News Archives for Print - 2020-05-11

Print - 2020-05-11

Sindh's death ratio lower than KP, Punjab: Murad

Sindh Chief Minister Syed Murad Ali Shah sharing the bulletin of coronavirus with the trader community whom he met at Sindh Assembly building has said that 709 new cases have emerged when 4215 samples were tested while nine more patients lost their lives

Published 11 May, 2020 12:04am

A mockery of minority rights

Political and religious leaders in this country never tire of paying lip service to minorities' rights but remain hesitant to help secure them. A case in point is the 2014 verdict of the Supreme Court resulting from a suo motu notice taken by the then chi

Published 11 May, 2020 12:04am

As the economy reopens

The prime minister held nothing back as he laid out the facts related to relaxing the lockdown before the nation the other day. He is right that we must now open up the economy even though the curve, measuring new coronavirus infections is still rising pr

Published 11 May, 2020 12:04am

Business & Economy

KP CM directs wellbeing policy for labourers

KP Chief Minister Mahmood Khan has directed framing of a uniform policy framework for the wellbeing of labourers in the province to protect their basic rights in the province.

Published 11 May, 2020 12:04am

Commodities

Prices of essential food items remain high

Prices of essential food commodities, including live chicken/meat, pulses, vegetable, flour, beverage and others have remained 'high-side' in retail market, according to survey conducted by Business Recorder here on Sunday.

Published 11 May, 2020 12:04am

Dr Saeed made Punjab TB Control Programme head

The Primary and Secondary Healthcare Department has appointed Dr Saeed Ghumman as head of Punjab TB Control Programme replacing Dr Aamir Nazir.

Published 11 May, 2020 12:04am

Universities' non-teaching staff: Salary increase, MPhil & PhD allowances urged

The Federation of All Pakistan Public Sector Universities Administrative Officers Association (FAPPUAOA) has sent a letter to the chairman of Pay & Pension Commission, Finance Division, Govt of Pakistan, Wajid Rana apprising him of the disparities, injust

Published 11 May, 2020 12:04am

Mayor pays tribute to health workers combating Covid-19

Mayor Karachi Wasim Akhtar Sunday paid tribute to health workers who are fighting from the front against Covid-19 and said that five doctors and seven paramedics working at hospitals under administrative control of the Karachi Metropolitan Corporation hav

Published 11 May, 2020 12:04am

Nine dead bodies recovered from canal

Nine bodies out of total 12 recovered following a van fell into Sidhnai-Mailsi link canal. Twelve persons of a family went missing on mid night between Saturday and Sunday, after their van fell into Sindhnai Mailsi Link Canal.

Published 11 May, 2020 12:04am

PTI leader accuses Sindh government of spreading panic

Pakistan Tehreek-e-Insaf (PTI) vice president (Central) and parliamentary leader in Sindh Assembly, Haleem Adil Sheikh has said the Sindh government instead of providing facilities to fight the Covid-19, is spreading panic and its traditional mismanagemen

Published 11 May, 2020 12:04am

B'stan is integral part of Pakistan: PTI leader

Pakistan Tehreek-e-Insaf Vice President and Former President FPCCI, Fehmida Jamali rejected Indian notion regarding Balochistan. Actually India is deathly scared of the dissension within Kashmiris against them. It even refuses to return their dead after t

Published 11 May, 2020 12:04am

Cotton & Textile

WEEKLY COTTON REVIEW: Stock holders hope trading activities will start

It is hoped that trading activities will start in the cotton market after the government has given the permission to the textile sector to resume their operations. Cotton crop is under threat of Locust attack. Summary of fixing the support price of cotton

Published 11 May, 2020 12:04am

Articles

Eighteenth Amendment: Why has it become controversial?

