News Archives for Print - 2020-05-13

Print - 2020-05-13

Brief Recordings

Dawood Lawrencepur Limited

Dawood Lawrencepur Limited (PSX: DLL) was established in 2004 as public limited company as a result of an amalgamation between Dawood Cotton Mills Limited (DCM), Dilon Limited (DL), Burewala Textile Mills Limited (BTM), and Lawrencepur Woolen and Textile

Updated 14 May, 2020 04:57am

Most vulnerable refugee families to receive Rs12,000 emergency cash aid

The Gove-rnment of Pakistan, the Ministry of States and Frontier Regions (SAFRON), and the United Nations High Commissioner for Refugees (UNHCR), in collaboration with the Pakistan Post Office Department, have announced an emergency cash assistance initia

Published 13 May, 2020 12:07am

External debt, liabilities reach $110bn by Q3-end

Pakistan's external debt and liabilities continued to grow and surged to $110 billion at the end of the third quarter of (July-March) of this fiscal year (FY20), mainly due to fresh borrowing from multilateral and bilateral sources on account of public de

Published 13 May, 2020 12:07am

ECC decision turned down by Cabinet

The Federal Cabinet has reportedly turned down a decision of ECC regarding rejection of support price of cotton, well-informed sources in Commerce Ministry told Business Recorder.

Published 13 May, 2020 12:07am

Umar appears before sugar inquiry team

Federal Minister for Planning and Development Asad Umar on Tuesday said that he had informed the Sugar Inquiry Commission about the decisions taken by the Economic Coordination Committee (ECC). Talking to media persons outside the Federal Investigation Ag

Published 13 May, 2020 12:07am

Cabinet decides to arrest cotton production slide

The Federal Cabinet on Tuesday decided that the support price of cotton should be fixed after thorough consultations with all the stakeholders in order to encourage farmers to sow more and more cotton as its cultivation has been woefully declining.

Published 13 May, 2020 12:07am

Stocks

KSE-100 Index rallies: BRIndex100 edges up

Pakistan Stock Exchange Tuesday witnessed a positive trend on the back of fresh buying, mainly by local investors and institutions.

Published 13 May, 2020 12:07am

Privatisation: PC reschedules several transactions

The Privat-isation Commission has rescheduled the transactions that include the National Power Parks Management Company Limited (NPPMCL), the SME Bank, Jinnah Convention Centre, the Services Int'l Hotel (SIH) and sale of 28 properties for the next financi

Published 13 May, 2020 12:07am

IMF says communication focuses 'only on outcomes'

The International Monetary Fund (IMF) and Pakistani authorities remain closely engaged with a view to bringing the second review of the Extended Fund Facility (EFF) to a positive conclusion with ongoing discussions being virtual. This was stated by IMF Re

Published 13 May, 2020 12:07am

China exempts more US goods from tariffs

China on Tuesday released a list of 79 items from the United States that will be exempted from trade war tariffs, a day after the US ruled out renegotiating their earlier trade deal.

Published 13 May, 2020 12:07am

10th NFC notified

The Finance Ministry Tuesday notified the 10th National Finance Commission (NFC) after the approval of the President to discuss and work out a mechanism to distribute resources between the federal government and the provinces as well as allocation of reso

Published 13 May, 2020 12:07am

Centre and Sindh warn of strict lockdown

Minister for Planning, Development and Special Initiatives Asad Umar has warned the people that the government would have no option but to impose complete lockdown again if they failed to act in a responsible and cautious manner in the wake of the Covid-1

Published 13 May, 2020 12:07am

Money & Banking

THE RUPEE: Falling trend

According to dealers, Pakistan rupee shed its value on Tuesday in both interbank and open markets against USD. Against Euro, however, it gained strength while remaining largely unchanged against UAE Dirham and Saudi Riyal.

Published 13 May, 2020 12:07am

AQ Khan asked to appear before SC bench today

The Supreme Court, while rejecting the federation's plea to hear Dr Abdul Qadeer Khan's case in the chambers, allowed the nuclear scientist to appear before a bench on Wednesday (today).

