News Archives for Print - 2024-03-02

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Print - 2024-03-02

Global condemnation follows deadly Israeli gunfire near aid convoy

GAZA STRIP, Palestinian Territories: Global condemnation flowed on Friday after Israeli forces in war-ravaged Gaza...

Published 02 Mar, 2024 04:16am

Gaza famine ‘almost inevitable’: UN

GENEVA: Famine in the Gaza Strip is almost inevitable unless the Israel-Hamas war changes, the United Nations said...

Published 02 Mar, 2024 04:16am

Iranians polls: conservatives expected to dominate

TEHRAN: Iranians voted on Friday in elections for parliament and a key clerical body, amid fears of a low turnout ...

Published 02 Mar, 2024 04:16am

Plots scam: SJC ends proceedings in relation to pleas against former judge

ISLAMABAD: The Supreme Judicial Council (SJC), on Friday, concluded its proceedings on the complaints filed against...

Published 02 Mar, 2024 04:16am

‘Eat Safe Kids Campaign’ launched

LAHORE: The Punjab Food Authority in collaboration with the school education department and special education...

Published 02 Mar, 2024 04:16am

CM imposes ban on postings, transfers in Punjab

LAHORE: Punjab Chief Minister Maryam Nawaz has slapped a ban on any kind of postings and transfers in the province....

Published 02 Mar, 2024 04:16am

‘Making entire Punjab spotless’: Punjab govt launches cleanliness campaign

LAHORE: The Punjab government on Friday launched the ‘one month cleanliness and sanitation campaign’ to make...

Published 02 Mar, 2024 04:16am

Violence outside Zaman Park: Imran Riaz remanded to police custody

LAHORE: An Anti Terrorism Court on Friday remanded anchorperson Imran Riaz Khan in five-day police custody in a case...

Published 02 Mar, 2024 04:16am

British HC, Punjab CM discuss exchange of technology

LAHORE: British High Commissioner Jane Marriott met with Punjab Chief Minister Maryam Nawaz Sharif here on Friday ...

Published 02 Mar, 2024 04:16am

Rain-hit Gwadar: NDMA, PDMA asked to step up relief efforts

ISLAMABAD: The Senate on Friday directed the National Disaster Management Authority (NDMA) and the Provincial...

Published 02 Mar, 2024 04:16am

AGC of APNS to meet today

KARACHI: The Annual General Council of the All Pakistan Newspapers Society will meet on March 02, 2024 at 11:00 a.m....

Published 02 Mar, 2024 04:16am

Power supply to Karachi remains stable: KE

KARACHI: Electricity supply to Karachi remained stable amidst intermittent showers throughout the day. KE teams...

Published 02 Mar, 2024 04:16am

Intermittent rains lash Karachi

KARACHI: The city on Friday saw intermittent rainy spells with thunderstorms as the Met Office forecast a drop in...

Published 02 Mar, 2024 04:16am

UVAS hosts Poultry TECH Summit organized by NAP

LAHORE: The University of Veterinary & Animal Sciences (UVAS) Lahore hosted a Poultry TECH Summit organized by...

Published 02 Mar, 2024 04:16am

Targeted ransomware attacks increased globally

ISLAMABAD: Targeted ransomware groups have grown in numbers and are notorious for attacking governments, ...

Published 02 Mar, 2024 04:16am

SU-IBA to host 1st TEDx conference on 5th

HYDERABAD: The Sindh University’s Institute of Business Administration (IBA) will organize its first TEDx...

Published 02 Mar, 2024 04:16am

Punjab govt to create digital record of population

LAHORE: The Punjab Government, under the leadership of Chief Minister Maryam Nawaz Sharif, has taken a historic step...

Published 02 Mar, 2024 04:16am

JI sets up rain emergency centres

KARACHI: Jamaat-e-Islami (JI) on Friday set up the rain emergency response centres, volunteering its party offices ...

Published 02 Mar, 2024 04:16am

Interim bail of PTI leader extended

ISLAMABAD: A local court on Friday extended the interim bail of Pakistan Tehreek-e-Insaf (PTI) leader Aamir Masood...

Published 02 Mar, 2024 04:16am

Gurmani Centre for languages, literature at LUMS launched

LAHORE: The Gurmani Centre for Languages and Literature at LUMS held a launch ceremony to unveil its inaugural...

Published 02 Mar, 2024 04:16am

‘Sources of LGs income being improved with World Bank’s support’

LAHORE: Punjab Local Government Secretary Dr Ahmed Javed Qazi has said that with the support of the World Bank, the...

