News Archives for Print - 2023-06-11

Print - 2023-06-11

Over 20 die as heavy rains batter KP, Punjab

District Bannu was the hardest hit district where more than a dozen people died and over 80 others sustained injuries in different incidents

Updated 11 Jun, 2023 08:15am

PM, too, advocates ‘charter of economy’ as solution

Premier says the ‘Charter of Economy’ appears to be the only way forward for our political parties to achieve prosperity

Updated 11 Jun, 2023 08:16am

Four Colombian kids found alive in jungle weeks after plane crash

BOGOTA: Four children from an Indigenous community in Colombia were found alive in the country’s south on Friday...

Published 11 Jun, 2023 03:55am

14 die in Kazakhstan forest fires

ASTANA, (Kazakhstan): Fourteen people have died in major forest fires in northeastern Kazakhstan, the emergency...

Published 11 Jun, 2023 03:55am

Budget documents: 5G auction not mentioned

Govt has budgeted Rs 72.597 billion from 4G licenses under the head of non-tax revenue for the next fiscal year of 2023-24 against Rs 50 billion budgeted for the outgoing fiscal year

Updated 11 Jun, 2023 08:23am

Budget: telecom sector expresses disappointment

It is disappointing to see no relief extended to Pakistan’s 195 million telecom users who continue to face the highest telecom taxes in the world, says Jazz CEO

Updated 11 Jun, 2023 08:21am

PPC Inland online passport renewal & e-passport facility launched

Interior Minister Rana Sanaullah says digital transformation would not only save valuable time for the citizens but it will also make the process of issuance of passports easier

Updated 11 Jun, 2023 08:15am

Deployment after IK’s arrest: ICT Admin seeks withdrawal of troops

ICT administration says the situation is now satisfactory in Islamabad

Updated 11 Jun, 2023 08:18am

How to earn millions

For many people, living the dream is the ultimate measure of success. But for many, achieving enough to live the...

Published 11 Jun, 2023 03:55am

FDA: pre-budget meeting

Examines the previous financial year's budget estimates and directs the multidimensional development and administrative proposals

Updated 11 Jun, 2023 08:19am

‘Budget has nothing for the poor’, says Umar

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar on Saturday said that the federal budget 2023-24 which...

Updated 11 Jun, 2023 10:21pm

13 PTI women leaders: Police, prosecution issued notices on post-arrest bail petitions

LAHORE: An Anti-Terrorism Court (ATC) on Saturday issued notices to Sarwar Road police and the prosecution for June...

Published 11 Jun, 2023 03:55am

Country’s economy still in dire straits, says QWP chief

PESHAWAR: Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao while commenting on the federal budget, saying...

Published 11 Jun, 2023 03:55am

Punjab Summer Games: 34 sports competitions to be held

LAHORE: The Punjab government has decided in principle to hold competitions of 34 sports in the Punjab Summer Games...

Published 11 Jun, 2023 03:55am

Suspects sent on judicial remand

LAHORE: An Anti-Terrorism Court (ATC) on Saturday denied further custody of 89 suspects in the case of attack on...

Published 11 Jun, 2023 03:55am

NA approaches LHC against acceptance of PTI MNAs’ resignations

LAHORE: The National Assembly has approached the Lahore High Court against an order of a single bench passed against...

Published 11 Jun, 2023 03:55am

Islamabad: rise in street crime

ISLAMABAD: The residents of the heavily-guarded capital are increasingly scared of mobile phone snatching as well as...

Published 11 Jun, 2023 03:55am

CM asks officers to focus on issues facing the masses

LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi while addressing the administrative Secretaries Conference...

Published 11 Jun, 2023 03:55am

Australian HC, IRSA chief discuss water-related issues

ISLAMABAD: The Australian High Commissioner Neil Hawkins has visited IRSA headquarters and discussed issues related...

Published 11 Jun, 2023 03:55am

20 English-medium schools made functional, says Sindh CM

KARACHI: The Chief Minister Sindh on Saturday during his budget speech announced ongoing flagship projects under ADP...

Published 11 Jun, 2023 03:55am

Yasmin sent on physical remand

LAHORE: An Anti Terrorism Court allowed two-day physical remand of PTI-Punjab president Dr Yasmin Rashid to Gulberg...

Published 11 Jun, 2023 03:55am

Energy

Petroleum sector Rs1.5bn set aside under PSDP

ISLAMABAD: The federal government allocated development funds of Rs1.5 billion under the Public Sector Development...

Published 11 Jun, 2023 03:55am

Karachi mayorship: 5 candidates file nominations

KARACHI: People’s Party and Jamaat e Islami’s five candidates filed their nomination papers for Karachi ...

Published 11 Jun, 2023 03:55am

CBD Punjab project: CM reviews progress

Chief Minister Punjab, Syed Mohsin Raza Naqvi, visited Central Business District Punjab (CBD Punjab) project site to...

Published 11 Jun, 2023 03:55am

Energy

Renewable energy sector: Denmark agrees to cooperate

ISLAMABAD: Pakistan and Denmark have agreed on building collaboration in renewable energy sector, under the...

Published 11 Jun, 2023 03:55am

Letters

The AgriTech way

Speakers at a seminar titled ‘The role of AgriTech – unlocking opportunities and overcoming barriers’ in...

Published 11 Jun, 2023 03:55am

Foreign minister speaks about challenges facing Pakistan

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari has said that Pakistan is at “the fork in the road” towards...

Published 11 Jun, 2023 03:55am

PM expresses sorrow over loss of lives in KPK

LAHORE: Prime Minister Shehbaz Sharif Saturday here expressed grief and sorrow over the loss of precious lives in...

Published 11 Jun, 2023 03:55am

Qureshi declares IPP ‘dead on arrival’

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Shah Mehmood Qureshi sees no future for Jahangir Khan ...

Published 11 Jun, 2023 03:55am

Energy

US natgas falls on low demand

NEW YORK: US natural gas futures fell about 3% on Friday on forecasts for less demand over the next two weeks than...

Published 11 Jun, 2023 03:55am

The Weather

KARACHI: The weather report on Saturday (June 10, 2023) and the forecast for Sunday (June 11, 2023)...

Published 11 Jun, 2023 03:55am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Saturday (June 10, 2023). ======================================= Offset...

Published 11 Jun, 2023 03:55am

Tax policy-making process ‘ICTE’ to be set up to reduce role of FBR officials

ISLAMABAD: The Federal Board of Revenue (FBR) will establish an International Centre of Tax Excellence (ICTE) to...

Updated 11 Jun, 2023 08:11am

Proposed tax on windfall profits may be challenged in courts

ISLAMABAD: The new tax proposed on windfall profits gains may be challenged in courts due to its applicability on...

Updated 11 Jun, 2023 08:11am

REITs schemes: Tax exemption extended up to 30th

ISLAMABAD: The income tax exemption available to Real Estate Investment Trusts (REITs) schemes has been extended up...

Published 11 Jun, 2023 03:55am

Finance Bill brings in a big import-related facilitative step

ISLAMABAD: The Federal Board of Revenue (FBR) will not impose any penalty on importers in cases of non-placement of...

Updated 11 Jun, 2023 12:21pm

No amnesty scheme for expats: Law to be invoked against industries exploiting consumers: Dar

Responding to a question on (additional tax on certain income, profits, and gains) under new Section 99D of the Income Tax Ordinance 2001, Dar says provision would be invoked against the sectors that would put unnecessary financial burden on consumers

Updated 11 Jun, 2023 12:16pm

Dar concedes preponderance of external debt

Finance Minister says govt would negotiate with bilateral countries for rescheduling of debt with the request to backload the principal amount and payment of servicing

Updated 11 Jun, 2023 12:22pm

Power Div grilled for hiking circular debt by Rs90bn in April

ISLAMABAD: Finance Division has reportedly grilled Power Division for enhancing circular debt by Rs 90 billion in...

Updated 11 Jun, 2023 08:11am

Budget has Rs697bn uplift outlay

KARACHI: The Chief Minister, Syed Murad Ali Shah, here Saturday announced the provincial budget with a total...

Updated 11 Jun, 2023 08:11am

GST on services: Rs235bn target set

KARACHI: The Sindh government has set Rs 235 billion revenue collection target for sales tax on services for the ...

Updated 11 Jun, 2023 08:09am

Rich will be taxed: Rs2.2trn Sindh budget unveiled

KARACHI: Sindh Chief Minister Syed Murad Ali Shah Saturday presented a Rs2.2 trillion budget for the fiscal year...

Updated 11 Jun, 2023 12:22pm

Sindh budget: Rs272.17bn proposed for health services

KARACHI: Budget estimates for 2023-24 for Sindh Health Services have been proposed to be Rs272.168 billion. In his...

Updated 11 Jun, 2023 08:13am

Plea filed in SC against trial of civilians under Official Secrets Act, Army Act

ISLAMABAD: The Supreme Court has been urged to declare that the trials of the civilians arrested, in light of the ...

Updated 11 Jun, 2023 08:13am

Quetta murder

EDITORIAL: It was a horrific incident. Last Tuesday, a senior Quetta lawyer Abdul Razzak Shar was on his way to the...

Published 11 Jun, 2023 03:55am

Saving lives and smuggling wheat

EDITORIAL: Reports that ambulances of Pakistan Institute of Medical Sciences (PIMS) have been, and perhaps still ...

Published 11 Jun, 2023 03:55am

Industry

HCCI hails budget

HYDERABAD: President Hyderabad Chamber of Commerce and Industry Adeel Siddiqui has said that present federal...

Published 11 Jun, 2023 03:55am

Industry

Business community leader praises budget

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

Published 11 Jun, 2023 03:55am

Prices of key kitchen items remain stable

Sugar price went up from Rs 5,550 to Rs 5,600 per 50 kg in wholesale market which in retail is being sold at Rs 125 per kg

Updated 11 Jun, 2023 08:21am

Industry

Land route: Pakistan eyes $1b export to China

BEIJING: After successful transportation of seafood cargo container to Xinjiang Uyghur Autonomous Region through...

Published 11 Jun, 2023 03:55am

Industry

FPCCI chief says govt’s 3.5pc GDP growth target unrealistic

LAHORE: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Irfan Iqbal Sheikh on Saturday...

Published 11 Jun, 2023 03:55am

Commodities

Paris wheat higher as dry weather worries weigh

PARIS: European wheat futures set a new three-week high on Friday as concerns about dry crop weather in northern...

Published 11 Jun, 2023 03:55am

Commodities

US sugar stocks-to-use ratio cut as production falls

NEW YORK: The US Department of Agriculture (USDA) on Friday cut its projection for sugar stocks-to-use ratio, a key...

Published 11 Jun, 2023 03:55am

Commodities

Japanese rubber futures lower

SINGAPORE: Japanese rubber futures posted their second straight weekly gain, even as the benchmark closed lower on...

Published 11 Jun, 2023 03:55am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 10, 2023)...

Published 11 Jun, 2023 03:55am

Cotton & Textile

Cotton market: Spot rate continues upward march amid modest trading

LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Saturday increased the spot rate by Rs...

Published 11 Jun, 2023 03:55am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular