News Archives for Print - 2023-07-11

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Print - 2023-07-11

PM reaffirms commitment to UN SDGs

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Monday said that Pakistan was keen to expand its cooperation...

Published 11 Jul, 2023 06:08am

SC returns IPP leader’s plea seeking ban on PTI

ISLAMABAD: The registrar Supreme Court on Monday raised objections and returned Istehkam-e-Pakistan Party (IPP)...

Published 11 Jul, 2023 06:08am

Contempt plea filed against two SC judges

ISLAMABAD: A contempt petition has been filed in the Supreme Court against Justice Qazi Faez Isa and Justice Sardar...

Published 11 Jul, 2023 06:08am

President administers oath

ISLAMABAD: President Dr Arif Alvi on Monday administered oath to Dr Syed Muhammad Anwar as Alim Judge of the Federal...

Published 11 Jul, 2023 06:08am

Kurram district: Nine killed over land dispute

ISLAMABAD: Still pending land dispute led to armed conflict between rival tribes in several areas of Kurram ...

Published 11 Jul, 2023 06:08am

Toshakhana case: Court says complaint was filed by ‘authorised person’

ISLAMABAD: The district and sessions court on Monday ruled that a duly authorised person filed the complaint in...

Published 11 Jul, 2023 06:08am

Flood Protection Sector Project-III: ECNEC forms inter-provincial steering body for monitoring

ISLAMABAD: The Executive Committee of National Economic Council (ECNEC) has constituted inter-provincial Steering...

Published 11 Jul, 2023 06:08am

Maulana Fazl calls on PM

ISLAMABAD: Amir of Jammiat-e-Ulema Islam (JUI-F) Maulana Fazlur Rehman on Monday called on Prime Minister Muhammad...

Published 11 Jul, 2023 06:08am

Sindh assembly may elect new opposition leader tomorrow

KARACHI: The Sindh Assembly is expected to choose a new leader of the opposition on July 12, 2023 for a consultation...

Published 11 Jul, 2023 06:08am

PTI chief’s interim bail extended in different cases

ISLAMABAD: The Anti-Terrorism Court (ATC) on Monday extended the interim bail of Pakistan Tehreek-e-Insaf (PTI)...

Published 11 Jul, 2023 06:08am

CDA holds public hearing on ecosystem restoration, elimination of wild mulberry

ISLAMABAD: The Capital Development Authority (CDA), on Monday, organised an important public hearing regarding the...

Published 11 Jul, 2023 06:08am

Stocks

Wall St kicks off week higher ahead of inflation numbers

NEW YORK: Wall Street’s main indexes rose on Monday, recovering losses from last week, as investors looked ahead ...

Published 11 Jul, 2023 06:08am

Stocks

Alibaba, Tencent shares rise as investors bet China’s tech crackdown is over

HONG KONG: Alibaba Group and Tencent shares rose in Hong Kong on Monday after China’s $984 million fine against ...

Published 11 Jul, 2023 06:08am

Stocks

European stocks start week on steady footing

PARIS: European shares inched higher on Monday with the travel & leisure sector leading gains, helping to limit...

Published 11 Jul, 2023 06:08am

World Population Day: A call to action for sustainable future

A population that rises like a river will flood our planet with problems. This unprecedented growth threatens our...

Published 11 Jul, 2023 06:08am

Heat index expected to be higher: PMD

LAHORE: The heat index (feel like temperature/apparent temperature) is expected to be higher than normal in major...

Published 11 Jul, 2023 06:08am

Suleman Shehbaz acquitted in money laundering case

LAHORE: A special court on Monday acquitted Suleman Shehbaz and other accused in money laundering case. Special...

Published 11 Jul, 2023 06:08am

German envoy, Aleem Khan discuss political situation

LAHORE: German Ambassador in Pakistan Alfred Grannas called on President Istehkam Pakistan Party (IPP) Abdul Aleem...

Published 11 Jul, 2023 06:08am

Police & peace committee collaborate to ensure peaceful Muharram

LAHORE: In an effort to maintain peace and tranquillity during the sacred month of Muharram, Punjab police and the...

Published 11 Jul, 2023 06:08am

Two Lesco employees suspended

LAHORE: Chie Executive Officer (CEO) Lahore Electric Supply Company (Lesco) Eng Shahid Haider has suspended two...