Asif Ali Zardari as President signed two documents much appreciated at the time that have become the subject matter of intense politicking in recent months notably the seventh National Finance Commission (NFC) award and the eighteenth constitutional amend

Published 11 May, 2020 12:04am

Business & Economy

South America, Africa: FCCI president calls to focus on unconventional markets

Pakistan must focus on exploiting non-traditional markets during post corona era in order to overcome the huge losses its exports suffered during the lockdown period. In this connection Government and exporters must focus on unexploited South American and

Published 11 May, 2020 12:04am

Buzdar allows 'home isolation' of Covid-19 patients

On the recommendations of Corona Expert Advisory Group and Technical Working Group, Punjab Chief Minister Sardar Usman Buzdar has granted permission for home isolation of coronavirus patients and the Primary & Secondary Healthcare Department has issued a

Published 11 May, 2020 12:04am

PTI government doesn't believe in political victimisation: Sarwar

Punjab Governor Chaudhry Mohammad Sarwar said on Sunday that Pakistan Tehreek-e-Insaf (PTI) government does not believe in political victimization and stresses that the opposition should come one same page with the government to combat the spread of dread

Published 11 May, 2020 12:04am

1991 new cases of Covid-19 reported

Coronavirus cases have increased to 29,465 on Sunday with 1,991 new cases reported during the last twenty four hours and 21 deaths. According to NCOC website, 11,093 cases have so far been detected in Punjab, 10,771 in Sindh, 4,509 in Khyber Pakhtunkhwa,

Published 11 May, 2020 12:04am

Rates of daily-use commodities: Officers directed to ensure reduction

Punjab Chief Secretary has directed the officers to ensure reduction in rates of daily-use commodities for passing the benefit of decrease in POL prices directly to people. He issued these directions during a meeting presided over by Provincial Law Minist

Published 11 May, 2020 12:04am

Covid-19 treatment: Clinical trial begins to assess blood plasma therapy

Expressing concern over surge in the number of coronavirus patients and rising death toll across the country with every passing day, health professionals called for strict enforcement of precautionary measures to check the spread of disease.

Published 11 May, 2020 12:04am

Retired teachers file appeals over Time Scale denial

Many retired principals and teachers of educational institutions run by the Federal Directorate of Education (FDE) have filed representations/appeals before the Secretary, Ministry of Education and Professional Training against the denial of grant of Time

Published 11 May, 2020 12:04am

Business & Economy

FPCCI holds pre-budget consultative meeting with Razak

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) held a pre-budget consultative meeting with Abdul Razak Dawood, Adviser to PM for Commerce, Textile and Investment, on Video-link, and discussed its proposals for the forthcoming Federal Budge

Published 11 May, 2020 12:04am

Business & Economy

Moveable assets as collateral for loans: Electronic registry set to benefit micro, small & medium enterprises

Pakistan's micro, small and medium sized enterprises and individual consumers are set to benefit from the creation of an electronic registry that allows for the country's financial institutions to use moveable assets such as agricultural produce as collat

Published 11 May, 2020 12:04am

Business & Economy

PSX executes best risk management practices: MD

Managing Director and Chief Executive Officer (CEO) of Pakistan Stock Exchange, Farrukh H Khan said the exchange had Implemented best risk management practices to safeguard investors and ensure its smooth functioning.

Published 11 May, 2020 12:04am

Traders reject to close shops three days a week

Local traders here rejected the government's decision that shop will remain closed on Friday, Saturday and Sundays except the already identified essential ones.

Published 11 May, 2020 12:04am

Economist explains why there has been less PSDP spending

The government's claim of releasing Rs 541.6 billion under the Public Sector Development Programm (PSDP) in the current fiscal year (as of May 8) is higher than the International Monetary Fund (IMF) projection of Rs 488 billion for the entire current fisc

Published 11 May, 2020 12:04am

Oil price hedging plan prepared

The Petroleum Division has prepared call option-based oil hedging plan for one year or two years through some selected banks. It will be submitting hedging plan to Economic Coordination Committee (ECC) of cabinet anytime soon, well-informed sources told <

Published 11 May, 2020 12:04am

LUMS issues clarification about fees

This note further clarifies a memo sent recently about fees. There has unfortunately been significant misinformation on social media, and it is important to clarify that students at LUMS will not pay any more than what they had committed to pay. In fact,

Published 11 May, 2020 12:04am

Cricket

PCB online sessions with cricket greats termed beneficial

The series of online sessions of cricket greats with current and emerging red and white-ball cricketers to help them remain focused and make optimum use of their time in the wake of COVID-19 lockdown was ended.

Published 11 May, 2020 12:04am

Business & Economy

PCMAEA seeks access to new int'l markets to boost exports

Pakistan Carpet Manufacturers and Exporters Association (PCMAEA) has called for devising a new strategy with innovation to get access to new international markets in a bid to boost exports to fetch much needed forex for the country.

