News Archives for Print - 2024-05-08

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Print - 2024-05-08

Industry

CWEIC CE invites cos to attend Commonwealth Business Forum 2024

KARACHI: Rosie Glazebrook, Chief Executive of Commonwealth Enterprise & Investment Council (CWEIC), invited...

Published 08 May, 2024 08:01am

President DCAA inaugurates ‘ATM 2024’ event at DWTC

KARACHI: Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA), Chairman of Dubai...

Published 08 May, 2024 07:58am

Money & Banking

DIBPL joins IFC’s global trade finance programme

KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) has signed an Issuing Bank Agreement (IBA) with the...

Published 08 May, 2024 07:58am

Companies

Real estate group IMARAT enters capital market with REIT licence

KARACHI: IMARAT Group of Companies, a renowned name in Pakistan’s real estate sector, achieved a significant...

Published 08 May, 2024 07:57am

Industry

Pakistan’s dairy industry: USAID organises workshop on how to deal with challenge of methane emissions

ISLAMABAD: The United States Agency for International Development (USAID) brought together stakeholders from various...

Published 08 May, 2024 07:54am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR19.746 ...

Published 08 May, 2024 07:36am

Commodities

Iron ore prices hold steady on property stimulus hopes

BEIJING: Iron ore futures prices were largely unchanged on Tuesday, following a strong increase the previous day, as...

Published 08 May, 2024 07:35am

Stocks

China stocks edge up, led by properties

SHANGHAI: China stocks closed up on Tuesday, led by property shares, as a slew of measures helped lift sentiment in...

Published 08 May, 2024 07:35am

Stocks

Tokyo stocks close higher

TOKYO: Tokyo stocks closed higher on Tuesday after a series of public holidays in Japan, as investors took heart ...

Published 08 May, 2024 07:33am

Energy

Oil slides as easing supply concerns overshadow ME tensions

NEW YORK: Oil prices steadied on Tuesday as easing supply concerns and signs of weakening demand countered fears of...

Published 08 May, 2024 07:33am

Commodities

Gold eases as dollar ticks higher, Fed speaker on tap

NEW YORK: Gold prices slipped on Tuesday as the US dollar firmed, while investors awaited more comments from Federal...

Published 08 May, 2024 07:33am

Cotton & Textile

Spot rate inert on cotton market

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

Published 08 May, 2024 07:33am

Commodities

Malaysian palm oil up on weather woes at oilseeds plantations

SINGAPORE: Malaysian palm oil futures rose for a second session to close at a more-than-one-week high on Tuesday,...

Published 08 May, 2024 07:33am

Commodities

Chicago corn rises

JAKARTA: Chicago corn climbed for a fifth straight session on Tuesday amid reports of a delay in the US planting...

Published 08 May, 2024 07:33am

Commodities

Japanese rubber futures rise on poor weather

SINGAPORE: Japanese rubber futures rose on Tuesday after returning from a long holiday, supported by adverse weather...

Published 08 May, 2024 07:33am

Money & Banking

Yuan softens after weaker PBOC guidance

SHANGHAI: China’s yuan weakened against the dollar on Tuesday, pulling back from the previous day’s six-week ...

Published 08 May, 2024 07:32am

Money & Banking

Dollar edges lower but up against yen

NEW YORK: The US dollar slipped on Tuesday but strengthened against the Japanese yen as expectations of large...

Published 08 May, 2024 07:31am

Money & Banking

Asian currencies subdued

BENGALURU: Most Asian equities markets continued a bullish run on Tuesday on the back of renewed bets for US rate...

Published 08 May, 2024 07:30am

Stocks

European shares close at record highs on financials boost

PARIS: European shares closed at record high levels on Tuesday, with financials stocks in the spotlight following...

Published 08 May, 2024 07:29am

Stocks

Wall Street extends gains as rate-cut hopes linger

NEW YORK: US stock indexes rose on Tuesday, extending their recent run on expectations that the Federal Reserve will...

Published 08 May, 2024 07:29am

Energy

US natgas prices hold near 14-week high

NEW YORK: US natural gas futures held near a 14-week high on Tuesday as a bullish decline in output and increase in...

Published 08 May, 2024 07:26am

Commodities

Copper heads towards two-year highs

LONDON: Copper prices pushed towards two-year highs on Tuesday as focus returned to tight supplies and hopes of...

Published 08 May, 2024 07:25am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (May 07, 2024)...

