News Archives for Print - 2020-05-21

Print - 2020-05-21

Tiger Force: PM to give admin powers to Governor Sindh

Prime Minister Imran Khan on Wednesday decided to give administrative powers of Corona Tiger Force to Governor Sindh Imran Ismail after the provincial government refused to involve the force in relief programs. According to details, PM Imran Khan, in a me

Published 21 May, 2020 12:09am

Newspaper holidays

The All Pakistan Newspapers Society said on Wednesday that it will observe two closed holidays on account of Eid-ul-Fitr.

Published 21 May, 2020 12:09am

Bank holidays

The State Bank of Pakistan (SBP) and all banks will remain closed from 22nd to 27th May, 2020 (Friday to Wednesday) on the occasion of Eid-ul-Fitr.

Published 21 May, 2020 12:09am

Sukuk issue: Rs 200 billion raised at less than Kibor rate: Power Division

The Power Division Wednesday said that it has raised Rs200 billion though Islamic Sukuk at less than Kibor rate (minus Kibor). This was done though competitive book-building at Pakistan Stock Exchange (PSX) though an open and transparent process.

Published 21 May, 2020 12:09am

ECC sets aside Rs10bn for Sukuk-II interest payment

A meeting of the Economic Coordin-ation Committee (ECC) of the Cabinet has set aside Rs10 billion from Corona Relief Package for power sector's energy Sukuk-II interest payment for a period of six months. It also decided before giving go ahead to availing

Published 21 May, 2020 12:09am

Corona Relief Tiger Force enters Sindh

Special Assistant on Youth Affairs Muhammad Usman Dar announced on Wednesday the services of Corona Relief Tiger Force for Sindh, setting aside the strong resistance from the provincial government.

Published 21 May, 2020 12:09am

Train services resume after nearly 2 months

Passengers train operation resumed partially on Wednesday after some eight weeks of continual suspension in the backdrop of Covid-19 pandemic.

Published 21 May, 2020 12:09am

PM inaugurates Telehealth Portal

Prime Minister Imran Khan expressed his apprehension on Wednesday that the people may have to live with the virus for at least a year or as long as a vaccine was not made.

Published 21 May, 2020 12:09am

Army chief, PM discuss Covid-19 situation

Chief of Army Staff General Qamar Javed Bajwa called on Prime Minister Imran Khan on Wednesday, said a press release.

Published 21 May, 2020 12:09am

Rozgar Refinance Scheme: SBP allows reimbursement of wages, salaries

The State Bank of Pakistan (SBP) has allowed reimbursement of wages and salaries paid by businesses from their own sources during the April and May, under its Rozgar Refinance Scheme. According to SBP, in order to facilitate those borrowers, who had appli

Published 21 May, 2020 12:09am

SC terms Covid-19 additional burden on economy

The Supreme Court Wednesday noted that the Covid-19 has come as an additional burden on the federal government, and the manner in which this virus has started spreading in Pakistan, has set the alarm bells ringing.

Published 21 May, 2020 12:09am

WEF's Covid-19 Action Platform: Very serious situation for Pakistan's economy: PM

Prime Minister Imran Khan has stressed upon the world leaders to forge a global response the coronavirus spectre.

Published 21 May, 2020 12:09am

Stocks

Profit-taking sets in on PSX: BRIndex100 retreats

Pakistan Stock Exchange Wednesday witnessed a negative trend as investors opted to book profit.

Published 21 May, 2020 12:09am

CPEC: Wells reiterates criticism of China

Alice Wells, the Principal Deputy Assistant Secretary of State for South and Central Asia at the US Department of State, Wednesday reiterated her country's position on the China Pakistan Economic Corridor (CPEC) and hoped that China would renegotiate the

Published 21 May, 2020 12:09am

Money & Banking

Some business models won't survive post-pandemic: Fed

Some types of businesses may not be able to survive in the post-pandemic world even after the American economy recovers from the coronavirus, the US Federal Reserve said Wednesday.

Published 21 May, 2020 12:09am

'Super cyclone' Amphan batters Bangladesh, India

The strongest cyclone in decades slammed into Bangladesh and eastern India on Wednesday, sending water surging inland and leaving a trail of destruction as the death toll rose to at least nine. High winds and torrid rains pounded coastal villages and citi

Published 21 May, 2020 12:09am

PTI MPA Shaheen Raza dies of coronavirus

PTI MPA and member of Punjab Assembly Shaheen Raza passed away here at Mayo Hospital after having tested positive for the coronavirus.

