News Archives for Print - 2024-07-02

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Print - 2024-07-02

US SC rules Trump has immunity for official, not private acts

WASHINGTON: The US Supreme Court found on Monday that Donald Trump cannot be prosecuted for any actions that were...

Published 02 Jul, 2024 05:07am

South Asia

Taliban told to ‘include women’ in public life at UN talks

DOHA: Taliban authorities were told women must be included in public life, UN Under-Secretary-General Rosemary...

Published 02 Jul, 2024 05:07am

Europe

Cheap land offer: Swedish town overwhelmed by Pakistan, global interest

STOCKHOLM: A town in western Sweden has suspended land sales after being overwhelmed by requests for offering land...

Published 02 Jul, 2024 05:07am

South Asia

India overhauls colonial-era laws with new criminal codes

NEW DELHI: India on Monday implemented an overhaul of colonial-era criminal laws, praised as a “watershed”...

Published 02 Jul, 2024 05:07am

Industry

Smeda launches 10-year cluster-based development plan

LAHORE: The Small and Medium Enterprises Development Authority (Smeda) has evolved a 10-year Cluster-Based...

Updated 02 Jul, 2024 05:48am

Industry

Accumulated rainwater affecting business activities: FCCI

FAISALABAD: Normal business activities are affecting due to the accumulation of sewer and rain water on important...

Published 02 Jul, 2024 05:07am

Industry

HCSTSI urges PM to take decisive action aimed at rejuvenating PPO

HYDERABAD: Muhammad Farooq Shaikhani, President, Hyderabad Chamber of Small Traders & Small Industry, has...

Published 02 Jul, 2024 05:07am

Pakistan, India exchange lists of prisoners

ISLAMABAD: Pakistan and India exchanged lists of prisoners in each other’s custody through diplomatic channel in...

Published 02 Jul, 2024 05:07am

S Korea Samsung workers declare immediate strike

SEOUL: Workers at Samsung Electronics will go on immediate strike, a union chief announced Monday, as a dispute over...

Published 02 Jul, 2024 05:07am

South Asia

India human rights body says Reuters story on Foxconn hiring raises discrimination concerns

NEW DELHI: India’s human rights watchdog said on Monday it had asked government officials to examine reported...

Published 02 Jul, 2024 05:07am

Israel strikes Gaza; al-Shifa hospital’s director among those freed

GAZA STRIP: Israeli forces struck southern Gaza’s main city Monday after a rocket barrage claimed by Islamic Jihad...

Published 02 Jul, 2024 05:07am

Finland approves defence treaty with US

HELSINKI: The Finnish Parliament on Monday unanimously approved a defence pact with the United States, which will...

Published 02 Jul, 2024 05:07am

Australia doubles foreign student visa fee in migration crackdown

SYDNEY: Australia said on Monday it had more than doubled the visa fee for international students, the latest move ...

Published 02 Jul, 2024 05:07am

Trump advisor Bannon reports to jail to serve sentence

DANBURY: Steve Bannon, a prominent right-wing figure in American politics and former senior advisor to Donald Trump,...

Published 02 Jul, 2024 05:07am

Vatican bans tattoos and body piercings for St Peter’s Basilica workers

VATICAN CITY: The Vatican has banned workers at St Peter’s Basilica from having visible tattoos or body piercings...

Published 02 Jul, 2024 05:07am

N Korea fires two short-range ballistic missiles, one fails

SEOUL: North Korea fired two short-range ballistic missiles but one launch failed, South Korea’s military said...

Published 02 Jul, 2024 05:07am

Blinken sees NATO support regardless of far-right gains in Europe

WASHINGTON: US Secretary of State Antony Blinken said Monday he expected European allies to keep up strong support...

Published 02 Jul, 2024 05:07am

France’s Macron bids to prevent far-right takeover

PARIS: French President Emmanuel Macron and his allies were on Monday battling to prevent the far right from taking...

