News Archives for Print - 2022-12-20

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Print - 2022-12-20

No-trust motion moved against Punjab CM, PA speaker

LAHORE: The Pakistan Muslim League-Nawaz and Pakistan People’s Party moved a no-confidence motion against Chief...

Published 20 Dec, 2022 07:24am

Briefing on Diamer-Bhasha Dam sought: Senate panel discusses sedimentation at Tarbela Dam

ISLAMABAD: The Senate Standing Committee on Water Resources Monday sought a detailed briefing on Diamer Bhasha Dam ...

Published 20 Dec, 2022 07:22am

Pak diaspora urged to play role in tech transfer

ISLAMABAD: President Dr Arif Alvi has called upon the Pakistani diaspora in North America and Europe to create...

Published 20 Dec, 2022 07:20am

Minority communities: Nadra has registered 4.43m people so far: chairman

ISLAMABAD: Chairman National Database and Registration Authority (Nadra) Tariq Malik on Monday said that the...

Published 20 Dec, 2022 07:17am

ATC extends interim bail of IK, others

ISLAMABAD: The Anti-Terrorism Court (ATC), Monday, extended the interim bail of Pakistan Tehreek-e-Insaf (PTI)...

Published 20 Dec, 2022 07:15am

Consignments, LCs: Useful meeting with SBP governor held: minister

KARACHI: Federal Minister of Commerce, Syed Naveed Qamar Monday held a meeting with State Bank Governor Jameel Ahmad...

Published 20 Dec, 2022 07:13am

Europe

Dutch PM apologises for 250 years of slavery

THE HAGUE: Dutch Prime Minister Mark Rutte on Monday officially apologised for 250 years of the Netherlands’...

Published 20 Dec, 2022 07:09am

US Capitol panel mulls calling for charges against Trump

WASHINGTON: Lawmakers probing last year’s deadly assault on the US Capitol began a final public meeting Monday ...

Published 20 Dec, 2022 07:05am

Europe

Putin lands in Belarus for talks amid fears of new assault on Ukraine

KYIV: Russian President Vladimir Putin visited Belarus on Monday along with his defence and foreign ministers,...

Published 20 Dec, 2022 07:01am

Nestlé partners with WWF on training session for kids

LAHORE: Nestlé Pakistan is partnering with WWF-Pakistan to help teach the younger generation a more sustainable...

Published 20 Dec, 2022 06:59am

Energy

Czech OKD to keep CSM coal mine running

PRAGUE: Czech state-owned hard coal miner OKD will keep its CSM mine running until 2025, officials said, extending...

Published 20 Dec, 2022 06:56am

Companies

HNMPL, Shell Pakistan join hands to launch co-branded lubricant products

LAHORE: Hyundai Nishat Motor (Private) Limited (HNMPL) has collaborated with Shell, the leading global supplier of...

Published 20 Dec, 2022 06:52am

Stocks

Wall Street falls as recession worries persist

NEW YORK: US stock indexes fell on Monday, led by shares of Tesla and other megapcap companies, as investors feared...

Published 20 Dec, 2022 06:48am

Stocks

China stocks fall as Covid jitters outweigh policy support

SHANGHAI: China stocks saw their worst day in seven weeks on Monday, as concerns over surging COVID-19 cases...

Published 20 Dec, 2022 06:48am

Letters

PDM govt’s first and last option: Punjab CM

This is apropos a Business Recorder news item ‘PDM govt tries to size up post-IK situation’ carried by the...

Published 20 Dec, 2022 06:44am

Investors eye a new market in Central Europe: homes for rent

With rising interest rates and limited supply putting home ownership out of reach for a growing number of people in...

Published 20 Dec, 2022 06:39am

EU reaches gas price cap agreement at 180 euros/MWh

BRUSSELS: EU energy ministers on Monday overcame months of wrangling to agree a price cap for natural gas in the ...

Published 20 Dec, 2022 05:58am

Provincial HEC’s body visits SU

HYDERABAD: A 44-member team constituted by the Charter Inspection and Evaluation Committee (CIEC) of the Sindh ...

Published 20 Dec, 2022 05:58am

LG polls likely to be delayed in ICT

ISLAMABAD: The Local Government (LG) elections scheduled to be held on December 31 is likely to be delayed as the...

