News Archives for Print - 2023-01-13

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Print - 2023-01-13

Energy

Ogra notifies decline in prices of LNG

ISLAMABAD: The Oil and Gas Regulating Authority (OGRA), on Thursday, notified a decline in the prices of LNG for the...

Published 13 Jan, 2023 07:12am

Economist sees GDP growth in negative arena

ISLAMABAD: All economic indications of the first six months of the current year suggest that Pakistan’s GDP growth...

Published 13 Jan, 2023 07:07am

Refund ‘suspension’: Paapam says tractor parts-manufacturing SMEs facing severe liquidity crunch

LAHORE: At least 300 tractor parts manufacturing SMEs have been forced to shut their units amidst a total crash in...

Published 13 Jan, 2023 07:02am

Issues related to foreign exchange to be addressed soon: SBP governor

KARACHI: Governor of State Bank of Pakistan (SBP) Jameel Ahmad has assured the business community of resolving the...

Updated 13 Jan, 2023 10:55am

Beneficiaries of BISP: PAC body to recover Rs19bn from govt employees’ spouses

ISLAMABAD: The Public Accounts Committee (PAC), on Thursday, constituted an inquiry committee of the Auditor General...

Published 13 Jan, 2023 06:56am

Heavy snowfall likely due to above normal rains

LAHORE: Heavy snowfall is expected ahead due to above normal rains during spring season, said the Pakistan...

Published 13 Jan, 2023 06:05am

Extra time sought to fix prices of Naan, Roti

LAHORE: Following a protest demonstration staged by the Mutthida Naan Roti Association in front of the Civil...

Published 13 Jan, 2023 06:05am

Inter-varsity championship: GCU women’s basketball team wins opening match

LAHORE: The Government College University (GCU) Lahore’s women’s basketball team has performed exceptionally ...

Published 13 Jan, 2023 06:05am

Nutshell Group honours KPC body

KARACHI: Nutshell Group hosted a lunch in the honor of newly elected members and governing body of the Karachi Press...

Published 13 Jan, 2023 06:05am

FFBL clarification

ISLAMABAD: FFBL reviewed the article and would like to state factual position concerning FFBL’s efficiency, as...

Published 13 Jan, 2023 06:05am

Sindh govt trying to ease energy crisis, says minister

KARACHI: Sindh Energy Minister Imtiaz Sheikh said on Thursday that the provincial government was playing its full...

Published 13 Jan, 2023 06:05am

Biden on defensive over classified documents

WASHINGTON: US President Joe Biden said on Thursday “a small number” of classified documents had been found at...

Published 13 Jan, 2023 06:05am

South Asia

India, US establish new trade group to bolster supply chains

NEW DELHI: India and the United States have established a new working group to build sustainable supply chains and...

Published 13 Jan, 2023 06:05am

Alvi approves Pakistan Medical & Dental Council Bill

ISLAMABAD: President Dr Arif Alvi on Thursday gave his assent to the Pakistan Medical and Dental Council Bill, 2022,...

Published 13 Jan, 2023 06:05am

PSDP meetings: NHA chairman takes note of absence of senior officials

ISLAMABAD: The National Highways Authority (NHA) is facing serious issues in the settlement of audit paras as well ...

Published 13 Jan, 2023 06:05am

Verifying fingerprints of senior citizens: Nadra introduces AI-based solution

ISLAMABAD: The National Database and Registration Authority (NADRA) on Thursday introduced an Artificial...

Published 13 Jan, 2023 06:05am

NA body members discuss ways to ease ongoing crisis

KARACHI: Chairman of the National Assembly’s Standing Committee on Finance and Revenue Qaiser Ahmed Sheikh has...

Published 13 Jan, 2023 06:05am

General elections can’t be held on one man’s desire: CM

ISLAMABAD: Sindh Chief Minister Syed Murad Ali Shah on Thursday said that general elections could not be held on the...

Published 13 Jan, 2023 06:05am

Mechanism for developing National Halal Grade Framework discussed

LAHORE: All the best international practices including framework already developed by the OIC for Halal Food...

Published 13 Jan, 2023 06:05am

IK’s strategy leaves ‘gang of crooks’ red-faced: PTI

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) leadership on Thursday said that party chairman Imran Khan’s bold...

Published 13 Jan, 2023 06:05am

Toshakhana reference: IHC annoyed with PTI for challenging same case in two courts

ISLAMABAD: The Islamabad High Court (IHC) on Thursday expressed its annoyance with the Pakistan Tehreek-e-Insaf ...

