News Archives for Print - 2022-10-24

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Print - 2022-10-24

Europe

Two pilots killed as Russian fighter jet crashes into Siberian home

IRKUTSK, (Russia): A Russian military jet crashed into a residential building in the Siberian city of Irkutsk on...

Published 24 Oct, 2022 07:48am

Europe

Sheep take over Madrid’s streets

MADRID: Sheep replaced cars on the streets of Madrid on Sunday, as shepherds following ancient herding routes led...

Published 24 Oct, 2022 07:39am

Middle East

Doctors tell Saudi crown prince to skip summit: Algeria

ALGIERS: Doctors have advised Saudi Arabia’s powerful crown prince not to travel to Algiers for an upcoming ...

Published 24 Oct, 2022 07:30am

Energy

Philippines sees room for LNG despite renewables push

MANILA: The use of LNG imports for power generation in the Philippines next year should not be a disincentive for...

Published 24 Oct, 2022 07:22am

Europe

Boris Johnson battling to win support for UK PM comeback bid, Sunak enters race

LONDON: Boris Johnson was fighting on Sunday to get enough support to make a shock return as Britain’s prime...

Published 24 Oct, 2022 07:20am

Africa

Somalia car bomb, shooting hits Kismayu hotel, 9 dead

MOGADISHU: A car bomb and shooting attack on a hotel in the Somali city of Kismayu killed nine people on Sunday...

Published 24 Oct, 2022 07:16am

Middle East

Saudi Arabia confirms crown prince won’t attend Arab summit in Algeria

RIYADH: Saudi Crown Prince Mohammed bin Salman will not travel to Algeria next month to attend a summit of the Arab...

Published 24 Oct, 2022 07:14am

Money & Banking

Dollar sinks vs yen, BOJ intervention suspected ahead of weekend

NEW YORK: The US dollar tumbled against the yen on Friday, logging its biggest daily drop against the Japanese...

Published 24 Oct, 2022 07:11am

Money & Banking

Yuan falls to lowest since 2008 global crisis

SHANGHAI: China’s yuan fell on Friday to its weakest level against the dollar since the global financial crisis of...

Published 24 Oct, 2022 07:09am

Money & Banking

Rouble firms past 61 vs dollar

MOSCOW: The rouble strengthened past 61 to the dollar on Friday to a two-week high, supported by a favourable...

Published 24 Oct, 2022 07:08am

Money & Banking

Indian rupee posts sixth weekly decline

MUMBAI: The Indian rupee inched higher to the dollar on Friday, while logging its sixth straight weekly decline in...

Published 24 Oct, 2022 07:05am

Money & Banking

Sterling may decide if BoE can talk markets off a cliff

LONDON: The Bank of England has the uneviable task of convincing markets they are wrong about how high UK interest...

Published 24 Oct, 2022 07:01am

Wall Street Week Ahead: Megacap earnings to test fledgling US stock rebound

NEW YORK: Earnings reports from the four biggest US companies by market capitalization in the coming week may test a...

Published 24 Oct, 2022 06:59am

Stocks

Wall Street ends higher as hopes for less aggressive Fed grow

NEW YORK: US stocks surged to close out the trading week on Friday after a report said the US Federal Reserve will...

Published 24 Oct, 2022 06:56am

Stocks

Saudi bourse gains on strong earnings, oil prices; Qatar falls

DUBAI: Saudi Arabia’s stock market ended higher on Sunday, in response to rising oil prices and strong earnings,...

Published 24 Oct, 2022 06:54am

Cotton & Textile

Lean business on cotton market

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

Published 24 Oct, 2022 06:51am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Sunday (October 23, 2022)....

Published 24 Oct, 2022 06:50am

Commodities

Palm oil futures rise on weather-related worries

KUALA LUMPUR: Malaysian palm oil futures firmed on Friday and were headed for a weekly rise, on concerns over...

Published 24 Oct, 2022 06:49am

Grains

Asia rice: Demand slows as wet spell clouds India’s crop quality outlook

MUMBAI/HANOI/BANGKOK: Heavy rainfall in key rice-producing states in India left traders anxious about the crop in ...

