News Archives for Print - 2024-06-10

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Print - 2024-06-10

Pakistan

National Day of Italy celebrated in Karachi

KARACHI: The National Day of Italy was celebrated by the Consulate of Italy in Karachi at a local hotel. Governor...

Published 10 Jun, 2024 07:51am

Pakistan

Eid-ul-Azha holidays: Drive against transporters charging excess fares begins

KARACHI: A campaign against transporters and transport operators charging extra fares will begin on Monday (today) ...

Published 10 Jun, 2024 07:49am

Pakistan

Legendary voice of Radio Pakistan, Urdu newscaster Taskeen Zafar dies

ISLAMABAD: Legendary voice of Radio Pakistan, Urdu newscaster Taskeen Zafar passed away in Rawalpindi on Sunday ...

Published 10 Jun, 2024 07:49am

Pakistan

Minister directs police to implement Eid-ul-Azha security plan

KARACHI: Home Minister Sindh, Ziaul Hassan Lanjar, has issued directives to the Sindh Police to ensure the...

Published 10 Jun, 2024 07:39am

Pakistan

Zubair, PML-N come to a parting of the ways

KARACHI: In an unexpected development, former Sindh governor Muhammad Zubair parted ways with the ruling Pakistan...

Published 10 Jun, 2024 07:38am

Europe

Russia appears to make headway in key Ukrainian town of Chasiv Yar

MOSCOW: Russian forces appear to be making headway towards their longstanding goal of capturing the strategic...

Published 10 Jun, 2024 07:36am

World

Trump rallies in critical state of Nevada during heatwave

LAS VEGAS: Republican presidential candidate Donald Trump will hold an outdoor rally in sweltering Las Vegas on...

Published 10 Jun, 2024 07:36am

South Asia

Gunmen attack Hindu pilgrim bus in IIOJK; nine killed

OCCUPIED SRINAGAR: Gunmen ambushed a bus carrying Hindu pilgrims in Illegally Indian Occupied Jammu and Kashmir...

Published 10 Jun, 2024 07:36am

Europe

Macron calls snap legislative elections after EU poll blow

PARIS: French President Emmanuel Macron on Sunday announced he was dissolving parliament and called snap legislative...

Published 10 Jun, 2024 07:36am

Europe

British TV presenter Mosley found dead on Greek island

ATHENS/SYMI, (Greece): British TV presenter and healthy living advocate Michael Mosley has been found dead in a ...

Published 10 Jun, 2024 06:52am

Pakistan

The Weather

KARACHI: The weather report on Sunday (June 09, 2024) and the forecast for Monday (June 10, 2024)....

Published 10 Jun, 2024 06:52am

Pakistan

SSUET takes part in ‘News Education Expo 2024’

KARACHI: Sir Syed University of Engineering & Technology (SSUET) took part in the News Education Expo 2024 held...

Published 10 Jun, 2024 06:52am

Pakistan

ACs, Mukhtiarkars directed to inspect pumping stations ahead of rains

HYDERABAD: Due to the high alert for rain and thunderstorms, the Deputy Commissioner of Hyderabad, Zain-ul-Abideen...

Published 10 Jun, 2024 06:52am

Pakistan

FBR: CA firm seeks details of rented buildings

ISLAMABAD: A chartered accountant firm has approached chairman Federal Board of Revenue (FBR) seeking details of...

Published 10 Jun, 2024 06:52am

Europe

Millions join EU vote finale as far right eyes gains

BRUSSELS: Tens of millions of voters from Vilnius to Madrid were casting ballots Sunday on the final day of ...

Published 10 Jun, 2024 06:52am

Technology

Banks say growing reliance on Big Tech for AI carries new risks

AMSTERDAM: The boom in artificial intelligence will increase banks’ dependence on big US tech firms, creating new...

Published 10 Jun, 2024 06:52am

World

Oceanic ‘peace’ pact signed in Costa Rica ahead of 2025 UN talks

SAN JOSÉ: Over two dozen countries signed a wishful “declaration of peace with the ocean” on Saturday in Costa...

Published 10 Jun, 2024 06:52am

Middle East

Iran approves six candidates to run for president

DUBAI: Iran’s Guardian Council, which oversees elections and legislation, has approved six candidates to run for...

Published 10 Jun, 2024 06:52am

Middle East

Israeli centrist minister Gantz quits Netanyahu govt

OCCUPIED JERUSALEM: Israeli minister Benny Gantz announced his resignation from Prime Minister Benjamin ...