Published 08 May, 2024 07:22am

Letters

‘Wheat, wheat everywhere…’

BR op-ed writer Rashed Rahman deserves accolades for presenting the causes and reasons of ‘Pakistan’s Kissan...

Published 08 May, 2024 07:14am

The mirage of financial freedom

The tantalizing promise of “financial freedom” has always been a magnet for the middle class, the unskilled, and...

Published 08 May, 2024 07:12am

PHDEC hosts ‘pre-season mango’ seminar

HYDERABAD: Pakistan Horticulture Development & Export Company (PHDEC) hosted a Pre-Season Mango Seminar, ...

Updated 08 May, 2024 07:55am

Rates

Activities of Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 132,677 tonnes of cargo comprising 54,210 tonnes of import cargo and 78,467...

Published 08 May, 2024 07:07am

Israel seizes Rafah crossing as Gaza truce talks resume

RAFAH, (Palestinian Territories): Israel sent tanks into Rafah in southern Gaza, seizing control of the border...

Published 08 May, 2024 06:43am

Putin starts new six-year term with challenge to the West

MOSCOW: Russian President Vladimir Putin said it was up the West to choose between confrontation and cooperation as...

Published 08 May, 2024 06:43am

Europe student Gaza protests spread, sparking clashes, arrests

AMSTERDAM: Student protests to demand that universities break ties with Israel over the Gaza war spread across ...

Published 08 May, 2024 06:43am

PML-N and PPP: Governor says he will play role in building bridges

ISLAMABAD: The Pakistan Peoples Party’s nominee for the post of the Governor of Punjab, Sardar Saleem Haider while...

Published 08 May, 2024 06:43am

Economy suffered due to poor planning, negligence: PM

ISLAMABAD: Prime Minister Shehbaz Sharif has said the economy of the country has suffered due to poor planning and...

Published 08 May, 2024 06:43am

PPP likely to join federal cabinet soon

ISLAMABAD: There is a widespread perception that Pakistan People’s Party (PPP) will accept cabinet positions ...

Published 08 May, 2024 06:43am

Army again rejects PTI’s May 9 narrative

ISLAMABAD: Amid growing concerns over the May 9 riots, the military on Tuesday took a decisive stance regarding...

Published 08 May, 2024 06:43am

PML-N general council meeting on 28th

LAHORE: Pakistan Muslim League-Nawaz (PML-N) has rescheduled its general council meeting to May 28, which is...

Published 08 May, 2024 06:43am

Countrywide rains, thunderstorms likely on weekend

LAHORE: The day temperatures are likely to increase due to high pressure in the upper atmosphere in most parts of ...

Published 08 May, 2024 06:43am

EV technology ready for adoption in Pakistan, says LUMS teacher

LAHORE: Dr Shakil Sadiq Jajja, Associate Professor at Suleman Dawood School of Business (SDSB), Lahore University of...

Published 08 May, 2024 06:43am

CM Maryam for finalising deals with Chinese, S Korean and Saudi cos

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has directed authorities concerned to finalise deals with the...

Published 08 May, 2024 06:43am

Experts’ help sought for prevention of dengue virus

LAHORE: A technical working group meeting on dengue virus was held at the Institute of Public Health under the...

Published 08 May, 2024 06:43am

UBL, SAU collaboration boosts seed development efforts in Sindh

HYDERABAD: In an endeavour to tackle the challenges encountered by farmers in Sindh, especially concerning the...

Published 08 May, 2024 06:43am

USA

TikTok, ByteDance sue to block US law seeking sale or ban of app

WASHINGTON: TikTok and its Chinese parent company ByteDance said on Tuesday they filed suit in US federal court...

Published 08 May, 2024 06:43am

Al Jazeera to pursue legal action ‘until the end’ over Israel ban

DOHA: Al Jazeera will look to pursue all possible legal action “until the end” to challenge Israel’s ban on ...

Published 08 May, 2024 06:43am

Asia

China hospital attack leaves two dead, 21 wounded

BEIJING: Two people were dead and 21 wounded after a man went on a stabbing spree at a hospital in southwest China ...

Published 08 May, 2024 06:43am

South Asia

Indian vote body tells X to remove Modi party video targeting Muslims, opposition

NEW DELHI: India’s Election Commission directed social media platform X on Tuesday to take down a video post by...

Published 08 May, 2024 06:43am

Europe

Polish judge who fled had access to classified documents: Tusk

WARSAW: A Polish judge who fled to neighbouring Belarus and reportedly asked for political asylum over spying...

