News Archives for Print - 2022-07-08

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Print - 2022-07-08

South Asia

India blocks 119 accounts linked to China’s Vivo in money laundering probe

NEW DELHI: India’s financial crime agency said on Thursday it has blocked 119 bank accounts linked to Vivo’s...

Published 08 Jul, 2022 08:30am

Middle East

Nine Sudanese dead, dozens hurt in Egypt car crash

CAIRO: A bus collided with a truck in southern Egypt killing nine Sudanese and injuring dozens of other people...

Published 08 Jul, 2022 08:30am

Money & Banking

Dollar mostly flat as traders await key US data

NEW YORK: The dollar traded little changed against the euro and other trading currencies on Thursday, though ...

Published 08 Jul, 2022 08:25am

France plans 20bn euro inflation-relief package

PARIS: France’s minority government unveiled on Thursday a 20 billion euro ($20.35 billion) inflation-relief...

Published 08 Jul, 2022 08:21am

US charges two Homeland Security workers in Chinese spying scheme

WASHINGTON: US prosecutors charged two men tied to the US Department of Homeland Security (DHS) as part of what...

Published 08 Jul, 2022 08:15am

UK says it seized advanced weaponry smuggled from Iran

LONDON: Britain on Thursday said one of its warships on patrol in the Gulf earlier this year seized advanced ...

Published 08 Jul, 2022 08:15am

If West wants to beat us on battlefield, let them try: Putin

LONDON: President Vladimir Putin said on Thursday that if the West wanted to defeat Russia on the battlefield, it ...

Published 08 Jul, 2022 08:10am

Bodies of six coal miners recovered

THATTA: Bodies of six workers who had drowned in a coal mine two days ago were recovered 40 hours later in Jhimpir....

Published 08 Jul, 2022 08:08am

China’s Wang meets Lavrov in Bali ahead of G20 talks

BALI: Chinese Foreign Minister Wang Yi met Russian counterpart Sergei Lavrov in Bali Thursday to discuss Moscow’s...

Published 08 Jul, 2022 08:08am

Smuggled goods worth over Rs46m seized in raids

KARACHI: The crackdown against the smuggling of contraband goods is in full swing as the customs department has...

Published 08 Jul, 2022 08:08am

Energy

Asia Fuel Oil: Low-sulphur bunker premiums retreat on volatile crude

SINGAPORE: Spot bunker fuel premiums for very low sulphur fuel oil (VLSFO) retreated in Singapore on Thursday as...

Published 08 Jul, 2022 07:21am

Australian HC greets Pakistanis on Eid-ul-Azha

ISLAMABAD: On the occasion of Eidul-Azha, the Australian High Commissioner to Pakistan, Neil Hawkins said “I send...

Published 08 Jul, 2022 07:21am

IHC launches Justice Reforms Project

ISLAMABAD: The Islamabad High Court (IHC) on Thursday launched Justice Reforms Project with the resolve of giving a...

Published 08 Jul, 2022 07:21am

No utility infrastructure involved in accidents: KE

KARACHI: Spokesperson for K-Electric while expressing sympathies over the unfortunate incidents across Karachi,...

Published 08 Jul, 2022 07:21am

Reshuffling in FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has transferred and posted three senior officers of Pakistan Customs...

Published 08 Jul, 2022 07:21am

Pakistan, France sign €22m financing agreement for Lahore Fort renovation

Focus areas will be promoting tourism, generating additional economic activities and building climate change resilience for local communities

Updated 08 Jul, 2022 04:45pm

Energy

Solar energy policy on August 1, says Dastgir

ISLAMABAD: Minister for Power Khurram Dastgir Khan said on Thursday that the government had decided to announce...

Published 08 Jul, 2022 07:21am

Forex reserves fall by $453m

KARACHI: The country’s total liquid foreign exchange reserves declined by $453 million to $ 15.742 billion at the...

Published 08 Jul, 2022 07:21am

Mining lease: SHC grants status quo in favour of Popular Cement Industries

KARACHI: A division bench of Sindh High Court, Karachi, comprising Justice Salahuddin Panhwar and Justice Arshad...

