News Archives for Print - 2020-05-30

Print - 2020-05-30

International flights resume

The government of Pakistan has permitted all national and foreign carriers to resume its scheduled/non-scheduled and charter operations with effect from one minute to last midnight.

Published 30 May, 2020 12:06am

Taxes

FBR chief excuses from meeting Senate Chairman

The Federal Board of Revenue (FBR) Chairperson, Nausheen Javed Amjad, on Friday excused herself from meeting the Senate Chairman, Sadiq Sanjrani, it has been learnt.

Published 30 May, 2020 12:06am

Virus tolls surge in Russia, Americas as Europe speeds reopening

The death toll from the coronavirus pandemic spiked again in Russia and the Americas on Friday, even as Europe's experiment with reopening from lockdown grew bolder by the day.

Published 30 May, 2020 12:06am

Toshakhana reference: Arrest warrants issued for Nawaz Sharif

An Accountability Court hearing multi-billion rupees fake bank accounts case on Friday issued bailable arrest warrants for former prime minister Nawaz Sharif for not appearing before it in the Toshakhana (treasure-house) reference.

Published 30 May, 2020 12:06am

India quarterly growth worst in two decades as lockdown bites

India's economy grew at its slowest pace in at least two decades last quarter, government data showed Friday, with warnings of far worse to come as it grapples with the fallout of the world's largest coronavirus lockdown.

Published 30 May, 2020 12:06am

China slams 'senseless' US move at UN over Hong Kong

China accused the US of taking the UN hostage on Friday over a controversial security law for Hong Kong and warned Western nations to stay out of its internal affairs.

Published 30 May, 2020 12:06am

Equities slip as Trump readies Beijing response

Global equities mostly sank on Friday as US President Donald Trump readied a response to Beijing's controversial planned national security law for Hong Kong.

Published 30 May, 2020 12:06am

All-time high 2,801 cases and 57 deaths registered in 24 hours: Mirza

Pakistan Friday reported a record 2,801 cases and 57 deaths as the total cases of Covid-19 crossed 64,000, according to Special Assistant to the Prime Minister (SPAM) on National Health Services Dr Zafar Mirza.

Published 30 May, 2020 12:06am

Covid-19 pandemic: TI-P accuses govts of not following rules

Transparency International Pakistan (TI-P) has accused federal and provincial governments of not following rules meant to upload contracts awarded to procure goods worth billions of rupees for dealing with Covid-19 epidemic on their websites.

Published 30 May, 2020 12:06am

Combined income groups: SPI inflation up 0.13pc WoW

The SPI inflation during the week that ended May 28, 2020 against May 21, 2010 recorded an increase of 0.13 percent for combined income groups, ie, from 128.15 points to 128.32 points, Pakistan Bureau of Statistic (PBS) revealed.

Published 30 May, 2020 12:06am

Stocks

Oil sector leads PSX rally: BRIndex100 rebounds

Improving oil prices in the international market invited healthy buying in E&P and OMC sectors that supported Pakistan Stock Exchange to close on a positive note on Friday.

Published 30 May, 2020 12:06am

PM, others take stock of situation

Prime Minister Imran Khan on Friday chaired a meeting to review the state of economy of the country, and Adviser on Finance Dr Hafeez Shaikh briefed the premier on the preparation of budget for the next fiscal year.

Published 30 May, 2020 12:06am

Power sector entities: ECC questions Rs200bn disbursement plan

The Economic Coordination Committee (ECC) of the Cabinet has raised serious questions over the disbursement plan of Rs200 billion to the power sector entities and asked the Power Division to come up with criterion on Saturday (May 30) as to on what basis

Published 30 May, 2020 12:06am

White House dares Twitter in war over Trump tweets

The White House thumbed its nose at Twitter on Friday by reposting a President Donald Trump tweet that the social media giant had just taken the unprecedented step of hiding, because it violated the platform's rules against "glorifying violence."

