News Archives for Print - 2024-05-10

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Print - 2024-05-10

Slovenia launches Palestine recognition procedure

LJUBLJANA: Slovenia’s government on Thursday passed a decree on recognising a Palestine state that will be sent to...

Published 10 May, 2024 04:17am

South Asia

Modi skips election in IIOJK as critics dispute integration claims

OCCUPIED ANANTNAG: Prime Minister Narendra Modi is criss-crossing India in a marathon election campaign but, for the...

Published 10 May, 2024 04:17am

Scientists win World Food Prize for work on Global Seed Vault

PARIS: Scientists Geoffrey Hawtin and Cary Fowler, who on Thursday received the prestigious World Food Prize for...

Published 10 May, 2024 04:17am

Ethiopian Airlines: ‘Efforts on to expand operations on daily basis from Karachi’

KARACHI: Ambassador of Ethiopia Jemal Beker Abdula, while referring to successful operations of Ethiopian Airlines...

Published 10 May, 2024 04:17am

US deputy political counsellor calls on PTI’s Faraz

ISLAMABAD: Far removed from the hype surrounding the first “anniversary” of May 9th violence, a senior American...

Published 10 May, 2024 04:17am

HABIBMETRO and GoRead.pk collaborate to promote literacy

KARACHI: HABIBMETRO continues to support social initiatives that are focused on children’s literacy and...

Published 10 May, 2024 04:17am

May 9 violence: PM pays homage to martyrs and their families

ISLAMABAD: Prime Minister Shehbaz Sharif has said the government shares the feelings and pain of the martyred...

Published 10 May, 2024 04:17am

FO rejects US reservations on safety of political prisoners

ISLAMABAD: Pakistan on Thursday dismissed the “reservations” expressed by the United States over the safety of...

Published 10 May, 2024 04:17am

Lawyers observe strike

LAHORE: The legal fraternity on Thursday observed countrywide strike against high handedness of police against the...

Published 10 May, 2024 04:17am

42 flour mills fined, licences suspended

LAHORE: The Punjab Food Department imposed heavy fines on 42 flour mills on Thursday besides suspending their...

Published 10 May, 2024 04:17am

Farmers to hold nationwide protest on May 21

LAHORE: Different farmer unions and movements from across the country announced nationwide protests on May 21, to...

Published 10 May, 2024 04:17am

Punjab PA terms May 9 riots conspiracy by extremists, political party

LAHORE: The Punjab Assembly on Thursday has passed a condemnation resolution against the May 9 incident, terming it ...

Published 10 May, 2024 04:17am

Punjab CM assails perpetrators of May 9 violence

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has said the nation will neither forget nor forgive May 9. She...

Published 10 May, 2024 04:17am

US sends warship through Taiwan Strait ahead of presidential inauguration

TAIPEI/BEIJING: A US warship sailed through the narrow Taiwan Strait on Wednesday, less than two weeks before...

Published 10 May, 2024 04:17am

Europe

Putin says nuclear forces ‘always’ on alert in Victory Day speech

MOSCOW: President Vladimir Putin on Thursday warned his nuclear forces were “always” on alert and added that...

Published 10 May, 2024 04:17am

Patrol Unit opened: Mohsin orders restoration of mobile signals at Margalla trails

ISLAMABAD: Interior Minister Mohsin Naqvi on Thursday issued directives to ensure strict security at Margalla trails...

Published 10 May, 2024 04:17am

Syrian delegation engages with NUST to boost academic ties

ISLAMABAD Headed by Dr Rami Waheed Al-Dhulli, Deputy Minister of Education and Educational Affairs, a seven-member...

Published 10 May, 2024 04:17am

SBCA demolishes another 30 unauthorised structures

KARACHI: The Sindh Building Control Authority (SBCA) has continued its crackdown on illegal constructions in various...

Published 10 May, 2024 04:17am

‘Pegham-e-Aman’ conference pays homage to the ‘martyrs of the nation’

KARACHI: A conference “Pegham-e-Aman” was organised in Karachi by the Information Department of the Government ...

Published 10 May, 2024 04:17am

The Weather

KARACHI: The weather report on Thursday (May 09, 2024) and the forecast for Friday (May 10, 2024)...

Published 10 May, 2024 04:17am

7 labourers from Punjab killed near Gwadar

QUETTA: Seven migrant workers were shot dead in Surbander, near Gwadar, police said Thursday. The men were killed...

Published 10 May, 2024 04:17am

Centcom chief meets COAS

ISLAMABAD: General Michael Erik Kurilla, Commander of the United States Central Command (CENTCOM), paid a visit to...

Published 10 May, 2024 04:17am

Seven degree drop in mercury likely from today

LAHORE: Some seven degree drop in mercury is expected from Friday night with the entry of fresh westerly system in...

Published 10 May, 2024 04:17am

Education of special children: Rs651m sanctioned for ‘Centre of Excellence’: CM

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has directed the provincial Finance Minister to accord top ...

Published 10 May, 2024 04:17am

Food security: Minister seeks academia, industry’s help

FAISALABAD: Provincial Agriculture Minister Syed Muhammad Ashiq Hussain Shah on Thursday said that academia,...

Published 10 May, 2024 04:17am

IK’s bail plea in 190-million-pound case: IHC turns down NAB prosecutor’s request

ISLAMABAD: The Islamabad High Court (IHC) turned down the request of the National Accountability Bureau (NAB)...

Published 10 May, 2024 04:17am

HEC chairman for unleashing untapped AJK potential

ISLAMABAD: Chairman of the Higher Education Commission (HEC) Dr Mukhtar Ahmed, has underscored the critical...

Published 10 May, 2024 04:17am

ESD secy invites international teams for Rescue Challenge 2024

LAHORE: Secretary Emergency Services Department (ESD) has invited the international teams to participate in the...

Published 10 May, 2024 04:17am

Digital terrorism: COAS vows to defeat designs of inimical forces

ISLAMABAD: Army Chief General Syed Asim Munir has vowed to defeat designs of inimical forces, which have unleashed...

Published 10 May, 2024 04:17am

May 9 riots: ATC adjourns bail pleas of Dr Yasmin

LAHORE: An Anti Terrorism Court (ATC) on Thursday adjourned bail petitions of PTI-Punjab Dr Yasmin Rashid in two...

Published 10 May, 2024 04:17am

Political figures: CJP asks why public money being spent on ads

ISLAMABAD: Chief Justice Qazi Faez Isa questioned why public money is being spent on advertisements for the...

Published 10 May, 2024 04:17am

May 9 riots: There can be no compromise with planners, facilitators, executors: army

ISLAMABAD: Pakistan’s armed forces, along with the Chairman Joint Chiefs of Staff Committee (CJCSC) and Services...

Published 10 May, 2024 04:17am

Shuhada solidarity convention tomorrow

QUETTA: Shuhada Solidarity Convention to be held on Thursday at Noori Naseer Khan Cultural Complex, Spinny Road...

Published 10 May, 2024 04:17am

PARTLY FACETIOUS: Maryam has shown her mettle

“I haven’t seen the apple of Nawaz Sharif’s eye for quite a few days now!” “You mean Notification Maryam...

Published 10 May, 2024 04:17am

PPP-P leader terms May 9 2023 ‘darkest day in the history of Pakistan’

ISLAMABAD: Pakistan Peoples Party Parliamentarian (PPP-P) Secretary General Nayyar Hussain Bukhari said that May 9 ...

Published 10 May, 2024 04:17am

Marwat accuses Omar of ‘conspiring’ against him

ISLAMABAD: The firebrand Pakistan Tehreek-e-Insaf (PTI) leader Sher Afzal Marwat on Thursday accused party secretary...

Published 10 May, 2024 04:17am

‘May 9 was a revolt against Pakistan, its institutions’: PM

ISLAMABAD: Prime Minister Shehbaz Sharif has said May 9 was a planned move to revolt against Pakistan as well as its...

Published 10 May, 2024 04:17am

Stocks

Israel hits Rafah despite US warning on arms transfers

RAFAH: Smoke rose from strikes on Gaza’s crowded southern city of Rafah Thursday after US President Joe Biden ...

Published 10 May, 2024 04:17am

Transforming FBR

In the light of dynamic shifts in business and advancements in technology, it is opportune for the Federal Board of...

Published 10 May, 2024 04:17am

Neoliberal economic policy, and political economic outcomes

In a number of interviews after becoming finance minister, there is a sense of naivety reflected in the thoughts of...

Updated 10 May, 2024 09:00am

Letters

Please prefer compromise and conciliation to confrontation

Yesterday, the government marked May 9 as “black day” in commemoration of the first “anniversary” of the...

Published 10 May, 2024 04:17am

The fault lines of US foreign aid

On 24 April, US President Joe Biden signed the legislation providing $87 billion in aid for Ukraine and Israel, in...

Published 10 May, 2024 04:17am

Stocks

Wall St climbs after jobless claims data spurs rate-cut bets

NEW YORK: The main US stock indexes rose on Thursday as weekly jobless claims data offered fresh evidence of a...

Published 10 May, 2024 04:17am

Stocks

STOXX 600 ends at record high; BBVA weighs on Spain

PARIS: Europe’s benchmark index inched up to close at a record high on Thursday, driven by a jump in industrial...

