News Archives for Print - 2020-04-28

Print - 2020-04-28

Construction sector: Strategy finalised to moderately reopen linked businesses

The government has finalised a strategy to gradually reopen all businesses linked with the construction sector in order to overcome the threat of Covid-19 in addition to arresting the growing unemployment in this division, said Faisalabad Divisional Commi

Published 28 Apr, 2020 11:42pm

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

Stocks

PSX rebounds: BRIndex100 edges up

Pakistan Stock Exchange Tuesday closed on a positive note on the back of local and foreign investors' support.

Published 28 Apr, 2020 11:42pm

PSM revival: FAs submit first draft of due diligence report

The transaction committee of Pakistan Steel Mills (PSM) has received first draft of due diligence report from the financial advisors (FAs) appointed for its revival.

Published 28 Apr, 2020 11:42pm

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

Health professionals to be given martyrs' status: Zafar

The Government of Pakistan has decided to accord martyr status to the health professionals who will lose their life in the line of duty, while serving the coronavirus patients.

Published 28 Apr, 2020 11:42pm

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

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

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

Edible commodities' export banned for two weeks: Cabinet approves package for health workers

The Cabinet Tuesday approved assistance package for healthcare workers who would die while performing their duties related to the fight against the Covid-19. The healthcare workers would be entitled to benefits of Shuhada Package. The Cabinet also decided

Published 28 Apr, 2020 11:42pm

July-March: Provisional external inflows stand at $6.73 billion

Total provisional external inflows from multiple financing sources were $6.730 billion during July-March of fiscal year 2019-20 i.e. 52 percent of the budgeted $12.958 billion for the entire fiscal year, it is learnt.

Published 28 Apr, 2020 11:42pm

Previous governments: Top-level appointments to be reviewed

The incumbent government has decided to review all top level appointments made during previous governments without formal approval from the Federal Cabinet. In this regard, Secretary to the Prime Minister has written a letter to all the Ministries/ Divisi

Published 28 Apr, 2020 11:42pm

New York doctor who treated COVID-19 patients kills herself

A New York emergency doctor who treated coronavirus patients has killed herself, with family, police and physicians linking her death to trauma faced by health care workers battling the outbreak. Lorna Breen, 49, died on Sunday from self-inflicted injurie

Published 28 Apr, 2020 11:42pm

China decries 'barefaced lies' over its handling of virus

China on Tuesday went on the offensive against international criticism over its handling of the coronavirus pandemic, accusing US politicians of "barefaced lies".

Published 28 Apr, 2020 11:42pm

Money & Banking

THE RUPEE: Depreciated against $

Pakistani rupee depreciated by almost one rupee as compared to Friday's exchange rates in both open and interbank markets against major currencies that are typically reported here.

Published 28 Apr, 2020 11:42pm

Faraz takes oath as info minister

Pakistan Tehreek-e-Insaf (PTI) senator and the Leader of House in the Senate Syed Shibli Faraz took oath as Federal Minister for Information and Broadcasting. The oath-taking ceremony was held at Aiwan-e-Sadr on Tuesday. President of Pakistan Dr Arif Alvi

Published 28 Apr, 2020 11:42pm

Cotton & Textile

APTMA Punjab urges Discos to stop charging GST, WHT

The All Pakistan Textile Mills Association (APTMA) Punjab Chairman Adil Bashir has criticized the distribution companies (DISCOs) for charging General Sales Tax (GST) and Withholding tax (WHT) on notified industrial tariff instead of 7.5 cents/kWh to all

Published 28 Apr, 2020 11:42pm

Two fertilizer plants: Supply of gas lying suspended for last several months

Supply of natural gas to two fertilizer plants on the SNGPL network, Agritech Mianwali and FatimaFert Sheikhupura, has been lying suspended since November 2019.

Published 28 Apr, 2020 11:42pm

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

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

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

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

South Asia faces fresh health crisis as children miss vaccinations

South Asia could face a further public health crisis as children miss routine vaccinations, the UN warned Tuesday, spurring fears that the fallout from the novel coronavirus pandemic might reverse hard-earned gains in the region.

Published 28 Apr, 2020 11:42pm

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

Deferred recoveries: KE confused about reimbursement of cost incurred?

Karachi Electric (KE) is reportedly confused about reimbursement/ compensation mechanism of cost incurred on deferred recovery of electricity bills from consumers.

