News Archives for Print - 2023-10-03

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Print - 2023-10-03

Covid-19 vaccine discoveries: Hungarian, US scientists win Nobel

STOCKHOLM: Hungarian scientist Katalin Kariko and US colleague Drew Weissman, who met in line for a photocopier...

Published 03 Oct, 2023 06:02am

South Asia

Iran says opposes ‘geopolitical changes’ in Caucasus

TEHRAN: Iran on Monday said it opposes any “geopolitical changes” in the Caucasus, where it has long been ...

Published 03 Oct, 2023 06:02am

Trump reaped over $1bn from fraud, New York says as civil trial begins

NEW YORK: Donald Trump sat in a Manhattan courtroom on Monday and listened to a New York state lawyer accuse him of...

Published 03 Oct, 2023 06:02am

At least 10 killed in Mexico church roof collapse

MEXICO CITY: A church roof collapsed during a baptism in northeastern Mexico on Sunday, killing 10 people including...

Published 03 Oct, 2023 06:02am

Middle East

‘No one better’: Egyptians rally for Sisi third term

CAIRO: Thousands of Egyptians rallied Monday in Cairo, calling for President Abdel Fattah al-Sisi to declare his...

Published 03 Oct, 2023 06:02am

Europe

EU pledges lasting support at ‘historic’ Kyiv meeting

KYIV: The European Union signalled its long-term support for Ukraine on Monday as its foreign ministers convened in...

Published 03 Oct, 2023 06:02am

GALAXY Group of Companies A journey of a thousand steps

TEXT: Galaxy Pharma started its journey back in the year 2005 as a one-man army led by myself, Khalil-Ur-Rehman. ...

Published 03 Oct, 2023 06:02am

Message from Tariq Shafi Chairman, Pakistan Korea Business & Friendship Council

TEXT: We are pleased to congratulate the People's Republic of Korea on their National Foundation Day. Incidentally,...

Published 03 Oct, 2023 06:02am

Rates

‘Green day’

KARACHI: Pakistan Stock Exchange on Monday witnessed a bullish trend on the back of healthy buying in almost all...

Published 03 Oct, 2023 06:02am

Cypher case: Court orders production of IK, Qureshi tomorrow

ISLAMABAD: The special court hearing the cypher case against Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan and...

Published 03 Oct, 2023 06:02am

NBP celebrates Eid Milad-un-Nabi (SAWW) with religious zeal, fervor

KARACHI: National Bank of Pakistan (NBP) celebrated Eid Milad-un-Nabi (SAWW) with great religious zeal and fervor at...

Published 03 Oct, 2023 06:02am

Trans-Himalaya Forum: FM to leave for China tomorrow

ISLAMABAD: Care-taker Foreign Minister Jalil Abbas Jilani will embark on a two-day official visit to China Wednesday...

Published 03 Oct, 2023 06:02am

Nawaz fully determined to steer country out of all crises: Shehbaz

LAHORE: Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif said on Monday that the PML-N supremo is...

Published 03 Oct, 2023 06:02am

Lt-General Munir Afsar made NADRA chairman

ISLAMABAD: The government has appointed Lieutenant General Munir Afsar as the new chairman of the National Database...

Published 03 Oct, 2023 06:02am

PARTLY FACETIOUS: Shehbaz has never gone against his brother

“The airwaves are full of predictions that the Project: The Man Who Must Remain Nameless has ended. Why are you...

Published 03 Oct, 2023 06:02am

Export sector: prohibitive energy costs

If the economy is to be stabilized, exports can no longer afford to pay for the energy sector’s failures and...

Published 03 Oct, 2023 06:02am

We need a ‘Charter of Society’

Lately, there has been an extensive talk about various charters of sorts - the Charter of Democracy, the Charter of...

Published 03 Oct, 2023 06:02am

Improving tax compliance

The caretaker government has set up a tax reforms taskforce to come up with recommendations to close the ‘tax...

Published 03 Oct, 2023 06:02am

Caretakers’ approach to economic impasse

EDITORIAL: The Caretaker government’s discernible approach to dealing with the economic impasse is twofold: ...

Published 03 Oct, 2023 06:02am

Letters

Taking their begging bowls to foreign soil

In recent days, as many as 16 alleged beggars trying to travel to Saudi Arabia for begging were arrested at Multan....