Published 11 Jul, 2023 06:08am

PARTLY FACETIOUS: IMF’s rare contact

“Okaaay.” “What brought on that long drawn out sigh?” “The International Monetary Fund (IMF) contacted all...

Updated 11 Jul, 2023 07:29am

CM says flood situation under control in Punjab

LAHORE: The caretaker Chief Minister Punjab, Mohsin Naqvi, shared an update on the flood situation through a tweet...

Published 11 Jul, 2023 06:08am

The ebb of external inflows

The Ministry of Economic Affairs has released the statement of May 2023 on Disbursement of Foreign Economic...

Updated 11 Jul, 2023 06:37am

Strategic miscalculations regarding TTP

Given the political and economic instability and uncertainty afflicting Pakistan, it is all too easy to forget the...

Updated 11 Jul, 2023 06:40am

Letters

A ‘charter of economy’

This is apropos a Business Recorder op-ed carried by the newspaper on Saturday. The writer, Farhat Ali, has ...

Published 11 Jul, 2023 06:08am

Governor inaugurates Sindh IT Gate

KARACHI: Sindh Governor Mohammed Kamran Khan Tessori inaugurated the Sindh IT Gate here on Monday. While talking to...

Published 11 Jul, 2023 06:08am

Nasir Shah inaugurates project for beautification of Shahrah-e-Faisal

KARACHI: Sindh Local Government Minister Syed Nasir Hussain Shah, on Monday, along with Mayor Karachi Murtaza Wahab...

Published 11 Jul, 2023 06:08am

The Weather

KARACHI: The weather report on Monday (July 10, 2023) and the forecast for Tuesday (July 11, 2023)...

Published 11 Jul, 2023 06:08am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 11 Jul, 2023 06:08am

Stocks

Last date of renunciation/payment

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

Published 11 Jul, 2023 06:08am

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 11 Jul, 2023 06:08am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (July 10, 2023). ========================== KIBOR...

Published 11 Jul, 2023 06:08am

Rates

Stocks stage handsome rally

KARACHI: Pakistan Stock Exchange Monday witnessed a bullish trend and closed on strong positive note on the back of...

Published 11 Jul, 2023 06:08am

Commodities

Funds sell CBOT corn, soybeans amid surprising US acreage report

NAPERVILLE, (Illinois): The US government’s June survey delivered shocking corn and soybean acreage figures in the...

Published 11 Jul, 2023 06:08am

Grains

Australia ships first raw sugar to UK under free trade pact

LONDON: Queensland Sugar Limited said the first shipment of raw sugar to Britain under the free trade agreement...

Published 11 Jul, 2023 06:08am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 118,177 tonnes of cargo comprising 58,217 tonnes of import cargo and 59,960...

Published 11 Jul, 2023 06:08am

Grains

India’s ethanol program will cap future sugar exports

MUMBAI: India’s ethanol program will cap future sugar exports India, the world’s second-largest sugar producer...

Published 11 Jul, 2023 06:08am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday (July 09, 2023)...

Published 11 Jul, 2023 06:08am

Cotton & Textile

Cotton market: week begins on positive note

LAHORE: The local cotton market on Monday was steady and the trading volume remained satisfactory. Cotton Analyst...

Published 11 Jul, 2023 06:08am

Energy

Oil steady

HOUSTON: Oil prices were little changed on Monday in choppy trading as demand woes after weak economic data from top...

Published 11 Jul, 2023 06:08am

Energy

NTDC secures land for construction of 500kV grid station in Sialkot

LAHORE: The National Transmission & Despatch Company (NTDC) successfully acquired 736 kanal 13 marla land for...

Published 11 Jul, 2023 06:08am

Commodities

China’s CMOC resumes copper, cobalt shipments

NAIROBI: China’s CMOC Group said on Monday it has resumed exports of copper and cobalt from its TFM mine in the...

Published 11 Jul, 2023 06:08am

Rates

LME official prices

LONDON: The following were Friday official prices. ========================================= ALUMINIUM...

Published 11 Jul, 2023 06:08am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (July 10, 2023)...

Published 11 Jul, 2023 06:08am

Paper

Lahore Paper Market Rates

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

Published 11 Jul, 2023 06:08am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 10, 2023)....

Published 11 Jul, 2023 06:08am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (July 10, 2023). ======================== Open Bid Rs...

Published 11 Jul, 2023 06:08am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (July 10, 2023)....

