Stocks Asset classes: PSX urges govt to remove tax-driven distortions KARACHI: Pakistan Stock Exchange (PSX) has proposed to the federal government to remove the tax-driven distortions... Published 06 Jun, 2024 03:09am
Companies Prospective PIA bid: Arif Habib says amount should go into core company as capital KARACHI: Arif Habib, chief executive of the group that is one of the six entities which pre-qualified for the... Published 06 Jun, 2024 03:09am
IK’s post on X: Omar slaps legal notice on FIA for summoning him ISLAMABAD: The opposition leader in the National Assembly Omar Ayub on Wednesday slapped the Federal Investigation... Published 06 Jun, 2024 03:09am
There’s no ban on court reporting, remarks IHC ISLAMABAD: The Islamabad High Court (IHC), Wednesday, remarked that there is no ban on court reporting; rather ban ... Published 06 Jun, 2024 03:09am
PARTLY FACETIOUS: ‘Some poodles are more equal than others…’ “So, what is with the debates between Starmer and Sunak?” “Well, you can’t accuse the British of doing a... Published 06 Jun, 2024 03:09am
JUI-P says joining TTAP ISLAMABAD: Jamiat Ulema-e-Islam-Pakistan (JUI-P) on Wednesday formally announced to join the coalition of six... Published 06 Jun, 2024 03:09am
Dissenting note: Public cannot be deprived of access to court proceedings: Justice Minallah ISLAMABAD: Justice Athar Minallah said the public cannot be deprived of access to the court proceedings through live... Published 06 Jun, 2024 03:09am
ECC approves Rs54m for ICT agri projects ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs54.490 million for the Islamabad... Published 06 Jun, 2024 03:09am
Stocks China and HK stocks close down despite upbeat service activity data SHANGHAI: China stocks closed down on Wednesday, dragged lower by consumer and property shares, despite an ... Published 06 Jun, 2024 03:09am
Stocks European shares gains, led higher by tech stocks FRANKFURT: European shares gained on Wednesday, led by technology stocks including Dutch semiconductor equipment... Published 06 Jun, 2024 03:09am
Rs60m penalties on 2 firms: IHC upholds decision of SECP appellate bench ISLAMABAD: The Islamabad High Court has upheld the decision of the Appellate Bench of the Securities and Exchange... Published 06 Jun, 2024 03:09am
Sarim Burney arrested over child trafficking charges ISLAMABAD: Social activist Sarim Burney was arrested by the Anti-Human Trafficking Police upon his arrival in ... Published 06 Jun, 2024 03:09am
Lebanon border: Netanyahu says Israel ‘prepared for very intense operation’ OCCUPIED JERUSALEM: Prime Minister Benjamin Netanyahu said Wednesday that Israel was “prepared for a very intense... Published 06 Jun, 2024 03:09am
South Africa’s ANC leans towards unity govt but meets resistance JOHANNESBURG: The African National Congress is leaning towards trying to form a government of national unity for... Published 06 Jun, 2024 03:09am
World hits streak of record temperatures as UN warns of ‘climate hell’ BRUSSELS/GENEVA: Each of the past 12 months ranked as the warmest on record in year-on-year comparisons, the EU’s... Published 06 Jun, 2024 03:09am
Stocks Saudi Arabia joins BIS- and China-led central bank digital currency project LONDON: Saudi Arabia has joined a China-dominated central bank digital currency cross-border trial, in what could be... Published 06 Jun, 2024 03:09am
Pakistan-US match at Grand Prairie Cricket Stadium in Dallas today LAHORE: Pakistani skipper Babar Azam will be hoping it is third time lucky for him when he captains Pakistan in the... Published 06 Jun, 2024 03:09am
‘QS World University Rankings’ PU declared most-improved Asian varsity in last 5 years LAHORE: The QS World University Rankings has declared Punjab University as the most-improved university in Asia in... Published 06 Jun, 2024 03:09am
President for building ‘technology highways’ in country ISLAMABAD: President Asif Ali Zardari has emphasised the need for building “technology highways” in the country... Published 06 Jun, 2024 03:09am
AFP journalists to strike over expat jobs PARIS: Journalists at AFP will hold a 24-hour strike starting Thursday at 0800 GMT to protest against potential... Published 06 Jun, 2024 03:09am
Russians discussing with SIFC wide range of trade ties ISLAMABAD: Russians are reportedly engaged with Special Investment Facilitation Council (SIFC) to discuss avenues of... Updated 06 Jun, 2024 09:13am
US House passes bill to sanction ICC over Israel WASHINGTON: The Republican-led US House of Representatives passed legislation that would impose sanctions on the... Published 06 Jun, 2024 03:09am
Controversial tweet case: IHC bars FIA from taking action against PTI leaders ISLAMABAD: The Islamabad High Court (IHC), Wednesday, restrained the Federal Investigation Agency (FIA) from taking... Published 06 Jun, 2024 03:09am