Published 08 Jul, 2022 07:04am

Industry

TDAP holds webinar on production of quality products

KARACHI: Trade Development Authority of Pakistan hosted a webinar on “How to produce quality products” on 5th of...

Published 08 Jul, 2022 07:04am

2nd phase of LB polls: CCTV cameras to be installed at sensitive polling stations

KARACHI: As the 2nd phase of Sindh local bodies election is being held in 16 districts of Karachi and Hyderabad...

Published 08 Jul, 2022 07:04am

Karachi’s textile export industry decries cut in gas supply

KARACHI: The value-added textile export industry of Karachi on Thursday slammed the PML-N led federal coalition...

Published 08 Jul, 2022 07:04am

Inflation, unemployment causing havoc in common man’s life: JI

LAHORE Chief of Jamaat-e-Islami Sirajul Haq has expressed serious concerns over government failure to provide relief...

Published 08 Jul, 2022 06:56am

Safe City project: 50pc areas of Karachi to be covered in one year: AIGP

KARACHI: Additional Inspector General of Police, Karachi, Javed Alam Odho has said that the Safe City project is...

Published 08 Jul, 2022 06:56am

KPT handled 51.71m tons cargo, 2.21m TEUs containers in 2021-22

KARACHI: Karachi Port Trust (KPT) remained fully functional and operational on round the clock basis and its...

Published 08 Jul, 2022 06:56am

‘Threats’ to Imran’s pilots should stop, says Fawad

ISLAMABAD: Hours after senior Pakistan Tehreek-e-Insaf (PTI) leaders claimed that the pilots flying the chopper of...

Published 08 Jul, 2022 06:40am

Three additional judges of PHC appointed

ISLAMABAD President Dr Arif Alvi on Thursday approved the appointment of three additional judges in the Peshawar ...

Published 08 Jul, 2022 06:40am

Sunni Ittehad Council assures support to PTI

LAHORE: The Sunni Ittehad Council on Thursday assured its full support to the Pakistan Tehreek-e-Insaf (PTI) in the...

Published 08 Jul, 2022 06:40am

Industry

Govt urged to support SMEs to reduce import-export gap

LAHORE: The Small and Medium Enterprises (SMEs) are the backbone of the economy; SMEs have to be promoted to...

Published 08 Jul, 2022 06:40am

Industry

LCCI to establish Indonesia Desk to boost bilateral trade

LAHORE: “The Lahore Chamber of Commerce & Industry will establish special Indonesia Desk at the chamber to...

Published 08 Jul, 2022 06:40am

Taxes

RTO Lahore surpasses revenue target for FY21-22

LAHORE: The Regional Tax Office Lahore has surpassed revenue target for the fiscal year 2021-22, collecting Rs...

Published 08 Jul, 2022 06:40am

PTI members of Punjab PA take oath

LAHORE: Five Members of Punjab Assembly belonging to Pakistan Tehreek-e-Insaf (PTI) on Thursday took oath. According...

Published 08 Jul, 2022 06:40am

Eid-ul-Azha celebrations: 35,000 policemen to guard 27,645 gatherings in Punjab

LAHORE: Over 35,000 police officers, including volunteers, would provide a foolproof security to 27,645 gatherings ...

Published 08 Jul, 2022 06:40am

Industry

FCCI sending trade delegation to Thailand

FAISALABAD: Faisalabad Chamber of Commerce & Industry (FCCI) is arranging a trade delegation for Thailand. Atif...

Published 08 Jul, 2022 06:40am

Shehzad Malik elected president of ICMA

KARACHI: The National Council of ICMA has elected Shehzad Malik as President of ICMA for the period 2022-2023....

Published 08 Jul, 2022 06:40am

Flash floods claim 20 more lives

ISLAMABAD: Flash floods triggered by monsoon rains across the country have claimed 20 more lives in the past 24 ...

