News Archives for Print - 2024-05-13

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Print - 2024-05-13

Egypt says to support South Africa ICJ case against Israel

CAIRO: Egypt on Sunday announced its intention to formally support South Africa’s case at the International Court of...

Updated 13 May, 2024 09:04am

UK newspaper groups warn Apple over ad-blocking plans, FT reports

LONDON: British newspaper groups have warned Apple that any move to impose a so-called “web eraser” tool to ...

Published 13 May, 2024 06:08am

Killing of Sikh activist: Canada arrests fourth Indian national

MONTREAL: A fourth Indian na-tional was charged by Canadian authorities Saturday in the 2023 killing of a separatist...

Published 13 May, 2024 06:08am

South Asia

Rescuers struggle to reach Afghanistan flood-hit areas

SHEIKH JALAL, (Afghanistan): Emergency aid and rescue teams struggled on Sunday to reach areas of northern...

Published 13 May, 2024 06:08am

Putin proposes sacking Defence Minister Shoigu

MOSCOW: Russian President Vladimir Putin has proposed replacing his defence minister and long-term ally, Sergei...

Published 13 May, 2024 06:08am

Russia claims more advances in Ukraine’s Kharkiv region

UKRAINE: Russia said Sunday it had captured four more villages in Ukraine’s Kharkiv region, as thousands of...

Published 13 May, 2024 06:08am

Former US Marine pilot arrested in Australia

SYDNEY: A former US Marine pilot fighting extradition from Australia on US charges of training Chinese military...

Published 13 May, 2024 06:08am

Middle East

Powerful Iraqi cleric Sadr girds for political comeback

NAJAF: Powerful Iraqi Shia Muslim cleric Moqtada al-Sadr is laying the groundwork for a political comeback two years...

Published 13 May, 2024 06:08am

Committee led by Cabinet Secretary all set to approve amendments to Rules of Business

ISLAMABAD: The Secretaries Committee headed by the Cabinet Secretary is all set to approve amendments in Rules of...

Published 13 May, 2024 06:08am

TNS Beaconhouse and IAP collaborate to explore role of ‘school design’ in learning

LAHORE: TNS Beaconhouse in collaboration with the Institute of Architects of Pakistan (IAP) recently hosted an event...

Published 13 May, 2024 06:08am

Egypt’s Zakaria wins 16th CNS International Squash Championship 2024

KARACHI: Mohamad Zakaria clinched the title of 16th CNS International Squash Championship 2024. Closing ceremony of...

Published 13 May, 2024 06:08am

Balochistan’s power crisis: JI chief urges immediate action

QUETTA: Jamaat-e-Islami chief Hafiz Naeemur Rehman demanded on Sunday that the government immediately address the...

Published 13 May, 2024 06:08am

Minister highlights peaceful culture of Sindh

KARACHI: Sindh Minister of Tourism, Culture, Antiquities and Archives Syed Zulfiqar Ali Shah has said that the...

Published 13 May, 2024 06:08am

Price hike: Govt urged to learn a lesson from AJK protests

KARACHI: The violent protests in Azad Jammu and Kashmir (AJK) should be eye-opener for the government that is...

Published 13 May, 2024 06:08am

Khalid Maqbool elected MQM-P chairman

KARACHI: The MQM-Pakistan committee has unanimously elected Khalid Maqbool Siddiqui as the party chairman. The...

Published 13 May, 2024 06:08am

JI demands judicial probe into ‘May 12 mayhem’

KARACHI: Jamaat-e-Islami (JI) Karachi interim Ameer Munim Zafar has demanded a judicial commission over the May 12...

Published 13 May, 2024 06:08am

PTI leader says AJK situation likely to escalate

KARACHI: Pakistan Tehreek-e-Insaf (PTI) Sindh chapter President Haleem Adil Sheikh said on Sunday that those who...

Published 13 May, 2024 06:08am

Four ‘terrorists’ killed in CTD operation in Lahore

LAHORE: Four terrorists involved in the killing of policemen in Lahore, were shot dead in the firing of their...

