News Archives for Print - 2025-05-05

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Print - 2025-05-05

Industry

Implementation plan of SMEDA revamping approved

LAHORE: The 30th meeting of the Small and Medium Enterprises Development Authority (SMEDA) Board of Directors held...

Published 05 May, 2025 07:15am

Taxes

Abbottabad: DG I&I IR Peshawar officers can’t recover ST liabilities: PHC

ISLAMABAD: Peshawar High Court (PHC) has declared that the Audit Officers of Directorate General of Intelligence and...

Published 05 May, 2025 07:15am

Alhamra showcases installation of 15,000 handcrafted flowers

LAHORE: The Lahore Arts Council, Alhamra, in collaboration with Roses of Humanity, inaugurated a profound art...

Published 05 May, 2025 07:15am

Commodities

Prices of essential food items remain high

PESHAWAR: Prices of essential food commodities remained high in the retail market. A weekly market survey conducted...

Published 05 May, 2025 07:12am

Experts urge Pakistan that it must assert its water rights

ISLAMABAD: In the wake of India’s claims of the Indus Waters Treaty (IWT) being ‘in abeyance,’ Pakistan has a...

Updated 05 May, 2025 11:08am

Two more bodies of Libya boat tragedy arrive

LAHORE: Another two bodies of Pakistan nationals who lost their lives in a tragic boat accident off the eastern ...

Published 05 May, 2025 07:09am

Sindh: Zardari stresses water conservation

ISLAMABAD: In a significant call to action, President Asif Ali Zardari has emphasised the crucial importance of ...

Published 05 May, 2025 07:08am

Low inflation, high uncertainty

It reached an all-time high of 38 percent in May 2023 (based on monthly data available since 1964) and then dropped...

Updated 05 May, 2025 07:35am

Allied Bank: Earnings fall

Allied Bank Limited (ABL) has announced its financial results for the first quarter of 2025, alongside an interim...

Updated 05 May, 2025 07:39am

Middle East

Hamas executes looters in Gaza as food crisis worsens

CAIRO: Hamas has executed a number of alleged looters after several incidents in which heavily armed gangs attacked...

Published 05 May, 2025 06:55am

Sheinbaum says she nixed Trump offer to send US troops to Mexico

MEXICO CITY: President Claudia Sheinbaum said Saturday that she had rejected an offer from US President Donald Trump...

Published 05 May, 2025 06:54am

Middle East

UAE says citizens can again travel to Lebanon

DUBAI: Emirati citizens will be able to visit Lebanon within days after a ban imposed during a diplomatic row in ...

Published 05 May, 2025 06:52am

Europe

Fourteen children arrested in UK after boy dies in fire

LONDON: British police have said 14 children aged between 11 and 14 were arrested in a northeastern English town...

Published 05 May, 2025 06:51am

Europe

Ukraine destroys electrical equipment factory in Russia’s Bryansk region

MOSCOW: Ukrainian forces struck an electrical equipment factory in Russia’s Bryansk region close to the border ...

Published 05 May, 2025 06:48am

Xi to visit Russia 7: Kremlin

MOSCOW: Chinese President Xi Jinping will make an official visit to Russia from May 7-10, where he will participate...

Published 05 May, 2025 06:47am

USA

New York cardinal says Trump AI pope image ‘wasn’t good’

ROME: US Cardinal Timothy Dolan said on Sunday that President Donald Trump’s posting of an AI-generated photo...

Published 05 May, 2025 06:45am

Netanyahu says Israel will respond to Houthis’ Iranian ‘masters’

JERUSALEM: Prime Minister Benjamin Netanyahu said on Sunday that Israel will respond to the Houthis and their ...

Published 05 May, 2025 06:43am

Industry

‘Prosper Pakistan’ conference from 16th

KARACHI: A two-day economic conference titled “Prosper Pakistan,” is scheduled to be held on May 16–17, 2025,...

Updated 05 May, 2025 08:23am

Club Eighteen concludes golf tournament

ISLAMABAD: The “CLUB EIGHTEEN” on Sunday concluded its premier two-day Golf Tournament with an impressive ...

Published 05 May, 2025 06:14am

Agriculture and Allied

SCA concerned over prevailing water shortage

HYDERABAD: The Sindh Chamber of Agriculture (SCA) has expressed grave concern over the prevailing water shortage,...

Published 05 May, 2025 06:14am

Pope’s popemobile set to become health clinic for Gaza children

VATICAN CITY: One of Pope Francis’s popemobiles is being transformed into a mobile health clinic for children in...

