News Archives for Print - 2023-05-29

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Print - 2023-05-29

Erdogan declares victory in historic Turkey runoff

ISTANBUL: Turkish President Recep Tayyip Erdogan declared victory Sunday in a historic runoff vote that posed the...

Published 29 May, 2023 04:27am

South Asia

Indian police detain protesting wrestlers, clear site

NEW DELHI: Indian police dragged away and detained on Sunday two Olympic wrestlers and dozens of others as they ...

Published 29 May, 2023 04:27am

Europe

Ukraine reports ‘most important’ drone attack on Kyiv

KYIV: Russia unleashed the “most important” assault by drones on Kyiv overnight Saturday-Sunday since the start...

Published 29 May, 2023 04:27am

US, Saudi Arabia call for extended ceasefire in Sudan

DUBAI: Saudi Arabia and the United States called on Sunday for the extension of a ceasefire deal that has brought...

Published 29 May, 2023 04:27am

Sultan of Iran-West mediator Oman visits Tehran

TEHRAN: Oman’s Sultan Haitham bin Tarik, whose Gulf country has been a long-time mediator between Iran and the...

Published 29 May, 2023 04:27am

China prioritising Turkmenistan over Russia in next big pipeline project

SINGAPORE /ASHGABAT: China is accelerating the building of a long-delayed Central Asian pipeline to source gas from...

Published 29 May, 2023 04:27am

No extra pressure on Alcaraz at French Open, says Ferrero

PARIS: There is no added pressure on Carlos Alcaraz to win his second Grand Slam title at the French Open, his coach...

Published 29 May, 2023 04:27am

ODI World Cup schedule during WTC final, says India’s cricket chief

AHMEDABAD: The dates and venues for this year’s ODI World Cup in India will be revealed around the Test...

Published 29 May, 2023 04:27am

India’s Prannoy clinches maiden Malaysia Masters title

KUALA LUMPUR: India’s shuttler H.S. Prannoy defeated China’s Weng Hongyang in a close battle to win the men’s...

Published 29 May, 2023 04:27am

Australia coach backs Warner to play ‘significant part’ in Ashes

SYDNEY: Australia’s head coach Andrew McDonald on Wednesday backed under-pressure David Warner to play “a really...

Published 29 May, 2023 04:27am

ICC Chairman, Chief Executive due tomorrow

LAHORE: ICC Chairman Greg Barclay and Chief Executive Geoff Allardice will be arriving, here on Tuesday on a two-day...

Published 29 May, 2023 04:27am

French Olympic movement must ‘focus’ on Paris Games: IOC

LAUSANNE: The French Olympic movement must “focus” on the preparations for the 2024 Games in Paris, an IOC...

Published 29 May, 2023 04:27am

Bayern back Tuchel after sackings and confirm Rummenigge return

MUNICH: Bayern Munich chairman Herbert Hainer on Sunday promised manager Thomas Tuchel’s job is safe with the...

Published 29 May, 2023 04:27am

Leicester, Leeds relegated from Premier League as Everton survive

LIVERPOOL, (England): Leicester were relegated from the Premier League just seven years after a spectacular title...

Published 29 May, 2023 04:27am

Three more leaders quit PTI

ISLAMABAD: As the exodus of Pakistan Tehreek-e-Insaf’s (PTI) second-tier leadership continues unabated, three more...

Published 29 May, 2023 04:27am

Companies

Credit Suisse sale to UBS was ‘surprising’: Standard Chartered CEO

DOHA: Standard Chartered CEO Bill Winters on Tuesday said the sale of Credit Suisse to UBS was “surprising” ...

Published 29 May, 2023 04:27am

Companies

Apple inks deal with Broadcom for US-made chips

WASHINTON: Apple Inc on Tuesday said it has entered a multi-billion-dollar deal with chipmaker Broadcom Inc to use...

Published 29 May, 2023 04:27am

Companies

British, US law firms unveil $3.4-bn merger

LONDON: British law firm Allen & Overy and US peer Shearman & Sterling on Monday unveiled a merger to create...

Published 29 May, 2023 04:27am

Lahore Police has disbursed Rs1.44bn among 759 families since 2017: CCPO

LAHORE: The Lahore Police have disbursed 1.4 billion rupees from its district welfare fund to provide financial aid...

Published 29 May, 2023 04:27am

Dr Seemin Jamali laid to rest

KARACHI: Former Jinnah Hospital Postgraduate Medical Centre (JPMC) executive director Dr Seemin Jamali was laid to...

Published 29 May, 2023 04:27am

Mushaal urges govt to highlight Yasin’s plight globally

ISLAMABAD: Mushaal Hussein Mullick, the Chairperson of Peace and Culture Organisation and wife of jailed Kashmiri...

Published 29 May, 2023 04:27am

Senate chief, Balochistan CM discuss BAP affairs

QUETTA: Chairman Senate Muhammad Sadiq Sanjrani called on the Central President of Balochistan Awami Party (BAP),...

Published 29 May, 2023 04:27am

Maryam thanks army for defending N-programme

LAHORE: Pakistan Muslim League-Nawaz (PML-N) Senior Vice President Maryam Nawaz on Sunday thanked the Pakistan Army...

Published 29 May, 2023 04:27am

PUC convention terms: May 9 ‘black day’, describes attackers as ‘terrorists’

GUJRANWALA: The Pakistan Ulema Council (PUC) on Sunday convened the ‘Stability of Pakistan, Ulema-Mashaykh...

Published 29 May, 2023 04:27am

Budget FY24: speakers urge KP govt to prioritise education

PESHAWAR: Speakers at a pre-budget seminar on girls’ have urged the Khyber Pakhtunkhwa government to keep ...

Published 29 May, 2023 04:27am

Defence minister heaps praise on Nawaz

SIALKOT: Minister for Defence, Khawaja Muhammad Asif on Sunday said 25 years ago on May 28th, Pakistan became a...

Published 29 May, 2023 04:27am

Al-Khidmat, GCT join hands to boost literacy

KARACHI: Al-Khidmat Foundation Pakistan and Green Crescent Trust (GCT) have agreed to work together to jointly ...

Published 29 May, 2023 04:27am

PM congratulates Erdogan on re-election

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday congratulated Recep Tayyip Erdogan on his historic re-election as...

Published 29 May, 2023 04:27am

Sindh: Six children drown in ponds

KARACHI: As many as six children drowned while two others rescued in separate incidents in different districts of...

Published 29 May, 2023 04:27am

Sindh plans to create force for transport dept

KARACHI: The Sindh government has decided to establish a force within the transport department, based on the model ...

Published 29 May, 2023 04:27am

Business community pays tribute to forces

HYDERABAD: Presi-dent of Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) Muhammad Farooq Shaikhani...

Published 29 May, 2023 04:27am

Twitter account: Fawad replaces IK’s photograph with saying of a US writer

ISLAMABAD: Former PTI leader and ex federal minister Fawad Chaudhary after parting ways with Imran Khan has also...

Published 29 May, 2023 04:27am

SAU, SAD establish modern ‘Geographical Information System’

HYDERABAD: SAU and the Department of Agriculture of Sindh (SAD) will develop a data center to monitor natural...

Published 29 May, 2023 04:27am

DC Hyderabad for intensifying anti-narcotics operations

HYDERABAD: Divi-sional Commissioner Hyderabad Bilal Ahmed Memon has directed all the Deputy Commissioners and SSPs ...

Published 29 May, 2023 04:27am

Europe

France in ‘close talks’ over debt rating

PARIS: France is in “very close talks” with debt rating agency Standard and Poor’s, Prime Minister Elisabeth...

Published 29 May, 2023 04:27am

Kostyuk can’t ‘respect’ Sabalenka’s ‘no war support’ vow at French Open

PARIS: Ukraine’s Marta Kostyuk shrugged off the deluge of jeers and boos which greeted her refusal to shake hands...

Published 29 May, 2023 04:27am

PSG’s Qatari owners in talks over Sampdoria investment

PARIS: Qatar Sports Investments, the owners of French champions Paris Saint-Germain, are in negotiations over...

Published 29 May, 2023 04:27am

Bilawal greets nation on silver jubilee of nuclear tests

KARACHI: Chairman Pakistan People’s Party (PPP) and Foreign Minister Bilawal Bhutto Zardari has extended greetings...

Published 29 May, 2023 04:27am

PPP Labour Wing: Bilawal constitutes organising committee

KARACHI: In a significant move, Bilawal Bhutto Zardari, the Chairman of the Pakistan People’s Party (PPP), has...

Published 29 May, 2023 04:27am

Youm-e-Takbeer a journey towards credible minimum deterrence: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday said that Youm-e-Takbeer was not just a day but a story of the...

Published 29 May, 2023 04:27am

No negotiations with PTI: Saad

LAHORE: Federal Railways Minister Khawaja Saad Rafique has said that the government is not going to hold talks with...

Published 29 May, 2023 04:27am

Rana rules out talks with IK amid political impasse

FAISALABAD: Interior Minister Rana Sanaullah lambasted on Sunday Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan,...

Published 29 May, 2023 04:27am

IK hires lawyer to initiate legal action against Patel

LAHORE: Lawyer Abuzar Salman Niazi on Sunday said he was engaged by Pakistan Tehreek-e-Insaf (PTI) Chairman Imran...

Published 29 May, 2023 04:27am

Rashid says he will never abandon IK

ISLAMABAD: Awami Muslim League (AML) Chief Sheikh Rashid Ahmad plainly said on Sunday that “as long as Pakistan...

Published 29 May, 2023 04:27am

Nuclear capability: President praises scientists, civil-military leadership

ISLAMABAD: President Dr Arif Alvi on Sunday said that the achievement of nuclear capability was indeed a remarkable...

Published 29 May, 2023 04:27am

Nation celebrates Youm-e-Takbeer with zeal, fervour

ISLAMABAD: The nation celebrated Youm-e-Takbeer on Sunday with great zeal and fervor, marking the historic day when...

Published 29 May, 2023 04:27am

Rana’s presser virtual confession of ‘heinous crimes’: PTI

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) central secretary information Rauf Hassan said on Sunday that Interior...

Published 29 May, 2023 04:27am

No change in loadshedding schedule since March: KE

KARACHI: Spokesperson KE in an online statement reiterated that loadshedding schedule for Karachi has not changed...

Published 29 May, 2023 04:27am

Peshawar BRT service faces prospect of closure

PESHAWAR: The operating authorities of Bus Rapid Transit (BRT) Peshawar have demanded the government to pay Rs 450...

Published 29 May, 2023 04:27am

SWEEP project inaugurated in Karachi

KARACHI: Minister for Local Government Syed Nasir Hussain Shah and Minister Information Sharjeel Inam Memon...

Published 29 May, 2023 04:27am

Concerns voiced over alarming rise in the number of diabetics

KARACHI: Around 53 percent people were found to be diabetics in Pakistan when over 21,729 people were screened for...

Published 29 May, 2023 04:27am

Govt and people‘Increased tobacco taxation is a win-win situation’: speakers

ISLAMABAD: Increased tobacco taxation is a win-win situation for the government and people of Pakistan provided that...

Published 29 May, 2023 04:27am

Death of infant in incubator: CM constitutes inquiry committee

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi visited Children Hospital owing to the death of a female infant...

Published 29 May, 2023 04:27am

Direct flights between Karachi, Kuala Lumpur soon: Malaysian HC

PESHAWAR: Malaysian High Commissioner to Pakistan, Mohammad Azhar Mazlan has said that the direct flight between...

Published 29 May, 2023 04:27am

Delegations of ABAD, LHCBA call on CM

LAHORE: A delegation of the Association of Builders and Developers Pakistan (ABAD) met with the Caretaker Chief...

