News Archives for Print - 2023-05-28

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Print - 2023-05-28

Iraq launches $17bn road and rail project to link Asia and Europe

BAGHDAD: Iraq launched a $17 billion project on Saturday to link a major commodities port on its southern coast by...

Published 28 May, 2023 03:34am

A powerful tool for national development

A commemorative day for a nation, besides being an occasion of celebration, gives an opportunity to take stock of...

Published 28 May, 2023 03:34am

IK condemns crackdown on PTI

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has said that backbreaking inflation and unprecedented...

Published 28 May, 2023 03:34am

Avalanche incident: PM expresses deep sorrow, grief

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Saturday expressed deep sorrow and grief over the loss of...

Published 28 May, 2023 03:34am

66 vehicles stolen and snatched in Islamabad

ISLAMABAD: The federal capital is constantly witnessing a rise in the cases of auto thefts and mobile snatching as...

Published 28 May, 2023 03:34am

PTI Senator says won’t quit party, condemns May 9 mayhem

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Senator Shahzad Waseem on Saturday condemned the violent incidents of May ...

Published 28 May, 2023 03:34am

Ali Zaidi says quitting PTI, politics over May 9 mayhem

KARACHI: Expressing his regret over the May 9 mayhem, Pakistan Tehreek-e-Insaf (PTI) Sindh President Ali Zaidi...

Published 28 May, 2023 03:34am

‘Teaching Licence Policy’ to set new standards: minister

KARACHI: Sindh Education and Culture Minister, Syed Sardar Ali Shah has said that the Sindh government was taking...

Published 28 May, 2023 03:34am

Fake, flying invoices: DI&I IR Karachi arrests two suspects

KARACHI: The Directorate Intelligence and Investigation (DI&I), Inland Revenue (IR), Karachi, has apprehended ...

Published 28 May, 2023 03:34am

PIA’s Hajj flight takes off

LAHORE: The Pakistan International Airlines’ pre-Hajj flight (PK 743) carrying 327 pilgrims took off from Allama...

Published 28 May, 2023 03:34am

Letters

Dar’s optimism

Finance minister Ishaq Dar deserves praise for showing a great deal of optimism amid the current economic slump and...

Published 28 May, 2023 03:34am

Youm-e-Takbeer: Governor praises Nawaz ‘for making country’s defence impregnable’

LAHORE: Governor Punjab Muhammad Balighur Rehman said on Saturday that the former Prime Minister Muhammad Nawaz...

Published 28 May, 2023 03:34am

Energy

Refining margin for VLSFO logs weekly decline

SINGAPORE: Asia’s refining margin for very-low sulphur fuel oil (VLSFO) posted a weekly decline on Friday, as...

Published 28 May, 2023 03:34am

Energy

US natgas futures drop on lower demand forecast

NEW YORK: US natural gas futures fell about 6% to a three-week low on Friday as global gas prices collapsed, a US...

Published 28 May, 2023 03:34am

Energy

Europe gasoline, naphtha cracks dip

SINGAPORE: Northwest European gasoline refining margins slightly declined to $24.12 a barrel on Friday as oil prices...

Published 28 May, 2023 03:34am

Energy

‘Solar Energy Meet’ Expo to start on June 2

LAHORE: The second International Solar Energy Meet (ISEM) & IEEEP IREM Expo (Pakistan’s Premium Electronics ...

Published 28 May, 2023 03:34am

Business community pins high hopes on 5th ‘Trilateral FMs’ Dialogue’

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

Published 28 May, 2023 03:34am

Separate force for transport dept

KARACHI: The Sindh Government to improve the performance of provincial transport department has decided to introduce...

Published 28 May, 2023 03:34am

IK sabotaged Bilawal’s talk initiative: Marri

ISLAMABAD: Federal Minister and spokesperson for Pakistan People’s Party Parliamentarian (PPP-P) Shazia Marri...

Published 28 May, 2023 03:34am

Interpretation of Article 63 (A) raises questions: CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that the parliamentarians, prime minister, chief...

Published 28 May, 2023 03:34am

$500m deal being negotiated, says maritime minister

KARACHI: Federal Minister for Maritime Affairs Faisal Subzwari announced that a contract worth $500 million is being...