Published 03 Oct, 2023 06:02am

Our planet is choking on plastic—II

Importantly, in the EU’s Circular Economy Action Plan, plastic is one of the priority areas of this circular...

Published 03 Oct, 2023 06:02am

Stocks

Saudi bourse falls on downbeat forecast, Egypt extends losses

DUBAI: Saudi Arabia’s stock market ended lower on Monday following a downbeat economic forecast, while the ...

Published 03 Oct, 2023 06:02am

Stocks

Nasdaq rises on boost from growth stocks

NEW YORK: The Nasdaq rose on Monday, boosted by gains in growth stocks as investors awaited commentary from more...

Published 03 Oct, 2023 06:02am

Stocks

STOXX 600 sinks to six-month low on higher bond yields

PARIS: European stocks kicked off the final quarter on a negative note as higher bond yields pressured equities and...

Published 03 Oct, 2023 06:02am

Stocks

Tokyo stocks close lower

TOKYO: Tokyo stocks closed lower on Monday, giving up early gains spurred by a positive Bank of Japan business...

Published 03 Oct, 2023 06:02am

Stocks

London stocks kick off Q4 lower as rising yields bite

LONDON: London stocks gave up early gains and closed lower on Monday as rising yields pushed equities down, while...

Published 03 Oct, 2023 06:02am

Stocks

TSX tumbles to near seven-month low

BENGALURU: Canada’s main stock index fell to a near seven-month low as a decline in gold and oil prices dragged...

Published 03 Oct, 2023 06:02am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 287,112 tonnes of cargo comprising 195,743 tonnes of import cargo and 91,369...

Published 03 Oct, 2023 06:02am

Grains

March raw sugar up

LONDON: March raw sugar edged up 0.1% to 26.50 cents per lb, having hit a recent 12-year high. The October contract...

Published 03 Oct, 2023 06:02am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (October 02, 2023). ========================== KIBOR...

Published 03 Oct, 2023 06:02am

The Weather

KARACHI: The weather report on Monday (October 02, 2023) and the forecast for Tuesday (October 03, 2023)...

Published 03 Oct, 2023 06:02am

Rates

LME official prices

LONDON: The following were Friday official prices. ========================================= ALUMINIUM...

Published 03 Oct, 2023 06:02am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (October 02, 2023)...

Published 03 Oct, 2023 06:02am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (October 02, 2023). ======================================= Offset...

Published 03 Oct, 2023 06:02am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 02, 2023)....

Published 03 Oct, 2023 06:02am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (October 02, 2023)....

Published 03 Oct, 2023 06:02am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (October 02, 2023). ==================================== BR...

Published 03 Oct, 2023 06:02am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (October ...

Published 03 Oct, 2023 06:02am

Cross-border smuggling: Security personnel found involved to face stiff action

ISLAMABAD: Caretaker Interior Minister Sarfaraz Bugti said on Monday that the entire nation was united against the...

Updated 03 Oct, 2023 09:33am

Opposition of IMF, World Bank: Plan to have direct credit lines from banks, FIs shelved

ISLAMABAD: The Finance Division has reportedly shelved its plan to have direct credit lines from Banks/ Financial...

Updated 03 Oct, 2023 09:15am

PM launches countrywide polio campaign

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has launched a countrywide polio campaign to continue till...

Updated 03 Oct, 2023 08:40am

Industry

Insurance industry paid Rs34.3bn against taxes, duties in 2022

ISLAMABAD: The insurance industry has paid taxes/duties of Rs34.3 billion to the exchequer during 2022 including...

Updated 03 Oct, 2023 08:43am

PHMA demands application of single law to Sindh industries

KARACHI: Pakistan Hosiery Manufacturers and Exporters Association (PHMA) on Monday demanded clipping multiple...

Updated 03 Oct, 2023 09:12am

PM highlights criticality of technical training programmes

ISLAMABAD: The caretaker federal cabinet has approved the appointment of Lieutenant General Muhammad Munir Afsar as...

Updated 03 Oct, 2023 09:39am

Discos and KE consumers: Nepra notifies periodic adjustment of Rs3.28/unit

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) on Monday issued notification of periodic adjustment...

