News Archives for Print - 2022-07-09

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Print - 2022-07-09

Energy conservation: Alvi for emulating ‘Green Presidency Initiative’

ISLAMABAD: President Dr Arif Alvi on Friday expressed satisfaction over the measures taken at the Aiwan-e-Sadr to...

Published 09 Jul, 2022 03:57am

Award of infrastructure projects: NHA Board approves amendments in pre-qualification procedure

ISLAMABAD: The National Highways Authority (NHA) Executive Board approved amendments in the pre-qualification...

Published 09 Jul, 2022 03:57am

President’s concern for media ‘subjective’, says Rabbani

ISLAMABAD: A Pakistan Peoples Party (PPP) senator said all Pakistani citizens are equal before the law and President...

Published 09 Jul, 2022 03:57am

Relationship of master, servant not meant for mere exploitation: SC

ISLAMABAD: The Supreme Court declared that the relationship of master and servant is not meant for mere ...

Published 09 Jul, 2022 03:57am

Indonesian envoy meets PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday said Pakistan and Indonesia were committed to work together to...

Published 09 Jul, 2022 03:57am

ECP terms Imran’s allegations against CEC ‘baseless’

ISLAMABAD: The Election Commission of Pakistan (ECP) on Friday termed the Pakistan Tehreek-e-Insaf (PTI) Chairman ...

Published 09 Jul, 2022 03:57am

Neither govt nor ‘establishment’ wants free, fair elections: IK

ISLAMABAD: The flamboyant former prime minister and Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan Friday...

Published 09 Jul, 2022 03:57am

KP CM agrees to upgrade PFI

PESHAWAR: KP Chief Minister Mehmood Khan has agreed in principle to the proposal regarding up-gradation of Pakistan...

Published 09 Jul, 2022 03:57am

Shehbaz pays tribute to Burhan Wani

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday termed martyred Kashmiri youth Burhan Muzaffar Wani as a symbol ...

Published 09 Jul, 2022 03:57am

By-polls in Punjab: Umar sees difficult situation if ECP acts as ‘silent spectator’

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Secretary-General Asad Umar warned on Friday that the situation in the...

Published 09 Jul, 2022 03:57am

Rana Jabbar assumes charge as acting NTDC MD

LAHORE: In pursuance of the Ministry of Energy (Power Division) notification, Engr Dr Rana Abdul Jabbar Khan has...

Published 09 Jul, 2022 03:57am

High prices slowdown sales at livestock markets

LAHORE: Just two days into the Eid-ul-Azha, the people have rushed to the cattle markets to buy sacrificial animals,...

Published 09 Jul, 2022 03:57am

CM for forming special body at UC level to monitor dengue

LAHORE: Punjab Chief Minister Hamza Shehbaz has directed constitution of special committees at Union Council level,...

Published 09 Jul, 2022 03:57am

By-polls on 17th: Elahi confident of winning all seats

LAHORE: Speaker Punjab Assembly Chaudhry Parvez Elahi has said that PTI and PML are jointly preparing for...

Published 09 Jul, 2022 03:57am

NBP extends support to blind cricket council

KARACHI: In order to promote inclusion and diversity in sports in the country, the National Bank of Pakistan (NBP)...

Published 09 Jul, 2022 03:57am

More rains during Eid days

KARACHI: The Met Office has forecast a countrywide rainy spell for Eid-ul-Azha on July 10, Sunday, advising the...

Published 09 Jul, 2022 03:57am

Climate change major threat to security: Mian Zahid

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

Published 09 Jul, 2022 03:57am

US official visits NICK

KARACHI: As part of his July 6-9 trip to Karachi, US Department of State Special Representative (S/R) for Commercial...

Published 09 Jul, 2022 03:57am

KMC cancels Eid-ul-Azha prayer at Polo Ground

KARACHI: The Karachi Metropolitan Corporation (KMC) has cancelled the Eid-ul-Azha prayers at the Polo Ground in view...

Published 09 Jul, 2022 03:57am

PTCL to provide ICT services to DHA Phase-VIII Karachi

KARACHI: Pakistan Telecommunication Company Limited (PTCL) is set to provide ICT services to Defence Housing...

Published 09 Jul, 2022 03:57am

Edhi remembered

KARACHI: The 6th death anniversary of prominent philanthropist and humanitarian Abdul Sattar Edhi was observed on...

Published 09 Jul, 2022 03:57am

Country heading towards default, says Tarin

KARACHI: Ex-finance minister Shaukat Tarin said the country is heading towards default, which may compromise its...

