News Archives for Print - 2024-06-26

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Print - 2024-06-26

Iran’s military: US slaps sanctions on network it accuses of moving billions

WASHINGTON: The United States on Tuesday imposed sanctions on nearly 50 entities and people it accused of moving...

Published 26 Jun, 2024 03:15am

China’s Chang’e-6 moon probe lands back on Earth

BEIJING: China’s Chang’e-6 lunar probe landed on Tuesday in the northern Chinese region of Inner Mongolia, making...

Published 26 Jun, 2024 03:15am

Azm-e-Istehkam operation: Cabinet taken into confidence

ISLAMABAD: The federal cabinet has been taken into confidence on Azm-e-Istehkam operation with Prime Minister...

Updated 26 Jun, 2024 09:10am

Shibli talks of ‘tyranny of majority’ in upper house

ISLAMABAD: The opposition in the Senate alleged that upper house of the parliament was being ruled by the “tyranny...

Updated 26 Jun, 2024 09:33am

PM admits FY25 budget prepared on IMF’s dictation

ISLAMABAD: Prime Minister Shehbaz Sharif openly admitted on Tuesday that the federal budget for 2024-25 was prepared...

Updated 26 Jun, 2024 09:11am

GCAA-UAE begins Avsec assessment at IIAP

KARACHI: The General Civil Aviation Authority of UAE (GCAA -UAE) has kicked off its aviation security assessment at...

Published 26 Jun, 2024 03:15am

ANF DG’s message on International Day against Drug Abuse & Illicit Trafficking

ISLAMABAD: The rising tide of drug abuse poses an unprecedented challenge to our society, fuelled by insidious...

Published 26 Jun, 2024 03:15am

Trump handed plan to halt US military aid to Kyiv unless it talks peace with Moscow

WASHINGTON: Two key advisers to Donald Trump have presented him with a plan to end Russia’s war in Ukraine - if he...

Published 26 Jun, 2024 03:15am

Europe

Germany’s Covestro unveils cost cuts amid UAE energy firm takeover talks

FRANKFURT, (Germany): German chemical maker Covestro unveiled Tuesday a 400-million-euro ($430-million) cost-cutting...

Published 26 Jun, 2024 03:15am

Europe

More UK police officers accused in election betting scandal

LONDON: Five more police officers allegedly placed bets on the timing of the UK general election, a force...

Published 26 Jun, 2024 03:15am

WikiLeaks’ Assange set to be freed after US espionage charge plea deal

SYDNEY/WASHINGTON: WikiLeaks founder Julian Assange is due to plead guilty on Wednesday to violating US espionage...

Published 26 Jun, 2024 03:15am

South Asia

India’s lawmakers take oath without duo behind bars

NEW DELHI: India’s newly elected lawmakers took the oath of office Tuesday, but without two vocal government...

Published 26 Jun, 2024 03:15am

ICC issues arrest warrants for Russia army chief, ex-minister

THE HAGUE: The International Criminal Court on Tuesday said it had issued arrest warrants for Russia’s top army...

Published 26 Jun, 2024 03:15am

China calls to ‘oppose decoupling’ at economic forum

DALIAN: China’s premier called Tuesday for countries to “oppose decoupling”, as economic tensions simmer...

Published 26 Jun, 2024 03:15am

Companies

Joint venture to set up Google Chromebook assembly line in Pakistan

KARACHI: National Radio & Telecommunication Corporation (NRTC), Allied, an Australian-based manufacturer of...

Updated 26 Jun, 2024 10:29am

The Weather

KARACHI: The weather report on Tuesday (June 25, 2024) and the forecast for Wednesday (June 26, 2024)...

Published 26 Jun, 2024 03:15am

Rates

Equities extend losses

KARACHI: Pakistan Stock Exchange on Tuesday witnessed a mixed trend and after moving in both directions, closed on a...

