News Archives for Print - 2023-01-13

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Print - 2023-01-13

Energy

Ogra notifies decline in prices of LNG

ISLAMABAD: The Oil and Gas Regulating Authority (OGRA), on Thursday, notified a decline in the prices of LNG for the...

Published 13 Jan, 2023 07:12am

Economist sees GDP growth in negative arena

ISLAMABAD: All economic indications of the first six months of the current year suggest that Pakistan’s GDP growth...

Published 13 Jan, 2023 07:07am

Refund ‘suspension’: Paapam says tractor parts-manufacturing SMEs facing severe liquidity crunch

LAHORE: At least 300 tractor parts manufacturing SMEs have been forced to shut their units amidst a total crash in...

Published 13 Jan, 2023 07:02am

Issues related to foreign exchange to be addressed soon: SBP governor

KARACHI: Governor of State Bank of Pakistan (SBP) Jameel Ahmad has assured the business community of resolving the...

Updated 13 Jan, 2023 10:55am

Beneficiaries of BISP: PAC body to recover Rs19bn from govt employees’ spouses

ISLAMABAD: The Public Accounts Committee (PAC), on Thursday, constituted an inquiry committee of the Auditor General...

Published 13 Jan, 2023 06:56am

Heavy snowfall likely due to above normal rains

LAHORE: Heavy snowfall is expected ahead due to above normal rains during spring season, said the Pakistan...

Published 13 Jan, 2023 06:05am

Extra time sought to fix prices of Naan, Roti

LAHORE: Following a protest demonstration staged by the Mutthida Naan Roti Association in front of the Civil...

Published 13 Jan, 2023 06:05am

Inter-varsity championship: GCU women’s basketball team wins opening match

LAHORE: The Government College University (GCU) Lahore’s women’s basketball team has performed exceptionally ...

Published 13 Jan, 2023 06:05am

Nutshell Group honours KPC body

KARACHI: Nutshell Group hosted a lunch in the honor of newly elected members and governing body of the Karachi Press...

Published 13 Jan, 2023 06:05am

FFBL clarification

ISLAMABAD: FFBL reviewed the article and would like to state factual position concerning FFBL’s efficiency, as...

Published 13 Jan, 2023 06:05am

Sindh govt trying to ease energy crisis, says minister

KARACHI: Sindh Energy Minister Imtiaz Sheikh said on Thursday that the provincial government was playing its full...

Published 13 Jan, 2023 06:05am

Biden on defensive over classified documents

WASHINGTON: US President Joe Biden said on Thursday “a small number” of classified documents had been found at...

Published 13 Jan, 2023 06:05am

South Asia

India, US establish new trade group to bolster supply chains

NEW DELHI: India and the United States have established a new working group to build sustainable supply chains and...

Published 13 Jan, 2023 06:05am

Alvi approves Pakistan Medical & Dental Council Bill

ISLAMABAD: President Dr Arif Alvi on Thursday gave his assent to the Pakistan Medical and Dental Council Bill, 2022,...

Published 13 Jan, 2023 06:05am

PSDP meetings: NHA chairman takes note of absence of senior officials

ISLAMABAD: The National Highways Authority (NHA) is facing serious issues in the settlement of audit paras as well ...

Published 13 Jan, 2023 06:05am

Verifying fingerprints of senior citizens: Nadra introduces AI-based solution

ISLAMABAD: The National Database and Registration Authority (NADRA) on Thursday introduced an Artificial...

Published 13 Jan, 2023 06:05am

NA body members discuss ways to ease ongoing crisis

KARACHI: Chairman of the National Assembly’s Standing Committee on Finance and Revenue Qaiser Ahmed Sheikh has...

Published 13 Jan, 2023 06:05am

General elections can’t be held on one man’s desire: CM

ISLAMABAD: Sindh Chief Minister Syed Murad Ali Shah on Thursday said that general elections could not be held on the...

Published 13 Jan, 2023 06:05am

Mechanism for developing National Halal Grade Framework discussed

LAHORE: All the best international practices including framework already developed by the OIC for Halal Food...

Published 13 Jan, 2023 06:05am

IK’s strategy leaves ‘gang of crooks’ red-faced: PTI

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) leadership on Thursday said that party chairman Imran Khan’s bold...

Published 13 Jan, 2023 06:05am

Toshakhana reference: IHC annoyed with PTI for challenging same case in two courts

ISLAMABAD: The Islamabad High Court (IHC) on Thursday expressed its annoyance with the Pakistan Tehreek-e-Insaf ...

