News Archives for Print - 2020-04-24

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Print - 2020-04-24

Rates

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (April 24, 2020).

Published 24 Apr, 2020 10:27pm

Rates

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (April 24, 2020).

Published 24 Apr, 2020 10:17pm

Rates

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (April 24, 2020).

Published 24 Apr, 2020 10:12pm

PIA plans special flights for Algeria, Khartoum, Nairobi, Turkey

PIA is continuing its relief flight operations to various countries bringing back Pakistanis and transporting expatriates to their home countries; major flights planned ahead for return of Pakistanis.

Published 24 Apr, 2020 02:52am

'Rotten system of garbage disposal could worsen the situation'

Routine municipal system being used to dispose of garbage of the isolation/quarantine centres and hospitals would create a serious environmental hazard that would lead to further spread of the Covid-19 cases in the country.

Published 24 Apr, 2020 02:52am

Telecommunication

Pakistan ranked 4th G4 by ITU

Pakistan has been ranked as 4th Generation Regulator (G4) by the International Telecommunication Union (ITU) and has become the only country in South Asia to have achieved this goalpost. Out of 38 economies in Asia-Pacific, only eight percent states have

Published 24 Apr, 2020 02:52am

Ramazan moon not sighted

The Ruet-i-Hilal Committee on Thursday announced that the Ramazan moon had not been sighted. The holy month will begin on Saturday.

Published 24 Apr, 2020 02:52am

An expert's take on Covid-19 spread in Pakistan

"I don't want to single out taraweeh prayers, but any communal activity, such as people going to the large markets and congregations, is a total mistake in these times. Once you allow something like this, you cannot stop your more elderly and more religio

Published 24 Apr, 2020 02:52am

Covid-19 outbreak: $595 million coordinated multi-sectoral PPRP launched

Pakistan launched an initial US$595 million coordinated multi-sectoral Preparedness and Response Plan (PPRP) on Thursday to combat Covid-19, and urged the international community to support the initiative in a bid to suppress and mitigate spread of the co

Published 24 Apr, 2020 02:52am

July-March CA deficit narrows down 73 percent YoY

The country's current account deficit shrunk significantly, ie, 73 percent during the first nine months of this fiscal year, supported mainly by a steep decline in goods import bill.

Published 24 Apr, 2020 02:52am

Covid-19 pandemic: Japan to provide Rs 2.5 billion assistance

The Government of Japan on Thursday reiterated grant assistance worth Rs 2.5 billion for Pakistan to respond to Covid-19 pandemic, said a press release.

Published 24 Apr, 2020 02:52am

RLNG power plants: Sell-off delayed on Covid-19

The government has delayed the privatization of two RLNG power plants from the current fiscal year (2019-20) to the first quarter of next fiscal year (considered overly optimistic target) as ongoing COVID-19 has brought commercial activities to a standsti

Published 24 Apr, 2020 02:52am

Government finding it difficult to reach out to SMEs: PM

The Prime Minister, Imran Khan, has said the government would unveil incentives in the second phase for small and medium enterprises (SMEs) and incentives for the industries would increase incrementally in the days ahead.

Published 24 Apr, 2020 02:52am

Stocks

KSE-100 Index extends gains: BRIndex100 edges up

Pakistan Stock Exchange Thursday closed on strong positive note on the back of local investors' and institutions' support.

Published 24 Apr, 2020 02:52am

China to give WHO $30 million more after US freezes funds

China announced Thursday it will give another $30 million to the World Health Organization to help in the global fight against the coronavirus pandemic, days after Washington said it would freeze funding.

Published 24 Apr, 2020 02:52am

Stimulus to widen budget deficit to 10 percent of GDP: Moody's

The coronavirus-related economic effects and government's stimulus package is projected to widen budget deficit to 10 percent of the GDP in the fiscal year 2020 (ending June 2020), from 8.9 percent in the fiscal year 2019, says Moody's Investor Services.

