News Archives for Print - 2024-06-08

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Print - 2024-06-08

South Asia

Modi invited to form govt

NEW DELHI: Indian Prime Minister Narendra Modi said on Friday that President Droupadi Murmu had invited him to form ...

Published 08 Jun, 2024 07:00am

South Asia

India court bails Rahul Gandhi in latest defamation case

BENGALURU, (India): An Indian court Friday granted bail to opposition leader Rahul Gandhi in the latest of several...

Published 08 Jun, 2024 07:00am

Russia declares crop emergency

MOSCOW: Russia said on Friday it was declaring a federal emergency in 10 regions because of damage to crops from May...

Published 08 Jun, 2024 07:00am

UN chief to call out Israel for violations against children

NEW YORK: United Nations Secretary-General Antonio Guterres has added Israel’s military to a global list of...

Published 08 Jun, 2024 07:00am

British former naval officer held in Dubai for spying

LONDON: Matt Croucher, a former British Royal Marine who served in Iraq and Afghanistan, has been held in Dubai for...

Published 08 Jun, 2024 07:00am

Pakistan hopes India to create ‘conducive environment’ for advancement of peace: FO

ISLAMABAD: Pakistan hoped the upcoming Indian government to take steps to create a “conducive environment” for...

Published 08 Jun, 2024 07:00am

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

ISLAMABAD: A local court on Friday again sought arguments against plea of Pakistan Tehreek-e-Insaf (PTI) founder...

Published 08 Jun, 2024 07:00am

Election Tribunals: ECP reserves verdict on plea of 3 PML-N MNAs

ISLAMABAD: The electoral entity has reserved its verdict on a petition from three PML-N lawmakers for changing the...

Published 08 Jun, 2024 07:00am

IHC disposes of case seeking recovery of Kashmiri poet

ISLAMABAD: The Islamabad High Court (IHC), Friday, disposed of a case seeking the recovery of Kashmiri poet, Ahmad...

Published 08 Jun, 2024 07:00am

Two sons of ex-AJK PM arrested

ISLAMABAD: City police on Friday arrested former prime minister of Azad Jammu and Kashmir Sardar Tanveer Ilyas's two...

Published 08 Jun, 2024 07:00am

SSGC removes 689 illegal gas connections

KARACHI: The Sui Southern Gas Company’s Operation Grift is going strong. With the intensions to uprooting the evil...

Published 08 Jun, 2024 07:00am

Iddat case: PTI body rejects transfer of case to new court

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Core Committee vehemently condemned the inordinate and unjustifiable delay...

Published 08 Jun, 2024 07:00am

President’s Trophy Grade-II final begins today

LAHORE: The final of the President’s Trophy Grade-II 2023-24 will be played between Oil and Gas Development ...

Published 08 Jun, 2024 07:00am

Marwat saddened over PTI’s decision

ISLAMABAD: The estranged Pakistan Tehreek-e-Insaf (PTI) lawmaker Sher Afzal Marwat, who was booted out from the...

Published 08 Jun, 2024 07:00am

LHC give police more time to recover two brothers

LAHORE: The Lahore High Court on Friday gave police more time to recover two brothers of PTI social media head Azhar...

Published 08 Jun, 2024 07:00am

Lahore DC directed to decide PTI’s plea

LAHORE: The Lahore High Court on Friday directed the deputy commissioner Lahore to decide an application of the...

Published 08 Jun, 2024 07:00am

JCP recommends elevation of LHC CJ to SC

ISLAMABAD: The Judicial Commission of Pakistan (JCP) by a majority recommended the elevation of the Chief Justice of...

Published 08 Jun, 2024 07:00am

Global study reports high quality of Pediatric ERs in Sindh Govt hospitals

KARACHI: The latest research conducted by US-based PALISI Global Health has revealed results highlighting the ...

Published 08 Jun, 2024 07:00am

Conservation project for Haveli Maharaja Ranjeet Singh launched

LAHORE: The Evacuee Trust Property Board (ETPB), in collaboration with the Walled City Lahore Authority, has ...

Published 08 Jun, 2024 07:00am

'Black day': Pakistan reels from USA T20 World Cup stunner

KARACHI: Pakistan cricket fans were hurt and angry Friday after a stunning T20 World Cup loss to hosts the United...

Updated 08 Jun, 2024 07:32am

BISP chairperson meets NA speaker

ISLAMABAD: Chairperson Benazir Income Support Programme (BISP) Rubina Khalid held a meeting with Speaker National...

Published 08 Jun, 2024 07:00am

Turkiye envoy visits UAF

FAISALABAD: Ambassador of Turkiye Mehmed Pacaci visited University of Agriculture Faisalabad and met Vice Chancellor...

