News Archives for Print - 2024-06-02

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Print - 2024-06-02

South Asia

Modi’s alliance to win India election, exit polls project

NEW DELHI: Indian Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP)-led alliance is projected to win a...

Published 02 Jun, 2024 02:53am

The Weather

KARACHI: The weather report on Saturday (June 01, 2024) and the forecast for Sunday (June 02, 2024)....

Published 02 Jun, 2024 02:53am

Commodities

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 20.981...

Published 02 Jun, 2024 02:53am

Energy

Oil settles down ahead of OPEC+ meeting

NEW YORK: Oil prices fell on Friday and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that...

Published 02 Jun, 2024 02:53am

Commodities

Japanese rubber futures snap seven-day rally

SINGAPORE: Japanese rubber futures snapped a seven-session rally on Friday amid profit-taking and as weak China...

Published 02 Jun, 2024 02:53am

Energy

US natural gas prices up on higher demand, rising LNG feedgas

NEW YORK: US natural gas futures edged up about 1% on Friday on forecasts for more demand next week than previously...

Published 02 Jun, 2024 02:53am

ATC says ‘jail trial doesn’t mean that there will be no justice’

LAHORE: An Anti-Terrorism Court (ATC) on Saturday said that a jail trial does not mean there will be no justice and...

Published 02 Jun, 2024 02:53am

Health activists propose higher taxes on tobacco products

ISLAMABAD: The Federal Board of Revenue (FBR) has received a budget proposal from health advocates to increase taxes...

Published 02 Jun, 2024 02:53am

WASA accelerates preparations for monsoon

LAHORE: The Water and Sanitation Authority (WASA) Lahore has accelerated its preparations for the monsoon season....

Published 02 Jun, 2024 02:53am

Islamabad: rise in crime alarming

ISLAMABAD: Gangs of armed robbers and carjackers ruled the roost in the heavily-guarded capital city as auto thieves...

Published 02 Jun, 2024 02:53am

PTI founder blamed for ‘hatching conspiracy’ against Pakistan

LAHORE: Provincial Minister for Information & Culture Azma Bokhari has said that the founder of PTI is behind ...

Published 02 Jun, 2024 02:53am

Official voices concern over massive rise in forest fire incidents

LAHORE: The Secretary Emergency Services Department Dr. Rizwan Naseer has expressed serious concern over the...

Published 02 Jun, 2024 02:53am

JI chief demands govt revisit agreements with IPPs, introduce land reforms

LAHORE: Jamaat-e-Islami Chief Hafiz Naeem-ur-Rehman has identified several key factors contributing to the collapse...

Published 02 Jun, 2024 02:53am

Commodities

Copper rebounds after US inflation data pushes dollar down

LONDON: Copper prices bounced on Friday after data showed US inflation was steady, giving more confidence that the...

Published 02 Jun, 2024 02:53am

Commodities

Gold posts fourth monthly rise on Fed rate cut hopes

BENGALURU: Gold prices eased on Friday as investors digested US inflation report that was largely in line with...

Published 02 Jun, 2024 02:53am

Commodities

EU wheat ends May quietly after weather-fuelled rally

PARIS: Euronext wheat ticked up on Friday, consolidating after a volatile month during which prices surged on the...

Published 02 Jun, 2024 02:53am

Letters

Kremlin’s response to Trump guilty verdict

Donald Trump has become the first former US head of state ever convicted of a crime after a New York jury found him...

Published 02 Jun, 2024 02:53am

‘Things are turning around’: Dar

ISLAMABAD: Foreign Minister Ishaq Dar Saturday said that Pakistan is no more in isolation among the comity of ...

Published 02 Jun, 2024 02:53am

Transporters urge KP govt to unload wheat-laden trucks

PESHAWAR: Goods transporters have asked the Khyber Pakhtunkhwa government to show pity on truck drivers to unload...

Published 02 Jun, 2024 02:53am

Recommendations finalised for jailers in Punjab

LAHORE: In order to implement the jail reforms, the Punjab Home Department has prepared recommendations for posting...

