News Archives for Print - 2023-03-04

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Print - 2023-03-04

Commodities

Gold prices nosedive

KARACHI: Gold prices on Friday slumped on the local market, traders said.The rates nosedived by Rs4900 to Rs201600...

Published 04 Mar, 2023 07:25am

PIA gets approval from PCAA to perform ‘Check Maintenance’ at Islamabad

KARACHI: After achieving approval of maintenance check for A320 aircraft at Islamabad by CAA Pakistan, PIA has now...

Published 04 Mar, 2023 07:23am

Policy measures sought to control ‘crisis’ of obesity

ISLAMABAD: On the occasion of ‘World Obesity Day’ on Friday, health experts and advocates in Pakistan have ...

Published 04 Mar, 2023 07:20am

‘One more conspiracy is being hatched to assassinate Imran’, alleges Babar Awan

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Babar Awan said on Friday that there are chances of one more attack...

Published 04 Mar, 2023 07:17am

Zardari, Fazl meet PM

ISLAMABAD: Pakistan People’s Party (PPP) co-chairman Asif Ali Zardari and Jamiat Ulema-e-Islam-Fazl (JUI-F) Chief...

Published 04 Mar, 2023 07:15am

Failure to reduce tuition fees: Senate panel lambastes education ministry

ISLAMABAD: A parliamentary panel lambasted the Education Ministry on Friday for its inability to ensure a 20 percent...

Published 04 Mar, 2023 07:12am

Nooriabad Power Cos reference: No verdict on acquittal pleas of CM Murad, others

ISLAMABAD: The Accountability Court, on Friday, did not announce its judgment on the acquittal pleas of Chief...

Published 04 Mar, 2023 07:09am

PML-N’s general council to elect party president on 10th

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) general council meeting has been convened on March 10 in Islamabad ...

Published 04 Mar, 2023 07:08am

CNS chairs BoG moot at Bahria University

ISLAMABAD: Chief of the Naval Staff Admiral Muhammad Amjad Khan Niazi NI (M) S.Bt, in his capacity as...

Published 04 Mar, 2023 07:05am

ATC judge displeased by IK’s approach to court decorum

ISLAMABAD: The Anti-Terrorism Court judge on Friday passed important remarks without naming Pakistan Tehreek-e-Insaf...

Published 04 Mar, 2023 07:03am

Businesspeople assail 300bps hike in interest rate

KARACHI: Business community has termed high interest rate disastrous for industries, SMEs. Irfan Iqbal Sheikh,...

Published 04 Mar, 2023 07:00am

Feb cement despatches decline 7.10pc to 4.348m tons YoY

LAHORE: Cement despatches declined by 7.10 percent in Feb 2023 as total despatches remained at 4.040 million tons...

Published 04 Mar, 2023 06:56am

CCP, PTA ink MoU on collaboration in ICT

ISLAMABAD: The Competition Commission of Pakistan (CCP) and Pakistan Telecommunication Authority (PTA) Friday signed...

Published 04 Mar, 2023 06:52am

SBP expedites proceedings against exporters for realisation of e-forms

LAHORE: The State Bank of Pakistan (SBP) has expedited proceedings against exporters for realization of E-forms by...

Published 04 Mar, 2023 06:50am

Maryam steps up criticism of IK

GUJRANWALA: Pakistan Muslim League-Nawaz (PML-N) senior vice president and Chief Organiser Maryam Nawaz has flayed...

Published 04 Mar, 2023 06:42am

Sharp drop in equity premium may mark return of 60/40 portfolio

The reward for holding US stocks over Treasury bonds has not been this unattractive since 2004, possibly setting the...

Published 04 Mar, 2023 06:39am

As China ages, investors bet they can beat retirement home stigma

Investors are betting big on a major attitude shift among elderly Chinese - that they will warm up to retirement...

Published 04 Mar, 2023 06:29am

Overseas Pakistanis’ right to vote: SC seeks progress report from ECP

ISLAMABAD: The Supreme Court questioned how the amendment of the law of the right to vote of overseas Pakistanis is...

Published 04 Mar, 2023 06:10am

Ready to talk with army chief: IK

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has said that he was ready to hold talks with the army...

Published 04 Mar, 2023 06:10am

PARTLY FACETIOUS: ‘The criticised were criticisers once’

“Retirement unlocks one’s tongue.” “Only retirement?” “Well retirement certainly, I am not sure who you...

Published 04 Mar, 2023 06:10am

Moody’s: there’s method in its madness

Moody’s Investors Service early this week downgraded Pakistan’s local and foreign currency issuer and senior...

Published 04 Mar, 2023 06:10am

Was it really worth the price?

Today I was once again reminded of the horrible tragedy in the Mediterranean where eight years ago the two-year-old...

Published 04 Mar, 2023 06:10am

Letters

Arrival of election season?

President Arif Alvi has announced April 30 as the date of elections in the most populous and politically important...

Published 04 Mar, 2023 06:10am

APNS Annual General Council Meeting on 20th

KARACHI: The Annual General Council Meeting of the APNS will be held on March 20, 2023 at Karachi. The Executive...

Updated 04 Mar, 2023 08:11am

Sindh CM says he’s optimistic about country’s economic prospects

KARACHI: Chief Minister Sindh Syed Murad Ali Shah has said that although Pakistan faces severe economic crises and...

Published 04 Mar, 2023 06:10am

15 more birth registration counters set up in Karachi, Hyderabad

KARACHI: The ongoing birth registration project with the support of Sindh Local Government Department and UNICEF has...

Updated 04 Mar, 2023 07:38am

President praises Punjab governor’s actions

LAHORE: Governor Punjab Muhammad Balighur Rehman met President of Pakistan, Dr. Arif Alvi, at Governor House Lahore,...

Published 04 Mar, 2023 06:10am

Pre-budget session: PTI, GDA MPAs stage walkout from Sindh Assembly

KARACHI: The PTI and GDA - two opposition parties on Friday staged a protest walkout from the Sindh Assembly, saying...

Published 04 Mar, 2023 06:10am

Apple iPhones

BENGALURU: Apple Inc’s iPhones will soon be assembled at another site in the southern Indian state of Karnataka ...

Published 04 Mar, 2023 06:10am

German minister arrives

ISLAMABAD: Germany’s Minister of State for Foreign Affairs Dr Tobias Lindner will arrive on a four-day official...

Published 04 Mar, 2023 06:10am

Probe ordered into Rs272bn ‘overpayment’ to CAA pensioners

ISLAMABAD: The meeting of the Senate Standing Committee on Aviation, on Friday, formed a sub-Committee to ...

Published 04 Mar, 2023 06:10am

Fawad’s alleged leaked video; SAPM urges SJC to take action

LAHORE: Special Assistant to Prime Minister Attaullah Tarar has urged the Supreme Judicial Council (SJC) to take...

Published 04 Mar, 2023 06:10am

APNS felicitates Syed Haroon Shah

KARACHI: “The All Pakistan Newspapers Society (APNS) congratulates Syed Haroon Shah, Chief Editor, Daily Wahdat on...

Published 04 Mar, 2023 06:10am

M Khan Bhatti given into police remand

LAHORE: Former principal secretary to CM Punjab Muhammad Khan Bhatti, arrested from Balochistan, was sent on remand...

Published 04 Mar, 2023 06:10am

Advocate Rana appointed PCB Election Commissioner

LAHORE: Former Deputy Attorney General and ex-Secretary of the Supreme Court Bar Association (SCBA) Ahmed Shehzad...

Updated 04 Mar, 2023 08:07am

‘Jail bharo’ movement: LHC asks Punjab govt to release leaders, workers of PTI

LAHORE: The Lahore High Court on Friday directed the Punjab caretaker government to release the leaders and the...

Published 04 Mar, 2023 06:10am

Companies

Unilever Pakistan, BPS organise conference counterfeits products

KARACHI: Unilever Pakistan has partnered with Brand Protection System (BPS) to organise a conference to highlight ...

