News Archives for Print - 2024-05-25

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Print - 2024-05-25

‘20 model cattle markets being established in various cities’

LAHORE: Punjab Local Government Minister Zeeshan Rafique has said that 20 model cattle markets were being ...

Published 25 May, 2024 06:33am

The Weather

KARACHI: The weather report on Friday (May 24, 2024) and the forecast for Saturday (May 25, 2024)...

Published 25 May, 2024 06:33am

Why should they suffer from malnourishment and poverty?

Twenty months after the great deluge 2022 occurred, 45-year-old Kashi and her 9 boys and 4 girls sit under a...

Updated 25 May, 2024 07:03am

Case of missing Kashmiri poet: IHC summons intelligence agencies’ officials

ISLAMABAD: The Islamabad High Court (IHC), Friday, summoned Sector Commanders of ISI and MI and DG Intelligence...

Published 25 May, 2024 06:33am

5,700 ongoing uplift schemes will be prioritized in budget: Nasir

KARACHI: Provincial Minister of Energy and Development and Planning Syed Nasir Hussain Shah has said that the ...

Published 25 May, 2024 06:33am

CCP begins probe into deceptive housing schemes in Punjab

ISLAMABAD: The Competition Commission of Pakistan (CCP) has initiated an investigation into housing schemes in ...

Published 25 May, 2024 06:33am

172 students from Kyrgyzstan land in Quetta

QUETTA: A special flight carrying Pakistani students from Bishkek, the capital of Kyrgyzstan, landed at the Quetta...

Published 25 May, 2024 06:33am

Letters

The Punjab Defamation Act 2024

The Punjab government has recently enacted the Punjab Defamation Act 2024, which boasts a broader scope compared to...

Published 25 May, 2024 06:33am

An essential facility

A Sindh High Court (SHC) bench comprising Justice Salahuddin Panhwar and Justice Mohammad Abdur Rahman has directed...

Updated 25 May, 2024 07:01am

‘A normal country does not need IMF programme but...’

Professor Adnan Khan, Chief Economist at the Foreign, Commonwealth and Development Office (FCDO) of the UK in a...

Updated 25 May, 2024 07:01am

Civic agency’s action against PTI office building: Opposition in Senate lodges protest

ISLAMABAD: Opposition in the Senate, Friday, lodged a strong protest over the “stealthy” demolishing of part of...

Published 25 May, 2024 06:33am

PARTLY FACETIOUS: We have achieved stability?

“So a grand state owned entity (SOE) sale is on the cards.” “Indeed and this means incoming dollars,...

Published 25 May, 2024 06:33am

PTI leaders step up criticism of establishment and govt, say won’t be cowed down

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) said on Friday that the party would not bow down under any circumstance...

Published 25 May, 2024 06:33am

‘Hateful narrative’ against state institutions: Punjab cabinet approves legal action against IK & others

LAHORE: The Punjab Cabinet has granted an approval to undertake legal action against Imran Khan Niazi and others for...

Published 25 May, 2024 06:33am

Ex-governor Ibad likely to return soon

KARACHI: Former Sindh Governor Dr Ishratul Ibad Khan hinted at returning to Pakistan and taking part in active...

Published 25 May, 2024 06:33am

Four killed in Deherki road accident

HYDERABAD: Four people died and a number of others injured in a head-on collision between a passenger coach and a...

Published 25 May, 2024 06:33am

Four injured as sudden storm hits Islamabad

ISLAMABAD: Four people were reported injured as strong winds led to the fall of trees in various areas when a sudden...

Published 25 May, 2024 06:33am

Misuse of diplomatic passport: FIA’s plea seeking extension in ex-PM AJK physical remand rejected

ISLAMABAD: A local court on Friday rejected the Federal Investigation Agency (FIA)’s plea seeking an extension in...

Published 25 May, 2024 06:33am

CM inaugurates LRR SL-III, Multan road interchange

LAHORE: Inaugurating the Lahore Ring Road Southern Loop-3, and Pakistan's largest Multan Road Interchange, Punjab...

Published 25 May, 2024 06:33am

Body conducts comprehensive review of medical education system

ISLAMABAD: The committee tasked by the prime minister to come up with proposals on quality medical education and...

Published 25 May, 2024 06:33am

ATC sends PTI’s Amir Mughal to jail

ISLAMABAD: The Anti-Terrorism Court (ATC) on Friday sent Pakistan Tehreek-e-Insaf (PTI) leader Amir Mughal to jail ...

Published 25 May, 2024 06:33am

Sindh Assembly mourns death of journalist

KARACHI: The Sindh Assembly on Friday mourned the death a journalist, who succumbed to gunshot injuries, as the...

Published 25 May, 2024 06:33am

PTI central secretariat: Four notices served before razing ‘illegal’ structure: PML-N

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) senior leader Tariq Fazal Chaudhry on Friday refuted the Pakistan...

