News Archives for Print - 2022-05-29

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Print - 2022-05-29

Companies

PIA reports revenue shortfall for 2021

KARACHI: The Pakistan International Airlines (PIA) has reported a revenue shortfall for 2021 as compared to 2020,...

Published 29 May, 2022 06:48am

Industry

Goods transporters increase fares by 30pc in Sindh

KARACHI: Following the massive hike in petroleum prices, the Goods Transporters Association Sindh has increased ...

Published 29 May, 2022 06:48am

Court issues notice to NAB in reference against Hafeez Sheikh

KARACHI: Accountability Court Karachi on Saturday issued notice to the NAB prosecutor in a graft reference against...

Published 29 May, 2022 06:48am

Balochistan govt launches ‘Kissan Cards’ for sustainable food production

QUETTA: The Balochistan government has formally launched ‘Kissan Cards’ to provide maximum relief to the farmers...

Updated 29 May, 2022 09:44am

Pak/UK Season Perspective programme: British Council hosts art expo for schoolchildren

KARACHI: As part of Commonwealth Connections (CWC), the “Pakistan/UK Season 2022 Perspective” programme is a...

Updated 29 May, 2022 09:41am

Industry

Investment of $25m in PKR: IFC to invest in fashion retailer to create jobs, promote gender equality

KARACHI: The International Finance Corporation (IFC) is investing in Pakistan’s top fashion retailer to create...

Published 29 May, 2022 06:48am

Industry

SECP amends Modaraba Regulations 2021

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has allowed the modaraba...

Published 29 May, 2022 06:48am

Grains

US wheat rises as traders cover shorts ahead of holiday

CHICAGO: US wheat futures rose on Friday on a short-covering bounce as investors unwound bearish bets ahead of a...

Published 29 May, 2022 06:48am

Commodities

Malaysian palm oil drops on uncertainty

KUALA LUMPUR: Malaysian palm oil futures fell on Friday due to uncertainty over exports from top producer Indonesia,...

Published 29 May, 2022 06:48am

Energy

US natgas futures drop as output rises, demand slips

NEW YORK: US natural gas futures fell about 5% to a one-week low on Friday on rising output and forecasts for less...

Published 29 May, 2022 06:48am

Commodities

Raw sugar steadies

LONDON: Raw sugar on ICE steadied on Friday but remained vulnerable to losses after hitting two-week lows in the...

Published 29 May, 2022 06:48am

Youm-e-Takbir: Pakistan reiterates SRR proposal

Foreign Office says tests demonstrated Pakistan's desire to preserve strategic balance in South Asia

Updated 29 May, 2022 09:12am

PM underlines need for unity to attain economic sovereignty

Premier says the country would have to move ahead with the same spirit as manifested on Youm-e-Takbir to attain self-dependence

Updated 29 May, 2022 09:15am

FO submits report on Dr Aafia to IHC

Report states Siddiqui has access to a telephone and complete freedom to communicate with her family members

Updated 29 May, 2022 09:18am

Money laundering case: Indictment of PM Shehbaz, son delayed till June 4

LAHORE: A special court (Central) on Saturday delayed the indictment of Prime Minister Shehbaz Sharif and his son...

Published 29 May, 2022 06:32am

Provoking people against govt: IHC grants protective bail to Fawad, brother

ISLAMABAD: The Islamabad High Court (IHC) granted protective bail to PTI leader and former information minister ...

Published 29 May, 2022 06:32am

Commandant of FC calls on interior minister

ISLAMABAD: Commandant Frontier Constabulary (FC) Salahuddin Mehsud called on Minister for Interior Minister Rana ...

Published 29 May, 2022 06:32am

PBC condemns police action against lawyers

ISLAMABAD: The Pakistan Bar Council (PBC) has strongly condemned the police brutality against lawyers of Lahore on...

Published 29 May, 2022 06:32am

CM Murad asks for early completion of healthcare schemes

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has directed the Works and Services Department to expedite work on...

