News Archives for Print - 2023-10-02

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Print - 2023-10-02

Letters

The formidable challenge of rising inflation and price hike

The government has reduced the prices of petroleum products. It’s a positive development. The decrease, however, ...

Published 02 Oct, 2023 07:07am

IMF’s policy needs deeper political economic thinking

‘“Escalating protests in Pakistan against rising costs linked to IMF demands, which follow similar protests in...

Published 02 Oct, 2023 07:03am

Testing the waters?

EDITORIAL: Last January three prominent politicians, Shahid Khaqan Abbasi and Miftah Ismail from the PML-N and...

Published 02 Oct, 2023 06:55am

Strengthen Solidarity and Coordination and Pursue Common Development in Asia

TEXT: Remarks by Wang Yi at the Opening Ceremony of the 7th China-South Asia Expo, August 16, 2023, Kunming....

Published 02 Oct, 2023 06:49am

Indian spacecraft heads towards centre of solar system

NEW DELHI: India’s Sun-monitoring spacecraft has crossed a landmark point on its journey to escape “the sphere ...

Published 02 Oct, 2023 06:33am

Multan airport: FIA intercepts, offloads another ‘beggar gang’

MULTAN: A group of beggars bound to Saudi Arabia under the guise of Umrah pilgrims were intercepted and offloaded on...

Published 02 Oct, 2023 06:33am

Violation of order: IHC summons Member Legal FBR

ISLAMABAD: Islamabad High Court (IHC) has summoned Member (Legal) Federal Board of Revenue (FBR) to appear in person...

Published 02 Oct, 2023 06:33am

Demand of sunglasses rises on upsurge in conjunctivitis cases in Punjab

ISLAMABAD: The demand of sunglasses has gone up elsewhere in the country including Punjab city to protect their eyes...

Published 02 Oct, 2023 06:33am

Three KP varsities sign MoU on cooperation

PESHAWAR: The University of Chitral, University of Swabi and Women University Swabi have signed a memorandum of...

Published 02 Oct, 2023 06:33am

USAID, ERDA organise 2-day training workshop for women entrepreneurs

PESHAWAR: The United States Agency for International Development (USAID) and Economic Recovery and Development...

Published 02 Oct, 2023 06:33am

PM felicitates new Maldives President

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Sunday felicitated Dr Mohamed Muizzu on his victory in ...

Published 02 Oct, 2023 06:33am

PKMAP rejects new delimitations in KP

PESHAWAR: Pakhtunkhwa Milli Awami Party (PKMAP) has opposed the recent delimitation decision taken by Election...

Published 02 Oct, 2023 06:33am

36 districts of Balochistan: Anti-polio campaign begins today

QUETTA: Coordinator Emergency Operation Centre (EOC) Balochistan Syed Zahid Shah has said that anti polio campaign...

Published 02 Oct, 2023 06:33am

Climate resilient, sustainable urban planning Pakistan and Azerbaijan join hands

AZERBAIJAN: Pakistan and Azerbaijan join hands for a climate resilient and sustainable urban planning keeping in ...

Published 02 Oct, 2023 06:33am

800 Afghans arrested in Islamabad

ISLAMABAD: Police claimed on Sunday to have detained 800 Afghan citizens in various parts of the federal capital...

Published 02 Oct, 2023 06:33am

Power breakdown at Dhabiji Pumping Station causes 104MGD water shortage

KARACHI: Karachi city faced 104 MGD water shortage due to sudden power breakdown by K Electric yesterday at Dhabiji...

Published 02 Oct, 2023 06:33am

JI asks councillors to mobilise masses

KARACHI: Jamaat-e-Islami (JI) Karachi chapter Ameer Engr Hafiz Naeemur Rehman has said that the October 6 sit-in...

Published 02 Oct, 2023 06:33am

Nawaz to face courts on return: Rana Tanveer

LAHORE: Pakistan Muslim League (Nawaz) senior leader and former federal minister Rana Tanveer Hussain has said that...

Published 02 Oct, 2023 06:33am

CM inaugurates KEMU’s Ibn-e-Sina reading room, cafeteria

LAHORE: Inaugurating the Ibn-e-Sina reading room and cafeteria of King Edward Medical University (KEMU), the...

Published 02 Oct, 2023 06:33am

Maryam says Nawaz can surely help resolve crisis

LAHORE: Expressing resolve to overcome the public issues by providing ease in their lives, Pakistan Muslim...

Published 02 Oct, 2023 06:33am

Countrywide anti-polio drive begins today

LAHORE: A country-wide anti-polio campaign is starting from Monday (Today) in which over 40 million children will be...

Published 02 Oct, 2023 06:33am

China's Remarkable 74-Year Economic Odyssey: From Inception to Innovation

TEXT: China's economic transformation is from a bumble beginning to ‘Global Leadership.’ As the People’s...

Updated 02 Oct, 2023 07:34am

China's initiative to drive UN agenda forward

TEXT: Eight years ago in September 2015, when world leaders unanimously adopted the 2030 Agenda for Sustainable...

Published 02 Oct, 2023 06:33am

Message from Chinese Modernization: Leaving No One Behind

TEXT: Modernization is not a luxury for the privileged few. It is the common pursuit of all people around the world....

Updated 02 Oct, 2023 07:37am

Message from H.E. Yang Yundong, Consul General of the People’s Republic of China in Karachi

TEXT: On the occasion of the National Day of the People's Republic of China, on behalf of the Consulate General of...

Updated 02 Oct, 2023 07:39am

Message of Congratulations on the 74th Anniversary of the Founding of the People’s Republic of China

TEXT: By H.E. Jiang Zaidong, Ambassador of the People’s Republic of China to Pakistan. On the occasion of the...

Updated 02 Oct, 2023 07:42am

Enhancing Solidarity and Cooperation to Overcome Risks and Challenges and Jointly Build a Better World

TEXT: Address by H.E. Xi Jinping President of the People’s Republic of China. At the Closing Ceremony of the BRICS...

Updated 02 Oct, 2023 07:44am

The Weather

KARACHI: The weather report on Sunday (October 01, 2023) and the forecast for Monday (October 02, 2023)....

Published 02 Oct, 2023 06:33am

Rates

Stocks remain under pressure

KARACHI: Pakistan Stock Exchange remained under pressure during the outgoing 4-day week ended on September 28, 2023...

Published 02 Oct, 2023 06:33am

Rates

Futures spread down 486bps

KARACHI: The futures spread declined by 486bps to 10.37 percent on the last day of the outgoing week. Trading...

Published 02 Oct, 2023 06:33am

Security and stability in country: Religious leaders say fully support army

LAHORE: The leaders from diverse religious backgrounds and schools of thought on Sunday convened at the ‘Seerat...

Updated 02 Oct, 2023 09:15am

Uplift loans, advances: Govt fixes rate of mark-up

ISLAMABAD: The caretaker federal government has fixed rate of mark-up for chargeable on development loans and...

Updated 02 Oct, 2023 08:51am

US Congress averts govt shutdown

WASHINGTON: The US Congress passed a stopgap funding bill late on Saturday with overwhelming Democratic support...

Updated 02 Oct, 2023 08:46am

Dasu transmission line scam probe: Composition of Senate panel may be changed

ISLAMABAD: The composition of Senate Standing Committee on Power probing $700 million scam of 765-kV double circuit...

Updated 02 Oct, 2023 09:14am

Chinese investor: Two local traders booked for ‘defrauding’

ISLAMABAD: The Federal Investigation Agency (FIA) has registered an FIR against the Pakistani businessmen for...

Updated 02 Oct, 2023 08:29am

UK condemns terrorist attacks

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Saturday received a telephone call from Secretary of...

Updated 02 Oct, 2023 08:27am

Terrorist attacks: Xi, Li extend condolences to President, PM

ISLAMABAD: Chinese President Xi Jinping has sent a message of condolence to Pakistani President Arif Alvi over a...

Updated 02 Oct, 2023 08:52am

Settlement of employees’ obligations: SME Bank allowed to use available surplus funds

ISLAMABAD: Finance Division has given its concurrence to allow SME Bank to utilise available surplus funds and...

Updated 02 Oct, 2023 09:59am

Rates

PKR improves further

KARACHI: The rupee improved another 1.4% to settle at 287.74 against the US dollar in the inter-bank market during...

Published 02 Oct, 2023 06:33am

Govt to crush terrorist groups with full force: Achakzai

QUETTA: Following the deadly suicide attack in Mastung, Caretaker Balochistan Information Minister Jan Achakzai on...

Published 02 Oct, 2023 06:33am

Bugti denounces terror assault on Mianwali police-post

ISLAMABAD: Caretaker Interior Minister Sarfraz Bugti expressed strong condemnation for the terrorist attack on a...

Published 02 Oct, 2023 06:33am

Law and order: PM summons apex committee meeting

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar said to have convened National Apex Committee meeting on...

Published 02 Oct, 2023 06:33am

Pakistan condemns terrorist attack in Türkiye

ISLAMABAD: Pakistan has strongly condemns the terrorist attack targeting the Ministry of Internal Affairs of...

Published 02 Oct, 2023 06:33am

Mastung incident: Shutter-down strike across Balochistan

MASTUNG: A shutter down strike was observed on Sunday throughout the province on the call given by the Etihad...

