News Archives for Print - 2021-05-07

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Print - 2021-05-07

Housing sector to fuel economy, create jobs: PM

LAHORE: Terming the government’s low-cost housing initiative a beginning of a revolution in the country, Prime...

Updated 07 May, 2021 10:05am

Tarin covers a lot of targeted subsidy ground

ISLAMABAD: Federal Minister for Finance and Revenue, Shaukat Tarin Thursday convened a meeting to finalize ...

Updated 07 May, 2021 10:05am

SSUET, e-Creatorz sign agreement

KARACHI: Sir Syed University of Engineering & Technology (SSUET) signed an agreement with e-Creatorz (EC) that...

Updated 07 May, 2021 10:05am

PBIF urges govt to resolve GSP Plus issue through diplomacy

KARACHI: Chairman of National Business Group and President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian...

Updated 07 May, 2021 10:05am

ILMA holds webinar on ‘Leadership Development’

KARACHI: ILMA University pushed the limits of human potential with its free webinar on ‘Leadership Development’...

Updated 07 May, 2021 10:05am

MMBL secures ‘Positive Outlook’ rating by Pacra

ISLAMABAD: Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has registered an...

Updated 07 May, 2021 10:04am

Eidul Fitr: Parks, zoo, recreational facilities managed by KMC to remain closed

KARACHI: All parks, zoo, safari park, sports complexes and other recreational facilities managed by KMC will remain...

Updated 07 May, 2021 10:04am

Business centres to remain open today: Sindh govt orders closure of shops including grocery stores at 6pm

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Thursday decided to close all the shops, including groceries...

Published 07 May, 2021 04:35am

PACRA assigns InfraZamin Pakistan ‘AAA’ credit rating

KARACHI: InfraZamin Pakistan Limited has been assigned the highest credit ratings possible by the Pakistan Credit...

Published 07 May, 2021 04:35am

SpaceX successfully lands Starship rocket

WASHINGTON: SpaceX managed to land its prototype Starship rocket at its Texas base without blowing it up on...

Updated 07 May, 2021 10:04am

22 Palestinians wounded

OCCUPIED JERUSALEM: Twenty-two Palestinians were wounded in overnight clashes with Israeli police in annexed east...

Updated 07 May, 2021 10:04am

Ugandan LRA commander ‘White Ant’ gets 25 years

THE HAGUE: The International Criminal Court on Thursday sentenced Dominic Ongwen, a Ugandan child soldier who became...

Updated 07 May, 2021 10:04am

EU opens ‘military mobility’ project to US, allies

BRUSSELS: EU defence ministers on Thursday approved the participation of NATO members the United States, Canada and...

Updated 07 May, 2021 10:04am

Microsoft pledges to store European cloud data in EU

PARIS: US tech giant Microsoft pledged Thursday to process and store all European cloud-based client data in the...

Updated 07 May, 2021 10:04am

Support grows for vaccine patent waiver as India sees record Covid deaths

WASHINGTON: International support grew Thursday for a US proposal to waive patents on much-needed coronavirus...

Updated 07 May, 2021 10:04am

Cairn dispute: India asks state banks to withdraw cash held abroad

NEW DELHI: India has asked state-run banks to withdraw funds from their foreign currency accounts abroad, two...

Published 07 May, 2021 04:35am

Air France-KLM pins hopes on summer after huge Covid losses

PARIS: Air France-KLM posted huge first-quarter losses on Thursday, pinning its hopes on a better summer to recover...

Updated 07 May, 2021 10:04am

Covid-19: School education crisis in Pakistan

‘Compared with the scale of South Asia’s first wave, which peaked in September, the second is shocking. …South...

Published 07 May, 2021 04:35am

Restructuring of tax system: a blueprint

“A comprehensive strategy had been formulated to shift the gear and move to higher economic growth. I do not...

Published 07 May, 2021 04:35am

Eid holidays: Ministry urged to waive 3 days’ double wages on seaports

KARACHI: Pakistan Stevedores Conference has requested the Ministry of Planning and Development for waiver of double...

Updated 07 May, 2021 10:06am

PTI moves ECP to declare NA-249 by-poll null, void

ISLAMABAD: The ruling Pakistan Tehreek-e-Insaf (PTI) on Thursday approached Election Commission of Pakistan (ECP) to...

Updated 07 May, 2021 10:06am

Country reports 108 more Covid-19 deaths

ISLAMABAD: Pakistan has reported 108 more coronavirus deaths and 4,198 Covid cases during the past 24 hours, on...

Published 07 May, 2021 04:35am

PSEB launches training program for IT professionals

ISLAMABAD: The Pakistan Software Export Board (PSEB), an entity of the Ministry of Information Technology and...

