News Archives for Print - 2024-05-29

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Print - 2024-05-29

Energy

Nepra reschedules CTBCM hearing for tomorrow

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has rescheduled public hearing on final test run...

Published 29 May, 2024 06:06am

Africa

South Africa gears up for ‘most unpredictable’ vote

JOHANNESBURG: South Africans braced Tuesday for a tight general election that may loosen the ruling ANC’s 30-year...

Published 29 May, 2024 06:05am

Aleem holds meetings in Tajikistan to increase bilateral trade

ISLAMABAD: Federal Minister of Investment Board, Privatisation and Communications Abdul Aleem Khan, during his visit...

Published 29 May, 2024 06:05am

NDMA warns public against fake website

ISLAMABAD, May 28: The National Disaster Management Authority (NDMA) has warned the public to be aware of a website...

Published 29 May, 2024 06:05am

Bhutto was the architect of N-technology: Sharjeel

KARACHI: Sindh Senior Minister and Provincial Minister for Information, Transport, Excise, Taxation, and Narcotics...

Published 29 May, 2024 06:05am

Al-Qadir Trust case: NAB raids Bahria Town’s office

ISLAMABAD: The National Accountability Bureau (NAB) has conducted a raid on the office of property tycoon Malik...

Published 29 May, 2024 06:05am

India’s missile deployments threaten peace: ex-CJCSC

ISLAMABAD: India’s aggressive missile developments, including deploying advanced systems like the BrahMos missile...

Published 29 May, 2024 06:05am

Taxes

SC’s order in refund matters: CTO Islamabad fails to submit comments before FTO

ISLAMABAD: The Federal Board of Revenue’s Corporate Tax Office (CTO), Islamabad has failed to timely submit...

Published 29 May, 2024 06:05am

Customs values on import of welding electrodes revised

ISLAMABAD: Directorate General of Customs Valuation Karachi has revised customs values on the import of welding...

Published 29 May, 2024 06:05am

NAO amendment case verdict: SC to take up plea of govt today

ISLAMABAD: The Supreme Court larger bench will take up Intra-Court Appeal (ICA) of the federation against SC ...

Published 29 May, 2024 06:05am

Heatwave spell likely to stay for two more days

KARACHI: The relentless heatwave spell is likely to stay across the country’s plains for two days more, the Met...

Published 29 May, 2024 06:05am

Iraq’s Sadr demands closure of US embassy after Rafah strike

BAGHDAD: Influential Iraqi cleric Moqtada Sadr renewed his calls to close the US embassy in Baghdad Tuesday after an...

Published 29 May, 2024 06:05am

Trump defense attorney attacks hush money case as ‘lies’

NEW YORK: Defense lawyers in Donald Trump’s hush money trial made their final pitch to the jury on Tuesday,...

Published 29 May, 2024 06:05am

South Asia

12 Indians killed in quarry collapse after cyclone rains

GUWAHATI, (India): Torrential rains in the wake of a powerful cyclone caused the collapse of a quarry in India’s...

Published 29 May, 2024 06:05am

Europe

120 business leaders back UK’s Labour in election

LONDON: The UK’s Labour party won the backing on Tuesday of 120 business leaders, in a timely boost as it bids to...

Published 29 May, 2024 06:05am

Donors vow $5.4bn for Syrian refugees

BRUSSELS (Belgium): International donors led by the EU on Monday pledged five billion euros ($5.4 billion) for ...

Published 29 May, 2024 06:05am

Stocks

Most Asian currencies strengthen

BENGALURU: Most emerging Asian currencies were on the front foot on Tuesday, with the Philippine peso and South...

Published 29 May, 2024 06:05am

Shehzad Ahmed Malik re-elected as ICMAP President

KARACHI: Shehzad Ahmed Malik, was re-elected as President of Institute of Cost and Management Accountants of...

Published 29 May, 2024 06:05am

PM for preparing new cooperation projects with China

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the ministries to prepare new cooperation projects between...

Updated 29 May, 2024 08:35am

India’s Reliance to buy Russian oil in roubles

NEW DELHI: India’s Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal...

Updated 29 May, 2024 08:37am

Gender finance gap: SECP unveils policy framework for ‘WEFP’

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a policy framework for Women...

Updated 29 May, 2024 09:20am

France lawmaker suspended for waving Palestinian flag

PARIS: French parliament Tuesday suspended a left-wing lawmaker for two weeks after he held up a Palestinian flag...

Updated 29 May, 2024 09:18am

Google, Amazon, Apple lobby group opposes India’s EU-like antitrust proposal

NEW DELHI: A US lobby group representing tech giants Google, Amazon and Apple has asked India to rethink its ...

