News Archives for Print - 2024-06-01

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Print - 2024-06-01

Erdogan says ‘spirit of UN dead in Gaza’

ANKARA: Turkish President Recep Tayyip Erdogan on Wednesday hit out at the United Nations and called on the...

Published 01 Jun, 2024 06:59am

Countries urge WHO action on Palestinian health needs

GENEVA: Countries on Friday approved a hard-fought resolution urging WHO action on towering health needs in...

Published 01 Jun, 2024 06:59am

Trump case shows US ‘eliminating’ rivals, Kremlin says

MOSCOW: Former US President Donald Trump’s unprecedented trial for falsifying business records shows the White...

Published 01 Jun, 2024 06:59am

USA

Trump calls criminal trial ‘very unfair’

NEW YORK: Donald Trump lashed out in rambling, angry comments Friday at his “sick” opponents and “fascists”...

Published 01 Jun, 2024 06:59am

‘No one above the law’: Biden

WASHINGTON: If anyone expected Joe Biden to be celebrating the fact that election rival Donald Trump is now a...

Published 01 Jun, 2024 06:59am

Polio Programme chief Dr Shahzad resigns

ISLAMABAD: Pakistan Polio Eradication Program Chief Dr Shahzad Baig has resigned from his position upon ...

Published 01 Jun, 2024 06:59am

Recovery of poet Farhad: IHC rejects AAG’s request against petition

ISLAMABAD: The Islamabad High Court (IHC), Friday, rejected the Additional Attorney General’s request to dispose ...

Published 01 Jun, 2024 06:59am

ICAP hosts conference

LAHORE: The Economic Advisory Committee of the Institute of Chartered Accountants of Pakistan (ICAP) organized...

Published 01 Jun, 2024 06:59am

Pakistan can save 175,000 lives in six years by providing ‘resilient energy’: UNICEF

ISLAMABAD: Pakistan can save 175,000 lives in the next six years by providing resilient energy to the masses as the...

Published 01 Jun, 2024 06:59am

Seven killed as van plunges into gorge in Malam Jabba

SWAT: At least 7 people were killed and six others injured when a van plunged into a deep ravine near Swat’s Malam...

Published 01 Jun, 2024 06:59am

Vegetables prices in Punjab at lowest level, claims minister

LAHORE: The Punjab Minister for Information and Culture Azma Bokhari has said that the prices of vegetables in ...

Published 01 Jun, 2024 06:59am

SSGC severs 320 illegal connections

KARACHI: SSGC continued to demonstrate zero tolerance against gas theft incidences in its franchise provinces of...

Published 01 Jun, 2024 06:59am

PTI for grand alliance of like-minded parties

ISLAMABAD: The opposition Pakistan Tehreek-e-Insaf (PTI) senior leaders on Friday called on National Party (NP)...

Published 01 Jun, 2024 06:59am

PTI asks govt who ordered ‘kidnapping’ IK from IHC premises

ISLAMABAD: The core committee of Pakistan Tehreek-e-Insaf (PTI) on Friday demanded of the government to first...

Published 01 Jun, 2024 06:59am

Upcoming visit to China: PM takes stock of preparations

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday chaired a meeting to review the preparations for his upcoming...

Published 01 Jun, 2024 06:59am

NA Speaker congratulates nation for launch of Paksat MM-1

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq congratulated the nation on the successful launch of...

Published 01 Jun, 2024 06:59am

Moot held on ‘Future of Dispute Resolution’

KARACHI: The Institute of Business Administration (IBA), Karachi in collaboration with the Singapore International...

Published 01 Jun, 2024 06:59am

Minister praises role of Zahid Saeed in educational services

KARACHI: Provincial Minister for Local Government, Housing and Town Planning Sindh, Saeed Ghani, has praised Zahid...

Published 01 Jun, 2024 06:59am

Minister emphasises modernization in agriculture

HYDERABAD: Sindh Provincial Agriculture Minister Sardar Muhammad Bakhsh Khan Mehr emphasized the need for...

Published 01 Jun, 2024 06:59am

Minister discusses agri collaboration with FAO representative

LAHORE: Punjab Agriculture and Livestock Minister Syed Ashiq Hussain Kirmani met with United Nations Food and...

Published 01 Jun, 2024 06:59am

Permission for public rallies: LHC issues notices to Punjab govt, police on PTI plea

LAHORE: The Lahore High Court on Friday issued notices to the Punjab government and the police on a petition by PTI...

Published 01 Jun, 2024 06:59am

KP bans entry of cattle sans valid health certificate

PESHAWAR: The Department of Livestock Khyber Pakhtunkhwa under Section 144 of the Criminal Procedural Code (CrPC) ...

