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Print - 2020-04-28
Apartment fire sends Canada PM's mother to hospital

Apartment fire sends Canada PM's mother to hospital

Margaret Trudeau, the mother of Canadian Prime Minister Justin Trudeau, is "doing fine", her son said Tuesday, after she was rushed to hospital overnight when a fire broke out in her Montreal apartment.
Published 28 Apr, 2020 11:42pm
Bill buying rates per unit of currency
Rates

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (April 28, 2020).

Published 28 Apr, 2020 11:42pm
BOARD MEETINGS
Stocks

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 28 Apr, 2020 11:42pm
Shipping Intelligence
Schedules

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 28, 2020).

Published 28 Apr, 2020 11:42pm
Pakistan Mercantile Exchange - PMEX
Rates

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (April 28, 2020).

Published 28 Apr, 2020 11:42pm
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 28, 2020).

Published 28 Apr, 2020 11:42pm
The Weather

The Weather

The weather report on Tuesday (April 28, 2020) and the forecast for Wednesday (April 29, 2020).

Published 28 Apr, 2020 11:42pm
Brent rises, US crude falls
Energy

Brent rises, US crude falls

Oil prices fell on Tuesday with US crude leading the decline, falling about 3% as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut production.
Published 28 Apr, 2020 11:42pm
SAS airline slashes 5,000 jobs over corona crisis
Global Business Economy

SAS airline slashes 5,000 jobs over corona crisis

Scandinavian airline SAS said Tuesday it would lay off up to 5,000 employees as the new coronavirus pandemic has wiped out demand for air travel which would not return to normal for "some years".
Published 28 Apr, 2020 11:42pm
Spain's jobless rate jumps to 14.4 percent
Global Business Economy

Spain's jobless rate jumps to 14.4 percent

Spain's unemployment rate jumped in the first quarter to 14.4 percent, figures from national statistics institute INE showed Tuesday, as a nationwide coronavirus lockdown hit the eurozone's fourth largest economy.
Published 28 Apr, 2020 11:42pm
Caterpillar profits fall
Global Business Economy

Caterpillar profits fall

Caterpillar reported lower quarterly earnings Tuesday amid a weak outlook for oil and metal commodities and said it lined up additional sources of cash to navigate an uncertain period.
Published 28 Apr, 2020 11:42pm
Icelandair cuts 2,000 staff
Global Business Economy

Icelandair cuts 2,000 staff

Icelandic airline Icelandair said Tuesday it would lay off about 2,000 of its staff as the COVID-19 pandemic continues to impact air travel "for the unforeseeable future."
Published 28 Apr, 2020 11:42pm
Swedish crown climbs in Europe
Money & Banking

Swedish crown climbs in Europe

The Swedish crown jumped against the dollar and euro on Tuesday after the central bank held interest rates steady and maintained stimulus measures designed to support an economy battered by the coronavirus pandemic.
Published 28 Apr, 2020 11:42pm
Sterling rises as investor risk sentiment improves
Money & Banking

Sterling rises as investor risk sentiment improves

The pound inched higher on Tuesday as investors turned their attention to US Federal Reserve and European Central Bank meetings this week at which officials are expected to provide further stimulus to their economies to fight the coronavirus.
Published 28 Apr, 2020 11:42pm
Asian forex: Rupiah, ringgit drop
Money & Banking

Asian forex: Rupiah, ringgit drop

Indonesia's rupiah slid nearly 1% on Tuesday after the government sold $4 billion in bonds to fight the coronavirus outbreak, while Malaysia's ringgit also fell on a collapse in oil prices.
Published 28 Apr, 2020 11:42pm
Australian, New Zealand dollars prop up
Money & Banking

Australian, New Zealand dollars prop up

The Australian and New Zealand dollars found support on Tuesday as both countries made considerable progress in containing the coronavirus, allowing some gradual steps to start reopening their hard-hit economies.
Published 28 Apr, 2020 11:42pm
Trading activities on cotton market likely to resume soon
Cotton & Textile

Trading activities on cotton market likely to resume soon

Trading activities on cotton market will resume very soon as the government of Sindh has allowed 373 industries to resume their operations out of which majority of them are related to textile industry.
Published 28 Apr, 2020 11:42pm
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 55,005 tonnes of cargo comprising 47,226 tonnes of import cargo and 7,779 tonnes of export cargo including 1,123 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 28 Apr, 2020 11:42pm
Russian wheat export prices down with global benchmark
Commodities

