News Archives for Print - 2024-06-04

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Print - 2024-06-04

South Asia

Indian Islamic centre warns Muslims against felling trees

LUCKNOW, (India): One of India’s most influential Islamic centres has warned Muslims not to chop down trees or ...

Published 04 Jun, 2024 06:28am

South Asia

India praises vote conduct with Modi tipped to win

NEW DELHI: India’s election commission said Monday a staggering 642 million people voted in just-concluded...

Published 04 Jun, 2024 06:28am

Biden’s son Hunter stands trial on gun charge

WILMINGTON, (United States): Hunter Biden, the long-troubled son of Joe Biden, went on trial Monday on gun charges ...

Published 04 Jun, 2024 06:28am

Turkey inflation hits 75pc in expected peak before relief

ISTANBUL: Turkish annual consumer price inflation reached 75.45% in May, a bit above expectations, according to...

Published 04 Jun, 2024 06:28am

Claudia makes history as Mexico’s first woman president

MEXICO CITY: Claudia Sheinbaum was elected Mexico’s first woman president by a landslide, making history in a...

Published 04 Jun, 2024 06:28am

Middle East

Iran media say adviser killed in Israeli Syria strike

BEIRUT: Iranian media said an adviser was killed in an early Monday Israeli strike on Syria’s northern city of...

Published 04 Jun, 2024 06:28am

Lion Junior Squash Open: Mahnoor Ali wins Gold Trophy

LAHORE: Mahnoor Ali, an 11-year-old Pakistani squash prodigy, achieved a significant milestone by clinching the gold...

Published 04 Jun, 2024 06:28am

Collective efforts needed to deal with disasters: Minister

LAHORE: Provincial Minister for Health and Emergency Services Khawaja Salman Rafique, who is Chairman Committee for...

Published 04 Jun, 2024 06:28am

Arif Alvi welcomes Saudi investment in country

LAHORE: Former President Arif Alvi on Monday welcomes Saudi Arabia's investment in Pakistan, saying we need...

Published 04 Jun, 2024 06:28am

Man held for using gas illegally: 230 illegal gas connections removed

KARACHI: SSGC has been relentlessly pursuing gas theft miscreants with an effective blend of regular raids,...

Published 04 Jun, 2024 06:28am

St Patrick’s High School opens sports summer camp

KARACHI: St. Patrick’s High School one of the oldest schools of Karachi (163 years old) inaugurated its Sports...

Published 04 Jun, 2024 06:28am

Zayn Venture Capital becomes Resident VC at NSTP-NUST

ISLAMABAD: In a significant addition to the entrepreneurial ecosystem at NUST, Zayn Venture Capital has entered into...

Published 04 Jun, 2024 06:28am

56th annual ‘mango festival’ in Mirpurkhas: Role of Sindh Agriculture University lauded

HYDERABAD: Sindh Agriculture University (SAU) Tandojam played a pivotal role as a key partner at the 56th Annual...

Published 04 Jun, 2024 06:28am

Stocks

Gong ceremony held to celebrate listing of IPAK

KARACHI: A gong ceremony was held at Pakistan Stock Exchange (PSX) on Monday to celebrate the listing of...

Updated 04 Jun, 2024 06:56am

At least 11 coalminers suffocated to death

QUETTA: At least 11 coalminers suffocated to death in a build-up of methane gas in a mine outside Quetta on Monday, ...

Published 04 Jun, 2024 06:28am

Anti-polio campaign kicks off across Sindh

KARACHI: A critical anti-polio campaign begun on Monday across Sindh province, including Karachi. The drive aims to...

Published 04 Jun, 2024 06:28am

Rainy spell likely to weaken ongoing heatwave

KARACHI: The prevailing scorching heatwave is anticipated to dissipate with a fresh pre-monsoon thunder-dusty-rainy...

Published 04 Jun, 2024 06:28am

Maryam for crackdown on electricity thieves

LAHORE: Punjab Chief Minister Maryam Nawaz has directed the authorities concerned to accelerate crackdown against ...

Published 04 Jun, 2024 06:28am

Alvi advocates equal access to justice for all

LAHORE: Former president and Pakistan Tehreek-e-Insaf (PTI) senior leader Dr Arif Alvi has said that fake and...

Published 04 Jun, 2024 06:28am

ICC announces prize money for Men’s T20 World Cup

LAHORE: The International Cricket Council (ICC) has announced prize money of US$11.25 million for the Men’s T20...

Published 04 Jun, 2024 06:28am

OGDCL commences production at Chanda-7 well in Kohat

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production...

Published 04 Jun, 2024 06:28am

Fighting malnutrition: BISP, UNICEF agree to forge close collaboration

ISLAMABAD: The federal government and the United Nations have reiterated to collaborate closely to address...

