News Archives for Print - 2024-05-23

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Print - 2024-05-23

The Weather

KARACHI: The weather report on Wednesday (May 22, 2024) and the forecast for Thursday (May 23, 2024)...

Published 23 May, 2024 05:16am

Europe

Russia deals symbolic blow to Ukraine with village capture

KYIV: Russia said Wednesday that its forces had retaken Klishchiivka, one of a handful of villages on the eastern...

Published 23 May, 2024 05:16am

South Asia

Poll panel orders BJP, Congress to show restraint in campaign

NEW DELHI: India’s election panel on Wednesday ordered the ruling Bharatiya Janata Party and opposition Congress ...

Published 23 May, 2024 05:16am

Leading AI firms pledge ‘responsible’ tech development

SEOUL: Some of the world’s biggest tech companies pledged to work together to guard against the dangers of...

Published 23 May, 2024 05:16am

UK fines Citigroup over European ‘flash crash’

LONDON: British financial regulators Wednesday fined US bank Citigroup for failures in its trading controls after a...

Published 23 May, 2024 05:16am

Sri Lanka T20 team owner arrested for graft allegations

COLOMBO: The foreign owner of a T20 cricket team in Sri Lanka’s Premier League (LPL) was arrested on Wednesday on...

Published 23 May, 2024 05:16am

Palestinians optimistic but wary after recognition moves

GAZA STRIP: Palestinians in Gaza and the occupied West Bank on Wednesday welcomed the decision by Spain, Ireland and...

Published 23 May, 2024 05:16am

World Economic Forum founder Schwab to retire from leadership role

GENEVA: Klaus Schwab, the founder and longtime face of the World Economic Forum, will step away from executive...

Published 23 May, 2024 05:16am

Drug trafficking: Sindh govt establishes rapid response unit

KARACHI: The Sindh government on Wednesday established the rapid response unit to combat drug trafficking in the...

Published 23 May, 2024 05:16am

Heatwave spell likely to persist till 27th

KARACHI: The Met Office on Wednesday repeated its weather warning about heatwave spell that is likely to continue...

Published 23 May, 2024 05:16am

Blome inaugurates ‘Cleantech Investment Roadshow’ in Karachi

KARACHI: The US Ambassador to Pakistan Donald Blome inaugurated the second Investment Roadshow, supported by the US...

Published 23 May, 2024 05:16am

Defamation Bill: PPP Punjab supports media

LAHORE: General Secretary Pakistan Peoples Party Central Punjab Syed Hassan Murtaza and Parliamentary leader in...

Published 23 May, 2024 05:16am

Post-arrest bail pleas: Court requested to mark attendance of IK, spouse via video link

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan’s lawyers on Wednesday requested the court...

Published 23 May, 2024 05:16am

Pacer Hasan Ali released from T20I squad

LAHORE: Pakistan's pacer Hasan Ali has been released from the Green Shirts' squad for the T20I. The team management...

Published 23 May, 2024 05:16am

Pakistan women cricket team face England today

LAHORE: Pakistan women cricket team will take on England women in a three-match ODI series, commencing at the County...

Published 23 May, 2024 05:16am

Big crowds in Tehran for Raisi’s funeral

TEHRAN: Iran’s supreme leader Ayatollah Ali Khamenei led prayers for late president Ebrahim Raisi on Wednesday as...

Published 23 May, 2024 05:16am

China announces sanctions on US defence firms

BEIJING: China said Wednesday it would impose sanctions on a number of US defence firms and several executives over...

Published 23 May, 2024 05:16am

PTI leader Hammad reappears after almost a year in hiding

ISLAMABAD: Hammad Azhar, a senior Pakistan Tehreek-e-Insaf (PTI) leader, who had gone into hiding in the wake of May...

Published 23 May, 2024 05:16am

PM paying visit to UAE

ISLAMABAD: Prime Minister Shehbaz Sharif will pay a visit to the United Arab Emirates from 22-23 May 2024. This...

Published 23 May, 2024 05:16am

Supremacy of constitution, democracy: JUI, PTI agree to launch joint struggle

ISLAMABAD: In a potential shift in the country’s political landscape, the two perennial enemies – Jamiat...

Published 23 May, 2024 05:16am

JI to take out pro-Palestine ‘million march’ on June 2

KARACHI: Jamaat-e-Islami (JI) on Wednesday announced a pro-Palestine million march to denounce the Gaza genocide by...

Published 23 May, 2024 05:16am

‘Dangerous stunts’ in ads: CCP issues notices to beverage cos

ISLAMABAD: The Competition Commission of Pakistan (CCP) has taken notice of extremely dangerous stunts performed in...