Published 05 May, 2025 06:14am

Palestine, Kashmir: Expert for strategies to address crises

LAHORE: Renowned Pakistani scholar and foreign affairs expert Muhammad Mehdi has called for urgent, collective ...

Published 05 May, 2025 06:14am

LUMS hosts fourth annual Practicum Showcase Conference

LAHORE: The Syed Ahsan Ali and Syed Maratib Ali School of Education (SOE) at LUMS hosted its fourth annual Practicum...

Published 05 May, 2025 06:14am

MENA

What Pakistani-founded Dubizzle Group’s recent acquisitions mean for potential UAE IPO

Pakistani-founded, Dubai-based Dubizzle Group - an online marketplace giant whose well-known brands include the...

Updated 05 May, 2025 06:13pm

Karachi to host National Women’s T20 tournament from 7th

LAHORE: A prize pot of over Rs three million will be up for grabs in the five-team National Women’s T20 Tournament...

Published 05 May, 2025 06:14am

Mayor inaugurates Hanif Mohammad Cricket Ground

KARACHI: Karachi Mayor Barrister Murtaza Wahab on Sunday inaugurated the Hanif Mohammad Cricket Ground at Hill Park,...

Published 05 May, 2025 06:14am

JI greets new CPNE leadership

KARACHI: Jamaat-e-Islami (JI) Karachi has extended congratulations to the newly elected office bearers of the ...

Published 05 May, 2025 06:14am

Five policemen kidnapped in Balochistan

QUETTA: A separatist militant group in southwestern Pakistan on Sunday claimed an attack on a prison van in which...

Published 05 May, 2025 06:14am

Sharjeel condemns India’s ban on Bilawal’s X account

KARACHI: Strongly condemning the Indian government’s ban on Chairman Bilawal Bhutto’s X account, Sindh Senior...

Published 05 May, 2025 06:14am

IBA Karachi, PNSC to support future leaders through scholarship endowment

KARACHI: In a significant step toward strengthening access to quality higher education, IBA Karachi has joined hands...

Published 05 May, 2025 06:14am

PDP Chairman underscores need for upgrading medical facilities

KARACHI: Medical facilities in the country should be upgraded on an urgent basis so that the Pakistani patients...

Published 05 May, 2025 06:14am

Canal projects: PTI holds ‘Salam Sindh Train March’

KARACHI: Pakistan Tehreek-e-Insaf (PTI) Sindh held “Salam Sindh Train March” from Karachi to Daharki, led by its...

Published 05 May, 2025 06:14am

Enrollment of 1.1m out-of-school children: CM Maryam sets unique record in Punjab

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif chaired a special meeting of the School Education Department for a...

Published 05 May, 2025 06:14am

CM approves establishment of Safari Park in Nowshera

PESHAWAR: In a major initiative to promote tourism and recreational activities in Khyber Pakhtunkhwa, Chief Minister...

Published 05 May, 2025 06:14am

‘Govt should increase salaries, pensions’

FAISLABAD: May 01 is International Workers’ Day around the world. The prevailing laws made for workers in our...

Published 05 May, 2025 06:14am

Tarar hails new elected office-bearers of CPNE

ISLAMABAD: Federal Minister for Information and Broadcasting Attaullah Tarar said on Sunday that the government ...

Published 05 May, 2025 06:14am

Dar reaffirms vision for peaceful neighbourhood

ISLAMABAD: Deputy Prime Minister/Foreign Minister Senator Mohammad Ishaq Dar on Sunday reaffirmed Pakistan’s ...

Published 05 May, 2025 06:14am

Minister meets Dutch Ambassador

LAHORE: Provincial Minister for Sports and Youth Affairs, Malik Faisal Ayub Khokhar, held a significant meeting with...

Published 05 May, 2025 06:14am

‘We don’t care’: weddings go on in Azad Kashmir border

NEELUM VALLEY: Rabia Bibi, a glittering red dupatta pulled over her eyes, wasn’t about to let the threat of war...

Updated 05 May, 2025 08:34am

India will face forceful response at every front: Punjab PA Speaker

LAHORE: Speaker of the Punjab Assembly, Malik Muhammad Ahmad Khan has said that Pakistan possesses the full...

Published 05 May, 2025 06:14am

Flights again halted to Israel after Houthi missile lands near airport

JERUSALEM: European and US carriers cancelled flights for the next several days after a missile fired by Yemen’s...

Published 05 May, 2025 06:14am

Middle East

Iran unveils new ballistic missile with 1,200km range

TEHRAN: Iran on Sunday unveiled a new solid-fuel ballistic missile with a range of 1,200 kilometres (745 miles),...

Published 05 May, 2025 06:14am

Europe

Seven Iranians among eight arrested in UK counterterrorism probes

LONDON: British police on Sunday said eight people, including seven Iranian nationals, were arrested in two separate...

Published 05 May, 2025 06:14am

Russia says willing to help resolve differences

MOSCOW: Russian Foreign Minister Sergei Lavrov spoke to his Pakistani counterpart on Sunday and offered Russia’s...

Published 05 May, 2025 06:14am

Uplift of industry indispensable: Governor

LAHORE: Governor Punjab Sardar Saleem Haider said on Sunday that development of industry and trade is indispensable...

Published 05 May, 2025 06:14am

Drive against illegal vehicles: 311 rickshaws, bike-rickshaws seized

KARACHI: The Sindh government has seized 311 rickshaws and motorcycle-rickshaws and arrested an equal number of...

Published 05 May, 2025 06:14am

The Weather

KARACHI: The weather report on Sunday (May 4, 2025) and the forecast for Monday (May 5, 2025)....

Published 05 May, 2025 06:14am

Christian community holds protest against India’s false propaganda

LAHORE: Under the leadership of Reverend Dr Majeed Abel, a peaceful protest was organized in front of the Naulakha...

Published 05 May, 2025 06:14am

Cotton

Weekly Cotton Review: Prices surge amid improved trading volumes

KARACHI: Last week, the cotton market witnessed a significant surge in prices alongside improved trading volumes,...

Published 05 May, 2025 06:14am

LCCI urges FBR to review SRO 578(I)/2025

LAHORE: Lahore Chamber of Commerce and Industry has urged the Federal Board of Revenue to review the recently issued...

Published 05 May, 2025 06:14am

Businessman seeks ‘significant’ cut in interest rates

KARACHI: The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and...

Published 05 May, 2025 06:14am

US-China trade war

The Liberation Day “reciprocal” tariffs announced by US President Donald Trump were stayed for 90 days on 9 ...

Updated 05 May, 2025 07:51am

MPC meeting: navigating between disinflation and external fragility

Monetary policy decision is due today. Three macro variables are making a compelling argument for a big rate cut....

Updated 05 May, 2025 07:55am

Grid must transform immediately

EDITORIAL: One reform the Prime Minister is particularly optimistic about is the reduction in power prices. Yes,...

Published 05 May, 2025 06:14am

A digital future at risk

EDITORIAL: Speaking at the Digital Foreign Direct Investment Conference 2025 in Islamabad on April 29, Prime ...

Published 05 May, 2025 06:14am

Letters

SIAL Canada agri show

Recently SIAL Canada Agri Business Exhibition was held on April/29 thru May/1, in Canada’s major trade &...

Published 05 May, 2025 06:14am

Energy

PESCO chairman presents three-month action plan

PESHAWAR: Chairman PESCO Himayatullah Khan met with Chief Secretary Khyber Pakhtunkhwa, Shahab Ali Shah, to present ...

Published 05 May, 2025 06:14am

Solar transition: from boom to balance

The shift towards solar power is inevitable, but ensuring an equitable and sustainable transition is key. Prime...

Updated 05 May, 2025 08:05am

Gold still faces downside risks

Last week, the global financial markets displayed some stability following a reduction in tariff tensions between ...

Updated 05 May, 2025 08:06am

Businessmen demand reduction in policy rate

PESHAWAR: Members of the business community urged the governor State Bank of Pakistan to reduce interest rate to...

Published 05 May, 2025 06:14am

Global crypto diplomacy: PCC positions Pakistan as rising force in just 50 days

ISLAMABAD: The Pakistan Crypto Council (PCC), in just 50 days since its launch on March 14, 2025, has achieved what...

Published 05 May, 2025 06:14am

Rates

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Sunday (May 4,...

Published 05 May, 2025 06:14am

Iranian FM due today

ISLAMABAD: Foreign Minister of Iran, Seyyed Abbas Araghchi, will undertake an official visit to Pakistan on Monday....

Updated 05 May, 2025 09:03am

Air strikes by India imminent?

Indian Prime Minister Narendra Modi holds significant meeting with Air Chief Marshal VR Chaudhari

Updated 05 May, 2025 03:35pm

OIC concerned over Islamophobia, hate crimes in IIOJK

ISLAMABAD: The Permanent Independent Human Rights Commission (IPHRC) under the Organisation of Islamic Cooperation...

Updated 05 May, 2025 09:03am

Pakistan imposes ban on Indian flag carriers at its ports

KARACHI: Pakistan has announced an immediate ban on Indian flag carriers from accessing its ports, aimed at...

Updated 05 May, 2025 09:38am

LNG import: Petroleum Div proposes reconstitution of body

ISLAMABAD: Petroleum Division has proposed reconstitution of Committee on import of Liquefied Natural Gas (LNG)...

Updated 05 May, 2025 09:38am

Electricity market under CTBCM: Power Div invites comments from stakeholders

ISLAMABAD: The Power Division has invited comments from stakeholders on the country’s electricity market under the...

Updated 05 May, 2025 09:03am

PD clarifies CPP levy adjustments to be reflected in future bills

ISLAMABAD: Petroleum Division has clarified that any rebate or adjustment in the Captive Power Plants (CPP) levy...

Updated 05 May, 2025 09:03am

Rates

PSX remains volatile

KARACHI: The Pakistan Stock Exchange (PSX) remained volatile during the week ending May 2, 2025 amid escalating...

Published 05 May, 2025 06:14am

PTI abstains: Political leadership briefed about situation

KARACHI: Director General Inter-Services Public Relations (ISPR) Lieutenant General Ahmed Sharif Chaudhry and...

Updated 05 May, 2025 09:44am

Rates

PKR: more depreciation

KARACHI: The Pakistani rupee depreciated further against the US dollar in the inter-bank market as it lost Re0.09 or...

Published 05 May, 2025 06:14am

FBR decides to hire industry experts

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to hire industry experts to enhance technical expertise of...

Updated 05 May, 2025 09:07am

Pakistan decides to brief UNSC

ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Muhammad Ishaq Dar on Sunday directed Pakistan’s...

Updated 05 May, 2025 09:45am

Rates

Futures spread surges 158 bps

KARACHI: The futures spread rose by 158 basis points, closing at 7.26 percent on the final trading day of the week...

Published 05 May, 2025 06:14am

SRO issued regarding import ban on India

ISLAMABAD: The Government of Pakistan has formally imposed a ban on the import, export, and transit of goods of...

Updated 05 May, 2025 09:43am

Stocks

Wall Street Week Ahead: Fed outlook in focus as US stocks rally picks up steam

NEW YORK: The Federal Reserve meeting in the coming week is set to test the US stock market’s sharp rebound, with...

Published 05 May, 2025 06:14am

Interview with Zia Hyder Naqi, CEO – SPEL Limited: ‘Waste is often just a misplaced resource’

Mr. Zia Hyder Naqi has been at the helm of SPEL Ltd. as CEO since 2013. Under his leadership, SPEL has diversified...

Updated 05 May, 2025 07:28am

Industry

Hayatabad Economic Zone: Need to address violations of environmental regulations

PESHAWAR: The KP Department of Industries has directed the concerned authorities to organise a joint meeting of...

Published 05 May, 2025 06:14am

Money & Banking

Annual Awards 2024 in Lahore: MCB Islamic Bank celebrates excellence

LAHORE: MCB Islamic Bank proudly hosted its Annual Awards 2024 in Lahore, celebrating outstanding achievements,...

Published 05 May, 2025 06:14am

Industry

UBG calls for cut in markup rate to stabilise economy

LAHORE: S M Tanveer, Patron-in-Chief of United Business Group (UBG), has called for a single-digit markup rate in ...

Published 05 May, 2025 06:14am

Digital infrastructure landscape: Major telecom providers expand footprint

LAHORE: Pakistan’s cloud computing and data center industry is witnessing rapid evolution as major telecom...

Published 05 May, 2025 06:14am

Industry

HCSTSI says concerned at FBR’s ‘excessive’ powers

HYDERABAD: President Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Muhammad Saleem Memon, has...

Published 05 May, 2025 06:14am

Companies

Buffett to step down as Berkshire CEO after 60 years

OMAHA (Nebraska): Warren Buffett is ending his career as perhaps the world’s most famous and revered investor,...

