News Archives for Print - 2022-12-16

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Print - 2022-12-16

Discounted Russian oil not ‘a reality,’ says Bilawal

UNITED NATIONS: Pakistan is seeking “to address the energy shortfalls and difficulties we’re facing,” Foreign...

Published 16 Dec, 2022 07:42am

One killed, scores injured in fresh shelling by Afghan forces

QUETTA: Clashes erupted once again between the border forces of Afghanistan and Pakistan near the key Chaman-Spin...

Published 16 Dec, 2022 07:39am

US CENTCOM chief meets COAS

ISLAMABAD: General Michael Erik Kurilla, Commander United States Central Command (CENTCOM) along with a delegation...

Published 16 Dec, 2022 07:34am

Forex reserves stand at $6.7bn

KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves did not record any major change during the...

Published 16 Dec, 2022 07:31am

D-SIBs: SBP announces designation for 2022

KARACHI: The State Bank of Pakistan (SBP) has announced the designation of D-SIBs for the year 2022 under the...

Published 16 Dec, 2022 07:28am

Netanyahu urges US to reaffirm commitment to KSA

DUBAI: Israeli Prime Minister-designate Benjamin Netanyahu urged key ally the United States to reaffirm its...

Published 16 Dec, 2022 06:57am

Heathrow ground handling staff suspend strike

LONDON: Heathrow Airport baggage handlers have suspended a planned strike, their union said on Thursday, as...

Published 16 Dec, 2022 06:52am

Money & Banking

Euro spikes, then drops after hawkish ECB

NEW YORK: The euro fell on Thursday as investors took profits from a brief surge in the currency after European...

Published 16 Dec, 2022 05:58am

Europe

EU faces subsidy race with US in trade spat

BRUSSELS: EU leaders debated how to protect their industries from subsidised American competition, amid fears of a...

Published 16 Dec, 2022 05:58am

Middle East

Iran blames US after being removed from UN rights body

TEHRAN: Iran on Thursday accused the United States of orchestrating its removal from a UN women’s rights body over...

Published 16 Dec, 2022 05:58am

Tensions rise between Armenia and Azerbaijan over blocked supply corridor

TBILISI: Russia expressed concern on Thursday over escalating tensions between Armenia and Azerbaijan as a key road...

Published 16 Dec, 2022 05:58am

Putin says Russia will fight sanctions with shift in trade and energy flows

MOSCOW: President Vladimir Putin said on Thursday that Russia would expand trade cooperation with new partners,...

Published 16 Dec, 2022 05:58am

Companies

Temenos, NdcTech to expand market reach in Pakistan, GCC region

KARACHI: Temenos has signed an agreement to grant licence rights to NdcTech, a wholly owned subsidiary of Systems...

Published 16 Dec, 2022 05:58am

Police Order 2002: SC bars transfer of officers before end of tenure

ISLAMABAD: The Supreme Court barred the transfer of police officers before the end of their tenure as specified in...

Published 16 Dec, 2022 05:58am

Restoration of air link can boost Pak-Russia ties, says academic

KARACHI: Prof Vyacheslav Ya Belokrenitsky has said that restoration of direct air link between Pakistan and Russia,...

Published 16 Dec, 2022 05:58am

PCFR hosts dinner in honour of Algerian envoy

KARACHI: The Pakistan Council on Foreign Relations (PCFR) - a Karachi-based registered think tank - hosted a dinner...

Published 16 Dec, 2022 05:58am

Rs0.4m for each household in South Waziristan: Panel takes notice of delay in disbursement

ISLAMABAD: A parliamentary panel on Thursday took notice of the delay in payment of Rs0.4 million to each household...

Published 16 Dec, 2022 05:58am

Heated tobacco products: NA body voices concern over decision to legalise sale

ISLAMABAD: The National Assembly Standing Committee on National Health Services on Thursday, while expressing ...

Published 16 Dec, 2022 05:58am

Companies

MMBL, Quwat sign MoU

ISLAMABAD: Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL), has signed a strategic...

Published 16 Dec, 2022 05:58am

Qureshi urges NA Speaker to accept resignations

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Shah Mehmood Qureshi has urged National Assembly Speaker Raja...

Published 16 Dec, 2022 05:58am

Toshakhana case: IHC summons Imran Khan on Jan 9

ISLAMABAD: Declaring the Election Commission of Pakistan (ECP)’s petition for initiating criminal proceedings...

Published 16 Dec, 2022 05:58am

Sanjrani ends session abruptly, without issuing Swati’s production order

ISLAMABAD: Abrupt adjournments continue to rule the roost at the upper house of the parliament as the Chairman ...

Published 16 Dec, 2022 05:58am

After another border attack, Senate body calls for review of Afghanistan policy

ISLAMABAD: The Senate Standing Committee on Foreign Affairs on Thursday called for revisiting the country’s ...

