News Archives for Print - 2024-05-01

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Print - 2024-05-01

The Weather

KARACHI: The weather report on Tuesday (April 30, 2024) and the forecast for Wednesday (May 01, 2024)...

Published 01 May, 2024 04:14am

Houthis attack Greek, US ships: Centcom

DUBAI: Yemen’s Iran-backed Houthi rebels have launched fresh attacks on Red Sea shipping including a Greek...

Published 01 May, 2024 04:14am

Pro-Palestinian protests: top French university loses funding

PARIS: The Paris region authority sparked controversy Tuesday by temporarily suspending funding for Sciences Po, one...

Published 01 May, 2024 04:14am

US negotiating R&D tax credit as part of global tax deal: Yellen

WASHINGTON: Treasury Secretary Janet Yellen said on Tuesday that the United States is in talks with other countries...

Published 01 May, 2024 04:14am

South Asia

Forest fires raze parts of India amid heat, dry weather

NEW DELHI: Frequent fires are razing forests in India’s Uttarakhand state in the north and Odisha in the east amid...

Published 01 May, 2024 04:14am

Europe

Teenage boy killed in London sword attack

LONDON: A 14-year-old boy was killed and four other people were injured after a stabbing in London on Tuesday...

Published 01 May, 2024 04:14am

Ending hopium-V

• Next is for MoI&P (Ministry of Industries and Production), MoITT (Ministry of Information Technology and...

Published 01 May, 2024 04:14am

Money & Banking

1Q results for 2024: Soneri Bank announces PBT growth of 31.91pc YoY

KARACHI: The Board of Directors (BoDs) of Soneri Bank Limited, in their 204th meeting held in Karachi on 30th April...

Published 01 May, 2024 04:14am

Companies

Net profitability of FFC stands at Rs10.5bn in Q1

RAWALPINDI: Fauji Fertilizer Company Limited (FFC) has announced its financial results for the first quarter ended...

Published 01 May, 2024 04:14am

Industry

KCCI appreciates pro-traders decisions of PM

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

Published 01 May, 2024 04:14am

Stocks

China stocks end mixed

SINGAPORE: China stocks were mixed in with the blue-chip index down 0.20%, while Hong Kong’s Hang Seng index was ...

Published 01 May, 2024 04:14am

Stocks

STOXX ends lower as auto giants weigh

PARIS: European shares closed lower on Tuesday weighed by a bleak raft of earnings reports from the region’s top...

Published 01 May, 2024 04:14am

Stocks

Wall St falls on hot labour costs data, caution before Fed verdict

NEW YORK: Wall Street’s main indexes fell on Tuesday with caution prevailing ahead of the Federal Reserve’s...

Published 01 May, 2024 04:14am

Money & Banking

China’s yuan slips from 1-month high

SHANGHAI: China’s yuan pulled back against the dollar on Tuesday, having hit one-month high a day earlier as...

Published 01 May, 2024 04:14am

Stocks

PSX holiday

KARACHI: Pakistan Stock Exchange Limited will remain closed on Wednesday, May 01, 2024 (today) being public holiday...

Published 01 May, 2024 04:14am

Industry

Delegation of LCCI visits Business Facilitation Center

LAHORE: A delegation, headed by the President Lahore Chamber of Commerce and Industry Kashif Anwar, visited Business...

Published 01 May, 2024 04:14am

Blome hosts national team cricket players

ISLAMABAD: In a display of support for Pakistan ahead of the highly anticipated T20 Cricket World Cup 2024, US...

Published 01 May, 2024 04:14am

Huawei showcases cutting-edge technologies, solutions at Digital Week in Islamabad

ISLAMABAD: Huawei Pakistan hosted a Digital Week in Islamabad, showcasing the cutting-edge technologies and ...

Published 01 May, 2024 04:14am

Hush money trial: Judge fines Trump $9,000, threatens jail for contempt

NEW YORK: The judge overseeing Donald Trump’s criminal hush money trial fined the former US president $9,000 for...

Published 01 May, 2024 04:14am

UN-backed court issues warrant for Central African ex-leader

BANGUI, (Central African Republic): A UN-backed court announced Tuesday it has issued an arrest warrant for the...

