News Archives for Print - 2023-01-23

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Print - 2023-01-23

Stocks

Indian shares end lower as weak earnings weigh

BENGALURU: Indian shares fell on Friday as traders parsed through key corporate earnings amidst concerns of a global...

Published 23 Jan, 2023 08:16am

Stocks

China stocks close higher as worst over in Covid battle

SHANGHAI: China stocks ended higher on Friday ahead of the Lunar New Year holidays, as strong foreign inflows ...

Published 23 Jan, 2023 08:16am

Energy

Yellen says Russian oil price cap could save African countries $6bn annually

DAKAR: Russia’s war against Ukraine is hitting Africans particularly hard by exacerbating food insecurity and...

Published 23 Jan, 2023 08:13am

Commodities

Palm oil tracks rival oils higher despite weak export data

JAKARTA: Malaysian palm oil futures rose on Friday as rival oils lent support, ending the week with a modest weekly...

Published 23 Jan, 2023 08:11am

Commodities

Gold eases as dollar ticks up

NEW YORK: Gold prices edged lower on Friday as the dollar firmed, although hopes of slower rate hikes from the US...

Published 23 Jan, 2023 08:07am

Energy

Oil up more than 1pc, on track for second week of gains

NEW YORK: Oil rose by about $1 a barrel on Friday and headed for a second straight weekly gain, spurred largely by...

Published 23 Jan, 2023 08:05am

Commodities

Copper drifts lower as China kicks off Lunar New Year holidays

LONDON: Copper prices edged lower on Friday as investors sought to balance a potential boost to metals demand from...

Published 23 Jan, 2023 08:04am

Money & Banking

Dollar climbs against yen as BOJ affirms ultra-easy policy

NEW YORK: The dollar soared against the yen on Friday, on track for its largest daily gain in roughly two weeks,...

Published 23 Jan, 2023 08:01am

Stocks

Major Gulf stocks rise on higher oil prices

DUBAI: Most major Gulf markets ended higher on Sunday, reflecting Friday’s rise in oil prices driven by prospects...

Published 23 Jan, 2023 08:00am

Stocks

European stocks end lacklustre week higher

PARIS: European shares closed higher on Friday but marked weekly losses as investors took a cautious view of the...

Published 23 Jan, 2023 07:57am

Stocks

Wall Street climbs on Alphabet, Netflix lift

NEW YORK: US stocks rose on Friday, with the S&P 500 and Dow poised to snap a three-session losing streak and ...

Published 23 Jan, 2023 07:56am

Stocks

Wall Street Week Ahead: Tech stock rebound faces doubters with earnings season

NEW YORK: A spate of earnings reports in coming weeks is set to test a recent bounce in technology and other megacap...

Published 23 Jan, 2023 07:55am

Middle East

Iran vows ‘reciprocal’ response to EU over Guards terror label vote

TEHRAN: Iran on Sunday warned the European Union it would take “reciprocal” measures after the European...

Published 23 Jan, 2023 07:53am

Africa

Eritrea troops leave historic Tigray city

ADDIS ABABA: Eritrean troops have left the ancient city of Axum in Tigray but remain in two other towns in the...

Published 23 Jan, 2023 07:51am

Africa

Emotions high as missing Cameroon journalist found dead

YAOUNDÉ: A popular Cameroon radio journalist who had been missing following what a media rights group called an...

Published 23 Jan, 2023 07:50am

USA

Biden to name Jeff Zients as chief of staff

WASHINGTON: US President Joe Biden will name as his chief of staff Jeff Zients, a former White House pandemic policy...

Published 23 Jan, 2023 07:47am

Middle East

Egypt’s soaring prices drive home economic pain

CAIRO: In better times, Om Mohamed’s family used to take holidays at resorts on Egypt’s Red Sea coast. Now there...

Published 23 Jan, 2023 07:31am

Middle East

Netanyahu fires minister in compliance with SC order

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu dismissed a senior cabinet member with a criminal record on...

