News Archives for Print - 2023-10-16

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Print - 2023-10-16

1m Gazans displaced as Israel readies for ground attack

GAZA STRIP, (Palestinian Territories): More than one million people have been displaced in the Gaza Strip in the ...

Published 16 Oct, 2023 05:47am

Backlog at Israeli ports grows

OCCUPIED JERUSALEM: The backlog of ships is growing at Israeli ports while operations continue at most terminals ...

Published 16 Oct, 2023 05:47am

Prominent Iranian director stabbed to death

TEHRAN: One of Iran’s most prominent film-makers, Dariush Mehrjui, was stabbed to death on Saturday evening...

Published 16 Oct, 2023 05:47am

ILMA University inks MoU with Malaysian varsity

KARACHI: ILMA University Pakistan paves the way for global learning with Universiti Tenaga Nasional, Malaysia ILMA...

Published 16 Oct, 2023 05:47am

Lyari kids impress at ‘Inclusion in Football Tournament’

KARACHI: U-12 football players of Lyari’s Kashif Academy impressed the Sunday crowd at Ziauddin Family Park where a...

Published 16 Oct, 2023 05:47am

Shehbaz demands Israel halt bombardment on Palestinians

LAHORE: Former Prime Minister and Pakistan Muslim League (N) President Shehbaz Sharif while condemning Israeli...

Published 16 Oct, 2023 05:47am

Biden 2024 campaign, allies raise $71m in latest quarterly haul

WASHINGTON: President Joe Biden’s 2024 re-election team and his party said on Sunday that they raised $71 million...

Published 16 Oct, 2023 05:47am

TikTok details disinformation steps taken after EU demand

BRUSSELS: Short video app TikTok said on Sunday it had immediately mobilised resources and personnel to counter hate...

Published 16 Oct, 2023 05:47am

Aliyev raises Azerbaijan’s flag in former breakaway region of Karabakh

MOSCOW: Azerbaijani President Ilham Aliyev on Sunday raised the national flag in the capital of the former breakaway...

Published 16 Oct, 2023 05:47am

IMF sees support for funding increase, wants deadline on shareholding change David Lawder

MARRAKECH (Morocco), Oct 10 (Reuters) - The International Monetary Fund said on Tuesday that it is seeing...

Published 16 Oct, 2023 05:47am

Australia fines Musk’s X platform $386,000

SYDNEY: An Australian regulator has fined Elon Musk’s social media platform X A$610,500 ($386,000) for failing to...

Published 16 Oct, 2023 05:47am

Pope Francis calls for humanitarian corridors to help those under siege in Gaza

VATICAN CITY: Pope Francis on Sunday called for humanitarian corridors to help those under siege in Gaza and again...

Published 16 Oct, 2023 05:47am

Europe

Poland votes in ‘most important’ election since communism

WARSAW: Poles voted on Sunday in parliamentary elections that will determine the country’s future ties with the...

Published 16 Oct, 2023 05:47am

USA

Blinken says US Arab allies don’t want Israel conflict to spread

CAIRO: US Secretary of State Antony Blinken said Sunday there was a consensus among the United States’ Arab allies...

Published 16 Oct, 2023 05:47am

Middle East

As Gaza war rages, Egypt plans summit on ‘Palestinian cause’

CAIRO: Egypt said Sunday it plans to host a summit on “the future of the Palestinian cause” as the Israel-Hamas...

Published 16 Oct, 2023 05:47am

‘Smog Awareness Family Ride’ organised in Lahore

LAHORE: Commissioner Lahore Muhammad Ali Randhawa has said that Lahore has been listed among the most polluted ...

Published 16 Oct, 2023 05:47am

KP CTD releases list of 128 wanted terrorists

PESHAWAR: The Khyber Pakhtunkhwa Counter-Terrorism Department has issued a list of 128 more wanted terrorists. The...

Published 16 Oct, 2023 05:47am

The Weather

KARACHI: The weather report on Sunday (October 15, 2023) and the forecast for Monday (October 09, 2023)....

Published 16 Oct, 2023 05:47am

Rates

Futures spread up 96bps

KARACHI: The futures spread increased by 96bps to 14.73 percent on the last day of the outgoing week. Trading...

Published 16 Oct, 2023 05:47am

Pakistan terms Gaza siege genocide of Palestinians

ISLAMABAD: Pakistan has denounced the relentless bombardment and complete blockade of Gaza by Israeli forces,...

Published 16 Oct, 2023 05:47am

Rates

PKR maintaining upward momentum

KARACHI: The rupee extended its winning streak for another week, gaining 1.79% during the five sessions to close at...

Published 16 Oct, 2023 05:47am

Project launched on research in orthopaedics

KARACHI: A multi-million rupee project was launched to promote research in medical and health science, where young...

Published 16 Oct, 2023 05:47am

Human catastrophe in Palestine: Alvi urges UN, OIC to meet urgently

ISLAMABAD: President Dr Arif Alvi on Sunday strongly condemning the brutalities and massacre of Palestinians in ...

