News Archives for Print - 2023-07-24

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Print - 2023-07-24

An interview with Ejaz Ali Shah, Managing Director PMEX

‘PMEX has completely turned around to a profitable exchange’ Question: Congratulations on the remarkable...

Published 24 Jul, 2023 10:20am

Embezzlement of funds: Registrar says ex-management of MUECHS found guilty

HYDERABAD: Registrar Cooperative Department Muhammad Hussain Baloch has said that after due process and thorough...

Published 24 Jul, 2023 07:24am

Another teenager drowns off Hawkesbay beach

KARACHI: Another teenage boy drowned while swimming at Karachi’s Hawkes Bay beach on Sunday, rescue officials ...

Published 24 Jul, 2023 07:19am

FIA arrests ‘passenger’ at airport

KARACHI: The Federal Investigation Agency (FIA) Immigration on Sunday arrested a passenger who travelled to Pakistan...

Published 24 Jul, 2023 07:15am

Elections should be held on the basis of recent census: PDP

KARACHI: The coming general elections should be ideally held on the basis of recent population census after ...

Published 24 Jul, 2023 07:13am

Sindh announces arrival of new ‘Red buses’ in Karachi

KARACHI: In a bid to improve the public transportation system and provide much-needed convenience to the residents ...

Published 24 Jul, 2023 07:11am

Quetta Road blocked due to landslide

QUETTA: Quetta Road, the inter-provincial highway connecting Balochistan to Punjab in the Rakhi Gaj tribal area of...

Published 24 Jul, 2023 07:10am

Mayor chairs meeting to review Muharram arrangements

KARACHI: Mayor Karachi Barrister Murtaza Wahab has said that during Muharram, people of every school of thought...

Published 24 Jul, 2023 07:01am

Rains: JI assails Sindh govt over ‘lack’ of preparations

KARACHI: Jamaat-e-Islami (JI) Karachi chapter Amir Engr Hafiz Naeemur Rehman has said that the ongoing rain spell in...

Published 24 Jul, 2023 07:00am

Lahore PHA implements refund policy over Ombudsman’s involvement

LAHORE: Following the directives of the Ombudsman Punjab Maj Azam Suleman Khan (retd), the Parks and Horticulture...

Published 24 Jul, 2023 06:58am

PSDF, PARCO sign MoU to provide technical training

LAHORE: Punjab Skill Development Fund (PSDF) and Pak-Arab Refinery Company Ltd (PARCO) have signed MoU under which...

Published 24 Jul, 2023 06:56am

Russia and China end military exercises in Sea of Japan

MOSCOW: Russia and China have ended their joint naval exercises in the Sea of Japan, the Russian defence ministry...

Published 24 Jul, 2023 06:11am

Europe

Italy PM builds alliance to tackle illegal migration

ROME: Nations from the Mediterranean, Middle East and Africa agreed steps on Sunday to try to slow unauthorised...

Published 24 Jul, 2023 06:11am

IK harmed Pakistan-China relationship, says PM

ISLAMABAD: Prime Minister Shehbaz Sharif Sunday said Imran Niazi was responsible for current economic difficulties ...

Published 24 Jul, 2023 06:11am

IK’s nomination in lawyer’s murder case: First SC bench restored

QUETTA: The first bench, which was formed by the Supreme Court (SC) to hear the Pakistan Tehreek-e-Insaf (PTI)...

Published 24 Jul, 2023 06:11am

Rains: PIMS to remain on high alert

ISLAMABAD: Pakistan Institute of Medical Sciences (PIMS) on Sunday directed its staff to remain on high alert to...

Published 24 Jul, 2023 06:11am

CM felicitates Hamza

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi has congratulated Hamza Khan on winning the World Junior Squash...

Published 24 Jul, 2023 06:11am

Outsourcing airports: UAE, Qatar, Turkey, China, KSA show interest

ISLAMABAD: The United Arab Emirates (UAE), Qatar, Turkey, China and Kingdom of Saudi Arabia have expressed special...

Published 24 Jul, 2023 06:11am

‘Young bureaucrats’ urged to take bold decisions

FAISALABAD: Young and dynamic bureaucrats must make policy decisions with open heart and mind without any influence,...