Published 23 Jan, 2023 07:28am

Europe

Poland slams ‘unacceptable’ German stance on Leopard tanks

WARSAW: Poland’s prime minister on Sunday lashed out at Germany’s decision not to supply Leopard tanks to...

Published 23 Jan, 2023 07:25am

Europe

France, Germany firm up ties as European ‘driving force’

PARIS: Germany’s Chancellor Olaf Scholz and France’s President Emmanuel Macron on Sunday pledged to drive Europe...

Published 23 Jan, 2023 07:24am

Middle East

Arab states boycott regional meeting in divided Libyan capital

TRIPOLI: Arab states boycotted a meeting hosted by Libya’s unity government on Sunday, with just five of the Arab...

Published 23 Jan, 2023 07:21am

Lula sacks army commander after anti-govt riots

BRASÍLIA: President Luiz Inacio Lula da Silva sacked the commander of Brazil’s army Saturday, two weeks after an...

Published 23 Jan, 2023 07:18am

Germany will coordinate with allies on Ukraine weapons decisions

PARIS: German Chancellor Olaf Scholz, under pressure to allow the shipment of German-made tanks to Ukraine, said on...

Published 23 Jan, 2023 07:16am

Europe

Russia taken 180,000 dead or wounded in Ukraine: Norwegian army

OSLO: Russia has suffered 180,000 killed or wounded in Ukraine so far, while the figure for the Ukrainians is ...

Published 23 Jan, 2023 07:15am

Europe

Greek police find no bomb on Ryanair flight from Poland

ATHENS: Greek police on Sunday said they had found no explosives on board a Ryanair flight from Poland, following an...

Published 23 Jan, 2023 07:13am

Asia

Chinese pray for health in Lunar New Year as Covid-19 death toll rises

BEIJING: China rang in the Lunar New Year on Sunday with its people praying for health after three years of stress...

Published 23 Jan, 2023 07:12am

Erdogan announces elections for May 14

ISTANBUL: President Recep Tayyip Erdogan has announced that Turkey’s elections will be held on May 14 — a month...

Published 23 Jan, 2023 07:08am

US existing home sales lowest since 2010

WASHINGTON: US existing home sales plunged to a 12-year low in December, but declining mortgage rates raised ...

Published 23 Jan, 2023 07:06am

China’s exports to North Korea more than tripled in 2022

BEIJING: China’s overall exports to North Korea more than tripled in 2022 from a year earlier as freight train...

Published 23 Jan, 2023 07:03am

Industry

Business community to mount protests against govt policies today: BMP chief

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s former president Mian Anjum Nisar has ...

Published 23 Jan, 2023 06:54am

Kashmiris have formed global alliance to push for their freedom: Dr Shah

MIRPUR (AJK): The International Kashmiri diaspora, currently functioning under various names and flags, will now...

Published 23 Jan, 2023 06:51am

Expert highlights use of new technologies, innovations in surgical practice

HYDERABAD: While addressing at the inaugural session of Urology Conference at LUMHS, Vice Chancellor LUMHS Prof....

Published 23 Jan, 2023 06:48am

Industry

KPEZDMC’s initiatives for industrialisation lauded

PESHAWAR: Chairman Pak Steel Muhammad Aslam Farid and distinguished guests from the industrial community of Hattar...

Published 23 Jan, 2023 06:47am

Commodities

Downward trend in prices of chicken, flour, other items witnessed

PESHAWAR: Downward trend in prices of live chicken/meat, flour, vegetables, pulses, grocery items, sugar and other...

Published 23 Jan, 2023 06:45am

KP’s business community hails passage of SBP (Amendment) Bill 2021

PESHAWAR: Business community in Khyber Pakhtunkhwa widely welcomed the passage of State Bank of Pakistan (Amendment)...

Published 23 Jan, 2023 06:44am

Dhaka debacle termed huge blow to Pakistani art movement

KARACHI: The painter and art professor, Salima Hashmi, said that the separation of East Pakistan in 1971 shattered...

Published 23 Jan, 2023 06:42am

12th Rashid D Habib Golf: Waheed Baloch reclaims trophy

KARACHI: Final Round of Bank AL Habib’s 12th Rashid D. Habib Memorial National Professional Golf Tournament 2023...

