News Archives for Print - 2022-12-04

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Print - 2022-12-04

Prices of essential kitchen items witness mixed trend

ISLAMABAD: The prices of essential kitchen items witnessed a mixed trend during this week past against the previous...

Published 04 Dec, 2022 03:37am

US navy claims seizes ammunition en route from Iran to Yemen

MANAMA: The US Navy said Saturday it had seized one million rounds of ammunition along with rocket fuses and...

Published 04 Dec, 2022 03:37am

October 2022: Number of cellular subscribers declines for third month in a row: PTA

ISLAMABAD: The number of cellular subscribers as well as teledensity declined for the third consecutive month in...

Updated 04 Dec, 2022 12:52pm

Pakistan committed to ensuring well-being of persons with disabilities: Alvi

ISLAMABAD: President Dr Arif Alvi Saturday said that Pakistan was committed to promoting the rights and well-being ...

Published 04 Dec, 2022 03:37am

Balochistan police register FIR against Shahbaz Gill

CHAMAN: A case was registered on Saturday against Pakistan Tehreek-e-Insaf (PTI) leader Shahbaz Gill in Qila ...

Published 04 Dec, 2022 03:37am

Attack on Pakistan mission’s head: Afghan minister calls Bilawal, vows to bring assailants to justice

KABUL: Acting Foreign Minister of Afghanistan Amir Khan Muttaqi on Saturday telephoned Foreign Minister Bilawal...

Published 04 Dec, 2022 03:37am

Threats, accusations can’t go hand in hand with talks: ministers

LAHORE: Responding to the PTI chairman’s offer of talks, Pakistan Muslim League-Nawaz said on Saturday that the...

Published 04 Dec, 2022 03:37am

UNSC condemns attack on Pak embassy in Kabul

UNITED NATIONS: The UN Security Council issued a press statement condemning in “the strongest terms” Friday’s...

Published 04 Dec, 2022 03:37am

EPA empowered to inspect any facility suspected of hurting environment: LHC

LAHORE: The Lahore High Court observed that the provincial Environmental Protection Agency (EPA) is empowered to...

Published 04 Dec, 2022 03:37am

Moonis statement raises doubts, requires clarification: minister

LAHORE: Interior Minister Rana Sanaullah said on Saturday that PML-Q leader Chaudhry Moonis Elahi’s statement...

Published 04 Dec, 2022 03:37am

Govt ensuring welfare of special people: Bizenjo

QUETTA: Balochistan Chief Minister Mir Abdul Quddus Bizenjo on Saturday said that the incumbent government was...

Published 04 Dec, 2022 03:37am

PPP govt ready to hold LB polls: CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that his government is under tremendous pressure from...

Published 04 Dec, 2022 03:37am

Huge quantity of smuggled goods seized in separate raids

KARACHI: The Anti-Smuggling Organisation (ASO) of Directorate Customs Intelligence and Investigation (DGI&I)...

Published 04 Dec, 2022 03:37am

PPP, MQM ignoring Karachi, says JI leader

KARACHI: Jamaat-e-Islami (JI) Karachi chief Engr Hafiz Naeemur Rehman has decried that the megacity Karachi was...

Published 04 Dec, 2022 03:37am

Participants of classic car rally reach Machni Post

PESHAWAR: The 13th Vintage and Classic Car Rally in collaboration with Khyber Pakhtunkhwa Sports and Youth Affairs,...

Published 04 Dec, 2022 03:37am

Five Pak firms participate in Automechanika Dubai 2022

KARACHI: Some five companies from Pakistan participated in the Automechanika Dubai 2022 held from November 22 to 24,...

Published 04 Dec, 2022 03:37am

Lawyers observe strike against bar member’s conviction

LAHORE: The legal fraternity on Saturday observed a strike against conviction of a bar member in contempt of court....

Published 04 Dec, 2022 03:37am

28,000 sacked employees reinstated so far: Qadir Mandokhail

ISLAMABAD: Chairman National Assembly Standing Committee for Affected Employees, and Pakistan People’s Party (PPP)...

