News Archives for Print - 2024-04-30

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Print - 2024-04-30

Coach Gillespie says he strongly believes in discipline, hard work

LAHORE: The newly-appointed Pakistan men’s cricket team head coach for red-ball Jason Gillespie has said that he...

Published 30 Apr, 2024 03:43am

AI can revolutionise healthcare sector: experts

KARACHI: Artificial Intelligence (AI) emerged as a surprising field worldwide with its efficiency, accuracy, and...

Published 30 Apr, 2024 03:43am

Farmers protesting delay in wheat procurement arrested ahead of sit-in in Lahore

LAHORE: Lahore Police detained several farmers from the provincial metropolis on Monday, aiming to prevent them from...

Published 30 Apr, 2024 03:43am

NY Police dept’s team visits Punjab Safe Cities Authority

LAHORE: A delegation from the New York Police Department (NYPD) visited the Punjab Safe Cities Authority (PSCA) here...

Published 30 Apr, 2024 03:43am

Bahria Town receiving recognition for social welfare endeavours: report

KARACHI: Bahria Town, under the visionary leadership of Malik Riaz Hussain, is making Pakistan proud by receiving...

Published 30 Apr, 2024 03:43am

JI chief says his party can play leading role in efforts aimed at pulling country out of crises

KARACHI: Jamaat-e-Islami (JI) Pakistan Ameer Engr Hafiz Naeemur Rehman has said that the JI can play a leading role...

Published 30 Apr, 2024 03:43am

G7 reaches deal to exit from coal by 2035

TURIN: Energy ministers from the Group of Seven (G7) major democracies reached a deal to shut down their coal-fired...

Published 30 Apr, 2024 03:43am

China hints at retaliation after Biden signs Taiwan, TikTok legislation

BEIJING: China hinted on Monday that it could retaliate after US President Joe Biden signed into law legislation to...

Published 30 Apr, 2024 03:43am

Flash floods, landslide kill at least 45 in central Kenya

MAI MAHIU (Kenya): Flash floods and a landslide in central Kenya killed at least 45 people and injured over 110...

Published 30 Apr, 2024 03:43am

North Koreans discuss trade on rare visit to Iran

DUBAI: A North Korean delegation attended an Iranian expo in Tehran last week and discussed bilateral trade with...

Published 30 Apr, 2024 03:43am

South Asia

Indian state suspends licences of 14 products of yoga guru’s pharma firms

NEW DELHI: An Indian state regulator has suspended manufacturing licences of 14 products made by pharmaceutical...

Published 30 Apr, 2024 03:43am

Hopes rise for possible Gaza truce deal

JERUSALEM: Hopes rose Monday for a long-sought truce and hostage release deal after almost seven months of war...

Published 30 Apr, 2024 03:43am

Ending hopium—lV

Our unsustainable economy is challenging our survival and requires measures by Ministry of Federal Education and...

Published 30 Apr, 2024 03:43am

IMC earns Rs9.41bn profit after tax in nine months of FY24

KARACHI: Indus Motor Company (IMC) announced its financial results for the nine-month period ending March 31, 2024,...

Published 30 Apr, 2024 03:43am

Money & Banking

SCBPL delivers strong financial performance

KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) delivered a strong performance, that has led to a growth ...

Published 30 Apr, 2024 03:43am

Naqvi says not aware of rumours about purported IK-establishment deal

ISLAMABAD: Interior Minister Mohsin Naqvi, on Monday, expressed ignorance about the rumours regarding a deal between...

Published 30 Apr, 2024 03:43am

Candidate for PAC chairmanship: Consultation over nomination to be completed today: IK

ISLAMABAD: The incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman, Imran Khan, on Monday, said that...

Published 30 Apr, 2024 03:43am

COAS, Turkiye Cmdr for strengthening military-to-military cooperation

ISLAMABAD: Chief of Army Staff (COAS) General Syed Asim Munir, on Monday, emphasised the need to further strengthen...

