News Archives for Print - 2024-06-13

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Print - 2024-06-13

Agri think tank lauds direct, indirect initiatives spelled out in budget

LAHORE: Agriculture Republic, an agricultural think tank, has welcomed various direct and indirect initiatives...

Published 13 Jun, 2024 07:29am

Two ANF men killed by drug dealers in Jhelum

RAWALPINDI: Three persons including two Anti-Narcotics Force (ANF) personnel were martyred as a result of firing by...

Published 13 Jun, 2024 07:26am

Substandard and spurious medicines: Punjab CM for strict implementation of monitoring steps

LAHORE: While approval to a programme aimed at eliminating substandard and spurious medicines across Punjab, Chief...

Published 13 Jun, 2024 07:26am

Huawei to train 200,000 young Pakistanis

ISLAMABAD: Huawei has resolved to train 200,000 young Pakistanis. Vice CEO Huawei Pakistan Ray Yu called on the...

Published 13 Jun, 2024 07:19am

NAB Lahore initiates probe into mega sugar scam

LAHORE: Director General, National Accountability Bureau (NAB) Lahore, Amjad Majeed Aulakh took a swift action over ...

Published 13 Jun, 2024 07:16am

JI describes budget as ‘document of IMF slavery’

LAHORE: Jamaat-e-Islami Chief Hafiz Naeem ur Rehman has rejected the budget as a document of IMF slavery. Addressing...

Published 13 Jun, 2024 07:15am

Squid Game of CSS

In a country grappling with debilitating debts, systemic inefficiencies across sectors, rampant inflation and...

Updated 13 Jun, 2024 08:12am

Navigating economic diplomacy–I

Spiraling electricity bills and the resulting unbearable burden on the ordinary consumers has brought the agreements...

Updated 13 Jun, 2024 08:10am

The Budget

EDITORIAL: The federal finance minister, Muhammad Aurangzeb, presented in the National Assembly his and the Shehbaz...

Updated 13 Jun, 2024 07:32am

Stocks

European shares gain as cool US data bolsters Fed rate cut hopes

PARIS: European shares advanced on Wednesday, with rate-sensitive sectors like real-estate jumping after a cool US...

Published 13 Jun, 2024 06:59am

Stocks

China stocks edge up, HK down on mild inflation data

SHANGHAI: China stocks edged up at close, while Hong Kong shares fell on Wednesday after data showed consumer prices...

Published 13 Jun, 2024 06:59am

Stocks

Tokyo shares end down ahead of US inflation data

TOKYO: Tokyo stocks closed lower on Wednesday as investors awaited the release of US inflation data. The benchmark...

Published 13 Jun, 2024 06:59am

The Weather

KARACHI: The weather report on Wednesday (June 12, 2024) and the forecast for Thursday (June 13, 2024)...

Published 13 Jun, 2024 06:59am

Money & Banking

Dollar drops on softer than expected May inflation

NEW YORK: The dollar tumbled on Wednesday after data showed that consumer prices in May rose less than economists...

Published 13 Jun, 2024 06:59am

Money & Banking

Yuan wallows near 7-month lows

SHANGHAI: China’s yuan languished near seven-month lows on Wednesday as traders cautiously awaited a US inflation...

Published 13 Jun, 2024 06:59am

Stocks

Asian FX steady ahead of US inflation data

BENGALURU: Emerging Asian currencies were steady on Wednesday and equities notched modest gains ahead of key US...

Published 13 Jun, 2024 06:59am

Stocks

Inflation cheer boosts Wall St ahead of Fed decision

NEW YORK: US stocks rose broadly on Wednesday, with the S&P 500 and the Nasdaq touching fresh record highs after...

Published 13 Jun, 2024 06:59am

Rates

Stocks snap losing streak

KARACHI: Pakistan Stock Exchange on Wednesday showed recovery and closed in positive on the back of fresh buying,...

Published 13 Jun, 2024 06:59am

Commodities

Japanese rubber futures rebound

SINGAPORE: Japanese rubber futures pared early losses to rebound on Wednesday, tracking a surge in butadiene rubber...

Published 13 Jun, 2024 06:59am

Commodities

Gold climbs on soft inflation data

Gold prices rose 1% on Wednesday after a surprisingly soft US consumer inflation report raised hopes for an interest...

Published 13 Jun, 2024 06:59am

Commodities

Malaysian palm oil futures extend gains

SINGAPORE: Malaysian palm oil futures extended gains on Wednesday, tracking higher soyoil and crude oil prices....

Published 13 Jun, 2024 06:59am

Commodities

FranceAgriMer raises 2023/24 non-EU wheat export forecast

PARIS: Farm office FranceAgriMer on Wednesday increased its forecast of French soft wheat exports outside the...

