News Archives for Print - 2024-06-20

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Print - 2024-06-20

Missed revenue targets

EDITORIAL: The Federal Board of Revenue’s contention that it will fall short of its revenue target of Rs9.42...

Published 20 Jun, 2024 06:10am

Signs of political ice melting

EDITORIAL: It came as a very welcome surprise. PTI Chairman Gohar Ali Khan told journalists last week that the...

Published 20 Jun, 2024 06:10am

Africa

S Africa’s Ramaphosa sworn in for second full term as president

PRETORIA: South Africa’s Cyril Ramaphosa hailed “the beginning of a new era” on Wednesday as he was sworn in...

Published 20 Jun, 2024 06:01am

Middle East

Fighting in Rafah as tensions soar on Israel-Lebanon border

GAZA STRIP: Israeli air strikes and clashes between troops and Palestinian militants rocked Gaza on Wednesday, as...

Published 20 Jun, 2024 06:01am

Europe

Beijing urges Britain to stop sanctioning Chinese firms over Russian links

HONG KONG: China’s commerce ministry said on Wednesday that it had urged Britain to stop sanctioning Chinese firms...

Published 20 Jun, 2024 06:01am

USA

Biden offers citizenship path to spouses of Americans in sweeping election-year move

WASHINGTON: When news broke of US President Joe Biden’s plan to provide a path to citizenship for certain...

Published 20 Jun, 2024 06:01am

Air pollution linked to nearly 2,000 child deaths a day: report

PARIS: Nearly 2,000 children die every day from health problems linked to air pollution, which is now the second...

Published 20 Jun, 2024 06:01am

Chomsky discharged from hospital

SAO PAULO: American intellectual, linguist and dissident Noam Chomsky was discharged from a hospital in Sao Paolo...

Updated 20 Jun, 2024 07:14am

Putin and Kim sign mutual defence pact

SEOUL: Russian President Vladimir Putin signed a deal with North Korea’s Kim Jong Un on Wednesday that included a...

Published 20 Jun, 2024 06:01am

Shipping industry upset as Houthis sink second vessel

LONDON: Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen’s Houthis, ...

Published 20 Jun, 2024 06:01am

Nuclear arms spending soars as global tensions swell: studies

GENEVA: Nuclear-armed countries hiked spending on atomic weapons arsenals by a third in the past five years as they...

Updated 20 Jun, 2024 09:25am

PCB chief slams unruly behaviour of fan, vows support to Haris Rauf

LAHORE: Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi has slammed the unruly behaviour of cricket fan against...

Published 20 Jun, 2024 06:01am

Four land fraudsters awarded rigorous imprisonment, fines by anti-corruption court

ISLAMABAD: The District and Sessions Judge of the Anti-Corruption Rawalpindi Court has sentenced four individuals,...

Published 20 Jun, 2024 06:01am

Sino-Pak relations: Ahsan assails political party for carrying out ‘smear’ campaign

LAHORE: Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal on Wednesday dispelled the...

Published 20 Jun, 2024 06:01am

COAS vows to respond swiftly against violation of territorial sovereignty

RAWALPINDI: Chief of Army Staff General Syed Asim Munir visited the Line of Control in the Haji Pir sector to...

Published 20 Jun, 2024 06:01am

Two kids die in laptop explosion

FAISALABAD: Two children died on early Wednesday when a fire erupted due to a laptop explosion at a home in...

Published 20 Jun, 2024 06:01am

Earthquake jolts many KP cities, Islamabad

PESHAWAR: A 4.5 magnitude earthquake jolted various districts of Khyber Pakhtunkhwa on Wednesday morning with...

Published 20 Jun, 2024 06:01am

5 policemen killed as car hits vehicle in Lasbela; Naqvi expresses grief

HUB: Five policemen died and two were hurt in a collision between a car and a vehicle included in the SSP ...

Published 20 Jun, 2024 06:01am

Charitable hospitals: PIMA urges govt to retain sales tax exemption

ISLAMABAD: Pakistan Islamic Medical Association (PIMA) has expressed serious concern over the federal government’s...

