News Archives for Print - 2023-02-26

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Print - 2023-02-26

Europe

EU adopts fresh sanctions amid vow to ramp up pressure on Moscow

BRUSSELS: The European Union vowed to increase pressure on Moscow “until Ukraine is liberated” as it adopted a...

Published 26 Feb, 2023 03:27am

Govt yet to appoint new PTA chairman

ISLAMABAD: The Pakistan Telecommuni-cation Authority (PTA) is being run headless for more than 50 days, as the...

Updated 26 Feb, 2023 09:58am

Islamic finance industry facing challenge of undocumented economy: SECP

ISLAMABAD: The Islamic finance industry in Pakistan is facing the biggest challenge of undocumented economy and...

Published 26 Feb, 2023 03:27am

Vehicle importers: FTO tells FBR that MCCs must not show any discrimination

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure that the Model...

Published 26 Feb, 2023 03:27am

Ramazan moon likely to be visible on March 22

KARACHI: The new moon of Ramazan-ul-Mubarrak 1444 AH is expected to be visible on the eve of March 22, 2023, for...

Published 26 Feb, 2023 03:27am

Land dispute: Four shot dead as rivals clash in Sukkur

SUKKUR: At least four people were killed and another injured when rivals trade fire in Bagurji area of Sukkur on...

Published 26 Feb, 2023 03:27am

Concern expressed over growing food insecurity

KARACHI: Pakistan Business Forum (PBF) says in developing nations like Pakistan, food security is a major concern....

Published 26 Feb, 2023 03:27am

Cases of mobile snatching, car lifting increase manifold

ISLAMABAD: Mobile phone snatching and car lifting incidents have increased manifold in the capital city during the...

Published 26 Feb, 2023 03:27am

Six PTI leaders sent to Shahpur Jail

SARGODHA: Of total 47 Pakistan Tehreek-e-Insaf (PTI) workers and leaders, including party’s six ex-MNAs and...

Published 26 Feb, 2023 03:27am

Senate chairman, Punjab governor discuss political situation

LAHORE: Chairman Senate, Sadiq Sanjrani, called on Governor Punjab, Muhammad Balighur Rehman, at Governor House...

Published 26 Feb, 2023 03:27am

NA-16 by-polls: PTI gives ticket to Ali Asghar

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Tehreek-e-Insaf on Saturday formally allotted a party ticket to Ali Asghar...

Published 26 Feb, 2023 03:27am

About one-quarter of Earth’s terrestrial surface now under cultivation: PHHSA chief

LAHORE: Roughly one-quarter of the Earth’s terrestrial surface is now under cultivation with more land converted ...

Published 26 Feb, 2023 03:27am

Wazirabad attack: PTI rejects new JIT

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Central Punjab President Dr Yasmin Rashid has rejected the new joint...

Published 26 Feb, 2023 03:27am

SAU faculty members among teachers selected for visits to US, Indonesia

HYDERABAD: The representatives of selected universities of Pakistan, including the teachers of Sindh Agriculture...

Published 26 Feb, 2023 03:27am

Bhara Kahu bypass project: Two labourers killed as under-construction flyover collapses

ISLAMABAD: Two labourers lost their lives while three others were injured when shuttering of an under-construction...

Published 26 Feb, 2023 03:27am

Keti Bandar villages inundated after dyke breach

THATTA: Seawater flooded three villages near coastal town of Keti Bandar after breach in a protective embankment...

Published 26 Feb, 2023 03:27am

Webinar on Facts of the Russia-Ukraine Conflict’ held

KARACHI: The Department of International Relations at Federal Urdu University Abdul Haq Campus hosted a webinar on...

Published 26 Feb, 2023 03:27am

Bilawal announces 25pc increase in BISP stipend

KARACHI: Chairman Pakistan Peoples Party and Foreign Minister Bilawal Bhutto Zardari on Saturday said that there ...

Published 26 Feb, 2023 03:27am

The Weather

KARACHI: The weather report on Saturday (February 25, 2023) and the forecast for Sunday (February 26, 2023)....

Published 26 Feb, 2023 03:27am

Trade resumes after key border crossing reopens

Around 1,400 trucks on the Pakistan side still waiting to cross into Afghanistan, an official says

Updated 26 Feb, 2023 04:29pm

DG I&I-IR starts separating cases of tax evasion and money laundering

ISLAMABAD: Directorate General of Intelligence and Investigation Inland Revenue (DG I&I-IR) has started...