Published 02 Jul, 2024 05:07am

Rates

PSX jumps on fresh buying

KARACHI: Pakistan Stock Exchange Monday witnessed a positive trend on the first day of new fiscal year on the back ...

Published 02 Jul, 2024 05:07am

Punjab approves 105,000 Kissan Card applications

LAHORE: The Punjab government has approved 105,000 Kissan Card applications out of a total of 222,000 submitted by...

Published 02 Jul, 2024 05:07am

JI announces protest against hike in power tariffs

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem ur Rehman has announced a sit-in protest in Islamabad against the rise...

Published 02 Jul, 2024 05:07am

Upper & central parts: Rainy spell likely to have ‘devastating’ effect: Met Office

KARACHI: Monsoonal cloudbursts are all on the way to lash down in the country’s upper and central parts this week,...

Published 02 Jul, 2024 05:07am

Bureaucrats, military personnel: Khaqan, Miftah lambaste tax exemptions

ISLAMABAD: Former prime minister Shahid Khaqan Abbasi on Monday criticised the tax exemptions given to civilian...

Published 02 Jul, 2024 05:07am

PM to visit Kazakhstan tomorrow

ISLAMABAD: Prime Minister Shehbaz Sharif will travel to Kazakhstan for attending the twin Summits of SCO Council of...

Published 02 Jul, 2024 05:07am

PARTLY FACETIOUS: ‘The Third Candidate is in jail’

“Two options and both bad so what do you get?” “Drop the ball is the expression.” “What ball? Hockey...

Published 02 Jul, 2024 05:07am

SC directs ECP to show seats divided among parties through a chart

ISLAMABAD: The Supreme Court, on Monday, directed the Election Commission of Pakistan (ECP) to file the chart ...

Published 02 Jul, 2024 05:07am

Taxation in Pakistan: taxing the untaxed elites

Chris Matthews’s famous quote “Paying tax is not a punishment. It’s a responsibility”. Most developed...

Updated 02 Jul, 2024 06:33am

Some key budgetary magnitudes

The Federal Budget for 2024-25 has been examined by the Parliament and following some amendments it has been...

Updated 02 Jul, 2024 06:30am

Govt formulates accreditation criteria for cloud service providers

ISLAMABAD: The government has formulated accreditation criteria for cloud service providers (CSPs) which will help ...

Published 02 Jul, 2024 05:07am

Taxes

Advance tax imposition: PPDA says will hold countrywide strike on 5th

KARACHI: The Pakistan Petroleum Dealers Association (PPDA) has announced a countrywide strike on July 05, against ...

Published 02 Jul, 2024 05:07am

Freight charges: Railways announces 3pc across-the-board increase

ISLAMABAD: Following an increase in high-speed diesel oil and petrol prices, the Pakistan Railways (PR), Monday ...

Published 02 Jul, 2024 05:07am

Security plans for Muharram, Ganj Shakar urs finalized

LAHORE: Security plan for Muharram as well as for the Urs of Hazrat Baba Fariduddin Ganj Shakar in Pakpattan has ...

Published 02 Jul, 2024 05:07am

ATC issues bailable arrest warrants for KP CM

ISLAMABAD: The Anti-Terrorism Court (ATC), on Monday, issued bailable arrest warrants for Khyber-Pakhtunkhwa Chief...

Published 02 Jul, 2024 05:07am

Fate of ‘defectors’ will be decided by IK: PTI core body

ISLAMABAD: The core committee of Pakistan Tehreek-e-Insaf (PTI) on Monday declared that all those who left the party...

Published 02 Jul, 2024 05:07am

Letters

Punjab Defamation Act: protecting reputations, or…

The entire primetime talk shows overwhelmingly discussed the Punjab government’s recently notified Punjab...

Published 02 Jul, 2024 05:07am

Industry

UNDP, JS Bank and IBA Karachi join hands to finance climate-resilient SMEs

KARACHI: United Nations Development Programme (UNDP) in partnership with IBA’s Centre for Entrepreneurial...

