Business & Finance

Karot Hydropower Project to be made operational soon: PM Shehbaz

Says govt working towards reviving economy, but PTI sit-ins derailing process

Woes continue: Rupee closes near 202 against dollar

Currency registers 15th successive decline
Rising political noise, delay in resumption of IMF programme continue to dent sentiment

After over 500-point plunge, KSE-100 closes marginally positive

Benchmark index fell in early hours, but recovered as investors cherry-picked at attractive valuations

‘Hike in policy rate to badly hit trade, industry alike’

LAHORE: “Recent hike in policy rate will badly hit the trade and industry alike. The business community will not ...

Money / Banking

Markets

Lagarde gains key allies for rate hike plans

Published 25 May, 2022 04:35pm

Business & Finance

Russian central bank to hold extraordinary rate-setting meeting on Thursday

Published 25 May, 2022 12:58pm

Business & Finance

New Zealand raises interest rates 50 bps, signals more aggressive hikes

Published 25 May, 2022 09:18am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 24	201.30
USD PKR Interbank Buying / May 24	201.10
USD to Japanese Yen / May 24	126.88
USD to Swiss Franc / May 24	0.96
Pound Sterling to USD / May 24	1.25
Euro to USD / May 24	1.07
UK LIBOR % / May 24	0.82

Stock	Volume
S&P 500 / May 24	3941.48
India Sensex / May 24	54052.61
Tokyo Nikkei / May 24	26748.14
Nasdaq / May 24	11264.45
Hang Seng / May 24	20112.10
FTSE 100 / May 24	7484.35
Dow Jones / May 24	31928.62
Germany DAX 30 / May 24	13919.75
France CAC40 / May 24	6253.14

Item	Value
Crude Oil USD/Barrel / May 24	110.54
Karachi Cotton PKR/37.32 KG / May 24	21180.00
Gold 10 Grams PKR / May 24	118500.00
Gold Spot USD/Ounce / May 24	1866.30
Cotton US¢/pound / May 24	123.78

Taxes

Tractor industry: FBR not following timelines in processing refund claims, says FTO

ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah observed on Tuesday that the timelines given in the...

Import of various products: DGCV Karachi revises customs values

ISLAMABAD: Directorate General of Customs Valuation, Karachi has revised customs values on the import of...

USC upgrades its POS system

ISLAMABAD: Utility Stores Corporation (USC) in collaboration with the Government of Pakistan is taking measures to...

Industry

Takaful sector: SECP planning to work with stakeholders for launching Taktech

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is planning to work with stakeholders for...

Naveed Qamar holds meetings with key officials in Burssels

ISLAMABAD: Federal Minister for Commerce and Investment, Syed Naveed Qamar, visited Brussels on May 22-23, 2022. He...

Japan’s May factory activity grows

TOKYO: Japan’s manufacturing activity expanded at the slowest pace in three months in May, as supply bottlenecks...

Companies

VW Group to settle UK ‘dieselgate’ claims for £193mn

LONDON: Volkswagen on Wednesday said it would pay £193 million ($242 million, 226 million euros) to British...

Vedanta to finalize $20 billion Indian chip, display unit site by mid-June: Chairman

DAVOS: Vedanta will finalize a location for its $20 billion semiconductor and display plants in India by mid-June...

Pfizer to sell all its patented drugs at nonprofit price in low-income countries

Pfizer Inc will make all of its patented medicines including COVID-19 treatment Paxlovid and big-selling breast...

Tenders

PPRA website: Financial limit enhanced for uploading tenders

ISLAMABAD: A parliamentary panel was informed on Monday that after amendment in the Public Procurement Regulatory...

Uplift schemes, tender processes be accomplished on time: Nasir

KARACHI: Sindh Minister for Information & Local Government Nasir Hussain Shah has said that all the development...

Meeting of Women Council of ECO CCI: Delegates told about challenges SMEs face

KARACHI: Speaking at a meeting of the Women Council of ECO CCI through a video link, the representative of the ...

Budgets

South Korea parliament approves 34.9 trln won extra budget

SEOUL: South Korea's parliament on Saturday approved a 34.9 trillion won ($30.31 billion) supplementary budget to...

FY2020-21: Foreign debt of $14.282bn incurred from multiple sources: EAD

ISLAMABAD: Pakistan incurred foreign debt of $14.282 billion from multiple financing sources during fiscal year...

Rs12.6bn PU budget recommended for FY2021-2022

LAHORE: Punjab University Syndicate’s 1743rd meeting, presided over by Lahore High Court Chief Justice Justice...

