News Archives for Print - 2023-02-18

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Print - 2023-02-18

Safety Ambassadors Programme: TikTok to launch first-ever offline digital safety activation

KARACHI: TikTok, continuing its efforts towards user safety in Pakistan, is set to launch it’s first-ever offline...

Published 18 Feb, 2023 03:33am

SC suspends transfer of CCPO Lahore

ISLAMABAD: The Supreme Court suspended the transfer of the City Chief Police Officer (CCPO), Lahore, Ghulam Mahmood...

Published 18 Feb, 2023 03:33am

JI condemns hike in prices of POL products

KARACHI: Jamaat-e-Islami (JI) Karachi chief Engr Hafiz Naeemur Rehman has strongly condemned the coalition ...

Published 18 Feb, 2023 03:33am

Letters

Dar has stated the obvious, but…

This is apropos a Business Recorder news item ‘Pakistan to welcome investment from UAE: Dar’ carried by the...

Published 18 Feb, 2023 03:33am

General election: President invites CEC to ‘urgent’ meeting on 20th

ISLAMABAD: President Dr Arif Alvi has invited the Chief Election Commis-sioner (CEC) of Pakistan, Sikandar Sultan...

Published 18 Feb, 2023 03:33am

ECP explains its position

ISLAMABAD: The Election Commission of Pakistan (ECP) on Friday explained its constitutional position, saying being a...

Published 18 Feb, 2023 03:33am

IK says ‘Jail Bharo Tehreek’ to commence on 22nd

LAHORE: Pakistan Tehreek-e-Insaf Chairman Imran Khan on Friday announced the launch of ‘jail bharo’ (volunteer...

Published 18 Feb, 2023 03:33am

BBC tax raids put India press freedom in spotlight

Just weeks after the BBC aired a documentary examining Indian Prime Minister Narendra Modi’s role in deadly 2002...

Published 18 Feb, 2023 03:33am

European firms strike high-stakes bond deals

European firms are selling debt that can be converted into their own shares at an unrelenting pace, as they seek...

Published 18 Feb, 2023 03:33am

Turkey-Syria earthquake: destruction should serve as a lesson to all of us

On Feb. 6, a 7.8-magnitude earthquake jolted southern Turkey near the northern border of Syria. This quake was...

Published 18 Feb, 2023 03:33am

Watch thy neighbours–I

Economic strength of a nation determines its political and global weightage. India is one example which is making ...

Published 18 Feb, 2023 03:33am

Opposition concerned over sales of narcotics in various city areas

KARACHI: The opposition in the Sindh Assembly again voiced concerns over open sales of narcotics in different...

Published 18 Feb, 2023 03:33am

1,800 TCF schools: Jazz digitally enabling TCF to implement tech-enabled learning

KARACHI: Jazz, Pakistan’s leading digital operator and a part of VEON Group, is digitally enabling The Citizens...

Published 18 Feb, 2023 03:33am

Imran responsible for present situation: Murtaza

HYDERABAD: Advisor to Chief Minister of Sindh on Law Barrister Murtaza Wahab has said that just as justice and...

Published 18 Feb, 2023 03:33am

Former judge Malik Qayum passes away

LAHORE: Former judge of the Lahore High Court (LHC) Malik Muhammad Qayum 78 passed away on Friday. A large number...

Published 18 Feb, 2023 03:33am

ECP approaches LHC against decision of announcing election date

LAHORE: The Election Commission of Pakistan (ECP) on Friday approached the Lahore High Court against the decision of...

Published 18 Feb, 2023 03:33am

CTD conducts search, combing operation in limits of Golra police station

ISLAMABAD: The Counter Terrorism Department (CTD) of the capital police on Friday carried out a search and combing...

Published 18 Feb, 2023 03:33am

CM vows to ensure quality healthcare facilities to masses

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi chaired a meeting at his office to review progress on health...

Published 18 Feb, 2023 03:33am

Ahsan briefed over improvements in civil service recruitment, training

ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal chaired a high-level meeting to...

Published 18 Feb, 2023 03:33am

‘TEVTA working actively for promotion of technical education’

LAHORE: Senior Director General Technical Education and Vocational Training Authority (TEVTA) Akhtar Abbas Bharwana...

Published 18 Feb, 2023 03:33am

Jul-Jan petroleum group imports show negative growth

ISLAMABAD: Petroleum group imports witnessed a negative growth of 9.27 percent during the first seven months...

Published 18 Feb, 2023 03:33am

Supply of fertilizers to farmers at fixed rates directed

LAHORE: Additional Secretary Agriculture (Task Force) Punjab Muhammad Shabbir Ahmad Khan has directed the officers ...

Published 18 Feb, 2023 03:33am

IMF lending won’t help govt address economy’s basic flaws: Mian Zahid

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

Published 18 Feb, 2023 03:33am

Japan govt honours Kalim Farooqui

KARACHI: Odagiri Toshio, Consul-General of Japan in Karachi, on behalf of the Government of Japan, presented Kalim...

