News Archives for Print - 2020-04-10

Print - 2020-04-10

Stocks

KSE-100 Index jumps 866.03 points: BRIndex100 reassembles

Pakistan Stock Exchange Thursday closed on strong positive note with healthy gains on the back of aggressive buying, mainly by local investors.

Published 10 Apr, 2020 12:00am

Fed rolls out $2.3 trillion to backstop 'Main Street,' local governments

The US Federal Reserve on Thursday rolled out a broad, $2.3 trillion effort to bolster local governments and small and mid-sized businesses in its latest move to keep the US economy intact as the country battles the coronavirus pandemic.

Published 10 Apr, 2020 12:00am

$1.4 billion loan under RFI: IMF to consider request on April 16

The International Monetary Fund (IMF) Executive Board is scheduled to meet on April 16, to consider Pakistan's request for $1.4 billion loan under the Rapid Financing Instrument (RFI).

Published 10 Apr, 2020 12:00am

PM underscores need for greater unity

Prime Minister Imran Khan Thursday said the whole world was confronted with an unprecedented situation after the outbreak of COVID-19 and the Pakistani nation would fight coronavirus with unity.

Published 10 Apr, 2020 12:00am

ADB repurposes $50 million from NDRMF to help combat COVID-19

The Asian Development Bank (ADB) has repurposed $50 million from Pakistan's National Disaster Risk Management Fund (NDRMF) to support the government of Pakistan's preventive and response efforts to fight the outbreak of the novel coronavirus (COVID-19) in

Published 10 Apr, 2020 12:00am

Rs 2.5 billion relief package to be enhanced to Rs 7 billion: Firdous

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Thursday said that Rs2.5 billion relief package had been announced, which would be enhanced to Rs7 billion.

Published 10 Apr, 2020 12:00am

Fuel adjustments in electricity bills: Deferment approved under govt relief package

The Economic Coordination Committee (ECC) of the Cabinet has approved the deferment of monthly and quarterly fuel adjustments in the electricity bills for power consumers for the next three months (till June 2020) under the government relief package.

Published 10 Apr, 2020 12:00am

Rs 12,000 assistance plan rolled out

As the federal government on Thursday started the two-week drive to distribute Rs 144 billion to financially support 12 million deserving families under Ehsaas Emergency Cash Programme, it is unclear whether this is in addition or within the Rs 190 billio

Published 10 Apr, 2020 12:00am

Diamer-Bhasha Dam: 'Lobbies' trying to wreak 'vengeance': Wapda chief

The Water and Power Development Authority (Wapda) chairman Thursday said that despite the coronavirus crisis, anti-dam lobbies and the IPPs-led foreign vested groups in Pakistan, they were now all gearing up for a 'crack' at Diamer-Bhasha Dam, which would

Published 10 Apr, 2020 12:00am

Cut in IPPs' capacity charges: MoF told to design structure for synthetic financing

The Cabinet Committee on Energy (CCoE) has directed the Finance Ministry to design a master structure for synthetic financing to reduce capacity charges of IPPs, well-informed sources told Business Recorder.

Published 10 Apr, 2020 12:00am

PPEs only meant for those treating patients: Zafar

The Special Assistant to the Prime Minister on National Health and Regulations, Dr Zafar Mirza, Thursday again urged health professionals of rational use of personal protective equipments (PPEs) stressing that the PPEs were only meant for medics treating

Published 10 Apr, 2020 12:00am

Sindh CM's brother-in-law dies

Brother-in-law of the Chief Minister Sindh Syed Murad Ali Shah on Thursday passed away in Karachi after suffering from coronavirus disease, Aaj News reported.

Published 10 Apr, 2020 12:00am

Virus penetrates Karachi slums

Sindh Chief Minister Syed Murad Ali Shah has said that despite his serious efforts and strict containment policy, the coronavirus has finally penetrated into the slums because the slum dwellers failed to maintain social distancing as was advised by expert

Published 10 Apr, 2020 12:00am

Army shoots down Indian drone

Pakistan shot down a small Indian surveillance drone in Kashmir.