Updated 07 May, 2021 10:06am

Board exams to begin after June 15: Shafqat

ISLAMABAD: Federal Minister for Shafqat Mahmood on Thursday announced that board exams would begin in the country...

Updated 07 May, 2021 10:06am

Appointment of judges in BHC, LHC: President approves summary on PM’s advice

ISLAMABAD: President Arif Alvi, on the advice of the Prime Minister, approved the summary of appointment of judges ...

Updated 07 May, 2021 10:06am

President asks people to get vaccinated against Covid-19

ISLAMABAD: President Dr Arif Alvi has asked the people to get vaccinated against the Covid-19 to ensure safety...

Updated 07 May, 2021 10:06am

Five million houses: PTI’s promise turning into reality: Fawad

ISLAMABAD: Federal Minister for Information and Broadcasting Fawad Hussain on Thursday said the PTI government’s...

Updated 07 May, 2021 10:06am

Toshakhana case: AC records statement of prosecution witness

ISLAMABAD: The Accountability Court, on Thursday, recorded statement of a prosecution witness, a bank official, in...

Updated 07 May, 2021 10:06am

NTC to hold series of webinars

LAHORE: The National Technology Council (NTC) will hold a series of webinars on various facets of technology and the...

Updated 07 May, 2021 10:06am

APNS condemns drive against newspaper stalls

KARACHI: “The All Pakistan Newspapers Society (APNS) has been approached by Akhbar Farosh Federation, Karachi that...

Updated 07 May, 2021 10:06am

Pakistan reaffirms support to Palestinian cause

ISLAMABAD: The Foreign Office has reaffirmed Pakistan’s support for the Palestinian cause, reiterating the...

Updated 07 May, 2021 10:06am

Punjab reports 1,906 fresh corona cases, 68 deaths

LAHORE: The novel coronavirus continued to play havoc, as out of 16,762 Covid-19 tests conducted during the last 24...

Updated 07 May, 2021 10:06am

Zulfiqar Younus appointed Member FBR

ISLAMABAD: Federal Board of Revenue (FBR) has appointed Zulfiqar Younus, as Member FBR, (on promotion to BS-21)....

Updated 07 May, 2021 10:06am

PARTLY FACETIOUS: PM’s advice to diplomatic missions

“So what did you think of The Khan telling off our ambassadors on national television, oh and by the way an...

Published 07 May, 2021 04:35am

Southern B’stan package: Umar directs authorities to expedite power projects

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Asad Umar has directed relevant...

Updated 07 May, 2021 10:06am

Raja Pervez inquires after health of Fazl

ISLAMABAD: Former prime minister and senior leader of Pakistan Peoples Party (PPP) Raja Pervez Ashraf, Thursday,...

Updated 07 May, 2021 10:05am

All parties except PPP boycott ECP’s vote recount of NA-249

ISLAMABAD: All the political parties, barring Pakistan Peoples Party (PPP), that contested the recently held by-poll...

Updated 07 May, 2021 10:05am

Shehbaz meets Chinese ambassador

ISLAMABAD: PML-N President and National Assembly Opposition Leader Shehbaz Sharif visited Chinese High Commission ...

Updated 07 May, 2021 10:05am

British HC meets Shehbaz

ISLAMABAD: The British High Commissioner to Pakistan, Dr Christian Turner, met PML-N President and National Assembly...

Updated 07 May, 2021 10:05am

Electoral reforms: NA speaker forms parliamentary committee

ISLAMABAD: Speaker National Assembly Asad Qaiser constituted a five-member Parliamentary Committee to further the...

Updated 07 May, 2021 10:05am

President for preparing EVM model

ISLAMABAD: President Dr Arif Alvi has asked the concerned stakeholders to prepare a prototype of Electronic Voting...

Updated 07 May, 2021 10:05am

Covid-19 single-dose vaccine: NIH-packed CanSino to be available from month end

ISLAMABAD: Pakistan has started work on formulating and packing the single-dose CanSino Bio vaccine locally,...

Updated 07 May, 2021 10:05am

Yaumul Quds, Jummatul Wida: Police chalk out security plan

ISLAMABAD: The city police have chalked out a comprehensive security plan for Yumul Quds and Jummatul Wida, under...

Updated 07 May, 2021 10:05am

Buzdar hands over cheques of Rs32m to various bar associations

LAHORE: Punjab Chief Minister Sardar Usman Buzdar has handed over grant-in-aid cheques valuing Rs 32 million to...

Updated 07 May, 2021 10:05am

FY2020-21: NHA approves Rs42.567bn AMP

ISLAMABAD: The National Highways Authority (NHA)’s Executive Board has approved the annual maintenance plan (AMP)...

