News Archives for Print - 2023-07-10

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Print - 2023-07-10

Pakistani, Egyptian academia join hands to establish ‘Dairy Science Park Cairo’

PESHAWAR: The Academy for Scientific Research and Technology (ASRT) Egypt and Dairy Science Park (DSP) Peshawar have...

Published 10 Jul, 2023 08:03am

Industry

Peshawar’s business community hails direct flight to Kazakhstan

PESHAWAR: Business community welcomed the launching of a direct flight between Pakistan and Kazakhstan and hoped ...

Published 10 Jul, 2023 07:59am

Shri Hinglaj Mata mandir: ‘Yatri bus’ announced

KARACHI: Sindh Minority Affairs Department has announced to start a Yatri bus service for Shri Hinglaj Mata Yatra,...

Published 10 Jul, 2023 07:57am

CPEC projects: Direct investment worth $25.4bn attracted from China in 10 years

BEIJING: The projects under China-Pakistan Economic Corridor (CPEC) a flagship project of the Belt and Road...

Published 10 Jul, 2023 07:53am

Companies

Brookfield to buy annuities provider American Equity in $4.3bn deal

BENGALURU: Canadian investment firm Brookfield on Wednesday agreed to buy the remaining stake in American Equity...

Published 10 Jul, 2023 07:50am

Companies

Maruti Suzuki goes upmarket in India with new seven seater

NEW DELHI: Maruti Suzuki, India’s biggest automaker, is looking to break into the premium car segment with its new...

Published 10 Jul, 2023 07:46am

Companies

World Cup fever lifts Qatar Airways revenue to record high

DUBAI: Qatar Airways late on Wednesday reported a record annual revenue of 76.3 billion riyals ($21 billion),...

Published 10 Jul, 2023 07:45am

Companies

Bausch + Lomb expands eye-care portfolio with J&J’s Blink

BENGALURU: Bausch + Lomb acquired Johnson & Johnson’s eye and contact lens drops brand Blink for $106.5...

Published 10 Jul, 2023 07:42am

Israel, Saudi normalization a long way off, Biden says

WASHINGTON: Israel and Saudi Arabia are a long way from a normalization agreement that would involve a defence ...

Published 10 Jul, 2023 06:52am

Yellen sees ‘progress’ in rocky US-China ties

BEIJING: US Treasury Secretary Janet Yellen said 10 hours of meetings with senior Chinese officials in recent days...

Published 10 Jul, 2023 06:52am

US Democrats raise concerns on cluster bombs for Ukraine

WASHINGTON: Democratic US Senator Tim Kaine and Representative Barbara Lee raised concerns on Sunday over the...

Published 10 Jul, 2023 06:52am

Climate protesters tell Hamilton to drop fuel sponsor

SILVERSTONE, (United Kingdom): Climate activists Just Stop Oil on Sunday welcomed seven-time champion Lewis...

Published 10 Jul, 2023 06:52am

The Weather

KARACHI: The weather report on Sunday (July 09, 2023) and the forecast for Monday (July 10, 2023)....

Published 10 Jul, 2023 06:52am

Researchers, news seekers: Soon Valley becomes centre of attraction

ISLAMABAD: The unique patch of daunting mountains in the Salt Range of the Pothohar region of Pakistan, the Soon...

Published 10 Jul, 2023 06:52am

Homebridge collaborates with Akhuwat

ISLAMABAD: Home-bridge by Beaconhouse, Pakistan’s first Cambridge certified online A Level programme, has joined...

Published 10 Jul, 2023 06:52am

Middle East

UAE to set up investment ministry

DUBAI: The United Arab Emirates (UAE) will set up a new federal ministry of investment to develop the Gulf state’s...

Published 10 Jul, 2023 06:52am

AI robots tell UN conference they could run the world

GENEVA: A panel of AI-enabled humanoid robots took the microphone Friday at a United Nations conference with the...

Published 10 Jul, 2023 06:52am

Africa

UN warns Sudan faces ‘full-scale civil war’ as air raid kills 22

WAD MADANI (Sudan): Conflict-torn Sudan is on the brink of a “full-scale civil war” that could destabilise the...

