News Archives for Print - 2024-05-11

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Print - 2024-05-11

Spain, Ireland to recognise Palestinian state on 21st

MADRID: Spain, Ireland and other European Union member countries plan to recognise a Palestinian state on May 21, ...

Published 11 May, 2024 06:22am

Trump accuses Biden of siding with Hamas

NEW YORK: Donald Trump accused election rival Joe Biden Thursday of siding with Hamas when he threatened to stop...

Published 11 May, 2024 06:22am

South Asia

Popular broadcaster: Taliban must revoke their restrictions: CPJ

NEW YORK: The Taliban must revoke their restrictions on the popular broadcaster Afghanistan International and end...

Published 11 May, 2024 06:22am

CM announces enhancing UCs funds

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that on the demand of union council representatives, he...

Published 11 May, 2024 06:22am

MDR Analyst Report issued: Authorities asked to enhance cybersecurity steps for digital infrastructure protection

ISLAMABAD: An international cybersecurity firm has advised Pakistani authorities to continuously enhance...

Published 11 May, 2024 06:22am

May 9 protest: Pre-arrest bail granted to Gohar, others

ISLAMABAD: A local court, on Friday, granted pre-arrest bail to Pakistan Tehreek-e-Insaf (PTI) Chairman Barrister...

Published 11 May, 2024 06:22am

Kafaalat programme of BISP: Jan benefit adjustments protected generosity level: IMF

ISLAMABAD: The benefit adjustment carried out in January (for Kafaalat beneficiaries of the Benazir Income Support...

Published 11 May, 2024 06:22am

PTI core body rejects DG ISPR’s presser

ISLAMABAD: The core committee of Pakistan Tehreek-e-Insaf (PTI) on Friday openly rejected the recent press ...

Published 11 May, 2024 06:22am

Bushra Bibi shifted to Adiala jail

ISLAMABAD: The Adiala jail authorities have kept Bushra Bibi, the wife of ex-prime minister Imran Khan, in the...

Published 11 May, 2024 06:22am

Rubina Khalid assumes charge as BISP Chairperson

ISLAMABAD: Former senator Rubina Khalid took charge as the seventh Chairperson of the Benazir Income Support...

Published 11 May, 2024 06:22am

Blome told foreign interference in county won’t be acceptable: Omar

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) secretary general Omar Ayub said on Friday that he had made it clear to ...

Published 11 May, 2024 06:22am

Verdict on NAO amendments case: SC to hear govt’s appeal on Tuesday

ISLAMABAD: The Supreme Court will hear the Federation’s intra-court appeal (ICA) against its judgment declaring ...

Published 11 May, 2024 06:22am

Pakistan women’s team ready to take on the England challenge

LAHORE: Pakistan women’s cricket team is all geared up to take on England in the first of the three-match T20I...

Published 11 May, 2024 06:22am

Salim Haider takes oath as Punjab Governor

LAHORE: Sardar Salim Haider Khan took oath as 40th Governor of Punjab at a ceremony held here at Governor House on...

Published 11 May, 2024 06:22am

Labourers, others: Punjab PA condemns brutal killings near Gwadar

LAHORE: The Punjab Assembly on Friday has unanimously passed a condemnation resolution against the killing of 11...

Published 11 May, 2024 06:22am

PFA seizes 700 litres of spurious juice, 107kg of expired flavours

LAHORE: The Punjab Food Authority (PFA) has filed a case against a beverages manufacturing unit with concerned ...

Published 11 May, 2024 06:22am

Laptop scheme revived: CM underscores need for strengthening educational infrastructure

LAHORE: Announcing the revival of the laptop scheme for the students in the province, Punjab Chief Minister Maryam...

Published 11 May, 2024 06:22am

Punjab CM inaugurates three mega health projects

LAHORE: Inaugurated the three mega health projects namely “200 Clinics on Wheels, 100 Rural Ambulances and a ...

Published 11 May, 2024 06:22am

Industries, CNG stations: SSGC announces 24-hour gas holiday

KARACHI: Sui Southern Gas Company (SSGC) has announced 24-hour gas holiday for all industries including their power...

Published 11 May, 2024 06:22am

Investiture ceremony of Karachi Corps held

RAWALPINDI: Investiture ceremony of Karachi Corps was held. Corps Commander, Lieutenant General Babar Iftikhar HI ...

Published 11 May, 2024 06:22am

PM orders increase in export of non-traditional items

ISLAMABAD: Prime Minister Shehbaz Sharif has directed to increase the export of non-traditional items, adding...

Published 11 May, 2024 06:22am

MENA

Pakistan highlighted as ‘core part’ of Emirates’ strategy as Dubai’s annual Arabian Travel Market event concludes

DUBAI: Pakistan was highlighted as a “core part” of Emirates’ growth strategy as the annual Arabian Travel Market...

Updated 11 May, 2024 10:52pm

The Weather

KARACHI: The weather report on Friday (May 10, 2024) and the forecast for Saturday (May 11, 2024)...

Published 11 May, 2024 06:22am

Rates

Another milestone achieved

KARACHI: Pakistan Stock Exchange on Friday achieved another milestone and closed on new highest-ever level on the...

Published 11 May, 2024 06:22am

‘Independents’ won more seats than any other group: IMF

ISLAMABAD: The ‘independents’ associated with former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf ...

Published 11 May, 2024 06:22am

Pakistan’s iCube-Qamar sends first image from lunar orbit

ISLAMABAD: Pakistan’s lunar satellite iCube Qamar has sent the first picture from the orbit after successfully...

Published 11 May, 2024 06:22am

Three major generals promoted

ISLAMABAD: Three major generals of the Pakistan military have been promoted to the highest ranks of lieutenant...

Published 11 May, 2024 06:22am

Punjab PA: ruling alliance suffers major blow

LAHORE: In a major blow to ruling alliance in Punjab, provincial assembly Speaker on Friday suspended reserved seats...

Published 11 May, 2024 06:22am

Climate change challenge: Zardari underlines need for global efforts

ISLAMABAD: President Asif Ali Zardari has underlined the need for global efforts to address the challenge of climate...

Published 11 May, 2024 06:22am

PIA to restore direct flights to Paris next month

KARACHI: Pakistan International Airlines (PIA) is gearing up to restore its direct flight operations to Paris next...

Updated 11 May, 2024 11:05pm

Islamabad prison: Naqvi orders completing first phase in 8 months

ISLAMABAD: Interior Minister Mohsin Naqvi on Friday issued directives to complete the construction of the first ...

Published 11 May, 2024 06:22am

NAB barred from arresting MPs over allegations, complaints

ISLAMABAD: The National Accountability Bureau (NAB) would not arrest any member of the Parliament solely based on...

Published 11 May, 2024 06:22am

MQM-P’s Sadaqat Hussain faces music for ‘threatening’ female teacher

KARACHI: The Muttahida Qaumi Movement-Pakistan (MQM-P) on Friday took notice against former MPA Sadaqat Hussain for...

Published 11 May, 2024 06:22am

Minister inaugurates emergency dept at NICVD

KARACHI: Sindh Health Minister Dr Azra Pechuho on Friday inaugurated the new Emergency department as well as newly...

Published 11 May, 2024 06:22am

Electric and petrol motorcycles among students: LHC restrains Punjab govt from distributing

LAHORE: The Lahore High Court on Friday restrained the Punjab government from distributing electric and petrol...

Published 11 May, 2024 06:22am

JI flays mismanagement at exam centres in Karachi

KARACHI: Jamaat-e-Islami (JI) Karachi interim Ameer Munim Zafar has strongly lambasted the authorities over the...

