News Archives for Print - 2024-01-21

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Print - 2024-01-21

Europe

Over 100,000 in German protests against far-right AfD

FRANKFURT: More than 100,000 people turned out across Germany on Saturday in protests against the far-right AfD,...

Published 21 Jan, 2024 03:10am

Four astronauts, including Turkey’s first, arrive at space station

LOS ANGELES: A four-man crew including Turkey’s first astronaut arrived at the International Space Station (ISS)...

Published 21 Jan, 2024 03:10am

South Asia

New mosque construction in Ayodhya to begin in May, Muslim group says

NEW DELHI: As Hindu devotees prepare to inaugurate a grand temple to one of their holiest deities, India’s ...

Published 21 Jan, 2024 03:10am

4,354 polling stations to be established in Lahore

LAHORE: For the general elections 2024, total 4354 polling stations will be established in the Lahore district and...

Published 21 Jan, 2024 03:10am

Online system of pension introduced in 16 districts: Governor appreciates Indus Hospital for providing free treatment

LAHORE: Terming the public-private partnership as a successful model in Pakistan, Governor Punjab Muhammad Balighur...

Published 21 Jan, 2024 03:10am

PPP blames PML-N for polling office attack

LAHORE: Pakistan Peoples Party (PPP) has held Pakistan Muslim League-Nawaz (PML-N) responsible for petrol bomb ...

Published 21 Jan, 2024 03:10am

Nawaz ready to overcome all challenges: Marriyum

LAHORE: Pakistan Muslim League-Nawaz supremo Nawaz Sharif is determined to again steer the country on the path of...

Published 21 Jan, 2024 03:10am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Saturday (January 20, 2024). ======================================= Offset...

Published 21 Jan, 2024 03:10am

Learner’s driving licence: Hike in fee challenged in LHC

LAHORE: A bar member Rana Ali Hussain has approached the Lahore High Court against the increase in learner driving...

Published 21 Jan, 2024 03:10am

Letters

Karachi has suffered too much for too long

The caretaker government deserves a lot of praise for entering into two inter-governmental framework agreements with...

Published 21 Jan, 2024 03:10am

‘Judges’ seniority’ PBC asks early hearing of Justice Seth’s petition

ISLAMABAD: The Pakistan Bar Council (PBC) demanded from the chief justice of Pakistan to fix and decide the petition...

Published 21 Jan, 2024 03:10am

Chinese VFM assures continuing support

ISLAMABAD: Chinese Vice Foreign Minister Sun Weidong on Saturday emphasised that China will continue to support...

Published 21 Jan, 2024 03:10am

Remembering Mian Tariq Mahmud

Mian Tariq Mahmud, who passed away recently, was an outstanding member of the freight forwarding industry of...

Published 21 Jan, 2024 03:10am

Energy

Oil prices drop slightly on China demand concerns

NEW YORK: Oil prices settled slightly lower on Friday but recorded a weekly gain as Middle East tensions and...

Published 21 Jan, 2024 03:10am

Energy

US natural gas prices drop

NEW YORK: US natural gas futures dropped about 7% to a three-week low on Friday on forecasts for demand to drop and...

Published 21 Jan, 2024 03:10am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday, (January 20, 2024)...

Published 21 Jan, 2024 03:10am

Cotton & Textile

Firm trend on cotton market

LAHORE: The local cotton market on Saturday remained firm and the trading volume remained satisfactory. Cotton...

Published 21 Jan, 2024 03:10am

Commodities

Iron ore futures rise

BEIJING: Iron ore futures prices rose for a second consecutive session on Friday, underpinned by renewed hopes for...

Published 21 Jan, 2024 03:10am

The Weather

KARACHI: The weather report on Saturday (January 20, 2024) and the forecast for Sunday (January 21, 2024)....

Published 21 Jan, 2024 03:10am

PML-N expels Mehtab Abbasi

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) expelled senior party leader Sardar Mehtab Ahmed Abbasi from the...

Published 21 Jan, 2024 03:10am

Action against taxpayer without due process is ‘robbery’: LHC

LAHORE: The Lahore High Court (LHC) termed the action of a taxation officer against an active taxpayer without...

Published 21 Jan, 2024 03:10am

Iran & Pakistan urged to remove differences

ISLAMABAD: Foreign policy experts on Saturday urged Iran and Pakistan to mitigate differences and address each...

Published 21 Jan, 2024 03:10am

Energy

Discovery of new gas reserves hailed

KARACHI: Malik Khuda Bakhsh, leader of petroleum and CNG industry, member of UBG has called the discovery of new gas...

