News Archives for Print - 2024-02-19

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Print - 2024-02-19

OpenAI in deal valuing it at $80bn

SAN FRANCISCO: OpenAI has concluded a deal with investors that reportedly values the California start-up at $80...

Published 19 Feb, 2024 05:24am

The Weather

KARACHI: The weather report on Sunday (February 18, 2024) and the forecast for Monday (February 19, 2024)....

Published 19 Feb, 2024 05:24am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday February 18, 2024

Published 19 Feb, 2024 05:24am

Middle East

Prospects dim for truce as Israel rejects calls to spare Rafah

GAZA STRIP: Prospects for an Israel-Hamas ceasefire dimmed Sunday after the United States signalled it would veto ...

Published 19 Feb, 2024 05:24am

Blinken raises Russia’s anti-satellite arm with China, India

MUNICH: Secretary of State Antony Blinken raised US concerns that Russia was developing a space-based anti-satellite...

Published 19 Feb, 2024 05:24am

Asia

Thai ex-PM Thaksin returns home after release on parole

BANGKOK: Former Thai prime minister Thaksin Shinawatra was released on parole Sunday, just six months after he was...

Published 19 Feb, 2024 05:24am

US threatens to block new UN SC vote on Gaza

UNITED NATIONS, (United States): The UN Security Council could hold a vote next week, sought by Algeria, on a...

Published 19 Feb, 2024 05:24am

Middle East

Man shoots dead 12 relatives in Iran

TEHRAN: A man killed 12 of his relatives in a rare mass shooting in southern Iran, state media reported Saturday....

Published 19 Feb, 2024 05:24am

HBL-PSL-9: Quetta Gladiators register 16-run victory over Peshawar Zalmi

LAHORE: Quetta Gladiators started their HBL-PSL-9 drive on a winning note, beating Peshawar Zalmi by 16 runs after a...

Published 19 Feb, 2024 05:24am

Brazil’s Lula accuses Israel of ‘genocide’ in Gaza

ADDIS ABABA: Brazilian President Luiz Inacio Lula da Silva accused Israel Sunday of committing “genocide” ...

Published 19 Feb, 2024 05:24am

Middle East

Afghan province orders officials not to photograph ‘living things’

KABUL: Authorities in the southern Afghan province of Kandahar, the birthplace of the Taliban, ordered its officials...

Published 19 Feb, 2024 05:24am

Middle East

UAE seeks maximum penalty in mass ‘terrorism’ trial

DUBAI: Emirati authorities will seek the maximum penalty against 84 individuals accused of terrorism, they announced...

Published 19 Feb, 2024 05:24am

UN court to weigh consequences of Israel occupation

THE HAGUE: The UN’s top court will from Monday hold hearings on the legal consequences of Israel’s occupation of...

Published 19 Feb, 2024 05:24am

Russia claims ‘full control’ of Ukraine’s Avdiivka

KYIV: Russia said Saturday it had taken “full control” of the eastern Ukrainian city of Avdiivka, hours after...

Published 19 Feb, 2024 05:24am

Bugti says Balochistan CM to be from PPP

ISLAMABAD: The leaders of Pakistan People’s Party (PPP) Balochistan said on Sunday that their party is a party of...

Published 19 Feb, 2024 05:24am

Legally-challenged constituencies: FAFEN urges ECP to ‘audit’ election results

ISLAMABAD: The Free and Fair Election Network (FAFEN) on Sunday proposed a three-stage methodology for the audit of...

Published 19 Feb, 2024 05:24am

Five dead in bus-car collision

PESHAWAR: At least five people died and one sustained injuries in a collision between bus and car in tehsil Saafi...

Published 19 Feb, 2024 05:24am

IG Punjab visits Qadhafi Stadium, reviews security arrangements

LAHORE: Inspector General Police Punjab Dr. Usman Anwar visited Gaddafi Stadium and reviewed PSL security...

Published 19 Feb, 2024 05:24am

Vocational training programme: Thousands appear in aptitude test organised by Saylani

KARACHI: Thousands of Karachi’s youth appeared in an aptitude test here on Sunday to get admission to the new ...

