News Archives for Print - 2024-07-04

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Print - 2024-07-04

Zardari urges SCB’s Group CE to invest in agri sector

ISLAMABAD: President Asif Ali Zardari asked a delegation led by Group Chief Executive of the Standard Chartered Bank...

Published 04 Jul, 2024 08:08am

39 days of Iddat acceptable; says IK’s lawyer

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan’s counsel Salman Akram Raja in the Iddat...

Published 04 Jul, 2024 08:02am

Belarus President due in October

ISLAMABAD: President of Belarus, Alexander Grigoryevich Lukashenko will visit Islamabad in October to sign multiple...

Published 04 Jul, 2024 07:59am

Putin, Xi vie for influence at Central Asian summit

ASTANA (Kazakhstan): The leaders of Russia and China were in Kazakhstan on Wednesday for a regional summit, seeking...

Published 04 Jul, 2024 07:57am

Industry

Karachi-based textile unit announces closure

KARACHI: In the throes of Pakistan’s worst economic crisis, a Karachi-based textile unit has announced to lock its...

Updated 04 Jul, 2024 03:38pm

Taxes

Fruits, vegetables: Exports may face downward trend due to load of taxes: PAHF

KARACHI: Exporters have warned that export of fruit and vegetables may face a declining trend due to imposition of...

Published 04 Jul, 2024 07:53am

Livestock Dept: adviser to CM briefed about reform process

KARACHI: Advisor to CM Sindh for Livestock, Fisheries and Human Settlement Authority Syed Najmi Alam presided over...

Published 04 Jul, 2024 07:51am

Sharjeel for prompt completion of BRTS projects

KARACHI: Two separate high-level meetings regarding the Yellow Line BRT and Red Line BRT were held under the...

Published 04 Jul, 2024 07:49am

Pakistan, Tajikistan agree for stronger Parliamentary Friendship Groups, regular exchanges

DUSHANBE: Pakistan and Tajikistan on Wednesday agreed to strengthen the already constituted Parliamentary Friendship...

Published 04 Jul, 2024 07:47am

Navy, FCCI discuss bilateral cooperation

FAISALABAD: Rear Admiral Azhar Mahmood SI (M) Commander Central Punjab and Commandant of the Pakistan Naval War...

Published 04 Jul, 2024 07:42am

Ministers slam opposition MPAs for ‘rowdy’ behaviour

LAHORE: The provincial Minister for Information and Culture Azma Bokhari said on Wednesday that the members of...

Published 04 Jul, 2024 07:40am

Companies

Jazz, Google, Tech Valley celebrate success of ‘Digital Safar’ programme

ISLAMABAD: Jazz in collaboration with Google and Tech Valley, a social enterprise, celebrated the success of their...

Published 04 Jul, 2024 07:36am

Industry

KATI chief urges govt to provide urgent relief to industries

KARACHI: President of the Korangi Association of Trade and Industry (KATI), Johar Qandhari, has called on the...

Published 04 Jul, 2024 07:34am

Europe

Labour predicted to eject Tories in UK election

LONDON: Britain’s political leaders made a final push for votes Wednesday on the last day of an election campaign...

Published 04 Jul, 2024 07:31am

Africa

Under-fire Kenya govt says to review state salary hikes

NAIROBI: The Kenyan presidency said Wednesday it had ordered a review of salary increases for public servants in an...

Published 04 Jul, 2024 07:27am

Middle East

Khamenei urges turnout after voters shun first presidential round

TEHRAN: Iran’s supreme leader Ayatollah Ali Khamenei called Wednesday for voters to participate in Friday’s...

Published 04 Jul, 2024 07:24am

Money & Banking

Japan launches banknotes with hologram portraits

TOKYO: Japan began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional...

Published 04 Jul, 2024 07:22am

Companies

Shell launches country’s first-ever recycled plastic retail site

KARACHI: Shell Pakistan Limited (SPL) has launched Pakistan’s first-ever recycled plastic retail site, Malik...

Published 04 Jul, 2024 07:16am

Energy

SSGC lays down dedicated gas pipelines in Karachi & Hub

KARACHI: Sui Southern Gas Company (SSGC) has laid down dedicated gas supply pipelines in different areas to ensure...

Published 04 Jul, 2024 07:14am

PCB starts tendering process for TV broadcast rights

LAHORE: The Pakistan Cricket Board (PCB) has started the tendering process for the acquisition of television...