Published 04 Jun, 2024 06:28am

JI chief says to launch ‘movement’ for ‘Karachi’s rights’

KARACHI: Central Chief of Jamaat-e-Islami (JI) Hafiz Naeemur Rehman on Monday announced a ‘decisive’ movement ...

Published 04 Jun, 2024 06:28am

Peace, stability in Balochistan: Cabinet asks Naqvi to hold talks with key stakeholders

ISLAMABAD: The Federal Cabinet has directed Interior Minister Mohsin Naqvi to hold consultation with key ...

Published 04 Jun, 2024 06:28am

Iddat case: Court seeks arguments on appeal of IK, Bibi

ISLAMABAD: The district and sessions judge to whom the Islamabad High Court (IHC) transferred the Iddat case on...

Published 04 Jun, 2024 06:28am

‘Haqeeqi Azaadi March’: Imran, Qureshi & others acquitted in two cases of vandalism

ISLAMABAD: A local court, on Monday, acquitted Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan, PTI’s vice...

Published 04 Jun, 2024 06:28am

PTI lauds IHC for cypher case verdict

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Monday lauded the Islamabad High Court (IHC)’s verdict which ...

Published 04 Jun, 2024 06:28am

Europe

Brexit firebrand Farage shakes up UK election fight: UK poll predicts biggest ever Labour win

LONDON: Britain’s opposition Labour party could be on the path to the biggest election victory in its history,...

Published 04 Jun, 2024 06:28am

Europe

Russia proposes raising extraction tax rates on diamonds, gold, iron ore

MOSCOW: Russia’s finance ministry on Monday proposed increasing mineral extraction rents from next year on ...

Published 04 Jun, 2024 06:28am

Money & Banking

Temenos & Systems Ltd collaborate with Meethaq Islamic Banking

LAHORE: Meethaq Islamic Banking, a part of Bank Muscat the largest banking institution in Oman, has achieved a...

Published 04 Jun, 2024 06:28am

Money & Banking

HBL inaugurates Islamic banking branch in DHA Phase-VIII Karachi

KARACHI: HBL inaugurated its Islamic Banking Branch in DHA Phase 8, Karachi. This is a first-of-its-kind modular...

Published 04 Jun, 2024 06:28am

Islamabad to have e-buses very soon

ISLAMABAD: Electric buses will begin operating in Islamabad as these buses will reach Islamabad on Tuesday....

Published 04 Jun, 2024 06:28am

Energy

PM’s visit to Beijing: NEA China conveyed desire for early implementation of 3 power projects

ISLAMABAD: Pakistan embassy in China has reportedly conveyed Islamabad’s strong desire for an early implementation...

Published 04 Jun, 2024 06:28am

The Weather

KARACHI: The weather report on Monday (June 03, 2024) and the forecast for Tuesday (June 04, 2024)...

Published 04 Jun, 2024 06:28am

Rates

Equities plummet

KARACHI: Pakistan Stock Exchange on Monday witnessed a bearish trend and closed in red zone due to selling pressure...

Published 04 Jun, 2024 06:28am

Imran, Qureshi acquitted in cypher case

ISLAMABAD: The Islamabad High Court (IHC), Monday, acquitted Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and...

Published 04 Jun, 2024 06:28am

UK diplomat hits car to traffic cop

ISLAMABAD: A female British diplomat, on Monday, hit and seriously injured a police personnel riding a bike in the...

Published 04 Jun, 2024 06:28am

Suspect held over snatching mobile phones from two KSA diplomats

ISLAMABAD: The city police on Monday claimed to have arrested a suspect allegedly involved in snatching mobile ...

Published 04 Jun, 2024 06:28am

LWMC to set up awareness camps in cattle markets

LAHORE: Ahead of Eid-ul-Azha, the Lahore Waste Management Company (LWMC) would set up services delivery awareness...

Published 04 Jun, 2024 06:28am

LHC expresses displeasure

LAHORE: The Lahore High Court on Monday expressed displeasure over the unpreparedness of a lawyer of a petitioner ...

Published 04 Jun, 2024 06:28am

Govt introducing major reforms to modernize education system: Minister

ISLAMABAD: Secretary, Ministry of Federal Education Mohyuddin Ahmad Wani Monday announced that the government is...

Published 04 Jun, 2024 06:28am

GB CM, Aurangzeb discuss federal budget

ISLAMABAD: Chief Minister of Gilgit-Baltistan Gulbar Khan called on Federal Minister for Finance and Revenue Senator...