Published 20 Jun, 2024 06:01am

Mushahid becomes first Pakistani to address BRICS forum

VLADIVOSTOK: Senator Mushahid Hussain Syed became the first Pakistani to address the official International BRICS...

Published 20 Jun, 2024 06:01am

‘IK, Qureshi not allowed to offer Eid prayers in Adiala jail’

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Zain Qureshi has claimed that party founding chairman Imran Khan ...

Published 20 Jun, 2024 06:01am

Appointment of election tribunals: SC to take up ECP’s appeal against LHC’s decision today

ISLAMABAD: The Supreme Court will take up an appeal of the Election Commission of Pakistan (ECP) against the Lahore...

Published 20 Jun, 2024 06:01am

Body of one climber recovered: Search operation to locate Japanese climber called off

ISLAMABAD: The search operation to locate a Japanese climber, who went missing along with another mountaineer, was...

Published 20 Jun, 2024 06:01am

China’s IDCPC minister due today

ISLAMABAD: Minister of the International Department of the Communist Party of China (IDCPC) and member of the...

Published 20 Jun, 2024 06:01am

‘All such cases should be transferred to FIA’: Police have no jurisdiction to probe custodial torture, deaths, rape cases: LHC

LAHORE: The Lahore High Court held the other day that the police have no jurisdiction to investigate the cases...

Published 20 Jun, 2024 06:01am

Punjab yet to develop GHG emissions inventory

LAHORE: Punjab has yet to develop a comprehensive Greenhouse Gas (GHG) emissions inventory, despite significant...

Published 20 Jun, 2024 06:01am

PM lauds Punjab CM, her team for ensuring cleanliness during Eid days

LAHORE: Prime Minister Shehbaz Sharif has appreciated Punjab Chief Minister Maryam Nawaz and her team for ensuring...

Published 20 Jun, 2024 06:01am

CM seeks promotion of investment, trade ties with Spain

LAHORE: “Punjab has rich investment opportunities for Spanish business community in textiles, food processing,...

Published 20 Jun, 2024 06:01am

KMU proposes Rs3.8bn surplus budget

PESHAWAR: Khyber Medical University (KMU) has proposed a surplus budget amounting to Rs3.8 billion for the next...

Published 20 Jun, 2024 06:01am

JI chief urges govt to make efforts aimed at release of Dr Afia

KARACHI: Hafiz Naeemur Rehman, the Central Chief of Jamaat-e-Islami (JI) has called Dr Afia Siddiqui’s trial...

Published 20 Jun, 2024 06:01am

USA

US Senate passes bill to support advanced nuclear energy deployment

WASHINGTON: The US Senate on Tuesday passed a bill to accelerate the deployment of nuclear energy capacity, ...

Published 20 Jun, 2024 06:01am

Europe

Macron angers French left, far right insists no NATO exit

PARIS: President Emmanuel Macron faced accusations of transphobia on Wednesday after criticising an election...

Published 20 Jun, 2024 06:01am

UK inflation slowdown unlikely to shift vote, rate outcomes

LONDON: Britain’s inflation rate has slowed to a near three-year low, official data showed Wednesday, but the ...

Published 20 Jun, 2024 06:01am

South Asia

Indian heatwaves, floods kill 11, with four buried alive

GUWAHATI: India was battling on Wednesday extreme weather that caused severe heatwaves, landslides and floods,...

Published 20 Jun, 2024 06:01am

Enablement of digitalization in Pakistani banking and risk in operations

Introduction: The digital revolution is sweeping across the globe, transforming traditional industries and reshaping...

Published 20 Jun, 2024 06:01am

MENA

Loved ones search for missing as Hajj death toll passes 900

RIYADH: Friends and family searched for missing Hajj pilgrims on Wednesday as the death toll at the annual rituals,...

Published 20 Jun, 2024 06:01am

LWMC disposes of 54,000 tons of waste

LAHORE: The Lahore Waste Management Company has a new record after collecting and disposing of over 54,000 tons of...

Published 20 Jun, 2024 06:01am

At UN, Pakistan underscores need for drive to recover arms from terrorists group

UNITED NATIONS: A senior Pakistani diplomat has called for a “concerted campaign” to recover all weapons from...