Published 21 May, 2020 12:09am

FATF, Covid-19, debt relief: Hafeez says govt appreciates US support

Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said that Pakistan appreciates the support extended by the US in the FATF, the COVID-19 and debt relief from the G20 countries, said a press release issued on Wednesday.

Published 21 May, 2020 12:09am

Unregistered buyers: Legal changes in CNIC condition likely

Some legal changes are expected in the condition of providing Computerized National Identity Card (CNICs) numbers of the unregistered buyers including enhancement of limit from Rs50,000 to Rs100,000 in the coming budget (2020-21).

Published 21 May, 2020 12:09am

US hits top Iranian officials for human rights abuses

The US government imposed sanctions on Wednesday on an Iranian government minister and senior law enforcement and military officials over human rights abuses. "The Iranian regime violently suppresses dissent of the Iranian people, including peaceful prote

Published 21 May, 2020 12:09am

GST, FED payments for April: Deadline extended till May 29

The Federal Board of Revenue (FBR) has extended the date for payment/submission of sales tax and federal excise duty for the tax period of April 2020.

Published 21 May, 2020 12:09am

Brazil sees record virus deaths as pandemic surges in Latin America

Brazil has seen a record number of coronavirus deaths as the pandemic that has swept across the world begins to hit Latin America with its full force.

Published 21 May, 2020 12:09am

Rolls-Royce cuts 9,000 jobs as airlines turn off engines

Rolls-Royce, the British maker of plane engines, said Wednesday it will cut at least 9,000 jobs and slash costs elsewhere, as the coronavirus hammers the aviation sector.

Published 21 May, 2020 12:09am

Transport: Reduction in fares can help subdue inflation: Pasha

The rate of inflation may come down to 6 percent from the current 8.5 percent if transport fares come down fully to reflect the saving in fuel costs of over 30 percent after reduction in the petroleum prices by the government since end of March, said reno

Published 21 May, 2020 12:09am

Palestinian head warns of total break in case of Israel annexation

Palestinian president Mahmud Abbas has warned that Israeli annexations in the occupied West Bank would spell the end of all security coordination, as international opposition to the plans grows.

Published 21 May, 2020 12:09am

Report on sugar crisis: Special cabinet meeting today

Prime Minister Imran Khan has convened a special cabinet meeting on Thursday (today) on much-awaited sugar report prepared by Sugar Commission.

Published 21 May, 2020 12:09am

Miftah does not appear before NAB in LNG scam

Former finance minister Miftah Ismail did not appear before the National Accountability Bureau (NAB), which has summoned him to appear in the Liquefied Natural Gas (LNG) scam.

Published 21 May, 2020 12:09am

Eid-ul-Fitr will be on 25th, claims Mufti Khalid

The new moon will not be easily visible on the evening of Saturday, 23rd May 2020, in all the areas of Pakistan, said Khalid Ejaz Mufti, Secretary-General Ruet-e-Hilal Research Council, in a statement.

Published 21 May, 2020 12:09am

Letters

The menace of illegal appointments

Although prime minister Imran Khan has sought details of all illegal recruitments in various ministries and departments, I'm not sure about government's sincerity of purpose. Over the years, these ministries, departments, semi-autonomous agencies have bee

Published 21 May, 2020 12:09am

Articles

Europe's Franco-German 'motor' sputters back to life

President Emmanuel Macron and Chancellor Angela Merkel have jump-started the Franco-German "motor" at the heart of Europe by jointly pitching a hugely ambitious economic recovery plan, even if it faces a bumpy road ahead.

Published 21 May, 2020 12:09am

Articles

Digital transformation in the time of Covid-19

Digital and IT transformations are the only way forward. Before the on-going pandemic, technology adoption was the only way ahead and this will not change once the world emerges from this crisis.

Published 21 May, 2020 12:09am

Articles

In the name of the poor

How easily our worldview mutates. How quickly our hierarchy of ambition gets rehashed and reset. All it takes is an invisible microbe.

