News Archives for Print - 2021-05-25

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Print - 2021-05-25

HOUSE FINANCING ON EASY TERMS: Economy Housing: BOP Cardinal Vise

TEXT: Buying or owning a home is an emotional decision, and is a dream come true particularly for middle and lower...

Published 25 May, 2021 04:40am

Oiling the housing finance machine

TEXT: For years, Pakistan has had a persistent and mounting backlog of housing stock as supply could not keep pace...

Published 25 May, 2021 04:40am

Housing Finance: The road to 5 million houses

TEXT: If there is one sector that could be termed as the Prime Minister’s priority area in his idea of a ...

Published 25 May, 2021 04:40am

US home prices to keep racing ahead

BENGALURU: US house prices will continue to race ahead this year, at nearly twice the pace predicted just three...

Published 25 May, 2021 04:40am

Jazz collaborates with USF for 4G services

KARACHI: Jazz, Pakistan’s number one 4G operator and the largest internet and broadband service provider, has...

Published 25 May, 2021 04:40am

AJK and G-B: SOP issued for registered manufacturing units to enrol with FBR system

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a Standard Operating Procedure (SOP) for registered...

Published 25 May, 2021 04:40am

UN chief declares ‘war’ on Covid as India toll tops 300,000

GENEVA: The UN chief on Monday declared the world “at war” against Covid-19, as India’s death toll crossed...

Published 25 May, 2021 04:40am

British woman dies in Cyprus after AstraZeneca jab

NICOSIA: A 39-year-old British woman died in a Cypriot hospital after a blood clotting incident after receiving the...

Published 25 May, 2021 04:40am

Scientists restore partial sight in blind man

PARIS: Scientists have for the first time managed to partially restore the sight of a blind patient by altering his...

Published 25 May, 2021 04:40am

Iran, UN nuclear monitor extend inspection deal until June

VIENNA: The UN nuclear watchdog and Iran on Monday said an agreement to monitor Tehran’s activities would be...

Published 25 May, 2021 04:40am

US journalist detained in Myanmar

YANGON: An American editor of a Myanmar-based news outlet was detained by authorities in Yangon Monday as he...

Published 25 May, 2021 04:40am

Jack Ma to step down as president of his business school

BEIJING: Chinese billionaire Jack Ma, founder of ecommerce giant Aibaba, is going to step down as president of the...

Published 25 May, 2021 04:40am

Swiss to host global virus hub laboratory

GENEVA: Switzerland signed a deal with the World Health Organization on Monday to host a global repository for...

Published 25 May, 2021 04:40am

Second Sherpa guide dies on Everest

KATHMANDU: A second Sherpa guide has died on Mount Everest in a week, an expedition organiser said Monday. The...

Published 25 May, 2021 04:40am

Egypt slashes compensation claim to $550m over Suez canal blockage

CAIRO: Egypt has slashed millions of dollars off its compensation claim against the Japanese owner of a megaship ...

Published 25 May, 2021 04:40am

Pressure mounts on Belarus over forced landing to arrest dissident

• UK bans Belarus airline, points finger at Russia MINSK: European countries began banning flights over Belarus...

Published 25 May, 2021 04:40am

Chelsea and Liverpool finish in top 4, but Leicester barely missed out

LONDON: Before the last matchday of the Premier League, Chelsea F.C., Liverpool F.C. and Leicester City F.C. were in...

Published 25 May, 2021 04:40am

Kidney Hill case: AC defers indictment of Mandviwalla, others till June 10

ISLAMABAD: The Accountability Court Islamabad on Monday deferred indictment of former Senate deputy chairman Saleem...

Published 25 May, 2021 04:40am

Punjab to administer vaccine to students of universities

LAHORE: The Punjab government has decided to administer corona vaccine to students of all medical universities and...

Published 25 May, 2021 04:40am

Abu Dhabi set to host HBL PSL T20 matches in June

LAHORE: The HBL Pakistan Super League is set to return Abu Dhabi’s Sheikh Zayed Stadium, which will host 20 ...

Published 25 May, 2021 04:40am

CM announces Rs5.12bn special package for Narowal

LAHORE: Chief Minister Sardar Usman Buzdar during his visit to Narowal announced a special development package of...

Published 25 May, 2021 04:40am

Overall corona positivity rate drops in Punjab

LAHORE: The overall positivity rate of coronavirus in the province has further declined to 03.52 percent, as out of...

