News Archives for Print - 2024-06-12

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Print - 2024-06-12

Canada’s capital rocked by treason allegations

OTTAWA: Canadian Prime Minister Justin Trudeau on Monday ceded to opposition pressure to expand a public inquiry ...

Published 12 Jun, 2024 06:51am

PM discusses proposed budget with President

ISLAMABAD: Prime Minister Shehbaz Sharif, Tuesday, called on President Asif Ali Zardari and discussed the upcoming...

Published 12 Jun, 2024 06:51am

President underscores need for ‘reasonable’ price of wheat

ISLAMABAD: President Asif Ali Zardari has called for providing a reasonable wheat price, making timely ...

Published 12 Jun, 2024 06:51am

IGP prisons, Superintendent Adiala Jail, Colonel: PTI will file petition, says Imran

ISLAMABAD: The incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman, Imran Khan, on Tuesday, said that the...

Published 12 Jun, 2024 06:51am

Asylum seekers will not get passports

ISLAMABAD: Pakistan will not issue passports to its citizens who have taken refuge abroad in a bid to get asylum in...

Published 12 Jun, 2024 06:51am

Eid-ul-Azha holidays

ISLAMABAD: The Cabinet Division has sent a summary on Tuesday to the Prime Minister’s Secretariat proposing the...

Published 12 Jun, 2024 06:51am

Foreign policy towards India‘Unilateral change’ not acceptable: PTI

ISLAMABAD: The beleaguered opposition Pakistan Tehreek-e-Insaf (PTI) on Tuesday said that any unilateral change in...

Published 12 Jun, 2024 06:51am

Tarar launches ceremony of National Security & Foreign Policy report

ISLAMABAD: Federal Information Minister Attaullah Tarar emphasized the priority of foreign policy in his address at...

Published 12 Jun, 2024 06:51am

Railways reduces fares by 25pc

ISLAMABAD: Pakistan Railways (PR) in a bid to facilitate commuters has announced to reduce fares by 25 percent for...

Published 12 Jun, 2024 06:51am

PTI rejects composition of standing committees

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI), Tuesday, rejected the composition of the standing committees in the upper...

Published 12 Jun, 2024 06:51am

Cabinet clears DNP Act: Paperless governance, digitisation of economy to be achieved

ISLAMABAD: The federal cabinet has given in-principle approval to the Digital Nation Pakistan Act 2024 in order to...

Published 12 Jun, 2024 06:51am

Pakistan, UK agree to continue working in all areas

ISLAMABAD: Pakistan and the United Kingdom have agreed to continue working towards further deepening and broadening...

Published 12 Jun, 2024 06:51am

Pakistan for immediate, unconditional ceasefire in Palestine

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar on Tuesday reiterated Pakistan’s strong and...

Published 12 Jun, 2024 06:51am

Budget preparation: No input taken from PPP: Marri

ISLAMABAD: The meeting of the parliamentary committee of the Pakistan Peoples Party was held Tuesday in the meeting...

Published 12 Jun, 2024 06:51am

Minister vows to provide better health facilities

LAHORE: Expressing his firm resolve to make 2024 as the year of operational improvement in government hospitals, the...

Published 12 Jun, 2024 06:51am

LCCI honoured with friendship award by Chinese CG

LAHORE: President of the Lahore Chamber of Commerce and Industry Kashif Anwar expressed his gratitude for the ...

Published 12 Jun, 2024 06:51am

Via video link: Issuance of production order for IK hinted

ISLAMABAD: A local court on Tuesday hinted at issuing an order for presenting Pakistan Tehreek-e-Insaf (PTI) ...

Published 12 Jun, 2024 06:51am

IK not offered any ‘deal’, says Gohar

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) chairman Barrister Gohar Ali Khan on Tuesday said that the jailed founding...

Published 12 Jun, 2024 06:51am

Climate activists demand G7 leaders to pay for climate finance

LAHORE: Activists from Pakistan Kissan Rabita Committee, Labour Education Committee and Crofter Foundation staged a...

