News Archives for Print - 2024-03-23

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Print - 2024-03-23

Global warming to raise food prices, inflation: study

PARIS: Global warming and heatwaves are expected to further increase food prices and overall inflation across the...

Published 23 Mar, 2024 05:41am

It’s time to reflect

As the country commemorates the Resolution Day today, it is important to reflect on the ideals that were envisioned...

Updated 23 Mar, 2024 05:14pm

Pakistan Resolution: historical context

March Twenty-Third is a momentous date in Pakistan’s political history. It was on this date in 1940 that the...

Updated 23 Mar, 2024 05:15pm

Punjab assembly turns into a fish market

LAHORE: The Punjab Assembly on Friday turned in to fish market as tensions flared during proceedings. Rashida Lodhi,...

Published 23 Mar, 2024 05:41am

World Water Day: Public cautioned about dangers of unfit tap water

KARACHI: The World Water Day seminar on Friday cautioned the public about health perils from the unfit tap water...

Published 23 Mar, 2024 05:41am

Efforts and services of HRUF and SFA Library lauded

KARACHI: Human Rights Unity Foundation (HRUF) of Pakistan and Sobho Faqeer Abro (SFA) Library at Autobahn Hyderabad...

Published 23 Mar, 2024 05:41am

Pakistan condemns attack on Moscow concert hall

ISLAMABAD: Pakistan strongly condemned the horrendous attack carried out at a concert hall in Moscow in which dozens...

Published 23 Mar, 2024 05:41am

Zulfi Bokhari’s appeal dismissed

LAHORE: An appellate tribunal dismissed an appeal of Zulfi Bokhari of PTI against rejection of his nomination papers...

Published 23 Mar, 2024 05:41am

Wapda chief marks World Water Day by implementing eight mega projects

LAHORE: Chairman Wapda Engr Lt Gen Sajjad Ghani (Retd) has marked the World Water Day by highlighting that Wapda is...

Published 23 Mar, 2024 05:41am

Punjab contemplating ‘Kissan Dost Credit Card’ Scheme for farmers

LAHORE: The Punjab government is contemplating to launch ‘Kissan Dost Credit Card’ scheme for providing easy...

Published 23 Mar, 2024 05:41am

PCB to pick PSL-9 best players for training camp

LAHORE: Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi has said that talented players who showed performance in...

Published 23 Mar, 2024 05:41am

Officials urged to speed up work on providing municipal services

LAHORE: Punjab Local Governments Minister Zeeshan Rafique has directed the officials concerned to speed up the work...

Published 23 Mar, 2024 05:41am

Span of lifetime disqualification: LHC dismisses petitions against parliament’s decision

LAHORE: The Lahore High Court (LHC) on Friday dismissed the petitions against the decision of parliament decreasing...

Published 23 Mar, 2024 05:41am

LHC accepts PTI’s appeal of Sanam Javed

LAHORE: An appellate tribunal of the Lahore High Court (LHC) on Friday accepted the appeal of PTI worker Sanam Javed...

Published 23 Mar, 2024 05:41am

LCCI, Al Khidmat Foundation arrange seminar on issue of clean water

LAHORE: The Lahore Chamber of Commerce and Industry, in collaboration with Al Khidmat Foundation, spearheaded a...

Published 23 Mar, 2024 05:41am

ISSI hosts round table discussion with US envoy Blome

ISLAMABAD: The Centre for Strategic Perspectives (CSP) at the Institute of Strategic Studies Islamabad (ISSI) hosted...

Published 23 Mar, 2024 05:41am

Health activists support IMF’s tax policy recommendations on revamping tobacco taxation

ISLAMABAD: Health activists Friday strongly supported International Monetary Fund’s (IMF) tax policy...

Published 23 Mar, 2024 05:41am

Price control programme being successfully implemented

LAHORE: Provincial Minister for Information Azma Bokhari has said that the price control programme is being...

Published 23 Mar, 2024 05:41am

‘Fake TikToker of Punjab’ busy with photo shoots: PTI

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Punjab Information Secretary Shaukat Mehmood Basra has castigated Punjab ...

Published 23 Mar, 2024 05:41am

GCU Board of Trustees approves name of Iqbal Ahmed as member

LAHORE: The Board of Trustees of the Government College University (GCU) has unanimously approved the name of Iqbal ...

Published 23 Mar, 2024 05:41am

Experts underscore importance of saline land, water management

HYDERABAD: The agriculture and water experts and scholars have highlighted that more than 6 million acres of land...

Published 23 Mar, 2024 05:41am

DG SFA pledges to ensure safe, healthy food supply across province

KARACHI: Sindh Food Authority (SFA) Director General Agha Fakhar Hussain reiterated his commitment to ensure safe ...

