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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

‘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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Taxes

Polling will continue till 5:00 pm without any break

Updated 17 Jul, 2022 10:01am

‘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

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 15	280.63
USD PKR Interbank Buying / Apr 15	280.43
USD to Japanese Yen / Apr 15	143.15
USD to Swiss Franc / Apr 15	0.81
Pound Sterling to USD / Apr 15	1.32
Euro to USD / Apr 15	1.14
UK LIBOR % / Apr 14	4.96

Stock	Volume
S&P 500 / Apr 14	5,405.97
Nasdaq / Apr 14	16,831.48
Dow Jones / Apr 14	40,524.79
India Sensex / Apr 15	76,780.06
Tokyo Nikkei / Apr 15	34,267.54
Hang Seng / Apr 15	21,470.46
FTSE 100 / Apr 15	8,209.09
Germany DAX 30 / Apr 15	21,175.70
France CAC40 / Apr 15	7,263.20

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 14	16,785
Gold 10 Grams PKR / Apr 14	290,466
Petrol/Litre / Apr 15	254.63
Crude Oil USD/Barrel / Apr 15	61.77
Gold Spot USD/Ounce / Apr 15	3,224.76
Diesel/Litre / Apr 15	258.64
Cotton US¢/pound / Apr 15	65.75

Gainers
Losers
Leaders

Stock	Price
Gulshan Sp. / Apr 15 Gulshan Spinning Mills Limited(GSPM)	3.65 ▲ 0.48 (15.14%)
Escorts Bank / Apr 15 Escorts Investment Bank Limited(ESBL)	6.49 ▲ 0.85 (15.07%)
Tariq Corp.Pref. / Apr 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.29 ▲ 0.79 (10.53%)
First Capital Equities / Apr 15 First Capital Equities Limited(FCEL)	4.97 ▲ 0.47 (10.44%)
Sanghar Sugar / Apr 15 Sanghar Sugar Mills Limited(SANSM)	55.51 ▲ 5.05 (10.01%)
First Elite Cap.Mod / Apr 15 First Elite Capital Modaraba(FECM)	17.70 ▲ 1.61 (10.01%)
Tariq Corporation / Apr 15 Tariq Corporation Limited(TCORP)	16.16 ▲ 1.47 (10.01%)
PIA Holding Co.B / Apr 15 PIA Holding Company Limited B(PIAHCLB)	1,608.64 ▲ 146.24 (10%)
Nimir Resins / Apr 15 Nimir Resins Limited(NRSL)	35.08 ▲ 3.19 (10%)
Chakwal Spinning / Apr 15 Chakwal Spinning Mills Limited(CWSM)	47.87 ▲ 4.35 (10%)

Stock	Price
Pak Gen.Ins. / Apr 15 The Pakistan General Insurance Co. Ltd.(PKGI)	8.25 ▼ -0.84 (-9.24%)
Zahid Jee Textile / Apr 15 Zahidjee Textile Mills Limited(ZAHID)	25.36 ▼ -2.57 (-9.2%)
Ruby Textile / Apr 15 Ruby Textile Mills Limited(RUBY)	7.10 ▼ -0.67 (-8.62%)
First Tri-Star Mod. / Apr 15 First Tri-Star Modaraba(FTSM)	12.03 ▼ -1.04 (-7.96%)
D.M. Textile / Apr 15 D.M. Textile Mills Limited(DMTX)	49 ▼ -4.04 (-7.62%)
Pak Gulf Leasing / Apr 15 Pak-Gulf Leasing Company Limited(PGLC)	18.15 ▼ -1.35 (-6.92%)
B.R.R. Guardian / Apr 15 B.R.R. Guardian Limited(BRRG)	21 ▼ -1.47 (-6.54%)
Supernet Tech. / Apr 15 Supernet Technologies Limited(STL)	750 ▼ -50.74 (-6.34%)
National Silk / Apr 15 The National Silk & Rayon Mills Limited(NSRM)	30.01 ▼ -1.99 (-6.22%)
Parmount Sp. / Apr 15 Paramount Spinning Mills Limited(PASM)	3.84 ▼ -0.24 (-5.88%)

Stock	Volume
Cnergyico PK / Apr 15 Cnergyico PK Limited(CNERGY)	55,091,076 ▼ -0.05
Pak Int.Bulk / Apr 15 Pakistan International Bulk Terminal(PIBTL)	45,232,730 ▼ -0.19
Sui South Gas / Apr 15 Sui Southern Gas Company Limited(SSGC)	31,842,819 ▲ 0.15
B.O.Punjab / Apr 15 The Bank of Punjab(BOP)	27,341,890 ▲ 0.15
Pak Elektron / Apr 15 Pak Elektron Limited(PAEL)	17,487,097 ▲ 0.03
Dewan Cement / Apr 15 Dewan Cement Limited(DCL)	16,999,170 ▲ 0.43
K-Electric Ltd. / Apr 15 K-Electric Limited(KEL)	13,886,346 ▲ 0.03
WorldCall Telecom / Apr 15 Worldcall Telecom Limited(WTL)	13,751,334 ▲ 0.01
Pak Stock Exchange / Apr 15 Pakistan Stock Exchange Limited(PSX)	13,502,803 ▼ -0.58
Hub Power Co. / Apr 15 The Hub Power Company Limited(HUBC)	11,216,011 ▲ 0.75

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