Published 10 May, 2024 04:17am

Stocks

China stocks rise on trade growth, property support

SHANGHAI: China stocks closed up on Thursday after solid April trade data added to signs of a pick-up in demand,...

Published 10 May, 2024 04:17am

Stocks

Major Gulf markets muted as Mideast conflict rages

DUBAI: Major stock markets in the Gulf were subdued on Thursday, led by the Saudi index, amid rising geopolitical...

Published 10 May, 2024 04:17am

Stocks

Japan’s Nikkei sheds early gains as chip stocks weigh

TOKYO: Japan’s Nikkei shed early gains to end lower on Thursday, pulled down by lacklustre performances in...

Published 10 May, 2024 04:17am

Rates

LME official prices

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

Published 10 May, 2024 04:17am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 09, 2024)....

Published 10 May, 2024 04:17am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (May 09, 2024). ==================================== BR...

Published 10 May, 2024 04:17am

Q4 of CFY: authorisation of Rs10.056bn approved for Power Division

Authorisation made considering simplified release procedure approved by the ECNEC and release strategy 2023-24 of Finance Division

Updated 10 May, 2024 09:24am

Rates

PSX ekes out gains

KARACHI: Pakistan Stock Exchange on Thursday witnessed a mixed trend and after moving in both directions, closed on...

Published 10 May, 2024 04:17am

April remittances up 27.9pc to $2.8bn YoY

KARACHI: The inflows of workers’ remittances have increased by 27.9 percent on year-on-year basis to $2.8 billion...

Updated 10 May, 2024 09:23am

Renewable energy, IT sectors: Dar invites Swiss investment

ISLAMABAD: Foreign Minister Ishaq Dar on Thursday invited Swiss companies to invest in Pakistan, particularly in the...

Updated 10 May, 2024 09:01am

PM seeks Qatari investment

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday said that Pakistan was keen to transform its excellent ties...

Updated 10 May, 2024 08:41am

Sales tax on tractors, pesticides likely

ISLAMABAD: The federal government is likely to impose sales tax on tractors as well as pesticides during the...

Updated 10 May, 2024 08:57am

PM takes serious note of absence of sugar data

ISLAMABAD: Prime Minister Shehbaz Sharif is said to have taken serious note of the absence of requisite data on...

Updated 10 May, 2024 08:59am

KE’s FCA of nine months: Karachi-based businesspeople express their reservations

ISLAMABAD: Business community of Karachi on Thursday expressed serious reservations at the massive proposed...

Updated 10 May, 2024 09:21am

Mid-term pipeline projects: New projects identified, Korean EXIM Bank team told

ISLAMABAD: Minister for Economic Affairs Ahad Khan Cheema has informed the programme mission of the EXIM Bank Korea...

Updated 10 May, 2024 09:19am

Qatari team lays focus on energy, mining and aviation: FO

ISLAMABAD: Pakistan and Qatar have expressed their resolve to further deepen fraternal ties and enhance trade and...

Updated 10 May, 2024 08:59am

Sales tax fraud and fake invoices: Aurangzeb directs FBR to detect cases

ISLAMABAD: Finance Minister Muhammad Aurangzeb has directed the Federal Board of Revenue (FBR) to detect cases of...

Updated 10 May, 2024 09:02am

Finance Bill 2024: Activists call for increase in tobacco taxes

ISLAMABAD: Health activists have called for an immediate increase in tobacco taxes in Pakistan through Finance Bill...

Published 10 May, 2024 04:17am

IPO oversubscribed: IPAK raises Rs1.77bn in book-building process

KARACHI: The book-building process of International Packaging Films Limited’s (IPAK) Initial Public Offer (IPO) ...

Published 10 May, 2024 04:17am

Illicit cigarette market inflicting Rs300bn annual loss on national exchequer: study

ISLAMABAD: The illicit sector now holds a major share of 54 percent of the cigarette market in Pakistan as compared...

Published 10 May, 2024 04:17am

Commodities

New prices of essential items notified in Karachi

KARACHI: Karachi administration on Thursday fixed prices of different essential commodities including flour and ...

Published 10 May, 2024 04:17am

Energy

Togh-02 well in KP: OGDCL announces commencement of production

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), the operator of the Togh and ToghBala Development ...

Published 10 May, 2024 04:17am

Industry

Ethopian envoy offers 10-year tax holiday to Pakistani investors

KARACHI: Fostering economic ties between Pakistan and Ethiopia, Ambassador Jemal Beker Abdula unveiled special offer...

