News Archives for Print - 2020-04-09

Print - 2020-04-09

Railways incurring Rs 1 billion weekly loss: Rashid

Federal Minister for Railways, Sheikh Rashid Ahmad Wednesday said that the country-wide lockdown was unlikely to end on April 14.

Published 09 Apr, 2020 12:00am

Pope condemns those trying to make quick buck off coronavirus

Pope Francis on Wednesday condemned people he said were exploiting the coronavirus pandemic to turn a quick profit and decried the "hypocrisy" of how some politicians are dealing with the crisis.

Published 09 Apr, 2020 12:00am

WHO rejects 'China-centric' charge after Trump criticism

World Health Organization officials on Wednesday denied that the body was "China-centric" and said that the acute phase of a pandemic was not the time to cut funding, after US President Donald Trump said he would put contributions on hold.

Published 09 Apr, 2020 12:00am

Global trade will plunge by up to a third in 2020: WTO

Global trade growth is expected to plummet by up to a third in 2020 due to the coronavirus pandemic, the World Trade Organization said Wednesday, warning that the numbers would be "ugly".

Published 09 Apr, 2020 12:00am

Government team briefs CJP about steps taken to combat Covid-19

Chief Justice Gulzar Ahmed said the government functionaries should work hard to achieve success in the fight against coronavirus pandemic.

Published 09 Apr, 2020 12:00am

12m families to receive Rs12,000 each: Disbursement to begin at 17,000 points today

Prime Minister Imran Khan has said the biggest challenge for the government after the lockdown has been how to provide relief to the vulnerable. He said that disbursement of financial assistance of Rs12,000 each to 12 million families would start from tod

Published 09 Apr, 2020 12:00am

Stocks

Oil stocks lead PSX decline: BRIndex100 edges down

A bearish trend continued on Pakistan Stock Exchange due to selling by local and foreign investors Wednesday.

Published 09 Apr, 2020 12:00am

Fit and proper criteria: SECP nod mandatory before appointment of directors

The Securities and Exchange Commission of Pakistan (SECP) will make mandatory for securities exchange, clearing house and central depository to obtain clearance from the commission, on the fit and proper of the directors prior to their appointment or elec

Published 09 Apr, 2020 12:00am

PSX completes pilot run of new surveillance system

Pakistan Stock Exchange (PSX) has integrated and successfully completed the pilot run of the surveillance system in the last week of March 2020 in close coordination with the SECP.

Published 09 Apr, 2020 12:00am

ED on power consumption: FBR directs steel melters, re-rolling mills to submit actual figures

The Federal Board of Revenue (FBR) has directed steel melting and re-rolling mills to submit consumer number of electricity meters and electricity units consumed during month (kWh) to collect actual excise duty in sales tax mode payable and verify electri

Published 09 Apr, 2020 12:00am

ECC likely to approve Sukuk-II issuance

The Economic Coordination Committee (ECC) of the Cabinet on Thursday (today) is likely to approve issuance of long-awaited Pakistan Energy Sukuk-II worth Rs 200 billion to clear some receivables of power sector entities which is on the brink of default, w

Published 09 Apr, 2020 12:00am

Rs 50 billion grant for USC approved by ECC

The Economic Coordination Committee (ECC) of the Cabinet has decided to approve Rs50 billion for the Utility Stores Corporation (USC) as part of the government relief package announced subsequent to coronavirus pandemic in the country. An official said th

Published 09 Apr, 2020 12:00am

China says position on Kashmir remains unchanged

A spokesman of the Chinese Mission to the UN has rejected Indian media reports that China, during its presidency of the Security Council in March, had ignored Pakistan's call for urgent consideration of the situation in Indian occupied Kashmir at the 15-m

Published 09 Apr, 2020 12:00am

Killer of Mujib faces execution 45 years on

A Bangladesh military captain arrested after nearly 25 years on the run over the assassination of the Sheikh Mujibur Rahman will be executed, officials said Wednesday.