Published 13 May, 2024 06:08am

Hyderabad Division: Every village to be given water, drainage and storm water drain schemes: CM

HYDERABAD: Sindh Chief Minister Syed Murad Ali Shah, on the demand of the people of rural areas announced that every...

Published 13 May, 2024 06:08am

Waiver of passport fee for residents of border area proposed

QUETTA: A high-level meeting was held at the Chief Minister’s Secretariat on Sunday to review the Pak-Afghan ...

Published 13 May, 2024 06:08am

Middle East

Iran conservatives tighten grip in parliament vote

TEHRAN: Iran’s conservatives and ultra-conservatives clinched more seats in a partial rerun of the country’s...

Published 13 May, 2024 06:08am

Middle East

Palestinian public sector salaries squeezed

RAMALLAH: The Palestinian Authority said on Sunday the Israeli finance ministry was continuing to withhold tax...

Published 13 May, 2024 06:08am

Middle East

27 killed in renewed clashes in Sudan’s El-Fasher: UN

PORT SUDAN: Clashes reignited between the Sudanese army and rival paramilitaries earlier this week in the key Darfur...

Published 13 May, 2024 06:08am

The Weather

KARACHI: The weather report on Sunday (May 12, 2024) and the forecast for Monday (May 13, 2024)....

Published 13 May, 2024 06:08am

T20I World Cup: Zaka expresses ‘good wishes’ for team

LAHORE: Former Chairman Pakistan Cricket Board (PCB) Ch. Zaka Ashraf has expressed good wishes for Pakistan team in...

Published 13 May, 2024 06:08am

Traffic police checking point

KARACHI: The Traffic Police Department has established a Naka Point at Abdul Sattar Edhi Road, Main Sea View, Phase...

Published 13 May, 2024 06:08am

KP, EU join hands to equip youth with market-oriented skills

PESHAWAR: The provincial government of Khyber Pakhtunkhwa with the support of European Union has launched a new ...

Published 13 May, 2024 06:08am

Habib University holds exhibition to showcase its students’ projects

KARACHI: Habib University has organised an exhibition for its students to showcase capstone projects of the...

Published 13 May, 2024 06:08am

Dar to arrive in Beijing today

BEIJING: Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar will arrive here on Monday on an official...

Published 13 May, 2024 06:08am

Pakistan calls for UN-led cyber capacity-building mechanism

UNITED NATIONS: Pakistan has underscored the need for a permanent cyber capacity building mechanism under the UN,...

Published 13 May, 2024 06:08am

Speaker summons parliamentary leaders’ meeting today

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq has called a meeting of parliamentary leaders on Monday at...

Published 13 May, 2024 06:08am

Rehabilitation of flood-affected people, construction of 2.1m houses top priority: CM

HYDERABAD: Sindh Chief Minister Syed Murad Ali Shah has said that the people of Sindh awarded a great success to the...

Published 13 May, 2024 06:08am

Schools, colleges: Punjab announces vacation schedule

LAHORE: With temperatures rising across Pakistan, Punjab has announced its summer vacation schedule for schools and...

Published 13 May, 2024 06:08am

Governor says ‘Road to Makkah’ project will be successful

KARACHI: Sindh Governor Kamran Tessori emphasized the success of the ‘Road to Makkah’ project during his address...

Published 13 May, 2024 06:08am

Sindh CM highlights importance of C-ARTS

HYDERABAD: Sindh Chief Minister Syed Murad Ali Shah has said that the Center for Autism Rehabilitation and Training,...

Published 13 May, 2024 06:08am

Bilawal stresses need for judicial reforms

LAHORE: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari addressed a seminar on the topic of “Bhutto...

Published 13 May, 2024 06:08am

PESCO chief holds successful facebook kachehri

PESHAWAR: In a groundbreaking initiative, PESCO Chief Engineer Akhtar Hamid Khan held a Facebook Kachehri (online...

Published 13 May, 2024 06:08am

Cohort-I, Batch-V of Pre-Service NFDP launched

PESHAWAR: The National Academy of Higher Education (NAHE), Higher Education Commission (HEC) launched Cohort-I,...