Published 20 Jun, 2024 06:01am

Need for setting up mega national desalination plant stressed

KARACHI: Expressing a deep concern that Pakistan has been placed in the category of the critically water insecure...

Published 20 Jun, 2024 06:01am

The Weather

KARACHI: The weather report on Wednesday (June 19, 2024) and the forecast for Thursday (June 20, 2024)....

Published 20 Jun, 2024 06:01am

PM appreciates UAE’s consistent support to Pakistan

ISLAMABAD: Prime Minister Shehbaz Sharif held a telephone conversation with President of the United Arab Emirates...

Updated 20 Jun, 2024 09:38am

India raises crop prices

MUMBAI/NEW DELHI: India on Wednesday raised the government-mandated price for summer-sown crops such as rice, ...

Published 20 Jun, 2024 06:01am

Rates

Marginal decrease

KARACHI: The rupee decreased marginally during the previous week as it lost Re0.31 or 0.11% against the US dollar....

Published 20 Jun, 2024 06:01am

An appraisal of FY25 federal budget

The Federal budget for 2024-25 has been presented in a mixed economic environment characterised by both positive and...

Published 20 Jun, 2024 06:01am

Money & Banking

Yuan steady at 7-month low

HONG KONG: China’s yuan was little changed near seven-month lows against the US dollar on Wednesday, as a vow by...

Published 20 Jun, 2024 06:01am

Money & Banking

Dollar struggles for direction, euro close to 1-1/2-month low

NEW YORK: The dollar struggled for direction on Wednesday while the euro remained close to its recent lows on...

Published 20 Jun, 2024 06:01am

Stocks

China stocks dip as market reform in focus

HONG KONG: China stocks inched lower on Wednesday, with the tech-focused STAR50 index and start-up board ChiNext...

Published 20 Jun, 2024 06:01am

Stocks

Indian shares end flat

BENGALURU: Indian shares ended little changed in a volatile session on Wednesday as a rise in high-weightage private...

Published 20 Jun, 2024 06:01am

Money & Banking

Most Asian currencies largely unchanged

BENGALURU: Equities in Taiwan and South Korea advanced on Wednesday as some of the world’s top chipmaking firms...

Published 20 Jun, 2024 06:01am

Stocks

S&P 500, Nasdaq hit record highs on AI momentum

NEW YORK: The S&P 500 and Nasdaq closed at record highs on Tuesday, buoyed by Nvidia’s continued surge to new...

Published 20 Jun, 2024 06:01am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday June 20, 2024

Published 20 Jun, 2024 06:01am

Letters

G-7 actions: risking greater conflict with Russia

The government, people, and political elite of Pakistan seem largely unaware that the Russia-Ukraine war is taking a...

Published 20 Jun, 2024 06:01am

Balochistan CM says making efforts to present a balanced budget

QUETTA: Balochistan Chief Minister Mir Sarfraz Bugti said that they want to bring a balanced budget in difficult...

Published 20 Jun, 2024 06:01am

Javed Malik organises Global Business Forum in UAE

DUBAI: The Global Business Forum 2024 brought together delegates from over 30 countries in Dubai under the auspices...

Published 20 Jun, 2024 06:01am

Taxes

KPRA asks wedding halls to opt for either fixed sales tax regime or percentage regime

PESHAWAR: Khyber Pakhtunkhwa Revenue Authority has fixed 25th of this month as deadline for the owners of wedding...

Updated 20 Jun, 2024 06:34am

SBP directs IBI to adopt new AAOIFI Shariah Standards

Karachi: The State Bank of Pakistan (SBP) has asked for adoption of Accounting and Auditing Organization for Islamic...

Published 20 Jun, 2024 06:01am

Balochistan budget tomorrow

QUETTA: The Balochistan Government will present its budget for the fiscal year 2024-25 on Friday. According to...

Published 20 Jun, 2024 06:01am

Boeing CEO recognises ‘gravity’ of safety crisis but sees ‘progress’

WASHINGTON: Boeing’s CEO acknowledged to a US congressional panel Tuesday that the company’s culture was imperfect,...

