News Archives for Print - 2022-06-16

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Print - 2022-06-16

Industry

Drugs: manufacturers demand increase in MRP, abolition of sales tax

PESHAWAR: Local pharmaceutical manufacturers have expressed outcry over the non-increase in maximum retail prices...

Published 16 Jun, 2022 08:32am

Food security: Experts call for more efforts

FAISALABAD: Experts at an international symposium stressed upon the need to pace up efforts to ensure food security...

Published 16 Jun, 2022 08:31am

‘Storm in a teacup’ as minister urges people to cut back on ‘chai’

ISLAMABAD: A minister has caused a storm in a teacup by urging citizens to cut back on drinking “chai” as a way...

Published 16 Jun, 2022 08:31am

Work on ‘Karachi Master Plan 2047’ under way: KDA DG

KARACHI: Karachi Development Authority (KDA) Director General Syed Muhammad Ali Shah Wednesday said that work on...

Published 16 Jun, 2022 08:31am

Naek made new chairman of Senate panel

ISLAMABAD: Senate Standing Committee on Foreign Affairs on Wednesday unanimously elected Pakistan People’s Party...

Published 16 Jun, 2022 08:30am

Industry

PQFTL, WAADA sign MoU

KARACHI: Pak-Qatar Family Takaful Limited (PQFTL) signed an MoU with WAADA, to promote Takaful products through the...

Published 16 Jun, 2022 08:30am

Energy

Some banks withdraw credit lines: Kapco expedites efforts for renewal of its PPA

ISLAMABAD: Kot Addu Power Company (Kapco) has expedited efforts for renewal of its Power Purchase Agreement (PPA)...

Published 16 Jun, 2022 08:27am

Industry

FCEPL, HBL and SEDF collaborate to subsidise financing to empower dairy farmers

KARACHI: Friesland-Campina Engro Pakistan Limited (FCEPL), HBL and Sindh Enterprise Development Fund (SEDF) have...

Published 16 Jun, 2022 08:23am

Taxes

Deposits as advance booking: AGP, FBR asked to audit accounts of auto manufacturers

ISLAMABAD: A parliamentary panel on Wednesday tasked the Auditor General of Pakistan (AGP) and the Federal Board of...

Published 16 Jun, 2022 08:19am

JI warns of dangerous outcome of political crises in Punjab

LAHORE: Chief of Jamaat-e-Islami Sirajul Haq has warned the political parties against the dangerous outcome of...

Published 16 Jun, 2022 08:17am

Higher education institutions: Govt urged to provide enabling environment

ISLAMABAD: Experts at a webinar while stressing the need for quality research-based education at graduate and...

Published 16 Jun, 2022 08:17am

Imam, Rizwan join Babar at top of ICC ODI and T20I rankings

LAHORE: For the first time since the ICC ODI and T20I Player rankings were introduced, Pakistan batsmen have ...

Published 16 Jun, 2022 08:17am

Budgets

Budget proposals: FPCCI chief decries absence of ‘industrial package’

KARACHI: Shabbir Hassan Mansha, the acting president of Federation of Pakistan Chambers of Commerce and Industry...

Published 16 Jun, 2022 08:17am

Energy

Oil prices fall over 1pc as Fed hikes interest rates

HOUSTON: Oil prices fell more than 1% on Wednesday as the Federal Reserve raised its target interest rate by...

Published 16 Jun, 2022 08:10am

Commodities

Palm falls more than 3pc on worries over exports

KUALA LUMPUR: Malaysian palm oil futures fell more than 3% on Wednesday as traders braced for a further decline in...

Published 16 Jun, 2022 08:10am

Commodities

Japan rubber futures slide

SINGAPORE: Japanese rubber futures slipped for a fourth straight session on Wednesday, tracking lower Thai raw...

Published 16 Jun, 2022 08:10am

Energy

EU, Israel and Egypt sign deal to boost East Med gas exports to Europe

CAIRO: Israel and Egypt will aim to boost natural gas exports to Europe under a memorandum of understanding (MoU)...

Published 16 Jun, 2022 08:10am

Grains

EU wheat drifts as harvest, economic uncertainty weigh

PARIS: Euronext wheat ended little changed on Wednesday as traders sought a clearer picture on upcoming harvests and...

Published 16 Jun, 2022 08:10am

Grains

Raw sugar hits fresh one month low

LONDON: Raw sugar futures on ICE hit a fresh one month low on Wednesday amid worries about interest rate hikes in ...

Published 16 Jun, 2022 08:10am

Commodities

Gold gains as dollar pulls back ahead of Fed verdict

LONDON: Gold prices rose more than 1% on Wednesday helped by a tepid US dollar, as investors braced for a ...

Published 16 Jun, 2022 08:10am

Grains

US wheat eases on harvest pressure

CHICAGO: US wheat futures were mostly lower on Wednesday as the harvest of winter wheat advanced, with dry ...

Published 16 Jun, 2022 08:10am

Commodities

US MIDDAY: Gold rises

NEW YORK: Gold prices rose on Wednesday, following a slight retreat in the dollar, as investors waited to see ...

Published 16 Jun, 2022 08:10am

Black Death origin mystery solved... 675 years later

TOKYO: A deadly pandemic with mysterious origins: it might sound like a modern headline, but scientists have spent...

Published 16 Jun, 2022 07:35am

Commodities

Europe imports more South African coal as Russian ban looms

JOHANNESBURG: European countries, scrambling to secure alternatives to Russian coal, imported 40% more coal from...

