News Archives for Print - 2022-11-13

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Print - 2022-11-13

US Democrats close in on Senate majority

WASHINGTON: Joe Biden’s Democrats were just one seat away Saturday from securing a remarkable midterm election...

Published 13 Nov, 2022 03:03am

The Weather

KARACHI: The weather report on Saturday (November 12, 2022) and the forecast for Sunday (November 13, 2022)....

Published 13 Nov, 2022 03:03am

Biden to press Xi on N Korea in G20 talks

PHNOM PENH: US President Joe Biden arrived in Asia on Saturday vowing to urge Chinese leader Xi Jinping to rein in...

Published 13 Nov, 2022 03:03am

LHC orders to quash FIR registered against Nasrulllah Khan

LAHORE: The Lahore High Court observed that a person of “unsound mind” who is incapable of assisting in his own...

Published 13 Nov, 2022 03:03am

Sindh subjected to worst shortage despite providing 60pc of local gas: Wahab

KARACHI: Administrator Karachi Murtaza Wahab has noted that despite contributing 60 percent of the total domestic...

Published 13 Nov, 2022 03:03am

FTO protects low-paid PTV employees from unfair taxation

LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has protected the low-paid employees of Pakistan Television...

Published 13 Nov, 2022 03:03am

IK accused of plotting against state to appease India, Israel

KARACHI: Provincial Information Minister Sharjeel Inam Memon has said that Imran Khan and other PTI leaders are...

Published 13 Nov, 2022 03:03am

PCBDDA chief visits CBD Punjab project site

LAHORE: Chief Executive Officer of Punjab Central Business District Development Authority (PCBDDA), Imran Amin...

Published 13 Nov, 2022 03:03am

COAS visits Lahore Garrison

LAHORE: Chief of Army Staff General Qamar Javed Bajwa visited the Lahore Garrison on Saturday where he was received...

Published 13 Nov, 2022 03:03am

Dry weather likely across country today

KARACHI: The country’s most parts are likely to witness dry weather on Sunday, the Met Office said on Saturday....

Published 13 Nov, 2022 03:03am

Taxes

Alvi calls for promoting tax culture to strengthen economy

LAHORE: Emphasizing the need for promotion of tax culture, President Dr Arif Alvi said on Saturday that tax...

Published 13 Nov, 2022 03:03am

‘Designs’ against DJ college worry JI leader

KARACHI: Jamaat-e-Islami (JI) Karachi chief Engr Hafiz Naeemur Rehman has strongly criticised the government of ...

Published 13 Nov, 2022 03:03am

SAU holds PhD seminar on irrigation

HYDERABAD: The Sindh Agriculture University’s (SAU) Faculty of Agricultural Engineering Dean Dr Altaf Ali Siyal...

Published 13 Nov, 2022 03:03am

Doctor shot dead in ‘targeted attack’ in Karachi

KARACHI: A doctor was shot dead by unidentified men near Super Highway Karachi on Saturday. According to police, ...

Published 13 Nov, 2022 03:03am

Elahi vows to provide excellent facilities to Lahorites

LAHORE: Chief Minister Punjab Chaudhry Pervaiz Elahi stated that the Lahorites will be provided excellent basic...

Published 13 Nov, 2022 03:03am

Eminent Islamic economist Nejatullah Siddiqi passes away

NEW DELHI: An eminent Islamic economist and Indian scholar, Mohammad Nejatullah Siddiqi, died at the age of 91 in ...

Published 13 Nov, 2022 03:03am

Turkey appoints new envoy to Israel after four-year gap

ANKARA: Turkey has appointed an ambassador to Israel after a gap of four years in the latest step towards ...

Published 13 Nov, 2022 03:03am

Rajiv Gandhi killers walk free after India court order

VELLORE: The last co-conspirators jailed for the 1991 assassination of former Indian prime minister Rajiv Gandhi...

Published 13 Nov, 2022 03:03am

At least 19 killed in Egyptian minibus crash

CAIRO: At least 19 people were killed and six injured Saturday when the minibus they were travelling in overturned ...

Published 13 Nov, 2022 03:03am

Babar Azam moves to Peshawar Zalmi

LAHORE: Pakistan all-format captain and the most successful batter in the history of the tournament, Babar Azam, ...

Published 13 Nov, 2022 03:03am

Minimum tax exemption: SC sets aside PHC orders

ISLAMABAD: The Supreme Court set aside the orders of the Peshawar High Court (PHC) regarding exemption from the...