Published 01 May, 2024 04:14am

German arms exports to Israel: World Court rejects emergency measures

THE HAGUE: Judges at the International Court of Justice on Tuesday ruled against issuing emergency orders to stop...

Published 01 May, 2024 04:14am

NHA approves Rs4.133bn PC-1 for KKH-II

ISLAMABAD: The National Highways Authority (NHA) Executive Board recommended the PC-I (Land Acquisition) of...

Published 01 May, 2024 04:14am

ECP seeks details of PTI’s third intra-party polls

ISLAMABAD: Yet again, the Election Commission of Pakistan (ECP) has sought details from Pakistan Tehreek-e-Insaf...

Published 01 May, 2024 04:14am

IceWarp to set up a data centre in Pakistan

KARACHI: IceWarp, a Czech Republic based IT company, has announced plans to launch its full-fledged operation in...

Published 01 May, 2024 04:14am

Vote recount in PP-161: LHC sets aside notice issued by ECP

LAHORE: The Lahore High Court on Tuesday set aside a notice issued by the Election Commission of Pakistan (ECP) for...

Published 01 May, 2024 04:14am

Two killed, eight injured in gas cylinder blast in Karachi

KARACHI: A gas cylinder explosion rocked Karachi’s New Challi area on Tuesday, resulting in the loss of two lives...

Published 01 May, 2024 04:14am

BLLF organizes seminar on prevention of child labor & human trafficking

LAHORE: In connection with International Labor Day, a seminar was organized by Bonded Labour Liberation Front (BLLF)...

Published 01 May, 2024 04:14am

Iddat case: Court rejects Maneka’s petition

ISLAMABAD: A local court, on Tuesday, rejected the petition of Khawar Maneka, the complainant in the Iddat case...

Published 01 May, 2024 04:14am

Govt urged to develop strategy for combating plastic pollution

ISLAMABAD: Speakers at a seminar while stressing the need for immediately combating plastic pollution have urged the...

Published 01 May, 2024 04:14am

Cipher case: IHC seeks detailed report of Azam Khan kidnapping case

ISLAMABAD: The Islamabad High Court (IHC), hearing the cipher case, sought a detailed report of the kidnapping case...

Published 01 May, 2024 04:14am

Imran handpicked Marwat for PAC chairmanship: Gohar

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) chairman Barrister Gohar Ali Khan on Tuesday announced that party founding...

Published 01 May, 2024 04:14am

Ex-IGP’s non-appearance: LHC expresses displeasure

LAHORE: The Lahore High Court on Tuesday expressed displeasure over the non-appearance of Akbar Nasir former...

Published 01 May, 2024 04:14am

‘Pakistan experienced at least one cyber incident in last two years’

ISLAMABAD: A global cybersecurity firm revealed that 88 percent of small businesses in the Middle East, Turkey and...

Published 01 May, 2024 04:14am

Preventing influence of tobacco making firms: ‘Pakistan’s performance remains unsatisfactory’

ISLAMABAD: Pakistan’s performance in preventing the influence of tobacco manufacturing companies remained...

Published 01 May, 2024 04:14am

Human organs PHOTA to launch crackdown against illegal transplantation

LAHORE: Punjab Human Organ Transplantation Authority (PHOTA) has been directed to launch crackdown on the elements...

Published 01 May, 2024 04:14am

Police crackdown on drug dealers, recovers drugs worth Rs2.26m

LAHORE: In a concerted effort to combat drug trafficking and addiction, the Pakpattan Police have undertaken a...

Published 01 May, 2024 04:14am

Punjab Assembly Speaker limits discussion to govt's wheat policy

LAHORE: The Punjab Assembly session, presided over by Speaker Punjab Assembly Malik Muhammad Ahmed Khan, began after...

Published 01 May, 2024 04:14am

‘Nawaz Sharif Kisan Card,’ Rs10bn for NS IT City: Punjab cabinet gives in-principle approval

LAHORE: Punjab Cabinet, which met here Tuesday with Chief Minister Maryam Nawaz in the chair, accorded in-principle...

Published 01 May, 2024 04:14am

SFA District Food Testing Lab opened at NED

KARACHI: Director General Sindh Food Authority Agha Fakhar Hussain has inaugurated SFA District Food Testing...

Published 01 May, 2024 04:14am

Widow challenges advance tax against cellular phone services

LAHORE: A widow has challenged advance tax against cellular phone services, being not liable to pay income tax or...

Published 01 May, 2024 04:14am

Abbasi, Miftah & others given a clean chit in LNG case

ISLAMABAD: The National Accountability Bureau (NAB) on Tuesday gave a clean chit to former prime minister Shahid...

Published 01 May, 2024 04:14am

‘We all should strengthen parliament,’ says CJP

ISLAMABAD: Chief Justice Qazi Faez Isa said, “We all should strengthen the parliament, because if it is strong ...

Published 01 May, 2024 04:14am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (April 30, 2024). ==================================== BR...

Published 01 May, 2024 04:14am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (April 30, 2024)...

Published 01 May, 2024 04:14am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 30, 2024)....

Published 01 May, 2024 04:14am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (April 30, 2024)....

Published 01 May, 2024 04:14am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (April 30, 2024). ======================== Open Bid Rs...

Published 01 May, 2024 04:14am

Forex

Open market rates of foreign currencies

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

Published 01 May, 2024 04:14am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (April 30, 2024). ========================== KIBOR...

Published 01 May, 2024 04:14am

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 01 May, 2024 04:14am

Rates

LME official prices

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

Published 01 May, 2024 04:14am

Energy

OPEC oil output falls in April, led by Iran and Iraq, survey finds

LONDON: OPEC oil output has fallen in April, a Reuters survey found on Tuesday, reflecting lower exports from Iran,...

Published 01 May, 2024 04:14am

Letters

‘Everything is anti-clockwise in Pakistan’

The following is in addition to what I have stated through a letter to Editor carried by the newspaper yesterday....

Published 01 May, 2024 04:14am

Commodities

Gold prices slip

BENGALURU: Gold prices slipped more than 1% to a one-week low on Tuesday due to an uptick in the dollar and US...

Published 01 May, 2024 04:14am

Commodities

Iron ore down on pre-holiday risk-off

BEIJING: Iron ore and steel futures fell on Tuesday amid risk-off sentiment ahead of a Chinese public holiday, but...

Published 01 May, 2024 04:14am

Cotton & Textile

Official spot rate firm amid lack of buying interest

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

Published 01 May, 2024 04:14am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (April 30, 2024)...

Published 01 May, 2024 04:14am

Rates

Activities of Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 120,553 tonnes of cargo comprising 55,669 tonnes of import cargo and 64,884...

Published 01 May, 2024 04:14am

Energy

Oil prices down on rising US supply

HOUSTON: Oil dipped on Tuesday on the back of rising US crude production as well as hopes of an Israel-Hamas...

Published 01 May, 2024 04:14am

Energy

US natural gas prices jump

NEW YORK: US natural gas futures jumped about 6% to a 12-week high on Monday with the start of the higher priced ...

Published 01 May, 2024 04:14am

Stocks

Nikkei tracks Wall Street higher

TOKYO: Japan’s Nikkei share average rose on Tuesday, underpinned by overnight strong finish on Wall Street, while...

Published 01 May, 2024 04:14am

Stirring up the soul, is it?

Is it déjà vu? Is it an illusion? Is it a knee-jerk? Is it real? Is it happening? These are all the questions that...

Published 01 May, 2024 04:14am

Pakistan’s civil service dilemma

By the time you finish reading this article, the veil shrouding Pakistan’s administrative ineptitude will be...

Published 01 May, 2024 04:14am

Energy

Ministry directed to clear CPEC IPPs’ dues

ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal has instructed the...

Published 01 May, 2024 04:14am

Grains

LHC seeks details of wheat procurement decision

LAHORE: The Lahore High Court on Tuesday called details of the Punjab cabinet decision on the wheat procurement...

Published 01 May, 2024 04:14am

Energy

Ogra notifies 4.74pc cut in LPG consumer price

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) notified a 4.74 percent decrease in the LPG consumer price...

Published 01 May, 2024 04:14am

Energy

Hydropower project: Leghari urged to help remove obstacles

ISLAMABAD: South Korean company, Korea Hydro & Nuclear Power Co., Ltd (KHNP), which is developing a hydropower...

