News Archives for Print - 2024-05-15

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Print - 2024-05-15

Companies

Emirates Group reports record profit of $5.1bn for FY 2023-24

KARACHI: The Emirates Group has announced its best-ever financial performance for the fiscal year 2023-24, reporting...

Published 15 May, 2024 05:53am

Rates

LME official prices

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

Published 15 May, 2024 05:47am

H1: Fiscal deficit increases to 2.3pc of GDP

KARACHI: Fiscal deficit increased to 2.3 percent of GDP in the first half of FY24 from 2.0 percent in the same ...

Published 15 May, 2024 05:47am

Move on from Afghan ‘trauma’ and address rising threat: US study

WASHINGTON: The United States must move on from the “trauma” of two decades of war and step up counterterrorism...

Published 15 May, 2024 05:47am

US sharply hikes tariffs on Chinese EVs and chips

WASHINGTON: US President Joe Biden took aim at China on Tuesday, saying Beijing is “cheating” rather than...

Published 15 May, 2024 05:47am

CPJ says Indian journalist shot dead at BJP election rally

NEW DELHI: The Committee to Protect Journalists condemned Monday’s killing of journalist Ashutosh Srivastava and...

Published 15 May, 2024 05:47am

Israeli tanks push into Rafah, as displaced civilians flee again

CAIRO: Israeli tanks forged deeper into eastern Rafah on Tuesday, reaching some residential districts of the ...

Published 15 May, 2024 05:47am

Record 76m people displaced worldwide, says monitor

GENEVA: Conflict in Gaza and Sudan pushed the number of internally displaced people (IDPs) worldwide to a record ...

Published 15 May, 2024 05:47am

Industry

Stemming smuggling, transit trade misuse: Changes in customs laws on the anvil: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb, Tuesday, conveyed to the Pakistan Business Council (PBC) that major...

Published 15 May, 2024 05:47am

Ex-govt officials, bankers, bureaucrats own properties in Dubai: report

KARACHI: More than a dozen retired military officials and their families, as well as bankers and bureaucrats, own...

Updated 15 May, 2024 10:37am

Dar, CIDCA chairman discuss Gwadar Airport, other projects

BEIJING: Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar on Tuesday held a luncheon meeting with...

Published 15 May, 2024 05:47am

Gary Kirsten to join Pakistan team ahead of England series

LAHORE: Pakistan Cricket Board on Tuesday announced that Gary Kirsten will join the national men’s side in Leeds ...

Published 15 May, 2024 05:47am

The Weather

KARACHI: The weather report on Tuesday (May 14, 2024) and the forecast for Wednesday (May 15, 2024)...

Published 15 May, 2024 05:47am

Govt can generate Rs58.8bn by better use of land ‘occupied’ by federal govt employees: NGO

ISLAMABAD: The federal government can generate at least $58.8 billion by efficient and productive use of the land...

Published 15 May, 2024 05:47am

Spokesman defends assets of Bilawal, Aseefa

ISLAMABAD: All the national and international assets of Chairman Pakistan Peoples Party, Bilawal Bhutto-Zardari and...

Published 15 May, 2024 05:47am

Issues of KPC housing schemes to be resolved on priority basis: Info secy

KARACHI: Secretary Information Department Nadeem-ur-Rehman Memon said that the issues of journalists and press clubs...

Published 15 May, 2024 05:47am

Affairs of judiciary: AGP says govt, agencies not meddling

ISLAMABAD: The attorney general for Pakistan (AGP) denied the impression that the government or the intelligence...

Published 15 May, 2024 05:47am

Punjab CM for operationalising all inactive water filtration plants

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has directed the authorities concerned to entrust the management ...

Published 15 May, 2024 05:47am

Customs seizes crystal Meth worth Rs3.8m at JIA

KARACHI: The Collectorate of Customs, Airport has seized a substantial quantity of crystal Meth (MDMA) at...

Published 15 May, 2024 05:47am

FO rejects Indian leaders’ anti-Pakistan rhetoric

ISLAMABAD: The Foreign Office on Tuesday rejected the anti-Pakistan rhetoric by various Indian leaders, including...

Published 15 May, 2024 05:47am

Uniform policy being implemented to deal with the challenge of power pilferage, NA told

ISLAMABAD: The National Assembly was informed on Tuesday that a comprehensive uniform policy is being implemented to...

Published 15 May, 2024 05:47am

Iddat case: court adjourns hearing till today

ISLAMABAD: The counsel of Khawar Maneka, the complainant in the Iddat case against Pakistan Tehreek-e-Insaf (PTI)...

