News Archives for Print - 2023-12-04

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Print - 2023-12-04

South Asia

India agrees to withdraw soldiers from Maldives

NEW DELHI: India’s government has agreed to withdraw its soldiers from the Maldives, the Indian Ocean...

Published 04 Dec, 2023 05:35am

The Weather

KARACHI: The weather report on Sunday (December 3, 2023) and the forecast for Monday (December 4, 2023)....

Published 04 Dec, 2023 05:35am

ChildLife Foundation gets recognition at COP28

KARACHI: ChildLife Foundation has achieved recognition by becoming one of the three finalists in health category at...

Published 04 Dec, 2023 05:35am

Health science advancements have increased life expectancy: expert

PESHAWAR: Dr. Syed Muhammad Ilyas, Chief Executive Officer (CEO) Paraplegic Centre Peshawar, has said that due to ...

Published 04 Dec, 2023 05:35am

ICC prosecutor says Israel must respect international law

AMSTERDAM: The prosecutor of the International Criminal Court (ICC) on Sunday called on Israel to respect the...

Published 04 Dec, 2023 05:35am

South Asia

Modi’s party routs opposition in key India state polls

NEW DELHI: Indian Prime Minister Narendra Modi’s ruling party routed the main opposition in key heartland states ...

Published 04 Dec, 2023 05:35am

Africa

East Africa force starts withdrawal from Congo

GOMA (Congo): Scores of Kenyan troops flew out of eastern Democratic Republic of Congo on Sunday, marking the start...

Published 04 Dec, 2023 05:35am

Pope deplores end to Gaza truce, urges new ceasefire

VATICAN CITY: Pope Francis said Sunday that he was saddened the truce in the Gaza Strip had been broken and urged...

Published 04 Dec, 2023 05:35am

Europe

Denmark calls in army to defend Jewish sites, citing terror threat

COPENHAGEN: Denmark will deploy army units to protect Jewish and Israeli sites in Copenhagen in response to an...

Updated 04 Dec, 2023 06:04am

Europe

Ukraine and Poland open crossing to ease blockade

KYIV: Ukraine and Poland will open a border crossing for empty trucks on Monday in a bid to ease a blockade by ...

Published 04 Dec, 2023 05:35am

COP28 delegates urge greater action on climate-linked health risks

DUBAI: Physicians, activists and country representatives at this year’s COP28 UN climate summit in Dubai have...

Published 04 Dec, 2023 05:35am

Asia

Four killed in bomb attack on Catholic mass in Philippines

MARAWI (Philippines): At least four people were killed and dozens wounded in a bomb attack on a Catholic mass in the...

Updated 04 Dec, 2023 06:04am

Minister meets Bill Gates

ISLAMABAD Federal Minister for Health Dr. Nadeem Jan on Sunday met with Bill & Melinda Gates Foundation...

Published 04 Dec, 2023 05:35am

PM condemns firing on passenger bus

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar strongly condemned the firing incident on a passenger bus in...

Published 04 Dec, 2023 05:35am

KU’s academic session 2024: Over 8, 000 candidates appear for entrance test

KARACHI: As many as 8, 098 candidates appeared in the entry test held for the morning session in BS, B.Ed (H), and...

Published 04 Dec, 2023 05:35am

PTI’s Sher Afzal Marwat booked

SWABI: A first information report (FIR) was registered against Pakistan Tehreek-e-Insaf (PTI) Senior Vice President...

Published 04 Dec, 2023 05:35am

Polo Cup 2023: Total Nutrition clinches title

LAHORE: Team Total Nutrition clinched the 61 Polo Cup 2023 title with a narrow 6-5 win over Remington/Newage in an...

Published 04 Dec, 2023 05:35am

Chrysanthemum show to begin today: PHA

LAHORE: With a wide array of colorful flowers on display, the annual chrysanthemum show organised by the Parks and...