Published 13 Jan, 2023 06:05am

IBCC says CP equivalent to HSSC science group

KARACHI: The Career-related Programme (CP) has been officially recognised by Pakistan’s Inter Board Committee of...

Published 13 Jan, 2023 06:05am

Withdrawal of order: Elahi says governor has endorsed his point of view

LAHORE: Chief Minister of Punjab Chaudhry Pervaiz Elahi said on Thursday that Punjab governor, by withdrawing his...

Published 13 Jan, 2023 06:05am

Arrangements in place for country’s first digital census: PBS official

ISLAMABAD: The country is going to hold a digital census for the first time this year, with all the preparations...

Published 13 Jan, 2023 06:05am

Descon partners with foreign firm to provide services in Gulf states

KARACHI: Descon Engineering, a leading engineering enterprise in the region, has joined hands with KBR, a leading...

Published 13 Jan, 2023 06:05am

July-December 2022: Anti-smuggling activities in Karachi result in detections worth Rs10bn

ISLAMABAD: Chief Collector of Customs (Enforcement), Karachi, on Friday said that the enforcement and anti-smuggling...

Published 13 Jan, 2023 06:05am

Alvi summons NA session on 16th

ISLAMABAD: President Dr Arif Alvi has summoned a session of the National Assembly on January 16 (Monday) at 5pm....

Published 13 Jan, 2023 06:05am

148 cases of street crimes reported in 24 hours

KARACHI: Within 24 hours, as many as 148 incidents of street crimes were reported in the jurisdiction of seven...

Published 13 Jan, 2023 06:05am

The Weather

KARACHI: The weather report on Thursday (January 12, 2023) and the forecast for Friday (January 13, 2023)...

Published 13 Jan, 2023 06:05am

Rates

PSX exhibits mixed mode

KARACHI: Pakistan Stock Exchange on Thursday witnessed mixed trend as the investors remained cautious and avoided to...

Published 13 Jan, 2023 06:05am

Nawaz, Zardari and Fazl discuss Punjab situation

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) Quaid Nawaz Sharif on Thursday held telephonic conversations with ...

Published 13 Jan, 2023 06:05am

Karachi, Hyderabad: PSP, Farooq faction, MQM-P reunite ahead of LG polls

KARACHI: Pak Sarzameen Party (PSP) and MQM Bahali Committee of Farooq Sattar have formally announced the merger with...

Published 13 Jan, 2023 06:05am

Senate body briefed about privatisation process

ISLAMABAD: The Senate Standing Committee on Privatization’s meeting was held on Thursday which took up...

Published 13 Jan, 2023 06:05am

PTI to file reference against MPAs skipping ‘vote of confidence’

LAHORE: Punjab Assembly Speaker Sabtain Khan has said that the Pakistan Tehreek-e-Insaf (PTI) would file a reference...

Published 13 Jan, 2023 06:05am

BoI secy holds e-kachehri

ISLAMABAD: Board of Investment (BoI) Secretary Asad Rehman Gilani chaired BoI’s 8th e-kachehri, here on Thursday....

Published 13 Jan, 2023 06:05am

Pakistani citizens: US announces expansion of interview waiver eligibility

ISLAMABAD: The United States, on Thursday, announced the expansion of interview waiver eligibility for Pakistani...

Updated 13 Jan, 2023 11:00am

Two more months given: PML-N ‘reprimanded’ for its failure to hold intra-party elections

ISLAMABAD: The poll body on Thursday “reprimanded” the central ruling party Pakistan Muslim League Nawaz (PML-N)...

Published 13 Jan, 2023 06:05am

‘Sexual harassment’ inside HC in Delhi: Pakistan looking into allegations: FO

ISLAMABAD: Foreign Office said on Thursday that while it is looking into an alleged case of “sexual harassment”...

Published 13 Jan, 2023 06:05am

Alvi exhorts stakeholders to put aside differences, hold talks

ISLAMABAD: President Dr Arif Alvi has expressed his serious concerns about Pakistan’s economy and said if all...

Published 13 Jan, 2023 06:05am

Elahi kicks off Rs8.65bn emergency, trauma centre project

LAHORE: Inaugurating construction work of Rs 8.65 billion new emergency and trauma center project of Jinnah ...

Published 13 Jan, 2023 06:05am

Mazdoor Card launched to facilitate ‘secured’ industrial workers: secretary

FAISALABAD: “Mazdoor Card has been launched in collaboration with Bank of Punjab to facilitate the secured...

Published 13 Jan, 2023 06:05am

Punjab governor withdraws order about CM’s removal

LAHORE: After securing a vote of confidence by Chief Minister Chaudhry Parvez Elahi, Punjab Governor Balighur Rehman...

