News Archives for Print - 2023-03-02

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Print - 2023-03-02

Ukraine war set to divide as India hosts G20 foreign ministers

NEW DELHI: Top US diplomat Antony Blinken was due in New Delhi on Wednesday alongside Russia’s Sergei Lavrov for a...

Published 02 Mar, 2023 06:24am

Over 100 hospitalised after new gas attacks on Iran girls’ schools

TEHRAN: More than 100 students were hospitalised in Iran after a new spate of suspected gas attacks on girls’...

Published 02 Mar, 2023 06:24am

US manufacturing sector contracts again

WASHINGTON: US manufacturing contracted for a fourth straight month in February, but there were signs that factory...

Published 02 Mar, 2023 06:24am

Commodities

Hot, dry weather seen hitting Indian wheat crop

SINGAPORE: Hotter and drier than normal weather over the next two weeks in India is likely to threaten crops,...

Published 02 Mar, 2023 06:24am

Fakhr Alam appointed Vice Chairman of DP World

KARACHI: Dubai Port World a leading global ports and logistics giant estimated to be valued at $90 billion has...

Published 02 Mar, 2023 06:24am

CM inaugurates ‘FJ Girls Hostel Block’

LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi inaugurated Fatima Jinnah Girls Hostel Block of Fatima...

Published 02 Mar, 2023 06:24am

Maroof steps down as women’s cricket team skipper

LAHORE: Bismah Maroof has stepped down as Pakistan women’s national team captain but will remain available for...

Published 02 Mar, 2023 06:24am

ICMA organises conference on artificial intelligence

LAHORE: The Institute of Cost & Management Accountants of Pakistan (ICMA) on Tuesday organised a conference on...

Published 02 Mar, 2023 06:24am

The Weather

KARACHI: The weather report on Wednesday (March 01, 2023) and the forecast for Thursday (March 02, 2023)...

Published 02 Mar, 2023 06:24am

Tarar for hearing of Tyrian White case on regular basis

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) leader Attaullah Tarar, Wednesday, urged the courts to hold the...

Published 02 Mar, 2023 06:24am

Industry

Directors’ on Board election: SECP to introduce concept of voting in separate categories

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) will introduce the concept of voting in ...

Published 02 Mar, 2023 06:24am

Election date: SC judgment contains different opinions of bench on petitions: minister

ISLAMABAD: The federal government will completely accept the Supreme Court’s verdict on suo motu with regard to...

Published 02 Mar, 2023 06:24am

PIDE holds webinar on ‘Future of Public Education in Pakistan’

ISLAMABAD: Educationists while stressing the need for digitalisation of the public sector educational institutions...

Published 02 Mar, 2023 06:24am

NA speaker highlights women role in socio-economic development

ISLAMABAD: National Assembly Speaker Raja Pervez Ashraf has said that women are an important part of the...

Published 02 Mar, 2023 06:24am

LDA demolishes 10 properties, seals 50 properties

LAHORE: In an operation against illegal encroachments, illegal commercialisation and commercial fee defaulters, the...

Published 02 Mar, 2023 06:24am

High temperatures in upcountry likely to melt glaciers early

KARACHI: High temperatures in the upcountry are likely to trigger melting of glaciers early in mountainous areas of...

Published 02 Mar, 2023 06:24am

CMOs seek moratorium on QoS, USF

ISLAMABAD: The Cellular Mobile Operators (CMOs) have demanded moratorium on quality-of-service, roll out ...

Updated 02 Mar, 2023 07:40am

Houses for flood survivors: Bank Alfalah partners with KRT

KARACHI: Bank Alfalah has partnered with Karachi Relief Trust (KRT) to fund the construction of low-cost sustainable...

Published 02 Mar, 2023 06:24am

APNS condoles

KARACHI: Sarmad Ali, President and Nazafreen Saigol Lakhani, Secretary General of the All Pakistan Newspapers ...

Published 02 Mar, 2023 06:24am

Companies

Hotel One signs management agreement with Century Ventures

ISLAMABAD: To complement the Lahore residents’ lifestyle, Hotel One will open another hotel in the city, in the...

Published 02 Mar, 2023 06:24am

Auction for 6 govt hydrants: KW&SB completes first phase of technical bids

KARACHI: The Procurement Committee Hydrants Cell of KW&SB has completed the first phase of technical bids for ...