Published 04 Mar, 2023 06:10am

TikTok introduces new feature in Family Pairing to safer digital experience

KARACHI: TikTok has introduced new feature in Family Pairing for safer digital experience. With the help of new...

Published 04 Mar, 2023 06:10am

Rear Admiral Muhammad Saleem takes over as Commander Karachi

KARACHI: Rear Admiral Muhammad Saleem assumed the responsibilities as Commander Karachi (COMKAR) during Change of...

Published 04 Mar, 2023 06:10am

PM affirms fraternal ties with Qatar in diverse fields

ISLAMABAD: Prime Minister of Pakistan Shehbaz Sharif on Friday affirmed the fraternal relations between Pakistan and...

Published 04 Mar, 2023 06:10am

Peace moot calls for promoting peace, tolerance

LAHORE: Speakers at a “Peace Moot” here on Friday called for promoting peace and tolerance in the society. The...

Updated 04 Mar, 2023 06:47am

Nestlé Pakistan wins 2nd prize at ‘Living Global Compact Best Practice’

LAHORE: Nestlé Pakistan won the second prize at Living the Global Compact Best Practice Sustainability Awards 2022,...

Published 04 Mar, 2023 06:10am

Experts propose to form hybrid seed institute for research on domestic seeds

HYDERABAD: To deal with the shortage of wheat and cotton seeds in Sindh, the provincial, federal agricultural and...

Published 04 Mar, 2023 06:10am

ESUP holds memorial for its past two presidents

KARACHI: The English Speaking Union (ESU) Pakistan remembered its past two presidents Byram D Avari (late) and ...

Published 04 Mar, 2023 06:10am

The Weather

KARACHI: The weather report on Friday (March 03, 2023) and the forecast for Saturday (March 04, 2023)...

Published 04 Mar, 2023 06:10am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on Friday...

Published 04 Mar, 2023 06:10am

Stocks

Last date of renunciation/payment

KARACHI: Last dates of renunciation/payment....

Published 04 Mar, 2023 06:10am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 04 Mar, 2023 06:10am

PL: Govt projects Rs175bn revenue shortfall

The government expected to raise rate of PL on high-speed diesel by Rs 5 to Rs 50 per litre

Updated 04 Mar, 2023 09:03am

Afghan Taliban reluctant to rein in TTP

ISLAMABAD: The Afghan Taliban’s interim government has expressed its reluctance to go against the outlawed...

Updated 04 Mar, 2023 09:10am

$1.3bn financing from China’s ICBC expected

ISLAMABAD: Finance Minister Ishaq Dar has stated that the budget deficit is manageable but the external account...

Updated 04 Mar, 2023 09:13am

Moody’s downgrades long-term deposit ratings of five banks

ISLAMABAD: Moody’s Investors Service (Moody’s) has downgraded to Caa3 from Caa1 the long-term deposit ratings of...

Updated 04 Mar, 2023 09:11am

Rates

Bullish trend persists on PSX

KARACHI: Bullish trend continued on Pakistan Stock Exchange on Friday on the back of aggressive buying in almost all...

Published 04 Mar, 2023 06:10am

World food prices fall for 11th month running in Feb: FAO

LONDON: The United Nations food agency’s world price index fell in February for an 11th consecutive month, and is...

Published 04 Mar, 2023 06:10am

‘US supports democratic, constitutional, legal principles in Pakistan’

WASHINGTION: A State Department spokesman Thursday sidestepped a question about arrest warrants issued against PTI...

Updated 04 Mar, 2023 09:13am

Polls in Punjab will be held on April 30: Alvi

ISLAMABAD: Hours after the Election Commission of Pakistan (ECP) sent President Dr Arif Alvi possible election...

Updated 04 Mar, 2023 09:13am

PPRA for exempting procurement of two second–hand vessels from rules

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has recommended the Federal Government to exempt...

