News Archives for Print - 2024-05-18

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Print - 2024-05-18

US curbs undermine confidence in dollar: Putin

MOSCOW: President Vladimir Putin said on Friday that US sanctions policy was undermining confidence in the dollar ...

Published 18 May, 2024 05:45am

The Weather

KARACHI: The weather report on Friday (May 17, 2024) and the forecast for Saturday (May 18, 2024)...

Published 18 May, 2024 05:45am

Aseefa visits Bhutto family’s graveyard

LARKANA: Bibi Aseefa Bhutto Zardari visited the Bhutto family’s graveyard in Garhi Khuda Bakhsh for the first time...

Published 18 May, 2024 05:45am

NA authorises Speaker to nominate members of standing bodies, PAC

ISLAMABAD: After months long delay, the National Assembly on Friday passed a motion authorising the NA Speaker to...

Published 18 May, 2024 05:45am

Ali Pervaiz sworn in as minister of state

ISLAMABAD: Member of the National Assembly Ali Pervaiz took the oath of the office of minister of state. The...

Published 18 May, 2024 05:45am

Violation of SC orders: FTO orders probe against CTO Islamabad officials

ISLAMABAD: The Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has ordered an investigation against the Federal ...

Published 18 May, 2024 05:45am

Elite force: Punjab CM praises skills of women commandos

LAHORE: The Elite force is a sapling planted by Nawaz Sharif and Shahbaz Sharif in which 17 thousand police ...

Published 18 May, 2024 05:45am

British HC meets Nawaz

LAHORE: British High Commissioner to Pakistan, Jane Marriott met the PML-N supremo Nawaz Sharif at Jati Umrah and ...

Published 18 May, 2024 05:45am

Store management system opened

LAHORE: Inaugurating the ‘Store Management System’, here at Mayo Hospital, the provincial Health Minister ...

Published 18 May, 2024 05:45am

Punjab PA session: 13.5m women unable to get married in country due to lack of dowry

LAHORE: In the Punjab Assembly on Friday it was revealed that due to the non availability of dowry, one crore 35 lac...

Published 18 May, 2024 05:45am

Wapda chief reviews DBD progress on 14 key sites

LAHORE: Chairman Wapda Engr Lt Gen Sajjad Ghani (r) on Friday reached Diamer Basha Dam site to witness construction...

Published 18 May, 2024 05:45am

Commission to be formed for national digitisation

ISLAMABAD: The government has decided to constitute a Commission to be chaired by Prime Minister Shehbaz Sharif for...

Published 18 May, 2024 05:45am

ATC grants post-arrest bail

LAHORE: An Anti-Terrorism Court (ATC) on Friday granted post-arrest bail to PTI-Punjab President Dr Yasmin Rashid ...

Published 18 May, 2024 05:45am

CC, IGP Islamabad discuss renovation of police stations

ISLAMABAD: Chief Commissioner Islamabad Muhammad Ali Randhawa held a meeting with the Inspector General of Islamabad...

Published 18 May, 2024 05:45am

Purchasing and selling stolen mobile phones: CM directs IGP to start crackdown against shopkeepers

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that with the political will of the government and the...

Published 18 May, 2024 05:45am

Wheat & flour: Food Dept checks quality at 561 locations in Punjab

LAHORE: Teams of the provincial food department on Friday conducted a major crackdown on the flour mills across the...

Published 18 May, 2024 05:45am

Trans-fat presence in processed food: Govt urged to develop framework

FAISALABAD: Experts at a policy dialogue have urged the government to develop a framework regarding limiting less...

Published 18 May, 2024 05:45am

‘Heart failure major risk for diabetics, early detection key to saving lives’

KARACHI: Heart failure is the second most common heart complication faced by people with type-2 diabetes, health...

Published 18 May, 2024 05:45am

Europe

French police kill Algerian trying to set fire to synagogue

ROUEN, (France): French police on Friday shot dead an Algerian man armed with a knife and an iron bar who tried to...

Published 18 May, 2024 05:45am

First aid enters Gaza via US-built pier

GAZA: Aid deliveries began arriving at a US-built pier off the Gaza Strip on Friday as Israel comes under growing...

Published 18 May, 2024 05:45am

Afghans and Tajiks mix in rare but vital border bazaar

KALAI-KHUMB, (Tajikistan): For Afghans living under Taliban rule, a Saturday market is a rare chance to cross the...

