News Archives for Print - 2024-01-01

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Print - 2024-01-01

‘Implementation of ATIR’s orders’: President rejects appeal of LTO Islamabad

ISLAMABAD: President Arif Alvi has rejected the stance of Large Taxpayer Office (LTO) Islamabad and declared that...

Updated 01 Jan, 2024 09:21am

Expert explains how aquaculture development can contribute to food security

PESHAWAR: The people of Pakistan require food security, jobs and other sources of income generation and best...

Updated 01 Jan, 2024 06:59am

Junaid Khan named Under-19 bowling coach

LAHORE: Former left-arm pacer Junaid Khan has been named Pakistan U-19 bowling coach, following the unavailability ...

Updated 01 Jan, 2024 06:55am

Putin praises army in scaled-back New Year’s address

MOSCOW: President Vladimir Putin praised the Russian army in his New Year’s Eve address Sunday, arguing society ...

Published 01 Jan, 2024 05:40am

COAS reaffirms armed forces’ resolve of serving motherland

ISLAMABAD: Chief of Army Staff General Asim Munir on Sunday reaffirmed Pakistan Armed Forces’ patriotic spirit of...

Updated 01 Jan, 2024 06:54am

Middle East

Drone attack on Iraqi Kurdistan military base

ARBIL, (Iraq): Authorities in Iraqi Kurdistan said Sunday two drones struck a military base used by the autonomous...

Published 01 Jan, 2024 05:40am

Campaigning journalist John Pilger dies aged 84

LONDON: Australian-born investigative journalist and documentary maker John Pilger, known for his support for...

Published 01 Jan, 2024 05:40am

PSCA Annual Performance-2023: 27.5m calls received; 2.5m cases generated

LAHORE: Punjab Safe Cities Authority has issued annual Performance statistics for 2023. The 15 Emergency Helpline...

Updated 01 Jan, 2024 06:58am

LGH principal says quality of services, facilities will improve

LAHORE: Post Graduate Medical Institute and Lahore General Hospital Principal Prof. Al-Fareed Zafar has said that in...

Updated 01 Jan, 2024 06:54am

Asia

Magnitude 4.8 quake hits Indonesia’s West Java; no casualties

JAKARTA: A series of shallow earthquakes hit Indonesia’s West Java province on Sunday with the biggest at ...

Published 01 Jan, 2024 05:40am

Asia

N Korea’s Kim orders military to prepare for possible ‘war’

SEOUL: North Korean leader Kim Jong Un wrapped up the year with fresh threats of a nuclear attack on Seoul and ...

Published 01 Jan, 2024 05:40am

Europe

Ukraine downs drones as Russia retaliates for Belgorod ‘terrorist attack’

KYIV: Kyiv said Sunday it had destroyed 21 of 49 Iranian-made drones fired after Russia vowed to retaliate for what...

Published 01 Jan, 2024 05:40am

Britain’s Big Ben marks 100 years of New Year ‘bongs’

LONDON: London’s Big Ben on Sunday marks the 100th anniversary of its “bongs” to ring in the New Year being...

Published 01 Jan, 2024 05:40am

Asia

Xi says China to consolidate and enhance economic recovery in 2024

BEIJING: President Xi Jinping said on Sunday that China will consolidate and enhance the positive trend of its...

Published 01 Jan, 2024 05:40am

Asia

Xi says ‘reunification’ with Taiwan is inevitable

BEIJING: China’s “reunification” with Taiwan is inevitable, President Xi Jinping said in his New Year’s...

Published 01 Jan, 2024 05:40am

Middle East

More than 4,360 dead in Syria war in 2023: monitor

BEIRUT: More than 4,360 people, including combatants and civilians, were killed in Syria’s civil war in 2023, in...

Published 01 Jan, 2024 05:40am

South Asia

Ex-Modi adviser appointed as India’s new finance panel head

NEW DELHI: The Indian government on Sunday appointed Arvind Panagariya the chairman of new Finance Commission that...