Published 10 Jul, 2023 06:52am

Indirect taxes fuelling poverty: PDP

KARACHI: Opposing the idea of collecting radio license fee from the public through electricity bill, Pasban...

Published 10 Jul, 2023 06:52am

Governor opens Abdullah Shah Ghazi Urs

KARACHI: Sindh Governor Mohammed Kamran Khan Tessori inaugurated the 1293rd Urs of Sufi saint Hazrat Abdullah Shah...

Published 10 Jul, 2023 06:52am

JI demands cleaning of stormwater drains

KARACHI: Jamaat-e-Islami (JI) Karachi Amir Engr Hafiz Naeemur Rehman has demanded the mayor Karachi, Murtaza Wahab,...

Published 10 Jul, 2023 06:52am

Engro Cricket Coaching Project starts today

LAHORE: Six foreign coaches including three Test cricketers will be involved in the second year of the Engro Cricket...

Published 10 Jul, 2023 06:52am

Electric buses: Sharjeel says chargers have arrived

KARACHI: Minister of Information, Transport, and Mass Transit of Sindh, Sharjeel Inam Memon, along with Special...

Published 10 Jul, 2023 06:52am

IK accused of advancing ‘anti-state’ agenda through overseas ‘proxies’

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb on Sunday castigated the Pakistan...

Published 10 Jul, 2023 06:52am

ANP for accountability of elements involved in ‘imposition of IK’

PESHAWAR: Senior Vice President ANP, Ameer Haider Khan Hoti has called for holding all those elements who were...

Published 10 Jul, 2023 06:52am

SACM orders provision of basic facilities to prisoners

PESHAWAR: Special Assistant to Caretaker Chief Minister Khyber Pakhtunkhwa for Prison Hidayat Uallah Khan Afridi...

Published 10 Jul, 2023 06:52am

Shandur Polo Festival under way in Chitral

PESHAWAR: The three-day Shandur Polo Festival continued for the second day amid joy and jubilation, with a large...

Published 10 Jul, 2023 06:52am

Governor, President discuss Sindh govt uplift projects

KARACHI: Sindh Governor Mohammed Kamran Khan Tessori called on the President Dr. Arif Alvi at his residence here on...

Published 10 Jul, 2023 06:52am

Balochistan’s Green Line bus service to begin operations on 17th

QUETTA: The Green Line bus service in provincial capital and some other towns of Balochistan finally appears close ...

Published 10 Jul, 2023 06:52am

Photo Journalists’ panel wins PAPP elections

KARACHI: Photo Journalists’ Panel clean swept the Pakistan Association of Press Photographers (PAPP) Annual...

Published 10 Jul, 2023 06:52am

Three killed as oil tanker catches fire

MAKRAN: In a tragic incident, a truck carrying diesel turned upside down on Makran Coastal Highway on Sunday, ...

Published 10 Jul, 2023 06:52am

PM’s coordinator Kiyani steps up criticism of PTI

LAHORE: Prime Minister’s Coordinator for Economy and Energy Bilal Azhar Kiyani said on Sunday that PTI government...

Published 10 Jul, 2023 06:52am

‘Women’s skills camp’ First phase concludes at NCA

LAHORE: The first phase of the women’s skills camp concluded at the National Cricket Academy, here Sunday in which...

Published 10 Jul, 2023 06:52am

NDMA chairman discusses disaster management cooperation with Swiss FM

ISLAMABAD: Chairman National Disaster Management Authority (NDMA), Lieutenant General Inam Haider Malik on Sunday...

Published 10 Jul, 2023 06:52am

PTI condemns Ahsan for making ‘absurd’ statement regarding China

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Central Information Secretary Raoof Hasan lashed out at Ahsan Iqbal, over...

Published 10 Jul, 2023 06:52am

President directs State Life to improve policy on pre-insurance medical tests

ISLAMABAD: President Dr Arif Alvi has directed the State Life Insurance Corporation of Pakistan (SLCIP) to improve...