Published 21 May, 2020 12:09am

Religious freedoms: violations by India

The scourge of coronavirus has not stopped India's ultra Hindu nationalist government from targeting Muslims in its zeal to create a "Hindu Rashtra." On Thursday, the US Commission for International Religious Freedom (USCIRF) expressed its concern over th

Updated 21 May, 2020 08:31am

NFC award

The heated controversy between the federal government and opposition leaders on the seventh National Finance Commission (NFC) award raising the share of the provinces from the divisible pool of taxes to 57.5 percent (with a concomitant reduction of the fe

Updated 21 May, 2020 08:29am

Taxes

COVID-19 cases: FBR bars tax men from closing offices sans approval

The Federal Board of Revenue (FBR) Wednesday strictly barred field formations from unilaterally closing offices due to the coronavirus without taking prior approval of the headquarters. The FBR has issued instructions to the field formations here on Wedne

Published 21 May, 2020 12:09am

Business & Economy

Budget 2020-21: CGO 12 to be amended to dispose of seized cigarettes

To control the consumption of smuggled cigarettes, the government is planning to remove a major distortion in the customs laws during budget (2020-21), by amending a Customs General Order (CGO) 12 of 2002, which allows confiscated/seized smuggled cigarett

Published 21 May, 2020 12:09am

Brief Recordings

Pakistan State Oil

The downstream oil and gas sector has been facing the challenge of falling consumption and sales much before COVID-19 started rearing its head. Part of this has to do with change in the energy mix that has affected both refineries and oil marketing compan

Updated 21 May, 2020 03:55am

BRT project completion: CM aide declines to give deadline

Special Assistant to KP CM on Local Govt & Rural Development (LG&RD), Kamran Khan Bangash has declined to give deadline for the completion of Bus Rapid Transit (BRT) Peshawar project.

Published 21 May, 2020 12:09am

Aaj News special transmission 'Pur Azm Pakistan' concludes

Aaj News special transmission 'Pur Azm Pakistan' concluded here Wednesday after creating imprints in the hearts and minds of its viewers to remember it for long time.

Published 21 May, 2020 12:09am

Domestic flights: PIA extends baggage limit

Pakistan International Airlines (PIA) in order to facilitate domestic passengers during Eid-ul-Fitr has extended maximum allowable baggage limit to 35 kilograms from 20 kilograms on domestic flights.

Published 21 May, 2020 12:09am

Retail shops will remain open in KP during Eid: Ajmal

Khyber Pakhtunkhwa (KP) Advisor for Information and Public Relations Ajmal Wazir on Wednesday said that all retail shops across the province would remain open during Eid-ul-Fitr days.

Published 21 May, 2020 12:09am

104 test positive for Covid-19 in federal capital

The number of Covid-19 cases reported in federal capital rose to 1,134 on Wednesday after 104 more people were tested positive, the largest increase in patients in a single day in the city.

Published 21 May, 2020 12:09am

President distributes ration among Afghan refugees

President Dr Arif Alvi on Wednesday distributed ration among Afghan refugees here in the wake of COVID-19 pandemic.

Published 21 May, 2020 12:09am

Articles

Partly Facetious: Refined sugar!

"So will Shahbaz Sharif be arrested after Eid or won't he! Yes, sayeth GG."

Published 21 May, 2020 12:09am

Coordinated steps being taken to eradicate locust: Fakhar

Minister for Food Security, Syed Fakhar Imam Wednesday said coordinated steps are being taken at the federal and provincial levels to eradicate locust. Addressing a media briefing, he said locust attack was an international threat and the government was t

Published 21 May, 2020 12:09am

Contractors, machinery on site to initiate construction of Diamer-Bhasha dam

Minister for Water Resources Faisal Vawda on Wednesday said the contractors and machinery had reached Chilas city in Gilgit-Baltistan to formally begin construction work on Rs1.4 trillion Diamer-Basha dam.

Published 21 May, 2020 12:09am

Business & Economy

Hub SEZ expected to create 90,000 jobs

Special Economic Zone (SEZ) in Hub, Balochistan, is expected to create 90,000 jobs in 211 industrial units.

Published 21 May, 2020 12:09am

Opposition in Sindh PA approaches SHC against 'violation of Constitution'

Opposition in Sindh Assembly Wednesday approached Sindh High Court (SHC) against what if called "violation of constitution" by speaker of provincial assembly for not convening the session despite the requisition of opposition parties.

Published 21 May, 2020 12:09am

Hot and humid weather to continue in city

The continuing heatwave has finally reduced into hot and humid weather, as the temperature in the city is expected to remain up to 38 degrees Celsius in the next 24 hours, the Met Office said on Wednesday.

