News Archives for Print - 2022-10-03

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Print - 2022-10-03

Europe

UK’s Truss tries to reassure on economic plan

BIRMINGHAM: British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she...

Published 03 Oct, 2022 07:35am

Industry

Dubai’s MAF puts district cooling assets sale on hold

DUBAI: Middle East shopping mall developer Majid Al Futtaim (MAF) has decided to put on hold plans to divest its...

Published 03 Oct, 2022 07:29am

USA

Florida, Carolinas face daunting recovery after Hurricane Ian

MIAMI: The remnants of Hurricane Ian drifted through Virginia early on Sunday, while storm-ravaged residents in...

Published 03 Oct, 2022 07:26am

South Asia

26 killed as tractor trailer carrying pilgrims crashes in India

LUCKNOW: A tractor pulling a trolley packed with religious pilgrims in India overturned and plunged into a pond,...

Published 03 Oct, 2022 07:24am

South Asia

Sri Lanka cuts tax on female hygiene products

COLOMBO: Sri Lanka’s government on Sunday cut taxes on female sanitary products in a bid to help women and girls...

Published 03 Oct, 2022 07:17am

Commodities

Prices of essential food items remain high

PESHAWAR: Prices of essential food commodities remained on ‘high-side’ in the local market, according to a ...

Published 03 Oct, 2022 07:10am

Team from army’s School of Artillery visits Cnergyico’s oil refining complex

KARACHI: A delegation from the Pakistan Army’s School of Artillery visited Cnergyico’s oil refining complex...

Published 03 Oct, 2022 07:09am

Industry

TDAP signs cooperation agreement with JETRO

ISLAMABAD: The Trade Development Authority of Pakistan (TDAP) and the Japan External Trade Organization (JETRO)...

Published 03 Oct, 2022 06:59am

Industry

Problems of KP mineral processing sector discussed

PESHAWAR: Special Assistant to CM KP on Industries and Investment, Abdul Karim Tordher, chaired a meeting with...

Published 03 Oct, 2022 06:53am

Cotton & Textile

Weekly Cotton Review: Rates dip amid low market volume

KARACHI: Unprecedented decrease was seen in the rate of cotton in local and international markets, as the rate of...

Published 03 Oct, 2022 06:51am

Getz Pharma partners with NADEP-BIDE

KARACHI: In continuation of its mission to support initiatives that benefit the community and healthcare system, ...

Published 03 Oct, 2022 06:49am

4 ‘terrorists’ killed in encounter with CTD men

NASIRABAD: The Counter-Terrorism Department (CTD) on Sunday claimed to have shot dead four alleged terrorists in...

Published 03 Oct, 2022 06:48am

CM meets Humayun Akhtar

LAHORE: Chief Minister of Punjab Chaudhry Pervaiz Elahi met PTI leader Humayun Akhtar Khan here on Sunday. The...

Published 03 Oct, 2022 06:46am

BMP urges govt to ensure payments for renewable energy in PKR

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

Published 03 Oct, 2022 06:45am

First woman station director at Radio Peshawar felicitated

PESHAWAR: Prominent businessman and president Abassin Column Writers Association Khyber Pakhtunkhwa, Zia ul Haq...

Published 03 Oct, 2022 06:40am

Industry

Visa launches video game to sharpen financial skills of users

KARACHI: With FIFA World Cup excitement heating up, Visa, the official payment technology partner of FIFA, invites...

Published 03 Oct, 2022 06:36am

Industry

New president of FWCCI vows to continue mission

FAISALABAD: Faisalabad Women’s Chamber of Commerce and Industry (FWCCI) leader Nighat Shahid here Sunday greeted...

Published 03 Oct, 2022 06:32am

Old wine in old bottles

Reports indicate that Ishaq Dar’s selling point in being reappointed as the country’s finance minister for the...

Published 03 Oct, 2022 06:16am

‘Environmentally sustainable’ bonds

Pakistan faces a significant challenge to finance its large trade deficits and external debt repayments. This is...

Published 03 Oct, 2022 06:16am

Dar should tread carefully

PML-N’s (Pakistan Muslim League-Nawaz’s) finance czar and rupee-stabiliser, Ishaq Dar, is back in the saddle....

Published 03 Oct, 2022 06:16am

Under water: how the Bank of England threw markets a lifeline

Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday....

Published 03 Oct, 2022 06:16am

Malan, Woakes star in England’s T20I series win

LAHORE: Dawid Malan hit a brilliant half-century and pace bowler Chris Woakes took three wickets as England thrashed...

Published 03 Oct, 2022 05:52am

Iran lawmakers chant ‘thank you, police’ despite growing public fury

DUBAI: Iranian lawmakers chanted “thank you, police” during a parliament session on Sunday, in a show of support...

