News Archives for Print - 2024-05-20

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Print - 2024-05-20

USA

‘Unhinged,’ ‘crooked’: Trump and Biden trade campaign trail barbs

ATLANTA: Donald Trump used an expletive to attack Joe Biden during an address to an influential gun group Saturday,...

Published 20 May, 2024 05:44am

The Weather

KARACHI: The weather report on Sunday (May 19, 2024) and the forecast for Monday (May 20, 2024)....

Published 20 May, 2024 05:44am

‘Not an experiment’: At 59, Miftah Ismail is hoping for a sweet transition with political party launch

KARACHI: At 59, Dr Miftah Ismail can lead a sweet life. A little over 31% share in a company valued by stock market...

Updated 20 May, 2024 11:14am

Punjab govt directs steps to curb wheat smuggling to KP

RAWALPINDI: Punjab government has issued a notification to take steps to curb smuggling of wheat to Khyber...

Published 20 May, 2024 05:44am

Dar to attend SCO-CFM

ISLAMABAD: Foreign Minister Ishaq Dar will lead the Pakistan delegation to the regular meeting of SCO Council of...

Published 20 May, 2024 05:44am

Three-day workshop on UI/UX design concludes at SU

HYDERABAD: A three-day workshop on “User experience/ user interface (UI/UX) design” organized by the Technology...

Published 20 May, 2024 05:44am

Senate Chairman receives ‘threat call’

MULTAN: Chairman Senate Yusuf Raza Gilani on Sunday reportedly received a threatening message from an unknown person...

Published 20 May, 2024 05:44am

Ex-AJK PM Sardar Tanveer arrested

ISLAMABAD: Former prime minister of Azad Jammu and Kashmir (AJK), Sardar Tanveer Ilyas Khan, has been arrested from...

Published 20 May, 2024 05:44am

Salik visits Rehlat Manafea Company, reviews Hajj arrangements

MAKKAH AL-MUKARRAMA: Minister for Religious Affairs and Interfaith Harmony Chaudhry Salik Hussain visited the Rehlat...

Published 20 May, 2024 05:44am

Asia

China launches anti-dumping probe into EU, US, Japan, Taiwan plastics

BEIJING: China’s commerce ministry on Sunday launched an anti-dumping probe into POM copolymers, a type of...

Published 20 May, 2024 05:44am

Paris Olympics economic impact estimated at 6.7-11.1bn euros: study

PARIS: The Paris Olympics this year will generate an economic gain of 6.7-11.1 billion euros (7.2-11.9 billion...

Published 20 May, 2024 05:44am

Taiwan’s new president to extend goodwill to China in inauguration speech

TAIPEI: Taiwan’s next president Lai Ching-te will express “concrete” goodwill towards China in his ...

Published 20 May, 2024 05:44am

Under-construction projects: Sindh CM orders removal of bottlenecks

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Sunday paid visit to seven different under-construction...

Published 20 May, 2024 05:44am

By-election in NA 148 Multan: Foolproof security arrangements made

LAHORE: Punjab Police ensured foolproof arrangements for the by-election in Multan’s constituency NA 148, due to...

Published 20 May, 2024 05:44am

PAIDAR launched to further cement ties with African countries

KARACHI: The Karachi Council on Foreign Relations (KCFR) launched the Pakistan-Africa Institute for Development...

Published 20 May, 2024 05:44am

Bishkek: PTI leader assails govt for its ‘action’

KARACHI: PTI Sindh President Haleem Adil Sheikh on Sunday issued a video statement regarding the plight of Pakistani...

Published 20 May, 2024 05:44am

Flawed IMF programme design

The International Monetary Fund’s (IMF’s) analysis and prescriptions in the second and final review document...

Updated 20 May, 2024 06:19am

Need for a balanced revenue-sharing framework

One of the key demands of the IMF is to increase the tax-to-GDP ratio to 13-14 percent by the end of the upcoming...

Updated 20 May, 2024 06:21am

Letters

Violence against Pakistani students in Bishkek

Our Foreign Office had rightly summoned and handed a note of protest to Kyrgyzstan’s diplomat in the country in...

