News Archives for Print - 2022-06-12

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Print - 2022-06-12

BDHC holds queen’s birthday, platinum jubilee celebrations

KARACHI: The British Deputy High Commission (BDHC) held Queen Elizabeth’s Birthday and Platinum Jubilee...

Published 12 Jun, 2022 08:28am

Interim bails of Dr Yasmin, others extended

LAHORE: A Sessions court extended interim pre-arrest bails of PTI Punjab President Dr Yasmin Rashid, MPAs Mian Aslam...

Published 12 Jun, 2022 08:28am

SHC stops private school from using residential premises for commercial purpose

KARACHI: The Sindh High Court has stopped the owner of a private school from using residential premises for a...

Published 12 Jun, 2022 08:28am

Europe

Seven bodies found at scene of helicopter crash in Italy

ROME: Rescuers have found the bodies of seven people killed in a helicopter crash in Italy, local authorities said ...

Published 12 Jun, 2022 08:24am

USA

Thousands to demonstrate for action on US gun violence

WASHINGTON: Thousands of people were expected to demonstrate across the United States on Saturday for tighter...

Published 12 Jun, 2022 08:24am

Energy

Biden says ExxonMobil ‘made more money than God’

LOS ANGELES: President Joe Biden on Friday slammed ExxonMobil for not producing more oil, as soaring gas prices...

Published 12 Jun, 2022 08:24am

Middle East

Syria says major damage, runways unusable after Israel hits airport

DAMASCUS: Syria has confirmed major damage including to runways at Damascus International Airport, which was closed...

Published 12 Jun, 2022 08:24am

Industry

Iran, Venezuela sign 20-year cooperation deal

TEHRAN: Iran and Venezuela signed a 20-year deal on cooperation between the two allies subject to US sanctions ...

Published 12 Jun, 2022 08:24am

Asia

Beijing warns of ‘explosive’ Covid outbreak

SHANGHAI: China’s capital Beijing is experiencing an “explosive” COVID-19 outbreak connected to a bar, a...

Published 12 Jun, 2022 08:24am

Ukraine says it will prevail over Russia as eastern battle grinds on

KYIV: President Volodymyr Zelenskiy said on Saturday that Ukraine would prevail in its war with Russia, now focused...

Updated 12 Jun, 2022 10:57am

Ukraine to get word on EU hopes next week

KYIV: Ukraine’s bid to become a candidate to join the EU will get a clear signal next week, the bloc’s chief...

Published 12 Jun, 2022 08:24am

Sikandar Mandhro passes away in US

ISLAMABAD: Pakistan Peoples Party (PPP) Senator Dr Sikandar Mandhro passed away in a hospital in the United States...

Published 12 Jun, 2022 08:24am

Industry

President Alvi presents ‘Construction Technology Award’ to ZEM Builders

ISLAMABAD: ZEM Builders, one of the leading real estate companies in Pakistan, was awarded the ‘Construction...

Published 12 Jun, 2022 08:24am

Ulema welcomes PM’s grand dialogue offer

LAHORE: Muttahida Ulema Board Chairman Hafiz Tahir Mehmood Ashrafi said on Saturday that Ulema and Mashaykh of all...

Published 12 Jun, 2022 08:24am

Pak-Afghan traders condemn India over insensitive comments

KARACHI: Zubair Motiwala, Chairman Pakistan Afghanistan Joint Chamber of Commerce and Industry (PAJCCI )and Khan Jan...

Published 12 Jun, 2022 08:01am

CS issues directives for ensuring food items at fixed prices

LAHORE: Punjab Chief Secretary Kamran Ali Afzal has said that the Punjab government has given huge subsidy for the...

Published 12 Jun, 2022 08:01am

Sherpao asks govt to introduce electoral reforms at the earliest

PESHAWAR: Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao on Saturday urged the new government to ...

Published 12 Jun, 2022 08:01am

JI announces ‘train march’ against govt

LAHORE: Rejecting the federal budget as anti-people and against the decision of the Federal Shariat Court,...

Updated 12 Jun, 2022 09:57am

Europe

Spain swelters in hottest pre-summer heatwave for 20 years

SEVILLE: Fan-sellers were doing good business in the southern city of Seville on Saturday as Spain sizzled in the...

Published 12 Jun, 2022 08:01am

Grains

‘Record wheat yield achieved in South Punjab during 2021-22’

MULTAN: Secretary Agriculture South Punjab, Saqib Ali Ateel, on Saturday said that wheat production had increased by...

Published 12 Jun, 2022 07:44am

Subsidised flour available at 1,100 points in Lahore

LAHORE: Deputy Commissioner (DC) Lahore Umar Sher Chattha has said supply of subsidised flour has been ensured at...

Published 12 Jun, 2022 07:44am

Shaheen Muslim Town: Pesco, SNGPL asked to end unjust power, gas load-shedding

PESHAWAR: A joint meeting of all political and social organisations of Shaheen Muslim Town held on Saturday in the...

Published 12 Jun, 2022 07:44am

Next mayor of Karachi will be from PPP: Wahab

KARACHI: Administrator Karachi Barrister Murtaza Wahab on Saturday said that the next mayor of Karachi will be from...

Published 12 Jun, 2022 07:44am

Acting governor grieved over Senator Dr Sikandar Mendhro’s death

KARACHI: Acting Governor Sindh Agha Siraj Durrani has expressed his grief and sorrow over the death of PPP Senator ...

Published 12 Jun, 2022 07:44am

TransKarachi organises seminar on ‘Environment & Urban Transport – Transforming Karachi’

KARACHI: To commemorate World Environment Day 2022, TransKarachi, the project implementation agency of the Karachi...

Published 12 Jun, 2022 07:44am

Industry

ReMIT holds RTC on ‘Enquiry Point System’ with Customs officials

KARACHI: The Revenue Mobilization for Investment and Trade Programme (ReMIT) conducted a Roundtable Conference on...

Published 12 Jun, 2022 07:44am

Commodities

Gold prices witness huge hike

KARACHI: Gold prices on Saturday witnessed a huge hike in the local market, traders said. The prices shot up by Rs...

Published 12 Jun, 2022 07:44am

PIA halts operations to and from Damascus airport after Israeli strikes: spokesman

ISLAMABAD: A spokesman for the Pakistan International Airlines (PIA) on Saturday said the flight operations of the...

Published 12 Jun, 2022 07:44am

World Day Against Child Labour being marked today

ISLAMABAD: World Day Against Child Labour will be marked on Sunday across the globe including Pakistan to raise...

Published 12 Jun, 2022 07:44am

Private airline’s plane lands safely at Peshawar airport after mid-flight scare

KARACHI: A private airline’s Peshawar-bound flight on Saturday made an emergency landing at Peshawar airport after...

Published 12 Jun, 2022 07:44am

German brown trout: fishing allowed on Kunar River waters

NARAN: Kaghan Development Authority (KDA) Saturday after a ban of two years on the catching of German Trout fish in...

Published 12 Jun, 2022 07:44am

Govt condemns India for killing, injuring protesters

ISLAMABAD: Pakistan strongly condemned the heavy-handed treatment by the Indian authorities of Muslims who were...

Updated 12 Jun, 2022 01:17pm

LHC asks governor to decide petition against ombudsperson’s order

LAHORE: The Lahore High Court asked the Punjab Governor to decide the representation of Zahid Sadique Butt within...

Published 12 Jun, 2022 07:44am

Commodities

Sufficient stock available: More edible oil to arrive from Malaysia, Indonesia, Miftah told

ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail presided over a meeting of the committee on edible...

Published 12 Jun, 2022 07:44am

First PIA flight arrives in Xian after six months

BEIJING: The first flight of Pakistan International Airlines (PIA) in six months arrived at Xian Xianyang...

Updated 12 Jun, 2022 09:55am

Companies

OPPO F21 Pro 5G goes on sale

LAHORE: The wait is finally over. The most awaited OPPO F21 Pro 5G is officially available to purchase online and in...

Published 12 Jun, 2022 07:44am

Talks with TTP: Parliament should take decision: PPP

Party leaders declare that any demand which is in contradiction with the Constitution of Pakistan could not be met

Updated 12 Jun, 2022 09:04am

‘PM approves new transit visa policy for Afghan citizens’

Under the new policy, the Government of Pakistan would issue 30-day transit visas to the Afghan citizens within 24 hours

Updated 12 Jun, 2022 09:05am

CPGCL urges govt to appoint Rustam Ali Ghouri as CEO

ISLAMABAD: The Board of Directors (BoD) of Central Power Generation Company Limited (CPGCL) - Genco-II has...

Updated 12 Jun, 2022 08:59am

Rs3trn Punjab budget to be presented tomorrow

LAHORE: The Punjab government will unveil the Punjab Budget on June 13 (Monday) for the fiscal year 2022-23 with a...

Updated 12 Jun, 2022 09:58am

PM wants NA to adopt resolution condemning BJP leaders’ hurtful remarks

Premier says message should be sent to India that they were ready to give any sacrifice for the sanctity of the Holy Prophet

Updated 12 Jun, 2022 09:08am

Pakistan urges dialogue to promote peace on restive Korean peninsula

Islamabad remains opposed to any destabilizing actions that give rise to tensions on the Peninsula, Ambassador Aamir Khan says

Updated 12 Jun, 2022 09:10am

Bilawal for early repatriation of 160 Pakistanis stranded in Syria

ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari has directed immediate repatriation of 160 Pakistanis stranded in...