Published 23 Jan, 2023 06:37am

Security officer killed in Karachi

KARACHI: A security official was gunned down by unidentified assailants at Karachi’s Johar Mor on Saturday ...

Published 23 Jan, 2023 06:36am

Companies

GSK Pakistan recognised as ‘top employer’

KARACHI: GSK Pakistan has been re-certified by The Top Employers Institute as a Top Employer 2023 for the 3rd...

Published 23 Jan, 2023 06:34am

8 shopkeepers arrested for selling flour at exorbitant rates

KARACHI: A campaign to implement official rates of wheat flour in Karachi Division is underway, and around eight...

Published 23 Jan, 2023 06:34am

Cotton & Textile

Weekly Cotton Review: Prices slightly down amid low buying

KARACHI: Cotton prices went slightly down during previous week in local market. There was a boom in international...

Published 23 Jan, 2023 06:32am

SU decides to establish software house

HYDERABAD: The Sindh University management has decided to establish a software house in a bid to start on various...

Published 23 Jan, 2023 06:31am

Encroachments along Korang Nullah pose potential risk of urban flooding

ISLAMABAD: The rapidly growing encroachments across the Korang Nullah in Bhara Kahu on the main Simli Dam Road are...

Published 23 Jan, 2023 06:30am

Care of newborns termed necessary in winter

LAHORE: Ensuring care of a newborn baby has become even more important in the winter season as a little carelessness...

Published 23 Jan, 2023 06:28am

Companies

Fast Cables launches new vertical Fast Lights

LAHORE: Fast Cables, the biggest manufacturer of electrical cables & conductors in Pakistan, has added another...

Published 23 Jan, 2023 06:25am

PCMEA calls for opening of LCs on priority basis

LAHORE: Pakistan Carpet Manufacturers and Exporters Association (PCMEA) Senior Vice Chairman Usman Ashraf said on...

Published 23 Jan, 2023 06:20am

Governor awards degrees to students at convocation

FAISALABAD: Governor Punjab Muhammad Balig-ur-Rehman has said that universities are the hub of research. He was...

Published 23 Jan, 2023 06:16am

Work on gas projects approved by PML-N govt to start soon: PM’s aide

SWAT: Adviser to the Prime Minister on Political and Public Affairs, National Heritage and Culture Engr Amir Muqam...

Published 23 Jan, 2023 06:12am

Light rain likely in KP, Kashmir and GB

ISLAMABAD: Cold and dry weather is expected in most plain areas of the country during the next 24 hours, according ...

Published 23 Jan, 2023 06:11am

The Weather

KARACHI: The weather report on Sunday (January 22, 2023) and the forecast for Monday (January 23, 2023)....

Published 23 Jan, 2023 05:57am

G-B PPP delegation meets Zardari

ISLAMABAD: A delegation of Pakistan Peoples Party Gilgit Baltistan, consisting of parliamentary and organising...

Published 23 Jan, 2023 05:57am

Industry

KP says endeavouring to expand PPP programme

ISLAMABAD: The Government of Khyber-Pakhtunkhwa is keen to expand its Public Private Partnership (PPP) programme. In...

Published 23 Jan, 2023 05:57am

Youths termed ‘precious national asset’

ISLAMABAD: President of the All Pakistan Chinese Overseas Youth Federation Aasma Ismail Butt said that the younger...

Published 23 Jan, 2023 05:57am

IRSA releases 43,100 cusecs of water

ISLAMABAD: Indus River System Authority (IRSA) on Sunday released 43,100 cusecs water from various rim stations with...

Published 23 Jan, 2023 05:57am

Wafaqi Mohtasib establishes offices in Sadda, Wana

PESHAWAR: The Federal Ombudsman (Wafaqi Mohtasib) Office has extended its services to merged districts of former...

Published 23 Jan, 2023 05:57am

Airlines face hurdles in benefiting from China’s reopening

NEW YORK: US and European airlines will benefit from pent-up demand for travel to China after its recent border...

