News Archives for Print - 2020-04-12

Print - 2020-04-12

Two girls among six wounded in Indian firing along LoC: DG ISPR

Indian troops resorted to unprovoked firing along the Line of Control (LoC) during the last 24 hours using artillery and heavy mortars and seriously wounded several civilians, Director-General (DG) Inter-Services Public Relations (ISPR) Major-General Baba

Published 12 Apr, 2020 12:00am

US commander and Taliban discuss violence reduction

The commander of US forces in Afghanistan met Taliban leadership in Doha to discuss the need to reduce violence in the war-torn country, spokesmen for both sides said on Saturday, as continued clashes threaten to derail a fragile peace process.

Published 12 Apr, 2020 12:00am

EU puts anti-dumping duties on stainless steel from China, Indonesia and Taiwan

The European Commission has imposed provisional anti-dumping duties on some stainless steel products from China, Indonesia and Taiwan, according to the official EU journal, nearly eight months after launching a probe into low-price imports.

Published 12 Apr, 2020 12:00am

India to extend world's largest pandemic lockdown for two weeks

India's Prime Minister Narendra Modi is set to extend the world's biggest pandemic lockdown for two weeks, state ministers said after talks Saturday on the growing fallout in the country.

Published 12 Apr, 2020 12:00am

Wheat harvesting: Punjab govt allows opening of tractor workshops, spare parts shops

The Punjab government has decided to allow tractor workshops and spare parts shops to be operational in the province to facilitate farmers during the wheat crop harvesting.

Published 12 Apr, 2020 12:00am

Affected alleys in 11 Karachi UCs sealed

The Sindh government withdrew its decision to cordon off several areas in District East, less than six hours after ordering them sealed.

Published 12 Apr, 2020 12:00am

Raiwind, other Lhr areas sealed

Fearing local transmission of virus after the emergence of dozens of coronavirus cases, the Lahore Administration Saturday sealed Raiwind and several other areas of the provincial capital.

Published 12 Apr, 2020 12:00am

Implementation of incentives for construction industry Govt mulling promulgating law

The federal government is planning to promulgate a Tax Laws (Amendment) Ordinance, 2020 to implement the tax incentives package for the construction industry including immunity from disclosing the source of investment made in future projects to be execute

Published 12 Apr, 2020 12:00am

Focus on early disbursement of RFI: Sanchez

The focus of both International Monetary Fund (IMF) and government of Pakistan is on early disbursement of Rapid Financing Instrument (RFI) to deal swiftly with the emerging challenges on account of coronavirus (COVID-19), however, commitments to the Exte

Published 12 Apr, 2020 12:00am

Billions mark Easter in lockdown: US reports highest daily virus toll

The United States became the first country to report more than 2,000 coronavirus deaths in a single day, marking a grim milestone as huge swathes of the globe celebrated the Easter holiday weekend under lockdown from home.

Published 12 Apr, 2020 12:00am

Final decision about Hajj by mid Ramadan: Qadri

Minister for Religious Affairs and Interfaith Harmony Sahibzada Noor- ul-Haq Qadri Saturday said the decision about holding or cancellation of the annual Hajj pilgrimage would be taken by mid Ramadan. In a statement, he said the ministry was in close cont

Published 12 Apr, 2020 12:00am

5,591 unpaid pensioners Wasim demands Rs 3 billion

Karachi Mayor Wasim Akhtar has written a letter to Prime Minister Imran Khan asking him to approve a bailout package of Rs3 billion for 5,591 unpaid pensioners.

Published 12 Apr, 2020 12:00am

IPPs preparing themselves for hard times ahead?

The Independent Power Producers (IPPs) are said to be preparing themselves to face a hard time ahead fearing the government will use all tools available to it to recover over Rs 100 billion from them under the garb of much-awaited inquiry report prepared

Published 12 Apr, 2020 12:00am

PBC says accords 'conditional' welcome to SBP's payroll subsidy

The Pakistan Business Council (PBC) says it appreciates the intent behind the State Bank of Pakistan's Refinance Scheme for Payment of Salaries to the Workers and Employees of Business Concerns, which aims to help sustain employment for three months: Apri

Published 12 Apr, 2020 12:00am

Budget 2020-21: There is no room for additional taxation: Pasha

There is no room for additional taxation in the next budget as an additional taxation of Rs735 billion in the current budget has already ruined the economy, said renowned economist Dr Hafiz Pasha.

Published 12 Apr, 2020 12:00am

VOA pushes back against White House 'propaganda' criticism

Publicly-funded US broadcaster Voice of America has rubbished criticism from the White House that it is promoting Chinese "foreign propaganda" on the coronavirus pandemic.

Published 12 Apr, 2020 12:00am

Covid-19 outbreak: 13,000 health facilities to collect surveillance data, SC informed

The federal government has informed the apex court that 13,000 health facilities across the country have been entrusted with collecting surveillance data about the outbreak of the COVID-19.

Published 12 Apr, 2020 12:00am

Kabul turns down request to hand over Farooqi

Afghanistan has turned down Pakistan's request to hand over Aslam Farooqi, a terrorist leader of the ISIS-Khorasan, for being involved in anti-Pakistan activities, and instead insisted that in the absence of any extradition treaty between the two countrie

Published 12 Apr, 2020 12:00am

Bangladesh executes killer of founding leader

Bangladesh has executed a military captain less than a week after he was arrested after nearly 25 years on the run over the assassination of the country's founding leader, a minister said Sunday.

Published 12 Apr, 2020 12:00am

Letters

Zakat and Ushr - A laudable effort

Zakat is one of the five pillars of Islam and its significance cannot be doubted, nor ignored. It goes without saying that the outbreak of COVID-19 being faced by countries globally calls for us to unite as a nation and come together help our fellow citiz

Published 12 Apr, 2020 12:00am

Articles

Drowned out by pandemic, a muted victory for Joe Biden

Barack Obama celebrated the kickoff of his "historic" White House challenge before thousands of ecstatic supporters. Hillary Clinton also marked her "milestone," as the first woman nominee of a major US party, to thunderous applause.

Published 12 Apr, 2020 12:00am

Articles

Coronavirus and global financial crisis: Emerging and developed economies move

From the start of 2020, coronavirus (COVID-19) confirmed cases are rapidly growing around the globe. This pandemic started in China and in the last seventy days the total number of infected people worldwide enlarged up to 1.5 million. Latest updates from

Published 12 Apr, 2020 12:00am

Articles

Lockdown dilemma

We live in a guess world. It's a health crisis and there is no scientific study to tell when the COVID spread is going to be over. In countries like Pakistan, the situation is even worse where testing is limited and unknown is bigger. Therefore, it is har

Published 12 Apr, 2020 12:00am

Human rights bodies on Kashmir situation

As occupied Jammu and Kashmir remains under strict lockdown for the ninth consecutive month disrupting lives, detection of several Covid-19 cases in the troubled region have given rise to fears about the spread of the contagion. In an important developmen

Updated 14 Apr, 2020 09:30am

Prompt response

Even when coronavirus seems to have humbled mighty powers such as the US and China, the Indian establishment's jingoistic remains untamed. On Thursday, it launched a surveillance drone into Azad Jammu & Kashmir, only to be shot down promptly. According to

Updated 14 Apr, 2020 09:31am

Lal Shahbaz Qalandar's annual Urs cancelled

The Sindh government has cancelled the annual Urs of Sufi saint Lal Shahbaz Qalandar that was scheduled to start from April 12.

Published 12 Apr, 2020 12:00am

Failure of Hyderabad district administration: Lockdown-hit people face skyrocketing prices of essential commodities

The prices of most essential commodities, especially seasonal vegetables and fruits continue to rise unabated in the Hyderabad city at the crucial time of lockdown due to the absence of an efficient and effective price control mechanism.

Published 12 Apr, 2020 12:00am

Business & Economy

Industrial community welcomes refinance scheme

The Industrial community has welcomed "Refinance Scheme" to protect industrial workers from unemployment.

