News Archives for Print - 2024-02-12

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Print - 2024-02-12

Four Emirati soldiers, Bahraini officer killed in Somalia attack

DUBAI: Four Emirati soldiers and a Bahraini officer were killed following an attack in Somalia, where they were...

Published 12 Feb, 2024 06:26am

The Weather

KARACHI: The weather report on Sunday (February 11, 2024) and the forecast for Monday (February 12, 2024)....

Published 12 Feb, 2024 06:26am

45th Anniversary of Islamic Revolution in IRAN: Message from Hassan Nourian, Consul General of the Islamic Republic of Iran in Karachi

The Iranian nation is observing the 45th anniversary of the victory of the Islamic Revolution which is considered ...

Published 12 Feb, 2024 06:26am

Europe

Greta Thunberg joins banned French anti-motorway protest

SAÏX, (France): Climate activist Greta Thunberg Saturday joined a banned anti-motorway protest where police had...

Published 12 Feb, 2024 06:26am

EU council president denounces Trump’s ‘reckless’ NATO threat

BRUSSELS: Donald Trump’s threat to stop defending NATO countries that fall short of spending commitments if...

Published 12 Feb, 2024 06:26am

King Charles attends church in first public outing since cancer diagnosis announced

SANDRINGHAM, (England): Britain’s King Charles attended church on Sunday in his first public outing since...

Published 12 Feb, 2024 06:26am

Palestinian refugees in West Bank fear UNRWA closure

JERUSALEM: In refugee camps in the Israeli-occupied West Bank, Palestinians relying on the UN agency UNRWA for...

Published 12 Feb, 2024 06:26am

US military strikes more missiles in Yemen

WASHINGTON: The US military said Sunday it had struck more devices and missiles in Huthi-controlled areas of Yemen...

Published 12 Feb, 2024 06:26am

SCF signs LoU with Sindh govt on training of 3,000 women cotton workers

HYDERABAD: Sindh Community Foundation has signed Letter of Understanding with Directorate of Literacy and Non Formal...

Published 12 Feb, 2024 06:26am

‘Pakistan is capable of becoming AI development hub in South Asia’

BEIJING: Dr Wu Jun, the Director of CPInS Lab Sunday said that Pakistan through further cooperation with China, was...

Published 12 Feb, 2024 06:26am

Trump threatens to ‘encourage’ attack of NATO members behind on payments

WASHINGTON: White House hopeful Donald Trump said on Saturday he would “encourage” Russia to attack members of...

Published 12 Feb, 2024 06:26am

US judge orders Elon Musk to testify in SEC’s Twitter probe

NEW YORK: A federal judge ordered Elon Musk to testify again in the US Securities and Exchange Commission’s probe...

Published 12 Feb, 2024 06:26am

Iran marks Islamic revolution with demand to expel Israel from UN

TEHRAN: Iran marked 45 years since its Islamic revolution with a ceremony Sunday in which President Ebrahim Raisi...

Published 12 Feb, 2024 06:26am

Thousands in Morocco protest ties with genocidal Israel

RABAT: Thousands of Moroccans on Sunday again took to the streets of their capital to call for an end to their...

Published 12 Feb, 2024 06:26am

Lahore Qalandars gearing up for 9th edition of HBL-PSL

LAHORE: HBL Pakistan Super League (PSL), a marquee fixture in Pakistan’s cricketing calendar, has captured the...

Published 12 Feb, 2024 06:26am

Political manoeuvring in Balochistan: Key players vie for CM’s seat

QUETTA: Balochistan’s political landscape simmers with contrasting scenes following the Thursday’s general...

Published 12 Feb, 2024 06:26am

Out-of-school children and street kids: Saylani Trust launches ‘Umeed Ki Kiran’ project

KARACHI: The non-profit Saylani Welfare International Trust has announced the launching of its new project “Umeed...

Published 12 Feb, 2024 06:26am

Need for formation of broad-based national govt stressed

KARACHI: Regretted that the widening political polarization following the results of the general election, Pasban...

Published 12 Feb, 2024 06:26am

DC Murree urges tourists to follow traffic rules

RAWALPINDI: Deputy Commissioner (DC) Murree, Agha Zaheer Abbas Shirazi has urged the tourists to strictly abide by...

Published 12 Feb, 2024 06:26am

Election duties: Commissioner seeks data of absent employees

KARACHI: Following the conclusion of the general elections 2024, the Karachi commissioner sought the government...