Published 28 Apr, 2020 11:42pm

India-sanctioned hate crimes: Qureshi writes letters to OIC S-G, member states

Foreign Minister Shah Mahmood Qureshi has addressed letters to the OIC secretary-general and his counterparts from the OIC-member states highlighting the rising wave of state-sanctioned hate crimes and Islamophobia in India and taking it up with the Human

Published 28 Apr, 2020 11:42pm

Industrial consumers: SHC orders banks to accept power bills without ISPA charges

Sindh High Court (SHC) on Tuesday ordered banks to accept the electricity bills without ISPA charges and restrained K-Electric (KE) to disconnect the electric connections of industrial consumers till next date of hearing of case related to ISPA charges in

Published 28 Apr, 2020 11:42pm

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

Articles

Pakistan's younger women riding a digital wave in drive for better jobs

When Kainat Naz joined a women-friendly technology boot camp a year ago, she had no idea it would completely change her life and her views on how women can work in conservative Pakistan.

Published 28 Apr, 2020 11:42pm

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

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

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

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

Amendments in G-B Government Order, 2018: SC issues notices to G-B government, AG

The Supreme Court on Tuesday issued notices to the Gilgit-Baltistan government and its advocate general on a petition to allow the federal government to make necessary amendments in the Government of Gilgit-Baltistan Order, 2018, for caretaker setup for c

Published 28 Apr, 2020 11:42pm

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

Articles

Partly Facetious: Coronavirus challenge: democracies not doing well

"I was saddened."

Published 28 Apr, 2020 11:42pm

Tally of confirmed positive cases in capital surges to 261

The tally of confirmed Covid-19 positive cases in the capital city surged up to 261 after 16 more people were tested positive on Tuesday.

Published 28 Apr, 2020 11:42pm

Business & Economy

Section 111 (source of investment) of IT Ord: Business community seeks exemption for all sectors in budget

Business community has proposed Federal Board of Revenue (FBR) that the exemption from section 111 (source of investment) of the Income Tax Ordinance should be extended to all sectors of the economy in coming budget (2020-21).

Published 28 Apr, 2020 11:42pm

Pakistan rejects baseless Indian allegations

Pakistan on Tuesday categorically rejected the baseless Indian allegations of "infiltration attempts" and unfounded claims of targeting of "launching pads" across the Line of Control (LoC).

Published 28 Apr, 2020 11:42pm

Stocks

PSX holiday

Pakistan Stock Exchange (PSX) will remain closed on Friday (May 1), being public holiday declared by the government of Pakistan on the occasion of Labour Day. This was announced by the PSX in its notice sent to all concerned here Tuesday.

Published 28 Apr, 2020 11:42pm

Minister visits vegetable market

Punjab Industry and Commerce Minister Mian Aslam Iqbal on Tuesday visited Badami Bagh fruit and vegetable market to inspect prices and quality of fresh produce.

Published 28 Apr, 2020 11:42pm

Business & Economy

Ismail Suttar elected EFP president

Ismail Suttar was unanimously elected as the new president of Employers' Federation of Pakistan (EFP) following the resignation of Majyd Aziz. Meanwhile, Zaki Ahmed Khan will remain vice president while Majyd Aziz would continue to be the member of EFP Bo

Published 28 Apr, 2020 11:42pm

Corona death toll in KP enters triple digits

Deaths toll from coronavirus has crossed the figure of hundred in Khyber Pakhtunkhwa as six more deaths occurred to reach the figure to 104 from the virus.

Published 28 Apr, 2020 11:42pm

Business & Economy

FY 2019-20: Railways likely to miss revenue target of Rs 58 billion

Pakistan Railways will miss the revenue target of Rs 58 billion set for the current financial year against Rs 53 billion for the same period of last year as it is incurring loss of around Rs 1 billion each week due to the lockdown, it is learnt.

Published 28 Apr, 2020 11:42pm

18th Amendment, NFC Award: Fazl contacts opposition leaders

Jamiat-e-Ulema Islam (JUI) chief Maulana Fazlur Rehman on Tuesday completed contacting opposition leaders on matters pertaining to the coronavirus, 18th constitutional amendment, and the NFC award.

Published 28 Apr, 2020 11:42pm

'Ration bags being distributed'

Additional DC -I Hyderabad Qaim Akbar Nimani has said that District Administration Hyderabad is distributing the ration bags among the poor and needy peoples with support of social organizations and philanthropists during lockdown situation and for this p

Published 28 Apr, 2020 11:42pm

No executive director of HEC for three years

The appointment of permanent executive director of Higher Education Commission of Pakistan has become a serious issue for the Pakistan Tehreek-e-Insaf government which claims that education sector is its priority.

Published 28 Apr, 2020 11:42pm

Business & Economy

SCCI welcomes support package for SMEs

The Sarhad Chamber of Commerce and Industry president, Engineer Maqsood Anwar Pervaiz has welcomed the federal government announcement of Rs 50 billion support for Small and Medium Enterprises (SMEs).

Published 28 Apr, 2020 11:42pm

Business & Economy

'SMEs should be given grants'

Economic and financial analyst, Ateeq-ur-Rehman, has said that the SMEs and small businesses are the backbone of the economy, and they should be given grants as bailout packages to survive.