Published 29 May, 2024 06:05am

FO organises show on Pakistan’s Buddhist heritage

ISLAMABAD: A two-day symposium and an exhibition, titled “From Gandhara to the World” opened here on Tuesday at...

Published 29 May, 2024 06:05am

Arts

27th annual Alhamra festival kicks off

LAHORE: The 27th annual Alhamra Theatre Festival kicked off enthusiastically at Alhamra Arts Center, promising 10...

Published 29 May, 2024 06:05am

PNSC participates in job fair of PHC

KARACHI: Pakistan National Shipping Corporation (PNSC) realising its national obligation actively participated in ...

Published 29 May, 2024 06:05am

Energy

Four solar parks being set up: Nasir Shah

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

Published 29 May, 2024 06:05am

Customs seizes smuggled Iranian Crocker

KARACHI: The Collectorate of Customs Enforcement, Karachi has seized huge quantity of smuggled Iranian Crocker worth...

Published 29 May, 2024 06:05am

Pakistan participates in Sial Food Show China

KARACHI: For the first time, Pakistan is participating in the prestigious Sial Food Show China, held from May 28-30,...

Published 29 May, 2024 06:05am

Govt’s refusal to allocate funds for universities: FAPUASA holds meeting to discuss notification

LAHORE: An emergent meeting of Executive Council of Federation of All Pakistan Universities Academic Staff...

Published 29 May, 2024 06:05am

DNA testing: LHC says consent of parties is a must

LAHORE: The Lahore High Court has held that the trial court can resort to DNA testing only with the consent of the...

Published 29 May, 2024 06:05am

PTI condemns attempts to ‘politicise’ national atomic programme

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Tuesday strongly condemned attempts to politicise the national atomic...

Published 29 May, 2024 06:05am

Coalition govt working day in, day out to overcome challenges: PM

LAHORE: Prime Minister Shehbaz Sharif said on Tuesday that Pakistan is destined to come out of prevailing situation...

Published 29 May, 2024 06:05am

The Weather

KARACHI: The weather report on Tuesday (May 28, 2024) and the forecast for Wednesday (May 29, 2024)...

Published 29 May, 2024 06:05am

Govt asked to continue extending support to varsities

FAISALABAD: The vice chancellors’ committee had requested the federal government to continue extending support to...

Published 29 May, 2024 06:05am

New customs values fixed

ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new customs values on the import of Abrasive...

Published 29 May, 2024 06:05am

PTI rejects election of Nawaz as PML-N president

ISLAMABAD: Pakistan Tehreek-e-Insaaf (PTI) on Tuesday rejected the election of Nawaz Sharif as party president,...

Published 29 May, 2024 06:05am

India granted consular access to arrested RAW agents

ISLAMABAD: Pakistan has granted consular access to India for meeting two alleged RAW agents imprisoned in Adiala ...

Published 29 May, 2024 06:05am

Nawaz elected PML-N president

LAHORE: Former three-time premier Mian Nawaz Sharif was elected unopposed as the president of the PML-N with resolve...

Updated 29 May, 2024 08:32am

CM Sindh felicitates nation on Youm-e-Takbeer

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, on Tuesday, felicitated the nation on 'Youm-e-Takbeer' and said...

Published 29 May, 2024 06:05am

LWMC launches ‘Zero Waste Cleanliness Drive’

LAHORE: The Lahore Waste Management Company (LWMC) on Tuesday launched the ‘Zero Waste Cleanliness Drive’ in...

Published 29 May, 2024 06:05am

Margalla Hills fire: Naqvi orders registration of case

ISLAMABAD: Interior Minister Mohsin Naqvi on Tuesday took notice of the fires in Margalla Hills and ordered...

Published 29 May, 2024 06:05am

Navy foils major drug smuggling bid

KARACHI: Pakistan Navy has foiled a major drug smuggling attempt in the North Arabian Sea, the Inter-Services Public...

Published 29 May, 2024 06:05am

Nawaz greeted over being elected PML-N president

ISLAMABAD: Speaker National Assembly of Pakistan Sardar Ayaz Sadiq has extended warm felicitation to Mian Muhammad...

Published 29 May, 2024 06:05am

Palestine as state: PM welcomes Spain’s recognition

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday welcomed the announcement by Spanish Prime Minister Pedro ...

Published 29 May, 2024 06:05am

Energy

Solar energy adoption: Zi Solar, Trina Solar join hands

KARACHI: Trina Solar, a global leader in solar photovoltaic (PV) and smart energy solutions, and Zi Solar, a...

Published 29 May, 2024 06:05am

SU students to participate in IBA ICC Moot Court Competition 2024

HYDERABAD: A five-member students' delegation headed by two faculty members from the Institute of Law, University of...

Published 29 May, 2024 06:05am

Auto industry

Pakistan’s automobile industry is stunted and dysfunctional. Customers must “book” a vehicle and wait upwards of...