Published 30 May, 2020 12:06am

Hundreds of troops deployed as angry US anti-racism protests spread

Hundreds of troops deployed to the streets of Minneapolis and St. Paul early Friday after a third night of rioting over police brutality against African Americans left hundreds of shops damaged and a police station on fire.

Published 30 May, 2020 12:06am

COAS reiterates commitment to global peace

The International Day of United Nations Peacekeepers was observed Friday to pay tribute to the uniformed and civilian personnel's invaluable contribution to maintaining peace across the world.

Published 30 May, 2020 12:06am

'Pakistan plans to raise $1.5 billion in Eurobonds'

Pakistan plans to raise $1.5 billion through Eurobonds to bridge a balance of payments gap for the financial year beginning July 1, two government officials said on Friday.

Published 30 May, 2020 12:06am

US officer charged with murder over unarmed black man's death

The Minneapolis police officer accused of killing an unarmed African American man was arrested and charged with murder Friday as authorities sought to restore peace after three nights of violent protests left parts of the city in flames.

Published 30 May, 2020 12:06am

Ogra recommends slashing of prices of petroleum products

The Oil and Gas Regulatory Authority (Ogra) on Friday calculated an increase in the price of high-speed diesel (HSD), but it recommended slashing of prices of other petroleum products by up to Rs11.88 per litre for June 2020. In line with the slump in glo

Published 30 May, 2020 12:06am

Registration of projects: FBR unveils declaration for builders and developers

The Federal Board of Revenue (FBR) Friday issued declaration for developers and builders for registration of their new and ongoing projects in the real estate sector with the Iris portal of the bureau.

Published 30 May, 2020 12:06am

First post-lockdown flight departs Europe for China

A first charter flight carrying Europeans to China following weeks of lockdown departed Germany's biggest hub Frankfurt late Friday, carrying around 200 workers and their families. On arrival, "we expect we'll have very long checks, fever measurements, co

Published 30 May, 2020 12:06am

Pakistan begins transit trade to Afghanistan via Gwadar port

Pakistan's Commerce Ministry operationalised the Gwadar Port for Afghan transit trade on Friday, marking a first in sea trade between the two countries. The trade business has commenced under the Afghanistan-Pakistan Transit Trade Agreement-2010 (APTTA),

Published 30 May, 2020 12:06am

Britain pushing US to form 5G club to cut out Huawei: report

Britain wants the United States to form a club of 10 nations that could develop its own 5G technology and reduce dependence on China's Huawei, The Times newspaper reported Friday.

Published 30 May, 2020 12:06am

Amendment in companies law: PM misled by Cabinet aides?

Prime Minister Imran Khan is said to have been again misled by his cabinet aides, now through "controversial" amendments in the Companies Act, 2017 as many disturbing revelations were made in the federal cabinet on May 19, 2020, well-informed sources told

Published 30 May, 2020 12:06am

CCI reduced to ceremonial entity

The role of Council of Common Interests (CCI), a constitutional body tasked to resolve issues between the centre and provinces, has been reduced to a ceremonial entity due to alleged apathy of present and previous governments in making CCI an effective pl

Published 30 May, 2020 12:06am

Letters

Sugar inquiry report

Unlike most reports of various Inquiry committees and commissions formed by previous governments, the reports of the sugar Inquiry Committee and the Commission(established in the light of the Committee's report) have been made public. The credit for this

Published 30 May, 2020 12:06am

Articles

In the US, camera phones increasingly expose racism

From the death of a black man in Minneapolis to a racist incident in Central Park, camera phones are increasingly being used as a weapon against racism even when justice doesn't always follow.

Published 30 May, 2020 12:06am

Articles

A tale of two horses

Unfortunately, the exact quote, which by the way succinctly brings out the message, cannot be published - blame it on the censor board. Be that as it may, the more refined version comes out thusly: you cannot ride two horses with one behind.

