News Archives for Print - 2024-05-03

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Print - 2024-05-03

The Weather

KARACHI: The weather report on Thursday (May 02, 2024) and the forecast for Friday (May 03, 2024)...

Published 03 May, 2024 06:29am

ECP secretary resigns as Omar Hamid takes charge

ISLAMABAD: In a dramatic turn of events, Secretary Election Commission of Pakistan (ECP) Dr Asif Hussain resigned a...

Published 03 May, 2024 06:29am

MALC says leprosy cases declining

KARACHI: Mervyn Francis Lobo, the CEO of the Marie Adelaide Leprosy Centre (MALC), announced that leprosy, a curable...

Published 03 May, 2024 06:29am

Sedition case: Court issues last warning to Shahbaz Gill

ISLAMABAD: A local court, on Thursday, issued the last warning to the guarantor of Pakistan Tehreek-e-Insaf (PTI)...

Published 03 May, 2024 06:29am

SC told: Rapid urbanisation devouring agriculture lands, fueling food insecurity

ISLAMABAD: The Punjab government informed the apex court that mass urbanisation and the resulting reduction in...

Published 03 May, 2024 06:29am

PML-N MNAs elected from Islamabad asked to file original Forms

ISLAMABAD: The Islamabad High Court (IHC) directed Pakistan Muslim League-Nawaz (PML-N) MNAs, elected from ...

Published 03 May, 2024 06:29am

Free yoga classes

ISLAMABAD: The Metropolitan Corporation Islamabad (MCI) is committed to enhance the well-being of its citizens by...

Published 03 May, 2024 06:29am

NHA asked to expedite ongoing projects

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal directed the National...

Published 03 May, 2024 06:29am

Bilawal reiterates his commitment to freedom of expression

ISLAMABAD: Chairman Pakistan People’s Party (PPP) Bilawal Bhutto Zardari has extended sincere solidarity to...

Published 03 May, 2024 06:29am

Energy

For fortnight from May 1: Exchange rate adjustment on petrol, diesel allowed

ISLAMABAD: The federal government allowed per litre exchange rate adjustment of Rs1.14 per litre on petrol and 17...

Published 03 May, 2024 06:29am

Rangers’ deployment in Karachi extended: Sindh cabinet approves ‘premium’ number plates

KARACHI: The Cabinet meeting in Sindh, chaired by Chief Minister Syed Murad Ali Shah, has approved several important...

Published 03 May, 2024 06:29am

Drug trafficking in schools: Sharjeel says govt to take legislative step

KARACHI: Sindh Minister Sharjeel Memon said on Thursday that the legislation will take place against drug ...

Published 03 May, 2024 06:29am

MAP elects new executive committee members & office-bearers

KARACHI: The newly-elected Executive Committee of the Management Association of Pakistan held its 599th Executive...

Published 03 May, 2024 06:29am

England goes to the polls in key local elections

LONDON: Voters went to the polls in England on Thursday for a host of crunch local elections likely to ratchet up ...

Published 03 May, 2024 06:29am

US universities ‘contaminated by hatred, anti-Semitism’: Israel

OCCUPIED JERUSALEM: Israel’s president on Thursday slammed US universities for campus unrest over Israel’s war ...

Published 03 May, 2024 06:29am

Europe

Macron floats Ukraine troop deployment if frontline breached

PARIS: French President Emmanuel Macron said the question of sending Western troops to Ukraine would...

Published 03 May, 2024 06:29am

Punjab CM vows complete polio eradication across province

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif presided over the Polio Oversight Board meeting in which it was...

Published 03 May, 2024 06:29am

Temperature set to cross 40C across Punjab

LAHORE: Maximum temperature is all set to cross 40C during the first two weeks of the month of May throughout Punjab...

Published 03 May, 2024 06:29am

Neelum Jhelum plant shutdown for physical inspection

LAHORE: The 969 MW Neelum Jhelum hydropower plant was shutdown the other day for physical inspection of its head ...

Published 03 May, 2024 06:29am

PCB announces 18-member squad for Ireland, England tours

LAHORE: Pakistanis selectors have recalled fast bowler Haris Rauf and medium-pacer Hasan Ali for the T20...

Published 03 May, 2024 06:29am

Acting Governor Punjab mets US Ambassador

LAHORE: Acting Governor of Punjab, Malik Muhammad Ahmad Khan, met with US Ambassador Donald Blome in the Assembly...

