News Archives for Print - 2022-10-05

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Print - 2022-10-05

Energy

Scholz defends German energy plan against EU critics

BERLIN: Chancellor Olaf Scholz on Tuesday pushed back against European criticism of Germany’s 200-billion-euro...

Published 05 Oct, 2022 07:38am

HEC accused of working against interests of regular faculty members

ISLAMABAD: The Higher Education Commission (HEC) is systematically working against the interests of regular faculty...

Published 05 Oct, 2022 07:36am

Meets IPU team: NA speaker calls for timely distribution of climate funds among developing states

ISLAMABAD: Speaker National Assembly Raja Pervez Ashraf on Tuesday said that climate justice demanded timely...

Published 05 Oct, 2022 07:33am

Maryam exposes ‘foul play’ behind her passport’s confiscation

LAHORE: Pakistan Muslim League-Nawaz (PML-N) Vice President Maryam Nawaz while expressing joy over return of her...

Published 05 Oct, 2022 07:31am

Corps commander of Peshawar meets tribal elders, lauds their sacrifices

ISLAMABAD: Corps Commander Peshawar Lieutenant General Hassan Azhar Hayat on Tuesday met tribal elders’ part of...

Published 05 Oct, 2022 07:30am

PCJCCI marks China’s National Day

LAHORE: Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) celebrated China’s National Day on Monday...

Published 05 Oct, 2022 07:28am

Shehbaz gets permanent exemption from court appearance

LAHORE: An accountability court on Tuesday allowed permanent exemption from court appearances to Prime Minister...

Published 05 Oct, 2022 07:26am

Maryam gets passport back

LAHORE: Pakistan Muslim League-Nawaz (PML-N) Vice President Maryam Nawaz received her passport from the Deputy...

Published 05 Oct, 2022 07:24am

Companies

MPCL launches ‘Green on Wheels Initiative’

ISLAMABAD: Mari Petroleum Company Ltd (MPCL) organised an event to launch its Flagship Green on Wheels Initiative to...

Published 05 Oct, 2022 07:22am

Energy

Not increasing PL is no violation of IMF deal, NA body told

ISLAMABAD: Minister of State for Finance Aisha Ghaus Pasha has informed the Finance Standing Committee of the...

Updated 05 Oct, 2022 10:08am

SEZs under 2nd phase of CPEC to bring about industrial growth: Alvi

ISLAMABAD: President Dr Arif Alvi on Tuesday said that Special Economic Zones (SEZs) being developed across the...

Published 05 Oct, 2022 07:16am

WCLA completes conservation work on French army officer’s tomb

LAHORE: The Walled City of Lahore Authority (WCLA) has completed the conservation of the tomb of a senior French ...

Published 05 Oct, 2022 07:15am

Punjab to verify pensioners data with help of NADRA

LAHORE: The Punjab government has decided to cross verify the pensioners data with the NADRA in order to create...

Published 05 Oct, 2022 07:14am

Europe

London’s Battersea Power Station reborns

LONDON: London’s Battersea Power Station reopens next week as a glitzy hub of offices, flats, restaurants and ...

Published 05 Oct, 2022 07:13am

Companies

Ford reports strong demand for new vehicles in September

WASHINGTON: Ford Motor Co on Tuesday reported strong demand for new vehicles in the United States in September amid...

Published 05 Oct, 2022 07:08am

Energy

African countries to push for more fossil fuel projects at COP27

CAPE TOWN: African countries will use the COP27 climate talks in Egypt next month to advocate for a common energy...

Published 05 Oct, 2022 07:04am

Companies

Zee, Sony unit merger approved by India’s competition regulator

NEW DELHI: India’s competition regulator on Tuesday approved a merger between the Indian unit of Japan’s Sony ...

Published 05 Oct, 2022 07:02am

Energy

Venezuela’s oil exports in Sept boosted by sales to China, swaps with Iran

HOUSTON: More shipments to Asia through intermediaries and growing cargo swaps with Iran drove Venezuela’s oil...

Published 05 Oct, 2022 07:01am

Energy

NTDC’s $3b contracts: PD’s influence said to have caused deadline failure

LAHORE: An overwhelming influence of the Power Division in the management affairs of National Transmission &...

