News Archives for Print - 2022-05-02

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Print - 2022-05-02

Industry

SME sector development: minister vows all-out govt effort

LAHORE: Makhdoom Syed Murtaza Mahmood, Federal Minister Industries and Production has said that he will play a...

Published 02 May, 2022 07:30am

Industry

Suez Canal records record monthly revenue in April

CAIRO: Egypt’s Suez Canal Authority announced Sunday an all-time revenue record for April, earning $629 million...

Published 02 May, 2022 07:30am

Industry

Chip consortium to set up $3bn plant in India

BENGALURU: International semiconductor consortium ISMC will invest $3 billion in India’s southern Karnataka state...

Published 02 May, 2022 07:30am

Industry

India’s jobless rate rises to 7.83pc in April: CMIE

NEW DELHI: India’s unemployment rate rose to 7.83% in April from 7.60% in March, data from the Centre for...

Published 02 May, 2022 07:30am

Energy

EU leans towards Russian oil ban by year-end: diplomats

BRUSSELS: The European Union is leaning towards a ban on imports of Russian oil by the end of the year, two EU...

Published 02 May, 2022 07:30am

USA

Trump faces biggest test of his ‘king-maker’ clout since leaving White House

NEW YORK: The month of May brings Donald Trump the biggest test of his political clout since the end of his...

Published 02 May, 2022 07:30am

Energy

UK asks North Sea oil and gas sector to set out plan to reinvest profits

LONDON: Business minister Kwasi Kwarteng has written to the North Sea oil and gas industry asking it to set out a...

Published 02 May, 2022 07:30am

Asia

As Beijing tightens Covid curbs, Shanghai sees signs of life

BEIJING/SHANGHAI: The Chinese capital Beijing tightened COVID restrictions on Sunday as it battled an outbreak, ...

Published 02 May, 2022 07:30am

Pope defends media freedom, pays tribute to killed reporters

VATICAN CITY: Pope Francis on Sunday paid tribute to journalists who have died or been jailed in the line of duty,...

Published 02 May, 2022 07:30am

Ukraine asks China to be security guarantor

BEIJING: Ukraine’s foreign minister has asked China to provide security guarantees for Kyiv, in a lengthy ...

Published 02 May, 2022 07:30am

Civilians evacuated from Mariupol; US Speaker Pelosi visits Kyiv

KYIV/BEZIMENNE, (Ukraine): Around 50 Ukrainian civilians reached the relative safety of a temporary camp in...

Published 02 May, 2022 07:30am

Money & Banking

Miller Homes ends Europe’s longest junk bond drought since 2009

LONDON: British homebuilder Miller Homes raised 815 million pounds in a bond sale on Friday, a lead manager said, ...

Published 02 May, 2022 07:30am

Aerial bundled cable project for 3 KP districts approved

PESHAWAR: Chief Executive Officer (CEO) Peshawar Electric Supply Company (PESCO), Engineer Jabbar Khan has said that...

Published 02 May, 2022 07:30am

HWA highlights challenges facing peasants, rural workers

HYDERABAD: On International Labour Day, Hari Welfare Association (HWA) said rural workers and peasants constitute...

Published 02 May, 2022 07:12am

UHS approves ‘Ehsaas-like’ scholarship for nursing students

LAHORE: The University of Health Sciences (UHS) has decided to give scholarships to its nursing students on the...

Published 02 May, 2022 07:12am

Eid holidays: KP CS orders foolproof security measures

PESHAWAR: Khyber Pakhtunkhwa Chief Secretary Dr Shahzad Khan Bangash on Saturday directed all the deputy...

Published 02 May, 2022 07:12am

50 oil tankers gutted

NOWSHERA: The massive fire which erupted in Taro Oil Tanker Depot, Nowshera had been brought under control after it...

Published 02 May, 2022 07:12am

Faisalabad officials brief legislators on security plan

FAISALABAD: Divisional Commissioner of Faisalabad Zahid Hussain and Regional Police Officer (RPO) Imran Mahmood had...

Published 02 May, 2022 07:12am

Riba: roundtable lauds FSC judgement

ISLAMABAD: The much-awaited verdict of the Federal Shariat Court (FSC) on interest-free economy, despite being ...

Published 02 May, 2022 07:12am

PDMA’s EOC to remain operational during Eid holidays

PESHAWAR: The Emergency Operation Centre (EOC) of the Provincial Disaster Management Authority (PDMA) will remain...