Published 11 May, 2024 06:22am

Fixing ‘roti’ rate: IHC asks DC to meet Naanbais

ISLAMABAD: The Islamabad High Court (IHC), Friday, directed the Deputy Commissioner ICT to meet with all the Naanbai...

Published 11 May, 2024 06:22am

Customs seizes smuggled goods worth Rs22.5m

KARACHI: In a major crackdown on smuggling activities, the Collectorate of Customs Enforcement Karachi have seized a...

Published 11 May, 2024 06:22am

Complete ban/closure of eight unfrequented routes imposed

KARACHI: Commissioner Karachi Division under Section 144 (6) CrPC imposed complete ban/closure of the following ...

Published 11 May, 2024 06:22am

CM launches ˜Schools Satellite Internet Project

LAHORE: Launching a pilot project for the provision of satellite internet in schools here at DPS Model Town, Punjab...

Published 11 May, 2024 06:22am

Partly Facetious: Maryam far better than Buzdar?

“So is power talking to power?” “Will you give a break to Notification Maryam Nawaz (NMN). She is better than...

Published 11 May, 2024 06:22am

Stocks

Wall St mixed but set for weekly gains

NEW YORK: US stock indexes were mixed on Friday, but looked on track for weekly gains ahead of key inflation ...

Published 11 May, 2024 06:22am

Stocks

STOXX 600 closes at record high on earnings, rate cut optimism

PARIS: Europe’s main stock index closed at a record high on Friday, on track for its biggest weekly gain since ...

Published 11 May, 2024 06:22am

Stocks

China stocks flat on US trade concerns

SHANGHAI: Chinese stocks closed flat on Friday with investor sentiment dented by an expanded trade restriction list...

Published 11 May, 2024 06:22am

Stocks

UAE markets fall on escalating conflict in region

DUBAI: Stock markets in United Arab Emirates closed lower on Friday, as investors turned cautious after the latest...

Published 11 May, 2024 06:22am

The power sector - some hard facts

Among many sectors of fiscal drain, the circular debt of the energy sector is one area on the economic landscape of...

Published 11 May, 2024 06:22am

Diverting traffic

There are suggestions that all the heavy vehicular traffic that passes through main arteries of Karachi be diverted...

Published 11 May, 2024 06:22am

Letters

Dharna Commission Report: more questions than answers

The Dharna Commission Report should have elaborated on who initiated the introduction of the amendment in the...

Published 11 May, 2024 06:22am

The wheat woes

I would love to live in the utopian world of the neoliberal economist, where the market determines the exchange...

Updated 11 May, 2024 06:45am

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 11 May, 2024 06:22am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (May 10,...

Published 11 May, 2024 06:22am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (May 10, 2024). ======================== Open Bid Rs...

Published 11 May, 2024 06:22am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (May 10, 2024)....

Published 11 May, 2024 06:22am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (May 10, 2024). ==================================== BR...

Published 11 May, 2024 06:22am

IMF delineates steps to curb gas circular debt

Fund suggests price adjustments should continue to move toward the full phasing out of captive power usage this year

Updated 11 May, 2024 08:10pm

IMF for taking agreed contingency revenue measures

ISLAMABAD: The International Monetary Fund (IMF) has urged the Pakistani authorities to take agreed contingency...

Updated 11 May, 2024 08:10pm

Home-grown economic uplift: PM constitutes committee

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a six-member committee to be headed by the finance minister...

Updated 11 May, 2024 09:44am

SBA: performance against end-Dec benchmarks satisfactory

ISLAMABAD: The Pakistani authorities’ overall performance against end-December quantitative performance criteria...

Updated 11 May, 2024 01:43pm

Gross external financing needs: IMF lowers projection to $21.044bn

ISLAMABAD: The International Monetary Fund (IMF) has lowered the projection of Pakistan’s gross external financing...

Updated 11 May, 2024 08:41am

Downside risks ‘exceptionally high’: IMF

ISLAMABAD: The International Monetary Fund (IMF) has stated that the risks to debt sustainability remain acute given...

