News Archives for Print - 2024-07-01

<<>>

Print - 2024-07-01

US SC’s slow pace on immunity makes Trump trial before election unlikely

WASHINGTON: Donald Trump’s bid for criminal immunity from prosecution for trying to overturn his 2020 election ...

Published 01 Jul, 2024 07:01am

Middle East

Iran election shows declining voter support

TEHRAN: The first round of Iran’s presidential election revealed shrinking support for both reformists and...

Published 01 Jul, 2024 07:01am

UK govt warns of Russian interference in general election

LONDON: Britain’s deputy prime minister warned Sunday that the country’s upcoming general election faces threats...

Published 01 Jul, 2024 07:01am

Russia says it downed 36 Ukraine-launched drones over several Russian regions

MOSCOW: Russia’s air defence systems destroyed 36 drones that Ukraine launched overnight targeting several regions...

Published 01 Jul, 2024 07:01am

Europe

Two detained after attack outside Israeli embassy in Belgrade

BELGRADE: Two men were remanded in custody after a Serbian police officer killed a man who shot him with a crossbow...

Published 01 Jul, 2024 07:01am

Europe

Seven dead after storms lash France, Switzerland

GENEVA: Ferocious storms and torrential rains that lashed France, Switzerland and Italy this weekend have left seven...

Published 01 Jul, 2024 07:01am

CTD nabs 2 TTP ‘facilitators’ in Karachi

KARACHI: The Counter-Terrorism Department (CTD) Sindh arrested two facilitators of the banned Tehrik-i-Taliban...

Published 01 Jul, 2024 07:01am

HWA provides skills, enterprises training to 500 female farmers

HYDERABAD: Hari Welfare Association provided skills and enterprises development training to the 500 peasants women ...

Published 01 Jul, 2024 07:01am

Tessori approves Finance Bill

KARACHI: Governor Sindh Kamran Khan Tessori has given assent to the Finance Bill 2024-25 for next financial year’s...

Published 01 Jul, 2024 07:01am

Six die as rains, landslide wreak havoc in Koh-e-Sulaiman range

QUETTA: Heavy rains in the Koh-e-Sulaiman range of eastern Balochistan have triggered landslides, blocking major...

Published 01 Jul, 2024 07:01am

Seven die as passenger bus overturns

KARACHI: At least seven people including three children, three women and one man, were killed when a passenger bus...

Published 01 Jul, 2024 07:01am

PTI denies claims of internal rift

KARACHI: Pakistan Tehreek-e-Insfaf (PTI) Sindh President Haleem Adil Sheikh on Sunday refuted claims of internal...

Published 01 Jul, 2024 07:01am

Fazl demands new elections

QUETTA: JUI-F chief Maulana Fazlur Rehman on Sunday demanded new general elections in Pakistan, rejecting the...

Published 01 Jul, 2024 07:01am

Political appointments sharpen rural-urban divide, ethnic tension: PDP

KARACHI: Recruitment in all government departments must be done strictly through the Sindh Public Service Commission...

Published 01 Jul, 2024 07:01am

Sale of 40 number plates: Excise Dept collects Rs675.4m

KARACHI: For the first time in Pakistan’s history, the Sindh Excise Department held an auction for number plates ...

Published 01 Jul, 2024 07:01am

KE CLD officials assure minister: Reduction in load-shedding in a few days

KARACHI: Sindh Provincial Energy Minister Syed Nasir Hussain Shah suddenly reached the Central Load Dispatch Centre...

Published 01 Jul, 2024 07:01am

‘Alternative global order’: Mushahid heaps praise on China for laying basis

BEIJING: Senator Mushahid Hussain has acclaimed China for laying the basis for an ‘alternative new global order...

Published 01 Jul, 2024 07:01am

HWA imparts training to 500 female farmers of three Sindh districts

HYDERABAD: Hari Welfare Association provided skills and enterprises development training to the 500 peasants women ...

Published 01 Jul, 2024 07:01am

The Weather

KARACHI: The weather report on Sunday (June 30, 2024) and the forecast for Monday (July 01, 2024)....

Published 01 Jul, 2024 07:01am

SIC says not making alliance with JUI-F

ISLAMABAD: The Sunni Ittehad Council has publicly opposed forming a political alliance with JUI-F head Maulana ...