Updated 26 Feb, 2023 09:57am

Punjab decides to implement austerity plan

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi presided over the 7th provincial cabinet meeting at CM Office...

Updated 26 Feb, 2023 09:57am

Suo moto on polls date: 3 coalition partners request SC to constitute bench sans 2 judges

ISLAMABAD: Three major coalition partners in Pakistan Democratic Movement (PDM) government prayed to the Supreme...

Updated 26 Feb, 2023 09:57am

‘2-judge’ controversy: IK, Maryam trade barbs

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan and Pakistan Muslim League-Nawaz (PML-N) chief...

Updated 26 Feb, 2023 09:57am

PPRA decides to start e-procurement at federal level

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has decided to start E-Procurement System at the...

Updated 26 Feb, 2023 09:59am

Karachi: markets, malls to be shut by 8:30pm

KARACHI: Commissioner Karachi Muhammad Iqbal Memon on Saturday issued new orders to shut down markets and shopping...

Updated 26 Feb, 2023 09:58am

Tough contest expected: By-election on NA-193 Rajanpur today

Constituency has 237 polling stations, of which, 68 are marked as highly sensitive and all the remaining 169 have been marked as sensitive

Updated 26 Feb, 2023 10:03am

Zahir Shah appointed as NAB acting chairman

Newly-appointed acting chairman has been working with the body for more than a decade

Updated 26 Feb, 2023 10:04am

12 killed, several injured in road traffic accident

ISLAMABAD: At least 12 persons were killed and several others were injured in the pileup involving three vehicles in...

Updated 26 Feb, 2023 10:05am

Overseas Pakistanis: Dar asks CDA authorities to fast-track execution of housing projects

ISLAMABAD: Minister for Finance and Revenue Ishaq Dar on Saturday directed the CDA authorities for fast track and...

Published 26 Feb, 2023 03:27am

Prohibited funding case: Imran asked to appear before banking court on 28th

ISLAMABAD: A special court on Saturday ordered Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan to appear before ...

Published 26 Feb, 2023 03:27am

‘Abduction, torture’ of guard: Imran again urges CJP to protect citizens’ rights

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has again appealed to Chief Justice of Pakistan (CJP) ...

Published 26 Feb, 2023 03:27am

Recording of phone calls: LHC registrar objects to PTI leader’s petition

LAHORE: The registrar’s office of Lahore High Court on Saturday raised an objection to a petition filed by Punjab...

Published 26 Feb, 2023 03:27am

Suo motu case about elections: SCBA split over representation issue

ISLAMABAD: The Supreme Court Bar Association (SCBA) is split over who will represent the body before the Supreme...

Published 26 Feb, 2023 03:27am

Automart: car prices in Karachi

Rates in the week ended Saturday February 25, 2023

Published 26 Feb, 2023 03:27am

Karachiites not to compromise on fairness of census: JI

KARACHI: Chief of the Karachi chapter of Jamaat-e-Islami (JI) Hafiz Naeem-ur-Rehman has said that the future of...

Published 26 Feb, 2023 03:27am

Commodities

Gold prices decline

KARACHI: Gold prices on Saturday further declined on the local market, traders said. They reduced by Rs1000 to...

Published 26 Feb, 2023 03:27am

Commodities

Call for increasing wheat support price

ISLAMABAD: Growers have urged the provincial governments of Punjab and Khyber Pakhtunkhwa to follow Sindh province...

Published 26 Feb, 2023 03:27am

Incoming World Bank chief faces tests before he gets to climate

Ajay Banga, US President Joe Biden’s pick to run the World Bank, will face a tough slate of issues around the...

Published 26 Feb, 2023 03:27am

Euclid spacecraft prepares to probe universe’s dark mysteries

For now, Europe’s Euclid spacecraft sits quietly in a sterilised room in the south of France, its golden trim...

Published 26 Feb, 2023 03:27am

Pakistan’s textile industry: Barriers to renewable energy transition

Energy sector is the largest GHG producer in Pakistan. It is estimated that the energy demand in the country will...

Published 26 Feb, 2023 03:27am

Letters

Road traffic accident deaths

Three years ago, the World Health Organization (WHO) said that its data showed that road traffic accident deaths in...

Published 26 Feb, 2023 03:27am

Commodities

ISO trims global sugar surplus forecast

LONDON: The International Sugar Organization (ISO) on Friday trimmed its forecast for the size of a global sugar...

Published 26 Feb, 2023 03:27am

Commodities

Vietnam coffee prices hit record high

HANOI/BANDAR LAMPUNG, (Indonesia): Domestic coffee prices in Vietnam, the world’s biggest robusta beans supplier,...