Published 11 May, 2020 12:04am

Futures spread up by 808bps

The futures spread increased by 808bps to 12.01 percent on the last day of the outgoing week.

Published 11 May, 2020 12:04am

Equities remain under pressure

Pakistan Stock Exchange remained under pressure and closed on negative note due to selling by both local and foreign investors during the week ended May 8, 2020.

Published 11 May, 2020 12:04am

Exporters for restoring zero-rating ST regime

Exporters have proposed to Prime Minister Imran Khan for restoration of sales tax zero-rating regime in budget (2020-21) following inability of Fully Automated Sales Tax e-Refund System (FASTER) to directly credit refunds into the exporters' bank accounts

Published 11 May, 2020 12:04am

Government to use tech tracing cases, identify virus hotspots: Umar

The government has singed an agreement to get the large rural network engage for providing support to the people in corona-hit areas identified for smart lockdown.

Published 11 May, 2020 12:04am

Sindh to reopen markets, retail outlets today

Sindh Chief Minister Syed Murad Ali Shah in his meeting with small traders associations announced to open shops and markets, except plaza and shopping malls, from today (Monday) morning under an SOP he shared with them.

Published 11 May, 2020 12:04am

SAB to review price, stock of sugar today

Minister for Industries and Production Hammad Azhar will be chairing his first meeting of the Sugar Advisory Board (SAB) on Monday (today) to review price and stock position of sugar in the country.

Published 11 May, 2020 12:04am

China refutes 24 'lies' by US politicians over coronavirus

China has issued a lengthy rebuttal of what it said were 24 "preposterous allegations" by some leading US politicians over its handling of the new coronavirus outbreak.

Published 11 May, 2020 12:04am

More than 4,000 utility stores functioning: USC chairman

Utility Stores Corporation (USC) chairman Zulqarnain Ali Khan on Sunday said under the directives of Prime Minister Imran Khan, more than four thousand utility stores and 500 franchises were providing 19 different articles of daily use to the masses durin

Published 11 May, 2020 12:04am

EU threatens action against Germany over court row

European Commission chief Ursula von der Leyen has raised the spectre of legal action against Germany after the country's highest court issued harsh criticism of the bloc's top court.

Published 11 May, 2020 12:04am

India, China in high-altitude fistfight

Several Indian and Chinese soldiers were injured in a high-altitude cross-border clash involving fistfights and stone-throwing at a remote but strategically important mountain pass near Tibet, the Indian Army said Sunday.

Published 11 May, 2020 12:04am

CCP Appellate Tribunal: CJP being consulted to appoint retired judge

Ministry of Law and Justice is reportedly consulting Chief Justice Supreme Court of Pakistan for appointment of a retired judge to fill vacancies in Appellate Tribunal of Competition Commission of Pakistan (CCP).

Published 11 May, 2020 12:04am

PM, COAS inquire after NA speaker

Prime Minister Imran Khan and Chief of Army Staff (COAS) Gen Qamar Javed Bajwa on Sunday telephoned National Assembly Speaker Asad Umar to inquire about his health.

Published 11 May, 2020 12:04am

ZTBL president starts structural reforms

President Zarai Tarqiati Bank Limited, Shahbaz Jameel has reportedly started structural reforms in the bank by inducting experienced bankers from renowned banks and technology driven changes.

Published 11 May, 2020 12:04am

Public sector: PM seeks plans to carry out reforms

Prime Minister Imran Khan has directed all the ministries/ divisions to immediately establish think tanks to identify the opportunities due to the crisis and carry out reforms to improve the performance of public sector organizations, well informed source

Published 11 May, 2020 12:04am

Kulbhushan Jadhav case: Pakistan rejects Indian counsel's statements

Pakistan rejects inaccurate statements made by the Indian legal counsel in Kulbhushan Jadhav case and stated that Pakistan has fully complied with the judgment and remains committed to continue doing so as the case proceeds further

Published 11 May, 2020 12:04am

Athar Shah Khan dies

Legendary comedian, poet and writer Athar Shah Khan Jaidi passed away here on Sunday at the age of 77. He was under treatment at a local hospital after suffering a stroke.

