News Archives for Print - 2024-06-29

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Print - 2024-06-29

Democrats scramble after Biden’s wobbly debate with Trump

WASHINGTON: President Joe Biden’s allies scrambled on Friday to contain the damage from his feeble debate...

Published 29 Jun, 2024 06:40am

Global watchdog adds Monaco to money laundering ‘grey list’

PARIS: Global anti-money laundering watchdog the Financial Action Task Force (FATF) said Friday it had added Monaco...

Published 29 Jun, 2024 06:40am

Middle East

UAE cuts Friday sermons at mosques over sizzling heat

DUBAI: The United Arab Emirates has shortened Friday sermons at mosques to protect worshippers from severe heat, ...

Published 29 Jun, 2024 06:40am

World Cup T20 2024: Lack of coordination, team spirit led to debacle of team

LAHORE: Lack of coordination and team spirit among the players during the mega event of World Cup T20 2024 led to...

Published 29 Jun, 2024 06:40am

‘CMWs empowerment led to positive results’

KARACHI: Community Midwives (CMWs) are frontline first contact healthcare heroes whose services are indispensable to...

Published 29 Jun, 2024 06:40am

IPP nominates new officials for 11 districts

LAHORE: The Istehkam-e-Pakistan Party (IPP), with the approval of its President Abdul Aleem Khan, has announced new...

Published 29 Jun, 2024 06:40am

Ombudsman selects 10 SMIU students as ‘brand ambassadors’

KARACHI: In a significant move to promote administrative justice and civic responsibilities, the Sindh Ombudsman has...

Published 29 Jun, 2024 06:40am

The Weather

KARACHI: The weather report on Friday (June 28, 2024) and the forecast for Saturday (June 029, 2024)...

Published 29 Jun, 2024 06:40am

Operation Azm-e-Istehkam in KP: ‘Terrorism should not be associated with only one province’

PESHAWAR: While referring to announcement of Operation Azm-e-Istehkam in Khyber Pakhtunkhwa province against...

Published 29 Jun, 2024 06:40am

Punjab govt wants to launch health insurance in better form: Minister

LAHORE: Punjab Health Minister Khawaja Salman Rafique has said that the Punjab government wants to launch the...

Published 29 Jun, 2024 06:40am

Sahiwal hospital incident: LHC reserves verdict on YDA plea seeking judicial inquiry

LAHORE: The Lahore High Court on Friday reserved its verdict on a petition by the Young Doctors Association (YDA)...

Published 29 Jun, 2024 06:40am

LDA demolishes several illegal buildings

LAHORE: In an operation against illegal construction, the Lahore Development Authority on Friday demolished several...

Published 29 Jun, 2024 06:40am

KCCI to hold free medical camp today

KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) in collaboration with Dr Essa’s Laboratory &...

Published 29 Jun, 2024 06:40am

Justice Ali Baqar overrules office objection

LAHORE: Justice Ali Baqar Najafi of the Lahore High Court (LHC) on Friday overruled an office objection on a ...

Published 29 Jun, 2024 06:40am

Agriculture and Allied

Cultivation in palm oil sector to cut edible oil imports

HYDERABAD: In a groundbreaking development, Sindh Agriculture University (SAU), Tando Jam, has successfully ...

Published 29 Jun, 2024 06:40am

BISP Chairperson meets KfW Development Bank delegation

ISLAMABAD: Chairperson Benazir Income Support Programme (BISP) and former senator Rubina Khalid met a delegation of...

Published 29 Jun, 2024 06:40am

AC again delayed indictment of Elahi, others

LAHORE: An accountability court on Friday again delayed the indictment of former Punjab chief minister Pervez Elahi...

Published 29 Jun, 2024 06:40am

KP cabinet approves formation of commission to probe May 9 incidents

PESHAWAR: Khyber Pakhtunkhwa cabinet has approved the establishment of a Judicial Commission to probe into the 9th...

Published 29 Jun, 2024 06:40am

Adiala Jail affairs: IK moves IHC, seeking judicial intervention

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan has moved the Islamabad High Court (IHC) seeking...

Published 29 Jun, 2024 06:40am

Digital rights protection matter to be discussed with journalists: Tarar

ISLAMABAD: Federal Minister for Information Attaullah Tarar on Friday emphasized on the strong bond between the...

Published 29 Jun, 2024 06:40am

Al-Qadir Trust case: NAB approaches SC against grant of bail to IK by IHC

ISLAMABAD: The National Accountability Bureau (NAB) approached the Supreme Court to set aside the Islamabad High...

Published 29 Jun, 2024 06:40am

Stocks

China stocks reverse losses as investors digest US presidential debate

SHANGHAI: China stocks reversed losses at market close on Friday as the first 2024 US presidential election debate...

Published 29 Jun, 2024 06:40am

Stocks

Japan’s Topix reaches 34-year peak as financials gain

TOKYO: Japan’s Topix stock index climbed to a 34-year high on Friday, as banks gained amid a gradual rise in...

Published 29 Jun, 2024 06:40am

Civil, military officials briefed about likely monsoon challenges

LAHORE: Both civil and military establishments are receiving briefings from meteorological department, irrigation...

Published 29 Jun, 2024 06:40am

HRCP urges UN to reconsider Doha talks with Taliban

LAHORE: The Human Rights Commission of Pakistan (HRCP) has raised concerns over the United Nations (UN) led talks...

Published 29 Jun, 2024 06:40am

KOICA official meets UAF VC

FAISALABAD: Korea International Cooperation Agency (KOICA) Project Officer Yeonkyung Joh visited University of...

Published 29 Jun, 2024 06:40am

FAPUASA seeks required funds for universities

LAHORE: The Federation of All Pakistan Universities Academic Staff Association (FAPUASA) under the leadership of...

Published 29 Jun, 2024 06:40am

First one hundred days: Maryam spells out govt’s accomplishments

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif on Friday expressed pride in the accomplishments of her government...

Published 29 Jun, 2024 06:40am

Contempt case: SC accepts unconditional apologies of Vawda, Kamal

ISLAMABAD: The Supreme Court accepted the unconditional apologies of Senator Faisal Vawda and MQM MNA Mustafa Kamal...

Published 29 Jun, 2024 06:40am

Elections (Amendment) Bill approved amid opposition protest

ISLAMABAD: The National Assembly soon after the passage of budget-2024-25, on Friday, approved, “The Elections...

Published 29 Jun, 2024 06:40am

Court confirms bail of PTI leader

ISLAMABAD: A local court on Friday confirmed the bail of Pakistan Tehreek-e-Insaf (PTI) leader Shoaib Shaheen in a...

Published 29 Jun, 2024 06:40am

PARTLY FACETIOUS: ‘Biden came out as an old 82 and Trump came out as a young minus three years’

“I heard the Biden team was despondent after his performance in the first presidential debate…” “Ahhhh! I...

Published 29 Jun, 2024 06:40am

One killed, 40 injured as bus plunges into ditch

PESHAWAR: A student was killed while over 40 others sustained injuries when a school bus fell into a ditch in Swat ...

Published 29 Jun, 2024 06:40am

Court cases of FBR: PM directs authorities to hire ‘best’ lawyers

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the authorities concerned to hire the services of the best...

Published 29 Jun, 2024 06:40am

Finally, the salaried class has spoken

In the first of its kind, the salaried segment of the Pakistani society has decided to go public with their...

Updated 29 Jun, 2024 07:09am

Bringing burn care into focus

Burn injuries not only cause a great number of fatalities across the world but are also the most traumatic in ...

Updated 29 Jun, 2024 07:12am

Letters

Goodbye to freedom of speech and expression

On June 22, 2024, the Prime Minister read a statement during a high-level apex meeting held to seek his approval for...

Published 29 Jun, 2024 06:40am

Stocks

FY24: PSX emerges as top performer with 95pc annual return in $ terms

KARACHI: Pakistan Stock Exchange performed exceptionally well and emerged as the top performing stock market with ...

Published 29 Jun, 2024 06:40am

Industries, CNG stations: SSGC announces 24-hr gas holiday

KARACHI: Sui Southern Gas Company (SSGC) has announced a 24-hour gas holiday for all industries including their ...

