News Archives for Print - 2023-04-01

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Print - 2023-04-01

July-March: FBR suffers massive shortfall of Rs304bn

ISLAMABAD: Despite imposition of additional taxes of Rs 170 billion on February 14, the Federal Board of Revenue...

Published 01 Apr, 2023 07:24am

POL products’ prices kept unchanged

ISLAMABAD: The federal government on Friday kept the prices of petrol and high-speed diesel (HSD) unchanged for the...

Published 01 Apr, 2023 07:21am

Incremental power consumption: ZRI ‘categories’ may be allowed to benefit from plan: APTMA urges PD

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has requested Power Division (PD) to allow Zero Rated...

Published 01 Apr, 2023 07:19am

Wells Fargo fined $100m for sanctions violations

WASHINGTON: The US Federal Reserve Board and the Treasury announced fines Thursday for Wells Fargo bank totaling...

Published 01 Apr, 2023 07:16am

Political disputes: PBC again offers to hold APC

ISLAMABAD: The Pakistan Bar Council (PBC) reiterated its earlier stance that it is ready to arrange an All Parties...

Published 01 Apr, 2023 06:21am

Female judge threatening case: Court converts IK’s non-bailable arrest warrants into bailable ones

ISLAMABAD: A local court on Friday converted Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s non-bailable...

Published 01 Apr, 2023 06:21am

Youm-e-Babul Islam: a day to renew dedication to the pursuit of truth and the elevation of our faith

KARACHI: The 10th day of Ramazan holds great significance in Islamic history, and it is celebrated annually as...

Published 01 Apr, 2023 06:21am

Alvi ask insurance co to make payment against widow’s claim

ISLAMABAD: President Dr Arif Alvi has directed an insurance company to pay the death insurance claim to the widow of...

Published 01 Apr, 2023 06:21am

Sindh to appoint district HR officers

KARACHI: Sindh Human Rights Department has decided in principle to appoint District Human Rights Officers across the...

Published 01 Apr, 2023 06:21am

Karachi, Faisalabad, Lahore: LUMS hosts events for donors, alumni to laud their unwavering support

LAHORE: Investing in education is a time-tested way forward to create a significant impact of strengthening...

Published 01 Apr, 2023 06:21am

Minister visits flour distribution centres

FAISALABAD: Caretaker Provincial Minister of Industry and Commerce/ In-charge of Free Flour Scheme Faisalabad...

Published 01 Apr, 2023 06:21am

PCB clarifies position on Asia and World Cups

LAHORE: The Pakistan Cricket Board (PCB) has clarified the position taken by its Chairman Management Committee Najam...

Published 01 Apr, 2023 06:21am

Federal Ombudsman lauds prison reforms in Punjab

LAHORE: Appreciating the measures taken for the improvement of prisons in Punjab, Federal Ombudsman Ejaz Ahmed...

Published 01 Apr, 2023 06:21am

LHC allows appeal of Millat Tractors

LAHORE: The Lahore High Court allowed an appeal of Millat Tractors Limited and held that SRO 563 does not apply to...

Published 01 Apr, 2023 06:21am

Talks should only focus on free and fair polls: Fawad

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Senior Vice President Fawad Chaudhry has said that they were in favour of a...

Published 01 Apr, 2023 06:21am

PTDC holds workshop to improve skills of tour guides

ISLAMABAD: The Pakistan Tourism Development Corporation (PTDC) has taken various measures to promote tourism in...

Published 01 Apr, 2023 06:21am

Alkhidmat seeks donations for free water supply project

KARACHI: Alkhidmat Karachi on Friday appealed to the wealthy section of the society to donate for its clean projects...

Published 01 Apr, 2023 06:21am

The Weather

KARACHI: The weather report on Friday (March 31, 2023) and the forecast for Saturday (April 01, 2023)...

Published 01 Apr, 2023 06:21am

Rates

PSX stages comeback

KARACHI: Pakistan Stock Exchange Friday witnessed a rangebound session, however fresh buying at the fag end ...

Published 01 Apr, 2023 06:21am

Ration distribution in Karachi turns into big tragedy: 11 killed

KARACHI: At least 11 people including eight women lost their lives as result of a stampede during a Zakat ration...

Published 01 Apr, 2023 06:21am

Justices Isa, Aminuddin: SC registrar disregards verdict

ISLAMABAD: The Registrar Supreme Court disregarded the judgment of Justice Qazi Faez Isa and Justice Aminuddin Khan...