Published 30 May, 2020 12:06am

Articles

The challenge of SOEs

The 190 State-Owned Enterprises (SOEs) comprising Public Sector Companies (PSCs), Development Finance Institutions (DFIs) and Authorities, employing a total of over 425,000 personnel, incur a colossal loss of around Rs 500 billion a year. In other words,

Published 30 May, 2020 12:06am

Science and technology ministry shows the way

Federal Minister Fawad Chaudhary has been in the public eye for a while now, and not always for completely uncontroversial reasons. One reason is his expansive background. Making a career as a spokesman for political parties one after the other, especiall

Published 30 May, 2020 12:06am

Agri income tax

Overseas Investors Chamber of Commerce and Industry (OICCI) have urged the Punjab government to collect agriculture tax on the basis of net income instead of landholding. This demand has been made by various sectors, sub-sectors, domestic economists as we

Published 30 May, 2020 12:06am

Commodities

PSMC Stakeholders: Group approaches minister

Pakistan Steel Mills Corporation (PSMC) Stakeholders Group has approached Minister for Industries and Production, Hammad Azhar for a meeting prior to resubmission of employees retrenchment plan to the Economic Coordination Committee (ECC) of the Cabinet.

Published 30 May, 2020 12:06am

Three die of Covid-19 in federal capital

Three patients of coronavirus passed away and another 85 tested positive for Covid-19 on Friday taking total number of confirmed patients in the capital city to 2,100.

Published 30 May, 2020 12:06am

Commodities

Commodities: Body to prepare recommendations for determining prices

The Punjab government has decided to set up a committee that will prepare recommendations on a mechanism for determining prices of commodities on a quarterly basis.

Published 30 May, 2020 12:06am

Taxes

Adjustable FED on un-manufactured tobacco likely to go up

The government is likely to increase the advance adjustable Federal Excise Duty (FED) on un-manufactured tobacco from Rs10 per kg to Rs500 per kg in budget 2020-2021.

Published 30 May, 2020 12:06am

Corona cases on the rise in KP: CM

KP Chief Minister Mahmood Khan Friday said that like other parts of the country, fresh cases of COVID-19 are increasing day by day in Khyber Pakhtunkhwa as well and urged upon the public to strictly follow precautionary measures to make themselves and oth

Published 30 May, 2020 12:06am

National security, SDGs: Benefits of N-programme highlighted

Pakistan's nuclear programme has not only ensured its national security and regional peace but also helped pursue at least 12 Sustainable Development Goals (SDGs) and promote socio-economic development.

Published 30 May, 2020 12:06am

Commodities

No shortage of wheat in province: minister

Taking notice of the Flour Mills Association's statement on wheat and flour prices, Punjab Senior & Food Minister Abdul Aleem Khan has said that the move is unilateral by the association.

Published 30 May, 2020 12:06am

Business & Economy

KP business community demands ending of lockdown

The business community in Khyber Pakhtunkhwa here on Friday demanded ending of the lockdown and allowing of businesses to remain open 24/7 across the province. The demand was made during a video link meeting held here under the chairmanship of the SCCI pr

Published 30 May, 2020 12:06am

PM forms body to examine plight of women in prisons

Prime Minister Imran Khan on Friday constituted a committee to study and investigate the plight of women in prisons convicted or awaiting trial. The committee has been constituted in overall context of gender biasness prevalent in the society at large and

Published 30 May, 2020 12:06am

Senate body to review appointments of envoys

Chairman Senate Sadiq Sanjrani has tasked the Senate Standing Committee on Foreign Affairs to review the appointments of ambassadors and high commissioners, from the private sector, made by the Ministry of Foreign Affairs (MOFA) in Pakistan's diplomatic m

Published 30 May, 2020 12:06am

727 passengers at BKIA tested corona positive: Ajmal Wazir

Advisor to KP CM on Information Ajmal Khan Wazir has stated that 81824 passengers have arrived at Bacha Khan International Airport (BKIA) Peshawar on 478 flights that were regularly screened.

Published 30 May, 2020 12:06am

Government offices open with thin attendance

Government offices reopened in the federal capital on Thursday after four-day official Eid holidays but most of the federal employees did not reach their offices.