Published 11 May, 2020 12:04am

Letters

Out of the box solutions

Prime minister Imran Khan has reportedly asked his economic team led by Dr Hafeez Sheikh to come up with some out of the box solutions to deal with growing economic challenges. Such solutions, according to him, must characterise government's approach to n

Published 11 May, 2020 12:04am

Articles

Attempting to demystify mafia

I only write this article because the most overused term on the media of Pakistan is the word 'Mafia'. Sheikh Rashid, the Nostradamus of Pakistan, starts and ends his interviews with this word. The citizens of this hapless country have been overexposed to

Published 11 May, 2020 12:04am

Articles

Challenging the leadership mettle

Tough situations do not last, tough leaders do. In case of coronavirus crisis the tough situation seems to last indefinitely. That is why the bigger challenge, with the threat of Corona lurking around is what can leaders do to save people's lives, livelih

Published 11 May, 2020 12:04am

Global Business Economy

Egypt's headline inflation rises to 5.9 percent in April

Egypt's annual urban consumer price inflation rate increased to 5.9% in April from 5.1% in March, the official statistics agency CAPMAS said on Sunday, a rate higher than analysts had expected on the back of rising food prices.

Published 11 May, 2020 12:04am

Money & Banking

Dollar set to keep shining through coronavirus pandemic

The US dollar will continue to dominate currency markets for at least another three months as investors prefer the safety of the greenback in a world fraught with risks emanating from the coronavirus crisis, a Reuters poll showed.

Published 11 May, 2020 12:04am

Stocks

Wall Street week ahead: Data deluge to underscore roaring market, plunging economy divide

A week packed with US economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpening the debate on whether a rebound in stocks has been justified amid an unprecedented slowdown.

Published 11 May, 2020 12:04am

Money & Banking

Turkey may lift lira transaction ban on foreign banks

Turkey's banking watchdog may lift a transaction ban it imposed on BNP Paribas, Citibank and UBS if they fulfil their lira liabilities but an investigation into the three banks will continue, its head said on Sunday according to the state-owned Anadolu ne

Published 11 May, 2020 12:04am

Global Business Economy

Musk threatens removing Tesla from California

Tesla chief Elon Musk on Saturday threatened to pull his electric car headquarters and plant out of California after local authorities kept him from resuming production due to the coronavirus pandemic.

Published 11 May, 2020 12:04am

Energy

Syria further rations subsidised petrol

Syria's government Sunday banned cars with large engines from receiving subsidised petrol in the latest move to curb a hydrocarbon crisis in the war-torn country the government blames on sanctions.

Published 11 May, 2020 12:04am

Money & Banking

Rated Gulf banks can absorb up to $36 billion shock before moving into red: S&P

Rated banks in the Gulf can absorb up to a $36 billion shock before depleting their capital bases, S&P Global Ratings said on Sunday, adding that banks in Bahrain, Oman and the United Arab Emirates are the most vulnerable to increases in cost of risk.

Published 11 May, 2020 12:04am

Global Business Economy

Emirates predicts 18-month lull in air demand

Gulf aviation giant Emirates said Sunday it would take at least 18 months for travel demand to return to "a semblance of normality", despite reporting bumper pre-pandemic profits. The Dubai carrier, the largest in the Middle East, posted 1.1 billion dirha

Published 11 May, 2020 12:04am

US to start purchasing $3bn worth of farm goods: Trump

President Donald Trump on Saturday said the United States will next week begin purchasing $3 billion worth of dairy, meat and produce from farmers as unemployment soars and people are forced to food lines.

Published 11 May, 2020 12:04am

IT & Computers

Pandemic gives fresh momentum to digital voice technology

In a world suddenly fearful of touch, voice technology is getting a fresh look. Voice-activated systems such as Google Assistant, Amazon Alexa and Apple's Siri have seen strong growth in recent years, and the virus pandemic could accelerate that, analysts

Published 11 May, 2020 12:04am

Money & Banking

Crisis costing Swiss economy $11-17 billion per month

Switzerland's central bank chief said in an interview published by Swiss media Sunday that the coronavirus crisis was costing the Swiss economy up to $17 billion each month.

Published 11 May, 2020 12:04am

Global Business Economy

French, Dutch join forces to urge EU to show teeth on trade

France and the Netherlands have joined forces to urge the European Union to enforce environmental and labour standards more forcefully with countries the bloc signs trade deals with, according to a document seen by Reuters.

Published 11 May, 2020 12:04am

Stocks

Asian stock valuations hit three-month high

Asian equities valuations jumped to the highest since January at the end of April, following a sharp recovery in regional shares last month due to the stimulus measures unveiled by governments to mitigate the damage caused by the coronavirus pandemic.