Published 03 May, 2024 06:29am

Funeral prayer of martyred constable offered

LAHORE: The funeral prayer of martyred Constable Ghulam Rasool of Lahore Police was offered at Police Lines Qila...

Published 03 May, 2024 06:29am

Taxes

‘Frivolous plea’: IHC imposes fine on CIR Islamabad LTO

ISLAMABAD: Islamabad High Court (IHC) has imposed a fine of Rs500,000 on Commissioner Inland Revenue, Large Taxpayer...

Published 03 May, 2024 06:29am

Mahmood Achakzai sends legal notices to ex-minister, others

QUETTA: Pashtunkhwa Milli Awami Party (PMAP) chief Mahmood Khan Achakzai on Thursday sent a legal notice to former...

Published 03 May, 2024 06:29am

Minister for increasing resources to serve people better

LAHORE: Punjab Finance Minister Mujtaba Shuja-ur-Rehman emphasised the necessity of increasing the provincial...

Published 03 May, 2024 06:29am

Minister directs SEPA to set up help desk

KARACHI: Provincial Minister for Environment, Climate Change and Coastal Development, Dost Muhammad Rahimoon has...

Published 03 May, 2024 06:29am

‘Need to formalise status of women home-based workers within workforce’

FAISALABAD: “It is imperative that authorities and political decision makers should recognise the vital...

Published 03 May, 2024 06:29am

UN estimates rebuilding Gaza will cost $30bn to $40bn

AMMAN: A UN agency said Thursday rebuilding war-wracked Gaza will cost an estimated $30 billion to $40 billion and...

Published 03 May, 2024 06:29am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (May 02, 2024). ==================================== BR...

Published 03 May, 2024 06:29am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (May 02, 2024). ======================================= Offset...

Published 03 May, 2024 06:29am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 02, 2024)....

Published 03 May, 2024 06:29am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (May 02, 2024). ========================== KIBOR...

Published 03 May, 2024 06:29am

Rates

LME official prices

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

Published 03 May, 2024 06:29am

PARTLY FACETIOUS: Ishaq Dar’s affidavit was the longest

“I reckon Nawaz Sharif was stopped because he was going to surpass Julius Caesar.” “Are you out of your mind! Caesar...

Published 03 May, 2024 06:29am

Rates

Activities of Port Qasim

KARACHI: Shipping activity was report at the port where five ships namely, Maersk Cairo, Akij Moon, Sea Song, ...

Published 03 May, 2024 06:29am

Stocks

Indian shares log gains on less-hawkish Fed

BENGALURU: Indian shares advanced on Thursday as a less hawkish stance by the US Federal Reserve on rate hikes eased...

Published 03 May, 2024 06:29am

Stocks

Gulf markets end mixed; Qatar hits six-month low

DUBAI: Stock markets in the Gulf put in a mixed performance while the Qatari index hit a six-month low on Thursday...

Published 03 May, 2024 06:29am

Stocks

Nikkei stumbles as yen gains

TOKYO: Japan’s Nikkei share average finished lower for a second consecutive day on Thursday, with the yen’s...

Published 03 May, 2024 06:29am

Stocks

European shares ease after Fed decision

PARIS: European shares fell slightly in their first May trading session on Thursday as investors returned from a...

Published 03 May, 2024 06:29am

Stocks

Wall Street gains on Fed’s dovish signals

NEW YORK: Wall Street’s main indexes advanced on Thursday, a day after the Federal Reserve left interest rates...

Published 03 May, 2024 06:29am

Dismal savings: Pakistan’s growth barrier

Pakistan has the one of the lowest savings rates in the world. During the past decade, Pakistan’s savings rate has...

Published 03 May, 2024 06:29am

Letters

Finally, Pakistan will Orbit the Moon

Pakistan’s ICUBE-Q satellite is set to be transported by China’s Chang’e 6 spacecraft, scheduled to depart ...

Published 03 May, 2024 06:29am

Climate change, plastic pollution, and waste management

Pakistan is among the top-ten climate change vulnerable country. Global warming needs to be controlled, and a...

Published 03 May, 2024 06:29am

Transparency, taxation & reforms

Macroeconomic conditions have improved over the course of the program. Growth of 2 percent is expected in FY24 given...

Published 03 May, 2024 06:29am

Officials visit Bradford, meet British-Pakistanis

ISLAMABAD: As part of the UK Foreign, Commonwealth and Development Office (FCDO)’s efforts to connect with ...

