News Archives for Print - 2022-12-01

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Print - 2022-12-01

Industry

Conference held: MMBL’s women empowerment programme ‘WIN’ praised

ISLAMABAD: The Mobilink Microfinance Bank’s flagship women empowerment programme, the “Women Inspirational...

Published 01 Dec, 2022 07:39am

Navy seizes huge cache of drugs worth Rs8.6bn

KARACHI: Two Pakistan Navy ships in collaboration with the PN’s air unit seized approximately 5,800 kg of drugs in...

Published 01 Dec, 2022 07:38am

Only competent govt can ease economic crisis, says PTI leader

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Central Punjab General Secretary Hammad Azhar has said that the economy is on...

Published 01 Dec, 2022 07:36am

Four approved projects : P3A estimates corporate taxes, revenue share income by govt

ISLAMABAD: The Public Private Partnership Authority (P3A) has estimated that corporate taxes and revenue share ...

Published 01 Dec, 2022 07:35am

Energy

US natgas falls on high output

NEW YORK: US natural gas futures slipped more than 1% in choppy trading on Wednesday on forecasts for slightly less...

Published 01 Dec, 2022 07:19am

Energy

Swiss govt assures Punjab of assistance in hydel projects

LAHORE: Chief Minister of Punjab Chaudhry Parvez Elahi met Ambassador of Switzerland Georg Steiner at his office on...

Published 01 Dec, 2022 07:19am

Summit opened: US initiative to help improve country’s higher education sector

ISLAMABAD: The United States through its embassy in Islamabad has joined hands with the government of Pakistan to...

Published 01 Dec, 2022 07:15am

Half of world’s democracies in decline: watchdog

STOCKHOLM: Half of the world’s democracies are in a state of decline amid worsening civil liberties and rule of ...

Published 01 Dec, 2022 07:14am

Eurozone inflation falls for first time in 17 months

BRUSSELS: The eurozone annual inflation rate fell for the first time in 17 months in November as it slowed to 10...

Published 01 Dec, 2022 07:08am

Yellen says crypto-currencies need regulation

NEW YORK: US Treasury Secretary Janet Yellen on Wednesday said recent turmoil in the cryptocurrency market has not...

Published 01 Dec, 2022 07:06am

South Asia

At least 16 killed in Afghan madrassa blast

KABUL: At least 16 people were killed and 24 others wounded Wednesday by a blast at a madrassa in Afghanistan’s...

Published 01 Dec, 2022 07:03am

Companies

HSBC eyes New Zealand sale, axes UK branches as empire shrinks

LONDON: HSBC announced on Wednesday a possible sale of its New Zealand business and plans to close 114 branches in...

Published 01 Dec, 2022 06:53am

Auto Policy 2016-21: Local car assembling capacity jumps to 0.5m units per year: EDB CEO

ISLAMABAD: Pakistan’s local car assembling capacity per year has increased from 270,000 units to 500,000 within ...

Updated 01 Dec, 2022 11:48am

China has room for further ‘recalibration’ of zero-Covid policy: IMF

WASHINGTON: China has room to adjust its strict zero-Covid policy, the IMF said Wednesday, while underlining that ...

Published 01 Dec, 2022 06:45am

‘Apolitical’ institution has perturbed ‘puppet’ politicians: Bilawal

KARACHI: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Wednesday said that the...

Published 01 Dec, 2022 06:39am

Companies

CEO of Centaurus hosts UAE ambassador

ISLAMABAD: Sardar Yasir Ilyas Khan, CEO of Centaurus, hosted Hamad Obaid Ibrahim Saleem Al-Zaabi, the Ambassador of...

Published 01 Dec, 2022 06:35am

Rates

Proposed right issues

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

Published 01 Dec, 2022 05:47am

Stocks

Last date of renunciation/payment

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

Published 01 Dec, 2022 05:47am

Rates

Dividend/Bonus Announcements

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

Published 01 Dec, 2022 05:47am

Rates

BOARD MEETINGS

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

Published 01 Dec, 2022 05:47am

Stocks

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

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

Published 01 Dec, 2022 05:47am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (November 30, 2022). ====================================...

Published 01 Dec, 2022 05:47am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 01 Dec, 2022 05:47am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (November 30, 2022)....

Published 01 Dec, 2022 05:47am

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 01 Dec, 2022 05:47am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (November 30, 2022)....

Published 01 Dec, 2022 05:47am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 30, 2022)....

Published 01 Dec, 2022 05:47am

The Weather

KARACHI: The weather report on Wednesday (November 30, 2022) and the forecast for Thursday (December 01, 2022)...

Published 01 Dec, 2022 05:47am

All internet services restored: PTA

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) on Wednesday said that all internet services were restored...

Published 01 Dec, 2022 05:47am

Hopes for early winter season diminishing fast: PMD

LAHORE: Hopes for an early winter season are diminishing fast due to the non-availability of ongoing westerly waves...