Published 01 Jan, 2024 05:40am

Iran releases Spaniard

MADRID: Iran’s embassy in Spain said Sunday that it had released the last Spanish national detained in the ...

Published 01 Jan, 2024 05:40am

ECP starts receiving appeals against acceptance, rejection of election nominations

ISLAMABAD: The Election Commission of Pakistan (ECP) on Sunday started receiving appeals against the acceptance or...

Updated 01 Jan, 2024 12:21pm

Brazil unveils tax benefits for firms to boost investments

SAO PAULO: Brazil’s Vice President Geraldo Alckmin on Sunday unveiled government measures aimed at providing...

Published 01 Jan, 2024 05:40am

Bilawal arrives in Lahore

LAHORE: Former foreign minister and Pakistan Peoples’ Party (PPP) Chairman Bilawal Bhutto Zardari will arrive in...

Published 01 Jan, 2024 05:40am

MQM(P) PML(N) deadlock over seat adjustments persists

KARACHI: Following the meeting between Muttahida Qaumi Movement Pakistan (MQM-P) and Pakistan Muslim League Nawaz...

Published 01 Jan, 2024 05:40am

Sindh Governor promulgates ordinance: Child actors prohibited from working during school hours

KARACHI: Sindh Governor Kamran Tessori has promulgated an ordinance that prohibits child actors from working during...

Published 01 Jan, 2024 05:40am

Karachi Metropolitan Museum will open its doors to visitors in March: mayor

KARACHI: Mayor Karachi Barrister Murtaza Wahab has announced to open the Karachi Metropolitan Museum to the citizens...

Updated 01 Jan, 2024 06:52am

Bid to smuggle cellular phones foiled at JIAK

KARACHI: Pakistan Customs officials deputed at Jinnah International Airport Karachi foiled the smuggling of cellular...

Published 01 Jan, 2024 05:40am

New Year Minister warns against celebratory gunfire

KARACHI: The Caretaker Sindh Minister for Home and Prison, Haris Nawaz on Sunday said that the citizens would not be...

Published 01 Jan, 2024 05:40am

Mayor, deputy mayor felicitate new KPC body

KARACHI: Mayor Karachi Barrister Murtaza Wahab and Deputy Mayor Karachi Salman Abdullah Murad congratulated ...

Published 01 Jan, 2024 05:40am

Hacked Indian Gazette website streaming Pakistani movie

ISLAMABAD: The website of the Indian Gazette has been hacked by hackers who have displayed the Pakistani movie name...

Published 01 Jan, 2024 05:40am

Pakistan’s intractable budget deficit?

Pakistan’s unsustainable budget deficits can be sourced to the never to be satisfied thirst of all ...

Updated 01 Jan, 2024 06:52am

Economy: rent-seeking through revolving doors

In Pakistan, the risk reward mechanism on investment is lopsided, and that is one of the reasons for the low...

Updated 03 Jan, 2024 02:58pm

Seminar on multidisciplinary approach to HIP organised

PESHAWAR: The Department of Obstetrics and Gynecology, Peshawar Medical College (PMC) in collaboration with the...

Updated 01 Jan, 2024 06:53am

Letters

Rejection of nomination papers hurts PTI’s prospects

The latest Election Commission of Pakistan (ECP) decision in relation to Pakistan Tehrik-e-Insaf (PTI) seems to have...

Updated 01 Jan, 2024 06:53am

Upcoming general elections: Rashid says will move courts to thwart ‘any’ disqualification move

ISLAMABAD: Awami Muslim League chief Sheikh Rashid on Sunday said that he would approach the Supreme Court and High...

Updated 01 Jan, 2024 06:51am

Three terrorists killed, soldier martyred at Afghan border

ISLAMABAD: Pakistan once again asked Afghan interim government to deny space to terrorists involved in terrorism in...