Published 10 Apr, 2020 12:00am

Overseas Pakistani Savings Bills rules issued

The Finance Division has issued Overseas Pakistani Savings Bills rules, and the bills will be issued in both Pak rupees and USD or any other currency as may be notified by the division from time to time.

Published 10 Apr, 2020 12:00am

Flour mills involved in malpractices: no action initiated

The Punjab Government has reportedly not initiated any action against "mighty" flour mills involved in malpractices as "indentified" by the Inquiry Committee and just penalized a couple of senior officials at federal and Punjab levels who have good reputa

Published 10 Apr, 2020 12:00am

Armed group robs Mexican gold mine, flees in plane

An armed group stormed a gold mine in northern Mexico and stole bars of gold and silver alloy before fleeing in a light aircraft, mine operator Minas de Oro Nacional said.

Published 10 Apr, 2020 12:00am

Operationalistion of Greenline BRTS project: Rs 5.316 billion to be arranged from foreign resources

The government will arrange Rs5.316 billion from foreign resources for "Operationalistion of Greenline BRTS & Installation of Integrated Intelligent Transport System Equipment" project.

Published 10 Apr, 2020 12:00am

Stockbrokers send out an SOS

Keeping in view the devastating impact that COVID-19 has brought to the stock brokerage fraternity and capital market investors, PSX Stockbrokers Association (PSA) has requested the federal government to take immediate and timely action in order to save b

Published 10 Apr, 2020 12:00am

'Government must act to help stabilize stock market'

M. Bashir Janmohammad, Chairman Westbury Group of Companies and Chancellor-Institute of Business Management (IoBM), has issued the following statement:

Published 10 Apr, 2020 12:00am

Businesses and enterprises: Online integration with FBR's computer system to be made mandatory

The Federal Board of Revenue (FBR) will make it mandatory for different categories of integrated businesses and enterprises including hospitals, hotels/restaurants, medical practitioners/consultants, courier/cargo services, pathological laboratories, heal

Published 10 Apr, 2020 12:00am

'Ehsaas Emergency Cash Programme': Re1+tax to be charged on each SMS service

In view of coronavirus (Covid-19) pandemic, SMS service under the Benazir Income Support Programme (BISP) "Ehsaas Emergency Cash Programme" for each SMS sent on 8171 only Rs1+tax shall be charged, said a press release issued on Thursday.

Published 10 Apr, 2020 12:00am

Bilawal asks Sindh government to be ready for 'worst' scenario

Pakistan Peoples' Party (PPP) Chairman Bilawal Bhutto Zardari has directed the Sindh government to prepare itself for the worst scenario while dealing coronavirus pandemic in the province.

Published 10 Apr, 2020 12:00am

SBP's reserves slip below $11 billion

The State Bank of Pakistan's foreign exchange reserves reached below $11 billion, mainly due to massive external debt payment.

Published 10 Apr, 2020 12:00am

Letters

Rise in coronavirus cases

The number of coronavirus positive cases in the country is nearly 5,000 mark. However, it is pertinent to note that the Prime Minister Imran Khan has said the biggest challenge for the government after the lockdown has been how to provide relief to the vu

Published 10 Apr, 2020 12:00am

Articles

JPMorgan looking to offload Saudi and UAE sovereign fund loans

JPMorgan is seeking to sell at a discount loans raised by the sovereign wealth funds of Saudi Arabia and the United Arab Emirates, according to two sources and a document, as banks brace for a borrowing spree in the Gulf due to low oil prices.

Published 10 Apr, 2020 12:00am

Articles

Economic crisis in developing countries: some solutions

While the developed countries are feeling the heat in terms of meeting public-health needs with regard to COVID-19, the developing countries were a lot less prepared for the pandemic. With narrow social safety net programmes, both in terms of coverage and

Published 10 Apr, 2020 12:00am

Articles

Incentive-package for construction industry: Amnesty, tax breaks & multiple reliefs

The Prime Minister of Pakistan, Imran Khan, in a Press conference on April 3, 2020, announced what is termed by official quarters as a "comprehensive relief/stimulus package" for the construction sector-also given the status of industry. At the time of wr

