News Archives for Print - 2020-05-16

Print - 2020-05-16

Policy rate cut to 8pc on positive inflation outlook

The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) on Friday reduced the policy rate by 100 basis points (bps) to 8 percent on positive inflation outlook, the fourth time it has cut rates since the coronavirus pandemic hit two months ago.

Published 16 May, 2020 12:07am

Stocks

PSX stays bullish: BRIndex100 keeps rising

A bullish trend continued on Pakistan Stock Exchange on the back of fresh buying by local and foreign investors on Friday.

Published 16 May, 2020 12:07am

Global impact could reach $5.8 trillion: South Asia GDP to be lower by 3.9 percent to 6 percent: ADB

The gross domestic product (GDP) in South Asia will be lower by $142 billion to $218 billion (3.9 percent to six percent), mainly reflecting the tight restrictions in place in countries such as Bangladesh, India, and Pakistan, says the Asian Development B

Published 16 May, 2020 12:07am

Combined income groups: SPI inflation up 9.26 percent YoY

The SPI inflation during the week that ended May 14, 2020 against May 16, 2019 - Year-on-Year basis - recorded an increase of 9.26 percent for combined income groups, ie, from 116.52 points to 127.31 points, the Pakistan Bureau of Statistic (PBS) revealed

Published 16 May, 2020 12:07am

There was more space for reduction: economists

The 100 basis points reduction in the discount rate is not enough in view of the prevailing economic situation where it is critical to revive economic activity in the country struggling with the pandemic.

Published 16 May, 2020 12:07am

Overnight Reverse Repo rate to be at 9 percent

The State Bank of Pakistan (SBP) has decided to decrease its 'Policy Rate' (Target Rate) from 9.00 percent to 8.00 percent.

Published 16 May, 2020 12:07am

Nepra raises question marks over KE's performance

National Electric Power Regulatory Authority (Nepra) has raised question marks on the performance of K-Electric, saying that power utility kept its power plant "intentionally underutilized and undertook unauthorized load shedding."

Published 16 May, 2020 12:07am

Developers, enterprises: BoI seeks extension in period of incentives for SEZs

The Board of Investment (BoI) has moved a summary to the Finance Division asking for extending incentives for the developers and enterprises for Special Economic Zones (SEZs), which will expire on June 2020. A summary is included in the agenda items of th

Published 16 May, 2020 12:07am

London streets to go car-free

Cars will be banished from miles of streets in central London to encourage more walking and cycling and help public transport cope with social distancing restrictions, the city's mayor said on Friday.

Published 16 May, 2020 12:07am

Trump threatens to cut China ties as virus toll tops 300,000

US Pres-ident Donald Trump threatened to cut ties with China over its role in the spread of the coronavirus, as the global death toll from the disease topped 300,000. Despite fears of a second wave of infections, national and local governments around the

Published 16 May, 2020 12:07am

Rules amended to facilitate Sukuk-II issuance

Power Division has amended Pakistan Energy Sukuk Rules, 2019 aimed at facilitating issuance of Rs 200 Sukuk-II through Pakistan Stock Exchange (PSE).

Published 16 May, 2020 12:07am

Rs 75 billion approved for BISP

The Economic Coordination Committee (ECC) of the Cabinet has approved the release of Rs75 billion to the Benazir Income Support Program (BISP) for emergency cash assistance for daily wagers.

Published 16 May, 2020 12:07am

'Remdesivir' to be manufactured under Gilead licence: Mirza

Special Assistant to the Prime Minister on National Health Services Dr Zafar Mirza Friday announced manufacturing of 'Remdesivir' drug under the licence of US pharmaceutical company Gilead.

Published 16 May, 2020 12:07am

Corona stimulus financing: Plan to divert current expenditure savings discussed

The government's economic team discussed its plan to divert current expenditure savings to corona stimulus financing during the meeting on budgetary outlook for the next financial year.

Published 16 May, 2020 12:07am

'We will have to live with the virus': PM

Prime Minister Imran Khan on Friday said that there would be no cure for coronavirus this year, and "we will have to live with this virus" that has impacted 150 million in Pakistan, while dismissing the option of completely locking down the country as a p

Published 16 May, 2020 12:07am

Toshakhana case: AC summons Zardari, Nawaz and Gilani

The Accountability Court hearing multi-billion rupees fake bank accounts case on Friday summoned former president Asif Ali Zardari and two former prime ministers, Nawaz Sharif and Yousaf Raza Gilani in Toshakhana (treasure-house) reference.

