News Archives for Print - 2023-06-10

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Print - 2023-06-10

The Weather

KARACHI: The weather report on Friday (June 09, 2023) and the forecast for Saturday (June 10, 2023)...

Published 10 Jun, 2023 06:06am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 10 Jun, 2023 06:06am

Stocks

Last date of renunciation/payment

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

Published 10 Jun, 2023 06:06am

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 10 Jun, 2023 06:06am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Friday (June 09, 2023). ======================== Offer Price ...

Published 10 Jun, 2023 06:06am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Friday (June 09, 2023). ======================== Offer Price 1,801.1112...

Published 10 Jun, 2023 06:06am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Friday (June 09, 2023). ======================== Offer Price 1,326.8264 Bid...

Published 10 Jun, 2023 06:06am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Friday (June 09, 2023). ======================== Offer...

Published 10 Jun, 2023 06:06am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Friday (June 09, 2023). ======================== Offer...

Published 10 Jun, 2023 06:06am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (June 09, 2023). ======================== Open Bid Rs...

Published 10 Jun, 2023 06:06am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (June 09, 2023)....

Published 10 Jun, 2023 06:06am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (June 09, 2023)....

Published 10 Jun, 2023 06:06am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (June 09, 2023). ==================================== BR...

Published 10 Jun, 2023 06:06am

Rates

BOARD MEETINGS

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

Published 10 Jun, 2023 06:06am

Rates

Proposed right issues

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

Published 10 Jun, 2023 06:06am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Friday (June 09, 2023). ======================== OFFER PRICE...

Published 10 Jun, 2023 06:06am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Friday (June 09, 2023). ======================== OFFER PRICE...

Published 10 Jun, 2023 06:06am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Friday (June 09, 2023). ======================== OFFER PRICE 1,521.4268...

Published 10 Jun, 2023 06:06am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Friday (June 09, 2023). ======================== OFFER PRICE 1,091.6671...

Published 10 Jun, 2023 06:06am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Friday (June 09, 2023). ======================== OFFER PRICE 1,516.8325 BID...

Published 10 Jun, 2023 06:06am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Friday (June 09, 2023). ======================== OFFER PRICE...

Published 10 Jun, 2023 06:06am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Friday (June 09, 2023). ======================== OFFER PRICE 1,729.0252...

Published 10 Jun, 2023 06:06am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Friday (June 09, 2023). ======================== OFFER PRICE 530.1618...

Published 10 Jun, 2023 06:06am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Friday (June 09, 2023). ======================== OFFER PRICE 445.2102...

Published 10 Jun, 2023 06:06am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Friday (June 09, 2023). ======================== OFFER PRICE 2,356.9965...

Published 10 Jun, 2023 06:06am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Friday (June 09, 2023). ======================== Offer Price 611.9598...

Published 10 Jun, 2023 06:06am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Friday (June 09, 2023). ======================== Offer Price ...

Published 10 Jun, 2023 06:06am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Friday (June 09, 2023). ======================== Offer Price...

Published 10 Jun, 2023 06:06am

‘That is Dar’s philosophy of life’?

It’s a typical Dar budget with some populistic flavor. Penalize anyone who makes money legally and wants to grow...

Published 10 Jun, 2023 05:20am

Full of sound and fury

An exercise in futility at best, extreme folly at worst, are the most appropriate epithets for the budget 2023-24...

Updated 10 Jun, 2023 01:05pm

Proposals

No increase in duties on import of essential items Minimum wage proposed at Rs32,000; wages of government employees...

Published 10 Jun, 2023 05:20am

Additional tax on income profit, gains imposed

Federal Board of Revenue includes a new section “99D” (Additional tax on certain income, profits and gains) in the Income Tax Ordinance 2001

Updated 10 Jun, 2023 08:56am

Additional advances to IT ITeS: 20pc concessionary tax rate on banks’ income proposed

KARACHI: The federal government has proposed concessionary tax rate for banks income from additional advances to...

Updated 10 Jun, 2023 08:51am

PTI rejects budget

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday said that Ishaq Dar gave an “Instagramable budget with filters...

Updated 10 Jun, 2023 08:52am

Rs450bn allocated to BISP

ISLAMABAD: Contrary to expectations, only 450 billion rupees have been allocated for Benazir Income Support...

Updated 10 Jun, 2023 08:54am

Rs1.8095trn set aside for Defence

ISLAMABAD: The federal government on Friday earmarked Rs 1,809.5 billion for defence affairs and services for...

Updated 10 Jun, 2023 06:52pm

Rs207bn allocated to water, power sector development

ISLAMABAD: The government has allocated Rs 207 billion for water and power sector development projects during...

Updated 10 Jun, 2023 08:53am

Pharmaceuticals, drugs: Sales tax structure restored

ISLAMABAD: The government restored the sales tax structure on drugs and pharmaceuticals on July 1st, 2022 position...

Updated 10 Jun, 2023 08:50am

Finance Bill 2023: Rate of GST on e-integrated textile retailers up 3pc

ISLAMABAD: The government has enhanced the rate of sales tax on electronically-integrated textile retailers from the...

Updated 10 Jun, 2023 08:49am

Trade leaders give mixed response

KARACHI/LAHORE: Irfan Iqbal Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry...

Updated 10 Jun, 2023 08:49am

Rs97.098bn earmarked for education affairs, services

ISLAMABAD: The government has earmarked Rs97.098 billion for education affairs and services in the federal budget...

Updated 10 Jun, 2023 08:44am

Public Sector Development Programme: Rs1,400m earmarked for 13 schemes of Ministry of Law & Justice

ISLAMABAD: The federal government had earmarked a total of Rs1,400 million for 10 ongoing and three new schemes of...

Updated 10 Jun, 2023 08:43am

SECP registers 2,539 new companies in May

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,539 new companies in May 2023,...

Published 10 Jun, 2023 05:01am

KATI hails approval of Electric Power Services Bill

KARACHI: Korangi Association of Trade and Industry (KATI) President Faraz-ur-Rehman welcomed the approval of the...

Published 10 Jun, 2023 05:01am

Budget termed ‘neutral’ for stock market

KARACHI: Based on initial analysis, the Federal Budget FY24 announced by the Finance Minister Ishaq Dar on Friday is...

Published 10 Jun, 2023 05:01am

French contribution enables WFP to respond to nutrition crisis in Pakistan

ISLAMABAD: The United Nations World Food Programme (WFP) welcomes a contribution of Euro 3.5 million from the...

Published 10 Jun, 2023 05:01am

SALIENT FEATURES

GUIDING PRINCIPLES: No increase of duties on import of essential items Trade facilitation and ease of doing...

Published 10 Jun, 2023 05:01am

ACC Women’s Emerging Teams Asia Cup in Hong Kong from 12th

LAHORE: Skipper of Pakistan Women’s team Fatima Sana has expressed resolve to good show in ACC Women's Emerging...

Published 10 Jun, 2023 05:01am

Zardari, others obtain more relief from AC

ISLAMABAD: Pakistan Peoples Party (PPP) Co-Chairman Asif Ali Zardari and others on Friday obtained more relief from...

Published 10 Jun, 2023 05:01am

Rates

Stock market advances

KARACHI: Pakistan Stock Exchange on Friday witnessed a positive trend on expectations of ‘favorable’ federal...

Published 10 Jun, 2023 05:01am

Direction of very severe cyclonic storm unclear

KARACHI: The direction of the very severe cyclonic storm “Biparjoy” is unclear whether it is going to land at...

Published 10 Jun, 2023 05:01am

Rs24.2bn earmarked for health ministry

ISLAMABAD: The government has earmarked a total Rs24.2 billion for the Ministry of National Health Services and...

Published 10 Jun, 2023 05:01am

Finance Bill laid before Senate amidst opposition’s protest

ISLAMABAD: Amidst strong protest of the opposition, Finance Minister Ishaq Dar, Friday, moved a copy of the Finance...

Published 10 Jun, 2023 05:01am

Commodities

Gold, silver make gains

KARACHI: Gold prices on Friday regained a big value with silver on the local market, traders said. Gold prices now...

Published 10 Jun, 2023 05:01am

IT sector: Budget brings in huge incentives

ISLAMABAD: The government has announced huge incentives for Information Technology (IT) Sector, IT exports and IT...

Published 10 Jun, 2023 05:01am

IMF versus vote politics

In political science, economic voting is a theoretical perspective which argues that voter behavior is heavily...

Updated 10 Jun, 2023 05:46am

Responsible management education

“We need to move from a global business education community which focuses on making our students the best in the...

Updated 10 Jun, 2023 05:46am

The Budget

EDITORIAL: The federal finance minister, Ishaq Dar, while presenting the budget for fiscal year 2023-24 yesterday...