Published 29 May, 2023 04:27am

The Weather

KARACHI: The weather report on Sunday (May 28, 2023) and the forecast for Monday (May 29, 2023)....

Published 29 May, 2023 04:27am

Rates

Futures spread down 2188bps

KARACHI: The futures spread declined by 2188bps to 9.90 percent on the last day of the outgoing week. Trading...

Published 29 May, 2023 04:27am

Rates

PSX witnesses negative trend

KARACHI: Pakistan Stock Exchange witnessed negative trend during the outgoing week due to selling on investor...

Published 29 May, 2023 04:27am

Accumulated profits: Proposed advance tax may be challenged in courts

ISLAMABAD: The advance tax on companies’ accumulated profits proposed by the Reform and Revenue Mobilisation...

Updated 29 May, 2023 09:04am

Govt to share budget details with IMF to unlock funds: Dar

ISLAMABAD: Finance Minister Ishaq Dar said on Sunday the country will share its upcoming budget details with the...

Updated 29 May, 2023 09:01am

Budget FY2023-24: PM not putting economic slump into perspective?

Constitutes a nine-member committee to propose pro-poor measures in Federal Budget 2023-24

Updated 29 May, 2023 12:48pm

Transportation of HSD: APL proposes to repurpose its Hub-ZOT pipeline

ISLAMABAD: Asia Petroleum Limited (APL) has proposed repurposing its pipeline to transport High Speed Diesel (HSD)...

Updated 29 May, 2023 09:03am

SRO on ‘records of beneficial owners’ irks PBC

ISLAMABAD: The Pakistan Business Council (PBC) has expressed serious concern over the Federal Board of Revenue’s...

Updated 29 May, 2023 08:54am

PBS statement full of mistakes: economist

ISLAMABAD: Realistic projections for the current year indicate that GDP growth will be negative 4 percent against...

Updated 29 May, 2023 08:55am

WB terms one component of KWSSIP ‘high risk’

ISLAMABAD: The World Bank has rated the $100 million worth of the Karachi Water and Sewerage Services Improvement...

Updated 29 May, 2023 08:54am

Rates

PKR appreciates marginally

KARACHI: The rupee appreciated marginally by 0.23% in the inter-bank market against the US dollar during the ...

Published 29 May, 2023 04:27am

Governor for character-building efforts

LAHORE: Inaugurating the ‘Ahsan Javed Science Innovation Center’ here at Aitchison College, Punjab Governor,...

Published 29 May, 2023 04:27am

The slow poisoning of economy?

Some of the budget proposals circulating in the media — especially those recommended by the reforms and revenue...

Updated 29 May, 2023 12:15pm

Domestic and foreign savings: Government must cease reliance

National savings rate is an important indicator of an economy’s financial health, and its identity with investment...

Published 29 May, 2023 04:27am

Letters

No more violations of constitution, please

How ironic and disturbing it is that the government has ruled out negotiations with Pakistan Tehreek-e-Insaf (PTI)...

Published 29 May, 2023 04:27am

Stocks

China allows Morgan Stanley to set up China futures unit

SHANGHAI: China’s securities regulator said on Friday it had allowed Morgan Stanley to set up a China futures...

Published 29 May, 2023 04:27am

Energy

Solar investment outshines oil: IEA

PARIS: Investment in solar power is expected to overtake oil for the first time this year as clean energy spending...

Published 29 May, 2023 04:27am

Cotton & Textile

Weekly Review: Prices of cotton remain stable

KARACHI: The prices of cotton remained stable previous week, as trading volume remained low. Partial arrival of the...

Published 29 May, 2023 04:27am

Stocks

China stocks close flat with Sino-US tensions in focus

SHANGHAI: China stocks closed flat on Friday with investor sentiment broadly subdued with market focus on Sino-US...

Published 29 May, 2023 04:27am

Commodities

Copper gains but still heading for sixth straight weekly loss

LONDON: Copper prices rose on Friday but remained on track for a sixth consecutive weekly loss amid lacklustre ...

