News Archives for Print - 2024-02-22

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Print - 2024-02-22

The Weather

KARACHI: The weather report on Wednesday (February 21, 2024) and the forecast for Thursday (February 22 2024)...

Published 22 Feb, 2024 06:55am

Arrest warrant of PTI senator Faisal Javed suspended

ISLAMABAD: A local court on Wednesday suspended the arrest warrant of Pakistan Tehreek-e-Insaf (PTI) senator Faisal...

Published 22 Feb, 2024 06:55am

Governor inaugurates Pak Pharma & Healthcare Exhibition & Conference

LAHORE: Punjab Governor Muhammad Baligh-ur-Rehman has said that he would summon the Punjab Assembly session upon...

Published 22 Feb, 2024 06:55am

Govt ‘extends’ Rangers’ deployment in Mianwali for three months

MIANWALI: The government on Wednesday extended the deployment of Rangers in Mianwali for three months, sources ...

Published 22 Feb, 2024 06:55am

Toshakhana case: Hearing against Nawaz, Zardari, Gilani and others adjourned till Mar 6

ISLAMABAD: The Accountability Court on Wednesday adjourned the hearing of Toshakhana case against Pakistan Muslim...

Published 22 Feb, 2024 06:55am

Iran, China CGs bid farewell to Caretaker CM Punjab

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi has started his farewell meetings, as he held separate meetings...

Published 22 Feb, 2024 06:55am

LHC adjourns proceedings in plea of PTI senator

LAHORE: The Lahore High Court on Wednesday adjourned the proceedings in a petition of PTI senator Ejaz Chaudhry and...

Published 22 Feb, 2024 06:55am

LHC reserves verdict

LAHORE: The Lahore High Court on Wednesday reserved its verdict on a petition by PTI-backed independent candidate...

Published 22 Feb, 2024 06:55am

Powers of withdrawing electoral symbol: LHC seeks replies from ECP, centre within a week

LAHORE: The Lahore High Court on Wednesday sought replies from the Election Commission of Pakistan (ECP) and the...

Published 22 Feb, 2024 06:55am

NBG Pakistan hails PPP, PML-N agreement

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

Published 22 Feb, 2024 06:55am

Newly-elected NA members: One-window facilitation centre established

ISLAMABAD: National Assembly Secretariat Islamabad has established one-window facilitation centre to assist and...

Published 22 Feb, 2024 06:55am

PKNC conference concludes at SAU

HYDERABAD: The two-day Second Annual Pakistan-Korea Nutrition Center (PKNC) Conference organized by the Institute of...

Published 22 Feb, 2024 06:55am

US urges UN court not to order Israel out of Palestinian lands

THE HAGUE: The United States said on Wednesday the World Court should not order the unconditional withdrawal of...

Published 22 Feb, 2024 06:55am

Lawyers for US urge UK court to reject Assange appeal bid

LONDON: Lawyers for the United States on Wednesday urged a UK court to block a last-ditch bid by Julian Assange to...

Published 22 Feb, 2024 06:55am

Somalia approves defence deal with Turkey

MOGADISHU: Somalia’s cabinet and lawmakers on Wednesday endorsed a defence deal with Turkey, with Mogadishu locked...

Published 22 Feb, 2024 06:55am

Gaza humanitarian situation ‘inhumane’: WHO

GENEVA: The humanitarian situation in the Gaza Strip is inhumane, the head of the World Health Organization said...

Published 22 Feb, 2024 06:55am

Europe

EU targets Chinese firms, N Korea in new Ukraine war sanctions

BRUSSELS: The EU on Wednesday agreed to ban exports to three mainland Chinese firms and blacklist North Korea’s...

Published 22 Feb, 2024 06:55am

Europe

Media investigation identifies 45,000 Russian soldiers killed in Ukraine

WARSAW: The BBC Russian Service and news outlet Mediazona have confirmed the identity of around 45,000 Russian...

Published 22 Feb, 2024 06:55am

HBL-PSL-9: Karachi Kings defeat Peshawar Zalmi by seven wickets

LAHORE: Karachi Kings locked their first win of HBL PSL 9 after they defeated Peshawar Zalmi by seven wickets, here...

Published 22 Feb, 2024 06:55am

Red Sea ballistic missile attacks trigger Asian interest in defences

SINGAPORE: The use of anti-ship ballistic missiles (ASBMs) in the Red Sea has spurred interest in Asia about the...

Published 22 Feb, 2024 06:55am

Europe

Former London police officer convicted of multiple rapes

LONDON: A former member of the Metropolitan Police has been convicted of multiple rapes, including of a child,...

