News Archives for Print - 2023-09-25

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Print - 2023-09-25

Money & Banking

Allied Bank partners with Synapsify & Fasset for Web 3.0 initiative

KARACHI: To remain at the forefront of innovation and uphold our commitment to providing the best digital banking...

Published 25 Sep, 2023 07:15am

Agreements with IPPs the reason behind power crisis: Shaikhani

HYDERABAD: President of Hyderabad Chamber of Small Traders & Small Industry Muhammad Farooq Shaikhani has said...

Published 25 Sep, 2023 07:11am

Int’l Peace Day marked at Sindh University

HYDERABAD: The Department of Social Work, University of Sindh Jamshoro orchestrated an enlightening seminar on the...

Published 25 Sep, 2023 07:07am

All parties should have freedom to contest polls: Solangi

KARACHI: Caretaker Federal Minister for Information and Broadcasting Murtaza Solangi said on Sunday that all...

Published 25 Sep, 2023 07:04am

Illegal immigrants should be deported: IG Sindh

KARACHI: Inspector General of Police (IGP) Sindh Riffat Mukhtar on Sunday directed top police officers to ensure the...

Published 25 Sep, 2023 07:02am

20 injured in collision between trains

SHEIKHUPURA: At least 20 passengers including women and children were injured as two trains collided with each other...

Published 25 Sep, 2023 06:57am

Cotton & Textile

Weekly Cotton Review: Rate dips on PKR appreciation against USD

KARACHI: The rate of cotton witnessed an extraordinary decline of Rs 15,00 to Rs 2,000 per maund. The spot rate ...

Published 25 Sep, 2023 06:54am

China, Punjab govt sign letters of intent to establish sister cities

BEIJING: China and Punjab province signed Letters of Intent (LoI) to establish sister-city relations between Sahiwal...

Published 25 Sep, 2023 06:53am

Industry

KPEZDMC, Jalozai Economic Zone: BoK opens Raast Islamic Banking booth

JALOZAI: In a momentous occasion, Bank of Khyber proudly inaugurated its Raast Islamic Banking Booth at the KPEZDMC...

Published 25 Sep, 2023 06:51am

Macron vows $150m towards rural hunger at Global Citizen festival

NEW YORK: French President Emmanuel Macron on Saturday announced a $150 million commitment to the International Fund...

Published 25 Sep, 2023 06:34am

Iran demands Sweden act against Holy Quran burnings, free prisoner

TEHRAN: Iran has demanded Sweden take action over Holy Quran burnings before the two countries can exchange...

Published 25 Sep, 2023 06:34am

Recycling plastic not enough, warns UN environment chief

UNITED NATIONS: With the production of plastic on the rise worldwide and creating ever more pollution, the UN...

Published 25 Sep, 2023 06:34am

IWMI introduces ‘soil moisture sensors’ technology in Okara

LAHORE: International Water Management Institute (IWMI) has introduced cutting-edge scientific instruments called...

Published 25 Sep, 2023 06:34am

Mercury drops in Quetta

QUETTA: Blowing cold winds in Quetta and other areas of Balochistan on Sunday morning, announcing about upcoming...

Published 25 Sep, 2023 06:34am

Japanese diplomat seeks exchange of delegations

LAHORE: The Ambassador of Japan to Pakistan, Wada Mitsuhiro in a meeting with the Governor Punjab Muhammad Balighur...

Published 25 Sep, 2023 06:34am

Elections shouldn’t be held in winter: JUI-F

LAHORE: Jamiat Ulema-e-Islam Fazlur Rehman (JUI-F) Secretary General Maulana Abdul Ghafoor Haideri said everyone...

Published 25 Sep, 2023 06:34am

Asian Games: SL women’s team beats Pakistan

LAHORE: Sri Lanka women cricket team beat Pakistan women team by six wickets in the second semi-final of the 19th...

Published 25 Sep, 2023 06:34am

UNGA Session: PM vociferously expresses Pakistan’s views on regional, global issues

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Karkar has emphatically conveyed Pakistan’s views on key ...

Published 25 Sep, 2023 06:34am

WUM, MCF sign MoU

PESHAWAR: Women University Mardan (WUM) and the Momina Cheema Foundation (MCF) have signed a Memorandum of...

Published 25 Sep, 2023 06:34am

Loan borrowers: Properties should be sold to repay IMF debt: JI chief

QUETTA: Jamaat-e-Islami Pakistan (JIP) Ameer Sirajul Haq demanded the government that the properties and assets of...

