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

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

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

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

‘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

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

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

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

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

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

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

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

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

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

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

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

‘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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Automart: car prices in Karachi

Rates in the week ended Sunday June 11, 2023

Published 12 Jun, 2023 06:26am

PM still hopeful of successful IMF agreement

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

Updated 12 Jun, 2023 09:19am

PSDP spending: CM demands Centre put Sindh on a par with other provinces

KARACHI: Sindh Chief Minister Murad Ali Shah on Sunday urged the Federation to bring the province at par with other...

Updated 12 Jun, 2023 08:42am

First-ever crude-laden Russian ship arrives

KARACHI/ISLAMABAD: The first-ever Russian oil ship carrying over 45,000 metric tons of crude has arrived at Karachi...

Updated 12 Jun, 2023 08:41am

Tax expenditures constitute 36.43pc of FBR tax collection?

ISLAMABAD: The tax expenditures remained 36.43 percent of the total Federal Board of Revenue (FBR) tax collection in...

Updated 12 Jun, 2023 08:43am

KE may buy power from Turtonas-Uzghor projects

ISLAMABAD: K-Electric (KE) is likely to purchase 82.25-MW hydel electricity from Turtonas-Uzghor hydropower projects...

Updated 12 Jun, 2023 08:42am

CPEC hydropower project achieves hoisting of last rotor in Mansehra

BEIJING: The Suki Kinari Hydropower project in northwest Pakistan achieved the hoisting of a core component on...

Updated 12 Jun, 2023 08:43am

Sugar import: Cut in tax rates amongst reasons behind huge income tax exemptions cost

ISLAMABAD: The reduction in tax rates including withholding tax on the import of sugar is one of the reasons for...

Updated 12 Jun, 2023 08:43am

APTPMA chief hails budget

FAISALABAD: Federal budget 2023-24 is a ‘balanced budget’, nevertheless, there is enough room for improvement...

Published 12 Jun, 2023 06:26am

Industry

Furniture’s demand growing in Afghanistan, says Ashfaq

ISLAMABAD: Chief Executive Officer Pakistan Furniture Council Mian Kashif Ashfaq Sunday said that Pakistani ...

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

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

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

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

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

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

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

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

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

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

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 / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	155.74
USD to Swiss Franc / Jan 17	0.91
Pound Sterling to USD / Jan 17	1.22

Stock	Volume
S&P 500 / Jan 16	5,937.34
Nasdaq / Jan 16	19,338.29
Dow Jones / Jan 16	43,153.13
India Sensex / Jan 17	76,671.81
Tokyo Nikkei / Jan 17	38,451.46
Hang Seng / Jan 17	19,567.81
FTSE 100 / Jan 17	8,477.94
Germany DAX 30 / Jan 17	20,852.83

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 16	18,785
Gold 10 Grams PKR / Jan 16	241,941
Crude Oil USD/Barrel / Jan 17	79.09
Gold Spot USD/Ounce / Jan 17	2,713.02
Cotton US¢/pound / Jan 17	67.05
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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