Published 24 Apr, 2020 02:52am

Money & Banking

THE RUPEE: Remains unchanged

Exchange rate of Pakistan rupee largely remained unchanged against major currencies on Thursday.

Published 24 Apr, 2020 02:52am

PM, COAS visit ISI headquarters

Prime Minister Imran Khan on Thursday visited Inter-Services Intelligence (ISI) headquarters in Islamabad.

Published 24 Apr, 2020 02:52am

Sindh imposes ban on taraweeh prayers

Sindh government has placed ban on taraweeh prayers during the month of Ramazan started on April 25.

Published 24 Apr, 2020 02:52am

Coronavirus-free Tajikistan advises against fasting

The leader of majority-Muslim Tajikistan on Thursday urged the faithful to forego fasting during Ramazan to safeguard against "infectious diseases" even as he stressed the absence of coronavirus cases in the country.

Published 24 Apr, 2020 02:52am

Layoff, mandatory payment of wages to employees: Textile mills challenge notifications in SHC

Sindh High Court (SHC) on Thursday sought the reply from Sindh Government in petitions, filed by textile mills challenging the notifications restraining them to lay off the employees and mandatory payment of wages to them.

Published 24 Apr, 2020 02:52am

IHC declares appointment of CCP chief as illegal

The Islamabad High Court (IHC) Thursday declared the appointments of the chairperson and two members of the Competition Commission of Pakistan (CCP) as illegal.

Published 24 Apr, 2020 02:52am

All outstanding bills of media houses to be released: Firdous

The Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Thursday said that the government was releasing all the outstanding bills of media houses in order to enable them to pay wages and outstanding dues of the

Published 24 Apr, 2020 02:52am

Ehsaas Programme: Rs69bn distributed among 5.75 million families: Nishtar

Special Assistant to the Prime Minister on Poverty Alleviation and Social Protection, Dr Sania Nishtar Thursday said Rs69 billion had been distributed among 5.75 million deserving families under Ehsaas Emergency Cash Programme and effective steps were bei

Published 24 Apr, 2020 02:52am

IPPs to urge government to put technical body on ice

The Independent Power Producers (IPPs) are to request the government to put technical committee on ice until the Inquiry Commission approved by the Cabinet completes its assignment.

Published 24 Apr, 2020 02:52am

SBP allows payment of dividends already approved by banks' BoD

The State Bank of Pakistan (SBP) has allowed disbursement of dividend to those banks, which Board of Directors (BoD) has approved dividends for the March 2020 quarter before April 22, 2020.

Published 24 Apr, 2020 02:52am

Credit Suisse profits up

Credit Suisse, Switzerland's second-biggest bank, recorded strong first-quarter profits on Thursday.

Published 24 Apr, 2020 02:52am

Bank timings

It has been decided that State Bank of Pakistan will continue to observe the following office hours during the month of Ramadan-ul-Mubarak 1441 A.H., which will also be followed by all banks / DFIs / MFBs:

Published 24 Apr, 2020 02:52am

Export of textile masks approved

The government has approved export of textile masks across the world except surgical and N-95 masks. This was revealed by Prime Minister Advisor on Commerce and Investment Abdul Razak Dawood.

Published 24 Apr, 2020 02:52am

Letters

Mufti Muneeb deserves praise

It is heartening to note that noted religious scholar from Barelvi school of thought Mufti Muneebur Rahman has announced that he has been offering prayers at home and will continue to do so during the Ramazan as well. That the Mufti of a grand stature in

Published 24 Apr, 2020 02:52am

Articles

Pricing the benefits of cheap oil in a world of economic lockdowns

The oil price collapse that took US crude prices sub-zero for the first time in history may turn out to be a silver lining for the world economy, possibly offering a springboard for recovery when coronavirus lockdowns finally end.