Published 01 Dec, 2022 05:47am

Entire party supporting IK’s decision of leaving assemblies: Dr Yasmin

LAHORE: Punjab Health Minister Dr Yasmin Rashid has said that discussion on the dissolution of provincial assemblies...

Published 01 Dec, 2022 05:47am

Admission process for MBBS, BDS programmes starts today

KARACHI: Chairman Provincial admission committee Sindh and Vice Chancellor Dow University of Health Sciences,...

Published 01 Dec, 2022 05:47am

Cabinet has been asked to approve scheme: PQA plans to deepen port’s draft, widen its navigational channel

KARACHI: Chairman of the Port Qasim Authority Rear Admiral (retd) Syed Hasan Nasir Shah said on Wednesday that PQA ...

Published 01 Dec, 2022 05:47am

Spokesperson of Punjab govt explains PTI’s resignation policy

LAHORE: Punjab government spokesperson Musarat Jamshed Cheema said that the PTI should not resign but would dissolve...

Published 01 Dec, 2022 05:47am

IK felicitates COAS, CJCSC

ISLAMABAD: The former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Wednesday...

Published 01 Dec, 2022 05:47am

PML-N leader congratulates Malik Tahsin on assuming charge of Fesco BoD chairman

FAISALABAD: Central Senior Vice President Pakistan Muslim League (N) Youth Wing Rana Ahmed Shahryar Khan met Malik...

Published 01 Dec, 2022 05:47am

Companies

CMOs found to have missed many prescribed KPIs

ISLAMABAD: Cellular Mobile Operators (CMOs) have missed most of the Key Performance Indicators (KPIs) set in their...

Updated 01 Dec, 2022 11:35am

Forex

Open market rates of foreign currencies

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

Published 01 Dec, 2022 05:47am

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 01 Dec, 2022 05:47am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Friday (November 28, 2022)....

Published 01 Dec, 2022 05:47am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (November 30, 2022). ========================== ...

Published 01 Dec, 2022 05:47am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Wednesday (November 30, 2022). ======================== OFFER PRICE...

Published 01 Dec, 2022 05:47am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Wednesday (November 30, 2022). ======================== OFFER PRICE...

Published 01 Dec, 2022 05:47am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Wednesday (November 30, 2022). ======================== OFFER PRICE...

Published 01 Dec, 2022 05:47am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Wednesday (November 30, 2022). ======================== OFFER PRICE...

Published 01 Dec, 2022 05:47am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Wednesday (November 30, 2022). ======================== OFFER PRICE...

Published 01 Dec, 2022 05:47am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Wednesday (November 30, 2022). ======================== OFFER PRICE...

Published 01 Dec, 2022 05:47am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Wednesday (November 30, 2022). ======================== OFFER PRICE...

Published 01 Dec, 2022 05:47am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Wednesday (November 30, 2022). ======================== OFFER PRICE...

Published 01 Dec, 2022 05:47am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Wednesday (November 30, 2022). ======================== OFFER PRICE...

Published 01 Dec, 2022 05:47am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Wednesday (November 30, 2022). ======================== OFFER ...

Published 01 Dec, 2022 05:47am

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 01 Dec, 2022 05:47am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (November 30, 2022). =======================================...

Published 01 Dec, 2022 05:47am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (November 30, 2022)...

Published 01 Dec, 2022 05:47am

Rates

LME official prices

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

Published 01 Dec, 2022 05:47am

Letters

Lack of financial prudence

This is apropos a Business Recorder op-ed “Waiting for ‘manna from heaven’” carried by the newspaper...

Updated 01 Dec, 2022 06:25am

Australians fear for privacy as hackers steal personal data

When Emma, a lawyer, found out that details of her mental health problems had been breached in a massive cyberattack...

Published 01 Dec, 2022 05:47am

Role of LPG in gas crisis – II

Gas tariff and subsidies. Gas and electricity prices are politically sensitive issues. The IMF compares prices in ...

Updated 01 Dec, 2022 06:20am

Doesn’t matter who is/becomes FM

SBP’s (State Bank of Pakistan’s) surprise 100 basis point increase in its key policy rate (to a 24-year high of...

Updated 01 Dec, 2022 06:07am

Stocks

Indian shares rally for second month

BENGALURU: Indian shares closed at record highs for a fifth straight day on Wednesday, extending their daily rally ...

Published 01 Dec, 2022 05:47am

Stocks

China stocks end higher on Guangzhou Covid easing

HONG KONG: China and Hong Kong shares extended gains on Wednesday as market participants cheered an easing of...

Published 01 Dec, 2022 05:47am

Stocks

Dow falls ahead of Powell speech; Tesla shares boost Nasdaq

NEW YORK: Wall Street was mixed on Wednesday, with the Dow and S&P 500 down ahead of comments from Federal...