Published 29 Jun, 2024 06:40am

Budget approved by NA ahead of fresh IMF loan

The approved budget includes several amendments from the original proposal presented on June 12

Updated 29 Jun, 2024 02:13pm

New levy: Taxable profits of builders, developers fixed

ISLAMABAD: The Federal Board of Revenue (FBR) has fixed minimum profits of builders and developers for collecting a...

Updated 29 Jun, 2024 02:14pm

Qatar LNG contract: Strategy being mapped out to seek review

ISLAMABAD: Pakistan is preparing its strategy to seek a review of the long-term LNG (Liquefied Natural Gas) contract...

Updated 29 Jun, 2024 03:01pm

Petrol, HSD and HOBC: Govt amends raise in PL to Rs70 against Rs60 limit

ISLAMABAD: The federal government has amended the increase in petroleum levy to Rs70 per litre on petrol and...

Updated 29 Jun, 2024 03:00pm

Rates

Stocks edge lower

KARACHI: Pakistan Stock Exchange witnessed a rangebound session and after moving in both directions, closed in...

Published 29 Jun, 2024 06:40am

Additional taxation steps taken thru amendments to Finance Bill

Surcharge shall be payable by every individual and association of persons at the rate of 10 percent of the income tax imposed under Division-I of Part-I of the First Schedule where the taxable income exceeds Rs10 million

Updated 29 Jun, 2024 07:43pm

Tax fraudsters to face jail

ISLAMABAD: Persons involved in tax frauds would face imprisonment up to five years (tax evaded amount less than Rs 1...

Updated 29 Jun, 2024 02:21pm

Monthly update, outlook: June inflation will be on higher side: MoF

ISLAMABAD: The Finance Ministry has stated that inflation outlook would be higher for June 2024 compared to the...

Updated 29 Jun, 2024 03:01pm

PM skips session as NA passes resolution against Congress

ISLAMABAD: Prime Minister Shehbaz Sharif skipped an important session as the National Assembly on Friday passed a...

Updated 29 Jun, 2024 08:49am

IMF slightly downgrades US economic forecast for 2024

WASHINGTON: The IMF said Thursday it expects the US economy to grow a bit more slowly than previously forecast, ...

Published 29 Jun, 2024 06:40am

FO terms US resolution ‘unsolicited interference’

ISLAMABAD: Foreign Office spokesperson Mumtaz Zahra Baloch sharply criticised a resolution passed by the US House of...

Updated 29 Jun, 2024 04:08pm

Conventional to Islamic banking: SBP issues broad parameters for conversion

KARACHI: The State Bank of Pakistan (SBP) has developed broad guiding parameters to help banks to devise their...

Updated 29 Jun, 2024 09:10am

SPI-based inflation down 0.73pc

ISLAMABAD: The Sensitive Price Index (SPI) based inflation for the week ended June 27, 2024, decreased by 0.73 per...

Published 29 Jun, 2024 06:40am

10pm to 6am: Power cos warned not to implement load-shedding plans

KARACHI: Sindh Provincial Energy Minister Syed Nasir Hussain Shah while talking to the media in the Sindh Assembly...

Updated 29 Jun, 2024 09:22am

Public assets: FD prepares draft Public Asset Management Guidelines

ISLAMABAD: Finance Division has prepared draft Public Asset Management Guidelines (PMGs) 2024 to establish a unified...

Published 29 Jun, 2024 06:40am

Taxes

Fata, Pata ghee mills: PVMA threatens to shut units if tax concession not withdrawn

KARACHI: Pakistan Vanaspati Manufacturers Association (PVMA) has announced country wide closure of factories, if the...

Published 29 Jun, 2024 06:40am

CPEC a vision of prosperity jointly dreamed by Pakistan and China: minister

ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal said the China-Pakistan Economic...

Published 29 Jun, 2024 06:40am

Money & Banking

Dollar modestly weaker on receding inflation

NEW YORK: The US dollar eased marginally on Friday after data showed inflation in the world’s largest economy...

Published 29 Jun, 2024 06:40am

Stocks

Sri Lanka shares end lower

COLOMBO: Sri Lankan shares closed lower on Friday, dragged by energy and consumer staple stocks. The CSE All-Share...

