News Archives for Print - 2023-12-18

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Print - 2023-12-18

PCB to conduct female umpires induction course

LAHORE: The Pakistan Cricket Board (PCB) is going to conduct a female umpires induction course at Gaddafi Stadium,...

Published 18 Dec, 2023 06:42am

South Asia

SAARC can alter our region’s development landscape: Nepal PM

LAHORE: “SAARC has enormous potential to alter our region’s development landscape,” stated Prime Minister of...

Published 18 Dec, 2023 06:42am

Middle East

More than 60 feared dead off Libya in latest migrant tragedy

TRIPOLI: At least 61 migrants were missing and presumed dead after their boat sank off Libya’s coast, the...

Published 18 Dec, 2023 06:42am

Asia

Japan, ASEAN agree to boost maritime security cooperation

TOKYO: Southeast Asian and Japanese leaders agreed on Sunday to boost maritime security cooperation in the face of...

Published 18 Dec, 2023 06:42am

Europe

Top US lawmaker ‘very optimistic’ on Ukraine, border deal

WASHINGTON: As US congressional negotiators worked deep into the weekend in a bid to craft an urgent deal linking ...

Published 18 Dec, 2023 06:42am

Middle East

Aid enters Gaza through Israel’s Kerem Shalom crossing for first time in war

JERUSALEM: The Kerem Shalom crossing between Israel and Gaza opened on Sunday for aid trucks for the first time ...

Published 18 Dec, 2023 06:42am

Sri Lanka’s economy returns to growth, led by agriculture

COLOMBO: Sri Lanka’s economy grew by 1.6% in the quarter from July to September, official data showed on Friday, ...

Published 18 Dec, 2023 06:42am

Middle East

Suez canal authority monitoring tensions in Red Sea

DUBAI: Egypt’s Suez canal authority said on Sunday it was closely monitoring the impact of tensions in the Red Sea...

Published 18 Dec, 2023 06:42am

N Korea fires short-range missile, condemns US for raising tensions

SEOUL/TOKYO: North Korea fired a short-range ballistic missile on Sunday, as it condemned US-led military shows of...

Published 18 Dec, 2023 06:42am

Modi calls for probe, not debate, on parliament breach

MUMBAI: Indian Prime Minister Narendra Modi called for a detailed investigation into last week’s major security...

Published 18 Dec, 2023 06:42am

Putin warns of ‘problems’ with Finland after NATO membership

MOSCOW: Russian President Vladimir Putin has warned of “problems” with neighbouring Finland after it joined NATO...

Published 18 Dec, 2023 06:42am

Putin vows to make Russia ‘sovereign, self-sufficient power’

MOSCOW: Russian President Vladimir Putin on Sunday promised to make Russia a “sovereign, self-sufficient” power...

Published 18 Dec, 2023 06:42am

IPP notifies nine more CEC members

RAWALPINDI: The General Secretary of the Istehkam-e-Pakistan Party (IPP) on Sunday appointed nine more members of ...

Published 18 Dec, 2023 06:42am

Hamadan Lahore Open Polo: FG/Din Polo, Newage Cables earn victories

LAHORE: FG/Din Polo and Newage Cables claimed resounding victories in the Hamadan Lahore Open Polo Championship ...

Published 18 Dec, 2023 06:42am

CCF pays rich tributes to APS martyrs

FAISALABAD: The Cadet College Faisalabad (CCF) organized introductory session of media briefing and public awareness...

Published 18 Dec, 2023 06:42am

Latif Khosa joins PTI

LAHORE: Pakistan Peoples’ Party (PPP) disgruntled leader Sardar Latif Khosa on Sunday officially announced to join...

Published 18 Dec, 2023 06:42am

Four killed in shooting outside wedding hall

LAHORE: A man shot dead his ex-wife, her sister, father and brother outside a wedding hall in the Baghbanpura area ...

Published 18 Dec, 2023 06:42am

Feb 8 general elections: Security arrangements reviewed

LAHORE: Provincial Election Commissioner Punjab Saeed Gul along with a delegation visited the Central Police Office...

Published 18 Dec, 2023 06:42am

Anti-encroachment drive to be launched in Lahore

LAHORE: It has been decided to launch a strict crackdown for the elimination of encroachments in Lahore. A 48 hours...

Published 18 Dec, 2023 06:42am

PDP leader demands govt take steps aimed at Dr Aafia’s release

KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor has said that if compared the Indians show more...

Published 18 Dec, 2023 06:42am

PPP KP panel reviews list of candidates

ISLAMABAD: Pakistan People’s Party (PPP) parliamentary board for Khyber Pakhtunkhwa on Sunday reviewed...