Published 21 May, 2020 12:09am

Business & Economy

PBC for resuming some industries' operations with SOPs

The Pakistan Business Council (PBC) has urged Sindh government to allow industries other than steel, cement and apparel to resume operations, conditional of course to compliance with the SOPs prescribed.

Published 21 May, 2020 12:09am

Removal of IRSA members unconstitutional: Murtaza

Spokesperson for the Sindh Government and Advisor on Law, Environment and Coastal Development Murtaza Wahab has said that the Sindh government has declared the decision of the federal cabinet to remove three IRSA members unconstitutional.

Published 21 May, 2020 12:09am

Business & Economy

FPCCI budget proposal: FBR urged to withdraw discretionary powers vested with tax officials

Mian Anjum Nisar, President and Zakaria Usman, Convener, Budget Advisory Council of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) urged the Federal Board of Revenue (FBR) to withdraw the discretionary powers vested with the tax offici

Published 21 May, 2020 12:09am

Eid prayers to be held as per federal govt's guidelines: Nasir

Sindh Minister for Information Syed Nasir Hussain Shah Wednesday said that prayers of Jumu'atul-Wida and Eid in Sindh would be held in accordance with the guidelines issued by the federal government. The provincial Information Minister said that the 20-po

Published 21 May, 2020 12:09am

Stocks

UK sells negative bond yields for first time

Britain on Wednesday sold bonds for the first time at a negative yield, meaning investors are paying to own haven sovereign debt as they shelter from coronavirus turmoil.

Published 21 May, 2020 12:09am

Energy

Renewable energy should be at the heart of virus recovery plans: IEA

The International Energy Agency on Wednesday called on governments to put clean energy at the heart of their coronavirus economic recovery plans, as it forecast the first slowdown in new renewable power installations worldwide in two decades.

Published 21 May, 2020 12:09am

Global Business Economy

Virus prompts Air France-KLM to ditch A380s

Air France-KLM announced Wednesday the "definitive end" of operations of the world's biggest commercial airliner, the A380, owing to the devastating coronavirus impact on air travel.

Published 21 May, 2020 12:09am

Global Business Economy

Dubai investment arm's net profits rise

The Investment Corporation of Dubai reported Wednesday a 16.9 percent rise in 2019 profit but anticipated "significant disruptions" ahead due to the coronavirus pandemic. The emirate's investment arm, which holds major stakes in a highly diversified portf

Published 21 May, 2020 12:09am

EU court rejects Nord Stream complaint on pipeline law

A European court on Wednesday rebuffed a complaint from the Nord Stream and Nord Stream 2 pipeline companies that an EU law unfairly targets their links from Russia to Germany.

Published 21 May, 2020 12:09am

Money & Banking

France greenlights bill to revamp W African currency

France's government on Wednesday approved draft legislation that will transform West Africa's CFA franc into the "Eco", a revamped currency with no lasting links to the region's former colonial ruler.

Published 21 May, 2020 12:09am

Global Business Economy

China becomes large shareholder in Norwegian Air Shuttle

Aircraft leasing company BOC Aviation, controlled by the Chinese state, has become a major shareholder in Norwegian Air Shuttle as part of the ailing airline's rescue plan, Norwegian said Wednesday.

Published 21 May, 2020 12:09am

Energy

UK inflation dives on oil-price crash

British inflation hit a near four-year low in April as oil prices crashed, official data showed Wednesday, with the rate set to slide further as the coronavirus slashes prices generally.

Published 21 May, 2020 12:09am

Son of Mexican ex-president kills himself

A son of Mexico's former president Luis Echeverria Alvarez, who governed in the 1970s with an iron fist, has killed himself, authorities said Tuesday.

Published 21 May, 2020 12:09am

LG chairman apologises over gas leak, fire

LG Group chairman Koo Gwang-mo apologised Wednesday over two fatal accidents at LG Chem facilities in the past two weeks, reports said, including a gas leak in India that killed 12 people.

Published 21 May, 2020 12:09am

Two dams fail in Michigan

Thousands of residents were being evacuated in Michigan Wednesday after two dams failed following heavy rains and triggered what officials warned will be "historic" flooding.

Published 21 May, 2020 12:09am

US fighter jet crashes in Florida, second accident in a week

A US fighter jet has crashed during a test flight in Florida, the air force said Wednesday, the second military air accident in a week in the state.