Published 24 Oct, 2022 06:48am

Energy

Oil prices settle up

NEW YORK: Oil prices settled up on Friday as hopes of stronger Chinese demand and a weakening US dollar outweighed...

Published 24 Oct, 2022 06:46am

Grains

CBOT wheat futures rise

CHICAGO: Chicago Board of Trade wheat futures rose on Friday, with a falling dollar sparking hopes for a pick up in...

Published 24 Oct, 2022 06:44am

Commodities

Aluminium falls on economic slowdown

LONDON: Aluminium prices were set to end the week around 4% lower as fears of rapid US interest rate hikes dampened...

Published 24 Oct, 2022 06:43am

South Korea expands corporate bond-buying programme

SEOUL: South Korea’s government will expand its corporate bond-buying program among other liquidity supply ...

Published 24 Oct, 2022 06:40am

Credit Suisse eyes $2bn capital hike, convertible bonds

ZURICH: Embattled bank Credit Suisse is considering a capital increase of around 2 billion Swiss francs ($2 billion)...

Published 24 Oct, 2022 06:35am

Technology-sharing a sticking point as Renault, Nissan hash out reset

PARIS/TOKYO: The sharing of technology has emerged as a sticking point between Renault SA and Nissan Motor Co Ltd as...

Published 24 Oct, 2022 06:15am

‘Serena Olympics 2022’ inaugurated

FAISALABAD: CEO Aziz Bolani inaugurated Serena Olympics 2022 by lighting the torch at bohran wali ground. General...

Published 24 Oct, 2022 05:45am

Hindutva gives lie to India’s claims as secular state: AJK president

WASHINGTON: India’s reputation as a secular democracy has been eroded ever since the right-wing Hindu nationalist...

Published 24 Oct, 2022 05:45am

Enforced disappearances issue: Practical steps to be taken: govt

LAHORE: Federal Minister for Law and Justice Azam Nazeer Tarar has said that ‘enforced disappearances’ is a...

Published 24 Oct, 2022 05:45am

Industry

Minister lauds APSA’s role for shipping industry

KARACHI: Chairman All Pakistan Shipping Association (APSA) Aasim Siddiqui, hosted a lunch in honour of the Federal...

Published 24 Oct, 2022 05:45am

Industry

Iran’s free trade policy for Pakistan ready, says envoy

PESHAWAR: Iranian Consul General in Peshawar Hamid Reza Ghomi has said that his country has finalised a free trade...

Published 24 Oct, 2022 05:45am

The Weather

KARACHI: The weather report on Sunday (October 23, 2022) and the forecast for Monday (October 24, 2022)....

Published 24 Oct, 2022 05:45am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (October 17 to...

Published 24 Oct, 2022 05:45am

Hub bridge likely to be rebuilt within 18 months

ISLAMABAD: The authorities concerned have awarded work for the reconstruction of Hub Bridge in Balochistan which is...

Published 24 Oct, 2022 05:45am

Trains may start plying to, from Karachi soon

ISLAMABAD: Pakistan Railways was likely to resume its service towards Karachi during the first week of October that...

Published 24 Oct, 2022 05:45am

Dry weather likely in most parts

ISLAMABAD: Pakistan Meteorological Department (PMD) has forecast mainly dry weather for most parts of the country....

Published 24 Oct, 2022 05:45am

Flood releif work: Nestle Pakistan donates Rs 10m to PM fund

ISLAMABAD: Sheikh Waqar Ahmad, Head of Corporate Affairs & Sustainability and Hajra Omer, Head of Human ...

Published 24 Oct, 2022 05:45am

Bilawal pays tribute to Begum Nusrat Bhutto

KARACHI: Chairman of Pakistan People’s Party (PPP) and Foreign Minister Bilawal Bhutto Zardari Sunday said that ...

Published 24 Oct, 2022 05:45am

Sanjrani may face no-trust move

ISLAMABAD: Chairman Senate Sadiq Sanjrani may face yet another no-confidence motion in coming days from the ruling...

