News Archives for Print - 2024-03-18

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Print - 2024-03-18

Europe

Breakaway Georgian region is discussing becoming part of Russia

MOSCOW: South Ossetia, a region that broke away from Georgia and calls itself an independent state, has discussed...

Published 18 Mar, 2024 04:56am

Putin wins Russia election in landslide with record turnout

MOSCOW: President Vladimir Putin won a record post-Soviet landslide in Russia’s election on Sunday, cementing his...

Published 18 Mar, 2024 04:56am

Niger revokes military accord with US

NIAMEY: Niger’s ruling junta has revoked with immediate effect a military accord that allows military personnel ...

Published 18 Mar, 2024 04:56am

Defence minister steps up criticism of PTI

SIALKOT: Defence Minister Khawaja Asif has said that the PTI has kept ‘terrorists’ in its defence line. “The...

Published 18 Mar, 2024 04:56am

Blinken arrives in S Korea

SEOUL: US Secretary of State Antony Blinken arrived Sunday in South Korea on the first stop of a brief Asia tour ...

Published 18 Mar, 2024 04:56am

South Asia

India’s ‘lottery king’ emerges as top political donor in opaque system

NEW DELHI: India’s “lottery king”, accused by the authorities of fraud and money laundering, has emerged with...

Published 18 Mar, 2024 04:56am

TikTok’s US revenue hits $16bn as Washington threatens ban, FT reports

BENGALURU: China’s ByteDance-owned TikTok posted revenue of about $16 billion last year in the United States, ...

Published 18 Mar, 2024 04:56am

Europe

Spanish farmers stage fresh protests in Madrid

MADRID: Hundreds of farmers paraded through the Spanish capital on foot and by tractor on Sunday in the latest...

Published 18 Mar, 2024 04:56am

USA

Trump hails election as ‘most important date’ in US history

VANDALIA (United States): Donald Trump told a rally in Ohio on Saturday that November’s presidential election will...

Published 18 Mar, 2024 04:56am

HBL-PSL-9 title: Islamabad United, Multan Sultans set to battle

LAHORE: Islamabad United will face table toppers Multan Sultans in the final of the HBL-PSL-9 being staged at...

Published 18 Mar, 2024 04:56am

PMD forecasts dry weather

ISLAMABAD: Pakistan Meteorological Department (PMD) has forecast mainly dry weather for most parts of the country...

Published 18 Mar, 2024 04:56am

CCPO directs strict action against kite manufacturers

LAHORE: The CCPO Bilal Siddique Kamyana has directed to take strict action against kite manufacturers and dealers,...

Published 18 Mar, 2024 04:56am

Greece boat tragedy: FIA blacklists 87 officers across country

ISLAMABAD: In response to the report of the Libya and Greece boat accident, the Federal Investigation Agency (FIA)...

Published 18 Mar, 2024 04:56am

PIC introduces minimally invasive heart surgery techniques

PESHAWAR: The Peshawar Institute of Cardiology (PIC-MTI) has unveiled minimally invasive technique for heart surgery...

Published 18 Mar, 2024 04:56am

Body of Pakistani killed in Germany to arrive today

ISLAMABAD: The body of a Pakistan man killed in knife attack in Germany will be airlifted to Karachi for burial ...

Published 18 Mar, 2024 04:56am

The Weather

KARACHI: The weather report on Sunday (March 17, 2024) and the forecast for Monday (March 18, 2024)....

Published 18 Mar, 2024 04:56am

‘PM shares agenda aimed at stabilising economy’: Elements behind campaign against martyrs to face stern action: Tarar

LAHORE: Federal Minister for Information and Broadcasting Attaullah Tarar said on Sunday the government was fully...

Published 18 Mar, 2024 04:56am

NA-207: Aseefa files nomination papers

SHAHEED BENAZIRABAD: Pakistan People’s Party (PPP) leader Aseefa Bhutto Zardari submitted nomination paper for...

Published 18 Mar, 2024 04:56am

Faisal Masjid seeks applications for Aitekaf

ISLAMABAD: Faisal Masjid is set to host 300 individuals for Aitekaf, a revered Islamic tradition of seclusion and...

Published 18 Mar, 2024 04:56am

Man gets 7-month jail for 2nd marriage without first wife’s consent

LAHORE: A family court awarded a seven-month imprisonment to a man for contracting a second marriage without the...

Published 18 Mar, 2024 04:56am

Tree-plantation drive in KP’s economic zones in full swing

PESHAWAR: Tree plantation campaign in all economic zones of Khyber Pakhtunkhwa is full-swing across the province....

Published 18 Mar, 2024 04:56am

Senate polls: scrutiny of nomination papers scheduled for tomorrow

ISLAMABAD: The scrutiny of nomination papers for the forthcoming Senate elections, encompassing 48 vacant seats is...

Published 18 Mar, 2024 04:56am

Bilawal condemns terror attack in NW

ISLAMABAD: Chairman Pakistan Peoples Party, Bilawal Bhutto Zardari has expressed deep sorrow over the martyrdom of...

Published 18 Mar, 2024 04:56am

Martyrs are collective assets of nation: PTI

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Sunday said that the martyrs are the collective assets of the nation,...

Published 18 Mar, 2024 04:56am

PM highlights role of educated youth in country’s uplift

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif highlighted the pivotal role of educated and skilled youth in...

Published 18 Mar, 2024 04:56am

Punjab Police’s welfare initiatives lauded: Shahid Afridi visits Police Animal Rescue Centre

LAHORE: Pakistan cricket team’s former captain and star cricketer Shahid Afridi became a fan of Punjab Police’s...

Published 18 Mar, 2024 04:56am

People’s trust critical to judiciary’s existence: Justice Mandokhel

ISLAMABAD: Justice Jamal Khan Mandokhel said a judge is appointed for the interest of general public and his ...

Published 18 Mar, 2024 04:56am

SCF sets up 10 ‘Literacy Centres’ for women agriculture workers

HYDERABAD: Women’s literacy plays a role in a healthy and prosperous society; this was discussed at the ceremony...

Published 18 Mar, 2024 04:56am

CM Punjab visits Kot Lakhpat jail

LAHORE: Chief Minister Punjab Maryam Nawaz visited the Central Jail Kot Lakhpat Sunday and broke fast with the women...

Published 18 Mar, 2024 04:56am

Gandapur seeks enhanced ADB cooperation

PESHAWAR: KP Chief Minister Ali Amin Gandapur has sought enhancement of cooperation and partnership with Asian...

Published 18 Mar, 2024 04:56am

Gandapur visits Dera Ismail Khan

PESHAWAR: Chief Minister Khyber Pakhtunkhwa Ali Amin Khan Gandapur on Sunday reached Dera Ismail Khan on his first...

Published 18 Mar, 2024 04:56am

Aurangzeb: legitimate expectations?

Expectations are extremely high with the appointment of Muhammad Aurangzeb as finance minister on 11 March 2024 – ...

Published 18 Mar, 2024 04:56am

Re-aligning NFC: coalition govt faces a challenge from within

Reportedly, the IMF (International Monetary Fund) has requested resumption of dialogue on the National Finance...

Published 18 Mar, 2024 04:56am

Policy rate: a cut is likely?

Despite a decline in inflation, overall costs are still growing this year in comparison to prior years. Regarding...

Published 18 Mar, 2024 04:56am

Letters

We salute our soldiers

This is apropos a letter to the Editor “Terrorism in Pakistan: Iran can be a solution?” carried by the newspaper...

Published 18 Mar, 2024 04:56am

Self-sufficiency versus loan dependence

As Pakistan steps into critical discussions with the International Monetary Fund (IMF), it’s confronting immense...

Published 18 Mar, 2024 04:56am

Stocks

Wall Street Week Ahead: Fracturing ‘Magnificent Seven’ trade puts spotlight on megacap valuations

NEW YORK: Diverging fortunes for the massive technology and growth names that have propelled the US stock market...

Published 18 Mar, 2024 04:56am

Stocks

Gulf markets cautious ahead of Fed meeting

DUBAI: Most stock markets in the Gulf dropped or stayed steady on Sunday as investors weighed the interest rate...

Published 18 Mar, 2024 04:56am

Stocks

FTSE 100 closes lower under impact of baby formula fine

LONDON: A 13% slide in Reckitt Benckiser shares dragged the UK’s blue-chip index lower on Friday, after one of its...

Published 18 Mar, 2024 04:56am

Stocks

Sri Lankan shares end higher as financials gain

BENGALURU: Sri Lankan shares rose for a tenth consecutive session on Friday, helped by gains in financials and...

Published 18 Mar, 2024 04:56am

Foreign investment: Ministry under pressure to open up insurance sector

SECP Chairman Akif Saeed says that draft Insurance Ordinance had been shared with the Ministry of Commerce

Updated 18 Mar, 2024 09:53am

Manually or electronically: President says taxpayers to get equal treatment

ISLAMABAD: President of Pakistan has ruled that the filers of income tax returns manually would now be able to enjoy...

Updated 18 Mar, 2024 09:54am

Leghari made minister for Power Div

ISLAMABAD: As the worsening blackouts continue to signal economic distress, Prime Minister Shehbaz Sharif on Sunday...

Updated 18 Mar, 2024 09:55am

Rates

PSX remains under pressure

KARACHI: Pakistan Stock Exchange remained under pressure during the outgoing week ended on March 15, 2024 as the...

Published 18 Mar, 2024 04:56am

Rates

Futures spread up 772bps

KARACHI: The futures spread increased by 772bps to 22.30 percent on the last day of the outgoing week. Trading...

Published 18 Mar, 2024 04:56am

Iran inks big contracts to increase oil production

TEHRAN: Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil...

Updated 18 Mar, 2024 08:55am

330MW Mine-Mouth Project at Thar coal fields: PPIB seeks update from KE on buying process

ISLAMABAD: Private Power & Infrastructure Board (PPIB) has urged K-Electric (KE) to share update on initiation...

Updated 18 Mar, 2024 09:51am

Brownfield Refinery Policy: PM for arranging signing ceremony of refinery upgrade agreements

ISLAMABAD: Prime Minister Shehbaz Sharif has directed Petroleum Division to arrange signing ceremony of refinery...

Updated 18 Mar, 2024 08:55am

Air Chief given one-year extension

ISLAMABAD: In an unprecedented move, weeks after taking over as prime minister, Shehbaz Sharif on Sunday gave Air...

Updated 18 Mar, 2024 11:19am

World Bank downgrades performance of $200m KPHCIP

ISLAMABAD: The World Bank has downgraded the performance of Khyber Pakhtunkhwa Human Capital Investment Project...

Updated 18 Mar, 2024 09:50am

FBR restructuring plan: Major impediment to implementation seems to be bureaucracy itself

ISLAMABAD: The interaction of new Finance Minister with Federal Board of Revenue’s team clearly reflects FM’s...

Updated 18 Mar, 2024 09:51am

Israeli PM vows to invade Rafah despite world ‘pressure’

GAZA STRIP, (Palestinian Territories): Israeli Prime Minister Benjamin Netanyahu vowed Sunday to send ground forces...

Updated 18 Mar, 2024 08:58am

Zardari heaps praise on martyred soldiers, salutes them

ISLAMABAD: The funeral prayers of two army officers – Lt Col Syed Kashif Ali and Capt Muhammad Ahmed Badar – who...

Updated 18 Mar, 2024 09:21am

Rates

Marginal gains

KARACHI: The rupee increased marginally for the third consecutive week as it gained Re0.30 or 0.10% against the US...

Published 18 Mar, 2024 04:56am

Energy

PSA rejects smear campaign, reaffirms commitment to its mission

LAHORE: Pakistan Solar Association (PSA), dedicated to the advancement of renewable energy in Pakistan, reaffirms ...

Published 18 Mar, 2024 04:56am

Commodities

Prices of essential food items witness rising trend

PESHAWAR: Prices of essential food commodities, including vegetables, live chicken/meat, fruits, vegetables, grocery...

Published 18 Mar, 2024 04:56am

Energy

Pesco imposes Rs1.58bn fines during ongoing operations

PESHAWAR: During ongoing drive against power theft, Peshawar Electric Supply Company has removed 49000 directs hooks...

Published 18 Mar, 2024 04:56am

Grains

Sindh govt to start wheat procurement process on 20th

KARACHI: Sindh Food Minister, Jam Khan Shoro, announced today that the Sindh government is gearing up to kickstart...

Published 18 Mar, 2024 04:56am

Cotton & Textile

Weekly Cotton Review: Rates stable despite decreased business volumes

KARACHI: The prices of cotton remained stable despite decreased business volume in the local cotton market. Textile...

Published 18 Mar, 2024 04:56am

Insurance claims: FIO sets up ‘Ramazan emergency cell’

KARACHI: The Federal Insurance Ombudsman (FIO) has announced significant relief for the public sitting in...

Published 18 Mar, 2024 04:56am

PAJCCI for improving goods clearance situation at Torkham border

PESHAWAR: Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) has requested Corps Commander Peshawar for...

Published 18 Mar, 2024 04:56am

Body to help curtail govt expenditure

EDITORIAL: Prime Minister Shehbaz Sharif has formed a seven-member committee tasked to curtail government expenses...

Published 18 Mar, 2024 04:56am

An anti-Muslim legislation

EDITORIAL: The far-right Hindu nationalist government of Prime Minister Narendra Modi had enacted the highly...

Published 18 Mar, 2024 04:56am

Vietnam faces $3bn annual crop losses from rising saltwater levels

HANOI: Vietnam faces nearly $3 billion a year in crop losses as more saltwater seeps into arable land, state media...

Published 18 Mar, 2024 04:56am

EU, Egypt agree 7.4bn euro deal focussed on energy, migration

CAIRO: The EU chief and five European leaders visited cash-strapped Egypt on Sunday to announce a 7.4-billion-euro...