Published 02 May, 2022 07:12am

KP Health Department to set up social media monitoring unit

PESHAWAR: Khyber Pakhtunkhwa Health Department has decided to set up a Social Media Monitoring Unit to deal with the...

Published 02 May, 2022 07:12am

Companies

Google-parent Alphabet sees quarterly profit slip

SAN FRANCISCO: Shares in Google’s parent company Alphabet sank Tuesday after the internet giant reported that...

Published 02 May, 2022 07:12am

Minister’s directive to DSs

LAHORE Federal Minister for Railways Khawaja Saad Rafique has directed all Divisional Superintendents to ensure...

Published 02 May, 2022 07:12am

Europe

‘Deepfake’ crimes on the rise, Europol warns

THE HAGUE: The use of deepfake technology is gaining ground in the criminal underworld and should be targeted as a...

Published 02 May, 2022 06:53am

Companies

Covid, supply chain: Apple reports solid Q2, but warns of $4-$8bn hit

NEW YORK: Apple reported better-than-expected profits Thursday amid continued robust consumer demand, but warned ...

Published 02 May, 2022 06:53am

Money & Banking

Deutsche Bank profits rise as exposure to Russia trimmed

FRANKFURT: Germany’s leading lender Deutsche Bank on Wednesday reported a bump in quarterly profits as it reduced...

Published 02 May, 2022 06:53am

Money & Banking

HSBC profits slide

LONDON: HSBC profits slid in the first quarter, the Asia-focused bank announced Tuesday after it was hit by bad ...

Published 02 May, 2022 06:53am

Energy

Boosted by oil prices, ExxonMobil, Chevron throw cash at investors

NEW YORK: ExxonMobil and Chevron reported soaring profits Friday despite lower oil and natural gas volumes as the...

Published 02 May, 2022 06:53am

Companies

Cathie Wood’s favorite Teladoc set for worst day on record after slashing profit target

NEW YORK: Teladoc Health Inc, which counts Cathie Wood’s Ark Invest as its biggest investor, tanked more than 45%...

Published 02 May, 2022 06:53am

PDP chief calls for introduction of ‘circular debt bonds’

KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor has suggested that the government should issue special...

Published 02 May, 2022 06:53am

President rejects Dr Humayun’s plea against investigation

ISLAMABAD: President Dr Arif Alvi rejected a petition of one Dr Humayun Iqbal requesting to dismiss the order of a ...

Published 02 May, 2022 06:53am

PPP govt committed to giving workers their legitimate rights: Wahab

KARACHI: Administrator Karachi, Sindh government’s Spokesman and CM Advisor on Law Barrister Murtaza Wahab on...

Published 02 May, 2022 06:53am

Railways urged to take action against stall holders fleecing people

KARACHI: Railways Mazdoor Union on Sunday said that the stall holders at railway stations in Karachi and Hyderabad...

Published 02 May, 2022 06:53am

May Day observed to uphold, protect workers’ rights

KARACHI: Labour unions and workers’ associations on the occasion of International Labour Day, Sunday identified...

Published 02 May, 2022 06:53am

AAJ PROGRAM SCHEDULE

Sunday, May 01, 2022 TIMING PROGRAM TITLE 06:00 NEWS BULLETIN 06:25 HEADLINE NEWS 06:30 NEWS BULLETIN 06:55 ...

Published 02 May, 2022 06:07am

IK behind Masjid-e-Nabwi incident: Marriyum

ISLAMABAD: Federal Minister Information and Broadcasting Marriyum Aurangzeb said on Sunday that the sloganeering and...

Published 02 May, 2022 05:46am

Sheikh Rashid’s nephew arrested at airport

ATTOCK/ISLAMABAD: A local court granted one day’s remand of Sheikh Rashid Shafique to police on Sunday. Police had...

Published 02 May, 2022 05:46am

‘Farah is innocent’, insists Imran

ISLAMABAD: Terming the corruption investigation ordered by National Accountability Bureau (NAB) against Farah Khan...

Published 02 May, 2022 05:46am

Ricardo Alarcon dies

HAVANA: Ricardo Alarcon, one of the most powerful men in Cuba under former President Fidel Castro and a key player ...

Published 02 May, 2022 05:46am

Rehabilitation of Confucius Institute at KU: Chinese Foundation gives special fund

BEIJING: A special fund was given by the Chinese International Education Foundation for rehabilitation of the...

Published 02 May, 2022 05:46am

Europe

Violence erupts in May Day protests, marchers criticise Macron

PARIS: Police fired tear gas to push back black-clad anarchists who ransacked business premises in Paris on Sunday...

