News Archives for Print - 2024-02-26

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Print - 2024-02-26

Biden or Trump, hawkish economic approach on China to intensify

WASHINGTON: In a shift from tit-for-tat tariffs and strong-arm tactics to tech restrictions and investment curbs, US...

Published 26 Feb, 2024 05:07am

Multan Sultans defeat Quetta Gladiators by 13 runs

LAHORE: Multan Sultans finished their home leg on a high note after defeating Quetta Gladiators by 13 runs at Multan...

Published 26 Feb, 2024 05:07am

Zalmi defeat Qalandars in high-scoring match

LAHORE: Peshawar Zalmi outclassed Lahore Qalandars by 8 runs in a high scoring match of the HBL-PSL-9 staged here at...

Published 26 Feb, 2024 05:07am

Cambodia ex-PM Hun Sen returns to frontline politics for senate seat

PHNOM PENH: Cambodia’s ruling party claimed a landslide victory in Senate elections on Sunday, setting the stage...

Published 26 Feb, 2024 05:07am

Bus crash kills 9 ANC supporters

DURBAN: At least nine supporters of South Africa’s ruling ANC were killed in a bus crash as they were travelling...

Published 26 Feb, 2024 05:07am

South Asia

India’s Assam scraps colonial-era Muslim marriage law

GUWAHATI (India): India’s Assam state has scrapped an 89-year-old law that allowed marriage involving underage...

Published 26 Feb, 2024 05:07am

Middle East

Iran says US-British strikes on Yemen ‘escalate tensions’

TEHRAN: Iran condemned on Sunday the latest strikes by the United States and Britain on Yemen, saying they were...

Published 26 Feb, 2024 05:07am

Middle East

Israel vows to push into Gaza’s far-south as truce talks underway

GAZA STRIP: Israel’s prime minister said Sunday a potential ceasefire in its war against Hamas would only delay a...

Published 26 Feb, 2024 05:07am

South Asia

Taliban releases Austrian far-right activist

KABUL: The Taliban on Sunday released Herbert Fritz, an 84-year-old Austrian and far-right nationalist who was...

Published 26 Feb, 2024 05:07am

Middle East

Jordan king warns of continuing Gaza war during Ramadan

AMMAN: Jordan’s King Abdullah II warned on Sunday of a wider regional war if Israel presses on with its military...

Published 26 Feb, 2024 05:07am

Africa

Raiders kill at least 15 worshippers at Burkina church

OUAGADOUGOU: At least 15 civilians were killed and two others injured during a “terrorist” attack on a Catholic...

Published 26 Feb, 2024 05:07am

Europe

Ukraine needs Western aid to win war after setbacks: Zelensky

KYIV: Ukrainian President Volodymyr Zelensky said Sunday his country’s victory “depends” on support from the...

Published 26 Feb, 2024 05:07am

Middle East

‘Man-made’ Gaza famine can still be avoided: UN agency

OCCUPIED Al-QUDS: Famine in the Gaza Strip can be averted if vital aid is allowed into the besieged territory, the ...

Published 26 Feb, 2024 05:07am

Lahore Qalandars suffer setback as Haris ruled out of PSL 9

LAHORE: Defending champions Lahore Qalandars suffered a major setback, as their pacer Haris Rauf became unfit and ...

Published 26 Feb, 2024 05:07am

Europe

Polish farmers protest

WARSAW: Polish farmers on Sunday blocked a major highway into Germany in the latest such protest against EU...

Published 26 Feb, 2024 05:07am

HBL PSL gains reputation for high bowling standards

LAHORE: Since its inception in 2016, HBL Pakistan Super League (PSL) has gained a reputation for its high bowling...

Published 26 Feb, 2024 05:07am

FG Polo wins Bank Alfalah National Open Polo Championship

LAHORE: FG Polo clinched the coveted trophy of the Bank Alfalah National Open Polo Championship for Quaid-e-Azam ...

Published 26 Feb, 2024 05:07am

Anti-polio campaign begins in Faisalabad

FAISALABAD: As many as 1.6 million children upto age of five years will be administered polio drops during next...

Published 26 Feb, 2024 05:07am

Dar, Punjab CM Naqvi meet governor

LAHORE: Leader of the House in the Senate Ishaq Dar called on Governor Punjab Muhammad Balighur Rehman at Governor...

Published 26 Feb, 2024 05:07am

Naqvi opens new lab, collection centre at SIMS

LAHORE: A New Lab & Collection Centre by the Services Institute of Medical Sciences (SIMS) has been completed in...

Published 26 Feb, 2024 05:07am

Punjab to roll out second NIDs of 2024 from today

LAHORE: With an objective to prevent polio virus transmission in major cities, Punjab is all set to hold the second...

Published 26 Feb, 2024 05:07am

PDP expresses its concern over rise in incidents of street crime

KARACHI: Expressing a grave concern over the rising wave of street crime in the megacity, Pasban Democratic Party ...

Published 26 Feb, 2024 05:07am

26th convocation: HU confers degrees on 1,200 students and scholars

KARACHI: The Hamdard University (HU) conferred PhD, MPhil, Master’s, Bachelor’s and associate degrees on over 1,200...

Published 26 Feb, 2024 05:07am

Cotton & Textile

Weekly Review: Cotton rates stable amid low business volumes

KARACHI: The price of cotton remained stable during the last week, amid a low business volume. However, the...

Published 26 Feb, 2024 05:07am

G-to-G privatisation: no cakewalk

One key sales pitch that the powers that be are making on taking the Pakistan’s economy from the perpetual balance...

Published 26 Feb, 2024 05:07am

FDI: challenges and the way forward

An essential component of a robust and open economic system, Foreign Direct Investment (FDI) serves as a crucial...

Published 26 Feb, 2024 05:07am

Letters

Political impasse set to stretch out?

It seems some more surprises are in store for this beleaguered nation of over 220 million people. Yes, people are...

Published 26 Feb, 2024 05:07am

Pakistan’s textile industry embraces ESG practices: Sustainability that lasts

Introduction In a transformative shift, Pakistan’s textile industry is setting new standards for sustainability as...

Updated 26 Feb, 2024 12:30pm

Stocks

Wall Street Week Ahead: Soaring US stocks could take cues from Fed as earnings wind down

NEW YORK: Strong corporate results have helped fuel the S&P 500’s climb to new highs this year, taking the...

Published 26 Feb, 2024 05:07am

Stocks

Financials lead Indian shares to second straight weekly gains

BENGALURU: Indian shares logged their second straight week of gains, with the benchmark Nifty 50 index hitting ...

Published 26 Feb, 2024 05:07am

Stocks

Saudi bourse eases on profit-taking

DUBAI: Saudi Arabia’s stock market eased on Sunday as investors booked profits following recent gains, while the...

Published 26 Feb, 2024 05:07am

Stocks

StanChart lifts FTSE 100 but fails to avert weekly losses

LONDON: Britain’s FTSE 100 closed higher Friday, with Standard Chartered in the lead after it announced bumper...

Published 26 Feb, 2024 05:07am

Stocks

TSX ends higher, wraps up week with gains

TORONTO: Canada’s main stock index gained on Friday, wrapping up the week on a positive note, helped by gains in...

Published 26 Feb, 2024 05:07am

Peshawar varsity holds youth awareness event

PESHAWAR: In the face of increasing disasters and environmental challenges, a groundbreaking series of board and...

Published 26 Feb, 2024 05:07am

Pending dues paid to 53 civilians on order of Ombudsman

LAHORE: Due to the efforts of the Ombudsman Punjab, pending dues of more than 7.5 million and 58 thousand rupees of...

Published 26 Feb, 2024 05:07am

Sindh Community Foundation forms MSC for better health

HYDERABAD: MultiSectoral Committee (MSC) at the District level was formed by the Sindh Community Foundation under...

Published 26 Feb, 2024 05:07am

‘Startup and Entrepreneurial Boot Camp’ organised

PESHAWAR: KUBIC, the business incubation center of KMU, collaborated with 3Majors Pvt Ltd organised a dynamic...

Published 26 Feb, 2024 05:07am

ATIR’s appointment: IHC summons law secretary

ISLAMABAD: Chief Justice of Islamabad High Court has summoned Law Secretary to submit the relevant record in a...

Published 26 Feb, 2024 05:07am

Rates

PSX witnesses bullish trend

KARACHI: Pakistan Stock Exchange witnessed bullish trend and recorded healthy gains during the outgoing week ended ...

Published 26 Feb, 2024 05:07am

Rates

Futures spread dips 7.9pc

KARACHI: The futures spread declined by 1974bps to 7.90 percent on the last day of the outgoing week. Trading...

Published 26 Feb, 2024 05:07am

Rates

PKR stands flat

KARACHI: The rupee stood flat against the US dollar during the previous week in the inter-bank market. The local ...

Published 26 Feb, 2024 05:07am

Rates

Automart: car prices in Karachi

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

Published 26 Feb, 2024 05:07am

The Weather

KARACHI: The weather report on Sunday (February 25, 2024) and the forecast for Monday (February 26, 2024)....

Published 26 Feb, 2024 05:07am

LGH selects 84 nurses for specialization courses

LAHORE: As many as 84 nurses of Lahore General Hospital (LGH) have been selected for specialization courses in...

Published 26 Feb, 2024 05:07am

Event marks a leap towards advancing global education

LAHORE: The International Baccalaureate (IB), in collaboration with the Association of IB World Schools in Pakistan...

Published 26 Feb, 2024 05:07am

Businessmen demand amendments to APTTA 2010

PESHAWAR: Businessmen have demended amendments in Afghanistan-Pakistan Transit Trade Agreement (APTTA) 2010 through...

Published 26 Feb, 2024 05:07am

FPCCI BMP for early completion of Pak-Iran gas pipeline project

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

Published 26 Feb, 2024 05:07am

Shehbaz should form a broad-based govt: business community leader

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

Published 26 Feb, 2024 05:07am

Slashing the profit on national savings

EDITORIAL: A notification issued by Finance Ministry slashed profit rates on the following on offer by the Central...

Published 26 Feb, 2024 05:07am

Unsustainable population growth

EDITORIAL: Rapid population rise widely recognised as a major challenge to this country’s socio-economic progress,...

Published 26 Feb, 2024 05:07am

Commodities

Upward trend in prices of essential food items witnessed

PESHAWAR: Upward trend in prices of essential food commodities witnessed in the retail market. A weekly market ...

Published 26 Feb, 2024 05:07am

BASF plans more German cuts even as group profit set to rebound

FRANKFURT: Germany’s BASF will slash another 1 billion euros ($1.1 billion) in annual costs at its Ludwigshafen...

Published 26 Feb, 2024 05:07am

Thai Jan export growth fastest in 19 months

BANGKOK: Thailand’s exports rose year-on-year for the sixth consecutive month in January and at a faster pace and...

Published 26 Feb, 2024 05:07am

KPEZDMC’s total assets surge to Rs16.75bn

PESHAWAR: The 8th Annual General Meeting (AGM) of Khyber Pakhtunkhwa Economic Zone Development and Management ...

Published 26 Feb, 2024 05:07am

Amendments to rules required in order to promote fish exports: expert

PESHAWAR: Omar Hayat Khan, an expert on fisheries and aquaculture, has said that the recent amendments in Pakistan...

Published 26 Feb, 2024 05:07am

New imported vehicles: IPO amended

ISLAMABAD: The government has amended Import Policy Order (IPO), 2022, to declare that new imported new cars/...

Updated 26 Feb, 2024 09:47am

Recovery from Discos thru account attachments: IHC seeks names of LTO officers

ISLAMABAD: The Islamabad High Court (IHC) has taken serious notice of the persistent breach of its orders in the...

Updated 26 Feb, 2024 09:04am

Jhimpir wind project: SIFC asks Nepra, PPIB to resolve issues

ISLAMABAD: The Special Investment Facilitation Council (SIFC) Secretariat has reportedly pushed the National...

