News Archives for Print - 2022-12-31

<<>>

Print - 2022-12-31

Energy

330MW ThalNova project synchronized with the national grid

KARACHI: The Hubco’s 330 MW ThalNova Power Thar has been successfully synchronized with the National Grid lifting...

Published 31 Dec, 2022 07:56am

Industry

Tessori underscores need for modernising livestock sector

KARACHI: Governor Sindh Kamran Tessori has said the need to modernise the livestock sector in view of the growing...

Published 31 Dec, 2022 07:55am

Money & Banking

Faysal Bank becomes full-fledged Islamic bank

KARACHI: The State Bank of Pakistan (SBP) has issued an Islamic banking license to Faysal Bank Limited (FBL) making...

Published 31 Dec, 2022 07:53am

PPP CEC meeting

ISLAMABAD: Chairman PPP Bilawal Bhutto-Zardari has called a meeting of the Central Executive Committee (CEC) of the...

Published 31 Dec, 2022 07:51am

NLC developing latest TOS for all BCPs

ISLAMABAD: National Logistics Cell (NLC) is developing the latest Terminal Operating System (TOS) for all Border...

Published 31 Dec, 2022 07:50am

Senate body irked by the absence of minister

ISLAMABAD: Senate Standing Committee on Poverty Alleviation and Social Safety, Friday, expressing serious anger over...

Published 31 Dec, 2022 07:50am

Capital police: 19,716 accused ‘involved’ in various kinds of crimes held

ISLAMABAD: The capital police claimed to have arrested 19,716 accused involved in different kinds of crimes and...

Published 31 Dec, 2022 07:47am

Cotton & Textile

Slow business activity on cotton market

LAHORE: The local cotton market on Friday remained steady and the trading volume remained very low. Cotton Analyst...

Published 31 Dec, 2022 07:47am

Money & Banking

‘Employee Banking’: NBP, KPT ink agreement

KARACHI: The National Bank of Pakistan (NBP) and Karachi Port Trust (KPT) have signed an agreement for “Employee...

Published 31 Dec, 2022 07:47am

Bilawal greets new Chinese FM

ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari has congratulated Qin Gang on his appointment as the Foreign...

Published 31 Dec, 2022 07:44am

Energy

Elander grid: KE to undertake maintenance work today

KARACHI: KE will be undertaking a critical maintenance activity at Elander grid on Saturday (Dec 31) to ensure the...

Published 31 Dec, 2022 07:43am

Taxes

Federal Tax Ombudsman’s powers, jurisdiction explained

ISLAMABAD: The Federal Tax Ombudsman (FTO) has the stature of Supreme Court judge and he can award six months’...

Published 31 Dec, 2022 07:41am

Industry

First-ever cartel case: SC allows PPA’s appeal, reduces penalty to Rs25m

ISLAMABAD: While deciding the first-ever cartel case, the Supreme Court of Pakistan has decided the civil appeal...

Published 31 Dec, 2022 07:40am

Energy

Prices of LPG cylinders reduced

ISLAMABAD: The Oil and Gas Regularly Authority (OGRA) on Friday decreased the prices of commercial and domestic LPG...

Published 31 Dec, 2022 07:38am

Power sector circular debt: MoITT demands Finance Division return Rs61.2bn borrowed from USF in 2013

ISLAMABAD: The Ministry of Information Technology and Telecommunication (MoITT) has demanded the Finance Division to...

Published 31 Dec, 2022 07:36am

AJK president meets Bilawal

ISLAMABAD: Azad Jammu and Kashmir (AJK) President Barrister Sultan Mahmood Chaudhry, Friday, arrived at the Foreign...

Published 31 Dec, 2022 07:35am

First semi-final of Pakistan Cup today

LAHORE: Central Punjab, who has topped the points table with 14 points, will take on fourth-placed Southern Punjab ...

Published 31 Dec, 2022 07:34am

RTI law: CPDI, SIC hold conference on challenges, way forward

KARACHI: The Centre for Peace and Development Initiative (CPDI), in collaboration with Sindh Information Commission...

Published 31 Dec, 2022 07:28am

Bilawal greets acting Uzbekistan FM

ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari has congratulated Saidov Bakhtiarov on being appointed as acting...