Published 29 Jun, 2024 06:40am

Money & Banking

Asian currencies set to end 1H in red

BENGALURU: Most Asian currencies and stocks held their ground on Friday ahead of key US inflation data, but were on...

Published 29 Jun, 2024 06:40am

Stocks

S&P 500, Nasdaq hit all-time highs

NEW YORK: The Nasdaq and the S&P 500 touched record highs on Friday after an in-line inflation report...

Published 29 Jun, 2024 06:40am

Stocks

European shares post quarterly loss as markets await French elections

PARIS: European shares gave up early gains to close lower on Friday as a drop in shares of beauty giant L’Oreal...

Published 29 Jun, 2024 06:40am

PM, OMAP official discuss key issues of oil marketing companies

LAHORE: The senior vice chairman of the Oil Marketing Association of Pakistan during his meeting with the prime...

Published 29 Jun, 2024 06:40am

Taxes

FBR to set up ‘tax fraud probe wing’

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to establish a Tax Fraud Investigation Wing-Inland Revenue...

Published 29 Jun, 2024 06:40am

Govt should not be doing business

EDITORIAL: Senate Chairman and former Prime Minister Yousaf Raza Gillani while addressing a conference attended by...

Published 29 Jun, 2024 06:40am

‘Sober reflection’

EDITORIAL: One must agree with Deputy Prime Minister and Foreign Minister Ishaq Dar that India, now under a third...

Published 29 Jun, 2024 06:40am

Networks, business ecosystem: Huawei official delineates commercial use of 5.5G

SHANGHAI, (China): At MWC Shanghai 2024, Li Peng, Huawei’s Corporate Senior Vice President and President of ICT...

Published 29 Jun, 2024 06:40am

Commodities

Gold prices slightly up

KARACHI: The local gold prices on Friday witnesses some gains after a rise in the world bullion value, traders said....

Published 29 Jun, 2024 06:40am

Tax collection: SBP announces special arrangements on 29th, 30th

KARACHI: The State Bank of Pakistan (SBP) has announced the special arrangements for collection of government...

Published 29 Jun, 2024 06:40am

Sindh PA passes finance bill amid opposition uproar

KARACHI: The Sindh Assembly on Friday adopted the Finance Bill 2024 to add new taxes, as treasury overwhelmingly...

Published 29 Jun, 2024 06:40am

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 29 Jun, 2024 06:40am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (June 28,...

Published 29 Jun, 2024 06:40am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (June 28, 2024). ======================== Open Bid Rs...

Published 29 Jun, 2024 06:40am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (June 28, 2024)....

Published 29 Jun, 2024 06:40am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (June 28, 2024). ==================================== BR...

Published 29 Jun, 2024 06:40am

Companies

Acquisition of TPL: IFC approves $400m debt financing to PTCL

KARACHI: The Board of Directors of International Finance Corporation (IFC) has approved the debt financing of up to...

Published 29 Jun, 2024 06:40am

Money & Banking

Bank holiday

KARACHI: The State Bank of Pakistan (SBP) will remain closed for public dealing on 1st July 2024 (Monday), which ...

Published 29 Jun, 2024 06:40am

Industry

PBF highlights critical issues facing automotive CKD sector

KARACHI: Pakistan Business Forum (PBF) highlighted the critical issues facing Pakistan's automotive CKD sector in ...

Published 29 Jun, 2024 06:40am

Industry

Leather, textiles striving to meet environmental standards: WWF

KARACHI: The country's largest economic contributing exports sectors - leather and textiles are striving to meet the...

Published 29 Jun, 2024 06:40am

Companies

Pacra maintains AA- ratings of BankIslami

KARACHI: The Pacra has maintained AA- equity ratings of BankIslami Pakistan Limited, reflecting a stable outlook....

Published 29 Jun, 2024 06:40am

Companies

realme launches new edition of 12 Series smartphones

KARACHI: realme, one of the world’s leading smartphone brands, this week announced the launch of its latest...

Published 29 Jun, 2024 06:40am

Industry

TDAP holds dialogue on trade facilitation initiatives

KARACHI: Trade Development Authority of Pakistan (TDAP) and Pakistan Single Window (PSW) are in joint concerted...

Published 29 Jun, 2024 06:40am

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	265.61

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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