Published 02 Jul, 2024 05:07am

Two security men martyred in Khyber checkpost attack

KHYBER: Two law enforcers were martyred when terrorists launched a rocket attack on the Takhta Baig checkpost in the...

Published 02 Jul, 2024 05:07am

Companies

AML transaction monitoring solution: Raqami selects BenchMatrix’s RiskNucleus

KARACHI: Raqami Islamic Digital Bank has selected BenchMatrix’s proprietary solution, RiskNucleus as its ...

Published 02 Jul, 2024 05:07am

The dire consequences of global warming

While camping in the serene upper reaches of Neelam Valley last week, I observed that a stark transformation is...

Updated 02 Jul, 2024 06:39am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 293,824 tonnes of cargo comprising 178,376 tonnes of import cargo and ...

Published 02 Jul, 2024 05:07am

Stocks

Megacaps boost Nasdaq in choppy trade

NEW YORK: Megacap stocks lifted the tech-heavy Nasdaq in volatile trading on Monday, while the S&P 500 and the...

Published 02 Jul, 2024 05:07am

Stocks

European stocks rise after first round of French vote

PARIS: European stocks gained on Monday, with French shares leading the charge after the far-right National Rally...

Published 02 Jul, 2024 05:07am

Stocks

China stocks gain on quickening factory activity

SHANGHAI: China stocks rose on Monday, after a private sector survey showed China’s manufacturing activity grew at...

Published 02 Jul, 2024 05:07am

Stocks

Nikkei surrenders most early gains as BOJ data lifts rate-hike bets

TOKYO: Japan’s Nikkei share average gave up most of its early gains to end little changed on Monday, as the ...

Published 02 Jul, 2024 05:07am

Companies

Flydubai starts flights for Lahore, Islamabad

KARACHI: Flydubai has commenced its operations for Lahore and Islamabad. According to the details, the inaugural...

Updated 02 Jul, 2024 06:02am

The Weather

KARACHI: The weather report on Monday (July 01, 2024) and the forecast for Tuesday (July 02, 2024)...

Published 02 Jul, 2024 05:07am

Rates

LME official prices

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

Published 02 Jul, 2024 05:07am

Forex

Open market rates of foreign currencies

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

Published 02 Jul, 2024 05:07am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 01, 2024)....

Published 02 Jul, 2024 05:07am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (July 01, 2024)...

Published 02 Jul, 2024 05:07am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (July 01, 2024). ======================================= Offset ...

Published 02 Jul, 2024 05:07am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (July 01, 2024). ==================================== BR...

Published 02 Jul, 2024 05:07am

Aurangzeb says empathises with salaried class

KARACHI: Finance Minister Muhammad Aurangzeb has said the government will provide relief to the salaried class at...

Updated 02 Jul, 2024 09:24am

RD slapped on 657 luxury goods: 2pc ACD imposed on import of 2,200 items

Regulatory duties imposed within the range of 5 percent to 55 percent on the import of hundreds of items from July 1, 2024

Updated 02 Jul, 2024 01:49pm

Captive power units: MoC opposed to increase in gas rates

Says hike in gas tariff and plan for closure of captive units by January 2025 could impact the country’s exports

Updated 02 Jul, 2024 12:09pm

Rain-related emergencies: NDMA activates NEOC in Punjab, Sindh

ISLAMABAD: Following the Pakistan Metrological Department (PMD)’s weather forecast which predicted vigorous monsoon...

Updated 02 Jul, 2024 09:01am

June CPI inflation jumps 12.6pc YoY

ISLAMABAD: The Consumer Price Index (CPI) inflation increased to 12.6 percent on a year-on-year basis in June 2024...

Updated 02 Jul, 2024 09:09am

As per IMF dictation but in violation of Nepra’s law: 6- to 12-hour load-shedding under the garb of ‘big losses’

ISLAMABAD: The government is continuously unleashing power load-shedding of 6-12 hours in the scorching heat across...

Updated 02 Jul, 2024 09:31am

Sindh govt assails MQM, demands removal of Tessori

KARACHI: Senior Minister Sharjeel Inam Memon has called the accusations against Shaheed Zulfiqar Ali Bhutto by...