Published 19 Feb, 2024 05:24am

PDP chairman for political reconciliation to help protect democracy

KARACHI: Urgent political reconciliation is necessary to save the fragile democracy of our country, as growing...

Published 19 Feb, 2024 05:24am

Diabetes remission possible through lifestyle changes: experts

KARACHI: Instead of taking life-long medicines or insulin for sugar control, ‘Diabetes Remission’ can be ...

Published 19 Feb, 2024 05:24am

Hike in gas tariffs: an analysis

As their parting gift, before they left, Caretakers have increased gas prices again to comply with the IMF...

Published 19 Feb, 2024 05:24am

Economic morass is visibly deepening

March 15 was the date agreed for the second and final staff-level agreement (SLA) on the ongoing nine-month 3 ...

Published 19 Feb, 2024 05:24am

Letters

A political cul-de-sac?

Growing uncertainty is perhaps a strong reflection of the fact that political tensions have begun to boil in the...

Published 19 Feb, 2024 05:24am

New spell of heavy rain, snowfall hits upper parts of Hazara

ABBOTTABAD: The fourth spell of snowfall during the current winter season on Sunday has been started in the...

Published 19 Feb, 2024 05:24am

KP govt decides to set up EZs in tribal districts

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

Published 19 Feb, 2024 05:24am

JI announces protest plans against ‘vote rigging’

LAHORE: Chief of Jamaat-e-Islami Sirajul Haq deemed the recent election the most polluted, rigged, and controversial...

Published 19 Feb, 2024 05:24am

NA-44: successful candidate notified

ISLAMABAD: The Election Commission of Pakistan (ECP) has notified Ali Amin Khan from NA-44 Dera Ismail Khan-I as...

Published 19 Feb, 2024 05:24am

KP govt launches GIS-based CUIPTMIS

PESHAWAR: The Khyber Pakhtunkhwa government has successfully launched GIS-based Centralized Urban Immovable Property...

Published 19 Feb, 2024 05:24am

Gandapur says he will focus on mineral sector

PESHAWAR: Ali Amin Gandapur, PTI nominee for the seat of Khyber Pakhtunkhwa (KP) chief minister (CM) said he would...

Published 19 Feb, 2024 05:24am

KP assembly: ECP issues notification about returned candidates

ISLAMABAD: The Election Commission of Pakistan (ECP) has issued notification of returned candidates to the Khyber...

Published 19 Feb, 2024 05:24am

Balochistan NA seats ECP notifies returned candidates

ISLAMABAD: The Election Commission of Pakistan has issued notification of candidates returned to the National...

Published 19 Feb, 2024 05:24am

Punjab Cabinet gives approval to amending PHPP rules

LAHORE: Chief Minister Punjab Mohsin Naqvi presided over the 41st provincial cabinet meeting at CM Office Sunday. ...

Published 19 Feb, 2024 05:24am

Margalla Hills: CDA urged to de-seal visitors’ info centres

ISLAMABAD: The Friends of Margalla Hills National Park and members of the civil society on Sunday staged a peaceful...

Published 19 Feb, 2024 05:24am

Rates

A marginal decline

KARACHI: The rupee declined marginally against the US dollar during the previous week as it depreciated Re0.08 or...

Published 19 Feb, 2024 05:24am

Senate meets today

ISLAMABAD: The Senate has been summoned to meet today (Monday) in the afternoon. A notification to this effect...

Updated 19 Feb, 2024 09:54am

Rates

Futures spread up 526bps

KARACHI: The futures spread increased by 526bps to 27.64 percent on the last day of the outgoing week. Trading...

Published 19 Feb, 2024 05:24am

Rates

PSX remains under pressure

KARACHI: Pakistan Stock Exchange remained under severe pressure and nosedived to book huge losses during the ...

Published 19 Feb, 2024 05:24am

Why Pakistan lags in MMF exports

The global textiles and apparel trade is witnessing a significant transformation, shifting emphatically towards...

Published 19 Feb, 2024 05:24am

Stocks

Wall Street Week Ahead: High-flying Nvidia’s earnings could test US stock market’s AI dreams

NEW YORK: Next week’s earnings report from chipmaker Nvidia could prove a gut check for one of the market’s...