Updated 01 Jan, 2024 06:49am

Five terrorists killed in Awaran

ISLAMABAD: As many as five terrorists were killed in an intelligence based operation in general area Mashkai, Awaran...

Updated 01 Jan, 2024 06:49am

Tarar assails Bilawal for contesting elections from NA-127

LAHORE: Pakistan Muslim League-Nawaz (PML-N) leader Attaullah Tarar assailed on Sunday former foreign minister...

Published 01 Jan, 2024 05:40am

Ashrafi for accountability of May 9 rioters

LAHORE: Prime Minister’s Special Representative and Pakistan Ulema Council Chairman Tahir Mehmood Ashrafi demanded...

Published 01 Jan, 2024 05:40am

Another 485 connections removed over gas theft

LAHORE: In a relentless effort to curb gas theft, Sui Northern Gas Pipelines Limited (SNGPL) conducted a series of...

Published 01 Jan, 2024 05:40am

President for taking steps towards stopping genocide in Gaza

ISLAMABAD: President Dr Arif Alvi has urged the international community to take urgent steps for stopping genocide ...

Updated 01 Jan, 2024 06:48am

Minister distances govt from rejection, acceptance of nomination papers

ISLAMABAD: The Caretaker Federal Minister of Information, Murtaza Solangi, has said that the approval or rejection ...

Published 01 Jan, 2024 05:40am

Lahore Zoo: CM reviews up-gradation work

LAHORE: Chief Minister Punjab Mohsin Naqvi paid a detailed visit to the Lahore Zoo. CM reviewed its upgradation work...

Updated 01 Jan, 2024 06:48am

VC UAF spells out varsity’s performance during 2023

FAISALABAD: The University of Agriculture Faisalabad has produced 40 varieties of different crops, vegetables and...

Updated 01 Jan, 2024 06:43am

The Weather

KARACHI: The weather report on Sunday (December 31, 2023) and the forecast for Monday (January 1, 2024)....

Published 01 Jan, 2024 05:40am

Strategic integration for value addition: The path to compete, win, and grow in textile exports

In the evolving Textile Value Chain (TVC) of Pakistan, the key to sustained exports lies in the traceability of the...

Updated 01 Jan, 2024 06:53am

Govt land retrieved by Ombudsman Punjab

LAHORE: A total of 1679 kanals of government land worth more than 10 billion 270 million was retrieved on the orders...

Updated 01 Jan, 2024 06:54am

TTP using the weapons abandoned by US: analysts

ISLAMABAD: The weapons left over by the US forces in Afghanistan are being used by the Tehreek-e-Taliban Pakistan...

Published 01 Jan, 2024 05:40am

Shaheed BB Women varsity, BoK sign MoU

PESHAWAR: Shaheed Benazir Bhutto Women University Peshawar and the Bank of Khyber (BoK) signed a Memorandum of...

Updated 01 Jan, 2024 06:55am

PHA opens Lahore’s first govt-owned bonsai garden

LAHORE: The Parks and Horticulture Authority (PHA) has opened Lahore’s first government-owned bonsai garden...

Updated 01 Jan, 2024 06:55am

2023 extremely challenging year, says businessman

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

Updated 01 Jan, 2024 06:52am

Energy

Punjab faces electricity, gas shortages

LAHORE: Different parts of Punjab including the provincial capital of Lahore are facing electricity and gas...

Published 01 Jan, 2024 05:40am

Cotton & Textile

Weekly Cotton Review: Prices likely to rise on depleting stocks

LAHORE: Previous week saw an increasing trend in the price of quality cotton. However, with every passing day the...

Updated 01 Jan, 2024 06:52am

State of the economy

EDITORIAL: The December Monthly Economic Update and Outlook, uploaded on the Finance Division website, indicates the...

Updated 01 Jan, 2024 06:53am

‘Stark disparities’ in learning

EDITORIAL: ADB (Asian Development Bank) has revealed nothing surprising by stating that “stark disparities” in...

