News Archives for Print - 2022-05-07

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Print - 2022-05-07

Commodities

Demand concerns push aluminium to four-month low

LONDON: Aluminium prices fell to four-month lows on Friday as concerns about demand created by a slowdown in...

Published 07 May, 2022 07:09am

Energy

Oil rises 2pc, set for another weekly rise on supply concerns

HOUSTON: Oil prices climbed more than 2% on Friday and were set to rise for a second consecutive week, shrugging off...

Published 07 May, 2022 07:09am

Grains

Wheat falls but set for weekly rise on world supply concerns

SINGAPORE/PARIS: Chicago wheat futures slid 1% on Friday but the market was on track for a weekly gain with...

Published 07 May, 2022 07:09am

Stocks

US regulators are in China for audit deal talks

HONG KONG: US regulatory officials have arrived in Beijing seeking to settle a long-running dispute over the ...

Published 07 May, 2022 07:04am

Europe

UK PM loses London strongholds as scandals bite in local elections

LONDON: British Prime Minister Boris Johnson’s Conservative Party lost control of traditional strongholds in ...

Published 07 May, 2022 07:04am

South Asia

Sri Lanka president declares state of emergency amid unrest

COLOMBO: Sri Lanka President Gotabaya Rajapaksa Friday declared a state of emergency for the second time in five...

Published 07 May, 2022 07:00am

South Asia

Indian climber dies on Himalayan peak

KATHMANDU: An Indian climber has died in Nepal near the summit of the world’s third-highest peak, expedition...

Published 07 May, 2022 07:00am

Middle East

Saudi-led coalition frees Yemen rebels in peace gesture

RIYADH: The Saudi-led military coalition fighting Yemen’s Huthi insurgents announced Friday it was freeing a batch...

Published 07 May, 2022 07:00am

Queen to attend UK Jubilee celebrations, but snubs for Andrew and Harry

LONDON: Queen Elizabeth plans to attend major celebrations to mark her 70 years on the British throne next month,...

Published 07 May, 2022 07:00am

Badin’s DHO told to ensure availability of drugs in hospitals

HYDERABAD: Badin’s Deputy Commissioner Agha Shahnawaz Khan Friday directed District Health Officer Badin and other...

Published 07 May, 2022 06:49am

Karachi Zoo and Safari Park: Wahab directs authorities to ensure better animal welfare

KARACHI: Administrator Karachi and Sindh government spokesman Barrister Murtaza Wahab Friday directed the management...

Published 07 May, 2022 06:49am

FTO disposes of 899 complaints in 3 months

LAHORE: Over 40 percent of the complaints were either rejected by the Federal Tax Ombudsman (FTO) or withdrawn by ...

Published 07 May, 2022 06:49am

Taxes

FBR issues list of 297 unregistered Tier-1 retailers

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 297 unregistered retailers (Tier-1), who are...

Published 07 May, 2022 06:49am

‘Foreign conspiracy’: Sherry asks why Imran ‘running away’ from probe commission

ISLAMABAD: Pakistan People’s Party-Parliamentarian (PPP-P) Vice-President Sherry Rehman said that the purpose...

Published 07 May, 2022 06:49am

Sehat Card Programme to stay, says Patel

KARACHI: Assuring that ‘Qaumi Sehat Card Program’ would not be scrapped by the coalition government, Federal...

Published 07 May, 2022 06:49am

UN calls for end to Russian war in Ukraine

UNITED NATIONS: The United Nations and several countries called Thursday for an end to Russia’s war in Ukraine,...

Published 07 May, 2022 06:49am

Money & Banking

BoE’s Pill says UK must accept income hit from high inflation

LONDON: People and businesses in Britain need to realise they are unlikely to recover the income lost to high...

Published 07 May, 2022 06:49am

Companies

India’s Reliance rakes in $100bn annual revenue

MUMBAI: Reliance Industries became the first Indian company to cross $100 billion in annual revenues after the...

Published 07 May, 2022 06:49am

Europe

Shell obtains injunctions against UK climate protests

LONDON: Shell has obtained injunctions from UK courts that pave the way for protesters to be fined or put in prison...

Published 07 May, 2022 06:49am

Industry

KCCI to organise ‘My Karachi Expo’ on 13th

KARACHI: After remaining suspended since 2020 due to outbreak of Covid-19 pandemic, the Karachi Chamber of Commerce...

Published 07 May, 2022 06:31am

Companies

5.0m shares offering: COEUS Pakistan’s book building process likely from Monday

KARACHI: COEUS Pakistan’s book building is expected to take place from May 09 to May 11, 2022 where the company is...

Published 07 May, 2022 06:31am

CM asks KWSB to deal with water theft challenge effectively

KARACHI: Sindh Chief Minister Syed Murad Ali Shah presiding over a meeting of Karachi Water & Sewerage Board...

Published 07 May, 2022 06:31am

Balochistan’s quake-hit areas: PDMA launches relief operation

QUETTA: The Provincial Disaster Management Authority (PDMA) has initiated relief activities in the quake-stricken...

