News Archives for Print - 2024-01-05

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Print - 2024-01-05

Private sector funding key to climate transition, WB chief says

WASHINGTON: The World Bank is working to slash how long it takes to get financing projects off the ground as part of...

Published 05 Jan, 2024 03:12am

Death toll rises as bombing of Gaza continues

GAZA STRIP: Israeli bombing killed dozens of people in besieged Gaza, the health ministry of the Hamas-run...

Published 05 Jan, 2024 03:12am

Solidarity expressed with Iran

ISLAMABAD: Caretaker Foreign Minister Jalil Abbas Jillani on Thursday spoke to the Foreign Minister of Iran, Hossein...

Published 05 Jan, 2024 03:12am

Civil society demands govt criminalise child labour in domestic work

KARACHI: Human rights, child rights, civil society activists, legal experts, independent human rights institutions,...

Published 05 Jan, 2024 03:12am

Industry

PBF demands govt declare 2024 ‘the year of exports’

KARACHI: Pakistan Business Forum (PBF) demands that Federal Government may declare the 2024 year of exports for...

Published 05 Jan, 2024 03:12am

APNS offers condolence

KARACHI: Nazafreen Saigol Lakhani, President and Sarmad Ali, Secretary General of the All Pakistan Newspapers ...

Published 05 Jan, 2024 03:12am

Companies

ICT services: PTCL Group renews partnership with TPL Trakker

ISLAMABAD: Pakistan’s largest telecommunications and integrated ICT services provider, PTCL Group (PTCL & ...

Published 05 Jan, 2024 03:12am

Thar Foundation unveils ‘Portraits of Thar 2.0’

KARACHI: Thar Foundation, in collaboration with Thar Block II entities, unveiled the ‘Portraits of Thar 2.0’...

Published 05 Jan, 2024 03:12am

South Asia

Nepal signs hydro energy export deal with India

KATHMANDU: Nepal signed a deal with India on Thursday for the Himalayan republic to export 10,000 megawatts of...

Published 05 Jan, 2024 03:12am

Islamic State claims responsibility for Iran’s deadliest attack

DUBAI: Islamic State claimed responsibility on Thursday for two explosions that killed nearly 100 people and ...

Published 05 Jan, 2024 03:12am

PM for foreign policy guided by country’s vision

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday underscored the need for a foreign policy that...

Published 05 Jan, 2024 03:12am

SC says sections related to morality ‘fine-tuned by lawmakers’

ISLAMABAD: Chief Justice Qazi Faez Isa on Thursday said the clauses of morality in Articles 62 and 63 were imposed,...

Published 05 Jan, 2024 03:12am

Alvi approves ISJS reconstitution

ISLAMABAD: President Dr Arif Alvi on Thursday approved the reconstitution of the Islamabad Subordinate Judiciary...

Published 05 Jan, 2024 03:12am

Up to 300 units: PPP to provide free electricity, Bilawal

LAHORE: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto said on Thursday that the PPP would provide free of ...

Published 05 Jan, 2024 03:12am

Nov FCA: Discos’ tariff hiked by Rs4.13/unit

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has raised Discos tariffs by Rs 4.13 per unit for...

Published 05 Jan, 2024 03:12am

CDWP clears four projects worth Rs363.38bn

ISLAMABAD: The Central Development Working Party (CDWP) cleared four development projects of a total cost of ...

Published 05 Jan, 2024 03:12am

Weather conditions disrupt flights

KARACHI: Multiple flights in and out of Islamabad and Peshawar were diverted, cancelled, or rescheduled due to poor...

Published 05 Jan, 2024 03:12am

Commissioner orders effective polio drive in Hyderabad

HYDERABAD: Commissioner Hyderabad Syed Khalid Hyder Shah taking notice of one more environmental sample of polio...