Updated 02 Jul, 2024 09:01am

PL’s max limit raised as part of contingency plan: Tarar

ISLAMABAD: The federal government has increased the maximum limit of petroleum levy (PL) on petroleum products,...

Updated 02 Jul, 2024 09:07am

‘Foreign gifts not for sale’: Govt directs ministries to submit undertaking

ISLAMABAD: The government has directed all ministries to submit undertaking that duties and taxes free goods...

Updated 02 Jul, 2024 09:07am

Tajir Dost Scheme: There should be no extra tax on registered traders: CC

ISLAMABAD: There should be no additional tax on traders and shopkeepers registered under the Tajir Dost Scheme from...

Updated 02 Jul, 2024 09:30am

Business-friendly policies infuse foreign investors’ trust: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday said that the business friendly policies of the incumbent...

Updated 02 Jul, 2024 09:28am

Energy

SNGPL successfully achieves three significant milestones

LAHORE: Sui Northern has successfully achieved three significant milestones to enhance gas transmission and...

Published 02 Jul, 2024 05:07am

Taxes

PRA collects over Rs239bn in FY24

LAHORE: The Punjab Revenue Authority (PRA) has achieved a significant milestone in revenue collection during the...

Published 02 Jul, 2024 05:07am

Commodities

Gold prices decline in local market

KARACHI: The local gold prices on Monday inched down but silver stood firm, traders said. At the week open, gold...

Published 02 Jul, 2024 05:07am

Energy

SNGPL, SSGCL to file review with Ogra: Another increase in gas prices sought

ISLAMABAD: The gas companies - SNGPL and SSGCL – will file a review of estimated revenue requirements with the Oil...

Published 02 Jul, 2024 05:07am

Allay apprehensions around anti-terror operation

EDITORIAL: The government’s attempts in recent days to quell the misgivings regarding the contours of Operation...

Published 02 Jul, 2024 05:07am

Heading towards the breaking point

EDITORIAL: Finance Minister Muhammad Aurangzeb’s claims at a news conference after parliament passed the budget ...

Updated 02 Jul, 2024 06:27am

Taxes

Aurangzeb visits FBR headquarters

ISLAMABAD: Finance Minister for Finance and Revenue Muhammad Aurangzeb visited the Federal Board of Revenue (FBR)...

Published 02 Jul, 2024 05:07am

Companies

Lucky Cement Limited: UBL concludes USD based Standby Letter of Credit Facility

KARACHI: United Bank Limited (UBL) recently concluded a USD based Standby Letter of Credit Facility (equivalent to ...

Published 02 Jul, 2024 05:07am

Money & Banking

easypaisa launches digital loan service

KARACHI: Aimed to deliver seamless digital financial services, easypaisa has launched “easycash”, a digital...

Published 02 Jul, 2024 05:07am

Experts say Pakistan budget massively negative for struggling healthcare sector

KARACHI: Pharmaceutical industry experts have expressed concerns regarding the recent taxation changes in Pakistan,...

Updated 02 Jul, 2024 05:58am

Energy

OGDCL revitalizes Nashpa-4 well

KARACHI: The Oil and Gas Development Company Limited (OGDCL) has successfully revitalized Nashpa-4 well. The well...

Published 02 Jul, 2024 05:07am

Energy

Ghazij Formation: MPCL successfully drills 4th appraisal well

KARACHI: Mari Petroleum Company Limited (MPCL) has successfully drilled and tested the fourth appraisal well in...

Published 02 Jul, 2024 05:07am

Energy

US natural gas prices fall

NEW YORK: US natural gas futures fell about 3% to a one-month low on rising output in recent weeks, forecasts for...

Published 02 Jul, 2024 05:07am

Commodities

Iron ore up on better China data, stimulus hopes

BEIJING: Iron ore futures prices rose on Monday, helped by better-than-expected factory data in top consumer China...

