News Archives for Print - 2022-07-03

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Print - 2022-07-03

Industry

‘Rising inflation resulting in great hardship for people’

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

Published 03 Jul, 2022 07:10am

MoITT, PITB discuss strategies for various IT sector initiatives

ISLAMABAD: Federal Minister for Information Technology and Telecommunication Syed Aminul Haque, Friday, presided ...

Published 03 Jul, 2022 07:10am

Illicit goods worth Rs60m seized during last week

KARACHI: The crackdown against the smuggling of contraband goods to and from Pakistan is in full swing as the ...

Published 03 Jul, 2022 07:10am

Capital witnesses increase in cases of car- snatching, robbery

ISLAMABAD: The federal capital witnessed an increase in car lifting and snatching incidents as over 64 people were...

Published 03 Jul, 2022 07:10am

Aziz Memon accepts invitation to join QMGPI’s advisory board

KARACHI: Aziz Memon, a venerated entrepreneur and philanthropist, has accepted the invitation to join the Advisory...

Published 03 Jul, 2022 06:57am

Companies

Engro Fertilisers eleases its first sustainability report

KARACHI: Engro Fertilisers has released its first-ever sustainability report to highlight the company’s progress...

Published 03 Jul, 2022 06:57am

SBP’s initiatives for agri-financing lauded

KARACHI: SBP’s various initiatives for promotion and development of agriculture financing in the country is highly...

Published 03 Jul, 2022 06:40am

PBA condemns attack on senior journalist

KARACHI: In a statement issued in Karachi on Saturday, the PBA strongly condemned the attack on senior journalist...

Published 03 Jul, 2022 06:40am

Commodities

Farmers for introducing high-yield hybrid seeds of maize, sunflower

ISLAMABAD: Farmers have requested the government to introduce high-yield hybrid seeds of maize and sunflower, and...

Published 03 Jul, 2022 06:40am

‘Unavailability of water at right time in required quantity real threat to agriculture’

Dr Anjum Ali says Pakistan needs to develop farm water storage

Updated 03 Jul, 2022 09:48am

Energy

Efforts on to generate electricity from renewable resources: Musadik

ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik says the government is striving hard to generate extra...

Published 03 Jul, 2022 06:29am

Money & Banking

MMBL signs MoU on Term Life Insurance with Adamjee Life

ISLAMABAD: Mobilink Microfinance Bank (MMBL), Pakistan’s Largest Digital Bank has signed a Term Life Insurance...

Published 03 Jul, 2022 06:29am

Customs collector at Port Qasim lauds efforts of officers, staff

ISLAMABAD: Collector, Customs Appraisement, Port Muhammad Bin Qasim, Arshad Jawwad has appreciated officers and ...

Published 03 Jul, 2022 06:29am

30 Lesco employees retire

LAHORE: As many as 30 employees of Lahore Electric Supply Company (Lesco) retired from service after attaining...

Published 03 Jul, 2022 06:29am

Call for collective efforts to avoid dengue

LAHORE: Terming dengue as a social problem, Post Graduate Medical Institute (PGMI/LGH) Principal Prof Dr Muhammad...

Published 03 Jul, 2022 06:29am

Murad, Sherry agree to launch eco-tourism projects in Sindh

KARACHI: Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Environment & Climate Change Sherry...

Published 03 Jul, 2022 06:29am

Cleanliness arrangements: Punjab CM approves final plan for Eid-ul-Azha

LAHORE: Chief Minister Punjab Hamza Shehbaz took a briefing about cleanliness arrangements for Eid-ul-Azha and...

Published 03 Jul, 2022 06:29am

Punjab governor for carrying forward good policies of previous govt

Says despite difficult conditions, business community playing an active role in the economic development of the country

Updated 03 Jul, 2022 09:45am

Industry

Expansion of Serena Hotels to develop tourism in KP

ISLAMABAD: Tourism Promotion Services (Pak) Limited has entered into a Business Sale Agreement with Pakistan ...

Published 03 Jul, 2022 06:12am

Jul-May 2021-22: Pakistan’s exports to US increase by 23pc

ISLAMABAD: Pakistan’s year-on-year exports to the United States have increased by 23%. Last year, the total volume...

Published 03 Jul, 2022 06:12am

Senior US official holds talks on ties during visit

ISLAMABAD: The United States Assistant Secretary of State for International Narcotics and Law Enforcement Affairs...

Published 03 Jul, 2022 06:12am

Saad Rafique meets PM in Lahore

LAHORE: Minister for Railways Khawaja Saad Rafique called on Prime Minister Shehbaz Sharif, here on Saturday and...

Published 03 Jul, 2022 06:12am

Shazia Marri condemns attack on Ayaz Amir

ISLAMABAD: Federal Minister for Poverty Alleviation and Social Safety, and Central Information Secretary of PPP-P...

Published 03 Jul, 2022 06:12am

PDMA assigns category-B status to Lahore district

LAHORE: The Punjab Disaster Management Authority (PDMA) has assigned category-B status to the district Lahore as far...

Published 03 Jul, 2022 06:12am

Renewal of B1/B2 tourist, business visas: US expands interview waiver for Pakistanis

ISLAMABAD: The United States has expanded the interview waiver eligibility at the US Embassy in Islamabad and the US...

Updated 03 Jul, 2022 09:24am

Oil, gas, wheat: Future of Pakistan tied to Russia, says Imran

ISLAMABAD: Former prime minister Imran Khan has refused to condemn the Russian war on Ukraine, saying Islamabad’s...

Updated 03 Jul, 2022 09:25am

Private sector wage payments: Digitalisation to boost account ownership: World Bank

ISLAMABAD: Digitalizing private sector wage payments in Pakistan would result in a 13 percentage point increase in...

Updated 03 Jul, 2022 09:26am

NBFCs disburse cumulative loan of Rs13bn in 2 years

ISLAMABAD: Despite Covid-19 and other technical hurdles, the newly licensed digital lending fintech Non-Banking...

Updated 03 Jul, 2022 09:27am

Pharma raw materials: No input tax adjustment after 1pc GST payment: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has denied input tax adjustment facility, from July 1, 2022, to the...

Updated 03 Jul, 2022 09:27am

Inter-ministerial body to formulate new Toshakhana policy

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted an inter-ministerial committee to formulate a new ...

Updated 03 Jul, 2022 09:29am

Russia reduces sunflower oil export tax sharply to support exports

MOSCOW: Sanctions-hit Russia has reduced its sunflower oil export tax sharply after changing the formula it uses for...

Updated 03 Jul, 2022 09:30am

Session for CM re-election: Punjab PA deputy speaker ordered to issue notification

ISLAMABAD: The Supreme Court directed the Punjab Assembly Deputy Speaker, Dost Muhammad Mazari, to issue a formal...

Updated 03 Jul, 2022 09:30am

Payment of Sinosure fees: PPIB requests SBP to make forex available to PMLTC

ISLAMABAD: Private Power & Infrastructure Board (PPIB) has requested the State Bank of Pakistan (SBP) to make...

Updated 03 Jul, 2022 09:42am

Air travel FED not applicable on tickets issued before July 1: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) announced Saturday night that the enhanced rate of the Federal Excise...

Published 03 Jul, 2022 05:39am

Irked by FED collection, PM orders investigation

ISLAMABAD: Prime Minister Shehbaz Sharif has taken notice of collection of Rs50,000 federal excise duty (FED) from...

Published 03 Jul, 2022 05:39am

WJP index based on perception, not real data: LJCP

ISLAMABAD: The Law and Justice Commission of Pakistan (LJCP) said that the World Justice Project (WJP), “Rule of...

Published 03 Jul, 2022 05:39am

Dozens missing in shipwreck during South China Sea typhoon

HONG KONG: More than two dozen crew members are unaccounted for after their ship broke into two during a typhoon in...

Published 03 Jul, 2022 05:39am

Second Russian scientist detained on treason charges

TASS MOSCOW: Russia has detained a second scientist in the Siberian city of Novosibirsk on suspicion of state ...

Published 03 Jul, 2022 05:39am

Afghan clerics vow loyalty to Taliban, but no word on girls’ schooling

KABUL: Thousands of Afghan clerics pledged loyalty to the Taliban Saturday, but ended a three-day meeting without...

Published 03 Jul, 2022 05:39am

Alvi directs bank to refund ‘defrauded’ money to accountholder

ISLAMABAD: President Dr Arif Alvi has directed a bank to refund ‘defrauded’ money to a senior citizen who was...

Published 03 Jul, 2022 05:39am

Commodities

Gold prices up

KARACHI: Gold prices on Saturday saw some gains in the local market, traders said. They went up by Rs600 to Rs141700...

Published 03 Jul, 2022 05:39am

FATF and its impact on country’s economy

Pakistan has gone through so many challenges and adversaries in its relatively short life span of 75 years that it ...

Published 03 Jul, 2022 05:39am

Covid air war being lost, experts warn, urging mass ventilation

The world is still not using one of its most effective weapons against Covid — properly ventilating public spaces...

Published 03 Jul, 2022 05:39am

Outgunned island states vow to fight deep-sea mining

A handful of postage-stamp nations in the South Pacific launched an uphill battle this week against the deep-sea...

Published 03 Jul, 2022 05:39am

Letters

Covid-19 flaring again

It is a highly disturbing fact that Pakistan’s city of teeming millions is a witnessing the highest Covid-19...

Published 03 Jul, 2022 05:39am

Imran urges masses to stand up against two families

ISLAMABAD: The former prime minister and chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Friday made it ...

Published 03 Jul, 2022 05:39am

ADB, Punjab join hands to improve LG service delivery

LAHORE: The Asian Development Bank (ADB) and the Punjab government joined hands to improve local government service...

Published 03 Jul, 2022 05:39am

FY 2022: Lahore School of Economics puts GDP growth at 4.05pc

LAHORE: The Lahore School of Economics Modeling Lab’s macro model for the Pakistan economy estimates that GDP...

