www. thefinancialdaily. com Simultaneously Published from Karachi and Lahore ::::::::: TOP NEWS::::::::: Steps taken in 2 years to reform education sector Inside Pages: SPL posts after tax loss of Rs3,540mn # 2: ACTRESS ATIQA ODHO # 3: AOB deregisters audit firm of chartered A/ cs ACQUITTED IN LIQUOR # 4: Afghan assembly approves Taliban prisoner release # 5: CASE AFTER 9 YEARS Europe's travel recovery stalls in August See Page 8 Rs 20 Pages 8 KARACHI EDITION Muharram 2 Vol# 14 Issue# 19- 20 SATURDAY- SUNDAY, AUGUST 22- 23, 2020 China and Pakistan are good brothers and partners who share special friendship; Political parties from both sides often carry out friendly consultations, constantly build political consensus Economic Indicators Forex Reserves Inflation CPI% Exports Imports Trade Balance Current A/ C Remittances $ 19.518bn ( 7- Aug 2020) ( 9.26% Jul 20) $ 2.00bn ( Jul 20) $ 3.64bn ( Jul 20) CPEC of great importance to boost bilateral ties: Xi Jinping $( 1.64) bn ( Jul 19- Nov 19) $( 2.97) bn ( Jul 19- Jun 20) ( Jul 20) $ 2.77bn Foreign Investment $ 2.038bn ( Jul 19- Jun 20) Revenue Foreign Debt Domestic Debt ( Jul 20) Rs 300bn ( Mar 20) $ 109.95bn ( Mar 20) Rs 24,038bn Repatriated Profit ( Jul 19- Jun 20) Rs 1.825bn LSM Growth GDP Growth FY19 Per Capita Income FY19 Population ( Jun 20) - 7.74% 3.40% $ 1,561 210.18 Portfolio Investment SCRA( U. S $ in million) - 108.22 22.37 1.19 2,400 Yearly( Monthly( Daily Jul, 2020 up to 17- Aug- 2019) Aug, 2020 up to 17- Aug- 2019) ( 17- Aug- 2019) Total Portfolio Investment ( 7- Aug- 2020) NCCPL ( U. S $ in million) FIPI ( 18- Aug- 2020) Local Companies ( 18- Aug- 2020) Banks / DFI ( 18- Aug- 2020) Mutual Funds ( 18- Aug- 2020) Insurance Companies ( 18- Aug- 2020) Local Investors ( 18- Aug- 2020) Other Organization ( 18- Aug- 2020) - 2.33 1.20 - 0.74 2.66 - 0.54 1.52 HAINAN ( China): China's State Councilor and Foreign Minister Wang Yi and Pakistan's Foreign Minister Makhdoom Shah Mahmood Qureshi greet each other in Hainan province of China, Friday. - FO photo - 0.75 PMEX Commodity Index. President Xi in verbal message to Dr. Alvi appreciated him for sending congratulatory letter to opening of the 2nd Conference of the CPEC's Political Parties Joint Consultation Mechanism Opening Closing Change % Change Volume ( Lots) 3,481 3,333 - 148.00 - 4.25 15,728 Corona threat still persists: Asad Umar Enacting FATF linked legislation a national duty, says PM Imran Chinese President Xi Jinping said Friday that as a landmark project under the Belt and Road Initiative, the ChinaPakistan Economic Corridor ( CPEC) is of great importance to promoting in- depth development of the China- Pakistan all- weather strategic cooperative partnership and forging a closer ChinaPakistan community with a shared future. Xi, also general secretary of the Communist Party of China ( CPC) Central Committee, made the remarks in a verbal message to Pakistani President Arif Alvi, reported Chinese media. Xi said he appreciates the fact that Alvi sent a congratulatory letter to the opening of the Second Conference of the CPEC Political Parties Joint Consultation Mechanism, which fully demonstrated that Alvi attaches great importance to and supports the China- Pakistan relationship and construction of the CPEC. China and Pakistan are good brothers and partners who share special friendship, Xi said, adding that political parties from both sides often carry out friendly consultations and constantly build political consensus, which is conducive to steadily advancing the construction of the BEIJING: Global Indices Index Close Change KSE 100 Nikkei 225 Hang Seng Sensex 30 ADX SSE COMP. FTSE 100 * Dow