News Archives for Print - 2024-06-11

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Print - 2024-06-11

President’s Trophy Grade-II final: OGDCL needs 162 more runs for victory

LAHORE: Oil and Gas Development Company Limited (OGDCL) require 162 more runs to win the President’s Trophy...

Published 11 Jun, 2024 03:17am

Commodities

Gold prices remain unchanged

KARACHI: The local gold and silver prices remained steady with the global bullion value unchanged, traders said. ...

Published 11 Jun, 2024 03:17am

MENA

Elevate looks to utilise Dubai’s competitive edge as it resolves Pak freelancers’ payments woes

Elevate, the fintech that recently secured financing of $5 million with the aim to expand further into South Asia,...

Published 11 Jun, 2024 03:17am

PTA all set to impose fee for processing, issuance of CoC

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) is all set to impose application/processing administrative...

Published 11 Jun, 2024 03:17am

Air pollution linked to 135m premature deaths: study

SINGAPORE: Pollution from man-made emissions and other sources like wildfires have been linked to around 135 million...

Published 11 Jun, 2024 03:17am

USA

Banned Chinese supplier: US Senate panel expands probe into BMW use of parts

WASHINGTON: The chair of the Senate Finance Committee said on Monday he was expanding its probe into German...

Published 11 Jun, 2024 03:17am

Gunmen ambush minister’s security team in India’s Manipur state, 2 wounded

GUWAHATI, (India): Armed men ambushed a convoy carrying the security team of the chief minister of India’s troubled...

Published 11 Jun, 2024 03:17am

JPMorgan hires new chief technology officer: memo

NEW YORK: JPMorgan Chase hired former PayPal executive Sri Shivananda as its new chief technology officer (CTO), the...

Published 11 Jun, 2024 03:17am

US unveils new task force aimed at cracking down on illicit e-cigarettes

WASHINGTON: The US Justice Department and the Food and Drug Administration on Monday launched a new task force that...

Published 11 Jun, 2024 03:17am

South Asia

Tighter asylum deportation rules take effect in Japan

TOKYO: Japanese laws making it easier for the country to deport failed asylum seekers took effect Monday, with...

Published 11 Jun, 2024 03:17am

Letters

‘Dr Alvi’s 7 points’

This is apropos to a Letter to the Editor by this writer titled “Dr Alvi’s 7 points’ carried by the newspaper...

Published 11 Jun, 2024 03:17am

Punjab govt didn’t take its allies into confidence on budget: PPP

LAHORE: General Secretary Pakistan Peoples Party Central Punjab Syed Hassan Murtaza on Monday expressed his ...

Published 11 Jun, 2024 03:17am

Rs180.284bn allocated for 104 projects under PSDP

ISLAMABAD: The government has allocated Rs180.284 billion for 104 projects under the Public Sector Development...

Published 11 Jun, 2024 03:17am

NA passes four bills amid opposition protest

ISLAMABAD: The National Assembly, Monday, passed four bills including “The Pakistan Broadcasting Corporation...

Published 11 Jun, 2024 03:17am

Corporate farming

Corporate farming is a term that is used to describe an agricultural operation that involves the production of food...

Published 11 Jun, 2024 03:17am

The tide is turning

The Indian elections are an indicator of the fact that Narendra Modi and the Bharatiya Janata Party’s (BJP’s) hubris...

Published 11 Jun, 2024 03:17am

Big fall in the rate of inflation

The Pakistan Bureau of Statistics (PBS) has come up with a very pleasant surprise. The year-to-year rate of...

Published 11 Jun, 2024 03:17am

Stocks

Gulf markets end mixed

DUBAI: Stock markets in the Gulf put a mixed performance on Monday amid rising oil prices, while strong US jobs data...

Published 11 Jun, 2024 03:17am

Stocks

Wall St cautious ahead of key inflation data

NEW YORK: The S&P 500 and the Nasdaq turned higher, while the Dow was flat on Monday as investors remained wary...

Published 11 Jun, 2024 03:17am

Stocks

Nikkei higher led by financials, export shares

TOKYO: Japan’s Nikkei share average closed higher on Monday as export-related stocks gained on a weaker yen...

