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Print - 2021-06-12

2021-221

Growth-focused budget: IMF acquiescence, not consent?

• Rs8.49trn FY22 outlay is based on 4.8pc growth target and increased spending on public sector development • ...

Published 12 Jun, 2021 06:04am

Budgets

KP business community terms Budget FY22 balanced

PESHAWAR: Business community here on Friday termed the federal budget for fiscal year 2021-22, as a 'balanced',...

Updated 12 Jun, 2021 05:36am

PML-N lawmakers tasked with blocking passage of budget

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) President and Leader of Opposition in the National Assembly Shehbaz...

Published 12 Jun, 2021 05:04am

Guard killed, Rs8m looted in Hyderabad bank heist

HYDERABAD: A security guard was killed while trying to foil a heist at a private bank branch in Hyderabad on Friday....

Published 12 Jun, 2021 05:04am

Two killed, including child, in Florida shooting

MIAMI: Two people including a child were shot dead in a grocery store in Florida on Thursday, the latest in a series...

Published 12 Jun, 2021 05:04am

2021-222

Power subsidies raised by over 300pc

ISLAMABAD: The federal government has increased power sector subsidies by over 300 percent to Rs 510 billion for...

Published 12 Jun, 2021 05:04am

LHC dismisses sugar mills petition

LAHORE: The Lahore High Court (LHC) on Friday dismissed a petition of JDW Sugar Mills, owned by Pakistan...

Published 12 Jun, 2021 05:04am

2021-225

Allocation for defence raised by 6.2percent

ISLAMABAD: Allocation for defence for Fiscal Year 2021-22 has been raised by 6.2 percent, from Rs1.292 trillion in...

Published 12 Jun, 2021 05:04am

Educational centres: Punjab to announce summer vacations within two weeks

LAHORE: The Punjab government on Friday said summer vacations will be announced within two weeks, as the intense ...

Published 12 Jun, 2021 05:04am

G7 leaders convene summit drive for billion jabs

CARBIS BAY, (United Kingdom): G7 leaders Friday opened their first in-person talks in nearly two years, touting an...

Published 12 Jun, 2021 05:04am

2021-224

Around Rs506bn taxation measures unveiled

ISLAMABAD: The government has taken measures of around Rs506 billion, including taxation measures of Rs264 billion...

Published 12 Jun, 2021 05:04am

Courts dispose of Tareen's, son's bail petitions as withdrawn

LAHORE: Two sessions courts here Friday disposed of bail petitions of former Secretary Pakistan Tehreek-e-Insaf...

Published 12 Jun, 2021 05:04am

The Weather

KARACHI: The weather report on Friday (June 11, 2021) and the forecast for Saturday (June 12, 2021)....

Published 12 Jun, 2021 05:04am

2021-2217

Textile sector takes a dim view of FY22 budget

KARACHI: The textile sector has termed the measures, announced by the government in the budget, as insufficient for ...

Published 12 Jun, 2021 05:04am

Professor gunned down in Karachi

KARACHI: A private engineering college's educator has been gunned down by unidentified assailants on a motorcycle...

Published 12 Jun, 2021 05:04am

2021-227

17pc GST on sales via online marketplace

ISLAMABAD: The sales of goods through an online marketplace have been subjected to 17 percent sales tax by...

Published 12 Jun, 2021 05:04am

No relief for poor in budget: PML-N

LAHORE: Pakistan Muslim League-Nawaz (PML-N) has rejected budget 2021-22, saying the incompetent government has...

Published 12 Jun, 2021 05:04am

Rover leaves 'China's imprint' on Mars

BEIJING: Solar panel "wings" spread out and two camera "eyes" pointing ahead, China's Mars rover Zhurong struck a...

Published 12 Jun, 2021 05:04am

2021-226

Disposal of cars prior to registration: Concept of additional tax to curb 'on money' introduced

ISLAMABAD: The Finance Bill 2021-22 has introduced the concept of additional tax on disposal of vehicles prior to ...

