News Archives for Print - 2022-08-12

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Print - 2022-08-12

Interior minister leaves for Saudi Arabia

ISLAMABAD: Minister for Interior Rana Sanaullah along with his family on Thursday departed for Saudi Arabia on...

Published 12 Aug, 2022 05:44am

High flood likely in Chenab

LAHORE: The Pakistan Meteorological Department (PMD) has issued medium to high-level flood alert in River Chenab as...

Published 12 Aug, 2022 05:44am

Wife of Gill’s driver among two held for ‘rioting’

ISLAMABAD: The capital police, on Thursday, arrested the wife of the driver of the Pakistan Tehreek-e-Insaf ...

Published 12 Aug, 2022 05:44am

Negative propaganda campaign: Joint inquiry body submits initial report to ministry

ISLAMABAD: The joint inquiry committee constituted to probe the issue of the negative propaganda campaign on social...

Published 12 Aug, 2022 05:44am

Efforts to create rift between Imran, army absurd: Fawad

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry on Thursday declared what he called the ruling...

Published 12 Aug, 2022 05:44am

Three kidnapped boys found murdered in Multan

MULTAN: Three children, who had been abducted a day ago within the jurisdiction of Makhdoom Rasheed police in ...

Published 12 Aug, 2022 05:44am

Babar Azam retains top spot in T20I rankings

LAHORE: Pakistan’s all-format skipper, Babar Azam, has retained his top spot in the latest ICC T-20I ranking....

Published 12 Aug, 2022 05:44am

Lesco resumes load-shedding after 10th Muharram

LAHORE: The Lahore Electric Supply Company (Lesco) has resumed load shedding after 10th of Muharram as the demand ...

Published 12 Aug, 2022 05:44am

PU institute holds conference: Promoting higher education need of the hour: PHEC chief

LAHORE: Punjab Higher Education Commission (PHEC) Chairman Professor Dr Shahid Munir has said that promoting higher...

Published 12 Aug, 2022 05:44am

Punjab CM announces setting up of SEZs

LAHORE: Announcing a plan to establish state-of-the-art Special Economic Zones (SEZs) in the province, Chief ...

Published 12 Aug, 2022 05:44am

Brazil farmers bet on environmentally friendly cotton

The road through Cristalina, Brazil is in the middle of the tropics, but the fields on either side look like they ...

Published 12 Aug, 2022 05:44am

Bilawal calls for ‘common approaches’ to tackle old, emerging challenges

ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari on Thursday called for developing common approaches to address...

Published 12 Aug, 2022 05:44am

PTI govt has failed to ensure rule of law in KP: Sharjeel

KARACHI: Sindh Information Minister Sharjeel Inam Memon Thursday demanded of Pakistan Tehreek Insaf to immediately...

Published 12 Aug, 2022 05:44am

Sindh Excise Dept collects over Rs8,912m in July

KARACHI: Sindh Excise Department has collected over Rs8,912 million in the first month of the current financial ...

Published 12 Aug, 2022 05:44am

FPCCI election: UBG to nominate candidates soon

KARACHI: President of United Business Group (UBG) Zubair Tufail has said that the stage of nomination of candidates...

Published 12 Aug, 2022 05:44am

US envoy visits mausoleum, pays tribute to Quaid-e-Azam

KARACHI: US Ambassador Donald Blome visited the mausoleum of Quaid-e-Azam Muhammad Ali Jinnah and paid his respect ...

Published 12 Aug, 2022 05:44am

Futsal competition marks 77th Independence Day of Indonesia

KARACHI: In order to commemorate the 77th of Independence Day of the Republic of Indonesia, on August 7, 2022, the...

Published 12 Aug, 2022 05:44am

Arctic warming four times faster than rest of Earth: study

PARIS: The Arctic has warmed nearly four times faster than the rest of the planet over the last 40 years, according...

Published 12 Aug, 2022 05:44am

‘Hero’ Lebanon hostage-taker turns self in after bank drama

BEIRUT: Bystanders hailed as a hero an armed customer who held bank staff hostage for hours Thursday in Lebanon...

