News Archives for Print - 2020-04-04

Print - 2020-04-04

Business & Economy

PPDWP approves 'Punjab Rozgaar Scheme'

The Punjab Provincial Development Working Party (PPDWP) here on Friday approved 'Punjab Rozgaar Scheme' and allocated a sum of Rs 9500 million to the Punjab Small Industries Corporation (PSIC) as implementing agency.

Published 04 Apr, 2020 12:00am

World Bank signs financing accord worth $200 million

The World Bank (WB) on Friday signed the financing agreement worth $200 million with Pakistan for the COVID-19 pandemic response. Dr Syed Pervaiz Abbas, federal secretary of the Economic Affairs Division signed the financing agreement on behalf of the Gov

Published 04 Apr, 2020 12:00am

Export expected to decline up to $4 billion: Razak

Prime Minister's Advisor on Commerce, Industries and Production and Investment, Abdul Razak Dawood said on Friday that Pakistan's export are expected to decline up to $4 billion due to spread of Covid-19 across the world.

Published 04 Apr, 2020 12:00am

GDP growth to decelerate: ADB

An increase in inflation rate for Pakistan to 11.5 percent and a further downward revision of GDP growth rate to 2.6 percent for 2020 has been projected by Asian Development Bank attributed to a rise in food prices, with planned utility price hikes taking

Published 04 Apr, 2020 12:00am

Economic freefall looms

Global cases of the new coronavirus have shot past 1 million with more than 53,000 fatalities, a Reuters tally showed on Friday, as death tolls soared in the United States and western Europe while the world economy nosedived. In the space of just 24 hours

Published 04 Apr, 2020 12:00am

Construction sector given tax incentives

Prime Minister Imran Khan has announced tax incentives for the construction sector, saying that this construction sector is being given the "status of industry". Moreover, its related industries would reopen from April 14 to provide employments to people.

Published 04 Apr, 2020 12:00am

Stocks

Bulls rule PSX: BRIndex100 stays bullish

Pakistan Stock Exchange Friday ended on a strong positive note on the back of aggressive buying by local investors and institutions.

Published 04 Apr, 2020 12:00am

Deep oil output cuts won't offset demand loss: IEA

Deep output cuts by OPEC and other oil producing nations will not prevent a huge build up of crude, the head of the IEA said on Friday, urging the world's richest economies to discuss broader ways to stabilise oil markets.

Published 04 Apr, 2020 12:00am

Refinance Schemes: SBP allows deferment of loans for a year

The State Bank of Pakistan (SBP) has announced to extend the scope of financial relief package to borrowers availing loans under Refinance Schemes. Now, the borrowers of SBP's refinance schemes will be allowed for deferment in repayment of principal amoun

Published 04 Apr, 2020 12:00am

Rs 100 billion refunds released under package: MoF

The Finance Ministry has stated that the government has released Rs100 billion to industry under tax refunds on Thursday (April 2) under the government's Rs1,240 billion stimulus package announced by the prime minister on March 27, said a press release is

Published 04 Apr, 2020 12:00am

PSDP 2019-20: Government releases Rs 467.24 billion against budgeted Rs 701 billion

The federal government has released Rs467.24 billion (66.65 per cent) including Rs92.74 billion foreign aid (72.3 percent) for various ongoing and new development projects under the Public Sector Development Programme (PSDP) 2019-20 against the total budg

Published 04 Apr, 2020 12:00am

Jinnah Airport to be pledged: Rs 700 billion to be raised through Ijarah Sukuk

Fearing lower tax and non-tax revenue and higher expenditure due to coronavirus spread across the country, Finance Division has decided to raise over Rs 700 billion through issuance of Ijarah Sukuk through a consortium of Islamic banks by pledging the ass

Published 04 Apr, 2020 12:00am

National Command and Operation Centre: Government rolls out single-window to fight Covid-19

Prime Minister Imran Khan visited the National Command and Operation Centre (NCOC) for the COVID-19 disease in Islamabad Friday, said a press release issued on Friday.