Published 05 Jan, 2024 03:12am

No ban on coverage of IK, Pemra tells LHC

LAHORE: The Pakistan Electronic Media Regulatory Authority (Pemra) on Thursday told the Lahore High Court that there...

Published 05 Jan, 2024 03:12am

PFA imposes fine on 13 fast food restaurants

LAHORE: The Punjab Food Authority (PFA) on Thursday imposed a collective fine of Rs 226,000 on 13 well known fast...

Published 05 Jan, 2024 03:12am

PITB unveils national expansion plan for entrepreneurial ecosystem

LAHORE: Punjab Information Technology Board (PITB) Chairman Faisal Yousaf has said that the objective of National...

Published 05 Jan, 2024 03:12am

Red Sea: SMAP, PNSC officials discuss security concerns

KARACHI: Qasim Yaqoob Paracha, Acting Chairman of the Salt Manufacturers Association of Pakistan (SMAP), met with ...

Published 05 Jan, 2024 03:12am

Articles 62, 63 of constitution aimed at ensuring transparency in politics: JI

LAHORE: Chief of Jamaat-e-Islami Siraj ul Haq has emphasized that articles 62 and 63 of the constitution ensure...

Published 05 Jan, 2024 03:12am

Toshakhana case: Indictment of IK, Bushra Bibi adjourned till tomorrow

ISLAMABAD: An Accountability Court on Thursday deferred the indictment of Pakistan Tehreek-e-Insaf (PTI) founder and...

Published 05 Jan, 2024 03:12am

Bilawal to address over 30 rallies, public gatherings across all provinces

ISLAMABAD: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto-Zardari will hold more than 30 rallies and public...

Published 05 Jan, 2024 03:12am

Light rain likely today

KARACHI: Districts in upper Sindh are likely to experience isolated light rain as foggy, dry and cold weather may...

Published 05 Jan, 2024 03:12am

NAB references: IHC restores 10-year disqualification period for convicts sentenced by courts

ISLAMABAD: The Islamabad High Court (IHC) on Thursday restored the 10-year disqualification period for the convicts...

Published 05 Jan, 2024 03:12am

LHC rejects plea seeking restoration of bat as PTI’s election symbol

LAHORE: The Lahore High Court (LHC) on Thursday rejected the plea of a PTI activist seeking the restoration of bat ...

Published 05 Jan, 2024 03:12am

Gohar says IK never criticized CJP

ISLAMABAD, Jan 04: The chairman Pakistan Tehreek-e-Insaf (PTI) Gohar Ali Khan on Thursday said that former Prime...

Published 05 Jan, 2024 03:12am

Seminar held at LCCI ‘Natural’ medicines can help cure various diseases: experts

LAHORE: “The best active lifestyle, food supplements and natural medicines can be helpful in preventing many...

Published 05 Jan, 2024 03:12am

Seminar discusses role of PRMI

ISLAMABAD: Representatives from across Pakistan gathered here on Thursday for an enlightening seminar organised by...

Published 05 Jan, 2024 03:12am

Training of electoral staff yet to complete

ISLAMABAD: Slightly above half of almost one million electoral staff have only completed their preparatory training...

Published 05 Jan, 2024 03:12am

Agri sector: Punjab takes steps to protect women employees’ rights

LAHORE: Agriculture Department, Punjab is taking all possible measures to ensure the protection of the rights of...

Published 05 Jan, 2024 03:12am

Governor praises role of business community

LAHORE: Punjab Governor Muhammad Balighur Rehman, while acknowledging the role of business community in the...

Published 05 Jan, 2024 03:12am

Governor-CM meeting: Naqvi vows to help improve air quality in Lahore

LAHORE: Caretaker Punjab Chief Minister Mohsin Naqvi met Punjab Governor Muhammad Balighur Rehman here at Governor...

Published 05 Jan, 2024 03:12am

Passengers coming from abroad: Govt decides to conduct Covid testing

ISLAMABAD: Following the emergence of a new variant, JN-I, of Covid-19 globally, the government of Pakistan has...

Published 05 Jan, 2024 03:12am

Setting up of ‘Telecommunication Appellate Tribunal’ notified

ISLAMABAD: The government has notified the establishment of Telecommunication Appellate Tribunal – a long-standing...

Published 05 Jan, 2024 03:12am

PPC, CrPC: KP caretaker cabinet approves draft amendments

PESHAWAR: The Khyber Pakhtunkhwa caretaker cabinet approved the draft of an Ordinance amending various sections of...

Published 05 Jan, 2024 03:12am

The Weather

KARACHI: The weather report on Thursday (January 04, 2024) and the forecast for Friday (January 05, 2024)...

Published 05 Jan, 2024 03:12am

Rates

Equities inch down

KARACHI: Pakistan Stock Exchange on Thursday witnessed a mixed trend and after moving in both directions, closed on...

Published 05 Jan, 2024 03:12am

PARTLY FACETIOUS: ‘Power talks to power’

“Yet another myth has been debunked.” “Which one are you referring to? That Nawaz Sharif can win an election...

Published 05 Jan, 2024 03:12am

Planning a non-austerity, pro-growth IMF programme

In its April 2023 flagship World Economic Outlook (WEO) report, the International Monetary Fund (IMF) pointed out...

Published 05 Jan, 2024 03:12am

Withholding tax system: automation

The economic topography of nations depends heavily on a robust revenue system, akin to the lifeblood sustaining its...

Published 05 Jan, 2024 03:12am

Letters

Bilawal’s egalitarian approach to politics

Pakistan People’s Party chairman Bilawal Bhutto Zardari’s post on ‘X’ (formerly Twitter) yesterday makes an...

Published 05 Jan, 2024 03:12am

Stocks

Wall St climbs on financials boost

NEW YORK: Wall Street rose on Thursday, boosted by gains in financial stocks, while strong jobs data prompted...

Published 05 Jan, 2024 03:12am

Stocks

European shares bounce back from three-week lows

PARIS: European shares recouped some losses on Thursday after hitting three-week lows in the previous session, with...

Published 05 Jan, 2024 03:12am

Stocks

China stocks fall on macroeconomic factors

SHANGHAI: Chinese stocks closed down on Thursday dragged by liquor companies’ shares, as investors remained ...

Published 05 Jan, 2024 03:12am

Stocks

Financials, energy lead rebound in Indian shares after fall

BENGALURU: India’s benchmark indexes bounced back after a two-session drop on Thursday, led by financials on ...

Published 05 Jan, 2024 03:12am

Stocks

Tokyo’s Nikkei ends lower on year’s first trading day

TOKYO: Tokyo’s benchmark Nikkei 225 index closed lower on Thursday, Japan’s first trading day of 2024, as the...

Published 05 Jan, 2024 03:12am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 82,484 tonnes of cargo comprising 45,235 tonnes of import cargo and 37,249...

Published 05 Jan, 2024 03:12am

Energy

Oil falls on massive US fuel inventory builds

LONDON: Oil prices fell 2% on Thursday, largely unwinding an earlier rally, as massive weekly gasoline and ...

Published 05 Jan, 2024 03:12am

Energy

US natural gas prices rise

NEW YORK: US natural gas futures climbed about 4% to a one-month high on Thursday on a drop in daily output and...

Published 05 Jan, 2024 03:12am

Rates

LME official prices

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

Published 05 Jan, 2024 03:12am

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 05 Jan, 2024 03:12am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (January 04, 2024). ========================== KIBOR...

Published 05 Jan, 2024 03:12am

Forex

Open market rates of foreign currencies

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

Published 05 Jan, 2024 03:12am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (January 04, 2024). ======================== Open Bid...

Published 05 Jan, 2024 03:12am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (January 04, 2024)....

Published 05 Jan, 2024 03:12am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 04, 2024)....