Published 04 Jul, 2024 07:12am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (July 03, 2024). ======================================= Offset...

Published 04 Jul, 2024 07:08am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (July 03, 2024)...

Published 04 Jul, 2024 07:06am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 03, 2024)....

Published 04 Jul, 2024 07:06am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (July 03, 2024)....

Published 04 Jul, 2024 07:04am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (July 03, 2024). ======================== Open Bid ...

Published 04 Jul, 2024 07:04am

Forex

Open market rates of foreign currencies

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

Published 04 Jul, 2024 07:04am

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 04 Jul, 2024 06:47am

Rates

LME official prices

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

Published 04 Jul, 2024 06:47am

The Weather

KARACHI: The weather report on Wednesday (July 03, 2024) and the forecast for Thursday (July 04, 2024)...

Published 04 Jul, 2024 06:44am

Letters

Slums: change starts from within—literally!

What do you think of when you hear ‘slums?’ Slums are overcrowded, non-durable, and unsanitary residence areas...

Published 04 Jul, 2024 06:43am

A ship without the leader

Just a name. Just a designation. Just a title. Just a nobody. Imagine being in the highest seat and being powerless....

Published 04 Jul, 2024 06:38am

Year of global shockwaves

We’re only halfway through the year, and already 2024 has produced more high-voltage political shockwaves than any...

Published 04 Jul, 2024 06:28am

MQM (P)-PPP spat

EDITORIAL: The Sindh High Court ordered to scrap the entire recruitment process initiated last year by the PPP...

Published 04 Jul, 2024 06:21am

Design flaws in Neelum-Jhelum project

EDITORIAL: In yet more bad news for Pakistan’s blighted power sector, serious design flaws have been identified in...

Published 04 Jul, 2024 06:17am

Surge in exports

EDITORIAL: Exports during July-June 2024 surged to 30,645 million dollars against 27,724 million dollars the year...

Updated 04 Jul, 2024 08:23am

Pharma, healthcare sectors also reeling amid economic crisis

KARACHI: Pakistan’s economy and its people are facing a health crisis. With an economy burdened by high debt and...

Published 04 Jul, 2024 06:09am

Standard Chartered: Message from Mr. Syed Baber Ali Founder, Packages Limited

I congratulate Standard Chartered Bank on its 160th anniversary. Our Group’s relationship with Standard Chartered...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from Mr. Abbas D. Habib Chairman, Bank AL Habib

Congratulations to Standard Chartered Bank on completion of over 160 years of successful operations in Pakistan,...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from Ms. Musharaf Hai

Well, my experience with SCB started with the first pay check - way back! It’s been a memorable journey, being ...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from Mr. CS Kim CEO, SAPT

Our collaboration with Standard Chartered Pakistan has been a vital part of our journey. SCB, through its provision...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from Mr. F. S. AIJAZUDDIN, OBE, FCA

Ex-Chairman and CEO of (IGI) and Ex-CEO of First International Investment Bank KYC is the mantra that banks should...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from Mr. Mian Mohammad Mansha Chairman, MCB Bank Limited

We offer our heartfelt congratulations to Standard Chartered Bank and Rehan Shaikh on this remarkable achievement of...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from Mr. Muhammad Ali Tabba CEO, Lucky Cement Limited

Lucky Group congratulates SCB Pakistan on completing 160 years of operations in Pakistan, a remarkable milestone ...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from Mr. Syed Moonis Abdullah Alvi CEO, K-Electric

Over the past many years, we have trusted Standard Chartered’s expertise in arranging various ECA/DFI backed...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from Ms. Erum Shakir Rahim CEO and Executive Director GSK

Standard Chartered Bank has been a trusted partner for many years, providing us with essential corridor network and...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from Mr. Umar Ahsan Khan CEO, Dawlance

Throughout our partnership with SCB Pakistan, their expertise in trade finance and working capital solutions...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from Mr. Hussain Dawood Chairperson, Engro Group

Congratulations to Standard Chartered Bank Pakistan on their 160-year journey in the region. Throughout our...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from Mr. Amir Paracha CEO, Unilever Pakistan

For Unilever Pakistan, Standard Chartered Pakistan has been more than just a financial institution - it is our...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from Mr. Syed Ali Akbar MD & CEO, Pakistan Tobacco Company

Congratulations to SCB Pakistan on celebrating 160 years of excellence! Over the course of our three-decade long...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from Mr. Aftab Tapal Chairman, Tapal Tea

Congratulations to SCB Pakistan on celebrating 160 years of excellence! Over the course of our long-standing...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from Mr. Arslan Khan Vice President, Country Manager Pakistan, Mastercard

As we celebrate the 160th anniversary of Standard Chartered Bank in Pakistan, Mastercard extends its warmest...