Published 16 May, 2020 12:07am

Diamer-Bhasha Dam's construction: China rejects India's objection

China on Friday rejected the objection raised by India over construction of Diamer-Bhasha Dam and said economic cooperation between China and Pakistan was aimed at promoting economic development and improving the well-being of the local population.

Published 16 May, 2020 12:07am

Mirza tells NAB: SECP Policy Board cannot make appointments

Khalid Mirza, Member, Securities and Exchange Policy Board (SEPB, the "Policy Board") Friday conveyed to the Chairman, National Accountability Bureau (NAB) that the SECP Policy Board cannot make any staff appointments whatsoever, and therefore, the questi

Published 16 May, 2020 12:07am

Industrial activity: Power sector revenue drops by 67 percent?

Power sector revenue has dropped by 67 percent in terms of industrial activity during lockdown due to Coronavirus in the country, said Pakistan Electric Power Company (PEPCO) sources.

Published 16 May, 2020 12:07am

Business community told: Intellectual property rights must be protected

The Competition Commission of Pakistan (CCP) has conveyed to the business community that the intellectual property rights must be protected and Section 10 (deceptive marketing practices) of the Competition Act must be enforced to protect consumers from an

Published 16 May, 2020 12:07am

Wapda, Fesco employees demand bonus

Office bearers, members of All Pakistan WAPDA Hydro Electric Workers Union (CBA) along with a large number of FESCO employees staged a protest rally at canal road Abdullahpur Faisalabad and demanded for the payment of bonus before Eid because FESCO staff

Published 16 May, 2020 12:07am

IHC seeks record of recruitment in '10bn Tree Tsunami' project

The Islamabad High Court (IHC) on Friday sought record of recruitment in 10 Billion Tree Tsunami project from the Ministry of Climate Change. A single bench of Justice Lubna Salim Pervez issued these directions, while hearing a petition filed against the

Published 16 May, 2020 12:07am

Moody's hasn't downgraded B3 rating: MoF

The Ministry of Finance has said that the rating review conducted by the Moody's Investor Service on 14th May 2020 did not downgrade Pakistan's B3 rating, said a press release issued on Friday.

Published 16 May, 2020 12:07am

PAMA-PAAPAM 'war' intensifies

The fight between Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Auto Parts and Accessories Manufacturers (PAAPAM) - two premier bodies of auto sector - has intensified on facts, figures and impact of Statuary Regulatory

Published 16 May, 2020 12:07am

Sindh governor approves Corona Emergency Relief Ord

Sindh Governor Imran Ismail on Friday approved the Corona Emergency Relief Ordinance, 2020 to provide relief to the people of the province amid the coronavirus pandemic.

Published 16 May, 2020 12:07am

Dateline for payment, filing of returns extended

The Federal Board of Revenue (FBR) has further extended the date for payment and filing of sales tax and federal excise returns for tax period of March 2020.

Published 16 May, 2020 12:07am

Letters

Strict lockdown on the cards?

It is heartening to note that both federal and Sindh governments are on the same page in relation to the fight against coronavirus spread. According to media reports, Minister for Planning, Development and Special Initiatives Asad Umar and Sindh Chief Min

Published 16 May, 2020 12:07am

Articles

Abu Dhabi in talks with Dubai for support through state fund Mubadala

The governments of Abu Dhabi and Dubai are discussing ways to prop up Dubai's economy by linking up assets in the two emirates, with Abu Dhabi's state fund Mubadala likely to play a key role in any deal, three sources familiar with the matter said.