Updated 07 May, 2021 10:05am

Punjab Transmission & Despatch Company to be established: minister

LAHORE: The Punjab government has approved to set up the Punjab Transmission & Despatch Company (PTDC) to get ...

Updated 07 May, 2021 10:05am

Call to implement SOPs in Hyderabad

HYDERABAD: Divisio-nal Commissioner Hyderabad Muhammad Abbas Baloch has directed all concerned officers to ensure...

Updated 07 May, 2021 10:05am

‘Manipulation’ in Drug Pricing Policy 2018: TIP draws attention of Dr Faisal towards issue

KARACHI: Transparency International Pakistan (TIP) has drawn the attention of Dr. Faisal Sultan, special assistant ...

Updated 07 May, 2021 10:05am

Tarin’s road map – the way forward for Pakistan

The proposals made by the new Finance Minister Shaukat Tarin are valid, and it is time to seriously work towards...

Published 07 May, 2021 04:35am

Stocks

IHC lifts Abu Dhabi as major Gulf markets mixed

DUBAI: Major Gulf stock markets were mixed on Thursday, with the Abu Dhabi index rising after aquaculture firm...

Published 07 May, 2021 04:35am

Stocks

European shares down

AMSTERDAM/LONDON: European stocks edged lower on Thursday, with the travel sector leading declines on weak results...

Published 07 May, 2021 04:35am

Stocks

China stocks down

SHANGHAI: China stocks fell on Thursday on Sino-West tensions and as healthcare firms declined following ...

Published 07 May, 2021 04:35am

Stocks

Thursday’s early afternoon trade: Dow hits record high

NEW YORK: The Dow Jones Industrials hit a record high on Thursday, as economically sensitive stocks rose after an...

Published 07 May, 2021 04:35am

Stocks

Dow at record high, Nasdaq falls

NEW YORK: The Dow Jones Industrial Average ended at a record high on Wednesday, driven higher by energy and other...

Published 07 May, 2021 04:35am

Stocks

Indian shares up

BENGALURU: Indian shares climbed on Thursday to a one-week closing high, as gains in IT and metal companies after...

Published 07 May, 2021 04:35am

Stocks

Japanese shares up

TOKYO: Japanese shares gained on Thursday to mark their biggest percentage gain in two weeks, as investors scooped ...

Published 07 May, 2021 04:35am

Stocks

FTSE 100 hits over 1-year high

LONDON: London’s FTSE 100 hit a more than one-year high on Thursday, boosted by heavyweight consumer staple stocks...

Published 07 May, 2021 04:35am

Investment of assets in govt securities: SECP decides to revise procedure for insurance firms

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to revise procedure for the...

Published 07 May, 2021 04:35am

Major changes in Kamyab Jawan Programme on the cards: SAPM

ISLAMABAD: The federal government has decided to make major changes in the Kamyab Jawan Programme (KJP), planning to...

Published 07 May, 2021 04:35am

The Weather

KARACHI: The weather report on Thursday (May 6, 2021) and the forecast for Friday (May 7, 2021)....

Published 07 May, 2021 04:35am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Thursday (May 6, 2021)....

Published 07 May, 2021 04:35am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on...

Published 07 May, 2021 04:35am

Stocks

Last date of renunciation/payment

KARACHI: Last dates of renunciation/payment....

Published 07 May, 2021 04:35am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 07 May, 2021 04:35am

Letters

EVMs to improve democracy?

The PTI government has paved the way for electoral reforms by clearing two ordinances relating to Electronic Voting...

Published 07 May, 2021 04:35am

Facebook confronts human rights dilemma on political speech

Facebook Inc oversight board’s extension of former US President Donald Trump’s banishment from the social ...

Published 07 May, 2021 04:35am

Rates.BR Index

PSX rally continues: BRIndex100 strengthens

KARACHI: Pakistan Stock Exchange Thursday witnessed another bullish session on the last day before long Eid holidays...

Published 07 May, 2021 04:35am

Energy

Tarbela hydropower project: Wapda awards $354.6m contract to PCCCL

LAHORE: The Pakistan Water and Power Development Authority (Wapda) has awarded a contract worth $354.6 million for...

Published 07 May, 2021 04:35am

Energy

Oil prices fall on worries of pandemic surge in India

NEW YORK: Oil prices settled lower on Thursday, reversing early gains under pressure from rising Covid-19 infections...

Published 07 May, 2021 04:35am

Cotton & Textile

New York cotton

NEW YORK: The following were the fluctuations observed during the day:...

