News Archives for Print - 2024-06-15

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Print - 2024-06-15

World

Russia boosts oil revenues

LONDON/NEW DELHI: Russian oil exporters are charging more for their oil in major market India than at any time since...

Published 15 Jun, 2024 06:57am

Pakistan

The Weather

KARACHI: The weather report on Friday (June 14, 2024) and the forecast for Saturday (June 15, 2024)...

Published 15 Jun, 2024 06:57am

Pakistan

CCP approves acquisition of Alif Innovations

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of M/s Alif Innovations...

Published 15 Jun, 2024 06:57am

Pakistan

High octane: Senate body recommends hike in PL to Rs100/litre

ISLAMABAD: The Senate Standing Committee on Finance and Revenue has recommended increasing petroleum levy on high...

Published 15 Jun, 2024 06:57am

Pakistan

FIA seizes prohibited Monosodium Glutamate

KARACHi: The Federal Investigation Agency (FIA) successfully conducted an operation in the Jodia Bazar area, seizing...

Published 15 Jun, 2024 06:57am

Pakistan

9th consignment to be dispatched to Gaza: Dar

ISLAMABAD: In solidarity with the besieged people of Gaza, Pakistan will dispatch another consignment of relief ...

Published 15 Jun, 2024 06:57am

Pakistan

US Mission CDA visits Karachi to bolster maritime security & cultural ties

KARACHI: Chargé d’affaires (CDA) of the United States Mission in Pakistan Andrew Schofer highlighted the strong...

Published 15 Jun, 2024 06:57am

Pakistan

SFA Hyderabad destroys unhealthy juices’ packets

HYDERABAD: A team of Sindh Food Authority Hyderabad under the supervision of Deputy Director Fida Hussain Khoso...

Published 15 Jun, 2024 06:57am

Pakistan

Sindh budget: Education gets Rs454bn

KARACHI: Budgetary provision for education sector in Sindh has been proposed to be Rs. 454 billion for the year...

Published 15 Jun, 2024 06:57am

Pakistan

Field Hospitals, Clinic on Wheels being expanded across Punjab: CM

LAHORE: Punjab Chief Minister Maryam Nawaz has said the program of Field Hospitals and Clinic on Wheels is being...

Published 15 Jun, 2024 06:57am

Pakistan

Deceased Sichuan Normal University teachers: Investiture ceremony held in remembrance

ISLAMABAD: In a solemn investiture ceremony held Friday, three Chinese teachers of Sichuan Normal University were...

Published 15 Jun, 2024 06:57am

Pakistan

Sindh budget: JI’s Munem says Karachi once again neglected

KARACHI: Jamaat-e-Islami on Friday rejected the Sindh budget for the next financial year, saying that the country's...

Published 15 Jun, 2024 06:57am

Pakistan

NAB submits cheques of Rs93.3m recovered money into national kitty

LAHORE: In a significant milestone, the National Accountability Bureau (NAB), Lahore submits recovered money cheques...

Published 15 Jun, 2024 06:57am

Pakistan

Pakistan Food Festival inaugurated at Chengdu

CHENGDU: The Pakistan Food Festival was inaugurated Friday at the prestigious Shangri-La Hotel in Chengdu,...

Published 15 Jun, 2024 06:57am

Pakistan

President clears four bills

ISLAMABAD: President Asif Ali Zardari, on Friday, gave his assent to four bills after passage from both houses of ...

Published 15 Jun, 2024 06:57am

Pakistan

‘World Blood Donors Day’ was marked: Punjab increasing capacity of blood banks

LAHORE: With the theme-20 years of celebrating giving: thank you, blood donors, ‘World Blood Donors Day’ was...

Published 15 Jun, 2024 06:57am

Pakistan

LGs to get Rs121.9bn with Rs33.9bn additional grant

KARACHI: The government of Sindh has earmarked an additional Rs. 33.9 billion to augment the grant provided to Local...

Published 15 Jun, 2024 06:57am

Pakistan

Pakistan gets permanent membership of Washington Accord

International...

Published 15 Jun, 2024 06:57am

Pakistan

PTI links talks to release of all workers

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday linked the proposed dialogue with the release of party founding...

Published 15 Jun, 2024 06:57am

Pakistan

Elevation to SC: Parliamentary panel clears names of judges

ISLAMABAD: The Parliamentary Committee on the Appointment of Judges, Friday, approved the names of judges proposed ...