Jones 40,184.01 23,051.08 25,367.38 38,528.32 4,445.48 3,451.09 6,077.86 27,769.53 61.51 - 45.67 20.04 477.54 14.15 12.29 - 49.58 - 75.38 Minister for Planning and Development Asad Umar has said that coronavirus has not ended yet and risk of the pandemic still exists. In a tweet on Friday, Asad Umar said that strategies were made at National Command and Operation Centre ( NCOC) with the support of provinces for every occasion including, Eid, Muharram, schools opening and etc. "COVID- 19 is reduced but risk is still alive", he added. He warned the nation against lowering their guard against the COVID- 19, as the pandemic still threatens human lives. ISLAMABAD: * Last Updated 20: 00 PS See# 7 Page7 Prime Minister Imran Khan has said that the federal government considers completing the FATF- related legislation as its national duty, while the opposition tried to get national reconciliation ordinance ( NRO) from it The Prime Minister said this while chairing a meeting, which was held to review the political, economic situation and progress of the legislation related to the Financial Action Task Force ( FATF) action plan. The Prime Minister criticised that those rejected by ISLAMABAD: Commodities * Crude Oil ( brent)$/ bbl * Crude Oil ( WTI)$/ bbl * Cotton $/ lb * Gold $/ ozs * Silver $/ ozs Malaysian Palm $ Gold 24K per 10 Grams KHI Cotton 40Kg PKR * Last Updated 20: 00 PST 45.19 42.49 63.58 2,005.40 27.99 634 107,200 9,142 FM Qureshi in China to discuss CPEC, region, and Kashmir; Terms ties between Pakistan and Saudi Arabia close, cordial Pakistan is committed to fight terrorism: Qureshi See# 1 Page7 See# 5 Page7 FO to take steps for Nawaz's repatriation; Pakistan- Saudi ties a relationship of hearts Two Indian soldiers in IOK commit suicide GDR update PKR/ Shares $. Price Symbols MCB OGDC ( UBL LUCK HUBC ( Foreign Minister Shah Mahmood Qureshi on Friday expressed Pakistan's unwavering commitment to fight the curse of terrorism. In a statement on the occasion of International Day of Remembrance and Tribute to the Victims of Terrorism, the foreign minister said, "Resilient Pakistani nation has shown that the values of enlightenment, compassion and empathy that bind us together are much stronger than the forces of intol- erance, hatred and violence." Qureshi said that Pakistan has suffered the most from terrorism as it lost more than 70,000 lives and suffered economic losses of US $ 120 billion. He said that thousands of Pakistan's ISLAMABAD: Faraz urges opposition to vote on FATF bills for sake of motherland 251.97 154.54 268.77 382.15 211.92 3.00 9.20 6.40 9.10 31.54 ( 1 GDR= 2 Shares) 1 GDR= 10 Shares) ( 1 GDR= 4 Shares) ( 1 GDR= 4 Shares) 1 GDR= 25 Shares) Money Market Update See# 8 Page7 6.98% 7.14% 7.15% 7.00% 7.35% 7.14% 7.21% 7.48% 7.49% 7.24% 8.21% 8.86% 9.70% 10.34% 11.00% 12- Aug- 2020 12- Aug- 2020 12- Aug- 2020 25- Jun- 2020 18- Aug- 2020 18- Aug- 2020 18- Aug- 2020 18- Aug- 2020 18- Aug- 2020 22- Jul- 2020 22- Jul- 2020 22- Jul- 2020 22- Jul- 2020 22- Jul- 2020 22- Jul- 2020 T- Bills ( 3 Mths) T- Bills ( 6 Mths) T- Bills ( 12 Mths) Policy Rate Kibor ( 1 Mth) Kibor ( 3 Mths) Kibor ( 6 Mths) Kibor ( 9 Mths) Kibor ( 1 Yr) P. I. B ( 3 Yrs) P. I. B ( 5 Yrs) P. I. B ( 10 Yrs) P. I. B ( 15 Yrs) P. I. B ( 20 Yrs) P. I. B ( 30 Yrs) Two Indian soldiers committed suicide in Kupwara and Poonch districts of Indian Occupied Kashmir ( IOK) on Friday. According to details, a soldier of Indian Border Security Force ( BSF) committed suicide SRINAGAR: Federal Minister for Information and Broadcasting, Senator Shibli Faraz has said that Prime Minister Imran Khan cannot be politically blackmailed by the opposition, urging