News Archives for Print - 2023-06-03

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Print - 2023-06-03

‘CIA chief made secret trip to Beijing last month’

WASHINGTON: CIA Director William Burns made a secret trip to China last month hoping to shore up lines of...

Published 03 Jun, 2023 03:52am

The Weather

KARACHI: The weather report on Friday (June 02, 2023) and the forecast for Saturday (June 02, 2023)...

Published 03 Jun, 2023 03:52am

ITALIAN REPUBLIC DAY: Messages from Andreas Ferrarese Ambassador of Italy in Pakistan

TEXT: As we celebrate 77th anniversary of the Republic Day, National Day of Italy, I am pleased to speak to our...

Published 03 Jun, 2023 03:52am

ITALIAN REPUBLIC DAY: Messages from Danilo Giurdanella Consul General of Italy in Karachi

TEXT: It gives me great pleasure to address the readers again on the National Day of the Italian Republic. In an...

Published 03 Jun, 2023 03:52am

ITALIAN REPUBLIC DAY: Messages from Amedeo Scarpa Italian Trade Commissioner for Pakistan UAE office

The Italian Trade Commission (ITA) is the Italian Government trade and investment promotion agency whose duty is to...

Published 03 Jun, 2023 03:52am

ITALIAN REPUBLIC DAY: Messages from Aarij Iqbal President Italian Trade Development Committee – IDC

TEXT: I send the Italian people my best greetings as they celebrate their 77th Republic Day on behalf of the Italian...

Published 03 Jun, 2023 03:52am

Italian Agency for Development Cooperation-AICS

TEXT: The Italian Agency for Development Cooperation (AICS) Islamabad office undertakes several multi-sectoral...

Published 03 Jun, 2023 03:52am

The Italian Archaeological Mission in Pakistan

TEXT: The Mission has been active since 1955 and is amongst the longest-running archaeological missions in Asia....

Published 03 Jun, 2023 03:52am

The Italian Historical-Archaeological Project of the Catholic University at Banbhore in Sindh

TEXT: With these words, on 9th May, 2023, the Italian Minister for Foreign Affairs and International Cooperation,...

Published 03 Jun, 2023 03:52am

Bilateral Italy-Pakistan Trade: Analysis

TEXT: The bilateral trade relationship between Italy and Pakistan has achieved a significant milestone in the second...

Published 03 Jun, 2023 03:52am

May 9 violence cases: ATC extends IK’s bail

LAHORE: An Anti-Terrorism Court (ATC) on Friday extended PTI Chairman Imran Khan’s bail in cases linked to May 09...

Published 03 Jun, 2023 03:52am

Regional land route connectivity key to boosting trade: DG NLC

KARACHI: Regional land route connectivity under Transport Internationaux Routier (TIR) holds the key to diversify...

Published 03 Jun, 2023 03:52am

Recruitment of teachers: Sindh govt barred

KARACHI: The Sindh High Court (SHC) on Friday barred the provincial government from further recruitment of ...

Published 03 Jun, 2023 03:52am

ICC Chairman, Chief Executive conclude visit: PCB looks forward to working closely with ICC: Sethi

LAHORE: The Chair of the International Cricket Council, Greg Barclay has said that cricket facilities in Pakistan ...

Published 03 Jun, 2023 03:52am

NCA to host national players for specialized camps

LAHORE: With a view to develop a deep and strong core ahead of an exciting and challenging season, as many as 13...

Published 03 Jun, 2023 03:52am

South Asia

At least 50 die, 300 injured in train collision in India

BENGALURU: At least 50 people were killed and 300 hospitalized in India after a passenger train derailed and ...

Published 03 Jun, 2023 03:52am

Ex-PTI MNA joins PPP

ISLAMABAD: A former member of the National Assembly (MNA) of Pakistan Tehreek-e-Insaf (PTI) from NA-47, Jawad ...