Published 12 Jun, 2022 06:55am

PTI not to leave field to opponents in by-polls: Qureshi

MULTAN: Vice Chairman Pakistan Tehreek-e-Insaf (PTI) Makhdoom Shah Mahmood Qureshi said on Saturday that PTI was a...

Published 12 Jun, 2022 06:55am

Fixed Tax Scheme: 2.5m retailers to be brought into tax net

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Asim Ahmad on Saturday said the FBR has estimated to bring 2.5...

Published 12 Jun, 2022 06:55am

‘Pro-HEVs policies can bring substantial savings’

KARACHI: Pakistan can achieve substantial savings due to policies favouring Hybrid Electric Vehicles (HEVs). The...

Published 12 Jun, 2022 06:55am

‘Budget ignores challenges faced by agri sector’

KARACHI: Waheed Ahmed, former chairman of All Pakistan Fruit and Vegetable Exporters Association Saturday said that...

Published 12 Jun, 2022 06:55am

Murad announces plan to enhance DEPD budget

KARACHI: Sindh Chief Minister Syed Murad Ali Shah while inaugurating the Centre for Autism Rehabilitation and...

Published 12 Jun, 2022 06:55am

Climate-battered nations hunt elusive cash to adapt at UN talks

The southeast African island of Madagascar was hit by six tropical storms in the first four months of this year,...

Published 12 Jun, 2022 06:55am

Russia’s state-owned RNRC to reinsure Russian oil shipments

State-controlled Russian National Reinsurance Company (RNRC) is now the main reinsurer of Russian ships, including...

Published 12 Jun, 2022 06:55am

Federal Budget 2022-23: Comments & Observations

Budget in Brief

Published 12 Jun, 2022 06:55am

USA

Brazil, US to cooperate against illegal timber exports from Amazon

LOS ANGELES: The governments of Brazil and the United States are in talks to jointly combat exports of illegal ...

Published 12 Jun, 2022 06:55am

FY 2022-23: Govt to collect Rs50bn from 3G/4G licence renewals

ISLAMABAD: The government has budgeted Rs 50 billion for 3G/4G license renewal as well as 5G under the head of...

Updated 12 Jun, 2022 09:01am

Imran to address lawyers on 16th

ISLAMABAD: Former prime minister and Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan will address the Islamabad...

Updated 12 Jun, 2022 09:01am

Removal of names from list: IHC summons officials of religious affairs ministry

ISLAMABAD: The Islamabad High Court (IHC) on Saturday summoned the concerned officials of the Ministry of Religious...

Published 12 Jun, 2022 06:55am

Court confirms interim bails of PM, CM, others

LAHORE: A special court on Saturday confirmed interim bails of Prime Minister Shehbaz Sharif, Punjab Chief Minister...

Published 12 Jun, 2022 06:55am

Minibus bomb attack kills four in Kabul

KABUL: A bomb blast on a minibus killed at least four people and injured several others in the Afghan capital on...

Published 12 Jun, 2022 06:55am

LNG framework: Tanzania signs pact with Equinor and Shell

DAR ES SALAAM: Tanzania signed a framework agreement on Saturday with Norway’s Equinor and Britain’s Shell that...

Published 12 Jun, 2022 06:55am

Two killed in India protests

PATNA, (India): Indian police shot dead two protesters and arrested more than 130 others during street rallies...

Published 12 Jun, 2022 06:55am

Govt releases supplementary grants for FY 2020-21 & 2021-22

ISLAMABAD: Regular and technical supplementary grants for financial years 2020-21 and 2021-22 were released by the...

Published 12 Jun, 2022 06:55am

Federal budget seems ‘neutral to positive’ for stock market: analysts

KARACHI: Contrary to market expectations, measures announced in Federal Budget seem “Neutral to Positive” for...

Published 12 Jun, 2022 06:55am

FBR links Rs7004bn revenue collection to economic health, better enforcement

ISLAMABAD: The Federal Board of Revenue (FBR) has said that the achievement of the Rs7,004 billion revenue ...

Published 12 Jun, 2022 06:55am

HCCI chief says only IMF happy with federal budget

HYDERABAD: President Hyderabad Chamber of Commerce and Industry (HCCI) Adeel Siddiqui responding to the federal...

Published 12 Jun, 2022 06:55am

The Weather

KARACHI: The weather report on Saturday (June 11, 2022) and the forecast for Sunday (June 12, 2022)....

Published 12 Jun, 2022 06:55am

Finance Bill 2022: Rate of proposed tax on deemed rental income to be 20pc

Proposed tax on deemed income from an unutilised property above Rs25 million not applicable on land where agriculture activity is carried out

Updated 12 Jun, 2022 03:00pm

FBR unveils Tax Expenditure Report: Cost of tax exemptions ‘much higher’

ISLAMABAD: Pakistan has a tax expenditure (cost of tax exemptions) equal to 2.8 percent of the Gross Domestic ...

Updated 12 Jun, 2022 11:00am

FBR cases: Miftah offers out-of-court settlement

ISLAMABAD: Minister for Finance and Revenue Miftah Ismail on Saturday gave an open offer to all litigant businessmen...

Updated 12 Jun, 2022 08:55am

Miftah says budget hasn’t eased all of IMF concerns

ISLAMABAD: Finance Minister said on Saturday that the International Monetary Fund (IMF) has expressed concern about...

Updated 12 Jun, 2022 08:56am

Fiscal consolidation high priority: Miftah

ISLAMABAD: Finance Minister Miftah Ismail stated on Saturday that fiscal consolidation is the first and foremost...

Updated 12 Jun, 2022 11:02am

Budget based on unrealistic assumptions, insists Tarin

ISLAMABAD: Casting aspersions on the government’s ability to achieve its targeted 5pc growth rate, Pakistan...

Updated 12 Jun, 2022 08:57am

PM Shehbaz lauds economic team for producing ‘best’ budget

LAHORE: Prime Minister Shehbaz Sharif on Saturday praised his economic team for presenting the ‘best’ federal...

Updated 12 Jun, 2022 08:58am

Industry

‘Newly posted TIOs to play key role in enhancing exports’

FAISALABAD: Newly posted Trade & Investment Officers (TIOs) would play a key role in enhancing exports, bringing...

Published 12 Jun, 2022 06:55am

Energy

AEL seeks exemption from IFRS-9 applicability

ISLAMAABAD: M/s Altern Energy Limited (AEL) has approached Securities & Exchange Commission of Pakistan (SECP)...

Published 12 Jun, 2022 06:55am

The challenge of rising inflation

Inflation occurs when spending on goods and services outstrips production. Prices can rise because of supply...

Published 12 Jun, 2022 06:55am

Damping down the wildfires

EDITORIAL: Raging wildfires are a global challenge. While these wildfires have been quenched or damped down at some...

Published 12 Jun, 2022 06:55am

Grappling with power shortages

EDITORIAL: Power cuts amid sizzling June heat are making life miserable for the people all across the country,...

Published 12 Jun, 2022 06:55am

Letters

The budget 2022-23

Former prime minister and Chairman Pakistan Tehrik-e-Insaf Imran Khan has rejected the 2022-23 federal budget,...

Published 12 Jun, 2022 06:55am

Energy

Algeria to honour all its gas commitments with Spain

ALGIERS: Algeria will honour all its gas commitments with Spain, a foreign affairs ministry statement said on ...

Published 12 Jun, 2022 06:55am

Grains

War blocks vital Ukraine grain exports from Black Sea

KYIV: President Volodymyr Zelenskiy insisted on Saturday that Ukraine would prevail in its almost four-month-long ...

Published 12 Jun, 2022 06:55am

Commodities

Raw sugar prices fall sharply, coffee also slides

LONDON: Raw sugar futures on ICE fell sharply on Friday, weighed by the weakness of Brazil’s real currency and ...

Published 12 Jun, 2022 06:55am

Grains

Soyabean futures ease, a day after nearing record high

CHICAGO: Chicago Board of Trade soybean futures weakened on Friday, after nearing an all-time high during a rally in...

Published 12 Jun, 2022 06:55am

Grains

France ready to help on Ukraine’s grain stocks crisis

PARIS: France is unwilling to make concessions to Russia and wants Ukraine to win the war against Moscow’s ...

Published 12 Jun, 2022 06:55am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 11, 2022)....

Published 12 Jun, 2022 06:55am

Cotton & Textile

Spot Rate remains unchanged at Rs21,000/maund

LAHORE: The local market on Saturday remained steady and the trading volume remained low. Cotton Analyst Naseem...

Published 12 Jun, 2022 06:55am

Commodities

Prices of essential kitchen items show upward trend

ISLAMABAD: The prices of essential kitchen items have kept on witnessing an upward trend during this week past as...

Published 12 Jun, 2022 06:55am

Rates

YOUR RUPEE LAST MONTH

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last month. (May 6 to 31,...

Published 12 Jun, 2022 06:55am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 11, 2022)...

Published 12 Jun, 2022 06:55am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Saturday (June 11, 2022). ======================================= Offset...

Published 12 Jun, 2022 06:55am

Rates

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 11,...

Published 12 Jun, 2022 04:23am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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