Published 13 May, 2020 12:07am

Army chief lauds China's support

Yao Jing, Chinese Ambassador to Pakistan called on General Qamar Javed Bajwa, Chief of Army Staff (COAS), here on Tuesday. During the meeting matters of mutual interest including regional security issues and Covid-19 were discussed.

Published 13 May, 2020 12:07am

Cement, sugar, ghee/oil, fertilizer & wheat flour: CCP urges SECP to conduct cost audit of sectors

The Competition Commission of Pakistan (CCP) has recommended the Securities and Exchange Commission of Pakistan (SECP) to immediately conduct cost audit of sectors including cement, sugar, vegetable ghee/cooking oil, fertilizer and wheat flour to facilita

Published 13 May, 2020 12:07am

'Sindh to only promote students up to grade VIII'

The Sindh government on Tuesday clarified that it had announced promotion of students only of classes I till VIII.

Published 13 May, 2020 12:07am

July-March 2019-2020: LSMI witnesses 5.4 percent decline

Large Scale Manufacturing Index (LSMI) has witnessed a decline of 5.4 percent, from 145.54 points to 137.68 points during July-March 2019-2020 against same period of the past year, as per the Pakistan Bureau of Statistics (PSB).

Published 13 May, 2020 12:07am

Technical supplementary grant: MoF to give Rs 288 million to PMTF for payment of salaries

The Finance Ministry has decided to extend Rs 288 million to chronic loss-making Pakistan Machine Tool Factory (PMTF) through technical supplementary grant from overall surrenders during current fiscal year, sources close to Secretary Industries and Produ

Published 13 May, 2020 12:07am

APTMA urges SBP to cut policy rate to 7 percent

All Pakistan Textile Mills Association (APTMA) has urged the State Bank of Pakistan (SBP) to further slash the interest rate by 2 percent to bring it at par with inflation.

Published 13 May, 2020 12:07am

Dozens dead as mothers, infants and mourners targeted in Afghanistan

Gunmen stormed a maternity hospital in the Afghan capital Tuesday, killing at least 14 people - including newborns and nurses - as a suicide blast at a funeral in the country's restive east left two dozen mourners dead.

Published 13 May, 2020 12:07am

Letters

'Consumers taken for a ride?'

This is apropos a Business Recorder op-ed "Consumers taken for a ride?" carried by the newspaper yesterday. The writers, Prof. Khalid Mirza who served as the Founder Chairman of the Competition Commission of Pakistan, and at present teaches at the

Published 13 May, 2020 12:07am

Articles

Oceans play profound role in our lives

Memories of idyllic beaches and sonorous waves may seem far away while we remain at home. Yet, we need not look far to appreciate the enduring history of the ocean in Asia and the Pacific. For generations, the region has thrived on our seas. Our namesake

Published 13 May, 2020 12:07am

Articles

Impending cotton disaster

Availability of high-quality cotton is fundamental to the textile value chain which for Pakistan, is responsible for the influx of billions of dollars in the form of exports. In this respect, it earns the befitting title of "White Gold". Cotton makes mark

Published 13 May, 2020 12:07am

Articles

Budgeting for a life with Covid-19

Two of the major burdens on the forthcoming federal budget are likely to be relatively lighter compared to what successive budgets had to bear under these heads over the last many decades. The first is the foreign debt, part of which, thanks to Covid-19,

Published 13 May, 2020 12:07am

Terrorist attack in Buleda

The relative calm of the last few months in the restive Balochistan province was shattered on Friday when six security personnel, including a major, were martyred and one soldier injured in an IED explosion in Buleda area of Kech district. The so-called B

Updated 13 May, 2020 05:56am

Pakistan's gross financing needs

Pakistan's gross financing needs have been projected at 51.2 percent of Gross Domestic Product (GDP) in 2020 in the International Monetary Fund's (IMF's) biannually prepared Fiscal Monitor titled "Policies to support people during Covid-19 pandemic." This

Updated 13 May, 2020 05:57am

HEC directs universities to announce examination policies

The Higher Education Commission (HEC) on Tuesday directed universities to announce examination policies, as attempt to eliminate examinations will have severe repercussions.