Published 21 Jan, 2024 03:10am

Many flights affected due to severe fog

KARACHI: Several flights have been cancelled and diverted on Saturday, due to severe fog in Islamabad. According ...

Published 21 Jan, 2024 03:10am

Al-Khidmat says will set up 200 pharmacies across Karachi

KARACHI: Al-Khidmat will open over 200 pharmacies across Karachi to eliminate the menace of spurious and counterfeit...

Published 21 Jan, 2024 03:10am

Cotton & Textile

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Saturday (January 20, 2024) =========================== 6/S-7/S (COTTON)...

Published 21 Jan, 2024 03:10am

PSX IPO Summit 2024: Empowering the future of capital markets

The following is the full text of federal minister for finance, revenue and economic affairs Dr Shamshad Akhtar’s...

Published 21 Jan, 2024 03:10am

Elections: Punjab Cabinet approves Rs4.10bn for security arrangements

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

Published 21 Jan, 2024 03:10am

Access to info a constitutional right, not just a matter of court’s will: CJP

ISLAMABAD: Chief Justice Qazi Faez Isa has said that access to information is a constitutional right of every...

Published 21 Jan, 2024 03:10am

Toshakhana case: Statement of prosecution witness recorded

ISLAMABAD: The Accountability Court, on Saturday, recorded the statement of a prosecution witness, Imran Bashir, an...

Published 21 Jan, 2024 03:10am

Pakistan internet disrupted again during opposition web broadcast

The outage of Facebook, X, Instagram, and YouTube is the second in two weeks coinciding with online campaign events organised by PTI

Updated 21 Jan, 2024 09:38am

Hungary finance minister says inflation sensitive to global economic shocks

BUDAPEST: Hungary’s finance minister on Saturday warned against complacency despite a sharp fall in the European...

Published 21 Jan, 2024 03:10am

More policy rate hike likely if price pressures reemerge, IMF told

ISLAMABAD: The government has informed the International Monetary Fund (IMF) that the policy rate was raised to 22...

Updated 21 Jan, 2024 06:57pm

Commodities

Mexico’s sugar production seen at lowest in 10 years

NEW YORK: Mexico’s sugar production in the 2023/24 season (Oct-Sept) was projected on Friday to fall 15% from the...

Published 21 Jan, 2024 03:10am

Commodities

Copper rises on technical signals, lower LME stocks

LONDON: Copper prices rose on Friday as technical factors and lower available stocks supported recovery from the...

Published 21 Jan, 2024 03:10am

Commodities

Gold set for biggest weekly fall

BENGALURU: Gold firmed on Friday but was poised to record its biggest weekly decline in six, as comments from ...

Published 21 Jan, 2024 03:10am

Commodities

Japan rubber futures gain on upbeat demand outlook

SINGAPORE: Japanese rubber futures climbed on Friday as positive automotive production plans and optimistic demand...

Published 21 Jan, 2024 03:10am

Commodities

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 18.787...

Published 21 Jan, 2024 03:10am

Commodities

CBOT corn futures decline

CHICAGO: US corn futures lost ground for the sixth consecutive week and soybean futures declined the fifth week in a...

Published 21 Jan, 2024 03:10am

Prices of kitchen items on the rise

ISLAMABAD: The prices of essential kitchen items have witnessed a further increase during this week past against the...

Published 21 Jan, 2024 03:10am

Business community demands cut in interest rates

PESHAWAR: Members of the business community urged the government and State Bank of Pakistan to cut interest rate to...

Published 21 Jan, 2024 03:10am

Commodities

Gold prices move up

KARACHI: Gold prices on Saturday gained slightly on the local market, traders said. They went up by Rs300 and Rs257...

Published 21 Jan, 2024 03:10am

PBF underscores need for 5pc agri sector annual growth

KARACHI: Vice President and Chief Organiser of the Pakistan Business Forum (PBF) Chaudhry Ahmad Jawad said to feed...

Published 21 Jan, 2024 03:10am

‘Conspiracy against democracy’?

EDITORIAL: Independent senators submitting resolution after resolution in the upper house, still demanding a delay ...

Published 21 Jan, 2024 03:10am

‘Conflict escalation’

EDITORIAL: The US and UK retaliation for Houthi disruption of Red Sea trade, with strikes inside Yemen, has not make...