Published 18 Feb, 2023 03:33am

Industry

APTMA ‘North Zone’ warns govt against withdrawal of RCET

LAHORE: Chairman All Pakistan Textile Mills Association (APTMA) North Zone Hamid Zaman has expressed the...

Published 18 Feb, 2023 03:33am

Promotion of agri-business in Sindh: PPAF distributes Rs269m matching grants among 128 beneficiaries

KARACHI: Pakistan Poverty Alleviation Fund (PPAF) has distributed matching grants worth Rs 269 million amongst 128...

Published 18 Feb, 2023 03:33am

PARTLY FACETIOUS: One bite at a time

“So where is the most hated man in this country?” “For Nawalas, the one bite at a time supporters of Mian...

Published 18 Feb, 2023 03:33am

The Weather

KARACHI: The weather report on Friday (February 17, 2023) and the forecast for Saturday (February 18, 2023)...

Published 18 Feb, 2023 03:33am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 18 Feb, 2023 03:33am

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 Feb, 2023 03:33am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Friday (February 17, 2023). ======================== OFFER PRICE...

Published 18 Feb, 2023 03:33am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Friday (February 17, 2023). ======================== OFFER PRICE...

Published 18 Feb, 2023 03:33am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Friday (February 17, 2023). ======================== OFFER PRICE...

Published 18 Feb, 2023 03:33am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Friday (February 17, 2023). ======================== OFFER PRICE...

Published 18 Feb, 2023 03:33am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Friday (February 17, 2023). ======================== Offer Price...

Published 18 Feb, 2023 03:33am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Friday (February 17, 2023). ======================== Offer Price...

Published 18 Feb, 2023 03:33am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Friday (February 17, 2023). ======================== Offer ...

Published 18 Feb, 2023 03:33am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Friday (February 17, 2023). ======================== Offer Price...

Published 18 Feb, 2023 03:33am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Friday (February 17, 2023). ======================== Offer Price...

Published 18 Feb, 2023 03:33am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Friday (February 17, 2023). ======================== Offer Price 1,274.5754 Bid...

Published 18 Feb, 2023 03:33am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Friday (February 17, 2023). ========================...

Published 18 Feb, 2023 03:33am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Friday (February 17, 2023). ========================...

Published 18 Feb, 2023 03:33am

Rates

Stock market edges up

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

Published 18 Feb, 2023 03:33am

PSO receivables reach Rs734bn

ISLAMABAD: The receivables of Pakistan State Oil (PSO) have reached Rs 734 billion including Rs 163 billion late...

Updated 18 Feb, 2023 08:53am

Maiden auction: Govt borrows Rs5.5bn via Ijarah Sukuk

Sukuk is also approved by the Shariah Advisory Committee of the SBP to ensure its adherence to Islamic law

Updated 18 Feb, 2023 01:00pm

Finance (Supplementary) Bill 2023: Senate adopts recommendations

ISLAMABAD: The Upper House of the parliament saw a fiery debate on the Finance (Supplementary) Bill, 2023, on Friday...

Updated 18 Feb, 2023 09:00am

‘Mini-budget’ Dar takes the flak from opposition, govt MNAs alike

Lawmakers say mini-budget is meant to crush the poor under skyrocketing inflation

Updated 18 Feb, 2023 01:33pm

PD official testifies before NA panel ‘Electricity worth Rs380bn is stolen every year’

ISLAMABAD: Power Division Secretary Rashid Mehmood Langrial on Friday testified before the National Assembly...

Updated 18 Feb, 2023 08:59am

KE seeks Rs635bn allocation for Tariff Differential Subsidy

ISLAMABAD: K-Electric has sought allocation of Rs 635 billion for Tariff Differential Subsidy (TDS) in supplementary...

Updated 18 Feb, 2023 08:53am

Armed men attack KPO; three terrorists killed

KARACHI: Law Enforcement Agencies cleared the office of the Karachi police chief after a fierce gun-battle, police...

Updated 18 Feb, 2023 08:52am

Quake-hit people in Turkiye: PM says will meet tent manufacturers after return

ADIYAMAN: Prime Minister Shehbaz Sharif on Friday said the earthquake in Turkiye was a wake-up call to the...

Updated 18 Feb, 2023 08:57am

10pc WHT imposed on sales of shares for documentation

ISLAMABAD: The government has imposed a 10 percent withholding tax at the time of sales of shares of the companies...

Updated 18 Feb, 2023 08:57am

Energy, debt payments: Lucky Electric seeks amendment to existing allocation formula

ISLAMABAD: Lucky Electric Power Company has sought amendment to existing allocation formula by adopting the ...