Updated 01 Jan, 2024 06:53am

Stocks

Latam assets edge lower, but set for over 20pc annual gains

BRASILIA: Latin American stocks and currencies were slightly down on Friday but poised for annual gains as investors...

Published 01 Jan, 2024 05:40am

Stocks

Australian shares post best monthly gain in 3 years

SYDNEY: Australian shares closed lower in thin trading on Friday but posted a yearly gain, helped by a rally in...

Published 01 Jan, 2024 05:40am

Stocks

Asian FX higher

MUMBAI: The Indian rupee is expected to open marginally higher on Friday, tracking an uptick in Asian peers on bets...

Published 01 Jan, 2024 05:40am

Stocks

Egyptian bourse registers biggest annual gain since 2016

DUBAI: Most stock markets in the Middle East ended higher on Sunday, with the Egyptian index chalking up its biggest...

Published 01 Jan, 2024 05:40am

Stocks

TSX flat as energy gains offset declines in miners

OTTAWA: Canada’s resource-heavy main stock index was little changed on the final trading day of the year, as...

Published 01 Jan, 2024 05:40am

Stocks

Indian shares, bonds seen rallying in 2024 on continued foreign inflows

MUMBAI: The bull-run in Indian financial markets is likely to continue in 2024 as foreign interest remains robust,...

Published 01 Jan, 2024 05:40am

Stocks

Wall Street Week Ahead: History shows strong 2023 could keep US stocks on path for 2024 gains

NEW YORK: The US stock market’s hefty gains in 2023 could provide a lift for equities next year, if history is any...

Published 01 Jan, 2024 05:40am

Singapore economy grows 1.2pc in 2023: PM Lee

SINGAPORE: Singapore’s economy avoided a recession and expanded 1.2 percent in 2023, Prime Minister Lee Hsien ...

Published 01 Jan, 2024 05:40am

Reckitt’s Mead Johnson Nutrition recalls baby formula powder from US: FDA

NEW YORK: Reckitt Benckiser Group’s Mead Johnson Nutrition (MJN) is voluntarily recalling select batches of...

Published 01 Jan, 2024 05:40am

Energy

Prices of petrol, HSD kept unchanged

ISLAMABAD: The interim government on Sunday kept the ex-depot prices of petrol and high speed diesel (HSD) unchanged...

Updated 01 Jan, 2024 06:54am

Energy

Power supply to Guddu plant restored

KASHMORE: The supply of electricity to the Guddu Power Plant in district Kashmore, Sindh, which had stopped after a...

Published 01 Jan, 2024 05:40am

UBG will surely address key challenges facing business community: Tanveer

LAHORE: Patron-in-Chief United Business Group S M Tanveer has said that the United Business Group (UBG) has secured...

Updated 01 Jan, 2024 06:59am

HCSTSI expresses concern over non-implementation of CM’s orders

HYDERABAD: President Hyderabad Chamber of Small Traders and Small Industry Muhammad Farooq Shaikhani stated that...

Updated 01 Jan, 2024 07:00am

Commodities

Prices of food items remain high

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

Updated 01 Jan, 2024 06:51am

Taxes

Jul-Dec tax collection: FBR surpasses target

The Federal Board of Revenue creates history by collecting Rs1,021 billion in December

Updated 01 Jan, 2024 09:39am

Performance of Shamshad better than Dar’s, says noted economist

ISLAMABAD: Dr Shamshad Akhtar’s performance as finance minister is “B negative” and her predecessor Ishaq Dar’s is...

Updated 01 Jan, 2024 12:22pm

US strikes kill 10 Houthis attacking ship in Red Sea

HODEIDA, (Yemen): The US military said Sunday its Navy helicopters fired at Iran-backed Houthi rebel boats off Yemen...

Updated 01 Jan, 2024 09:06am

Rates

Futures spread up 410bps

KARACHI: The futures spread increased by 410bps to 14.94 percent on the last day of the outgoing week. Trading...