Published 24 Jul, 2023 06:11am

US-funded English-proficiency programme concludes

PESHAWAR: A six-month “The English Works! Program” funded by Public Affairs Section of US Embassy in Pakistan...

Published 24 Jul, 2023 06:11am

Post-mortem report: No torture marks found on DIG Shariq Jamal’s body

LAHORE: The initial post-mortem report of the late Lahore Deputy Inspector General (DIG) of Police Shariq Jamal has...

Published 24 Jul, 2023 06:11am

South Asia

Death toll in Afghanistan flash floods jumps to 26

KABUL: The death toll from overnight flash floods caused by torrential rain in central Afghanistan has risen to 26,...

Published 24 Jul, 2023 06:11am

Pope urges world leaders to do more to tackle climate change

VATICAN CITY: Pope Francis said on Sunday that recent heat waves across many parts of the world and flooding in...

Published 24 Jul, 2023 06:11am

Middle East

Iran bans film festival over poster of actress without hijab

TEHRAN: Iranian authorities have banned a film festival that put out a publicity poster featuring an actress who was...

Published 24 Jul, 2023 06:11am

Middle East

Netanyahu in hospital as Israeli judicial crisis flares

OCCUPIED JERUSALEM: Israel’s Prime Minister Benjamin Netanyahu was in hospital after being fitted with a pacemaker...

Published 24 Jul, 2023 06:11am

Asia

Top Chinese diplomat proposes talks with Japan, South Korea

TOKYO: Top Chinese diplomat Wang Yi proposed high-level talks between China, Japan and South Korea in a meeting with...

Published 24 Jul, 2023 06:11am

Europe

Putin claims Ukrainian counteroffensive ‘failed’

MOSCOW: Russian President Vladimir Putin said Sunday that Kyiv’s counteroffensive had “failed”, as he began...

Published 24 Jul, 2023 06:11am

Europe

Tourists flee wildfire on Greek island of Rhodes, flights cancelled

ATHENS: Thousands of tourists and residents fleeing a wildfire on Rhodes huddled in schools and shelters on Sunday,...

Published 24 Jul, 2023 06:11am

Mbappe’s omission from PSG tour fuels Madrid move speculation

TOKYO: Paris Saint-Germain have left Kylian Mbappe out of their squad for a pre-season tour of Japan and South ...

Published 24 Jul, 2023 06:11am

Pakistan thrash India by 128 runs to win Emerging Asia Cup

COLOMBO: Pakistan Shaheens thrashed India A by 128 runs to win the Emerging Asia Cup in Colombo, as the Indian side...

Published 24 Jul, 2023 06:11am

Sri Lanka to push ‘harder’ in Pakistan Test

COLOMBO: Sri Lanka coach Chris Silverwood believes his team will “come out fighting” to level the two-match...

Published 24 Jul, 2023 06:11am

Commonwealth Games in limbo as Australian state pulls out as 2026 host

MELBOURNE: The Australian state of Victoria pulled out of hosting the 2026 Commonwealth Games on Tuesday citing ...

Published 24 Jul, 2023 06:11am

Australia retain Ashes after fourth Test washout

MANCHESTER: Australia have retained the Ashes after the fourth Test against England at Old Trafford ended in a...

Published 24 Jul, 2023 06:11am

India women’s captain slams umpires after BD tie

DHAKA: India women’s cricket captain Harmanpreet Kaur took an unprecedented swipe at the umpires after her team...

Published 24 Jul, 2023 06:11am

Newcastle sign England winger Barnes from Leicester

LONDON: Newcastle signed England winger Harvey Barnes from Leicester in a deal worth a reported £38 million ($48...

Published 24 Jul, 2023 06:11am

Badminton: Antonsen breaks title drought with Korea Open win

SEOUL: Denmark’s Anders Antonsen clinched his first title in more than two years after defeating Loh Kean Yew of...

Published 24 Jul, 2023 06:11am

Five-wicket Siraj slices through West Indies

PORT OF SPAIN: Mohammed Siraj scythed through the West Indies lower order, completing a five-wicket haul as the home...