Published 10 Jun, 2024 06:52am

Opinion

Policy rate decision ahead of budget presentation

State Bank of Pakistan (SBP) will be making its monetary policy public today. As May inflation has already dropped...

Updated 10 Jun, 2024 08:06am

Opinion

The plight of exporters

Most textile and apparel exporters operate on razor-thin margins, where pricing differentials are in US cents and...

Updated 10 Jun, 2024 07:58am

Letters

Shift of R&D to Asia, and so does the power…

R&D and publication of research papers are the lifeblood of a nation’s prosperity. By fostering innovation,...

Published 10 Jun, 2024 06:52am

Opinion

Equitable taxation: a precondition for meaningful economic reform

Negotiations with the IMF on the next programme are ongoing, with budget formation being an integral part of the...

Updated 10 Jun, 2024 08:18am

Opinion

Budget: inflation must be top priority

Inflation is pushing an ever increasing number below the poverty line (currently estimated at 40 percent comparable...

Updated 10 Jun, 2024 08:13am

Pakistan

Sindh govt issues monsoon alert

KARACHI: Sindh government issued a monsoon alert on Sunday. According to the report, Provincial Minister for...

Published 10 Jun, 2024 06:52am

Pakistan

PUC chairman Ashrafi backs fatwa on Hajj regulations

ISLAMABAD: Pakistan Ulema Council (PUC) Chairman, Hafiz Muhammad Tahir Mehmood Ashrafi on Sunday underscored the...

Published 10 Jun, 2024 06:52am

Pakistan

Security of churches: Punjab Police put on high alert

LAHORE: Punjab Police have been put on high alert and ordered to enhance security measures around churches across ...

Published 10 Jun, 2024 06:52am

Pakistan

Pakistan’s first Shariah-Compliant human milk bank launched at SICHN

ISLAMABAD: Executive Director of the Sindh Institute of Child Health and Neonatology (SICHN), Prof. Jamal Raza on...

Published 10 Jun, 2024 06:52am

Pakistan

Captain among 7 soldiers martyred

ISLAMABAD: Seven Pakistan army soldiers including a captain were martyred when their vehicle hit an improvised...

Published 10 Jun, 2024 06:52am

Pakistan

PTI to challenge Punjab Defamation Act 2024

LAHORE: The Pakistan Tehreek-e-Insaf (PTI) on Sunday decided to challenge the Punjab Defamation Act 2024 in court....

Published 10 Jun, 2024 06:52am

Pakistan

Hammad, others booked for delivering anti-govt speeches

HAFIZABAD: PTI leader Hammad Azhar and 45 other party leaders have been booked in case pertaining to speeches ...

Published 10 Jun, 2024 06:52am

Pakistan

Maryam greets PM on successful China visit

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif congratulated Prime Minister Shehbaz Sharif on undertaking a...

Published 10 Jun, 2024 06:52am

Pakistan

JI describes Punjab defamation law as ‘black law’

KARACHI: Jamaat-e-Islami (JI) has strongly rejected the newly passed defamation law, calling it a “black law”...

Published 10 Jun, 2024 06:52am

Pakistan

VCs’ appointment: Kundi assails KP govt

ISLAMABAD: Governor Khyber Pakhtunkhwa on Sunday said that the provincial government lied with the Supreme Court ...

Published 10 Jun, 2024 06:52am

Pakistan

Construction of 2.1m houses for flood-hit people begins: CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that Sindh government has started construction of 2.1...

Published 10 Jun, 2024 06:52am

Taxes

IHC refers case to FBR chairman on IRIS system glitches

ISLAMABAD: Islamabad High Court (IHC) has referred a case to chairman Federal Board of Revenue (FBR), to address the...

Published 10 Jun, 2024 06:52am

Pakistan

Local refineries urge PR to use domestic diesel

ISLAMABAD: The Pakistan Railways (PR) is said to have refused to use locally produced diesel in it’s engines...

Published 10 Jun, 2024 06:52am

Pakistan

100 camels to be sacrificed at Governor’s House

KARACHI: The Sindh Governor Mohammed Kamran Khan Tessori on Sunday said that 100 camels would be sacrificed on...

Published 10 Jun, 2024 06:52am

Pakistan

PM’s statement against tobacco consumption lauded

ISLAMABAD: Anti-tobacco and health activists across the country have welcomed Prime Minister Shehbaz Sharif’s...

Published 10 Jun, 2024 06:52am

Rates

Less than modest gains

KARACHI: The rupee strengthened marginally during the previous week as it gained Re0.13 or 0.04% against the US...

