News Archives for Print - 2024-06-24

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Print - 2024-06-24

US slaps sanctions on leaders of Russia software firm Kaspersky

WASHINGTON: The United States unveiled sanctions Friday against 12 top leaders of the Russia-based cybersecurity ...

Published 24 Jun, 2024 08:45am

Middle East

More than 1,000 die in Hajj amid scorching temperatures

CAIRO/RIYADH, June 23 (Reuters) - More than 1,000 people died during Hajj this year, according to a Reuters tally, ...

Published 24 Jun, 2024 08:35am

Middle East

Drone attack damages merchant ship in Red Sea: UK agency

DUBAI: A drone attack damaged a merchant ship in the Red Sea near Yemen early Sunday morning, though no injuries ...

Published 24 Jun, 2024 08:30am

Nicaragua names envoy to Taliban-run Afghanistan

MANAGUA: Nicaragua has appointed an ambassador to Afghanistan, local media reported, in a rare move increasing ties...

Published 24 Jun, 2024 08:27am

Eurozone business activity growth slows sharply in June

BRUSSELS: The growth of business activity in the eurozone slowed down in June after the manufacturing sector posted...

Updated 24 Jun, 2024 08:38am

Gaza: if you wrong us, shall we not revenge?

“If you prick us, do we not bleed? If you poison us don’t, we die? If you wrong us, shall we not revenge?” is...

Published 24 Jun, 2024 07:41am

Fixed charges: boon or bane for electricity consumers?

With the recent Discos tariff determination by power regulator Nepra, fixed charges have been introduced for ...

Published 24 Jun, 2024 07:33am

KP’s power woes

EDITORIAL: There appears to be little evidence, so far, of a sensible solution to the dispute that has erupted...

Published 24 Jun, 2024 07:31am

Stock market growth mirage

The stock market is booming, and the KSE 100 index has almost doubled in the past year. The market is at an all-time...

Published 24 Jun, 2024 07:25am

The FY25 budget

“I am from the corporate world”, Muhammad Aurangzeb, Federal Finance Minister, proudly stated in a post-budget...

Published 24 Jun, 2024 07:21am

Budget strengthens IMF deal prospects?

EDITORIAL: The rating agency Fitch reaffirmed Pakistan’s rating at CCC reflective of continuing external funding...

Published 24 Jun, 2024 07:16am

Karachiites protest against inflated bills, loadshedding

KARACHI: Protests against loadshedding and over billing erupted at 22 locations across the city, with the central...

Published 24 Jun, 2024 07:01am

Budget: govt accepts all PPP demands?

Sources say government agrees to prefer PPP for development funds

Updated 24 Jun, 2024 09:32am

Foreign travel ban on non-filers: NICOP holders, minors, students to be exempted

Tax expert questions how FBR would impose ban on non-filers (family members), who are actually dependent on the filer

Updated 24 Jun, 2024 01:33pm

Disposal of immovable property: 15pc flat rate on gain proposed

ISLAMABAD: Finance Bill 2024 has proposed a flat rate of 15 percent on gain from disposal of immovable property...

Updated 24 Jun, 2024 08:41am

Parties stand divided over anti-terrorism operation

ISLAMABAD: The National Assembly’s budget session began on a stormy note on Sunday with Pakistan...

Updated 24 Jun, 2024 09:00am

Centre approves FC deployment in AJK

ISLAMABAD: Aimed at improving the security situation, the federal government approved on Sunday to deploy Frontier...

Updated 24 Jun, 2024 08:42am

Higher education: FAPUASA expresses its dismay over govt policies

LAHORE: Federation of All Pakistan Universities Academic Staff Association on Sunday expresses dismay over the...

Published 24 Jun, 2024 07:00am

Punjab police intensify ‘Drug-Free Punjab Campaign’

LAHORE: Under the directive of Chief Minister Punjab, Maryam Nawaz Sharif, the Punjab Police’s crackdown continues...

Published 24 Jun, 2024 07:00am

PDMA issues alert regarding monsoon rains

LAHORE: Punjab Disaster Management Authority (PDMA) has issued an alert regarding monsoon rains. Director General...

Published 24 Jun, 2024 07:00am

JI organises protests against hike in power tariffs, load-shedding

LAHORE: Jamaat-e-Islami (JI) organized nationwide protest demonstrations on Sunday against the high cost of...

Published 24 Jun, 2024 07:00am

Commissioner Karachi Donkey Cart Race held

KARACHI: Commissioner Karachi Donkey Cart Race was held on Sunday which started from the ICI Bridge and concluded ...

Published 24 Jun, 2024 07:00am

Body formed to probe damage to Sukkur Barrage gates

KARACHI: Minister of Irrigation Jam Khan Shoro has formed a five-member investigative committee to probe into the...

Published 24 Jun, 2024 07:00am

BNP-A chief seeks launch of CPEC’s 2nd phase from Gwadar

QUETTA: Balochistan National Party-Awami (BNP-A) Chief, MPA Mir Asadullah Baloch said on Sunday said if the second...

Published 24 Jun, 2024 07:00am

‘Environmental conditions pose threats to health and livelihoods’

HYDERABAD: Speakers at a workshop emphasized that worsening environmental conditions pose severe threats to human...

Published 24 Jun, 2024 07:00am

CM reiterates govt’s commitment to improve public service

LAHORE: “Today is a day to reiterate the government’s commitment to improve public service,” said Chief...

Published 24 Jun, 2024 07:00am

The Weather

KARACHI: The weather report on Sunday (June 23, 2024) and the forecast for Monday (June 24, 2024)....

Published 24 Jun, 2024 07:00am

Rates

No change

KARACHI: The rupee remained unchanged against the US dollar as it closed at 278.51, the same as it had closed the...

Published 24 Jun, 2024 07:00am

Rates

PSX witnesses bullish trend

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing two-day trading week ended on June 21,...

Published 24 Jun, 2024 07:00am

Funeral prayer for Dolphin Force constable offered

LAHORE: The funeral prayer for Dolphin Force Constable Muhammad Adnan was held at Police Lines Qila Gujjar Singh. ...

Published 24 Jun, 2024 07:00am

Excess fares: Over Rs0.3m fine imposed on vehicles

KARACHI: The Sindh Transport and Mass Transit Department checked 891 vehicles on inter-city and inter-provincial...

Published 24 Jun, 2024 07:00am

Corps Commander Balochistan visits Sikh Gurdwara

QUETTA: Corps Commander Balochistan Corps, Lieutenant General Rahat Naseem Ahmed Khan, visited Sikh Gurdwara in...

Published 24 Jun, 2024 07:00am

GMO seeds to cause ‘agricultural slavery’: PDP chief

KARACHI: Genetically Modified Organism (GMO) seeds would bring an agricultural slavery in Pakistan besides diseases,...

Published 24 Jun, 2024 07:00am

HEC signs contract to automate Pakistani universities

ISLAMABAD: The Higher Education Commission (HEC) via its Higher Education Development Programme in Pakistan (HEDP)...

Updated 24 Jun, 2024 08:43am

CCPO inquires after injured Dolphin Force personnel

LAHORE: The Police Officers and Personnel who did not care for their own safety in the line of duty are our valuable...

Published 24 Jun, 2024 07:00am

Three ‘car lifters’ killed by Islamabad police in encounter

ISLAMABAD: Islamabad Police had an early morning encounter with the notorious interprovincial car-lifting gang....

Published 24 Jun, 2024 07:00am

Mangi Dam construction: Balochistan govt releases Rs861m in FY 2023-24

QUETTA: The incumbent Balochistan government has released Rs861 million in the current financial year 2023-24 to...

Published 24 Jun, 2024 07:00am

KP to receive Rs1212bn in the head of federal transfers

PESHAWAR: The KP government will receive an estimated amount of Rs 1212 billion in head of federal transfers from...

