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بدھ کے روز پاکستان مرکنٹائل ایکسچینج لمیٹڈ میں ، پی ایم ای ایکس کموڈٹی انڈیکس 148 پوائنٹس کی کمی سے 3،333 کی سطح پر بند ہوا۔ میٹلز ، انرجی اور سی او ٹی ایس / ایف ایکس کی تجارت کی مالیت PKR 10.878 بلین ریکارڈ کی گئی اور لاٹ کی تجارت کی تعداد 15،728 رہی۔ اس بڑے کاروبار میں سونے کی مدد سے پی کے آر 6.243 بلین ، اس کے بعد کرنسیوں کے توسط سے سی او ایس (پی کے آر 1.385 بلین) ، ڈی جے (پی کے آر 1.319 بلین) ، خام تیل (پی کے آر 698.801 ملین) ، این ایس ڈی کیو 100 (پی کے آر 544.047 ملین) ، سلور (پی کے آر 283.932) تھے۔ ملین) ، پلاٹینم (پی کے آر 216.722 ملین) ، ایس پی 500 (پی کے آر 91.378 ملین) ، قدرتی گیس (پی کے آر 51.072 ملین) ، کاپر (پی کے آر 34.785 ملین) اور برینٹ کروڈ آئل (پی کے آر 9.194 ملین)۔ زراعت کی اجناس میں ، پی کے آر 6.604 ملین کی سویا بین کی ایک بہت کچھ ، گندم کی ایک بہت زیادہ رقم پی کے آر 3.945 ملین ، پی کے آر میں 2.730 ملین مکئی کی ایک بہت سی ، اور پی کے آر 0.917 ملین کی کاٹن کی ایک بہت سی تجارت ہوئی۔

Wuhan was overwhelmed with thousands of new cases of coronavirus each day. But in a dramatic development that underscores just how much the outbreak has pivoted toward Europe and the United States, Chinese authorities said on Thursday that the city and its surrounding province had no new cases to report. The news offered a rare glimmer of hope for the rest of the world as it battles the virus, and perhaps a lesson in the strict measures needed to halt its spread. It came as President Donald Trump likened the fight to “a war” and invoked emergency powers that allow him to compel manufacturers to deal with the pandemic. Wuhan was where the outbreak first took hold and thousands once lay sick or dying in hurriedly constructed hospitals. But Chinese authorities said on Thursday that all 34 new cases recorded over the previous day had been imported from abroad. “Today we have seen the dawn after so many days of hard effort,” said Jiao Yahui, a senior inspector at the National Healt...

The pharmaceutical industry of Pakistan has voiced fear of a shortage of imported raw material needed for various medicines to combat the threat of coronavirus, due to a lockdown in several foreign countries. Speaking at the Karachi Press Club on Wednesday, Pakistan Pharmaceutical Manufacturers’ Association (PPMA) Senior Vice Chairman Farooq Bukhari said the country’s pharmaceutical industry was ready to fight coronavirus alongside provincial and federal government, however, it needed relief from the authorities in a bid to function efficiently. Endorsing his views, PPMA Executive Committee Member Kaiser Waheed said Pakistan had around 770 medicine companies, which were registered with the association. Speaking to The Express Tribune on the sidelines of the meeting, he said the companies used 1,200 molecules and other active pharmaceutical ingredients to produce 98,000 medical products. He pointed out that the country imported 95% of its raw material from Shanghai and Beijing w...

In the wake of COVID-19 and its unprecedented effect on global stock markets, the Securities and Exchange Commission of Pakistan  in consultation with market stakeholders and market infrastructure institutions, has decided that for the April 2020 contract, a short sale in 36 specific shares of the futures market shall be subject to an uptick rule. This will ensure the provision of a required prior notice period to the market and retain liquidity in the rollover week. The uptick rule means that the shares of that relevant scrip have to be sold at a price higher than the last trade not lower. Further, to support the mutual fund industry, the maximum period of borrowing by mutual funds for redemption purposes will be extended from existing 90 days to 360 days. Moreover, the commission has allowed relaxing deposit requirements against the base minimum capital of TREC holders. The requirement to perform biometric verification at the time of opening of the account is eased and ...

In order to curtail the risk of the spread of Coronavirus (COVID-19) and limit the physical interaction of citizens at the branch level, State Bank of Pakistan (SBP) has waived off transactional charges on various modes of online payments for customers on a temporary basis to be effective from March 20. Customers can now make banking transactions without any charges for fund transfer, utility bills payments, tax submission, mobile top-ups and etc. According to a circular issued by SBP, commercial and microfinance banks shall waive all charges for customers using their online fund transfer services including Intra and Interbank Fund Transfers IBFT till further instructions. Banks/MFBs shall waive the transaction charges on RTGS customer transfers (MT 102 and MT103). In this regard, SBP has also waived charges on such transactions with immediate effect till further instructions. It has been decided that fees earned on all online bill payment services including utility bill pa...

