News Archives for Pakistan - 2022-05-11 - Business Recorder

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May 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Pakistan - 2022-05-11

Bilawal writes to UN on illegal 'delimitation' exercise in IIOJK by India

Bilawal writes to UN on illegal 'delimitation' exercise in IIOJK by India

Foreign minister draws attention to ongoing Indian efforts to further marginalise, disempower and divide the Kashmiri population

Published 11 May, 2022 09:22pm

Problems created by Imran Khan cannot be fixed in few months: Maryam Nawaz

Problems created by Imran Khan cannot be fixed in few months: Maryam Nawaz

PML-N Vice-President says issue of foreign conspiracy merely an excuse as PTI wants to hide performance

Updated 11 May, 2022 08:53pm

Religious Ministry says 14,247 Hajj applications received in two days

Religious Ministry says 14,247 Hajj applications received in two days

Ministry says applications can be submitted till May 13

Published 11 May, 2022 06:48pm

PM Shehbaz meets Nawaz Sharif in London as economy stutters

PM Shehbaz meets Nawaz Sharif in London as economy stutters

Meeting comes as Pakistan's new govt faces the daunting task of managing a stuttering economy with huge deficits

Updated 11 May, 2022 10:37pm

Asif Ali Zardari advocates privatisation of State Life Insurance, power distribution companies

Asif Ali Zardari advocates privatisation of State Life Insurance, power distribution companies

Says 'out of the box' solutions needed to revive economy, stresses govt does not want to increase petroleum prices
Wants elections to be held only after electoral reforms

Updated 11 May, 2022 10:36pm

Dissident MNAs: ECP rejects PTI's plea

Dissident MNAs: ECP rejects PTI's plea

This comes after PTI sought disqualification of 20 MNAs under Article 63-A

Updated 11 May, 2022 08:26pm

PM Shehbaz condemns killing of Palestinian-American journalist

PM Shehbaz condemns killing of Palestinian-American journalist

Says silencing voices of those who tell stories of oppressed people is part of a deliberate strategy employed by Israel and India

Published 11 May, 2022 04:06pm

Khawaja Asif says elections possible before new army chief’s appointment in November

Khawaja Asif says elections possible before new army chief’s appointment in November

Also welcomes COAS Bajwa's decision not to seek extension

Updated 11 May, 2022 10:37pm

K-Electric refutes claims of 14-hour long load-shedding

K-Electric refutes claims of 14-hour long load-shedding

Says power shutdowns being conducted as per schedule

Updated 11 May, 2022 02:08pm

We will not let lies, propaganda get in way of valuable relations with Pakistan: US

We will not let lies, propaganda get in way of valuable relations with Pakistan: US

State Department spokesperson Ned Price says Washington values bilateral relationship with Islamabad

Updated 11 May, 2022 02:02pm

Summary seeking removal of Advocate General Punjab sent to CM

Summary seeking removal of Advocate General Punjab sent to CM

LAHORE: The provincial law and parliamentary affairs department on Tuesday sent a summary to the Chief Minister...

Published 11 May, 2022 04:58am

25 dissident Punjab MPAs: PTI’s plea seeking suspension of membership rejected by ECP

25 dissident Punjab MPAs: PTI’s plea seeking suspension of membership rejected by ECP

ISLAMABAD: Election Commission of Pakistan (ECP) on Tuesday rejected the request of Pakistan Tehreek-e-Insaf (PTI) ...

Published 11 May, 2022 04:58am

Violation of Article 63(g) more serious crime than defection: SC

Violation of Article 63(g) more serious crime than defection: SC

ISLAMABAD: The Supreme Court of Pakistan Tuesday noted that violation of Article 63(g) of the Constitution is more...

Published 11 May, 2022 04:58am

Sitara-i-Pakistan conferred on Prof Matsumura

Sitara-i-Pakistan conferred on Prof Matsumura

ISLAMABAD: Pakis-tan Charge d’ Affaires Ismat Hassan Sial, on behalf of the President of the Islamic Republic of...

Published 11 May, 2022 04:58am

Cheema rejects de-notification notice

Cheema rejects de-notification notice

LAHORE: Rejecting the Cabinet Division notification regarding his de-notification as Punjab Governor Omar Sarfraz...

Published 11 May, 2022 04:58am

Imran urges SC to take notice of Punjab Governor’s removal

Imran urges SC to take notice of Punjab Governor’s removal

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) chairman and former Prime Minister Imran Khan on Tuesday urged the Supreme...

Published 11 May, 2022 04:58am

Commission to investigate ‘regime change conspiracy’: Alvi says will forward former PM’s letter to PM and CJP

Commission to investigate ‘regime change conspiracy’: Alvi says will forward former PM’s letter to PM and CJP

ISLAMABAD: President Dr Arif Alvi Tuesday said he would forward the letter of former prime minister Imran Khan to...

