News Archives for Print - 2022-07-04

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Print - 2022-07-04

PPP leader injured in Larkana firing incident

LARKANA: A local Pakistan People’s Party (PPP) leader sustained bullet injuries after unidentified men opened fire...

Published 04 Jul, 2022 08:12am

Radio Pakistan pensioners get 10pc ‘raise’ on ombudsman’s order

ISLAMABAD: Due to the intervention of Federal Ombudsman, the Radio Pakistan pensioners have got 10pc increase in...

Published 04 Jul, 2022 08:08am

WFP delegation meets Sindh minister

KARACHI: A delegation of the World Food Programme (WFP) led by Deputy Country Director WFP Pakistan Rathi Pala...

Published 04 Jul, 2022 08:08am

Cotton & Textile

Weekly Cotton Review: Market witnesses bearish trend

KARACHI: Bearish trend continued in both local and international cotton markets. In the first month of the new ...

Published 04 Jul, 2022 08:08am

Sindh relaxes rules about early closure of markets

KARACHI: Sindh government on Sunday lifted the restrictions related to the early closure of markets in the province...

Published 04 Jul, 2022 08:08am

Sindh, Balochistan: Monsoon system has weakened

Karachi: The Met Office on Sunday said that the weather system in Sindh and Balochistan has lost its intensity, but...

Published 04 Jul, 2022 08:08am

Sindh LG polls: final lists of candidates for Phase 2 displayed

KARACHI: The final lists of the candidates for the second phase of the local government elections in Sindh were...

Published 04 Jul, 2022 08:08am

Energy

CMEC to commission first unit of 1263MW power plant on 6th

BEIJING: China Machinery Engineering Corp (CMEC) has successfully concluded a 7-day long reliability test run of the...

Published 04 Jul, 2022 08:08am

Industry

Negotiations on SRO 598 fruitful: FPCCI

KARACHI: Irfan Iqbal Sheikh, President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...

Published 04 Jul, 2022 08:08am

Energy

PEDO to increase cheap electricity generation to 224MW next year

PESHAWAR: Pakhtunkhwa Energy Development Organization (PEDO), a subsidiary of Department of Energy and Power KP, is...

Published 04 Jul, 2022 07:56am

Commodities

Upward trend in prices of kitchen items recorded

PESHAWAR: The prices of essential kitchen items — including live chicken/ meat, vegetables, pulses, cooking oil/...

Published 04 Jul, 2022 07:56am

KP govt makes remarkable progress after establishment of ISU: white paper

PESHAWAR: Since the establishment of the Internal Support Unit (ISU), the Finance Department and KP Government has...

Published 04 Jul, 2022 07:50am

Money & Banking

U Microfinance Bank Limited: Successful closure of additional Tier-1 Capital Instrument TFC of Rs 1,000,000,000

ISLAMABAD: U Microfinance Bank Limited is pleased to announce the successful closure of its Fully Paid up, Rated,...

Published 04 Jul, 2022 07:50am

ANF foils bids to smuggle heroin

RAWALPINDI: Anti-Narcotics Force (ANF) conducted operations on Sunday and managed to foil two bids to smuggle heroin...

Published 04 Jul, 2022 07:50am

Industry

‘Changes needed in the way ZTBL operates’: PBF calls for transformation in agri-financing

KARACHI: The government should make efforts for restructuring financing of its agrarian sector, as 90 percent of ...

Published 04 Jul, 2022 07:39am

Industry

Trade with Pakistan growing at faster pace, says Bangladeshi HC

FAISALABAD: Bilateral trade between Pakistan and Bangladesh is growing at a much faster pace and it will cross the...

Published 04 Jul, 2022 07:36am

Shops, establishments: Closure hours suspended till 10th in ICT

ISLAMABAD: Islam-abad Capital Territory (ICT) administration on Sunday suspended business closure timings till July...

Published 04 Jul, 2022 07:36am

Eid-ul-Azha: WSSP devises three-day sanitation plan

PESHAWAR: The Water and Sanitation Services Peshawar (WSSP) on Sunday chalked out a comprehensive sanitation plan ...

Published 04 Jul, 2022 07:36am

Over 3,000 policemen to provide security in capital on Eid-ul-Azha

ISLAMABAD: The Islamabad Capital Territory (ICT) Police have finalized a comprehensive security plan for Eid-ul-Azha...

Published 04 Jul, 2022 07:29am

Gang of five bandits nabbed in DHA robberies

KARACHI: South Police has arrested a gang of five most wanted bandits of katcha area, for robberies in Karachi’s...

Published 04 Jul, 2022 07:29am

Comebacks are tougher than debuts, says pacer Naseem Shah

LAHORE: It was the perfect setting when Naseem Shah announced his arrival on the Test circuit in 2020. Running into ...

Published 04 Jul, 2022 07:29am

Industry

Ambassador of Denmark meets president of FWCCI

FAISALABAD: In a meeting with Mrs. Lis Rosenholm, Ambassador of Denmark to Pakistan, Nighat Shahid, President...

Published 04 Jul, 2022 07:29am

Federal & Provincial Finance Acts, 2022: Comments

Amendments enacted by Finance Act, 2022 vis-a-vis those proposed in Finance Bill, 2022 The Federal Government...

Updated 04 Jul, 2022 10:43am

Skyrocketing prices: Would-be buyers of animals returning without shopping

RAWALPINDI: The shoppers visiting cattle markets were returning without purchasing as the prices of sacrificial...

Published 04 Jul, 2022 06:51am

Eid-ul-Azha: Citizens advised to adopt precautionary steps against Covid-19

RAWALPINDI: The citizens have been advised to adopt all possible precautionary measures to avoid Corona and Congo...

Published 04 Jul, 2022 06:51am

Imran likely to visit Karachi, Hyderabad this month

ISLAMABAD: The former prime minister and Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan is likely to visit...

Published 04 Jul, 2022 06:51am

LG polls: JI intensifies election campaign

KARACHI: Jamaat-e-Islami (JI) Karachi chapter chief Engr Hafiz Naeemur Rehman has paced up his electoral campaign ...

Published 04 Jul, 2022 06:51am

Cleanliness during Eid days: PM chairs high-level meeting

LAHORE: Prime Minister Shehbaz Sharif chaired a high-level meeting here on Sunday regarding preparations for Eidul...

Published 04 Jul, 2022 06:51am

Delay in extension of generation licence hurts KAPCO

ISLAMABAD: Kot Addu Power Company Limited (KAPCO) is reportedly in distress due to a prolonged delay in extension of...

Updated 04 Jul, 2022 09:35am

Diplomatic missions: FBR restores ST exemption

ISLAMABAD: The government has retrospectively restored sales tax exemption on the import of goods by the United...

Updated 04 Jul, 2022 09:39am

Rates

PSX witnesses positive trend

KARACHI: Pakistan Stock Exchange witnessed positive trend during the outgoing week ended on July 01, 2022 on the ...

Published 04 Jul, 2022 06:17am

Rates

Futures spread up 35bps

KARACHI: The futures spread increased by 35bps to 10.70 percent on the last day of the outgoing week. Trading...

Published 04 Jul, 2022 06:17am

PSO lodges ‘complaint’ against power plants

ISLAMABAD: Pakistan State Oil (PSO) has informed Petroleum Division that power plants are neither uplifting booked...

Updated 04 Jul, 2022 09:36am

Finally, beleaguered Sri Lanka grinds to a halt

COLOMBO: Sri Lanka has less than a day’s worth of fuel left, the energy minister said Sunday, with public transport...

Updated 04 Jul, 2022 09:32am

Nepra public hearing today: KE seeks Rs11.33/unit tariff hike

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) is all set to conduct a public hearing on Monday...

Updated 04 Jul, 2022 09:34am

Two wind IPPs: Three countries seek debt restructuring

ISLAMABAD: The envoys of Denmark, Canada and the Netherlands have jointly approached Minister for Power, Khurram...

Updated 04 Jul, 2022 09:33am

Developers let Chinese farmers pay for homes with watermelons

BEIJING: Struggling developers in China have started taking payment for homes in watermelons, peaches and other...

Updated 04 Jul, 2022 10:19am

KP minister explains why province can’t create ‘surplus’ budget

ISLAMABAD: Provincial government of Khyber Pakhtunkhwa said on Sunday that it may not be in a position to create...

Updated 04 Jul, 2022 09:32am

Several dead in Copenhagen mall shooting, young suspect arrested

COPENHAGEN: Gunfire in a Copenhagen mall Sunday left several dead and several wound, Danish police said, adding that...

Published 04 Jul, 2022 06:17am

20 die, 14 hurt as bus plunges into ravine in Balochistan

QUETTA: As many as 20 people died and 14 including women and children received severe injuries when a passenger ...