Published 19 Feb, 2024 05:24am

Stocks

Indian shares log weekly gain powered by banks

BENGALURU: Indian shares advanced on Friday and logged weekly gains, led by a surge in the auto sector on Mahindra...

Published 19 Feb, 2024 05:24am

Stocks

London stocks boosted by miners, post weekly gains

LONDON: UK shares advanced on Friday, driven by gains in miners and banks, with the indexes posting weekly gains as...

Published 19 Feb, 2024 05:24am

Stocks

Most Gulf markets gain on rate cut bets

DUBAI: Most stock markets in the Gulf ended higher on Sunday after a slump in US retail sales prompted hopes that ...

Published 19 Feb, 2024 05:24am

Stocks

Sri Lanka shares end higher

COLOMBO: Sri Lankan shares closed higher on Friday, aided by financial and industrial stocks. The CSE All-Share ...

Published 19 Feb, 2024 05:24am

Energy

Japan mulls extending fuel subsidies amid political backlash

TOKYO: Japan’s government and ruling party officials are considering extending fuel subsidies beyond May, sources...

Published 19 Feb, 2024 05:24am

Energy

Rehabilitation of distribution network: MD SSGC spells out steps

KARACHI: Sui Southern Gas Company has implemented various measures to streamline, expedite and enhance the...

Published 19 Feb, 2024 05:24am

Bilawal says he was offered PM’s seat for two years but declined

KARACHI: Pakistan Peoples Party Chairman Bilawal Bhutto-Zardari said on Sunday that he ‘could’ launch a protest if...

Updated 19 Feb, 2024 08:52am

Commodities

Crop improvement: Experts underscore need for using emerging technologies

FAISALABAD: World renowned wheat genetics and genomics scientists, and founding Director Wheat Genetics Resources...

Published 19 Feb, 2024 05:24am

Country at the crossroads: BMP chairman

LAHROE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has said that the...

Published 19 Feb, 2024 05:24am

Cotton & Textile

Weekly Cotton Review: Prices continue to rise amid dwindling supply

KARACHI: There has been a significant increase in the price of cotton, with a further rise of Rs 1000 per maund. The...

Published 19 Feb, 2024 05:24am

FPCCI president opposes frequent hikes in energy prices

KARACHI: Atif Ikram Sheikh, President FPCCI, has strongly demanded that the government reevaluate its policy of...

Published 19 Feb, 2024 05:24am

Unnecessary altercation

EDITORIAL: Future of some 400 prospective medical students hangs in the balance because of a row between two private...

Published 19 Feb, 2024 05:24am

Better, greener future!

EDITORIAL: It’s great news that the United Nations has chosen Pakistan’s Living Indus Initiative (LII), which...

Published 19 Feb, 2024 05:24am

Opposition to plans

EDITORIAL: The circular debt reduction and the tariff reduction plans proposed by the Ministry of Energy have been...

Published 19 Feb, 2024 05:24am

Commodities

Prices of food items: mixed trend observed

PESHAWAR: Mixed trend in prices of essential food commodities, including live chicken/meat, vegetables, sugar, flour...

Published 19 Feb, 2024 05:24am

Money & Banking

Indian rupee ends little changed

MUMBAI: The Indian rupee ended little changed after hovering in a tight band on Friday, as dollar demand from...

Published 19 Feb, 2024 05:24am

WTO chief insists global trade body still counts

GENEVA: The head of the World Trade Organization angrily insisted Friday the WTO was still relevant as it prepares...

Published 19 Feb, 2024 05:24am

India’s small exporters reel as Red Sea crisis helps rivals nab business

NEW DELHI: Atul Jhunjhunwala, an exporter in the Indian eastern city of Kolkata, is tearing his hair out, having ...

Published 19 Feb, 2024 05:24am

Airbus posts 11pc profit drop for 2023

TOULOUSE (France): European aviation giant Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion...

Published 19 Feb, 2024 05:24am

Political stability termed a sine qua non of economic stability

SIALKOT: Former defence minister and central leader of Pakistan Muslim League-Nawaz (PML-N) Khawaja Muhammad Asif ...