Published 23 Jan, 2023 05:57am

Google to delay portion of staff bonus

NEW YORK: Alphabet Inc’s Google is deferring a portion of its employees’ year-end bonuses as part of a ...

Published 23 Jan, 2023 05:57am

Apple unveils faster M2 chips in rare January launch

BENGALURU: Apple Inc on Tuesday unveiled MacBooks powered by its new M2 Pro and M2 Max chips, in a surprise...

Published 23 Jan, 2023 05:57am

Macron wants Burkina ‘clarifications’ on call for French troops to leave

PARIS: President Emmanuel Macron on Sunday said Paris was awaiting clarifications from Burkina Faso after the ...

Published 23 Jan, 2023 05:57am

Offices of NA, Senate Secretariat closed for 3 days

ISLAMABAD: Due to short circuit in the Parliament House building, offices of National Assembly and Senate ...

Published 23 Jan, 2023 05:57am

Remington Pharma wins Major Gen Saeeduz-Zaman memorial polo tournament

LAHORE: Remington Pharma edged past Platinum Homes/Master Paints by 7-6 in the Major Gen Saeeduz-Zaman Janjua...

Published 23 Jan, 2023 05:57am

Balochistan govt depts: Youths frustrated over slow, inefficient process of recruitment

QUETTA: Balochistan continues to face a dearth of quality human resources as the provincial government is ...

Published 23 Jan, 2023 05:57am

Five flour mills issued show-cause notices over less supply

MULTAN: The Punjab Food Department has served show cause notices to five flour mills over less supply of government...

Published 23 Jan, 2023 05:57am

Rates

PKR: slide yet to be arrested

KARACHI: The rupee’s losing ways in the inter-bank market continued during the previous week as the currency...

Published 23 Jan, 2023 05:57am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (January 16 to...

Published 23 Jan, 2023 05:57am

Rates

Your rupee last half year

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

Published 23 Jan, 2023 05:57am

Letters

How much more will India under Modi regress?

In today’s India there is very little room for dissent or different point of view. That India has regressed...

Published 23 Jan, 2023 05:57am

US media rocked by layoffs amid economic gloom

From CNN to the Washington Post, US media are facing tough times, as a series of outlets have announced layoffs this...

Published 23 Jan, 2023 05:57am

IMF – No half measures

Last week it appeared that the economic reality is finally sinking into the government high-ups. The statement of...

Updated 23 Jan, 2023 08:22am

Counting the ways to borrow

Pakistan’s policy thrust today to get out of the ongoing very serious economic/financial imbroglio is, heads: seek...

Published 23 Jan, 2023 05:57am

Taxes

RTO Peshawar intensifies operations against sales tax evaders

PESHAWAR: The Chief Commissioner Inland Revenue, Regional Tax Office, Peshawar, Aqeel Ahmad Siddiqui has directed ...

Published 23 Jan, 2023 05:57am

Renowned businessman Byram D Avari passes away

KARACHI: Prominent businessman, Honorary Consul General of Canada in Karachi and two-time Asian Games gold medalist...

Published 23 Jan, 2023 05:57am

Saudi authorities praised for reducing Umrah insurance cost

ISLAMABAD: Pakistani officials and pilgrims on Sunday praised the Saudi authorities for their efforts to make Umrah...

Published 23 Jan, 2023 05:57am

Tourists advised to be extra cautious during visits to hilly areas

ISLAMABAD: Tourists visiting hilly areas of the country to enjoy snowy season during the current rain spell have ...

Published 23 Jan, 2023 05:57am

Iranian Navy vessels visit Karachi port

KARACHI: Iranian Navy ships and submarine on Sunday visited Karachi port and participated in a naval exercise with...

Published 23 Jan, 2023 05:57am

Marriyum accuses IK of looting charity money

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb says PTI chief Imran Khan has admitted...

Published 23 Jan, 2023 05:57am

Minister discharged from NICVD

KARACHI: Sindh Information Minister Sharjeel Memon was Sunday discharged from National Institute of Cardiovascular...

