Companies

Pakistan Post Office: KE urges govt to help it recover Rs4.8bn

ISLAMABAD: K-Electric (KE) has sought help from Finance Division for recovery of outstanding consumer collection of...

Published 22 Mar, 2023 06:24am

Companies

IGI Life Insurance to launch pension fund with Mahaana Wealth as investment advisor

IGI Life Insurance is set to launch a pension fund in partnership with Mahaana Wealth, Pakistan’s first digital...

Published 22 Mar, 2023 04:15am

Companies

US seeks to prevent China from benefiting from $52bn chips funding

WASHINGTON: The US Commerce Department on Tuesday released proposed rules to prevent $52 billion in semiconductor...

Published 21 Mar, 2023 07:13pm

BYD reduces shifts at two EV assembly plants in China

SHANGHAI: BYD has reduced shifts at two auto assembly plants in China, people with knowledge of the matter told...

Published 21 Mar, 2023 02:40pm

Companies

Mercedes-Benz: remains to be seen how national courts interpret ECJ ruling

BERLIN: Carmaker Mercedes-Benz said on Tuesday that it remains to be seen how a European Court of Justice (ECJ)...

Published 21 Mar, 2023 02:36pm

Companies

Emirates head says air traffic curbs hurt Indian airlines

NEW DELHI: The head of Emirates said Indian airlines would lose financially as a result of traffic quotas between...

Updated 21 Mar, 2023 02:42pm

Companies

Auto sector woes: Hinopak suspends assembly plant operation

Cites hurdles in opening Letters of Credit for import of raw materials as reason

Updated 21 Mar, 2023 03:46pm

Companies

TPN honours IMC with several awards

KARACHI: The Professionals Network (TPN) has honored the Indus Motor Company (IMC) with awards in multiple ...

Published 21 Mar, 2023 06:29am

Companies

Amazon to cut 9,000 jobs in second round of layoffs

Amazon.com Inc said on Monday it would cut 9,000 jobs, making it the latest Big Tech company to announce a second...

Published 20 Mar, 2023 09:17pm

Companies

Ghandhara Tyre suspends operations as economic turmoil takes toll

Company says hindrance in securing LCs has severely disrupted supply chain

Updated 20 Mar, 2023 03:17pm

Companies

Meri Pharmacy’s CEO Adil Naeem discusses simplifying healthcare

Pharmacies can aid society, but can a society trust a pharmacy with its healthcare? In Pakistan, we are used to...

Published 17 Mar, 2023 07:08pm

Microsoft seeks EU nod for Activision Blizzard bid with new offer

BRUSSELS: Microsoft said on Friday that it has offered formal commitments to the EU in its bid to persuade the bloc...

Published 17 Mar, 2023 06:58pm

Companies

Pak Suzuki shuts motorcycle production till end March amid inventory shortage

Plant will be closed from March 20 to March 31

Updated 17 Mar, 2023 07:25pm

Energy

OGRA allows Hi-Tech Lubricants to operate new oil storage facility in KP

Regulator also allows company to sell petroleum products through up to 35 fuel stations in the province

Updated 17 Mar, 2023 07:36pm

Companies

Mazda to appoint former North America head Moro as next CEO

TOKYO: Mazda Motor Corp will appoint 40-year company veteran Masahiro Moro as its new president and CEO, the...

Published 17 Mar, 2023 12:24pm

Companies

Agriculture sector: Mastercard to partner with Digitt+ to promote financial inclusion

KARACHI: The Akhtar Fuiou Technologies (AFT) has signed an agreement with Mastercard underlining its commitment to...

Published 17 Mar, 2023 06:15am

Companies

PNSC, ENAR Petroleum Refining Facility sign MoU

KARACHI: In pursuance to explore avenues for reduction in operational costs of the corporation, a Memorandum of...

Published 17 Mar, 2023 06:15am

Companies

Jazz’s revenue down 2.6pc in USD despite 24.3pc YoY growth in revenues in PKR

ISLAMABAD: Despite a 24.3 percent year-on-year (YoY) growth in overall revenues in local currency, Jazz’s revenue...

Published 17 Mar, 2023 06:15am

Microsoft unveils AI for its office suite in increased competition with Google

Microsoft Corp on Thursday trumpeted its latest plans to put artificial intelligence into the hands of more users,...

Published 16 Mar, 2023 09:04pm

Companies

UAF enrolls TMC for digital transformation with SAP S/4HANA

With the adoption of SAP S/4HANA, the University of Agriculture Faisalabad (UAF) is paving the way for educational...

Updated 17 Mar, 2023 04:49pm

IT and Computers

Pakistan's edtech startup Maqsad says it has raised $2.8mn in seed funding

Funding takes its total capital raised to $4.9mn

Published 16 Mar, 2023 01:33pm

Companies

Tree Plantation Drive: Nestlé to plant 100,000 trees across country

Nestlé Pakistan announced planting 100,000 trees this year around the areas it operates to support its endeavours to...

Published 16 Mar, 2023 12:29pm

Companies

SPL announces 2022 financial results

KARACHI: The Board of Directors of Shell Pakistan Limited (SPL) has announced the company’s financial results for...

Published 16 Mar, 2023 06:01am

Companies

‘Gold Sponsor’ Alibaba concludes its participation in Textile Asia fair

KARACHI: Alibaba, an ecommerce giant, has concluded its participation as Gold Sponsor in the 24th edition of South...

Published 16 Mar, 2023 06:01am

Companies

BMW promises stable prices, sees 8-10% auto margin in 2023

BERLIN: BMW forecast on Wednesday an 8-10% margin for its autos segment in 2023 and said it plans to keep prices at...