Published 04 Dec, 2022 03:37am

Attack on diplomat: FO declines to confirm reports about suspect’s arrest

ISLAMABAD: Foreign Office on Saturday expressed its inability to confirm the reported arrest of a suspect allegedly...

Updated 04 Dec, 2022 12:01pm

The Weather

KARACHI: The weather report on Saturday (December 03, 2022) and the forecast for Sunday (December 04, 2022)....

Published 04 Dec, 2022 03:37am

Blackstone REIT restriction a possible warning sign for markets

While there has been little wider fallout from this week’s surge in redemption requests at an unlisted Blackstone...

Published 04 Dec, 2022 03:37am

Energy hungry Europe can’t look to US shale to fill any OPEC gap

US shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling...

Published 04 Dec, 2022 03:37am

What to do with furnace oil?

Furnace oil used to be the backbone of both power and oil industry until only a few years ago. There were no LNG or...

Published 04 Dec, 2022 03:37am

PTI leaders asked to stop slamming institutions: CM’s spokesperson

LAHORE: Spokesperson for the Chief Minister and Punjab Government Musarrat Jamshed Cheema has said that Pakistan...

Published 04 Dec, 2022 03:37am

Theft, snatching on the rise in Islamabad

ISLAMABAD: Automobile thieves and mobile phone snatchers remained active in the capital city as they stole dozens of...

Published 04 Dec, 2022 03:37am

Shortage of medicines affecting health sector

KARACHI: Economic and financial analyst Ateeq ur Rahman has said shortage of medicines or their rising cost is like...

Published 04 Dec, 2022 03:37am

15 students sponsored by OGDCL complete studies at IBA

KARACHI: Under the Oil and Gas Development Company’s National Talent Hunt Programme another batch of students has...

Published 04 Dec, 2022 03:37am

Naval chief meets top military officials of Turkiye, Germany, Azerbaijan

ISLAMABAD: Chief of the Naval Staff Admiral Muhammad Amjad Khan Niazi has visited Turkiye, Germany and Azerbaijan ...

Published 04 Dec, 2022 03:37am

Centre owes Rs176bn to Punjab govt: minister

LAHORE: Finance Minister of Punjab Mohsin Laghari has claimed that the federal government owes Rs176.353 billion to...

Published 04 Dec, 2022 03:37am

PTI has done its homework: Fawad

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Senior Vice President Fawad Chaudhry has said that the PTI has completed...

Published 04 Dec, 2022 03:37am

Centcom chief, COAS discuss security cooperation

WASHINGTON: Gen Michael Erik Kurilla, the commander of the US Central Command (Centcom), conducted a video...

Updated 04 Dec, 2022 10:36am

Pakistan ‘ever ready’ to take fight back to enemy: COAS responds strongly to India’s belligerence

ISLAMABAD: General Syed Asim Munir, Chief of Army Staff (COAS) on Saturday categorically said Indian state will...

Updated 04 Dec, 2022 09:45am

Wage structure should take into account variations in cost of living: SC

ISLAMABAD: The Supreme Court said the wage structure ought to be crafted in a way that must provide not merely for...

Published 04 Dec, 2022 03:37am

‘Religious intolerance’ US targets Pakistan, ignores India

WASHINGTON: The United States has designated Pakistan as a country of particular concern under the Religious Freedom...

Published 04 Dec, 2022 03:37am

US congresswoman seeks $600m aid for Pak flood victims

WASHINGTON: US Congresswoman Sheila Jackson has written a letter to the House Foreign Affairs Committee to increase...

Published 04 Dec, 2022 03:37am

Asset-backed securitization rules: SPVs allowed to offer debt securities

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has allowed Special Purpose Vehicles (SPVs) to...

Updated 04 Dec, 2022 10:57am

Terrorist commander killed in NW

ISLAMABAD: Fire exchange took place between terrorists and Pakistan troops in general area Shewa, North Waziristan...

