News Archives for Print - 2023-12-11

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Print - 2023-12-11

The Weather

KARACHI: The weather report on Sunday (December 10, 2023) and the forecast for Monday (December 11, 2023)....

Published 11 Dec, 2023 06:46am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday December 10, 2023

Published 11 Dec, 2023 06:45am

Pressure grows for climate deal in Dubai

DUBAI: The president of the UN’s COP28 climate talks urged negotiators to compromise on Sunday, warning “failure...

Published 11 Dec, 2023 06:41am

‘Living hell’ in the ruins of Gaza’s largest hospital

GAZA CITY, Palestinian Territories: Hundreds of makeshift tents stand in a desolate landscape at the foot of Gaza...

Published 11 Dec, 2023 06:41am

Spinner Abrar ruled out of first Test match against Australia

LAHORE: Abrar Ahmed has been ruled out of the first Test match against Australia starting in Perth from 14th...

Published 11 Dec, 2023 06:41am

Middle East

Egyptians head to polls in election overshadowed by Gaza war

CAIRO: Egyptians began voting on Sunday in a presidential election set to hand Abdel Fattah al-Sisi a third term in...

Updated 11 Dec, 2023 07:22am

Gaza ‘catastrophic’ health situation almost impossible to improve: WHO

GENEVA: The World Health Organization chief said on Sunday it will be all but impossible to improve the...

Published 11 Dec, 2023 06:41am

Europe

Serbia opens pipeline to reduce reliance on Russian gas

BELGRADE: A pipeline connector between Serbia and Bulgaria that will reduce Serbia’s dependance on Russian gas by...

Published 11 Dec, 2023 06:41am

South Asia

Five Bangladesh opposition figures die in prison: BNP

DHAKA: Five members of Bangladesh’s main opposition party have died in prison in the past two weeks, officials and...

Updated 11 Dec, 2023 07:21am

Iran and KSA to negotiate on direct scheduled flights

DUBAI: Iran and Saudi Arabia will start formal talks next week to resume direct scheduled flights between Tehran and...

Published 11 Dec, 2023 06:41am

South Asia

Sudan orders expulsion of 15 UAE diplomats

PORT SUDAN: Sudan’s foreign ministry declared 15 UAE diplomats persona non grata Sunday, demanding they leave ...

Published 11 Dec, 2023 06:41am

Nobel winner Narges Mohammadi denounces ‘tyrannical’ regime in Iran

OSLO: Imprisoned Nobel Peace Prize winner Narges Mohammadi denounced Sunday a “tyrannical and anti-women...

Published 11 Dec, 2023 06:41am

Dry weather likely to persist

KARACHI: The Pakistan Meteorological Department Sunday predicted dry weather in most parts of the Sindh province...

Published 11 Dec, 2023 06:41am

There are 68 living languages but 12 of them are major sources of communication: experts

KARACHI: There are around 68 ‘living’ indigenous languages which are spoken in different areas of Pakistan, but...

Published 11 Dec, 2023 06:41am

Rates

KSE-100 index crosses 66,000-point psychological level

KARACHI: Pakistan Stock Exchange continued its record breaking trend during the outgoing week ended on December 08,...

Published 11 Dec, 2023 06:41am

Rates

Futures spread up 187bps

KARACHI: The futures spread increased by 187bps to 24.75 percent on the last day of the outgoing week. Trading...

Published 11 Dec, 2023 06:41am

ECP denies issuing poll schedule

ISLAMABAD: The Election Commission of Pakistan (ECP) has denied to have issued any schedule for the upcoming...

Published 11 Dec, 2023 06:41am

Rates

Another gainful week

KARACHI: The rupee extended gains for another week as it appreciated 0.38% or Rs1.10 against the US dollar in the...

Published 11 Dec, 2023 06:41am

Diamer-Bhasha Dam project: Wapda chief reviews river diversion system

LAHORE: Chairman Wapda Engr Lt Gen Sajjad Ghani (Retd) visited Diamer- Bhasha Dam Project on Sunday to review the...

Published 11 Dec, 2023 06:41am

KP formally launches second phase of ASDP in merged districts

PESHAWAR: The provincial government of Khyber Pakhtunkhwa has formally launched the second phase of the Accelerated...

Published 11 Dec, 2023 06:41am

World Human Rights day: World community urged to help stop Indian atrocities in IIOJ&K

MIRPUR, (AJK): Like the rest of the World Human Rights Day was also observed on Sunday at both sides of the Line of...

Published 11 Dec, 2023 06:41am

International Human Rights Day: Alvi bemoans global inaction against Israel

ISLAMABAD: President Dr Arif Alvi has termed it unfortunate for failure of the international community to take ...

