News Archives for Print - 2023-05-06

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Print - 2023-05-06

South Asia

Two Indian soldiers killed in Kashmir clash

OCCUPIED SRINAGAR: Two soldiers were killed in Indian-Illegally Held Kashmir (IIOJK) on Friday, with the army ...

Published 06 May, 2023 06:47am

World food prices rise for first time in a year: FAO

ROME: The United Nations food agency’s world price index rose in April for the first time in a year, but is still...

Published 06 May, 2023 06:45am

Oil prices jump but still on track for third weekly fall

HOUSTON: Oil prices jumped on Friday but were set for a third straight week of losses after sharp declines earlier ...

Published 06 May, 2023 06:43am

SPI-based weekly inflation records 48.35pc increase YoY

ISLAMABAD: The Sensitive Price Indicator (SPI)-based inflation for the week ended May 4, 2023, recorded an increase...

Published 06 May, 2023 06:42am

LG polls: ECP issues schedule for the remaining UCs

KARACHI: The Election Commission of Pakistan (ECP) issued the schedule of local body elections on remaining Union...

Published 06 May, 2023 06:23am

LG polls: JI seeks deployment of personnel of LEAs

KARACHI: Jamaat-e-Islami (JI) Karachi chapter chief Engr Hafiz Naeemur Rehman has asked the Election Commission of...

Published 06 May, 2023 06:23am

PA proceedings: Sindh govt says there exists no wheat crisis in province

KARACHI: The treasury on Friday ruled out any wheat crisis in the province, informing the Sindh Assembly on fresh...

Published 06 May, 2023 06:23am

PBA condoles death

KARACHI: In a statement issued in Karachi on Friday, the members of Pakistan Broadcasters Association (PBA) ...

Published 06 May, 2023 06:23am

U-19: Pakistan takes on Bangladesh in one-day series today

LAHORE: Saad Baig-led Pakistan Under-19 cricket team will be aiming to continue the winning run when they take on...

Published 06 May, 2023 06:23am

TTP’s nexus with local militants, separatists termed grave threat

ISLAMABAD: Security experts on Friday warned that banned Tehreek-e-Taliban Pakistan (TTP) is making new nexus with...

Published 06 May, 2023 06:23am

SC to hear Arshad Sharif’s murder case on 9th

ISLAMABAD: A five-judge special bench of the Supreme Court will hear journalist Arshad Sharif’s murder case on May...

Published 06 May, 2023 06:23am

SC issues notices on plea of PBC

ISLAMABAD: The Supreme Court issued notices to the Pakistan Bar Council (PBC) secretary and the attorney general for...

Published 06 May, 2023 06:23am

PPP to hold rally on 9th in Peshawar

PESHAWAR: Pakistan People Party would hold a public rally on May 9 in the city, Deputy General Secretary Pakistan...

Published 06 May, 2023 06:23am

PPIB increases MD’s basic pay by 17pc, withdraws some facilities

ISLAMABAD: The Board of Private Power and Infrastructure Board (PPIB) has increased basic salary of Managing ...

Published 06 May, 2023 06:23am

LHC reserves verdict on PTI’s pleas against JIT formation

LAHORE: A full bench of the Lahore High Court on Friday reserved its verdict on PTI leaders’ petitions challenging...

Published 06 May, 2023 06:23am

LHC reserves verdict on Parvez Elahi’s petition

LAHORE: The Lahore High Court on Friday reserved its verdict on a petition of former chief minister Punjab Chaudhry...

Published 06 May, 2023 06:23am

IIUI holds 2nd International Islamic Peace Conference

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

Published 06 May, 2023 06:23am

‘PCCR trying to provide much-needed relief to children’

ISLAMABAD: Convener Parliamentary Caucus on Child Rights (PCCR) MNA Mehnaz Akbar Aziz has said that Parliamentary...

Published 06 May, 2023 06:23am

E-Earn announces soft launch of latest co-working centre in DGK

LAHORE: E-Earn, an initiative of Punjab Information Technology Board (PITB), has announced the soft launch of its...

Published 06 May, 2023 06:23am

Bid to smuggle 27,100kg of sugar foiled

PESHAWAR: Authorities have foiled a bid to smuggle a huge quantity of sugar at Michni checkpoint, Landi Kotal and...

Published 06 May, 2023 06:23am

The Weather

KARACHI: The weather report on Friday (May 05, 2023) and the forecast for Saturday (May 06, 2023)...

Published 06 May, 2023 06:23am

SC showing restraint: CJP

ISLAMABAD: Chief Justice of Pakistan, Umar Ata Bandial, said the court is showing restraint, “and our intentions...

Published 06 May, 2023 06:23am

Toshakhana case: Court rejects IK’s pleas, summons him for indictment

ISLAMABAD: A local court, on Friday, rejected Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s two different...

Published 06 May, 2023 06:23am

SCBA suspends membership of its president, six members

ISLAMABAD: The Supreme Court Bar Association Executive Committee with a majority (10 to 7) suspended the membership...

Published 06 May, 2023 06:23am

PHC organises ‘Job Fair and Education Expo 2023’

HYDERABAD: Appreciation Shield was awarded to Sindh Agriculture University (SAU) and its Sub Campus Umerkot for...

Published 06 May, 2023 06:23am

TCF and Citi Foundation expand partnership for sixth year

KARACHI: The Citizens Foundation (TCF) and the Citi Foundation expanded their partnership for the sixth year to...

Published 06 May, 2023 06:23am

Fire safety awareness drive to be launched for SMEs: Administrator

KARACHI: Administrator Karachi Dr Syed Saifur Rahman on Friday said that a fire safety awareness campaign will be...

Published 06 May, 2023 06:23am

Health activists praise PM for raising FED on tobacco products

ISLAMABAD: Health activists highly appreciated Prime Minister Shehbaz Sharif’s fiscal policy stance of raising...

Published 06 May, 2023 06:23am

Bilawal asks SCO member states: ‘Deal with terrorism as a joint responsibility’

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari on Friday urged the Shanghai Cooperation Organisation (SCO) ...

Published 06 May, 2023 06:23am

Upper Kurram: Markets remain closed to protest killings

PESHAWAR: All the markets and businesses on Friday remained closed in protest against killing of eight people...

Published 06 May, 2023 06:23am

Buzdar’s petition referred to LHC CJ

LAHORE: The Lahore High Court on Friday referred a petition of former chief minister Punjab Usman Buzdar to the ...

Published 06 May, 2023 06:23am

PTI to put up its show today: IK urges people to send strong message that they stand with apex court, constitution

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan Friday appealed to the people to come out of their houses...

Published 06 May, 2023 06:23am

Global crackdown on corruption?

The powerful banking network, real estate market and businesses of the flourishing economies of the west have long...

Updated 06 May, 2023 07:00am

World of wondrous connectivity

It was in 1953 that Mark R. Sullivan an executive of Pacific Telephone in USA had said “Just what form the future...

Updated 06 May, 2023 07:02am

Letters

‘Infrastructure financing gap’

This is apropos a Business Recorder op-ed “Infrastructure financing gap” carried by the newspaper the other day....

Published 06 May, 2023 06:23am

Waqaruddin to head APNS Advertising Committee

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

Published 06 May, 2023 06:23am

PARTLY FACETIOUS: The heart is where a lot of decisions are made

“The Third Wife has sent a defamation notice to Notification Maryam Nawaz (NMN).” “Uh oh.” “NMN eat your...

Published 06 May, 2023 06:23am

Global media freedom index: Improved ranking shows ‘4-year mess is being cleared’: Marriyum

ISLAMABAD: Minister for Information and Broadcasting, Marriyum Aurangzeb Friday said Pakistan’s improved ranking ...

Published 06 May, 2023 06:23am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 06 May, 2023 06:23am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (May 05, 2023). ==================================== BR...

Published 06 May, 2023 06:23am

Stocks

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

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

Published 06 May, 2023 06:23am

Rates

BOARD MEETINGS

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

Published 06 May, 2023 06:23am

Rates

Dividend/Bonus Announcements

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

Published 06 May, 2023 06:23am

Rates

Proposed right issues

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

Published 06 May, 2023 06:23am

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 06 May, 2023 06:23am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Friday (May 05, 2023). ======================== OFFER PRICE...