Published 29 May, 2022 06:32am

Energy

Increase in petroleum product prices to hit economy hard: analyst

KARACHI: With the removal of fuel price cap and subsidy by government on petroleum by raising its price by Rs 30 per...

Published 29 May, 2022 06:32am

Govt cannot be ‘threatened’: Elections will be held in Aug 2023: Marriyum

ISLAMABAD: The Minister for Information and Broadcasting, Marriyum Aurangzeb Saturday announced that elections will...

Published 29 May, 2022 05:50am

Seminar held at PIIA: Future of Indian Muslims bleak, far from satisfactory: speakers

KARACHI: “The future of Indian Muslims seems to be bleak and far from the right course as the Hindu extremists are...

Published 29 May, 2022 05:50am

Youm-e-Takbir marked with zeal, fervour

LAHORE: With the theme: ‘Na Jhukay thay Na Jhuken gay’, Youm-e-Takbir, commemorating historic nuclear tests at...

Published 29 May, 2022 05:50am

LHC sets aside notifications for delimitations for LB polls

LAHORE: The Lahore High Court has set aside the notifications issued for delimitations made by the delimitation...

Published 29 May, 2022 05:50am

Monkeypox threat: Punjab govt set to provide training to hospital staff

LAHORE: The Punjab government is all set to impart training to the hospital staff in the public sector amid growing...

Published 29 May, 2022 05:50am

Hamza approves ban on holding rallies in Greater Iqbal Park

LAHORE: Punjab Chief Minister Hamza Shehbaz has approved a ban on holding rallies in the Greater Iqbal Park and said...

Published 29 May, 2022 05:50am

Three killed over coal mine dispute in Kohat

PESHAWAR: Three persons were killed and three got injured over a coal mine dispute at Posti Khel Dara Adam Khel area...

Published 29 May, 2022 05:50am

Punjab to receive spells of light rainfall from June: PMD

LAHORE: Central Punjab would receive almost continuous spells of light rainfall from the mid of June till...

Published 29 May, 2022 05:50am

Illegal punishment to Yasin Malik: Punjab ex-governor assures Mushaal of approaching international court

LAHORE: Slamming life imprisonment to Kashmiri leader Yasin Malik in a false case, former Governor Punjab Chaudhry...

Published 29 May, 2022 05:50am

Europe

Fire engulfs superyacht in British marina

LONDON: Fire ripped through a superyacht in southwest England on Saturday, sending thick plumes of black smoke into...

Published 29 May, 2022 05:50am

Russian ex-president Medvedev calls for tougher ‘foreign agent’ law

MOSCOW: Former president Dmitry Medvedev on Saturday called for Russia to toughen its laws on “foreign agents”...

Published 29 May, 2022 05:50am

Middle East

Iran says crew of two seized Greek tankers not detained and on board

DUBAI: Iran’s state maritime body said on Saturday the crew of two Greek tankers seized by Revolutionary Guards on...

Published 29 May, 2022 05:50am

Europe

Ukraine receives Harpoon missiles and howitzers, says defence minister

KYIV: Ukraine has started receiving Harpoon anti-ship missiles from Denmark and self-propelled howitzers from the...

Published 29 May, 2022 05:50am

Disease experts call on WHO, governments for more action on monkeypox

GENEVA: Some prominent infectious disease experts are pushing for faster action from global health authorities to...

Published 29 May, 2022 05:50am

Europe

Spain adding missiles, troops to NATO Latvia mission

MADRID: Spain is sending a battery of surface-to-air missiles and around 100 troops to the NATO forward presence...

Published 29 May, 2022 05:50am

Europe

Moscow-led Ukrainian Orthodox Church breaks ties with Russia

KYIV: A branch of Ukraine’s Orthodox Church that remained loyal to Moscow after a 2019 schism has said it will...

Published 29 May, 2022 05:50am

Chelsea reach final agreement for sale of club to Boehly-led consortium

LONDON: Chelsea said on Saturday that a final agreement had been struck to sell the Premier League club to a...

