News Archives for Print - 2022-05-03

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Print - 2022-05-03

Germany pledges 10bn euros for cooperation with India

BERLIN: German Chancellor Olaf Scholz pledged 10 billion euros ($10.51 billion) to help India achieve its climate...

Published 03 May, 2022 03:47am

Irsa has failed to implement water accord of 1991: Sindh minister

KARACHI: Sindh Minister for Irrigation, Jam Khan Shoro Monday said that Indus River System Authority is violating ...

Published 03 May, 2022 03:47am

Seven burnt to death in Nawabshah car accident

NAWABSHAH: A total of seven people of same family including three children burnt to death when a car went out of...

Published 03 May, 2022 03:47am

UK publication describes ILMA University as ‘best’ varsity in Sindh

KARACHI: The ILMA University was ranked as the number one university in Sindh and the Third Best Private Sector...

Published 03 May, 2022 03:47am

DG Health inspects status of electricity supply to CMHC

LARKANA: After media reports of prolonged electricity outages and dysfunction of all diesel generators of Chandka...

Published 03 May, 2022 03:47am

World Press Freedom Day today: PFUJ decries PTI govt’s anti-media attitude

QUETTA: On the eve of the World Press Freedom day Pakistan Federal Union of Journalists (PFUJ) has expressed its...

Published 03 May, 2022 03:47am

Sinister campaign launched to malign political system, says Asif

ISLAMABAD: Defence Minister Khawaja Muhammad Asif on Monday asked the national institutions to play role for...

Published 03 May, 2022 03:47am

Buledi highlights importance of a vibrant media’s role

QUETTA: Parliamentary Secretary for Law and Parliamentary Affairs Dr Rubaba Khan Buledi on Monday said that more ...

Published 03 May, 2022 03:47am

Oath-taking: LHC DB admits PML-Q MPAs’ plea for hearing

LAHORE: A division bench of the Lahore High Court (LHC) admitted an appeal of PML-Q MPAs for hearing against a ...

Published 03 May, 2022 03:47am

Eid greetings: PM speaks to ruler of Bahrain

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif held a telephone call on Monday with His Majesty King Hamad bin ...

Published 03 May, 2022 03:47am

FIO’s office received 3,107 complaints in 2020: Dr Jameel

LAHORE: The office of Federal Insurance Ombudsman (FIO) received 3,107 complaints from policyholders in 2020 against...

Published 03 May, 2022 03:47am

USA

US Treasury’s Adeyemo urges states, local govts to use Covid aid for housing

WASHINGTON: Deputy US Treasury Secretary Wally Adeyemo on Monday called on state, local and tribal governments to ...

Published 03 May, 2022 03:47am

USA

US Black farmers lost $326bn worth of land in 20th century: study

WASHINGTON: Black farmers in the United States lost roughly $326 billion worth of acreage during the 20th century,...

Published 03 May, 2022 03:47am

USA

Trump floated shooting protesters in legs: ex-defence secretary

WASHINGTON: Donald Trump vented fury at protesters outside the White House in 2020, saying “Can’t you just shoot...

Published 03 May, 2022 03:47am

Europe

EU says using Russian roubles payment scheme would breach sanctions

BRUSSELS: Using Moscow’s proposed scheme for foreign companies to pay for gas by enabling Russia to convert their...

Published 03 May, 2022 03:47am

Workshop on ‘Tax Reforms for Inclusive & Sustainable Growth’ held in Karachi

LAHORE: The Consortium for Development Policy Research (CDPR) in collaboration with the British High Commission’s...

Published 03 May, 2022 03:47am

Health experts warn of Eid overeating

LAHORE: Health professionals have warned the faithful not to resort to overeating on Eid-ul-Fitr after observing...

Published 03 May, 2022 03:47am

Tunisia announces ‘national dialogue’, without opposition

TUNIS: Tunisian President Kais Saied has announced the launch of “national dialogue” to help resolve a political...

Published 03 May, 2022 03:47am

Swiss parliament gets climate lecture after father’s hunger strike

BERN: Climate scientists took turns to deliver speeches on the perils of global warming to the Swiss parliament on...

