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 / Mar 28	281.85
USD PKR Interbank Buying / Mar 28	279.71
USD to Japanese Yen / Mar 28	149.88
USD to Swiss Franc / Mar 28	0.88
Pound Sterling to USD / Mar 28	1.29
Euro to USD / Mar 28	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 28	5,580.94
India Sensex / Mar 28	77,414.92
Tokyo Nikkei / Mar 28	37,120.33
Nasdaq / Mar 28	17,322.99
Hang Seng / Mar 28	23,426.60
FTSE 100 / Mar 28	8,658.85
Dow Jones / Mar 28	41,583.90
Germany DAX 30 / Mar 28	22,461.52
France CAC40 / Mar 28	7,916.08

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Crude Oil USD/Barrel / Mar 28	69.10
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Gold Spot USD/Ounce / Mar 28	3,117.20
Cotton US¢/pound / Mar 28	66.90
Petrol/Litre / Mar 30	255.63
Diesel/Litre / Mar 30	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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