News Archives for Print - 2020-04-01

Print - 2020-04-01

Stocks

PSX maintains uptrend: BRIndex100 rallies

A bullish trend continued on Pakistan Stock Exchange Tuesday following across-the-board healthy buying, mainly by local investors.

Published 01 Apr, 2020 12:00am

Rs 50 billion being allocated to USC: Umar

Minister for Planning, Development and Special Initiatives Asad Umar has said that it is essential for the government to strike a balance between preventing the spread of the coronavirus and keeping the economy running.

Published 01 Apr, 2020 12:00am

Coronavirus patients: Private hospitals must be bound to allocate beds, other facilities

A meeting on the coronavirus chaired by Prime Minister Imran Khan on Tuesday decided that private hospitals must also be bound to allocate specific number of beds and other facilities for coronavirus patients.

Published 01 Apr, 2020 12:00am

Financial assistance: Countrywide survey launched

The federal government has launched a countrywide data survey regarding the distribution of financial assistance to the deserving public in line with Prime Minister Imran Khan's initiative to launch Economic Package for the less privileged masses in the b

Published 01 Apr, 2020 12:00am

Ehsaas Programme: A lot needs to be done to firm up cash transfer plan

The government decision to provide cash transfer to those earning up to Rs20,OOO monthly through Ehsaas Programme may take weeks owing to verification and registration process.

Published 01 Apr, 2020 12:00am

$2 billion export losses feared

Commerce Ministry has claimed that Pakistan will face export loss of $ 2 billion, besides delayed payments due to outbreak of coronavirus in Europe and United States of America.

Published 01 Apr, 2020 12:00am

Federal cabinet takes stock of grim situation

The federal cabinet on Tuesday approved a Rs1.2 trillion economic relief package announced by Prime Minister Imran Khan last week.

Published 01 Apr, 2020 12:00am

New York transformed as US virus death toll exceeds China's

Emergency field hospitals are going up in Central Park and at the home of the US Open as the number of coronavirus deaths in America surpassed on Tuesday those reported by China.

Published 01 Apr, 2020 12:00am

Period of lockdown: Port terminal operators reluctant to waive charges

Port terminal operators have appeared reluctant to waive port charges from the importers for a period of lockdown announced by provincial government to avert the spread of COVID-19 in the country.

Published 01 Apr, 2020 12:00am

61 new cases detected in Sindh

Sindh Chief Minister Syed Murad Ali Shah has said that 61 new cases of the coronavirus have been detected in the last 24 hours, taking the total number of cases in the province to 627.

Published 01 Apr, 2020 12:00am

Pakistan will be amongst hardest-hit economies: UN

Developing countries, including Pakistan, will be hit hardest by the economic shockwaves caused by the novel coronavirus crisis that has shaken the world and will need a support package of up to $2.5 trillion to cope with the damage, a United Nations repo

Published 01 Apr, 2020 12:00am

G20 plan focuses on poorer countries' debt problems

The Group of 20 major economies said on Tuesday that they would present a coronavirus action plan in two weeks to address the debt vulnerabilities of the poorest countries and deliver financial aid to emerging economies.

Published 01 Apr, 2020 12:00am

Launch deferred till today

Prime Minister Imran Khan Tuesday deferred the formal launch of 'Corona Relief Tiger Force' till today (Wednesday) amid strong reservations expressed by opposition political parties.

Published 01 Apr, 2020 12:00am

'Corona Relief Tiger Force': Opposition parties reject PM's initiative

Opposition political parties on Tuesday rejected Prime Minister Imran Khan's initiative - formation of "Corona Relief Tiger Force" - and instead proposed setting up of a "Parliamentary Monitoring Committee" to prevent the possible distribution of the fund

Published 01 Apr, 2020 12:00am

US renews sanctions waivers allowing Iran non-proliferation work

The United States has allowed Russian, Chinese and European companies to continue their work at Iranian nuclear sites to make it harder for Tehran to develop nuclear weapons, the US State Department said on Monday.

