News Archives for Print - 2023-06-12

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Print - 2023-06-12

KSA seeks cooperation with China, ‘ignores’ Western worries

RIYADH: Saudi Arabia wants to collaborate, not compete, with China, the kingdom’s energy minister declared on...

Published 12 Jun, 2023 06:26am

Honduras opens China embassy after cutting ties with Taiwan

BEIJING: Honduras officially opened an embassy in China on Sunday, months after the Central American country ...

Published 12 Jun, 2023 06:26am

EU offers Tunisia over 1bn euros to boost economy

TUNIS: The European Union on Sunday offered Tunisia more than one billion euros in aid to boost its crisis-hit...

Published 12 Jun, 2023 06:26am

Hides of sacrificial animals: June 20 deadline to submit application

RAWALPINDI: June 20 would be the deadline to submit an application to collect hides of sacrificial animals as...

Published 12 Jun, 2023 06:26am

Cricketer Eyman sets her goals for ACC Asia Cup 2023

LAHORE: Eyman Fatima, an 18-year-old hailing from Sargodha, is another rising star in Pakistan’s cricket scene....

Published 12 Jun, 2023 06:26am

USA

Body camera footage released after fatal police shooting of 14-year-old in Colorado

NEW YORK: Police in Aurora, Colorado, have released body camera footage following the death of a teenager who was...

Published 12 Jun, 2023 06:26am

Biden plans to keep quiet on Trump documents charges

WASHINGTON: Don’t expect US President Joe Biden to comment about the 37-count indictment against Donald Trump that...

Published 12 Jun, 2023 06:26am

Europe

UK opposition demands election amid Johnson ‘farce’

LONDON: UK opposition leader Keir Starmer on Sunday demanded a general election as three MPs from the ruling...

Published 12 Jun, 2023 06:26am

Khamenei says ‘nothing wrong’ with a nuclear deal with West

DUBAI: Iran’s supreme leader said on Sunday that a deal with the West over Tehran’s nuclear work was possible if...

Published 12 Jun, 2023 06:26am

Europe

Russia to deploy tactical nuclear weapons in Belarus in July, says Putin

MOSCOW: Russia will start deploying tactical nuclear weapons in Belarus after special storage facilities are ready ...

Published 12 Jun, 2023 06:26am

Africa

Clashes resume in Sudan as 24-hour ceasefire ends

KHARTOUM: Shelling and gunfire resumed Sunday in the Sudanese capital, witnesses said, after the end of a 24-hour...

Published 12 Jun, 2023 06:26am

Europe

Scottish ex-leader Nicola Sturgeon arrested

LONDON: Former Scottish leader Nicola Sturgeon was on Sunday arrested as part of an investigation into financial...

Published 12 Jun, 2023 06:26am

Expert says climate change, water scarcity can affect rice production

LAHORE: Chairman Rice Research and Development Board Punjab Shahzad Ali Malik warned that challenges such as climate...

Published 12 Jun, 2023 06:26am

Trimmu-Sidhnai Link Canal affectees: Compensation process begins

LAHORE: Owing to continuous mediation, monitoring, and facilitation by the Office of the Ombudsman Punjab, the...

Published 12 Jun, 2023 06:26am

PAF&DA project: CM Punjab reviews progress

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi visited Punjab Agriculture, Food and Drug Authority project and...

Published 12 Jun, 2023 06:26am

Bonded child labour prevails due to poor implementation of laws: HWA

HYDERABAD: In ten years, from 2013 to 2023, in Sindh 3727 children together with their adult family members were...

Published 12 Jun, 2023 06:26am

Absence from PAC meeting: NTDC MD tenders apology to Power Division

ISLAMABAD: Managing Director, National Transmission and Despatch Company (NTDC) Rana Abdul Jabbar has tendered...

Published 12 Jun, 2023 06:26am

Sindh police delegation calls on Punjab CM

LAHORE: A delegation of Sindh Police Under Training DSPs met with the Caretaker Chief Minister Punjab Mohsin Naqvi ...

