News Archives for Print - 2023-04-03

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Print - 2023-04-03

Europe

UK govt ‘in negotiations’ after three British men held in Afghanistan

LONDON: Britain’s interior minister Suella Braverman on Sunday said the UK government was “in negotiations”...

Published 03 Apr, 2023 07:50am

Companies

Tesla posts record deliveries but misses estimates as competition weighs

NEW YORK: Tesla Inc on Sunday missed estimates for first-quarter deliveries as rising competition and a bleak...

Published 03 Apr, 2023 07:48am

Middle East

Sisi heads to Saudi Arabia amid financial pressure, regional realignment

CAIRO: Egyptian President Abdel Fattah al-Sisi is travelling to Saudi Arabia on Sunday, according to three ...

Published 03 Apr, 2023 07:45am

Trump set to speak from Florida after arraignment

WASHINGTON: Former US President Donald Trump will speak in Florida on Tuesday evening, his office said, after his...

Published 03 Apr, 2023 07:42am

US urges release of WSJ reporter, Russia sees politicization

WASHINGTON: US Secretary of State Antony Blinken urged the release of Wall Street Journal reporter Evan Gershkovich,...

Published 03 Apr, 2023 07:40am

UK recession risks persist despite brighter growth data

LONDON: The UK economy performed slightly better than thought in the final quarter of last year, revised data showed...

Published 03 Apr, 2023 07:35am

Money & Banking

Germans shun foreign deposits on fears of new crisis

FRANKFURT: German savers are turning their backs on foreign banks despite juicier deposit rates for fear of getting...

Published 03 Apr, 2023 07:32am

Asia

Chinese FM says Japanese chip curbs to drive Beijing’s self-reliance

BEIJING: Chinese Foreign Minister Qin Gang told his Japanese counterpart on Sunday that Tokyo’s new export ...

Published 03 Apr, 2023 07:29am

Money & Banking

Swiss prosecutors say investigating UBS-Credit Suisse merger

GENEVA: Swiss federal prosecutors said Sunday that they had begun investigating the UBS takeover of its embattled...

Published 03 Apr, 2023 07:25am

South Asia

Indian opposition leader to appeal jail sentence

MUMBAI: Indian opposition leader Rahul Gandhi will appeal a two-year jail sentence in a defamation case brought...

Published 03 Apr, 2023 07:24am

South Asia

BD grants bail to top editor after outcry

DHAKA: Bangladesh’s high court granted bail on Sunday to Matiur Rahman, one of the country’s most respected...

Published 03 Apr, 2023 07:22am

Russia condemns Western ‘hype’ over US journalist’s arrest

MOSCOW: Russia’s foreign minister on Sunday condemned Western “hype” over the arrest of US journalist Evan...

Published 03 Apr, 2023 07:18am

Middle East

Israeli strikes in Syria kill two Iran-linked fighters

BEIRUT: Two Iran-affiliated fighters have been killed in the latest Israeli air strike on Syria, a war monitor said...

Published 03 Apr, 2023 07:15am

Deadly storms and tornadoes sweep through US

WASHINGTON: The death toll from a major storm system that has lashed the south-central and eastern United States ...

Published 03 Apr, 2023 07:12am

Industry

FPCCI organises workshop on computerised records of lands

PESHAWAR: Federa-tion of Pakistan Chambers of Commerce and Industry (FPCCI) in collaboration with USAID organized a...

Published 03 Apr, 2023 07:11am

Republican Hutchinson to run for US president in 2024, urges Trump to drop out

WASHINGTON: Former Arkansas Governor Asa Hutchinson announced his 2024 US presidential candidacy on Sunday with a...

Published 03 Apr, 2023 06:36am

Leading military blogger killed in St Petersburg cafe blast

MOSCOW: A leading Russian military blogger was killed Sunday in an explosion at a cafe in Russia’s second-largest...

Published 03 Apr, 2023 06:36am

Industry

PCMEA calls for restoring handloom carpet industry’s special status

LAHORE: Pakistan Carpet Manufacturers and Exporters Association (PCMEA) Sunday called upon the State Bank of ...