Published 04 Jun, 2024 06:28am

Personal appearance: Elahi allowed one time exemption

LAHORE: A special court on Monday allowed one time exemption to former Punjab Chief Minister Ch Pervez Elahi from...

Published 04 Jun, 2024 06:28am

PARTLY FACETIOUS: ‘Prosecution’s cases are falling by the wayside’

“So the same o same o.” “Yep, but there is one major change.” “Oh, that a former president of the US has...

Published 04 Jun, 2024 06:28am

Predictable decline of ANC

The results of South Africa’s general elections have delivered a stunning blow to the ruling African National...

Published 04 Jun, 2024 06:28am

Low taxation of property

The recent revelation of massive investment in property by Pakistanis in Dubai of over $11 billion has not only...

Published 04 Jun, 2024 06:28am

Stocks

Wall Street slips as markets juggle data

NEW YORK: Wall Street’s main indexes were lower in choppy trading on Monday after data showed signs of weakness in...

Published 04 Jun, 2024 06:28am

Stocks

European shares kick-off June on high note

FRANKFURT: European shares rose for the third straight session on Monday, led by bond-proxy sectors, as investors...

Published 04 Jun, 2024 06:28am

Stocks

HK stocks end higher, benchmark posts best day in 3 weeks

SHANGHAI: Hong Kong stocks finished higher on Monday, with the benchmark Hang Seng index recording its best day in...

Published 04 Jun, 2024 06:28am

Stocks

Japan’s Nikkei rallies on US inflation relief

TOKYO: Japan’s Nikkei share average rose on Monday, tracking Wall Street higher as a US inflation report supported...

Published 04 Jun, 2024 06:28am

Letters

Don’t slash PSDP allocations

Expectedly, the axe seems to have fallen on the country’s development budget as, according to media reports,...

Published 04 Jun, 2024 06:28am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 181,015 tonnes of cargo comprising 90,214 tonnes of import cargo and 90,801...

Published 04 Jun, 2024 06:28am

Rates

LME official prices

LONDON: The following were Friday official prices. ========================================= ALUMINIUM...

Published 04 Jun, 2024 06:28am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (June 03, 2024). ========================== KIBOR...

Published 04 Jun, 2024 06:28am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on...

Published 04 Jun, 2024 06:28am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 03, 2024)....

Published 04 Jun, 2024 06:28am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (June 03, 2024)...

Published 04 Jun, 2024 06:28am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (June 03, 2024). ======================================= Offset ...

Published 04 Jun, 2024 06:28am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (June 03, 2024). ==================================== BR...

Published 04 Jun, 2024 06:28am

Chinese IPPs step up pressure for payment of dues

ISLAMABAD: As Prime Minister Shehbaz Sharif is leaving for China on a four-day (June 4-8) official visit on Tuesday...

Updated 04 Jun, 2024 11:26am

Sinopec not interested in refinery project

ISLAMABAD: The government’s plan to set up an oil or petrochemical refinery with China’s cooperation is almost a...

Updated 04 Jun, 2024 11:26am

Business confidence improves by 4pc: OICCI survey

KARACHI: Business confidence in Pakistan has improved by 4 percent, though it remains in the negative, as reflected...

Updated 04 Jun, 2024 09:22am

April FCA: KE seeks provisional adjustment

ISLAMABAD: K-Electric (KE) has sought provisional adjustment in its fuel charges under three scenarios for the month...

Updated 04 Jun, 2024 09:35am

Cotton & Textile

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Monday (June 03, 2024) =========================== 6/S-7/S (COTTON)...

Published 04 Jun, 2024 06:28am

Commodities

Gold prices firm

KARACHI: Gold prices on Monday remained steady on the local market following the unchanged global bullion value,...

Published 04 Jun, 2024 06:28am

Energy

‘Upgrade agreements with domestic refineries’: CCoE yet to schedule deliberations on Petroleum Division plea

ISLAMABAD: The Cabinet Committee on Energy (CCoE) has yet to schedule deliberation on the request forwarded by the...

Published 04 Jun, 2024 06:28am

Energy

Fesco chief orders continuous power supply

FAISALABAD: On special directives of the Ministry of Energy (Power Division), Chief Executive Officer (CEO)...

Published 04 Jun, 2024 06:28am

Commodities

Russian wheat export prices rise again, but demand softens

MOSCOW: Russian wheat export prices rose again last week as harvest expectations continued to deteriorate, analysts...

Published 04 Jun, 2024 06:28am

Commodities

Paris wheat up on concern about weather damaging Russian crop

HAMBURG/PARIS: Euronext wheat rose sharply on Monday before giving up most of its gains as support from persisting...

Published 04 Jun, 2024 06:28am

Commodities

Japanese rubber futures down

SINGAPORE: Japanese rubber futures fell for a second session on Monday, with focus on demand in top consumer China ...