Published 20 Dec, 2022 05:58am

Nasir Rana appointed AC judge

ISLAMABAD: The government has appointed District and Sessions Judge Nasir Javed Rana as the new judge of the...

Published 20 Dec, 2022 05:58am

Senate body on housing expresses anger over non-completion of projects

ISLAMABAD: The Senate Standing Committee on Housing and Works, Monday, was informed by the officials of the Ministry...

Published 20 Dec, 2022 05:58am

Karachiites left at mercy of street criminals, says JI

KARACHI: Chief of the Karachi chapter of Jamaat-e-Islami (JI) Engr Naeemur Rehman has said that the Pakistan...

Published 20 Dec, 2022 05:58am

Sindh assembly passes bill for protection of human rights

KARACHI: The Sindh Assembly on Monday unanimously passed “the Sindh Protection of Human Rights (Amendment) Bill,...

Published 20 Dec, 2022 05:58am

Space technology vital for country’s growth: minister

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has said that the role of...

Published 20 Dec, 2022 05:58am

Pre-arrest bail of Buzdar extended till Jan 5

LAHORE: An accountability court extended the interim pre-arrest bail of Buzdar till January 05 in an inquiry...

Published 20 Dec, 2022 05:58am

ACCA’s Public Sector Conference: Event deliberates on challenges faced by finance professionals

LAHORE: ACCA’s Public Sector Conference looks at the challenges facing the public sector and suggests ways forward...

Published 20 Dec, 2022 05:58am

PML-N finalises strategy over PA dissolution

LAHORE: In the wake of political developments emerging after PTI Chairman Imran Khan’s plan to dissolve the...

Published 20 Dec, 2022 05:58am

LHC seeks details of Toshakhana gifts since 1947

LAHORE: The Lahore High Court (LHC) on Monday sought complete details of Toshakhana gifts since creation of Pakistan...

Published 20 Dec, 2022 05:58am

Audio leak inquiry: LHC gives Imran extra time to file rejoinder

LAHORE: The Lahore High Court (LHC) on Monday allowed time to a counsel of Chairman Pakistan Tehreek-e-Insaf (PTI)...

Published 20 Dec, 2022 05:58am

11 mother, child hospitals being set up in Punjab: minister

LAHORE: Inaugurating the 42nd annual international scientific symposium, Punjab Health Minister Dr Yasmin Rashid ...

Published 20 Dec, 2022 05:58am

PDWP approves nine more uplift schemes

LAHORE: The Punjab Provincial Development Working Party (PDWP) approved nine development schemes of various sectors...

Published 20 Dec, 2022 05:58am

PML-Q to keep on supporting PTI, says govt’s spokesperson

LAHORE: Punjab government’s spokesperson Musarat Jamshed Cheema has said that the decision to dissolve the...

Published 20 Dec, 2022 05:58am

19th Annual Excellence Awards - CFA Society Pakistan in pictures

Date: 6 December 2022 TEXT: Venue: Marriott Hotel, Karachi CFA Society Pakistan hosted distribution ceremony 19th...

Published 20 Dec, 2022 05:58am

Economic conditions to remain tough during current fiscal year 2022-23

TEXT: The Pakistani economy is passing through a perfect storm due to troubling international and domestic dynamics....

Published 20 Dec, 2022 05:58am

The Bank of Punjab (BOP)

TEXT: The Bank of Punjab (“BOP” or the “Bank”), established in 1989, is the second largest public sector...

Published 20 Dec, 2022 05:58am

19th Annual Excellence Awards 2022: Changes to the CFA® Program with effect from 2023

TEXT: The CFA® Program is a rigorous three-part exam for individuals who are passionate to make a career in ...

Published 20 Dec, 2022 05:58am

19th Annual Excellence Awards 2022: ABDUL REHMAN WARRAICH, CFA President CFA Society Pakistan

TEXT: The Annual Excellence Award Ceremony is the flagship event of CFA Society Pakistan which is organized yearly ...

Published 20 Dec, 2022 05:58am

19th Annual Excellence Awards 2022: JAMEEL AHMAD Governor State Bank of Pakistan

TEXT: I would like to acknowledge the efforts of the CFA Society Pakistan for successfully convening the 19th Annual...

Published 20 Dec, 2022 05:58am

MoU signed to raise awareness about Sehat card

LAHORE: The Punjab University and Punjab Health Initiative Management Company have signed a memorandum of...

