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Print - 2020-05-08
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 08 May, 2020 12:05am
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 08 May, 2020 12:05am
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 Thursday (May 7, 2020).

Published 08 May, 2020 12:05am
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 Thursday (May 7, 2020).

Published 08 May, 2020 12:05am
BOARD MEETINGS
Stocks

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 08 May, 2020 12:05am
Member to Member
Stocks

Member to Member

The following transactions member to member subsequently reported on Thursday (May 7, 2020).

Published 08 May, 2020 12:05am
Shipping Intelligence
Schedules

Shipping Intelligence

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

Published 08 May, 2020 12:05am
Pakistan Mercantile Exchange - PMEX
Rates

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (May 7, 2020).

Published 08 May, 2020 12:05am
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (May 7, 2020).

Published 08 May, 2020 12:05am
Bullion Rates
Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (May 7, 2020).

Published 08 May, 2020 12:05am
The Weather

The Weather

The weather report on Thursday (May 7, 2020) and the forecast for Friday (May 8, 2020).

Published 08 May, 2020 12:05am
Cotton scales near one-week peak
Cotton & Textile

Cotton scales near one-week peak

ICE cotton futures rose to a near one-week high on Thursday helped by a positive US government export sales report that included sales to China and on hopes of more demand from the top consumer.
Published 08 May, 2020 12:05am
Oil rises on Saudi crude price increase, China data
Energy

Oil rises on Saudi crude price increase, China data

Oil prices climbed on Thursday, after Saudi Arabia raised official selling prices for its crude and a surprise rise in Chinese exports last month fed hopes for further rises in fuel demand.
Published 08 May, 2020 12:05am
Ufone provides best hybrid offer at competitive price
Telecommunication

Ufone provides best hybrid offer at competitive price

To ensure seamless connectivity round the clock, Pakistani telecom operator, Ufone has provided one of the best hybrid offers in a competitive price here on Thursday. Prepaid customers can stay connected through calls and Facebook all day by getting 500 m
Published 08 May, 2020 12:05am
Decision to ease lockdown taken with collective wisdom: Punjab CM

Decision to ease lockdown taken with collective wisdom: Punjab CM

Chief Minister Punjab Sardar Usman Buzdar said on Thursday that the decision to ease lockdown in a phased manner has been taken with collective consultation and unanimous decisions have also been taken in order to bring ease and facilitation in the lives
Published 08 May, 2020 12:05am
Punjab sets new guidelines for ADP 2020-21 in response to Covid-19

Punjab sets new guidelines for ADP 2020-21 in response to Covid-19

The Planning & Development Board Punjab arranged a high-powered meeting here on Thursday to prepare new guidelines for annual development programme 2020-21 in response to the financial and economic recovery phase after the natural calamity of Covid-19.
Published 08 May, 2020 12:05am
Euro dips to two-week low in Europe
Money & Banking

Euro dips to two-week low in Europe

The euro dipped to its lowest level in almost two weeks on Thursday, on nagging concern over the direction of the European Central Bank's stimulus scheme following a German court ruling earlier this week.
Published 08 May, 2020 12:05am
Early trade in New York: Dollar climbs to two-week high
Money & Banking

Early trade in New York: Dollar climbs to two-week high

The dollar climbed to two-week highs on Thursday, garnering more safe-haven bids, after yet another report showed millions more Americans took unemployment aid from the government in the latest week as the coronavirus pandemic continued to ravage the US e
Published 08 May, 2020 12:05am
Short-lived sterling rally curtailed
Money & Banking

Short-lived sterling rally curtailed

Sterling hit a 16-day low against the dollar on Thursday, despite some brief respite after the Bank of England's policy statement, dominated by uncertainty over how Britain will ease its coronavirus lockdown and Brexit.
Published 08 May, 2020 12:05am
China stocks down
Stocks

China stocks down

China stocks ended lower on Thursday, as investors remained cautious on a bleak trade outlook globally that could slow the recovery in the world's second largest economy from the coronavirus crisis. The Shanghai Composite index closed down 0.23% at 2,871.
Published 08 May, 2020 12:05am
London stocks rise
Stocks