Published 25 May, 2021 04:40am

4pc growth targeted for ongoing fiscal year ‘PTI govt’s economic vision goes on in right direction’

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Vice President, Fehmida Kausar Jamali on Monday said consistent economic...

Published 25 May, 2021 04:40am

US role vital to resolve Kashmir, Palestine issues: Sarwar

LAHORE: Punjab Governor Chaudhry Mohammad Sarwar called on Eddie Burnice Johnson, a female member of the United...

Published 25 May, 2021 04:40am

Minister vows to turn Railways into profitable entity

ISLAMABAD: Federal Minister for Railways Azam Khan Swati has vowed to turn Pakistan Railways (PR) into a profitable...

Published 25 May, 2021 04:40am

Presidential slot of FPCCI: UBG urges DGTO to announce verdict, declare Khalid Tawab as winner

KARACHI: United Business Group (UBG) on Monday urged the Director General Trade Organisations (DGTO) to announce the...

Published 25 May, 2021 04:40am

KMC budget will focus on development, facilities: administrator

KARACHI: Administrator Laeeq Ahmed on Monday said KMC budget for the next financial year will be based on facts and...

Published 25 May, 2021 04:40am

Monsoon: SHC seeks report on preventive measures

KARACHI: The Sindh High Court (SHC) on Monday directed the Cantonment Board Clifton (CBC) and the Defence Housing...

Published 25 May, 2021 04:40am

Senior Manager of Apex Printry Karim dies of Covid-19

KARACHI: Senior Manger Billing Apex Printry, Karim Khan, who was a Covid-19 patient, died on Monday at the age of ...

Published 25 May, 2021 04:40am

Explosion in Quetta injures five

QUETTA: Five persons Monday sustained injuries in improvised explosive device (IED) blast near Bashir Chowk on...

Published 25 May, 2021 04:40am

Sindh passes resolution against ‘unfair’ water distribution

KARACHI: The Sindh Assembly on Monday passed a condemnation resolution against ‘unfair’ water distribution, ...

Published 25 May, 2021 04:40am

‘Technology impacts employment, alternative job opportunities’

KARACHI: Institute of Chartered Accountants of Pakistan (ICAP) president Iftikhar Taj said the digital economy is...

Published 25 May, 2021 04:40am

‘Tobacco taxation, related health issues need monitoring systems’

ISLAMABAD: Federal Parliamentary Secretary for Health Dr Nausheen Hamid, Monday, said that tobacco taxation and...

Published 25 May, 2021 04:40am

FY20 growth rate understated by 1.5pc, says Pasha

ISLAMABAD: The government has understated the growth rate by 1.5 percent for fiscal year 2019-20, which enabled them...

Published 25 May, 2021 04:40am

International suppliers: PLL invites bids for supply of LNG cargoes

ISLAMABAD: The Pakistan LNG Limited (PLL) has invited bids from international suppliers for the supply of nine LNG...

Published 25 May, 2021 04:40am

Palestine and Kashmir: Unified stance testifies close ties with Malaysia

ISLAMABAD: Leader of the House in Senate Dr Shahzad Waseem Monday said that unified stance on Palestine and Kashmir...

Published 25 May, 2021 04:40am

Rates.SBP

State Bank of Pakistan conversion rates

KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,...

Published 25 May, 2021 04:40am

Rates.LIBOR

LIBOR calculating interest on US dollar

KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Monday (May 24, 2021)....

Published 25 May, 2021 04:40am

Rates.SBP

Bill buying rates per unit of currency

KARACHI: Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank ...

Published 25 May, 2021 04:40am

Rates.LIBOR

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Monday (May 24, 2021)....

Published 25 May, 2021 04:40am

Rates.KIBOR

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (May 24, 2021). ========================== KIBOR...

Published 25 May, 2021 04:40am

Rates.JLI

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Monday (May 24, 2021). ======================== Offer...

Published 25 May, 2021 04:40am

Rates.JLI

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Monday (May 24, 2021). ======================== Offer...

Published 25 May, 2021 04:40am

Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Monday (May 24, 2021). ======================== Offer Price 1,220.4080 Bid ...

Published 25 May, 2021 04:40am

Rates.JLI

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Monday (May 24, 2021). ======================== Offer Price 1,475.7735...

Published 25 May, 2021 04:40am

Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Monday (May 24, 2021). ======================== Offer Price 714.0156...

Published 25 May, 2021 04:40am

Rates.JLI

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Monday (May 24, 2021). ======================== Offer Price...