Published 04 Apr, 2020 12:00am

WB revises real GDP growth projection downward to 1.1 percent

The World Bank (WB) has revised the real GDP growth projection massively for Pakistan to 1.1 percent from an earlier projection of 2.4 percent for 2020 and 0.9 percent for 2021 from the earlier three percent on account of steep decline in economic activit

Published 04 Apr, 2020 12:00am

Avolon cancels order for 75 Boeing 737 MAX planes

Irish aircraft leasing company Avolon said Friday it was canceling an order for 75 737 MAX planes due to the massive deterioration in travel because of COVID-19.

Published 04 Apr, 2020 12:00am

It will also benefit middle class: Hafeez

Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh Friday said that Rs1,200 billion relief package announced by Prime Minister Imran Khan to lessen the impact of coronavirus will also benefit the middle class.

Published 04 Apr, 2020 12:00am

Stimulus package: modalities devised

Adviser to the Prime Minister on Finance, Dr Abdul Hafeez Shaikh Friday chaired a meeting to devise the modalities for the implementation of the fiscal stimulus package, and directed to make the best use of their abilities for providing relief to the wors

Published 04 Apr, 2020 12:00am

87 percent rise in coronavirus cases in 18 days: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that during the last 18 days, 87 percent rise has been recorded in the coronavirus cases. "This is alarming, and the pandemic needs more focused and collective efforts to control it."

Published 04 Apr, 2020 12:00am

Saudi king earmarks $2.4 billion to pay private sector workers

Saudi Arabia's King Salman has ordered up to 9 billion riyals ($2.4 billion) to be disbursed to pay part of the wages of private-sector workers to deter companies from laying off staff, the state-run Saudi Press Agency reported on Friday.

Published 04 Apr, 2020 12:00am

Man dies after setting himself on fire outside PM's House

A man on Friday set himself on fire outside the Prime Minister's House and later died of burn injuries at the Pakistan Institute of Medical Sciences (PIMS).

Published 04 Apr, 2020 12:00am

Coronavirus challenge: employers' perspective

Employers Federation of Pakistan (EFP), the apex body of manufacturers of Pakistan and a constituent of International Labour Organisation (ILO), is deeply concerned with the economic and social consequences of the outbreak of COVID-19 that has deeply impa

Published 04 Apr, 2020 12:00am

Norway jails man for threatening police with coronavirus

A Norwegian court has sentenced a man to 75 days in prison for threatening to spit on a police officer while saying he had the coronavirus, police said Friday.

Published 04 Apr, 2020 12:00am

Daniel Pearl case: Sindh government to challenge SHC verdict

Sindh Government will file an appeal in Supreme Court (SC) against the judgment of Sindh High Court (SHC) in the Daniel Pearl case. SHC had acquitted three suspects of being involved in the kidnapping and murder of American journalist in 2002 and overturn

Published 04 Apr, 2020 12:00am

Tax defaulters: Recovery to be made from money held in term deposits/Pos

To ensure recovery from tax defaulters, the Federal Board of Revenue (FBR) has empowered Inland Revenue (IR) officials to recover tax from defaulters from money held in term deposits or pay orders, etc, which are due at a later stage.

Published 04 Apr, 2020 12:00am

IFRS 9: SBP extends timeline

The State Bank of Pakistan (SBP) has extended the timeline for implementation of International Financial Reporting Standard 9 (IFRS 9). According to SBP, keeping in view the prevalent COVID-19 (Corona Virus Disease 2019) pandemic situation, it has been de

Published 04 Apr, 2020 12:00am

People rough policemen up in Karachi

Police said that two of its personnel were beaten by some angry people in Liaqatabad when the law-enforcers tried to stop them from going to a mosque to offer Friday prayers in congregation.