Published 12 Feb, 2024 06:26am

ASI among six killed in Naudero

ISLAMABAD: Six people were killed and five injured on Sunday in a firing incident between two groups near Nodero...

Published 12 Feb, 2024 06:26am

Lahore ranks 5th in global air pollution ranking

LAHORE: The provincial metropolis was the 5th most polluted place in the world on Sunday. According to the ...

Published 12 Feb, 2024 06:26am

Seven hurt as fire erupts at hospital

KARACHI: Seven persons sustained burn injuries as a fire broke out in the emergency centre of Sindh Government...

Published 12 Feb, 2024 06:26am

Punjab govt releases Rs88.6m for nursing college & hostel

LAHORE: The Punjab government has released a total amount of funds Rs. 88.6 millions for the reconstruction and...

Published 12 Feb, 2024 06:26am

PPP gets 84 PA seats, can easily form govt in Sindh

KARACHI: Pakistan People’s Party (PPP) has bagged a record 84 general seats of the Sindh Assembly as per ...

Published 12 Feb, 2024 06:26am

PPP MNA arrested

HYDERABAD: A newly-elected member of the National Assembly belonging to Pakistan Peoples Party (PPP) from NA-227 in...

Published 12 Feb, 2024 06:26am

45th anniversary of Islamic Revolution of Iran observed

KARACHI: Celebration of 45th anniversary of Islamic Revolution of Iran and the grand ceremony of the National Day ...

Published 12 Feb, 2024 06:26am

852kg of hashish seized in Gwadar

GWADAR: The Anti-Narcotics Force (ANF) while conducting an intelligence-based operation recovered 852 kg of hashish...

Published 12 Feb, 2024 06:26am

CM visits P&SHC Dept, inaugurates ‘Sehat Zindagi’

LAHORE: Chief Minister Punjab Mohsin Naqvi paid a visit to the Primary and Secondary Healthcare Department located ...

Published 12 Feb, 2024 06:26am

Religious places: Extensive security measures taken

LAHORE: Police has taken extensive security measures to ensure the protection of attendees coming for religious...

Published 12 Feb, 2024 06:26am

LESCO detects 484 power pilferers

LAHORE: Lahore Electric Supply Company (LESCO) has detected a total of 484 connections from where the customers were...

Published 12 Feb, 2024 06:26am

Zardari, Bilawal hold meeting at Lahore airport

LAHORE: Chairman of the Pakistan People’s Party (PPP), Bilawal Bhutto Zardari, and chairman of the Pakistan...

Published 12 Feb, 2024 06:26am

IG Punjab praises DG Khan police’s performance

LAHORE: Inspector General Police Punjab Dr. Usman Anwar encouraged DG Khan Police team for excellent performance in...

Published 12 Feb, 2024 06:26am

Asma Jahangir’s death anniversary marked

LAHORE: The sixth death anniversary of iconic human rights advocate Asma Jahangir was observed across the country on...

Published 12 Feb, 2024 06:26am

Bilawal pays tribute to Asma Jahangir

ISLAMABAD: Chairman Pakistan People’s Party (PPP) Bilawal Bhutto Zardari has paid glowing tribute to Asma Jahangir...

Published 12 Feb, 2024 06:26am

PTI-backed ‘Independents’ win big in KP

PESHAWAR: Independents backed by the Pakistan Tehreek-e-Insaf (PTI) got the majority of seats in the Khyber...

Published 12 Feb, 2024 06:26am

Daesh terrorist killed in KP

ISLAMABAD: The security forces killed a high-value target, Surat Gul aka Saifullah, of Daesh in an ...

Published 12 Feb, 2024 06:26am

PTI holds protests in twin cities

ISLAMABAD: The supporters and independent candidates backed by Pakistan Tehreek-e-Insaf (PTI) on Sunday staged...

Published 12 Feb, 2024 06:26am

Will opt for opposition if Bilawal does not become PM: PPP

LAHORE: Pakistan Peoples Party (PPP) leader Faisal Karim Kundi asked his party leadership to opt for opposition if...

Published 12 Feb, 2024 06:26am

Country still in the throes of political turmoil

ISLAMABAD: Police warned Sunday they would come down hard on illegal gatherings after the party of jailed former...

