News Archives for Print - 2023-12-02

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Print - 2023-12-02

World Bank, UAE lead climate financing boost at COP28

DUBAI: Governments, development banks and companies announced on Friday initiatives to mobilise billions in climate...

Published 02 Dec, 2023 05:09am

UN chief, COP28 president clash over future of fossil fuels

DUBAI: UN Secretary General Antonio Guterres urged world leaders at the COP28 climate summit to plan for a future...

Published 02 Dec, 2023 05:09am

At least seven killed in attack on clerics in Herat

HERAT, (Afghanistan): At least seven people were killed Friday when unidentified gunmen opened fire on a rickshaw...

Published 02 Dec, 2023 05:09am

Scores killed in Gaza as fighting shatters truce

GAZA: Israel’s warplanes pounded Gaza on Friday after talks to extend a week-old truce with Hamas collapsed,...

Published 02 Dec, 2023 05:09am

Ex-cricketers appointed as consultant members of PCB body

LAHORE: Former cricketers Kamran Akmal, Rao Iftikhar Anjum and Salman Butt has been appointed as consultant members...

Published 02 Dec, 2023 05:09am

ACC U-19 Asia Cup 2023: Pakistan squad announced

LAHORE: Saad Baig will continue to lead Pakistan U-19 team in the ACC U-19 Asia Cup 2023 set to take place in Dubai....

Published 02 Dec, 2023 05:09am

The way forward

Discussions and arguments on the politics of the day — at all levels and at all times — are in the DNA of our...

Published 02 Dec, 2023 05:09am

Restoring the environment

Many years ago when I was working for a big international chemicals company we had an important visit from the head...

Published 02 Dec, 2023 05:09am

Business Confidence Index

EDITORIAL: Strangely, while the OICCI’s (Overseas Investors Chamber of Commerce and Industry’s) latest BCI...

Published 02 Dec, 2023 05:09am

Kissinger’s complicated legacy

EDITORIAL: If all the praise and scorn showered upon former US national security advisor and secretary of state ...

Published 02 Dec, 2023 05:09am

Climate change challenges: Germany reaffirms support to Pakistan

KARACHI: The German Consul General in Karachi, Dr Rudiger Lotz, affirmed Germany’s support for Pakistan in dealing...

Published 02 Dec, 2023 05:09am

Al-Qadir Trust scam: NAB files reference against IK, others

ISLAMABAD: The National Accountability Bureau (NAB), on Friday, filed a corruption reference against Pakistan...

Published 02 Dec, 2023 05:09am

APNS condoles death

KARACHI: Nazafreen Saigol Lakhani, President and Sarmad Ali, Secretary General of the All Pakistan Newspapers ...

Published 02 Dec, 2023 05:09am

52nd National Day United Arab Emirates: Message from H.E. Hamad Obaid Al Zaabi, Ambassador of the UAE to Pakistan

TEXT: On December 2 of each year, the UAE commemorates its National Day and the anniversary of the establishment of...

Published 02 Dec, 2023 05:09am

52nd National Day United Arab Emirates: Message from Bakheet Ateeq Al Rehmeithi, Consul General of the UAE in Karachi

TEXT: Congratulations to the Government of UAE and all Emirati people on the 52nd National Day. I pray that this...

Published 02 Dec, 2023 05:09am

52nd National Day United Arab Emirates: Message from Faisal Niaz Tirmizi, Ambassador of Pakistan to the UAE

TEXT: On the auspicious occasion of 52nd National Day of the United Arab Emirates, I extend my profound ...

Published 02 Dec, 2023 05:09am

The Weather

KARACHI: The weather report on Friday (December 01, 2023) and the forecast for Saturday (December 02, 2023)...

Published 02 Dec, 2023 05:09am

PM joins world leaders to discuss climate actions

DUBAI: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Friday held informal interactions with multiple world ...

Published 02 Dec, 2023 05:09am

CEC hints at announcing election schedule on 16th

ISLAMABAD: The schedule for general elections would be issued 54 days prior to the polling date, Chief Election...

Published 02 Dec, 2023 05:09am

SAU, BROOKE sign MoU for welfare & health care of animals

HYDERABAD: A Memorandum of Understanding (MoU) has been signed between Sindh Agriculture University (SAU) and the...

Published 02 Dec, 2023 05:09am

PPP-P issues instructions to aspirants of party tickets

ISLAMABAD: Pakistan People’s Party-Parliamentarians (PPP-P) Secretary-General Syed Nayyer Hussain Bokhari has...