Published 13 Jun, 2024 06:59am

Commodities

Iron ore futures struggle for direction

BEIJING: Prices of iron ore futures struggled for direction on Wednesday, as support from improved economic data in...

Published 13 Jun, 2024 06:59am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 15.358 billion...

Published 13 Jun, 2024 06:59am

Commodities

Chicago wheat futures dip after rally

SINGAPORE: Chicago wheat futures retreated on Wednesday from a strong jump in the previous session, although...

Published 13 Jun, 2024 06:59am

Commodities

Copper prices rise as cooling US inflation boosts rate cut hopes

LONDON: Copper prices bounced on Wednesday and the dollar tumbled after cooler-than-expected US inflation data...

Published 13 Jun, 2024 06:59am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 103,490 tonnes of cargo comprising 54,010 tonnes of import cargo and 49,480...

Published 13 Jun, 2024 06:59am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (June 12, 2024)...

Published 13 Jun, 2024 06:59am

Cotton & Textile

Cotton market: Spot rate firm amid low business activity

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

Published 13 Jun, 2024 06:59am

Energy

Oil little changed as surprise crude stock build caps gains

HOUSTON: Oil prices were broadly steady on Wednesday after three key forecasters predicted that global oil...

Published 13 Jun, 2024 06:59am

Rates

LME official prices

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

Published 13 Jun, 2024 06:59am

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 13 Jun, 2024 06:59am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (June 12, 2024). ========================== KIBOR...

Published 13 Jun, 2024 06:59am

Forex

Open market rates of foreign currencies

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

Published 13 Jun, 2024 06:59am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (June 12, 2024). ======================== Open Bid ...

Published 13 Jun, 2024 06:59am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (June 12, 2024)....

Published 13 Jun, 2024 06:59am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 12, 2024)....

Published 13 Jun, 2024 06:59am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 12, 2024)...

Published 13 Jun, 2024 06:59am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (June 12, 2024). ======================================= Offset...

Published 13 Jun, 2024 06:59am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (June 12, 2024). ==================================== BR...

Published 13 Jun, 2024 06:59am

Taxes

Punjab to present ‘tax-free’ budget today

LAHORE: The Punjab government will present its tax-free budget for the year 2024-25 on Thursday (today) with a focus...

Published 13 Jun, 2024 06:56am

Environmental problems, food security challenges: ‘Strategy is needed to stop rampant expansion of cities

FAISALABAD: The rampant expansion of cities is turning lush green agricultural fields into cement and concrete...

Published 13 Jun, 2024 06:56am

Industry

LCCI says concerned at some taxation measures

LAHORE: While appreciating some of the pro-business measures in federal budget, the Lahore Chamber of Commerce and...

Published 13 Jun, 2024 06:51am

PRA likely to achieve its revenue target

LAHORE: The Punjab Revenue Authority (PRA) is on its way to achieve revenue target for the Financial Year ...

Published 13 Jun, 2024 06:49am

SALIENT FEATURES

• No increase of duties on import of essential items. • Providing relief for common man. • Promote and...

Updated 13 Jun, 2024 08:17am

Energy

Nepra avoids indulging in govt policy matters

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Wednesday avoided indulging in government policy...

Published 13 Jun, 2024 06:43am

NOTES ON CLAUSES

CUSTOMS ACT, 1969 (IV OF 1969) Clause 3 (1) (a) Seeks to add new clause in ...

Published 13 Jun, 2024 06:43am

Energy

PD prepares plan to deploy civil armed forces’ personnel at Discos

ISLAMABAD: The Power Division is said to have prepared a plan to deploy troops of Civil Armed Force (Rangers, FC) in...

Published 13 Jun, 2024 06:37am

Taxes

E-invoices of sales tax proposed for registered persons

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new provision of issuance of electronic sales tax...

Published 13 Jun, 2024 06:37am

Rs12.56bn allocated for Ministry of Food Security & Research

ISLAMABAD: The government has allocated Rs 12.56 billion for the Ministry of National Food Security and Research...

Published 13 Jun, 2024 06:37am

Commodities

Gold prices gain

KARACHI: The local gold market on Wednesday gained some momentum but silver stood firm, traders said. Prices of the...

Published 13 Jun, 2024 06:32am

PITB, Tech Valley join hands to provide Google scholarships

LAHORE: The Punjab Information Technology Board (PITB) and Tech Valley Pakistan have joined hands to provide 10,000...

