News Archives for Print - 2020-05-19

Pakistan Rupee showed mixed trend on Monday. It showed no change against USD in interbank market over Thursday's rates while in open market; it gained value for buying and lost value for selling.

Published 19 May, 2020 12:02am

Rates

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Monday (May 18, 2020).

Published 19 May, 2020 12:02am

Rates

Dollar's rate in interbank market

Interbank closing rates for dollar on Monday (May 18, 2020).

Published 19 May, 2020 12:02am

Schedules

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 18, 2020).

Published 19 May, 2020 12:02am

Pakistan Economic Indicators

Pakistan Economic Indicators - Monday (May 18, 2020).

Published 19 May, 2020 12:02am

Rates

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (May 18, 2020).

Published 19 May, 2020 12:02am

Rates

Lahore Paper Market Rates

Paper market rates in rupees on Monday (May 18, 2020).

Published 19 May, 2020 12:02am

Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (May 18, 2020)

Published 19 May, 2020 12:02am

Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (May 18, 2020).

Published 19 May, 2020 12:02am

Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (May 18, 2020).

Published 19 May, 2020 12:02am

The Weather

The weather report on Monday (May 18, 2020) and the forecast for Tuesday (May 19, 2020).

Published 19 May, 2020 12:02am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 19 May, 2020 12:02am

Commodities

US MIDDAY: Gold eases

Gold retreated on Monday from a more than seven-year high, as stocks and oil surged on optimism surrounding the trial of a potential COVID-19 vaccine.

Published 19 May, 2020 12:02am

Commodities

US MIDDAY: Wheat futures sink to 2-month low

US wheat futures fell to their lowest in more than two months on Monday, pressured by sluggish demand on the export front, traders said.

Published 19 May, 2020 12:02am

Commodities

Copper posts biggest daily gain in a month

Industrial metals prices rose on Monday, with copper leaping as much as 2.7% as an easing of coronavirus lockdowns in many countries fuelled optimism among investors that also lifted stock markets and oil.

Published 19 May, 2020 12:02am

Energy

Oil prices jump

Oil prices jumped on Monday, with both US and Brent benchmarks on track for their highest settles in two months, supported by positive early results on a potential coronavirus vaccine and optimism about resumption in economic activity.

Published 19 May, 2020 12:02am

Money & Banking

Sterling hovers near 8-week lows

Sterling hovered at near two-month lows against the dollar and the euro on Monday, as talk of negative interest rates from the Bank of England and a stalemate in Brexit negotiations kept the currency pinned within tight ranges.

Published 19 May, 2020 12:02am

Money & Banking

Asian currencies slip

Most Asian currencies lost ground on Monday as rising Sino-US trade fiction cast a cloud over investor sentiment, while better-than-expected data lent some support to the Singapore dollar and the Thai baht.

Published 19 May, 2020 12:02am

Money & Banking

Currency market liquidity on the rebound: data providers

Investors are gradually returning to the currency markets following a rout in March when the spread of the new coronavirus sent most units tumbling against the dollar, a group of market data providers found.

Published 19 May, 2020 12:02am

Money & Banking

Dollar struggles in Europe

A jump in oil prices lifted commodity currencies such as the Norwegian crown and the Canadian dollar against the US dollar on Monday as optimism about a reopening of economies stifled by the coronavirus pandemic boosted risk appetite.

Published 19 May, 2020 12:02am

Money & Banking

Turkish lira on 8-day rally

The lira strengthened for an eighth straight day on Monday and Turkish stocks rose, supported by hopes the government will be able to secure foreign funding amid the coronavirus pandemic even as foreign investors pull back.

Published 19 May, 2020 12:02am

Stocks

Turkmenistan to introduce 100 percent mandatory forex sales

Turkmenistan will force local companies to sell all of their export proceeds to the country's sovereign fund, up from the previously required 50%, state television reported on Monday.

Published 19 May, 2020 12:02am

Stocks

Miners boost London stocks

UK stocks surged more than 2% on Monday as investors bet on a faster recovery from a looming coronavirus-driven recession, while Hochschild Mining hit a nearly three-month high after saying it would restart its Peru operations.

Published 19 May, 2020 12:02am

Stocks

Singapore jumps as most SE Asian stocks up

Singapore shares gained on Monday after the city-state reported a rise in annual exports, while most Southeast Asian stock markets tracked global equities to inch higher on renewed optimism as more countries eased lockdown restrictions and reopened their

Published 19 May, 2020 12:02am

Stocks

Monday's early trade: Wall Street jumps

US stock indexes shot up in early trade on Monday as encouraging data from a potential COVID-19 vaccine trial fueled optimism, while investors also counted on more stimulus to rescue the economy from a virus-driven slump.

