News Archives for Print - 2022-02-11

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Print - 2022-02-11

IAP EXECUTIVE COMMITTEE’S MESSAGE

TEXT: Insurance Week is observed in Pakistan each year to raise the awareness of Insurance at national level. By...

Published 11 Feb, 2022 04:31am

Message from Ms. Sadia Khan, Commissioner, Insurance, SECP

TEXT: I am delighted to see the Insurance & Takaful fraternity come together to raise awareness about this...

Published 11 Feb, 2022 04:31am

The Insurance Association of Pakistan

TEXT: The Insurance Association of Pakistan (IAP), established in 1948, is a dynamic and vision driven body that...

Published 11 Feb, 2022 04:31am

Democracy slides in 2021 amid pandemic pressures: study

PARIS: Democratic standards across the world fell again in 2021 amid the pandemic and growing support for...

Published 11 Feb, 2022 04:31am

South Asia

WHO chief, Taliban discuss ‘dire’ Afghan health crisis

GENEVA: The head of the World Health Organization said Wednesday he had met with the Taliban’s health minister for...

Published 11 Feb, 2022 04:31am

Prince William visits UAE as Britain seeks to deepen ties

DUBAI: Prince William, second in line to the British throne, on Thursday visited the United Arab Emirates at a time...

Published 11 Feb, 2022 04:31am

South Asia

India’s biggest state holds election in key test of Modi’s popularity

NEW DELHI: India’s most populous state of Uttar Pradesh began voting on Thursday in the first of a series of local...

Published 11 Feb, 2022 04:31am

EU chief unveils 150bn-euro investment plan for Africa

DAKAR: EU chief Ursula von der Leyen on Thursday unveiled plans to muster investment of more than 150 billion euros...

Published 11 Feb, 2022 04:31am

Russia launches Belarus drills, heightening fears of Ukraine invasion

MOSCOW: Russia and Belarus launched joint military drills Thursday that heightened tensions and added urgency to...

Published 11 Feb, 2022 04:31am

Biden, Saudi king discuss energy supplies, Iran and Yemen

NEW YORK: US President Joe Biden and King Salman of Saudi Arabia discussed energy supplies in the face of soaring...

Published 11 Feb, 2022 04:31am

The Weather

KARACHI: The weather report on Thursday (February 10, 2022) and the forecast for Friday (February 11, 2022)....

Published 11 Feb, 2022 04:31am

Message from Syed Rizwan Hussain, MD/CEO, Salaam Takaful Limited

TEXT: Many people ask me with awe and amazement the success story of Salaam Takaful Ltd. In a brief sentence it is a...

Published 11 Feb, 2022 04:31am

Insurance is the need of time

TEXT: Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a...

Published 11 Feb, 2022 04:31am

Leading with growth and customer trust – Adamjee Life

TEXT: Striding through the past 12 years, Adamjee Life’s commitment to excellence is driven by its core values. ...

Published 11 Feb, 2022 04:31am

Pakistan Insurance Institute - A Premier Institute for the Professional and Personal Development of Insurance Professionals

Sumair Siraj Memon, CEO, PII TEXT: Pakistan Insurance Institute (PII) was established in 1951 by the insurance...

Published 11 Feb, 2022 04:31am

IGI LIFE VITALITY – An Innovation in Insurance Sector

TEXT: There is no denying that you have greater peace of mind when you are aware that you and your loved ones are...

Published 11 Feb, 2022 04:31am

Excellence Since 1932

TEXT: EFU is the largest insurer in Pakistan, offering Non- Life, Life and Health Insurances under EFU Group. The...

Published 11 Feb, 2022 04:31am

Panel underscores need for formulation of ‘concrete’ energy policy

ISLAMABAD: A parliamentary panel on Thursday recommended to take the government’s policy on distribution of gas to...

Published 11 Feb, 2022 04:31am

Model Town incident: LHC CJ forms seven-member larger bench

LAHORE: The Lahore High Court Chief Justice constituted a seven-judge larger bench who will proceed with a matter...

Published 11 Feb, 2022 04:31am

Saeed Ghani’s complaint: TV anchor granted transitory bail

ISLAMABAD: The Islamabad High Court (IHC) Thursday granted transitory bail to anchorperson Dr Shahid Masood for 10...