Published 13 May, 2020 12:07am

Tally of patients crosses 716 in capital

The tally of Covid-19 patients crossed 716 in the federal capital and it may further surge to an alarming level in the next few weeks, if public do not practice social distancing.

Published 13 May, 2020 12:07am

Amendment in Article 160 (3A): Government engaged with PML-N through backdoor channels?

The government is reportedly engaged with Pakistan Muslim League-Nawaz (PML-N) through backdoor channels to amend Article 160 (3A) of the Constitution which disallows any reduction in the share of provinces from the divisible pool taxes agreed in the seve

Published 13 May, 2020 12:07am

Money & Banking

ADB's Director, Khusro discuss cooperation

Asian Development Bank (ADB)'s Country Director for Pakistan, Xiaohong Yang, called on Federal Minister for Economic Affairs Makhdum Khusro Bakhtyar in his office, said a press release issued on Tuesday.

Published 13 May, 2020 12:07am

Bail granted against military courts conviction: CJP constitutes bench to hear appeals

Chief Justice of Pakistan on Tuesday constituted a two-judge bench for hearing the Ministry of Defence's appeals against the Peshawar High Court (PHC) for granting bail to accused, convicted by the military courts.

Published 13 May, 2020 12:07am

Illegal housing societies: Government, regulators overlooking flagrant undermining of law: IHC

Islamabad High Court (IHC) has noted that illegal business of housing societies continue unabated in the federal capital, while the regulators and the federal government are conveniently overlooking, ignoring or facilitating this flagrant undermining of t

Published 13 May, 2020 12:07am

Qureshi should retract statement against Sindh govt: Bilawal

Pakistan People's Party (PPP) Chairman Bilawal Bhutto-Zardari said that Foreign Minister Shah Mahmood Qureshi should retract his statement accusing the Sindh government of fanning provincialism.

Published 13 May, 2020 12:07am

Mayor demands of Sindh govt to release funds announced in budget

Mayor Karachi Wasim Akhtar Tuesday said Sindh government has not released funds for 15 percent increment in salaries of KMC employees announced in the budget 2019-20 whereas 5591 retired employees have been waiting for their dues since 2015.

Published 13 May, 2020 12:07am

Special PIA flight airlifts 120 stranded Pakistanis from Bangladesh

A special flight arranged by the government of Pakistan in collaboration with Pakistan International Airlines (PIA) for repatriation of stranded Pakistanis in Bangladesh left with 120 Pakistanis including 66 students on Tuesday from Shah Jalal Internation

Published 13 May, 2020 12:07am

Special message during Aaj News programme: President pays tribute to doctors, paramedics, security personnel

Guests on "Pur Azm Pakistan" urged the people to strictly follow the standard operating procedures (SOPs) related to the coronavirus issued by the government to defeat the pandemic.

Published 13 May, 2020 12:07am

Business & Economy

Country on the brink of a wheat crisis: PBIF chief

President of Pakistan Businessmen and Intellectuals Forum, Mian Zahid Hussain, has said that the country is on the brink of a wheat crisis.

Published 13 May, 2020 12:07am

Cotton & Textile

VATF leader shows concerns over FASTER system

Slowdown of global economy from the Covid-19 and backlog of sales tax refunds have deepened the country's textiles sector's financial crisis, bringing it to "the verge disaster", the Value Added Textile Forum (VATF) said on Tuesday.

Published 13 May, 2020 12:07am

Taxes

MCC surpasses revenue target by 7 percent

Model Customs Collectorate (MCC), Appraisement East has surpassed the revenue target by 7 percent in April. The collectorate had been assigned a revenue target of Rs 352.38 billion for the month of April. As compared to the assigned target, MCC collected

Published 13 May, 2020 12:07am

SHCBA demands proper probe into May 12 mayhem

Sindh High Court Bar Association (SHCBA) on Tuesday passed a resolution to condemn the mayhem of May 12, 2007 and demanded to fix the responsibility as who masterminded the carnage.