Updated 03 Oct, 2023 09:42am

Sindh, Punjab to face water shortage in Rabi season

ISLAMABAD: The IRSA Advisory Committee (IAC) has projected 15 percent water shortage of Punjab and Sindh during Rabi...

Updated 03 Oct, 2023 08:41am

PPP ‘only’ party that wants timely elections: Bilawal

KARACHI: Taking a dig at his allies in the erstwhile Pakistan Democratic Movement-led ruling coalition, PPP Chairman...

Published 03 Oct, 2023 06:02am

Energy

Investments to determine fuel prices at the pump: UAE

ABU DHABI: Fuel prices consumers pay at the pump will be driven by a willingness to keep investing in fossil fuels,...

Published 03 Oct, 2023 06:02am

Energy

SNGPL EGM held

LAHORE: An Extraordinary General Meeting (EGM) of Sui Northern Gas Pipelines Limited (SNGPL) was held on Saturday,...

Published 03 Oct, 2023 06:02am

Commodities

Gold extends fall

BENGALURU: Gold extended its decline for a sixth straight session on Monday to hit a near seven-month trough, as a...

Published 03 Oct, 2023 06:02am

Commodities

Copper prices rise

LONDON: Copper prices rose on Monday in a relatively quiet session as some Asian markets were on holiday, with...

Published 03 Oct, 2023 06:02am

Commodities

Paris wheat ticks down

HAMBURG/PARIS: European wheat futures ticked down on Monday, stabilising after an earlier three-week low as a weaker...

Published 03 Oct, 2023 06:02am

Commodities

Chicago wheat up

SINGAPORE: Chicago wheat climbed 1.7% on Monday as bargain-hunting supported prices after the market dropped more...

Published 03 Oct, 2023 06:02am

Commodities

Japanese rubber gains

SINGAPORE: Japanese rubber futures rose for a second session on Monday, as a weaker yen supported the market,...

Published 03 Oct, 2023 06:02am

Commodities

Malaysian palm oil extends losses

JAKARTA: Malaysian palm oil futures traded lower on Monday, extending losses for a second session trailing weakness...

Published 03 Oct, 2023 06:02am

Energy

Oil prices fall

NEW YORK: Oil prices fell about 2% on Monday to a three-week low as a higher-priced Brent contract expired, the US...

Published 03 Oct, 2023 06:02am

Energy

US natgas prices ease

NEW YORK: US natural gas futures eased about 1% on Monday on forecasts for milder weather and less demand next week...

Published 03 Oct, 2023 06:02am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday (October 02, 2023)...

Published 03 Oct, 2023 06:02am

Cotton & Textile

Modest activity on cotton market

LAHORE: The local cotton market on Monday remained steady and the trading volume remained low. Cotton Analyst Naseem...

Published 03 Oct, 2023 06:02am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (October 02, 2023). ======================== Open Bid ...

Published 03 Oct, 2023 06:02am

Third-party participation in CPEC: Accord likely at third Belt and Road Forum

Caretaker Minister for Planning, Development and Special Initiatives Sami Saeed chairs meeting to review progress on CPEC projects

Updated 03 Oct, 2023 09:51am

Upcoming NFC: FD seeks proposals from ministries, provinces

ISLAMABAD: The Finance Division has sought proposals from federal ministries and provinces for the upcoming National...

Updated 03 Oct, 2023 09:14am

Sept CPI rises 4 percentage points to 31.4pc MoM

ISLAMABAD: The Consumer Price Index (CPI) rose by 4 percentage points in September to 31.4 percent against the...

Published 03 Oct, 2023 06:02am

Jul-Sep trade deficit shrinks 42.25pc to $5.289bn YoY

ISLAMABAD: Pakistan’s trade deficit narrowed down by 42.25 percent in the first quarter (July-Sept) of the current...

Published 03 Oct, 2023 06:02am

Industry

PPMA elects Mian Khalid Misbah as central chairman

LAHORE: Pakistan Pharmaceutical Manufacturers Association (PPMA) has unanimously elected Mian Khalid ...

Published 03 Oct, 2023 06:02am

World Bank keeps China 2023 GDP growth forecast but cuts 2024 outlook

BEIJING: The World Bank has maintained its forecast for China’s 2023 economic growth at 5.1%, in line with its...