Published 31 Dec, 2022 07:25am

Capital police make requisition for 1,000 FC personnel

ISLAMABAD: Aimed to deal with possible terror threats, the capital police have sought 1,000 Frontier Constabulary...

Published 31 Dec, 2022 07:15am

Asia

Suu Kyi jailed for total of 33 years

NAYPYIDAW, (Myanmar): Ousted Myanmar democracy leader Aung San Suu Kyi was sentenced to another seven years in jail...

Published 31 Dec, 2022 07:10am

US House committee releases Trump tax returns

NEW YORK: A Democratic-controlled US House of Representatives committee released six years of former President ...

Published 31 Dec, 2022 07:07am

President accords his assent to Access to Media (Deaf) Persons Act 2022

ISLAMABAD: President Dr Arif Alvi has accorded his assent to the Access to the Media (Deaf) Persons Act, 2022. The...

Published 31 Dec, 2022 07:04am

Commodities

Gold at new highs

KARACHI: Gold prices on Friday regained a sizeable value to hit the new highs on the local market, traders said....

Published 31 Dec, 2022 07:02am

Dec collection stands at Rs710bn

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs 710 billion in 30 days of December 2022...

Published 31 Dec, 2022 07:00am

Money & Banking

Bank holiday

KARACHI: The State Bank of Pakistan will remain closed for public dealing on Monday [January 2, 2023], which will be...

Published 31 Dec, 2022 06:58am

POL products: Govt may keep ex-depot prices at current level for H1

ISLAMABAD: The federal government may announce to keep the ex-depot prices of petrol and high-speed diesel (HSD) at...

Updated 31 Dec, 2022 11:41am

Stocks

Stock market: a troubled year

KARACHI: Economic and political issues badly affected local bourse as a result Pakistan Stock Exchange (PSX)...

Published 31 Dec, 2022 06:52am

PM condoles death of Modi’s mother

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday expressed deep sorrow over the passing of Indian Prime...

Published 31 Dec, 2022 06:49am

IHC directs ECP to hold Islamabad LG polls today

ISLAMABAD: The Islamabad High Court (IHC) directed the Election Commission of Pakistan (ECP) to hold local bodies...

Published 31 Dec, 2022 06:48am

China appoints ‘wolf warrior’ as new foreign minister

BEIJING: China appointed US ambassador Qin Gang as its new foreign minister on Friday, state media reported,...

Published 31 Dec, 2022 06:43am

PARTLY FACETIOUS: Buddha said three things cannot be hidden

“Talking of Achilles’ heel…” “Achilles as in a great warrior of the Trojan war in Greek mythology?”...

Published 31 Dec, 2022 06:32am

Letters

Woeful decline in forex reserves

The State Bank of Pakistan’s foreign exchange reserves have declined below $6 billion as the SBP’s reserves...

Published 31 Dec, 2022 06:32am

A sad tale indeed – I

Pakistan has been struggling ever since its emergence on the world map to achieve political and economic stability,...

Published 31 Dec, 2022 06:28am

Message from COO, Manzoor Ahmed

TEXT: It is a great honor and privilege to write a message on 60th Anniversary of great institution “National...

Published 31 Dec, 2022 06:11am

The Weather

KARACHI: The weather report on Friday (December 30, 2022) and the forecast for Saturday (December 31, 2022)...

Published 31 Dec, 2022 06:11am

University of Balochistan: Balochistan CM approves release of Rs300m bailout package

QUETTA: Balochistan Chief Minister Mir Abdul Quddus Bizenjo on Friday approved the release of a bailout package of...

Published 31 Dec, 2022 06:11am

Pakistan salvage draw against NZ in 1st Test

LAHORE: Pakistan ended their four-match losing streak at home after brave and gutsy half-centuries by Imam-ul-Haq,...

Published 31 Dec, 2022 06:11am

Pakistan’s first exchange traded fund & social impact fund

TEXT: Fund Category, Micro Finance Sector Specific Income Fund. Risk Profile: Medium Risk of Principal Erosion. Fund...