Published 05 Oct, 2022 06:59am

PCB, Bank Alfalah team up to revive school cricket

LAHORE: In order to revive school cricket across the country, the Pakistan Cricket Board and Bank Alfalah have...

Published 05 Oct, 2022 06:55am

Energy

Ogra, NLC hold training for HTV drivers

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) in collaboration with National Logistic Cell (NLC) arranged a...

Published 05 Oct, 2022 06:54am

Energy

Two waste-to-energy plants to become operational by next year-end

KARACHI: Sindh Energy Minister Imtiaz Ahmed Shaikh on Tuesday said that two large plants for generating electricity...

Published 05 Oct, 2022 06:51am

Energy

CM seeks plan aimed at switching govt hospitals to solar energy

LAHORE: Chief Minister Punjab, Chaudhry Parvez Elahi, while issuing directions for completion of health projects on...

Published 05 Oct, 2022 06:49am

Polyester filament yarn: DGCV revises customs values

KARACHI: Directorate General Customs Valuation (DGCV) has revised the customs values of Polyester Filament Yarn ...

Published 05 Oct, 2022 06:34am

Funds not made available to conduct by-polls, says ECP

ISLAMABAD: Election Commission of Pakistan (ECP) has disclosed that it has sought 600 million rupees from federal...

Published 05 Oct, 2022 06:29am

North Korea fires ballistic missile over Japan

SEOUL: North Korea fired a ballistic missile over Japan for the first time in five years Tuesday, prompting Tokyo to...

Published 05 Oct, 2022 06:27am

Two soldiers martyred, three terrorists killed in army convoy attack

RAWALPINDI: Two soldiers were martyred and three terrorists were killed after a military convoy was attacked by...

Published 05 Oct, 2022 06:25am

Prison chief killed in IIOJK

OCCUPIED SRINAGAR: The chief of the prison service in Illegally Indian Occupied Jammu and Kashmir (IIOJK) has been...

Published 05 Oct, 2022 06:22am

Four die after avalanche in Indian Himalayas

NEW DELHI: At least four mountaineers were killed on Tuesday during an avalanche in the Indian Himalayas, officials...

Published 05 Oct, 2022 06:18am

India loses contact with budget Mars orbiter after eight years

NEW DELHI: India has lost contact with its Mars orbiter, eight years after the low-cost probe made it the first ...

Published 05 Oct, 2022 06:16am

PAC wants strict action against people appointed on fake degrees

ISLAMABAD: A meeting of the Public Accounts Committee (PAC) was held under the chairmanship of Noor Alam Khan, in ...

Published 05 Oct, 2022 05:49am

Flood relief work: PTCL Group, Akhuwat deliver food packages

KARACHI: The Pakistan Telecommunication Company Limited (PTCL) Group in collaboration with Akhuwat Foundation has...

Published 05 Oct, 2022 05:49am

Imran’s petition against changes in NAB law: SC wonders how NAO amendments are contrary to fundamental rights

ISLAMABAD: The Supreme Court asked the Pakistan Tehreek-e-Insaf (PTI)’s lawyer to prove how the amendments have...

Published 05 Oct, 2022 05:49am

Sirajuddin elected PCDA chairman

KARACHI: Syed Sirajuddin from Peshawar has been elected chairman Pakistan Chemists and Druggists Association (PCDA)...

Published 05 Oct, 2022 05:49am

PTI to approach IHC on resignation issue: Umar

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) general-secretary Asad Umar on Tuesday alleged that an “illegal” path...

Published 05 Oct, 2022 05:49am

Zubair Malik appointed as investment counsellor in Angola

KARACHI: The government of Pakistan has appointed a prominent businessman, Zubair Imam Malik, as an Honorary...

Published 05 Oct, 2022 05:49am

South Asia

Modi says ready to contribute to peace efforts in Ukraine

NEW DELHI: India’s Prime Minister Narendra Modi on Tuesday told Ukrainian President Volodymyr Zelenskiy that his...

Published 05 Oct, 2022 05:49am

Musk plans to go ahead with original price of $54.20 a share for Twitter

NEW YORK: Billionaire Elon Musk is proposing to go ahead with his original offer of $54.20 per share to take Twitter...