Published 13 May, 2020 12:07am

Energy

Reduction in CNG price: SHC issues notices to federal government, Ogra

The Sindh High Court (SHC) on Tuesday issued notices to the federal government and the Oil and Gas Regulatory Authority (OGRA) on a petition seeking reduction in prices of CNG in view of the fall in global crude oil prices.

Published 13 May, 2020 12:07am

Nasir Shah slams federal ministers over anti-Sindh stance

Sindh Information Minister Syed Nasir Hussain Shah has said the manner in which Foreign Minister Shah Mehmood Qureshi and Federal Minister for Communications and Postal Services Murad Saeed had censured and targeted Pakistan People's Party, was highly reg

Published 13 May, 2020 12:07am

UAF academic council approves two research, development cells

The academic council of University of Agriculture Faisalabad has approved two research and development cells including Locust Research Cell and Organic Agriculture Cell that will help the country to address the agricultural challenges. The meeting was pre

Published 13 May, 2020 12:07am

Kamal voices concern over non-payment of dues to PSM employees

Pak Sarzameen Party chairman Syed Mustafa Kamal expressed deep concern and regret over non-payment of dues by the federal government to 15,000 employees of Pakistan Steel Mills despite the decision of Sindh High Court.

Published 13 May, 2020 12:07am

Highest Covid-19 deaths recorded in 24 hours

Pakistan during the past 24 hours has recorded 43 Covid-19 deaths the highest since coronavirus outbreak in the country, according to the data released by the National Command and Operation Centre (NCOC), here on Tuesday.

Published 13 May, 2020 12:07am

Zaidi meets Hafeez

Minister for Maritime Affairs Syed Ali Haider Zaidi called on the Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh, here at the Ministry of Finance.

Published 13 May, 2020 12:07am

Business community hails relaxation in lockdown

Iftikhar Ali Malik, President Designate SAARC Chamber of Commerce & Industry & Chairman, United Business Group in a statement hails the relaxation in lockdown by the government, during the days close to Eid-ul-Fitr. It will not only provide opportunity to

Published 13 May, 2020 12:07am

Cotton & Textile

'Entire textile sector be allowed to restart activities'

President SITE Association of Industry, Suleman Chawla has urged Chief Minister of Sindh Syed Murad Ali Shah to allow entire textile sector including downstream industries to restart production activities otherwise industrial production will suffer and th

Published 13 May, 2020 12:07am

Pakistan condemns latest terrorist attacks in Afghanistan

Pakistan on Tuesday strongly condemned the latest terrorist attacks in Afghanistan, killing dozens of people in two separate attacks including a maternity hospital in Kabul, and a funeral in Nangarhar province.

Published 13 May, 2020 12:07am

Retail market: Government urged to allow seven-days-a-week working

All Pakistan Anjuman Tajran's Central Secretary General Naeem Meer has urged the government to allow seven days a week working to retail markets of all the cities. He said that the district administrations should prepare lists of specific retail markets o

Published 13 May, 2020 12:07am

Highnoon Labs launches Corona Combat Clinic initiative

A CSR drive from one of the country's leading pharmaceuticals vows to make healthcare centres safe.

Published 13 May, 2020 12:07am

Minister warns of lockdown imposition if SOPs violated

Punjab Industries and Trade Minister Mian Aslam Iqbal on Tuesday said that they permitted the opening of markets on the request of traders community, but they did not live up to their expectations.

Published 13 May, 2020 12:07am

PPA opposes Punjab govt's bid to control poultry prices

Pakistan Poultry Association (Northern Region) has urged the Punjab government to allow the free-market mechanism to regulate demand and supply instead of intervening in market prices.

Published 13 May, 2020 12:07am

Parliament sessions termed 'a waste of time'

Federal Minister for Science and Technology Fawad Chaudhry said on Tuesday that scientists and virology experts should brief the lawmakers before the parliament sessions, calling the meetings "a waste of time".

Published 13 May, 2020 12:07am

Articles

Partly Facetious : Young Turks or Young Tigers?

"We are a nation of great orators but only when in opposition."

