News Archives for Print - 2023-02-07

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Print - 2023-02-07

Stocks

China stocks fall as Sino-US tensions rise

SHANGHAI: China stocks fell on Monday as elevated Sino-US geopolitical tensions dented investor sentiment in a...

Published 07 Feb, 2023 07:22am

Money & Banking

Mastercard, BoK join hands to drive financial inclusion

PESHAWAR: Master-card, a technology leader in the global payments industry, has entered an exclusive new partnership...

Published 07 Feb, 2023 07:20am

Money & Banking

SCBPL launches SC Sahar Women’s Account

KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) on Monday launched a special bank account for women named...

Published 07 Feb, 2023 07:16am

Letters

‘Jail bharo’ protest

Pakistan Tehreek-e-Insaf (PTI) chairman appears to be fast running out of his ammunition against the incumbent...

Published 07 Feb, 2023 07:15am

Letter to a Comrade

Dear Muzammil, I hope you are well. It has been a while since we last saw, met or spoke. Judging from your article ...

Updated 07 Feb, 2023 02:20pm

Dollar’s gyrations raise hedging costs for US companies

Wild swings in global currencies hammered corporate earnings in the past year, and while forex markets have gotten...

Published 07 Feb, 2023 06:57am

Struggling to get IMF’s booster shot

The IMF (International Monetary Fund) is a multilateral lender with a membership of over 195 countries, from ...

Published 07 Feb, 2023 06:53am

The untouchables

Our culture respects the dead. Condolences pour in from near and far, even from ‘enemies’. The faults of the...

Published 07 Feb, 2023 06:48am

Dangerous designs

EDITORIAL: The tug of war between PTI (Pakistan Tehreek-e-Insaf) and the ruling PDM (Pakistan Democratic Movement)...

Published 07 Feb, 2023 06:42am

Strategy for resource mobilisation

The technical discussions in Islamabad on the ninth review of the IMF programme between the IMF staff and the...

Published 07 Feb, 2023 06:39am

Runaway inflation

EDITORIAL: Consumer Price Index (CPI) rose by 27.6 percent year on year in January against 24.5 percent the month...

Published 07 Feb, 2023 06:36am

Adani crisis sparks protests and arrests; sell-off losses top $110bn

NEW DELHI/MUMBAI: The crisis engulfing the Adani group intensified on Monday as dozens of members India’s main...

Published 07 Feb, 2023 06:07am

Nissan to buy up to 15pc stake in Renault EV unit

LONDON: Japanese car maker Nissan will buy a stake of up to 15% in Renault’s electric vehicle (EV) unit Ampere, ...

Published 07 Feb, 2023 06:07am

PBC opposes ‘protocol’ for repatriation of Musharraf’s body

ISLAMABAD: The Pakistan Bar Council (PBC) expressed serious concerns upon the provision of extraordinary protocol ...

Published 07 Feb, 2023 06:07am

Rs22.52bn cross-subsidy for LPG air mix supply declined

ISLAMABAD: Federal government has declined a request of gas companies- Sui Northern Gas Pipeline Limited (SNGPL) and...

Published 07 Feb, 2023 06:07am

Shehbaz, Bilawal to visit Türkiye

ISLAMABAD: Prime Minister Shehbaz Sharif together with Foreign Minister Bilawal Bhutto-Zardari will visit Türkiye ...

Published 07 Feb, 2023 06:07am

Solidarity with Turkiye, Syria expressed: Govt, JI Senators ‘denigrate’ Musharraf, PTI’s eulogize him

ISLAMABAD: The upper house of the parliament, Monday, came together to extend its solidarity with the victims of...

Published 07 Feb, 2023 06:07am

‘Missing’ lawyer: LHC summons IGP

LAHORE: The Lahore High Court on Monday expressed dissatisfaction over a report submitted by the CCPO Lahore on the...

Published 07 Feb, 2023 06:07am

Sindh cabinet approves wheat procurement from March 15

KARACHI: The provincial cabinet has decided to start wheat procurement from March 15 at a rate of Rs4000 per 40 kg,...

Published 07 Feb, 2023 06:07am

LHC allows PTA to block websites with ‘objectionable’ content

LAHORE: The Lahore High Court on Monday allowed the Pakistan Telecommunication Authority (PTA) to block the websites...

Published 07 Feb, 2023 06:07am

Pakistanis should take Turkiye quake as a wake-up call: PDP

KARACHI: Expressing heartfelt condolences on loss of lives in an earthquake in Turkiye, Chairman of the Pasban...

Published 07 Feb, 2023 06:07am

Wapda varsity to be opened soon, says chairman

LAHORE: A state-of-the art WAPDA University will start functioning soon as pre-requisites are on fast-track for the...

Published 07 Feb, 2023 06:07am

Expert for making food and energy security part of national policy

LAHORE: Food and energy security should be made part of the national security policy besides agreeing on a charter ...

Published 07 Feb, 2023 06:07am

Cholistan Desert Rally starts today

LAHORE: The six days 500-km long ‘18th International Cholistan Desert Rally’ will get underway at the historic...