Published 12 Apr, 2020 12:00am

MPC demands joint session of parliament to deal with Covid-19 outbreak

A multi-party conference (MPC), sponsored by Qaumi Watan Party (QWP) demanded the joint session of the parliament to thrash out a strategy to fight the Covid-19 outbreak.

Published 12 Apr, 2020 12:00am

Business & Economy

APTMA urges govt to rethink anti-layoffs strategy

Terming the recently announced industry supporting package insufficient , All Pakistan Textile Mills Association (APTMA) has urged the government to rethink its entire scheme meant to avoid layoffs at this difficult time.

Published 12 Apr, 2020 12:00am

Ex-PML-N's MNA contracts coronavirus

Former member of National Assembly (MNA) of Pakistan Muslim League-Nawaz (PML-N) Babar Nawaz Khan has tested positive for coronavirus. Babar Nawaz was tested for the virus at District Headquarters Hospital (DHQ) when he showed serious symptoms of the dise

Published 12 Apr, 2020 12:00am

Khawaja brothers meet Parvez Elahi

Pakistan Muslim League-Nawaz (PML-N) leaders MNA Khwaja Saad Rafique and MPA Khwaja Salman Rafique called on Speaker Punjab Assembly Ch Parvez Elahi at his residence here on Saturday and felicitated him on bringing all parties together for protection and

Published 12 Apr, 2020 12:00am

First consignment of ADB-funded supplies arrives

Pakistan received first ADB-funded emergency medical equipment and supplies to combat Covid-19, said a press release issued on Saturday.

Published 12 Apr, 2020 12:00am

Covid-19 outbreak: Former judge writes letter to UN criticising powerful countries

The United Nations (UN) has received a letter from a former judge from Pakistan stating that the global outbreak of coronavirus is a reaction of nature against the conduct, action and behaviour of the powerful and strong countries towards small and weak c

Published 12 Apr, 2020 12:00am

DC visits financial assistance centres

The Deputy Commissioner Faisalabad Muhammad Ali, along with Federal Parliamentary Secretary for Railways Mian Farrukh Habib, SSP Operations Syed Ali Raza and senior officers of the Pak Army on Saturday visited various centres set up to distribute financia

Published 12 Apr, 2020 12:00am

Over 81.79 percent industrial units still closed owing to lockdown

Over 81.79 percent industrial units located in different industrial estates in the province are still closed because of lockdown announced by the government to fight against the coronavirus.

Published 12 Apr, 2020 12:00am

NA committees' meetings to resume through video links

The National Assembly Speaker, Asad Qaiser, has resumed all committee meetings of the National Assembly through video links to continue legislative business of the House.

Published 12 Apr, 2020 12:00am

Firdous wards off Gill challenge?

The special assistant to the prime minister on information and broadcasting Dr Firdous Ashiq Awan has reportedly conveyed her serious concerns to the Prime Minister after strong rumours surfaced that Dr Shahbaz Gill was moving from pillar to post to be ap

Published 12 Apr, 2020 12:00am

Business & Economy

President PBIF calls for stabilizing exchange rates

President Pakistan Businessmen and Intellectuals Forum minister Mian Zahid Hussain has said that steps should be taken to stabilize exchange rates otherwise it will add to debt and inflation while the business community will find it hard to plan for the f

Published 12 Apr, 2020 12:00am

Business & Economy

KCCI urges govt to formulate across-the-board incentive package

President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has urged the government to formulate an across-the-board incentive package encompassing all the sectors of trade and industry in order to stimulate the economy so as to minimi

Published 12 Apr, 2020 12:00am

Business & Economy

Daraz opens international payment gateways for overseas Pakistani donors

Daraz has opened up international payment gateways to enable overseas Pakistanis to donate to non-profit organizations and support daily-wage earners and families in the underserved areas of Pakistan as they cope with the impact of Corona Virus.

Published 12 Apr, 2020 12:00am

Business & Economy

General Tyre willing to drive agriculture civilities

A tyre manufacturer has sought Sindh government's help to play its pivotal role for the support of agriculture and other related activities to ensure food security in the country.