Published 26 Jun, 2024 03:15am

FAPUASA delegation meets political, govt leaders

LAHORE: A delegation of Federation of All Pakistan Universities Academic Staff Associations (FAPUASA) leadership led...

Published 26 Jun, 2024 03:15am

Economic and social development: Ahsan highlights several critical issues

ISLAMABAD: Minister for Planning Ahsan Iqbal, on Tuesday, highlighted several critical issues regarding the nation's...

Published 26 Jun, 2024 03:15am

Rs34.56trn charged expenditures presented in NA

ISLAMABAD: The federal government presented Rs34.56 trillion charged expenditures including demands for grants and...

Published 26 Jun, 2024 03:15am

Opposition’s 15 cut motions rejected: Punjab Assembly approves 41 demands for grants

LAHORE: The Punjab Assembly on Tuesday approved 41 demands for grants worth Rs 3969.2068 billion, rejecting 15 cut...

Published 26 Jun, 2024 03:15am

Military operation in KP: PTI leader for taking IK into confidence

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Ali Muhammad Khan has said that before starting any military...

Published 26 Jun, 2024 03:15am

PARTLY FACETIOUS: The difference between responses

“There is a wide gap between institutional response versus a politician’s response.” “Why did you use the...

Published 26 Jun, 2024 03:15am

MQM-P demands Sindh govt ‘discard’ proposed finance bill

KARACHI: The MQM asked the government to scrape its proposed finance bill, as the Sindh Assembly on Tuesday echoed...

Published 26 Jun, 2024 03:15am

Garment City project included in ADP: Punjab cabinet approves ‘Plug and Play Garment City’

LAHORE: Punjab cabinet, which met here Tuesday with Chief Minister Maryam Nawaz Sharif in the chair, accorded...

Published 26 Jun, 2024 03:15am

Justice Shujaat takes oath as acting CJ LHC

LAHORE: Justice Shujaat Ali Khan has taken oath as acting Chief Justice of the Lahore High Court (LHC) in a ceremony...

Published 26 Jun, 2024 03:15am

Comprehensive plan finalised for Muharram

LAHORE: The Lahore district administration has chalked out a comprehensive plan for the upcoming events relating to...

Published 26 Jun, 2024 03:15am

Energy

US natgas prices slide on rising output

NEW YORK: US natural gas futures slid about 2% on Tuesday on a slow increase in output and forecasts for less demand...

Published 26 Jun, 2024 03:15am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 119,261 tonnes of cargo comprising 73,716 tonnes of import cargo and 45,545...

Published 26 Jun, 2024 03:15am

Energy

Oil prices steady

HOUSTON: Crude oil prices held steady on Tuesday as investors scrutinized summer driving demand and focused on US...

Published 26 Jun, 2024 03:15am

Stocks

Financials, banks boost Indian shares

BENGALURU: Indian benchmarks settled at record closing highs on Tuesday, posting their best day in more than two...

Published 26 Jun, 2024 03:15am

Stocks

European stocks fall as Nvidia slump hits tech sector

LONDON/SYDNEY: European stocks fell on Tuesday after a 7% drop in chipmaker Nvidia dragged down US tech companies on...

Published 26 Jun, 2024 03:15am

Stocks

China stocks lower as semiconductor shares drag

SHANGHAI: China stocks ended lower on Tuesday, weighed down by semiconductor stocks, ahead of the release of more...

Published 26 Jun, 2024 03:15am

Stocks

Japan’s Nikkei closes at highest since mid-April

TOKYO: Japan’s Nikkei share average rose on Tuesday to its highest close in more than two months, as investors...

Published 26 Jun, 2024 03:15am

Stocks

Nasdaq gains as chip stocks recover ground

NEW YORK: The tech-heavy Nasdaq jumped over 1% on Tuesday, buoyed by strength in Nvidia and other megacaps, while ...

Published 26 Jun, 2024 03:15am

Letters

Karachi needs greenery infrastructures

The soaring mercury has begun to exact its toll on Karachi as well where at least 20 people have apparently died of...

Published 26 Jun, 2024 03:15am

Women, non-Muslims ‘No allocation of reserved seats to parties that have already availed their share’

ISLAMABAD: Justice Ayesha A Malik said the reserved seats of women and non-Muslims cannot be allocated to the ...

Published 26 Jun, 2024 03:15am

Audio leaks case: SC rejects AAG’s plea seeking ‘in-chamber’ hearing

ISLAMABAD: The Islamabad High Court (IHC), Tuesday, rejected the additional attorney general’s request to hold an...

Published 26 Jun, 2024 03:15am

Fear, fright, flight cultures

A team that was the most exciting cricket story in 2022 becomes a butt of jokes. A team that boasted of the most...

Published 26 Jun, 2024 03:15am

A new dawn

No sensible person with a solid grasp of history and a keen understanding of the intricate dynamics of economics,...

Published 26 Jun, 2024 03:15am

Inappropriate language against Bilawal: IHC accepts Rashid’s plea seeking quashment of cases

ISLAMABAD: The Islamabad High Court (IHC), Tuesday, accepted former federal minister Sheikh Rashid Ahmed’s ...

Published 26 Jun, 2024 03:15am

‘Unless there’s political input’ Budget will be ‘by the babus, for the babus and of the babus,’ says Bilawal

ISLAMABAD: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto-Zardari has said that unless and until there is...

Published 26 Jun, 2024 03:15am

8 members of a family killed in Peshawar

PESHAWAR: Eight members of a family were massacred in Peshawar over a property dispute on Tuesday. The gunmen...

Published 26 Jun, 2024 03:15am

Budget session: IPP leaders meet NA Speaker, by Speaker

ISLAMABAD: In the National Assembly the Parliamentary delegation of Istehkam-e-Pakistan Party (IPP) led by Federal...

Published 26 Jun, 2024 03:15am

ISSI celebrates its 51st anniversary: Dar speaks about country’s foreign policy

ISLAMABAD: The Institute of Strategic Studies Islamabad (ISSI) celebrated the 51st anniversary of its founding on...

Published 26 Jun, 2024 03:15am

Suspension of sentence in Iddat case: Court reserves verdict on pleas of IK, Bushra

ISLAMABAD: A local court on Tuesday reserved its verdict on Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and ...

Published 26 Jun, 2024 03:15am

Country to welcome first spell of monsoon very soon

KARACHI: Amid a searing heatwave, Pakistan is poised to welcome its first monsoon rains this week, the Met Office...

Published 26 Jun, 2024 03:15am

Rates

LME official prices

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

Published 26 Jun, 2024 03:15am

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 26 Jun, 2024 03:15am

Forex

Open market rates of foreign currencies

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

Published 26 Jun, 2024 03:15am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (June 25, 2024). ======================== Open Bid Rs...

Published 26 Jun, 2024 03:15am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (June 25, 2024)....

Published 26 Jun, 2024 03:15am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 25, 2024)....

Published 26 Jun, 2024 03:15am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (June 25, 2024)...

Published 26 Jun, 2024 03:15am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (June 25, 2024). ======================================= Offset...

Published 26 Jun, 2024 03:15am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (June 25, 2024). ==================================== BR...

Published 26 Jun, 2024 03:15am

Sugar export: Govt to scrap permission if retail prices raised

ISLAMABAD: The government has clearly conveyed that permission to export 0.150 million metric tonnes of sugar will...

Updated 26 Jun, 2024 09:34am

Islamabad Airport outsourcing: PPRA board to consider aviation ministry’s proposal today

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has convened a special meeting of its board on...

Updated 26 Jun, 2024 09:39am

PPP decides to vote for budget

ISLAMABAD: Pakistan Peoples Party (PPP) will vote for the Budget-2024-25 to prevent instability in the country....