Published 23 May, 2024 05:16am

Surge in terrorist activities originating from Afghanistan: ISPR

RAWALPINDI: Pakistan, of late, has witnessed a surge in terrorist incidents orchestrating from Afghan soil, wherein,...

Published 23 May, 2024 05:16am

Vigilance committees to prevent crop residue burning

LAHORE: The Commissioner Lahore office has decided to form vigilance committees to prevent the burning of crop...

Published 23 May, 2024 05:16am

JAP urges Punjab Governor to send defamation bill back to PA

LAHORE: The Judicial Activism Panel Wednesday wrote a letter to the Governor of Punjab Sardar Saleem Haider Khan to...

Published 23 May, 2024 05:16am

CBD Punjab signs 16 MoUs for NSIT City in one day

LAHORE: The Punjab Central Business District Development Authority (PCBDDA) signed 16 Memorandums of Understanding...

Published 23 May, 2024 05:16am

Punjab govt not to collect fee from sellers of sacrificial animals

LAHORE: The Punjab government has decided not to collect any fee from the sellers of sacrificial animals at all sale...

Published 23 May, 2024 05:16am

Establishment of women’s jails: CM gives approval in principle

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has accorded in principle approval for the establishment of...

Published 23 May, 2024 05:16am

Islamabad IT Park project will be completed by next year, PM told

ISLAMABAD: The Ministry of Information and Technology has informed a meeting regarding IT parks that the project of...

Published 23 May, 2024 05:16am

NBFI & MAP Year Book 2023 launched

KARACHI: Commissioner, Specialized Companies Division, SECP, Mujtaba Ahmed Lodhi, launched the NBFI & Modaraba...

Published 23 May, 2024 05:16am

NCHR launches report on irregular migration from Pakistan

ISLAMABAD: The National Commission for Human Rights (NCHR) has called for addressing root causes of migration ...

Published 23 May, 2024 05:16am

Industry

Customs Dept: Businessmen concerned over anti-smuggling functions

KARACHI: Atif Ikram Sheikh, President FPCCI, has apprised that the business community had grievances with the...

Published 23 May, 2024 05:16am

Malaria eradication: DoMC, AKU-MEC and Sindh govt join hands

KARACHI: In an initiative to combat one of the world’s deadliest diseases, the Directorate of Malarial Control...

Published 23 May, 2024 05:16am

Dr Yousaf made PCCC VP

MULTAN: Eminent scientist Dr Yousuf Zafar has been appointed as the Vice President of country’s ace cotton ...

Published 23 May, 2024 05:16am

FIR of attack on PTI spokesman lodged

ISLAMABAD: The capital police have registered a first information report (FIR) regarding the attack on Pakistan...

Published 23 May, 2024 05:16am

German team briefed on ISSI’s research work, outreach

ISLAMABAD: The Centre for Strategic Perspectives (CSP) at the Institute of Strategic Studies Islamabad (ISSI)...

Published 23 May, 2024 05:16am

IK seeks permission to argue NAB amendments case in person

ISLAMABAD: The founder of Pakistan Tehreek-e-Insaf (PTI), Imran Khan, wrote an application to the Supreme Court to...

Published 23 May, 2024 05:16am

Japanese CG visits SU, presents invaluable books to ASC

HYDERABAD: In a gesture of cultural diplomacy and Pakistan-Japan friendship, the Japanese Consul General in Karachi...

Published 23 May, 2024 05:16am

Javelin praises PM, PSB for extending support

LAHORE: Javelin thrower Arshad Nadeem has expressed his gratitude to Prime Minister Shehbaz Sharif, Punjab Sports...

Published 23 May, 2024 05:16am

LHC seeks reply from ECP

LAHORE: The Lahore High Court on Wednesday sought reply from the Election of Pakistan (ECP) in a petition of a PTI...

Published 23 May, 2024 05:16am

Farmers: Mechanism decided for uninterrupted supply of fertilizer

ISLAMABAD: Federal Minister for Food Security and Industries and Production Rana Tanveer Hussain has said that a...

Published 23 May, 2024 05:16am

Minister, Turkish CG discuss promotion of bilateral tourism

KARACHI: Turkish Consul General in Karachi, Cemal Sangu, here on Wednesday met with Provincial Minister of Tourism,...

Published 23 May, 2024 05:16am

New dates for postponed matric exams announced

KARACHI: The Board of Secondary Education Karachi (BSEK) on Wednesday announced a new schedule for matric exams...