Published 15 Jun, 2024 06:57am

Pakistan

UHS syndicate approves educational reforms, new affiliations

LAHORE: The University of Health Sciences (UHS) in its 81st Syndicate meeting, held here on Friday with the...

Published 15 Jun, 2024 06:57am

Pakistan

Two high-yielding GM sugarcane varieties approved

FAISALABAD: The Technical Advisory Committee (TAC) of Pakistan under Environment Protection Agency (EPA), Islamabad...

Published 15 Jun, 2024 06:57am

Pakistan

There should be no misstatement on matter of dialogue: IK

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan on Friday said that there should be no...

Published 15 Jun, 2024 06:57am

Pakistan

Diamer-Bhasha Dam: Site for construction made feasible by diverting direction of river, Senate body told

ISLAMABAD: The Ministry of Water Resources told the Senate Standing Committee on Planning, Development and Special...

Published 15 Jun, 2024 06:57am

Pakistan

SAU, FAO sign agreement for modern agri practices

HYDERABAD: A Letter of Agreement (LOA) was signed between Sindh Agriculture University, Tandojam, and the United...

Published 15 Jun, 2024 06:57am

Opinion

The issue of trust deficit

Amidst protests by the opposition, Finance Minister Muhammad Aurangzeb rolled out with relative calm the national...

Updated 15 Jun, 2024 07:20am

Opinion

Are pitches to blame?

The most popular slogan during the recent India-Pakistan match in the T20 World Cup was “The biggest blockbuster ...

Updated 15 Jun, 2024 07:23am

Opinion

Budget FY25: a sure recipe for stagflation?

The Federal Budget 2024-2025, in our opinion, is a simple recipe for stagflation: persistent high inflation combined...

Updated 15 Jun, 2024 07:26am

Letters

‘A stagflationary federal budget’

This is apropos an op-ed “A stagflationary federal budget” carried by the newspaper yesterday. The writer, Dr...

Published 15 Jun, 2024 06:57am

Pakistan

CJP says audio featuring PTI founder not leaked from SC

ISLAMABAD: Chief Justice Qazi Faez Isa stated that the audio allegedly featuring PTI founder has not been leaked ...

Published 15 Jun, 2024 06:57am

Stocks

State-run firms boost Indian shares to record closing highs

BENGALURU: Indian shares logged record closing highs for a second straight session on Friday, driven by state-run...

Published 15 Jun, 2024 06:57am

Stocks

China stocks edge up, HK shares fall

SHANGHAI: Mainland China stocks inched up on Friday as gains in brokers outpaced weak sentiment caused by the ...

Published 15 Jun, 2024 06:57am

Stocks

French stocks drag European shares lower on political turmoil

PARIS: European shares dropped in a broad-based selloff on Friday, marking a weekly loss amid political turmoil in...

Published 15 Jun, 2024 06:57am

Stocks

Wall Street retreats after rally

NEW YORK: US stock indexes fell on Friday, with the Nasdaq and the S&P 500 slipping from record highs as...

Published 15 Jun, 2024 06:57am

Pakistan

Imran Riaz discharged from false case

LAHORE: A judicial magistrate on Friday discharged anchorperson Imran Riaz Khan from a new case of breaking security...

Published 15 Jun, 2024 06:57am

Pakistan

Parties must prioritise progress, prosperity: President

ISLAMABAD: President Asif Ali Zardari emphasized that political parties must prioritise the country’s progress and...

Published 15 Jun, 2024 06:57am

Pakistan

BRT Service to remain operational during Eidul Azha holidays

PESHAWAR: The Bus Rapid Transit (BRT) system of Peshawar will remain operational throughout all three days of Eidul...

Published 15 Jun, 2024 06:57am

Pakistan

KP governor says has met PM for uplift projects

ISLAMABAD: Khyber Pakhtunkhwa Governor Faisal Karim Kundi said that he met with Prime Minister Shehbaz Shairf and...

Published 15 Jun, 2024 06:57am

Pakistan

JUI-F lashes out at federal govt for ‘ignoring’ people in budget

ISLAMABAD: Jamiat Ulema-e-Islam Fazal (JUI-F) Senator Atta Ur Rehman has said that the new federal budget is ...