Published 22 Feb, 2024 06:55am

South Asia

Police fire tear gas at protesting Indian farmers, govt offers talks

SHAMBHU, (India): Indian police fired tear gas and water cannons on Wednesday to scatter thousands of farmers trying...

Published 22 Feb, 2024 06:55am

USA

US calls on Pakistan to lift social media restrictions

WASHINGTON: The United States called Wednesday on Pakistan to lift restrictions on X, formerly known as Twitter,...

Published 22 Feb, 2024 06:55am

PPP starts consultations for key slots

ISLAMABAD: The leadership of Pakistan People's Party (PPP) has started consultation for the nomination of chairman...

Published 22 Feb, 2024 06:55am

PSO DIGICASH announces strategic partnership with foodpanda

KARACHI: foodpanda, Pakistan has announced its strategic partnership with PSO DIGICASH, a convenient and efficient...

Published 22 Feb, 2024 06:55am

Railways cop rewarded for saving life of woman passenger

LAHORE: Inspector General of Pakistan Railways police has awarded the constable Bilal of Rawalpindi division with...

Published 22 Feb, 2024 06:55am

SABS University organizes anti-drug awareness seminar

HYDERABAD: Shaheed Allah Buksh Soomro (SABS) University of Art, Design and Heritages, Jamshoro organized an...

Published 22 Feb, 2024 06:55am

Stocks

Tokyo stocks close lower

TOKYO: Tokyo stocks closed lower on Wednesday as falls on Wall Street weighed on the market. The benchmark Nikkei...

Published 22 Feb, 2024 06:55am

Stocks

Indian shares snap six-session winning run as IT drags

BENGALURU: Indian shares fell on Wednesday, snapping a six-session winning streak, dragged by information technology...

Published 22 Feb, 2024 06:55am

Stocks

China stocks extend rally on market rescue measures

HONG KONG: China stocks rose for a seventh straight session, while Hong Kong stocks advanced as investors cheered...

Published 22 Feb, 2024 06:55am

Transformative reforms for post-election Pakistan

Following the general election on 8th February 2024, the incoming government is poised to navigate a challenging...

Published 22 Feb, 2024 06:55am

Will the power sector ever deliver?—I

The sector shenanigans have resulted in a near existential threat for the Country. Although, the situation has been...

Published 22 Feb, 2024 06:55am

Letters

Impact of imported used cars on national exchequer

I would like to draw your attention to the sudden influx of cheap imported used cars. Though there’s nothing cheap...

Published 22 Feb, 2024 06:55am

Beyond colonial legacies—II

An additional critical factor contributing to the governance and economic challenges in Pakistan is the dominance of...

Published 22 Feb, 2024 06:55am

Default, then?

Fitch’s doubts about securing a post-SBA (Stand-By Arrangement) IMF lifeline show that even leading IFIs...

Published 22 Feb, 2024 06:55am

12th edition of LLF to begin tomorrow

LAHORE: The Lahore Literary Festival (LLF) is set to captivate audiences once again as it returns for its annual...

Published 22 Feb, 2024 06:55am

Nestlé Pakistan initiates first urban forest tree-plantation activity

LAHORE: Nestlé Pakistan launched its first urban forest tree plantation activity at Allama Iqbal International...

Published 22 Feb, 2024 06:55am

Maryam vows to help usher in prosperity in Punjab

LAHORE: The Pakistan Muslim League-Nawaz (PML-N) parliamentary party in the Punjab Assembly, which met with the ...

Published 22 Feb, 2024 06:55am

JI, PTI join hands to challenge the results of Feb 8 polls

KARACHI: Jamaat-e-Islami and Pakistan Tehreek-e-Insaf have joined hands, unveiling a collaborative strategy aimed at...

Published 22 Feb, 2024 06:55am

Senate panel recommends that parliament should immediately send bills to president for his assent

ISLAMABAD: Senate Standing Committee on Parliamentary Affairs, unanimously, recommended that Parliament should...

Published 22 Feb, 2024 06:55am

PTI steps up efforts to form govts at centre, in Punjab, KP

ISLAMABAD: The chairman Pakistan Tehreek-e-Insaf (PTI) Barrister Gohar Ali Khan on Wednesday said that the party...

Published 22 Feb, 2024 06:55am

Recall of defective drugs: DRAP seeks input of stakeholders on guidelines

ISLAMABAD: The Drug Regulatory Authority of Pakistan (DRAP) in line with World Health Organization (WHO) guidelines...