Published 25 May, 2021 04:40am

Rates.EFU

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Monday (May 24, 2021). ======================== Offer Price 379.8431...

Published 25 May, 2021 04:40am

Rates.EFU

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Monday (May 24, 2021). ======================== Offer Price 1,340.0555...

Published 25 May, 2021 04:40am

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 25 May, 2021 04:40am

Rates.PSX

Clearing Schedule for T+2 System

KARACHI: Pakistan Stock Exchange's Clearing Schedule for T+2 System....

Published 25 May, 2021 04:40am

Rates.PSX

Proposed right issues

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

Published 25 May, 2021 04:40am

Stocks

Last date of renunciation/payment

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

Published 25 May, 2021 04:40am

Rates.PSX

Dividend/Bonus Announcements

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

Published 25 May, 2021 04:40am

Rates.PSX

BOARD MEETINGS

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

Published 25 May, 2021 04:40am

Stocks

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

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

Published 25 May, 2021 04:40am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Monday (May 24, 2021)....

Published 25 May, 2021 04:40am

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 25 May, 2021 04:40am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Monday (May 24, 2021)....

Published 25 May, 2021 04:40am

Rates.The Rupee

THE RUPEE: Drops vs USD

KARACHI: On Monday, PKR went down against USD in both interbank and open markets going below 154 despite USD being...

Published 25 May, 2021 04:40am

Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 24, 2021)....

Published 25 May, 2021 04:40am

Rates.LME

LME official prices

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

Published 25 May, 2021 04:40am

The Weather

KARACHI: The weather report on Monday (May 24, 2021) and the forecast for Tuesday (May 25, 2021)....

Published 25 May, 2021 04:40am

Chinese envoy meets Azhar

ISLAMABAD: Ambassador of China Nong Rong called on Federal Minister for Energy Hammad Azhar on Monday. Matters...

Published 25 May, 2021 04:40am

CDWP gives go-ahead to six uplift projects

ISLAMABAD: The Central Development Working Party (CDWP) has given go-ahead to six development projects at the cost ...

Published 25 May, 2021 04:40am

Stocks

FTSE 100 moves higher; Cineworld rises

LONDON: London’s FTSE 100 edged higher on Monday after posting its second straight weekly drop, while Cineworld...

Published 25 May, 2021 04:40am

Stocks

Indian shares up

BENGALURU: Indian shares settled marginally higher on Monday, helped by gains in heavyweight financial stocks...

Published 25 May, 2021 04:40am

Stocks

Monday’s early trade: Wall Street climbs

NEW YORK: Wall Street’s main indexes advanced on Monday, with the Nasdaq rising 1.5%, as investors flocked to...

Published 25 May, 2021 04:40am

Stocks

China stocks surge

SHANGHAI: China stocks ended higher on Monday, helped by gains in financial firms, but caution prevailed as ...

Published 25 May, 2021 04:40am

Stocks

European stocks hover near record highs

AMSTERDAM/LONDON: European stocks held close to record highs on Monday with technology stocks leading the charge, as...

Published 25 May, 2021 04:40am

Stocks

Japanese shares higher

TOKYO: Japanese shares ended higher on Monday, led by stocks sensitive to global economic growth, as investors...

Published 25 May, 2021 04:40am

Stocks

Qatar index falls on broad-based losses; Abu Dhabi gains

DUBAI: Broad-based losses pulled Qatari shares lower on Monday, with all stocks on the index except one in negative...

Published 25 May, 2021 04:40am

Rates.Ports

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust (KPT) handled 383,082 tonnes of cargo comprising 274,921 tonnes of import cargo and...

Published 25 May, 2021 04:40am

Special inspection of Cantt Station conducted

KARACHI: Divisional Superintendent of Pakistan Railways, Karachi, Muhammad Hanif Gul, conducted inspection of...

Published 25 May, 2021 04:40am

Clarification

ISLAMABAD: “Apropos media reports about the Plant & Machinery valuation conducted by M/s Joseph Lobo, third...

Published 25 May, 2021 04:40am

Budgetary targets for 2021-22

The Federal budget for 2021-22 is currently under preparations. The date for presentation to the National assembly...

Published 25 May, 2021 04:40am

Financing social protection without incurring debt

Expenditure on social protection will lead to accumulation of debt if not financed through revenues, grants or...