Published 01 Apr, 2020 12:00am

July-March: Rs 458 billion shortfall in revenue collection

The Federal Board of Revenue (FBR) has provisionally collected Rs3,063 billion during July-March (2019-2020) against the revised target of Rs3,521 billion, reflecting a shortfall of Rs458 billion.

Published 01 Apr, 2020 12:00am

Waiver of CPPA-G capacity charges: Government may form Omar-led body to talk with IPPs

The government is likely to constitute a committee under the chairmanship of Minister for Power, Omar Ayub Khan to negotiate with Independent Power Producers (IPPs) for waiver of capacity charges of CPPA-G voluntarily to lower cost of generation, well-inf

Published 01 Apr, 2020 12:00am

OICCI urges government to 'ease' lockdown

The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the federal government and provinces to ease the Coronavirus lockdown restrictions and facilitate exporters, as well as manufacturers, transporters, distributors and retailers of es

Published 01 Apr, 2020 12:00am

Shahbaz makes telephonic contacts with opposition leaders

Opposition leader and PML-N leader Shahbaz Sharif on Tuesday made telephonic contacts with opposition leaders and held consultations with regard to formation of parliamentary monitoring committee on coronavirus.

Published 01 Apr, 2020 12:00am

Steel sector demands tax relief package

Steel sector has demanded of the government to unveil a tax relief package on an immediate basis following coronavirus (COVID-19) pandemic.

Published 01 Apr, 2020 12:00am

Tablighi Jamaat's Delhi office sealed off

India sealed off the headquarters of a Muslim missionary group on Tuesday and ordered an investigation into accusations it held religious meetings that officials fear may have infected dozens of people with the coronavirus.

Published 01 Apr, 2020 12:00am

GST, FED for February: FBR extends deadline till April 12

The Federal Board of Revenue (FBR) has further extended the last date for payment of sales tax and the federal excise duty up to April 12, 2020 to facilitate business community.

Published 01 Apr, 2020 12:00am

Jang Group chairman, publisher Mir Javed passes away

Jang Group chairman and publisher Mir Javed, who is also the brother of Jang Group and Geo TV owner Mir Shakil, passed away at a private hospital here Tuesday.

Published 01 Apr, 2020 12:00am

Letters

China's approach to Covid-19 challenge

This is apropos a Business Recorder op-ed "Origins and challenges of coronavirus pandemic" carried by the newspaper yesterday. The writer, Rashed Rahman, has ably explained the China 'model' and the contrasting approaches to dealing with the challe

Published 01 Apr, 2020 12:00am

Articles

Dollar may be set for another damaging bout of strength

If the 2008 financial crisis is any guide, world markets - which have barely had time to recover from the dollar's 9% surge in mid-March - may be set for another damaging bout of strength in the greenback.

Published 01 Apr, 2020 12:00am

Articles

Discount rate at 11 percent - is that enough? - II

The reported claim by the SBP Governor and Dr Hafeez Sheikh that the main selling point for a high discount rate is its linkage to the rate payable by the National Savings Centres (NSCs) to domestic savers (widows and pensioners) is also challengeable. Tr

Published 01 Apr, 2020 12:00am

Articles

Public health vs economic health

Focusing exclusively on public health rather than trying to strike a balance between human and economic health, China seems to have succeeded by March 15, in preventing, to a large extent, Covid-19 spreading exponentially in the mainland since it first st

Published 01 Apr, 2020 12:00am

Overzealous accountability

Exactly a month after the Islamabad High Court (IHC) granted him bail in the LNG terminal reference case, an accountability court issued non-bailable arrest warrants for former prime minister Shahid Khaqan Abbasi in a fresh case. This time, the National A

Updated 02 Apr, 2020 09:14am

What after allowing goods transport?

The government has done the right thing by lifting the ban on inter-provincial transport of goods even as the number of infected cases and deaths from the coronavirus increases by the day. Not only will this decision help meet demand for essential items a

Updated 02 Apr, 2020 09:07am

PM's latest directives

In a formal televised address to the nation Prime Minister Imran Khan announced the establishment of Prime Minister's fund dedicated to dealing with the Coronavirus in National Bank of Pakistan (NBP). Critics who are dishing this proposal as one which was

Updated 02 Apr, 2020 09:14am

Online classes begin at Swabi women varsity

The Women University Swabi, which will remain closed till May 30, has started online classes by shifting more than 400 courses of all the 18 departments on Google classrooms and online lectures.

Published 01 Apr, 2020 12:00am

Anwar Majeed, Khursheed Jamali: IHC orders NAB to file reply in bail petitions

The Islamabad High Court (IHC) on Tuesday directed the National Accountability Bureau (NAB) to file reply in the bail petitions of Omni Group head Khawaja Anwar Majeed, and Khursheed Anwar Jamali. A two-member bench of the IHC comprising Chief Justice Ath

Published 01 Apr, 2020 12:00am

Fake accounts case: Talpur's plea to unfreeze her bank accounts rejected

The Accountability Court hearing multi-billion-rupee fake bank accounts case on Tuesday rejected former president Asif Ali Zardari's sister Faryal Talpur's plea to unfreeze her bank accounts.

Published 01 Apr, 2020 12:00am

KWSB's donation for Sindh Coronavirus Emergency Fund

A cheque presentation ceremony was held at the Sindh Bank Head Office on March 30. The contribution was from the Karachi Water & Sewerage Board (KWSB) for Rs 22,173,913 for the Sindh Government Coronavirus Emergency Fund.

Published 01 Apr, 2020 12:00am

SC dismisses bail application of murder convict

The Supreme Court on Tuesday dismissed the bail application of a murder convict. A two-judge bench, headed by Justice Umar Ata Bandial heard the bail appeal of Javed Akhtar. Latif Khosa advocate, representing the petitioner, Javed Akhtar argued that one y

Published 01 Apr, 2020 12:00am

Business & Economy

Flights for Canadian nationals: PIA to take decision today

Pakistan International Airlines (PIA) will take a decision on Wednesday (April 1) to allow two special repatriation flights of the national flag carrier for Canadian citizens. However, the decision to allow the PIA to fly special flights to three other in

Published 01 Apr, 2020 12:00am

Lockdown to be further tightened in Capital

In the wake of rapid increase in the number of coronavirus cases in the country in general, and the capital city in particular, the Islamabad Capital Territory (ICT) Administration has decided to further tighten the lockdown in order to control the spread

Published 01 Apr, 2020 12:00am

Disruption in trade due to lockdown: APTTA chief wants banks to be lenient on markups

The Chairman of All Pakistan Timber Traders Association (APTTA), Muhammad Sharjeel Goplani, has said that the State Bank of Pakistan should advise the commercial banks not to charge any markup since the announcement of the lockdown.

Published 01 Apr, 2020 12:00am

Distribution of ration: Sindh minister for engaging LG representatives

Sindh Minister for Information Syed Nasir Hussain Shah, while reacting to Prime Minister Imran Khan's decision to form a "tiger force" to stop the spread of the coronavirus, said that Imran Khan had already used the name "tiger" on previous occasions, and

Published 01 Apr, 2020 12:00am

MQM-P vows to deliver goods at people's doorsteps

Muttahida Qaumi Movement-Pakistan (MQM-P) convener Dr. Khalid Maqbool Siddiqui said on Tuesday that his party would not leave the people alone in the present crisis caused by the coronavirus.

Published 01 Apr, 2020 12:00am

Taxes

PCDMA chief urges FBR to withdraw tax notices

Chairman Pakistan Chemicals & Dyes Merchants Association (PCDMA) and former director Karachi Stock Exchange, Amin Yousuf Balgamwala has urged the Chairman Federal Board of Revenue to waive all notices including income tax, sales tax, WHT and all proceedin

Published 01 Apr, 2020 12:00am

Eight quarantine centres set up in Tharparkar

The mutual effective measures is being taken to cope up the coronavirus , Tharparkar district is still safe from the coronavirus with the team work done by the District Administration, departments concerned and law enforce agencies and all the measures ha

Published 01 Apr, 2020 12:00am

PN to donate for corona relief fund

While the country is combating coronavirus pandemic, Pakistan Navy has also lined-up its resources to counter implications of Corona virus across the country. In this perspective, Pakistan Navy has decided to contribute in Corona Relief Fund.

Published 01 Apr, 2020 12:00am

Mayor distributes food

Mayor of Karachi Wasim Akhtar on Tuesday distributed food in UC-26, I. I. Chundrigar Road and directed the union committee chairmen to do the same in their areas.

Published 01 Apr, 2020 12:00am

'Injustice against seafood processing industry should end'

The country's $450-million seafood export business seeks an electricity tariff structure similar to those of the five zero-rated sectors, saying that the "injustice" against the seafood processing industry should end, exporters said on Tuesday.

Published 01 Apr, 2020 12:00am

Cotton & Textile

Government urged to defer loan repayments, expedite payment of refunds

All Pakistan Textile Mills Association (APTMA) has said that that the entire textile sector is in crisis as majority of export orders have either been deferred or cancelled.

Published 01 Apr, 2020 12:00am

Taxes

FBR urges people to pay taxes

Federal Board of Revenue has issued a statement wherein it has been appealed to the taxpayers to pay their due taxes in time to increase the revenue resource of the government. The government will utilize the resources to effectively provide services to t

Published 01 Apr, 2020 12:00am

Business & Economy

Engineering and surgical products,: Govt assures PEC of full support for making & marketing

The government has assured Pakistan Engineering Council (PEC) of full support for manufacturing and marketing of engineering and surgical products, but no incentive package is currently under consideration for the sector.

Published 01 Apr, 2020 12:00am

Energy

Ogra slashes LPG price by Rs462.78

The Oil and Gas Regulatory Authority (OGRA) has slashed the price of indigenous liquefied petroleum gas (LPG) by Rs462.78 per 11.8kg domestic cylinder for the month of April 2020, due to low consumption and decline in petroleum price globally.

Published 01 Apr, 2020 12:00am

Business & Economy

Over 14,000 Afghanistan-bound containers stranded at border, port

Over 14,000 Afghanistan-bound containers loaded with transit trade and Pakistani export goods are stranded at Chaman and Torkham border crossings and Karachi port due to the closure of Pakistan's border with Afghanistan as a precautionary measure against

Published 01 Apr, 2020 12:00am

Online classes in varsities: HEC seeks details of courses to check content's quality

In response to a number of complaints regarding online classes in some universities, the Higher Education Commission (HEC) has asked for detailed information on these courses in order to inspect the quality of the content, delivery, and connectivity.

Published 01 Apr, 2020 12:00am

Articles

Partly Facetious : Zardari hasn't said a word for ages

"One question, how are the supporters of Z A Bhutto and daughter Benazir referred to?"

Published 01 Apr, 2020 12:00am

Energy

NTDC employees: Chinese group donates 10,000 face masks

Chinese Energy Engineer Group, Jiangsu Power Design Institute Company Limited, has donated 10,000 medical face masks for the employees of National Transmission and Dispatch Company (NTDC) to keep them protected from Coronavirus while performing their duti

Published 01 Apr, 2020 12:00am

Appointments of staff, faculty: Unapproved statutes of 15 public sector varsities biggest hurdle

Unapproved statutes of the Punjab's public sector universities are the biggest hurdle in implementation of the orders of governor vis-à-vis appointments of registrars, controllers' examination and treasurers of the public sector universities in Punjab.

Published 01 Apr, 2020 12:00am

Commodities

No ban on movement of essential commodities except wheat: Sindh government

Taking notice of rice exporters' complaints, Sindh government has made it clear that there is no ban on the movement of essential food commodities except transportation of wheat which is being regulated by the Sindh Food department.

Published 01 Apr, 2020 12:00am

Business & Economy

Cement factories being exempted from restrictions: 1000-bedded field hospital to be operational today: Buzdar

Punjab Chief Minister Sardar Usman Buzdar on Tuesday said that 1000-bedded Hospital at Expo centre Lahore will be made functional from Wednesday (today) and situation with regard to medical and administrative affairs is under control in the province of Pu

Published 01 Apr, 2020 12:00am

Business & Economy

Railways extends suspension of passenger trains

The Pakistan Railways (PR) has extended the suspension of all passenger trains which was expiring at 12:00 midnight till further order. Extending the notification earlier issued, Chairman Railways Habib-ur-Rehman said that the passengers, who had booked t

Published 01 Apr, 2020 12:00am

PPP's video-link APC today

Pakistan People Party (PPP) Punjab has deferred its video-link All Parties Conference (APC) for a day. This APC will now take place on Wednesday (today), said Hassan Murtaza, spokesman of PPP Punjab.

Published 01 Apr, 2020 12:00am

AC allows transit remand of Mir Shakil

An accountability court on Tuesday allowed transit remand of Jang group editor-in-chief Mir Shakilur Rehman to attend funeral of his elder brother in Karachi.

Published 01 Apr, 2020 12:00am

Government trying to get IMF, WB, ADB loans rescheduled: Qureshi

Foreign Minister Makhdoom Shah Mehmood Qureshi said on Tuesday that government was trying to get loans rescheduled from International Monetary Fund (IMF), World Bank (WB) and Asian Development Bank (ADB) to deal coronavirus pandemic effectively. "The resc

Published 01 Apr, 2020 12:00am

Expo Field Hospital; Minister for expediting setting up of Triage Centre

Health Minister Dr. Yasmin Rashid directed to expedite setting up of Triage Centre at the Expo Center Field Hospital during her visit on Wednesday.

Published 01 Apr, 2020 12:00am

Universities: PHEC recommends policy guidelines for blended, online education

Punjab Higher Education Commission Committee in its meeting on Tuesday gave go a head to the universities of the Punjab to start online and blended teaching learning process ensuring compliance to minimum requirements and facilities available at the campu

Published 01 Apr, 2020 12:00am

Taxes

Nearly Rs 25 billion refunds paid in March

The Federal Board of Revenue (FBR) has paid nearly Rs25 billion refunds to the business community during March 2020.

Published 01 Apr, 2020 12:00am

CS for expediting cleaning and disinfecting of roads, mosques

Punjab Chief Secretary Azam Suleman Khan has directed that the ongoing disinfection campaign should be divided into two zones and the process of cleaning and disinfecting roads, mosques and public places be completed at the earliest.

Published 01 Apr, 2020 12:00am

COVID-19: Three dedicated centres set up in Lahore

Three dedicated centres have been set up in Lahore for treatment of COVID-19 patients and the remuneration package has been doubled for doctors serving here.

Published 01 Apr, 2020 12:00am

Government in constant touch with Iran on issue of zaireen: FO

The Government of Pakistan is in constant touch with the Iranian government on the issue of zaireen (pilgrims) and is working together through mutual consultation to facilitate the stranded Pakistani citizens, the Foreign Office said.

Published 01 Apr, 2020 12:00am

158 pilgrims tested positive in Balochistan

Chief Secretary (SC) Balochistan Captain Fazeel Asghar (retd) on Tuesday said at least 1854 of Zahireen have been tested from 5000 visitors in which 158 test reports were diagnosed positive as 19 patients of them were recovered from the virus.

Published 01 Apr, 2020 12:00am

Cotton & Textile

KP textile millers for exemption from lockdown

Mar.31-Khyber Pakhtunkhwa Textile Mills Association (KPTMA) has demanded of the provincial government for the exemption of textile mills of holidays or allowing operation at least for minimum level to fulfill the demands of exporters.

Published 01 Apr, 2020 12:00am

Brief Recordings

Berger Paints Pakistan Limited

Berger Paints Pakistan (PSX: BERG) began its operations three years after the inception of Pakistan- in 1950. It later became a public limited company in 1974.

Updated 01 Apr, 2020 04:57am

Money & Banking

US dollar share of global FX reserves slips in Q4: IMF

The US dollar's share of currency reserves reported to the International Monetary Fund fell to 60.8% in the fourth quarter last year from the previous quarter, data released on Tuesday showed.

Published 01 Apr, 2020 12:00am

Telecommunication

Huawei posts strong growth but warns 'most difficult year' ahead

Huawei said Tuesday it had sustained solid growth in its global businesses in 2019 despite a US campaign to isolate the Chinese tech giant, but warned of its "most difficult year" ahead.

Published 01 Apr, 2020 12:00am

Global Business Economy

Trump calls for $2 trillion infrastructure spending

President Donald Trump called Tuesday for a $2 trillion infrastructure package, saying cheap credit now allows for a "bold" initiative just when the US economy is reeling from the coronavirus shutdown.

Published 01 Apr, 2020 12:00am

Global Business Economy

China's factory activity rebounds

Chinese factory activity saw surprise growth in March as businesses grind back to work following a lengthy shutdown but analysts said the economy faces a challenging recovery as external demand is devastated by coronavirus, while the World Bank warned gro

Published 01 Apr, 2020 12:00am

Global Business Economy

US consumer confidence approaches three-year low

US consumer confidence dropped to a near three-year low in March as households worried about the economy's near-term outlook amid the coronavirus pandemic, which has upended life for Americans.

Published 01 Apr, 2020 12:00am

Money & Banking

IMF secures loans from members to bolster lending

The International Monetary Fund said Tuesday its members have agreed to renew arrangements ensuring the fund has lending firepower, especially as the coronavirus pandemic creates a demand for financing.

Published 01 Apr, 2020 12:00am

UK appoints Skripal probe boss as new MI5 chief

The head of the investigation into the poisoning of Russian former double agent Sergei Skripal has been appointed as the next head of Britain's domestic intelligence agency.

Published 01 Apr, 2020 12:00am

Nineteen killed in massive China forest fire

Eighteen firefighters and one forestry guide died while fighting a huge forest fire in southwestern China, the local government said Tuesday. State television footage showed large flames shooting into the sky from the mountains above the city of Xichang i

Published 01 Apr, 2020 12:00am

Trump, Erdogan stress need for Syria, Libya ceasefires: White House

US President Donald Trump and his Turkish counterpart Recep Tayyip Erdogan underlined Tuesday the need for ceasefires in Syria and Libya during the coronavirus pandemic, the White House said.

Published 01 Apr, 2020 12:00am

Congo ex-president Yombi Opango dies of coronavirus

Former Republic of Congo president Jacques Joaquim Yhombi Opango died in France on Monday of the new coronavirus, his family told AFP. He was 81. Yhombi Opango, who led Congo-Brazzaville from 1977 until he was toppled in 1979, died at a Paris hospital of

Published 01 Apr, 2020 12:00am

Russia's top coronavirus doctor who met Putin tests positive

The head of Moscow's main coronavirus hospital who met with President Vladimir Putin a week ago has tested positive, he said Tuesday, as the Kremlin announced the Russian leader's health was fine.

Published 01 Apr, 2020 12:00am

Energy

Satellite data lays scale of methane leaks bare

Methane, a powerful greenhouse gas, is leaking from industry sites at rates equivalent to the annual carbon emissions of France and Germany combined, a new analysis using satellite data showed Tuesday.

Published 01 Apr, 2020 12:00am

IT & Computers

Czechs test 'smart quarantine' to curb virus impact

Czech authorities are testing a new IT system to quickly trace back the contacts of those infected with coronavirus to curb the spread, a spokeswoman said Tuesday.

Published 01 Apr, 2020 12:00am

Global Business Economy

Europe sends medical gear to Iran in first sanction-bypass deal

European nations have delivered medical goods to Iran in the first transaction under the Instex mechanism set up to bypass American sanctions on Tehran, the German foreign ministry said Tuesday.

Published 01 Apr, 2020 12:00am

Stocks

Nikkei falls

Japanese stock benchmark Nikkei dropped on Tuesday on growing fears that Tokyo could go into its first-ever lockdown as the global coronavirus crisis showed no signs of abating.

Published 01 Apr, 2020 12:00am

Stocks

Most Gulf stocks extend losses

Most Gulf stock markets declined on Tuesday, as investors remained worried by the chronic weakness of oil prices and lockdowns across much of the world, while Saudi Arabia bucked the trend.