Published 28 Apr, 2020 11:42pm

Mayor seeks funds to increase salaries of fire brigade employees

Mayor Karachi Wasim Akhtar said on Tuesday that fire brigade employees have been paid Rs19.4 million as fire risk allowance and requested Sindh Chief Minister Syed Murad Ali Shah to provide Karachi Metropolitan Corporation required funds for increasing 15

Published 28 Apr, 2020 11:42pm

Business & Economy

Uber pledges free rides for medical staff

Uber, the global ride-hailing platform that connects riders with drivers, has pledged free rides and deliveries in Pakistan specifically for frontline workers, including the medical staff of hospitals and local NGOs, in an effort to move what matters duri

Published 28 Apr, 2020 11:42pm

Business & Economy

Legal businesses in peril: 'Higher taxation to boost illicit tobacco trade'

The wide presence of illicit cigarette in the domestic market is causing Rs 44 billion annual loss to the exchequer in shape of revenue.

Published 28 Apr, 2020 11:42pm

Sindh government increases Covid-19 testing to 4112: Murad

Sindh Chief Minister Syed Murad Ali Shah in his video message released from the CM House on Tuesday said for the first time his government has conducted over 4112 tests against which 335 new cases have emerged while seven patients succumbed to the Covid-1

Published 28 Apr, 2020 11:42pm

Commodities

Ghost flour mills not to be given wheat quota: Aleem

Senior Punjab Minister Abdul Aleem Khan has said that ghost flour mills will be closed across Punjab and they will not get an official quota of wheat from the Food Department.

Published 28 Apr, 2020 11:42pm

Buzdar orders crackdown against hoarders, profiteers

Chief Minister Punjab Sardar Usman Buzdar has directed to initiate a province-wide indiscriminate crackdown against hoarders and profiteers.

Published 28 Apr, 2020 11:42pm

Taxes

Construction/property dealers: 5 percent GST on services in ICT withdrawn

The Federal Board of Revenue (FBR) has withdrawn five percent sales tax on construction/property dealers' services and will also charge zero percent sales tax on services provided by property developers and promoters including allied services relating to

Published 28 Apr, 2020 11:42pm

Covid-19: UAF donates Rs 5.133 million to PM's Relief Fund

The University of Agriculture Faisalabad has handed over Rs 5.133 million to the prime minister's relief fund for Covid-19.

Published 28 Apr, 2020 11:42pm

Business & Economy

Businessmen welcome relief package for SMEs, labourers

Welcoming relief package of Rs125 billion for SMEs and daily-wage workers amid the COVID-19 lockdown, business community has expressed optimism that these steps would help overcome difficulties of small businesses and labourers.

Published 28 Apr, 2020 11:42pm

Covid-19: Pakistan cannot afford lapse in protective measures: Sarwar

Punjab Governor Chaudhry Mohammad Sarwar has said that Pakistan cannot afford any lapse in ensuring protective measures to ward off the threat of coronavirus.

Published 28 Apr, 2020 11:42pm

Brief Recordings

The Searle Company Limited

The Searle Company Limited (PSX: SEARL) was established in 1965 as a private limited company. It was converted into a public limited company in 1993. International Brands Limited holds 56.6 percent of Searle Company, making former the holding company. The

Updated 29 Apr, 2020 05:11am

Global Business Economy

Eurozone firms rush for credit as households hold back

Eurozone firms' demand for credit "surged" as the coronavirus pandemic hit, the European Central Bank said Tuesday, while the outbreak is expected to dampen mortgage demand to historic lows.

Published 28 Apr, 2020 11:42pm

Energy

BP announces $4.4 billion quarterly loss

British energy giant BP on Tuesday said it slumped into a $4.4-billion net loss in the first quarter as the coronavirus pandemic crushed demand for oil, triggering a price crash.

Published 28 Apr, 2020 11:42pm

Global Business Economy

Mnuchin says US to audit virus relief loans after outcry

The United States will audit government-backed loans intended to relieve small businesses hit by the coronavirus to ensure they weren't taken out by large companies, Treasury Secretary Steven Mnunchin said Tuesday.

Published 28 Apr, 2020 11:42pm

Global Business Economy

3M earnings rise on demand for medical masks

Industrial giant 3M reported higher quarterly profits Tuesday on a jump in its health care business as it ramps up medical mask production amid surging demand in the coronavirus outbreak.

Published 28 Apr, 2020 11:42pm

Money & Banking

Euro banknotes safe to touch despite coronavirus: ECB

There is no significant risk of catching the coronavirus from euro banknotes, the European Central Bank said Tuesday, citing lab tests that showed the germs survived far longer on other surfaces.