Published 03 Apr, 2023 06:36am

SU receives Rs11.2m from Sindh govt under scholarship programme

HYDERABAD: Sindh University’s Student Financial Aid Office (SFAO) has received an amount of over Rs. 11.2 million...

Published 03 Apr, 2023 06:36am

SSP visits market, breaks fast with traders

KARACHI: SSP District City Arif Aziz had an Iftar with policemen and shopkeepers of Jhatpat market in Lyari area....

Published 03 Apr, 2023 06:36am

Three alleged dacoits killed in two ‘encounters’

GHOTKI: Three dacoits were killed in two alleged police encounters in Ghotki and Jacobabad, police reported on...

Published 03 Apr, 2023 06:36am

Dr Birbal’s assistant arrested in murder case

KARACHI: Significant progress has been made in the murder case of ophthalmologist Dr Birbal Genani as police on...

Published 03 Apr, 2023 06:36am

ASH to be modernised soon, says administrator

KARACHI: Administrator Karachi Dr Syed Saif-ur-Rahman has said that the renovation and repair work of Abbasi Shaheed...

Published 03 Apr, 2023 06:36am

Bilawal has decided to ‘attack’ ZA Bhutto’s Constitution: Qureshi

KARACHI: Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Shah Mehmood Qureshi said on Sunday that PPP was proud of the...

Published 03 Apr, 2023 06:36am

Commodities

Prices of food items soared in first 10 days of Ramazan: survey

PESHAWAR: Prices of almost essential food items, especially vegetables, fruits, pulses, cooking oil/ ghee, dates,...

Published 03 Apr, 2023 06:36am

World Autism Day marked

LAHORE: World Autism Day was marked here Sunday with a resolve that all out efforts will be made to raise awareness...

Published 03 Apr, 2023 06:36am

Companies

$15bn scramble for Japan’s Toshiba went from bang to whimper

TOKYO: Toshiba Corp’s auction was supposed to ignite a race for top-dollar bids among global private equity firms....

Published 03 Apr, 2023 06:36am

Google scores partial victory in Android antitrust case in India

NEW DELHI: An Indian tribunal on Wednesday gave partial relief to Alphabet Inc’s Google by setting aside four of ...

Published 03 Apr, 2023 06:36am

FIFA deprives Indonesia of Under-20 World Cup amid Israel row

LAUSANNE: FIFA announced on Wednesday it had removed Indonesia as hosts of this year’s under-20 World Cup amid...

Published 03 Apr, 2023 06:36am

Sri Lanka seal dramatic Super Over T20 win against New Zealand

AUCKLAND: Sri Lanka claimed a dramatic Super Over win in the opening match of their three-game Twenty20 series...

Published 03 Apr, 2023 06:36am

Cricket: South Africa move to brink of World Cup qualification

JOHANNESBURG: Aiden Markram scored a superb century and Sisanda Magala claimed five wickets to lead South Africa to ...

Published 03 Apr, 2023 06:36am

Former India all-rounder Salim Durani dies at 88

NEW DELHI: Tributes poured in on Sunday for former cricketer Salim Durani, a hero of India’s maiden series victory...

Published 03 Apr, 2023 06:36am

Russia says will not send fencers to Olympic qualifier in Poland

MOSCOW: Russian fencers will not take part in an Olympic qualifier event after host Poland said they would have to...

Published 03 Apr, 2023 06:36am

Veteran Kvitova defeats Rybakina for 30th WTA title

MIAMI GARDENS (United States): Petra Kvitova drew on all her experience to claim her 30th WTA singles title with a...

Published 03 Apr, 2023 06:36am

Benzema nets hat-trick as Madrid thrash Valladolid

MADRID: Karim Benzema scored a stunning hat-trick in a seven-minute salvo as Real Madrid thumped Real Valladolid 6-0...