Published 16 May, 2020 12:07am

Articles

Pandemic stirs Wall Street's social conscience

Worker welfare is having a moment on Wall Street. The need to restart production lines and reopen offices idled by the coronavirus pandemic mean issues such as sick pay and working conditions are suddenly a top priority for the C-suite and, for some inves

Published 16 May, 2020 12:07am

Articles

The value of life

If you party for four days, strict abstinence for the remaining three days will probably not get you off the hook. In substance, you have a lockdown or you don't - the virus is not going to take "off days" whilst its hosts go on a shopping spree, so this

Published 16 May, 2020 12:07am

Articles

Diamer-Bhasha dam

Finally, the commencement of much-awaited Bhasha dam has been formally announced. Prime Minister Imran Khan last Monday ordered immediate commencement of work on construction of Diamer-Bhasha dam, rightly describing water security as the foremost priority

Published 16 May, 2020 12:07am

Premature lockdown easing

Since the advent of the Covid-19 pandemic, the debate about the correct course to follow to meet the challenges thrown up by the crisis has been bogged down in uncertainty, confusion, contradictory policies, political point scoring and an absence of a coh

Updated 16 May, 2020 02:19am

Matter of cotton support price

It seemed that the tug of war between the textile lobby and growers had been won by the former when the Economic Coordination Committee (ECC) of the cabinet rejected the proposal of the Ministry of National Food Security on May 7 to set the support price

Updated 16 May, 2020 02:20am

UNHCR appoints new representative in Pakistan

The UNHCR, the UN Refugee Agency has appointed Noriko Yoshida as its new representative in Pakistan. "Ms Yoshida recently arrived to take up her responsibilities," said Qaiser Khan Afridi, the UNHCR spokesperson for Pakistan.

Published 16 May, 2020 12:07am

Business & Economy

SECP Policy Board cannot make appointments, Mirza tells NAB

Published 16 May, 2020 12:07am

Procession to mark martyrdom of Hazrat Ali (RA) taken out

Like other parts of country 21st Ramazan ul Mubarak; the day of martyrdom of Hazrat Ali marked in Hyderabad, the central procession of martyrdom of Hazrat Ali proceed by the Anjuman-e-Imamia Sindh after the Majlis e Aza from Imam Bargah karbala Dadan sh

Published 16 May, 2020 12:07am

Appointment of Dr Akhtar as ECP Secretary notified

The Election Commission of Pakistan (ECP) on Friday notified the appointment of Dr Akhtar Nazir as the Secretary ECP on deputation basis to replace Zafar Iqbal Hussain who has been appointed as Special Secretary ECP.

Published 16 May, 2020 12:07am

Number of cases in capital reaches 866

The number of coronavirus cases in the federal capital reached 866 on Friday evening, which is expected to further surge due to apparent lack of precautionary measures followed by the general public against the pandemic.

Published 16 May, 2020 12:07am

Qureshi, Japanese counterpart discuss socio-economic ramifications of Covid-19

Foreign Minister Shah Mahmood Qureshi and his Japanese counterpart Toshimitsu Motegi on Friday exchanged views about the socio-economic ramifications of the Covid-19 pandemic.

Published 16 May, 2020 12:07am

Business & Economy

SCCI demands opening of Torkham border round the clock

The Sarhad Chamber of Commerce and Industry here on Friday demanded 24/7 opening of Torkham border, speedy clearance of trucks/containers, besides removal of hurdles to bilateral trade and transit trade between Pakistan and Afghanistan.

Published 16 May, 2020 12:07am

SC to revisit judgment on out-of-turn promotion

The Supreme Court Friday decided to revisit judgment on out-of-turn-promotion and deputation, saying it will constitute a larger bench to examine the matter.

Published 16 May, 2020 12:07am

Business & Economy

Businessmen for FTA with Afghanistan, 24/7 opening of borders

Local business community of Khyber Pakhtunkhwa has called signing of free trade agreement (FTA) with Afghanistan and round-the-clock opening of border stations to promote both bilateral and transit trade with Afghanistan.

Published 16 May, 2020 12:07am

NA session ends without any consensus over Covid-19

The National Assembly session ended on Friday without developing any consensus to deal with Covid-19 pandemic as both opposition and the government kept blaming each other for the failure to stem the epidemic throughout the three-day-long debate.

Published 16 May, 2020 12:07am

Business & Economy

'Businesses cannot bear any additional tax'

President of Korangi Association of Trade & Industry (KATI), Sheikh Umer Rehan has said that economic condition had already been declining and after coronavirus crisis business community could not bear any single additional tax in upcoming budget. He ment

Published 16 May, 2020 12:07am

Taxes

FBR should utilise automation for identifying taxpayers, HNWIs: Dr Ishrat

Advisor to the Prime Minister on Institutional Reforms and Austerity, Dr Ishrat Hussain Friday conveyed to the tax authorities of the Federal Board of Revenue (FBR) to fully utilise automation for integration of data of all taxes to identify potential tax

Published 16 May, 2020 12:07am

Shopping malls should be opened as per SOPs: Sindh minister

Provincial Minister for Industries, Commerce, Cooperative Department and Anti-Corruption Jam Ikramullah Dharejo has said that it is a matter of concern that the number of local transmissions of people infected with the coronavirus is increasing alarmingly

Published 16 May, 2020 12:07am

Taxes

FBR Helpline's closure regretted

The Federal Board of Revenue (FBR) has announced that the FBR Helpline remained closed on Friday (May 15) due to scheduled maintenance. The FBR added that the inconvenience to the taxpayers was regretted.

Published 16 May, 2020 12:07am

Sindh LG secy orders release of salaries before Eid

Secretary Local Government (LG) Sindh Roshan Ali Shaikh has ordered release of the salaries/pensions of all the municipal workers before Eid holidays.

Published 16 May, 2020 12:07am

Taxes

July 2019 to April 2020: Sindh ET collects Rs 64.41 billion

The Sindh Excise and Taxation and Narcotics Control Department has collected a total of Rs 64418.812 million in taxes from July 2019 to April 2020 in the current financial year as against Rs 60547.812 millions were collected last year during the same peri

Published 16 May, 2020 12:07am

Business & Economy

Suspension of Int'l flights operations extended till 31st

Pakistan Civil Aviation Authority (PCAA) has further extended the suspension of international flights operations by May 31, 2020 as part of Covid-19 precautionary measures.

Published 16 May, 2020 12:07am

Pakistani student gets Paul Heim Education Award

Ahmad Mohsin, a Pakistani student, has received the Paul Heim Education Award from the Lincoln's Inn Society UK to study specialized courses of human rights law at the University of Oxford.

Published 16 May, 2020 12:07am

Business & Economy

SSGC rejects allegations by NKATI president

This is with reference to a news item that appeared in today's issue of Business Recorder in which President North Karachi Association of Trade and Industry (NKATI) has urged Prime Minister Imran Khan to 'stop SSGC from "harassing" industrialists a

Published 16 May, 2020 12:07am

Heatwave may hit Karachi again tomorrow

The Met Office on Friday forecast another spell of the heatwave to hit the metropolis from next Sunday through May 22 with up to 42 degrees Celsius of temperature.

Published 16 May, 2020 12:07am

Profiteers fined Rs 6.4 million in Karachi

As many as 1,368 profiteers were fined Rs6.4 million in Karachi from 1st to 19th of Ramazan, the Sindh High Court (SHC) was told here on Friday. According to a report of the commissioner of Karachi submitted in the court, profiteers were fined in all dist

Published 16 May, 2020 12:07am

Covid-19: 817 new cases, 12 more died in Sindh: CM

Sindh Chief Minister Syed Murad Ali Shah has said that 535 patients of coronavirus recovered and against them 817 new cases emerged while 12 more patients died taking the death toll to 255.

Published 16 May, 2020 12:07am

Business & Economy

Nestle Milkpak donating half-a-million glasses of milk

In the wake of COVID-19, NESTLÉ MILKPAK will be donating half-a-million glasses of milk in collaboration with dairy industry partners Tetra Pak Pakistan, Bulleh Shah Packaging Pvt Ltd, Interloop Ltd and Interloop Holdings, Sheikh Noor-Ud-Din & Sons Pvt Lt

Published 16 May, 2020 12:07am

Telecommunication

PTA extends deadline on blocking mobile device IMEIs till June 3

The Pakistan Telecommunication Authority (PTA) has further extended the deadline for blocking of mobile device IMEIs till 3rd June, 2020, for all GSMA valid IMEIs seen on mobile networks but currently not registered with the PTA.

