News Archives for Print - 2023-07-13

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Print - 2023-07-13

Babar Azam seeks number one spot in ICC Test rankings

LAHORE: Pakistan skipper Babar Azam has moved up in the latest ICC Test batting rankings and looking for achieving...

Published 13 Jul, 2023 04:50am

Penalty imposition: Tax officers accused of failing to prove concealment of income

LAHORE: Taxation officers are accused of not proving deliberate deduction by taxpayers while disallowing ...

Published 13 Jul, 2023 04:50am

FBR removes Member Customs Operations

ISLAMABAD: The Federal Board of Revenue (FBR) has removed Mukarram Jah Ansari from the slot of FBR Member Customs...

Published 13 Jul, 2023 04:50am

Customs seize Rs90m smuggled vapes

KARACHI: Directorate of Intelligence and Investigation, Customs Karachi on Wednesday seized massive quantity of...

Published 13 Jul, 2023 04:50am

Interest-free loans to businessmen: PAC orders formation of body

ISLAMABAD: The Public Accounts Committee (PAC) on Wednesday ordered the formation of a committee comprising ...

Published 13 Jul, 2023 04:50am

LSE listed amongst top 200 International Trade Programmes

LAHORE: The Lahore School of Economics (LSE) has been listed as one of the top 200 International Trade Programmes in...

Published 13 Jul, 2023 04:50am

‘Stand-Up Radio Pakistan’ project: ‘Business plan’ completed in ‘just 14 months’: Marriyum

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb on Wednesday appreciated recent initiatives...

Published 13 Jul, 2023 04:50am

May 9 incidents: PM slams statement by Israel

ISLAMABAD: Prime Minister Shehbaz Sharif Wednesday strongly condemned the statement of the Israeli government...

Published 13 Jul, 2023 04:50am

First flight of Jazeera Airways lands

KARACHI: The maiden flight of Kuwaiti airline “Jazeera Airways” landed at Islamabad International Airport on...

Published 13 Jul, 2023 04:50am

PTI terminates Khattak’s basic party membership

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Wednesday sacked ex-president Khyber-Pakhtunkhwa Pervez Khattak after ...

Published 13 Jul, 2023 04:50am

Toshakhana case: PTI chief summoned by local court

ISLAMABAD: A local court, on Wednesday, granted an exemption to Pakistan Tehreek-e-Insaf (PTI) Chairman and former...

Published 13 Jul, 2023 04:50am

The Weather

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

Published 13 Jul, 2023 04:50am

Govt’s tenure to end on Aug 14: PM

ISLAMABAD: Prime Minister Shehbaz Sharif Wednesday said the tenure of the incumbent government is ending on the 14th...

Published 13 Jul, 2023 04:50am

9 soldiers martyred in Zhob Garrison attack

ISLAMABAD: Nine soldiers were martyred as terrorists launched a “dastardly attack” on the Pakistan Army’s Zhob...

Published 13 Jul, 2023 04:50am

USAID supports Pakistan’s climate research coordination

LAHORE: The United States Agency for International Development (USAID) through its Higher Education System...

Published 13 Jul, 2023 04:50am

Speakers call for interval in childbirth

LAHORE: Speakers at a seminar have called for interval in childbirth for saving lives of about 11,000 women who die...

Published 13 Jul, 2023 04:50am

PFA unearths fake beverages unit in Shahdara

LAHORE: The Punjab Food Authority (PFA) on Wednesday unearthed fake beverages manufacturing unit producing ...

Published 13 Jul, 2023 04:50am

Preservation of NAP record: NA panel for funds to acquire new technology, techniques

ISLAMABAD: The National Assembly Standing Committee on Cabinet Secretariat recommended for allocation of funds for...

Published 13 Jul, 2023 04:50am

LHC restrain appointment of Treasurer at FAU

LAHORE: The Lahore High Court has restrained the caretaker government of Punjab from finalizing the process for the...

Published 13 Jul, 2023 04:50am

LHC dismisses Khadija Shah’s plea

LAHORE: The Lahore High Court on Wednesday dismissed petitions of Khadija Shah grand daughter of former Army Chief...

Published 13 Jul, 2023 04:50am

KMC sets up rain emergency cell

KARACHI: Karachi Metropolitan Corporation (KMC) has established a rain emergency cell in KMC Sports Complex in the...

