Huddle in Q Block over shape of industry bailout
Business owners say the recent rate cut provided by the central bank is insufficient.
Japan to provide $2.16m grant for Covid-19
Assistance intended to reduce and delay transmission of virus, decrease associated deaths.
World Bank okays another $700m for Dasu project
The financing has nothing to do with Covid-19 and has been under negotiations for almost a year.
Debt rescheduling high on EU agenda: Borrell
FM Qureshi calls European Union's foreign police chief to discussion the situation arising out of the pandemic.
Inflation rate drops to 10.2pc in March
For the first time since July last year inflation has seen downward trend for second month in a row.
Businesses ask for easing lockdown in Sindh
Traders say that the continuous closure of markets and shop risks creating chaos.
Hot money outflows accelerate in March
Over $1.9bn of foreign investment in domestic bonds and equity flew out within the span of a month.
Rs56bn refunded to exporters
During the month of March, the Federal Board of Revenue sanctioned refunds worth Rs25bn to exporters.
Revenue shortfall surges by Rs200bn in March
Provisional figures showed the FBR collected Rs325bn in March against the projected target of Rs525bn.
Drug regulator dysfunctional as fight against Covid-19 rages
Critical drugs needed for the fight against the coronavirus are running out.
EXCHANGE RATES
Exchange Rates for Currency Notes
| Countries | Selling (Rs.) | Buying (Rs.) |
|---|---|---|
| U.S.A. | 158.50 | 157.50 |
| U.K. | 188.00 | 186.00 |
| Euro | 171.00 | 169.50 |
| Japan | 1.3900 | 1.3700 |
| Saudi Arabia | 39.75 | 39.25 |
| U.A.E. | 42.00 | 41.50 |
Highlights
BULLION RATES
| City | Gold (24-ct) | Silver |
|---|---|---|
| Karachi | 76,732 | 771.60 |
| Multan | 75,440 | 823.00 |
Business & Finance
Lockdown disrupts agri supply chains
‘Initially, French beans fetched Rs4,800 per 50 kilograms. Now the price has fallen to Rs300-500.
Sindh hangs on by its fingernails
Investing in health facilities has taken precedence over all other considerations to fight Covid-19.
Startup funding tests positive for Covid-19
There’re plenty of startups whose industry is countercyclical to this virus. They will most probably come out as gainers
Weekly rupee-dollar parity
Published in Dawn, The Business and Finance Weekly, March 30th, 2020