Published 23 May, 2024 05:16am

Dualisation of road: NHA recommends revised PC-1

ISLAMABAD: The National Highways Authority (NHA) Executive Board recommended the revised PC-I for dualisation of the...

Published 23 May, 2024 05:16am

Ombudsman’s inspection team visits Housing Authority

ISLAMABAD: The inspection team of the Federal Ombudsman visited Housing Authority. An inspection team consisting of...

Published 23 May, 2024 05:16am

PCMEA condoles over demise of Iranian President

LAHORE: On the sad demise of Iran president Ebrahim Raisi in helicopter crash, Pakistan Carpet Manufacturers &...

Published 23 May, 2024 05:16am

PKRC terms suspension of food officers insufficient

LAHORE: The Pakistan Kissan Rabita Committee (PKRC) has termed the federal cabinet’s decision to suspend four food...

Published 23 May, 2024 05:16am

Public-private partnership model: Sindh govt treats 6m children in public hospitals

KARACHI: In the last 13 years, the Sindh government, under its public-private partnership model, has successfully...

Published 23 May, 2024 05:16am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (May 22, 2024). ==================================== BR...

Published 23 May, 2024 05:16am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 22, 2024)....

Published 23 May, 2024 05:16am

Rates

LME official prices

LONDON: The following were Tuesday official prices. ========================================= ALUMINIUM...

Published 23 May, 2024 05:16am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 58,579 tonnes of cargo comprising 31,722 Tons of import cargo and 26,857...

Published 23 May, 2024 05:16am

Stocks

Nikkei stumbles as Nvidia earnings results loom

TOKYO: Japan’s Nikkei share average fell on Wednesday as investors awaited earnings from Nvidia, while domestic...

Published 23 May, 2024 05:16am

Stocks

China stocks edge up, led by energy

HONG KONG: China stocks edged up, while Hong Kong shares closed slightly lower on Wednesday as some investors booked...

Published 23 May, 2024 05:16am

Stocks

Carmakers drive European stocks to one-week low

PARIS: European stocks closed at a one-week low on Wednesday, hurt by a sell-off in automakers following a report...

Published 23 May, 2024 05:16am

Stocks

Wall Street listless in countdown to Nvidia results, Fed minutes

NEW YORK: Wall Street’s main indexes struggled for direction on Wednesday as investors kept to the sidelines ahead...

Published 23 May, 2024 05:16am

Anti-theft campaign — will the latest succeed?

Pakistan leads the way in the incidence of illegal abstraction of energy (theft of electricity in the legal lingo)....

Updated 23 May, 2024 05:41am

Letters

IMF and Pakistan’s defence budget

According to a Business Recorder news item, Pakistan’s defense budget for next fiscal year has been projected by...

Published 23 May, 2024 05:16am

PARTLY FACETIOUS: What actually constitutes defamation?

“So explain the Punjab defamation bill to me.” “An aggrieved person can go to the one-man tribunal, appointed by the...

Updated 23 May, 2024 05:43am

Yes-man democracy

Why all the fuss about dragging Ayub Khan out of his grave just to get at Omar Ayub Khan? The man has every right to...

Updated 23 May, 2024 05:49am

Privatisation of SOEs: a focus on PIA

Pakistan’s economy is confronting numerous challenges like fiscal deficits, low savings, limited investment, low...

Updated 23 May, 2024 05:55am

Three held for gas theft on businesses

KARACHI: The team of Sui Southern Gas Company’s Counter Gas Theft Operations (CGTO) is continuously carrying out...

Published 23 May, 2024 05:16am

US returns 133 stolen artifacts to Pakistan

NEW YORK: The United States (US) returned to Pakistan 133 pieces of stolen antiquities worth over $13 million at a...

Published 23 May, 2024 05:16am

Non-filers: Govt decision to block SIMs still in effect: IHC

ISLAMABAD: The Islamabad High Court (IHC) stated on Wednesday that the decision of the federal government pertaining...

Updated 23 May, 2024 09:18am

PM meets Khamenei, offers condolences

ISLAMABAD: Iranian Supreme Leader Ayatollah Seyyed Ali Khamenei has emphasised that late President Ebrahim Raisi’s...

Published 23 May, 2024 05:16am

Attack on party spokesperson: IK hints at launching street protests

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan on Wednesday said, “we running out of...

Published 23 May, 2024 05:16am

Pakistan firmly upholds One-China principle: President

ISLAMABAD: President Asif Ali Zardari has reiterated that Pakistan firmly adhered to the One-China principle as the...