NA budget session begins today ISLAMABAD: The National Assembly budget 2024-25 session will be held today (Thursday). President Asif Ali Zardari... Updated 06 Jun, 2024 08:39am
World’s richest have never been so wealthy: study PARIS: The world has never had so many rich people and their investments in soaring stock markets have made them... Published 06 Jun, 2024 03:09am
The Weather KARACHI: The weather report on Wednesday (June 05, 2024) and the forecast for Thursday (June 06, 2024)... Published 06 Jun, 2024 03:09am
The burgeoning burden of capacity payments As Pakistan prepares for a significant increase in electricity prices next year, driven by further rupee devaluation... Published 06 Jun, 2024 03:09am
People’s Bus Service: new routes announced KARACHI: The Government of Sindh has decided to start new routes for the People’s Bus Service in Malir, Kemari,... Published 06 Jun, 2024 03:09am
Letters Welcome increase in exports It is heartening to note that the country’s exports increased by 10.65 per cent ($2.702 billion) to $28.070 ... Published 06 Jun, 2024 03:09am
Court reserves verdict on Gillani’s acquittal plea ISLAMABAD: A local court, on Wednesday, reserved its verdict on Pakistan Peoples Party (PPP) leader Ali Haider... Published 06 Jun, 2024 03:09am
Probe begins into death of Foreign Service officer ISLAMABAD: The Establishment Division has initiated an inquiry to investigate the circumstances surrounding Dr Diyar... Published 06 Jun, 2024 03:09am
Sadiq visits Iranian embassy to condole death of Raisi ISLAMABAD: Speaker of the National Assembly Sardar Ayaz Sadiq on Wednesday visited the Iranian Embassy in Islamabad... Published 06 Jun, 2024 03:09am
Revisiting govt jobs “Permanent jobs with absolute job security have made the government officers complacent. It has brought great... Published 06 Jun, 2024 03:09am
Should we not prevent heat islands and flooding in Karachi? Over my dead body! Don’t you dare stop my delivery vans driving directly to my shop! The year was 2019 and Haji... Published 06 Jun, 2024 03:09am
Attacks against journalists: CPJ urges Pakistan for swift probe NEW YORK: Pakistan authorities must immediately investigate the attacks against journalists Haider Mastoi, Khan... Published 06 Jun, 2024 03:09am
Govt committed to the uplift of the poor: Nawaz LAHORE: PML-N President Nawaz Sharif said on Wednesday that they will uplift workers economically, while good time... Published 06 Jun, 2024 03:09am
Wapda initiates legal cases against societies for using its name unlawfully LAHORE: Water and Power Development Authority (Wapda) has initiated legal proceedings against those cooperative... Published 06 Jun, 2024 03:09am
Use of plastic shopping bags banned in Punjab LAHORE: Senior Minister Punjab Maryam Aurangzeb on Wednesday announced to ban single-use plastic and shopping bags... Published 06 Jun, 2024 03:09am
World Environment Day celebrated by SEF KARACHI: A large number of children gathered at an event for World Environment Day to spread the message that the... Published 06 Jun, 2024 03:09am
Cigarette consumption: Pakistan witnesses significant dip: survey ISLAMABAD: Pakistan has witnessed a significant dip in cigarette consumption due to its high prices, according to a... Published 06 Jun, 2024 03:09am
Industrialists threaten to launch protest drive if killers not arrested KARACHI: Industrialists have demanded the law and order authorities to arrest the killers behind the assassination ... Published 06 Jun, 2024 03:09am
Rs520m approved for paeds cardiac unit at NICVD KARACHI: Sindh Chief Minister Syed Murad Ali Shah while presiding over the 82nd Governing Body meeting of the... Published 06 Jun, 2024 03:09am
Verdict on Hassan Niazi’s case reserved ISLAMABAD: A local court on Wednesday reserved its verdict on Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan’s... Published 06 Jun, 2024 03:09am
WMO warns against dangerous rise in global temperatures KARACHI: The World Meteorological Organisation (WMO) has warned against a dangerous rise in global temperatures,... Published 06 Jun, 2024 03:09am
Gaza conference: President accepts Jordan’s invitation ISLAMABAD: President Asif Ali Zardari on Wednesday said that Pakistan and Jordan enjoyed close cordial relations and... Published 06 Jun, 2024 03:09am
Controversial video: PTI chairman, spokesman appear before FIA ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) chairman Barrister Gohar Ali Khan and PTI’s spokesman Raoof Hasan... Published 06 Jun, 2024 03:09am
Sindh and Balochistan : Many illegal SSGC gas connections removed, one held KARACHI: On a tip off, SS&CGTO Operation Wing along with SSGC Police and Recovery Department conducted a joint... Published 06 Jun, 2024 03:09am
Minister urges compliance to environmental laws KARACHI: The Sindh government has assured that the provincial environmental watchdog will strengthen its operations... Published 06 Jun, 2024 03:09am