Published 13 Jul, 2023 04:50am

‘India releases 211,000 cusecs of water in Sutlej’

LAHORE: India has released 211,000 cusecs of water in Sutlej and 38,000 cusecs of water is likely to flow at the...

Published 13 Jul, 2023 04:50am

40 villages inundated in Jhang: CM directs steps for normalisation of flood situation

LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi in his tweet apprised that according to the report of...

Published 13 Jul, 2023 04:50am

The BRICS’s creeping ‘gold currency’

It’s a shame that market pundits have been busy scandalising JP Morgan’s involvement with the late, notorious ...

Updated 13 Jul, 2023 05:15am

Setting the record straight

In FY23, textile exports plunged by $2.8 billion (15% decline) compared to FY22, derailing positive developments...

Updated 13 Jul, 2023 05:25am

FIA’s appeal for physical remand of Elahi dismissed

LAHORE: A sessions’ court on Wednesday dismissed an appeal of the Federal Investigation Agency (FIA) against...

Published 13 Jul, 2023 04:50am

PARTLY FACETIOUS: A picture of Nawaz Sharif with his nephews

“The fault lies with climate change.” “Well you can’t deny it – I mean the scale of losses due to floods...

Published 13 Jul, 2023 04:50am

10 of a family burnt to death in Lahore

LAHORE: In a devastating incident in Bhatti Gate area of Lahore on Wednesday, a family of 10, including an infant ...

Published 13 Jul, 2023 04:50am

Stocks

HK shares up on credit data surprise; China stocks slip

HONG KONG: Hong Kong shares extended their rally to a third straight session on Wednesday, driven by...

Published 13 Jul, 2023 04:50am

Stocks

European shares jump as cooling US inflation

PARIS: European shares jumped on Wednesday as further evidence of easing consumer inflation in the United States...

Published 13 Jul, 2023 04:50am

Stocks

Wall St rallies as cooling inflation eases rate hike fears

NEW YORK: Wall Street rallied on Wednesday, led by gains in rate-sensitive megacap growth stocks after data showed...

Published 13 Jul, 2023 04:50am

Lawyers’ fake degrees: SC summons Islamia University Bahawalpur VC

ISLAMABAD: The Supreme Court summoned vice-chancellor Islamia University, Bahawalpur, in lawyers’ fake degrees and...

Published 13 Jul, 2023 04:50am

Ruling coalition: business community leader says concerned at growing differences

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

Published 13 Jul, 2023 04:50am

Sindh Assembly condemns desecration of Holy Quran

KARACHI: Condemnations and anger rattled the Sindh Assembly on Wednesday, which adopted a unanimous resolution...

Published 13 Jul, 2023 04:50am

Karachi Division: Sindh CM hosts JI, PTI and independent town chairmen, vice chairmen

KARACHI: Sindh Chief Minister Syed Murad Ali Shah invited all the town chairmen and vice chairmen of Karachi ...

Published 13 Jul, 2023 04:50am

PCAA to halt flight operations at AIIAP from July 15 to Sept 15

KARACHI: Allama Iqbal International Airport (AIIAP) will experience temporary flight disruptions as the Pakistan...

Published 13 Jul, 2023 04:50am

NA body informed: Arab countries keen to invest in various sectors

ISLAMABAD: Secretary Special Investment Facilitation Council (SIFC) Jameel Ahmed Qureshi on Wednesday informed the...

Published 13 Jul, 2023 04:50am

NA body says open manholes pose threat to public safety

ISLAMABAD: The National Assembly Standing Committee on Climate Change and Environmental Coordination expressed...

Published 13 Jul, 2023 04:50am

Karachi mayor vows to work harder to resolve all civic issues

KARACHI: Mayor Karachi Barrister Murtaza Wahab on Wednesday said that the problems of 75 years cannot be resolved in...

Published 13 Jul, 2023 04:50am

Letters

Finally, the IMF board approves bailout

It is indeed heartening to note that the Executive Board of International Monetary Fund (IMF) has accorded its...

Published 13 Jul, 2023 04:50am

FIA directed to probe bogus affiliations with hospitals, fake degrees

ISLAMABAD: The Senate Sub-Committee on National Health Services, Regulation and Coordination on Wednesday directed...

Published 13 Jul, 2023 04:50am

Stocks

Australian shares higher

SYDNEY: Australian shares closed more than 1% higher on Tuesday, marking their best day since early January, led by ...