Published 16 May, 2020 12:07am

Seizure of Zardari house: AC asks NAB to submit written reply

The Accountability court (AC) hearing fake bank accounts case on Friday asked the National Accountability Bureau (NAB) to submit its written reply with respect to objections filed by former president Asif Ali Zardari against seizure of his house in Karach

Published 16 May, 2020 12:07am

Constitutionally mandated days: Khawaja Asif urges NA speaker to issue full schedule for completion

Pakistan Muslim League-Nawaz (PML-N) parliamentary leader Khawaja Asif has urged Speaker National Assembly Asad Qaiser to issue a full schedule for the completion of the constitutionally mandated days of the lower house.

Published 16 May, 2020 12:07am

Energy

State of Industry Report released: Power sector under extreme financial pressure: Nepra

National Electric Power Regulatory Authority (Nepra) has accused the Power Division of controlling Distribution Companies (Discos), which use it as a shield, which leads to competition and opening of the sector.

Published 16 May, 2020 12:07am

Punjab government decides to resume public transport

To further relax the lockdown in the province, the Punjab government has decided to resume the public transport. In this connection, a meeting was held under the chairmanship of Punjab Law, Parliamentary Affairs and Social Welfare Minister Raja Basharat w

Published 16 May, 2020 12:07am

Business & Economy

Ship breaking industry seeks tax relief

The ship breaking industry is seeking tax relief from the federal and provincial governments to avoid complete collapse at a time when a number of industries are already passing through tough phase due to the coronavirus pandemic.

Published 16 May, 2020 12:07am

Business & Economy

Daraz launches FBD service for reliable, secure and fast delivery

Daraz has launched Fulfilled by Daraz (FBD) - a service complemented by the company's four warehouses located in Karachi, Lahore and Islamabad to ensure that customers' orders are packed and shipped to their doorsteps in a reliable, safe, secure and fast

Published 16 May, 2020 12:07am

Articles

Partly Facetious: You're required to support the good with the bad?

"I see that not as a rap over the knuckles but something more."

Published 16 May, 2020 12:07am

Money & Banking

Singapore's Temasek joins Facebook-backed Libra

Singapore state-owned investment company Temasek has joined the Facebook-backed Libra project seeking to create a worldwide digital payments network, the Swiss-based Libra Association said Thursday.

Published 16 May, 2020 12:07am

Global Business Economy

Awful data show US economy is in deep trouble

Newly released economic data shows the US economy is in a terrible state and may not rebound quickly even when the devastating lockdowns imposed to stop the coronavirus pandemic are lifted.

Published 16 May, 2020 12:07am

Money & Banking

Lebanon says ready to float pound only after aid secured

Lebanon is ready to terminate a 23-year-old dollar peg and float the pound, but only after it secures billions in aid, Finance Minister Ghazi Wazni said Friday.

Published 16 May, 2020 12:07am

Global Business Economy

China industrial output sees shock growth

China's industrial output returned to growth for the first time this year in April, official data showed Friday, but another sharp drop in retail sales indicated crucial consumer demand remains weak, which could scotch hopes for a quick economic recovery.

Published 16 May, 2020 12:07am

Global Business Economy

Virus pushes Germany into recession

The coronavirus pandemic has tipped Germany into recession, official data showed Friday, with Europe's top economy suffering its steepest quarterly contraction in more than a decade as lockdown measures began to bite.

Published 16 May, 2020 12:07am

Global Business Economy

UK government in £1.6 billion bailout of London transport system

The British government will pump £1.6 billion into London's public transport system to restore services and help prevent overcrowding as people return to work, operator Transport for London (TfL) said Friday.

Published 16 May, 2020 12:07am

Global Business Economy

Royal Mail boss departs, as coronavirus hits business

Britain's Royal Mail on Friday said Rico Back had stepped down as chief executive, as the coronavirus heaps more pressure on its core letters business and hikes group costs.

Published 16 May, 2020 12:07am

IT & Computers

Taiwan chip giant TSMC to build $12 billion US plant

Taiwanese computer chip giant TSMC announced Friday it will spend $12 billion on a state-of-the-art semiconductor foundry in the United States, creating thousands of jobs. The announcement is a win for President Donald Trump who has pushed for major chipm

Published 16 May, 2020 12:07am

Quake hits desert area on Nevada-California border

A 6.4 magnitude earthquake struck Friday in a sparsely populated desert area on the border between Nevada and California, the US Geological Survey said. The quake hit at 4:03 am local time (1103 GMT) about 40 miles (60 kilometers) from the small, former m

Published 16 May, 2020 12:07am

Powerful storm forces thousands from homes in Philippines

Tens of thousands of people were forced into cramped shelters by the powerful storm pounding the Philippines on Friday, making social distancing nearly impossible as the nation battles the coronavirus pandemic.