Published 04 Dec, 2023 05:35am

IT conference begins in Doha: Minister unveils Pakistan’s IT potential

ISLAMABAD: In a groundbreaking initiative, the Pakistan-Qatar IT Conference commenced at the JW Marriott Marquis ...

Published 04 Dec, 2023 05:35am

Bugti condemns firing on bus in Chilas

ISLAMABAD: Caretaker Federal Minister for Interior Sarfaraz Ahmed Bugti on Sunday strongly condemned the firing...

Published 04 Dec, 2023 05:35am

‘Pakistan in a Changing World’: ISSI to hold ‘Islamabad Conclave’ next week

ISLAMABAD: The Institute of Strategic Studies Islamabad (ISSI) is holding its annual flagship event, “Islamabad...

Published 04 Dec, 2023 05:35am

PDP underscores need for setting up more driving test outlets in Karachi

KARACHI: Following a recent tragic traffic incident due to underage driving in Lahore, the Lahore traffic police has...

Published 04 Dec, 2023 05:35am

‘Sindhi Culture Day’ observed with traditional zeal, gaiety

KARACHI: The Sindhi cultural and unity day was observed throughout KARACHI, Larkana, Kambar-Shahdakdot, Shikarpur,...

Published 04 Dec, 2023 05:35am

People donate generously at SKMCH fundraising event

KARACHI: At a fund-raising event organised in DHA City Karachi, a large number of supporters donated generously for...

Published 04 Dec, 2023 05:35am

Governor, CM felicitate people on ‘Sindhi Culture Day’

KARACHI: Sindh Governor Mohammed Kamran Khan Tessori and Sindh Caretaker Chief Minister former Justice Maqbool Baqar...

Published 04 Dec, 2023 05:35am

Police celebrate ‘Sindhi Culture Day’

KARACHI: Sindh Police on Sunday celebrated “Sindhi Cultural Day” with fervour and enthusiasm at the Central...

Published 04 Dec, 2023 05:35am

Leader’s dilemma: exclusivity versus inclusivity

The tremors of the post pandemic Covid shakeup are still reverberating in the corporate corridors. The world ...

Published 04 Dec, 2023 05:35am

Letters

PTI’s prospects

Not only has Pakistan Tehreek-e-Insaf (PTI) successfully conducted intra-party elections within 20 days to...

Published 04 Dec, 2023 05:35am

PKR’s performance

Fitch Solutions Co. was as quoted by Bloomberg as saying that the PKR would drop as low as 350 by the end of 2024....

Published 04 Dec, 2023 05:35am

Discos: the tug-of-war is anything but respectable

The power sector circular debt is growing unabated despite successive increases in power tariffs and much-hyped ...

Published 04 Dec, 2023 05:35am

A revisit of trade components critical

Exports fuel domestic productivity and therefore employment and at the same time constitute the most desired form of...

Published 04 Dec, 2023 05:35am

‘Aalmi Urdu Conference’ urges UN, global powers to help stop growing Israeli aggression

KARACHI: The 16th Aalmi Urdu Conference on Sunday concluded here at the Arts Council of Pakistan Karachi. The...

Published 04 Dec, 2023 05:35am

Int’l Day of Persons with Disabilities: Alkhidmat Foundation arranges nationwide series of events

LAHORE: Alkhidmat Foundation, in conjunction with the International Day of Persons with Disabilities, arranged a...

Published 04 Dec, 2023 05:35am

FIA offloads 9 ‘beggars’ from KSA-bound flight

MULTAN: The Federal Investigation Agency (FIA) on Sunday offloaded nine alleged beggars travelling to Saudi Arabia ...

Published 04 Dec, 2023 05:35am

Developing countries: Pakistan’s stance on climate finance acknowledged at COP28: PM

DUBAI: Caretaker Prime Minister Anwaar Ul Haq Kakar has said that Pakistan had been a strong voice and a proactive...