Published 02 Mar, 2023 06:24am

California State Assembly team visits GCU Lahore

LAHORE: A delegation comprising members of the California State Assembly visited Government College University (GCU)...

Published 02 Mar, 2023 06:24am

Election Act‘Not compulsory’ to reveal dependent kids’ details, observes IHC

ISLAMABAD: The Islamabad High Court (IHC) noted that under the Election Act, it was not compulsory to reveal the...

Published 02 Mar, 2023 06:24am

Disclosure of beneficial ownership by companies

General: These notes represent our views and comments on the draft rules proposed to be inserted in the Income Tax...

Updated 02 Mar, 2023 07:13am

Traders relaxed as ECB starts running down massive bond holdings

Strong investor inflows into bond markets this year mean traders and bankers are confident the European Central Bank...

Updated 02 Mar, 2023 07:01am

There’s no tomorrow with begging bowls

At school, while reading Charles Dickens’ (a personal favourite writer) novels, me and my classmates had developed...

Updated 02 Mar, 2023 06:55am

PLUS project discussed with World Bank representatives

LAHORE: World Bank’s representatives participated in the meeting held on the Punjab Urban Land Stimulation (PLUS)...

Published 02 Mar, 2023 06:24am

FIA may ask Interpol to arrest Farhat Shahzadi

LAHORE: The Federal Investigation Agency (FIA) is learnt to have considering a proposal to contact International...

Published 02 Mar, 2023 06:24am

Punjab and Khyber-Pakhtunkhwa: PTI to start election drive on Saturday

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has announced that his party would start its election...

Published 02 Mar, 2023 06:24am

Allotment of electoral symbols for polls in KP, Punjab: Parties asked to submit applications to ECP by 8th

ISLAMABAD: The Election Commission of Pakistan (ECP) has sought applications from the political parties for the...

Published 02 Mar, 2023 06:24am

Pak envoy in Kabul decides to step down

ISLAMABAD: Pakis-tan’s special representative to Afghanistan Ambassador Mohammad Sadiq (retired) has decided to...

Published 02 Mar, 2023 06:24am

‘Arbitrary’ case selections against independence of judiciary, says Justice Isa

ISLAMABAD: Justice Qazi Faez Isa noted if the Registrar, a Judge or even the Chief Justice selects particular ...

Published 02 Mar, 2023 06:24am

3 PTI MNAs: IHC suspends ECP’s de-notification order

ISLAMABAD: The Islamabad High Court (IHC), Wednesday, suspended the Election Commission of Pakistan (ECP)’s order...

Published 02 Mar, 2023 06:24am

Alvi administers oath to Fauzia Viqar as federal ombudsperson

ISLAMABAD: President Dr Arif Alvi administered the oath of office to Fauzia Viqar as Federal Ombudsperson for...

Published 02 Mar, 2023 06:24am

Post-verdict scenario: PML-N decides to devise joint strategy

ISLAMABAD: The ruling Pakistan Muslim League-Nawaz (PML-N) decided to devise a joint strategy by consulting its...

Published 02 Mar, 2023 06:24am

DC tells LHC: Umar detained for public order violation

LAHORE: The deputy commissioner Lahore told the Lahore High Court (LHC) that PTI Secretary General Asad Umar had ...

Published 02 Mar, 2023 06:24am

‘Jail bharo’ drive suspended

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Wednesday welcomed the Supreme Court of Pakistan...

Published 02 Mar, 2023 06:24am

SC verdict ‘rejected by 4-3 split’, claims govt

ISLAMABAD: Federal Minister for law and Justice Azam Nazeer Tarar said on Wednesday that the Supreme Court’s...

Published 02 Mar, 2023 06:24am

Polls in Punjab, KP should be held within 90 days: SC

ISLAMABAD: The Supreme Court by a majority of 3:2 directed the Election Commission of Pakistan (ECP) to hold...

Published 02 Mar, 2023 06:24am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (March...

Published 02 Mar, 2023 06:23am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (March 01, 2023)....

Published 02 Mar, 2023 06:23am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (March 01, 2023). ========================== KIBOR...

Published 02 Mar, 2023 06:23am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (March 01, 2023). ========================...