Published 19 May, 2020 12:02am

Stocks

China equities rise

China shares ended higher on Monday as investors took hope from data showing home prices rose in April, but renewed trade tensions between Beijing and Washington and the threat of a second wave of coronavirus infections limited gains.

Published 19 May, 2020 12:02am

Stocks

European shares gain

European shares bounced on Monday after their worst week in two months, as investors hoped for a gradual economic recovery with many countries easing coronavirus-led lockdowns.

Published 19 May, 2020 12:02am

Stocks

Tokyo stocks up

Japanese shares rose on Monday as signs of a slowdown in coronavirus infections raised optimism that the government would soon ease restrictions in additional prefectures, although escalating US-China trade tensions kept investors wary.

Published 19 May, 2020 12:02am

Stocks

Most Gulf stocks rise

Most major Gulf stock markets rose on Monday, lifted by rising oil prices, led by Saudi Arabia after its banking sector got a boost from upbeat corporate earnings.

Published 19 May, 2020 12:02am

Commodities

Gold demand tepid in most Asian centres

Physical gold demand was tepid in most Asian centres this week with retail buying yet to see any significant recovery even as top hubs India and China eased some coronavirus-driven restrictions.

Published 19 May, 2020 12:02am

Cotton & Textile

Few trading activity seen on cotton market

Trading activity will fully resume in the cotton market after the Eid holidays. In the local cotton market some trading activity was witnessed after the easing of long lockdown.

Published 19 May, 2020 12:02am

Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 83,046 tonnes of cargo comprising 63,092 tonnes of import cargo and 19,954 tonnes of export cargo including 1,451 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday.

Published 19 May, 2020 12:02am

Energy

Asia's naphtha crack more than doubles on demand

Asia's naphtha physical crack surged by another 145% on Monday to reach a near two-and-a-half-week high of $32.20 a tonne, supported by strong demand and improving gasoline fundamentals.

Published 19 May, 2020 12:02am

Commodities

Thai rice prices fall as demand flows to India, Vietnam

Thai rice export prices fell this week as the drought-hit country saw fresh supplies entering the market while also facing stiff competition from cheaper Indian and Vietnamese offers.

Published 19 May, 2020 12:02am

Commodities

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,866.

Published 19 May, 2020 12:02am

Commodities

Russian export prices for new wheat crop down

Russian export prices for the new wheat crop, which is due to arrive this summer, fell last week following a decline in the global benchmark in Chicago, analysts said on Monday.

Published 19 May, 2020 12:02am

Commodities

Vietnamese coffee prices fall

Vietnamese coffee prices fell this week, tracking weakness in London prices, while trade in Indonesia was quiet as market participants waited for new harvest, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing are

Published 19 May, 2020 12:02am

US drugmaker reports promising early results from Covid-19 vaccine test

US biotech firm Moderna reported promising early results on Monday from the first clinical tests of an experimental vaccine against the novel coronavirus performed on a small number of volunteers.

Published 19 May, 2020 12:02am

French screen legend Michel Piccoli dies

Michel Piccoli, one of the most original and versatile French actors of the last half century, has died aged 94, his family said Monday. He died "in the arms of his wife Ludivine and his children Inord and Missia after a stroke", the family told AFP.

Published 19 May, 2020 12:02am

Scientists discover 'immune scars' on patients with lung infections

Patients recovering from severe lung infections develop "immunological scars" that stifle their body's immune response and heighten their risk of contracting pneumonia, a common killer of Covid-19 sufferers, researchers said Monday.

Published 19 May, 2020 12:02am

Libya unity government seizes airbase in new blow for rival Haftar

Libya's UN-recognised government scored another battlefield victory Monday against strongman Khalifa Haftar, capturing a key rear base used by his fighters in a conflict now in its second year.

Published 19 May, 2020 12:02am

American bluesman Lucky Peterson dies

American blues musician Lucky Peterson died suddenly Sunday at age 55 in Dallas, Texas. A message on his Facebook page, announcing the death "with great sorrow," said Peterson was rushed to a hospital in critical condition after falling ill at his home.

Published 19 May, 2020 12:02am

US economy showing 'encouraging signs': White House

The US economy is showing "encouraging signs" and there's no need for another spending package to combat the downturn caused by the coronavirus pandemic, a White House advisor said on Monday.