Published 18 May, 2024 05:45am

T20 World Cup 2024: 15-member squad likely to be announced on 22nd

LAHORE: The Pakistan Cricket Board (PCB) is likely to announce the 15-member Pakistan squad for T20 World Cup 2024 ...

Published 18 May, 2024 05:45am

Mian Zahid for eliminating unnecessary departments

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

Published 18 May, 2024 05:45am

Met office warns of impacts of heatwave

KARACHI: The Met Office on Friday warned the public about heatwave's impacts on the human health, asking them to ...

Published 18 May, 2024 05:45am

Bike scheme for students: LHC seeks report from Punjab govt by 27th

LAHORE: The Lahore High Court (LHC) on Friday asked the Punjab government to submit a comprehensive report about the...

Published 18 May, 2024 05:45am

LHC directs govt to fill vacancies of judges

LAHORE: The Lahore High Court on Friday directed the Punjab government to fill the vacancies of judges at special...

Published 18 May, 2024 05:45am

KP to shift all offices, educational centres on solar energy

PESHAWAR: KP Chief Minister Ali Amin Gandapur has said that all public sector offices and educational institutions...

Published 18 May, 2024 05:45am

KP govt not doing any favour to Punjab’s farmers: Bokhari

LAHORE: Provincial Information Minister Azma Bokhari in a rebuttal to the statements of KP ministers said that the ...

Published 18 May, 2024 05:45am

IK says he wants cases against him be proceeded in ‘normal way’

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

Published 18 May, 2024 05:45am

IK could be sentenced in Al-Qadir Trust: PTI body

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Core Committee expressed grave concerns over the extraordinary ...

Published 18 May, 2024 05:45am

Fighting corruption through e-procurement regime

Transparency International (TI) — a global watchdog of corruption, ranks Pakistan at 29 out of 180 countries in ...

Updated 18 May, 2024 06:19am

Letters

Social media regulatory authority: Will it work?

Personally for me and most patriotic Pakistanis, the army stands as the bulwark of a nation’s sovereignty,...

Published 18 May, 2024 05:45am

PARTLY FACETIOUS: The King is alive and will remain alive and…

“So now what?” “Now no amendment to the constitution is possible as the court has suspended the distribution of...

Updated 18 May, 2024 06:16am

Matter of motorcycles

The Punjab Transport Department will provide 20,000 motorcycles to students on easy monthly installments. An...

Updated 18 May, 2024 06:15am

The profundity of economic power

The US has warned of potential sanctions for any country considering business deals with Iran hours after India...

Updated 18 May, 2024 06:13am

Gas theft case: Owners of RO Plant, factory arrested

KARACHI: SSGC continued to make major inroads into gas theft cases through relentless targeted raids and prosecution...

Published 18 May, 2024 05:45am

Child stunting at national level: PM directs authorities to present plan with provinces’ nod

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the concerned authorities to prepare and present a...

Published 18 May, 2024 05:45am

Jati Umra residence: PTI seeks details of security expenses

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday demanded the details of the security expenses of Punjab Chief...

Published 18 May, 2024 05:45am

Energy

Sixth ISEM Pakistan Solar Exhibition & Conference inaugurated

LAHORE: Extremely heartening and vibrant participation from solar industry marked the commencement of the highly...

Published 18 May, 2024 05:45am

Taliban-led administration in Kabul: Speakers for understanding nature of relationship

ISLAMABAD: Speakers at a discussion urged Pakistan to understand the nature of the relationship of the Taliban-led...

Published 18 May, 2024 05:45am

Tarar, Japanese envoy discuss media sector cooperation

ISLAMABAD: Federal Minister for Information and Broadcasting Attaullah Tarar emphasised the importance of Japan as a...

Published 18 May, 2024 05:45am

‘Ridiculing judiciary’: SC issues show-cause notices to Vawda, Kamal

ISLAMABAD: The Supreme Court issued show-cause notices to Senator Faisal Vawda and MNA Mustafa Kamal for ridiculing...

Published 18 May, 2024 05:45am

Rates

PSX hits fresh record

KARACHI: The record-breaking trend continued as the Pakistan Stock Exchange on Friday achieved another historic...

Published 18 May, 2024 05:45am

Stocks

Wall St range-bound with weekly gains in sight on rate-cut hopes

NEW YORK: Wall Street’s main indexes were little changed on Friday as investors took a breather from the week’s...