Russian wheat export prices down with global benchmark

Russian wheat export prices fell last week after several weeks of growth, tracking a decline in benchmark Chicago futures, analysts said on Monday. A Russian grain export quota of 7 million tonnes for April to the end of June had been put in place in resp
Published 28 Apr, 2020 11:42pm
CBOT soyabean futures lower
Commodities

CBOT soyabean futures lower

Chicago Board of Trade soyabean futures closed lower on Monday after a back-and-forth session, as end-of-month positioning and spillover weakness from corn futures dragged on the market, traders said.
Published 28 Apr, 2020 11:42pm
US natural gas futures slump on demand concerns
Energy

US natural gas futures slump on demand concerns

US natural gas futures dropped as much as 8.6% on Monday to their lowest in over a week, as forecasts of milder weather coupled with coronavirus-led shutdowns weighed on demand.
Published 28 Apr, 2020 11:42pm
PMEX daily trading report
Commodities

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,354. The traded value of metals, energy and COTS/FX was recorded at PKR 4.076 billion and the number of lots traded was 11,804.
Published 28 Apr, 2020 11:42pm
Facebook introduces new tools on Instagram to promote SMEs
IT & Computers

Facebook introduces new tools on Instagram to promote SMEs

Facebook has introduced new tools on Instagram to support Small and Medium Enterprises (SMEs) during the present challenges especially being faced by small and medium businessmen in Pakistan.
Published 28 Apr, 2020 11:42pm
Internet access in Parachinar: Ministry seeks time for submitting comments
IT & Computers

Internet access in Parachinar: Ministry seeks time for submitting comments

Federal Interior Ministry on Tuesday sought time for submitting para-wise comments regarding internet access in Parachinar District, erstwhile an agency in the former Federally-Administered Tribal Areas. A single bench of IHC Chief Justice Athar Minallah
Published 28 Apr, 2020 11:42pm
Realtors urge PM, Sindh CM to provide relief package

Realtors urge PM, Sindh CM to provide relief package

The real estate sector Tuesday appealed to Prime Minister Imran Khan and Sindh Chief Minister Syed Murad Ali Shah to provide financial package similar to the small traders to let them continue their businesses.
Published 28 Apr, 2020 11:42pm
FWCCI compiling data
Business & Economy

FWCCI compiling data

Faisalabad Women Chamber of Commerce & Industry (FWCCI) is busy in compiling data of women entrepreneurs badly affected due to the prolonged corona related lockdown, said Qurrat-ul-Ain, President FWCCI here Tuesday.
Published 28 Apr, 2020 11:42pm
CM suspends five police officials

CM suspends five police officials

Punjab Chief Minister Sardar Usman Buzdar on Tuesday taking notice of torture on a rickshaw driver in Sahiwal, suspended five police personnel and sought a report from DPO.
Published 28 Apr, 2020 11:42pm
Prison authorities fail to produce Uzair Baloch before court

Prison authorities fail to produce Uzair Baloch before court

A sessions court on Tuesday put off the hearing of 20 cases against infamous Lyari gang-war leader Uzair Baloch till May 14. The additional district and sessions judge South resumed hearing the cases as jail authorities presented a report before the court
Published 28 Apr, 2020 11:42pm
Pharma industry's distress call

Pharma industry's distress call

The pharmaceutical industry has done quite well by maintaining its operations while much of the rest of the country had to go into lockdown. Keeping medicines on store shelves is no less important than keeping hospitals open, of course, regardless of the
Updated 29 Apr, 2020 12:35pm
Doctors without protection

Doctors without protection

It simply defies belief that dozens of doctors and nurses have had to resort to a hunger strike in Lahore because their straight-forward demand for adequate protective equipment continues to fall on deaf ears. Surely, nobody needs any reminding anymore th
Updated 29 Apr, 2020 12:34pm
Budget-making in a pandemic
Articles

Budget-making in a pandemic

Pakistan's economy which was already in the intensive care unit (ICU), has since February this year gone into a tailspin deepening further the on-going recession induced earlier by an IMF- driven austerity program launched in April last year.
Published 28 Apr, 2020 11:42pm
A spring in the town
Articles