Published 24 Oct, 2022 05:45am

Institutions of higher education: 2pc quota for minority communities fixed, says CM

LAHORE: Punjab Chief Minister Chaudhry Pervaiz Elahi has said that the Punjab government has fixed two percent quota...

Published 24 Oct, 2022 05:45am

SAU VC calls for adoption of modern agriculture techniques

HYDERABAD: Vice Chancellor of Sindh Agriculture University (SAU), Tandojam, Dr Fateh Marri has said that due to...

Published 24 Oct, 2022 05:45am

Growing ‘Davos in the Desert’ a sign of Saudi clout

Hundreds of CEOs and finance moguls are expected in Riyadh from Tuesday for a Davos-style investment conference that...

Published 24 Oct, 2022 05:45am

Has Ishaq Dar lost his magic?

Statesmanship demands maintaining a delicate balance between economy and politics. Unfortunately, the scales world...

Published 24 Oct, 2022 05:45am

What went wrong?

The post-floods growth scenario has become controversial with International Monetary Fund (IMF) and the Asian...

Published 24 Oct, 2022 05:45am

Speakers call for disaster prevention, saving livelihoods

KARACHI: Speakers at a post-flood dialogue underlined the need to take measures to prevent the causes behind the...

Published 24 Oct, 2022 05:45am

‘Ease of doing business’: KP CM approves action plan, model

PESHAWAR: Chief Minister Khyber Pakhtun-khwa Mahmood Khan has approved the proposed action plan and model regarding...

Published 24 Oct, 2022 05:45am

‘Post-truth era’: Istanbul Declaration stresses need for mechanisms to fight disinformation

ISLAMABAD: Istanbul Declaration adopted by the 12th Session of the Islamic Conference of Information Ministers...

Published 24 Oct, 2022 05:45am

Karachi replaces Lahore as world’s most-polluted city

KARACHI: Karachi replaced Lahore as the most-polluted city in the world on Sunday.The city has recorded a ...

Published 24 Oct, 2022 05:45am

Diwali today

HYDERABAD: The Hindu community will celebrate “Diwali” (a festival of lights) on Monday (October 24) in the city...

Published 24 Oct, 2022 05:45am

Pakistan has highest rate of breast cancer in Asia: LUMHS VC

HYDRABAD: The Department of Surgery, Liaquat University of Medical & Health Sciences Jamshoro arranged ‘Breast...

Published 24 Oct, 2022 05:45am

Rulers can’t escape from LG polls: JI

KARACHI: Jamaat-e-Islami (JI) Karachi chief Engr Hafiz Naeemur Rehman has said that the PPP government in Sindh ...

Published 24 Oct, 2022 05:45am

Flood-affected farmers will get insurance claims, says ombudsman

KARACHI: Federal Insurance Ombudsman Dr Khawar Jameel has said that under the directions of President Arif Alvi, his...

Published 24 Oct, 2022 05:45am

Another suspect in Chinese dental clinic shooting case arrested

KARACHI: A big development was made in the investigation of firing incident on a dental clinic of a Chinese national...

Published 24 Oct, 2022 05:45am

Eradication of polio: Asifa seeks public support

KARACHI: The younger daughter of former Prime Minister Shaheed Mohtrama Benazir Bhutto Asifa Bhutto-Zardari ...

Published 24 Oct, 2022 05:45am

Sindh govt allocates land for federal institute in Hyderabad

KARACHI: In a major development, the Sindh government has allotted 100 acres of free land for the establishment of...

Published 24 Oct, 2022 05:45am

Communication & Works Department of KP: AGP detects overpayment of Rs94.68m to contractors

PESHAWAR: The Auditor General of Pakistan (AGP) has detected overpayment of Rs.94.684 million in eleven cases by the...

Published 24 Oct, 2022 05:45am

Call for strengthening linkages between industry, academia

PESHAWAR: Speakers at a two-day international conference at Ghulam Ishaq Khan Institute of Engineering Sciences and...