Published 08 Jul, 2022 06:19am

Talks with TTP being held under constitutional framework: FO

ISLAMABAD: The Foreign Office on Thursday asserted that talks with banned Tehreek-e-Taliban Pakistan (TTP) were ...

Published 08 Jul, 2022 06:19am

PM inaugurates ‘Green’, ‘Blue’ lines of mass transit metro bus service

ISLAMABAD: Prime Minister Shehbaz Sharif has inaugurated the Green and Blue Lines bus service in the federal capital...

Published 08 Jul, 2022 06:19am

Consumption up to 100 units: BoP, Punjab govt to ink SLA on power subsidy

ISLAMABAD: The Bank of Punjab (BoP) and Government of Punjab (GoPb) are to sign a Service Level Agreement (SLA) to...

Published 08 Jul, 2022 06:19am

Control of voting shares: Lotte receives intention from Novatex

KARACHI: M/s Lotte Chemical Pakistan Limited has received a Notice of Public Announcement of Intention from M/s...

Published 08 Jul, 2022 06:19am

Covid claims 9 lives in 24hrs

ISLAMABAD: The Covid-19 situation in Pakistan is once again becoming serious as in the past 24 hours the country has...

Published 08 Jul, 2022 06:19am

Alvi conveys concerns to PM on journalists’ harassment

Islamabad: President Dr Arif Alvi in a letter addressed to the prime minister has expressed his deep concern on the...

Published 08 Jul, 2022 06:19am

Failure to attend meeting: PAC threatens to issue warrant for ex-NAB chairman

ISLAMABAD: The Public Accounts Committee (PAC) on Thursday warned the former chairman of National Accountability...

Published 08 Jul, 2022 06:19am

Austerity measures: FD issues office memorandum

ISLAMABAD: The Finance Division on Thursday issued an office memorandum of austerity measures for the ongoing fiscal...

Published 08 Jul, 2022 06:19am

Interpretation of Article 63A by SC: Not counting votes of dissidents makes no sense: minority opinion

ISLAMABAD: The minority judges of the Supreme Court bench, which rendered an opinion on Presidential Reference for...

Published 08 Jul, 2022 06:19am

Industry

Ahsan lists key requirements for economic stability

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that export-led...

Published 08 Jul, 2022 06:19am

Stocks

PSX ends in green trajectory

KARACHI: Pakistan Stock Exchange on Thursday closed on positive note due to fresh buying mainly in E&P sector....

Published 08 Jul, 2022 05:36am

ECP suspends Punjab’s free power scheme till after by-polls

ISLAMABAD: Election Commission of Pakistan (ECP) has suspended Roshan Gharana Programme launched by Chief Minister...

Updated 08 Jul, 2022 09:39am

Oil settles up nearly $4

NEW YORK: Oil prices settled sharply higher on Thursday, rebounding from steep losses the previous two sessions, as...

Published 08 Jul, 2022 05:36am

PLL receives no bids for import of 10 LNG cargoes

ISLAMABAD: Pakistan LNG Limited (PLL) received no bids in its tender for the import of 10 cargoes of Liquified...

Published 08 Jul, 2022 05:36am

Selected bank branches to open today

KARACHI: The State Bank of Pakistan (SBP) has asked the banks for opening of selected branches on Friday July 8, ...

Published 08 Jul, 2022 05:36am

Economy: daunting challenges

Since assuming power the coalition government of Pakistan Democratic Movement (PDM) has been facing multiple...

Published 08 Jul, 2022 05:36am

Inflation, stagflation, recession

Years of neoliberal assault globally leading to a diminishing role of government, especially in regulating markets,...

Published 08 Jul, 2022 05:36am

Euro’s 20-year low leaves ECB facing costly choices

The euro’s tumble towards parity against the dollar has pushed the European Central Bank back against a wall,...

Published 08 Jul, 2022 05:36am

Letters

Use of water for farming

It is heartening to note that the National Electric Power Regulatory Authority (Nepra) has said that the cost of...