Published 07 May, 2022 06:31am

Kamal says ‘looters’ have become more powerful because of IK’s ‘incompetence’

KARACHI: Pak Sarzameen Party Chairman Syed Mustafa Kamal on Friday said that holding local body elections in the...

Published 07 May, 2022 06:31am

Money & Banking

Broadcaster agrees to acquire 25pc shares of Summit Bank

KARACHI: Salman Iqbal, CEO of local television network, has agreed to acquire some 25 percent stakes in Summit Bank...

Published 07 May, 2022 06:31am

‘Let us get back to work now,’ tweets PM

ISLAMABAD: As the four-day Eid holidays ended on Friday, Prime Minister Shehbaz Sharif urged the general public to...

Published 07 May, 2022 06:15am

Imran’s narrative gaining traction?

ISLAMABAD: Former Prime Minister Imran Khan’s narrative of a ‘foreign conspiracy’ behind his ...

Published 07 May, 2022 06:15am

Pakistan at the forefront of the Covid-19 response

ISLAMABAD: Since the onset of the Covid-19 pandemic, Pakistan has been at the forefront of decision making using ...

Published 07 May, 2022 06:15am

PTI questions adjournment of hearing by ECP

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) senior leader Fawad Chaudhry said on Friday that the party is expecting...

Published 07 May, 2022 06:15am

Heckling case: IHC extends protective bail of Gill

ISLAMABAD: The Islamabad High Court (IHC), Friday, extended the protective bail to Pakistan Tehreek-e-Insaf (PTI)...

Published 07 May, 2022 06:15am

PTI’s dissident lawmakers: ECP adjourns hearing till 10th

ISLAMABAD: The Election Commission of Pakistan (ECP) on Friday adjourned the hearing against dissident lawmakers of...

Published 07 May, 2022 06:15am

Energy

System collapse: Nepra imposes Rs50m fine on NTDC

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has imposed a fine of Rs 50 million on National...

Published 07 May, 2022 06:15am

FIA initiates probe into fake videos on social media

ISLAMABAD: Federal Investigation Agency (FIA) has launched investigation after taking notice of fake videos running...

Published 07 May, 2022 06:15am

Six members of a family die after car-coach collision

ISLAMABAD: At least six people, including a woman and children died in a head-on collision between a passenger coach...

Published 07 May, 2022 06:15am

Companies

Emirates introduces ‘Summer Pass’

KARACHI: The Emirates has introduced a new offer for Pakistani passengers. The boarding pass of Emirates Airlines ...

Published 07 May, 2022 06:15am

SCBA, PBC condemn Punjab governor’s anti-judge move

ISLAMABAD: The Supreme Court Bar Association (SCBA) and the Pakistan Bar Council (PBC) condemned the Punjab...

Published 07 May, 2022 05:46am

President, governor discuss LHC judge’s ‘illegal’ action

ISLAMABAD: Punjab Governor Omar Sarfraz Cheema, Friday, called on President Dr Arif Alvi to discuss sending a...

Published 07 May, 2022 05:46am

Blinken speaks to Bilawal

ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari received a telephone call Friday from the United States’...

Published 07 May, 2022 05:46am

PARTLY FACETIOUS: Rats know the way of rats

“So why the pre-emption?” “I don’t get it!” “Why the constant warning by Imran Khan to his supporters...

Published 07 May, 2022 05:46am

Economy: Demystifying some policy choices

In a recent blog article ‘War dims global economic outlook as inflation accelerates’ published by the...

Published 07 May, 2022 05:46am

A chaotic economy

While the incumbent finance minister Miftah Ismail was still in the air on his way back, having announced successful...

Updated 07 May, 2022 08:48pm

Banks face reversal of fortune from war and runaway inflation

Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank...

Published 07 May, 2022 05:46am

Letters

There’s no light at the end of the tunnel

One of the global lenders, Asian Development Bank has said that continued efforts toward fiscal consolidation and...

Published 07 May, 2022 05:46am

Stocks

Wall Street tumbles again as strong jobs growth fuels rate hike fears

NEW YORK: US stock indexes extended losses for a second day on Friday as elevated US Treasury yields dragged growth...

Published 07 May, 2022 05:46am

The Weather

KARACHI: The weather report on Friday (May 06, 2022) and the forecast for Saturday (May 07, 2022)...

Published 07 May, 2022 05:46am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 07 May, 2022 05:46am

Stocks

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

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

Published 07 May, 2022 05:46am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Friday (May 06, 2022). ======================== Offer Price 1,212.9451 Bid ...

Published 07 May, 2022 05:46am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Friday (May 06, 2022). ======================== Offer...

Published 07 May, 2022 05:46am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Friday (May 06, 2022). ======================== Offer...

Published 07 May, 2022 05:46am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (May 06, 2022). ========================== KIBOR...

Published 07 May, 2022 05:46am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Friday (May 06, 2022)....

Published 07 May, 2022 05:46am

Rates

PSX dips on selling pressure

KARACHI: After a weeklong Eid holidays, Pakistan Stock Exchange Friday witnessed a bearish trend due to selling...

