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Markets

PM Shehbaz calls for immediate shutdown of inefficient power plants, pushes for renewables

Statement from PM's Office says premier wants reforms in power sector expedited

Published 13 Dec, 2024 03:51pm

Markets

Ugandan shilling little-changed; to ease due to commercial bank FX demand

KAMPALA: The Ugandan shilling was little-changed on Friday, but was expected to weaken due to demand for dollars...

Published 13 Dec, 2024 03:48pm

Markets

Russian rouble strengthens vs dollar in volatile trade

MOSCOW: The Russian rouble strengthened against the US dollar but weakened against China’s yuan on Friday amid...

Published 13 Dec, 2024 03:47pm

Technology

Geely, Baidu pledge to solve payroll issues facing EV venture

BEIJING: Geely and Baidu vowed to assist the management team of their electric vehicle venture to properly solve...

Published 13 Dec, 2024 03:45pm

Markets

Iranian oil prices to China hit new multi-year highs as sanctions hit

SINGAPORE: The price of Iranian crude oil sold to China has risen to the highest in years as fresh US sanctions have...

Published 13 Dec, 2024 03:43pm

World

Kremlin praises Trump’s criticism of Ukrainian strikes deep into Russia

MOSCOW: The Kremlin on Friday praised US President-elect Donald Trump’s criticism of Ukrainian strikes with US...

Published 13 Dec, 2024 03:21pm

Sports

Man City announce record Premier League revenue

LONDON: Manchester City posted record revenues for a Premier League club last season as the champions’ income...

Published 13 Dec, 2024 02:52pm

Markets

South African rand slips after central bank’s quarterly bulletin

JOHANNESBURG: South Africa’s rand slipped against the dollar on Friday after the central bank released its quarterly...

Published 13 Dec, 2024 02:36pm

Technology

Out of 2.32mn freelancers, only 38,000 hold bank accounts in Pakistan, PM Committee told

In a startling development, it was disclosed during a high-level meeting of the Prime Minister’s Committee on IT...

Published 13 Dec, 2024 02:32pm

Markets

Sterling falls after UK GDP unexpectedly contracts in October

LONDON: The pound fell on Friday after data showed the British economy shrank unexpectedly in October, which could...

Published 13 Dec, 2024 02:12pm

Markets

Kenya’s shilling unchanged versus dollar, LSEG data shows

NAIROBI: Kenya’s shilling was unchanged in early trade against the dollar on Friday, London Stock Exchange Group...

Published 13 Dec, 2024 02:08pm

Markets

Euro area bond yields edge higher after ECB flags caution

LONDON: Euro zone bond yields rose on Friday, a day after the European Central Bank (ECB) cut interest rates but...

Published 13 Dec, 2024 02:06pm

Markets

European stocks on course to snap three-week winning streak

European stocks slipped on Friday, and were on track to break a three-week winning streak, as investors sought...

Published 13 Dec, 2024 02:02pm

World

Israeli strike on Gaza post office kills 30 Palestinians

CAIRO: An Israeli strike on a post office sheltering Gaza residents killed at least 30 Palestinians and wounded 50,...

Updated 13 Dec, 2024 02:27pm

World

Antony Blinken says he discussed Gaza ceasefire agreement with Turkiye top officials

ANKARA: US Secretary of State Antony Blinken said on Friday that he discussed the imperative of Palestinian group...

Published 13 Dec, 2024 01:55pm

World

Sri Lanka says Adani port project to continue despite US charges

COLOMBO: Indian conglomerate Adani Group’s port project in Sri Lanka will go ahead despite US charges against its...

Published 13 Dec, 2024 01:41pm

Sports

India targeting big first innings total in Brisbane: Gill

BRISBANE: India are determined to post a big first innings total in the third Test against Australia at Brisbane,...

Published 13 Dec, 2024 01:39pm

Life & Style

Taylor Swift closed her Eras tour on top of the world. Now what?

NEW YORK: The nearly two-year-long, $2 billion Eras tour shattered records, made history and quite literally...

