News Archives for Print - 2024-01-12

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Print - 2024-01-12

DRAP recalls syrup after detection of ‘poisonous impurities’

ISLAMABAD: Following the detection of “poisonous impurities,” the Drug Regulatory Authority of Pakistan (DRAP)...

Published 12 Jan, 2024 04:09am

‘We lost hope’: ravaged Gaza nears 100 days of war

GAZA STRIP: Bombed-out neighbourhoods, mass graves dug in the sand, spreading hunger and disease — as the bloodiest...

Updated 12 Jan, 2024 10:33am

Europe

Ukraine builds barricades, digs trenches as focus shifts to defence

NEAR KUPIANSK (Ukraine): Rows of white concrete barricades and coils of razor wire stretch across an open field for...

Published 12 Jan, 2024 03:06am

Papua New Guinea declares state of emergency after deadly riots

PORT MORESBY: Papua New Guinea’s prime minister declared a 14-day state of emergency in the capital on Thursday,...

Published 12 Jan, 2024 03:06am

Extreme weather and misinformation top global risks at Davos

NEW YORK: Risk specialists see extreme weather and misinformation as most likely to trigger a global crisis in the...

Published 12 Jan, 2024 03:06am

USA

Trump’s lawyer calls fraud case ‘manufactured,’ as judge faces threat

NEW YORK: Donald Trump’s lawyer argued on Thursday that a New York civil fraud case that threatens the former US...

Published 12 Jan, 2024 03:06am

Middle East

Iran seizes oil tanker in Gulf of Oman

DUBAI: Iran seized a tanker with Iraqi crude destined for Turkey on Thursday in retaliation for the confiscation ...

Published 12 Jan, 2024 03:06am

Maersk to use rail to bypass Panama Canal amid drought

COPENHAGEN: A.P. Moller-Maersk will use trains to avoid the drought-hit Panama Canal for some of its vessels, the...

Published 12 Jan, 2024 03:06am

South Asia

Two killed in third deadly Kabul explosion in less than a week

KABUL: Two people were killed and 12 wounded in an explosion in western Kabul on Thursday, police said, in the third...

Published 12 Jan, 2024 03:06am

South Asia

Hasina sworn in as Bangladesh PM for fifth term

DHAKA: Bangladeshi Prime Minister Sheikh Hasina was sworn in for a fifth term on Thursday after a landslide victory...

Published 12 Jan, 2024 03:06am

South Asia

China and Maldives upgrade ties with infrastructure deals

BEIJING: China pledged to protect the Maldives’ “sovereignty” and agreed to upgrade ties with the strategic...

Published 12 Jan, 2024 03:06am

USA

US inflation picks up on bumpy path to cool price gains

WASHINGTON: Consumer inflation in the United States rose more than anticipated in December, government data showed...

Published 12 Jan, 2024 03:06am

An anatomy of economic clichés/mantras of 2023—I

Last three months of 2023 have witnessed an avalanche of economic annual meetings, conferences, economic fest and...

Published 12 Jan, 2024 03:06am

Names of almost all candidates finalised by PML-N

LAHORE: Pakistan Muslim League-Nawaz (PML-N) has finalised the names of party candidates for February 8 general...

Published 12 Jan, 2024 03:06am

KP Sports Minister meets Zaka

LAHORE: The Khyber Pakhtunkhwa caretaker Minister for Sports, Youth Affairs and Science and Information Technology ...

Published 12 Jan, 2024 03:06am

HRW slams ‘hypocrisy’ of world leaders

UNITED NATIONS: Human rights are not luxuries, nor can they be bypassed in the national interest, the head of Human...

Published 12 Jan, 2024 03:06am

The Weather

KARACHI: The weather report on Thursday (January 11, 2024) and the forecast for Friday (January 12, 2024)...

Published 12 Jan, 2024 03:06am

ST issue: OTCA threatens to go on strike

ISLAMABAD: All Pakistan Oil Tankers Contractors Association (OTCA) on Thursday warned the Punjab Revenue Authority...

Published 12 Jan, 2024 03:06am

Industry

PALSP urges PM to help release incremental subsidy

ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) strongly protests over the stark disparity ...

Published 12 Jan, 2024 03:06am

PM to attend WEF annual meeting in Davos next week

ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar will embark on a five-day visit on 15th January to Davos,...

Published 12 Jan, 2024 03:06am

UK issues travel advisory for KP areas

ISLAMABAD: The British Foreign, Commonwealth and Development Office (FCDO), on Thursday, advised all British...

Published 12 Jan, 2024 03:06am

Letters

Solar is solution

I am writing to advocate for a noble initiative that could significantly benefit our communities — urging solar...

Published 12 Jan, 2024 03:06am

PARTLY FACETIOUS: Swinging yorker or swinging voter?

“I am a swing voter and…” “Isn’t that against the spirit of…” “Don’t bring religion into it.”...

Published 12 Jan, 2024 03:06am

CIP Lounge opened

ISLAMABAD: Islamabad International Airport inaugurated one of its CIP Lounges operated by Serena Hotels. It is a...

Published 12 Jan, 2024 03:06am

Cipher case: Proceedings after Dec 14 ‘of no legal consequences’: IHC

ISLAMABAD: The Islamabad High Court (IHC), Thursday, declared all the proceedings in the cipher case after December...

Published 12 Jan, 2024 03:06am

President accepts Justice Naqvi’s resignation

ISLAMABAD: President Dr Arif Alvi on Thursday accepted the resignation of Supreme Court Judge Sayyed Mazahar Ali...

Published 12 Jan, 2024 03:06am

‘Bat’ symbol: PHC to hear contempt plea against ECP today

PESHAWAR: The Pakistan Tehreek-e-Insaf (PTI) on Thursday filed a contempt of court petition against the Election...

Published 12 Jan, 2024 03:06am

Interest-free green loans to be offered to university students to buy ebikes

LAHORE: The Government of Punjab, Transport Department, held a launch ceremony on January 9 to introduce exciting...

Published 12 Jan, 2024 03:06am

CS orders digitizing record of all development authorities

LAHORE: Chief Secretary Punjab Zahid Akhtar Zaman has directed that the records of all development authorities be...

Published 12 Jan, 2024 03:06am

Health dept on high alert after rise in pneumonia cases

LAHORE: Following surge in Pneumonia cases among the children in Punjab, the provincial health department has issued...

Published 12 Jan, 2024 03:06am

Oil tanker crash spills 10,000-liter of fuel in Sadiqabad

SADIQABAD: An oil tanker carrying 10,000 litres of spirit fuel overturned near Taj Chowk Bypass Road in Sadiqabad on...

Published 12 Jan, 2024 03:06am

‘First Cloud Policy’ approved: Punjab cabinet allows wheat allocations for KPK, Balochistan

LAHORE: The caretaker Punjab cabinet, which met with Chief Minister Mohsin Naqvi in the chair, endorsed the request...

Published 12 Jan, 2024 03:06am

HG1 garlic production: Senate body directs NARC to support growers

LAHORE: The Senate Standing Committee on Commerce has directed the National Agriculture Research Centre (NARC), the...

Published 12 Jan, 2024 03:06am

Team Pakistan eying T20I series win against New Zealand

LAHORE: Pakistan are set to face New Zealand in a five-match T20I series, with the first match scheduled to be ...

Published 12 Jan, 2024 03:06am

Fesco electrifies 108 villages in Dec

FAISALABAD: Faisalabad Electric Supply Company (FESCO) has electrified 108 villages in its region during the month ...

Published 12 Jan, 2024 03:06am

Minister says all parties should present vision for better economic future

ISLAMABAD: Caretaker Federal Minister for Information, Broadcasting and Parliamentary Affairs Murtaza Solangi said ...

Published 12 Jan, 2024 03:06am

Early completion of digitalised records ordered

KARACHI: Sindh Caretaker Minister of Revenue, Industries and Commerce Muhammad Younus Dagha on Thursday directed the...

Published 12 Jan, 2024 03:06am

SSGC announces 48-hour gas holiday for all industries

KARACHI: Sui Southern Gas Company (SSGC) has announced 48-hours gas holiday for all industries including their power...

Published 12 Jan, 2024 03:06am

Senate body to decide PSM’s fate within 3 months

ISLAMABAD: Senate Standing Committee on Industries and Production directed Ministry of Industries and Production to...

Published 12 Jan, 2024 03:06am

Experts underscore need for unified response to deal with health sector challenges

ISLAMABAD: Top health experts from around the world on Thursday stressed the need for a unified response and...

Published 12 Jan, 2024 03:06am

Global economic outlook 2024

By unlocking big, bold investments, we can drive sustainable development and climate action and put the global...

