News Archives for Print - 2023-03-05

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Print - 2023-03-05

UN chief slams rich countries’ treatment of poor states

DOHA: UN Secretary-General Antonio Guterres on Saturday slammed the world’s rich countries and energy giants for...

Published 05 Mar, 2023 03:36am

PML-N lawyers file complaint against Justice Naqvi

Petition argues Justice Mazahar Naqvi has deviated from the Code of Conduct of the judges

Updated 05 Mar, 2023 10:18am

Election date likely to be announced tomorrow: KP governor

Governor says ECP’s letter to his principal secretary was received last night at 8 pm

Updated 05 Mar, 2023 10:19am

South Asia

Oxygen plant blast kills 5 in BD

CHITTAGONG: At least five people were killed and dozens were injured in an explosion at an oxygen plant outside...

Published 05 Mar, 2023 03:36am

Bilawal to leave for New York next week

Will chair the Conference on 'Women in Islam: Understanding the rights and Identity of Women in the Islamic World'

Updated 05 Mar, 2023 10:21am

A year on, Ukraine’s embattled nuclear plant turned Russian ‘military base’

Ukraine’s Zaporizhzhia nuclear power plant no longer produces electricity and serves solely as a military base for...

Published 05 Mar, 2023 03:36am

Textile industry: water management

Unsustainable industrial water consumption has become a massive environmental sustainability challenge. Discharge of...

Published 05 Mar, 2023 03:36am

Seven countries to participate: Two women’s squads unveiled for ‘Women’s League’ exhibition matches

LAHORE: Pakistan Cricket Board (PCB) Saturday unveiled the two women’s squads for the three Women’s League...

Published 05 Mar, 2023 03:36am

Authorities ban ‘Women’s Day’ march in Lahore

LAHORE: Authorities in Lahore have refused permission for a rally to mark International Women’s Day, which...

Published 05 Mar, 2023 03:36am

President, wife meet family to condole death of Amjad

LAHORE: President Dr Arif Alvi and First Lady Begum Samina Alvi on Saturday visited the residence of late Amjad ...

Published 05 Mar, 2023 03:36am

Letters

Policy of forgiveness

It is heartening to note that Pakistan Tehrik-e-Insaf (PTI) chairman Imran Khan has finally adopted the policy of...

Published 05 Mar, 2023 03:36am

Habib University inaugurates Endowed Faculty Chair in Wisdom & Humanities

KARACHI: Habib University inaugurated the Imam Ali Ibn-Abi-Talib (AS) Endowed Faculty Chair in Wisdom and ...

Published 05 Mar, 2023 03:36am

Petition of Ariba Naeem: In case guardian is not appointed, decree against child remains void: LHC

LAHORE: The Lahore High Court held that in cases where a minor remained without proper representation and there is ...

Published 05 Mar, 2023 03:36am

UC 4 Gulshan-e-Hadeed: JI sees rigging as PPP ‘wins’ after recounting

KARACHI: Jamaat-e-Islami (JI) Karachi Ameer Engr Hafiz Naeemur Rehman has accused the Pakistan People Party...

Published 05 Mar, 2023 03:36am

Heatwaves predicted for Mar-May period

KARACHI: The Met Office has forecast a series of heat waves spells for the most parts of the country during March to...

Published 05 Mar, 2023 03:36am

ZU, ICCIA sign MoU to launch Green Waqf Initiative

KARACHI: Ziauddin University (ZU) and the Islamic Chamber of Commerce, Industry & Agriculture (ICCIA) signed a...

Published 05 Mar, 2023 03:36am

Steps being taken to control inflation, but political stability needed: minister

MUZAFFARGARH: Federal Minister for Poverty Alleviation and Chairperson Benazir Income Support Programme Shazia Marri...

Published 05 Mar, 2023 03:36am

Sharp increase in theft of vehicles seen in ICT

ISLAMABAD: The heavily-guarded capital city witnessed a sharp increase in incidents of motor vehicle thefts last...

Published 05 Mar, 2023 03:36am

First int’l conference on ‘Biodiversity of Arid Zone’ to be held at SAU sub-campus

HYDERABAD: First International Conference on “Biodiversity of Arid Zone” will begin on Tuesday at Sindh...

Published 05 Mar, 2023 03:36am

CS vows to support KCCI in holding expos, other events

KARACHI: Chief Secretary Sindh Sohail Rajput, during his visit to My Karachi Exhibition here on Saturday, extended...

Published 05 Mar, 2023 03:36am

Ambassador of Turkiye calls on finance minister

ISLAMABAD: Ambassador of the Republic of Turkiye to Pakistan Dr Mehmet Pacaci Saturday called on Minister for ...

Published 05 Mar, 2023 03:36am

High court annuls SPSC exams 2020

KARACHI: The Sindh High Court (SHC) on Saturday annulled the Sindh Public Service Commission (SPSC) examinations ...

