News Archives for Print - 2022-06-26

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Print - 2022-06-26

Peoples Bus Service in Karachi from tomorrow

KARACHI: The PPP-led Sindh government is all set to launch the Peoples Bus Service in Karachi from June 27 ...

Published 26 Jun, 2022 06:40am

PM forms committee to allay MQM concerns

KARACHI: Prime Minister Shehbaz Sharif on Saturday formed a three-member committee to oversee the progress on the...

Published 26 Jun, 2022 06:40am

Steps taken in Larkana for peaceful conduct of LG polls

LARKANA: All security arrangements have been finalized in the Larkana district to maintain peaceful atmosphere ...

Published 26 Jun, 2022 06:40am

Role of media during peace and conflicts discussed

KARACHI: A two-day conference on ‘Extreme Reporting: Conflict and Peace in the Digital Age’ was held at the...

Published 26 Jun, 2022 06:40am

Industry

Miftah assures Motiwala-led body over removal of budget anomalies

KARACHI: An anomaly committee constituted by the Ministry of Finance under the chairmanship of Zubair Motiwala held...

Published 26 Jun, 2022 06:40am

Industry

Economy ruined for an IMF instalment of only $900m: HCSTSI

HYDERABAD: President of the Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) Mohammad Altaf Memon has...

Published 26 Jun, 2022 06:40am

PM condoles with Zardari on demise of his mother

NAWABSHAH: Prime Minister Muhammad Shehbaz Sharif on Saturday arrived at Zardari House, Shaheed Benazir Abad and...

Published 26 Jun, 2022 06:40am

ICT witnesses increase in mobile snatching, car lifting

ISLAMABAD: The capital city witnessed an increase in incidents of mobile phone snatching and car lifting during the...

Published 26 Jun, 2022 06:40am

Industry

Luxury, non-essential items: ‘Govt to lift ban on shipments already at Karachi port’

PESHAWAR: The federal government is likely to lift the ban on shipments which have already arrived at Karachi port...

Published 26 Jun, 2022 06:09am

Industry

Convertible debt: Listed companies allowed to raise funds from members

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Friday issued a regulatory framework for...

Published 26 Jun, 2022 06:09am

Chaudhry Shujaat refutes allegations of younger brother

LAHORE: Pakistan Muslim League-Quaid (PML-Q) President Chaudhry Shujaat Hussain has rejected the allegations ...

Published 26 Jun, 2022 06:09am

‘Bangladesh has become role model for developing countries’

KARACHI: The Deputy High Commissioner of Bangladesh in Karachi Mahbubul Alam in his address under the auspices of...

Published 26 Jun, 2022 06:09am

Passing-out parade of midshipmen, SSC held at PNA

KARACHI: The passing out parade of 117th Midshipmen and 25th Short Service Commission course was held at Pakistan...

Published 26 Jun, 2022 06:09am

Pro-life is not just opposing abortion, Vatican says

VATICAN CITY: Anti-abortion activists should be concerned with other issues that can threaten life, such as easy...

Published 26 Jun, 2022 05:44am

Commonwealth talks unity as relevance under scrutiny

KIGALI: Prince Charles says Commonwealth nations are free to farewell the monarchy and become republics,...

Published 26 Jun, 2022 05:44am

No ‘transformation’ for UK’s Johnson despite vote drubbing

LONDON: British Prime Minister Boris Johnson said Saturday he would not undergo any “psychological...

Published 26 Jun, 2022 05:44am

Turkey re-evaluating death penalty

ISTANBUL: Turkey will reconsider a 2004 decision to abolish capital punishment, the justice minister said on...

Published 26 Jun, 2022 05:44am

Punjab governor calls for formulating ‘Charter of Economy’

Says PML-N has always delivered for the betterment of the country

Updated 26 Jun, 2022 08:58am

PM Shehbaz's projects for uplift of Gwadar hailed

Experts say the provision of clean drinking water, boat engines, and residential facilities for fishermen will go a long way in the uplift of the area

Updated 26 Jun, 2022 08:59am

‘Imported’ govt has messed up country’s economy: Dr Yasmin

Highlights PTI government's initiatives to uplift the economy

Updated 26 Jun, 2022 09:03am

EU team calls on Punjab CM, discusses GSP Plus status

CM says the provision of equal rights to women and minority communities is a priority of his government

Updated 26 Jun, 2022 09:52am

Begum Alvi underlines need for income-generating opportunities for women

ISLAMABAD: First Lady Begum Samina Alvi on Saturday underlined the need for sustained efforts for the economic...

Published 26 Jun, 2022 05:44am

13 cattle markets, sales points set up in Lahore

LAHORE: For the sale of sacrificial animals, the Punjab district administration has set up 13 cattle markets and...