Published 10 Apr, 2020 12:00am

The shoe now is on the other foot

Prime Minister Imran Khan's consistent theme in opposition and after coming to power in 2018 has been the eradication of corruption. How embarrassing then for him and his Pakistan Tehreek-i-Insaaf (PTI) government, to have its own ministers and allies nam

Updated 11 Apr, 2020 08:40am

Public debt escalation

State Bank of Pakistan's (SBP's) recently released statistics on public debt are disturbing as they show a significant escalation at odds with the repeated pledge made by Prime Minister Imran Khan when in opposition that if he is swept to power his admini

Updated 11 Apr, 2020 08:40am

Navy extending humanitarian assistance during lockdown

Pakistan Navy is extending nationwide humanitarian assistance to aggrieved families during current coronavirus pandemic and distributed food/commodities & Personal Protective Equipment at various cities/towns and hospitals across Pakistan. Thousands of ra

Published 10 Apr, 2020 12:00am

Australian FM briefed on PM's call for providing relief to developing countries

Foreign Minister Shah Mahmood Qureshi held a telephone conversation with his Australian counterpart Marise Payne Thursday and discussed the COVID-19 pandemic, as well as other issues of mutual interest, the Foreign Office said.

Published 10 Apr, 2020 12:00am

Business & Economy

SCCI seeks three-month waiver on utility bills

President of the Sarhad Chamber of Commerce and Industry, Maqsood Anwar Pervaiz, has appealed to the government to waive electricity and gas bills of industrial and commercial consumers for at least three months.

Published 10 Apr, 2020 12:00am

Pakistan pledges $3 million to Saarc Covid-19 Emergency Fund

Pakistan on Thursday pledged US $3 million towards the SAARC Covid-19 Emergency Fund to support regional efforts in the fight against the pandemic, making it the third largest contributor to the initiative, proposed by Indian Prime Minister Narendra Modi.

Published 10 Apr, 2020 12:00am

Coronavirus tally soars to 33 in AJK

With five new cases of coronavirus in Azad Kashmir, the number of confirmed patients has jumped to 33 in AJK on Thursday. AJK Health Minister Dr Najeeb Naqi said one case was reported in Abbaspur and four others were detected in Palandari.

Published 10 Apr, 2020 12:00am

Energy

LPG industry to observe strike on April 11

Liquefied Petroleum Gas (LPG) Industries Association of Pakistan has announced to go on strike on April 11 in a protest against less profit margin and high transportation cost of the commodity.

Published 10 Apr, 2020 12:00am

Afghan ambassador summoned to FO: Kabul urged to handover ISIS-Khorasan leader to Pakistan

Pakistan urged Afghanistan to hand over Aslam Farooqi, a leader of the ISIS-Khorasan terrorist outfit who is currently in the custody of the Afghan government, for being involved in anti-Pakistan activities from the neighbouring country.

Published 10 Apr, 2020 12:00am

People continue to flout corona protection guidelines

Despite the imposition of lockdown across Pakistan by the federal and provincial governments to curb the spread of coronavirus, it has been observed that people are not fully cooperating with the authorities in this regard.

Published 10 Apr, 2020 12:00am

Twin cities witness huge rush of motorists despite lockdown

Despite sharp increase in the number of coronavirus cases in the country, huge rush of motorists was witnessed on various roads of the twin cities of Rawalpindi and Islamabad in violation of lockdown imposed by the administration to control spread of the

Published 10 Apr, 2020 12:00am

Afghanistan releases 100 more Taliban prisoners

Afghanistan government on Thursday released another 100 Taliban prisoners in a bid to encourage the Taliban to comeback to the negotiation table, taking the total number to 200 of the freed prisoners in two days, however; the armed group is yet to respond

Published 10 Apr, 2020 12:00am

Business & Economy

Relief to consumers: Government urged to take notice of Hesco's violation

Senior Vice Chairman Hyderabad SITE Association of Trade and Industry Amir Shahab has slammed the injustices being carried out by the management of Hyderabad Electric Supply Company and demanded the federal energy minister to take serious notice of violat

Published 10 Apr, 2020 12:00am

Money & Banking

Ehsaas Programme: HBL to disburse Rs 90 billion among 7.5 million beneficiaries

Habib Bank Limited (HBL) will disburse Rs 90 billion among 7.5 million beneficiaries under Ehsaas Emergency Cash Program. This program has been launched by the government of Pakistan to support the daily wage earners and piece-rate workers resulting from

Published 10 Apr, 2020 12:00am

METRO Pakistan donates 2,500 protective suits

METRO Pakistan under its program "Care & Share" is supporting Government of Pakistan in the fight against COVID-19 by donating 2,500 high-quality, full-body protective suits.

