News Archives for Print - 2023-08-17

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Print - 2023-08-17

Iran says its released assets abroad will be used for domestic output

DUBAI: Iran’s released assets abroad will be used to enhance domestic production, President Ebrahim Raisi was...

Published 17 Aug, 2023 03:49am

Money laundering probe: Singapore arrests 10 foreigners, seizes S$1bn assets

SINGAPORE: Singapore police have arrested 10 foreigners for alleged money laundering and forgery offences, in a case...

Published 17 Aug, 2023 03:49am

Shehzad takes charge as Divisional Director Info Hyderabad

HYDERABAD: Senior Deputy Director of Information Department Sindh, Deputy Director Information Shehzad Shaikh has...

Published 17 Aug, 2023 03:49am

‘Hateful narratives had gone beyond extremist, violent groups’ Sherry says violent extremism is struggle for power

ISLAMABAD: Former federal minister and senior PPP leader Senator Sherry Rehman has said that violent extremism is a...

Published 17 Aug, 2023 03:49am

Railways hikes fares by 10pc on increase in fuel prices

ISLAMABAD: Following an increase in fuel prices, Pakistan Railways (PR) has announced an increase of 10 percent in...

Published 17 Aug, 2023 03:49am

Wahab directs demolition of illegal hydrants

KARACHI: Mayor Karachi Barrister Murtaza Wahab on Wednesday directed Karachi Water & Sewerage Corporation to...

Published 17 Aug, 2023 03:49am

UBL & BAFL celebrate Independence Day with overseas Pakistanis

KARACHI: Overseas Pakistanis are one of our nation’s most valuable assets. With almost 9 million overseas...

Published 17 Aug, 2023 03:49am

Qureshi urges Kakar to hold elections on time

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) has urged the caretaker Prime Minister Anwaar-ul-Haq Kakar to ensure the...

Published 17 Aug, 2023 03:49am

IHC orders release of Shehryar Afridi, Shandana Gulzar

ISLAMABAD: The Islamabad High Court (IHC) ordered to release Pakistan Tehreek-e-Insaf (PTI) leaders Shehryar Afridi...

Published 17 Aug, 2023 03:49am

NA Additional Secy felicitated

ISLAMABAD: National Assembly Speaker Raja Pervaiz Ashraf congratulated National Assembly Additional Secretary...

Published 17 Aug, 2023 03:49am

Protective bail of Elahi: SC asks LHC division bench to decide case by 21st

ISLAMABAD: The Supreme Court asked the Division Bench of the Lahore High Court (LHC) to positively decide the case ...

Published 17 Aug, 2023 03:49am

‘Med-Health Expo 2023 and Summit’ held: President highlights ‘prevention is better than cure’ principle

ISLAMABAD: President Dr Arif Alvi said that adopting preventive measures could help people avoid or minimize the...

Published 17 Aug, 2023 03:49am

LDA to sign MoU with BoP and JS Bank

LAHORE: The Lahore Development Authority (LDA) will sign a memorandum of understanding (MoU) with the Bank of Punjab...

Published 17 Aug, 2023 03:49am

Mangla Dam almost full

MANGLA: The water level in Mangla Dam has risen to 1,241 feet which is only one foot lower than its maximum capacity...

Published 17 Aug, 2023 03:49am

Some insurance companies refuting claims

LAHORE: Some insurance companies are refuting insurance claims on the pretext that the insured had made fraudulent...

Published 17 Aug, 2023 03:49am

74 women cricketers: PCB announces first-ever domestic contracts

LAHORE: In a significant development for women’s cricket in Pakistan, a total of 74 talented women cricketers have...

Published 17 Aug, 2023 03:49am

‘Saudi Arabia’s Vision 2030 offers opportunities to various sectors’

LAHORE: Saudi Arabia’s Vision 2030 offers immense opportunities for Pakistani construction, infrastructure...

Published 17 Aug, 2023 03:49am

11 prisoners released against surety bonds

FAISALABAD: Additional District and Session Judge (AD&SJ) Raja Shahid Zameer on Wednesday released 11 prisoners...

