News Archives for Print - 2023-08-28

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Print - 2023-08-28

Police carrying out raids to arrest PIA CBA leaders

KARACHI: The police department has conducted raids at the residence of Pakistan International Airlines (PIA) CBA...

Published 28 Aug, 2023 07:07am

SSUET bags ‘Brand of the Year Award’

KARACHI: Sir Syed University of Engineering & Technology (SSUET) has been once again bestowed with the Brand of...

Published 28 Aug, 2023 07:02am

Law Ministry assails PTI’s campaign against IHC CJ

ISLAMABAD: Strongly condemning a campaign being run by Pakistan Tehreek-i-Insaf (PTI) against Islamabad High Court...

Published 28 Aug, 2023 07:01am

MQM-P delegation to meet ECP high-ups today

KARACHI: A Muttahida Qaumi Movement-Pakistan (MQM-P) delegation will meet the Election Commission of Pakistan (ECP)...

Published 28 Aug, 2023 06:57am

CS KP visits control-room setup for by-election

PESHAWAR: The Chief Secretary Khyber Pakhtunkhwa, Nadeem Aslam Chaudhry, accompanied by the Inspector General of...

Published 28 Aug, 2023 06:55am

Protecting rights of peasants and rural workers: Effective enforcement of laws remains elusive: HWA

HYDERABAD: The participants of a policy dialogue expressed deep concern over the government’s apparent disregard...

Published 28 Aug, 2023 06:54am

PESCO seeks police protection amid protests

PESHAWAR: The Peshawar Electric Supply Company (PESCO) has asked for police protection due to continuous protests of...

Published 28 Aug, 2023 06:51am

MQM-P for polls only after fresh delimitations

KARACHI: Muttahida Qaumi Movement-Pakistan (MQM-P) Convener Dr Khalid Maqbool Siddiqui on Sunday demanded ...

Published 28 Aug, 2023 06:27am

Irrigation dept asked to ensure Sukkur Barrage’s structural safety

KARACHI: Caretaker Sindh Minister for Finance Planning & Development Mohammad Younus Dagha has directed the...

Published 28 Aug, 2023 06:27am

Six held as PTI stages ‘rally’ in Karachi

KARACHI: Karachi East police arrested six workers of the Pakistan Tehreek-e-Insaf (PTI) for holding a protest rally...

Published 28 Aug, 2023 06:27am

JI criticises ‘perks for elite only’ policy

KARACHI: Jamaat-e-Islami Karachi chapter Ameer Engr Hafiz Naeemur Rehman, while addressing protesters, said it is...

Published 28 Aug, 2023 06:27am

South Asia

Modi calls for African Union to join G20

NEW DELHI: Indian Prime Minister Narendra Modi called Sunday for the African Union to be made a G20 member, while...

Published 28 Aug, 2023 06:27am

Nine students holding Chinese govt’s MS, PhD scholarships meet VC UAF

FAISALABAD: Nine students of University of Agriculture Faisalabad who won their MS and PhD scholarships from Chinese...

Published 28 Aug, 2023 06:27am

Europe

Thousands of redheads celebrate at annual festival

TILBURG, (The Netherlands): Thousands of people gathered in the Netherlands this weekend to celebrate their red hair...

Published 28 Aug, 2023 06:27am

Pakistan-China joint air exercise ‘Shaheen X’ to begin tomorrow

BEIJING: The Pakistan-China joint air training exercise Shaheen X will begin tomorrow which is being hosted by China...

Published 28 Aug, 2023 06:27am

Body for improving facilities in graveyards meets at a graveyard

ISLAMABAD: The first meeting of the Graveyard Development and Facilitation Committee convened Sunday at the H-11...

Published 28 Aug, 2023 06:27am

My passion turned into my profession because of my father: Tayyab Tahir

LAHORE: This has been an exciting year for Tayyab Tahir, as his outstanding run in the Pakistan Cup 2022-23 helped...

Updated 28 Aug, 2023 10:40am

PCB’s Management body approves budget 2023-24

LAHORE: Pakistan Cricket Board (PCB)’s Management Committee which met on Sunday with Zaka Ashraf in the chair...