Published 12 Jan, 2024 03:06am

Existential threats, elections, and economic policy

‘As we enter 2024, results of the Forum’s Global Risks Perception Survey 2023-2024 (GRPS) highlight a predominantly...

Published 12 Jan, 2024 03:06am

ATC dismisses extension in physical remand of IK in 12 cases

RAWALPINDI: The Anti-Terrorism Court (ATC) on Thursday dismissed the police request to extend physical remand of...

Published 12 Jan, 2024 03:06am

CM Punjab desires laptop for every student

LAHORE: The caretaker Punjab Chief Minister Mohsin Naqvi, while extending congratulations to students receiving...

Published 12 Jan, 2024 03:06am

Islamabad Airport: Management of CIP lounge handed over to Serena Hotels

KARACHI: The Islamabad Airport authority has handed over the management of CIP lounge to Serena Hotels. The lounge...

Updated 12 Jan, 2024 08:03pm

PPP asks CEC to publish final lists of polling stations prior to polls

ISLAMABAD: Pakistan People’s Party (PPP) has written a letter to the chief election commissioner Pakistan to...

Published 12 Jan, 2024 03:06am

SAU convocation on 18th

HYDERABAD: The 12th Convocation of Sindh Agriculture University (SAU) will be held on January 18, and the Governor...

Published 12 Jan, 2024 03:06am

Toshakhana case: Statements of prosecution witnesses recorded against IK, spouse

RAWALPINDI: The Accountability Court on Thursday recorded the statements of four prosecution witnesses in Toshakhana...

Published 12 Jan, 2024 03:06am

Companies

MPCL announces gas discovery in North Waziristan

ISLAMABAD: Mari Petroleum Company Limited (MPCL) as the operator of Waziristan Block on Thursday announced a gas...

Updated 12 Jan, 2024 10:24am

There’s no intention to hold talks with TTP: FO

ISLAMABAD: The Foreign Office on Thursday explained that the government of Pakistan does not intend to hold talks...

Published 12 Jan, 2024 03:06am

Resignation accepted: SJC issues ‘intimation notice’ to former judge

ISLAMABAD: The Supreme Judicial Council (SJC) issued an intimation notice to Justice Sayyed Mazahar Ali Akbar Naqvi,...

Published 12 Jan, 2024 03:06am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (January 11, 2024). ==================================== BR...

Published 12 Jan, 2024 03:06am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (January 11, 2024). ======================================= Offset...

Published 12 Jan, 2024 03:06am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 11, 2024)....

Published 12 Jan, 2024 03:06am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (January 11, 2024)....

Published 12 Jan, 2024 03:06am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (January 11, 2024). ======================== Open Bid...

Published 12 Jan, 2024 03:06am

Forex

Open market rates of foreign currencies

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

Published 12 Jan, 2024 03:06am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (January 11, 2024). ========================== KIBOR...

Published 12 Jan, 2024 03:06am

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 12 Jan, 2024 03:06am

Rates

LME official prices

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

Published 12 Jan, 2024 03:06am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR18.329...

Published 12 Jan, 2024 03:06am

Commodities

Iron ore extends losses

BEIJING: Iron ore futures prices extended losses for a sixth consecutive session on Thursday, as lacklustre...

Published 12 Jan, 2024 03:06am

Cotton & Textile

Little business on cotton market

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

Published 12 Jan, 2024 03:06am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (January 11, 2024)...

Published 12 Jan, 2024 03:06am

Commodities

Copper weakens as dollar climbs amid strong inflation

LONDON: Copper prices retreated on Thursday from session highs as the dollar climbed after strong inflation data ...

Published 12 Jan, 2024 03:06am

Commodities

Gold rises on back of weaker dollar

BENGALURU: Gold prices climbed on Thursday, buoyed by a softer dollar, while markets awaited a key US inflation...

Published 12 Jan, 2024 03:06am

Commodities

Malaysian palm oil futures higher

JAKARTA: Malaysian palm oil futures closed up on Thursday for a sixth straight session, with gains in rival oils...

Published 12 Jan, 2024 03:06am

Energy

Oil prices rise 3pc as ME tensions surge

NEW YORK: Oil prices climbed about 3% to a two-week high on Thursday after Iran seized an oil tanker off the coast ...

Published 12 Jan, 2024 03:06am

Commodities

Japanese rubber futures climb

SINGAPORE: Japanese rubber reversed its two-day losing streak to climb more than 2% on Thursday, with prices...