Published 26 Jun, 2022 05:44am

Economic colonialism

European historians, with their own sense of bias, which on occasions reaches its zenith, to convert into prejudice,...

Published 26 Jun, 2022 05:44am

Summer travel misery ahead as industry workers in revolt

A spiral of worker strikes in Europe’s crucial aviation sector and cancelled flights at a time when millions of...

Published 26 Jun, 2022 05:44am

German activists up their game to keep climate centre stage

With climate change pushed down the news agenda as Germany tackles an energy crisis and the war in Ukraine,...

Published 26 Jun, 2022 05:44am

Letters

Conserving energy

It is quite strange that people as a nation are not showing seriousness towards conserving energy, which is need of...

Published 26 Jun, 2022 05:44am

Armstrong takes world title after training partner disqualified

BUDAPEST: American Hunter Armstrong was awarded the world title after his training buddy Justin Ress was ...

Published 26 Jun, 2022 05:44am

Grains

IGC raises forecast for global corn crop

LONDON: The International Grains Council (IGC) on Thursday raised its forecast for 2022/23 global corn output,...

Published 26 Jun, 2022 05:44am

Energy

US natgas holds near 11-week low

NEW YORK: US natural gas futures held near an 11-week low on Friday as forecasts for hotter weather, higher demand...

Published 26 Jun, 2022 05:44am

Clothes confiscated at railway station

LAHORE: The Railways police in an intelligence-based operation seized bundles of non-custom paid clothes worth...

Published 26 Jun, 2022 05:44am

Energy

New connections: PD to provide gas companies new guideline

ISLAMABAD: The Petroleum Division will provide a new guideline to the board of directors of both gas companies, the...

Published 26 Jun, 2022 05:44am

Governor inducts 8 new buses into Speedo Bus Service

BAHAWALPUR: Governor Punjab Engineer Muhammad Baligh-ur-Rehman Saturday inaugurated the addition of 8 buses to the...

Published 26 Jun, 2022 05:44am

5.08m children to be vaccinated: Anti-polio campaign in Punjab from tomorrow

LAHORE: The anti-polio campaign will begin in seven districts of Punjab from tomorrow (Monday). The target for the...

Published 26 Jun, 2022 05:44am

Energy

Higher prices turned agriculture into a business of losses: FAP

LAHORE: Higher electricity rates and its unavailability, increased rates of petroleum products and shortage of water...

Published 26 Jun, 2022 05:44am

9th anniversary of rule: PM felicitates Qatar’s emir

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif Saturday extended his congratulations to Emir of Qatar Tamim bin...

Published 26 Jun, 2022 05:44am

Security forces killed four terrorists, says ISPR

NORTH WAZIRISTAN: Security forces on Saturday killed four terrorists during an Intelligence Based Operation (IBO) in...

Published 26 Jun, 2022 05:44am

Rangers release social media activist Arsalan Khan

KARACHI: The Pakistan Rangers, Sindh on Saturday released social media activist and journalist Arsalan Khan after...

Published 26 Jun, 2022 05:44am

Call for empowering women economically

LAHORE: Terming economic empowerment of women vital for the country’s development, former Governor Punjab and...

Published 26 Jun, 2022 05:44am

NUST holds conference on history of Pak-Turkey ties

ISLAMABAD: NUST and Ankara Centre of Thought and Research (ADAM-ACTR) held a joint conference on Economic, Social ...

Published 26 Jun, 2022 05:44am

Europe

Spain approves $9.5bn aid package for vulnerable families

MADRID: Spain announced a 9 billion euro ($9.50 billion) package of measures on Saturday to help its most vulnerable...

Published 26 Jun, 2022 05:44am

South Asia

Taliban call for release of frozen funds after deadly earthquake

KABUL: Afghanistan’s Taliban administration called on international governments on Saturday to roll back sanctions...

Updated 26 Jun, 2022 09:47am

Iran nuclear talks to resume in days: EU’s Borrell

TEHRAN: Talks to revive the Iran nuclear deal will resume within days after being stalled for months, the EU’s top...

Published 26 Jun, 2022 05:44am

USA

Protesters at US SC decry abortion ruling overturning Roe v. Wade

WASHINGTON/JACKSON: Hundreds of protesters descended on the US Supreme Court on Saturday to denounce the justice’s...

Published 26 Jun, 2022 05:44am

Biden, G7 leaders to agree on import ban on Russian gold

WASHINGTON: US President Joe Biden and his G7 counterparts will agree on an import ban on new gold from Russia as...

Published 26 Jun, 2022 05:44am

Africa

South Africa’s Zuma slams graft report as gossip, irrational

JOHANNESBURG: South Africa’s former president Jacob Zuma, fingered to be a graft enabler, on Saturday rubbished as...

Published 26 Jun, 2022 05:44am

Asia

Shanghai reports zero Covid cases for first time since outbreak

BEIJING: China reported zero new Covid-19 infections in Shanghai for the first time since March on Saturday, as the...

Published 26 Jun, 2022 05:44am

Middle East

Qatar, Egypt cement rapprochement on emir’s Cairo visit

CAIRO: Egypt’s leader on Saturday discussed energy and investment with Qatar’s emir, who was in Cairo for the...

Published 26 Jun, 2022 05:44am

Europe

Fresh transport strikes hit UK, mainland Europe

LONDON: Britain’s railway system once again came to a virtual standstill on Saturday and flights in Europe were...

Published 26 Jun, 2022 05:44am

Europe

Putin promises Belarus Iskander-M missiles to counter ‘aggressive’ West

MOSCOW: Russia will supply Belarus with Iskander-M missile systems within a few months, Russian President Vladimir...

Published 26 Jun, 2022 05:44am

Europe

Sievierodonetsk falls to Russia after one of war’s bloodiest fights

KYIV/POKROVSK: Russian forces have fully occupied Sievierodonetsk, the mayor of the eastern Ukrainian city said on...

Published 26 Jun, 2022 05:44am

Europe

Horror on Oslo Pride day as gunman kills two, injures 21

OSLO: Terrified revellers at a gay bar in Oslo hid in a basement and desperately called loved ones as a gunman went...

Published 26 Jun, 2022 05:44am

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 25,...

Published 26 Jun, 2022 05:44am

The Weather

KARACHI: The weather report on Saturday (June 25, 2022) and the forecast for Sunday (June 26, 2022)....

Published 26 Jun, 2022 05:44am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 25, 2022)...

Published 26 Jun, 2022 05:44am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Saturday (June 25, 2022). ======================================= Offset...

Published 26 Jun, 2022 05:44am

Supertax applicable to TY22

Companies liable to pay supertax would deposit the amount at the time of filing of income tax returns in December 2022

Updated 26 Jun, 2022 01:59pm

FBR reduces CVT on vehicles under amended Finance Bill 2022

ISLAMABAD: The Federal Board of Revenue (FBR) has reduced the capital value tax (CVT) on vehicles from two percent...

Updated 26 Jun, 2022 09:59am

FSC judgement in riba case: SBP says has moved SC for guidance

KARACHI: The State Bank Pakistan (SBP) on Saturday announced that it has approached the Supreme Court for guidance...

Updated 26 Jun, 2022 10:45am

ECC approves Rs17bn for RLNG-based power plants

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has reportedly approved Rs17 billion for...

Updated 26 Jun, 2022 08:48am

IK moves SC against NAB law amendment

ISLAMABAD: The Pakistan Tehrik-e-Insaf (PTI) Chairman, Imran Khan, on Saturday, filed a petition in the Supreme ...

Updated 26 Jun, 2022 08:49am

Punjab govt likely to extend subsidy to power consumers using 100 units per month

ISLAMABAD: The Punjab government is likely to extend the subsidy to electricity consumers using 100 units monthly...

Updated 26 Jun, 2022 08:50am

PTI’s ‘power show’ on July 2

ISLAMABAD: Former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Saturday announced a...

Updated 26 Jun, 2022 08:51am

AJK govt presents Rs163.7bn budget

MUZAFFARABAD: Azad Jammu and Kashmir (AJK) government on Saturday presented its budget for the fiscal year 2022/23...

Updated 26 Jun, 2022 08:52am

LG polls in 14 districts of Sindh today

ISLAMABAD: All eyes are on Sindh Sunday (June 26) where 20,352 out of 21,298 candidates are in run for 5,331 out of...

Updated 26 Jun, 2022 10:46am

‘Turnaround Conference’ to be held on 28th

ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that a Turnaround Conference...

Updated 26 Jun, 2022 08:54am

Virtual address at CHOGM: PM pledges to equip youth with modern education

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif Saturday expressed the resolve to take all such measures that ...

Updated 26 Jun, 2022 08:55am

Bankrupt Sri Lanka runs out of fuel

COLOMBO: Sri Lanka has virtually run out of petrol and diesel after several expected shipments were delayed...

Updated 26 Jun, 2022 09:50am

Pakistan opposes India’s bid to host G-20 summit in IIOJK

ISLAMABAD: Pakistan on Saturday strongly opposed India’s bid to host the forthcoming G-20 summit in the illegally...

Published 26 Jun, 2022 05:44am

One fined Rs0.2m: PTA directs two big CMOs to comply with QoS standards

ISLAMABAD: Pakistan Telecommunication Authority (PTA) has warned two major telecom operators with the direction to...

Published 26 Jun, 2022 05:44am

Draft regulatory framework notified by SECP: Listed cos may raise funds in the form of convertible debt

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) Saturday issued a regulatory framework for...