Published 28 Aug, 2023 06:27am

Najibullah returns to Afghanistan squad for Asia Cup

KABUL: Middle-order batter Najibullah Zadran returned to Afghanistan’s 17-man squad on Sunday ahead of the Asia ...

Published 28 Aug, 2023 06:27am

Nasir Iqbal and Zainab win 2nd CNS All Pakistan Squash Championship-2023

KARACHI: The final match and prize distribution ceremony of 2nd Chief of the Naval Staff Squash Championship 2023 ...

Published 28 Aug, 2023 06:27am

Rodri strikes late as Man City extend perfect start

LONDON: Manchester City extended their perfect start to the Premier League season as Rodri sealed a dramatic 2-1 win...

Published 28 Aug, 2023 06:27am

Quetta-Bostan track: Railways expediting rehabilitation work

ISLAMABAD: Pakistan Railways is expediting the efforts to complete the rehabilitation work of a 33.50-kilometre ...

Updated 28 Aug, 2023 07:11am

The Weather

KARACHI: The weather report on Sunday (August 27, 2023) and the forecast for Monday (August 28, 2023)....

Published 28 Aug, 2023 06:27am

Minister visits Jamia Islamia Clifton

KARACHI: Caretaker Federal Minister for Religious Affairs and Interfaith Harmony Aneeq Ahmed on Sunday paid a visit...

Published 28 Aug, 2023 06:27am

London’s Met police on alert after IT ‘hack’

LONDON: London’s Metropolitan Police force said Sunday it was taking security measures after “unauthorised ...

Published 28 Aug, 2023 06:27am

NAB announces ‘Khuli Kacheri’ in Peshawar

PESHAWAR: The National Accountability Bureau (NAB) Khyber Pakhtunkhwa has announced a ‘Khuli Kacheri’ aimed at...

Published 28 Aug, 2023 06:27am

JI leaders booked for lodging protest against power bills

ISLAMABAD: The Islamabad police on Sunday booked Jamaat-e-Islami (JI) leadership for protesting against increase in...

Published 28 Aug, 2023 06:27am

Pakistani doctor gets 18 years in US prison on terror charges

WASHINGTON: A Pakistani physician, Muhammad Masood, was sentenced to 18 years in prison for attempting to provide...

Published 28 Aug, 2023 06:27am

Aziz Jan, Saylani Trusts join hands to launch ‘free mass IT courses’

PESHAWAR: Aziz Jan Trust and Saylani Welfare Trust have united their efforts to introduce the Saylani Mass IT (SMIT)...

Published 28 Aug, 2023 06:27am

IG Punjab for provision of justice to people without any discrimination

LAHORE: Inspector General Police Punjab Dr Usman Anwar visited Sheikhupura and Sahiwal and heard the problems of the...

Published 28 Aug, 2023 06:27am

PPP reaches out to the affected Christian families of Jaranwala

LAHORE: On the directions of chairman Pakistan Peoples’ Party Bilawal Bhutto Zardari Pakistan Peoples’ Party...

Published 28 Aug, 2023 06:27am

Uplift of Kashmiris: AJK PM speaks about criticality of region’s hydro-power potential

MIRPUR (AJK): Azad Jammu and Kashmir Prime Minister Chaudhry Anwar Ul Haq, while referring to the region’s...

Published 28 Aug, 2023 06:27am

Women’s University Swabi students: SBP announces internship opportunities

PESHAWAR: Women University Swabi students gained valuable insights from the visit of a State Bank of Pakistan (SBP)...

Published 28 Aug, 2023 06:27am

Quality education: Dawood University’s entry test 2023 sets new standards

KARACHI: In a remarkable display of commitment to quality education and efficient management, Dawood University of...

Published 28 Aug, 2023 06:27am

FTO Advisory Committee: Ziaul Haq Sarhadi nominated

PESHAWAR: Prominent businessman and President Frontier Custom Agents Association Khyber Pakhtunkhwa, Ziaul Haq...

