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Print - 2020-04-27
Price control magistrates check prices of commodities at markets

Price control magistrates check prices of commodities at markets

On the directions of the Punjab government, the price control magistrates checked the prices of essential commodities at markets, bazaars and mega stores and imposed fines of Rs 47,000 to 40 shopkeepers for overcharging on the first day of Ramazan.
Published 27 Apr, 2020 02:51am
NTDC wins legal battle against Iranian company
Energy

NTDC wins legal battle against Iranian company

In a significant international victory, the National Transmission and Despatch Company (NTDC), falling under the Ministry of Energy (Power Division), has prevailed in an international commercial arbitration initiated by an Iranian company (GAM ARAK Ind. C
Published 27 Apr, 2020 02:51am
Little suspense as Fed meets with US economy in crisis
Taxes

Little suspense as Fed meets with US economy in crisis

The Federal Reserve already cut its benchmark lending rate to zero and made unprecedented moves to bolster liquidity as the coronavirus slammed the US economy, so it is not expected to do much besides project confidence at its policy meeting this week.
Published 27 Apr, 2020 02:51am
Government to provide subsidy to paddy growers
Commodities

Government to provide subsidy to paddy growers

A five-year programme under Agriculture Emergency, a national programme for enhancing profitability through increasing productivity of rice has been launched in 15 rice growing districts of the Punjab costing Rs 6.63 billion.
Published 27 Apr, 2020 02:51am
Sri Lanka extends virus lockdown

Sri Lanka extends virus lockdown

Sri Lanka reversed plans to end its virus lockdown on Monday, extending it for another week after a spike in coronavirus infections led to a recall of military personnel on leave.
Published 27 Apr, 2020 02:51am
Mixed trend witnessed
Stocks

Mixed trend witnessed

Pakistan Stock Exchange witnessed mixed trend during the outgoing week ended on April 24, 2020 as the investors remained sidelined due to their concerns over deadly coronavirus spread.
Published 27 Apr, 2020 02:51am
Small businesses: ECC may approve package today

Small businesses: ECC may approve package today

The Economic Coordination Committee (ECC) of the Cabinet is to approve a package for small business titled with" Chota Karobar Imdadi Package" on Monday (today).
Published 27 Apr, 2020 02:51am
Pakistan resuming oil imports as demand picks up

Pakistan resuming oil imports as demand picks up

Pakistan will allow the resumption of oil imports as it eases some coronavirus lockdown restrictions and as farmers start wheat harvesting, the energy ministry said.
Published 27 Apr, 2020 02:51am
Oil refineries seek bailout package

Oil refineries seek bailout package

The country's oil and gas sector is reportedly facing billions of loss every day due to onslaught of Covid-19 pandemic which has slowed economic activities across the world, sources close to Prime Minister Special Assistant on Petroleum told Business
Published 27 Apr, 2020 02:51am
Flour, sugar crises: Forensic audit report to be made public: Firdous

Flour, sugar crises: Forensic audit report to be made public: Firdous

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Sunday said the forensic audit report of the inquiry into the wheat flour and sugar crisis would be made public, apprising the people of all the facts and fig
Published 27 Apr, 2020 02:51am
Five children drown in Surjani area

Five children drown in Surjani area

Five children aged between 9 to 14, including two brothers, lost their lives after drowning into a water-filled pit formed in an empty plot in the city's Surjani neighbourhood.
Published 27 Apr, 2020 02:51am
Sindh approaches FIA to act against 'fake' audiotapes

Sindh approaches FIA to act against 'fake' audiotapes

Sindh Minister for Information, Local Government, Housing & Town Planning, Religious Affairs, Forest and Wildlife Syed Nasir Hussain Shah has said that the Sindh government has written a letter to the Federal Investigation Agency's cyber crime cell to inv
Published 27 Apr, 2020 02:51am
President pays surprise visit to mosques

President pays surprise visit to mosques

President Dr Arif Alvi paid a surprise visit to multiple mosques in Rawalpindi Saturday night to look over preparations for taraweeh prayers in the city.
Published 27 Apr, 2020 02:51am
Salim Malik apologises to nation over match fixing

Salim Malik apologises to nation over match fixing

Former captain Saleem Malik on Sunday assured unconditional cooperation to Pakistan Cricket Board (PCB) and International Cricket Council (ICC), insisting that he should be given a second chance like others.
Published 27 Apr, 2020 02:51am
'Sacred resistance?'
Letters

'Sacred resistance?'