Published 02 Jun, 2024 02:53am

Energy

All feeders in FESCO region included in ‘A’ category: CEO

FAISALABAD: Ministry of Energy has included all 1306 feeders in eight districts of Faisalabad Electric Supply ...

Published 02 Jun, 2024 02:53am

Speaker felicitates CPNE office-bearers

ISLAMABAD: Speaker National Assembly Sardar Ayaz Sadiq has extended warm felicitation to the newly elected members ...

Published 02 Jun, 2024 02:53am

Trans fats hamper public health

Industrially Produced Trans Fatty Acids (iTFAs), which are found in every local diet, are a public health concern...

Published 02 Jun, 2024 02:53am

Pakistan reports fourth polio case of 2024

The health department official says the virus was detected in stool samples collected from a child, adding that he had developed symptoms of paralysis on May 21

Updated 02 Jun, 2024 09:35am

Inspection system to evaluate police performance on the cards: Maryam

will not tolerate any no-go area anywhere in Punjab, chief minister says

Updated 02 Jun, 2024 09:33am

Cut in petrol price: LHC approached against Finance Ministry for denying PM recommendation

The petitioner Azhar Siddique contended that prices of petroleum products had fallen significantly at the international level

Updated 02 Jun, 2024 09:31am

Munem made JI Karachi amir

He was currently serving as the acting chief for the JI Karachi and previously worked as a general secretary

Updated 02 Jun, 2024 09:30am

LHC says access to public record can’t be denied

The Court observes Board of Revenue (BoR) Punjab has no lawful authority to permanently seal, change, or alter the nature and character of public records

Updated 02 Jun, 2024 09:28am

Five killed in road accidents

The dead bodied were shifted to Tehsil Headquarters (THQ) hospital, Ahmedpur Sharqia

Updated 02 Jun, 2024 09:27am

Commodities

Chicago wheat, corn futures end week lower

CHICAGO: Chicago wheat and corn futures fell on Friday as news of beneficial rain in Russia and profit-taking dented...

Published 02 Jun, 2024 02:53am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday, (June 01, 2024)...

Published 02 Jun, 2024 02:53am

Cotton & Textile

Official spot rate firm on cotton market

LAHORE: The local cotton market remained bearish on Saturday, with trading volume staying low. According to Cotton...

Published 02 Jun, 2024 02:53am

Commodities

Indonesia to issue copper export permits for Freeport, Amman

JAKARTA: Indonesia will issue copper concentrate export permits for miner Freeport Indonesia and Amman Mineral...

Published 02 Jun, 2024 02:53am

Energy

US crude output rises in March

HOUSTON: US crude oil production rose in March to its highest this year, while product supplied fell, data from the...

Published 02 Jun, 2024 02:53am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Saturday (June 01, 2024). ======================================= Offset...

Published 02 Jun, 2024 02:53am

More heat waves on the way

EDITORIAL: With temperatures rising 5 to 6 degrees Celsius above normal, a severe heat wave sweeping all across the...

Published 02 Jun, 2024 02:53am

Commodities

Dalian iron ore declines on softening near-term demand

SINGAPORE: Dalian iron ore futures extended declines on Friday as softening near-term demand and bleak factory data...

Published 02 Jun, 2024 02:53am

‘Miracle of peace’

EDITORIAL: Who could have known that Hamas’s October 7 operation inside Israel and the Jewish state’s savage and...

Published 02 Jun, 2024 02:53am

Poverty on the rise

EDITORIAL: Ideally, the government should have already known what the recent PIDE (Pakistan Institute of Development...

Published 02 Jun, 2024 02:53am

Industry

Delays in restoration of power supply to industries irk KCCI

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh and President Site...

Published 02 Jun, 2024 02:53am

‘Korea Premium Pop-up Store’ opened

KARACHI: The Korea Trade-Investment Promotion Agency (KOTRA) Karachi held an event to celebrate the grand opening of...

Published 02 Jun, 2024 02:53am

Governor meets Saudi ambassador, seeks investment

LAHORE: Ambassador of the Kingdom of Saudi Arabia, Nawaf bin Saeed Al Maliki called on Punjab Governor, Sardar ...