Published 01 Dec, 2022 05:47am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 160,854 tonnes of cargo comprising 137,256 tonnes of import cargo and 23,598...

Published 01 Dec, 2022 05:47am

PARTLY FACETIOUS: An ultimately retired army chief

“The outgoing army chief…” “How about the ultimately retired army chief!” “I can’t understand you...

Published 01 Dec, 2022 05:47am

BMP’s regional office opened in Faisalabad

FAISALABAD: A new regional office of Banking Mohtasib Pakistan (BMP) has been inaugurated at SBP BSC, Faisalabad...

Published 01 Dec, 2022 05:47am

PTI ‘starts’ preparations for general elections

LAHORE: The Pakistan Tehreek-e-Insaf (PTI) has started the preparations for the general elections by starting work ...

Published 01 Dec, 2022 05:47am

Kurram, Orakzai districts: UNDP Pakistan and Japan sign agreement on $3.9m project

ISLAMABAD: The United Nations Development Programme (UNDP) Pakistan and the government of Japan Wednesday signed an...

Published 01 Dec, 2022 05:47am

New army chief calls on PM

ISLAMABAD: Chief of Army Staff General Asim Munir after assuming the office held a meeting with Prime Minister...

Updated 01 Dec, 2022 11:00pm

Gas blast at coal mine kills 9 workers; 4 hurt

PESHAWAR: A gas blast at a coal mine killed nine workers in a northwestern Pakistani district on Wednesday, a...

Published 01 Dec, 2022 05:47am

Rates

Equities rangebound

KARACHI: Pakistan Stock Exchange Wednesday witnessed a rangebound session with low volumes as investors avoided...

Published 01 Dec, 2022 05:47am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (November 30, 2022)....

Published 01 Dec, 2022 05:47am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (November 30, 2022). ======================== Open ...

Published 01 Dec, 2022 05:47am

Art of the possible

EDITORIAL: PTI (Pakistan Tehreek-e-Insaf) Chairman Imran Khan’s decision to dissolve the Punjab and KP (Khyber...

Published 01 Dec, 2022 05:47am

Foreign investment: the rule of law matters

EDITORIAL: The Tehreek-e-Taliban Pakistan (TTP) has formally called off its ceasefire citing the ongoing military...

Published 01 Dec, 2022 05:47am

Commodities

Palm oil logs second consecutive monthly rise

KUALA LUMPUR: Malaysian palm oil futures on Wednesday logged gains for the second straight month as they ended ...

Published 01 Dec, 2022 05:47am

Commodities

Gold pares gains as US yields climb

NEW YORK: Gold prices pared gains on Wednesday due to an uptick in the US bond yields ahead a much awaited speech...

Published 01 Dec, 2022 05:47am

Energy

Oil up more than $2 on tight supply

LONDON: Oil prices rose by more than $2 on Wednesday on signs of tighter supply, a weaker dollar and optimism over a...

Published 01 Dec, 2022 05:47am

Energy

OPEC oil output drops in November: survey

LONDON: OPEC oil output has fallen in November, led by top exporter Saudi Arabia and other Gulf members, after the...

Published 01 Dec, 2022 05:47am

Commodities

Copper rises to near two-week high on weaker dollar

LONDON: Copper prices rose to their highest in nearly two weeks on Wednesday, boosted by a weaker dollar amid hopes...

Published 01 Dec, 2022 05:47am

Cotton & Textile

Subdued business on cotton market

LAHORE: The local cotton market on Wednesday remained bearish and the trading volume remained low. Commenting on ...

Published 01 Dec, 2022 05:47am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 30, 2022)....

Published 01 Dec, 2022 05:47am

Energy

VLSFO premiums up

SINGAPORE: Asia’s spot fuel oil cash premiums have rebounded through the month despite consistent supply arrivals....

Published 01 Dec, 2022 05:47am

Commodities

ICE canola

WINNIPEG, (Manitoba): ICE canola futures rose on Tuesday to a one-week high, supported by short-covering. Canola is...

Published 01 Dec, 2022 05:47am

Commodities

Japanese rubber lower

SINGAPORE: Japanese rubber futures inched lower on Wednesday, tracking losses in the Shanghai market and weaker...

Published 01 Dec, 2022 05:47am

Commodities

Dalian iron ore futures down

SINGAPORE: Dalian iron ore futures inched lower on Wednesday, as data showing a contraction in factory activity in...

Published 01 Dec, 2022 05:47am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 16.002...

Published 01 Dec, 2022 05:47am

Energy

Dastgir inaugurates 220kV grid station in Jhimpir

LAHORE: Federal Minister for Energy (Power Division), Engr Khurram Dastgir Khan inaugurated 220kV grid station...

Published 01 Dec, 2022 05:47am

Flour millers urge Punjab govt to increase wheat quota

Commodities

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 1	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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