Published 29 May, 2022 05:50am

Cardinal Angelo Sodano dies at 94

VATICAN CITY: Cardinal Angelo Sodano, a controversial Vatican power broker for more than a quarter of a century who...

Published 29 May, 2022 05:50am

Russia steps up battle for eastern Ukraine

KRAMATORSK, (Ukraine): Russia pressed its onslaught on eastern Ukraine Saturday, saying it had captured the ...

Published 29 May, 2022 05:50am

Africa

More than a dozen civilians killed in DR Congo massacre

BENI, (DR Congo): More than 12 civilians were killed by members of a notorious rebel group in eastern Democratic...

Published 29 May, 2022 05:50am

Middle East

Building collapse: Iranian police fire shots, teargas to disperse protesters

DUBAI: Iranian police used tear gas and fired shots in the air to disperse another night of protests over a deadly...

Published 29 May, 2022 05:50am

Africa

Rwanda says troops kidnapped as feud with DR Congo widens

KIGALI: Rwanda on Saturday said two of its soldiers were being held captive by rebels in the Democratic Republic of...

Published 29 May, 2022 05:50am

Middle East

Iran unveils underground drone base

TEHRAN: Iranian state television on Saturday broadcast footage of an air force base for drones under the Zagros...

Published 29 May, 2022 05:50am

The Weather

KARACHI: The weather report on Saturday (May 21, 2022) and the forecast for Sunday (May 22, 2022)....

Published 29 May, 2022 05:50am

PM ready to sign ‘charter of economy’: finance minister

KARACHI: Dr Miftah Ismail, Finance Minister, and Shaukat Tarin, former Finance Minister are agreed on forming a...

Updated 29 May, 2022 11:01am

Potential sectors evading taxes: Finance Bill may introduce ‘windfall levy’

FBR will collect 'Windfall Levy' from sectors earning extraordinary profits during the last few years

Updated 29 May, 2022 04:52pm

PDCs: ECC approves Rs62.27bn for energy ministry

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs62.27 billion for the Ministry of...

Updated 29 May, 2022 08:43am

Pakistan-India water talks tomorrow

ISLAMABAD: Delegations of Pakistan and India will meet in New Delhi on May 30 to hold talks over water disputes...

Updated 29 May, 2022 08:44am

Sri Lanka gets Russian oil to ease shortages

COLOMBO: Cash-strapped Sri Lanka took delivery Saturday of Russian oil — which could soon be subject to a European...

Published 29 May, 2022 05:50am

SC slots: Justice Isa for following principle of seniority

ISLAMABAD: Chief Justice for Pakistan Umar Ata Bandial was asked to elevate the High Court chief justices for ...

Updated 29 May, 2022 09:07am

Collection of taxes, duties: IR field offices to observe extended work hours on Monday, Tuesday

ISLAMABAD: The Federal Board of Revenue (FBR) Saturday issued instructions to all Inland Revenue field offices to...

Updated 29 May, 2022 09:08am

UN report highlights again threat to Pakistan posed by Afghan-based TTP terrorists

UNITED NATIONS: A new United Nations report has once again highlighted the threat posed to Pakistan by the...

Updated 29 May, 2022 09:08am

NAB chairman’s slot: Former SC judge termed strong contender

ISLAMABAD: Justice Maqbool Baqar – an ex-judge of the Supreme Court – has emerged as the favourite candidate for...

Updated 29 May, 2022 09:09am

Imran says will move court over ‘violence’ against party workers

PESHAWAR: Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Saturday said that he will never accept what he dubbed...

Updated 29 May, 2022 09:10am

Samoa signs China agreement amid South Pacific push

APIA, (Samoa): Samoa signed a bilateral agreement with China on Saturday, promising “greater collaboration” as...

Published 29 May, 2022 05:50am

26 people missing after ferry sinks in Indonesia

JAKARTA: Twenty-six people were missing Saturday after a ferry ran out of fuel and sank in bad weather off the coast...