Published 02 Jun, 2024 02:53am

Entertainment industry to get concessions: minister

LAHORE: Punjab Finance Minister Mujtaba Shuja-ur-Rehman has said that concessions would be given to the ...

Published 02 Jun, 2024 02:53am

Industry

Traders demand govt take steps aimed at improving law and order situation

PESHAWAR: Traders demanded of the government to take pragmatic steps for improving law and order situation. They...

Published 02 Jun, 2024 02:53am

Commodities

Gold prices dip

KARACHI: Gold prices on Saturday saw a sizeable fall on the local market with silver losing some ground, traders...

Published 02 Jun, 2024 02:53am

Prices of kitchen items show rising trend

ISLAMABAD: The prices of essential kitchen items have witnessed an increasing trend during this week past against ...

Published 02 Jun, 2024 02:53am

Commodities

Malaysian palm oil rises on export outlook

KUALA LUMPUR: Malaysian palm oil futures rose on Friday and logged a weekly gain, buoyed by estimates of higher...

Published 02 Jun, 2024 02:53am

GEPCO tender: local suppliers ‘knock out’ int’l bidder

LAHORE: Local suppliers, in connivance with unscrupulous elements of Gujranwala Electric Power Company (GEPCO), have...

Updated 02 Jun, 2024 09:25am

Off-dock terminal NLC Sultanabad: FBR declares it as customs port

ISLAMABAD: The Federal Board of Revenue (FBR) has declared Off-Dock Terminal, M/s National Logistics Corporation...

Updated 02 Jun, 2024 09:25am

FIA summons PTI bigwigs to probe controversial social media post

ISLAMABAD: The Federal Investigation Authority (FIA) summoned Pakistan Tehreek-e-Insaf’s (PTI) bigwigs in a probe...

Updated 02 Jun, 2024 09:26am

Live-streaming NAB amendment: SC explains why KP’s plea rejected

ISLAMABAD: The Supreme Court said Khyber Pakhtunkhwa’s (KP) plea to live-stream NAB amendment was dismissed due to...

Updated 02 Jun, 2024 09:23am

Reaction to Musadik’s, Kundi’s offer: No talks with ‘beneficiaries of Form 47’: PTI

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) reacted to the dialogue offer from Minister for Petroleum Division and...

Updated 02 Jun, 2024 09:22am

Law modules in trainings: CCP, PICG agree to broaden collaboration

ISLAMABAD: The Competition Commission of Pakistan (CCP) and Pakistan Institute of Corporate Governance (PICG) have...

Updated 02 Jun, 2024 09:21am

OPEC+ set to decide oil output policy for 2024, possibly into 2025

LONDON/DUBAI: Despite moving Sunday’s oil output decision-making meeting online, several OPEC+ ministers plan to fly...

Updated 02 Jun, 2024 12:23pm

Power generation component of DBDP: PM likely to seek Chinese investment

The premier will request assistance from Beijing as borrowing capacity from the international capital and financial market is constrained due to sovereign credit rating and economic vulnerabilities

Updated 02 Jun, 2024 03:40pm

FTO proposes massive changes in tax policy/laws

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 15	280.63
USD PKR Interbank Buying / Apr 15	280.43
USD to Japanese Yen / Apr 15	143.15
USD to Swiss Franc / Apr 15	0.81
Pound Sterling to USD / Apr 15	1.32
Euro to USD / Apr 15	1.14
UK LIBOR % / Apr 14	4.96

Stock	Volume
S&P 500 / Apr 14	5,405.97
Nasdaq / Apr 14	16,831.48
Dow Jones / Apr 14	40,524.79
India Sensex / Apr 15	76,780.06
Tokyo Nikkei / Apr 15	34,267.54
Hang Seng / Apr 15	21,470.46
FTSE 100 / Apr 15	8,209.09
Germany DAX 30 / Apr 15	21,175.70
France CAC40 / Apr 15	7,263.20

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 14	16,785
Gold 10 Grams PKR / Apr 14	290,466
Petrol/Litre / Apr 15	254.63
Crude Oil USD/Barrel / Apr 15	61.77
Gold Spot USD/Ounce / Apr 15	3,224.76
Diesel/Litre / Apr 15	258.64
Cotton US¢/pound / Apr 15	65.75