Published 13 May, 2020 12:07am

IT & Computers

2020 Zhejiang export online fair launched

Around 300 rounds of online trade communications are expected to be held over 150 enterprises from Zhejiang (China) and Pakistan during the next five days of 2020 Zhejiang Export Online Fair (Pakistan station-hardware & electromechanical products) which w

Published 13 May, 2020 12:07am

Punjab PA passes resolution on Tahaffuz-e-Namoos-e-Risalat

The Punjab Assembly on Tuesday unanimously passed a resolution on Protection of Sanctity of Namoos-e-Risalat (Tahaffuz-e-Namoos-e-Risalat). The resolution was tabled by PML-Q MPA Hafiz Ammar Yasir.

Published 13 May, 2020 12:07am

Business & Economy

FCCI to provide bridge between minister, private school bodies

Faisalabad Chamber of Commerce & Industry (FCCI) will arrange a video link meeting between owners of Private Schools and Federal Educational Minister Shafqat Mehmood in order to resolve their immediate problems, disclosed FCCI president Rana Sikandar Azam

Published 13 May, 2020 12:07am

Ghous Bux Mehr meets Shujaat

Grand Democratic Alliance (GDA) MNA Sardar Ghaus Bux Mehr called on Pakistan Muslim League (PML) President Ch Shujaat Hussain and MNA Ch Salik Hussain at their residence here on Tuesday and exchanged views on prevailing political situation, particularly r

Published 13 May, 2020 12:07am

Governor warns bureaucrats creating hurdles in way of Aab-i-Pak Authority

Reprimanding the bureaucrats concerned for creating hurdles in the way of Aab-i-Pak Authority that was created to provide safe drinking water to people at their doorsteps, Punjab Governor Chaudhry Mohammad Sarwar Tuesday said that he will hold a meeting w

Published 13 May, 2020 12:07am

Timely, far-sighted decisions taken to deal with Covid-19: Buzdar

Punjab Chief Minister Sardar Usman Buzdar said on Tuesday that the PTI government, under the leadership of Prime Minister Imran Khan, has taken timely and farsighted decisions to deal with the Covid-19 challenge.

Published 13 May, 2020 12:07am

Telecommunication

TECNO holds CSR donation ceremony

TECNO, a premier smartphone brand conducted a CSR donation ceremony on 11th of May, 2020 in which Governor of the Punjab Chaudhry Sarwar along with other provincial government officials were present. The ceremony took place at Hafeez Centre in Lahore.

Published 13 May, 2020 12:07am

Money & Banking

Healthcare institutions: Jubilee Life Insurance to make contributions

Jubilee Life Insurance, the leading private sector life insurance company, has announced initiative to make contributions to a few leading institutions from the healthcare sector - Indus Hospital, LRBT and Shaukat Khanum Memorial Hospital, in a joint effo

Published 13 May, 2020 12:07am

Cricket

PCB's cricket body meets today

The Pakistan Cricket Board (PCB)'s Cricket Committee will hold its second meeting of 2020 via video conference on Wednesday (today).

Published 13 May, 2020 12:07am

Money & Banking

FINCA donates Rs 2 million to PM's Covid-19 Relief Fund

Playing its role in supporting the nation in times of crisis, FINCA Microfinance Bank Pakistan and its employees donated Rs 2 million to the Prime Minister's COVID 19 Relief Fund.

Published 13 May, 2020 12:07am

Taxes

FBR withdraws transfers and postings orders

Within two weeks of major reshuffle in the tax machinery, the Federal Board of Revenue (FBR) on Tuesday withdrew transfers and postings orders of five Grade-21 officials including the FBR Member (IR-Operations) and two chief commissioners, and assigned ne

Published 13 May, 2020 12:07am

Money & Banking

NBP earns Rs15.8bn profit after tax in 2019

The 71st Annual General meeting of National Bank was held on May 12, 2020 through electronic means. The meeting that was initially scheduled to be held on April 24, 2020, was suspended till date due to the Covid-19 lockdown. The meeting was attended by al

Published 13 May, 2020 12:07am

Debt restructuring from G20: China, Saudi Arabia have lion's share

China and Saudi Arabia have the lion's share in the $1.795 billion debt restructuring Pakistan is seeking from G-20 countries.