Published 11 Jul, 2023 06:08am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Monday (July 10, 2023)....

Published 11 Jul, 2023 06:08am

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 11 Jul, 2023 06:08am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Monday (July 10, 2023)....

Published 11 Jul, 2023 06:08am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (July 10, 2023). ==================================== BR...

Published 11 Jul, 2023 06:08am

Rates

BOARD MEETINGS

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

Published 11 Jul, 2023 06:08am

Rates

Proposed right issues

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

Published 11 Jul, 2023 06:08am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Monday (July 10, 2023). ======================== OFFER PRICE...

Published 11 Jul, 2023 06:08am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Monday (July 10, 2023). ======================== OFFER PRICE...

Published 11 Jul, 2023 06:08am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Monday (July 10, 2023). ======================== OFFER PRICE 1,549.4304...

Published 11 Jul, 2023 06:08am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Monday (July 10, 2023). ======================== OFFER PRICE 1,108.6305...

Published 11 Jul, 2023 06:08am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Monday (July 10, 2023). ======================== OFFER PRICE 1,562.7347 BID...

Published 11 Jul, 2023 06:08am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Monday (July 10, 2023). ======================== OFFER PRICE...

Published 11 Jul, 2023 06:08am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Monday (July 10, 2023). ======================== OFFER PRICE 1,764.9831...

Published 11 Jul, 2023 06:08am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Monday (July 10, 2023). ======================== OFFER PRICE 539.1595...

Published 11 Jul, 2023 06:08am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Monday (July 10, 2023). ======================== OFFER PRICE 458.7374...

Published 11 Jul, 2023 06:08am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Monday (July 10, 2023). ======================== OFFER PRICE 2,410.0143...

Published 11 Jul, 2023 06:08am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (July 10,...

Published 11 Jul, 2023 06:08am

PM optimistic about country’s agri prospects

ISLAMABAD: Prime Minister Shehbaz Sharif has termed the agriculture sector as backbone of the country, saying, it is...

Updated 11 Jul, 2023 09:00am

Sufficient inflows of USD mandatory: Relaxation on retiring of LCs not ‘unrestrained’: official

Information shared by Ministry of Industries and Production (MoI&P) informally with National Assembly Standing Committee on Industries and Production

Updated 11 Jul, 2023 09:06am

SIH transaction: Privatisation Commission allowed to proceed

ISLAMABAD: The Cabinet Committee on Privatization (CCoP) on Monday allowed the Privatization Commission to proceed...

Updated 11 Jul, 2023 08:58am

Sugar retail price soars

ISLAMABAD: Sugar price within the past three months registered an increase of Rs40 per kg in the retail market, ie,...

Updated 11 Jul, 2023 08:57am

Fitch upgrades rating on improved external liquidity

ISLAMABAD: Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC”...

Updated 11 Jul, 2023 09:02am

Payable as RD: SC allows Customs to encash 50pc bank guarantee of OMCs

ISLAMABAD: The Supreme Court has allowed the Collector of Customs, Karachi to encash 50 percent bank guarantee of...

Updated 11 Jul, 2023 09:00am

FY23 remittances fall 13.6pc to $27bn YoY

KARACHI: Workers’ remittances declined by 13.6 percent to $27 billion in the fiscal year FY23 as compared to...

Published 11 Jul, 2023 06:08am

Iraq, TotalEnergies sign agreement for delayed $10bn deal

BAGHDAD: Iraq on Monday signed agreements with TotalEnergies for a $10 billion set of projects that aim to improve...

Published 11 Jul, 2023 06:08am

ECP refuses to hold LG polls in Punjab thru EVMs, i-voting

ISLAMABAD: The poll body has refused to hold the local government elections in Punjab through electronic voting...

Updated 11 Jul, 2023 08:55am

Rs69.5bn money laundering unearthed in solar panel imports

KARACHI: The Directorate of Post Clearance Audit (PCA) South has uncovered massive money laundering in the solar...

Updated 11 Jul, 2023 09:51am

Position of Nepra chairman advertised

ISLAMABAD: Cabinet Division on Monday advertised the position of Chairman National Electric Power Regulatory...

Updated 11 Jul, 2023 08:52am

Declaration of assets & liabilities: FBR sets deadline

ISLAMABAD: The Federal Board of Revenue (FBR) has given a deadline of July 15, 2023 to all the officers of Inland...

