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The Financial Daily Friday 24 April-2020.Qxd TeleSchool project best Inside Pages: Friday #2: Businesses are not more vital than lives: Ghani April 24, 2020 way to impart education #2: 86 more factories allowed operations in Sindh Shaban 30 #3: Govt allows export of textile masks: Razak Vol#13 Issue# 258 amid lockdown #3: NAB Executive Board approves six inquires Pages 8 Rs 20 See Page 8 #4: Oil drop below zero for first time KARACHI EDITION TOP NEWS:::FOREIGN EXCHANGE: STATE BANK RESERVES FALL $85MN TO $10.89BN Economic Indicators Option of imposing smart lockdown under consideration: Discusses Forex Reserves (17-Apr-2020) $17.300bn Inflation CPI% (Jul 19-Mar-20) 11.80% Punjab situation with Buzdar; Rs.2.76bn have been raised for fund; Exports (Jul 19-Mar-20) $17.45bn Imports (Jul 19-Mar-20) $34.81bn Govt to take action if anyone tries to violate the 20-point SOPs: PM Trade Balance (Jul 19- Mar-20) $(17.36)bn Current A/C (Jul 19-Mar 20) $(2.77)bn Remittances (Jul 19 - Mar 20) $16.99bn Foreign Investment (Jul 19-Mar-20) $2.376bn Revenue (Jul 19-Mar 20) Rs 3,063bn Next four weeks Foreign Debt (Dec-19) $111.05bn Domestic Debt (Feb-20) Rs 22,651bn Repatriated Profit (Jul 19-Feb 20) Rs 0.994bn LSM Growth (Jan-20) -5.96% GDP Growth FY19 3.40% Per Capita Income FY19 $1,561 Population 208.84 critical in terms Portfolio Investment SCRA(U.S $ in million) Yearly(Jul, 2019 up to 22-Apr-2020) 626.56 Monthly(Mar, 2019 up to 22-Apr-2020) -576.15 Daily (22-Apr-2020) -65.52 of infections and Total Portfolio Investment (17-April-2020) 1,888 NCCPL (U.S $ in million) FIPI (23-Apr-2020) -2.11 Local Companies (23-Apr-2020) -0.05 Banks / DFI (23-Apr-2020) -0.29 Mutual Funds (23-Apr-2020) 1.85 deaths, says PM Insurance Companies (23-Apr-2020) 1.86 Local Investors (23-Apr-2020) 0.06 No compromise would be made on security, integrity and sovereignty Other Organization (23-Apr-2020) -0.18 of the country, Imran tells at the briefing held at the ISI headquarters; PMEX Commodity Index. ISLAMABAD: Prime Minister Imran Khan at Ehsaas Telethon, here Thursday. - PID photo Opening 3,481 PM was accompanied by COAS Bajwa, federal ministers & advisors Closing 3,333 ISLAMABAD: Prime Minister in donations with the telethon He made it clear that an "indef- Change -148.00 Vows FM Shah Mahmood Qureshi Ramazan moon Imran Khan Thursday warned alone raising Rs550 million. inite lockdown" is not an option % Change -4.25 that the next three to four weeks Sui Southern Gas Company and any decision regarding a Volume (Lots) 15,728 not sighted in can be critical for Pakistan in (SSGC) made a donation of Rs30 smart lockdown should be for Global Indices terms of coronavirus infections million while Managing Director "all Pakistanis and not just the Efforts afoot Pakistan: and deaths. EBM Zalif Munir donated Rs100 elite". Index Close Change KSE 100 32,850.83 386.60 The Prime Minister said this million. Khan said that lockdown in Nikkei 225 19,429.44 291.49 Mufti Muneeb while speaking at the largest CEO Petroleum Khalid Riaz India and Singapore badly affect- Hang Seng 23,977.32 83.96 ISLAMABAD: The chairman Ehsaas Telethon being simultane- donated Rs2 million while ed the poor people, and now Sensex 30 31,863.08 483.53 for return of of Ruet-e-Hilal Committee, ously telecast by the PTV and Salamat Ali from Faisalabad countries like the United States, ADX 4,062.99 75.93 Mufti Muneebur Rehman private TV channels for raising pledged a donation of Rs200 mil- are also thinking to impose 'smart SSE COMP. 2,838.50 -5.48 Thursday said that the moon funds to fight COVID-19. lion. lockdown' despite deaths of over FTSE 100 5,826.61 55.98 was not sighted in all parts of The live telethon organized for He said that imposition of 'bal- 40,000 citizens. raising money for the coron- anced and smart lockdown' on The Prime Minister expressed *Dow Jones 23,778.79 302.97 Pakistanis in the country and the Ramazan *Last Updated 20:00 PS will fall on Saturday (April 25). avirus relief fund concluded with the pattern of western countries confidence that the government a total of Rs 2.76 billion being will be an effective and viable will take further decisions in con- Commodities Mufti Muneebur Rehman made the announcement after raised. option under prevailing situation sultations with all stakeholders to *Crude Oil (brent)$/bbl 22.29 chairing the meeting of Prime Minister Imran Khan in the country. He said the gov- resolve issues being faced by the *Crude Oil (WTI)$/bbl 17.60 Gulf, earliest See#4 Page7 took part in the telethon which ernment is mulling the option of people living below