News Archives for Print - 2021-09-20

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Print - 2021-09-20

Food ministry blames MoC for wheat price hike

The inordinate delay in import of wheat has caused billions of rupees' financial loss to the national exchequer

Updated 20 Sep, 2021 09:56am

USD smuggling adds to pressure on weaker rupee

ISLAMABAD: Smuggling of the US dollars from Pakistan to Afghanistan continues through carriers - agents, truck...

Updated 20 Sep, 2021 12:54pm

Digital mode: Corporate taxpayers given 40-day grace period

ISLAMABAD: The Federal Board of Revenue (FBR) has granted 40 days grace period up to November 1, 2021 to the...

Updated 20 Sep, 2021 09:53am

Fed expected to stay cautious as economy sends mixed signals

WASHINGTON: With the United States on the upswing from the Covid-19 pandemic, the Federal Reserve is expected to...

Published 20 Sep, 2021 06:41am

Experts say digital mode will trigger market system collapse

Islamabad: Tax experts and business community have warned that implementation of newly-introduced provision, binding...

Updated 20 Sep, 2021 10:41am

Sindh to detain unvaccinated people

Karachi: Sindh government has decided to arrest unvaccinated people in the province after fresh directives are being...

Updated 20 Sep, 2021 11:49am

Fate of ADB-funded AMI project hangs in the balance

ISLAMABAD: The fate of $455.5 million Asian Development Project (ADB)-funded Automatic Metering Infrastructure (AMI)...

Updated 20 Sep, 2021 09:49am

PVMA announces cut in ghee, cooking oil prices

LAHORE: Pakistan Vanaspati Manufacturers Association (PVMA) on Sunday announced an immediate reduction in prices of...

Updated 20 Sep, 2021 09:46am

Tianjin, Punjab sign LoI to establish 'sister-province relationship'

BEIJING: Pakistan Ambassador to China Moin ul Haque and Mayor of Tianjin Municipality, Liao Guoxun, have signed a...

Published 20 Sep, 2021 05:48am

Naval chief attends 24th International Sea Power Symposium in US

ISLAMABAD: Chief of the Naval Staff, Admiral Muhammad Amjad Khan Niazi was on an official visit to USA to attend ...

Published 20 Sep, 2021 05:48am

Energy

Chinese firms ready to invest $15bn in petrochemicals: BOI official

ISLAMABAD: Federal Secretary, Board of Investment (BOI), Fareena Mazhar on Sunday said Chinese companies were ready...

Published 20 Sep, 2021 05:48am

Money & Banking

MMBL signs MoU with NOWPDP

ISLAMABAD: Pakistan's largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has signed a Memorandum of...

Published 20 Sep, 2021 05:48am

FTO asks FBR to carry out departmental probe into 'bribery' case

ISLAMABAD: Federal Tax Ombudsman (FTO) Mushtaq Sukhera has directed the Federal Board of Revenue (FBR) to conduct a...

Published 20 Sep, 2021 05:48am

Taxes

FBR urged to extend tax returns filing deadline

LAHORE: The Pakistan Industrial and Traders Association Front Chairman Mian Nauman Kabir has asked the Federal Board...

Published 20 Sep, 2021 05:48am

Money laundering probe against Sharif family: Two bank officers arrested

LAHORE: In a significant development in the alleged money laundering probe against the Sharif family, the Federal...

Published 20 Sep, 2021 05:48am

Exorbitant prices of vegetables: DCs directed to supervise auction processes in markets

LAHORE: Expressing displeasure over the exorbitant prices of vegetables in six districts, Chief Secretary Punjab...

Published 20 Sep, 2021 05:48am

Buzdar orders crackdown against criminals

LAHORE: Punjab Chief Minister Sardar Usman Buzdar has directed to launch indiscriminate crackdown against the...

Published 20 Sep, 2021 05:48am

Suzuki Pakistan celebrates success of 'My Suzuki My Story Season 2'

LAHORE: My Suzuki My Story Season 2 by Suzuki Pakistan comes to its conclusion at a closing ceremony in Lahore on...

