News Archives for Print - 2020-07-02

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Print - 2020-07-02

Social media rules: Facebook, PTA meeting

KARACHI: A delegation from Facebook held a virtual meeting with the Pakistan Telecommunication Authority (PTA) to...

Updated 02 Jul, 2020 03:34am

UN agency cuts airlines some slack on CO2 emissions

PARIS: The UN agency overseeing international aviation cut the Covid-hit industry some slack this week by modifying ...

Updated 02 Jul, 2020 03:18am

S Arabia triples VAT in unpopular virus-led austerity push

RIYADH: Saudis braced Wednesday for a tripling in value added tax, another unpopular austerity measure after the ...

Updated 02 Jul, 2020 03:18am

Iran, Russia, Turkey agree to work together to ease Syria tensions

TEHRAN: Iran, Russia and Turkey, which support opposing sides in Syria's war, agreed Wednesday to coordinate their...

Updated 02 Jul, 2020 03:18am

Trump approves cutting 9,500 troops in Germany: Pentagon

WASHINGTON: President Donald Trump has approved a plan to slash the US military presence in Germany by 9,500 troops,...

Updated 02 Jul, 2020 03:18am

China

China orders four US media outlets to disclose finances, staff

BEIJING: China on Wednesday ordered four US news outlets to disclose details of their staff and financial operations...

Published 02 Jul, 2020 02:49am

Exchange

France pulls out of NATO Med operation over Turkey tensions

PARIS: France said Wednesday it was suspending its participation in a NATO Mediterranean maritime security operation...

Updated 02 Jul, 2020 03:18am

HK makes first security law arrests as thousands defy protest ban

HONG KONG: Hong Kong police arrested about 370 people Wednesday - including 10 under China's new national security...

Updated 02 Jul, 2020 03:32am

BioNTech, Pfizer report progress in coronavirus vaccine trial

WASHINGTON: BioNTech of Germany and the US pharmaceutical giant Pfizer reported positive preliminary results on...

Updated 02 Jul, 2020 03:32am

British, German remdesivir stocks 'sufficient'

WASHINGTON: Britain and Germany said Wednesday they had sufficient stocks of remdesivir, the first drug to be shown...

Updated 02 Jul, 2020 03:32am

Over 160,000 coronavirus cases reported every day in past week, a record: WHO

GENEVA: The global coronavirus pandemic is accelerating, the World Health Organization said Wednesday, with the...

Updated 02 Jul, 2020 03:32am

VPN registration deadline extended till 31st

ISLAMABAD: In order to facilitate businesses and general public for registration of Virtual Private Networks (VPNs),...

Published 02 Jul, 2020 02:49am

Punjab allocates Rs 1.25 billion for 3 projects in Balochistan: CM

LAHORE: Punjab Chief Minister Sardar Usman Buzdar has said that the Punjab government has allocated Rs 1.25 billion...

Updated 02 Jul, 2020 03:32am

Arrangements being finalised to hold Digital Global Apparel Sourcing Expo

SIALKOT: The Regional President of International Apparel Federation (IAF) and Chief Coordinator Pakistan Readymade...

Published 02 Jul, 2020 02:49am

Freight service termed economic lifeline of Railways

KARACHI: The Divisional Superintendent Karachi Railways Arshad Salam Khattak paid a visit to Marshalling Yard Pipri-...

Updated 02 Jul, 2020 03:32am

The Weather

KARACHI: The weather report on Wednesday (July 1, 2020) and the forecast for Thursday (July 2, 2020)....

Published 02 Jul, 2020 02:49am

Exchange

Bullish trend prevails on PSX: BRIndex100 ends on positive note

KARACHI: Pakistan Stock Exchange witnessed bullish trend on the first day of the new fiscal year on the back of...

Published 02 Jul, 2020 02:48am

Exchange

India behind PSX attack

LETTER: This is apropos a Business Recorder news item "PM blames India for PSX attack" carried by the newspaper...

Updated 02 Jul, 2020 04:07am

Outside Europe, nations floundering in virus' first wave

ARTICLE: As Europe begins its cautious reopening after weathering the pandemic's first wave in lockdown, many...

Updated 02 Jul, 2020 04:11am

It's time for telecom cos to outsource their infrastructure

ARTICLE: The Covid-19 crisis has fundamentally established the fact that industries, organizations, and people must...

Updated 02 Jul, 2020 04:11am

CCP slumbered whilst consumers short-changed?

ARTICLE: The Competition Commission of Pakistan (CCP) was established, in October 2007, with the objective to...

Updated 02 Jul, 2020 04:13am

Exchange

FY-2019-20: CCP approves 59 mergers, 43 exemptions

ISLAMABAD: The Competition Commission of Pakistan (CCP), in the fiscal year 2019-20, has processed and granted...

Published 02 Jul, 2020 02:48am

Fake bank accounts: Mandviwalla did not appear before NAB

ISLAMABAD: Senate Deputy Chairperson Saleem Mandviwalla on Wednesday did not appear before the National...

Updated 02 Jul, 2020 03:39am

Cotton

Locust's menace puts agri-sector's growth target in jeopardy

ISLAMABAD: The agriculture sector growth target of 3.5 percent for 2019-20 was missed by around one percent and the...

Published 02 Jul, 2020 02:48am

PPP demands resignation of Ghulam Sarwar

ISLAMABAD: The Pakistan People's Party (PPP) has demanded the resignation of Aviation Minister Ghulam Sarwar for...

Updated 02 Jul, 2020 03:39am

Exchange

Pakistan, India exchange lists of prisoners, fishermen

ISLAMABAD: Pakistan and India on Wednesday exchanged the lists of civilian prisoners and fishermen in their...

Updated 02 Jul, 2020 03:44am

PTA temporarily suspends PUBG game

ISLAMABAD: Pakistan Telecommunication Authority (PTA) has decided to temporarily suspend the Player Unknown's...

Updated 02 Jul, 2020 03:38am

Pakistan exporting Covid-19 equipment worth $100m: Fawad

ISLAMABAD: Pakistan is exporting Covid-19 equipment worth $100 million, and after local production of ventilators,...

Updated 02 Jul, 2020 03:38am

'Partisan conduct' of Speaker to be raised in upcoming APC: Bilawal

LAHORE: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto on Wednesday said that he would raise the issue of...

Updated 02 Jul, 2020 03:37am

Exchange

Qureshi urges EASA to review its ban on PIA flights

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi urged European Union Aviation Safety Agency (EASA) to review its...

Updated 02 Jul, 2020 03:37am

Haroon Rashid elected president of OICCI

KARACHI: Haroon Rashid, CEO of Shell Pakistan Limited, has been elected president of the Overseas Investors Chamber...

Published 02 Jul, 2020 02:48am

Exchange

Corps Cmdr Karachi visits CPO, pays tribute to cops: ISPR

KARACHI: Corps Commander Karachi Lieutenant General Humayun Aziz on Wednesday visited the Central Police Office ...

Published 02 Jul, 2020 02:48am

Sindh extends Covid-19 lockdown for 15 days

KARACHI: The Sindh Government on Wednesday extended the ongoing Covid-19 lockdown in the province including Karachi...

Updated 02 Jul, 2020 03:37am

Covid-19 waste: Comprehensive guidelines for hospitals in Sindh issued

KARACHI: Sindh Environmental Protection Agency has issued the guidelines for handling and disposal of the waste...

Updated 02 Jul, 2020 03:45am

Land Department records being computerised: Mayor

KARACHI: Mayor Karachi Wasim Akhtar on Wednesday said that record of Land Department is being computerised so that...

Updated 02 Jul, 2020 03:37am

APCAA urges DGTO to allow elections process through electronic balloting

KARACHI: All Pakistan Customs Agents Association (APCAA) has strongly urged the Directorate General Trade...

Published 02 Jul, 2020 02:48am

Ceasefire violations: Pakistan summons Indian diplomat

ISLAMABAD: Pakistan summoned Indian charge d'affaires Gaurav Ahluwalia to the Foriegn Office Wednesday and lodged...

Published 02 Jul, 2020 02:48am

Reference against Justice Isa: Barrister Zafar demands release of detailed judgment

LAHORE: Barrister Ali Zafar expressing his concern over the speculations and gossip in the social media after the...

Updated 02 Jul, 2020 03:45am

Stocks

Credit Rating Cos Regulation: SECP empowered to relax requirements

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has been empowered to relax any of the...

Updated 02 Jul, 2020 03:28am

Exchange

PBIF condemns PSX attack

KARACHI: President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain on Wednesday condemned the...

Updated 02 Jul, 2020 03:35am

Partly Facetious: Trump's legacy of dealing or not dealing

ARTICLE: "Donald Trump's legacy won't be that easy to dismiss by Democrats." "What legacy? His legacy of dealing ...

Published 02 Jul, 2020 02:48am

Rates.Ports

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 169,128 tonnes of cargo comprising 77,895 tonnes of import cargo and 91,233 tonnes...

Published 02 Jul, 2020 02:48am

Stocks

European stocks up

FRANKFURT: Hopes of a Covid-19 vaccine pulled European stocks from losses earlier on Wednesday, after fears of a...

Updated 02 Jul, 2020 03:28am

Stocks

China shares rally to four-month high

SHANGHAI: China's benchmark index closed at its highest level in nearly four months on Wednesday, as the central...

Updated 02 Jul, 2020 03:28am

Stocks

Wednesday's early trade: S&P, Nasdaq higher on vaccine hopes, improving data

NEW YORK: The S&P 500 and Nasdaq rose on Wednesday as rising hopes of a Covid-19 vaccine offset fears of another...

Published 02 Jul, 2020 02:48am

Stocks

S&P ends best quarter since 1998 on a high note

NEW YORK: The S&P 500 rallied on Tuesday to finish higher and secure its biggest quarterly percentage gain in...

Published 02 Jul, 2020 02:48am

Stocks

Nikkei drops

TOKYO: Japanese shares ended lower on Wednesday as the Bank of Japan's quarterly corporate survey showed business...

Published 02 Jul, 2020 02:48am

Stocks

British mid-cap index surges

LONDON: London's mid-cap index ended higher on Wednesday on hopes of a potential Covid-19 vaccine, while optimism...

Published 02 Jul, 2020 02:48am

2019-20: Goods worth Rs 8, 351 million seized by Customs North Region

ISLAMABAD: In line with the vision of Prime Minister Imran Khan to curb the menace of smuggling, the Federal Board ...

Updated 02 Jul, 2020 03:35am

Single party can't resolve issues facing country: Sattar

LAHORE: Former convener of MQM Farooq Sattar has said that a single political party cannot resolve the issues facing...

Updated 02 Jul, 2020 03:35am

Covid-19 claims 29 more lives, infects another 2139: CM

KARACHI: As many as 2139 new cases of coronavirus have been detected after testing 8201 samples and 29 more patients...

Updated 02 Jul, 2020 03:34am

Religious teachings in education system: WGIE concerned over Punjab govt's move

LAHORE: The Working Group on Inclusive Education (WGIE), a voluntary body of educationists, has expressed grave...

Published 02 Jul, 2020 02:48am

SHCBA opposes bill in NA

KARACHI: Sindh High Court Bar Association (SHCBA), Karachi, has condemned and opposed the private bill introduced in...

Updated 02 Jul, 2020 03:34am

Exchange

SHCBA salutes security forces for foiling attack on PSX

KARACHI: The Sindh High Court Bar Association ((SHCBA) on Wednesday condemned the coward and brutal terrorist attack...

Updated 02 Jul, 2020 03:34am

Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 1, 2020)....

Published 02 Jul, 2020 02:48am

Exchange

LME official prices

LONDON: The following were Tuesday official prices....

Published 02 Jul, 2020 02:48am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (July 1, 2020). ======================================= Offset...

Published 02 Jul, 2020 02:48am

Kerb

Pakistan Economic Indicators

KARACHI: Pakistan Economic Indicators - Wednesday (July 1, 2020)....

Published 02 Jul, 2020 02:48am

Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 1, 2020)....

Published 02 Jul, 2020 02:48am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (July 1, 2020)....

Published 02 Jul, 2020 02:48am

Rates

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 02 Jul, 2020 02:48am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (July 1, 2020)....

Published 02 Jul, 2020 02:48am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on...

Published 02 Jul, 2020 02:48am

Rates.BR Index

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (July 1, 2020). ==================================== BR...

Published 02 Jul, 2020 02:48am

Stocks

Electronic/credit of dividend warrants/bonus/right share certificates

KARACHI: Electronic/credit of dividend warrants/bonus/right share certificates....

Published 02 Jul, 2020 02:48am

Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 02 Jul, 2020 02:48am

Exchange

Dividend/Bonus Announcements

KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange....

Published 02 Jul, 2020 02:48am

Stocks

Last date of renunciation/payment

KARACHI: Last dates of renunciation/payment....

Published 02 Jul, 2020 02:48am

Exchange

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 02 Jul, 2020 02:48am

Exchange

Clearing Schedule for T+2 System

KARACHI: Pakistan Stock Exchange's Clearing Schedule for T+2 System....

Published 02 Jul, 2020 02:48am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 02 Jul, 2020 02:48am

Rates.EFU

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Wednesday (July 1, 2020). ======================== Offer Price...

