News Archives for Print - 2024-04-01

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Print - 2024-04-01

Erdogan’s rival leads in Istanbul in high-stakes Turkiye vote

ISTANBUL: Istanbul Mayor Ekrem Imamoglu led a challenger from President Tayyip Erdogan’s AK Party in local...

Published 01 Apr, 2024 05:34am

The Weather

KARACHI: The weather report on Sunday (March 31, 2024) and the forecast for Monday (April 01, 2024)....

Published 01 Apr, 2024 05:34am

KPT holds free medical camp

KARACHI: The 24th free medical camp was held at Salehabad Island by KPT Hospital. It marked a significant milestone...

Published 01 Apr, 2024 05:34am

Taxes

Restaurants, wedding halls: KP to charge fixed amount of ST on services: advisor

PESHAWAR: The Khyber Pakhtunkhwa government will charge a fixed amount of sales tax on services from restaurants and...

Published 01 Apr, 2024 05:34am

Taxes

Tax defaulting vehicles: E&T Dept decides to take strict action

LAHORE: The Excise and Taxation Department has decided to take strict action against tax defaulting vehicles,...

Published 01 Apr, 2024 05:34am

43 kanals of state land retrieved

LAHORE: A total of 43 kanal state lands have been retrieved from illegal occupants in various districts of the...

Published 01 Apr, 2024 05:34am

More than 7m children administered polio vaccine in 7 Punjab districts

LAHORE: Head of the polio programme in Punjab and Emergency Operations Centre (EOC) Coordinator Khizer Afzaal has...

Published 01 Apr, 2024 05:34am

Pope Francis pleads for peace in Easter message

VATICAN CITY: Pope Francis urged the world to resist “the logic of weapons” in his Easter message at the Vatican...

Published 01 Apr, 2024 05:34am

Asia

Philippines boosts maritime security as China tension rises

MANILA: Philippine President Ferdinand Marcos Jr has ordered his government to strengthen its coordination on...

Published 01 Apr, 2024 05:34am

Russia conducts ‘counter-terrorism operation’ in Dagestan

MOSCOW: Russia has conducted a “counter-terrorism operation” in the southern region of Dagestan on Sunday,...

Published 01 Apr, 2024 05:34am

Middle East

Fighting rages across Gaza amid revival of truce talks

CAIRO: Israeli strikes killed 77 Palestinians in Gaza in the past 24 hours, health authorities said on Sunday, as...

Published 01 Apr, 2024 05:34am

South Asia

India opposition unites over pre-election arrest, blames PM Modi

NEW DELHI: Indian opposition parties united on Sunday to protest against the arrest of a prominent leader weeks...

Published 01 Apr, 2024 05:34am

USA

US-funded Radio Free Asia shuts Hong Kong bureau

HONG KONG: US-funded Radio Free Asia said on Friday it had closed its Hong Kong bureau citing concerns over staff...

Published 01 Apr, 2024 05:34am

SFA inspects eateries in Baldia Town

KARACHI: A team of Sindh Food Authority (SFA) raided in Baldia Town area of the megacity. The action was taken on ...

Published 01 Apr, 2024 05:34am

Despite price hike, free iftar feeds tens of thousands in Karachi

KARACHI: As the sun begins to fade in holy month of Ramadan, volunteers start fixing traditional delicacies and...

Published 01 Apr, 2024 05:34am

Victory of Aseefa Bhutto Zardari: PTI trying to cause ‘unwarranted’ controversy: PPP leaders

KARACHI: PPP leaders and provincial Ministers have said that PTI was digging its own political grave by attempting ...

Published 01 Apr, 2024 05:34am

‘Significant’ Hezbollah commander killed in airstrike

OCCUPIED JERUSALEM, BEIRUT: The Israeli military said it killed a Hezbollah commander in an airstrike on a vehicle ...

Published 01 Apr, 2024 05:34am

Ultra-Orthodox asked to join military to help economy

OCCUPIED JERUSALEM: The Bank of Israel on Sunday warned of economic damage if more ultra-Orthodox Jewish men do not...

Published 01 Apr, 2024 05:34am

Babar Azam reinstated as skipper of cricket team

LAHORE: Pakistan Cricket Board (PCB) has named batsman Babar Azam as captain of the men’s cricket team for both ...