Published 04 Jun, 2024 06:28am

Commodities

Copper climbs on Chinese data, hopes of Fed rate cuts

LONDON: Copper prices rose on Monday after data from top consumer China showed stronger factory activity and US...

Published 04 Jun, 2024 06:28am

Commodities

Iron ore slides on weakening China demand

BEIJING: Iron ore futures prices slipped to their lowest levels in more than two weeks on Monday, as signs of...

Published 04 Jun, 2024 06:28am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 24.131...

Published 04 Jun, 2024 06:28am

Commodities

Chicago wheat rises on Russian crop concern

HAMBURG: Chicago wheat rose on Monday after three sessions of declines, as worries over bad weather damaging Russian...

Published 04 Jun, 2024 06:28am

Commodities

Gold firms on Fed rate cut hopes

BENGALURU: Gold prices edged higher on Monday as signs of cooling US inflation lifted hopes for interest rate cuts...

Published 04 Jun, 2024 06:28am

Energy

Oil dives 3pc, OPEC+ decision fails to allay demand worries

NEW YORK: Oil prices tumbled more than $2 a barrel on Monday to multi-month lows, as investors worried about the...

Published 04 Jun, 2024 06:28am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (June 03, 2024)...

Published 04 Jun, 2024 06:28am

Cotton & Textile

Cotton market remains sluggish on low Phutti arrival

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

Published 04 Jun, 2024 06:28am

Contractual obligations, rollovers, loans: PM’s China visit aims at getting a breathing space

Sources say PM hopes to secure Chinese cooperation in agriculture, information technology, energy, and alternative energy under CPEC

Updated 04 Jun, 2024 09:41am

SBP likely to lower policy rate: S&P GMI

ISLAMABAD: Pakistan’s headline inflation rate declined for the fifth consecutive month to 11.8 per cent in May and...

Updated 04 Jun, 2024 09:22am

Final date for federal budget yet to be decided

ISLAMABAD: The National Assembly Secretariat has formulated a tentative schedule for the budget session likely to be...

Updated 04 Jun, 2024 09:22am

FBR digitalisation: Aurangzeb discusses ‘quick wins’ with McKinsey head

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday said the government is committed to improving tax...

Updated 04 Jun, 2024 08:52am

Inflation slows to 11.8pc in May, lowest in 30 months

ISLAMABAD: The Consumer Price Index (CPI) based inflation increased to 11.8 per cent on a year-on-year (YoY) basis...

Updated 04 Jun, 2024 09:33am

July-May exports jump 10.65pc to $28.07bn YoY

ISLAMABAD: The country’s exports increased by 10.65 percent ($2.702 billion) to $28.070 billion during the first ...

Published 04 Jun, 2024 06:28am

PIACL divestment: Six companies pre-qualify

ISLAMABAD: The Privatisation Commission Board met on Monday under the chairmanship of Minister for Privatisation/...

Published 04 Jun, 2024 06:28am

Reserved seats allocation case: In every period parties have been victimised: Justice Minallah

ISLAMABAD: Justice Athar Minallah said in every period the political parties have been victimised either by...

Updated 04 Jun, 2024 08:45am

Demand of CJP’s recusal: PBC, SCBA denounce political party’s statement

ISLAMABAD: The Pakistan Bar Council (PBC) and the Supreme Court Bar Association (SCBA) strongly denounced the recent...

Updated 04 Jun, 2024 09:33am

Pak-Afghan trade: Agreement reached to implement temporary TAD mechanism

ISLAMABAD: The ministries of commerce of Pakistan and Afghanistan have agreed to implement the mechanism of ...

Published 04 Jun, 2024 06:28am

Finance Bill to amend Tax Laws (Amendment) Act, 2024

ISLAMABAD: Finance Bill 2024 would amend Tax Laws (Amendment) Act, 2024 to deal with emerging legal issues being...

Published 04 Jun, 2024 06:28am

FY25 budget: Pension tax proposal dropped

Taxes

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	8.08 ▲ 0.97 (13.64%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Shaheen Ins. / Dec 18 Shaheen Insurance Company Limited(SHNI)	6.70 ▲ 0.61 (10.02%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
Chakwal Spinning / Dec 18 Chakwal Spinning Mills Limited(CWSM)	48.35 ▼ -5.37 (-10.00%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
Sanghar Sugar / Dec 18 Sanghar Sugar Mills Limited(SANSM)	29.20 ▼ -3.15 (-9.74%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	51 ▼ -4.95 (-8.85%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.08
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.54
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.19
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.24
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 0.50
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.47
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.34
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -1.18
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.08

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