Published 12 Apr, 2020 12:00am

Business & Economy

CPEC: Unit price of Chinese, Pakistani labourers needs to be rationalized: PC

The Planning Commission of Pakistan has identified huge disparity in unit prices of Chinese skilled labourers and that of Pakistani labourers in ML-I project in China-Pakistan Economic Corridor (CPEC).

Published 12 Apr, 2020 12:00am

Cotton & Textile

Faster System fails to disburse refunds within 72 hours: TMA

Towel Manufacturers Association (TMA) has said that the newly introduced Faster System has become totally failure to disburse refunds within 72 hours as promised by the government.

Published 12 Apr, 2020 12:00am

Supermarket, customers looted in Karachi

A supermarket was robbed in broad daylight in Paposh Nagar area of the metropolis by armed men on Saturday. Five men entered the super market and cleaned out the cash register.

Published 12 Apr, 2020 12:00am

Business & Economy

BMP suggests steps to recover Covid-19 hit economy

Secretary General (Federal) of the Businessmen Panel (BMP), Ahmad Jawad said in light of the recent COVID-19 pandemic which has devastated not only the social fabric of the society but also the economies of the world, Pakistan is no exception.

Published 12 Apr, 2020 12:00am

Business & Economy

PIA plane carrying 17.2 tons of relief goods arrives from China

Another special plane of the Pakistan International Airlines (PIA) carrying 17.2 tonnes of relief goods from Chengdu, China arrived here on Saturday.

Published 12 Apr, 2020 12:00am

Survey in twin cities: Lockdown not interrupted supplies to pharmacies except anti-malarial drug

The nationwide lockdown imposed by the government following outbreak of coronavirus has not interrupted supply of general medicine to pharmacies except anti-malarial drug, - chloroquine phosphate or hydroxychloroquine (HCQ), causing problems for many pati

Published 12 Apr, 2020 12:00am

2,410 corona cases confirmed in Punjab: Buzdar for strict implementation of lockdown in province

While there is no let up in corona positive cases, the Punjab government has decided to intensify efforts aimed at controlling the spread of virus by ensuring strict implementation of lockdown in the province.

Published 12 Apr, 2020 12:00am

Crime rate remains low in capital

Crime rate in the capital remained low for the second consecutive week as only a few cases of theft were reported; the police however, registered several cases against violators of Section 144 imposed in the wake of coronavirus outbreak.

Published 12 Apr, 2020 12:00am

Bilawal stresses global cooperation to fight off coronavirus

Pakistan People s Party (PPP) Chairman Bilawal Bhutto Zardari on Saturday said the coronavirus pandemic could only be overcome through global cooperation, as he made it clear that the rich and resourceful countries would have to help the poor nations.

Published 12 Apr, 2020 12:00am

Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items have witnessed a mixed trend during this past week as compared to the week before, a survey carried out by Business Recorder revealed here on Saturday.

Published 12 Apr, 2020 12:00am

Business & Economy

KP businessmen not to pay taxes if govt extends lockdown

Businessmen and traders in Khyber Pakhtunkhwa said they would open markets on April 15 and warned the government that they would implement a layoff plan if the government extended the ongoing lockdown in the province.

Published 12 Apr, 2020 12:00am

Civil servant 'settles for demotion' to SAPM

Muhammad Shehzad Arbab, who was forced out of the federal cabinet for refusing to be demoted in a brutal cabinet reshuffle by Prime Minister Imran Khan, accepted demotion from adviser to the prime minister to special assistant on Saturday.

Published 12 Apr, 2020 12:00am

Commodities

Wheat harvesting in KP to begin from 20th

Khyber Pakhtunkhwa (KP) Minister for Agriculture and Livestock, Mohibullah Khan has said that wheat harvesting in KP will begin in DI Khan from April 20, 2020 and in May it will continue in Mardan and Peshawar and cultivate in June in Malakand and Hazara

Published 12 Apr, 2020 12:00am

Business & Economy

What is an ETF and how it functions?