Published 26 Jun, 2022 05:44am

President accepts resignation of GB Governor

ISLAMABAD: President Dr Arif Alvi Saturday accepted resignation of Governor Gilgit-Baltistan Raja Jalal Hussain...

Published 26 Jun, 2022 05:44am

Biden signs first significant US gun control law in decades

WASHINGTON: President Joe Biden on Saturday signed into law the first significant federal bill on gun safety in...

Published 26 Jun, 2022 05:44am

Faruqui recommended for NPGCL CEO’s slot

ISLAMABAD: The Board of Directors (BoD) of Northern Power Generation Company (NPGCL) Muzaffargarh has recommended...

Published 26 Jun, 2022 05:44am

Theatre of the absurd

EDITORIAL: Punjab’s politics has resembled a street circus for too long now. It’s up to the honourable court to...

Published 26 Jun, 2022 05:44am

Met office’s warning

EDITORIAL: National and provincial disaster authorities (NDMA and PMDAs) have been given the usual directives to ...

Published 26 Jun, 2022 05:44am

Commodities

Significant increase in prices of kitchen items recorded

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

Published 26 Jun, 2022 05:44am

Commodities

Zinc’s turn to feel the squeeze as LME stocks evaporate

LONDON: London Metal Exchange (LME) zinc stocks have been raided this week, leaving available inventory close to...

Published 26 Jun, 2022 05:44am

Commodities

Tin price plunges

LONDON: Tin prices fell by almost 15% on Friday, taking losses this week to about 25%, as investors fear that ...

Published 26 Jun, 2022 05:44am

Commodities

Global aluminium production pendulum swings back to China

LONDON: China produced a record 3.42 million tonnes of primary aluminium in May as the country’s smelters continue...

Published 26 Jun, 2022 05:44am

Commodities

Japanese rubber futures firm

SINGAPORE: Japanese rubber futures were steady on Friday, as concerns over higher domestic inflation offset hopes of...

Published 26 Jun, 2022 05:44am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 25, 2022)....

Published 26 Jun, 2022 05:44am

Cotton & Textile

Spot rate loses around Rs1800 per maund during week

LAHORE: The Spot Rate Committee of the Karachi Cotton Association on Saturday decreased the spot rate by Rs 700 per...

Published 26 Jun, 2022 05:44am

Taxes

‘No electronic selection of tax cases for audit during FY2021-22 by FBR’

LAHORE: The Federal Board of Revenue (FBR) had not selected tax cases for audit electronically during the fiscal ...

Published 26 Jun, 2022 05:44am

Taxes

FTO disposes of 2,500 complaints in nine months

LAHORE: Federal Tax Ombudsman (FTO) Dr Muhammad Asif Jah has disposed of 2,500 complaints in nine months of his...

Published 26 Jun, 2022 05:44am

Taxes

Under amended finance bill: Scope of IT and IT-enabled services expanded

ISLAMABAD: The Federal Board of Revenue (FBR) has expanded the scope of the definition of IT and IT-enabled services...

Published 26 Jun, 2022 05:44am

Businessmen strongly react to supertax on large-scale industries

FPCCI former president says the unwise decision will push Pakistan further into an economic crisis

Updated 26 Jun, 2022 09:08am

Malaysia plans record $18bn subsidy spend in inflation fight

KUALA LUMPUR: Malaysia is expected to spend 77.3 billion ringgit ($17.6 billion) in subsidies and cash aid this ...

Published 26 Jun, 2022 05:44am

Taxes

PHMA chairman slams 10pc supertax on major industries

FAISALABAD: Mian Kashif Zia Chairman of the Pakistan Hosiery Manufacturers and Exporters Association (North Zone),...

Published 26 Jun, 2022 05:44am

Industry

PMPMA supports Miftah’s decisions for economic revival

ISLAMABAD: The Pakistan Mobile Phone Manufacturers Association (PMPMA) has fully supported the tough decisions taken...

Published 26 Jun, 2022 05:44am

Money & Banking

RBI Asia Trailblazer Awards: MMBL wins title of ‘Best Retail Bank in Pakistan’

ISLAMABAD: The Mobilink Microfinance Bank Limited (MMBL), Pakistan’s largest digital bank, has been recognised for...

Published 26 Jun, 2022 05:44am

Industry

‘Vast avenues available to promote Pak-KSA trade ties’

KARACHI: Special Assistant to CM Sindh on Investment Department and Public Private Partnership Projects (ID-PPPP)...

Published 26 Jun, 2022 05:44am

Money & Banking

Global M&A braces for dry spell

LONDON/NEW YORK: Global dealmaking is entering an arid season as raging inflation and a stock market rout curb the...

Published 26 Jun, 2022 05:44am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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