News Archives for Print - 2022-03-10

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Print - 2022-03-10

Stocks

Gulf markets end lower

DUBAI: Markets in the Middle East fell on Wednesday, with the Abu Dhabi index losing more than 2% even as a U.S. ban...

Published 10 Mar, 2022 07:30am

Stocks

Johannesburg stocks draw net positive foreign inflows as Moscow wanes

JOHANNESBURG: The Johannesburg Stock Exchange (JSE), Africa’s biggest bourse, has seen net positive foreign ...

Published 10 Mar, 2022 07:30am

Cotton & Textile

Spot rate firm on cotton market

LAHORE: The local cotton market on Wednesday remained stable while the trading volume was low. The Spot Rate...

Published 10 Mar, 2022 07:30am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 09, 2022)....

Published 10 Mar, 2022 07:30am

Commodities

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 24.505...

Published 10 Mar, 2022 07:30am

Rates

Activities of Karachi Port

KARACHI: The Karachi Port Trust handled 128,199 tonnes of cargo comprising 81,888 tonnes of import cargo and 46,311...

Published 10 Mar, 2022 07:30am

Energy

US natural gas down

NEW YORK: US natural gas futures fell more than 6% to a one-week low on Tuesday on rising output and forecasts for...

Published 10 Mar, 2022 07:30am

Energy

Asia refiners to crank up runs on record gasoil margins

SINGAPORE/NEW DELHI: Some Asian refineries plan to increase output in May to cash in on high prices for gasoil...

Published 10 Mar, 2022 07:30am

Energy

Asia Distillates: Gasoil, jet fuel cracks soar

SINGAPORE: Asian refining margins for 10 ppm gasoil jumped on Wednesday, scaling to a fresh high on record, riding ...

Published 10 Mar, 2022 07:30am

Energy

VLSFO crack hits record high amid tighter supplies

SINGAPORE: Asia’s front-month crack for 0.5% very low-sulphur fuel oil (VLSFO) rose on Wednesday to its highest...

Published 10 Mar, 2022 07:30am

Energy

Asia’s gasoline crack climbs

NEW DELHI: Asia’s gasoline refining profit margin extended gains on Wednesday amid turbulence in crude oil markets...

Published 10 Mar, 2022 07:30am

Commodities

Shanghai stainless steel retreats

BEIJING: Chinese stainless steel futures dropped on Wednesday, after opening more than 7% higher, as cautious...

Published 10 Mar, 2022 07:30am

Commodities

FranceAgriMer hikes soft wheat export forecast

PARIS: Farm office FranceAgriMer on Wednesday increased sharply its forecast of French soft wheat exports outside ...

Published 10 Mar, 2022 07:15am

Commodities

ICE canola futures hit all-time high

WINNIPEG, (Manitoba): ICE canola futures jumped to an all-time high on Tuesday, driven by concerns about stranded...

Published 10 Mar, 2022 07:15am

First ‘International Alumni’s Mathematics UET Conference’ held

ISLAMABAD: The first International Alumni’s Mathematics UET Conference held in which more than 300 scholars and...

Published 10 Mar, 2022 07:15am

Expensive farm houses in Islamabad: President backs FTO’s action against concealed investment

ISLAMABAD: President Dr Arif Alvi has confirmed the prompt decision taken by Federal Tax Ombudsman (FTO) that the...

Published 10 Mar, 2022 07:15am

Massey Ferguson Tractors unit: NFS&R voices its concern over closure

ISLAMABAD: A parliamentary panel on Wednesday expressing serious concerns over the closure of production unit of...

Published 10 Mar, 2022 07:15am

EFP lauds launch of ‘Better work program in Pakistan’

ISLAMABAD: Zaki Ahmed Khan, acting president Employer’s Federation of Pakistan (EFP), while lauding the official...

Published 10 Mar, 2022 07:15am

OIC foreign ministers moot on Afghanistan: PAC directs govt to cap expenditure on preparation

ISLAMABAD: A parliamentary panel on Wednesday directed the federal government to cap the expenditure on preparation...