Published 23 Mar, 2024 05:41am

Aurangzeb apprises UK High Commissioner about conclusion of IMF review

ISLAMABAD: British High Commissioner to Pakistan Jane Marriott called on Minister for Finance and Revenue Muhammad...

Published 23 Mar, 2024 05:41am

Qureshi: court issues production orders

ISLAMABAD: A local court, on Friday, issued production orders for Pakistan Tehreek-e-Insaf (PTI) leader Shah Mahmood...

Published 23 Mar, 2024 05:41am

Gandapur granted interim bail

ISLAMABAD: The Anti-Terrorism Court (ATC), on Friday, granted interim bail to Khyber Pakhtunkhwa Chief Minister Ali...

Published 23 Mar, 2024 05:41am

German envoy, Aurangzeb discuss matters of mutual interest

ISLAMABAD: Ambassador of Germany to Pakistan, Alfred Grannas, called on Federal Minister for Finance and Revenue...

Published 23 Mar, 2024 05:41am

Alleged mastermind behind illegal import of betel nuts held

KARACHI: The Directorate of Intelligence and Investigation–Customs, FBR has arrested the alleged mastermind behind...

Published 23 Mar, 2024 05:41am

The Weather

KARACHI: The weather report on Friday (March 22, 2024) and the forecast for Saturday (March 23, 2024)...

Published 23 Mar, 2024 05:41am

Rates

Bearish trend continues on PSX

KARACHI: Bearish trend continued on Pakistan Stock Exchange on Friday as the investors remained cautious and opted ...

Published 23 Mar, 2024 05:41am

Pakistan Day today

LAHORE: All is set to mark the Pakistan Day, with a resolve to work hard for the country’s progress and stability...

Published 23 Mar, 2024 05:41am

Justice Shaukat Siddiqui’s sacking: SC sets aside notification

ISLAMABAD: The Supreme Court set aside the Supreme Judicial Council (SJC)’s opinion and the notification to remove...

Published 23 Mar, 2024 05:41am

Revenue courts/tribunals: ‘SHC CJ is the monitoring, inspecting judge’

ISLAMABAD: The Sindh High Court (SHC) Registrar Office has informed that the SHC Chief Justice is the monitoring and...

Published 23 Mar, 2024 05:41am

Two glaciers slide down: Advisor directs authorities to conduct rescue operation

PESHAWAR: Advisor to Chief Minister Khyber Pakhtunkhwa on Tourism and Culture, Zahid Chanzeb has expressed his grief...

Published 23 Mar, 2024 05:41am

Blome calls on Petroleum Division minister

ISLAMABAD: Ambassador of the United States of America Donald Blome informed the Minister for Petroleum Division that...

Published 23 Mar, 2024 05:41am

Resumption of PIA flights: UK says working closely with govt at technical level

ISLAMABAD: The United Kingdom says that it is working closely with Pakistan at the technical level to support the...

Published 23 Mar, 2024 05:41am

President approves remission for prisoners

ISLAMABAD: President Asif Ali Zardari on Friday approved a remission for the prisoners on the occasion of Pakistan...

Published 23 Mar, 2024 05:41am

Senate elections: PPP leader accuses KP govt of violating constitution

ISLAMABAD: Pakistan People’s Party (PPP) said that the Senate elections are going to be held on April 2, and the...

Published 23 Mar, 2024 05:41am

PM approves reconstituted CCoP with Dar as its chairman

ISLAMABAD: Prime Minister Shehbaz Sharif has approved the reconstituted Cabinet Committee on Privatisation (CCoP)...

Updated 23 Mar, 2024 04:51pm

By-polls to vacant seats: ECP announces deadline for postal ballot facility

ISLAMABAD: The election organisation has asked the government personnel and their immediate family members, who...

Published 23 Mar, 2024 05:41am

By-polls in Punjab: Defeated PML-N leaders have not filed nomination papers

LAHORE: Four senior leaders of the Pakistan Muslim League-Nawaz (PML-N), who had lost their seats in the general...

Published 23 Mar, 2024 05:41am

Letters

CPEC under renewed Pakistan-China focus

It is heartening to note that Pakistan and China have agreed to expedite the second phase of the China Pakistan...

Published 23 Mar, 2024 05:41am

PARTLY FACETIOUS: Dar’s suits and his ties

“One can learn lessons from one’s predecessors.” “Agreed. Prime Minister Shehbaz Sharif (SS) invited the...

Published 23 Mar, 2024 05:41am

Rates

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Thursday (MARCH 21, 2024) =========================== 6/S-7/S (COTTON)...

Published 23 Mar, 2024 05:41am

Cotton & Textile

Cotton market: Mills sideline due to lack of buying interest

LAHORE: The local cotton market on Friday remained sluggish and the trading volume remained low. Cotton Analyst...

Published 23 Mar, 2024 05:41am

It’s IMF way or the highway?

Announcing the staff-level agreement on the successful completion of the 23rd short-term facility, the IMF...