Published 18 Dec, 2023 06:42am

Fazl says concerned at country’s ‘weak’ foreign policy

MARDAN: Jamiat-e-Ulema Islam -Fazal (JUI-F) chief Maulana Fazlur Rehman has lamented that international treaties ...

Published 18 Dec, 2023 06:42am

JI says will forge no electoral alliance with PML-N, PPP

ISLAMABAD: Jamaat-e-Islami (JI) Ameer Sirajul Haq declared that his party will not form an alliance with the ...

Published 18 Dec, 2023 06:42am

CPEC: speakers at workshop urge media to counter negative propaganda

ISLAMABAD: Speakers at the training workshop here on Sunday called upon the Pakistani media to engage in objective...

Published 18 Dec, 2023 06:42am

LUMS Energy Institute launches report on energy- efficient buildings

LAHORE: In a milestone event, the LUMS Energy Institute (LEI), a research and capacity building centre with a focus...

Published 18 Dec, 2023 06:42am

ICT: cop, son shot dead

ISLAMABAD: A policeman and his son were shot dead in an apparent armed robbery here on Sunday. The incident took...

Published 18 Dec, 2023 06:42am

‘Mourning day’ on demise of Kuwaiti Emir

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has declared today (Monday) as a day of mourning in Pakistan...

Published 18 Dec, 2023 06:42am

Pakistan condemns attack on Iranian police HQ

ISLAMABAD: Pakistan on Sunday strongly condemned the terrorist attack on Rask Police HQs in the Southeastern region...

Published 18 Dec, 2023 06:42am

Social media platforms face disruption across country

KARACHI: Internet monitor Netblocks has reported a nationwide disruption in social media platforms amid a “virtual...

Published 18 Dec, 2023 06:42am

PM to visit Kuwait today to condole Emir’s death

ISLAMABAD: Caretaker Prime Minister Anwarul Haq Kakar will undertake a one-day visit to Kuwait on Monday (today) to...

Published 18 Dec, 2023 06:42am

Contemporary education: KP to include tech skills as subjects

PESHAWAR: Khyber Pakhtunkhwa Caretaker Minister for Technical Education, Industries, Commerce and Tribal Affairs, ...

Published 18 Dec, 2023 06:42am

MQM leader praises global book fair in Karachi

KARACHI: Convener MQM-Pakistan Dr Khalid Maqbool Siddiqui has said that Karachi International Book Fair is a service...

Published 18 Dec, 2023 06:42am

Lawyers celebrate election victory with gunfire in Karachi

KARACHI: A video of lawyers firing shots in the air to celebrate their victory in the annual elections of the ...

Published 18 Dec, 2023 06:42am

Balochistan’s future linked to fair polls, says Malik

QUETTA: Senior politician and National Party President Dr Abdul Malik Baloch has declared that if the upcoming...

Published 18 Dec, 2023 06:42am

Iran deports 46 Pakistanis

ISLAMABAD: Nearly 46 Pakistani nationals, attempting to enter Europe, were intercepted by Iran and handed over to...

Published 18 Dec, 2023 06:42am

72 complainants get relief on orders of Ombudsman

LAHORE: Due to the efforts of the Ombudsman Punjab, 72 civilians were paid pending dues of pension dues, leave...

Published 18 Dec, 2023 06:42am

Training of DROs, ROs resumes

ISLAMABAD: The Election Commission of Pakistan (ECP) resumed training of its returning officers (ROs) and district...

Published 18 Dec, 2023 06:42am

The Weather

KARACHI: The weather report on Sunday (December 17, 2022) and the forecast for Monday (December 18, 2022)....

Published 18 Dec, 2023 06:42am

Case of getting inadmissible tax refunds: ATIR turns down rectification plea filed by Chinese firm

ISLAMABAD: The Full Bench of the Appellate Tribunal Inland Revenue (ATIR) has imposed costs and dismissed...

Updated 18 Dec, 2023 09:14am

Sindh barrages project faces $72m financial gap

ISLAMABAD: The “Sindh Barrages Improvement Project” of worth $326.6 million is facing financing gap of about $72...

Updated 18 Dec, 2023 07:16am

MoST all set to disband PCRET

ISLAMABAD: The Ministry of Science and Technology (MoST) has prepared a plan to abolish Pakistan Council of...

Updated 18 Dec, 2023 09:32am

Russia eyes additional oil export cuts of about 50,000bpd in Dec

MOSCOW: Russia said on Sunday it would deepen oil export cuts in December by potentially 50,000 barrels per day or...