Published 21 Jan, 2024 03:10am

Budgetary target surpassed: Pakistan projects PL collection of Rs918bn: IMF report

ISLAMABAD: The government has projected to surpass the Petroleum Levy (PL) from budgetary estimates of Rs869 billion...

Published 21 Jan, 2024 03:10am

Debt sustainability: Elevated gross financing needs constitute high risk: IMF

ISLAMABAD: The International Monetary Fund (IMF) has said that elevated gross financing needs continue to pose high...

Published 21 Jan, 2024 03:10am

TMU of SBA amended

ISLAMABAD: The Technical Memorandum of Understanding (TMU) of Stand By-Arrangement (SBA) has been amended to...

Updated 21 Jan, 2024 10:26pm

IMF assured of building reserves, free floating exchange rate

ISLAMABD: The caretaker government has committed to the International Monetary Fund (IMF) that it would build...

Updated 21 Jan, 2024 09:32pm

IMF asks for another hike in gas prices

ISLAMABAD: International Monetary Fund (IMF) projected that the November 1, 2023, gas tariff raise will add to...

Updated 21 Jan, 2024 07:37pm

Second review: IMF urged to reschedule access date to Mar 15 in LoI

ISLAMABAD: The caretaker government has requested the International Monetary Fund (IMF) to rephase the access date...

Updated 21 Jan, 2024 06:58pm

‘Contingency’ revenue steps agreed with IMF

ISLAMABAD: The government under the contingency revenue measures agreed with the International Monetary Fund (IMF)...

Updated 21 Jan, 2024 09:34am

IMF revises deficit upward to 7.7pc of GDP

ISLAMABAD: The International Monetary Fund (IMF) has upward revised the budget deficit (excluding grants) to 7.7...

Updated 21 Jan, 2024 09:34am

External financing needs: IMF lowers projection to 7.1pc of GDP

ISLAMABAD: The International Monetary Fund (IMF) has lowered the projection of Pakistan’s gross external financing...

Updated 21 Jan, 2024 09:35am

New structural benchmarks set by IMF

One of the SBA's benchmarks is developing a plan to enhance internal control systems in lending operations

Updated 21 Jan, 2024 07:30pm

Pre-election tensions may weigh on policy decisions: IMF

ISLAMABAD: Political tensions ahead of the upcoming elections may weigh on policy decisions and reform...

Updated 21 Jan, 2024 09:36am

Growth rebounds in positive trajectory following reforms: Shamshad

KARACHI: Caretaker Finance Minister Dr Shamshad Akhtar on Saturday said despite challenges there has been...

Published 21 Jan, 2024 03:10am

Power tariff: Timely adjustments critical to energy sector viability: IMF

ISLAMABAD: Timely adjustments in electricity tariff are critical to restore energy sector viability while...

Updated 21 Jan, 2024 10:11pm

SIFC asks for resolving Volkswagen licence issue

ISLAMABAD: The Apex Committee (AC) of Special Investment Facilitation Council (SIFC) has directed the Ministry of...

Published 21 Jan, 2024 03:10am

Stocks

Emaar, CCL Pharma and other companies exploring IPO option at PSX

KARACHI: Emaar Pakistan, the subsidiary of Dubai-based Emaar Properties, Pakistan’s multinational pharma company...

Updated 21 Jan, 2024 11:41am

Industry

Engg & Healthcare Show ends: TDAP organizes 2,212 sector-specific B2B meetings; 33 MoUs signed

LAHORE: The 3rd edition of the Engineering and Healthcare Show (EHCS) 2024, organized by the Trade Development...

Published 21 Jan, 2024 03:10am

Industry

Turkish CG calls for bilateral trade boost

KARACHI: Consul General of Turkiye Cemal Sangu has said although Turkiye and Pakistan have been cooperating in many...

Published 21 Jan, 2024 03:10am

Industry

Seminar on business ties with Thailand

FAISALABAD: A comprehensive and balanced system covering all segments of agriculture and protecting financial...