Published 19 May, 2020 12:02am

Global Business Economy

McDonald's slapped with sexual harassment lawsuit

An international group of labor unions said Monday it has filed a lawsuit against McDonald's for "systemic sexual harassment" at the fast food chain's restaurants around the world.

Published 19 May, 2020 12:02am

Global Business Economy

Uber says cutting 3,000 jobs and trimming investment

Uber on Monday announced it is cutting a quarter of its global workforce and trimming investment to survive the financial hit to its business from the coronavirus pandemic.

Published 19 May, 2020 12:02am

Global Business Economy

Macron, Merkel agree 500 billion euro recovery plan

France and Germany proposed Monday a 500 billion euro ($542 billion) fund to finance the recovery of the European Union's economy from the devastation wrought by the coronavirus crisis.

Published 19 May, 2020 12:02am

Telecommunication

Huawei says 'survival' at stake after US chip restrictions

Huawei on Monday assailed the latest US move to cut it off from semiconductor suppliers as a "pernicious" attack that will put the Chinese technology giant in "survival" mode and sow chaos in the global technology sector.

Published 19 May, 2020 12:02am

Global Business Economy

US auto plants get back to work

Two months after effectively freezing American auto manufacturing, Detroit's "Big Three" on Monday began a gradual ramp-up of plants with new configurations and procedures to prevent coronavirus outbreaks.

Published 19 May, 2020 12:02am

Telecommunication

Huawei to fund new tech hub at Imperial College London

Chinese telecoms giant Huawei is to fund a new £5 million ($6.1 million, 5.6-million-euro) technology hub at Imperial College London, British media reported. The institution did not confirm or deny the reports when contacted by AFP, and said an announceme

Published 19 May, 2020 12:02am

Global Business Economy

Thai economy slips into recession after worst quarter in 8 years

Thailand's economy contracted at its sharpest pace in eight years in the first quarter, pushing Southeast Asia's second largest economy into recession sooner than expected, as the coronavirius pandemic hit tourism and domestic activity.

Published 19 May, 2020 12:02am

Brief Recordings

Gul Ahmed Textile Mills

Gul Ahmed Textile Mills Limited (PSX: GATM) was established in 1953 as a private limited company and converted into a public limited company two years later in 1955. GATM has fully integrated textile operations, and is in the business of making cotton yar

Updated 19 May, 2020 04:26am

PSDP 2019-20: Rs 562 billion released against budgeted Rs 701 billion

The federal government has released Rs562 billion (80 percent) including Rs109.29 billion foreign aid (85 percent) for various ongoing and new development projects under the Public Sector Development Programme (PSDP) 2019-20 against the total budgeted all

Published 19 May, 2020 12:02am

IT & Computers

IT sector fetches $35.1m FDI in Jul-Apr

Information Technology sector fetched $35.1 million Foreign Direct Investment (FDI) in July-April 2020 compared to $22.9 million in the corresponding period of last fiscal year, registering an increase of around $12.2 million.

Published 19 May, 2020 12:02am

Rs 6.53 billion distributed among deserving families: Buzdar

Punjab Chief Minister Sardar Usman Buzdar on Monday said that more than Rs 6.53 billion has been distributed among the deserving families in five days under the CM Punjab Insaf Imdad Programme and Ehsaas Programme.

Published 19 May, 2020 12:02am

Taxes

FBR chief seeks updated lists of refund claimants

Federal Board of Revenue (FBR) Chairperson Nosheen Javed Amjad on Monday directed chief commissioners of large taxpayer units and regional tax offices (RTOs) to update lists of income tax refund claimants on emergency basis.

Published 19 May, 2020 12:02am

PFMA, food secy talks end with no result

Dialogues between the flour millers and the Punjab food secretary remained inconclusive on Monday to convince the millers to call off their strike after which the Pakistan Flour Mills Association (PFMA) announced to continue its strike till acceptance of

Published 19 May, 2020 12:02am

'Medical students not to be promoted without exams'

The Inter-Medical University Board, which met here on Monday, decided that no student of any medical or dental college would be promoted to next class without passing the examination.

Published 19 May, 2020 12:02am

Locust control: Arrangements completed for aerial spray

Agriculture Department Punjab in collaboration with the Department of Plant Protection has completed the arrangements of aerial spray to control the spring breed of locusts.