This is apropos a Business Recorder editorial "Sacred resistance?" carried by the newspaper recently. The newspaper has concluded its argument in the following words: "So far the only country that seems to have won the war on coronavirus is China a
Published 27 Apr, 2020 02:51am
Mind your distance
Articles

Mind your distance

Man is a social animal. Social isolation causes depression. Human interaction can never be replaced with machine interaction. Facebook can never substitute face to face. Virtual is not real. Human touch cannot to be compared with touch screen. And so on a
Published 27 Apr, 2020 02:51am
Critical appraisal of SBP report
Articles

Critical appraisal of SBP report

The State Bank of Pakistan's (SBP) report for the first half of the current financial year reiterated its unconditional support for the International Monetary Fund (IMF) programme conditions - a pledge restated in the one-page Monetary Policy Committee st
Published 27 Apr, 2020 02:51am
Coronavirus-hit rural Pakistan

Coronavirus-hit rural Pakistan

To lockdown or not to lockdown that is the question. But this question is largely relevant to urban population centres. The rural areas are not in lockdown, but even then they have lost freedom of movement and essential means to make both ends meet. The c
Published 27 Apr, 2020 02:51am
Foreign investment in debt market

Foreign investment in debt market

The State Bank of Pakistan (SBP) data uploaded on its website indicates that around one billion dollars of government debt securities (from three months to a year) have been purchased by foreign investors, mostly in the UK, which may have contributed to t
Published 27 Apr, 2020 02:51am
KMC postpones taking rent from 7,500 shops in 43 markets

KMC postpones taking rent from 7,500 shops in 43 markets

Karachi Metropolitan Corporation (KMC) has decided to defer to take rent from tenants of 7500 shops in 43 KMC markets, adding that the same would be charged in four-month installation. Talking to a delegation of All City Tajir Ittehad here, Mayor Karachi
Published 27 Apr, 2020 02:51am
Manifold increase in prices of essential food items witnessed

Manifold increase in prices of essential food items witnessed

A manifold increase in prices of essential food commodities, including live chicken/meat, gram flour (baisen) vegetable, pulses, fruits, dates, flour, beverages, ghee/cooking oil and others was witnessed in here retail market since advent of Ramazan, said
Published 27 Apr, 2020 02:51am
PDMA directly giving medical supplies to hospitals: Zafar

PDMA directly giving medical supplies to hospitals: Zafar

Special Assistant to Prime Minister on Health Affairs Dr Zafar Mirza said on Sunday that Pakistan Disaster Management Authority (PDMA) was providing medical supplies directly to the hospitals to deal with coronavirus pandemic.
Published 27 Apr, 2020 02:51am
250 stranded Pakistanis repatriated from Australia

250 stranded Pakistanis repatriated from Australia

As many as 250 stranded Pakistanis were repatriated Sunday from Australia through a special flight of Pakistan International Airline after they were stuck up due to closure of flight operation following outbreak of COVID-19.
Published 27 Apr, 2020 02:51am
Minister confirms 85 new Covid-19 cases in KP

Minister confirms 85 new Covid-19 cases in KP

Advisor to KP CM on Information, Ajmal Wazir has said that with the confirming of 85 new cases during last 24 hours the total number of coronavirus patients has reached to 1,793 with four more deaths have also been recorded from the deadly virus.
Published 27 Apr, 2020 02:51am
WEEKLY COTTON REVIEW: No trading activity because of lockdown
Cotton & Textile