Published 04 Apr, 2020 12:00am

Letters

Coronavirus challenge

This is apropos a Business Recorder op-ed "Covid-19 pandemic, leadership & apathy" carried by the newspaper yesterday. The writers, Huzaima Bukhari and Dr Ikramul Haq, have extensively cited China's example in order to advance their argument. But t

Published 04 Apr, 2020 12:00am

Articles

Spain's coronavirus crisis stalls global fashion giant Inditex

Inditex has switched its clothes factories in Spain over to making medical supplies and its logistics hub has almost ground to a halt, effectively freezing the nerve centre of its business from which it supplies stores worldwide.

Published 04 Apr, 2020 12:00am

Articles

Politics aside, US relies on China supplies to fight virus

US politicians have voiced fury over Beijing's handling of the coronavirus crisis but they face a harsh truth - the United States desperately needs China's supplies.

Published 04 Apr, 2020 12:00am

Articles

Time to rise

That the country is on economic roller coaster is perhaps an understatement.

Published 04 Apr, 2020 12:00am

Articles

Formidable challenge

Coronavirus has severely impacted the human lives and the economies the world over in a profound manner. The trauma of loss of human lives will be followed by loss of jobs, food shortages and depleted health facilities - just to name a few of them.

Published 04 Apr, 2020 12:00am

Daniel Pearl case verdict

18 years on, the gruesome murder of Wall Street Journal correspondent Daniel Pearl remains engulfed in mystery. The Sindh High Court (SHC) on Thursday overturned the life sentence, awarded to three accused by a trial court on charges of kidnap and murder,

Updated 06 Apr, 2020 05:18am

The prospect of food shortage

With an end to the coronavirus pandemic still nowhere in sight it was only a matter of time, really, before concerns about food shortage started doing the rounds. The United Nations' Food and Agriculture Organisation (FAO) warned just last week that prote

Updated 06 Apr, 2020 05:17am

Delicate balance

Asad Umar, the Minister for Planning and Development, whose relevance within Prime Minister Imran Khan's Cabinet has further strengthened as the administration struggles to meet the ever-rising challenges as a consequence of the onslaught of the pandemic

Updated 06 Apr, 2020 05:16am

Covid-19 outbreak: ICT to launch disinfection drive across Capital

In the wake of increase in coronavirus positive cases the Islamabad Capital Territory (ICT) Administration has decided to conduct disinfection spray in the entire city to control the spread of the COVID-19.

Published 04 Apr, 2020 12:00am

Procedural snags may mar distribution of Rs 200 billion among needy

Pakistan Tehreek-e-Insaf government is set to distribute Rs 200 billion among the deserving population across the country through three different programmes but procedural anomalies coupled with bureaucratic hitches related to the registration of those in

Published 04 Apr, 2020 12:00am

Chinese company donates masks

The China Gezhouba Group Company Pakistan Head Shi Yu called on Chief Minister Khyber Pakhtunkhwa, Mahmood Khan here on Friday and announced donation of 60000 protective masks and 1000 3M brand protective suits as a gesture of good well. KP chief minister

Published 04 Apr, 2020 12:00am

Commodities

PALSP demands relief package for steel sector

While welcoming the construction industry's package announced by the Prime Minister, Pakistan Association of Large Steel Producers (PALSP) has stated that genuine concerns of the steel industry also need to be deliberated in order to bolster the construct

Published 04 Apr, 2020 12:00am

Taxes

ABAD hails PM's tax incentives as 'historic'

Chairman Association of Builders and Developers of Pakistan (ABAD) Mohsin Sheikhani has termed the tax incentives announced by Prime Minister Imran Khan as a historic package for the construction industry of Pakistan and this package will prove a turning

Published 04 Apr, 2020 12:00am

Business & Economy

Workers' wages: EFP urges government to establish 'emergency fund'

The Employers' Federation of Pakistan (EFP) has requested the government that every factory, industrial and commercial establishment should be allowed to establish an "emergency fund" to be used by enterprises for payment of workers' wages, which may meet

Published 04 Apr, 2020 12:00am

Army takes control of NCOC to contain spread of Covid-19

Pakistan army is taking the lead role in response to the Covid-19 pandemic by taking control of the top implementation body - National Command and Operation Centre (NCOC) - accompanied by deployment of troops across the country in aid of civil power under

Published 04 Apr, 2020 12:00am

Fawad highlights names of firms selling substandard sanitizer

Federal Minister for Science and Technology Fawad Chaudhry has listed all sanitizer-making companies that do not comply with the standards of the World Health Organization (WHO).

