News Archives for Print - 2022-08-06

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Print - 2022-08-06

Fixed tax decision deferment: Only an ordinance can help govt avert revenue loss

Government set to bear revenue gap of Rs40b

Updated 06 Aug, 2022 09:18am

Items being imported on deferred payments: SBP reduces cash margin to 0pc

Previously, cash margin requirement for import payments beyond 180 days was 100%

Updated 06 Aug, 2022 09:24am

SBP opposed to renewal of BPA with Iran

Says proposed pact may not be practicable in the current international scenario

Updated 06 Aug, 2022 09:27am

South Asia

India bids to sell fighter jets

NEW DELHI: India has offered to sell 18 light-combat aircraft (LCA) “Tejas” to Malaysia, the defence ministry...

Published 06 Aug, 2022 04:02am

Once IMF programme resumes: ADB to disburse over $1.5bn to support BoP

Govt had requested ADB in June to expedite disbursement of nearly $2 billion

Updated 06 Aug, 2022 09:31am

COAS urges KSA, UAE to help ensure release of IMF loan

Earlier, Bajwa had contacted US Deputy Secretary of State Wendy Sherman

Updated 06 Aug, 2022 09:35am

UAE intends to invest $1bn across various sectors

UAE to focus on gas, energy infrastructure, renewable energy, health care sectors

Updated 06 Aug, 2022 09:37am

Emlaak Financials launched

Platform will initially focus on mutual funds and later on other digital asset classes

Updated 06 Aug, 2022 09:38am

Penalties sans coal supply: PQEPC accuses CPPA-G of flouting PM’s instructions

CEO says some commitments were made with company that need follow-up for implementation

Updated 06 Aug, 2022 09:41am

Taxes

FBR issues list of unregistered retailers

Asks them to ensure integration with Point of Sale system by August 10

Updated 06 Aug, 2022 09:44am

Russian side may be offered import of wheat at $390 per MT

TCP initiated process of importing wheat from Russia after ECC meeting in May

Updated 06 Aug, 2022 09:52am

PC reopens SIH sell-off transaction

Hotel was allegedly sold to a party at a throwaway price

Updated 06 Aug, 2022 12:58pm

Dispute over contractual quantities’ non-offtake: LCIA delivers its arbitral award in favour of SNGPL

Significant portion of the related litigation and arbitration costs will be borne by QATPL

Updated 06 Aug, 2022 12:09pm

South Asia

Eight killed in Kabul blast

KABUL: An explosion in a Shia residential area in Afghanistan’s capital Kabul on Friday killed eight people and...

Published 06 Aug, 2022 04:02am

Performance of SOEs: Process of hiring CMU initiated by MoF

ISLAMABAD: The Ministry of Finance has started the process for hiring of Central Monitoring Unit (CMU), which will ...

Published 06 Aug, 2022 04:02am

Israel strikes kill top Gaza militant, triggering rocket barrage

GAZA CITY, (Palestinian Territories): Israel pounded Gaza with air strikes Friday, killing more than 15 people,...

Published 06 Aug, 2022 04:02am

Prohibited funding case: ECP summons IK on 23rd

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

Published 06 Aug, 2022 04:02am

Post of PML-Q president: ECP rules in favour of Shujat

ISLAMABAD: The Election Commission of Pakistan (ECP) said on Friday that Chaudhry Shujaat Hussain would remain...

Published 06 Aug, 2022 04:02am

By-elections on 9 NA seats vacated by PTI to be held on Sept 25

ISLAMABAD: The Election Commission of Pakistan (ECP) on Friday announced by-elections on September 25 in nine...

Published 06 Aug, 2022 04:02am

IGP for accelerating operations to wipe out criminals

LAHORE: Punjab Inspector General Police (IGP) Faisal Shahkar has directed to accelerate the intelligence-based...

Published 06 Aug, 2022 04:02am

PCB condolence

LAHORE: The Pakistan Cricket Board (PCB) has expressed its sadness at the passing of former PCB Manager Media Khalid...

Published 06 Aug, 2022 04:02am

Punjab traders meet Imran

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has assured the traders from Punjab that soon the Punjab...

Published 06 Aug, 2022 04:02am

Punjab cabinet: Governor likely to administer oath to 22 members today

LAHORE: Punjab Governor Muhammad Balighur Rehman is learnt to have decided to take oath from the members of Punjab...