Published 18 May, 2024 05:45am

Stocks

European shares end lower on rate cut jitters; Richemont shines

PARIS: European shares closed lower on Friday, as investors turned cautious following remarks from a policymaker on...

Published 18 May, 2024 05:45am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (May 17, 2024). ==================================== BR...

Published 18 May, 2024 05:45am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (May 17, 2024)....

Published 18 May, 2024 05:45am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (May 17, 2024). ======================== Open Bid Rs...

Published 18 May, 2024 05:45am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (May 17,...

Published 18 May, 2024 05:45am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (May 17, 2024). ========================== KIBOR...

Published 18 May, 2024 05:45am

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 18 May, 2024 05:45am

Stocks

Indian blue-chips post best week in over 3 months led by metals

BENGALURU: India’s blue-chip stock indexes logged their best week since early February on Friday, led by metal...

Published 18 May, 2024 05:45am

Stocks

China, Hong Kong stocks jump on fresh property stimulus

HONG KONG: China and Hong Kong stocks ended on a buoyant note on Friday as traders cheered Beijing’s sweeping ...

Published 18 May, 2024 05:45am

Strategic asset tutorial

EDITORIAL: Recently at an FPCC&I (Federation of Pakistan Chambers of Commerce and Industry) pre-budget seminar...

Published 18 May, 2024 05:45am

Weekly SPI inflation down 1.06pc

ISLAMABAD: The Sensitive Price Index-based inflation for the week ended May 16, 2024, decreased by 1.06 per cent due...

Published 18 May, 2024 05:45am

Dubai property market

EDITORIAL: Technically, at least, making smart investments in high-yielding asset classes – Dubai property market...

Published 18 May, 2024 05:45am

Energy

Govt urged to devise viable solar energy policy

ISLAMABAD: Speakers at a seminar, Friday, while urging the government to devise viable solar energy policy have...

Published 18 May, 2024 05:45am

Commodities

Gold inches down; silver firm

KARACHI: Gold prices on Friday fell an inch on the local market but silver stood firm, traders said. The yellow...

Published 18 May, 2024 05:45am

Tajir Dost Scheme: FBR seeks trade unions’ cooperation

ISLAMABAD: The Federal Board of Revenue (FBR) has urged the trade unions to cooperate with the government in...

Published 18 May, 2024 05:45am

Rs400bn collected so far through e-stamping system: PITB

LAHORE: Over Rs400 billion has been collected so far in Punjab, Sindh and Khyber Pakhtunkhwa collectively since the...

Published 18 May, 2024 05:45am

Taxes

Revised proposals from tax and non-tax depts approved

LAHORE: The Cabinet Committee on Resource Mobilization for the fiscal year 2024-25 has approved the revised ...

Published 18 May, 2024 05:45am

Cotton & Textile

Cotton market remains bearish

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

Published 18 May, 2024 05:45am

Jul-Apr ITeS export remittances rise 21pc YoY

ISLAMABAD: IT and IT-enabled Services (ITeS) export remittances comprising computer services and call centre ...

Published 18 May, 2024 05:45am

Energy

OGDCL joins ‘change drive’

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), the largest exploration and production (E&P)...

Published 18 May, 2024 05:45am

Fast Cables’ IPO gets oversubscribed by 57pc

KARACHI: Fast Cables’ IPO gets oversubscribed by 57 percent with historic number of 600+ bids received during book...

Published 18 May, 2024 05:45am

Industry

Criticality of Provincial Ombudsman’s role highlighted

LAHORE: Media Advisor to the Provincial Ombudsman for Tax, Abdul Basit Khan, visited the Lahore Chamber and Commerce...

Published 18 May, 2024 05:45am

Money & Banking

Dollar mostly flat as market mulls inflation outlook

NEW YORK/LONDON: The dollar traded little changed against major currencies on Friday as market speculation continues...

Published 18 May, 2024 05:45am

Money & Banking

Australia, NZ dlrs fight to hold new range, China data a drag

SYDNEY: The Australian and New Zealand dollars were looking to lock into a new higher trading range on Friday after...

Published 18 May, 2024 05:45am

Money & Banking

Indian rupee strengthens to highest in a fortnight, logs weekly rise

MUMBAI: The Indian rupee closed higher on Friday after rising to its highest in two weeks, aided by likely...

