News Archives for Print - 2024-05-05

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Print - 2024-05-05

‘Full-blown famine’ in north Gaza, World Food chief warns

WASHINGTON: The chief of the United Nations’ food program has warned of a “full-blown famine” in northern Gaza...

Published 05 May, 2024 02:54am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Saturday (May 04, 2024). ======================================= Offset...

Published 05 May, 2024 02:54am

The Weather

KARACHI: The weather report on Saturday (May 04, 2024) and the forecast for Sunday (May 05, 2024)....

Published 05 May, 2024 02:54am

Commodities

EU sees sugar beet production to rise 2pc in 2024/25

PARIS: Sugar beet area and output will increase by 2% in the European Union next season thanks to favourable market...

Published 05 May, 2024 02:54am

Intending pilgrims advised to ensure vaccination

ISLAMABAD: Ministry of Religious Affairs and Interfaith Harmony on Saturday advised intending pilgrims to get...

Published 05 May, 2024 02:54am

Faisal Karim Kundi takes oath as KP governor

PESHAWAR: Pakistan People’s Party’s (PPP) Faisal Karim Kundi on Saturday took oath as Governor Khyber ...

Published 05 May, 2024 02:54am

PML-N general council meeting on 11th

LAHORE: A meeting of the general council of the Pakistan Muslim League-Nawaz (PML-N) has been scheduled on May 11...

Published 05 May, 2024 02:54am

Sindh Cabinet meets: Rs177.517m approved for purchase of police vehicles

KARACHI: Sindh Chief Minister Syed Murad Ali Shah presiding over a cabinet meeting approved the allocation of...

Published 05 May, 2024 02:54am

Sindh Secretary Health implementation of ‘concrete’ anti-measles strategy across province

KARACHI: Secretary Health Sindh Rehan Iqbal Baloch has issued a notification to implement a concrete strategy across...

Published 05 May, 2024 02:54am

Commodities

IT Minister launches ‘CropWise Grower’ App for farmers

LAHORE: Federal Minister of State for IT and Telecommunications Shaza Fatima Khawaja said on Saturday that agri-tech...

Published 05 May, 2024 02:54am

Wasa asked to start making arrangements for pre-monsoon rains

LAHORE: Commissioner Lahore Zaid Bin Maqsood has asked the Water and Sanitation Authority (Wasa) to start the...

Published 05 May, 2024 02:54am

Hike in cigarette prices: 18pc of people quit smoking

ISLAMABAD: Pakistan-based think tank Center for Research and Dialogue (CRD) survey disclosed that 18 percent of...

Published 05 May, 2024 02:54am

Islamabad registers rise in crime

ISLAMABAD: The capital city recorded an increase in incidents of car lifting, motorbike theft, and mobile phone...

Published 05 May, 2024 02:54am

Punjab, KP and Balochistan: President approves appointment of governors

President gives approval under Article 101(1) of the Constitution of Pakistan

Published 05 May, 2024 02:54am

‘Int’l Firefighters Day’ marked

Events planned to honor firefighters who lost their lives while performing their duties

Published 05 May, 2024 02:54am

Meeting with opposition leaders: JI chief says ready to lend support to any initiative aimed at ‘restoring’ constitution

Hafiz Naeem ur Rehman says specifics of this cooperation are to be finalised during the meeting of the JI Majlise Shura

Published 05 May, 2024 02:54am

PCB, franchises to make HBL-PSL-10 more exciting, competitive

LAHORE: The Pakistan Cricket Board (PCB) and its six franchisees, in the buildup to their General Council meeting,...

Published 05 May, 2024 02:54am

Implementation of merit, justice of oppressed top priorities: CPO

FAISALABAD: City Police Officer Kamran Adil while addressing the police officers and employees said that...

Published 05 May, 2024 02:54am

PSCA expands free Wi-Fi service to 100 points

LAHORE: The Punjab Safe Cities Authority has expanded its free Wi-Fi service from 50 to 100 points in Lahore. This...

Published 05 May, 2024 02:54am

CM inaugurates ‘Free Home Delivery of Medicines’ project

LAHORE: Launching the ‘Free Medicine Delivery Project’ for the people across Punjab, Chief Minister Maryam Nawaz...

Published 05 May, 2024 02:54am

KSA and Pakistan: transforming ties

Pakistan and Kingdom of Saudi Arabia (KSA) appear to have finally decided to put their so-called fraternal relations...

Published 05 May, 2024 02:54am

Letters

‘Bahawalnagar incident, a PR success, or…?’

