News Archives for Print - 2024-06-28

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Print - 2024-06-28

Federal budget and pro-cyclical policy

The federal budget, due to come into effect in the next few days, has continued with the pro-cyclical policy...

Updated 28 Jun, 2024 03:16pm

India: two-faced foreign policy

EDITORIAL: Confirming media reports that India has been providing drones and artillery shells to his country in its...

Published 28 Jun, 2024 06:42am

Country needs Operation Azm-e-Istehkam

The ghastly attacks of September 11, 2001, on Twin Towers, tragically claimed lives of innocent Americans, who left...

Published 28 Jun, 2024 06:42am

A very welcome initiative

EDITORIAL: Education, the building block of socio-economic progress, primarily is a government responsibility. But ...

Published 28 Jun, 2024 06:23am

Excessive govt expenditure

EDITORIAL: If there were any doubts about whether the ruling elite realise the seriousness of the economic crisis...

Published 28 Jun, 2024 06:15am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 27, 2024)....

Published 28 Jun, 2024 05:41am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (June 27, 2024)...

Published 28 Jun, 2024 05:41am

Rates

LME official prices

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

Published 28 Jun, 2024 05:41am

The Weather

KARACHI: The weather report on Thursday (June 27, 2024) and the forecast for Friday (June 28, 2024)...

Published 28 Jun, 2024 05:41am

Various sectors ‘Govt working diligently without discrimination’

LAHORE: Speaker Punjab Assembly Malik Muhammad Ahmad Khan on Thursday said that the current government is working...

Published 28 Jun, 2024 05:41am

Assembly has authority to determine salaries, allowances for memebers

LAHORE: Speaker Malik Muhammad Ahmad Khan on Thursday gave a significant ruling on the point of order raised by...

Published 28 Jun, 2024 05:41am

Asia

China gives cities over $316m in emergency relief amid deadly floods

BEIJING: China has provided more than 2.3 billion yuan ($316.4 million) in funds to help with rescue efforts,...

Published 28 Jun, 2024 05:41am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 144,053 tonnes of cargo comprising 87,854 tonnes of import cargo and 26,199...

Published 28 Jun, 2024 05:41am

NATO can weather political storms in US, France: Stoltenberg

BRUSSELS: NATO chief Jens Stoltenberg on Thursday said the “resilient” military alliance can ride out any...

Published 28 Jun, 2024 05:41am

US Senate body probes 18 oil producers on price collusion with OPEC

WASHINGTON: The US Senate budget committee on Thursday launched a probe of 18 domestic oil producers about any...

Published 28 Jun, 2024 05:41am

China expels former defence minister from Communist Party

BEIJING: Former Chinese defence minister Li Shangfu has been expelled from the ruling Communist Party for causing...

Updated 28 Jun, 2024 07:36am

Europe

‘Climate neutral’ ad claims must be backed up: German court

FRANKFURT, (Germany): Companies in Germany can only promote their products as “climate neutral” if they back up...

Published 28 Jun, 2024 05:41am

Govt making all-out efforts towards ICT promotion: minister

ISLAMABAD: State Minister for Information Technology (IT) and Telecommunication Shaza Fatima Khawaja has said that...

Published 28 Jun, 2024 05:41am

Letters

Rain brings cheers to Karachi residents

It did rain yesterday, albeit briefly. But it significantly lowered temperature in the city of teeming millions,...

Published 28 Jun, 2024 05:41am

Ombudsman orders water distribution on modern lines

KARACHI: Provincial Ombudsman Dr Muhammad Sohail Rajput has said that the Water Board should develop water...

Published 28 Jun, 2024 05:41am

Shortage of water in Block 3-A Gulistan-e-Johar

KARACHI: Shortage of water has made life difficult for the residents of Gulistan-e-Johar Block 3-A. The senior ...

Published 28 Jun, 2024 05:41am

IG Sindh announces free hepatitis, HIV screenings for police force

KARACHI: Inspector General (IG) of Sindh Police Ghulam Nabi Memon announced free screenings for hepatitis and HIV...