Published 15 May, 2024 05:47am

ECO-friendly car launched

KARACHI: At a simple, brief ceremony held at the premises of the SOS Technical Training Institute located on the...

Published 15 May, 2024 05:47am

Punjab CM, Nawaz visit Mayo’s ‘Children Emergency’

LAHORE: Punjab Chief Minister Maryam Nawaz accompanied by the Pakistan Muslim League (PML-N) supremo Nawaz Sharif...

Published 15 May, 2024 05:47am

5 Chinese scholars awarded PhDs by Punjab University

LAHORE: For the first time, five Chinese scholars have been awarded PhD degrees in Punjab University’s 133rd...

Published 15 May, 2024 05:47am

Rotary Club to provide free uniforms to needy students

FAISALABAD: Rotary Club of Faisalabad will provide free uniforms to students who cannot afford uniforms, besides...

Published 15 May, 2024 05:47am

Punjab Govt Advertisement Policy-2024 approved by cabinet

LAHORE: Punjab cabinet, which met here Tuesday with Chief Minister Maryam Nawaz in the chair, accorded approval to...

Published 15 May, 2024 05:47am

LCCI organises seminar on drug addiction and rehabilitation

LAHORE: The Lahore Chamber of Commerce and Industry organized a seminar on Drug Addiction and the Rehabilitation of...

Published 15 May, 2024 05:47am

CCPO disposes of 1956 service appeals

LAHORE: CCPO Lahore Bilal Siddique Kamyana heard police employees 1956 appeals this year, issuing warnings to 1541...

Published 15 May, 2024 05:47am

Better production: Agri dept, private sector should coordinate: minister

LAHORE: Punjab Agriculture Minister Syed Ashiq Hussain Kirmani has said that the Agriculture department and the...

Published 15 May, 2024 05:47am

Legal education: CCP inks MoU with DLE

ISLAMABAD: The Competition Commission of Pakistan (CCP) and the Directorate of Legal Education (DLE) have signed a...

Published 15 May, 2024 05:47am

Coca-Cola’s solar-powered water filtration plant benefits Megwarh villagers

ISLAMABAD: Coca-Cola’s Solar-Powered Water Filtration Plant in Megwarh Village near Umerkot Sindh has benefited ...

Published 15 May, 2024 05:47am

Dar briefs CTGI chairman over FDI scope in Pakistan

BEIJING: Executive Vice President of China Three Gorges Corporation (CTG) and Chairman of China Three Gorges...

Published 15 May, 2024 05:47am

Afghanistan: Deteriorating ties pose challenges in addressing terror threat

ISLAMABAD: The deteriorating bilateral relations between Pakistan and Afghanistan, coupled with a lack of meaningful...

Published 15 May, 2024 05:47am

Five Chinese scholars awarded PhD degrees in PU

LAHORE: For the first time, five Chinese scholars have been awarded PhD degrees in Punjab University’s 133rd...

Published 15 May, 2024 05:47am

Global team visits Guard Agricultural Research, Services

LAHORE: A high level 9-member delegation of internationally acclaimed food and agriculture scientists and ...

Published 15 May, 2024 05:47am

Petition against property tax revision: IHC issues notices to ECP and MCI

ISLAMABAD: The Islamabad High Court (IHC), Tuesday, issued notices to the Metropolitan Corporation of Islamabad...

Published 15 May, 2024 05:47am

Muhammad Ali Randhawa chairs Islamabad Development Working Party meeting

ISLAMABAD: Chief Commissioner Islamabad Muhammad Ali Randhawa on Tuesday met the Islamabad Development Working ...

Published 15 May, 2024 05:47am

Meeting discusses role, reforms of Planning Commission

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal presided over a high-level...

Published 15 May, 2024 05:47am

Minorities rally in Karachi to support Palestinians

KARACHI: Minorities in Karachi took out a march to express solidarity with Palestinians on Monday. The march was...

Published 15 May, 2024 05:47am

Nation suffering due to wrong priorities of policymakers

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 15 May, 2024 05:47am

First meeting of SATRC: Pakistan urges regional collaboration in addressing common ICT challenges

ISLAMABAD: Pakistan on Tuesday underscored the importance of regional collaboration in addressing common ICT...

Published 15 May, 2024 05:47am

Parents urged to protect children from dengue

LAHORE: The Technical Working Group on Dengue Virus, which met with the provincial Health Minister Khawaja Salman...

Published 15 May, 2024 05:47am

SAU to assist PBS in Digital Agricultural Census

HYDERABAD: Sindh Agriculture University will assist the Pakistan Bureau of Statistics (PBS) in conducting the ...

