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 / 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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