News Archives for Print - 2022-03-14

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Print - 2022-03-14

Stocks

European stocks surge on bargain hunting

LONDON: European stock markets jumped Friday as investors fished for bargains after recent Ukraine-driven losses,...

Published 14 Mar, 2022 07:22am

Stocks

Stocks climb on Putin comments

LONDON: US and European stock markets were buoyed Friday by Russian President Vladimir Putin’s comments about a...

Published 14 Mar, 2022 07:22am

Stocks

US yields holds above 2pc on Fed rate hike view

NEW YORK: The benchmark US 10-year Treasury yield edged higher on Friday, with expectations largely set that the...

Published 14 Mar, 2022 07:22am

Stocks

India tightens IPO valuation scrutiny, jolts startups eyeing listings

NEW DELHI: India has tightened scrutiny of IPO-bound firms by questioning how key internal business metrics are used...

Published 14 Mar, 2022 07:22am

Stocks

JGB yields give up gains to end flat, track US yields retreat

TOKYO: Japanese government bond yields ended unchanged on Friday, giving up an earlier gains as they tracked a rise...

Published 14 Mar, 2022 07:22am

Money & Banking

US Treasury stresses that Russia sanctions extend to cryptocurrency

WASHINGTON: The US Treasury Department’s Office of Foreign Assets Control (OFAC) issued new guidance on Friday...

Published 14 Mar, 2022 07:22am

Money & Banking

Russian default no longer ‘improbable’, but no trigger for financial crisis: IMF

WASHINGTON: Russia may default on its debts in the wake of unprecedented sanctions over its invasion of Ukraine, but...

Published 14 Mar, 2022 07:22am

SAU to set up forum for 44,000 alumni

HYDERABAD: Sindh Agriculture University has decided to set up a forum for 44,000 alumni of the University, who are ...

Published 14 Mar, 2022 07:22am

No-confidence motion: PML-N authorises Shehbaz to make decisions

ISLAMABAD: The Pakistan Muslim League- Nawaz (PML-N) parliamentary party on Sunday authorised party president ...

Published 14 Mar, 2022 07:11am

Indian Illegally Occupied Jammu and Kashmir: Pakistan condemns closure of Darul Uloom Khadija tul Kubra

ISLAMABAD: Pakistan on Sunday strongly condemned the reported shutting down of Darul Uloom Khadija tul Kubra, an...

Published 14 Mar, 2022 07:11am

Sindh reports 188 fresh Covid-19 cases

KARACHI: Fortunately no death stemming from Covid-19 was reported on Sunday, however 188 new cases emerged when ...

Published 14 Mar, 2022 07:11am

Commodities

Prices of essential food commodities rise

PESHAWAR: Prices of essential food commodities, including live chicken/meat, cooking oil/ghee, sugar, packed milk,...

Published 14 Mar, 2022 07:11am

Shab-e-Barat: KW&SB to make special arrangements

KARACHI: Karachi Water & Sewerage Board (KW&SB) will make special arrangements for Shab-e-Barat, 15th...

Published 14 Mar, 2022 07:11am

Stocks

Wall Street Week Ahead: Investors jump into commodities while keeping eye on recession risk

NEW YORK: Investors are rushing to recalibrate their portfolios for a potentially extended period of elevated...

Published 14 Mar, 2022 07:11am

Stocks

Most Gulf bourses fall amid Ukraine conflict uncertainty

DUBAI: Most stock markets in the Gulf ended lower on Sunday, weighed down by uncertainty about the conflict in...

Published 14 Mar, 2022 07:11am

NKATI, GFS Builders, DMC launch drive to beautify industrial area

KARACHI: North Karachi Association of Trade & Industry (NKATI) has launched drive to beautify industrial area...

Published 14 Mar, 2022 07:01am

Cotton & Textile

Weekly review: cotton market shows stability

KARACHI: The rate of local cotton remained stable. Bullish trend prevailed in international cotton markets. There ...

Published 14 Mar, 2022 07:01am

Primary versus budget deficit

Setting time bound quantitative targets for primary deficit, defined as minus interest and repayment of principal as...

Published 14 Mar, 2022 07:01am

The costs of inaction

The political temperature is heating up. In the quest for survival, the tough economic decisions are kept on the...

Published 14 Mar, 2022 07:01am

Private jets soar past global pandemic, oil price woes

Airlines may find themselves swept up in unprecedented turbulence — with air travel shunned over climate concerns,...

Published 14 Mar, 2022 07:01am

Inside Germany’s secret Cold War cash bunker

For many years, the residents of the leafy town of Cochem in the German Rhineland went about their daily business...

Published 14 Mar, 2022 07:01am

Letters

Renewable energy projects — II

Instead, we have huge gas-based expensive thermal power plants WITH NO CHECK ON EFFICIENCY. Even theoretical...

Published 14 Mar, 2022 07:01am

Country needs an ‘energy emergency’

EDITORIAL: The US-led West is placing sanctions on Russia. These have global repercussions in terms of energy ...

Published 14 Mar, 2022 07:01am

An unsavoury episode

EDITORIAL: What the JUI-F did at the Parliamentary Lodges on Thursday is a highly cognizable offence, designed,...

Published 14 Mar, 2022 07:01am

Russian bloggers bid tearful farewell to Instagram

MOSCOW: Russians were relishing their final moments scrolling through Instagram on Sunday, while bloggers and small...

Published 14 Mar, 2022 06:00am

Nadal escapes, Medvedev cruises, Osaka exits Indian Wells in tears

INDIAN WELLS: Rafael Nadal pulled off another great escape Saturday, rallying from two breaks down in the third set...

Published 14 Mar, 2022 06:00am

Chelsea fans in sombre mood as Abramovich sanctions bite

LONDON: With Chelsea plunged into turmoil after the sanctions on their Russian owner Roman Abramovich, the sombre...

Published 14 Mar, 2022 06:00am

Australia supports cricket training for blind women

The Australian High Commission sponsored a six-day cricket training and tournament for visually impaired women and...

Published 14 Mar, 2022 06:00am

Ronaldo hat-trick sets all-time scoring record as Man Utd beat Spurs

MANCHESTER: Ralf Rangnick admitted managing Cristiano Ronaldo is “challenging” after the 37-year-old rolled back...

Published 14 Mar, 2022 06:00am

Pant smashes 50 as India build lead in pink-ball Test

BANGALORE: Wicketkeeper-batsman Rishabh Pant hit a quickfire half-ton as India extended its second innings lead to a...

Published 14 Mar, 2022 06:00am

Naomi Osaka’s Indian Wells ends in tears

INDIAN WELLS: Four-time Grand Slam champion Naomi Osaka was reduced to tears by a heckler Saturday on the way to a...

Published 14 Mar, 2022 06:00am

Community-based interventions needed to reduce spread of NCDs

LAHORE: While Pakistan is facing a steep rise in the prevalence of non-communicable diseases (NCDs), health...

Published 14 Mar, 2022 06:00am

President directs SLICP to make payment to woman

ISLAMABAD: Expressing displeasure over an unnecessary delay of seven years in the payment of life insurance claim to...

Published 14 Mar, 2022 06:00am

The Weather

KARACHI: The weather report on Sunday (March 13, 2022) and the forecast for Monday (March 14, 2022)....

Published 14 Mar, 2022 06:00am

Stocks

PSX remains under pressure

KARACHI: Pakistan Stock Exchange remained under pressure during the outgoing week ended on March 11, 2022 due to...

Published 14 Mar, 2022 06:00am

Stocks

Futures spread up 214bps

KARACHI: The futures spread increased by 214bps to 7.27 percent on the last day of the outgoing week from previous...

Published 14 Mar, 2022 06:00am

Moroccan carrier launches Israel flights

CASABLANCA, (Moroc-co): Royal Air Maroc took off from Morocco’s economic capital Casablanca bound for Tel Aviv on...

Updated 14 Mar, 2022 09:32am

Imran wants to ‘rig’ no-confidence vote: Bilawal

ISLAMABAD: Pakistan People’s Party (PPP) chairman Bilawal Bhutto Zardari on Sunday accused Prime Minister Imran...

Published 14 Mar, 2022 06:00am

American journalist killed in Ukraine

LVIV, (Ukraine): An American journalist was shot and killed by Russian forces in the town of Irpin in Ukraine’s...

Published 14 Mar, 2022 06:00am

Rates

PKR hits record-low closing

KARACHI: The rupee hit its record-low closing in the inter-bank market during the week, depreciating in three of the...

Published 14 Mar, 2022 06:00am

Rashid says remarks not directed towards PML-Q or Chaudhrys

ISLAMABAD: Federal Minister for Interior Sheikh Rashid Ahmed on Sunday claimed that his statement that “parties...

Published 14 Mar, 2022 06:00am

Rabbani raises questions over role of NA speaker

ISLAMABAD: The recent statement of the Speaker National Assembly on the resolution for vote of no confidence against...

Published 14 Mar, 2022 06:00am

PML-N leader says confident about prospects of no-confidence motion

LAHORE: Pakistan Muslim League-Nawaz (PML-N) leader and former provincial health minister Khawaja Salman Rafique has...

Published 14 Mar, 2022 06:00am

PML-N ducks the question: Will it support Elahi for CM’s post?

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) is yet to decide about throwing its weight behind Chaudhary Pervaiz...

Published 14 Mar, 2022 06:00am

No-trust vote: Fazl asks PM to complete numbers in NA not at D-Chowk

DI KHAN: Pakistan Democratic Movement (PDM) President and Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur...

Published 14 Mar, 2022 06:00am

PML-Q likely to quit PTI-led govts in a day or two?

ISLAMABAD: The joint opposition has reached an understanding with Pakistan Muslim League-Quaid (PML-Q) to give the...

Published 14 Mar, 2022 06:00am

PPP leader says PTI govt mulling taking ‘undemocratic’ steps

ISLAMABAD: Pakistan People’s Party (PPP) senior leader Senator Sherry Rehman Sunday alleged that the PTI ...

Updated 14 Mar, 2022 07:29am

‘Induction of J-10C into PAF fleet is a huge milestone’

ISLAMABAD: Induction of J-10C aircraft has further strengthened PAF as a formidable and potent force well capable of...

Updated 14 Mar, 2022 07:29am

Naval units demonstrate combat readiness

KARACHI: In an impressive firepower display, Pakistan Navy Fleet units demonstrated combat readiness and war ...

Updated 14 Mar, 2022 07:29am

PTI leader Waraich decides to rejoin PPP

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader and former state minister, Imtiaz Safdar Waraich has decided to...

Updated 14 Mar, 2022 07:29am

Over 130 MPs vow support to Buzdar

LAHORE: While backdoor contacts are underway among political players in the backdrop of current political situation,...

Updated 14 Mar, 2022 07:29am

Balochistan governor meets Punjab governor; PM’s role praised

LAHORE: Terming the prosperity and peace in Balochistan essential for the country’s development, Punjab Governor...

Updated 14 Mar, 2022 07:28am

The Chaudhrys of Gujrat have become centre of attention

ISLAMABAD: The Chaudhrys’ of Gujrat became the centre of attention on Sunday as government representatives kept...

Updated 14 Mar, 2022 07:28am

Shehbaz terms PM’s speech ‘admission of defeat’

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) President and leader of opposition in National Assembly Shahbaz...

Updated 14 Mar, 2022 07:28am

SAPM accuses opposition of employing ‘negative tactics’

LAHORE: Slamming the opposition, Special Assistant to Prime Minister on Political Communication Dr Shahbaz Gill said...

