News Archives for Print - 2023-10-14

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Print - 2023-10-14

Companies

flydubai becomes first international carrier to resume Kabul flights

DUBAI: Low-cost carrier flydubai announced flights to Kabul on Thursday, becoming the first international airline to...

Published 14 Oct, 2023 05:44am

Blinken tells Arab leaders ‘no more business as usual’ with Hamas

DOHA: US top diplomat Antony Blinken is telling Middle Eastern leaders there can be “no more business as usual”...

Published 14 Oct, 2023 05:32am

Israeli embassy staffer assaulted in Beijing

BEIJING: A staffer at the Israeli embassy in Beijing was assaulted on Friday and was hospitalised in stable...

Published 14 Oct, 2023 05:32am

IMF, World Bank urge funds for poverty, climate fights

MARRAKESH, (Morocco): The heads of the IMF and World Bank urged member nations on Friday to boost the funding...

Published 14 Oct, 2023 05:32am

ECP delists Musharraf’s APML

ISLAMABAD: Declaring the All Pakistan Muslim League (APML) as “virtually non-existent,” the Election Commission...

Published 14 Oct, 2023 05:32am

Eight car showrooms sealed by LDA

LAHORE: In an operation, the Lahore Development Authority (LDA) sealed eight car showrooms and other properties on...

Published 14 Oct, 2023 05:32am

Concerns voiced over situation in besieged Gaza

ISLAMABAD: Speakers at a webinar expressed serious concerns about the situation in the besieged Gaza and called for...

Published 14 Oct, 2023 05:32am

Bahrain envoy meets SAPM

ISLAMABAD: A high-level meeting between Tahir Javed, SAPM/ MOS on Investment and Mohammed Ebraheem Mohammed,...

Published 14 Oct, 2023 05:32am

USA

US House Republicans try again to pick new leader

WASHINGTON: Republicans in the US House of Representatives on Friday aimed to pick another candidate to lead the...

Published 14 Oct, 2023 05:32am

Middle East

Iranian funds: Qatar says it’s committed to fulfilling deal with Iran and US

DOHA: Qatari Prime Minister Sheikh Mohammed Bin Abdulrahman al-Thani said on Friday that his country is committed to...

Published 14 Oct, 2023 05:32am

Africa

Suicide bombing at mosque kills 7 in Afghanistan

KABUL: A suicide bombing ripped through a Shia mosque in northern Afghanistan on Friday, killing at least seven...

Published 14 Oct, 2023 05:32am

NASA launches spacecraft to explore metal-rich asteroid Psyche

WASHINGTON: NASA on Friday launched a spacecraft from Florida on its way to Psyche, the largest of the several...

Published 14 Oct, 2023 05:32am

West Indies, Thailand women to tour Pakistan from 18th

LAHORE: Pakistan will host West Indies Women-A and Thailand women’s emerging team from October 18 to November 12 ...

Published 14 Oct, 2023 05:32am

Punjab CM for timely completion of uplift projects

LAHORE: Caretaker Punjab Chief Minister Mohsin Naqvi has said that the completion of Khalid Butt Chowk Underpass and...

Published 14 Oct, 2023 05:32am

‘Enforced disappearance’: PTI leader’s wife writes letter to CJP

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) senior leader Farrukh Habib’s wife requested Qazi Faez Isa, chief ...

Published 14 Oct, 2023 05:32am

PTI for release, recovery of PTI’s workers, leaders

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Core Committee, on Friday, strongly condemned the ongoing inhuman practice...

Published 14 Oct, 2023 05:32am

PML-N seeks permission to hold meeting at Minar-e-Pakistan

LAHORE: The Pakistan Muslim League-Nawaz (PML-N) on Friday applied to the Lahore’s district administration, ...

Published 14 Oct, 2023 05:32am

World Cup clash: Pakistan faces India at Narendra Modi Stadium today

LAHORE: The most-anticipated fixture of the ICC Men’s Cricket World Cup between Pakistan and India is being staged...

Published 14 Oct, 2023 05:32am

LHC directs action against doctors for conducting two-finger test

LAHORE: The Lahore High Court directed the provincial government to initiate appropriate proceedings against doctors...

Published 14 Oct, 2023 05:32am

Judicial remand of Elahi extended in terrorism case

ISLAMABAD: The Anti-Terrorism Court (ATC), on Friday, extended the judicial remand of Pakistan Tehreek-e-Insaf (PTI)...