Published 30 Apr, 2024 03:43am

Money & Banking

Indian rupee logs sharpest daily decline on dollar demand

MUMBAI: The Indian rupee ended lower on Monday, its worst intraday fall in more than two weeks, pressured by...

Published 30 Apr, 2024 03:43am

Money & Banking

Japanese yen surges against dollar

NEW YORK: Japan’s currency surged as much as 5 yen against the dollar from a fresh 34-year low hit earlier on...

Published 30 Apr, 2024 03:43am

Money & Banking

Yuan stutters near 5-month low

SHANGHAI: China’s yuan hovered near a five-month low against the dollar on Monday after the central bank set the...

Published 30 Apr, 2024 03:43am

Money & Banking

Most Asian currencies muted ahead of Fed decision

BENGALURU: Asian emerging market currencies were subdued on Monday after inflation data in the United States further...

Published 30 Apr, 2024 03:43am

The Weather

KARACHI: The weather report on Monday (April 29, 2024) and the forecast for Tuesday (April 30, 2024)...

Published 30 Apr, 2024 03:43am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 250,277 tonnes of cargo comprising 142,145 tonnes of import cargo and 108,132...

Published 30 Apr, 2024 03:43am

Rates

Stock market plummets

KARACHI: After positive opening, Pakistan Stock Exchange on Monday closed in deep red with heavy losses due to panic...

Published 30 Apr, 2024 03:43am

Taxes

NA passes tax law amendment bill amid ruckus

ISLAMABAD: Amid uproar and walkouts by Pakistan Tehreek-e-Insaf (PTI)-backed Sunni Ittehad Council (SIC) lawmakers,...

Published 30 Apr, 2024 03:43am

Pakistan

Russia-Ukraine war: Pakistan could not import, procure vital raw materials: PM

RIYADH: Prime Minister Shehbaz Sharif Monday said permanent peace in Gaza was imperative for peace in the world. He...

Published 30 Apr, 2024 03:43am

Audio leaks: Justice Babar dismisses pleas of Pemra, FIA and PTA

ISLAMABAD: Justice Babar Sattar dismissed applications of the Pakistan Electronic Media Regulatory Authority ...

Published 30 Apr, 2024 03:43am

CM Maryam inaugurates ‘Kids’ Day Care Centre’

LAHORE: Inaugurating the ‘Kids’ Day Care Center’, here at Children’s Hospital, the Punjab Chief Minister...

Published 30 Apr, 2024 03:43am

Rent a party

Of late, the chorus of voices demanding ‘dialogue’ has grown to a virtual crescendo. This is understandable at one...

Published 30 Apr, 2024 03:43am

The falling rate of inflation

The last few months have witnessed a major drop in the rate of inflation as measured by the Consumer Price Index....

Published 30 Apr, 2024 03:43am

Parliament has lost its supremacy: Fazl

ISLAMABAD: The political heavyweight and chief of Jamiat Ulema-e-Islam-Fazl (JUI-F) Maulana Fazlur Rehman on Monday...

Published 30 Apr, 2024 03:43am

Energy

FESCO launches pro-rata billing software

FAISALABAD: On the special directives of the Ministry of Energy (Power Division), Faisalabad Electric Supply Company...

Published 30 Apr, 2024 03:43am

Salaries of Punjab govt employees to be increased: minister

LAHORE: Punjab’s Finance and Parliamentary Affairs Minister Mujtaba Shuja-ur-Rehman has announced that the ...

Published 30 Apr, 2024 03:43am

Dar meets his Malaysian counterpart

RIYADH: Deputy Prime Minister and Foreign Minister Senator Ishaq Dar on Monday met with Malaysian Foreign Minister...

Published 30 Apr, 2024 03:43am

Letters

Everything is anti-clockwise in Pakistan

Ironically, everything in Pakistan seems to be upside down and anticlockwise. The country often experiences the...

Published 30 Apr, 2024 03:43am

Sindh CM launches week-long anti-polio drive in 24 districts

KARACHI: Sindh Chief Minister Syed Murad Ali Shah inaugurated a week-long anti-polio campaign across 24 districts by...