Published 01 Jun, 2024 06:59am

Hot weather forecast

KARACHI: The Met Office on Friday forecast very hot weather for the country's southern parts with dust blowing winds...

Published 01 Jun, 2024 06:59am

Home Minister release Rs1bn for phase-1 safe city project

KARACHI: Sindh Home Minister, Ziaullah Hassan Lanjare has release of Rs1 billion for the first phase of safe city...

Published 01 Jun, 2024 06:59am

Governor for strengthening coalition govt

LAHORE: Punjab Governor Sardar Saleem Haider Khan while talking to delegation of Pakistan People's Party Lahore...

Published 01 Jun, 2024 06:59am

DG NAB Lahore orders crackdown on illegal housing societies

LAHORE: National Accountability Bureau (NAB) Lahore Director General Amjad Majeed Aulakh organised a monthly open...

Published 01 Jun, 2024 06:59am

1200 youth start smoking every day in Pakistan: Experts

ISLAMBAD: Anti-tobacco experts said Friday that over 1200 youth opt smoking per day in Pakistan; this needs special...

Published 01 Jun, 2024 06:59am

The Weather

KARACHI: The weather report on Friday (May 31, 2024) and the forecast for Saturday (June 01, 2024)...

Published 01 Jun, 2024 06:59am

Rates

PSX witnesses bullish trend

KARACHI: Pakistan Stock Exchange on Friday witnessed bullish trend and closed on strong positive note with healthy...

Published 01 Jun, 2024 06:59am

PM will undertake visit to China from 4th: FO

ISLAMABAD: Prime Minister Shehbaz Sharif will undertake a five-day official visit to China from 4-8 June 2024 to ...

Published 01 Jun, 2024 06:59am

ATC adjourns hearing till 28th: Jail authorities have not submitted report on IK’s production order so far

ISLAMABAD: The Anti-Terrorism Court (ATC) judge, on Friday, remarked jail authorities have so far not submitted ...

Published 01 Jun, 2024 06:59am

PML-N leader refutes IK’s solitary confinement claim

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) leader Abid Sher Ali on Friday rejected the PTI founding chairman...

Published 01 Jun, 2024 06:59am

Stocks

IPAK to be listed on PSX on 3rd

KARACHI: The Pakistan Stock Exchange (PSX) has notified the listing of International Packaging Films Limited (IPAK)...

Published 01 Jun, 2024 06:59am

ATC grants bail to PTI lawyers in attack on Khawar Maneka case

ISLAMABAD: The Anti-Terrorism Court (ATC), on Friday, granted bail to Pakistan Tehreek-e-Insaf (PTI) lawyers in a...

Published 01 Jun, 2024 06:59am

Stocks

S&P 500, Nasdaq drop as investors weigh Fed moves

NEW YORK: The S&P 500 and the Nasdaq gave up early gains on Friday and were set to snap their five-week winning...

Published 01 Jun, 2024 06:59am

Stocks

European shares rise after US inflation data keeps Fed rate cut hopes alive

PARIS: European shares rose on Friday after softer US inflation data spurred hopes of interest rates cuts by the...

Published 01 Jun, 2024 06:59am

Stocks

China stocks close down on weak PMI

SHANGHAI: China stocks closed down on Friday, after an official factory survey showed the country’s manufacturing...

Published 01 Jun, 2024 06:59am

Stocks

Japan’s Nikkei closes more than 1pc higher as US yields fall

TOKYO: Japan’s Nikkei share average ended more than 1% higher on Friday, rebounding from a one-month closing low ...

Published 01 Jun, 2024 06:59am

World No-Tobacco Day marked: Smoking causes over 250,000 deaths in Pakistan annually

LAHORE: With the theme-protecting the young generation from smoking, the World No-Tobacco Day was marked here on...

Published 01 Jun, 2024 06:59am

Injured Imad Wasim advised to take rest

LAHORE: Imad Wasim who sustained injuries during Wednesday’s training session has been advised to take rest. While...

Published 01 Jun, 2024 06:59am

PARTLY FACETIOUS: Black sheep in English means someone who has done something bad…

“What’s the difference between a black goat and a black bumblebee?” “For your information, there are black...

Published 01 Jun, 2024 06:59am

Explaining the dearth of investment

The investment potential arising out of China Pakistan Economic Corridor (CPEC), the UAE’s $10 billion investment...

Published 01 Jun, 2024 06:59am

Dangers of global warming

It was a horrifying nightmarish flight for the passengers on board a flight from London to Singapore as the plane ...

Published 01 Jun, 2024 06:59am

Letters

Houthis have expanded their reach

Recently, Houthis launched attacks at six ships in three different seas, including the Marshall Islands-flagged bulk...