Published 09 Apr, 2020 12:00am

World airlines suspend online refund system

All international airlines have suspended the option of claiming refund through online system, offering vouchers for future travel instead of cash refunds of unused tickets.

Published 09 Apr, 2020 12:00am

Refund payments: 'Queue' system not being properly followed

After replacement of the FASTER system with "queue" system for refund payments, certain field formations of the Federal Board of Revenue (FBR) are not following queue in processing of sales tax refunds to the exporters under the prime minister's package f

Published 09 Apr, 2020 12:00am

Sanders suspends White House bid

Democratic presidential candidate Bernie Sanders suspended his campaign on Wednesday, making former Vice President Joe Biden the presumptive nominee to face Republican President Donald Trump in the Nov. 3 election.

Published 09 Apr, 2020 12:00am

Nausheen assumes charge as FBR chairperson

Nausheen Javaid Amjad, a BS-22 officer of Inland Revenue Service has assumed the charge of the post of Chairperson, Federal Board of Revenue (HQ), Islamabad from April 8, 2020.

Published 09 Apr, 2020 12:00am

Foreign nationals: Validity of all types of visas extended

The government on Wednesday extended validity of all types of visas issued to foreign nationals as part of its measures to prevent the outbreak of coronavirus.

Published 09 Apr, 2020 12:00am

Virus-hit Iran urges IMF to approve $5 billion loan

Iranian President Hassan Rouhani urged the International Monetary Fund on Wednesday to give the sanctions-hit country a $5 billion emergency loan to combat its novel coronavirus outbreak.

Published 09 Apr, 2020 12:00am

Gulf states urged to unblock internet calls in response to pandemic

Human rights groups urged three Gulf Arab states Wednesday to lift bans on free internet calls to help their large migrant workforces stay in touch during the coronavirus pandemic.

Published 09 Apr, 2020 12:00am

Sugar scam can ultimately land in NAB's lap

The government is likely to hand over alleged sugar subsidy and price hike scam to the National Accountability Bureau (NAB) after the "Probe Commission's" final report is submitted to the Prime Minister scheduled on April 25, 2020.

Published 09 Apr, 2020 12:00am

Waqar made Fauji Foundation MD/CEO

Waqar Ahmed Malik has been appointed as the Managing Director/Chief Executive Officer of Fauji Foundation.

Published 09 Apr, 2020 12:00am

Two more die of coronavirus in Sindh, says Murad

Sindh Chief Minister Syed Murad Ali Shah, giving his regular video briefing to the people of the country in general and Sindh in particular, said that during the last 24 hours two more patients of the coronavirus died while 50 new cases were detected.

Published 09 Apr, 2020 12:00am

Letters

Financial anomalies in the making

The coronavirus pandemic is impacting economies around the world. The IMF recently declared that we are now facing a recession. Pakistan has witnessed a substantial economic slowdown and while the government is playing its part to aid the population, it i

Published 09 Apr, 2020 12:00am

Articles

Stayhome Gulf influencers take the glamour factor indoors

From extravagant trips to the Amalfi Coast and sunset photoshoots on Dubai's beaches to an almost complete lockdown - the coronavirus has forced the Gulf's social media "influencers" indoors but hasn't lowered their glamour factor.

Published 09 Apr, 2020 12:00am

Articles

Corona, faith and science

The spread of a virus named Covid-19 in this age of mass and fast communication has apparently brought faith(s) and science face to face. People of science do not believe in miracles or spiritual healing. In their world, the law of cause and effect govern

Published 09 Apr, 2020 12:00am

Articles

Self-isolated reflections: export prospects

Several years ago a zealous head of Export Promotion Bureau (EPB) decided to emblazon all EPB ads with the logo "Export or perish". His boss, the Commerce Secretary, thought that was going over the top and the logo was withdrawn.