Published 03 Apr, 2023 06:36am

Blockbuster African last-eight clash looms for Ahly

JOHANNESBURG: Title-holders Wydad Casablanca of Morocco and Esperance of Tunisia won CAF Champions League groups...

Published 03 Apr, 2023 06:36am

Buttler helps Rajasthan thrash Hyderabad in IPL

HYDERABAD: England’s Jos Buttler hit a scintillating half-century to help the Rajasthan Royals hammer Sunrisers...

Published 03 Apr, 2023 06:36am

Sibi-Harnai railway track: work likely to end by June

ISLAMABAD: Pakistan Railways is putting maximum effort to complete the reconstruction and renovation work on the...

Published 03 Apr, 2023 06:36am

The Weather

KARACHI: The weather report on Sunday (April 02, 2023) and the forecast for Monday (April 03, 2023)....

Published 03 Apr, 2023 06:36am

Rates

PSX witnesses lacklustre performance

KARACHI: Pakistan Stock Exchange witnessed lacklustre performance during the outgoing week ended on March 31, 2023 ...

Published 03 Apr, 2023 06:36am

Rates

Futures spread down 1060bps

KARACHI: The futures spread declined by 1060bps to 5.08 percent on the last day of the outgoing week. Trading...

Published 03 Apr, 2023 06:36am

A possible way forward–I

Pakistan today is perilously close to declaring its inability to settle its external debt obligations. Default. What...

Published 03 Apr, 2023 06:36am

Rates

PKR declines 0.21pc

KARACHI: The rupee depreciated a marginal 0.21% against the US dollar in the previous week, as a slightly higher...

Published 03 Apr, 2023 06:36am

PFA unearths fake beverages unit

LAHORE: The Punjab Food Authority (PFA) has unearthed a fake beverage manufacturing unit producing carbonated drinks...

Published 03 Apr, 2023 06:36am

CDA to auction commercial plots to boost revenue

ISLAMABAD: The capital Development Authority (CDA) is all set to auction commercial plots in various developed...

Published 03 Apr, 2023 06:36am

Marriyum deplores PTI’s social media campaign against free flour scheme

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb on Saturday fired a broadside at the ...

Published 03 Apr, 2023 06:36am

Talks with govt ‘only’ on polls issue: Imran

LAHORE :Pakistan Tehreek-e-Insaf Chairman and former prime minister Imran Khan has said that he would not negotiate...

Published 03 Apr, 2023 06:36am

Revival of trade: Maryam congratulates China, Pakistan

ISLAMABAD: Pakistan Muslim League-N senior vice president and chief organizer, Maryam Nawaz Sharif on Sunday...

Published 03 Apr, 2023 06:36am

PTI leader steps up criticism of PDM

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Central Secretary of Information Fawad Chaudhry has said that the meetings ...

Published 03 Apr, 2023 06:36am

Landslide hits large part of Balochistan-KP highway

ISLAMABAD: Heavy landslides have occurred in the Mount Sulaiman range, due to recent rains in the border hilly areas...

Published 03 Apr, 2023 06:36am

Rainy weather forecast for areas in KP, Punjab

LAHORE Another westerly wave is likely to enter western parts of the country from 3 April (Today) and likely to...

Published 03 Apr, 2023 06:36am

AJK govt determined to deliver quality healthcare at people’s doorstep: PM

MIRPUR (AJK): Prime Minister of Azad Jammu and Kashmir Sardar Tanveer Illayas has said that his government was...

Published 03 Apr, 2023 06:36am

Minister orders effective enforcement of labour laws

PESHAWAR: KP Caretaker Minister for Labour, Excise, Taxation and Narcotics Control, Haji Manzoor Afridi has directed...

Published 03 Apr, 2023 06:36am

KMU to establish general teaching hospital

PESHAWAR: Khyber Medical University (KMU) Peshawar has decided to establish a general teaching hospital at the main...

Published 03 Apr, 2023 06:36am

Police foil bid to smuggle weapons into Punjab

LAHORE: The Punjab police have foiled an attempt to smuggle weapons from Khyber Pakhtunkhwa (KP) into Punjab....

