News Archives for Print - 2022-03-10

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Print - 2022-03-10

Stocks

Gulf markets end lower

DUBAI: Markets in the Middle East fell on Wednesday, with the Abu Dhabi index losing more than 2% even as a U.S. ban...

Published 10 Mar, 2022 07:30am

Stocks

Johannesburg stocks draw net positive foreign inflows as Moscow wanes

JOHANNESBURG: The Johannesburg Stock Exchange (JSE), Africa’s biggest bourse, has seen net positive foreign ...

Published 10 Mar, 2022 07:30am

Cotton & Textile

Spot rate firm on cotton market

LAHORE: The local cotton market on Wednesday remained stable while the trading volume was low. The Spot Rate...

Published 10 Mar, 2022 07:30am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 09, 2022)....

Published 10 Mar, 2022 07:30am

Commodities

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 24.505...

Published 10 Mar, 2022 07:30am

Rates

Activities of Karachi Port

KARACHI: The Karachi Port Trust handled 128,199 tonnes of cargo comprising 81,888 tonnes of import cargo and 46,311...

Published 10 Mar, 2022 07:30am

Energy

US natural gas down

NEW YORK: US natural gas futures fell more than 6% to a one-week low on Tuesday on rising output and forecasts for...

Published 10 Mar, 2022 07:30am

Energy

Asia refiners to crank up runs on record gasoil margins

SINGAPORE/NEW DELHI: Some Asian refineries plan to increase output in May to cash in on high prices for gasoil...

Published 10 Mar, 2022 07:30am

Energy

Asia Distillates: Gasoil, jet fuel cracks soar

SINGAPORE: Asian refining margins for 10 ppm gasoil jumped on Wednesday, scaling to a fresh high on record, riding ...

Published 10 Mar, 2022 07:30am

Energy

VLSFO crack hits record high amid tighter supplies

SINGAPORE: Asia’s front-month crack for 0.5% very low-sulphur fuel oil (VLSFO) rose on Wednesday to its highest...

Published 10 Mar, 2022 07:30am

Energy

Asia’s gasoline crack climbs

NEW DELHI: Asia’s gasoline refining profit margin extended gains on Wednesday amid turbulence in crude oil markets...

Published 10 Mar, 2022 07:30am

Commodities

Shanghai stainless steel retreats

BEIJING: Chinese stainless steel futures dropped on Wednesday, after opening more than 7% higher, as cautious...

Published 10 Mar, 2022 07:30am

Commodities

FranceAgriMer hikes soft wheat export forecast

PARIS: Farm office FranceAgriMer on Wednesday increased sharply its forecast of French soft wheat exports outside ...

Published 10 Mar, 2022 07:15am

Commodities

ICE canola futures hit all-time high

WINNIPEG, (Manitoba): ICE canola futures jumped to an all-time high on Tuesday, driven by concerns about stranded...

Published 10 Mar, 2022 07:15am

First ‘International Alumni’s Mathematics UET Conference’ held

ISLAMABAD: The first International Alumni’s Mathematics UET Conference held in which more than 300 scholars and...

Published 10 Mar, 2022 07:15am

Expensive farm houses in Islamabad: President backs FTO’s action against concealed investment

ISLAMABAD: President Dr Arif Alvi has confirmed the prompt decision taken by Federal Tax Ombudsman (FTO) that the...

Published 10 Mar, 2022 07:15am

Massey Ferguson Tractors unit: NFS&R voices its concern over closure

ISLAMABAD: A parliamentary panel on Wednesday expressing serious concerns over the closure of production unit of...

Published 10 Mar, 2022 07:15am

EFP lauds launch of ‘Better work program in Pakistan’

ISLAMABAD: Zaki Ahmed Khan, acting president Employer’s Federation of Pakistan (EFP), while lauding the official...

Published 10 Mar, 2022 07:15am

OIC foreign ministers moot on Afghanistan: PAC directs govt to cap expenditure on preparation

ISLAMABAD: A parliamentary panel on Wednesday directed the federal government to cap the expenditure on preparation...

Published 10 Mar, 2022 07:15am

International Women’s Day: US CG hosts participants of Qadam Barhao

KARACHI: US Consulate General Karachi hosted participants of Qadam Barhao, a US Consulate-sponsored initiative to...

Published 10 Mar, 2022 07:15am

PDWP approves two development schemes

LAHORE: The Punjab Provincial Development Working Party approved two development schemes of primary & secondary...

Published 10 Mar, 2022 07:15am

SSGC clarification

KARACHI: “This is with reference to the news item entitled ‘SSGCL - PSML sell off process hits snag’ that...

Published 10 Mar, 2022 07:15am

SC’s suo motu jurisdiction: Senate panel passes constitutional amendment

ISLAMABAD: Senate Standing Committee on Law and Justice on Wednesday passed the constitutional amendment that aims ...