Published 13 Jul, 2023 04:50am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 13 Jul, 2023 04:50am

Stocks

Last date of renunciation/payment

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

Published 13 Jul, 2023 04:50am

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 Jul, 2023 04:50am

Rates

Oil sector leads rally

KARACHI: A positive trend continued on Pakistan Stock Exchange on Wednesday on the back of healthy buying by local...

Published 13 Jul, 2023 04:50am

Stocks

Indian shares decline ahead of inflation data

BENGALURU: Indian shares swung between gains and losses before settling lower on Wednesday, as caution prevailed...

Published 13 Jul, 2023 04:50am

Energy

Saudi output cut removes downside risk from oil market

LONDON: Extra crude production cuts announced by Saudi Arabia and Russia have removed some downside risk and stemmed...

Published 13 Jul, 2023 04:50am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 131,520 tonnes of cargo comprising 79,098 tonnes of import cargo and 52,422...

Published 13 Jul, 2023 04:50am

Rates

LME official prices

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

Published 13 Jul, 2023 04:50am

Grains

Lahore Grain Market Rates

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

Published 13 Jul, 2023 04:50am

Paper

Lahore Paper Market Rates

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

Published 13 Jul, 2023 04:50am

Rates

Shipping Intelligence

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

Published 13 Jul, 2023 04:50am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (July 12, 2023). ======================== Open Bid ...

Published 13 Jul, 2023 04:50am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (July 12, 2023)....

Published 13 Jul, 2023 04:50am

Rates

Revised Rates of Debt Securities

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

Published 13 Jul, 2023 04:50am

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 Jul, 2023 04:50am

Rates

Member to Member

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

Published 13 Jul, 2023 04:50am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (July 12, 2023). ==================================== BR...

Published 13 Jul, 2023 04:50am

Rates

BOARD MEETINGS

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

Published 13 Jul, 2023 04:50am

Rates

Proposed right issues

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

Published 13 Jul, 2023 04:50am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Wednesday (July 12, 2023). ======================== OFFER PRICE...

Published 13 Jul, 2023 04:50am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Wednesday (July 12, 2023). ======================== OFFER PRICE...

Published 13 Jul, 2023 04:50am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Wednesday (July 12, 2023). ======================== OFFER PRICE...

Published 13 Jul, 2023 04:50am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Wednesday (July 12, 2023). ======================== OFFER PRICE...

Published 13 Jul, 2023 04:50am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Wednesday (July 12, 2023). ======================== OFFER PRICE 1,571.4148...

Published 13 Jul, 2023 04:50am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Wednesday (July 12, 2023). ======================== OFFER PRICE...

Published 13 Jul, 2023 04:50am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Wednesday (July 12, 2023). ======================== OFFER PRICE...

Published 13 Jul, 2023 04:50am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Wednesday (July 12, 2023). ======================== OFFER PRICE...

Published 13 Jul, 2023 04:50am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Wednesday (July 12, 2023). ======================== OFFER PRICE...

Published 13 Jul, 2023 04:50am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Wednesday (July 12, 2023). ======================== OFFER PRICE...

Published 13 Jul, 2023 04:50am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (July 12, 2023). ========================== KIBOR...

Published 13 Jul, 2023 04:50am

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 13 Jul, 2023 04:50am

Forex

Open market rates of foreign currencies

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

Published 13 Jul, 2023 04:50am

SPV21 files plea in Cayman Islands’ court for KESP winding up

ISLAMABAD: IGCF SPV 21 Limited (SPV21) filed a petition in the Grand Court of the Cayman Islands for a Just &...

Updated 13 Jul, 2023 09:01am

Ministries, Divisions: Direct payment through SBP linked to prior approval

ISLAMABAD: Finance Division has barred all Ministries/ Divisions from direct payment through State Bank of Pakistan...

Updated 13 Jul, 2023 09:32am

Tied to managing circular debt: Impact of power tariff rebasing not assessed as yet: govt

ISLAMABAD: Minister for Power Khurram Dastgir Khan on Wednesday said exact impact of rebasing of electricity tariff...

Updated 13 Jul, 2023 09:24am

Country aims $1bn pharma exports by 2025, says Qamar

ISLAMABAD: Federal Minister of Commerce Syed Naveed Qamar said Wednesday that Pakistan’s objective is to increase...