Published 21 Jan, 2024 03:10am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 6	281.43
USD PKR Interbank Buying / May 6	281.23
USD to Japanese Yen / May 6	143.80
USD to Swiss Franc / May 6	0.82
Pound Sterling to USD / May 6	1.33
Euro to USD / May 6	1.13
UK LIBOR % / May 2	4.96

Stock	Volume
S&P 500 / May 5	5,650.38
Tokyo Nikkei / May 5	36,830.69
Nasdaq / May 5	17,844.24
Dow Jones / May 5	41,218.83
India Sensex / May 6	80,548.72
Hang Seng / May 6	22,677.57
FTSE 100 / May 6	8,609.62
Germany DAX 30 / May 6	23,276.83
France CAC40 / May 6	7,711.31

Item	Value
Karachi Cotton PKR/37.32 KG / May 5	16,985
Gold 10 Grams PKR / May 5	300,068
Petrol/Litre / May 6	252.63
Crude Oil USD/Barrel / May 6	57.98
Gold Spot USD/Ounce / May 6	3,361.22
Diesel/Litre / May 6	256.64
Cotton US¢/pound / May 6	68.15

Gainers
Losers
Leaders

Stock	Price
Invest Bank / May 6 Invest Capital Investment Bank Limited(ICIBL)	1.50 ▲ 0.2 (15.38%)
First Fid. Leasing / May 6 First Fidelity Leasing Modaraba(FFLM)	2.34 ▲ 0.3 (14.71%)
UDL International / May 6 UDL International Limited(UDLI)	7.95 ▲ 0.95 (13.57%)
Aruj Industries / May 6 Aruj Industries Limited(ARUJ)	8.76 ▲ 0.98 (12.6%)
Pak Gen.Ins. / May 6 The Pakistan General Insurance Co. Ltd.(PKGI)	9.86 ▲ 1 (11.29%)
Dewan Mushtaq / May 6 Dewan Mushtaq Textile Mills Limited(DMTM)	9.96 ▲ 1 (11.16%)
Dewan Textile / May 6 Dewan Textile Mills Limited(DWTM)	6.42 ▲ 0.62 (10.69%)
First Elite Cap.Mod / May 6 First Elite Capital Modaraba(FECM)	16.89 ▲ 1.54 (10.03%)
Power Cem(Pref) / May 6 Power Cement (Pref)(POWERPS)	16.80 ▲ 1.53 (10.02%)
Olympia Mills / May 6 Olympia Mills Limited(OML)	36.28 ▲ 3.3 (10.01%)

Stock	Price
Reliance Ins. / May 6 Reliance Insurance Company Limited(RICL)	10.49 ▼ -6.31 (-37.56%)
First AL-Noor Mod. / May 6 First Al-Noor Modaraba(FANM)	2.75 ▼ -0.34 (-11%)
At-Tahur Ltd. / May 6 At-Tahur Limited(PREMA)	58.40 ▼ -6.49 (-10%)
Bunnys Limited / May 6 Bunnys Limited(BNL)	28.04 ▼ -3.11 (-9.98%)
Sui South Gas / May 6 Sui Southern Gas Company Limited(SSGC)	36.08 ▼ -3.95 (-9.87%)
Trust Sec.& Brok. / May 6 Trust Securities & Brokerage Limited(TSBL)	11.60 ▼ -1.27 (-9.87%)
Diamond Ind. / May 6 Diamond Industries Limited(DIIL)	21.79 ▼ -2.12 (-8.87%)
Paramount Mod / May 6 First Paramount Modaraba(FPRM)	7.59 ▼ -0.66 (-8%)
Tri-Star Mutual / May 6 Tri-Star Mutual Fund Limited(TSMF)	8.26 ▼ -0.71 (-7.92%)
Leather Up Ltd. / May 6 Leather Up Limited(LEUL)	28.31 ▼ -2.39 (-7.79%)

Stock	Volume
Sui South Gas / May 6 Sui Southern Gas Company Limited(SSGC)	54,325,421 ▼ -3.95
K-Electric Ltd. / May 6 K-Electric Limited(KEL)	42,259,616 ▲ 0.22
Dewan Cement / May 6 Dewan Cement Limited(DCL)	26,185,745 ▼ -0.29
Kohinoor Spining / May 6 Kohinoor Spinning Mills Limited(KOSM)	17,455,731 ▲ 0.35
At-Tahur Ltd. / May 6 At-Tahur Limited(PREMA)	16,513,681 ▼ -6.49
Maple Leaf Cement / May 6 Maple Leaf Cement Factory Limited(MLCF)	15,288,695 ▼ -1.4
D.G.K.Cement / May 6 D.G. Khan Cement Company Limited(DGKC)	11,352,512 ▼ -2.72
WorldCall Telecom / May 6 Worldcall Telecom Limited(WTL)	10,597,193 ▼ -0.01
Power Cement / May 6 Power Cement Limited(POWER)	8,852,134 ▼ -0.51
Pak Refinery / May 6 Pakistan Refinery Limited(PRL)	8,766,270 ▼ -0.03

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