Published 24 Jul, 2023 06:11am

Rublev sweeps past Ruud to win Bastad title

BASTAD, (Sweden): Russian Andrey Rublev on Sunday won his second title of the season at Bastad with a straight sets...

Published 24 Jul, 2023 06:11am

The Weather

KARACHI: The weather report on Sunday (July 23, 2023) and the forecast for Monday (July 24, 2023)....

Published 24 Jul, 2023 06:11am

Rates

PSX witnesses bullish trend

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on July 21, 2023 on the back...

Published 24 Jul, 2023 06:11am

Rates

Futures spread surges 490bps

KARACHI: The futures spread increased by 490bps to 19.33 percent to 19.33 percent on the last day of the outgoing...

Published 24 Jul, 2023 06:11am

Turkiye’s role in securing grain deal commendable: Bilawal

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari has expressed his resolve to work with Turkiye and other Islamic...

Published 24 Jul, 2023 06:11am

Rates

PKR undergoes significant depreciation

KARACHI: The rupee underwent significant depreciation during the previous week, falling 3.2% to settle at 286.81...

Published 24 Jul, 2023 06:11am

The indictment of monetary policy

The Stand-By Arrangement (SBA) documents uploaded on the International Monetary Fund (IMF) website this Tuesday ...

Published 24 Jul, 2023 06:11am

Elephant in the room

To understand strategy in a simple manner three questions are quite helpful. When deciding on a course of action ask...

Published 24 Jul, 2023 06:11am

Letters

PM goes on the election trail

Prime minister Shehbaz Sharif seems to have embarked on an election campaign much before the announcement of ...

Published 24 Jul, 2023 06:11am

Commodities

Prices of essential food items increase slightly

PESHAWAR: A nominal increase in prices of essential food items including sugar, cooking oil/ghee, flour, vegetables,...

Published 24 Jul, 2023 06:11am

Ahsan honoured with Lifetime Achievement Award

LAHORE: Federal Minister for Planning and Development Ahsan Iqbal was awarded the prestigious “Lifetime ...

Published 24 Jul, 2023 06:11am

Election Act set to be amended to empower caretaker govt: Dar

KARACHI: Finance Minister Ishaq Dar has all but confirmed that the Election Act 2017 is set to be amended in order ...

Published 24 Jul, 2023 06:11am

International moot to mark ‘CPEC decade’ today

ISLAMABAD: A two–day International Conference on “Decade of China Pakistan Economic Corridor (CPEC) and Belt...

Published 24 Jul, 2023 06:11am

IPP to formulate long-term policies: Aleem

LAHORE: President Istehkam-e-Pakistan Party Abdul Aleem Khan has said that our basic aim is not only to participate...

Published 24 Jul, 2023 06:11am

FFC issues report

ISLAMABAD: The Federal Flood Commission (FFC) on Sunday said that rivers Indus, Chenab, Ravi and Kabul are flowing ...

Published 24 Jul, 2023 06:11am

Nullah Lai: Drone cameras being used to monitor flow of water

RAWALPINDI: Advisor to Chief Minister Punjab, Kunwar Dilshad along with Provincial Minister for Primary and ...

Published 24 Jul, 2023 06:11am

Fazl urges Muslim world to recall ambassadors from Sweden

KARACHI: Jamiat Ulema-e-Islam (Fazl) chairman Maulana Fazlur Rehman urged the Muslim World to recall ambassadors ...

Published 24 Jul, 2023 06:11am

PM expresses grief

ISLAMABAD: Prime Minister Shehbaz Sharif has expressed deep grief over the death of a senior member of the royal...

Published 24 Jul, 2023 06:11am

Maryam returns home

LAHORE: Pakistan Muslim League-Nawaz (PML-N) Senior Vice President and Chief Organiser Maryam Nawaz arrived back in...

Published 24 Jul, 2023 06:11am

AJK PM urges world to address Indian belligerence

MIRPUR (AJK): Azad Jammu and Kashmir Prime Minister Chaudhry Anwar ul Haq expressed deep concerns on Sunday over the...