Published 04 Dec, 2022 03:37am

Govt extends BISP cover to transgender people

ISLAMABAD: In a landmark move, the federal government on Saturday moved to provide support to the national...

Published 04 Dec, 2022 03:37am

Access to Gwadar, Karachi ports to be offered: Tajik president due next week

ISLAMABAD: President of the Republic of Tajikistan Emomali Rahman is likely to visit Pakistan next week on a State...

Updated 04 Dec, 2022 12:53pm

Moderate quake hits KP

ISLAMABAD: An earthquake measuring 4.5 on the Richter scale hit parts of Khyber Pakhtunkhwa (KP) on Saturday. The...

Published 04 Dec, 2022 03:37am

Commodities

Gold prices fall slightly

KARACHI: Gold prices on Saturday inched down on the local market, traders said. They dropped by Rs200 to Rs163300...

Published 04 Dec, 2022 03:37am

Letters

The country comes first

It is increasingly clear that the PML-N is taking a wait-and-see approach to the PTI chief Imran Khan’s threat of...

Published 04 Dec, 2022 03:37am

Cotton & Textile

ECC’s decision ‘rejected’: PYMA urges PM, Dar to avoid imposing RD on yarn

KARACHI: Pakistan Yarn Merchants Association (PYMA), while rejecting the Economic Coordination Committee (ECC)...

Published 04 Dec, 2022 03:37am

Commodities

ICE canola

WINNIPEG, (Manitoba): ICE canola futures surged on Friday on spreads against soybean oil and after a Canadian...

Published 04 Dec, 2022 03:37am

Cotton & Textile

Mali revises down cotton output forecast

BAMAKO: Mali’s cotton output for the 2022/23 season is expected to reach 740,000 tonnes, down from an earlier...

Published 04 Dec, 2022 03:37am

Energy

US natgas futures down

NEW YORK: US natural gas futures fell about 3% to a two-week low on Friday on forecasts for less cold weather and...

Published 04 Dec, 2022 03:37am

Energy

Oil dips ahead of OPEC+ meeting

HOUSTON: Oil futures slipped by about $1 a barrel in choppy trading on Friday ahead of a meeting of the Organization...

Published 04 Dec, 2022 03:37am

Commodities

Malaysian palm oil falls

JAKARTA: Malaysian palm oil futures dropped for a second day on Friday as continued strength in the ringgit and ...

Published 04 Dec, 2022 03:37am

Commodities

Copper hits highest rates in over two weeks

LONDON: Copper prices jumped to their highest in over two weeks on Friday in a volatile session as investors cheered...

Published 04 Dec, 2022 03:37am

Commodities

Iron ore futures rise on hopes

SINGAPORE: Iron ore futures rose on Friday and were set for weekly gains, buoyed by expectation that top steelmaker...

Published 04 Dec, 2022 03:37am

Commodities

Wheat plunges to 3-month low on export competition

WINNIPEG, (Manitoba): Chicago wheat extended losses on Friday to a fresh three-month low as modest weekly US exports...

Published 04 Dec, 2022 03:37am

Commodities

Gold lower on positive US jobs data

NEW YORK: Gold prices slipped on Friday, retreating from a near-four month high, after robust US jobs data fanned...

Published 04 Dec, 2022 03:37am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday (December 03, 2022)....

Published 04 Dec, 2022 03:37am

Cotton & Textile

Cotton market: No major change in present outlook

LAHORE: The local cotton market on Saturday remained steady and the trading volume remained low. Naseem Usman said...

Published 04 Dec, 2022 03:37am

Rates

Automart: car prices in Karachi

Rates in the week ended Saturday December 03, 2022

Published 04 Dec, 2022 03:37am

The Orakzai mine blast

EDITORIAL: If repeated mining-related accidents are any guide, the government machinery will go through its usual...

Published 04 Dec, 2022 03:37am

Punjab, Sindh: Dacoits on the riverbeds

EDITORIAL: Twenty years on, the police forces of Punjab and Sindh have yet to decisively win the war against dacoits...