Published 25 May, 2024 06:33am

British Asian Trust, PSDF sign accord for first employment impact bond

LAHORE: The British Asian Trust, founded by His Majesty King Charles III together with leading British Asian ...

Published 25 May, 2024 06:33am

PRA to bring unregistered architect firms into tax net

LAHORE: PRA has launched an initiative to bring unregistered architect firms in Lahore into the tax net. Following...

Published 25 May, 2024 06:33am

Polish envoy for expanding trade, economic ties

LAHORE: The Ambassador of Poland, Maciej Pisarski, has emphasized the need to further expand trade and economic...

Published 25 May, 2024 06:33am

Commodities

Gold prices fall

KARACHI: Gold prices on Friday continued to tumble on the local market as the world bullion value receded below ...

Published 25 May, 2024 06:33am

The solar net metering debate

EDITORIAL: Recent weeks have seen much confusion prevail with respect to the government’s existing solar net...

Published 25 May, 2024 06:33am

Violence against students in Kyrgyzstan

EDITORIAL: Aggressive public demonstrations in the Kyrgyzstan’s capital Bishkek and other cities are quite normal...

Published 25 May, 2024 06:33am

Legislation via ordinances

EDITORIAL: The primary function of Parliament is to legislate, but governments in this country tend to rely heavily...

Published 25 May, 2024 06:33am

RIDBL and 1LINK join forces to revolutionize digital financial services

KARACHI: Raqami Islamic Digital Bank Ltd (RIDBL), one of five aspirants to the digital retail bank license under the...

Published 25 May, 2024 06:33am

Energy

OGDCL collaborates with IPRI for endowment of economic security chair

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) on Friday entered into a collaboration with Islamabad...

Published 25 May, 2024 06:33am

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 25 May, 2024 06:33am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (May 24,...

Published 25 May, 2024 06:33am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (May 24, 2024). ======================== Open Bid Rs...

Published 25 May, 2024 06:33am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (May 24, 2024)....

Published 25 May, 2024 06:33am

Taxes

Tax officer rejects refund claims against commission paid outside Fata

LAHORE: A taxation officer has rejected refund claims against the commission paid to taxpayers for the sale of...

Published 25 May, 2024 06:33am

Sacrificial animals’ purchase: SBP set to provide QR code payment mechanism

KARACHI: In a major development on digital banking front, the State Bank of Pakistan (SBP) is all set to facilitate...

Published 25 May, 2024 06:33am

Stocks

PSX introduces ‘text-to-speech’ feature on its website

KARACHI: Pakistan Stock Exchange (PSX) has announced the launch of its new ‘Text-to-Speech’ feature on its...

Published 25 May, 2024 06:33am

Industry

Trade, investment: Aleem-led team to visit Kuwait

ISLAMABAD: A high-level delegation headed by Federal Minister for Board of Investment, Privatization and...

Published 25 May, 2024 06:33am

Energy

UAE markets track oil prices lower

DUBAI: Stocks in the United Arab Emirates declined on Friday, pressured by losses in crude prices as strong US and...

Published 25 May, 2024 06:33am

Stocks

China stocks close down on US rate concerns

SHANGHAI: China stocks closed down on Friday, tracking global markets lower as strong US economic data overnight...

Published 25 May, 2024 06:33am

Stocks

European stocks end lower as rate worries resurface

PARIS: European stocks ended lower on Friday and down for the week, as signs of persistent US price pressures and a...

Published 25 May, 2024 06:33am

Stocks

Wall Street bounces back ahead of long weekend

NEW YORK: US stock indexes climbed on Friday, regaining some lost ground following a weak session on Wall Street...

Published 25 May, 2024 06:33am

Money & Banking

Asian currencies retreat as US rate cut bets dwindle

BENGALURU: Most emerging Asian currencies and equities retreated on Friday as investors reassessed the timing of US...

Published 25 May, 2024 06:33am

Money & Banking

Yuan weakens on strong dollar

SHANGHAI: China’s yuan weakened to a near one-month-low on Friday, pressured by dollar strength following strong ...

Published 25 May, 2024 06:33am

Cotton & Textile

Cotton market: Polyester Fibre available at Rs 367 per kg

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

Published 25 May, 2024 06:33am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (May 24, 2024). ==================================== BR...

Published 25 May, 2024 06:33am

Money & Banking

Dollar slips on profit taking

NEW YORK: The dollar slipped broadly on Friday as traders booked profits after recent gains but the US currency...

Published 25 May, 2024 06:33am

‘BISP providing aid without political affiliations’

ISLAMABAD: Benazir Income Support Programme (BISP) is providing financial assistance to all poor and deserving ...