Published 03 May, 2024 06:29am

Pakpattan police recover drugs worth Rs2.26m

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

Published 03 May, 2024 06:29am

PKRC concerned over outcomes of meeting in Dubai

LAHORE: The Pakistan Kissan Rabita Committee (PKRC) has expressed its deep concern over the outcomes of the first...

Published 03 May, 2024 06:29am

Polio drive: commissioner for focusing on nomad places, travelling points

LAHORE: Commissioner Lahore Zaid bin Maqsood said that for the polio campaign full focus must be given to nomad...

Published 03 May, 2024 06:29am

Rescue-1122 rescues 172,176 victims in April

LAHORE: The Emergency Services Department (Rescue-1122) has rescued 172,176 victims while responding to 176,401...

Published 03 May, 2024 06:29am

Sehat Kahani, Rotary Pakistan Smart Villages sign MoU

KARACHI: Sehat Kahani and Rotary Pakistan Smart Villages have formalised a strategic partnership through a ...

Published 03 May, 2024 06:29am

Army well aware of its ‘constitutional limits’: COAS

ISLAMABAD: Army Chief General Asim Munir underscored the military’s commitment to upholding Constitutional...

Published 03 May, 2024 06:29am

Economies in developing Asia ageing fast: Pakistan will still have shares below 10pc by 2050: ADB

ISLAMABAD: Some economies in developing Asia are ageing rapidly, however, Pakistan will still have shares lower than...

Updated 03 May, 2024 09:30am

PTI issues white paper on ‘vote rigging’

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Thursday issued a detailed 234-page ‘white paper’ on alleged ...

Published 03 May, 2024 06:29am

Rates

PSX stays depressed

KARACHI: Pakistan Stock Exchange on Thursday remained under pressure and closed in red zone due to selling in ...

Published 03 May, 2024 06:29am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (May 02, 2024)...

Published 03 May, 2024 06:29am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (May 02, 2024)....

Published 03 May, 2024 06:29am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (May 02, 2024). ======================== Open Bid Rs...

Published 03 May, 2024 06:29am

Forex

Open market rates of foreign currencies

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

Published 03 May, 2024 06:29am

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 03 May, 2024 06:29am

Commodities

Wheat support price should continue for farmers: FPCCI

KARACHI: Atif Ikram Sheikh, President FPCCI, has said that wheat support price should continue for the farmers as...

Published 03 May, 2024 06:29am

Energy

Oil slides to 7-week low

NEW YORK: Oil prices fell to a seven-week low for the second consecutive session on Thursday, weighed by weakening...

Published 03 May, 2024 06:29am

Cotton & Textile

Sluggish business on cotton market

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

Published 03 May, 2024 06:29am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (May 02, 2024)...

Published 03 May, 2024 06:29am

Commodities

Copper retreats on concern over weak demand in China

LONDON: Copper prices extended losses on Thursday, pressured by concern that the market’s surge to two-year highs...

Published 03 May, 2024 06:29am

Grains

EU wheat steadies as Russia rain hopes fade

PARIS: Euronext wheat steadied on Thursday after a two-day fall as the latest weather forecasts lowered expectations...

Published 03 May, 2024 06:29am

Commodities

Gold falls as investors evaluate US rate cut prospects

BENGALURU: Gold prices fell on Thursday as investors assessed the prospects of monetary policy easing in the US this...

Published 03 May, 2024 06:29am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 28.506...

Published 03 May, 2024 06:29am

Commodities

Global rice market stable but weather risk remains

SINGAPORE: Global rice supplies have stabilised after last year’s rally, although the market remains vulnerable to...

Published 03 May, 2024 06:29am

Commodities

Asia coffee: Trade tepid post holiday in Vietnam, premiums up in Indonesia

HANOI/BANDAR LAMPUNG, (Indonesia): Trading activities stayed lacklustre in Vietnam, the world’s biggest robusta...

Published 03 May, 2024 06:29am

Grains

Chicago wheat rebounds with Black Sea risks in focus

PARIS/CANBERRA: Chicago wheat futures climbed 1.5% on Thursday, snapping a three-day fall as drier weather forecasts...

Published 03 May, 2024 06:29am

Commodities

Japanese rubber futures dip amid lacklustre demand

SINGAPORE: Japanese rubber futures dipped for a second session on Thursday amid muted trading as China goes on a ...

Published 03 May, 2024 06:29am

Commodities

‘Agriculture holds key to prosperity, food security’

LAHORE: Agriculture, as a sector, holds the key to prosperity, food security, and the socio-economic upliftment of...