Published 20 Dec, 2022 05:58am

Marriyum felicitates newly-elected office-bearers of journalists body

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb on Monday congratulated the newly-elected...

Published 20 Dec, 2022 05:58am

LHC asks provincial govt to release funds to lessen smog

LAHORE: The Lahore High Court on Monday adjourned the hearing of public interest petitions to December 23 and...

Published 20 Dec, 2022 05:58am

IRSA releases 70,300 cusecs water

ISLAMABAD: The Indus River System Authority (IRSA) on Monday released 70,300 cusecs water from various rim stations...

Published 20 Dec, 2022 05:58am

IHC disposes of woman’s plea seeking case against AIG’s husband

ISLAMABAD: The Islamabad High Court (IHC) on Monday disposed of a petition of a woman, seeking registration of case...

Published 20 Dec, 2022 05:58am

Governor summons PA session for vote of confidence

LAHORE: Punjab Governor Muhammad Baligh-ur-Rehman has summoned the Punjab Assembly session on Wednesday (December ...

Published 20 Dec, 2022 05:58am

Money & Banking

Faysal Bank gets ‘Best Bank of the Year 2021’ award

KARACHI: The CFA Society Pakistan hosted the 19th edition of its prestigious Annual Excellence Awards in Karachi to...

Published 20 Dec, 2022 05:58am

Plan to establish Khatam-ul-Nabiyeen (SAW) University approved

LAHORE: The Punjab government has decided to establish Khatam-ul-Nabiyeen (SAW) University in Lahore. The university...

Published 20 Dec, 2022 05:58am

Companies

CEO of Eighteen Elite Real Estate meets finance minister

ISLAMABAD: Tarek Hamdy, the CEO of Eighteen Elite Real Estate, called on federal Minister for Finance and Revenue...

Published 20 Dec, 2022 05:58am

Federal, KPK govts playing the blame game

ISLAMABAD: As militants continued to take an unknown number of officials of Bannu Counter-Terrorism Department (CTD)...

Published 20 Dec, 2022 05:58am

Eight passengers killed, 17 injured in Rojhan road traffic accident

RAJANPUR: At least eight passengers were died while five among 17 were seriously injured, when two buses had a head...

Published 20 Dec, 2022 05:58am

PARTLY FACETIOUS: What does ‘plundit’ mean?

“So 23 December it is.” “Indeed and the plundits have been in a tailspin since.” “Tailspin?” “In a...

Published 20 Dec, 2022 05:58am

Elahi okays Rs160bn ‘SIEN’ project for seven districts

LAHORE: Announcing the historic project of development of Punjab from Sutlej to Sindh, Chief Minister Punjab ...

Published 20 Dec, 2022 05:58am

Stocks

European shares regain ground after brutal sell-off last week

PARIS: European shares advanced on Monday, supported by the energy sector, after a bruising selloff last week ...

Published 20 Dec, 2022 05:58am

Cash surplus of provincial govts

The role of the four provincial governments has increased after the 18th Amendment. They have also become entitled ...

Published 20 Dec, 2022 05:58am

Has Imran Khan shot his bolt?

Imran Khan finally announced the date for the dissolution of the Punjab and Khyber Pakhtunkhwa provincial Assemblies...

Published 20 Dec, 2022 05:58am

Customs foils bid to smuggle foreign currency

KARACHI: The Collectorate of Customs, Karachi airport, on Monday foiled an attempt to smuggle a substantial amount ...

Published 20 Dec, 2022 05:58am

The Weather

KARACHI: The weather report on Monday (December 19, 2022) and the forecast for Tuesday (December 20, 2022)...

Published 20 Dec, 2022 05:58am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Monday (December 19, 2022)....

Published 20 Dec, 2022 05:58am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 20 Dec, 2022 05:58am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (December 19, 2022). ==================================== BR...

Published 20 Dec, 2022 05:58am

Stocks

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

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

Published 20 Dec, 2022 05:58am

Rates

BOARD MEETINGS

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

Published 20 Dec, 2022 05:58am

Rates

Board meetings in progress

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

Published 20 Dec, 2022 05:58am

Rates

Dividend/Bonus Announcements

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

Published 20 Dec, 2022 05:58am

Stocks

Last date of renunciation/payment

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

Published 20 Dec, 2022 05:58am

Rates

Proposed right issues

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

Published 20 Dec, 2022 05:58am

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 20 Dec, 2022 05:58am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Monday (December 19, 2022). ======================== OFFER PRICE...

