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

APNS condolence

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Paper

Lahore Paper Market Rates

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

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

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

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

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

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

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

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

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

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

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

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

‘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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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