Published 25 Sep, 2023 06:34am

Pakistani media delegation wraps up China visit

BEIJING: An 11-member media delegation comprised of journalists from Islamabad, Quetta, and Gwadar wrapped up its...

Published 25 Sep, 2023 06:34am

Energy

Mardan Circle: Pesco busts gang involved in tampering with meters

PESHAWAR: During the ongoing campaign against electricity thieves, Peshawar Electric Supply Company (Pesco) has...

Published 25 Sep, 2023 06:34am

‘Science Show’ by Joachim Hecker ‘Science is fun – German too:)’

KARACHI: Joachim Hecker is an engineer, science journalist and science entertainer from Hagen, Germany. With his ...

Published 25 Sep, 2023 06:34am

Republicans appeal to far-right conservatives to avert US govt shutdown

WASHINGTON: With just a week before Washington runs out of money to keep the federal government fully operating,...

Published 25 Sep, 2023 06:34am

The Weather

KARACHI: The weather report on Sunday (September 24, 2023) and the forecast for Monday (September 25, 2023)....

Published 25 Sep, 2023 06:34am

Rates

Sentiment on PSX remains positive

KARACHI: Sentiment at Pakistan Stock Exchange (PSX) was remained positive at the last week ended supported by...

Published 25 Sep, 2023 06:34am

Rates

Futures spread up 33bps

KARACHI: The futures spread decreased by 33 bps to 15.23 percent on the last day of the outgoing week. Trading...

Published 25 Sep, 2023 06:34am

Rates

PKR appreciates another 1.74pc

KARACHI: The rupee appreciated another 1.74% during the previous week, closing positive in all five sessions to...

Published 25 Sep, 2023 06:34am

Ties with Israel depend on national, Palestinian interests: FM

ISLAMABAD: Caretaker Foreign Minister Jalil Abbas Jilani maintained that Pakistan’s decision regarding ...

Published 25 Sep, 2023 06:34am

Jilani meets GCC secretary general

ISLAMABAD: Caretaker Foreign Minister Jalil Abbas Jilani met with Jassem Mohamed Albudaiwi, Secretary General of the...

Published 25 Sep, 2023 06:34am

JI chief urges govt to bring down prices of power, petrol and gas

LAHORE: Chief of Jamaat-e-Islami Sirajul Haq has addressed the sit-in protest in front of Governor House on the ...

Published 25 Sep, 2023 06:34am

‘Unfinished agenda of PBS’: Ishrat shares his opinion

ISLAMABAD: Dr Ishrat Husain a renowned economist, former Governor State Bank, Former Advisor to Prime Minister on...

Published 25 Sep, 2023 06:34am

Escalating economic divide with India

The following is the first part of a two-part series of articles highlighting the differences between the economies...

Updated 25 Sep, 2023 07:34am

Worst is yet to come

Inflation and purchasing power erosion pinch is now reflected in volumetric sales’ reduction in products and...

Updated 25 Sep, 2023 07:36am

Letters

Bhutto and Imran

Caretaker prime minister has clearly explained his government’s strategy in relation to Pakistan Tehreek-e-Insaf...

Published 25 Sep, 2023 06:34am

Stocks

China stocks rise the most in 8 weeks; concerns linger on 7th week of outflows

SHANGHAI: China stocks had their best day in eight weeks on Friday, bouncing off 10-month lows on hopes of improving...

Published 25 Sep, 2023 06:34am

Energy

Oil ends week lower as demand concerns face Russia supply

HOUSTON: Oil prices held steady on Friday but closed the week lower on profit-taking and as markets weighed supply...

Published 25 Sep, 2023 06:34am

Commodities

Gold ekes out gains as US dollar, yields ease

NEW YORK: Gold prices edged higher on Friday, helped by a slight pullback in the dollar and bond yields as investors...

Published 25 Sep, 2023 06:34am

Commodities

Palm near 3-month low on weaker rival oils

SINGAPORE: Malaysian palm oil futures traded flat at closing on Friday but held near three-month lows after a third...

Published 25 Sep, 2023 06:34am

Stocks

European shares clock weekly decline

PARIS: European shares closed lower on Friday, logging sharp weekly losses as investors grappled with the prospects...

Published 25 Sep, 2023 06:34am

Stocks

Wall St rides roller-coaster on hawkish Fed, ends down

NEW YORK: Wall Street see-sawed on Friday, and closed slightly lower after a tumultuous week during which benchmark...