Published 10 Mar, 2022 07:15am

Opposition could move court against Speaker: Khaqan

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) senior vice president and former premier Shahid Khaqan Abbasi on...

Published 10 Mar, 2022 07:15am

Money & Banking

Margins on MTBs soar to 130bps

KARACHI: The margins on short-term government securities rose up to 130 basis points (bps) in the auction held...

Published 10 Mar, 2022 07:15am

NA to celebrate ‘Platinum Jubilee’ on August 10

ISLAMABAD: The National Assembly of Pakistan will celebrate its Platinum Jubilee on August 10, 2022, said a press...

Published 10 Mar, 2022 07:15am

Industry

Two-way trade potential: PAJCCI takes stakeholders on board

KARACHI: Pakistan Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) Wednesday held several stakeholder...

Published 10 Mar, 2022 07:15am

Commodities

2016-22: Careem’s performance

KARACHI: Careem has moved 4.3 million women taking 32 million rides and covering a distance of over 351 million...

Published 10 Mar, 2022 07:15am

First cargo of Halal meat sent to Uzbekistan

KARACHI: The first cargo of Halal meat from Pakistan to Uzbekistan left for Tashkent from Karachi here on Wednesday...

Updated 10 Mar, 2022 11:44am

Customs values of hair care products revised

KARACHI: Directorate General Customs Valuation (DGCV) has revised the customs values of hair care products and...

Published 10 Mar, 2022 07:15am

Commodities

Gold prices up

KARACHI: Gold prices on Wednesday further grew on the local market, traders said. With an increase of another...

Published 10 Mar, 2022 07:15am

Senate election: Sindh CM claims 4 PTI MPAs voted for Khuhro

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that four PTI MPAs, showing their `no-confidence’ in ...

Published 10 Mar, 2022 07:15am

Sindh PTI leader terms opposition’s no-trust move ‘political suicide’

KARACHI: Leader of the Opposition in Sindh Assembly, Haleem Adil Sheikh Wednesday said that no-confidence move will...

Published 10 Mar, 2022 06:44am

The Weather

KARACHI: The weather report on Wednesday (March 09, 2022) and the forecast for Thursday (March 10, 2022)...

Published 10 Mar, 2022 06:30am

TPL Trakker, Telenor join hands to strengthen IoT connectivity infrastructure

KARACHI: TPL Trakker is partnered with Telenor Pakistan to exclusively provide state of the art IoT solutions and...

Published 10 Mar, 2022 06:30am

Gujarat Titans sign Afghanistan’s Gurbaz for IPL 2022

NEW DELHI: Gujarat Titans have signed Afghanistan’s Rahmanullah Gurbaz as a replacement for England batsman Jason...

Published 10 Mar, 2022 06:30am

South Asia

Sri Lanka restricts ‘luxuries’ as forex crisis worsens

COLOMBO: Sri Lanka on Wednesday tightened restrictions on a wide range of imports from whisky to kitchen appliances...

Published 10 Mar, 2022 06:30am

Two years on, WHO warns pandemic ‘far from over’

GENEVA: The pandemic is far from over, the WHO’s leader insisted Wednesday, two years after he first used the term...

Published 10 Mar, 2022 06:30am

Europe

Germany won’t send warplanes to Ukraine, eyes energy cooperation with Canada

BERLIN: Germany will certainly not send warplanes to Ukraine, Chancellor Olaf Scholz said on Wednesday, after the...

Published 10 Mar, 2022 06:30am

Putin, Scholz discuss ‘diplomatic’ efforts to settle Ukraine conflict: Kremlin

MOSCOW: Russian President Vladimir Putin and German Chancellor Olaf Scholz on Wednesday discussed diplomatic ways to...

Published 10 Mar, 2022 06:30am

False accusation of narcotics substances against citizen: Senate body seeks CII’s opinion on proposed amendments

ISLAMABAD: The Senate Standing Committee on Narcotics Control on Wednesday decided to seek Council of Islamic...

Published 10 Mar, 2022 06:30am

‘Fly Jinnah’ unveils its visual brand identity

KARACHI: Fly Jinnah, Pakistan’s new low-cost carrier on Wednesday revealed its visual brand identity. ‘Fly...

Published 10 Mar, 2022 06:30am

PML-N leader says PM won’t survive no-trust motion

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) Secretary General Ahsan Iqbal on Wednesday questioned the...

Published 10 Mar, 2022 06:30am

‘City temperature has become ideal for dengue larva germination’

LAHORE: The city temperature has become ideal for the germination of dengue larva, said Pakistan Meteorological...

Published 10 Mar, 2022 06:30am

PM Kamyab Jawan & FWBL organize ‘Kamyab Khatoon Convention’

KARACHI: Kamyab Jawan’s youth entrepreneurship scheme has disbursed 3 billion worth of loans to women ...