Published 03 Oct, 2022 05:52am

How did the stolen Bentley reach Karachi from London?

KARACHI: How did this expensive stolen vehicle ‘Bentley Mulsanne’ reach Karachi from London? This is the most...

Updated 03 Oct, 2022 02:12pm

PWE exhibition, conference from 4th

KARACHI: The sixth three-day Pak Water & Energy Expo (PWE), exhibition & conference will be held from ...

Published 03 Oct, 2022 05:52am

Appeal to govts, army, navy: Dewatering of farmlands needed urgently: PDP

KARACHI: Chairman of Pasban Democratic Party (PDP) Altaf Shakoor has demanded of the federal and provincial...

Published 03 Oct, 2022 05:52am

KPC arranges picnic for members, families

KARACHI: On Saturday, a large number of Karachi Press Club members and their families spent the day at Wild Venture...

Published 03 Oct, 2022 05:52am

Germany enhances financial support to €56m for flood victims

ISLAMABAD: German Ambassador to Pakistan Alfred Grannas has announced that Germany scaled up financial assistance to...

Published 03 Oct, 2022 05:52am

CM launches Rs100bn Ehsaas Ration Subsidy Programme

LAHORE: Chief Minister Punjab Chaudhry Pervaiz Elahi has launched Punjab Ehsaas Ration Programme of Rs100 billion....

Published 03 Oct, 2022 05:52am

‘Happy’ Suryakumar helps India clinch T20 series against South Africa

GUWAHATI: India survived an unbeaten 106 by David Miller to clinch their first ever Twenty20 series against South...

Published 03 Oct, 2022 05:52am

Krejcikova defeats home star Kontaveit to claim Tallinn title

TALLINN: Barbora Krejcikova denied top seed Anett Kontaveit a home win at the Tallinn Open on Sunday with the Czech...

Published 03 Oct, 2022 05:52am

Rising tennis star Tiafoe staying focused after ‘crazy month’

TOKYO: Frances Tiafoe on Sunday reflected on a “crazy month” that saw him reach a US Open semi-final and play a...

Published 03 Oct, 2022 05:52am

Haaland hails ‘amazing’ City after United rout

MANCHESTER: Erling Haaland saluted Manchester City’s “amazing” performance as the Norway striker made history...

Published 03 Oct, 2022 05:52am

Tag der Deutschen Einheit Day of German Unity: Message from H.E. Dr. Ruediger Lotz Consul General of Federal Republic of Germany in Karachi

TEXT: On October 3, 1990, the two parts of our country were reunited. This year Germany celebrates the 32nd...

Published 03 Oct, 2022 05:52am

Germany and Pakistan: Bilateral relations

TEXT: Germany and Pakistan have enjoyed close and diverse relations since 1951. In 2021 we celebrated the 70th...

Published 03 Oct, 2022 05:52am

METRO Pakistan (Pvt) Limited

TEXT: METRO Pakistan strengthens the documented economy and is an important exchequer collector. On an average it is...

Published 03 Oct, 2022 05:52am

Some interesting and important facts about the Federal Republic of Germany

TEXT: The Federal Republic of Germany is a parliamentary democracy; Federal President Frank-Walter Steinmeier has...

Published 03 Oct, 2022 05:52am

South Korea National Foundation Day: Message from H.E Suh Sangpyo, Ambassador of South Korea to Pakistan

TEXT: Pakistan is a rapidly growing country with more than 220 million population and abundant natural resources....

Published 03 Oct, 2022 05:52am

South Korea National Foundation Day: Message from H.E Kim Haksung, Consul General of South Korea in Karachi

TEXT: I have attended the pledge ceremony for making a donation for flood victims. I am very happy to have ...

Published 03 Oct, 2022 05:52am

Highlighting South Korea-Pakistan business potential

Tariq Shafi, Chairman Pakistan Korea Business & Friendship Council TEXT: We wish Korea a very Happy National...

Published 03 Oct, 2022 05:52am

Galaxy Pharma Pvt. Ltd: A journey of a thousand steps

TEXT: Galaxy Pharma started its journey back in the year 2005 as a one-man army lead by myself, Mr. ...

Published 03 Oct, 2022 05:52am

A strong foundation creates a strong nation

TEXT: It is an honor for us at Hyundai Nishat Motor (Private) Limited to be celebrating National Foundation Day of...

Published 03 Oct, 2022 05:52am

South Korean festivals, celebrations and holidays

TEXT: Until the mid-20th century, Korea was primarily an agricultural society, and the seasonal rhythms of daily ...

Published 03 Oct, 2022 05:52am

South Korean ambassador hands over first batch of flood relief items

The Ambassador of Korea, Suh Sangpyo handed over the first batch of urgently needed relief items to Provincial...