Published 25 Sep, 2023 06:34am

Stocks

India’s Sensex logs worst week in 15 months on rate worries

BENGALURU: Indian shares closed lower on Friday, with the benchmark Sensex logging its worst week in over 15 months...

Published 25 Sep, 2023 06:34am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday September 24, 2023

Published 25 Sep, 2023 06:34am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (September 18 to...

Published 25 Sep, 2023 06:34am

Boosting industrial competitiveness: SIFC executive body seeks a financial plan

Executive Committee directs financial plan be prepared to introduce industrial tariffs based on cost of service to tackle issue of cross subsidy for domestic users

Updated 25 Sep, 2023 09:56am

Provincial nature PSDP projects: Centre decides to make it mandatory for provinces to share 50pc cost

ISLAMABAD: The caretaker federal government has reportedly decided to make it mandatory for the provinces to share...

Updated 25 Sep, 2023 09:33am

Fertiliser industry: Govt mulling ending cheaper gas facility

The new proposal, if implemented, will result in increase in urea price by Rs 800 per bag

Updated 25 Sep, 2023 11:42am

Identifying new taxpayers: Shamshad seeks data of electricity users

ISLAMABAD: The caretaker Minister for Finance and Revenue, Dr Shamshad Akhtar, has sought updated data of...

Updated 25 Sep, 2023 09:31am

Govt determined to fight off economic crisis: Shamshad

KARACHI: Caretaker Minister for Finance, Revenue and Economic Affairs Shamshad Akhtar said that the caretaker...

Updated 25 Sep, 2023 08:54am

Taxes

FBR urged to extend income tax return deadline

ISLAMABAD: Tax bar associations, chartered accountant firms, tax advisers and tax experts have approached the...

Updated 25 Sep, 2023 09:15am

‘Fair’ elections can take place without Imran: PM

KARACHI: Prime Minister Anwaar-ul-Haq Kakar has said “fair” elections were possible without PTI Chairman Imran Khan,...

Updated 25 Sep, 2023 09:30am

Any elections without Imran will have no legitimacy: PTI

ISLAMABAD: Former ruling party Pakistan Tehreek-e-Insaf (PTI) has lambasted Caretaker Prime Minister Anwaar-ul-Haq...

Updated 25 Sep, 2023 08:39am

Zero Percent Tax Amnesty Scheme: FBR finally releases data of beneficiaries

ISLAMABAD: The Pakistan Information Commission’s (PIC) landmark order has been implemented by the Federal Board of...

Updated 25 Sep, 2023 09:16am

‘Six or seven’ Muslim states to make peace with Israel after Saudi Arabia: report

KARACHI: Israeli Foreign Minister Eli Cohen has stated that “six or seven” Muslim countries could “make peace” with...

Updated 25 Sep, 2023 09:16am

‘Avastin’ pulled from shelves, says govt

ISLAMABAD: In an alarming disclosure, the caretaker federal government has announced to have withdrawn from the...

Updated 25 Sep, 2023 08:38am

BMP assails Nepra for another power rate hike

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has assailed the...

Published 25 Sep, 2023 06:34am

Money & Banking

Al Baraka Bank hosts lecture of Khalawi

KARACHI: Al Baraka Bank (Pakistan) Limited hosted a lecture by the eminent international speaker Yousef Hassan...

Published 25 Sep, 2023 06:34am

Businesspeople underscore need for promoting Islamic banking system

PESHAWAR: Business community has stressed the need for pragmatic steps to promote Islamic Banking and Finance System...

Published 25 Sep, 2023 06:34am

Pakistan: growth projections

EDITORIAL: Asian Development Bank (ADB) in its regular publication Asian Development Outlook lowered Pakistan’s...

Published 25 Sep, 2023 06:34am

More delay in elections?

EDITORIAL: After a long dither the Election Commission of Pakistan (ECP) has finally announced that general ...

Published 25 Sep, 2023 06:34am

Commodities

Prices of essential food items remain high

PESHAWAR: Prices of essential food commodities, including vegetables, grocery items, live chicken/meat, pulses and...

Published 25 Sep, 2023 06:34am

Money & Banking

Dollar up as data highlights US economic resilience

NEW YORK: The US dollar advanced against a basket of currencies on Friday as the latest batch of data on business...

Published 25 Sep, 2023 06:34am

Commodities

Copper on track for weekly loss due to strong dollar

LONDON: Copper prices were on track for a weekly loss on Friday due to a strong dollar, high inventories and reduced...

Published 25 Sep, 2023 06:34am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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