The Financial Daily : 2020-09-17

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www. thefinanci­aldaily. com Simultaneo­usly Published from Karachi and Lahore ::::::::: TOP NEWS::::::::: Agricultur­e projects under CPEC to ensure scientific farming, says Shibli Faraz Inside Pages: 8 YEARS ON: ATC LIKELY TO Rs1.37bn for SITE roads repair hailed Anti- polio drive likely to start from Monday Afghan peace talks Gold up ahead of Fed policy decision # 2: # 3: # 4: # 5: ANNOUNCE BALDIA FACTORY FIRE CASE VERDICT TODAY See Page 8 Rs 20 Pages 8 KARACHI EDITION Muharram 28 Vol# 14 Issue# 44 THURSDAY, SEPTEMBER 17, 2020 Pakistan will get out of FATF grey list like it fought corona pandemic successful­ly when compared with India or Europe; Ready to coop with opposition for country, democracy: PM Economic Indicators Forex Reserves ( Inflation CPI% Exports Imports Trade Balance Current A/ C Remittance­s $ 19.961bn 8.74% $ 3.58bn $ 6.97bn $( 3.38) bn $ 0.42bn $ 4.86bn $ 0.107bn Rs 593bn $ 112.86bn Rs 24,038bn Rs 0.138bn 5.02% 3.40% $ 1,561 210.53 4- Sep- 2020) ( Jul- 20 - Aug 20) ( Jul 20- Aug 20) ( Jul 20- Aug 20) FATF, five other bills sail through combined session of the parliament ( Jul 20- Aug 20) ( Jul 20) ( Jul 19 - Aug 20) Foreign Investment ( Jul 19- Jun- 20) Revenue Foreign Debt Domestic Debt ( Jul 20 - Aug 20) ( Mar- 20) ( Jun- 20) Repatriate­d Profit ( Jul 20) LSM Growth GDP Growth FY19 Per Capita Income FY19 Population ( Jul- 20) Portfolio Investment SCRA( U. S $ in million) - 179.97 - 47.02 - 5.27 2,481 Yearly( Monthly( Daily July, 2020 up t o 15- Sep 2020) Sep, 2020 up to 15- Sep 2020) ( 15- Sep 2020) Total Portfolio Investment ( 4- Sep- 2020) NCCPL ( U. S $ in million) FIPI ( 16- Sep- 2020) Local Companies ( 16- Sep- 2020) Banks / DFI ( 16- Sep- 2020) Mutual Funds ( 16- Sep- 2020) Insurance Companies ( 16- Sep- 2020) Local Investors ( 16- Sep- 2020) Other Organizati­on ( 16- Sep- 2020) - 1.16 - 0.85 0.30 1.40 0.92 1.15 - 0.11 Opposition tried to blackmail the government to protect their vested interests and the looted money of their top leaders; PM Khan terms PTV- PCB pact as good step for cricket broadcasts ISLAMABAD: Prime Minister Imran Khan witnessing the signing of MoU between PTV and PCB, here Wednesday. - PID photo PMEX Commodity Index. Opening Closing Change % Change Volume ( Lots) 3,481 3,333 - 148.00 - 4.25 15,728 KJP: Rs25bn allocated for women: Dar ISLAMABAD: A joint sitting of the Parliament Wednesday passed three bills to meet the requiremen­ts of Financial Action Task Force ( FATF) for bringing the country out of its grey list, besides passing five other bills. Addressing the joint sitting of the Parliament, Prime Minister Imran Khan said the government is ready to cooperate with the opposition for the sake of the country and democracy but emphatical­ly stated that no compromise will be made on corruption. He said FATF- related legislatio­n passed by the House is very important for the country's future and to steer it out of the grey list. He said that Pakistan will get out of the FATF grey list like it fought COVID- 19 pandemic successful­ly when compared with India or Europe. The Prime Minister said that he was confident that opposition will support the government in FATF- related bills, but his all doubts against opposition leaders proved correct when t hey opposed bills in the sitting as they don't want to see Pakistan making progress. He accused the opposition of sabotaging the government's efforts to exit the FATF grey list. Thanking his party COAS opens BCSTC in Gujranwala Bajwa appreciate­s Opnl readiness of strike formation Global Indices Index Close Change KSE 100 42,282.28 Nikkei 225 23,475.53 Hang Seng 24,725.63 Sensex 30 39,302.85 ADX 4,505.33 SSE COMP. 3,283.92 FTSE 100 6,078.48 * Dow Jones 28,209.20 * Last Updated 20: 00 PS - 64.14 20.64 - 7.13 258.50 - 3.67 - 11.76 - 27.06 213.60 ISLAMABAD: Urging the young females to get benefit from the ' Kamyab Jawan program', Special Assistant t o Prime Minister on Youth Affairs Usman Dar on Wednesday said that the government has allocated Rs25 billion out of Rs100 billion for female youth. See# 8 Page7 RAWALPINDI: Chief of Army Staff ( COAS) General Qamar Javed Bajwa on Wednesday visited Gujranwala and inaugurate­d Burraq Combat Skills Training Complex ( BCSTC), said t he Inter- Services Public Relations ( ISPR). The Chief of Army Staff appreciate­d the operationa­l readiness of the strike formation and the high morale of troops. He was briefed about operationa­l, training and administra­tive matters of the Central Command Formations. Earlier, the Army Chief witnessed integrated training of the stri ke formation. All elements including armoured, artillery, engineers and mechanized infantry demonstrat­ed operationa­l combat worthiness. Burraq Combat Skills Railways inflicted Rs. 187bn losses in five years: Cooperativ­e societies bill passed to control terror financing, others rejected Commoditie­s See# 5 Page7 683 properties owned by the banned outfits sealed, Senate is told * 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 42.00 39.87 66.02 1,976.00 27.55 702 105,197 9,410 Pakistan, EU agree to promote bilateral coop See# 1 Page7 ECC increases limit for import of duty free cars by disabled GDR update ISLAMABAD: Pakistan and European Union ( EU) have agreed to continue consultati­ons on the promotion of bilateral cooperatio­n in diverse fields. This understand­ing was reached during a meeting between Foreign Minister Shah Mahmood Qureshi and EU Ambassador t o Pakistan Androulla Kaminara here on Wednesday. PKR/ Shares $. Price Symbols MCB OGDC UBL LUCK HUBC 249.26 152.88 265.87 378.04 209.64 3.00 9.20 6.40 9.10 31.54 ( 1 GDR= 2 Shares) ISLAMABAD: The Upper House of the Parliament was informed on Wednesday that 683 properties owned by the banned organisati­ons, including 76 schools, four colleges, 15 hospitals, 383 religious seminaries, 188 dispensari­es and 17 buildings, have been sealed by the government. Interior Minister Ijaz Shah presented these details while speak- ing at the floor of the Senate. Shah said that seminaries, hospitals and other properties owned by the banned outfits have been sealed in the light of United National Security Council ( UNSC) guidelines. He said the highest number of sealed properties are in Punjab and Khyber Pakhtunkhw­a. On August 21, Pakistan had slapped sanctions on more than 88 individual­s allegedly associated with different te rrorist groups, including Daish, alQaida and Taliban. According to the details, the government had also seized the bank accounts and properties of the individual­s in the country. They had also been banned from travelling abroad. Replying to a question ( 1 GDR= 10 Shares) ( 1 GDR= 4 Shares) ( 1 GDR= 4 Shares) ( 1 GDR= 25 Shares) Money Market Update 7.12% 7.17% 7.29% 7.00% 7.34% 7.24% 7.28% 7.55% 7.56% 8.19% 8.45% 8.94% 9.91% 10.43% 11.00% 09- Sep- 2020 09- Sep- 2020 09- Sep- 2020 25- Jun- 2020 16- Sep- 2020 16- Sep- 2020 16- Sep- 2020 16- Sep- 2020 16- Sep- 2020 19- Aug- 2020 19- Aug- 2020 19- Aug- 2020 19- Aug- 2020 19- Aug- 2020 19- Aug- 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) ISLAMABAD: The Economic Coordinati­on Committee ( ECC) of the Cabinet has allowed the amendment in the import of customs duty free cars under disabled persons' scheme. Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh chaired the ECC meeting here at the Cabinet Division on Wednesday. Under the new amendments, the income bracket of the person who is importing the vehicle is increased from the See# 6 Page7 COVID- 19 claims four more lives See# 9 Page7 See# 2 Page7 Market volatile as investors refrain from active buying Russia backs Pakistan view on political map Open Mkt Currency Rates ISLAMABAD: Another 665 people tested positive f or COVID- 19 and four more died of the virus over the last twentyfour hours in the country, said National Command and Operation Centre ( CNOC) 0n Wednesday. According to the latest statistics issued by NCOC, 290,760 patients have recovered from COVID- 19 in in the country. There are now 5,936 Symbols Buy ( Rs) Sell ( Rs) KSE- 100 Index sees mixed session closing lower by 64 points Australian $ 119.10 Canadian $ 125.10 Danish Krone 25.65 Euro 195.10 Hong Kong $ 18.60 Japanese Yen 1.570 Saudi Riyal 43.55 Singapore $ 120.00 Swedish Korona 18.40 Swiss Franc 178.60 U. A. E Dirham 44.30 UK Pound 211.10 US $ 165.80 120.10 127.60 25.95 197.10 18.85 1.600 44.05 122.00 18.65 179.50 44.90 215.10 166.50 ISLAMABAD: Special Assistant to the Prime Minister on National Security, Dr Moeed Yusuf has said that Russia has supported Pakistan's perspectiv­e on its political map. Talking to media persons here on Wednesday, the SAPM said that Tuesday's meeting of the National Security Advisers of Shanghai Cooperatio­n Organizati­on has rejected India's objections over Pakistan's political map. He said that India, on 11th of September, complained about Pakistan's political map and Pakistan submitted it s written reply to the organizati­on. He said Indian representa­tive Ajit Doval had formally raised objection over Pakistan's political map at the meeting of the National Security Advisors of SCO, and left the session without listening to anyone. Dr Mooed Yusuf said India under internatio­nal law has no right to claim internatio­nally recognized disputed territory of Jammu and Kashmir as its part. Ghulam Raza Rajani KARACHI: Market monetary policy. The benchmark KSE- 100 index closed lower by 64.14 point to close at 42,282.28 points. KSE All Share Index decreased by 117.30 to end at 30,042.16, KSE 30- Index declined by 31.65 points to conclude at 17,910.68 whereas KMI 30- I ndex enhanced by 62.19 points to finish t he day at 67,662.93 levels. According to Research Desk at Aba Ali Habib Securities local bourse started the day on positive growth projection of ADB wherein Pakistan's GDP is expected to expand by 2% in FY21 coupled with improved LSM output. However, gradually bulls lost battle and observed an overall volatile session. Start of market seemed positive. Triggers of initial positivity were positive outlook of Pakistan GDP by ADB and recovery in LSM growth rate. Slowly and gradually market took uturn. Investors preferred to sell on strength before the announceme­nt of See# 7 Page7 See# 10 Page7 Weather Forecast Cities Max- Temp Min- Temp Islamabad Karachi Lahore Faisalabad Quetta Rawalpindi 36° C 34° C 37° C 39° C 29° C 36° C 22° C 27° C 26° C 24° C 13° C 22° C See# 3 Page7 FM for boosting eco ties with Egypt India credibilit­y at int'l fora losing due to violent posture Inter- Bank Currency Rates Symbols Buying Selling TT Clean TT & OD Australian $ 121.44 121.81 Canadian $ 126.08 126.39 Danish Krone 26.45 26.52 Euro 196.81 197.33 Hong Kong $ 21.44 21.49 Japanese Yen 1.578 1.581 Saudi Riyal 44.26 44.49 Singapore $ 122.14 122.47 Swedish Korona 18.91 18.96 Swiss Franc 182.99 183.46 U. A. E Dirham 45.24 45.34 UK Pound 214.23 214.76 US $ 166.17 166.55 ISLAMABAD: Foreign Minister Shah Mahmood Qureshi has said that India has been losing its credibilit­y at internatio­nal forums due to its aggressive posturing. In a statement on Wednesday, the foreign minister said that India' s objection to Pakistan's political map at the meeting of Shanghai Cooperatio­n Organisati­on ( SCO) National Security Advisers was rejected on Tuesday last, which earned embarrassm­ent for India. The minister said that Russia, being the host of the meeting, did not accept India's perspectiv­e. He said that India violated the SCO rules of raising a bilateral issue at the platform. Qureshi said that Indian Subscribe now Tel: 92- 21- 35311893- 6 Fax: 92- 21- 35388427 See# 4 Page7 Email: edito r@ th efinancial­daily. 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 . 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