Published 02 Mar, 2024 04:16am

Careem, DUHS agree to offer discount packages for students

KARACHI: Careem and Dow University of Health Sciences have announced a collaboration aimed at improving student...

Published 02 Mar, 2024 04:16am

Alvi for increased cooperation between Pak, Azerbaijan audit institutions

ISLAMABAD: President Dr Arif Alvi has called for increasing cooperation between the supreme audit institutions of...

Published 02 Mar, 2024 04:16am

The Weather

KARACHI: The weather report on Friday (March 01, 2024) and the forecast for Saturday (March 02, 2024)...

Published 02 Mar, 2024 04:16am

Rates

PSX sees another bullish session

KARACHI: Pakistan Stock Exchange on Friday witnessed another bullish session and extended its gains on the back of...

Published 02 Mar, 2024 04:16am

Gandapur elected CM KP

PESHAWAR: The Pakistan Tehreek-e-Insaf-backed independent lawmaker Ali Amin Gandapur was elected as the 22nd Khyber...

Published 02 Mar, 2024 04:16am

NA Speaker, Deputy Speaker elected amid uproar

ISLAMABAD: Pakistan’s new parliament elected a speaker on Friday, despite protests from lawmakers loyal to jailed...

Published 02 Mar, 2024 04:16am

OGDCL announces ESG policy

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has taken a significant stride towards sustainability...

Updated 02 Mar, 2024 10:13am

Rs4.25/lit premium on petrol adjusted

ISLAMABAD: Interim government on Friday adjusted Rs4.25 per litre premium on petrol and 26 paisa on high-speed...

Updated 02 Mar, 2024 09:25am

Cotton & Textile

Local cotton market remains stable

LAHORE: The local cotton market on Friday remained stable and the trading volume remained limited. Cotton Analyst...

Published 02 Mar, 2024 04:16am

Stocks

AI mania, dip in yields drive S&P, Nasdaq higher

NEW YORK: The S&P 500 and Nasdaq climbed on Friday as chipmakers extended gains on persistent AI-frenzy, while a...

Published 02 Mar, 2024 04:16am

Stocks

Europe’s STOXX 600 hits record high in strong start to March

PARIS: Europe’s benchmark index hit a new record high on Friday propelled by rate-sensitive stocks, with investors...

Published 02 Mar, 2024 04:16am

Stocks

China stocks ends higher for third week on policy hopes

SHANGHAI: China shares posted a third straight weekly gain on Friday amid market support measures, while investors...

Published 02 Mar, 2024 04:16am

Stocks

UAE markets advance as oil prices gain

DUBAI: Stock markets in the United Arab Emirates advanced on Friday, tracking rising crude prices, as investors...

Published 02 Mar, 2024 04:16am

Stocks

Tokyo’s Nikkei index ends nearly 2pc up

TOKYO: Tokyo stocks ended sharply higher on Friday following gains in US tech stocks, with the key Nikkei index...

Published 02 Mar, 2024 04:16am

Letters

‘A political cul-de-sac’

This is apropos a Letter to the Editor titled “A political cul-de-sac” carried by the newspaper yesterday. It is...

Published 02 Mar, 2024 04:16am

Commodities

Gold prices rise

KARACHI: Gold on Friday posted further increase in its prices on the local market but silver remained unmoved,...

Published 02 Mar, 2024 04:16am

Feb 8 elections: FO says Pakistan cannot be ‘instructed’ by any foreign country

ISLAMABAD: The Foreign Office said on Friday that Pakistan, being an independent and sovereign country cannot be...

Published 02 Mar, 2024 04:16am

Kashif Manzoor appointed CEO Confiz

KARACHI: Confiz, a leading professional services company, announced the appointment of Kashif Manzoor as its new...

Published 02 Mar, 2024 04:16am

Completion of Sindh Basic Education Programme celebrated

KARACHI: The United States, in partnership with the Sindh Government, on Friday celebrated the successful completion...

Published 02 Mar, 2024 04:16am

Rescuing Pakistan

For over three decades, Pakistan’s energy sector has grappled with the persistent issue of circular debt, casting a...

Updated 02 Mar, 2024 04:38am

Challenging times

With the unfolding of a new chapter in Pakistan’s checkered political history, the much turbulent and fought for...

Updated 02 Mar, 2024 04:37am

Dangers of urban flooding

Pakistan is among the most affected countries by climate change. The irony of the situation is that while the...