Updated 26 Feb, 2024 09:49am

Jewellery sector: ECC forms body to prepare viable plan

The inter-ministerial committee will also prepare viable plan for enhancement of tax collection

Updated 26 Feb, 2024 10:11am

Kharian-Pindi Motorway: NHA recommends PC-1

ISLAMABAD: The National Highway Authority (NHA) Executive Board recommended the PC-I for the approval of Central...

Updated 26 Feb, 2024 09:03am

Developing world: WTO launches $50m fund for female entrepreneurs

ABU DHABI: The director general of the World Trade Organisation, Ngozi Okonjo-Iweala, on Sunday launched a $50...

Updated 26 Feb, 2024 09:04am

Gazette notifications of some winning NA candidates still pending

ISLAMABAD: As the cut-off date of February 29 for the President to summon the new National Assembly session nears,...

Updated 26 Feb, 2024 09:49am

Sporting events: Cabinet allows PTV to make payments to Indian broadcasters

ISLAMABAD: The caretaker cabinet has allowed the Pakistan Television Corporation (PTVC) to make payments to Indian...

Updated 26 Feb, 2024 09:03am

Humanitarian aid sent to Gaza

ISLAMABAD: Pakistan on Sunday dispatched seventh tranche of humanitarian assistance for Gaza, consisting of ...

Updated 26 Feb, 2024 09:50am

Sindh assembly: Awais elected speaker, Anthony deputy speaker

KARACHI: The Sindh Assembly on Sunday elected Syed Awais Qadir Shah as its 16th Speaker and Anthony Naveed as Deputy...

Updated 26 Feb, 2024 09:48am

Health, education critical for women’s empowerment: Alvi

ISLAMABAD: President of Pakistan Dr Arif Alvi has said that the provision of health and education facilities is...

Updated 26 Feb, 2024 09:03am

Facilitating taxpayers: KPRA’s registration drive to begin today

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has announced to launch a two-week registration drive from...

Published 26 Feb, 2024 05:07am

FPCCI for rationalising electricity, gas tariffs

KARACHI: Saquib Fayyaz Magoon, Acting President FPCCI, has echoed the collective concerns of the entire business,...

Published 26 Feb, 2024 05:07am

Taxes

KP business community seeks 5-year tax holiday

PESHAWAR: Members of the business community demanded the government to announce a five-year of tax-holiday for...

Published 26 Feb, 2024 05:07am

Taxes

SCCI, FBR to form body to resolve issues

PESHAWAR: Sarhad Chamber of Commerce and Industry President Fuad Ishaq and Member Operation, Federal Board of ...

Published 26 Feb, 2024 05:07am

Taxes

High FED on cigarettes helps boost tax revenue, reduce consumption

ISLAMABAD: The government’s policy decision to raise the Federal Excise Duty (FED) on cigarettes has resulted in a...

Published 26 Feb, 2024 05:07am

Money & Banking

Australia, NZ dlrs gains

SYDNEY: The Australian dollar was aiming for a third straight week of gains on Friday as it benefits from carry...

Published 26 Feb, 2024 05:07am

Money & Banking

Sterling set for first weekly rise vs dollar

LONDON: Sterling was on track for its first weekly rise versus the dollar since mid-January on increasing risk...

Published 26 Feb, 2024 05:07am

Money & Banking

African countries urge WTO to save cotton sectors

ABU DHABI: African cotton-producing countries called Sunday for the WTO to find a solution to cotton trade...

Published 26 Feb, 2024 05:07am

Industry

FCCI acting president assures support for resolving SME sector issues

FAISALABAD: The SME sector is the growth engine of the economy and problems confronted by it must be resolved on top...

Published 26 Feb, 2024 05:07am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 3	278.63
USD PKR Interbank Buying / Jan 3	27,843
USD to Japanese Yen / Jan 3	157.26
USD to Swiss Franc / Jan 3	0.91
Pound Sterling to USD / Jan 3	1.24
Euro to USD / Jan 3	1.03

Stock	Volume
S&P 500 / Jan 3	5,942.47
India Sensex / Jan 3	79,223.11
Tokyo Nikkei / Jan 3	39,894.54
Nasdaq / Jan 3	19,621.68
Hang Seng / Jan 3	19,760.27
FTSE 100 / Jan 3	8,223.98
Dow Jones / Jan 3	42,732.13
Germany DAX 30 / Jan 3	19,906.08