Due to the adverse impact of the coronavirus pandemic on the economy, the government on Tuesday decided to revise all international and local agreements in the energy sector, including those related to Independent Power Projects (IPPs) and Liquefied Natural Gas (LNG), to provide relief to the common man.

Amreli Steels Limited has encountered an unexpected breakdown in its re-heating furnace at the re-rolling plant situated in Dhabeji. The management expects that the rolling mill will be non-operational for ten days which may result in decline of rebars production of up to 8,000 metric tons for the quarter ending March 31, 2020. ‘The teams are working to fix the fault and resume the production facility as early as possible. However. It may be clarified that our Steel Meltshop located at Dhabeji and Rolling Mill located in S.I.T.E area remains operational’ a notice issued by the company said on Wednesday.

GSK has signed an agreement with LG Household & Health Care Ltd ( a Korean cosmetic, personal care, home care, and beverage business), which will acquire Physiogel business rights for the Asian and North American regions, revealed a notification to the Exchange. GSK Consumer Healthcare Pakistan Ltd  currently operates as a Distributer of Physiogel in Pakistan, which makes up 0.9% of the overall annual sakes of GSK CHC. The distribution rights will be revoked upon completion of the above-mentioned global transaction, expected by end of July 2020 for Pakistan.

China has emerged as the leading investor by investing $696.5 million (net) as Direct Foreign Investment (FDI), most of which poured in Pakistan’s Power and Telecom sector under China-Pakistan Economic Corridor (CPEC) projects. According to the latest data released by SBP, during Jul-Feb FY20 net FDI from China increased significantly by 129% YoY as it was $303.7 million (net) in Jul- Feb FY19. Norway emerged as the second leading country with net FDI of $288.5 million in Jul-Feb FY20, which was 237 times higher compared to just $1.2 million in the same period of last year. Meanwhile, inflows from Malta were recorded at $148.2 million during eight month period of FY20 compared to outflow of $93.3 million in the last year. Hongkong came at number four with net inflows of $105.8 million during the period under review compared to $91.3 million in the same period of last year. while UK brought in investments of $90.9 million (net) compared with $137.4 million in the corresponding...

The US embassy in Pakistan has suspended the visa services for Pakistan amid Coronavirus. According to communiqué all visa appointments of consulates and embassy have been suspended. According to US embassy visa service will be restored soon, however, no date on this count can be given while services for US citizens will continue as normal.  Pakistan confirms first death from coronavirus It is vital to mention here that tally of COVID 19 patients in Pakistan have reached more than 184 due to which all sports activities, events, shrines, and entertainment activities have been banned in several parts of the country. On the other hand, all educational institutions have been closed and examinations have been postponed. Besides all, travel is allowed through only three airports of the country under strict security measures. The Nation

The State Bank of Pakistan has said that it is willing to take all measures to support the financial markets against all the economic adversities created by the Covid-19 pandemic. According to a report by Bloomberg, the pandemic which has created an uproar in economies across the globe, has not even spared Pakistan from its wrath. For the uninitiated, the equity market in Pakistan have taken a massive hit and has been on a declining trend ever since the news of the virus broke out. However, the Governor of the Central Bank of Pakistan, Raza Baqir has said that: “The current market volatility in Pakistan is externally driven and the strengthening in the fundamentals of Pakistan’s economy that drove the improvement in Pakistan markets before the outbreak of coronavirus remains intact”. “The central bank is monitoring the situation closely and remains ready to take any actions needed to address disorderly market conditions”, he added. It is worthwhile to mention that the Central B...

Govt has rejected to grant a one-time exemption to Lotte Chemical Pakistan Ltd (LOTCHEM) to import Paraxylene from India. According to the research note by Sherman Securities, LOTCHEM had asked permission for import of 40,000 MT paraxylene with a supply agreement of 140,000 MT from Reliance (India), out of which 82,500 MT has already been imported. It is pertinent to mention that LOTCHEM imports Paraxylene, a liquid chemical used as a feedstock in the manufacture of Purified Terephthalic Acid (PTA) which is not domestically produced. Therefore, it is expected that PTA production may fall by 60,000 MT, the research added. As a matter of fact, PTA is a base raw material for textile and packaging industries and LOTCHEM is the supplier of PTA. Mettisglobal.news اطلاع ہے کہ اب سری لنکا سے منگوایا جائے گا جو انڈیا کہ مقابلے سستا پڑنا۔

The government will provide 400 million rupees subsidy to framers on the import of PB Rope from the current cotton sowing season. According to Cotton Commissioner in the Ministry of National Food Security and Research Dr Khalid Abdullah، subsidy for PB Rope imports for about 2,00,000 hectares would be provided to help overcome threats of pest attacks on crop during its fruiting season and save the crop from damage. He said the amount is being allocated to enhance per-acre cotton output across the crop sowing areas of the country. Cotton Commissioner informed that government in close coordination with private sector had also designed a holistic program to ensure provision of certified cotton seed to farmers in order to achieve maximum per acre crop output during the season and get more profit.