Published 01 Jun, 2024 06:59am

Energy

172 public sector buildings to be provided 47MW solar electricity: minister

KARACHI: Sindh Energy Minister Syed Nasir Hussain Shah has said that 172 public sector buildings will initially be...

Published 01 Jun, 2024 06:59am

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 01 Jun, 2024 06:59am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (May 31,...

Published 01 Jun, 2024 06:59am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (May 31, 2024). ======================== Open Bid Rs...

Published 01 Jun, 2024 06:59am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (May 31, 2024)....

Published 01 Jun, 2024 06:59am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (May 31, 2024). ==================================== BR...

Published 01 Jun, 2024 06:59am

Budget FY2024-25: Rs681bn earmarked for power tariff-related subsidies?

Announcement to be made with the condition that no supplementary budget, regular or technical will be provided

Updated 01 Jun, 2024 04:12pm

Govt slashes PSDP by Rs204bn

ISLAMABAD: The government has slashed the Public Sector Development Programme (PSDP) for the ongoing fiscal year by...

Updated 01 Jun, 2024 07:26pm

APCC approves Rs1221bn federal PSDP

ISLAMABAD: The Annual Plan Coordination Committee (APCC) has approved Rs1,221 billion federal PSDP for the next...

Updated 01 Jun, 2024 02:03pm

NEPRA evaluating KE’s write-off claims

ISLAMABAD: Chairman National Electric Power Regulatory Authority (Nepra) Waseem Mukhtar has reportedly supported...

Updated 01 Jun, 2024 07:19pm

Blome reaffirms support to reform programme

ISLAMABAD: The United States on Friday reaffirmed its support for Pakistan’s ongoing economic reforms and expanding...

Updated 01 Jun, 2024 03:51pm

Plea challenging Tax Laws (Amendment) Act: LHC issues notices to ministry of law, FBR & AGP

ISLAMABAD: The Lahore High Court (LHC) has issued notices to the Ministry of Law and Justice, the Federal Board of...

Updated 01 Jun, 2024 02:02pm

Nepra gives approval to additional financial burden on consumers

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Friday gave approval of additional financial...

Updated 01 Jun, 2024 02:02pm

Power, water charges for AJK: Centre may form panel to discover ‘political’ solution

ISLAMABAD: The federal government is likely to constitute a high-level committee to find out a political solution...

Updated 01 Jun, 2024 02:02pm

Energy

Govt announces cut in petrol, diesel rates

ISLAMABAD: Federal government announces up to Rs 4.74 per liter reduction in petroleum product prices, effective ...

Published 01 Jun, 2024 06:59am

Immovable properties: BHC declares Section 7E of ITO as ultra vires to constitution

ISLAMABAD: Balochistan High Court (BHC) has declared Section 7E (tax on deemed income basis) of the Income Tax...

Updated 01 Jun, 2024 03:51pm

ICT LG delimitation to begin today

The preparation of the preliminary list of the UCs in Islamabad Capital Territory (ICT) will start from June 1

Updated 01 Jun, 2024 04:18pm

Pakistan, UK sign LoI on legal assistance

The accord will help tackle crimes relating to illegal migration and organized immigration

Updated 01 Jun, 2024 04:16pm

Alleged involvement in refund issue: FBR fires four senior IR officers

ISLAMABAD: The Federal Board of Revenue (FBR) has removed four senior Inland Revenue officers from their positions...

Updated 01 Jun, 2024 02:02pm

Commodities

Gold prices gain slightly

KARACHI: Gold prices on Friday inched up on the local market with silver standing unchanged, traders said. The...

Published 01 Jun, 2024 06:59am

An MNC’s warning and FDI troubles

EDITORIAL: In a highly troubling development, one of the oldest multinational companies (MNCs) operating in the...

Published 01 Jun, 2024 06:59am

‘Un-understandable’ amendment

EDITORIAL: Of all the responses to the National Accountability (Amendment) Ordinance – most of them quite...

Published 01 Jun, 2024 06:59am

Mob violence in Sargodha

EDITORIAL: Incidents of enraged mobs attacking alleged blasphemers are happening with increasing frequency. Last...

Published 01 Jun, 2024 06:59am

IMF official, IT minister discuss digitalisation process in Pakistan

ISLAMABAD: Resident Representative of the International Monetary Fund (IMF) to Pakistan Esther Perez Ruiz called on...

Published 01 Jun, 2024 06:59am

‘FTO is working to provide relief to business community’

PESHAWAR: Federal Tax Ombudsman, Dr Asif Mehmood Jah has said that FTO is a businessmen and tax payers’ friendly...

Published 01 Jun, 2024 06:59am

Energy

KE recognised as outstanding performer in HSE standards

KARACHI: K-Electric (KE) has been recognised as an outstanding performer in Health, Safety, and Environment (HSE)...