Published 04 Dec, 2023 05:35am

Delimitation list: CEC to be apprised about reservations

KARACHI: Muttahida Qaumi Movement-Pakistan (MQM-P) has decided to meet Chief Election Commissioner (CEC) Sikandar...

Published 04 Dec, 2023 05:35am

2 Levies’ personnel killed in Duki

DUKI: Two Levies Force personnel were killed in an exchange of fire with a proclaimed offender and his accomplices ...

Published 04 Dec, 2023 05:35am

JI demands a level playing field for all contestants

LAHORE: Chief of Jamaat-e-Islami Sirajul Haq has reiterated the call for providing equal opportunities to every...

Published 04 Dec, 2023 05:35am

Asad Qaiser sent to judicial remand

PESHAWAR: A district and sessions court in Mardan on Sunday sent the PTI leader Asad Qaiser to jail on judicial...

Published 04 Dec, 2023 05:35am

PPP terms PML(N)-MQM alliance ‘ineffective’

KARACHI: Pakistan Peoples Party (PPP) leader Sharjeel Inam Memon has said that his party has no dispute with the...

Published 04 Dec, 2023 05:35am

Ashrafi underscores need for greater interfaith harmony

LAHORE: Special Representative to the Prime Minister on Religious Harmony and the Pakistani Diaspora in Middle East...

Published 04 Dec, 2023 05:35am

Punjab wraps up last national polio drive of 2023

LAHORE: Punjab on Sunday wrapped up its last national polio immunization drive of the year vaccinating millions of...

Published 04 Dec, 2023 05:35am

IK’s manifesto was based on ‘lies’: Khattak

NOWSHERA: Pakistan Tehreek-e-Insaf (Parliamentarians) PTI Chairman Pervez Khattak said on Sunday that the deposed...

Published 04 Dec, 2023 05:35am

KP govt expedites work on computerisation of land records

PESHAWAR: The provincial government has expedited the computerisation and digitisation of land records in the...

Published 04 Dec, 2023 05:35am

UAF inks MoU to professionalise urban horticulture

FAISALABAD: PUM Netherlands senior experts, University of Agriculture Faisalabad and Spurt International have ...

Published 04 Dec, 2023 05:35am

Stocks

Wall Street Week Ahead: Tax-loss selling, ‘Santa rally’ could sway US stocks after November melt-up

NEW YORK: As US stocks sit on hefty gains at the close of a rollercoaster year, investors are eyeing factors that...

Published 04 Dec, 2023 05:35am

Stocks

Nikkei index closes lower

TOKYO: Tokyo’s key Nikkei 225 index ended lower on Friday, with a dearth of fresh market-moving events and some...

Published 04 Dec, 2023 05:35am

Stocks

Most Gulf markets fall on weak oil

DUBAI: Most stock markets in the Gulf ended lower on Sunday, in response to Friday’s fall in oil prices, although...

Published 04 Dec, 2023 05:35am

Stocks

FTSE 100 hits 6-week high as metal miners shine

LONDON: Britain’s FTSE 100 hit a six-week high on Friday boosted by solid gains in metals miners, while markets...

Published 04 Dec, 2023 05:35am

Rates

PKR: only a marginal improvement

KARACHI: The rupee saw marginal improvement in the previous week as it appreciated 0.14% or Re0.40 against the US...

Published 04 Dec, 2023 05:35am

Cotton & Textile

Weekly Cotton Review: Cautious buying causes rate decline

KARACHI: Decline in cotton prices was witnessed due to lack of interest from textile mills. The Spot Rate was ...

Published 04 Dec, 2023 05:35am

Energy

China-based company acquires renewable energy firm

ISLAMABAD: China-based M/s CNNP Rich Energy Co. Ltd strategically invests in Pakistan’s renewable energy sector...

Published 04 Dec, 2023 05:35am

Energy

Lesco says Lahore Metro Bus administration ‘found involved in power theft’

LAHORE: The Lahore Electric Supply Company (Lesco) has found the Lahore Metro Bus administration involved in...