Published 10 Mar, 2022 07:15am

International Women’s Day: US CG hosts participants of Qadam Barhao

KARACHI: US Consulate General Karachi hosted participants of Qadam Barhao, a US Consulate-sponsored initiative to...

Published 10 Mar, 2022 07:15am

PDWP approves two development schemes

LAHORE: The Punjab Provincial Development Working Party approved two development schemes of primary & secondary...

Published 10 Mar, 2022 07:15am

SSGC clarification

KARACHI: “This is with reference to the news item entitled ‘SSGCL - PSML sell off process hits snag’ that...

Published 10 Mar, 2022 07:15am

SC’s suo motu jurisdiction: Senate panel passes constitutional amendment

ISLAMABAD: Senate Standing Committee on Law and Justice on Wednesday passed the constitutional amendment that aims ...

Published 10 Mar, 2022 07:15am

Opposition could move court against Speaker: Khaqan

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) senior vice president and former premier Shahid Khaqan Abbasi on...

Published 10 Mar, 2022 07:15am

Money & Banking

Margins on MTBs soar to 130bps

KARACHI: The margins on short-term government securities rose up to 130 basis points (bps) in the auction held...

Published 10 Mar, 2022 07:15am

NA to celebrate ‘Platinum Jubilee’ on August 10

ISLAMABAD: The National Assembly of Pakistan will celebrate its Platinum Jubilee on August 10, 2022, said a press...

Published 10 Mar, 2022 07:15am

Industry

Two-way trade potential: PAJCCI takes stakeholders on board

KARACHI: Pakistan Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) Wednesday held several stakeholder...

Published 10 Mar, 2022 07:15am

Commodities

2016-22: Careem’s performance

KARACHI: Careem has moved 4.3 million women taking 32 million rides and covering a distance of over 351 million...

Published 10 Mar, 2022 07:15am

First cargo of Halal meat sent to Uzbekistan

KARACHI: The first cargo of Halal meat from Pakistan to Uzbekistan left for Tashkent from Karachi here on Wednesday...

Updated 10 Mar, 2022 11:44am

Customs values of hair care products revised

KARACHI: Directorate General Customs Valuation (DGCV) has revised the customs values of hair care products and...

Published 10 Mar, 2022 07:15am

Commodities

Gold prices up

KARACHI: Gold prices on Wednesday further grew on the local market, traders said. With an increase of another...

Published 10 Mar, 2022 07:15am

Senate election: Sindh CM claims 4 PTI MPAs voted for Khuhro

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that four PTI MPAs, showing their `no-confidence’ in ...

Published 10 Mar, 2022 07:15am

Sindh PTI leader terms opposition’s no-trust move ‘political suicide’

KARACHI: Leader of the Opposition in Sindh Assembly, Haleem Adil Sheikh Wednesday said that no-confidence move will...

Published 10 Mar, 2022 06:44am

The Weather

KARACHI: The weather report on Wednesday (March 09, 2022) and the forecast for Thursday (March 10, 2022)...

Published 10 Mar, 2022 06:30am

TPL Trakker, Telenor join hands to strengthen IoT connectivity infrastructure

KARACHI: TPL Trakker is partnered with Telenor Pakistan to exclusively provide state of the art IoT solutions and...

Published 10 Mar, 2022 06:30am

Gujarat Titans sign Afghanistan’s Gurbaz for IPL 2022

NEW DELHI: Gujarat Titans have signed Afghanistan’s Rahmanullah Gurbaz as a replacement for England batsman Jason...

Published 10 Mar, 2022 06:30am

South Asia

Sri Lanka restricts ‘luxuries’ as forex crisis worsens

COLOMBO: Sri Lanka on Wednesday tightened restrictions on a wide range of imports from whisky to kitchen appliances...

Published 10 Mar, 2022 06:30am

Two years on, WHO warns pandemic ‘far from over’

GENEVA: The pandemic is far from over, the WHO’s leader insisted Wednesday, two years after he first used the term...

Published 10 Mar, 2022 06:30am

Europe

Germany won’t send warplanes to Ukraine, eyes energy cooperation with Canada

BERLIN: Germany will certainly not send warplanes to Ukraine, Chancellor Olaf Scholz said on Wednesday, after the...

Published 10 Mar, 2022 06:30am

Putin, Scholz discuss ‘diplomatic’ efforts to settle Ukraine conflict: Kremlin

MOSCOW: Russian President Vladimir Putin and German Chancellor Olaf Scholz on Wednesday discussed diplomatic ways to...

Published 10 Mar, 2022 06:30am

False accusation of narcotics substances against citizen: Senate body seeks CII’s opinion on proposed amendments

ISLAMABAD: The Senate Standing Committee on Narcotics Control on Wednesday decided to seek Council of Islamic...

Published 10 Mar, 2022 06:30am

‘Fly Jinnah’ unveils its visual brand identity

KARACHI: Fly Jinnah, Pakistan’s new low-cost carrier on Wednesday revealed its visual brand identity. ‘Fly...

Published 10 Mar, 2022 06:30am

PML-N leader says PM won’t survive no-trust motion

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) Secretary General Ahsan Iqbal on Wednesday questioned the...

Published 10 Mar, 2022 06:30am

‘City temperature has become ideal for dengue larva germination’

LAHORE: The city temperature has become ideal for the germination of dengue larva, said Pakistan Meteorological...

Published 10 Mar, 2022 06:30am

PM Kamyab Jawan & FWBL organize ‘Kamyab Khatoon Convention’

KARACHI: Kamyab Jawan’s youth entrepreneurship scheme has disbursed 3 billion worth of loans to women ...

Published 10 Mar, 2022 06:30am

SU awards 19 PhD, 52 M. Phil degrees

HYDERABAD: The Advanced Studies and Research Board (ASRB) of the University of Sindh Jamshoro has approved to award...

Published 10 Mar, 2022 06:30am

PM’s popularity increased in last two weeks: Hammad

ISLAMABAD: Minister for Energy Hammad Azhar on Wednesday said popularity of Prime Minister Imran Khan has increased...

Published 10 Mar, 2022 06:30am

Vote on no-confidence motion: Only one PTI member will be present in NA

ISLAMABAD: Only one member of Pakistan Tehreek-e-Insaf (PTI) will be present during the voting process on...

Published 10 Mar, 2022 06:30am

About 8 in 10 Pakistanis report giving charity, PGI 2021 reveals

KARACHI: Pakistan Centre for Philanthropy (PCP) conducted the virtual launch of Pakistan Giving Index (PGI) 2021, a...

Published 10 Mar, 2022 06:30am

Sumaira to return Pakistan soon after due process in India: Irfan Siddiqui

ISLAMABAD: PML-N Senator Irfan Siddiqui said that Sumaira, a Pakistani woman detained in Bangalore, India, and her...

Published 10 Mar, 2022 06:30am

Lumpy Skin Disease epidemic: Chicken meat price soars to Rs570 per kg

KARACHI: Following the outbreak of the Lumpy Skin Disease (LSD) in cattle, the price of chicken meat in Karachi has...

Published 10 Mar, 2022 06:30am

Dues of Chinese power projects: Chinese embassy agitates for payment

ISLAMABAD: Chinese embassy has reportedly forewarned Pakistani authorities to solve payment concerns of Chinese ...

Updated 10 Mar, 2022 11:14am

New recruitments in Punjab to be made as per new pension rules: minister

LAHORE: Punjab Finance Minister Makhdoom Hashim Jawan Bakht has said that all new recruitments in Punjab will be ...

Published 10 Mar, 2022 06:30am

Sarwar advises PTI leadership to hold talks with Tareen, Aleem

LAHORE: Advising the PTI leadership to hold talks with Jahangir Khan Tarin and Abdul Aleem Khan, Punjab Governor...

Published 10 Mar, 2022 06:30am

Audit: performance of FESCO praised

FAISALABAD: Auditors perform pivotal role to save the department from possible financial irregularities and...

Published 10 Mar, 2022 06:30am

Mechanism aimed at boosting interaction between bureaucrats, parliamentarians to be devised

ISLAMABAD: Fed up with frequent warnings of privilege motions by the legislators, the top bureaucracy has decided to...

Published 10 Mar, 2022 06:30am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (March 09, 2022)....

Published 10 Mar, 2022 06:30am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (March 09, 2022). ========================== KIBOR...

Published 10 Mar, 2022 06:30am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (March 09, 2022). ========================...

Published 10 Mar, 2022 06:30am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (March 09, 2022). ========================...

Published 10 Mar, 2022 06:30am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Wednesday (March 09, 2022). ======================== Offer Price 1,186.7234 Bid...

Published 10 Mar, 2022 06:30am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Wednesday (March 09, 2022). ======================== Offer Price...

Published 10 Mar, 2022 06:30am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Wednesday (March 09, 2022). ======================== Offer Price...

Published 10 Mar, 2022 06:30am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Wednesday (March 09, 2022). ======================== Offer ...

Published 10 Mar, 2022 06:30am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Wednesday (March 09, 2022). ======================== Offer Price...

Published 10 Mar, 2022 06:30am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Wednesday (March 09, 2022). ======================== Offer Price...

Published 10 Mar, 2022 06:30am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE 1,427.5609...

Published 10 Mar, 2022 06:30am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Wednesday (March 09, 2022). ======================== OFFER PRICE...

Published 10 Mar, 2022 06:30am

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 10 Mar, 2022 06:30am

Stocks

Last date of renunciation/payment

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

Published 10 Mar, 2022 06:30am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 10 Mar, 2022 06:30am

Stocks

Japan’s Nikkei reverses course to close at 16-month low

TOKYO: Japan’s Nikkei index reversed course to end at a 16-month low on Wednesday, tracking broader Asian markets...

Published 10 Mar, 2022 06:30am

Stocks

China shares end lower as inflation risks, Covid cases mount

SHANGHAI: Chinese shares ended lower on Wednesday, as investors remained on edge over concerns the commodity...

Published 10 Mar, 2022 06:30am

Stocks

Wall Street rebounds on bank, tech boost

NEW YORK: Wall Street’s main indexes rallied on Wednesday as investors piled into banking and technology sectors...

Published 10 Mar, 2022 06:30am

Stocks

Financial stocks lead FTSE 100 higher; lower oil cools inflation fears

LONDON: London’s FTSE 100 ended higher on Wednesday as higher yields and upbeat earnings from insurer Prudential...

Published 10 Mar, 2022 06:30am

Stocks

Banks, automakers fuel strong comeback for European shares

PARIS: German shares vaulted almost 8% to lead strong gains across European stocks markets on Wednesday, as ...

Published 10 Mar, 2022 06:30am

Letters

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 19	280.28
USD PKR Interbank Buying / Mar 19	280.03
USD to Japanese Yen / Mar 19	149.18
USD to Swiss Franc / Mar 19	0.88
Pound Sterling to USD / Mar 19	1.30
Euro to USD / Mar 19	1.09
UK LIBOR % / Mar 18	4.96

Stock	Volume
S&P 500 / Mar 18	5,614.66
Nasdaq / Mar 18	17,504.12
Dow Jones / Mar 18	41,581.31
India Sensex / Mar 19	75,481.90
Tokyo Nikkei / Mar 19	37,751.88
Hang Seng / Mar 19	24,743.15
FTSE 100 / Mar 19	8,671.01
Germany DAX 30 / Mar 19	23,262.56
France CAC40 / Mar 19	8,101.41

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 18	17,285
Gold 10 Grams PKR / Mar 18	272,076
Petrol/Litre / Mar 19	255.63
Crude Oil USD/Barrel / Mar 19	66.63
Gold Spot USD/Ounce / Mar 19	3,039.77
Diesel/Litre / Mar 19	258.64
Cotton US¢/pound / Mar 19	66.37

Gainers
Losers
Leaders

Stock	Price
Sally Textile / Mar 19 Sally Textile Mills Limited(SLYT)	9.08 ▲ 1 (12.38%)
Universal Ins. / Mar 19 The Universal Insurance Company Limited(UVIC)	9.98 ▲ 1 (11.14%)
Int. Knit. / Mar 19 International Knitwear Limited(INKL)	21.74 ▲ 1.98 (10.02%)
Image Pakistan / Mar 19 Image Pakistan Limited(IMAGE)	25.27 ▲ 2.3 (10.01%)
Exide (PAK) / Mar 19 Exide Pakistan Limited(EXIDE)	823.10 ▲ 74.83 (10%)
Fateh Sports / Mar 19 Fateh Sports Wear Limited(FSWL)	85.72 ▲ 7.79 (10%)
D.M. Textile / Mar 19 D.M. Textile Mills Limited(DMTX)	69.30 ▲ 6.3 (10%)
Atlas Battery / Mar 19 Atlas Battery Limited(ATBA)	327.94 ▲ 29.81 (10%)
Macter Int. Ltd / Mar 19 Macter International Limited(MACTER)	403.77 ▲ 36.71 (10%)
Bunnys Limited / Mar 19 Bunnys Limited(BNL)	19.14 ▲ 1.74 (10%)

Stock	Price
Equity Modaraba / Mar 19 First Equity Modaraba(FEM)	2.86 ▼ -0.36 (-11.18%)
Chakwal Spinning / Mar 19 Chakwal Spinning Mills Limited(CWSM)	51.44 ▼ -5.72 (-10.01%)
At-Tahur Ltd. / Mar 19 At-Tahur Limited(PREMA)	51.27 ▼ -5.7 (-10.01%)
National Silk / Mar 19 The National Silk & Rayon Mills Limited(NSRM)	33.82 ▼ -3.49 (-9.35%)
Khalid Siraj / Mar 19 Khalid Siraj Textile Mills Limited(KSTM)	8.70 ▼ -0.83 (-8.71%)
Sec. Inv. Bank / Mar 19 Security Investment Bank Limited(SIBL)	7.05 ▼ -0.65 (-8.44%)
Bank of Khyber / Mar 19 The Bank of Khyber(BOK)	15.65 ▼ -1.44 (-8.43%)
Sindh Modaraba / Mar 19 Sindh Modaraba(SINDM)	10.62 ▼ -0.88 (-7.65%)
Chashma / Mar 19 Chashma Sugar Mills Limited(CHAS)	70 ▼ -5.52 (-7.31%)
J.K.Spinning / Mar 19 J.K. Spinning Mills Limited(JKSM)	67.55 ▼ -5.28 (-7.25%)

Stock	Volume
Pak Int.Bulk / Mar 19 Pakistan International Bulk Terminal(PIBTL)	59,131,134 ▲ 0.41
B.O.Punjab / Mar 19 The Bank of Punjab(BOP)	36,470,727 ▲ 0.33
Pak Elektron / Mar 19 Pak Elektron Limited(PAEL)	35,824,044 ▲ 3.45
WorldCall Telecom / Mar 19 Worldcall Telecom Limited(WTL)	30,598,551 ▲ 0.09
Fauji Cement / Mar 19 Fauji Cement Company Limited(FCCL)	28,970,465 ▲ 1.27
TRG Pak Ltd / Mar 19 TRG Pakistan Limited(TRG)	28,205,240 ▲ 3.58
Pak Refinery / Mar 19 Pakistan Refinery Limited(PRL)	21,542,769 ▲ 0.22
Hub Power Co. / Mar 19 The Hub Power Company Limited(HUBC)	16,382,978 ▲ 6.79
K-Electric Ltd. / Mar 19 K-Electric Limited(KEL)	16,372,163 ▲ 0.03
Hascol Petrol / Mar 19 Hascol Petroleum Limited(HASCOL)	16,038,149 ▲ 0.18

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