Published 03 Jun, 2023 03:52am

Gadoon Textile Mills Limited

TEXT: Our Story In the late 1980s, the Government of Pakistan extended an invitation to the corporate sector of the...

Published 03 Jun, 2023 03:52am

Fighting Naegleria virus: KWSB says it is adding chlorine to water properly

KARACHI: Chief Executive Officer (CEO) Karachi Water and Sewerage Board (KW&SB) Engineer Syed Salahuddin Ahmed...

Published 03 Jun, 2023 03:52am

Zille Shah murder case: LHC extends IK’s bail till 6th

LAHORE: The Lahore High Court (LHC) on Friday extended the bail of the former Prime Minister Imran Khan till June 06...

Published 03 Jun, 2023 03:52am

Action against illegal tobacco trade: Health activists hail PM’s directive to FBR

ISLAMABAD: Health activists Friday appreciated Prime Minister Shahbaz Sharif’s strict directives to the Federal...

Published 03 Jun, 2023 03:52am

Land encroachments, water theft: Sindh govt to take stringent measures to deal with challenges: CS

KARACHI: Chief Secretary Sindh, Dr Muhammad Sohail Rajput chaired a high-level meeting regarding the issues of...

Published 03 Jun, 2023 03:52am

Directorate I&I detects mega scam of fake ST inovices

ISLAMABAD: Directorate of Intelligence & Investigation (IR) Lahore has unearthed a gang of fraudsters involved ...

Published 03 Jun, 2023 03:52am

ATC extends judicial remand of seven PTI women leaders

LAHORE: An Anti Terrorism Court on Friday extended the judicial remand for one day of seven PTI women leaders and...

Published 03 Jun, 2023 03:52am

Temperatures begin to rise in southern parts

KARACHI: After the rainy- windy-stormy spell has ended, temperatures begun to soar in several southern parts of the...

Published 03 Jun, 2023 03:52am

‘Panama Papers’: hearing of petition on 9th

ISLAMABAD: The Supreme Court, on Friday, fixed Jamaat-e-Islami (JI) chief Sirajul Haq’s seven years old petition...

Published 03 Jun, 2023 03:52am

Zardari, Shujaat discuss political situation

LAHORE: Former president Asif Ali Zardari and Pakistan Muslim League-Quaid (PML-Q) supremo Chaudhry Shujaat Hussain...

Published 03 Jun, 2023 03:52am

PTI has made offer of talks to ‘real decision-makers’, says Hammad Azhar

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) senior leader Hammad Azhar on Friday said that the party’s offer to hold...

Published 03 Jun, 2023 03:52am

DG LDA observes improvement in revenue during last two months

LAHORE: Lahore Development Authority (LDA) Director General Muhammad Ali Randhawa has said that effective monitoring...

Published 03 Jun, 2023 03:52am

Ziauddin University, Moru Tropical Health Network to establish PPIE

KARACHI: Ziauddin University held a momentous signing ceremony, marking a significant milestone in Pakistan's...

Published 03 Jun, 2023 03:52am

US Deputy Chief of Mission appreciates CBD initiatives

LAHORE: US Deputy Chief of Mission for Pakistan, Andrew Schofer visited Punjab Central Business District Development...

Published 03 Jun, 2023 03:52am

Punjab govt to provide modern-design carts to street vendors

LAHORE: The caretaker Punjab government was launching a pilot project in the provincial capital for providing...

Published 03 Jun, 2023 03:52am

Punjab CM for improving healthcare services in hospitals

LAHORE: The caretaker Punjab Chief Minister Mohsin Naqvi has called for a plan to improve healthcare services in...

Published 03 Jun, 2023 03:52am

LHC allows family & legal team of Khadija Shah to visit her

LAHORE: The Lahore High Court on Friday directed the jail authorities to allow the family and the legal team of...

Published 03 Jun, 2023 03:52am

Governor says steps under way to resolve problems of power consumers

LAHORE: Punjab Governor Muhammad Baligh-ur-Rehman said on Friday the government is making efforts to resolve the...