Published 08 May, 2024 06:43am

China suspected in cyberattack on UK defence ministry

LONDON: The British government said Tuesday it could not rule out state involvement in a mass cyberattack on the...

Published 08 May, 2024 06:43am

CFO Conference 2024: Message from Muhammad Ishaq Dar, Deputy Prime Minister and Foreign Minister of Pakistan

It brings me great pleasure to extend my warmest greetings to all the participants of CFO Conference 2024: Curating...

Published 08 May, 2024 06:43am

CFO Conference 2024: Message from Muhammad Aurangzaib, Federal Minister for Finance and Revenue, Pakistan

I extend my congratulations to the Institute of Chartered Accountants of Pakistan, for hosting the ICAP-CFO...

Published 08 May, 2024 06:43am

CFO Conference 2024: Message from Jameel Ahmad, Governor, State Bank of Pakistan

I would like to congratulate the Institute of Chartered Accountants of Pakistan, (ICAP), for organizing the CFO...

Published 08 May, 2024 06:43am

CFO Conference 2024: Message from Samiullah Siddiqui, FCA Chairman, PAIB Committee, ICAP

It is my distinct honor to introduce to you the CFO Conference 2024 and the Professional Excellence Awards (PEA),...

Published 08 May, 2024 06:43am

CFO Conference 2024: Message from Farrukh Rehman, FCA President, ICAP

On behalf of the Institute of Chartered Accountants of Pakistan, I warmly welcome all participants to the CFO...

Published 08 May, 2024 06:43am

CFO Conference 2024: Message from Akif Saeed, Chairman, Securities & Exchange Commission of Pakistan (SECP)

I would like to commend the Institute of Chartered Accountants of Pakistan for organizing the CFO Conference 2024 ...

Published 08 May, 2024 06:43am

CFO Conference 2024: Message from Asmaa Resmouki President, IFAC

On behalf of the International Federation of Accountants (IFAC), I extend a warm welcome to all participants at the...

Published 08 May, 2024 06:43am

ICAP CFO Conference Overview

ICAP's CFO Conference, a pivotal event since 2010, convenes industry leaders to deliberate on key themes. With 23...

Published 08 May, 2024 06:43am

The Weather

KARACHI: The weather report on Tuesday (May 07, 2024) and the forecast for Wednesday (May 08, 2024)...

Published 08 May, 2024 06:43am

ISPR presser ‘full of contraditions’ and ‘devoid of rationale’: PTI

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Tuesday hit back after the military vowed to punish the perpetrators ...

Published 08 May, 2024 06:43am

Removal of Shaukat Siddiqui as IHC judge: Ministry withdraws notification

ISLAMABAD: The Law Ministry has withdrawn its notification of October 11, 2018 regarding the removal of Shaukat Aziz...

Published 08 May, 2024 06:43am

High-level Saudi team’s visit concludes on positive note

ISLAMABAD: Ibrahim Almubarak, Deputy Investment Minister of Saudi Arabia on Tuesday concluded a three-day visit to...

Published 08 May, 2024 06:43am

Uzbek Minister due today for in-depth talks

ISLAMABAD: Foreign Minister of Uzbekistan Bakhtiyor Saidov will arrive on a two-day official visit today (Wednesday)...

Published 08 May, 2024 06:43am

SU organises first-ever Pakistani literature English Expo 2024

HYDERABAD: The first-ever Pakistani literature in English Expo 2024 was held at the Institute of English Language...

Published 08 May, 2024 06:43am

SHC Hyderabad Bench rejects bail of accused gas thief

KARACHI: SSGC continues to make major inroads against gas theft through raids across its franchise areas and...

Published 08 May, 2024 06:43am

SFA destroys sick, harmful to health chickens in Kotri

HYDERABAD: On the instructions of Deputy Director Sindh Food Authority, Fida Hussain Khoso, a team of Sindh Food...

Published 08 May, 2024 06:43am

Regional passport offices begin round-the-clock operations

KARACHI: In compliance with directives from the Ministry of Interior, Pakistani passport offices in Karachi and...

Published 08 May, 2024 06:43am

UK University: Pakistan students take part in national campaign

KARACHI: The achievements of its students in Pakistan are being celebrated in an international campaign from the...

Published 08 May, 2024 06:43am

Through transfer of modern technology: Minister for enhancing cooperation with China

ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal co-chaired a meeting with...