Published 31 Dec, 2022 06:11am

NITL Assigned AM1, Highest Asset Management Rating By PACRA & VIS

TEXT: National Investment Trust Limited (NITL) has achieved the highest asset manager rating of AM1 by accredited...

Published 31 Dec, 2022 06:11am

National Investment Trust Limited (NITL)

TEXT: National Investment Trust Limited was established as a Trust on 12th November 1962, executed between National...

Published 31 Dec, 2022 06:11am

Message from Adnan Afridi, Managing Director Of National Investment Trust Limited

TEXT: NIT has been an essential part of the economic fabric of Pakistan for the past 60 years. As the country’s...

Published 31 Dec, 2022 06:11am

Healthcare: the healing touch can’t be felt through high-tech gear

Healthcare around the world has changed dramatically over the years. While it has improved in detection of diseases...

Updated 31 Dec, 2022 06:33am

Rates

PSX witnesses bullish session on last trading day of 2022

KARACHI: Pakistan Stock Exchange witnessed a bullish session on the last trading day of the year on the back of...

Published 31 Dec, 2022 06:11am

PM-led NSC takes stock of grim situation

ISLAMABAD: The National Security Committee (NSC) Friday declared that “those who challenge Pakistan will be dealt...

Updated 31 Dec, 2022 08:34am

Oil up by $1/bbl

NEW YORK: Oil was on track for a second straight annual gain in a turbulent year marked by tight supplies following...

Updated 31 Dec, 2022 08:33am

FBR notifies PSW Evidence of Identity Rules, 2022

ISLAMABAD: The Federal Board of Revenue (FBR) has directed all persons engaged in cross-border trade transactions to...

Updated 31 Dec, 2022 08:33am

All-risk insurance of Guddu plant: Genco-II board seeks PD’s permission

ISLAMABAD: The Board of Directors (BoD) of Central Power Generation Company (Genco-II) has sought permission from...

Updated 31 Dec, 2022 11:42am

President for accelerated engagements, cooperation with Norway in diverse sectors

ISLAMABAD: President Dr Arif Alvi has emphasized the need for accelerated engagements and cooperation with Norway in...

Published 31 Dec, 2022 06:11am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Friday (December 30, 2022). ======================== OFFER PRICE...

Published 31 Dec, 2022 06:11am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (December 30, 2022). ==================================== BR...

Published 31 Dec, 2022 06:11am

Rates

BOARD MEETINGS

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

Published 31 Dec, 2022 06:11am

Rates

Dividend/Bonus Announcements

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

Published 31 Dec, 2022 06:11am

Stocks

Last date of renunciation/payment

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

Published 31 Dec, 2022 06:11am

Rates

Proposed right issues

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

Published 31 Dec, 2022 06:11am

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 31 Dec, 2022 06:11am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Friday (December 30, 2022). ======================== OFFER PRICE...

Published 31 Dec, 2022 06:11am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Friday (December 30, 2022). ======================== OFFER PRICE...

Published 31 Dec, 2022 06:11am

Sweden takes EU presidency

Sweden takes over the EU’s rotating presidency from January 1 vowing to maintain unity on Ukraine and uphold free...

Published 31 Dec, 2022 06:11am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Friday (December 30, 2022). ======================== OFFER PRICE...

Published 31 Dec, 2022 06:11am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Friday (December 30, 2022). ======================== OFFER PRICE 1,432.0370...

Published 31 Dec, 2022 06:11am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Friday (December 30, 2022). ======================== OFFER PRICE...

Published 31 Dec, 2022 06:11am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Friday (December 30, 2022). ======================== OFFER PRICE...

Published 31 Dec, 2022 06:11am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Friday (December 30, 2022). ======================== OFFER PRICE...

Published 31 Dec, 2022 06:11am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Friday (December 30, 2022). ======================== OFFER PRICE...

Published 31 Dec, 2022 06:11am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Friday (December 30, 2022). ======================== OFFER PRICE...

Published 31 Dec, 2022 06:11am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (December 30, 2022)....

Published 31 Dec, 2022 06:11am

Debt spiral engulfs Turkish voters months before polls

The growing pile of debt notices covering the Ankara district mayor’s desk hint at the scale of the economic ...