Updated 01 Apr, 2023 08:46am

US says it has ‘deep security partnership’ with Pakistan

WASHINGTON: The United States has a deep security partnership with Pakistan including counterterrorism efforts and...

Published 01 Apr, 2023 06:21am

IK says ready for talks within ‘ambit of constitution’

LAHORE: Pakistan Tehreek-e-Insaf Chairman Imran Khan has said that he was ready for negotiations but it should be...

Published 01 Apr, 2023 06:21am

Full court demand: Nation won’t accept ‘one-man show’, says SAPM

ISLAMABAD: Prime Minister’s Special Assistant Ataullah Tarar, Friday, while stressing the need for a full court...

Published 01 Apr, 2023 06:21am

Asad Mehmood meets caretaker CM: Punjab mulls linking Bahawalpur with motorway

LAHORE: Federal Communications Minister Asad Mahmood met with caretaker Chief Minister Punjab Mohsin Naqvi at his...

Published 01 Apr, 2023 06:21am

NA body decides to take step aimed at ensuring presence of VC of IUB at next meeting

ISLAMABAD: The National Assembly Standing Committee on Federal Education and Professional Training decided to issue...

Published 01 Apr, 2023 06:21am

Ambassador Farukh meets Bilawal

ISLAMABAD: Ambassador Farukh Amil, Chair of the Intellectual Property Organization of Pakistan called on Bilawal...

Published 01 Apr, 2023 06:21am

Acquisition of CDC shares: Pre-merger application of PSX cleared by CCP

ISLAMABAD: The Competition Commission of Pakistan (CCP) has cleared the pre-merger application of Pakistan Stock...

Published 01 Apr, 2023 06:21am

Election delay case: Govt demands full court, says wants ‘collective wisdom’ of institutions to resolve crises

ISLAMABAD: The federal government on Friday demand a full court bench of the Supreme Court of Pakistan to hear the...

Published 01 Apr, 2023 06:21am

Terrorist gunned down in Sibi: ISPR

RAWALPINDI: The security forces on Friday killed a terrorist and injured two in an intelligence-based operation ...

Published 01 Apr, 2023 06:21am

PARTLY FACETIOUS: Understanding lawyers’ fees

“Ali Zafar, a Senator and The Khan’s lawyer in several key cases…” “Does the one follow the other?”...

Published 01 Apr, 2023 06:21am

Deep reluctance now profoundly evident

The lenders, commercial banks or bilateral lenders, while processing the loan application assess the borrower’s...

Updated 01 Apr, 2023 07:03am

Overcoming barriers to female labour force participation–I

According to the Global Gender Gap Report 2021, Pakistan ranked 153rd out of 156 countries on the gender parity ...

Updated 01 Apr, 2023 07:09am

Letters

‘The farce of caretaker govts’

Business Recorder op-ed writer Muhammad Waqar Rana has presented a highly fascinating perspective on the current...

Published 01 Apr, 2023 06:21am

Grains

Punjab Cabinet allows purchase of 300,000MT of wheat from Passco

LAHORE: Punjab Cabinet, which met here Friday, accorded approval to purchase 300,000 metric tonnes additional wheat...

Published 01 Apr, 2023 06:21am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (March 31, 2023). ======================== Open Bid Rs...

Published 01 Apr, 2023 06:21am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (March 31, 2023)....

Published 01 Apr, 2023 06:21am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (March 31, 2023)....

Published 01 Apr, 2023 06:21am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 01 Apr, 2023 06:21am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (March 31, 2023). ==================================== BR...

Published 01 Apr, 2023 06:21am

Rates

BOARD MEETINGS

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

Published 01 Apr, 2023 06:21am

Rates

Proposed right issues

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

Published 01 Apr, 2023 06:21am

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 Apr, 2023 06:21am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Friday (March 31, 2023). ======================== OFFER PRICE...

Published 01 Apr, 2023 06:21am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Friday (March 31, 2023). ======================== OFFER PRICE...

Published 01 Apr, 2023 06:21am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Friday (March 31, 2023). ======================== OFFER PRICE ...

Published 01 Apr, 2023 06:21am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Friday (March 31, 2023). ======================== OFFER PRICE 1,056.3136...

Published 01 Apr, 2023 06:21am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Friday (March 31, 2023). ======================== OFFER PRICE 1,458.8216 ...

Published 01 Apr, 2023 06:21am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Friday (March 31, 2023). ======================== OFFER PRICE...

Published 01 Apr, 2023 06:21am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Friday (March 31, 2023). ======================== OFFER PRICE ...

Published 01 Apr, 2023 06:21am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Friday (March 31, 2023). ======================== OFFER PRICE ...