Published 02 Dec, 2023 05:09am

PPP Digital Islamabad lauds Bilawal’s exceptional leadership as FM

ISLAMABAD: Pakistan People’s Party (PPP) Digital Islamabad expressed its profound appreciation for Chairman ...

Published 02 Dec, 2023 05:09am

Bushra Bibi, Khawar Maneka: Plea seeking record of divorce dismissed

LAHORE: The Lahore High Court on Friday dismissed a petition of bar member seeking record of the divorce between...

Published 02 Dec, 2023 05:09am

CPEC transmission project: Pakistani engineers receive training in China

BEIJING: Muhammad Talha is one of 11 Pakistani engineers who have recently attended a technical training programme ...

Published 02 Dec, 2023 05:09am

Pakistan elected to EC of OPCW for two-year term

ISLAMABAD: The 28th session of the Conference of States Parties to the Chemical Weapons Convention (CWC) that...

Published 02 Dec, 2023 05:09am

Parliamentary panel informed: ‘Major focus on ‘Saudi Arabia’s Vision 2030’ to bolster workforce in KSA’

ISLAMABAD: A parliamentary panel was informed on Friday that the country’s major focus is Saudi Arabia’s Vision...

Published 02 Dec, 2023 05:09am

JI supports industry's strike against gas tariff hike

KARACHI: Jamaat-e-Islami (JI) on Friday announced to back the strike called by the trade and industry for December ...

Published 02 Dec, 2023 05:09am

IHC orders removing name of Mazari from PCL

ISLAMABAD: The Islamabad High Court (IHC) on Friday ordered to remove the name of former leader of Pakistan...

Published 02 Dec, 2023 05:09am

‘Loan repayment’: Couple commits suicide after killing 3 daughters

FAISALABAD: In a shocking incident, a Faisalabad couple committed suicide after killing their daughters in ...

Published 02 Dec, 2023 05:09am

Ceremony held to mark 75 years of Pak-Netherlands diplomatic ties

LAHORE: Governor Punjab Muhammad Balighur Rehman attended a ceremony held at Lahore Fort to celebrate the completion...

Published 02 Dec, 2023 05:09am

CDA body grants approval for building plan of CCP

ISLAMABAD: The Design Vetting Committee of the Capital Development Authority (CDA) has officially granted approval...

Published 02 Dec, 2023 05:09am

ATC acquits ex-MPA, 7 others

LAHORE: An anti-terrorism court on Friday acquitted former MPA Nazir Chohan and seven others in a 2022 case of...

Published 02 Dec, 2023 05:09am

Around 7000 students join e-Rozgaar Training Plan

LAHORE: More than 7,000 youth from across Punjab have joined the new batch of the e-Rozgaar Training Programme, an...

Published 02 Dec, 2023 05:09am

ACCA, IFAC, PwC releases new report

LAHORE: As world leaders gather for COP28, ACCA (the Association of Chartered Accountants), IFAC (the International...

Published 02 Dec, 2023 05:09am

9000 new HIV/ AIDS patients detected this year so far

ISLAMABAD: Pakistan has detected over 9,000 new HIV/ AIDS patients so far this year, senior officials of the ...

Published 02 Dec, 2023 05:09am

Cypher case: hearing to be held in jail today

ISLAMABAD: The special court, on Friday, announced that hearing of the cypher case against Pakistan Tehreek-e-Insaf...

Published 02 Dec, 2023 05:09am

Rs1.38bn approved for purchase of equipment & vehicles for Rangers

KARACHI: The Sindh Cabinet on Friday approved the release of Rs1.38 billion funds for the purchase of water canons,...

Published 02 Dec, 2023 05:09am

PTI to elect Gohar Ali as ‘temporary’ chairman today

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) is all set to elect Barrister Gohar Ali Khan as the temporary chairman of...

Published 02 Dec, 2023 05:09am

Bilawal says PPP to usher in ‘new era of politics’

QUETTA: Pakistan People’s Party Chairman Bilawal Bhutto Zardari said on Friday that discarding the outdated ways ...

Published 02 Dec, 2023 05:09am

Letters

The plight of patients in Gaza

That Israel has been violating the terms of its truce with Hamas is a grim reality that has found its best ...

Published 02 Dec, 2023 05:09am

Gunmen kill policeman guarding polio vaccination team

PESHAWAR: A policeman was killed when militants attacked a polio vaccination team on Friday, police said, the latest...