Published 31 Dec, 2022 06:11am

Forest department issues ‘performance report’

LAHORE: The Punjab Forest Department during the year 2022 made 102 million plantations across the province with...

Published 31 Dec, 2022 06:11am

Imran welcomes IHC’s order on LG polls in Islamabad

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan welcomed the Islamabad High Court’s order to hold local...

Published 31 Dec, 2022 06:11am

Punjab CM vows to facilitate overseas Pakistanis

LAHORE: Acknowledging the role of the overseas Pakistanis in the country’s development, Chief Minister Punjab...

Published 31 Dec, 2022 06:11am

Turkish Navy ship conducts naval drills with Navy

KARACHI: Turkish Navy Ship TCG BURGAZADA visited Karachi port and participated in bilateral naval Exercise ...

Published 31 Dec, 2022 06:11am

PHOTA registers 68 hospitals for transplantation so far

LAHORE: The Punjab Human Organ Transplantation Authority (PHOTA) has so far registered 68 hospitals for...

Published 31 Dec, 2022 06:11am

Pasban calls for initiating ‘digital census’ process in Sindh

KARACHI: The process of the digital census has already begun in the country with Punjab taking a lead and it is...

Published 31 Dec, 2022 06:11am

Navy seizes huge cache of drugs at sea

KARACHI: In a successful intelligence based counter narcotics operations by Pakistan Navy at sea, two boats carrying...

Published 31 Dec, 2022 06:11am

Javed Jabbar for promoting culture of merit in society

KARACHI: Former Senator Javed Jabbar has said that Sir Syed University is a truly exceptional institute in Pakistan,...

Published 31 Dec, 2022 06:11am

Fog likely to engulf country’s plain areas today

KARACHI: Fog is expected to engulf the plain areas of the country on Saturday, the Met Office said on Friday. Cold...

Published 31 Dec, 2022 06:11am

Efforts being made to bring economic stability: Governor

LAHORE: Punjab Governor Muhammad Baligh-ur-Rehman said on Friday that the coalition government is making sincere...

Published 31 Dec, 2022 06:11am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (December 30, 2022). ======================== Open Bid...

Published 31 Dec, 2022 06:11am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (December 30, 2022)....

Published 31 Dec, 2022 06:11am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 31 Dec, 2022 06:11am

PML-N’s party meeting next week: No-trust motion against PA speaker, deputy speaker

LAHORE: A meeting the Pakistan Muslim League-Nawaz (PML-N) parliamentary party in Punjab Assembly will be held in ...

Published 31 Dec, 2022 06:11am

Companies

NCCPL introduces WhatsApp services for customers

KARACHI: In order to expand customer interaction channels/platforms and improve the overall user experience, ...

Published 31 Dec, 2022 06:11am

Textile industry: PYMA express concern over devastating situation

KARACHI: Sohail Nisar, Senior Vice Chairman, Pakistan Yarn Merchants Association (PYMA), while expressing deep...

Published 31 Dec, 2022 06:11am

Industry

Burki Institute launches ‘State of the Economy’ report

LAHORE: The Burki Institute of Public Policy (BIPP) on Friday launched its report “State of the Economy, Frontline...

Published 31 Dec, 2022 06:11am

Tunisia central bank raises key rate by 75 bps

Money & Banking

Prime Minister Shehbaz Sharif directs Aviation Ministry to start process of outsourcing Jinnah International Karachi, Islamabad International, and Allama Iqbal International Lahore under public-private partnership

Updated 31 Dec, 2022 08:56am

Industry

‘Furniture export can exceed $1bn after support of govt, KATI’

KARACHI: Chairman All Pakistan Furniture Exporters Association (APFEA) Rana Waheed has said that after patronage of ...