Published 07 Feb, 2023 06:07am

Electricity bills: LHC declares fuel adjustment charges illegal

LAHORE: The Lahore High Court directed the government to provide maximum subsidy to the domestic consumers of 500...

Published 07 Feb, 2023 06:07am

Europe

Ukraine-Russia: UN chief fears world headed for ‘wider war’

UNITED NATIONS: UN chief Antonio Guterres warned nations Monday that he fears the likelihood of further escalation ...

Published 07 Feb, 2023 06:07am

South Asia

India opens its largest helicopter factory in new defence push

BENGALURU: India unveiled on Monday its largest helicopter factory, which can turn out at least 1,000 aircraft a...

Published 07 Feb, 2023 06:07am

US tech giant Dell to cut 5pc of its global workforce

WASHINGTON: American computer firm Dell said Monday that it will lay off some five percent of its global workforce,...

Published 07 Feb, 2023 06:07am

President calls for shunning destructive war strategies

ISLAMABAD: President Dr Arif Alvi has called for shunning destructive war strategies and instead focusing on peace...

Published 07 Feb, 2023 06:07am

PM orders restoration of access to Wikipedia

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday ordered the restoration of access to Wikipedia with immediate...

Updated 07 Feb, 2023 06:27am

PFMA threatens to stop flour supply if illegal inspections not stopped

LAHORE: The Punjab Flour Mills Association has warned the government of not supplying flour to open market across ...

Published 07 Feb, 2023 06:07am

Earthquake in Türkiye: NDMA to assist in relief operations: FO

ISLAMABAD: The Foreign Office said on Monday that Pakistan stands in solidarity with Türkiye in the wake of the...

Published 07 Feb, 2023 06:07am

Energy

KE, Chinese company ink accord

KARACHI: Committed to providing clean, affordable and sustainable power to people of Pakistan, including...

Published 07 Feb, 2023 06:07am

Iran keen to strengthen bilateral trade, economic ties: diplomat

PESHAWAR: Commercial attaché of Iranian Consulate in Peshawar Hossein Maliki has said his country is keen to...

Published 07 Feb, 2023 06:07am

Energy

Gwadar region to soon get 100MW power from Iran: NTDC

LAHORE: The National Transmission and Despatch Company Limited (NTDC) has completed construction work on...

Published 07 Feb, 2023 06:07am

FPCCI chief discusses ways, means to support Indus Hospital

KARACHI: Irfan Iqbal Sheikh, president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), met...

Published 07 Feb, 2023 06:07am

DCO concludes its second assembly in Riyadh

ISLAMABAD: The Digital Cooperation Organisation (DCO), the international organisation set up to promote digital...

Updated 07 Feb, 2023 02:49pm

Damage caused by carbon emissions to developing nations highlighted

ISLAMABAD: State Minister for Petroleum Division Musadak Malik has said that developing and under-developed ...

Published 07 Feb, 2023 06:07am

CDWP approves 10 projects worth Rs87.17bn

ISLAMABAD: The Central Development Working Party (CDWP) has cleared as many as 10 development projects worth Rs87.17...

Published 07 Feb, 2023 06:07am

12 cases registered against Gill, LHC told

LAHORE: As many as 12 cases have been registered against Pakistan Tehreek-e-Insaf leader Dr Shahbaz Gill in ...

Published 07 Feb, 2023 06:07am

Kashmir Solidarity Day: Qamar Zaman Kaira Adivser to the Prime Minister on Kashmir Affairs and Gilgit Baltistan

TEXT: On this Solidarity Day, we stand united with our Kashmiri brethren in their valiant struggle to achieve the...

Published 07 Feb, 2023 06:07am

Kashmir Solidarity Day: Bilawal Bhutto Zardari Foreign Minister, Islamic Republic of Pakistan

TEXT: As we observe the Kashmir Solidarity Day, the people of Pakistan salute the sacrifices of our Kashmiri ...

Published 07 Feb, 2023 06:07am

Kashmir Solidarity Day: Muhammad Shehbaz Sharif Prime Minister, Islamic Republic of Pakistan

TEXT: Every year, on the fifth of February, the people of Pakistan reaffirm their solidarity with their Kashmiri...

Published 07 Feb, 2023 06:07am

Kashmir Solidarity Day: Dr Arif Alvi President, Islamic Republic of Pakistan

TEXT: Today, we observe Kashmir Solidarity Day to express Pakistan’s unflinching support for the legitimate and...

Published 07 Feb, 2023 06:07am

The Weather

KARACHI: The weather report on Monday (February 06, 2023) and the forecast for Tuesday (February 07, 2023)...

Published 07 Feb, 2023 06:07am

APNS delegation meets Caretaker: CM Punjab Info Dept directed to pay arrears immediately

LAHORE: The President and Executive Committee members of All Pakistan Newspapers Society (APNS) called on Caretaker...

Published 07 Feb, 2023 06:07am

Receivables/payables: Former AG to help mediate govt-KE dispute

ISLAMABAD: The government has reportedly shown willingness to resolve dispute on outstanding receivables/payables...