Published 03 May, 2022 03:47am

Saudis feel ‘let down’ by US over Houthi threats: senior royal

DUBAI: Saudi Arabia feels “let down” by the United States in tackling security threats to the kingdom and wider...

Published 03 May, 2022 03:47am

Iran summons Swedish envoy over ex-official’s trial

TEHRAN: Iran said it had summoned Sweden’s ambassador following a request by prosecutors in the Nordic country for...

Published 03 May, 2022 03:47am

Japan PM agrees defence deal with Thailand

BANGKOK: The leaders of Japan and Thailand announced a new defence agreement on Monday as well as plans to upgrade...

Published 03 May, 2022 03:47am

USA

US Supreme Court backs Christian group in Boston flag flap

NEW YORK: Boston violated the free speech rights of a Christian group by refusing to fly a flag bearing the image of...

Published 03 May, 2022 03:47am

Google makes tech training free to every US business

OAKLAND, Calif: Alphabet Inc’s Google will provide any US business over $100,000 worth of online courses in data...

Published 03 May, 2022 03:47am

US Capitol riot panel requests information

WASHINGTON: The US House of Representatives committee investigating the Jan. 6, 2021, Capitol attack by Donald...

Published 03 May, 2022 03:47am

Israel says Iran tried to recruit agents via Facebook

OCCUPIED JERUSALEM: Israel’s internal security agency on Monday accused Iran of using a fake Facebook profile to...

Published 03 May, 2022 03:47am

Tanker strike worsens fuel woes in crisis-hit Sri Lanka

COLOMBO: A strike by owners of fuel tankers over the weekend renewed Sri Lanka’s long queues for diesel and petrol...

Published 03 May, 2022 03:47am

The Weather

KARACHI: The weather report on Monday (May 02, 2022) and the forecast for Tuesday (May 03, 2022)...

Published 03 May, 2022 03:47am

Fawad: IHC restrains official from taking coercive measures

ISLAMABAD: The Islamabad High Court directed Secretary Ministry of Interior and others to ensure that neither any...

Published 03 May, 2022 03:47am

Eid-ul-Fitr celebrated in many parts of KP

PESHAWAR: After announcement about sighting of moon on Sunday night by a local Ruet-e-Hilal Committee, Eidul Fitr ...

Published 03 May, 2022 03:47am

PTI constitutes 11-member coordination committee for Punjab

LAHORE: For ‘Ghulami Na Manzoor’ March to Islamabad, the Pakistan Tehreek-e-Insaf (PTI) has constituted an...

Published 03 May, 2022 03:47am

Elahi, Moonis condemn registration of FIRs against Imran, others

LAHORE: Punjab Assembly Speaker Chaudhry Parvez Elahi and former Federal Minister Moonis Elahi have slammed...

Published 03 May, 2022 03:47am

Security arrangements finalised to guard nearly 5,000 mosques

LAHORE: All security arrangements have been made by the police department to guard 4,893 mosques and 187 open spaces...

Published 03 May, 2022 03:47am

Sohail made DG PR

LAHORE: The Punjab Government has promoted Deputy Director Directorate General Public Relations, Muhammad Sohail ...

Published 03 May, 2022 03:47am

Met Office issues flash flood alert

PESHAWAR: In view of rising temperatures in Khyber Pakhtunkhwa, the Pakistan Meteorological Department issued a ...

Published 03 May, 2022 03:47am

Details of Farah’s assets, bank accounts: NAB to write letters to departments

LAHORE: The National Accountability Bureau (NAB), Lahore on Monday decided to write letters to the concerned...

Published 03 May, 2022 03:47am

PKLI: PM for bringing in facilities in accordance with global standards

LAHORE: Expressing dissatisfaction over provision of facilities being extended at the Pakistan Kidney and Liver...

Published 03 May, 2022 03:47am

PM greets nation on Eid-ul-Fitr

ISLAMABAD: Prime Minister Shehbaz Sharif while extending greetings to the nation on Eid-ul-Fitr, urged the ...