Published 20 May, 2024 05:44am

Balancing power: the struggle for genuine democracy in Pakistan

A country is fundamentally a political entity, governed by a distinct political framework. Yet, challenges arise ...

Published 20 May, 2024 05:44am

U-turn on net metering

Delivering a powerful speech at a closing Plenary- Rejuvenating Growth of the World Economic Forum on 29th April...

Published 20 May, 2024 05:44am

Stocks

Australian shares pulled down by banks, healthcare

SYDNEY: Australian shares tracked broader Wall Street losses to end lower on Friday as banks, healthcare, technology...

Published 20 May, 2024 05:44am

Stocks

TSX rises on commodity strength, CPI data in focus

TORONTO: Canada’s main stock index rose on Friday to close the week on a high note while hovering near record...

Published 20 May, 2024 05:44am

Stocks

Nikkei lower on BOJ policy uncertainty

TOKYO: Japan’s Nikkei share average snapped a three-day winning streak to end lower on Friday, tracking Wall...

Published 20 May, 2024 05:44am

Stocks

Wall Street Week Ahead: Stock market’s record-setting rebound may have further to go

NEW YORK: A rebound that has taken the US stock market to record highs this week may have further to run, if history...

Published 20 May, 2024 05:44am

Heatwave spell: Sindh intermediate exams postponed

KARACHI: The Sindh government has postponed the intermediate exams across the province for five days in the wake of...

Published 20 May, 2024 05:44am

Industry

Knowledge-based exchange/training programme: Governor, APTMA patron-in-chief present shields to Uzbek participants

LAHORE: In a significant initiative to foster international industrial collaboration, Governor of Punjab, Sardar...

Updated 20 May, 2024 06:56am

AMR third leading cause of death in Pakistan: experts

KARACHI: Antimicrobial Resistance (AMR) is the third leading cause of death in Pakistan, where it is estimated that...

Published 20 May, 2024 05:44am

Taxes

Erstwhile Pata, Fata: PPP vows to resist levy of taxes

PESHAWAR: Pakistan Peoples Party (PPP) has announced to resist the levy of taxes to the erstwhile Pata and Fata and...

Published 20 May, 2024 05:44am

President’s House directs embassy in Bishkek to ensure security of students

ISLAMABAD: On the instructions of President Asif Ali Zardari, the President House Sunday contacted the Pakistani...

Published 20 May, 2024 05:44am

Maryam for more people-to-people interaction with Japan

LAHORE: Punjab is emerging as a major consumer market. There are good investment opportunities for Japanese ...

Published 20 May, 2024 05:44am

Dar telephones Saudi FM, discusses ties

ISLAMABAD: Foreign Minister Ishaq Dar on Sunday held a telephone discussion his Saudi counterpart and reviewed...

Published 20 May, 2024 05:44am

Chief of Defence Forces of Australia meets COAS

ISLAMABAD: General Angus J Campbell, Chief of Defence Forces Australia, on Sunday met with General Syed Asim Munir,...

Published 20 May, 2024 05:44am

Public order ‘fully ensured’, Kyrgyz FM tells Dar

ISLAMABAD: Minister for Foreign Affairs of the Kyrgyz Republic Zheenbek Kulubaev had a telephone conversation with...

Published 20 May, 2024 05:44am

Bishkek: KP CM says has arranged 2 ‘special flights’

PESHAWAR: The Khyber Pakhtunkhwa Government has arranged special flights to Bishkek, Kyrgyzstan to safely evacuate...

Published 20 May, 2024 05:44am

President, PM concerned at Raisi’s helicopter experiencing a difficult landing incident

ISLAMABAD: President Asif Ali Zardari and Prime Minister Shehbaz Sharif have expressed deep concerns about the...

Published 20 May, 2024 05:44am

Stocks

Most Gulf markets rise while Saudi bourse holds steady

DUBAI: Most Gulf stock markets rose on Sunday against a backdrop of rising oil prices on improving economic...

