News Archives for Print - 2024-05-06

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Print - 2024-05-06

Palestine and pseudo-democracy in a free Orwellian world

“I am in blood,” Macbeth says, “stepped in so far that should I wade no more,/returning were as tedious as go...

Updated 06 May, 2024 06:59am

First CM Pink Games: Maryam mingles with players

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif participated in the first Chief Minister Pink Games closing...

Updated 06 May, 2024 06:08am

The Weather

KARACHI: The weather report on Sunday (May 05, 2024) and the forecast for Monday (May 06, 2024)....

Published 06 May, 2024 05:30am

Red Line BRT to be first biogas-powered bus service: Sharjeel

KARACHI: Sindh Senior Minister and Provincial Minister for Information, Transport and Mass Transit, Excise, Taxation...

Published 06 May, 2024 05:30am

PM greets Sadiq Khan on re-election as London’s mayor

ISLAMABAD: Prime Minister Shehbaz Sharif has congratulated Sadiq Khan on his re-election as Mayor of London. In a...

Published 06 May, 2024 05:30am

Faizabad dharna commission submits report to SC

ISLAMABAD: The Faizabad dharna inquiry commission report was submitted to the Supreme Court by the Attorney...

Published 06 May, 2024 05:30am

Saylani Trust marks 25th anniversary of continuous charitable work

KARACHI: The Saylani Welfare International Trust has reached a milestone of 25 years of continuous charitable work,...

Published 06 May, 2024 05:30am

Hafiz Naeem, Iranian envoy discuss bilateral ties, other issues

LAHORE Iran Ambassador to Pakistan Reza Amiri-Moghaddam met with Jamaat-e-Islami Chief Hafiz Naeem ur Rehman on...

Published 06 May, 2024 05:30am

Punjab wraps up special polio drive in 10 high-risk districts

LAHORE: Punjab has wrapped up special polio campaign in 10 high-risk districts with polio eradication programme head...

Published 06 May, 2024 05:30am

Wining T20 World Cup: PCB chief announces $100,000 cash award to each player

LAHORE: The Pakistan Cricket Board (PCB) chairman has announced cash award of $100,000 to each player, if they win...

Published 06 May, 2024 05:30am

Ties between UAF, Syrian varsities to be strengthened

FAISALABAD: Ties between the Syrian universities and University of Agriculture Faisalabad will be strengthened...

Published 06 May, 2024 05:30am

Maryam meets S. Korean envoy

LAHORE: “We want to take benefit from Korean technology for industrial development,” said Punjab Chief Minister...

Published 06 May, 2024 05:30am

South Asia

Top Afghan diplomat in India quits after $2m gold smuggling reports

NEW DELHI: Afghanistan’s top diplomat in India resigned days after she was reportedly caught by airport ...

Published 06 May, 2024 05:30am

South Asia

Indian air force corporal killed in IIOJK

OCCUPIED SRINAGAR: An Indian air force member was killed and four more injured when suspected Mujahideen ambushed a...

Published 06 May, 2024 05:30am

Israeli police raid Al Jazeera after shutdown order

OCCUPIED JERUSALEM/DOHA: Israeli police raided a Jerusalem hotel room used by Al Jazeera as its de facto office on...

Published 06 May, 2024 05:30am

Middle East

Hamas, Israel entrench positions at Gaza truce talks

GAZA STRIP: Talks to reach a Gaza truce resumed Sunday, a Hamas source said, but public disagreement between the...

Published 06 May, 2024 05:30am

South Asia

BD reopens schools as searing temperatures drop

DHAKA: Schools in Bangladesh reopened on Sunday and classes were continuing over the weekend after a searing ...

Published 06 May, 2024 05:30am

Asia

North Korea UN envoy says new sanctions panel will fail

SEOUL: North Korea’s ambassador to the United Nations said efforts to set up a new panel to monitor sanctions...

Published 06 May, 2024 05:30am

Africa

Kenya floods death toll at 228 as crisis persists

NAIROBI: Kenya said Sunday that the death toll from weeks of devastating rains and floods had risen to 228 and ...

Published 06 May, 2024 05:30am

Africa

Niger receives new Russian advisors, equipment

NIAMEY, (Niger): New Russian military advisors and military equipment have arrived in Niger, according to state...