Published 03 Jun, 2023 03:52am

NAB summons IK, spouse in £190m scam

ISLAMABAD: The National Accountability Bureau (NAB) has summoned Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan...

Published 03 Jun, 2023 03:52am

PM to be summoned if Shahzad Akbar’s brother not recovered: IHC

ISLAMABAD: The Islamabad High Court (IHC) has warned that it will summon Prime Minister Shehbaz Sharif if Mirza ...

Published 03 Jun, 2023 03:52am

Justice Isa says he did greet the Chief Justice

ISLAMABAD: Justice Qazi Faez Isa, Friday, clarified that he has not ignored Chief Justice Umar Ata Bandial in the...

Published 03 Jun, 2023 03:52am

$700m Dasu transmission line: Senate panel smells a rat in NTDC’s contract process

ISLAMABAD: The Senate Standing Committee on Power on Friday again accused the National Transmission and Despatch...

Updated 03 Jun, 2023 09:34am

Rates

Stocks snap losing streak

KARACHI: Pakistan Stock Exchange Friday witnessed a mixed trend and after moving both ways, closed on slightly...

Published 03 Jun, 2023 03:52am

July-May trade deficit shrinks 40.59pc to $25.79bn YoY

ISLAMABAD: Pakistan’s trade deficit narrowed by 40.59% to $25.791 billion during the first 11 months (July-May) of...

Updated 03 Jun, 2023 09:26am

Expanding export base, mitigating global trade risks: SBP informs Senate panel of EXIM Bank’s main objective

Says it is aimed at mitigating risks in international trade

Updated 03 Jun, 2023 09:29am

‘External development loans, advances’: MoEA seeks budget estimates under grant

ISLAMABAD: Ministry of Economic Affairs has sought budget estimates under “external development loans and advances...

Updated 03 Jun, 2023 09:31am

Afghanistan, Iran, Russia: Country outlines process for barter trade

Govt tries to manage balance of payments crisis amid record inflation

Updated 03 Jun, 2023 09:14am

SNGPL and SSGCL: OGRA determines revenue requirements for FY24

Average prescribed price per MMBTU has been recommended at Rs1,238.68

Updated 03 Jun, 2023 09:33am

Tax return form to be issued in Urdu: Scheme in budget for small traders to end multiple tax rates: Dar

ISLAMABAD: Finance Minister Ishaq Dar has assured All Pakistan Anjuman-e-Tajiran that the budget (2023-24) would...

Updated 03 Jun, 2023 09:35am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 03 Jun, 2023 03:52am

Rates

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 03 Jun, 2023 03:52am

Stocks

Last date of renunciation/payment

KARACHI: Last dates of renunciation/payment....

Published 03 Jun, 2023 03:52am

Rates

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 03 Jun, 2023 03:52am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (June 02, 2023). ==================================== BR...

Published 03 Jun, 2023 03:52am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on Friday...

Published 03 Jun, 2023 03:52am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Friday (June 02, 2023)....

Published 03 Jun, 2023 03:52am

Rates

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 03 Jun, 2023 03:52am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (June 02, 2023)....

Published 03 Jun, 2023 03:52am

A catch-22 situation

Pakistan has got itself fully trapped in a catch-22 situation, which is an impossible predicament where you are...

Published 03 Jun, 2023 03:52am

Bikers of Karachi

As a student in the USA, I was fascinated with the capers of Evel Knievel, the American motorcycle stunt performer...

Updated 03 Jun, 2023 04:19am

Cotton & Textile

KCA underscores need for safeguarding interests of all segments of cotton trade

LAHORE: The Karachi Cotton Association (KCA) on Friday urged upon the government that the policy of free trading in...

Published 03 Jun, 2023 03:52am

Cotton & Textile

Cotton cultivation, farmers’ details: Officials asked to finalise data by 15th

LAHORE: Secretary Agriculture Punjab Iftikhar Ali Sahoo has directed all the divisional officers to finalise the ...