Published 16 Oct, 2023 05:47am

JI stages big rally to express solidarity with Palestinians

KARACHI: A large number of Karachiites marched on Shahrah-e-Faisal here on Sunday to express solidarity with the...

Published 16 Oct, 2023 05:47am

Repatriation of Afghan refugees via Chaman border continues

CHAMAN: Repatriation of Afghan refugees via Chaman-Spin Boltak border to their country Afghanistan continued on...

Published 16 Oct, 2023 05:47am

Balochistan CM for taking action against killers of labourers

QUETTA: Balochistan Caretaker Chief Minister Mir Ali Mardan Khan Domki on Sunday said that the targeted killing of...

Published 16 Oct, 2023 05:47am

Bugti condemns killing of six labourers in Turbat

ISLAMABAD: Caretaker Interior Minister Sarfraz Ahmed Bugti strongly condemned the tragic killing of six labourers in...

Published 16 Oct, 2023 05:47am

Key BLA militant killed by security forces

QUETTA: Baloch Liberation Army’s (BLA) Abdul Majeed brigade’s wanted militant was killed along with his ...

Published 16 Oct, 2023 05:47am

Massive voter registration drive under way

ISLAMABAD: Over 800,000 new voters are being enrolled by the Election Commission of Pakistan (ECP), in voter lists...

Published 16 Oct, 2023 05:47am

Punjab CM meets PM

ISLAMABAD: Caretaker Punjab Chief Minister Mohsin Naqvi called on Interim Prime Minister Anwaar-ul-Haq Kakar in...

Published 16 Oct, 2023 05:47am

Section 144 imposed on Balochistan

QUETTA: The Balochistan Home Department has imposed Section 144 on the highways and in red zone areas across...

Published 16 Oct, 2023 05:47am

HWA launches report ‘State of Peasants’ Rights in Sindh in 2022’

HYDERABAD: During the local government elections held in June and July 2022, peasants and rural workers were ...

Published 16 Oct, 2023 05:47am

Concern shown on growing traffic violations in Karachi

KARACHI: Traffic violations are on the rise in the megacity Karachi as traffic police and related civic agencies are...

Published 16 Oct, 2023 05:47am

Can economy afford another Dar tenure?

Key economic indicators reflect a worsening trend (as per data released by the Finance Division) in July-August...

Published 16 Oct, 2023 05:47am

Gas sector reform: beyond pricing

Finally, pricing reform in the gas sector is in sight. The summary has been moved, and prices are likely to increase...

Published 16 Oct, 2023 05:47am

Letters

Palestinians will persevere

ActionAid UK has sent a distress signal, inviting world community’s attention to the plight of besieged Gazans and...

Published 16 Oct, 2023 05:47am

It’s time to close the sustainable energy gaps in Asia and the Pacific

This year we pass the halfway mark both on our journey towards implementing the 2030 Agenda for Sustainable...

Published 16 Oct, 2023 05:47am

On the edge of a precipice

The World Bank recently warned that Pakistan’s economy is on the edge of a precipice. Any more of the same will...

Published 16 Oct, 2023 05:47am

Stocks

Wall Street Week Ahead: Investors zero in on health of consumer with retail sales, earnings

NEW YORK: Investors in the coming week will get a look at the state of US consumers - whose spending drives around...

Published 16 Oct, 2023 05:47am

Stocks

FTSE 100 eases as St James’s Place tumbles

LONDON: UK’s FTSE 100 fell on Friday with St. James’s Place leading losses on reports of regulator pressure over...

Published 16 Oct, 2023 05:47am

Stocks

Toronto market pares weekly gain as risk appetite wavers

TORONTO: Canada’s main stock index fell on Friday, giving back some of its weekly gain, as worries that the...

Published 16 Oct, 2023 05:47am

Stocks

Gulf bourses drop as Mideast conflict rages

RIYADH: Most stock markets in the Gulf fell on Sunday amid worries that the escalating war between Palestinian group...

Published 16 Oct, 2023 05:47am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday October 15, 2023

Published 16 Oct, 2023 05:47am

Punjab to take steps to boost agri output

Federal Minister for National Food Security and Research Dr Kausar Abdullah Malik meets Punjab Chief Minister Syed Mohsin Naqvi

Updated 16 Oct, 2023 09:45am

Shamshad explains govt’s commitment to economic development

ISLAMABAD: Dr Shamshad Akhtar, Federal Minister for Finance, Revenue, and Economic Affairs, participated in a...

Updated 16 Oct, 2023 08:41am

Cotton prices: Punjab, Sindh CMs discuss strategy

LAHORE: Sindh Caretaker Chief Minister Maqbool Baqar met with Punjab Caretaker Chief Minister Mohsin Naqvi at Punjab...

Updated 16 Oct, 2023 09:47am

Rates

PSX witnesses bullish trend

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on October 13, 2023 on the...

Published 16 Oct, 2023 05:47am

KE seeks more electricity from national grid

ISLAMABAD: K-Electric (KE) has sought additional capacity of up to 300-MW from the national grid, increasing supply...