Published 18 Feb, 2023 03:33am

US underscores need for undertaking economic reform

ISLAMABAD: The United States has asked Pakistan for undertaking economic reform and improving the regulatory...

Updated 18 Feb, 2023 08:57am

PPIB announces COD of 330MW ThalNova Power Project

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has announced achievement of Commercial Operation Date...

Published 18 Feb, 2023 03:33am

Power breakdown in Jan: NTDC, NPCC, Nepra held responsible

ISLAMABAD: Inquiry committee constituted by the Cabinet headed by Minister of State for Petroleum and Natural...

Updated 18 Feb, 2023 08:56am

Bucher Papers: let truth prevail

EDITORIAL: As India’s first Prime Minister Jawaharlal Nehru ordered his army chief Gen Sir Roy Bucher to “go...

Published 18 Feb, 2023 03:33am

Implementing the austerity plan

EDITORIAL: While it is certainly appreciated that the prime minister agreed to the “comprehensive set of...

Published 18 Feb, 2023 03:33am

FED on beverages/juices under mini-budget: FBR chairman assures to resolve issue

ISLAMABAD: Chairman Federal Board of Revenue (FBR) on Friday assured Aaron Fishman, Commercial Counselor US Embassy...

Published 18 Feb, 2023 03:33am

Business, industrial community reject mini-budget

KARACHI: business and industrial community has rejected the mini budget increase in taxes, increase in oil price and...

Published 18 Feb, 2023 03:33am

14th Karachi Literature Festival inaugurated

KARACHI: The much-awaited 14th edition of the Karachi Literature Festival (KLF) has commenced, marking the beginning...

Published 18 Feb, 2023 03:33am

Commodities

Gold prices fall sharply

KARACHI: Gold prices on Friday lost a big value on the local market, traders said. The rates slumped by Rs2800 to...

Published 18 Feb, 2023 03:33am

The Finance (Supplementary) Bill 2023: an analysis

INCOME TAX: CAPITAL GAIN ON DISPOSAL OF SECURITIES OTHER THAN THROUGH STOCK EXCHANGE/NCCPL Capital gains arising on...

Updated 18 Feb, 2023 04:04am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (February 17, 2023). ======================== Open Bid...

Published 18 Feb, 2023 03:33am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (February 17, 2023)....

Published 18 Feb, 2023 03:33am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (February 17, 2023)....

Published 18 Feb, 2023 03:33am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (February 17, 2023). ==================================== BR...

Published 18 Feb, 2023 03:33am

Rates

BOARD MEETINGS

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

Published 18 Feb, 2023 03:33am

Rates

Proposed right issues

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

Published 18 Feb, 2023 03:33am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Friday (February 17, 2023). ======================== OFFER PRICE...

Published 18 Feb, 2023 03:33am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Friday (February 17, 2023). ======================== OFFER PRICE...

Published 18 Feb, 2023 03:33am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Friday (February 17, 2023). ======================== OFFER PRICE...

Published 18 Feb, 2023 03:33am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Friday (February 17, 2023). ======================== OFFER PRICE...

Published 18 Feb, 2023 03:33am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Friday (February 17, 2023). ======================== OFFER PRICE 1,447.1810...

Published 18 Feb, 2023 03:33am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Friday (February 17, 2023). ======================== OFFER PRICE...

Published 18 Feb, 2023 03:33am

China ministry meets refiners for update on Russian oil trade

SINGAPORE: China’s commerce ministry has met independent oil refiners to discuss their deals with Russia, five...

Published 18 Feb, 2023 03:33am

SPI inflation up 2.89pc WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) based inflation for the week ended February 16, 2023, recorded an...

Published 18 Feb, 2023 03:33am

Procurement of used vessels: PNSC unlikely to get permission as PPRA opposes proposal

ISLAMABAD: The Pakistan National Shipping Corporation (PNSC) is unlikely to get permission to procure second-hand...

Published 18 Feb, 2023 03:33am

Jul-Jan textile group exports down 8.17pc YoY

ISLAMABAD: The country’s textile group exports declined by around 8.17 percent during the first seven months...

Published 18 Feb, 2023 03:33am

Industry

Public-private EPZs: rules and regulations in final stages: PSM chief

KARACHI: The Export Processing Zone Authority (EPZA) and Pakistan Steel Mills Chairman Dr Saifuddin Junejo have said...

Published 18 Feb, 2023 03:33am

Industry

LCCI invites chambers to prepare joint proposals for next budget

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) on Friday invited all the chambers of commerce and...

Published 18 Feb, 2023 03:33am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.89 ▲ 0.78 (10.97%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Liven Pharma / Dec 18 Liven Pharma Limited(LIVEN)	70.30 ▲ 6.39 (10.00%)

Stock	Price
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.39
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	61,257,582 ▼ -0.50
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▼ -0.16
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 0.45
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 3.03
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.26
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	33,824,377 ▲ 0.85
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -6.73

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