Published 13 Dec, 2024 01:32pm

Life & Style

‘Carry-On’ film conjures airport anxieties of the holiday season

LOS ANGELES: For actor Taron Egerton, the Netflix action film “Carry-On” pays homage to Transportation Security...

Published 13 Dec, 2024 01:28pm

Life & Style

Chanel picks Matthieu Blazy as creative director

PARIS: French fashion house Chanel selected former Bottega Veneta design chief Matthieu Blazy as its next creative...

Published 13 Dec, 2024 01:25pm

Pakistan

May 9 riots: SC conditionally allows military courts to announce verdicts

The Supreme Court’s (SC) constitutional bench conditionally allowed on Friday military courts to announce reserved...

Updated 13 Dec, 2024 03:55pm

Markets

China stocks slide as policy pledges fail to impress investors

SINGAPORE: Chinese stocks skidded toward their heaviest losses in three weeks on Friday, after a readout from a...

Published 13 Dec, 2024 12:27pm

Markets

JGB yields fall as BOJ’s rate hike bets weaken

TOKYO: Japan’s mid-to-long-term government bond yields fell on Friday as the market saw it as less likely that the...

Published 13 Dec, 2024 12:19pm

World

China, Egypt agree on need to promote peace in Middle East

BEIJING: China’s foreign minister Wang Yi said Beijing agreed with Egypt that both nations should promote peace and...

Published 13 Dec, 2024 12:14pm

Markets

Stocks stage comeback after initial selling at PSX

After profit-taking in the first half of the trading session, the Pakistan Stock Exchange (PSX) staged a recovery...

Updated 13 Dec, 2024 04:17pm

World

Indian police say probing bomb threat to central bank in Mumbai

MUMBAI: Police in India’s financial capital Mumbai said on Friday that they were investigating a bomb threat to the...

Published 13 Dec, 2024 12:11pm

Business & Finance

German exports fall more than expected in October

German exports fell by 2.8% in October compared with the previous month, data from the federal statistics office...

Published 13 Dec, 2024 12:07pm

World

Emmanuel Macron, Tusk discuss idea of foreign peacekeepers in Ukraine

WARSAW: Polish Prime Minister Donald Tusk on Thursday said he discussed with French President Emmanuel Macron the...

Published 13 Dec, 2024 12:00pm

World

Six dead in India hospital fire

NEW DELHI: A fire at a private hospital in southern India killed at least six people, police said Friday, with more...

Published 13 Dec, 2024 11:53am

Sports

Veteran Wawrinka gets Australian Open wildcard

MELBOURNE: Three-time Grand Slam champion Stan Wawrinka was handed a wildcard Friday for the Australian Open, a...

Published 13 Dec, 2024 11:49am

World

G7 to meet on Syria, government pledges ‘rule of law’

DAMASCUS: G7 leaders will attempt Friday to forge a common approach to the new government of Syria, which has...

Published 13 Dec, 2024 11:43am

World

Britain launches plan to ease development of clean energy projects

LONDON: Britain on Friday launched a plan to make it easier for developers to build clean energy projects which it...

Published 13 Dec, 2024 11:28am

Pakistan

World Bank approves $240mn for WASH services in Karachi

Financing to support investments in water, sanitation services

Updated 13 Dec, 2024 04:23pm

World

South Korea opposition leader Lee says impeaching Yoon best way to restore order

SEOUL: South Korean opposition leader Lee Jae-myung said on Friday the best way to restore order in the country is...

Published 13 Dec, 2024 11:24am

World

Senior Ukraine official says Kyiv not yet ready for talks with Russia

Ukrainian President Volodymyr Zelenskiy’s chief of staff said in an interview broadcast late on Thursday that Kyiv...

Published 13 Dec, 2024 11:19am

Business & Finance

IMF board concludes review that makes $131 million available to Jordan

WASHINGTON: The International Monetary Fund’s executive board has concluded a review that makes $131 million...

Published 13 Dec, 2024 11:16am

Markets

South Korean shares dip ahead of impeachment vote

KOSPI was down 4.08 points, or 0.16%, at 2,478.04

Published 13 Dec, 2024 11:13am

World

Elon Musk says SpaceX headquarters to be in Starbase, Texas

Elon Musk said on social media platform X on Thursday that the SpaceX headquarters will now officially be in the...

