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Print - 2020-05-07
State Bank of Pakistan conversion rates
Rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 07 May, 2020 12:02am
Barclays bid rates and maximum rates for payment of interest
Rates

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 07 May, 2020 12:02am
Currency notes: exchange rates
Rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (May 6, 2020).

Published 07 May, 2020 12:02am
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 Wednesday (May 6, 2020).

Published 07 May, 2020 12:02am
BOARD MEETINGS
Stocks

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 07 May, 2020 12:02am
Member to Member
Stocks

Member to Member

The following transactions member to member subsequently reported on Wednesday (May 6, 2020).

Published 07 May, 2020 12:02am
Shipping Intelligence
Schedules

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 6, 2020).

Published 07 May, 2020 12:02am
Pakistan Mercantile Exchange - PMEX
Rates

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (May 6, 2020).

Published 07 May, 2020 12:02am
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 6, 2020).

Published 07 May, 2020 12:02am
Bullion Rates
Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 6, 2020).

Published 07 May, 2020 12:02am
The Weather

The Weather

The weather report on Wednesday (May 6, 2020) and the forecast for Thursday (May 7, 2020).

Published 07 May, 2020 12:02am
Oil dives over 5pc, below $30 a barrel
Energy

Oil dives over 5pc, below $30 a barrel

Oil dropped more than 5%, falling below $30 a barrel on Wednesday as US crude inventories ticked up and gasoline demand remained below normal seasonal levels, offsetting hopes for a recovery in demand as some countries ease coronavirus lockdowns.
Published 07 May, 2020 12:02am
Cotton gains on hopes of Chinese purchases
Cotton & Textile

Cotton gains on hopes of Chinese purchases

ICE cotton futures rebounded from a two-week low on Wednesday on expectations for increased buying from China ahead of a weekly US government export sales report.
Published 07 May, 2020 12:02am
PAD recovers fake pesticides

PAD recovers fake pesticides

The Punjab Agriculture Department (PAD) during a raid recovered fake pesticides worth Rs 5.5 million and arrested two persons from a dealer shop in the area of Kala Shah Kaku.
Published 07 May, 2020 12:02am
18th Amendment can be revisited: Saad

18th Amendment can be revisited: Saad

Former railways minister Khwaja Saad Rafiq on Wednesday said the 18th constitutional Amendment, is a man-made law and it could be revisited in the parliament.
Published 07 May, 2020 12:02am
Daily testing capacity rises to over 6,000: Buzdar

Daily testing capacity rises to over 6,000: Buzdar

Chief Minister Punjab Sardar Usman Buzdar said on Wednesday that daily testing capacity of the Punjab government has increased to more than six thousands corona tests, while around 5030 persons have been tested during the last 24 hours.
Published 07 May, 2020 12:02am
Tevta launches 'Hunarmand Ustad' online training programme

Tevta launches 'Hunarmand Ustad' online training programme

Under its digital transformation strategy, the Technical and Vocational Training Authority (TEVTA) has launched 'Hunarmand Ustad' online training programme for its teachers in collaboration with National Vocational and Technical Training Commission (NAVTT
Published 07 May, 2020 12:02am
PML-Q leaders move LHC against inquiries initiated by NAB

PML-Q leaders move LHC against inquiries initiated by NAB

The PML-Q leaders, Chaudhry Shujaat Hussain and Punjab Assembly Speaker Chaudhry Pervez Elahi, on Wednesday challenged before the Lahore High Court (LHC) 20-year-old inquiries initiated by the National Accountability Bureau (NAB) against them.
Published 07 May, 2020 12:02am
Euro keeps falling in Europe
Money & Banking

Euro keeps falling in Europe

The euro resumed its decline on Wednesday and the Japanese yen reached a seven-week high against the US dollar after a court decision challenged German participation in the euro zone's stimulus programme.
Published 07 May, 2020 12:02am
Sterling hits 12-day low against dollar
Money & Banking

Sterling hits 12-day low against dollar

The pound fell to a 12-day low against the dollar on Wednesday, ahead of a Bank of England meeting on Thursday where monetary policymakers will try to quantify the impact of the coronavirus on the world's fifth largest economy.
Published 07 May, 2020 12:02am
Yuan leads as Asian currencies slip
Money & Banking

Yuan leads as Asian currencies slip

Asian currencies weakened on Wednesday, with the Chinese yuan leading losses as the currency resumed trade after a long market holiday that saw a further spike in Sino-US tensions over the origin of the coronavirus pandemic.
Published 07 May, 2020 12:02am
FTSE 100 gains
Stocks