Published 22 Feb, 2024 06:55am

JI asks CEC to furnish details of Rs50bn spent on elections

ISLAMABAD: Jamaat-e-Islami(JI) Pakistan, Wednesday, while accusing the chief election commissioner (CEC) of failing...

Published 22 Feb, 2024 06:55am

PPP nominates 3 candidates for Punjab governorship

ISLAMABAD: Pakistan Peoples Party (PPP) on Wednesday finalised three nominees Makhdoom Ahmed Mehmood, Qamar Zaman...

Published 22 Feb, 2024 06:55am

PTI to hold intra-party elections within two weeks

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Wednesday decided to hold intra-party elections afresh within two ...

Published 22 Feb, 2024 06:55am

PARTLY FACETIOUS: Don’t compare apples with oranges

“There is one thing I simply cannot understand about transitions.” “Well, transition as in…in…how do I put...

Published 22 Feb, 2024 06:55am

BHC CJ to be elevated to SC

QUETTA: It has been decided to elevate Balochistan High Court (BHC) Chief Justice Naeem Akhtar Afghan to the Supreme...

Published 22 Feb, 2024 06:55am

SJC proceedings shall not be abated if a judge retires or resigns: SC

Published 22 Feb, 2024 06:55am

IHC turns down unconditional apology of DC Islamabad

ISLAMABAD: The Islamabad High Court (IHC), Wednesday, turned down Islamabad Deputy Commissioner Irfan Nawaz ...

Published 22 Feb, 2024 06:55am

2022 flood victims in Sindh still struggling to cope with losses

ISLAMABAD: The 2022 flood victims in Sindh who were devastated by the worst ever flooding in the country’s ...

Published 22 Feb, 2024 06:55am

Services on election day: Internet suspension: SHC seeks reasons from Centre

KARACHI: Once again ordering the restoration of internet services in the country, the Sindh High Court (SHC) on...

Published 22 Feb, 2024 06:55am

Balochistan CM slot: PPP completes consultations

ISLAMABAD: Pakistan People’s Party (PPP) completed consultation for government formation in Balochistan and it...

Published 22 Feb, 2024 06:55am

PTI rejects PML(N)-PPP agreement

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Wednesday plainly rejected what it called ‘malicious attempts to...

Published 22 Feb, 2024 06:55am

Russia appreciates Pak policy on Ukraine conflict

ISLAMABAD: Russian Ambassador to Pakistan Albert Khorev on Wednesday said that there has been no confirmation of...

Published 22 Feb, 2024 06:55am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (February 21, 2024). ====================================...

Published 22 Feb, 2024 06:55am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (February 21, 2024). =======================================...

Published 22 Feb, 2024 06:55am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (February 21, 2024)...

Published 22 Feb, 2024 06:55am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 21, 2024)....

Published 22 Feb, 2024 06:55am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (February 21, 2024)....

Published 22 Feb, 2024 06:55am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (February 21, 2024). ======================== Open ...

Published 22 Feb, 2024 06:55am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday ...

Published 22 Feb, 2024 06:55am

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 22 Feb, 2024 06:55am

Rates

LME official prices

LONDON: The following were Tuesday official prices. ========================================= ALUMINIUM...

Published 22 Feb, 2024 06:55am

Cotton & Textile

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Wednesday (February 21, 2024) =========================== 6/S-7/S (COTTON)...

Published 22 Feb, 2024 06:55am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 22.422...

Published 22 Feb, 2024 06:55am

Commodities

Dalian iron ore dips further

SINGAPORE/BEIJING: Dalian iron ore futures declined for a third straight session on Wednesday due to lingering...

Published 22 Feb, 2024 06:55am

Commodities

EU wheat slips back as supply pressure persists

PARIS: Euronext wheat eased on Wednesday after a day-earlier rebound stalled and hefty export supplies continued to...

Published 22 Feb, 2024 06:55am

Commodities

China’s top coal producing region tells miners to curb overproduction

BEIJING: China’s top coal-producing region of Shanxi has ordered miners to curb overproduction, according to a...

Published 22 Feb, 2024 06:55am

Cotton & Textile

Cotton spot rate higher by Rs500 per maund

LAHORE: The Spot Rate Committee of the Karachi Cotton Association on Wednesday increased the spot rate by Rs 5,00 ...

Published 22 Feb, 2024 06:55am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (February 21, 2024)...

Published 22 Feb, 2024 06:55am

Energy

Oil rises 1pc on signs of tightening supplies

NEW YORK: Oil prices rose about 1 percent in afternoon trading on Wednesday as geopolitical tensions raged on in the...