Published 15 Jun, 2024 06:57am

Pakistan

Govt launches crackdown against spurious drugs

ISLAMABAD: The government has started a crackdown on spurious and substandard drugs and has directed healthcare...

Published 15 Jun, 2024 06:57am

Pakistan

Court seeks arguments in response to IK’s, Bushra’s pleas

ISLAMABAD: A local court, on Friday, sought arguments on Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and his...

Published 15 Jun, 2024 06:57am

Energy

Mohmand Dam Hydropower Project: Ministry, Wapda ink $25m subsidiary loan

ISLAMABAD: The Ministry of Economic Affairs (MoEA) and Water and Power Development Authority (Wapda) signed a...

Published 15 Jun, 2024 06:57am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (June 14, 2024). ==================================== BR...

Published 15 Jun, 2024 06:57am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (June 14, 2024)....

Published 15 Jun, 2024 06:57am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (June 14, 2024). ======================== Open Bid Rs...

Published 15 Jun, 2024 06:57am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (June 14,...

Published 15 Jun, 2024 06:57am

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 15 Jun, 2024 06:57am

Industry

KATI president highlights ‘lack’ of facilities, incentives for industrial sector in budget

KARACHI: The President of the Korangi Association of Trade and Industry (KATI), Johar Qandhari, has voiced strong...

Published 15 Jun, 2024 06:57am

Agriculture and Allied

Punjab proposes Rs9bn for livestock, dairy development projects

LAHORE: The Punjab government has proposed a sum of over Rs 9 billion for livestock and dairy development projects...

Published 15 Jun, 2024 06:57am

Energy

July-May Petroleum Group imports post negative growth

ISLAMABAD: Petroleum group imports witnessed a negative growth of 0.28 per cent during the first 11 months ...

Published 15 Jun, 2024 06:57am

Editorials

TTP: growing belligerence

EDITORIAL: As the security forces carry out intelligence-based counter terrorism operations in the tribal districts...

Published 15 Jun, 2024 06:57am

Editorials

The Neelum-Jhelum disaster

EDITORIAL: So, it turns out that the “crown jewel” 969-megawatt Neelum-Jhelum Hydropower Project (NJHPP), which...

Published 15 Jun, 2024 06:57am

Commodities

Gold prices gain

KARACHI: Gold prices on Friday gained some value on the local market but silver stood firm, traders said. Gold...

Published 15 Jun, 2024 06:57am

Cable operators should restore news channels in Andhra Pradesh: CPJ

NEW DELHI: Cable operators in India’s Andhra Pradesh state should immediately restore access to news broadcasters...

Published 15 Jun, 2024 06:57am

Moody’s points out weak debt affordability

ISLAMABAD: The government spends more than half of its revenue on interest payments, indicating very weak debt...

Published 15 Jun, 2024 06:57am

Detection bills period: Nepra rejects Discos’ proposal

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has rejected Discos proposal on review of...

Updated 15 Jun, 2024 02:23pm

China approves first ETFs tracking Saudi equities

SHANGHAI: China approved its first exchange-traded funds (ETFs) investing in Saudi Arabia equities on Friday, fund...

Updated 15 Jun, 2024 04:48pm

Cotton & Textile

Cotton market remains steady amid low volumes

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

Published 15 Jun, 2024 06:57am

FBR chief issues warning to businesses refusing credit, debit cards payments

Says sealing of business premises would be based on three daily complaints or five weekly complaints from customers

Updated 15 Jun, 2024 06:54pm

Petrol price slashed by Rs10.20 per litre

KARACHI: The government announced on Friday a significant reduction in petrol and high-speed diesel (HSD) prices for...

Updated 15 Jun, 2024 02:25pm

Rs3trn Sindh budget envisages Rs77bn new taxes

KARACHI: Chief Minister Sindh Syed Murad Ali Shah on Friday announced a budget of Rs3.056 trillion for the fiscal...

Updated 15 Jun, 2024 02:22pm

Rates

PSX hits new highest-ever level

KARACHI: Pakistan Stock Exchange extended its gains and hit new highest-ever level on Friday as there’s no ...

Published 15 Jun, 2024 06:57am

Industrial sector: PM announces major power tariff cut

ISLAMABAD: Prime Minister Shehbaz Sharif has announced Rs10.69 per unit reduction in the price of electricity for...

