News Archives for Print - 2024-05-14

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Print - 2024-05-14

Melinda Gates to step down as co-chair of Gates Foundation

BENGALURU: Melinda French Gates is stepping down as co-chair of the Bill and Melinda Gates Foundation, one of the...

Published 14 May, 2024 05:18am

Major airlines sue Biden administration over fee disclosure rule

WASHINGTON: Major US airlines are suing the US Transportation Department over a new rule requiring upfront ...

Published 14 May, 2024 05:18am

King Charles appoints William to lead Harry’s old regiment

LONDON: Britain’s King Charles III officially handed over the role of Colonel-in-Chief of the Army Air Corps to...

Published 14 May, 2024 05:18am

India vote resumes with IIOJK poised to oppose Modi

OCCUPIED SRINAGAR: India’s six-week election resumed Monday including in Illegally Indian Occupied Jammu and...

Published 14 May, 2024 05:18am

UN nears landmark deal on combatting biopiracy

GENEVA: The fight against biopiracy — plundering genetic resources and the traditional knowledge surrounding them...

Published 14 May, 2024 05:18am

Cooperation emphasised: Pak-US antiterrorism dialogue concludes

ISLAMABAD: Pakistan and the United States counterterrorism dialogue has concluded with an emphasis on cooperation...

Published 14 May, 2024 05:18am

Pakistani women to hoist flag of Pakistan on K2 this year

ISLAMABAD: The year 2024 is marked as the Platinum Jubilee of the first ascent of K2 for its 70th anniversary of the...

Published 14 May, 2024 05:18am

SECP releases guide to facilitate Modaraba Companies, Modarabas

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has released a comprehensive guide to ...

Published 14 May, 2024 05:18am

Taxes

IPSOS report highlights alarming issues in Pakistan’s tobacco industry

ISLAMABAD: A latest report of significant credibility, published by IPSOS, an esteemed international surveying...

Published 14 May, 2024 05:18am

NAB prosecutor tells IHC: 190m pounds came from UK in three instalments

ISLAMABAD: The National Accountability Bureau (NAB) prosecutor informed the Islamabad High Court (IHC) that UK pound...

Published 14 May, 2024 05:18am

Meezan Bank and Roche Pakistan join forces to combat breast cancer

KARACHI: Meezan Bank, Pakistan’s first and largest Islamic Bank, has joined hands with Roche Pakistan, one of the...

Published 14 May, 2024 05:18am

Mohmand Dam: WAPDA chief asks contractors to execute project as per schedule

LAHORE: Chairman WAPDA Engr Lt Gen Sajjad Ghani (r) visited Mohmand Dam Project to review construction progress on...

Published 14 May, 2024 05:18am

Industry

PITB devises satellite-based Crop Yield Prediction System

LAHORE: Punjab Information Technology Board (PITB) Chairman Faisal Yousaf has said that the Board has devised a...

Published 14 May, 2024 05:18am

Shoaib Siddiqui meets Saad Rafique

LAHORE: Shoaib Siddiqui, General Secretary of Istehkam-e-Pakistan Party Punjab and member of Punjab Assembly, met...

Published 14 May, 2024 05:18am

CM directs completion of projects in Lahore

LAHORE: Punjab Chief Minister Maryam Nawaz has directed the authorities concerned to complete development projects ...

Published 14 May, 2024 05:18am

EOC urges districts to improve polio microplans

LAHORE: Punjab Emergency Operations Centre (EOC) Coordinator and Head of the polio programme in Punjab, Khizer ...

Published 14 May, 2024 05:18am

‘1st CM Skills Development Programme’ launched

LAHORE: Launching the “1st Chief Minister Skills Development Programme” in Punjab, Chief Minister Maryam Nawaz...

Published 14 May, 2024 05:18am

Companies

UBL to build regional office at Naya Nazimabad

KARACHI: United Bank Limited (UBL) - a leading bank of Pakistan, has acquired a 14,092 sq. yards commercial plot in...

Updated 14 May, 2024 06:13am

HGOs face problems in securing accommodation for pilgrims

KARACHI: Hajj Group Organisers (HGOs) across the country are grappling with a major challenge of securing...

Published 14 May, 2024 05:18am

KMC Council: 13 resolutions unanimously approved

KARACHI: The general meeting of the Council of the Karachi Metropolitan Corporation was held on Monday at the ...

Published 14 May, 2024 05:18am

Sharjeel reiterates party’s commitment to freedom of expression

HYDERABAD: Sindh Senior Minister and Provincial Minister for Information, Transport and Mass Transit, Excise ...

