News Archives for Print - 2024-03-16

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Print - 2024-03-16

South Asia

India’s top political donor subject of fraud, tax evasion probes

MUMBAI: India’s largest known political donor is a lottery company which has been the subject of fraud and tax...

Published 16 Mar, 2024 06:26am

PCB all set to host tri-series after two decades

LAHORE: Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi met the Chairman of Cricket South Africa (CSA), Lawson...

Published 16 Mar, 2024 06:26am

LHC allows markets to remain open until midnight

LAHORE: The Lahore High Court on Friday allowed markets to remain open until midnight from Monday to Friday during...

Published 16 Mar, 2024 06:26am

Punjab govt to introduce new sanitation models: minister

LAHORE: The Punjab government would introduce new sanitation models in the light of results of the ‘Suthra Punjab...

Published 16 Mar, 2024 06:26am

Maryam seeks plan to attract investment to Punjab

LAHORE: Chief Minister Punjab Maryam Nawaz has sought a plan for the promotion of investment in Punjab. The CM also...

Published 16 Mar, 2024 06:26am

PM launches spring tree plantation drive

ISLAMABAD: Prime Minister Shehbaz Sharif appealed to the nation to participate in tree plantation drive for the...

Published 16 Mar, 2024 06:26am

Alizey Khan wins Diana Legacy Award

ISLAMABAD: Alizey Khan, the daughter-in-law of Chairperson Benazir Income Support Programme (BISP) Dr Amjad Saqib, ...

Published 16 Mar, 2024 06:26am

Met Office forecasts warm & dry weather

KARACHI: The city’s weather is scaling up during the holy Ramazan, as the Met Office on Friday forecast dry...

Published 16 Mar, 2024 06:26am

The Weather

KARACHI: The weather report on Friday (March 15, 2024) and the forecast for Saturday (March 16, 2024)...

Published 16 Mar, 2024 06:26am

PM, his key Cabinet colleagues visit GHQ

RAWALPINDI: The Prime Minister Shahbaz Sharif, accompanied by key members of the Cabinet, visited the General...

Published 16 Mar, 2024 06:26am

Speakers term domestic violence as major form of marginalization of women

HYDERABAD: Speakers at a seminar have said that one of the major forms of marginalization of women was domestic...

Published 16 Mar, 2024 06:26am

PAD establishes 51 fair price shops across Punjab

LAHORE: The Punjab Agriculture Department (PAD) has established 51 fair price shops across the province where 13...

Published 16 Mar, 2024 06:26am

Minorities’ minister meets Bishops

LAHORE: The provincial minister for Minorities Ramesh Singh Arora met with Bishops in his camp office, here on ...

Published 16 Mar, 2024 06:26am

Companies

‘Fly Jinnah’ to expand services between Lahore and Sharjah

LAHORE: Fly Jinnah, a local airline, announced on Friday to expand its services between Lahore and Sharjah, the...

Published 16 Mar, 2024 06:26am

Islamophobia: Experts for informed dialogue, proactive steps

ISLAMABAD: Speakers at a roundtable discussion emphasised the importance of global solidarity, informed dialogue, ...

Published 16 Mar, 2024 06:26am

7th Population & Housing Census-2023: Data collected strategic resource for Data-Driven Policy Making: Ahsan

ISLAMABAD: The data collected through 7th Population and Housing Census-2023 is a strategic resource for Data-Driven...

Published 16 Mar, 2024 06:26am

Anti-Islamophobia Day being observed due to efforts of IK

ISLAMABAD: Speakers at a seminar â€œAnti-Islamophobia Day paid glowing tributes to the unlawfully incarcerated...

Published 16 Mar, 2024 06:26am

DRAP recalls drug

ISLAMABAD: The Drug Regulatory Authority Pakistan (DRAP) has recalled drug product; Barpon 100mg/5mL Suspension ...

Published 16 Mar, 2024 06:26am

Rules, Ordinance about prohibited bore weapons: SC asks interior ministry to file a concise statement

ISLAMABAD: The Ministry of Interior is directed to file a concise statement about whether the Pakistan Arms Rules,...

Published 16 Mar, 2024 06:26am

No detention order issued against Swati, LHC told

LAHORE: The Lahore High Court was told on Friday that no detention order had been issued against Pakistan...

Published 16 Mar, 2024 06:26am

IHC directs trial court to hear Toor’s bail plea

ISLAMABAD: The Islamabad High Court (IHC), on Friday, directed the trial court to hear journalist Asad Ali Toor’s...

Published 16 Mar, 2024 06:26am

UAE foreign minister, Dar speak over the phone

ISLAMABAD: Foreign Minister of the United Arab Emirates (UAE) Sheikh Abdullah bin Zayed Al Nahyan telephoned Foreign...

Published 16 Mar, 2024 06:26am

AC adjourns hearing of acquittal pleas of Nawaz’s sons

ISLAMABAD: An Accountability Court, on Friday, adjourned hearing of acquittal pleas of Hassan Nawaz and Hussain...

Published 16 Mar, 2024 06:26am

PTI says will keep the fight alive in parliament, on streets

ISLAMABAD: Pakistan Tehreek-e-Insaf PTI) on Friday categorically said that the party would opt for...

Published 16 Mar, 2024 06:26am

Ravi Bridge expansion project: LDA completed 60pc work, DG told

LAHORE: The Lahore Development Authority (LDA) has completed 60 per cent of the Ravi Bridge expansion project....

Published 16 Mar, 2024 06:26am

Punjab CM to launch air ambulance service in province soon

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif said on Friday that an air ambulance service will be launched soon...

Published 16 Mar, 2024 06:26am

LHC disposes of Imran Riaz’s petition

LAHORE: The Lahore High Court on Friday disposed of a petition of Imran Riaz Khan seeking details of cases ...

Published 16 Mar, 2024 06:26am

PARTLY FACETIOUS: The art of borrowing

“Can you lend me a hundred thousand rupees?” “Don’t have it, sorry. Just tighten your belt…” “Hey ...

Published 16 Mar, 2024 06:26am

CPEC turnaround: how realistic is goal?

President Xi Jinping of China in a congratulatory message to Prime Minister Shehbaz Sharif stressed that “China ...

Published 16 Mar, 2024 06:26am

Stigma and mental health problems in a Pakistani context

In western countries it is quite normal for people to visit a psychiatrist. The topic itself creates images of a...

Published 16 Mar, 2024 06:26am

Letters

CPEC under the renewed govt focus

It is heartening to note that there are strong indications that clearly suggest that the China Pakistan Economic...

Published 16 Mar, 2024 06:26am

Stocks

Listed securities: PSX for bringing CGT rates in line with CGT rates on sale of immovable property

KARACHI: Pakistan Stock Exchange (PSX) has proposed that Capital Gain Tax (CGT) rates on listed securities be ...

Published 16 Mar, 2024 06:26am

The real economic performance of interim govt

As the new government takes the reins, we are well placed to examine the efforts and output of the interim ...

Published 16 Mar, 2024 06:26am

Stocks

Wall St slides as inflation woes dampen rate-cut bets

NEW YORK: Wall Street’s main stock indexes fell on Friday, with the tech-heavy Nasdaq leading losses on worries...

Published 16 Mar, 2024 06:26am

Stocks

European stocks falter on US rate jitters

PARIS: European shares dipped on Friday as risk sentiment remained subdued due to mounting concerns the Federal...

Published 16 Mar, 2024 06:26am

Stocks

HK stocks fall, China up after cenbank leaves key rate unchanged

SHANGHAI: Hong Kong shares declined while China stocks edged up on Friday after China’s central bank left a key...

Published 16 Mar, 2024 06:26am

Stocks

Nikkei slips as techs track US peers lower

TOKYO: Japan’s Nikkei share average dipped on Friday, as heavyweight technology shares tracked their US peers ...

Published 16 Mar, 2024 06:26am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (March 15, 2024). ========================== KIBOR...

Published 16 Mar, 2024 06:26am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (March 15, 2024). ==================================== BR...

Published 16 Mar, 2024 06:26am

US envoy, PM discuss private sector-led growth

United States Ambassador to Pakistan Donald Blome expresses US support for Pakistan’s democracy and the key role of an independent press

Updated 16 Mar, 2024 03:07pm

PM directs Ministry to explore possibility of Panda Bonds

Directions issued to shore up depleting foreign exchange reserves

Updated 16 Mar, 2024 10:14pm

Talks with IMF going on positively: Tarar

ISLAMABAD: Federal Minister for Information and Broadcasting, Ataullah Tarar on Friday said talks with the IMF are...

Updated 16 Mar, 2024 09:09am

Important reform priorities of govt: Aurangzeb speaks to EU ambassador

ISLAMABAD: The Ambassador of the European Union to Pakistan, Dr Riina Kionka, called on Federal Minister for Finance...

Updated 16 Mar, 2024 03:07pm

Extending lifespan of 7 ordinances: Legislating in a hurry?

ISLAMABAD: Amid strong protests by Pakistan Tehreek-e-Insaf-backed (PTI)-backed Sunni Ittehad Council (SIC)...

Updated 16 Mar, 2024 09:11am

RfPs of RE projects sans benchmark tariff: Nepra allows KEL to conduct bidding

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has allowed K-Electric Limited (KEL) to conduct...