Published 24 Jul, 2023 06:11am

AIC raises questions about ‘Pakistan Draft Data Protection Bill 2023’

ISLAMABAD: The Asia Internet Coalition (AIC) comprising global digital media giants raised several questions on...

Published 24 Jul, 2023 06:11am

French envoy meets CM

LAHORE: Ambassador of France Nicolas Galey met with the Caretaker Chief Minister Punjab Mohsin Naqvi at CM Office in...

Published 24 Jul, 2023 06:11am

CDA cancels staff’s leaves

ISLAMABAD: To deal with any emergency situation in the Federal Capital during the monsoon rains, Capital Development...

Published 24 Jul, 2023 06:11am

Bahawalpur: SMBR reviews Muharram arrangements

LAHORE: Senior Member Board of Revenue Nabeel Javaid, accompanied by Deputy Commissioner Bahawalpur Zaheer Anwar...

Published 24 Jul, 2023 06:11am

E-cigarettes can help people quit smoking easily: experts

ISLAMABAD: Experts suggested that the e-cigarettes are effective in helping people to stop smoking, as they are less...

Published 24 Jul, 2023 06:11am

Energy

Pesco CEO holds ‘Facebook live kutchery’

PESHAWAR: In order to listen public grievances and complaints, Peshawar Electric Supply Company (Pesco) Chief...

Published 24 Jul, 2023 06:11am

Cotton & Textile

Weekly Cotton Review: Rate increased by Rs600/maund

KARACHI: Appreciation of dollar, limited supply of cotton, boom in domestic cotton influenced by boom in...

Published 24 Jul, 2023 06:11am

Stocks

US stocks end mixed as heavyweights dip

NEW YORK: US stocks ended mixed on Friday, with gains in healthcare offsetting a dip in some of Wall Street’s most...

Published 24 Jul, 2023 06:11am

Stocks

European shares end second week higher

PARIS: European shares rose on Friday to end the week higher, while German stocks lagged as SAP’s bleak revenue...

Published 24 Jul, 2023 06:11am

Stocks

China shares flat as support for auto fails to lift sentiment

SHANGHAI: China stocks closed flat on Friday as new measures aimed to help the auto and electronics sectors failed ...

Published 24 Jul, 2023 06:11am

Stocks

IT slide drags Indian shares down

BENGALURU: Indian shares declined on Friday to snap a six-day winning streak, dragged by information technology (IT)...

Published 24 Jul, 2023 06:11am

Commodities

Copper eases on disappointment on Chinese stimulus

LONDON: Copper and most industrial metal prices traded lower on Friday after investors were disappointed with modest...

Published 24 Jul, 2023 06:11am

Energy

Oil rallies higher for fourth straight week

BENGALURU: Oil prices rose more than a dollar per barrel on Friday, buoyed by growing evidence of supply shortages ...

Published 24 Jul, 2023 06:11am

Commodities

Gold slips as dollar firms, focus on US Fed

NEW YORK: Gold fell on Friday, moving further away from a two-month peak hit in the last session, due to a stronger...

Published 24 Jul, 2023 06:11am

Commodities

Palm oil eases, but logs fourth weekly rise

KUALA LUMPUR: Malaysian palm oil futures ended lower on Friday due to profit-taking, but clocked a fourth weekly ...

Published 24 Jul, 2023 06:11am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday July 23, 2023

Published 24 Jul, 2023 06:11am

SBA provides a breathing space: US

Pakistan should continue to work with the IMF, says US Principal Deputy Assistant Secretary of State for South and Central Asia

Updated 24 Jul, 2023 09:51am

New GSP scheme’s fate hangs in the balance

EU Parliament and European Council have strong arguments against each other’s viewpoint due to which things are not moving

Updated 24 Jul, 2023 01:53pm

PM vows to eliminate economic woes

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday reiterated the resolve by promising the people to eradicate...

Updated 24 Jul, 2023 08:51am

PM urges people to avenge 2018 ‘poll rigging’

FAISALABAD: Prime Minister Shehbaz Sharif on Sunday urged the people to avenge the rigging of the 2018 general...