Published 01 Jul, 2024 07:01am

Taliban govt officials begin meetings

DOHA: Representatives of Afghanistan’s Taliban government began meetings on Sunday with UN officials as they...

Published 01 Jul, 2024 07:01am

Democrats toe the line, close ranks around Biden

WASHINGTON: Democratic leaders rallied Sunday behind US President Joe Biden following his poor debate performance...

Published 01 Jul, 2024 07:01am

PM condoles death of Morocco king’s mother

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday expressed condolence to King Mohammed VI of Morocco over the ...

Published 01 Jul, 2024 07:01am

Pakistan name squad for ACC Women’s T20 Asia Cup

LAHORE: Nida Dar has been retained as Pakistan captain for the ACC Women’s T20 Asia Cup, which will be held in...

Published 01 Jul, 2024 07:01am

Lahore airport to remain closed for 3 hours daily

LAHORE: Lahore's Allama Iqbal International Airport will undergo a daily closure from 5am to 8am from July 10 to...

Published 01 Jul, 2024 07:01am

Election to be held in 2029: Tarar

ISLAMABAD: Minister for Information, Broadcasting, Culture and National Heritage Attaullah Tarar on Sunday said that...

Published 01 Jul, 2024 07:01am

CM for upholding principles of parliamentary democracy

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif in her message on the International Day of Parliamentary System of...

Published 01 Jul, 2024 07:01am

Cash prizes awarded to cycle race winners

KARACHI: Commissioner Karachi Syed Hassan Naqvi has said that the Sindh government is dedicated to promoting ...

Published 01 Jul, 2024 07:01am

Pesco reduces load-shedding duration on 75 feeders

PESHAWAR: Peshawar Electric Supply Company (Pesco) has reduced load-shedding duration on 75 feeders to 12 hours....

Published 01 Jul, 2024 07:01am

PIA announces reduction in Umrah fares

LAHORE: The Pakistan International Airlines (PIA) has announced a reduction in Umrah fares. According to a PIA...

Published 01 Jul, 2024 07:01am

Various social sectors: KP CM, World Bank officials discuss cooperation

PESHAWAR: A consultative meeting of the high ups of provincial government and the World Bank was held here with ...

Published 01 Jul, 2024 07:01am

Ties with Pakistan stable: US official

WASHINGTON: A senior US official has reassured Islamabad that despite occasional friction, the United States and...

Published 01 Jul, 2024 07:01am

Polio campaigns: Punjab plans capacity development of officials

LAHORE: Punjab Emergency Operations Centre Coordinator and head of the polio programme in Punjab Khizer Afzaal has...

Published 01 Jul, 2024 07:01am

Eid-ul-Azha cleanliness plan: Ceremony held in honour of waste pickers

FAISALABAD: On the instructions of Chief Minister Punjab Maryam Nawaz Sharif, a ceremony was held at a local hotel ...

Published 01 Jul, 2024 07:01am

‘Dastak’ Representatives: CM orders launch of registration

LAHORE: On the special direction of Chief Minister Punjab Maryam Nawaz Sharif, registration process of ‘Dastak’...

Published 01 Jul, 2024 07:01am

FY 2023-24: KP’s loan portfolio may surge to Rs635bn

PESHAWAR: The loan portfolio of Khyber Pakhtunkhwa is likely to increase to Rs.635 billion by end of the fiscal year...

Published 01 Jul, 2024 07:01am

Growth, development of democratic institutions: Supremacy of Parliament essential: NA Speaker

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

Published 01 Jul, 2024 07:01am

Private sector participation in Discos’ sell-off: Govt approaches World Bank for NLTA

ISLAMABAD: The government has approached the World Bank ((WB) for Non -Lending Technical Assistance (NLTA) to...

Updated 01 Jul, 2024 09:18am

Rates

Stocks remain under pressure

KARACHI: Pakistan Stock Exchange remained under pressure during the outgoing week ended on June 28, 2024 due to...

Published 01 Jul, 2024 07:01am

Rates

Futures spread down 746bps

Trading...

Published 01 Jul, 2024 07:01am

PM for expediting PWD dissolution process

ISLAMABAD: Prime Minister Shehbaz Sharif has directed to expedite the process of dissolution of the Pakistan Public...