Published 11 Feb, 2022 04:31am

15pc raise in salaries: AGEGA observes ‘thanksgiving day’

ISLAMABAD: The leadership of the All Government Employees Grand Alliance (AGEGA) marked Thursday as the...

Published 11 Feb, 2022 04:31am

Depreciation of PKR: Punjab govt’s liabilities surge 4.6pc to Rs1.079trn

LAHORE: For the three-month period ended on December 31, 2021, the Punjab government’s liabilities surged by 4.6...

Published 11 Feb, 2022 04:31am

‘Politics of chaos’ against national interest, says NA speaker

LAHORE: Speaker National Assembly Asad Qaiser said on Thursday that the politics of chaos is against the national...

Published 11 Feb, 2022 04:31am

Row over trademark: SC reserves judgment on SHC ruling

ISLAMABAD: The Supreme Court has reserved the judgment against the Sindh High Court’s ruling regarding the dispute...

Published 11 Feb, 2022 04:31am

Kamyab Jawan programme: HBL disburses Rs3bn in 2021

KARACHI: Usman Dar, Special Assistant to the Prime Minister on Youth Affairs along with his team visited HBL to meet...

Published 11 Feb, 2022 04:31am

Al Jannat Royal Residency: ABAD lauds SHC for withdrawal of demolition order

KARACHI: Association of Builders and Developers of Pakistan (ABAD) has appreciated the Sindh High Court (SHC) for...

Published 11 Feb, 2022 04:31am

Medicines, essential items: Shujaat wants GST withdrawal

LAHORE: Pakistan Muslim League-Quaid (PML-Q) President Chaudhry Shujaat Hussain has asked the government to withdraw...

Published 11 Feb, 2022 04:31am

Disposal of ADRC cases: FTO asks FBR to set ‘specific’ time limit

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to fix specific time ...

Published 11 Feb, 2022 04:31am

PC’s mobile app launched

ISLAMABAD: Hashoo Hotels, Pakistan’s leading hospitality brand, has unveiled the next chapter in its mission to...

Published 11 Feb, 2022 04:31am

Economic diplomacy: Qureshi spells out ‘achievements’

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi Thursday said that his ministry’s efforts under ‘economic...

Published 11 Feb, 2022 04:31am

PBC, IFC host webinar

ISLAMABAD: There is growing acceptance by business to adopt responsible environment, social and governance (ESG)...

Published 11 Feb, 2022 04:31am

Bidding papers ready for $6.81bn ML-1

ISLAMABAD: Tender demounts for Main Line–I Pakistan Railway Project at estimated cost $ 6.81 billion for bidding...

Published 11 Feb, 2022 04:31am

KSA’s airport: Pakistan condemns Houthi drone attack

ISLAMABAD: Pakistan on Thursday strongly condemned the drone attack launched by the Houthis to target Abha...

Published 11 Feb, 2022 04:31am

Pakistan can leverage new-found UAE-Turkey friendship

Board of Investment chairman says IT and construction sectors are key focus areas for joint ventures with UAE

Updated 11 Feb, 2022 01:48pm

NBGP chief urges govt to spread the ‘burden’ of IMF conditions judiciously

KARACHI: Chairman of National Business Group Pakistan (NBGP) and President Pakistan Businessmen and Intellectuals...

Published 11 Feb, 2022 04:31am

Mian Mansha attends British Asian Trust’s annual reception, dinner with The Prince of Wales

LONDON: Mian Mohammad Mansha, Chairman Nishat Group, attended the British Asian Trust’s annual reception &...

Published 11 Feb, 2022 04:31am

Karachi University, GBMC ink MoU

KARACHI: The University of Karachi and the Global Business Management Consulting (GBMC) signed a memorandum of...

Published 11 Feb, 2022 04:31am

Cold, dry weather likely today

KARACHI: Mainly cold and dry weather is expected in most parts of the country on Friday, the Met Office said on...

Published 11 Feb, 2022 04:31am

ILMA University hosts 17th Convocation

KARACHI: ILMA University has hosted its 17th Convocation at its main campus. The illuminated ambience of the...

Published 11 Feb, 2022 04:31am

Hawksbay beach: Water sports facilities provided under PPP mode: Wahab

KARACHI: Administ-rator Karachi and Sindh government spokesman Barrister Murtaza Wahab Thursday said that water...

Published 11 Feb, 2022 04:31am

Huge quantity of diesel seized in high seas

KARACHI: Anti Smuggling Organization (ASO) of the Collectorate of Customs Enforcement, Karachi on Thursday seized a...

Published 11 Feb, 2022 04:31am

All set for ‘no-confidence’ motion, says Hamza

LAHORE: Leader of the Opposition in Punjab Assembly Hamza Shehbaz said on Thursday that those who raised the slogan...

Published 11 Feb, 2022 04:31am

NA body informed: 80,000 blocked CNICs restored

ISLAMABAD: The National Assembly Standing Committee on Government Assurances on Thursday was informed that more than...

Published 11 Feb, 2022 04:31am

Alvi speaks to the families of 18 martyred soldiers

ISLAMABAD: President Dr Arif Alvi on Thursday telephoned the grieved families of 18 soldiers who were martyred in...

Published 11 Feb, 2022 04:31am

Bilawal says PM’s ‘corruption mantra’ has lost its credibility

MULTAN: Chairman Pakistan People’s Party (PPP), Bilawal Bhutto Zardari Thursday challenged Prime Minister Imran...

Published 11 Feb, 2022 04:31am

Two dead in factory fire

KASUR: At least two persons were killed and a dozen others sustained burn injuries when a fire erupted in Bulleh ...

Published 11 Feb, 2022 04:31am

UNESCO representative meets chairman PTA

ISLAMABAD: Director of Office and UNESCO Representative in Pakistan, Patricia McPhillips called on Chairman Pakistan...

Published 11 Feb, 2022 04:31am

Ministers discuss framework of new fertiliser policy

ISLAMABAD: Federal Minister for Industries and Production Makhdum Khusro Bakhtyar presided over the high-level...

Updated 11 Feb, 2022 02:12pm

PMSA arrests 36 Indian fishermen

KARACHI: The Pakistan Maritime Security Agency (PMSA) on Thursday apprehended six Indian fishing boats along with 36...

Published 11 Feb, 2022 04:31am

Policeman found dead at residence of ex-CM’s son?

KARACHI: A policeman has been found dead from the home of former Chief Minister Sindh Syed Qaim Ali Shah’s son in...

Published 11 Feb, 2022 04:31am

Trust deed of Maryam did not fall within the ambit of forgery: IHC

ISLAMABAD: The Islamabad High Court (IHC) observed that the Trust Deed of Maryam Nawaz did not fall in the ambit of...

Published 11 Feb, 2022 04:31am

Senate body passes ‘Allied Health Professionals Council Bill 2021’

ISLAMABAD: The Senate Standing Committee on National Health Services, Thursday, passed conditionally “The Allied...

Published 11 Feb, 2022 04:31am

Child, bonded labour at brick kilns: Speakers underscore need for ‘creative’ solutions

ISLAMABAD: Speakers stressed for diverse approach to address the interconnected key issues of child and bonded ...

Published 11 Feb, 2022 04:31am

Ahsan steps up criticism of PTI govt

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N), secretary general, Ahsan Iqbal, Thursday, claimed that five...

Published 11 Feb, 2022 04:31am

Multan Sultans beat Peshawar Zalmi by 42 runs

LAHORE: Multan Sultans defeated Peshawar Zalmi by 42 runs to register their sixth consecutive win in the 16th match...

Published 11 Feb, 2022 04:31am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Thursday (February 10, 2022)....

Published 11 Feb, 2022 04:31am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (February 10, 2022). ========================== KIBOR...

Published 11 Feb, 2022 04:31am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Thursday (February 10, 2022). ========================...

Published 11 Feb, 2022 04:31am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Thursday (February 10, 2022). ========================...

Published 11 Feb, 2022 04:31am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Thursday (February 10, 2022). ======================== Offer Price 1,220.7380...

Published 11 Feb, 2022 04:31am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Thursday (February 10, 2022). ======================== Offer Price...

Published 11 Feb, 2022 04:31am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Thursday (February 10, 2022). ======================== Offer Price...

Published 11 Feb, 2022 04:31am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Thursday (February 10, 2022). ======================== Offer ...

Published 11 Feb, 2022 04:31am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Thursday (February 10, 2022). ======================== Offer Price...

Published 11 Feb, 2022 04:31am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Thursday (February 10, 2022). ======================== Offer Price...

Published 11 Feb, 2022 04:31am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Thursday (February 10, 2022). ======================== Offer Price...

Published 11 Feb, 2022 04:31am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Thursday (February 10, 2022). ======================== Offer Price...

Published 11 Feb, 2022 04:31am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Thursday (February 10, 2022). ======================== Offer Price...

Published 11 Feb, 2022 04:31am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Thursday (February 10, 2022). ======================== Offer Price...

Published 11 Feb, 2022 04:31am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Thursday (February 10, 2022). ======================== Offer Price...

Published 11 Feb, 2022 04:31am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Thursday (February 10, 2022). ======================== Offer Price...

Published 11 Feb, 2022 04:31am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Thursday (February 10, 2022). ======================== Offer Price...

Published 11 Feb, 2022 04:31am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Thursday (February 10, 2022). ======================== Offer Price...

Published 11 Feb, 2022 04:31am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Thursday (February 10, 2022). ======================== Offer ...

Published 11 Feb, 2022 04:31am

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 11 Feb, 2022 04:31am

Rates

Clearing Schedule for T+2 System

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

Published 11 Feb, 2022 04:31am

Rates

Proposed right issues

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

Published 11 Feb, 2022 04:31am

Stocks

Last date of renunciation/payment

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

Published 11 Feb, 2022 04:31am

Rates

Dividend/Bonus Announcements

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

Published 11 Feb, 2022 04:31am

Rates

BOARD MEETINGS

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

Published 11 Feb, 2022 04:31am

Stocks

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

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

Published 11 Feb, 2022 04:31am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (February 10, 2022). ==================================== ...

Published 11 Feb, 2022 04:31am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 11 Feb, 2022 04:31am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Thursday (February 10, 2022)....

Published 11 Feb, 2022 04:31am

Stocks

Wall Street loses ground after hot inflation data

NEW YORK: US stocks fell on Thursday, with Big Tech leading the declines after stronger-than-expected consumer ...

Published 11 Feb, 2022 04:31am

Stocks

Major Gulf markets close higher; Abu Dhabi has best day in 3 weeks

DUBAI: Major Gulf bourses ended higher on Thursday as investors wait for the outcome of US-Iran nuclear talks that...

Published 11 Feb, 2022 04:31am

Stocks

European shares edge lower

PARIS: European shares ended slightly lower on Thursday as rising bond yields and weak results from France’s Atos...

Published 11 Feb, 2022 04:31am

Stocks

Indian shares end higher

BENGALURU: Indian shares closed higher on Thursday, after the central bank held its key lending rate steady as...

Published 11 Feb, 2022 04:31am

Stocks

Hong Kong shares rise

HONG KONG: Hong Kong’s Hang Seng index finished higher on Thursday, led by tech shares, but gains were limited...

Published 11 Feb, 2022 04:31am

Stocks

China blue chips slip

SHANGHAI: China’s blue-chip share index fell on Thursday as battery maker Contemporary Amperex Technology and...

Published 11 Feb, 2022 04:31am

Stocks

TSX gains on strong energy stocks

TORONTO: Canada’s main stock index rose on Thursday, lifted by strength in energy stocks after oil prices surged,...

Published 11 Feb, 2022 04:31am

Letters

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	281.85
USD PKR Interbank Buying / Mar 28	279.71
USD to Japanese Yen / Mar 28	149.88
USD to Swiss Franc / Mar 28	0.88
Pound Sterling to USD / Mar 28	1.29
Euro to USD / Mar 28	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 28	5,580.94
India Sensex / Mar 28	77,414.92
Tokyo Nikkei / Mar 28	37,120.33
Nasdaq / Mar 28	17,322.99
Hang Seng / Mar 28	23,426.60
FTSE 100 / Mar 28	8,658.85
Dow Jones / Mar 28	41,583.90
Germany DAX 30 / Mar 28	22,461.52
France CAC40 / Mar 28	7,916.08

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Crude Oil USD/Barrel / Mar 28	69.10
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Gold Spot USD/Ounce / Mar 28	3,117.20
Cotton US¢/pound / Mar 28	66.90
Petrol/Litre / Mar 29	255.63
Diesel/Litre / Mar 29	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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