News Archives for Print - 2022-11-12

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Print - 2022-11-12

Energy

Dastgir opens $95m AMI project

ISLAMABAD: Minister for Power Khurram Dastgir Khan on Friday inaugurated $ 95 million Advanced Metering...

Published 12 Nov, 2022 07:04am

Companies

Ticket discount: PIA, JS Bank sign agreement

KARACHI: Pakistan International Airlines (PIA) and JS Bank Ltd signed an agreement to offer discount on PIA...

Published 12 Nov, 2022 07:02am

Energy

Ogra reduces prices of imported LNG

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Friday notified 2.34 percent reduction in the prices of...

Published 12 Nov, 2022 06:58am

Letters

Khokar hasn’t acted prudently

According to media reports, Pakistan People’s Party (PPP) Senator Mustafa Nawaz Khokhar has announced that he will...

Published 12 Nov, 2022 06:55am

Money before climate; market downturn spurs ESG fund exodus

Funds adhering to environmental, social, and corporate governance (ESG) principles have been hit by unprecedented...

Published 12 Nov, 2022 06:45am

Credit Suisse overhaul

Credit Suisse’s recent decision to exit certain investment banking activities is drawing scrutiny from at least ...

Published 12 Nov, 2022 06:36am

The motorcycle scene

According to a survey in 2017, more than 700 new motorcycles were hitting the roads in Karachi every day, and the...

Published 12 Nov, 2022 06:30am

Energy sector—hiding behind the truth

Speaking on the occasion of signing of dollar 3 billion loan by World Bank to develop energy infrastructure and to...

Updated 12 Nov, 2022 06:51am

Sharia-compliant desperation

EDITORIAL: Finance Minister Ishaq Dar’s decision to give the economy a no-interest, sharia-compliant makeover by...

Updated 12 Nov, 2022 06:53am

Energy sector uplift

EDITORIAL: If the government is indeed committed to “ensuring sustainability of energy sector” and “providing...

Updated 12 Nov, 2022 06:49am

Three elevated SC judges administered oath

ISLAMABAD: Chief Justice of Pakistan Umar Ata Bandial on Friday administered the oath of office to Justice Athar...

Published 12 Nov, 2022 05:55am

Mumtaz Zahra Baloch now new FO spokesperson

ISLAMABAD: The government has appointed Mumtaz Zahra Baloch as the new spokesperson of the Ministry of Foreign...

Published 12 Nov, 2022 05:55am

US returns Pakistan artifacts

NEW YORK: The United States has returned to Pakistan more than 100 antiquities recovered from Indian-American art...

Published 12 Nov, 2022 05:55am

Senators take out rally to express solidarity with Swati

ISLAMABAD: Senators mainly from Pakistan Tehreek-e-Insaf (PTI) and other political parties took out a large rally...

Published 12 Nov, 2022 05:55am

COAS visits Multan Garrison

RAWALPINDI: Chief of Army Staff (COAS), General Qamar Javed Bajwa on Friday visited Multan and interacted with...

Published 12 Nov, 2022 05:55am

It’s admin’s responsibility to clear roads in capital: IHC

ISLAMABAD: The Islamabad High Court (IHC) said it was the responsibility of the administration of the federal ...

Published 12 Nov, 2022 05:55am

Parliamentary body told: FIA has no technology to monitor WhatsApp, trace unknown numbers

ISLAMABAD: The Director General of Federal Investigation Agency (FIA) on Friday informed a parliamentary body that...

Published 12 Nov, 2022 05:55am

CDWP clears six development projects worth Rs139bn

ISLAMABAD: The Central Development Working Party (CDWP) has cleared six development projects at the cost of Rs139...

Published 12 Nov, 2022 05:55am

Setting up of NICAT: contract awarded to NETSOL Technologies

ISLAMABAD: Ignite signed a contract for launching its first vertical incubator in Aerospace Technologies in...