Published 12 Jun, 2024 06:51am

Eid days: Central control room to monitor activities across Punjab

LAHORE: The Punjab Home Department has established a control room in the Civil Secretariat before the arrival of...

Published 12 Jun, 2024 06:51am

Bilal made Convener of National Parliamentary Taskforce on SDGs

ISLAMABAD: National Assembly of Pakistan Speaker Sardar Ayaz Sadiq has appointed Member National Assembly Bilal ...

Published 12 Jun, 2024 06:51am

Rs313.4bn disbursed among 9.4m BISP beneficiaries

ISLAMABAD: The Economic Survey 2023-2024 unveiled substantial financial commitments by the Government of Pakistan...

Published 12 Jun, 2024 06:51am

Cumulative education expenditures decline

ISLAMABAD: The cumulative education expenditures by federal and provincial governments declined as a percentage of...

Published 12 Jun, 2024 06:51am

Punjab to launch ‘Green Tractor’ scheme

LAHORE: The Punjab government is set to launch the “Green Tractor” scheme, aimed at providing farmers with ...

Published 12 Jun, 2024 06:51am

PARTLY FACETIOUS: ‘French President has forgotten how unpopular he is’

“So what do you mean by surgery?” “That’s rather a silly question. Surgery is when you have an operation and...

Published 12 Jun, 2024 06:51am

MQM moves resolution to bring stranded Pakistanis back from Bangladesh

KARACHI: The MQM on Tuesday moved a resolution to bring back Pakistanis being stranded in Bangladesh since the 1971...

Published 12 Jun, 2024 06:51am

Country goes from being water-stressed to water-scarce

ISLAMABAD: Pakistan is facing a shift from water-stressed to water-scarce status due to factors such as population...

Published 12 Jun, 2024 06:51am

Hearing of ‘Iddat case’: IHC questions reason behind judge’s recusal

ISLAMABAD: The Islamabad High Court (IHC) questioned the reason of a judge’s recusal from hearing the “Iddat...

Published 12 Jun, 2024 06:51am

‘Around half of Pakistani labour migrants are still categorised as low-skilled or unskilled’

LAHORE: The Pakistan Migration Report 2024, states that the international out migration numbers have returned to...

Published 12 Jun, 2024 06:51am

CM to launch ‘Grand Health Programme’

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif has directed the authorities concerned to complete the ...

Published 12 Jun, 2024 06:51am

Local puzzles, foreign pieces

Here’s the latest twist in the saga of Pakistan’s economic spectacle: we’ve decided to bring in a foreign...

Published 12 Jun, 2024 06:51am

Power transmission: challenges

The power sector in Pakistan is facing a crisis of public perception amid the litany of technical challenges...

Updated 12 Jun, 2024 07:13am

First Steering body’s meeting on IDEAS held at Expo Centre

KARACHI: The inaugural Steering Committee meeting regarding International Defence Exhibition and Seminar (IDEAS) was...

Published 12 Jun, 2024 06:51am

LPG cylinder explosions: a call for urgent reform

In a devastating incident on May 30, 2024, a liquefied petroleum gas (LPG) cylinder explosion claimed the lives of ...

Updated 12 Jun, 2024 07:18am

The Weather

KARACHI: The weather report on Tuesday (June 11, 2024) and the forecast for Wednesday (June 12, 2024)...

Published 12 Jun, 2024 06:51am

Rates

Selling pressure exacts a toll

KARACHI: Pakistan Stock Exchange on Tuesday remained under selling pressure on investor fear over rumors of...

Published 12 Jun, 2024 06:51am

Neither up-to-date nor unbiased

The Economic Survey’s relevance, limited to data analysis, is neither up to date (limited to July-March or for ...

Published 12 Jun, 2024 06:51am

Cotton & Textile

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Tuesday (June 11, 2024) =========================== 6/S-7/S (COTTON)...