This is apropos a Letter to the Editor of this writer carried by the newspaper yesterday. Furthermore, in my view,...

Published 05 May, 2024 02:54am

Dar, Nigerien counterpart reaffirm resolve to strengthen cooperation

ISLAMABAD: Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar and his Nigerien counterpart Bakary Yaou...

Published 05 May, 2024 02:54am

People’s Bus Service: Sindh CM opens Automated Fare Collection System

KARACHI: The Transport Department Government of Sindh has launched an Automated Fare Collection System in the...

Updated 05 May, 2024 09:25am

Wheat procurement: PM vows to protect farmers

LAHORE: Announcing that the federal government will procure 1.8 million metric tonnes of wheat through the Pakistan...

Updated 05 May, 2024 01:52pm

There exists Rs24trn tax revenue collection potential: PM

LAHORE: Prime Minister Muhammad Shehbaz Sharif has reiterated his commitment to put the country on the path of...

Updated 05 May, 2024 01:53pm

CCP passes merger order: Holdco acquires 100pc stake of PIACL

Holdco now holds all the liabilities, and subsidiaries of PIA, including its business, property, rights, and obligations both domestically and internationally

Updated 05 May, 2024 01:52pm

Strategic dialogue with China: Deputy PM Dar to lead team

ISLAMABAD: Deputy Prime Minister/Foreign Minister Senator Ishaq Dar is to lead Pakistan’s delegation in the fifth...

Updated 05 May, 2024 01:54pm

KE seeks Rs2.9871/unit transmission tariff for next seven years

ISLAMABAD: K-Electric has sought a transmission base tariff of Rs2.9871 per unit for seven years (July 1, 2023, to...

Updated 05 May, 2024 09:24am

Country faces the risk of decline in growth of cotton yield: FPCCI body demands Punjab govt start wheat procurement

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on Agriculture says the...

Updated 05 May, 2024 09:24am

Govt upbeat about Rs869bn PL target prospects

ISLAMABAD: The government is optimistic about surpassing the petroleum levy collection target of Rs869 billion...

Updated 05 May, 2024 09:25am

Civilians in military custody: Justice Rizvi says ‘cases be set down for early hearing’

ISLAMABAD: Justice Syed Hasan Azhar Rizvi stressed that the cases of civilians in military custody “be set down for...

Updated 05 May, 2024 09:26am

Energy

OPEC+ likely to extend production cuts in June

LONDON: Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged for a further three months...

Published 05 May, 2024 02:54am

Cotton & Textile

Spot rate firm amid sluggish business

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

Published 05 May, 2024 02:54am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday, (May 04, 2024)...

Published 05 May, 2024 02:54am

Commodities

Copper rebounds on weak dollar

LONDON: Copper prices bounced on Friday, supported by a softer dollar after weak US jobs data and revisions to...

Published 05 May, 2024 02:54am

Commodities

Cocoa prices decline further; robusta coffee also down

LONDON: London cocoa futures on ICE were lower on Friday and on track for a weekly loss of about 28%, though the ...

Published 05 May, 2024 02:54am

Energy

US natural gas futures jump on rising LNG feedgas

NEW YORK: US natural gas futures jumped by about 5% on Friday and a record 33% for the week to a 13-week high as the...

Published 05 May, 2024 02:54am

Commodities

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 26.196...

Published 05 May, 2024 02:54am

Commodities

Gold prices drift lower

BENGALURU: Gold fell to a one-month low on Friday despite weaker-than-expected US jobs data, extending a correction...

Published 05 May, 2024 02:54am

Energy

Oil prices down on US jobs data

NEW YORK: Oil prices settled lower on Friday, and posted their steepest weekly loss in three months as investors...

Published 05 May, 2024 02:54am

Commodities

Malaysian palm oil futures almost flat

KUALA LUMPUR: Malaysian palm oil futures were little change on Friday but logged a fourth consecutive week of ...

Published 05 May, 2024 02:54am

Commodities

Corn hits 3-month high

CHICAGO: US corn futures rose on Friday to their highest level since late January before paring gains and soybeans...

Published 05 May, 2024 02:54am

Commodities

Cooler May likely to rescue Russian wheat crop after record-hot April

NAPERVILLE, (Illinois): Global wheat prices earlier this week retreated from multi-month highs as Russia’s parched...

Published 05 May, 2024 02:54am

Commodities

Gold prices dip

ISLAMABAD: The per tola price of 24 karat gold decreased by Rs 1,600 and was sold at Rs. 238,000 on Saturday ...