Published 12 Jun, 2023 06:26am

Punjab, KP govts urged to raise salaries

LAHORE: Senior leader of Istehkam-e-Pakistan Party (IPP) Abdul Aleem Khan has urged the caretaker governments of...

Published 12 Jun, 2023 06:26am

The Weather

KARACHI: The weather report on Sunday (June 11, 2023) and the forecast for Monday (June 12, 2023)....

Published 12 Jun, 2023 06:26am

OGDCL embarks on transformative learning journey with LUMS

LAHORE: In a landmark partnership, the Oil & Gas Development Company Limited (OGDCL) has joined hands with the...

Published 12 Jun, 2023 06:26am

Trump is ‘toast’ if classified records case is proven, ex-AG

WASHINGTON: Former US Attorney General William Barr on Sunday defended Special Counsel Jack Smith’s 37-count...

Published 12 Jun, 2023 06:26am

Mirwaiz again barred from offering Friday prayer in IIOJK

MIRPUR (AJK): The Anjuman Auqaf Jamia Masjid Srinagar on Sunday said that Mirwaiz of Kashmir Dr Moulvi Muhammad Umar...

Published 12 Jun, 2023 06:26am

Italian CG meets Sindh CM

KARACHI: Italian Consul General Danilo Giurdanella and Ombudsman of Lazio, Italy Marino Fardelli called on Sindh...

Published 12 Jun, 2023 06:26am

WASA accelerates drive against defaulters

RAWALPINDI: Water and Sanitation Agency (WASA) Rawalpindi has accelerated its ongoing operation against defaulters,...

Published 12 Jun, 2023 06:26am

Two trains narrowly escape collision

GHOTKI: The Rawalpindi-bound Green Line and the Fareed Express moving in the opposite direction narrowly escaped an...

Published 12 Jun, 2023 06:26am

Over 75pc pharmacies functioning without qualified pharmacists, says expert

KARACHI: Over 75% of pharmacies in Pakistan are functioning without trained and qualified pharmacists to dispense...

Published 12 Jun, 2023 06:26am

PPP candidates return unopposed in Hyderabad, Sanghar

HYDERABAD: Pakistan Peoples Party’s candidate returns unopposed over town chairman’s seat in Hyderabad, ...

Published 12 Jun, 2023 06:26am

Rain-hit KP: Bilawal asks PPP workers to participate in relief activities

KARACHI: Foreign Minister Bilawal Bhutto Zardari has expressing deep grief and sorrow over the loss of precious ...

Published 12 Jun, 2023 06:26am

Training our manpower key to breaking debt trap: PDP

KARACHI: Expressing dismay at insufficient outlays in the budget for education and training sectors, Pasban...

Published 12 Jun, 2023 06:26am

Karachi mayorship: Murtaza, Naeem’s nomination papers declared valid

KARACHI: In Karachi’s mayoral and deputy elections, the documents of Barrister Murtaza Wahab a Pakistan Peoples...

Published 12 Jun, 2023 06:26am

Coastal cities, towns of Sindh: ‘extremely heavy rainfall’ expected

KARACHI: The cyclonic storm “Biparjoy” has grown into extreme levels over the Arabian Sea, which is likely to...

Published 12 Jun, 2023 06:26am

BISP, KfW German Development Bank ink MoU

PESHAWAR: The Benazir Income Support Programme (BISP) and KfW, a German Development Bank, have forged a partnership...

Published 12 Jun, 2023 06:26am

Pilgrims urged to obtain authorised ‘sacrificial coupons’

MAKKAH MUKARMA: Director General Hajj Abdul Wahab Soomro on Sunday emphasized the importance of obtaining authorized...

Published 12 Jun, 2023 06:26am

Cyclone threat: Commissioner orders removal of billboards

KARACHI: Karachi Commissioner Iqbal Memon has directed authorities concerned to remove all billboards from the city...