Published 04 Dec, 2023 05:35am

Energy

Grid system operation: NTDC completes project thru cooperation from JICA

LAHORE: The National Transmission and Despatch Company Limited (NTDC) has successfully completed the project for...

Published 04 Dec, 2023 05:35am

Energy

FESCO reduces ‘size’ of electricity bill

FAISALABAD: On the instructions of Chairman FESCO BOD Malik Tehseen Awan, FESCO administration has reduced the size...

Published 04 Dec, 2023 05:35am

FBR reforms: it’s never too late to do something

EDITORIAL: Reforming the Federal Board of Revenue (FBR) has become a hot topic again. The caretaker finance minister...

Published 04 Dec, 2023 05:35am

Provinces on board for drug pricing?

EDITORIAL: ECC (Economic Coordination Committee) of the Cabinet should be appreciated for directing MNHSR&C...

Published 04 Dec, 2023 05:35am

Commodities

Prices of essential food items show upward trend

PESHAWAR: Prices of essential food commodities including live chicken/meat, vegetables, sugar, flour, pulses and...

Published 04 Dec, 2023 05:35am

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 04 Dec, 2023 05:35am

Money & Banking

Powell says Fed to move ‘carefully’ on interest rates

ATLANTA: The risks of the Federal Reserve moving too far with interest rate hikes, and slowing the economy more than...

Published 04 Dec, 2023 05:35am

Euro zone corporate lending contracts as economy shrinks

FRANKFURT: Bank lending to businesses across the euro zone fell for the first time since 2015 last month, data from...

Published 04 Dec, 2023 05:35am

Vietnam lays out $15.5bn energy transition plan

HANOI: Vietnam has laid out a $15.5 billion dollar blueprint to transition away from coal power, but...

Published 04 Dec, 2023 05:35am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday December 03, 2023

Published 04 Dec, 2023 05:35am

National Assembly seats reduced by six

ISLAMABAD: Amidst accusations from some quarters of using a controversial exercise to redraw the voting map to...

Updated 04 Dec, 2023 08:46am

PM explains Pakistan’s climate challenge: It’s ‘primarily a water challenge’, needing attention

Says climate challenge needs immediate action

Updated 04 Dec, 2023 10:00am

Rates

PSX hits new highest-levels

KARACHI: Pakistan Stock Exchange continued with its upward rally and hit new highest ever levels during the outgoing...

Published 04 Dec, 2023 05:35am

Rates

Futures spread up 931bps

KARACHI: The futures spread increased by 931bps to 22.89 percent on the last day of the outgoing week. Trading...

Published 04 Dec, 2023 05:35am

Global regulators propose tougher scrutiny of voluntary carbon markets

LONDON: A global securities watchdog proposed 21 safety measures on Sunday to improve integrity, transparency and...

Updated 04 Dec, 2023 09:56am

Govt bans issuance of LOIs for hydropower projects

ISLAMABAD: The federal government has reportedly slapped a ban on issuance of Letters of Interest (LoIs) for...

Updated 04 Dec, 2023 11:44am

Expulsion of illegal Afghans: Three top US officials set to visit country

ISLAMABAD: Weeks after Pakistan sent a large number of illegal Afghan immigrants back to their crisis-wracked...

Updated 04 Dec, 2023 08:51am

Getting NSC a must for transfer of KE shares

ISLAMABAD: The Ministry of Law and Justice has held that National Security Certificate (NSC) is obligatory for...

Updated 04 Dec, 2023 09:55am

Israeli bombing of Gaza intensifies

GAZA/CAIRO: Israeli forces bombed wide areas of the Gaza Strip on Sunday, killing and wounding dozens of...

Updated 04 Dec, 2023 08:46am

Aspen chooses NY over London for $4bn IPO: FT

LONDON: Aspen Insurance is targeting its $4 billion initial public offering next year in New York instead of London...