Expo in PNCA inaugurated: NA Speaker lauds services of Jimmy Engineer ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq said the contribution of renowned artist and social worker... Published 06 Jun, 2024 03:09am
Collective action urged to adapt to ‘new age of global warming’ ISLAMABAD: With temperatures already crossing 52 degrees Celsius in many parts of the country, the United Nations... Published 06 Jun, 2024 03:09am
PTI founder reaping what he sowed: Bilawal KARACHI: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari said that the Pakistan Tehreek-e-Insaf ... Published 06 Jun, 2024 03:09am
Pakistan may become UNSG non-permanent member ISLAMABAD: Pakistan is likely to get elected as a non-permanent member of the UN Security Council for the eighth... Published 06 Jun, 2024 03:09am
Vawda, Kamal press conferences: SC issues notices to TV channels ISLAMABAD: The Supreme Court issued contempt notices to TV channels for broadcasting press conferences of Senator... Published 06 Jun, 2024 03:09am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (June 05, 2024). ==================================== BR... Published 06 Jun, 2024 03:09am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Wednesday (June 05, 2024). ======================================= Offset... Published 06 Jun, 2024 03:09am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 05, 2024)... Published 06 Jun, 2024 03:09am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 05, 2024).... Published 06 Jun, 2024 03:09am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (June 05, 2024).... Published 06 Jun, 2024 03:09am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Wednesday (June 05, 2024). ======================== Open Bid ... Published 06 Jun, 2024 03:09am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on... Published 06 Jun, 2024 03:09am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Wednesday (June 05, 2024). ========================== KIBOR... Published 06 Jun, 2024 03:09am
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 06 Jun, 2024 03:09am
Rates LME official prices LONDON: The following were Tuesday official prices. ========================================= ALUMINIUM... Published 06 Jun, 2024 03:09am
Commodities Iron ore hits seven-week low BEIJING: Iron ore futures extended their decline to a fifth straight session on Wednesday, hitting a seven-week... Published 06 Jun, 2024 03:09am
Commodities Wheat falls as US Plains harvest advances CHICAGO: Chicago benchmark wheat futures fell for the sixth day in a row on Wednesday as progress in the US harvest... Published 06 Jun, 2024 03:09am
Cotton & Textile Market remains steady low volume LAHORE: The local cotton market remained steady on Wednesday, with trading volume staying low. According to Cotton... Published 06 Jun, 2024 03:09am
Cotton & Textile Cotton spot rates KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (June 05, 2024)... Published 06 Jun, 2024 03:09am
Energy Oil eases as US crude, fuel stock builds bolster demand jitters HOUSTON: Oil prices edged lower on Wednesday as a surprise build in US crude stocks and larger-than-expected rise in... Published 06 Jun, 2024 03:09am
Commodities Gold rises after softer US jobs data NEW YORK: Gold prices gained on Wednesday as bond yields fell after weaker-than-expected US private payrolls data... Published 06 Jun, 2024 03:09am
Energy US natural gas prices up 2pc on recent drop in daily output NEWYORK: U.S. natural gas futures edged up about 2% on Wednesday on a decline in daily gas output after higher ... Published 06 Jun, 2024 03:09am
Commodities EU wheat falls PARIS: Euronext wheat fell for a third session on Wednesday as traders focused on Black Sea competition in large... Published 06 Jun, 2024 03:09am
Commodities PMEX daily trading report KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 22.023... Published 06 Jun, 2024 03:09am
Commodities Japan rubber futures fall TOKYO: Japanese rubber futures fell on Wednesday, as data showed surprising weakness in US business activity, ... Published 06 Jun, 2024 03:09am
Commodities Ukraine’s waterborne food exports 5.9m tons in May: brokers KYIV: Ukraine’s overall waterborne food exports totaled 5.9 million metric tons in May including 5.1 million tons... Published 06 Jun, 2024 03:09am
Rates Activities of Karachi Port KARACHI: The Karachi Port handled 129,079 tonnes of cargo comprising 64,397 tonnes of import cargo and 64,682 tonnes... Published 06 Jun, 2024 03:09am
Stocks Indian shares surge as Modi’s allies pledge support to form govt BENGALURU: Indian shares jumped over 3% on Wednesday, marking its best one-day gain in over three years after key... Published 06 Jun, 2024 03:09am