Published 12 Jun, 2024 06:51am

Energy

Pak-Iran wind project: minister orders removal of impediments

KARACHI: Sindh Provincial Energy Minister Syed Nasir Hussain Shah has said that Sindh province is rich in natural...

Published 12 Jun, 2024 06:51am

Letters

Allowing export of sugar

According to a Business Recorder news report, a meeting of the Sugar Advisory Board (SAB) chaired by the Federal...

Published 12 Jun, 2024 06:51am

Stocks

Wall St slips ahead of inflation report

NEW YORK: Wall Street’s main indexes slipped on Tuesday as investors turned cautious ahead of a crucial inflation...

Published 12 Jun, 2024 06:51am

Stocks

European shares lower as French political tremors rattle banks

BENGALURU: European shares closed lower on Tuesday, with banks across the continent falling as investors fretted ...

Published 12 Jun, 2024 06:51am

Stocks

China shares end at near two-month lows

SHANGHAI: Mainland China stocks ended lower on Tuesday, the first trading day after a long weekend break, with two...

Published 12 Jun, 2024 06:51am

Stocks

Japan’s Nikkei gains on chip shares boost

TOKYO: Japan’s Nikkei share average closed at a two-month peak on Tuesday as heavyweight chip shares tracked their...

Published 12 Jun, 2024 06:51am

Grains

Chicago wheat recovers from one-month low

SINGAPORE: Chicago wheat futures rose on Tuesday, recovering from its lowest level since early May on ...

Published 12 Jun, 2024 06:51am

Commodities

Japanese rubber futures down on profit-taking

SINGAPORE: Japanese rubber futures edged down on Tuesday on profit taking in view of heightened uncertainty on ...

Published 12 Jun, 2024 06:51am

Commodities

Copper hits 7-week low on weak China indicators, strong dollar

LONDON: Copper prices in London hit their lowest in seven weeks on Tuesday, under pressure from a stronger dollar,...

Published 12 Jun, 2024 06:51am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 160,585 tonnes of cargo comprising 79,561 tonnes of import cargo and 81,024...

Published 12 Jun, 2024 06:51am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (June 11, 2024)...

Published 12 Jun, 2024 06:51am

Cotton & Textile

Cotton market: Phutti prices at Rs 20,400-Rs 20,500 per maund in Sindh

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

Published 12 Jun, 2024 06:51am

Energy

Oil prices marginally up

HOUSTON: Oil prices edged slightly higher on Tuesday as OPEC stuck to its forecast for relatively strong growth in...

Published 12 Jun, 2024 06:51am

Rates

LME official prices

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

Published 12 Jun, 2024 06:51am

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 12 Jun, 2024 06:51am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (June 11, 2024). ========================== KIBOR...

Published 12 Jun, 2024 06:51am

Forex

Open market rates of foreign currencies

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

Published 12 Jun, 2024 06:51am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (June 11, 2024). ======================== Open Bid Rs...

Published 12 Jun, 2024 06:51am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (June 11, 2024)....

Published 12 Jun, 2024 06:51am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 11, 2024)....

Published 12 Jun, 2024 06:51am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (June 11, 2024)...

Published 12 Jun, 2024 06:51am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (June 11, 2024). ======================================= Offset...

Published 12 Jun, 2024 06:51am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (June 11, 2024). ==================================== BR...

Published 12 Jun, 2024 06:51am

Growth target missed: Economic Survey

ISLAMABAD: Economy is likely to have expanded by 2.4% in the fiscal year that ends this month, missing a target of...

Updated 12 Jun, 2024 09:13am

No sacred cows, everyone has to contribute to economy: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb Tuesday forewarned that there are no sacred cows and everyone has to...

Updated 12 Jun, 2024 09:32am

Life expectancy rises to 67.3 years

ISLAMABAD: The life expectancy in Pakistan has increased from 65.7 years to 67.3 years from 2015 to 2022, revealed...

Updated 12 Jun, 2024 08:57am

World Bank projects 2.3pc GDP growth rate

ISLAMABAD: The World Bank (WB) has projected Pakistan’s GDP growth rate at 2.3 percent for the fiscal year 2024-25...

Updated 12 Jun, 2024 08:47am

Tax exemptions, zero-rating cost kitty over Rs3.87trn

ISLAMABAD: Total tax exemptions, concessions, zero-rating and special tax treatments to various businesses,...

Updated 12 Jun, 2024 08:59am

Installed electricity capacity stands at 42,131MW

ISLAMABAD: Pakistan’s total installed electricity capacity stood at 42,131-MW as of March 2024 with percentage...

Updated 12 Jun, 2024 09:30am

Rs12trn tax collection target likely

Finance Bill 2024 to be revealed today

Updated 12 Jun, 2024 02:32pm

Govt all set to present over Rs18trn budget today

ISLAMABAD: The incumbent government is all set to present its first growth-oriented federal budget for the fiscal...

Updated 12 Jun, 2024 02:32pm

Public debt recorded at Rs67.525trn at Mar-end

ISLAMABAD: Pakistan’s total public debt was recorded at Rs 67,525 billion at the end-March 2024, registering an...

Updated 12 Jun, 2024 09:31am

Interest expenses climb to Rs5.5trn

KARACHI: The tight monetary stance by the State Bank of Pakistan (SBP) resulted in a massive surge in the federal...

Updated 12 Jun, 2024 08:58am

Inflation target of 21pc will be missed

ISLAMABAD: Pakistan will miss the inflation target of 21 percent set for the current fiscal year and will remain in...

Updated 12 Jun, 2024 08:57am

World Bank approves additional $1bn for Dasu Hydropower Project

LAHROE: In what can be termed a significant development for much-needed financing to generate clean, green and...

Published 12 Jun, 2024 06:51am

Proposed amendments in FTR & NTR rejected by textile sector

FAISALABAD: Value added textile sector has out rightly rejected the proposed amendments in Final Tax Regime (FTR) ...

Published 12 Jun, 2024 06:51am

Industry

Business community demands further cut in policy rate

LAHORE: Business community has demanded further cut in the policy rate to facilitate growth of industrial sector....

Published 12 Jun, 2024 06:51am

Economic Survey

EDITORIAL: The Economic Survey 2024-25 gives good news: key macroeconomic indicators are better than the comparable...

Published 12 Jun, 2024 06:51am

What next for the new defamation law?

EDITORIAL: Evidently embarrassed at the Punjab government’s enactment of a new defamation law, roundly condemned ...

Published 12 Jun, 2024 06:51am

Commodities

Gold prices gain

KARACHI: Gold prices on Tuesday gained a big leap on the local market with global bullion value going past $2300 an...

Published 12 Jun, 2024 06:51am

Global economic review

The global economy demonstrates remarkable resilience, characterized by steady growth as inflation gradually moves...

Published 12 Jun, 2024 06:51am

Commodities

Gold edges up as investors eye Fed outlook

BENGALURU: Gold prices edged up on Tuesday despite a higher dollar as investors awaited key US inflation data and ...

Published 12 Jun, 2024 06:51am

Commodities

Malaysian palm oil ticks up on lower rapeseed projections

SINGAPORE: Malaysian palm oil futures rose Tuesday, reversing midday losses, as lower rapeseed projections...

Published 12 Jun, 2024 06:51am

Commodities

Iron ore tumbles to 2-month low on concerns over weakening China demand

BEIJING: Iron ore futures fell to a two-month low on Tuesday, weighed down by lingering weak fundamentals and...

Published 12 Jun, 2024 06:51am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 14.765 billion...

Published 12 Jun, 2024 06:51am

Import of cotton: APTMA opposes govt’s plan to impose duties

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has strongly opposed government’s intention to impose...

Published 12 Jun, 2024 06:51am

Economic Survey: Red Sea disruptions continue to affect supply chain

ISLAMABAD: The Government said on Tuesday that prolonged disruptions in Red Sea will continue to disrupt supply...

Published 12 Jun, 2024 06:51am

Unemployment rate stands at 6.3pc

ISLAMABAD: With 4.51 million unemployed population, the rate of unemployment in Pakistan stands at 6.3 percent, the...

Published 12 Jun, 2024 06:51am

UBG leaders disappointed over 1.5pc reduction in policy rate

KARACHI: Leaders of the United Business Group (UBG), including SM Tanveer, Zubair Tufail, Khalid Tawab, Hanif Gohar,...

Published 12 Jun, 2024 06:51am

Bilateral trade: Sri Lankan CG assures REAP of removing hurdles

KARACHI: Jagat Abeywarna Consul General of Sri Lanka has assured rice exporters of removal of hurdles in the...

Published 12 Jun, 2024 06:51am

Money & Banking

SME sector: SBP directs banks to adopt DSCF solutions

KARACHI: The State Bank of Pakistan (SBP) has instructed the banks to adopt Digital Supply Chain Finance (DSCF)...

Published 12 Jun, 2024 06:51am

Companies

Jazz CEO for results-oriented efforts to address gender digital divide

ISLAMABAD: Jazz CEO Aamir Ibrahim has urged for serious, results-oriented efforts to make connectivity more...

Published 12 Jun, 2024 06:51am

Gohar Ejaz advocates cut in interest, industrial power tariffs

ISLAMABAD: The only solution to the current economic problem is through growth and export-based industrial ...

Published 12 Jun, 2024 06:51am

Taxes

Customs delays probe against non duty paid products

ISLAMABAD: The Federal Board of Revenue’s (FBR) customs authorities have delayed investigation against allegations...

Published 12 Jun, 2024 06:51am

Economic prosperity: ICMA for supply-side policy steps

KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMA) has emphasised the importance of...

Published 12 Jun, 2024 06:51am

Companies

Listing of FCL: PSX holds gong ceremony

KARACHI: Pakistan Stock Exchange (PSX) held a gong ceremony to celebrate the listing of Fast Cables Limited (FCL)....

Published 12 Jun, 2024 06:51am

Budget proposals: PHMA demands govt lay focus on law and order

KARACHI: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has set forth scores of propositions for...

Published 12 Jun, 2024 06:51am

Energy

Economic Survey: Jul-Mar POL import bill down on lower intake

ISLAMABAD: Pakistan’s petroleum import bill declined in the first nine months (July-March) of fiscal year 2023-24...

Published 12 Jun, 2024 06:51am

Energy

Rs719.59bn PL collected in Jul-Mar

ISLAMABAD: The federal government has collected Rs719.592 billion petroleum levy (PL) on petroleum products in the...

Published 12 Jun, 2024 06:51am

Industry

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 30	277.85
USD PKR Interbank Buying / Oct 30	277.65
USD to Japanese Yen / Oct 30	153.03
USD to Swiss Franc / Oct 30	0.87
Pound Sterling to USD / Oct 30	1.29
Euro to USD / Oct 30	1.08

Stock	Volume
S&P 500 / Oct 30	5,813.67
India Sensex / Oct 30	79,850.58
Tokyo Nikkei / Oct 30	39,116.79
Nasdaq / Oct 30	18,607.93
Hang Seng / Oct 30	20,489.06
FTSE 100 / Oct 30	8,159.63
Dow Jones / Oct 30	42,141.54
Germany DAX 30 / Oct 30	19,257.34

Item	Value
Crude Oil USD/Barrel / Oct 30	68.95
Karachi Cotton PKR/37.32 KG / Oct 30	18,085
Gold 10 Grams PKR / Oct 30	246,403.40
Gold Spot USD/Ounce / Oct 30	2,786.14
Cotton US¢/pound / Oct 30	69.88
Petrol/Litre / Oct 31	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 31 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 31 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 31 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 31 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 31 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 31 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 31 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 31 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 31 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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