Published 14 May, 2024 05:18am

N Ireland court blocks UK law to deport asylum-seekers to Rwanda

BELFAST: A High Court judge in Belfast on Monday ruled that a UK law allowing asylum-seekers to be deported to ...

Published 14 May, 2024 05:18am

Sunak says UK at ‘crossroads’ but refuses to call election

LONDON: UK Prime Minister Rishi Sunak insisted on Monday that his beleaguered governing Conservative party can win a...

Published 14 May, 2024 05:18am

Fierce fighting rocks Gaza after US warning of post-war ‘anarchy’

GAZA CITY: Israel battled Hamas in Gaza on Monday, including in far-southern Rafah, despite US warnings against a...

Published 14 May, 2024 05:18am

Turkey unveils package to rein in spending, boost efficiency

ANKARA: Turkey will rein in public spending and boost efficiency under a savings plan announced on Monday, launching...

Published 14 May, 2024 05:18am

Georgians protest anti-NGO bill as ruling party vows to adopt

TBILISI: Hundreds of young Georgians crowded outside parliament on Monday ahead of a third straight night of ...

Published 14 May, 2024 05:18am

Russia rains attacks on Ukraine’s Kharkiv region after launching offensive

RUSKI TYSHKY: Russia on Monday pummelled towns and villages in Ukraine’s northeastern Kharkiv region days after...

Published 14 May, 2024 05:18am

Tunisian lawyers protest, launch strike after pundit arrested

TUNIS: Tunisian lawyers protested and launched a nationwide strike on Monday over the arrest of a lawyer and...

Published 14 May, 2024 05:18am

Pre-Budget Conference FY 2024-25: Message from Shahzad Malik (SI) Chief Executive Guard Agricultural Research & Services (Pvt.) Ltd

TEXT: With over 70 years of experience, Guard has successfully established itself as a strong brand in Pakistan. ...

Published 14 May, 2024 05:18am

Overregulation hurts sugar industry of Pakistan

TEXT: Sugar industry is the 2nd largest agro-based industry in Pakistan after textiles. Pakistan is an important...

Published 14 May, 2024 05:18am

Millat Tractors Limited: Excellence in Engineering

TEXT: Millat Tractors Limited (MTL), an ISO 9001:2008 certified company is Pakistan’s leading engineering concern...

Published 14 May, 2024 05:18am

Pre-Budget Conference FY 2024-25: Message from Message from Atif Ikram Sheikh President Federation of Pakistan Chambers of Commerce & Industry (FPCCI)

TEXT: Esteemed Members of the Business Community, As we convene for the Pre-Budget Conference for the fiscal year...

Published 14 May, 2024 05:18am

Pre-Budget Conference FY 2024-25: Message from Muhammad Aurangzeb Federal Minister for Finance and Revenue, Pakistan

TEXT: Our government is committed to putting Pakistan on the path of sustainable economic growth and development....

Published 14 May, 2024 05:18am

The Weather

KARACHI: The weather report on Monday (May 13, 2024) and the forecast for Tuesday (May 14, 2024)...

Published 14 May, 2024 05:18am

AJK: PM orders release of Rs23bn

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday ordered an immediate release of Rs23 billion to resolve the ...

Published 14 May, 2024 05:18am

Shehbaz resigns as PML-N president

ISLAMABAD: Prime Minister Shehbaz Sharif has stepped down as Pakistan Muslim League-Nawaz (PML-N) president, paving...

Published 14 May, 2024 05:18am

IRSA increases water shares of Punjab, Sindh

ISLAMABAD: The Indus River System Authority (IRSA) Advisory Committee (IAC) has increased water shares of Punjab and...

Published 14 May, 2024 05:18am

PTI concerned about fast deteriorating situation in AJK

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) lambasted the government on Monday for creating a situation in Azad Jammu...

Published 14 May, 2024 05:18am

Flights resumption talks: PCAA delegation leaves for Brussels

ISLAMABAD: A senior delegation from the Pakistan Civil Aviation Authority, led by Secretary Aviation, embarked on a...

Published 14 May, 2024 05:18am

Mayor of Shoguang meets Dar

ISLAMABAD: Mayor of Shoguang, Zhao Tianbao, called on the Deputy Prime Minister and Foreign Minister, Senator...

Published 14 May, 2024 05:18am

Manzoor Wattoo with family join PPP

LAHORE: The former Chief Minister Punjab, Manzoor Wattoo after meeting with the Chairman Pakistan Peoples Party,...

Published 14 May, 2024 05:18am

Delay in justice not to be tolerated: LHC CJ

LAHORE: The Chief Justice of the Lahore High court (LHC) observed that delay or impediment in the administration of...