Published 10 May, 2024 04:17am

The affectivity of a narrative

EDITORIAL: Director General (DG) Inter-Services Public Relations Major General Ahmed Sharif’s remarks during his...

Published 10 May, 2024 04:17am

The US must learn from history

EDITORIAL: Israel’s genocidal war in the Middle East took yet another deadly turn on May 7 with the country,...

Published 10 May, 2024 04:17am

Commodities

Malaysian palm oil futures slip

SINGAPORE: Malaysian palm oil futures fell to close at a one-week low on Thursday amid lower prices of rival edible...

Published 10 May, 2024 04:17am

Commodities

Iron ore, steel prices largely fall

HANOI: Prices of iron ore and steel products in China declined on Thursday, pressured by weaker steel demand as...

Published 10 May, 2024 04:17am

Rates

Activities of Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 124,432 tonnes of cargo comprising 67,802 tonnes of import cargo and 56,630...

Published 10 May, 2024 04:17am

Commodities

Japanese rubber futures down

SINGAPORE: Japanese rubber futures snapped a two-day winning streak to close lower on Thursday amid demand...

Published 10 May, 2024 04:17am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR21.717...

Published 10 May, 2024 04:17am

Commodities

Gold prices rise

BENGALURU: Gold prices climbed 1% on Thursday after fresh data from the Labour Department indicated that the number...

Published 10 May, 2024 04:17am

Commodities

Copper retreats on rate cut uncertainty

LONDON: Copper prices retreated on Thursday on a potential delay in US interest rate cuts ahead of key inflation ...

Published 10 May, 2024 04:17am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (May 09, 2024)...

Published 10 May, 2024 04:17am

Cotton & Textile

Lacklustre business on cotton market

LAHORE: The local cotton market remained bearish on Thursday, with low trading volume. According to Cotton Analyst...

Published 10 May, 2024 04:17am

Commodities

Asia rice: Rates rise in top hubs

BENGALURU/MUMBAI/BANGKOK/HANOI/BANGLADESH: Top rice exporters saw rates climb this week due to an uptick in demand,...

Published 10 May, 2024 04:17am

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 10 May, 2024 04:17am

Forex

Open market rates of foreign currencies

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

Published 10 May, 2024 04:17am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (May 09, 2024). ======================== Open Bid Rs...

Published 10 May, 2024 04:17am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (May 09, 2024)....

Published 10 May, 2024 04:17am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (May 09, 2024)...

Published 10 May, 2024 04:17am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (May 09, 2024). ======================================= Offset...

Published 10 May, 2024 04:17am

SBP’s reserves up $1.114bn to $9.120bn

KARACHI: The total liquid foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $1.114...

Updated 10 May, 2024 08:58am

Uzbek FM calls on Zardari ‘Need to enhance bilateral cooperation in various sectors’

ISLAMABAD: President Asif Ali Zardari said that there is a need to further enhance bilateral cooperation with...

Published 10 May, 2024 04:17am

Taxes

Tajir Dost Scheme: First phase limited to only registration: FBR

PESHAWAR: Chief Commissioner Inland Revenue, Regional Tax Office (RTO) Peshawar, Zafar Iqbal Khan has said that the...

Published 10 May, 2024 04:17am

Stabilisation of economy: Briefs chief economist, UK HC about efforts

ISLAMABAD: Chief Economist and Director for Economics and Evaluation Directorate in the Foreign, Commonwealth and...

Published 10 May, 2024 04:17am

Industry

‘Water cheapest source of power generation, lifeline of agri sector’

LAHORE: President of the Lahore Chamber of Commerce and Industry Kashif Anwar has said that water has a direct link...

Published 10 May, 2024 04:17am

IMF to support CCP’s capacity building: Ruiz

ISLAMABAD: Esther Pérez Ruiz, the IMF Resident Representative in Pakistan, visited the Competition Commission of...

Updated 10 May, 2024 04:53am

Companies

IMC CEO receives ICAP’s award

KARACHI: Chief Executive, Indus Motor Company (IMC) Ali Asghar Jamali has been honored with the Business Leaders...

Published 10 May, 2024 04:17am

Money & Banking

Dollar weaker against most currencies, pound recovers

NEW YORK: The dollar weakened against most currencies on Monday after economic data showed more signs of softening ...

Published 10 May, 2024 04:17am

Money & Banking

Indian rupee ends flat

MUMBAI: The Indian rupee closed little changed on Thursday, tracking muted price action in most of its Asian peers...

Published 10 May, 2024 04:17am

Money & Banking

Asian FX muted on firm dollar

BENGALURU: Asian currencies were largely muted on a firmer dollar and most regional stocks slipped as investors...

Published 10 May, 2024 04:17am

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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

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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