Published 17 Aug, 2023 03:49am

Wahab Riaz announces retirement from international cricket

LAHORE: Pacer Wahab Riaz, who is advisor on Sports in the caretaker Punjab set up, announced his retirement from...

Published 17 Aug, 2023 03:49am

Visa facilities for Pakistanis being improved: CG Turkiye

LAHORE: Consul General of Turkiye, Emir Ozbay, paid a farewell call on Governor Punjab, Muhammad Balighur Rehman,...

Published 17 Aug, 2023 03:49am

China warns floods may aggravate crop diseases

BEIJING: China called on Wednesday for more measures to protect its crops after warning that the recent floods in ...

Published 17 Aug, 2023 03:49am

British MPs for promoting Pak-UK art, culture ties

KARACHI: In honour of Crescent Art Gallery Karachi a luncheon was organized by the British parliamentarians....

Published 17 Aug, 2023 03:49am

Flood-hit areas of Sindh: France allocates 3m euros to support UNICEF response

ISLAMABAD: The Government of France has allocated three million euros, about $3.27 million, to support UNICEF’s...

Published 17 Aug, 2023 03:49am

Hilal-i-Imtiaz for officers behind successful settlement of Reko-Diq dispute

ISLAMABAD: The federal government has nominated the officers for the award of Hilal-i-Imtiaz, who contributed to the...

Published 17 Aug, 2023 03:49am

MJAC thanks Alvi for approving Pemra Amendment Bill 2023

KARACHI: Media Joint Action Committee representing, PFUJ, CPNE, AEMEND, APNS and PBA on Wednesday issued a statement...

Published 17 Aug, 2023 03:49am

The Weather

KARACHI: The weather report on Wednesday (August 16, 2023) and the forecast for Thursday (August 17, 2023)...

Published 17 Aug, 2023 03:49am

Crowd vandalises churches, torches homes in Jaranwala

LAHORE: A crowd attacked a Christian community in Jaranwala on Wednesday, vandalising several churches and setting...

Published 17 Aug, 2023 03:49am

US extends hand of cooperation to caretaker govt

WASHINGTON: In a notable response to the recent appointment of Anwaar-ul-Haq Kakar as Pakistan’s interim prime...

Published 17 Aug, 2023 03:49am

Contempt case: SC summons Sindh CM, Karachi mayor

ISLAMABAD: The Supreme Court of Pakistan’s Karachi registry on Wednesday ordered Sindh chief minister Syed Murad...

Published 17 Aug, 2023 03:49am

‘US had no role in making or overthrowing govts’

LAHORE: Dr Mubasher Chaudhry, a well-known American businessman of Pakistani origin and the leader of the Democratic...

Published 17 Aug, 2023 03:49am

Cypher copy ‘loss’: FIA registers case against Imran

ISLAMABAD: The Federal Investigation Agency (FIA) has registered a case against Pakistan Tehreek-e-Insaf (PTI)...

Published 17 Aug, 2023 03:49am

The power sector woes

Presently, the power sector has become an existential threat for Pakistan. The situation has been further...

Published 17 Aug, 2023 03:49am

Return to the gold standard?

Mr Market remembers mid-August as the time when, on 15 August 1971, US President Richard Nixon interrupted the hit ...

Published 17 Aug, 2023 03:49am

Carrefour launches transformative Retail Graduate Programme

ISLAMABAD: Majid Al Futtaim Retail, owner and operator of Carrefour in Pakistan, announced the launch of its...

Updated 17 Aug, 2023 02:19pm

Children of rural areas more affected by famine, flood, drought: VC SAU

HYDERABAD: The Vice Chancellor of Sindh Agriculture University Dr. Fateh Marri has said that the children of rural...

Published 17 Aug, 2023 03:49am

Foreign secy Asad Majeed retiring today

ISLAMABAD: Secretary of Foreign Affairs Dr Asad Majeed Khan, who got fame from a diplomatic cipher in March 2022...

Published 17 Aug, 2023 03:49am

Funeral prayers for FTO Asif Jah’s father offered at Sargodha

ISLAMABAD: The Namaz-e-Janaza of the father of Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah was offered at...

Published 17 Aug, 2023 03:49am

Minister vows to rehabilitate drug addicts

LAHORE: The caretaker provincial Minister of Health, Social Welfare and Bait ul-Mal Dr Javed Akram paid a detailed...

Published 17 Aug, 2023 03:49am

PARTLY FACETIOUS: The retired are being left to their own devices

“There is one man who I simply cannot understand.” “Hey spend a night in jail where there is no air...

Published 17 Aug, 2023 03:49am

Stocks

China stocks extend losses on fear of economic downturn

HONG KONG: China and Hong Kong stocks fell on Wednesday for a fourth consecutive session as weak economic data and a...

Published 17 Aug, 2023 03:49am

Stocks

European shares fall on mounting China worries

PARIS: European shares fell on Wednesday on a drag from banks, as increasing evidence of China’s economy rapidly...

Published 17 Aug, 2023 03:49am

Stocks

S&P 500, Dow rise as Target results lift retailers

NEW YORK: The S&P 500 and Dow rose on Wednesday as Target’s upbeat quarterly profit lifted the retail sector,...

Published 17 Aug, 2023 03:49am

Letters

The lack of continuity means things go wrong

It is heartening to note that in his maiden meeting as the eighth caretaker prime minister of Pakistan Anwaarul Haq...

Published 17 Aug, 2023 03:49am

Effective electricity regulation

To effectively regulate the energy sector, processes for licensing, determining tariffs, monitoring, and enforcing...

Published 17 Aug, 2023 03:49am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 17 Aug, 2023 03:49am

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 17 Aug, 2023 03:49am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (August 16, 2023). ========================...

Published 17 Aug, 2023 03:49am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (August 16, 2023). ========================...

Published 17 Aug, 2023 03:49am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (August 16, 2023). ========================== KIBOR...

Published 17 Aug, 2023 03:49am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (August 16, 2023)....

Published 17 Aug, 2023 03:49am

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 17 Aug, 2023 03:49am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (August 16, 2023). ==================================== BR...

Published 17 Aug, 2023 03:49am

Rates

BOARD MEETINGS

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

Published 17 Aug, 2023 03:49am

Rates

Board meetings in progress

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

Published 17 Aug, 2023 03:49am

Rates

Dividend/Bonus Announcements

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

Published 17 Aug, 2023 03:49am

Rates

Proposed right issues

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

Published 17 Aug, 2023 03:49am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Wednesday (August 16, 2023). ======================== OFFER PRICE...

Published 17 Aug, 2023 03:49am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Wednesday (August 16, 2023). ======================== OFFER PRICE...

Published 17 Aug, 2023 03:49am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Wednesday (August 16, 2023). ======================== OFFER PRICE...

Published 17 Aug, 2023 03:49am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Wednesday (August 16, 2023). ======================== OFFER PRICE...

Published 17 Aug, 2023 03:49am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Wednesday (August 16, 2023). ======================== OFFER PRICE ...

Published 17 Aug, 2023 03:49am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Wednesday (August 16, 2023). ======================== OFFER PRICE...

Published 17 Aug, 2023 03:49am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Wednesday (August 16, 2023). ======================== OFFER PRICE...

Published 17 Aug, 2023 03:49am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Wednesday (August 16, 2023). ======================== OFFER PRICE...

Published 17 Aug, 2023 03:49am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Wednesday (August 16, 2023). ======================== OFFER PRICE...

Published 17 Aug, 2023 03:49am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Wednesday (August 16, 2023). ======================== OFFER PRICE...

Published 17 Aug, 2023 03:49am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Wednesday (August 16, 2023). ======================== Offer Price...

Published 17 Aug, 2023 03:49am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Wednesday (August 16, 2023). ======================== Offer Price...

Published 17 Aug, 2023 03:49am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Wednesday (August 16, 2023). ======================== Offer ...

Published 17 Aug, 2023 03:49am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Wednesday (August 16, 2023). ======================== Offer Price...

Published 17 Aug, 2023 03:49am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Wednesday (August 16, 2023). ======================== Offer Price...

Published 17 Aug, 2023 03:49am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Wednesday (August 16, 2023). ======================== Offer Price 1,372.5395 ...

Published 17 Aug, 2023 03:49am

Rates

PSX turns bearish

KARACHI: Pakistan Stock Exchange on Wednesday witnessed a bearish trend and closed in red zone with heavy losses as...