Published 12 Jun, 2023 06:26am

‘Ease of doing business’ deteriorating in NMDs: study

PESHAWAR: A study conducted by National Influencers, a think-tank of the newly merged districts (NMDs) of the...

Published 12 Jun, 2023 06:26am

Systems Limited and IBM showcase cutting-edge technology at ‘Go Limitless’

LAHORE: Systems Limited, in collaboration with its partner IBM, hosted Go Limitless, an event focused on business...

Published 12 Jun, 2023 06:26am

Karachi mayorship: JI urges Zardari to ‘accept PPP’s defeat’

KARACHI: Jamaat-e-Islami (JI) Emir Sirajul Haq said on Sunday that Pakistan Peoples Party (PPP) co-chairman Asif Ali...

Published 12 Jun, 2023 06:26am

Aleem expresses sorrow over loss of lives in KP

LAHORE: Istehkam-e-Pakistan Party (IPP) leader and senior politician Abdul Aleem Khan expressed deep sorrow over the...

Published 12 Jun, 2023 06:26am

Rates

PKR declines 0.43pc

KARACHI: The rupee depreciated 0.43% in the inter-bank market during the previous week, maintaining its rather ...

Published 12 Jun, 2023 06:26am

‘World Bank needs new playbook to boost private investment in emerging markets’

WASHINGTON: The World Bank must use “informed risk-taking” to encourage private investors to get more engaged in...

Updated 12 Jun, 2023 08:40am

Danish minister may arrive this week

ISLAMABAD: Danish Minister for Development Cooperation and Global Climate Policy, Dan Jorgensen is likely to visit...

Updated 12 Jun, 2023 12:16pm

Divided Fed expected to rally around a US interest rate pause

WASHINGTON: The US Federal Reserve is widely expected to pause its campaign of interest rate increases on Wednesday...

Updated 12 Jun, 2023 08:40am

Sindh CM issues cyclone alert for coastal cities, towns

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Sunday said that cyclonic storm, ‘Biparjoy’ is likely to hit...

Updated 12 Jun, 2023 08:41am

Rates

Futures spread up 341bps

KARACHI: The futures spread increased by 341bps to 18.97 percent on the last day of the outgoing week. Trading...

Published 12 Jun, 2023 06:26am

Rates

PSX witnesses positive trend

KARACHI: Pakistan Stock Exchange witnessed positive trend during the outgoing week ended on June 09, 2023 due to...

Published 12 Jun, 2023 06:26am

Maryam steps up criticism of seemingly beleaguered IK

SHUJAABAD: Pakistan Muslim League-Nawaz (PML-N) Senior Vice President Maryam Nawaz on Sunday lambasted the Pakistan...

Published 12 Jun, 2023 06:26am

Increased cooperation with Turkiye will create a win-win situation: PM

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Sunday said that the enhanced bilateral cooperation between...

Published 12 Jun, 2023 06:26am

Automart: car prices in Karachi

Rates in the week ended Sunday June 11, 2023

Published 12 Jun, 2023 06:26am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (June 5 to 9,...

Published 12 Jun, 2023 06:26am

Stocks

US stocks end a tad higher as Tesla rallies

NEW YORK: The S&P 500 closed higher on Friday but off session highs, as a Tesla rally failed to galvanize the...

Published 12 Jun, 2023 06:26am

Stocks

European shares slip as cenbank meetings loom

PARIS: European shares slipped on Friday, rounding off a lacklustre week that saw investors step to the sidelines...

Published 12 Jun, 2023 06:26am

Stocks

China stocks rise

SHANGHAI: China stocks ended higher on Friday, buoyed by optimism over policy support for automobile and technology...

Published 12 Jun, 2023 06:26am

Commodities

Palm oil surges 3pc ahead of key data, logs second weekly decline

KUALA LUMPUR: Malaysian palm oil futures jumped more than 3 percent on Friday, rebounding from the previous session...