Published 20 Sep, 2021 05:48am

Asad made FBR spokesperson

ISLAMABAD: Muhammad Asad Tahir (IRS/BS-20) presently posted as Chief (FATE) / Director (Media), Federal Board of...

Published 20 Sep, 2021 05:23am

Policeman guarding polio team shot dead in Kohat

PESHAWAR: Some unknown gunmen on Sunday killed a police constable guarding police vaccination team workers in Kohat...

Published 20 Sep, 2021 05:23am

Taxes

Sugar, cigarettes sectors: FBR's survey nearing completion

ISLAMABAD: The Federal Board of Revenue (FBR) and a licensee company are expected to complete a large-scale survey ...

Published 20 Sep, 2021 05:23am

FO refutes reports claiming Afridi was stopped at JFK

ISLAMABAD: Foreign Office spokesperson Asim Iftikhar on Sunday refuted reports that Chairman of the Parliamentary...

Published 20 Sep, 2021 05:23am

After a long wait, 40 BRT buses have arrived

KARACHI: Operation of the much-needed Green Line Bus Rapid Transit (BRT) Karachi project is now one step away as the...

Published 20 Sep, 2021 05:23am

Al-Azhar University: CJP inaugurates 'Iqbal Room', 'Pakistan Corner' in Jakarta

ISLAMABAD: Chief Justice of Pakistan (CJP) Justice Gulzar Ahmed has inaugurated the Allama Muhammad Iqbal Room and...

Published 20 Sep, 2021 05:23am

Nepra chief visits wind power plants at Jhimpir, Thatta

ISLAMABAD: Chairman National Electric Power Regulatory Authority (NEPRA) Tauseef H. Farooqi along with other members...

Published 20 Sep, 2021 05:23am

PML-N MPA joins PTI

LAHORE: PML-N member Punjab Assembly Azhar Abbas Chandia from Muzaffargarh has joined PTI. Punjab Chief Minister...

Published 20 Sep, 2021 05:23am

Electoral reforms a must for transparent polls: governor

LAHORE: Governor Punjab Chaudhry Mohammad Sarwar said on Sunday that electoral reforms have become necessary for...

Published 20 Sep, 2021 05:23am

District Development Package: Punjab govt allocates Rs6.63bn to projects

FAISALABAD: The Punjab Government has allocated funds of Rs.6.63 billion for the construction and development of the...

Published 20 Sep, 2021 05:23am

Shehbaz condoles Mengal's death

KARACHI: President Pakistan Muslim League-Nawaz (PML-N) Shehbaz Sharif on Sunday visited the residence of BNP-M ...

Published 20 Sep, 2021 05:23am

'Proper city planning can help reduce growing warming'

KARACHI: A proper city planning can check the growing warming in megacity Karachi, say experts. Dr Syed Raza Ali...

Published 20 Sep, 2021 05:23am

KPC arranges grand 'family picnic'

KARACHI: Karachi Press Club set a tradition of "Care for All" and organized a grand family picnic for its members at...

Published 20 Sep, 2021 05:23am

World leaders return to UN with focus on pandemic, climate

UNITED NATIONS: World leaders are returning to the United Nations in New York this week with a focus on boosting...

Published 20 Sep, 2021 05:23am

Germany's Laschet under pressure as final election debate nears

BERLIN: The conservative candidate aiming to succeed German Chancellor Angela Merkel remained under pressure on...

Published 20 Sep, 2021 05:23am

Middle East

Iran says ready to sell Lebanon fuel if Beirut asks

TEHRAN: Iran said Sunday it is willing to sell fuel to Lebanon's government to help ease shortages, days after a...

Published 20 Sep, 2021 05:23am

South Asia

Afghan activists protest outside shuttered women ministry

KABUL: About two dozen women activists protested outside Afghanistan's women's ministry on Sunday after it was ...

Published 20 Sep, 2021 05:23am

Australia defends scrapping of French submarine deal

SYDNEY: Australia on Sunday defended its decision to ditch a multi-billion-dollar order for French submarines and ...

