News Archives for Print - 2022-09-22

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Print - 2022-09-22

LHC adjourns case about tax on deemed income till 27th

ISLAMABAD: The Lahore High Court (LHC) on Wednesday adjourned the case about tax on deemed income till September 27,...

Published 22 Sep, 2022 07:28am

Mazari takes a diq at Shehbaz, Asif over Donald Lu picture

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Dr Shireen Mazari on Wednesday took a dig at Prime Minister Shehbaz...

Published 22 Sep, 2022 07:27am

NA panel calls for improving performance of FIA’s Cyber Crime Wing

ISLAMABAD: The National Assembly Standing Committee on Information Technology and Telecommunication has directed the...

Published 22 Sep, 2022 07:24am

National Foods, ATC Holdings donate Rs60m for flood relief activities

KARACHI: The ATC Holdings and its subsidiary National Foods Limited have announced their decision to donate Rs60...

Published 22 Sep, 2022 07:21am

OIC ministers assail India’s continued repression of Kashmiris

ISLAMABAD: The foreign ministers of the OIC countries on Wednesday denounced India’s continued repression of the...

Published 22 Sep, 2022 07:20am

Industry

PBF concerned over hike in flour price

KARACHI: President of the Pakistan Businesses Forum (PBF) Mian Usman Zulfiqar has urged the provincial governments ...

Published 22 Sep, 2022 07:18am

PKI ends sit-in after govt’s assurances

ISLAMABAD: The Pakistan Kissan Itehad (PKI), a representative organisation of farmers, on Wednesday ended its sit-in...

Published 22 Sep, 2022 07:17am

Israeli, Turkish leaders meet as tensions ease

UNITED NATIONS: Turkish President Recep Tayyip Erdogan on Tuesday met for the first time in more than a decade with...

Published 22 Sep, 2022 07:14am

Energy

UK to pay half of business winter energy bills

LONDON: Britain on Wednesday launched a six-month plan starting in October to pay about half of energy bills for...

Published 22 Sep, 2022 07:10am

Energy

Germany reaches deal to nationalise gas giant Uniper

BERLIN: Germany has reached a deal to nationalise troubled gas giant Uniper, the government said Wednesday, as the...

Published 22 Sep, 2022 07:07am

Iran case ‘about lives, not dollars’, top UN court told

THE HAGUE: The United States accused Iran on Wednesday of whitewashing its involvement in terror attacks, saying...

Published 22 Sep, 2022 07:05am

Rehabilitation, reconstruction works: More aid needed for completing tasks ahead, global partners told

ISLAMABAD: Pakistan will need more assistance for the 2nd and 3rd phase of rehabilitation and reconstruction as the...

Published 22 Sep, 2022 07:03am

Energy

OGDCL clarifies stance: Uch Compression Project vital for meeting rising energy demand

ISLAMABAD: Apropos of a news item published in a section of the press regarding Uch Compression Project, the factual...

Published 22 Sep, 2022 07:00am

Industry

OICCI urges govt to prepare 20-year industrial policy

ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has proposed that the government should...

Published 22 Sep, 2022 06:59am

Commodities

Aluminium falls to 18-month low

LONDON: Aluminium prices fell on Wednesday to their lowest since March 2021 as markets braced for another hefty US...

Published 22 Sep, 2022 06:57am

Commodities

Gold recovers

NEW YORK: Gold rose on Wednesday as Russian President Vladimir Putin’s move to mobilize more troops over the...

Published 22 Sep, 2022 06:56am

Stocks

Japan’s Nikkei ends at 2-month low

TOKYO: Japanese stocks notched their lowest close in more than two months on Wednesday, tracking declines on Wall...

Published 22 Sep, 2022 06:55am

Stocks

China’s blue-chip stocks hit 4-month low

SHANGHAI: China’s blue-chip stocks on Wednesday closed at their lowest in more than four months, as global peers...

Published 22 Sep, 2022 06:43am

Energy

Defence, oil stocks lift London’s FTSE 100

LONDON: Defence and energy stocks led a recovery in UK’s blue-chip FTSE 100 from near three-week lows on ...

Published 22 Sep, 2022 06:41am

Money & Banking

Dollar soars to 2-decade high

NEW YORK: The dollar surged to a new two-decade high on Wednesday just ahead of another expected aggressive Federal...

Published 22 Sep, 2022 06:38am

Energy

Oil steady ahead of US Fed interest rate decision

NEW YORK: Oil prices were steady in volatile trade on Wednesday as the market waited for direction from the US...

Published 22 Sep, 2022 06:36am

Stocks

Wall Street returns to positive stance after brief post-Fed wobble

WASHINGTON: Wall Street’s main indexes returned to positive territory in mid-afternoon trading on Wednesday after ...

Published 22 Sep, 2022 06:34am

Cotton & Textile

Spot rate firm on cotton market

LAHORE: The local cotton market on Wednesday remained easy and the trading volume remained satisfactory. Cotton...

Published 22 Sep, 2022 06:32am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday (September 21, 2022)....

Published 22 Sep, 2022 06:30am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 104,364 tonnes of cargo comprising 72,695 tonnes of import cargo and 31,669...

Published 22 Sep, 2022 06:29am

Grains

India may allow some rice export cargoes trapped at ports

NEW DELHI: India is considering allowing the overseas shipment of some rice cargoes stuck at ports after the...

Published 22 Sep, 2022 06:27am

Commodities

Tokyo rubber dips

SINGAPORE Japanese rubber futures dipped on Wednesday, tracking losses in the Shanghai market, as weaker crude ...

Published 22 Sep, 2022 06:25am

Commodities

Iron ore falls

MANILA: Ferrous futures in top steel producer and exporter China fell on Wednesday, with iron ore hitting a two-week...

Published 22 Sep, 2022 06:23am

Energy

US natgas jumps

NEW YORK: US natural gas futures jumped about 4% to a near one-week high on Wednesday, on forecasts for stronger US...

Published 22 Sep, 2022 06:22am

Non-implementation of judicial commission’s recommendations: Act of ignoring report on 2010 flood has cost country dearly: experts

LAHORE: The country would have been in a position to avoid widespread devastation caused by the recent flash floods...

Published 22 Sep, 2022 06:21am

Punjab Commission on Status of Women (Amendment) Bill 2020 approved

LAHORE: The Punjab Assembly on Wednesday unanimously approved the Punjab Commission on the Status of Women...

Published 22 Sep, 2022 06:18am

Hamza flays Punjab govt for raising flour price

LAHORE: Former chief minister of Punjab and PML-N leader Hamza Shehbaz Sharif slated the Punjab government for...

Published 22 Sep, 2022 06:18am

Money & Banking

BoP inaugurates new corporate office in Karachi

KARACHI: The Bank of Punjab opened doors of its new, digitally-equipped Corporate & Treasury Front Offices at ...

Published 22 Sep, 2022 06:14am

Industry

‘FWCCI to help women-led businesses enter export market’

FAISALABAD: Faisalabad Women Chamber of Commerce and Industry (FWCCI) will facilitate women-led businesses to ...

Published 22 Sep, 2022 06:11am

FIA issues second notice to Tarin

ISLAMABAD: Federal Investigation Agency (FIA) on Wednesday issued another notice to former finance minister Shaukat...

Published 22 Sep, 2022 05:48am

UN urges EU to come forward

ISLAMABAD: The United Nations announced Wednesday that it is going to revise its flash appeal in light of the dire...

Published 22 Sep, 2022 05:48am

Dar withdraws plea submitted to SC

ISLAMABAD: Former finance minister Ishaq Dar withdrew his petition from the apex court for being declared as...

Published 22 Sep, 2022 05:48am

Minister warns of action against provincial govts supporting PTI’s long march

ISLAMABAD: Interior Minister Rana Sanaullah on Wednesday said that those provincial governments supporting the...

Published 22 Sep, 2022 05:48am

KP’s CM approves project for promotion of modern policing through drone technology

PESHAWAR: Chief Minister of Khyber Pakhtunkhwa Mahmood Khan has principally approved the project for promotion of...

Published 22 Sep, 2022 05:48am

We have met the enemy…

One would think that it couldn’t get any worse for a country overwhelmed by unprecedented political polarisation...

Published 22 Sep, 2022 05:48am

Dissecting climate disaster: what’s the next step?

As these lines were being written, the recent monsoon rains and flash floods had inflicted an economic loss of...

Published 22 Sep, 2022 05:48am

Europe energy crisis may deepen with looming liquidity crunch

Europe’s problems in sourcing oil and gas this winter after a dispute with Russia may be exacerbated by a new...

Published 22 Sep, 2022 05:48am

Russian plane with relief goods arrives

KARACHI: The first flight from Russia carrying a consignment of relief goods for the flood-hit people arrived in...

Published 22 Sep, 2022 05:48am

MENA

In terms of curricula on offer, Dubai’s students are spoilt for choice

DUBAI: The UAE government recognises the role of education in building a knowledge-driven economy for the post-oil...

Published 22 Sep, 2022 05:48am

PARTLY FACETIOUS: Gilani and Geelani

“Please, please, please could someone disappear the Gilani clan?” “Excuse me! Syed Ali Shah Geelani was a much...

Published 22 Sep, 2022 05:48am

IHC exonerates Ahsan Iqbal from corruption charges

ISLAMABAD: The Islamabad High Court (IHC) on Wednesday accepted federal Minister for Planning and Development Ahsan...

Published 22 Sep, 2022 05:48am

‘Slacked audits’: FTO finds Commissioner IR (Appeals) involved in malfeasance

ISLAMABAD: The Federal Tax Ombudsman (FTO) has found a Commissioner for Inland Revenue (Appeals) involved in...

Published 22 Sep, 2022 05:48am

Fawad slams govt for not cutting oil prices

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry on Wednesday condemned the government for not giving...

Published 22 Sep, 2022 05:48am

Economist suggests debt swap in the wake of flood losses

KARACHI: In Pakistan, every year the quantum of loans is increasing as the nation is securing new loans for the...

Published 22 Sep, 2022 05:48am

Dry weather likely today

KARACHI: Mainly a dry weather is likely to prevail over most parts of the country on Thursday (today), the Met ...

Published 22 Sep, 2022 05:48am

Assets beyond means case: Dar files plea against arrest warrant

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) leader and former finance minister Ishaq Dar on Wednesday submitted...

Published 22 Sep, 2022 05:48am

Corrupt practices of less than Rs500m go off the NAB radar

ISLAMABAD: Following the amendment made by the present government to the National Accountability Bureau (NAB) law,...

Published 22 Sep, 2022 05:48am

Bilawal seeks UN chief’s support for reversal of India’s steps in IIOJK

NEW YORK: Foreign Minister Bilawal Bhutto-Zardari on Wednesday urged the United Nations Secretary-General Antonio...

Published 22 Sep, 2022 05:48am

The Weather

KARACHI: The weather report on Wednesday (September 21, 2022) and the forecast for Thursday (September 22, 2022)...

Published 22 Sep, 2022 05:48am

Stocks

Last date of renunciation/payment

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

Published 22 Sep, 2022 05:48am

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 22 Sep, 2022 05:48am

Rates

Stocks maintain bearish overtones

KARACHI: A bearish trend continued on Pakistan Stock Exchange Wednesday. Due to investor concerns over depreciating...

Published 22 Sep, 2022 05:48am

Embezzlement incident: Airports directed to establish customs currency declaration counters before ASF’s

ISLAMABAD: After the incident of embezzlement of senior Australian citizens’ dollars by the Airport Security Staff...

Updated 22 Sep, 2022 09:31am

Ministry for allowing TCP to award wheat import contract

ISLAMABAD: The Ministry of National Food Security and Research (MNFS&R) has proposed to allow TCP to award...

Updated 22 Sep, 2022 09:31am

Plant may be available for 10 more years: Kapco steps up efforts for renewal of its PPA

ISLAMABAD: Kot Addu Power Company (Kapco) has expedited its efforts for renewal of its Power Purchase Agreement...

Updated 22 Sep, 2022 09:30am

Petrol price raised by Rs1.45 per litre

ISLAMABAD: The federal government Wednesday announced an increase of Rs1.45 per litre in the price of petrol. The...

Published 22 Sep, 2022 05:48am

Commodities

Import through KP, Balochistan: Customs value of mineral coal set at $83/MT

KARACHI: Directorate of Customs Valuation, Quetta, has determined the customs value of mineral coal imported through...

Published 22 Sep, 2022 05:48am

Angelina Jolie visits NFRCC

ISLAMABAD: International humanitarian and Hollywood star Angelina Jolie visited the National Flood Response and...

Published 22 Sep, 2022 05:48am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (September 21, 2022)...

Published 22 Sep, 2022 05:48am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (September 21, 2022). =======================================...

Published 22 Sep, 2022 05:48am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 21, 2022)....

Published 22 Sep, 2022 05:48am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (September 21, 2022)....

Published 22 Sep, 2022 05:48am

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 22 Sep, 2022 05:48am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (September 21, 2022)....

Published 22 Sep, 2022 05:48am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 22 Sep, 2022 05:48am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (September 21, 2022). ====================================...

Published 22 Sep, 2022 05:48am

Rates

BOARD MEETINGS

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

Published 22 Sep, 2022 05:48am

Rates

Proposed right issues

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

Published 22 Sep, 2022 05:48am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Wednesday (September 21, 2022). ======================== OFFER ...

Published 22 Sep, 2022 05:48am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Wednesday (September 21, 2022). ======================== OFFER ...

Published 22 Sep, 2022 05:48am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Wednesday (September 21, 2022). ======================== OFFER PRICE...

Published 22 Sep, 2022 05:48am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Wednesday (September 21, 2022). ======================== OFFER PRICE...

Published 22 Sep, 2022 05:48am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Wednesday (September 21, 2022). ======================== OFFER PRICE...

Published 22 Sep, 2022 05:48am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Wednesday (September 21, 2022). ======================== OFFER PRICE...

Published 22 Sep, 2022 05:48am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Wednesday (September 21, 2022). ======================== OFFER PRICE...

Published 22 Sep, 2022 05:48am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Wednesday (September 21, 2022). ======================== OFFER PRICE...

Published 22 Sep, 2022 05:48am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Wednesday (September 21, 2022). ======================== OFFER PRICE...

Published 22 Sep, 2022 05:48am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Wednesday (September 21, 2022). ======================== OFFER PRICE...

Published 22 Sep, 2022 05:48am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Wednesday (September 21, 2022). ======================== Offer Price...

Published 22 Sep, 2022 05:48am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Wednesday (September 21, 2022). ======================== Offer Price...

Published 22 Sep, 2022 05:48am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Wednesday (September 21, 2022). ======================== Offer...

Published 22 Sep, 2022 05:48am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Wednesday (September 21, 2022). ======================== Offer Price...

Published 22 Sep, 2022 05:48am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Wednesday (September 21, 2022). ======================== Offer Price...

Published 22 Sep, 2022 05:48am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Wednesday (September 21, 2022). ======================== Offer Price 1,231.8368...

Published 22 Sep, 2022 05:48am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (September 21, 2022)....

Published 22 Sep, 2022 05:48am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 21, 2022)....

Published 22 Sep, 2022 05:48am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (September 21, 2022). ==========================...

Published 22 Sep, 2022 05:48am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (September 21, 2022)....

Published 22 Sep, 2022 05:48am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 22 Sep, 2022 05:48am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday...

Published 22 Sep, 2022 05:48am

PM apprises IMF, World Bank heads of scale of monsoon mayhem

Underlines that Pakistan made little contribution to climate change, yet it faced the impacts disproportionately

Updated 22 Sep, 2022 09:52am

Headline inflation revised up to 18.0pc: ADB forecasts economy to slow down to 3.5pc

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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