Published 06 May, 2024 05:30am

Floods in Brazil kill 55, force 70,000 from homes

PORTO ALEGRE (Brazil): Raging floods and mudslides have killed at least 55 people in southern Brazil and forced...

Published 06 May, 2024 05:30am

ADL warns of global surge in anti-Semitism

NEW YORK: The Anti-Defamation League on Sunday warned that “the future of Jewish life in the West” was under...

Published 06 May, 2024 05:30am

Xi praises French ties as Macron prepares to talk trade

PARIS: President Xi Jinping lauded China’s ties with France as an international model on Sunday as he arrived in...

Published 06 May, 2024 05:30am

USA

Dozens arrested in weekend of protests on US campuses

NEW YORK: Police on Saturday arrested at least 25 pro-Palestinian protesters and cleared an encampment at the...

Published 06 May, 2024 05:30am

Two TTP terrorists killed in Rawalpindi

LAHORE: Two terrorists of Tehreek-e-Taliban Pakistan (TTP) were killed during a police encounter in Rawalpindi, a...

Published 06 May, 2024 05:30am

JI seeks action against K-E for ‘violating’ decisions made by Nepra

KARACHI: Jamaat-e-Islami (JI) Karachi interim Ameer Munim Zafar has written a letter to the chairman National...

Published 06 May, 2024 05:30am

Stocks

Gulf bourses end higher as Fed cut hopes rise

DUBAI: Stock markets in the Gulf ended higher on Sunday, led by the Qatar index, after slowing US jobs growth in...

Published 06 May, 2024 05:30am

Stocks

FTSE 100 hits record high as data boosts sentiment

LONDON: Britain’s FTSE 100 hit a fresh record high on Friday, led by gains in homebuilder stocks, while...

Published 06 May, 2024 05:30am

Stocks

Financials, consumer staples lift Sri Lankan shares

BENGALURU: Sri Lankan shares closed higher on Friday, aided by gains in financial and consumer staples stocks. The...

Published 06 May, 2024 05:30am

Stocks

Wall Street Week Ahead: US small caps struggle as elevated interest rates take a toll

NEW YORK: The prospect of interest rates remaining elevated as the Federal Reserve battles inflation is further...

Published 06 May, 2024 05:30am

Dar greets Gambian president for organising OIC summit

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar held a bilateral meeting with President of the...

Published 06 May, 2024 05:30am

Letters

The quest for recovery of Rs2.7 trillion revenue

That the tax litigation system in Pakistan has long been afflicted by inordinate delays, bureaucratic hurdles, and a...

Published 06 May, 2024 05:30am

Inflation expectations: normalcy in sight?

The recent data points and trends suggest that inflation is likely to come down at a faster pace than expected. This...

Updated 06 May, 2024 07:04am

Redemption of the power sector

A host of sectoral lacunas prevailing in the energy sector have yet to be tackled leave alone overcome and the...

Updated 06 May, 2024 07:04am

Rates

Futures spread up 107bps

KARACHI: The futures spread increased by 107bps to 10.43 percent on the last day of the outgoing week. Trading...

Published 06 May, 2024 05:30am

Rates

PSX remains under pressure

KARACHI: Pakistan Stock Exchange remained under pressure during the outgoing week ended on May 03, 2024 due to...

Published 06 May, 2024 05:30am

Rates

A marginal increase

KARACHI: The rupee registered a marginal increase against the US dollar in the previous week as it gained Re0.18 or...

Published 06 May, 2024 05:30am

SAU, consortium of Chinese universities to establish int’l joint lab

HYDERABAD: In a groundbreaking collaboration with a consortium of Chinese universities, Sindh Agriculture University...

Published 06 May, 2024 05:30am

Karachi: CM vows to improve law and order situation

KARACH: Sindh Chief Minister Syed Murad Ali Shah has vowed to maintain peace in Karachi at any cost, saying that the...

Published 06 May, 2024 05:30am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday May 05, 2024

Published 06 May, 2024 05:30am

Commodities

Peshawar: prices of most kitchen items remain unchanged

PESHAWAR: Prices of important kitchen items remained unchanged in the retail market. A weekly survey carried out by...

Published 06 May, 2024 05:30am

Cotton & Textile

Weekly Cotton Review: Prices slump amid dismal business volumes

KARACHI: The decline in cotton prices continued during the previous week. Business volume is extremely low. The...

Published 06 May, 2024 05:30am

Two key members of ‘Shar gang’ killed: Bugti tribe joins police in katcha area operation

KARACHI: Two notorious dacoits were killed in fierce clash between forces and a gang of katcha area in joint...

Published 06 May, 2024 05:30am

Dar shows concern over Israel’s ongoing brutal military onslaught against Palestinians

ISLAMABAD: Pakistan has expressed deep concern over Israel’s ongoing “brutal military onslaught” against the...

Published 06 May, 2024 05:30am

Energy

Minister says Thar coal best suited for gasification

KARACHI: Sindh Minister for Energy, Planning and Development Syed Nasir Hussain Shah presided over a meeting on ...

Published 06 May, 2024 05:30am

Asfandyar’s son Aimal elected ANP president

PESHAWAR: Aimal Wali Khan, the son of veteran politician Asfandyar Wali Khan, has been elected as the central...

Published 06 May, 2024 05:30am

KP to launch Rs1bn youth entrepreneurship programme

PESHAWAR: The provincial government of Khyber Pakhtunkhwa has decided to launch a “Youth Entrepre-neurship...

Published 06 May, 2024 05:30am

KEMU students visit Alhamra Museum

LAHORE: Venturing into the realm of cultural enlightenment, 50 students from King Edward Medical University embarked...

Published 06 May, 2024 05:30am

Zong 4G joins hands with SehatYab

KARACHI: Zong 4G has partnered with SehatYab to offer a comprehensive suite of mental health services for its ...

Published 06 May, 2024 05:30am

‘Exam season: Power load-shedding tormenting students, says expert

KARACHI: As A and O level students are going through their examinations while exams of matriculation would start ...

Published 06 May, 2024 05:30am

PDP demands govt take action against tax evaders

KARACHI: The tax evaders and black economy mafia bosses are putting a strong resistance to the bids of government to...

Published 06 May, 2024 05:30am

Money & Banking

Weak dollar boosts Latam FX, stocks

BRASILIA: Most Latin American currencies climbed on Friday, with the Brazilian real touching a three-week high ...

Published 06 May, 2024 05:30am

Money & Banking

Banks, real estate stocks lead gains in Aussie shares

SYDNEY: Australian shares ended higher for a second straight session on Friday, led by financial and real estate...

Published 06 May, 2024 05:30am

Saudi Arabia posts budget deficit of $3.30bn in Q1

RIYADH: Saudi Arabia posted a budget deficit of 12.387 billion riyals ($3.30 billion) in the first quarter of 2024,...

Published 06 May, 2024 05:30am

Maersk’s net profit sinks amid Red Sea attacks

COPENHAGEN: Danish shipping giant Maersk posted a huge drop in net profit for the first quarter on Thursday as ...

Published 06 May, 2024 05:30am

PIAF delegation meets minister: ‘Govt to take business-friendly initiatives for economic growth’

LAHORE: Federal Minister for Industries and Production Rana Tanveer Hussain has expressed the hope that the...

Updated 06 May, 2024 09:23am

SLIC’s 2023 business growth uncovers Pakistan’s untapped potential

KARACHI: The State Life Insurance Corporation of Pakistan (SLIC) has disclosed its outstanding financial...

Published 06 May, 2024 05:30am

KP’s traders: SCCI, FPCCI vow to raise issues before federal govt

PESHAWAR: President, Sarhad Chamber of Commerce and Industry (SCCI) Fuad Ishaq and Federation of Pakistan Chambers ...

Published 06 May, 2024 05:30am

Budget 2024-25: SPDC proposes 37pc increase in FED on tobacco products

ISLAMABAD: The Social Policy Development Centre (SPDC) has proposed a 37 percent increase in Federal Excise Duty...

Updated 06 May, 2024 09:01am

Industry

Systems Limited hosts US ambassador Donald Blome

LAHORE: Systems Limited, Pakistan’s premier provider of IT and IT enabled services, had the distinct honor of...

Published 06 May, 2024 05:30am

Export of goods to Afghanistan, CAR: KP exporters seek incentives in PKR

PESHAWAR: All Khyber Pakhtunkhwa Exporters Association during a meeting held at Landikotal city of Khyber District...

Updated 06 May, 2024 09:17am

Need stressed to implement much delayed TTS

ISLAMABAD: Prime Minister Shehbaz Sharif’s recent commitment to robust tax enforcement has underscored the urgent...