Published 12 Jun, 2023 06:26am

Commodities

Gold heads for best week in five on Fed rate pause bets

NEW YORK: Gold eased on Friday on a stronger dollar and higher yields, but was set for its best week since early May...

Published 12 Jun, 2023 06:26am

Energy

Oil posts second weekly decline as demand concerns overshadow Saudi cut

BENGALURU: Oil prices fell more than a dollar a barrel on Friday to record a second straight weekly decline, as...

Published 12 Jun, 2023 06:26am

Commodities

Copper heads for second weekly gain as stocks improve sentiment

LONDON: Copper prices rose on Friday, heading for a second weekly gain, on hopes of improved demand from top ...

Published 12 Jun, 2023 06:26am

Stocks

London stocks fall on homebuilders drag, Croda sell-off

LONDON: British equities slipped on Friday after chemicals firm Croda hauled the sector to its worst day in over...

Published 12 Jun, 2023 06:26am

Sharifuddin Pirzada: a legend grossly misunderstood

A lawyer’s fame is like a writing on a sand beach. In the turbulent political and constitutional history of...

Published 12 Jun, 2023 06:26am

Commodities

Prices of essential food items remain high

PESHAWAR: Prices of essential food commodities, including live chicken/meat, vegetables, flour, sugar, fruits,...

Published 12 Jun, 2023 06:26am

Letters

‘The AgriTech way’

This is apropos a letter to the Editor ‘The AgriTech way’ carried by the newspaper yesterday. In my view,...

Published 12 Jun, 2023 06:26am

Budget: Will money come as budgeted?

The key question from an economic perspective is not whether the budget 2023-24 is pro-poor, pro-business,...

Updated 12 Jun, 2023 07:06am

One burger combo, please!

Finance minister Ishaq Dar has been regularly claiming two things: One, Pakistan won’t default on its external ...

Updated 12 Jun, 2023 07:08am

Two policemen shot dead at Sohrab Goth

KARACHI: Unidentified armed men shot dead two policemen in Sohrab Goth area on Sunday. According to police, the ...

Published 12 Jun, 2023 06:26am

Jahangir Tareen leaves for London

LAHORE: Senior politician Jahangir Tareen has left for London, days after launching Istehkam-e-Pakistan Party (IPP)....

Published 12 Jun, 2023 06:26am

Three soldiers martyred, 3 terrorists killed in Miran Shah

RAWALPINDI: The armed forces gunned down three terrorists while four others were injured in a gun battle in the...

Published 12 Jun, 2023 06:26am

Rana says IK to face legal action in two to three weeks

ISLAMABAD: Interior Minister Rana Sanaullah, who cited the May 9 events, said legal action could be initiated ...

Published 12 Jun, 2023 06:26am

Muqam says general elections will be in Oct

PESHAWAR: Advisor to PM on Political & Public Affairs, National Heritage and Provincial President PML-N Khyber...

Published 12 Jun, 2023 06:26am

At least 27 dead, 146 injured as rains lash southern KP

PESHAWAR: At least 27 people died and 146 others injured in gusty winds and rain-related incidents in Bannu, Karak,...

Published 12 Jun, 2023 06:26am

Ulema’s moot demands govt bring all May 9 rioters to justice

LAHORE: In a joint declaration, Pakistan Stability Ulema-Mashaykh Conference urged for the exposure of all those...

Published 12 Jun, 2023 06:26am

KP Education Dept announces summer vacations

PESHAWAR: Khyber Pakhtunkhwa Education Department Sunday decided to change the summer holidays from June 12 instead...

Published 12 Jun, 2023 06:26am

Renovation of Darbar of Bibi Pak Daman: CM reviews progress

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi presided over a meeting at CM Office in which progress on the...

Published 12 Jun, 2023 06:26am

Talks not possible with ‘people like Imran’: Marriyum

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb has said there is no room for the...