Published 29 May, 2024 06:05am

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 29 May, 2024 06:05am

PARTLY FACETIOUS: Countrywide tree-plantation is a must

“We are resilient.” “Indeed, with record high temperatures in the country….” “Well, it’s damned if the government...

Published 29 May, 2024 06:05am

Commodities

Gold prices sharply down

KARACHI: Gold prices on Tuesday dipped on the local market but silver stood firm, traders said. The yellow metal...

Published 29 May, 2024 06:05am

Energy

Oil prices rise on OPEC+ restraint prospect

NEW YORK: Global oil prices increased on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at...

Published 29 May, 2024 06:05am

Commodities

Gold steadies on lower dollar, focus shifts to US inflation data

BENGALURU: Gold prices held steady on Tuesday, buoyed by a slight pullback in the dollar as investors look forward ...

Published 29 May, 2024 06:05am

Commodities

Chicago wheat futures at 10-month high

CANBERRA: Chicago wheat futures rose nearly 3% on Tuesday to their highest level since last July on concerns that...

Published 29 May, 2024 06:05am

Commodities

EU 2023/24 soft wheat exports reach 27.8m tons

PARIS: Soft wheat exports from the European Union since the start of the 2023/24 season in July had reached 27.8...

Published 29 May, 2024 06:05am

Commodities

China approves imports of GMO corn grown in Argentina

BUENOS AIRES: China has authorized for import two varieties of genetically-modified (GMO) corn grown in Argentina,...

Published 29 May, 2024 06:05am

Commodities

Japanese rubber futures rally

SINGAPORE: Japanese rubber futures rose for a fifth session on Tuesday to log their longest winning streak in over...

Published 29 May, 2024 06:05am

Stocks

Nasdaq crosses 17,000 mark ahead of inflation test

NEW YORK: The Nasdaq breached the 17,000 level for the first time on Tuesday, buoyed as AI darling Nvidia jumped to ...

Published 29 May, 2024 06:05am

Stocks

European shares decline as cautious Fed commentary weighs

PARIS: European shares fell in broad-based declines on Tuesday in the lead-up to crucial inflation prints around the...

Published 29 May, 2024 06:05am

Stocks

Japan’s Nikkei slips as BOJ hike timing weighed

TOKYO: Japan’s Nikkei share average edged lower on Tuesday as investors weighed the likely timing of further Bank...

Published 29 May, 2024 06:05am

SIFC—a better role

The SIFC was created with a mandate to facilitate much-needed investments from foreign public and private entities...

Published 29 May, 2024 06:05am

Letters

‘Managing the student crisis in Kyrgyzstan: a PR perspective’

This is apropos a letter to the editor entitled ‘Managing the student crisis in Kyrgyzstan: a perspective’ that...

Published 29 May, 2024 06:05am

Why Discos’ privatisation can never happen

Pakistan’s power sector has undergone various reforms in a bid to make the market more liberalized and introduce...

Published 29 May, 2024 06:05am

Energy

Wapda chairman visits Tarbela 5th Extension project

PESHAWAR: Chairman Water & Power Development Authority (Wapda) Engr Lt Gen Sajjad Ghani (retd) visited Tarbela...

Published 29 May, 2024 06:05am

Energy

No action yet against Disco officials who caused Rs589bn loss

LAHORE: No disciplinary action has yet been taken against the Disco officials, including the CEOs and the Chief...

Published 29 May, 2024 06:05am

Stocks

Abu Dhabi hits 2-year low as Gulf bourses drop

DUBAI: Most stock markets in the Gulf slipped on Tuesday amid rising geopolitical tensions in the region, while...

Published 29 May, 2024 06:05am

Stocks

Sri Lanka shares end lower

BENGALURU: Sri Lankan shares closed lower on Tuesday after the country’s central bank held interest rates steady ...

Published 29 May, 2024 06:05am

Stocks

India blue-chips end lower

BENGALURU: Indian blue-chip stocks dropped for a third straight day on Tuesday, while mid-cap stocks snapped an...

Published 29 May, 2024 06:05am

Stocks

China stocks close down as investors await inflation data

SHANGHAI: Chinese stocks closed down on Tuesday as traders awaited key inflation data from major economies this week...

Published 29 May, 2024 06:05am

Discos’ privatisation: Shehbaz for speeding up process

Directs to minimise load shedding in different areas of the country for the benefit of the consumers

Updated 29 May, 2024 03:02pm

Taxes

FTO issues instructions to FBR: Field formations should not demand individual CPRs from taxpayers

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) that the field formations...

Published 29 May, 2024 06:05am

Taxes

FBR imposes penalty of ‘Compulsory Retirement’ upon IRO

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a major penalty of “Compulsory Retirement” upon an...

