News Archives for Print - 2024-05-27

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Print - 2024-05-27

Talat Hussain passes away

KARACHI: Legendary Pakistani actor Talat Hussain passed away in Karachi on Sunday at the age of 83 after a prolonged...

Updated 27 May, 2024 08:47am

Europe

Russian attack on Ukraine’s Kharkiv kills 14, injures dozens

KHARKIV (Ukraine): A Russian strike on a crowded DIY hardware store in Kharkiv killed 14 people and wounded dozens...

Published 27 May, 2024 05:52am

The Weather

KARACHI: The weather report on Sunday (May 26, 2024) and the forecast for Monday (May 27, 2024)....

Published 27 May, 2024 05:52am

Europe

Lagging in polls, UK Conservatives pitch national service at 18

Britain’s Conservative Party will introduce mandatory national service for 18-year-olds if it wins the national...

Published 27 May, 2024 05:52am

Europe

EU hosts talks to strengthen Palestinian Authority for Gaza

BRUSSELS, (Belgium): EU foreign policy chief Josep Borrell on Sunday hosted Palestinian prime minister Mohammed...

Published 27 May, 2024 05:52am

Middle East

Israel war cabinet to discuss new push for Gaza hostage deal

RAFAH, (Palestinian Territories): Israeli Prime Minister Benjamin Netanyahu was to convene his war cabinet Sunday to...

Published 27 May, 2024 05:52am

Asia

South Korea, China agree to launch diplomatic and security dialogue

SEOUL/TOKYO/BEIJING: South Korean President Yoon Suk Yeol and Chinese Premier Li Qiang agreed on Sunday to launch a...

Published 27 May, 2024 05:52am

South African election could spell the end of ANC dominance

JOHANNESBURG: South Africans will vote on Wednesday with widespread anger over power cuts, joblessness and ...

Published 27 May, 2024 05:52am

Rural Sindh: ‘Women workers, peasants have been living in miserable conditions’

HYDERABAD: Women workers and peasants living in miserable conditions in rural Sindh, government should take concrete...

Published 27 May, 2024 05:52am

PPP, MQM doing nothing for betterment of Karachi: PDP Chairman

KARACHI: Despite the formation of city government in Karachi, urban infrastructure development is still a distant...

Published 27 May, 2024 05:52am

Iesco crackdown on defaulters in full swing

ISLAMABAD: The Islamabad Electric Supply Company’s crackdown against power pilferers and defaulters in full ...

Published 27 May, 2024 05:52am

Saylani decides to establish Islamic school system in US

KARACHI: Saylani has decided to establish an Islamic school system for Muslim children in the US. For this purpose, ...

Published 27 May, 2024 05:52am

Six newborns killed in fire at India baby hospital

NEW DELHI: Six newborn babies have died after a fire tore through a children’s hospital in the Indian capital, ...

Published 27 May, 2024 05:52am

KMU hosts awareness session on taxpayer rights

PESHAWAR: Khyber Medical University (KMU) hosted an awareness session on safeguarding taxpayers’ rights at Dr...

Published 27 May, 2024 05:52am

‘Safe City’ project to be completed in two phases: minister

KARACHI: The Sindh Home Minister Zia ul Hassan Lanjar has announced the launch of “Safe City” project aimed at...

Published 27 May, 2024 05:52am

Extreme hot weather likely to persist for two more days

KARACHI: The relentless heatwave in the country scorched upper Sindh with the season’s highest temperatures ...

Published 27 May, 2024 05:52am

Muqam lauds international body for migration for its role

ISLAMABAD: Federal Minister for States and Frontier Regions, Kashmir Affairs and Gilgit Baltistan, Engr Amir Muqam...

Published 27 May, 2024 05:52am

Pakistan, AJK share unbreakable bond: Raja Farooq

BAKOT: Former Prime Minister of Azad Kashmir Raja Farooq Haider Khan Sunday said that the people of Pakistan and ...

Published 27 May, 2024 05:52am

Arts

Alhamra Art, Qatar Islamic Art museums forge new cultural partnership

LAHORE: In a momentous event that promises to deepen cultural ties and enrich the world of Islamic art, Muhammad...

Published 27 May, 2024 05:52am

Govt says thousands of patients benefiting from its healthcare initiatives

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif’s endeavours for the uplift of health sector bore fruit as...