Published 03 Jul, 2022 05:39am

LUMHS VC inaugurates ‘Paediatric Rehabilitation Centre’

HYDERABAD: Vice Chancellor LUMHS, Prof Dr Ikram Din Ujjan inaugurated the first ever “Paediatric Rehabilitation...

Published 03 Jul, 2022 05:39am

Shujaat condoles with Zardari over death of his mother

LAHORE: President Pakistan Muslim League-Q Ch Shujaat Hussain visited former president Asif Ali Zardari at Bilawal...

Published 03 Jul, 2022 05:39am

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 03 Jul, 2022 05:39am

Sana holds PTI govt responsible for rising POL prices

ISLAMABAD: The increasing fuel prices are due to the wrong decisions and policies of the previous government, which...

Published 03 Jul, 2022 05:39am

Blocking of Twitter accounts in India: Pakistan registers strong protest

ISLAMABAD: Pakistan has registered a strong protest with New Delhi over its recent blocking of Twitter accounts of...

Published 03 Jul, 2022 05:39am

Asia

Uzbekistan announces state of emergency in protest-hit region

TASHKENT: Uzbekistan announced a month-long state of emergency Saturday in an autonomous republic where rare ...

Published 03 Jul, 2022 05:39am

South Asia

India’s monsoon rains 5pc below average so far

NEW DELHI: India’s annual monsoon covered the entire country on Saturday, six days earlier than usual, the...

Published 03 Jul, 2022 05:39am

Energy

Acute gas shortage Hamburg senator warns of hot water rationing

BERLIN: The German city of Hamburg will ration hot water for private households and limit the maximum heating...

Published 03 Jul, 2022 05:39am

Commodities

Indonesia looks to raise palm oil export quota

JAKARTA: Indonesia proposed raising palm oil export quotas on Friday and is considering increasing mandatory levels...

Published 03 Jul, 2022 05:39am

Energy

Australia’s Victoria state looks to wean households off gas

MELBOURNE: Australia’s Victoria government released a plan on Saturday aiming to wean the country’s biggest...

Published 03 Jul, 2022 05:39am

Commodities

Costa Rican coffee exports dip 12pc in June

SAN JOSE: Costa Rican coffee growersexported 11.8% fewer beans in June compared with the same month last year, the...

Published 03 Jul, 2022 05:39am

Grains

Paris wheat slides to four-month low as harvest season weighs

PARIS: Euronext wheat tumbled on Friday to a four-month low as the onset of harvesting in major northern hemisphere...

Published 03 Jul, 2022 05:39am

Energy

Exxon signals operating profits could double over first quarter

HOUSTON: Exxon Mobil Corp on Friday signaled that skyrocketing margins from fuel and crude sales could generate a...

Published 03 Jul, 2022 05:39am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 02, 2022)....

Published 03 Jul, 2022 05:39am

Cotton & Textile

Local cotton market remains easy

LAHORE: The local cotton market on Saturday remained easy and the trading volume remained satisfactory. Cotton...

Published 03 Jul, 2022 05:39am

Rates

Automart: car prices in Karachi

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

Published 03 Jul, 2022 05:39am

The Weather

KARACHI: The weather report on Saturday (Julyl 02, 2022) and the forecast for Sunday (July 03, 2022)....

Published 03 Jul, 2022 05:39am

Rising inflation helps Imran Khan step up pressure on govt

'Is it only my job to fight the menace of corruption,' Imran asks institutions

Updated 03 Jul, 2022 01:39pm

PM Shehbaz for further deepening US-Pak relationship

ISLAMABAD: The Ambassador of the United States to Pakistan, Donald Blome, called on Prime Minister Muhammad Shehbaz...

Updated 03 Jul, 2022 09:24am

Bridging the Gulf

EDITORIAL: After six years of animosity towards each other Iran and Saudi Arabia are about to shake hands, ...

Published 03 Jul, 2022 05:39am

Nabbing beggars’ rackets

EDITORIAL: The poverty in today’s Pakistan is rampant, but the growing number of beggars on the streets has not...

Published 03 Jul, 2022 05:39am

Mob violence

EDITORIAL: Gruesome mob violence on one pretext or another goes on in this country mainly because the perpetrators...

Published 03 Jul, 2022 05:39am

Industry

LCCI chief briefs PIAF team on measures for economic revival

LAHORE: President of the Lahore Chamber of Commerce & Industry, Mian Nauman Kabir while talking to the ...

Published 03 Jul, 2022 05:39am

Industry

Turkey’s trade deficit surges 184pc in June

ISTANBUL: Turkey’s trade deficit jumped 184.3% year-on-year in June to $8.16 billion, the Trade Ministry said on...

Published 03 Jul, 2022 05:39am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	8 ▲ 0.89 (12.52%)
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%)
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%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
Fazal Cloth / Dec 18 Fazal Cloth Mills Limited(FZCM)	163 ▼ -16.55 (-9.22%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.14
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▼ -0.10
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.47
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.00
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.82
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.17
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.09
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -3.62
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.22

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