Published 01 Apr, 2023 06:21am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Friday (March 31, 2023). ======================== OFFER PRICE ...

Published 01 Apr, 2023 06:21am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Friday (March 31, 2023). ======================== OFFER PRICE ...

Published 01 Apr, 2023 06:21am

Renewable energy sector: PM urges UAE firm to make investment

Assures that the government would extend all possible facilitation in this regard

Updated 01 Apr, 2023 08:51am

China has rolled over $2bn loan, Dar tells Senate

ISLAMABAD: Finance Minister Ishaq Dar has claimed that China has rolled over for a year its two billion dollars loan...

Updated 01 Apr, 2023 08:49am

Rating downgrades may have added to IMF’s concerns: Pasha

ISLAMABAD: For successful completion of the 9th review under the International Monetary Fund’s Extended Fund...

Updated 01 Apr, 2023 08:48am

If not effected, up to 9pc of amount to be marked as lien: SBP asks exporters to bring in delayed proceeds by 30th

KARACHI: The State Bank of Pakistan (SBP) Friday asked exporters to bring delayed export proceeds to Pakistan by...

Updated 01 Apr, 2023 08:50am

SBP seen raising key rate to record 22pc as inflation bites

KARACHI: The Monetary Policy Committee of the State Bank of Pakistan (SBP) will meet on Tuesday, April 04, 2023 at...

Updated 01 Apr, 2023 08:48am

All categories of consumers: Nepra approves Rs3.23/ unit surcharge

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has formally approved surcharge of Rs 3.23 per...

Updated 01 Apr, 2023 08:42am

SNGPL told to supply gas to 2 urea plants for interim period sans subsidy

ISLAMABAD: The Directorate General of Gas (Petroleum Division) has directed Sui Northern Gas Pipeline Limited ...

Updated 01 Apr, 2023 08:45am

Election delay case: SC rejects govt’s full court plea

ISLAMABAD: The Supreme Court rejected the Attorney General for Pakistan (AGP)’s request to constitute a Full Court...

Updated 01 Apr, 2023 08:44am

Exchange rate, POL prices: Inflation may stay at elevated level: MoF

ISLAMABAD: Inflation is expected to stay at an elevated level due to exchange rate depreciation and recent upward...

Published 01 Apr, 2023 06:21am

SPI inflation down 0.36pc WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) based inflation for the week ended March 30, 2023, recorded a ...

Published 01 Apr, 2023 06:21am

Jul-Mar CGT collection of PSX stands at Rs4.3bn

ISLAMABAD: The capital gains tax (CGT) collection from Pakistan’s stock exchange stood at Rs4.3 billion during...

Updated 01 Apr, 2023 08:45am

Corporate farming: LHC stays handing over of land to army

LAHORE: The Lahore High Court (LHC) has stayed the handing over of 45267 acres of state land on lease to the army ...

Updated 01 Apr, 2023 08:47am

Trump to face criminal charges

NEW YORK: Donald Trump is due to be fingerprinted and photographed in a New York courthouse next week as he becomes...

Published 01 Apr, 2023 06:21am

Taxes

Towel makers demand release of ST refunds

KARACHI: The Chairman of the Towel Manufacturers Association of Pakistan, Tahir Jahangir stated that the month of...

Published 01 Apr, 2023 06:21am

Energy

LPG cylinders: Ogra decreases rate

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Friday notified a Rs 49 per kg decrease on both domestic...

Published 01 Apr, 2023 06:21am

Public debt increases to Rs52.721trn by Dec 2022

ISLAMABAD: Pakistan’s public debt has increased to Rs 52.721 trillion by December 2022 from Rs 49.194 trillion end...

Published 01 Apr, 2023 06:21am

Pakistan: into the great economic abyss

EDITORIAL: Pakistan Stock Exchange remains sluggish with brokers citing the delay in the staff-level agreement on...

Published 01 Apr, 2023 06:21am

‘A nightmare for everyone’

EDITORIAL: An international rights advocacy organisation, Human Rights Watch, has issued a damning report on the...

Published 01 Apr, 2023 06:21am

Shah for allocating 15pc of GDP to construction of dams

ISLAMABAD: Federal Minister for Water Resources, Khursheed Shah Friday said there is need to allocate 15 percent of...

Updated 01 Apr, 2023 06:43am

Commodities

Gold slightly higher

KARACHI: Gold prices on Friday saw some gains on the local market, traders said. They grew by Rs700 to Rs208700 per...

