News Archives for Print - 2024-05-12

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Print - 2024-05-12

President’s Trophy Grade-II 3-day cricket tournament begins

LAHORE: The President’s Trophy Grade-II three-day non-first-class tournament will get underway in Punjab and Khyber...

Published 12 May, 2024 03:09am

The Weather

KARACHI: The weather report on Saturday (May 11, 2024) and the forecast for Sunday (May 12, 2024)....

Published 12 May, 2024 03:09am

CS orders vigilant monitoring of development projects

KARACHI: Chief Secretary Sindh, Syed Asif Hyder Shah has urged vigilant monitoring of development projects, ensuring...

Published 12 May, 2024 03:09am

CNIC issuance & renewal: NADRA urged to make hepatitis screening mandatory

KARACHI: With an estimated 15 million people affected by Hepatitis B and C in Pakistan, leading gastroenterologists...

Published 12 May, 2024 03:09am

Smuggled cloth worth Rs200m seized

KARACHI: Directorate of Customs Intelligence, Karachi, in collaboration with the Sindh Rangers, has seized a massive...

Published 12 May, 2024 03:09am

E-ballot held to hand over 20,000 bikes to students

LAHORE: The e-balloting process to give bikes to the students on interest free and soft installments under the Chief...

Published 12 May, 2024 03:09am

PM lauded for forming body to address farmers’ grievances

KARACHI: Zubair Tufail, President of the United Business Group (UBG), has applauded the Prime Minister of Pakistan...

Published 12 May, 2024 03:09am

Maryam underscores need for revolutionizing real estate sector

LAHORE: “Together, ADM Holding, Emirates Real Estate Solutions (ERES) and Lahore Development Authority (LDA) are...

Published 12 May, 2024 03:09am

Devastating floods: Pakistan expresses solidarity with Afghan people

ISLAMABAD: Pakistan on Saturday expressed solidarity with the people of Afghanistan following devastating floods hit...

Published 12 May, 2024 03:09am

APNS condolence

KARACHI: Nazafreen Saigol Lakhani, President and Sarmad Ali, Secretary General of the All Pakistan Newspapers ...

Published 12 May, 2024 03:09am

Punjab decides to devise a new wheat policy

LAHORE: The Punjab food department has decided to withdraw from its practice of wheat procurement, sources said on...

Published 12 May, 2024 03:09am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Saturday (May 11, 2024). ======================================= Offset...

Published 12 May, 2024 03:09am

Energy

Oil slips on prospect of higher-for-longer US rates

NEW YORK: Oil prices fell by nearly $1 a barrel on Friday as comments from US central bank officials indicated...

Published 12 May, 2024 03:09am

Rates

Activities at PQA, KPT

KARACHI: Shipping activities were reported at the port where three ships namely, MSC Positano, Federal Iberville and...

Published 12 May, 2024 03:09am

Energy

US natural gas up on rising demand forecasts, lower output

NEW YORK: US natural gas futures held near a 14-week high on Thursday on forecasts for more demand over the next two...

Published 12 May, 2024 03:09am

Islamabad: street crime shows upward trend

ISLAMABAD: Street crime has shown an upward trend in the federal capital during the last week as carjackers stole...

Published 12 May, 2024 03:09am

PTI issues show-cause notice to Marwat

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Saturday slapped party maverick Sher Afzal Marwat with a show-cause...

Published 12 May, 2024 03:09am

Letters

‘Dharna Commission Report: more questions than answers’

This is apropos a letter to the Editor by this writer carried by the newspaper yesterday. In this author’s view,...

Published 12 May, 2024 03:09am

Governor Punjab vows to play role of bridge between PPP, PML-N

LAHORE: Governor Punjab Sardar Saleem Haider Khan Saturday visited the shrine of Bibi Pak Daman, Mazar-i-Iqbal and...

Published 12 May, 2024 03:09am

Failure to curb child marriages: LHC refers mater to authorities for taking action against marriage registrar

LAHORE: The Lahore High Court (LHC) taking notice of the non-implementation of its guidelines to curb child ...

Published 12 May, 2024 03:09am

PUASA urges need to increase efficiency of established universities

LAHORE: The Punjab University Academic Staff Association (PUASA) on Saturday has expressed its concern over the...