Published 01 Apr, 2024 05:34am

Ahead of Easter, security for 622 churches across Lahore enhanced: CCPO

LAHORE: Police has implemented top-notch security arrangements for 622 churches across the city on the occasion of...

Published 01 Apr, 2024 05:34am

PCB announces schedule of Women’s One-Day Tournament 2023-24

LAHORE: The Pakistan Cricket Board (PCB) has announced the schedule of National Women’s One-Day Tournament ...

Published 01 Apr, 2024 05:34am

Ashrafi terms SIFC ‘a catalyst’ for economic progress

ISLAMABAD: Pakistan Ulema Council (PUC) Chairman Hafiz Muhammad Tahir Mehmood Ashrafi on Sunday commended the...

Published 01 Apr, 2024 05:34am

PTI leader meets DCM of Chinese embassy

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Shehryar Afridi on Sunday called Deputy Chief of Mission (DCM) of...

Published 01 Apr, 2024 05:34am

Zardari, PM greet Christian community

ISLAMABAD: President Asif Ali Zardari and Prime Minister Shehbaz Sharif felicitated Christian community on the...

Published 01 Apr, 2024 05:34am

Millions of Muslims go into ‘Aitikaaf’

LAHORE: Millions of devout Muslims went into seclusion called ‘Aitikaaf’ after Asr prayer on Sunday. Itikaaf is...

Published 01 Apr, 2024 05:34am

Street crimes in Karachi: IG Sindh forms ‘specialised force’

KARACHI: In response to the recent surge in street crime incidents in Karachi, the Inspector General of Police (IGP)...

Published 01 Apr, 2024 05:34am

Easter: Punjab CM greets members of Christian community

LAHROE: Chief Minister Punjab Maryam Nawaz became the first CM Punjab to visit the Maryamabad Church in 131 years. ...

Published 01 Apr, 2024 05:34am

Sindh: PPP likely to sweep Senate polls amid PTI boycott

KARACHI: Pakistan People’s Party (PPP) is likely to bag 10 Senate seats from Sindh out of the 12 as Pakistan...

Published 01 Apr, 2024 05:34am

10 die in rain-related incidents in KP: PDMA

PESHAWAR: Amid rain and hailstorms in various areas of Khyber Pakhtunkhwa, at least 10 people were killed and 12 ...

Published 01 Apr, 2024 05:34am

‘Govts must complete their tenures for country’s stability’

ISLAMABAD: Parliamentary affairs analyst Dilawar Hussain has said that for political and democratic stability in the...

Published 01 Apr, 2024 05:34am

SCF, YANCEE arrange seminar on climate change awareness for children

HYDERABAD: Climate change is an emerging phenomenon, and the existing curriculum needs to emphasize climate change...

Published 01 Apr, 2024 05:34am

Energy

Reduction in LPG cylinder price notified

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Sunday notified a reduction of Rs 76.09 per 11.8 kg LPG...

Published 01 Apr, 2024 05:34am

Rates

Marginal increase

KARACHI: The rupee increased marginally for the fifth consecutive week as it gained Re0.19 or 0.07% against the US...

Published 01 Apr, 2024 05:34am

FBR activates Tajir Dost App

ISLAMABAD: The Federal Board of Revenue (FBR) has activated the new Tajir Dost module of the Tax Asaan App, which...

Updated 01 Apr, 2024 08:48am

Over 300 lawyers support stance of six IHC judges

ISLAMABAD: In an unprecedented move, more than 300 members of the legal fraternity from across the country have...

Updated 01 Apr, 2024 09:50am

PALSP urges govt to stop steel smuggling during Eid holidays

ISLAMABAD: The Steel industry appeals the govt to take pre-emptive measures to block smuggling of steel from Iran...

Updated 01 Apr, 2024 08:46am

Refund of coercively/illegally recovered amount: Taxpayers are not obliged to follow procedural requirements: IHC

ISLAMABAD: Islamabad High Court (IHC) has declared that the taxpayers are not obliged to follow procedural...

Updated 01 Apr, 2024 09:48am

Rates

Futures spread down 1928bps

KARACHI: The futures spread declined by 1928bps to 11.67 percent on the last day of the outgoing week. Trading...

Published 01 Apr, 2024 05:34am

Rates

Index hits historic highest levels

KARACHI: Pakistan Stock Exchange witnessed bullish trend and the index hit historic highest levels in its history...