Published 02 Jul, 2020 02:48am

Rates.EFU

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Wednesday (July 1, 2020). ======================== Offer Price...

Published 02 Jul, 2020 02:48am

Rates.EFU

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Wednesday (July 1, 2020). ======================== Offer Price...

Published 02 Jul, 2020 02:48am

Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Wednesday (July 1, 2020). ======================== Offer Price 1,247.7439...

Published 02 Jul, 2020 02:48am

Rates.EFU

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Wednesday (July 1, 2020). ======================== Offer Price...

Published 02 Jul, 2020 02:48am

Rates.EFU

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Wednesday (July 1, 2020). ======================== Offer Price...

Published 02 Jul, 2020 02:48am

Rates.EFU

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Wednesday (July 1, 2020). ======================== Offer Price...

Published 02 Jul, 2020 02:48am

Rates.EFU

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Wednesday (July 1, 2020). ======================== Offer Price...

Published 02 Jul, 2020 02:48am

Rates.EFU

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Wednesday (July 1, 2020). ======================== Offer Price...

Published 02 Jul, 2020 02:48am

Libor

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (July 1, 2020)....

Published 02 Jul, 2020 02:48am

Finance Bill, 2020: No new sales tax on mobile phone SIM imposed: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday clarified that the FBR had not imposed any new sales tax...

Published 02 Jul, 2020 02:48am

Exchange

Defer repayment plea of principal loans amounts: Three-month extension to NBMFCs allowed

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has allowed three months extension to the...

Published 02 Jul, 2020 02:48am

Manual issuance of IT refunds allowed

ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn its policy instructions through which the Commissioners...

Published 02 Jul, 2020 02:48am

Cotton

June inflation rate edges up slightly to 8.59pc YoY

ISLAMABAD: The Consu-mer Price Index (CPI)-based inflation nationwide has registered an increase of 8.6 percent on...

Published 02 Jul, 2020 02:48am

UAE seeks to verify credentials of Pakistani pilots in its airlines

ISLAMABAD: The United Arab Emirates is seeking to verify the credentials of the Pakistani pilots and engineers...

Published 02 Jul, 2020 02:48am

CCoP to discuss sell-off of Roosevelt Hotel today

ISLAMABAD: The federal government has deferred discussions on the privatisation of Roosevelt Hotel, Manhattan, New...

Published 02 Jul, 2020 02:48am

Sell-off of Roosevelt Hotel: Aviation Division raises questions over role of PC, others

ISLAMABAD: The Aviation Division has reportedly raised serious concerns on the role of Privatisation Commission ...

Published 02 Jul, 2020 02:48am

Petition seeking aviation minister's removal turned down by IHC

ISLAMABAD: The Islamabad High Court (IHC) on Wednesday turned down a petition seeking removal of Ghulam Sarwar Khan,...

Updated 02 Jul, 2020 03:12am

Cabinet told only 'cleared' pilots flying planes

ISLAMABAD: The federal cabinet on Wednesday was informed that all pilots with dubious licenses have been fired and...

Updated 02 Jul, 2020 03:12am

Protests in IOK over civilian death during attack

OCCUPIED SRINAGAR: Hundreds of people in Indian-occupied Kashmir staged protests on Wednesday, accusing government...

Updated 02 Jul, 2020 03:12am

State Department's report on terrorism: Qureshi conveys disappointment to Khalilzad

Exchange

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 16	278.40
USD PKR Interbank Buying / Apr 16	278.10
USD to Japanese Yen / Apr 16	154.32
USD to Swiss Franc / Apr 16	0.91
Pound Sterling to USD / Apr 16	1.24
Euro to USD / Apr 16	1.06

Stock	Volume
S&P 500 / Apr 15	5061.82
Nasdaq / Apr 15	15885.02
Dow Jones / Apr 15	37735.11
India Sensex / Apr 16	73041.46
Tokyo Nikkei / Apr 16	38375.98
Hang Seng / Apr 16	16327.73
FTSE 100 / Apr 16	7851.82
Germany DAX 30 / Apr 16	17757.12

Item	Value
Petrol/Ltr / Apr 16	293.94
Crude Oil USD/Barrel / Apr 16	85.94
Karachi Cotton PKR/37.32 KG / Apr 16	21735
Gold 10 Grams PKR / Apr 16	214077
Gold Spot USD/Ounce / Apr 16	2387.66
Diesel Prices / Apr 16	290.38

Gainers
Losers
Leaders

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

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

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

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