Published 13 Jan, 2023 06:05am

Partly Facetious: A technical glitch

“How goes it?” “Which year is this?” “2023 why?” “Could someone let the Finance Minister know which...

Published 13 Jan, 2023 06:05am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 78,889 tonnes of cargo comprising 62,564 tonnes of import cargo and 16,325...

Published 13 Jan, 2023 06:05am

Stocks

Indian shares drop ahead of inflation data

BENGALURU: Indian shares fell for the third session in a row on Thursday, with investors on edge ahead of earnings...

Published 13 Jan, 2023 06:05am

Stocks

China stocks seesaw in thin trading ahead of holidays

SHANGHAI: China stocks ended slightly higher on Thursday after swinging between modest gains and losses in thin...

Published 13 Jan, 2023 06:05am

Stocks

Banks, homebuilders push FTSE 100 higher

LONDON: UK’s FTSE 100 closed higher on Thursday with banks and homebuilders among top gainers, while data showing ...

Published 13 Jan, 2023 06:05am

Stocks

Most Gulf markets rise on higher oil prices

DUBAI: Most major Gulf equities closed higher on Thursday, tracking global peers and oil prices higher on optimism...

Published 13 Jan, 2023 06:05am

Stocks

Wall St rises in volatile trade as investors assess inflation data

NEW YORK: Wall Street’s main indexes rose in choppy trade on Thursday as cooling inflation supported bets of...

Published 13 Jan, 2023 06:05am

Road to self-sustainability

During the last few decades, global economies have been facing tough challenges. The recent spell started in March...

Updated 13 Jan, 2023 07:28am

Global economic challenges and prospects for 2023

A few days before the release of World Bank’s flagship ‘Global Economic Prospects’ (GEP) January 2023 report...

Updated 13 Jan, 2023 07:33am

Managing sovereign default

Nations can and do periodically default on their sovereign debt, despite the fact that they do so comparatively...

Updated 13 Jan, 2023 07:41am

Lurid new ‘partygate’ details imperil Johnson comeback

Former UK prime minister Boris Johnson has made no secret of his hopes of a dramatic political comeback. But the...

Published 13 Jan, 2023 06:05am

Letters

Politics is a different ball game

Things in Punjab seem to have become a lot stranger and murkier than before. Pakistan Tehreek-e-Insaf (PTI) chief...

Published 13 Jan, 2023 06:05am

Rates

LME official prices

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

Published 13 Jan, 2023 06:05am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (January 12, 2023)...

Published 13 Jan, 2023 06:05am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (January 12, 2023). ======================================= Offset...

Published 13 Jan, 2023 06:05am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 12, 2023)....

Published 13 Jan, 2023 06:05am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (January 12, 2023)....

Published 13 Jan, 2023 06:05am

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 13 Jan, 2023 06:05am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Thursday (January 12, 2023)....

Published 13 Jan, 2023 06:05am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 13 Jan, 2023 06:05am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (January 12, 2023). ==================================== BR...

Published 13 Jan, 2023 06:05am

Rates

BOARD MEETINGS

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

Published 13 Jan, 2023 06:05am

Stocks

Last date of renunciation/payment

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

Published 13 Jan, 2023 06:05am

Rates

Proposed right issues

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

Published 13 Jan, 2023 06:05am

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 13 Jan, 2023 06:05am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (January 12, 2023). ========================== KIBOR...

Published 13 Jan, 2023 06:05am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Thursday (January 12, 2023)....

Published 13 Jan, 2023 06:05am

Russia all set to discuss oil, LNG deals during IGC

Islamabad and Moscow are already in close contact to import Russian wheat

Updated 13 Jan, 2023 11:05am

Germany inks two framework agreements worth Euro 28m

ISLAMABAD: The Government of Pakistan and Germany signed two framework agreements -amounting Euro 28 million...

Updated 13 Jan, 2023 08:46am

Deal signed with SFD to finance oil derivatives worth $1bn

ISLAMABAD: The Saudi Fund for Development (SFD) and Pakistan, on Thursday, signed a new agreement to finance oil...

Updated 13 Jan, 2023 08:47am

UAE to loan $1bn, roll over another $2bn

ABU DHABI: The United Arab Emirates agreed on Thursday to lend $1 billion to Pakistan and roll over an existing $2...

Updated 13 Jan, 2023 08:48am

LG polls won’t be held in Karachi, Hyderabad, Dadu on Jan 15: Sindh govt

KARACHI: In a major development, the Sindh government announced on late Thursday night that the local government...