The U.S. Federal Reserve slashed rates back to near zero, restarted bond buying and launched other measures from its crisis-era toolkit, along with other central banks, to put the floor under a rapidly disintegrating global economy assailed by efforts to contain the escalating coronavirus pandemic. "The effects of the coronavirus will weigh on economic activity in the near term and pose risks to the economic outlook. In light of these developments, the Committee decided to lower the target range," the Fed said. The Fed cut rates to a target range of 0% to 0.25% and said it would expand its balance sheet by at least $700 billion in coming weeks. "The Committee expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals" the Fed said. In other moves, the Fed encouraged banks to use the trillions of dollars in equity and liquid assets built up ...

Pakistan’s central bank said it’s ready to take action to support financial markets in the face of the coronavirus pandemic, which has led to a sell-off in the country’s bonds. Ad Pakistan has seen net sales of $772 million in short-term rupee debt this month after eight successive months of purchases that totaled $3.1 billion. “The current market volatility in Pakistan is externally driven and the strengthening in the fundamentals of Pakistan’s economy that drove the improvement in Pakistan markets before the outbreak of coronavirus remains intact,” State Bank of Pakistan Governor Reza Baqir said in an email. The central bank “is monitoring the situation closely and remains ready to take any actions needed to address disorderly market conditions.” Pakistan’s central bank intervened on Friday, helping the rupee advance 0.1% after a four-day decline, according to people familiar with the matter. Global central banks stepped up their crisis-fighting measures last week in a campaign t...

As a collapse in the oil price unleashed chaos in financial markets, Madrid money manager Diego Parrilla phoned a colleague who agreed: they had better head to work early in the morning. By daybreak in Europe, the price of crude oil had fallen by a third. The shock had turned worry about the coronavirus to full-blown panic, wiped trillions of dollars from Asian stocks and sent futures for European and US markets plunging. “We assessed the book,” said Parrilla, 46, who runs a €300 million ($332 million) fund that is long gold and bonds and uses options to bet on just about everything but dollars and volatility falling. “We were in a good position, he said. “We decided which parts of the portfolio we would take profits on first.” So began what became the worst week on Wall Street since 2008, which has left Parrilla one of the few winners in the shakeout that ended the longest bull-run in US history. His Quadriga Igneo fund is up 30% for the year to date. The wipe-out has also e...

A 3pc YoY decline in urea offtake has neutralised the impact of higher urea prices (Rs260 per bag over 2019 vs. gas price hike impact of Rs180 per bag), keeping the gross profit flattish.  Results remained below their expectations due to one-off. Naeem shared that Fauji Fertilizer Company FFC posted 19pc YoY higher profit after tax of Rs17.1 billion (EPS: Rs13.45). Higher other income, up 85pc YoY, led by interest earned on cash reserves (GIDC accumulation) was the major earnings growth driver during CY19 while major drags included (i) 51pc YoY higher finance cost and, (ii) 62pc YoY higher other expenses, led by Rs1.1bn of impairment of FFL recorded (-ve EPS impact: Rs0.61/share) during 4QCY19. HIGHER OFFTAKE She recalled that the ECC had approved the removal of Gas Infrastructure Development Cess on feed/fuel gas supply for the fertilizer sector on January 20, in a move to make urea prices more affordable. Following the GIDC waiver, FFC announced Rs300/bag urea price...

The country representative of The World Health Organisation’s (WHO) in Pakistan, Dr Palitha Gunarathna Mahipala, said on Friday that Pakistan had observed one of world’s best “national response programmes’ against COVID-19 pandemic in Pakistan and urged the people to follow the precautionary and preventive measures to avoid contracting the virus, which is extremely contagious but not as lethal as some other members of the coronavirus family. Talking about the  the severity of the COVID-19 pandemic, he said even countries with well-advanced health systems like South Korea and Italy had failed to contain COVID-19. He added that Pakistani authorities timely responded to the threat and took measures which resulted in keeping the virus at bay for a longer time when other counties were having its cases. Further more, he urged the people to take precautionary measures to avoid contracting the viral disease, saying they should avoid visiting public gatherings,...

A team of Securities and Exchange Commission of Pakistan (SECP) led by the Chairman SECP and Commissioner(SM) held a detailed meeting with the CEOs of Pakistan Stock Exchange, National Clearing Company and Central Depository Company (CDC) on Friday to review and discuss the stock market situation after the market was halted for third time this week. The meeting also discussed risk management and business continuity. The index based market halts were triggered three times during this week. This cooling-off period gave an opportunity to investors to align their trading strategy and collection of margins by the Clearing Company. The participants of the meeting affirmed that risk management system was functioning efficiently and margins were being collected timely. The market operations are running smoothly as a whole. The CEOs further apprised that their business continuity plans and disaster recovery setup was in place based on SECP’s earlier instructions. The chairman SECP emphasized o...