Published 21 May, 2020 12:09am

Singapore slammed for 'cruel' Zoom death sentence

Singapore was criticised for being "cruel and inhumane" Wednesday after a death sentence was handed down via video-conferencing platform Zoom.

Published 21 May, 2020 12:09am

Three aid workers killed as S Sudan clashes leave 'many' dead

South Sudan's UN peacekeeping mission said Wednesday it was investigating reports that "many people" had died in a surge of intercommunal violence that killed three aid workers and left several missing.

Published 21 May, 2020 12:09am

Central Africa army, UN troops repel attack

Government forces in southeastern Central African Republic, backed by UN troops, on Wednesday repelled an attack by a rebel militia, killing "around 10" assailants and capturing others, an official spokesman said.

Published 21 May, 2020 12:09am

China slams US for 'dangerous' message to Taiwan's leader

China slammed the United States for its "dangerous" decision to congratulate Taiwan's President Tsai Ing-wen on her Wednesday inauguration, as the self-ruled island became the latest flashpoint between the world's two largest economies. Taiwanese voters h

Published 21 May, 2020 12:09am

The SECP will facilitate companies and ensure health and safety

The SECP, to facilitate companies and ensure health and safety of all concerned, has decided to conduct Appellate Bench hearings through video conferencing where parties i.e. Appellant and Respondent can make their hearing submissions from their respectiv

Published 21 May, 2020 12:09am

Energy

Shell Pakistan's quarter results impacted during pandemic

The Board of Directors of Shell Pakistan Limited announced the first quarter results for the company on 20th May. The company posted an after tax loss of Rs 4,332 million compared to the profit of Rs 257 million made in the same period last year.

Published 21 May, 2020 12:09am

IT & Computers

Facebook assisting NGOs in their welfare activities

Facebook widely helping the Non Government Organisation (NGOs) to spread their services among the needy and underprivileged people.

Published 21 May, 2020 12:09am

1017 new cases of Covid-19 detected across Sindh: CM

Sindh Chief Minister Syed Murad Ali Shah has said that 1017 cases of coronavirus have been detected by conducting 6164 tests.

Published 21 May, 2020 12:09am

Commodities

Shipping data suggests Brazil may break monthly sugar export record

The line of ships waiting to load sugar in Brazil has more than doubled in the last week, suggesting Brazil may set a new monthly sugar export record, Plinio Nastari, the president of consultancy Datagro told Reuters.

Published 21 May, 2020 12:09am

Commodities

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,023.

Published 21 May, 2020 12:09am

Commodities

India resumes purchases of Malaysian palm oil

Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said.

Published 21 May, 2020 12:09am

Energy

Asia's gasoline turns positive first time

Asia's gasoline crack turned positive for the first time in nearly two months on Tuesday, hitting a 4 cents premium to Brent oil compared to discount of 39 cents, as demand is seen gradually recovering with lockdowns easing in parts of the world.

Published 21 May, 2020 12:09am

Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 131,933 tonnes of cargo comprising 90,059 tonnes of import cargo and 41,874 tonnes of export cargo including 5,281 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.

Published 21 May, 2020 12:09am

Cotton & Textile

Dullness prevails on cotton market

The cotton market remained dull despite easing of lockdown. Market sources told that cotton trading will fully resume after Eid holidays. They also said that after the easing of the lockdown the demand of the textile products is increased to some extent b

Published 21 May, 2020 12:09am

Energy

European gasoline margins rise on firmer demand

Northwest European gasoline refining margins rose into positive territory on Tuesday as more countries eased lockdown measures.

Published 21 May, 2020 12:09am

Commodities

European wheat prices tick up

European wheat prices ticked up on Tuesday as traders weighed harvest prospects after recent poor weather, while export demand continued to be low.

Published 21 May, 2020 12:09am

Stocks

Japanese shares advance

Japanese stocks gained on Wednesday, supported by hopes that the government would allow economic and social activities to resume in response to a decline in new coronavirus infections.

Published 21 May, 2020 12:09am

Stocks

SE Asian markets up

Most Southeast Asian stock markets rose on Wednesday, with Thailand leading the pack, after the country's central bank cut its benchmark interest rate to a record low to cushion the economy from the coronavirus impact.

Published 21 May, 2020 12:09am

Stocks

Egyptian stocks plummet

Egyptian shares fell sharply on Wednesday amid the tightening of coronavirus restrictions, but major Gulf equity markets were higher, with Abu Dhabi's index rising the most on the back of First Abu Dhabi Bank.