Published 30 May, 2020 12:06am

'Schools in Sindh not to reopen on June 1'

Schools in Sindh will not reopen on June 1, according to a notification from the provincial education department on Friday. The official notification said the decision to close schools until June was taken earlier during the session of the Sindh Education

Published 30 May, 2020 12:06am

IPS trending on twitter in Pakistan

Islamic Presidential System (IPS) is trending on twitter in Pakistan on Friday. The IPS trend gets over 38000 tweets in few hours. @Maaya said that "We stand for implementation of Presidential system. @Du~De said that it became necessary to get rid of thi

Published 30 May, 2020 12:06am

Business & Economy

Coronavirus pushes unemployment, poverty to new heights: PBIF chief

President Pakistan Businessmen and Intellectuals Forum Mian Zahid Hussain has express concern that coronavirus has pushed unemployment and poverty to new heights making life difficult for millions but the response of developed nations and international in

Published 30 May, 2020 12:06am

PSP leader criticises central, provincial govts over water crisis in city

Pak Sarzameen Party (PSP) central leader and former deputy mayor of Karachi Dr Arshad Abdullah Vohra on Friday slammed the federal and provincial governments, saying that the people of Karachi are longing for a drop of water.

Published 30 May, 2020 12:06am

Business & Economy

PSDP 2019-2020: Government releases Rs 583.3 billion

The federal government has released Rs 583.3 billion (83.21 percent) including Rs 121.24 billion foreign aid (94.5 percent) for various ongoing and new development projects under the Public-Sector Development Programme (PSDP) 2019-2020 against the total b

Published 30 May, 2020 12:06am

Traffic accidents claim 71 lives in Punjab during Eid holidays

The Punjab Emergency Service (Rescue 1122) provided emergency care to as many as 19,285 people across the province during Eid holidays while responding to 7,065 emergencies of road traffic crashes in which 71 precious lives were lost.

Published 30 May, 2020 12:06am

Business & Economy

Murunj Dam Project: Rs 156.226 million consultancy services MoU signed

In a major development for harnessing scarce water resources in Southern Punjab, the Pakistan Water and Power Development Authority (WAPDA) has awarded the consultancy contract worth Rs 156.226 million to a joint venture headed by NESPAK for the feasibili

Published 30 May, 2020 12:06am

Commodities

PFMA announces significant jump in flour prices

The Pakistan Flour Mills Association (PFMA) Punjab chapter has announced a significant jump in the prices of flour bags in line with the increase in prices of wheat in the open market.

Published 30 May, 2020 12:06am

Business & Economy

Powerloom industries facing crisis

Powerloom Industries, which was main livelihood of Faisalabad, has now been, reached to the edge of disaster due to severest ever liquidity crisis in the history of Pakistan, while a portion of small Power Looms of in size 56 inches had been sold out in K

Published 30 May, 2020 12:06am

Police put on high-alert due to 'expected' terrorist strike

Senior Superintendent of Police (Operations) Faisal Shahzad directed the filed officers on Friday to remain extra vigilant due to prevailing security challenges and an "expected" terrorist strike in the provincial capital.

Published 30 May, 2020 12:06am

Business & Economy

86 Faisalabad uplift schemes approved

The District Development Committee has approved the implementation of 86 development schemes of roads, local government, WASA, highways and Fesco at a cost of Rs 308 million.

Published 30 May, 2020 12:06am

17 districts affected in Punjab: Punjab CM reviews anti-locust steps

The Punjab government has provided Rs 1 billion and aerial spray is being carried out, in collaboration with the federal government, to save crops from locust swarms.

Published 30 May, 2020 12:06am

Covid-19: Punjab reports highest number of deaths in 24 hours

As many as 29 people died across Punjab due to the novel coronavirus, which is the highest-ever death toll in a single day in the province since the start of the pandemic.

Published 30 May, 2020 12:06am

Commodities

Supply to KP being finalised today: Punjab food department asked to stop wheat procurement immediately

Senior & Food Minister Punjab Abdul Aleem Khan has directed the Punjab food department to immediately stop wheat procurement after total stocks of wheat reached 4.3 million metric tons.