Published 09 Jul, 2022 03:57am

Political woes and economic funk mean few takers for British assets

A potent mix of weak growth, high inflation, and a new bout of political instability means no respite in sight for...

Published 09 Jul, 2022 03:57am

China: a strong manufacturing and cyberspace country

(—Fourth part of the “China in the past decade” series) Since the 18th National Congress of the Communist ...

Published 09 Jul, 2022 03:57am

New IMF precondition

Strengthening of the anti-corruption institutional mechanism is said to be a new International Monetary Fund (IMF)...

Published 09 Jul, 2022 03:57am

Letters

Country’s true export potential

The IMF official based in Islamabad has explained how country can realize its true export potential. According to...

Published 09 Jul, 2022 03:57am

ZU holds interactive debate on economic problems, solutions

KARACHI: Ziauddin University presented the 13th interactive series of ZU Dialogues, on “Pakistan’s Economic...

Published 09 Jul, 2022 03:57am

PM extends condolences to Japan

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday extended condolences to the government and people of Japan on the...

Published 09 Jul, 2022 03:57am

Bilawal, LCCI for economic diplomacy

LAHORE: Foreign Minister Bilawal Bhutto Zardari has agreed with the Lahore Chamber of Commerce & Industry that...

Published 09 Jul, 2022 03:57am

6th martyrdom anniversary of Burhan Wani observed

MIRPUR (AJK): Mass public rallies across Azad Jammu & Kashmir and in various parts of Indian Illegally Occupied...

Published 09 Jul, 2022 03:57am

Energy

Oil rises 2pc but set for weekly loss amid recession fears

NEW YORK: Oil prices rose about 2% in volatile trade on Friday but were still heading for a weekly decline as ...

Published 09 Jul, 2022 03:57am

Stocks

Wall St slides as strong jobs data fuels rate hike worries

NEW YORK: Wall Street’s main indexes slipped on Friday after stronger-than-expected jobs data fueled expectations...

Published 09 Jul, 2022 03:57am

Rates

LME official prices

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

Published 09 Jul, 2022 03:57am

The Weather

KARACHI: The weather report on Friday (July 08, 2022) and the forecast for Saturday (July 09, 2022)...

Published 09 Jul, 2022 03:57am

Public Finance Management Act: Release of recurrent funds: FD unveils strategy

ISLAMABAD: The Finance Division has issued a strategy for the release of recurrent funds for the fiscal year 2022-23...

Updated 09 Jul, 2022 09:38am

Country reports 19 more deaths in 24 hours: NDMA

ISLAMABAD: The National Disaster Management Authority (NDMA) has reported 19 more deaths and 10 injuries owing to...

Updated 09 Jul, 2022 09:27am

Parts of Karachi flooded as rains lash city

KARACHI: Rains continued to wreak havoc on the city life on Friday as well as different roads and streets remained...

Updated 09 Jul, 2022 09:29am

Thar coal power project: PPIB approves extension of financial closing date

ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has approved extensions in Financial Closing (FC)...

Updated 09 Jul, 2022 09:38am

GST exemption to pharma industry costs FBR over Rs101bn

ISLAMABAD: The Federal Board of Revenue (FBR) has calculated a revenue loss of over Rs101 billion on account of...

Updated 09 Jul, 2022 09:30am

ECC informed about the ‘benefit’ of proposed move: Hike in gas tariffs likely to yield Rs666bn revenue

Surplus revenue of Rs120 billion to be adjusted by OGRA during review of prices of SNGPL, SSGC

Updated 09 Jul, 2022 09:40am

Billions of people rely on wild species for food, fuel, income: UN

PARIS: Rampant exploitation of nature is a threat to the well-being of billions of people across the world who rely...

Updated 09 Jul, 2022 09:26am

World food prices fell in June but remain very high: FAO

PARIS: World food prices, including for wheat, fell in June for a third month running despite remaining near an...

Updated 09 Jul, 2022 09:26am

IK says has no disagreements with ‘neutrals’

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan Friday said that he had no disagreements with the...

Updated 09 Jul, 2022 09:37am

PTI releases ‘report card’ on PDM govt’s performance

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Friday released a “report card on 90 days performance” of the Pakistan...

Updated 09 Jul, 2022 09:28am

Technical / strength evaluation of jetty: FOTCO asked to submit afresh its proposal

ISLAMABAD: Port Qasim Authority (PQA) has directed Fauji Terminal and Distribution Company Ltd (FOTCO) to submit...

Updated 09 Jul, 2022 09:37am

SECP changes definition of ‘paying agent’

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has changed the definition of the “paying...

Published 09 Jul, 2022 03:57am

PSX-KMI All Share Islamic Index recomposed

KARACHI: Pakistan Stock Exchange Limited has carried out the exercise of re-composition of PSX-KMI ALL SHARE ISLAMIC...

Published 09 Jul, 2022 03:57am

Filing of documents: SECP fixes a huge fee for companies

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has fixed a huge fee for filing, registering or...

Published 09 Jul, 2022 03:57am

3,400 taxpayers in Sindh: FBR probes data capturing scam

LAHORE: The Federal Board of Revenue (FBR) is investigating a scam of data capturing of some 3,400 taxpayers in ...

Published 09 Jul, 2022 03:57am

Indian SC grants bail to journalist but detention to continue

NEW DELHI: India’s top court granted bail on Friday to a Muslim journalist accused of insulting Hindu religious...

Published 09 Jul, 2022 03:57am

Commodities

Agricultural inputs: High prices cause 45-65pc decline in crops’ output: AFP

LAHORE: The Agri Forum Pakistan (AFP) has claimed that prices of agricultural inputs such as diesel, electricity,...

Published 09 Jul, 2022 03:57am

Money & Banking

JS Investments launches JS Rental REIT fund

KARACHI: JS Investments, Pakistan’s oldest private sector asset management company and a subsidiary of JS Bank, ...

Published 09 Jul, 2022 03:57am

Money & Banking

PBF rejects hike in policy rate

KARACHI: The Pakistan Businesses Forum (PBF) on Thursday rejected the State Bank of Pakistan’s (SBP) decision of...

Published 09 Jul, 2022 03:57am

Reforming PFF

EDITORIAL: The Federation Internationale de Football Association (FIFA) has announced restoration of Pakistan...

Published 09 Jul, 2022 03:57am

Parliament to oversee TTP talks

EDITORIAL: The behind-the-scene Pakistan military talks with Tehreek Taliban Pakistan (TTP) have been in process for...

Published 09 Jul, 2022 03:57am

Money & Banking

Remittances from overseas workers: BMP urges govt to announce attractive package

LAHORE: As the remittances from overseas workers have started falling and a massive drop of over 25 percent reported...

Published 09 Jul, 2022 03:57am

Industry

FY2021-22: SECP approves names of 41000 new firms

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved around 41,000 new companies’...

Published 09 Jul, 2022 03:57am

Money & Banking

SECP allows various categories of mutual funds to invest in ETFs

ISLAMABAD: In line with the objective of creating a competitive and deep Exchange Traded Funds (ETFs) market, the...

Published 09 Jul, 2022 03:57am

Commodities

Raw sugar prices buoyed by strong demand; cocoa slips

LONDON: Raw sugar futures on ICE rose on Friday, with prices still underpinned by strong physical demand that has...

Published 09 Jul, 2022 03:57am

Commodities

Wheat surges 5pc to one-week high

CHICAGO: Chicago Board of Trade wheat futures soared by more than 5% on Friday to extend a rebound from four-month...

Published 09 Jul, 2022 03:57am

Commodities

Copper steady as softer dollar offsets China demand fears

LONDON: Copper prices steadied on Friday as the positive impact of a weaker dollar on industrial metals consumption...

Published 09 Jul, 2022 03:57am

Money & Banking

Dollar gains, Fed rate hike bets dim gold’s lustre

NEW YORK: Gold was on course to fall for a fourth straight week on Friday, hurt by the dollar’s ascent and as bets...

Published 09 Jul, 2022 03:57am

Commodities

Palm ticks up

KUALA LUMPUR: Malaysian palm oil futures edged higher on Friday for a second consecutive session, as easing ...

Published 09 Jul, 2022 03:57am

Money & Banking

Yuan pressured by risk aversion

SHANGHAI: China’s yuan eased against the dollar on Friday, giving up modest early gains, pressured in part by an...

Published 09 Jul, 2022 03:57am

Money & Banking

Russian rouble recovers past 61 vs dollar after sharp slide

MOSCOW: The Russian rouble strengthened on Friday, heading back past the 61 mark against the dollar and recovering...

Published 09 Jul, 2022 03:57am

Money & Banking

Sterling falls versus dollar

LONDON: Sterling fell against the dollar on Friday as an unfavourable macroeconomic backdrop overshadowed concerns...

Published 09 Jul, 2022 03:57am

Money & Banking

Dollar gains after US payrolls beat forecast

NEW YORK: The US dollar rose on Friday after data showed the world’s largest economy created more jobs than...

Published 09 Jul, 2022 03:57am

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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