Published 09 Apr, 2020 12:00am

Doctors need to be protected

The manner in which protesting doctors were baton charged and arrested in Quetta on Monday was simply appalling. The Balochistan government must now explain not only the manner in which the protest was handled by the police, but also what caused it in the

Updated 11 Apr, 2020 08:39am

Stimulating exports in lockdown conditions

The Sindh government must be appreciated for taking the most practical and timely steps among all provinces to contain the coronavirus. It was the first to register confirmed positive cases so naturally it had to be the first to take action. But it also r

Updated 11 Apr, 2020 08:39am

Pakistan skips Saarc countries TOs moot on Covid-19

Pakistan on Wednesday skipped the 'Trade Officials Video-Conference on Covid-19' of the SAARC countries arranged by India, saying 'such activities could only be effective if spearheaded by the SAARC Secretariat'.

Published 09 Apr, 2020 12:00am

Tree plantation campaign a step in the right direction: Cheng Xizhong

Chinese scholar Prof Cheng Xizhong hoped the decision to launch a three-month tree plantation campaign to create new jobs for daily-wage workers affected by the countrywide lockdown would prove very productive.

Published 09 Apr, 2020 12:00am

Telecommunication

Telenor launches 'Business Continuity Packages'

Telenor Business has launched "Business Continuity Packages" (BCP) to facilitate the business community during this hour of need and to ensure business continuity.

Published 09 Apr, 2020 12:00am

Coronavirus: Panel discusses draft rules of procedure

A Sub-Committee of the Parliamentary Committee on Coronavirus held its meeting in the Parliament House, here on Wednesday.

Published 09 Apr, 2020 12:00am

Brief Recordings

Service Industries Limited

Service Industries Limited (PSX: SRVI) was established in 1957 under the Companies Act, 1913 (now Companies Act, 2017) as a private limited company. Two years later in 1959 it was converted into a public limited company.

Updated 09 Apr, 2020 04:44am

15,000 Afghans repatriated through Torkham border: KP CM

Khyber Pakhtunkhwa Chief Minister Mahmood Khan has said that 15,000 Afghan nationals went back to Afghanistan through Torkham after the opening of the border to facilitate their return. He expressed these views while addressing the National Coordination C

Published 09 Apr, 2020 12:00am

Business & Economy

Business community's issues taken up with stakeholders for early resolution: MoC

Ministry of Commerce said on Wednesday that business community's issues are being taken up with the stakeholders concerned for early resolution.

Published 09 Apr, 2020 12:00am

Business & Economy

Movement of Afghan-bound cargo trucks, containers allowed thrice a week

Pakistan on Wednesday decided to allow the Afghanistan-bound cargo trucks and containers thrice a week - Monday, Wednesday and Friday - from tomorrow (Friday) on "humanitarian grounds".

Published 09 Apr, 2020 12:00am

Violation of SOPs: Fruit, vegetable market may become source of virus spread

The Islamabad wholesale fruit and vegetable market, which is one of the main markets in the region, may turn into a big source for the spread of coronavirus as its management has failed to enforce the standard operating procedures (SOPs) devised for contr

Published 09 Apr, 2020 12:00am

CCP chairperson's case: IHC rejects government plea to stay single bench verdict

Islamabad High Court (IHC) Wednesday rejected the government's plea to grant stay against a single bench's verdict, which had set aside the termination orders of the chairperson and members of the Competition Commission of Pakistan (CCP).

Published 09 Apr, 2020 12:00am

ECP decides to have its own offices in various districts

The Election Commission of Pakistan (ECP) has decided to have its offices constructed in the various districts across the country where the ECP has its own plots, and to acquire plots in the districts where the electoral body does not have real estate pro

Published 09 Apr, 2020 12:00am

Chinese co donates Rs5m to PM's Covid-19 Fund

President of Zonergy Company Limited of China Richard J. Guo, Vice President Kevin Qiu, General Manager Li Kan from China Machinery Engineering Corporation (CMEC) called on Prime Minister Imran Khan on Wednesday and donated Rs5 million to the PM's COVID-1

Published 09 Apr, 2020 12:00am

Flight carrying 136 stranded Pakistanis from BD arrives

A special flight of the Pakistan International Airlines (PIA) carrying 136 stranded Pakistanis from Baghdad has arrived here. The passengers include disabled persons, women, children, and elderly.