Published 02 May, 2022 05:46am

USA

Republican Hutchinson, at odds with Trump, eyes 2024 US presidential run

WASHINGTON: Arkansas Governor Asa Hutchinson said on Sunday he is considering a run for the 2024 Republican US...

Published 02 May, 2022 05:46am

Mazari criticises registration of case against party chairman

ISLAMABAD: The ex-minister human rights minister Dr Shireen Mazari said on Sunday that she was not surprised by the...

Published 02 May, 2022 05:46am

Masjid-e-Nabwi’s sanctity violated to achieve ‘political objective’: Ashrafi

ISLAMABAD: Prime Minister’s Special Representative for Interfaith Harmony and Middle East Hafiz Tahir Mehmood...

Published 02 May, 2022 05:46am

The Weather

KARACHI: The weather report on Sunday (May 01, 2022) and the forecast for Monday (May 02, 2022)....

Published 02 May, 2022 05:46am

1st May Labour Day: Fauji Fertilizer Company Limited

TEXT: FFC is the largest Urea Manufacturing Company of Pakistan with 51% market share holding a diverse investment...

Published 02 May, 2022 05:46am

Sugary drinks, cigarettes: FED hike proposal hailed

PESHAWAR: Prominent health professionals and other members of civil society attended a seminar on “Harm of...

Published 02 May, 2022 05:46am

SCO expert group discusses cooperation between museums

BEIJING: The members of an expert group held their second meeting, via videoconference, to discuss a draft ...

Published 02 May, 2022 05:46am

World Press Freedom Day tomorrow

ISLAMABAD: World Press Freedom Day will be marked on Tuesday (May 3) across the globe including Pakistan to inform...

Published 02 May, 2022 05:46am

Eid-ul-Fitr celebrations: LEAs finalise security plan

LAHORE: Punjab Inspector General of Police (IGP) Rao Sardar Ali Khan has said that the law enforcement agencies...

Published 02 May, 2022 05:46am

PTI supports ‘culture of abusive language’: Punjab CM

BAHAWALPUR: Punjab Chief Minister Hamza Shahbaz on Sunday said that Pakistan Tehreek-e-Insaf (PTI) has fascist ...

Published 02 May, 2022 05:46am

Bilawal to spend Eid holidays in Dubai

DUBAI: Foreign Minister and Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari has extended his stay in...

Published 02 May, 2022 05:46am

Sindh LG polls: ECP to start receiving nomination papers from June 8

ISLAMABAD: The nomination papers for the second phase of local government (LG) elections in Sindh will be submitted...

Published 02 May, 2022 05:46am

Cotton & Textile

Weekly review: cotton rates remain stable

KARACHI: The rates of cotton remained stable. Unprecedented increase was seen in the rate of New York Cotton. ...

Published 02 May, 2022 05:46am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (April 25 to 30,...

Published 02 May, 2022 05:46am

A weak govt?

The new Pakistan Muslim League-Nawaz (PML-N)-led government has taken charge on a weak footing. It is a coalition of...

Published 02 May, 2022 05:46am

Estranged federation

The federation of Pakistan faces an unprecedented estrangement and discontent from its people in different ...

Published 02 May, 2022 05:46am

From boom to glut: Canada’s housing plan could backfire on Trudeau

The Canadian government’s plan to ease runaway housing prices by rapidly ramping up the pace of home construction...

Published 02 May, 2022 05:46am

Economy: PTI govt versus PML-N govt

The latest data released by the State Bank of Pakistan (SBP) on the balance of payments showcases the significant...

Updated 02 May, 2022 06:14am

Reviving NAP

EDITORIAL: The National Action Plan (NAP) was adopted in the wake of December 2014 carnage at the Army Public School...

Published 02 May, 2022 05:46am

Revamping the seed sector

EDITORIAL: Experts and economists have long lamented, and rightly so, that one reason we turned from a country that...

Published 02 May, 2022 05:46am

Letters

A political cul-de-sac

Pakistan Tehrik-e-Insaf (PTI) chairman and former prime minister Imran Khan has urged the masses to march towards...

Published 02 May, 2022 05:46am

Commodities

Prices of essential items show a rising trend

PESHAWAR: A considerable increase in prices of important daily use items, including vegetables, live chicken/ meat,...

Published 02 May, 2022 05:46am

Stocks

Wall Street ends ugly April with more losses, Amazon shares dive

NEW YORK: Wall Street stocks concluded a bruising April on an ugly note Friday following disappointing results from...