Updated 24 Jul, 2023 09:45am

Caretaker setup: PPP asks PML-N to take allies on board

ISLAMABAD: Pakistan Peoples Party senior leader and Secretary General Nayyar Hussain Bukhari Sunday advised Pakistan...

Updated 24 Jul, 2023 09:28am

Five export-oriented sectors: SNGPL directed to supply gas/RLNG without any subsidy

ISLAMABAD: Ministry of Energy (Petroleum Division) has directed Sui Northern Gas Pipeline Limited (SNGPL) to supply...

Updated 24 Jul, 2023 09:03am

Bifurcation of PESCO into two Discos approved

ISLAMABAD: Prime Minister Shehbaz Sharif has approved bifurcation of Peshawar Electric Supply Company (PESCO) into...

Updated 24 Jul, 2023 09:32am

Tax on immovable properties: FBR urged to give taxpayers online declaration option

ISLAMABAD: The Federal Board of Revenue (FBR) should introduce an option for the taxpayers in the online declaration...

Updated 24 Jul, 2023 09:29am

Viral videos: US deeply concerned by India sexual assault case

WASHINGTON: The United States said on Sunday it was deeply concerned by reports of viral videos showing two women...

Updated 24 Jul, 2023 08:51am

Punjab examines release of water into rivers by India

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi has ordered that the water situation in the rivers should be...

Updated 24 Jul, 2023 09:46am

Flood-hit Swat, Dir, Chitral: Forces continue relief activities

ISLAMABAD: Security forces continued relief activities in flood-hit parts of Swat, Dir and Chitral after the...

Updated 24 Jul, 2023 09:49am

SOEs: We need genuine action, not just lip service

EDITORIAL: It is increasingly appears that the federal government has a new priority. As per a Business Recorder...

Published 24 Jul, 2023 06:11am

Phone data privacy

EDITORIAL: Finally, the Lahore High Court (LHC) has ruled, in a very important decision, that access to phone data ...

Published 24 Jul, 2023 06:11am

Industry

RR&DB Punjab Chairman underscores criticality of women empowerment

LAHORE: Chairman Rice Research and Development Board Punjab Shahzad Ali Malik Sunday said women empowerment is of...

Published 24 Jul, 2023 06:11am

Foreign investment: PM calls for political stability

FAISALABAD: Prime Minister Shehbaz Sharif Sunday called for political stability to attract foreign investment and...

Published 24 Jul, 2023 06:11am

‘Barbenheimer’ frenzy gives sluggish summer box office a major boost

LOS ANGELES: The much-hyped “Barbenheimer” box office battle over the weekend proved to be a win for movie...

Published 24 Jul, 2023 06:11am

Documented steel sector assails hike in power tariff

ISLAMABAD: The documented steel sector has announced that the drastic increase in power tariff by 25 percent coupled...

Published 24 Jul, 2023 06:11am

Traders reject power tariff hike, term it ‘anti-growth’ step

PESHAWAR: Traders community rejected frequent increase in power tariff terming it as detrimental for economy,...

Published 24 Jul, 2023 06:11am

‘CPEC remains at the core of Pakistan-China relationship’

ISLAMABAD: The transformational China Pakistan Economic Corridor (CPEC), the flagship project of President Xi...

Published 24 Jul, 2023 06:11am

PCMEA delegation calls on SBP deputy governor

LAHORE: A delegation of Pakistan Carpet Manufacturers and Exporters Association (PCMEA) called on the Deputy ...

Published 24 Jul, 2023 06:11am

Industry

Educated manpower a must to attract investment: Tessori

KARACHI: Governor Sindh Kamran Khan Tessori was presented an Inspirational Leadership Award for his efforts for...

Published 24 Jul, 2023 06:11am

Yen slides, dollar gains as BOJ seen maintaining loose policy

Money & Banking

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.63 ▲ 0.93 (16.32%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.97 ▲ 0.86 (12.10%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
J.K.Spinning / Dec 18 J.K. Spinning Mills Limited(JKSM)	58.50 ▼ -6.50 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	332.25 ▼ -35.97 (-9.77%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.08
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▼ -0.01
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.23
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.18
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 0.44
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.02
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.29
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -1.81
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.10

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