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Print - 2020-05-22
State Bank of Pakistan conversion rates
Rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 22 May, 2020 12:03am
Barclays bid rates and maximum rates for payment of interest
Rates

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 22 May, 2020 12:03am
Currency notes: exchange rates
Rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (May 21, 2020).

Published 22 May, 2020 12:03am
Bill buying rates per unit of currency
Rates

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (May 21, 2020).

Published 22 May, 2020 12:03am
BOARD MEETINGS
Stocks

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 22 May, 2020 12:03am
Member to Member
Stocks

Member to Member

The following transactions member to member subsequently reported on Thursday (May 21, 2020).

Published 22 May, 2020 12:03am
THE RUPEE: Weak trend on interbank
Money & Banking

THE RUPEE: Weak trend on interbank

Pakistan Rupee exchange rate against USD was same in both interbank and open markets on Thursday. However, as compared to Wednesday's rates, PKR exchange rate weakened in interbank market while remaining unchanged in open market.
Published 22 May, 2020 12:03am
Pakistan Mercantile Exchange - PMEX
Rates

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (May 21, 2020).

Published 22 May, 2020 12:03am
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (May 21, 2020).

Published 22 May, 2020 12:03am
Bullion Rates
Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (May 21, 2020).

Published 22 May, 2020 12:03am
The Weather

The Weather

The weather report on Thursday (May 21, 2020) and the forecast for Friday (May 22, 2020).

Published 22 May, 2020 12:03am
China's iron ore gains on Brazil supply concerns
Commodities

China's iron ore gains on Brazil supply concerns

Dalian iron ore futures rose for a sixth straight session on Wednesday as concerns over supply from Brazil and China's strong appetite for the steelmaking raw material pushed spot prices to an eight-month high.
Published 22 May, 2020 12:03am
Asia's gasoline firms after returning to premium
Energy

Asia's gasoline firms after returning to premium

Asia's gasoline crack rose for the fifth straight session to reach a 12 cents premium to Brent on Wednesday, its highest level since March 13 as demand was gradually recovering while exports from China were seen lower this month.
Published 22 May, 2020 12:03am
Vietnam's coffee prices edge up
Commodities

Vietnam's coffee prices edge up

Vietnam's domestic coffee prices inched higher on Thursday, compared with last week, as supplies tightened after farmers refrained from selling the bean on hopes that re-opening of economies could boost prices further.
Published 22 May, 2020 12:03am
Activities of Karachi Port
Business & Economy

Activities of Karachi Port

The Karachi Port handled 136,123 tonnes of cargo comprising 75,760 tonnes of import cargo and 60,363 tonnes of export cargo including 5,613 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 22 May, 2020 12:03am
Euro steadies in Europe
Money & Banking

Euro steadies in Europe

The euro was set for a fifth consecutive day of gains on Thursday as optimism about a closer fiscal union in Europe remained high among investors as dire economic data failed to change sentiment amid US-China tensions.
Published 22 May, 2020 12:03am
Sterling down against dollar, euro
Money & Banking

Sterling down against dollar, euro

Sterling edged lower on Thursday against both the US dollar and the euro as a combination of weak business activity data and the risk of sub-zero interest rates weighed on the pound.
Published 22 May, 2020 12:03am
Most Asian units weaken
Money & Banking

Most Asian units weaken

Most Asian currencies posted small moves on Thursday, ahead of a key policy meeting in China, with sentiment largely tepid as weak data and Sino-US trade worries muted any enthusiasm over the lifting of the coronavirus-induced lockdown.
Published 22 May, 2020 12:03am
FTSE 100 retreats
Money & Banking

FTSE 100 retreats

London's FTSE 100 ended lower on Thursday as optimism faded about any speedy recovery from the coronavirus-induced economic slump, while US-China trade tensions returned firmly to the forefront of investors' minds.
Published 22 May, 2020 12:03am
SE Asian markets up
Stocks

SE Asian markets up

Most Southeast Asian stock markets rose on Thursday as hopes of a rebound in economic activity were boosted by countries easing coronavirus-induced restrictions and expectations of stimulus measures from China, the region's biggest trading partner.
Published 22 May, 2020 12:03am
Turkish lira little changed
Money & Banking

Turkish lira little changed

Turkish lira traded nearly flat against US dollar on Thursday ahead of a central bank policy setting meeting where it is expected to lower benchmark rate by 50 basis points.
Published 22 May, 2020 12:03am
Wall Street climbs
Stocks

Wall Street climbs

The three major averages on Wall Street notched their fourth gain in five sessions on Wednesday as investors again bet on a swift economic recovery from coronavirus-driven lockdowns and the potential for more stimulus measures from the Federal Reserve.
Published 22 May, 2020 12:03am
Thursday's early trade: Main indexes fall
Stocks

