News Archives for Print - 2024-06-30

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Print - 2024-06-30

European firms sign flurry of deals as EU bolsters ties with Egypt

CAIRO: European firms are signing deals potentially worth over 40 billion euros ($42.85 billion) with Egyptian...

Published 30 Jun, 2024 02:58am

‘Flawed interpretation’ of SC order: Exclusion of a major political party to disenfranchise voters: Justice Minallah

Says legitimacy of governance, future policies, legislation, and public trust in the representative institutions exclusively depends on the integrity of the electoral process and the electoral institutions

Updated 30 Jun, 2024 09:25am

Constitution is flawed only in its execution, says CJP

Qazi Faez Isa says that no society can grow without justice

Updated 30 Jun, 2024 09:26am

Panama court acquits 28 people tied to Panama Papers, Operation Car Wash

PANAMA CITY: A Panamanian court has acquitted 28 people charged with money-laundering under cases linked to the...

Published 30 Jun, 2024 02:58am

Centre has not given Rs590bn to KP, says advisor to CM

Barrister Muhammad Ali Saif says the remaining funds could be provided to the provincial government under the National Finance Commission

Published 30 Jun, 2024 02:58am

PTI MNA Junaid resigns from core committee

His resignation comes a day after Leader of the Opposition in the National Assembly Omar Ayub stepped down as the PTI secretary general

Updated 30 Jun, 2024 09:39am

Use of ‘abusive’ language: 11 PTI MPAs banned from entering Punjab PA

The MPAs, whose entry was banned, were Zulfiqar Ali, Rana Shahbaz Ahmad, Muhammad Atif, Tayyab Rashid, Imtiaz Mehmood, Hafiz Farhat Abbas, Chaudhry Muhammad Ijaz Shafi, Rana Aurangzeb, Shoaib Ameer, Usama Asghar Ali Gujjar and Asad Abbas

Published 30 Jun, 2024 02:58am

Hurr Jamaat, GDA leader Khuda Bakhsh Daras shot dead in Khipro

KHIPRO: Hurr Jamaat’s respected member, Grand Democratic Alliance (GDA) Sindh’s central leader and former Nazim...

Published 30 Jun, 2024 02:58am

Pakistan appoints new ambassador to US

ISLAMABAD: The Pakistan Foreign Office announced that Rizwan Saeed Sheikh would be the country’s new ambassador to...

Published 30 Jun, 2024 02:58am

Security plan for Muharram finalised; 502 places declared sensitive

LAHORE: In order to maintain law and order situation during the month of Muharram, the Punjab government has...

Published 30 Jun, 2024 02:58am

‘Constitution guarantees compulsory & free education to every child up to age of 16’

KARACHI: Chairman of the FPCCI Policy Advisory Board and National Business Group Pakistan, President: Pakistan...

Published 30 Jun, 2024 02:58am

Punjab govt desires partnership with Kazakhstan agri-sector

LAHORE: The Punjab Government has conveyed its desire to Kazakhstan government for developing a partnership between...

Published 30 Jun, 2024 02:58am

PM’s slavish thinking exposed before nation: Dr Yasmin

LAHORE: Pakistan Tehreek-e-Insaf Punjab President Dr. Yasmin Rashid has termed the new budget as anti-people and...

Published 30 Jun, 2024 02:58am

CM Maryam approves Murree Development Plan

LAHORE: Chief Minister Punjab Maryam Nawaz and PML-N President Muhammad Nawaz Sharif chaired a five-hour meeting in...

Published 30 Jun, 2024 02:58am

Annual budgets of Aitchison College, Sadiq Public School approved

LAHORE: Punjab Governor, Sardar Saleem Haider Khan said on Saturday that promotion of education is key to ensure the...

Published 30 Jun, 2024 02:58am

‘A strong Parliament is representation of people's voices’

ISLAMABAD: Speaker National Assembly Sardar Ayaz Sadiq and Deputy Speaker Syed Ghulam Mustafa Shah have said that ...

Published 30 Jun, 2024 02:58am

Punjab: cleanliness campaign on Eid

Eid al-Adha has been coming every year and passing away as usual, but this Eid was uniquely remarkable. Throughout...

Published 30 Jun, 2024 02:58am

Letters

‘Goodbye to freedom of speech and expression’

This is apropos a letter to the editor by this writer carried by the newspaper yesterday. This writer would like to...

Published 30 Jun, 2024 02:58am

PWF for Peace holds seminar on poor state of public-sector education

KARACHI: Speakers on Saturday blamed the state’s neo-liberal policies behind its disinterest in promoting the...

Published 30 Jun, 2024 02:58am

Several shops gutted in Peshawar

PESHAWAR: Several shops in a market gutted in a fire incident in Peshawar on Saturday. The fire incident occurred...