Updated 05 May, 2025 08:13am

Samsung fights $520m India tax demand, points to Reliance practice

Companies

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 8	281.55
USD PKR Interbank Buying / May 8	281.35
USD to Japanese Yen / May 8	144.45
USD to Swiss Franc / May 8	0.83
Pound Sterling to USD / May 8	1.33
Euro to USD / May 8	1.13
UK LIBOR % / May 6	4.96

Stock	Volume
S&P 500 / May 7	5,631.28
Nasdaq / May 7	17,738.16
Dow Jones / May 7	41,113.97
India Sensex / May 8	80,773.90
Tokyo Nikkei / May 8	36,928.63
Hang Seng / May 8	22,772.13
FTSE 100 / May 8	8,563.33
Germany DAX 30 / May 8	23,254.02
France CAC40 / May 8	7,658.17

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	16,985
Gold 10 Grams PKR / May 7	305,984
Petrol/Litre / May 8	252.63
Crude Oil USD/Barrel / May 8	58.29
Gold Spot USD/Ounce / May 8	3,339
Diesel/Litre / May 8	256.64
Cotton US¢/pound / May 8	67.25

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / May 8 First Elite Capital Modaraba(FECM)	20.44 ▲ 1.86 (10.01%)
PIA Holding Co.B / May 8 PIA Holding Company Limited B(PIAHCLB)	7,032.03 ▲ 639.28 (10%)
Gillette Pak / May 8 Gillette Pakistan Limited(GLPL)	237.19 ▲ 21.56 (10%)
Khyber Textile / May 8 Khyber Textile Mills Limited(KHYT)	668.07 ▲ 60.73 (10%)
Blue-Ex Ltd / May 8 Blue-Ex Limited (GEM)(GEMBLUEX)	48.40 ▲ 4.4 (10%)
Shakarganj / May 8 Shakarganj Limited(SML)	63.25 ▲ 5.75 (10%)
Diamond Ind. / May 8 Diamond Industries Limited(DIIL)	21.69 ▲ 1.93 (9.77%)
Calcorp Ltd / May 8 Calcorp Limited(CASH)	40.74 ▲ 3.58 (9.63%)
Olympia Mills / May 8 Olympia Mills Limited(OML)	41.95 ▲ 3.45 (8.96%)
Shield Corp. / May 8 Shield Corporation Limited(SCL)	287.76 ▲ 23.24 (8.79%)

Stock	Price
Chenab Ltd (Pref) / May 8 Chenab Limited (Pref)(CLCPS)	1.82 ▼ -0.77 (-29.73%)
Dewan Farooque Sp. / May 8 Dewan Farooque Spinning Mills Limited(DFSM)	2.43 ▼ -0.67 (-21.61%)
Grays Leasing / May 8 Grays Leasing Limited(GRYL)	3.79 ▼ -1 (-20.88%)
Cresent Jute / May 8 Crescent Jute Products Limited(CJPL)	2.41 ▼ -0.63 (-20.72%)
Kohinoor Spining / May 8 Kohinoor Spinning Mills Limited(KOSM)	3.94 ▼ -0.93 (-19.1%)
D.S. Ind. Ltd. / May 8 D.S. Industries Limited(DSIL)	3.49 ▼ -0.73 (-17.3%)
Al-Shaheer Corp / May 8 Al Shaheer Corporation Limited(ASC)	5 ▼ -1 (-16.67%)
Chenab Ltd / May 8 Chenab Limited(CHBL)	4.85 ▼ -0.97 (-16.67%)
Tri-Star Power / May 8 Tri-Star Power Limited(TSPL)	5.17 ▼ -0.95 (-15.52%)
First AL-Noor Mod. / May 8 First Al-Noor Modaraba(FANM)	2.33 ▼ -0.42 (-15.27%)

Stock	Volume
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	93,253,525 ▼ -0.12
Kohinoor Spining / May 8 Kohinoor Spinning Mills Limited(KOSM)	28,484,361 ▼ -0.93
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	27,065,550 ▼ -0.3
B.O.Punjab / May 8 The Bank of Punjab(BOP)	26,764,712 ▼ -0.5
Fauji Cement / May 8 Fauji Cement Company Limited(FCCL)	19,664,828 ▼ -2.99
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	19,599,374 ▼ -0.86
Maple Leaf Cement / May 8 Maple Leaf Cement Factory Limited(MLCF)	19,535,579 ▼ -6.22
Sui South Gas / May 8 Sui Southern Gas Company Limited(SSGC)	15,067,745 ▼ -3.25
Pak Int.Bulk / May 8 Pakistan International Bulk Terminal(PIBTL)	14,901,402 ▼ -0.79
Fauji Foods Ltd / May 8 Fauji Foods Limited(FFL)	13,416,966 ▼ -1.33

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