Updated 13 Jul, 2023 09:35am

Cases of overseas Pakistanis: FTO issues guiding policy to FBR

ISLAMABAD: The Federal Tax Ombudsman (FTO) has warned the Federal Board of Revenue (FBR) that the harsh treatment of...

Updated 13 Jul, 2023 09:06am

Govt negotiating second cargo of discounted Russian crude

ISLAMABAD: The State Minister for Petroleum, Dr Musadik Malik, on Wednesday said that talks with Russia are...

Updated 13 Jul, 2023 09:11am

Airport outsourcing: Dar seeks roadmap

ISLAMABAD: Finance Minister Ishaq Dar emphasized receiving a roadmap with timelines for moving forward on a...

Updated 13 Jul, 2023 09:17am

‘Road to Healthy Heart’ Experts emphasise healthy habits to safeguard cardiovascular health

LAHORE: In a highly informative seminar titled "Road to Healthy Heart," Dr. Shugufta Feroz presented an in-depth...

Published 13 Jul, 2023 04:50am

Commodities

Sliding dollar propels copper to 2-1/2-week high

LONDON: Copper jumped to 2-1/2-week highs on Wednesday as the dollar tumbled after US June inflation data and...

Published 13 Jul, 2023 04:50am

Energy

Oil prices rise as mild US inflation data calms fear of Fed rate hike

NEW YORK: Oil prices rise on Wednesday, with benchmark Brent futures breaching $80 a barrel for the first time since...

Published 13 Jul, 2023 04:50am

Commodities

Gold climbs over 1pc

NEW YORK: Gold prices jumped more than 1% on Wednesday after signs of cooling inflation in the United States boosted...

Published 13 Jul, 2023 04:50am

Commodities

Palm oil closes 1pc higher on firm demand

KUALA LUMPUR: Malaysian palm oil futures ended 1 percent higher on Wednesday, recouping losses on robust demand and...

Published 13 Jul, 2023 04:50am

Cotton & Textile

Cotton harvest: top agri official says TCP to ensure ‘better’ compensation

LAHORE: Secretary Agriculture, Punjab Iftikhar Ali Sahoo said here on Wednesday that Trading Corporation of Pakistan...

Published 13 Jul, 2023 04:50am

Commodities

All analysts banking on lower US corn yield

NAPERVILLE, (Illinois): After one of the driest-ever Junes in the US Corn Belt, grain market participants already...

Published 13 Jul, 2023 04:50am

Commodities

Soy extends rally on harvest doubts

PARIS/SINGAPORE: Chicago soybean futures rose for a second session on Tuesday as rain gave only a modest boost to...

Published 13 Jul, 2023 04:50am

Commodities

‘2023 coffee harvest reaches 42.7pc’

SAO PAULO: Brazil’s Cooxupe, the world’s largest coffee co-operative and the country’s biggest coffee ...

Published 13 Jul, 2023 04:50am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 19.208...

Published 13 Jul, 2023 04:50am

Cotton & Textile

Cotton spot rates

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

Published 13 Jul, 2023 04:50am

Cotton & Textile

Cotton market steady with satisfactory trading volume

LAHORE: The local cotton market on Wednesday was steady and the trading volume remained satisfactory. Cotton...

Published 13 Jul, 2023 04:50am

Commodities

Euronext wheat eases with exports, USDA data in focus

PARIS: Euronext wheat drifted lower on Wednesday as export competition weighed on sentiment and participants ...

Published 13 Jul, 2023 04:50am

Expectedly, IMF board approves $3bn 9-mth SBA

The Board’s approval allows for immediate disbursement of about US$1.2 billion

Updated 13 Jul, 2023 10:05am

UAE deposits $1bn to support forex reserves

Industry

Sustainability platform ‘What's the Alternative’ inaugurated

KARACHI: In collaboration with the Overseas Investors Chamber of Commerce & Industry (OICCI), SEED Ventures...

Published 13 Jul, 2023 04:50am

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
FTSE 100 / May 7	8313.67
Dow Jones / May 7	38884.26
Germany DAX 30 / May 7	18430.05
France CAC40 / May 7	8075.68
India Sensex / May 8	73566.30
Tokyo Nikkei / May 8	38202.37

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	19935
Gold 10 Grams PKR / May 7	205761
Petrol/Litre / May 8	288.49
Crude Oil USD/Barrel / May 8	77.89
Gold Spot USD/Ounce / May 8	2314.41
Diesel/Litre / May 8	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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