Item	Value
Crude Oil USD/Barrel / Jan 3	73.96
Gold 10 Grams PKR / Jan 3	243,488.40
Gold Spot USD/Ounce / Jan 3	2,640.22
Cotton US¢/pound / Jan 3	67.66
Karachi Cotton PKR/37.32 KG / Jan 4	18,285
Petrol/Litre / Jan 5	252.66

Gainers
Losers
Leaders

Stock	Price
Tri-Star Power / Jan 3 Tri-Star Power Limited(TSPL)	6.87 ▲ 1.00 (17.04%)
Dewan Textile / Jan 3 Dewan Textile Mills Limited(DWTM)	7.50 ▲ 0.70 (10.29%)
Pak Gulf Leasing / Jan 3 Pak-Gulf Leasing Company Limited(PGLC)	28 ▲ 2.55 (10.02%)
Asim Textile / Jan 3 Asim Textile Mills Limited(ASTM)	14.72 ▲ 1.34 (10.01%)
Bannu Woollen / Jan 3 Bannu Woollen Mills Limited(BNWM)	39.34 ▲ 3.58 (10.01%)
Ali Asghar / Jan 3 Ali Asghar Textile Mills Limited(AATM)	87.12 ▲ 7.92 (10.00%)
AL-Ghazi Tractors / Jan 3 Al-Ghazi Tractors Limited(AGTL)	692.63 ▲ 62.97 (10.00%)
Arpak Int. / Jan 3 Arpak International Investments Ltd.(ARPAK)	76.89 ▲ 6.99 (10.00%)
Chakwal Spinning / Jan 3 Chakwal Spinning Mills Limited(CWSM)	79.30 ▲ 7.21 (10.00%)

Stock	Price
Khairpur Sug. / Jan 3 Khairpur Sugar Mills Limited(KPUS)	165.85 ▼ -18.43 (-10.00%)
Pak Paper Prod / Jan 3 Pakistan Paper Products Limited(PPP)	163.24 ▼ -18.14 (-10.00%)
Jubilee Spinning / Jan 3 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.81 ▼ -1.19 (-9.92%)
National Silk / Jan 3 The National Silk & Rayon Mills Limited(NSRM)	49.96 ▼ -5.48 (-9.88%)
Al-Khair Gadoon / Jan 3 Al-Khair Gadoon Limited(AKGL)	37.50 ▼ -3.95 (-9.53%)
Escorts Bank / Jan 3 Escorts Investment Bank Limited(ESBL)	6.22 ▼ -0.63 (-9.20%)
Intermarket Securities / Jan 3 Intermarket Securities Limited(IMS)	67.01 ▼ -6.76 (-9.16%)
Premium Textile / Jan 3 Premium Textile Mills Limited(PRET)	365.10 ▼ -34.90 (-8.72%)
Shahzad Tex. / Jan 3 Shahzad Textile Mills Limited(SZTM)	27.30 ▼ -2.57 (-8.60%)

Stock	Volume
Fauji Foods Ltd / Jan 3 Fauji Foods Limited(FFL)	89,478,727 ▲ 0.26
WorldCall Telecom / Jan 3 Worldcall Telecom Limited(WTL)	72,529,816 ▼ -0.06
Telecard Limited / Jan 3 Telecard Limited(TELE)	61,073,411 ▼ -0.38
Cnergyico PK / Jan 3 Cnergyico PK Limited(CNERGY)	56,752,893 ▲ 0.01
Fauji Cement / Jan 3 Fauji Cement Company Limited(FCCL)	54,319,935 ▼ -2.12
Pace (Pak) Ltd. / Jan 3 Pace (Pakistan) Limited(PACE)	47,336,133 ▲ 0.00
K-Electric Ltd. / Jan 3 K-Electric Limited(KEL)	47,012,733 ▼ -0.21
B.O.Punjab / Jan 3 The Bank of Punjab(BOP)	37,387,280 ▲ 0.11
Bank Makramah / Jan 3 Bank Makramah Limited(BML)	34,237,257 ▲ 0.25

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