Published 25 May, 2024 06:26am

Heatwave spell to stay entire week

KARACHI: Mohenjo Daro is standing out alone to feel the brunt of heatwave as temperature grew there to the season's...

Published 25 May, 2024 06:25am

‘Economy and SIFC crucial for country's development’

ISLAMABAD: Federal Minister for Information, Broadcasting, National Heritage and Culture, Attaullah Tarar, on ...

Published 25 May, 2024 06:25am

Minister blames PTI for spreading hatred against institutions

LAHORE: Punjab Information Minister Azma Bukhari has blamed the Pakistan Tehreek-e-Insaf (PTI) for spreading hatred...

Published 25 May, 2024 06:21am

Mayor along with Spain's ambassador visits Frere Hall

KARACHI: Karachi Mayor Barrister Murtaza Wahab along with the Spain's Ambassador Jose Antonio de Ory visited the...

Published 25 May, 2024 06:21am

LHC rejects plea to suspend Pemra notification

LAHORE: The Lahore High Court (LHC) on Friday rejected a plea to suspend the notification of Pakistan Electronic...

Published 25 May, 2024 06:21am

Energy

KE says its supply tariff plea will not impact consumer bills

KARACHI: K-Electric (KE) has reiterated that the company’s supply tariff petition to Nepra will not impact ...

Published 25 May, 2024 06:21am

NTDC team wins 49th annual inter unit cycling competition

LAHORE: The National Transmission and Despatch Company Limited (NTDC) team has won the 49th annual Inter Unit ...

Published 25 May, 2024 06:15am

Minister opens Center of Excellence for olive research

LAHORE: The Punjab government on Friday inaugurated the Center of Excellence for Olive Research and Training ...

Published 25 May, 2024 06:15am

New law approved to control underground water extraction

KARACHI: The Sindh Government has officially approved a new draft law under the Karachi Water Sewerage Corporation...

Published 25 May, 2024 06:15am

Energy

Ogra increases RLNG prices

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Friday notified an increase in the price of RLNG on...

Published 25 May, 2024 06:15am

Trade and investment: Pakistan, Lithuania agree to enhance high-level exchanges

ISLAMABAD: Pakistan and Lithuania have agreed to enhance high-level exchanges and cooperation, especially in the...

Published 25 May, 2024 06:15am

Energy

Mining portfolio expansion: PPL entering into JV with Degan

KARACHI: Pakistan Petroleum Limited (PPL) is expanding its mining portfolio by entering into a joint venture...

Published 25 May, 2024 06:00am

PM UAE’s visit to augment economic ties

LAHORE: Pakistan offers vast opportunities for foreign direct investment and joint ventures in infrastructure...

Published 25 May, 2024 06:00am

Gas supply to Steel Town: Residents asked to make alternate arrangements

KARACHI: The management of Pakistan Steel Mills (PSM) has asked the residents of Steel Town to make alternate...

Published 25 May, 2024 05:55am

Punjab PA Speaker meets Chinese CG

LAHORE: Speaker Malik Muhammad Ahmad Khan met with China's Consul General Zhao Shiren at the Assembly Chamber. The...

Published 25 May, 2024 05:55am

Industry

Punjab Job Centre enrolls 500,000 job seekers

LAHORE: Punjab Job Center, a collaborative initiative of the Punjab Information Technology Board (PITB) and the...

Published 25 May, 2024 05:55am

Taxes

PRA to bring unregistered architect firms into tax net

LAHORE: The Punjab Revenue Authority (PRA) has launched an initiative to bring unregistered architect firms in ...

Published 25 May, 2024 05:55am

PRA all set to start collection of Workers Welfare Fund

FAISALABAD: Punjab Revenue Authority (PRA) is set to start collection of Workers Welfare Fund (WWF) as mandated ...

Published 25 May, 2024 05:55am

Scrap dealers attack police station in Karachi

KARACHI: Scrap dealers attacked a police station in Karachi to get their men released from the lock up, police said...

Published 25 May, 2024 05:46am

Special event organised to celebrate ‘Africa Day 2024’

ISLAMABAD: The Centre for Afghanistan, Middle East and Africa (CAMEA) at the Institute of Strategic Studies (ISSI)...

Published 25 May, 2024 05:46am

Energy

SSGC removes 163 illegal gas connections

KARACHI: SSGC continued to tighten its grip on the gas thieves involved in the direct pilferage by removing illegal...

Published 25 May, 2024 05:46am

Pakistan retains pacer Haris Rauf in T20 World Cup squad

KARACHI: Pakistan retained fast bowler Haris Rauf when announcing on Friday their 15-man squad for the Twenty20 ...

Published 25 May, 2024 05:32am

Special courts: Vacancies of judges filled, LHC told

LAHORE: Advocate General Punjab (AGP) on Friday told the Lahore High Court that the vacancies of the judges in...