Updated 06 May, 2024 09:02am

Industry

Pak Int’l Poultry Expo 2024 organised

PESHAWAR: The Departments of Livestock, Agriculture, Government of Khyber Pakhtunkhwa in joint collaboration with...

Published 06 May, 2024 05:30am

Money & Banking

Sterling shrugs off local election to focus on US payrolls data

LONDON: Sterling rose on Friday against a weakening dollar ahead of US jobs data due later in the day, while local...

Published 06 May, 2024 05:30am

Stable economy requires ‘long-term thinking’, says Rehmat Hasnie

KARACHI: The path to a stable economy requires long-term thinking. Consistent policies are essential to attract...

Published 06 May, 2024 05:30am

MENA

‘Beygumbano’ talks colonialism and capitalism at World Art Dubai 2024

Sparking “great curiosity” among art aficionados at World Art Dubai 2024, Pakistani artist Eemaan Bano Rahman lauded...

Updated 06 May, 2024 06:06pm

The Maulana wasn’t entirely wrong

EDITORIAL: Politics is a fickle business. JUI-F (Jamiat Ulema-e-Islam Pakistan) chief Maulana Fazlur Rehman headed...

Published 06 May, 2024 05:30am

Hurting growth of formal economy

EDITORIAL: At a time when the federal government and finance minister are all talking about documenting the economy...

Published 06 May, 2024 05:30am

Wheat worth Rs330bn imported in 7 months

ISLAMABAD: Wheat worth 330 billion rupees was imported in seven months—from August 2023 to March 2024—and 1.3...

Updated 06 May, 2024 09:19am

Blocking SIMs of non-filers: FBR decides to summon telcos’ operators

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to call all telecom operators at the FBR Headquarters to...

Updated 06 May, 2024 09:18am

147MW Patrind HPP: Nepra disposes of SHPL motion for review

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has disposed of a review motion of Star Hydro...

Updated 06 May, 2024 09:16am

Saudi business team arrives

ISLAMABAD: A high-level Saudi business delegation arrived in Pakistan on Sunday with the aim of signing agreements...

Updated 06 May, 2024 08:59am

Fast-track solar PV projects by Arab countries: FBR asked to amend sales tax, income tax laws

The government is actively working towards the development of solar PV projects utilizing the G2G mode

Updated 06 May, 2024 09:25am

Pakistan, China vow to complete CPEC projects

ISLAMABAD: Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar and Vice Chairman of the Standing Committee...

Updated 06 May, 2024 09:15am

IMF says its mission to visit this month

KARACHI: An International Monetary Fund mission is expected to visit Pakistan this month to discuss a new programme,...

Updated 06 May, 2024 09:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Petrol/Litre / Apr 17	254.63
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Diesel/Litre / Apr 17	258.64
Cotton US¢/pound / Apr 17	66.66

Gainers
Losers
Leaders

Stock	Price
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	7.04 ▲ 0.96 (15.79%)
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
Nimir Resins / Apr 17 Nimir Resins Limited(NRSL)	42.45 ▲ 3.86 (10%)
Frontier Ceram / Apr 17 Frontier Ceramics Limited(FRCL)	27.49 ▲ 2.5 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.05 ▼ -0.33 (-23.91%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.49 ▼ -0.45 (-11.42%)
Fateh Ind. / Apr 17 Fateh Industries Limited(FIL)	119.55 ▼ -13.28 (-10%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.80 ▼ -1.6 (-9.76%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.25 ▼ -1.35 (-9.25%)
Aisha Steel(ConPS) / Apr 17 Aisha Steel(ConPS)(ASLPS)	15.12 ▼ -1.5 (-9.03%)
Mughal Energy / Apr 17 Mughal Energy Limited(GEM)(GEMMEL)	20.05 ▼ -1.97 (-8.95%)
Pak Leather / Apr 17 Pak Leather Crafts Limited(PAKL)	27.28 ▼ -2.66 (-8.88%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.97 ▼ -4.25 (-7.84%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,764,541 ▲ 4.74
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,171,574 ▲ 0.18
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,820,069 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,830,477 ▲ 1.12
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,603,549 ▲ 4.71
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,798,216 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,550,445 ▲ 0.23
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,524 ▲ 1.38
United BankXD / Apr 17 United Bank Limited(UBL)	10,963,196 ▲ 16.32
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,940,030 ▲ 0.12

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