Updated 11 May, 2024 09:46am

Upcoming debt obligation: EPTL asks CPPA-G to pay at least Rs32bn by month-end

ISLAMABAD: Engro Powergen Thar Limited (EPTL) has asked Central Power Purchasing Agency-Guaranteed (CPPA-G) to pay...

Updated 11 May, 2024 09:00am

Over 10 years and beyond: PPIB proposes 10pc duty on solar PV modules import

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has proposed 10 percent duty on import of solar PV...

Updated 11 May, 2024 04:01pm

Budgeted allocation for PSDP projects: Planning ministry authorises Rs507.98bn

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives has authorised Rs507.98 billion (54...

Updated 11 May, 2024 09:45am

Import of galvanised coils, sheets from China: LHC dismisses plea against definitive anti-dumping duties

ISLAMABAD: The Lahore High Court (LHC) has dismissed a petition filed against the imposition of definitive...

Updated 11 May, 2024 08:40am

11MFY24: KP PA passes over Rs1.360trn surplus budget

PESHAWAR: The provincial assembly of Khyber Pakhtunkhwa passed a surplus budget of Rs 1,360.37 billion for 11 months...

Updated 11 May, 2024 09:02am

SIFC requires safeguards to bring projects under PIMA framework: IMF

ISLAMABAD: The Special Investment Facilitation Council (SIFC), aimed at attracting and facilitating investment in...

Published 11 May, 2024 06:22am

Plan presented to IMF: Rs1,080bn collection through PL

ISLAMABAD: The Government of Pakistan has presented a plan to the International Monetary Fund (IMF) for the...

Published 11 May, 2024 06:22am

Commitment to IMF: Primary surplus of 1pc of GDP for FY25 aimed at

ISLAMABAD: Pakistan has committed to the International Monetary Fund (IMF) that the policy and reform effort started...

Published 11 May, 2024 06:22am

Upcoming budget: Pakistan may impose Rs1.3trn additional taxes

KARACHI: For further negotiation with our global lenders for extended fund facilities, the multilateral and ...

Published 11 May, 2024 06:22am

Energy

Petroleum industry: OMAP, GOREX hold seminar to introduce AI-based safety steps

LAHORE: Oil Marketing Association of Pakistan (OMAP) in collaboration with GOREX organised a seminar to introduce...

Published 11 May, 2024 06:22am

Govt urged to seek Chinese help in uplifting agri sector

ISLAMABAD: Experts at a seminar have urged the government to seek China's cooperation in uplifting the agricultural...

Published 11 May, 2024 06:22am

Implementation of uplift projects: EDCF, Ministry ink Aide-Mémoire to chart mid-term plan for 2024-26

ISLAMABAD: The Economic Development Cooperation Fund (EDCF) and the Ministry of Economic Affairs (MoEA) signed an...

Published 11 May, 2024 06:22am

Bidding for PIA core business to complete by June

ISLAMABAD: The federal government has set a target to complete, by June 2024, the bidding for Pakistan International...

Published 11 May, 2024 06:22am

Weekly SPI inflation down 1.39pc

ISLAMABAD: The Sensitive Price Index-based inflation for the week ended May 9, 2024, decreased by 1.39 per cent due...

Published 11 May, 2024 06:22am

FY25 budget: OICCI for allocating major portion of FBR resources towards broadening tax base

ISLAMABAD: The Overseas Investors Chambers of Commerce and Industry (OICCI) has submitted recommendations for...

Published 11 May, 2024 06:22am

Political uncertainty continues to pervade

EDITORIAL: Three months after the general elections that were expected to presage easing of all political ...

Published 11 May, 2024 06:22am

Gwadar: brutal killings

EDITORIAL: The flames of violence continue to engulf Balochistan, with terrorism still casting a long shadow over ...