Published 16 May, 2020 12:07am

Baltic states reopen shared borders for travel bubble

Baltic states Estonia, Latvia and Lithuania reopened their shared borders on Friday, allowing citizens to move freely for business and pleasure in a travel bubble after two months of coronavirus restrictions. The sister countries, which are members of the

Published 16 May, 2020 12:07am

Global Business Economy

Britain, EU in post-Brexit trade talks stalemate

The EU and Britain ended their latest round of post-Brexit trade talks in a state of deadlock on Friday, with both sides urging the other to fundamentally change its strategy.

Published 16 May, 2020 12:07am

Liberia drops graft charges against ex-president's son

Liberia has dropped charges against four former central bank bosses, including an ex-president's son, in a highly publicised graft scandal over the mishandling of banknotes worth millions of dollars.

Published 16 May, 2020 12:07am

Moscow says no proof Russian hackers spied on Merkel

Russian Foreign Minister Sergei Lavrov on Friday rejected allegations by German Chancellor Angela Merkel that Russian hackers had spied on her.

Published 16 May, 2020 12:07am

UN won't vote electronically in Security Council election

The UN General Assembly will cast ballots in-person for five new non-permanent Security Council seats, its president said Thursday, effectively ruling out electronic voting despite the coronavirus pandemic. In a letter to UN members obtained by AFP, Presi

Published 16 May, 2020 12:07am

Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 111,936 tonnes of cargo comprising 77,621 tonnes of import cargo and 34,315 tonnes of export cargo including 5,602 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.

Published 16 May, 2020 12:07am

Cotton & Textile

Business on cotton market to start after Eid holidays

Trading activities on the cotton market will fully resume after Eid Ul Fitr. Market sources said that after the easing of lockdown by the government trading has started but it will fully resume after Eid.

Published 16 May, 2020 12:07am

Commodities

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,804.

Published 16 May, 2020 12:07am

Commodities

CBOT corn futures lower

Chicago Board of Trade corn futures declined on Thursday for a second straight session as generally favourable crop weather supported outlooks for a record-large US harvest and rising stockpiles, traders said.

Published 16 May, 2020 12:07am

Energy

Asia's naphtha crack falls

Asia's naphtha physical crack plunged more than 100% to return to the negative zone for the first time since April as inflating supplies weighed.

Published 16 May, 2020 12:07am

Cotton & Textile

New York cotton

The following were the fluctuations observed during the day:

Published 16 May, 2020 12:07am

Commodities

Copper under pressure

Copper prices fell on Friday and were set for a weekly loss as rising stockpiles and dire economic data around the world hammered home fears that demand will remain weak despite a rebound in Chinese factory activity.

Published 16 May, 2020 12:07am

Energy

Oil prices jump

Oil prices rose on Friday, with US crude jumping more than 7% to its highest since March on signs that demand was picking up, with China reporting increased refinery runs and rounding out a week of bullish news on the supply front.

Published 16 May, 2020 12:07am

Commodities

Gold scales one-month peak in Europe

Gold scaled a one-month peak on Friday en route to its biggest weekly gain in three weeks as renewed US-China trade tensions added to concerns about a deep economic slump during the novel coronavirus pandemic.

Published 16 May, 2020 12:07am

Money & Banking

Sterling weakens as UK serves ultimatum to EU

Sterling weakened on Friday, hitting its lowest for more than a month, after Britain and the European Union exchanged threats over a post-Brexit trade deal.

Published 16 May, 2020 12:07am

Money & Banking

Most Asian currencies in tight range

Most Asian currencies traded in a tight range on Friday, as data showing China's economy is gradually recovering from the coronavirus shock countered worries over worsening Sino-US relations. The Chinese yuan slipped 0.1% and was on its way to its biggest

Published 16 May, 2020 12:07am

Money & Banking

Early trade in New York: Dollar up, set for smidgen weekly gain

The US dollar was rose on Friday and was set for a small weekly gain as the threat of a second wave of coronavirus infections rattled investors as did a slew of bleak US economic data.