Published 30 May, 2020 12:06am

Energy

Lesco launches operation against power theft

The Divisional Task Force of Lahore Electric Supply Company (LESCO) carried out a search operation in Kasur circle against the consumers involved in power theft and detected 29 electricity connections with various malfunctions on Friday.

Published 30 May, 2020 12:06am

Pakistan celebrates 'International Day of UN Peacekeepers'

Pakistan on Friday joined the international community in celebrating "International Day of United Nations Peacekeepers".

Published 30 May, 2020 12:06am

Justice Isa files plea, raises questions

Justice Qazi Faez Isa on Friday filed an application in the Supreme Court raising various questions for Law Minister Farogh Naseem and Special Assistant to PM on Accountability Mirza Shahzad Akbar.

Published 30 May, 2020 12:06am

UK providing £4.39 million aid for fighting coronavirus

The United Kingdom (UK) announced further assistance of £4.39 million to Pakistan in the fight against the coronavirus and to mitigate its impacts by providing aid for the most vulnerable, and boosting wider public health communications, the British High

Published 30 May, 2020 12:06am

NUST hosts UN75 dialogue on 'Inequalities: Bridging the Divide'

The United Nations turns 75 this year and to spur global discussions on the issues facing humanity, UN Secretary General Antonio Guterres called out to stakeholders worldwide to participate in UN75 dialogues.

Published 30 May, 2020 12:06am

Rs 466 million sanctioned from PDMA's budget to purchase 168 ventilators

Sindh Coronavirus Emergency Fund Committee meeting held with Chief Secretary Syed Mumtaz Ali Shah in the chair on Friday sanctioned Rs466 million from the budget of Provincial Disaster Management Authority (PDMA) for purchasing 168 ventilators.

Published 30 May, 2020 12:06am

Daily-wage earners receive food packs

Ghulam Fareed, a daily-wage earner, had been stuck at home since the imposition of the lockdown on March 22. He was worried to death how to support his family. And then help arrived.

Published 30 May, 2020 12:06am

Met advises farmers to protect crop from rains

The Met Office on Friday asked the farmers to make plans for crops protection against the negative impacts of the 'unprecedented' continuing rains in the country.

Published 30 May, 2020 12:06am

31 coronavirus patients die in Sindh

As many as 31 more patients of the coronavirus died during the last 24 hours in Sindh, the highest figure since March 19 when the first coronavirus death occurred, while 804 new cases emerged.

Published 30 May, 2020 12:06am

Commodities

Searle to import potential Covid-19 treatment drug from Bangladesh

The Searle Company Limited (SEARL) has successfully entered into an exclusive licensing and marketing agreement with Beximco Pharmaceuticals, Bangladesh. This was informed by the Searle Company Limited in a notice sent to Pakistan Stock Exchange.

Published 30 May, 2020 12:06am

Money & Banking

Chairman of Al Baraka Banking Group Sheikh Saleh passes away

Sheikh Saleh Abdullah Kamel, Chairman and Founder of Al Baraka Banking Group ("ABG"), passed away on May 18, 2020.

Published 30 May, 2020 12:06am

Articles

PARTLY FACETIOUS: But the Buzz stays

"Yeh alam showk ka deekha na jai...translated it means this level of interest or zest is difficult to perceive..."

Published 30 May, 2020 12:06am

Money & Banking

Euro business loans up as firms seek cash to weather virus

Growth in lending to eurozone businesses continued to accelerate in April as companies sought funds to cope with the tough coronavirus lockdowns which hit activity, European Central Bank data showed Friday.

Published 30 May, 2020 12:06am

Global Business Economy

Japan's factory, retail sectors slump

Japan's factory output slid faster-than-expected and retail sales tumbled the most in more than two decades in April, as the coronavirus pandemic wrecked both foreign and domestic demand for the country's autos and other manufactured goods.

Published 30 May, 2020 12:06am

Global Business Economy

Volkswagen invests 2 billion euros in Chinese electric vehicle sector

Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it "the world's biggest market".