Published 19 Feb, 2024 05:24am

Energy

Gas price hike ‘decisive’ blow to textile sector: KPTMA

PESHAWAR; The Khyber Pakhtunkhwa Textile Mills Association (KPTMA) has said that the recent decision by the...

Published 19 Feb, 2024 05:24am

Attachment of Discos’ bank accounts: IHC issues notices to FBR chief, others

ISLAMABAD: Islamabad High Court (IHC) has issued notices to Chairman Federal Board of Revenue (FBR), Member...

Updated 19 Feb, 2024 09:31am

Four-party alliance in Balochistan steps up its protest

QUETTA: A four parties’ alliance blocked roads in Balochistan as protest against alleged rigging in elections. A...

Updated 19 Feb, 2024 09:00am

SHC dismisses plea of tractor-maker against refund

ISLAMABAD: Sindh High Court (SHC) has dismissed the petition, on the point of maintainability, of a leading tractor...

Updated 19 Feb, 2024 09:31am

Mangla power station: Wapda proposes depositing ST with AJ&K

ISLAMABAD: The Water and Power Development Authority (Wapda) has proposed signing of a formal agreement between the...

Updated 19 Feb, 2024 09:53am

GTPS, SPS Faisalabad: NPGCL, Wapda at odds over ownership rights

CEO NPGCL conveys serious concern of the company’s Board on intrusion of Wapda’s security guards on the premises of properties of NPGCL in Faisalabad

Updated 19 Feb, 2024 09:57am

Credit guarantee schemes for EVs on the cards

ISLAMABAD: The government is likely to introduce a credit guarantee scheme for Electric Vehicles (EVs) through State...

Updated 19 Feb, 2024 08:53am

PML-N, PPP reach consensus over govt formation?

ISLAMABAD: Positive progress has been made in the matter of government formation between the Pakistan Muslim...

Updated 19 Feb, 2024 08:53am

Vote rigging allegation: PTI wants judicial inquiry sans CJP

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) has called for formation of a judicial commission to probe February 8...

Updated 19 Feb, 2024 09:54am

Saudi delegation meets Nawaz

LAHORE: The delegation of the Saudi Embassy on Sunday met the Pakistan Muslim League (N) leader Mian Nawaz Sharif at...

Updated 19 Feb, 2024 08:54am

UAE’s non-oil trade hits record $953bn in 2023

DUBAI: The United Arab Emirates’ non-oil trade reached a record high 3.5 trillion dirhams ($952.93 billion) in...

Published 19 Feb, 2024 05:24am

Money & Banking

Australia, NZ dollars steady

SYDNEY: The Australian and New Zealand dollars were looking on Friday likely to end a tough week on a steadier note...

Published 19 Feb, 2024 05:24am

Industry

HCSTSI president expresses concern over power price hike

HYDERABAD: Muhammad Farooq Shaikhani, President, Hyderabad Chamber of Small Traders & Small Industry, expressed...

Published 19 Feb, 2024 05:24am

Industry

FPCCI, KhCCI join hands to enhance Pak-Afghan trade

PESHAWAR: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Khyber Chamber of Commerce and...

Published 19 Feb, 2024 05:24am

Money & Banking

Canadian dollar weakens as bond yields climb

TORONTO: The Canadian dollar edged lower against its US counterpart on Friday as long-term borrowing costs rose and...

Published 19 Feb, 2024 05:24am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 5	281.27
USD PKR Interbank Buying / May 5	281.02
USD to Japanese Yen / May 2	144.96
USD to Swiss Franc / May 2	0.83
Pound Sterling to USD / May 2	1.33
Euro to USD / May 2	1.13
UK LIBOR % / May 2	4.96

Stock	Volume
S&P 500 / May 2	5,686.67
Tokyo Nikkei / May 2	36,830.69
Nasdaq / May 2	17,977.73
Hang Seng / May 2	22,504.68
FTSE 100 / May 2	8,596.35
Dow Jones / May 2	41,317.43
India Sensex / May 5	80,760.93
Germany DAX 30 / May 5	23,167.02
France CAC40 / May 5	7,734.13