Published 12 May, 2024 03:09am

Punjab govt seeks cooperation with TUV Rheinland Co, Germany

LAHORE: The cooperation between TUV Rheinland and Punjab Government will further solidify mutual relations between...

Published 12 May, 2024 03:09am

LHC says court permission a must to retrieve data from cell phone of suspect

LAHORE: The Lahore High Court (LHC) held that under the privacy rights guaranteed by the Constitution, data from a...

Published 12 May, 2024 03:09am

President summons NA session tomorrow

ISLAMABAD: President Asif Ali Zardari summoned the session of the National Assembly on Monday (May 13) at 04:00 ...

Published 12 May, 2024 03:09am

Pakistan to launch another satellite on 30th

MM1, the new satellite is scheduled to be launched on May 30, according to a spokesperson of the Space and Upper Atmosphere Research Commission

Updated 12 May, 2024 01:33pm

Energy

Chinese firms win licencing bids to explore Iraq oil, gas fields

BAGHDAD: Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for...

Published 12 May, 2024 03:09am

Business & Economy

Govt wants to attract investment from UK, other countries: PM

Premier says Pakistan and the United Kingdom enjoy long-standing relations that are further strengthening with the passage of time

Updated 12 May, 2024 01:33pm

Leveraging climate action for economic resilience: Pakistan’s imperative

In the intricate web of global economics; the fusion of climate action, economic stability, and international...

Published 12 May, 2024 03:09am

Fertiliser subsidy challenge

EDITORIAL: One can only wonder what to make of the ministry of industry and production’s proposal to extend...

Published 12 May, 2024 03:09am

Writing on the wall

EDITORIAL: It’s not every day that a politician’s interview goes viral and impacts the national narrative quite...

Published 12 May, 2024 03:09am

Supplies by importers: Reduced rate of 1-4pc for purpose of tax withholding likely

ISLAMABAD: The government is planning to introduce a reduced rate of 1-4 percent for the purpose of tax withholding...

Updated 12 May, 2024 01:30pm

Commodities

Iron ore futures down

HANOI: Iron ore futures fell to their lowest in more than two weeks, pressured by an inventory accumulation at...

Published 12 May, 2024 03:09am

Cotton & Textile

Little business on cotton market

LAHORE: The local cotton market remained bearish on Saturday, with low trading volume. Cotton Analyst Naseem Usman...

Published 12 May, 2024 03:09am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday, (May 11, 2024)...

Published 12 May, 2024 03:09am

Commodities

Copper rises as traders chase arbitrage opportunities

LONDON: Copper prices rose on Friday as traders raced to capture arbitrage opportunities with growing gaps between...

Published 12 May, 2024 03:09am

Commodities

EU wheat climbs to nine-month peak

PARIS: European wheat futures rose on Friday to their highest in more than nine months on growing concern over...

Published 12 May, 2024 03:09am

Commodities

Corn climbs as USDA projects US stocks below expectations

CHICAGO: Chicago corn futures advanced on Friday after the US Department of Agriculture (USDA) projected US...

Published 12 May, 2024 03:09am

Commodities

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 26.507...

Published 12 May, 2024 03:09am

Commodities

Gold extends gains

BENGALURU: Gold prices climbed on Friday, en route to their best week in five, with zero-yield bullion building on...

Published 12 May, 2024 03:09am

Commodities

Japanese rubber futures easier

SINGAPORE: Japanese rubber futures fell 1% on Friday as geopolitical concerns surrounding key consumer China weighed...

Published 12 May, 2024 03:09am

Commodities

Malaysian palm oil falls

SINGAPORE: Malaysian palm oil futures fell for a third consecutive session to close at a three-month low on Friday,...

Published 12 May, 2024 03:09am

Budget proposals: PBF underscores need for strengthening agri sector

KARACHI: Pakistan Business Forum (PBF) have sent the detailed proposals for the budget 2024-25 to the Ministry of...

Published 12 May, 2024 03:09am

Commodities

‘2.76m acres of land brought under cotton cultivation’

LAHORE: Farmers in Punjab have so far brought 2.76 million acres of land under cotton cultivation in the province...

