News Archives for Print - 2023-07-04

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Print - 2023-07-04

Transmission sector: World Bank urges govt to mull leveraging private sector investments

ISLAMABAD: The World Bank (WB) is said to have advised the government to consider leveraging private sector...

Published 04 Jul, 2023 05:07am

Large-scale Israeli army raid kills 8 in West Bank

JENIN, (Palestinian Territories): Israeli forces killed eight Palestinians in a large-scale operation Monday in the...

Published 04 Jul, 2023 05:07am

LHC withdraws stay order against election of PCB chairman

LAHORE: The Lahore High Court (LHC) on Monday withdrew its stay order against the election of Pakistan Cricket Board...

Published 04 Jul, 2023 05:07am

Eidul Azha: SSWMB shows poor performance

KARACHI: The elected members of Karachi Metropolitan Corporation (KMC) have raised a hue and cry over what they...

Published 04 Jul, 2023 05:07am

CBD Punjab prepared to tackle monsoon season

LAHORE: As per the directives from government of Pakistan and the government of Punjab, Central Business District...

Published 04 Jul, 2023 05:07am

ATC extends judicial remand of Khadija Shah

LAHORE: Anti-Terrorism Court on Monday extended the judicial remand of Khadija Shah, granddaughter of former army...

Published 04 Jul, 2023 05:07am

Officers (Equivalent to BPS-17) ‘Fesco advertised for recruitment under disabled quota only’

FAISALABAD: Faisalabad Electric Supply Company (Fesco) spokesman has informed the public and candidates that...

Published 04 Jul, 2023 05:07am

The Weather

KARACHI: The weather report on Monday (July 03, 2023) and the forecast for Tuesday (July 04, 2023)...

Published 04 Jul, 2023 05:07am

Monsoon rains: NDMA finalises emergency plan

ISLAMABAD: The National Disaster Management Authority (NDMA) on Monday finalized its emergency plan ahead of the...

Published 04 Jul, 2023 05:07am

Toshakhana case: PTI chief requests IHC CJ to recuse himself

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) chairman requested the Chief Justice of the Islamabad High Court ...

Published 04 Jul, 2023 05:07am

JI slams Centre’s ‘silence on KE’s misconduct’

KARACHI: In the wake of increasing electricity load shedding in the megacity, Jamaat-e-Islami (JI) Karachi chapter ...

Published 04 Jul, 2023 05:07am

Universities barred from granting affiliations to colleges, institutions

ISLAMABAD: The Higher Education Commission (HEC) has announced a complete ban on granting new affiliations to...

Published 04 Jul, 2023 05:07am

Punjab ADP: more projects approved by CM

LAHORE: The Punjab Cabinet, which met here Monday with the caretaker Chief Minister Punjab Mohsin Naqvi in the ...

Published 04 Jul, 2023 05:07am

Governor pays tributes to army martyrs

LAHORE: Punjab Governor Balighur Rehman, while paying tributes to the jawans of Pak army who were martyred during ...

Published 04 Jul, 2023 05:07am

PML-N candidates asked to start election campaign

LAHORE: Pakistan Muslim League-Nawaz (PML-N) is learnt to have asked its leaders and candidates to start mass ...

Published 04 Jul, 2023 05:07am

Minister pays tribute to martyred soldiers

KARACHI: Provincial Minister for Information, Transport, and Mass Transit, Sharjeel Inam Memon, paid tribute to the...

Published 04 Jul, 2023 05:07am

Art Malik honoured by Pakistan Society

LONDON: Renowned British actor, Art Malik, Trustee of the Graham Layton Trust, was honoured with the Jinnah Medal by...

Published 04 Jul, 2023 05:07am

200 acres of land allocated for graveyard in Keamari: mayor

KARACHI: Mayor Karachi Barrister Murtaza Wahab has said that 200 acres of land has been allocated for the new...

Published 04 Jul, 2023 05:07am

Lawyer’s murder case: PTI chief submits surety bonds

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Monday furnished surety bonds in the office of an...

Published 04 Jul, 2023 05:07am

‘Advocate Shar murder’ PTI chief requests SC to fix his plea today

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) chairman requested the Supreme Court to fix his petition against the...

Published 04 Jul, 2023 05:07am

LHC DB suspends call-up notices of ACE

LAHORE: A division bench of the Lahore High Court (LHC) on Monday suspended call-up notices of the Anti-Corruption...

Published 04 Jul, 2023 05:07am

JUI-F plays down PPP, PML-N meeting in Dubai

ISLAMABAD: Jamiat Ulema-e-Islam-Fazal (JUI-F) on Monday played down the recent meeting between top leaders of...

Published 04 Jul, 2023 05:07am

Desecration of the holy Quran: JI submits resolution to Swedish Embassy

ISLAMABAD: Jamaat-e-Islami Pakistan on Monday submitted a resolution to the Swedish Embassy in Islamabad, condemning...

