News Archives for Print - 2023-09-22

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Print - 2023-09-22

Elusive macroeconomic stability

In a recent statement reportedly, interim finance minister Dr Shamshad Akhtar indicated that there were signs of...

Published 22 Sep, 2023 03:40am

Grim challenges before 29th CJP

On completion of term of Justice Umar Ata Bandial as 28th Chief Justice of Pakistan (CJP), Justice Qazi Faez Isa ...

Published 22 Sep, 2023 03:40am

Assassination of a Sikh rights activist

EDITORIAL: When last May a Sikh dissident Parmajit Singh was brazenly murdered in Lahore by Indian agents Western...

Published 22 Sep, 2023 03:40am

Power sector is Achilles heel of economy

EDITORIAL: There is no respite from the increase in effective end-consumer electricity tariff. After 26 percent...

Published 22 Sep, 2023 03:40am

Israel, Saudi Arabia see progress on ties as Iran sounds warning

NEW YORK: Saudi Arabia and Israel voiced optimism Wednesday that they were moving closer to a historic normalization...

Published 22 Sep, 2023 03:33am

43rd edition of GITEX GLOBAL to take place from Oct 16 in Dubai

DUBAI: The surge in international demand has rallied the world’s largest tech and start-up event to scale even...

Published 22 Sep, 2023 03:33am

National Under-19 tournament starts today

LAHORE: The best teenage talent will be in action once again, as the IInd round of National Under-19 Championship...

Published 22 Sep, 2023 03:33am

ABL partners with Synapsify & Fasset for Web 3.0 initiative

LAHORE: To remain at the forefront of innovation and uphold our commitment to providing the best digital banking...

Published 22 Sep, 2023 03:33am

JI chief urges people to ‘reject corrupt ruling elite’

LAHORE: Chief of Jamaat-e-Islami Siraj-ul-Haq has said that the prolonged rule of a select few families in Punjab ...

Published 22 Sep, 2023 03:33am

The Weather

KARACHI: The weather report on Thursday (September 21, 2023) and the forecast for Friday (September 22, 2023)...

Published 22 Sep, 2023 03:33am

PML-N lauds announcement

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) has welcomed the announcement made by the Election Commission of...

Published 22 Sep, 2023 03:33am

Election to be held in last week of Jan

ISLAMABAD: The electoral entity has finally announced that the general elections in the country would be held in the...

Published 22 Sep, 2023 03:33am

Letters

This time India has gone too far

That this time India under the BJP/RSS combine has gone too far is a fact. And it must be ready to a pay a price for...

Published 22 Sep, 2023 03:33am

OGDCL and NUST forge strategic partnership

ISLAMABAD: In a landmark development to address critical exploration and production (E&P) issues, the Oil &...

Published 22 Sep, 2023 03:33am

Sharjeel praises Zardari’s ‘political wisdom’

KARACHI: PPP leader Sharjeel Inam Memon stated that PPP is prepared to engage with even its staunchest opponents for...

Published 22 Sep, 2023 03:33am

‘Exodus’ from Pakistan

Recent times have witnessed much hype around the whole phenomenon of mass emigration -or as some like to term it the...

Published 22 Sep, 2023 03:33am

NAB submits record of corruption cases to AC

ISLAMABAD: In light of a Supreme Court judgment that struck down amendments made to the accountability law, the...

Published 22 Sep, 2023 03:33am

Cipher case: IK granted permission to meet his legal team

ISLAMABAD: The special court hearing the cipher case against Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan, PTI...

Published 22 Sep, 2023 03:33am

PARTLY FACETIOUS: The strange bed fellows being Naqvi sahib and the Noons

“I reckon there is something in Lahore water…” “Well it couldn’t be Karachi water right! I mean aren’t...

Published 22 Sep, 2023 03:33am

Data ex-filtration: Indian group targeting Pakistani, Chinese state institutions

ISLAMABAD: The Cabinet Division has revealed that PatchWork — an Indian Advanced Persistent Threat (APT) group has...

Published 22 Sep, 2023 03:33am

IG Punjab orders crackdown against power thieves

LAHORE: Inspector General Police Punjab Dr Usman Anwar has issued orders to all RPOs, CPOs and DPOs to crackdown on...

Published 22 Sep, 2023 03:33am

SNGPL crackdown in Punjab, KP, Islamabad: More domestic, commercial connections removed, fines imposed

LAHORE: During the ongoing crackdown against gas pilferers, the SNGPL continued raids in Punjab, Khyber Pakhtunkhwa...

Published 22 Sep, 2023 03:33am

Stocks

China stocks hit 10-month low on hawkish US Fed stance

HONG KONG: China and Hong Kong stocks slipped further on Thursday as risk sentiment was hit after the US Federal...

Published 22 Sep, 2023 03:33am

Stocks

Nasdaq, S&P hit 1-month lows as rate worries lift yields

NEW YORK: The S&P 500 and the Nasdaq dropped to a more than one-month low on Thursday as a jump in Treasury...

Published 22 Sep, 2023 03:33am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 22 Sep, 2023 03:33am

Stocks

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

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

Published 22 Sep, 2023 03:33am

Stocks

Last date of renunciation/payment

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

Published 22 Sep, 2023 03:33am

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 22 Sep, 2023 03:33am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Thursday (September 21, 2023). ======================== OFFER PRICE...

Published 22 Sep, 2023 03:33am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Thursday (September 21, 2023). ======================== OFFER PRICE...

Published 22 Sep, 2023 03:33am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Thursday (September 21, 2023). ======================== OFFER PRICE...

Published 22 Sep, 2023 03:33am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Thursday (September 21, 2023). ======================== OFFER PRICE...

Published 22 Sep, 2023 03:33am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Thursday (September 21, 2023). ======================== OFFER PRICE...

Published 22 Sep, 2023 03:33am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Thursday (September 21, 2023). ======================== OFFER PRICE...

Published 22 Sep, 2023 03:33am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Thursday (September 21, 2023). ======================== OFFER PRICE...

Published 22 Sep, 2023 03:33am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (September 21, 2023). ========================== ...

Published 22 Sep, 2023 03:33am

Rates

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday ...

Published 22 Sep, 2023 03:33am

Rates

PSX posts handsome gains

KARACHI: Pakistan Stock Exchange on Thursday opened on a dull note, however it turned bullish after the Election...

Published 22 Sep, 2023 03:33am

Levy of electricity duty: Under which law the notification was issued, SC asks Punjab govt

ISLAMABAD: The Supreme Court has asked the Punjab government to explain under which law the notification was issued...

Updated 22 Sep, 2023 09:12am

Energy

SSGC’s response to ‘UFG – the elephant in the room’

KARACHI: This is with reference to the news article entitled ‘UFG – the elephant in the room’ carried by the...

Published 22 Sep, 2023 03:33am

Energy

Oil up slightly; trade choppy as Russia fuel export ban boosts

NEW YORK: Oil prices were slightly higher in choppy trading on Thursday, rising as much as $1 a barrel after a...

Published 22 Sep, 2023 03:33am

Commodities

Palm oil hits three-month closing low

SINGAPORE: Malaysian palm oil futures ended at a three-month closing low on Thursday, mirroring steep declines in...

Published 22 Sep, 2023 03:33am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 26.748...

Published 22 Sep, 2023 03:33am

Commodities

Japanese rubber futures higher

SINGAPORE: Japanese rubber futures recovered at closing on Thursday amid talks of quantitative trading strategies in...

Published 22 Sep, 2023 03:33am

Commodities

Asia rice: India’s export curbs stall trade

MUMBAI/HANOI/ BANGKOK/BANGLADESH: Vietnamese and Thai rice export rates declined further from recent highs this ...

Published 22 Sep, 2023 03:33am

Commodities

IGC raises corn crop forecast

LONDON: The International Grains Council (IGC) on Thursday raised its forecast for 2023/24 global corn production,...

Published 22 Sep, 2023 03:33am

Commodities

China ferrous futures slump

MANILA: Prices of iron ore, steel and steelmaking ingredients in China slumped on Thursday, as risk sentiment was ...

Published 22 Sep, 2023 03:33am

Commodities

Vietnam coffee trading sluggish

HANOI/BANDAR LAMPUNG: Coffee trading in Vietnam continued on a sluggish note this week due to empty stocks, with...

Published 22 Sep, 2023 03:33am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 130,691 tonnes of cargo comprising 90,642 tonnes of import cargo and 40,049...

Published 22 Sep, 2023 03:33am

Energy

US natgas prices little changed

NEW YORK: US natural gas futures were little changed on Thursday as the market waited for direction from a federal...

Published 22 Sep, 2023 03:33am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday (September 21, 2023)...

Published 22 Sep, 2023 03:33am

Cotton & Textile

Cotton spot rate loses Rs200 per maund

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

Published 22 Sep, 2023 03:33am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (September 21, 2023)...

Published 22 Sep, 2023 03:33am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (September 21, 2023). =======================================...

Published 22 Sep, 2023 03:33am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 21, 2023)....

Published 22 Sep, 2023 03:33am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (September 21, 2023). ======================== Open ...

Published 22 Sep, 2023 03:33am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (September 21, 2023)....

Published 22 Sep, 2023 03:33am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (September 21, 2023)....

Published 22 Sep, 2023 03:33am

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 22 Sep, 2023 03:33am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Thursday (September 21, 2023)....

Published 22 Sep, 2023 03:33am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (September 21, 2023). ====================================...

Published 22 Sep, 2023 03:33am

Rates

BOARD MEETINGS

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

Published 22 Sep, 2023 03:33am

Rates

Board meetings in progress

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

Published 22 Sep, 2023 03:33am

Rates

Dividend/Bonus Announcements

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

Published 22 Sep, 2023 03:33am

Rates

Proposed right issues

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

Published 22 Sep, 2023 03:33am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Thursday (September 21, 2023). ======================== OFFER ...