Published 05 Jan, 2024 03:12am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (January 04, 2024)...

Published 05 Jan, 2024 03:12am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (January 04, 2024). ======================================= Offset...

Published 05 Jan, 2024 03:12am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (January 04, 2024). ==================================== BR...

Published 05 Jan, 2024 03:12am

Cotton & Textile

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Thursday (January 04, 2024) ============================= 6/S-7/S (COTTON)...

Published 05 Jan, 2024 03:12am

German car sales up but electric models lose ground

BERLIN: Sales of new cars in Germany increased in 2023, official data showed Thursday, but an end to government...

Published 05 Jan, 2024 03:12am

Challenges to SDGs implementation agenda reviewed

ISLAMABAD: The National Economic Council (NEC) Sub-Committee on Sustainable Development Goals (SDGs) emphasised the...

Updated 05 Jan, 2024 01:08pm

Team reaches UAE to remove bottlenecks

ISLAMABAD: Pakistan’s key team comprising caretaker Minister for Commerce and Industries, Gohar Ijaz has reached...

Updated 05 Jan, 2024 09:17am

Mega road network project: Chinese investment dependent on political stability

ISLAMABAD: Chinese companies are interested in investing in mega road network project depending on political...

Updated 05 Jan, 2024 09:14am

Forex

Forex reserves hit 23-week high

KARACHI: The State Bank of Pakistan (SBP) foreign exchange reserves recorded a notable increase of $ 1.3 billion...

Published 05 Jan, 2024 03:12am

PM brings role of SIFC under the Gulf focus

Pakistan desires to expand bilateral cooperation across all spheres, particularly trade and investment, says Caretaker Prime Minister Anwaar-ul-Haq Kakar

Updated 05 Jan, 2024 02:12pm

FBR develops new tool for retailers

ISLAMABAD: The Federal Board of Revenue (FBR) has developed a new software for taxation of retailers under the new...

Updated 05 Jan, 2024 02:27pm

Price of gas to Fatima, Agritech: Ministry seeks ECC’s approval for upward revision

ISLAMABAD: The Ministry of Energy has sought the approval of the Economic Coordination Committee (ECC) of the...

Updated 05 Jan, 2024 09:22am

Hydropower, transmission: Major projects face rupee cover issue

ISLAMABAD: Major hydropower and transmission line projects are reportedly facing Rupee cover issues due to less...

Updated 05 Jan, 2024 08:45am

Gas shortages in Sindh becoming increasingly acute

ISLAMABAD: The gas crisis continued to worsen as the Sui Southern Gas Company Limited (SSGC) was compelled to...

Updated 05 Jan, 2024 09:34am

PM urged to help resolve issues facing Karachi’s industry

ISLAMABAD: Karachi’s business community and industrialists have sought caretaker prime minister’s help for...

Updated 05 Jan, 2024 10:39am

Governance, basic services in KP: Senate panel to probe $44m MAGP-II

ISLAMABAD: A Senate panel on Thursday decided to investigate the $44 million Merged Areas Governance Programme...

Updated 05 Jan, 2024 09:13am

FTO asks FBR not to file writ petitions against its orders

ISLAMABAD: The Federal Tax Ombudsman (FTO) has asked the Federal Board of Revenue (FBR) not to file writ petitions...

Updated 05 Jan, 2024 08:27am

Alhamra Arts Centre to host 11th Literary Festival

LAHORE: The 11th edition of the Lahore Literary Festival (LLF) is set to take center stage at the Alhamra Arts ...

Published 05 Jan, 2024 03:12am

Money & Banking

Bank Alfalah launches 1000th branch, surpasses Rs2trn deposits

KARACHI: Bank Alfalah Limited, one of the leading commercial banks in Pakistan, achieved two significant milestones...

Published 05 Jan, 2024 03:12am

State of democracy: a bleak picture

EDITORIAL: With the country on the cusp of holding general elections, the Pakistan Institute of Legislative...