Thursday's early trade: Main indexes fall

Wall Street's main indexes dropped about 1% on Thursday as investors worried about escalating US-China trade tensions and concerns over a quick rebound from a coronavirus-led economic slump.
Published 22 May, 2020 12:03am
European stocks hit by US-China tensions
Stocks

European stocks hit by US-China tensions

European shares fell on Thursday, as signs of worsening US-China relations added to concerns over the pace of recovery from the coronavirus-led economic downturn.
Published 22 May, 2020 12:03am
China stocks lower
Stocks

China stocks lower

China stocks ended lower on Thursday, hurt by tech players, on news that US regulators are open to making changes to close a possible loophole in a new rule aimed at curbing global chip sales to Chinese firm Huawei Technologies Ltd.
Published 22 May, 2020 12:03am
Japanese shares slip
Stocks

Japanese shares slip

Japan's Nikkei share average snapped a four-day winning streak on Thursday, as investors were reluctant to chase markets after the benchmark hit a 2-1/2-month high, raising concerns that stocks were potentially overvalued.
Published 22 May, 2020 12:03am
Saudi stocks gain, other Gulf markets mixed
Stocks

Saudi stocks gain, other Gulf markets mixed

Saudi Arabian shares gained in early trade, registering their fifth consecutive daily gain amid a recovery in oil prices, after the world's largest oil producer agreed with Kuwait to halt oil production at the Al-Khafji field to curb supply glut.
Published 22 May, 2020 12:03am
Australian shares lower
Stocks

Australian shares lower

Australian shares closed lower on Thursday, hurt by losses in heavyweight miners and banks, as sentiment took a hit on fears of Chinese restrictions on the country's iron ore exports and a bleak forecast about bank loan defaults.
Published 22 May, 2020 12:03am
US pulls out of Open Skies treaty

US pulls out of Open Skies treaty

The United States announced its intention on Thursday to withdraw from the 35-nation Open Skies treaty allowing unarmed surveillance flights over member countries, the Trump administration's latest move to pull the country out of a major global treaty.
Published 22 May, 2020 12:03am
US approves sale of 18 torpedoes to Taiwan

US approves sale of 18 torpedoes to Taiwan

The United States approved the sale of 18 heavyweight torpedoes to Taiwan for $180 million, the State Department said Wednesday, in a move that could further strain Washington's already tense relationship with Beijing.
Published 22 May, 2020 12:03am
Palestinian official says CIA information-sharing halted

Palestinian official says CIA information-sharing halted

The Palestinian security services will stop sharing information with the US Central Intelligence Agency (CIA), in protest at Israeli plans to annex parts of the occupied West Bank, a senior official said Thursday.
Published 22 May, 2020 12:03am
Facebook ramps up remote work service
IT & Computers

Facebook ramps up remote work service

Facebook on Thursday bulked up the Workplace version of its social network that helps employees get their jobs done remotely, investing in a trend it believes will outlast the pandemic.
Published 22 May, 2020 12:03am
Japan newborn gets liver stem cells in world first

Japan newborn gets liver stem cells in world first

Doctors in Japan have successfully transplanted liver cells derived from embryonic stem cells into a newborn baby, in a world first that could provide new treatment options for infants.
Published 22 May, 2020 12:03am
Philippines tops world for online child sex abuse

Philippines tops world for online child sex abuse

The Philippines has become the world's largest known source of online child sexual exploitation, with endemic poverty helping drive a surge in abuse, a report said Thursday.
Published 22 May, 2020 12:03am
Three women crushed to death in Sri Lanka stampede for $8 handout

Three women crushed to death in Sri Lanka stampede for $8 handout

Three women were trampled to death during a stampede for an $8 cash handout in Colombo Thursday, amid growing desperation among Sri Lankans struggling to make ends meet during a coronavirus lockdown that has smashed the economy.
Published 22 May, 2020 12:03am
US jobless claims grind lower but backlogs, layoffs linger
Global Business Economy

US jobless claims grind lower but backlogs, layoffs linger

Millions more Americans filed for unemployment benefits last week as backlogs in processing claims continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another month of staggering job losses in Ma
Published 22 May, 2020 12:03am
Eurozone economy has 'likely bottomed out'
Global Business Economy

Eurozone economy has 'likely bottomed out'

The eurozone's economic slump has "likely bottomed out" after the bloc suffered a disastrous collapse under lockdowns to contain coronavirus, a closely watched survey by IHS Markit said Thursday.
Published 22 May, 2020 12:03am
Kuwait, Saudi Arabia halt oil production from neutral zone
Energy

Kuwait, Saudi Arabia halt oil production from neutral zone

Kuwait and Saudi Arabia are to suspend oil production from the neutral zone they share in June as part of cuts they agreed to shore up prices, a Kuwaiti official said. The OPEC oil cartel to which they both belong struck a deal with non-OPEC producers led
Published 22 May, 2020 12:03am
Lebanon PM pledges to stem devaluation, reduce food prices