Published 15 May, 2024 05:47am

NAB amendments case: SC directs Centre, Punjab to make arrangements for IK appearance through video link

ISLAMABAD: The Supreme Court directed the federal and the Punjab governments to make arrangements for the appearance...

Published 15 May, 2024 05:47am

National security: Tarar emphasises govt's firm stance

ISLAMABAD: Minister for Information and Broadcasting Attaullah Tarar on Tuesday emphasised the government's firm...

Published 15 May, 2024 05:47am

UAE CG, Sindh CS discuss collaborative projects

KARACHI: In a meeting between the Consul General of the United Arab Emirates (UAE) Bakheet Ateeq AL Remeithi, and...

Published 15 May, 2024 05:47am

Why Imran, Bushra Bibi be shifted to KP: minister

LAHORE: Provincial Minister for Information and Culture Punjab Azma Bokhari while addressing Barrister Saif said ...

Published 15 May, 2024 05:47am

Zardari visits Green Pakistan Initiative Headquarters

ISLAMABAD: President Asif Ali Zardari visited the Green Pakistan Initiative Headquarters in Rawalpindi. The...

Published 15 May, 2024 05:47am

Blome discusses ‘judicial independence, rule of law’ with Tarar

ISLAMABAD: United States Ambassador to Pakistan, Donald Blome, on Tuesday, discussed “judicial independence,...

Published 15 May, 2024 05:47am

Protesters call off march in AJK

MUZAFFARABAD: An alliance of civil rights group on Tuesday called off a protest march in Pakistan-ruled Kashmir ...

Published 15 May, 2024 05:47am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (May 14, 2024). ==================================== BR...

Published 15 May, 2024 05:47am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (May 14, 2024). ======================================= Offset ...

Published 15 May, 2024 05:47am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 14, 2024)...

Published 15 May, 2024 05:47am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 14, 2024)....

Published 15 May, 2024 05:47am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (May 14, 2024)....

Published 15 May, 2024 05:47am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (May 14, 2024). ======================== Open Bid Rs...

Published 15 May, 2024 05:47am

Forex

Open market rates of foreign currencies

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

Published 15 May, 2024 05:47am

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 15 May, 2024 05:47am

Time to act: 9 cents/kWh

The country faces daunting economic challenges. A shrinking industrial base, a bulging workforce with no jobs to...

Updated 15 May, 2024 06:28am

Letters

Iran deserves praise

Israel’s ground and air campaign in Gaza has so far killed more than 35,000 people, mostly civilians, and driven...

Published 15 May, 2024 05:47am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR16.946 ...

Published 15 May, 2024 05:47am

Commodities

Copper hits highest since April 2022

LONDON: Copper prices clawed to their highest levels in more than two years on Tuesday as speculators, following...

Published 15 May, 2024 05:47am

Cotton & Textile

No visible change on cotton market

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

Published 15 May, 2024 05:47am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (May 14, 2024)...

Published 15 May, 2024 05:47am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 118,534 tonnes of cargo comprising 73,982 tonnes of import cargo and 44,552...

Published 15 May, 2024 05:47am

Energy

Oil down on inflation, supply risks in Mideast

HOUSTON: Oil prices fell on Tuesday, after fresh US data indicated inflation remains sticky, while potential risks ...

Published 15 May, 2024 05:47am

Energy

US natural gas prices turn negative

NEW YORK: US spot natural gas prices in Texas averaged below zero for Tuesday for the fourth time this month and the...

Published 15 May, 2024 05:47am

Stocks

Tokyo stocks close higher ahead of US data

TOKYO: Tokyo stocks closed higher on Tuesday following a seesaw session with investors eyeing the release of US...

Published 15 May, 2024 05:47am

Stocks

Wall St edges up after ‘mixed’ PPI data

NEW YORK: Wall Street’s main indexes inched up on Tuesday as investors assessed a mixed producer prices reading ...

Published 15 May, 2024 05:47am

Stocks

European shares close at record high

PARIS: European shares closed at a record high on Tuesday, with German’s Delivery Hero notching its biggest jump ...

Published 15 May, 2024 05:47am

Stocks

China stocks close down amid US tariff concerns

SHANGHAI: China stocks slipped on Tuesday, while the yuan weakened, as news of fresh US tariffs this week and...

Published 15 May, 2024 05:47am

Stocks

Asian FX hit pause as focus turns to US data

BENGALURU: Asian currencies and stocks were little changed on Tuesday under pressure from a steady dollar, as...

Published 15 May, 2024 05:47am

PARTLY FACETIOUS: ‘Patience is wearing thin!’