Published 23 Jan, 2023 05:57am

Rajab to begin on Tuesday

ISLAMABAD: Central Ruet-e-Hilal Committee Chairman Maulana Syed Muhammad Abdul Khabir Azad here on Sunday announced...

Published 23 Jan, 2023 05:57am

Seven Pak soldiers among 32 peacekeepers killed in 2022: UN body

NEW YORK: At least 32 UN peacekeeping personnel, including seven from Pakistan, were killed in deliberate attacks...

Published 23 Jan, 2023 05:57am

BCDA preparing master plan of Balochistan’s coastal areas

QUETTA: The Balochistan Coastal Development Authority (BCDA) is working on the master planning of the coastal line ...

Published 23 Jan, 2023 05:57am

Govt striving to revive economy: Sherpao

PESHAWAR: Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao has said the Pakistan Democratic Movement-led...

Published 23 Jan, 2023 05:57am

Police van comes under attack in KP

PESHAWAR: A bomb was exploded on Sunday through a remote-controlled device near a police van, planted on the ...

Published 23 Jan, 2023 05:57am

Use of technology stressed to deal with water scarcity

HYDERABAD: Use of technology is helpful in meeting water shortages that looms large over the country due to climate...

Published 23 Jan, 2023 05:57am

Balochistan CM flays desecration of Holy Quran in Sweden

QUETTA: Chief Minister Balochistan Mir Abdul Quddus Bizenjo, in strong terms, condemned the incident of the burning...

Published 23 Jan, 2023 05:57am

Punjab and KP assemblies: Nawaz to announce date of return after election schedule: PML-N

LAHORE :Federal Minister Mian Javed Latif said that Pakistan Muslim League-Nawaz (PML-N) supremo Mian Nawaz Sharif...

Published 23 Jan, 2023 05:57am

Bilawal to visit Uzbekistan for ECO ministers meeting

ISLAMABAD: Federal Minister for Foreign Affairs Bilawal Bhutto Zardari will pay an official visit to Tashkent,...

Published 23 Jan, 2023 05:57am

Security officer killed in Mastung

QUETTA: Personnel of the Levis force was killed while another received injuries in an attack on the Levis force...

Published 23 Jan, 2023 05:57am

Country self-sufficient only in political parties, media houses, says ex-PM

QUETTA: Former Prime Minister Shahid Khaqan Abbasi on Sunday stressed the need to ensure political stability to put...

Published 23 Jan, 2023 05:57am

Strong, stable Pakistan can guarantee Kashmir’s freedom: AJK president

MIRPUR (AJK): Azad Jammu and Kashmir President Barrister Sultan Mahmood Chaudhry said that a strong and stable...

Published 23 Jan, 2023 05:57am

Wazirabad attack probe: Differences among investigators force Punjab govt to change JIT members

LAHORE: The Punjab Home Department has once again altered the joint investigation team (JIT) probing the gun attack...

Published 23 Jan, 2023 05:57am

BJP govt blocks BBC documentary on Modi

NEW DELHI: India’s government said it has blocked videos and tweets sharing links to a BBC documentary about Prime...

Updated 23 Jan, 2023 09:18am

RTO Lahore: FTO unearths ‘maladministration’

ISLAMABAD: Federal Tax Ombudsman (FTO) has unearthed that the Regional Tax Office (RTO) Lahore has committed...

Updated 23 Jan, 2023 09:18am

LC issue: PALSP threatens to shut down steel units

ISLAMABAD: The documented steel sector will be forced to close down its units for an indefinite period in case the...

Updated 23 Jan, 2023 09:18am

Single returns portal: Failure to make portal functional for GST officials irks World Bank

ISLAMABAD: The World Bank (WB) has expressed concerns that the single returns portal has not yet become fully...

Updated 23 Jan, 2023 09:19am

Financial closure period: PPIB grants Kathai-II HPP extension

ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has granted a 12-month extension in financial closure...

Updated 23 Jan, 2023 09:20am

Rates

Futures spread up 38bps

KARACHI: The futures spread increased by 38bps to 11.25 percent on the last day of the outgoing week. Trading...

Published 23 Jan, 2023 05:57am

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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