Published 12 Jan, 2024 03:06am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 89,254 tonnes of cargo comprising 41,464 tonnes of import cargo and 51,676...

Published 12 Jan, 2024 03:06am

Commodities

Chicago soyabeans near 2-year lows

CANBERRA: Chicago soyabean futures regained some ground on Thursday but remained near their lowest levels since...

Published 12 Jan, 2024 03:06am

Stocks

Indian shares eke out gains ahead of TCS, Infosys results

BENGALURU: India’s benchmark Nifty 50 and Sensex indexes logged small gains on Thursday, ahead of a key US...

Published 12 Jan, 2024 03:06am

Stocks

Gulf bourses end higher ahead of US inflation data

DUBAI: Most stock markets in the Gulf ended higher on Thursday ahead of key US inflation data, due later in the day,...

Published 12 Jan, 2024 03:06am

Stocks

China stocks rise on bargain hunting, policy expectations

SHANGHAI: China stocks rebounded on Thursday, while Hong Kong shares jumped after a seven-session losing streak, as...

Published 12 Jan, 2024 03:06am

Stocks

European shares fall as hot US inflation data rains on rate-cut hopes

PARIS: European shares ended lower on Thursday after a hotter-than-anticipated US inflation reading doused hopes of...

Published 12 Jan, 2024 03:06am

Stocks

Wall Street drops as inflation data dulls rate-cut hopes

NEW YORK: Wall Street’s main indexes fell in choppy trading on Thursday after a hotter-than-expected inflation...

Published 12 Jan, 2024 03:06am

Commodities

‘Agri crops benefitting from fog sheet throughout Punjab’

LAHORE: Agriculture crops are benefitting from the prevailing fog sheet throughout Punjab which is not letting the...

Published 12 Jan, 2024 03:06am

Commodities

Gold prices gain

KARACHI: Gold prices on Thursday inched up on the local market but silver was firm, traders said. Gold regained ...

Published 12 Jan, 2024 03:06am

Cotton & Textile

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Thursday (January 11, 2024) ============================= 6/S-7/S (COTTON)...

Published 12 Jan, 2024 03:06am

Rates

PSX climbs on fresh buying

KARACHI: Fresh buying at attractive, low levels on Thursday supported the Pakistan Stock Exchange to close on strong...

Published 12 Jan, 2024 03:06am

EU can help Pakistan improve economy: FPCCI

KARACHI: Atif Ikram Sheikh, President FPCCI, has stressed that the 27-country economic alliance of European Union –...

Published 12 Jan, 2024 03:06am

Cigarette industry: SDPI says revenue collection targets missed since 2017

ISLAMABAD: A new study conducted by Pakistani think tank Sustainable Development Policy Institute (SDPI) revealed...

Published 12 Jan, 2024 03:06am

Money & Banking

Most Asian currencies gain; US inflation data on tap

BENGALURU: Most emerging Asian currencies and equities posted modest gains on Thursday, with the South Korean won...

Published 12 Jan, 2024 03:06am

Money & Banking

Bitcoin ETFs begin trading in end to decade-long tussle with SEC

NEW YORK: Several exchange-traded funds (ETFs) tied to the spot price of bitcoin began trading in the US on Thursday...

Published 12 Jan, 2024 03:06am

Money & Banking

Dollar jumps as US CPI beats expectations

NEW YORK: The dollar jumped against the euro and hit a one-month high against the yen on Thursday after data showed...

Published 12 Jan, 2024 03:06am

Money & Banking

Yuan firms as dollar weakens

SHANGHAI: China’s yuan firmed against the US dollar on Thursday after comments from a Federal Reserve official...

Published 12 Jan, 2024 03:06am

Industry

KCCI chief praises DG Rangers for activation of complaint cell

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has lauded the support ...

Published 12 Jan, 2024 03:06am

PIA sell-off on the slippery runway

EDITORIAL: Finally, the government, though an interim one, has set the ball rolling insofar as the planned sell-off...

Published 12 Jan, 2024 03:06am

Holding Israel to account

EDITORIAL: As Israel’s brutal war in the Middle East continues the annihilation of Gaza and its hapless ...

Published 12 Jan, 2024 03:06am

PITB to organise 3-day training session for ASPs

Industry

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 28	254.63
Diesel/Litre / Apr 28	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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