Published 13 Jun, 2024 06:22am

‘Google & Tech Valley’s Digital Safar’ initiative launched

LAHORE: Minister Education Rana Sikandar Hayat launches “Google & Tech Valley’s Digital Safar” initiative...

Published 13 Jun, 2024 06:22am

A budget that at once seems overambitious

Overambition is the call of the day. Con-crete measures to support high taxation growth—something the country...

Updated 13 Jun, 2024 07:53am

Anatomizing budget

The budget 2024-25 exercise is akin to a five-legged kangaroo - one leg manacled by the International Monetary Fund...

Updated 13 Jun, 2024 07:49am

APNS rejects 10pc GST on newsprint

KARACHI: The APNS strongly rejects imposition of 10pc GST on import of newsprint and urges upon the Federal...

Published 13 Jun, 2024 06:22am

Energy

Wapda starts inspection of Neelum Jhelum Project’s headrace tunnel

LAHROE: Water and Power Development Authority (Wapda) has commenced inspection of Neelum Jhelum’s headrace tunnel...

Published 13 Jun, 2024 06:22am

Minister seeks ‘Ninth Wage Award’ implementation

LAHORE: Provincial Information Minister Azma Bokhari suggested the federal government to implement the Ninth Wage...

Published 13 Jun, 2024 06:22am

Magistrate grants one-day physical remand of Imran Riaz

LAHORE: A judicial magistrate on Wednesday remanded a journalist Imran Riaz Khan in one-day police custody for his...

Published 13 Jun, 2024 06:22am

Illegal factory busted over producing banned Boostin injections

ISLAMABAD: The Drug Regulatory Authority of Pakistan (DRAP) in collaboration with the Federal Investigating Agency...

Published 13 Jun, 2024 06:22am

Capital’s 3 NA seats: IHC stays proceedings of ET against election results

ISLAMABAD: The Islamabad High Court (IHC) stayed the proceedings of the newly-appointed Election Tribunal against ...

Published 13 Jun, 2024 06:22am

Federal govt employees stage protest demo

ISLAMABAD: Federal government employees on Wednesday staged a protest demonstration outside the parliament during ...

Published 13 Jun, 2024 06:22am

International Day against Child Labour: Enforcement of Punjab Domestic Workers Act 2019 demanded

LAHORE: Child labour remains a significant issue in Pakistan, although there have been efforts to address it....

Published 13 Jun, 2024 06:22am

CM launches ‘Traffic Response Unit’ in Lahore

LAHORE: Launching the ‘Traffic Response Unit’ (TRU) here Wednesday, Punjab Chief Minister Maryam Nawaz Sharif...

Published 13 Jun, 2024 06:22am

Attack on Khawar Maneka: ATC directs PTI lawyers to join probe

ISLAMABAD: An Anti-Terrorism Court (ATC), on Wednesday, directed Pakistan Tehreek-e-Insaf (PTI) lawyers to join the...

Published 13 Jun, 2024 06:22am

Rs27bn earmarked for National Health Services ministry

ISLAMABAD: The government has earmarked Rs 27 billion for the Ministry of National Health Services and Regulations,...

Published 13 Jun, 2024 06:22am

Taxes

Sales tax exemption on supplies to charitable hospitals removed

ISLAMABAD: The federal government has proposed to remove the sales tax exemption on supplies to charitable hospitals...

Published 13 Jun, 2024 06:22am

Omar terms budget ‘a violation of constitutional norms’

ISLAMABAD: The Opposition Leader in the National Assembly, Omar Ayub Khan, on Wednesday, expressed strong ...

Published 13 Jun, 2024 06:22am

Stocks

Budget termed overall positive for market

KARACHI: Contrary to expectations of change in treatment of income from capital gain and dividends to normal tax,...

Published 13 Jun, 2024 06:22am

PPP accuses PML-N of ignoring its inputs: Budget ‘anti-poor’: opposition

ISLAMABAD: Having been lashed out by the opposition forces over tending to formulate the anti-poor and excessively...

Published 13 Jun, 2024 06:22am

IIOJK strife: Indian police blame Pakistan

OCCUPIED SRINAGAR: Police in Illegally Indian Occupied Jammu and Kashmir (IIOJK) blamed Pakistan on Wednesday for a...

Published 13 Jun, 2024 06:22am

Most of budget targets in line with IMF guidelines: analysts

KARACHI: The federal budget will continue the fiscal consolidation seen last year and most of the targets are in ...

Published 13 Jun, 2024 06:22am

Industry

Budget: FPCCI gives a mixed reaction

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Wednesday expressed a mixed reaction ...

Published 13 Jun, 2024 06:22am

Business community says ‘it’s an IMF-friendly budget’

KARACHI: The federal budget 2024-25 has drawn sharp criticism from the business community, that termed it an...