Published 05 Oct, 2022 05:49am

Biden warns Iran to face ‘costs’ for crackdown on Amini protests

PARIS: The United States will impose “further costs” on Iran for its lethal crackdown on protests sparked by the...

Published 05 Oct, 2022 05:49am

Senate panel concerned over ‘mushroom growth’ of varsities

ISLAMABAD: A parliamentary panel observed on Tuesday that the mushroom growth of varsities creates difficulties for...

Published 05 Oct, 2022 05:49am

Promotion of economic activities top priorities of Sindh govt

KARACHI: Secretary Local Government, Housing and Town Planning Sindh Engr Syed Najam Ahmad Shah said the development...

Published 05 Oct, 2022 05:49am

President summons joint session tomorrow

ISLAMABAD: President Dr Arif Alvi has summoned a joint session of the Parliament on Thursday (tomorrow) at 5 pm....

Published 05 Oct, 2022 05:49am

President seeks support to raise awareness about breast cancer

ISLAMABAD: President Dr Arif Alvi, through letters addressed to the prime minister, ministers, parliamentarians,...

Published 05 Oct, 2022 05:49am

Talks on US cipher: Expert terms probe into audio leaks of Imran ‘exercise in futility’

ISLAMABAD: The government’s decision to probe audio leaks of Pakistan Tehreek-e-Insaf (PTI’s) chief Imran Khan...

Published 05 Oct, 2022 05:49am

Babar discusses causes of fall of Left in Pakistan

ISLAMABAD: The joining of hands of religious extremists and the ‘establishment since the 1980s has imposed a moral...

Published 05 Oct, 2022 05:49am

Security of Diplomatic Enclave, Red Zone: Army to be deployed ahead of PTI’s possible long march

ISLAMABAD: The government Tuesday decided to hand over the security of government buildings in the Red Zone and the...

Published 05 Oct, 2022 05:49am

AKU recognised for treating 300,000 people in flood areas

KARACHI: Sindh Minister of Health and Population Welfare Dr Azra Pechuho has recognised the Aga Khan University for...

Published 05 Oct, 2022 05:49am

Afan Aziz elected KP-TMA chairman

PESHAWAR: Afan Aziz of A J Textile Mills has been elected Chairman of Khyber Pakhtunkhwa Textile Mills Association...

Published 05 Oct, 2022 05:49am

The Weather

KARACHI: The weather report on Tuesday (October 04, 2022) and the forecast for Wednesday (October 05, 2022)...

Published 05 Oct, 2022 05:49am

Rates

Equities extend gains

KARACHI: A bullish trend continued on Pakistan Stock Exchange Tuesday after the current account deficit declined...

Published 05 Oct, 2022 05:49am

1Q: Economic performance

In our last article we had expressed the hope of potential turnaround in the economy. Some early data for the month...

Published 05 Oct, 2022 05:49am

Farmers end 7-day sit-in after govt vows to announce package

ISLAMABAD: Farmers on Tuesday ended their seven-day long sit-in after Interior Minister Rana Sanullah announced that...

Updated 05 Oct, 2022 10:10am

Credit Suisse’s turnaround just got a lot tougher as market reels

Swiss lender Credit Suisse Group AG, battered by scandals and losses, is racing through a restructuring plan. Wild...

Published 05 Oct, 2022 05:49am

Country headed for recession

As we had warned prior to the vote of no-confidence (VONC) in March 2022, the PDM (Pakistan Democratic Movement)...

Updated 06 Oct, 2022 02:50am

‘Trial’ market operator licence

This op-ed examines the legal aspects of the National Electric Power Regulatory Authority (NEPRA or the Authority)...

Updated 05 Oct, 2022 09:38am

Stocks

Need for investor education stressed at event: PSX marks start of investor week with gong ceremony

KARACHI: The Pakistan Stock Exchange (PSX), along with 78 other exchanges across the world, marked the start of the...

Published 05 Oct, 2022 05:49am

PARTLY FACETIOUS: Maryam needs a lesson on…

“Trump is taking CNN to court for half a million dollars is it?” “Not sure of the amount but it’s large,...

Published 05 Oct, 2022 05:49am

Stocks

Nasdaq jumps as easing Treasury yields lift growth stocks; Twitter surges

NEW YORK: The Nasdaq led Wall Street higher on Tuesday, powered by megacap growth and technology stocks as US...

Published 05 Oct, 2022 05:49am

Stocks

European shares rise

LONDON: European shares rose sharply on Tuesday, in line with global peers, boosted by growing hopes that central...

Published 05 Oct, 2022 05:49am

Rates

Activities of Karachi Port, Port Qasim

KARACHI: The Karachi Port Trust handled 66,397 tonnes of cargo comprising 33,725 tonnes of import cargo and 32,672...

Published 05 Oct, 2022 05:49am

Rates

LME official prices

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

Published 05 Oct, 2022 05:49am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (October 04, 2022)...

Published 05 Oct, 2022 05:49am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 04, 2022)....

Published 05 Oct, 2022 05:49am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Tuesday (October 04, 2022)....

Published 05 Oct, 2022 05:49am

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 05 Oct, 2022 05:49am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Tuesday (October 04, 2022)....

Published 05 Oct, 2022 05:49am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 05 Oct, 2022 05:49am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (October 04, 2022). ==================================== BR...

Published 05 Oct, 2022 05:49am

Stocks

Electronic/credit of dividend warrants/bonus/right share certificates

KARACHI: Electronic/credit of dividend warrants/bonus/right share certificates....

Published 05 Oct, 2022 05:49am

Rates

BOARD MEETINGS

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

Published 05 Oct, 2022 05:49am

Rates

Board meetings in progress

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

Published 05 Oct, 2022 05:49am

Rates

Dividend/Bonus Announcements

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

Published 05 Oct, 2022 05:49am

Stocks

Last date of renunciation/payment

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

Published 05 Oct, 2022 05:49am

Rates

Proposed right issues

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

Published 05 Oct, 2022 05:49am

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 05 Oct, 2022 05:49am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Tuesday (October 04, 2022). ======================== OFFER PRICE...

Published 05 Oct, 2022 05:49am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Tuesday (October 04, 2022). ======================== OFFER PRICE...

Published 05 Oct, 2022 05:49am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Tuesday (October 04, 2022). ======================== OFFER PRICE...

Published 05 Oct, 2022 05:49am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Tuesday (October 04, 2022). ======================== OFFER PRICE...

Published 05 Oct, 2022 05:49am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Tuesday (October 04, 2022). ======================== OFFER PRICE 1,420.7175...

Published 05 Oct, 2022 05:49am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Tuesday (October 04, 2022). ======================== OFFER PRICE...

Published 05 Oct, 2022 05:49am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Tuesday (October 04, 2022). ======================== OFFER PRICE...

Published 05 Oct, 2022 05:49am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Tuesday (October 04, 2022). ======================== OFFER PRICE...

Published 05 Oct, 2022 05:49am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Tuesday (October 04, 2022). ======================== OFFER PRICE...

Published 05 Oct, 2022 05:49am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Tuesday (October 04, 2022). ======================== OFFER PRICE...

Published 05 Oct, 2022 05:49am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (October 04, 2022). ========================== KIBOR...

Published 05 Oct, 2022 05:49am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Tuesday (October 04, 2022)....

Published 05 Oct, 2022 05:49am

Global community told: Pakistan is out of money to spend on flood recovery

United Nations and Pakistan launches revised flash appeal of urgent US$ 816 million

Updated 05 Oct, 2022 10:02am

Railways suffered Rs525bn losses: minister

LAHORE: Federal Minister for Railways Khawaja Saad Rafique has said that Pakistan Railways suffered Rs 525 billion...

Updated 05 Oct, 2022 09:45am

Russia, CARs, Belarus and Iran: PM forms three ‘thematic working groups’

ISLAMABAD: Prime Minister Shehbaz Sharif, has constituted three Thematic Working Groups to finalise strategy for...

Updated 05 Oct, 2022 10:36am

EU scales up assistance to Rs6.7bn for flood-hit people

ISLAMABAD: The European Union has announced to substantially scale up its financial assistance to PKR 6.7 billion...

Updated 05 Oct, 2022 09:55am

1Q trade deficit declines 21.42pc to $9.2bn YoY

Business & Economy

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Cotton US¢/pound / Jan 21	68.02
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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