Published 07 May, 2022 05:46am

Commodities

Palm oil suffers biggest weekly fall in seven weeks

KUALA LUMPUR: Malaysian palm oil futures slumped more than 5% on Friday and marked their steepest weekly fall in...

Published 07 May, 2022 05:46am

Energy

India to reopen abandoned coal mines as heatwave hits supply

MUMBAI: India plans to lease abandoned coal pits to private mining companies, a government official said Friday, in...

Published 07 May, 2022 05:46am

Grains

Asia rice: Strong demand from Asia, Africa lift Indian prices

BENGALURU/HANOI/MUMBAI/BANGKOK AND DHAKA: Export prices of rice from India rose this week on increasing demand from...

Published 07 May, 2022 05:46am

Grains

Dry weather in France will cause irreversible damage to crops

PARIS: Dry, hot weather in the coming 10 days in France after several months of little rainfall will cause...

Published 07 May, 2022 05:46am

Commodities

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 19.750...

Published 07 May, 2022 05:46am

Commodities

Iron ore futures rise as China cenbank pledges support

MANILA: China’s ferrous commodities futures rose on Thursday, with iron ore gaining as much as 3%, a day after the...

Published 07 May, 2022 05:46am

Energy

US, Canada spot natgas prices soar on unusual spring heat

NEW YORK: Spot natural gas prices in the United States and Canada soared this week as many homes and businesses in...

Published 07 May, 2022 05:46am

Energy

Asia’s gasoline margins at record high

SINGAPORE: Asia’s gasoline crack hit a record high for the fifth straight session on Thursday, supported by a drop...

Published 07 May, 2022 05:46am

Energy

Asia Fuel Oil: 380-cst HSFO cash premiums drift lower

NEW DELHI: Asia’s cash premiums for 380-cst high-sulphur fuel oil (HSFO) slipped for a second straight session on...

Published 07 May, 2022 05:46am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 107,659 tonnes of cargo comprising 80,667 tonnes of import cargo and 26,992...

Published 07 May, 2022 05:46am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 06, 2022)....

Published 07 May, 2022 05:46am

Cotton & Textile

No deal reported on cotton market amid post-eid holiday session

LAHORE: The market remained dull on Friday when it opened after eid holidays. The trading volume remained low....

Published 07 May, 2022 05:46am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Friday (May 06, 2022)...

Published 07 May, 2022 05:46am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Friday (May 06, 2022). ======================================= Offset Paper...

Published 07 May, 2022 05:46am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 06, 2022)....

Published 07 May, 2022 05:46am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (May 06, 2022). ======================== Open Bid Rs...

Published 07 May, 2022 05:46am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (May 06, 2022)....

Published 07 May, 2022 05:46am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (May 06, 2022)....

Published 07 May, 2022 05:46am

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, 2022 05:46am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Friday (May 06, 2022)....

Published 07 May, 2022 05:46am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (May 06, 2022). ==================================== BR...

Published 07 May, 2022 05:46am

Rates

Dividend/Bonus Announcements

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

Published 07 May, 2022 05:46am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Friday (May 06, 2022). ======================== OFFER PRICE...

Published 07 May, 2022 05:46am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Friday (May 06, 2022). ======================== OFFER PRICE...

Published 07 May, 2022 05:46am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Friday (May 06, 2022). ======================== OFFER PRICE 1,370.6877...

Published 07 May, 2022 05:46am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Friday (May 06, 2022). ======================== OFFER PRICE 982.8455...

Published 07 May, 2022 05:46am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Friday (May 06, 2022). ======================== OFFER PRICE 1,473.4368 BID...

Published 07 May, 2022 05:46am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Friday (May 06, 2022). ======================== OFFER PRICE...

Published 07 May, 2022 05:46am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Friday (May 06, 2022). ======================== OFFER PRICE 1,572.4416...

Published 07 May, 2022 05:46am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Friday (May 06, 2022). ======================== OFFER PRICE 458.7434...

Published 07 May, 2022 05:46am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Friday (May 06, 2022). ======================== OFFER PRICE 386.6446...

Published 07 May, 2022 05:46am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Friday (May 06, 2022). ======================== OFFER PRICE 2,112.0378...

Published 07 May, 2022 05:46am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Friday (May 06, 2022). ======================== Offer Price 542.4509...

Published 07 May, 2022 05:46am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Friday (May 06, 2022). ======================== Offer Price 542.1508...

Published 07 May, 2022 05:46am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Friday (May 06, 2022). ======================== Offer Price...

Published 07 May, 2022 05:46am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Friday (May 06, 2022). ======================== Offer Price 731.8589...

Published 07 May, 2022 05:46am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Friday (May 06, 2022). ======================== Offer Price 1,568.9321...

Published 07 May, 2022 05:46am

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 07 May, 2022 05:46am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (May 06,...

Published 07 May, 2022 05:46am

Govt struggling to attract FDI to Pakistan

The current government intends to increase the IT exports of Pakistan from USD 1.5 billion to USD 15 billion in the coming year

Updated 07 May, 2022 09:55am

Floating solar project: World Bank invites Pakistan to hold talks on $341.5m loan

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 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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