Published 11 Jun, 2024 03:17am

Stocks

European STOXX 600 falls as French stocks roiled by political uncertainty

BENGALURU: European stocks dropped on Monday after French President Emmanuel Macron called a snap election following...

Published 11 Jun, 2024 03:17am

Stocks

Indian shares slip after election results rally, IT weighs

BENGALURU: Indian shares ended lower on Monday, weighed down by IT stocks on US rate cut concerns, easing from ...

Published 11 Jun, 2024 03:17am

Energy

Sindh energy minister chairs meeting on Sepra legislation, promises cheaper electricity

KARACHI: Sindh Provincial Energy Minister Syed Nasir Hussain Shah has said that Sindh Electric Power Regulatory...

Published 11 Jun, 2024 03:17am

PARTLY FACETIOUS: ‘What did Naqvi have to say about the ignominious defeat to the US?’

“The Pope hath spoken.” “I wasn’t aware he has said anything lately. Oh, you mean what he said this Friday...

Published 11 Jun, 2024 03:17am

KPT celebrates World Ocean Day

KARACHI: Karachi Port Trust commemorated World Ocean Day with a special ceremony with an aim to highlight marine...

Published 11 Jun, 2024 03:17am

Rs10m cheque presented to Gadani’s heir: Sindh senior minister distances PPP from Punjab defamation law

KARACHI: Sindh Senior Minister and Provincial Minister for Information, Transport, Mass Transit, Excise, Taxation,...

Published 11 Jun, 2024 03:17am

The Weather

KARACHI: The weather report on Monday (June 10, 2024) and the forecast for Tuesday (June 11, 2024)...

Published 11 Jun, 2024 03:17am

PFA discards 6,000kg of decomposed tea leaves

LAHORE: The Punjab Food Authority (PFA) on Monday discarded 6,000kg of adulterated tea leaves and 10,000kg of husk...

Published 11 Jun, 2024 03:17am

Pakistan, India leaders resort to X diplomacy

ISLAMABAD: India and Pakistan’s leaders resorted to diplomacy via X on Monday, a day after Narendra Modi was sworn...

Published 11 Jun, 2024 03:17am

First foundational learning policy launched: School kids under federal territories to acquire skills by 2030

ISLAMABAD: The Ministry of Federal Education and Professional Training (MoFEPT) launched the first Federal...

Published 11 Jun, 2024 03:17am

UK HC, Ahsan discuss Vision 2025 initiative

ISLAMABAD: British High Commissioner in Pakistan Jane Marriott met with Federal Minister for Planning, Development,...

Published 11 Jun, 2024 03:17am

Raid at residence of Shibli Faraz: Treasury and opposition join hands in condemnation

ISLAMABAD: Senators from both sides of the aisle; treasury and opposition, Monday, joined hands in their ...

Published 11 Jun, 2024 03:17am

Political prisoners: Rashid urges COAS to announce ‘general amnesty’

ISLAMABAD: Awami Muslim League (AML) chief Sheikh Rashid has urged Chief of Army Staff General Asim Munir to ...

Published 11 Jun, 2024 03:17am

Maryam on nerves of PTI due to better performance: minister

LAHORE: Provincial Minister for Information & Culture Punjab Azma Zahid Bokhari has said that Maryam Nawaz ...

Published 11 Jun, 2024 03:17am

FGEHA reviews infrastructure development issues

ISLAMABAD: The Federal Government Employees Housing Authority (FGEHA) meeting held under chair of Director General...

Published 11 Jun, 2024 03:17am

Dar to attend Jordan conference on Gaza

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar will lead Pakistan to the two-day high-level...

Published 11 Jun, 2024 03:17am

PM’s China visit a big success, says Tarar

ISLAMABAD: Federal Information Minister Attaullah Tarar affirmed Prime Minister Shehbaz Sharif’s recent visit to...

Published 11 Jun, 2024 03:17am

APNS holidays

KARACHI: Member publications of the APNS will observe two closed holidays on account of Eid-ul-Azha on Monday, June...

Published 11 Jun, 2024 03:17am

Student missing from KP: IHC orders govt to pay Rs3m in compensation to father

ISLAMABAD: The Islamabad High Court (IHC) on Monday ordered the federal government to pay Rs3 million in ...

Published 11 Jun, 2024 03:17am

Punjab Assembly passes Punjab Civil Servants (Amendment) Bill 2024

LAHORE: Despite opposition’s protest Punjab Assembly on Monday passed Punjab Civil Servants (Amendment) Bill 2024,...

Published 11 Jun, 2024 03:17am

LHC seeks replies from NAB, FIA on IK’s plea

LAHORE: The Lahore High Court on Monday allowed another opportunity to the National Accountability Bureau (NAB) and...

Published 11 Jun, 2024 03:17am

IED attack in KP: PM attends funeral of martyred captain

LAHORE: Prime Minister Shehbaz Sharif on Monday attended Namaz-e-Janaza of Shaheed Captain Faraz Ilyas in Kasur who...

Published 11 Jun, 2024 03:17am

Punjab’s proposed new law: Govt to monitor master plan of commercial projects: minister

LAHORE: The Punjab government would legislate a law to monitor the master plan of commercial projects; under the...

Published 11 Jun, 2024 03:17am

Rates

Shipping activity at Port Qasim

KARACHI: Shipping activity was report at the port where two ships, SSL Brahmaputra and Umm Babcarrying Container and...

Published 11 Jun, 2024 03:17am

Rates

PSX remains under pressure

KARACHI: Pakistan Stock Exchange remained under pressure and closed in negative zone amid pre-budget uncertainty and...

Published 11 Jun, 2024 03:17am

Energy

UBG opposes significant increase in power tariffs by KE

KARACHI: leaders of the United Business Group (UBG), including Chief Petron S.M. Tanveer, President Zubair Tufail,...

Published 11 Jun, 2024 03:17am

Energy

Glencore to supply crude to UK’s Lindsey oil refinery

LONDON: Global commodities trader Glencore has won a tender to supply crude oil to Prax’s 113,000-barrel per day...

Published 11 Jun, 2024 03:17am

Stocks

Euro tumbles as Macron calls snap French election

NEW YORK: The euro fell sharply on Monday after gains by the far right in European Parliament elections on Sunday...

Published 11 Jun, 2024 03:17am

Commodities

China’s commodity imports are soft, even those that look strong

LAUNCESTON, (Australia): China’s imports of major commodities were either openly weak in May, such as the decline...

Published 11 Jun, 2024 03:17am

Energy

US natural gas futures jump

NEW YORK: US natural gas futures jumped about 5% to a fresh 21-week high on Monday as forecasts for hotter weather...

Published 11 Jun, 2024 03:17am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (June 10, 2024). ==================================== BR...

Published 11 Jun, 2024 03:17am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (June 10, 2024)...

Published 11 Jun, 2024 03:17am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 10, 2024)....

Published 11 Jun, 2024 03:17am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (June 10, 2024)....

Published 11 Jun, 2024 03:17am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (June 10, 2024). ======================== Open Bid Rs...

Published 11 Jun, 2024 03:17am

Forex

Open market rates of foreign currencies

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

Published 11 Jun, 2024 03:17am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (June 10, 2024). ========================== KIBOR...

Published 11 Jun, 2024 03:17am

Rates

LME official prices

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

Published 11 Jun, 2024 03:17am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 31.736...

Published 11 Jun, 2024 03:17am

Cotton & Textile

Prices steady on cotton market

LAHORE: The local cotton market on Monday remained steady and the trading volume remained low. According to Cotton...

Published 11 Jun, 2024 03:17am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (June 10, 2024)...

Published 11 Jun, 2024 03:17am

Commodities

Copper recovers from five-week lows

LONDON: Copper bounced from five-month lows on Monday as the focus shifted to demand potential after a sell-off...

Published 11 Jun, 2024 03:17am

Commodities

Malaysian palm oil falls on lower June exports estimates

SINGAPORE: Malaysian palm oil futures tracked Chicago soyoil lower on Monday, while lower estimations of Malaysian...

Published 11 Jun, 2024 03:17am

Commodities

Paris wheat falls on worry about Turkey’s import ban

HAMBURG/PARIS: European wheat dropped on Monday on concern about Turkey’s import ban weakening global demand, but...

Published 11 Jun, 2024 03:17am

Commodities

Gold stabilizes after Friday’s plunge

BENGALURU: Gold regained some ground on Monday following its biggest daily drop in three-and-a-half years in the ...

Published 11 Jun, 2024 03:17am

Commodities

Japan rubber futures range-bound

SINGAPORE: Japanese rubber futures were rangebound on Monday in muted trading as markets remained closed in key...

Published 11 Jun, 2024 03:17am

Commodities

Russian wheat export prices snap six-week rise

MOSCOW: Russian wheat export prices ended six weeks of gains to fall last week along with global markets following...

Published 11 Jun, 2024 03:17am

Commodities

Chicago wheat falls to trade near 5-week low

SINGAPORE: Chicago wheat lost more ground on Monday to trade near their lowest in five weeks as Turkey’s move to...

Published 11 Jun, 2024 03:17am

Taxes

Tax exemptions for steel, ghee units in Fata/Pata: Industries urge govt not to give any extension, threaten to shut down units

ISLAMABAD: Leading industries including steel and ghee/cooking oil have threatened to close down their factories...

Published 11 Jun, 2024 03:17am

Money & Banking

Silkbank reaffirms collaboration with Xpert Digital & Temenos

KARACHI: Silkbank, a prominent bank in Pakistan, reaffirmed its strategic relationship with Xpert Digital (XD), a...

Published 11 Jun, 2024 03:17am

Taxes

Long-term tax policy reforms recommended: Economists for flexible tariff system

ISLAMABAD: Economists while recommending long-term tax policy reforms have urged the government to introduce and...

Published 11 Jun, 2024 03:17am

Taxes

PRA enforces e-invoice monitoring system in restaurants

LAHORE: The Punjab Revenue Authority (PRA) has decided to ensure the installation of Electronic Invoice Monitoring...

Published 11 Jun, 2024 03:17am

Industry

LCCI appreciates cut in policy rate

LAHORE: The Lahore Chamber of Commerce and Industry has commended the State Bank of Pakistan’s (SBP) Monetary...

Published 11 Jun, 2024 03:17am

Industry

FPCCI terms policy rate cut ‘too little’

LAHORE: Atif Ikram Sheikh, President FPCCI, has said that the policy rate cut announced on Monday is too less, too...

Published 11 Jun, 2024 03:17am

Companies

PAC appoints Kazim Saeed as CEO

LAHORE: Pakistan Agricultural Coalition (PAC), a leading non-profit platform for the advancement of agriculture, has...

Published 11 Jun, 2024 03:17am

Mar 1-Apr 30 period: Rs3trn domestic, $433m foreign loans raised, NA told

ISLAMABAD: The National Assembly was informed on Monday that total amount of domestic loans raised during March 01,...

Published 11 Jun, 2024 03:17am

Money & Banking

HABIBMETRO partners with 1Link and Kuickpay

KARACHI: HABIBMETRO, 1Link and Kuickpay have entered into a tripartite agreement for bulk onboarding of online...

Published 11 Jun, 2024 03:17am

Shallow easing?

EDITORIAL: Monetary Policy Committee (MPC) in its scheduled meeting yesterday reduced the policy rate by 150 basis...

Published 11 Jun, 2024 03:17am

PM’s China visit ahead of FY2024-25 budget

EDITORIAL: Prime Minister Shehbaz Sharif-led delegation to China returned after a five-day visit and issued a press...

Published 11 Jun, 2024 03:17am

Money & Banking

Indian rupee lower on jump in US bond yields

MUMBAI: The Indian rupee ended weaker on Monday, weighed down by a rise in US bond yields, but likely intervention ...

Published 11 Jun, 2024 03:17am

Industry

Timber traders seek PM’s help for early release of containers

KARACHI: All Pakistan Timber Traders Association (APTTA) has sought the intervention of the Prime Minister to ...

Published 11 Jun, 2024 03:17am

Business community leader says 150bps rate cut ‘too little, too late’

KARACHI: Business and industrial community has termed the meagre reduction in interest rate a bit disappointing and...

Published 11 Jun, 2024 03:17am

Around 24 SOEs to be privatised in coming years

ISLAMABAD: Amid strong reservations by both treasury and opposition benches over a “flawed” privatisation...

Published 11 Jun, 2024 03:17am

Money & Banking

Prince Rahim Aga Khan inaugurates HBL MfB’s RHQ GB

GILGIT: HBL Microfinance Bank (HBL MfB) inaugurated its new Regional Headquarters for Gilgit Baltistan. The ceremony...

Published 11 Jun, 2024 03:17am

Companies

CDC, Salaam Family Takaful Ltd enter arrangement

KARACHI: Newly licensed by SECP, Pakistan’s first Digital Insurer Salaam Family Takaful Limited (SFTL) and Central...

Published 11 Jun, 2024 03:17am

Taxes

Glitch in IRIS portal: Taxpayers unable to submit applications

KARACHI: A glitch in the IRIS portal has made it impossible for the registered taxpayers to submit applications to...

Published 11 Jun, 2024 03:17am

Govt to allocate Rs418.8bn to hydel, water projects

ISLAMABAD: The federal government has decided to earmark Rs 418.8 billion for 58 hydel and water sector projects/...

Updated 11 Jun, 2024 09:16am

REAP proposes one-window tax system for exporters

KARACHI: Rice Exporters Association of Pakistan (REAP) has suggested One Window Tax System for exports aimed to ease...

Published 11 Jun, 2024 03:17am

Exporters reject ‘final, normal tax regimes’

KARACHI: The value-added textile exporters on Monday dismissed the proposed “imposition” of Final Tax and Normal Tax...

Updated 11 Jun, 2024 08:37am

July-March economic survey envisages 3.5pc growth

ISLAMABAD: Prime Minister Shehbaz Sharif-led coalition government is to unveil Economic Survey 2023-24 for nine...

Updated 11 Jun, 2024 08:39am

Solar PV panels: Duties on plant, machinery and raw material to go away

ISLAMABAD: The government is likely to remove duties on the import of plant, machinery, equipment and raw materials...

Updated 11 Jun, 2024 09:18am

Rs3.792trn development outlay approved

PM Shehbaz Sharif chairs meeting of the National Economic Council

Updated 11 Jun, 2024 09:34am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.02 ▲ 0.41 (15.71%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.70 ▲ 0.46 (14.2%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
S.G.Power / May 15 S.G. Power Limited(SGPL)	8.65 ▲ 0.94 (12.19%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.83 ▲ 0.63 (12.12%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)

Stock	Price
Olympia Mills / May 15 Olympia Mills Limited(OML)	50.47 ▼ -5.06 (-9.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.65 ▼ -2.64 (-9.01%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	10.04 ▼ -0.91 (-8.31%)
Askari Life Assur. / May 15 Askari Life Assurance Company Limited(ALAC)	4.63 ▼ -0.35 (-7.03%)
Imperial Limited / May 15 Imperial Limited(IML)	16.52 ▼ -1.23 (-6.93%)
B. F. Mod. / May 15 B.F. Modaraba(BFMOD)	8.73 ▼ -0.61 (-6.53%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186.82 ▼ -11.54 (-5.82%)
Equity Modaraba / May 15 First Equity Modaraba(FEM)	2.85 ▼ -0.16 (-5.32%)
Pakgen Power / May 15 Pakgen Power Limited(PKGP)	114.14 ▼ -6.39 (-5.3%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.34 ▼ -0.68 (-5.22%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	50,818,876 ▲ 2.68
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	47,570,881 ▲ 0.48
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	40,246,546 ▲ 0.16
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	32,888,417 ▲ 0.18
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,667,657 ▲ 4.48
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	25,344,612 ▲ 0.91
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,773,148 ▲ 0.29
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	16,962,449 ▲ 3.34
B.O.Punjab / May 15 The Bank of Punjab(BOP)	16,957,410 ▲ 0.15
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	16,572,822 ▲ 0.03

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