Item	Value
Karachi Cotton PKR/37.32 KG / May 2	16,985
Gold 10 Grams PKR / May 2	295,353
Petrol/Litre / May 5	252.63
Crude Oil USD/Barrel / May 5	56.45
Gold Spot USD/Ounce / May 5	3,259.32
Diesel/Litre / May 5	256.64
Cotton US¢/pound / May 5	68.55

Gainers
Losers
Leaders

Stock	Price
Cresent Jute / May 5 Crescent Jute Products Limited(CJPL)	3.99 ▲ 0.84 (26.67%)
Dewan Textile / May 5 Dewan Textile Mills Limited(DWTM)	5.79 ▲ 0.79 (15.8%)
Gulistan Sp. / May 5 Gulistan Spinning Mills Limited(GUSM)	7.77 ▲ 0.89 (12.94%)
Pak Gen.Ins. / May 5 The Pakistan General Insurance Co. Ltd.(PKGI)	8.86 ▲ 1 (12.72%)
Dewan Mushtaq / May 5 Dewan Mushtaq Textile Mills Limited(DMTM)	8.96 ▲ 1 (12.56%)
Dadabhoy Cement / May 5 Dadabhoy Cement Industries Limited(DBCI)	4.85 ▲ 0.54 (12.53%)
Parmount Sp. / May 5 Paramount Spinning Mills Limited(PASM)	3.80 ▲ 0.41 (12.09%)
Dost Steels Ltd. / May 5 Dost Steels Limited(DSL)	8.81 ▲ 0.84 (10.54%)
First Elite Cap.Mod / May 5 First Elite Capital Modaraba(FECM)	15.35 ▲ 1.4 (10.04%)
Power Cem(Pref) / May 5 Power Cement (Pref)(POWERPS)	16.68 ▲ 1.52 (10.03%)

Stock	Price
Tariq Corp.Pref. / May 5 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.90 ▼ -0.98 (-12.44%)
F.Credit & Inv / May 5 First Credit and Investment Bank Limited(FCIBL)	7.08 ▼ -0.81 (-10.27%)
Suraj Cotton / May 5 Suraj Cotton Mills Limited(SURC)	110.83 ▼ -12.31 (-10%)
Al-Khair Gadoon / May 5 Al-Khair Gadoon Limited(AKGL)	44.05 ▼ -4.85 (-9.92%)
Quetta Textile / May 5 Quetta Textile Mills Limited(QUET)	11.90 ▼ -1.04 (-8.04%)
Diamond Ind. / May 5 Diamond Industries Limited(DIIL)	22 ▼ -1.91 (-7.99%)
Nishat ChunPow / May 5 Nishat Chunian Power Limited(NCPL)	25.45 ▼ -2.07 (-7.52%)
Tri-Star Power / May 5 Tri-Star Power Limited(TSPL)	6.30 ▼ -0.5 (-7.35%)
LSE Ventures / May 5 LSE Ventures Limited(LSEVL)	9.63 ▼ -0.76 (-7.31%)
Gulshan Sp. / May 5 Gulshan Spinning Mills Limited(GSPM)	3.11 ▼ -0.23 (-6.89%)

Stock	Volume
Power Cement / May 5 Power Cement Limited(POWER)	38,684,964 ▲ 1.05
WorldCall Telecom / May 5 Worldcall Telecom Limited(WTL)	22,789,748 ▲ 0.07
Sui South Gas / May 5 Sui Southern Gas Company Limited(SSGC)	22,323,101 ▼ -0.11
Maple Leaf Cement / May 5 Maple Leaf Cement Factory Limited(MLCF)	21,933,951 ▲ 2.21
Hascol Petrol / May 5 Hascol Petroleum Limited(HASCOL)	18,758,872 ▲ 0.62
K-Electric Ltd. / May 5 K-Electric Limited(KEL)	17,010,174 ▲ 0.14
B.O.Punjab / May 5 The Bank of Punjab(BOP)	16,543,798 ▲ 0.34
Dewan Cement / May 5 Dewan Cement Limited(DCL)	14,633,358 ▲ 0.51
Fauji Cement / May 5 Fauji Cement Company Limited(FCCL)	13,839,680 ▲ 1.26
D.G.K.Cement / May 5 D.G. Khan Cement Company Limited(DGKC)	13,687,907 ▲ 6.16

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