Published 13 Dec, 2024 11:10am

Sports

Australia’s Smith consults ‘Mr Cricket’ in bid to arrest slump

MELBOURNE: Australia batsman Steve Smith is weighing a “less is more” approach to training in a bid to arrest his...

Published 13 Dec, 2024 11:07am

Sports

New Zealand ponder Mitch Santner recall for Southee farewell in third England Test

New Zealand will wait until Saturday’s toss to decide whether spinner Mitch Santner will be recalled to the side but...

Published 13 Dec, 2024 11:03am

Sports

Josh Hazlewood returns for third Test against India, Boland out

MELBOURNE: Josh Hazlewood will return to Australia’s XI for the third Test against India in Brisbane after...

Published 13 Dec, 2024 10:48am

Markets

Rupee records marginal increase against US dollar

Currency settles at 278.12 against the greenback in inter-bank market

Updated 13 Dec, 2024 04:08pm

Markets

China’s yuan eases after remarks at key economic meeting fail to inspire

SHANGHAI: China’s yuan eased against the US dollar on Friday as remarks from the annual economic meeting failed to...

Published 13 Dec, 2024 10:44am

Markets

Iron ore retreats, set for weekly loss as China stimulus disappoints

SINGAPORE: Iron ore futures retreated on Friday and were on track to end the week lower, as top consumer China’s...

Published 13 Dec, 2024 10:41am

World

Trump to meet widow of former Japan PM Abe on Sunday, source says

US President-elect Donald Trump is planning to meet with Akie Abe, the widow of the late Japanese Prime Minister...

Published 13 Dec, 2024 10:39am

Markets

Asian shares fall, long-dated Treasuries set for worst week in a year

SYDNEY: Asia shares fell on Friday as a strong dollar kept risk sentiment fragile, while longer-dated Treasury...

Published 13 Dec, 2024 10:30am

Markets

Corn heads for 4th straight weekly gain on falling US stockpiles

CANBERRA: Chicago corn futures edged lower on Friday after disappointing US export data but were on track for a...

Published 13 Dec, 2024 10:24am

Sports

Ben Stokes wary of Ashes distractions as England aim for NZ sweep

England captain Ben Stokes concedes that he has probably spoken too much about next year’s Ashes and is keen that...

Updated 13 Dec, 2024 10:45am

Markets

Australia, NZ dollars under pressure as US yields climb

SYDNEY: The Australian and New Zealand dollars were pinned near multi-month lows on Friday as rising Treasury yields...

Published 13 Dec, 2024 10:17am

Markets

OGDCL discovers hydrocarbon reserves in Khyber Pakhtunkhwa

Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, announced...

Updated 13 Dec, 2024 04:09pm

Markets

Gold prices steady as focus turns to Fed’s policy decision

Gold prices were steady on Friday as investors refrained from making big bets, with attention turning to the Federal...

Published 13 Dec, 2024 10:15am

Sports

‘Special Ks’ to reunite for doubles at Australian Open

Thanasi Kokkinakis and Nick Kyrgios will team up for doubles at next month’s Australian Open, and the entertaining...

Published 13 Dec, 2024 10:12am

Markets

India 10-year bond yield at 6.75%, traders eye debt sale

MUMBAI: Indian government bond yields rose on Friday, hurt by elevated US yields and with the local benchmark bond...

Published 13 Dec, 2024 10:08am

Markets

Indian rupee weakness to persist on rally in dollar, US

MUMBAI: The Indian rupee will have to contend with the higher run in the US dollar and yields at the open on Friday,...

Published 13 Dec, 2024 10:06am

Markets

Metals drag down Indian shares down at the open

Indian shares opened lower on Friday, dragged down by metal stocks on a strong US dollar and lack of clarity around...

Published 13 Dec, 2024 10:04am

Markets

Palm tracks weakness in rival oils, set for a weekly loss

JAKARTA: Malaysian palm oil futures opened low on Friday, tracking weakness in rival vegetable oils at Chicago and...