“Indeed and I define patience as the ability to count down before losing one’s cool and the people of Azad Jammu...

Published 15 May, 2024 05:47am

Girls in informational technology: let’s celebrate after genuine inclusion

An entrepreneur during an interview published on this platform said that women’s participation in the workforce...

Updated 15 May, 2024 06:22am

Protests, politics and the ‘un’-social media

The best way to control is to make people mindless. The best way to keep them mindless is to keep them illiterate...

Updated 15 May, 2024 06:34am

Rates

New milestone achieved

KARACHI: Pakistan Stock Exchange on Tuesday achieved another milestone, hitting new highest-ever level on the back ...

Published 15 May, 2024 05:47am

H1FY24: Contained CAD, better inflows help improve external account

KARACHI: Pakistan’s external account improved in the first half of FY24, as current account deficit (CAD) remained...

Published 15 May, 2024 05:47am

Commodities

Japan rubber futures rise on weather woes

SINGAPORE: Japanese rubber futures rose for a second session to close at a three-week high on Tuesday, as traders...

Published 15 May, 2024 05:47am

Commodities

Sliding coking coal prices put pressure on steel, iron ore

BEIJING: Prices of coking coal futures tumbled by more than 3% on Tuesday to their lowest in more than one month,...

Published 15 May, 2024 05:47am

Commodities

Malaysian palm oil futures lower

JAKARTA: Malaysian palm oil futures closed down on Tuesday, snapping previous session gains, as the market is...

Published 15 May, 2024 05:47am

Commodities

Gold inches up as traders eye key US inflation report

BENGALURU: Gold prices firmed on Tuesday as investors awaited the crucial inflation report this week, which can...

Published 15 May, 2024 05:47am

Commodities

Brazil’s Conab raises soybean output view

SAO PAULO: Brazilian farmers are expected to reap 147.685 million metric tons of soybeans in the 2023/2024 cycle,...

Published 15 May, 2024 05:47am

Commodities

Chicago wheat futures ease

PARIS/CANBERRA: Chicago wheat futures edged lower on Tuesday after hitting their highest since last July as prices...

Published 15 May, 2024 05:47am

H1FY24: Services sector posts a meagre growth of 0.5pc

KARACHI: Not withstanding robust agriculture growth and a moderate recovery in LSM during the second quarter of ...

Published 15 May, 2024 05:47am

No feel-good factor within general public

EDITORIAL: There is a level of comfort internationally in the improvement of key macroeconomic indicators - higher...

Published 15 May, 2024 05:47am

An inexcusable standoff

EDITORIAL: Amidst the prevailing disconcerting political instability the word ‘reconciliation’ frequently occurs...

Updated 15 May, 2024 06:17am

Impact assessment of EDF-funded projects ordered

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has directed a thorough impact assessment and analysis of...

Published 15 May, 2024 05:47am

IT services exporters: P@SHA proposes taxation reforms

KARACHI: Pakistan Software Houses Association (P@SHA), has apprised that the unanimous and representative budgetary...

Published 15 May, 2024 05:47am

ATIR rules approved: Special body formed to consult on PECA amendments

ISLAMABAD: The federal cabinet has decided to set up a special committee for consultation on amendments in Pakistan...

Updated 15 May, 2024 08:53am

FBR proposes Rs1.3trn new taxation measures

Chalks out plan including additional taxes, withdrawal of exemptions and zero-ratings and taxation of real estate/retail sectors

Updated 15 May, 2024 10:44am

H2FY24: SBP expects continuation of modest recovery

KARACHI: The State Bank of Pakistan (SBP) expects continuation of modest economic recovery in the second half of ...

Published 15 May, 2024 05:47am

H1FY24 agri sector output rebounds

KARACHI: The output of agriculture sector rebounded, with 6.8 percent growth in the first half of FY24 compared to...

Updated 15 May, 2024 09:19am

Reserved appeals/applications: ATIR chairman directs judicial members to write judgments

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) chairman has directed judicial members, whose tenure will...

