News Archives for Print - 2024-02-17

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Print - 2024-02-17

Lahore Qalandars v/s Islamabad United: HBL-PSL 9 starts today at Qadhafi Stadium

LAHORE: The ninth edition of the HBL-PSL is all set to commence on Saturday (today), when two-time champions (2022...

Published 17 Feb, 2024 05:51am

Judge fines Trump $355m, banned from running NY businesses for 3 years

NEW YORK: Donald Trump must pay $354.9 million in penalties for fraudulently overstating his net worth to dupe...

Published 17 Feb, 2024 05:51am

UK Conservatives suffer double election defeat to Labour

WELLINGBOROUGH, (United Kingdom): Britain’s ruling Conservatives lost two more parliamentary seats to Labour in...

Published 17 Feb, 2024 05:51am

Congress says bank accounts frozen over $25m tax demand

NEW DELHI: India’s main opposition Congress party said on Friday its bank accounts had been frozen over a 2.1...

Published 17 Feb, 2024 05:51am

Two dead in shooting in southern Israel

KIRYAT MALAKHI, (Israel): A gunman killed two people Friday at a bus stop in southern Israel, authorities said,...

Published 17 Feb, 2024 05:51am

Top Kremlin critic Navalny dies in prison

MOSCOW: The Kremlin’s most prominent critic Alexei Navalny died Friday in an Arctic prison, said Russian...

Published 17 Feb, 2024 05:51am

South Asia

Two killed after fresh clashes in Indian state

NEW DELHI: Two people were shot dead in India’s restive northeast when a mob attempted to storm a police building,...

Published 17 Feb, 2024 05:51am

CEC’s resignation demanded: ECP busy de-seating our candidates on flimsy grounds: PTI

ISLAMABAD: The core committee of Pakistan Tehreek-e-Insaf (PTI) on Friday alleged that the Election Commission of...

Published 17 Feb, 2024 05:51am

‘Vote rigging’: JI observes ‘black day’

KARACHI: Reeling from the hotly fought election marred by rigging allegations marred, Jamaat-e-Islami on Friday...

Published 17 Feb, 2024 05:51am

Cypher, Toshakhana cases: IK, Bushra challenge their sentences

ISLAMABAD: Founder of Pakistan Tehreek-e-Insaf (PTI) Imran Khan and his wife Bushra Bibi challenged their sentences...

Published 17 Feb, 2024 05:51am

NA-15: ECP admits Nawaz’s fresh plea for hearing

ISLAMABAD: A day after rejecting PML-N supremo Nawaz Sharif’s petition alleging foul play in the general elections...

Published 17 Feb, 2024 05:51am

PML-N blames PTI for ‘digital terrorism’

LAHORE: Pakistan Muslim League-Nawaz (PML-N) leader Attaullah Tarar has blamed the Pakistan Tehreek Insaf (PTI) for...

Published 17 Feb, 2024 05:51am

‘Rigging’ in elections: PTI, JI pledge to launch countrywide protests

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) and Jamaat-e-Islami(JI) Pakistan, Friday, while demanding the resignation...

Published 17 Feb, 2024 05:51am

‘Schofer’s Karachi visit bolsters Pakistan-US ties’

KARACHI: The Deputy Chief of Mission (DCM) of the United States Mission in Pakistan Andrew Schofer reinforced U.S....

Published 17 Feb, 2024 05:51am

NAB returns JJVL reference against Dr Asim, others due to jurisdictional issues

KARACHI: In a recent development, the Accountability Court IV, Karachi, issued an order on February 15, returning ...

Published 17 Feb, 2024 05:51am

Power of words: 15th edition of KLF opened

KARACHI: Oxford University Press Pakistan (OUPP) inaugurated the 15th Karachi Literature Festival (KLF),...

Published 17 Feb, 2024 05:51am

The Weather

KARACHI: The weather report on Friday (February 16, 2024) and the forecast for Saturday (February 17, 2024)...

Published 17 Feb, 2024 05:51am

Allegation against Faiz: clarification by Fazl

KARACHI: Jamiat Ulema-i-Islam Fazl (JUI-F) chief Fazlur Rehman on Friday clarified his remarks regarding the role of...

Published 17 Feb, 2024 05:51am

Begging abroad: Action plan formulated to cross-check identities

ISLAMABAD:A meeting of the Sub-Committee of the Senate Standing Committee on Overseas Pakistanis and Human Resource...

Published 17 Feb, 2024 05:51am

Islamabad asks Kabul to address genuine security concerns

ISLAMABAD: Foreign Office on Friday rejected Afghan interim government senior official self-serving and fanciful...

Published 17 Feb, 2024 05:51am

GDA event gathering of Pagara devotees: Sharjeel

KARACHI: Pakistan People's Party (PPP) leader Sharjeel Inam Memon stated that the GDA event is a gathering of Pir...