Updated 02 Mar, 2024 04:37am

Islamabad DC Memon, others awarded 6-month imprisonment

ISLAMABAD: The Islamabad High Court (IHC) awarded six months imprisonment to Islamabad Deputy Commissioner (DC) ...

Published 02 Mar, 2024 04:16am

Nawaz reaches out to embittered Fazl

ISLAMABAD: In a major move, prior to the elections of the Prime Minister scheduled on Sunday in the National ...

Published 02 Mar, 2024 04:16am

ATC confirms pre-arrest bails of IK in 4 cases

LAHORE: An Anti Terrorism Court on Friday confirmed the pre-arrest bail of former PTI chairman Imran Khan in four...

Published 02 Mar, 2024 04:16am

PARTLY FACETIOUS: Aik Zardari sab par bhari?

“Some renaming is required.” “The Man Who Must Remain Nameless…” “No, leave him be, he has no name as...

Published 02 Mar, 2024 04:16am

Yasmin granted bail by ATC

LAHORE: An Anti Terrorism Court (ATC) on Friday allowed bail to PTI president Punjab Dr Yasmin Rashid in a May 09...

Published 02 Mar, 2024 04:16am

Energy

NTDC completes M-2 crossing for 220kV transmission line

LAHORE: The National Transmission and Despatch Company (NTDC) has accomplished the Motorway M-2 crossing work (36th...

Published 02 Mar, 2024 04:16am

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 02 Mar, 2024 04:16am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (March 01, 2024). ========================== KIBOR...

Published 02 Mar, 2024 04:16am

Forex

Open market rates of foreign currencies

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

Published 02 Mar, 2024 04:16am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (March 01, 2024). ======================== Open Bid Rs...

Published 02 Mar, 2024 04:16am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (March 01, 2024)....

Published 02 Mar, 2024 04:16am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (March 01, 2024). ==================================== BR...

Published 02 Mar, 2024 04:16am

Jul-Feb trade deficit falls 30.2pc to $14.87bn YoY

ISLAMABAD: Pakistan’s trade deficit narrowed down by 30.18 percent in the first eight months (July-February) of the...

Updated 02 Mar, 2024 09:23am

Sovereign dollar bonds rally ahead of PM’s election

LONDON: Pakistan’s sovereign dollar-denominated bonds rallied in advance of weekend elections for prime minister,...

Updated 02 Mar, 2024 08:39am

Sri Lanka awards energy deal to India after rejecting China

COLOMBO: Sri Lanka on Friday awarded the construction of three solar and wind hybrid power generation facilities to...

Published 02 Mar, 2024 04:16am

Ramazan package: Rs6.48bn allocated

Rs3.474 billion subsidy to be provided for atta, followed by Rs1.610 billion for sugar, and Rs1.4 billion for ghee

Updated 02 Mar, 2024 02:17pm

Feb CPI-based inflation up 23.1pc YoY

ISLAMABAD: The Consumer Price Index (CPI)-based inflation increased to 23.1 percent on a year-on-year basis in...

Updated 02 Mar, 2024 08:39am

MQM-P, PML-N reach formal agreement

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) and Muttahida Quami Movement (MQM-P) have reached a formal agreement...

Updated 02 Mar, 2024 05:39pm

Nepra approves modification in generation licence of Wapda

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved modification in the generation...

Updated 02 Mar, 2024 08:42am

Payment to Chinese IPPs: Power Division allowed to draw Rs4bn from PERA

ISLAMABAD: The Finance Division has allowed Power Division to draw Rs4 billion from Pakistan Energy Revolving...

Updated 02 Mar, 2024 04:13pm

Weekly SPI up 1.27pc

ISLAMABAD: The Sensitive Price Index (SPI) for the week ended on February 29, 2024, increased by 1.27 per cent due...

Updated 02 Mar, 2024 08:38am

FBR extends T&T system to tiles sector

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to implement the Track and Trace system on the...

Published 02 Mar, 2024 04:16am

PML-N, PPP Senators assail IK over letter to IMF

ISLAMABAD: Senators belonging to coalition parties – Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party...

Updated 02 Mar, 2024 08:38am

Money & Banking

Asian currencies tepid after soft US inflation

BENGALURU: Asian currencies kept tight ranges while stocks were mixed on Friday, after data showed US inflation at a...

Published 02 Mar, 2024 04:16am

Millat Tractors Ltd celebrates 60 years of excellence

LAHORE: Millat Tractor Ltd, the leading manufacturer of agricultural tractors, farm machinery & power generators...