Published 14 Oct, 2023 05:32am

Israeli aggression: JI concerned over silence of Islamic world

LAHORE: Jamaat-e-Islami (JI) Emir Sirajul Haq showing concern about the silence of the rulers of Islamic world on ...

Published 14 Oct, 2023 05:32am

Dozens of PTI workers held for holding pro-Palestinians rally

ISLAMABAD: The police on Friday arrested dozens of supporters of incarcerated former prime minister Imran Khan after...

Published 14 Oct, 2023 05:32am

DC asked to decide PTI’s plea for rally

LAHORE: The Lahore High Court on Friday directed the Deputy Commissioner Lahore to decide the application of PTI...

Published 14 Oct, 2023 05:32am

CS reviews work on development projects in Lahore

LAHORE: The caretaker Punjab Chief Minister Mohsin Naqvi visited the sites of Khalid Butt Chowk underpass and Ghorra...

Published 14 Oct, 2023 05:32am

CS reviews progress on 33 priority projects

LAHORE: Chief Secretary Punjab Zahid Akhtar Zaman, on Thursday, reviewed the pace of work on the 33 priority...

Published 14 Oct, 2023 05:32am

23 industrial units sealed during anti-smog action

LAHORE: Special anti-smog squads of the environment department Punjab took action against 51 industrial units during...

Published 14 Oct, 2023 05:32am

World Standards Day: Standards for SDGs: Our shared vision for a better world

TEXT: The Sustainable Development Goals (SDGs), which project to address social imbalances, develop a sustainable...

Published 14 Oct, 2023 05:32am

World Standards Day: Message from Federal Minister for Science / Technology Government of Pakistan

TEXT: I am pleased to learn that Pakistan Standards & Quality Control Authority (PSQCA) is observing the World...

Published 14 Oct, 2023 05:32am

Message from DR. H. U. KHAN Director General Pakistan Standards & Quality Control Authority (PSQCA)

TEXT: The world standards day is being celebrated on 14th October every year by the member countries of...

Published 14 Oct, 2023 05:32am

The Weather

KARACHI: The weather report on Friday (October 13, 2023) and the forecast for Saturday (October 14, 2023)...

Published 14 Oct, 2023 05:32am

Rates

Bulls rule the roost

KARACHI: Pakistan Stock Exchange on Friday witnessed another bullish session and on 10th consecutive day closed on...

Published 14 Oct, 2023 05:32am

Correction

**This is apropos a news item “Overseas Pakistanis: LCCI urges govt to set up authority” carried by the ...

Published 14 Oct, 2023 05:32am

CDC holds ‘World Investor Weekend’

KARACHI: Central Depository Company (CDC) in partnership with SECP and leading AMCs and brokerage houses of Pakistan...

Published 14 Oct, 2023 05:32am

JI urges Karachiites to participate in ‘Al-Aqsa Palestine March’

KARACHI: Jamaat-e-Islami (JI) Karachi Ameer Engr Hafiz Naeemur Rehman has urged Karachiites to shun their political...

Published 14 Oct, 2023 05:32am

KU sets up Turkish language centre

KARACHI: The University of Karachi (UoK) has established a Turkish Language Centre named ‘Yunus Emre Enstitusu’...

Published 14 Oct, 2023 05:32am

SSGC’s rider wins local cycle race

KARACHI: SSGC’s cyclist Abdul Razzaq secured first position to win the 50km long ‘Coach Muhammad Baran Baloch...

Published 14 Oct, 2023 05:32am

World Food Day celebrated at Jamshoro

HYDERABAD: The Food and Agriculture Organization of the UN (FAO) and Sindh Food Authority (representing Sindh Food...

Published 14 Oct, 2023 05:32am

46,000 community-based LHWs to be recruited in next 5 years

ISLAMABAD: The government has decided to recruit 46,000 community-based lady health workers (LHWs) during the next...

Published 14 Oct, 2023 05:32am

Donor agencies to be supported: Institutions must approve pending PC-1s of 4RF projects: minister

ISLAMABAD: Minister for Planning, Development and Special Initiatives, Muhammad Sami Saeed has said the government ...

Published 14 Oct, 2023 05:32am

Loss-making SOEs must be privatized

The SOEs are required to be privatised. This compulsion is driven by no other reason than that going forward, no...

Updated 14 Oct, 2023 06:09am

Golden moments of cricket

Cricket has a long history. According to the ICC website, the first we hear of it is in 1611 and it was then...