Lebanon PM pledges to stem devaluation, reduce food prices

Lebanon's Prime Minister Hassan Diab pledged Thursday to stem devaluation and introduce subsidies on food imports, as his cabinet marked 100 days since it was formed to salvage a free-falling economy.
Published 22 May, 2020 12:03am
APTMA Punjab demands restoration of zero-rating regime
Cotton & Textile

APTMA Punjab demands restoration of zero-rating regime

In the wake of 64 percent plunge in export of textile products during April 2020 as compared to corresponding month of April, 2019 and plummet of domestic sales to the lowest ebb, Chairman All Pakistan Textile Mills Association (APTMA) Punjab Zone Adil Ba
Published 22 May, 2020 12:03am
PPP questions diversion of Covid-19 fund for interest payment

PPP questions diversion of Covid-19 fund for interest payment

Questioning the government's decision to allow diverting Rs10 billion from the coronavirus relief funds to pay interest on loans taken to retire circular debt, Senator Sherry Rehman said that has the government managed to curb the spread of COVID-19 that
Published 22 May, 2020 12:03am
Banned Indian origin goods: Bid to misuse EPZ facility foiled

Banned Indian origin goods: Bid to misuse EPZ facility foiled

Model Customs Collectorate (MCC), Exports, Port Qasim on Thursday claimed to have foiled an attempt to misuse the facility of Export Processing Zone (EPZ) to bring substantial quantity of banned Indian origin goods and other high value items in the countr
Published 22 May, 2020 12:03am
Revival of 'No Tax No Refund' regime demanded
Business & Economy

Revival of 'No Tax No Refund' regime demanded

Former president of KCCI and patron of SITE Association of Industry Zubair Motiwala has drawn the attention of the federal government towards the difficulties being faced due to inability of fully automated sales tax refund system (FASTER) by five zero-ra
Published 22 May, 2020 12:03am
Clarification

Clarification

The Ministry of Finance has described as factually inaccurate a news report published in a section of the press. In an official statement released on Thursday, the Ministry of Finance has clarified that the Prime Minister COVID Relief Fund is to be utiliz
Published 22 May, 2020 12:03am
Covid-19 testing capacity doubles after TTQ strategy: Umar

Covid-19 testing capacity doubles after TTQ strategy: Umar

The testing capacity for Covid-19 has been doubled after the launch of "Test, Track and Quarantine" (TTQ) strategy, Minister for Planning Asad Umar said this here on Thursday, while chairing a meeting of the National Command and Operation Centre (NCOC).
Published 22 May, 2020 12:03am
Tiger Force: Over 157,000 people in Sindh registered: Governor

Tiger Force: Over 157,000 people in Sindh registered: Governor

Sindh Governor Imran Ismail has said that more than 157,000 people in Sindh province have registered for the Tiger Force, which will start operating across the province immediately after Eid-ul-Fitr, initially it will be deployed at Ehsas Centers and Util
Published 22 May, 2020 12:03am
Easypaisa becomes 'Eidipaisa' to rejoice Eid

Easypaisa becomes 'Eidipaisa' to rejoice Eid

Easypaisa, Pakistan's leading digital financial services platform, is joining its millions of customers across the country in sharing the blessing of Eid-ul-Fitr.
Published 22 May, 2020 12:03am
UHS inks memo with NGO for free Covid-19 tests for less privileged

UHS inks memo with NGO for free Covid-19 tests for less privileged

The University of Health Sciences (UHS) on Thursday signed a memorandum of understanding (MoU) with Akhuwat Foundation under which the latter will provide 11,500 kits to the varsity for free testing of less privileged suspected coronavirus patients.
Published 22 May, 2020 12:03am
Wheat procurement in Punjab enters final stage: minister
Commodities

Wheat procurement in Punjab enters final stage: minister

Punjab Senior Minister Abdul Aleem Khan has said wheat procurement in the province has entered the final stage and 3.9 million metric tons and 87 percent target has been achieved so far while 98 percent "bardana" has also been distributed.
Published 22 May, 2020 12:03am
Punjab technical board cancels all exams

Punjab technical board cancels all exams

A meeting, presided over by the Punjab Minister for Industries, Commerce & Investment Mian Aslam Iqbal decided to cancel all exams under the Punjab Board of Technical Education (PBTE) in the wake of Covid-19 pandemic and approved the policy regarding prom
Published 22 May, 2020 12:03am
'Nepra equally responsible for mismanagement in power sector'
Energy

'Nepra equally responsible for mismanagement in power sector'

The National Electric Power Regulatory Authority (Nepra) is equally responsible for mismanagement and bad governance in the power sector and cannot shift the entire blame on the distribution companies (DISCOs)/power division as it has been allowing justif
Published 22 May, 2020 12:03am