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Print - 2020-04-20
Hoarding of essential items: Government vows firm action

Hoarding of essential items: Government vows firm action

Federal Minister for Law and Justice Barrister Farogh Naseem on Sunday reiterated 'exemplary punishment' for anyone involved in hoarding of essential commodities saying the federal government is introducing an ordinance to take on the hoarders and profite
Published 20 Apr, 2020 12:00am
Covid-19 outbreak: Parliamentary body meets today

Covid-19 outbreak: Parliamentary body meets today

3rd meeting of the Parliamentary Committee on Coronavirus (COVID-19) will be held in 20th April, 2020 at 12.00 noon in Parliament House, Islamabad. Speaker National Assembly Asad Qaiser will chair the meeting.
Published 20 Apr, 2020 12:00am
Shehbaz thanks US Ambassador

Shehbaz thanks US Ambassador

PML-N President and National Assembly Opposition Leader has thanked the US Ambassador for apprising him of the expanding partnership between the United States and Pakistan in the shared fight against the new coronavirus.
Published 20 Apr, 2020 12:00am
PSX gives reason behind late closure
Stocks

PSX gives reason behind late closure

On Friday, April 17, 2020, the trading session of Pakistan Stock Exchange Limited (the Exchange) continued for 195 seconds beyond the scheduled closing at 1 pm. During that additional period, a total of 3,492,550 shares were traded which are 1.01% of the
Updated 20 Apr, 2020 06:19am
Government going for 'smart' lockdown: Moeed

Government going for 'smart' lockdown: Moeed

Special Assistant to Prime Minister on National Security Dr Moeed Yusuf on Sunday said that the federal government is implementing 'smart lockdown' to impose lockdown measures only in those areas where coronavirus has posed a threat while the restrictive
Published 20 Apr, 2020 12:00am
FBR, agencies to be empowered to enforce anti-smuggling law

FBR, agencies to be empowered to enforce anti-smuggling law

The Federal Board of Revenue (FBR), security and intelligence agencies would be fully empowered to enforce Prevention of Smuggling Ordinance 2020 within the country for checking smuggling of foreign currency, gold, sliver, sugar, onion, rice, pulses, whea
Published 20 Apr, 2020 12:00am
Positive trend witnessed
Stocks

Positive trend witnessed

Pakistan Stock Exchange witnessed positive trend during the outgoing week ended on April 17, 2020 due to healthy buying mainly by local investors coupled with institutional support.
Published 20 Apr, 2020 12:00am
AIDC to finalise budget recommendations by 23rd

AIDC to finalise budget recommendations by 23rd

The Auto Industry Development Company (AIDC) which is scheduled to meet on April 23, 2020 will finalise recommendations for budget 2020-21 on the proposals of PAMA and PAAPAM.
Published 20 Apr, 2020 12:00am
Body formed to hold talks with IPPs

Body formed to hold talks with IPPs

The government has constituted a six-member technical committee headed by Prime Minister's Special Assistant on Coordination of Marketing and Development of Mineral Resources, Shahzad Syed Qasim to hold formal negotiations with Independent Power Producers
Published 20 Apr, 2020 12:00am
Wuhan lab denies virus link

Wuhan lab denies virus link

A laboratory in the Chinese city at ground zero of the global coronavirus outbreak has rejected as "impossible" US theories it is the cradle of the pandemic, as President Donald Trump warned Beijing of consequences if it was "knowingly responsible".
Published 20 Apr, 2020 12:00am
Ehsaas Emergency Cash Programme: Deadline for registration ends

Ehsaas Emergency Cash Programme: Deadline for registration ends

The deadline for the registration of Ehsaas Emergency Cash Programme ended on Sunday midnight while more than Rs 55 billion, so far, have been distributed among 4.6 million families as part of the federal government's initiative to provide cash assistance
Published 20 Apr, 2020 12:00am
FBR to directly credit refunds into accounts

FBR to directly credit refunds into accounts

The Federal Board of Revenue (FBR) has stopped issuance of income tax refund cheques to the taxpayers and now the amounts would be directly credited into their bank accounts.
Published 20 Apr, 2020 12:00am
Head of oil trader Hin Leong didn't disclose $800m losses
Energy

Head of oil trader Hin Leong didn't disclose $800m losses

The founder and director of top Singapore oil-trading company Hin Leong Trading Pte Ltd (HLT) directed the firm not to disclose hundreds of millions of dollars in losses over several years, he said in a court filing reviewed by Reuters.
Published 20 Apr, 2020 12:00am
Sindh records eight Covid-19 deaths in past 24 hours