Published 17 Feb, 2024 05:51am

‘US supports free, peaceful practice of religion or belief’

ISLAMABAD: The US Ambassador to Pakistan Donald Blome has said that the United States supports the free and peaceful...

Published 17 Feb, 2024 05:51am

Taxes

Private medical, dental colleges: FTO asks FBR to file audited accounts

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure filing of audited...

Published 17 Feb, 2024 05:51am

ECP sets up election tribunals

ISLAMABAD: The Election Commission of Pakistan (ECP) has set up election tribunals comprising of eight high court...

Published 17 Feb, 2024 05:51am

Durrani to attend ‘Meeting of Special Envoys on Afghanistan’ in Doha

ISLAMABAD: Pakistan’s Special Representative on Afghanistan Ambassador Asif Durrani will lead the country’s...

Published 17 Feb, 2024 05:51am

Mayor to act as bridge between Sindh govt and KMC

KARACHI: Mayor Karachi Barrister Murtaza Wahab on Friday said that he will try to act as a bridge between the Sindh...

Published 17 Feb, 2024 05:51am

Counterfeit cigarettes seized

ISLAMABAD: More than 679,000 packerites (15,580,000 sticks) of non-duty paid/counterfeit cigarettes of various local...

Published 17 Feb, 2024 05:51am

CM inaugurates upgraded OPD of Children Hospital

LAHORE: The caretaker Punjab Chief Minister Mohsin Naqvi visited Services Hospital late at night and reviewed the...

Published 17 Feb, 2024 05:51am

Underage domestic worker: Civil judge’s wife indicted in torture case

ISLAMABAD: A local court on Friday indicted Soumya Asim, the wife of a civil judge, in an underage domestic worker,...

Published 17 Feb, 2024 05:51am

Country at the crossroads

The election held on Feb 8th in Pakistan threw up a number of surprises with a significant shift in the country’s...

Published 17 Feb, 2024 05:51am

Waiting for Ramazan

The holy month of Ramazan is just around the corner. It is a month of piety and sharing and gives the well-to-do a...

Published 17 Feb, 2024 05:51am

PARTLY FACETIOUS: An increase in Diesel’s price

“The price of diesel was raised by Rs 8.37 per litre.” “And that to me shows that the twice consenting to...

Published 17 Feb, 2024 05:51am

Energy

Business community opposes hike in gas prices

KARACHI: Industrial and business community has strongly opposes gas price surge gas tariff hike threatens industrial...

Published 17 Feb, 2024 05:51am

KP Govt to establish EZs in tribal districts

PESHAWAR: Caretaker KP Minister for Industries, Commerce, Technical Education and Newly Merged Districts Affairs, Dr...

Published 17 Feb, 2024 05:51am

May 9 case: LHC allows bail to 11 suspects

LAHORE: The Lahore High Court on Friday granted post-arrest bail to 11 suspects in a May 9 case of attacking the...

Published 17 Feb, 2024 05:51am

LWMC intensifies efforts to curb illegal dumping

LAHORE: The Lahore Waste Management Company (LWMC) has intensified its efforts across the city to curb illegal...

Published 17 Feb, 2024 05:51am

Energy

Captive power plants: MCCI warns of hike in gas prices

LAHORE: In a recent meeting with print and electronic media representatives, Mian Rashid Iqbal, President of the...

Published 17 Feb, 2024 05:51am

PFA seals four food points

LAHORE: The Punjab Food Authority (PFA) sealed four food establishments in Lahore by following violations of the PFA...

Published 17 Feb, 2024 05:51am

Police allowed to shift PTI-backed MPA-elect to jail

LAHORE: An Anti-Terrorism Court (ATC) on Friday allowed Sarwar Road police to shift PTI-backed independent MPA-elect...

Published 17 Feb, 2024 05:51am

President directs two firms to pay death insurance claims

ISLAMABAD: President Dr Arif Alvi has directed two private insurance companies to pay the death insurance claims of...

Published 17 Feb, 2024 05:51am

Pakistan Super League tournament: Security arrangements cause traffic jams: LHC

LAHORE: The Lahore High Court on Friday observed that the security arrangements made for Pakistan Super League (PSL)...

Published 17 Feb, 2024 05:51am

Sindh Ombudsman presents Annual Report for 2023

KARACHI: Ajaz Ali Khan, Ombudsman Sindh presented Annual Report for the year 2023 to the Chief Minister Sindh. The...

Published 17 Feb, 2024 05:51am

Commodities

Speakers for promoting soyabean cultivation

FAISALABAD: Speakers at a conference called for promoting soyabean cultivation to curtail national soyabean import...