Updated 24 Jun, 2024 09:17am

Shutter-down strike observed in Ziarat

ZIARAT: Unidentified miscreants opened fire at the residence of Provincial Secretary Information, JUI-F, Dilawar ...

Published 24 Jun, 2024 07:00am

KP governor says PTI govt has caused immense harm to all sectors, including healthcare

PESHAWAR: Governor Khyber Pakhtunkhwa Faisal Karim Kundi has said that all sectors including health have been pushed...

Published 24 Jun, 2024 07:00am

Five martyred soldiers laid to rest

RAWALPINDI: Five soldiers martyred in a landmine explosion in Kurram district were laid to rest with full military...

Published 24 Jun, 2024 07:00am

23 persons arrested in Swat lynching case

PESHAWAR: As many as 23 persons were arrested in connection with lynching of alleged blasphemer in Madyan Swat, a...

Published 24 Jun, 2024 07:00am

Zartaj Gul made SIC parliamentary leader

ISLAMABAD: PTI leader and MNA Zartaj Gul appointed as the parliamentary leader of Sunni Ittehad Council (SIC) in...

Published 24 Jun, 2024 07:00am

NA passes resolution, condemning counrtywide mob lynching incidents

ISLAMABAD: The National Assembly on Sunday adopted a resolution, strongly condemning the horrific and tragic...

Published 24 Jun, 2024 07:00am

Zardari to review Sindh law & order situation

KARACHI: President Asif Ali Zardari will chair a meeting over law and order situation in Sindh on Monday (today). IG...

Published 24 Jun, 2024 07:00am

Deployment of FC in AJK discussed: Naqvi, PM discuss KP situation

LAHORE: Interior Minister Syed Mohsin Raza Naqvi called on Prime Minister Shahbaz Sharif, here at his Model Town...

Published 24 Jun, 2024 07:00am

PTI, JUI-F reject Azm-e-Istehkam Operation

ISLAMABAD: In a rare show of unity, Pakistan Tehreek-e-Insaf (PTI) and Jamiat Ulema-e-Islam-Fazal (JUI-F) agreed on...

Published 24 Jun, 2024 07:00am

Initial studies of sea voyage being carried out: Iranian CG

KARACHI: Sindh Energy Minister Syed Nasir Hussain Shah has said that Pakistan and Iran has brotherly relations and...

Published 24 Jun, 2024 07:00am

PHA launches botanical garden project in Murree

LAHORE: The Parks and Horticulture Authority (PHA) of Lahore has begun work on establishing a cutting-edge botanical...

Published 24 Jun, 2024 07:00am

PM describes protection of citizens and foreigners as ‘paramount state priority’

LAHORE: Prime Minister Shehbaz Sharif affirmed the protection of Pakistani citizens and foreigners in Pakistan as a...

Updated 24 Jun, 2024 09:31am

Cotton & Textile

Weekly Cotton Review: Spot rate decreases by Rs1700/maund

KARACHI: Significant decline in cotton prices. Spot rate decreased by Rs 1700 per maund. Mills make cautious...

Published 24 Jun, 2024 07:00am

Pak-Afghan trade declining since Taliban’s return to power: PBF

KARACHI: Pakistan Business Forum (PBF) Central Vice President Ahmad Jawad has said that the flow of Afghan transit...

Published 24 Jun, 2024 07:00am

Letters

Banning social media for children and teenagers

During my tenure as Press Minister at the Embassy of Pakistan in France, I once attended a dinner with the ...

Published 24 Jun, 2024 07:00am

Commodities

Prices of essential kitchen items show mixed trend

PESHAWAR: Prices of important kitchen, grocery items, except vegetables remained high in the retail market, ...

Published 24 Jun, 2024 07:00am

Stocks

Australia shares end flat

SYDNEY: Australian shares ended flat on Thursday as losses in the technology and healthcare stocks countered gains ...