Published 28 Aug, 2023 06:27am

Customs thwarts bid to smuggle foreign liquor worth Rs80m

KARACHI: An attempt to smuggle foreign liquor worth over Rs80 million from Port Qasim into Karachi under the guise ...

Published 28 Aug, 2023 06:27am

People urged to get redressal of their complaints thru ombudsman’s office

HYDERABAD: Federal Ombudsman Secretariat Regional Head Ambassador Dr Syed Rizwan Ahmed (Retd) said that people ...

Published 28 Aug, 2023 06:27am

Prof Ghiyas paid tributes for his meritorious services

LAHORE: Post Graduate Medical Institute Principal Prof Al-Fareed Zafar has called upon the community of medical...

Published 28 Aug, 2023 06:27am

Road to urgent resolution of the power tariff crisis

Rising electricity bills are breaking the back of the domestic consumers and making manufacturing businesses...

Published 28 Aug, 2023 06:27am

Trade conundrum: who is at fault?

The July 2023 trade data indicates an improvement in the trade deficit – from negative 1.863 billion dollars to...

Published 28 Aug, 2023 06:27am

Sherpao urges ECP to ensure free, fair elections

PESHAWAR: Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao said that the onus to hold a free and fair...

Published 28 Aug, 2023 06:27am

JI demands govt withdraw power tariff hike

LAHORE: Chief of Jamaat-e-Islami Sirajul Haq has announced a nationwide strike on September 02 (Saturday) against ...

Published 28 Aug, 2023 06:27am

Hike in power tariffs triggers protests across KP

PESHAWAR: The unprecedented increase in the power tariff has triggered protest and people in almost all districts ...

Published 28 Aug, 2023 06:27am

Rates

PKR: a tough week

KARACHI: The rupee endured a tough previous week, closing negative across all five sessions to end at a historic low...

Published 28 Aug, 2023 06:27am

Balochistan: Interim setup to help usher in industrial revolution: PM

QUETTA: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Sunday said that the interim government, during its short...

Updated 28 Aug, 2023 09:39am

Rates

Futures spread down 43bps

KARACHI: The futures spread declined by 43bps to 10.88 percent on the last day of the outgoing week. Trading...

Published 28 Aug, 2023 06:27am

Rates

PSX remains under pressure

KARACHI: Pakistan Stock Exchange remained under pressure during the outgoing week ended on August 25, 2023 as the...

Published 28 Aug, 2023 06:27am

Letters

The hike in power tariffs

The recent rise in power tariffs has immensely added to the ordeal of the common man who is already under the ...

Published 28 Aug, 2023 06:27am

Energy

Iraq to import gas from Turkmenistan to meet power needs

BAGHDAD: Iraq will import gas from Turkmenistan under an initial agreement reached by the countries to meet part of...

Published 28 Aug, 2023 06:27am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (August 21 to ...

Published 28 Aug, 2023 06:27am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday August 27, 2023

Published 28 Aug, 2023 06:27am

Energy

Texas grid operator appeals for conservation as heat wave persists

WASHINGTON: Texas’ electric grid operator asked residents and businesses to conserve energy on Sunday as its...

Published 28 Aug, 2023 06:27am

Stocks

US stocks end higher in volatile trade

NEW YORK: US stocks ended a volatile session higher on Friday as investors digested comments from Federal Reserve...

Published 28 Aug, 2023 06:27am

Stocks

Indian shares extend losses for fifth straight week

BENGALURU: Indian shares closed lower on Friday and extended losses for a fifth straight week, dragged by broad...

Published 28 Aug, 2023 06:27am

Stocks

European shares lose steam as Powell speech feeds rate concerns

PARIS: European shares lost their initial momentum on Friday, led by declines in technology and financials, with...

Published 28 Aug, 2023 06:27am

Energy

Oil up 1pc to one-week high on soaring US diesel prices

NEW YORK: Oil futures climbed about 1 percent to a one-week high on Friday as US diesel prices soared, the number of...

Published 28 Aug, 2023 06:27am

Stocks

China, HK stocks track Asian markets lower

SHANGHAI: China and Hong Kong stocks tracked Asian markets lower on Friday, as investors braced for the risk of a...