Published 16 Jun, 2022 07:35am

Commodities

Copper, aluminium bounce on upbeat China factory, auto data

LONDON: Copper and aluminium prices rebounded on Wednesday as investors bet that stronger-than-expected economic ...

Published 16 Jun, 2022 07:35am

India holds some bandwidth for private networks in July’s 5G auction

NEW DELHI: India said on Wednesday it would reserve part of its next-generation telecoms spectrum for private...

Published 16 Jun, 2022 07:27am

Money & Banking

SBP renews status of VIS, Pacra as ECAIs

KARACHI: The State Bank of Pakistan (SBP) has renewed the status of two credit rating agencies as eligible External...

Published 16 Jun, 2022 07:25am

Budgets

Sixth Schedule: ‘Proposed restoration of exemption may hit medicine makers badly’

KARACHI: The proposed exemption restoration in Sixth Schedule may lead to serious financial shock to the pharma...

Published 16 Jun, 2022 07:25am

KMC to celebrate ‘Diamond Jubilee of Pakistan’ with fervour

KARACHI: Karachi Metropolitan Corporation (KMC) is going to celebrate the Diamond Jubilee of Pakistan with national...

Published 16 Jun, 2022 07:25am

Jul-Apr period: Banks disburse over Rs1trn agri credit

KARACHI: Banks disbursed Rs. 1.059 trillion agriculture credit during July-April of this fiscal year (FY22), which ...

Published 16 Jun, 2022 07:25am

LHC restrains govt from harassing tandoor operators

LAHORE: The Lahore High Court on Wednesday restrained the district government from causing any harassment to tandoor...

Published 16 Jun, 2022 07:15am

Budgets

Murad pledges record development in Sindh

KARACHI: Chief Minister Sindh Syed Murad Ali Shah on Wednesday said that the provincial fiscal budget 2022-23...

Published 16 Jun, 2022 07:15am

Money & Banking

Bank Alfalah observes International Day of Family Remittances

KARACHI: On International Day of Family Remittances, as adopted by the United Nations General Assembly, Bank Alfalah...

Published 16 Jun, 2022 07:15am

Milk price increases to Rs160/litre in Hyderabad

HYDERABAD: While on one hand dairy farm owners in Hyderabad have increased milk price by Rs 20 per litre,...

Published 16 Jun, 2022 07:10am

Denim International Gases signs contract with DUHS

KARACHI: Denim International Gases, a leading manufacturer of international standard industrial and medical gases,...

Published 16 Jun, 2022 07:10am

Woman among three killed in Ferozwala pile-up

FEROZWALA: Three people including a woman died in a pile-up involving a bus, van, and a motorcycle near Dosako Chowk...

Published 16 Jun, 2022 07:10am

By-polls in Punjab to be held on old lists, constituencies

LAHORE: The provincial election commissioner has announced to hold the by-elections in the Punjab on old election...

Published 16 Jun, 2022 07:10am

Hammad for by-elections on voter list of 2018

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Central Punjab General Secretary Hammad Azhar has said that it has come to...

Published 16 Jun, 2022 07:10am

Punjab sets aside Rs470bn for health sector

LAHORE: The Punjab government has proposed an amount of Rs 470 billion for health sector in its budget 2022-23, ...

Published 16 Jun, 2022 07:10am

Budgets

Punjab govt imposes no new tax under ST on services

LAHORE: No new tax has been imposed by the Punjab government under the sales tax on services for the fiscal year...

Published 16 Jun, 2022 07:10am

Industry

Delay in taking vital decisions fuelling inflation, says PBIF head

KARACHI: Delays in important decisions are fuelling inflation which could increase from the current 13 percent to 23...

Published 16 Jun, 2022 07:10am

Speakers call for revival of student unions with certain rules

ISLAMABAD: The majority of speakers at a consultative moot called for the revival of student unions, with certain...

Published 16 Jun, 2022 06:55am

Energy

Jan-March: Discos’ tariffs raised under QTA mechanism

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has approved Re 0.42 per unit increase in tariffs of...

Published 16 Jun, 2022 06:55am

Budgets

Anomaly Committee: LCCI praises govt for giving representation

LAHORE: The Lahore Chamber of Commerce & Industry on Wednesday hailed the government for posing trust on the...

Published 16 Jun, 2022 06:55am

Energy

Punjab allocates Rs5.54bn for energy sector

LAHORE: The Punjab government has allocated Rs 5.54 billion for energy sector in the annual budget for the fiscal...

Published 16 Jun, 2022 06:55am

Punjab govt proposes Rs13.76bn for forestry, wildlife and fisheries

LAHORE: The Punjab government has proposed allocation of a total budget of Rs13.76 billion for forestry, wildlife ...

Published 16 Jun, 2022 06:55am

PM visits Rashakai Special Economic Zone

PESHAWAR: Prime Minister Shehbaz Sharif has visited Rashakai Special Economic Zone. On arrival at the economic zone,...

Published 16 Jun, 2022 06:55am

Education sector projects get Rs52.5bn

LAHORE: The Punjab government in its Annual Development Programme (ADP) for 2022-23 has earmarked a total sum of...

Published 16 Jun, 2022 06:55am

Taxes

Three major revenue measures may be challenged in court: Shabbar

ISLAMABAD: Three major revenue measures (direct taxes) of the Finance Bill, 2022, having accumulated revenue impact...

Published 16 Jun, 2022 06:55am

SC disposes of contempt plea against Rashid, MNA

ISLAMABAD: The Supreme Court on Wednesday disposed of the contempt petition against former interior minister Sheikh...