Updated 18 Dec, 2023 08:35am

French top diplomat calls for ‘immediate and durable’ truce

TEL AVIV: French Foreign Minister Catherine Colonna on Sunday pressed for an “immediate and durable” truce in the...

Updated 18 Dec, 2023 08:35am

Israel strikes Gaza as pressure grows for ceasefire

GAZA STRIP, (Palestinian Territories): Israel kept up deadly strikes on the besieged Gaza Strip on Sunday despite...

Updated 18 Dec, 2023 08:35am

Rates

PSX witnesses mixed trend

KARACHI: Pakistan Stock Exchange witnessed mixed trend during the outgoing week ended on December 15, 2023 as the...

Published 18 Dec, 2023 06:42am

Rates

Futures spread down 105bps

KARACHI: The futures spread declined by 105bps to 23.71 percent on the last day of the outgoing week. Trading...

Published 18 Dec, 2023 06:42am

Middle East

Kuwait’s emir Sheikh Nawaf laid to rest

KUWAIT CITY: Kuwait’s late emir Sheikh Nawaf al-Ahmad Al-Sabah was laid to rest on Sunday at a private funeral...

Published 18 Dec, 2023 06:42am

IPP leader pledges 300 units of power free if voted to power

ISLAMABAD: Istehkam-e-Pakistan Party (IPP) President Abdul Aleem Khan announced that following a victorious election...

Updated 18 Dec, 2023 09:41am

Overseas Pakistanis: Depreciation on used cell phones doubled

ISLAMABAD: The depreciation on the used/ refurbished mobile phones brought into Pakistan by the overseas Pakistanis...

Updated 18 Dec, 2023 09:20am

Rates

Another positive week

KARACHI: The rupee witnessed another positive week as it appreciated Re0.61 or 0.21% against the US dollar in the...

Published 18 Dec, 2023 06:42am

Peshawar-Malam Jabba jeep and bike rally concludes

KARACHI: As winter blankets Swat Valley, tourism experiences a surge, highlighted by the recently concluded two-day...

Published 18 Dec, 2023 06:42am

One killed as water tanker crashes into home

KARACHI: A speedy and out of control water tanker crashed into a home in Glushan Ghazi, Baldia Town on Sunday,...

Published 18 Dec, 2023 06:42am

Energy

KP Energy & Power Dept holds E-Khuli Kachehri

PESHAWAR: On the directives of the caretaker provincial government in order to bring transparency and administrative...

Published 18 Dec, 2023 06:42am

KE maintenance work at North Nazimabad

KARACHI: K-Electric (KE) will be undertaking a critical maintenance activity at North Nazimabad Grid on Monday,...

Published 18 Dec, 2023 06:42am

Body search at airports: Judges, spouses exempted

ISLAMABAD: The Ministry of Aviation has reportedly exempted the serving judges and their spouses from body search at...

Published 18 Dec, 2023 06:42am

Commodities

Peshawar: prices of essential food items remain high

PESHAWAR: Prices of essential food commodities remained unchanged in the local market. According to a survey...

Published 18 Dec, 2023 06:42am

Energy

Work on Balakot HPP in full swing

PESHAWAR: With the cooperation of Chinese engineers, the construction work on 300-MW Balakot Hydropower Project, the...

Published 18 Dec, 2023 06:42am

Cotton & Textile

Weekly Cotton Review: Market sees price stability amid low volume

KARACHI: Stability in the price of quality cotton was seen in previous week, though business volume remained quite...

Published 18 Dec, 2023 06:42am

Energy

Rising gas tariffs: Industrialists mulling setting up biogas plants

KARACHI: Korangi Association of Trade and Industry (KATI) President Faraz-ur-Rehman on Sunday said that considering...

Published 18 Dec, 2023 06:42am

Charter of economy: a non-starter

The concept of all political parties signing off on a charter of the economy has been consistently raised by the...

Updated 18 Dec, 2023 07:03am

Fertilizer: a subsidy for dealers?

For a very long time, the government has been supplying gas at a subsidized rate to fertilizer companies (mainly to...

Updated 18 Dec, 2023 07:03am

Letters

Khosa joins PTI

While it is not known whether or not senior lawyer Latif Khosa’s decision to join a seemingly beleaguered Pakistan...

Published 18 Dec, 2023 06:42am

Why emphasis on export-led growth becomes imperative

In the expansive arena of economic governance, Ludwig von Mises’ profound assertion resonates: “If one rejects...

Published 18 Dec, 2023 06:42am

Stocks

Wall Street Week Ahead: Epic Treasury rally may be running out of fuel as Fed pivot priced in

NEW YORK: A surge in US government bonds has helped lift stocks and heightened investors’ appetite for risk. Now...

Published 18 Dec, 2023 06:42am

Stocks

Tokyo markets end higher

TOKYO: Tokyo stocks ended higher on Friday as investors took heart from rallies on Wall Street. The benchmark ...

Published 18 Dec, 2023 06:42am

Stocks

Sri Lankan shares end lower

BENGALURU: Sri Lankan shares closed lower on Friday, led by losses in industrials and communication services. The ...

Published 18 Dec, 2023 06:42am

Energy

Mohd Amir made FESCO chief

FAISALABAD: Engineer Muhammad Amir has taken over charge of the post of Chief Executive Officer (CEO) Faisalabad...

Published 18 Dec, 2023 06:42am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday December 17, 2023

Published 18 Dec, 2023 06:42am

Property registration in Punjab: Mega WHT evasion scam unearthed

Tax office of Federal Board of Revenue conducts an electronic audit of property registrars in Punjab

Updated 18 Dec, 2023 11:51am

Feasibilities/bankable projects: SIFC to hire top-level consultancy services

ISLAMABAD: The Implementation Committee (IC) of Special Investment Facilitation Council (SIFC) has decided to hire...

Updated 18 Dec, 2023 08:36am

Zee asks Sony’s Indian arm for extension of merger deadline

MUMBAI: India’s Zee Entertainment Enterprises said in a stock exchange filing on Sunday that it had sought a further...

Updated 18 Dec, 2023 08:36am

Key part of global economy wrestling with significant risks

KARACHI: Top risks facing public sector organisations are financial challenges and an inability to meet changing...

Published 18 Dec, 2023 06:42am

Over 5m SMEs receive mere 7pc of private sector credit

LAHORE: Despite the significant importance, over 5 million SMEs has been facing a huge credit gap, receiving only 7%...

Published 18 Dec, 2023 06:42am

SEZ status sought for Mohmand Economic Zone

PESHAWAR: The Chief Executive Officer (CEO), Khyber Pakhtunkhwa Economic Zones Development and Management Company...

Published 18 Dec, 2023 06:42am

Physical verification of vehicles: desk inaugurated at SCCI

PESHAWAR: Sarhad Chamber of Commerce and Industry president Fuad Ishaq and Director Excise and Taxation department...

Published 18 Dec, 2023 06:42am

Industry

Fish production increasing through aquaculture expansion

PESHAWAR: Fishery production in Pakistan is increasing through expansion of aquaculture and its consumption has...

Published 18 Dec, 2023 06:42am

Industry

MoU inked on sale of e-bikes through instalments

ISLAMABAD: An agreement between Pakzon Electric Motors (Pvt) Ltd and Faisal Bank was signed on Sunday for provision...

Published 18 Dec, 2023 06:42am

‘E-Service, digitalisation of SITE Limited & SSIC record’ inaugurated

HYDERABAD: President Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) Muhammad Farooq Shaikhani has...

Published 18 Dec, 2023 06:42am

Dagha inaugurates digitalisation of revenue land, online revenue facilitation centre

KARACHI: Caretaker Minister for Revenue, Industry and Commerce Sindh Muhammad Younus Dagha inaugurated the...

Published 18 Dec, 2023 06:42am

Fitch maintains rating

EDITORIAL: Fitch has maintained Pakistan’s rating at CCC positive — a rating that has been stable since 10 July...

Published 18 Dec, 2023 06:42am

Investment visas

EDITORIAL: SIFC (Special Investment Facilitation Council) is in the news again, like it’s often been over the last...

Published 18 Dec, 2023 06:42am

Money & Banking

Indian rupee posts best day in over 8 months aided by dollar inflows

MUMBAI: The Indian rupee posted its biggest single-day gain in more than eight months on Friday amid heavy dollar...

Published 18 Dec, 2023 06:42am

Money & Banking

Yuan hovers at six-month high

SHANGHAI: China’s yuan hovered at a six-month high against an easing dollar on Friday, as some exporters rushed to...

Published 18 Dec, 2023 06:42am

Money & Banking

Rouble eases after rate hike

MOSCOW: The Russian rouble gave up early gains to weaken on Friday after the central bank raised interest rates by ...

Published 18 Dec, 2023 06:42am

Money & Banking

Australia, NZ dlrs hold near 4-1/2 month highs

SYDNEY: The Australian and New Zealand dollars stood near their 4-1/2 month highs on Friday, drawing partial support...

Published 18 Dec, 2023 06:42am

Latam assets down on ‘hangover’ after dovish Fed

Money & Banking

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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