Published 30 Apr, 2024 03:43am

PARTLY FACETIOUS: All legal pledges to Nawaz have been honoured

“Greed is a sin.” “And if greed is fed through corruption, then…” “Right, but that’s greed for asset...

Published 30 Apr, 2024 03:43am

Stocks

Wall St edges up as Tesla and Apple gain

NEW YORK: Wall Street’s main indexes crept higher in volatile trading on Monday as shares of Tesla and Apple...

Published 30 Apr, 2024 03:43am

Stocks

European stocks eke out gains after German inflation data

PARIS: European shares closed below day highs on Monday after Germany reported higher-than-expected inflation, while...

Published 30 Apr, 2024 03:43am

Stocks

China, HK stocks rise, led by property shares

SHANGHAI: China and Hong Kong stocks rose on Monday, led by real estate shares amid speculation that more stimulus...

Published 30 Apr, 2024 03:43am

Stocks

Saudi leads as Gulf markets close higher

DUBAI: Stock markets in the Gulf ended higher on Monday, led by the Saudi index on strong corporate earnings, while...

Published 30 Apr, 2024 03:43am

Rates

LME official prices

LONDON: The following were Friday official prices. ========================================= ALUMINIUM...

Published 30 Apr, 2024 03:43am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (April 29, 2024). ========================== KIBOR...

Published 30 Apr, 2024 03:43am

Forex

Open market rates of foreign currencies

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

Published 30 Apr, 2024 03:43am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (April 29, 2024). ======================== Open Bid Rs...

Published 30 Apr, 2024 03:43am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (April 29, 2024)....

Published 30 Apr, 2024 03:43am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 29, 2024)....

Published 30 Apr, 2024 03:43am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (April 29, 2024)...

Published 30 Apr, 2024 03:43am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (April 29, 2024). ======================================= Offset...

Published 30 Apr, 2024 03:43am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (April 29, 2024). ==================================== BR...

Published 30 Apr, 2024 03:43am

Commodities

Copper trends higher on tight supply

BEIJING: Prices of copper opened the week higher on Monday, driven by dwindling raw material supply and investors’...

Published 30 Apr, 2024 03:43am

Commodities

Wheat tumbles as Russian rain forecast spurs profit taking

CHICAGO: Chicago benchmark wheat futures fell nearly 3% on Monday, snapping a seven-session rally as the crop ...

Published 30 Apr, 2024 03:43am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 27.992...

Published 30 Apr, 2024 03:43am

Commodities

Paris wheat falls

HAMBURG: Euronext wheat fell on Monday as forecasts showing some rain in parched southern Russia eased weather...

Published 30 Apr, 2024 03:43am

Commodities

Palm oil extends gains

KUALA LUMPUR: Malaysian palm oil futures rose for a second consecutive session on Monday, underpinned by strength in...

Published 30 Apr, 2024 03:43am

Energy

Oil down on Israel-Hamas peace talks

NEW YORK: Oil prices fell by more than $1 a barrel on Monday as Israel-Hamas ceasefire talks in Cairo tempered fears...

Published 30 Apr, 2024 03:43am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (April 29, 2024)...

Published 30 Apr, 2024 03:43am

Cotton & Textile

Cotton market remains bearish with low volume

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

Published 30 Apr, 2024 03:43am

Commodities

Iron ore retreats on weak Chinese industrial data

BEIJING: Iron ore futures prices fell on Monday after weak industrial data in top consumer China and the completion...

Published 30 Apr, 2024 03:43am

Commodities

Gold rises on softer dollar

NEW YORK: Gold prices rose on Monday, helped by a weaker dollar, as focus turns to the Federal Reserve’s policy...

Published 30 Apr, 2024 03:43am

Cash Management, Treasury Single Account Rules, 2024 notified

ISLAMABAD: The federal government has notified Cash Management and Treasury Single Account Rules, 2024 that requires...

Updated 30 Apr, 2024 09:19am

CCP approves 40pc equity stake acquisition in GO by Aramco

ISLAMABAD: The Competition Commission of Pakistan (CCP) approved a 40% equity stake acquisition in Gas & Oil...