Published 10 Jun, 2023 05:01am

Letters

‘Helpless against inflation’

This is apropos a letter to the Editor carried by the newspaper yesterday. It is increasingly clear that things are...

Updated 10 Jun, 2023 06:07am

Seat adjustment with IPP quite possible: Asif

ISLAMABAD: Federal Minister for Defense Khawaja Asif said that Pakistan Muslim League-Nawaz (PML-N) could make seat...

Published 10 Jun, 2023 05:01am

Rs1bn earmarked for health insurance of journalists

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb on Friday said that the federal government...

Published 10 Jun, 2023 05:01am

Sindh to present budget today

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, who also holds the portfolio of Provincial Finance Minister, will...

Published 10 Jun, 2023 05:01am

MQM-P says concerned at incidents of robberies in cattle markets

KARACHI: The Muttahida Qaumi Movement-Pakistan (MQM-P) on Friday spelled out its concerns during the Sindh Assembly...

Published 10 Jun, 2023 05:01am

Energy

Azad Jammu and Kashmir: Nepra explores opportunities to facilitate power development initiatives

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Friday deliberated on power sector issues and...

Published 10 Jun, 2023 05:01am

Budget FY2023-24

Present Economic Position of Pakistan In Pakistan we give undue importance to the annual budget and spend months...

Published 10 Jun, 2023 05:01am

Pakistan elected as member of UN ECOSOC

ISLAMABAD: Foreign Office said that Pakistan will continue to champion the cause of strengthening the development...

Published 10 Jun, 2023 05:01am

Federal Budget: PBF sees no ‘serious efforts’ for economic revival

KARACHI: Pakistan Business Forum (PBF) says the federal government has done ‘too little, too late’ in terms of...

Published 10 Jun, 2023 05:01am

MQM leader slams PTI defectors

KARACHI: Muttahida Qaumi Movement-Pakistan (MQM-P) Member National Assembly Kishwar Zehra on Friday slammed the PTI...

Published 10 Jun, 2023 05:01am

IHC summons SSP Islamabad over plea seeking recovery of lawyer

ISLAMABAD: The Islamabad High Court (IHC), Friday, summoned SSP (Operations) Islamabad police in response to a...

Published 10 Jun, 2023 05:01am

Riba: JI says Dar has failed to keep his word

ISLAMABAD: Jamaat-e-Islami (JI) Pakistan Chief Sirajul Haq, Friday, criticising the federal budget 2023-24, ...

Published 10 Jun, 2023 05:01am

Punjab CM vows to address police-related issues

LAHORE: During the passing-out ceremony of the 24th batch of police officials at the Elite Police Training School,...

Published 10 Jun, 2023 05:01am

Alvi directs Lesco to pay Rs200,000 as marriage grant to retired employee

ISLAMABAD: President Dr Arif Alvi has directed the Lahore Electric Supply Company (Lesco) to pay Rs 200,000 as a...

Published 10 Jun, 2023 05:01am

MNFS&R: Rs8.850bn allocated under PSDP

ISLAMABAD: The government has allocated Rs 8.850 billion for the Ministry of National Food Security and Research...

Published 10 Jun, 2023 05:01am

Taxes

WHT system in banking sector: FTO unearths systemic gaps, loopholes

ISLAMABAD: The Federal Tax Ombudsman (FTO) has unearthed systemic gaps and loopholes in the prevalent withholding ...

Published 10 Jun, 2023 05:01am

Taxes

NOTES ON CLAUSES

Clause 3(1)? Seeks to amend section 2 (s) to enable Pakistan Customs ...

Published 10 Jun, 2023 05:01am

Budget session marked with drastically-low turnout of attendees

ISLAMABAD: In a rare sight, the lower house of Parliament’s all-important budget session was marked with a...

Published 10 Jun, 2023 05:01am

Taxes

Determining value of goods: Customs ignoring criteria of ‘country of origin'

LAHORE: The customs authorities are accused of contravening the criterion of the 'country of origin' in determining...

Published 10 Jun, 2023 05:01am

Database of more 1163 miscreants of May 9 found

LAHORE: The caretaker Chief Minister Mohsin Naqvi presided over a meeting at CM Office on Friday in which legal...