Updated 14 Oct, 2023 06:09am

Letters

‘Hamas attacks constitute another 9/11 for the US?’

This is apropos a letter to the Editor “Hamas attacks constitute another 9/11 for US?” carried by the newspaper...

Published 14 Oct, 2023 05:32am

Partly Facetious: Nawaz wasn’t in exile?

“I guess if Nawaz Sharif is returning after four years in exile, the deal has been struck.” “Hey he wasn’t...

Published 14 Oct, 2023 05:32am

No more doing business as usual—VI

Dwelling on the bigger picture; the foremost need of South-North Pipeline timing needs revisiting knowing that our...

Updated 14 Oct, 2023 06:11am

Stocks

Asian FX retreat after strong US inflation report

BENGALURU: Emerging Asian currencies retreated on Friday as the US dollar and Treasury yields strengthened after...

Published 14 Oct, 2023 05:32am

Stocks

S&P 500, Nasdaq down

BENGALURU: The S&P 500 and the Nasdaq fell on Friday, as a decline in megacap stocks overshadowed upbeat...

Published 14 Oct, 2023 05:32am

Stocks

European stocks dip as US rate worries resurface

BENGALURU: European stocks slipped on Friday after US inflation data fuelled concerns about interest rates staying...

Published 14 Oct, 2023 05:32am

Stocks

Dubai indexes tumble

BENGALURU: Stock markets in United Arab Emirates and Dubai indexes tumbled on Friday, tracking global equities as a...

Published 14 Oct, 2023 05:32am

Stocks

Japanese shares track Wall Street’s declines

TOKYO: Japanese shares fell on Friday, tracking Wall Street’s declines overnight after hotter-than-expected US...

Published 14 Oct, 2023 05:32am

Stocks

China, HK stocks fall

SHANGHAI: Chinese stocks closed lower on Friday after consumer price data suggested domestic demand is still under...

Published 14 Oct, 2023 05:32am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (October 13, 2023). ========================== KIBOR...

Published 14 Oct, 2023 05:32am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (October 13, 2023). ======================== Open Bid ...

Published 14 Oct, 2023 05:32am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (October 13, 2023)....

Published 14 Oct, 2023 05:32am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (October 13, 2023). ==================================== BR...

Published 14 Oct, 2023 05:32am

Q1FY24: $3.527bn borrowed from multiple financing sources

Economic Affairs Division data shows the country received $320.92 million in September 2023

Updated 14 Oct, 2023 05:16pm

Pakistan set to meet some key targets set by IMF: SBP chief

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad Friday said current policy mix adopted by the government...

Updated 14 Oct, 2023 05:16pm

French envoy, Fawad discuss privatisation strategy

ISLAMABAD: Nicolas Galey, French Ambassador to Pakistan met Minister for Privatisation Fawad Hasan Fawad at his...

Updated 14 Oct, 2023 05:18pm

Shamshad meets Iranian FM, Deutsche Bank leadership

ISLAMABAD: Federal Minister for Finance, Revenue and Economic Affairs Dr Shamshad Akhtar met with Finance Minister...

Updated 14 Oct, 2023 08:59am

No talks with TTP: PM

PESHAWAR: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Friday, ruling out any talks with Tehreek-e-Taliban...

Published 14 Oct, 2023 05:32am

Imported auto parts: IHC orders Customs Collectorate to release containers

ISLAMABAD: The Islamabad High Court (IHC) directed Customs Collectorate Islamabad to release the imported containers...

Updated 14 Oct, 2023 05:24pm

Amendments to NAO: SC urged to review its judgment

ISLAMABAD: The Supreme Court has been asked to review its judgment against the amendments to the National...

Updated 14 Oct, 2023 09:37am

PBC floats proposals aimed at reducing power tariff

ISLAMABAD: Pakistan Business Council (PBC) has floated proposals to slash electricity tariff up to Rs 6.5 per unit...

Updated 14 Oct, 2023 05:24pm

Govt allows name change of Summit Bank to Bank Makramah Ltd

ISLAMABAD: The Federal Cabinet has allowed the name change of Summit Bank to Bank Makramah Limited and voting rights...

Updated 14 Oct, 2023 05:32pm

Capacity issues hinder uplift projects in flood-hit areas: Foreign states, donors ready to finance $7.4bn

ISLAMABAD: Many development projects could not be initiated in flood-affected areas due to capacity issues of the...