Updated 01 Jul, 2024 09:16am

President gives his assent to Finance Bill 2024

ISLAMABAD: President Asif Ali Zardari has accorded his approval to Finance Bill 2024 on the advice of the Prime...

Published 01 Jul, 2024 07:01am

FBR exceeds revenue target by Rs54bn

ISLAMABAD: FBR has collected Rs 9,306 billion in Financial Year 2023-24 against the target of Rs 9,252 billion...

Updated 01 Jul, 2024 08:45am

969MW Neelum Jhelum Hydropower Project: Some serious design flaws identified

The project was built at a cost of over Rs 500 billion with a delay of several years because of faults, leading to its complete or partial shut down periodically and has been unavailable since first week of May this year

Updated 01 Jul, 2024 11:33am

Illegal energization of feeders: FIRs not being registered, Pesco tells federal govt

ISLAMABAD: Peshawar Electric Supply Company (PESCO) has informed the federal government that FIRs are not being...

Updated 01 Jul, 2024 09:21am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday June 30, 2024

Published 01 Jul, 2024 07:01am

Cotton & Textile

Weekly Cotton Review: Punjab witnesses decline in production

KARACHI: The Pakistan Cotton Ginners Association (PCGA) has announced a historic strike in the country’s ginning...

Published 01 Jul, 2024 07:01am

Stocks

London stocks round off week with declines

LONDON: British equities ended the week on a sour note after stronger-than-expected GDP data spurred worries over...

Published 01 Jul, 2024 07:01am

Stocks

Banks drag Saudi down, Qatar hits 3-month high

DUBAI: The Saudi index closed lower on Sunday, with the financial sector leading the losses, while the Qatari index...

Published 01 Jul, 2024 07:01am

Stocks

Wall Street Week Ahead: Jobs, inflation data may break the US Treasury market out of narrow range

NEW YORK: A series of upcoming economic reports and Congressional testimony from Federal Reserve Chairman Jerome...

Published 01 Jul, 2024 07:01am

Cricket is the opium of the colonized people

When Marx alluded to religion as the opium of the people, the game of cricket was largely limited to the British...

Updated 01 Jul, 2024 07:29am

Leadership at a crossroads: Prioritizing long-term prosperity over short-term gains

Have our esteemed leaders truly considered the future of our nation and its economy, or are they merely living in ...

Updated 01 Jul, 2024 07:26am

Commodities

Peshawar: prices of essential food items remain high

PESHAWAR: Prices of essential food commodities like vegetables, cooking oil, ghee, sugar, pulses, live chicken/meat...

Published 01 Jul, 2024 07:01am

Letters

‘Goodbye to freedom of speech and expression’

This is apropos two back-to-back letters by this writer carried by the newspaper on Saturday and yesterday. Let ...

Published 01 Jul, 2024 07:01am

Budget tightens the screws on urban middle class

The FY25 budget has been passed, potentially securing next programme from the IMF (International Monetary Fund) and...

Updated 01 Jul, 2024 07:22am

Provincial surplus and the federal budget

To formulate federal and provincial budgets necessitates engagement between the federal government and its ...

Updated 01 Jul, 2024 07:38am

‘Inside Out 2’ hits $1bn at global box office

BENGALURU: Pixar movie “Inside Out 2” has crossed the $1 billion mark at the worldwide box office in less than three...

Published 01 Jul, 2024 07:01am

PTI leadership lacks strategy for IK's release: Fawad

LAHORE: Former federal minister Fawad Chaudhry continued his tirade against the senior PTI leadership. In his video...

Published 01 Jul, 2024 07:01am

Energy

Solar capacity enhancement: Saif Group, Sky Electric sign contract

PESHAWAR: Kohat Textile Mills Ltd., a unit of the Saif Group of companies has signed a contract with Sky Electric...

Published 01 Jul, 2024 07:01am

FTO directs FBR to recover withholding tax from NHA

ISLAMABAD: Federal Tax Ombudsman (FTO) directed the Member Operations Federal Board of Revenue (FBR) to take...

Updated 01 Jul, 2024 08:44am

FY 2023-24: SRB surpasses collection target

KARACHI: The Sindh Revenue Board (SRB) has surpassed its revenue collection target for the fiscal year 2023-24, with...