Published 04 Jul, 2024 05:47am

Standard Chartered: Accelerating zero

First-ever USD-denominated green issuance by a Pakistani corporation Acting as a Joint Bookrunner, we successfully...

Published 04 Jul, 2024 05:47am

Standard Chartered: Diversity & inclusion

Unlocking the potential of our unique diversity - at Standard Chartered, we define diversity as the broad range of...

Published 04 Jul, 2024 05:47am

Standard Chartered: Saadiq Islamic

Standard Chartered is proud to be the first International bank in Pakistan to get an Islamic banking license and to...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from the CEO Standard Chartered Pakistan Mr. Rehan Shaikh

As we celebrate the 160th anniversary of Standard Chartered's presence in Pakistan, I am profoundly honoured and...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from the Group CEO Standard Chartered Mr. Bill Winters

As we celebrate our 160th anniversary in Pakistan, I reflect with immense pride on the legacy of our franchise in ...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from the Governor State Bank of Pakistan Mr. Jameel Ahmad

On behalf of State Bank of Pakistan, I am delighted to extend my heartfelt congratulations to Standard Chartered ...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from the Finance Minister of the Islamic Republic of Pakistan Mr. Muhammad Aurangzeb

I am very pleased to congratulate Standard Chartered Bank Pakistan for its 160th anniversary in Pakistan. Over the...

Published 04 Jul, 2024 05:47am

Standard Chartered: Message from the Prime Minister of the Islamic Republic of Pakistan Mr. Shehbaz Sharif

I would like to extend my heartfelt felicitations to Standard Chartered Bank Pakistan on its 160th anniversary....

Published 04 Jul, 2024 05:47am

Industry

CPEC offers opportunity to strengthen educational sector as well: PCJCCI chief

LAHORE: Moazzam Ghurki, President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) highlighted that...

Published 04 Jul, 2024 05:47am

Weather forecast responsibility: PMD conveys its concerns to PM against NDMA

LAHORE: The director general of Pakistan Meteorological Department (PMD) has conveyed his reservations to Prime...

Published 04 Jul, 2024 05:47am

‘Those who broadcast slander also corrupt those who hear it’: SC

ISLAMABAD: The Supreme Court said the broadcaster of slander cannot take refuge in saying that he is not the...

Published 04 Jul, 2024 05:47am

PTI accuses CJP of ‘wilfully’ stalling judicial matters

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Wednesday accused the country’s Chief Justice Qazi Faez Isa of being...

Published 04 Jul, 2024 05:47am

Payment of fine to victims’ families: IHC turns down defence ministry’s, others’ appeals

ISLAMABAD: The Islamabad High Court (IHC), Wednesday, turned down the Ministry of Defense and others’ appeals...

Published 04 Jul, 2024 05:47am

IDEAS to foster strategic ties with world community: Sindh CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah Wednesday said “hosting the 12th edition of IDEAS underscores ...

Published 04 Jul, 2024 05:47am

JI Karachi chief calls on Iranian CG

KARACHI: Jamaat-e-Islami (JI) Karachi Chief, Munem Zafar along a delegation on Wednesday called on Iranian Consul...

Published 04 Jul, 2024 05:47am

Five killed in Bhakkar road mishap

BHAKKAR: In a most horrific incident, five people were killed while nine were seriously wounded when two vehicles...

Published 04 Jul, 2024 05:47am

Head coach cites lack of cricketing skills in T20I World Cup

LAHORE: Head coach of the Pakistan cricket team Gary Kirsten has cited lack of cricketing skills, physical fitness...

Published 04 Jul, 2024 05:47am

Israel approves biggest West Bank land seizure

OCCUPIED JERUSALEM: Israel has approved its biggest land seizure in the occupied West Bank in more than three...

Published 04 Jul, 2024 05:47am

Hezbollah fires rockets at Israeli positions after commander killed

BEIRUT: Hezbollah said it fired more than 100 rockets at Israeli positions on Wednesday in retaliation for a strike...