Published 28 Jun, 2024 05:41am

Stocks

Major Gulf markets gain on firm oil prices

DUBAI: Major Gulf indexes closed higher on Thursday, as oil prices gained on worries that a potential expansion of...

Published 28 Jun, 2024 05:41am

Stocks

Wall St listless as eyes on crucial inflation data

NEW YORK: US stock indexes were flat on Thursday, as investors assessed a string of economic data ahead of the...

Published 28 Jun, 2024 05:41am

Stocks

European shares subdued ahead of French elections

PARIS: European shares slipped on Thursday on investor caution ahead of crucial global economic data and the first...

Published 28 Jun, 2024 05:41am

Stocks

China stocks end lower as industrial profit growth slows

SHANGHAI: China stocks closed down on Thursday as the country’s industrial profits rose at a much slower pace in...

Published 28 Jun, 2024 05:41am

Stocks

Japan’s Nikkei backpedals as yen intervention risks weigh

TOKYO: Japan’s Nikkei share average fell on Thursday, giving up much of its gains from the previous session, as ...

Published 28 Jun, 2024 05:41am

Grains

Asia rice: High shipping cost dents Indian rates

MUMBAI/BANGKOK/HANOI AND BENGALURU: Indian rice export prices fell this week as demand moderated due to a jump in...

Published 28 Jun, 2024 05:41am

Railways Police return bag with Rs0.8m to owner

LAHORE: The Railways Police, Lahore Division, in an exceptional demonstration of honesty and commitment towards...

Published 28 Jun, 2024 05:41am

OPDs condition in govt hospitals now getting better: ministers

LAHORE: Commending the vice-chancellors, principals and medical superintendents for performing duties in the OPDs of...

Published 28 Jun, 2024 05:41am

LDA DG for digital processing of sifted files

LAHORE: Lahore Development Authority Director General Tahir Farooq directed the Chief IT Officer to establish a...

Published 28 Jun, 2024 05:41am

CM for ensuring timely completion of uplift projects

LAHORE: Chief minister Punjab Maryam Nawaz has directed to ensure timely completion of development projects in any...

Published 28 Jun, 2024 05:41am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (June 27, 2024)....

Published 28 Jun, 2024 05:41am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (June 27, 2024). ======================== Open Bid Rs...

Published 28 Jun, 2024 05:41am

Agriculture and Allied

Punjab govt will provide Rs10bn loans to farmers: minister

LAHORE: Punjab Minister for Agriculture and Livestock Syed Ashiq Hussain Kirmani on Thursday announced that the...

Published 28 Jun, 2024 05:41am

US envoy agrees to strengthen collaboration on welfare initiatives

LAHORE: US Consul General Lahore Kristin K Hawkins has agreed to strengthen collaboration between Pakistan and the ...

Published 28 Jun, 2024 05:41am

Governor gives assent to Punjab Finance Bill 2024

LAHORE: Punjab Governor, Sardar Saleem Haider Khan Thursday assents the Punjab Finance Bill 2024. After the approval...

Published 28 Jun, 2024 05:41am

Shujaat, Elahi resolve family disputes

LAHORE: Former Punjab chief minister Chaudhry Parvez Elahi met with the PML-Q President Chaudhry Shujaat and agreed...

Published 28 Jun, 2024 05:41am

Central Asian states can be beneficiary of CPEC: Aleem

ISLAMABAD: Ambassador of Azerbaijan to Pakistan Khazar Farhadov called on Federal Minister for Privatization, Board...

Published 28 Jun, 2024 05:41am

CTO Islamabad eases concerns of officers

ISLAMABAD: Chief Traffic Officer (CTO) Islamabad Muhammad Sarfraz Virk held an orderly room meeting at Traffic ...

Published 28 Jun, 2024 05:41am

Finally, Punjab to have local govt polls

ISLAMABAD: After failing for over two years to hold local government elections in Punjab, the country’s largest...

