News Archives for Print - 2024-03-14

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Print - 2024-03-14

Europe

Italy says global minimum tax on multinationals set to fail

ROME: Italy’s Economy Minister Giancarlo Giorgetti said on Wednesday he fears that a plan for a global minimum tax...

Published 14 Mar, 2024 03:00am

South Asia

At least 60 Afghans killed by weeks of intense snow, rain

KABUL: At least 60 people have been killed by heavy rain and snow in Afghanistan over the past three weeks, the...

Published 14 Mar, 2024 03:00am

South Asia

Huge blast kills two, injures 26 in northern China

SANHE (China): A huge suspected gas explosion at a restaurant in northern China killed two people and injured 26 ...

Published 14 Mar, 2024 03:00am

South Asia

China says military delegation visited Maldives, Sri Lanka and Nepal

BEIJING: A Chinese military delegation recently visited the Maldives, Sri Lanka and Nepal to discuss further...

Published 14 Mar, 2024 03:00am

USA

Biden back on road after clinching rancorous Trump rematch

WASHINGTON: President Joe Biden plunges back into his grueling election campaign schedule Wednesday, a day after he...

Published 14 Mar, 2024 03:00am

Global development rebounds post-Covid, leaving poor countries behind, says UN

UNITED NATIONS: Humanity has returned to pre-pandemic levels of development, the United Nations said Wednesday, but...

Published 14 Mar, 2024 03:00am

Money & Banking

New global record for profits paid out to shareholders: study

PARIS: Global dividend payments hit a record $1.66 trillion in 2023 according to a report by asset manager Janus...

Published 14 Mar, 2024 03:00am

USA

Georgia judge tosses several charges in Trump indictment

WASHINGTON: A Georgia judge on Wednesday dismissed several charges against Donald Trump and his co-defendants for...

Published 14 Mar, 2024 03:00am

Europe

UK to ban foreign state ownership of British newspapers

LONDON: The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move...

Published 14 Mar, 2024 03:00am

NTISB issues cyber-security advisory: Apple releases security patches

ISLAMABAD: Apple has released security patches to mitigate critical vulnerabilities (CVE-2023-42916 &...

Published 14 Mar, 2024 03:00am

CCPO meets winning players of National Classic Championship

LAHROE: Capital City Police Officer (CCPO) Lahore, Bilal Siddique Kamyana, met with the police players who won ...

Published 14 Mar, 2024 03:00am

Czech Republican, Maldivian counterparts greet Dar

ISLAMABAD: Foreign Minister of Maldives, Moosa Zameer and Foreign Minister of Czech Republic, Jan Lipavsky have...

Published 14 Mar, 2024 03:00am

New Zealand men’s cricket team due on April 14 to play five T20Is

LAHORE: The Pakistan Cricket Board (PCB) Wednesday announced that New Zealand men’s cricket team will tour ...

Published 14 Mar, 2024 03:00am

EU parliament adopts ‘pioneering’ rules on AI

STRASBOURG: The European Parliament gave final approval on Wednesday to the world’s most far-reaching rules to...

Published 14 Mar, 2024 03:00am

Europe

UK economy returns to modest growth at start of 2024

LONDON: Britain’s economy returned to growth in January after entering a shallow recession in the second half of...

Published 14 Mar, 2024 03:00am

Pakistan ranks 7th among tobacco-consuming countries globally

ISLAMABAD: Pakistan is one of the top tobacco consuming countries standing at the 7th position globally and first in...

Published 14 Mar, 2024 03:00am

Cipher, Toshakhana cases: Appeals against convictions: IHC turns down objections over maintainability

ISLAMABAD: The Islamabad High Court (IHC), Wednesday, turned down the prosecution’s objections over the...

Published 14 Mar, 2024 03:00am

Industry

FPCCI panel on trade promotion: Saleem Khan Tanoli appointed convener

KARACHI: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has appointed Saleem Khan Tanoli as...

Published 14 Mar, 2024 03:00am

Mohsin Naqvi assumes charge as interior minister

ISLAMABAD: Interior Minister Mohsin Naqvi assumed charge of his office on Wednesday. Interior Secretary Aftab ...

Published 14 Mar, 2024 03:00am

Climate-resilient wheat varieties introduced

ISLAMABAD: To tackle the climate change situation and harsh weather phenomena, the Pakistan Agricultural Research...

Published 14 Mar, 2024 03:00am

PTI leader indicted in case filed at Bani Gala police station

ISLAMABAD: A local court, on Wednesday, indicted Pakistan Tehreek-e-Insaf (PTI) leader Faisal Javed in a case...

Published 14 Mar, 2024 03:00am

Sector G-10: CDA board approves construction of ‘IT Park’ in Sector G-10

ISLAMABAD: The Capital Development Authority Board on Wednesday decided to construct one of the biggest IT parks in...

Published 14 Mar, 2024 03:00am

53 errant shopkeepers fined, two shops sealed

KARACHI: On the second day of Ramazan, the Price Control Magistrates of District South initiated actions against...

Published 14 Mar, 2024 03:00am

Unannounced outages: JI Karachi chief lashes out at SSGC

KARACHI: Jamaat-e-Islami (JI) on Wednesday showed concerns over the “unannounced” gas outages in the holy...

Published 14 Mar, 2024 03:00am

Forklift programme: Engro Polymer partners with Descon to train women

KARACHI: Engro Polymer and Chemicals (EPCL), a subsidiary of Engro Corporation, along with Engro Foundation ...

Published 14 Mar, 2024 03:00am

No compromise on peace, security: Sindh minister

KARACHI: Minister for Home, Law, and Parliamentary Affairs of Sindh, Ziaul Hassan Lanjar, has affirmed that peace ...

Published 14 Mar, 2024 03:00am

Three-day ‘SAARC Bazaar’ concludes

LAHORE: Lahore hosted three-day “SAARC Bazaar” and SAARC conference titled “Invest in South Asian Women: A ...

Published 14 Mar, 2024 03:00am

Match officials for playoffs, final of HBL-PSL-9 announced

LAHORE: The Pakistan Cricket Board (PCB) Wednesday announced umpire and match referee appointments for the HBL-PSL-9...

Published 14 Mar, 2024 03:00am

Security of courts to be beefed up across Punjab

LAHORE: Inspector General Police Punjab Dr Usman Anwar has said that foolproof security of courts across the ...

Published 14 Mar, 2024 03:00am

Over 1.8m ration bags delivered to people under ‘Ramazan package’

LAHORE: The Punjab government is striving to provide relief to the people in Ramazan as the officials delivered over...

Published 14 Mar, 2024 03:00am

PFA imposes Rs630,000 fine on six FBOs

LAHORE: The Punjab Food Authority (PFA) on Wednesday slapped a Rs 630,000 fine on six food business operators (FBOs)...

Published 14 Mar, 2024 03:00am

Customs dept fails to prove vehicle as smuggled item

LAHORE: The customs department has failed to prove smuggling of a vehicle into Pakistan despite claiming that the...

Published 14 Mar, 2024 03:00am

LHC refuses to issue restraining order against Senate polls

LAHORE: The Lahore High Court on Wednesday refused to issue restraining order against the Senate election and ...

Published 14 Mar, 2024 03:00am

PSCA, NRTC agree to implement ‘smart safe city project’ in 18 cities

LAHORE: Punjab Safe Cities Authority (PSCA) and National Radio and Telecommunication Corporation (NRTC) here...

Published 14 Mar, 2024 03:00am

The Weather

KARACHI: The weather report on Wednesday (March 13, 2024) and the forecast for Thursday (March 14, 2024)...

Published 14 Mar, 2024 03:00am

Expenditure cut: Panel set up to present ‘practical plan’ to PM

ISLAMABAD: Prime Minister Shahbaz Sharif has constituted a seven-member committee to present a practical plan for...

Published 14 Mar, 2024 03:00am

Adiala jail ban: IK terms threat alert ‘a lie’

RAWALPINDI: The incarcerated Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan, on Wednesday, termed the threat ...

Published 14 Mar, 2024 03:00am

NA passes resolution, declaring death sentence of Z A Bhutto illegal

ISLAMABAD: The National Assembly here Wednesday passed a resolution, demanding to overturn the death sentence given...

Published 14 Mar, 2024 03:00am

Business & Economy

China to help Pakistan overcome debt challenge: CG

FAISALABAD: Chinese debt is only 13 percent of the total foreign payable debt and its basic objective is to drag...

Updated 14 Mar, 2024 11:48am

Minister given briefing on CPEC projects

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives, Wednesday, gave a comprehensive briefing ...

Published 14 Mar, 2024 03:00am

Ramazan Relief Package: PM oversees distribution

ISLAMABAD: Prime Minister Shehbaz Sharif, Wednesday, made surprise visits to various Utility Stores (USC) outlets in...

Published 14 Mar, 2024 03:00am

CM for skill mapping to ascertain true potential of human resource export

LAHORE: Emphasising the need for skill mapping to ascertain true potential of human resource export, Punjab Chief...

Published 14 Mar, 2024 03:00am

Request to withdraw GSP+ status: Govt blasted for accusing PTI of writing letter to EU

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Wednesday blasted the government for accusing it of writing a letter to...

Published 14 Mar, 2024 03:00am

Lu to brief US House panel on Pak ties

Islamabad: The US Assistant Secretary of State, Bureau for South and Central Asian Affairs, Donald Lu, will brief ...

Published 14 Mar, 2024 03:00am

Narcotics Control office to be closed: Naqvi integrates operations into Interior Ministry

ISLAMABAD: Interior Minister Mohsin Naqvi on Wednesday said that he has decided to close the office of the Ministry...

Published 14 Mar, 2024 03:00am

IGME report on child mortality rate released: Pakistan, Afghanistan lagging behind in meeting SDGs in SA

ISLAMABAD: The United Nations Inter-agency Group for Child Mortality Estimation (IGME) has observed that Pakistan ...

Published 14 Mar, 2024 03:00am

AGP tells PHC: Party that wins in general election deserves reserved seats

PESHAWAR: In the Peshawar High Court, a five-member larger bench headed by Justice Ishtiaq Ibrahim on Wednesday ...

Published 14 Mar, 2024 03:00am

PTI giving false narrative to EU: Tarrar

ISLAMABAD: Federal Minister for Information and Broadcasting Attaullah Tarar, on Wednesday, in his maiden press...

Published 14 Mar, 2024 03:00am

Punjab govt to take action against air pollution: Minister

LAHORE: To combat the issue of trans-boundary air pollution, the Punjab may sign a cross-border one-on-one agreement...

Published 14 Mar, 2024 03:00am

Department of Transport, Excise and Taxation: Sharjeel orders revolutionary measures, reforms

KARACHI: Officials from the Department of Transport, Mass Transit, and Excise & Taxation met with Senior ...

Published 14 Mar, 2024 03:00am

The FCA conundrum

Power regulator Nepra’s recent approval of a Rs 7.1308/unit tariff hike under Fuel Adjustment Charges (FCA) has sent...

Published 14 Mar, 2024 03:00am

‘Large and long’?

Not much of what new finance minister, Muhammad Aurangzeb, said in his first official media interaction was new –...

Published 14 Mar, 2024 03:00am

Letters

Jail is where IK has enough quiet and privacy

The Punjab government has imposed a two-week ban on all public visits, meetings and interviews at Rawalpindi’s...

Published 14 Mar, 2024 03:00am

It’s time for us to walk the talk!—II

Entrepreneurs in Pakistan are second to none with numerous having earned recognition and respect internationally....

Published 14 Mar, 2024 03:00am

Why we lag in exports

One of Pakistan’s most pressing economic issues is the chronic shortage of foreign exchange underscored by an...

Published 14 Mar, 2024 03:00am

Stocks

China stocks fall as Country Garden drags property developers lower

SHANGHAI: China stocks closed down on Wednesday, dragged by property developers as Country Garden missed a coupon...

Published 14 Mar, 2024 03:00am

Stocks

India’s small- and mid-cap stocks capitulate on stress test worries

BENGALURU: India’s small- and mid-cap indexes logged their worst session in more than two years on Wednesday, ...

Published 14 Mar, 2024 03:00am

PARTLY FACETIOUS: Shutting down the Adiala jail?

“I don’t understand how you can shut down a jail?” “By a notification, and considering that it is a...

Published 14 Mar, 2024 03:00am

By-elections on 23 general seats to be held on April 21: ECP

ISLAMABAD: The poll organisation has announced that it will hold by-elections on 23 seats of the assemblies on April...

Published 14 Mar, 2024 03:00am

IHC summons SP Adiala jail over ban on visits

ISLAMABAD: The Islamabad High Court (IHC), Wednesday, issued notice to the Adiala Jail superintendent in a petition...

Published 14 Mar, 2024 03:00am

Rates

PSX plunges

KARACHI: A bearish trend continued on Pakistan Stock Exchange on Wednesday and the market recorded heavy losses due...

Published 14 Mar, 2024 03:00am

Stocks

Tech-heavy Nasdaq slides as yields rise

NEW YORK: The tech-laden Nasdaq fell on Wednesday as rising US Treasury yields hit market-moving growth stocks, ...

Published 14 Mar, 2024 03:00am

Stocks

European shares scale new record high

PARIS: European shares touched new record highs on Wednesday, boosted by upbeat corporate updates from the retail ...

Published 14 Mar, 2024 03:00am

Commodities

Egypt sets procurement price of local wheat at $41.32

CAIRO: Egypt, a major wheat importer, has set the procurement price of local wheat at 2000 Egyptian pounds ($41.32)...