Updated 16 Oct, 2023 09:19am

Funding for energy efficiency project: EAD asked to get firm World Bank commitment

ISLAMABAD: The Central Development Working Party (CDWP) has directed Economic Affairs Division (EAD) to get firm...

Updated 16 Oct, 2023 08:48am

Pakistan flood relief: $400m World Bank loan not in jeopardy, says ministry

ISLAMABAD: The Ministry of Planning, Development & Special Initiatives of Pakistan has issued a statement that...

Updated 16 Oct, 2023 09:42am

Govt mulling slapping carbon tax on exports to EU

ISLAMABAD: The government is mulling imposing carbon tax on exports to the European Union (EU) to deal with Carbon...

Updated 16 Oct, 2023 08:45am

Petrol price slashed by Rs40, HSD’s by Rs15

ISLAMABAD: Caretaker government on Sunday announced a significant relief to general public by slashing the ex-depot...

Published 16 Oct, 2023 05:47am

Cotton’s purchase price: PM takes notice of manipulation

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Sunday took notice of purchase of cotton yield below the...

Updated 16 Oct, 2023 09:08am

Workforce skill verification: Govt approves hike in fee of Saudi Takamol

ISLAMABAD: The caretaker federal cabinet has approved 33 per cent increase in fee to $33 from $25 for verification...

Updated 16 Oct, 2023 09:46am

Punjab Human Capital Investment Project: Implementation progress rated ‘moderately unsatisfactory’ by World Bank

ISLAMABAD: The World Bank (WB) has rated the overall implementation progress of Punjab Human Capital Investment...

Updated 16 Oct, 2023 08:46am

Disappointing signal for PM’s visit: Pak-China Business, Investment Forum event cancelled

ISLAMABAD: Caretaker Prime Minister Anwar-ul-Haq’s visit to China to participate in the 3rd Build and Road Forum...

Updated 16 Oct, 2023 09:46am

India reviewing floor price for basmati rice exports

NEW DELHI: The Indian government said on Sunday it is actively reviewing the floor price it has set for basmati rice...

Published 16 Oct, 2023 05:47am

Energy

Possible hike in gas prices irks KPTMA

PESHAWAR: Reports about possible sharp increase in the prices of natural gas to match it with RLNG have irked the...

Published 16 Oct, 2023 05:47am

Energy

Renewable energy: China can sculpt a sustainable blueprint for Pakistan

ISLAMABAD: On the 10th anniversary of China’s influential Belt and Road Initiative (BRI), the evolving partnership...

Published 16 Oct, 2023 05:47am

Industry

SCCI seeks facilities for investors

PESHAWAR: Sarhad Chamber of Commerce and Industry (SCCI) vice president Ijaz Khan Afridi said Khyber Pakhtunkhwa is ...

Published 16 Oct, 2023 05:47am

Money & Banking

NBP announces pilot launch of digital account

KARACHI: National Bank of Pakistan (NBP) is pleased to announce the pilot launch of its digital account. The new...

Published 16 Oct, 2023 05:47am

Cotton & Textile

Weekly Cotton Review: Crisis-like situation exists in market on fall in rates

KARACHI: There is a crisis like situation in the cotton market because of continued decline in cotton prices....

Published 16 Oct, 2023 05:47am

Filling the cracks in the system

EDITORIAL: The crackdown on smuggling and illegal business of some exchange companies is yielding results in the...

Published 16 Oct, 2023 05:47am

Discouraging foreign investment

EDITORIAL: With foreign investment the weakest link in the country’s current account, and the economy on the verge...

Published 16 Oct, 2023 05:47am

Commodities

Prices of food items remain firm

PESHAWAR: Prices of essential food commodities, including live chicken/meat, vegetables, sugar, ghee/edible oil,...

Published 16 Oct, 2023 05:47am

Money & Banking

Sterling steadies after US inflation surprise

LONDON: The pound edged up on Friday, after posting its largest daily drop against the dollar the previous day since...

Published 16 Oct, 2023 05:47am

Money & Banking

China’s yuan steady

SHANGHAI: The yuan was steady against the dollar on Friday despite US inflation data reinforcing expectations US...

Published 16 Oct, 2023 05:47am

Money & Banking

Indian rupee ends slightly lower

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

Published 16 Oct, 2023 05:47am

Energy

Qatar signs 27-year gas supply deal with France’s Total

DOHA: Qatar has agreed to supply France’s TotalEnergies with natural gas for 27 years, its state energy company...

Published 16 Oct, 2023 05:47am

Industry

KP minister explains criticality of solarisation

PESHAWAR: Khyber Pakhtunkhwa Caretaker Minister for Industries, Commerce and Technical Education, Dr. Syed Amir...

Published 16 Oct, 2023 05:47am

Industry

Tobacco industry to fully install ‘track & trace system’ by year-end

ISLAMABAD: The electronic monitoring track and trace system of the Federal Board of Revenue (FBR) is expected to be...

Published 16 Oct, 2023 05:47am

Industry

PIA, Indonesian leasing company finalise deal on custody of two planes

ISLAMABAD: An agreement between the Indonesian company and Pakistan International Airline (PIA) has been finalized...

Published 16 Oct, 2023 05:47am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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