Published 24 Apr, 2020 02:52am

Articles

Unprecedented global oil market turmoil and Pakistan

Global lockdowns have resulted in a drastic reduction in oil demand. A long and painful deliberative process to cut the global supply of oil by OPEC+ group of major oil exporting countries, each vying for greater oil revenues and lesser proportion of cutt

Published 24 Apr, 2020 02:52am

Articles

A simple tax bailout

As mentioned in the last column [Tax bailout for economic revival, Business Recorder, April 17, 2020], all businesses-badly hit by lockdown in the wake of Covid-19 epidemic and due to sluggish economic activities, high utility bills and markup rate-are de

Published 24 Apr, 2020 02:52am

Oil glut and price collapse

The collapse in WTI (West Texas International) crude oil futures to below zero early this week - down to negative $40 per barrel at the lowest point, a 300-plus percent drop in one day - doesn't exactly mean fuel will be available for free at the pump the

Updated 24 Apr, 2020 07:38am

Response to Covid-19

Eminent doctors in Karachi and Lahore, most of whom have a work history of dedication to serving the poor and the vulnerable, held press conferences in their respective cities warning the governments (federal and provincial) that until and unless strict l

Updated 24 Apr, 2020 07:38am

City to experience hot, humid weather

With a hot and humid weather, the city is expected to witness temperature up to 36 degrees Celsius in the next 24 hours, the Met Office said on Thursday.

Published 24 Apr, 2020 02:52am

Violation of SOPs in every capital market

Violation of standard operating procedures (SOPs) framed to control spread of deadly coronavirus continued uncheck at every market of the capital city in spite of increase in cases of Covid-19 in the metropolis.

Published 24 Apr, 2020 02:52am

Pakistan concerned at anti- Muslim policies of BJP government

Pakistan has expressed deep concern over the discriminatory and anti-Muslim policies and practices of the RSS-inspired BJP government in the wake of the Covid-19 pandemic.

Published 24 Apr, 2020 02:52am

SC urged to set aside LHC order

The Supreme Court has been asked to set aside the Lahore High Court (LHC) order to grant bail to the nephew of former prime minister Nawaz Sharif in Chaudhry Sugar Mills Limited (CSML) scam.

Published 24 Apr, 2020 02:52am

MTTP urges governments not to do politics on coronavirus

Markazi Tanzeem-e-Tajran Pakistan (MTTP) on Thursday urged the federal and provincials governments not to do politics on coronavirus and come up with a national action plan to combat COVID-19 to reduce its economic implications.

Published 24 Apr, 2020 02:52am

PPP calls for summoning session of Parliament immediately

Pakistan People's Party (PPP) has called for summoning the session of Parliament immediately, and to approve the relief package given by the Pakistan Tehreek-e-Insaf (PTI) government to the poor people.

Published 24 Apr, 2020 02:52am

India intensified atrocities in IOK amid Covid-19: AJK president

The President of Azad Jammu and Kashmir (AJK) Sardar Masood Khan has said that India intensified atrocities in Indian occupied Jammu and Kashmir (IoK) amid coronavirus challenge.

Updated 24 Apr, 2020 06:25am

Secretary asks LG dept to continue fumigation, cleanliness drive

Secretary Local Government Sindh Roshan Ali Shaikh has instructed the authorities concerned to continue the pace of fumigation and cleanliness drive in the province during the holy month of Ramazan.

Published 24 Apr, 2020 02:52am

Covid-19 outbreak: SAARC states agree to enhance cooperation

Pakistan organised SAARC Health Ministers' Video Conference on Covid-19 on Thursday in which the member states agreed to enhance cooperation in the health sector, particularly in the context of efforts to combat Covid-19 at the regional level.

Published 24 Apr, 2020 02:52am

Covid-19 relief work: PMPKL launches project

Philip Morris (Pakistan) Limited (PMPKL) Thursday launched a comprehensive project comprising of monetary and in-kind donations across Pakistan in collaboration with Kashf Foundation and Paiman Alumni Trust (PAT).

Published 24 Apr, 2020 02:52am

Business & Economy

Avoidance of double taxation: Pakistan, Bulgaria enforce convention

Pakistan and Bulgaria have enforced the convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income to be applicable from July 1, 2020.