Published 10 Jul, 2023 06:52am

PM pays tribute to Fatima Jinnah

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Sunday paid tribute to Madr-e-Millat Mohtarma Fatima Jinnah on...

Published 10 Jul, 2023 06:52am

Sherpao says IMF deal to help stabilise economy

PESHAWAR: Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao welcomed the IMF agreement reached recently and...

Published 10 Jul, 2023 06:52am

PAF cinema at Lahore Cantt closed down

LAHORE: The administration on Sunday announced closing the PAF cinema located in the Lahore Cantt area and ...

Published 10 Jul, 2023 06:52am

Global moot on tourism to begin tomorrow

ISLAMABAD: The Prime Minister’s Task Force on Gandhara Tourism will organize an international conference here on...

Published 10 Jul, 2023 06:52am

Europe

Russia shoots down missiles over Crimea and regions bordering Ukraine

MOSCOW: Russian air defence systems shot down four missiles on Sunday, Russian officials said, one over the annexed...

Published 10 Jul, 2023 06:52am

Asia

N Korea slams IAEA for Fukushima water approval

SEOUL: North Korea on Sunday slammed the United Nations’ nuclear watchdog for approving Japan’s plan to ...

Published 10 Jul, 2023 06:52am

BBC suspends staff member after explicit images claims

LONDON: The BBC said Sunday it suspended a male member of staff following allegations that one of its presenters ...

Published 10 Jul, 2023 06:52am

Uzbekistan president set to cement rule as voting ends

TASHKENT: Uzbekistan held a presidential election on Sunday that looked set to hand incumbent Shavkat Mirziyoyev a...

Published 10 Jul, 2023 06:52am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday July 09, 2023

Published 10 Jul, 2023 06:52am

Energy

TotalEnergies CEO says COP28 chief can press oil nations on climate

PARIS: The head of French firm TotalEnergies says national oil giants from the Gulf and other nations must pull ...

Published 10 Jul, 2023 06:52am

Energy

Oil giants drill deep as profits trump climate concerns

LONDON: Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they...

Published 10 Jul, 2023 06:52am

Stocks

Wall Street Week Ahead: As earnings loom, investors weigh recession resilience

NEW YORK: As second-quarter earnings approach, investors are looking at beaten-down sectors which might gain ground...

Published 10 Jul, 2023 06:52am

Stocks

Wall Street gains as slowing job growth eases Fed fears

NEW YORK: Wall Street’s main indexes rose on Friday after monthly US jobs growth came in weaker than expected,...

Published 10 Jul, 2023 06:52am

Stocks

India’s Nifty snaps eight-day win streak on Fed concerns

BENGALURU: India’s blue-chip Nifty 50 index fell for the first time in nine sessions on Friday, succumbing to the...

Published 10 Jul, 2023 06:52am

Energy

Oil prices up 3pc to 9-week high on supply concerns

NEW YORK: Oil prices climbed about 3pc to a nine-week high on Friday as supply concerns and technical buying...

Published 10 Jul, 2023 06:52am

Commodities

Copper prices rise as dollar falls after US jobs data

LONDON: Copper prices rose on Friday, recovering from three sessions of falls, as the dollar weakened after US...

Published 10 Jul, 2023 06:52am

Stocks

European shares end higher after worst week in four months

PARIS: European shares eked out gains on Friday as data pointing to slowing US job growth eased concerns about...

Published 10 Jul, 2023 06:52am

Stocks

China, HK stocks fall as Sino-US relations in focus

SHANGHAI: China stocks ended lower on Friday, dragged down by computer and semiconductor companies, as cautious...

Published 10 Jul, 2023 06:52am

Energy

India refiners start yuan payments for Russian oil imports

NEW DELHI: Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct...

Published 10 Jul, 2023 06:52am

Energy

UK warns energy firms against exploiting high prices

LONDON: British regulators Tuesday warned energy companies against exploiting elevated prices and told financial...

Published 10 Jul, 2023 06:52am

Retrospective tax on windfall income discourages corporatization—II

Whereas, if we compare the Indian windfall tax/duty to the Pakistani windfall tax, it is clear that Section 99D is...