Published 12 May, 2024 03:09am

Cigarettes: Experts for gradual implementation of uniform FED rate

ISLAMABAD: Health experts have strongly recommended gradual implementation of a uniform Federal Excise Duty (FED)...

Published 12 May, 2024 03:09am

Peshawar: prices of essential kitchen items decline

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

Published 12 May, 2024 03:09am

Post-budget press conference: KP to raise issue of ex-interim govt’s questionable performance

PESHAWAR: Khyber Pakhtunkhwa government said on Saturday that the former caretaker government in the province had...

Published 12 May, 2024 03:09am

FY2024-25: FPCCI, BR organising Pre-Budget Conference today

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Business Recorder are jointly...

Updated 12 May, 2024 09:30am

‘Sit-in and attack on parliament’: PTI says ready for probe but its scope should be extended

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Saturday said that it is ready to face an inquiry into ‘2014 sit-in and...

Updated 12 May, 2024 09:32am

Dar to visit Beijing for ‘strategic dialogue’

ISLAMABAD: Pakistan and China will comprehensively review bilateral ties including economic and trade cooperation;...

Updated 12 May, 2024 09:30am

Wind projects: KE’s Dhabeji grid station, NTDC line to reduce power cuts: PPIB

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has said that KE’s 220 kV Dhabeji Grid Station and...

Updated 12 May, 2024 09:29am

There will be no new fuel subsidy or cross-subsidy schemes: Govt makes firm pledge to IMF

Assures IMF that it will refrain from netting out cross-arrears without proper due diligence and ex-ante independent auditing

Updated 12 May, 2024 01:30pm

PM forms body to address issues hindering implementation of ‘Tajir Dost Scheme’

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a committee comprising chairman Federal Board of Revenue...

Updated 12 May, 2024 10:27pm

ECC approves Rs4.86bn TSG for PAEC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs4.861 billion technical...

Updated 12 May, 2024 01:30pm

AGP tells SC: Steps will be taken to make FBR policy board functional

ISLAMABAD: The Attorney General for Pakistan (AGP) told the Supreme Court that immediate steps will be taken soon to...

Updated 12 May, 2024 01:32pm

Toshakhana case: Presidential immunity granted to Zardari

ISLAMABAD: The Accountability Court on Saturday granted presidential immunity to President Asif Ali Zardari in...

Updated 12 May, 2024 01:31pm

MBS’s visit put off for ‘time being’

ISLAMABAD: The highly-anticipated visit of Saudi Crown Prince Mohammed bin Salman to Pakistan has been postponed...

Updated 12 May, 2024 01:31pm

Industry

IEEEP symposium for promoting local products

KARACHI: Notable speakers have reiterated the importance of made-in-Pakistan products and their promotion, along...

Published 12 May, 2024 03:09am

Industry

Deceptive marketing practices: CCP issues notices to 12 companies manufacturing ‘beauty’ products

ISLAMABAD: The Competition Commission of Pakistan (CCP) has taken cognizance of deceptive marketing by the beauty...

Published 12 May, 2024 03:09am

Taxes

Tribunal sets aside orders of OIR for not following directions of Commissioner-IR Appeals

LAHORE: An Income Tax Tribunal has set-aside the orders of an Officer Inland Revenue (OIR) for not following the...

Published 12 May, 2024 03:09am

Money & Banking

SBP provides foundation for elimination of Riba by Dec 31, 2027

FAISALABAD: State Bank of Pakistan (SBP) has provided a solid and practicable foundation for the elimination of Riba...

Published 12 May, 2024 03:09am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	281.78
USD PKR Interbank Buying / May 14	281.68
USD to Japanese Yen / May 14	147.13
USD to Swiss Franc / May 14	0.84
Pound Sterling to USD / May 14	1.33
Euro to USD / May 14	1.12
UK LIBOR % / May 13	4.96

Stock	Volume
S&P 500 / May 13	5,886.55
Nasdaq / May 13	19,010.09
Dow Jones / May 13	42,140.43
India Sensex / May 14	81,497.76
Tokyo Nikkei / May 14	38,113.18
Hang Seng / May 14	23,504.69
FTSE 100 / May 14	8,607.88
Germany DAX 30 / May 14	23,613.03
France CAC40 / May 14	7,846.03

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	16,985
Gold 10 Grams PKR / May 13	295,096
Cotton US¢/pound / May 13	66.61
Petrol/Litre / May 14	252.63
Crude Oil USD/Barrel / May 14	63.39
Gold Spot USD/Ounce / May 14	3,234.38
Diesel/Litre / May 14	256.64

Gainers
Losers
Leaders

Stock	Price
Ghani Chemworld / May 14 Ghani Chemworld Limited(GCWL)	8.14 ▲ 1 (14.01%)
Al-Shaheer Corp / May 14 Al Shaheer Corporation Limited(ASC)	7.75 ▲ 0.87 (12.65%)
B. F. Mod. / May 14 B.F. Modaraba(BFMOD)	9.34 ▲ 1 (11.99%)
Tariq Corp.Pref. / May 14 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.99 ▲ 0.88 (10.85%)
AN Textile Mill / May 14 AN Textile Mills Limited(ANTM)	10.79 ▲ 1 (10.21%)
S.G.Power / May 14 S.G. Power Limited(SGPL)	7.71 ▲ 0.71 (10.14%)
Hala Enterprise / May 14 Hala Enterprises Limited(HAEL)	12.05 ▲ 1.1 (10.05%)
Power Cem(Pref) / May 14 Power Cement (Pref)(POWERPS)	16.89 ▲ 1.54 (10.03%)
Dewan Motors / May 14 Dewan Farooque Motors Limited(DFML)	36.03 ▲ 3.28 (10.02%)
Bunnys Limited / May 14 Bunnys Limited(BNL)	28.01 ▲ 2.55 (10.02%)

Stock	Price
Dewan Mushtaq / May 14 Dewan Mushtaq Textile Mills Limited(DMTM)	8.81 ▼ -0.99 (-10.1%)
Aisha Steel(ConPS) / May 14 Aisha Steel(ConPS)(ASLPS)	13.55 ▼ -1.45 (-9.67%)
Faisal Sp. / May 14 Faisal Spinning Mills Limited(FASM)	285.21 ▼ -29.79 (-9.46%)
Bilal Fibres / May 14 Bilal Fibres Limited(BILF)	18 ▼ -1.59 (-8.12%)
786 Invest Ltd / May 14 786 Investments Limited(786)	7.32 ▼ -0.62 (-7.81%)
TPL Trakker Ltd / May 14 TPL Trakker Limited(TPLT)	6.09 ▼ -0.5 (-7.59%)
Samba Bank / May 14 Samba Bank Limited(SBL)	8.57 ▼ -0.7 (-7.55%)
IbrahimFibres / May 14 Ibrahim Fibres Limited(IBFL)	325.02 ▼ -23.41 (-6.72%)
Calcorp Ltd / May 14 Calcorp Limited(CASH)	38.52 ▼ -2.74 (-6.64%)
F.Credit & Inv / May 14 First Credit and Investment Bank Limited(FCIBL)	7.46 ▼ -0.53 (-6.63%)

Stock	Volume
At-Tahur Ltd. / May 14 At-Tahur Limited(PREMA)	38,484,771 ▲ 4.08
Fauji Cement / May 14 Fauji Cement Company Limited(FCCL)	34,776,712 ▲ 0.27
Sui South Gas / May 14 Sui Southern Gas Company Limited(SSGC)	32,150,071 ▲ 3.28
D.G.K.Cement / May 14 D.G. Khan Cement Company Limited(DGKC)	17,878,731 ▼ -2.39
Power Cement / May 14 Power Cement Limited(POWER)	17,869,606 ▲ 0.16
WorldCall Telecom / May 14 Worldcall Telecom Limited(WTL)	16,987,778 ▲ 0.01
B.O.Punjab / May 14 The Bank of Punjab(BOP)	14,032,941 ▼ -0.01
Al-Shaheer Corp / May 14 Al Shaheer Corporation Limited(ASC)	12,652,902 ▲ 0.87
Maple Leaf Cement / May 14 Maple Leaf Cement Factory Limited(MLCF)	12,337,015 ▼ -0.22
Pak Refinery / May 14 Pakistan Refinery Limited(PRL)	12,217,821 ▲ 0.75

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