Published 24 Apr, 2020 02:52am

Buzdar, Imran discuss Covid-19 situation

Punjab Chief Minister Sardar Usman Buzdar on Thursday called on Prime Minister Imran Khan and discussed the coronavirus situation in the province. They also discussed the measures being taken to contain the pandemic, operations of the reopened industries

Published 24 Apr, 2020 02:52am

CSs directed to make appropriate arrangements for repatriation

The Ministry of Interior on Thursday asked chief secretaries of all the provinces, the Azad Jammu and Kashimr (AJK) and Gilgit-Baltistan (GB) to make appropriate arrangements for repatriation of stranded tableeghis and zaireen to their home towns before f

Published 24 Apr, 2020 02:52am

Organic Meat Co allowed to publish details of IPO share

The Securities and Exchange Commission of Pakistan (SECP) has approved the application of M/s Organic Meat Company Limited to issue, circulate and publish the prospectus for initial public offering (IPO) of company's shares in the stock exchange.

Published 24 Apr, 2020 02:52am

Energy

MoP urged to stop KE from collecting ISPA charges

President SITE Association of Industry, Suleman Chawla has demanded Ministry of Power to restrain K-Electric from collecting ISPA charges from the industrial consumers and immediately issue revised bills minus ISPA charges with one-week time extension, la

Published 24 Apr, 2020 02:52am

Stocks

Capital markets, corporate sector and others: SECP proposes measures for development

The Securities and Exchange Commission of Pakistan (SECP) Thursday proposed to the Federal Board of Revenue (FBR) measures for development of the capital market, changes in capital gains tax (CGT) regime for the stock market, steps for encouraging listing

Published 24 Apr, 2020 02:52am

Energy

MOL operation continuing despite pandemic

With zero reported cases of Covid-19 in its exploration and production fields of KP through strictly maintaining health, safety and environment undertakings of the company, MOL Pakistan is wholly committed to keeping its operation running to meet the ener

Published 24 Apr, 2020 02:52am

VCs express commitment to making online classes, e-learning a success

Vice chancellors have expressed their full commitment to making online classes and e-learning a success amid the closure of universities in the wake of situation created due to the COVID-19 crisis.

Published 24 Apr, 2020 02:52am

Energy

Below 300 units, KE customers can avail 3 monthly installments

In continuation of earlier relief measures announced on account of the COVID-19 crisis, K-Electric (KE) has announced that all single-phase residential customers, utilizing up to 300 units, can now pay their electricity bills for March, April and May resp

Published 24 Apr, 2020 02:52am

Business & Economy

APMDA urges federal govt to withdraw SRO 52(1)/2019

All Pakistan Motor Dealers Association (APMDA) has urged the federal government to withdraw SRO 52(1)/2019, which causes almost Rs100 billion revenue shortfall.

Published 24 Apr, 2020 02:52am

Energy

KE to give maximum relief to consumers during Ramazan: CEO

CEO K-Electric Moonis Abdullah Alvi on Thursday vowed to ensure maximum relief to consumers during the holy month of Ramazan.

Published 24 Apr, 2020 02:52am

SSGC contributes Rs30m to PM's Covid-19 Relief Fund

Sui Southern Gas Company (SSGC) has enthusiastically participated in the Prime Minister's COVID-19 Pandemic Relief Fund. Through the Ehsaas Telethon that went on air Thursday in all the leading television channels of Pakistan, SSGC contributed Rs 30 milli

Published 24 Apr, 2020 02:52am

SRMS transfers 37 Covid-19 victims to Expo Centre

On 21st April, the Sindh Rescue and Medical Services (SRMS) in Karachi conducted controlled transfers of 37 confirmed Covid-19 victims from Gadap, Labour Square Isolation center to the largest quarantine facility established at the Expo Centre in Gulshan.

Published 24 Apr, 2020 02:52am

Railways distributes ration bags amongst coolies

Pakistan Railways Karachi Division has distributed ration bags, donated by Pakistan Army, amongst its coolies and daily wage workers on Thursday.

