News Archives for Print - 2023-02-04

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Print - 2023-02-04

SECP revises date for IFRS 9 applicability

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has revised the effective date for ...

Updated 04 Feb, 2023 10:18am

Taxes

‘Tax liability on estimations’: FTO asks FBR to revisit its order

ISLAMABAD: While disposing of a complaint, the Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue...

Updated 04 Feb, 2023 10:18am

Stocks

Adani denies rise due to Modi as shares fall again

MUMBAI: Beleaguered Indian tycoon Gautam Adani denied Friday that his rise to become Asia’s richest man — a ...

Published 04 Feb, 2023 06:52am

Blinken scraps rare Beijing trip over alleged China spy balloon

WASHINGTON: US Secretary of State Antony Blinken on Friday scrapped a long-planned Beijing trip aimed at easing...

Published 04 Feb, 2023 06:48am

Taxes

‘No private consultancy, tax practice’: FBR employees asked to submit undertakings

ISLAMABAD: All Inland Revenue officials/ officers would submit undertakings/ declarations to the Federal Board of...

Published 04 Feb, 2023 06:47am

Taxes

Avoidance of double taxation: Draft convention signed with Afghanistan

ISLAMABAD: Pakistan and Afghanistan Friday signed draft Convention for Avoidance of Double Taxation. The ...

Updated 04 Feb, 2023 10:17am

Companies

Likely output dip in Feb, Mar: Indus Motor offering full refund with interest to customers

KARACHI: Amid the current economic crisis, Indus Motor Company (IMC) is offering a full refund with interest to its...

Updated 04 Feb, 2023 10:17am

Energy

Kati’s request: Rs7bn of incremental units owed by govt to be paid: Nepra

KARACHI: Chairman of National Electric Power Regulatory Authority (Nepra), Tauseef Farooqui has said that Rs7 ...

Updated 04 Feb, 2023 10:17am

EU reaches deal on Russian fuel price caps

BRUSSELS: European Union member states on Friday reached agreement on price caps for Russian petroleum products,...

Updated 04 Feb, 2023 10:16am

Indian refiners pay traders in dirhams for Russian oil

NEW DELHI: Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in...

Updated 04 Feb, 2023 10:15am

UVAS, Alltech Pakistan ink MoU

LAHORE: The University of Veterinary and Animal Sciences (UVAS) Lahore and Alltech Pakistan signed a memorandum of...

Published 04 Feb, 2023 06:08am

Party tickets PTI begins consultation process

LAHORE: The Pakistan Tehreek-e-Insaf (PTI) has initiated the consultation process on distribution of party tickets ...

Published 04 Feb, 2023 06:08am

KBP to observe ‘Kashmir Solidarity Day’ tomorrow

LAHORE: Kissan Board Pakistan (KBP) has announced to observe ‘Kashmir Solidarity Day’ falls on February 5 of...

Published 04 Feb, 2023 06:08am

Industry

Jan cement despatches increase 1.15pc YoY

LAHORE: The cement sector after six-month continuous decline has shown some recovery in January 2023 when its...

Published 04 Feb, 2023 06:08am

Court dismisses case against Imran Riaz

LAHORE: A city court on Friday dismissed a case registered by the Federal Investigation Agency (FIA) against TV...

Published 04 Feb, 2023 06:08am

Health levy bills: Implementation can help govt generate Rs105bn: PANAH SG

ISLAMABAD: The government can easily generate Rs105 billion by additionally taxing the tobacco and beverage industry...

Published 04 Feb, 2023 06:08am

APNS condoles death

KARACHI: Sarmad Ali, President and Nazafreen Saigol Lakhani, Secretary General of the All Pakistan Newspapers ...

Published 04 Feb, 2023 06:08am

TikTok updates account enforcement system to support creators

KARACHI: In order to support creators on the platform, TikTok announced an updated account enforcement system aimed...

Published 04 Feb, 2023 06:08am

Ahsan reviews performance of centres of excellence

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal on Friday...

Published 04 Feb, 2023 06:08am

The Weather

KARACHI: The weather report on Friday (February 03, 2023) and the forecast for Saturday (February 04, 2023)...

Published 04 Feb, 2023 06:08am

Rates

Equities plummet

KARACHI: Pakistan Stock Exchange Friday witnessed a mixed trend and after moving both ways, closed on a negative ...

Published 04 Feb, 2023 06:08am

Govt decides to bar state functionaries from accepting gifts of value above $500

ISLAMABAD: The federal government has decided to bar State functionaries from accepting gifts of value above US 500...

Published 04 Feb, 2023 06:08am

‘National flag on cars’: Govt takes notice of violations

ISLAMABAD: The government is likely to ban display of national flag on official cars after sunset besides barring...

Published 04 Feb, 2023 06:08am

5th August 2019: Pakistan asks India to reverse illegal actions

ISLAMABAD: Reiterating its steadfast and unequivocal support for Kashmiris right to self-determination until its ...

Updated 04 Feb, 2023 06:39am

17 die in van-container collision near Kohat tunnel

PESHAWAR: As many as 17 people died when a passenger flying coach collided near Kohat Tunnel. Both vehicles were...

Published 04 Feb, 2023 06:08am

SCBA’s plea to legal fraternity

ISLAMABAD: The Supreme Court Bar Association (SCBA) calls upon the entire legal fraternity to observe one-day...

Published 04 Feb, 2023 06:08am

KP spent Rs500bn on security in 10 years, says PTI’s Jhagra

ISLAMABAD: Former finance minister Khyber-Pakhtunkhwa Taimur Saleem Jhagra has stated that the provincial government...

Published 04 Feb, 2023 06:08am

Shaban moon sighting likely on 21st

KARACHI: The new moon for Shaban, 1444 AH is expected to be visible on the eve of Feb 21, 2023, the Met Office said...

Published 04 Feb, 2023 06:08am

Bilawal speaks at ‘National Prayer Breakfast’ in Washington

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari has emphasized the need to reaffirm ‘our belief’ in the...

Published 04 Feb, 2023 06:08am

Lawmakers underscore need for unity to fight terrorism

ISLAMABAD: The lawmakers in National Assembly on Friday continued debate on the recent wave of terrorist attacks in...

Published 04 Feb, 2023 06:08am

Wheat quota of flour mill suspended

LAHORE: Secretary Food Punjab Muhammad Zaman Wattoo on Friday suspended the wheat quota of a flour mill situated in...

Published 04 Feb, 2023 06:08am

Elections in Punjab: Counsel for governor seeks time to file reply in response to PTI’s plea

LAHORE: The Lahore High Court on Friday adjourned the hearing to February 09 on a petition of Pakistan...

Published 04 Feb, 2023 06:08am

Big rise in poverty, unemployment

The current combination of various negative factors is likely to lead to a big exponential jump in the number of...

Updated 04 Feb, 2023 07:11am

The crisis was foretold

Former Deputy Governor Dr Murtaza Syed in a hard-hitting article laments that the crisis facing the economy today...

Updated 04 Feb, 2023 07:24am

‘Each one feed one’

It was not long ago that there was this popular slogan “Each one teach one”. This slogan was originally an...

Published 04 Feb, 2023 06:08am

Europe looks to geothermal energy as gas alternative

The heating plant in Munich’s southern Sendling neighbourhood has been run for more than a century on gas, often...

Published 04 Feb, 2023 06:08am

Letters

Situation underscores need for greater unity

It is heartening to note that the criticality or enormity of twin challenges of rising terrorism and the combination...

Published 04 Feb, 2023 06:08am

PARTLY FACETIOUS: We have several varieties of curry

“What is the first sentiment that comes to mind when you think Pakistan?” “That’s a strange question, I ...

Updated 04 Feb, 2023 07:15am

CPJ flays arrest of broadcast journalist

NEW YORK: Pakistan authorities must immediately and unconditionally release journalist Imran Riaz Khan and cease...

Published 04 Feb, 2023 06:08am

Social media must be used for promoting positive trends: Maryam

LAHORE: Pakistan Muslim League-Nawaz (PML-N) senior vice president and chief organiser Maryam Nawaz said on Friday...

Updated 05 Feb, 2023 09:21am

Police Lines Peshawar blast: Sindh Govt announces Rs1m compensation package

PESHAWAR: The Sindh government has announced Rs1 million compensation package for the martyrs and Rs0.5 million each...

Published 04 Feb, 2023 06:08am

Tanda Dam boat disaster: Rescue operation ends, death toll rises to 52

PESHAWAR: The rescue operation at Tanda Dam was ended on Friday after five days whereas the death toll rose to 52...

Published 04 Feb, 2023 06:08am

President directs FBR to reconsider appointment of rejected candidate

ISLAMABAD: President Dr Arif Alvi on Friday directed FBR to reconsider the appointment of a candidate from Ex-FATA...

Published 04 Feb, 2023 06:08am

Kashmir Solidarity Day: Pakistanis asked to participate in demonstrations

ISLAMABAD: The government will continue to raise voice for the just struggle of their Kashmiri brothers and sisters...

Published 04 Feb, 2023 06:08am

Energy

Nepra approves IGCEP-2022

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved the Indicative Generation Capacity...

Published 04 Feb, 2023 06:08am

Anti-corporal punishment law: NA body asks for strict implementation

ISLAMABAD: The National Assembly Standing Committee on Federal Education and Professional Training appreciated the...

Published 04 Feb, 2023 06:08am

Sheikh Rasheed’s arrest: IHC summons Aabpara SHO along with record

ISLAMABAD: The Islamabad High Court (IHC), Friday, summoned the Station House Officer (SHO) Aabpara along with the...

Published 04 Feb, 2023 06:08am

CDA evicts seven PTI ex-MNAs from parliament lodges

ISLAMABAD: The Capital Development Authority (CDA) evicted seven ex-Members National Assembly of Pakistan...