Published 20 May, 2024 05:44am

Stocks

FTSE nudges lower for week after record run

LONDON: London’s FTSE 100 ended the day and the week slightly lower on Friday, pausing after a run of record highs...

Published 20 May, 2024 05:44am

‘Drug-Free Punjab drive’: Strict crackdown being conducted across province

LAHORE: Punjab Police is conducting strict crackdown across the province in reference of Drug-Free Punjab campaign....

Published 20 May, 2024 05:44am

People affected by heat stroke to be treated in LGH

LAHORE: Post Graduate Medical Institute Principal Prof. Al-Fareed Zafar said that health professionals will be on...

Published 20 May, 2024 05:44am

UK to spend $12.7bn on compensation in infected-blood scandal

LONDON: Britain will spend more than 10 billion pounds ($12.70 billion) compensating thousands of people who were...

Updated 20 May, 2024 09:22am

MBS, Biden aide discuss ‘semi-final’ security deal

RIYADH: Saudi Arabia’s de facto ruler and a top aide to US President Joe Biden have discussed a “semi-final” version...

Updated 20 May, 2024 08:39am

PBA planning to establish ‘SME, agriculture index’

ISLAMABAD: Pakistan Banks’ Association (PBA) is planning to establish “SME and Agriculture Index” to target the...

Updated 20 May, 2024 08:40am

FTO says overseas Pakistanis entitled to import vehicles under IPO

ISLAMABAD: The overseas Pakistanis are entitled to import vehicles under personnel baggage scheme, transfer of...

Published 20 May, 2024 05:44am

IT exports to Saudi Arabia have increased, says leading exporter

ISLAMABAD: Information Technology exports to Saudi Arabia increased by $100 million, as the industry has started to...

Published 20 May, 2024 05:44am

Commodities

No restrictions on wheat transportation: PFD

LAHORE: Punjab Food department issued a policy statement on the transportation of wheat. According to the...

Published 20 May, 2024 05:44am

Energy

Net metering policy likely to be revisited: Leghari

LAHORE: Federal Minister of Energy Sardar Awais Ahmad Khan Leghari has said the government is all committed to...

Published 20 May, 2024 05:44am

Commodities

Prices of essential food items remain unchanged

PESHAWAR: Prices of essential food commodities remained high as no significant change or increase was witnessed in...

Published 20 May, 2024 05:44am

Cotton & Textile

Weekly Review: Cotton prices slightly down; yarn traders say seek a level playing field

KARACHI: The new season of cotton has partially begun. There has been an increase in the partial arrival of cotton...

Published 20 May, 2024 05:44am

State of the economy

EDITORIAL: The government reduced prices of petroleum and products significantly effective 16 May till the end of...

Updated 20 May, 2024 06:12am

Safeguarding judicial independence

EDITORIAL: A major issue in this country has been visible and invisible pressures that keep the judiciary from...

Updated 20 May, 2024 06:14am

Qatar’s first-quarter budget surplus slips to $549m

DOHA: Qatar recorded a budget surplus of 2 billion riyals ($548.9 million) in the first quarter of 2024, the finance...

Published 20 May, 2024 05:44am

‘Govt should provide all facilities to exporters for economic sovereignty’

FAISALABAD: Economic sovereignty is directly linked with the enhanced exports and the government should provide all...

Published 20 May, 2024 05:44am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday May 19, 2024

Published 20 May, 2024 05:44am

Biden reaches out to Morehouse grads on Gaza to muted applause

ATLANTA: US President Joe Biden told Morehouse College graduates not to give up on American democracy in a somber...

Updated 20 May, 2024 08:39am

Govt evacuates hundreds of students from Kyrgyz capital

ISLAMABAD: A special flight carrying 180 Pakistani students and passengers from Kyrgyzstan landed in Islamabad...

Updated 20 May, 2024 09:22am

PM for safe repatriation of students

ISLAMABAD: Prime Minister Shehbaz Sharif has instructed Pakistan’s embassy in Kyrgyzstan to make all necessary...