Published 14 May, 2024 05:18am

SIFC DG passes away

Islamabad: Director General, Special Investment Facilitation Council (SIFC) and senior diplomat Dr Diyar Khan passed...

Published 14 May, 2024 05:18am

Journalists’ case: SC grants police 4 weeks to complete probe

ISLAMABAD: The Supreme Court granted four weeks to the Islamabad police to complete the investigation into Absar...

Published 14 May, 2024 05:18am

‘As per constitution, security institutions cannot indulge in politics’: Ayub

ISLAMABAD: Amid vociferous protests by Pakistan Tehreek-e-Insaf (PTI)-backed Sunni Ittehad Council (SIC)-led...

Published 14 May, 2024 05:18am

PARTLY FACETIOUS: The Samdhi who is so very greedy for hats

“I am a firm believer that only one hat must ever be worn!” “Hmmm that’s a sheer waste – what about the other hats...

Published 14 May, 2024 05:18am

COAS confers military awards upon personnel for gallantry

RAWALPINDI: An investiture ceremony was held at General Headquarters, Rawalpindi on Monday. According to a press...

Published 14 May, 2024 05:18am

The education emergency

Shehbaz Sharif declared an ‘education emergency’ across Pakistan on Wednesday, the 8th of May 2024. This is in...

Published 14 May, 2024 05:18am

Impasse

Anniversaries can be of different kinds, some mere rituals, others more than a mere remembrance of things past. May...

Published 14 May, 2024 05:18am

Letters

Tax reforms: Aurangzeb will bell the cat?

It is indeed heartening to note that the country’s external account position is gradually improving amid reports...

Published 14 May, 2024 05:18am

An anti-citizen policy?

Governments are supposed to make people-friendly and welfare-oriented policies. Citizens should not be just tax...

Published 14 May, 2024 05:18am

Stocks

Indian shares end higher after volatile session

BENGALURU: Indian shares rebounded to settle marginally higher after a volatile session on Monday, as gains in top...

Published 14 May, 2024 05:18am

Stocks

Tokyo stocks close lower

TOKYO: Tokyo stocks closed lower on Monday, weighed down by a rise in Japanese long-term interest rates, as ...

Published 14 May, 2024 05:18am

Rates

PSX soars to historic high

KARACHI: Pakistan Stock Exchange on Monday hit new highest-ever levels on the back of continued bullish trend on...

Published 14 May, 2024 05:18am

Energy

Dar, Gezhouba Group chairman discuss ongoing projects in Pakistan

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar met with the Chairman of Gezhouba Group on Mondayin...

Published 14 May, 2024 05:18am

Stocks

Wall St inches up with inflation prints in focus

NEW YORK: US stock indexes edged higher on Monday, nearing record highs after a recent run of gains, as investors...

Published 14 May, 2024 05:18am

Stocks

European shares end flat as investors await for inflation test

PARIS: Europe’s STOXX 600 closed flat on Monday, as investors geared up for a slew of economic data from the euro...

Published 14 May, 2024 05:18am

Stocks

China stocks slip after weak credit data

SHANGHAI: China stocks slipped on Monday, weighed down by weak credit growth data and news of fresh US tariffs even...

Published 14 May, 2024 05:18am

Energy

US natgas prices little changed as rising demand offsets higher output

NEW YORK: US natural gas futures were little changed on Monday as forecasts for more demand next week than ...

Published 14 May, 2024 05:18am

Commodities

Iron ore climbs as bond issuance stimulus offsets weak China data impact

BEIJING: Iron ore futures prices strengthened on Monday, as news of more bond issuance by Chinese authorities to ...

Published 14 May, 2024 05:18am

Commodities

Malaysian palm oil futures up on support from rival oils

JAKARTA: Malaysian palm oil futures closed higher on Monday as the market tracked strength in rival oils at Dalian...

Published 14 May, 2024 05:18am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 22.723...

Published 14 May, 2024 05:18am

Commodities

Paris wheat at 9-month highs on Russian harvest concern

HAMBURG/PARIS: European wheat futures extended a rally on Monday to a nine-month high as continuing cold weather in...

Published 14 May, 2024 05:18am

Commodities

Copper lifted by Fed rate cut hopes, supply disruptions

BEIJING: Copper rose on Monday, underpinned by investors’ hope for Fed rate cuts and rising demand in top consumer...

Published 14 May, 2024 05:18am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 230,760 tonnes of cargo comprising 115,139 tonnes of import cargo and ...

Published 14 May, 2024 05:18am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (May 13, 2024)...