Updated 20 Jun, 2024 09:32am

ATIR members: Appointments must be through open ad, selection process: IHC

ISLAMABAD: Islamabad High Court (IHC) says that Appellate Tribunal Inland Revenue’s members’ appointments shall be...

Updated 20 Jun, 2024 09:39am

Budget reservations: PM invites Bilawal to PM House

ISLAMABAD: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto-Zardari has accepted an invitation from Prime...

Updated 20 Jun, 2024 09:01am

Budget strengthens IMF programme prospects: Fitch

ISLAMABAD: Pakistan’s ambitious fiscal year 2025 budget strengthens prospects for an International Monetary Fund...

Published 20 Jun, 2024 06:01am

Banks have a year to shift clearing from London to EU: Eurex

LONDON: A shift in chunks of euro derivatives clearing from London to European Union countries is now inevitable and...

Updated 20 Jun, 2024 09:33am

Rates

Futures spread up 99bps to 13.27pc

Trading...

Published 20 Jun, 2024 06:01am

Rates

New historic milestones achieved

KARACHI: Pakistan Stock Exchange witnessed bullish trend and hit new historic highest-ever levels during the ...

Published 20 Jun, 2024 06:01am

Payment settlement between KE, govt entities: PM directs PD to present ‘holistic’ solution

NEPRA announces hearing dates on tariffs of KE

Updated 20 Jun, 2024 02:35pm

Naqvi in contact with KP CM over loadshedding issue

ISLAMABAD: In a significant development, Federal Interior Minister Mohsin Naqvi and Khyber Pakhtunkhwa Chief...

Updated 20 Jun, 2024 09:31am

Gandapur threatens to move IMF over dues ‘owed’ by federal govt

PESHAWAR: Chief Minister Khyber Pakhtunkhwa Sardar Ali Amin Gandapur severely criticised the federal government for...

Updated 20 Jun, 2024 09:42am

GST on infant food, milk in phases

ISLAMABAD: The tax policy of introducing sales tax in three stages, starting from 5 percent on infant formula, baby...

Updated 20 Jun, 2024 09:00am

‘Parallel’ ministries/ deptts to be shut down: Aurangzeb

ISLAMABAD: Federal Minister for Finance Senator Muhammad Aurangzeb on Tuesday reiterated the government’s commitment...

Updated 20 Jun, 2024 05:31pm

Companies

PSF manufacturers point out anomaly in Finance Bill 2024

LAHORE: Polyester Staple Fiber (PSF) manufacturers have drawn attention of the anomaly committee of the federal...

Published 20 Jun, 2024 06:01am

Industry

Establishment of Business Facilitation Centres lauded

LAHORE: Member SAARC Chamber and former Senior Vice President Federal Chamber Khawaja Shahzeb Akram have said that...

Published 20 Jun, 2024 06:01am

Industry

SECP directs listed companies to implement anti-harassment policy

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed listed companies to implement an...

Published 20 Jun, 2024 06:01am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 14	280.68
USD PKR Interbank Buying / Apr 14	280.48
USD to Japanese Yen / Apr 14	142.49
USD to Swiss Franc / Apr 14	0.81
Pound Sterling to USD / Apr 14	1.32
Euro to USD / Apr 14	1.14
UK LIBOR % / Apr 11	4.96

Stock	Volume
S&P 500 / Apr 11	5,363.36
India Sensex / Apr 11	75,157.26
Nasdaq / Apr 11	16,724.46
Dow Jones / Apr 11	40,212.71
Tokyo Nikkei / Apr 14	33,982.36
Hang Seng / Apr 14	21,367.90
FTSE 100 / Apr 14	8,113.87
Germany DAX 30 / Apr 14	20,831.83
France CAC40 / Apr 14	7,259.65

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 11	16,785
Gold 10 Grams PKR / Apr 11	290,466
Crude Oil USD/Barrel / Apr 14	61.28
Gold Spot USD/Ounce / Apr 14	3,229.53
Cotton US¢/pound / Apr 14	67.08
Petrol/Litre / Apr 15	254.63
Diesel/Litre / Apr 15	258.64