Published 04 Jul, 2023 05:07am

Govt issues cyber attacks advisory

ISLAMABAD: The government has warned that android malware Goldoson infected Google Play apps and advised to remain...

Published 04 Jul, 2023 05:07am

Free diagnostic services in govt hospitals across Punjab

LAHORE: As per vision of the caretaker Punjab Chief Minister Mohsin Naqvi, quality healthcare facilities along with...

Published 04 Jul, 2023 05:07am

Rates

Stock market sees biggest 1-day gain in 15 years

KARACHI: Pakistan Stock Exchange (PSX) on Monday witnessed a record surge in the KSE-100 Index after the ...

Published 04 Jul, 2023 05:07am

Pakistan, Japan agree to expand ties in multiple areas

ISLAMABAD: Pakistan and Japan on Monday agreed to further deepen and enhance their mutually beneficial bilateral...

Published 04 Jul, 2023 05:07am

Financial support from friendly countries: PM heaps praise on army chief

ISLAMABAD: Prime Minister Shehbaz Sharif has termed the $3 billion nine-month Stand-By Arrangement (SBA) with the...

Published 04 Jul, 2023 05:07am

Swiss FM due this week

ISLAMABAD: Foreign Minister for Switzerland Ignazio Cassis is likely to visit Islamabad this week aimed at exploring...

Published 04 Jul, 2023 05:07am

Key highways in Balochistan blocked over extortion, lawlessness

BARKHAN: Important roads in Balochistan were blocked by people in separate protests for acceptance of their demands...

Published 04 Jul, 2023 05:07am

PARTLY FACETIOUS: A job badly done

“So what do you call someone who elicits spirited defense for a job extremely badly done?” “I am not sure, two...

Published 04 Jul, 2023 05:07am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 270,390 tonnes of cargo comprising 215,443 tonnes of import cargo and 54,947...

Published 04 Jul, 2023 05:07am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday (July 03, 2023)...

Published 04 Jul, 2023 05:07am

Cotton & Textile

Cotton market: Spot rate loses Rs1000 per maund

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

Published 04 Jul, 2023 05:07am

Energy

Oil rallies on Saudi, Russian supply cuts for August

HOUSTON: Oil prices rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August,...

Published 04 Jul, 2023 05:07am

Stocks

China stocks close up on policy support hopes

SHANGHAI: China stocks closed up on Monday on hopes of more policy easing after the country’s central bank said it...

Published 04 Jul, 2023 05:07am

Stocks

European shares end lower as healthcare declines outweigh miner gains

PARIS: European shares erased gains by the closing bell to finish lower on Monday as AstraZeneca led falls among...

Published 04 Jul, 2023 05:07am

Stocks

Wall St ends little changed in shortened session

NEW YORK: The S&P 500 ended little changed in a holiday-shortened session on Monday, kicking off the second half...

Published 04 Jul, 2023 05:07am

The youth bulge

The high rate of population growth of Pakistan, among the highest in the world, has led to the emergence of a large...

Updated 04 Jul, 2023 05:50am

The more things change…

After a three weeks sojourn in the UK, returning to Pakistan was a case of an overdose of déjà vu. But I must not...

Updated 04 Jul, 2023 05:59am

Letters

‘Shah Mahmood Qureshi’s approach to politics’

This is apropos a letter to the Editor ‘Shah Mahmood Qureshi’s approach to politics’ carried by the newspaper ...

Published 04 Jul, 2023 05:07am

Energy

NIMIR Energy signs MoU with LONGi

LAHORE: NIMIR Energy, a leading renewable energy company, has taken a significant step towards resolving ...

Published 04 Jul, 2023 05:07am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 03, 2023)....

Published 04 Jul, 2023 05:07am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Monday (July 03, 2023)....

Published 04 Jul, 2023 05:07am

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 04 Jul, 2023 05:07am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Monday (July 03, 2023)....

Published 04 Jul, 2023 05:07am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 04 Jul, 2023 05:07am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (July 03, 2023). ==================================== BR...

Published 04 Jul, 2023 05:07am

Stocks

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

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

Published 04 Jul, 2023 05:07am

Rates

BOARD MEETINGS

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

Published 04 Jul, 2023 05:07am

Rates

Dividend/Bonus Announcements

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

Published 04 Jul, 2023 05:07am

Stocks

Last date of renunciation/payment

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

Published 04 Jul, 2023 05:07am

Rates

Proposed right issues

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

Published 04 Jul, 2023 05:07am

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 04 Jul, 2023 05:07am

Govt’s LoI to IMF contains 9 major assurances

Pakistan assures that no new tax amnesty would be granted during the next nine months

Updated 04 Jul, 2023 09:52am

Risks undermining MTDS targets identified

ISLAMABAD: The estimates of key economic indicators are prone to certain risks and vulnerabilities that could cause...