Published 27 May, 2024 05:52am

PM reaffirms Pakistan’s commitment to ‘One China’ policy

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday reaffirmed Pakistan’s commitment to the “One China” policy,...

Published 27 May, 2024 05:52am

Women among 500 booked after mob attacks Christian man

SARGODHA: A day after a Christian man was assaulted by an angry mob over alleged blasphemy here, police on Sunday...

Published 27 May, 2024 05:52am

Minister for reduction in prices of bakery items

LAHORE: “The prices of bread, rusk and bun should be reduced substantially. The prices of wheat, flour and fine...

Published 27 May, 2024 05:52am

PAKSAT MM-1 a giant leap towards digitally connected Pakistan

ISLAMABAD: The launch of a new satellite PAKSAT MM-1 on May 30 (Thursday) by the national space agency, Pakistan...

Published 27 May, 2024 05:52am

Palestine recognition: PM greets Norway’s decision

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday lauded Norway’s decision to recognise the State of Palestine in...

Published 27 May, 2024 05:52am

Qureshi arrested in eight more cases

LAHORE: The Lahore police on Sunday arrested already incarcerated PTI senior vice president Shah Mahmood Qureshi in...

Published 27 May, 2024 05:52am

Five terrorists killed: Captain, soldier martyred in Peshawar IBO

ISLAMABAD: A Pakistan Army captain and a soldier were martyred on Sunday while five terrorists were killed in an...

Published 27 May, 2024 05:52am

COAS speaks to Iranian counterpart to condole death of Raisi

ISLAMABAD: Chief of Army Staff (COAS) General Syed Asim Munir, NI (M), had a telephonic call with Chief of General...

Published 27 May, 2024 05:52am

PPP seeks stakeholders’ help to deal with climate change challenge

KARACHI: Pakistan People’s Party (PPP) MNA Dr Sharmila Farooqui said on Sunday that it is high time that all...

Published 27 May, 2024 05:52am

Ahsan clarifies govt’s approach to media

ISLAMABAD: Federal Minister of Planning, Development, and Special Initiatives Ahsan Iqbal said on Sunday that the...

Published 27 May, 2024 05:52am

UAF holds workshop on calligraphy

FAISALABAD: “The art of calligraphy is a heritage of Muslims, in which we have to attract youth and sharpen their...

Published 27 May, 2024 05:52am

PHA sports complex in final renovation phase

LAHORE: The final phase of the renovation of a multifunctional public sports arena in Lahore’s Samanabad...

Published 27 May, 2024 05:52am

US CG agrees to work for uplift of Peshawar

PESHAWAR: Peshawar-based US Consul General Shante Moore has agreed to work with City Metropolitan Government ...

Published 27 May, 2024 05:52am

Rates

PSX hits new highest-ever level

KARACHI: Pakistan Stock Exchange witnessed positive trend and hit new highest ever level during the week ended on ...

Published 27 May, 2024 05:52am

Rates

Futures spread down 571bps

KARACHI: The futures spread declined by 571bps to 16.45 percent on the last day of the outgoing week. Trading...

Published 27 May, 2024 05:52am

Rates

Rupee closes the week unchanged

KARACHI: The rupee closed the week unchanged at 278.21 against the US dollar as compared to the week earlier when ...

Published 27 May, 2024 05:52am

Gandapur meets IK

ISLAMABAD: The Chief Minister Khyber Pakhtunkhwa Ali Amin Gandapur on Sunday called on the founding chairman of...

Published 27 May, 2024 05:52am

Alkhidmat Foundation’s Women Wing initiates ‘Gaza Packing Drive’

LAHORE: Alkhidmat Foundation Women Wing has initiated a three-day ‘Gaza Packing Drive’ aimed at providing...

Published 27 May, 2024 05:52am

PDA decides to carry out construction of 8 underpasses/flyovers

PESHAWAR: The Board of Directors (BoD) of Peshawar Development Authority (PDA) has decided construction of...

Published 27 May, 2024 05:52am

Maryam pays tribute to martyred army men

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif paid tribute to the great sacrifice of martyred Captain Hussain...

Published 27 May, 2024 05:52am

Emirs of Kuwait, Qatar agree to visit Pakistan

ISLAMABAD: Kuwait’s Emir Sheikh Meshal Al-Ahmad Al-Sabah and Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani have...