Published 13 May, 2024 06:08am

FPCCI seeks comprehensive tax reforms

LAHORE: To address the issue of tax collection, Federation of Pakistan Chambers of Commerce and Industry (FPCCI)...

Updated 13 May, 2024 09:03am

Aurangzeb spells out priorities

Says improving tax-to-GDP ratio, fast privatisation of state-owned enterprises and overhauling energy sector are priorities of the government

Updated 13 May, 2024 10:12am

Ali Pervez will join team: Aurangzeb

LAHORE: Pakistan Muslim League-Nawaz (PML-N) leader Ali Pervez Malik MNA is joining the government economic team....

Updated 13 May, 2024 11:17am

Economist urges broader reforms in tax administration

LAHORE: Former Finance Minister Dr Hafiz A Pasha has expressed the hope that Pakistan might achieve 13 percent tax...

Updated 13 May, 2024 09:04am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday May 12, 2024

Published 13 May, 2024 06:08am

Stocks

Sri Lankan shares end higher

BENGALURU: Sri Lankan shares rose for a second straight session on Friday, helped by gains in consumer staples and...

Published 13 May, 2024 06:08am

Stocks

Most Gulf bourses rise; Egypt drops

DUBAI: Most stock markets in the Gulf ended higher on Sunday, amid rising oil prices, while the Saudi index slid...

Published 13 May, 2024 06:08am

Stocks

FTSE 100 extends record hitting streak as UK exits recession

LONDON: Britain’s FTSE 100 hit a record high for a fifth straight session on Friday as investors cheered the Bank...

Published 13 May, 2024 06:08am

Stocks

Latam stocks, FX end week on muted note

BRASILIA: Currencies and stocks in resources-rich Latin America traded in a tight range near the unchanged mark, in ...

Published 13 May, 2024 06:08am

Stocks

Wall Street Week Ahead: Earnings bolster US stocks but crucial inflation report looms

NEW YORK: A strong earnings season and blockbuster reports from tech industry titans fueled a US stock market ...

Published 13 May, 2024 06:08am

Strategy for sustainable growth: Energy-efficient textile industry

Since 2000, there has been a significant outburst in the global energy consumption, paralleled by Pakistan’s rising...

Published 13 May, 2024 06:08am

Japanese singer enthrals audience at NAPA

KARACHI: Japanese singer Kenta Shoji took the audience at the National Academy of Performing Arts-NAPA to an...

Published 13 May, 2024 06:08am

Commodities

Prices of essential food items show a declining trend

PESHAWAR: Mixed trend in prices of essential food commodities was witnessed in the retail market, according to a...

Published 13 May, 2024 06:08am

Letters

Seeking guidance from Prof Dercon

In an interesting but a very important development Prime Minister Shehbaz Sharif has constituted a six-member...

Published 13 May, 2024 06:08am

Tax reforms: Aurangzeb has a difficult road ahead

Reportedly, the IMF expects FBR tax revenues to grow by over 30 percent in the upcoming fiscal year (FY25). However,...

Published 13 May, 2024 06:08am

Growth model needs to be long term

Pakistan has never achieved impressive growth rates in its history with the highest rate (average) achieved in the...

Published 13 May, 2024 06:08am

Experts for energy conservation, industrialisation

LAHORE: During a session on “Powering Pakistan’s Future: Strategies to Address the Energy Crisis” jointly organized...

Updated 13 May, 2024 09:28am

Cotton & Textile

Weekly Review: Amid low business, cotton prices decline

KARACHI: Cotton prices declined amid very low business. Limited quantity of cotton is available now and arrival of...

Published 13 May, 2024 06:08am

Foreign companies: BoI seeks details of special deployment policy from SBP

ISLAMABAD: Board of Investment (BoI) is said to have sought details of Local Deployment Policy from the State Bank...

Updated 13 May, 2024 09:21am

With heavy agenda, SIFC to meet tomorrow

ISLAMABAD: The Special Investment Facilitation Council (SIFC) is all set to hold session-II of 9th meeting of new...