Published 22 Feb, 2024 06:55am

Grains

Chicago grains ease as short-covering rally fades

PARIS/CANBERRA: Chicago wheat, corn and soybeans edged down on Wednesday as a bounce fuelled by short-covering...

Published 22 Feb, 2024 06:55am

Energy

US natgas prices slide

NEW YORK: US natural gas futures slid about 2% to a 3-1/2-year low on Tuesday on forecasts for mild weather and low...

Published 22 Feb, 2024 06:55am

Commodities

Gold gains as markets await Fed minutes

BENGALURU: Gold prices rose on Wednesday as investors looked to the minutes of the Federal Reserve’s latest policy...

Published 22 Feb, 2024 06:55am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 193,397 tonnes of cargo comprising 130,799 tonnes of import cargo and 62,598...

Published 22 Feb, 2024 06:55am

Stocks

HSBC, healthcare stocks drag European shares lower

PARIS: European shares slipped on Wednesday hurt by banking shares following a drop in shares of HSBC on a...

Published 22 Feb, 2024 06:55am

Stocks

Nasdaq tumbles ahead of Nvidia’s results

NEW YORK: The tech-heavy Nasdaq led declines on Wall Street on Wednesday as investors braced for Nvidia’s...

Published 22 Feb, 2024 06:55am

Energy

SSGC starts work on Rs5.1bn Kathore-Surjani pipeline project

KARACHI: Imran Maniar, MD, SSGC performed the groundbreaking of the 24’ dia., 31-km gas pipeline project from ...

Published 22 Feb, 2024 06:55am

Rates

PSX ends on positive note

KARACHI: Pakistan Stock Exchange on Wednesday witnessed bullish trend and closed on strong positive note with ...

Published 22 Feb, 2024 06:55am

‘Jazz actively promoting diversity, empowering women through initiatives’

ISLAMABAD: “Jazz is actively promoting diversity and empowering women through its products, services, employee...

Published 22 Feb, 2024 06:55am

Kuwaiti investors invited for investment in Punjab

LAHORE: The Ambassador of Kuwait to Pakistan Nassar Abdulrahman J Almutairi met with the caretaker Punjab Chief...

Published 22 Feb, 2024 06:55am

SPL’s H1 profit surges 122pc to Rs746m

KARACHI: Security Paper Limited (SPL) released its financial statement for the first six months of the fiscal year...

Published 22 Feb, 2024 06:55am

Commodities

Copper hits near 3-week peak on softer dollar

BENGALURU: Copper prices rose on Wednesday to their highest in nearly three weeks, supported by a weaker US dollar...

Published 22 Feb, 2024 06:55am

Commodities

Japanese rubber futures dip

SINGAPORE: Japanese rubber futures dipped for a second straight session to a four-day low on Wednesday as weaker...

Published 22 Feb, 2024 06:55am

Commodities

Malaysian palm oil up

JAKARTA: Malaysian palm oil futures inched higher on Wednesday, tracking Dalian’s palm oil contract, although weak...

Published 22 Feb, 2024 06:55am

SBP official describes interest-based loans as form of oppression

KARACHI: Deputy Governor of the State Bank, Saleem Ullah during his address at the 2nd National Islamic Economic...

Published 22 Feb, 2024 06:55am

Commodities

Punjab expecting wheat production of 25.6 MMT

LAHORE: The Punjab province is expecting a good wheat production of 25.6 Million Metric Tons (MMT) out of the 17.4...

Published 22 Feb, 2024 06:55am

Commodities

Gold prices rise, silver’s steady

KARACHI: The local market on Wednesday continued to see a rise in the gold prices for the sixth consecutive day but...

Published 22 Feb, 2024 06:55am

Capital punishment ought to stop

EDITORIAL: Whilst there is a worldwide trend towards abolition of death penalty — 170 out of the 193 UN members...

Published 22 Feb, 2024 06:55am

‘PDM 2.0’: that, after all, is the art of politics?

EDITORIAL: The deal between Pakistan Muslim league-Nawaz (PML-N) and Pakistan People’s Party Parliamentarians...

Published 22 Feb, 2024 06:55am

Taxes

EFS: official explains FBR’s planned approach to textile value chain

LAHORE: In a recent interaction with members of the All Pakistan Textile Mills Association (APTMA), Muhammad Sadiq,...

Published 22 Feb, 2024 06:55am

Businessman urges incoming govt to address circular debt issue

Energy

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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