Published 01 May, 2024 04:14am

Labour Day today

LAHORE: Like other parts of the world, ‘Labour Day’ is being marked on today with a resolve to safeguard the...

Published 01 May, 2024 04:14am

Rates

Stocks end deep in the red

KARACHI: Pakistan Stock Exchange on Tuesday witnessed mixed trend and after moving in both directions finally closed...

Published 01 May, 2024 04:14am

Money & Banking

Binance’s CEO Zhao faces sentencing over money laundering violations

NEW YORK: The former chief executive of Binance, the world’s largest cryptocurrency exchange, could face years in...

Published 01 May, 2024 04:14am

SBP’s policy stance irks UBG

KARACHI: United Business Group (UBG) has expressed its concern over not reducing the interest rate in the monetary...

Published 01 May, 2024 04:14am

Commodities

Copper prices fall after hitting two-year high

LONDON: Copper prices in London fell on Tuesday after four sessions of gains, retreating on slower manufacturing...

Published 01 May, 2024 04:14am

Commodities

Malaysian palm oil futures drift lower

KUALA LUMPUR: Malaysian palm oil futures fell on Tuesday, closing at their lowest in more than two months, as ...

Published 01 May, 2024 04:14am

Commodities

Chicago wheat futures slip

CANBERRA/PARIS: Chicago wheat futures on Tuesday fell further from last week’s four-month highs as forecasts for...

Published 01 May, 2024 04:14am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR28.506 ...

Published 01 May, 2024 04:14am

Commodities

Japanese rubber futures gain

SINGAPORE: Japanese rubber futures rose on Tuesday amid a weaker yen and favourable factory data, but logged their...

Published 01 May, 2024 04:14am

Commodities

Argentina grains ports hit by strikes for second day

BUENOS AIRES: Argentina grains ports were being impacted by strike action against government reforms for a second ...

Published 01 May, 2024 04:14am

Money & Banking

Yen retreats after US data

NEW YORK: The yen stumbled against the dollar on Tuesday, relinquishing some of its sharp gains in the prior session...

Published 01 May, 2024 04:14am

Campus protests: new flashpoint in US

EDITORIAL: Until recently, even a mild criticism of Israel’s policies in the US, especially in universities, could...

Published 01 May, 2024 04:14am

Inflation unchecked

EDITORIAL: The Sensitive Price Index for the week ending 25 April 2024, consisting of 51 essential items collected...

Published 01 May, 2024 04:14am

Money & Banking

NBP continues to empower farmers, women with discounted loans

KARACHI: The National Bank of Pakistan (NBP) is proudly expanding its agricultural loan programme and encourages...

Published 01 May, 2024 04:14am

Industry

OICCI holds 6th Women Empowerment Awards ceremony

KARACHI: Emphasizing the vital importance of creating conducive conditions for women to flourish in the realms of...

Published 01 May, 2024 04:14am

Taxes

Finance Bill 2024: Policy Cell to compile IR budget proposals

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a Policy Cell for compilation of Inland Revenue budget...

Published 01 May, 2024 04:14am

Profit, dividend: Jul-Mar repatriation jumps 256pc to $830.5m YoY

KARACHI: The repatriation of profit and dividend by foreign investors rose significantly by 256 percent during the...

Published 01 May, 2024 04:14am

Key states, including Pakistan: Wheat imports expected to rise: World Bank

ISLAMABAD: Wheat imports are expected to rise for key importing countries including Pakistan, says the World Bank....

Published 01 May, 2024 04:14am

Engro welcomes verdict in LNG contract case

KARACHI: The Accountability Court has honourably exonerated and acquitted our Chairman Hussain Dawood, Director ...

Published 01 May, 2024 04:14am

Rs53bn short of target: Provisional collection stands at Rs654bn in April: FBR

Taxes

It is learnt that the FBR is expected to issue increased values of immovable properties from July 1, 2024

Updated 01 May, 2024 03:24pm

Growing pressure on expenditures: Higher mark-up payments behind challenge: MoF

Total expenditures during July-February 2024 remained under pressure due to higher mark-up payments

Updated 01 May, 2024 04:36pm

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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