Published 04 Dec, 2022 03:37am

Uzbekistan’s envoy meets finance minister to discuss bilateral trade

ISLAMABAD: Ambassador of the Republic of Uzbekistan to Pakistan Oybek Usmanov called on federal Minister for Finance...

Published 04 Dec, 2022 03:37am

Dues against consumer billing collection: KE seeks MoF’s help for release of over Rs4.5bn collected by Pakistan Post

ISLAMABAD: K-Electric (KE) has sought the Finance Ministry’s help for the release of over Rs4.5 billion collected...

Updated 04 Dec, 2022 10:19am

Provinces’ power sector schemes: Rs8.11bn approved by ECC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the allocation of Rs8.109 billion...

Updated 04 Dec, 2022 09:57am

Effective Nov 2022: Agri consumers of Discos, KE have to pay Rs23.30/unit

ISLAMABAD: The agriculture consumers of Discos and KE have to pay Rs23.30 per unit from November 2022, all-inclusive...

Updated 04 Dec, 2022 10:07am

ADB approves ‘KP Water Resources Development Project’

ISLAMABAD: The Asian Development Bank (ADB) has approved “Khyber Pakhtunkhwa Water Resources Development ...

Published 04 Dec, 2022 03:37am

PTI Sindh MPAs hand in their resignations

LAHORE: All 26 MPAs of Pakistan Tehreek-e-Insaf (PTI) in the Sindh Assembly have submitted their resignations to the...

Updated 04 Dec, 2022 10:09am

COAS urged to disassociate himself from Bajwa’s ‘controversial’ actions

ISLAMABAD: Reiterating his demand to immediately release Senator Azam Swati, Pakistan Tehreek-e-Insaf (PTI) Chairman...

Updated 04 Dec, 2022 10:34am

IK says will dissolve assemblies ‘very soon’

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has told the provincial legislators of his party in...

Updated 04 Dec, 2022 09:52am

OPEC+ will keep oil policy unchanged in review talks

LONDON/DUBAI: OPEC+ will likely stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on...

Published 04 Dec, 2022 03:37am

Public limited companies: Conditions for launching REITs schemes laid down

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has laid down conditions for the launching of...

Updated 04 Dec, 2022 11:16am

Income tax arrears: Nov collection up Rs2.33bn to Rs8.98bn YoY

ISLAMABAD: The Federal Board of Revenue (FBR) has recovered income tax arrears of Rs8.98 billion during November...

Updated 04 Dec, 2022 11:47am

Bajwa’s tax record: two more FBR officers suspended

LAHORE: The Federal Board of Revenue (FBR) has suspended another two officers in connection with the leakage of tax...

Updated 04 Dec, 2022 12:53pm

Companies

New vehicles being provided to staff for efficient service: Fesco chief

FAISALABAD: For provision of best customer services to Faisalabad Electric Supply Company (Fesco) consumers, modern...

Published 04 Dec, 2022 03:37am

Retail sector spearheads domestic economy, says CAP

LAHORE: The retail sector in Pakistan is organizing rapidly through value-addition, contributing a large chunk of ...

Published 04 Dec, 2022 03:37am

Govt exhorted to seek IMF-led debt restructuring for 3-5 years

KARACHI: A large external financing gap, challenging global financial markets, devastating floods, and political...

Updated 04 Dec, 2022 12:53pm

Former finance minister suggests rescheduling of external debt

KARACHI: Pakistan Tehreek-e-Insaf (PTI) economic team has suggested immediate rescheduling of entire external debt...

Updated 04 Dec, 2022 12:45pm

Industry

DCs asked to check ‘deductions’ at sugar mills

LAHORE: Taking notice of the alleged deductions being made by the sugar millers, the Cane Commissioner Punjab has...

Published 04 Dec, 2022 03:37am

Companies

50 companies shortlisted for fire safety awards

KARACHI: Adoption of fire safety measures at every building by its owner had become all the more important when the...

Published 04 Dec, 2022 03:37am

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
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Cotton US¢/pound / Jan 21	68.02
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
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%)
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%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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