Published 03 Oct, 2022 05:52am

The Weather

KARACHI: The weather report on Sunday (October 02, 2022) and the forecast for Monday (October 03, 2022)....

Published 03 Oct, 2022 05:52am

FY22 domestic consumption of POL products: Sales tax collection declines 54.4pc to Rs107bn YoY

Major chunk of around 44 percent of sales tax domestic collection comes from ten sectors including petroleum products, electricity, sugar, cement, natural gas

Updated 03 Oct, 2022 09:59am

FY22 withholding tax collection grows 24pc to 1.53trn YoY

ISLAMABAD: The withholding tax (WHT) collection stood at Rs 1,534.4 billion during 2021-22 against Rs 1,237.3...

Updated 03 Oct, 2022 09:36am

Contribution by 10 major sectors constitutes 71pc of CD collection

ISLAMABAD: Nearly 71 percent of customs duty collection has been contributed by 10 major sectors during 2021-22...

Updated 03 Oct, 2022 09:40am

Leaked audiotapes on cipher: Cabinet decides to employ get-tough policy against IK

ISLAMABAD: The federal cabinet on Sunday formally approved the decision to launch legal action against Pakistan...

Updated 03 Oct, 2022 09:32am

Closing date of Thar Coal Block-1 Power Generation Co: One-year extension approved by govt

ISLAMABAD: The government has approved one year extension to the Financial closing date of Thar Coal Block-1 Power...

Updated 03 Oct, 2022 09:34am

Rates

Stocks witness positive trend

KARACHI: Pakistan Stock Exchange witnessed positive trend during the outgoing week ended on September 30, 2022 on ...

Published 03 Oct, 2022 05:52am

Rates

Futures spread down 76bps

KARACHI: The futures spread declined by 76bps to 8.71 percent on the last day of the outgoing week. Trading...

Published 03 Oct, 2022 05:52am

IK says Maryam ‘has given new life to cypher’

TAXILA: Former premier and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said Sunday that the ruling Pakistan...

Updated 03 Oct, 2022 09:43am

IK granted pre-arrest bail

ISLAMABAD: The Islamabad High Court (IHC) on Sunday approved the pre-arrest bail of PTI chief Imran Khan, a day ...

Updated 03 Oct, 2022 09:36am

Inefficient power plants: Nepra accuses MoE of passing on Rs30bn burden to consumers

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has reportedly accused Ministry of Energy of passing...

Updated 03 Oct, 2022 09:42am

Purchase of immovable properties: Advance tax exemption for expatriates sought

ISLAMABAD: The overseas Pakistanis including non-resident persons should be exempted from advance tax payable under...

Updated 03 Oct, 2022 09:37am

MENA

New UAE visa rules to come into effect today

ISLAMABAD: UAE’s new visa rules will come into force on October 3. Among the major changes, which were approved by...

Updated 03 Oct, 2022 11:08am

Railways resumes operations

MULTAN: Pakistan Railways resumed train operation from Karachi to Peshawar with a new fare schedule, as water ...

Updated 03 Oct, 2022 09:31am

King Charles won’t attend COP27 after Truss ‘objected’

LONDON: King Charles III will not travel to next month’s United Nations climate summit in Egypt, Buckingham Palace...

Published 03 Oct, 2022 05:52am

COAS, UN chief’s military adviser discuss regional security

RAWALPINDI: Chief of the Army Staff (COAS) General Qamar Javed Bajwa called on General Birame Diop (Senegal), United...

Published 03 Oct, 2022 05:52am

Iran says five Guards killed after clashes in Zahedan

TEHRAN: Clashes in Iran’s southeast claimed the lives of five members of the Revolutionary Guards, state media...

Published 03 Oct, 2022 05:52am

Egypt considers establishing Suez vegetable oils hub with Malaysia

CAIRO: Egypt is considering establishing a vegetable oils trading hub in the Suez Canal area in cooperation with...

Published 03 Oct, 2022 05:52am

PM praises China for generous help

ISLAMABAD: Prime Minister Shehbaz Sharif has thanked China for its generous assistance to support the flood affected...

Published 03 Oct, 2022 05:52am

Rates

PKR gains nearly 5pc during the week

KARACHI: The rupee gained nearly 5% during the previous week, appreciating in value across all the five sessions...

Published 03 Oct, 2022 05:52am

Parliament’s joint sitting on 6th

ISLAMABAD: The coalition government has decided to summon a joint sitting of Parliament on Thursday to start the ...

Published 03 Oct, 2022 05:52am

BISP cash support: Rs60bn received by flood-hit families

ISLAMABAD: A total of Rs60.104 billion has been disbursed among 2,404,151 flood-affected families of Balochistan,...