Published 10 Jun, 2024 06:52am

Stocks

Wall Street Week Ahead: Inflation, Fed meeting to give clues for US market direction

NEW YORK: Investors will closely watch next week’s inflation numbers and Federal Reserve meeting for clues on...

Published 10 Jun, 2024 06:52am

Stocks

Saudi leads as Gulf bourses end higher

DUBAI: Most stock markets in the Gulf ended higher on Sunday, with the Saudi index hitting a near one-year high on...

Published 10 Jun, 2024 06:52am

Stocks

US Treasuries: Yields jump as job growth surges, wage gains accelerate in May

NEW YORK: Benchmark 10-year US Treasury yields posted their biggest daily jump in two months on Friday after data...

Published 10 Jun, 2024 06:52am

Stocks

Indian stocks recover

BENGALURU: Indian benchmarks closed at record highs on Friday, erasing election-day-related losses, on domestic...

Published 10 Jun, 2024 06:52am

Pakistan

Workers’ rally demands govt raise minimum wage to Rs50,000

KARACHI: The National Trade Union Federation (NTUF) Pakistan, the Home Based Women Workers Federation (HBWWF), and...

Published 10 Jun, 2024 06:52am

Rates

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Sunday (June 09,...

Published 10 Jun, 2024 06:52am

Energy

LESCO decides to ban three-phase meters for consumers

LAHORE: Lahore Electric Supply Company (LESCO) has decided to ban three-phase meters for all consumers, according to...

Published 10 Jun, 2024 06:52am

Money & Banking

Fed may remain on pause and pare back rate cut expectations

WASHINGTON: The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the...

Published 10 Jun, 2024 06:52am

Energy

Aramco says foreigners grab ‘majority’ of share offering

RIYADH: Oil giant Saudi Aramco said Sunday that international investors had snatched up the bulk of shares sold in...

Published 10 Jun, 2024 06:52am

Business & Finance

China’s exports rise solidly, but slower imports temper outlook

BEIJING: China’s exports grew more quickly and for a second month in May, suggesting factory owners are managing ...

Published 10 Jun, 2024 06:52am

Peshawar: prices of essential food items remain almost unchanged

PESHAWAR: Prices of essential food commodities, like live chicken/meat, flour vegetables, pulses, farm eggs and...

Updated 10 Jun, 2024 09:03am

Editorials

Improving business confidence

EDITORIAL: It’s welcome news, of course, that the 25th wave of the Business Confidence Index (BCI) conducted by ...

Updated 10 Jun, 2024 08:02am

Editorials

Export growth

EDITORIAL: The unstated economic policy is to keep the current account deficit close to zero. For that, the trade...

Updated 10 Jun, 2024 08:00am

Cotton & Textile

Weekly Cotton Review: Prices firm amid limited supply

KARACHI: The cotton price remained stable during the previous week. The difference between demand and supply is...

Published 10 Jun, 2024 06:52am

Energy

Secretary Energy KP visits flood-hit power station

PESHAWAR: Secretary Energy and Power, Khyber Pakhtunkhwa, Nisar Ahmad Khan paid an emergency visit to Daral Khawar...

Published 10 Jun, 2024 06:52am

US, KSA close to finalising draft security treaty

WASHINGTON: The Biden administration is close to finalizing a treaty with Saudi Arabia that would commit the US to...

Updated 10 Jun, 2024 08:41am

Rates

PSX remains highly volatile

KARACHI: Pakistan Stock Exchange remained highly volatile during the outgoing week ended on June 07, 2024 on ...

Published 10 Jun, 2024 06:52am

NEC to approve development plan, growth target today

ISLAMABAD: The National Economic Council (NEC) meeting has been convened today (Monday) to consider and approve...

Updated 10 Jun, 2024 09:23am

Rates

Futures spread up 705bps

KARACHI: The futures spread increased by 705bps to 12.27 percent on the last day of the outgoing week. Trading...

Published 10 Jun, 2024 06:52am

5-year plan to be submitted to NEC

ISLAMABAD: The government has reportedly prepared five-year (2024-2029) plan, which would be submitted to the...

Updated 10 Jun, 2024 09:02am

Business & Finance

Budget: Rs65.6bn proposed for Suparco

ISLAMABAD: The government of Pakistan has proposed allocating Rs 65.617 billion for Space and Upper Atmosphere...

Updated 10 Jun, 2024 09:20am

Mining, oil and gas: Pakistan, China agree to strengthen cooperation

BEIJING: China and Pakistan have agreed to boost mining cooperation and promote the implementation of a pact on...

