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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Rates

Automart: car prices in Karachi

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

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

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

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

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Cotton US¢/pound / Jan 21	68.02
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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