Updated 04 Dec, 2023 08:47am

Houthis target two Israeli ships in Red Sea

SANAA: Yemen’s Iran-backed Huthi rebels on Sunday said they had attacked two ships off the Yemeni coast, adding the...

Updated 04 Dec, 2023 08:47am

Paris attack leaves German tourist dead and two hurt

PARIS: A German tourist died and two other people, including a British citizen, were hurt after an attack by a man...

Updated 04 Dec, 2023 08:46am

Investment modalities: Consensus reached with KSA

ISLAMABAD: Islamabad and Riyadh on Sunday reached a consensus on investment modalities, paving the way for...

Updated 04 Dec, 2023 11:44am

Tyre maker Michelin to shut factories in Germany

FRANKFURT: French tyre manufacturer Michelin said Tuesday it will close two factories and cut more than 1,500 jobs ...

Published 04 Dec, 2023 05:35am

Money & Banking

Banks could face rules on climate risk reporting

BASEL (Switzerland): The international bank regulatory body on Wednesday launched a process to develop rules for...

Published 04 Dec, 2023 05:35am

Money & Banking

China’s yuan eases

SHANGHAI: China’s yuan eased against the dollar on Friday following weaker guidance from the central bank, which...

Published 04 Dec, 2023 05:35am

Money & Banking

Canadian dollar climbs to 2-month high

TORONTO: The Canadian dollar strengthened to a two-month high against its US counterpart on Friday as domestic data...

Published 04 Dec, 2023 05:35am

Money & Banking

Most Latin American stocks, currencies steady

BRASILIA: Most Latin American stocks and currencies rose on Friday, extending November’s rally, while Brazil’s...

Published 04 Dec, 2023 05:35am

Money & Banking

Indian rupee posts best day in 2 weeks

MUMBAI: The Indian rupee closed stronger on Friday and posted its best daily performance in two weeks aided by ...

Published 04 Dec, 2023 05:35am

Industry

Industries in Sindh: KPTMA supports strike call

PESHAWAR: Khyber Pakhtunkhwa Textile Mills Association (KPTMA) has announced a strike on Monday (today) to express...

Published 04 Dec, 2023 05:35am

Money & Banking

CEO & President HBL MfB receives Best Microfinance Bank Award

ISLAMABAD: HBL Microfinance Bank (HBL MfB) has won the ‘Best Microfinance Bank’ award at the Pakistan Banking...

Published 04 Dec, 2023 05:35am

Industry

Zaitoon Group signs MoU with Rafi Peer Group

KARACHI: In a groundbreaking moment for both organizations and under the visionary leadership of COO Zaitoon Group,...

Published 04 Dec, 2023 05:35am

There’s visible improvement in economy: Zahid

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

Published 04 Dec, 2023 05:35am

Money & Banking

BoK partners with BPC to enable its 3-D Secure ACS

PESHAWAR: Bank of Khyber (BoK) has partnered with BPC to enable its 3-D Secure Access Control Server (ACS) for its...

Published 04 Dec, 2023 05:35am

LTO Islamabad refunds Rs2bn to IESCO

ISLAMABAD: Large Taxpayer Office (LTO) Islamabad has refunded an amount of Rs 2 billion to the Islamabad Electric...

Published 04 Dec, 2023 05:35am

Industry

Gwadar Airport: CAA issues new flight operation schedule

KARACHI: The Civil Aviation Authority (CAA) has issued a new three-month flight operation schedule for Gwadar...

Published 04 Dec, 2023 05:35am

Peshawar to Karachi: Traders demand restoration of cargo train

PESHAWAR: Members of the business community have demanded of the federal government to restore the export cargo ...

Published 04 Dec, 2023 05:35am

Industry

FPCCI elections: Sheikh says various chambers, trade bodies have announced support for BMP

LAHORE: A large number of chambers of various cities, trade groups and industrial associations from across the...

Published 04 Dec, 2023 05:35am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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