Published 10 Apr, 2020 12:00am

Coronavirus self-assessment mobile app launched in Pakistan

A mobile application, "CoronaCheck", that allows users to conduct self-assessment at home was launched here on Thursday by the Aga Khan University Hospital (AKUH).

Published 10 Apr, 2020 12:00am

Steep rise in temperature expected by April's end: Met

The Met Office has forecast a steep rise in daytime temperature by April end across plains of the country, as hailstorms may have a negative impact on crops.

Published 10 Apr, 2020 12:00am

Engro Fertilizers sets up quarantine facility

Engro Fertilizers has converted its Technical Training College (TCC) Daharki into a 60-bed quarantine facility as part of ongoing efforts to support the district authorities and Daharki community amid the coronavirus outbreak.

Published 10 Apr, 2020 12:00am

UAF asks students to attend online classes regularly

University of Agriculture Faisalabad (UAF) management will not give any latitude to the students of aberrant behavior with respect to their absence from the online classes.

Published 10 Apr, 2020 12:00am

Business & Economy

PBC recommends reduction in policy rate to 7 percent

Pakistan Business Council (PBC) has recommended further reduction in the Policy Rate from the current 11 percent to 7 percent in order to boost economic activities in the backdrop of ailing economy because of the COVID-19 pandemic.

Published 10 Apr, 2020 12:00am

Netflix introduces new parental control tools

Media content provider Netflix has introduced number of new parental control tools for their global subscribers including Pakistan, said a press release issued on Thursday.

Published 10 Apr, 2020 12:00am

Pakistan, China to celebrate 70 years of bilateral diplomatic relations: envoy

Pakistan and China will celebrate the 70th anniversary of the establishment of bilateral diplomatic ties next year and this will be a special moment to celebrate past achievements and renew the pledge to take their friendship to new heights, Pakistan Amba

Published 10 Apr, 2020 12:00am

Six bogies of goods train derailed

Six bogies of a freight train were derailed near Baloch Colony, causing suspension of cargo train service for at least five hours, however no injury or loss of life reported. Pakistan Railways officials said that the down train was coming from Lahore when

Published 10 Apr, 2020 12:00am

Business & Economy

foodpanda's monetary help for riders' fleet

A lockdown has been imposed in Sindh from 23rd March, causing millions to stay indoors including daily wagers, during the outbreak of coronavirus (COVID-19). Considering the rise of COVID-19 cases across the country, foodpanda, stands by its heroes during

Published 10 Apr, 2020 12:00am

Cotton & Textile

Some garment industries start production in Lahore, Faisalabad

Some garment industries have started production in Lahore and Faisalabad following the government's permission in the lockdown.

Published 10 Apr, 2020 12:00am

Tevta goes digital by offering e-learning facility through ESC

Technical and Vocational Training Authority (TEVTA) goes digital for the first time in its history by offering e-learning facility, under the banner of "Khushhal Puraman Pakistan", said Ali Salman Siddique, Chairperson TEVTA, on the occasion of the launch

Published 10 Apr, 2020 12:00am

KP government to increase regional diagnostic centres: minister

Khyber Pakhtunkhwa government has worked out plan to increase the number of diagnostic centers on a regional basis, in addition to increase medical facilities for Corona patients, KMU can contribute a leading role based on their experience to meet this pa

Published 10 Apr, 2020 12:00am

More children being brought to ChildLife ERs due to OPDs closure across Sindh

Due to the closure of small clinics and regular OPDs in most health facilities of Sindh, worried parents are bringing their children to ChildLife Emergency Rooms (ERs) across Sindh for even regular cough and fever suspecting COVID-19, which is putting an

Published 10 Apr, 2020 12:00am

Money & Banking

JS Bank, clients establish Rs 110 million fund to sustain impact of Covid-19

Responding to the unprecedented challenges faced by the nation to control coronavirus (Covid-19), JS Bank has established a Rs110 million fund in association with key partners to help address the impact of the pandemic during the month of April.