Published 05 Mar, 2023 03:36am

Elections to be held as required under Constitution: PPP

ISLAMABAD: Pakistan People’s Party (PPP) Secretary General Syed Nayyar Husain Bokhari said that elections would ...

Published 05 Mar, 2023 03:36am

Govt committed to extending all-out support to facilitate Hajjis: Dar

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar on Saturday expressed a firm commitment to extend maximum...

Published 05 Mar, 2023 03:36am

ICCI chief discusses launch of TV, radio channels with Pemra chairman

ISLAMABAD: Ahsan Zafar Bakhtawari President Islamabad Chamber of Commerce and Industry (ICCI), leading a delegation,...

Published 05 Mar, 2023 03:36am

Plea seeks contempt proceedings against Imran

LAHORE: A bar member lawyer has approached the Lahore High Court seeking contempt proceedings against former Prime...

Published 05 Mar, 2023 03:36am

Petition against minister filed for ‘scandalising judiciary’

LAHORE: A lawyer on Saturday has filed a contempt petition against interior minister Rana Sanaullah Khan before the...

Published 05 Mar, 2023 03:36am

Energy

Asia’s Hi-5 fuel oil

SINGAPORE: Asia’s hi-5 fuel oil spread narrowed to nearly 11-month lows on Friday, as market trends continued to...

Published 05 Mar, 2023 03:36am

Energy

US natural gas futures up

NEW YORK: US natural gas futures rose about 3% to a five-week high on Friday, with the amount of gas flowing to US...

Published 05 Mar, 2023 03:36am

The Weather

KARACHI: The weather report on Saturday (March 04, 2023) and the forecast for Sunday (March 05, 2023)....

Published 05 Mar, 2023 03:36am

PSDP 2023-24: Finance Div seeks Rs2.958bn allocation

ISLAMABAD: The Finance Division has proposed an allocation of Rs 2958.482 million under the public sector...

Updated 05 Mar, 2023 01:57pm

Pakistan receives $500m financing from Chinese bank

ISLAMABAD: Pakistan has received $500 million from the Industrial and Commercial Bank of China Ltd (ICBC), Federal...

Published 05 Mar, 2023 03:36am

Jul-Feb: FBR collection shows Rs240bn shortfall

After the imposition of taxes of Rs 170 billion in the mini-budget, the new annual tax target of the FBR fixed at Rs7.64 trillion

Updated 05 Mar, 2023 01:42pm

World Bank willing to fund fan replacement plan

ISLAMABAD: The World Bank (WB) has shown willingness to extend financing for government initiative to replace...

Updated 05 Mar, 2023 01:44pm

Nepra accuses NTDC of failing to evacuate cheap Thar electricity

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has accused National Transmission and Despatch...

Updated 05 Mar, 2023 10:09am

PD ready for energy security dialogue with US

ISLAMABAD: Power Division has shown its readiness for Energy Security Dialogue with the United States on March 15,...

Updated 05 Mar, 2023 10:14am

PML-N to steer the country out of ‘crises’, says Maryam

GUJRANWALA: Pakistan Muslim League-Nawaz (PML-N) senior vice-president and Chief Organizer Maryam Nawaz said on...

Updated 05 Mar, 2023 10:13am

Imran says ‘ready to forgive all for sake of country’

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Saturday said that he was ready to “forgive everyone”...

Updated 05 Mar, 2023 12:52pm

Punjab approves wheat purchase policy

LAHORE: Punjab Cabinet, which met here Saturday accorded approval to ‘Wheat Purchase Policy for 2023- 2024’ ...

Updated 05 Mar, 2023 10:13am

Lt-Gen Nazir Ahmad (retd) is now new NAB chairman

ISLAMABAD: The federal government on Saturday appointed Lieutenant General Nazir Ahmad (retired) as chairman of the...

Updated 05 Mar, 2023 10:12am

Ongoing crisis result of ‘last 75 years’ mistakes’, says Miftah

KARACHI: Former finance minister Miftah Ismail has said Pakistan has reached to this state owing to the mistakes of...

Published 05 Mar, 2023 03:36am

PTA data for January: 0.87m cell phones produced locally as compared to 0.07m imported ones

ISLAMABAD: Local plants manufactured or assembled 0.87 million mobile handsets during January of 2023 compared to...

Updated 05 Mar, 2023 10:08am

Withholding tax adjustment by CNG stations: FBR circular can’t be applied retrospectively: FTO

ISLAMABAD: The Federal Tax Ombudsman (FTO) has declared that the Federal Board of Revenue’s (FBR’s) circular on...

Published 05 Mar, 2023 03:36am

India raises crude oil windfall tax, cuts diesel export tax

NEW DELHI: India raised its windfall tax on crude oil marginally while cutting the tax on exports of diesel,...