Published 10 Mar, 2022 06:30am

SU awards 19 PhD, 52 M. Phil degrees

HYDERABAD: The Advanced Studies and Research Board (ASRB) of the University of Sindh Jamshoro has approved to award...

Published 10 Mar, 2022 06:30am

PM’s popularity increased in last two weeks: Hammad

ISLAMABAD: Minister for Energy Hammad Azhar on Wednesday said popularity of Prime Minister Imran Khan has increased...

Published 10 Mar, 2022 06:30am

Vote on no-confidence motion: Only one PTI member will be present in NA

ISLAMABAD: Only one member of Pakistan Tehreek-e-Insaf (PTI) will be present during the voting process on...

Published 10 Mar, 2022 06:30am

About 8 in 10 Pakistanis report giving charity, PGI 2021 reveals

KARACHI: Pakistan Centre for Philanthropy (PCP) conducted the virtual launch of Pakistan Giving Index (PGI) 2021, a...

Published 10 Mar, 2022 06:30am

Sumaira to return Pakistan soon after due process in India: Irfan Siddiqui

ISLAMABAD: PML-N Senator Irfan Siddiqui said that Sumaira, a Pakistani woman detained in Bangalore, India, and her...

Published 10 Mar, 2022 06:30am

Lumpy Skin Disease epidemic: Chicken meat price soars to Rs570 per kg

KARACHI: Following the outbreak of the Lumpy Skin Disease (LSD) in cattle, the price of chicken meat in Karachi has...

Published 10 Mar, 2022 06:30am

Dues of Chinese power projects: Chinese embassy agitates for payment

ISLAMABAD: Chinese embassy has reportedly forewarned Pakistani authorities to solve payment concerns of Chinese ...

Updated 10 Mar, 2022 11:14am

New recruitments in Punjab to be made as per new pension rules: minister

LAHORE: Punjab Finance Minister Makhdoom Hashim Jawan Bakht has said that all new recruitments in Punjab will be ...

Published 10 Mar, 2022 06:30am

Sarwar advises PTI leadership to hold talks with Tareen, Aleem

LAHORE: Advising the PTI leadership to hold talks with Jahangir Khan Tarin and Abdul Aleem Khan, Punjab Governor...

Published 10 Mar, 2022 06:30am

Audit: performance of FESCO praised

FAISALABAD: Auditors perform pivotal role to save the department from possible financial irregularities and...

Published 10 Mar, 2022 06:30am

Mechanism aimed at boosting interaction between bureaucrats, parliamentarians to be devised

ISLAMABAD: Fed up with frequent warnings of privilege motions by the legislators, the top bureaucracy has decided to...

Published 10 Mar, 2022 06:30am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (March 09, 2022)....

Published 10 Mar, 2022 06:30am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (March 09, 2022). ========================== KIBOR...

Published 10 Mar, 2022 06:30am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (March 09, 2022). ========================...

Published 10 Mar, 2022 06:30am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (March 09, 2022). ========================...

Published 10 Mar, 2022 06:30am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Wednesday (March 09, 2022). ======================== Offer Price 1,186.7234 Bid...

Published 10 Mar, 2022 06:30am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Wednesday (March 09, 2022). ======================== Offer Price...

Published 10 Mar, 2022 06:30am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Wednesday (March 09, 2022). ======================== Offer Price...

Published 10 Mar, 2022 06:30am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Wednesday (March 09, 2022). ======================== Offer ...

Published 10 Mar, 2022 06:30am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Wednesday (March 09, 2022). ======================== Offer Price...

Published 10 Mar, 2022 06:30am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Wednesday (March 09, 2022). ======================== Offer Price...

Published 10 Mar, 2022 06:30am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE 1,427.5609...

Published 10 Mar, 2022 06:30am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

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 10 Mar, 2022 06:30am

Stocks

Last date of renunciation/payment

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

Published 10 Mar, 2022 06:30am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 10 Mar, 2022 06:30am

Stocks

Japan’s Nikkei reverses course to close at 16-month low

TOKYO: Japan’s Nikkei index reversed course to end at a 16-month low on Wednesday, tracking broader Asian markets...

Published 10 Mar, 2022 06:30am

Stocks

China shares end lower as inflation risks, Covid cases mount

SHANGHAI: Chinese shares ended lower on Wednesday, as investors remained on edge over concerns the commodity...

Published 10 Mar, 2022 06:30am

Stocks

Wall Street rebounds on bank, tech boost

NEW YORK: Wall Street’s main indexes rallied on Wednesday as investors piled into banking and technology sectors...

Published 10 Mar, 2022 06:30am

Stocks

Financial stocks lead FTSE 100 higher; lower oil cools inflation fears

LONDON: London’s FTSE 100 ended higher on Wednesday as higher yields and upbeat earnings from insurer Prudential...

