US House votes to avert default, setting up Senate showdown WASHINGTON: US lawmakers voted Wednesday to raise the national borrowing limit as a crucial first step to averting a... Published 02 Jun, 2023 03:56am
Russia says US accessed thousands of Apple phones in spy plot MOSCOW: Russia’s Federal Security Service (FSB) said on Thursday it had uncovered a US National Security Agency... Published 02 Jun, 2023 03:56am
Number of cellular subscribers, teledensity in April: PTA ISLAMABAD: The number of cellular subscribers, broadband penetration as well as teledensity declined in Pakistan... Published 02 Jun, 2023 03:56am
Political engineering will not bring any solution: JI chief LAHORE: Chief of Jamaat-e-Islami Sirajul Haq has said the political engineering would not bring any solution,... Published 02 Jun, 2023 03:56am
Punjab govt to set up separate directorate of milk: DG PFA LAHORE: The Punjab government is going to set up a separate directorate of milk which will devise a modern system of... Published 02 Jun, 2023 03:56am
Europe BRICS ministers put on show of strength as Putin arrest warrant looms large CAPE TOWN: BRICS foreign ministers on Thursday asserted their bloc’s ambition to rival Western powers but their... Published 02 Jun, 2023 03:56am
US imposes economic, visa sanctions over violence in Sudan WASHINGTON: The White House on Thursday announced economic and visa sanctions against Sudanese leaders responsible... Published 02 Jun, 2023 03:56am
Europe French supermarket CEO detained in stock manipulation probe PARIS: The head of a top French supermarket chain was taken into custody for questioning Thursday in an inquiry over... Published 02 Jun, 2023 03:56am
South Asia India, Nepal PMs pledge economic cooperation NEW DELHI: The leaders of India and Nepal pledged Thursday to enhance cooperation on energy and economic projects, ... Published 02 Jun, 2023 03:56am
Daughter says Qureshi refuses to change mind about Imran ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) vice chairman Shah Mahmood Qureshi on Thursday sent out a clear message to... Published 02 Jun, 2023 03:56am
PM to leave for Turkiye tomorrow ISLAMABAD: Prime Minister Shehbaz Sharif will travel to Turkiye to attend the inauguration ceremony of President... Published 02 Jun, 2023 03:56am
IK claims Khattak, Qaiser ‘in a safe house’ LAHORE: Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan has alleged that both Pervaiz Khattak and Asad Qaiser,... Published 02 Jun, 2023 03:56am
‘Microsoft Edu Day’ held: SAPM highlights significance of technology in education KARACHI: Fahd Haroon, Minister of State and Special Assistant to the Prime Minister of Pakistan on Public... Published 02 Jun, 2023 03:56am
The Weather KARACHI: The weather report on Thursday (June 01, 2023) and the forecast for Friday (June 02, 2023)... Published 02 Jun, 2023 03:56am
Rates Equities extend losses KARACHI: Pakistan Stock Exchange Thursday witnessed a mixed trend and after moving both ways, closed on a negative... Published 02 Jun, 2023 03:56am
PTI President Elahi arrested LAHORE: In a significant development, Chaudhry Pervaiz Elahi, President of Pakistan Tehreek-e-Insaf (PTI), was... Published 02 Jun, 2023 03:56am
Panel formed to resolve KP-GB tribal boundary row ISLAMABAD: The government has constituted a panel to resolve dispute between Khyber Pakhtunkhwa (KP) and Gilgit... Published 02 Jun, 2023 03:56am
Two soldiers martyred near Iran border RAWALPINDI: Two soldiers of the Pakistan Army on Thursday embraced martyrdom amid gallantly thwarting the... Published 02 Jun, 2023 03:56am
Gross financing, and medium-term economic strategy International Monetary Fund (IMF) Country Report No. 22/288, released in September 2022 – the last such report... Published 02 Jun, 2023 03:56am
IMF, Constitution & tax codes “The International Monetary Fund (IMF) on Monday urged Pakistan to follow the Constitution in order to resolve its... Published 02 Jun, 2023 03:56am
‘Thousand acres of desert lands transformed into cultivable farmland’ PESHAWAR: The Ambassador of Kazakhstan in Pakistan, Yerzhan Kistafin visited Samson Agri Farm Rangpur Muzaffargarh... Published 02 Jun, 2023 03:56am
APNS nominates Shamsi as chairman Sindh Committee KARACHI: The President, Nazafreen Saigol Lakhani and the Secretary General, Sarmad Ali of the All Pakistan ... Published 02 Jun, 2023 03:56am
CDWP clears 10 projects worth Rs114.5bn ISLAMABAD: The Central Development Working Party (CDWP) cleared a total of 10 projects with a combined value of Rs... Published 02 Jun, 2023 03:56am
