News Archives for Print - 2022-07-17

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Print - 2022-07-17

Flood-hit areas: KP’s CM announces Rs200m relief package

TANK: Khyber Pakhtunkhwa (KP) Chief Minister Mahmood Khan on Saturday announced Rs 200 million for the relief and...

Published 17 Jul, 2022 06:21am

PEC secy vows peaceful atmosphere for Punjab by-polls

LAHORE: Provincial Election Commission secretary Umar Hameed Khan said on Saturday that no one would be allowed to...

Published 17 Jul, 2022 06:21am

Country heading towards economic stability: Muqam

PESHAWAR: Adviser to Prime Minister on Political and Public Affairs, and PML-N provincial president Engineer Amir...

Published 17 Jul, 2022 06:21am

Industry

Alvi calls for inclusion of women in economic, industrial sectors

ISLAMABAD: President Dr Arif Alvi said there is a need to create an enabling environment to ensure the participation...

Published 17 Jul, 2022 06:21am

Industry

SECP issues licence to SAFCO Microfinance Company

ISLAMADAD: The Securities and Exchange Commission of Pakistan (SECP) has issued microfinance licence to...

Published 17 Jul, 2022 06:21am

Sindh, Balochistan: Widespread rains with gusty winds predicted

Lasbella, Uthal, Ormara, Pasni, Gwadar, Jiwani, Turbat, Awaran, and Ketch areas may see fresh monsoon rains from July 17 to 18

Updated 17 Jul, 2022 09:58am

Companies

Reduction in POL prices: PIA to reduce domestic fares by 10pc, says minister

KARACHI: Pakistan International Airlines (PIA) will reduce its domestic fares by 10 percent, following the recent...

Published 17 Jul, 2022 06:21am

Energy

Agri Forum welcomes cut in diesel prices

LAHORE: Welcoming the downward revision of diesel prices, Agri Forum Pakistan Chairman Muhammad Ibrahim Mughal has...

Published 17 Jul, 2022 06:03am

ICC Annual Conference in Birmingham: PCB to discuss FTP, strategy on proliferation of T20 franchise competitions

LAHORE: The finalisation of the Future Tours Programme (FTP) and a concrete strategy on the proliferation of T20...

Published 17 Jul, 2022 06:03am

PPP constitutes legal aid committee to monitor Punjab by-polls

LAHORE: The Pakistan Peoples’ Party has constituted a 15-member monitoring and legal aid committee in connection...

Published 17 Jul, 2022 06:03am

Today’s by-elections to decide Punjab CM’s fate

175 candidates competing in 20 constituencies of Punjab with main contest expected between PTI and PML-N

Updated 17 Jul, 2022 09:23pm

Arrangements finalised for Punjab by-polls: Extra security personnel deployed to 676 ‘highly sensitive’ polling stations

Govt deploys military personnel in four constituencies of Lahore and one constituency of Multan at the request of the ECP

Updated 17 Jul, 2022 09:50am

Punjab by-polls: Umar shares PTI strategy with media

ISLAMABAD: Asad Umar, central secretary general Pakistan Tehreek-e-Insaf (PTI) visited Central Secretariat and ...

Published 17 Jul, 2022 06:03am

Pak woman held for crossing LoC

JAMMU: In Indian Illegally Occupied Jammu and Kashmir, a Pakistani woman was arrested by the Indian Army after she...

Published 17 Jul, 2022 06:03am

Country can’t afford weak military, says PTI chairman

Increasing distances between military and the people would be a loss for Pakistan and its armed forces

Updated 17 Jul, 2022 09:23pm

Amendments in accountability law: SC to take up plea of Imran on Tuesday

A three-judge bench, headed by Chief Justice Umar Ata Bandial, will hear the constitutional petition of the PTI chairman

Updated 17 Jul, 2022 09:41am

‘Cost of borrowing also increasing’: Social instability growing due to high energy, food prices: analyst

KARACHI: Social instability is growing in Pakistan due to three major challenges, namely rising energy prices, hike...

Published 17 Jul, 2022 05:19am

PTI condemns arrest of party worker

LAHORE: Pakistan Tehreek-e-Insaf (PTI) central Punjab president Dr Yasmin Rashid and central information secretary...

Published 17 Jul, 2022 05:19am

Ukraine enlists public in push for high-tech ‘Army of Drones’

In an undulating expanse of grassland at the city limits, a pick-up truck kicks up dust as it hurtles downhill, its...

Published 17 Jul, 2022 05:19am

Rattled and uncertain of its future, Twitter stumbles on

Anxious employees, wary advertisers and hamstrung management: Twitter is limping along as it waits to learn how the...

Published 17 Jul, 2022 05:19am

By-elections in Punjab: PTI will grab 16 seats, claims Fawad

LAHORE: Pakistan Tehreek-e-Insaf’s (PTI) senior leader and former federal information minister Fawad Chaudhry said...

Published 17 Jul, 2022 05:19am

Appointment of polling agent: LHC suspends ECP notification

LAHORE: The Lahore High Court on Saturday declared that a polling agent could be appointed from any of the...

Published 17 Jul, 2022 05:19am

Shehbaz, Hamza granted exemption from appearing in court

LAHORE: An accountability court on Saturday allowed one time exemption to Prime Minister Shahbaz Sharif in...

Published 17 Jul, 2022 05:19am

Imran shares US president’s statement to boost workers’ morale

ISLAMABAD: A day before the crucial by-polls on 20 seats of Punjab Assembly, Pakistan Tehreek-e-Insaf (PTI) chairman...

Published 17 Jul, 2022 05:19am

The Weather

KARACHI: The weather report on Saturday (July 16, 2022) and the forecast for Sunday (July 17, 2022)....

Published 17 Jul, 2022 05:19am

Miftah gives a detailed account: How country saved itself from bankruptcy

Finance Minister says country expecting $4 billion from friendly countries to bridge the external financing gap

Updated 17 Jul, 2022 03:51pm

World Bank approves $200m to transform agri sector

ISLAMABAD: The World Bank’s Board of Executive Directors on Saturday approved $ 200 million in financing to ...

Updated 17 Jul, 2022 09:34am

Inflation rate will soar to 40pc, claims Tarin

LAHORE: Pakistan Tehreek-e-Insaf senior leader and former Federal Finance Minister Shaukat Tarin has said that the...

Updated 17 Jul, 2022 09:34am

Govt says reshaping ‘Mera Ghar’ scheme

ISLAMABAD: The government has decided the reshaping of “Mera Ghar” scheme, confirmed by Finance Minister Miftah...

Updated 17 Jul, 2022 03:51pm

Afghanistan: Pakistan to sell 120,000 metric tons of wheat to UN’s WFP

ISLAMABAD: The federal government has decided to sell 120,000 MT of wheat to United Nations World Food Programme...

Updated 17 Jul, 2022 09:36am

Transmission services: China’s PMLTC agitates against imposition of 17pc GST

ISLAMABAD: Chinese Company Pak Matiari-Lahore Transmission Company (PMLTC) has agitated on imposition of 17 percent...

Updated 17 Jul, 2022 09:36am

US won’t ‘walk away’ from Middle East, says Biden

JEDDAH, (Saudi Arabia): President Joe Biden assured Arab leaders the United States would remain fully engaged in the...

Updated 17 Jul, 2022 09:37am

‘Unrealistic’ energy policies will lead to higher inflation: MbS

JEDDAH, (Saudi Arabia): Saudi Arabia’s Crown Prince Mohammed bin Salman said on Saturday more investment was ...

Updated 17 Jul, 2022 09:38am

Punjab: crucial by-polls today

Polling will continue till 5:00 pm without any break

Updated 17 Jul, 2022 10:01am

Petroleum dealers say will observe strike tomorrow

PESHAWAR/ISLAMABAD: Pakistan Petroleum Dealers Association (PPDA) has expressed resolve to go on an indefinite ...

Updated 17 Jul, 2022 09:39am

Loan resumption: Final decision by IMF board likely in 3-6 weeks

ISLAMABAD: The final decision of the International Monetary Fund’s Executive Board on the staff-level agreement...

Updated 17 Jul, 2022 09:39am

G20 finance chiefs resolved on food security

NUSA DUA, (Indonesia): The Group of 20 major economies’ finance chiefs on Saturday pledged to address global food...

Published 17 Jul, 2022 05:19am

IMF chief sees ‘exceptionally uncertain’ global outlook, deteriorating debt situation

NUSA DUA, (Indonesia): IMF chief Kristalina Georgieva on Saturday warned officials from the Group of 20 major...

Published 17 Jul, 2022 05:19am

Indonesia removes palm oil export levy until Aug 31

JAKARTA/NUSA DUA: Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt...

Published 17 Jul, 2022 05:19am

Iran imposes sanctions on 61 Americans as nuclear talks hit impasse

DUBAI: Iran said on Saturday it had imposed sanctions on 61 more Americans, including former secretary of state Mike...

Published 17 Jul, 2022 05:19am

31 killed in Sudan tribal clashes near Ethiopia border

KHARTOUM: Dozens of families were Saturday fleeing violence in Sudan’s Blue Nile State, where ongoing clashes...

Published 17 Jul, 2022 05:19am

Iraq asks Turkey to release more water along Tigris, Euphrates

BAGHDAD: Iraq on Saturday asked Ankara to increase the flow of water downstream along the Tigris and Euphrates...

Published 17 Jul, 2022 05:19am

Cut in PIA, railway fares announced

ISLAMABAD: The government has announced a reduction in the fares of Pakistan International Airlines (PIA) and...

Published 17 Jul, 2022 05:19am

Taxes

Refund of excess amount to car buyers: President rejects FBR’s application against FTO’s order

ISLAMABAD: President Arif Alvi has rejected a review representation made by the Federal Board of Revenue (FBR)...

Published 17 Jul, 2022 05:19am

Taxes

Failure to function under SWAPS: FBR to impose huge penalties on withholding agents

ISLAMABAD: The Federal Board of Revenue (FBR) will impose huge penalties/fines on withholding agents including...

Published 17 Jul, 2022 05:19am

Reimagining globalisation

Recent years have been witness to the world being rocked by unforeseen and unimaginable global catastrophes. The...

Published 17 Jul, 2022 05:19am

Bracing for ‘a tough 2022’

EDITORIAL: The International Monetary Fund (IMF) has also joined the chorus of warnings against an imminent global...

Published 17 Jul, 2022 05:19am

Human rights and climate change

EDITORIAL: The word ‘resilience’ means the capacity to recover quickly from difficulties, toughness. Cities or...

Published 17 Jul, 2022 05:19am

Letters

‘A cruel IMF programme’

This is apropos a Business Recorder op-ed “A cruel IMF programme” carried by the newspaper on Friday. That the...

Published 17 Jul, 2022 05:19am

Weak economic growth likely in 2022: survey

KARACHI: Weak growth looks the most likely outcome for the rest of 2022, according to the latest edition of the...

Published 17 Jul, 2022 05:19am

Industry

APTMA links export growth to competitive energy tariffs

KARACHI: Patron in Chief All Pakistan Textile Mills Association (APTMA) Dr Gohar Ejaz in a statement has indicated...

Published 17 Jul, 2022 05:19am

Commodities

Prices of edibles witness downward trend

ISLAMABAD: Prices of essential kitchen items especially vegetables, chicken, eggs, ghee/cooking oil and fruits have...

Published 17 Jul, 2022 05:19am

Taxes

Customs values enhanced on import of mechanical, non-mechanical toys

ISLAMABAD: Directorate General of Customs Valuation Karachi has increased customs values on the import of mechanical...

Published 17 Jul, 2022 05:19am

Energy

Gasoil cash premiums post weekly loss, dip below $3/barrel

NEW DELHI: Asia’s cash premiums for 10ppm gasoil dropped more than 13% this week over worries about slowing fuel...

Published 17 Jul, 2022 05:19am

Grains

Russia says document nearly ready on resuming Ukraine grain exports

MOSCOW: Russia’s proposals on how to resume Ukrainian grain exports were “largely supported” by negotiators at...

Published 17 Jul, 2022 05:19am

Commodities

China aluminium output up

BEIJING: China’s primary aluminium production rose 3.2% to 3.39 million tonnes in June from a year earlier,...

Published 17 Jul, 2022 05:19am

Energy

US natgas down on monthly output increase

NEW YORK: US natural gas futures fell about 3% on Friday with an increase in output so far this month and as the...

Published 17 Jul, 2022 05:19am

Energy

Gasoline margin drops to August 2021 lows

NEW DELHI: Asia’s gasoline markets weakened to lowest since August 2021 on Friday and the refining profit margin...

Published 17 Jul, 2022 05:19am

Grains

CBOT corn firms with US weather in focus

CHICAGO: Chicago Board of Trade corn futures ended firm on Friday after trading both sides of unchanged during the...

Published 17 Jul, 2022 05:19am

Commodities

Iron ore futures tumble below $100 on pessimism over China

Dalian and Singapore iron ore futures fell below $100 on Friday on fears over waning demand for steel in China after...

Published 17 Jul, 2022 05:19am

Commodities

Japanese rubber lower

SINGAPORE: Japanese rubber futures were largely flat on Friday, with the market set for a second weekly loss, as...

Published 17 Jul, 2022 05:19am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 16, 2022)....

Published 17 Jul, 2022 05:19am

Cotton & Textile

Spot rate loses more Rs500 amid slow trading

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

Published 17 Jul, 2022 05:19am

Rates

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (July 16,...

Published 17 Jul, 2022 05:19am

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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