Published 07 May, 2021 04:35am

Cotton & Textile

ICE cotton futures jump 3pc

NEW YORK: ICE cotton futures rose as much as 3% on Thursday to their highest in a week on concerns over lower...

Published 07 May, 2021 04:35am

Commodities

Aluminium extends rally as China-Australia spat deepens

LONDON: Aluminium on Thursday approached levels not achieved since 2018, closing in on $2,500 a tonne as positive...

Published 07 May, 2021 04:35am

Commodities

Palm oil closes at 13-year high

KUALA LUMPUR: Malaysian palm oil futures climbed more than 4% on Thursday to touch their highest level since 2008, ...

Published 07 May, 2021 04:35am

Commodities

Gold prices move up in Asia

SINGAPORE: Gold prices rose in Asian trade on Thursday as a pullback in the US dollar and Treasury yields lifted...

Published 07 May, 2021 04:35am

Commodities

Gold gains in Europe

AMSTERDAM/LONDON: Gold rose for a second straight session on Thursday after the dollar retreated, as investors...

Published 07 May, 2021 04:35am

Commodities

US MIDDAY: Corn hits new 8-year peak

CHICAGO: Chicago Board of Trade corn futures extended a rally early on Thursday above eight-year highs as dry ...

Published 07 May, 2021 04:35am

Commodities

US MIDDAY: Gold races past $1,800 mark

NEW YORK: Gold jumped over 1% on Thursday with a weaker dollar and easing Treasury yields propelling it over the key...

Published 07 May, 2021 04:35am

Commodities

Canadian Natural Resources profit soars

BENGALURU: Canadian Natural Resources Ltd reported a near seven-fold rise in first-quarter profit from the fourth on...

Published 07 May, 2021 04:35am

Commodities

China’s super-charged buying reshapes copper market

LONDON: China’s net imports of refined copper surged by 38% to 4.4 million tonnes last year, breaking all...

Published 07 May, 2021 04:35am

Commodities

BD gets offers in 50,000 tonne of wheat tender

HAMBURG: Bangladesh’s state grains buyer received a lowest offer of $324.90 a tonne CIF liner out in an...

Published 07 May, 2021 04:35am

Commodities

Some commodity producers lagging the rallies in red-hot metals

CHICAGO: The global rally in commodities has seen some like copper and iron ore probe record highs, but when it ...

Published 07 May, 2021 04:35am

Commodities

PMEX daily trading report

KARACHI: On Wednesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 11.037...

Published 07 May, 2021 04:35am

Cotton & Textile

Ivory Coast 2021/22 cotton output likely to hit record high

ABIDJAN: Ivory Coast’s cotton output for the 2021/22 season is projected to reach a record 580,000 tonnes, up 4%...

Published 07 May, 2021 04:35am

Commodities

South Korea’s NOFI tenders to buy up to 276,000 tonnes of corn

HAMBURG: South Korean animal feedmaker Nonghyup Feed Inc. (NOFI) has issued an international tender to purchase up ...

Published 07 May, 2021 04:35am

Energy

Asia’s gasoline crack drops after recent gains

SINGAPORE: Asia’s gasoline crack fell on Thursday, extending losses from a more than one-week high on Tuesday ...

Published 07 May, 2021 04:35am

Rates.Ports

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 106,961 tons of cargo comprising 69,683 Tones of import cargo and 37,278 ...

Published 07 May, 2021 04:35am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Thursday (May 6, 2021)....

Published 07 May, 2021 04:35am

Cotton & Textile

Spot rate unchanged amid slow business

KARACHI: The sluggish trend remained continued in the local cotton market on Thursday. Market sources told that...

Published 07 May, 2021 04:35am

Rates.LME

LME official prices

LONDON: The following were Wednesday official prices....

Published 07 May, 2021 04:35am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (May 6, 2021)...

Published 07 May, 2021 04:35am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (May 6, 2021). ======================================= Offset ...

Published 07 May, 2021 04:35am

Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 6, 2021)....

Published 07 May, 2021 04:35am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (May 6, 2021). ======================== Bid Rate Rs...

Published 07 May, 2021 04:35am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (May 6, 2021)....

Published 07 May, 2021 04:35am

Rates.The Rupee

THE RUPEE: Gains continue

KARACHI: On Thursday, PKR continued its gains against USD in both interbank and open markets going below 153. It ...

Published 07 May, 2021 04:35am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (May 6, 2021)....

Published 07 May, 2021 04:35am

Rates

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 07 May, 2021 04:35am

Rates.BR Index

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (May 6, 2021). ==================================== BR...

Published 07 May, 2021 04:35am

Rates.PSX

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 07 May, 2021 04:35am

Rates.PSX

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 07 May, 2021 04:35am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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