A spring in the town

The doctrine of separation of powers, having its origin in the classic work of Montesquieu's Spirit of Laws, and articulated into a constitutional principle, to safeguard liberties from the Government, in the US constitution, has no textual basis in our c
Published 28 Apr, 2020 11:42pm
Coronavirus everywhere
Letters

Coronavirus everywhere

A wave of gloom and despair pervades across the globe. There seems to be no light at the end of the tunnel. Vaccine is not possible by year end. Things will become increasingly difficult for people. There appears to be no measured response to the challeng
Published 28 Apr, 2020 11:42pm
Maulana Tariq Jamil clarifies recent remarks

Maulana Tariq Jamil clarifies recent remarks

Maulana Tariq Jamil on Tuesday clarified his recent remarks, which he made during Prime Minister Imran Khan's telethon on April 23, and apologised to those "inadvertently hurt".
Published 28 Apr, 2020 11:42pm
APNS welcomes appointment of Faraz, Asim

APNS welcomes appointment of Faraz, Asim

All Pakistan Newspapers Society (APNS) president Hameed Haroon and secretary general Sarmad Ali in a statement have congratulated Senator Shibli Faraz and Lt-Gen Asim Saleem Bajwa on their respective appointments and hoped that the new media team of the f
Published 28 Apr, 2020 11:42pm
COAS announces treatment of PIA workers in CMH

COAS announces treatment of PIA workers in CMH

Chief of the Army Staff (COAS) General Qamar javed Bajwa has announced that employees of Pakistan International Airlines (PIA) who are suffering from Covid-19 will be treated at Combined Military Hospital (CMH). Pakistan Air Force (PAF) has also announced
Published 28 Apr, 2020 11:42pm
Full-fledged functioning of NTC may take some time

Full-fledged functioning of NTC may take some time

The full-fledged functioning of the National Tax Council (NTC) may take some time due to the partial lockdown, and outbreak of the coronavirus, as the council has the mandate for harmonization of the GST on both goods and services among Center and the pro
Published 28 Apr, 2020 11:42pm
Trump, US House face off in court over subpoena power

Trump, US House face off in court over subpoena power

A US appeals court on Tuesday heard oral arguments in a historic dispute between the Trump administration and the US House of Representatives over how much power Congress has to enforce subpoenas demanding testimony or documents.
Published 28 Apr, 2020 11:42pm
PM approves 'Green Stimulus' package

PM approves 'Green Stimulus' package

Prime Minister Imran Khan on Tuesday approved "Green Stimulus" package as part of government's efforts to extend green cover in the county and to create job opportunities for the youth of the country especially in the wake of Covid-19 crisis.
Published 28 Apr, 2020 11:42pm
USC to procure Rs 14 billion items, NCOC told

USC to procure Rs 14 billion items, NCOC told

The managing director (MD) Utility Stores Corporation (USC) Tuesday informed the National Command and Operation Centre (NCOC) that the entity is to procure Rs14 billion commodities to cater to buyers.
Published 28 Apr, 2020 11:42pm
Cash withdrawals: Government decides to abolish 0.6 percent WHT

Cash withdrawals: Government decides to abolish 0.6 percent WHT

The government has decided to abolish 0.6 percent withholding tax on cash withdrawals from banks/issuance of banking instruments by customers bringing foreign remittances into Pakistan from July 1, 2020 to encourage use of formal (banking) channels.
Published 28 Apr, 2020 11:42pm
Educational radio programme launched in Gilgit & Skardu

Educational radio programme launched in Gilgit & Skardu

On the footprints of Tele School Channel, Alight Pakistan and National Commission for Human Development (NCHD) in collaboration with the Education Department of Gilgit-Baltistan have launched an online distance learning educational program on Radio Pakist
Published 28 Apr, 2020 11:42pm
Sindh government bans religious gatherings

Sindh government bans religious gatherings

In a move to maintain social distancing and stem the spread of COVID-19 pandemic, Sindh government on Tuesday notified ban on religious gatherings, including Yaum-e-Ali, in the province including Karachi.
Published 28 Apr, 2020 11:42pm