Published 12 Jun, 2023 06:26am

Cotton & Textile

Weekly Cotton Review: Spot rate rises as market witnesses bullish trend

KARACHI: A bullish trend in cotton prices was seen on cotton market and the spot rate was hiked by of Rs500 per...

Published 12 Jun, 2023 06:26am

Money & Banking

Dollar gains before Fed meeting, inflation data

NEW YORK: The dollar bounced off two-week lows on Friday as investors awaited inflation data and the Federal...

Published 12 Jun, 2023 06:26am

Taxes

Changes in FBR’s tax expenditure may affect provincial revenues

ISLAMABAD: The changes made in the cost of tax exemptions by the Federal Board of Revenue (FBR) may have an impact ...

Published 12 Jun, 2023 06:26am

Yellen says more US bank consolidation is possible

WASHINGTON: US Treasury Secretary Janet Yellen said Wednesday it would not be surprising to see further ...

Published 12 Jun, 2023 06:26am

S Africa skirts recession with surprise Q1 growth

JOHANNESBURG: South Africa’s economy grew slightly in the first three months of the year, confounding fears of a...

Published 12 Jun, 2023 06:26am

Inland Aquaculture Farming has huge export potential: Haider

LAHORE: Inland Aquaculture Farming (fish & shrimp farming) has a potential to earn more than US$ 2 billion per...

Published 12 Jun, 2023 06:26am

Workplace harassment

EDITORIAL: The issue is commonly misconstrued as the following details show. A woman, Nadia Naz, working with the...

Updated 12 Jun, 2023 06:49am

Court not to interfere in economic policy

EDITORIAL: Chief Justice Umar Ata Bandial while heading a three-judge bench hearing the Jamaat-i-Islami petition to...

Updated 12 Jun, 2023 06:51am

Comments on FY2023-24 Budget

The Finance Bill 2023 did not bring any substantial change in the tax policy as all major revenue measures are aimed...

Updated 12 Jun, 2023 06:46am

Industry

FSC to build a world class fish market at KFH

KARACHI: Administrator Fishermen’s Cooperative Society (FSC) Zahid Ibrahim Bhatti visited the wholesale fish...

Published 12 Jun, 2023 06:26am

18th Amendment has weakened federation financially, claims PBF

LAHORE: Pakistan Business Forum (PBF) says eighteenth amendment financially weakened the federation in the name of...

Published 12 Jun, 2023 06:26am

Furniture’s demand growing in Afghanistan, says Ashfaq

Industry

Says if the agreement delays further due to ‘any reason’, he will apprise the nation

Updated 12 Jun, 2023 09:19am

Amendments to barter trade mechanism quite possible, says Ansari

PESHAWAR: Member Customs Operation Federal Board of Revenue, Mukarram Jah Ansari has said that the newly introduced...

Published 12 Jun, 2023 06:26am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 25	280.52
USD PKR Interbank Buying / Mar 25	280.27
USD to Japanese Yen / Mar 25	150.54
USD to Swiss Franc / Mar 25	0.88
Pound Sterling to USD / Mar 25	1.29
Euro to USD / Mar 25	1.08
UK LIBOR % / Mar 24	4.96

Stock	Volume
S&P 500 / Mar 24	5,767.57
Nasdaq / Mar 24	18,188.59
Dow Jones / Mar 24	42,583.32
India Sensex / Mar 25	78,073.97
Tokyo Nikkei / Mar 25	37,780.54
Hang Seng / Mar 25	23,413.58
FTSE 100 / Mar 25	8,684.09
Germany DAX 30 / Mar 25	22,926.46
France CAC40 / Mar 25	8,073.56