Published 22 Sep, 2023 03:33am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Thursday (September 21, 2023). ======================== OFFER PRICE...

Published 22 Sep, 2023 03:33am

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 22 Sep, 2023 03:33am

PTI to challenge ECP decision

ISLAMABAD: As the Election Commission of Pakistan (ECP) announced that general elections in the country will take...

Updated 22 Sep, 2023 08:36am

PSM sell-off: Only one bidder still showing interest, says Fawad

ISLAMABAD: There is a single bidder left which is still showing interest in the privatisation of Pakistan Steel...

Updated 22 Sep, 2023 09:11am

GST evaded through flying invoices estimated at Rs5-6trn

Use of fake/flying invoices to commit sales tax fraud increases after facilitation, automation and easy ways to get sales tax registrations

Updated 22 Sep, 2023 10:00am

Shamshad lists factors behind SOEs’ Rs500bn losses

ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar on Thursday said external interference, lack of...

Updated 22 Sep, 2023 08:46am

‘Tax rich more,’ IMF asks govt

NEW YORK: International Monetary Fund (IMF) Managing Director Kristalina Georgieva has called on the authorities in...

Published 22 Sep, 2023 03:33am

For increasing remittance inflows: SBP ups cash incentives for banks, MFBs and ECs

KARACHI: The State Bank of Pakistan (SBP) on Thursday announced increase in the financial incentives for banks,...

Updated 22 Sep, 2023 09:37am

Initially, Pakistan and GCC likely to sign FTAs on limited items

ISLAMABAD: Pakistan and Gulf Cooperation Council (GCC) are likely to sign the long-debated Free Trade Agreements...

Updated 22 Sep, 2023 10:01am

Privatisation of SOEs: Minister explains mandate of caretaker govt

ISLAMABAD: A few buyers of state-owned entities (SOEs) claimed demurrage from the Privatisation Division for ...

Published 22 Sep, 2023 03:33am

Companies

LCI to acquire approx 75.01pc shareholding of Lotte Chemical Ltd

KARACHI: Lucky Core Industries (LCI) has informed that Optimus Capital Management (Private) Limited, Manager to...

Updated 22 Sep, 2023 08:37am

Coal pricing mechanism: power plants, coal suppliers question Nepra’s proposed revision

ISLAMABAD: Coal power plants and coal suppliers on Thursday raised questions on NEPRA’s proposed revision in coal...

Updated 22 Sep, 2023 02:20pm

Gathering of info from oil & ghee cos: SC upholds statutory powers of CCP

ISLAMABAD: There is no restriction on the Competition Commission of Pakistan’s general regulatory powers to call for...

Updated 22 Sep, 2023 09:13am

Minister, retailers discuss steps aimed at boosting exports

ISLAMABAD: Minister of Commerce, Industries and Production, Gohar Ejaz, chaired a meeting with prominent retailers...

Updated 22 Sep, 2023 08:38am

Forex reserves rise

KARACHI: The country’s total liquid foreign exchange reserves increased by $ 108 million to $ 13.187 billion as of...

Published 22 Sep, 2023 03:33am

Annual meetings of IMF, WBG Board in October: WB invites Shamshad

ISLAMABAD: The World Bank’s Country Director Najy Benhassine has extended an invitation to caretaker Finance...

Published 22 Sep, 2023 03:33am

Taxes

Real estate sector: FTO asks FBR to stay vigilant against market prices

ISLAMABAD: The Federal Tax Ombudsman has strongly recommended to the Federal Board of Revenue (FBR) to remain...

Published 22 Sep, 2023 03:33am

Companies

Revolutionising the SUV Landscape: Hyundai’s Santa Fe is around the corner

LAHORE: Hyundai Nishat Motor (Private) Limited (HNMPL), the fastest-growing automotive manufacturer in Pakistan, is...

Published 22 Sep, 2023 03:33am

Companies

Endeavor Pakistan & TPL Maps’ ‘Chasing Impact’ event held in Lahore

LAHORE: Endeavor Pakistan, a leading global organization dedicated to fostering entrepreneurship and supporting...

Published 22 Sep, 2023 03:33am

Money & Banking

SBP revises three reporting returns at DAP

KARACHI: The State Bank of Pakistan (SBP) has revised three reporting returns at Data Acquisition Portal (DAP). As...

Published 22 Sep, 2023 03:33am

Industry

Minister underscores need for expediting work on SEZs under CPEC projects

ISLAMABAD: Caretaker Minister for Planning, Development and Special Initiatives, Muhammad Sami Saeed, directed the...

Published 22 Sep, 2023 03:33am

Money & Banking

Dollar edges up vs pound, euro on Fed support

NEW YORK: The US dollar edged higher against the pound and the euro on Thursday, a day after the Federal Reserve ...

Published 22 Sep, 2023 03:33am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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