News Archives for Print - 2023-03-20

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Print - 2023-03-20

Industry

Enhancement in exports requires wide structural reforms, says BMP

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel stressing the need for...

Published 20 Mar, 2023 06:56am

Significant boost in exports likely: UBG: PM felicitated on two-year extension in GSP Plus status

KARACHI: The United Business Group (UBG) has expressed the hope that grant of two-year extension in the GSP Plus...

Published 20 Mar, 2023 06:53am

Middle East

Assad arrives in UAE

DUBAI: Syrian President Bashar al-Assad met Sunday with Emirati leaders in Abu Dhabi, his second Gulf visit since...

Published 20 Mar, 2023 06:12am

The Weather

KARACHI: The weather report on Sunday (March 19, 2023) and the forecast for Monday (March 20, 2023)....

Published 20 Mar, 2023 06:12am

Minister urges Islamic states to pool resources, expertise

ISLAMABAD: Federal Minister for Education and Professional Training Rana Tanveer Hussain on Sunday emphasized the...

Published 20 Mar, 2023 06:12am

Incidence of bonded labour in Sindh rises after floods: HWA

HYDERABAD: After floods in August 2022 in Sindh, due to non-implementation of the Sindh Bonded Labour System...

Published 20 Mar, 2023 06:12am

President terms cyber-security ‘national priority’

KARACHI: President Dr Arif Alvi has highlighted the significance of cyber-security and termed it a national ...

Published 20 Mar, 2023 06:12am

Putin visits Mariupol in first trip to occupied territory

KYIV: Russian President Vladimir Putin made a surprise trip to Mariupol, the Kremlin said Sunday, his first visit to...

Published 20 Mar, 2023 06:12am

Asia

North Korea fires short-range ballistic missile

SEOUL: North Korea fired a short-range ballistic missile on Sunday, Seoul’s military said, the fourth show of ...

Published 20 Mar, 2023 06:12am

Asia

Former Taiwan president Ma to visit China

TAIPEI: Former Taiwan President Ma Ying-jeou will visit China this month, his office said on Sunday, the first time ...

Published 20 Mar, 2023 06:12am

Asia

Kazakhstan votes in snap parliamentary polls

ASTANA: Kazakhstan on Sunday voted in snap parliamentary polls that saw new faces on the ballot, but opposition...

Published 20 Mar, 2023 06:12am

Europe

EU proposes power market revamp to blunt price spikes

BRUSSELS: The European Commission proposed a revamp of Europe’s electricity market rules on Tuesday, to try to...

Published 20 Mar, 2023 06:12am

IMF deal violation by PTI govt described as conspiracy

FAISALABAD: Federal Interior Minister Rana Sana Ullah Khan said on Sunday that signing of an International Monetary...

Published 20 Mar, 2023 06:12am

Troops seize huge cache of arms near Chaman

RAWALPINDI: An intelligence-based operation was carried out in general area Rehman Kahul, Chaman, to clear a...

Published 20 Mar, 2023 06:12am

Need stressed to further strengthen Pak-SL relations

PESHAWAR: High Commissioner of Sri Lankan (SL) in Pakistan Vice Admiral Mohan Wijewickrama has called for further...

Published 20 Mar, 2023 06:12am

PPP to field its own candidates during polls: Bukhari

PESHAWAR: Secretary General Pakistan Peoples Party (PPP) Syed Nayyar Hussain Bukhari has said that his party will...

Published 20 Mar, 2023 06:12am

Qureshi asks Dar to clarify his missile statement

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) vice chairman Shah Mahmood Qureshi on Sunday demanded that Finance ...

Published 20 Mar, 2023 06:12am

Saad meets governor

LAHORE: Federal Minister for Railways and Aviation, Khawaja Saad Rafique met Governor Punjab Muhammad Balighur ...

Published 20 Mar, 2023 06:12am

Section 144 imposed in Peshawar, other KP cities

PESHAWAR: In view of the alarming law and order situation, the Khyber Pakhtunkhwa caretaker government has imposed...

Published 20 Mar, 2023 06:12am

Amjad Niazi among 60 PTI workers sent to Adiala jail

ISLAMABAD: A local court on Sunday sent 60 workers of Pakistan Tehreek-e-Insaf (PTI) including party’s ex-MNA ...