Updated 14 Oct, 2023 05:32pm

Significant reduction in POL products likely

ISLAMABAD: A significant reduction in petroleum products ex-depot prices upto Rs35 per litre is projected for the...

Published 14 Oct, 2023 05:32am

Collection of professional tax by cantonment boards illegal: SC

ISLAMABAD: The top court declared the collection of professional tax by Cantonment Board Karachi from businesses...

Updated 14 Oct, 2023 09:35am

Various depts/organisations: TCP receivables stand at Rs253.8bn

ISLAMABAD: The Trading Corporation of Pakistan (TCP) receivables against various departments/organisations stand at...

Updated 14 Oct, 2023 09:54am

Commodities

LTO Karachi secures 1.9m metric tons of sugar

KARACHI: The Large Taxpayers Office (LTO) in Karachi has successfully secured 1.9 million metric tons of sugar from...

Published 14 Oct, 2023 05:32am

Energy

SSGC intensifies operations against gas thieves

KARACHI: SSGC’s Security Services and Counter Gas Theft Operations (SS & CGTO) conducted a joint raid with ...

Published 14 Oct, 2023 05:32am

‘Country must learn to survive without loans’

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and...

Published 14 Oct, 2023 05:32am

Cotton & Textile

KCA reduces spot rate by Rs200 per maund

LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Friday decreased the spot rate by Rs 2,00...

Published 14 Oct, 2023 05:32am

Sheer blackmail

EDITORIAL: With revenue-specific conditions of the IMF programme necessitating a progressive revision of the tax...

Published 14 Oct, 2023 05:32am

Surging power bills and thievery

EDITORIAL: A significant reason for the mounting energy circular debt is uncontrolled power theft. Earlier this ...

Published 14 Oct, 2023 05:32am

CG Turkiye hails SIFC initiative

LAHORE: Consul General of Turkiye Durmus Bastug said that the Special Investment facilitation Council (SIFC) is a...

Published 14 Oct, 2023 05:32am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 14 Oct, 2023 05:32am

Forex

Open market rates of foreign currencies

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

Published 14 Oct, 2023 05:32am

Oil surges nearly 6 percent

NEW YORK: Oil prices leapt nearly 6% on Friday, with Brent posting its highest weekly gain since February, as...

Published 14 Oct, 2023 05:32am

SPI inflation up 0.30pc WoW

ISLAMABAD: The Sensitive Price Index (SPI) based inflation for the week ended 12th October 2023, increased by 0.30...

Published 14 Oct, 2023 05:32am

Companies

PACRA assigns AM2 rating to PQAMC

KARACHI: Pakistan Credit Rating Agency (PACRA) has assigned an Asset Manager rating of ‘AM2’ (AM-Two) with a...

Published 14 Oct, 2023 05:32am

‘Convergence of conventional equities into Islamic can create enormous opportunities for PSX’

KARACHI: The Securities and Exchange Commission of Pakistan (SECP), in partnership with the Pakistan Stock Exchange...

Published 14 Oct, 2023 05:32am

Taxes

FTO directs FBR to place names of all manual filers on latest ATL

ISLAMABAD: Taking a big step to facilitate general public, Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has...

Published 14 Oct, 2023 05:32am

Industry

Closure of shops: LCCI concerned over decision

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has expressed concerns over the decision to close...

Published 14 Oct, 2023 05:32am

Taxes

Money laundering: ‘Taxpayers prefer to challenge jurisdiction of income tax department’

LAHORE: Taxpayers involved in money laundering prefer to challenge the jurisdiction of the income tax department...

Published 14 Oct, 2023 05:32am

Money & Banking

Dollar extends gains after inflation data lift

NEW YORK: The US dollar edged higher on Friday, extending its gains from the previous session when hot US consumer...

Published 14 Oct, 2023 05:32am

Money & Banking

Australia, NZ dollars lower

SYDNEY: The Australian and New Zealand dollars nursed losses on Friday after a hotter-than-expected US inflation...

Published 14 Oct, 2023 05:32am

Money & Banking

Indian rupee slightly lower

MUMBAI: The Indian rupee ended slightly lower on Friday as intermittent US dollar-selling intervention by the ...

Published 14 Oct, 2023 05:32am

Companies

JPMorgan Chase profits jump, warns inflation could persist

NEW YORK: JPMorgan Chase reported another highly profitable quarter Friday, but warned inflation could persist and...

Published 14 Oct, 2023 05:32am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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