Published 10 Jun, 2023 05:01am

Energy

Safety audit: Fesco officials visit 132KV Tariqabad grid station

FAISALABAD: On the special directive of Chief Executive Officer (CEO) Faisalabad Electric Supply Company (Fesco) ...

Published 10 Jun, 2023 05:01am

First HMCoP event in Pakistan held

KARACHI: Impact Hub is a private sector working group, led by Population Services International (PSI) Pakistan. In...

Updated 10 Jun, 2023 05:38am

Govt employees stage demo for raise in salaries

ISLAMABAD: Government employees on Friday staged a protest demonstration demanding an increase in their salaries. ...

Published 10 Jun, 2023 05:01am

Kashmiri students get laptops

LAHORE: The caretaker Provincial Health Minister Dr Javed Akram, while distributing laptops among students belonging...

Published 10 Jun, 2023 05:01am

OGDCL embarks on transformative learning journey with LUMS

LAHORE: In a landmark partnership, the Oil & Gas Development Company Limited (OGDCL) has joined hands with the...

Published 10 Jun, 2023 05:01am

Why JI had demanded probe against people named in Panama Papers: SC

ISLAMABAD: The Supreme Court inquired from the counsel of Jamaat-e-Islami (JI) why in 2016 the party demanded that ...

Published 10 Jun, 2023 05:01am

Industry

Govt changes definition of ‘SMEs’

ISLAMABAD: The government has changed the definition of Small and Medium Enterprise (SME) to increase in business...

Published 10 Jun, 2023 05:01am

Industry

Budget ‘disappoints’ small traders

KARACHI: Small traders on Friday called the federal fiscal budget 2023-23 ‘disappointing’, saying that no end to...

Published 10 Jun, 2023 05:01am

Industry

KCCI terms budget as ‘balanced one’

KARACHI: Karachi Chambers of Commerce and Industry (KCCI) has termed the proposed budget for the fiscal year 2023-24...

Published 10 Jun, 2023 05:01am

Industry

KP business community rejects federal budget

PESHAWAR: Business community of Khyber Pakhtunkhwa termed the budget for financial year 2023-24 presented by the...

Published 10 Jun, 2023 05:01am

Taxes

Non-resident person: FBR expands scope of definition of ‘Permanent Establishment’

ISLAMABAD: The Federal Board of Revenue (FBR) has expanded the scope of definition of Permanent Establishment in...

Published 10 Jun, 2023 05:01am

Taxes

ST exemption: Units in NMDs get one-year extension

ISLAMABAD: The government has extended the sales tax exemption to newly-merged districts (NMDs) (FATA/ PATA) for...

Published 10 Jun, 2023 05:01am

Industry

Expert and industry views on federal budget

KARACHI: Pakistan presented its federal budget for the next fiscal year, one of four measures the International...

Published 10 Jun, 2023 05:01am

Companies

PITB signs MoU with GCU

LAHORE: The Punjab Information Technology Board (PITB) has signed a Memorandum of Understanding (MoU) with ...

Published 10 Jun, 2023 05:01am

Companies

Sparx smartphone launched

LAHORE: Sparx smartphone has been launched in a colourful ceremony held at a local hotel on Friday. The Sparx Neo7...

Published 10 Jun, 2023 05:01am

PML(N)-led coalition govt struggles to strike a delicate balance between outright populism & fiscal discipline

Dar presents Rs14.5trn budget
Budget closely watched by IMF
3.5% economic growth target set
Fiscal deficit target set at 6.54% of GDP
Govt targets inflation at 21%
Total spending target of 14.46 trillion rupees set
Defence expenditure estimated at 1.8 trillion rupees
Targets total tax revenue of 9.2 trillion rupees
Targets total non-tax revenue of 3 trillion rupees
$30 billion export target set
No new tax on industrial sector

Published 10 Jun, 2023 05:00am

Rs7.302trn will be spent on debt servicing

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.65 ▲ 0.95 (16.67%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	8.08 ▲ 0.97 (13.64%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.25 ▼ -2.88 (-9.89%)
Sanghar Sugar / Dec 18 Sanghar Sugar Mills Limited(SANSM)	29.20 ▼ -3.15 (-9.74%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	51 ▼ -4.95 (-8.85%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	67.44 ▼ -6.32 (-8.57%)
Hussain Industries / Dec 18 Husein Industries Limited(HUSI)	20.60 ▼ -1.91 (-8.49%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.07
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.58
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.16
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.27
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 0.95
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.52
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.39
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -1.18
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.08

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