Published 04 Apr, 2020 12:00am

Business & Economy

Framework for SEZs: BoI initiates consultation process

The Board of Investment (BoI) has initiated consultation process for development of a national framework for the Special Economic Zones (SEZs) development, including a policy for private zones, single enterprise zones, conversion of existing industrial es

Published 04 Apr, 2020 12:00am

Hotels conversion into quarantine facilities: IHC turns down petition against NDMA's orders

The Islamabad High Court (IHC) on Friday turned down a petition against the National Disaster Management Authority (NDMA)'s orders to convert hotels into quarantine facilities for treating coronavirus patients.

Published 04 Apr, 2020 12:00am

Cotton & Textile

APTMA wants textile units be exempted from lockdown

With a view to ensure smooth running of business operations of export-oriented industry and to bring them at par with the units operating in KPK and Sindh, the All Pakistan Textile Mills Association (APTMA) has requested the Punjab government to exempt te

Published 04 Apr, 2020 12:00am

SC allows KP government to recruit people through PSC

The Supreme Court on Friday allowed the Khyber-Pakhtunkhwa government to recruit people in Grade-11 and above post through the Public Service Commission (PSC). A two-judge bench, headed by Chief Justice Gulzar Ahmed, heard the petitions of various employe

Published 04 Apr, 2020 12:00am

Taxes

Rs 18 billion tax relief: Stamp duty contributes more than any other tax category

Stamp duty contributes more than any other tax category in Rs18 billion tax relief announced by the government of Punjab. According to the official documents available with Business Recorder, the rate of stamp duty has been slashed heavily; incurring an i

Published 04 Apr, 2020 12:00am

Business & Economy

Consumption of domestic cement declines by 16.70 percent in March

As expected Coronavirus had its impact on domestic consumption of cement also that declined by 16.70 per cent in March while the exports grew at 5.27 per cent as the global markets are equally under pressure due to the same reason.

Published 04 Apr, 2020 12:00am

Covid-19 outbreak: 920 tested positive across Punjab so far: Dr Yasmin

As many as 17069 coronavirus tests were conducted across the province of Punjab out of whom 920 were tested positive, the Punjab health minister Dr Yasmin Rashid, said.

Published 04 Apr, 2020 12:00am

Huge quantity of ICE worth Rs 1.6 billion seized

Directorate of Customs Intelligence, Karachi in co-ordination with Naval Intelligence, Pakistan Navy claimed to have seized an unprecedented quantity of crystal meth (ICE) 100 kilograms worth Rs 1.6 billion approx in the international market.

Published 04 Apr, 2020 12:00am

Business & Economy

NKATI members say no to average billing mechanism

North Karachi Association of Trade and Industry (NKATI) President Muhammad Nasim Akhtar has said that the members of the association have refused to pay ad-hoc bills on average billing and demanded of K-Electric to generate the bills according to the unit

Published 04 Apr, 2020 12:00am

Tertiary care hospitals to be provided with more ventilators: Murad

Sindh Chief Minister Syed Murad Ali Shah has directed all the district hospitals to give their extra ventilators and other equipment to the tertiary care hospitals so that the serious patients of the coronavirus could be shifted and treated there.

Published 04 Apr, 2020 12:00am

Business & Economy

Pakistan urged to allow cargo containers to cross into Afghanistan

The Afghan government has requested Pakistan to allow the Afghan transit cargo to cross into Afghanistan under standard fumigation procedure to maintain the supply chain of medicines, foods and other basic goods for the people of Afghanistan.

