News Archives for Print - 2022-06-11

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Print - 2022-06-11

10pc Regulatory Duty imposed on MS import

The Finance Bill proposes to add various penalties for unauthorized access to information

Updated 11 Jun, 2022 10:14am

Jul-Mar period: Outstanding govt guarantees stand at $6.06 billion

ISLAMABAD: The government of Pakistan’s outstanding guarantees stood at $ 6.066 billion during the first three...

Updated 11 Jun, 2022 10:21am

Budget: initial impression

Initial impression suggests that the budget is a mix of austerity and election year spending. The thought process...

Published 11 Jun, 2022 06:41am

A budget amid economic impasse

The overarching objective of the budget is not pro-poor, an acute political compulsion today with 13.8 percent...

Published 11 Jun, 2022 06:41am

FED on cigarettes and air travel enhanced

ISLAMABAD: The Federal Board of Revenue (FBR) has raised the Federal Excise Duty (FED) on cigarettes and air travel...

Published 11 Jun, 2022 06:41am

Rates

Stocks climb in thin trade

KARACHI: Pakistan Stock Exchange Friday witnessed rangebound activities and closed on a positive note with low...

Published 11 Jun, 2022 06:41am

Rs 96 billion to be generated via sell-off proceeds

ISLAMABAD: The federal government has budgeted to generate Rs96 billion from the privatisation proceeds in the...

Published 11 Jun, 2022 06:41am

Subsidies slashed by record 54pc

ISLAMABAD: The federal government has budgeted a decline in subsidies by 54 percent - from the revised figure for ...

Published 11 Jun, 2022 06:41am

Lower income salaried class gets tax relief

ISLAMABAD: A major relief has been provided to the lower income salaried class taxpayers by increasing the basic tax...

Published 11 Jun, 2022 06:41am

Rs440bn taxation measures taken

ISLAMABAD: The government has taken taxation measures of Rs440 billion and enforcement measures of Rs200 billion in...

Published 11 Jun, 2022 06:41am

Mobile phones’ import: New levy of up to Rs16,000 proposed

ISLAMABAD: A new levy of up to Rs16,000 has been proposed on the import of mobile phone handsets and increased...

Published 11 Jun, 2022 06:41am

Inclusive of Super Tax: Tax on banking sector to go up to 45pc

KARACHI: The federal government has proposed to increase the tax rate for banking sector, ie, from 39 percent to 45...

Published 11 Jun, 2022 06:41am

Supplies to unregistered persons: CNIC condition waived

ISLAMABAD: The government through Finance Bill 2022 has withdrawn the condition to provide information of the...

Published 11 Jun, 2022 06:41am

BISP allocation raised by 40pc to Rs364bn

ISLAMABAD: The federal government’s budget allocation under Benazir Income Support Programme (BISP) has seen an...

Published 11 Jun, 2022 06:41am

PML(N)-led govt seeks to turn economic wounds into budgetary wisdom

ISLAMABAD: Finance Minister Miftah Ismail Friday presented Rs9,502 billion budget for the next fiscal year with 4.9...

Published 11 Jun, 2022 06:40am

FPCCI describes budget as ‘apparently satisfactory’

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday said the proposed budget for...

Updated 11 Jun, 2022 10:11am

1.5pc dip: Education gets Rs90.556bn

ISLAMABAD: The government has earmarked Rs 90.556 billion for Education Affairs and Services in the federal budget...

Updated 11 Jun, 2022 10:19am

IK says budget based on unrealistic assumptions

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) chairman and ex-prime minister Imran Khan on Friday rejected the budget ...

Updated 11 Jun, 2022 10:11am

Huge protests in Asia over BJP spokeswoman’s remarks

DHAKA: Muslims took to the streets in huge protests around Asia after Friday prayers, sparked by remarks about the...

Updated 11 Jun, 2022 10:07am

Finance Bill laid before Senate amid opposition’s protest

ISLAMABAD: Amidst strong protest by the opposition, Finance Minister Miftah Ismail, Friday, laid a copy of the...

Updated 11 Jun, 2022 10:08am

Charitable hospitals’ supplies get ST relief

ISLAMABAD: The federal government has restored the exemption of general sales tax on local supplies to charitable...

Updated 11 Jun, 2022 10:21am

455pc hike in PL proposed

ISLAMABAD: Reliance on petroleum levy (PL) has been proposed to be raised by 455 percent in federal budget 2022-23...

Updated 11 Jun, 2022 10:08am

Gas companies: Ogra reduces LNG rates

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Friday notified a reduction in new prices for LNG ...

Published 11 Jun, 2022 06:40am

A pragmatic budget

Caught between a rock (IMF) and a hard place (popularity), the commodity super cycle and devaluation came to the...

Published 11 Jun, 2022 06:40am

India’s permanent membership of UNSC: FO rejects reports about Pakistan nod

ISLAMABAD: Foreign Office on Friday dismissed as “baseless” reports that Pakistan allegedly agreed to India’s...

Published 11 Jun, 2022 06:40am

PTI leaders: Fawad concerned over issuance of non-bailable arrest warrants

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry on Friday expressed concerns over the issuance of...

Published 11 Jun, 2022 06:40am

Secretariats: NA speaker, Senate chairman to cut fuel expenditure by 40pc

ISLAMABAD: The Speaker of National Assembly and Senate chairman have decided to reduce the fuel expenditure of their...

Published 11 Jun, 2022 06:40am

ECP issues new schedule for 2nd phase of LG polls in Sindh

ISLAMABAD: The Election Commission of Pakistan (ECP) on Friday issued a fresh schedule for the second phase of local...

Published 11 Jun, 2022 06:40am

Masjid-e-Nabwi incident: IHC extends bail of PTI leaders

ISLAMABAD: The Islamabad High Court (IHC) extended protective bail of Pakistan Tehreek-e-Insaf (PTI) leaders Fawad...

Published 11 Jun, 2022 06:40am

Govt to provide solar panels in Gwadar

ISLAMABAD: In a step toward resolving the electricity problems in Balochistan, especially in Gwadar, the federal...

Published 11 Jun, 2022 06:40am

Musharraf gravely ill, says family

ISLAMABAD: Former military strongman Pervez Musharraf was gravely ill in Dubai, his office said on Friday, warning...

Published 11 Jun, 2022 06:40am

Coronavirus kills another two in country

ISLAMABAD: Pakistan after a gap of several days has recorded two coronavirus deaths and 72 infections during the ...

Published 11 Jun, 2022 06:40am

Need stressed for giving Karachi proper tree cover

KARACHI: Wastewater recycling systems should immediately be introduced in Karachi to increase green cover without...

Published 11 Jun, 2022 06:40am

PHHSA lauds withdrawal of 17pc ST on seeds, agri machinery

LAHORE: Hybrid seed industry and growers’ organisations have welcomed the budget proposal of withdrawing the 17...

Published 11 Jun, 2022 06:40am

Rs1bn earmarked for film industry’s growth

ISLAMABAD: The government has set aside Rs1 billion for the “Binding Film Finance Fund” for National Film...

Published 11 Jun, 2022 06:40am

Rs1813.8m set aside for Law & Justice Division’s schemes

ISLAMABAD: Law and Justice Division’s ongoing and new schemes have been earmarked Rs 1813.8 million for next ...

Published 11 Jun, 2022 06:40am

FCCI terms federal budget balanced

FAISALABAD: President Faisalabad Chamber of Commerce & Industry (FCCI), Atif Munir Sheikh has termed Federal...

Published 11 Jun, 2022 06:39am

OMCs: Zero PDCs budgeted for 2022-23

ISLAMABAD: The federal government has budgeted zero Price Differential Claims (PDCs) for next financial year 2022-23...

Published 11 Jun, 2022 06:39am

Business community of KP assails budget, calling it ‘disappointing’

PESHAWAR: Business community here on Friday said the present federal coalition government presented an IMF-dictated...

Published 11 Jun, 2022 06:39am

Rs2.85bn set aside for MoI&P schemes under PSDP

ISLAMABAD: The government has earmarked Rs2.85 billion for the completion of various developmental schemes related ...

Published 11 Jun, 2022 06:39am

Public Sector Development Programme 2022-23: Rs32.65bn allocated to Railways projects

ISLAMABAD: The government has earmarked Rs32.65 billion under the Public Sector Development Programme 2022-23 for...

Published 11 Jun, 2022 06:39am

Interior Division: Rs9.09bn earmarked under PSDP for fiscal year 2022-23

ISLAMABAD: The government has earmarked a sum of Rs 9.09 billion for Interior Division for fiscal year 2022-23 under...

Published 11 Jun, 2022 06:39am

Russian envoy hopes bilateral trade volume to rebound soon

KARACHI: The Consul General of Russian Federation in Karachi, Andrey Viktorovich Fedorov, has said that total volume...

Published 11 Jun, 2022 06:15am

Mian Zahid terms PES ‘encouraging’

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum,...

Published 11 Jun, 2022 06:15am

Dr Aamir Liaquat laid to rest

KARACHI: Renowned Islamic scholar and popular TV anchor Dr Aamir Liaquat Hussain was laid to rest in the compound of...

Published 11 Jun, 2022 06:15am

Canals, residential areas: Govt to take action against elements dumping waste

KARACHI: Sindh government has decided to take action against elements involved in dumping domestic, industrial and...

Published 11 Jun, 2022 06:15am

Small traders term budget ‘IMF’s financial plan’

KARACHI: Small traders on Friday called the federal fiscal budget 2022-23 as “IMF’s financial plan”, saying...

Published 11 Jun, 2022 06:15am

Child mortality rate down in Sindh: CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Friday said that his government, with its focused efforts on...

Published 11 Jun, 2022 06:15am

‘Foreign Security Cell’ at CPO: Sindh CM reviews action plan for security of Chinese

KARACHI: The Sindh government, in order to register data of foreign nationals, particularly the Chinese, and provide...

Published 11 Jun, 2022 06:15am

PTI’s May 26 ‘Azadi March’: Police, spy agencies submit reports to SC

ISLAMABAD: Former prime minister Imran Khan was informed about the Supreme Court’s order that the Pakistan...

Published 11 Jun, 2022 06:15am

Management of 3 trains given to private sector

LAHORE: The Pakistan Railways has outsourced commercial management of three more passenger trains including Tezgam...

Published 11 Jun, 2022 06:14am

Derogatory remarks by BJP officials: Bilawal urges UN GA to take cognisance of abhorrent development

ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari on Friday took up with President of UN General Assembly Abdulla...

Published 11 Jun, 2022 06:14am

Opposition benches look deserted in NA

ISLAMABAD: In an unusual sight, the opposition benches in the National Assembly on Friday presented a deserted look...

Published 11 Jun, 2022 06:14am

Development of South Punjab top priority: governor

LAHORE: Punjab Governor Muhammad Baligh-ur-Rehman has said that the development of south Punjab was one of the...

Published 11 Jun, 2022 06:14am

Pakistan, speaking for G77/China, urges accelerated steps for recovery in Covid-hit countries

KARACHI: Pakistan, speaking on behalf of Group of 77 (developing countries) and China, has called for boosting...

Published 11 Jun, 2022 06:14am

FBR releases Tax Expenditure Report 2022

ISLAMABAD: The Federal Board of Revenue (FBR) on Friday released the Tax Expenditure Report 2022, revealing that the...

Published 11 Jun, 2022 06:14am

Swiss ambassador visits AKU

KARACHI: The Swiss Ambassador to Pakistan and Afghanistan Bénédict de Cerjat visited the academic and health care...

Published 11 Jun, 2022 06:14am

LHC directs police not to harass Zehra’s in-laws

LAHORE: The Lahore High Court on Friday restrained police from causing any harassment to in-laws of Dua Zehra who...

Published 11 Jun, 2022 06:14am

Post office building at UAF

FAISALABAD: The University of Agriculture, Faisalabad and Pakistan Post inked an agreement for the establishment of...

Published 11 Jun, 2022 06:14am

Lumpy skin disease: Punjab Livestock dept seeks World Bank’s assistance

LAHORE: Livestock and Dairy Development Department (L&DDD) Punjab has expressed its desire to seek technical...

Published 11 Jun, 2022 06:14am

PM congratulates Miftah on ‘balanced, pro-people budget’

Karachi: Prime Minister Shehbaz Sharif on Friday congratulated Federal Minister for Finance Miftah Ismail and his...

Published 11 Jun, 2022 06:14am

Economy and national security

The fragile state economy of the country is worrisome and has distressed all segments of society and pillars of ...

Published 11 Jun, 2022 06:14am

UK minister denies billions wasted over rising interest rates

LONDON: A British minister on Friday denied a claim that the Treasury’s decision not to insure against Bank of...

Published 11 Jun, 2022 06:13am

UK banks no longer ‘too big to fail’: BoE

LONDON: Britain’s biggest banks are no longer “too big to fail” in any future financial shocks, with...

Published 11 Jun, 2022 06:13am

Middle East

Eight Iran convicts face ‘imminent’ finger amputation

PARIS: Eight Iranian men convicted of theft and held outside Tehran are in imminent risk of having their fingers cut...

Published 11 Jun, 2022 06:13am

Pope postpones Africa visit over knee problem

VATICAN CITY: Pope Francis has postponed his upcoming trip to the Democratic Republic of Congo and South Sudan due ...

Published 11 Jun, 2022 06:08am

Europe

EU takes first step on thorny asylum reform

LUXEMBOURG: The European Union’s long-stalled efforts to reform its asylum policy got a small breakthrough Friday...

Published 11 Jun, 2022 06:08am

ATC allows bail to Yasmin Rashid, 13 others

LAHORE: The Anti Terrorism Court (ATC) on Friday allowed pre-arrest bail to Pakistan Tehreek-e-Insaf (PTI) Punjab...

Published 11 Jun, 2022 06:08am

Budgets

Food ministry’s allocation cut by 15.7pc to Rs10.129bn

ISLAMABAD: The government has allocated Rs10,129.134 million for Ministry of National Food Security and Research...

Published 11 Jun, 2022 06:08am

Foreign aid estimated at Rs3.166trn

ISLAMABAD: The government has estimated foreign assistance of Rs 3.166 trillion for 2022-23 including Rs 1.389...

Published 11 Jun, 2022 06:08am

Commodities

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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

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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