Published 11 May, 2022 04:58am

PIDE, IRS sign MoU

PIDE, IRS sign MoU

ISLAMABAD: Pakistan Institute of Development Economics (PIDE) and the Institute of Regional Studies (IRS), Tuesday,...

Published 11 May, 2022 04:58am

AC records statement of prosecution witness in LNG case

AC records statement of prosecution witness in LNG case

ISLAMABAD: The Accountability Court on Tuesday recorded the statement of a prosecution witness in the Liquefied...

Published 11 May, 2022 04:58am

Dual nationals: Dissident PTI MNA causes considerable controversy

Dual nationals: Dissident PTI MNA causes considerable controversy

ISLAMABAD: In a highly controversial move which has raised many eyebrows, a dissident PTI MNA Noor Alam Khan –...

Published 11 May, 2022 04:58am

Ex-Sindh governor Ebad speaks to President

Ex-Sindh governor Ebad speaks to President

KARACHI: Former Sindh Governor Dr Ishratul Ebad Khan on Tuesday held a telephonic conversation with President Dr ...

Published 11 May, 2022 04:58am

Resignations of PTI MPs: Verification process gets under way, says NA Speaker

Resignations of PTI MPs: Verification process gets under way, says NA Speaker

ISLAMABAD: National Assembly Speaker Raja Pervaiz Ashraf Tuesday said that the verification process of resignations...

Published 11 May, 2022 04:58am

Pakistan condemns fanatic groups’ anti-Aazan move in Karnataka

Pakistan condemns fanatic groups’ anti-Aazan move in Karnataka

ISLAMABAD: Pakistan on Tuesday condemned in the strongest possible terms the highly deplorable incidents involving...

Published 11 May, 2022 04:58am

ECC raises question why Sindh allowed to buy additional wheat

ECC raises question why Sindh allowed to buy additional wheat

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet has directed Ministry of National Food Security ...

Published 11 May, 2022 04:58am

NIL programme: SMEDA seeks HEC’s project implementation support

NIL programme: SMEDA seeks HEC’s project implementation support

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) has sought support of the Higher Education...

Published 11 May, 2022 04:58am

Temperature will soar to 45C plus by 15th: PMD

Temperature will soar to 45C plus by 15th: PMD

LAHORE: Maximum temperature is set to witness 45 degree Celsius plus by 15th of May, said Pakistan Meteorological...

Published 11 May, 2022 04:58am

Hamza for finalising comprehensive price control policy

Hamza for finalising comprehensive price control policy

LAHORE: With focus on extending relief to the masses, Chief Minister Punjab Hamza Shehbaz on Tuesday asked the...

Published 11 May, 2022 04:58am

Minister spells out govt’s approach to Afghans entering Pakistan illegally

Minister spells out govt’s approach to Afghans entering Pakistan illegally

ISLAMABAD: Federal Minister for States and Frontier Regions (SAFRON) Senator Talha Mahmood on Tuesday said that...

Published 11 May, 2022 04:58am

‘Judiciary-like powers’ IHC issues notice to ECP

‘Judiciary-like powers’ IHC issues notice to ECP

ISLAMABAD: The Islamabad High Court (IHC) issued notices to the Election Commission of Pakistan (ECP) in a petition...

Published 11 May, 2022 04:58am

Chinese envoy, UK HC meet Bilawal

Chinese envoy, UK HC meet Bilawal

ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari on Tuesday received Chinese charge d’ affaires Pang Chunxue and...

Published 11 May, 2022 04:58am

Electronic monitoring of habitual criminals approved by Sindh cabinet

Electronic monitoring of habitual criminals approved by Sindh cabinet

KARACHI: The provincial cabinet has decided to affix electronic devices in the body of habitual offenders,...

Published 11 May, 2022 04:58am

NITL launches country’s first ‘social impact fund’

NITL launches country’s first ‘social impact fund’

KARACHI: National Investment Trust Limited (NITL) has introduced Pakistan’s first Social Impact Fund (NIT-SIF) to...

Published 11 May, 2022 04:58am

CPJ asks govt to drop inquiry against journalist

CPJ asks govt to drop inquiry against journalist

KARACHI: Pakistani authorities must immediately drop their inquiry into journalist Sami Abrahim and cease subjecting...

Published 11 May, 2022 04:58am

Overseas Pakistanis are biggest asset of country: FPCCI

Overseas Pakistanis are biggest asset of country: FPCCI

KARACHI: Irfan Iqbal Sheikh, President FPCCI, has emphasized that overseas Pakistanis are the biggest asset of the...

Published 11 May, 2022 04:58am

Drive to check vehicle tax evaders to begin on 16th

Drive to check vehicle tax evaders to begin on 16th

KARACHI: The Excise and Taxation (E&T) has finalized all arrangements to nab vehicle tax defaulters from May 16,...

Published 11 May, 2022 04:58am

CM sets deadline for completion of Orange Line BRTS project

CM sets deadline for completion of Orange Line BRTS project

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has directed Karachi Mass Transit Authority to complete remaining...