Published 15 May, 2024 05:47am

Walmart to lay off hundreds of corporate staff, relocate others

Companies

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 21	280.46
USD PKR Interbank Buying / Mar 21	280.26
USD to Japanese Yen / Mar 21	149.32
USD to Swiss Franc / Mar 21	0.88
Pound Sterling to USD / Mar 21	1.29
Euro to USD / Mar 21	1.08
UK LIBOR % / Mar 20	4.96

Stock	Volume
S&P 500 / Mar 21	5,667.56
India Sensex / Mar 21	76,905.51
Tokyo Nikkei / Mar 21	37,677.06
Nasdaq / Mar 21	17,784.05
Hang Seng / Mar 21	23,689.72
FTSE 100 / Mar 21	8,646.79
Dow Jones / Mar 21	41,985.35
Germany DAX 30 / Mar 21	22,891.68
France CAC40 / Mar 21	8,042.95

Item	Value
Crude Oil USD/Barrel / Mar 21	68.31
Karachi Cotton PKR/37.32 KG / Mar 21	17,285
Gold 10 Grams PKR / Mar 21	273,319
Gold Spot USD/Ounce / Mar 21	3,028.10
Cotton US¢/pound / Mar 21	65.27
Petrol/Litre / Mar 23	255.63
Diesel/Litre / Mar 23	258.64

Gainers
Losers
Leaders

Stock	Price
Ist.Capital Sec / Mar 21 First Capital Securities Corporation(FCSC)	1.73 ▲ 0.25 (16.89%)
Lalpir Power / Mar 21 Lalpir Power Limited(LPL)	29.32 ▲ 2.67 (10.02%)
Bunnys Limited / Mar 21 Bunnys Limited(BNL)	23.16 ▲ 2.11 (10.02%)
Bela Auto / Mar 21 Bela Automotives Limited(BELA)	166.87 ▲ 15.17 (10%)
Sally Textile / Mar 21 Sally Textile Mills Limited(SLYT)	11 ▲ 1 (10%)
Agritech Limited / Mar 21 Agritech Limited(AGL)	73.59 ▲ 6.69 (10%)
S.S.Oil / Mar 21 S.S.Oil Mills Limited(SSOM)	122.16 ▲ 11.11 (10%)
Nishat Mills Ltd / Mar 21 Nishat Mills Limited(NML)	117.76 ▲ 10.71 (10%)
Suraj Cotton / Mar 21 Suraj Cotton Mills Limited(SURC)	122.32 ▲ 11.12 (10%)
Diamond Ind. / Mar 21 Diamond Industries Limited(DIIL)	27.96 ▲ 2.54 (9.99%)

Stock	Price
Elahi Cot. / Mar 21 Elahi Cotton Mills Limited(ELCM)	126.06 ▼ -13.99 (-9.99%)
Khyber Textile / Mar 21 Khyber Textile Mills Limited(KHYT)	435.56 ▼ -47.57 (-9.85%)
Hafiz Ltd. / Mar 21 Hafiz Limited(HAFL)	253.95 ▼ -27.73 (-9.84%)
Universal Ins. / Mar 21 The Universal Insurance Company Limited(UVIC)	9.80 ▼ -1 (-9.26%)
Noon Sugar / Mar 21 Noon Sugar Mills Limited(NONS)	73 ▼ -6.57 (-8.26%)
Sindh Abadgar / Mar 21 Sindh Abadgar's Sugar Mills Limited(SASML)	51.03 ▼ -4.08 (-7.4%)
Ellcot Spinning / Mar 21 Ellcot Spinning Mills Limited(ELSM)	110 ▼ -8.64 (-7.28%)
Askari Life Assur. / Mar 21 Askari Life Assurance Company Limited(ALAC)	5 ▼ -0.39 (-7.24%)
Tariq Corp.Pref. / Mar 21 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.5 (-6.67%)
Quetta Textile / Mar 21 Quetta Textile Mills Limited(QUET)	14.60 ▼ -0.99 (-6.35%)

Stock	Volume
Cnergyico PK / Mar 21 Cnergyico PK Limited(CNERGY)	163,976,906 ▼ -0.21
B.O.Punjab / Mar 21 The Bank of Punjab(BOP)	45,899,654 ▼ -0.15
Pak Refinery / Mar 21 Pakistan Refinery Limited(PRL)	45,149,230 ▼ -0.94
Fauji Foods Ltd / Mar 21 Fauji Foods Limited(FFL)	26,183,687 ▲ 0.48
Sui South Gas / Mar 21 Sui Southern Gas Company Limited(SSGC)	25,173,748 ▲ 0.42
PIA Holding Co.Ltd / Mar 21 PIA Holding Company Limited(PIAHCLA)	19,984,659 ▼ -1.09
Pak Elektron / Mar 21 Pak Elektron Limited(PAEL)	19,229,211 ▼ -0.13
Pak Int.Bulk / Mar 21 Pakistan International Bulk Terminal(PIBTL)	18,221,041 ▼ -0.25
WorldCall Telecom / Mar 21 Worldcall Telecom Limited(WTL)	17,981,776 ▼ -0.02
Hub Power Co. / Mar 21 The Hub Power Company Limited(HUBC)	14,711,439 ▼ -2.32

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