Gainers
Losers
Leaders

Stock	Price
Pak Agro Pack. (GEM) / Apr 14 Pak Agro Packaging Limited (GEM)(GEMPAPL)	8.84 ▲ 0.99 (12.61%)
Ruby Textile / Apr 14 Ruby Textile Mills Limited(RUBY)	7.80 ▲ 0.86 (12.39%)
Tariq Corporation / Apr 14 Tariq Corporation Limited(TCORP)	14.69 ▲ 1.34 (10.04%)
Secure Logistics / Apr 14 Secure Logistics Group Limited(SLGL)	14.83 ▲ 1.35 (10.01%)
Engro Powergen / Apr 14 Engro Powergen Qadirpur Limited(EPQL)	35.27 ▲ 3.21 (10.01%)
Dandot Cement / Apr 14 Dandot Cement Company Limited(DNCC)	15.29 ▲ 1.39 (10%)
Bawany Air Products / Apr 14 Bawany Air Products Limited(BAPL)	31.80 ▲ 2.89 (10%)
J.K.Spinning / Apr 14 J.K. Spinning Mills Limited(JKSM)	64.35 ▲ 5.85 (10%)
PIA Holding Co.B / Apr 14 PIA Holding Company Limited B(PIAHCLB)	1,462.40 ▲ 132.95 (10%)
Frontier Ceram / Apr 14 Frontier Ceramics Limited(FRCL)	27.50 ▲ 2.5 (10%)

Stock	Price
Habib Ins. / Apr 14 Habib Insurance Company Limited(HICL)	7.95 ▼ -1.26 (-13.68%)
Oilboy Energy(R) / Apr 14 Oilboy Energy Limited(R)(OBOYR2)	1.62 ▼ -0.24 (-12.9%)
Fateh Ind. / Apr 14 Fateh Industries Limited(FIL)	119.56 ▼ -13.27 (-9.99%)
Sindh Abadgar / Apr 14 Sindh Abadgar's Sugar Mills Limited(SASML)	52.50 ▼ -5.83 (-9.99%)
TPL Life Insur. / Apr 14 TPL Life Insurance Limited(TPLL)	49.35 ▼ -5.46 (-9.96%)
Hafiz Ltd. / Apr 14 Hafiz Limited(HAFL)	255 ▼ -26.68 (-9.47%)
Baba Farid Sugar / Apr 14 Baba Farid Sugar Mills Limited(BAFS)	53 ▼ -5.43 (-9.29%)
Mughal Energy / Apr 14 Mughal Energy Limited(GEM)(GEMMEL)	20 ▼ -2.02 (-9.17%)
First Elite Cap.Mod / Apr 14 First Elite Capital Modaraba(FECM)	16 ▼ -1.59 (-9.04%)
Shahzad Tex. / Apr 14 Shahzad Textile Mills Limited(SZTM)	27.26 ▼ -2.61 (-8.74%)

Stock	Volume
Cnergyico PK / Apr 14 Cnergyico PK Limited(CNERGY)	54,444,707 ▲ 0.23
Pak Int.Bulk / Apr 14 Pakistan International Bulk Terminal(PIBTL)	45,023,605 ▲ 0.5
Pak Elektron / Apr 14 Pak Elektron Limited(PAEL)	40,742,036 ▼ -0.01
Sui South Gas / Apr 14 Sui Southern Gas Company Limited(SSGC)	38,084,018 ▲ 2.37
B.O.Punjab / Apr 14 The Bank of Punjab(BOP)	33,174,212 ▲ 0.16
Citi Pharma Ltd / Apr 14 Citi Pharma Limited(CPHL)	25,349,324 ▲ 1.66
WorldCall Telecom / Apr 14 Worldcall Telecom Limited(WTL)	15,776,896 ▲ 0.02
Power Cement / Apr 14 Power Cement Limited(POWER)	14,852,543 ▼ -0.08
Dewan Cement / Apr 14 Dewan Cement Limited(DCL)	14,486,660 ▲ 0.86
K-Electric Ltd. / Apr 14 K-Electric Limited(KEL)	13,484,387 ▼ -0.04

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