London stocks rise

UK stock markets inched higher on Thursday, with investors looking past dismal quarterly earnings reports and hoping for a faster recovery from a deep coronavirus-led recession following a surprise rise in China's exports.
Published 08 May, 2020 12:05am
Japan shares ease
Stocks

Japan shares ease

Japanese shares eased on their return from a long holiday on Thursday, with airlines declining the most, as sentiment was dampened by Tokyo's move to extend a state of emergency and dour US economic data.
Published 08 May, 2020 12:05am
S&P, Dow drop
Stocks

S&P, Dow drop

The S&P 500 and the Dow fell on Wednesday as declines in financials and defensive groups countered gains in tech shares and as data showed US private employers laid off 20 million workers in April, underscoring the economic fallout of the coronavirus outb
Published 08 May, 2020 12:05am
European stocks pick up
Stocks

European stocks pick up

European shares closed higher on Thursday as a surprise rise in China's exports suggested some resilience in global demand, while a batch of mostly strong earnings also provided cheer.
Published 08 May, 2020 12:05am
Most Gulf stocks up; Saudi index bucks trend
Stocks

Most Gulf stocks up; Saudi index bucks trend

Most major bourses in the Gulf rebounded on Thursday, led by gains in banking stocks as traders bought on dips, but Saudi Arabia bucked the trend. The Abu Dhabi index gained 1%, buoyed by a 3.3% rise in the United Arab Emirates' (UAE) largest lender First
Published 08 May, 2020 12:05am
US natural gas falls on lower demand and exports
Energy

US natural gas falls on lower demand and exports

US natural gas futures fell almost 9% on Wednesday on forecasts for lower demand next week than previously expected and longer-term projections that businesses will use less of the fuel and exports will drop in coming months due to government lockdowns to
Published 08 May, 2020 12:05am
Cotton spot rates fall to Rs 8600
Cotton & Textile

Cotton spot rates fall to Rs 8600

Trading activities in cotton market were badly effected due to the rejection of the proposal of buying of cotton at Rs 4200 per maund through Trading Corporation of Pakistan by Economic Coordination Committe.
Published 08 May, 2020 12:05am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 91,065 tonnes of cargo comprising 48,974 tonnes of import cargo and 42,091 tonnes of export cargo including 6,290 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 08 May, 2020 12:05am
Euronext wheat futures steady for good weather
Commodities

Euronext wheat futures steady for good weather

Euronext wheat futures rose on Wednesday, consolidating above a six-week low, as traders assessed whether showers across Europe would be enough to stave off drought in its major grain belts, while a weaker euro helped underpin prices.
Published 08 May, 2020 12:05am
CBOT wheat futures ease
Commodities

CBOT wheat futures ease

Chicago Board of Trade wheat futures eased on forecasts for rain in key growing regions of the United States and Europe in the next week, providing some much-needed moisture for developing wheat crops in those areas, traders said.
Published 08 May, 2020 12:05am
Ivory Coast cocoa farmers fear low output
Commodities

Ivory Coast cocoa farmers fear low output

Below-average rainfall in Ivory Coast last week has raised fears of a cocoa supply shortage in the coming months and a weak end to the April-to-September mid-crop, farmers said on Monday.
Published 08 May, 2020 12:05am
CBOT corn futures slip
Commodities

CBOT corn futures slip

Chicago Board of Trade corn futures slipped on Wednesday, following a pullback in crude oil prices and mounting concern over domestic demand for feed use, traders said.
Published 08 May, 2020 12:05am
Trump urges China, Russia, US arms control in Putin call

Trump urges China, Russia, US arms control in Putin call

US President Donald Trump called Thursday for involving China in new arms control talks with Russia, telling his Russian counterpart Vladimir Putin that they need to avoid a "costly arms race," the White House said.
Published 08 May, 2020 12:05am
EU defends agreeing to Chinese censorship

EU defends agreeing to Chinese censorship

The EU on Thursday defended agreeing to let Beijing censor an article by European ambassadors published in Chinese media to remove a reference to the coronavirus originating in China.
Published 08 May, 2020 12:05am
Floods kill 65 in Rwanda