Updated 26 Jun, 2024 09:34am

FBR may block bank accounts of non-filers

Sources inform proposal was part of the original Finance Bill 2024, but the same was not passed

Updated 26 Jun, 2024 01:33pm

Aurangzeb issues warning to retailers

Pledges to bring about structural reforms to fix the low tax base

Updated 26 Jun, 2024 10:25am

Historic receivables, payments: KE urges PD to help settle the dispute

ISLAMABAD: The K-Electric (KE) has sought Power Division’s support in achieving an amicable resolution to the issue...

Updated 26 Jun, 2024 09:08am

Rs14bn of EDS: FBR points out ambiguity in reconciliation

ISLAMABAD: The Federal Board of Revenue (FBR) has pointed out an ambiguity in reconciliation of Rs 14 billion of...

Updated 26 Jun, 2024 09:35am

CDC relaxes fees for sub-account holders, CDS connection

KARACHI: The Central Depository Company of Pakistan Limited (CDC) has completely eliminated Annual Maintenance Fee...

Updated 26 Jun, 2024 09:11am

Jewellery exports in jeopardy due to FBR’s policy: PGJTEA

KARACHI: The export of gold jewellery from Pakistan is in jeopardy due to the Federal Board of Revenue's (FBR) new...

Published 26 Jun, 2024 03:15am

Taxes

Food items: Additional tax to increase pressure on masses: Mian Zahid

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 26 Jun, 2024 03:15am

Taxes

IR field formations to remain open on 28th, 29th & 30th

ISLAMABAD: The Federal Board of Revenue (FBR) has directed Inland Revenue field formations to remain open on June 28...

Published 26 Jun, 2024 03:15am

Taxes

Cos, AOPs and salaried class: Draft of e-IT return forms unveiled

ISLAMABAD: The Federal Board of Revenue (FBR) has issued draft of the electronic income tax return forms for...

Published 26 Jun, 2024 03:15am

Commodities

Gold prices fall

KARACHI: The local gold prices on Tuesday inched down but silver stood unchanged, traders said. The precious metal...

Published 26 Jun, 2024 03:15am

FTR abolition to cause negative impact on economy: PFVA

KARACHI: Pakistan Fruit and Vegetable Exporters Association (PFVA) has warned that abolition of the fixed tax regime...

Published 26 Jun, 2024 03:15am

Taxes

Bodies representing exporters flay taxation plans

KARACHI: Pakistan’s all exports associations on Tuesday criticized the federal government for its taxation plans...

Published 26 Jun, 2024 03:15am

Industry

PCMEA team visits LCCI

LAHORE: A delegation from the Pakistan Carpet Manufacturers and Exporters Association (PCMEA) during a visit to the...

Published 26 Jun, 2024 03:15am

Industry

ACCA report explains how accountants help SMEs overcome challenges

LAHORE: Empathy, adaptability and the human touch are vital to SMEs navigating through today’s dynamic and...

Published 26 Jun, 2024 03:15am

Industry

SVP FCCI says main objective of chamber is to resolve collective issues

FAISALABAD: Every trade, sector and subsector has been given due representation through concerned standing ...

Published 26 Jun, 2024 03:15am

Commodities

Iron ore pares losses

BEIJING: Iron ore futures prices pared losses on Tuesday, helped by demand for the key steelmaking ingredient and...

Published 26 Jun, 2024 03:15am

Commodities

Japanese rubber futures rise on Shanghai gains

SINGAPORE: Japanese rubber futures rose for a second session to hit a more-than-one-week high on Tuesday, tracking...

Published 26 Jun, 2024 03:15am

Commodities

Copper slips, China demand angst dominates mood

LONDON: Copper prices slipped on Tuesday as a firmer dollar spurred a bout of selling, with stalled demand growth in...

Published 26 Jun, 2024 03:15am

Commodities

Gold slides as investors await more clarity on US rate path

LONDON: Gold prices fell on Tuesday as investors awaited the US inflation data due later this week to gain more...