Stocks Tech stocks lift Nasdaq, S&P 500 as rate-cut expectations tick up NEW YORK: Technology stocks led US indexes higher on Wednesday, as investors strengthened bets for an... Published 06 Jun, 2024 03:09am
Energy Pakistan Energy Conference 2024 held ISLAMABAD: The Pakistan Energy Conference 2024 was held on Wednesday here at a local hotel with the theme,... Published 06 Jun, 2024 03:09am
Rates Bearish trend persists KARACHI: A bearish trend continued on Pakistan Stock Exchange on Wednesday due to selling pressure as investors... Published 06 Jun, 2024 03:09am
Commodities Copper nears one-month low as real demand lags expectations LONDON: Copper prices slid to near one-month lows on Wednesday, pausing their strongest rally in years as strong... Published 06 Jun, 2024 03:09am
Commodities Palm oil erases early gains to close lower JAKARTA: Malaysian palm oil futures shed early gains to close lower for a second consecutive session on Wednesday, ... Published 06 Jun, 2024 03:09am
Money & Banking Asian currencies inch up BENGALURU: Most emerging Asian currencies inched up as the dollar steadied on Wednesday and stocks were largely... Published 06 Jun, 2024 03:09am
Money & Banking Dollar gains after stronger services sector data NEW YORK: The US dollar rose on Wednesday after data showed the services sector in the world’s largest economy... Published 06 Jun, 2024 03:09am
Indian elections: a glimmer of hope? EDITORIAL: Following the announcement of results of India’s parliamentary elections on June 4, many in Pakistan... Published 06 Jun, 2024 03:09am
Injudicious use of development outlay EDITORIAL: The disarray marring Pakistan’s development agenda was laid bare recently by the planning ministry as ... Published 06 Jun, 2024 03:09am
Industry FPCCI demands cut in policy rate, power tariffs LAHORE: Zaki Aijaz, Regional Chairman and Vice President of the Federation of Pakistan Chambers of Commerce and... Published 06 Jun, 2024 03:09am
Industry Soft-core diplomacy a must to achieve prime objectives: FCCI chief FAISALABAD: Pakistan could achieve its prime political and economic objectives in the fast-changing global scenario... Published 06 Jun, 2024 03:09am
Industry CG reiterates support of Germany to women’s empowerment KARACHI: Dr Ruediger Lotz, Consul General of Germany in Karachi, has reiterated Germany’s commitment to support... Published 06 Jun, 2024 03:09am
Commodities Gold prices fall KARACHI: Gold prices on Wednesday lost its upward momentum slightly with silver inching down, traders said. At... Published 06 Jun, 2024 03:09am
SBP governor chairs meeting on implementation of priority sector initiatives KARACHI: The Governor State Bank of Pakistan (SBP), Jameel Ahmed, chaired the first Steering Committee meeting for... Published 06 Jun, 2024 03:09am
Money & Banking UBL extends Rs20bn finance facility to Engro Fertilizers KARACHI: United Bank Limited (UBL) concluded a PKR 20 Billion bilateral finance facility for Engro Fertilizers... Published 06 Jun, 2024 03:09am
Industry Workshop held on green estate investment KARACHI: Pakistan Banks’ Association (PBA), in partnership with the International Finance Corporation (IFC),... Published 06 Jun, 2024 03:09am
Commodities PBS to conduct 7th agri census field operation from Aug ISLAMABAD: The Pakistan Bureau of Statistics (PBS) will conduct the 7th Agriculture Census field operation from... Published 06 Jun, 2024 03:09am
Govt should prioritise & target economic growth: PBF KARACHI: Chairperson of Pakistan Business Forum (PBF) Sindh Chapter, Shabnum Zafar has said that our commitment and... Published 06 Jun, 2024 03:09am
$130 per metric ton customs value fixed on Pink Rock Salt’s export ISLAMABAD: The Directorate of Customs Valuation Lahore has fixed customs value of $130 per metric ton (PMT) on the... Updated 06 Jun, 2024 09:10am
Delay in release of imported cotton: APTMA seeks PM’s intervention ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has sought the prime minister’s intervention to... Updated 06 Jun, 2024 09:10am
FBR finalises revised GST schedules for budget ISLAMABAD: The Federal Board of Revenue (FBR) has finalised revised sales tax schedules, ie, Sixth Schedule... Updated 06 Jun, 2024 08:40am
Payments to IPPs: PPIB urges SBP to make $758m available Independent Power Producers express serious concerns regarding delays in SBP’s approval for conversion of PKR to USD in order to fulfil their commitments/ financial obligations Updated 06 Jun, 2024 02:41pm
AGP office distances itself from ‘award in favour of SHPL’ ISLAMABAD: The Office of Attorney General for Pakistan is said to have distanced itself with respect to strategy to... Updated 06 Jun, 2024 09:14am
Five-day China visit: PM vows security to investments, individuals Highlights bilateral trade and investment potential, especially in key sectors Updated 06 Jun, 2024 09:31am