Published 27 May, 2024 05:52am

Gilani affirms support to govt’s welfare initiatives

LAHORE: Acting President Syed Yousuf Raza Gilani has said that Pakistan People’s Party (PPP) would continue to...

Published 27 May, 2024 05:52am

Minister explains how nations with fewer resources have surpassed Pakistan

ISLAMABAD: Federal Minister for Planning and Development Professor Ahsan Iqbal on Sunday announced that the...

Published 27 May, 2024 05:52am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday May 26, 2024

Published 27 May, 2024 05:52am

Stocks

Nikkei slumps

TOKYO: Japan’s Nikkei share average sank on Friday, tracking declines on Wall Street after robust US economic data...

Published 27 May, 2024 05:52am

Stocks

UK stocks fall for 4th straight session as rate cut push back weighs

LONDON: London’s FTSE 100 slipped on Friday, falling for the fourth straight session, as receding expectations of...

Published 27 May, 2024 05:52am

Stocks

Wall Street Week Ahead: Inflation data, presidential debate could sink summer rally

NEW YORK: e typical summer slowdown in US stock markets may be more pronounced this year with inflation jitters and...

Published 27 May, 2024 05:52am

The claim of China’s ‘overcapacity’ is a fallacy

Recently, the United States and other Western countries have been incessantly hyping the so-called “overcapacity...

Updated 27 May, 2024 07:04am

Letters

Israel behind Raisi’s death in helicopter crash

Iranian military investigators have so far found no evidence of criminal activity in the helicopter crash that...

Published 27 May, 2024 05:52am

The long and winding road to revitalising investment

Pakistan’s investment-to-GDP ratio is at its lowest in fifty years, despite promises of tens of billions in ...

Updated 27 May, 2024 06:54am

Budget projections for FY25

There is overwhelming evidence that approval of the budget for next fiscal year, reportedly to be presented to...

Updated 27 May, 2024 06:33am

Supremacy of constitution: JI says will launch a ‘movement’ after Eidul Adha

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem ur Rehman has announced a ‘national movement’ following Eid to...

Published 27 May, 2024 05:52am

Safeguard industrial efficiency

The government’s recent contemplation of cutting off gas supply to industrial captive power plants (CPPs) while...

Updated 27 May, 2024 07:00am

Real estate sector: Property dealers oppose further taxation

LAHORE: Reacting to the hint dropped by the government that it may levy more taxes on the real estate sector on the...

Published 27 May, 2024 05:52am

Positive signs indicate economic turnaround: Musadik

ISLAMABAD: Minister for Petroleum Musadik Malik said on Sunday that both internal and external economic indicators...

Published 27 May, 2024 05:52am

Commodities

Prices of essential food items show mixed trend

PESHAWAR: Mixed trend in prices of essential food commodities witnessed in the retail market. A weekly-market survey...

Published 27 May, 2024 05:52am

Cotton & Textile

Weekly Cotton Review: Market lacks lustre despite start of new season

KARACHI: The new season of cotton has already begun and at least two ginning factories have partially started...

Published 27 May, 2024 05:52am

Energy

There must be no further raise in electricity cost: expert

KARACHI: Requesting for 76% increase in base tariff to Rs44.69 per unit from existing base tariff of Rs34 per unit...

Published 27 May, 2024 05:52am

IMF programme: there is need for design audit

EDITORIAL: Multilaterals, including the International Monetary Fund (IMF), have developed independent audit...

Updated 27 May, 2024 06:29am

Attack on a PTI leader

EDITORIAL: There is no place in a democratic order for intolerance towards differences of opinion. Unfortunately in...

Updated 27 May, 2024 06:25am

Malaysia to cut diesel subsidies, saving $852m annually

KUALA LUMPUR: Malaysia will begin cutting fuel subsidies to bolster its fiscal position starting with diesel, a move...

Published 27 May, 2024 05:52am

Saudi Arabia plans Aramco share sale as soon as June

DUBAI: Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what...

Published 27 May, 2024 05:52am

FY 2022-23: Rs21bn decline in PESCO’s line losses?

PESHAWAR: The Board of Directors (BoD) Peshawar Electric Supply Company (PESCO) has claimed a decline to the tone of...