Published 06 May, 2023 06:23am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Friday (May 05, 2023). ======================== OFFER PRICE...

Published 06 May, 2023 06:23am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Friday (May 05, 2023). ======================== OFFER PRICE 1,500.4949...

Published 06 May, 2023 06:23am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Friday (May 05, 2023). ======================== OFFER PRICE 1,072.4070...

Published 06 May, 2023 06:23am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Friday (May 05, 2023). ======================== OFFER PRICE 1,502.3158 BID...

Published 06 May, 2023 06:23am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Friday (May 05, 2023). ======================== OFFER PRICE...

Published 06 May, 2023 06:23am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Friday (May 05, 2023). ======================== OFFER PRICE 1,708.0355...

Published 06 May, 2023 06:23am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Friday (May 05, 2023). ======================== OFFER PRICE 516.5956...

Published 06 May, 2023 06:23am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Friday (May 05, 2023). ======================== OFFER PRICE 438.8604...

Published 06 May, 2023 06:23am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Friday (May 05, 2023). ======================== OFFER PRICE 2,325.1314...

Published 06 May, 2023 06:23am

Dar tells representatives of global investors: Country slowly but surely moving towards stability

Finance Minister Ishaq Dar meets delegation led by JPMorgan Dubai

Updated 06 May, 2023 08:54am

Fiscal deficit for Jul-Mar reaches 3.7pc of GDP

ISLAMABAD: The government has closed the first nine months (July-March 2023) of the current fiscal year with the...

Updated 06 May, 2023 08:55am

IMF to wrap up bailout review once financing in place

ISLAMABAD: The International Monetary Fund (IMF) continues to work with the Pakistani authorities to bring the ninth...

Updated 06 May, 2023 09:00am

Senate passes SC (Review of Judgements, Orders) Bill amid uproar

ISLAMABAD: Chairman Senate Sadiq Sanjrani Friday came under scathing criticism from the opposition in the upper...

Updated 06 May, 2023 09:01am

Bilawal entrenches country’s position on Kashmir

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari on Friday, reiterating the unchanged position, said Pakistan...

Updated 06 May, 2023 09:00am

Desperate Indian foreign minister bursts out against Pakistan

KARACHI: Indian Foreign Minister Jaishankar burst out against Pakistan at a media briefing where he was supposed to...

Updated 06 May, 2023 08:58am

Rates

Week ends on high level

KARACHI: After bullish opening, Pakistan Stock Exchange Friday witnessed mid-session pressure that dragged it into...

Published 06 May, 2023 06:23am

Establishing PPCs: Rs35m TSG: ECC gives conditional approval

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Technical Supplementary Grant of Rs...

Published 06 May, 2023 06:23am

May-June period: Country faces $3.7bn debt repayments: Fitch

WASHINGTON: As the government struggles to secure a bailout from the International Monetary Fund (IMF), Fitch ...

Published 06 May, 2023 06:23am

Flour millers assured that there will be smooth supply of wheat

KARACHI: Sindh government has assured the flour mills for uninterrupted supply of wheat grains from next week to...

Published 06 May, 2023 06:23am

We discussed Kashmir issue on Indian soil, Bilawal

KARACHI: Pakistan People’s Party Chairman and Foreign Minister Bilawal Bhutto Zardari has said that there has been...

Published 06 May, 2023 06:23am

Rs300bn dues of CPEC IPPs likely to be cleared next month

Power Division, sources say, has sought an amount of Rs700bn from Finance Division in federal budget 2023-24 to clear overdue payments of IPPs, CPEC IPPs and equity injection

Updated 06 May, 2023 12:35pm

Updated ICT law unveiled to charge 15pc GST on services

ISLAMABAD: The Federal Board of Revenue (FBR) has issued an updated Islamabad Capital Territory (Tax on Services)...

Updated 06 May, 2023 08:59am

Chinese FM arrives in Islamabad to attend strategic dialogue

ISLAMABAD: Foreign Minister of China Qin Gang arrived on a two-day official visit on Friday to participate in the...