Published 08 Jun, 2024 07:00am

Minister reviews 100-day performance of education department

LAHORE: Education Minister Rana Sikandar Hayat, while reviewing the 100-day performance of the education department,...

Published 08 Jun, 2024 07:00am

Punjab CM, Nawaz briefed about planned ‘Kisan Package’

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif under a historic package for the farmers has announced, “Punjab...

Published 08 Jun, 2024 07:00am

May 9 riots cases: ATC extends bail of PTI leaders

LAHORE: An Anti-Terrorism Court (ATC) on Friday extended bail of Pakistan Tehreek-e-Insaf (PTI) leaders, Dr Yasmin...

Published 08 Jun, 2024 07:00am

PFA marks World Food Safety Day

LAHORE: The Punjab Food Authority (PFA) organised a seminar to celebrate World Food Safety Day under the theme...

Published 08 Jun, 2024 07:00am

MNU and COMSATS University to strengthen partnership

ISLAMABAD: A delegation led by Dr Aishath Shehenaz Adam, Vice Chancellor, Maldives National University (MNU) and Dr...

Published 08 Jun, 2024 07:00am

Flash drought likely due to low rainfall, soaring temperatures

LAHORE: Flash drought is likely to emerge due to below normal rainfall and soaring temperature of May with ...

Published 08 Jun, 2024 07:00am

Punjab govt plans to enhance ‘Sehat Card’ limit

LAHORE: Health Minister Punjab Khawaja Salman Rafiq on Friday said that government of Punjab is planning to increase...

Published 08 Jun, 2024 07:00am

Omar assails FIA for summoning PTI leaders over alleged misuse of X account

ISLAMABAD: The opposition leader in the National Assembly Omar Ayub on Friday lambasted the Federal Investigation...

Published 08 Jun, 2024 07:00am

APCC yet to finalise PSDP for NHA

ISLAMABAD: The Annual Plan Coordination Committee (APCC) is yet to finalise the Public Sector Development Programme...

Published 08 Jun, 2024 07:00am

Dar to attend D-8 Council of FMs meeting

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar will undertake a one-day visit to Istanbul, Türkiye...

Published 08 Jun, 2024 07:00am

Uproar in Sindh Assembly over street crime issue

KARACHI: The MQM-Pakistan on Friday rattled the Sindh Assembly with questions over soaring street crimes in Karachi,...

Published 08 Jun, 2024 07:00am

Mushahid highlights role of KPT as gateway to Pakistan, Central Asian region

KARACHI: A session emphasizing the strategic significance of Pakistan among contemporary challenges and outlining ...

Published 08 Jun, 2024 07:00am

The Weather

KARACHI: The weather report on Friday (June 07, 2024) and the forecast for Saturday (June 08, 2024)...

Published 08 Jun, 2024 07:00am

Rates

Stocks nosedive

KARACHI: Pakistan Stock Exchange on Friday witnessed highly volatile session and after positive opening, nosedived ...

Published 08 Jun, 2024 07:00am

PPP legislator chairs session despite Deputy Chairman Senate’s presence

ISLAMABAD: In an unusual move, a Pakistan Peoples Party (PPP) legislator, Friday, presided over the maiden sitting ...

Published 08 Jun, 2024 07:00am

Eidul Azha on 17th

KARACHI: The Zil Hajj moon has been sighted in Peshawar, as confirmed by the Zonal Sighting of the Crescent ...

Published 08 Jun, 2024 07:00am

Hamoodur Rehman Commission Report: Jailed PTI founder owns up to posting controversial tweet

ISLAMABAD: Incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman, Imran Khan, on Friday, defended his...

Updated 08 Jun, 2024 09:26am

Port of Mombasa: Kenya authorises release of 1,300 containers of Pakistani rice

ISLAMABAD: In a significant development for bilateral trade, the Kenyan government has authorised the release of...

Updated 08 Jun, 2024 12:31pm

Ogra allows three refineries to export HSFO in June, July

Refineries allowed to export up to 120,000 MT of low and high sulphur furnace oil

Updated 08 Jun, 2024 09:04pm

PakSat MM1 reaches its earth orbit

ISLAMABAD: Pakistan’s second communication satellite, PakSat MM1, launched recently by Pakistan’s National Space...

Updated 08 Jun, 2024 08:51am

CDA chief visits EV charging station

ISLAMABAD: Muhammad Ali Randhawa, chairman of the Capital Development Authority (CDA), visited the electric vehicle...

Published 08 Jun, 2024 07:00am

MNU and COMSATS University to strengthen partnership

ISLAMABAD: A delegation led by Dr Aishath Shehenaz Adam, Vice Chancellor, Maldives National University (MNU) and Dr...