Published 11 May, 2024 06:22am

Cotton & Textile

Low trading on cotton market

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

Published 11 May, 2024 06:22am

CCoP gets sell-off plan

ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) on Friday was presented with a phased privatisation...

Published 11 May, 2024 06:22am

Investment, new businesses: BoI tasked to facilitate investors

ISLAMABAD: Prime Minister Shehbaz Sharif has assigned the task of creating more facilities for investment and...

Published 11 May, 2024 06:22am

Taxes

Telecos agree to start blocking SIMs of non-filers

ISLAMABAD: The cellular companies’/ telecom operators have agreed with the Federal Board of Revenue (FBR) to...

Published 11 May, 2024 06:22am

Digitalisation of tax system: Contract signed with McKinsey

ISLAMABAD: Finance Minister Muhammad Aurangzeb Friday said the digital transformation is a key priority for the...

Published 11 May, 2024 06:22am

CCP approves merger in thermal power sector

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a merger in the thermal power sector. The...

Published 11 May, 2024 06:22am

Feasibility study for crude to chemical refinery: Trilateral MoU may be signed during PM’s visit to China

ISLAMABAD: A trilateral non-binding Memorandum of Understanding (MoU) is likely to be signed on preparation of...

Published 11 May, 2024 06:22am

Industry

Need stressed to boost bilateral trade ties with Mongolia

KARACHI: Highlighting the alarmingly low trade volume of merely $4.8 million between Pakistan and Mongolia,...

Published 11 May, 2024 06:22am

Companies

Latest Dulux Experience Store opened in Lahore

LAHORE: Ushering in a new era of immersive experience for Dulux paint consumers in Pakistan, AkzoNobel Pakistan Ltd,...

Published 11 May, 2024 06:22am

Taxes

IMF asks govt to raise taxes on luxury goods

ISLAMABAD: International Monetary Fund (IMF) has asked government to progressively raise excises on luxury goods...

Published 11 May, 2024 06:22am

Industry

Ethiopian envoy offers incentives for investors

KARACHI: Jemal Beker Abdula, ambassador of Ethiopia in Pakistan, outlined the incentives on the offer in Ethiopia ...

Published 11 May, 2024 06:22am

Companies

Dawlance launches new range of premium products

ISLAMABAD: The government of Pakistan needs to affectively negotiate bilateral agreements and Free Trade Agreements...

Published 11 May, 2024 06:22am

Taxes

PRA takes action against ‘tax evader’

LAHORE: The Rawalpindi Commissionerate of Punjab Revenue Authority (PRA) has sealed the license of a manpower...

Published 11 May, 2024 06:22am

Money & Banking

Borrower fails to shift dispute with branch manager to recovery proceedings of bank

LAHORE: A borrower has failed to shift his personal dispute with branch manager to the recovery proceedings of a ...

Published 11 May, 2024 06:22am

Industry

TPX container yard of KPT: reconstructed roads inaugurated

KARACHI: The Minister of Maritime Affairs, Qaiser Ahmed Sheikh, accompanied by Karachi Port Trust Chairman Syedain...

Published 11 May, 2024 06:22am

Money & Banking

Dollar rises after consumer sentiment data

NEW YORK: The dollar inched higher on Friday as investors digested a reading on US consumer sentiment and sifted...

Published 11 May, 2024 06:22am

Money & Banking

Australia, NZ dlrs get a reprieve

SYDNEY: The Australian and New Zealand dollars won a reprieve from selling pressure on Friday after a soft report on...

Published 11 May, 2024 06:22am

Money & Banking

Asian currencies tepid, ringgit flat

BENGALURU: Most Asian currencies were heading for weekly declines on Friday, although largely unchanged, while ...

Published 11 May, 2024 06:22am

Companies

Fly Jinnah marks its first flight to Muscat

KARACHI: Fly Jinnah, Pakistan’s low-cost carrier commenced its first non-stop flight from Islamabad International...

Published 11 May, 2024 06:22am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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