Published 28 Apr, 2020 11:42pm

Global Business Economy

US consumer confidence, exports sink

US consumer confidence tumbled to near a six-year low in April as tough measures to curb the spread of the novel coronavirus sharply disrupted economic activity and threw millions of Americans out of work.

Published 28 Apr, 2020 11:42pm

Record 50m people displaced internally

Conflict and disaster forced more than 33 million people to flee within their own countries last year, putting them at greater risk amid the global COVID-19 pandemic, monitors said Tuesday.

Published 28 Apr, 2020 11:42pm

I Coast former PM Soro gets 20-year jail term for 'embezzlement'

An Ivory Coast court on Tuesday sentenced exiled former prime minister Guillaume Soro to 20 years in jail on charges of embezzlement and money laundering.

Published 28 Apr, 2020 11:42pm

IT & Computers

UK develops virus contact-tracing app despite privacy fears

A smartphone app developed by Britain's National Health Service (NHS) could be rolled out within three weeks, its technology chief said on Tuesday, despite privacy concerns.

Published 28 Apr, 2020 11:42pm

Fuel truck bomb kills over 30 in northern Syria

A fuel truck bomb killed 36 people including at least six Turkey-backed rebel fighters on Tuesday in a northern Syrian city controlled by Ankara's proxies, a war monitor said.

Published 28 Apr, 2020 11:42pm

Lebanese protesters back on the streets as economy crumbles

Lebanese protesters confronted army troops for a second day Tuesday as anger over a spiralling economic crisis re-energised a months-old anti-government movement in defiance of a coronavirus lockdown. Scuffles resumed in second city Tripoli in northern Le

Published 28 Apr, 2020 11:42pm

Global Business Economy

British Airways to slash 12,000 jobs

British Airways is to slash up to 12,000 jobs as part of a restructuring forced on the carrier by the fallout from the coronavirus, parent IAG said Tuesday.

Published 28 Apr, 2020 11:42pm

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

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

62,709 stranded Pakistanis registered abroad for swift repatriation

A total of 62,709 stranded Pakistani nationals have registered themselves with various mission of Pakistan abroad for swift repatriation from various countries amid lockdowns due to the Covid-19 pandemic.

Published 28 Apr, 2020 11:42pm

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

Business & Economy

Punjab Urban Development Projects: $15 million concessional loan agreement signed with ADB

The Government of Pakistan and the Asian Development Bank signed a concessional loan agreement amounting to USD $15 million for Punjab urban development projects, said a press release issued on Tuesday.

Published 28 Apr, 2020 11:42pm

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

Exclusion of NAO convicts from remission: SHC issues notices to Home Secy, IG Prisons

Sindh High Court (SHC) on Tuesday issued notices to Home Secretary and IG Prisons Sindh in a petition pertaining to exclusion of those convicted and sentenced under National Accountability Ordinance (NAO) from special remission granted due to outbreak of

Published 28 Apr, 2020 11:42pm

Minister visits JPMC, inquires after health of patients

Sindh Information Minister Syed Nasir Hussain Shah on Tuesday visited the Jinnah Hospital and inquired about the well-being of admitted patients.

Published 28 Apr, 2020 11:42pm

Money & Banking

Bank Alfalah records profit after tax of Rs 2.821 billion

The Board of Directors of Bank Alfalah Limited in its meeting held on April 26, 2020, approved the Bank's unaudited condensed interim financial statements for the quarter ended Mar 31, 2020.

Published 28 Apr, 2020 11:42pm

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

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

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

Commodities

Ivory Coast cocoa farmers fret over lack of rain

Well below average rainfall last week in most of Ivory Coast's cocoa regions has reduced expectations of a healthy mid-crop marketed from April to September, farmers said on Monday.

Published 28 Apr, 2020 11:42pm

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

Commodities

China's iron ore, steel futures slip after fall in industrial profits

Chinese iron ore and steel futures fell on Monday after industrial firms' profits contracted again in March, highlighting how the world's second biggest economy is yet to recover from the coronavirus crisis.

Published 28 Apr, 2020 11:42pm

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

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

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

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

Commodities

CBOT wheat futures down as weather improves

CBOT wheat futures fell on Monday as favorable weather forecasts in Europe strengthened crop production outlooks, traders said.

Published 28 Apr, 2020 11:42pm

Commodities

European wheat prices fall on forecasts of rain

European wheat prices edged lower on Monday as prospects for rain eased concerns about crop damage in Western Europe after dry weather during the past month.

Published 28 Apr, 2020 11:42pm

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

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

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

Money & Banking

Early trade in New York: Dollar drops against basket of currencies

The dollar dropped against a basket of other currencies for the second day on Tuesday as rising stocks reflected improving risk appetite, and as investors rebalanced portfolios for month-end.

Published 28 Apr, 2020 11:42pm

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

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

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

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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