Published 10 Mar, 2022 06:30am

Stocks

Banks, automakers fuel strong comeback for European shares

PARIS: German shares vaulted almost 8% to lead strong gains across European stocks markets on Wednesday, as ...

Published 10 Mar, 2022 06:30am

Letters

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 13	283
USD PKR Interbank Buying / Jun 13	282.75
USD to Japanese Yen / Jun 13	143.75
USD to Swiss Franc / Jun 13	0.81
Pound Sterling to USD / Jun 13	1.36
Euro to USD / Jun 13	1.15
UK LIBOR % / Jun 12	4.96

Stock	Volume
S&P 500 / Jun 12	6,045.26
Nasdaq / Jun 12	19,662.48
Dow Jones / Jun 12	42,967.62
India Sensex / Jun 13	81,216.80
Tokyo Nikkei / Jun 13	37,834.25
Hang Seng / Jun 13	23,892.56
FTSE 100 / Jun 13	8,839.41
Germany DAX 30 / Jun 13	23,434.96
France CAC40 / Jun 13	7,687.50

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 12	16,485
Gold 10 Grams PKR / Jun 12	305,984
Crude Oil USD/Barrel / Jun 13	72.11
Gold Spot USD/Ounce / Jun 13	3,421.89
Cotton US¢/pound / Jun 13	67.63
Petrol/Litre / Jun 14	253.63
Diesel/Litre / Jun 14	254.64

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	2.93 ▲ 1 (51.81%)
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	3.02 ▲ 0.9 (42.45%)
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	3.39 ▲ 1 (41.84%)
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	2.74 ▲ 0.61 (28.64%)
Invest Bank / Jun 13 Invest Capital Investment Bank Limited(ICIBL)	7.11 ▲ 1 (16.37%)
First Dawood Prop. / Jun 13 First Dawood Properties Limited(FDPL)	3.65 ▲ 0.45 (14.06%)
Unicap Modaraba / Jun 13 Unicap Modaraba(UCAPM)	3.52 ▲ 0.35 (11.04%)
D.S. Ind. Ltd. / Jun 13 D.S. Industries Limited(DSIL)	5.70 ▲ 0.54 (10.47%)
Gulshan Sp. / Jun 13 Gulshan Spinning Mills Limited(GSPM)	4.13 ▲ 0.38 (10.13%)
Ashfaq Textile / Jun 13 Ashfaq Textile Mills Limited(ASHT)	25.70 ▲ 2.34 (10.02%)

Stock	Price
Tariq Corp.Pref. / Jun 13 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.95 ▼ -0.97 (-10.87%)
First Elite Cap.Mod / Jun 13 First Elite Capital Modaraba(FECM)	37.98 ▼ -4.22 (-10%)
PIA Holding Co.B / Jun 13 PIA Holding Company Limited B(PIAHCLB)	18,889.10 ▼ -2098.79 (-10%)
Khyber Textile / Jun 13 Khyber Textile Mills Limited(KHYT)	1,794.55 ▼ -199.39 (-10%)
Fateh Ind. / Jun 13 Fateh Industries Limited(FIL)	119.55 ▼ -13.28 (-10%)
Hala Enterprise / Jun 13 Hala Enterprises Limited(HAEL)	30.53 ▼ -3.39 (-9.99%)
Reliance Weaving / Jun 13 Reliance Weaving Mills Limited(REWM)	123.76 ▼ -13.74 (-9.99%)
Blue-Ex Ltd / Jun 13 Blue-Ex Limited (GEM)(GEMBLUEX)	59.14 ▼ -6.46 (-9.85%)
Tri-Star Mutual / Jun 13 Tri-Star Mutual Fund Limited(TSMF)	7.67 ▼ -0.83 (-9.76%)
Hafiz Ltd. / Jun 13 Hafiz Limited(HAFL)	273 ▼ -28 (-9.3%)

Stock	Volume
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	116,570,487 ▲ 1
WorldCall Telecom / Jun 13 Worldcall Telecom Limited(WTL)	86,654,041 ▲ 0.08
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	72,368,767 ▲ 0.9
PIA Holding Co.Ltd / Jun 13 PIA Holding Company Limited(PIAHCLA)	27,891,113 ▲ 0.76
B.O.Punjab / Jun 13 The Bank of Punjab(BOP)	26,329,771 ▼ -0.26
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	24,472,029 ▲ 0.61
Cnergyico PK / Jun 13 Cnergyico PK Limited(CNERGY)	24,435,209 ▼ -0.37
Kohinoor Spining / Jun 13 Kohinoor Spinning Mills Limited(KOSM)	24,359,706 ▲ 0.17
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	22,960,384 ▲ 1
K-Electric Ltd. / Jun 13 K-Electric Limited(KEL)	19,416,645 ▼ -0.14

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