Published 20 Sep, 2021 05:23am

Middle East

Israel recaptures last two Palestinian 'jailbreak fugitives'

OCCUPIED JERUSALEM: All six Palestinian militants who escaped an Israeli high-security jail through a tunnel dug...

Published 20 Sep, 2021 05:23am

Pro-Putin party set to win Russian election after Navalny clampdown

MOSCOW: Russians voted on Sunday in the final stretch of a three-day parliamentary election that the ruling party is...

Published 20 Sep, 2021 05:23am

US regulators wary of Big Tech swallowing startups

SAN FRANCISCO: US anti-trust regulators signalled Wednesday greater scrutiny of Big Tech giants' smaller...

Published 20 Sep, 2021 05:23am

USA

US NTSB to probe fatal Tesla crash in Florida

WASHINGTON: The US National Transportation Safety Board (NTSB) said on Friday it will send a team to investigate a...

Published 20 Sep, 2021 05:23am

Remote work goes 'luxury', but many may be left out

WASHINGTON: Virtual reality meetings, $7,000 all-in-one kits and digital hot desking: Big Tech is rolling out ...

Published 20 Sep, 2021 05:23am

India antitrust probe finds Google abused Android dominance

NEW DELHI: Google abused the dominant position of its Android operating system in India, using its "huge financial...

Published 20 Sep, 2021 05:23am

Facebook says WSJ allegations are 'mischaracterizations,' confer 'false motives'

NEW YORK: Facebook Inc on Saturday slammed a Wall Street Journal series of articles about the social media company's...

Published 20 Sep, 2021 05:23am

Ronaldo scores before Lingard grabs winner against West Ham

LONDON: Cristiano Ronaldo scored his fourth goal in three matches since his return to Manchester United on Sunday...

Published 20 Sep, 2021 05:23am

Black Caps arrive in Dubai abandoning Pakistan tour

DUBAI: The New Zealand cricket team arrived in Dubai early Sunday after fleeing Pakistan but officials refused to...

Published 20 Sep, 2021 05:23am

Ben Yedder penalty earns struggling Monaco draw at Nice

PARIS: Wissam Ben Yedder's spot-kick secured Monaco a 2-2 draw at Nice in Ligue 1 on Sunday as the hosts rued a late...

Published 20 Sep, 2021 05:23am

Tired Kvitova pulls out of Billie Jean King Cup finals

PRAGUE: Two-time Wimbledon champion Petra Kvitova said Sunday she would not play the Billie Jean King Cup finals in...

Published 20 Sep, 2021 05:23am

French League to meet after Lens v Lille crowd trouble

PARIS: The disciplinary committee of the French League (LFP) will meet on Monday to discuss the crowd trouble that...

Published 20 Sep, 2021 05:23am

Olympians share time with Omega in Crans-Montana

KARACHI: With this year's Omega Masters now in full swing, Omega has enlivened the celebrations with a special Golf...

Published 20 Sep, 2021 05:23am

Pak-Afghan pugilists to box in WBC approved Arabian Sea Title Belt fight

ISLAMABAD: The World Boxing Council (WBC) has officially sanctioned the first Arabian Sea Title Belt fight between...

Published 20 Sep, 2021 05:23am

Pakistan holds best security arrangements for int'l matches: Faisal Javed

ISLAMABAD: Senator, Pakistan Tehreek-e-Insaf (PTI) Faisal Javed Khan on Sunday said, Pakistan was the best place for...

Published 20 Sep, 2021 05:23am

Former England great Jimmy Greaves dies aged 81

LONDON: Jimmy Greaves was hailed as the "best goalscorer to ever play" after the former Tottenham and England ...

Published 20 Sep, 2021 05:23am

Broad backs England's Ashes trip as concerns mount

LONDON: England pace bowler Stuart Broad insists he will go on the Ashes tour of Australia this winter despite...

Published 20 Sep, 2021 05:23am

The Weather

KARACHI: The weather report on Sunday (September 19, 2021) and the forecast for Monday (September 20, 2021)....

Published 20 Sep, 2021 05:23am

Rates

PSX remains under pressure: BRIndex100 plummets 66.75 points

KARACHI: Pakistan Stock Exchange (PSX) remained under pressure during the outgoing week ended on September 17, due ...

Published 20 Sep, 2021 05:23am

Rates

Futures spread declines by 123bps

KARACHI: The futures spread declined by 123bps to 12.81 percent on the last day of outgoing week. Trading ...

Published 20 Sep, 2021 05:23am

Rates

Value lost much lesser

KARACHI: Even though PKR ended the week against USD in the red, the value lost was much lesser than the week before....

Published 20 Sep, 2021 05:23am

PACF donates 300 tons of edibles, drugs to Afghanistan

PESHAWAR: Pak-Afghan Cooperation Forum (PACF) donated 300 tons food items and medicines to Afghanistan at Torkham on...

Published 20 Sep, 2021 05:23am

PML-N, PPP slam govt for criticising ECP

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) and Pakistan People's Party (PPP) on Sunday came down hard on ...

Published 20 Sep, 2021 05:23am

Legal experts see 'crisis' if tenure of NAB chief extended through ordinance

ISLAMABAD: The extension of the term of Chairman National Accountability Bureau (NAB) through an ordinance would...

Published 20 Sep, 2021 05:23am

2,580 new Covid-19 cases emerge across country: NCOC

ISLAMABAD: The National Command and Operation Centre's (NCOC) on Sunday said that the country recorded 2,580 new...

Published 20 Sep, 2021 05:23am

President upholds Banking Mohtasib's decision in 3 cases

ISLAMABAD: President Dr Arif Alvi on Sunday upheld the decision of Banking Mohtasib in three similar cases, in which...

Published 20 Sep, 2021 05:23am

Tax Laws (Third Amendment) Ordinance 2021: Traders decide to launch protest drive

ISLAMABAD: Traders community has decided to lodge a strong protest against the promulgation of the Tax Laws (Third...

Published 20 Sep, 2021 05:23am

Bilawal meets Akhtar Mengal

KARACHI: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari on Sunday visited the residence of Balochistan...

Published 20 Sep, 2021 05:23am

Mufti Usmani elected Wafaq-ul-Madaris president unopposed

KARACHI: Renowned religious scholar Mufti Taqi Usmani has been elected president of Wafaq-ul-Madaris-ul-Arabia...

Published 20 Sep, 2021 05:23am

Transport facilities for Karachiites: Haleem expresses gratitude to PM

KARACHI: Leader of Opposition in Sindh Assembly Haleem Adil Sheikh, Sunday, expressed gratitude to Prime Minister...

Published 20 Sep, 2021 05:23am

Six startups win Shell Tameer Awards

Karachi: Pakistan's top six startups were announced during the finale of the Shell Tameer Awards 2021, a nationwide...

Published 20 Sep, 2021 05:23am

Commodities

Peshawar: prices of kitchen items witness upward trend

PESHAWAR: Upward trend in prices of daily-use kitchen items including cooking oil/ghee, sugar, live chicken/ meat,...

Published 20 Sep, 2021 05:23am

Cotton & Textile

Weekly Cotton Review: Cotton rates stable as market witnesses bearish trend

KARACHI: Cotton production in the country registered a satisfactory increase of 159.2 per cent which is around 16.50...

Published 20 Sep, 2021 05:23am

Economy once again in crisis

There is one point of agreement between government stalwarts and critics alike: it is critical for the government to...

Published 20 Sep, 2021 05:23am

Cyber terrorism by India

Warnings. Threats. Deaths. Murders. Terror. For daring to speak against religion? Almost 9 out of 10 people would...

Published 20 Sep, 2021 05:23am

Policy rate hike-weak rupee can be 'deadly' combination

Five global central banks, including State Bank of Pakistan, will be making policy announcements this week. The ...

Published 20 Sep, 2021 05:23am

Low-cost housing

EDITORIAL: The construction boom is visible as the market is flooded with developers and new projects. Land prices...

Updated 20 Sep, 2021 10:23am

Govt-ECP row

EDITORIAL: The PTI remains unapologetic for picking a quarrel with the Election Commission of Pakistan (ECP) without...

Published 20 Sep, 2021 05:23am

Letters

Prime Minister's address at SCO summit

Prime minister Imran Khan deserves a lot of praise for his address to the SCO summit in the Tajikistan capital...

Published 20 Sep, 2021 05:23am

Taxes

An Ordinance

Annex - IV further to amend certain tax laws WHEREAS, it is expedient further to amend certain tax laws for the...

Published 20 Sep, 2021 05:23am

Stocks

Wall St Week Ahead: Growth? Value? Some investors opt for a bit of both

NEW YORK: Some investors are playing this year's tug of war between so-called growth and value stocks by owning...

Published 20 Sep, 2021 05:23am

Money & Banking

Euro zone yields hit two-month highs

LONDON: Euro zone government bond yields reached the highest in over two months on Friday after a report suggested...

Published 20 Sep, 2021 05:23am

Stocks

US, European stocks fall at end of tough week

NEW YORK: US and European stock markets fell on Friday as investors digested mixed economic data, uncertainty over...

Published 20 Sep, 2021 05:23am

Stocks

Major Gulf bourses end mixed; Abu Dhabi off record high

DUBAI: Major stock markets in the Gulf ended mixed on Sunday, with the Abu Dhabi index retreating from the previous...

Published 20 Sep, 2021 05:23am

Money & Banking

US probes possible insider trading at Binance

NEW YORK: US officials are examining possible insider trading and market manipulation at Binance, Bloomberg News...

Published 20 Sep, 2021 05:23am

Stocks

US yields rise; investors await Fed hints on taper timeline

NEW YORK: US government bond yields edged up on Friday, with the 10-year yield touching a two-month high, as traders...

Published 20 Sep, 2021 05:23am

Stocks

Hyundai Heavy Industries shares jump above IPO price on debut

SEOUL: Hyundai Heavy Industries' shares closed 86% above their initial public offering (IPO) price on their trading...

Published 20 Sep, 2021 05:23am

Stocks

Coding platform GitLab reveals surge in growth in US IPO filing

NEW YORK: GitLab Inc, a coding platform backed by the likes of ICONIQ Capital and Khosla Ventures, revealed rapid...

Published 20 Sep, 2021 05:23am

Energy

Renewable gas producer Archaea surges in debut after SPAC deal

NEW YORK: Shares of Archaea Energy jumped as much as 9.2% on the largest US renewable natural gas producer's debut ...

Published 20 Sep, 2021 05:23am

Stocks

JGB yields track US peers higher

TOKYO: Japanese government bond yields rose on Friday, tracking peers in the United States which advanced after a...

Published 20 Sep, 2021 05:23am

Industry

Struggles facing China's Evergrande not panicking markets

NEW YORK: Debt-crippled Chinese real estate giant Evergrande's troubles are being watched closely by foreign...

Published 20 Sep, 2021 05:23am

Industry

Tesla to work with global regulators on data security

SHANGHAI: Electric vehicle maker Tesla Inc will work with global regulators to ensure data security, Chief Executive...

Published 20 Sep, 2021 05:23am

Industry

BA-owner IAG not planning to tap investors for funds

LONDON: British Airways owner IAG is not planning to raise billions of euros from shareholders to get the company...

Published 20 Sep, 2021 05:23am

Taxes

Comments on Tax Laws (Third Amendment) Ordinance, 2021

A review of the provisions introduced reveals that after a long time concrete and positive steps have been ...

Published 20 Sep, 2021 05:23am

AAJ PROGRAM SCHEDULE

Monday, September 20, 2021

Published 20 Sep, 2021 05:23am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (September 13 to...

Published 20 Sep, 2021 05:23am

Industry

Resolving issues raised by traders can help govt contain fiscal deficit: Senator Talha

KARACHI: Senator Muhammad Talha Mahmood Chairman of the Senate Standing Committee on Finance has said that the...

Published 20 Sep, 2021 05:23am

Lufthansa launches $2.5bn capital increase to repay state bailout

Industry

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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