Published 24 Oct, 2022 05:45am

Umar slams law enforcers for ‘flouting law’

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar on Sunday said the law enforcers in Islamabad are ...

Published 24 Oct, 2022 05:45am

Malaysia contributes $200,000 to PM Flood Relief Fund

ISLAMABAD: Malaysia has contributed $200,000 to Prime Minister’s Flood Relief Fund to assist the flood victims of...

Published 24 Oct, 2022 05:45am

Sherry eulogises Nusrat Bhutto on death anniversary

ISLAMABAD: Federal Minister for Climate Change Senator Sherry Rehman on Sunday eulogized Begum Nusrat Bhutto, the...

Published 24 Oct, 2022 05:45am

Punjab PA: Hamza named opposition leader

LAHORE: Former Punjab Chief Minister Hamza Shahbaz was officially named the Leader of the Opposition in the Punjab...

Published 24 Oct, 2022 05:45am

ICCI office-bearers vow to support orphan children

ISLAMABAD: Patron-in-Chief, Pakistan Sweet Homes (PSH) Zummarad Khan said that his institution was working to ...

Published 24 Oct, 2022 05:45am

12 PTI workers arrested

ISLAMABAD: The Bara Kahu police have arrested 12 PTI workers on charges of damaging public properties during a...

Published 24 Oct, 2022 05:45am

NA speaker urged to take notice of PTI leader’s mistreatment

ISLAMABAD: Former speaker National Assembly and senior PTI leader Asad Qaiser has urged incumbent Speaker Raja ...

Published 24 Oct, 2022 05:45am

Land acquisition for Dir Motorway begins

PESHAWAR: Land acquisition for the construction of the 30-KM Dir Motorway has been initiated and a committee is...

Published 24 Oct, 2022 05:45am

President, PM, Bilawal felicitate Xi

ISLAMABAD: President Dr Arif Alvi, Prime Minister Shehbaz Sharif and Foreign Minister Bilawal Bhutto Zardari on...

Published 24 Oct, 2022 05:45am

KPRA holds workshop for capacity building of staff

PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) organized one week training workshop for capacity building of...

Published 24 Oct, 2022 05:45am

Imran’s disqualification: Mystery shrouds delay in issuance of signed verdict

ISLAMABAD: The Election Commission of Pakistan (ECP) could not issue the signed and verified detailed verdict of the...

Published 24 Oct, 2022 05:45am

Call for making decades-old record of Toshakhana public

LAHORE: Spokesperson to Chief Minister Punjab Musarrat Jamshed Cheema has said that the Punjab Assembly has demanded...

Published 24 Oct, 2022 05:45am

Islam rejects sectarianism, extremism and terrorism in all forms: Ashrafi

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

Published 24 Oct, 2022 05:45am

‘15 MNCH centres to be set up in flood-hit districts of Nasirabad’

QUETTA: Parliamentary Secretary Science and Information Technology, Law and Parliamentary Affairs Dr. Rubaba Khan...

Published 24 Oct, 2022 05:45am

Rates

Your rupee last quarter

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last quarter. (July 04 to...

Published 24 Oct, 2022 05:45am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Sunday (October 23, 2022). ======================================= Offset...

Published 24 Oct, 2022 05:45am

EV charging stations to be set up along motorways

ISLAMABAD: The Electric Vehicle (EV) charging stations would be installed at five Motorway locations, keeping in ...

Published 24 Oct, 2022 05:45am

FATF: Businessmen Panel attributes country’s success to ‘successive’ govts’ efforts

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BP) has described the...

Published 24 Oct, 2022 05:45am

Companies

TPL Insurance (WTO) partners with Faysal Bank

KARACHI: As part of their aim to provide innovative products and utilize the digital paradigm to redefine takaful,...

Published 24 Oct, 2022 05:45am

Energy

Musadik visits SNGPL head office

LAHORE: Minister of State for Petroleum Senator Musadik Malik and Secretary Petroleum Capt Muhammad Mahmood...