Published 13 May, 2020 12:07am

NAB inquiries: IHC extends interim bail of Akram Durrani

Islamabad High Court (IHC) Tuesday extended the interim bail of former federal minister and Jamiat Ulema Islam (JUI-F) leader Akram Khan Durrani till June 4th in four inquiries initiated by the National Accountability Bureau (NAB).

Published 13 May, 2020 12:07am

Energy

LPG industries urge govt to extend bailout package

The LPG Industries Association of Pakistan has urged the government to extend a bailout package for the financial year 2020-21 to sustain a healthy energy alternative LPG industry for poor LPG consumers and for all other stakeholders of the LPG Industry d

Published 13 May, 2020 12:07am

Locust attacks could increase ten times this year, fears minister

Sindh Minister for Agriculture Mohammed Ismail Rahu has said that according to the agriculture experts of the world the swarms of locust attacks could be increased ten times more than those of the last year. He informed that the season of two main crops o

Published 13 May, 2020 12:07am

Business & Economy

BoI to facilitate French firms

"Board of Investment will facilitate French companies, through special interventions for creating linkages with major chambers and associations of trade and industry, in forming joint ventures with local and foreign companies and becoming part of global v

Published 13 May, 2020 12:07am

Stocks

ML, TF feared in backdrop of Covid-19: SECP cautions regulated persons to remain vigilant

The Securities and Exchange Commission of Pakistan (SECP) has cautioned regulated persons (securities brokers, commodities brokers, insurers, Takaful operators, non-banking finance companies (NBFCs) and Modarabas to remain vigilant as criminals may try to

Published 13 May, 2020 12:07am

Telecommunication

ECC takes up cell phone manufacturing policy today

The country's first mobile device manufacturing policy is all set to be considered by the Economic Coordination Committee (ECC) of the Cabinet Wednesday (May 13).

Published 13 May, 2020 12:07am

Business operators introduce innovative digital applications

Following the Covid-19 outbreak various business operators especially related to the real estate have introduced innovative digital applications to continue business activities.

Published 13 May, 2020 12:07am

ICAP announces CAF examination results

The Institute of Chartered Accountants of Pakistan has announced the results of the Certificate in Accounting and Finance (CAF) examination held in March.

Published 13 May, 2020 12:07am

Commodities

72 percent of wheat procurement target completed, claims minister

Punjab has achieved 72 percent of the 4.5 million tons of wheat procurement target set for the current year while 92 percent of 'baardana' (gunny bags) have been distributed among the farmers.

Published 13 May, 2020 12:07am

Status of GSP Plus-related conventions: PM chairs meeting to review progress

Prime Minister Imran Khan on Tuesday chaired a briefing to review progress on implementation status of GSP Plus-related conventions, said a press release issued on Tuesday.

Published 13 May, 2020 12:07am

Brief Recordings

IBL Healthcare Limited

IBL Healthcare Limited (PSX: IBLHL) was established in 1997 as a private limited company, as a subsidiary of The Searle Company Limited. International Brands Limited is its ultimate parent company. It was not converted into a public limited company until

Updated 13 May, 2020 05:01am

Global Business Economy

French economic activity down 27 percent in April

French economic activity plunged 27 percent in April compared with its expected trajectory before the coronavirus pandemic but this was still a slight improvement on March, the Bank of France said Tuesday.

Published 13 May, 2020 12:07am

Global Business Economy

UK extends virus furlough scheme by four months

Britain on Tuesday announced a four-month extension to government support for workers temporarily made redundant by the coronavirus outbreak.

Published 13 May, 2020 12:07am

Global Business Economy

EU pleads US for trade truce amid virus crisis

The EU's top trade official wants to take the opportunity of the economic fallout of the coronavirus pandemic to spur efforts to heal US trade ties, bogged down in a tit-for-tat tariff feud.

Published 13 May, 2020 12:07am

Commodities

China cuts Australian beef imports

China suspended imports from four major Australian beef suppliers Tuesday, just weeks after Beijing's ambassador warned of a consumer boycott in retaliation for Canberra's push to probe the origins of the coronavirus.