Published 03 May, 2024 06:29am

Cotton & Textile

Govt plans to revive southern Punjab as hub of cotton production

LAHORE: The current provincial government is determined to revive Southern Punjab as a hub for cotton production,...

Published 03 May, 2024 06:29am

Energy

April sales 6-month low: OMCs

ISLAMABAD: Oil marketing companies (OMCs) in April 2024 posted monthly sales of 1.1mn tons which is six months low...

Published 03 May, 2024 06:29am

Energy

China solar power development driving down production costs

LAHORE: China large-scale development of solar power, coupled with continuous innovation and a complete industrial...

Published 03 May, 2024 06:29am

Commodities

Gold jewellery, foreign currency worth Rs190m seized JIAP

KARACHI: Pakistan Customs officials claimed to have seized gold jewellery and foreign currency worth Rs 190 million...

Published 03 May, 2024 06:29am

Energy

SSGC removes over 5,200 illegal gas connections

KARACHI: In a relentless effort to control the menace of gas theft, SSGC continued to conduct raids in its franchise...

Published 03 May, 2024 06:29am

PM says cut in inflation good news for people

ISLAMABAD: Prime Minister Shehbaz Sharif has said that the reduction in inflation is good news for the people. The...

Published 03 May, 2024 06:29am

Poor implementation of track-and-trace system: PM orders Bosal to identify erring officials

ISLAMABAD: The government held several meetings on the Federal Board of Revenue (FBR) Thursday including a meeting...

Updated 03 May, 2024 09:20am

Developing nations: ICMA discusses role of IMF lending in economies

KARACHI: The Institute of Cost and Management Accountants (ICMA) has shed light on the vital yet intricate role...

Published 03 May, 2024 06:29am

Education emergency

EDITORIAL: Under the eighth UN Millennium Development goals, among other targets, Pakistan was committed to ...

Published 03 May, 2024 06:29am

Cost of IMF’s bailouts

EDITORIAL: It is instructive that statements like former prime minister Shahid Khaqan Abbasi’s latest nugget, that...

Published 03 May, 2024 06:29am

Palestinian GDP seen falling 27pc on seven months of war: UNDP

WASHINGTON: The Palestinian economy is estimated to shrink by 26.9 percent after seven months of war, with the...

Published 03 May, 2024 06:29am

HCCI criticises SBP for not lowering interest rate

HYDERABAD: President Hyderabad Chamber of Commerce and Industry (HCCI) Adeel Siddiqui has expressed his surprise ...

Published 03 May, 2024 06:29am

Industry

Mongolian envoy stresses increasing bilateral trade

KARACHI: Deputy Head of Mission from the Embassy of Mongolia Lkhanaajav Munkhtushig has expressed keenness to expand...

Published 03 May, 2024 06:29am

Unchanged interest rates: SBP decision disappoints business community

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

Published 03 May, 2024 06:29am

Companies

Deal signed under 20-year BOOT model: Burj, PCL to develop and finance first wind power project

KARACHI: Burj Solar and Power Cement Limited (PCL) have signed an agreement to develop and finance the country’s...

Published 03 May, 2024 06:29am

Taxes

Blocking SIMs of over 0.5m non-filers: PTA yet to decide on FBR decision

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) is yet to decide on the Federal Board of Revenue’s (FBR’s)...

Published 03 May, 2024 06:29am

Taxes

Well-organised documented sectors: PBC urges FBR to rationalise ‘super tax’

ISLAMABAD: Pakistan Business Council (PBC) has proposed the Federal Board of Revenue (FBR) to rationalise ‘super...

Published 03 May, 2024 06:29am

Taxes

ADB informed about FBR automation

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday informed the Asian Development Bank (ADB) that the FBR ...

Published 03 May, 2024 06:29am

Banks slow to limit coal financing: NGO

FRANKFURT, (Germany): Banks lent almost $470 billion to the coal industry between 2021 and 2023, according to a ...