Updated 15 Jun, 2024 02:23pm

Jul-Apr LSM sector posts 0.45pc growth YoY

ISLAMABAD: The Large Scale Manufacturing (LSM) sector has shown a growth of 0.45 per cent during July-April 2023-24...

Updated 15 Jun, 2024 02:23pm

Digitization: Centre asks provinces to provide tax data to Nadra

ISLAMABAD: The federal government has reportedly asked all provinces to provide complete tax data to NADRA (National...

Updated 15 Jun, 2024 04:22pm

Rs300bn tagged for healthcare sector

KARACHI: Sindh government has earmarked Rs. 300 billion for health sector against Rs. 227.8 billion last year with...

Updated 15 Jun, 2024 02:24pm

Sindh earmarks Rs959bn for development expenditures

KARACHI: The Sindh government has earmarked a huge amount of Rs 959 billion for the development expenditures during...

Updated 15 Jun, 2024 04:17pm

Rs8bn tagged for ‘Haari cards’

KARACHI: The Sindh government has allocated Rs 8 billion in the next fiscal year budget for “Haari Card” to provide...

Updated 15 Jun, 2024 08:49am

Taxes

Advance income tax: PTA urges PM, minister to revise proposed insertion

KARACHI: Chairman, Pakistan Tanners Association (PTA), Muhammad Mehr Ali has appealed to the prime minister and...

Published 15 Jun, 2024 06:57am

Business & Finance

Software industry, APTMA tell Senate panel: ‘Unable to run businesses due to heavy taxation’

ISLAMABAD: Software industry, All Pakistan Textile Mills Association (APTMA) and stationery sector, Friday, informed...

Published 15 Jun, 2024 06:57am

Pakistan

PDP leader says federal budget won’t help improve economy

KARACHI: This budget like the previous ones is also dictated by the International Monetary Fund (IMF) and it would ...

Published 15 Jun, 2024 06:57am

Industry

Finance Bill: New steps to trigger mass exodus of foreign investment: Telecom industry

ISLAMABAD: Telecom industry has warned the government that new measures proposed in the finance bill would trigger a...

Published 15 Jun, 2024 06:57am

Industry

Paapam extends best wishes to SG Ghulam Murtaza for joining ICCI

LAHORE: The Pakistan Association of Automotive Parts & Accessories Manufacturers (Paapam) has recognised the...

Published 15 Jun, 2024 06:57am

Business & Finance

Companies facing default: SECP launches regularisation scheme

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has launched a regularisation scheme (the...

Published 15 Jun, 2024 06:57am

Business & Finance

Weekly SPI inflation up 1.30pc

ISLAMABAD: The Sensitive Price Index-based inflation for the week ended June 13, 2024, increased by 1.30 per cent ...

Published 15 Jun, 2024 06:57am

Business & Finance

First 11 months of FY 2023-24: Textile group exports up by around 1.41pc

ISLAMABAD: The country’s textile group exports increased by around 1.41 per cent during the first 11 months...

Published 15 Jun, 2024 06:57am

Money & Banking

Asian currencies: Indonesian rupiah at 4-year low

BENGALURU: Asian currencies were subdued on Friday pressured by a firm dollar, with the Indonesian rupiah hitting a...

Published 15 Jun, 2024 06:57am

Money & Banking

China’s yuan falls, tracks yen slide

HONG KONG: China’s yuan slipped to near seven-month lows on Friday, in line with the yen’s losses after the Bank...

Published 15 Jun, 2024 06:57am

Money & Banking

Euro drops amid French political uncertainty

NEW YORK: The euro was on track for its biggest weekly fall against the dollar in two months on Friday on concerns...

Published 15 Jun, 2024 06:57am

Business & Finance

FY2023-24: Punjab Pension Fund likely to earn net return of Rs31bn

LAHORE: The Punjab Pension Fund (PPF) is expected to earn a net return of Rs31 billion in FY 2023-24, and the assets...

Published 15 Jun, 2024 06:57am

Taxes

Marriyum underscores need for promoting tax culture

LAHORE: Punjab Senior Minister Marriyum Aurangzeb has said the provincial government has presented a people-friendly...

Published 15 Jun, 2024 06:57am

Industry

Wiltrans sets record by discharging 20,300MT rock phosphate in 24 hrs

KARACHI: Wiltrans, a subsidiary of Associated Maritime Services, on Friday announced the successful handling of the...

Published 15 Jun, 2024 06:57am

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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