Published 28 May, 2023 03:34am

Imran Ismail parts ways with PTI

KARACHI: Former Sindh governor Imran Ismail on Saturday announced that he was leaving Pakistan Tehreek-e-Insaf (PTI)...

Published 28 May, 2023 03:34am

Search warrants: ATC seeks reply from DC Lahore, others by 30th

LAHORE: An Anti Terrorism Court on Saturday sought replies from the deputy commissioner of Lahore and others by May...

Published 28 May, 2023 03:34am

Raja Riaz calls on PM

LAHORE: Leader of Opposition in the National Assembly Raja Riaz Ahmad accompanied by Nawab Sher Waseer MNA called on...

Published 28 May, 2023 03:34am

Punjab CM reviews pace of work at Johar Town project

LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi visited walk and shop arena at Johar Town and Akbar Chowk...

Published 28 May, 2023 03:34am

Debt trap—II

In Pakistan, however, industry/value addition is relegated to secondary position in reward to investment in real...

Published 28 May, 2023 03:34am

‘Learning From Others’—V

Power Sector: Power sector was the major negative influence on India’s economy as well. The problems and ...

Published 28 May, 2023 03:34am

Foreign Minister of Belarus to arrive on 30th

ISLAMABAD: Foreign Minister of the Republic of Belarus Sergei Aleinik will undertake an official visit to Islamabad...

Published 28 May, 2023 03:34am

Khusro Bakhtyar announces to quit PTI

ISLAMABAD: Another leader of Pakistan Tehreek-e-Insaf and former federal minister Khusro Bakhtyar has announced to...

Published 28 May, 2023 03:34am

Another ex-lawmaker from Peshawar quits PTI

PESHAWAR: Another former lawmaker belonging to Pakistan Tehreek-e-Insaf from Peshawar also announced on Saturday to...

Published 28 May, 2023 03:34am

Mere apprehensions no ground to curtail citizen’s freedom: LHC

LAHORE: The Lahore High Court has observed that held without any valid reason and support of any cogent material,...

Published 28 May, 2023 03:34am

Youm-e-Takbeer today

LAHORE: Youm-e-Takbeer marking the 25th anniversary of Pakistan’s nuclear tests, is being celebrated on Sunday...

Published 28 May, 2023 03:34am

Omar Ayub new SG of PTI

PTI asks all officials, workers, and members to cooperate with Omar Ayub to fulfill their responsibilities

Updated 28 May, 2023 10:15am

Diplomatic passports of 9 PTI leaders, Rashid cancelled

AML chief Sheikh Rasheed’s diplomatic passport has also been canceled

Updated 28 May, 2023 10:11am

Bilawal to visit Iraq

Will hold meetings with Iraqi leaders including his counterpart

Updated 28 May, 2023 10:09am

SU starts classes of M Phil, PhD in Pharmacy

HYDERABAD: Chairman Department of Pharmacy Practice, Faculty of Pharmacy, University of Sindh, Jamshoro, Professor...

Published 28 May, 2023 03:34am

Narcotics worth $65.148m seized

KARACHI: Pakistan Navy and ANF seized huge quantity of narcotics in counter narcotics operation. Pakistan Navy...

Published 28 May, 2023 03:34am

The Weather

KARACHI: The weather report on Saturday (May 27, 2023) and the forecast for Sunday (May 28, 2023)...

Published 28 May, 2023 03:34am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Saturday (May 27, 2023). ======================================= Offset...

Published 28 May, 2023 03:34am

Commodities

Japanese rubber futures decline

SINGAPORE: Japanese rubber futures ended almost flat on Friday, but dropped for the week, tracking a mostly...

Published 28 May, 2023 03:34am

Commodities

Iron ore set for steep fall on China demand anxiety

MANILA: Iron ore futures see-sawed on Friday, but remained on track for steep weekly losses as the demand outlook ...

Published 28 May, 2023 03:34am

Cotton & Textile

Thin activity on cotton market

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

Published 28 May, 2023 03:34am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 27, 2023)...

Published 28 May, 2023 03:34am

Commodities

CBOT soyabeans rally on progress in US debt ceiling talks

CHICAGO: Chicago Board of Trade soyabean futures ended firmer on Friday as optimism over negotiations to raise the ...

Published 28 May, 2023 03:34am

Commodities

‘Brazil’s coffee crop should surprise positively, exports recover’

SAO PAULO: Brazil’s 2023 coffee crop should surprise positively and exports recover in the second half of the ...