Published 16 Dec, 2022 05:58am

Alvi lauds PN’s role in safeguarding national interests despite constraints

LAHORE: President Dr Arif Alvi said that Pakistan Navy was playing a commendable role to safeguard and protect...

Published 16 Dec, 2022 05:58am

CM grants status of district to Taunsa

LAHORE: Chief Minister Punjab Chaudhry Parvez Elahi has given final approval to give district status to Taunsa. ...

Updated 16 Dec, 2022 08:03am

PARTLY FACETIOUS: SS has displayed his gifts at PM’s House

“Our premise was all wrong – reaching spiritual heights does not preclude love of physical asset ...

Published 16 Dec, 2022 05:58am

Alvi to chair PITB event

LAHORE: President of Pakistan Dr Arif Alvi will chair a Punjab Information Technology Board (PITB) event in...

Published 16 Dec, 2022 05:58am

Moonis reassures IK over dissolution of Punjab PA

LAHORE: Pakistan Muslim League-Quaid (PML-Q) leader Moonis Elahi called on Pakistan Tehreek-e-Insaf (PTI) chairman...

Published 16 Dec, 2022 05:58am

Stocks

Wall Street falls sharply on angst over hawkish Fed

NEW YORK: US stock indexes fell sharply on Thursday, with the Dow on track for its steepest single-day fall in three...

Published 16 Dec, 2022 05:58am

Stocks

China, HK stocks fall on Covid surge

SHANGHAI: China and Hong Kong stocks fell on Thursday, tracking subdued Asian peers, as China’s rising COVID-19...

Published 16 Dec, 2022 05:58am

Cross-border illegal currency movement

Good governance plays an important role in setting the direction of any country. It ensures transparency and ...

Published 16 Dec, 2022 05:58am

IMF policy needs a serious rethink

The first major jolt to the International Monetary Fund’s (IMF’s) thinking regarding pursuing austerity policy...

Published 16 Dec, 2022 05:58am

Britain Plc buckles up for sale season as UK shares look cheap

As a turbulent 2022 draws to a close, British companies are fastening their seat belts as bankers and investors...

Published 16 Dec, 2022 05:58am

Letters

Situation requires multiparty undertaking

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan has said that he will announce the date for the dissolution of...

Published 16 Dec, 2022 05:58am

APNS offers condolences to editor

KARACHI: “Sarmad Ali, President and Nazafreen Saigol Lakhani, Secretary General of the All Pakistan Newspapers...

Published 16 Dec, 2022 05:58am

Judicial remand of PTI leader extended for 14 days

ISLAMABAD: A judicial magistrate on Thursday extended the judicial remand of Pakistan Tehreek-e-Insaf (PTI) leader...

Published 16 Dec, 2022 05:58am

Level playing field for persons with disabilities: Employers Federation and Sightsavers join hands

KARACHI: Employers Federation of Pakistan (EFP) and Sightsavers - an International Non-Governmental Organization ...

Published 16 Dec, 2022 05:58am

Money & Banking

PBF exhorts SBP to stop rupee devaluation

KARACHI: The consistent depreciation of the rupee is deepening the economic crisis in the country, said the Pakistan...

Published 16 Dec, 2022 05:58am

IHC reserves verdict on admissibility of plea against NA speaker

ISLAMABAD: The Islamabad High Court (IHC) reserved its verdict on the admissibility of a petition against National...

Published 16 Dec, 2022 05:58am

France to provide €0.3m grant for Babu Sabu treatment plant

ISLAMABAD: France will provide a grant of 0.3 million euros for the Babu Sabu Wastewater Treatment Plant-Financing...

Published 16 Dec, 2022 05:58am

Descon aims to diversify with launch of agri division

KARACHI: Descon, one of Pakistan’s leading conglomerates, has officially announced its intention to diversify into...

Published 16 Dec, 2022 05:58am

Conference on ‘Climate Resilient Pakistan’ to be held in Geneva

ISLAMABAD: The International Conference on Climate Resilient Pakistan will be held in Geneva on January 9, 2023, to...

Published 16 Dec, 2022 05:58am

Three Aga Khan hospitals receive SafeCare certification

KARACHI: The Aga Khan Hospital for Women in Karimabad, Karachi, and Aga Khan Maternal and Child Care Centre in...

Published 16 Dec, 2022 05:58am

Ahsan seeks everyone’s role in economic turnaround

LAHORE: Emphasising the need for stability, unity and focus for an economic turnaround, federal Minister for ...

Published 16 Dec, 2022 05:58am

The Weather

KARACHI: The weather report on Thursday (December 15, 2022) and the forecast for Friday (December 16, 2022)...

Published 16 Dec, 2022 05:58am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 16 Dec, 2022 05:58am

Stocks

Last date of renunciation/payment

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

Published 16 Dec, 2022 05:58am

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 16 Dec, 2022 05:58am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Thursday (December 15, 2022). ======================== Offer Price 1,263.1508...