Published 12 Aug, 2022 05:44am

The Weather

KARACHI: The weather report on Thursday (August 11, 2022) and the forecast for Friday (August 12, 2022)...

Published 12 Aug, 2022 05:44am

Stocks

PSX witnesses drawdown

KARACHI: Pakistan Stock Exchange Thursday closed on a negative note due to selling in various sectors as investors...

Published 12 Aug, 2022 05:44am

PARTLY FACETIOUS: The poem written by Elizabeth Browning

“So what is the difference?” “Between?” “Between Nawaz Sharif’s mujhe kyon nikala (why was I kicked...

Published 12 Aug, 2022 05:44am

Energy

Gasoil margins rise

SINGAPORE: Asia’s refining margins for 10 ppm gasoil rose on Thursday, amid a muted trading window, after stocks ...

Published 12 Aug, 2022 05:44am

Rates

Port Qasim activity

KARACHI: Five ships namely, MSC Houston, EM Astoria, IVS Atsugi, T Risha and Hafnia Shinano carrying Containers,...

Published 12 Aug, 2022 05:44am

Energy

Gasoline margin rises

NEW DELHI: Asia’s gasoline crack jumped for a third straight session after US inventories dropped in a bullish...

Published 12 Aug, 2022 05:44am

Energy

VLSFO cash differential slightly up

SINGAPORE: Residual stock levels at Singapore fell to their lowest in more than three years, latest data showed on...

Published 12 Aug, 2022 05:44am

Energy

US natgas up ahead of storage report as output declines

NEW YORK: US natural gas futures rose about 2% to a two-week high on Thursday with daily output on track to decline...

Published 12 Aug, 2022 05:44am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 10, 2022)....

Published 12 Aug, 2022 05:44am

Cotton & Textile

Official spot rate picks up Rs500 amid modest trading activity

LAHORE: The Spot Rate Committee of the Karachi Cotton Association on Thursday increased the spot rate by Rs 500 per...

Published 12 Aug, 2022 05:44am

Energy

Oil rises as IEA hikes 2022 demand growth forecast

NEW YORK: Oil prices rose more than $2 on Thursday after the International Energy Agency raised its oil demand ...

Published 12 Aug, 2022 05:44am

Stocks

European shares tick higher; Aegon shines on forecast raise

PARIS: European shares edged higher on Thursday after a strong rally in the previous session on signs of US ...

Published 12 Aug, 2022 05:44am

Stocks

China stocks see best day in 3 months

SHANGHAI: China’s blue-chip stock index closed higher on Thursday, posting its biggest jump in more than 3 months,...

Published 12 Aug, 2022 05:44am

Stocks

FTSE 100 ends down as GSK slumps

LONDON: Britain’s main stock indexes closed lower on Thursday, with the blue-chip FTSE 100 hit by a slump in...

Published 12 Aug, 2022 05:44am

Stocks

S&P 500, Nasdaq retreat despite signs of slowing inflation

NEW YORK: The S&P 500 and Nasdaq retreated on Thursday despite fresh evidence of inflation cooling further on ...

Published 12 Aug, 2022 05:44am

Pakistan at 75

Rule of law, transparency, accountability and fair treatment to all citizens are considered as the fundamental...

Published 12 Aug, 2022 05:44am

Need for fresh SDR allocation

Last August, the International Monetary Fund (IMF) issued enhanced special drawing rights (SDRs) allocation to the...

Published 12 Aug, 2022 05:44am

Rates

LME official prices

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

Published 12 Aug, 2022 05:44am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 11, 2022)...

Published 12 Aug, 2022 05:44am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (August 11, 2022). ======================================= Offset...

Published 12 Aug, 2022 05:44am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 11, 2022)....

Published 12 Aug, 2022 05:44am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (August 11, 2022). ======================== Open Bid...

Published 12 Aug, 2022 05:44am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (August 11, 2022)....

Published 12 Aug, 2022 05:44am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (August 11, 2022)....

