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Print - 2020-04-04
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 04 Apr, 2020 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 04 Apr, 2020 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (April 3, 2020).

Published 04 Apr, 2020 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (April 3, 2020).

Published 04 Apr, 2020 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (April 3, 2020).

Published 04 Apr, 2020 12:00am
BOARD MEETINGS
Stocks

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 04 Apr, 2020 12:00am
Member to Member
Stocks

Member to Member

The following transactions member to member subsequently reported on Friday (April 3, 2020).

Published 04 Apr, 2020 12:00am
Shipping Intelligence
Schedules

Shipping Intelligence

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

Published 04 Apr, 2020 12:00am
Pakistan Mercantile Exchange - PMEX

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
Lahore Grain Market Rates

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
Cotton Spot Rates

Cotton Spot Rates

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

Published 04 Apr, 2020 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 04 Apr, 2020 12:00am
The Weather

The Weather

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

Published 04 Apr, 2020 12:00am
Dollar resumes surge in Europe
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
Most Asian currencies set for weekly losses
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
Aussie, kiwi give ground
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
PMEX daily trading report
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
Trading activity remains suspended on cotton market
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
Activities of Karachi Port
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
Ukraine's grain exports at record 46 million tones
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
CBOT soyabean futures mixed as meal prices sink
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
CBOT corn futures mixed as crude oil higher
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
Drive-thru coronavirus testing in UAE: swab and go

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
Merkel returns to office after quarantine stint

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

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
Soviet-era statue removed in Prague

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
Soul singer Bill Withers dies at 81

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
Virus depresses US payrolls, more job losses coming
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
Germany backs EU bailout fund without 'senseless conditions' in virus fight
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
S&P confirms US AA+ rating with stable outlook
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
Germany enlists industrial giants for protective gear procurement
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
EU scraps import duties for medical equipment
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
Eurozone economy took record hit in March
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
Trade and industry badly affected by Covid-19: PCDMA
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
Wapda clarifies
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
Tertiary care hospitals to be provided with more ventilators: Murad

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
NKATI members say no to average billing mechanism
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
Huge quantity of ICE worth Rs 1.6 billion seized

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
SC allows KP government to recruit people through PSC

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
APTMA wants textile units be exempted from lockdown
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
Army takes control of NCOC to contain spread of Covid-19

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
ABAD hails PM's tax incentives as 'historic'
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
PALSP demands relief package for steel sector
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
Chinese company donates masks

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
Procedural snags may mar distribution of Rs 200 billion among needy

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