News Archives for Print - 2022-06-13

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Print - 2022-06-13

Child labour: President says country committed to international obligations

ISLAMABAD: President Dr Arif Alvi Sunday said that Pakistan was committed to its international obligations towards...

Published 13 Jun, 2022 07:39am

Dustbuster Shadab stars as Pakistan clinch clean-sweep of West Indies

MULTAN: Allrounder Shadab Khan hit a fighting half century before taking four wickets to anchor Pakistan’s 53-run...

Published 13 Jun, 2022 07:38am

Public sector medical & dental colleges: KP govt reduces fees for Afghan students

PESHAWAR: The Khyber Pakhtunkhwa government, on the recommendation of Khyber Medical University (KMU) Peshawar, has...

Published 13 Jun, 2022 07:38am

Two advisers of Sindh CM resign to contest LG polls

KARACHI: Two advisers to Chief Minister Sindh Murad Ali Shah have resigned from their positions to contest the...

Published 13 Jun, 2022 07:38am

Ban on plastic bags from 15th: Wahab

KARACHI: Administrator Karachi Barrister Murtaza Wahab on Sunday said that plastic bags are one of the major reasons...

Published 13 Jun, 2022 07:38am

6.4m children are out of school in Sindh: HWA

HYDERABAD: On the occasion of World Day against Child Labour, Hari Welfare Association regretted that more than 6.4...

Published 13 Jun, 2022 07:38am

BoP takes measures for welfare of staff

LAHORE: Inflation is a global phenomenon that has impacted many countries worldwide resulting in high fuel prices....

Published 13 Jun, 2022 07:38am

Punjab govt restores Local Government Act 2019

LAHORE: The Punjab government has restored the Punjab Local Government Act 2019. The government has appointed the...

Published 13 Jun, 2022 07:38am

Sindh districts: Rainfall with dust-thunderstorm predicted

KARACHI: The Met Office has forecast likely dust and thunderstorm with rainfall in some districts of Sindh on Sunday...

Published 13 Jun, 2022 07:38am

Imran used institutions to run govt: PML-N

LAHORE: Pakistan Muslim League – Nawaz (PML-N) spokesperson Uzma Bokhari on Sunday while taking a dig at PTI...

Published 13 Jun, 2022 07:38am

Commodities

Prices of essential food items remain on higher side in Peshawar

PESHAWAR: Prices of essential food commodities —— including live chicken/ meat, pulses, vegetables, ghee/cooking...

Published 13 Jun, 2022 07:38am

Army chief gives away cash prize to oil tanker driver

RAWALPINDI: Chief of Army Staff General Qamar Javed Bajwa has awarded a cash prize to driver of oil tanker Faisal...

Published 13 Jun, 2022 07:38am

New Gwadar International Airport: Test flight to take place in December

QUETTA: The test flight from new Gwadar International Airport would be started from December this year as the...

Published 13 Jun, 2022 07:38am

Minister concerned at rapid urbanisation-driven depletion of agri lands

KARACHI: Sindh Environment Minister Ismail Rahoo, while expressing concern over the rapid depletion of agricultural...

Published 13 Jun, 2022 07:38am

Money & Banking

Two-year yields highest since 2008

NEW YORK: US Treasury prices tumbled and short- and intermediate-dated yields reached their highest levels in over a...

Published 13 Jun, 2022 07:38am

LG elections: PPP devises new strategy to win slot of Karachi mayor

KARACHI: Pakistan People’s Party (PPP) has devised a fresh strategy to grab the slot of mayor Karachi after it...

Published 13 Jun, 2022 07:11am

Dozens of vehicles burnt in Nazarat blaze

KARACHI: The fire eruption in the central vehicle pool, commonly known as Nazarat, in Block-10 of Gulshan-e-Iqbal...

Published 13 Jun, 2022 07:11am

LB elections in Quetta, Lasbela in first week of July

QUETTA: The local bodies’ elections in Quetta and Lasbela districts of Balochistan will be held in the first week...

Published 13 Jun, 2022 07:11am

SCF organises seminar on agro entrepreneurship, agri skills

HYDERABAD: A seminar on agro entrepreneurships and agriculture skills programme for youth organised by Sindh...

Published 13 Jun, 2022 07:11am

Research, cooperation: FAO, KP DGAR ink MoU

PESHAWAR: The Food and Agriculture Organisation (FAO) of the United Nations in Khyber Pakhtunkhwa (KP) signed a...

Published 13 Jun, 2022 07:11am

Talks with TTP: PPP constitutes 3-member committee

ISLAMABAD: Pakistan People’s Party (PPP) has constituted a three-member committee to reach out to other political...

Published 13 Jun, 2022 07:11am

Soldier martyred in N Waziristan

RAWALPINDI: A Pakistan Army soldier was martyred during an intense exchange of fire with terrorists in the Datta ...

Published 13 Jun, 2022 07:11am

MNA Ali Wazir: Rabbani urges speaker to issue production order

ISLAMABAD: Pakistan People’s Party (PPP) Senator and former chairman of the Senate Mian Raza Rabbani on Sunday...

Published 13 Jun, 2022 07:11am

PTI tenure loans: Marriyum sees more confessions from Imran, party soon

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb on Sunday said that former finance minister...

Published 13 Jun, 2022 07:11am

Strict Saudi law: Hajj pilgrims warned against drug trafficking

ISLAMABAD: Pilgrims performing Hajj 2022 have been warned to desist from carrying prohibited drugs to the Holy Land...

Published 13 Jun, 2022 07:11am

Afghan citizens: ‘New transit visa policy to help complete paperwork for onward travel’

ISLAMABAD: Prime Minister Shehbaz Sharif said that granting transit visas to Afghan citizens will help them complete...

Published 13 Jun, 2022 07:11am

PTI’s Farrukh Habib predicts further price hike

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Central Secretary Information Farrukh Habib came down hard on the ...

Published 13 Jun, 2022 07:11am

Fahim Sehgal elected PIAF chairman

LAHORE: The Pakistan Industrial and Traders Associations Front (PIAF) elected Fahimur Rehman Sehgal as a new ...

Published 13 Jun, 2022 07:11am

FIA to launch money laundering probe against Moonis Elahi

LAHORE: The Federal Investigation Agency (FIA) Lahore has decided to launch a money laundering investigation against...

Published 13 Jun, 2022 07:11am

Customs team foils another smuggling bid at Torkham

ISLAMABAD: Building further on its incessant operations against smuggling, Customs team foiled yet another attempt ...

Published 13 Jun, 2022 07:11am

Sound fiscal risk management: KP govt introduces legislation

PESHAWAR: The government of Khyber Pakhtunkhwa has passed legislation from the provincial assembly to provide sound...

Published 13 Jun, 2022 07:11am

Federal govt urged to enhance KP’s share in NFC award

PESHAWAR: Qaumi Watan Party (QWP) has demanded of the federal government to increase KP’s share in the National...

Published 13 Jun, 2022 07:11am

PTI added highest debt, liabilities: Miftah

ISLAMABAD: Minister for Finance and Revenue Miftah Ismail Sunday said the Pakistan Tehreek-e-Insaf (PTI) government...

Updated 13 Jun, 2022 09:43am

Stocks

PSX witnesses range-bound activity

KARACHI: Pakistan Stock Exchange witnessed range bound activity however closed positive and partially recovered its...

Published 13 Jun, 2022 06:19am

Stocks

Futures spread declines 218bps

KARACHI: The futures spread declined by 218bps to 9.08 percent on the last day of the outgoing week. Trading...

Published 13 Jun, 2022 06:19am

Rates

PKR declines nearly 2.2pc

KARACHI: The rupee fell nearly 2.2% against the US dollar during the previous week, shedding value in three of the...

Published 13 Jun, 2022 06:19am

Punjab budget session: PTI, PML-Q finalise strategy

LAHORE: Pakistan Tehreek-e-Insaf (PTI) and Pakistan Muslim League Quaid (PML-Q) have finalised strategy regarding ...

Published 13 Jun, 2022 06:19am

COMMENTS ON FY2022-23 BUDGET

EXECUTIVE SUMMARY

Published 13 Jun, 2022 06:19am

Budgets

GB CM slams 50pc cut in development allocations in budget

ISLAMABAD: Gilgit-Baltistan Chief Minister Khalid Khurshid has slammed the federal government for cutting the...

Published 13 Jun, 2022 06:19am

Budgets

UBG terms federal budget balanced, growth-oriented

KARACHI: Leaders of the United Business Group (UBG) S M Muneer, Zubair Tufail, Shahzad Ali Malik, Zafar Bakhtawari...

Published 13 Jun, 2022 06:19am

Budget 2022-23

The budget for 2022-23 is reminiscent of the unrealism of Miftah Ismail’s 2018-19 budget presented on 27 April ...

Updated 13 Jun, 2022 03:03pm

A directionless budget

The budget is built on expectations and assumptions (prayers) of global commodities to move out of the super cycle ...

Published 13 Jun, 2022 06:19am

‘Like it or not’, Britannia still rules part of Cyprus

Next to a palm tree, the Union Jack hangs limply on a pole outside a simple courthouse built decades ago on this...

Published 13 Jun, 2022 06:19am

Letters

Budget hasn’t eased all IMF concerns?

That a policy appeasement is often counterproductive with the International Monetary Fund (IMF) is a fact. Although...

Published 13 Jun, 2022 06:19am

Stocks

Indian shares log biggest weekly drop in a month

BENGALURU: Indian shares fell more than 1% on Friday and posted their biggest weekly loss in a month as investors...

Published 13 Jun, 2022 06:19am

Stocks

US inflation hammers European shares amid recession fears

LONDON: European shares slumped 2.7% on Friday after US inflation came in hotter than expected, raising the prospect...

Published 13 Jun, 2022 06:19am

Stocks

Major Gulf markets track global peers, oil prices lower

DUBAI: Stock markets in the Middle East fell sharply on Sunday, mirroring the previous session’s slide in oil...

Published 13 Jun, 2022 06:19am

Stocks

Wall St Week Ahead: Dashed peak inflation hopes spell more pain for stocks and bonds

NEW YORK: Blistering inflation is threatening to re-ignite twin declines in US stocks and bonds, leaving investors...

Published 13 Jun, 2022 06:19am

Stocks

Stocks tumble worldwide as US inflation soars

NEW YORK: Stock markets plunged deeper into the red on Friday after data showed US inflation soared to the highest...

Published 13 Jun, 2022 06:19am

South Asia

Sonia Gandhi hospitalised with Covid-related issues

NEW DELHI: The leader of India’s main opposition party, Sonia Gandhi, has been admitted to hospital in New Delhi...

Published 13 Jun, 2022 06:19am

Europe

French head to polls as Macron battles for majority

PARIS: French voters cast their ballots on Sunday in the first of two rounds that will decide whether President...

Published 13 Jun, 2022 06:19am

EFP 16th Occupational Safety, Health & Well-Being, Conference & awards 2022: Message from Ismail Suttar, President EFP

TEXT: The EFP as an apex body of employers/business community in Pakistan is playing an important role in advocacy...

Published 13 Jun, 2022 06:19am

EFP 16th Occupational Safety, Health & Well-Being, Conference & awards 2022: Message from Zaki Ahmed Khan, Vice President EFP

TEXT: I am happy to inform that the Employers’ Federation of Pakistan while working to protect, promote and ...

Published 13 Jun, 2022 06:19am

EFP 16th Occupational Safety, Health & Well-Being, Conference & awards 2022: Message from Mahandra Naidoo, Officer in Charge

TEXT: Safety and health at work is key to sustainable development and forms an integral part of the UN 2030 Agenda....

Published 13 Jun, 2022 06:19am

Agriauto Industries Limited

TEXT: Agriauto Industries Limited (AGIL) was incorporated in 1981 and is one of the leading automotive part...

Published 13 Jun, 2022 06:19am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (June 06 to 10,...

Published 13 Jun, 2022 06:19am

The Weather

KARACHI: The weather report on Sunday (June 12, 2022) and the forecast for Monday (June 13, 2022)....

Published 13 Jun, 2022 06:19am

Punjab budget faces prospect of deadlock?

Punjab Chief Minister Hamza Shehbaz assigns the assembly business of finance department to PML-N senior MPA Sardar Awais Ahmad Khan Laghari

Updated 13 Jun, 2022 09:44am

Pakistan, Turkey all set to ink TGA

ISLAMABAD: Pakistan and Turkey are to sign Trade in Goods Agreement (TGA) during the visit of Turkish Trade Minister...

Updated 13 Jun, 2022 09:52am

Speaker says PML-N does not enjoy majority

LAHORE: Speaker Punjab Assembly Parvez Elahi on Sunday said that the PML-N does not enjoy a majority in the assembly...

Updated 13 Jun, 2022 09:52am

Shehbaz speaks quite highly of FY23 budget

ISLAMABAD: Prime Minister Shehbaz Sharif has said that the federal budget for next fiscal year 2022-23 represents a...

Updated 13 Jun, 2022 09:41am

Industrial amnesty scheme withdrawn

ISLAMABAD: The amnesty scheme (industrial package) announced by the previous government for the revival of sick...

