News Archives for Print - 2021-06-17

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Print - 2021-06-17

Pakistan, Afghanistan urged to maintain neighbourly ties

ISLAMABAD: Afghan political leader, human rights activist and businesswoman Hasina Syed, on Wednesday, urged both...

Published 17 Jun, 2021 03:27am

Digital-only insurers, micro-insurers: SECP issues draft regulatory framework

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), as part of its agenda to promote ...

Published 17 Jun, 2021 03:27am

Punjab govt allocates Rs28bn for uplift projects

LAHORE: The PTI-led Punjab government has earmarked around Rs 28 billion for different development projects ...

Published 17 Jun, 2021 03:27am

PDWP approves 7 schemes

LAHORE: The Punjab Provincial Development Working Party (PDWP) approved seven development schemes of roads and...

Published 17 Jun, 2021 03:27am

HSHM joins hands with FES Higher Education Consultants

ISLAMABAD: Hashoo School of Hospitality Management (HSHM) has collaborated with FES Higher Education Consultants to...

Published 17 Jun, 2021 03:27am

Economic growth volatile over past half a century: ADB report

ISLAMABAD: The government of Pakistan is taking on a wide range of structural reforms - covering consolidating ...

Published 17 Jun, 2021 03:27am

Software Technology Park in Bannu: PSEB, KPITB, UST sign MoU

ISLAMABAD: The Pakistan Software Export Board (PSEB), Khyber Pakhtunkhwa Information Technology Board, and the...

Published 17 Jun, 2021 03:27am

SC orders KDA DG to furnish details of amenity plots in Karachi

KARACHI: Supreme Court (SC) on Wednesday sought the details of all amenity plots in Karachi and ordered Director...

Published 17 Jun, 2021 03:27am

Dust storm with light rain likely today

KARACHI: The Met Office has forecast a hot and humid weather in Karachi on Thursday (today) with chances of dust...

Published 17 Jun, 2021 03:27am

Workshop on e-commerce: Businesses assured of govt’s support, facilitation

KARACHI: An online workshop on e-commerce was organized by the Embassy of Pakistan in Stockholm in collaboration ...

Published 17 Jun, 2021 03:27am

Land record: SC comes down hard on BoR Sindh

KARACHI: The Supreme Court on Wednesday came down hard on the Board of Revenue (BoR) of Sindh for its slow pace...

Published 17 Jun, 2021 03:27am

Children participate in awareness walk

KARACHI: A large number of orphans and their family members participated in a walk from Arts Council to the Karachi...

Published 17 Jun, 2021 03:27am

World Famine & Drought Day: Experts concerned over barrenness of agri land

HYDERABAD: Environ-mentalists have expressed concern over the barrenness of agricultural land due to increasing ...

Published 17 Jun, 2021 03:27am

PM’s Kamyab Jawan signs MoU with PepsiCo Pakistan

ISLAMABAD: Prime Minister’s Kamyab Jawan and PepsiCo Pakistan, Wednesday, signed a memorandum of understanding...

Published 17 Jun, 2021 03:27am

Budget session: Haleem asks Sindh CM to step down ‘for telling lies’

KARACHI: Opposition Leader in Sindh Assembly Haleem Adil Sheikh along with other party MPAs on Wednesday lashed out...

Published 17 Jun, 2021 03:27am

Coronavirus in Sindh: Minister says people to be fired from jobs for not getting vaccinated

KARACHI: People not getting vaccinated for the novel coronavirus in Sindh will be fired from their jobs, Sindh...

Published 17 Jun, 2021 03:27am

Qureshi to visit Turkey

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi will undertake an official visit to Turkey to participate in the...

Published 17 Jun, 2021 03:27am

‘Smart Village’ project launched thru USF

ISLAMABAD: The Ministry of Information Technology and Telecommunications through the Universal Service Fund (USF)...

Published 17 Jun, 2021 03:27am

Exams of classes IX, XI in July, August in Sindh

KARACHI: Sindh Government announced that the examinations of class ninth and 11th would be held in July and August...

Published 17 Jun, 2021 03:27am

European states: Envoys directed to focus on broadening trade partnerships

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi, on Wednesday, instructed Pakistan’s envoys posted in European...

Published 17 Jun, 2021 03:27am

Covid-19 vaccine shortage disrupts vaccination process

LAHORE: The shortage of Covid-19 vaccine has forced the health authorities to close a few vaccination centres apart...