Published 30 May, 2020 12:06am

Money & Banking

Fed chair warns of widening inequality as US consumption dives

The coronavirus pandemic could widen inequalities in the United States, Federal Reserve Chair Jerome Powell warned Friday, as government data showed consumer spending plunging by a record amount.

Published 30 May, 2020 12:06am

Global Business Economy

Renault to cut 15,000 jobs in 'vital' cost-cutting plan

Carmaker Renault said Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.

Published 30 May, 2020 12:06am

Uzbekistan auctions off landmark Soviet-era hotel

Uzbekistan has sold a controlling stake in its most famous hotel to a firm based in Singapore as Tashkent tries to breathe new life into the Soviet-era Brutalist landmark.

Published 30 May, 2020 12:06am

Young Italian doctors protest for education reform

Young doctors and medical students demonstrated across Italy on Friday, some throwing their white coats on the ground as they called for educational reform and for scholarships allowing them to specialise.

Published 30 May, 2020 12:06am

ICC allows I Coast ex-president Gbagbo to leave Belgium

Ivory Coast's former president Laurent Gbagbo can leave Belgium under certain conditions, the International Criminal Court said Thursday, following his acquittal last year over post-election violence that killed 3,000 people.

Published 30 May, 2020 12:06am

Fired Samsung worker ends yearlong aerial tower protest

A fired Samsung worker ended an aerial protest that lasted almost a year atop a 82-foot high tower in Seoul, after reaching a settlement with the South Korean conglomerate.

Published 30 May, 2020 12:06am

US approves sale of 84 Patriot missiles to Kuwait

The United States said Thursday it has approved the sale of 84 of the most recent generation of Patriot missiles to Kuwait, plus equipment to modernize the country's antimissile program, for a total of $1.425 billion.

Published 30 May, 2020 12:06am

Israeli soldiers target of car-ramming bid, assailant shot

A Palestinian man tried to ram a car into Israeli soldiers on Friday in the occupied West Bank before being shot dead by troops, the army said in a statement.

Published 30 May, 2020 12:06am

Taiwan top court rules adultery no longer a crime

Taiwan's top court decriminalised adultery Friday, ruling the law against it breached constitutional protections of sexual autonomy and equality, in a move hailed by rights groups. "The Criminal Code should not be used to punish actions that hurt personal

Published 30 May, 2020 12:06am

Scientists raise concern over hydroxychloroquine study

Dozens of scientists have raised concerns over a large-scale study of hydroxychloroquine and chloroquine published in the Lancet that led to the World Health Organization suspending clinical trials of the anti-viral drugs as a potential treatment for COVI

Published 30 May, 2020 12:06am

Commodities

Dalian iron ore futures fall to three-day low

Benchmark iron ore futures on the Dalian Commodity Exchange snapped a three-day slump to gain as much as 2.4% on Thursday, boosted by firm demand at steel mills as construction restarts speed up amid the government's consumption stimulus.

Published 30 May, 2020 12:06am

Commodities

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,063.

Published 30 May, 2020 12:06am

Commodities

Euronext wheat prices higher after one week low

Euronext wheat prices edged higher on Thursday, steadying after an earlier one week low with support from higher US futures, as traders weighed weather updates for northern hemisphere crop belts.

Published 30 May, 2020 12:06am

Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 119,476 tonnes of cargo comprising 102,138 tonnes of import cargo and 17,338 tonnes of export cargo including 3,011 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.

Published 30 May, 2020 12:06am

Cotton & Textile

Cotton business likely to resume soon

Trading activity resumes on the cotton market after Eid holidays. Market sources told that 50 maund Phutti was sold at Rs 3500 per 40 kg while there were reports of trading of Khal in the market.

Published 30 May, 2020 12:06am

Cotton & Textile

New York cotton

The following were the fluctuations observed during the day:

Published 30 May, 2020 12:06am

Cotton & Textile

Cotton falls to a near three-week low

ICE cotton futures dropped to a near three-week low on Friday, ahead of a US response to new Chinese national security legislation for Hong Kong in a potential increase in tensions that could hamper Chinese buying of the natural fiber.