Published 12 Feb, 2024 06:26am

PML-N, MQM-P agree to continue talks on future roadmap

LAHORE: The Pakistan Muslim League-Nawaz (PML-N) and Muttahida Qaumi Movement (MQM) have agreed on political...

Published 12 Feb, 2024 06:26am

PPP to discuss PML-N offer in its CEC meeting

LAHORE: Pakistan Peoples Party (PPP) leadership has decided to put the PML-N offer before the Central Executive...

Published 12 Feb, 2024 06:26am

ANP’s Aimal Wali rejects poll results, demands vote recount

PESHAWAR: Awami National Party (ANP) has rejected the results of general elections and described it the worst...

Published 12 Feb, 2024 06:26am

Nawaz-Shujaat meeting delayed till next week

LAHORE: The meeting between Pakistan Muslim League–Nawaz (PML-N) supremo Nawaz Sharif and Pakistan Muslim...

Published 12 Feb, 2024 06:26am

Stocks

Tokyo’s Nikkei inches up at close

TOKYO: Tokyo’s benchmark Nikkei index closed slightly higher on Friday, supported by gains from SoftBank Group,...

Published 12 Feb, 2024 06:26am

Stocks

Most Gulf markets in black on Fed rate cut bets

DUBAI: Most stock markets in the Gulf ended higher on Sunday, as US inflation data raised expectations of an ...

Published 12 Feb, 2024 06:26am

Stocks

UK stocks fall for second week

LONDON: UK stocks fell on Friday after a drop in Legal and General Group dragged the life insurance sector lower,...

Published 12 Feb, 2024 06:26am

Stocks

Wall Street Week Ahead: Market breadth suggests narrowing rally as S&P 500 hits records

NEW YORK: As the S&P 500 has soared to fresh highs, fewer stocks have been participating in the rally, stirring...

Published 12 Feb, 2024 06:26am

Unraveling the lipstick effect truth

Let’s get ourselves familiarized with the lipstick effect. It happens during the times of economic downturns and...

Updated 12 Feb, 2024 05:46pm

Letters

Solution lies with Nawaz Sharif

How ironic it is that a Pakistan Tehreek-e-Insaf (PTI)-backed candidate who owes his success to party founder Imran...

Published 12 Feb, 2024 06:26am

Navigating through political turmoil, uncertainty

The public at large has spoken, as independents backed by Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) have emerged...

Published 12 Feb, 2024 06:26am

Lack of economics behind politics

The marriage between politics and economics is well established globally though in Pakistan political parties’...

Published 12 Feb, 2024 06:26am

Many ‘heavyweights’ taste unexpected defeats in KP

PESHAWAR: The results of the General Election 2024 have surprised everyone because many major political parties from...

Published 12 Feb, 2024 06:26am

Taxes

Fiscal trajectory: Expert underscores role of taxation

PESHAWAR: Muhammad Umair Zeb, a leading tax expert has underscored the pivotal role of taxation in shaping the...

Published 12 Feb, 2024 06:25am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday February 12, 2024

Published 12 Feb, 2024 06:25am

Abu Dhabi Dialogue brings under focus issues pertaining to labour mobility, women’s jobs: envoy

ISLAMABAD: Pakistan’s Ambassador to the United Arab Emirates (UAE) Faisal Niaz Tirmizi on Sunday while ...

Published 12 Feb, 2024 06:25am

KPRA asked to meet revenue target

PESHAWAR: Khyber Pakhtunkhwa’s caretaker Minister for Finance, Revenue and Excise Ahmed Rasul Bangash directed...

Published 12 Feb, 2024 06:25am

Industry

FPCCI demands cost-effective, expanded rail cargo services

KARACHI: Atif Ikram Sheikh, President FPCCI, has demanded that Pakistan railways should offer reliable,...

Published 12 Feb, 2024 06:25am

Cotton & Textile

Weekly Cotton Review: Prices continue to rise amid lacklustre business conditions

KARACHI: Cotton prices continued to rise during the previous week amid a limited business volume. There has been a...

Published 12 Feb, 2024 06:25am

PBC makes some fair points

EDITORIAL: It’s unfortunate that Pakistan Business Council’s (PBC’s) recommendations about generating fairer...

Published 12 Feb, 2024 06:25am

The challenge ahead

EDITORIAL: As the dust begins to settle on what has proved to be a very closely contested general election, the...