Published 13 Dec, 2024 10:01am

Markets

Copper eases on firm dollar, lack of clarity around China stimulus; set for weekly loss

NEW DELHI: London copper prices nudged lower on Friday and were on track for weekly losses on the back of a stronger...

Published 13 Dec, 2024 09:57am

Markets

Japan’s Nikkei falters as traders lock in profit, assess US data

TOKYO: Japan’s Nikkei share average fell on Friday, as investors locked in profit following a four-session climb...

Published 13 Dec, 2024 09:54am

Markets

Australian shares fall for fourth session as miners weigh

Australian shares tracked Wall Street losses to drop on Friday, with mining stocks declining the most, a day after...

Published 13 Dec, 2024 09:52am

Markets

Dollar set for best week in a month on cut-then-wait Fed outlook

TOKYO: The dollar rose to a 2 1/2-week high against major peers on Friday, on track for its best week in a month,...

Published 13 Dec, 2024 09:48am

Markets

Oil stabilises on course for first weekly gain in three

SINGAPORE: Oil prices stabilised on Friday, heading for their first weekly rise since the end of November, as...

Updated 13 Dec, 2024 12:23pm

BR Research

Prosperity Weaving Mills Limited

Prosperity Weaving Mills Limited (PSX: PRWM) was incorporated in Pakistan as a public limited company in 1991. The...

Published 13 Dec, 2024 08:39am

Business & Finance

‘Majority of SMEs have no access to formal financing’

ISLAMABAD: Small and Medium Enterprises (SMEs) are playing a role of the backbone of the national economy,...

Published 13 Dec, 2024 08:33am

Business & Finance

Minister calls for structural and operational reforms in TDAP

ISLAMABAD: The Federal Minister for Commerce, Jam Kamal Khan, presided over the 11th Board Meeting of the Trade...

Published 13 Dec, 2024 08:30am

Pakistan

Tarar arrives in Istanbul on three-day official visit

ISLAMABAD: Federal Minister for Information and Broadcasting Attaullah Tarar has arrived in Istanbul on a three-day...

Published 13 Dec, 2024 08:30am

Business & Finance

Pakistan’s LAAM Technologies raises $5.5mn seed funding

KARACHI: Pakistan-based technology-driven fashion startup, LAAM Technologies has successfully raised $5.5 million in...

Updated 13 Dec, 2024 02:29pm

Markets

Significant cut in POL products’ prices likely

ISLAMABAD: The federal government is considering a significant reduction in ex-depot prices for petroleum ...

Published 13 Dec, 2024 08:28am

BR Research

Unlocking Pakistan’s potential in medical technology

Pakistan’s journey in precision engineering, particularly in the medical technology sector, reflects both immense...

Published 13 Dec, 2024 08:27am

BR Research

Monetary policy: Balancing rate cuts and inflation

The monetary policy is due on Monday. The market rates (T-Bills and KIBOR) have already plummeted, making the...

Published 13 Dec, 2024 08:24am

Editorials

An unnecessary disputation

EDITORIAL: The madressah’s registration bill has ended up triggering an unsavoury controversy between the ...

Published 13 Dec, 2024 07:33am

Editorials

Blaming IMF for inflation!

EDITORIAL: In response to a query from a member of the Treasury benches, Tahira Aurangzeb, the Ministry of Finance...

Published 13 Dec, 2024 07:27am

World

Gaza rescuers say Israeli strikes kill 33

GAZA STRIP: Gaza’s civil defence agency reported that Israeli air strikes on Thursday killed at least 33 people,...

Published 13 Dec, 2024 06:29am

World

Syria govt pledges ‘rule of law’ after Assad’s overthrow

DAMASCUS: Syria’s interim government vowed on Thursday to institute the “rule of law” after years of abuses...

Published 13 Dec, 2024 06:29am

World

Trump invites China’s Xi to inauguration, experts call it political theatre

WASHINGTON: US President-elect Donald Trump has invited Chinese President Xi Jinping and other foreign leaders to ...

Published 13 Dec, 2024 06:29am

World

UK aims to boost home-schooling safety after Sara’s murder

LONDON: British Prime Minister Keir Starmer on Thursday called for better safeguards for home-schooled children and...