Published 13 Jun, 2024 06:22am

Sindh Budget: Govt employees, poor people to be given relief: minister

KARACHI: Provincial Minister of Energy Development and Planning Sindh Syed Nasir Hussain Shah has said that relief...

Published 13 Jun, 2024 06:22am

Taxes

New section added to ST Act 1990: Concept of ‘investigative audit’ introduced

ISLAMABAD: A major change having far-reaching consequences proposed in the Finance Bill 2024 is the introduction of...

Published 13 Jun, 2024 06:22am

Street forests can prevent encroachers from usurping Karachi’s urban spaces

“We have every right to occupy open public spaces near our mosque,” was the refrain from a well attired moulvi...

Updated 13 Jun, 2024 08:15am

Education gets Rs103.78bn

ISLAMABAD: The government has earmarked Rs103.781 billion for Education Affairs and Services in the federal budget...

Published 13 Jun, 2024 06:22am

Industry

No relief for industry in budget, claims PBF

KARACHI: Pakistan Business Forum (PBF) says despite the fragile economic position of the country the business...

Published 13 Jun, 2024 06:22am

PARTLY FACETIOUS: ‘NMN is a lady and not a malefactor’

“Hunter Biden has been found guilty on three counts…” “The US has taken the lead there.” “Have you...

Published 13 Jun, 2024 06:22am

CPJ demands Punjab govt to swiftly repeal defamation law

NEW YORK: The Committee to Protect Journalists expressed alarm on Tuesday that Punjab hastily enacted a defamation...

Published 13 Jun, 2024 06:22am

Scope of EFC curtailed

ISLAMABAD: The government has curtailed the scope of the Export Facilitation Scheme (EFC) of exporters under the...

Published 13 Jun, 2024 06:22am

Industry

Budget has failed to live up to our expectations: PBC

KARACHI: Pakistan Business Council (PBC) here Wednesday said that expecting a single year’s budget to cure all the...

Published 13 Jun, 2024 06:22am

Industry

SCCI urges govt to review budget proposals

PESHAWAR: President, Sarhad Chamber of Commerce and Industry Fuad Ishaq said the government has attempted to present...

Published 13 Jun, 2024 06:22am

Taxes

Return of income Tax: Prosecution for company failing to furnish info proposed

ISLAMABAD: The government has proposed prosecution for any company including banks and association of persons (AOPs)...

Published 13 Jun, 2024 06:22am

Industry

‘BRI becomes world’s broadest-based, largest platform for international cooperation’

LAHORE: “Over the past nine years, the BRI has achieved tangible and fruitful progress, becoming the world’s...

Published 13 Jun, 2024 06:22am

‘Pakistan lags behind in socio-economic development sectors’

HYDERABAD: Speakers at a workshop have said that the country is not short of science and technological potential, ...

Published 13 Jun, 2024 06:22am

Tajir Dost Scheme: Traders failing to register could face imprisonment

ISLAMABAD: The government has announced a set of new revenue measures for the budget 2024-25, with a special focus ...

Published 13 Jun, 2024 06:22am

It’s not a ‘people-friendly’ budget: economist

KARACHI: Tough measures have been adopted in the federal budget 2024-25, and it is not at all a ...

Published 13 Jun, 2024 06:22am

Remittances via formal route: Rs86.9bn set aside for TT charges refund

KARACHI: The federal government has proposed to allocate Rs 86.9 billion for the reimbursement of TT charges to ...

Published 13 Jun, 2024 06:22am

Companies

Service offerings easypaisa adds Raast P2M system to its platform

KARACHI: easypaisa has elevated its service offerings by integrating the Raast P2M (Person to Merchant) payment...

Published 13 Jun, 2024 06:22am

Rs539bn financing to be provided to export sector thru SBP

KARACHI: The federal government has announced to provide a financing of Rs 539 billion to the exporters through ...

Published 13 Jun, 2024 06:22am

Rs30bn sell-off income target set

ISLAMABAD: The federal government has set a budgeted target of collecting Rs30 billion through privatisation...

Updated 13 Jun, 2024 09:33am

BISP allocated Rs598.71bn

ISLAMABAD: Benazir Income Support Programme (BISP) has been budgeted at Rs598.71 billion in financial year 2024-25,...

Updated 13 Jun, 2024 09:32am

Finance Bill 2024: New ‘late filers’ category introduced

Category created to attract higher rate of tax for late filing of income tax return

Updated 13 Jun, 2024 03:48pm

Prepaid internet, phone cards: Govt increases income tax rate for non-filers

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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

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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