Published 04 Jul, 2024 05:47am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (July 03, 2024). ==================================== BR...

Published 04 Jul, 2024 05:47am

Commodities

Gold prices soar

KARACHI: The local gold prices on Wednesday surged with the global bullion value nearing $2350 an ounce, traders...

Published 04 Jul, 2024 05:47am

PARTLY FACETIOUS: ‘If the gods are on your side, then who cares about the Plebeians’

“The split within a political party…” “Is fodder for the gods.” “What, are you pagan? Gods indeed.” “That is an...

Updated 04 Jul, 2024 08:22am

New York State Assembly leader seeks better economic, education ties with Pakistan

KARACHI: Deputy Speaker of New York State Assembly Phil Ramos said on Wednesday that the mission of their visit to...

Published 04 Jul, 2024 05:47am

International DNA Day IBPB 5.0 marked at SSUET

KARACHI: The Biomedical Engineering Department of Sir Syed University of Engineering & Technology (SSUET)...

Published 04 Jul, 2024 05:47am

‘Action taken against three flour mills’

LAHORE: The Punjab Food Department (PFD) during its ongoing crackdown against the flour mills, dealers and retailers...

Published 04 Jul, 2024 05:47am

Cotton & Textile

Mills take interest in fresh buying of cotton

LAHORE: The local cotton market on Wednesday remained steady and the trading volume remained satisfactory. Cotton...

Published 04 Jul, 2024 05:47am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (July 03, 2024)...

Published 04 Jul, 2024 05:47am

Commodities

Gold higher on softer dollar ahead of US Fed minutes

BENGALURU: Gold prices strengthened on Wednesday as the dollar eased after dovish comments from Federal Reserve ...

Published 04 Jul, 2024 05:47am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 140,782 tonnes of cargo comprising 100,129 tonnes of import cargo and 40,653...

Published 04 Jul, 2024 05:47am

Commodities

Malaysian palm oil futures easier

JAKARTA: Malaysian palm oil futures declined on Wednesday, snapping five consecutive sessions of gains, on likely...

Published 04 Jul, 2024 05:47am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 21.128 billion...

Published 04 Jul, 2024 05:47am

Energy

Oil prices up slightly

NEW YORK: Oil prices were up slightly on Wednesday after a larger-than-expected decline in US crude stocks, but thin...

Published 04 Jul, 2024 05:47am

Commodities

EU wheat prices lower

PARIS: European wheat dipped on Wednesday on improved forecasts for the Russian wheat harvest, which are likely to...

Published 04 Jul, 2024 05:47am

Commodities

Copper extends gains on Chinese demand

LONDON: Copper prices rose for a fourth straight session on Wednesday, buoyed by signs of firmer demand in China,...

Published 04 Jul, 2024 05:47am

Commodities

Japanese rubber futures down

SINGAPORE: Japanese rubber futures eased on Wednesday as weak demand weighed on the market, although higher crude ...

Published 04 Jul, 2024 05:47am

Commodities

Iron ore extends gains on demand, China stimulus hopes

BEIJING: Iron ore futures prices rose for a fourth straight session on Wednesday to their highest level in nearly...

Published 04 Jul, 2024 05:47am

Energy

US natural gas prices fall

NEW YORK: US natural gas futures held near a seven-week low on Wednesday as the market waits for direction from what...

Published 04 Jul, 2024 05:47am

Stocks

Most Gulf markets gain on US rate cut bets

DUBAI: Most stock markets in the Gulf ended higher on Wednesday as comments from Federal Reserve Chair Jerome Powell...

Published 04 Jul, 2024 05:47am

Stocks

Nikkei rises as tech stocks track US growth shares

TOKYO: Japan’s Nikkei share average rose for a fourth consecutive day on Wednesday, as heavyweight technology...

Published 04 Jul, 2024 05:47am

Stocks

China stocks fall on soft economic data

HONG KONG: China stocks fell on Wednesday as data showed the country’s services activity growth hit an eight-month...

Published 04 Jul, 2024 05:47am

Stocks

European shares rise as Fed rate cut bets firm

PARIS: European shares rose on Wednesday, as dovish comments from Federal Reserve Chair Jerome Powell and fresh US...

Published 04 Jul, 2024 05:47am

S&P 500, Nasdaq post record closing highs

Stocks

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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