Published 03 Oct, 2022 05:52am

Farmers threaten to block roads across country

ISLAMABAD: Farmers led by the Kissan Ittehad staging a protest sit-in in Islamabad have threatened the government of...

Published 03 Oct, 2022 05:52am

Elahi sends two mobile health units to Sindh

LAHORE: Chief Minister Punjab Chaudhry Pervaiz Elahi took another magnificent step to promote inter- provincial...

Published 03 Oct, 2022 05:52am

KP approves implementation of three tourism projects

PESHAWAR: The Khyber Pakhtunkhwa Public Private Partnership Committee has approved the implementation of three...

Published 03 Oct, 2022 05:52am

Lahore-Karachi-Lahore sections: PR decides to resume operation of three more trains

LAHORE: Pakistan Railways has decided to restore operations of three more trains, Karakoram Express, Karachi Express...

Published 03 Oct, 2022 05:52am

Energy

Full compensation sought for all companies: Oil industry suffers Rs50bn losses due to forex issues

LAHORE: The oil industry has suffered a loss of Rs 50 billion on account of foreign exchange losses between July 1,...

Published 03 Oct, 2022 05:52am

Marriyum dubs IK ‘misogynist’

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb on Sunday heavily censured PTI Chairman ...

Published 03 Oct, 2022 05:52am

No room for women’s harassment, promotion of ‘profanity brigade’: Sherry

ISLAMABAD: Federal Minister for Climate Change Senator Sherry Rehman on Sunday said there was no room for harassment...

Published 03 Oct, 2022 05:52am

Amid fears of food shortages caused by floods: Zinc-enriched wheat may help avert nutrition crisis: experts

KARACHI: Fearing an unprecedented increase in malnutrition and widespread ‘hidden hunger’ due to food shortages...

Published 03 Oct, 2022 05:52am

Dire situation in Balochistan: Govt should provide houses, cattle to flood victims: PBF

QUETTA: Vice Chairperson of Pakistan Businesses Forum (PBF) Balochistan Chapter, Sana Durrani said that provincial...

Published 03 Oct, 2022 05:52am

Rights of transgender persons

EDITORIAL: When Parliament passed the Transgender Persons (Protection of Rights) Act, 2018, it was widely hailed as ...

Published 03 Oct, 2022 05:52am

Stocks

Wall St Week Ahead: Investors expect no peace in US stocks until bond gyrations subside

NEW YORK: Investors believe the feedback loop between US stocks and bonds will likely be a key factor in determining...

Published 03 Oct, 2022 05:52am

Stocks

Yields rise as Fed officials vow to fight hot inflation

NEW YORK: Treasury yields rose on Friday in a volatile week rocked by a Bank of England intervention that sent bond...

Published 03 Oct, 2022 05:52am

Stocks

Wall St posts third straight quarterly loss as inflation weighs, recession looms

NEW YORK: The S&P 500 closed the books on its steepest September decline in two decades on Friday, skidding...

Published 03 Oct, 2022 05:52am

Energy

IAP, Pesco join hands to resolve issues facing manufacturers

PESHAWAR: Industrialists Association Peshawar (IAP) and Peshawar Electric Supply Company (Pesco) have agreed to...

Published 03 Oct, 2022 05:52am

Energy

Completion of ‘T-5’ likely to enhance Tarbela hydel generation to 6,418MW

ISLAMABAD: The hydel generation capacity of Tarbela Dam will touch 6418 MW from the existing 4888 MW with the...

Published 03 Oct, 2022 05:52am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (September 26 to...

Published 03 Oct, 2022 05:52am

A sagacious suggestion

EDITORIAL: Foreign Minister Bilawal Bhutto-Zardari has urged China and the United States, the two most economically...

Published 03 Oct, 2022 05:52am

Global recession?

EDITORIAL: It’s not surprising that the World Trade Organisation (WTO) has also started worrying and warning about...

Published 03 Oct, 2022 05:52am

Money & Banking

Dollar up on euro as quarter ends, commodity led currencies sink

NEW YORK: The dollar rose against the euro on Friday but pared gains late in a session that was muddied by...

Published 03 Oct, 2022 05:52am

Money & Banking

Sterling rises

LONDON: Sterling rose on Friday and was set for its biggest weekly gains since March 2020 after the Bank of England...

Published 03 Oct, 2022 05:52am

Money & Banking

Volatile rouble gives up huge gains

MOSCOW: The rouble weakened on Friday, giving up huge gains that had seen it soar to an eight-year high against the...

Published 03 Oct, 2022 05:52am

Industry

Govt has helped revive 160 units in Gadoon Industrial Estate: KP-EZDMC

PESHAWAR: The provincial government of Khyber Pakhtunkhwa is fully focusing on the revival of sick industrial units...

Published 03 Oct, 2022 05:52am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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