Published 28 Jun, 2024 05:41am

NA panels elect chairmen unanimously

ISLAMABAD: The National Assembly Standing Committees of Energy (Petroleum Division), National Food Security and...

Published 28 Jun, 2024 05:41am

PARTLY FACETIOUS: ‘Lions do not hibernate’

“I take strong exception to the army…” “Hush, hush, that is not a…” “Why don’t you let me finish...

Published 28 Jun, 2024 05:41am

Maharaja Ranjit Singh’s statue installed at Gurdwara Kartarpur

LAHORE: The statue of Maharajah Ranjit Sing, the first Sikh ruler of Punjab, has been permanently installed at...

Published 28 Jun, 2024 05:41am

ECP counsel argues why ‘SIC cannot have reserved seats’

ISLAMABAD: Justice Yahya Afridi said when he read that non-Muslims cannot become members of the Sunni Ittehad ...

Published 28 Jun, 2024 05:41am

Vision digitization: Huawei ready to share its experience with Pakistan

SHANGHAI: When the world is ready to mark 2024 as the first year of commercial 5.5G and the integration of AI into a...

Published 28 Jun, 2024 05:41am

IIAP welcomes inaugural flight of ‘Somon Air’ from Dushanbe

KARACHI: Islamabad International Airport (IIAP) on Thursday welcomed the inaugural flight of Somon Air,...

Published 28 Jun, 2024 05:41am

US again urges Pakistan to ‘fulfil’ constitutional, global obligations

WASHINGTON: The United States has once again stressed Pakistan to fulfil its “constitutional and International...

Published 28 Jun, 2024 05:41am

Govt to counter Congress motion thru NA: Dar

ISLAMABAD: A day after the US House of Representatives demanded an independent probe into the February 8 Pakistan...

Published 28 Jun, 2024 05:41am

Rates

Index stays in green zone

KARACHI: A bullish trend continued on Pakistan Stock Exchange on Thursday on the back of investor interest, mainly ...

Published 28 Jun, 2024 05:41am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (June 27, 2024). ======================================= Offset...

Published 28 Jun, 2024 05:41am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (June 27, 2024). ==================================== BR...

Published 28 Jun, 2024 05:41am

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 28 Jun, 2024 05:41am

Forex

Open market rates of foreign currencies

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

Published 28 Jun, 2024 05:41am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR26.368 ...

Published 28 Jun, 2024 05:41am

Commodities

Asia coffee: Vietnam trade muted on low supplies

HANOI/BANDAR LAMPUNG, (Indonesia): Trading activities remained sluggish in Vietnam on thin supplies with domestic...

Published 28 Jun, 2024 05:41am

Cotton & Textile

Spot rate firm amid lean business

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

Published 28 Jun, 2024 05:41am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (June 27, 2024)...

Published 28 Jun, 2024 05:41am

Commodities

Copper rebounds from two-month low

LONDON: Copper prices rose after touching more than two-month lows on Thursday as support from a weaker dollar ...

Published 28 Jun, 2024 05:41am

Commodities

Gold rises as traders brace for US inflation report

BENGALURU: Gold prices rose on Thursday as the dollar softened, with the market spotlight on key US inflation data...

Published 28 Jun, 2024 05:41am

Cotton & Textile

Brazil set to be leading cotton exporter after 80pc surge in shipments

SAO PAULO: Brazil is set to become the world’s largest cotton exporter in 2023/24, knocking the United States from...

Published 28 Jun, 2024 05:41am

Commodities

Iron ore sustains overnight gains

BEIJING: Prices of iron ore futures extended climb for a third session on Thursday, buoyed by top consumer China’s...

Published 28 Jun, 2024 05:41am

Energy

Oil prices up on ME supply worries

HOUSTON: Oil prices rose on Thursday as war in the Middle East kept stoking supply concerns, while an unexpected...