Updated 13 Nov, 2022 09:26am

Local UC can’t proceed in divorce cases of foreign nationals: LHC

Court rules chairman union council would have jurisdiction in the matter only where a woman was residing within his territorial jurisdiction

Updated 13 Nov, 2022 09:29am

‘We left economy in robust health,’ says Imran

Former premier says the growth rate, tax collection, exports, and remittance have declined in the past six months

Updated 13 Nov, 2022 10:14pm

BOA meeting tomorrow: BoI to discuss development, provision of utilities in SEZs

ISLAMABAD: The Board of Investment (BoI) has notified its Board of Approval (BOA) meeting scheduled for Monday to...

Updated 13 Nov, 2022 09:26am

KNIP likely to be restructured for the third time

ISLAMABAD: The Karachi Neighbourhood Improvement Project (KNIP) worth $86 million is proposed to be restructured for...

Updated 13 Nov, 2022 09:26am

Ministry launches Rs40bn project for 20 poorest districts

ISLAMABAD: The Ministry of Planning, Development, and Special Initiatives has launched a five-year (2022-27) project...

Updated 13 Nov, 2022 09:25am

Taxes

Non-filers to pay increased rates of WHT

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to strictly monitor budgetary measures introduced under ...

Updated 13 Nov, 2022 06:05pm

SECP revises fee structure for corporate sector

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a revised fee structure for the...

Updated 13 Nov, 2022 09:25am

‘Riba-free’ banking: SBP withdraws appeal against FSC verdict

ISLAMABAD: The State Bank of Pakistan (SBP) on Saturday filed an application before the Supreme Court to withdraw...

Updated 13 Nov, 2022 09:24am

Forex

SBP review of sale, purchase deals: Increased FX income of banks driven by higher spread, Senate panel told

ISLAMABAD: The review of sale/purchase transactions of inspected banks suggested that the overall increase in ...

Updated 13 Nov, 2022 09:25am

Dar in talks with Dubai banks

The commercial banks reposed their confidence in the current economic policies of the government and reiterated their continued support for Pakistan

Updated 13 Nov, 2022 09:41am

MBS’ visit postponed

ISLAMABAD: The most discussed visit of Saudi Crown Prince and Prime Minister of the Kingdom of Saudi Arabia Mohammad...

Updated 13 Nov, 2022 09:25am

PM delays London’s departure

ISLAMABAD: Prime Minister Shehbaz Sharif has extended his stay in London, apparently to continue consultations with...

Updated 13 Nov, 2022 09:26am

Broadening tax base: Two directorates made functional: FBR

FBR clarifies that the present policy of FBR and the Federal Government is also based on a direct tax-dominated system

Updated 13 Nov, 2022 09:43am

Rates

Automart: car prices in Karachi

Rates in the week ended Saturday November 12, 2022

Published 13 Nov, 2022 03:03am

Cotton & Textile

Cotton spot rate goes up by Rs300 amid improved business

LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Saturday increased the spot rate by Rs ...

Published 13 Nov, 2022 03:03am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday (November 12, 2022)....

Published 13 Nov, 2022 03:03am

Commodities

Iron ore futures soar

MANILA: Iron ore futures climbed more than 4% on Friday, resuming their rally after China’s new top leadership ...

Published 13 Nov, 2022 03:03am

Commodities

Malaysian palm oil futures jump

KUALA LUMPUR: Malaysian palm oil futures jumped on Friday as early November exports surged, but the contract remains...

Published 13 Nov, 2022 03:03am

Commodities

Japanese rubber futures extend losses

SINGAPORE: Japanese rubber futures extended losses for a third straight session on Friday, tracking losses in the...

Published 13 Nov, 2022 03:03am

Commodities

Copper nears 5-month high on demand expectations

BEIJING: Copper prices hit a nearly five-month high on Friday, driven by hopes that the US Federal Reserve could ...

Published 13 Nov, 2022 03:03am

Commodities

ICE canola

WINNIPEG, (Manitoba): ICE canola futures dipped on Thursday, pressured by a strong Canadian dollar and weaker ...

Published 13 Nov, 2022 03:03am

Energy

Oil higher as China eases Covid curbs

LONDON: Oil prices settled higher on Friday but fell week-on-week after health authorities in China eased some of ...

Published 13 Nov, 2022 03:03am

Commodities

Soybeans up on China’s move to ease some Covid-19 curbs

CHICAGO: Chicago Board of Trade soybean futures rallied on Friday, on hopes that China’s move to ease some ...

Published 13 Nov, 2022 03:03am

Commodities

Gold races for best week since March 2020 on Fed slowdown hopes

NEW YORK: Gold prices extended gains to a near three-month high on Friday and were heading for their best week in...

Published 13 Nov, 2022 03:03am

Commodities

India weighs steps to cool wheat prices

MUMBAI/NEW DELHI: Soaring wheat prices in India could prompt price-cooling measures such as the release of state...

Published 13 Nov, 2022 03:03am

Commodities

Syngenta provides drone spray services on 5,000 acres of farmland

LAHORE: Syngenta Pakistan Limited, a leading agriculture innovation and technology company has successfully piloted...