Published 02 May, 2022 05:46am

Stocks

Wall Street Week Ahead: Rocky stock market faces Fed test with eyes on tightening plans

NEW YORK: A volatile stock market faces a critical test next week, when the US Federal Reserve is expected to raise...

Published 02 May, 2022 05:46am

Money & Banking

US yields rise as 10-year on pace for largest monthly gain since ‘09

NEW YORK: Yields of Treasuries rose slightly on Friday following data that showed monthly inflation surged by the...

Published 02 May, 2022 05:46am

Money & Banking

Eurozone bond yields set for first weekly drop in 4 weeks

LONDON: Euro zone bond yields retreated from earlier highs and were set for their first weekly drop in four weeks as...

Published 02 May, 2022 05:46am

Stocks

Tokyo stocks close higher on earnings, BoJ easing

TOKYO: Tokyo stocks closed higher on Thursday as investors cheered solid corporate earnings and the Bank of ...

Published 02 May, 2022 05:46am

Money & Banking

Banks lag bond yield surge as recession worries trump cheap

MILAN: Expectations of rising interest rates have failed to lift valuations of European bank shares languishing at...

Published 02 May, 2022 05:46am

Commodities

Indonesian palm oil: Envoy can help ensure resumption of supply?

ISLAMABAD: Pakistan needs to make a formal request to the Indonesian ambassador to resume supply of palm oil to...

Updated 02 May, 2022 05:03pm

Gas processing plants asked to maximise capacity

Updated 02 May, 2022 10:23am

‘Load-shedding has been reduced to zero’, claims ministry

ISLAMABAD: As per the promise of Prime Minister Shehbaz Sharif, power load-shedding in the country has been reduced...

Updated 02 May, 2022 10:40am

Recovery of dues from CPPA-G: Wapda seeks help of Power Division

ISLAMABAD: Water and Power Development Authority (WAPDA) has sought Power Division’s intervention for payment of...

Updated 02 May, 2022 10:41am

Tobacco, fertilizer, cement and petroleum products: FBR chief for implementation of track-and-trace system

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Asim Ahmad has directed the Project Director, (Track & Trace...

Updated 02 May, 2022 10:31am

April CPI inflation surges 13.4pc YoY

Inflation in ten months of the current fiscal year 2021-22 averaged 11.01 percent against 8.62 percent during the same period of last year

Updated 02 May, 2022 03:12pm

Joint statement issued: Pakistan, KSA to discuss extending term of $3bn loan

ISLAMABAD: Pakistan and Saudi Arabia on Sunday said they would discuss extending the terms of a $3 billion loan to...

Updated 02 May, 2022 10:21am

KP to celebrate Eid today

PESHAWAR: The provincial government of Khyber Pakhtunkhwa has announced to officially celebrate Eidul Fitr today...

Published 02 May, 2022 05:46am

Eid-ul-Fitr tomorrow

KARACHI: The Central Ruet-e-Hilal Committee on Sunday announced that the Shawwal moon has not been sighted, hence...

Published 02 May, 2022 05:46am

Rates

PSX remains under pressure

KARACHI: Pakistan Stock Exchange remained under pressure during the outgoing week ended on April 28, 2022 on ...

Published 02 May, 2022 05:46am

Rates

Futures spread up 1,484bps

KARACHI: The futures spread increased by 1484bps to 14.84 percent on the last day of the outgoing week. Trading...

Published 02 May, 2022 05:46am

Buffett details spending spree, takes jab at Wall Street

NEW YORK: The billionaire finance guru Warren Buffett, who complained recently that he did not know where to put his...

Updated 02 May, 2022 10:21am

Masjid-e-Nabwi incident: Another case registered against PTI chairman

ISLAMABAD: Another case has been registered on Sunday against Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan and...

Updated 02 May, 2022 10:22am

All Blue Capital in $773m bid for Zymeworks

NEW YORK: Investment firm All Blue Capital has approached Zymeworks Inc, a developer of antibody therapies for...

Updated 02 May, 2022 10:19am

Russia says could seize assets of ‘hostile’ countries

MOSCOW: Russia suggested Sunday that it could seize the Russian-based assets of countries it deems hostile in...

Updated 02 May, 2022 10:19am

Rates

PKR largely stable

KARACHI: The rupee remained largely stable during the week, ending with a 0.57% gain as the market considered...

Published 02 May, 2022 05:46am

Money & Banking

PHFC starts its operations

KARACHI: Pakistan Housing Finance Company Limited (PHFC), one of the first Islamic housing finance company has...

Published 02 May, 2022 05:46am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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