Updated 01 Jul, 2024 09:15am

Rates

Marginal appreciation

KARACHI: The rupee closed the last week of the fiscal year 2023-24 on a positive note as the currency saw a marginal...

Published 01 Jul, 2024 07:01am

Stocks

Healthy foreign buying in PSX during FY24

KARACHI: The improving economic indicators, successful initiation and completion of the IMF Standby Agreement and...

Updated 01 Jul, 2024 08:50am

20 inmates escape from Rawalakot jail

RAWALAKOT: At least 20 inmates escaped from Rawalakot District Poonch Jail after taking the police personnel ...

Published 01 Jul, 2024 07:01am

Two drowned

HUB: Two picnickers from Karachi drowned while swimming in Sakran nullah in district Hub of Balochistan province on...

Published 01 Jul, 2024 07:01am

Steps underway to combat potential floods: Romina

ISLAMABAD: Coordinator to the Prime Minister on Climate Change and Environmental Coordination, Romina Khurshid Alam...

Published 01 Jul, 2024 07:01am

Solution of public problems: Sindh Ombudsman for utilising social media

KARACHI: Provincial Ombudsman of Sindh Dr. Muhammad Sohail Rajput has said that all the regional offices of the ...

Published 01 Jul, 2024 07:01am

RDA takes action against illegal housing schemes

RAWALPINDI: Rawalpindi Development Authority (RDA) on the directives of the Divisional Intelligence Committee has...

Published 01 Jul, 2024 07:01am

PUC chief condemns US Congress resolution

LAHORE: Chair Pakistan Ulema Council (PUC) Hafiz Tahir Mehmood Ashrafi has said that political and religious...

Published 01 Jul, 2024 07:01am

Money & Banking

JGB yields book weekly advance

TOKYO: Japanese government bond yields eased back from recent highs on Friday but remained on course for a...

Published 01 Jul, 2024 07:01am

Money & Banking

Indian rupee closes higher

MUMBAI: The Indian rupee ended stronger on Friday, aided by inflows spurred by the inclusion of the country’s ...

Published 01 Jul, 2024 07:01am

Money & Banking

Canadian dollar strengthens against the greenback

TORONTO: The Canadian dollar strengthened against its US counterpart on Friday as domestic data showed the economy...

Published 01 Jul, 2024 07:01am

Money & Banking

China’s yuan edges higher

HONG KONG: The yuan rose slightly against the dollar but remained near seven-month lows, with the first US...

Published 01 Jul, 2024 07:01am

Deceitful and nasty

EDITORIAL: Narendra Modi government’s decision to prosecute famous author and rights activist Arundhati Roy along...

Published 01 Jul, 2024 07:01am

Challenges of desertification

EDITORIAL: By now, too many interest groups and even government departments have raised enough noise for everyone to...

Published 01 Jul, 2024 07:01am

New taxation steps create a kind of tunnel vision

EDITORIAL: The government is desperate to increase its tax revenues to meet the International Monetary Fund (IMF)...

Published 01 Jul, 2024 07:01am

AMENDMENTS ENACTED BY FINANCE ACT, 2024: VIS-À-VIS THOSE PROPOSED IN FINANCE BILL, 2024

The Federal Government presented Finance Bill, 2024 (‘FB’) in the National Assembly on June 12, 2024. After debate...

Published 01 Jul, 2024 07:01am

Industry

Govt urged to withdraw increase in tax on minerals sector

PESHAWAR: Office bearers of Mineral Association Khyber Pakhtunkhwa rejected increase of tax on minerals sector and...

Published 01 Jul, 2024 07:01am

FY2023-24: PHA reports record Rs2.35bn revenue

LAHORE: The Parks and Horticulture Authority (PHA) of Lahore increased its own-source revenue to Rs.2.35 billion in...

Published 01 Jul, 2024 07:01am

Pak-Afghan trade: Businessmen demand implementation of TAD plan

PESHAWAR: Businessmen dealing in Pak-Afghan trade while pointing out some hurdles in smooth implementation of the...

Published 01 Jul, 2024 07:01am

Aquaculture has potential to earn billions of dollars: Expert

Industry

Government enforces new taxation measures of Rs1.761 trillion

Updated 01 Jul, 2024 09:23am

FPCCI’s BMP rejects rise in fixed power charges for industry

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has rejected the...

Published 01 Jul, 2024 07:01am

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

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular