News Archives for Print - 2023-05-01

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Print - 2023-05-01

Erdogan, rival draw vast crowds ahead of May 14 vote

ISTANBUL: President Recep Tayyip Erdogan and his main opponent staged massive rival rallies on Sunday, setting the...

Published 01 May, 2023 03:28am

Sudan ‘truce’ extended as battles rage

KHARTOUM: Rival Sudanese forces on Sunday announced the extension of a truce they have largely violated, as ...

Published 01 May, 2023 03:28am

Iran’s parliament votes to dismiss industry minister

TEHRAN: Iran’s parliament voted in an impeachment session on Sunday to remove the industry minister amid soaring...

Published 01 May, 2023 03:28am

PPP will soon ‘conquer’ Lahore: minister

LAHORE: Information Minister Sindh and incharge PPP Digital Sharjeel Inam Memon on Sunday said Lahore was the...

Published 01 May, 2023 03:28am

The Weather

KARACHI: The weather report on Sunday (April 30, 2023) and the forecast for Monday (May 01, 2023)....

Published 01 May, 2023 03:28am

Pakistan Shaheens depart for Zimbabwe for cricket series

LAHORE: Imran Butt-led Pakistan Shaheens departed for Zimbabwe in the wee hours of Sunday to feature in a series...

Published 01 May, 2023 03:28am

Beaconhouse campus becomes country’s first school authorised to host Cambridge exams

LAHORE: Beaconhouse Ring Road Campus, Lahore, has achieved a remarkable feat by becoming Pakistan’s first and only...

Published 01 May, 2023 03:28am

Austerity measures to save Rs50m per annum in TEVTA

PESHAWAR: The austerity measures adopted by the Technical Education & Vocational Training Authority (TEVTA) on...

Published 01 May, 2023 03:28am

Agricultural productivity: PHHSA calls for viable strategy over impacts of climate change

LAHORE: Chairman Pakistan Hi-tech Hybrid Seed Association (PHHSA) Shahzad Ali Malik said agricultural production is...

Published 01 May, 2023 03:28am

Policewoman nabs PR worker

LAHORE: A female sub-inspector of Pakistan Railways Police, Mafia Yasmin of Carriage shops Mughalpura, with the help...

Published 01 May, 2023 03:28am

PM’s aide lauds PPP commitment to rights of labourers

KARACHI: The 1st of May, International Labour Day, is an occasion of great significance, as it highlights the...

Published 01 May, 2023 03:28am

GCDA holds seminar on monkeypox

LAHORE: The people need not to panic, as almost 90 to 99 per cent of the victims recover from monkeypox by ...

Published 01 May, 2023 03:28am

KMC denies selling meat of dead elephant

KARACHI: The Karachi Metropolitan Corporation (KMC) has denied allegations that the meat of captive elephant Noor...

Published 01 May, 2023 03:28am

International Labour Day: HWA urges Sindh govt to implement STA, SWAWA

HYDERABAD: The conditions of rural workers and peasants, who make up more than 70% of the labor force in Sindh’s...

Published 01 May, 2023 03:28am

Govt committed to ensuring well-being of labourers, workers: PM

ISLAMABAD: Prime Minister Shehbaz Sharif while highlighting the workers’ pivotal role in the economic development,...

Published 01 May, 2023 03:28am

Gaining support before polls: PML-N decides to give maximum relief to masses

LAHORE: Pakistan Muslim League-Nawaz (PML-N) in a consultative meeting is learnt to have decided to focus on...

Published 01 May, 2023 03:28am

Rangers deployed at Shujaat’s residence

LAHORE: Rangers were deployed pn Sunday outside Pakistan Muslim League-Quaid (PML-Q) president Ch Shujaat ...

Published 01 May, 2023 03:28am

PTI govt put CPEC projects on hold: Asif

SIALKOT: Federal Minister for Defence Khawaja Muhammad Asif said on Sunday that during the Pakistan Tehreek-e-Insaf...

Published 01 May, 2023 03:28am

Decision to lay rail track between Karachi, Mazar-i-Sharif welcomed

PESHAWAR: Chairman Standing Committee of Sarhad Chamber of Commerce and Industry (SCCI) on Pakistan Railways and Dry...

Published 01 May, 2023 03:28am

Punjab CM pays tributes to ‘brave struggle of labourers’

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi in his message on the International Workers’ Day heartily...

Published 01 May, 2023 03:28am

JI holds rally to demand ‘fair’ digital census in Karachi

KARACHI: A large number of citizens marched on Shahrah-e-Faisal, under the aegis of Jamaat-e-Islami (JI) Karachi...

Published 01 May, 2023 03:28am

PTI announces names of new office-bearers for Sindh

KARACHI: Pakistan Tehreek-e-Insaf (PTI) has announced the names of new office-bearers of the party’s Sindh chapter...

Published 01 May, 2023 03:28am

Free flour scheme: Punjab govt rejects ex-PM’s allegations

KARACHI: The Punjab caretaker government on Sunday termed corruption allegations made by PML-N’s Shahid Khaqan...

Published 01 May, 2023 03:28am

There will be no compromise on labourers’ rights: Bilawal

KARACHI: Chairman Pakistan People’s Party and Foreign Minister Bilawal Bhutto Zardari has said that there would be...

Published 01 May, 2023 03:28am

FDIC auction: PNC, JPM putting in final bids for First Republic

NEW YORK: PNC Financial Services Group and JPMorgan Chase & Co were among banks set to submit final bids for...

Published 01 May, 2023 03:28am

ANP also favours same day polls

PESHAWAR: Senior Awami National Party (ANP) leader Syed Aqil Shah has said that their party is in favour of same day...

Published 01 May, 2023 03:28am

President returns accountability bill to parliament

ISLAMABAD: President Arif Alvi has returned the National Accountability (Amendment) Bill 2023 back to the ...

Published 01 May, 2023 03:28am

PM marvels at bumper wheat harvest

Says despite heavy rainfalls and floods last year, achieving a bumper wheat crop was the result of government’s timely decisions

Updated 01 May, 2023 08:56am

Track & trace system scheme not violative of sales tax law: IHC

ISLAMABAD: Islamabad High Court (IHC) has ruled that the entire scheme of the track and trace system of the Federal...

Updated 01 May, 2023 09:04am

Five die in Balochistan torrential rains

QUETTA: At least five people were killed due to torrential rains in different parts of Balochistan province, said...

Updated 01 May, 2023 09:01am

Millers reject govt-fixed sugar price

LAHORE: The Pakistan Sugar Mills Association (PSMA) has rejected the ex-mill and retail price of sugar fixed by the...

Updated 01 May, 2023 08:57am

Rates

Futures spread up 2055bps

KARACHI: The futures spread increased by 2055bps to 29.39 percent on the last day of the outgoing week. Trading...

Published 01 May, 2023 03:28am

Utilising friendly countries’ currencies: Govt move to import crude oil from Russia hailed

LAHORE: The President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik hails government wise decision to...

Published 01 May, 2023 03:28am

Cotton & Textile

Weekly Cotton Review: Rate stable amid low trading volume

KARACHI: The rate of cotton in local market remained stable. However, trading volume was very low. A bearish trend...

Published 01 May, 2023 03:28am

Analyst stresses need for growth of manufacturing sector

KARACHI: Time is running out fast as efforts aimed at expanding the country’s manufacturing industry is continuing...

Published 01 May, 2023 03:28am

IMF deal: many a slip between the cup...

EDITORIAL: The IMF’s (International Monetary Fund’s) ninth review is pending for as long as Ishaq Dar is the...

Published 01 May, 2023 03:28am

Too many ‘idle days’

EDITORIAL: Finally, somebody has noticed, and lamented, the fact that both public and private sectors get too many...

Published 01 May, 2023 03:28am

When and who must table FY24 budget?

With the exact date for the next elections still not set, be it by order of the apex court or a consensus between ...

Published 01 May, 2023 03:28am

Election time-frame announcement only solution

The IMF (International Monetary Fund) programme is still in limbo. The pending SLA (staff-level agreement) is ...

Published 01 May, 2023 03:28am

Letters

Collapse of intellectual property offices and system in Pakistan—I

TEXT: The Commerce Division of the Ministry of Commerce & Textiles, Government of Pakistan, has been revising...

Published 01 May, 2023 03:28am

Rates

PKR depreciates only marginally

KARACHI: The rupee settled at 283.84 against the US dollar after depreciating marginally by 0.13% in the inter-bank...

Published 01 May, 2023 03:28am

Rehabilitation work: Wapda seeks nod for shutdown of 2 Warsak units

ISLAMABAD: Water and Power Development Authority (Wapda) has sought Power Division’s nod to shutdown its two units...

Updated 01 May, 2023 09:01am

Saudi govt says will be charging for Aab-e-Zam Zam

LAHORE: Once available free of cost to pilgrims, the Saudi government notified that it would be charging for the...

Updated 01 May, 2023 10:11am

Govt indicates it doesn’t want polls before budget

ISLAMABAD: Federal government on Sunday indicated holding general elections across the country after having the...

Updated 01 May, 2023 09:04am

IK ‘apprises’ German envoy about human rights violations

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman and former PM Imran Khan held a meeting with German Ambassador...

Updated 01 May, 2023 08:58am

Strategy in place if talks with govt fail: Fawad

KARACHI: PTI leader Fawad Chaudhry said on Sunday that his party wanted negotiations with the government — on the...

Published 01 May, 2023 03:28am

Digital census deadline extended to 15th

ISLAMABAD: The government has extended the field operation of 7th population and Housing-2023, the first ever...

Updated 01 May, 2023 08:58am

Fed expected to hike again despite signs of slowing economy

WASHINGTON: The US Federal Reserve is widely expected to raise its benchmark lending rate for a tenth — and possibly...

Updated 01 May, 2023 08:57am

Rates

PSX witnesses positive trend

KARACHI: Pakistan Stock Exchange witnessed positive trend during the outgoing three day week ended on April 28, 2023...

Published 01 May, 2023 03:28am

RRMC recommendation: Section 7E of IT Ord should be equally applicable to non-filers

ISLAMABAD: The Reforms and Resource Mobilization Commission Saturday recommended the government to bring clarity in...

Updated 01 May, 2023 08:59am

Money & Banking

BoK’s Q1’23 profit rises to Rs939m

PESHAWAR: A leading finance and tax expert of KP, Muhammad Umair Zeb said that despite the challenging economic...

Published 01 May, 2023 03:28am

Companies

Lucky Core Industries Ltd announces results for nine-month period

Karachi: Following the meeting of the Board of Directors, Lucky Core Industries Limited announced its financial...

Published 01 May, 2023 03:28am

Industry

Need stressed for economic empowerment of women

FAISALABAD: Faisalabad Women Chamber of Commerce and Industry (FWCCI) is making serious endeavours to empower women...

Published 01 May, 2023 03:28am

Taxes

DG monitoring revenue collection drive

LAHORE: Director General Excise, Taxation and Narcotics Control Punjab Muhammad Ali has become active for the...

Published 01 May, 2023 03:28am

Iranian envoy meets finance minister

ISLAMABAD: Ambassador of the Islamic Republic of Iran to Pakistan Seyed Mohammad Ali Hosseini on Sunday called on...

Published 01 May, 2023 03:28am

Money & Banking

UBL posts Rs13.9bn PAT with 46pc growth YoY in Q1

KARACHI: UBL continues its momentum with solid results with Profit After Tax of Rs. 13.9 billion for Q1’23 as...

Published 01 May, 2023 03:28am

Money & Banking

Standard Chartered (Pakistan) earns Rs16.1bn PBT, up 37pc YoY

KARACHI: Standard Chartered Bank (Pakistan) Limited delivered a strong profit before tax of Rs 16.1 billion for...

Published 01 May, 2023 03:28am

Kyrgyzstan envoy calls for exploiting trade potential

Industry

LCCI chief made EDF board’s member

LAHORE: President of the Lahore Chamber of Commerce and Industry Kashif Anwar has been made Board Member of Export...

Published 01 May, 2023 03:28am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 6	281.43
USD PKR Interbank Buying / May 6	281.23
USD to Japanese Yen / May 6	143.80
USD to Swiss Franc / May 6	0.82
Pound Sterling to USD / May 6	1.33
Euro to USD / May 6	1.13
UK LIBOR % / May 2	4.96

Stock	Volume
S&P 500 / May 5	5,650.38
Tokyo Nikkei / May 5	36,830.69
Nasdaq / May 5	17,844.24
Dow Jones / May 5	41,218.83
India Sensex / May 6	80,548.72
Hang Seng / May 6	22,677.57
FTSE 100 / May 6	8,609.62
Germany DAX 30 / May 6	23,276.83
France CAC40 / May 6	7,711.31