Published 24 Apr, 2020 02:52am

SSUET officials grieved

Chancellor of Sir Syed University of Engineering & Technology (SSUET) Jawaid Anwar, Vice Chancellor Prof Dr Vali Uddin and Registrar Syed Sarfraz Ali have expressed deep grief over the sad demise of former Vice Chancellor of SSUET Prof Dr Sayid Nazir Ahme

Published 24 Apr, 2020 02:52am

Business & Economy

Pakistan should take advantage of lower oil prices, says BMP official

Secretary General (Federal) of the Businessmen Panel (BMP), Ahmad Jawad, said oil price crash in the international market is an opportunity for the country to buy and store oil in order to reduce inflation.

Published 24 Apr, 2020 02:52am

Minister demands formation of JC to probe rapid Covid-19 spread

Sindh Minister for Information, Local Government, Housing & Town Planning, Religious Affairs, Forest and Wildlife Syed Nasir Hussain Shah has said that although Sindh Chief Minister Syed Murad Ali Shah was conducting an inquiry into the deaths in Karachi,

Published 24 Apr, 2020 02:52am

202 new coronavirus cases emerge in Karachi: Lab with a capacity of conducting 2,400 tests a day established: Murad

The Sindh government has established the largest bio-safety level III (BSL-III) laboratory at the International Centre for Chemical and Biological Sciences at the University of Karachi which has a capacity of conducting 2,400 tests per day. This was discl

Published 24 Apr, 2020 02:52am

Heatstroke care units to be set up in Tharparkar

Keeping in view the guidelines for heat wave/critical temperature conveyed from the Provincial Disaster Management Authority (PDMA) Sindh in order to curb the Heat Stroke effects and minimize energy crises in the district, the Deputy Commissioner Tharpark

Published 24 Apr, 2020 02:52am

Articles

Partly Facetious : Politics never ever leaves you

"My most poignant memory of the devastating 2006 earthquake..."

Published 24 Apr, 2020 02:52am

Money & Banking

Soneri Bank earns Rs 407 million profit after tax in Q1

The Board of Directors of Soneri Bank Limited, in their 176th meeting held in Lahore on 23rd April 2020, approved the Bank's condensed interim financial statements for the quarter ended 31 March 2020.

Published 24 Apr, 2020 02:52am

Money & Banking

Bank AL Habib declares Rs 2.86 billion PAT for three months

The Board of Directors of Bank AL Habib Limited (the Bank) announced the financial results for the three months period ended March 31, 2020.

Published 24 Apr, 2020 02:52am

Business & Economy

Getz Pharma becomes first body to test all its employees for Covid-19

Getz Pharma is proud to announce that it is the first and only organisation in Pakistan to have taken the initiative of testing each and every employee for Covid-19, and to close its factory and head office in Karachi, completely, till every employee has

Published 24 Apr, 2020 02:52am

Business & Economy

Engro Corporation announces financial results for first quarter

Pakistan's premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the quarter ended March 31st, 2020.

Published 24 Apr, 2020 02:52am

Stamp duty of Rs 100 on sale, transfer of vehicles to be abolished

The Punjab government has decided to abolish the stamp duty of Rs 100 on sale or transfer of registered vehicles and to delete it from respective provision of the Stamp Act, 1899.

Published 24 Apr, 2020 02:52am

Cotton & Textile

PRGMEA assures government of achieving at least $500 millions exports orders by June

While appreciating the governments' decision of allowing 800 exporting units of Sialkot export-oriented industry Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) on Thursday assured the government that industry would try to ach

Published 24 Apr, 2020 02:52am

Saudi envoy hands over ration bags to Punjab Governor

Saudi Ambassador Nawaf Bin Saeed Al Maliki handed over 20,000 ration bags to Punjab Governor Chaudhary Mohammad Sarwar here on Thursday which will be distributed in Lahore and other cities of Punjab.