Published 01 Apr, 2023 06:21am

Taxes

Increased FED on cigarettes to hurt interests of farmers of economically marginalized areas

LAHORE: Tobacco farmers of KPK’s economically marginalised areas have warned that recent exorbitant increase in...

Published 01 Apr, 2023 06:21am

FPCCI urges SBP to cut policy rate by 250bps

LAHORE: The Policy Advisory Board, Federation of Pakistan Chambers of Commerce (FPCCI) has urged the State Bank of...

Published 01 Apr, 2023 06:21am

Energy

Nepra chief highlights importance of SCADA-III

LAHORE: Chairman National Electricity Power Regulatory Authority (Nepra) has said that effective and timely...

Published 01 Apr, 2023 06:21am

Industry

Honda Atlas extends plant shutdown till 15th

KARACHI: Honda Atlas Cars (Pakistan) Limited has announced the extension in the shutdown of its production plant for...

Published 01 Apr, 2023 06:21am

Money & Banking

Meezan Bank surpasses $1.5bn deposit inflows under RDA

KARACHI: Meezan Bank, Pakistan’s leading Islamic bank has surpassed $1.5 billion in deposit inflows under Roshan...

Published 01 Apr, 2023 06:21am

Money & Banking

Bank Alfalah signs MoU with SAWiE

KARACHI: Bank Alfalah has signed a MoU with SAWiE, a digital platform offering smart farm advisory services to...

Published 01 Apr, 2023 06:21am

Industry

China’s JD.com to spin off industrial, property units

HONG KONG: Chinese e-commerce firm JD.com Inc said on Thursday it planned to spin off its property and industrial...

Published 01 Apr, 2023 06:21am

Money & Banking

FINCA collaborates with CIRCLE Women

LAHORE: FINCA Microfinance Bank Limited (FMBL) has announced collaboration with CIRCLE Women to encourage women’s...

Published 01 Apr, 2023 06:21am

Industry

KATI welcomes SBP for removing CMR condition on imported goods

KARACHI: Korangi Association of Trade and Industry (KATI) President Faraz-ur-Rehman has welcomed the State Bank’s...

Published 01 Apr, 2023 06:21am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	155.66
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
Nasdaq / Jan 21	19,756.78
Dow Jones / Jan 21	44,025.81
India Sensex / Jan 22	76,197.90
Tokyo Nikkei / Jan 22	39,646.25
Hang Seng / Jan 22	19,778.77
FTSE 100 / Jan 22	8,579.82
Germany DAX 30 / Jan 22	21,258.81

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Crude Oil USD/Barrel / Jan 22	75.52
Gold Spot USD/Ounce / Jan 22	2,751.94
Cotton US¢/pound / Jan 22	67.34
Petrol/Litre / Jan 23	256.13

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.49 ▲ 0.96 (10.07%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	24.29 ▲ 2.21 (10.01%)
Pak Elektron (Pref) / Jan 22 Pak Elektron Limited (Preference)(PELPS)	14.94 ▲ 1.36 (10.01%)
Ashfaq Textile / Jan 22 Ashfaq Textile Mills Limited(ASHT)	15.51 ▲ 1.41 (10.00%)
Crescent Cotton / Jan 22 Crescent Cotton Mills Limited(CCM)	54.45 ▲ 4.95 (10.00%)
Fecto Cement / Jan 22 Fecto Cement Limited(FECTC)	116.40 ▲ 10.58 (10.00%)
Fateh Sports / Jan 22 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10.00%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.30 ▼ -0.70 (-11.67%)
Nagina Cot. / Jan 22 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Zahid Jee Textile / Jan 22 Zahidjee Textile Mills Limited(ZAHID)	27.21 ▼ -3.00 (-9.93%)
Gulistan Sp. / Jan 22 Gulistan Spinning Mills Limited(GUSM)	11.58 ▼ -1.26 (-9.81%)
TPL Life Insur. / Jan 22 TPL Life Insurance Limited(TPLL)	51 ▼ -5.50 (-9.73%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.05 ▼ -5.27 (-9.70%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	55.98 ▼ -5.92 (-9.56%)
Mari Energies / Jan 22 Mari Energies Limited(MARI)	598 ▼ -61.53 (-9.33%)
Hala Enterprise / Jan 22 Hala Enterprises Limited(HAEL)	12.10 ▼ -1.21 (-9.09%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.04
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	99,158,485 ▼ -0.07
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	83,500,175 ▲ 3.03
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.02
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.23
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.08
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 1.04
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.10
Fauji Foods Ltd / Jan 22 Fauji Foods Limited(FFL)	18,601,390 ▼ -0.41

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