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Apr 15 PICIC Insurance Limited(PIL)	2.93 ▲ 0.78 (36.28%)
Gulshan Sp. / Apr 15 Gulshan Spinning Mills Limited(GSPM)	3.79 ▲ 0.62 (19.56%)
Escorts Bank / Apr 15 Escorts Investment Bank Limited(ESBL)	6.59 ▲ 0.95 (16.84%)
Tariq Corp.Pref. / Apr 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.29 ▲ 0.79 (10.53%)
First Capital Equities / Apr 15 First Capital Equities Limited(FCEL)	4.97 ▲ 0.47 (10.44%)
Sanghar Sugar / Apr 15 Sanghar Sugar Mills Limited(SANSM)	55.51 ▲ 5.05 (10.01%)
Redco Textile / Apr 15 Redco Textiles Limited(REDCO)	25.27 ▲ 2.3 (10.01%)
Tariq Corporation / Apr 15 Tariq Corporation Limited(TCORP)	16.16 ▲ 1.47 (10.01%)
Gammon Pak / Apr 15 Gammon Pakistan Limited(GAMON)	25.60 ▲ 2.33 (10.01%)
Bawany Air Products / Apr 15 Bawany Air Products Limited(BAPL)	34.95 ▲ 3.18 (10.01%)

Stock	Price
Arpak Int. / Apr 15 Arpak International Investments Ltd.(ARPAK)	63 ▼ -7 (-10%)
Aisha Steel(ConPS) / Apr 15 Aisha Steel(ConPS)(ASLPS)	15.11 ▼ -1.51 (-9.09%)
LSE Capital / Apr 15 LSE Capital Limited(LSECL)	5 ▼ -0.5 (-9.09%)
Power Cem(Pref) / Apr 15 Power Cement (Pref)(POWERPS)	13.55 ▼ -1.28 (-8.63%)
First Tri-Star Mod. / Apr 15 First Tri-Star Modaraba(FTSM)	12.03 ▼ -1.04 (-7.96%)
Ruby Textile / Apr 15 Ruby Textile Mills Limited(RUBY)	7.20 ▼ -0.57 (-7.34%)
Philip Morris Pak. / Apr 15 Philip Morris (Pakistan) Limited(PMPK)	1,171 ▼ -90.48 (-7.17%)
Stylers International / Apr 15 Stylers International Limited(STYLERS)	39.30 ▼ -2.7 (-6.43%)
Calcorp Ltd / Apr 15 Calcorp Limited(CASH)	37 ▼ -2.52 (-6.38%)
Janana De Malucho / Apr 15 Janana De Malucho Textile Mills Limited(JDMT)	48.55 ▼ -3.3 (-6.36%)

Stock	Volume
Cnergyico PK / Apr 15 Cnergyico PK Limited(CNERGY)	55,091,076 ▼ -0.18
Pak Int.Bulk / Apr 15 Pakistan International Bulk Terminal(PIBTL)	45,232,730 ▼ -0.25
Sui South Gas / Apr 15 Sui Southern Gas Company Limited(SSGC)	31,842,819 ▼ -0.61
B.O.Punjab / Apr 15 The Bank of Punjab(BOP)	27,341,890 ▼ -0.14
TRG Pak Ltd / Apr 15 TRG Pakistan Limited(TRG)	21,450,408 ▲ 3.76
Dewan Cement / Apr 15 Dewan Cement Limited(DCL)	19,356,973 ▲ 0.22
Pak Elektron / Apr 15 Pak Elektron Limited(PAEL)	17,487,097 ▼ -0.32
Engro Powergen / Apr 15 Engro Powergen Qadirpur Limited(EPQL)	15,435,358 ▲ 0.53
Fauji Foods Ltd / Apr 15 Fauji Foods Limited(FFL)	15,345,048 ▲ 0.53
K-Electric Ltd. / Apr 15 K-Electric Limited(KEL)	13,886,346 ▼ -0.01

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