Published 13 Nov, 2022 03:03am

Letters

SECP – past, present and future

The organisation I knew in early 90s was a typical government organisation known as Corporate Law Authority without...

Published 13 Nov, 2022 03:03am

Arrival of emissions-free buses

EDITORIAL: While a month-long electric buses test run started in Lahore by the Punjab Transport Company (PTC) is ...

Published 13 Nov, 2022 03:03am

LG polls on Dec 31: ECP receives 3,866 nominations for 1,212 MCI seats

The local bodies in ICT completed their five-year term in February last year

Updated 13 Nov, 2022 09:30am

Pakistan, Hungary sign deal on defence cooperation

Agreement inked during the visit of Secretary Defence retired Lieutenant General Hamood Uz Zaman Khan to Budapest on the invitation of Secretary for Defence Policy and Defence Development Hungary Dr Gaspar Maroth

Updated 13 Nov, 2022 09:43am

IDEAS to bring together defence products from across globe

Exhibition will start on 15 November after a grand inauguration ceremony and will continue till 18 November

Updated 13 Nov, 2022 09:32am

Cases of theft, snatching, robbery on the rise in capital

ISLAMABAD: The federal capital is witnessing an increase in incidents of auto theft, mobile snatching, and robbery,...

Published 13 Nov, 2022 03:03am

Allegations of Swati: Waseem rejects Senate probe panel

ISLAMABAD: Opposition Leader in the Senate Dr Shahzad Waseem rejected the 14-member Senate committee, constituted to...

Published 13 Nov, 2022 03:03am

Commodities

Prices of essential kitchen items show upward trend

ISLAMABAD: The prices of essential kitchen items have continued witnessing an upward trend as during this week past...

Published 13 Nov, 2022 03:03am

Commodities

Gold prices rise

KARACHI: Gold prices on Saturday closed upward on the local market, traders said. They went up by Rs500 to Rs155900...

Published 13 Nov, 2022 03:03am

Money & Banking

Riba-free banking to boost economy: CPG

Ministry of Finance recently announced the withdrawal of all the appeals against the Federal Shariat Court’s verdict

Updated 13 Nov, 2022 09:44am

‘Like the Moon’: Astronauts flock to Spanish isle to train

Kneeling on the edge of a deep crater, astronaut Alexander Gerst uses a chisel to collect a sample of volcanic rock...

Published 13 Nov, 2022 03:03am

As Biden returns to table with Xi, US views darken on Chinese leader

Sitting next to Xi Jinping during one of their marathon sessions in 2011, Joe Biden saluted the direction of ...

Published 13 Nov, 2022 03:03am

Diabetes education: Protect tomorrow by investing today

Diabetes awareness month takes place every year in November, with the 14th recognised as World Diabetes Day. First...

Published 13 Nov, 2022 03:03am

Financing ‘climate justice’

EDITORIAL: Prime Minister Shahbaz Sharif raised all the right points in his meetings with world leaders at the COP27...

Published 13 Nov, 2022 03:03am

Companies

SSGCL faces financial crunch

ISLAMABAD: Sui Southern Gas Company Limited (SSGCL) is reportedly facing a severe financial crunch due to ...

Updated 13 Nov, 2022 11:27am

Industry

Sanjrani calls for efforts to boost exports to Canada

ISLAMABAD: Chairman Senate Muhammad Sadiq Sanjrani has said that Canada is a very important market for Pakistan and...

Published 13 Nov, 2022 03:03am

Industry

FCCI voices concern over proposed hike in gas price

FAISALABAD: Faisalabad Chamber of Commerce & Industry (FCCI) president Dr Khurram Tariq has expressed concern...

Published 13 Nov, 2022 03:03am

Industry

Visits ICCI offices: Azerbaijan envoy for three-nation bloc also featuring Pakistan, Turkiye

ISLAMABAD: Khazar Farhadov, Ambassador of Azerbaijan has said that Pakistan, Azerbaijan and Turkey have good...

Published 13 Nov, 2022 03:03am

Companies

SAP Pakistan awarded ‘Great Place to Work’ certificate

KARACHI: Coinciding with its 50th anniversary since it’s been established, the leading technology enabler SAP has...