Published 17 Feb, 2024 05:51am

Three die as cylinder blast destroys house

PESHAWAR: Three members of a family died while four others were injured when a gas cylinder blast destroyed a house...

Published 17 Feb, 2024 05:51am

Rates

PSX: Bearish trend persists

KARACHI: A bearish trend continued on Pakistan Stock Exchange on Friday and the market closed in deep red due to...

Published 17 Feb, 2024 05:51am

Letters

Pir Pagara’s prediction

An embittered Pir Pagara has made an important prediction in relation to the future of incoming government....

Published 17 Feb, 2024 05:51am

MENA

Meet Dubai-based Stake: the company helping Pakistanis get golden visas through diversified property investments

Since being founded in 2020, real estate investment firm Stake has worked with Dubai International Financial Centre...

Published 17 Feb, 2024 05:51am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (February 16, 2024). ==================================== BR...

Published 17 Feb, 2024 05:51am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (February 16, 2024)....

Published 17 Feb, 2024 05:51am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (February 16, 2024). ======================== Open Bid...

Published 17 Feb, 2024 05:51am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on ...

Published 17 Feb, 2024 05:51am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (February 16, 2024). ========================== KIBOR...

Published 17 Feb, 2024 05:51am

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 17 Feb, 2024 05:51am

Stocks

Tokyo stocks close at fresh 34-year high

TOKYO: Tokyo stocks closed higher on Friday with the key Nikkei index ending at a new 34-year high, partly supported...

Published 17 Feb, 2024 05:51am

Stocks

European markets round off busy week of data

PARIS: European shares ended a data-packed week on an upbeat note with stellar earnings updates and hopes of ...

Published 17 Feb, 2024 05:51am

Stocks

Wall St muted after inflation data douses early rate-cut hopes

NEW YORK: Wall Street’s main indexes were subdued on Friday after a hotter-than-expected producer prices report...

Published 17 Feb, 2024 05:51am

Cotton & Textile

Firmness prevails on cotton market

LAHORE: The local cotton market on Friday remained firm and the trading volume was improved. Cotton Analyst Naseem...

Published 17 Feb, 2024 05:51am

Energy

MPCL makes gas discovery in Kohlu

KARACHI: Mari Petroleum Company Limited (MPCL) has made a gas discovery at Maiwand X-I ST-l exploration well drilled...

Published 17 Feb, 2024 05:51am

Stocks

HK stocks jump, China markets reopen next week

HONG KONG: Hong Kong stocks rose for a third straight session on Friday, with investors accumulating shares ahead of...

Published 17 Feb, 2024 05:51am

Dun & Bradstreet announces incorporation of ESG RegisteredTM into its product catalogue

KARACHI: Dun & Bradstreet proudly announces the incorporation of ESG RegisteredTM into its product catalogue in...

Published 17 Feb, 2024 05:51am

KP businessmen meet PM: Call to frame business-friendly policies to stabilise economy

PESHAWAR: Members of the business community expressed grave concern over rising gas, electricity prices, and...

Published 17 Feb, 2024 05:51am

SECP-regulated entities: New list of audit firms unveiled

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a new list of audit firms eligible ...

Published 17 Feb, 2024 05:51am

Jul-Jan period: Petroleum group imports drop 12.06pc to $9.332bn

ISLAMABAD: Petroleum group imports witnessed a negative growth of 12.06 percent during the first seven months...

Published 17 Feb, 2024 05:51am

Power politics fuelling conflict

EDITORIAL: The world has entered a highly volatile security environment, says British military think-tank, the...

Published 17 Feb, 2024 05:51am

Trans-continental trade corridor: India-UAE pact

EDITORIAL: Indian Prime Minister, Narendra Modi, during his visit to Dubai last year, signed a US- and Europe-backed...

Published 17 Feb, 2024 05:51am

Foreign cos have to keep record of their UBOs

ISLAMABAD: The foreign companies operating in Pakistan would be required to maintain records of their ultimate...

Updated 17 Feb, 2024 08:45am

From ‘revenue reserve’ to ‘capital reserve’: Listed cos can transfer amount for issuance of bonus shares: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has permitted listed companies to transfer...

Updated 17 Feb, 2024 08:46am

Locally-made passenger cars: PAMA protests GST hike proposal by govt

KARACHI: The Pakistan Automotive Manufacturers Association (PAMA) has strongly protested the government’s proposal...

Updated 17 Feb, 2024 09:58am

Petrol, diesel prices: Exchange rate adjustment to PSO led to hike

ISLAMABAD: An exchange rate adjustment to Pakistan State Oil (PSO) of Rs3.01 per litre on high-speed diesel (HSD) ...