Published 11 Dec, 2023 06:41am

APNS condoles demise of Rehmat Shah

KARACHI: The APNS expresses profound grief over the sad demise of Rehmat Shah Afridi, a senior journalist and ...

Published 11 Dec, 2023 06:41am

UN must take note of HR violations in Palestine, IIOJ&K: CM

KARACHI: Caretaker Sindh Chief Minister Former Justice Maqbool Baqar on Sunday dubbed the Genocide in Palestine and...

Published 11 Dec, 2023 06:41am

SHO martyred in bomb blast in Khuzdar

QUETTA: Station House Officer (SHO) of the Counter Terrorism Department (CTD), Murad Jamot killed and two others ...

Published 11 Dec, 2023 06:41am

Sanjrani for global action against Israeli, Indian atrocities

ISLAMABAD: Chairman Senate Sadiq Sanjrani on Sunday stressed the urgent need for collective international action to...

Published 11 Dec, 2023 06:41am

Bilawal says will ensure free healthcare if voted to power

PESHAWAR: Pakistan Peoples Party (PPP) Chairman, Bilawal Bhutto Zardari has pledged the extension of the free health...

Published 11 Dec, 2023 06:41am

CM visits ‘Controlled Access Corridor Bund Road’ project

LAHORE: Chief Minister Punjab Mohsin Naqvi visited both packages of the Controlled Access Corridor Bund Road project...

Published 11 Dec, 2023 06:41am

Peatland in Broghil National Park: study warns against over-extraction

PESHAWAR: A study on peatland consumption in Broghil National Park of Chitral has warned of over-extraction of the...

Published 11 Dec, 2023 06:41am

DG PHA briefs businessmen about Halal Certification Centre

FAISALABAD: First state-of-the-art Halal Certification Centre is being created to facilitate people to confirm the...

Published 11 Dec, 2023 06:41am

Bilateral ties discussed with Morocco, governor told

LAHORE: The Ambassador of Pakistan to Morocco, Sami Malik in a meeting with the Punjab Governor Muhammad Balighur...

Published 11 Dec, 2023 06:41am

PFA discards 1,000kgs of expired meat, lodges FIR

LAHORE: The Punjab Food Authority’s enforcement teams raided a meat processing unit in Shamkay Bhattian and...

Published 11 Dec, 2023 06:41am

Sindh govt committed to implementing labour, trade union laws: minister

KARACHI: Caretaker Sindh Minister for Information, Minority Affairs and Social Security Muhammad Ahmad Shah on ...

Published 11 Dec, 2023 06:41am

Weightlifting Championship in January

ISLAMABAD: The Hafiz Salman Butt Memorial Punjab Inter Club Youth Junior and Senior Men’s and Women’s...

Published 11 Dec, 2023 06:41am

Toll-free helpline launched for Afghan DPs in Khyber Pakhtunkhwa

PESHAWAR: Blue Veins, a non-governmental organization with the support of the International Organization for...

Published 11 Dec, 2023 06:41am

Four killed in various incidents, three bodies found in Karachi

KARACHI: Four including two killed were killed while bodies of three people were found from different localities of...

Published 11 Dec, 2023 06:41am

Economic policies should revolve around job creation: PDP

KARACHI: Showing deep concerns over growing joblessness in the country, Pasban Democratic Party (PDP) Chairman Altaf...

Published 11 Dec, 2023 06:41am

Money talks in politics

Money talks in politics and political processes globally, which necessitates regulations to ensure democratic values...

Published 11 Dec, 2023 06:41am

PSX rally: don’t read too much into ‘tezi’

The stock market is booming. The KSE100 index posted a return of 60 percent this fiscal year to date, and the rally...

Published 11 Dec, 2023 06:41am

Letters

Gaza: Human stories of suffering, anguish, and loss

“Before, we used to ask ourselves whether we will die or not on this war, but in the past two days since Friday, ...

Published 11 Dec, 2023 06:41am

Govt to help skilled workers find jobs abroad: minister

PESHAWAR: KP Minister for Industries, Commerce and Technical Education, Dr Aamir Abdullah has said that the...

Published 11 Dec, 2023 06:41am

61 students get scholarships on ombudsman’s order

LAHORE: Through the efforts of the Ombudsman Punjab, 61 students who received educational scholarships from Punjab...

Published 11 Dec, 2023 06:41am

COP28 and the need for climate action for Pakistan

While the world leaders meet on the sidelines of the COP 28 summit to agree on a climate action plan, developing...