Published 18 Mar, 2024 04:56am

Tight monetary stance needed in many emerging European economies: IMF

BUDAPEST: Underlying inflation in central, eastern and southeastern Europe is stronger than in advanced economies,...

Published 18 Mar, 2024 04:56am

Sri Lanka’s economy shrank 2.3pc in 2023

COLOMBO: Sri Lanka’s economy shrank 2.3 percent in 2023, official data showed on Friday, as the island nation...

Published 18 Mar, 2024 04:56am

Further hike in power tariffs to raise cost-push inflation: economist

KARACHI: Ateeq ur Rehman, economic & financial analyst, has said that any further increase in electricity prices...

Published 18 Mar, 2024 04:56am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday March 17, 2024

Published 18 Mar, 2024 04:56am

KPRA collects Rs28bn in eight months: DG

PESHAWAR: Director General Khyber Pakhtunkhwa Revenue Authority (KPRA) Fouzia Iqbal has said that the authority has...

Published 18 Mar, 2024 04:56am

NA Speaker, Iranian envoy discuss economic ties

ISLAMABAD: Iranian Ambassador Dr Amiri Moghaddam on Sunday called on Speaker National Assembly Ayaz Sadiq and...

Published 18 Mar, 2024 04:56am

Money & Banking

Australia, NZ dollars slip

SYDNEY: The Australian and New Zealand dollars were near their lows for the week on Friday after another upside...

Published 18 Mar, 2024 04:56am

Money & Banking

Canadian dollar extends weekly decline

TORONTO: The Canadian dollar weakened to a nine-day low against its US counterpart on Friday as long-term borrowing...

Published 18 Mar, 2024 04:56am

Money & Banking

Indian rupee closes weaker

MUMBAI: The Indian rupee closed lower on Friday, tracking a fall in Asian peers, after US bond yields surged in ...

Published 18 Mar, 2024 04:56am

Money & Banking

Sterling on track for weekly fall versus dollar

LONDON: Sterling was set for its biggest weekly fall against the dollar since December on Friday, as investors ...

Published 18 Mar, 2024 04:56am

Money & Banking

BoK, CMGP sign MoU to provide Shariah- Compliant Consumer Financing

PESHAWAR: Bank of Khyber (BoK) has signed MoU with Capital Metropolitan Government, Peshawar (CMGP) to provide their...

Published 18 Mar, 2024 04:56am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	155.66
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
Nasdaq / Jan 21	19,756.78
Dow Jones / Jan 21	44,025.81
India Sensex / Jan 22	76,197.90
Tokyo Nikkei / Jan 22	39,646.25
Hang Seng / Jan 22	19,778.77
FTSE 100 / Jan 22	8,579.82
Germany DAX 30 / Jan 22	21,258.81

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Crude Oil USD/Barrel / Jan 22	75.52
Gold Spot USD/Ounce / Jan 22	2,751.94
Cotton US¢/pound / Jan 22	67.34
Petrol/Litre / Jan 23	256.13

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.49 ▲ 0.96 (10.07%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	24.29 ▲ 2.21 (10.01%)
Pak Elektron (Pref) / Jan 22 Pak Elektron Limited (Preference)(PELPS)	14.94 ▲ 1.36 (10.01%)
Ashfaq Textile / Jan 22 Ashfaq Textile Mills Limited(ASHT)	15.51 ▲ 1.41 (10.00%)
Crescent Cotton / Jan 22 Crescent Cotton Mills Limited(CCM)	54.45 ▲ 4.95 (10.00%)
Fecto Cement / Jan 22 Fecto Cement Limited(FECTC)	116.40 ▲ 10.58 (10.00%)
Fateh Sports / Jan 22 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10.00%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.30 ▼ -0.70 (-11.67%)
Nagina Cot. / Jan 22 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Zahid Jee Textile / Jan 22 Zahidjee Textile Mills Limited(ZAHID)	27.21 ▼ -3.00 (-9.93%)
Gulistan Sp. / Jan 22 Gulistan Spinning Mills Limited(GUSM)	11.58 ▼ -1.26 (-9.81%)
TPL Life Insur. / Jan 22 TPL Life Insurance Limited(TPLL)	51 ▼ -5.50 (-9.73%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.05 ▼ -5.27 (-9.70%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	55.98 ▼ -5.92 (-9.56%)
Mari Energies / Jan 22 Mari Energies Limited(MARI)	598 ▼ -61.53 (-9.33%)
Hala Enterprise / Jan 22 Hala Enterprises Limited(HAEL)	12.10 ▼ -1.21 (-9.09%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.04
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	99,158,485 ▼ -0.07
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	83,500,175 ▲ 3.03
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.02
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.23
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.08
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 1.04
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.10
Fauji Foods Ltd / Jan 22 Fauji Foods Limited(FFL)	18,601,390 ▼ -0.41

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