Published 05 Mar, 2023 03:36am

LDCs’ conference: PM leaving for Doha today

ISLAMABAD: Prime Minister Shehbaz Sharif will embark on a two-day visit to Qatar today (Sunday) to participate in ...

Updated 05 Mar, 2023 10:09am

Terrorism in Pakistan: US perspective

EDITORIAL: The US State Department’s perspective on terrorism in Pakistan remains bereft of the whole truth, yet ...

Published 05 Mar, 2023 03:36am

Breakthrough in Kabul?

EDITORIAL: The proof of the pudding will lie in the eating, no doubt, even as a high-level Pakistani delegation...

Published 05 Mar, 2023 03:36am

Taxes

Tier-1 retailers unhappy with direct imposition of ‘highest’ penalty

LAHORE: The Tier-1 Retailers (T-1Rs) are offended with direct imposition of the highest degree of penalty by the...

Published 05 Mar, 2023 03:36am

Commodities

Gold price declines by Rs1600 per tola

KARACHI: Gold prices on Saturday further declined on the local market, traders said. The rates fell by Rs1600 to...

Published 05 Mar, 2023 03:36am

PM wants promotion of Pak-US trade, investment relations

LAHORE: Prime Minister Muhammad Shehbaz Sharif has asked the Pakistani Mission in Washington and the authorities in...

Published 05 Mar, 2023 03:36am

Withdrawal of power subsidy to hurt exports further: FPCCI

KARACHI: Irfan Iqbal Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...

Published 05 Mar, 2023 03:36am

Need stressed for investments in agri sector

KARACHI: An Agriculture Investment Symposium was held to bring together key stakeholders, including investors,...

Published 05 Mar, 2023 03:36am

Economy under extreme pressure: analyst

KARACHI: The Pakistan economy is continuing under extreme pressure and the ease is missing. High jump of dollar,...

Published 05 Mar, 2023 03:36am

SECP issues new Shariah Governance Regulations, 2023

ISLAMABAD: The proposed “Shariah supervisory board” of the Islamic financial institutions would ensure that the...

Published 05 Mar, 2023 03:36am

Commodities

CBOT corn firm on technical bounce

CHICAGO: Chicago Board of Trade corn futures rose on Friday, supported by a round of speculative buying with traders...

Published 05 Mar, 2023 03:36am

Commodities

Brazil approves GMO wheat

BUENOS AIRES/SAO PAULO: Brazil has approved the cultivation and sale of drought-tolerant genetically modified wheat,...

Published 05 Mar, 2023 03:36am

Commodities

Canola futures ease

CHICAGO: ICE Canada canola futures ended lower on Friday on profit-taking ahead of the weekend and spill-over...

Published 05 Mar, 2023 03:36am

Commodities

Japanese rubber futures dip on stronger yen

SINGAPORE: Japanese rubber futures fell on Friday, as a firmer yen made the commodity less affordable for buyers...

Published 05 Mar, 2023 03:36am

Commodities

Indian rice export rates ease, BD aims to combat hoarding

MUMBAI/HANOI /BANGKOK/DHAKA: Prices of rice shipped from top hub India eased this week on a slowdown in demand from...

Published 05 Mar, 2023 03:36am

Commodities

French soft wheat crop rating unchanged

PARIS: The condition of soft wheat in the week to Feb. 27 was unchanged from the previous week, farm office...

Published 05 Mar, 2023 03:36am

Commodities

Dalian iron ore hits multi-month high

BEIJING: Dalian iron ore futures hit an eight-month high on Friday, driven by favourable fundamentals and optimism...

Published 05 Mar, 2023 03:36am

Commodities

India’s 2022/23 vegoil imports seen at 15 million tonnes

SINGAPORE: India’s edible oil imports are forecast to climb to 15 million tonnes in the year to October 2023, up...

Published 05 Mar, 2023 03:36am

Commodities

Asia gold: China demand buoyant, India ramps up purchases

BENGALURU /MUMBAI: Physical gold prices traded at a premium in India this week, as a drop in domestic rates...

Published 05 Mar, 2023 03:36am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 04, 2023)....

Published 05 Mar, 2023 03:36am

Cotton & Textile

No noticeable change on cotton market

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

Published 05 Mar, 2023 03:36am

Industry

Increase in agriculture yields: Governor forms three sub-committees to recommend strategy

LAHORE: The Governor Punjab Muhammad Balighur Rehman has constituted three committees on rice, cotton and minor ...

Published 05 Mar, 2023 03:36am

Industry

PALSP seeks govt’s support for export industry of recycled copper

LAHORE: Members of Pakistan Association of Large Steel Producers (PALSP) on Saturday appealed to the government to...

Published 05 Mar, 2023 03:36am

Industry

TDAP organises ‘Her Hunar’ exhibition

ISLAMABAD: Trade Development Authority of Pakistan (TDAP) on Saturday organized Her Hunar exhibition at Pak-China...

Published 05 Mar, 2023 03:36am

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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