Updated 04 Jul, 2023 09:08am

IMF deal to support macroeconomic stability: Moody’s

ISLAMABAD: Moody’s Investors Service (Moody’s) Monday said that Pakistan’s new deal with the International Monetary...

Updated 04 Jul, 2023 09:06am

Dar appreciates role of Chinese FIs

ISLAMABAD: Finance Minister Ishaq Dar on Monday appreciated the Chinese support to Pakistan on multiple fronts, and...

Updated 04 Jul, 2023 09:12am

Rs4bn TSG to be given: Govt to help PIAC secure Rs13bn commercial loans

ISLAMABAD: The government has decided to facilitate Pakistan International Airlines Corporation (PIAC) to secure...

Updated 04 Jul, 2023 09:11am

Development: NEC approves ‘megabudget’

ISLAMABAD: In a significant development for the country’s economic landscape, National Economic Council (NEC) held a...

Updated 04 Jul, 2023 09:09am

Cabinet briefed about salient features of IMF deal

ISLAMABAD: The federal cabinet was briefed about the salient features of the $3 billion deal with International...

Updated 04 Jul, 2023 09:10am

Nepra Act: Govt readies amendments to catapult its ‘own man’ to top slot

ISLAMABAD: The government has reportedly prepared amendments to the National Electric Power Regulatory Authority...

Updated 04 Jul, 2023 09:09am

June CPI inflation rises to 29.4pc YoY

ISLAMABAD: The Consumer Price Index (CPI) based inflation increased to 29.4 percent on a year-on-year basis in June...

Published 04 Jul, 2023 05:07am

Jul-Jun trade deficit shrinks 43.03pc to $27.547bn YoY

ISLAMABAD: Pakistan’s trade deficit narrowed by 43.03 per cent to $27.547 billion during the fiscal year 2022-23...

Published 04 Jul, 2023 05:07am

Value of Rs5m or more: 3pc advance tax to be collected on registration of EVs

ISLAMABAD: The advance tax at the rate of 3 percent would be collected at the time of registration of electric...

Updated 04 Jul, 2023 09:11am

100MW solar project: AEDB approves issuance of TLoS to Zorlu

ISLAMABAD: Alternative Energy Development Board (AEDB) has approved issuance of Tripartite Letter of Support (TLoS)...

Updated 04 Jul, 2023 08:47am

China slaps export curbs on essential chip-making metals

BEIJING: China said on Monday it would slap export controls on two rare metals essential for the manufacture of...

Published 04 Jul, 2023 05:07am

BofA asks Fed to clarify stress test results

NEW YORK: Bank of America Corp (BofA) said on Monday it had begun a dialogue with the Federal Reserve to understand...

Published 04 Jul, 2023 05:07am

New agreement with KE: Centre urged to consult Sindh

KARACHI: Sindh Energy Minister Imtiaz Ahmed Shaikh on Monday said that the provincial government has continuously...

Updated 04 Jul, 2023 08:47am

TMA leader hails Pakistan’s $3bn SBA with IMF

KARACHI: The Senior Vice Chairman of the Towel Manufacturers Association of Pakistan Syed Usman Ali welcomed the...

Published 04 Jul, 2023 05:07am

Taxes

From one customs field formation to another: FBR empowered to transfer investigations of criminal cases

ISLAMABAD: The Federal Board of Revenue (FBR) has been empowered to immediately transfer the investigation of...

Published 04 Jul, 2023 05:07am

OGDCL revives Jhal Magsi gas project

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), the leading exploration and production state-owned...

Published 04 Jul, 2023 05:07am

External debt: business community leader explains enormity of challenge

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum ...

Published 04 Jul, 2023 05:07am

Money & Banking

SMEs: SBP selects Haball to drive financial inclusion

LAHORE: The State Bank of Pakistan (SBP) has recently selected Pakistan’s first B2B fintech company Haball through...

Published 04 Jul, 2023 05:07am

Completion of Matiari-Lahore Transmission Line: MoE, SGCC and NTDC celebrate ‘Decade of CPEC’

LAHORE: Ministry of Energy (Power Division), State Grid Corporation of China and NTDC celebrated a special event to...

Published 04 Jul, 2023 05:07am

LCCI urges govt to initiate economic, institutional reforms

LAHORE: The progressive group of members of the Lahore Chamber of Industry and Commerce (LCCI) has urged the...

Published 04 Jul, 2023 05:07am

IMF agreement to help govt achieve GDP growth target: PIAF

LAHORE: The Pakistan Industrial and Traders Associations Front (PIAF) Chairman Faheemur Rehman Saigol on Monday said...

