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Dec 03, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2020-04-30
Irrfan Khan dies at 53

Irrfan Khan dies at 53

Acclaimed Indian actor Irrfan Khan, whose international movie career included hits such as "Slumdog Millionaire", "Life of Pi" and "The Amazing Spider-Man", has died aged 53, his publicist said Wednesday.
Published 30 Apr, 2020 12:07am
Civil servants' retirement: PM directs ED to implement new rules

Civil servants' retirement: PM directs ED to implement new rules

Prime Minister Imran Khan Wednesday issued directives to the Establishment Division for implementation of new rules for retirement of civil servants, and exercise laid under the rules must be completed within a month, so that the performance of civil serv
Published 30 Apr, 2020 12:07am
POL products: Ogra recommends up to 56.8 percent price reduction

POL products: Ogra recommends up to 56.8 percent price reduction

The Oil and Gas Regulatory Authority (Ogra) has recommended up to 56.8 percent reduction in the prices of petroleum products for May as a result of falling global crude oil prices and suppressed demand due to the COVID-19.
Published 30 Apr, 2020 12:07am
Foreign banks: Ministry urged to avoid loans at present rates

Foreign banks: Ministry urged to avoid loans at present rates

The Economic Affairs Division (EAD) has recommended the Finance Ministry to avoid heavy reliance on borrowing from foreign commercial banks at prevailing market rates for plugging fiscal as well as balance of payments gaps, as it is not only expensive but
Published 30 Apr, 2020 12:07am
Debt payment relief from G-20: Concessionary loans face prospect of ban

Debt payment relief from G-20: Concessionary loans face prospect of ban

Economic Affairs Division (EAD) has reportedly cautioned the government that Pakistan will be bound to disclose its public sector debts including those under the CPEC and face a ban on new concessional loans in case of availing debt payment relief from G-
Published 30 Apr, 2020 12:07am
PIA put under Essential Services Act

PIA put under Essential Services Act

The federal government has put the services of the Pakistan International Airlines Corporation Limited (PIACL) under the "Essential Services" act with immediate effect for the next six months.
Published 30 Apr, 2020 12:07am
Rouhani phones PM

Rouhani phones PM

Prime Minister Imran Khan received a telephone call from President of Iran, Dr. Hassan Rouhani on Wednesday in the context of greetings for the Holy month of Ramazan. The two leaders had exchange of views on recent situation of COVID-19 and locust spread
Published 30 Apr, 2020 12:07am
RSIAs launch: PSX proposes mechanism, regulatory structure

RSIAs launch: PSX proposes mechanism, regulatory structure

Pakistan Stock Exchange (PSX) has proposed the federal government to introduce a mechanism and regulatory structure for the launch of registered savings and investment accounts (RSIAs) to help channel savings towards productive investments.
Published 30 Apr, 2020 12:07am
Validity of visas to foreign nationals extended

Validity of visas to foreign nationals extended

The government on Wednesday further extended validity of all types of visas issued to foreign nationals till June 30 as part of its measures to prevent the outbreak of the coronavirus.
Published 30 Apr, 2020 12:07am
Banks will remain closed on Labour Day

Banks will remain closed on Labour Day

The State Bank of Pakistan (SBP) and all banks will remain closed on 1st May, 2020 (Friday) on the occasion of "Labour Day" as declared by the Government of Pakistan.
Published 30 Apr, 2020 12:07am
FBR HQ shut following detection of corona case

FBR HQ shut following detection of corona case

The Federal Board of Revenue (FBR) headquarters building here was closed on Wednesday after a coronavirus positive case was detected among one of its officials. However, an official told BR that the building has not been sealed. Sanitization work will con
Published 30 Apr, 2020 12:07am
FIA unable to proceed against cyber criminals

FIA unable to proceed against cyber criminals

The Federal Investigation Agency's (FIA) cyber crime wing is unable to proceed against cyber criminals as Google and other social giants are not ready to provide cyber crime data to the agency.
Published 30 Apr, 2020 12:07am
Absence of informed assessments
Letters

Absence of informed assessments

This is apropos a Business Recorder op-ed 'Budget-making in a pandemic' carried by the newspaper yesterday. The writer, M Ziauddin, seems to have made an interesting argument by saying that "Pakistan's economy which was already in the intensive car
Published 30 Apr, 2020 12:07am
Sugar scandal: Who is the real culprit?
Articles

Sugar scandal: Who is the real culprit?

