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 / May 2	281.13
USD PKR Interbank Buying / May 2	280.93
USD to Japanese Yen / May 2	144.96
USD to Swiss Franc / May 2	0.83
Pound Sterling to USD / May 2	1.33
Euro to USD / May 2	1.13
UK LIBOR % / May 2	4.96

Stock	Volume
S&P 500 / May 2	5,686.67
India Sensex / May 2	80,501.99
Tokyo Nikkei / May 2	36,830.69
Nasdaq / May 2	17,977.73
Hang Seng / May 2	22,504.68
FTSE 100 / May 2	8,596.35
Dow Jones / May 2	41,317.43
Germany DAX 30 / May 2	22,086.65
France CAC40 / May 2	7,770.48

Item	Value
Crude Oil USD/Barrel / May 2	58.29
Karachi Cotton PKR/37.32 KG / May 2	16,985
Gold 10 Grams PKR / May 2	295,353
Gold Spot USD/Ounce / May 2	3,240.49
Cotton US¢/pound / May 2	68.41
Petrol/Litre / May 4	252.63
Diesel/Litre / May 4	256.64

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / May 2 Kohinoor Power Company Limited(KOHP)	6.50 ▲ 0.9 (16.07%)
Dewan Mushtaq / May 2 Dewan Mushtaq Textile Mills Limited(DMTM)	7.96 ▲ 1 (14.37%)
Amtex Ltd / May 2 Amtex Limited(AMTEX)	2.63 ▲ 0.33 (14.35%)
Sally Textile / May 2 Sally Textile Mills Limited(SLYT)	9.14 ▲ 0.99 (12.15%)
First IBL Mod. / May 2 First IBL Modaraba(FIBLM)	3.13 ▲ 0.33 (11.79%)
Gulshan Sp. / May 2 Gulshan Spinning Mills Limited(GSPM)	3.34 ▲ 0.34 (11.33%)
Parmount Sp. / May 2 Paramount Spinning Mills Limited(PASM)	3.39 ▲ 0.34 (11.15%)
Hascol Petrol / May 2 Hascol Petroleum Limited(HASCOL)	9.98 ▲ 1 (11.14%)
First Elite Cap.Mod / May 2 First Elite Capital Modaraba(FECM)	13.95 ▲ 1.27 (10.02%)
Lalpir Power / May 2 Lalpir Power Limited(LPL)	23.51 ▲ 2.14 (10.01%)

Stock	Price
Pak Gen.Ins. / May 2 The Pakistan General Insurance Co. Ltd.(PKGI)	7.86 ▼ -0.88 (-10.07%)
Jubilee Spinning / May 2 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	11.43 ▼ -1.27 (-10%)
Zephyr Textile / May 2 Zephyr Textiles Limited(ZTL)	11.37 ▼ -1.12 (-8.97%)
Popular Islamic / May 2 Popular Islamic Modaraba(PIM)	13.02 ▼ -1.16 (-8.18%)
Calcorp Ltd / May 2 Calcorp Limited(CASH)	38.41 ▼ -3.08 (-7.42%)
D.S. Ind. Ltd. / May 2 D.S. Industries Limited(DSIL)	5.02 ▼ -0.34 (-6.34%)
Dewan Textile / May 2 Dewan Textile Mills Limited(DWTM)	5 ▼ -0.3 (-5.66%)
Imperial Limited / May 2 Imperial Limited(IML)	15 ▼ -0.87 (-5.48%)
Shahmurad Sugar / May 2 Shahmurad Sugar Mills Limited(SHSML)	360.51 ▼ -20.54 (-5.39%)
Habib Rice Products / May 2 Habib Rice Product Limited(HRPL)	30.23 ▼ -1.57 (-4.94%)

Stock	Volume
Sui South Gas / May 2 Sui Southern Gas Company Limited(SSGC)	29,319,891 ▲ 2.98
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	27,367,683 ▲ 0.02
B.O.Punjab / May 2 The Bank of Punjab(BOP)	20,836,529 ▲ 0.57
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,766,764 ▲ 0.02
Maple Leaf Cement / May 2 Maple Leaf Cement Factory Limited(MLCF)	13,169,594 ▲ 2.39
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	11,631,669 ▲ 0.02
Fauji Cement / May 2 Fauji Cement Company Limited(FCCL)	11,208,268 ▲ 0.63
Sui North Gas / May 2 Sui Northern Gas Pipelines Limited(SNGP)	10,934,032 ▼ -0.95
At-Tahur Ltd. / May 2 At-Tahur Limited(PREMA)	10,647,030 ▲ 1.92
D.G.K.Cement / May 2 D.G. Khan Cement Company Limited(DGKC)	9,605,968 ▲ 8.33

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