Published 02 Mar, 2023 06:23am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (March 01, 2023). ========================...

Published 02 Mar, 2023 06:23am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Wednesday (March 01, 2023). ======================== Offer Price 1,276.0141 Bid...

Published 02 Mar, 2023 06:23am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Wednesday (March 01, 2023). ======================== Offer Price...

Published 02 Mar, 2023 06:23am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Wednesday (March 01, 2023). ======================== Offer Price...

Published 02 Mar, 2023 06:23am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Wednesday (March 01, 2023). ======================== Offer ...

Published 02 Mar, 2023 06:23am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Wednesday (March 01, 2023). ======================== Offer Price...

Published 02 Mar, 2023 06:23am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Wednesday (March 01, 2023). ======================== Offer Price...

Published 02 Mar, 2023 06:23am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 02 Mar, 2023 06:23am

Rates

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 02 Mar, 2023 06:23am

Stocks

Last date of renunciation/payment

KARACHI: Last dates of renunciation/payment....

Published 02 Mar, 2023 06:23am

Rates

Dividend/Bonus Announcements

KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange....

Published 02 Mar, 2023 06:23am

Rates

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 02 Mar, 2023 06:23am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (March 01, 2023). ==================================== BR...

Published 02 Mar, 2023 06:23am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (March 01, 2023)....

Published 02 Mar, 2023 06:23am

Rates

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 02 Mar, 2023 06:23am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (March 01, 2023)....

Published 02 Mar, 2023 06:23am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 01, 2023)....

Published 02 Mar, 2023 06:23am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (March 01, 2023). ======================================= Offset...

Published 02 Mar, 2023 06:23am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 01, 2023)...

Published 02 Mar, 2023 06:23am

Letters

Italy migrant boat disaster—II

A wooden crowded boat with migrants smashed into rocky reefs and broke apart while trying to land near Crotone, a...

Updated 02 Mar, 2023 07:49am

Past the point of no return!

For weeks noted economists and economic researchers have cited numerous indicators, like low foreign exchange...

Updated 02 Mar, 2023 06:51am

Stocks

S&P 500, Nasdaq slip as rising yields spook investors

NEW YORK: The S&P 500 and Nasdaq indexes fell on Wednesday as Treasury yields surged after manufacturing data...

Published 02 Mar, 2023 06:23am

Stocks

Indian shares snap eight-day losing run

BENGALURU: Indian shares snapped an eight-day losing streak on Wednesday, boosted by metal stocks on strong...

Published 02 Mar, 2023 06:23am

Stocks

European shares kick off March lower

PARIS: A fall in the shares of the euro zone’s largest bank BNP Paribas weighed on Europe’s STOXX 600 on...

Published 02 Mar, 2023 06:23am

Stocks

HK stocks jump most in 3 months on factory data

SHANGHAI: Hong Kong stocks on Wednesday saw their best day in nearly three months, while China shares also soared, ...

Published 02 Mar, 2023 06:23am

Stocks

Tokyo shares close higher on positive China data

TOKYO: Tokyo shares recovered from earlier losses Wednesday and ended higher, with the market supported by China’s...

Published 02 Mar, 2023 06:23am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 125,874 tonnes of cargo comprising 88,434 tonnes of import cargo and 37,440...

Published 02 Mar, 2023 06:23am

PARTLY FACETIOUS: The difference between their ordeals

“Timid as a mouse is all I can say.” “I don’t know about your encounters with mice but there is one big fat...

Published 02 Mar, 2023 06:23am

Rates

PSX ends on negative note

KARACHI: Pakistan Stock Exchange on Wednesday witnessed range bound session and after moving both sides finally...

Published 02 Mar, 2023 06:23am

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 02 Mar, 2023 06:23am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (March 01, 2023)....

Published 02 Mar, 2023 06:23am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (March 01, 2023). ======================== Open Bid...

Published 02 Mar, 2023 06:23am

Commodities

Gold prices recover sharply

KARACHI: Gold prices on Wednesday regained a big value on the local market, traders said. They surged by Rs2700 to...

Published 02 Mar, 2023 06:23am

‘Fata’: a hungry bear doesn’t dance

EDITORIAL: Seven agencies and six frontier regions called Fata were merged with the province of Khyber Pakhtunkhwa...