Published 02 Dec, 2023 05:09am

PARTLY FACETIOUS: Khosa has thrown a spanner in the works of Gohar?

“For the life of me I cannot understand the chatter on the airwaves as to who will remain in charge after Pakistan...

Published 02 Dec, 2023 05:09am

Stocks

European shares hit four-month highs as miners rally

PARIS: European shares extended their gains from November on Friday, propelled by sharp rises in miners and as euro...

Published 02 Dec, 2023 05:09am

Stocks

China, HK stocks fall as data points to feeble recovery

SHANGHAI: Chinese and Hong Kong stocks fell on Friday, with the Hang Seng Index recording its worst week in over...

Published 02 Dec, 2023 05:09am

Stocks

Australian shares snap 3-day gaining streak

SYDNEY: Australian shares snapped a three-day winning streak on Friday, starting the last month of the year on a...

Published 02 Dec, 2023 05:09am

Solar panel, allied equipment manufacturing: Govt decides to identify, plug policy gaps

Neelofur Hafeez, Joint Secretary (LED), MoI&P briefs about decisions taken in 5th meeting of the Apex Committee of the SIFC

Updated 02 Dec, 2023 03:50pm

PSO allowed Rs3.21 per litre exchange rate adjustment

ISLAMABAD: As the maximum petroleum levy (PL) on petrol can not exceed Rs 60 per litre without parliamentary...

Updated 02 Dec, 2023 03:33pm

Only photovoltaic cells exempted from sales tax: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that the exemption of sales tax previously available on...

Updated 02 Dec, 2023 03:33pm

Climate plans: Over 130 nations agree to include food, agriculture

DUBAI: More than 130 countries agreed to prioritise food and agriculture in their national climate plans at COP28 in...

Updated 02 Dec, 2023 03:51pm

Rates

Another milestone achieved

KARACHI: Pakistan Stock Exchange on Friday made new historic record hitting highest-ever levels in its history on ...

Published 02 Dec, 2023 05:09am

DPC proposes ‘appropriate’ changes in statute

KARACHI: The Deposit Protection Corporation (DPC) has proposed “appropriate” changes in its statute to enhance its...

Updated 02 Dec, 2023 03:53pm

Govt reaffirms its commitment to protect CPEC projects, workers

ISLAMABAD: Pakistan, on Friday, reaffirmed its strong commitment to the protection of workers and projects under the...

Updated 02 Dec, 2023 03:32pm

UN conventions bind Pakistan to protect rights of refugees: SC

ISLAMABAD: The Supreme Court observed that Pakistan is a signatory to United Nations conventions safeguarding the...

Updated 02 Dec, 2023 09:34am

SC asks govt to auction off two ‘costly’ vehicles

ISLAMABAD: The Supreme Court registrar has written letters to the Cabinet Division secretary and chief secretary...

Published 02 Dec, 2023 05:09am

PNSC not a loss-making institution: spokesman

KARACHI: The spokesman of Pakistan National Shipping Corporation (PNSC) has denied reports published in local press...

Published 02 Dec, 2023 05:09am

Transport for visiting ministers: Embassy in UAE seeks more funds

ISLAMABAD: Pakistan’s Embassy in United Arab Emirates (UAE) is said to have asked Ministry of Finance, and Power and...

Updated 02 Dec, 2023 09:35am

Federal govt employees: Guidelines issued for grant of compensatory allowance

ISLAMABAD: Finance Division has issued new guidelines for grant of compensatory allowance to federal government...

Updated 02 Dec, 2023 09:12am

Roosevelt Hotel sell-off: PC Board approves appointment of FA

ISLAMABAD: The Privatisation Commission Board in a meeting chaired by the Federal Minister for...

Updated 02 Dec, 2023 09:14am

‘Green channel facility’: 57pc of imported consignments cleared at ports

ISLAMABAD: A total of 57 percent of the imported consignments have been cleared at ports under the “green channel...

Updated 02 Dec, 2023 09:51am

U Microfinance Bank announces financial results

KARACHI: U Microfinance Bank, Pakistan’s fastest-growing microfinance bank, has published its financial results ...

Published 02 Dec, 2023 05:09am

TSML assigned ‘Initial Entity Ratings’

ISLAMABAD: The Pakistan Credit Rating Agency Limited (PACRA) has assigned “Initial Entity Ratings” to...