An Exchange Traded Fund (ETF) is an investment instrument that combines the tradability of shares with the investment attributes of an open-ended mutual fund. In essence, an ETF is a tradable fund that has the risk and return characteristics of a portfoli

Published 12 Apr, 2020 12:00am

A review of NAB performance under the leadership of Honourable Chairman Justice Javed Iqbal

Chairman National Accountability Bureau (NAB) took over the reins of the bureau on Oct 11, 2017. He was appointed as chairman in consensus with the than opposition and the government on merit due to his honesty, dedication and reputation of working accord

Published 12 Apr, 2020 12:00am

PIA operates five special flights for repatriation of stranded Pakistanis

PIA operated five special flights for repatriation of stranded Pakistanis in various countries due to the coronavirus pandemic, however, the decision regarding resumption of the PIA cargo flights is pending with the National Coordination Committee (NCC),

Published 12 Apr, 2020 12:00am

Twin cities: Gross violations of SOPs witnessed at grocery stores, pharmacies

Despite increase in coronavirus cases in the country, gross violations of standard operating procedures (SOPs) devised for controlling spread of the Covid-19 were witnessed on Saturday at grocery stores and pharmacies in the various markets of the twin ci

Published 12 Apr, 2020 12:00am

Purchasing power parity: Package amount less than the money doled out previously: ex-FinMin

The government relief package of Rs 144 billion in the form of emergency cash assistance to 12 million families is less in real terms as opposed to Rs 120 billion disbursed by the previous administration in 2018-19, if rupee depreciation is taken into acc

Published 12 Apr, 2020 12:00am

Country has capacity to conduct 0.1 million COVID-19 tests: Umar

Federal Minister for Planning and Development Asad Umar Saturday said that Rs13 billion have been distributed among 1.1 million people under the Ehsaas Emergency Cash Programme within past few days.

Published 12 Apr, 2020 12:00am

Ehsaas Emergency Cash Programme: Rs 13.18 billion distributed among 1.1 million people

The first phase of the federal government's ongoing drive to provide financial cash assistance of Rs12,000 each to 4.5 million less-privileged women is scheduled for completion by next week for which the federal government has already released Rs49 billio

Published 12 Apr, 2020 12:00am

Commodities

Coronavirus lockdowns stall action at top Asian gold hubs

Major physical bullion hubs saw activity dwindle this week due to coronavirus-led restrictions, with strained supply chains cut off from soaring safe-haven demand in some regions.

Published 12 Apr, 2020 12:00am

Commodities

Vietnam's coffee trade muted amid social distancing

Coffee trading in Vietnam remained muted with the country in 15 days of social distancing to fight the coronavirus, while traders in Indonesia were awaiting new beans coming in May.

Published 12 Apr, 2020 12:00am

Commodities

Little activity seen in main Asian rice trading hubs

There was little activity this week in Asia's main rice trading hubs as a coronavirus lockdown in India hampered exports, Vietnam's ban on shipments to ensure it has enough domestic supply continued while Thai rates remained at seven-year highs.

Published 12 Apr, 2020 12:00am

Cotton & Textile

Cotton spot rate depicts no change

No change was seen in the official spot rate as cotton market still closed to fight against the coronavirus, dealers said on phone on Saturday.

Published 12 Apr, 2020 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 12 Apr, 2020 12:00am

Rates

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (March 2 to 31, 2020)

Published 12 Apr, 2020 12:00am

Rates

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (April 11, 2020).

Published 12 Apr, 2020 12:00am

The Weather

The weather report on Saturday (April 11, 2020) and the forecast for Sunday (April 12, 2020).

Published 12 Apr, 2020 12:00am

Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 11, 2020).

Published 12 Apr, 2020 12:00am

Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 11, 2020)

Published 12 Apr, 2020 12:00am

Money & Banking

THE RUPEE: Upward trend

The rupee maintained overnight level against the dollar on Saturday in the process of trading activity, dealers said.

Published 12 Apr, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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