Published 04 Jul, 2023 05:07am

Taxes

Immovable properties: Tax authorities issuing ‘super tax’ notices

LAHORE: Tax authorities are issuing notices of super tax to taxpayers against immovable properties on which no...

Published 04 Jul, 2023 05:07am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 13.977 ...

Published 04 Jul, 2023 05:07am

Commodities

Iron ore slumps as China production cuts spark fears of demand drop

BEIJING: Dalian and Singapore iron ore futures slipped on Monday as traders became cautious of faltering demand ...

Published 04 Jul, 2023 05:07am

Commodities

Japanese rubber futures steady amid dwindling factory output

SINGAPORE: Japanese rubber futures opened flat on Monday, as losses from shrinking factory activity in China and...

Published 04 Jul, 2023 05:07am

Commodities

China stimulus hope and falling inventories buoy copper

LONDON: Copper prices firmed on Monday as hopes for economic stimulus in top consumer China were raised by slowing...

Published 04 Jul, 2023 05:07am

Commodities

Palm oil ends more than 5pc higher on supply worries

KUALA LUMPUR: Malaysian palm oil futures rallied more than 5 percent on Monday to hit a more than three-month high,...

Published 04 Jul, 2023 05:07am

Commodities

Gold higher

NEW YORK: Gold prices rose on Monday, as the US dollar and Treasury yields retreated on weaker economic readings,...

Published 04 Jul, 2023 05:07am

Money & Banking

Dollar little changed after ISM data

NEW YORK: The dollar was little changed on Monday against a basket of major trading currencies and gained against a...

Published 04 Jul, 2023 05:07am

IMF: We have to pay the price we deserve to pay

EDITORIAL: While specific details of precisely what are the prior conditions that the government has agreed to in ...

Updated 04 Jul, 2023 05:45am

‘Geographical, social and ethnic apartheid’

EDITORIAL: Protests in France have only just begun to calm down after the burial of the 17-year-old boy of...

Published 04 Jul, 2023 05:07am

Commodities

Gold prices see mammoth plunge

KARACHI: Gold prices on Monday saw a mammoth plunge on the local market, traders said. Gold prices slumped by ...

Published 04 Jul, 2023 05:07am

Dar explains economic improvement

ISLAMABAD: Finance Minister Ishaq Dar has said the Consumer Price Index (CPI) inflation in the month of June 2023...

Published 04 Jul, 2023 05:07am

Industry

HCCI hails IMF deal, underscores need for reform programme

HYDERABAD: President Hyderabad Chamber of Commerce and Industry (HCCI) Adeel Siddiqui has said that agreement with...

Published 04 Jul, 2023 05:07am

Commodities

KFA Busan buys 66,000 metric tonnes of corn

HAMBURG: The Korea Feed Association (KFA) Busan section in South Korea purchased about 66,000 metric tonnes of ...

Published 04 Jul, 2023 05:07am

MEBL’s entity ratings reaffirmed to AAA/A-1+ by VIS Credit Rating

KARACHI: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Meezan Bank Limited (‘MEBL’ or...

Published 04 Jul, 2023 05:07am

Companies

BankIslami wins Best Bio Technology Award

KARACHI: BankIslami has been recognized with the prestigious Best Bio Technology Award for its innovative One Touch...

Published 04 Jul, 2023 05:07am

Companies

Adamjee Life wins ‘best website of the year’ award

KARACHI: Adamjee Life, a prominent provider of life insurance solutions, has been recognised with the esteemed...

Published 04 Jul, 2023 05:07am

Industry

Chinese delegation visits PCJCCI

LAHORE: A Chinese delegation visited Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) Secretariat on...

Published 04 Jul, 2023 05:07am

Companies

Zindigi-powered by JS Bank bags award

KARACHI: Zindigi, powered by JS Bank, announced yet another achievement of being recognised as the Best Startup of...

Published 04 Jul, 2023 05:07am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 8	278.28
USD PKR Interbank Buying / May 8	278.03
USD to Japanese Yen / May 8	155.25
USD to Swiss Franc / May 8	0.91
Pound Sterling to USD / May 8	1.25
Euro to USD / May 8	1.07

Stock	Volume
S&P 500 / May 7	5187.70
Nasdaq / May 7	16332.56
Dow Jones / May 7	38884.26
India Sensex / May 8	73566.30
Tokyo Nikkei / May 8	38202.37
Hang Seng / May 8	18325.35
FTSE 100 / May 8	8354.28
Germany DAX 30 / May 8	18528.77

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	19935
Crude Oil USD/Barrel / May 8	77.89
Gold 10 Grams PKR / May 8	205075
Gold Spot USD/Ounce / May 8	2314.41
Cotton US¢/pound / May 8	77.79
Petrol/Litre / May 9	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 9 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 9 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 9 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 9 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 9 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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