Published 11 May, 2020 12:04am

Global Business Economy

Ecuador president takes 50 percent pay cut as virus batters economy

Ecuador's president has taken a 50 percent pay cut along with top officials and ministers as the coronavirus crisis batters the country's already fragile economy, his office announced Saturday.

Published 11 May, 2020 12:04am

Money & Banking

China central bank signals more policy measures to support virus-ravaged economy

China's central bank said on Sunday it will step up counter-cyclical adjustments to support the economy and make monetary policy more flexible to fend off financial risks.

Published 11 May, 2020 12:04am

Money & Banking

China signals more policy measures to support economy

China's central bank said on Sunday it will step up counter-cyclical adjustments to support the economy and make monetary policy more flexible to fend off financial risks.

Published 11 May, 2020 12:04am

Global Business Economy

Some Austrian companies abusing COVID-19 short-hours subsidies

Some Austrian companies are abusing state subsidies for staff on short-time working or using illegal workers during the coronavirus pandemic, the finance ministry said on Sunday after spot checks found hundreds of violations of the law.

Published 11 May, 2020 12:04am

Global Business Economy

Pandemic a major blow for Airbnb

At the foot of the Acropolis hill, in the touristic Koukaki district, the coronavirus lockdown has silenced the sound of Airbnb customers' wheeled luggage.

Published 11 May, 2020 12:04am

Macron, Johnson agree no UK quarantine for travellers from France: Elysee

British Prime Minister Boris Johnson and French President Emmanuel Macron have agreed there should for now be no quarantine measures for travellers arriving in Britain from France, the Elysee said on Sunday.

Published 11 May, 2020 12:04am

Global Business Economy

Italy to give further support to companies including tax incentives, hybrid bonds

Italy's government is readying new measures to support companies struggling due to the coronavirus crisis, including tax incentives and hybrid bonds, and aims to access the European Recovery Fund in the second half of the year, Economy Minister Roberto Gu

Published 11 May, 2020 12:04am

Global Business Economy

Despite White House virus cases, top aides defend reopening

Two top US economic advisers on Sunday defended the need for an expeditious reopening of the economy even as the coronavirus reached into the White House despite the extraordinary precautions taken there.

Published 11 May, 2020 12:04am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Updated 11 May, 2020 05:38pm

The Weather

The weather report on Sunday (May 10, 2020) and the forecast for Monday (May 11, 2020).

Published 11 May, 2020 12:04am

Rates

Returns on Profit and Loss Sharing Investment Bank Accounts (July to December 2019)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 11 May, 2020 12:04am

Northeast China hit by coronavirus infections, Wuhan reports new case

Chinese authorities reported on Sunday what could be the beginning of a new wave of coronavirus cases in northeast China, with one city in Jilin province being reclassified as high-risk, the top of a three-tier zoning system.

Published 11 May, 2020 12:04am

Stocks

SECP Policy Board chairman resigns

Khalid Mirza has resigned as Chairman of the Policy Board of the Securities and Exchange Commission of Pakistan (SECP), but would continue as a Member of the Policy Board.

Published 11 May, 2020 12:04am

Brief Recordings

Interview with Nadeem Khurshid, Urban Planner'Cities need to be empowered'

In the midst of tackling COVID-19 and its devastating effects on the lives and livelihoods of people-because not only is the economy expected to shrink considerably, but thousands of more Pakistanis are projected to slip further into poverty-PM Imran Khan

Updated 11 May, 2020 04:49am

NW Syria clashes kill 22 in highest toll since truce

Clashes in northwest Syria killed 22 regime fighters and jihadists Sunday in the highest such death toll since the start of a two-month-old ceasefire there, a monitor said.

Published 11 May, 2020 12:04am

Libya says four killed in rocket attacks as Turkey warns Haftar

Libya's Government of National Accord said Sunday at least four civilians, including a child, were killed as rockets rained down on the capital Tripoli and damaged its only working airport.

Published 11 May, 2020 12:04am

Russian rocket breaks up in Earth orbit: space agency

Russia's space agency on Sunday confirmed one of its rockets used in past launches and floating in space has broken down, leaving debris in orbit.