Published 27 May, 2024 05:52am

Speakers for deregulation of various sectors for higher economic growth

ISLAMABAD: Speakers at a conference have called for deregulation of various sectors of the economy, saying that...

Published 27 May, 2024 05:52am

18,371 shopkeepers enrolled under Tajir Dost Scheme

ISLAMABAD: A total of 18,371 shopkeepers/retailers have been registered under the Tajir Dost scheme. According to...

Updated 27 May, 2024 08:48am

Governor says won’t sign defamation bill without consultation

LAHORE: Governor Punjab Sardar Saleem Haider on Sunday assured journalists that he would not sign the defamation...

Updated 27 May, 2024 09:26am

Public assets: Ministry seeks data to share it with IMF

Says IMF has recommended actions on an issue that the data on public assets was inconsistent and not easily centralised

Updated 27 May, 2024 11:43am

Previous flawed decisions hampering improvement in power sector?

ISLAMABAD: Pakistan’s power sector has shown little, if any, sign of improvement in decades due to the...

Updated 27 May, 2024 09:23am

PM, PPP team take stock of situation

ISLAMABAD: As the federal government is set to present the budget for fiscal year 2024-25, Prime Minister Shehbaz...

Updated 27 May, 2024 09:13am

Iran plans to raise oil output to 4m barrels per day

DUBAI: Iran has approved a plan to raise its oil output to four million barrels per day, the country’s Tasnim news...

Published 27 May, 2024 05:52am

Cabinet approves rules for speedy disposal of tax cases

ISLAMABAD: The federal Cabinet has approved Appellate Tribunal Inland Revenue (Appointments, Terms and Conditions of...

Updated 27 May, 2024 02:07pm

Major changes in tax laws expected through Finance Bill 2024

Enforcement measures of Rs 300-400 billion expected in 2024-25

Updated 27 May, 2024 01:32pm

Gandapur apprises Naqvi, Leghari about issues facing his province

ISLAMABAD: Days after issuing a stern warning to the federal government to resolve the prolonged power outages issue...

Updated 27 May, 2024 02:07pm

11 TTP militants held for ‘killing’ Chinese engineers

ISLAMABAD: Authorities have arrested 11 militants who were involved in the suicide bombing that killed five Chinese...

Updated 27 May, 2024 08:48am

Malik Riaz says has refused to become ‘pawn’

ISLAMABAD: Malik Riaz, one of the wealthiest property tycoons of the country, said on Sunday that he had been “under...

Updated 27 May, 2024 11:58am

Industry

SIDB to construct three-storey building at Kohat Industrial Estate

PESHAWAR: Small Industries Development Board (SIDB) has decided to construct a three-day storey commercial building...

Published 27 May, 2024 05:52am

Stocks

Amid funding crunch, solar companies are being offered a door at PSX

KARACHI: On top of uncertainty around the government’s consideration to cut buyback rates, adoption of solar power...

Updated 27 May, 2024 11:34am

Industry

HCSTSI chief commends govts for reining in inflation

HYDERABAD: Muha-mmad Farooq Shaikhani, President, Hyderabad Chamber of Small Traders & Small Industry, commended...

Published 27 May, 2024 05:52am

Money & Banking

Australia, NZ dollars on defensive, markets run away from rate cuts

SYDNEY: The Australian and New Zealand dollars were ending the week on the defensive on Friday as upbeat economic...

Published 27 May, 2024 05:52am

Money & Banking

Indian blue-chips post best week in nearly three months

BENGALURU: Indian benchmarks ended flat on Friday, but logged their best week since early February, driven by gains...

Published 27 May, 2024 05:52am

Money & Banking

Canadian dollar gains against greenback

TORONTO: The Canadian dollar strengthened against its US counterpart on Friday, clawing back much of its weekly...

Published 27 May, 2024 05:52am

Money & Banking

Most Latam FX set for weekly losses as Fed rate cut hopes ebb

BRASILIA: Most Latin American currencies were set for weekly losses on Friday as crumbling expectations for Federal...

Published 27 May, 2024 05:52am

Taxes

Activists demand further increase in tobacco taxation

ISLAMABAD: Speakers Sunday asked the Federal Board of Revenue (FBR) to implement Health Ministry’s recommendation...

Published 27 May, 2024 05:52am

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 3	252.63
Diesel/Litre / May 3	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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