Published 19 May, 2020 12:02am

Business & Economy

SC directions hailed: LCCI submits proposals for budget 2020-21

The Lahore Chamber of Commerce & Industry (LCCI) has submitted its budget 2020-21 proposals to the federal government amid Covid-19 economic scenario suggesting deferment of interest payments of the businesses for six months, grant of exemption from the p

Published 19 May, 2020 12:02am

Minister urges traders to ensure SOPs implementation

Provisional Industries and Trade Minister Mian Aslam Iqbal met with a delegation of traders at Punjab Information Technology Board Office on Monday.

Published 19 May, 2020 12:02am

KBP rejects agriculture package

The Kissan Board Pakistan (KBP) rejected the agricultural package announced by the federal government and termed it a joke with the farmers.

Published 19 May, 2020 12:02am

Energy

Neelum Jhelum crosses 8 billion units mark

State-of-the-art 969 MW-Neelum Jhelum Hydropower Project achieved another milestone as its contribution to the national grid crossed 8 billion mark, said Wapda sources.

Published 19 May, 2020 12:02am

Business & Economy

Power-loom industry facing shortage of workers

Power-loom industry has restarted functioning throughout the country but only partially due to non-availability of fifty percent of skilled workforce, which moved to their hometowns due to COVID-19 and lockdown.

Published 19 May, 2020 12:02am

Coronavirus will not spare anyone, says Governor

Expressing concern over reports that coronavirus infections would multiply in the days to come, Punjab Governor Chaudhry Mohammad Sarwar said on Monday that the virus will not spare anyone and the only remedy left is either to stay home or strictly observ

Published 19 May, 2020 12:02am

Articles

Partly Facetious : Shahzad Akbar's girth is expanding!

"The Khan needs to issue an urgent directive..."

Published 19 May, 2020 12:02am

Global Covid-19 plastic waste could end up in country

While Pakistan is still grappling with an ever increasing number of Covid-19 cases, it is facing another impending environmental and health disaster as thousands of tons of global Covid-19 plastic waste may end up in the country in the absence of a ban on

Published 19 May, 2020 12:02am

Mayor for increasing KMC employees' salaries by 15 percent

Mayor Karachi Wasim Akhtar Monday directed finance department of Karachi Metropolitan Corporation (KMC) to increase 15 percent salaries of employees and pay them May salary in advance ahead of Eidul Fitr.

Published 19 May, 2020 12:02am

Business & Economy

OICCI welcomes amendments to Companies Act 2017

The Overseas Investors Chamber of Commerce and Industry (OICCI), has felicitated the SECP on the Companies (Amendment) Ordinance, 2020 promulgated on April 30. The Chamber, along with other leading business association, has in the past challenged some of

Published 19 May, 2020 12:02am

Energy

Ogra may face lack of quorum as member's contract expired

The Oil and Gas Regulatory Authority (Ogra) may face lack of quorum as member oil's contract expired on Friday, and contract of chairperson will expire in July.

Published 19 May, 2020 12:02am

Healthcare professionals: AKU to provide training on Covid-19 critical care

The Sindh government's collaboration with the Aga Khan University (AKU) to provide free-of-cost training and technical assistance on Covid-19 critical care to healthcare professionals working in the public sector launched on Monday.

Published 19 May, 2020 12:02am

Sindh Assembly session tomorrow

Speaker of Sindh Assembly, Agha Siraj Durrani, has summoned a session of the provincial assembly of Sindh to meet on Wednesday.

Published 19 May, 2020 12:02am

Business & Economy

KE announces further relief for small businesses

In continuation of earlier relief measures on account of the COVID-19 crisis, K-Electric (KE) is facilitating Small and Medium Enterprises (SMEs) through pre-paid electricity bills under the "Chota Karobar-o-Sannat Imadadi package" announced by the Federa

Published 19 May, 2020 12:02am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	278.97
USD PKR Interbank Buying / Jan 30	278.77
USD to Japanese Yen / Jan 30	154.56
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 29	6,039.31
Nasdaq / Jan 29	19,632.32
Hang Seng / Jan 29	20,225.11
Dow Jones / Jan 29	44,713.52
India Sensex / Jan 30	76,776.38
Tokyo Nikkei / Jan 30	39,467.47
FTSE 100 / Jan 30	8,567.71
Germany DAX 30 / Jan 30	21,655.86

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 29	18,285
Gold 10 Grams PKR / Jan 29	247,513
Crude Oil USD/Barrel / Jan 30	72.66
Gold Spot USD/Ounce / Jan 30	2,759.76
Cotton US¢/pound / Jan 30	66.57
Petrol/Litre / Jan 31	256.13

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular