News Archives for Print - 2022-05-28

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Print - 2022-05-28

The Weather

KARACHI: The weather report on Friday (May 27, 2022) and the forecast for Saturday (May 28, 2022)...

Published 28 May, 2022 05:11am

Beijing says Blinken speech ‘smears China’

BEIJING: China’s foreign ministry on Friday accused US Secretary of State Antony Blinken of “smearing” the...

Published 28 May, 2022 05:11am

Chinese loans to Africa could spark crisis, warns Germany

FRANKFURT: China’s years-long lending spree in poorer countries, particularly in Africa, poses a “serious...

Published 28 May, 2022 05:11am

USA

Higher cost of US cancer care doesn’t improve survival rates: study

WASHINGTON: The United States spends twice as much on cancer care as the average high-income country, but gets only...

Published 28 May, 2022 05:11am

Iran Revolutionary Guards say seized two Greek tankers in Gulf

TEHRAN: Iran’s Revolutionary Guards seized two Greek oil tankers in the Gulf Friday, days after Athens confirmed ...

Published 28 May, 2022 05:11am

Europe

Dozen journalists held in Ethiopia crackdown

NAIROBI: At least a dozen journalists have been detained in a wave of arrests in Ethiopia, media workers and a ...

Published 28 May, 2022 05:11am

White House welcomes Fiji to its Indo-Pacific economic plan

WASHINGTON: Fiji is joining US President Joe Biden’s Indo-Pacific Economic Framework (IPEF), the White House said...

Published 28 May, 2022 05:11am

Asia

Seven Indian troops killed in accident near disputed border

OCCUPIED SRINAGAR: At least seven Indian soldiers were killed and 19 others injured in a road accident in the remote...

Published 28 May, 2022 05:11am

USA

US buys more Stingers after missiles’ success in Ukraine

WASHINGTON: The US Army has signed a deal to buy $687 million worth of anti-aircraft Stinger missiles to replenish...

Published 28 May, 2022 05:11am

Two mountaineers killed in Swiss Alps

VERBIER, (Switzerland): A Frenchwoman and a Spaniard were killed and nine other mountaineers were injured Friday in...

Published 28 May, 2022 05:11am

Pakistan Navy War College holds 51st convocation

LAHORE: The Convocation ceremony of 51st Pakistan Navy Staff Course was held at Pakistan Navy War College (PNWC),...

Published 28 May, 2022 05:11am

Sixth case of wild polio reported in North Waziristan

ISLAMABAD: Two more wild polio cases have been confirmed from North Waziristan, leaving young boy and a girl...

Published 28 May, 2022 05:11am

Shura-e-Hamdard discusses ‘Changing political trends and foreign policy’

KARACHI: The monthly meeting of Shura-e-Hamdard Karachi was held yesterday on the topic of “Changing political...

Published 28 May, 2022 05:11am

Wah Engineering College organises job fair

WAH CANTT: Wah Engineering College, University of Wah organised 11th Open House & Job Fair on 12 May. Engr...

Published 28 May, 2022 05:11am

Policy rate and oil subsidy — I

In its latest Monetary Policy Statement (MPS), released a few days ago, State Bank of Pakistan (SBP) raised policy...

Published 28 May, 2022 05:11am

Criticality of business enabling environment

‘Business by the businessmen alone. There is little room for bureaucracy and politics in it’. This is the basic...

Published 28 May, 2022 05:11am

Youm-e-Takbeer: the day Pakistan’s defence was made impregnable

May 28 is the special day for Pakistan, Pakistan Atomic Energy Commission (PAEC) and the public at large. On this...

Published 28 May, 2022 05:11am

No slump for pump and dump cryptocurrency gangs

In a sleepy corner of the crypto-economy, the value of an obscure coin called Enzyme was tumbling downwards along...

Published 28 May, 2022 05:11am

Pilot study held on urban resilience of informal communities

KARACHI: UNDP Pakistan, in collaboration with the Institute of Business Administration (IBA) Karachi, has initiated ...

Published 28 May, 2022 05:11am

IBA CEIF organising WIFF 2022

KARACHI: The IBA Karachi’s Centre for Excellence in Islamic Finance (IBA CEIF) is organising World Islamic Finance...

Published 28 May, 2022 05:11am

PC thanks supporters after tragic incident

KARACHI: The management of Pearl-Continental Hotel Karachi is grateful for all the support that it has received from...

Published 28 May, 2022 05:11am

AC grants interim bail to Hafeez Sheikh

KARACHI: Accountability Court Karachi on Friday granted interim bail to former finance minister Hafeez Sheikh in a...

Published 28 May, 2022 05:11am

Cholistan: Severe heat wave impacts vegetation, water resources, livestock

LAHORE: Severe heat wave has impacted the vegetation, water resources and most importantly the livestock in the...

Published 28 May, 2022 05:11am

No Monkeypox case so far reported in region

LAHORE: No case of Monkeypox has been reported in Pakistan, however, precautionary measures have been taken by the...

Published 28 May, 2022 05:11am

JI announces countrywide protest against hike in oil prices

LAHORE: Jamaat-e-Islami Chief Sirajul Haq has announced the countrywide protest demonstration on Sunday against the...

Published 28 May, 2022 05:11am

PCB appoints KPMG Taseer Hadi & Co to conduct club scrutiny

LAHORE: The Pakistan Cricket Board (PCB), as part of his commitment to promote, implement and establish transparency...

Published 28 May, 2022 05:11am

IHC extends order restraining Abbasi to perform duties as SAPM

ISLAMABAD: The Islamabad High Court (IHC) extended its order restraining Pakistan Muslim League–Nawaz (PML-N)...

Published 28 May, 2022 05:11am

Imran visits deceased PTI worker’s house in Mardan

MARDAN: Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Friday visited the deceased PTI worker Syed Ahmed’s...

Published 28 May, 2022 05:11am

Federal capital: Govt imposes ban on entry of ‘violent rallies & protests’

ISLAMABAD: The government has decided to impose a ban on the entry of “violent rallies and protests” into the...

Published 28 May, 2022 05:11am

Only 132 women contesting LG elections in Balochistan

ISLAMABAD: Some 16,195 candidates, with only 132 women, are in contest for local government elections, scheduled...

Published 28 May, 2022 05:11am

Marriyum blames Imran for fuel price hike

ISLAMABAD: Information Minister Marriyum Aurangzeb on Friday held former prime minister Imran Khan responsible for...

Published 28 May, 2022 05:11am

Hajj 2022: All-out efforts being made to bring down expenses, NA told

ISLAMABAD: After facing severe criticism from the masses for projecting government-funded Hajj expenses between Rs...

Published 28 May, 2022 05:11am

Ufone 4G expands female customer base

ISLAMABAD: Ufone 4G is at the forefront to support women’s empowerment in the country, hence, the Pakistani ...

Published 28 May, 2022 05:11am

IHC grants pre-arrest bail to Imaan Mazari

ISLAMABAD: The Islamabad High Court (IHC), Friday, granted pre-arrest bail to lawyer Imaan Zainab Mazari-Hazir in a...

Published 28 May, 2022 05:11am

Famed Pakistani mountaineer Sadpara passes away

...

Published 28 May, 2022 05:11am

Bilawal for resetting strained US-Pakistan ties

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari said on Friday that it is in the best interest of the United...

Published 28 May, 2022 05:11am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (May 27,...

Published 28 May, 2022 05:11am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 28 May, 2022 05:11am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Friday (May 27, 2022)....

Published 28 May, 2022 05:11am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (May 27, 2022). ========================== KIBOR...

Published 28 May, 2022 05:11am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Friday (May 27, 2022). ======================== Offer...

Published 28 May, 2022 05:11am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Friday (May 27, 2022). ======================== Offer...

Published 28 May, 2022 05:11am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Friday (May 27, 2022). ======================== Offer Price 1,199.4022 Bid ...

Published 28 May, 2022 05:11am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Friday (May 27, 2022). ======================== Offer Price 1,580.1096...

Published 28 May, 2022 05:11am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Friday (May 27, 2022). ======================== Offer Price 726.6713...

Published 28 May, 2022 05:11am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Friday (May 27, 2022). ======================== Offer Price...

Published 28 May, 2022 05:11am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Friday (May 27, 2022). ======================== Offer Price 541.0784...

Published 28 May, 2022 05:11am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Friday (May 27, 2022). ======================== Offer Price 541.9842...

Published 28 May, 2022 05:11am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Friday (May 27, 2022). ======================== OFFER PRICE 2,104.3999...

Published 28 May, 2022 05:11am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Friday (May 27, 2022). ======================== OFFER PRICE 382.6338...

Published 28 May, 2022 05:11am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Friday (May 27, 2022). ======================== OFFER PRICE 461.5689...

Published 28 May, 2022 05:11am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Friday (May 27, 2022). ======================== OFFER PRICE 1,548.6205...

Published 28 May, 2022 05:11am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Friday (May 27, 2022). ======================== OFFER PRICE...

Published 28 May, 2022 05:11am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Friday (May 27, 2022). ======================== OFFER PRICE 1,429.1614 BID...

Published 28 May, 2022 05:11am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Friday (May 27, 2022). ======================== OFFER PRICE 983.8774...

Published 28 May, 2022 05:11am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Friday (May 27, 2022). ======================== OFFER PRICE 1,357.6468...

Published 28 May, 2022 05:11am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Friday (May 27, 2022). ======================== OFFER PRICE...

Published 28 May, 2022 05:11am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Friday (May 27, 2022). ======================== OFFER PRICE...

Published 28 May, 2022 05:11am

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 28 May, 2022 05:11am

Rates

Clearing Schedule for T+2 System

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

Published 28 May, 2022 05:11am

Rates

Proposed right issues

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

Published 28 May, 2022 05:11am

Stocks

Last date of renunciation/payment

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

Published 28 May, 2022 05:11am

Rates

Dividend/Bonus Announcements

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

Published 28 May, 2022 05:11am

Rates

BOARD MEETINGS

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

Published 28 May, 2022 05:11am

Stocks

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

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

Published 28 May, 2022 05:11am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (May 27, 2022). ==================================== BR...

Published 28 May, 2022 05:11am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 28 May, 2022 05:11am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Friday (May 27, 2022)....

Published 28 May, 2022 05:11am

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 28 May, 2022 05:11am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (May 27, 2022)....

Published 28 May, 2022 05:11am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (May 27, 2022)....

Published 28 May, 2022 05:11am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (May 27, 2022). ======================== Open Bid Rs...

Published 28 May, 2022 05:11am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 27, 2022)....

Published 28 May, 2022 05:11am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Friday (May 27, 2022). ======================================= Offset Paper...

Published 28 May, 2022 05:11am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Friday (May 27, 2022)...

Published 28 May, 2022 05:11am

Rates

LME official prices

LONDON: The following were Thursday official prices. ========================================= ALUMINIUM...

Published 28 May, 2022 05:11am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 108,913 tonnes of cargo comprising 80,456 tonnes of import cargo and 28,457...

Published 28 May, 2022 05:11am

Energy

Gasoil cracks post first weekly rise

SINGAPORE: Asian refining margins for 10 ppm gasoil climbed for a fourth straight session on Friday, posting their...

Published 28 May, 2022 05:11am

Letters

Govt needs to go beyond raising prices of POL products

The incumbent government has injected a measure of clarity into its approach to myriad economic challenges facing ...

Published 28 May, 2022 05:11am

Partly Facetious: …negotiate deals as if you were strangers to each other

“A deal or no deal?” “There is a German proverb; it is better to deal with a whole fool than half a ...

Published 28 May, 2022 05:11am

Rates

Stocks jump after govt scraps fuel price freeze

KARACHI: Pakistan Stock Exchange on Friday witnessed a long-awaited bull run after the government finally announced...

Published 28 May, 2022 05:11am

AAJ PROGRAM SCHEDULE

Saturday, May 28, 2022 TIMING PROGRAM TITLE 06:00 TARGET 06:25 HEADLINE NEWS 06:30 TARGET 06:55 HEADLINE NEWS ...

Published 28 May, 2022 05:11am

Cotton & Textile

Spot rate influenced by surge in fuel prices

LAHORE: The Spot Rate Committee of the Karachi Cotton Association on Friday increased the spot rate by Rs 500 per...

Published 28 May, 2022 05:11am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 27, 2022)....

Published 28 May, 2022 05:11am

Commodities

Iron ore bounces off one-week low on China stimulus hopes

MANILA: Iron ore prices rose on Friday, recovering from one-week lows hit in the previous session, as traders ...

Published 28 May, 2022 05:11am

Commodities

‘Global 2021/22 sugar supply balance forecast flips’

NEW YORK: The International Sugar Organization (ISO) has revised its projection for the global 2021/22 sugar supply...

Published 28 May, 2022 05:11am

Commodities

Asia Gold: Discounts in India widen

BENGALURU/MUMBAI: Gold discounts widened in India this week as demand faltered due to rise in prices, while demand ...

Published 28 May, 2022 05:11am

Commodities

BD to cancel wheat import tender

DHAKA: Bangladesh is scrapping an international tender to import 50,000 tonnes of wheat as it received only one ...

Published 28 May, 2022 05:11am

Commodities

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 15.387...

Published 28 May, 2022 05:11am

Energy

Tight supply outlook drives VLSFO to new high

SINGAPORE: Cash differentials for Asia’s 0.5% VLSFO climbed for a third consecutive day to reach a new record-high...

Published 28 May, 2022 05:11am

Energy

Asia’s naphtha margin turns negative

NEW DELHI: Asia’s naphtha refining profit margin on Friday turned negative, for the first time since April 2020...

Published 28 May, 2022 05:11am

Energy

Oil edging higher supported by the prospect of a tight market

HOUSTON: Oil prices edged higher on Friday supported by the prospect of a tight market due to rising gasoline...

Published 28 May, 2022 05:11am

Commodities

Gold prices set for second weekly gain as dollar, yields slip

LONDON: Gold prices edged up on Friday and were headed for a second consecutive weekly gain propped up by a pullback...

Published 28 May, 2022 05:11am

Commodities

Copper breaks three days of losses on China hopes and weak dollar

LONDON: Copper prices rebounded on Friday, breaking three days of losses on a weaker dollar and hopes for a recovery...

Published 28 May, 2022 05:11am

Energy

India’s GAIL open to buying Russian oil and gas assets

NEW DELHI: India’s largest gas transmitter GAIL is open to buying Russian oil and gas assets shunned by Western...

Published 28 May, 2022 05:11am

Energy

Russia sends record volumes of oil to India, China

KARACHI: While Europe shuns Russian oil amid sanctions and expectations of an oil embargo on Russian oil imports,...

Published 28 May, 2022 05:11am

Bankrupt Sri Lanka takes Russia oil as fuel crisis persists

Energy

PTI Punjab condemns hike in oil prices

LAHORE: The Pakistan Tehreek-e-Insaf (PTI) Punjab senior leaders on Friday condemned the increase in the prices of...

Published 28 May, 2022 05:11am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	281.13
USD PKR Interbank Buying / May 2	280.93
USD to Japanese Yen / May 2	144.96
USD to Swiss Franc / May 2	0.83
Pound Sterling to USD / May 2	1.33
Euro to USD / May 2	1.13
UK LIBOR % / May 2	4.96

Stock	Volume
S&P 500 / May 2	5,686.67
India Sensex / May 2	80,501.99
Tokyo Nikkei / May 2	36,830.69
Nasdaq / May 2	17,977.73
Hang Seng / May 2	22,504.68
FTSE 100 / May 2	8,596.35
Dow Jones / May 2	41,317.43
Germany DAX 30 / May 2	22,086.65
France CAC40 / May 2	7,770.48

Item	Value
Crude Oil USD/Barrel / May 2	58.29
Karachi Cotton PKR/37.32 KG / May 2	16,985
Gold 10 Grams PKR / May 2	295,353
Gold Spot USD/Ounce / May 2	3,240.49
Cotton US¢/pound / May 2	68.41
Petrol/Litre / May 5	252.63
Diesel/Litre / May 5	256.64

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / May 2 Kohinoor Power Company Limited(KOHP)	6.50 ▲ 0.9 (16.07%)
Dewan Mushtaq / May 2 Dewan Mushtaq Textile Mills Limited(DMTM)	7.96 ▲ 1 (14.37%)
Amtex Ltd / May 2 Amtex Limited(AMTEX)	2.63 ▲ 0.33 (14.35%)
Sally Textile / May 2 Sally Textile Mills Limited(SLYT)	9.14 ▲ 0.99 (12.15%)
First IBL Mod. / May 2 First IBL Modaraba(FIBLM)	3.13 ▲ 0.33 (11.79%)
Gulshan Sp. / May 2 Gulshan Spinning Mills Limited(GSPM)	3.34 ▲ 0.34 (11.33%)
Parmount Sp. / May 2 Paramount Spinning Mills Limited(PASM)	3.39 ▲ 0.34 (11.15%)
Hascol Petrol / May 2 Hascol Petroleum Limited(HASCOL)	9.98 ▲ 1 (11.14%)
First Elite Cap.Mod / May 2 First Elite Capital Modaraba(FECM)	13.95 ▲ 1.27 (10.02%)
Lalpir Power / May 2 Lalpir Power Limited(LPL)	23.51 ▲ 2.14 (10.01%)

Stock	Price
Pak Gen.Ins. / May 2 The Pakistan General Insurance Co. Ltd.(PKGI)	7.86 ▼ -0.88 (-10.07%)
Jubilee Spinning / May 2 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	11.43 ▼ -1.27 (-10%)
Zephyr Textile / May 2 Zephyr Textiles Limited(ZTL)	11.37 ▼ -1.12 (-8.97%)
Popular Islamic / May 2 Popular Islamic Modaraba(PIM)	13.02 ▼ -1.16 (-8.18%)
Calcorp Ltd / May 2 Calcorp Limited(CASH)	38.41 ▼ -3.08 (-7.42%)
D.S. Ind. Ltd. / May 2 D.S. Industries Limited(DSIL)	5.02 ▼ -0.34 (-6.34%)
Dewan Textile / May 2 Dewan Textile Mills Limited(DWTM)	5 ▼ -0.3 (-5.66%)
Imperial Limited / May 2 Imperial Limited(IML)	15 ▼ -0.87 (-5.48%)
Shahmurad Sugar / May 2 Shahmurad Sugar Mills Limited(SHSML)	360.51 ▼ -20.54 (-5.39%)
Habib Rice Products / May 2 Habib Rice Product Limited(HRPL)	30.23 ▼ -1.57 (-4.94%)

Stock	Volume
Sui South Gas / May 2 Sui Southern Gas Company Limited(SSGC)	29,319,891 ▲ 2.98
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	27,367,683 ▲ 0.02
B.O.Punjab / May 2 The Bank of Punjab(BOP)	20,836,529 ▲ 0.57
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,766,764 ▲ 0.02
Maple Leaf Cement / May 2 Maple Leaf Cement Factory Limited(MLCF)	13,169,594 ▲ 2.39
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	11,631,669 ▲ 0.02
Fauji Cement / May 2 Fauji Cement Company Limited(FCCL)	11,208,268 ▲ 0.63
Sui North Gas / May 2 Sui Northern Gas Pipelines Limited(SNGP)	10,934,032 ▼ -0.95
At-Tahur Ltd. / May 2 At-Tahur Limited(PREMA)	10,647,030 ▲ 1.92
D.G.K.Cement / May 2 D.G. Khan Cement Company Limited(DGKC)	9,605,968 ▲ 8.33

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