Published 13 May, 2020 12:07am

Global Business Economy

China factory prices plunge

China's factory-gate prices fell to a four-year low, official data showed Tuesday, with firms suffering from the economic devastation unleashed by the coronavirus on the global economy.

Published 13 May, 2020 12:07am

Global Business Economy

US consumer prices post largest decrease since 2008

US consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as Americans stayed home during the coronavirus crisis.

Published 13 May, 2020 12:07am

Energy

Saudi Aramco posts 25 percent slump in Q1

Energy giant Saudi Aramco on Tuesday posted a 25 percent slump in first-quarter profit and said the coronavirus crisis which triggered a crash in oil prices would weigh heavily on demand in the year ahead.

Published 13 May, 2020 12:07am

Global Business Economy

Indian trains start rolling again

India's enormous railway network tentatively ground back to life Tuesday as a gradual lifting of the world's biggest coronavirus lockdown gathered pace even as new cases surged.

Published 13 May, 2020 12:07am

Global Business Economy

India PM announces $270 billion virus economic package

India's Prime Minister Narendra Modi unveiled Tuesday a $270 billion stimulus package for labourers and small businesses to boost flagging growth as the country grapples with the impact of the coronavirus and weeks-long lockdown.

Published 13 May, 2020 12:07am

Global arrest call for US diplomat's wife over UK car crash

Interpol has issued a red notice for the provisional arrest of a US diplomat's wife charged over a car crash in Britain that killed a teenager, his family has said.

Published 13 May, 2020 12:07am

China's lack of transparency on virus fuelling rumours: US expert

Renowned US epidemiologist Larry Brilliant has urged China to be "radically transparent" if it wants to fend off suspicion over the origin if the novel coronavirus.

Published 13 May, 2020 12:07am

EU renews call for end to Libya violence

The EU on Tuesday demanded an end to fighting in Libya and said it was "determined" to enforce a UN arms embargo on the oil-rich but wartorn state.

Published 13 May, 2020 12:07am

China urges France to scrap Taiwan arms deal

China called on France on Tuesday to cancel a weapons contract with Taiwan, warning that the deal with the self-ruled island could harm diplomatic relations between Paris and Beijing.

Published 13 May, 2020 12:07am

Palestinian kills Israeli soldier

The Israeli army suffered its first fatality this year on Tuesday when a Palestinian stone-thrower killed a soldier in the occupied West Bank, a day before US-Israeli talks on annexation. The army said the 21-year-old soldier was hit in the head.

Published 13 May, 2020 12:07am

Canada offers seniors $500 each for virus expenses

Canada announced Tuesday a onetime payment of up to Can$500 (US$360) for seniors - who as a group have suffered the most COVID-19 sickness and fatalities - to help defray added pandemic costs of living. An estimated seven million elderly Canadians qualify

Published 13 May, 2020 12:07am

Greece takes over Council of Europe chair

Greece on Friday takes over the rotating chair of Europe's oldest human rights organisation, the Council of Europe, amid criticism over its treatment of asylum seekers.

Published 13 May, 2020 12:07am

Commodities

China buys at least four US soyabean cargoes

Chinese importers bought at least four cargoes, or about 240,000 tonnes, of US soyabeans on Monday for shipment beginning in July, two traders familiar with the deals said.

Published 13 May, 2020 12:07am

Commodities

CBOT corn futures lower ahead of USDA report

Chicago Board of Trade corn futures ended lower on Monday on position-squaring a day ahead of a monthly US government crop report that is expected to project sharply rising domestic corn inventories, traders said.

Published 13 May, 2020 12:07am

Energy

European gasoline margins rise

Northwest European gasoline refining margins rose above $5 a barrel on Monday following a long weekend, buoyed by some tentative signs of a demand recovery.

Published 13 May, 2020 12:07am

Commodities

Vietnam's coffee prices inch higher on scarce supply

Domestic coffee prices in Vietnam edged higher this week on scarce supply, while trading activities in Indonesia remained sluggish, traders said on Thursday.

Published 13 May, 2020 12:07am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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