Updated 20 May, 2024 09:23am

Two key HPPs: Sinosure agrees to implement

China’s insurance company shows willingness to implement 700-MW Azad Pattan Hydropower Project and 1124-MW Kohala Hydropower Project worth billions of dollars on guidance from Beijing

Updated 20 May, 2024 10:21am

Foreign investors pressurise govt for remitting dividends

ISLAMABAD: Foreign investors are said to be mounting pressure on dollar-starved Islamabad for remitting dividends to...

Updated 20 May, 2024 10:31am

Govt eyeing new steps to achieve Rs1trn plus taxation

Budget makers are considering further increasing difference of withholding tax rates between filers and non-filers of returns

Updated 20 May, 2024 07:05pm

Rates

PSX hits new highest-ever level

KARACHI: Pakistan Stock Exchange witnessed bullish trend and hit new highest ever level during the outgoing week...

Published 20 May, 2024 05:44am

Rates

Futures spread up 117bps

KARACHI: The futures spread increased by 117bps to 22.16 percent on the last day of the outgoing week. Trading...

Published 20 May, 2024 05:44am

Turkish FM arrives

ISLAMABAD: Foreign Minister of Türkiye Hakan Fidan arrived in Islamabad on a two-day official visit on Sunday. He...

Updated 20 May, 2024 08:41am

Rates

Marginal decline

KARACHI: After back-to-back positive weeks, the rupee saw a marginal decline as it depreciated Re0.09 or 0.03%...

Published 20 May, 2024 05:44am

BJP activist killed in IIOJK

NEW DELHI: Suspected men shot dead an activist from Indian Prime Minister Narendra Modi’s party in Illegally ...

Updated 20 May, 2024 06:53am

Blue Origin flies thrill seekers to space after two-year hiatus

WASHINGTON: Blue Origin flew adventurers to the final frontier on Sunday for the first time in nearly two years,...

Updated 20 May, 2024 08:39am

Taxes

Delay in issuance of tax refund for 2013-14: CTO involved in justice maladministration: FTO

ISLAMABAD: The Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah in a landmark judgment has declared that Corporate ...

Published 20 May, 2024 05:44am

Investors only care about investment environment: Mian Zahid

KARACHI: Chairman of National Business Group Pakistan, Mian Zahid Hussain said that the disclosure of Pakistanis’...

Published 20 May, 2024 05:44am

Taxes

KPRA continues crackdown on non-compliant taxpayers

PESHAWAR: To improve tax compliance and discourage tax evasion, the Khyber Pakhtunkhwa Revenue Authority (KPRA)...

Published 20 May, 2024 05:44am

Industry

PIDE hosts conference titled ‘Revitalising Automobile Industry’

LAHORE: Pakistan Institute of Development Economics hosted a One Day Conference titled ‘Revitalizing Pakistan’s...

Published 20 May, 2024 05:44am

Money & Banking

Sterling on track for weekly gain

LONDON: Sterling was on track for a weekly gain versus the dollar on Friday, as currency traders look ahead to key...

Published 20 May, 2024 05:44am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	281.85
USD PKR Interbank Buying / Mar 28	279.71
USD to Japanese Yen / Apr 1	149.58
USD to Swiss Franc / Apr 1	0.88
Pound Sterling to USD / Apr 1	1.29
Euro to USD / Apr 1	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 28	5,580.94
Nasdaq / Mar 28	17,322.99
Dow Jones / Mar 28	41,583.90
India Sensex / Apr 1	77,103.74
Tokyo Nikkei / Apr 1	35,624.48
Hang Seng / Apr 1	23,206.84
FTSE 100 / Apr 1	8,653.57
Germany DAX 30 / Apr 1	22,445.60
France CAC40 / Apr 1	7,860.39

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Crude Oil USD/Barrel / Apr 1	71.27
Gold Spot USD/Ounce / Apr 1	3,158.40
Cotton US¢/pound / Apr 1	66.88
Petrol/Litre / Apr 2	254.63
Diesel/Litre / Apr 2	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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