Published 12 Feb, 2024 06:25am

Commodities

Prices of essential food items in retail market remain high

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

Published 12 Feb, 2024 06:25am

Money & Banking

C$ retreats from 1-week high

TORONTO: The Canadian dollar edged lower against its US counterpart on Friday as domestic employment data showed ...

Published 12 Feb, 2024 06:25am

Money & Banking

Australia dlr in doldrums, kiwi climbs on RBNZ rate risk

SYDNEY: The Australian dollar was heading toward a fourth straight week of losses on Friday as concerns about...

Published 12 Feb, 2024 06:25am

Money & Banking

Indian rupee weakens on dollar demand

MUMBAI: The Indian rupee ended weaker on Friday, pressured by dollar demand from importers, including local oil...

Published 12 Feb, 2024 06:25am

BP bags bumper 2023 profits, rewards investors

LONDON: British energy giant BP logged multi-billion-dollar annual profits Tuesday despite lower oil prices and...

Published 12 Feb, 2024 06:25am

As China woes mount, investment banks brace for more Asia job cuts

HONG KONG: Job cuts at western investment banks in Asia are expected to increase this year as revenue pressures rise...

Published 12 Feb, 2024 06:25am

US, UK ship investors hit by soaring Red Sea insurance

LONDON: War underwriters have raised the premiums they charge to US, British and Israeli firms by as high as 50% for...

Published 12 Feb, 2024 06:25am

IMF says Mideast growth to slow in 2024 on oil cuts, Gaza

DUBAI: The International Monetary Fund said on Sunday Middle East economies were lagging below growth projections ...

Published 12 Feb, 2024 06:25am

Digital economy promotion: Roadmap prepared for next govt: minister

ISLAMABAD: Caretaker Federal Minister for Information Technology and Telecommunication Dr. Umar Saif has said that...

Published 12 Feb, 2024 06:25am

Rates

PKR makes small gains

KARACHI: The rupee gained marginally during the shortened previous week as it appreciated Re0.13 or 0.04% against ...

Published 12 Feb, 2024 06:25am

Transfer of power: Solangi says there was a procedure

ISLAMABAD: Caretaker Minister for Information, Broadcasting and Parliamentary Affairs Murtaza Solangi on Sunday said...

Updated 12 Feb, 2024 08:41am

Global transport of goods: Red Sea crisis causing severe disruptions

LONDON: The International Maritime Organization (IMO) is working “tirelessly” to solve the Red Sea crisis, which is...

Updated 12 Feb, 2024 08:39am

UN agency says aid shipment blocked in Israeli port

OCCUPIED JERUSALEM: The main United Nations agency providing aid to Palestinians in Gaza is facing growing...

Updated 12 Feb, 2024 08:38am

Selling imported urea thru local firms: Cabinet approves principles of basket price mechanism

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved principles of basket price...

Updated 12 Feb, 2024 10:10am

Legal opinion sought on transfer of OGDCL shares held with PC

ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) has sought opinion of Law Ministry on a proposal meant to...

Updated 12 Feb, 2024 09:57am

Yemen to receive 2nd $250m tranche of Saudi grant soon

DUBAI: Yemen will receive a second $250 million instalment from a Saudi one-year $1 billion grant on Sunday or...

Updated 12 Feb, 2024 08:40am

Rates

Futures spread up 1020bps

KARACHI: The futures spread increased by 1020bps to 22.38 percent on the last day of the outgoing week. Trading...

Published 12 Feb, 2024 06:25am

Rates

Congratulates people on taking part in the voting process during the general elections

Updated 12 Feb, 2024 10:11am

Industry

PFC delegation leaves for USA

LAHORE: Pakistan Furniture Council (PFC) delegation Sunday left for Las Vegas, USA, to partake in a three-day expo...

Published 12 Feb, 2024 06:25am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 25	280.52
USD PKR Interbank Buying / Mar 25	280.27
USD to Japanese Yen / Mar 25	150.54
USD to Swiss Franc / Mar 25	0.88
Pound Sterling to USD / Mar 25	1.29
Euro to USD / Mar 25	1.08
UK LIBOR % / Mar 24	4.96

Stock	Volume
S&P 500 / Mar 24	5,767.57
Nasdaq / Mar 24	18,188.59
Dow Jones / Mar 24	42,583.32
India Sensex / Mar 25	78,073.97
Tokyo Nikkei / Mar 25	37,780.54
Hang Seng / Mar 25	23,413.58
FTSE 100 / Mar 25	8,684.09
Germany DAX 30 / Mar 25	22,926.46
France CAC40 / Mar 25	8,073.56