Updated 02 Mar, 2023 06:47am

No good news on the horizon

EDITORIAL: Moody’s Investors Service further downgraded Pakistan’s local and foreign currency issuer and senior...

Updated 02 Mar, 2023 06:44am

Commodities

Palm oil higher as India scraps duty-free import quota for sunflower oil

KUALA LUMPUR: Malaysian palm oil futures closed higher on Wednesday, underpinned by supply worries due to heavy ...

Published 02 Mar, 2023 06:23am

Commodities

Gold at one-week peak as dollar slides

NEW YORK: Gold prices gained 1% on Wednesday as strong Chinese economic data dented the dollar and drove some bets...

Published 02 Mar, 2023 06:23am

Energy

Oil largely steady as rising supplies face Chinese demand hopes

NEW YORK: Oil were largely unchanged on Wednesday as signs of ample supply, including growing US crude inventories,...

Published 02 Mar, 2023 06:23am

Commodities

Bumper Chinese factory data lifts industrial metals prices

LONDON: Prices of copper and other industrial metals rose on Wednesday after data from China, the biggest metals...

Published 02 Mar, 2023 06:23am

Cotton & Textile

Firm trend on cotton market

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

Published 02 Mar, 2023 06:23am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 01, 2023)....

Published 02 Mar, 2023 06:23am

Commodities

Australian 23/24 wheat crop faces El Nino weather risk

SINGAPORE: Australia’s wheat crop is likely to face risks from dry weather due to El Nino weather pattern in the...

Published 02 Mar, 2023 06:23am

Energy

Gasoil margins almost steady

SINGAPORE: Asia’s 10-ppm sulphur gasoil margins were broadly steady day-on-day at $25.57 a barrel as muted market...

Published 02 Mar, 2023 06:23am

Energy

US natgas futures slip on warmer weather forecasts

NEW YORK: US natural gas futures fell about 2% on Tuesday from a one-month high in the prior session on forecasts ...

Published 02 Mar, 2023 06:23am

Commodities

EU wheat falls on Black Sea competition

PARIS European wheat edged lower on Tuesday over pressure from cheap Black Sea competition but uncertainty on ...

Published 02 Mar, 2023 06:23am

Commodities

Iron ore jumps on China data, bullish steel demand outlook

BEIJING: Iron ore futures jumped on Wednesday, as better-than-expected China manufacturing activity data raised...

Published 02 Mar, 2023 06:23am

Commodities

Canola futures mostly lower

CHICAGO: ICE Canada canola futures ended mostly lower on Tuesday on fund short selling, technical selling and...

Published 02 Mar, 2023 06:23am

Commodities

Argentina crop

BUENOS AIRES: Argentina’s crops brought in 74% fewer export dollars in February, from a year earlier, an industry...

Published 02 Mar, 2023 06:23am

Energy

HSFO firms on strong bids, while VLSFO extends dip

SINGAPORE: Asia’s high sulphur fuel oil (HSFO) market firmed on Wednesday as strong bids emerged on the first day...

Published 02 Mar, 2023 06:23am

Commodities

Japanese rubber futures up

SINGAPORE: Japanese rubber futures rose on Wednesday as stronger-than-expected manufacturing activity growth in top...

Published 02 Mar, 2023 06:23am

Commodities

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 11	284.65
USD PKR Interbank Buying / Jul 11	284.46
USD to Japanese Yen / Jul 11	147.23
USD to Swiss Franc / Jul 11	0.80
Pound Sterling to USD / Jul 11	1.35
Euro to USD / Jul 11	1.17
UK LIBOR % / Jul 11	4.96

Stock	Volume
S&P 500 / Jul 11	6,259.75
India Sensex / Jul 11	82,500.47
Tokyo Nikkei / Jul 11	39,569.68
Nasdaq / Jul 11	20,585.53
Hang Seng / Jul 11	24,139.57
FTSE 100 / Jul 11	8,941.12
Dow Jones / Jul 11	44,371.51
Germany DAX 30 / Jul 11	24,255.31
France CAC40 / Jul 11	7,829.29