Published 13 Dec, 2024 06:29am

World

Vatican officials, Abbas discuss Gaza’s ‘very serious’ needs

VATICAN CITY: Pope Francis met Palestinian President Mahmoud Abbas at the Vatican on Thursday, their first...

Published 13 Dec, 2024 06:29am

World

Iran accepts tougher oversight at Fordow enrichment plant: IAEA

JERUSALEM: Israel said Thursday it would “continue to act to defend itself” after France urged it to withdraw...

Published 13 Dec, 2024 06:29am

Pakistan

The Weather

KARACHI: The weather report on Thursday (December 12, 2024) and the forecast for Friday (December 13, 2024)...

Published 13 Dec, 2024 06:29am

Pakistan

‘D-Chowk debacle’ probe: PTI leader demands govt form fact-finding commission

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Parliamentary Leader in Senate, Barrister Ali Zafar has questioned the...

Published 13 Dec, 2024 06:29am

Pakistan

Govt comes under severe criticism in NA for absence of ministers

ISLAMABAD: The government came under severe criticism in National Assembly on Thursday from both its ally Pakistan...

Published 13 Dec, 2024 06:29am

Pakistan

Pakistan condemns Israel’s occupation of Syrian territories

ISLAMABAD: Pakistan has strongly condemned Israel’s occupation of Syrian territories, highlighting the destruction...

Published 13 Dec, 2024 06:29am

Over 50 Chinese cos to invest $1.4bn in Sindh projects

KARACHI: Over 50 Chinese companies are set to invest $1.4 billion in Sindh’s various sectors, including healthcare,...

Updated 13 Dec, 2024 02:27pm

$425m national transmission modernisation project: World Bank rates implementation as ‘moderately satisfactory’

ISLAMABAD: The World Bank has rated the implementation of “National Transmission Modernization Project” of $425...

Updated 13 Dec, 2024 09:14am

KE FCA for October: Nepra to approve Rs0.27/unit negative adjustment

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) will approve negative adjustment of Rs 0.27 per unit...

Updated 13 Dec, 2024 02:26pm

Pakistan

Trial of civilians under the Army Act: CB’s Mandokhail raises concerns over legitimacy

ISLAMABAD: Justice Jamal Khan Mandokhail questioned how a civilian, not in armed forces, can be tried by military...

Updated 13 Dec, 2024 09:22am

Business & Finance

Importance of Islamic finance, capital markets highlighted

KARACHI: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has said that Islamic finance and...

Published 13 Dec, 2024 06:29am

Discos’ sell-off: Power Division fails to satisfy Senate panel

ISLAMABAD: Power Division on Thursday failed to satisfy the Senate Standing Committee on Power about privatisation...

Updated 13 Dec, 2024 02:26pm

Markets

Outsandings against provincial depts/entities: Power minister seeks CMs’ intervention for recovery

ISLAMABAD: Minister for Power, Sardar Awais Ahmed Khan Leghari has sought personal interventions of chief ministers...

Published 13 Dec, 2024 06:29am

Pakistan

SC CB dismisses pleas against practice procedure ordinance

ISLAMABAD: The Supreme Court (SC) of Pakistan’s Constitutional Bench on Thursday dismissed a set of petitions...

Updated 13 Dec, 2024 09:16am

Markets

Winter demand initiative: Not more than Rs2.5/unit saving even with 40pc rise in consumption

LAHORE: The industrial consumers have apprehended that the maximum saving would not exceed Rs2.5 per unit even with ...