Published 04 Apr, 2020 12:00am

Energy

Wapda clarifies

The spokesperson of the Ministry of Water Recourses while contradicting the news item titled "Diamer-Basha Dam; Evaluation report contrary to PPRA, PEC Rules" published in daily Business Recorder on March 24, 2020, has clarified that the news story

Published 04 Apr, 2020 12:00am

Telecommunication

PTCL signs MoU with Gulberg Greens to provide ICT services

Pakistan Telecommunication Company Limited (PTCL) has signed a Memorandum of Understanding (MoU) with Gulberg Greens Islamabad for provision of Information Communication Technology (ICT) services and infrastructure in the society.

Published 04 Apr, 2020 12:00am

Business & Economy

Trade and industry badly affected by Covid-19: PCDMA

Chairman, Pakistan Chemicals & Dyes Merchants Association (PCDMA) and former director, Karachi Stock Exchange, Amin Yusuf Balgamwala has said that coronavirus epidemic had affected not only people but trade & industry also very badly, while business is on

Published 04 Apr, 2020 12:00am

Stocks

Coronavirus outbreak: PTI takes stock of government's decisions

The ruling Pakistan Tehreek-e-Insaf (PTI) on Friday took stock of government's decisions taken to cope up with the current situation in the wake of the coronavirus outbreak and reviewed progress on their implementation.

Published 04 Apr, 2020 12:00am

Business & Economy

KCCI asks government to withdraw ISPA arrears for good

President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has urged the federal government to permanently withdraw Industrial Support Package Adjustment (ISPA) arrears which would provide some relief to the industries particularly in

Published 04 Apr, 2020 12:00am

Taxes

Payment & return filing: Provincial revenue authorities urged to grant extension in line with FBR

Provincial revenue authorities should also grant payment and return filing extension in line with the Federal Board of Revenue (FBR).

Published 04 Apr, 2020 12:00am

Articles

Partly Facetious: PM is not doing too badly

"There is nothing that can bring out inefficiencies and lack of preparedness as a natural disaster."

Published 04 Apr, 2020 12:00am

Global Business Economy

Eurozone economy took record hit in March

Business activity in the 19-nation eurozone suffered a record fall in March and hit an historic low, according to the PMI index published on Friday by analysts IHS Markit. The IHS index for the month was 29.7 - down from Markit's first estimate for March

Published 04 Apr, 2020 12:00am

Global Business Economy

EU scraps import duties for medical equipment

The European Commission announced on Friday that it would temporarily waive customs duties and VAT on imports of sorely-needed medical equipment to help in the fight against the coronavirus.

Published 04 Apr, 2020 12:00am

Global Business Economy

Germany enlists industrial giants for protective gear procurement

Berlin is enlisting German multinationals and their networks of contacts abroad, especially in China, to secure protective clothing and equipment in the fight against the coronavirus, the health ministry said Friday.

Published 04 Apr, 2020 12:00am

Stocks

S&P confirms US AA+ rating with stable outlook

The financial rating agency Standard and Poor's confirmed on Thursday the AA+ rating for the United States' long-term debt despite the recent passage of a historic $2 trillion aid package to combat the novel coronavirus.

Published 04 Apr, 2020 12:00am

Global Business Economy

Germany backs EU bailout fund without 'senseless conditions' in virus fight

German Finance Minister Olaf Scholz said Friday the European Union should activate the European Stability Mechanism (ESM) bailout fund "with no senseless conditions" to support states whose economies are hit the hardest by the coronavirus crisis.

Published 04 Apr, 2020 12:00am

Money & Banking

China releases $56 billion to banks in virus response

China's central bank said Friday it would cut the reserve requirements for smaller banks to release around 400 billion yuan ($56.3 billion) in liquidity, a move to counter the coronavirus impact on enterprises.