Published 24 Apr, 2020 02:52am

Business & Economy

'Role of IPPs to be finally capped below 10pc of power mix'

The Independent Power Producers' (IPPs) role is to be finally capped below 10 percent of the power mix and they have to compete for tariffs with the public sector, a model already being used in the developed world.

Published 24 Apr, 2020 02:52am

Taxes

Cargo containers: FBR issues procedure for sealing and desealing

The Federal Board of Revenue (FBR) Thursday issued procedure for sealing and desealing of cargo containers meant for transshipment, transit, safe transportation and export including transit of International Security Assistance Force (ISAF) cargo.

Published 24 Apr, 2020 02:52am

Brief Recordings

Interview with Dr. Zulfiqar A. Bhutta 'To fight Covid-19, focus more on epidemiology than just logistics'

Dr. Zulfiqar A. Bhutta is the Robert Harding Inaugural Chair in Global Child Health & Policy at the Centre for Global Child Health, Toronto, Professor of Epidemiology at the Dalla Lana School of Public Health, University of Toronto, and the Distinguished

Updated 24 Apr, 2020 05:15am

Global Business Economy

Germany announces new 10 billion euro virus package

The German government unveiled a 10 billion euro ($10.8 billion) economic package on Thursday to pay for additional unemployment benefits and new tax cuts to help businesses affected by the coronavirus.

Published 24 Apr, 2020 02:52am

Global Business Economy

US new home sales tumble

Sales of new US single-family homes dropped by the most in more than 6-1/2 years in March and further declines are likely as the novel coronavirus outbreak batters the economy and throws millions of Americans out of work.

Published 24 Apr, 2020 02:52am

Global Business Economy

Millions of Americans join unemployed ranks

A stunning 26.5 million Americans have sought unemployment benefits over the last five weeks, confirming that all the jobs gained during the longest employment boom in US history have been wiped out as the novel coronavirus savages the economy.

Published 24 Apr, 2020 02:52am

Global Business Economy

Pandemic throws global economy into deeper decline

Global economic activity all but ground to a halt this month as government-imposed lockdowns due to the coronavirus pandemic took a particularly heavy toll on the world's service industry, surveys showed on Thursday.

Published 24 Apr, 2020 02:52am

Spanish government apologises to children

One of Spain's deputy prime ministers apologised Thursday to the country's children for confining them to their homes since mid-March as part of a nationwide lockdown to fight the coronavirus pandemic.

Published 24 Apr, 2020 02:52am

First Syrian state torture trial opens in Germany

Two alleged former Syrian intelligence officers went on trial in Germany on Thursday accused of crimes against humanity in the first court case worldwide over state-sponsored torture by Bashar al-Assad's regime.

Published 24 Apr, 2020 02:52am

UN warns Israel over West Bank annexation

The UN's special Middle East envoy, Nickolay Mladenov, on Thursday warned Israel not to annex parts of the West Bank, saying such a move would be a "devastating blow" to the internationally-backed two-state solution.

Updated 24 Apr, 2020 06:29am

US spy chief to pressure countries with anti-LGBT policies

The US acting director of national intelligence is weighing ways to pressure countries with anti-LGBT policies, including reducing intelligence sharing, the New York Times reported Thursday.

Published 24 Apr, 2020 02:52am

Huge fire ravages Poland's largest nature reserve

Massive wildfires have ravaged Poland's largest nature reserve, the Biebrza National Park, as the country faces its worst drought in years.

Published 24 Apr, 2020 02:52am

Money & Banking

Largade warns EU leaders over virus rescue plan

The European Central Bank chief issued a dire warning to EU leaders as they met by video Thursday bitterly divided over a giant package to help their economies recover from the coronavirus pandemic.

Published 24 Apr, 2020 02:52am

Commodities

China iron ore higher on hopes of improving demand

Iron ore futures in China recovered all losses from the previous session to close higher on Wednesday, fuelled by hopes that demand from steelmakers will increase in the coming months.