Published 12 Jun, 2021 05:04am

Monsoon: CM for arrangements to meet threat of flood

LAHORE: Chief Minister Punjab Sardar Usman Buzdar visited Head Qadirabad Barrage, to review the inflow and outflow ...

Published 12 Jun, 2021 05:04am

Rates.PSX

BOARD MEETINGS

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

Published 12 Jun, 2021 05:04am

Rates.EFU

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Friday (June 11, 2021). ======================== Offer Price...

Published 12 Jun, 2021 05:04am

Letters

'Grappling with climate change'

This is apropos a Business Recorder editorial "Grappling with climate change" carried by the newspaper on Thursday....

Published 12 Jun, 2021 05:04am

Rates.EFU

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Friday (June 11, 2021). ======================== Offer Price 2,078.3506...

Published 12 Jun, 2021 05:04am

Energy

Exports of gasoline from Asia to US rebounded

NEW DELHI/SINGAPORE: Exports of gasoline and blend stocks from Asia to the United States rebounded in May from ...

Published 12 Jun, 2021 05:04am

Rates.KIBOR

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (June 11, 2021). ========================== KIBOR...

Published 12 Jun, 2021 05:04am

Rates.LME

LME official prices

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

Published 12 Jun, 2021 05:04am

Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...

Published 12 Jun, 2021 05:04am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Friday (June 11, 2021)....

Published 12 Jun, 2021 05:04am

Rates.PSX

Proposed right issues

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

Published 12 Jun, 2021 05:04am

Rates.Banks

Barclays bid rates and maximum rates for payment of interest

KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than...

Published 12 Jun, 2021 05:04am

Rates.EFU

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Friday (June 11, 2021). ======================== Offer Price...

Published 12 Jun, 2021 05:04am

Centre not giving promised money to provinces, claims PPPP

ISLAMABAD: The Pakistan People's Party Parliamentarians (PPPP) information secretary Shazia Atta Marri said the...

Published 12 Jun, 2021 05:04am

Rates.JLI

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Friday (June 11, 2021). ======================== Offer Price 1,481.9768...

Published 12 Jun, 2021 05:04am

Stocks

European stocks hit record peak

AMSTERDAM/LONDON: European stocks scaled a record high on Friday, buoyed by hopes that major central banks will...

Published 12 Jun, 2021 05:04am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (June 11,...

Published 12 Jun, 2021 05:04am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (June 11, 2021)....

Published 12 Jun, 2021 05:04am

Stocks

Electronic/credit of dividend warrants/bonus/right share certificates

KARACHI: Electronic/credit of dividend warrants/bonus/right share certificates....

Published 12 Jun, 2021 05:04am

Rates.EFU

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Friday (June 11, 2021). ======================== Offer Price...

Published 12 Jun, 2021 05:04am

Rates.BR Index

PSX manages gains: BRIndex100 slightly up

KARACHI: Pakistan Stock Exchange Friday witnessed a mixed trend as the investors remained cautious ahead of the...

Published 12 Jun, 2021 05:04am

Rates.EFU

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Friday (June 11, 2021). ======================== Offer Price 384.9707...

Published 12 Jun, 2021 05:04am

Energy

Asia's naphtha crack drops on near-term demand

SINGAPORE Asia's naphtha crack extended declines on Thursday, falling to a two-week low, after cracker turnarounds ...

Published 12 Jun, 2021 05:04am

Stocks

Friday's midday trade: Wall Street flat with Fed meet in focus

NEW YORK: US stock indexes were flat on Friday as focus turned to next week's Federal Reserve meeting, while...

Published 12 Jun, 2021 05:04am

Rates.JLI

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Friday (June 11, 2021). ======================== Offer...

Published 12 Jun, 2021 05:04am

Rates.LIBOR

LIBOR calculating interest on US dollar

KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Friday (June 11, 2021)....