Published 29 May, 2023 04:27am

Energy

Oil prices edge higher as US closes in on debt deal

HOUSTON: Oil prices ticked up on Friday as US officials appeared close to striking a debt ceiling deal, and as the...

Published 29 May, 2023 04:27am

Commodities

Raw sugar, arabica coffee steady

LONDON: Raw sugar and arabica coffee futures on ICE rose on Friday as the markets consolidated after plumbing more...

Published 29 May, 2023 04:27am

Commodities

Palm oil clocks weekly rise as El Nino stokes production concerns

KUALA LUMPUR: Malaysian palm oil futures ended higher for a third straight day on Friday to log weekly gains on...

Published 29 May, 2023 04:27am

Stocks

Wall Street surges on optimism about debt ceiling talks

NEW YORK: Wall Street jumped on Friday following progress in negotiations on raising the US debt ceiling, while chip...

Published 29 May, 2023 04:27am

Stocks

Wall Street Week Ahead: Debt ceiling deal may shift investor focus to further Fed action

NEW YORK: A last-minute deal to raise the US $31.4 trillion debt ceiling will likely shift Wall Street’s attention...

Published 29 May, 2023 04:27am

Companies

Netflix expands password-sharing crackdown worldwide

SAN FRANCISCO: Netflix on Tuesday expanded its crackdown on users sharing passwords with people beyond their...

Published 29 May, 2023 04:27am

Energy

Sindh Cess Tax: OMAP writes letter to Ogra

LAHORE: Oil Marketing Association of Pakistan on Sunday said imposition of the Sindh Cess Tax increases the...

Published 29 May, 2023 04:27am

Rates

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Sunday (May 28,...

Published 29 May, 2023 04:27am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (May 22 to 26,...

Published 29 May, 2023 04:27am

IK urges SC to ‘save democracy’

LAHORE Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan requested the apex court to play a role for saving...

Updated 29 May, 2023 09:01am

IK ‘reveals’ Rana’s ‘plot’

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has lambasted Interior Minister Rana Sanaullah for trying...

Updated 29 May, 2023 09:02am

Cabinet may ratify deal between UPL, govt entities

ISLAMABAD: The long-awaited deal between Uch Power (Pvt) Limited (UPL) and entities of Power Division and Petroleum...

Updated 29 May, 2023 09:02am

Republicans, Biden reach debt ceiling deal

WASHINGTON: President Joe Biden and Republican leader Kevin McCarthy announced a deal Saturday to raise the debt...

Updated 29 May, 2023 08:54am

Commercial utilisation of SSGC LPG: Govt urged to allow access to parties interested in building storages

Islamabad: The LPG Industries Association of Pakistan has asked the federal government to allow third-party access...

Published 29 May, 2023 04:27am

Dar vows to fuel economy

ISLAMABAD: Finance Minister Senator Ishaq Dar on Sunday addressed the conference of Pakistan Muslim League-N ...

Published 29 May, 2023 04:27am

Taxes

Economist advocates tax simplification to boost base

KARACHI: Government is advised to simplify taxation to broaden its net: economist, said economic and financial...

Published 29 May, 2023 04:27am

Industry

Karachi can host six more industrial estates: PDP chief

KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor here Sunday said that new industrial cities are...

Published 29 May, 2023 04:27am

Industry

Beverage industry urges govt to withdraw additional FED

LAHORE: The aerated beverage industry has reported a drop of 35% - 40% in volume since the imposition of another 7%...

Published 29 May, 2023 04:27am

Industry

NLC stall at TEXPO attracts large number of visitors

ISLAMABAD: The stall set up by National Logistics Cell (NLC) in the fourth edition of Textile Exhibition (TEXPO)...

Published 29 May, 2023 04:27am

Balochistan Customs collects Rs21bn so far

Taxes

Industry

SBP, FPCCI to jointly work on various socio-economic schemes

PESHAWAR: State Bank of Pakistan (SBP) and Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Khyber...

Published 29 May, 2023 04:27am

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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