News Archives for Print - 2024-06-10

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Print - 2024-06-10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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’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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
FTSE 100 / Jan 20	8,520.54
Germany DAX 30 / Jan 20	20,990.31
France CAC40 / Jan 20	7,733.50
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	77.59 ▲ 7.05 (9.99%)
Shadman Cotton / Jan 21 Shadman Cotton Mills Limited(SHCM)	31.82 ▲ 2.89 (9.99%)
F.Credit & Inv / Jan 21 First Credit and Investment Bank Limited(FCIBL)	8.20 ▲ 0.74 (9.92%)
Popular Islamic / Jan 21 Popular Islamic Modaraba(PIM)	12.67 ▲ 1.14 (9.89%)

Stock	Price
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	22.51 ▼ -2.48 (-9.92%)
Fateh Sports / Jan 21 Fateh Sports Wear Limited(FSWL)	72.50 ▼ -6.07 (-7.73%)
Kohat Textile / Jan 21 Kohat Textile Mills Limited(KOHTM)	32.32 ▼ -2.58 (-7.39%)
Punjab Oil / Jan 21 Punjab Oil Mills Limited(POML)	147 ▼ -11.02 (-6.97%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9.15 ▼ -0.66 (-6.73%)
Parmount Sp. / Jan 21 Paramount Spinning Mills Limited(PASM)	4.30 ▼ -0.31 (-6.72%)
Suhail Jute / Jan 21 Suhail Jute Mills Limited(SUHJ)	106 ▼ -7.47 (-6.58%)
GOC (Pak) / Jan 21 GOC (Pak) Limited.(GOC)	64.99 ▼ -4.10 (-5.93%)
Prosperity Weav / Jan 21 Prosperity Weaving Mills Limited(PRWM)	35 ▼ -2.00 (-5.41%)

Stock	Volume
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.07
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	57,800,421 ▲ 0.32
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	56,891,848 ▼ -0.02
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	36,214,082 ▲ 1.69
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	27,351,952 ▲ 0.33
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.15
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -1.34
Hub Power Co. / Jan 21 The Hub Power Company Limited(HUBC)	21,405,956 ▼ -2.79
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	19,827,701 ▲ 2.84

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