Sindh records eight Covid-19 deaths in past 24 hours

Sindh recorded eight Covid-19 deaths over the past 24 hours, which is the highest number of fatalities from the contagion in the province so far, raising the death toll to 56 or 2.1 percent of the total patients within a month.
Published 20 Apr, 2020 12:00am
'Recession looms large'
Letters

'Recession looms large'

This is apropos a Business Recorder editorial "Recession looms large" carried by the newspaper on Saturday. The newspaper has concluded its arguments by saying that "The government is trying to reopen the economy in bits and pieces, starting with i
Published 20 Apr, 2020 12:00am
Challenge of conflict of interest in sugar industry and PM
Articles

Challenge of conflict of interest in sugar industry and PM

With the inquiry report on sugar price hike has landed the next challenge for PM Imran Khan; taking action against those benefitting from the sugar exports and price hike saga. Imran Khan while taking credit of making the investigation report public as it
Published 20 Apr, 2020 12:00am
Certainties in uncertain times
Articles

Certainties in uncertain times

Firefighting. Trapped. Blind Alley. Emotionally exhausted. Mentally fatigued. Search overload. Day-to-day. These are some of the feelings expressed by people who are going through life in the time of Covid-19. With a world shut down as never before this s
Published 20 Apr, 2020 12:00am
Policy rate cut
Articles

Policy rate cut

The Monetary Policy Committee (MPC) met for the third time in less than one month on 16 April 2020 and reduced the rate to 9 percent - from 13.25 percent effective 20 July to 16 March, 12 .5 percent from 17 March to 23 March and 11 percent effective 24 Ma
Published 20 Apr, 2020 12:00am
Anti-judiciary trolling

Anti-judiciary trolling

Article 184(3) of the Constitution empowers the Supreme Court to take suo motu notice "if it considers that a question of public importance with reference to the enforcement of any of the Fundamental Rights conferred by the constitution is involved". That
Updated 20 Apr, 2020 06:56am
Third cut since last month

Third cut since last month

The International Monetary Fund (IMF) board's approval of 1.386 billion dollars under Rapid Financing Instrument (RPI); 50 percent of Pakistan's quota, together with World Bank's pledge to release 238 million dollars and the Asian Development Bank's to re
Updated 20 Apr, 2020 06:52am
KP private schools agree on granting relief in monthly fees

KP private schools agree on granting relief in monthly fees

Private schools of Khyber Pakhtunkhwa have agreed on granting concession to students in payment of the monthly fee for the period of lockdown. This was told to Khyber Pakhtunkhwa Chief Minister Mahmood Khan while presiding over a meeting of the Elementary
Published 20 Apr, 2020 12:00am
New scheme to be launched for SMEs; Razak
Business & Economy

New scheme to be launched for SMEs; Razak

Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood said on Sunday the government is set to launch a scheme to support Small and Medium Enterprises (SMEs) to promote small businesses across the country.
Published 20 Apr, 2020 12:00am
WEEKLY COTTON REVIEW: No business in local market
Cotton & Textile

WEEKLY COTTON REVIEW: No business in local market

The government should fix the support price of cotton as early as possible. The positive measures of the government will be beneficial for textile and business sector in the long run. Hints of establishing task force in four divisions of Punjab to increas
Published 20 Apr, 2020 12:00am
Protective equipment: NDMA provides 3rd tranche to hospitals

Protective equipment: NDMA provides 3rd tranche to hospitals

National Disaster Management Authority (NDMA) has provided third tranche of protective equipment for doctors and medical staff in hospitals across the country. According to NDMA spokesperson, the protective equipment was supplied to the hospitals in Khybe
Published 20 Apr, 2020 12:00am
Siraj urges UN to send special mission to IOK

Siraj urges UN to send special mission to IOK

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has appealed to the UN Secretary General to send a special mission to Held Kashmir in order to stop the genocide of the Kashmiris by Indian occupation army.
Published 20 Apr, 2020 12:00am
CJP condole demise of Justice Tariq Parvez

CJP condole demise of Justice Tariq Parvez

Chief Justice of Pakistan Justice Gulzar Ahmed and other judges of Supreme Court have expressed deep sorrow and grief over the sad demise of Justice Tariq Parvez, former judge Supreme Court. They have extended their heartfelt condolences and sincere sympa
Published 20 Apr, 2020 12:00am
13 foreigners defeat Covid-19 at Muzaffargarh

13 foreigners defeat Covid-19 at Muzaffargarh

Thirteen foreign nationals, who were members of Tableeghi Jamaat, got cleared of novel coronavirus at Muzaffargarh hospital on Saturday and were being sent to Lahore for onward travel to their respective countries. Commissioner DG Khan Sajid Zafar said Co
Published 20 Apr, 2020 12:00am
Tetra Pak donates Rs20m to PM's relief fund