Yet another scandal, and yet another burst of public outcry. Financial scams now seem to be part and parcel of our governance. However, the most surprising aspect about the recent revelations contained in the FIA report is that it's a surprise at all! The
Published 30 Apr, 2020 12:07am
NFC Award

NFC Award

The National Finance Commission (NFC) Awards have a chequered history. Of the nine NFCs since 1973, only four were able to deliver Awards. Five, including the current ninth one, failed to do so because of a lack of consensus amongst the federal and provin
Updated 30 Apr, 2020 10:19pm
Capture of state resources

Capture of state resources

Prime Minister Imran Khan in a recent tweet maintained that to uplift the poor out of poverty would require breaking the monopoly of the "elite capture of our state and of our nation's resources and redistribute these resources more equitably" - a quote f
Updated 30 Apr, 2020 10:17pm
PBIF chief for reopening of SMEs
Business & Economy

PBIF chief for reopening of SMEs

Pakistan Businessmen and Intellectual Forum (PBIF) president Mian Zahid Hussain has emphasised the need that small and medium businesses should be reopened on condition of following SOPs in letter and spirit so that they can escape bankruptcy.
Published 30 Apr, 2020 12:07am
Otsuka Pakistan Limited
Brief Recordings

Otsuka Pakistan Limited

Otsuka Pakistan Limited (PSX: OTSU) was established in 1988, as a public limited company. However, it did not start commercial production until September 1989. It is indirect subsidiary of Otsuka Pharmaceutical Company Limited, Japan.
Updated 30 Apr, 2020 06:02am
Accused of attack on police was killed

Accused of attack on police was killed

Accused of attack on police was killed in exchange of fire during an attempt of arrest him here on Wednesday. According to details, the culprit Asif Siddique has attacked CIA Model Town and Civil Lines policemen in Ghaziabad the other day injuring four pe
Published 30 Apr, 2020 12:07am
Buzdar inaugurates Tiger Force in Sialkot

Buzdar inaugurates Tiger Force in Sialkot

Chief Minister of Punjab Sardar Usman Buzdar on Wednesday has arrived in Sialkot to review arrangements made for the treatment of coronavirus patients. According to details, the CM has inaugurated coronavirus Tiger Force after successful completion of its
Published 30 Apr, 2020 12:07am
Parliamentarians endorse option of holding physical NA session

Parliamentarians endorse option of holding physical NA session

The Parliamentary leaders in the National Assembly on Wednesday endorsed the option of holding physical session of the National Assembly instead of virtual one with adoption of health guidelines and standard operating procedures (SOPs).
Published 30 Apr, 2020 12:07am
Pakistan summons Indian diplomat over ceasefire violations

Pakistan summons Indian diplomat over ceasefire violations

Pakistan summoned senior Indian diplomat on Wednesday and registered 'strong protest' over the ceasefire violations by the Indian troops along the Line of Control (LoC) on April 28, resulting in serious injuries to innocent civilians, the Foreign Office s
Published 30 Apr, 2020 12:07am
Appointment of interim CM: GB advocate general submits reply in SC

Appointment of interim CM: GB advocate general submits reply in SC

The Advocate General of Gilgit-Baltistan (GB) Muhammad Iqbal has filed the reply in Supreme Court that the appointment of interim chief minister for the GB be made in accordance with Article 224-1A of the Constitution of Pakistan.
Published 30 Apr, 2020 12:07am
China extends help to fight locust infestations

China extends help to fight locust infestations

China shipped pesticide and equipment to help Pakistan fight the second wave of locust infestations likely to approach again, Chinese Ministry of Agriculture and Rural Affairs said.
Published 30 Apr, 2020 12:07am
Engro Foundation to provide Rs20m to SKMCH&RC
Business & Economy

Engro Foundation to provide Rs20m to SKMCH&RC

Engro Foundation, the social investment arm of Engro Corporation, has committed to provide Rs 20 million in financial assistance to Shaukat Khanum Memorial Cancer Hospital and Research Centre to expand COVID-19 testing capacity across Southern Punjab and
Published 30 Apr, 2020 12:07am
REAP urges govt to exempt rice exporters from exports ban

REAP urges govt to exempt rice exporters from exports ban

Rice Exporters Association of Pakistan (REAP) reacting to information of a ban on export of all edible items by Pakistan, has urged the Ministry of National Food Security & Research (MNFS&R) not to apply this ban on rice exports.
Published 30 Apr, 2020 12:07am
Loan defaulters trying their luck?
Money & Banking

Loan defaulters trying their luck?