Published 29 May, 2022 05:50am

Indian troops martyr two youth in IIOJK

OCCUPIED SRINAGAR: In Indian illegally occupied Jammu and Kashmir, Indian troops in their fresh act of state...

Published 29 May, 2022 05:50am

Over 30 die in stampede at Nigeria church event

ABUJA: More than 30 people were killed on Saturday in a stampede in southern Nigeria during an overcrowded church...

Published 29 May, 2022 05:50am

Perennial hostage: the electorate

Democracy, conceptually challenges, basic human intelligence and wisdom. The power of majority can alter facts....

Published 29 May, 2022 05:50am

HSBC clients query bank on climate, one to review engagement

HSBC is facing queries from customers about its commitment to fight climate change after a senior banker downplayed...

Published 29 May, 2022 05:50am

India seen facing wider coal shortages, worsening power outage risks

India is expected to face a wider coal shortage during the quarter ending September over expectations of higher ...

Published 29 May, 2022 05:50am

Letters

May 25 2022

May 25 2022 will always be marked as a highly important day in the history of this country. It was on this day that...

Published 29 May, 2022 05:50am

Around 22.8m kids are out of school in Pakistan: WB

ISLAMABAD: Around 22.8 million children between the ages of five and 16 in Pakistan – 44 percent of the total...

Published 29 May, 2022 05:50am

KP govt gives financial assistance to 273 from minorities

PESHAWAR: Special Assistant to CM on Minority Affairs, Khyber Pakhtun-khwa, Wazir Zada here Saturday handed over...

Published 29 May, 2022 05:50am

Alvi urges freelancers to hone up skills

ISLAMABAD: President Dr Arif Alvi has said that the global information and technology business embodied huge...

Published 29 May, 2022 05:50am

Energy

Liquidity crunch: KE seeks urgent payment of Rs25bn from TDS receivables

ISLAMABAD: The cash strapped K-Electric (KE) has sought payment of Rs 25 billion urgently out of its Tariff...

Published 29 May, 2022 05:50am

Commodities

Gold prices plunge sharply

KARACHI: Gold prices on Saturday recorded a slump in the local market, traders said. The precious metal was traded...

Published 29 May, 2022 05:50am

‘Job creation the only way to stabilise economy’

KARACHI: Pasban Democratic Party (PDP) chairman Altaf Shakoor has said that job creation is the only way to ...

Published 29 May, 2022 05:50am

Car-lifting, snatching on the rise in ICT

ISLAMABAD: The metropolis is facing an increase in the number of car-lifting, snatching incidents as 37 people have...

Published 29 May, 2022 05:50am

Secretary seeks ways to reorganise planning ministry

ISLAMABAD: Secretary of the Ministry for Planning, Development and Special Initiatives Syed Zafar Ali Shah on...

Published 29 May, 2022 05:50am

Commodities

Tokyo rubber futures climb

SINGAPORE: Japanese rubber futures rose on Friday to a two-week high, as a stronger Tokyo stock market and easing of...

Published 29 May, 2022 05:50am

Grains

EU wheat higher with Chicago before US holiday

PARIS: Euronext wheat rose on Friday to extend a rebound from a two-week low, supported by a rally in Chicago as...

Published 29 May, 2022 05:50am

Commodities

Indonesia to allocate about 1m tonnes of palm oil for export

JAKARTA: Indonesia will allocate about 1 million tonnes of palm oil for export, prioritising companies that have ...

Published 29 May, 2022 05:50am

Cotton & Textile

Spot rate gains more Rs1000 amid lean business

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

Published 29 May, 2022 05:50am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 28, 2022)....

Published 29 May, 2022 05:50am

Commodities

Prices of essential kitchen items witness increasing trend

ISLAMABAD: Following an increase in petrol and high-speed diesel prices, the prices of essential kitchen items...