Published 09 Apr, 2020 12:00am

Covid-19 cases surge to 4,072: NCCC

The confirmed coronavirus cases in Pakistan have surged to 4,072, the National Command and Control Centre (NCCC)'s statistics released here on Wednesday said.

Published 09 Apr, 2020 12:00am

PEIRA directs private educational institutes to cut 20 percent tuition fee

The Private Educational Institutions Regulatory Authority (PEIRA) on Wednesday directed all private educational institutes under the domain of the federal government to cut 20 percent tuition fee received during holidays due to coronavirus pandemic.

Published 09 Apr, 2020 12:00am

Covid-19: Qureshi seeks Singapore's expertise

Foreign Minister Shah Mahmood Qureshi on Wednesday sought Singapore's expertise to control the COVID-19 outbreak in the country.

Published 09 Apr, 2020 12:00am

Fight against coronavirus: Opposition MPs not satisfied with govt strategy

The opposition political parties are not satisfied with the measures taken by the government to combat Covid-19 pandemic, saying there is no unified strategy in collaboration with all the provinces to effectively take on the deadly disease.

Published 09 Apr, 2020 12:00am

Ship-breakers' body seeks financial relief package

Dewan Rizwan Farooqui, Chairman of Pakistan Ship Breakers' Association (Psba), on Wednesday sought a financial and taxation relief package, saying that this major raw material ancillary sector needs attention from the government.

Published 09 Apr, 2020 12:00am

PTI urges Sindh government to unveil lockdown strategy before 14th

Leader of the Opposition in Sindh Assembly Firdous Shamim Naqvi has asked the Sindh government to make and announce its strategy about the lockdown before April 14, and the lockdown should be relaxed after following the code of conduct regarding the coron

Published 09 Apr, 2020 12:00am

Lockdown observed in Hyderabad

A complete lockdown was observed in Hyderabad to fight the coronavirus on Wednesday. All business and social activities remained standstill. Bazaars and markets remained completely closed in the city. Only retail shops were opened till 5pm to provide nece

Published 09 Apr, 2020 12:00am

SHC acquits journalist Nasrullah Chaudhry

Sindh High Court (SHC) on Wednesday acquitted journalist Nasrullah Chaudhry in a case of possessing banned literature and overturned his sentence by ordering his release from jail.

Published 09 Apr, 2020 12:00am

Business & Economy

Ex-FPCCI chief demands special package for industries

The Secretary-General of the United Business Group (UBG) and former president of the FPCCI, Zubair Tufail, has urged Prime Minster Imran Khan to announce special incentive package for all the industries similar to the package announced recently for the co

Published 09 Apr, 2020 12:00am

Jam Kamal hails YDA's decision of calling off strike

Chief Minister Balochistan Jam Kamal Khan has welcomed the decision of Young Doctors Association for calling off their strike after successful parleys held between government team and Young Doctors Association, a Chief Minister's Secretariat statement sai

Published 09 Apr, 2020 12:00am

Qingqi rickshaws continue to defy lockdown rules

Qingqi rickshaws continue to defy the government's decision of lockdown in the provincial capital and thus they are seen on roads fully loaded with passengers even though the cases of Coronavirus are on the rise.

Published 09 Apr, 2020 12:00am

Cotton & Textile

Import of textile machinery down by 6.48pc

Pakistan's import of textile machinery scaled back to $316.316 million during July-Feb 2019-20, low by 6.48 percent, official figures say.