Published 23 Mar, 2024 05:41am

Wildlife in Karachi

Not many people know that in the early days of Pakistan when the lion roared in the Karachi Zoo the roar could be...

Published 23 Mar, 2024 05:41am

Stocks

Dow, S&P 500 slip, but still set for this year’s best week

NEW YORK: The blue-chip Dow and the benchmark S&P 500 eased on Friday, but they remained on track for strong...

Published 23 Mar, 2024 05:41am

Stocks

European shares notch ninth straight week of gains

PARIS: European shares paused near record highs on Friday with British, German and Italian stocks outperforming...

Published 23 Mar, 2024 05:41am

Stocks

China stocks fall on weaker yuan, outflows

SHANGHAI: Chinese stocks closed lower on Friday and the yuan fell to four-month lows, dragging down markets in Asia...

Published 23 Mar, 2024 05:41am

Stocks

UAE markets gain on possibility of Gaza ceasefire

DUBAI: Stock exchanges in the United Arab Emirates closed higher on Friday on the possibility of nearing Gaza...

Published 23 Mar, 2024 05:41am

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 23 Mar, 2024 05:41am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (March 22, 2024). ========================== KIBOR...

Published 23 Mar, 2024 05:41am

Forex

Open market rates of foreign currencies

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

Published 23 Mar, 2024 05:41am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (March 22, 2024). ======================== Open Bid Rs...

Published 23 Mar, 2024 05:41am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (March 22, 2024)....

Published 23 Mar, 2024 05:41am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (March 22, 2024). ==================================== BR...

Published 23 Mar, 2024 05:41am

IMF, govt to hold talks on EFF next month: minister

Finance minister says they have expressed strong interests in an Extended Fund Facility with the IMF, but the quantum is not clear yet,Aurangzeb

Updated 23 Mar, 2024 09:20pm

Privatisation of Discos, various IPPs projects under study

ISLAMABAD: Federal Minister for Privatisation and Board of Investment Abdul Aleem Khan and Federal Minister for...

Updated 23 Mar, 2024 09:18pm

Pakistan, China agree to expedite CPEC Phase-2

ISLAMABAD: Pakistan and China agreed to expedite phase-2 of the China-Pakistan Economic Corridor (CPEC), while...

Updated 23 Mar, 2024 09:18pm

PM forms CCoSOEs with finance minister in chair

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted the Cabinet Committee on State-Owned Enterprises (CCoSOEs)...

Updated 23 Mar, 2024 09:18pm

PM takes charge of ECC, CCoE

ISLAMABAD: Prime Minister Shehbaz Sharif has decided to keep two important decision-making committees – the Economic...

Updated 23 Mar, 2024 02:56pm

SLA: IMF waiting for release of March data?

ISLAMABAD: The International Monetary Fund (IMF) may be waiting for the release of March 2024 macroeconomic data...

Updated 23 Mar, 2024 09:18pm

ADB speaks of ‘major economic challenges’

ISLAMABAD: The devastating floods in 2022, the impact of the Covid-19 pandemic, security issues, structural risks,...

Published 23 Mar, 2024 05:41am

Forex dealers, ECs, others: e-integration with FBR made mandatory

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for foreign exchange dealers/exchange companies,...

Updated 23 Mar, 2024 02:52pm

MoC asked to expedite Pak-Turkmenistan TTA

ISLAMABAD: Economic Affairs Division (EAD) has asked Ministry of Commerce (MoC) to expedite signing of Transit Trade...

Published 23 Mar, 2024 05:41am

Livestock, sugar, other commodities: Ban on export proposed by Jam

ISLAMABAD: Minister for Commerce, Jam Kamal has proposed imposition of complete ban on export of livestock, sugar,...

Updated 23 Mar, 2024 10:11am

Money & Banking

SBP will remain closed today

KARACHI: The State Bank of Pakistan (SBP) will remain closed on March 23, 2024 (Saturday) being public holiday on ...

Published 23 Mar, 2024 05:41am

SC seeks reports on ‘conversion’ of agri land

ISLAMABAD: The Supreme Court issued notices to the federal government, and all the provinces and the Islamabad...

Updated 23 Mar, 2024 10:12am

ABL Exchange Co: SBP grants operational licence

KARACHI: The State Bank of Pakistan (SBP) has issued “Licence for commencement of operations” to ABL Exchange...

Published 23 Mar, 2024 05:41am

Tax system digitalisation: PTBA says concerned at certain provisions of new SRO

KARACHI: The Pakistan Tax Bar Association (PTBA) has raised concerns over certain provisions of the recently issued...

Updated 23 Mar, 2024 09:00am

Exchange company setup: SBP conveys ‘no objection’ to BOP

KARACHI: The State Bank of Pakistan (SBP) has conveyed its “No Objection” to The Bank of Punjab for establishing...