Published 26 Feb, 2023 03:27am

Energy

US natgas up on colder weather forecasts

NEW YORK: US natural gas futures gained more than 3% ahead of the expiry of the front-month March contract on Friday...

Published 26 Feb, 2023 03:27am

Commodities

Heavy US supply outlooks dent optimistic corn market

NAPERVILLE, (Ill.): Although not totally unexpected, corn bulls were bummed on Thursday to see the sizable supply...

Published 26 Feb, 2023 03:27am

Commodities

Japanese rubber futures edge higher

SINGAPORE: Japanese rubber futures edged higher on Friday and headed for its first weekly rise in four, lifted by...

Published 26 Feb, 2023 03:27am

Energy

VLSFO premium at three month-low

SINGAPORE: Asia’s spot premium for 0.5% very low sulphur fuel oil eased for a seventh consecutive session to a...

Published 26 Feb, 2023 03:27am

Commodities

Iron ore futures dip on regulatory risks

MANILA: Dalian and Singapore iron ore futures dipped on Friday, with regulators in China seeking to curb exuberance...

Published 26 Feb, 2023 03:27am

Commodities

Canola futures slip

CHICAGO: ICE Canada canola futures closed mostly lower on Friday pressured by weakness in Chicago Board of Trade...

Published 26 Feb, 2023 03:27am

Commodities

CBOT wheat slides on competition for global export sales

CHICAGO: Chicago Board of Trade wheat futures tumbled on Friday on concerns about competition for export business,...

Published 26 Feb, 2023 03:27am

Commodities

Soil health, price volatility may hinder China’s GM corn efforts

NAPERVILLE, (Ill.): China, which plants more corn than any other country, has launched plans to begin sowing...

Published 26 Feb, 2023 03:27am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday (February 25, 2023)....

Published 26 Feb, 2023 03:27am

Cotton & Textile

Thin business on cotton market

LAHORE: The local cotton market on Saturday remained bearish and the trading volume remained very low. Cotton...

Published 26 Feb, 2023 03:27am

No G20 joint statement after China objections on Ukraine war

BENGALURU: G20 finance ministers failed Saturday to agree to a joint statement on the global economy at talks in...

Updated 26 Feb, 2023 09:57am

World Bank promises ‘concessionality’ in debt restructuring

BENGALURU: The World Bank will “provide as much concessionality to the debt treatment” for distressed economies...

Published 26 Feb, 2023 03:27am

Consultation begins to revive stalled renewable energy projects

ISLAMABAD: The federal government has initiated consultation for a way forward on dozens of stalled wind and solar...

Updated 26 Feb, 2023 09:57am

MoF denies instruction to stop salary, pension payments

ISLAMABAD: Finance Ministry has said that there are rumours floating around that government has instructed to stop...

Published 26 Feb, 2023 03:27am

Two-wheeler industry witnesses record exports

LAHORE: Despite disruptions in production processes, supply chain constraints and cost crises, the engineering ...

Published 26 Feb, 2023 03:27am

Industry

Need to develop agri sector stressed

KARACHI: In the current situation in Pakistan, there is a need to pay attention to the development of agriculture...

Published 26 Feb, 2023 03:27am

Taxes

FBR yet to implement key order of PIC

ISLAMABAD: A key order issued by the Pakistan Information Commission (PIC) remained unimplemented by the Federal...

Published 26 Feb, 2023 03:27am

Money & Banking

Potential of digital payment ecosystem highlighted

ISLAMABAD: Executive Vice President of Global Business Development, Omar El Gammal said there is incredible ...

Published 26 Feb, 2023 03:27am

Pakistan, Italy resolve to strengthen economic ties

LAHORE: Pakistan and Italy will further strengthen economic ties and reinforce bilateral cooperation in all diverse...

Published 26 Feb, 2023 03:27am

Industry

Corporate firms accused of deducting contributions for unapproved gratuity funds

LAHORE: Corporate firms are found deducting contributions made to unapproved gratuity funds while computing the...

Published 26 Feb, 2023 03:27am

Money & Banking

OPD consultation for customers: MMBL signs MoU with leading telemedicine platform

ISLAMABAD: The Mobilink Microfinance Bank Limited (MMBL) has signed a Memorandum of Understanding (MoU) with Sehat...

Published 26 Feb, 2023 03:27am

KCCI calls for SRCs in all districts of Karachi

Industry

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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