Default wave imminent, will peak in 2024? LONDON: A wave of debt defaults by companies in the United States and Europe is imminent, due in part to the fastest... Published 01 Jun, 2023 03:34am
Energy Thar Coal Block-2: Royalty to be spent on solar systems for Thar residents: minister KARACHI: Sindh Energy Minister Imtiaz Ahmed Shaikh Wednesday said the royalty from Thar Coal Block-2 would be spent... Published 01 Jun, 2023 03:34am
Europe Over 1,600 high-emitting firms directed to disclose data LONDON: More than 1,600 companies identified by non-profit platform CDP as having the biggest impact on the... Published 01 Jun, 2023 03:34am
1.5C of warming is too hot for a just world: study PARIS: Curbing global heating at 1.5 degrees Celsius will avert runaway climate change but not mass suffering in... Published 01 Jun, 2023 03:34am
Registered sales, purchases: KTBA proposes reintroduction of tax credits KARACHI: Karachi Tax Bar Association (KTBA) has proposed the Federal Board of Revenue (FBR) to re-introduce tax... Updated 01 Jun, 2023 09:04am
Punjab Safe City Authority headquarters: ICC team examines security measures for upcoming Asia Cup LAHORE: A high-level security delegation of International Cricket Council (ICC) along with representatives of... Published 01 Jun, 2023 03:34am
Money & Banking Dollar higher WASHINGTON: The US dollar rose strongly on Wednesday to a more than two-month high after data showed European... Published 01 Jun, 2023 03:34am
Europe Macron says Kosovo bears ‘responsibility’ for tensions BRATISLAVA: French President Emmanuel Macron on Wednesday said Kosovo officials bore “responsibility” following... Published 01 Jun, 2023 03:34am
China takes appropriate action in row with India over journalists BEIJING: China said on Wednesday it had taken “appropriate” action in response to India’s unfair treatment of... Published 01 Jun, 2023 03:34am
The Weather KARACHI: The weather report on Wednesday (May 31, 2023) and the forecast for Thursday (June 01, 2023)... Published 01 Jun, 2023 03:34am
Formation of commission to probe audio leaks ‘Commissions of Inquiry Act doesn’t stipulate consultation with CJP’ ISLAMABAD: Pakistan Commissions of Inquiry Act, 2017 does not stipulate that the government must consult with the... Published 01 Jun, 2023 03:34am
Probe into alleged audio leaks: IHC suspends summons issued to ex-CJP’s son by NA panel ISLAMABAD: The Islamabad High Court (IHC) Wednesday suspended the summons issued to former chief justice Saqib... Published 01 Jun, 2023 03:34am
FIA issues third call-up notice to Moonis Elahi LAHORE: The Federal Investigation Agency (FIA) on Wednesday issued a third call-up notice to the former federal... Published 01 Jun, 2023 03:34am
PBC says SC Act ‘is the result of legal fraternity’s struggle’ ISLAMABAD: The Pakistan Bar Council (PBC), unanimously, resolved that the Supreme Court Practice and Procedure Act,... Published 01 Jun, 2023 03:34am
‘Only one person’ behind May 9 events: Governor LAHORE: Punjab Governor Muhammad Balighur Rehman said on Wednesday that the government is utilizing all its ... Published 01 Jun, 2023 03:34am
Al-Qadir Trust case: IK’s interim bail extended till June 3 ISLAMABAD: The Islamabad High Court (IHC), Wednesday, extended the bail of Imran Khan, chairman Pakistan... Published 01 Jun, 2023 03:34am
Collaboration, not conflict, is needed for uplift, says Ahsan ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal, Wednesday, while stressing the need for ... Published 01 Jun, 2023 03:34am
Curriculum: NA body hails govt for including constitution’s relevant articles ISLAMABAD: The National Assembly Standing Committee on Federal Education and Professional Training on Wednesday... Published 01 Jun, 2023 03:34am
LDA issues notices to 125 commercial properties LAHORE: In an operation against illegal constructions and encroachments on parking spaces on model roads, the Lahore... Published 01 Jun, 2023 03:34am
Senate poll rigging case: Court issues bailable arrest warrants for Ali Haider ISLAMABAD: A local court, on Wednesday issued a bailable arrest warrant for Pakistan People’s Party (PPP) leader... Published 01 Jun, 2023 03:34am
COAS, UK Army CGS discuss regional security ISLAMABAD: UK Army Chief of General Staff (CGS) General Sir Patrick Nicholas Yardley Monrad Sanders called on Chief... Published 01 Jun, 2023 03:34am
Zargham Eshaq Khan assumes charge of acting NESPAK MD LAHORE: Muhammad Zargham Eshaq Khan, Vice President of National Engineering Services Pakistan Pvt Limited (NESPAK),... Published 01 Jun, 2023 03:34am