Published 07 Feb, 2023 06:07am

PARTLY FACETIOUS: NMN gives training to no one

“Has there been a change in The Trainer?” “Hey I no longer have the funds to hire a personal trainer, and I am...

Published 07 Feb, 2023 06:07am

Energy

Asia’s spot fuel oil market softens

SINGAPORE: Asia’s spot fuel oil market softened further on Monday, while a price cap on Russian refined oil...

Published 07 Feb, 2023 06:07am

Energy

Gasoil margins dip to almost one-year low

SINGAPORE: Asia’s 10-ppm sulphur gasoil margins softened to almost a one-year low, against a backdrop of weaker ...

Published 07 Feb, 2023 06:07am

Energy

US natgas futures down on weather forecast

NEW YORK: US natural gas futures held near a 25-month low on Monday as rising output and forecasts for warmer ...

Published 07 Feb, 2023 06:07am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 352,267 tonnes of cargo comprising 248,837 tonnes of import cargo and ...

Published 07 Feb, 2023 06:07am

Cotton & Textile

Subdued business on cotton market

LAHORE: The local cotton market on Monday remained bullish and the trading volume remained low. Cotton Analyst...

Published 07 Feb, 2023 06:07am

Stocks

Wall Street edges lower on Fed fears; Tyson Foods slides

NEW YORK: US stock indexes edged lower on Monday with Tyson Foods falling on disappointing quarterly results, while...

Published 07 Feb, 2023 06:07am

Stocks

European shares fall as strong US data set off rate hike worries

PARIS: European shares fell on Monday, as fears that the global interest rate-hiking cycle could persist for longer...

Published 07 Feb, 2023 06:07am

Stocks

FTSE 100 slips from record high as upbeat data stoke Fed rate jitters

LONDON: UK’s FTSE 100 slipped from a record high on Monday, after upbeat US labour market data raised worries that...

Published 07 Feb, 2023 06:07am

Energy

Oil rises in choppy trade on China demand hopes

HOUSTON: Oil prices edged higher in choppy trading on Monday as markets weighed a return in demand from China ...

Published 07 Feb, 2023 06:07am

Stocks

Indian shares fall on rate fears, Adani rout

BENGALURU: Indian shares fell on Monday, dragged by tech after a strong US jobs report renewed fears of the Federal...

Published 07 Feb, 2023 06:07am

Rates

LME official prices

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

Published 07 Feb, 2023 06:07am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (February 06, 2023)...

Published 07 Feb, 2023 06:07am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (February 06, 2023). ======================================= Offset...

Published 07 Feb, 2023 06:07am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 06, 2023)....

Published 07 Feb, 2023 06:07am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (February 06, 2023). ======================== Open Bid...

Published 07 Feb, 2023 06:07am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (February 06, 2023)....

Published 07 Feb, 2023 06:07am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Monday (February 06, 2023)....

Published 07 Feb, 2023 06:07am

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 07 Feb, 2023 06:07am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Monday (February 06, 2023)....

Published 07 Feb, 2023 06:07am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 07 Feb, 2023 06:07am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (February 06, 2023). ==================================== BR...

Published 07 Feb, 2023 06:07am

Stocks

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

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

Published 07 Feb, 2023 06:07am

Rates

BOARD MEETINGS

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

Published 07 Feb, 2023 06:07am

Rates

Dividend/Bonus Announcements

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

Published 07 Feb, 2023 06:07am

Stocks

Last date of renunciation/payment

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

Published 07 Feb, 2023 06:07am

Rates

Proposed right issues

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

Published 07 Feb, 2023 06:07am

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 07 Feb, 2023 06:07am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Monday (February 06, 2023). ======================== OFFER PRICE...

Published 07 Feb, 2023 06:07am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Monday (February 06, 2023). ======================== OFFER PRICE...

Published 07 Feb, 2023 06:07am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Monday (February 06, 2023). ======================== OFFER PRICE...

Published 07 Feb, 2023 06:07am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Monday (February 06, 2023). ======================== OFFER PRICE...

Published 07 Feb, 2023 06:07am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Monday (February 06, 2023). ======================== OFFER PRICE 1,444.5420...

Published 07 Feb, 2023 06:07am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Monday (February 06, 2023). ======================== OFFER PRICE...

Published 07 Feb, 2023 06:07am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Monday (February 06, 2023). ======================== OFFER PRICE...

Published 07 Feb, 2023 06:07am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Monday (February 06, 2023). ======================== OFFER PRICE...

Published 07 Feb, 2023 06:07am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Monday (February 06, 2023). ======================== OFFER PRICE...

Published 07 Feb, 2023 06:07am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Monday (February 06, 2023). ======================== OFFER PRICE...

Published 07 Feb, 2023 06:07am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (February 06, 2023). ========================== KIBOR...

Published 07 Feb, 2023 06:07am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Monday (February 06, 2023)....

Published 07 Feb, 2023 06:07am

Forex

Open market rates of foreign currencies

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

Published 07 Feb, 2023 06:07am

Power sector: Govt has Achilles heel somewhere, IMF finds it

Finance Ministry and Power Division hold threadbare discussions with IMF

Updated 07 Feb, 2023 08:44am

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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