Item	Value
Crude Oil USD/Barrel / Jul 11	68.45
Karachi Cotton PKR/37.32 KG / Jul 11	16,585
Gold 10 Grams PKR / Jul 11	306,069
Gold Spot USD/Ounce / Jul 11	3,355.59
Cotton US¢/pound / Jul 11	67.42
Petrol/Litre / Jul 12	266.79
Diesel/Litre / Jul 12	272.98

Gainers
Losers
Leaders

Stock	Price
First IBL Mod. / Jul 11 First IBL Modaraba(FIBLM)	6.60 ▲ 1 (17.86%)
Premier Insurance / Jul 11 Premier Insurance Limited(PINL)	9.30 ▲ 1 (12.05%)
Pak. P.V.C. / Jul 11 Pakistan PVC Limited(PPVC)	11.39 ▲ 1.04 (10.05%)
Sally Textile / Jul 11 Sally Textile Mills Limited(SLYT)	12.73 ▲ 1.16 (10.03%)
Gammon Pak / Jul 11 Gammon Pakistan Limited(GAMON)	27.57 ▲ 2.51 (10.02%)
J.A.Textile / Jul 11 J.A. Textile Mills Limited(JATM)	32.74 ▲ 2.98 (10.01%)
Ashfaq Textile / Jul 11 Ashfaq Textile Mills Limited(ASHT)	26.51 ▲ 2.41 (10%)
PIA Holding Co.B / Jul 11 PIA Holding Company Limited B(PIAHCLB)	26,152.94 ▲ 2377.54 (10%)
Invest Bank / Jul 11 Invest Capital Investment Bank Limited(ICIBL)	13.64 ▲ 1.24 (10%)
Kohinoor Ind. / Jul 11 Kohinoor Industries Limited(KOIL)	16.28 ▲ 1.48 (10%)

Stock	Price
Trust Mod. / Jul 11 Trust Modaraba(TRSM)	7.72 ▼ -1 (-11.47%)
Beco Steel Ltd / Jul 11 Beco Steel Limited(BECO)	26 ▼ -2.89 (-10%)
Gatron Ind. / Jul 11 Gatron (Industries) Limited(GATI)	167.13 ▼ -18.57 (-10%)
EMCO Industries / Jul 11 Emco Industries Limited(EMCO)	40.59 ▼ -4.16 (-9.3%)
J.K.Spinning / Jul 11 J.K. Spinning Mills Limited(JKSM)	114.45 ▼ -11.22 (-8.93%)
Kohinoor Mills / Jul 11 Kohinoor Mills Limited(KML)	82.71 ▼ -7.5 (-8.31%)
Bannu Woollen / Jul 11 Bannu Woollen Mills Limited(BNWM)	93.89 ▼ -8.46 (-8.27%)
AL-Noor Sugar / Jul 11 Al-Noor Sugar Mills Limited(ALNRS)	89.27 ▼ -7.73 (-7.97%)
Kohat Textile / Jul 11 Kohat Textile Mills Limited(KOHTM)	80.73 ▼ -6.8 (-7.77%)
Tri-Star Mutual / Jul 11 Tri-Star Mutual Fund Limited(TSMF)	9.28 ▼ -0.72 (-7.2%)

Stock	Volume
B.O.Punjab / Jul 11 The Bank of Punjab(BOP)	94,133,007 ▲ 0.08
Aisha Steel Mill / Jul 11 Aisha Steel Mills Limited(ASL)	25,050,249 ▲ 0.44
Kohinoor Spining / Jul 11 Kohinoor Spinning Mills Limited(KOSM)	23,604,546 ▼ -0.2
WorldCall Telecom / Jul 11 Worldcall Telecom Limited(WTL)	22,915,484 ▼ -0.03
Hascol Petrol / Jul 11 Hascol Petroleum Limited(HASCOL)	19,202,510 ▼ -0.09
Azgard Nine / Jul 11 Azgard Nine Limited(ANL)	18,508,847 ▼ -0.35
Dewan Motors / Jul 11 Dewan Farooque Motors Limited(DFML)	18,372,236 ▲ 0.76
Pak Elektron / Jul 11 Pak Elektron Limited(PAEL)	16,414,076 ▲ 1.28
Image Pakistan / Jul 11 Image Pakistan Limited(IMAGE)	15,530,012 ▲ 0.89
Fauji Cement / Jul 11 Fauji Cement Company Limited(FCCL)	14,410,246 ▲ 0.59

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