Tetra Pak donates Rs20m to PM's relief fund

In order to support the country's collective response to Covid-19 pandemic, the Tetra Pak Pakistan has donated Rs 20 million to the 'Prime Minister's Covid-19 Pandemic Relief Fund' with a view to support the relief efforts.
Published 20 Apr, 2020 12:00am
PSP sets up blood donation camp for thalassemia patients: Kamal

PSP sets up blood donation camp for thalassemia patients: Kamal

Pak Sarzameen Party Chairman Syed Mustafa Kamal Sunday said his party has initiated a move to arrange blood for the thalassemia patients, who are now struggling with life threatening disorders, amid countrywide lockdown.
Published 20 Apr, 2020 12:00am
Karachi fishermen allowed to resume work

Karachi fishermen allowed to resume work

The Sindh government has allowed the fishermen of Karachi to resume work under strict SOPs issued by the administration. In a notification issued on Sunday, the government instructed the Karachi Fish Harbor Authority and Fishermen Cooperative Society to e
Published 20 Apr, 2020 12:00am
No Ramazan Bazaar will be set up in Punjab: Buzdar

No Ramazan Bazaar will be set up in Punjab: Buzdar

Punjab Chief Minister Usman Buzdar has announced not to setup conventional 'Ramadan Bazaars' across the province in the wake of growing spread of novel coronavirus, effecting hundreds of people on daily basis.
Published 20 Apr, 2020 12:00am
LTU official infected with coronavirus
Taxes

LTU official infected with coronavirus

An official of Large Taxpayer Unit (LTU) Islamabad is reportedly infected with coronavirus, it is learnt. Sources said that a female official of the LTU Islamabad is infected with the virus. She was working as staff in admin matters of the Cheif Commmssio
Published 20 Apr, 2020 12:00am
Gulf markets rebound after sharp 2-day fall
Stocks

Gulf markets rebound after sharp 2-day fall

Major Gulf stock markets closed higher on Sunday, buoyed by some bargain-hunting after sharp declines in the previous two sessions and by progress towards clinical trials of a potential treatment for COVID-19.
Published 20 Apr, 2020 12:00am
Mexican peso rises, Latam FX ends week in losses
Money & Banking

Mexican peso rises, Latam FX ends week in losses

Mexican peso outperformed its Latin American peers on Friday, on President Andres Manuel Lopez Obrador plans of injecting cash into the economy in May, amid hopes that the United States would emerge from a coronavirus lockdown in the near term.
Published 20 Apr, 2020 12:00am
Indian steel demand expected to drop 7.7 percent
Commodities

Indian steel demand expected to drop 7.7 percent

Indian steel demand is expected to plunge to multi-year lows in 2020, hit by slowdowns in the construction, automotive and rail sectors as India fights the coronavirus with a protracted lockdown, a leading industry body said.
Published 20 Apr, 2020 12:00am
Abu Dhabi borrows $7bn as low oil price bite
Energy

Abu Dhabi borrows $7bn as low oil price bite

The emirate of Abu Dhabi said on Sunday it had sold $7 billion of bonds in the third major sale this month by Gulf sovereigns seeking to counter slumping oil prices.
Published 20 Apr, 2020 12:00am
Nine killed in Indonesia mining accident

Nine killed in Indonesia mining accident

Nine people were killed by a landslide at an illegal gold mine in Sumatra, an Indonesian official said Sunday. The accident happened Saturday in South Solok in West Sumatra province when a group of 12 people were digging for gold at an abandoned mine.
Published 20 Apr, 2020 12:00am
Leading member of Guinea govt dies from virus

Leading member of Guinea govt dies from virus

A top government official in Guinea and close ally of President Alpha Conde has died from the new coronavirus, the government said Sunday. Sekou Kourouma, who was secretary general of the government and a former minister, was taken ill last week and died
Published 20 Apr, 2020 12:00am
Iran says US giving 'Hollywood' account of Gulf encounter

Iran says US giving 'Hollywood' account of Gulf encounter

Iran's Revolutionary Guards on Sunday said the US gave a "Hollywood" account of an encounter between the two states' navies in the Gulf, after Washington said Tehran's vessels had harassed its ships.
Published 20 Apr, 2020 12:00am
The Weather

The Weather

The weather report on Sunday (April 19, 2020) and the forecast for Monday (April 20, 2020).

Published 20 Apr, 2020 12:00am
Your rupee last quarter
Rates

Your rupee last quarter

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

Published 20 Apr, 2020 12:00am
Your rupee last week
Rates

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 13 to 17, 2020).

Published 20 Apr, 2020 12:00am