Published 03 May, 2024 06:29am

Pak Suzuki slashes prices on Swift models

Companies

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 15	280.63
USD PKR Interbank Buying / Apr 15	280.43
USD to Japanese Yen / Apr 15	143.15
USD to Swiss Franc / Apr 15	0.81
Pound Sterling to USD / Apr 15	1.32
Euro to USD / Apr 15	1.14
UK LIBOR % / Apr 14	4.96

Stock	Volume
S&P 500 / Apr 14	5,405.97
Nasdaq / Apr 14	16,831.48
Dow Jones / Apr 14	40,524.79
India Sensex / Apr 15	76,780.06
Tokyo Nikkei / Apr 15	34,267.54
Hang Seng / Apr 15	21,470.46
FTSE 100 / Apr 15	8,209.09
Germany DAX 30 / Apr 15	21,175.70
France CAC40 / Apr 15	7,263.20

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 14	16,785
Gold 10 Grams PKR / Apr 14	290,466
Petrol/Litre / Apr 15	254.63
Crude Oil USD/Barrel / Apr 15	61.77
Gold Spot USD/Ounce / Apr 15	3,224.76
Diesel/Litre / Apr 15	258.64
Cotton US¢/pound / Apr 15	65.75

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Apr 15 PICIC Insurance Limited(PIL)	2.93 ▲ 0.78 (36.28%)
Gulshan Sp. / Apr 15 Gulshan Spinning Mills Limited(GSPM)	3.79 ▲ 0.62 (19.56%)
Escorts Bank / Apr 15 Escorts Investment Bank Limited(ESBL)	6.59 ▲ 0.95 (16.84%)
Tariq Corp.Pref. / Apr 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.29 ▲ 0.79 (10.53%)
First Capital Equities / Apr 15 First Capital Equities Limited(FCEL)	4.97 ▲ 0.47 (10.44%)
Sanghar Sugar / Apr 15 Sanghar Sugar Mills Limited(SANSM)	55.51 ▲ 5.05 (10.01%)
Redco Textile / Apr 15 Redco Textiles Limited(REDCO)	25.27 ▲ 2.3 (10.01%)
Tariq Corporation / Apr 15 Tariq Corporation Limited(TCORP)	16.16 ▲ 1.47 (10.01%)
Gammon Pak / Apr 15 Gammon Pakistan Limited(GAMON)	25.60 ▲ 2.33 (10.01%)
Bawany Air Products / Apr 15 Bawany Air Products Limited(BAPL)	34.95 ▲ 3.18 (10.01%)

Stock	Price
Arpak Int. / Apr 15 Arpak International Investments Ltd.(ARPAK)	63 ▼ -7 (-10%)
Aisha Steel(ConPS) / Apr 15 Aisha Steel(ConPS)(ASLPS)	15.11 ▼ -1.51 (-9.09%)
LSE Capital / Apr 15 LSE Capital Limited(LSECL)	5 ▼ -0.5 (-9.09%)
Power Cem(Pref) / Apr 15 Power Cement (Pref)(POWERPS)	13.55 ▼ -1.28 (-8.63%)
First Tri-Star Mod. / Apr 15 First Tri-Star Modaraba(FTSM)	12.03 ▼ -1.04 (-7.96%)
Ruby Textile / Apr 15 Ruby Textile Mills Limited(RUBY)	7.20 ▼ -0.57 (-7.34%)
Philip Morris Pak. / Apr 15 Philip Morris (Pakistan) Limited(PMPK)	1,171 ▼ -90.48 (-7.17%)
Stylers International / Apr 15 Stylers International Limited(STYLERS)	39.30 ▼ -2.7 (-6.43%)
Calcorp Ltd / Apr 15 Calcorp Limited(CASH)	37 ▼ -2.52 (-6.38%)
Janana De Malucho / Apr 15 Janana De Malucho Textile Mills Limited(JDMT)	48.55 ▼ -3.3 (-6.36%)

Stock	Volume
Cnergyico PK / Apr 15 Cnergyico PK Limited(CNERGY)	55,091,076 ▼ -0.18
Pak Int.Bulk / Apr 15 Pakistan International Bulk Terminal(PIBTL)	45,232,730 ▼ -0.25
Sui South Gas / Apr 15 Sui Southern Gas Company Limited(SSGC)	31,842,819 ▼ -0.61
B.O.Punjab / Apr 15 The Bank of Punjab(BOP)	27,341,890 ▼ -0.14
TRG Pak Ltd / Apr 15 TRG Pakistan Limited(TRG)	21,450,408 ▲ 3.76
Dewan Cement / Apr 15 Dewan Cement Limited(DCL)	19,356,973 ▲ 0.22
Pak Elektron / Apr 15 Pak Elektron Limited(PAEL)	17,487,097 ▼ -0.32
Engro Powergen / Apr 15 Engro Powergen Qadirpur Limited(EPQL)	15,435,358 ▲ 0.53
Fauji Foods Ltd / Apr 15 Fauji Foods Limited(FFL)	15,345,048 ▲ 0.53
K-Electric Ltd. / Apr 15 K-Electric Limited(KEL)	13,886,346 ▼ -0.01

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