Published 04 Apr, 2020 12:00am

Global Business Economy

Virus depresses US payrolls, more job losses coming

The US economy shed 701,000 jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the novel coronavirus outbreak shuttered businesses and factories, confirming a recession is underway.

Published 04 Apr, 2020 12:00am

EU backs US plan for Venezuela transitional government

The European Union on Friday welcomed a US plan for a transitional government in Venezuela and subsequent lifting of economic sanctions.

Published 04 Apr, 2020 12:00am

Italy and Russia spar over alleged coronavirus spies

Italy was engaged in a war of words with Russia on Friday over allegations Moscow hid spies among doctors it had sent to the country's coronavirus epicentre near Milan.

Published 04 Apr, 2020 12:00am

Soul singer Bill Withers dies at 81

Bill Withers, the legendary performer who defined 1970s soul with hits like "Ain't No Sunshine" and "Lean on Me" has died following heart complications, his family said in a statement. He was 81 years old.

Published 04 Apr, 2020 12:00am

Money & Banking

WHO, IMF say saving lives 'prerequisite' to save jobs

The WHO and IMF chiefs insisted Friday that saving lives was a "prerequisite" to saving livelihoods in the coronavirus pandemic - a crisis they called "one of humanity's darkest hours".

Published 04 Apr, 2020 12:00am

Soviet-era statue removed in Prague

Prague authorities on Friday said they had removed a controversial Soviet-era statue, despite protests from Moscow, to make way for a World War II memorial. The Russian embassy on Friday protested the removal of the bronze statue of Soviet general Ivan Ko

Published 04 Apr, 2020 12:00am

IT & Computers

Google to publish user location data to help governments tackle virus

Google says it will publish users' location data around the world from Friday to allow governments to gauge the effectiveness of social distancing measures, brought in to stem the COVID-19 pandemic.

Published 04 Apr, 2020 12:00am

Light at tunnel's end: Wuhan's cautious reawakening

Cars are back on city streets and shoppers are strolling in malls again as life slowly returns to Wuhan. But the cradle of the global coronavirus pandemic remains under the shadow of the contagion. The city of 11 million people - along with tens of millio

Published 04 Apr, 2020 12:00am

Merkel returns to office after quarantine stint

German Chancellor Angela Merkel left her Berlin home for the first time in almost two weeks on Friday, after she was forced into quarantine following contact with a COVID-19-infected doctor.

Published 04 Apr, 2020 12:00am

Drive-thru coronavirus testing in UAE: swab and go

A drive-through coronavirus screening centre in the UAE capital Abu Dhabi has become a go-to destination for many wanting reassurance during the pandemic. The facility, believed to be the first of its kind in the Gulf, greets around 600 people a day in th

Published 04 Apr, 2020 12:00am

US, UK, Spain deaths mount and now virus threatens war zones

Deaths from the global coronavirus epidemic accelerated again on Friday as the US, Spain and Britain grappled with their highest tolls yet and the world economy took a massive hit.

Published 04 Apr, 2020 12:00am

Commodities

CBOT corn futures mixed as crude oil higher

Chicago Board of Trade corn futures ended mixed on Thursday as early spillover support from a sharply higher crude oil market faded on continued worries about grain demand amid the coronavirus pandemic, traders said.

Published 04 Apr, 2020 12:00am

Commodities

CBOT soyabean futures mixed as meal prices sink

Chicago Board of Trade soyabean futures ended mixed on Thursday as sinking soyameal prices dragged down nearby contracts, reversing early gains fueled by strong soyabean export sales and sharply higher crude oil prices, traders said.

Published 04 Apr, 2020 12:00am

Commodities

Ukraine's grain exports at record 46 million tones

Ukraine's grain exports reached a record 46 million tonnes in the first nine months of the 2019/20 season versus 37.6 million shipped in the same period a season earlier, the Ministry for Development of Economy, Trade and Agriculture said on Thursday.