Defaulters of bank loans are said to be trying their luck by applying for rescheduling of loans under the State Bank of Pakistan (SBP) scheme for rescheduling of loans due to the Coronavirus pandemic.
Published 30 Apr, 2020 12:07am
CBOT wheat futures modestly higher
Commodities

CBOT wheat futures modestly higher

US wheat futures saw a modest lift on Tuesday as evidence of frost damage in the US Plains has tempered yield potentials, while improving weather in Europe and the Black Sea region muted gains, traders said.
Published 30 Apr, 2020 12:07am
US natural gas futures rise on slowing output
Energy

US natural gas futures rise on slowing output

US natural gas futures rose on Tuesday with a continued slowdown in output as drillers shut oil wells in shale basins due to the collapse in crude prices. Those oil wells also produce a lot of gas.
Published 30 Apr, 2020 12:07am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 128,948 tonnes of cargo comprising 100,620 tonnes of import cargo and 28,328 tonnes of export cargo including 7,384 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 30 Apr, 2020 12:07am
Ginners unable to sell cotton stock due to lockdown
Cotton & Textile

Ginners unable to sell cotton stock due to lockdown

Ginners are in immense pressure as they are unable to sell cotton seed cake and stock of around five lac bales of cotton due to the continuous lockdown for the past one and a half month due to coronavirus.
Published 30 Apr, 2020 12:07am
CBOT corn futures slide
Commodities

CBOT corn futures slide

Chicago Board of Trade corn futures fell on Tuesday for a third straight session on strong planting progress across the US Midwest and continued demand destruction in the ethanol sector as coronavirus lockdowns have slashed global fuel consumption.
Published 30 Apr, 2020 12:07am
Asian currencies up
Money & Banking

Asian currencies up

Asian currencies gained ground against a weaker dollar on Wednesday as moves to ease coronavirus-driven restrictions in several countries boosted risk appetite, while upbeat factory data lifted the South Korean won.
Published 30 Apr, 2020 12:07am
Sterling recovers against dollar
Money & Banking

Sterling recovers against dollar

Sterling recovered versus the dollar but remained down against the euro on Wednesday, as Britain showed no signs of easing its coronavirus lockdown, even as other European countries laid out plans to re-open their economies.
Published 30 Apr, 2020 12:07am
Dollar hovers above 2-week low in Europe
Money & Banking

Dollar hovers above 2-week low in Europe

The dollar held shy of two-week lows against its rivals on Wednesday, with high-yielding currencies leading gainers as investors bet on central bank easing to remain even as partial lifting of coronavirus lockdowns grew.
Published 30 Apr, 2020 12:07am
Temperature may hit 38 in city

Temperature may hit 38 in city

The city's temperature is likely to range up to 38 Celsius in the next 24 hours, the Met Office said on Wednesday. It said the metropolis is expected to witness a hot and humid weather with humidity ranging up to 80 percent."A shallow westerly wave is sti
Published 30 Apr, 2020 12:07am
Clarification
Energy

Clarification

This is with reference to the news item titled "Govt mulling doing away with deemed duty on HSD sales" published in Business Recorder dated April 28, 2020 whereby it has been stated that Federal Government is considering removing deemed duty on hig
Published 30 Apr, 2020 12:07am
Oil posts double-digit gains after US crude storage build slows
Energy

Oil posts double-digit gains after US crude storage build slows

Oil prices surged more than 10% on Wednesday after US crude stockpiles grew less than expected and gasoline posted a surprise draw, feeding optimism that fuel consumption will recover as some European countries and US state ease coronavirus lockdowns.
Published 30 Apr, 2020 12:07am
The Weather

The Weather

The weather report on Wednesday (April 29, 2020) and the forecast for Thursday (April 30, 2020).

Published 30 Apr, 2020 12:07am
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (April 29, 2020).

Published 30 Apr, 2020 12:07am
Pakistan Mercantile Exchange - PMEX
Rates

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (April 29, 2020).

Published 30 Apr, 2020 12:07am
Shipping Intelligence
Schedules

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 29, 2020).

Published 30 Apr, 2020 12:07am
Member to Member
Stocks

Member to Member

The following transactions member to member subsequently reported on Wednesday (April 29, 2020).

Published 30 Apr, 2020 12:07am
BOARD MEETINGS
Stocks

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 30 Apr, 2020 12:07am
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