Published 10 Apr, 2020 12:00am

Business & Economy

Covid-19 patients: FPCCI body voices concern over hospitals' trash disposal system

Participants of Standing Committee of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Environment meeting on Covid-19 lockdown have expressed serious concern that hospitals in Karachi had no proper trash management system in place to p

Published 10 Apr, 2020 12:00am

PIA issues schedule to repatriate Pakistanis stranded abroad

Pakistan International Airlines (PIA) has issued schedule for repatriation flights to bring back the stranded Pakistanis from abroad from April 10 to April 13.

Published 10 Apr, 2020 12:00am

Articles

Partly Facetious: Gotham city is a fictional city...

"What will happen to Gotham city if Batman and his Batmobile are no longer functional?"

Published 10 Apr, 2020 12:00am

Covid-19 threatens operational sustainability: K-Electric reports increased earnings for FY 2019

The Board of Directors (BoD) of K-Electric (KE) Limited in its meeting held on April, 09, 2020 at the KE Head Office, approved the Company's financial results for the year ended June 30, 2019. During the reporting period, around PKR 40 billion was investe

Published 10 Apr, 2020 12:00am

Business & Economy

KP business community for strategy to end lockdown

The business community of Khyber Pakhtunkhwa has urged upon both federal and provincial governments to convene a consultative meeting of all stakeholders to prepare a comprehensive strategy for ending lockdown announced in the country to prevent the outbr

Published 10 Apr, 2020 12:00am

Cotton & Textile

Tanners' body seeks relief package

Chairman, Pakistan Tanners Association (PTA), Sheikh Afzal Hussain has sought the intervention of Prime Minister Imran Khan, Advisor to PM on commerce, Abdul Razzak Dawood and Advisor to PM on finance & revenue, Abdul Hafeez Sheikh to announce "Special Re

Published 10 Apr, 2020 12:00am

IHC asks govt to file reply on removal of KPT chief

The Islamabad High Court (IHC) has directed the federal government to file a comprehensive reply on removal of Rear Admiral Jamil Akhtar (retired) as chairman Karachi Port Trust (KPT) that justify interference of maritime minister and the secretary in the

Published 10 Apr, 2020 12:00am

Brief Recordings

An interview with Tahira Raza, ex-banker and development sector specialist'Women empowerment will prove crucial in early recovery'

Tahira Raza is a well-known Karachi-based philanthropist, focused on gender empowerment. She started her career with Muslim Commercial Bank in 1975 after completing a bachelor's in Science from Peshawar University in 1974. Later, she joined First Women Ba

Updated 10 Apr, 2020 05:02am

UBS, Credit Suisse to stagger dividend

Credit Suisse and UBS, Switzerland's big two banks, announced Thursday they would pay this year's dividend in two instalments, taking into account the coronavirus pandemic.

Published 10 Apr, 2020 12:00am

Global Business Economy

France sees GDP plunging 6pc this year

The French government expects GDP to drop six percent this year because of lost business during the coronavirus lockdown, Finance Minister Bruno Le Maire said Thursday while announcing a relief plan would be more than doubled to 100 billion euros ($109 bi

Published 10 Apr, 2020 12:00am

German state halts corona aid payments over fake websites

The German state of North Rhine-Westphalia on Thursday halted emergency payments meant to help freelancers and small businesses through the coronavirus crisis after discovering fraudsters were using spoof websites to trick applicants.

Published 10 Apr, 2020 12:00am

UK extends BoE overdraft over virus crisis

The British government on Thursday expanded its overdraft with the Bank of England to help weather coronavirus turmoil.

Published 10 Apr, 2020 12:00am

Global Business Economy

US economy purged 17m jobs

US unemployment is rising at a jarring rate, with data Thursday showing 17 million have lost their jobs since mid-March, as officials scramble to apply a tourniquet to stem the damage from the coronavirus pandemic.