Published 29 May, 2022 05:50am

Cannes set to pick Palme d’Or from ‘wildly divisive’ entries

CANNES, (France): The 75th edition of the Cannes Film Festival draws to a close on Saturday with one of the tightest...

Published 29 May, 2022 05:50am

AAJ PROGRAM SCHEDULE

Sunday, May 29, 2022 TIMING PROGRAM TITLE 06:00 TARGET 06:25 HEADLINE NEWS 06:30 TARGET 06:55 HEADLINE NEWS 07:00...

Published 29 May, 2022 05:50am

Rates

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (May 21,...

Published 29 May, 2022 05:50am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 21, 2022)...

Published 29 May, 2022 05:50am

MoF lists macroeconomic imbalances: Higher growth may not be sustainable

Ministry of Finance says primary contributors to increasing inflation are surge in international commodity prices and massive exchange rate depreciation

Updated 29 May, 2022 04:06pm

IMF staff-level agreement: Miftah expects it in June, explains its criticality

ISLAMABAD: Finance Minister Miftah Ismail has stated that a staff-level agreement with the International Monetary...

Updated 29 May, 2022 11:01am

Systemic discrimination

EDITORIAL: The National Commission for Human Rights (NCHR) has unveiled its fact-finding report on “Unequal...

Published 29 May, 2022 05:50am

Talks with TTP

EDITORIAL: In what looked like a case of one step forward and two steps back, talks between Pakistan and the ...

Published 29 May, 2022 05:50am

Industry

Insurance distribution, payments systems: SECP event discusses technology-enabled solutions

ISLAMABAD: The Securities & Exchange Commission of Pakistan (SECP) organized a roundtable on the role of...

Published 29 May, 2022 05:50am

Industry

3P Plas Print Pack Pakistan Exhibition begins at Lahore Expo

LAHORE: FAKT Exhibitions, Pakistan’s leading exhibitions organising company is all set to organise 16th edition of...

Published 29 May, 2022 05:50am

Money & Banking

Collection of govt receipts, duties, taxes: Certain branches to observe extended hours on 30th, 31st: SBP

KARACHI: The State Bank of Pakistan (SBP) has announced opening of concerned branches for collection of government...

Published 29 May, 2022 05:50am

Taxes

FBR directs 18 PCS, IRS officers to declare assets

ISLAMABAD: The Federal Board of Revenue (FBR) has directed around 18 senior officers of grades BS-19-20 of Pakistan...

Published 29 May, 2022 05:50am

Companies

EBM wins top awards

KARACHI: Pakistan’s leading FMCG Company, English Biscuit Manufacturers (Pvt) Ltd (EBM), has been honoured by the...

Published 29 May, 2022 05:50am

Companies

Over 28 Pakistani companies win GDEIB awards in various categories

ISLAMABAD: Over 28 Pakistani organisations and companies won the Global Diversity, Equity and Inclusion Benchmarks...

Published 29 May, 2022 05:50am

Industry

OMEGA: Revealing the true character of inspiring women

KARACHI: Captured in a new series of black and white portraits and videos, the Swiss watchmaker OMEGA is revealing...

Published 29 May, 2022 05:50am

Industry

Weak economy can’t afford politics of confrontation: Zahid Hussain

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

Published 29 May, 2022 05:50am

Money & Banking

Soneri Bank, ABL Asset Management Company sign agreement

KARACHI: Soneri Bank Limited and ABL Asset Management Company Limited have signed a landmark agreement for...

Published 29 May, 2022 05:50am

Industry

FPCCI panel warns govt of worsening power sector circular debt

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) Chairman Mian Anjum...

Published 29 May, 2022 05:50am

Industry

Siemens Mobility wins $8.7bn high-speed rail deal in Egypt

BERLIN: Egypt has signed a contract with industrial manufacturing company Siemens’ rail and traffic unit and its...

Published 29 May, 2022 05:50am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Cotton US¢/pound / Dec 18	68.50
Petrol/Litre / Dec 19	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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