Published 14 May, 2024 05:18am

Cotton & Textile

Modest business on cotton market

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

Published 14 May, 2024 05:18am

Energy

Oil prices rise as attention shifts to US inflation

NEW YORK: Oil prices rose on Monday, as signs of improving demand in top importer China and potential supply...

Published 14 May, 2024 05:18am

Rates

LME official prices

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

Published 14 May, 2024 05:18am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (May 13, 2024). ========================== KIBOR...

Published 14 May, 2024 05:18am

Forex

Open market rates of foreign currencies

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

Published 14 May, 2024 05:18am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (May 13, 2024). ======================== Open Bid Rs...

Published 14 May, 2024 05:18am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (May 13, 2024)....

Published 14 May, 2024 05:18am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 13, 2024)....

Published 14 May, 2024 05:18am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (May 13, 2024)...

Published 14 May, 2024 05:18am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (May 13, 2024). ======================================= Offset Paper...

Published 14 May, 2024 05:18am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (May 13, 2024). ==================================== BR...

Published 14 May, 2024 05:18am

NA, Punjab PA: ruling coalition loses two-third majorities

PML-N loses 44 seats in three assemblies, while PPP loses 15 seats in four assemblies

Updated 14 May, 2024 01:13pm

IK says will not flee ‘like Zardari, Nawaz’

ISLAMABAD: The incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman, Imran Khan, on Monday said that he...

Updated 14 May, 2024 08:56am

Finance Div earmarks Rs573.9m provisional IBCs for FY24-25

ISLAMABAD: Finance Division has reportedly earmarked Rs 573.915 million Provisional Indicative Budget Ceilings...

Updated 14 May, 2024 09:34am

Urea fertilizer: MoF refuses to extend subsidy due to financial snags

ISLAMABAD: The Finance Ministry has reportedly refused to extend subsidy on urea fertilizer due to financial...

Updated 14 May, 2024 01:13pm

Govt, IMF team start discussions

ISLAMABAD: The government of Pakistan on Monday kick-started the discussions on further engagement with the...

Updated 14 May, 2024 09:38am

Telcos assure Aurangzeb: 5,000 SIM cards of non-filers will be blocked daily

ISLAMABAD: The telecom companies have given assurance to Finance Minister Muhammad Aurangzeb that the mobile phone...

Updated 14 May, 2024 09:36am

Power, wheat flour prices slashed in AJK

ISLAMABAD: Prime Minister (PM) of Azad Jammu and Kashmir (AJK) Chaudhry Anwarul Haq has announced that the state...

Updated 14 May, 2024 08:59am

Three protesters killed

ISLAMABAD: Situation in Azad Jammu and Kashmir (AJK) has further worsened after three protesters were reportedly...

Updated 14 May, 2024 09:33am

Significant decline in prices of petrol, HSD likely

ISLAMABAD: Petrol prices are estimated to decline by Rs 13.40 per litre and high-speed diesel (HSD) by Rs8.19 per...

Updated 14 May, 2024 09:12am

Dutch cities: Pro-Palestinian protesters occupy university buildings

AMSTERDAM: Pro-Palestinian protesters on Monday occupied university buildings in the Dutch cities of Amsterdam,...

Updated 14 May, 2024 09:34am

NA budget session to commence on June 6

ISLAMABAD: The ongoing National Assembly session will discuss the proposals regarding the coming budget session for...

Updated 14 May, 2024 09:11am

Proposals for categorisation of SOEs sought

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Monday directed the concerned ministries/...

Published 14 May, 2024 05:18am

Pakistan committed to SCO’s charter: Dar

BEIJING: Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar has expressed Pakistan’s strong commitment...

Published 14 May, 2024 05:18am

Industry

FPCCI president concerned at re-closure of Chaman border

KARACHI: Atif Ikram Sheikh, President FPCCI, has apprised that the Chaman border has been closed once again for the...

Published 14 May, 2024 05:18am

Industry

Trade, exports: Jam reiterates his commitment to facilitation & diversification policy

KARACHI: Federal Commerce Minister, Jam Kamal Khan, reiterating the government’s commitment to policy of...

Published 14 May, 2024 05:18am

Industry

PSMA Punjab chief says govt required to play the role of ‘facilitator’ for industry

LAHORE: Pakistan Sugar Mills Association (PSMA) Punjab Chairman and leading industrialist Chaudhry Zaka Ashraf has...

Published 14 May, 2024 05:18am

Govt unable to buy wheat in current situation: minister

Agriculture and Allied

Commodities

Japanese rubber futures firm on weaker yen

SINGAPORE: Japanese rubber futures snapped a two-day losing streak to close higher on Monday amid a weaker yen and...

Published 14 May, 2024 05:18am

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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