Published 11 May, 2022 04:58am

KP govt announces schedule for matric, intermediate exams

KP govt announces schedule for matric, intermediate exams

PESHAWAR: After a hiatus of two years, the Khyber Pakhtunkhwa government has announced a schedule for examinations ...

Published 11 May, 2022 04:58am

Articleship training to CA students: NBP joins hands with ICAP

Articleship training to CA students: NBP joins hands with ICAP

KARACHI: The National Bank of Pakistan (NBP) has joined hands with the Institute of Chartered Accountants of ...

Published 11 May, 2022 04:58am

Police attack case: Final arguments against Uzair Baloch on 14th

Police attack case: Final arguments against Uzair Baloch on 14th

KARACHI: Lyari gang war kingpin Uzair Baloch on Tuesday produced in an anti-terrorism court (ATC) in attack on a...

Published 11 May, 2022 04:58am

Asaan Mobile Account: SBP announces temporary waiver of OTP/CBC

Asaan Mobile Account: SBP announces temporary waiver of OTP/CBC

KARACHI: The State Bank of Pakistan (SBP) has announced a temporary waiver of One Time Password (OTP)/ Call Back...

Published 11 May, 2022 04:58am

L&DDD proposes Rs5.5bn ADP

L&DDD proposes Rs5.5bn ADP

LAHORE: The Livestock and Dairy Development Department (L&DDD) has proposed Rs5.5 billion Annual Development...

Published 11 May, 2022 04:58am

PTA begins accepting applications for LPWAN licence to proliferate usage of IoTs

PTA begins accepting applications for LPWAN licence to proliferate usage of IoTs

ISLAMABAD: Pakistan Telecommunication Authority (PTA) has started accepting applications for Low Power Wide Area...

Published 11 May, 2022 04:58am

Mega corruption cases: NAB chairman reviews emerging updates

Mega corruption cases: NAB chairman reviews emerging updates

LAHORE: National Accountability Bureau (NAB) Chairman Javed Iqbal on Tuesday visited the bureau’s Lahore...

Published 11 May, 2022 04:58am

Wahab calls for using Norwegian experience, expertise in urban development

Wahab calls for using Norwegian experience, expertise in urban development

KARACHI: Administrator Karachi Barrister Murtaza Wahab on Tuesday said that much work could be done, especially in...

Published 11 May, 2022 04:58am

First-ever digital census: PBS working extensively to meet challenging timelines

First-ever digital census: PBS working extensively to meet challenging timelines

ISLAMABAD: First meeting of the Census Monitoring Committee constituted in pursuance of decision taken in 49th...

Published 11 May, 2022 04:58am

USC clarifies

USC clarifies

ISLAMABAD: Utility Stores Corporation of Pakistan has issued clarification regarding the increase in prices. The...

Published 11 May, 2022 04:58am

UHS to open Telemedicine dept at SIMS

UHS to open Telemedicine dept at SIMS

LAHORE: The University of Health Sciences (UHS) will open its Telemedicine department at the Services Institute of...

Published 11 May, 2022 04:58am

Murad opens e-stamping system

Murad opens e-stamping system

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that the establishment of an e-stamping system would plug...

Published 11 May, 2022 04:58am

Fesco installs 106,000 new meters in 4 months

Fesco installs 106,000 new meters in 4 months

FAISALABAD: The installation of more than 106,000 new domestic, commercial and industrial meters has been completed...

Published 11 May, 2022 04:58am

The Weather

The Weather

KARACHI: The weather report on Tuesday (May 10, 2022) and the forecast for Wednesday (May 11, 2022)....

Published 11 May, 2022 04:58am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
Dow Jones / May 15	39908
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26
Hang Seng / May 16	19336.77
FTSE 100 / May 16	8411.75
Germany DAX 30 / May 16	18842.52

Item	Value
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2388.50
Cotton US¢/pound / May 16	76.84
Petrol/Litre / May 17	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Revision of buyback rates: PM directs Nepra, PD to amend net metering rules

Revision of buyback rates: PM directs Nepra, PD to amend net metering rules

Non-filers: FBR proposes WHT raise on cash withdrawal from banks

Non-filers: FBR proposes WHT raise on cash withdrawal from banks

PD gets PM’s nod for power tariff hike

PD gets PM’s nod for power tariff hike

NAB laws case: hearing adjourned without Imran Khan speaking

NAB laws case: hearing adjourned without Imran Khan speaking

Pakistani companies with market cap of over $1bn at PSX

Pakistani companies with market cap of over $1bn at PSX

Petrol price slashed by Rs15.39, HSD’s by Rs7.88

Petrol price slashed by Rs15.39, HSD’s by Rs7.88

Currency outlook

Currency outlook

Juices, cigarettes prime focus: Govt plans to rationalise FED regime in budget

Juices, cigarettes prime focus: Govt plans to rationalise FED regime in budget

Gold price per tola jumps Rs1,600 in Pakistan

Gold price per tola jumps Rs1,600 in Pakistan