Published 28 Jun, 2024 05:41am

Commodities

Japanese rubber gains

SINGAPORE: Japanese rubber futures rose on Thursday on the back of a Weaker yen, although gains were capped by lower...

Published 28 Jun, 2024 05:41am

Commodities

Gold prices move slightly

KARACHI: Gold prices on Thursday saw a little momentum on the local market despite the global bullion value dropped...

Published 28 Jun, 2024 05:41am

ECC decides to establish pension funds from July 1

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to establish the pension funds from...

Updated 28 Jun, 2024 03:11pm

Energy

US natgas futures end steady

NEW YORK: US natural gas futures held steady on Thursday after a federal report showed last week’s storage build...

Published 28 Jun, 2024 05:41am

OICCI says has identified ‘critical anomalies’

KARACHI: In a letter to the FBR Anomaly Committee, the Overseas Investors Chamber of Commerce and Industry (OICCI)...

Updated 28 Jun, 2024 09:16am

EPQL seeks to buy low BTU gas from PPL’s Kandhkot field

ISLAMABAD: M/s Engro Powergen Qadirpur Limited (EPQL) has reiterated its interest in purchase of 50 MMCFD low BTU...

Updated 28 Jun, 2024 03:12pm

Vitol wins tender from govt-owned LPG company

ISLAMABAD: M/s Vitol Trading Company, the world’s largest energy trading enterprise, has won tender from Pakistan’s...

Updated 28 Jun, 2024 09:56am

Petrol, HSD prices likely to increase

ISLAMABAD: Petrol and high-speed diesel (HSD) prices are likely to increase in Pakistan from July 01, 2024....

Updated 28 Jun, 2024 09:21am

Energy

Gas distribution network: SSGC makes massive investments

KARACHI: For tackling the challenges of reduced gas supply and low pressure issues along with simultaneous increase...

Published 28 Jun, 2024 05:41am

Energy

PPDA protests against ‘hoarding’ by OMCs

KARACHI: The Pakistan Petroleum Dealers Association (PPDA) is agitating against the hoarding of fuel supply by the...

Published 28 Jun, 2024 05:41am

Energy

HCSTS voices concerns over ongoing ‘crackdown’ on LPG gas shops

HYDERABAD: Muhammad Farooq Shaikhani, President, Hyderabad Chamber of Small Traders & Small Industry (HCSTSI),...

Published 28 Jun, 2024 05:41am

MENA

From discounts to live performances: Dubai Summer Surprises launches largest edition

DUBAI: The Dubai Summer Surprises (DSS) – now in its 27th year – will begin today (Friday) and run until September...

Updated 28 Jun, 2024 02:06pm

Power tariff hike, loadshedding: Consumers heap criticism on Nepra at hearing

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Thursday faced criticism from consumers at a...

Updated 28 Jun, 2024 09:23am

Taxes

New taxation steps won’t hurt the poor: Sindh CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Thursday assured the Sindh Assembly that new taxation will not...

Updated 28 Jun, 2024 04:56pm

Taxes

‘Tax net will be broadened with FCCI’s cooperation’

FAISALABAD: Tax net would be broadened with the active cooperation of FCCI so that much needed revenue could be...

Published 28 Jun, 2024 05:41am

Taxes

NTDC: FBR fails to charge minimum tax on turnover

LAHORE: The Federal Board of Revenue (FBR) has failed to charge minimum tax on turnover from the National...

Published 28 Jun, 2024 05:41am

Industry

LCCI, SBP mark Micro, Small & Medium-sized Enterprises Day

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Thursday organized an important event in collaboration with...

Published 28 Jun, 2024 05:41am

Industry

IT industry: Higher taxation to give big boost to brain drain: FPCCI

KARACHI: Atif Iqbal Sheikh, President FPCCI, has raise concerns over the recently announced federal budget 2024–25...

Published 28 Jun, 2024 05:41am

MENA

Alif Investments CEO, who brought some major Pakistani brands to Dubai, believes ‘homework’ is key to success in emirate

DUBAI: For the Pakistani diaspora living in Dubai, places that stoke memories and experiences from back home stand...