Published 29 May, 2024 06:05am

Commodities

Russian wheat export prices rise as crop forecasts cut

MOSCOW: Russian wheat export prices continue to rise as forecasters cut their harvest estimates due to poor weather...

Published 29 May, 2024 06:05am

Commodities

Copper climbs, but high China stocks suggest ample supplies

LONDON: Copper prices climbed on Tuesday as the prospect of interest rate cuts, a weaker dollar and some strong data...

Published 29 May, 2024 06:05am

Commodities

Malaysian palm oil futures higher

KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday to close over 2% higher after two straight sessions of...

Published 29 May, 2024 06:05am

Commodities

Iron ore falls to one-week low

BEIJING: Iron ore futures prices flipped to its lowest level in a week on Tuesday after making gains earlier the...

Published 29 May, 2024 06:05am

Commodities

Crop Watch: Great start in east, but excess water hampers west

NAPERVILLE, (Illinois): Wet weather last week in the western Corn Belt slowed field work and disrupted corn ...

Published 29 May, 2024 06:05am

‘Upcoming budget should be people-friendly’

KARACHI: There is a need to make the budget 2024-25 people-friendly, said economic expert and Pasban Democratic ...

Published 29 May, 2024 06:05am

Public holiday

EDITORIAL: It’s difficult to understand how the last-minute announcement of a public holiday made the nation...

Published 29 May, 2024 06:05am

A bleak investment outlook

EDITORIAL: In a much-needed fillip for Pakistan’s floundering investment landscape, Prime Minister Shehbaz Sharif’s...

Published 29 May, 2024 06:05am

Punjab govt reduces prices of bakery items

LAHORE: After a reduction in the prices of roti following a drop in flour prices, the Punjab government on Tuesday...

Published 29 May, 2024 06:05am

FBR plans to collect Rs1.296trn thru duties

ISLAMABAD: The Federal Board of Revenue (FBR) has estimated to collect nearly Rs1,296 billion from customs duties in...

Updated 29 May, 2024 09:19am

FBR’s e-portal has no direct linkage with govt’s withholding agent

ISLAMABAD: The Federal Board of Revenue’s automated database (FBR’s e-portal) has no direct electronic linkage with...

Updated 29 May, 2024 09:20am

Anti-theft drive flops: GEPCO, energy dept at loggerheads

ISLAMABAD : Gujranwala Electric Power Company (GEPCO) and chief of Punjab electricity theft convener - Secretary...

Updated 29 May, 2024 08:34am

MoC to resist PSMA’s ‘unsound’ export plan

ISLAMABAD: The Commerce Ministry has reportedly decided to resist Pakistan Sugar Mills Association’s ‘unsound’ sugar...

Updated 29 May, 2024 09:21am

Industry

CMOs partially meet KPIs

ISLAMABAD: Cellular mobile operators (CMOs) partially met key performance indicators (KPIs) set in their licences ...

Published 29 May, 2024 06:05am

Industry

CBD Punjab partners with Odoo ME

LAHORE: The Punjab Central Business District Development Authority (PCBDDA) joined hands with Odoo Middle East DMCC,...

Published 29 May, 2024 06:05am

Taxes

Experts suggest 40pc raise in tobacco taxes

ISLAMABAD: Health experts have strongly proposed the Federal Board of Revenue (FBR) to raise taxes on all kinds of...

Published 29 May, 2024 06:05am

Industry

Jam tells APTMA: Steps being devised to promote export-oriented industries

LAHORE: Federal Commerce Minister Jam Kamal Khan has assured All Pakistan Textile Mills Association and (APTMA) of...

Published 29 May, 2024 06:05am

All political parties should forge unity for economic development: governor

LAHORE: Terming political stability vital to the country’s economic development, Governor Punjab Sardar Saleem...

Published 29 May, 2024 06:05am

Industry

PRGMEA says opposed to holiday on the occasion of Youm-e-Takbeer anniversary

LAHORE: The garment industry has opposed the government decision of declaring public holiday to mark Youm-e-Takbeer,...

Published 29 May, 2024 06:05am

Companies

C Square partners with fintech leader ABHI

KARACHI: C Square a leading provider of cloud-based customer experience solutions, announced a strategic partnership...

Published 29 May, 2024 06:05am

Money & Banking

China’s yuan edges lower

SHANGHAI: China’s yuan slipped slightly on Tuesday as traders were wary ahead of key inflation data from major...

Published 29 May, 2024 06:05am

Money & Banking

Dollar slips ahead of inflation data

NEW YORK: The dollar eased against most currencies on Tuesday ahead of key US and euro zone inflation data later ...

Published 29 May, 2024 06:05am

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 28	254.63
Diesel/Litre / Apr 28	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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