Article 184(3) of Constitution: CJP hails govt’s plan to review, harmonise laws ISLAMABAD: Chief Justice Umar Ata Bandial appreciated the government’s plan to review and harmonise the laws... Published 02 Jun, 2023 03:56am
Defence body condemns terror incidents of May 9 ISLAMABAD: The Standing Committee on Defence on Thursday, while discussing the prevailing law and order situation,... Published 02 Jun, 2023 03:56am
Justice Iqbal takes oath as FSC CJ ISLAMABAD: Justice Iqbal Hameedur Rahman, on Thursday, took oath as the chief justice of the Federal Shariat Court... Published 02 Jun, 2023 03:56am
Naveed leaves for London to attend Conference KARACHI: Federal Commerce Minister Syed Naveed Qamar leaves for London to attend the Commonwealth Trade Ministers... Published 02 Jun, 2023 03:56am
Police directed to produce Khadija Shah today LAHORE: A division bench of the Lahore High Court on Thursday expressed its displeasure over the non-production of... Published 02 Jun, 2023 03:56am
Tax on undistributable reserves: disclosure in financial statements The issue under consideration is the accounting disclosure for the portion of the revenue reserves that are declared... Published 02 Jun, 2023 03:56am
Letters A seemingly beleaguered Imran Khan but… The President of Pakistan Tehreek-e-Insaf (PTI) and former chief minister of Punjab Chaudhry Pervez Elahi has been... Published 02 Jun, 2023 03:56am
PARTLY FACETIOUS: It was a big belly to big belly embrace “You gotta play your cards right in life.” “Agreed but sometime the cards that are dealt are not winning... Published 02 Jun, 2023 03:56am
Rates Activities of Karachi Port and Port Qasim KARACHI: The Karachi Port Trust handled 127,119 tonnes of cargo comprising 70,825 tonnes of import cargo and 56,294... Published 02 Jun, 2023 03:56am
Stocks China stocks wobble despite surprising factory growth SHANGHAI: China stocks gave up earlier gains on Thursday to close with a mixed bag, even after a private sector... Published 02 Jun, 2023 03:56am
Stocks European stocks rebound on easing inflation data PARIS: European stocks bounced back on Thursday as data on easing inflation sparked a debate on the need for further... Published 02 Jun, 2023 03:56am
Stocks Wall St rises on debt ceiling deal cheer NEW YORK: US stock indexes rose by midday trading on Thursday as investors cheered passage of a bill by lawmakers to... Published 02 Jun, 2023 03:56am
Rates LME official prices LONDON: The following were Wednesday official prices. ========================================= ALUMINIUM... Published 02 Jun, 2023 03:56am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (June 01, 2023)... Published 02 Jun, 2023 03:56am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Thursday (June 01, 2023). ======================================= Offset... Published 02 Jun, 2023 03:56am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 01, 2023).... Published 02 Jun, 2023 03:56am
Rates Revised Rates of Debt Securities KARACHI: The following were the revised rates of debt securities on Thursday (June 01, 2023).... Published 02 Jun, 2023 03:56am
Rates Cross Transactions between Client to Client & Financial Institutions KARACHI: The following were the cross transactions between client to client & financial institutions here on... Published 02 Jun, 2023 03:56am
Rates Member to Member KARACHI: The following transactions member to member subsequently reported on Thursday (June 01, 2023).... Published 02 Jun, 2023 03:56am
Stocks NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL) KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on... Published 02 Jun, 2023 03:56am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (June 01, 2023). ==================================== BR... Published 02 Jun, 2023 03:56am
Rates BOARD MEETINGS KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange.... Published 02 Jun, 2023 03:56am
Stocks Last date of renunciation/payment KARACHI: Last dates of renunciation/payment.... Published 02 Jun, 2023 03:56am
Rates Proposed right issues KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange.... Published 02 Jun, 2023 03:56am
Stocks Dates of Closure of Books & Annual General Meetings KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ... Published 02 Jun, 2023 03:56am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Thursday (June 01, 2023). ========================== KIBOR... Published 02 Jun, 2023 03:56am
Rates LIBOR interbank offered rates LONDON: London Interbank Offered Rates (LIBOR) on Thursday (June 01, 2023).... Published 02 Jun, 2023 03:56am