World No-Tobacco Day: Govt urged to insulate kids against tobacco hazards ISLAMABAD: The government must protect young generation from deadly products of tobacco industry, which are killing... Published 01 Jun, 2023 03:34am
21 months of Taliban govt in Kabul: Pakistan braves 73pc more terrorist attacks ISLAMABAD: The number of terrorist attacks in Pakistan has posted a phenomenal increase of 73 percent during the 21... Published 01 Jun, 2023 03:34am
IESCO’s advice to customers ISLAMABAD: As the rainy season continues in the IESCO Region, the risk of electrical accidents becomes more... Published 01 Jun, 2023 03:34am
Ranjha elected chairman of NA panel ISLAMABAD: The National Assembly Special Committee on Supreme Judicial Council unanimously elected Mohsin Nawaz... Published 01 Jun, 2023 03:34am
‘Acute food insecurity’: govt rejects reports ISLAMABAD: After Food and Agriculture Organization (FAO) and World Food Programme (WFP) designated Pakistan as a ... Published 01 Jun, 2023 03:34am
Varsities’ role in peace, uplift highlighted PESHAWAR: Students at a speech contest highlighted the role of universities in fostering sustainable peace,... Published 01 Jun, 2023 03:34am
Only 11 PTI women workers in jails, claims Punjab CM LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi said on Wednesday that if the JIT would move to Zaman Park... Published 01 Jun, 2023 03:34am
Al-Qadir Trust scam: Court disposes of Bushra’s bail plea ISLAMABAD: The Accountability Court, on Wednesday, disposed of the petition of Pakistan Tehreek-e-Insaf (PTI)... Published 01 Jun, 2023 03:34am
Fawad steps up criticism of PDM govt after quitting PTI ISLAMABAD: Former Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry, together with like-minded former party... Published 01 Jun, 2023 03:34am
Complaint against Justice Naqvi: CJP seeks opinion of a SJC member ISLAMABAD: Chief Justice Umar Ata Bandial, on Wednesday, sought an opinion of a Supreme Judicial Council (SJC) ... Published 01 Jun, 2023 03:34am
Blome calls on Bilawal ISLAMABAD: United States Ambassador to Pakistan Donald Blome on Wednesday called on Foreign Minister Bilawal... Published 01 Jun, 2023 03:34am
PTI defectors from southern Punjab join PPP LAHORE: Pakistan People’s Party (PPP) co-chairman and former president Asif Ali Zardari landed in the city on... Published 01 Jun, 2023 03:34am
Former PTI leaders meet imprisoned Qureshi ISLAMABAD: The deserted Pakistan Tehreek-e-Insaf (PTI) leaders had to kiss the dust on Wednesday as they failed to... Published 01 Jun, 2023 03:34am
Concerns voiced over water shortages ISLAMABAD: Serious concern at the water shortage in the country echoed during the meeting of National Assembly... Published 01 Jun, 2023 03:34am
Contempt of parliament intolerable: Sharjeel KARACHI: Sindh Information Minister Sharjeel Memon said on Wednesday that the contempt of parliament was ... Published 01 Jun, 2023 03:34am
Bilawal to visit Jordan, Iraq ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari will attend the royal wedding of Crown Prince Hussein of Jordan... Published 01 Jun, 2023 03:34am
‘Former AJK PM is likely to join PML-Q’ LAHORE: Pakistan Muslim League-Quaid (PML-Q) Chaudhry Shujaat Hussain has said that a strong army is guarantee of ... Published 01 Jun, 2023 03:34am
Rates Stocks witness drawdown KARACHI: Pakistan Stock Exchange Wednesday witnessed a bearish trend and closed in red zone as investors opted to... Published 01 Jun, 2023 03:34am
Tax on undistributed reserves This is not the first time that there is a proposal to tax undistributed reserves of a company. Such imposition has... Published 01 Jun, 2023 03:34am
It’s not the economy, stupid, it’s religion! Even Erdogan’s staunchest supporters would have shorted the lira as he won the Turkish runoff presidential ... Published 01 Jun, 2023 03:34am
Partly Facetious: ‘The lady doth protest too much, methinks’ “Why do you think the International Monetary Fund (IMF) referred to the country’s politics while saying that we... Published 01 Jun, 2023 03:34am
Letters I must respectfully disagree with IMF official Please refer to the news item titled “Shortage of goods, plant closures: IMF identifies import curbs as the real... Published 01 Jun, 2023 03:34am
Rates Activities of Karachi Port and Port Qasim KARACHI: The Karachi Port Trust handled 94,509 tonnes of cargo comprising 72,212 tonnes of import cargo and 22,297... Published 01 Jun, 2023 03:34am
Stocks HK stocks lower on China factory data miss HONG KONG: Hong Kong shares ended 1.9% lower on Wednesday, just shy of entering a bear market territory, hit by... Published 01 Jun, 2023 03:34am
Stocks European stocks hit two-month low on weak China data PARIS: European shares hit a two-month low on Wednesday as concerns about a global slowdown on China’s weak... Published 01 Jun, 2023 03:34am
Stocks Wall St falls on Fed hike jitters ahead of debt ceiling vote NEW YORK: US stock indexes fell on Wednesday as a deal to raise the nation’s debt ceiling headed for a crucial ... Published 01 Jun, 2023 03:34am
Rates LME official prices LONDON: The following were Tuesday official prices. ========================================= ALUMINIUM... Published 01 Jun, 2023 03:34am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 31, 2023)... Published 01 Jun, 2023 03:34am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Wednesday (May 31, 2023). ======================================= Offset... Published 01 Jun, 2023 03:34am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 31, 2023).... Published 01 Jun, 2023 03:34am
Rates Revised Rates of Debt Securities KARACHI: The following were the revised rates of debt securities on Wednesday (May 31, 2023).... Published 01 Jun, 2023 03:34am
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 01 Jun, 2023 03:34am
Rates Member to Member KARACHI: The following transactions member to member subsequently reported on Wednesday (May 31, 2023).... Published 01 Jun, 2023 03:34am
Stocks NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL) KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on... Published 01 Jun, 2023 03:34am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (May 31, 2023). ==================================== BR... Published 01 Jun, 2023 03:34am
Stocks Electronic/credit of dividend warrants/bonus/right share certificates KARACHI: Electronic/credit of dividend warrants/bonus/right share certificates.... Published 01 Jun, 2023 03:34am
Rates BOARD MEETINGS KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange.... Published 01 Jun, 2023 03:34am
Rates Dividend/Bonus Announcements KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.... Published 01 Jun, 2023 03:34am
Stocks Last date of renunciation/payment KARACHI: Last dates of renunciation/payment.... Published 01 Jun, 2023 03:34am
Rates Proposed right issues KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange.... Published 01 Jun, 2023 03:34am
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 Jun, 2023 03:34am
Rates EFU TAKAFUL CONSERVATIVE FUND RATES KARACHI: EFU Takaful Conservative Fund Rates on Wednesday (May 31, 2023). ======================== OFFER PRICE... Published 01 Jun, 2023 03:34am
Rates EFU TAKAFUL AGGRESSIVE FUND RATES KARACHI: EFU Takaful Aggressive Fund Rates on Wednesday (May 31, 2023). ======================== OFFER PRICE... Published 01 Jun, 2023 03:34am
Rates EFU TAKAFUL GROWTH FUND RATES KARACHI: EFU Takaful Growth Fund Rates on Wednesday (May 31, 2023). ======================== OFFER PRICE... Published 01 Jun, 2023 03:34am
Rates EFU INCOME GROWTH FUND KARACHI: EFU Income Growth Fund Rates on Wednesday (May 31, 2023). ======================== OFFER PRICE ... Published 01 Jun, 2023 03:34am
Rates EFU AGGRESSIVE FUND RATES KARACHI: EFU Aggressive Fund Rates on Wednesday (May 31, 2023). ======================== OFFER PRICE 1,509.8465... Published 01 Jun, 2023 03:34am
Rates EFU GUARANTEED GROWTH FUND RATES KARACHI: EFU Guaranteed Growth Fund Rates on Wednesday (May 31, 2023). ======================== OFFER PRICE... Published 01 Jun, 2023 03:34am
Rates EFU Aitemad Growth Fund Rates KARACHI: EFU Aitemad Growth Fund Rates on Wednesday (May 31, 2023). ======================== OFFER PRICE... Published 01 Jun, 2023 03:34am
Rates EFU Capital Growth Fund Rates KARACHI: EFU Capital Growth Fund Rates on Wednesday (May 31, 2023). ======================== OFFER PRICE... Published 01 Jun, 2023 03:34am
Rates EFU Pension Growth Fund Rates KARACHI: EFU Pension Growth Fund Rates on Wednesday (May 31, 2023). ======================== OFFER PRICE... Published 01 Jun, 2023 03:34am
Rates EFU Managed Growth Fund Rates KARACHI: EFU Managed Growth Fund Rates on Wednesday (May 31, 2023). ======================== OFFER PRICE... Published 01 Jun, 2023 03:34am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Wednesday (May 31, 2023). ========================== KIBOR... Published 01 Jun, 2023 03:34am
Rates LIBOR interbank offered rates LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (May 31, 2023).... Published 01 Jun, 2023 03:34am
Forex Currency values in terms of Special Drawing Rights WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special... Published 01 Jun, 2023 03:34am
Out-of-court settlement: KE asked to start talks on Rs47bn clawback dispute ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Wednesday once again urged K-Electric (KE) to... Updated 01 Jun, 2023 09:42am
Price of petrol cut by Rs8, diesel’s by Rs5 ISLAMABAD: Federal government on Wednesday reduced the prices of petroleum products up to RS 8 per litre, or 2.9... Updated 01 Jun, 2023 09:07am
ECNEC approves four projects worth Rs120bn ISLAMABAD: A meeting of the Executive Committee of the National Economic Council (ECNEC), Wednesday, approved four... Updated 01 Jun, 2023 08:52am
Tax suggested on exporters not bringing forex within specified period of time ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended the Ministry of Finance to... Updated 01 Jun, 2023 08:53am
Budget FY23-24: FBR working out new scheme aimed at retailers’ documentation ISLAMABAD: The Federal Board of Revenue (FBR) is working out a new scheme for the documentation of small retailers... Updated 01 Jun, 2023 08:54am
IPSs settlement: Banks can buy dollars from interbank market: SBP KARACHI: The State Bank of Pakistan (SBP) Wednesday allowed banks to purchase US dollars from interbank for... Updated 01 Jun, 2023 09:04am
IMF bailout: govt still hopeful, optimistic Minister of State for Finance Aisha Ghaus Pasha says the government is not thinking about anything without IMF programme Updated 01 Jun, 2023 10:45am
Rs62bn short of Rs621bn monthly target: May provisional tax collection stands at Rs559bn ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs 559 billion in May 2023 against the... Updated 01 Jun, 2023 09:06am
Listed cos’ shares transactions as recorded in NCCPL system: Procedure of capital gain on disposal of securities to stay applicable: FBR ] Updated 01 Jun, 2023 09:05am
HRCP critical of govt and opposition alike ISLAMABAD: The Human Rights Commission of Pakistan (HRCP) has warned all political stakeholders that unless they... Updated 01 Jun, 2023 09:08am
Govt approves Rs4bn SG for Punjab’s export-oriented sectors ISLAMABAD: Federal government on Wednesday approved a supplementary grant of Rs4 billion for a further gas subsidy ... Published 01 Jun, 2023 03:34am
Textile exporters term RRMC’s report ‘anti-export’ drive KARACHI: The value-added textile exporters have rejected the Reforms & Revenue Mobilization Commission’s... Published 01 Jun, 2023 03:34am
Al Pacino soon to be a father again — at 83 LOS ANGELES: Actor Al Pacino will soon be a father for the fourth time — at age 83, US media said Wednesday. His... Published 01 Jun, 2023 03:34am
Taxes Tax compliance, documentation: LCCI urges govt to introduce ‘declaration scheme’ LAHORE: President Lahore Chamber of Commerce and Industry Kashif Anwar on Wednesday proposed that in order to ... Published 01 Jun, 2023 03:34am
Taxes FTO proposes FBR to abolish Section 8B of Sales Tax Act ISLAMABAD: The Federal Tax Ombudsman (FTO) has proposed the Federal Board of Revenue (FBR) to abolish section 8B of... Published 01 Jun, 2023 03:34am
Question of banning PTI EDITORIAL: The PDM (Pakistan Democratic Movement) coalition government ought to take a step back and seriously... Published 01 Jun, 2023 03:34am
Why accounting methods alone aren’t enough? EDITORIAL: There are 7.6 million registered direct taxpayers in the country, according to FBR (Federal Board of... Published 01 Jun, 2023 03:34am
Commodities Gold rebounds KARACHI: Gold prices on Wednesday rebounded on the local market but silver declined, traders said. Gold was traded... Published 01 Jun, 2023 03:34am
Experts highlight true export potential of PVC products KARACHI: Significant investments to expand and improve the efficiency of domestic PVC production have created an... Published 01 Jun, 2023 03:34am
Dar says a business and people-friendly budget on its way ISLAMABAD: Finance Minister Ishaq Dar has assured the business leaders that the government will provide all possible... Published 01 Jun, 2023 03:34am
Money & Banking Importers overcharged: SBP completes probe against banks, Senate panel told ISLAMABAD: The Senate Standing Committee on Finance was informed that the State Bank of Pakistan (SBP) has completed... Published 01 Jun, 2023 03:34am
Commodities ICE canola futures slip WINNIPEG, (Manitoba): ICE canola futures plummeted nearly 4% on Tuesday to a more than two-year low for the... Published 01 Jun, 2023 03:34am
Energy Russian naphtha arrivals in Asia set to fall in June NEW DELHI: Naphtha arrivals to Asia from the West will likely fall again in June after logging a brief Russia-driven... Published 01 Jun, 2023 03:34am
Commodities Japanese rubber futures down SINGAPORE: Japanese rubber futures dipped for a second straight session on Wednesday, as confidence in China’s... Published 01 Jun, 2023 03:34am