Published 02 Jul, 2024 05:07am

Commodities

Chicago wheat futures rise with Russian crop uncertainty

CHICAGO: Chicago wheat futures rose as uncertainty over the size of Russia’s wheat crop spurred traders to cover...

Published 02 Jul, 2024 05:07am

Commodities

Japanese rubber futures end almost flat

SINGAPORE: Japanese rubber futures were largely unchanged on Monday, as dismal Chinese economic data raised concerns...

Published 02 Jul, 2024 05:07am

Commodities

Russian wheat export prices easier

MOSCOW: Russian wheat export prices have declined for the fourth week in a row, tracking global markets amid good...

Published 02 Jul, 2024 05:07am

Energy

Oil prices rise on demand hopes

NEW YORK: Oil prices climbed about 2% on Monday on hopes of rising demand during the Northern Hemisphere’s peak...

Published 02 Jul, 2024 05:07am

Commodities

Gold ekes out gains as investors await US jobs data

BENGALURU: Gold prices edged higher on Monday as a lower dollar prompted some short covering from investors with...

Published 02 Jul, 2024 05:07am

Commodities

Copper buoyed by dollar, but China demand worry dominates

LONDON: Copper prices firmed on Monday due to support from a weaker dollar and some stronger data from China’s...

Published 02 Jul, 2024 05:07am

Commodities

Malaysian palm oil futures rise

JAKARTA: Malaysian palm oil futures extended gains for the fourth straight session on Monday, underpinned by worries...

Published 02 Jul, 2024 05:07am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (July 01, 2024)...

Published 02 Jul, 2024 05:07am

Cotton & Textile

Spot rate falls amid modest trading

LAHORE: The Spot Rate Committee of the Karachi Cotton Association on Monday decreased the spot rate by Rs 5,00 per...

Published 02 Jul, 2024 05:07am

Money & Banking

Sterling loses ground to euro

LONDON: The pound slipped against the euro on Monday as the single currency rallied on investor expectations that...

Published 02 Jul, 2024 05:07am

Money & Banking

Euro gains after French elections; yen sinks

NEW YORK: The euro climbed on Monday after a convincing and historic win by the French far right in the first round...

Published 02 Jul, 2024 05:07am

Money & Banking

China’s yuan largely steady

SHANGHAI: China’s yuan remained largely steady against the US dollar on Monday after a private sector survey ...

Published 02 Jul, 2024 05:07am

Money & Banking

Indian rupee ends weaker

MUMBAI: The Indian rupee closed weaker on Monday as broad based interbank dollar demand pressured the currency even...

Published 02 Jul, 2024 05:07am

Energy

Conversion of imported coal-fired power plant to Thar coal: KE initiates techno-commercial study

ISLAMABAD: K-Electric (KE) has initiated techno-commercial study for conversion of 660 MW Jamshoro power plant from...

Published 02 Jul, 2024 05:07am

Industry

KCCI condemns hike in fuel prices

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while expressing sheer...

Published 02 Jul, 2024 05:07am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 5	278.60
USD PKR Interbank Buying / Jul 5	278.40
USD to Japanese Yen / Jul 5	160.75
USD to Swiss Franc / Jul 5	0.90
Pound Sterling to USD / Jul 5	1.28
Euro to USD / Jul 5	1.08

Stock	Volume
S&P 500 / Jul 5	5,567.19
India Sensex / Jul 5	79,996.60
Tokyo Nikkei / Jul 5	40,912.37
Nasdaq / Jul 5	18,352.76
Hang Seng / Jul 5	17,799.61
FTSE 100 / Jul 5	8,203.93
Dow Jones / Jul 5	39,375.87
Germany DAX 30 / Jul 5	18,475.45

Item	Value
Crude Oil USD/Barrel / Jul 5	83.69
Gold 10 Grams PKR / Jul 5	210,008.70
Gold Spot USD/Ounce / Jul 5	2,363.70
Cotton US¢/pound / Jul 5	72.36
Petrol/Litre / Jul 6	265.61
Karachi Cotton PKR/37.32 KG / Jul 6	18,835

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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