Updated 14 Mar, 2022 07:28am

VCs, faculty members: PUASA underscores need for stronger role

LAHOERE: Punjab University Academic Staff Association (PUASA) expressing concern over bureaucracy’s alleged...

Updated 14 Mar, 2022 07:28am

Overseas Pakistanis trust in PTI govt: Farrukh

ISLAMABAD: The state minister for information and broadcasting Farrukh Habib on Sunday said that the hefty growth in...

Updated 14 Mar, 2022 07:28am

BoP President awarded Hungary’s highest civil award

ISLAMABAD: Zafar Masud, President & CEO of The Bank of Punjab, was decorated with the highest civil award of...

Updated 14 Mar, 2022 07:28am

‘Punjab Culture Day’ begins today

FAISALABAD: The inauguration of Punjab Culture Day will be held today, March 14 at 10am at the main gate of Jinnah...

Updated 14 Mar, 2022 07:28am

Lawyers for FBR accused of showing poor performance

ISLAMABAD: A total number of 27 panel advocates and special public prosecutors (SPPs) of the Federal Board of ...

Updated 14 Mar, 2022 07:28am

Pakistan Army setup medical camp in Miranshah

MIRANSHAH: District Administration North Waziristan, Pak Army Headquarters 7-Div and MS, Distt Headquarters Hospital...

Updated 14 Mar, 2022 07:28am

KDA DG reviews development works in Karachi

KARACHI: A meeting of senior officers of the Engineering Department was held in the Civic Center Conference Room...

Published 14 Mar, 2022 06:00am

PDP chief demands govt take steps aimed at containing inflation

KARACHI: Unbridled inflation is a very serious threat to our fragile economy and it would shake the very...

Published 14 Mar, 2022 06:00am

‘Country is facing shortage of arbitration centres’

KARACHI: The MIA Arbitration, Mediation and Conciliation Centre organized a function at a local Gymkhana of Karachi...

Published 14 Mar, 2022 06:00am

LSD: 20 more cattle die in a single day in Sindh

KARACHI: As many as 156 animals have died owing to an infectious disease of lumpy skin among cattle in Karachi, the...

Published 14 Mar, 2022 06:00am

Two persons injured in mine blast

SIBI: Two persons sustained injuries in a mine blast in Sangan area of district Sibi on Sunday. According to rescue...

Published 14 Mar, 2022 06:00am

ILMA celebrates Int’l Women’s Day

KARACHI: ILMA University in association with Rapido, IWD Global, Rotary International District 3271, Rotary Clubs of...

Published 14 Mar, 2022 06:00am

PM&DC, C-MAP join hands to promote advocacy for mental health

PESHAWAR: Peshawar Medical & Dental College (PM&DC) and Centre for Mental Health Advocacy & Promotion...

Published 14 Mar, 2022 06:00am

US small-screen series explore the drama of startups

NEW YORK: As the founders of massive startups like Theranos, WeWork and Uber fall from grace, their failures have...

Published 14 Mar, 2022 06:00am

Free movement of cargo trucks: PAJCCI hails decision

PESHAWAR: Vice President (VP), Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Ziaul Haq Sarhadi has...

Published 14 Mar, 2022 06:00am

Nepra, Fesco release ‘Line Staff Safety Manual’ draft

FAISALABAD: National Electric Power Regulatory Authority (NEPRA) and Faisalabad Electric Supply Company (FESCO) have...

Published 14 Mar, 2022 06:00am

5th International ‘PATS Competition-2022’ concludes

RAWALPINDI: Closing ceremony of 5th International Pakistan Army Team Spirit (PATS) Competition-2022 was held at...

Published 14 Mar, 2022 06:00am

KPRA’s week-long registration drive ends

PESHAWAR: Week-long registration drive of the Khyber Pakhtunkhwa Revenue Authority (KPRA) concluded in southern...

Published 14 Mar, 2022 06:00am

AAJ PROGRAM SCHEDULE

Monday, March 14, 2022 TIMING PROGRAM TITLE 06:00 GOL GAPAIN 06:25 HEADLINE NEWS 06:30 GOL GAPAIN 06:55 HEADLINE...