Published 08 Jun, 2024 07:00am

IHC issues notices in response to plea challenging Elections (Amendment) Ordinance

ISLAMABAD: The Islamabad High Court (IHC), Friday, issued notices to the respondents including the Attorney General...

Published 08 Jun, 2024 07:00am

Cotton & Textile

Cotton market remains steady

LAHORE: The local cotton market remained steady on Friday, with trading volume improving a little bit. According to...

Published 08 Jun, 2024 07:00am

Commodities

Gold steady

KARACHI: Gold prices on Friday remained steady on the local with the global bullion value unmoved, traders said. The...

Published 08 Jun, 2024 07:00am

PARTLY FACETIOUS: Samdhi and Sunak

“Uh Oh!” “You will have to narrow it down. There are too many uh oh situations.” “Take a guess.” “The Deputy Prime...

Published 08 Jun, 2024 07:00am

PM’s China visit: take-home messages

The much-trumpeted high level official visit of prime minister Shehbaz Sharif to China is at its tail end. It is a...

Published 08 Jun, 2024 07:00am

Eidul Azha in days gone by

My childhood remembrance of Eidul Azha goes back to the sixties. We lived then in Jacob Lines, which were government...

Published 08 Jun, 2024 07:00am

Letters

Criticality of rule of law

Pakistan’s ranking on the World Justice Project’s Rule of Law Index was 129th out of 140 countries, placing it...

Published 08 Jun, 2024 07:00am

Stocks

Sri Lanka shares end higher

COLOMBO: Sri Lankan shares closed higher on Friday, aided by industrial and communication service stocks. The CSE...

Published 08 Jun, 2024 07:00am

Stocks

China stocks close down

SHANGHAI: China stocks closed down on Friday after a report that US lawmakers pushed to ban Chinese battery firms...

Published 08 Jun, 2024 07:00am

Stocks

European stocks fall as US payrolls flare rate worries

PARIS: European shares fell on Friday, led by rate-sensitive sectors like real estate and utilities after a...

Published 08 Jun, 2024 07:00am

Stocks

Wall St inches up after mixed data

NEW YORK: US stock indexes struggled for direction amid choppy trading on Friday, but remained on track for weekly...

Published 08 Jun, 2024 07:00am

Stocks

Nikkei little changed ahead of key US data

TOKYO: Japan’s Nikkei share average was little changed on Friday as investors sought further direction from a key...

Published 08 Jun, 2024 07:00am

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 08 Jun, 2024 07:00am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (June 07, 2024). ========================== KIBOR...

Published 08 Jun, 2024 07:00am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (June 07,...

Published 08 Jun, 2024 07:00am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (June 07, 2024). ======================== Open Bid Rs...

Published 08 Jun, 2024 07:00am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (June 07, 2024)....

Published 08 Jun, 2024 07:00am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (June 07, 2024). ==================================== BR...

Published 08 Jun, 2024 07:00am

Categorisation of commercial SOEs: PM irked by delay in submission of summaries

Directs concerned secretaries to personally and proactively oversee the process to ensure submission of requisite recommendations/summaries to Cabinet Committee on State-Owned Enterprises

Updated 08 Jun, 2024 05:20pm

NEC constituted

ISLAMABAD: The president on Friday constituted the National Economic Council (NEC) with prime minister in the chair....

Updated 08 Jun, 2024 01:35pm

Wind power project accuses NPCC of showing bias

ISLAMABAD: M/s UEP Wind Power Project has reportedly accused National Power Control Centre (NPCC) - the system...

Updated 08 Jun, 2024 05:19pm

Jul-Apr govt debt stock up 8.6pc to Rs66.08trn YoY

KARACHI: The central government’s total domestic and external debt stock rose by 8.6 percent during the first 10...

Updated 08 Jun, 2024 09:23am

FD agrees to provide Rs1.2trn for FY25 PSDP

ISLAMABAD: The Finance Division has agreed to provide Rs1.2 trillion for the next fiscal year Public Sector...

Updated 08 Jun, 2024 08:53am

President confers Nishan-i-Pakistan on Prince Rahim Aga Khan

ISLAMABAD: President Asif Ali Zardari conferred the Award of Nishan-i-Pakistan upon Prince Rahim Aga Khan in...

Published 08 Jun, 2024 07:00am

May 2024: country gets highest-ever remittances

KARACHI: Pakistan received highest-ever monthly inflows of home remittances amounted to $ 3.2 billion in the month ...

Published 08 Jun, 2024 07:00am

New EFF: IMF to support a home-grown programme

ISLAMABAD: The International Monetary Fund will support a home-grown programme for Pakistan under a new Extended...

Updated 08 Jun, 2024 01:35pm

Pakistan, China ink 23 MoUs

BEIJING: Pakistan and China have signed 23 Memorandums of Understanding (MoUs) to deepen bilateral cooperation in...