Published 15 Mar, 2023 02:33pm

Companies

Samsung Electronics to invest $230bn through 2042 in South Korea chipmaking base

SEOUL: South Korean tech giant Samsung Electronics expects to invest $230 billion over the next 20 years to develop...

Published 15 Mar, 2023 10:11am

Companies

Zara owner Inditex posts record profit

MADRID: Zara owner Inditex, the world’s biggest fashion retailer, reported record profits for 2022 despite halting...

Published 15 Mar, 2023 03:53pm

Companies

‘Localisation for growth’ KE, Nutshell Group host National Policy Dialogue

KARACHI: K-Electric Limited, in collaboration with Nutshell Group, jointly hosted a National Policy Dialogue on...

Published 15 Mar, 2023 06:01am

Companies

TPL Life launches virtual platform for insurance agents

KARACHI: TPL Life Insurance Limited, Pakistan’s 1st InsurTech enterprise in the innovative insurance business, has...

Published 15 Mar, 2023 06:01am

Companies

Lotte Chemical to suspend plant operations today

KARACHI: The Lotte Chemical Pakistan Limited has decided to temporarily suspend its plant operations from Wednesday...

Published 15 Mar, 2023 06:01am

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Co / Mar 22 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.79 ▲ 0.09 (12.86%)
Hinopak Motor / Mar 22 Hinopak Motors Limited(HINO)	219.45 ▲ 15.05 (7.36%)
Data Textile / Mar 22 Data Textiles Limited(DATM)	3.66 ▲ 0.22 (6.40%)
Dewan Farooque Sp. / Mar 22 Dewan Farooque Spinning Mills Limited(DFSM)	3.05 ▲ 0.13 (4.45%)
Sapphire Textile / Mar 22 Sapphire Textile Mills Limited(SAPT)	1099.99 ▲ 45.73 (4.34%)
Mehran Sugar / Mar 22 Mehran Sugar Mills Limited(MRNS)	35.95 ▲ 1.45 (4.20%)
D.S. Ind. Ltd. / Mar 22 D.S. Industries Limited(DSIL)	2.35 ▲ 0.09 (3.98%)
Tri-Star Power / Mar 22 Tri-Star Power Limited(TSPL)	12.95 ▲ 0.46 (3.68%)
Pace (Pak) Ltd. / Mar 22 Pace (Pakistan) Limited(PACE)	2.65 ▲ 0.09 (3.52%)
Jubile Life InsXD / Mar 22 Jubilee Life Insurance Company Limited(JLICL)	120 ▲ 4.00 (3.45%)

Stock	Price
Jubilee Spinning / Mar 22 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.90 ▼ -0.51 (-14.96%)
Kohinoor Power / Mar 22 Kohinoor Power Company Limited(KOHP)	3.62 ▼ -0.37 (-9.27%)
Escorts Bank / Mar 22 Escorts Investment Bank Limited(ESBL)	3.16 ▼ -0.32 (-9.20%)
Samba Bank / Mar 22 Samba Bank Limited(SBL)	7 ▼ -0.60 (-7.89%)
Quetta Textile / Mar 22 Quetta Textile Mills Limited(QUET)	15.75 ▼ -1.27 (-7.46%)
JS Global Cap. / Mar 22 JS Global Capital Limited(JSGCL)	300.10 ▼ -23.90 (-7.38%)
Premium Textile / Mar 22 Premium Textile Mills Limited(PRET)	420.10 ▼ -30.91 (-6.85%)
Dawood Lawrencepur / Mar 22 Dawood Lawrencepur Limited(DLL)	205 ▼ -12.43 (-5.72%)
AL-Abbas Sugar / Mar 22 Al-Abbas Sugar Mills Limited(AABS)	373.10 ▼ -20.89 (-5.30%)
Yousuf Weaving / Mar 22 Yousaf Weaving Mills Limited(YOUW)	3.41 ▼ -0.15 (-4.21%)

Stock	Volume
Fauji Cement / Mar 22 Fauji Cement Company Limited(FCCL)	13,347,500 ▼ -0.05
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	6,046,419 ▲ 0.02
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,848,036 ▼ -0.05
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	4,691,640 ▼ -0.17
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▲ 0.03
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▲ 0.06
TPL Properties / Mar 22 TPL Properties Limited(TPLP)	4,391,678 ▲ 0.01
Ghani Glo Hol / Mar 22 Ghani Global Holdings Limited(GGL)	4,311,148 ▲ 0.15
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	4,273,685 ▲ 0.04
Loads Limited / Mar 22 Loads Limited(LOADS)	4,188,000 ▼ -0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	283.70
USD PKR Interbank Buying / Mar 22	283.25
USD to Japanese Yen / Mar 21	132.38
USD to Swiss Franc / Mar 21	0.92
Pound Sterling to USD / Mar 21	1.22
Euro to USD / Mar 21	1.08
UK LIBOR % / Mar 21	4.56

Stock	Volume
S&P 500 / Mar 21	4002.87
Tokyo Nikkei / Mar 21	26945.67
Nasdaq / Mar 21	11860.11
Hang Seng / Mar 21	19258.76
FTSE 100 / Mar 21	7536.22
Dow Jones / Mar 21	32560.60
Germany DAX 30 / Mar 21	15195.34
France CAC40 / Mar 21	7112.91
India Sensex / Mar 22	58196.91

Item	Value
Crude Oil USD/Barrel / Mar 21	69.33
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 21	177726
Gold Spot USD/Ounce / Mar 21	1943.10
Cotton US¢/pound / Mar 21	77.85

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