Published 17 Jun, 2021 03:27am

Degree of MPA found to be ‘bogus’, LHC told

LAHORE: The degree of Pakistan Tehrik-e-Insaf (PTI) Member Punjab Assembly (MPA) Bilal Asghar Warraich was found...

Published 17 Jun, 2021 03:27am

Ongoing projects: LDA DG directs officers to expedite work

LAHORE: Lahore Development Authority (LDA) Director General Ahmed Aziz Tarar has ordered his officers to complete ...

Published 17 Jun, 2021 03:27am

IG removes 3 jail officials for forging superintendent’s signature

LAHORE: Punjab Inspector General of Prisons Mirza Shahid Saleem Baig has removed from service three officials of the...

Published 17 Jun, 2021 03:27am

Opposition resorted to politics of violence: governor

FAISALABAD: Governor Punjab Ch Muhammad Sarwar has said that opposition resorted to politics of violence after PTI...

Published 17 Jun, 2021 03:27am

Singapore records slowest decade of population growth since independence

SINGAPORE: Singapore’s population rose by about 1.1% each year over the past decade, the slowest rate since...

Published 17 Jun, 2021 03:27am

Botswana says found world’s ‘third largest’ diamond

GABORONE, (Botswana): Botswanan diamond firm Debswana said Wednesday it had unearthed a 1,098-carat stone that it...

Published 17 Jun, 2021 03:27am

India accuses Twitter of ignoring new rules as row festers

NEW DELHI: India’s battle with Twitter escalated on Wednesday with the government accusing the US firm of...

Published 17 Jun, 2021 03:27am

Israel ‘start-up nation’ era may be ending

OCCUPIED JERUSALEM: The number of new start-ups in Israel is in decline, a publicly funded agency said Wednesday,...

Published 17 Jun, 2021 03:27am

EU moves to pre-Covid normal as cases spike in Moscow

• France to end mandatory outdoor masks and Covid curfew BRUSSELS: The EU on Wednesday agreed to lift ...

Published 17 Jun, 2021 03:27am

5.8 magnitude quake hits Indonesia

JAKARTA: A 5.8 magnitude earthquake struck off the coast of Indonesia’s remote Maluku islands on Wednesday, the...

Published 17 Jun, 2021 03:27am

Israel says hit by more ‘arson balloons’ after striking Gaza

GAZA CITY, (Palestinian Territories): Palestinian militants again launched incendiary balloons from Gaza Wednesday,...

Published 17 Jun, 2021 03:27am

Biden says tone of Putin talks was ‘good, positive’

GENEVA: US President Joe Biden said Wednesday that discussions during his first summit with Vladimir Putin were...

Published 17 Jun, 2021 03:27am

Putin says Biden meet ‘constructive’, talks agreed on cybersecurity, arms

GENEVA: Russian President Vladimir Putin said Wednesday that his first face-to-face meeting with US counterpart Joe...

Published 17 Jun, 2021 03:27am

Uber appoints new country head, GM for MENAP

KARACHI: Uber has announced the appointment of Shahid Khan as the new Country Head for Uber in Pakistan. He has...

Published 17 Jun, 2021 03:27am

Effective policing system essential for country’s prosperity: PM

ISLAMABAD: Prime Minister Imran Khan Wednesday said an effective policing system was inevitable for the country’s...

Published 17 Jun, 2021 03:27am

Budget session: Bilawal condemns govt’s ‘unparliamentary’ conduct

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari condemned the un-parliamentary conduct of ...

Published 17 Jun, 2021 03:27am

Sindh govt allocates Rs135m for media fraternity

KARACHI: The Sindh government has allocated Rs 135 million for press clubs, media unions, deserving journalists, and...

Published 17 Jun, 2021 03:27am

Former IHC judge urges SC to set aside objections

ISLAMABAD: Former judge of the Islamabad High Court (IHC) Shaukat Siddiqui requested the apex court to set aside...

Published 17 Jun, 2021 03:27am

AC adjourns hearing of Toshakhana case till 30th

ISLAMABAD: The Accountability Court, on Wednesday, adjourned hearing of objection petitions of Pakistan Muslim...

Published 17 Jun, 2021 03:27am

Call to suspend PML-N MNAs for a year

ISLAMABAD: PTI leader Zartaj Gul, on Wednesday, said the National Assembly membership of those PML-N leaders should...