Published 10 Jul, 2023 06:52am

‘Special Investment Facilitation Council’ – the way forward—I

There is a dire need for a big rethink for the State of Pakistan to attract sustainable foreign direct investment...

Published 10 Jul, 2023 06:52am

Letters

‘Return of East India Company…’

Pakistan People’s Party (PPP) Senator Rashid Rabbani seems to have responded to International Monetary Fund’s...

Published 10 Jul, 2023 06:52am

Cotton & Textile

Weekly Cotton Review: Rates rise: PCGA demands govt prepare ‘clear’ price strategy

KARACHI: Cotton prices witnessed rise after some volatility. Due to undue pressure from government sources to buy...

Published 10 Jul, 2023 06:52am

Commodities

Prices of kitchen items rise slightly

PESHAWAR: A nominal increase in prices of important kitchen items was witnessed in the local market, said in a ...

Published 10 Jul, 2023 06:52am

‘Revolutionary’ steps taken to promote country’s image: Marriyum

LAHORE: Minister for Information and Broadcasting Marriyum Aurangzeb said on Sunday that revolutionary steps were...

Published 10 Jul, 2023 06:52am

IK reacts to PM’s statement

ISLAMABAD: Reacting to the statement of the prime minister, Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said...

Published 10 Jul, 2023 06:52am

Desecration of Quran: Ashrafi demands global legislation against blasphemy

LAHORE: Special Representative to the Prime Minister on Interfaith Harmony and Middle East Maulana Hafiz Muhammad...

Published 10 Jul, 2023 06:52am

Five killed in Jhelum gas cylinder blast

JHELUM: A devastating cylinder blast ripped through a three-story hotel located on GT Road in Jhelum, causing the...

Published 10 Jul, 2023 06:52am

Faisalabad: entry of 53 Ulema/Zakireen banned

FAISALABAD: Deputy Anan Qamar has banned the entry of 53 firebrand and fierce speakers/zakireen besides prohibiting...

Published 10 Jul, 2023 06:52am

TERF: We’re always on home turf when it comes to criticism!

TERF (temporary economic refinance facility) was a hot topic last week. The scheme was offered at the time of Covid...

Updated 10 Jul, 2023 07:32am

Call a spade a spade

The refrain from the Prime Minister’s office prior to 23 June 2023 that all International Monetary Fund (IMF)...

Updated 10 Jul, 2023 07:31am

Rates

PKR registers 2.91pc gain

KARACHI: The rupee registered a substantial 2.91% gain against the US dollar during the previous week as ...

Published 10 Jul, 2023 06:52am

Trade with China crosses ‘psychological barrier’ of $20bn: FPCCI

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

Updated 10 Jul, 2023 09:00am

Fazl irked by Nawaz-Zardari meeting in Dubai

PESHAWAR: Pakistan Democratic Movement (PDM) President Maulana Fazlur Rehman has expressed displeasure over the...

Updated 10 Jul, 2023 08:51am

BRICS summit to be ‘physical’ despite Putin warrant: S Africa

JOHANNESBURG: South African President Cyril Ramaphosa said Sunday that next month’s BRICS summit, which Vladimir...

Updated 10 Jul, 2023 08:49am

Pharmaceutical sector granted major tax relief

ISLAMABAD: The government has provided major tax relief to the pharmaceutical sector by allowing the reduced rate of...

Updated 10 Jul, 2023 08:51am

‘China advising against experiments’: Ahsan says his statement ‘taken out of context’

ISLAMABAD: Planning Minister Ahsan Iqbal on Sunday said his recent statement in which he appeared to say that China...

Updated 10 Jul, 2023 08:59am

Rates

Futures spread surges by 811bps

KARACHI: The futures spread increased by 811bps to 19.23 percent on the last day of the outgoing week. Trading...

Published 10 Jul, 2023 06:52am

Rates

PSX witnesses bullish trend

KARACHI: Pakistan Stock Exchange witnessed a bullish trend during first week after Eid holidays as the...