Updated 10 Jun, 2024 09:21am

Business & Finance

Rise in tax on import of cell phones likely

ISLAMABAD: The government is likely to increase duties and taxes on the commercial import of mobile phones in CKD/...

Updated 10 Jun, 2024 08:39am

Iesco issues list of govt sector defaulters

ISLAMABAD: Islamabad Electric Supply Company (Iesco) has issued list of Ministries/ Organisations/Departments, which...

Updated 10 Jun, 2024 09:19am

KE issues stern warning to Sindh govt over dues

ISLAMABAD: Karachi Electric (KE) has warned the federal and Sindh governments of massive power breakdowns and...

Updated 10 Jun, 2024 11:14am

Massive installation of solar systems: Govt facing an impossible situation?

Bureaucracy portrays solarisation as catastrophic for the country’s existing power sector

Updated 10 Jun, 2024 11:13am

Money & Banking

Sterling set for fourth weekly rally ahead of US payrolls

LONDON: The pound was headed for a fourth consecutive weekly gain against the dollar on Friday, its longest rally...

Published 10 Jun, 2024 06:52am

Money & Banking

Australia, NZ dlrs firmer

SYDNEY: The Australian and New Zealand dollars were looking to end the week on firm footing on Friday as interest...

Published 10 Jun, 2024 06:52am

Budget to protect salaried, low-income classes: govt

ISLAMABAD: Minister of State for Finance, Revenue, and Power Division, Ali Pervaiz Malik, said on Sunday that the...

Updated 10 Jun, 2024 08:40am

Industry

Purchase of tractors: Paapam lauds Punjab govt’s planned package for farmers

LAHORE: Paapam has welcomed news in the media regarding subsidies to be offered to the farmers for the purchase of...

Published 10 Jun, 2024 06:52am

Agriculture and Allied

BF leader urges govt to allow export of wheat products

PESHAWAR: Businessman Forum leader and former Senator Ilyas Ahmad Bilour urged the government to allow export of...

Published 10 Jun, 2024 06:52am

Industry

MCCI chief opposes Tajir Dost Scheme

PESHAWAR: Provincial General Secretary of the central traders’ organisation and the President of the Mardan ...

Published 10 Jun, 2024 06:52am

Industry

FCCI rolls out ‘Cyberabad’ project

FAISALABAD: Faisalabad Chamber of Commerce & Industry (FCCI) has rolled out its ambitious, revolutionary and...

Published 10 Jun, 2024 06:52am

Business & Finance

Businessmen praise SECDIV’s, Ministry’s initiatives

PESHAWAR: Members of the business community praised initiatives of Strategic Export Control Division (SECDIV),...

Published 10 Jun, 2024 06:52am

Industry

Chinese textile group keen to develop textile factory: minister

ISLAMABAD: Minister for Commerce, Jam Kamal Khan said on Sunday that a textile group has shown interest in ...

Published 10 Jun, 2024 06:52am

Business & Finance

PM’s visit boosts Pak-China relations: top Chinese firms

BEIJING: Chinese companies operating in Pakistan expect better opportunities for the second phase of the...

Published 10 Jun, 2024 06:52am

Business & Finance

Speakers at seminar analyse KP budget

PESHAWAR: Participants of a seminar analyzed in detail the Khyber Pakhtunkhwa budget for upcoming financial near...

Published 10 Jun, 2024 06:52am

Industry

HCSTSI president urges Sindh CM to establish modern burns centre

HYDERABAD: In a significant appeal to Sindh Chief Minister Syed Murad Ali Shah, Muhammad Farooq Shaikhani, President...

Published 10 Jun, 2024 06:52am

Money & Banking

Mexican peso falls

MEXICO CITY: Mexico’s peso weakened on Friday, as the outgoing president vigorously reiterated his call for a...

Published 10 Jun, 2024 06:52am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 19	281.52
USD PKR Interbank Buying / Sep 19	281.27
USD to Japanese Yen / Sep 19	147.95
USD to Swiss Franc / Sep 19	0.80
Pound Sterling to USD / Sep 19	1.35
Euro to USD / Sep 19	1.17
UK LIBOR % / Sep 19	4.96

Stock	Volume
S&P 500 / Sep 19	6,664.36
India Sensex / Sep 19	82,626.23
Tokyo Nikkei / Sep 19	45,045.81
Nasdaq / Sep 19	22,631.48
Hang Seng / Sep 19	26,545.10
FTSE 100 / Sep 19	9,216.67
Dow Jones / Sep 19	46,315.27
Germany DAX 30 / Sep 19	23,639.41
France CAC40 / Sep 19	7,853.59