Published 16 Dec, 2022 05:58am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Thursday (December 15, 2022). ========================...

Published 16 Dec, 2022 05:58am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Thursday (December 15, 2022). ========================...

Published 16 Dec, 2022 05:58am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (December 15, 2022). ========================== KIBOR...

Published 16 Dec, 2022 05:58am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Thursday (December 15, 2022)....

Published 16 Dec, 2022 05:58am

Rates

Stocks sink on selling pressure

KARACHI: Pakistan Stock Exchange Thursday witnessed a bearish trend due to heavy selling in almost all sectors on...

Published 16 Dec, 2022 05:58am

Energy

US natgas futures little changed ahead of storage report

NEW YORK: US natural gas futures were little changed on Thursday as the market waited for direction from a federal...

Published 16 Dec, 2022 05:58am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 162,028 tonnes of cargo comprising 114,021 tonnes of import cargo and 48,007...

Published 16 Dec, 2022 05:58am

Energy

Asia fuel oil: spot market stable; landed stocks at Singapore dip

SINGAPORE: Asia’s spot cash differentials were little changed on Thursday amid tepid trading, while landed fuel ...

Published 16 Dec, 2022 05:58am

Cotton & Textile

Trading activity improves slightly on cotton market

Naseem...

Published 16 Dec, 2022 05:58am

Energy

Oil prices slide 2pc as dollar firms and central banks hike interest rates

NEW YORK: Oil prices slid about 2% on Thursday as traders worried about the fuel demand outlook due to a stronger...

Published 16 Dec, 2022 05:58am

Energy

Nepra chief proposes Coal Procurement Authority

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) Chairman Tauseef H Farooqi told Senate Sub-committee...

Published 16 Dec, 2022 05:58am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (December 15, 2022)...

Published 16 Dec, 2022 05:58am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (December 15, 2022). ======================================= ...

Published 16 Dec, 2022 05:58am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (December 15, 2022)....

Published 16 Dec, 2022 05:58am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (December 15, 2022). ======================== Open ...

Published 16 Dec, 2022 05:58am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (December 15, 2022)....

Published 16 Dec, 2022 05:58am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (December 15, 2022)....

Published 16 Dec, 2022 05:58am

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 16 Dec, 2022 05:58am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Thursday (December 15, 2022)....

Published 16 Dec, 2022 05:58am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (December 15, 2022). ==================================== ...

Published 16 Dec, 2022 05:58am

Rates

BOARD MEETINGS

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

Published 16 Dec, 2022 05:58am

Rates

Board meetings in progress

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

Published 16 Dec, 2022 05:58am

Rates

Dividend/Bonus Announcements

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

Published 16 Dec, 2022 05:58am

Rates

Proposed right issues

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

Published 16 Dec, 2022 05:58am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Thursday (December 15, 2022). ======================== OFFER ...

Published 16 Dec, 2022 05:58am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Thursday (December 15, 2022). ======================== OFFER PRICE...

Published 16 Dec, 2022 05:58am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Thursday (December 15, 2022). ======================== OFFER PRICE...

Published 16 Dec, 2022 05:58am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Thursday (December 15, 2022). ======================== OFFER PRICE...

Published 16 Dec, 2022 05:58am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Thursday (December 15, 2022). ======================== OFFER PRICE...

Published 16 Dec, 2022 05:58am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Thursday (December 15, 2022). ======================== OFFER PRICE...

Published 16 Dec, 2022 05:58am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Thursday (December 15, 2022). ======================== OFFER PRICE...

Published 16 Dec, 2022 05:58am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Thursday (December 15, 2022). ======================== OFFER PRICE...

Published 16 Dec, 2022 05:58am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Thursday (December 15, 2022). ======================== OFFER PRICE...

Published 16 Dec, 2022 05:58am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Thursday (December 15, 2022). ======================== OFFER PRICE...

Published 16 Dec, 2022 05:58am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Thursday (December 15, 2022). ======================== Offer Price...

Published 16 Dec, 2022 05:58am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Thursday (December 15, 2022). ======================== Offer Price...

Published 16 Dec, 2022 05:58am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Thursday (December 15, 2022). ======================== Offer ...

Published 16 Dec, 2022 05:58am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Thursday (December 15, 2022). ======================== Offer Price...

Published 16 Dec, 2022 05:58am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Thursday (December 15, 2022). ======================== Offer Price...

Published 16 Dec, 2022 05:58am

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 16 Dec, 2022 05:58am

Forex

Open market rates of foreign currencies

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

Published 16 Dec, 2022 05:58am

Plight of flood-hit people: alarm bells start to ring

UN warns that by mid-January 2023 there will be no funds available to cater needs of the affected people

Updated 16 Dec, 2022 09:44am

SAB recommendation: ECC allows export of up to 100,000 MTs of sugar

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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