Published 03 Apr, 2023 06:36am

Huawei provided 2,500 jobs in six months: CEO

ISLAMABAD: Huawei is among the largest tax paying and job creative company in Pakistan, said chief executive officer...

Published 03 Apr, 2023 06:36am

Proposed launch of cargo train: Railways invites proposals for commercial management of service

PESHAWAR: While expressing its intention of introducing Peshawar Cargo Express Train service, Pakistan Railways (PR)...

Published 03 Apr, 2023 06:36am

‘Business centres in private societies turn into begging dens’

ISLAMABAD: With the arrival of holy month of Ramazan, a large number of beggars and alms seekers have appeared in ...

Published 03 Apr, 2023 06:36am

Sports goods body signs MoU with Gujranwala university

SIALKOT: The Corporate Relation Department, under auspices of Student Development Centre, GIFT University ...

Published 03 Apr, 2023 06:36am

Illegal hunting of rare bird Balochistan CM takes notice

QUETTA: Chief Minister Balochistan Mir Abdul Quddus Bizenjo on Sunday took notice of the illegal hunting of...

Published 03 Apr, 2023 06:36am

National elections: JI to expedite efforts to develop consensus among parties: Siraj

LAHORE: Chief of Jammat-e-Islami Sirajul Haq has announced that the JI would expedite efforts to develop consensus...

Published 03 Apr, 2023 06:36am

LHC to take up IK’s plea for dismissal of 121 cases today

LAHORE: Pakistan Tehreek-e-Insaf (PIT) chairman and former prime minister Imran Khan’s petition seeking the...

Published 03 Apr, 2023 06:36am

‘Pakistanis living in UK keen to invest in Pakistan’

ISLAMABAD: President Pak-British Friendship Council North West Chapter, Muhammad Arbab Khan Sunday said that he...

Published 03 Apr, 2023 06:36am

CM reviews steps being taken for improving jail facilities

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi presided over a special meeting at CM Office in which steps...

Published 03 Apr, 2023 06:36am

Imran’s ‘plan to sabotage CPEC’ foiled, says Maryam

LAHORE Pakistan Muslim League-Nawaz (PML-N) senior vice president Maryam Nawaz has said on Sunday that Pakistan...

Published 03 Apr, 2023 06:36am

Pension reforms

Throwing Molotov cocktails (petrol bombs) at the police and in return tear-gassed and water-cannoned with, as is the...

Published 03 Apr, 2023 06:36am

A slide without end: business groups must step in

All stakeholders agree that Pakistan is currently facing the greatest generational crisis in its history. What...

Published 03 Apr, 2023 06:36am

Letters

Ration distribution turns into great tragedy

Pleasure turned into tragedy at Murree a few years ago. Amongst the many tourists that came to this hill resort to...

Published 03 Apr, 2023 06:36am

Stocks

Nasdaq posts biggest quarterly gain since 2020

NEW YORK: Wall Street rallied on Friday and the Nasdaq notched its biggest quarterly percentage gain since June ...

Published 03 Apr, 2023 06:36am

Stocks

Wall Street Week Ahead: Resilient US stocks failing to factor in recession, investors fear

NEW YORK: US stocks have soldiered on through a banking mess to notch solid first-quarter gains. Some investors say...

Published 03 Apr, 2023 06:36am

Stocks

China stocks close up as manufacturing activity expands

SHANGHAI: China stocks rose on Friday as Chinese manufacturing activity growth beat expectations, while spin-off and...

Published 03 Apr, 2023 06:36am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (March 27 to 31,...

Published 03 Apr, 2023 06:36am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday April 03, 2023

Published 03 Apr, 2023 06:36am

Only 1 company interested in beleaguered PSM

Ministry of Industries and Production is endeavouring to resolve the longstanding issue of receivables and payables between Sui Southern Gas Company Limited and Pakistan Steel Mills

Updated 03 Apr, 2023 11:58am

600MW solar project in jeopardy

ISLAMABAD: The government’s flagship project of 600-MW solar plant at Muzaffargarh (South Punjab) is reportedly in...