Item	Value
Karachi Cotton PKR/37.32 KG / May 5	16,985
Gold 10 Grams PKR / May 5	300,068
Crude Oil USD/Barrel / May 6	57.98
Gold Spot USD/Ounce / May 6	3,361.22
Cotton US¢/pound / May 6	68.15
Petrol/Litre / May 7	252.63
Diesel/Litre / May 7	256.64

Gainers
Losers
Leaders

Stock	Price
Invest Bank / May 6 Invest Capital Investment Bank Limited(ICIBL)	1.50 ▲ 0.2 (15.38%)
First Fid. Leasing / May 6 First Fidelity Leasing Modaraba(FFLM)	2.34 ▲ 0.3 (14.71%)
UDL International / May 6 UDL International Limited(UDLI)	7.95 ▲ 0.95 (13.57%)
Aruj Industries / May 6 Aruj Industries Limited(ARUJ)	8.76 ▲ 0.98 (12.6%)
Pak Gen.Ins. / May 6 The Pakistan General Insurance Co. Ltd.(PKGI)	9.86 ▲ 1 (11.29%)
Dewan Mushtaq / May 6 Dewan Mushtaq Textile Mills Limited(DMTM)	9.96 ▲ 1 (11.16%)
Dewan Textile / May 6 Dewan Textile Mills Limited(DWTM)	6.42 ▲ 0.62 (10.69%)
First Elite Cap.Mod / May 6 First Elite Capital Modaraba(FECM)	16.89 ▲ 1.54 (10.03%)
Power Cem(Pref) / May 6 Power Cement (Pref)(POWERPS)	16.80 ▲ 1.53 (10.02%)
Olympia Mills / May 6 Olympia Mills Limited(OML)	36.28 ▲ 3.3 (10.01%)

Stock	Price
Reliance Ins. / May 6 Reliance Insurance Company Limited(RICL)	10.49 ▼ -6.31 (-37.56%)
First AL-Noor Mod. / May 6 First Al-Noor Modaraba(FANM)	2.75 ▼ -0.34 (-11%)
At-Tahur Ltd. / May 6 At-Tahur Limited(PREMA)	58.40 ▼ -6.49 (-10%)
Bunnys Limited / May 6 Bunnys Limited(BNL)	28.04 ▼ -3.11 (-9.98%)
Sui South Gas / May 6 Sui Southern Gas Company Limited(SSGC)	36.08 ▼ -3.95 (-9.87%)
Trust Sec.& Brok. / May 6 Trust Securities & Brokerage Limited(TSBL)	11.60 ▼ -1.27 (-9.87%)
Diamond Ind. / May 6 Diamond Industries Limited(DIIL)	21.79 ▼ -2.12 (-8.87%)
Paramount Mod / May 6 First Paramount Modaraba(FPRM)	7.59 ▼ -0.66 (-8%)
Tri-Star Mutual / May 6 Tri-Star Mutual Fund Limited(TSMF)	8.26 ▼ -0.71 (-7.92%)
Leather Up Ltd. / May 6 Leather Up Limited(LEUL)	28.31 ▼ -2.39 (-7.79%)

Stock	Volume
Sui South Gas / May 6 Sui Southern Gas Company Limited(SSGC)	54,325,421 ▼ -3.95
K-Electric Ltd. / May 6 K-Electric Limited(KEL)	42,259,616 ▲ 0.22
Dewan Cement / May 6 Dewan Cement Limited(DCL)	26,185,745 ▼ -0.29
Kohinoor Spining / May 6 Kohinoor Spinning Mills Limited(KOSM)	17,455,731 ▲ 0.35
At-Tahur Ltd. / May 6 At-Tahur Limited(PREMA)	16,513,681 ▼ -6.49
Maple Leaf Cement / May 6 Maple Leaf Cement Factory Limited(MLCF)	15,288,695 ▼ -1.4
D.G.K.Cement / May 6 D.G. Khan Cement Company Limited(DGKC)	11,352,512 ▼ -2.72
WorldCall Telecom / May 6 Worldcall Telecom Limited(WTL)	10,597,193 ▼ -0.01
Power Cement / May 6 Power Cement Limited(POWER)	8,852,134 ▼ -0.51
Pak Refinery / May 6 Pakistan Refinery Limited(PRL)	8,766,270 ▼ -0.03

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