Published 14 Mar, 2022 06:00am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (March 07 to 11,...

Published 14 Mar, 2022 06:00am

Saudi oil deal to be finalised by 28th

Understanding was reached between Pakistan and Saudi Arabia during PM Imran Khan's visit to the kingdom last year in October

Updated 14 Mar, 2022 03:51pm

US issues warning to China

WASHINGTON: US National Security Adviser Jake Sullivan, who is due to meet with China’s top diplomat Yang Jiechi ...

Updated 14 Mar, 2022 03:52pm

US gasoline prices edge lower after hitting record high last week

NEW YORK: US gasoline prices at the pump edged lower over the weekend after reaching all-time highs last week...

Updated 14 Mar, 2022 03:51pm

State Bank Museum launches exhibition

KARACHI: The State Bank Museum launches a unique exhibition in collaboration with Karachi University, Manchester...

Updated 14 Mar, 2022 03:51pm

Russia counts on ties with China

LONDON: Russia said on Sunday that it was counting on China to help it withstand the blow to its economy from ...

Updated 14 Mar, 2022 03:51pm

No date set for next Iran-Saudi talks

TEHRAN: Iranian state media reported Sunday that no date has yet been set for further dialogue between Tehran and...

Updated 14 Mar, 2022 09:32am

Embezzlement charges: Kazakhstan arrests ex-leader’s nephew

NUR-SULTAN, (Kazakh-stan): Officials in Kazakhstan announced Sunday the arrest of a relative of ex-ruler Nursultan...

Updated 14 Mar, 2022 09:32am

Clearing CPEC IPPs’ dues: ECC all set to approve Rs50bn revolving account

ISLAMABAD: The Economic Coordination Committee (ECC) is all set to approve opening of Revolving Account (RA) of Rs ...

Updated 14 Mar, 2022 09:35am

PM attracts huge crowd, sharpens attack on opposition

HAFIZABAD: Prime Minister Imran Khan Sunday said that unless a nation stands united against corruption, injustices...

Updated 14 Mar, 2022 09:36am

ST rate will be rationalized in ‘due course’: FBR chief

LAHORE: Chairman Federal Board of Revenue (FBR) Dr Muhammad Ashfaq has said that at present, tax-to-GDP ratio is...

Updated 14 Mar, 2022 09:45am

Companies

SnackVideo, Spacebar enter advertising partnership

KARACHI: SnackVideo, the short-form video platform has appointed Spacebar as their Authorized Sales Partner for the...

Published 14 Mar, 2022 06:00am

Money & Banking

Analyst says high interest rate to undermine growth objective

KARACHI: In the Recent Monetary Policy the State Bank of Pakistan left the benchmark interest rate unchanged at ...

Published 14 Mar, 2022 06:00am

Companies

Volkswagen profits surge despite selling fewer cars

BERLIN: Volkswagen said Friday its net profits jumped last year despite selling fewer cars due to the semiconductor...

Published 14 Mar, 2022 06:00am

Money & Banking

Deutsche Bank pulls out of Russia

BERLIN: Germany’s biggest lender Deutsche Bank said Friday it was following other international companies in...

Published 14 Mar, 2022 06:00am

Companies

PlayStation, Nintendo suspend shipments to Russia

TOKYO: PlayStation and Nintendo are suspending shipments to Russia, the Japanese gaming giants said Thursday, as...

Published 14 Mar, 2022 06:00am

Companies

Elon Musk aims to end controls on his Tesla tweets

PARIS: Tesla chief Elon Musk is trying to cancel an agreement he made in 2018 with the US stock market regulator...

Published 14 Mar, 2022 06:00am

Companies

Volkswagen reimagines classic camper for the electric age

FRANKFURT: Seventy years after its first model rolled off the factory line, Volkswagen is reinventing the VW bus,...

Published 14 Mar, 2022 06:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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