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 / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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