Published 24 Apr, 2020 02:52am

Commodities

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,426. The traded value of metals, energy and COTS/FX was recorded at PKR 5.289 billion and the number of lots traded was 18,123.

Published 24 Apr, 2020 02:52am

Commodities

Euronext wheat mixed as spot futures cool

Euronext wheat was mixed on Wednesday as spot futures eased after this week's export-fuelled surge and new-crop prices edged higher due to continuing dry weather in much of Europe. Front-month May milling wheat on the Paris-based Euronext exchange settled

Published 24 Apr, 2020 02:52am

Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 63,298 tonnes of cargo comprising 33,356 tonnes of import cargo and 29,942 tonnes of export cargo including 4,221 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Published 24 Apr, 2020 02:52am

Cotton & Textile

New crop of cotton likely to arrive from June

Amid hopes of softening the lockdown during the holy month of Ramazan traders were hopeful that trading activity will improve in the cotton market. According to market sources traders were putting pressure on the government that they should allow them to

Published 24 Apr, 2020 02:52am

Commodities

CBOT corn futures rise on short-covering

Chicago Board of Trade corn futures rebounded from a 10-1/2-year low on Wednesday, rising 2.4% on a round of short-covering traders said. Technical resistance for the benchmark CBOT July corn contract was noted at its 10-day moving average. Support from o

Published 24 Apr, 2020 02:52am

Energy

US natural gas futures jump to nine-week high

US natural gas futures jumped over 6% to a nine-week high on Wednesday on expectations gas production will decline in coming weeks as drillers shut oil wells in shale basins due to the recent collapse of US crude prices. Those oil wells produce a lot of g

Published 24 Apr, 2020 02:52am

Stocks

Most of Gulf indexes up

Most stock markets in the Middle East ended higher on Thursday, buoyed by a recovery in oil prices from historic lows and a slew of better-than expected first-quarter earnings. Brent crude was up $1.55, or 7.61%, at $21.92 a barrel by 1200 GMT, a day afte

Published 24 Apr, 2020 02:52am

Stocks

Oil, banks drive gains in European stocks

A rally in energy and bank shares lifted European stock markets on Thursday, while investors counted on more stimulus to revive the bloc's economy as the coronavirus-induced lockdowns brought activity to a halt in April.

Published 24 Apr, 2020 02:52am

Stocks

China stocks down

Chinese stocks ended weaker on Thursday, as mounting economic uncertainty sparked by the coronavirus pandemic kept share prices under pressure, stopping investors from chasing the rebound from the previous session.

Published 24 Apr, 2020 02:52am

Stocks

Thursday's early trade: Stocks jump on hopes worst for labour market is over

Wall Street jumped 1% on Thursday as a third straight decline in weekly jobless claims raised hopes the worst of the coronavirus pandemic's impact on the labour market was over, while energy stocks zoomed 5% on a rebound in oil prices.

Published 24 Apr, 2020 02:52am

Stocks

Wall Street surges

Wall Street surged on Wednesday as oil prices recovered and Congress looked on course to approve nearly $500 billion more in aid to help small businesses ride out the coronavirus crisis.

Published 24 Apr, 2020 02:52am

Stocks

SE Asian stocks largely up

Most Southeast Asian stock markets finished higher on Thursday, with Thailand leading the gains, as risk sentiment improved backed by a recovery in oil prices and expectations of a fresh relief package in the United States.

Published 24 Apr, 2020 02:52am

Stocks

FTSE recovers as oil majors, homebuilders surge

Britain's FTSE 100 rebounded from early losses on Thursday, as surging oil prices and signs that major UK homebuilders were planning to resume work boosted sentiment, with investors shrugging off some shockingly weak economic data.

Published 24 Apr, 2020 02:52am

Money & Banking

Most Asian currencies tepid

Most Asian currencies were tepid on Thursday amid concerns over feeble oil demand and expectations of dire manufacturing and services survey data out of the United States and euro zone, while the Indonesian rupiah slid as much as 1%.

Published 24 Apr, 2020 02:52am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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