Published 08 Jul, 2022 05:36am

Grains

Wheat rebounds 4pc as recession jitters abate

CHICAGO: Chicago Board of Trade wheat futures rose about 4% on Thursday, recovering from a 4-1/2 month low a day...

Published 08 Jul, 2022 05:36am

Grains

EU wheat rebounds with Chicago as demand in focus

PARIS: Euronext wheat climbed 4% on Thursday, rebounding with Chicago futures from four-month lows as investors’...

Published 08 Jul, 2022 05:36am

Grains

Egypt’s GASC bought about 63,000 tonnes of German wheat

CAIRO/HAMBURG: Egypt’s state grains buyer GASC purchased about 63,000 tonnes of German-origin wheat in a direct...

Published 08 Jul, 2022 05:36am

Grains

Asia rice: Strong demand props up India export rates

HANOI/BANGKOK/ MUMBAI/DHAKA: Indian rice export prices rose this week buoyed by strong demand as the rupee weakened,...

Published 08 Jul, 2022 05:36am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 53,439 tonnes of cargo comprising 27,552 tonnes of import cargo and 25,887...

Published 08 Jul, 2022 05:36am

The Weather

KARACHI: The weather report on Thursday (July 07, 2022) and the forecast for Friday (July 08, 2022)...

Published 08 Jul, 2022 05:36am

Rates

LME official prices

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

Published 08 Jul, 2022 05:36am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (July 07, 2022)...

Published 08 Jul, 2022 05:36am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (July 07, 2022). ======================================= Offset...

Published 08 Jul, 2022 05:36am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 07, 2022)....

Published 08 Jul, 2022 05:36am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (July 07, 2022)....

Published 08 Jul, 2022 05:36am

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 08 Jul, 2022 05:36am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 08 Jul, 2022 05:36am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (July 07, 2022). ==================================== BR...

Published 08 Jul, 2022 05:36am

Rates

BOARD MEETINGS

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

Published 08 Jul, 2022 05:36am

Rates

Dividend/Bonus Announcements

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

Published 08 Jul, 2022 05:36am

Stocks

Last date of renunciation/payment

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

Published 08 Jul, 2022 05:36am

Rates

Proposed right issues

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

Published 08 Jul, 2022 05:36am

Rates

Clearing Schedule for T+2 System

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

Published 08 Jul, 2022 05:36am

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 08 Jul, 2022 05:36am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Thursday (July 07, 2022). ======================== OFFER PRICE...

Published 08 Jul, 2022 05:36am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Thursday (July 07, 2022). ======================== OFFER PRICE...

Published 08 Jul, 2022 05:36am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Thursday (July 07, 2022). ======================== OFFER PRICE...

Published 08 Jul, 2022 05:36am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Thursday (July 07, 2022). ======================== OFFER PRICE ...

Published 08 Jul, 2022 05:36am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Thursday (July 07, 2022). ======================== OFFER PRICE 1,403.8522...

Published 08 Jul, 2022 05:36am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Thursday (July 07, 2022). ======================== OFFER PRICE...

Published 08 Jul, 2022 05:36am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Thursday (July 07, 2022). ======================== OFFER PRICE...

Published 08 Jul, 2022 05:36am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Thursday (July 07, 2022). ======================== OFFER PRICE...

Published 08 Jul, 2022 05:36am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Thursday (July 07, 2022). ======================== OFFER PRICE...

Published 08 Jul, 2022 05:36am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Thursday (July 07, 2022). ======================== OFFER PRICE...

Published 08 Jul, 2022 05:36am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (July 07, 2022). ========================== KIBOR...

Published 08 Jul, 2022 05:36am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Thursday (July 07, 2022)....

Published 08 Jul, 2022 05:36am

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 08 Jul, 2022 05:36am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (July 07,...

Published 08 Jul, 2022 05:36am

ECC decides to raise gas prices

Directs to further reduce the gas rates for export and non-export industry/captive power

Updated 08 Jul, 2022 09:42am

QTA 2Q 2021-22: Nepra increases Discos’ tariffs

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

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

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

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

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