Published 03 May, 2022 03:47am

President speaks about significance of Eid-ul-Fitr

ISLAMABAD: President Dr Arif Alvi while greeting the countrymen on Eid-ul-Fitr, said that besides being a day of...

Published 03 May, 2022 03:47am

UAE, Pakistan resolve to deepen economic ties

ISLAMABAD: Pakistan and the United Arab Emirates have resolved to further strengthen trade and economic relations by...

Published 03 May, 2022 03:47am

IK accused of receiving funds from abroad to ‘create chaos’ in country

LARKANA: President, Pakistan Peoples Party, Sindh, and Senator-elect Nisar Ahmed Khuhro on Monday accused Imran ...

Published 03 May, 2022 03:47am

Temperature surges to record high in Sindh

KARACHI: Temperature has surged to a record high in Sindh during the current season, as intense heatwave scorched...

Published 03 May, 2022 03:47am

Palestinians warn against plans to weaken their UN agency

A proposal by the UN agency for Palestinian refugees to delegate some services to other United Nations agencies has...

Published 03 May, 2022 03:47am

In US, death threats for those removing Confederate statues

Since his contracting company began removing Confederate statues from Richmond, Virginia — controversial symbols ...

Published 03 May, 2022 03:47am

Iran nuclear deal near death, but West not ready to pull plug

Western officials have largely lost hope the Iran nuclear deal can be resurrected, sources familiar with the matter...

Published 03 May, 2022 03:47am

DIRBS: Initiative bearing fruit

With network coverage growing stronger and myriad options of mobile phones available in the market, the uptake of...

Published 03 May, 2022 03:47am

Letters

Bilawal the new foreign minister

The country’s new foreign minister is the son of Asif Ali Zardari and the late Benazir Bhutto. Insofar as politics...

Published 03 May, 2022 03:47am

Commodities

Copper, iron ore yet to reflect China’s weakening industrial outlook

LAUNCESTON: The slump in China’s main manufacturing sentiment index has yet to be fully reflected in prices for ...

Published 03 May, 2022 03:47am

Energy

Oil turns positive on supply concerns, economic data

NEW YORK: Oil prices reversed course to trade in positive territory on Monday on fears supply might be crimped by a...

Published 03 May, 2022 03:47am

Commodities

Crop Watch: Slow planting for all locations may continue this week

NAPERVILLE: All 11 US Crop Watch farmers report that corn and soyabean planting progress was slower than normal last...

Published 03 May, 2022 03:47am

Energy

EU set to ban Russian oil, ministers hold crisis talks on gas

BRUSSELS: The European Union was preparing a ban on Russian oil, with possible exemptions for wary countries, as EU...

Published 03 May, 2022 03:47am

Commodities

EU wheat down as on improved US weather, rapeseed tumbles

PARIS: European wheat fell on Monday as traders were reassured by welcome rainfall in the United States, while...

Published 03 May, 2022 03:47am

Commodities

Gold slips toward 2-1/2-month lows

AMSTERDAM: Gold prices slipped 1% toward 2-1/2-month lows on Monday as investors braced for a large interest rate...

Published 03 May, 2022 03:47am

Commodities

Rubber: Japan futures climb

TOKYO: Japanese rubber futures climbed on Monday as investors looked for bargains ahead of three-day holidays, but...

Published 03 May, 2022 03:47am

Commodities

US MIDDAY: Gold prices slide

NEW YORK: Gold prices fell more than 2% to a near three-month low on Monday as increased prospects of faster rate...

Published 03 May, 2022 03:47am

Commodities

‘Wheat flour on subsidised rates is people’s right’: CM

LAHORE: Chief Minister Punjab Muhammad Hamza Shehbaz Sharif has said that getting flour on subsidized rates is the...

Published 03 May, 2022 03:47am

Stocks

Indian shares end lower

BENGALURU: Indian shares kicked off May on a tepid note, weighed down by losses in automobile and IT stocks, as...

Published 03 May, 2022 03:47am

Stocks

Tokyo stocks end down after choppy trade

TOKYO: Tokyo stocks ended a choppy trading session lower on Monday ahead of three consecutive public holidays, as...