Published 03 Jun, 2023 03:52am

PARTLY FACETIOUS: Indeed, a ‘suicide attack’

“It’s nothing short of a suicide attack.” “What are you referring to? You must narrow it down – I mean...

Published 03 Jun, 2023 03:52am

Energy

Dastgir opens three-day ‘ISEM & IREM Exhibition’

LAHORE: The Federal Minister for Energy, Khurram Dastgir Khan has said that the renewable energy is the need of the...

Published 03 Jun, 2023 03:52am

Meeting on PSDP proposals‘Innovative’ projects must be given priority: PM

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Ministry of Planning and Development to give priority to...

Updated 03 Jun, 2023 09:37am

PSDP allocates Rs1.1trn: Govt sets 3.5pc GDP growth target for FY24

Rs150 billion earmarked for Public-Private Partnership

Updated 03 Jun, 2023 02:34pm

Elahi re-arrested

LAHORE: A city court on Friday discharged PTI President and former Chief Minister Punjab Chaudhry Parvez Elahi in a...

Published 03 Jun, 2023 03:52am

Punjab Cabinet approves amendment to Punjab Civil Service Pension Rules

LAHORE: The Punjab Cabinet, which met here on Friday with the caretaker Chief Minister Mohsin Naqvi in the chair,...

Updated 03 Jun, 2023 09:38am

Energy

May oil sales plunge 40pc to 1.3m tons YoY

KARACHI: Pakistan oil sales in May 2023, clocked in at 1.3 million tons, down 40 percent on year-on-year basis....

Published 03 Jun, 2023 03:52am

Energy

OGRA starts awareness campaigns on safe use of LPG

LAHORE: Oil and Gas Regulatory Authority (OGRA) acknowledges the utmost value of every life and is committed to...

Published 03 Jun, 2023 03:52am

Energy

Three high power auto transformers energized on grid stations: NTDC

LAHORE: Managing Director NTDC, Engr. Dr. Rana Abdul Jabbar Khan has said that successful installation and...

Published 03 Jun, 2023 03:52am

Film, art, culture: Pakistan, Germany agree to enhance cooperation

ISLAMABAD: Pakistan and Germany, on Friday, agreed to enhance cooperation in the areas of film, art, and culture. A...

Published 03 Jun, 2023 03:52am

Letters

Farewell to arms

Violent protests broke out in several cities of the country following the arrest of Pakistan Tehreek-e-Insaf (PTI)...

Published 03 Jun, 2023 03:52am

Commodities

Gold prices shoot up

KARACHI: Gold prices on Friday shot up on the local market but silver stood firm, traders said. Gold prices surged...

Published 03 Jun, 2023 03:52am

Missed tax target

EDITORIAL: Bad news continues to flow in for the finance ministry as it turns out that FBR (Federal Board of ...

Published 03 Jun, 2023 03:52am

A silver lining?

EDITORIAL: While the trichotomy of power envisaged by the Constitution has been badly bruised during the recent...

Published 03 Jun, 2023 03:52am

UBG demands govt declare ‘emergency for economic reforms’

KARACHI: The UBG leadership, Zubair Tufail, Former President, Federation of Pakistan Chambers of Commerce &...

Published 03 Jun, 2023 03:52am

Industry

Agri sector: minister says country needs to adopt latest techniques

ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal on Friday said that to make Pakistan...

Published 03 Jun, 2023 03:52am

Taxes

IPSOS report: Illicit cigarette trade costs FBR Rs240bn per annum

ISLAMABAD: An international research company Friday disclosed that tax evasion by illicit cigarette traders has...

Published 03 Jun, 2023 03:52am

Money & Banking

NBP’s Rehmat Ali Hasnie honoured as ‘CEO of the Year’

KARACHI: Rehmat Ali Hasnie, President and CEO (A) of National Bank of Pakistan (NBP), has been recognised as the CEO...

Published 03 Jun, 2023 03:52am

Companies

HBL inaugurates Islamic Prestige Lounge in Dolmen Mall

KARACHI: HBL inaugurated its 5th Islamic Prestige Lounge located in Dolmen Mall, Karachi. This is the 39th Prestige...

Published 03 Jun, 2023 03:52am

Companies

BOK, Saudi company sign MoU to support businesses in Pakistan

PESHAWAR: In a significant move towards promoting SME financing and economic development in Pakistan, the Bank of...

Published 03 Jun, 2023 03:52am

Industry

Trade, investment and IT: Talks held with Georgia to explore areas of cooperation: FO

ISLAMABAD: Pakistan and Georgia have formally kicked off the mechanism of bilateral political consultations, ...

Published 03 Jun, 2023 03:52am

Open-ended CISs: SECP specifies rating requirement for investment

ISLAMABAD: To protect unit holders’ investment in various schemes launched by Asset Management Companies (AMCs) ...

Published 03 Jun, 2023 03:52am

Moot on upcoming FY24 budget: Realtors urge FBR to abolish CVT on foreign assets thru finance bill

ISLAMABAD: D evelopers, builders have strongly proposed to the Federal Board of Revenue (FBR) to abolish Capital...

Published 03 Jun, 2023 03:52am

Industry

Currency swap with Moscow demanded: FPCCI hails barter trade with Russia, Iran and Afghanistan

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

Published 03 Jun, 2023 03:52am

Industry

KATI welcomes govt’s announcement of gas subsidy

KARACHI: Faraz-ur-Rehman, President of the Korangi Association of Trade and Industry (KATI), welcomed the...

Published 03 Jun, 2023 03:52am

SPI inflation up 0.03pc WoW

ISLAMABAD: The Sensitive Price Indicator (SPI)-based inflation for the week ended June 1, 2023, increased by 0.03...

Published 03 Jun, 2023 03:52am

Fitch holds US rating on negative watch despite debt deal

WASHINGTON: Ratings agency Fitch said Friday that it is keeping the United States’ “AAA” credit rating on...

Published 03 Jun, 2023 03:52am

Interest Rates

PC had requested that scope and outcome for this transaction may be defined by Power Division and NEPRA

Updated 03 Jun, 2023 09:23am

‘WHT levy based on invoice price’ PAMA voices its concern over budget proposal

KARACHI: Local auto assemblers have expressed concerns over a budget proposal for the fiscal year 2023-24, which...

Published 03 Jun, 2023 03:52am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Petrol/Litre / Apr 17	254.63
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Diesel/Litre / Apr 17	258.64
Cotton US¢/pound / Apr 17	66.66

Gainers
Losers
Leaders

Stock	Price
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.84 ▲ 0.76 (12.5%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.48 ▼ -0.46 (-11.68%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.84 ▼ -1.56 (-9.51%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.52 ▼ -4.7 (-8.67%)
Bawany Air Products / Apr 17 Bawany Air Products Limited(BAPL)	32.39 ▼ -2.92 (-8.27%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.40 ▼ -1.2 (-8.22%)
Jahangir Sidd(Pref) / Apr 17 Jahangir Sidd(Pref)(JSCLPSA)	8.85 ▼ -0.6 (-6.35%)
Sanghar Sugar / Apr 17 Sanghar Sugar Mills Limited(SANSM)	50.83 ▼ -3.24 (-5.99%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	340.04 ▼ -19.97 (-5.55%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,794,610 ▲ 3.81
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,321,095 ▲ 0.15
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,945,036 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,949,781 ▲ 1.19
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,604,549 ▲ 4.2
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,865,718 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,613,210 ▲ 0.21
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,679 ▲ 1.06
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,975,030 ▲ 0.09
United BankXD / Apr 17 United Bank Limited(UBL)	10,968,701 ▲ 16.02

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