Published 04 Jul, 2022 06:17am

Eid-ul-Azha holidays announced

ISLAMABAD: The federal government has announced five days public holidays on the occasion of Eidul Azha on Sunday....

Updated 04 Jul, 2022 10:19am

Rates

PKR makes gains

KARACHI: The rupee ended the previous week with a 1.3% gain against the US dollar in the inter-bank market as...

Published 04 Jul, 2022 06:17am

Electoral rolls: Nadra invites political parties to interactive session

ISLAMABAD: In an unprecedented move, Chairman National Database and Registration Authority (Nadra) Tariq Malik has...

Published 04 Jul, 2022 06:17am

Taxes

South Region: Customs Appraisement brings about 32pc revenue growth

ISLAMABAD: Customs Appraisement (South) Region has achieved an extraordinary growth of 32% in Customs Duty(CD)...

Published 04 Jul, 2022 06:17am

Shujaat acknowledges role of overseas Pakistanis in economy

LAHORE: PML US chapter president Mian Zakir Naseem called on former Prime Minister Chaudhry Shujaat Hussain at his...

Published 04 Jul, 2022 06:17am

All political parties should accept SC’s orders: Elahi

LAHORE: Punjab Assembly Speaker Chaudhry Parvez Elahi has said that it is the responsibility of all political ...

Published 04 Jul, 2022 06:17am

Extradition of Farhat Shahzadi: Punjab govt to approach Interpol

LAHORE: The Punjab government has decided to approach the Interpol seeking issuance of a ‘red notice’ against...

Published 04 Jul, 2022 06:17am

Coronavirus infects 650 more, kills another two across country

ISLAMABAD: Pakistan has reported 650 new Covid-19 cases and two deaths during the last 24 hours (Saturday) as the...

Published 04 Jul, 2022 06:17am

Plan to ‘impose Imran on Pakistan’ devised decades ago, says minister

LAHORE: Federal Minister for Railways and Civil Aviation Khawaja Saad Rafique has claimed that the plan to impose...

Published 04 Jul, 2022 06:17am

The politics of economic policies

Prime Minister Shehbaz Sharif tweeted on 8 June, two days before the budget was presented in parliament: ...

Updated 04 Jul, 2022 06:38am

The return of ‘Daronomics’?

The budget passed by the incumbent government has a strong implicit stamp of Pakistan Muslim League-N’s ...

Updated 04 Jul, 2022 03:52pm

In mine-infested sea, Romania aims to cut Russia gas reliance

Gas now flows to Romania from a new Black Sea platform operating in waters where mines and warships have been...

Published 04 Jul, 2022 06:17am

Letters

Imposition of supertax

Finance Minister Miftah Ismail has repeatedly said that the government has imposed supertax even on the factories...

Published 04 Jul, 2022 06:17am

Middle East

Israel says will examine bullet that killed reporter with US experts

OCCUPIED JERUSALEM: Israel is to conduct a ballistics test on the bullet that killed Al Jazeera journalist Shireen...

Published 04 Jul, 2022 06:17am

Middle East

Ex-Iran president’s daughter charged with propaganda, blasphemy

TEHRAN: The daughter of Iran’s former president Akbar Hashemi Rafsanjani was charged with carrying out propaganda...

Published 04 Jul, 2022 06:17am

Middle East

Shark kills 1 Austrian, 1 Romanian tourist in Egypt’s Red Sea

CAIRO: Two women, one Austrian and the other Romanian, were killed in a shark attack this week off the coast of...

Published 04 Jul, 2022 06:17am

Energy

FESCO launches ‘public safety campaign’

FAISALABAD: Faisalabad Electric Supply Company (FESCO) Health Safety Environment (HSE) Directorate has launched a...

Published 04 Jul, 2022 06:17am

Movies & Music

France-based British theatre legend Peter Brook dies aged 97

PARIS: The France-based British theatre director Peter Brook, who revolutionised the stage with radical...

Published 04 Jul, 2022 06:17am

IMF deal: Rana hits out at previous govt

FAISALABAD: Federal Interior Minister Rana Sanaullah on Sunday said that the incumbent government raised the...

Published 04 Jul, 2022 06:17am

Stocks

Wall Street Week Ahead: Investors brace for pivotal July after dismal first half

NEW YORK: The US stock market is reeling from its worst first half of any year since 1970, with investors girding ...