Published 25 May, 2021 04:40am

Job-inflation tradeoff, exiled from Fed policy, could mean a hot summer

Tension between sticky job markets and rising prices could pose a growing problem for U.S. Federal Reserve officials...

Published 25 May, 2021 04:40am

Letters

Mega 24-hour vaccination centre at Karachi’s Expo Centre

The Sindh Health Department deserves a lot of praise for setting up and making functional a round-the-clock...

Published 25 May, 2021 04:40am

Assets beyond means: SC moved against Khusro, Hashim

ISLAMABAD: The Supreme Court has been asked to hear a case against the Federal Minister for Industries and ...

Published 25 May, 2021 04:40am

PHATA, AIM sign MoU

LAHORE: To provide interest-free loans to the low-income allottees of Naya Pakistan Housing Project (NPHP) for the...

Published 25 May, 2021 04:40am

Activation of value-added services: CMOs asked to send mandatory confirmation messages to consumers

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has directed the Cellular Mobile Operators (CMOs) to send...

Published 25 May, 2021 04:40am

Stocks

Secondary and higher secondary: IPEMC decides to hold board exams after June 20

ISLAMABAD: The Inter-Provincial Education Ministers Conference (IPEMC) on Monday decided to hold board examinations...

Published 25 May, 2021 04:40am

‘ECP, Punjab govt determined to ensure timely conduct of LG elections’

ISLAMABAD: Secretary Election Commission of Pakistan (ECP) Dr Akhtar Nazir Monday said that ECP and Punjab ...

Published 25 May, 2021 04:40am

Petition challenging Saad Rizvi’s detention dismissed

LAHORE: The Lahore High Court on Monday dismissed a petition challenging the detention of proscribed...

Published 25 May, 2021 04:40am

PSP understands country’s problems, says Kamal

KARACHI: Pak Sarzameen Party (PSP) chairman Syed Mustafa Kamal on Monday said PSP is a grassroots level political...

Published 25 May, 2021 04:40am

PARTLY FACETIOUS: The FY21 growth rate

“Hammad Azhar was the first to boast of a 4 percent growth rate…” “So? He is a member of the cabinet.”...

Published 25 May, 2021 04:40am

Proposals for Budget FY2021-22: Body comprises representatives of PBC, OICCI, FBR

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has constituted a Consultative Committee ...

Published 25 May, 2021 04:40am

Senate slams Israel’s terrorism

ISLAMABAD: Senate Monday slammed Israel’s terrorism against unarmed Palestinians and condemned “systematic and...

Published 25 May, 2021 04:40am

Nisar not administered oath ‘due to absence of speaker’

LAHORE: Estranged PML-N leader and former interior minister Chaudhry Nisar Ali Khan said on Monday that he could not...

Published 25 May, 2021 04:40am

Israeli invasion of Gaza: Global and Regional Studies Centre, IoBM organise webinar

KARACHI: The Global and Regional Studies Centre organized a seminar on “The Israeli invasion of Gaza, the ...

Published 25 May, 2021 04:40am

Uplift of local populace: Wapda spending Rs100bn in project areas

LAHORE: The Water and Power Development Authority (Wapda) has been spending a hefty amount of over Rs 100 billion in...

Published 25 May, 2021 04:40am

PMSA rescues stranded fishing boat

KARACHI: Pakistan Maritime Security Agency (PMSA) Monday rescued a fishing boat stranded in open sea. According to ...

Published 25 May, 2021 04:40am

17 years of Rescue 1122 commemorated

LAHORE: The members of pioneer batch of Rescue 1122 gathered here at Emergency Services Headquarters on Monday to...

Published 25 May, 2021 04:40am

Country reports 3,060 Covid-19 cases, 57 deaths

ISLAMABAD: The country, Monday, reported 3,060 Covid-19 cases and 57 coronavirus deaths, taking the national ...

Published 25 May, 2021 04:40am

Naya Pakistan Housing Scheme: Journalists to be included: minister

ISLAMABAD: Minister of State for Information and Broadcasting Farrukh Habib on Monday said the PTI government under...

Published 25 May, 2021 04:40am

Rates.Banks

Barclays bid rates and maximum rates for payment of interest

KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than...

Published 25 May, 2021 04:40am

Forex

Exchange rates: buying and selling

KARACHI: Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (May 24,...

Published 25 May, 2021 04:40am

Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...

Published 25 May, 2021 04:40am

Forex

Banks rates for currency notes (buying and selling)

KARACHI: The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on ...

Published 25 May, 2021 04:40am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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