Published 08 May, 2024 06:43am

Improving law & order situation: Minister assures Balochistan CM of cooperation

QUETTA: Federal Interior Minister Mohsin Naqvi visited Quetta Tuesday and met Balochistan Chief Minister Sarfraz...

Published 08 May, 2024 06:43am

JI committee to finalise plan for pro-farmer sit-in

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem-ur-Rehman has convened a committee to finalize recommendations for the...

Published 08 May, 2024 06:43am

ISSI holds second round of Dialogue with ACI

ISLAMABAD: The Institute of Strategic Studies Islamabad (ISSI) held the second round of dialogue with ASEAN ...

Published 08 May, 2024 06:43am

Industry-academia collaboration indispensable for pogress: Maqbool

KARACHI: The collaboration between industries and academic institutions is indispensable under the emergent...

Published 08 May, 2024 06:43am

CM Maryam gets briefing on CBD projects

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif chaired a meeting to have a detailed briefing on projects of ...

Published 08 May, 2024 06:43am

CM lays foundation stone of hostel at Qurban Line

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif vision for women safety is being materialised. The Punjab Safe...

Published 08 May, 2024 06:43am

CBD Punjab to auction six exclusive plots

LAHORE: The Punjab Central Business District Development Authority (PCBDDA), also recognized as Central Business...

Published 08 May, 2024 06:43am

Bail pleas of Dr Yasmin adjourned till 9th

LAHORE: An antiterrorism court on Tuesday adjourned till May 9 bail petitions of PTI-Punjab Dr. Yasmin Rashid in two...

Published 08 May, 2024 06:43am

Ahsan Iqbal leaves for China

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Tuesday evening left ...

Published 08 May, 2024 06:43am

17 vehicles handed over to MCL for smooth operation

Published 08 May, 2024 06:43am

Income tax refunds’ e-processing: IHC issues notice to Member IR FBR

ISLAMABAD: The Islamabad High Court (IHC) has issued a notice to Member Inland Revenue (Policy) Federal Board of...

Published 08 May, 2024 06:43am

LNG case verdict to help improve investor confidence

KARACHI: The decision of Accountability Court to honorably exonerate and acquit political leaders and prominent...

Published 08 May, 2024 06:43am

‘Frequent’ loadshedding: JI to hold protests against KE on Saturday

KARACHI: Jamaat-e-Islami (JI) Karachi has decided to hold protests in all towns on the upcoming Saturday against the...

Published 08 May, 2024 06:43am

‘Uplift of education sector is top priority’

KARACHI: Provincial Minister of Universities and Boards Muhammad Ali Malkani said that the first priority of the...

Published 08 May, 2024 06:43am

Nawaz files acquittal application in Toshakhana case

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) Supremo and former Prime Minister Nawaz Sharif on Tuesday filed an...

Published 08 May, 2024 06:43am

SIC in assemblies: Reserved seats reallocation issue still remains unresolved

ISLAMABAD: Uncertainty continues to surround the reserved seats reallocation issue as the electoral body has yet to...

Published 08 May, 2024 06:43am

PARTLY FACETIOUS: Orange a colour that really doesn’t suit women in Punjab

“I can’t understand this obsession with colours.” “Well, some colours suit one skin type and doesn’t...

Published 08 May, 2024 06:43am

Electricity tariffs

In Pakistan, it is a known fact that electricity is costly as compared to other countries of the region and its cost...

Published 08 May, 2024 06:43am

No-cost expensive motivators

We have low attrition rates. Retention rates are high. These two claims by the top leaders of a company are big...

Published 08 May, 2024 06:43am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (May 07, 2024). ==================================== BR...

Published 08 May, 2024 06:43am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 07, 2024)....

Published 08 May, 2024 06:43am

Govt mulling taking big step to reduce pension burden

Finance Minister Muhammad Aurangzeb says issue of pension a huge burden

Updated 08 May, 2024 09:21am

Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees

ISLAMABAD: The Federal Board of Revenue (FBR) has directed Inland Revenue (IR) field formations to recover sales...

Updated 08 May, 2024 08:51am

ST registered persons: FBR modifies requirement of filing balance sheet

ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, modified a controversial requirement for filing balance...

Updated 08 May, 2024 09:17am

Rates

Energy

Research shows how batteries, renewables can reshape power landscape

KARACHI: Battery energy storage systems (BESS) in combination with solar and wind power can bring down electricity...

Published 08 May, 2024 06:43am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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