Published 28 Aug, 2023 06:27am

Commodities

Prices of essential kitchen items show upward trend

PESHAWAR: Upward trend in prices of important kitchen items, including vegetables, sugar, flour, cooking oil/ghee,...

Published 28 Aug, 2023 06:27am

Commodities

India sets floor price for basmati rice

MUMBAI: India has imposed a $1,200 per ton minimum export price (MEP) on basmati rice shipments, the government said...

Published 28 Aug, 2023 06:27am

Commodities

Palm oil posts second week of gains

JAKARTA: Malaysian palm oil futures posted a second straight weekly gain on Friday, underpinned by stronger rival...

Published 28 Aug, 2023 06:27am

Commodities

Gold drops after Powell leaves door open to more rate hikes

NEW YORK: Gold fell on Friday, en route to snap a four-session streak of gains after Federal Reserve Chair Jerome...

Published 28 Aug, 2023 06:27am

Commodities

Copper rally loses steam after Powell says higher rates may be needed

LONDON: Copper prices in London reversed earlier gains on Friday after US Federal Reserve Chair Jerome Powell said...

Published 28 Aug, 2023 06:27am

Countering violent extremism

EDITORIAL: Speaking to journalists during his visit to Karachi, the Caretaker Prime Minister, Anwaarul Haq Kakar,...

Published 28 Aug, 2023 06:27am

The IMF conditions

EDITORIAL: The statement by the Resident Representative of the International Monetary Fund (IMF) in Islamabad on 23...

Published 28 Aug, 2023 06:27am

Cotton & Textile

Weekly Cotton Review: Spot rate increases as market sees fluctuations

KARACHI: Extraordinary fluctuation from Rs 15,00 to Rs 2,500 per maund was seen in the rate of cotton. The spot rate...

Published 28 Aug, 2023 06:27am

Commodities

SCA demands Rs450 per maund sugarcane rate

HYDERABAD: The Sindh Chamber of Agriculture (SCA), a farmers’ lobbying group, on Sunday demanded at least Rs450 ...

Published 28 Aug, 2023 06:27am

US officials visit Syria’s pro-Turkish rebel area

AZAZ, (Syria): Three members of the United States Congress made a rare visit Sunday to rebel-held territory in...

Updated 28 Aug, 2023 09:17am

Israeli FM meets Libyan FM

OCCUPIED JERUSALEM: Israel’s foreign minister held a meeting with Libya’s foreign minister in Italy last week, even...

Updated 28 Aug, 2023 06:49am

Power tariffs: caretakers capitulate?

Caretaker Prime Minister Anwaar-ul-Haq Kakar says concerned ministries and related institutions should provide details of the officers and institutions receiving free electricity

Updated 28 Aug, 2023 09:51am

Incremental Units Consumption Subsidy: PALSP concerned at ‘discrimination’

ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has raised a poignant concern over the blatant...

Updated 28 Aug, 2023 09:46am

Falls under domain of Ministry of Commerce: SBP says it can’t impose ban on import of any item

ISLAMABAD: State Bank of Pakistan (SBP) has stated that it cannot impose a ban on import of any item as it falls...

Updated 28 Aug, 2023 08:44am

India releases more water into River Sutlej

LAHORE: Hundreds of homes have been destroyed, while at several places roads and embankments have been washed away...

Updated 28 Aug, 2023 08:40am

Trump raised $7.1m since he was booked Thursday at an Atlanta jail

NEW YORK: Former President Donald Trump has raised nearly $20 million in the past three weeks, a period that roughly...

Updated 28 Aug, 2023 08:39am

PSW launching port community, airport community systems

ISLAMABAD: Pakistan Single Window (PSW) will implement two new major systems, i.e., Port Community System at...

Updated 28 Aug, 2023 09:40am

FTO probe results in Rs2bn demand against NHA

ISLAMABAD: The investigation completed by Dr Asif Mahmood Jah Federal Tax Ombudsman (FTO) has resulted in huge tax...

Updated 28 Aug, 2023 09:48am

PPP leader says Nawaz unlikely to come back by Oct

ISLAMABAD: Despite the statement made by Shehbaz Sharif, PPP leader Syed Khursheed Shah has said that he does not...