Updated 13 Jun, 2022 09:58am

IT exports: Finance Bill recommendations seen as sure recipe for disaster

ISLAMABAD: Freelancers, individuals, association of persons (AOPs), companies may end up paying tax within the range...

Updated 13 Jun, 2022 11:22am

Pakistani, Chinese militaries reaffirm strategic partnership

ISLAMABAD: Top military leaders from Pakistan and China have met each other in Beijing and discussed the...

Updated 13 Jun, 2022 09:34am

KE seeks payment of Rs25bn to clear SSGC dues

ISLAMABAD: K-Electric (KE) has sought immediate payment of Rs 25 billion from the federal government to clear...

Updated 13 Jun, 2022 09:34am

Dasu project to start generating power by 2026: minister

LAHORE Water Resources Federal Minister Syed Khursheed Ahmed Shah has said that Dasu is a vital project to stabilize...

Updated 13 Jun, 2022 09:37am

FATF: German envoy optimistic about Pakistan’s prospects

ISLAMABAD: Pakistan is expected to be clear from the FATF grey list this year and the GSP plus status is likely to ...

Updated 13 Jun, 2022 09:39am

TotalEnergies takes $2bn foothold in Qatar’s giant gas expansion

DOHA: Qatar on Sunday named France’s TotalEnergies as its first foreign partner to expand the world’s largest...

Published 13 Jun, 2022 06:19am

Anti-Islam remarks: Indian officials step up arrests, demolish houses

SRINAGAR/KOLKATA: Authorities in India’s Uttar Pradesh state have demolished the homes of several people accused ...

Published 13 Jun, 2022 06:19am

US urged to stop ‘smearing and containing’ China

SINGAPORE: China will “fight to the very end” to stop Taiwanese independence, the country’s defence minister...

Published 13 Jun, 2022 06:19am

Resurging US inflation puts Fed on track for more big rate hikes

WASHINGTON: Red-hot US inflation is showing few signs of cooling, putting the Federal Reserve on track to continue...

Published 13 Jun, 2022 06:19am

Norway to label products from Israeli settlements

OSLO: Israel on Saturday condemned Norway’s decision to label products from Israeli settlements with their place ...

Published 13 Jun, 2022 06:19am

Cotton & Textile

Weekly Cotton Review: Rate stable as ginning picks up steam

KARACHI: The rate of cotton remained stable. Bullish trend prevails in international cotton markets. There are...

Published 13 Jun, 2022 06:19am

A carrot and stick approach

EDITORIAL: The government and regulators are trying their best through a carrot and stick strategy to arrest the...

Published 13 Jun, 2022 06:19am

More than a family matter

EDITORIAL: The alleged abduction of a young girl, Dua Zahra, has gripped the public attention for months as her...

Published 13 Jun, 2022 06:19am

Dowry-related deaths in India

EDITORIAL: The heart-breaking story comes with a picture of a grieving father standing next to the well where his...

Published 13 Jun, 2022 06:19am

Budgets

BMP terms budget ‘partially balanced’

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has hailed the...

Published 13 Jun, 2022 06:19am

Budgets

Federal budget attracts mixed reaction from politicians, traders

PESHAWAR: Federal budget for financial year 2022-23 has received mixed reaction from politicians, traders, ...

Published 13 Jun, 2022 06:19am

Money & Banking

Sterling tumbles more than 1pc vs dollar

LONDON: Sterling fell by more than 1% on Friday and was set for a second consecutive week of declines against the US...

Published 13 Jun, 2022 06:19am

Money & Banking

Yuan set for worst week in a month amid Covid, monetary policy headwinds

SHANGHAI: China’s yuan was largely steady against the dollar on Friday but looked set for its biggest weekly drop...

Published 13 Jun, 2022 06:19am

Money & Banking

Australia, NZ dollars suffer collateral damage in equity implosion

SYDNEY: The Australian and New Zealand dollars were licking their wounds on Friday after a selloff in global equity...

Published 13 Jun, 2022 06:19am

WTO chief says ‘cautiously optimistic’ ahead of high-stakes meet

GENEVA: The World Trade Organization chief voiced cautious optimism Sunday as global trade ministers gather to ...

Published 13 Jun, 2022 06:19am

Industry

End of an era as Russia’s McDonald’s reopens under new name

MOSCOW: The restaurant that launched McDonald’s in Russia in 1990, heralding Moscow’s opening after decades of...

Published 13 Jun, 2022 06:19am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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