Item	Value
Crude Oil USD/Barrel / Sep 19	63.68
Karachi Cotton PKR/37.32 KG / Sep 19	15,580
Gold 10 Grams PKR / Sep 19	332,218
Gold Spot USD/Ounce / Sep 19	3,685.30
Cotton US¢/pound / Sep 19	66.29
Petrol/Litre / Sep 23	264.61
Diesel/Litre / Sep 23	272.77

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / Sep 19 Crescent Star Insurance Limited(CSIL)	6.37 ▲ 1 (18.62%)
First Punjab Modaraba / Sep 19 First Punjab Modaraba(FPJM)	7.35 ▲ 0.77 (11.7%)
D.S. Ind. Ltd. / Sep 19 D.S. Industries Limited(DSIL)	10.18 ▲ 1 (10.89%)
B.O.Punjab / Sep 19 The Bank of Punjab(BOP)	26.27 ▲ 2.39 (10.01%)
Metro Steel / Sep 19 Metropolitan Steel Corporation Limited(MSCL)	18.68 ▲ 1.7 (10.01%)
At-Tahur Ltd. / Sep 19 At-Tahur Limited(PREMA)	48.13 ▲ 4.38 (10.01%)
Tariq Corporation / Sep 19 Tariq Corporation Limited(TCORP)	18.91 ▲ 1.72 (10.01%)
Crescent Cotton / Sep 19 Crescent Cotton Mills Limited(CCM)	61.78 ▲ 5.62 (10.01%)
Calcorp Ltd / Sep 19 Calcorp Limited(CASH)	45.94 ▲ 4.18 (10.01%)
Beco Steel Ltd / Sep 19 Beco Steel Limited(BECO)	28.92 ▲ 2.63 (10%)

Stock	Price
Media Times Ltd / Sep 19 Media Times Limited(MDTL)	5.35 ▼ -0.63 (-10.54%)
Idrees Tex. / Sep 19 Idrees Textile Mills Limited(IDRT)	26.46 ▼ -2.94 (-10%)
J.K.Spinning / Sep 19 J.K. Spinning Mills Limited(JKSM)	247.10 ▼ -27.46 (-10%)
First Elite Cap.Mod / Sep 19 First Elite Capital Modaraba(FECM)	33.80 ▼ -3.75 (-9.99%)
F. Nat.Equities / Sep 19 First National Equities Limited(FNEL)	8.55 ▼ -0.91 (-9.62%)
First AL-Noor Mod. / Sep 19 First Al-Noor Modaraba(FANM)	6.25 ▼ -0.62 (-9.02%)
Universal Ins. / Sep 19 The Universal Insurance Company Limited(UVIC)	32.50 ▼ -3.21 (-8.99%)
Reliance Weaving / Sep 19 Reliance Weaving Mills Limited(REWM)	105.19 ▼ -9.18 (-8.03%)
Olympia Mills / Sep 19 Olympia Mills Limited(OML)	36.50 ▼ -3.05 (-7.71%)
Wasl Mobility Mod. / Sep 19 Wasl Mobility Modaraba(WASL)	6.09 ▼ -0.5 (-7.59%)

Stock	Volume
Cnergyico PK / Sep 19 Cnergyico PK Limited(CNERGY)	169,773,055 ▼ -0.34
B.O.Punjab / Sep 19 The Bank of Punjab(BOP)	165,854,902 ▲ 2.39
WorldCall Telecom / Sep 19 Worldcall Telecom Limited(WTL)	162,011,397 ▼ -0.11
Pak Int.Bulk / Sep 19 Pakistan International Bulk Terminal(PIBTL)	135,091,867 ▲ 0.51
K-Electric Ltd. / Sep 19 K-Electric Limited(KEL)	94,275,609 ▲ 0.02
Bank Makramah / Sep 19 Bank Makramah Limited(BML)	89,879,525 ▲ 0.65
P.T.C.L. / Sep 19 Pakistan Telecommunication Company Ltd(PTC)	77,889,542 ▲ 1.6
Fauji Foods Ltd / Sep 19 Fauji Foods Limited(FFL)	74,618,668 ▲ 0.09
Telecard Limited / Sep 19 Telecard Limited(TELE)	66,954,977 ▼ -0.23
Kohinoor Spinning / Sep 19 Kohinoor Spinning Mills Limited(KOSM)	58,032,740 ▼ -0.21

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