Updated 28 Aug, 2023 09:17am

Number of cellular subscribers decreases

ISLAMABAD: The number of cellular subscribers in Pakistan decreased from 190.95 million by end June to 190.90 ...

Published 28 Aug, 2023 06:27am

Companies

China’s Baidu reports 15pc jump in Q2 income

BEIJING: Chinese internet giant Baidu announced on Tuesday “accelerated” revenue growth in the second quarter, ...

Published 28 Aug, 2023 06:27am

Companies

Nvidia bets $25bn that AI boom is far from over

NEW YORK: Nvidia’s CEO Jensen Huang said he expects the artificial intelligence boom will last well into next year...

Published 28 Aug, 2023 06:27am

Companies

SoftBank-backed Arm reveals revenue decline in US IPO filing

SAN FRANCISCO: SoftBank Group Corp’s Arm Holdings Ltd reported a 1% fall in annual revenue due to a slowdown in...

Published 28 Aug, 2023 06:27am

Companies

HSBC expands venture debt offering to early-stage startups in US

NEW YORK: HSBC said on Thursday it has expanded venture debt offering to early-stage startups through its US...

Published 28 Aug, 2023 06:27am

Money & Banking

Bonus freedom to pay paltry ‘Brexit dividend’ for Britain’s banks

LONDON: Banks in Britain may be free to award even bigger bonuses from January but new pay perks are unlikely to ...

Published 28 Aug, 2023 06:27am

Companies

RBC plans thousands of job cuts after profit beat

TORONTO: Royal Bank of Canada (RBC) warned of a softer economy ahead and plans to cut about 1,800 job to reduce ...

Published 28 Aug, 2023 06:27am

Companies

Westpac flags higher expenses in quarterly update

SYDNEY: Westpac Banking Corp on Monday posted a quarterly cash profit of A$1.8 billion ($1.15 billion), in line with...

Published 28 Aug, 2023 06:27am

2023-24: Strategy for additional allocation, re-appropriation of funds issued

ISLAMABAD: Finance Division has issued strategy for additional allocation and re-appropriation of funds during...

Published 28 Aug, 2023 06:27am

Money & Banking

Dollar steady as Powell says higher rates may be needed

NEW YORK: The US dollar held steady on Friday, on pace to finish the week strong, after Federal Reserve Chair Jerome...

Published 28 Aug, 2023 06:27am

Global economic transformation risks fuelling inflation: Lagarde

JACKSON HOLE (Wyoming): Profound changes in how the global economy operates, from increased protectionism to energy...

Published 28 Aug, 2023 06:27am

UK borrows less than expected in July

LONDON: Britain recorded a smaller-than-expected budget deficit in July, official data showed on Tuesday, giving...

Published 28 Aug, 2023 06:27am

Investors see long wait for enlarged BRICS’ economic boon

JOHANNESBURG/LONDON: The expansion of the BRICS group of developing countries could provide a lifeline to...

Published 28 Aug, 2023 06:27am

FCCI to collaborate with PHA to help reduce environmental pollution

Industry

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 18	280.30
USD PKR Interbank Buying / Mar 18	280.10
USD to Japanese Yen / Mar 18	149.74
USD to Swiss Franc / Mar 18	0.88
Pound Sterling to USD / Mar 18	1.30
Euro to USD / Mar 18	1.09
UK LIBOR % / Mar 17	4.96

Stock	Volume
S&P 500 / Mar 17	5,675.12
Nasdaq / Mar 17	17,808.66
Dow Jones / Mar 17	41,841.63
India Sensex / Mar 18	75,056.73
Tokyo Nikkei / Mar 18	37,883.46
Hang Seng / Mar 18	24,597.87
FTSE 100 / Mar 18	8,724.65
Germany DAX 30 / Mar 18	23,354.09
France CAC40 / Mar 18	8,119.11

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 17	17,285
Petrol/Litre / Mar 18	255.63
Crude Oil USD/Barrel / Mar 18	67.90
Gold 10 Grams PKR / Mar 18	272,076
Gold Spot USD/Ounce / Mar 18	3,012
Diesel/Litre / Mar 18	258.64
Cotton US¢/pound / Mar 18	66.44