Published 13 Jan, 2023 06:05am

IBCC says CP equivalent to HSSC science group

KARACHI: The Career-related Programme (CP) has been officially recognised by Pakistan’s Inter Board Committee of...

Published 13 Jan, 2023 06:05am

Withdrawal of order: Elahi says governor has endorsed his point of view

LAHORE: Chief Minister of Punjab Chaudhry Pervaiz Elahi said on Thursday that Punjab governor, by withdrawing his...

Published 13 Jan, 2023 06:05am

Arrangements in place for country’s first digital census: PBS official

ISLAMABAD: The country is going to hold a digital census for the first time this year, with all the preparations...

Published 13 Jan, 2023 06:05am

Descon partners with foreign firm to provide services in Gulf states

KARACHI: Descon Engineering, a leading engineering enterprise in the region, has joined hands with KBR, a leading...

Published 13 Jan, 2023 06:05am

July-December 2022: Anti-smuggling activities in Karachi result in detections worth Rs10bn

ISLAMABAD: Chief Collector of Customs (Enforcement), Karachi, on Friday said that the enforcement and anti-smuggling...

Published 13 Jan, 2023 06:05am

Alvi summons NA session on 16th

ISLAMABAD: President Dr Arif Alvi has summoned a session of the National Assembly on January 16 (Monday) at 5pm....

Published 13 Jan, 2023 06:05am

148 cases of street crimes reported in 24 hours

KARACHI: Within 24 hours, as many as 148 incidents of street crimes were reported in the jurisdiction of seven...

Published 13 Jan, 2023 06:05am

The Weather

KARACHI: The weather report on Thursday (January 12, 2023) and the forecast for Friday (January 13, 2023)...

Published 13 Jan, 2023 06:05am

Rates

PSX exhibits mixed mode

KARACHI: Pakistan Stock Exchange on Thursday witnessed mixed trend as the investors remained cautious and avoided to...

Published 13 Jan, 2023 06:05am

Nawaz, Zardari and Fazl discuss Punjab situation

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) Quaid Nawaz Sharif on Thursday held telephonic conversations with ...

Published 13 Jan, 2023 06:05am

Karachi, Hyderabad: PSP, Farooq faction, MQM-P reunite ahead of LG polls

KARACHI: Pak Sarzameen Party (PSP) and MQM Bahali Committee of Farooq Sattar have formally announced the merger with...

Published 13 Jan, 2023 06:05am

Senate body briefed about privatisation process

ISLAMABAD: The Senate Standing Committee on Privatization’s meeting was held on Thursday which took up...

Published 13 Jan, 2023 06:05am

PTI to file reference against MPAs skipping ‘vote of confidence’

LAHORE: Punjab Assembly Speaker Sabtain Khan has said that the Pakistan Tehreek-e-Insaf (PTI) would file a reference...

Published 13 Jan, 2023 06:05am

BoI secy holds e-kachehri

ISLAMABAD: Board of Investment (BoI) Secretary Asad Rehman Gilani chaired BoI’s 8th e-kachehri, here on Thursday....

Published 13 Jan, 2023 06:05am

Pakistani citizens: US announces expansion of interview waiver eligibility

ISLAMABAD: The United States, on Thursday, announced the expansion of interview waiver eligibility for Pakistani...

Updated 13 Jan, 2023 11:00am

Two more months given: PML-N ‘reprimanded’ for its failure to hold intra-party elections

ISLAMABAD: The poll body on Thursday “reprimanded” the central ruling party Pakistan Muslim League Nawaz (PML-N)...

Published 13 Jan, 2023 06:05am

‘Sexual harassment’ inside HC in Delhi: Pakistan looking into allegations: FO

ISLAMABAD: Foreign Office said on Thursday that while it is looking into an alleged case of “sexual harassment”...

Published 13 Jan, 2023 06:05am

Alvi exhorts stakeholders to put aside differences, hold talks

ISLAMABAD: President Dr Arif Alvi has expressed his serious concerns about Pakistan’s economy and said if all...

Published 13 Jan, 2023 06:05am

Elahi kicks off Rs8.65bn emergency, trauma centre project

LAHORE: Inaugurating construction work of Rs 8.65 billion new emergency and trauma center project of Jinnah ...

Published 13 Jan, 2023 06:05am

Mazdoor Card launched to facilitate ‘secured’ industrial workers: secretary

FAISALABAD: “Mazdoor Card has been launched in collaboration with Bank of Punjab to facilitate the secured...

Published 13 Jan, 2023 06:05am

Punjab governor withdraws order about CM’s removal

LAHORE: After securing a vote of confidence by Chief Minister Chaudhry Parvez Elahi, Punjab Governor Balighur Rehman...

Published 13 Jan, 2023 06:05am

Partly Facetious: A technical glitch

“How goes it?” “Which year is this?” “2023 why?” “Could someone let the Finance Minister know which...

Published 13 Jan, 2023 06:05am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 78,889 tonnes of cargo comprising 62,564 tonnes of import cargo and 16,325...

Published 13 Jan, 2023 06:05am

Stocks

Indian shares drop ahead of inflation data

BENGALURU: Indian shares fell for the third session in a row on Thursday, with investors on edge ahead of earnings...

Published 13 Jan, 2023 06:05am

Stocks

China stocks seesaw in thin trading ahead of holidays

SHANGHAI: China stocks ended slightly higher on Thursday after swinging between modest gains and losses in thin...

Published 13 Jan, 2023 06:05am

Stocks

Banks, homebuilders push FTSE 100 higher

LONDON: UK’s FTSE 100 closed higher on Thursday with banks and homebuilders among top gainers, while data showing ...

Published 13 Jan, 2023 06:05am

Stocks

Most Gulf markets rise on higher oil prices

DUBAI: Most major Gulf equities closed higher on Thursday, tracking global peers and oil prices higher on optimism...

Published 13 Jan, 2023 06:05am

Stocks

Wall St rises in volatile trade as investors assess inflation data

NEW YORK: Wall Street’s main indexes rose in choppy trade on Thursday as cooling inflation supported bets of...

Published 13 Jan, 2023 06:05am

Road to self-sustainability

During the last few decades, global economies have been facing tough challenges. The recent spell started in March...

Updated 13 Jan, 2023 07:28am

Global economic challenges and prospects for 2023

A few days before the release of World Bank’s flagship ‘Global Economic Prospects’ (GEP) January 2023 report...

Updated 13 Jan, 2023 07:33am

Managing sovereign default

Nations can and do periodically default on their sovereign debt, despite the fact that they do so comparatively...

Updated 13 Jan, 2023 07:41am

Lurid new ‘partygate’ details imperil Johnson comeback

Former UK prime minister Boris Johnson has made no secret of his hopes of a dramatic political comeback. But the...

Published 13 Jan, 2023 06:05am

Letters

Politics is a different ball game

Things in Punjab seem to have become a lot stranger and murkier than before. Pakistan Tehreek-e-Insaf (PTI) chief...

Published 13 Jan, 2023 06:05am

Rates

LME official prices

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

Published 13 Jan, 2023 06:05am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (January 12, 2023)...

Published 13 Jan, 2023 06:05am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (January 12, 2023). ======================================= Offset...

Published 13 Jan, 2023 06:05am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 12, 2023)....

Published 13 Jan, 2023 06:05am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (January 12, 2023)....

Published 13 Jan, 2023 06:05am

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 13 Jan, 2023 06:05am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Thursday (January 12, 2023)....

Published 13 Jan, 2023 06:05am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 13 Jan, 2023 06:05am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (January 12, 2023). ==================================== BR...

Published 13 Jan, 2023 06:05am

Rates

BOARD MEETINGS

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

Published 13 Jan, 2023 06:05am

Stocks

Last date of renunciation/payment

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

Published 13 Jan, 2023 06:05am

Rates

Proposed right issues

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

Published 13 Jan, 2023 06:05am

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 13 Jan, 2023 06:05am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (January 12, 2023). ========================== KIBOR...

Published 13 Jan, 2023 06:05am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Thursday (January 12, 2023)....

Published 13 Jan, 2023 06:05am

Russia all set to discuss oil, LNG deals during IGC

Islamabad and Moscow are already in close contact to import Russian wheat

Updated 13 Jan, 2023 11:05am

Germany inks two framework agreements worth Euro 28m

ISLAMABAD: The Government of Pakistan and Germany signed two framework agreements -amounting Euro 28 million...

Updated 13 Jan, 2023 08:46am

Deal signed with SFD to finance oil derivatives worth $1bn

ISLAMABAD: The Saudi Fund for Development (SFD) and Pakistan, on Thursday, signed a new agreement to finance oil...

Updated 13 Jan, 2023 08:47am

UAE to loan $1bn, roll over another $2bn

ABU DHABI: The United Arab Emirates agreed on Thursday to lend $1 billion to Pakistan and roll over an existing $2...

Updated 13 Jan, 2023 08:48am

LG polls won’t be held in Karachi, Hyderabad, Dadu on Jan 15: Sindh govt

KARACHI: In a major development, the Sindh government announced on late Thursday night that the local government...

Updated 13 Jan, 2023 08:48am

Mills to get quotas for sugar export on basis of installed capacity

ISLAMABAD: The government is to allocate sugar quota to mills for exports on the basis of their installed capacity...

Updated 13 Jan, 2023 08:49am

Dissolution of Punjab, KPK PAs in sight

CM Elahi signs summary for dissolving Punjab Assembly

Updated 13 Jan, 2023 08:50am

Crisis of shortage of raw material in industries intensifies

KARACHI: The crisis of shortage of raw materials has further intensified in industries across the country due to...

Updated 13 Jan, 2023 08:51am

Pakistan Customs launches ‘Linking International Values’ system

ISLAMABAD: Directorate General Valuation (Customs), Karachi has launched LIVE (Linking International Values) system...

Updated 13 Jan, 2023 08:52am

Fund for construction of dams: Amount increased to Rs16.53bn, SC told

ISLAMABAD: The Supreme Court was informed that the amount in dams fund has increased to Rs 16.53 billion, which in...

Updated 13 Jan, 2023 08:52am

Kuwait Petroleum Corporation dues: PSO asks PD to provide $220m payment

ISLAMABAD: Pakistan State Oil (PSO) on Thursday asked the Petroleum Division for a payment of $220 million to Kuwait...

Updated 13 Jan, 2023 08:54am

Energy

PM forms body for comprehensive review of Nepra law

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a committee headed by the former prime minister, Shahid...

Published 13 Jan, 2023 06:05am

Bulk cargoes imported by govt begin arriving at Gwadar port

ISLAMABAD: The Gwadar port has started receiving government imports of bulk cargoes as three consecutive vessels...

Published 13 Jan, 2023 06:05am

Money & Banking

FWB declares PLS profit rate

KARACHI: The First Women Bank (FWB) has declared the following profit rates on PLS deposit for half year ended...

Published 13 Jan, 2023 06:05am

Industry

PHMA calls for PM’s intervention over SBP’s restrictions

LAHORE: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has lamented that the import restriction ...

Published 13 Jan, 2023 06:05am

Commodities

Dalian iron ore higher on strong China demand optimism

MANILA: Dalian iron ore futures edged higher on Thursday while the Singapore benchmark price steadied near a...

Published 13 Jan, 2023 06:05am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 14.493...

Published 13 Jan, 2023 06:05am

Energy

US natgas jumps on higher demand forecast

NEW YORK: US natural gas futures rose about 6% on Thursday on forecasts for higher demand this week than previously...

Published 13 Jan, 2023 06:05am

Commodities

ICE canola futures slide for third day

WINNIPEG, (Manitoba): ICE canola futures slipped for a third straight session on Wednesday, pressured by commercial...

Published 13 Jan, 2023 06:05am

Energy

Asia’s re-grade hits three-week high on sell-off

SINGAPORE: Asia’s re-grade, also known as the discount between jet fuel and 10 ppm sulphur gasoil, widened to a...

Published 13 Jan, 2023 06:05am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday (January 12, 2023)....

Published 13 Jan, 2023 06:05am

Cotton & Textile

Cotton spot rate stable amid modest business

LAHORE: The local cotton market on Thursday remained firm and the trading volume remained satisfactory. Cotton...

Published 13 Jan, 2023 06:05am

Energy

VLSFO premium rises as inventories decline

NEW DELHI: Asia’s very low sulphur fuel oil (VLSFO) market gained on Thursday after stocks at Singapore trading ...

Published 13 Jan, 2023 06:05am

Commodities

Gold rises after US inflation data ease concerns

NEW YORK: Gold prices pared gains after earlier jumping more than 1% to above the key $1,900 per ounce pivot on...

Published 13 Jan, 2023 06:05am

Commodities

Copper hits 7-month peak as US consumer prices fall

LONDON: Copper prices touched a seven-month high on Thursday after US consumer prices unexpectedly fell, brushing...

Published 13 Jan, 2023 06:05am

Energy

Oil up more than $1 on US inflation data

NEW YORK: Oil prices rose by more than $1 a barrel on Thursday, extending gains after figures showed U.S consumer...

Published 13 Jan, 2023 06:05am

Money & Banking

Dollar falls to nearly 9-month low vs euro

NEW YORK: The US dollar tumbled to a nearly 9-month low against the euro on Thursday after US inflation data...

Published 13 Jan, 2023 06:05am

Palm oil hovers near three-week lows on slow exports

Commodities

Gold price up by Rs1,100 per tola

KARACHI: Gold prices on Thursday regained a sizeable value on the local market, traders said. The prices grew by Rs...

Published 13 Jan, 2023 06:05am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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