Updated 11 Dec, 2023 07:06am

Stocks

Wall Street Week Ahead: Year-end rally in US stocks faces twin tests as Fed, inflation data loom

NEW YORK: The Federal Reserve’s last monetary policy meeting of 2023 and a US inflation report in coming days...

Published 11 Dec, 2023 06:41am

Stocks

Energy lifts Australian shares higher

SYDNEY: Australian shares rose on Friday, led by energy stocks, after talks of a potential $53 billion merger ...

Published 11 Dec, 2023 06:41am

Unbudgeted projects: Reappropriation of funds banned

Ministry of Planning, Development and Special Initiatives asks Ministries/ Divisions to place demand of rupee cover against foreign aid to the extent of expenditure to be incurred during CFY

Updated 11 Dec, 2023 09:52am

Sanjrani accepts resignation of Tarin

ISLAMABAD: Chairman Senate has accepted the resignation of former Finance Minister Shaukat Tarin. Senate Secretariat...

Updated 11 Dec, 2023 09:08am

LoIs for hydropower projects: KP seeks provinces’ say in PPIB WG

ISLAMABAD: Khyber Pakhtunkhwa (KPK) government has urged the federal government to give membership to provincial...

Updated 11 Dec, 2023 09:09am

Importer booked for evasion of Rs30m duty

ISLAMABAD: Collectorate of Customs Appraisement- South Asia Pakistan Terminal (SAPT), Karachi has booked an importer...

Updated 11 Dec, 2023 09:50am

WHO demands immediate access to Gaza

GENEVA: The World Health Organization’s executive board on Sunday adopted a resolution calling for immediate,...

Updated 11 Dec, 2023 09:05am

Israel steps up its offensive in Gaza

GAZA STRIP, Palestinian Territories: Israeli forces on Sunday fought Palestinian around southern Gaza’s main city,...

Updated 11 Dec, 2023 09:03am

COAS leaves for US

RAWALPINDI: General Syed Asim Munir Chief of Army Staff (COAS) has left on Sunday for United States of America (USA)...

Updated 11 Dec, 2023 09:04am

‘Country is not getting new inflows from abroad’

ISLAMABAD: Pakistan’s Gross Domestic Product (GDP) has been estimated at 2.17 percent for the first quarter of the...

Updated 11 Dec, 2023 09:09am

Account opening with CDC: SECP’s CGP to facilitate stock market intermediaries, investors

ISLAMABAD: The Securities and Exchange Commission of Pakistan’s (SECP) new initiative of implementing the...

Updated 11 Dec, 2023 09:48am

‘Handling complaints of aggrieved persons’: President sets aside order of Banking Mohtasib

ISLAMABAD: President Dr Arif Alvi has set aside an order of Banking Mohtasib Pakistan and directed the Mohtasib to...

Updated 11 Dec, 2023 09:48am

Saudi minister seeks govt’s intervention for resolution of KE issue

ISLAMABAD: Saudi Minister for Investment Khalid A Al-Falih has sought intervention of Caretaker Minister for Finance...

Updated 11 Dec, 2023 09:47am

PHDEC organises workshop on cultivation, export of dates

KARACHI: Pakistan Horticulture Development and Export Company (PHDEC) organised a significant workshop on Dates in...

Published 11 Dec, 2023 06:41am

Buying dry fruits becomes a distant dream for common man due to rising price hike

ISLAMABAD: Dry fruits as the most popular and consumed delight of the winter season have turned into a lavish...

Published 11 Dec, 2023 06:41am

How to increase remittances: LCCI for offering incentives to overseas Pakistanis

LAHORE: Trust building, encouragement and the lucrative incentives to the overseas Pakistanis can multiple the...

Published 11 Dec, 2023 06:41am

Money & Banking

Sindh’s integrated health, population project: World Bank rates implementation progress as ‘satisfactory’

ISLAMABAD: The World Bank (WB) has rated the overall implementation progress of the “Sindh Integrated Health and...

Published 11 Dec, 2023 06:41am

Business Facilitation Centre: FCCI chief hails Punjab CM

FAISALABAD: President Faisalabad Chamber of Commerce &Industry (FCCI) Dr Khurram Tariq has welcomed and thanked...

Published 11 Dec, 2023 06:41am

Cotton & Textile

Weekly review: Quality cotton rates remain stable amid low business volume

KARACHI: Stability in the rats of quality cotton witnessed. Business volume is limited. Due to the huge increase in...

Published 11 Dec, 2023 06:41am

PCMEA calls for devising long-term export policy

LAHORE: Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has welcomed the proposed roadmap of $100...

Published 11 Dec, 2023 06:41am

Discos gain some notoriety in the press

EDITORIAL: A few days back, the power ministry exposed various Discos for overbilling during the last summer. This ...

