News Archives for Print - 2022-11-18

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Print - 2022-11-18

Energy

Saif Power urges CPPA-G to speed up payments

ISLAMABAD: Saif Power Limited (SEL) has urged Central Power Purchasing Agency-Guaranteed (CPPA-G) to accelerate its...

Published 18 Nov, 2022 07:42am

20 killed in road accident

KARACHI: At least 20 devotees including children were killed and several others sustained injuries after a passenger...

Published 18 Nov, 2022 07:37am

Telecom sector seeks critically-needed fiscal space

ISLAMABAD: The telecom sector seeks urgent policy interventions from the government to provide critically-needed...

Published 18 Nov, 2022 07:35am

Pelosi to step down from US House leadership, remain in Congress

WASHINGTON: US House of Representatives Speaker Nancy Pelosi, the first woman to hold that influential post, said on...

Published 18 Nov, 2022 07:32am

IDEAS 2022: China displays advanced weaponry

BEIJING: China is displaying many advanced weapons and equipment, including drone and anti-drone systems, at an...

Updated 18 Nov, 2022 09:46am

Who Pakistan picks as army chief matters far beyond its borders?

KARACHI: Pakistan’s nuclear armed military is set to get a new supremo later this month when General Qamar Javed...

Published 18 Nov, 2022 07:22am

Europe

2014 downing of MH17: Dutch court sentences 3 to life in prison

BADHOEVEDORP, (Netherlands): A Dutch court on Thursday sentenced three men to life imprisonment over the downing of...

Published 18 Nov, 2022 07:17am

Commodities

TCP tenders to buy 500,000 tonnes of wheat

HAMBURG: A government agency in Pakistan has issued a new international tender to purchase and import 500,000 tonnes...

Published 18 Nov, 2022 07:12am

Xi says Asia should not become arena for ‘big power contest’

BANGKOK: The Asia-Pacific is no one’s backyard and should not become an arena for a big power contest, China’s...

Published 18 Nov, 2022 07:06am

22-day cover for petrol, 19-day cover for HSD in hand: Ogra

ISLAMABAD: In response to the letter written by the Oil Companies Advisory Council (OCAC) regarding the oil supply...

Updated 18 Nov, 2022 09:23am

PCB compensates franchises

LAHORE: Pakistan Cricket Board (PCB) has compensated franchises on the account of Covid-19 relief for PSL-5 and ...

Published 18 Nov, 2022 05:53am

PTA chairman addresses event marking silver jubilee of SATRC in Tehran

ISLAMABAD: Chairman Pakistan Telecommunication Authority (PTA) Maj General Amir Azeem Bajwa (retd) has said that the...

Published 18 Nov, 2022 05:53am

Energy

US natural gas futures up ahead of storage report

NEW YORK: US natural gas futures edged up about 3% to a one-week high on Thursday as forecasts continued to call for...

Published 18 Nov, 2022 05:53am

Energy

Saudi crude exports surge to 29-month high in September

BENGALURU: Saudi Arabia’s crude oil exports rose for a fourth straight month in September to the highest in 29...

Published 18 Nov, 2022 05:53am

The Weather

KARACHI: The weather report on Thursday (November 17, 2022) and the forecast for Friday (November 18, 2022)...

Published 18 Nov, 2022 05:53am

PTA informs NA: ‘Total of 4,395,566 SIMs identified and blocked in 3 years to curb illegal grey telephony’

ISLAMABAD: The National Assembly was informed on Thursday, Pakistan Telecommun-ication Authority (PTA) identified a...

Published 18 Nov, 2022 05:53am

AC adjourns hearing of reference against ex-Ogra chief, others

ISLAMABAD: The Accountability Court on Thursday adjourned the hearing of the corruption reference against former...

Published 18 Nov, 2022 05:53am

Low-cost private schools: PMIC committed to providing financial services

ISLAMABAD: Pakistan Microfinance Investment Company (PMIC) is committed to provide financial services to low-cost...

Published 18 Nov, 2022 05:53am

The Regulation of Mines and Oilfields and Mineral Development [Government Control] Act, 1948: Section 7 may be treated as stand-alone statute, SC told

ISLAMABAD: Former law minister Farogh Naseem has submitted before the Supreme Court that the incorporation of ...

Published 18 Nov, 2022 05:53am

PARTLY FACETIOUS: ZB does receive some spiritual guidance

“So any lessons learned?” “As a race we Pakistanis are not given to learning any lessons from our mistakes or...

Published 18 Nov, 2022 05:53am

Governor calls for mobilising varsities to rehabilitate flood victims

LAHORE: Punjab Governor Muhammad Baligh Ur Rehman has called for mobilizing universities to help solve the ...

Published 18 Nov, 2022 05:53am

Rs12.20bn aid being given to 55,400 flood victims, says CM

LAHORE: Announcing that a total of Rs12.20 billion in aid is being given to 55,400 flood victims, Chief Minister...

Published 18 Nov, 2022 05:53am

PAC declares Hajj performed on govt expense as illegitimate

ISLAMABAD: The Public Accounts Committee (PAC) on Thursday declared free-of-cost government-sponsored Hajj...

Published 18 Nov, 2022 05:53am

Dates of Saudi crown prince’s visit being finalised: FO

ISLAMABAD: Foreign Office on Thursday explained that it had never announced the dates of the now postponed visit of...

Published 18 Nov, 2022 05:53am

General Bajwa visits Bahawalpur and Okara

RAWALPINDI: General Qamar Javed Bajwa, Chief of Army Staff (COAS) visited Bahawalpur and Okara Thursday as part of...

Updated 18 Nov, 2022 06:14am

Repatriation of funds from UK: NAB grills Vawda, hands over questionnaire to him

ISLAMABAD: The National Accountability Bureau (NAB) on Thursday questioned and handed over a questionnaire to former...

Published 18 Nov, 2022 05:53am

No one has right to disrupt vehicular traffic thru sit-ins: IHC

ISLAMABAD: The Islamabad High Court (IHC) on Thursday said no one has the right to disrupt commercial as well as...

Published 18 Nov, 2022 05:53am

Stocks

China stocks end lower

SHANGHAI: China stocks closed down on Thursday as a flare-up in domestic COVID-19 cases spurred concerns over more...

Published 18 Nov, 2022 05:53am

Stocks

FTSE 100 hits session lows, midcap stocks cut losses

BENGALURU: The FTSE 100 index hit session lows on Thursday, while midcap stocks cut losses sharply after UK Finance...

Published 18 Nov, 2022 05:53am

Stocks

US stocks decline on mixed economic data

NEW YORK: US stock indexes fell on Thursday as mixed economic data and hawkish comments from a Federal Reserve...

Published 18 Nov, 2022 05:53am

Putting the record straight: a rejoinder

In response to our article [FBR: dismal income tax collection, Business Recorder, November 11, 2022], the Federal...

Updated 18 Nov, 2022 10:29am

The Bridgetown Initiative

‘A perennial question hanging over UN climate conferences is how developing countries will finance their domestic...

Published 18 Nov, 2022 05:53am

Political gridlock may help US stocks but inflation still in driver’s seat

Split control of the US Congress following the midterm elections may provide a tailwind for stocks at the end of a...

Updated 18 Nov, 2022 06:19am

Letters

Climate action: talk the talk walk the walk

This is apropos a Business Recorder editorial “Pandemic fund” carried by the newspaper yesterday. The newspaper...

Published 18 Nov, 2022 05:53am

POF showcases new products at IDEAS-2022

KARACHI: POF has showcased new products in IDEAS-2022 being held at Expo Centre Karachi. POF has launched 125 ...

Published 18 Nov, 2022 05:53am

Harsh winter likely for flood affectees: Alkhidmat

KARACHI: The homeless flood affectees are feared to face a harsh winter with poor health conditions and lack of cosy...

Published 18 Nov, 2022 05:53am

Wahab hints at shifting heavy traffic to Lyari Expressway

KARACHI: Administrator of Karachi Barrister Murtaza Wahab on Thursday said that the traffic problems in half of the...

Published 18 Nov, 2022 05:53am

Threat of assassination still remains: Imran

LAHORE: Former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Thursday expressed fears ...

Published 18 Nov, 2022 05:53am

‘Haqeeqi Azadi’ march: SC disposes of JUI-F senator’s petition

ISLAMABAD: The Supreme Court disposed of JUI-F Senator Kamran Murtaza’s petition to stop Pakistan...

Published 18 Nov, 2022 05:53am

Punjab bans movie despite federal govt’s green-light

LAHORE: After the federal government decided to lift the ban on Pakistan’s Oscar nominee feature film ...

Published 18 Nov, 2022 05:53am

Prof Solaha Rahman elected KUTS president

KARACHI: Prof Dr Solaha Rahman of the Karachi University Teachers Forum was elected as the president of Karachi...

Published 18 Nov, 2022 05:53am

Vacant Senate seat: PPPP awards ticket to Waqar Mehdi

ISLAMABAD: The Pakistan People’s Party Parliamentarians (PPPP) has awarded its party ticket for the vacant Senate...

Published 18 Nov, 2022 05:53am

Panel for provision of quality healthcare services

ISLAMABAD: The Standing Committee on National Health Services and Regulations has directed the authorities for...

Published 18 Nov, 2022 05:53am

Minister expresses ignorance about any changes in Army Act

ISLAMABAD: As the capital is abuzz with rumours about the government’s plan to amend the Pakistan Army Act (PAA),...

Published 18 Nov, 2022 05:53am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 18 Nov, 2022 05:53am

Stocks

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

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

Published 18 Nov, 2022 05:53am

Stocks

Last date of renunciation/payment

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

Published 18 Nov, 2022 05:53am

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 18 Nov, 2022 05:53am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Thursday (November 17, 2022). ======================== Offer Price 1,261.9704...

Published 18 Nov, 2022 05:53am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Thursday (November 17, 2022). ========================...

Published 18 Nov, 2022 05:53am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Thursday (November 17, 2022). ========================...

Published 18 Nov, 2022 05:53am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (November 17, 2022). ========================== KIBOR...

Published 18 Nov, 2022 05:53am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Thursday (November 17, 2022)....

Published 18 Nov, 2022 05:53am

Rates

PSX remains range-bound

KARACHI: Pakistan Stock Exchange on Thursday witnessed range-bound session due to depreciating Pak Rupee against US...

Published 18 Nov, 2022 05:53am

Grains

Indian rice prices climb on higher demand

MUMBAI/HANOI /BANGKOK/DHAKA: Prices of rice shipped from top exporter India edged up this week on an uptick in...

Published 18 Nov, 2022 05:53am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 88,392 tonnes of cargo comprising 82,707 tonnes of import cargo and 5,685...

Published 18 Nov, 2022 05:53am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday (November 17, 2022)....

Published 18 Nov, 2022 05:53am

Cotton & Textile

Spot rate continues upward march on cotton market

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

Published 18 Nov, 2022 05:53am

Energy

Oil falls on easing geopolitical tensions

HOUSTON: Oil fell on Thursday as geopolitical tensions eased slightly and rising numbers of COVID-19 cases in China...

Published 18 Nov, 2022 05:53am

Grains

Raw sugar falls from seven-month peak

LONDON: Raw sugar futures fell on Thursday after hitting a seven-month high in the previous session on concerns over...

Published 18 Nov, 2022 05:53am

Energy

Energy sector: Govt wants to provide poor people chances for upward mobility: minister

ISLAMABAD: “The government’s vision for the energy sector is to energise the whole country as well as create the...

Published 18 Nov, 2022 05:53am

Commodities

Gold prices decline slightly

KARACHI: Gold prices on Thursday inched down on the local market, traders said. The prices dipped by Rs450 to...

Published 18 Nov, 2022 05:53am

Rates

LME official prices

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

Published 18 Nov, 2022 05:53am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (November 17, 2022)...

Published 18 Nov, 2022 05:53am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (November 17, 2022). ======================================= ...

Published 18 Nov, 2022 05:53am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 17, 2022)....

Published 18 Nov, 2022 05:53am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (November 17, 2022). ======================== Open ...

Published 18 Nov, 2022 05:53am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (November 17, 2022)....

Published 18 Nov, 2022 05:53am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (November 17, 2022)....

Published 18 Nov, 2022 05:53am

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 18 Nov, 2022 05:53am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Thursday (November 17, 2022)....

Published 18 Nov, 2022 05:53am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (November 17, 2022). ==================================== ...

Published 18 Nov, 2022 05:53am

Rates

BOARD MEETINGS

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

Published 18 Nov, 2022 05:53am

Rates

Dividend/Bonus Announcements

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

Published 18 Nov, 2022 05:53am

Rates

Proposed right issues

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

Published 18 Nov, 2022 05:53am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Thursday (November 17, 2022). ======================== OFFER ...

Published 18 Nov, 2022 05:53am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Thursday (November 17, 2022). ======================== OFFER PRICE...

Published 18 Nov, 2022 05:53am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Thursday (November 17, 2022). ======================== OFFER PRICE...

Published 18 Nov, 2022 05:53am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Thursday (November 17, 2022). ======================== OFFER PRICE...

Published 18 Nov, 2022 05:53am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Thursday (November 17, 2022). ======================== OFFER PRICE...

Published 18 Nov, 2022 05:53am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Thursday (November 17, 2022). ======================== OFFER PRICE...

Published 18 Nov, 2022 05:53am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Thursday (November 17, 2022). ======================== OFFER PRICE...

Published 18 Nov, 2022 05:53am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Thursday (November 17, 2022). ======================== OFFER PRICE...

Published 18 Nov, 2022 05:53am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Thursday (November 17, 2022). ======================== OFFER PRICE...

Published 18 Nov, 2022 05:53am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Thursday (November 17, 2022). ======================== OFFER PRICE...

Published 18 Nov, 2022 05:53am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Thursday (November 17, 2022). ======================== Offer Price...

Published 18 Nov, 2022 05:53am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Thursday (November 17, 2022). ======================== Offer Price...

Published 18 Nov, 2022 05:53am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Thursday (November 17, 2022). ======================== Offer ...

Published 18 Nov, 2022 05:53am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Thursday (November 17, 2022). ======================== Offer Price...

Published 18 Nov, 2022 05:53am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Thursday (November 17, 2022). ======================== Offer Price...

Published 18 Nov, 2022 05:53am

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 18 Nov, 2022 05:53am

Forex

Open market rates of foreign currencies

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

Published 18 Nov, 2022 05:53am

Targeted assistance: IMF appears ready to take the long view

Talks on 9th review of International Monetary Fund Enhanced Fund Facility further delayed

Updated 18 Nov, 2022 09:54am

Drop in inward dollar flows to hurt PKR: Imran Khan

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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