Published 12 Aug, 2022 05:44am

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 Aug, 2022 05:44am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 12 Aug, 2022 05:44am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (August 11, 2022). ==================================== BR...

Published 12 Aug, 2022 05:44am

Stocks

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

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

Published 12 Aug, 2022 05:44am

Rates

BOARD MEETINGS

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

Published 12 Aug, 2022 05:44am

Rates

Dividend/Bonus Announcements

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

Published 12 Aug, 2022 05:44am

Stocks

Last date of renunciation/payment

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

Published 12 Aug, 2022 05:44am

Rates

Proposed right issues

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

Published 12 Aug, 2022 05:44am

Rates

Clearing Schedule for T+2 System

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

Published 12 Aug, 2022 05:44am

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 Aug, 2022 05:44am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Thursday (August 11, 2022). ======================== OFFER PRICE...

Published 12 Aug, 2022 05:44am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Thursday (August 11, 2022). ======================== OFFER PRICE...

Published 12 Aug, 2022 05:44am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Thursday (August 11, 2022). ======================== OFFER PRICE...

Published 12 Aug, 2022 05:44am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Thursday (August 11, 2022). ======================== OFFER PRICE...

Published 12 Aug, 2022 05:44am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Thursday (August 11, 2022). ======================== OFFER PRICE 1,421.8472...

Published 12 Aug, 2022 05:44am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Thursday (August 11, 2022). ======================== OFFER PRICE...

Published 12 Aug, 2022 05:44am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Thursday (August 11, 2022). ======================== OFFER PRICE...

Published 12 Aug, 2022 05:44am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Thursday (August 11, 2022). ======================== OFFER PRICE...

Published 12 Aug, 2022 05:44am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Thursday (August 11, 2022). ======================== OFFER PRICE...

Published 12 Aug, 2022 05:44am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Thursday (August 11, 2022). ======================== OFFER PRICE...

Published 12 Aug, 2022 05:44am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (August 11, 2022). ========================== KIBOR...

Published 12 Aug, 2022 05:44am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Thursday (August 11, 2022)....

Published 12 Aug, 2022 05:44am

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 Aug, 2022 05:44am

Forex

Open market rates of foreign currencies

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

Published 12 Aug, 2022 05:44am

CASA-1000: NTDC seeks $35m financing

Original cost of project was $185 million, of which $92.66 million has already been disbursed

Updated 12 Aug, 2022 08:57am

Rs50bn loan from consortium of banks: ECC decides to issue letter of comfort to PSO

Financing sought on urgent basis to fulfil international, domestic payment obligations

Updated 12 Aug, 2022 09:09am

Purchase of coal: CPHGC seeks Rs167bn from govt

Govt turns to South African coal as supply from Afghanistan is considerably less than agreed quantity

Updated 12 Aug, 2022 09:15am

FCA mechanism: KE’s tariff for June hiked by Rs11.10/unit

Power utility had sought Rs11.389 per unit hike to recover Rs22.254 billion from consumers

Updated 12 Aug, 2022 09:20am

Debt servicing: Forex reserves fall by over $2bn in 5 weeks

Total liquid foreign exchange reserves plunge to $13.56 billion

Updated 12 Aug, 2022 10:31am

Japanese meet PM, say mulling investing $1bn

Amount to be poured in various sectors of Pakistan's economy

Updated 12 Aug, 2022 12:12pm

PM for sustained high-level exchanges with EU

Tells ambassador Pakistan attached great importance to its relations with the EU

Updated 12 Aug, 2022 10:18am

Oil demand rises as gas prices surge: IEA

Prices of natural gas and electricity have jumped to new records

Updated 12 Aug, 2022 10:18am

South Asia

3 soldiers killed, 2 fighters martyred in Indian army base attack

Area around post was cordoned off as security forces conducted searches

Updated 12 Aug, 2022 10:20am

Swat, Miramshah and Mir Ali areas: PM forms 16-member Jirga to deal with law and order challenge

Locals are currently staging sit-in protest against increased incidents of target killings, militant activities