Published 28 May, 2023 03:34am

Commodities

Vietnam to cut annual rice exports

HANOI: Vietnam aims to cut its rice exports to 4 million tonnes a year by 2030, the government said in a document...

Published 28 May, 2023 03:34am

Commodities

China’s refined nickel imports slump to near 20-year lows

LONDON: China’s imports of refined nickel have fallen to levels last seen almost 20 years ago, when the ...

Published 28 May, 2023 03:34am

Commodities

French soft wheat crop rating steady

PARIS: The condition of French soft wheat was stable in the week to May 22, holding at its best level in at least a...

Published 28 May, 2023 03:34am

Cabinet approves new directors on USF board

ISLAMABAD: The federal cabinet has approved new directors on Universal Service Fund (USF) Company Board including...

Updated 28 May, 2023 10:04am

Northern region: AC-IV Pindi to be redesignated as insurance tribunal

ISLAMABAD: The federal government has decided to redesignate Accountability Court-IV Rawalpindi as an insurance...

Updated 28 May, 2023 10:00am

Business bank account opening: RRMC for making NTN mandatory

ISLAMABAD: The Reforms & Revenue Mobilisation Commission (RRMC) has recommended that the National Tax Number...

Updated 28 May, 2023 10:00am

Commodities

Gold prices gain

KARACHI: Gold prices on Saturday inched up on the local market, traders said. Gold was traded for Rs236200 per tola,...

Published 28 May, 2023 03:34am

Different categories of cos: SECP gets powers to approve capital expenditure/disposal of fixed assets

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has obtained powers to give approval of the...

Updated 28 May, 2023 10:00am

Gharo cluster transmission: WPPs for removing constraints

ISLAMABAD: Three Wind Power Projects (WPPs) have urged the government to remove constraints on the Gharo Cluster...

Updated 28 May, 2023 10:04am

Govt rules out negotiations with Imran

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb on Saturday ruled out negotiations with ...

Updated 28 May, 2023 08:42pm

IK says ‘will give a surprise’ soon

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Saturday appeared optimistic about the future of his...

Updated 28 May, 2023 10:01am

PM praises team, says economy back on the rails

Premier says steps are being taken to ensure relief to the public in the upcoming budget

Updated 28 May, 2023 07:27pm

Prices of essential kitchen items show declining trend

ISLAMABAD: The prices of essential kitchen items have witnessed a decreasing trend during this week past against the...

Published 28 May, 2023 03:34am

Taxes

Housing societies defying registration to avoid ST

LAHORE: Housing societies in Punjab are defying registration with the Punjab Revenue Authority (PRA) to avoid sales...

Published 28 May, 2023 03:34am

Money & Banking

Bank of Khyber inaugurates two new branches in Islamabad

ISLAMABAD: Bank of Khyber, one of the leading financial institutions in Pakistan, is proud to announce the grand...

Published 28 May, 2023 03:34am

High-potential startups showcase ideas under the auspices of FPCCI

KARACHI: Farrukh H Khan, Chief Executive Officer (CEO) PSX apprised that under the auspices of FPCCI, high potential...

Published 28 May, 2023 03:34am

Money & Banking

NBP customers adopting digital banking successfully

KARACHI: The National Bank of Pakistan has unequivocally recognized and commended the ground-breaking ...

Published 28 May, 2023 03:34am

Portugal envoy visits LCCI, discusses trade potential

LAHORE: Ambassador of Portugal Manuel Frederico Pinheiro Silva during his visit to the Lahore Chamber of Commerce ...

Published 28 May, 2023 03:34am

Pak-Iran cooperation

EDITORIAL: Things are moving quickly indeed in and around the Gulf. The Pakistani prime minister and Iranian...

Published 28 May, 2023 03:34am

Sorting out Baloch militancy

EDITORIAL: A significant success in the counter-insurgency operations in Balochistan was achieved a few months ago -...

Published 28 May, 2023 03:34am

PIAF chairman greets Anjum Nisar upon his election as VP SAARC CCI

Industry

Need stressed for more trade with Malaysia

KARACHI: Speakers at a reception observed that despite very close relations, bilateral trade volume between Pakistan...

Published 28 May, 2023 03:34am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 28	254.63
Diesel/Litre / Apr 28	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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