Published 30 May, 2020 12:06am

Commodities

Copper climbs on demand hope, US-China tensions weigh

Copper rose on Friday, on track for its second straight month of gains, as expectations of economic stimulus from top consumer China spurred buying, while mounting US-China tensions capped the upside.

Published 30 May, 2020 12:06am

Energy

Oil prices mixed on US-China tensions

Oil prices were mixed on Friday, but were closing out the month with strong gains, bolstered growing fuel demand even as investors worried about worsening Washington-Beijing relations.

Published 30 May, 2020 12:06am

Commodities

Palm oil posts biggest monthly gain since December

Malaysian palm oil futures closed higher on Friday, helping them record their biggest monthly gain since December, on signs of an improvement in demand as more countries eased lockdowns.

Published 30 May, 2020 12:06am

Commodities

Gold gains in New York

Gold rose 1% on Friday as caution set in with investors awaiting US President Donald Trump's response to a Chinese national security law for Hong Kong and its potential impact on an already fragile global economy.

Published 30 May, 2020 12:06am

Money & Banking

Most Asian units up on better-than-expected yuan fix

Most Asian currencies firmed on Friday, helped by a better-than- expected yuan fix by China's central bank, while Washington's response to Beijing's passage of a national security law for Hong Kong remained in focus.

Published 30 May, 2020 12:06am

Money & Banking

Rouble weakens

The Russian rouble eased on Friday, pricing in a decline in oil prices, but was on track to post a second consecutive monthly gain, driven by hopes for a global economic rebound. The rouble, which lost 12% so far this year against the greenback is under p

Published 30 May, 2020 12:06am

Money & Banking

Sterling sinks to two-month low

The pound fell to a two-month low against a broadly strong euro on Friday ahead of a new round of Brexit talks next week, but it recovered a little against a weaker dollar.

Published 30 May, 2020 12:06am

Money & Banking

Early trade in New York: Dollar weakens against euro

The dollar extended its slide against a surging euro on Friday, hurt by month-end flows and as the common currency continued to enjoy a boost from the European Union's recently announced plan to prop up the bloc's coronavirus-hit economies with a 750 bill

Published 30 May, 2020 12:06am

Money & Banking

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.65
USD PKR Interbank Buying / Dec 31	278.45
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
India Sensex / Dec 31	78,017.14
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,125.32

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Petrol/Litre / Dec 31	252.10
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Diesel/Litre / Dec 31	255.38

Gainers
Losers
Leaders

Stock	Price
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.75 ▲ 0.45 (13.64%)
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	8.33 ▲ 1.00 (13.64%)
Tariq Corp.Pref. / Dec 31 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.88 ▲ 0.88 (12.57%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.47 (11.75%)
Sec. Inv. Bank / Dec 31 Security Investment Bank Limited(SIBL)	9.99 ▲ 1.00 (11.12%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Sindh Abadgar / Dec 31 Sindh Abadgar's Sugar Mills Limited(SASML)	39.33 ▲ 3.58 (10.01%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)

Stock	Price
First Capital Equities / Dec 31 First Capital Equities Limited(FCEL)	5.12 ▼ -0.98 (-16.07%)
Pak Agro Pack. (GEM) / Dec 31 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.60 ▼ -0.90 (-10.59%)
Nimir Resins / Dec 31 Nimir Resins Limited(NRSL)	30.76 ▼ -3.42 (-10.01%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Fateh Sports / Dec 31 Fateh Sports Wear Limited(FSWL)	78.50 ▼ -8.72 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Noon Sugar / Dec 31 Noon Sugar Mills Limited(NONS)	81.31 ▼ -9.03 (-10.00%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	425.82 ▼ -47.31 (-10.00%)
Gammon Pak / Dec 31 Gammon Pakistan Limited(GAMON)	45.59 ▼ -5.06 (-9.99%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	212,308,919 ▲ 0.42
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.05
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.28
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	66,177,767 ▲ 1.00
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	55,597,038 ▲ 0.69
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	50,017,805 ▲ 3.54
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.02
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.24
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.91

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