Published 04 Apr, 2020 12:00am

Business & Economy

Activities of Karachi Port

The Karachi Port handled 121,654 tonnes of cargo comprising 95,016 tonnes of import cargo and 26,638 tonnes of export cargo including 7,241 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.

Published 04 Apr, 2020 12:00am

Cotton & Textile

Trading activity remains suspended on cotton market

Trading activity remained suspended on the cotton market owing to fight against the spread of coronavirus, dealers informed on phone on Friday. The official spot rate was unchanged at Rs8800, dealers said.

Published 04 Apr, 2020 12:00am

Commodities

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,583. The traded value of metals, energy and COTS/FX was recorded at PKR 8.415 billion and the number of lots traded was 24,607.

Published 04 Apr, 2020 12:00am

Commodities

China's steel futures higher after falling over 3 percent

Steel futures in China closed higher on Thursday after falling more than 3% in early trade on demand concerns due to the fast-spreading coronavirus pandemic.

Published 04 Apr, 2020 12:00am

Energy

Brent crude surges 10 percent on hopes of oil output deal

Crude futures surged for a second day on Friday, with benchmark Brent up 10% on hopes that a global deal to cut crude supply worldwide will emerge early next week.

Published 04 Apr, 2020 12:00am

Money & Banking

Aussie, kiwi give ground

The Australian and New Zealand dollars were heading for a weekly loss on Friday as the economic damage wrought globally by the coronavirus kept risk assets under pressure, while bond yields held near record lows despite massive borrowing plans.

Published 04 Apr, 2020 12:00am

Money & Banking

Sterling drops as British firms suffer record slump

Sterling sank on Friday after data showed a record slump among Britain's services and manufacturing firms in late March as businesses and households paused activity to try to prevent the spread of the coronavirus.

Published 04 Apr, 2020 12:00am

Money & Banking

Early trade in New York: Dollar rises against majors

The dollar resumed its climb against major currencies on Friday as investors took refuge in safety bids amid worsening economic fallout from the coronavirus pandemic.

Published 04 Apr, 2020 12:00am

Money & Banking

Most Asian currencies set for weekly losses

Most Asian currencies fell on Friday and were on course to record weekly losses, as investors latched on to the safety of the US dollar due to the worsening economic impact from the coronavirus pandemic. The South Korean won and Singapore dollar dipped 0.

Published 04 Apr, 2020 12:00am

Money & Banking

Dollar resumes surge in Europe

The dollar resumed its climb against major currencies on Friday as investors took refuge in safety bids amid worsening economic fallout from the coronavirus pandemic.

Published 04 Apr, 2020 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 04 Apr, 2020 12:00am

The Weather

The weather report on Friday (April 3, 2020) and the forecast for Saturday (April 4, 2020).

Published 04 Apr, 2020 12:00am

LME official prices

The following were Thursday official prices.

Published 04 Apr, 2020 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (April 3, 2020).

Published 04 Apr, 2020 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (April 3, 2020)

Published 04 Apr, 2020 12:00am

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (April 3, 2020).

Published 04 Apr, 2020 12:00am

Schedules

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 3, 2020).

Published 04 Apr, 2020 12:00am

Money & Banking

THE RUPEE: Dollar at Rs167

The dollar gained slightly against the rupee on the inter-bank market on Friday in the process of trading activity, marketmen said.

Published 04 Apr, 2020 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (April 3, 2020).

Published 04 Apr, 2020 12:00am

Stocks

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Friday (April 3, 2020).

Published 04 Apr, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37
France CAC40 / Dec 17	7,365.70
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	8.08 ▲ 0.97 (13.64%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Leather Up Ltd. / Dec 18 Leather Up Limited(LEUL)	26.74 ▲ 2.43 (10.00%)

Stock	Price
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Dawood Lawrencepur / Dec 18 Dawood Lawrencepur Limited(DLL)	211.50 ▼ -23.50 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.11
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.45
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.38
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▼ -0.05
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.50
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.87
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.09
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -2.92
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	31,617,831 ▲ 1.01

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