Published 10 Jul, 2023 06:52am

Sino-Pak cooperation: JCC meeting to explore new avenues

BEIJING: The Special Commemorative 12th Joint Coordination Committee (JCC) meeting of the China-Pakistan Economic...

Published 10 Jul, 2023 06:52am

Money & Banking

BoE initiative of SBP: BoP says it’s ‘number one bank with highest score and green rating’

LAHORE: BOP is delighted to announce its remarkable achievement as the number one bank with the highest score and...

Published 10 Jul, 2023 06:52am

Companies

GM says it could face compliance challenges under new emissions rules

WASHINGTON: General Motors said on Wednesday it could face compliance challenges under the Environmental Protection...

Published 10 Jul, 2023 06:52am

Companies

India’s Reliance Jio to launch $12 internet-enabled phones

BENGALURU: Reliance Jio said on Monday it would launch a 4G feature phone priced at 999 rupees ($12.19), the latest...

Published 10 Jul, 2023 06:52am

Companies

HSBC chases wealthy clients in India with private bank launch

LONDON: HSBC said on Tuesday it would target business with India’s wealthy as it launched its global private...

Published 10 Jul, 2023 06:52am

Companies

Tesla offers cash rebate on top models in China

BEIJING: Tesla on Friday said it would offer new buyers of its top-selling electric vehicles in China a cash bonus...

Published 10 Jul, 2023 06:52am

Money & Banking

Dollar slips as US job growth slows in June

NEW YORK: The dollar slumped on Friday after signs of a less resilient US labor market reduced the outlook for how...

Published 10 Jul, 2023 06:52am

New Zealand signs ‘ambitious’ trade deal with EU

BRUSSELS: The European Union and New Zealand on Sunday signed a free trade agreement which Brussels says can lift...

Published 10 Jul, 2023 06:52am

Business leaders left in limbo by rate hike impact lag

AIX-EN-PROVENCE (France): An unusually long lag in the time interest rate hikes are taking to feed through to the...

Published 10 Jul, 2023 06:52am

Companies

Virgin Atlantic ends flight operation for Pakistan

KARACHI: A British airline, Crawley-based Virgin Atlantic has completely closed its flight operation in Pakistan and...

Published 10 Jul, 2023 06:52am

Pakistani consumers pay highest energy tax: expert

KARACHI: The hike in energy rates is the biggest issue of our economy, as we are the highest tax paying energy...

Published 10 Jul, 2023 06:52am

Industry

Business community urges govt to ensure safety, security

PESHAWAR: Industrialists urged the federal and provincial governments, chief minister, Governor Khyber Pakhtunkhwa,...

Published 10 Jul, 2023 06:52am

Industry

Railways inflicts huge loss on national exchequer

ISLAMABAD: Pakistan Railways trains have adversely failed to follow the schedule time causing millions of rupees ...

Published 10 Jul, 2023 06:52am

Taxes

Issuance of notice: IRO penalized for failing to observe due diligence

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a penalty to stop six months “performance pay...

Published 10 Jul, 2023 06:52am

Industry

Rehab, maintenance: Printing Press Peshawar to get interest-free loan

PESHAWAR: In order to make on time financial arrangements for the essential repair and rehabilitation work of...

Published 10 Jul, 2023 06:52am

Minister, Afghan CG agree to further enhance bilateral trade

Industry

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	281.78
USD PKR Interbank Buying / May 14	281.68
USD to Japanese Yen / May 14	147.13
USD to Swiss Franc / May 14	0.84
Pound Sterling to USD / May 14	1.33
Euro to USD / May 14	1.12
UK LIBOR % / May 13	4.96

Stock	Volume
S&P 500 / May 13	5,886.55
Nasdaq / May 13	19,010.09
Dow Jones / May 13	42,140.43
India Sensex / May 14	81,497.76
Tokyo Nikkei / May 14	38,113.18
Hang Seng / May 14	23,504.69
FTSE 100 / May 14	8,607.88
Germany DAX 30 / May 14	23,613.03
France CAC40 / May 14	7,846.03