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 24	17,085
Petrol/Litre / Mar 25	255.63
Crude Oil USD/Barrel / Mar 25	69.03
Gold 10 Grams PKR / Mar 25	272,462
Gold Spot USD/Ounce / Mar 25	3,017.31
Diesel/Litre / Mar 25	258.64
Cotton US¢/pound / Mar 25	65.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel Indus.(R) / Mar 25 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	2.01 ▲ 1 (99.01%)
Ruby Textile / Mar 25 Ruby Textile Mills Limited(RUBY)	7.01 ▲ 1 (16.64%)
Sec. Inv. Bank / Mar 25 Security Investment Bank Limited(SIBL)	8.99 ▲ 1 (12.52%)
Samba Bank / Mar 25 Samba Bank Limited(SBL)	9 ▲ 0.82 (10.02%)
Leiner Pak Gelat / Mar 25 Leiner Pak Gelatine Limited(LPGL)	100.73 ▲ 9.16 (10%)
Adamjee Life Assur. / Mar 25 Adamjee Life Assurance Company Limited(ALIFE)	25.73 ▲ 2.34 (10%)
United Dist. / Mar 25 United Distributors Pakistan Limited(UDPL)	67.29 ▲ 6.12 (10%)
Crescent Fib. / Mar 25 Crescent Fibres Limited(CFL)	45.70 ▲ 4.14 (9.96%)
Popular Islamic / Mar 25 Popular Islamic Modaraba(PIM)	13.19 ▲ 1.19 (9.92%)
Hussain Industries / Mar 25 Husein Industries Limited(HUSI)	27.30 ▲ 2.43 (9.77%)

Stock	Price
Parmount Sp. / Mar 25 Paramount Spinning Mills Limited(PASM)	3.51 ▼ -0.48 (-12.03%)
Shahtaj Sugar / Mar 25 Shahtaj Sugar Mills Limited(SHJS)	117 ▼ -13 (-10%)
Diamond Ind. / Mar 25 Diamond Industries Limited(DIIL)	27.68 ▼ -3.07 (-9.98%)
Zephyr Textile / Mar 25 Zephyr Textiles Limited(ZTL)	9.50 ▼ -1 (-9.52%)
TPL Life Insur. / Mar 25 TPL Life Insurance Limited(TPLL)	55.02 ▼ -5.74 (-9.45%)
Shahtaj Textile / Mar 25 Shahtaj Textile Limited(STJT)	65.05 ▼ -6.54 (-9.14%)
Sindh Abadgar / Mar 25 Sindh Abadgar's Sugar Mills Limited(SASML)	55 ▼ -5.43 (-8.99%)
Elahi Cot. / Mar 25 Elahi Cotton Mills Limited(ELCM)	138 ▼ -13.03 (-8.63%)
Tri-Star Power / Mar 25 Tri-Star Power Limited(TSPL)	7.24 ▼ -0.66 (-8.35%)
Shield Corp. / Mar 25 Shield Corporation Limited(SCL)	253.90 ▼ -22.98 (-8.3%)

Stock	Volume
Pak Elektron / Mar 25 Pak Elektron Limited(PAEL)	28,623,330 ▲ 0.63
TRG Pak Ltd / Mar 25 TRG Pakistan Limited(TRG)	22,742,574 ▼ -3.59
Cnergyico PK / Mar 25 Cnergyico PK Limited(CNERGY)	19,218,186 ▲ 0.01
Sui South Gas / Mar 25 Sui Southern Gas Company Limited(SSGC)	14,168,002 ▲ 0.18
WorldCall Telecom / Mar 25 Worldcall Telecom Limited(WTL)	11,877,825 ▼ -0.05
Pak Int.Bulk / Mar 25 Pakistan International Bulk Terminal(PIBTL)	11,187,536 ▲ 0.08
Pak Refinery / Mar 25 Pakistan Refinery Limited(PRL)	10,362,407 ▼ -0.12
B.O.Punjab / Mar 25 The Bank of Punjab(BOP)	10,164,053 ▼ -0.21
K-Electric Ltd. / Mar 25 K-Electric Limited(KEL)	10,144,462 ▲ 0
Treet Corp / Mar 25 Treet Corporation Limited(TREET)	8,893,519 ▼ -0.53

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