Published 09 Apr, 2020 12:00am

SMS being sent under Ehsaas programme: Centre urged to bear charges being deducted by mobile companies

Sindh Minister for Information, Local Government, Housing & Town Planning, Religious Affairs, Forest and Wildlife Syed Nasir Hussain Shah has said that it was extremely regrettable that mobile companies were deducting the balances of all those needy peopl

Published 09 Apr, 2020 12:00am

Business & Economy

Prolonged closure to be disastrous for economy, opines KCCI chief

KARACHI: Business and industrial community has said that the Sindh government should take notice of the situation and order the committee to notify standard operating procedures (SOPs) for the industries at the earliest while the labor department should o

Published 09 Apr, 2020 12:00am

Articles

Partly Facetious : Fielding change!

"I noted the fielding change by The Khan subsequent to the sugar and flour inquiry report, but my question is who is the spare now?"

Published 09 Apr, 2020 12:00am

Energy

Post-COVID-19 stimulus risks global coal 'lock-in'

China and other nations could be burdened with costly and environmentally damaging coal power for decades if they forge ahead with new capacity to boost their economics after the COVID-19 pandemic, research showed Wednesday.

Published 09 Apr, 2020 12:00am

Global Business Economy

France, Germany face historic economic declines

Germany and France, the EU's two largest economies, are bracing for a painful recession as the coronavirus pandemic slashes output to the lowest levels in decades, forecasts said Wednesday.

Published 09 Apr, 2020 12:00am

Global Business Economy

EU ministers fail to agree coronavirus economic rescue

European Union finance ministers failed in all-night talks to agree on more economic support for their coronavirus-stricken economies, spurring Spain to warn the bloc's future was on the line if it did not forge a joint response to the crisis.

Published 09 Apr, 2020 12:00am

Global Business Economy

Air Canada to rehire 16,500 workers

Some 16,500 Air Canada employees who were laid off because of the coronavirus pandemic will be rehired under a government relief package for businesses, the airline said Wednesday.

Published 09 Apr, 2020 12:00am

Global Business Economy

Tesco recruits 45,000 UK supermarket staff

Britain's biggest retailer Tesco has recruited more than 45,000 staff in two weeks, largely to cover supermarket workers affected by the coronavirus outbreak, it said Wednesday.

Published 09 Apr, 2020 12:00am

Money & Banking

Fed eases Wells Fargo asset cap for small business loans

The US Federal Reserve permitted Wells Fargo to boost loans to small businesses harmed by coronavirus shutdowns Wednesday amid fresh signs of trouble in the rollout of a massive aid program.

Published 09 Apr, 2020 12:00am

Watchdog blames Syria for chemical weapons attacks

The global chemical weapons watchdog on Wednesday for the first time explicitly blamed Syria for toxic attacks, saying President Bashar al-Assad's air force used the nerve gas sarin and chlorine three times in 2017.

Published 09 Apr, 2020 12:00am

Sweden rejects Trump claims over virus strategy

Sweden on Wednesday rejected claims by US President Donald Trump that its approach to containing the coronavirus was too soft and that it was "suffering" more than others.

Published 09 Apr, 2020 12:00am

Finland discovers masks bought from China not hospital-safe

Two million protective masks purchased by Finland from China have turned out to be unsuitable for use in hospitals, the Finnish government admitted on Wednesday.

Published 09 Apr, 2020 12:00am

European physics lab developing basic COVID-19 ventilator

Physics experts are working at Europe's CERN lab to create a basic ventilator for mild coronavirus sufferers and recovering patients, the facility said on Wednesday.

Published 09 Apr, 2020 12:00am

Row as EU science chief quits over virus response

A blistering row erupted Wednesday after the head of the EU's top science funding agency resigned and attacked the bloc's handling of the coronavirus crisis.

Published 09 Apr, 2020 12:00am

Fire at rebuilt Kaiser's palace in Berlin

Fire broke out Wednesday at the central Berlin site where the German imperial family's palace is being reconstructed, injuring one and sending black smoke pouring into the sky.