Published 01 Jun, 2024 06:59am

SECP allows eligible securities brokers to provide portfolio management services

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has allowed eligible securities brokers to...

Published 01 Jun, 2024 06:59am

Energy

Govt urged to prioritise power offtake from wind projects

KARACHI: Atif Ikram Sheikh, President FPCCI, has asked the government to prioritise immediate and complete offtake ...

Published 01 Jun, 2024 06:59am

Energy

Call for promoting small to medium-sized solar farms

LAHORE: Investing in solar is not just about energy; it's about fostering sustainable development, reducing...

Published 01 Jun, 2024 06:59am

Aramco completes acquisition of 40pc stake in ‘GO’

KARACHI: Aramco, one of the world’s leading integrated energy and chemicals companies, has made further progress ...

Published 01 Jun, 2024 06:59am

India’s economy grows 8.2pc

MUMBAI: India posted world-beating growth of 8.2 percent in the year to March on Friday, in a last-minute boost to...

Published 01 Jun, 2024 06:59am

Fraudulent use of Int’l trademark: CAT dismisses appeal filed by M/s Options

ISLAMABAD: The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by M/s Options International...

Published 01 Jun, 2024 06:59am

Ogra announces cut in LPG price

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Friday announced Rs3.86 per kg reduction in the price of...

Updated 01 Jun, 2024 08:31am

Cut in policy rate likely

KARACHI: With the decline in the inflation and improvement in external account, analysts are expecting easing in the...

Published 01 Jun, 2024 06:59am

BoI should simplify registration process for new businesses: minister

ISLAMABAD: Federal Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan while...

Published 01 Jun, 2024 06:59am

Zahid says lack of investment can hurt prospects of new IMF programme

KARACHI: Chairman of National Business Group Pakistan (CNBGP), President Pakistan Businessmen and Intellectuals...

Published 01 Jun, 2024 06:59am

Money & Banking

Dollar set for first monthly drop after US inflation readout

NEW YORK: The dollar was lower on Friday and on track for its first monthly decline in 2024 after data showed US...

Published 01 Jun, 2024 06:59am

Money & Banking

Most Asian currencies subdued

BENGALURU: Most Asian currencies moved in a narrow range on Friday but were set for monthly gains, while shares rose...

Published 01 Jun, 2024 06:59am

Industry

Punjab to set up ‘tax-free garments city’

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif said on Friday that the provincial government is establishing a...

Published 01 Jun, 2024 06:59am

Mohmand Dam: $25m loan agreement with Kuwait on 3rd

ISLAMABAD: Pakistan and Kuwait have agreed to sign a loan agreement of $25 million on 3rd June 2024 for the Mohmand...

Published 01 Jun, 2024 06:59am

‘22,000 traders registered under TDS so far’

KARACHI: Around 22,000 traders have so far registered their businesses under the Tajir Dost Scheme (TDS). This was...

Published 01 Jun, 2024 06:59am

Industry

‘China is ready to collaborate with all S. Asian countries to build a future of development and prosperity’

ISLAMABAD: China is dedicated to assisting Pakistan in enhancing its manufacturing sector and export capabilities,...

Published 01 Jun, 2024 06:59am

Taxes

Erstwhile tribal areas: Steel sector warns govt against extending tax exemption

ISLAMABAD: The steel sector has warned the federal government that any move to extend tax exemption to erstwhile...

Published 01 Jun, 2024 06:59am

Industry

Pakistan stands as a global force in chilli production

LAHORE: Pakistan stands as a global force in chilli production, boasting 150,000 acres dedicated to chilli farming...

Published 01 Jun, 2024 06:59am

Companies

Meezan Bank, Legends Arena join hands to promote sports, fitness

KARACHI: Meezan Bank has announced a strategic partnership with Legends Arena, a state-of-the-art sports facility in...

Published 01 Jun, 2024 06:59am

Industry

Govt likely to increase levy on tobacco products

ISLAMABAD: The government intends to increase the levy on tobacco products by 30 percent in the upcoming budget in a...

Published 01 Jun, 2024 06:59am

Industry

FCCI, Ethiopian body sign MoU to launch joint ventures

FAISALABAD: FCCI and Ethiopian Investment Commission (EIC) have inked a Memorandum of Understanding (MoU) to launch...

Published 01 Jun, 2024 06:59am

Money & Banking

EOGM held for sale/transfer of certain assets, liabilities of Ithmaar to GFH

KARACHI: Faysal Bank Limited (FBL) on Friday said that an extraordinary general meeting (EOGM) of shareholders of...

Published 01 Jun, 2024 06:59am

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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