Updated 06 May, 2023 08:56am

Resolve reaffirmed to further deepen Sino-Pak ties

ISLAMABAD: Pakistan and China have reaffirmed the resolve to work together for promoting regional peace and...

Updated 06 May, 2023 08:55am

Shehbaz interacts with King Charles III, PM Sunak

LONDON: Prime Minister Shehbaz Sharif interacted with King Charles III and UK Prime Minister Rishi Sunak on the...

Updated 06 May, 2023 08:57am

Commodities

Silver at new highs

KARACHI: Silver prices on Friday continued to hit record highs but gold inched down on the local market, traders...

Published 06 May, 2023 06:23am

Energy

KE can make huge savings by running plants on natural gas: KATI

KARACHI: President of Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman said that the KE can save...

Published 06 May, 2023 06:23am

Cotton & Textile

4.554m acres of land: South Punjab sets cotton sowing target

LAHORE: Cotton sowing target for the South Punjab has been set for 4.554 million acres of land which comes to 91...

Published 06 May, 2023 06:23am

Death rattle of a global order?

EDITORIAL: The market has clearly rejected the rhetoric that problems at SVB (Silicon Valley Bank), Signature Bank...

Published 06 May, 2023 06:23am

Discord leaks

EDITORIAL: Hundreds of classified documents released during the recent months on Discord, a gaming platform, by a...

Updated 06 May, 2023 06:58am

Taxes

Vehicles, other auctionable goods: FTO directs FBR to strictly follow auction rules

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to strictly follow the...

Published 06 May, 2023 06:23am

Drugs/biologicals: PKR slide, rising inflation led to hike in MRPs, ECC told

ISLAMABAD: An excessive depreciation of the rupee and “hyperinflation” led to an increase in the Maximum Retail...

Published 06 May, 2023 06:23am

Energy

No imported fuel to be used for new electricity generation: Dastgir

LAHORE: Federal Minister for Power Engr Khurram Dastgir Khan said on Friday no imported fuel would be used for new...

Published 06 May, 2023 06:23am

Energy

Minister resents steep hike in gas meter rent

KARACHI: Sindh Energy Minister Imtiaz Shaikh has said that the excessive increase in gas meter charging is worrisome...

Published 06 May, 2023 06:23am

Wheat flour prices continue to rise in Balochistan

QUETTA: The price of flour continues to rise in Balochistan as the government failed to provide the commodity to the...

Published 06 May, 2023 06:23am

Energy

Transportation tariff: Ogra determines SNGPL petition

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) Friday determined a Sui Northern Gas Pipeline Limited’s...

Published 06 May, 2023 06:23am

Industry

Minister reviews progress over KCCDZ project

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives reviewed the progress over...

Published 06 May, 2023 06:23am

Maintenance dredging Pakistan’s responsibility: ‘91pc profit from Gwadar Port operations goes to Chinese firm’

ISLAMABAD: A parliamentary panel was informed on Friday that maintenance dredging of Gwadar Port is the...

Published 06 May, 2023 06:23am

CPEC to strengthen country’s economy, create jobs: Governor

LAHORE: Governor Punjab, Muhammad Balighur Rehman said on Friday that the government has accelerated the pace of ...

Published 06 May, 2023 06:23am

Industry

CPAC project may bring socio-economic development for farmers in Pakistan: President PCJCCI

LAHORE: Moazzam Ghurki, President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) stated during a...

Published 06 May, 2023 06:23am

CDWP clears six uplift projects worth Rs227bn

ISLAMABAD: The Central Development Working Party (CDWP), Friday, cleared as many as six development projects at a...

Published 06 May, 2023 06:23am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (May 05, 2023). ======================== Open Bid Rs...

Published 06 May, 2023 06:23am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (May 05, 2023)....

Published 06 May, 2023 06:23am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (May 05, 2023)....

Published 06 May, 2023 06:23am

Industry

PYMA concerned at discontinuation of concessional package by Ogra

KARACHI: Sohail Nisar, Senior Vice Chairman, Pakistan Yarn Merchants Association (PYMA), after the discontinuation ...

Published 06 May, 2023 06:23am

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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

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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