Published 02 Mar, 2024 04:16am

Money & Banking

BOP clinches ‘Best SME Bank in Pakistan’ title

LAHORE: The Bank of Punjab is thrilled to receive the prestigious title of “The Best SME Bank in Pakistan” ...

Published 02 Mar, 2024 04:16am

Money & Banking

Citi announces head of banking and executive vice chair of bank

KARACHI: Citi on Thursday announced that Viswas (“Vis”) Raghavan will join Citi as Head of Banking and Executive...

Published 02 Mar, 2024 04:16am

Unaccounted for gas

EDITORIAL: One can only wish SSGC (Sui Southern Gas Company) good luck as it goes about meeting its own ambitious...

Published 02 Mar, 2024 04:16am

Protecting women farmers

EDITORIAL: If there was any doubt about the lack of recognition and reward for women’s labour in the country’s...

Published 02 Mar, 2024 04:16am

UK delegation visits LCCI to engage counterparts in B2B meetings

LAHORE: On Friday, a 40-member delegation from the United Kingdom paid a visit to the Lahore Chamber of Commerce and...

Published 02 Mar, 2024 04:16am

Money & Banking

CY2023: BankIslami unveils after-tax profit of Rs11.04bn

KARACHI: BankIslami has announced its remarkable financial results for the year ended December 31, 2023. The bank...

Published 02 Mar, 2024 04:16am

‘Insurance of power sector infrastructure can attract local, foreign investment’

KARACHI: The insurance of energy sector infrastructure in Pakistan is not only indispensable to mitigate the risk of...

Published 02 Mar, 2024 04:16am

Taxes

SRB clarifies supply chain management, distribution services

KARACHI: The Sindh Revenue Board (SRB) has clarified that supply chain management and distribution (including...

Published 02 Mar, 2024 04:16am

Taxes

SPARC asks govt to prioritise increasing taxes on cigarettes

ISLAMABAD: The Society for the Protection of the Rights of the Child (SPARC) on Friday asked the government to...

Published 02 Mar, 2024 04:16am

Money & Banking

SBP to hold 1st edition of Pakistan Financial Literacy Week

KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad will inaugurate Pakistan Financial Literacy Week (PFLW)...

Published 02 Mar, 2024 04:16am

Taxes

Deduction of WHT: Pipe maker fails to shift onus on tax dept

LAHORE: A pipe manufacturer failed to shift onus on the tax department against deduction of withholding tax without...

Published 02 Mar, 2024 04:16am

Minister asks Pharma industry to focus on exports

ISLAMABAD: The caretaker Federal Minister for National Health Services and Regulations, Dr Nadeem Jan on Friday ...

Published 02 Mar, 2024 04:16am

Foreign loans curse for Pakistan: PDP Chairman

KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor said foreign loans are a curse for Pakistan. We pay...

Published 02 Mar, 2024 04:16am

Focus urged on responsible AI-driven digital economy

LAHORE: A two-day policy dialogue on “digitisation and artificial intelligence: opportunities and challenges in...

Published 02 Mar, 2024 04:16am

Empowering entrepreneurs: FIWC offers up to Rs20m grant for women-centric businesses

KARACHI: The Karandaaz-backed Financial Inclusion of Women Challenge (FIWC) 2024 grants initiative (worth up to Rs20...

Published 02 Mar, 2024 04:16am

Money & Banking

Bank Alfalah announces expansion of partnership with BISP

ISLAMABAD: In a remarkable feat towards social empowerment, Bank Alfalah, one of the largest commercial banks in...

Published 02 Mar, 2024 04:16am

Money & Banking

Dollar gains on yen on cautious BOJ

NEW YORK: The dollar gained against the Japanese yen on Friday after Bank of Japan (BOJ) governor Kazuo Ueda said it...

Published 02 Mar, 2024 04:16am

Industry

Concern over rise in crime in small industrial estates

LAHORE: In response to the alarming increase in the incidents of pilferage and thefts within the Small Industrial...

Published 02 Mar, 2024 04:16am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37
France CAC40 / Dec 17	7,365.70
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	8 ▲ 0.89 (12.52%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Leather Up Ltd. / Dec 18 Leather Up Limited(LEUL)	26.74 ▲ 2.43 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)
B.R.R. Guardian / Dec 18 B.R.R. Guardian Limited(BRRG)	21.24 ▲ 1.93 (9.99%)

Stock	Price
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Dawood Lawrencepur / Dec 18 Dawood Lawrencepur Limited(DLL)	211.50 ▼ -23.50 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.14
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.21
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.47
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.02
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.65
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.27
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.18
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -3.43
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.21

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