WEEKLY COTTON REVIEW: No trading activity because of lockdown

The sowing of cotton is successfully going on. Cotton production is expected to increase. The new crop of cotton is expected to start arriving partially from the month of June in Sindh. Export sector is demanding restoration of zero rated status.
Published 27 Apr, 2020 02:51am
SIU arrests six accused involved in heinous crimes

SIU arrests six accused involved in heinous crimes

The Special Investigation Unit Karachi on Sunday arrested six accused, involved in heinous crimes, from different parts of the megalopolis and recovered illegal arms, motorbikes and drugs from their possession.
Published 27 Apr, 2020 02:51am
Health sector topmost priority in next ADP: KP CM

Health sector topmost priority in next ADP: KP CM

Khyber Pakhtunkhwa Chief Minister Mehmood Khan has termed the health sector as the top priority of the provincial government for the Annual Development Program (ADP) of the next financial year.
Published 27 Apr, 2020 02:51am
166 shopkeepers arrested over violation of lockdown

166 shopkeepers arrested over violation of lockdown

District administration Peshawar has continued crackdown on the violators of the lockdown on Sunday and arrested 166 persons for keeping shops open in violation of restrictions in this regard.
Published 27 Apr, 2020 02:51am
Tea imports shrink 15.61 percent in 3 quarters
Business & Economy

Tea imports shrink 15.61 percent in 3 quarters

The tea imports into the country witnessed declined 15.61 percent during the first three quarters of the current fiscal year (2019-20) as against the same period of last fiscal year, Pakistan Bureau of Statistics (PBS) reported.
Published 27 Apr, 2020 02:51am
Coronavirus pandemic: Parliamentary body meeting today

Coronavirus pandemic: Parliamentary body meeting today

The parliamentary committee on coronavirus pandemic is going to be held today (Monday) with Speaker National Assembly Asad Qaiser in the chair to discuss impact of lockdown on the overall economy of the country.
Published 27 Apr, 2020 02:51am
Buzdar salutes doctors and paramedical staff

Buzdar salutes doctors and paramedical staff

Chief Minister Punjab Sardar Usman Buzdar censured that those enjoyed power for many decades could not handover even a strong healthcare system to the nation and announced to provide additional salary to doctors and paramedical staff giving treatment to c
Published 27 Apr, 2020 02:51am
Punjab governor hints at strict lockdown

Punjab governor hints at strict lockdown

Punjab Governor Chaudhry Mohammad Sarwar has warned that the government will be left with no option but to take stringent measures, if the people did not take coronavirus pandemic seriously. "Easing lockdown to allow selected businesses does not mean that
Published 27 Apr, 2020 02:51am
Shehbaz blasts PM for delay in SFC report

Shehbaz blasts PM for delay in SFC report

The opposition Pakistan Muslim League-Nawaz president Shehbaz Sharif on Sunday blasted Prime Minister Imran Khan for the delay in Sugar Forensic Commission (SFC) report, and termed it 'proof of the prime minister's guilt'.
Published 27 Apr, 2020 02:51am
Indian woman gang raped after quarantined alone in school

Indian woman gang raped after quarantined alone in school

An Indian woman was allegedly gang raped in a school in the desert state of Rajasthan where she had been quarantined for a night by the police amid the nationwide coronavirus lockdown, a police official said on Sunday.
Published 27 Apr, 2020 02:51am
Yemen crisis deepens

Yemen crisis deepens

Yemeni separatists early Sunday declared self-rule of the country's south as a peace deal with the government crumbled, complicating a long and separate conflict with Huthi rebels who control much of the north.
Published 27 Apr, 2020 02:51am
Acclaimed Swedish author Per Olov Enquist dies

Acclaimed Swedish author Per Olov Enquist dies

Per Olov Enquist, one of Sweden's most acclaimed authors who wrote "The Visit of the Royal Physician," has died aged 85, his family told Swedish media on Sunday.
Published 27 Apr, 2020 02:51am
Germany's AfD party drops 'fascist' spokesman

Germany's AfD party drops 'fascist' spokesman

Germany's far-right AfD party on Sunday said it had suspended a longtime spokesman, reportedly after he described himself as a fascist and praised his "Aryan grandfather".
Published 27 Apr, 2020 02:51am
Beijing bans 'uncivilised' behaviour to improve public hygiene

