News Archives for Print - 2020-04-03

Print - 2020-04-03

Business & Economy

SCCI to provide 40 isolation rooms, 10 ventilators

President Sialkot Chamber of Commerce and Industry (SCCI) Muhammad Ashraf Malik discussed, matters pertaining to prevailing COVID-19 pandemic, here last evening with Provincial Minister of Special Education Punjab Chaudhry Mohammed Akhlaq, Commissioner Gu

Published 03 Apr, 2020 12:00am

Business & Economy

Stores, shops violating fixed rates to be sealed and fined: Minister

Punjab Industries and Trade Minister Mian Aslam Iqbal has said that stores and shops found repeatedly violating government fixed rates will be sealed and heavy fines will be imposed on the owners for not displaying the price lists.

Published 03 Apr, 2020 12:00am

Tableeghi Ijtemaas: Punjab government to track participants in other provinces

Following the outbreak of coronavirus among participants of Tableeghi Ijtemaa held at Raiwind, the Punjab government has decided to track and screen all those who participated in such congregations in other provinces or abroad.

Published 03 Apr, 2020 12:00am

UAF develops antiviral sanitizer as per WHO standards

The University of Agriculture Faisalabad has developed hand and surface sanitizer as per standards of World Health Organization (WHO) in order to provide the international standards sanitizer to the public to fight against coronavirus.

Published 03 Apr, 2020 12:00am

Stocks

PSX consolidates gains: BRIndex100 stages smart rally

Pakistan Stock Exchange Thursday witnessed another bullish session plus healthy volumes on the back of aggressive buying, mainly by local investors in all sectors.

Published 03 Apr, 2020 12:00am

Saudi Arabia imposes 24-hour curfew on Makkah and Madina

Saudi Arabia on Thursday extended curfew restrictions on two holiest cities to 24 hours to stem the spread of coronavirus as the number of deaths from the disease rose to 21.

Published 03 Apr, 2020 12:00am

US agency seeks 100,000 body bags

The main US disaster response agency has asked the Defense Department for 100,000 body bags as the toll mounts from the novel coronavirus, the Pentagon said Thursday.

Published 03 Apr, 2020 12:00am

Dr Zafar confirms 31 deaths, 2291 positive cases

Special Assistant to Prime Minister (SAPM) on National Health Dr Zafar Mirza on Thursday confirmed 31 deaths from coronavirus across the country, and said that total 2,291 cases of coronavirus had been reported of which nine were serious.

Published 03 Apr, 2020 12:00am

List of units not at risk of virus spread readied: PM

Prime Minister Imran Khan has described striking a balance between ensuring continuation of industrial activities without spread of the coronavirus as a major challenge for the government.

Published 03 Apr, 2020 12:00am

Government decides to keep the economy going

The National Coordination Committee on Thursday decided to reopen work on China-Pakistan Economic Corridor (CPEC) projects.

Published 03 Apr, 2020 12:00am

MoF yet to revise fiscal deficit figures

The Finance Ministry has yet to rationalise figures of fiscal deficit subsequent to relief package announced by the prime minister on March 24, however work is in progress, stated spokesman of the ministry, Omer Hameed. On March 26, mediapersons asked Adv

Published 03 Apr, 2020 12:00am

Hussain Dawood announces Rs 1 billion donation

For the fight against COVID-19 in Pakistan, Hussain Dawood, Thursday, on behalf of Engro, Dawood Hercules and his family pledged a contribution in services, kind and cash of Rs 1 billion for the short, medium and long-term.

Published 03 Apr, 2020 12:00am

CII urges people to offer Friday prayers at home

The Council of Islamic Ideology (CII) Chairman, Dr Qibla Ayaz, urged the people to offer Friday prayers at home amid preventive measures to avoid the spread of the coronavirus.

Published 03 Apr, 2020 12:00am

Forex reserves plunge $1.5 billion in March

The country's total liquid foreign exchange reserves posted a notable decline of $1.5 billion during March, mainly due to massive outflow of hot money.

Published 03 Apr, 2020 12:00am

Exports post over 6.5 percent negative growth

The country's exports have posted over 6.5 per cent negative growth in March 2020 to $ 1.847 billion as compared to $ 1.976 billion in the corresponding month of 2019 as the Coronavirus factor has started hitting the exports.

