News Archives for Print - 2024-05-07

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Print - 2024-05-07

The Weather

KARACHI: The weather report on Monday (May 06, 2024) and the forecast for Tuesday (May 07, 2024)...

Published 07 May, 2024 08:05am

Industry

TRACIT recommends ‘Anti-Illicit Trade Coordinator’ to deal with challenge of illicit trade

ISLAMABAD: The Transnational Alliance to Combat Illicit Trade (TRACIT) recommended “Anti-Illicit Trade...

Published 07 May, 2024 08:05am

Students: Sharjeel says govt plans to conduct random tests for drugs

KARACHI: Minister for Information, Excise, Taxation, Narcotics Control, Transport and Mass Transit Sharjeel Inam...

Published 07 May, 2024 08:03am

Erdogan opens former church to Muslim worshippers

ISTANBUL: Turkey on Monday reopened a mosque converted from an ancient Orthodox church in Istanbul for Muslim...

Published 07 May, 2024 07:59am

USA

Judge fines Trump again in criminal trial, warns of jail time

NEW YORK: The judge in Donald Trump’s criminal trial fined him $1,000 and held him in contempt of court for a 10th...

Published 07 May, 2024 07:57am

Money & Banking

India’s 6-week long national election leaves cenbank with liquidity dilemma

MUMBAI: India’s central bank is stepping in to ease banking system liquidity conditions as a national election...

Published 07 May, 2024 07:43am

Commodities

Palm oil rises tracking soyoil, but export concerns linger

SINGAPORE: Malaysian palm oil futures closed higher on Monday, tracking gains in rival soyoil prices, although...

Published 07 May, 2024 07:43am

IAEA chief seeks tougher nuclear checks in Iran, with limited leverage

VIENNA: UN nuclear watchdog chief Rafael Grossi flew to Iran on Monday hoping to bolster his agency’s oversight of...

Published 07 May, 2024 07:43am

Europe

EU clears $14.9bn purchase of US Steel by Japan’s Nippon

BENGALURU: The European Union cleared US Steel’s $14.9 billion buyout by Japan’s Nippon Steel on Monday, ...

Published 07 May, 2024 07:41am

Europe

Russia threatens strikes on UK military targets in Ukraine ‘and beyond’

MOSCOW: Moscow on Monday said it that it could launch strikes at British military targets inside Ukraine and...

Published 07 May, 2024 07:40am

South Asia

BJP’s election videos targeting Muslims and opposition spark outrage

NEW DELHI: Animated videos shared by Prime Minister Narendra Modi’s party targeting opposition Congress and the...

Published 07 May, 2024 07:39am

Commodities

Gold gains on soft dollar, rate cut hopes

NEW YORK: Gold prices climbed more than 1 percent on Monday, as the US dollar weakened after softer-than-expected US...

Published 07 May, 2024 07:38am

Commodities

Shanghai lead prices near 6-year high

SHANGHAI: Lead prices in Shanghai surged to near their highest in six years on Monday, driven by a supply tightness...

Published 07 May, 2024 07:37am

Cotton & Textile

Cotton market remains bearish with low volume

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

Published 07 May, 2024 07:36am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 283,995 tonnes of cargo comprising 91,949 tonnes of import cargo and 192,046 ...

Published 07 May, 2024 07:34am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 38.215...

Published 07 May, 2024 07:32am

Energy

US natgas flows to Freeport LNG in Texas rise to 2-month high

NEW YORK: The amount of natural gas flowing to Freeport LNG’s export plant in Texas rose to a two-month high on...

Published 07 May, 2024 07:31am

Commodities

Russian wheat export prices continue to rise

MOSCOW: Russian wheat export prices continued to rise last week as volatile weather conditions made crop forecasts...

Published 07 May, 2024 07:31am

Energy

Oil climbs as Gaza tensions rise, KSA hikes prices

HOUSTON: Oil futures rose on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect...

Published 07 May, 2024 07:30am

Commodities

Shanghai copper falls on first trading session after holiday

Shanghai: Shanghai copper prices fell on Monday tracking losses in London, amid a firmer dollar and a lack of clear...

Published 07 May, 2024 07:29am

Stocks

Most Gulf markets muted as Mideast tension rises

DUBAI: Most stock markets in the Gulf were subdued on Monday amid rising fears the Israel-Hamas conflict could still...

Published 07 May, 2024 07:27am

Stocks

China shares book catch-up rally

SHANGHAI: Mainland Chinese shares staged a catch-up rally tracking their regional peers on Monday as investors...

Published 07 May, 2024 07:25am

Stocks

European shares close at highest in week

PARIS: European shares closed at their highest levels in one week on Monday, with investor optimism over interest...

Published 07 May, 2024 07:24am

Stocks

Wall Street climbs on renewed hopes of rate cuts

NEW YORK: US stock indexes extended last week’s gains on Monday as investors saw a greater chance of the Federal...

Published 07 May, 2024 07:23am

Money & Banking

Indian rupee ends weaker

MUMBAI: The Indian rupee ended lower on Monday as dollar demand from local oil companies and other importers,...

Published 07 May, 2024 07:22am

Money & Banking

Yuan surges to 6-week high

SHANGHAI: China’s yuan had a catch-up rally and surged to a six-week high against the dollar on Monday, the first...

Published 07 May, 2024 07:21am

Money & Banking

Dollar weaker on renewed Fed rate cut hopes

NEW YORK: The dollar index was lower on Monday for a fourth straight session as a softer-than-expected US jobs ...

Published 07 May, 2024 07:18am

Money & Banking

Australian dollar firmer

SYDNEY: The Australian dollar edged higher on Monday as investors wagered the country’s central bank would sound...

Published 07 May, 2024 07:17am

Action begins against quacks across Punjab: minister

LAHORE: Provincial Health Minister Khawaja Salman Rafique said on Monday that Chief Minister Maryam Nawaz Sharif is...

Published 07 May, 2024 07:16am

Middle East

Iraq hangs 11 convicted of ‘terrorism’

NASIRIYAH: Iraqi authorities on Monday executed by hanging 11 people convicted of “terrorism”, security and...

Published 07 May, 2024 07:13am

Middle East

Rafah residents flee strikes after Israeli evacuation order

Biden urged Israel not to press ahead with an assault on Rafah

Published 07 May, 2024 07:13am

Macro-economic situation: Aurangzeb briefs World Bank official

ISLAMABAD: South Asia Regional Vice President (SARVP) of the World Bank Martin Raiser called on the Federal Minister...

Published 07 May, 2024 07:07am

Bilawal pays tribute to Jiyala Razzaque

ISLAMABAD: Chairman Pakistan People's Party (PPP) Bilawal Bhutto-Zardari has paid glowing tribute to the indomitable...

Published 07 May, 2024 07:07am

CM tells newly-appointed Acs: ‘Bring ease & convenience in people’s lives’

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif said on Monday that Public service is not only the responsibility...

Published 07 May, 2024 07:05am

Companies

Foodpanda champions Women Empowerment at WIBCON '24

KARACHI: Foodpanda, a delivery platform, participated in the Women in Business and Leadership Conference (WIBCON)...

Published 07 May, 2024 07:04am

ET issues notices to ECP on pleas challenging Ahsan’s victory

LAHORE: An election tribunal on Monday issued notices to the Election Commission of Pakistan (ECP) on three separate...

Published 07 May, 2024 07:02am

‘Interest rate should be reduced to 2pc’

FAISALABAD: Former chairman All Pakistan Cotton Power Looms Association and former president FCCI Chaudhry Muhammad...

Published 07 May, 2024 06:58am

Energy

KE’s renewable ambitions garner interest from developers

KARACHI: While Pakistan contributes less than 1.0 percent towards global carbon emissions, a combination of...

Published 07 May, 2024 06:55am

Money & Banking

Legal heirs of bank defaulter fail to hide behind ˜expired CNIC to deny finance

LAHORE: Legal heirs of a Zarai Taraqiati Bank Limited (ZTBL) defaulter failed to hide behind the plea of an expired...

Published 07 May, 2024 06:53am

Plea seeking formation of new ECP: LHC adjourns proceedings

LAHORE: The Lahore High Court (LHC) on Monday adjourned the proceedings on a petition of a citizen Talib Hussain...

Published 07 May, 2024 06:53am

OIC group for early, peaceful resolution of Kashmir dispute

ISLAMABAD: The Contact Group of the Organization of Islamic Cooperation (OIC) on Jammu and Kashmir took stock of the...

Published 07 May, 2024 06:52am

Pakistan’s journey towards sustainable development

ISLAMABAD: Today marks a pivotal moment in Pakistan's journey towards sustainable development as the United States...

Published 07 May, 2024 06:51am

PTI body vows to double efforts

ISLAMABAD: The parliamentary committee of Pakistan Tehreek-e-Insaf (PTI) on Monday discussed different plans of...

Published 07 May, 2024 06:49am

Pyrolysis plants completely banned in Lahore

LAHORE: Commissioner Lahore Zaid bin Maqsood reiterated that the pyrolysis plants (recycling machine that converts...

Published 07 May, 2024 06:48am

Saudi investors take advantage of opportunities thru SIFC: PM

ISLAMABAD: Prime Minister Shehbaz Sharif has said that Saudi investors can take advantage of investment ...

Published 07 May, 2024 06:47am

Sustainable development not possible without peace: minister

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said on Monday that it is...

Published 07 May, 2024 06:46am

World Bank official, ministers discuss reforms agenda, technical assistance

ISLAMABAD: Federal Minister for Petroleum Dr Musadik Malik and Federal Minister for Power Awais Leghari held a...

Published 07 May, 2024 06:43am

Italian envoy visits Karachi

KARACHI: The Ambassador of Italy to Pakistan, Marilina Armellin visited Karachi recently, accompanied with Italian...

Published 07 May, 2024 06:16am

Wheat scam: PTI demands judicial commission

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) demanded on Monday to form a high-powered judicial commission to probe ...

Published 07 May, 2024 06:15am

Jaffar Mandokhail sworn in as Governor Balochistan

QUETTA: Pakistan Muslim League Nawaz’s (PML-N) Sheikh Jaffar Mandokhail on Monday sworn in as Governor ...

N.A. Usmani, Secretary General, The Insurance Association of Pakistan The Insurance Association of Pakistan (IAP),...

Published 07 May, 2024 06:05am

Ex-minister Jose Raul Mulino wins Panama presidential race

PANAMA CITY: Jose Raul Mulino, the protege of a graft-convicted former head of state, was declared Panama’s...

Published 07 May, 2024 06:05am

The dumb national electricity policy of 2021

A good public policy is one that addresses a societal problem effectively, is based on evidence and research,...

Published 07 May, 2024 06:05am

Letters

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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