Updated 08 Jun, 2024 08:49am

Weekly SPI inflation up 0.45pc

ISLAMABAD: The Sensitive Price Index-based inflation for the week ended June 6, 2024, increased by 0.45 percent due...

Published 08 Jun, 2024 07:00am

SECP increases fee for registration/filing of documents by 10pc

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has increased fee for registration/filing of...

Published 08 Jun, 2024 07:00am

Livestock Insurance: SECP for establishing insurance pools

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has recommended establishing insurance pools or...

Published 08 Jun, 2024 07:00am

Exchange losses, GST cut & IFEM: OMAP approaches SIFC

ISLAMABAD: The Oil Marketing Association of Pakistan approached the Special Investment Facilitation Council...

Published 08 Jun, 2024 07:00am

Ads given for hiring of int’l consultants: Govt formally kicks start 5G spectrum auction process

ISLAMABAD: The government has formally kicked start the process of 5G spectrum auction in the country with ...

Published 08 Jun, 2024 07:00am

Taxes

FBR penalises IR officer for causing revenue loss

ISLAMABAD: The Federal Board of Revenue (FBR) has penalized an Inland Revenue officer, who caused revenue loss by...

Published 08 Jun, 2024 07:00am

Industry

LCCI members urged to submit pending sales tax returns, WWF payments

LAHORE: President of the Lahore Chamber of Commerce & Industry (LCCI), Kashif Anwar, in a meeting with Focal...

Published 08 Jun, 2024 07:00am

Railways Pakistan, Russia sign MoU to enhance cooperation

ISLAMABAD: Pakistan and Russia have signed a memorandum of understanding (MoU) to enhance cooperation in the Railway...

Published 08 Jun, 2024 07:00am

Environment emergency

EDITORIAL: It’s unfortunate that days like World Environment Day still do not raise the kind of seriousness they...

Published 08 Jun, 2024 07:00am

Sad state of public sector hospitals

EDITORIAL: A common concern in this country is inadequate investment in the public healthcare system. Add to it...

Published 08 Jun, 2024 07:00am

FPCCI seeks abolishment of Section 7E of ITO 2001

KARACHI: Atif Ikram Sheikh, President FPCCI, has echoed the collective demand of the business community that the...

Published 08 Jun, 2024 07:00am

Foreign direct investment should be top priority, says economist

KARACHI: Anything or everything related to foreign direct investment should be the top priority instead of relying ...

Published 08 Jun, 2024 07:00am

Money & Banking

Financial facilitation to augment Pakistan-China business activities, says NBP President

KARACHI: National Bank of Pakistan (NBP) President, Rehmat Ali Hasnie, participated in the Pakistan China Business...

Published 08 Jun, 2024 07:00am

Taxes

Going after taxpayers without sound legal footing constitutes harassment: FTO

ISLAMABAD: The Inland Revenue tax officials are allegedly committing the worst kind of harassment by issuing illegal...

Published 08 Jun, 2024 07:00am

Money & Banking

China’s yuan steady

SHANGHAI: China’s yuan remained largely steady on Friday, while the dollar hovered close to an eight-week low on...

Published 08 Jun, 2024 07:00am

Money & Banking

US dollar rallies after jobs report

NEW YORK: The US dollar jumped on Friday after data showed the world’s largest economy created a lot more jobs ...

Published 08 Jun, 2024 07:00am

Money & Banking

Indian rupee ends higher

MUMBAI: The Indian rupee closed stronger on Friday, lifted by dollar sales from local corporates and an uptick in...

Published 08 Jun, 2024 07:00am

Industry

Port Qasim Industrial Zone: Minister assures promoting business-friendly environment

KARACHI: Qaiser Ahmed Sheikh, Federal Minister for Maritime Affairs visited Bin Qasim Association of Trade and...

Published 08 Jun, 2024 07:00am

Industry

KCCI lauds status of industry to warehouses & logistics

KARACHI: President Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Sheikh has appreciated the...

Published 08 Jun, 2024 07:00am

Industry

Acting Governor Punjab meets envoy: ‘Turkiye determined to increase volume of bilateral trade’

LAHORE: Acting Governor Punjab Malik Muhammad Ahmad Khan met the Ambassador of Turkiye, Dr Mehmet Pacaci, at the...

Published 08 Jun, 2024 07:00am

Companies

Adamjee Ins introduces crop insurance solution for farmers

LAHORE: Pakistan’s insurance leader, Adamjee Insurance, unveils a groundbreaking crop insurance solution, Adamjee...

Published 08 Jun, 2024 07:00am

Companies

First SPS franchise in Pakistan opened

KARACHI: Syngenta Pakistan has launched first-ever franchise in the country, which will cater to the urban consumer...

Published 08 Jun, 2024 07:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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