Published 10 Apr, 2020 12:00am

Global Business Economy

UN makes new appeal for women, hard-hit by virus job losses

The United Nations called Thursday for women to be at the heart of economic reconstruction efforts as the world grapples with fallout from the coronavirus pandemic, warning that most women face a greater risk of poverty.

Published 10 Apr, 2020 12:00am

Global Business Economy

Canada jobless rate surges to 7.8 percent due to pandemic

Canada's unemployment rate shot up to 7.8 percent last month, its biggest monthly increase in more than 40 years, as the economy bled jobs because of the coronavirus pandemic, the government said Thursday.

Published 10 Apr, 2020 12:00am

IS attack in Syria kills 18 regime forces

Islamic State group jihadists on Thursday killed at least 18 regime fighters in an attack in central Syria, a war monitor said.

Published 10 Apr, 2020 12:00am

IT & Computers

French regulator orders Google pay copyright fees to media groups

France's competition regulator said Thursday that Google must start paying media groups for displaying their content, ordering it to begin negotiations after refusing for months to comply with Europe's new digital copyright law.

Published 10 Apr, 2020 12:00am

US criticizes WHO for ignoring Taiwan virus warnings

The United States on Thursday accused the World Health Organization of putting politics first by ignoring Taiwanese warnings over China's coronavirus outbreak, laying out its case against the UN body.

Published 10 Apr, 2020 12:00am

Turkey to track virus patients with app

Turkey will introduce a smartphone application to track coronavirus patients and those they have been in contact with to ensure they remain at home in self-isolation, the presidency said Thursday.

Published 10 Apr, 2020 12:00am

UN delivers 90 tons of COVID-19 aid to Venezuela

A plane carrying 90 tons of UN health, water and sanitation aid arrived in Venezuela on Wednesday to help the cash-strapped country fight the coronavirus pandemic.

Published 10 Apr, 2020 12:00am

World faces new 'Great Depression' as virus toll mounts

World powers scrambled on Thursday to build a global response to the human tragedy and once-in-a-century economic collapse caused by the coronavirus epidemic, as death tolls in the US and Europe soared higher.

Published 10 Apr, 2020 12:00am

Commodities

CBOT soyabean futures nearly unchanged for second session

Chicago Board of Trade soyabean futures ended on Wednesday nearly unchanged for a second session, as traders jockeyed for positions ahead of a closely-watched supply and demand report.

Published 10 Apr, 2020 12:00am

Commodities

CBOT wheat down ahead of WASDE report

Chicago Board of Trade wheat futures fell Wednesday, as investors squared up positions ahead of the US Department of Agriculture's World Agriculture Supply and Demand Estimates (WASDE) report Thursday, traders said.

Published 10 Apr, 2020 12:00am

Commodities

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,765.

Published 10 Apr, 2020 12:00am

Commodities

European wheat rises on strong exports

European wheat briefly hit a more than 1-1/2 year high on Wednesday before paring gains, supported by strong export flows but with concerns about a cut in demand due to a slowdown in the economy from the coronavirus crisis capping the rise.

Published 10 Apr, 2020 12:00am

Commodities

Canadian canola futures rise

ICE Canadian canola futures edged up on Wednesday. It was a pretty uneventful day on the canola market, a trader said, adding traders are waiting for some market direction from a US Department of Agriculture (USDA) report expected Thursday. May canola gai

Published 10 Apr, 2020 12:00am

Commodities

Low river level in Argentina reduces corn and soya loading

A drop in the water level of Argentina's Parana River has forced agro-export companies to load less merchandise on ships, the local ports chamber said on Wednesday, adding a new problem to a sector beset by bottlenecks due to the coronavirus outbreak.

Published 10 Apr, 2020 12:00am

Business & Economy

Activities at Karachi and Port Qasim Ports

The Karachi Port handled 114,433 tonnes of cargo comprising 96,955 tonnes of import cargo and 17,478 tonnes of export cargo including 8,126 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Published 10 Apr, 2020 12:00am

Cotton & Textile

Farmers, growers busy in cotton sowing

Cotton growers were busy in cotton sowing in the country, hoping to achieve better production this year, while official spot rate was unchanged, market sources informed on phone on Thursday.

Published 10 Apr, 2020 12:00am

Commodities

Brazil's corn exports fall on strong domestic demand

Brazilian corn exports slumped 51% by value in the first quarter, according to data compiled by farm lobby group CNA, reflecting strong demand for livestock feed in the domestic market and a sharp reduction in inventories.

Published 10 Apr, 2020 12:00am

Commodities

China's steel futures extend gains on rising demand

Steel futures in China rose for a second consecutive session on Wednesday after the two-month lockdown in the Chinese city of Wuhan ended, raising hopes of an increase in demand as economic activities resume in the country.

Published 10 Apr, 2020 12:00am

Stocks

Saudi index up, UAE stocks mark best week in years

Saudi Arabia's stock market edged up on Thursday, ahead of an OPEC+ meeting to try and agree oil supply cuts, while shares in the United Arab Emirates registered their biggest weekly percentage gains in years.

Published 10 Apr, 2020 12:00am

Stocks

UK shares rise

Britain's stock markets looked set to post weekly gains on Thursday, as investors pinned hopes on the COVID-19 crisis nearing a peak.

Published 10 Apr, 2020 12:00am

Stocks

China stocks climb

China stocks settled higher on Thursday, tracking strength in other Asian markets on hopes the new coronavirus pandemic may be approaching a peak.

Published 10 Apr, 2020 12:00am

Stocks

Thursday's early afternoon trade: Stocks stay up on Fed's $2.3trn backstop

Wall Street rose for the third time in four days on Thursday as the US Federal Reserve rolled out a massive $2.3 trillion program to bolster local governments and businesses, while oil prices gained on expectations of a drastic cut in output.

Published 10 Apr, 2020 12:00am

Stocks

Wall Street rallies

US stock markets jumped on Wednesday on hopeful signs about the coronavirus outbreak in the United States was close to a peak, with health insurers getting an additional lift from Bernie Sanders' decision to suspend his presidential campaign.

Published 10 Apr, 2020 12:00am

Stocks

SE Asian stocks end higher

Southeast Asian stock markets tracked global equities to close higher on Thursday, with gains led by Vietnamese stocks, as investor sentiment was boosted by hopes of the coronavirus pandemic peaking and stimulus efforts by governments.

Published 10 Apr, 2020 12:00am

Stocks

European shares post best week since 2011

European stock markets gained for a fourth straight day on Thursday with sentiment propped up by the latest round of stimulus from the US Federal Reserve and on hopes the coronavirus pandemic was close to peaking.

Published 10 Apr, 2020 12:00am

Money & Banking

Aussie, kiwi up

The Australian and New Zealand dollars were holding hefty gains for the week on Thursday as markets wagered a peak for the COVID-19 pandemic could be on the horizon, even as the death toll mounted across the globe.

Published 10 Apr, 2020 12:00am

Money & Banking

Sterling rises to 3-week high

The pound climbed to a three-week high on Thursday as the dollar tumbled against its rivals after the Federal Reserve rolled out a $2.3 trillion effort to bolster local governments and small and mid-sized businesses in its latest move to support the US ec

Published 10 Apr, 2020 12:00am

Money & Banking

Early trade in New York: Dollar drops broadly after Fed launches new loan program

The dollar dropped broadly on Thursday after the Federal Reserve rolled out a $2.3 trillion effort to bolster local governments and small and mid-sized businesses in its latest move to keep the US economy intact as the country battles the coronavirus pand

Published 10 Apr, 2020 12:00am

Money & Banking

Dollar steadies in Europe ahead of US jobs data

The dollar held firm on Thursday, but selling pressure may be in store later with US jobless data due at 1230 GMT expected to show claims near record highs.

Published 10 Apr, 2020 12:00am

PDWP approves two schemes

The Provincial Development Working Party (PDWP) Punjab on Thursday approved two development schemes of two sectors' regional planning and urban development. These schemes were approved in the 42nd meeting of Provincial Development Working Party (PDWP) of

Published 10 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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