Published 17 Feb, 2024 05:51am

Suzuki Motor Corporation Japan: PSMC announces terms for purchase of shares

KARACHI: Pak Suzuki Motor Company (PSMC) has announced terms, conditions and procedure for purchase of 22,145,760...

Published 17 Feb, 2024 05:51am

Hubco to acquire another 9.5pc stake in SECMC

KARACHI: The Hub Power Company Limited has entered into a definitive agreement to acquire additional 9.5 percent...

Published 17 Feb, 2024 05:51am

Big firms with $7trn exit climate investment pressure group

NEW YORK: A pair of large investment companies with nearly $7 trillion in assets, said Thursday they exited a ...

Published 17 Feb, 2024 05:51am

FBR chief visits LTO Karachi

ISLAMABAD: Chairman FBR Malik Amjed Zubair Tiwana and Member-IR (Operations) Mir Badshah Khan Wazir visited Large...

Published 17 Feb, 2024 05:51am

Textile group: Jul-Jan exports decline 2.99pc to $9.738bn YoY

Exports in January 2024 were $2.792 billion (provisional) as compared to $2.822 billion in December 2023

Updated 17 Feb, 2024 04:17pm

SC to take up plea seeking fresh polls on Monday

ISLAMABAD: The Supreme Court will take up a petition seeking to declare the February 8 general elections null and...

Updated 17 Feb, 2024 04:17pm

PIA’s stock of losses: MoF, MoP develop differences

ISLAMABAD: Finance Ministry and Privatisation Ministry have reportedly developed serious differences on the total...

Updated 17 Feb, 2024 04:17pm

300-MW KE project to stay: SIFC decides to scrap LoIs of Cat-III wind projects

ISLAMABAD: The Apex Committee (AC) of Special Investment Facilitation Council (SIFC) has decided to scrap all...

Updated 17 Feb, 2024 04:18pm

Nepra should help KE find solution to its problems: PM

ISLAMABAD: Caretaker Prime Minister Anwaar ul Haq Kakar has directed to resolve the remaining problems of Karachi...

Updated 17 Feb, 2024 04:18pm

PPP says Fazl benefited the most from PTI govt’s exit

ISLAMABAD: Pakistan Peoples Party (PPP) Central Information Secretary Faisal Karim Kundi claimed that Jamiat...

Updated 17 Feb, 2024 04:18pm

PTI claims 85 NA seats ‘snatched’ from it

ISLAMABAD: Terming alleged massive rigging in the recently held general elections as the largest assault on ...

Updated 17 Feb, 2024 04:18pm

GDA demands fresh elections

JAMSHORO: The Grand Democratic Alliance (GDA) staged a big sit-in at Jamshoro Toll Plaza to reject the election...

Published 17 Feb, 2024 05:51am

There are complaints against ‘some other judges’ as well: CJP

ISLAMABAD: Chairman Supreme Judicial Council (SJC) Justice Qazi Faez Isa said there are complaints against some ...

Updated 17 Feb, 2024 04:19pm

FrieslandCampina Engro Pakistan Ltd announces financial results for FY2023

KARACHI: FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the year ended December...

Published 17 Feb, 2024 05:51am

Engro Fertilizers achieves record urea production in 2023

KARACHI: Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, achieved record urea production...

Published 17 Feb, 2024 05:51am

Money & Banking

Asian FX set for weekly declines

BENGALURU: Emerging Asian currencies held largely steady on Friday, but were on track to post weekly losses, while...

Published 17 Feb, 2024 05:51am

Weekly SPI inflation jumps 34.25pc YoY

ISLAMABAD: The Sensitive Price Index (SPI) inflation increased by 34.25 percent on a year-on-year (YoY) basis due to...

Published 17 Feb, 2024 05:51am

Companies

Employees’ healthcare: Pak Suzuki inks MoU with Alkhidmat

KARACHI: Pak Suzuki has signed a MoU with Alkhidmat Karachi for the provision of healthcare facilities to its...

Published 17 Feb, 2024 05:51am

Industry

Long-term agri policy demanded to boost food security

KARACHI: Growers have urged the government to devise a comprehensive, long-term agricultural policy to ensure food...

Published 17 Feb, 2024 05:51am

Industry

Ministry bans use of sugary products in all subordinate offices

ISLAMABAD: The Federal Ministry of National Health Services and Regulation, Friday, issued an official advisory...

Published 17 Feb, 2024 05:51am

Industry

RMG chain store remains unable to prove misuse of authority

LAHORE: A Readymade Garment (RMG) chain store could not prove misuse of authority by Commissioner Inland Revenue...

Published 17 Feb, 2024 05:51am

Money & Banking

US dollar higher after PPI data

NEW YORK/MILAN: The US dollar edged higher on Friday after data showed producer prices in the world’s largest...

Published 17 Feb, 2024 05:51am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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