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 02 Jun, 2023 03:56am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (June 01,... Published 02 Jun, 2023 03:56am
Russia, Iran: B2B barter trade comes into effect ISLAMABAD: Ministry of Commerce on Thursday issued Statuary Regulatory Order (SRO), allowing barter trade with Iran,... Updated 02 Jun, 2023 01:05pm
KE, Oracle Power intent to relocate Thar coal-based plant ISLAMABAD: K-Electric (KE) and M/s Oracle Power PLC have indicated their intent to relocate Thar coal-based 1320-MW... Updated 02 Jun, 2023 09:11am
IMF procrastination: MoS Aisha says there is no ‘Plan-B’ Minister of State for Finance says agreement on 9th review was delayed because IMF is not ready to reduce external financing requirement to $3 billion Updated 02 Jun, 2023 09:04am
Jul-Apr: FBR suffers Rs428bn shortfall ISLAMABAD: The revenue shortfall of the Federal Board of Revenue (FBR) has reached Rs 428 billion during July-April... Updated 02 Jun, 2023 09:08am
Inflation rockets to 38pc amid economic slide ISLAMABAD: The Consumer Price Index (CPI)-based inflation increased to 38 percent on a year-on-year basis in May... Updated 02 Jun, 2023 09:07am
IMC team meets PM to showcase first locally-made Toyota Corolla Cross HEV ISLAMABAD: A delegation from Indus Motor Company, led by Vice Chairman Shinji Yanagi and Chief Executive Ali Asghar... Updated 02 Jun, 2023 12:42pm
May 9 mayhem: Teams of Cabinet members, MPs to be sent abroad ISLAMABAD: The federal government has decided to dispatch small delegations of Cabinet members and parliamentarians... Updated 02 Jun, 2023 09:06am
‘Hate mongers, perpetrators and their facilitators’ TV channels barred from carrying out coverage ISLAMABAD: The Pakistan Electronic Media Regulatory Authority (Pemra) has barred the television channels from... Updated 02 Jun, 2023 09:07am
May 9, political situation: FO rejects statements by western states, IMF ISLAMABAD: Foreign Office on Thursday disapproved the statements coming from certain Western countries, including... Updated 02 Jun, 2023 09:09am
SMEs facing grueling challenge of acting as WHT agents ISLAMABAD: The Small and Medium Enterprises (SMEs) in Pakistan are facing the biggest challenge ie, to operate as... Updated 02 Jun, 2023 09:06am
Debit, credit cards: ECAP suggests 10pc tax on shopping abroad KARACHI: Exchange Companies of Pakistan (ECAP) Chairman Malik Muhammad Bostan Thursday suggested early imposition of... Updated 02 Jun, 2023 12:07pm
Commodities Gold prices fall sharply KARACHI: Gold prices on Thursday nosedived on the local market, traders said. Gold lost its value by Rs5400 to... Published 02 Jun, 2023 03:56am
Energy Ogra slashes price of domestic LPG cylinder ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA), on Thursday, slashed the price of domestic 11.8 kg LPG... Published 02 Jun, 2023 03:56am
Energy SNGPL announces to have UFG reduced by 128pc ISLAMABAD: The Sui Northern Gas Pipeline Limited (SNGPL) announced to have unaccounted for gas (UFG) reduced by 128... Published 02 Jun, 2023 03:56am
Cotton & Textile APTMA praises CM Punjab for successful cotton campaign KARACHI: All Pakistan Textile Mills Association (APTMA) extends its compliments to the Chief Minister of Punjab Syed... Published 02 Jun, 2023 03:56am
Commodities Ivory Coast rubber exports fall ABIDJAN: Ivory Coast exported 434,702 tonnes of natural rubber from January to April, down 3.2% from the same period... Published 02 Jun, 2023 03:56am
Commodities Japanese rubber futures end steady SINGAPORE: Japanese rubber futures opened flat on Thursday amid mixed signals from Asian factory activity data this... Published 02 Jun, 2023 03:56am
Commodities Vietnam coffee trading subdued, prices rising on tight supply HANOI: Coffee trading in Vietnam remains sluggish and exporters in Indonesia are fighting for beans due to a... Published 02 Jun, 2023 03:56am
Commodities Dalian, Singapore iron ore up on stimulus hopes BEIJING: Dalian and Singapore iron ore futures hit the highest in more than a week on Thursday, as investor ... Published 02 Jun, 2023 03:56am
Commodities ICE canola futures easier WINNIPEG, (Manitoba): ICE canola futures fell on Wednesday to contract lows, pressured by technical selling and a... Published 02 Jun, 2023 03:56am
Energy US natgas futures drop on record output NEW YORK: US natural gas futures dropped about 4% on Thursday on record US output and rising exports from Canada.... Published 02 Jun, 2023 03:56am