Updated 30 Apr, 2024 08:45am

IMF approves disbursement of $1.1bn loan tranche

ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) on Monday approved the final tranche of $1.1...

Published 30 Apr, 2024 03:43am

Budget preparation exercise to begin in first week of May

ISLAMABAD: The budget preparation exercise for the FY 2024-25 will be started from the first week of May 2024 at the...

Updated 30 Apr, 2024 08:43am

Saudis informed about SIFC’s proactive role

Saudi Minister of Commerce Dr Majid bin Abdullah Al-Qasabi says Kingdom prioritising trade and investment in Pakistan

Updated 30 Apr, 2024 09:24am

MIGA-covered GoP guarantee for Star project: Islamabad apprised about arbitration award

ISLAMABAD: Pakistan’s Executive Director at the World Bank, Dr Tauqeer Shah has apprised Islamabad about the...

Updated 30 Apr, 2024 09:18am

NTDC awarding contracts to ineligible bidders?

ISLAMABAD: The National Transmission and Despatch Company (NTDC) is said to have become a permanent headache for the...

Updated 30 Apr, 2024 09:25am

Dar’s elevation gives birth to speculation

ISLAMABAD: The timing of Ishaq Dar’s appointment as deputy prime minister with Prime Minister Shehbaz Sharif in...

Updated 30 Apr, 2024 08:42am

Export permission: MoC casts doubt on PSMA’s surplus sugar figures

ISLAMABAD: The Commerce Ministry has reportedly expressed doubts on the figures of surplus sugar presented to the...

Updated 30 Apr, 2024 08:44am

Policy rate kept unchanged at 22pc

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate...

Published 30 Apr, 2024 03:43am

Govt loses Rs800bn due to IPR violations last year: OICCI

KARACHI: “Effective protection of intellectual property rights (IPR) is essential for attracting and retaining FDI...

Updated 30 Apr, 2024 09:19am

3.5pc agri growth target may be missed

ISLAMABAD: The country is likely to miss the agriculture growth target of 3.5 percent set for 2023-24, as ongoing...

Published 30 Apr, 2024 03:43am

Sugar exports: PSMA (Punjab Zone) denies reports

LAHORE: Pakistan Sugar Mills Association (Punjab Zone) strongly denies reports that the government has refused to...

Updated 30 Apr, 2024 09:24am

WB’s SARVP will visit Pakistan from May 6-8

ISLAMABAD: World Bank’s South Asia Regional Vice President (SARVP), Martin Raiser is reaching Pakistan on a...

Updated 30 Apr, 2024 08:43am

Energy

KE seeks Nepra guidance on FCA petition for 9MFY24

KARACHI: National Electric Power Regulatory Authority (Nepra) has announced a public hearing on May 09, 2024 for the...

Published 30 Apr, 2024 03:43am

Export of raw items

EDITORIAL: Pakistan continues to grapple with the impact of relentless food inflation, fuelled by the consistent...

Published 30 Apr, 2024 03:43am

Deregulating petroleum sector: curb smuggling first

EDITORIAL: Finance minister Mohammad Aurangzeb recently said in a conference that bold energy and taxation reforms...

Updated 30 Apr, 2024 12:40pm

Pakistan, Iran: Work on mechanism to institutionalise barter trade underway

LAHORE: Pakistan’s ambassador to Iran, Muhammad Mudassir Tipu has said that work on mechanism to institutionalize...

Published 30 Apr, 2024 03:43am

Trade potential: Pakistan, Kazakhstan for further steps

ISLAMABAD: The government of Pakistan and the Republic of Kazakhstan underscored the need for further measures to...

Published 30 Apr, 2024 03:43am

Ministry’s targets for IT exports and revenue outlined

ISLAMABAD: Minister of State for Information Technology and Telecommunication, Shaza Fatima on Monday outlined the...

Published 30 Apr, 2024 03:43am

Govt asked to take concrete steps to attract foreign investment

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has asked the...

