News Archives for Print - 2023-05-07

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Print - 2023-05-07

South Asia

54 die after ethnic clashes in India’s Manipur state

GUWAHATI: The death toll after ethnic clashes in India’s remote northeast rose to 54 on Saturday, with fresh...

Published 07 May, 2023 03:21am

Toshakhana case: IHC declares NAB call-up notices to IK, wife illegal

ISLAMABAD: The Islamabad High Court (IHC), on Saturday, declared the call-up notices issued to Imran Khan and Bushra...

Updated 07 May, 2023 09:48am

Israeli forces kill two Palestinians in West Bank

RAMALLAH: Israeli troops killed two Palestinians in the occupied West Bank on Saturday, the Palestinian health...

Published 07 May, 2023 03:21am

Time is not essence of contracts relating to immovable property: LHC

LAHORE: The Lahore High Court held in its recent judgment that it is a well-settled principle of law that time is ...

Updated 07 May, 2023 09:48am

SC law challenged: Federation urges apex court to dismiss petition

AAG for Pakistan, Aamir Rehman files the federation’s response in pursuance of the Supreme Court’s direction

Updated 07 May, 2023 09:58am

Debt trap propaganda: Qin, Bilawal dismiss West’s ‘concerns’

Chinese State Councilor and Foreign Minister urge the country’s political forces to build a consensus for upholding political stability to more effectively address domestic and external challenges

Updated 07 May, 2023 09:59am

AJK PM calls on Dar, discusses development schemes

Minister expresses the federal government’s commitment to the development and progress of all regions including AJK

Updated 07 May, 2023 10:00am

Raid at ex-CM Parvez Elahi residence: Court accepts apologies by officials of ACE, police

Petitioner sought contempt proceedings against the officials for alleged violation of a court’s order of granting pre-arrest bail to him

Updated 07 May, 2023 10:01am

Court deferred indictment of Shahbaz Gill till 20th

ISLAMABAD: A local court, on Saturday, again deferred the indictment of Pakistan Tehreek-e-Insaf (PTI) leader ...

Published 07 May, 2023 03:21am

For PTI’s govt conduct of interstate ties was plaything: PM

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Saturday said that for previous Pakistan Tehreek-e-Insaf’s...

Published 07 May, 2023 03:21am

Pakistan reports another death as WHO ends Covid emergency

ISLAMABAD: Pakistan has reported another fatality on the day the World Health Organization ended the global ...

Published 07 May, 2023 03:21am

Punjab, KP: Rashid moves ECP against caretaker govts

ISLAMABAD: Former interior minister Sheikh Rashid Ahmed has moved the Election Commission of Pakistan (ECP) to stop...

Published 07 May, 2023 03:21am

Two ex MPAs, other important politicians join PPP

MULTAN: Two ex-MPAs and many other ticket holders of various political parties joined the Pakistan People's Party,...

Published 07 May, 2023 03:21am

LG polls: JI reiterates deployment of LEAs’ personnel demand

KARACHI: Jamaat-e-Islami (JI) Karachi on Saturday once again sought army and rangers deployment at the polling...

Published 07 May, 2023 03:21am

Policeman shot dead by unknown assailants

KARACHI: Some unknown assailants shot dead a policeman near Green Bus Stop on Sarjani Morr in Karachi on Saturday....

Published 07 May, 2023 03:21am

Governor for dealing with food adulteration mafia with an iron fist

LAHORE: Governor Punjab Muhammad Balighur Rehman said on Saturday that food adulteration mafia should be dealt with...

Published 07 May, 2023 03:21am

PFA inspects 559 school canteens

LAHORE: The Punjab Food Authority (PFA) has closed down three school canteen for using non-food grade plastic...

Published 07 May, 2023 03:21am

Free wheat flour: Punjab CM announces third-party audit

LAHORE: The Punjab chief minister Mohsin Naqvi has decided to conduct a third-party audit of the free wheat flour...

Published 07 May, 2023 03:21am

ACs directed to remain in field till 15th for census

LAHORE: Commissioner Lahore Muhammad Ali Randhawa has issued an order for all Assistant Commissioners (ACs) and...

Published 07 May, 2023 03:21am

Rally in support of CJP: PTI slams govt for denying permission

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Islamabad region president Ali Nawaz Awan Saturday lambasted the ...

Published 07 May, 2023 03:21am

Babar Azam heaps praise on Mickey Arthur

LAHORE: Pakistan skipper Babar Azam, who has had an illustrious career since he made his debut for Pakistan in a...

Published 07 May, 2023 03:21am

Three children among four die in Mastung lightning strikes

QUETTA: Four people including three children were killed in different incidents of lightning strike in Mastung...

Published 07 May, 2023 03:21am

Mayor Brampton meets Commerce Minister

ISLAMABAD: Mayor of Brampton, Canada, Patrick Brown, called on Syed Naveed Qamar, Federal Minister for Commerce, to...

Published 07 May, 2023 03:21am

Central Model School: Punjab CM vows to make ‘Centre of Excellence’ functional by Aug 15

LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi chaired a meeting at CM Office in which in-principle...

Published 07 May, 2023 03:21am

Curbs on wheat transportation from Punjab: KP flour millers threaten to go on strike

PESHAWAR: Flour millers in Khyber Pakhtunkhwa decreed to go on strike from tomorrow (Monday) if the restriction on...

Published 07 May, 2023 03:21am

The Weather

KARACHI: The weather report on Saturday (May 06, 2023) and the forecast for Sunday (May 07, 2023)...

Published 07 May, 2023 03:21am

Import items: AEDB seeks ST exemption for ARE projects

Govt plans to develop large-scale solar PV projects for substitution of expensive thermal power generation of approximately 6000-MW capacity

Updated 07 May, 2023 09:41am

Election demand reiterated: IK to hold rallies from next week

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Saturday announced holding a series of public...

Updated 07 May, 2023 11:00am

Islamabad, Kabul agree to remove trade barriers

ISLAMABAD: Pakistan and Afghanistan Saturday discussed ways and means to remove barriers to increase bilateral...

Updated 07 May, 2023 09:47am

Pakistan, China resolve to strengthen time-tested ties

ISLAMABAD: Pakistan and China on Saturday reaffirmed their firm resolve to further strengthen their “time-tested and...

Updated 07 May, 2023 12:56pm

Trilateral dialogue: Socioeconomic uplift tied to Afghan peace

ISLAMABAD: Pakistan, China and Afghanistan on Saturday stressed the importance of peace and stability in Afghanistan...

Updated 07 May, 2023 09:46am

PM attends coronation

LONDON: Prime Minister Muhammad Shehbaz Sharif represented Pakistan at the coronation ceremony of King Charles III...

Updated 07 May, 2023 09:45am

Xi sends congratulatory message

SHENZHEN: China’s President Xi Jinping sent a congratulatory message to King Charles III and Queen Camilla of the...

Updated 07 May, 2023 09:45am

Flour millers end strike

Sindh government pledges to supply 0.5 million 100-kg bags of wheat grains from Monday.

Updated 07 May, 2023 09:56am

Budget proposals: PSX for digitization of cash transactions

ISLAMABAD: Pakistan Stock Exchange Limited (PSX) has strongly proposed to digitize a huge portion of cash...

Updated 07 May, 2023 09:45am

Peshawar terror incident: ECC approves Rs284.5m package for families of Shuhada, injured persons

Financial assistance package includes Rs2 million for each Shaheed’s family and Rs0.5 million for each seriously injured person

Updated 07 May, 2023 09:44am

Terrorism cases: Police summon IK

Khan has been issued a summon to appear before the Joint Investigation Team at Police Lines Headquarters on May 10 and 11 at 2:00 pm

Updated 07 May, 2023 09:56am

Samina Alvi opens food festival

ISLAMABAD: First Lady Begum Samina Alvi Saturday inaugurated an international food festival here at a local hotel....

Published 07 May, 2023 03:21am

Commodities

ICE canola futures surge

WINNIPEG, (Manitoba): ICE canola futures rose on Friday, posting their biggest daily percentage gain in five months,...

Published 07 May, 2023 03:21am

Commodities

CBOT corn closes week higher, extends recovery from nine-month low

CHICAGO: Chicago Board of Trade corn futures closed the week higher on Friday as doubts swirled around the future of...

Published 07 May, 2023 03:21am

Energy

Asia Distillates: Gasoil, jet fuel margins post gain

SINGAPORE: Asia’s 10-ppm sulphur gasoil margins and jet fuel margins posted their first weekly gains in seven on...

Published 07 May, 2023 03:21am

Commodities

French soft wheat crop rating falls

PARIS: The condition of French soft wheat edged lower in the week to May 1, while sowing of grain maize continued to...

Published 07 May, 2023 03:21am

Commodities

Raw sugar futures on ICE make gains

LONDON: Raw sugar futures on ICE rose on Friday, heading back towards last week’s multi-year highs on still tight...

Published 07 May, 2023 03:21am

Commodities

Argentina’s corn crop forecast may face fresh cut

BUENOS AIRES: The forecast for Argentina’s current corn crop could face yet another reduction, below the 36 ...