Published 21 May, 2020 12:09am

Stocks

China shares down

China shares closed down on Wednesday as cautious investors held back waiting to hear the government's economic plans to be made during the country's annual political meetings.

Published 21 May, 2020 12:09am

Stocks

Wednesday's early trade: Wall Street climbs

Wall Street's main indexes surged and the Nasdaq hit its highest level in three months on Wednesday as investors clung to hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors.

Published 21 May, 2020 12:09am

Stocks

S&P stumbles as Moderna sinks

The S&P 500 closed lower on Tuesday, as investors focused on a report questioning Moderna's recent coronavirus vaccine early-stage trial results, wiping out modest gains on the benchmark index in the last hour of trading.

Published 21 May, 2020 12:09am

Stocks

European shares unchanged

European shares were flat on Wednesday after a downbeat session on Wall Street, as doubts over a potential COVID-19 vaccine fanned concerns about whether and how fast the world can successfully emerge from the coronavirus crisis.

Published 21 May, 2020 12:09am

Stocks

FTSE 100 rises

London's FTSE 100 index rose on Wednesday, rebounding from an early fall partly thanks to solid quarterly results from data firm Experian, while investors remained hopeful of a recovery after the looming new coronavirus-induced recession.

Published 21 May, 2020 12:09am

Money & Banking

Sterling slips against euro

Sterling edged up against the US dollar but fell versus the euro on Wednesday as clouds lingered over the pound after UK inflation fell below 1% to its lowest in nearly four years.

Published 21 May, 2020 12:09am

Money & Banking

Most Asian units struggle

Asian currencies struggled to find direction on Wednesday after a report raised questions about the effectiveness of an early-stage COVID-19 trial vaccine, ending the risk-on momentum that had boosted the region's riskier assets in the previous session.

Published 21 May, 2020 12:09am

Money & Banking

Early trade in New York: Dollar falls against euro

The US dollar fell to a more than two-week low against the euro as the common currency enjoyed a boost from the recently announced proposal for a common fund that could move Europe closer to a fiscal union as it tries to counter the economic hit from the

Published 21 May, 2020 12:09am

Money & Banking

Euro advances towards 2-week high in Europe

The euro extended gains on Wednesday, climbing towards a two-week high, as a Franco-German proposal for a common fund that could move Europe closer to a fiscal union boosted demand for the currency.

Published 21 May, 2020 12:09am

Elected local govt representatives trying best to resolve problems: Mayor

Mayor Karachi Wasim Akhtar Wednesday said that elected local government representatives try their best to resolve problems of the people as well as issues of Karachi Metropolitan Corporation as the department's employees are also serving Karachiites.

Published 21 May, 2020 12:09am

Money & Banking

UPaisa removes charges on transactions using mobile wallet accounts

To upscale the pace of digital transactions and provide convenience, UPaisa Wednesday further facilitated its customers by completely removing the charges on all transactions using mobile wallet accounts.

Published 21 May, 2020 12:09am

Business & Economy

Sindh Government urged to reopen textile, allied industries

Ahmed Chinoy urged Sindh Government to reopen all the textile and its allied industries. Pakistan is the 8th largest exporter of textile commodities in Asia.

Published 21 May, 2020 12:09am

Muslims were not responsible for any world war

Pakistan People's Party (PPP) Secretary General Syed Nayyar Hussain Bukhari said that Muslims were not responsible for any world war but Muslims were being punished.

Published 21 May, 2020 12:09am

Rashid thanks provinces for facilitating PR service resumption

After eight-week-long suspension, the Pakistan Railways resumed its operations on Wednesday as Awami Express, the first train, left the Karachi Cantonment Station at 10am.

Published 21 May, 2020 12:09am

METRO Pakistan holds blood donation drive

METRO Pakistan as part of its life savers campaign managed a blood collection drive and set up blood camps at six of its stores in Islamabad, Faisalabad, and Lahore to give its employees and customers an opportunity to donate blood.

Published 21 May, 2020 12:09am

Cotton & Textile

Incremental claims of DDT: PHMA-NZ demands of govt to extend deadline

Pakistan Hosiery Manufacturing and Exporters Association, North Zone (PHMA-NZ), has demanded of the government to extend the deadline on submission of "incremental claims" of duty drawback of taxes for the financial year 2018-19 to 31 July 2020, and 50 pe

Published 21 May, 2020 12:09am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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