Published 30 Apr, 2024 03:43am

Cotton & Textile

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Monday (April 29, 2024) =========================== 6/S-7/S (COTTON)...

Published 30 Apr, 2024 03:43am

Companies

QatarEnergy signs $6bn deal with China shipbuilder

DOHA: A Chinese ship-building giant will construct 18 huge gas carriers for QatarEnergy under a $6 billion deal the...

Published 30 Apr, 2024 03:43am

Taxes

Senate body passes Tax Laws (Amendment) Bill, 2024 with some amendments

ISLAMABAD: The Senate Special Committee Monday passed the Tax Laws (Amendment) Bill, 2024 with some amendments to...

Published 30 Apr, 2024 03:43am

Companies

OGDCL announces financial results

ISLAMABAD: The net sales revenue of Oil and Gas Development Company Limited (OGDCL) clocked at Rs348.164 billion...

Published 30 Apr, 2024 03:43am

Taxes

HDF asks budget makers to introduce bold tobacco tax policy

ISLAMABAD: The Human Development Foundation (HDF) has asked the budget makers to introduce a bold tobacco taxation...

Published 30 Apr, 2024 03:43am

Companies

Ghazanfar steps down as Mobilink Bank CEO

KARACHI: Ghazanfar Azzam has stepped down as the President and CEO of Mobilink Bank after 12 years of service....

Published 30 Apr, 2024 03:43am

Money & Banking

BankIslami’s Profit Before Tax reaches Rs6.3bn

KARACHI: Maintaining its growth momentum, BankIslami delivered an impressive return for its shareholders, with a...

Published 30 Apr, 2024 03:43am

Money & Banking

Banking Mohtasib provides Rs1.26bn relief to customers in 2023

KARACHI: The Institution of Banking Mohtasib Pakistan (BMP) has provided relief amounting to Rs1.26 billion to the...

Published 30 Apr, 2024 03:43am

Money & Banking

Board of Directors of Al Baraka Bank meets finance minister

ISLAMABAD: The Board of Directors of Al Baraka Bank (Pakistan) Limited met with Federal Minister for Finance and...

Published 30 Apr, 2024 03:43am

Companies

Hashoo Foundation appoints Haris Qayyum Khan as CEO

ISLAMABAD: Hashoo Foundation, the corporate social responsibility arm of the Hashoo Group announced the appointment...

Published 30 Apr, 2024 03:43am

Industry

IGATEX Pakistan 2024 commences

LAHORE: IGATEX Pakistan 2024 – Pakistan’s largest international garment, textile, digital printing machinery and...

Published 30 Apr, 2024 03:43am

Industry

Business community taken completely by surprise by no change in key policy rate

KARACHI: Business community has shown displeasure over 7th status quo in the key policy rate. KCCI President...

Published 30 Apr, 2024 03:43am

Taxes

Tax Laws (Amendment) Bill: Treasury Senator assails federal govt

ISLAMABAD: The federal government, Monday, came under sharp criticism in Senate from a treasury senator for...

Published 30 Apr, 2024 03:43am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 21	278.50
USD PKR Interbank Buying / May 21	278.30
USD to Japanese Yen / May 21	156.44
USD to Swiss Franc / May 21	0.91
Pound Sterling to USD / May 21	1.27
Euro to USD / May 21	1.09

Stock	Volume
S&P 500 / May 20	5308.13
Nasdaq / May 20	16794.88
Dow Jones / May 20	39806.77
India Sensex / May 21	73830.29
Tokyo Nikkei / May 21	39037.68
Hang Seng / May 21	19234.33
FTSE 100 / May 21	8383.95
Germany DAX 30 / May 21	18702.87

Item	Value
Gold 10 Grams PKR / May 20	214678
Crude Oil USD/Barrel / May 21	79.32
Karachi Cotton PKR/37.32 KG / May 21	19935
Gold Spot USD/Ounce / May 21	2414
Cotton US¢/pound / May 21	75.63
Petrol/Litre / May 22	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 22 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 22 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 22 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 22 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 22 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 22 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 22 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 22 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 22 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 22 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 22 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 22 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 22 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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