Published 01 Apr, 2020 12:00am

Stocks

European shares set for worst quarter since 2002

European stock markets regained more ground on Tuesday after a brutal selloff this month, with investors measuring the impact of massive official stimulus efforts against a near total shut down in global supply chains due to the coronavirus pandemic.

Published 01 Apr, 2020 12:00am

Stocks

Tuesday's early trade: S&P set for worst first quarter since 1938

Wall Street steadied on Tuesday as investors returned to stocks that are likely to weather an economic slump due to the coronavirus pandemic that has put the S&P 500 on course for its worst first quarter since 1938.

Published 01 Apr, 2020 12:00am

Stocks

Wall Street rallies, led by healthcare jump

US stocks rose on Monday, led in part by healthcare stocks as investors looked for shares that have become cheap and can withstand the impact to the economy from efforts to stem the spread of the coronavirus.

Published 01 Apr, 2020 12:00am

Stocks

Indian shares up

Indian shares closed higher on Tuesday, tracking broader Asian markets, but recorded their worst monthly and yearly performance in over a decade as the country grappled with disruption caused by the fast-spreading coronavirus.

Published 01 Apr, 2020 12:00am

Stocks

FTSE rises yet closes in on worst quarter since 1987

UK shares rose on Tuesday as a recovery in oil prices and a surprise expansion in Chinese factory activity revived confidence in equity markets amid a deep selloff this month that set the FTSE 100 on course for its worst quarter since 1987.

Published 01 Apr, 2020 12:00am

Money & Banking

China stocks suffer worst quarter since 2018

Chinese shares edged up on Tuesday after the country reported a better-than-expected industrial activity, though fears of an economic fallout of the coronavirus pandemic led the stock market to its worst quarter since 2018.

Published 01 Apr, 2020 12:00am

Money & Banking

Early trade in New York: dollar climbs against majors

The dollar climbed against major currencies on Tuesday amid quarterly and fiscal year-end demand from portfolio managers and Japanese firms. Analysts said the steep fall in US equity markets during the month of March led to increased buying of dollars for

Published 01 Apr, 2020 12:00am

Money & Banking

Dollar surges in Europe on quarter-end flows

The dollar climbed against a swathe of currencies on Tuesday amid fiscal year-end demand by Japanese firms while the Australian dollar slipped despite a Chinese survey showing manufacturing returned to growth in March.

Published 01 Apr, 2020 12:00am

Money & Banking

Sterling rises

Sterling rose on Tuesday as investors readjusted their portfolios at the end of the first quarter of 2020, although analysts said the currency remained fragile.

Published 01 Apr, 2020 12:00am

Commodities

Russian wheat export prices jump

Russian wheat export prices jumped alongside European benchmarks last week while domestic prices were tempered by higher supply from farmers selling to raise cash for spring sowing, analysts said on Monday.

Published 01 Apr, 2020 12:00am

Commodities

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,525.

Published 01 Apr, 2020 12:00am

Commodities

European wheat prices steady on brisk exports

European wheat prices were steady on Monday as a strong export pace continued to support the market, while traders assessed the consequences of the coronavirus epidemic, including a plan by top wheat exporter Russia to cap grain shipments.

Published 01 Apr, 2020 12:00am

Commodities

CBOT soyabean futures mixed

Chicago Board of Trade soyabean futures ended mixed on Monday as worries that the coronavirus pandemic could curb South American soya shipments largely offset spillover pressure from the sinking corn market, traders said.

Published 01 Apr, 2020 12:00am

Commodities

Iron ore futures fall in China and Singapore

Iron ore futures in China and Singapore fell on Monday on renewed doubts over whether massive worldwide stimulus measures will be enough to buttress a global economy hammered by the coronavirus pandemic.

Published 01 Apr, 2020 12:00am

Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 71,018 tonnes of cargo comprising 33,718 tonnes of import cargo and 37,300 tonnes of export cargo including 2,584 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.

Published 01 Apr, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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