Published 07 May, 2023 03:21am

Energy

US natgas futures up on higher demand forecasts

NEW YORK: US natural gas futures gained about 2% on Friday on forecasts for more demand this week and next than...

Published 07 May, 2023 03:21am

Commodities

Iron ore reaches new five-month low on renewed US bank crisis worries, weak fundamentals

BEIJING: Singapore and Dalian iron ore futures refreshed five-month lows on Friday, dragged down further by renewed...

Published 07 May, 2023 03:21am

Energy

Asia Fuel Oil VLSFO premium eases; short-lived rebound fizzles out

SINGAPORE: Asia’s spot cash premium for 0.5% very low sulphur fuel oil (VLSFO) eased for a second consecutive...

Published 07 May, 2023 03:21am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 06, 2023)...

Published 07 May, 2023 03:21am

Cotton & Textile

Cotton market: Spot rate remains unchanged

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

Published 07 May, 2023 03:21am

Tobacco firms may show less production after FED hike: PANAH

ISLAMABAD: Sana Ullah Ghumman, General Secretary and Director Operations of Pakistan National Heart Association...

Published 07 May, 2023 03:21am

Clifford Chance announces new Head of Global Asset Finance Group

NEW YORK: Clifford Chance announced today the appointment of partner Zarrar Sehgal as Head of the firm’s Global...

Published 07 May, 2023 03:21am

Prices of kitchen items show an upward trend

ISLAMABAD: The prices of most of the essential kitchen items have witnessed an upward trend during this week past...

Published 07 May, 2023 03:21am

Delegation visits ICCI: Nigeria wants to increase bilateral trade to $3bn

ISLAMABAD: Nigeria wants to increase bilateral trade with Pakistan to at least US$3 billion as both countries have...

Published 07 May, 2023 03:21am

Official says cotton plan implementation can help country fetch $3bn

LAHORE: Implementation of Cotton Action Plan 2023-24 will make it possible to earn $3 billion in foreign exchange,...

Published 07 May, 2023 03:21am

Uplifting women & SMEs, empowering economies

Our society has long grappled with the sociocultural dilemma of whether or not women shall be encouraged to take...

Published 07 May, 2023 03:21am

Traceability essential for sustainability

UNDERSTANDING TRACEABILITY The United Nations Global Compact defines traceability as ‘the ability to identify and...

Published 07 May, 2023 03:21am

Need to engage with the Afghan Taliban

EDITORIAL: Representatives from 25 countries among them Pakistan, the US, China, Russia and major European aid ...

Published 07 May, 2023 03:21am

Checking smuggling

EDITORIAL: It must be the desperate economic situation that has forced the coalition government, still struggling ...

Published 07 May, 2023 03:21am

Letters

A picture is worth a thousand words

That a picture is worth a thousand words is a profound adage in several languages, including English, Russian and...

Published 07 May, 2023 03:21am

Commodities

Gold prices attain fresh historic highs

KARACHI: Gold prices on Saturday rebounded to the fresh historic highs while silver fell on the local market, ...

Published 07 May, 2023 03:21am

Jan-Mar: 2.81m mobile phones manufactured locally

Official data suggests that local manufacturing plants have manufactured/ assembled 0.46 million mobile handsets during March 2023 compared to 0.08 million imported commercially.

Updated 07 May, 2023 10:02am

Nigerian Minister, Commerce Minister discuss bilateral ties

ISLAMABAD: A four-member delegation led by Hadi Sirika, the Minister for Aviation of Nigeria, called on Federal...

Published 07 May, 2023 03:21am

Industry

Speakers demand govt give agriculture status of industry

HYDERABAD: Labor rights activists, government bodies, growers and women cotton workers concerned on the poor working...

Published 07 May, 2023 03:21am

Zahid for import substitution, sell-off of loss-making SOEs to help resolve economic crisis

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

Published 07 May, 2023 03:21am

FPCCI seems perturbed about steep fall in exports

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

Published 07 May, 2023 03:21am

Companies

JazzCash, CBA partner to provide Cash-In, Cash-Out services

ISLAMABAD: The JazzCash and CBA (Community Business Agent) have formed a partnership to provide Cash-In and Cash-Out...

Published 07 May, 2023 03:21am

Industry

‘Founder’ group starts LCCI election campaign

LAHORE: “Founder” the largest group Saturday formally kicked off campaign to muster support from voters in the...

Published 07 May, 2023 03:21am

Taxes

Frequent changes in tax laws leading to wrong assessments

LAHORE: Extensive changes in tax laws on yearly basis and at times more than once in a year, lead to wrong...

Published 07 May, 2023 03:21am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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