Gainers
Losers
Leaders

Stock	Price
First IBL Mod. / Mar 18 First IBL Modaraba(FIBLM)	3.05 ▲ 0.34 (12.55%)
Parmount Sp. / Mar 18 Paramount Spinning Mills Limited(PASM)	4.50 ▲ 0.49 (12.22%)
Int. Knit. / Mar 18 International Knitwear Limited(INKL)	19.76 ▲ 1.8 (10.02%)
Chakwal Spinning / Mar 18 Chakwal Spinning Mills Limited(CWSM)	57.16 ▲ 5.2 (10.01%)
TRG Pak Ltd / Mar 18 TRG Pakistan Limited(TRG)	66.62 ▲ 6.06 (10.01%)
Agritech Limited / Mar 18 Agritech Limited(AGL)	68.26 ▲ 6.21 (10.01%)
Macter Int. Ltd / Mar 18 Macter International Limited(MACTER)	372.76 ▲ 33.89 (10%)
Hala Enterprise / Mar 18 Hala Enterprises Limited(HAEL)	12.65 ▲ 1.15 (10%)
At-Tahur Ltd. / Mar 18 At-Tahur Limited(PREMA)	56.97 ▲ 5.18 (10%)
Bunnys Limited / Mar 18 Bunnys Limited(BNL)	17.40 ▲ 1.58 (9.99%)

Stock	Price
Universal Ins. / Mar 18 The Universal Insurance Company Limited(UVIC)	8.97 ▼ -1 (-10.03%)
Idrees Tex. / Mar 18 Idrees Textile Mills Limited(IDRT)	25.45 ▼ -2.83 (-10.01%)
Khyber Textile / Mar 18 Khyber Textile Mills Limited(KHYT)	435 ▼ -48.13 (-9.96%)
Sanghar Sugar / Mar 18 Sanghar Sugar Mills Limited(SANSM)	43.71 ▼ -4.06 (-8.5%)
Dewan Textile / Mar 18 Dewan Textile Mills Limited(DWTM)	7.75 ▼ -0.67 (-7.96%)
Equity Modaraba / Mar 18 First Equity Modaraba(FEM)	3 ▼ -0.22 (-6.83%)
F.Credit & Inv / Mar 18 First Credit and Investment Bank Limited(FCIBL)	7.75 ▼ -0.55 (-6.63%)
Unicap Modaraba / Mar 18 Unicap Modaraba(UCAPM)	2.90 ▼ -0.2 (-6.45%)
Masood Textile / Mar 18 Masood Textile Mills Limited(MSOT)	50.02 ▼ -3.31 (-6.21%)
Faisal Sp. / Mar 18 Faisal Spinning Mills Limited(FASM)	303.51 ▼ -19.57 (-6.06%)

Stock	Volume
Pak Int.Bulk / Mar 18 Pakistan International Bulk Terminal(PIBTL)	58,826,162 ▲ 0.57
Pak Elektron / Mar 18 Pak Elektron Limited(PAEL)	48,322,821 ▼ -0.7
B.O.Punjab / Mar 18 The Bank of Punjab(BOP)	46,581,767 ▲ 0.18
Fauji Cement / Mar 18 Fauji Cement Company Limited(FCCL)	24,855,885 ▲ 0.28
Pak Refinery / Mar 18 Pakistan Refinery Limited(PRL)	21,328,442 ▼ -0.64
WorldCall Telecom / Mar 18 Worldcall Telecom Limited(WTL)	19,370,888 ▲ 0.01
TRG Pak Ltd / Mar 18 TRG Pakistan Limited(TRG)	18,016,216 ▲ 6.06
Fauji Foods Ltd / Mar 18 Fauji Foods Limited(FFL)	17,460,299 ▼ -0.14
Silk Bank Ltd / Mar 18 Silkbank Limited(SILK)	16,324,496 ▼ -0.02
K-Electric Ltd. / Mar 18 K-Electric Limited(KEL)	16,312,492 ▲ 0.05

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