Updated 11 Jul, 2023 08:54am

Sindh govt approves 17.5pc increase in pension

KARACHI: The Sindh government has sanctioned an increase of 17.5 percent on net pension with effect from July 01,...

Updated 11 Jul, 2023 09:01am

‘Pakistan needs to adopt global approach towards building startups’

ISLAMABAD: Pakistan needs to adopt a global approach towards building startups and training founders in the global...

Published 11 Jul, 2023 06:08am

Jan-May: 4.88m mobile phones manufactured in country

ISLAMABAD: Local manufacturing plants have manufactured/assembled 4.88 million mobile handsets during the first four...

Published 11 Jul, 2023 06:08am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 27.197 ...

Published 11 Jul, 2023 06:08am

Commodities

Australian coffee shops an early inflation casualty

SYDNEY: The cost of serving up a sandwich with a cup of coffee has hit the roof across Australia’s vaunted cafes,...

Published 11 Jul, 2023 06:08am

Commodities

China flexes critical metals muscles with export curbs

LONDON: China’s threat to curb exports of gallium and germanium from the start of August marks an escalation in ...

Published 11 Jul, 2023 06:08am

Money & Banking

Dollar falls to three-week low vs yen

NEW YORK: The dollar sank to a three-week low against the yen on Monday and slipped against other major currencies ...

Published 11 Jul, 2023 06:08am

‘Increasing cost of production is a real threat to LSM, small-scale businesses’

LAHORE: “The ever-increasing cost of production in the country is the real threat to both large-scale ...

Published 11 Jul, 2023 06:08am

IMF’s approach is a bit out of the ordinary

EDITORIAL: The much hyped attempt by the International Monetary Fund (IMF) team to seek a consensus on the ...

Published 11 Jul, 2023 06:08am

NAB controversies

You wouldn’t expect the ruling coalition to be fazed by the controversy triggered by the NAB law amendment bill;...

Published 11 Jul, 2023 06:08am

Industry

Textile industry continuously declining: HCSTSI president

HYDERABAD: President Hyderabad Chamber of Small Traders and Small Industry Muhammad Farooq Shaikhani expressed his...

Published 11 Jul, 2023 06:08am

Russia, Iran, & Afghanistan: FPCCI’s initiatives for barter trade bear fruit: chief

KARACHI: Irfan Iqbal Sheikh, President FPCCI, has expressed his satisfaction that FPCCI’s years of relentless...

Published 11 Jul, 2023 06:08am

Industry

HC highlights vast potential for industrialisation in Ghana

KARACHI Ghana’s High Commissioner to Pakistan and Iran, Eric Owusu, highlighted the vast potential for...

Published 11 Jul, 2023 06:08am

Industry

TDAP welcomes opening of Kazakhstan- Pakistan operations

KARACHI: Kazakhstan has decided to operate direct flights from Almaty to Lahore, on weekly basis. On the occasion,...

Published 11 Jul, 2023 06:08am

Finalisation of GDs’ assessment without valid EIF stopped

ISLAMABAD: The Federal Board of Revenue (FBR) has restrained the Customs field formations from the finalisation of...

Published 11 Jul, 2023 06:08am

Companies

HBL wins Pakistan’s Best Digital Bank 2023 award

KARACHI: Asiamoney awards HBL the accolade of Best Bank for Digital Solutions Pakistan’ for 2023. The Bank has ...

Published 11 Jul, 2023 06:08am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	278.27
USD PKR Interbank Buying / May 14	278.07
USD to Japanese Yen / May 14	156.42
USD to Swiss Franc / May 14	0.91
Pound Sterling to USD / May 14	1.26
Euro to USD / May 14	1.08

Stock	Volume
S&P 500 / May 13	5221.42
Nasdaq / May 13	16388.24
Dow Jones / May 13	39431.51
India Sensex / May 14	72853.85
Tokyo Nikkei / May 14	38227.19
Hang Seng / May 14	19120.21
FTSE 100 / May 14	8427.64
Germany DAX 30 / May 14	18697.64

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	19935
Crude Oil USD/Barrel / May 14	79.23
Gold 10 Grams PKR / May 14	207733
Gold Spot USD/Ounce / May 14	2344.20
Cotton US¢/pound / May 14	77.55
Petrol/Litre / May 15	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 15 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 15 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 15 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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