Published 06 Aug, 2022 04:02am

JI announces countrywide protest against inflated bills

LAHORE: Jamaat-e-Islami chief Sirajul Haq on Friday announced countrywide protest demonstration against the inflated...

Published 06 Aug, 2022 04:02am

‘Youm-e-Istehsal Kashmir’ marked

LAHORE: Like other parts of the country and rest of the world, ‘Youm-e-Istehsal-e-Kashmir’ was marked on Friday...

Published 06 Aug, 2022 04:02am

Pelosi’s Taiwan visit: ‘egregious provocation’

EDITORIAL: Defying President Joe Biden’s advice and provoking President Xi Jinping’s stark warning, the US House...

Published 06 Aug, 2022 04:02am

MPMG housing finance scheme: SBP appoints focal persons to address customers’ complaints

Focal persons will facilitate customers, who are eligible to avail the disbursement of financing under MPMG

Updated 06 Aug, 2022 12:14pm

ESG gaining greater significance globally, says SECP commissioner

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) Commissioner, Sadia Khan said on Friday that ...

Published 06 Aug, 2022 04:02am

OGDCL gives Rs20m to flood-affected people

ISLAMABAD: Heavy spell of rain caused major infrastructural damages in various areas of Balochistan province. In the...

Published 06 Aug, 2022 04:02am

US envoy highlights economic, development aid to KP

ISLAMABAD: US Ambassador Donald Blome visited Khyber Pakhtunkhwa (KP) on August 3 and 4 to highlight the US...

Published 06 Aug, 2022 04:02am

Ayman al-Zawahiri assassination: PTI asks govt to answer whether or not Pakistan’s airspace was used

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday demanded a clarification from the government on whether...

Published 06 Aug, 2022 04:02am

The Weather

KARACHI: The weather report on Friday (August 05, 2022) and the forecast for Saturday (August 06, 2022)...

Published 06 Aug, 2022 04:02am

Rates

Bulls in the ascendancy

KARACHI: Pakistan Stock Exchange Friday witnessed another bullish session on the back of aggressive buying in almost...

Published 06 Aug, 2022 04:02am

Govt to limit imports for next 3 months: Miftah

Finance minister says government ready to risk slow down in growth

Updated 06 Aug, 2022 12:12pm

ePRC and S-PRCs: ADs told to ensure automated issuance, verification by 29th

SBP invites attention of ADs to Paras 1 & 2, Chapter 10 of the Foreign Exchange Manual

Updated 06 Aug, 2022 12:10pm

PNSC acquires 2 second-hand Aframax tankers

Following the purchase, PNSC’s carrying capacity will increase to 107,123 metric tons

Updated 06 Aug, 2022 12:02pm

PM orders release of Rs5bn to NDMA

Says government has to help people above its party interests

Updated 06 Aug, 2022 12:00pm

Fear of NAO hurts economy, remarks CJP

Umar Ata Bandial says country suffered because decisions could not be taken in time

Updated 06 Aug, 2022 12:05pm

Helicopter crash: Army condemns malicious social media campaign

ISLAMABAD: The Inter-Services Public Relations (ISPR) on Friday condemned the social media campaign on the tragic...

Published 06 Aug, 2022 04:02am

NA by-polls: Imran to contest from nine constituencies

Elections to take place on September 25

Updated 06 Aug, 2022 12:05pm

India cannot thwart Kashmiris’ struggle, says Sana

ISLAMABAD: Interior Minister Rana Sanaullah on Friday said that Pakistanis are determined to overcome difficulties...

Published 06 Aug, 2022 04:02am

Power sector: accountability

Briefing the National Assembly Standing Committee on Power on the performance of power sector, its financial...

Published 06 Aug, 2022 04:02am

Reform and development of China’s financial sector

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

Published 06 Aug, 2022 04:02am

East Europe’s party is over as double-digit inflation bites

In the weeks that followed Russia’s invasion of Ukraine, western Europe’s big economies began to falter. But...

Published 06 Aug, 2022 04:02am

Global rice supplies at risk as harsh weather hits top exporters

Adverse weather across top rice suppliers in Asia, including the biggest exporter India, is threatening to reduce ...

Published 06 Aug, 2022 04:02am

Another global recession?

EDITORIAL: That the International Monetary Fund (IMF) has once again cut its global growth outlook for 2022, to 3.2...

Published 06 Aug, 2022 04:02am

PARTLY FACETIOUS: Thus Spoke Zarathustra

“Thus Spoke The Khan!” “Is that even English?” “Nietzche’s book Thus Spoke Zarathustra…” ...

Published 06 Aug, 2022 04:02am

OGDCL, PPL, PSO earned net profit of Rs173bn in FY20-21, Senate told

ISLAMABAD: Three public sector petroleum companies—Oil and Gas Development Company Limited (OGDCL), Pakistan...

Published 06 Aug, 2022 04:02am

Commodities

Iron ore futures rise

MANILA: Iron ore futures rose on Friday, with Singapore’s benchmark contract rebounding after a five-session...

Published 06 Aug, 2022 04:02am

Commodities

PMEX daily trading report

KARACHI: On Thursday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 18.635...

Published 06 Aug, 2022 04:02am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Friday (August 05, 2022)....

Published 06 Aug, 2022 04:02am

Cotton & Textile

Spot rate loses further Rs500 amid moderate activity

LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Friday decreased the spot rate by Rs 500...

Published 06 Aug, 2022 04:02am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (August 05, 2022). ======================== Open Bid Rs...

Published 06 Aug, 2022 04:02am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (August 05, 2022)....

Published 06 Aug, 2022 04:02am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (August 05, 2022)....

Published 06 Aug, 2022 04:02am

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 06 Aug, 2022 04:02am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 06 Aug, 2022 04:02am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (August 05, 2022). ==================================== BR...

Published 06 Aug, 2022 04:02am

Rates

BOARD MEETINGS

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

Published 06 Aug, 2022 04:02am

Rates

Dividend/Bonus Announcements

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

Published 06 Aug, 2022 04:02am

Stocks

Last date of renunciation/payment

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

Published 06 Aug, 2022 04:02am

Rates

Proposed right issues

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

Published 06 Aug, 2022 04:02am

Rates

Clearing Schedule for T+2 System

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

Published 06 Aug, 2022 04:02am

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 06 Aug, 2022 04:02am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Friday (August 05, 2022). ======================== OFFER PRICE...

Published 06 Aug, 2022 04:02am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Friday (August 05, 2022). ======================== OFFER PRICE...

Published 06 Aug, 2022 04:02am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Friday (August 05, 2022). ======================== OFFER PRICE...

Published 06 Aug, 2022 04:02am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Friday (August 05, 2022). ======================== OFFER PRICE ...

Published 06 Aug, 2022 04:02am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Friday (August 05, 2022). ======================== OFFER PRICE 1,417.7484...

Published 06 Aug, 2022 04:02am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Friday (August 05, 2022). ======================== OFFER PRICE...

Published 06 Aug, 2022 04:02am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Friday (August 05, 2022). ======================== OFFER PRICE...

Published 06 Aug, 2022 04:02am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Friday (August 05, 2022). ======================== OFFER PRICE...

Published 06 Aug, 2022 04:02am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Friday (August 05, 2022). ======================== OFFER PRICE...

Published 06 Aug, 2022 04:02am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Friday (August 05, 2022). ======================== OFFER PRICE...

Published 06 Aug, 2022 04:02am

SPI up 0.82pc WoW

Increase in prices of food, energy commodities drive surge

Updated 06 Aug, 2022 12:07pm

Industry

Hikes in energy tariffs causing adverse impact on industry: APTPMA

FAISALABAD: Current account & trade deficit and political instability, increase of US Dollar and energy prices...

Published 06 Aug, 2022 04:02am

Money & Banking

Volatility in exchange rates: BMP underscores need for strict monitoring of banks, money market

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has asked the...

Published 06 Aug, 2022 04:02am

Industry

Lasbela Chamber vows support to army’s relief operations

KARACHI: President Lasbela Chamber of Commerce and Industry, Maqsod Ismail, and Ex-Presidents Ismail Suttar and...

Published 06 Aug, 2022 04:02am

Companies

Once again Lucky Cement posts highest-ever Rs36.42bn PAT

KARACHI: On a consolidated basis, Lucky Cement Limited once again reported its highest-ever profit after tax of...

Updated 06 Aug, 2022 02:10pm

Companies

STZA chairman resigns

ISLAMABAD: Amer Hashmi, the chairman of the Special Technology Zones Authority (STZA) has tendered his resignation ...

Published 06 Aug, 2022 04:02am

Industry

OICCI urges minister to appoint IPOP’s chief

ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged Commerce Minister Syed Naveed...

Published 06 Aug, 2022 04:02am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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