Published 13 Nov, 2022 03:03am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 10	284.60
USD PKR Interbank Buying / Jul 10	284.40
USD to Japanese Yen / Jul 10	146.33
USD to Swiss Franc / Jul 10	0.79
Pound Sterling to USD / Jul 10	1.36
Euro to USD / Jul 10	1.17
UK LIBOR % / Jul 9	4.96

Stock	Volume
S&P 500 / Jul 9	6,263.26
Nasdaq / Jul 9	20,608.23
Dow Jones / Jul 9	44,458.30
India Sensex / Jul 10	83,178.25
Tokyo Nikkei / Jul 10	39,635.72
Hang Seng / Jul 10	23,993.59
FTSE 100 / Jul 10	8,954.79
Germany DAX 30 / Jul 10	24,594.32
France CAC40 / Jul 10	7,915.95

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 9	16,585
Gold 10 Grams PKR / Jul 9	301,354
Petrol/Litre / Jul 10	266.79
Crude Oil USD/Barrel / Jul 10	68.49
Gold Spot USD/Ounce / Jul 10	3,325.15
Diesel/Litre / Jul 10	272.98
Cotton US¢/pound / Jul 10	67.73

Gainers
Losers
Leaders

Stock	Price
First IBL Mod. / Jul 10 First IBL Modaraba(FIBLM)	5.25 ▲ 0.65 (14.13%)
Premier Insurance / Jul 10 Premier Insurance Limited(PINL)	8.30 ▲ 1 (13.7%)
Kohinoor Ind. / Jul 10 Kohinoor Industries Limited(KOIL)	14.80 ▲ 1.35 (10.04%)
Habib Insurance / Jul 10 Habib Insurance Company Limited(HICL)	11.52 ▲ 1.05 (10.03%)
Beco Steel Ltd / Jul 10 Beco Steel Limited(BECO)	28.89 ▲ 2.63 (10.02%)
J.A.Textile / Jul 10 J.A. Textile Mills Limited(JATM)	29.76 ▲ 2.71 (10.02%)
Dewan Automotive Eng. / Jul 10 Dewan Automotive Engineering Limited(DWAE)	36.27 ▲ 3.3 (10.01%)
Zahid Jee Textile / Jul 10 Zahidjee Textile Mills Limited(ZAHID)	85.54 ▲ 7.78 (10.01%)
Arpak Int. / Jul 10 Arpak International Investments Ltd.(ARPAK)	68.51 ▲ 6.23 (10%)
Suraj Cotton / Jul 10 Suraj Cotton Mills Limited(SURC)	146.64 ▲ 13.33 (10%)

Stock	Price
TPL Trakker Ltd / Jul 10 TPL Trakker Limited(TPLT)	8.02 ▼ -1 (-11.09%)
Trust Mod. / Jul 10 Trust Modaraba(TRSM)	8.72 ▼ -1 (-10.29%)
Fateh Ind. / Jul 10 Fateh Industries Limited(FIL)	133.70 ▼ -14.85 (-10%)
F.Credit & Inv / Jul 10 First Credit and Investment Bank Limited(FCIBL)	16.13 ▼ -1.79 (-9.99%)
Shahzad Tex. / Jul 10 Shahzad Textile Mills Limited(SZTM)	71.90 ▼ -6.17 (-7.9%)
Din Tex. / Jul 10 Din Textile Mills Limited(DINT)	106 ▼ -8.6 (-7.5%)
Nets Internat.Comm. / Jul 10 Nets International Communication Limited(GEMNETS)	28 ▼ -2 (-6.67%)
Haseeb Waqas / Jul 10 Haseeb Waqas Sugar Mills Limited(HWQS)	21.15 ▼ -1.38 (-6.13%)
Ideal Spinning / Jul 10 Ideal Spinning Mills Limited(IDSM)	26 ▼ -1.6 (-5.8%)
Maqbool Tex. / Jul 10 Maqbool Textile Mills Limited(MQTM)	45 ▼ -2.54 (-5.34%)

Stock	Volume
B.O.Punjab / Jul 10 The Bank of Punjab(BOP)	58,677,417 ▲ 0.47
Kohinoor Spining / Jul 10 Kohinoor Spinning Mills Limited(KOSM)	24,722,413 ▲ 0.16
Fast Cables / Jul 10 Fast Cables Limited(FCL)	22,616,503 ▲ 1.49
Aisha Steel Mill / Jul 10 Aisha Steel Mills Limited(ASL)	16,698,420 ▲ 0.27
Ghani Chemworld / Jul 10 Ghani Chemworld Limited(GCWL)	16,573,967 ▼ -0.44
Secure Logistics / Jul 10 Secure Logistics Group Limited(SLGL)	13,447,470 ▲ 0.78
Invest Bank / Jul 10 Invest Capital Investment Bank Limited(ICIBL)	12,795,495 ▲ 0.85
Big Bird Foods / Jul 10 Big Bird Foods Limited(BBFL)	12,759,671 ▲ 1.59
WorldCall Telecom / Jul 10 Worldcall Telecom Limited(WTL)	12,671,512 ▼ -0.02
Beco Steel Ltd / Jul 10 Beco Steel Limited(BECO)	12,349,832 ▲ 2.63

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