Published 24 Jun, 2024 07:00am

Stocks

Saudi shares rise after holiday break as most Gulf markets dip

DUBAI: Saudi and Egyptian stocks climbed on Sunday, supported by broad-based gains as investors returned from a...

Published 24 Jun, 2024 07:00am

Stocks

FTSE 100 snaps five-week losing streak

LONDON: London stocks closed the week on a positive note after domestic inflation fell to the Bank of England’s 2%...

Published 24 Jun, 2024 07:00am

Stocks

Nikkei closes lower

TOKYO: Japan’s Nikkei share average closed slightly lower on Friday as losses in technology shares overshadowed...

Published 24 Jun, 2024 07:00am

Stocks

Wall Street Week Ahead: Rally in US big tech stocks may be getting stretched

NEW YORK: A blistering rally in US big tech stocks may be due for a breather, offering hope for market segments that...

Published 24 Jun, 2024 07:00am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday June 24, 2024

Published 24 Jun, 2024 07:00am

Cotton

Textile industry, labourers, rural livelihood: Cotton area shortfall constitutes challenge

MULTAN: The agriculture sector is facing a challenge as the cotton cultivation target fell short by 21 percent, ...

Published 24 Jun, 2024 07:00am

Taxes

Scope of ‘tax fraud’ phrase widened

ISLAMABAD: The issuance of sales tax invoice without actual supply of goods in the market would now be considered a...

Published 24 Jun, 2024 07:00am

Salt industry rejects federal budget

ISLAMABAD: The Salt Manufacturers Association of Pakistan (SMAP) has expressed deep concern over the proposed shift...

Published 24 Jun, 2024 07:00am

Fata and Pata: PALSP says tax exemptions will ‘destroy economy’

ISLAMABAD: Steel & Edible Oil & Ghee industries are deeply concerned over reports of govt’s intention to...

Published 24 Jun, 2024 07:00am

PFVA demands restoration of 1pc tax regime

KARACHI: Fruit and vegetable exporters have rejected the new proposed tax regime for exporters and demanded...

Updated 24 Jun, 2024 08:44am

Non-performing bank loans: Finance bill proposes amendments in 7th Schedule

ISLAMABAD: Finance Bill 2024 has proposed amendments in Seventh Schedule (Banking Schedule) of the Income Tax...

Updated 24 Jun, 2024 08:47am

500 new industrial units set up in KP: EZDMC

PESHAWAR: The result-oriented measures taken by the Khyber Pakhtunkhwa Economic Zones Development and Management...

Published 24 Jun, 2024 07:00am

Value-added textile exporters reject 29pc standard taxation

LAHORE: Value-added textile exporters have rejected the proposed shift from one percent turnover-based Final Tax...

Updated 24 Jun, 2024 12:33pm

‘Too many’ indirect taxes in budget will fuel poverty: NBG

KARACHI Chairman of National Business Group Pakistan, Mian Zahid Hussain has said that some conditions of the...

Published 24 Jun, 2024 07:00am

Money & Banking

Australian dollar hits highs on yen and euro as rates diverge

SYDNEY: The Australian dollar was heading for hefty weekly gains on Friday as a diverging outlook for interest rates...

Published 24 Jun, 2024 07:00am

Money & Banking

Indian rupee ends higher

MUMBAI: The Indian rupee ended higher on Friday as mild inflows and exporter dollar sales lifted the currency after...

Published 24 Jun, 2024 07:00am

Money & Banking

Canadian dollar weakens against the greenback

TORONTO: The Canadian dollar fell against its broadly stronger US counterpart on Friday as preliminary domestic data...

Published 24 Jun, 2024 07:00am

Money & Banking

Mexican peso jumps

BRASILIA: The Mexican peso climbed to a two-week high against the dollar on Friday as investors cheered...

Published 24 Jun, 2024 07:00am

Money & Banking

Japan issues fresh warning against yen bears as currency slides

TOKYO: Japanese authorities are ready to take action against speculative and excessively volatile moves in the...

Published 24 Jun, 2024 07:00am

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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