the opposition parties to vote on FATF bills for the sake of the country. The information minister while addressing a press conference here on Friday said that the opposition leadership is fully aware of the severe ISLAMABAD: See# 2 Page7 See# 6 Page7 Cuts sales tax, duties on import of sugar Bab- e- Dosti opened for pedestrian movement ECC allows TCP to import 0.2mm tonnes of wheat Open Mkt Currency Rates Symbols Buy ( Rs) Sell ( Rs) Australian $ 119.50 Canadian $ 126.00 Danish Krone 25.90 Euro 197.00 Hong Kong $ 22.20 Japanese Yen 1.590 Saudi Riyal 44.50 Singapore $ 121.00 Swedish Korona 18.85 Swiss Franc 181.40 U. A. E Dirham 45.50 UK Pound 219.00 US $ 168.00 122.50 129.00 26.20 200.00 22.45 1.620 45.00 124.00 19.10 182.30 46.00 225.00 168.60 ' Bab- e- Dosti' at Pak- Afghan border in Chaman was opened for pedestrians' movement on Friday, with consensus of Pakistan and Afghanistan governments. According to an official handout from the provincial government, the border will remain open seven days a week for pedestrians' movement. - TLTP CHAMAN: The Economic Coordination Committee ( ECC) of the Cabinet has allowed the Trading Corporation of Pakistan ( TCP) to import 200,000 tonnes of wheat in the public sector following the import of 500,000 tonnes of wheat by the private sector in the country. Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh chaired the ECC meeting here on Friday. The ECC gave the TCP a goahead for the import ISLAMABAD: Weather Forecast Cities Max- Temp Min- Temp Islamabad Karachi Lahore Faisalabad Quetta Rawalpindi 34° C 34° C 36° C 39° C 34° C 34° C 25° C 29° C 27° C 27° C 17° C 24° C See# 3 Page7 Market bleak as the govt allows OGDC selloff Inter- Bank Currency Rates Symbols Buying Selling TT Clean TT & OD Australian $ 121.36 121.67 Canadian $ 127.44 127.78 Danish Krone 26.83 26.89 Euro 199.79 200.30 Hong Kong $ 21.68 21.73 Japanese Yen 1.591 1.594 Saudi Riyal 44.80 44.91 Singapore $ 122.87 123.23 Swedish Korona 19.38 19.43 Swiss Franc 185.60 186.09 U. A. E Dirham 45.74 45.83 UK Pound 220.73 221.27 US $ 167.98 168.35 Index sees depressive session closing lower by 247 points point to close at 39,621.59 points. KSE All Share Index decreased by 216.38 to end at 27,858.64, KSE 30- Index declined by 106.70 points to conclude at 17,176.77 whereas KMI 30- Index dipped by 677.11 points to finish the day at 63,724.77 levels. Nabeel Haroon at Topline Securities said benchmark KSE 100 continued its negative momentum as the index lost 247 points to close at 39,622 level. Index declined to make an intraday low of 628 points which was attributed to news on few media outlets that approval has been granted to sell 7% and 10% government stake in PPL and OGDC respectively. Major negative contribution to the index came from PPL, HUBC, OGDC, PSO and LUCK, combining to bring down the index by 180 points. Ghulam Raza Rajani KARACHI: Market carried on its southward movement seeing an overall bearish session. An across the board selling was observed as 61 per cent of scrips traded in red zone. Approval of government sell of stakes in OGDC and PPL by 7 per cent forced market to stay in red zone for almost entire day. The benchmark KSE- 100 index closed lower by 246.96 Subscribe now Tel: 92- 21- 35311893- 6 Fax: 92- 21- 35388427 See# 4 Page7 Email: editor@ thefinancialdaily. com PRINTED AND DISTRIBUTED BY PRESSREADER PressReader. com + 1 604 278 4604 O R I G I N A L C O P Y . O R I G I N A L C O P Y . O R I G I N A L C O P Y . O R I G I N A L C O P Y . O R I G I N A L C O P Y . O R I G I N A L C O P Y COPYRIGHT AND PROTECTED BY APPLICABLE LAW
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