Published 09 Apr, 2020 12:00am

Afghan govt releases 100 Taliban prisoners

The Afghan government released 100 low-risk Taliban prisoners Wednesday, officials said, a day after the insurgents announced they were walking out of talks with Kabul.

Published 09 Apr, 2020 12:00am

US, Britain warn that hackers increasingly use coronavirus bait

US and British cybersecurity agencies warned Wednesday that foreign government-backed hacking groups are using coronavirus themes to ply their way into computers and networks.

Published 09 Apr, 2020 12:00am

Minister asks parents to deposit 20 percent less fee

Punjab School Education Minister Murad Raas on Wednesday asked parents not to deposit the fees on old vouchers and directed private schools to issue new fees vouchers with 20 percent discount as announced by the Punjab government.

Published 09 Apr, 2020 12:00am

EFP hails KE decision

Employers Federation of Pakistan has been in continued discussion with K-Electric to revisit its notice to bill consumers on average basis citing the difficulties faced by meter readers during the lockdown. The efforts of EFP paid off and KE has agreed to

Published 09 Apr, 2020 12:00am

PRGMEA for releasing ST refunds

Shaikh Mohammad Shafiq, chairman (central) of Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), and Amir Amil Khotawala, chairman (south zone), have appreciated the initiatives of Prime Minister Imran Khan in announcing the rel

Published 09 Apr, 2020 12:00am

LHC issues detailed verdict in Mir Shakil's case

The Lahore High Court has observed that no immunity from accountability is available to any person particularly when facing a charge of causing loss to the public exchequer and misuse of public power.

Published 09 Apr, 2020 12:00am

Energy

Two officials of Ranolia Hydel project suspended

Chief Executive Officer (CEO), Pakhtunkhwa Energy Development Organization (PEDO), Engineer Naeem Khan has suspended two senior officials of the 17MW Ranolia Hydel Power Project, Kohistan over the closure of the operation of the power station in violation

Published 09 Apr, 2020 12:00am

Telecommunication

Jazz pledges Rs 1.2 billion support to Covid-19 relief

Jazz, a VEON group company, has pledged Rs1.2 billion support towards the COVID-19 relief, said a press release issued on Wednesday.

Published 09 Apr, 2020 12:00am

Guidelines on how to use PPE issued

The federal government has prepared and issued detailed guidelines with the support of National Command and Operation centre (NCOC) and National Institute of Health (NIH) on use of masks and personal protection equipment (PPE) kits to ensure safety of all

Published 09 Apr, 2020 12:00am

Administration creating hurdles in running industrial units: PHMA

Some garment industrial units has started production in Lahore and Faisalabad following the government's permission in the lockdown. PHMA welcomed the decision, pledging to take strict precautionary measures directed by the government and health experts d

Published 09 Apr, 2020 12:00am

KE to resume meter-reading, on actual consumption

K-Electric (KE) has decided to resume meter reading in select areas of the city from April 9, 2020. The power utility has taken this step in consultation with the National Electric Power Regulatory Authority (NEPRA) after considering customers' demands an

Published 09 Apr, 2020 12:00am

Covid-19 outbreak: NA speaker urges religious scholars to create awareness among followers

National Assembly Speaker Asad Qaiser has stressed upon the religious scholars and ulema to play their role in creating harmony and awareness among their followers for countering the challenges posed by the deadly coronavirus pandemic.

Published 09 Apr, 2020 12:00am

Commodities

Dalian iron ore futures close at lowest in two weeks

Dalian iron ore futures closed more than 2% lower on Tuesday, a two-week low, as overseas demand for the steelmaking ingredient took a hit due to the coronavirus pandemic.

Published 09 Apr, 2020 12:00am

Commodities

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,278.

Published 09 Apr, 2020 12:00am

Commodities

European wheat little changed despite US price falls

European wheat was little changed on Tuesday as the market weighed up the positive factors of brisk short-term export demand and dry weather in Europe against good US wheat crop conditions which pushed Chicago futures lower.