Updated 04 Mar, 2023 09:08am

1HFY23: Non-tax revenue collection of govt stands at Rs896.434bn

ISLAMABAD: Non-tax revenue collection of federal government stood at Rs 896.434 billion during the first six months...

Updated 04 Mar, 2023 09:08am

Supply to Gwadar: Iran invited to discuss additional 100MW electricity tariff

ISLAMABAD: Pakistan has reportedly invited Iranian Energy Minister Ali Akbar Mehrabian to discuss tariff of...

Updated 04 Mar, 2023 09:03am

25pc ST on luxury goods’ import awaits cabinet’s nod

ISLAMABAD: Federal Cabinet has yet not approved 25 percent sales tax on the import of hundreds of luxury items and...

Updated 04 Mar, 2023 09:03am

Weekly SPI inflation down 0.30pc

ISLAMABAD: The Sensitive Price Indicator (SPI) based inflation for the week ended March 2, 2023, recorded a decrease...

Published 04 Mar, 2023 06:10am

Terror, politics and economy

EDITORIAL: The Central Apex Committee (CAC), in its meeting last Friday, merely echoed what much of the country has...

Published 04 Mar, 2023 06:10am

Human smuggling: deadly business

EDITORIAL: After much confusion as regards the number of people on board the ill-fated boat , the facts that seem to...

Published 04 Mar, 2023 06:10am

Stocks

KSE index companies’ PAT grows 10pc YoY

KARACHI: Inspite of economic challenges, KSE index companies’ after-tax earnings (PAT) have grown by 10 percent ...

Published 04 Mar, 2023 06:10am

Cotton & Textile

Over 4.8m cotton bales reach ginneries: Cotton spot rate firm after PCGA report

LAHORE: The local cotton market on Friday remained steady and the trading volume remained low. Cotton Analyst...

Published 04 Mar, 2023 06:10am

Companies

‘Int’l Property Show’ in Dubai: RUDA signs seven MoUs

LAHORE: Ravi Urban Development Authority (RUDA) has signed seven Memorandums of Understanding (MoUs) during the...

Published 04 Mar, 2023 06:10am

Promoting Islamic financial markets: SECP issues ‘Shariah Governance Regulations, 2023’

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) Friday issued Shariah Governance Regulations,...

Published 04 Mar, 2023 06:10am

Industry

Summary for winding up PGJDC opposed

ISLAMABAD: The gems and jewellery sector has urged the federal government to reject a summary moved by the Ministry...

Published 04 Mar, 2023 06:10am

Industry

Govt help sought to revive mobile manufacturing industry

KARACHI: Former State Minister and Chairman Board of Investment (BoI) Muhammad Azfar Ahsan has sought the...

Published 04 Mar, 2023 06:10am

Taxes

Firms urged to improve their accounting system

KARACHI: Chief Commissioner of Income Tax, Corporate Tax Office Karachi Dr. Najeeb Ahmed Memon has said that...

Published 04 Mar, 2023 06:10am

Taxes

FBR to issue legal clarification about scope of builders & developers

ISLAMABAD: The Federal Board of Revenue (FBR) will issue a legal clarification whether contractors involved in ...

Published 04 Mar, 2023 06:10am

Taxes

FBR imposes sales tax on import of printed materials

ISLAMABAD: The Customs Classification Committee of the Federal Board of Revenue (FBR) has imposed sales tax on the...

Published 04 Mar, 2023 06:10am

Industry

Almoiz Group bags six awards at NFEH Annual CSR Summit 2023

ISLAMABAD: Almoiz Group of Industries, a leading conglomerate with diversified businesses in sugar, steel, power,...

Published 04 Mar, 2023 06:10am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (March 03, 2023). ======================== Open Bid Rs...

Published 04 Mar, 2023 06:10am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (March 03, 2023)....

Published 04 Mar, 2023 06:10am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (March 03, 2023)....

Published 04 Mar, 2023 06:10am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (March 03, 2023). ==================================== BR...

Published 04 Mar, 2023 06:10am

Rates

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 04 Mar, 2023 06:10am

Rates

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 04 Mar, 2023 06:10am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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