Published 23 Mar, 2024 05:41am

Chinese investment: cabinet panel notified

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted the Cabinet Committee on Chinese Investment Projects...

Updated 23 Mar, 2024 02:54pm

First Nuclear Energy Summit in Brussels: Pakistan calls for enhanced global cooperation to ensure energy security

ISLAMABAD: Pakistan has called for enhanced international cooperation, including technical assistance and provision...

Published 23 Mar, 2024 05:41am

PRGMEA opposes relocation of ‘TEXPO 2024’ to Karachi

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has voiced its opposition ...

Published 23 Mar, 2024 05:41am

Undertaking in MoA against subscribed shares: SECP specifies terms for payment of subscription money

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has specified time, manner, and conditions for...

Published 23 Mar, 2024 05:41am

Weekly SPI down 1.13pc

ISLAMABAD: The Sensitive Price Index (SPI) for the week ended March 21, 2024, declined by 1.13 per cent due to a...

Published 23 Mar, 2024 05:41am

SECP allows brokers to offer complete Shariah-compliant brokerage services

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to allow securities brokers to ...

Published 23 Mar, 2024 05:41am

Commodities

Minister orders strict monitoring of prices of essential commodities

HYDERABAD: The Sindh minister for Irrigation and food Jam Khan Shoro said that all the officers of concerned...

Published 23 Mar, 2024 05:41am

Importance of Pak-Afghan private sector collaboration underscored

KARACHI: Leadership of the United Business Group (UBG), S M Tanveer, Zubair Tufail, Khalid Tawab, Hanif Gohar, ...

Published 23 Mar, 2024 05:41am

Barrick Gold delegation calls on PM: ‘Reko Diq project’s feasibility to be completed this year’

ISLAMABAD: A delegation of Barrick Gold Company led by Chief Executive Officer Mark Bristow was called Prime ...

Published 23 Mar, 2024 05:41am

Commodities

Gold, silver decline

KARACHI: The local gold market on Friday saw a slump with silver falling slightly, following the global bullion...

Published 23 Mar, 2024 05:41am

‘Draft policy to be made on production of Liquid Gas from Thar coal’

KARACHI: Sindh Minister of Energy, Development and Planning Syed Nasir Hussain Shah decided that a provincial level...

Published 23 Mar, 2024 05:41am

Boards of Discos: Power Division fails to discourage ‘conflict of interest’

ISLAMABAD: The Power Division has reportedly failed to discourage ‘conflict of interest’ in Boards of power...

Updated 23 Mar, 2024 05:15pm

Two lending agreements on hydropower projects signed with SFD

ISLAMABAD: The government of Pakistan and Saudi Fund for Development (SFD) signed two loan agreements amounting 107...

Published 23 Mar, 2024 05:41am

Climate change and rural income disparities

EDITORIAL: As developments in recent decades have shown, climate change is not just an environmental issue; it is...

Published 23 Mar, 2024 05:41am

Now Gwadar

EDITORIAL: The hit inside Afghanistan may have given TTP (Tehreek-e-Taliban Pakistan) and the masters of their...

Published 23 Mar, 2024 05:41am

Unsafe coalmines

EDITORIAL: A methane gas explosion at a coalmine in Hernai district of Balochistan claimed 12 lives on Tuesday. Ten...

Published 23 Mar, 2024 05:41am

Industry

SCCI to highlight the issue of unemployment facing KP

PESHAWAR: Preparations for organizing a business conference theme: “Watan Kay Maimar – Tajir Aur Sanatkar”...

Published 23 Mar, 2024 05:41am

Money & Banking

Operational licence granted to AL Habib Exchange

KARACHI: The State Bank of Pakistan (SBP) has issued licence for commencement of operations to AL Habib Exchange...

Published 23 Mar, 2024 05:41am

Taxes

KP depts pledge strict compliance with ST Regulations

PESHAWAR: Secretaries of Communication and Works Department and Energy and Power Department announced to ensure...

Published 23 Mar, 2024 05:41am

Money & Banking

IsDB’s Country Engagement Framework Document 2023-25 exchanged

ISLAMABAD: The government of Pakistan and the Islamic Development Bank (IsDB) exchanged the IsDB’s Country...

Published 23 Mar, 2024 05:41am

Money & Banking

Dollar set for weekly rise

NEW YORK: The dollar headed for a second week of gains on Friday, with a slight rate hike in Japan unable to halt ...

Published 23 Mar, 2024 05:41am

Money & Banking

China yuan falls to four-month low

SHANGHAI: China’s yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and...

Published 23 Mar, 2024 05:41am

Money & Banking

Indian rupee hits record low

MUMBAI: The Indian rupee fell to a record low against the US dollar on Friday pressured by a drop in the offshore...

Published 23 Mar, 2024 05:41am

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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