Published 09 Apr, 2020 12:00am

Commodities

CBOT corn futures rise on short covering

Chicago corn futures prices gained traction on Tuesday as energy prices firmed earlier in the session, a bit of relief from seven days of consecutive losses that plunged corn prices to 3-1/2 year lows, traders said.

Published 09 Apr, 2020 12:00am

Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 112,390 tonnes of cargo comprising 68,840 tonnes of import cargo and 43,550 tonnes of export cargo including 7,592 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.

Published 09 Apr, 2020 12:00am

Cotton & Textile

Cotton spot rate remains unchanged

The official spot rate was unchanged as there was no physical activity seen on the cotton market these days due to lockdown to tackle with the coronavirus, some sealers said on phone on Wednesday.

Published 09 Apr, 2020 12:00am

Commodities

Canadian canola futures fall

ICE Canadian canola futures fell on Tuesday.

Published 09 Apr, 2020 12:00am

Energy

US natural gas futures jump to three-week high

US natural gas futures jumped for a third day in a row to a three-week high on Tuesday on a confirmation of forecasts for cooler weather and higher heating demand next week.

Published 09 Apr, 2020 12:00am

Stocks

Gulf stocks mixed, Saudi index edges up

Stock markets in the United Arab Emirates backtracked from two sessions of gains on Wednesday as investors fled risk on coronavirus fears, while Saudi equities edged up ahead of an OPEC+ meeting on output cuts.

Published 09 Apr, 2020 12:00am

Stocks

FTSE 100 retreats as insurers, Tesco take hit

Britain's FTSE 100 pulled back on Wednesday, as a rising global death toll crushed hopes that the coronavirus crisis was subsiding, while insurers took a hit over halts in dividend payments and Tesco warned of a surge in costs.

Published 09 Apr, 2020 12:00am

Stocks

China shares lower

Chinese shares pulled back on Wednesday after a doubling of new coronavirus infections in mainland China highlighted continued risks posed by the pandemic, even as Wuhan, the Chinese city at the heart of the outbreak, ended its lockdown.

Published 09 Apr, 2020 12:00am

Stocks

Wednesday's early trade: Wall Street climbs

Wall Street rose on Wednesday on hopes the coronavirus outbreak in the United States was close to its peak and expectations that Congress will inject hundreds of billions more in the battered economy.

Published 09 Apr, 2020 12:00am

Stocks

Wall Street falls

Wall Street fell on Tuesday, as a drop in oil prices steepened in the latter stages of the session and erased early gains built on tentative signs that coronavirus outbreaks in some of the biggest US hot spots may be leveling.

Published 09 Apr, 2020 12:00am

Money & Banking

SE Asian stocks largely down

Most Southeast Asian stock markets closed lower on Wednesday as a mounting death toll from the global coronavirus outbreak prompted investors to book profits after sharp gains earlier this week.

Published 09 Apr, 2020 12:00am

Money & Banking

European shares inch up

European stock markets inched higher to post a third straight day of gains of Wednesday, tracking a rally on Wall Street, but sentiment remained fragile with all eyes on whether euro zone finance ministers will agree an economic rescue package.

Published 09 Apr, 2020 12:00am

Money & Banking

Most Asian currencies slip

Most Asian currencies slipped against the dollar on Wednesday, with the Indonesian rupiah leading the pack, as a rising global death toll from the novel coronavirus soured risk sentiment.

Published 09 Apr, 2020 12:00am

Money & Banking

Range-bound sterling gains against dollar

Sterling gained ground against the dollar on Wednesday as the US currency's rally eased a touch, and on news that British Prime Minister Boris Johnson was in "clinically stable" condition after being rushed into intensive care.

Published 09 Apr, 2020 12:00am

Money & Banking

Early trade in New York: Dollar drifts higher

The US dollar edged higher on Wednesday in choppy trading, attracting safe-haven bids, as optimism faded that the coronavirus crisis may be nearing a peak and investor concerns remained over the economic fallout of the pandemic.

Published 09 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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