Published 25 May, 2024 05:32am

Joint body formed to help resolve power issues in Karachi

KARACHI: K-Electric and the Sindh government Friday agreed to collaborate to address power supply and load shedding...

Updated 25 May, 2024 04:14pm

Live court coverage: IHC asks TV channels to adhere to Pemra notification

ISLAMABAD: The Islamabad High Court (IHC) directed the TV channels to adhere to and follow the notification of the...

Updated 25 May, 2024 09:10am

Russia says IS behind deadly Moscow concert hall attack

MOSCOW: Russia on Friday said for the first time that the Islamic State group coordinated the March concert hall...

Published 25 May, 2024 05:32am

Fuel prices likely to decline again

ISLAMABAD: Fuel prices are expected to go down again. The federal government is likely to announce a decrease in...

Updated 25 May, 2024 04:20pm

Poverty levels have risen: study

ISLAMABAD: The poverty rate in Pakistan over the past five years has increased from 38.6 percent to 39.5 percent,...

Updated 25 May, 2024 08:42am

CPEC Phase-II: Govt making full preparations, says PM

ISLAMABAD: Prime Minister Shehbaz Sharif said that the government is making full preparations regarding the...

Updated 25 May, 2024 04:12pm

Agreement reached at UN on biopiracy treaty

GENEVA: More than 190 nations agreed Friday on a new treaty to combat so-called biopiracy and regulate patents...

Published 25 May, 2024 05:32am

Taxes

KP CM against tax on ‘naswar’

PESHAWAR: Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur Friday opposed taxing Naswar in the upcoming budget of...

Published 25 May, 2024 05:32am

K-Electric seeks Rs10.69/unit hike in base tariff for 7 years

ISLAMABAD: K-Electric has sought 76 percent (Rs 10.69 per unit) increase in its base tariff to Rs 44.69 per unit...

Updated 25 May, 2024 04:20pm

Vital power distribution installations in KP: Centre decides to tighten security after CM’s ‘threat’

ISLAMABAD: The federal government has decided to take necessary measures to ensure security of vital electricity...

Updated 25 May, 2024 04:16pm

Europe

EU told to tackle food cost differences across the bloc

BRUSSELS, (Belgium): Eight EU states urged Brussels Friday to clamp down on multinational giants unfairly limiting...

Published 25 May, 2024 05:32am

Rates

PSX posts new record high

KARACHI: Pakistan Stock Exchange on Friday made new history and hit highest ever levels on investors strong interest...

Published 25 May, 2024 05:32am

Directorate of PCA (South) Karachi: FTO for withdrawal of illegal audit notices to importers

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Directorate of Post-Clearance Audit Karachi to withdraw...

Updated 25 May, 2024 08:42am

Pakistan greets $10bn UAE investment pledge

ISLAMABAD: Pakistan on Friday welcomed the United Arab Emirates (UAE)’s latest pledge of $10 billion investment in...

Published 25 May, 2024 05:32am

KP govt unveils Rs1.754trn budget

PESHAWAR: The provincial government of Khyber Pakhtunkhwa presented a budget of Rs1,754 billion for financial year...

Published 25 May, 2024 05:32am

Weekly SPI inflation down 0.34pc

ISLAMABAD: The Sensitive Price Index-based inflation for the week ended May 23, 2024, decreased by 0.34 per cent due...

Published 25 May, 2024 05:32am

‘Carbon Tax’ on POL products: PM rejects major FBR budgetary proposals

ISLAMABAD: Prime Minister Shehbaz Sharif has rejected two major budgetary proposals of the Federal Board of Revenue...

Updated 25 May, 2024 08:27pm

Country borrows $7.142bn during Jul-Apr

ISLAMABAD: The country borrowed $7.142 billion from multiple financing sources during the first 10 months...

Updated 25 May, 2024 08:29pm

Cost of CPEC’s ML1 project cut to $6.8bn

ISLAMABAD: Federal Minister for Planning Development and Special Initiatives, Ahsan Iqbal said on Friday that...

Published 25 May, 2024 05:32am

Share under NFC Award: Govt may explore option of sharing debt servicing, power circular debt with provinces

Government left with only 42.5 percent from divisible pool with interest payments and circular energy debt no longer sustainable

Updated 25 May, 2024 08:29pm

IMF’s EFF: Notable progress made towards reaching SLA

ISLAMABAD: The International Monetary Fund (IMF) and the Pakistani authorities made significant progress towards...

Published 25 May, 2024 05:32am

Industry

Projects in underserved and unserved areas: USF body approves release of Rs4.7bn Q4 budget

ISLAMABAD: The Universal Service Fund (USF) Policy Committee approved the release of the 4th quarter budget ...

Published 25 May, 2024 05:32am

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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