Published 13 Dec, 2024 06:29am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 13	278.15
USD PKR Interbank Buying / Dec 13	277.95
USD to Japanese Yen / Dec 13	152.89
USD to Swiss Franc / Dec 13	0.89
Pound Sterling to USD / Dec 13	1.27
Euro to USD / Dec 13	1.05

Stock	Volume
S&P 500 / Dec 12	6,051.25
Nasdaq / Dec 12	19,902.84
Dow Jones / Dec 12	44,914.12
India Sensex / Dec 13	81,383.94
Tokyo Nikkei / Dec 13	39,468.16
Hang Seng / Dec 13	20,056.01
FTSE 100 / Dec 13	8,323.68
Germany DAX 30 / Dec 13	20,507.55

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 12	17,585
Gold 10 Grams PKR / Dec 12	243,659.90
Petrol/Litre / Dec 13	252.10
Crude Oil USD/Barrel / Dec 13	70.10
Gold Spot USD/Ounce / Dec 13	2,685.25
Diesel/Litre / Dec 13	258.43

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 13 786 Investments Limited(786)	8.07 ▲ 1.00 (14.14%)
F.Credit & Inv / Dec 13 First Credit and Investment Bank Limited(FCIBL)	8.69 ▲ 1.00 (13.00%)
LSE Financial Serv. / Dec 13 LSE Financial Services Limited(LSEFSL)	15.14 ▲ 1.38 (10.03%)
United Brands / Dec 13 United Brands Limited(UBDL)	24.84 ▲ 2.26 (10.01%)
Arpak Int. / Dec 13 Arpak International Investments Ltd.(ARPAK)	76.32 ▲ 6.94 (10.00%)
Biafo Ind. / Dec 13 Biafo Industries Limited(BIFO)	190.43 ▲ 17.31 (10.00%)
Data Agro / Dec 13 Data Agro Limited(DAAG)	104.61 ▲ 9.51 (10.00%)
Fecto Cement / Dec 13 Fecto Cement Limited(FECTC)	120.47 ▲ 10.95 (10.00%)
Honda Atlas Cars / Dec 13 Honda Atlas Cars (Pakistan) Limited(HCAR)	336.11 ▲ 30.56 (10.00%)

Stock	Price
First Capital Equities / Dec 13 First Capital Equities Limited(FCEL)	5 ▼ -0.76 (-13.19%)
Blue-Ex Ltd / Dec 13 Blue-Ex Limited (GEM)(GEMBLUEX)	32.99 ▼ -3.66 (-9.99%)
Crescent Fib. / Dec 13 Crescent Fibres Limited(CFL)	39.60 ▼ -4.37 (-9.94%)
Mughal Energy / Dec 13 Mughal Energy Limited(GEM)(GEMMEL)	21 ▼ -1.65 (-7.28%)
First AL-Noor Mod. / Dec 13 First Al-Noor Modaraba(FANM)	3.25 ▼ -0.24 (-6.88%)
First Elite Cap.Mod / Dec 13 First Elite Capital Modaraba(FECM)	6.45 ▼ -0.45 (-6.52%)
Haseeb Waqas / Dec 13 Haseeb Waqas Sugar Mills Limited(HWQS)	12.01 ▼ -0.83 (-6.46%)
Askari Bank / Dec 13 Askari Bank Limited(AKBL)	37.95 ▼ -2.54 (-6.27%)
K.S.B.Pumps / Dec 13 KSB Pumps Company Limited(KSBP)	151 ▼ -9.98 (-6.20%)

Stock	Volume
WorldCall Telecom / Dec 13 Worldcall Telecom Limited(WTL)	232,925,553 ▲ 0.00
Cnergyico PK / Dec 13 Cnergyico PK Limited(CNERGY)	80,186,381 ▼ -0.15
Pak Int.Bulk / Dec 13 Pakistan International Bulk Terminal(PIBTL)	74,486,718 ▲ 0.62
K-Electric Ltd. / Dec 13 K-Electric Limited(KEL)	59,689,845 ▲ 0.01
Fauji Foods Ltd / Dec 13 Fauji Foods Limited(FFL)	49,273,861 ▼ -0.02
Treet Corp / Dec 13 Treet Corporation Limited(TREET)	47,769,130 ▲ 2.23
Lotte Chemical / Dec 13 Lotte Chemical Pakistan Limited(LOTCHEM)	45,989,291 ▼ -1.21
Sui South Gas / Dec 13 Sui Southern Gas Company Limited(SSGC)	38,442,527 ▼ -1.01
Power Cement / Dec 13 Power Cement Limited(POWER)	37,446,103 ▲ 0.60

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