Published 05 May, 2024 02:54am

Commodities

Agri minister meets CEO of ‘Bakhabar Kissan’

LAHORE: Punjab Minister of Agriculture Ashiq Hussain Kirmani met the Chief Executive Officer of “Bakhabar ...

Published 05 May, 2024 02:54am

Energy

Coal power producer fails to stop regulator from en-cashing bank guarantee

LAHORE: A coal power producer has failed to stop the regulator from encashing performance bank guarantee, said...

Published 05 May, 2024 02:54am

Show cause notice withdrawn: No inquiry against govt official on same charges again: LHC

LAHORE: The Lahore High Court has held that an inquiry against a government official cannot be conducted again on...

Updated 05 May, 2024 09:26am

Commodities

Euronext wheat rallies with weather risks in focus

PARIS: European wheat futures rose sharply on Friday as concern grew over forecasts for continuing dry weather in ...

Published 05 May, 2024 02:54am

Industry

Animal husbandry sector: Ahsan underscores need for stronger industry-academia ties

ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal emphasized the crucial...

Published 05 May, 2024 02:54am

Prices of essential kitchen items show mixed trend

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

Published 05 May, 2024 02:54am

BF leader describes 22pc key policy rate as ‘unfair’

PESHAWAR: Leader Businessman Forum (BF), former senator Ilyas Ahmad Bilour described retaining policy rate at 22...

Published 05 May, 2024 02:54am

Export promotion

EDITORIAL: It seems the Pakistan Business Council (PBC) is doing the government’s, especially the commerce...

Published 05 May, 2024 02:54am

Combating corruption

EDITORIAL: Speaking at a Labour Day event in Lahore, Shehbaz Sharif while talking about challenging economic...

Published 05 May, 2024 02:54am

Budget FY25: minister says govt to frame new industrial policy

LAHORE: Federal Minister for Industry and Production, Rana Tanveer Hussain, said on Saturday that the government is...

Published 05 May, 2024 02:54am

Q1'24 results: Telenor Microfinance Bank announces PKR 1.03bn profit before tax

KARACHI: Telenor Microfinance Bank (TMB) announced exceptional financial performance for the first quarter of 2024...

Published 05 May, 2024 02:54am

Industry

PBIF chief slams misuse of investigating agencies for fragile investment climate

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

Published 05 May, 2024 02:54am

MoC allows implementation of TAD to remove hurdles in Pak-Afghan trade

PESHAWAR: Federal Ministry of Commerce (MoC) has allowed implementation of Temporary Admission Documents (TAD)...

Published 05 May, 2024 02:54am

Companies

BoP joins hands with Google Cloud Startup Competition Pakistan

KARACHI: The Bank of Punjab (BoP) has joined hands with Google Cloud Startup Competition Pakistan 2024 as its...

Published 05 May, 2024 02:54am

Industry

Free Zone Agri Industrial Park inaugurated in Gwadar

ISLAMABAD: Federal Minister for Marine Affairs Qaiser Ahmad Sheikh on Saturday inaugurated Free Zone Agriculture...

Published 05 May, 2024 02:54am

Not on ATL: Phone SIMs of over 1.4m non-filers likely to be blocked

ISLAMABAD: The Federal Board of Revenue (FBR) may take similar enforcement action of blocking SIMs against 1.4...

Updated 05 May, 2024 01:53pm

Industry

US businesses to improve investment climate: Blome

LAHORE: US Ambassador to Pakistan Donald A Blome has said that they will continue working with the Pakistani...

Updated 05 May, 2024 01:54pm

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	281.85
USD PKR Interbank Buying / Mar 28	279.71
USD to Japanese Yen / Mar 28	149.88
USD to Swiss Franc / Mar 28	0.88
Pound Sterling to USD / Mar 28	1.29
Euro to USD / Mar 28	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 28	5,580.94
India Sensex / Mar 28	77,414.92
Tokyo Nikkei / Mar 28	37,120.33
Nasdaq / Mar 28	17,322.99
Hang Seng / Mar 28	23,426.60
FTSE 100 / Mar 28	8,658.85
Dow Jones / Mar 28	41,583.90
Germany DAX 30 / Mar 28	22,461.52
France CAC40 / Mar 28	7,916.08

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Crude Oil USD/Barrel / Mar 28	69.10
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Gold Spot USD/Ounce / Mar 28	3,117.20
Cotton US¢/pound / Mar 28	66.90
Petrol/Litre / Mar 30	255.63
Diesel/Litre / Mar 30	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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