Published 17 Jun, 2021 03:27am

Civil servants: IHC turns down petitions about forced retirement

ISLAMABAD: The Islamabad High Court (IHC) turned down the petitions challenging the Civil Servants (Directory...

Published 17 Jun, 2021 03:27am

National Assembly budget session: PML-N terms ruckus ‘attack’ on and ‘conspiracy’ against democracy

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N), on Wednesday, described the Tuesday’s ruckus in the National...

Published 17 Jun, 2021 03:27am

Uplift projects worth Rs990bn at different stages in Karachi: Murad

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that Rs990 billion development projects were at different...

Published 17 Jun, 2021 03:27am

PARTLY FACETIOUS: The longest running series

“Reminded me of the sit-com Orange is the New Black.” “Orange is the New Black is not a situation comedy –...

Published 17 Jun, 2021 03:27am

Letters

Proposed changes in tax law

According to a Business Recorder news item “Arrest for concealment of income: Senate panel turns down proposed...

Published 17 Jun, 2021 03:27am

‘With masters defeated, the slaves can’t fight’: Taliban eye victory after US exit

With Afghan troops in retreat and soon to lose vital American air support, Taliban commanders are voicing exuberance...

Published 17 Jun, 2021 03:27am

Britain’s subprime lenders buckle under weight of complaints

The number of Britons with poor credit ratings is rising in the wake of the Covid-19 pandemic, just as many lenders...

Published 17 Jun, 2021 03:27am

Budget: Out-of-the-box actions

In the following paragraphs I will only discuss three major proposals in the proposed Finance Bill, 2021, two of...

Published 17 Jun, 2021 03:27am

PC deputy chief acknowledges Nust’s landmark R&D initiatives

ISLAMABAD: “Many developed economies globally owe their development paradigm to their higher education ...

Published 17 Jun, 2021 03:27am

FM calls UN bodies’ heads for urgent action against repression in IIOJK

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi has called upon the President of the United Nations Security ...

Published 17 Jun, 2021 03:27am

Sugar scam probe: FIA seeks answers to five questions from Shehbaz

LAHORE: A day after serving call-up notice to PML-N President and Leader of Opposition in National Assembly Shehbaz...

Published 17 Jun, 2021 03:27am

Mega corruption cases: NAB chief reviews progress

LAHORE: National Accountability Bureau (NAB) Chairman Javed Iqbal on Wednesday reviewed the progress of the...

Published 17 Jun, 2021 03:27am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 147,717 tonnes of cargo comprising 94,891 tonnes of import cargo and 52,826...

Published 17 Jun, 2021 03:27am

Stocks

Most major Gulf bourses in red; financials aid Saudi index

DUBAI: Most major stock markets in the Gulf ended lower on Wednesday, with the Dubai index leading the losses, while...

Published 17 Jun, 2021 03:27am

Stocks

European shares climb

AMSTERDAM/LONDON: European shares closed at a record high on Wednesday, despite caution ahead of a US Federal ...

Published 17 Jun, 2021 03:27am

Stocks

China shares down

BEIJING: China shares ended lower on Wednesday, dragged down by losses in material and healthcare stocks, as...

Published 17 Jun, 2021 03:27am

Stocks

Wednesday’s early trade: Pre-Fed jitters keep S&P, Nasdaq below record highs

NEW YORK: The S&P 500 and the Nasdaq drifted just below record highs on Wednesday, with investors on edge before...

Published 17 Jun, 2021 03:27am

Stocks

Wall Street slips

• Boeing rises on US-EU airline subsidies truce NEW YORK: Wall Street’s main indices closed lower on Tuesday ...

Published 17 Jun, 2021 03:27am

Stocks

Australian shares scale new high above 7,400 level

SYDNEY/WELLINTON: Australian shares breached the 7,400 level for the first time ever on Wednesday as heavyweight...

Published 17 Jun, 2021 03:27am

Stocks

Defensive, industrial stocks boost FTSE

LONDON: London’s FTSE 100 ended higher on Wednesday, helped by gains in industrial and defensive stocks, while ...

Published 17 Jun, 2021 03:27am

Problems of traders, industrialists to be resolved: governor

KARACHI: Governor Sindh, Imran Ismail, has assured the business community of Hyderabad that the issues being faced ...

Published 17 Jun, 2021 03:27am

Pay for your Honda car instantly with HBL Mobile

KARACHI: HBL enables its customers to pay for their Honda cars directly using HBL Mobile! The Bank is at the...

Published 17 Jun, 2021 03:27am

PTCL signs MoU with GCU for providing premium ICT services

KARACHI: Pakistan Telecommunications Company Limited (PTCL), signs a Memorandum of Understanding (MoU) with...

Published 17 Jun, 2021 03:27am

IPO oversubscribed: Citi Pharma raises Rs2.32bn in book building

KARACHI: The book-building process of Citi Pharma’s Initial Public Offer (IPO) has concluded with an...

Published 17 Jun, 2021 03:27am

The Weather

KARACHI: The weather report on Wednesday (June 16, 2021) and the forecast for Thursday (June 17, 2021)....

Published 17 Jun, 2021 03:27am

Rates.LME

LME official prices

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

Published 17 Jun, 2021 03:27am

Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 16, 2021)....

Published 17 Jun, 2021 03:27am

Rates.The Rupee

THE RUPEE: Fall persists

KARACHI: On Wednesday, PKR continued to fall against USD in both interbank and open markets. It also continued to...

Published 17 Jun, 2021 03:27am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (June 16, 2021)....

Published 17 Jun, 2021 03:27am

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 Jun, 2021 03:27am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (June 16, 2021)....

Published 17 Jun, 2021 03:27am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 17 Jun, 2021 03:27am

Rates.PSX

BOARD MEETINGS

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

Published 17 Jun, 2021 03:27am

Stocks

Last date of renunciation/payment

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

Published 17 Jun, 2021 03:27am

Rates.PSX

Proposed right issues

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

Published 17 Jun, 2021 03:27am

Rates.PSX

Clearing Schedule for T+2 System

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

Published 17 Jun, 2021 03:27am

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 Jun, 2021 03:27am

Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Wednesday (June 16, 2021). ======================== Offer Price 1,598.6623...

Published 17 Jun, 2021 03:27am

Rates.EFU

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Wednesday (June 16, 2021). ======================== Offer Price...

Published 17 Jun, 2021 03:27am

Rates.EFU

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Wednesday (June 16, 2021). ======================== Offer Price...

Published 17 Jun, 2021 03:27am

Rates.JLI

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Wednesday (June 16, 2021). ======================== Offer ...

Published 17 Jun, 2021 03:27am

Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Wednesday (June 16, 2021). ======================== Offer Price...

Published 17 Jun, 2021 03:27am

Rates.JLI

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Wednesday (June 16, 2021). ======================== Offer Price...

Published 17 Jun, 2021 03:27am

Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Wednesday (June 16, 2021). ======================== Offer Price 1,245.9999 Bid...

Published 17 Jun, 2021 03:27am

Rates.JLI

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (June 16, 2021). ========================...

Published 17 Jun, 2021 03:27am

Rates.JLI

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (June 16, 2021). ========================...

Published 17 Jun, 2021 03:27am

Rates.KIBOR

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (June 16, 2021). ========================== KIBOR...

Published 17 Jun, 2021 03:27am

Rates.LIBOR

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (June 16, 2021)....

Published 17 Jun, 2021 03:27am

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 17 Jun, 2021 03:27am

Rates.LIBOR

LIBOR calculating interest on US dollar

KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (June 16, ...

Published 17 Jun, 2021 03:27am

Rates.SBP

State Bank of Pakistan conversion rates

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

Published 17 Jun, 2021 03:27am

Online fund transfer services: SBP allows banks to charge customers

For transactions above aggregate limit of Rs25,000 per account in a month, banks may charge individual customers a transaction fee of no more than 0.1% of the transaction amount or Rs200, whichever is lower

Updated 17 Jun, 2021 12:22pm

NA approves Cos (Amend) Bill, 2021

ISLAMABAD: The National Assembly has approved the Companies (Amendments) Bill, 2021 to amend certain provisions of...

Published 17 Jun, 2021 03:27am

Japan concerned at ‘abrupt’ changes in Pakistan's investment procedures

ISLAMABAD: Japan is reportedly unhappy with the government for what it says abrupt changes in procedures for...

Updated 23 Oct, 2021 04:48am

PSX sheds more weight: BRIndex100 extends losses

Rates.BR Index

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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