Published 24 Oct, 2022 05:45am

Grains

KP’s flour millers demand govt give wheat the status of ‘national crop’

PESHAWAR: Pakistan Flour Mills Association Khyber Pakhtunkhwa (PFMA-KP) chapter, while backing the Standing ...

Published 24 Oct, 2022 05:45am

Saudi forum set to draw US business leaders despite tensions

DUBAI: A public spat between the United States and Saudi Arabia will not deter top Wall Street executives and US...

Updated 24 Oct, 2022 06:18am

Commodities

Gold jumps on Fed rate path doubts as dollar flips down

NEW YORK: Gold prices rose more than 1% on Friday, on track for a weekly rise, as the dollar turned negative, with...

Published 24 Oct, 2022 05:45am

Commodities

Japanese rubber futures track Shanghai losses, weaker Nikkei lower

SINGAPORE: Japanese rubber futures fell on Friday, tracking losses in the Shanghai market and weighed down by...

Published 24 Oct, 2022 05:45am

Commodities

ICE canola futures up

CHICAGO: ICE canola futures rose on Friday for a fourth straight session as firm cash markets lifted the spot...

Published 24 Oct, 2022 05:45am

Energy

US natgas slumps to 7-month low as losses extend into a ninth week

NEW YORK: US natural gas futures dropped 7% on Friday to a seven-month low after falling for nine weeks in a row in ...

Published 24 Oct, 2022 05:45am

Housing ministry seeks Rs9,179m for FY2022-23

ISLAMABAD: Ministry of Housing and Works has demanded the grant of a sum of Rs 9,179 million to meet the ...

Published 24 Oct, 2022 05:45am

Commodities

Rates of food items on the rise in Peshawar

PESHAWAR: Prices of vegetables, live chicken/ meat, flour and other edibles remained on higher side in the local...

Published 24 Oct, 2022 05:45am

Industry

Expo Centre CEO wants to enhance cooperation with LCCI

LAHORE: CEO, Expo Centre Maryam Khawar called on LCCI President Kashif Anwar to discuss possibilities to enhance...

Published 24 Oct, 2022 05:45am

One big can of worms

EDITORIAL: It’s increasingly clear that the saga of former prime minister (PM) Imran Khan’s disqualification for...

Published 24 Oct, 2022 05:45am

PM’s visit to China at critical juncture

EDITORIAL: Preparations are underway for the forthcoming maiden visit of Shehbaz Sharif to China as the Prime...

Published 24 Oct, 2022 05:45am

Industry

APAT for consensus national policy to get rid of debts

LAHORE: All Pakistan Anjuman Tajran (APAT) Central President Ashraf Bhatti has said that an agreed national policy...

Published 24 Oct, 2022 05:45am

Industry

PCMEA felicitates nation on getting out of FATF grey list

LAHORE: Pakistan Carpet Manufacturers and Exporters Association (PCMEA) on Sunday congratulated the nation on...

Published 24 Oct, 2022 05:45am

Cotton & Textile

Weekly Cotton Review: Rates fall amid cautious buying

KARACHI: Cotton prices continued to decline last week. International textile sector faces a severe recession. The...

Published 24 Oct, 2022 05:45am

Legal and free remittance channels: ACE Money Transfer, Bank AL Habib launch awareness campaign

KARACHI: ACE Money Transfer, a leading UK-based international remittance service provider, and Bank AL Habib, one of...

Published 24 Oct, 2022 05:45am

Industry

Railways to get 20 modern coaches by month-end

ISLAMABAD: The first fleet of 20 state-of-the-art coaches of Pakistan Railways from China would arrive in Pakistan ...

Published 24 Oct, 2022 05:45am

Taxes

FBR played key role in completing tasks under FATF action plans

ISLAMABAD: Like many other governmental organizations, FBR has played a key role in completing the FATF action plans...

Published 24 Oct, 2022 05:45am

11 power projects completed under CPEC

ISLAMABAD: As many as 11 power projects with accumulative capacity of 6,369 MW under China Pakistan Economic ...

Published 24 Oct, 2022 05:45am

Rates

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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