Published 31 Dec, 2022 06:11am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	281.70
USD PKR Interbank Buying / May 16	281.50
USD to Japanese Yen / May 16	145.21
USD to Swiss Franc / May 16	0.83
Pound Sterling to USD / May 16	1.33
Euro to USD / May 16	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 15	5,916.93
Nasdaq / May 15	19,112.32
Dow Jones / May 15	42,322.75
India Sensex / May 16	82,241.91
Tokyo Nikkei / May 16	37,762.61
Hang Seng / May 16	23,345.94
FTSE 100 / May 16	8,686.51
Germany DAX 30 / May 16	23,854.97
France CAC40 / May 16	7,901.67

Item	Value
Karachi Cotton PKR/37.32 KG / May 15	16,985
Gold 10 Grams PKR / May 15	287,379
Crude Oil USD/Barrel / May 16	61.55
Gold Spot USD/Ounce / May 16	3,224.61
Cotton US¢/pound / May 16	65.53
Petrol/Litre / May 17	252.63
Diesel/Litre / May 17	254.64

Gainers
Losers
Leaders

Stock	Price
Equity Modaraba / May 16 First Equity Modaraba(FEM)	3.45 ▲ 0.6 (21.05%)
Pak. P.V.C. / May 16 Pakistan PVC Limited(PPVC)	8.40 ▲ 1 (13.51%)
First Capital Equities / May 16 First Capital Equities Limited(FCEL)	4.50 ▲ 0.52 (13.07%)
Dewan Mushtaq / May 16 Dewan Mushtaq Textile Mills Limited(DMTM)	10.83 ▲ 1 (10.17%)
AN Textile Mills / May 16 AN Textile Mills Limited(ANTM)	13.06 ▲ 1.19 (10.03%)
Sitara Peroxide / May 16 Sitara Peroxide Limited(SPL)	13.73 ▲ 1.25 (10.02%)
Fast Cables / May 16 Fast Cables Limited(FCL)	24.16 ▲ 2.2 (10.02%)
Pak Synthetics / May 16 Pakistan Synthetics Limited(PSYL)	62.34 ▲ 5.67 (10.01%)
Bawany Air Products / May 16 Bawany Air Products Limited(BAPL)	44.17 ▲ 4.02 (10.01%)
Kohinoor Mills / May 16 Kohinoor Mills Limited(KML)	32.09 ▲ 2.92 (10.01%)

Stock	Price
Parmount Sp. / May 16 Paramount Spinning Mills Limited(PASM)	3.16 ▼ -0.54 (-14.59%)
Tariq Corp.Pref. / May 16 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.14 ▼ -0.97 (-11.96%)
TPL Life Insur. / May 16 TPL Life Insurance Limited(TPLL)	47.57 ▼ -5.27 (-9.97%)
Apna Microfin. / May 16 Apna Microfinance Bank Limited(AMBL)	9.05 ▼ -0.99 (-9.86%)
Crescent Cotton / May 16 Crescent Cotton Mills Limited(CCM)	48.20 ▼ -5.26 (-9.84%)
Ellcot Spinning / May 16 Ellcot Spinning Mills Limited(ELSM)	101.65 ▼ -10.54 (-9.39%)
East West Ins. / May 16 East West Insurance Company Limited(EWIC)	52 ▼ -5.29 (-9.23%)
Shams Textile / May 16 Shams Textile Mills Limited(STML)	24.30 ▼ -2.43 (-9.09%)
B. F. Mod. / May 16 B.F. Modaraba(BFMOD)	7.95 ▼ -0.78 (-8.93%)
Olympia Mills / May 16 Olympia Mills Limited(OML)	46.20 ▼ -4.27 (-8.46%)

Stock	Volume
At-Tahur Ltd. / May 16 At-Tahur Limited(PREMA)	44,317,984 ▲ 0.21
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	32,148,988 ▼ -0.18
Lotte Chemical / May 16 Lotte Chemical Pakistan Limited(LOTCHEM)	28,049,504 ▲ 1.31
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	24,229,848 ▼ -0.52
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	18,507,342 ▼ -0.04
Pak Elektron / May 16 Pak Elektron Limited(PAEL)	18,144,829 ▼ -1.47
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	16,543,964 ▼ -0.02
Fauji Foods Ltd / May 16 Fauji Foods Limited(FFL)	15,849,609 ▲ 0.05
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,650,899 ▲ 0.64
Sui South Gas / May 16 Sui Southern Gas Company Limited(SSGC)	14,606,631 ▼ -1.2

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular