News Archives for Print - 2022-09-05

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Print - 2022-09-05

Industry

Economic losses to surpass $12bn mark: A food crisis brewing: BMP

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) on Sunday warned...

Published 05 Sep, 2022 08:12am

JICA hands relief goods over to NDMA

ISLAMABAD: Japan has handed over emergency relief goods comprising on tents and plastic sheets to the National...

Published 05 Sep, 2022 08:09am

USA

Trump’s QAnon posts highlight Truth Social’s extremist presence

WASHINGTON: Donald Trump promised his Truth Social platform would offer a home for free speech, an unfiltered way to...

Published 05 Sep, 2022 08:07am

Energy

Russia signals opposition to potential OPEC+ oil output cut: WSJ

MOSCOW: Russia does not support an oil production cut at this time and it is likely OPEC+ will keep its output ...

Published 05 Sep, 2022 08:05am

Companies

Baidu reports 5pc YoY decrease in Q2 revenue

BEIJING: Chinese internet giant Baidu Inc. on Tuesday announced second-quarter revenues of 29.6 billion yuan ($4.3...

Published 05 Sep, 2022 08:03am

Industry

Two more European firms to exit Russia

PARIS: Swedish home appliance giant Electrolux and French industrial gas company Air Liquide both announced plans to...

Published 05 Sep, 2022 08:02am

Arts

K-pop, K-drama... K-art. Frieze fair lands in Seoul

SEOUL: The art world landed in Seoul this week for the inaugural edition of Frieze in Asia, as the vibrant South...

Published 05 Sep, 2022 07:57am

Russian firm Lukoil says chairman dies after ‘serious illness’

MOSCOW: Russian energy firm Lukoil said Thursday its chairman Ravil Maganov had passed away following a “serious...

Published 05 Sep, 2022 07:53am

Europe

Ukraine PM visits Berlin, seeking more weapons

BERLIN: Ukraine’s Prime Minister Denys Shmygal on Sunday voiced hopes that Germany would become a leading player...

Published 05 Sep, 2022 07:51am

Europe

Zelenskiy warns Europeans to brace for bleak winter

KYIV: Ukrainian President Volodymyr Zelenskiy has told Europeans to expect a difficult winter as the Russian assault...

Published 05 Sep, 2022 07:47am

Chile votes on overhaul of dictatorship-era constitution

SANTIAGO: Chileans voted Sunday on whether to adopt a new constitution that would break from the era of Augusto...

Published 05 Sep, 2022 07:46am

Energy

Swiss steel mill readies for shorter hours as energy bills soar

ZURICH: Swiss steel mill Stahl Gerlafingen has gained regulatory approval to put staff on shorter working hours to...

Published 05 Sep, 2022 07:42am

Energy

Sweden, Finland to offer liquidity guarantees to energy firms

STOCKHOLM/HEL-SINKI: Finland and Sweden on Sunday announced plans to offer billions of dollars in liquidity...

Published 05 Sep, 2022 07:37am

Turkey sees inflation at 65pc at 2022 end, C/A deficit at $47.3bn

ISTANBUL, Sept 4 (Reuters) - Turkey expects inflation to ease to 65% by the end of the year from nearly 80% in July,...

Published 05 Sep, 2022 07:34am

Industry

No time to waste, worried Italian business leaders warn politicians

CERNOBBIO, (Italy): Italy cannot afford weeks of political inertia after an election this month, business chiefs...

Published 05 Sep, 2022 07:31am

Europe

UK PM favourite Truss promises immediate action on energy

LONDON: British foreign minister Liz Truss said on Sunday she would set out immediate action in her first week in...

Published 05 Sep, 2022 07:30am

Commodities

Prices of daily food items increase sharply

PESHAWAR: Prices of daily kitchen items, including vegetables, live chicken/meat, pulses, flour, cooking oil, ghee,...

Published 05 Sep, 2022 07:28am

Tourists barred from entering flood-hit Mohenjo-daro

MOHENJO-DARO: keeping in view that the heritage site of Mohenjo-daro situated on the right bank of Indus River is...

Published 05 Sep, 2022 07:27am

Zaheer Abbas released from hospital

KARACHI: Pakistan’s former captain and former ICC President Zaheer Abbas has was released from Hammersmith ...

Published 05 Sep, 2022 07:21am

PM thanks Rahim Aga Khan for $10m aid for flood victims

LAHORE: Prime Minister Shehbaz Sharif held a telephonic conversation with Prince Rahim Aga Khan, son of Aga Khan and...

Published 05 Sep, 2022 07:20am

Ashrafi urges key figures to support flood victims

ISLAMABAD: Prime Minister’s Special Representative for Interfaith Harmony and Middle East Hafiz Muhammad Tahir...

Published 05 Sep, 2022 07:18am

Flood-affected people: Qatari emir assures PM of support

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif held a telephonic conversation with Emir of the State of Qatar...

Published 05 Sep, 2022 07:18am

IPPA postpones glitzy ceremony

KARACHI: Fifth International Pakistan Prestige Awards (IPPA) ceremony, organized by founders Ali Malik and Mukhtar...

Published 05 Sep, 2022 07:16am

Industry

Railways to get 50 new coaches from China in December

ISLAMABAD: Pakistan Railways would receive first batch of 50 new coaches from China in December to upgrade current...

Published 05 Sep, 2022 07:11am

Rates

PKR remains largely stable

KARACHI: The rupee remained largely stable during the previous week, gaining 0.8% against the US dollar as the ...

Published 05 Sep, 2022 07:10am

Cyrus Mistry dies in road accident

MUMBAI: Cyrus Mistry, the 54-year-old former chairman of Indian conglomerate Tata Sons, died in a road accident near...

Published 05 Sep, 2022 07:09am

First Turkish warship in over decade docks in Israel

HAIFA, (Israel): A Turkish warship docked in Israel over the weekend for the first time since 2010, amid improving...

Published 05 Sep, 2022 07:02am

Hamas authorities execute five Palestinians in Gaza

GAZA: Gaza’s ruling Hamas Islamists executed five Palestinians on Sunday, two of them on charges of espionage for...

Published 05 Sep, 2022 06:56am

EU gas markets brace for price surge

BRUSSELS: European Union countries’ energy ministers will discuss options to rein in soaring energy prices...

Published 05 Sep, 2022 06:52am

Bed Bath & Beyond CFO plunges to death at New York’s Jenga tower

NEW YORK: Bed Bath & Beyond Inc’s chief financial officer fell to his death from New York’s Tribeca...

Published 05 Sep, 2022 06:52am

Electricity bills: Ministry notifies up to 300 units relief

ISLAMABD: Ministry of Energy has started implementing relief announced by Prime Minister Shehbaz Sharif to the...

Published 05 Sep, 2022 06:52am

Iran announces defence system against chemical, biological ‘threats’

TEHRAN: Iranian authorities have introduced defence systems in 51 cities to counter “biological, radiological and...

Published 05 Sep, 2022 06:52am

‘Registering 0.3m new taxpayers is unrealistic target’

ISLAMABAD: The government’s commitment with the International Monetary Fund (IMF) to register 0.3 million more...

Published 05 Sep, 2022 06:37am

Small-plane pilot held after threat to crash into US store

WASHINGTON: A pilot who had threatened to crash his small plane into a Walmart store in the US state of Mississippi...

Published 05 Sep, 2022 06:34am

Perfect Nadal, battling Swiatek into US Open fourth round

NEW YORK: Rafael Nadal defeated close friend Richard Gasquet for the 18th time to reach the US Open fourth round on...

Published 05 Sep, 2022 06:04am

Kohli is vital for India, don’t get obsessed with stats: Dravid

DUBAI: Virat Kohli remains a key player for India, said head coach Rahul Dravid, who is happy with the refreshed...

Published 05 Sep, 2022 06:04am

Antony scores on debut as Man Utd end Arsenal’s perfect start

LONDON: Antony scored on a dream debut for Manchester United as the Brazilian’s clinical strike and Marcus...

Published 05 Sep, 2022 06:04am

Islamabad Golf Club lifts Inter Club Team Tournament title

ISLAMABAD: Islamabad Golf Club won the Inter Club Team Tournament at the end of two rounds with a net score of 408 ...

Published 05 Sep, 2022 06:04am

50 years to agree Olympic attack recompense ‘shameful’: German president

BERLIN: Germany’s President Frank-Walter Steinmeier admitted on Sunday it was “shameful” that it took five...

Published 05 Sep, 2022 06:04am

Cycling: Arensman wins mountain Vuelta stage as Evenepoel loses more time

MADRID: Thymen Arensman rode away from the remains of a breakaway to win on the tough climb up the Sierra Nevada on...

Published 05 Sep, 2022 06:04am

Bangladesh’s Mushfiqur retires from T20 internationals

DHAKA: Former Bangladesh captain Mushfiqur Rahim announced his retirement from Twenty20 international cricket on...

Published 05 Sep, 2022 06:04am

Women players need better safeguarding, says Azarenka

NEW YORK: Victoria Azarenka said tennis needs to do a better job of protecting women players after the former coach...

Published 05 Sep, 2022 06:04am

Sole survivor Alcaraz into US Open last 16 with season-leading win

NEW YORK: Spanish teenager Carlos Alcaraz claimed a season-leading 47th win of the year on Saturday as he marched...

Published 05 Sep, 2022 06:04am

The Weather

KARACHI: The weather report on Sunday (September 04, 2022) and the forecast for Monday (September 05, 2022)....

Published 05 Sep, 2022 06:04am

Rates

PSX witnesses volatile activity

KARACHI: Despite revival of IMF programme and release of first tranche of $1.6 billion, the Pakistan Stock Exchange...

Published 05 Sep, 2022 06:04am

Rates

Futures spread down 485bps

KARACHI: The futures spread increased by 485bps to 13.28 percent on the last day of the outgoing week. Trading...

Published 05 Sep, 2022 06:04am

UAE plane carrying relief goods reaches Lahore

LAHORE: A special plane of the United Arab Emirates (UAE) carrying relief goods reached the Allama Iqbal...

Published 05 Sep, 2022 06:04am

Women affected by floods: Pakistan urges UNFPA to scale up emergency response

UNITED NATIONS: A top Pakistani diplomat has urged the United Nations Population Fund (UNFPA) to scale up its...

Published 05 Sep, 2022 06:04am

PMD predicts more rains for AJK, KP and Punjab

ISLAMABAD: Rain-wind/thundershower (isolated heavy falls) is expected in Kashmir, upper Khyber Pakhtunkhwa, upper...

Published 05 Sep, 2022 06:04am

US delegation visits flood-hit Dadu

ISLAMABAD: A five-member delegation from the United States headed by Congresswoman Sheila Jackson Lee has visited...

Published 05 Sep, 2022 06:04am

Rashid says Imran to give ‘long march’ call

ISLAMABAD: Awami Muslim League (AML) chief Sheikh Rashid Ahmad on Sunday announced that Pakistan Tehreek-e-Insaf...

Published 05 Sep, 2022 06:04am

289 dead, 348 hurt in rain-, flood-related incidents in KP: PDMA

PESHAWAR: Provincial Disaster Management Authority (PDMA) has said that since June 14 this year, 289 people have ...

Published 05 Sep, 2022 06:04am

Illegal construction: SHC orders SBCA to initiate probe

KARACHI: The Sindh High Court (SHC) on Sunday ordered the Sindh Building Control Authority (SBCA) Director General ...

Published 05 Sep, 2022 06:04am

Lahore police recover over Rs100m from 6,671 criminals in August

LAHORE: The Lahore police have made a recovery of over Rs100 million by arresting 6671 criminals involved in...

Published 05 Sep, 2022 06:04am

Experts warn of new challenges in ties with Afghanistan

ISLAMABAD: Pakistan’s relations with neighbouring Afghanistan are facing some new challenges over the last one ...

Published 05 Sep, 2022 06:04am

Rehabilitation of flood-hit areas: Balochistan seeks more aid from govt, donor agencies

ISLAMABAD: Balochistan Minister for Agriculture and Cooperative Mir Asadullah Baloch on Sunday appreciated Prime...

Published 05 Sep, 2022 06:04am

Floods wash away a girl’s marriage hopes

FAZILPUR: Truck driver and father-of-seven Mureed Hussain was planning for his daughter’s October wedding when...

Published 05 Sep, 2022 06:04am

Fatima Bhutto exhorts wealthy nations to help flood-hit Pakistan

NEW YORK: Well-known writer and author Fatima Bhutto has described as “climate refugees” the 33 million people...

Published 05 Sep, 2022 06:04am

LCCI team, PM discuss flood relief work

LAHORE: Prime Minister Shehbaz Sharif here on Sunday met a delegation of Lahore Chamber of Commerce and Industry...

Published 05 Sep, 2022 06:04am

Flood-hit areas: Navy deploys hovercraft, helicopters

KARACHI: Pakistan Navy relief and rescue operations are continued in different flood affected areas of Sindh, Punjab...

Published 05 Sep, 2022 06:04am

US Congress members arrive to assess flood damages

ISLAMABAD: Two members of the US Congress Sheila Jackson and Tom Suozzi arrived in Pakistan on Sunday to show...

Published 05 Sep, 2022 06:04am

AGP detects payment of ‘extraordinary allowances’ to employees in KP

PESHAWAR: The Auditor General of Pakistan (AGP) has unearthed the payment of extra-ordinary allowances to the tone ...

Published 05 Sep, 2022 06:04am

Flood victims: Sindh IG orders establishment of check posts on Indus Highway

LARKANA: Inspector General of Police Sindh Ghulam Nabi Memon directed the police officers to establish police check...

Published 05 Sep, 2022 06:04am

‘PSP to ensure supply of additional water if given mandate’

KARACHI: Pak Sarzameen Party (PSP) Chairman Syed Mustafa Kamal on Sunday said that if Karachi gives mandate to PSP,...

Published 05 Sep, 2022 06:04am

Encroachments on drains cause flash floods: SAB

HYDERABAD: The Sindh Abadgar Board considers encroachment on the natural drains across Sindh as one of the reasons...

Published 05 Sep, 2022 06:04am

Khuhro terms Kalabagh dam a ‘killer’ project

LARKANA: Pakistan People’s Party (PPP) Sindh President Senator Nisar Ahmad Khuhro said on Sunday that Kalabagh dam...

Published 05 Sep, 2022 06:04am

Six killed over property dispute in Karak

ISLAMABAD: At least six people were killed while four others sustained injuries over a property dispute in Karak...

Published 05 Sep, 2022 06:04am

PTI denies secret contacts between IK, Nawaz

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) spokesperson Fawad Chaudhry has denied reports of “behind-the-scenes”...

Published 05 Sep, 2022 06:04am

Energy

Fesco releases over 40,000 electricity meters for consumers: CEO

FAISALABAD: An e-Kachhari was organised on Facebook at Fesco headquarters to listen to customer issues. The Chief...

Published 05 Sep, 2022 06:04am

Medical camps of health dept: Around 595,000 flood-hit patients treated, says report

HYDERABAD: The mobiles and fixed medical camps of Sindh Health Department provided treatment to around 595,000 rain...

Published 05 Sep, 2022 06:04am

Balochistan schools, colleges reopen today

QUETTA: Educational institutions across Balochistan will reopen today; weeks after the devastating floods wreak ...

Published 05 Sep, 2022 06:04am

Malaysia is becoming hub of higher education: minister

LAHORE: Provincial Health Minister Dr Yasmin Rashid has said that it is encouraging that Malaysia is becoming the...

Published 05 Sep, 2022 06:04am

Floodwater channels: Crackdown against illegal construction in Balochistan

QUETTA: In a bid to diminish the human and structure losses in future, the Balochistan government has launched a...

Published 05 Sep, 2022 06:04am

Understanding the IMF

The International Monetary Fund (IMF) made no mention of the devastating floods in Pakistan in its press release...

Published 05 Sep, 2022 06:04am

Solar power – tread with care

The government is planning in haste to install 10,000 MW solar energy projects. The premise presented is to lower ...

Published 05 Sep, 2022 06:04am

Money transfer firms replace banks in crisis-hit Lebanon

Like many people in crisis-hit Lebanon, Elias Skaff used to wait for hours to withdraw cash at the bank but now...

Published 05 Sep, 2022 06:04am

Stocks

Wall St ends week on down note as jobs report gain fade

NEW YORK: US stocks closed out the trading week on a down note on Friday, as early gains from a jobs report that...

Published 05 Sep, 2022 06:04am

Stocks

UK equities mark weekly declines

LONDON: UK stocks closed higher on Friday but fears around surging inflation, a looming recession and the policy...

Published 05 Sep, 2022 06:04am

Stocks

European shares end five-day losing streak

LONDON: European stocks rose 2% on Friday, clocking gains for the first time in six days after key US jobs data ...

Published 05 Sep, 2022 06:04am

Stocks

Wall Street Week Ahead: Defensives, energy, dividend plays gain favour as market swoons anew

NEW YORK: Fresh volatility in US stocks is pushing some investors to hunker down in areas of the market that have...