Published 23 May, 2024 05:16am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (May 22, 2024). ======================================= Offset...

Published 23 May, 2024 05:16am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 22, 2024)...

Published 23 May, 2024 05:16am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (May 22, 2024)....

Published 23 May, 2024 05:16am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (May 22, 2024). ======================== Open Bid Rs...

Published 23 May, 2024 05:16am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on...

Published 23 May, 2024 05:16am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 23 May, 2024 05:16am

Cotton & Textile

Spot rate remains unchanged on cotton market

LAHORE: The local cotton market remained bearish on Wednesday and the trading volume remained low. Cotton Analyst...

Published 23 May, 2024 05:16am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (May 22, 2024)...

Published 23 May, 2024 05:16am

Energy

Oil slips for third day on prospect of US rates staying high

NEW YORK: Oil prices fell nearly 1% on Wednesday, retreating for a third straight day on expectations that US...

Published 23 May, 2024 05:16am

Energy

US natgas prices ease

NEW YORK: US natural gas futures eased about 1% on Wednesday on signs producers started increasing output, forecasts...

Published 23 May, 2024 05:16am

Energy

Power cuts, overbilling: Sindh govt to take up issues with KE, Hesco and Sepco, PA told

KARACHI: The Sindh government is going to take up the issues of unchecked prolonged power cuts and overbilling with...

Published 23 May, 2024 05:16am

Cotton & Textile

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Wednesday (May 22, 2024) =========================== 6/S-7/S (COTTON)...

Published 23 May, 2024 05:16am

Rates

Index falls on selling spree

KARACHI: Pakistan Stock Exchange on Wednesday witnessed a mixed trend and after moving in both directions, closed on...

Published 23 May, 2024 05:16am

Poland-Pakistan trade volume reaches $920m: envoy

KARACHI: The Ambassador of Republic of Poland Maciej Pisarski has informed that the overall trade volume between...

Published 23 May, 2024 05:16am

Commodities

Copper retreats on profit-taking

LONDON: Copper prices slipped on Wednesday as funds locked in profits from a rally to record highs that has curbed...

Published 23 May, 2024 05:16am

Commodities

Indonesia buys about 210,000 tons of rice in tender

HAMBURG: Indonesian state purchasing agency Bulog is believed to have purchased about 210,000 metric tons of rice an...

Published 23 May, 2024 05:16am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR13.542...

Published 23 May, 2024 05:16am

Commodities

Gold slips on profit-taking

BENGALURU: Gold prices fell over 1% on Wednesday as the gold rally cooled with investors booking profits, while ...

Published 23 May, 2024 05:16am

Commodities

Iron ore rises on bullish demand outlook

BEIJING: Iron ore futures extended its rally to a more than three-month peak on Wednesday, fuelled by a bullish...

Published 23 May, 2024 05:16am

Commodities

Japanese rubber futures recoup losses

BEIJING: Japanese rubber futures recouped some losses from the previous session on Wednesday in range trading, with...

Published 23 May, 2024 05:16am

Commodities

Chicago wheat futures hit 10-month high

CANBERRA: Chicago wheat futures rose on Wednesday to their highest levels since last July as adverse weather led to...

Published 23 May, 2024 05:16am

Japanese envoy briefed about privatisation process

ISLAMABAD: Wada Mitsuhiro, Ambassador of Japan to Pakistan called on the Federal Minister for Privatisation,...

Published 23 May, 2024 05:16am

Commodities

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
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%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.84 ▲ 0.76 (12.5%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.48 ▼ -0.46 (-11.68%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.84 ▼ -1.56 (-9.51%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.52 ▼ -4.7 (-8.67%)
Bawany Air Products / Apr 17 Bawany Air Products Limited(BAPL)	32.39 ▼ -2.92 (-8.27%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.40 ▼ -1.2 (-8.22%)
Jahangir Sidd(Pref) / Apr 17 Jahangir Sidd(Pref)(JSCLPSA)	8.85 ▼ -0.6 (-6.35%)
Sanghar Sugar / Apr 17 Sanghar Sugar Mills Limited(SANSM)	50.83 ▼ -3.24 (-5.99%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	340.04 ▼ -19.97 (-5.55%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,794,610 ▲ 3.81
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,321,095 ▲ 0.15
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,945,036 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,949,781 ▲ 1.19
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,604,549 ▲ 4.2
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,865,718 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,613,210 ▲ 0.21
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,679 ▲ 1.06
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,975,030 ▲ 0.09
United BankXD / Apr 17 United Bank Limited(UBL)	10,968,701 ▲ 16.02

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