Published 30 Jun, 2024 02:58am

JI chief rejects ‘Operation Azm-e-Istehkam’

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem ur Rehman has rejected the Operation Azm-e-Istehkam, calling it...

Published 30 Jun, 2024 02:58am

NADRA Chairman visits Central Police Office

LAHORE: Chairman National Database & Registration Authority (NADRA) Lieutenant General Muhammad Munir Afsar...

Published 30 Jun, 2024 02:58am

Street crimes in ICT on the rise

ISLAMABAD: The reports filed in the different police stations of the federal capital indicate that street crimes in...

Published 30 Jun, 2024 02:58am

Huawei official’s recipe for ‘digital dividends’

SHANGHAI: Jeff Wang, president of the Public Affairs and Communications Department, Huawei, said to fully reap...

Published 30 Jun, 2024 02:58am

KE says continues to ensure network security, reliability

KARACHI: K-Electric (KE) continued to implement measures to ensure network security and reliability, with strategic...

Published 30 Jun, 2024 02:58am

SAI demands withdrawal of SRO-350

KARACHI: The Site Association of Industry (SAI) President, Muhammad Kamran Arbi, has once again demanded the...

Published 30 Jun, 2024 02:58am

L’Oréal Professionnel Institute celebrates graduation ceremony

KARACHI: The future of hairstyling in Pakistan is shining bright! The graduation of the first and second batches ...

Published 30 Jun, 2024 02:58am

Energy

Oil eases on weak demand

NEW YORK: Oil prices fell on Friday as investors weighed weak US fuel demand and took some money off the table at...

Published 30 Jun, 2024 02:58am

Energy

US natgas prices climb

NEW YORK: US natural gas futures climbed about 2% on Friday on forecasts for higher demand over the next two weeks...

Published 30 Jun, 2024 02:58am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday, (June 29, 2024)...

Published 30 Jun, 2024 02:58am

Cotton & Textile

Spot rate firm on cotton market

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

Published 30 Jun, 2024 02:58am

Commodities

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR21.051 billion...

Published 30 Jun, 2024 02:58am

The Weather

KARACHI: The weather report on Saturday (June 29, 2024) and the forecast for Sunday (June 30, 2024)....

Published 30 Jun, 2024 02:58am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Saturday (June 29, 2024). ======================================= Offset...

Published 30 Jun, 2024 02:58am

Sales tax exemption to tribal areas restored

ISLAMABAD: The amended Finance Bill 2024 has extended sales tax exemption on supplies and imports of plant,...

Updated 30 Jun, 2024 11:31am

Controversial hydroelectric projects: Pakistani team to return from India today

ISLAMABAD: Pakistani team led by Secretary Water Resources, Syed Ali Murtaza returns on Sunday (June 30) from India...

Updated 30 Jun, 2024 11:31am

Tax rebate restored

ISLAMABAD: The amended Finance Bill 2024 has restored 25 percent tax rebate available to the full-time teachers or...

Updated 30 Jun, 2024 11:32am

‘Do more’: IMF says budget approval ‘not enough’

ISLAMABAD: The International Monetary Fund (IMF) on Saturday termed budget 2024-25 approval as not enough and...

Updated 30 Jun, 2024 02:43pm

FBR exceeds Rs9.2trn revised collection target

ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed the revised revenue collection target of Rs 9.2 trillion...

Updated 30 Jun, 2024 11:34am

FBR imposes tax on exporters of goods

ISLAMABAD: The exporters of goods whether direct or indirect exporters shall be subject to advance tax at one ...

Updated 30 Jun, 2024 09:05am

Non-filers allowed to go to KSA for Hajj or Umrah

ISLAMABAD: The amended Finance Bill 2024 has allowed non-filers to go abroad for Hajj or Umrah. The amendments in...

Updated 30 Jun, 2024 09:21am

Taxation scope expanded for NRPs

ISLAMABAD: The government has expanded the scope of taxation with respect to those non-residents, who earn income in...

Updated 30 Jun, 2024 09:21am

Failure to block SIMs of non-filers: Cellular cos face the prospect of heavy penalties

The Finance Bill 2024 proposes imposing a penalty of Rs100 million on the first default and Rs200 million for each subsequent default on those who fail to comply with income tax general orders

Updated 30 Jun, 2024 11:33pm

ECNEC accords approval to 19 projects

ISLAMABAD: The Executive Committee of National Economic Council (ECNEC) on Saturday considered 21 agenda items...

Published 30 Jun, 2024 02:58am

Operation Azm-e-Istehkam: Pakistan urges US to provide modern smalls arms

NEW YORK: Pakistan’s Ambassador to the United States Masood Khan has urged Washington to provide Pakistan with small...

Updated 30 Jun, 2024 09:22am

EVs unit, charging stations by Chinese co: MoC directs removal of impediments to $250m potential investment

ISLAMABAD: The Commerce Ministry has urged concerned ministries to remove obstacles in potential investment of $ 250...