Published 05 Jan, 2024 03:12am

Broadening tax net: will FBR win big?

EDITORIAL: For years, FBR (Federal Board of Revenue) has tried and failed to expand the tax base, leading to an...

Updated 05 Jan, 2024 12:02pm

Industry

PCJCCI underscores need for transforming industrial economy into digital economy

LAHORE: Moazzam Ghurki, President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has suggested to...

Published 05 Jan, 2024 03:12am

Businessman optimistic about business outlook

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and...

Published 05 Jan, 2024 03:12am

Commodities

Gold prices fall

KARACHI: Gold prices on Thursday further declined on the local market with silver also inching down, traders said....

Published 05 Jan, 2024 03:12am

Money & Banking

HABIBMETRO strengthens its digital presence thru Kuickpay

KARACHI: HABIBMETRO recently signed an agreement with Kuickpay to further enhance its digital presence and provide...

Published 05 Jan, 2024 03:12am

Money & Banking

US dollar slightly down

NEW YORK: The dollar slipped on Thursday after hitting two-week highs the day before as the positive impact of...

Published 05 Jan, 2024 03:12am

Money & Banking

Most Asian currencies fall

BENGALURU: Most Asian currencies declined on Thursday as investors reassessed their expectations of steep and early...

Published 05 Jan, 2024 03:12am

Commodities

Dalian iron ore extends gains as hopes of stimulus persist

BEIJING: Dalian iron ore futures extended their rise for the fourth consecutive session on Thursday, underpinned by...

Published 05 Jan, 2024 03:12am

Commodities

Malaysian palm oil futures rebound

SINGAPORE: Malaysian palm oil futures rose on Thursday, snapping four consecutive sessions of losses, underpinned by...

Published 05 Jan, 2024 03:12am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 25.476...

Published 05 Jan, 2024 03:12am

Commodities

Gold prices little changed as US payrolls loom

BENGALURU: Gold prices held steady on Thursday as investors braced for the US non-farm payrolls data that could...

Published 05 Jan, 2024 03:12am

Commodities

Japanese rubber futures dip

SINGAPORE: Japanese rubber futures snapped a six-day winning streak to end lower on Thursday as traders gauged...

Published 05 Jan, 2024 03:12am

Commodities

Aluminium slides on easing supply

LONDON: Aluminium prices slumped on Thursday as raw material supply concerns eased and investor optimism over early...

Published 05 Jan, 2024 03:12am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (December 04, 2024)...

Published 05 Jan, 2024 03:12am

Cotton & Textile

Selective buying on cotton market

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

Published 05 Jan, 2024 03:12am

Industry

Goods-laden trucks: officials, businessmen reach agreement

PESHAWAR: Members of the business community and officials concerned on Thursday agreed over expediting crossover of...

Published 05 Jan, 2024 03:12am

Companies

Karandaaz launches WeHub

ISLAMABAD: Karandaaz successfully conducted specialised training sessions, in collaboration with DEMO, to train 145...

Published 05 Jan, 2024 03:12am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	155.74
USD to Swiss Franc / Jan 17	0.91
Pound Sterling to USD / Jan 17	1.22

Stock	Volume
S&P 500 / Jan 16	5,937.34
Nasdaq / Jan 16	19,338.29
Dow Jones / Jan 16	43,153.13
India Sensex / Jan 17	76,671.81
Tokyo Nikkei / Jan 17	38,451.46
Hang Seng / Jan 17	19,567.81
FTSE 100 / Jan 17	8,477.94
Germany DAX 30 / Jan 17	20,852.83

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 16	18,785
Gold 10 Grams PKR / Jan 16	241,941
Crude Oil USD/Barrel / Jan 17	79.09
Gold Spot USD/Ounce / Jan 17	2,713.02
Cotton US¢/pound / Jan 17	67.05
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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