FTSE 100 gains

A jump in healthcare stocks lifted London's FTSE 100 on Wednesday, with investors remaining cautious about escalating US-China tensions and growing evidence of the economic damage from the COVID-19 pandemic.
Published 07 May, 2020 12:02am
Most SE Asian stocks end lower
Stocks

Most SE Asian stocks end lower

Most Southeast Asian stocks fell in low-volume trade on Wednesday as poor economic data capped risk sentiment, but Vietnam jumped more than 2% to its best session in more than a month.
Published 07 May, 2020 12:02am
Wall Street rises
Stocks

Wall Street rises

Wall Street's main indexes gained on Tuesday as healthcare stocks rallied, oil prices surged and a number of countries and US states eased coronavirus-induced restrictions in an attempt to revive their economies.
Published 07 May, 2020 12:02am
Wednesday's early trade: S&P, Nasdaq up
Stocks

Wednesday's early trade: S&P, Nasdaq up

The S&P 500 and Nasdaq rose on Wednesday on hopes of a pickup in business activity as states eased coronavirus-induced curbs, with investors also looking past a stunning 20 million plunge in US private payrolls last month.
Published 07 May, 2020 12:02am
European shares down
Stocks

European shares down

European shares ended slightly lower on Wednesday as a chilling GDP forecast undercut optimism about a swift economic recovery, even as several countries began easing coronavirus-related curbs.
Published 07 May, 2020 12:02am
China shares surge
Stocks

China shares surge

China shares settled higher on Wednesday as trading resumed after a week-long holiday, with investors awaiting follow-up supportive policies ahead of the annual parliament meeting to counter the economic fallout from the coronavirus outbreak.
Published 07 May, 2020 12:02am
Australian shares down, NZ up
Stocks

Australian shares down, NZ up

Australian shares ended lower in thin trade on Wednesday as investors took profits after two sessions of sharp gains, with banking stocks dominating the losses.
Published 07 May, 2020 12:02am
Major Gulf indexes fall
Stocks

Major Gulf indexes fall

Major stock markets in the Gulf ended lower on Wednesday as doubts about the easing of coronavirus lockdowns and simmering US-China tensions cast a shadow over global equity markets.
Published 07 May, 2020 12:02am
CBOT soyabean futures rise with strong energy markets
Commodities

CBOT soyabean futures rise with strong energy markets

Chicago soyabean futures climbed on Tuesday alongside strong energy markets and news of export sales to China, although gains were limited by active US planting and concerns about demand for livestock feed amid the coronavirus pandemic.
Published 07 May, 2020 12:02am
Traders reject proposal of buying cotton through TCP
Cotton & Textile

Traders reject proposal of buying cotton through TCP

Cotton Traders has termed the decision of Economic Coordination Committee of rejecting the proposal of buying of cotton at Rs 4200 per maund through Trading Corporation of Pakistan as win of investors and defeat of farmers.
Published 07 May, 2020 12:02am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 99,145 tonnes of cargo comprising 66,458 tonnes of import cargo and 32,687 tonnes of export cargo including 6,280 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 07 May, 2020 12:02am
European wheat futures rise from six-week low
Commodities

European wheat futures rise from six-week low

European wheat futures in Paris rose on Tuesday, as uncertainty over crop conditions in the Black Sea region, a weaker euro and firmness in Chicago generated a recovery from a six-week low hit on Monday.
Published 07 May, 2020 12:02am
PMEX daily trading report
Commodities

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,753. The traded value of metals, energy and COTS/FX was recorded at PKR 4.924 billion and the number of lots traded was 13,720.
Published 07 May, 2020 12:02am
CBOT wheat futures barely positive
Commodities

CBOT wheat futures barely positive

Chicago Board of Trade wheat futures settled just barely in positive territory, after waffling between gains and negative territory for much of Tuesday as traders weighed US wheat conditions and spring crop planting, traders said.
Published 07 May, 2020 12:02am
Haleeb Foods initiates relief against Covid-19

Haleeb Foods initiates relief against Covid-19

Joining the national efforts to reduce the socio-economic impact of the COVID-19 pandemic threat, Haleeb Foods, a pioneer dairy company of Pakistan has begun its relief-initiative by delivering the first consignment of food-hampers. This contribution was
Published 07 May, 2020 12:02am
Realme to launch mid-range 6 series smartphone
Telecommunication