Updated 30 Jun, 2024 09:22am

Issuance of Panda Bond: MoF to hire a Chinese rating agency

ISLAMABAD: The Ministry of Finance has decided to hire the services of a Chinese Credit Rating Agency for issuance ...

Published 30 Jun, 2024 02:58am

Taxes

Tax expert proposes Karachi as country’s capital

KARACHI: Expressing his resentment over the lack of civic facilities in Karachi, former chairman of the Federal ...

Published 30 Jun, 2024 02:58am

Taxes

Transfer of appeals to ATIR: December 31, 2024 is the deadline

ISLAMABAD: The Federal Board of Revenue (FBR) has extended time period up to December 31, 2024 for transfer of the...

Published 30 Jun, 2024 02:58am

Industry

QWP chief for adopting austerity steps as no relief for poor in budget

PESHAWAR: Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao while commenting on the federal budget said that...

Published 30 Jun, 2024 02:58am

Industry

Ministry’s and Ogra’s actions to ruin exports, jobs: APTMA

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) says Ministry of Energy (Petroleum Division) and Oil and...

Published 30 Jun, 2024 02:58am

Economy could be strengthened through tourism: Minister

LAHORE: Punjab Minister of Industry and Commerce Chaudhry Shafay Hussain said that the national economy could be...

Published 30 Jun, 2024 02:58am

‘Punjab to pay Rs376bn for purchasing wheat on credit’

LAHORE: The Punjab Food Department has to pay a debt of Rs 375 billion on account of purchase of wheat, which is...

Published 30 Jun, 2024 02:58am

Kabul govt and women

EDITORIAL: Since the Afghan Taliban returned to power about three years ago, women and girls have faced systemic...

Published 30 Jun, 2024 02:58am

Same story, same result

EDITORIAL: Once again, the same old story plays out in the same old way. Someone is accused of blasphemy – proof yet...

Published 30 Jun, 2024 02:58am

Excessive borrowing

EDITORIAL: It’s quite shocking that the government’s borrowing in the first 11 months of the outgoing fiscal year...

Published 30 Jun, 2024 02:58am

Islamabad: prices of kitchen items show rising trend

ISLAMABAD: The prices of essential kitchen items have witnessed an increase during this week past against the...

Published 30 Jun, 2024 02:58am

Commodities

Gold prices steady

KARACHI: The local gold prices on Saturday remained firm with the world bullion value, traders said. The precious...

Published 30 Jun, 2024 02:58am

Industry

‘Made in Pakistan’ exhibition held in Tashkent

ISLAMABAD: Ministry of Commerce, Government of Pakistan, Trade Development Authority of Pakistan, and the Embassy of...

Published 30 Jun, 2024 02:58am

Over Rs1.1trn suppl budget approved by Punjab PA

LAHORE: The Punjab Assembly on Saturday approved the supplementary budget of more than Rs 1100 billion for the...

Published 30 Jun, 2024 02:58am

Commodities

Iron ore logs weekly gain on resilient China demand

BEIJING: Iron ore futures prices edged up on Friday and logged a weekly rise, thanks to a boost from the latest...

Published 30 Jun, 2024 02:58am

Commodities

Argentina soybean sales stall in June

BUENOS AIRES: Argentine farmers’ soybean sales to commercial buyers stalled in June, the head of the country’s...

Published 30 Jun, 2024 02:58am

Commodities

Copper rebounds on rate cut hopes, technical buying

LONDON: Copper prices rose on Friday ahead of US inflation data that could support future interest rate cuts while...

Published 30 Jun, 2024 02:58am

Commodities

Japanese rubber futures drop on subdued demand, supply recovery

SINGAPORE: Japanese rubber futures fell on Friday to end the month lower, due to subdued rubber demand and supply...

Published 30 Jun, 2024 02:58am

Commodities

Malaysian palm oil futures rise

BEIJING: Malaysian palm oil futures ended higher for a third session on Friday, snapping a three-week decline, on...

Published 30 Jun, 2024 02:58am

Commodities

EU wheat falls after USDA report shows high corn plantings

PARIS European wheat closed lower on Friday after the US government estimated corn plantings far above expectations,...

Published 30 Jun, 2024 02:58am

Commodities

Chicago corn tumbles

CHICAGO: Chicago September corn plunged on Friday to contract lows after US Department of Agriculture data showed ...

Published 30 Jun, 2024 02:58am

Commodities

Russia’s SovEcon cuts 2024/25 export forecasts for wheat, corn and barley

MOSCOW: Agricultural consultancy SovEcon said on Friday it had cut its 2024/25 Russian wheat export forecast to 46.1...

Published 30 Jun, 2024 02:58am

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
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

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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