Published 20 Mar, 2023 06:12am

Country to face civil war if writ of state challenged: minister

LAHORE: Minister for Information and Broadcasting Marriyum Aurangzeb has said that if the writ of the state,...

Published 20 Mar, 2023 06:12am

Zakat Nisab fixed at Rs103,159

ISLAMABAD: The government has fixed “Nisab of Zakat” for the Zakat year 1443-44 A.H at Rs103,159 for deduction ...

Published 20 Mar, 2023 06:12am

JI kicks off campaign for elections in 11 Karachi UCs

KARACHI: Jamaat-e-Islami (JI) Karachi held a big workers convention in the city to kick start a fresh polling...

Published 20 Mar, 2023 06:12am

Sethi expresses gratitude to all stakeholders of PSL-8

LAHORE: Expressing gratitude towards all the stakeholders for turning HBL Pakistan Super League-8 into a massive...

Published 20 Mar, 2023 06:12am

Rates

PSX witnesses positive trend

KARACHI: Pakistan Stock Exchange witnessed positive trend on the start of the outgoing week as investors were...

Published 20 Mar, 2023 06:12am

CPEC: entry of 3rd parties now looks imminent

ISLAMABAD: Pakistan and China have agreed to remain engaged for the inclusion of third parties to the $60-billion...

Updated 20 Mar, 2023 12:44pm

Tariff agreed with Iran on additional 100MW power to Gwadar

ISLAMABAD: Iran is said to have agreed on a deal of providing additional 100-MW electricity to Gwadar at a rate...

Updated 20 Mar, 2023 09:02am

Imported coal: PPIB re-approves Gwadar power project

ISLAMABAD: Private Power & Infrastructure Board (PPIB) has re-approved 300-MW power project based on imported...

Updated 20 Mar, 2023 09:02am

Judicial Complex violence: IK, others booked for ‘attacking’ cops

ISLAMABAD: The Islamabad Police on Sunday lodged a first information report (FIR) – under anti-terrorism charges –...

Updated 20 Mar, 2023 09:04am

IK says will hold ‘power show’ at Minar-i-Pakistan on 22nd

LAHORE: Former Prime Minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has announced that his party...

Updated 20 Mar, 2023 09:03am

Low income people to be provided Rs50/litre subsidy: PM

LAHORE: In a major relief measure, the government has announced a petroleum relief package of 50 rupees per litre ...

Updated 20 Mar, 2023 09:01am

Rates

Futures spread surges 631bps

KARACHI: The futures spread increased by 631bps to 17.61 percent on the last day of the outgoing week. Trading...

Published 20 Mar, 2023 06:12am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (March 13 to 17,...

Published 20 Mar, 2023 06:12am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday (March 19, 2023)

Published 20 Mar, 2023 06:12am

Commodities

Palm posts second weekly loss on lower rival oils

JAKARTA: Malaysian palm oil futures fell for two consecutive weeks on Friday to the lowest in six weeks, tracking...

Published 20 Mar, 2023 06:12am

Stocks

China stocks rebound

SHANGHAI: China stocks jumped on Friday, tracking gains in global markets after US banks moved to rescue embattled...

Published 20 Mar, 2023 06:12am

Energy

Oil prices settle down, post big weekly losses on banking fears

NEW YORK: Oil prices settled lower Friday, reversing early gains of more than $1 a barrel as banking sector fears...

Published 20 Mar, 2023 06:12am

Commodities

Copper rises but still faces weekly loss

LONDON: Copper prices rose on Friday, but not enough to offset losses earlier in the week as turmoil in the banking...

Published 20 Mar, 2023 06:12am

Stocks

Wall Street Week Ahead: Plunging bond yields boost stocks’ allure ahead of Fed meeting

NEW YORK: Whipsawed US stocks have gained an unexpected ally in recent days - a historic plunge in bond yields. US...

Published 20 Mar, 2023 06:12am

Stocks

Wall Street ends sharply lower on bank contagion fears

NEW YORK: Wall Street closed lower on Friday, marking the end of a tumultuous week dominated by an unfolding crisis...

Published 20 Mar, 2023 06:12am

World Bank’s PRR project: FBR asked to coordinate with provinces on GST- and IPF-related matters

ISLAMABAD: A joint panel of Economic Affairs Division (EAD) and World Bank (WB) has directed Federal Board of ...