Published 05 Sep, 2022 06:04am

Stocks

US yields fall from highs

NEW YORK: Yields of short-term US Treasuries fell from multiyear highs on Friday after a closely watched employment...

Published 05 Sep, 2022 06:04am

Stocks

Saudi gains ahead of OPEC+ meet as oil prices climb

DUBAI: Saudi Arabia’s stock market ended higher on Sunday as oil prices rose ahead of Monday’s OPEC+ meeting,...

Published 05 Sep, 2022 06:04am

Stocks

Russian stocks hit over 3-month high, rouble hovers near 60 vs dollar

MOSCOW: Russia’s benchmark MOEX stock index climbed to its highest in more than three months on Friday, as...

Published 05 Sep, 2022 06:04am

Sarhad chamber sets up flood relief fund

PESHAWAR: The Sarhad Chamber of Commerce and Industry (SCCI) has established a relief fund for rehabilitation of the...

Published 05 Sep, 2022 06:04am

Relief goods: 2 killed after truck overturns

BADIN: A truck loaded with relief supplies for the flood victims overturned in Badin on Sunday, resulting in death ...

Published 05 Sep, 2022 06:04am

CS reviews relief and rehabilitation work in flood-hit areas

LAHORE: Chief Secretary Kamran Ali Afzal visited Dera Ghazi Khan and reviewed the relief and rehabilitation work in...

Published 05 Sep, 2022 06:04am

Access to ‘Model Prison’ through motorway: Proposal under consideration

ISLAMABAD: Ministry of Interior has proposed National Highway Authority (NHA) to create an interchange or link road...

Published 05 Sep, 2022 06:04am

Climate change policy, action plan approved by KP CM

PESHAWAR: Khyber Pakhtunkhwa Chief Minister, Mahmood Khan has formally approved the Khyber Pakhtunkhwa Climate ...

Published 05 Sep, 2022 06:04am

Investment proposal floated as Qatar declines deposit plea

Minister for Economic Affairs Ayaz Sadiq floats alternate proposal of investment of $2-3 billion

Updated 05 Sep, 2022 10:11am

Thus far, $10bn losses caused by floods: Miftah

Industry

Collection of FPA: Industrialists threaten to shut down units

PESHAWAR: Factory owners here on Sunday warned to shut down industrial units and stage a sit-in on main Grand Trunk...

Published 05 Sep, 2022 06:04am

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
FTSE 100 / Jan 20	8,520.54
Germany DAX 30 / Jan 20	20,990.31
France CAC40 / Jan 20	7,733.50
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98

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%)
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%)
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	3.74 ▲ 0.34 (10.00%)
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%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	77.59 ▲ 7.05 (9.99%)
Shadman Cotton / Jan 21 Shadman Cotton Mills Limited(SHCM)	31.82 ▲ 2.89 (9.99%)
F.Credit & Inv / Jan 21 First Credit and Investment Bank Limited(FCIBL)	8.20 ▲ 0.74 (9.92%)

Stock	Price
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	22.51 ▼ -2.48 (-9.92%)
Fateh Sports / Jan 21 Fateh Sports Wear Limited(FSWL)	72.50 ▼ -6.07 (-7.73%)
Kohat Textile / Jan 21 Kohat Textile Mills Limited(KOHTM)	32.32 ▼ -2.58 (-7.39%)
Punjab Oil / Jan 21 Punjab Oil Mills Limited(POML)	147 ▼ -11.02 (-6.97%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9.15 ▼ -0.66 (-6.73%)
Parmount Sp. / Jan 21 Paramount Spinning Mills Limited(PASM)	4.30 ▼ -0.31 (-6.72%)
Suhail Jute / Jan 21 Suhail Jute Mills Limited(SUHJ)	106 ▼ -7.47 (-6.58%)
GOC (Pak) / Jan 21 GOC (Pak) Limited.(GOC)	64.99 ▼ -4.10 (-5.93%)
Prosperity Weav / Jan 21 Prosperity Weaving Mills Limited(PRWM)	35 ▼ -2.00 (-5.41%)

Stock	Volume
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▲ 0.02
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	57,800,421 ▲ 0.34
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	56,891,848 ▼ -0.02
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	36,276,680 ▲ 1.65
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	27,971,240 ▲ 0.28
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.13
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -1.13
Hub Power Co. / Jan 21 The Hub Power Company Limited(HUBC)	21,405,956 ▼ -2.79
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	19,827,701 ▲ 2.80

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