Published 03 May, 2022 03:47am

Stocks

European stocks mark bleak start to May, hit by brief crash

LONDON: European stocks closed lower on Monday, in a session that marked sharp losses after a sudden brief crash,...

Published 03 May, 2022 03:47am

Stocks

Wall Street inches higher as growth stocks rebound

NEW YORK: US stocks edged higher on Monday as growth stocks rebounded after April’s rout, with investor focus...

Published 03 May, 2022 03:47am

Stocks

Australia shares slip

SYDNEY: Australian shares ended lower on Monday ahead of the country’s central bank policy meeting, with investors...

Published 03 May, 2022 03:47am

Stocks

Toronto index falls as commodity-linked stocks weigh

TORONTO: Canada’s main stock index fell on Monday, as a slide in commodity prices weighed on energy and mining...

Published 03 May, 2022 03:47am

Commodities

After five record crops, heat wave threatens India’s wheat output, export plans

NEW DELHI: India’s wheat output looks likely to fall in 2022 after five consecutive years of record harvests, as a...

Published 03 May, 2022 03:47am

Energy

In shift, Germany says it could back immediate EU ban on Russian oil

KYIV: Germany said on Monday it was prepared to back an immediate European Union embargo on Russian oil, a major...

Published 03 May, 2022 03:47am

Energy

Japan’s ENEOS withdraws from Myanmar gas project

TOKYO: Japanese energy conglomerate ENEOS Holdings said Monday it will withdraw from a gas project in coup-hit...

Published 03 May, 2022 03:47am

Stocks

India’s biggest IPO gets strong demand from anchor investors

MUMBAI: The IPO of India’s biggest insurer, Life Insurance Corporation (LIC), has got off to a good start, with ...

Published 03 May, 2022 03:47am

SBP: Dr Murtaza to assume charge of acting governor?

Dr Reza Baqir assumed his responsibilities on May 5, 2019 and his three-year tenure is being completed on May 4, 2022

Updated 03 May, 2022 03:04pm

UAE team due today: PM highlights criticality of FDI

LAHORE: Prime Minister Shehbaz Sharif said on Monday that for uplift of country’s economy it was highly important...

Updated 03 May, 2022 03:04pm

Targeted subsidy for motorcyclists under consideration: Price differential claims on petrol, HSD increase substantially

ISLAMABAD: A proposal is under consideration of the Petroleum Division and Benazir Income Support Programme for...

Updated 03 May, 2022 09:07am

Gas supply issues: Base tariff of KE increases to Rs31/kWh

ISLAMABAD: The base tariff of Karachi Electric (KE) has soared to Rs 31/kWh due to less supply of gas and pressure...

Updated 04 May, 2022 10:27am

Futures exchange: SECP revises terms for applicants

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has revised the financial resource requirements...

Updated 03 May, 2022 09:09am

Company ‘involved’ in under-invoicing: PML-N govt to investigate ex-FBR chief?

ISLAMABAD: The PML-N government has reportedly decided to probe former chairman FBR, Dr Ashfaq Ahmad for extending...

Updated 03 May, 2022 09:12am

Business leaders put their weight behind armed forces

ISLAMABAD: Leading businessmen of Pakistan have said that the entire nation and the business community standing by...

Updated 03 May, 2022 09:13am

‘Shell corporations’ in Dubai: FTO study unearths incidence of under-invoicing

ISLAMABAD: Federal Tax Ombudsman (FTO) has told the Federal Board of Revenue (FBR) that importers have established...

Updated 03 May, 2022 09:15am

OPEC oil output in April barely rises as African outages weigh: survey

LONDON: The increase in OPEC’s oil output in April undershot the rise planned under a deal with allies, a Reuters...

Updated 03 May, 2022 09:15am

‘US-backed conspiracy’: Imran demands CJP constitute commission

ISLAMABAD: Former prime minister (PM) and chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Monday while repeating...

Updated 03 May, 2022 09:17am

Eid-ul-Fitr today

LAHORE: Eid-ul-Fitr marking the culmination of the holy month of Ramazan is being celebrated across Pakistan on...