Published 18 May, 2024 05:45am

Taxes

Hike in FED, GST on tobacco in budget: Shehla urges MPs, stakeholders to join efforts

ISLAMABAD: Member National Assembly Shehla Raza Friday asked the parliamentarians and stakeholders to join efforts...

Published 18 May, 2024 05:45am

PPIB seeks to dodge swinging sell-off sword

PPIB requests Board to accord approval to categorization and classification of PPIB as an 'Essential SOE' under Clause 11 of SOE Policy

Updated 18 May, 2024 04:54pm

Talks with IMF on next phase of engagement this week

ISLAMABAD: The International Monetary Fund (IMF) Mission is meeting with the Pakistani authorities this week to...

Updated 18 May, 2024 04:58pm

Apr FDI inflow up 172pc to $358.84m YoY

KARACHI: The inflow of Foreign Direct Investment (FDI) in Pakistan has increased by 172 percent on year-on-year...

Updated 18 May, 2024 04:58pm

Q3: Nepra gives its nod to Rs52bn QTA for Discos, KE

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Friday gave its consent to approve Quarterly...

Updated 18 May, 2024 04:59pm

Not stopped from blocking SIM cards: FBR only barred from taking coercive steps against telcos: IHC

ISLAMABAD: The Islamabad High Court (IHC) clarified it had not stopped the Federal Board of Revenue (FBR) from...

Updated 18 May, 2024 04:59pm

Track-and-Trace programme: Bureaucratic hurdles put huge FDI at stake

ISLAMABAD: The bureaucratic hurdles created by the Federal Board of Revenue (FBR) have put foreign direct investment...

Updated 18 May, 2024 03:49pm

Tariff rationalisation for industries: PM orders preparation of strategy

ISLAMABAD: Prime Minister Shehbaz Sharif has directed to immediately prepare a strategy regarding tariff...

Updated 18 May, 2024 03:49pm

Mineral, mining sector: Chinese firm MCC keen to increase investment

ISLAMABAD: The Chinese company Metallurgical Corporation of China (MCC) Tongstin has expressed deep interest in...

Published 18 May, 2024 05:45am

Non-resident shareholders: AGL urges SBP to remit its dividends

ISLAMABAD: Attock Gen Limited (AGL) has urged Governor State Bank of Pakistan (SBP) to remit dividends of Rs 975...

Published 18 May, 2024 05:45am

Taxes

Blocking SIM cards of non-filers: JWG constituted to streamline process

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a Joint Working Group (JWG) of tax officials and...

Updated 18 May, 2024 08:41am

Chahbahar deal: FO says Pakistan does not make comments on other states’ relations

ISLAMABAD: The Foreign Office on Friday said that the India-Iran deal on Chahbahar Port is an agreement between the...

Updated 18 May, 2024 09:16am

UN projects Pak economy to grow by 2pc in 2024

NEW YORK: Pakistan, which faces significant economic challenges, is expected to have “modest economic growth”, with...

Updated 18 May, 2024 08:40am

‘Fintech platforms making remittances more affordable, reliable’

ISLAMABAD: Murtaza Ali, Head of JazzCash, spoke at the Dubai Fintech Summit, highlighting that fintech platforms are...

Published 18 May, 2024 05:45am

Industry

Don’t kill the goose that lays the golden egg, SITE body tells FBR, others

KARACHI: SITE Association of Industry (SAI) in its budget proposals for the year 2024-25 forwarded to the Prime...

Published 18 May, 2024 05:45am

Companies

Zong 4G celebrates World Telecommunication Day

ISLAMABAD: Zong 4G celebrated ‘World Telecommunication and Information Society Day 2024’. Every year on May...

Published 18 May, 2024 05:45am

Companies

Islamic Life Insurance provider: Salaam Family Takaful Ltd obtains licence

KARACHI: Living up to its reputation of creating revolutionary solutions and taking unprecedented initiatives, ...

Published 18 May, 2024 05:45am

Industry

Kati hails reduction in POL products’ prices

KARACHI: Korangi Association of Trade and Industry (KATI), President Johar Qandhari has stressed the need for the...

Published 18 May, 2024 05:45am

Industry

Work on industrial parks to be expedited, APTMA told

LAHORE: Punjab Minister for Industries, Commerce & Investment Shafay Hussain has assured All Pakistan Textile...

Published 18 May, 2024 05:45am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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