Published 20 Mar, 2023 06:12am

Cotton & Textile

Weekly Cotton Review: Spot rate dips as bearish trend prevails on market

KARACHI: Cotton prices continued to decline previous week, as the spot rate decreased by Rs 800 per maund. However, ...

Published 20 Mar, 2023 06:12am

Fed to balance banking woes, inflation in this rate decision

WASHINGTON: US central bankers face an unenviable task when they gather in Washington this week: tackling persistent...

Published 20 Mar, 2023 06:12am

Commodities

Prices of food items soar as pre-Ramazan hike hits market

PESHAWAR: A sizable increase in prices of essential food commodities was witnessed here ahead of the holy month of...

Published 20 Mar, 2023 06:12am

Breathing poison

EDITORIAL: There are 195 countries and more than four million cities and towns in the world. And Lahore, the capital...

Published 20 Mar, 2023 06:12am

Wealthy persons: FBR reluctant to give info about tax payments

ISLAMABAD: The Federal Board of Revenue (FBR) is reluctant to disclose vital information regarding tax payments made...

Updated 20 Mar, 2023 09:00am

Exporters detect ‘flaws’ in FBR’s new refund procedure

ISLAMABAD: Prominent exporters have pointed out some serious flaws in the revised procedure of the Federal Board of...

Updated 20 Mar, 2023 08:59am

Slow pace of $304m PRIDE programme perturbs World Bank

ISLAMABAD: The World Bank (WB) has expressed concern over the slow pace of the progress on simplification and...

Updated 20 Mar, 2023 08:58am

India arrests 112 in manhunt for Sikh separatist

NEW DELHI: A manhunt for a radical Sikh preacher in India entered its second day on Sunday, as authorities shut...

Updated 20 Mar, 2023 08:57am

Govt releases Rs10bn more for digital census

ISLAMABAD: The federal government has released around Rs 10 billion for digital census in the country, bringing the...

Updated 20 Mar, 2023 08:59am

Rates

PKR declines 0.33pc

KARACHI: The rupee depreciated a marginal 0.33% during the previous week, aided by recovery on the final two days to...

Published 20 Mar, 2023 06:12am

Toshakhana: asset accumulation

The release of the list of those who received extremely expensive gifts during their official foreign tours (mostly...

Published 20 Mar, 2023 06:12am

Economic impasse is a ticking bomb waiting to go off

Nothing is going right in the country. The sovereign default is inevitable without an IMF (International Monetary...

Published 20 Mar, 2023 06:12am

‘Reimagining Pakistan’

EDITORIAL: Ideas about rescuing the economy, especially about ending its dependence on donor bailouts, come a dime a...

Published 20 Mar, 2023 06:12am

Letters

Things are still difficult for the Sharifs

Miftah Ismail of Pakistan Muslim League-Nawaz (PML-N) has been speaking his mind in a blunt way ever since he was...

Published 20 Mar, 2023 06:12am

Money & Banking

Dollar slips as banking turmoil snares markets

NEW YORK: The dollar fell on Friday as further declines in the shares of Credit Suisse and First Republic Bank...

Published 20 Mar, 2023 06:12am

Rising transportation costs fuelling inflation, says expert

KARACHI: In our country, the transportation cost is rising constantly and thus is unbearable. It has almost doubled...

Published 20 Mar, 2023 06:12am

Industry

Wheat flour prices hit record high in Karachi

KARACHI: All records of wheat flour prices in Karachi and other parts of the country have been broken as the price a...

Published 20 Mar, 2023 06:12am

ICCI calls for cut in interest rate

ISLAMABAD: Ahsan Zafar Bakhtawari, President Islamabad Chamber of Commerce & Industry (ICCI) saying that the 20...

Published 20 Mar, 2023 06:12am

Industry

HCCI chief urges Hesco to avoid load management in Ramazan

HYDERABAD: President Hyderabad Chamber of Commerce and Industry (HCCI) Adeel Siddiqui has urged Hyderabad Electric...

Published 20 Mar, 2023 06:12am

Country needs no IMF loan but good leadership: Mian Zahid

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum ...

Published 20 Mar, 2023 06:12am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 10	252.63
Diesel/Litre / May 10	256.64

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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