Published 16 May, 2020 12:07am

Money & Banking

Dollar set for weekly gain, Aussie to dip in Europe

The dollar was set for a small weekly gain on Friday and the Australian dollar for a more than 1% weekly drop as the threat of a second wave of coronavirus infections rattled investors.

Published 16 May, 2020 12:07am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 16 May, 2020 12:07am

The Weather

The weather report on Friday (May 15, 2020) and the forecast for Saturday (May 16, 2020).

Published 16 May, 2020 12:07am

Rates

LME official prices

The following were Thursday official prices.

Published 16 May, 2020 12:07am

Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 15, 2020).

Published 16 May, 2020 12:07am

Rates

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (May 15, 2020).

Published 16 May, 2020 12:07am

Schedules

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 15, 2020).

Published 16 May, 2020 12:07am

Rates

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (May 15, 2020).

Published 16 May, 2020 12:07am

Stocks

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Friday (May 15, 2020).

Published 16 May, 2020 12:07am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 13	277.93
USD PKR Interbank Buying / Nov 13	277.83
USD to Japanese Yen / Nov 14	155.86
USD to Swiss Franc / Nov 14	0.89
Pound Sterling to USD / Nov 14	1.27
Euro to USD / Nov 14	1.06

Stock	Volume
S&P 500 / Nov 13	5,985.38
Nasdaq / Nov 13	19,230.72
FTSE 100 / Nov 13	8,030.33
Dow Jones / Nov 13	43,958.19
Germany DAX 30 / Nov 13	19,003.11
France CAC40 / Nov 13	7,216.83
India Sensex / Nov 14	77,517.41
Tokyo Nikkei / Nov 14	38,680.99

Item	Value
Gold 10 Grams PKR / Nov 12	231,911
Karachi Cotton PKR/37.32 KG / Nov 13	18,085
Petrol/Litre / Nov 14	248.38
Crude Oil USD/Barrel / Nov 14	67.97
Gold Spot USD/Ounce / Nov 14	2,558.37
Diesel/Litre / Nov 14	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 14 786 Investments Limited(786)	6.49 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 14 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▼ 0.00 (0.00%)
Agro Allianz / Nov 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 14 Ali Asghar Textile Mills Limited(AATM)	62.51 ▼ 0.00 (0.00%)
Allied Bank / Nov 14 Allied Bank Limited(ABL)	114.80 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 14 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▼ 0.00 (0.00%)
Abson Ind. / Nov 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 14 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 14 786 Investments Limited(786)	6.49 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 14 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▲ 0.00 (0.00%)
Agro Allianz / Nov 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 14 Ali Asghar Textile Mills Limited(AATM)	62.51 ▲ 0.00 (0.00%)
Allied Bank / Nov 14 Allied Bank Limited(ABL)	114.80 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 14 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▲ 0.00 (0.00%)
Abson Ind. / Nov 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 14 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 14 Worldcall Telecom Limited(WTL)	43,291,848 ▲ 0.00
Waves Home Appliances / Nov 14 Waves Home Appliances Limited(WAVESAPP)	33,201,636 ▲ 0.00
Pak Refinery / Nov 14 Pakistan Refinery Limited(PRL)	31,524,926 ▲ 0.00
K-Electric Ltd. / Nov 14 K-Electric Limited(KEL)	27,455,465 ▲ 0.00
Pak Elektron / Nov 14 Pak Elektron Limited(PAEL)	26,996,630 ▲ 0.00
Sui South Gas / Nov 14 Sui Southern Gas Company Limited(SSGC)	26,013,918 ▲ 0.00
The Searle Co. / Nov 14 The Searle Company Limited(SEARL)	25,704,933 ▲ 0.00
Pak Int.Bulk / Nov 14 Pakistan International Bulk Terminal(PIBTL)	23,694,836 ▲ 0.00
Secure Logistics / Nov 14 Secure Logistics Group Limited(SLGL)	23,623,241 ▲ 0.00

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