Floods kill 65 in Rwanda

Floods have left 65 dead in Rwanda and heavy rains swept away scores of houses, several bridges and farms, the government said Thursday, as similar scenes played out across East Africa.
Published 08 May, 2020 12:05am
Japan approves remdesivir for coronavirus treatment

Japan approves remdesivir for coronavirus treatment

Japan on Thursday authorised the antiviral drug remdesivir to treat coronavirus patients, the government said, with an eye to approving another medication Avigan this month.
Published 08 May, 2020 12:05am
Lawmakers endorse Netanyahu-Gantz government

Lawmakers endorse Netanyahu-Gantz government

Israeli Prime Minister Benjamin Netanyahu received crucial support in his bid to form a unity government Thursday, inching closer to ending more than a year of political deadlock.
Published 08 May, 2020 12:05am
China exports see surprise 3.5 percent jump, imports fall
Global Business Economy

China exports see surprise 3.5 percent jump, imports fall

China's exports saw a shock 3.5 percent rise in April despite the global impact of the coronavirus pandemic, official figures showed Thursday, partly due to rising medical exports.
Published 08 May, 2020 12:05am
Millions more Americans file for jobless benefits; productivity tanks
Global Business Economy

Millions more Americans file for jobless benefits; productivity tanks

Millions more Americans sought unemployment benefits last week, suggesting layoffs broadened from consumer-facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen.
Published 08 May, 2020 12:05am
British Airways parent dives into huge quarterly loss
Global Business Economy

British Airways parent dives into huge quarterly loss

British Airways owner IAG said Thursday it plunged into the red in the first quarter as the coronavirus pandemic grounded planes, adding that pre-crisis passenger demand would not return until 2023.
Published 08 May, 2020 12:05am
International tourism to plunge up to 80pc due to virus: UN
Global Business Economy

International tourism to plunge up to 80pc due to virus: UN

The number of international tourist arrivals could plunge by 60 to 80 percent in 2020 owing to the coronavirus, the World Tourism Organization said Thursday, revising its previous forecast sharply lower.
Published 08 May, 2020 12:05am
Grim economic data shows devastating impact of virus
Global Business Economy

Grim economic data shows devastating impact of virus

Evidence mounted of the devastating economic impact of the coronavirus pandemic on Thursday as hard-hit Europe moved to further ease lockdown measures that ground its economies to a halt.
Published 08 May, 2020 12:05am
Razzak, Uzbek Deputy PM discuss enhancement of trade
Business & Economy

Razzak, Uzbek Deputy PM discuss enhancement of trade

Abdul Razzak Dawood, Advisor to the Prime Minister on Commerce and Investment, had a conference call with Uzbek Deputy Prime Minister, Sardor Umurzakov,. Uzbek Ambassador to Pakistan, Furqat Sidikov, also joined the meeting in Ministry of Commerce, Islama
Published 08 May, 2020 12:05am
Five doctors test positive in Ratodero

Five doctors test positive in Ratodero

Five doctors, including two lady doctors, have tested positive for coronavirus in a Ratodero town on Thursday, according to District Health Officer (DHO).
Published 08 May, 2020 12:05am
Meezan Bank announces results for 1Q of 2020
Money & Banking

Meezan Bank announces results for 1Q of 2020

The Board of Directors of Meezan Bank in its meeting, held on May 05, 2020 approved the financial statements of the Bank for the quarter ended on March 31, 2020. The meeting was presided by Riyadh S.A. A. Edrees - Chairman of the Board; Faisal A. A. A. Al
Published 08 May, 2020 12:05am
Covid-19: Sindh reports 14 more deaths, 453 new cases

Covid-19: Sindh reports 14 more deaths, 453 new cases

The Sindh Chief Minister Syed Murad Ali Shah hyas urged the people of Sindh to be cautious and save themselves and their near and dear ones from the Covid-19. The CM said since March 19 when we had one death stemming from Covid-19 and today we have 14 dea
Published 08 May, 2020 12:05am