Updated 12 Aug, 2022 10:20am

USF and Ignite: Telecom operators seek suspension of their contribution for two years

Proposal aimed at partially mitigating digital emergency triggered by exponential increase in cost of doing business

Updated 12 Aug, 2022 09:41am

Import of petroleum products: PSO receives Rs62bn for confirmation of LCs

Issue pertaining to confirmation of LCs by local, international banks was resolved few weeks ago

Updated 12 Aug, 2022 10:47am

Revised tax regime for traders: Promulgation of Ordinance put off till next month

Sources say ordinance will be promulgated around September 1, 2022

Updated 12 Aug, 2022 10:30am

Pakistan, Turkiye to sign PTA today

Agreement will be followed by deeper market access in services and investment

Updated 12 Aug, 2022 10:28am

Clearance of import shipments at Karachi Port: Computer industry concerned at inordinate delay

ISLAMABAD: The computer industry has expressed serious concern over the delay in clearance of imported shipment of ...

Updated 12 Aug, 2022 10:40am

IK says will show ‘true freedom’ on 13th

PTI will hold rally on eve of independence day

Updated 12 Aug, 2022 10:51am

China defends decision to delay bid to sanction Azhar

UNITED NATIONS: China on Thursday defended its decision to delay a proposal by the United States and India at the UN...

Published 12 Aug, 2022 05:44am

South Asia

Top Taliban cleric killed in Kabul suicide blast

KABUL: A senior Taliban cleric known for his fiery speeches against the Islamic State (IS) was killed Thursday at ...

Published 12 Aug, 2022 05:44am

Iran rejects US claim of plot to kill ex-official Bolton

TEHRAN: Iran dismissed as “fiction” Thursday US allegations it had plotted to kill former White House national...

Published 12 Aug, 2022 05:44am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 19.335...

Published 12 Aug, 2022 05:44am

Commodities

India rice export rates slip on lack of demand

DHAKA/MUMBAI/BANGKOK/HANOI: India’s rice export rates dipped this week on lower demand, while domestic prices in...

Published 12 Aug, 2022 05:44am

Commodities

Vietnam coffee prices up; Indonesian market stable

HANOI/BANDAR LAMPUNG: Domestic coffee prices in Vietnam inched up this week on global cues, weaker local currencies...

Published 12 Aug, 2022 05:44am

Commodities

Iron ore futures rise as China restocking demand lifts spot prices

MANILA: Dalian and Singapore iron ore futures advanced on Thursday, as restocking demand underpinned spot prices in...

Published 12 Aug, 2022 05:44am

Commodities

Palm rises on firmer rivals

JAKARTA: Malaysian palm oil futures climbed on Thursday, supported by a bullish run in rival oils and data that...

Published 12 Aug, 2022 05:44am

Commodities

Gold inches lower on rate hike expectations by Federal Reserve

NEW YORK: Gold prices edged lower on Thursday, weighed down by prospects of more rate hikes by the US Federal ...

Published 12 Aug, 2022 05:44am

Commodities

Copper rises to 6-week high on US rate hike optimism

LONDON: Copper prices hit a six-week high on Thursday as bets the US Federal Reserve will ease the pace of interest...

Published 12 Aug, 2022 05:44am

Commodities

Chicago grains firm on yield uncertainty ahead of USDA report

CHICAGO: Chicago wheat and soybean futures rose higher on Thursday as a weaker US dollar lent support to...

Published 12 Aug, 2022 05:44am

Money & Banking

Mortgage finance market: $3.8bn additional loan volume can be created, says World Bank Group

ISLAMABAD: An additional loan volume of $3.8 billion can be created in the mortgage finance market by existing and...

Published 12 Aug, 2022 05:44am

Industry

Pak auto industry among main beneficiaries of CPEC: PCJCCI chief

LAHORE: “Automobile industry is an integral part for the development of highways, roads and infrastructure and it...

Published 12 Aug, 2022 05:44am

Dollar extends declines as traders pull back rate hike bets

Money & Banking

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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