Published 11 Dec, 2023 06:41am

About the $100bn export target

EDITORIAL: Caretaker Commerce Minister Gohar Ijaz’s interaction with the business elite the other day — to hammer...

Published 11 Dec, 2023 06:41am

Commodities

Prices of food items show mixed trend

PESHAWAR: Mixed trend in prices of essential commodities, including vegetables, pulses, sugar, flour, fruits and...

Published 11 Dec, 2023 06:41am

Money & Banking

Indian rupee ends marginally lower

MUMBAI: The Indian rupee closed slightly lower on Friday, tracking subdued moves in its Asian peers, as investors...

Published 11 Dec, 2023 06:41am

Money & Banking

yuan weakens against dollar

SHANGHAI: The yuan weakened against the dollar on Friday and is poised to snap a three-week rising streak, as...

Published 11 Dec, 2023 06:41am

Energy

Saudi bourse gains on rising oil prices

DUBAI: Saudi Arabia’s stock market ended higher on Sunday in response to rising oil prices, although the Qatari...

Published 11 Dec, 2023 06:41am

Energy

Oil stocks send FTSE 100 to 7-week closing high

LONDON: The UK’s FTSE 100 closed at a seven-week high on Friday with a rebound in crude prices lifting shares of...

Published 11 Dec, 2023 06:41am

Energy

Shell eyes $6bn in Nigeria offshore, gas investments

ABUJA: Oil giant Shell sees $6 billion in investment opportunities in Nigeria, especially in offshore, gas and...

Published 11 Dec, 2023 06:41am

Citigroup reorganisation to be completed in first quarter, cost $1 billion

WASHINGTON: Citi-group Chief Financial Officer Mark Mason said on Wednesday the bank’s largest reorganisation in...

Published 11 Dec, 2023 06:41am

Fed pivot to interest-rate cuts seen likely to start in May

WASHINGTON: A stronger-than-expected US labor market won’t keep the Federal Reserve from pivoting to a series of...

Published 11 Dec, 2023 06:41am

China, Saudi to expand trade and investment cooperation

BEIJING: Saudi Arabia’s investment minister met with China’s commerce and industry chiefs in Beijing on Sunday...

Published 11 Dec, 2023 06:41am

Philippines, China trade accusations over South China Sea collision

BEIJING/MANILA: The Philippines and China traded accusations on Sunday over a collision of their vessels near a...

Published 11 Dec, 2023 06:41am

Experts underscore need for insulating small farmers from economic losses

HYDERABAD: Experts from national and international organizations have emphasized planning to protect small farmers...

Published 11 Dec, 2023 06:41am

Engro, its subsidiaries recognised among top 10 recipients at PSX awards

KARACHI: Engro Corporation and its subsidiaries Engro Fertilizers, Engro Polymer & Chemicals and Engro Powergen...

Published 11 Dec, 2023 06:41am

PFC says $100bn export target quite achievable

ISLAMABAD: Chief Executive Officer Pakistan Furniture Council (PFC) Mian Kashif Ashfaq Sunday emphasized the...

Published 11 Dec, 2023 06:41am

Industry

SCCI, Ejad Labs sign MoU on promotion of IT sector

PESHAWAR: A memorandum of understanding (MoU) was signed between Sarhad Chamber of Commerce and Industry and Ejad...

Published 11 Dec, 2023 06:41am

Industry

PR collects Rs67.3m from ticket-less passengers

ISLAMABAD: Pakistan Railways has collected over Rs 67.3 million from ticket-less passengers during a crackdown ...

Published 11 Dec, 2023 06:41am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	278.20
USD PKR Interbank Buying / May 9	278
USD to Japanese Yen / May 9	155.57
USD to Swiss Franc / May 9	0.91
Pound Sterling to USD / May 9	1.25
Euro to USD / May 9	1.07

Stock	Volume
S&P 500 / May 8	5187.67
Nasdaq / May 8	16302.76
Dow Jones / May 8	39056.39
India Sensex / May 9	72965.17
Tokyo Nikkei / May 9	38260.75
Hang Seng / May 9	18532.72
FTSE 100 / May 9	8363.71
Germany DAX 30 / May 9	18547.71

Item	Value
Petrol/Litre / May 9	288.49
Crude Oil USD/Barrel / May 9	79.44
Karachi Cotton PKR/37.32 KG / May 9	19935
Gold 10 Grams PKR / May 9	205075
Gold Spot USD/Ounce / May 9	2318.17
Diesel/Litre / May 9	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 9 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 9 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 9 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 9 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 9 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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