Published 20 Dec, 2022 05:58am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Monday (December 19, 2022). ======================== OFFER PRICE...

Published 20 Dec, 2022 05:58am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Monday (December 19, 2022). ======================== OFFER PRICE...

Published 20 Dec, 2022 05:58am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Monday (December 19, 2022). ======================== OFFER PRICE...

Published 20 Dec, 2022 05:58am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Monday (December 19, 2022). ======================== OFFER PRICE 1,439.0316...

Published 20 Dec, 2022 05:58am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Monday (December 19, 2022). ======================== OFFER PRICE...

Published 20 Dec, 2022 05:58am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Monday (December 19, 2022). ======================== OFFER PRICE...

Published 20 Dec, 2022 05:58am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Monday (December 19, 2022). ======================== OFFER PRICE...

Published 20 Dec, 2022 05:58am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Monday (December 19, 2022). ======================== OFFER PRICE...

Published 20 Dec, 2022 05:58am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Monday (December 19, 2022). ======================== OFFER PRICE...

Published 20 Dec, 2022 05:58am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Monday (December 19, 2022). ======================== Offer Price...

Published 20 Dec, 2022 05:58am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Monday (December 19, 2022). ======================== Offer Price...

Published 20 Dec, 2022 05:58am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Monday (December 19, 2022). ======================== Offer ...

Published 20 Dec, 2022 05:58am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Monday (December 19, 2022). ======================== Offer Price...

Published 20 Dec, 2022 05:58am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Monday (December 19, 2022). ======================== Offer Price...

Published 20 Dec, 2022 05:58am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Monday (December 19, 2022). ======================== Offer Price 1,263.4934 Bid...

Published 20 Dec, 2022 05:58am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Monday (December 19, 2022). ========================...

Published 20 Dec, 2022 05:58am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Monday (December 19, 2022). ========================...

Published 20 Dec, 2022 05:58am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (December 19, 2022). ========================== KIBOR...

Published 20 Dec, 2022 05:58am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Monday (December 19, 2022)....

Published 20 Dec, 2022 05:58am

External sources: Jul-Nov govt borrowing rises to $5.114bn from $4.699bn YoY

ISLAMABAD: The government has borrowed $5.114 billion from multiple financing sources, including $1.166 billion from...

Updated 20 Dec, 2022 09:38am

Taxes

Dec 2022: FBR confident of achieving Rs965bn revenue target sans extra taxation steps

ISLAMABAD: The Federal Board of Revenue (FBR) is confident of achieving the revenue collection target of Rs965...

Updated 20 Dec, 2022 09:33am

Rates

Week begins on negative note

KARACHI: Pakistan Stock Exchange Monday remained under severe pressure due to heavy selling in almost all sectors on...

Published 20 Dec, 2022 05:58am

Energy

Net Metering Regulations: Nepra facing frustrating situation

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) is facing a frustrating situation in so far as...

Updated 20 Dec, 2022 12:37pm

Energy

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 30	277.85
USD PKR Interbank Buying / Oct 30	277.65
USD to Japanese Yen / Oct 30	153.03
USD to Swiss Franc / Oct 30	0.87
Pound Sterling to USD / Oct 30	1.29
Euro to USD / Oct 30	1.08

Stock	Volume
S&P 500 / Oct 30	5,813.67
India Sensex / Oct 30	79,850.58
Tokyo Nikkei / Oct 30	39,116.79
Nasdaq / Oct 30	18,607.93
Hang Seng / Oct 30	20,489.06
FTSE 100 / Oct 30	8,159.63
Dow Jones / Oct 30	42,141.54
Germany DAX 30 / Oct 30	19,257.34

Item	Value
Crude Oil USD/Barrel / Oct 30	68.95
Karachi Cotton PKR/37.32 KG / Oct 30	18,085
Gold 10 Grams PKR / Oct 30	246,403.40
Gold Spot USD/Ounce / Oct 30	2,786.14
Cotton US¢/pound / Oct 30	69.88
Petrol/Litre / Oct 31	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 31 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 31 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 31 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 31 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 31 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 31 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 31 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 31 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 31 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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