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 24	17,085
Petrol/Litre / Mar 25	255.63
Crude Oil USD/Barrel / Mar 25	69.03
Gold 10 Grams PKR / Mar 25	272,462
Gold Spot USD/Ounce / Mar 25	3,017.31
Diesel/Litre / Mar 25	258.64
Cotton US¢/pound / Mar 25	65.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel Indus.(R) / Mar 25 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	2.01 ▲ 1 (99.01%)
Ruby Textile / Mar 25 Ruby Textile Mills Limited(RUBY)	7.01 ▲ 1 (16.64%)
Sec. Inv. Bank / Mar 25 Security Investment Bank Limited(SIBL)	8.99 ▲ 1 (12.52%)
Samba Bank / Mar 25 Samba Bank Limited(SBL)	9 ▲ 0.82 (10.02%)
Leiner Pak Gelat / Mar 25 Leiner Pak Gelatine Limited(LPGL)	100.73 ▲ 9.16 (10%)
Adamjee Life Assur. / Mar 25 Adamjee Life Assurance Company Limited(ALIFE)	25.73 ▲ 2.34 (10%)
United Dist. / Mar 25 United Distributors Pakistan Limited(UDPL)	67.29 ▲ 6.12 (10%)
Crescent Fib. / Mar 25 Crescent Fibres Limited(CFL)	45.70 ▲ 4.14 (9.96%)
Popular Islamic / Mar 25 Popular Islamic Modaraba(PIM)	13.19 ▲ 1.19 (9.92%)
Hussain Industries / Mar 25 Husein Industries Limited(HUSI)	27.30 ▲ 2.43 (9.77%)

Stock	Price
Parmount Sp. / Mar 25 Paramount Spinning Mills Limited(PASM)	3.51 ▼ -0.48 (-12.03%)
Shahtaj Sugar / Mar 25 Shahtaj Sugar Mills Limited(SHJS)	117 ▼ -13 (-10%)
Diamond Ind. / Mar 25 Diamond Industries Limited(DIIL)	27.68 ▼ -3.07 (-9.98%)
Zephyr Textile / Mar 25 Zephyr Textiles Limited(ZTL)	9.50 ▼ -1 (-9.52%)
TPL Life Insur. / Mar 25 TPL Life Insurance Limited(TPLL)	55.02 ▼ -5.74 (-9.45%)
Shahtaj Textile / Mar 25 Shahtaj Textile Limited(STJT)	65.05 ▼ -6.54 (-9.14%)
Sindh Abadgar / Mar 25 Sindh Abadgar's Sugar Mills Limited(SASML)	55 ▼ -5.43 (-8.99%)
Elahi Cot. / Mar 25 Elahi Cotton Mills Limited(ELCM)	138 ▼ -13.03 (-8.63%)
Tri-Star Power / Mar 25 Tri-Star Power Limited(TSPL)	7.24 ▼ -0.66 (-8.35%)
Shield Corp. / Mar 25 Shield Corporation Limited(SCL)	253.90 ▼ -22.98 (-8.3%)

Stock	Volume
Pak Elektron / Mar 25 Pak Elektron Limited(PAEL)	28,623,330 ▲ 0.63
TRG Pak Ltd / Mar 25 TRG Pakistan Limited(TRG)	22,742,574 ▼ -3.59
Cnergyico PK / Mar 25 Cnergyico PK Limited(CNERGY)	19,218,186 ▲ 0.01
Sui South Gas / Mar 25 Sui Southern Gas Company Limited(SSGC)	14,168,002 ▲ 0.18
WorldCall Telecom / Mar 25 Worldcall Telecom Limited(WTL)	11,877,825 ▼ -0.05
Pak Int.Bulk / Mar 25 Pakistan International Bulk Terminal(PIBTL)	11,187,536 ▲ 0.08
Pak Refinery / Mar 25 Pakistan Refinery Limited(PRL)	10,362,407 ▼ -0.12
B.O.Punjab / Mar 25 The Bank of Punjab(BOP)	10,164,053 ▼ -0.21
K-Electric Ltd. / Mar 25 K-Electric Limited(KEL)	10,144,462 ▲ 0
Treet Corp / Mar 25 Treet Corporation Limited(TREET)	8,893,519 ▼ -0.53

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