Interest Rates

Experts react as SBP jacks up key interest rate

Action on the fiscal side by the government would decide future course

SBP raises key interest rate by 150 basis points, takes it to 13.75%

This is the highest interest-rate level in 11 years
SBP says external pressures remain elevated and inflation outlook has deteriorated due to both home-grown and international factors

Fed lifts rates by half point, biggest jump in 22 years

In a news conference after the release of the policy statement, Powell explicitly rules out raising rates by three-quarters of a percentage point in a coming meeting

Gainers
Losers
Leaders

Stock	Price
Bilal Fibres / May 25 Bilal Fibres Limited(BILF)	2.45 ▲ 0.40 (19.51%)
Grays Leasing / May 25 Grays Leasing Limited(GRYL)	3.48 ▲ 0.49 (16.39%)
Hira Textile / May 25 Hira Textile Mills Limited(HIRAT)	2.89 ▲ 0.35 (13.78%)
Shaheen Ins. / May 25 Shaheen Insurance Company Limited(SHNI)	3.20 ▲ 0.38 (13.48%)
Khurshid Spinning / May 25 Khurshid Spinning Mills Limited(KHSM)	11.65 ▲ 1.00 (9.39%)
Avanceon Ltd / May 25 Avanceon Limited(AVN)	74.41 ▲ 5.19 (7.50%)
Universal Network / May 25 Universal Network Systems Limited(GEMUNSL)	55.90 ▲ 3.90 (7.50%)
Dadex Eternit / May 25 Dadex Eternit Limited(DADX)	89.70 ▲ 6.25 (7.49%)
Octopus Digital / May 25 Octopus Digital Limited(OCTOPUS)	62.54 ▲ 4.36 (7.49%)
Shahtaj Textile / May 25 Shahtaj Textile Limited(STJT)	87.07 ▲ 6.07 (7.49%)

Stock	Price
Service Textile / May 25 Service Industries Textiles Limited(SERT)	9.06 ▲ -0.94 (-9.40%)
Huffaz Seamless / May 25 Huffaz Seamless Pipe Industries Limited(HSPI)	11.21 ▲ -0.97 (-7.96%)
Nagina Cot. / May 25 Nagina Cotton Mills Limited(NAGC)	89.63 ▲ -7.26 (-7.49%)
Sapphire Fib. / May 25 Sapphire Fibres Limited(SFL)	1011.01 ▲ -81.78 (-7.48%)
Pak Agro Pack. / May 25 Pak Agro Packaging Limited(GEMPAPL)	12.44 ▲ -1.00 (-7.44%)
Supernet Ltd. / May 25 Supernet Limited(GEMSPNL)	18.70 ▲ -1.50 (-7.43%)
Saif Textile / May 25 Saif Textile Mills Limited(SAIF)	21.29 ▲ -1.71 (-7.43%)
AL-Noor Sugar / May 25 Al-Noor Sugar Mills Limited(ALNRS)	48.20 ▲ -3.81 (-7.33%)
Dawood Lawrencepur / May 25 Dawood Lawrencepur Limited(DLL)	177.52 ▲ -13.43 (-7.03%)
Prosperity Weav / May 25 Prosperity Weaving Mills Limited(PRWM)	45.56 ▲ -3.44 (-7.02%)

Stock	Volume
Pak Refinery / May 25 Pakistan Refinery Limited(PRL)	21,151,676 ▼ 0.00
K-Electric Ltd. / May 25 K-Electric Limited(KEL)	15,051,000 ▼ 0.00
WorldCall Telecom / May 25 Worldcall Telecom Limited(WTL)	13,309,000 ▼ 0.00
Cnergyico PK / May 25 Cnergyico PK Limited(CNERGY)	12,718,144 ▼ 0.00
Ghani Glo Hol / May 25 Ghani Global Holdings Limited(GGL)	10,937,015 ▼ 0.00
Unity Foods Ltd / May 25 Unity Foods Limited(UNITY)	9,745,582 ▼ 0.00
TPL Properties / May 25 TPL Properties Limited(TPLP)	9,184,148 ▼ 0.00
Maple Leaf / May 25 Maple Leaf Cement Factory Limited(MLCF)	7,446,984 ▼ 0.00
Silk Bank Ltd / May 25 Silkbank Limited(SILK)	6,492,000 ▼ 0.00
Telecard Limited / May 25 Telecard Limited(TELE)	6,382,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 24	201.30
USD PKR Interbank Buying / May 24	201.10
USD to Japanese Yen / May 24	126.88
USD to Swiss Franc / May 24	0.96
Pound Sterling to USD / May 24	1.25
Euro to USD / May 24	1.07
UK LIBOR % / May 24	0.82

Stock	Volume
S&P 500 / May 24	3941.48
India Sensex / May 24	54052.61
Tokyo Nikkei / May 24	26748.14
Nasdaq / May 24	11264.45
Hang Seng / May 24	20112.10
FTSE 100 / May 24	7484.35
Dow Jones / May 24	31928.62
Germany DAX 30 / May 24	13919.75
France CAC40 / May 24	6253.14

Item	Value
Crude Oil USD/Barrel / May 24	110.54
Karachi Cotton PKR/37.32 KG / May 24	21180.00
Gold 10 Grams PKR / May 24	118500.00
Gold Spot USD/Ounce / May 24	1866.30
Cotton US¢/pound / May 24	123.78

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