Published 04 Jul, 2022 06:17am

Stocks

Global stocks mixed as eurozone inflation hits record

NEW YORK: Wall Street stocks shrugged off early weakness to begin the second half of 2022 on a solid note Friday, ...

Published 04 Jul, 2022 06:17am

Stocks

Gulf bourses end mixed; Egypt hits lowest in over 2 years

DUBAI: Stock markets in the Gulf ended mixed on Sunday, with the Saudi index extending losses as investors fret that...

Published 04 Jul, 2022 06:17am

Stocks

Recession worries strain London stocks on first day of second half

LONDON: UK stocks came under pressure on Friday after data showed factory activity lost more steam in June amid...

Published 04 Jul, 2022 06:17am

Asia

Wang urges Myanmar ‘junta’ to hold talks with opponents

BEIJING: China’s foreign minister called for Myanmar’s ‘’junta’’ to hold talks with its opponents Sunday...

Published 04 Jul, 2022 06:17am

South Asia

Taliban still ‘illegitimate’ rulers, say Afghan women activists

KABUL: The Taliban remain illegitimate rulers despite a declaration by thousands of male clerics endorsing their...

Published 04 Jul, 2022 06:17am

Middle East

Israel’s Lapid condemns Hezbollah in first cabinet meeting as PM

OCCUPIED JERUSALEM: Israel’s Prime Minister Yair Lapid accused Hezbollah of undermining Lebanon’s efforts to...

Published 04 Jul, 2022 06:17am

Asia

Uzbek president announces ‘fatalities’ during reforms unrest

TASHKENT: Uzbekistan’s president on Sunday announced fatalities among civilians and law enforcement personnel...

Published 04 Jul, 2022 06:17am

Europe

Russia says its forces now have full control of Ukraine’s Luhansk region

KYIV/KOSTYANTYNIVKA, (Ukraine): Russia said on Sunday its forces had taken control of Ukraine’s eastern Luhansk...

Published 04 Jul, 2022 06:17am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (June 27 to 30,...

Published 04 Jul, 2022 06:17am

The Weather

KARACHI: The weather report on Sunday (July 03, 2022) and the forecast for Monday (July 04, 2022)....

Published 04 Jul, 2022 06:17am

Make shut power plants functional, orders PM at last

Chairs an important meeting to overcome the issues of power load-shedding and energy crises

Updated 04 Jul, 2022 10:02am

Previous govt held responsible for power load-shedding

ISLAMABAD: Prime Minister Shehbaz Sharif led federal government has held PTI government responsible for power...

Updated 04 Jul, 2022 09:36am

KPRA achieves revenue target for FY2021-22

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has surpassed its revenue collection target for the...

Published 04 Jul, 2022 06:17am

On debt restructuring

EDITORIAL: A senior official of the World Bank has suggested changes in the laws of sovereign debts so that the...

Published 04 Jul, 2022 06:17am

PM’s ‘strategic roadmap’

EDITORIAL: Circumstances leave the government with no option but to think out of the box, which is why the prime...

Published 04 Jul, 2022 06:17am

Money & Banking

Argentine economy minister who renegotiated IMF debt resigns

BUENOS AIRES: Argentine economy minister Martin Guzman, who led debt renegotiations with the International Monetary...

Published 04 Jul, 2022 06:17am

Industry

Beekeepers demand removal of hurdles to honey export

PESHAWAR: Beekeepers, particularly exporters, urged the government and relevant authorities to take pragmatic steps...

Published 04 Jul, 2022 06:17am

Money & Banking

Euro zone bond yields plunge, spreads tighten amid recession fears

LONDON: Euro zone bond yields tumbled on Friday as traders shrugged off a record inflation reading and instead...

Published 04 Jul, 2022 06:17am

Money & Banking

US Treasury yields plunge as market prices lower inflation

NEW YORK: US Treasury yields tumbled on Friday and the benchmark 10-year note fell the most since COVID-19 roiled...

Published 04 Jul, 2022 06:17am

Money & Banking

China’s yuan eases, set for losing week on seasonal dollar demand

SHANGHAI: China’s yuan eased against the dollar on Friday and looked set for a losing week, as heavier seasonal...

Published 04 Jul, 2022 06:17am

Money & Banking

Volatile rouble slumps to 10-day low; Gazprom shares extend losses

MOSCOW: The Russian rouble plunged more than 6% against the dollar on Friday to its weakest level in 10 days, while...

Published 04 Jul, 2022 06:17am

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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