Published 02 Dec, 2023 05:09am

Kakar meets Netherlands PM: Dutch firms invited to invest in agri, energy sectors

DUBAI: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Friday met Prime Minister of the Netherlands Mark Rutte...

Published 02 Dec, 2023 05:09am

Business community united under BMP for FPCCI polls

KARACHI: Rafiq Sulaiman, the vice president candidate in the Federation of Pakistan Chamber of Commerce and Industry...

Published 02 Dec, 2023 05:09am

Energy

Oil exploration rights: Bids opened for 10 onshore blocks

ISLAMABAD: Bid Opening Committee under the chairmanship of DGPC publicly opened bids for 10 onshore blocks for grant...

Published 02 Dec, 2023 05:09am

Commodities

Gold prices lower

KARACHI: Gold prices on Friday inched down on the local market but silver was unmoved, traders said. Gold lost Rs500...

Published 02 Dec, 2023 05:09am

Cotton & Textile

Trading in cotton market remains dull

LAHORE: The trading in local market on Friday remained dull and the trading volume remained low. Cotton analyst,...

Published 02 Dec, 2023 05:09am

Stocks

Wall St higher as Powell comments bolster peak-rate bets

NEW YORK: Wall Street’s main indexes inched higher on Friday after Federal Reserve Chair Jerome Powell ...

Published 02 Dec, 2023 05:09am

Energy

UAE markets fall on weak oil prices

DUBAI: Stock exchanges in the United Arab Emirates closed lower on Friday on volatile oil prices after OPEC+...

Published 02 Dec, 2023 05:09am

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 02 Dec, 2023 05:09am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (December 01, 2023). ========================== KIBOR...

Published 02 Dec, 2023 05:09am

Forex

Open market rates of foreign currencies

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

Published 02 Dec, 2023 05:09am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (December 01, 2023). ======================== Open Bid...

Published 02 Dec, 2023 05:09am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (December 01, 2023)....

Published 02 Dec, 2023 05:09am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (December 01, 2023). ==================================== BR...

Published 02 Dec, 2023 05:09am

Banks get carbon emissions standard they sought for stock, bond deals

LONDON: Banks will need to account for a third of the emissions linked to their capital markets deals when they...

Published 02 Dec, 2023 05:09am

SPI down 0.23pc WoW

ISLAMABAD: A decline of 0.23 percent has been recorded in the weekly Sensitive Price Index (SPI) for the week ending...

Published 02 Dec, 2023 05:09am

Nov CPI inflation rises to 29.2pc YoY

ISLAMABAD: Consumer Price Index (CPI) inflation increased to 29.2 percent on a year-on-year basis in November 2023 ...

Published 02 Dec, 2023 05:09am

Nov Economic Update, Outlook not uploaded

ISLAMABAD: Finance Ministry has not uploaded “Economic Update and Outlook” for the month of November 2023 due to...

Published 02 Dec, 2023 05:09am

Jul-Nov trade deficit shrinks 33.59pc to $9.378bn YoY

ISLAMABAD: Pakistan’s trade deficit contracted by 33.59 percent to $9.378 billion during the first five months...

Published 02 Dec, 2023 05:09am

Industry

UBG leader underscores unity of his group

KARACHI: Chairman UBG Sindh Region Khalid Tawab has underscored the unity of UBG and its alliance group against any...

Published 02 Dec, 2023 05:09am

Industry

Report submitted on stock of agri fertilizers

HYDERABAD: In pursuance of directions of Deputy Commissioner Matari Lal Dino Mangi, the Department of Agriculture...

Published 02 Dec, 2023 05:09am

Industry

CCP issues show-cause notices to eight sugar mills

LAHORE: The Cane Commissioner Punjab Abdul Rauf has issued show cause notices under the Punjab Sugar Factories...

Published 02 Dec, 2023 05:09am

Money & Banking

Public health sector: Pakistan needs to spend 1pc of GDP every year: World Bank

LAHORE: World Bank has estimated that Pakistan needed to spend one percent of current GDP, i.e. $4 billion, per year...

Published 02 Dec, 2023 05:09am

Money & Banking

US dollar falls

NEW YORK: The dollar fell on Friday, after two days of gains, as Federal Reserve Chair struck a cautious tone on...

Published 02 Dec, 2023 05:09am

Money & Banking

S Korean won, Taiwan dollar lead Asian FX lower

BENGALURU: The South Korean won and the Taiwan dollar started December on a weak note on Friday, after the US dollar...

Published 02 Dec, 2023 05:09am

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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

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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