Beijing bans 'uncivilised' behaviour to improve public hygiene

Beijing has banned "uncivilised" behaviour such as not covering the mouth and nose when coughing or sneezing, the city government said Sunday, in a new set of regulations to improve public hygiene amid the coronavirus outbreak.
Published 27 Apr, 2020 02:51am
Australia launches app to trace coronavirus contacts

Australia launches app to trace coronavirus contacts

Australia has launched a smartphone app to trace people who come in contact with coronavirus patients despite privacy concerns that authorities insisted Sunday were unwarranted.
Published 27 Apr, 2020 02:51am
China seizes over 89m shoddy face masks

China seizes over 89m shoddy face masks

China has confiscated over 89 million poor quality face masks, a government official said Sunday, as Beijing faces a slew of complaints about faulty protective gear exported worldwide.
Published 27 Apr, 2020 02:51am
Lockdowns ease as global infections near 3 million

Lockdowns ease as global infections near 3 million

Spanish children were allowed outside on Sunday for the first time in six weeks as countries eased lockdown measures in a bid to slowly reopen economies gutted by the coronavirus pandemic that has infected nearly three million people worldwide.
Published 27 Apr, 2020 02:51am
Dollar-backed crypto shapes up as pandemic winner
Money & Banking

Dollar-backed crypto shapes up as pandemic winner

Who needs physical money? The coronavirus pandemic has highlighted problems with cash, which is neither contactless nor clean. Some investors have turned their attention to so-called stablecoins like Tether and USD Coin. These dollar-backed cryptocurrenci
Published 27 Apr, 2020 02:51am
Political turmoil hammers Brazil markets during pandemic
Stocks

Political turmoil hammers Brazil markets during pandemic

Brazilian stocks sank as much as 9.6%, and the real slid to new lows on Friday as political turmoil in the country added to mounting concerns over the coronavirus outbreak, while risk aversion ravaged Latin American markets.
Published 27 Apr, 2020 02:51am
Daimler says China business picks up again
Global Business Economy

Daimler says China business picks up again

Mercedes-Benz maker Daimler has seen business stabilise in China after the country ended coronavirus lockdowns, a senior manager at the German carmaker told a newspaper on Sunday.
Published 27 Apr, 2020 02:51am
In U-turn, Germany backs Google and Apple on virus app
IT & Computers

In U-turn, Germany backs Google and Apple on virus app

The German government on Sunday switched to backing a coronavirus-tracing app using technology supported by Google and Apple, ditching a German-led alternative that had come under fire over privacy concerns.
Published 27 Apr, 2020 02:51am
Bangladesh garment factories reopen, defying virus lockdown
Cotton & Textile

Bangladesh garment factories reopen, defying virus lockdown

Hundreds of Bangladesh garment factories defied a nationwide coronavirus lockdown to reopen on Sunday, raising fears the industry's vulnerable and largely female workforce could be exposed to the contagion.
Published 27 Apr, 2020 02:51am
New York plans how to return to business
Money & Banking

New York plans how to return to business

Banks are considering letting some employees keep working from home indefinitely, and staggering the shifts of those who do come into the office. Hotels are trying to figure out a way to let arriving guests go straight to their rooms without signing in at
Published 27 Apr, 2020 02:51am
Mnuchin predicts US economic 'bounce back'
Money & Banking

Mnuchin predicts US economic 'bounce back'

US Treasury Secretary Steven Mnuchin insisted Sunday the US economy will come roaring back even amid warnings from another White House adviser of longer-term impacts of the coronavirus pandemic's unprecedented shock to the economy.
Published 27 Apr, 2020 02:51am
The Weather

The Weather

The weather report on Sunday (April 26, 2020) and the forecast for Monday (April 27, 2020).

Published 27 Apr, 2020 02:51am
Your rupee last week
Rates

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 20 to 24, 2020).

Published 27 Apr, 2020 02:51am