Updated 16 Mar, 2024 09:53am

Two power plants: PD shares with PC issues hindering sell-off process

ISLAMABAD: The Power Division has reportedly shared issues with Privatisation Commission (PC) that are hindering...

Updated 16 Mar, 2024 03:07pm

Nepra approves multi-year tariffs for three Discos

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved Multi-Year Tariffs (MYTs) for five...

Updated 16 Mar, 2024 03:08pm

Airports’ outsourcing: Bid submission timeline extended till May 15th

ISLAMABAD: The meeting of the Steering Committee on Outsourcing of Islamabad, Karachi, and Lahore Airports decided...

Updated 16 Mar, 2024 09:43am

No IAEA delegation visiting Pakistan: FO

ISLAMABAD: The Foreign Office on Friday rejected the media reports as fake which claimed that a delegation of the...

Updated 16 Mar, 2024 09:42am

Rates

Equities shed gains

KARACHI: Pakistan Stock Exchange on Friday witnessed a bearish trend and closed in negative zone as the investors...

Published 16 Mar, 2024 06:26am

US rejects PTI’s allegations against Lu

WASHINGTON: The United States of America once again rejected the allegations levelled by Pakistan Tehreek-e-Insaf...

Published 16 Mar, 2024 06:26am

FBR’s applications rejected: IHC asserts its jurisdiction

ISLAMABAD: The Islamabad High Court (IHC) rejecting the applications of the Federal Board of Revenue (FBR) ruled...

Updated 16 Mar, 2024 03:06pm

Energy

FESCO utilising resources to provide timely services to consumers: chairman

FAISALABAD: Chairman Faisalabad Electric Supply Company (FESCO) Board of Directors (BODs) Malik Tahsin Awan has said...

Published 16 Mar, 2024 06:26am

Handing over Discos to provinces

EDITORIAL: The new government is inclined towards provincialization of power distribution companies (Discos) whereas...

Published 16 Mar, 2024 06:26am

Bad news for illegal migrants

EDITORIAL: That 2023 was the “deadliest year in a decade” for migrants, most of them fleeing their homes in...

Published 16 Mar, 2024 06:26am

Tragic loss of life

EDITORIAL: A horrific gas cylinder explosion in Multan claimed nine lives in the early hours of Tuesday morning....

Published 16 Mar, 2024 06:26am

Commodities

Gold, silver prices steady

KARACHI: Gold and silver prices on Friday remained steady on the local market, traders said. Gold was traded...

Published 16 Mar, 2024 06:26am

Sales Tax Rules 2006: KCCI urges FBR to revisit recent amendments

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while referring to ...

Published 16 Mar, 2024 06:26am

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 16 Mar, 2024 06:26am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on ...

Published 16 Mar, 2024 06:26am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (March 15, 2024). ======================== Open Bid Rs...

Published 16 Mar, 2024 06:26am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (March 15, 2024)....

Published 16 Mar, 2024 06:26am

EU pumps money into explosives in push to up shell production

BRUSSELS: The EU on Friday announced hundreds of millions of euros to boost the production of explosives as it ...

Published 16 Mar, 2024 06:26am

SPI up by 1.35pc WoW

ISLAMABAD: The Sensitive Price Index (SPI) for the week ended on March 14, 2024, increased by 1.35 percent mainly ...

Published 16 Mar, 2024 06:26am

Jul-Jan LSM sector attains negative growth YoY

ISLAMABAD: The overall Large Scale Manufacturing (LSM) sector has shown a growth of -0.52 percent during the first...

Published 16 Mar, 2024 06:26am

Petrol’s price remains unchanged

ISLAMABAD: Federal government on Friday announced to keep the ex-depot price of petrol unchanged, and Rs 1.77 per...

Updated 16 Mar, 2024 05:11pm

Jul-Feb textile group exports down 0.65pc to $11.145bn YoY

ISLAMABAD: The country’s textile group exports declined by around 0.65percent during the first eight months...

Published 16 Mar, 2024 06:26am

Additional recovery: PPL seeks revision in prices of gas from Kandhkot field

ISLAMABAD: Pakistan Petroleum Limited (PPL) has sought revision in gas prices for additional recovery of 100 BCF gas...

Published 16 Mar, 2024 06:26am

CDWP approves Rs7.87bn uplift projects

ISLAMABAD: The Central Development Working Party (CDWP) has approved two development projects with a cost of Rs7.87...

Published 16 Mar, 2024 06:26am

Apple reaches $490m settlement over China comments

NEW YORK: Apple has reached an out-of-court settlement to pay $490 million to shareholders who accused the iPhone...

Published 16 Mar, 2024 06:26am

PD claims: ‘No meeting on 2nd, final review of SBA held with IMF team’

ISLAMABAD: Power Division claimed that they held no meeting with the visiting team of International Monetary Fund...

Published 16 Mar, 2024 06:26am

Stakeholders’ group demands revival of PSMC

ISLAMABAD: Pakistan Steel Mills Corporation (PSMC) Stakeholders’ Group which consists of employees, contractors,...

Published 16 Mar, 2024 06:26am

Taxes

Digitalisation of tax system: PSMA for QR Code printed polypropylene bags

ISLAMABAD: The new government needs to replace printed paper stamps for the sugar industry under the Track and Trace...

Published 16 Mar, 2024 06:26am

Money & Banking

BankIslami announces completion of IPO, listing of BankIslami Ehad Sukuk II

KARACHI: BankIslami has announced the successful completion of the Initial Public Offering (IPO) and the listing of...

Published 16 Mar, 2024 06:26am

Taxes

Despite existence of ADTT, LTO orders deduction of tax against offshore co

LAHORE: The Large Tax Office (LTO) has gotten egg on face by deducting tax against an offshore company in presence ...

Published 16 Mar, 2024 06:26am

Punjab to unveil budget for next 3 months on 18th

LAHORE: Finance Minister of Punjab, Mujtaba Shuja-ur-Rehman, revealed on Friday that the Punjab government is set to...

Published 16 Mar, 2024 06:26am

Prevention of fraudulent filing of statutory returns: SECP to introduce major changes in companies’ regulations

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to introduce major changes in...

Published 16 Mar, 2024 06:26am

Petroleum group: Jul-Feb imports show 10.93pc negative growth YoY

ISLAMABAD: Petroleum group imports witnessed a negative growth of 10.93 per cent during the first eight months...

Published 16 Mar, 2024 06:26am

Karachi Gateway Terminal to invest $75m in first two years

ISLAMABAD: Karachi Gateway Terminal Limited (KGTL) aims to invest USD 75 million in the first two years, including...

Published 16 Mar, 2024 06:26am

Money & Banking

Bank Alfalah opens flagship Islamic Premier Branch

KARACHI: Bank Alfalah inaugurated its flagship Islamic Premier branch, located on the ground floor of Dolmen Sky...

Published 16 Mar, 2024 06:26am

Taxes

FBR notice issued within 6 years: ‘Taxpayer bound to maintain tax record till...’

ISLAMABAD: Federal Tax Ombudsman (FTO) Friday declared that once Federal Board of Revenue’s (FBR) notice is issued...

Published 16 Mar, 2024 06:26am

Taxes

Digitalization of tax system: FBR cuts deal with Karandaaz

ISLAMABAD: The Federal Board of Revenue (FBR) has entered into an agreement with Karandaaz Pakistan for the...

Published 16 Mar, 2024 06:26am

Engro Fertilizers engages dealers for urea price enforcement

LAHORE: In a bid to support the government’s efforts to ensure urea availability at official prices, Engro...

Published 16 Mar, 2024 06:26am

Money & Banking

US dollar set for best weekly gain

NEW YORK: The dollar rose to a more than one-week high on Friday after a mixed batch of data showed the US economy...

Published 16 Mar, 2024 06:26am

Money & Banking

China’s yuan holds steady

SHANGHAI: The yuan held steady against the US dollar on Friday after China’s central bank left a key policy rate...

Published 16 Mar, 2024 06:26am

Money & Banking

Asian currencies roasted by hot US inflation data

BENGALURU: Most Asian currencies and stocks sold off on Friday, with equities in the Philippines set for their...

Published 16 Mar, 2024 06:26am

Money & Banking

Zindigi drives digital evolution with Raast P2M

KARACHI: Following the State Bank of Pakistan’s strategic vision toward digitalisation of financial system, Zindigi...

Updated 16 Mar, 2024 04:53pm

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 8	278.28
USD PKR Interbank Buying / May 8	278.03
USD to Japanese Yen / May 8	155.51
USD to Swiss Franc / May 8	0.91
Pound Sterling to USD / May 8	1.25
Euro to USD / May 8	1.07

Stock	Volume
S&P 500 / May 8	5187.67
India Sensex / May 8	73466.39
Tokyo Nikkei / May 8	38202.37
Nasdaq / May 8	16302.76
Hang Seng / May 8	18313.86
FTSE 100 / May 8	8354.05
Dow Jones / May 8	39056.39
Germany DAX 30 / May 8	18498.38

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	19935
Crude Oil USD/Barrel / May 8	78.99
Gold 10 Grams PKR / May 8	205075
Gold Spot USD/Ounce / May 8	2308.85
Cotton US¢/pound / May 8	80.06
Petrol/Litre / May 9	288.49

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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