Published 17 Aug, 2023 03:49am

Energy

Grounding, earthing of network: Nepra public hearing against negligent Discos today

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) will be holding a hearing today (Thursday) on ...

Published 17 Aug, 2023 03:49am

Energy

Lesco shifted from 66KVA system to 132KVA: Chairman

LAHORE: Chairman Board of Directors of Lahore Electric Supply Company (Lesco) Mian Hafiz Nauman said on Wednesday...

Published 17 Aug, 2023 03:49am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 19.838...

Published 17 Aug, 2023 03:49am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 113,896 tonnes of cargo comprising 50,961 tonnes of import cargo and 62,935...

Published 17 Aug, 2023 03:49am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday (August 16, 2023)...

Published 17 Aug, 2023 03:49am

Cotton & Textile

Spot rate firm amid hectic business on cotton market

LAHORE: The local cotton market on Wednesday remained firm and the trading volume remained excellent. Cotton ...

Published 17 Aug, 2023 03:49am

Commodities

Japanese rubber futures gain

SINGAPORE: Japanese rubber futures ended marginally higher on Wednesday, after touching a near three-year low...

Published 17 Aug, 2023 03:49am

Commodities

Copper hovers above seven-week low, zinc slumps

LONDON: Copper prices held above seven-week lows on Wednesday as arbitrage buying offered support while zinc dropped...

Published 17 Aug, 2023 03:49am

Energy

Oil steadies as China fears counter tight US supply

NEW YORK: Oil prices were little changed on Wednesday despite a large drawdown in US crude oil stocks as investors...

Published 17 Aug, 2023 03:49am

Commodities

Palm oil logs second daily rise on slow growth

KUALA LUMPUR: Malaysian palm oil futures closed higher for a second straight session on Wednesday, supported by a...

Published 17 Aug, 2023 03:49am

Commodities

Gold prices move up further

KARACHI: Gold on Wednesday continued to gain value but silver was unmoved on the local market, traders said. Gold...

Published 17 Aug, 2023 03:49am

Rates

LME official prices

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

Published 17 Aug, 2023 03:49am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (August 16, 2023). ======================================= Offset...

Published 17 Aug, 2023 03:49am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 16, 2023)....

Published 17 Aug, 2023 03:49am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (August 16, 2023). ======================== Open Bid...

Published 17 Aug, 2023 03:49am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (August 16, 2023)....

Published 17 Aug, 2023 03:49am

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 17 Aug, 2023 03:49am

Forex

Open market rates of foreign currencies

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

Published 17 Aug, 2023 03:49am

Jalil Abbas Jilani to become foreign minister?

ISLAMABAD: Former foreign secretary Jalil Abbas Jilani has been picked to be the foreign minister in the interim...

Updated 17 Aug, 2023 09:29am

Urea requirement for Rabi season: ECC allows 2 SNGPL-based plants to run till Mar 31

ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL)-based plants, ie, Fatima Fertilizer (Sheikhupura) and...

Updated 17 Aug, 2023 09:27am

PM sounds very optimistic about SIFC

Ambassador of Saudi Arabia to Pakistan Nawaf bin Said Al-Malki calls on caretaker PM

Updated 17 Aug, 2023 09:45am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	278.20
USD PKR Interbank Buying / May 9	278
USD to Japanese Yen / May 9	155.57
USD to Swiss Franc / May 9	0.91
Pound Sterling to USD / May 9	1.25
Euro to USD / May 9	1.07

Stock	Volume
S&P 500 / May 8	5187.67
Nasdaq / May 8	16302.76
FTSE 100 / May 8	8354.05
Dow Jones / May 8	39056.39
Germany DAX 30 / May 8	18498.38
France CAC40 / May 8	8131.41
India Sensex / May 9	72965.17
Tokyo Nikkei / May 9	38260.75

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	19935
Gold 10 Grams PKR / May 8	205075
Petrol/Litre / May 9	288.49
Crude Oil USD/Barrel / May 9	79.44
Gold Spot USD/Ounce / May 9	2318.17
Diesel/Litre / May 9	281.96

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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