Published 12 Nov, 2022 05:55am

PARTLY FACETIOUS: Where stakeholders fear to tread

“Power to the public!” “Indeed, where the government and powerful stakeholders feared to tread the public’s...

Updated 12 Nov, 2022 06:39am

Violation of Section 10: CCP issues show-cause notice to online education institute

ISLAMABAD: An enquiry conducted by the Competition Commission of Pakistan (CCP) has found that an online educational...

Published 12 Nov, 2022 05:55am

Dawlance marks 99th anniversary of Turkish Republic Day

KARACHI: Dawlance is the leading producer of innovative home appliances in Pakistan and a wholly-owned subsidiary of...

Published 12 Nov, 2022 05:55am

Flood victims: OGDCL distributes ‘winter packages’

KARACHI: The Oil and Gas Development Company Limited (OGDCL) has distributed 1,500 winter packages among the...

Published 12 Nov, 2022 05:55am

Academic wellbeing of students: BARD Foundation, IBA join hands

KARACHI: BARD Foundation and IBA University take the lead to be at the forefront in an informed response to the...

Published 12 Nov, 2022 05:55am

Lasbela Chamber demands early reconstruction of bridge damaged by floods

KARACHI: Lasbela Chamber of Commerce and Industry (LCCI) has asked to urgently start construction of the bridge and...

Published 12 Nov, 2022 05:55am

PBA condoles death

KARACHI: In a statement issued in Karachi Friday, the members of Pakistan Broad-casters Association (PBA) expressed...

Updated 12 Nov, 2022 07:23am

The Recruiters organises ‘TruKarachi’ event

KARACHI: The Recruiters, a leading recruitment and executive search consulting in Pakistan successfully organised...

Published 12 Nov, 2022 05:55am

Int’l Nursing Research Conference inaugurated at LUMHS

HYDERABAD: The International Nursing Research Conference 2022 was inaugurated at Liaquat University of Medical &...

Published 12 Nov, 2022 05:55am

QS Asia University Rankings 2023: COMSATS University among top 18 in S. Asia

ISLAMABAD: QS (Quac-quarelli Symonds) Asia University Rankings 2023, QS have ranked COMSATS University Islamabad...

Published 12 Nov, 2022 05:55am

CM gives cheque for Rs2.5m to PTI activist

LAHORE: PTI activist Ibtisam Hasan, who grabbed the accused who shot at Chairman PTI Imran Khan in the long march in...

Published 12 Nov, 2022 05:55am

Khokhar visits Imran at latter’s residence?

LAHROE: Former Pakistan Peoples Party (PPP) Senator Mustafa Nawaz Khokhar visited Pakistan Tehreek-e-Insaf (PTI)...

Published 12 Nov, 2022 05:55am

Security beefed up at Imran’s Zaman Park residence

LAHORE: Police and other security personnel have beefed up security measures by constructing a multi-tier security...

Published 12 Nov, 2022 05:55am

The Weather

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

Published 12 Nov, 2022 05:55am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 12 Nov, 2022 05:55am

Stocks

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

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

Published 12 Nov, 2022 05:55am

Stocks

Last date of renunciation/payment

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

Published 12 Nov, 2022 05:55am

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 Nov, 2022 05:55am

Rates

EFU Managed Growth Fund Rates

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

Published 12 Nov, 2022 05:55am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Friday (November 11, 2022). ======================== Offer Price...

Published 12 Nov, 2022 05:55am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Friday (November 11, 2022). ======================== Offer Price...

Published 12 Nov, 2022 05:55am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Friday (November 11, 2022). ======================== Offer ...

Published 12 Nov, 2022 05:55am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Friday (November 11, 2022). ======================== Offer Price...

Published 12 Nov, 2022 05:55am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Friday (November 11, 2022). ======================== Offer Price...

Published 12 Nov, 2022 05:55am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Friday (November 11, 2022). ======================== Offer Price 1260.6190 Bid...