Published 03 Oct, 2023 06:02am

Industry

US manufacturing sector nears recovery; construction spending solid

WASHINGTON: US manufacturing took a step further towards recovery in September as production picked up and ...

Updated 03 Oct, 2023 06:43am

Most urgent concern

EDITORIAL: It’s curious that TTP (Tehreek-e-Taliban Pakistan) has (so far) denied responsibility for the Mastung...

Published 03 Oct, 2023 06:02am

Sehrish Raza wins ‘She Loves Tech Pakistan 2023’ competition

KARACHI: The leading non-profit tech startup CIRCLE, in collaboration with HBL, proudly announces the victor of the...

Published 03 Oct, 2023 06:02am

Companies

Hyundai Santa Fe Hybrid launched

LAHORE: Hyundai Nishat Motor (Private) Limited (HNMPL), the fastest-growing automotive brand in Pakistan, has...

Published 03 Oct, 2023 06:02am

Money & Banking

Dollar climbs to near 150 vs yen after US shutdown avoided

NEW YORK: The dollar index climbed on Monday, building on four straight weeks of gains after the US government...

Published 03 Oct, 2023 06:02am

Money & Banking

Russian rouble slumps past 99 vs dollar to near seven-week low

MOSCOW: The rouble slumped past 99 against the dollar to a near seven-week low on Monday, having now lost support of...

Published 03 Oct, 2023 06:02am

Money & Banking

Sterling slides further after Sept slump

LONDON: The pound fell sharply on Monday, continuing a weak run that saw it drop 3.7% in September, its worst ...

Published 03 Oct, 2023 06:02am

Money & Banking

Asian currencies: Thai baht, Indonesian rupiah lead declines

SINGAPORE: Thailand’s baht and Indonesian rupiah led falls among Asian emerging market currencies on Monday, as ...

Published 03 Oct, 2023 06:02am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	155.66
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
Nasdaq / Jan 21	19,756.78
Dow Jones / Jan 21	44,025.81
India Sensex / Jan 22	76,197.90
Tokyo Nikkei / Jan 22	39,646.25
Hang Seng / Jan 22	19,778.77
FTSE 100 / Jan 22	8,579.82
Germany DAX 30 / Jan 22	21,258.81

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Crude Oil USD/Barrel / Jan 22	75.52
Gold Spot USD/Ounce / Jan 22	2,751.94
Cotton US¢/pound / Jan 22	67.34
Petrol/Litre / Jan 23	256.13

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.49 ▲ 0.96 (10.07%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	24.29 ▲ 2.21 (10.01%)
Pak Elektron (Pref) / Jan 22 Pak Elektron Limited (Preference)(PELPS)	14.94 ▲ 1.36 (10.01%)
Ashfaq Textile / Jan 22 Ashfaq Textile Mills Limited(ASHT)	15.51 ▲ 1.41 (10.00%)
Crescent Cotton / Jan 22 Crescent Cotton Mills Limited(CCM)	54.45 ▲ 4.95 (10.00%)
Fecto Cement / Jan 22 Fecto Cement Limited(FECTC)	116.40 ▲ 10.58 (10.00%)
Fateh Sports / Jan 22 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10.00%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.30 ▼ -0.70 (-11.67%)
Nagina Cot. / Jan 22 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Zahid Jee Textile / Jan 22 Zahidjee Textile Mills Limited(ZAHID)	27.21 ▼ -3.00 (-9.93%)
Gulistan Sp. / Jan 22 Gulistan Spinning Mills Limited(GUSM)	11.58 ▼ -1.26 (-9.81%)
TPL Life Insur. / Jan 22 TPL Life Insurance Limited(TPLL)	51 ▼ -5.50 (-9.73%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.05 ▼ -5.27 (-9.70%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	55.98 ▼ -5.92 (-9.56%)
Mari Energies / Jan 22 Mari Energies Limited(MARI)	598 ▼ -61.53 (-9.33%)
Hala Enterprise / Jan 22 Hala Enterprises Limited(HAEL)	12.10 ▼ -1.21 (-9.09%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.04
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	99,158,485 ▼ -0.07
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	83,500,175 ▲ 3.03
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.02
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.23
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.08
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 1.04
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.10
Fauji Foods Ltd / Jan 22 Fauji Foods Limited(FFL)	18,601,390 ▼ -0.41

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