Published 02 Oct, 2023 06:33am

Cotton & Textile

Weekly Cotton Review: Market stability causes spot rate decline

KARACHI: Stability in the rate of cotton was seen previous week. However, there was a difference of Rs 2,000 per...

Published 02 Oct, 2023 06:33am

Widening Indo-Pak economic divide

This is the final part of a two-part series of articles, highlighting the differences between India and Pakistan’s...

Updated 02 Oct, 2023 07:15am

Taming inflation: pushing the boulder uphill

According to a recent survey, inflation and poverty are the biggest issues in Pakistan. No one could have any doubts...

Updated 02 Oct, 2023 07:16am

Energy

LPG prices go up; notification issued

ISLAMABAD: Oil & Gas Regulatory Authority (OGRA) dropped a bombshell on the consumers by notifying an increase ...

Published 02 Oct, 2023 06:33am

Commodities

Prices of kitchen items show upward trend

PESHAWAR: Upward trend in prices of important kitchen items was witnessed in the retail market, said in a survey...

Published 02 Oct, 2023 06:33am

Commodities

Palm oil closes with 2.31pc weekly gain

JAKARTA: Malaysian palm oil futures closed lower on Friday, reversing their midday gains. However, they recorded a...

Published 02 Oct, 2023 06:33am

Energy

Oil settles lower but ends quarter up 28pc on tight supply

NEW YORK: Oil prices settled 1% lower on Friday due to macroeconomic concerns and profit taking, but rose about 30%...

Published 02 Oct, 2023 06:33am

Stocks

S&P 500 dips after US inflation data

NEW YORK: The S&P 500 ended lower on Friday as investors digested implications of a US inflation report for the...

Published 02 Oct, 2023 06:33am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday October 01, 2023

Published 02 Oct, 2023 06:33am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (September 25 to...

Published 02 Oct, 2023 06:33am

Govt injects more clarity into SIFC initiative

Notification issued by Board of Investment says Special Investment Facilitation Council shall have three tiers

Updated 02 Oct, 2023 10:07am

PPIB urges SBP to clear $700m dues of power projects

ISLAMABAD: Private Power & Infrastructure Board (PPIB) has urged State Bank of Pakistan (SBP) to clear pending...

Updated 02 Oct, 2023 10:00am

PD proposes gas prices for Mari-based fertiliser plants

ISLAMABAD: Petroleum Division has proposed gas sale prices for Mari-based fertiliser plants at Rs.580/ mmbtu for...

Updated 02 Oct, 2023 09:35am

Industry

Expert highlights trout fish production potential

PESHAWAR: The abundance of suitable water in quality and quantity in the shape of springs, streams, rivers and lakes...

Published 02 Oct, 2023 06:33am

Industry

Zia Sarhadi re-elected PAJCCI coordinator

PESHAWAR: Coordinator Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Ziaul Haq Sarhadi has been...

Published 02 Oct, 2023 06:33am

Industry

Fuad Ishaq elected president SCCI unopposed

PESHAWAR: Fuad Ishaq and Sanaullah were elected unopposed as president and senior vice president of the Sarhad...

Published 02 Oct, 2023 06:33am

SECP holds seminar titled ‘Ease of Doing Business, Inclusion of Women’

PESHAWAR: An awareness seminar on ‘Ease of Doing Business and inclusion of Women’ was organized by Securities ...

Published 02 Oct, 2023 06:33am

There’s always a smell of shenanigans in the air

EDITORIAL: The government is desperate to fill the growing fiscal gaps. The space to finance a continuously high...

Published 02 Oct, 2023 06:33am

Money & Banking

Dollar on track for best quarter in a year

NEW YORK: The dollar was on track to post its biggest quarterly gain in a year on Friday and gains for the 11th...

Published 02 Oct, 2023 06:33am

Industry

Int’l carpet exhibition begins in Lahore from Wednesday

LAHORE: A three day 39th International Exhibition of Handmade Carpets will get underway here at a local hotel from...

Published 02 Oct, 2023 06:33am

Money & Banking

‘Bank of the Future Forum 2023’ from 5th

LAHORE: Bank of the Future Forum 2023, one of the largest banking and financial conferences in the world, co-hosted...

Published 02 Oct, 2023 06:33am

PBF hails Pakistan-GCC FTA

KARACHI: The Pakistan Business Forum (PBF) has commended the efforts of the Ministry of Commerce for finalising the...

Published 02 Oct, 2023 06:33am

Taxes

Need for widening tax net stressed

KARACHI: Depending on salaried class and organised sector for tax to GDP ratio is not a positive sign for economic...

Updated 02 Oct, 2023 07:23am

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	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
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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