Published 14 Mar, 2024 03:00am

Commodities

Iron ore falls on mounting fears of easing Chinese demand

SINGAPORE: Iron ore futures slipped on Wednesday, on fears of a reduction in demand in top consumer China amid ...

Published 14 Mar, 2024 03:00am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR37.803...

Published 14 Mar, 2024 03:00am

Commodities

Chicago soybeans fall despite Brazilian crop downgrade

CANBERRA: Chicago soybean futures fell on Wednesday from one-month highs in the previous session as a production...

Published 14 Mar, 2024 03:00am

Commodities

Malaysian palm oil futures gain

KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday to their highest closing in over a year, as strength in...

Published 14 Mar, 2024 03:00am

Commodities

Copper soars on Chinese plans to cut output

LONDON: Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process ...

Published 14 Mar, 2024 03:00am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 128,125 tonnes of cargo comprising 81,205 tonnes of import cargo and 46,920...

Published 14 Mar, 2024 03:00am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (March 13, 2024)...

Published 14 Mar, 2024 03:00am

Cotton & Textile

Slow business on cotton market

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

Published 14 Mar, 2024 03:00am

Energy

US natural gas prices slide

NEW YORK: US natural gas futures slid about 2% to a fresh two-week low on Wednesday on forecasts for less demand ...

Published 14 Mar, 2024 03:00am

Energy

Oil prices up 2pc to 4-month high

NEW YORK: Oil prices rose about 2% to a four-month high on Wednesday on a surprise withdrawal in US crude...

Published 14 Mar, 2024 03:00am

Commodities

Wheat procurement target of 900,000 tons at the rate of Rs4,000/40kgs approved

KARACHI: The Sindh government has approved a wheat procurement target of 900,000 tons at the rate of Rs 4,000 per 40...

Published 14 Mar, 2024 03:00am

Energy

SSGC unveils state of the art gas metering & calibration facility

KARACHI: Sui Southern Gas Company’s (SSGC’s) cutting-edge Gas Metering and Calibration Facility (GM&CF) was...

Published 14 Mar, 2024 03:00am

Energy

LPG cylinders’ prices ‘Ogra’s negligence has caused artificial hike during Ramazan’

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra)’s delay in action caused an artificial hike in the...

Published 14 Mar, 2024 03:00am

Commodities

Gold prices slump

KARACHI: Gold on Wednesday saw a big drop in its value on the local market but silver remained steady, traders ...

Published 14 Mar, 2024 03:00am

Rates

LME official prices

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

Published 14 Mar, 2024 03:00am

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 14 Mar, 2024 03:00am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (March 13, 2024). ========================== KIBOR...

Published 14 Mar, 2024 03:00am

Forex

Open market rates of foreign currencies

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

Published 14 Mar, 2024 03:00am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (March 13, 2024). ======================== Open Bid...

Published 14 Mar, 2024 03:00am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (March 13, 2024)....

Published 14 Mar, 2024 03:00am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 13, 2024)....

Published 14 Mar, 2024 03:00am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 13, 2024)...

Published 14 Mar, 2024 03:00am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (March 13, 2024). ======================================= Offset...

Published 14 Mar, 2024 03:00am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (March 13, 2024). ==================================== BR...

Published 14 Mar, 2024 03:00am

Cut-off yield of PIBs declines

KARACHI: Cut-off yield of long-term Pakistan Investments Bonds (PIBs) declined up to 15 basis points (bps) in the...

Updated 14 Mar, 2024 12:32pm

Money & Banking

Country’s payment infrastructure shows a robust growth

KARACHI: Pakistan’s payments infrastructure demonstrated robust growth during the second quarter of this fiscal year...

Updated 14 Mar, 2024 08:46am

PM convenes special session of SIFC today

ISLAMABAD: Prime Minister Shehbaz Sharif has convened a special session of the SIFC Apex Committee on Thursday...

Updated 14 Mar, 2024 09:06am

Pending payments to int’l agencies: MoF asks PAOs to set aside funds in budget estimates

ISLAMABAD: Ministry of Finance (MoF) has asked Principal Accounting Officers (PAOs) of all the Ministries to ensure...

Updated 14 Mar, 2024 09:48am

Fully complied with actions agreed with IMF: PD

ISLAMABAD: Power Division has claimed that it has fully complied with all the actions agreed with the International...

Updated 14 Mar, 2024 09:19am

Govt quite clear about what it seeks from IMF

IMF team arrives in Islamabad to hold an opening meeting with the economic team led by the finance minister

Updated 14 Mar, 2024 12:01pm

Digitization of tax system top priority: finance minister

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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