Published 12 Nov, 2022 05:55am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Friday (November 11, 2022). ========================...

Published 12 Nov, 2022 05:55am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Friday (November 11, 2022). ========================...

Published 12 Nov, 2022 05:55am

Global food import bill to jump to record $1.9trn

UN’s FAO issues grim warning

Updated 12 Nov, 2022 09:32am

SPI inflation up 0.74pc WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) based inflation for the week ended November 10, recorded an increase...

Updated 12 Nov, 2022 09:38am

Pakistan at COP27 demands climate aid

SHARM EL-SHEIKH, (Egypt): Pakistan will not be satisfied unless UN climate summit negotiators unlock emergency cash...

Published 12 Nov, 2022 05:55am

Rates

PSX: bulls rule the roost

KARACHI: Pakistan Stock Exchange on Friday witnessed another bullish session on the back of fresh buying, mainly in...

Published 12 Nov, 2022 05:55am

India’s IPEF membership will boost region: Yellen

NOIDA, (India): India’s membership in the Indo-Pacific Economic Framework (IPEF) will make supply chains resilient...

Updated 12 Nov, 2022 09:35am

There’s ‘sufficient’ power generation, NA told

ISLAMABAD: The government informed the National Assembly on Friday that power generation capacity is sufficient –...

Updated 12 Nov, 2022 09:38am

Nepra approves paisa 51/kWh raise in KE’s tariff

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has approved an increase of Paisa 51/kWh in KE’s...

Updated 12 Nov, 2022 09:39am

COAS’ appointment: PTI chief again talks of merit, meritocracy

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has said that he strongly believes that the appointment...

Updated 12 Nov, 2022 09:33am

New COAS to be selected from among three officers: minister

ISLAMABAD: Federal Minister for Education Rana Tanveer Hussain on Friday said the new Army Chief will be selected...

Updated 12 Nov, 2022 09:37am

Senate body members accuse FBR of harassing people

ISLAMABAD: Members of the Senate Standing Committee on Finance have accused the Federal Board of Revenue (FBR) of...

Updated 12 Nov, 2022 09:35am

Jul-Oct remittances down 9pc YoY

KARACHI: Inflows of home remittances fell by 9 percent during the first four months of this fiscal year (FY23) as...

Published 12 Nov, 2022 05:55am

Pharma exports reach $325m mark, says DRAP CEO

ISLAMABAD: Pakistan’s pharmaceutical industry exports have reached $325 million owing to enabling business...

Updated 12 Nov, 2022 09:36am

Blome tells APTMA leadership, members: US wants to deepen trade relations with Pakistan

LAHORE: Donald Blome, US Ambassador to Pakistan, said on Friday the US government was keen to foster bilateral trade...

Updated 12 Nov, 2022 09:34am

BankIslami: JS Bank acquires 86,316,954 ordinary shares

KARACHI: JS Bank Limited has acquired 86,316,954 ordinary shares, constituting 7.79 percent paid-up capital of...

Published 12 Nov, 2022 05:55am

Twitter chaos deepens as key executives quit

SAN FRANCISCO: Elon Musk’s ownership of Twitter descended deeper into chaos as key security executives resigned...

Published 12 Nov, 2022 05:55am

Draft amendments in Customs Rules, 2001 issued: FBR imposes new terms on global carriage of goods by road

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed new conditions on the international carriage of goods by...

Updated 12 Nov, 2022 09:34am

AGPR, CAO, MoFA, PPOD, MAG and CDNS: FD seeks to conduct audit of provident funds

ISLAMABAD: The Finance Division has requested to conduct a special audit of Provident Funds (PF) maintained by...

Published 12 Nov, 2022 05:55am

Ogra grants licence to PGPL for sale of gas, RLNG

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra), on Friday, granted license to Pakistan GasPort Limited ...

Published 12 Nov, 2022 05:55am

Consignments, LCs: SBP governor assures FBR chief issues will be resolved

ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad called on Asim Ahmad, Chairman FBR at FBR HQ to...

Published 12 Nov, 2022 05:55am

Cotton & Textile

Modest business on cotton market

LAHORE: The local cotton market on Friday remained steady and the trading volume remained satisfactory. Naseem ...

Published 12 Nov, 2022 05:55am

Commodities

First Electronic Warehouse Receipt trades at PMEX

KARACHI: The first Electronic Warehouse Receipt (EWR) of yellow maize was traded at Pakistan Mercantile Exchange...

Published 12 Nov, 2022 05:55am

Energy

Vakil likely to become GHCL CEO

ISLAMABAD: Federal Government is likely to appoint Abdul Vakil as Chief Executive Officer (CEO) of Genco Holding...

Published 12 Nov, 2022 05:55am

Taxes

FBR urges LCCI members to submit tax returns on time

LAHORE: The Federal Board of Revenue has urged the Lahore Chamber of Commerce and Industry (LCCI) to ask its members...

Published 12 Nov, 2022 05:55am

Taxes

October Punjab tax collection rises 33pc to 14.55bn YoY

LAHORE: The Punjab government has surpassed its monthly target yet again collecting Rs14.548 billion during October,...

Published 12 Nov, 2022 05:55am

Forex

Dollar's rate in interbank market

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

Published 12 Nov, 2022 05:55am

Forex

Kerb buying and selling rate of US dollar

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

Published 12 Nov, 2022 05:55am

Rates

Revised Rates of Debt Securities

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

Published 12 Nov, 2022 05:55am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (November 11, 2022). ==================================== BR...

Published 12 Nov, 2022 05:55am

Rates

BOARD MEETINGS

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

Published 12 Nov, 2022 05:55am

Rates

Dividend/Bonus Announcements

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

Published 12 Nov, 2022 05:55am

Rates

Proposed right issues

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

Published 12 Nov, 2022 05:55am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

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

Published 12 Nov, 2022 05:55am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

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

Published 12 Nov, 2022 05:55am

Rates

EFU TAKAFUL GROWTH FUND RATES

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

Published 12 Nov, 2022 05:55am

Rates

EFU INCOME GROWTH FUND

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

Published 12 Nov, 2022 05:55am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Friday (November 11, 2022). ======================== OFFER PRICE 1,456.9349...

Published 12 Nov, 2022 05:55am

Rates

EFU GUARANTEED GROWTH FUND RATES

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

Published 12 Nov, 2022 05:55am

Rates

EFU Aitemad Growth Fund Rates

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

Published 12 Nov, 2022 05:55am

Rates

EFU Capital Growth Fund Rates

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

Published 12 Nov, 2022 05:55am

Rates

EFU Pension Growth Fund Rates

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

Published 12 Nov, 2022 05:55am

Money & Banking

Unauthorised foreign exchange activities: SBP introduces ‘Whistle Blowing Forum’

KARACHI: The State Bank of Pakistan (SBP) on Friday introduced Whistle Blowing Forum for identification of...

Published 12 Nov, 2022 05:55am

Industry

SECP registers 2,361 new companies in October

ISLAMABAD: The integration of the Securities and Exchange Commission of Pakistan (SECP) and the Federal Board of...

Published 12 Nov, 2022 05:55am

Industry

Smeda launches e-learning curriculum for SMEs

LAHORE: The Small & Medium Enterprises Development Authority (SMEDA) and the Revenue Mobilization, Investment ...

Published 12 Nov, 2022 05:55am

Companies

HBL participates in Finja’s Series A2 Funding Round

KARACHI: Finja, Pakistan’s largest dual-licensed SME digital lending platform, announced fresh capital injection ...

Published 12 Nov, 2022 05:55am

Industry

FPCCI chief brings under sharper focus criticality of food security

KARACHI: Irfan Iqbal Sheikh, President Federation of Pakistan Commerce and Industry (FPCCI) has said that after...

Published 12 Nov, 2022 05:55am

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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