Updated 13 Jan, 2023 08:48am

Mills to get quotas for sugar export on basis of installed capacity

ISLAMABAD: The government is to allocate sugar quota to mills for exports on the basis of their installed capacity...

Updated 13 Jan, 2023 08:49am

Dissolution of Punjab, KPK PAs in sight

CM Elahi signs summary for dissolving Punjab Assembly

Updated 13 Jan, 2023 08:50am

Crisis of shortage of raw material in industries intensifies

KARACHI: The crisis of shortage of raw materials has further intensified in industries across the country due to...

Updated 13 Jan, 2023 08:51am

Pakistan Customs launches ‘Linking International Values’ system

ISLAMABAD: Directorate General Valuation (Customs), Karachi has launched LIVE (Linking International Values) system...

Updated 13 Jan, 2023 08:52am

Fund for construction of dams: Amount increased to Rs16.53bn, SC told

ISLAMABAD: The Supreme Court was informed that the amount in dams fund has increased to Rs 16.53 billion, which in...

Updated 13 Jan, 2023 08:52am

Kuwait Petroleum Corporation dues: PSO asks PD to provide $220m payment

ISLAMABAD: Pakistan State Oil (PSO) on Thursday asked the Petroleum Division for a payment of $220 million to Kuwait...

Updated 13 Jan, 2023 08:54am

Energy

PM forms body for comprehensive review of Nepra law

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a committee headed by the former prime minister, Shahid...

Published 13 Jan, 2023 06:05am

Bulk cargoes imported by govt begin arriving at Gwadar port

ISLAMABAD: The Gwadar port has started receiving government imports of bulk cargoes as three consecutive vessels...

Published 13 Jan, 2023 06:05am

Money & Banking

FWB declares PLS profit rate

KARACHI: The First Women Bank (FWB) has declared the following profit rates on PLS deposit for half year ended...

Published 13 Jan, 2023 06:05am

Industry

PHMA calls for PM’s intervention over SBP’s restrictions

LAHORE: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has lamented that the import restriction ...

Published 13 Jan, 2023 06:05am

Commodities

Dalian iron ore higher on strong China demand optimism

MANILA: Dalian iron ore futures edged higher on Thursday while the Singapore benchmark price steadied near a...

Published 13 Jan, 2023 06:05am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 14.493...

Published 13 Jan, 2023 06:05am

Energy

US natgas jumps on higher demand forecast

NEW YORK: US natural gas futures rose about 6% on Thursday on forecasts for higher demand this week than previously...

Published 13 Jan, 2023 06:05am

Commodities

ICE canola futures slide for third day

WINNIPEG, (Manitoba): ICE canola futures slipped for a third straight session on Wednesday, pressured by commercial...

Published 13 Jan, 2023 06:05am

Energy

Asia’s re-grade hits three-week high on sell-off

SINGAPORE: Asia’s re-grade, also known as the discount between jet fuel and 10 ppm sulphur gasoil, widened to a...

Published 13 Jan, 2023 06:05am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday (January 12, 2023)....

Published 13 Jan, 2023 06:05am

Cotton & Textile

Cotton spot rate stable amid modest business

LAHORE: The local cotton market on Thursday remained firm and the trading volume remained satisfactory. Cotton...

Published 13 Jan, 2023 06:05am

Energy

VLSFO premium rises as inventories decline

NEW DELHI: Asia’s very low sulphur fuel oil (VLSFO) market gained on Thursday after stocks at Singapore trading ...

Published 13 Jan, 2023 06:05am

Commodities

Gold rises after US inflation data ease concerns

NEW YORK: Gold prices pared gains after earlier jumping more than 1% to above the key $1,900 per ounce pivot on...

Published 13 Jan, 2023 06:05am

Commodities

Copper hits 7-month peak as US consumer prices fall

LONDON: Copper prices touched a seven-month high on Thursday after US consumer prices unexpectedly fell, brushing...

Published 13 Jan, 2023 06:05am

Energy

Oil up more than $1 on US inflation data

NEW YORK: Oil prices rose by more than $1 a barrel on Thursday, extending gains after figures showed U.S consumer...

Published 13 Jan, 2023 06:05am

Money & Banking

Dollar falls to nearly 9-month low vs euro

NEW YORK: The US dollar tumbled to a nearly 9-month low against the euro on Thursday after US inflation data...

Published 13 Jan, 2023 06:05am

Palm oil hovers near three-week lows on slow exports

Commodities

Gold price up by Rs1,100 per tola

KARACHI: Gold prices on Thursday regained a sizeable value on the local market, traders said. The prices grew by Rs...

Published 13 Jan, 2023 06:05am

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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