Updated 01 Jan, 2024 06:42am

Rates

Stocks witness bullish trend

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the last trading week of the year ended on December...

Updated 01 Jan, 2024 06:42am

WWF, WPPF: SRB exceeds target

KARACHI: The Sindh Revenue Board (SRB), regarding the Sindh Workers Welfare Fund (SWWF) and Sindh Workers Profit...

Updated 01 Jan, 2024 09:16am

Suki Kinari hydel project: Delay in power evacuation to attract LDs, govt warned

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives (MoPD&SI) has warned the government...

Updated 01 Jan, 2024 09:38am

Rates

Impressive showing

KARACHI: The rupee extended gains for the seventh consecutive week as it appreciated Re0.67 or 0.23% against the US...

Updated 01 Jan, 2024 06:42am

Idea of establishment of ‘industrial’ park on PSM land under CPEC hailed

KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor here Sunday said that the best option is to revive the...

Updated 01 Jan, 2024 09:08am

Sukkur-Hyderabad Motorway project hits snags

ISLAMABAD: The National Highway Authority (NHA) terminated the concession agreement with M/s Techno-CMC (TECMC)...

Updated 01 Jan, 2024 01:04pm

Rs60m approved for KP Medical Transplantation Regulatory Authority

PESHAWAR: The caretaker provincial cabinet approved Rs60 million for Khyber Pakhtunkhwa Medical Transplantation...

Updated 01 Jan, 2024 09:26am

SIFC wants to know if Aramco’s interest in refinery project persists

AC also directs Petroleum Division to assess investment interest of other parties also in the project

Updated 01 Jan, 2024 12:55pm

Rates

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Sunday (December...

Published 01 Jan, 2024 05:40am

Energy

K-Electric loadshedding regime remains largely unchanged

KARACHI: K-Electric loadshedding schedules are reviewed and updated quarterly in line with loss profiles of areas....

Updated 01 Jan, 2024 06:44am

Commodities

Prices of dry fruit soar in Multan

MULTAN: The prices of dry fruits gone up with the increase in cold weather as 25 to 30 percent rates high this year....

Published 01 Jan, 2024 05:40am

BMP underscores need for revisiting economic policies

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has stressed the...

Updated 01 Jan, 2024 06:51am

Industry

New MG electric vehicles unveiled

PESHAWAR: President Sarhad Chamber of Commerce and Industry Fuad Ishaq unveiled new electric vehicles introduced by...

Updated 01 Jan, 2024 06:59am

Industry

Minister greets UBG for victory in FPCCI polls

ISLAMABAD: Caretaker Federal Minister for Commerce and Industries Dr Gohar Ejaz felicitated the United Business ...

Updated 01 Jan, 2024 06:44am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 6	281.43
USD PKR Interbank Buying / May 6	281.23
USD to Japanese Yen / May 6	143.80
USD to Swiss Franc / May 6	0.82
Pound Sterling to USD / May 6	1.33
Euro to USD / May 6	1.13
UK LIBOR % / May 2	4.96

Stock	Volume
S&P 500 / May 5	5,650.38
Tokyo Nikkei / May 5	36,830.69
Nasdaq / May 5	17,844.24
Dow Jones / May 5	41,218.83
India Sensex / May 6	80,548.72
Hang Seng / May 6	22,677.57
FTSE 100 / May 6	8,609.62
Germany DAX 30 / May 6	23,276.83
France CAC40 / May 6	7,711.31

Item	Value
Karachi Cotton PKR/37.32 KG / May 5	16,985
Gold 10 Grams PKR / May 5	300,068
Petrol/Litre / May 6	252.63
Crude Oil USD/Barrel / May 6	57.98
Gold Spot USD/Ounce / May 6	3,361.22
Diesel/Litre / May 6	256.64
Cotton US¢/pound / May 6	68.15