Published 01 Apr, 2024 05:34am

Taxes

RTO Rawalpindi surpasses budgetary targets for March, quarterly goals

RAWALPINDI: In a remarkable feat of fiscal management, the Regional Tax Office (RTO), Rawalpindi has surpassed its...

Published 01 Apr, 2024 05:34am

PPP leader underscores need for electoral reforms

LAHORE: General Secretary of the Pakistan Peoples’ Party Central Punjab, Syed Hassan Murtaza, emphasized the need...

Published 01 Apr, 2024 05:34am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday March 31, 2024

Published 01 Apr, 2024 05:34am

Energy

QatarEnergy to charter 19 new LNG vessels expanding fleet further

DOHA: QatarEnergy CEO Saad Al Kaabi announced on Sunday that the company has finalised a number of charter contracts...

Published 01 Apr, 2024 05:34am

Stocks

Britain to follow US move to halve stock settlement time

LONDON: Britain’s stock markets should halve the time it takes to settle a share trade to stay competitive and...

Published 01 Apr, 2024 05:34am

Stocks

Gulf bourses drop; Egypt extends decline

DUBAI: Stock markets in the Gulf fell on Sunday, led by the Saudi index, after the US Federal Reserve Chair Powell...

Published 01 Apr, 2024 05:34am

Stocks

Sri Lankan shares end higher

BENGALURU: Sri Lankan shares closed higher on Wednesday, helped by gains in financials and industrial stocks. The ...

Published 01 Apr, 2024 05:34am

Stocks

Euro zone govt bond yields tick up after Fed’s Waller remarks

PARIS: Euro zone bond yields edged up on Thursday after Federal Reserve Governor Christopher Waller advocated a...

Published 01 Apr, 2024 05:34am

Stocks

Asian markets quiet in holiday-thinned trade

BENGALURU: Stocks and currencies were muted in Asia on the Good Friday holiday, while investors kept to the ...

Published 01 Apr, 2024 05:34am

Stocks

Wall Street Week Ahead: Investors eye Fed rate cut, earnings as key to sustaining market rally

NEW YORK: After a stellar start to the year for stocks, investors are on guard for potential bumps in the second...

Published 01 Apr, 2024 05:34am

Productive use of energy critical to reviving economy

The new government faces the daunting challenge of navigating its complex economic landscape. The country’s foreign...

Updated 01 Apr, 2024 06:14am

Paradigm behind an ideal tax-to-GDP ratio

One point of commonality in all twenty-three International Monetary Fund (IMF) programmes secured by Pakistan to ...

Published 01 Apr, 2024 05:34am

Quarterly GDP: no light at the end of this tunnel

The latest GDP numbers are proving that the economy cannot be decoupled from politics. Ever since political impasse...

Published 01 Apr, 2024 05:34am

ECP finalises arrangements for April 2 Senate elections

ISLAMABAD: The Election Commission of Pakistan (ECP) has finalised all preparations for conducting nationwide Senate...

Published 01 Apr, 2024 05:34am

Energy

SNGPL intensifies operations against gas theft

ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL) Gas Task Force has escalated its operation against gas...

Published 01 Apr, 2024 05:34am

AJK PM unveils development initiatives

MIRPUR: Amidst an Iftar dinner hosted in his honour by Minister Wildlife Fisheries and Development Authority...

Published 01 Apr, 2024 05:34am

Alkhidmat Foundation hosts iftar dinner for orphans, widows

LAHORE: In a heartwarming display of compassion and solidarity, Alkhidmat Foundation Pakistan organized a ...

Published 01 Apr, 2024 05:34am

Cotton & Textile

Weekly Cotton Review: Prices stable on cotton market amid low business volumes

KARACHI: There was stability in cotton prices, though business volume was quite low. New crop advance deals have...

Published 01 Apr, 2024 05:34am

Letters

Qaiser causes unfortunate controversy

Senior Pakistan Tehreek-e-Insaf (PTI) leader and former Speaker of National Assembly Asad Qaiser is widely known as...

Published 01 Apr, 2024 05:34am

Commodities

Prices of essential food items remain high

PESHAWAR: Prices of essential food items like vegetables, flour, cooking oil/ghee, pulses, live chicken/meat and...

Published 01 Apr, 2024 05:34am

Money & Banking

Japanese banks less reluctant to finance hostile takeovers, lobby chief says

TOKYO: Japanese banks have become less reluctant to finance hostile acquisitions because the government’s new...

Published 01 Apr, 2024 05:34am

US economy continues to shine with help from consumers, labor market

WASHINGTON: The US economy grew faster than previously estimated in the fourth quarter, boosted by strong consumer...

Published 01 Apr, 2024 05:34am

Money & Banking

Rouble slightly strengthens against dollar

MOSCOW: The Russian rouble strengthened slightly against the US dollar on Friday. By 0722 GMT, the rouble was 0.23%...

Published 01 Apr, 2024 05:34am

Tackling the population crisis

EDITORIAL: Recent weeks have seen increasing clamour among our policymakers for measures aimed at improving...

Published 01 Apr, 2024 05:34am

The energy sector mess

EDITORIAL: That the energy sector is in a mess and is dragging the already low productivity of the manufacturing...

Published 01 Apr, 2024 05:34am

Companies

Onic & Careem sign MoU to forge strategic alliance

ISLAMABAD: Onic, the new digital telco brand in Pakistan and Careem, the leading ride-hailing platform in Pakistan,...

Published 01 Apr, 2024 05:34am

Money & Banking

Bank AL Habib and ACE Money Transfer partner again to empower overseas Pakistanis

LAHORE: Understanding the crucial role remittances play in Pakistan’s economic well-being, especially during the...

Published 01 Apr, 2024 05:34am

JETRO survey shows Japanese cos in Pakistan facing various issues, including higher import costs

KARACHI: The Japan External Trade Organization (JETRO), the Japanese government’s trade and investment promotional...

Published 01 Apr, 2024 05:34am

KP business community opposes hike in gas prices

PESHAWAR, March31: Business community has strongly opposed any further increase in gas prices. Traders urged the...

Published 01 Apr, 2024 05:34am

MoI&P asked to settle impasse with provinces: Selling ‘un-needed’ imported urea becomes new headache for govt

ISLAMABAD: The federal cabinet has directed the Ministry of Industries and Production (MoI&P) to settle impasse...

Updated 01 Apr, 2024 08:45am

TMA concerned at diversion of captive power generation gas to grid

KARACHI: The Senior Vice Chairman Syed Usman Ali along with the prominent exporters of the Towel Manufacturers...

Published 01 Apr, 2024 05:34am

Shared objectives: Country willing to collaborate with US: PM

ISLAMABAD: Prime Minister Shehbaz Sharif, in response to the US President Joe Biden’s letter, has expressed...

Updated 01 Apr, 2024 08:48am

3rd party participation in CPEC: Pakistan, China set to finalise modalities

Ministry of Foreign Affairs convenes meeting this week to share Chinese draft with other stakeholders

Updated 01 Apr, 2024 11:59am

PRL explains what has made its business model ‘unsustainable’

ISLAMABAD: The top management of Pakistan Refinery Limited (PRL) has cautioned the Pakistan State Oil (PSO) that...

Updated 01 Apr, 2024 08:44am

Petrol price hiked, diesel’s slashed ahead of Eid

Energy

PM Shehbaz Sharif decides to evaluate the performance of each ministry

Updated 01 Apr, 2024 09:52am

BMP asks Discos to deal with the challenges of electricity theft, line losses

LAHORE: Emphasizing the urgent need to address line losses and electricity theft, the Federation of Pakistan ...

Published 01 Apr, 2024 05:34am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 19	283.73
USD PKR Interbank Buying / Jun 19	283.53
USD to Japanese Yen / Jun 19	145.26
USD to Swiss Franc / Jun 19	0.82
Pound Sterling to USD / Jun 19	1.34
Euro to USD / Jun 19	1.15
UK LIBOR % / Jun 18	4.96

Stock	Volume
S&P 500 / Jun 18	5,980.87
Nasdaq / Jun 18	19,546.27
Dow Jones / Jun 18	42,171.66
India Sensex / Jun 19	81,415.69
Tokyo Nikkei / Jun 19	38,488.34
Hang Seng / Jun 19	23,203.65
FTSE 100 / Jun 19	8,808.78
Germany DAX 30 / Jun 19	23,175.77
France CAC40 / Jun 19	7,594.91

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 18	16,785
Gold 10 Grams PKR / Jun 18	307,831
Petrol/Litre / Jun 19	258.43
Crude Oil USD/Barrel / Jun 19	75.58
Gold Spot USD/Ounce / Jun 19	3,356.54
Diesel/Litre / Jun 19	262.59
Cotton US¢/pound / Jun 19	66.67

Gainers
Losers
Leaders

Stock	Price
Askari Life Assur. / Jun 19 Askari Life Assurance Company Limited(ALAC)	7.40 ▲ 1 (15.63%)
Ghazi Fabrics / Jun 19 Ghazi Fabrics International Limited(GFIL)	10.07 ▲ 1 (11.03%)
Equity Modaraba / Jun 19 First Equity Modaraba(FEM)	3.60 ▲ 0.34 (10.43%)
Tri-Star Mutual / Jun 19 Tri-Star Mutual Fund Limited(TSMF)	8.70 ▲ 0.8 (10.13%)
Crescent Textile / Jun 19 The Crescent Textile Mills Limited(CRTM)	20.85 ▲ 1.9 (10.03%)
Service Textile / Jun 19 Service Industries Textiles Limited(SERT)	21.64 ▲ 1.97 (10.02%)
Zahid Jee Textile / Jun 19 Zahidjee Textile Mills Limited(ZAHID)	39.69 ▲ 3.61 (10.01%)
National Silk / Jun 19 The National Silk & Rayon Mills Limited(NSRM)	48.58 ▲ 4.42 (10.01%)
Karam Ceramics / Jun 19 Karam Ceramics Limited(KCL)	56.73 ▲ 5.16 (10.01%)
Int. Knit. / Jun 19 International Knitwear Limited(INKL)	22.41 ▲ 2.04 (10.01%)

Stock	Price
Unicap Modaraba / Jun 19 Unicap Modaraba(UCAPM)	3.07 ▼ -0.42 (-12.03%)
Shadab Textile / Jun 19 Shadab Textile Mills Limited(SHDT)	75.89 ▼ -8.43 (-10%)
Pak Synthetics / Jun 19 Pakistan Synthetics Limited(PSYL)	60.78 ▼ -6.75 (-10%)
Pakgen Power / Jun 19 Pakgen Power Limited(PKGP)	192.29 ▼ -21.36 (-10%)
Shadman Cotton / Jun 19 Shadman Cotton Mills Limited(SHCM)	55.87 ▼ -6.21 (-10%)
Gillette Pak / Jun 19 Gillette Pakistan Limited(GLPL)	224.55 ▼ -24.95 (-10%)
ECOPACK Ltd / Jun 19 Ecopack Limited(ECOP)	66.42 ▼ -7.38 (-10%)
PIA Holding Co.B / Jun 19 PIA Holding Company Limited B(PIAHCLB)	12,393.10 ▼ -1377.05 (-10%)
Sardar Chemical / Jun 19 Sardar Chemical Industries Limited(SARC)	62.45 ▼ -6.94 (-10%)
Merit Packaging / Jun 19 Merit Packaging Limited(MERIT)	14.77 ▼ -1.64 (-9.99%)

Stock	Volume
WorldCall Telecom / Jun 19 Worldcall Telecom Limited(WTL)	64,599,560 ▼ -0.01
Sui South Gas / Jun 19 Sui Southern Gas Company Limited(SSGC)	35,602,100 ▼ -1.18
First Prudential Mod. / Jun 19 First Prudential Modaraba(PMI)	30,281,434 ▼ -0.39
Pervez Ahmed Consultancy / Jun 19 Pervez Ahmed Consultancy Services Ltd.(PASL)	25,166,746 ▼ -0.05
K-Electric Ltd. / Jun 19 K-Electric Limited(KEL)	21,008,163 ▼ -0.17
PIA Holding Co.Ltd / Jun 19 PIA Holding Company Limited(PIAHCLA)	19,362,254 ▼ -0.81
Invest Bank / Jun 19 Invest Capital Investment Bank Limited(ICIBL)	18,857,349 ▲ 0.54
TPL Properties / Jun 19 TPL Properties Limited(TPLP)	16,119,235 ▼ -0.3
Ist.Capital Sec / Jun 19 First Capital Securities Corporation(FCSC)	14,394,194 ▼ -0.16
Yousuf Weaving / Jun 19 Yousaf Weaving Mills Limited(YOUW)	14,359,754 ▲ 0.33

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