Published 12 Jun, 2021 05:04am

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 12 Jun, 2021 05:04am

Stocks

Last date of renunciation/payment

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

Published 12 Jun, 2021 05:04am

Forex

Exchange rates: buying and selling

KARACHI: Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (June 11,...

Published 12 Jun, 2021 05:04am

Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Friday (June 11, 2021). ======================== Offer Price 1,600.7810 Bid...

Published 12 Jun, 2021 05:04am

At least 23 pilgrims die in Khuzdar bus crash

KHUZDAR: A bus crammed with pilgrims coming back from a religious festival crashed in Khudar on Friday killing at...

Published 12 Jun, 2021 05:04am

Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Friday (June 11, 2021). ======================== Offer Price ...

Published 12 Jun, 2021 05:04am

Stocks

China stocks dip

SHANGHAI: China stocks ended lower on Friday, dragged down by liquor and financial firms, and posted a second...

Published 12 Jun, 2021 05:04am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 12 Jun, 2021 05:04am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (June 11, 2021). ======================== Bid Rate Rs...

Published 12 Jun, 2021 05:04am

Rates.BR Index

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (June 11, 2021). ==================================== BR...

Published 12 Jun, 2021 05:04am

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 12 Jun, 2021 05:04am

Rates.EFU

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Friday (June 11, 2021). ======================== Offer Price 477.9322...

Published 12 Jun, 2021 05:04am

Minister says zero forced loadshedding across country

ISLAMABAD: Federal Minister for Energy Hammad Azhar on Friday shared that there has been zero forced load shedding ...

Published 12 Jun, 2021 05:04am

Energy

Oil prices reach fresh multi-year highs

NEW YORK: Oil prices reached fresh multi-year highs on Friday, heading for a third straight week of gains on an...

Published 12 Jun, 2021 05:04am

Rates.JLI

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Friday (June 11, 2021). ======================== Offer...

Published 12 Jun, 2021 05:04am

Rates.SBP

Bill buying rates per unit of currency

KARACHI: Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank ...

Published 12 Jun, 2021 05:04am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (June 11, 2021)....

Published 12 Jun, 2021 05:04am

Rates.PSX

Dividend/Bonus Announcements

KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange....

Published 12 Jun, 2021 05:04am

Rates.EFU

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Friday (June 11, 2021). ======================== Offer Price 1,367.6602...

Published 12 Jun, 2021 05:04am

The G7 at Cornwall

The meetings of Group of Seven (G7) at Cornwall in the United Kingdom (UK) come at a very crucial time, primarily...

Published 12 Jun, 2021 05:04am

Rates.JLI

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Friday (June 11, 2021). ======================== Offer Price...

Published 12 Jun, 2021 05:04am

Rates.Ports

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 146,662 tonnes of cargo comprising 99,645 tonnes of import cargo and 47,017...

Published 12 Jun, 2021 05:04am

Rates.LIBOR

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Friday (June 11, 2021)....

Published 12 Jun, 2021 05:04am

Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 11, 2021)....

Published 12 Jun, 2021 05:04am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 12 Jun, 2021 05:04am

Rates.SBP

State Bank of Pakistan conversion rates

KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits

Published 12 Jun, 2021 05:04am

Rates.PSX

Clearing Schedule for T+2 System

KARACHI: Pakistan Stock Exchange's Clearing Schedule for T+2 System....

Published 12 Jun, 2021 05:04am

Rates.EFU

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Friday (June 11, 2021). ======================== Offer Price 1,620.6437...

Published 12 Jun, 2021 05:04am

Four PAF officers promoted

ISLAMABAD: The government has promoted four Pakistan Air Force (PAF) officers to the rank of Air Vice Marshal on...

Published 12 Jun, 2021 05:04am

Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Friday (June 11, 2021). ======================== Offer Price 1,238.5992 Bid...

Published 12 Jun, 2021 05:04am

Stocks

FTSE 100 posts best week in over a month

LONDON: London's FTSE 100 index ended higher on Friday, helped by gains in mining and financial stocks, while a...

Published 12 Jun, 2021 05:04am

Forex

Banks rates for currency notes (buying and selling)

KARACHI: The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on ...

Published 12 Jun, 2021 05:04am

Rates.The Rupee

THE RUPEE: Mixed behaviour again

KARACHI: On Friday, PKR again displayed mixed movement but in reverse. This time it went up against USD in interbank...

Published 12 Jun, 2021 05:04am

Commodities

Paris wheat steadies before USDA data

PARIS: Euronext wheat edged higher in afternoon trading on Thursday, recovering from an earlier one-week low, as...

Published 12 Jun, 2021 05:04am

Commodities

Gold slips in NY

NEW YORK: Gold prices slipped on Friday, hurt by a strengthening dollar as some investors bet that recent spikes in...

Published 12 Jun, 2021 05:04am

2021-06-12-03-38

ACD cut on goods falling under 2,436 tariff lines: RD on 80 non-essential, luxury items increased

ISLAMABAD: The Federal Board of Revenue (FBR) has increased the regulatory duties on the import of 80...

Published 12 Jun, 2021 05:04am

2021-06-12-03-38

Rs250bn set aside for BISP

ISLAMABAD: Benazir Income Support Programme (BISP) has seen an increase of 25 percent with the allocation of Rs 250...

Published 12 Jun, 2021 05:04am

Money & Banking

Reza Baqir appointed IFSB chairman

KARACHI: Governor State Bank of Pakistan Dr Reza Baqir has been appointed as the Chairman of the General Assembly of...

Published 12 Jun, 2021 05:04am

Budgets

Budget 2021-22: Rs42bn earmarked for Railways to meet losses

ISLAMABAD: The government has earmarked Rs42 billion grant for Pakistan Railways to meet the losses. According to...

Published 12 Jun, 2021 05:04am

Commodities

Colombia's coffee exports down

BOGOTA: Colombia exported 427,000 60-kg bags of washed arabica coffee in May, the national coffee federation said on...

Published 12 Jun, 2021 05:04am

Money & Banking

Early trade in New York: Dollar index gains, euro and pound fall

NEW YORK: The euro and sterling dipped against the dollar on Friday as investors bet interest rates would stay lower...

Published 12 Jun, 2021 05:04am

2021-06-12-03-38

WHT rates reduced to 10percent: Industry status for telecom sector proposed

ISLAMABAD: The government has proposed the industrial status for telecom sector, reduced withholding tax rates from...

Published 12 Jun, 2021 05:04am

2021-06-12-03-38

Unscheduled load-shedding: Top officials grilled by Nepra

ISLAMABAD: National Electric Power Regulatory Authority (Nepra), on Friday grilled top officials of Discos and KE ...

Published 12 Jun, 2021 05:04am

Budgets

KCCI terms budget growth-oriented

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) appreciated the proposed federal budget 2021-22, terming it...

Published 12 Jun, 2021 05:04am

Industry

Greater pricing power to help Canadian exporters withstand loonie surge

TORONTO: A stronger Canadian dollar is usually seen hurting exporters, but the nature of the global economic ...

Published 12 Jun, 2021 05:04am

Commodities

Tin prices ascent to over decade high

LONDON: Tin prices rose to their highest in more than a decade on Friday as expectations of severe shortages due to...

Published 12 Jun, 2021 05:04am

2021-2228

Extremely generous Eidi?

The budget 2021-22 can best be described as an extremely generous Eidi to the people of this country: 10 percent...

Updated 12 Jun, 2021 01:43pm

2021-06-12-03-38

Finance Bill laid in Senate

ISLAMABAD: Finance Minister Shaukat Tarin Friday laid a copy of the Finance Bill 2021-22 in the Senate amidst ...