Updated 03 Apr, 2023 08:44am

Russian oil shipment to reach next month: Musadik

LAHORE: Pakistan is all set to import cheap oil from Russia and the first shipment will reach Pakistan next month...

Updated 03 Apr, 2023 08:42am

Khunjerab Pass reopening to boost bilateral trade: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday expressed his pleasure over the reopening of Khunjerab Pass and...

Updated 03 Apr, 2023 08:43am

All stalled development projects restarted: govt

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb said that Prime Minister Shehbaz Sharif has...

Updated 03 Apr, 2023 08:38am

Constitutional impasse? PM meets lawyers at his Model Town residence

LAHORE: Prime Minister Shehbaz Sharif on Sunday held meetings with PML-N leaders and legal experts at his Lahore’s...

Updated 03 Apr, 2023 08:43am

Budget proposals presented: Steel melting sector highlights challenges

LAHORE: The country’s steel melting industry is in a state of extreme distress as the banking sector remains...

Updated 03 Apr, 2023 08:41am

March SRB collection rises 28pc to 19bn YoY

KARACHI: Sindh Revenue Board (SRB) has posted revenue collection of Rs. 19.034 billion in March 2023, as compared to...

Updated 03 Apr, 2023 08:41am

One dead as sectarian clashes rock parts of India

NEW DELHI: Authorities deployed hundreds of riot police and cut mobile internet services in parts of eastern India ...

Updated 03 Apr, 2023 08:40am

Elahi says talks restarted with MQM-P

LAHORE: Pakistan Tehreek-e-Insaf (PTI) leader Pervaiz Elahi claimed on Sunday that his party had restarted talks...

Updated 03 Apr, 2023 08:41am

Govt rejects rumours of trade with Israel

ISLAMABAD: Amid reports of an exchange of goods between Pakistan and Israel, Pakistan strongly rejected the reports...

Updated 03 Apr, 2023 08:40am

Energy

Fesco management striving for welfare of staff: CEO

FAISALABAD: Faisalabad Electric Supply Company (FESCO) management is striving hard for the welfare & solution of...

Published 03 Apr, 2023 06:36am

Cotton & Textile

Weekly Cotton Review: Mixed trend prevails as trading volume remains low

KARACHI: Mixed trend remained there in the cotton market previous week, amid low trading volume. However, ...

Published 03 Apr, 2023 06:36am

SBP’s dilemma: battered economy, high inflation

EDITORIAL: The SBP (State Bank of Pakistan) is scheduled to announce its monetary policy on 4th April. According to...

Updated 03 Apr, 2023 12:45pm

Feeble fight against malaria

EDITORIAL: According to a recent World Health Organisation (WHO) statement, so far 42 countries and territories...

Published 03 Apr, 2023 06:36am

Energy

Gas supply situation getting worse: Hyderabad chamber chief

HYDERABAD: President of Hyderabad Chamber of Small Traders and Small Industry Muhammad Farooq Shaikhani said that...

Published 03 Apr, 2023 06:36am

Stocks

India markets regulator agrees to give more say to investors

MUMBAI: India’s market regulator on Wednesday agreed to give more power to shareholders and asked large...

Published 03 Apr, 2023 06:36am

Commodities

Copper chalks up quarterly gain as China recovers

LONDON: Copper prices edged lower on Friday but were still up about 7.5% over the first quarter as demand in top...

Published 03 Apr, 2023 06:36am

Energy

Oil settles 1pc higher on tightening supplies

BENGALURU: Oil prices rose by more than a dollar a barrel on Friday to record their second-straight week of gains, ...

Published 03 Apr, 2023 06:36am

Commodities

Gold bound for quarterly gain on bets for less aggressive Fed

NEW YORK: Gold prices were on track for a second straight quarterly rise on Friday as growing bets that the US...

Published 03 Apr, 2023 06:36am

Palm oil posts weekly gain on supply woes

Commodities

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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