Published 28 Jun, 2024 05:41am

Money & Banking

US dollar retreats after weak economic data

NEW YORK/LONDON: The yen edged up from a 38-year low against the US dollar on Thursday, helped by softening US...

Published 28 Jun, 2024 05:41am

Money & Banking

Most Asian currencies largely unchanged

BENGALURU: South Korean shares lost more than 1% on Thursday to mark their worst day in more than two weeks after US...

Published 28 Jun, 2024 05:41am

Companies

Toyota, affiliates to offload some $1bn in Aisin shares

TOKYO: Toyota Motor and two affiliates will sell 33.9 million shares in group supplier Aisin, the companies said on...

Published 28 Jun, 2024 05:41am

Money & Banking

EU watchdog calls out banks for inflating capital buffers

LONDON: Banks in the European Union could be inflating the value of high-risk debt used to plug gaps in capital...

Published 28 Jun, 2024 05:41am

Punjab govt to bring new investments: minister

LAHORE: Punjab Industry and Commerce Minister Chaudhry Shafi Hussain has said that the Punjab government would...

Published 28 Jun, 2024 05:41am

Taxes

PTA rejects discriminatory taxation in Federal Budget 2024 -25

ISLAMABAD: Pakistan Tea Association (PTA) has expressed his profound concerns and apprehensions vis-a-vis proposed...

Published 28 Jun, 2024 05:41am

Companies

NADRA to help KE enhance its service delivery

ISLAMABAD: In a pioneering strategic partnership, the National Database and Registration Authority (NADRA) and...

Published 28 Jun, 2024 05:41am

Industry

ECC approves proposal to launch ‘Risk Coverage Scheme for SMEs’

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Finance Division’s proposal to...

Published 28 Jun, 2024 05:41am

e-invoicing integration: FBR grants licence to Haball

Taxes

Proposed amendments relate to non-filers, wealth statement, foreign assets, and withholding tax-related provisions

Updated 28 Jun, 2024 09:54am

Industry

CM Maryam for developing SMEs

LAHORE: Terming the investment in small businesses essential for economic stability and prosperity, Chief Minister...

Published 28 Jun, 2024 05:41am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.02 ▲ 0.41 (15.71%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.70 ▲ 0.46 (14.2%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
S.G.Power / May 15 S.G. Power Limited(SGPL)	8.65 ▲ 0.94 (12.19%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.83 ▲ 0.63 (12.12%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)

Stock	Price
Olympia Mills / May 15 Olympia Mills Limited(OML)	50.47 ▼ -5.06 (-9.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.65 ▼ -2.64 (-9.01%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	10.04 ▼ -0.91 (-8.31%)
Askari Life Assur. / May 15 Askari Life Assurance Company Limited(ALAC)	4.63 ▼ -0.35 (-7.03%)
Imperial Limited / May 15 Imperial Limited(IML)	16.52 ▼ -1.23 (-6.93%)
B. F. Mod. / May 15 B.F. Modaraba(BFMOD)	8.73 ▼ -0.61 (-6.53%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186.82 ▼ -11.54 (-5.82%)
Equity Modaraba / May 15 First Equity Modaraba(FEM)	2.85 ▼ -0.16 (-5.32%)
Pakgen Power / May 15 Pakgen Power Limited(PKGP)	114.14 ▼ -6.39 (-5.3%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.34 ▼ -0.68 (-5.22%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	50,818,876 ▲ 2.68
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	47,570,881 ▲ 0.48
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	40,246,546 ▲ 0.16
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	32,888,417 ▲ 0.18
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,667,657 ▲ 4.48
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	25,344,612 ▲ 0.91
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,773,148 ▲ 0.29
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	16,962,449 ▲ 3.34
B.O.Punjab / May 15 The Bank of Punjab(BOP)	16,957,410 ▲ 0.15
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	16,572,822 ▲ 0.03

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