Published 12 Jun, 2021 05:04am

The Budget

EDITORIAL: Arguably, there exist two serious flaws in the Pakistan's economy that are primarily responsible for the...

Published 12 Jun, 2021 05:04am

Budgets

Rs54bn proposed for 7 merged tribal districts, 6 ex-FRs

ISLAMABAD: The federal government has proposed Rs54 billion for the seven merged tribal districts and six ...

Published 12 Jun, 2021 05:04am

Commodities

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 20.866...

Published 12 Jun, 2021 05:04am

Money & Banking

Sterling set for second weekly loss

LONDON: The pound fell 0.5% on Friday and was on track for its second consecutive weekly loss versus the dollar ...

Published 12 Jun, 2021 05:04am

2021-06-12-03-38

Cottage industry: Threshold for compulsorily registered persons raised to Rs10m

ISLAMABAD: The federal government has enhanced the threshold for the compulsorily registered persons within cottage...

Published 12 Jun, 2021 05:04am

2021-06-12-03-38

China calls Covid-19 lab-leak theory absurd

WASHINGTON/BEIJING: US Secretary of State Antony Blinken stressed the need for cooperation and transparency over the...

Published 12 Jun, 2021 05:04am

Industry

July-April 2020-21: Overall output of LSMI increases by 12.84pc

ISLAMABAD: The overall output of Large Scale Manufacturing Industries (LSMI) increased by 12.84 percent for...

Published 12 Jun, 2021 05:04am

Gainers
Losers
Leaders

Stock	Price
786 Investments / Jul 28 786 Investments Limited(786)	10.22 ▼ 0.00 (0.00%)
AL- Abbas / Jul 28 Al-Abbas Sugar Mills Limited(AABS)	349.90 ▼ 0.00 (0.00%)
Agro Allianz / Jul 28 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 28 Allied Bank Limited(ABL)	73.00 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 28 Abbott Laboratories (Pakistan) Limited(ABOT)	772.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Jul 28 Attock Cement Pakistan Limited(ACPL)	178.11 ▼ 0.00 (0.00%)
Adam Sugar / Jul 28 Adam Sugar Mills Limited(ADAMS)	34.85 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Jul 28 786 Investments Limited(786)	10.22 ▼ 0.00 (0.00%)
AL- Abbas / Jul 28 Al-Abbas Sugar Mills Limited(AABS)	349.90 ▼ 0.00 (0.00%)
Agro Allianz / Jul 28 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 28 Allied Bank Limited(ABL)	73.00 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 28 Abbott Laboratories (Pakistan) Limited(ABOT)	772.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Jul 28 Attock Cement Pakistan Limited(ACPL)	178.11 ▼ 0.00 (0.00%)
Adam Sugar / Jul 28 Adam Sugar Mills Limited(ADAMS)	34.85 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 27	161.40
USD PKR Interbank Buying / Jul 27	161.30
USD to Japanese Yen / Jul 27	109.78
USD to Swiss Franc / Jul 27	0.91
Pound Sterling to USD / Jul 27	1.39
Euro to USD / Jul 27	1.18
UK LIBOR % / Jul 27	0.08

Stock	Volume
S&P 500 / Jul 27	4401.46
India Sensex / Jul 27	52578.76
Tokyo Nikkei / Jul 27	27970.22
Nasdaq / Jul 27	14660.58
Hang Seng / Jul 27	25086.43
FTSE 100 / Jul 27	6996.08
Dow Jones / Jul 27	35058.52
Germany DAX 30 / Jul 27	15519.13
France CAC40 / Jul 27	6531.92

Item	Value
Crude Oil / Jul 27	71.99
Karachi Cotton Assoc. / Jul 27	12880.00
Gold 10 Grams / Jul 27	94050.00
Gold Spot / Jul 27	1800.37
Cotton / Jul 27	90.23

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