the poverty *Cotton $/lb 56.51 ISLAMABAD: Foreign Minister the opening of remaining airports attracted extremely generous imposing smart lockdown in the line. He said that war against *Gold $/ozs 1,751.20 Shah Mahmood Qureshi has said has enhanced Pakistan's capacity donations from Pakistani citizens country to wisely provide relief coronavirus pandemic can only *Silver $/ozs 15.64 that efforts are underway to bring to bring back six to seven thou- Rupee gains all over the globe. The fund has to labour class, daily wagers and be won through national Malaysian Palm $ 479 back the stranded Pakistanis from sand Pakistanis from abroad amassed a total of Rs2.76 billion lower-middle strata of society. See#5 Page7 Gold 24K per 10 Grams 88,762 Gulf States at the earliest. every week. more strength KHI Cotton 40Kg PKR 9,602 In a statement on Thursday, the Shah Mahmood Qureshi said Moody's expects Pakistan's GDP to grow by over 2pc in 2021 *Last Updated 20:00 PST foreign minister said that screen- the coronavirus has badly affect- as dollar slips ing is being done at the airports ed the economy of the world. He GDR update and quarantine facilities have said this pandemic will also Symbols $.Price PKR/Shares to Rs159.98 239.67 also been expanded there. increase pressure on Financial support lowers 3.00 MCB (1 GDR= 2 Shares) The foreign minister said that See#1 Page7 KARACHI: Pakistani rupee 9.20 147.00 OGDC (1 GDR= 10 Shares) continued gaining strengthen 6.40 255.65 UBL (1 GDR= 4 Shares) against the US dollar on 9.10 363.50 LUCK (1 GDR= 4 Shares) Pakistan expresses Thursday and gained 38-paisa Pakistan financing risks 31.54 201.58 HUBC (1 GDR= 25 Shares) in its value in interbank. ISLAMABAD: Substantial effects and the government's 10% of GDP in fiscal 2020 (end- Money Market Update The US dollar was traded at financial support from Rs1.2 trillion stimulus package. ing June 2020) from 8.9% in fis- T-Bills (3 Mths) 22-Apr-2020 8.21% Rs159.98 against Rs160.36 on International Monetary Fund The stimulus provides tax con- cal 2019, despite strong revenue T-Bills (6 Mths) 22-Apr-2020 7.88% concern on India's last trading day (Wednesday), (IMF), Asian Development Bank cessions for households and busi- growth narrowing the deficit in T-Bills (12 Mths) 22-Apr-2020 7.32% according to a tweet of State Policy Rate 17-Apr-2020 9.00% (ADB), International nesses, including the export and the first half of fiscal 2020," said Kibor (1 Mth) 23-Apr-2020 9.21% Bank of Pakistan (SBP). Development Association (IDA) healthcare sectors, and direct Moody's. Kibor (3 Mths) 23-Apr-2020 9.31% anti-Muslim plans The recent increase in the and G20 creditors reduces cash handouts to support socially The government revenue in the Kibor (6 Mths) 23-Apr-2020 7.77% local currency is mainly due to Pakistan's financing risks, said vulnerable and low-income earn- first half of this year rose almost 23-Apr-2020 Kibor (9 Mths) 7.72% ISLAMABAD: Pakistan has Spokesperson Aisha Farooqui $1.4 billion received from IMF Moody's on Thursday. ers laid off because of the coron- 40% from a year earlier, with tax Kibor (1 Yr) 23-Apr-2020 7.58% expressed deep concerns over the regretted that these policies per- and deferment in payments of P.I.B (3 Yrs) 15-Apr-2020 8.53% Moody's expects that Pakistan's avirus outbreak. "Consequently, revenue up by 18% and nontax P.I.B (5 Yrs) 15-Apr-2020 8.71% discriminatory and anti-Muslim sist regardless of the challenge foreign debt. financing needs will rise because we expect the stimulus to widen revenue more than P.I.B (10 Yrs) 15-Apr-2020 8.97% policies and practices of the RSS- posed by COVID-19 pandemic. During the last four days, of coronavirus-related economic the government deficit to 9.5%- See#6 Page P.I.B (15 Yrs) 15-Apr-2020 10.45% inspired Indian government. She pointed out that a system- Pakistani rupee has been P.I.B (20 Yrs) 15-Apr-2020 10.70% In her opening statement at the atic campaign is unfortunately strengthened by Rs3.59 against 15-Apr-2020 P.I.B (30 Yrs) 11.00% weekly press briefing here on underway in India to the international currency. - TLTP Open Mkt Currency Rates Thursday, Foreign Office See#2 Page7 5G in no way responsible Symbols Buy (Rs) Sell (Rs) Gold price Australian $ 92.25 97.25 Canadian $ 105.00 110.00 rises Rs2,500 Danish Krone 22.60 22.90 Pakistan now only for corona spread: ITU Euro 180.25 183.00 Hong Kong $ 20.00 20.25 per tola ISLAMABAD: The latest gener- 5G can carry a huge amount of Birmingham, was reportedly set : ation of fast broadband, com- data much faster than previous alight in April.
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