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	16,985
Gold 10 Grams PKR / May 13	295,096
Cotton US¢/pound / May 13	66.61
Petrol/Litre / May 14	252.63
Crude Oil USD/Barrel / May 14	63.39
Gold Spot USD/Ounce / May 14	3,234.38
Diesel/Litre / May 14	256.64

Gainers
Losers
Leaders

Stock	Price
B. F. Mod. / May 14 B.F. Modaraba(BFMOD)	9.34 ▲ 1 (11.99%)
Al-Shaheer Corp / May 14 Al Shaheer Corporation Limited(ASC)	7.66 ▲ 0.78 (11.34%)
Tariq Corp.Pref. / May 14 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.99 ▲ 0.88 (10.85%)
S.G.Power / May 14 S.G. Power Limited(SGPL)	7.73 ▲ 0.73 (10.43%)
AN Textile Mill / May 14 AN Textile Mills Limited(ANTM)	10.79 ▲ 1 (10.21%)
Hala Enterprise / May 14 Hala Enterprises Limited(HAEL)	12.05 ▲ 1.1 (10.05%)
Power Cem(Pref) / May 14 Power Cement (Pref)(POWERPS)	16.89 ▲ 1.54 (10.03%)
Dewan Motors / May 14 Dewan Farooque Motors Limited(DFML)	36.03 ▲ 3.28 (10.02%)
Bunnys Limited / May 14 Bunnys Limited(BNL)	28.01 ▲ 2.55 (10.02%)
Nimir Resins / May 14 Nimir Resins Limited(NRSL)	35.95 ▲ 3.27 (10.01%)

Stock	Price
Dewan Mushtaq / May 14 Dewan Mushtaq Textile Mills Limited(DMTM)	8.81 ▼ -0.99 (-10.1%)
Aisha Steel(ConPS) / May 14 Aisha Steel(ConPS)(ASLPS)	13.50 ▼ -1.5 (-10%)
TPL Trakker Ltd / May 14 TPL Trakker Limited(TPLT)	6 ▼ -0.59 (-8.95%)
Jauharabad Sug / May 14 Jauharabad Sugar Mills Limited(JSML)	41.23 ▼ -3.97 (-8.78%)
Kohinoor Mills / May 14 Kohinoor Mills Limited(KML)	29.14 ▼ -2.78 (-8.71%)
Shahtaj Textile / May 14 Shahtaj Textile Limited(STJT)	63.95 ▼ -6.05 (-8.64%)
Calcorp Ltd / May 14 Calcorp Limited(CASH)	38.52 ▼ -2.74 (-6.64%)
F.Credit & Inv / May 14 First Credit and Investment Bank Limited(FCIBL)	7.46 ▼ -0.53 (-6.63%)
First Elite Cap.Mod / May 14 First Elite Capital Modaraba(FECM)	18.74 ▼ -1.26 (-6.3%)
EMCO Industries / May 14 Emco Industries Limited(EMCO)	39.21 ▼ -2.57 (-6.15%)

Stock	Volume
At-Tahur Ltd. / May 14 At-Tahur Limited(PREMA)	35,811,302 ▲ 3.72
Fauji Cement / May 14 Fauji Cement Company Limited(FCCL)	32,372,381 ▲ 0.18
Sui South Gas / May 14 Sui Southern Gas Company Limited(SSGC)	23,738,974 ▲ 2.31
D.G.K.Cement / May 14 D.G. Khan Cement Company Limited(DGKC)	17,072,612 ▼ -2.64
Power Cement / May 14 Power Cement Limited(POWER)	16,860,815 ▼ -0.03
WorldCall Telecom / May 14 Worldcall Telecom Limited(WTL)	15,403,546 ▲ 0
B.O.Punjab / May 14 The Bank of Punjab(BOP)	13,281,947 ▼ -0.06
Al-Shaheer Corp / May 14 Al Shaheer Corporation Limited(ASC)	12,245,618 ▲ 0.78
Maple Leaf Cement / May 14 Maple Leaf Cement Factory Limited(MLCF)	11,413,030 ▼ -0.37
Pak Refinery / May 14 Pakistan Refinery Limited(PRL)	11,110,093 ▲ 0.45

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