Cotton & Textile Trade activity improves on cotton market LAHORE: The local cotton market on Thursday remained steady and the trading volume remained satisfactory. Cotton... Published 02 Jun, 2023 03:56am
Commodities PMEX daily trading report KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 17.246... Published 02 Jun, 2023 03:56am
Commodities Asia rice: Indian rates recover slightly MUMBAI/HANOI /BANGKOK/DHAKA: Prices of rice exported from top hub India edged higher this week from a near six-month... Published 02 Jun, 2023 03:56am
Commodities Base metals shine on upbeat China data LONDON: Base metals prices rose in London on Thursday, supported by unexpected growth in factory activity in top... Published 02 Jun, 2023 03:56am
Energy Oil jumps 3pc on US debt ceiling progress BENGALURU: Oil prices rose more than $2 a barrel on Thursday on hopes for a pause in US interest rate hikes and... Published 02 Jun, 2023 03:56am
Commodities Palm oil ends higher after three-day slump KUALA LUMPUR: Malaysian palm oil futures rose on Thursday after logging a third consecutive monthly decline in the... Published 02 Jun, 2023 03:56am
Forex reserves fall by $218m KARACHI: The country’s total foreign exchange reserves further decreased by $ 218 million during the last week.... Published 02 Jun, 2023 03:56am
OPEC+ unlikely to deepen oil supply cuts LONDON/DUBAI: OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite ... Published 02 Jun, 2023 03:56am
Agri sector: PM orders formation of sub-committees to finalise budget proposals ISLAMABAD: Prime Minister Shehbaz Sharif has directed to form two sub-committees to finalise the budget proposals... Published 02 Jun, 2023 03:56am
Deepening political crisis EDITORIAL: Wise political players in functioning democracies create conditions for mutually acceptable ... Published 02 Jun, 2023 03:56am
The economic impasse EDITORIAL: Prime Minister Shehbaz Sharif has set up a nine-member committee under the chairmanship of Defense... Published 02 Jun, 2023 03:56am
Dar, IIA discuss budgetary proposals ISLAMABAD: Federal Minister for Finance and Revenue Senator Ishaq Dar held a meeting with a delegation from ... Published 02 Jun, 2023 03:56am
Taxes Unlawful tax recovery from Iesco: FTO orders probe against officials of LTO Islamabad ISLAMABAD: The Federal Tax Ombudsman (FTO) has ordered an investigation against the tax officials of the Large... Published 02 Jun, 2023 03:56am
Govt to relieve salaried class & businessmen in budget: Kaira LAHORE: Advisor to Prime Minister for Kashmir and Gilgit Baltistan Affairs Qamar-uz-Zaman Kaira said on Thursday ... Published 02 Jun, 2023 03:56am
Continuation of IMF Programme: LCCI urges govt to take measures LAHORE: Senior Vice President of the Lahore Chamber of Commerce and Industry (LCCI), Zafar Mahmood Chaudhry has ... Published 02 Jun, 2023 03:56am
Climate change issues: Pakistan cannot afford around 9pc GDP losses: Sherry ISLAMABAD: Federal Minister for Climate Change Senator Sherry Rehman has said that Pakistan cannot afford around ... Published 02 Jun, 2023 03:56am
Failure to bring in forex proceeds within stipulated time: TMA rejects RRMC’s tax imposition proposal KARACHI: Syed Usman Ali, Senior Vice Chairman of the Towel Manufacturers Association of Pakistan has expressed deep... Published 02 Jun, 2023 03:56am
May cement despatches rise 19.41pc to 3.96m tons YoY LAHORE: Cement despatches increased by 19.41 percent in May 2023 as total despatches during May 2023 were 3.966... Published 02 Jun, 2023 03:56am
Industry Pakistan, Azerbaijan to enhance, diversify trade, cooperation ISLAMABAD: Pakistan and Azerbaijan have agreed to enhance and diversify bilateral trade and expand cooperation in... Published 02 Jun, 2023 03:56am
Industry Trade delegation visits Vietnam: There exists untapped potential to expand bilateral trade KARACHI: Irfan Iqbal Sheikh, President FPCCI has said that there is a huge but untapped potential exists to expand... Published 02 Jun, 2023 03:56am
Money & Banking Customers’ satisfaction: Banking industry investing in technological upgrades: SBP governor KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad Thursday said Pakistan’s banking industry is investing... Published 02 Jun, 2023 03:56am
Industry PCFR hosts breakfast meeting with ICCIA secretary general KARACHI: Pakistan Council on Foreign Relations (PCFR) - a Karachi-based think tank hosted a breakfast meeting with... Published 02 Jun, 2023 03:56am
Money & Banking Euro up after Lagarde promises rate hike WASHINGTON: The euro recovered from a two-month low Thursday after European Central Bank (ECB) President Christine... Published 02 Jun, 2023 03:56am