Updated 03 May, 2022 09:18am

Israel demands apology after Russia says Hitler had Jewish roots

OCCUPIED JERUSALEM: Israel lambasted Russian Foreign Minister Sergei Lavrov on Monday for claiming that Adolf Hitler...

Published 03 May, 2022 03:47am

Industry

Trade with Afghanistan: PAJCCI lauds waiver of EIF, E-Form till June 30

KARACHI: Keeping recent concerns of business communities across border as communicated to Pakistan-Afghanistan Joint...

Published 03 May, 2022 03:47am

Justice served

EDITORIAL: All involved in the lynching of Priyantha Kumara Diyawadana, the Sri Lankan manager of a Sialkot factory,...

Published 03 May, 2022 03:47am

Endless conflict

EDITORIAL: It is a constant struggle with its ebbs and flows of violence between the Palestinian people and Israeli...

Published 03 May, 2022 03:47am

Taxes

24 officers of Inland Revenue Service transferred, posted

ISLAMABAD: The Federal Board of Revenue (FBR) has transferred and posted 24 senior officers of Inland Revenue ...

Published 03 May, 2022 03:47am

Companies

Qantas to launch longest non-stop passenger flight

SYDNEY: Qantas announced on Monday it will launch the world’s longest non-stop commercial flight, with passengers...

Published 03 May, 2022 03:47am

Companies

Amazon to reimburse US employees who travel for abortions, other treatments

WASHINGTON: Amazon.com Inc, the second-largest US private employer, told its staff on Monday it will pay up to ...

Published 03 May, 2022 03:47am

Industry

KPRA says operating ‘Restaurant Invoice Monitoring System’ successfully

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) is successfully operating Restaurant Invoice Monitoring...

Published 03 May, 2022 03:47am

Industry

Pakistani olive oil farmers eyeing Chinese cooperation

BEIJING: China’s demand for Pakistani olive oil is high and as long as Pakistan has market demand or export ...

Published 03 May, 2022 03:47am

Money & Banking

US yields post steep gains

NEW YORK: US Treasury yields rose sharply on Monday, with those on long-dated debt hitting multi-year highs, as...

Published 03 May, 2022 03:47am

Money & Banking

Canadian dollar hits 4-month low

TORONTO: The Canadian dollar weakened to its lowest level in more than four months against its US counterpart on...

Published 03 May, 2022 03:47am

Money & Banking

Australia, NZ dollars skid

SYDNEY: The Australian and New Zealand dollars were deep under water on Monday as a selloff on Wall Street ...

Published 03 May, 2022 03:47am

Money & Banking

Dollar approaches 20-year highs, Fed meeting in focus

NEW YORK: The dollar held just below a 20-year high against a basket of currencies on Monday before an expected...

Published 03 May, 2022 03:47am

Companies

US FDA declines to approve Hutchmed’s China-tested cancer drug

WASHINGTON: Drugmaker Hutchmed Ltd said on Monday the US Food and Drug Administration has declined to approve its...

Published 03 May, 2022 03:47am

Companies

Deliveroo suspends pay cut for UAE delivery riders after rare worker strike

DUBAI: Deliveroo has suspended plans that would cut rider earnings in the United Arab Emirates after a rare strike ...

Published 03 May, 2022 03:47am

Industry

US manufacturing sector slows further; factory workers quitting

WASHINGTON: US factory activity grew at its slowest pace in nearly two years in April amid a rise in workers ...

Published 03 May, 2022 03:47am

Money & Banking

Sri Lanka extends credit line with India as China voices support

COLOMBO: Sri Lanka has extended a credit line with India by $200 million in order to procure emergency fuel stocks,...

Published 03 May, 2022 03:47am

AAJ PROGRAM SCHEDULE

Tuesday, May 03, 2022 TIMING PROGRAM TITLE 06:00 TAX AUR AAP 06:25 HEADLINE NEWS 06:30 TAX AUR AAP 06:55 ...

Published 03 May, 2022 03:47am

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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