News Archives for Print - 2024-05-03

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Print - 2024-05-03

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

‘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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

LME official prices

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

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

Shipping Intelligence

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

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

BRIndex100 and BR Sectoral Indices

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Excessive wheat import: Caretakers likely to find themselves in the dock

Federal Minister for National Food Security and Research Rana Tanveer says caretaker government during its tenure imported wheat that caused the problem

Updated 03 May, 2024 09:38am

PM asks Aurangzeb to revise borrowing limit for provinces

ISLAMABAD: Prime Minister Shehbaz Sharif has directed Finance Minister Muhammad Aurangzeb to revise borrowing limit...

Updated 03 May, 2024 09:26am

FBR reforms top priority, says minister

ISLAMABAD: The federal government on Thursday reaffirmed its priority towards the Federal Board of Revenue (FBR)...

Published 03 May, 2024 06:29am

Active privatisation list: Six additional public sector entities added

ISLAMABAD: The federal government, on Thursday, added six additional public sector entities in active privatisation...

Updated 03 May, 2024 09:20am

PM forms body to probe wheat import matter

ISLAMABAD: Prime Minister Shehbaz Sharif has formed an inquiry committee regarding import of wheat under the...

Updated 03 May, 2024 09:24am

PPIB urges S Arabia to finalise G2G framework pact

ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has asked Saudi Arabia to expedite finalization of...

Updated 03 May, 2024 09:22am

IPP payments, Gwadar power plant: MoFA asks PD to address Chinese concerns

ISLAMABAD: The Ministry of Foreign Affairs (MoFA) has asked Power Division to develop concrete measures to address...

Updated 03 May, 2024 09:33am

FO responds to speculation: Govt has no plan to offer air bases to foreign govt

ISLAMABAD: The Foreign Office on Thursday rubbished “speculations” of Pakistan giving “two airbases” to the United...

Updated 03 May, 2024 09:19am

9MFY24 collection: Provinces given 53pc of total revenue under NFC Award

ISLAMABAD: The provinces were transferred 53 percent of the total tax revenue collected during the first nine months...

Updated 03 May, 2024 09:31am

April CPI-based inflation soars 17.3pc YoY

ISLAMABAD: The Consumer Price Index (CPI) based inflation increased to 17.3 percent on a year-on-year (YoY) basis in...

Published 03 May, 2024 06:29am

Companies

Pak Suzuki slashes prices on Swift models

KARACHI: Pak Suzuki Motor Company Limited has taken a surprise move, slashing the prices of its popular Swift...

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

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

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

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

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

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

Mongolian envoy stresses increasing bilateral trade

Industry

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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