Realme to launch mid-range 6 series smartphone

Realme Pakistan recently took the wraps off its premium mid-range 6 series by unveiling its first member realme 6i now its high time for realme fan to get ready for realme 6 and realme 6 Pro launch event next week which is among the most eagerly anticipat
Published 07 May, 2020 12:02am
Cement dispatches decline by 23.65pc in April
Business & Economy

Cement dispatches decline by 23.65pc in April

Cement dispatches in the country have declined in April 2020 by 23.65 percent to 3.52 million tons from 4.61 million tons in April 2019 as both exports and domestic markets crashed owing to the devastating impact of COVID-19.
Published 07 May, 2020 12:02am
Pace of uplift projects was satisfactory before Covid-19: minister

Pace of uplift projects was satisfactory before Covid-19: minister

Punjab Finance Minister Hashim Jawan Bakht has said that before Covid-19 pandemic, the pace of development projects was satisfactory, development expenditures and revenue collection was balanced, and huge investment was being made on health, education, in
Published 07 May, 2020 12:02am
Fahad & Hania join Vivo as brand ambassadors

Fahad & Hania join Vivo as brand ambassadors

Vivo, the global innovative smartphone brand has announced Fahad Mustafa and Hania Amir as the Brand Ambassadors for the upcoming Vivo V19 in Pakistan.
Published 07 May, 2020 12:02am
NAVTTC, ILO join hands

NAVTTC, ILO join hands

The National Vocational and Technical Training Commission (NAVTTC) and International Labour Organization (ILO) joined hands to explore mitigating strategy for technical and vocational training during the Covid-19, said a press release issued on Wednesday.
Published 07 May, 2020 12:02am
PACRA maintains IFS rating of UIC

PACRA maintains IFS rating of UIC

The Pakistan Credit Rating Agency (PACRA) has maintained the IFS rating of the United Insurance Company (UIC).
Published 07 May, 2020 12:02am
Quake strikes in Indonesia's Banda Sea, no tsunami alert

Quake strikes in Indonesia's Banda Sea, no tsunami alert

A 6.8 magnitude earthquake jolted a remote part of eastern Indonesia late Wednesday, the United States Geological Survey said, but there was no tsunami warning issued and no immediate reports of damage. The undersea quake struck at a depth of some 107 kil
Published 07 May, 2020 12:02am
Facebook reveals members of its 'supreme court' for content
IT & Computers

Facebook reveals members of its 'supreme court' for content

Facebook on Wednesday announced the first members of its independent "supreme court" empowered to make binding decisions about what content should be allowed or removed at the social network and Instagram.
Published 07 May, 2020 12:02am
Britain's construction at record low

Britain's construction at record low

Britain's construction sector suffered a record drop in activity during April as the coronavirus pandemic shut sites, data showed Wednesday alongside news of surging food sales at online supermarket Ocado.
Published 07 May, 2020 12:02am
Uber cuts 3,700 jobs
Global Business Economy

Uber cuts 3,700 jobs

Uber said Wednesday it was cutting 3,700 jobs amid a huge slump in its ride-hailing operations during the pandemic.
Published 07 May, 2020 12:02am
India's services sector plunges
Global Business Economy

India's services sector plunges

India's key services sector plummeted last month, data showed Wednesday, indicating a severe slowdown across Asia's third-largest economy which has been under a lockdown for six weeks to tackle coronavirus.
Published 07 May, 2020 12:02am
Sri Lanka slashes interest rates
Global Business Economy

Sri Lanka slashes interest rates

Sri Lanka's central bank cut interest rates by 50 basis points Wednesday in a bid to revive a sluggish economy reeling from the coronavirus pandemic and the 2019 Easter bomb attacks.
Published 07 May, 2020 12:02am
US private payrolls dive by a record 20.2m
Global Business Economy

US private payrolls dive by a record 20.2m

US private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for historic job losses last month.
Published 07 May, 2020 12:02am
In Finland, basic income boosts well-being but not jobs
Global Business Economy

In Finland, basic income boosts well-being but not jobs

An experiment giving 2,000 unemployed an unconditional, tax-free payment every month created happier citizens but failed to markedly increase employment levels, Finnish researchers said on Wednesday.
Published 07 May, 2020 12:02am
Sanjrani for restoring domestic PIA flights

Sanjrani for restoring domestic PIA flights

Senate Chairman Sadiq Sanjrani on Wednesday called upon the government to restore domestic flights of the Pakistan International Airlines (PIA) in order to ensure the attendance of senators in the upcoming session of the Upper House of the Parliament.
Published 07 May, 2020 12:02am