Published 04 Feb, 2023 06:08am

Energy

160MVA transformer energised at 220kV Shikarpur grid station

LAHORE: The National Transmission & Despatch Company (NTDC) has successfully augmented the second 220/132 kV ...

Published 04 Feb, 2023 06:08am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (February 03, 2023). ======================== Open Bid...

Published 04 Feb, 2023 06:08am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (February 03, 2023)....

Published 04 Feb, 2023 06:08am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (February 03, 2023)....

Published 04 Feb, 2023 06:08am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 04 Feb, 2023 06:08am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (February 03, 2023). ==================================== BR...

Published 04 Feb, 2023 06:08am

Rates

BOARD MEETINGS

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

Published 04 Feb, 2023 06:08am

Stocks

Last date of renunciation/payment

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

Published 04 Feb, 2023 06:08am

Rates

Proposed right issues

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

Published 04 Feb, 2023 06:08am

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 04 Feb, 2023 06:08am

Alluding to PTI, PM asks where Rs417bn spent?

Prime Minister Shehbaz Sharif calls for forging unity to defeat anti-Pakistan elements

Updated 04 Feb, 2023 09:26am

Govt says ‘will have to’ agree to IMF conditions

PESHAWAR: Prime Minister Shehbaz Sharif said Friday the government would have to agree to IMF bailout conditions ...

Updated 04 Feb, 2023 09:26am

Imran steps up criticism of PDM govt

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Friday lashed out at Prime Minister Shehbaz Sharif ...

Updated 04 Feb, 2023 09:27am

COAS vows to root out menace of terrorism

ISLAMABAD: “We as a nation together will root out this menace of terrorism till enduring peace and insha’Allah ...

Updated 04 Feb, 2023 09:27am

PTI chief won’t attend APC: Umar

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Secretary General Asad Umar said on Friday that his party chief Imran Khan ...

Updated 04 Feb, 2023 09:27am

31 NA seats: ECP announces schedule for by-polls on March 19

ISLAMABAD: The Election Commission of Pakistan (ECP) would hold by-polls on another 31 National Assembly...

Updated 04 Feb, 2023 09:30am

Industry yet to export any amount of sugar

ISLAMABAD: The country’s sugar industry has not yet been able to export any amount of sugar out of 250,000 tons...

Updated 04 Feb, 2023 09:29am

‘IMF is giving Pakistan tough time’

ISLAMABAD: Prime Minister Shehbaz Sharif said on Friday the International Monetary Fund was giving his country a...

Updated 04 Feb, 2023 09:30am

RDA: pace of growth slightly lower

KARACHI: Inflows of Roshan Digital Accounts (RDA) maintained an upward momentum and rose to $5.63 billion at the end...

Updated 04 Feb, 2023 09:29am

Russian oil supply likely by April

Negotiations with Russia were finalised in 45 days: Petroleum State Minister Musadik Malik

Updated 04 Feb, 2023 09:13pm

SPI inflation up 2.82pc WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) based inflation for the week ended February 2, 2023, recorded an...

Updated 04 Feb, 2023 10:14am

‘Rules’ allow banks to seek asset details of civil servants

ISLAMABAD: The “Sharing of Declaration of Assets of Civil Servants Rules, 2023” allows commercial banks to seek...

Updated 04 Feb, 2023 09:28am

Commodities

Surge in gold, silver prices continues

KARACHI: Silver prices on Friday hit all-time highs with gold gaining more value on the local market, traders said....

Published 04 Feb, 2023 06:08am

Indonesian CG for further boosting trade ties

KARACHI: Consul General of Indonesia Dr June Kuncoro Hadiningrat has stressed the need to further strengthen the...

Published 04 Feb, 2023 06:08am

Industry

Two-day ‘Pakistan Chemical Expo 2023’ to begin on 7th

LAHORE: Chemical industry is the 3rd fastest growing industry in the world. According to a thoughtful estimate, more...

Published 04 Feb, 2023 06:08am

Industry

Turkish ambassador visits LCCI

LAHORE: Ambassador of Turkiye, Dr Mehmet Pacaci has said that both the countries would have to increase relations in...

Published 04 Feb, 2023 06:08am

Discos and their losses

EDITORIAL: Some things never change. Nepra’s (National Electric Power Regulatory Authority’s) Performance...

Published 04 Feb, 2023 06:08am

Symptoms of fissures

EDITORIAL: Even though there is the question of ‘ifs and buts’ engulfing the possibility of general election on...

Published 04 Feb, 2023 06:08am

Blinken singing an old tune

EDITORIAL: During a recent trip to Israel and the occupied West Bank, US Secretary of State Antony Blinken made a...

Published 04 Feb, 2023 06:08am

Energy

US natgas drops to 25-month low

NEW YORK: US natural gas futures fell about 3% to a 25-month low on Friday on forecasts for less cold weather and...

Published 04 Feb, 2023 06:08am

Energy

Energy sector played major role in sinking economy: PBIF chief

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and...

Published 04 Feb, 2023 06:08am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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