Published 26 Jun, 2024 03:15am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 18.330 billion...

Published 26 Jun, 2024 03:15am

Commodities

Malaysian palm oil falls to six-week low on poor exports

BEIJING: Malaysian palm oil futures ended a near six-week low on Tuesday, falling for a third consecutive session,...

Published 26 Jun, 2024 03:15am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (June 25, 2024)...

Published 26 Jun, 2024 03:15am

Cotton & Textile

Modest business on cotton market

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

Published 26 Jun, 2024 03:15am

Money & Banking

US dollar gains

NEW YORK: The US dollar rose against most major currencies on Tuesday, bolstered by hawkish comments from a Federal...

Published 26 Jun, 2024 03:15am

Money & Banking

Asian currencies: S Korea won, Indonesian rupiah rally

MANILA: Most Asian currencies posted modest gains against the dollar on Tuesday as investors awaited key US events...

Published 26 Jun, 2024 03:15am

Taxes

18pc sales tax on packaged milk: Senate proposal offers lifeline

KARACHI: The National Budget 2024-25 originally proposed an 18% sales tax on packaged milk, a measure intended to...

Published 26 Jun, 2024 03:15am

Education: Khurshidi’s argument makes big sense

EDITORIAL: It is astonishing how Sindh Education Minister Sardar Shah revealed that 14,000 schools in his province...

Published 26 Jun, 2024 03:15am

Bank deposits of non-filers

EDITORIAL: Atif Ikram Sheikh, President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and...

Published 26 Jun, 2024 03:15am

AJK govt unveils over Rs220bn FY2024-25 budget

MIRPUR: The Azad Jammu & Kashmir (AJK) government on Tuesday presented a budget of over Rs 220 billion for the...

Published 26 Jun, 2024 03:15am

Industry

CCP approves acquisition of two products of Eisai by Hilton Pharma

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of two pharmaceutical products...

Published 26 Jun, 2024 03:15am

Industry

Federal Minister of Industries & Production visit Turkmenistan

ISLAMABAD: Rana Tanveer Hussain, Federal Minister of Industries and Production, paid an official visit to...

Published 26 Jun, 2024 03:15am

Industry

Three governors from Nigeria's states visit LCCI

LAHORE: Three governors from Nigeria's northern states visited the Lahore Chamber of Commerce and Industry and met...

Published 26 Jun, 2024 03:15am

Companies

‘PSO Shaheen Program’ launched

KARACHI: Pakistan State Oil (PSO), the nation’s leading Energy Company has announced the launch of the PSO Shaheen...

Published 26 Jun, 2024 03:15am

Companies

K2 Jubilee Expedition commences

SKARDU: The K2 Jubilee Expedition, comprising a team of Pakistani and Italian women climbers, commenced with an...

Published 26 Jun, 2024 03:15am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 28	278.45
USD PKR Interbank Buying / Jun 28	278.25
USD to Japanese Yen / Jun 28	160.88
USD to Swiss Franc / Jun 28	0.90
Pound Sterling to USD / Jun 28	1.26
Euro to USD / Jun 28	1.07

Stock	Volume
S&P 500 / Jun 28	5,460.48
India Sensex / Jun 28	79,032.73
Tokyo Nikkei / Jun 28	39,583.08
Nasdaq / Jun 28	17,732.60
Hang Seng / Jun 28	17,718.61
FTSE 100 / Jun 28	8,164.12
Dow Jones / Jun 28	39,118.86
Germany DAX 30 / Jun 28	18,235.45

Item	Value
Crude Oil USD/Barrel / Jun 28	81.54
Karachi Cotton PKR/37.32 KG / Jun 28	18,735
Gold 10 Grams PKR / Jun 28	207,219
Gold Spot USD/Ounce / Jun 28	2,326.75
Cotton US¢/pound / Jun 28	72.69
Petrol/Litre / Jul 1	258.16

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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