Published 11 May, 2020 12:04am

Russia accuses US of downplaying Soviet role in WWII

Russia on Sunday accused the United States of downplaying the Soviet Union's role in defeating Nazi Germany in World War II, with Moscow seeking "a serious conversation" on the matter with US counterparts.

Published 11 May, 2020 12:04am

Modest anti-government rallies resume in Iraq

Modest anti-government rallies resumed in some Iraqi cities Sunday, clashing with security forces and ending months of relative calm just days after Prime Minister Mustafa Kadhemi's government came to power.

Published 11 May, 2020 12:04am

WHO suspends staff activity in Yemen's Houthi-held areas

The World Health Organization (WHO) has suspended staff activity at its hubs in Houthi-held areas of Yemen, a directive seen by Reuters showed, in a move sources said aimed to pressure the group to be more transparent about suspected coronavirus cases.

Published 11 May, 2020 12:04am

Iran says ready for prisoner swap with US

Iran said Sunday it had expressed readiness for a full prisoner exchange with the United States "with no preconditions" but that Washington was yet to respond.

Published 11 May, 2020 12:04am

DR Congo army says retakes rebel fiefdom, kills 23

The DR Congo army said Sunday it had killed 23 militiamen and retaken one of their few remaining fiefdoms in the northeastern Ituri region in a Friday skirmish.

Published 11 May, 2020 12:04am

Johnson issues new virus advice ahead of lockdown plan

British Prime Minister Boris Johnson issued new stay-at-home advice on Sunday and warned he would proceed cautiously on lifting a nationwide coronavirus lockdown as the death toll in Britain, already the highest in Europe, continues to mount.

Published 11 May, 2020 12:04am

Rates

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 4 to 8 2020).

Published 11 May, 2020 12:04am

Zero turnout as Poland holds bizarre ghost election

Poland's election day Sunday will be one for the history books as polling stations remain closed and turnout will clock in at zero due to a political crisis set off by the coronavirus pandemic.

Published 11 May, 2020 12:04am

Three UN troops killed in Mali mine blast

Three UN troops were killed early Sunday and three wounded when their convoy hit a roadside bomb, an official said, in the latest violence to hit the war-torn West African state.

Published 11 May, 2020 12:04am

Fauci among three members of US virus task force to quarantine

Top infectious diseases expert Anthony Fauci is among three members of the White House's coronavirus task force who will self-isolate after potential exposure to the pathogen, US media reported Saturday.

Published 11 May, 2020 12:04am

Global deaths from coronavirus pass 280,000

More than 280,000 people have now died from the new coronavirus, most of whom were in Europe and the United States, according to a tally by AFP from official sources at 1635 GMT on Sunday.

Published 11 May, 2020 12:04am

A taste of normality as restaurants, churches reopen in Germany

The waiters are wearing masks and there's no singing in Church, but some Germans got a taste of normal life at the weekend as restaurants and places of worship reopened after weeks of coronavirus restrictions.

Published 11 May, 2020 12:04am

Stocks

Foreigners sell Asian equities for third straight month in April

Foreign investors sold Asian equities for a third straight month in April, shrugging off a rebound in regional shares, as sentiment was weighed down by the rising economic fallout from coronavirus-induced lockdowns.

Published 11 May, 2020 12:04am

Stocks

Jordan bourse resumes trading with shares falling broadly

Jordan's bourse resumed trading on Sunday after a two-month suspension with shares falling across the board, weighed down by investor fears the coronavirus pandemic will drag on the economy for months.

Published 11 May, 2020 12:04am

Energy

Oil price helps lift Saudi index; banks hurt Dubai

Most stock markets in the Gulf closed up on Sunday, with shares in Saudi Arabia supported by higher oil prices, but banking shares dragged down Dubai's index.

Published 11 May, 2020 12:04am

Money & Banking

Brazil asks mint to work overtime as currency shortage looms

Brazil is running short of hard currency needed to pay funds aimed at helping people impoverished by the coronavirus crisis, according to two sources and a document reviewed by Reuters, the latest blow to the country's troubled stimulus program.

Published 11 May, 2020 12:04am

Money & Banking

Algorithm usage rises in choppy currency markets

Foreign exchange traders are increasingly turning to a new breed of algorithms that can execute transactions smoothly in volatile markets, according to a client report from JPMorgan's trading desk seen by Reuters that covered recent market conditions.

Published 11 May, 2020 12:04am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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