Gainers
Losers
Leaders

Stock	Price
Invest Bank / May 6 Invest Capital Investment Bank Limited(ICIBL)	1.50 ▲ 0.2 (15.38%)
First Fid. Leasing / May 6 First Fidelity Leasing Modaraba(FFLM)	2.34 ▲ 0.3 (14.71%)
UDL International / May 6 UDL International Limited(UDLI)	7.95 ▲ 0.95 (13.57%)
Aruj Industries / May 6 Aruj Industries Limited(ARUJ)	8.76 ▲ 0.98 (12.6%)
Pak Gen.Ins. / May 6 The Pakistan General Insurance Co. Ltd.(PKGI)	9.86 ▲ 1 (11.29%)
Dewan Mushtaq / May 6 Dewan Mushtaq Textile Mills Limited(DMTM)	9.96 ▲ 1 (11.16%)
Dewan Textile / May 6 Dewan Textile Mills Limited(DWTM)	6.42 ▲ 0.62 (10.69%)
First Elite Cap.Mod / May 6 First Elite Capital Modaraba(FECM)	16.89 ▲ 1.54 (10.03%)
Power Cem(Pref) / May 6 Power Cement (Pref)(POWERPS)	16.80 ▲ 1.53 (10.02%)
Olympia Mills / May 6 Olympia Mills Limited(OML)	36.28 ▲ 3.3 (10.01%)

Stock	Price
Reliance Ins. / May 6 Reliance Insurance Company Limited(RICL)	10.49 ▼ -6.31 (-37.56%)
First AL-Noor Mod. / May 6 First Al-Noor Modaraba(FANM)	2.75 ▼ -0.34 (-11%)
At-Tahur Ltd. / May 6 At-Tahur Limited(PREMA)	58.40 ▼ -6.49 (-10%)
Bunnys Limited / May 6 Bunnys Limited(BNL)	28.04 ▼ -3.11 (-9.98%)
Sui South Gas / May 6 Sui Southern Gas Company Limited(SSGC)	36.08 ▼ -3.95 (-9.87%)
Trust Sec.& Brok. / May 6 Trust Securities & Brokerage Limited(TSBL)	11.60 ▼ -1.27 (-9.87%)
Diamond Ind. / May 6 Diamond Industries Limited(DIIL)	21.79 ▼ -2.12 (-8.87%)
Paramount Mod / May 6 First Paramount Modaraba(FPRM)	7.59 ▼ -0.66 (-8%)
Tri-Star Mutual / May 6 Tri-Star Mutual Fund Limited(TSMF)	8.26 ▼ -0.71 (-7.92%)
Leather Up Ltd. / May 6 Leather Up Limited(LEUL)	28.31 ▼ -2.39 (-7.79%)

Stock	Volume
Sui South Gas / May 6 Sui Southern Gas Company Limited(SSGC)	54,325,421 ▼ -3.95
K-Electric Ltd. / May 6 K-Electric Limited(KEL)	42,259,616 ▲ 0.22
Dewan Cement / May 6 Dewan Cement Limited(DCL)	26,185,745 ▼ -0.29
Kohinoor Spining / May 6 Kohinoor Spinning Mills Limited(KOSM)	17,455,731 ▲ 0.35
At-Tahur Ltd. / May 6 At-Tahur Limited(PREMA)	16,513,681 ▼ -6.49
Maple Leaf Cement / May 6 Maple Leaf Cement Factory Limited(MLCF)	15,288,695 ▼ -1.4
D.G.K.Cement / May 6 D.G. Khan Cement Company Limited(DGKC)	11,352,512 ▼ -2.72
WorldCall Telecom / May 6 Worldcall Telecom Limited(WTL)	10,597,193 ▼ -0.01
Power Cement / May 6 Power Cement Limited(POWER)	8,852,134 ▼ -0.51
Pak Refinery / May 6 Pakistan Refinery Limited(PRL)	8,766,270 ▼ -0.03

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