Updated 13 May, 2024 11:12am

Donors pledge over $2bn for Gaza at Kuwait conference

KUWAIT CITY: A conference of international donors in Kuwait pledged over $2 billion in aid to Gaza Sunday as UN...

Published 13 May, 2024 06:08am

Rates

PSX witnesses bullish trend

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on May 10, 2024 due to fresh...

Published 13 May, 2024 06:08am

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 13 May, 2024 06:08am

Rates

Marginal increase

KARACHI: The rupee registered a marginal increase for the second consecutive week as it gained Re0.09 or 0.03%...

Published 13 May, 2024 06:08am

AJK: President, PM for resolving issues through dialogue

ISLAMABAD: President Asif Ali Zardari has urged all the stakeholders to exercise restraint and resolve the issues in...

Updated 13 May, 2024 09:22am

Govt urged to adopt QR code-based TTS

ISLAMABAD: Pakistan Polypropylene Woven Sack Manufactures Association has proposed the government that QR code-based...

Updated 13 May, 2024 09:04am

JI refuses to align with opposition alliance

ISLAMABAD: Jamaat-e-Islami (JI) refused to align with the opposition alliance while emphasizing the need for...

Published 13 May, 2024 06:08am

Blocking SIM cards of non-filers: LTO Islamabad to assist FBR

ISLAMABAD: Large Taxpayer Office (LTO) Islamabad would fully assist the Federal Board of Revenue (FBR) to enforce...

Updated 13 May, 2024 09:26am

Companies

QatarEnergy acquires stake in two Egypt offshore blocks

DOHA: QatarEnergy said Sunday it had acquired two offshore gas exploration blocks from Egypt with a 40-percent...

Published 13 May, 2024 06:08am

China’s exports and imports return to growth, signalling demand recovery

BEIJING: China’s exports and imports returned to growth in April after contracting in the previous month, customs...

Published 13 May, 2024 06:08am

South Korea to set up $7bn aid package for chip industry

SEOUL: South Korea will set up an aid package worth more than $7 billion to support its chip industry, the finance...

Published 13 May, 2024 06:08am

Money & Banking

C$ steady against US dollar

TORONTO: The Canadian dollar steadied against its broadly stronger US counterpart on Friday, with the currency...

Published 13 May, 2024 06:08am

Money & Banking

Indian rupee closes little changed

MUMBAI: The Indian rupee closed nearly flat on Friday, tracking subdued moves in its Asian peers and as expectations...

Published 13 May, 2024 06:08am

BJP and IIOJ&K election

EDITORIAL: Addressing a rally two months before the commencement of present general elections, India’s Hindu...

Published 13 May, 2024 06:08am

Taxation: maybe we need a rethink

EDITORIAL: The IMF (International Monetary Fund) may ask the government to enhance the tax collection to reach 13...

Published 13 May, 2024 06:08am

Economic growth: Senate chief extols traders’ crucial role

MULTAN: Chairman Senate Syed Yusuf Raza Gilani on Sunday commended the indispensable role of the business community...

Published 13 May, 2024 06:08am

Industry

TEVTA forms panel for regularisation of ad hoc employees

PESHAWAR: The Board of Directors (BoD) of the Technical Education and Vocational Training Authority (TEVTA) Khyber...

Published 13 May, 2024 06:08am

PIA’s privatisation: Call for utilisation of Turkish expertise

PESHAWAR: Prominent Businessman and Honorary Consul General of the Republic of Turkey, Salim Saifullah Khan has...

Published 13 May, 2024 06:08am

Companies

SLIC declares special bonus for policyholders and cash dividend for GoP

KARACHI: State Life Insurance Corporation of Pakistan (SLIC) is celebrating a record-breaking 2023 financial...

Published 13 May, 2024 06:08am

Business community demands lab for gemstone certification

PESHAWAR: Business community demanded establishment of a state of the art laboratory for certification of precious...

Published 13 May, 2024 06:08am

Govt urged to operationalise Azhakhel dry port

Industry

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 28	254.63
Diesel/Litre / Apr 28	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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