Published 03 Apr, 2020 12:00am

Moody's scales down growth to 2-2.5 percent

Moody's Investors Service has revised downward the Gross Domestic Product (GDP) forecast for Pakistan from 2.9 percent to 2-2.5 percent, ie, by up to 0.9 percent for 2020.

Published 03 Apr, 2020 12:00am

SBP rules, regulations: Government all set to incorporate changes

The government is all set to incorporate changes to State Bank of Pakistan (SBP) rules and regulations through the SBP (amendment) Bill 2020 meant to ensure the autonomy of Central Bank to promote collegial decision making in the bank to address the confl

Published 03 Apr, 2020 12:00am

Energy

Byco plans to install DHDS & FCC units

Byco Petroleum Pakistan Limited (Byco) has announced its decision to establish a diesel hydro de-sulphurising (DHDS) unit and a fluid catalytic cracking (FCC) unit. An Extraordinary General Meeting of Byco's shareholders was held on Thursday to approve th

Published 03 Apr, 2020 12:00am

Mayor asks all parties to jointly work for people's progress

Mayor Karachi Wasim Akhtar Thursday asked all political parties to jointly work for the progress of people in current circumstances.

Published 03 Apr, 2020 12:00am

WB to roll out $160 billion emergency aid over 15 months

The World Bank on Thursday approved a plan to roll out $160 billion in emergency aid over 15 months to help countries deal with the impact of the global coronavirus pandemic.

Published 03 Apr, 2020 12:00am

Emirates SkyCargo reaffirms commitment with record transport

In the wake of the COVID-19 pandemic, Emirates SkyCargo continues to underline its commitment to Pakistan by breaking not just one but two records last week to transport essential supplies.

Published 03 Apr, 2020 12:00am

Diamer-Bhasha Dam: Wapda intends to award contract anytime soon, Umar told

The Water and Power Development Authority (Wapda) intends to award the contract for the main dam and allied structures within next few weeks to start the construction activities in the current fiscal year 2019-20.

Published 03 Apr, 2020 12:00am

Kidnap-murder of Daniel Pearl: SHC overturns death sentence of Omar Sheikh

Sindh High Court (SHC) on Thursday commuted the death sentence of Omar Ahmed Sheikh, the main accused in kidnapping and murdering of American journalist Daniel Pearl and acquitted three co-accused by setting aside the life-imprisonment awarded by anti-ter

Published 03 Apr, 2020 12:00am

Novartis, Aurobindo call off Sandoz sale

Swiss pharmaceuticals giant Novartis said Thursday it had struck a mutual agreement with Aurobindo Pharma to cancel a deal to sell Sandoz to the Indian firm.

Published 03 Apr, 2020 12:00am

Tier-1 retailers' POS: Online integration deadline extended till April 30

To facilitate retailers' community, the Federal Board of Revenue (FBR) has extended the date up to April 30, 2020 for online integration of tier-1 retailers' point of sale (POS) with the board's computerized system for real time reporting of their sales.

Published 03 Apr, 2020 12:00am

SECP reduces fees for various regulated activities

To reduce cost of doing business of corporate sector, the Securities and Exchange Commission of Pakistan (SECP) on Thursday reduced fees for various regulated activities including renewal of licenses of Private Fund Management Company, Real Estate Investm

Published 03 Apr, 2020 12:00am

Terminals waive demurrages on imports till April 5

Port terminal operators have agreed to waive demurrages on the import containers arrived from March 20 to April 5, 2020 in order to facilitate importers during the lockdown announced by the Sindh government to avert the spread of COVID-19 in the country.

Published 03 Apr, 2020 12:00am

Oil sales decline by 29 percent on YoY basis

The oil sales in the country have declined by 29 percent on year-on-year basis to 1.03 million tons in March 2020, lowest monthly sales since 2006. The oil sales in March 2019 were 1.46 million tons.

Published 03 Apr, 2020 12:00am

SBP asks banks to accept donations to PM's relief fund

The State Bank of Pakistan (SBP) has asked banks for acceptance of donations for Prime Minister's COVID-19 Pandemic Relief Fund 2020.

Published 03 Apr, 2020 12:00am

Letters

Global food crisis in the offing?

Is the entire world bracing for a severe food crisis? Yes, it is. The warning has been issued by the heads of three global agencies that a potential worldwide food shortage if authorities fail to manage the ongoing corona virus crisis properly. Countries

Published 03 Apr, 2020 12:00am

Articles

'No gloves, no masks': Romania medical workers fear for lives in virus fight

"We don't have gloves, masks, anything," says one of the medical team at southeastern Romania's Ramnicu Sarat hospital, one of those designated to treat COVID-19 patients.

Published 03 Apr, 2020 12:00am

Articles

Coronavirus and economic policy

First of all it makes sense to realize that the COVID-19 just did not hit the world from out of the blue. In fact, according to a research article 'Coronavirus: a paradigm of new emerging zoonotic diseases' which was recently published in February 2020, i

Updated 03 Apr, 2020 09:22am

Articles

Covid-19 pandemic, leadership & apathy

In a country of about 210 million people, about 10,000 individuals, prominent in business or profession or holding key positions in state institutions, think they know each and everything and can fix the multiple and complex problems faced by Pakistan, ei

Published 03 Apr, 2020 12:00am

Feeble steps forward

After a series of stops and starts, the implementation of the prisoners exchange agreed between the US and Taliban in the peace deal signed in Doha, Qatar, on February 29, 2020 seems about to begin. The Taliban had originally planned to send a 10-member t

Updated 03 Apr, 2020 05:45am

Stimulus/relief measures

Grave financial crises seem to bring out the best in leaders of the world's richest countries, especially the G20, as once again the group of major economies has pledged to inject fiscal spending worth $5 trillion into the global economy to limit economic

Updated 03 Apr, 2020 05:44am

Nestle Pakistan has committed 100 million rupees in response to the COVID-19

To meet the nutritional needs of both affectees and frontline workers, Nestle Pakistan has committed 100 million rupees in the national response to the COVID-19 pandemic. As part of the pledge, Nestle Pakistan will give product and cash donations, which w

Published 03 Apr, 2020 12:00am

Farhan Shafi appointed PMDC MD

The federal cabinet has approved the appointment of Farhan Shafi as managing director Pakistan Mineral Development Corporation (Pvt) Limited for a period of three years.

Published 03 Apr, 2020 12:00am

Business & Economy

Two PIA flights carrying Canadians off to Toronto

Two flights of Pakistan International Airlines (PIA) carrying Canadians on Thursday left for Toronto from Karachi and Lahore. According to details, the flight operation was resumed on the request of Canadian government to fly back its citizens stranded in

Published 03 Apr, 2020 12:00am

Navy distributes ration bags in different cities

While the country is combating coronavirus Pandemic, Pakistan Navy is extending its support to affected families in prevalent precarious state of affair due to lockdown.

Published 03 Apr, 2020 12:00am

Covid-19 outbreak: Rush of motorists results in closure of Capital's entry points

Following increase in the number of motorists on various roads, the district administration on Thursday closed all entry points and allowed only authorised persons into the capital city, to control the spread of the COVID-19.

Published 03 Apr, 2020 12:00am

Business & Economy

17th March to 20th April: PM urged to waive all storage, demurrage charges at ports

Leader of the Business Community and patron-in-chief of United Business Group (UBG), S M Muneer has appealed to the prime minister to instruct the Ministry of Maritime Affairs for waiver of all storage and demurrage charges at the ports and all the termin

Published 03 Apr, 2020 12:00am

PM approves one month additional salary for doctors, medical staff

Prime Minister Imran Khan has approved one month additional salary for doctors and medical staff employed by the federal government.

Published 03 Apr, 2020 12:00am

PM's Relief Fund: OGDCL employees donate two-day salary

All employees of Oil and Gas Development Company Limited (OGDCL) has donated their two-day salary in the PM's Relief Fund established to mitigate financial sufferings of the people affected due to economic slowdown caused by the coronavirus (COVID-19) out

Published 03 Apr, 2020 12:00am

Outbreak of COVID-19: Interior ministry takes number of steps

The Ministry of Interior has taken a number of steps including sealing of western border and the Wagha border, and compilation of international passengers' data to deal with the outbreak of the COVID-19 in coordination with the federal and provincial agen

Published 03 Apr, 2020 12:00am

Cotton & Textile

Coverage of losses: Textile firms using political clout to get about Rs 15 billion?

The mighty over two dozen textile firms are reportedly still using their personal clout to get about Rs 15 billion from the government, despite the fact Commerce Advisor has taken public position, well informed sources told Business Recorder.

Published 03 Apr, 2020 12:00am

SC dismisses verdict to restore police constable

The Supreme Court on Thursday dismissed Service Tribunal verdict to restore Khyber-Pakhtunkhwa police constable. A two-judge bench, headed by Chief Justice Gulzar Ahmed, heard KP government appeal against the Service Tribunal to restore Shahid Khan on his

Published 03 Apr, 2020 12:00am

Business & Economy

Industrial & commercial sectors: FCCI urges government to avoid re-lockdown

President Faisalabad Chamber of Commerce and Industry (FCCI) Rana Sikandar-e-Azam Khan has urged upon the government to formulate a comprehensive strategy by incorporating necessary precautionary, safety and protective measures to avoid re-lockdown of ind

Published 03 Apr, 2020 12:00am

Business & Economy

'Online orders increased by 70 percent per week in Lahore, Karachi'

Jean-Marc Dumont, Country Manager of Carrefour Pakistan, has said that since the outbreak of COVID-19 in Pakistan, online orders received through mobile apps spiked sharply with a 70 percent increase per week in Lahore and Karachi.

Published 03 Apr, 2020 12:00am

Telecommunication

Telecom goods worth $1.167 billion imported during July-February 2019-20

Pakistan's imports of telecom goods reach $1.167 billion during July-Feb 2019-20, up by 29.19 percent, official figures say. Up by $262.980 million during July-Feb 2019-20, telecom imports mounted from $904.020 million during July-Feb 2018-19, Pakistan Bu

Published 03 Apr, 2020 12:00am

Recovered patient donates his plasma: Dr Ansari awaits government's nod for using plasma to treat Covid-19 patients

Renowned haematologist Dr Saqib Ansari on Thursday announced that the first coronavirus patient in Pakistan, Yahya Jafri, has donated his plasma to the Children's Hospital Karachi for the treatment of critical patients of the virus.

Published 03 Apr, 2020 12:00am

Business & Economy

Industrialists won't be able to pay salaries if lockdown continues: SAI chief

President of SITE Association of Industry (SAI), Suleman Chawla, said that due to the lockdown, industrial activities had come to a halt, and if this situation continued for the next 10 to 15 days the industrialists would be unable to pay workers their sa

Published 03 Apr, 2020 12:00am

Coronavirus patient dies in Hyderabad

Coronavirus patient belonged to Tando Mohammed Khan has died at Civil Hospital Hyderabad Isolation Ward, said MS Civil Hospital Doctor Mazhar Khalor.

Published 03 Apr, 2020 12:00am

FFC Mirpur Mathelo kicks off ration distribution drive

Answering the call of government and being a responsible corporate citizen Fauji Fertilizer Company (FFC) Mirpur Mathelo has stood up to facilitate District Management Ghotki in building a 60-bed quarantine centre. At the same time, owing to the governmen

Published 03 Apr, 2020 12:00am

DUHS will soon raise capacity of Covid-19 tests to 1,000 daily: VC

Prof. Mohammad Saeed Quraishy, Vice-Chancellor of the Dow University of Health Sciences, said that due to the corona emergency, the capacity of the test will soon be increased to 1,000 tests a day.

Published 03 Apr, 2020 12:00am

Peshawar Zalmay chief presents Rs 10 million to PM

Chief Executive Office of Haier Pakistan and Chairman of Peshawar Zalmay cricket team Muhamaad Javed Afridi Thursday called on Prime Minister Imran Khan and presented a cheque of Rs10 million for PM's Corona Relief Fund on behalf of Zalmay Foundation.

Published 03 Apr, 2020 12:00am

Business & Economy

PO's mail delivery system continues unbated

Pakistan Post continues to deliver mail across the country with all its 13,000 departmental offices operational while it has stopped the mail delivered by air and railways in line with the federal government's decision to stop aerial and railways operatio

Published 03 Apr, 2020 12:00am

Stemming Covid-19: Government puts strict precautionary measures in some department/ministries

As Covid-19 runs riot in the country, the federal government put some strict precautionary measures in place to stem the pandemic by completely shutting down some departments/ministries, while others are maintaining skeleton staff to take care of official

Published 03 Apr, 2020 12:00am

Energy

Talks with LNG terminal companies: CCoE sets up sub-committee

Cabinet Committee on Energy (CCoE) has constituted a sub-committee to deliberate the matter on a summary moved by the Petroleum Division regarding negotiations with the LNG terminal companies. Minister for Planning, Development and Special Initiatives Asa

Published 03 Apr, 2020 12:00am

IHC asks government to submit reply about KPT chairman's removal

The Islamabad High Court (IHC) on Thursday directed the federal government to submit written reply regarding removal of Rear Admiral Jamil Akhtar (retired) as chairman Karachi Port Trust (KPT).

Published 03 Apr, 2020 12:00am

Sindh releases Rs 264 million to control pye-dogs' population

Sectary Local Government Roshan Ali Shaikh on Thursday said that Sindh Government has started a humane method of controlling the dog population with adopting a scientific method of controlling the street dogs problem in the province.

Published 03 Apr, 2020 12:00am

Articles

Partly Facetious: This is not the time to urge anyone

"I would urge The Khan to urgently revisit some of the same-o, same-o actions."

Published 03 Apr, 2020 12:00am

Pakistan desirous of hosting Saarc health ministers moot

Pakistan on Thursday reiterated its desire to host the health ministers from the SAARC member states with a view to collectively fight the COVID-19 in the region, besides demanded the proposed "emergency" should be placed under the supervision of the secr

Published 03 Apr, 2020 12:00am

Brief Recordings

An interview with ICT expert Parvez Iftikhar'Government must facilitate operators to keep Internet running during coronavirus'

Amid the chaos of COVID-19, information and communication technologies (ICT) have come to the rescue of individuals, families and businesses across the world. BR Research spoke with Parvez Iftikhar, a prominent ICT expert, to get a better sense of the sit

Updated 03 Apr, 2020 04:38am

Global Business Economy

EU chief proposes Europe-wide unemployment guarantee

The EU on Thursday proposed a bloc-wide guarantee that could raise 100 billion euros ($109 billion) to aid strained national unemployment schemes as millions of jobs are hit by efforts to slow the coronavirus outbreak.

Published 03 Apr, 2020 12:00am

Global Business Economy

Boeing announces voluntary layoff plan

Boeing unveiled a voluntary worker layoff program Thursday, telling employees that it hoped to avoid "other workforce actions" as the aviation industry reels from the coronavirus crisis.

Published 03 Apr, 2020 12:00am

Stocks

US, eurozone output to crash in Q2: Fitch

The US and eurozone economies will see massive contractions this quarter of up to 30 percent on an annualised basis and a recovery to pre-coronavirus crisis levels will not come before the end of 2021, ratings agency Fitch said Thursday.

Published 03 Apr, 2020 12:00am

Global Business Economy

British Airways temporarily lays off 28,000 staff

Flagship airline British Airways will temporarily lay off 28,000 employees, or 60 percent of its workforce, due to the coronavirus crisis which is paralysing the sector, trade union Unite announced Thursday.

Published 03 Apr, 2020 12:00am

Global Business Economy

Spain posts record rise in jobless claims in March

Spain registered a leap of 302,265 jobless claims in March, the biggest on record, due to the "extraordinary impact" of the coronavirus pandemic, the labour ministry said Thursday. "This is a historic figure," Labour Minister Yolanda Diaz told a news conf

Published 03 Apr, 2020 12:00am

Global Business Economy

US trade deficit near 3-1/2-year low

The US trade deficit dropped to near a 3-1/2-year low in February as the coronavirus pandemic pushed imports from China to their lowest level since 2009. The Commerce Department said on Thursday the trade deficit fell 12.2% to $39.9 billion, the lowest le

Published 03 Apr, 2020 12:00am

Philippines ambassador to Lebanon dies of Covid-19

The Philippines' ambassador to Lebanon died of coronavirus Thursday, a statement said, one of only 16 recorded deaths in the country since the start of the pandemic. The Philippines' department of foreign affairs expressed its "deep sadness" at the passin

Published 03 Apr, 2020 12:00am

Iran, US heat up war of words

Iran said Thursday it "only acts in self-defence" after President Donald Trump warned it against attacks on US troops in Iraq, as a new war of words heated up despite the coronavirus pandemic.

Published 03 Apr, 2020 12:00am

IT & Computers

Twitter deletes Egypt, Saudi Arabia accounts over 'pro-government direction'

Twitter said Thursday it has removed thousands of accounts in Egypt, Saudi Arabia, Honduras, Indonesia and Serbia that allegedly took direction from governments or pushed pro-government content.

Published 03 Apr, 2020 12:00am

IT & Computers

Google boosts support for checking coronavirus facts

Google on Thursday said it is pumping $6.5 million into fact-checkers and nonprofits as it ramps up its the battle against coronavirus misinformation.

Published 03 Apr, 2020 12:00am

Stocks

EU chief apologises to Italy but baulks at 'coronabonds'

European Commission chief Ursula von der Leyen told Italy Thursday that European nations were ready to help it deal with the coronavirus after initially focusing on "their own home problems".

Published 03 Apr, 2020 12:00am

Energy

Asia's naphtha cracks plunge to lowest since 2008

Asia's naphtha crack dived by more than 220% to its lowest since the 2008 financial crisis as supplies remained abundant despite global refineries cutting runs to combat a hit to demand because of the coronavirus pandemic.

Published 03 Apr, 2020 12:00am

Commodities

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,484. The traded value of metals, energy and COTS/FX was recorded at PKR 5.148 billion and the number of lots traded was 14,144.

Published 03 Apr, 2020 12:00am

Commodities

China's hot-rolled coil tumbles as coronavirus hits demand

Hot-rolled coil (HRC) futures in China plunged on Wednesday, hitting their lowest in over 3-1/2 months, as the coronavirus pandemic dents demand amid an already slowing global economy.

Published 03 Apr, 2020 12:00am

Commodities

CBOT corn futures hit fresh lows

Chicago Board of Trade corn futures fell for a fourth straight session on Wednesday and hit fresh lows in most contracts as coronavirus fears hammered broader markets and government data showed a steep drop in ethanol output, traders said.

Published 03 Apr, 2020 12:00am

Commodities

Euronext wheat falls to one week low

Euronext wheat fell on Wednesday to one week low, pressured by a drop in Chicago as futures retreated from recent highs but still underpinned by strong export demand for European supplies. Benchmark May milling wheat futures on Paris-based Euronext settle

Published 03 Apr, 2020 12:00am

Business & Economy

Activities at Karachi Port and Port Qasim

The Karachi Port handled 78,427 tonnes of cargo comprising 44,100 tonnes of import cargo and 34,327 tonnes of export cargo including 5,069 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Published 03 Apr, 2020 12:00am

Cotton & Textile

Cotton growers facing problems

Businessmen and traders, particularly growers are facing a lot of problems in the absence of provision of basic requirements, some dealers and experts informed on phone on Thursday.

Published 03 Apr, 2020 12:00am

Commodities

Canadian canola futures fall

ICE Canadian canola futures fell on Wednesday, pressured by weakness in soyabeans and a sinking stock market. Canola crush margins worsened and canola prices appear to have further downside, a trader said.

Published 03 Apr, 2020 12:00am

Commodities

CBOT soyabean futures tumble as coronavirus hammers markets

Chicago Board of Trade soyabean futures tumbled on Wednesday as concerns about prolonged coronavirus restrictions slammed broader markets and lifted the dollar, traders said.

Published 03 Apr, 2020 12:00am

Commodities

CBOT wheat futures fall on firmer dollar

Chicago Board of Trade wheat futures ended down on Wednesday, with the most active contract seeing its biggest percentage drop in 7-1/2 months as the dollar firmed and coronavirus fears dragged down broader markets, traders said.

Published 03 Apr, 2020 12:00am

Stocks

SE Asia stocks: Thailand, Malaysia up

Thailand shares closed higher on Thursday on hopes of fresh stimulus measures to cushion the coronavirus' impact on its economy, while Malaysian equities gained as the rate of new infections slowed.

Published 03 Apr, 2020 12:00am

Stocks

Oil price rebound aids major Gulf indexes

Major Middle East stock markets closed higher on Thursday, helped by a bounce-back in oil prices although fears of a deep global recession due to the coronavirus outbreak limited gains.

Published 03 Apr, 2020 12:00am

Stocks

European stocks scrape out gains

A late-session rally in the energy sector helped European stocks end slightly higher on Thursday, with sentiment remaining fragile after a sharp rise in US unemployment claims showed further evidence of the coronavirus' economic impact.

Published 03 Apr, 2020 12:00am

Stocks

Thursday's early trade: Wall Street gains as oil soars 30 percent

Wall Street bounced on Thursday as hints of a deal between Russia and Saudi Arabia drove a record 30% surge in oil prices, outweighing the shock of a jump in US jobless claims past 6 million.

Published 03 Apr, 2020 12:00am

Stocks

Wall Street dives 4 percent

Wall Street's three major indexes fell more than 4% on Wednesday, after President Donald Trump's dire warning on the US death toll from the coronavirus sent investors running from even the most defensive equities.

Published 03 Apr, 2020 12:00am

Stocks

Japan shares lower

Japanese stocks fell for a fourth straight session on Thursday, hit by concerns the country was on the verge of a coronavirus crisis as the global death toll continued to climb.

Published 03 Apr, 2020 12:00am

Stocks

Oil majors pull FTSE 100 up

Surging oil prices lifted UK's commodity-heavy FTSE 100 on Thursday, although the mood was fragile as Britain saw a record surge in deaths from the coronavirus pandemic that threatens to plunge the world economy into a deep recession.

Published 03 Apr, 2020 12:00am

Money & Banking

China stocks rise

China stocks settled higher on Thursday, led by energy shares as crude oil futures jumped on hopes for a deal to end the price war between Saudi Arabia and Russia, and by tech firms.

Published 03 Apr, 2020 12:00am

Money & Banking

Sterling climbs against euro

Sterling hit a three-week high versus the euro on Thursday and held recent gains versus the dollar, as the British currency was swept up in global market swings that weakened the euro broadly.

Published 03 Apr, 2020 12:00am

Money & Banking

Early trade in New York: dollar advances for second day

The dollar rose for a second straight day against a basket of currencies on Thursday as investors, worried about the prospect of a global recession continued to take shelter in the greenback.

Published 03 Apr, 2020 12:00am

Money & Banking

Asian currencies slip

Most Asian currencies inched lower on Thursday as a warning from US President Donald Trump about the coronavirus death toll heightened fears of a global recession and soured risk appetite.

Published 03 Apr, 2020 12:00am

Money & Banking

Dollar maintains gains in Europe

The dollar firmed on Thursday but paused its strong rally of recent weeks after the Federal Reserve helped US currency liquidity in financial markets by making it easier for other central banks to access the greenback.

Published 03 Apr, 2020 12:00am

Taxes

FBR may hold back 30pc refunds to deal with false claims: tax experts

The Federal Board of Revenue (FBR) can hold back 30 percent refund claims to deal with the problem of false claims and release its 70 percent immediately, said tax experts.

Published 03 Apr, 2020 12:00am

Cotton & Textile

APTMA Punjab chief seeks govt's intervention as export orders may drop by 50pc

The All Pakistan Textile Mills Association (APTMA) Punjab Chairman Adil Bashir demanded of the government to freeze the interest rate on loans and urged the State Bank of Pakistan to issue directions to banks for suspension of interest on long-term as wel

Published 03 Apr, 2020 12:00am

Commodities

Wheat harvesting: Punjab govt to allow transportation of agri equipment, machinery

In order to provide relief to the farmers for harvesting of wheat crop, the Punjab government has decided to allow transportation of agriculture equipment and machinery across the province.

Published 03 Apr, 2020 12:00am

Business & Economy

People throng banks to get salaries, pensions

After remaining confined to homes for over a week and running short of money, a large number of people, particularly elderly persons, were seen standing shoulder-to-shoulder in queues outside various banks for the withdrawal of pensions and salaries in th

Published 03 Apr, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 18	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 18 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 18 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 18 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 18 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 18 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 18 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 18 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 18 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 18 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 18 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 18 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 18 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 18 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 18 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 18 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 18 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 18 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 18 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 18 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 18 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 18 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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