News Archives for Print - 2024-07-05

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Print - 2024-07-05

Tax exemption on POL products: FBR suffers massive revenue loss in 2022-23

ISLAMABAD: The Federal Board of Revenue (FBR) has suffered revenue loss of Rs 1.25 trillion during 2022-23 on...

Updated 05 Jul, 2024 08:51am

Transition plan to wind up PWD: ED creates surplus pool of 7,000 employees

ISLAMABAD: The Establishment Division has created a surplus pool of around 7000P Public Works Department (PWD)...

Updated 05 Jul, 2024 09:18am

Unregistered retailers: 2.5pc advance tax stirs up a hornet’s nest

Thrusts entire FMCG sector into the role of withholding agents

Updated 05 Jul, 2024 09:33am

Kenya president spoke to IMF chief after pulling tax hikes

NAIROBI: Kenyan President William Ruto spoke by phone with International Monetary Fund chief Kristalina Georgieva in...

Published 05 Jul, 2024 03:17am

SCO states urged to tackle terrorism issue: PM for international engagement with Afghan govt

ASTANA: Prime Minister Shehbaz Sharif on Thursday reaffirming Pakistan’s commitment to SCO objectives of peace and...

Published 05 Jul, 2024 03:17am

Biden vows to stay ‘to the end’

WASHINGTON: US President Joe Biden vowed to stay in the 2024 presidential race during calls with campaign staff and...

Published 05 Jul, 2024 03:17am

Europe

Labour tipped for historic win

LONDON: Britain voted Thursday in a general election that polls predict will hand the opposition Labour party a...

Published 05 Jul, 2024 03:17am

Power minister promises tariff relief

ISLAMABAD: Federal Minister for Energy Awais Leghari acknowledged on Thursday the current high electricity prices in...

Updated 05 Jul, 2024 08:55am

Detection of tax fraud cases: PM directs FBR to expedite efforts

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to expedite efforts for...

Updated 05 Jul, 2024 09:18am

Violators of peace: Lists sought from DCs

LAHORE: The Punjab Home Department has sought lists from all districts for the banning and gagging of those who pose...

Published 05 Jul, 2024 03:17am

Naqvi says getting input from former cricketers to improve cricket in country

LAHORE: Expressing his firm resolve to establish the cricketing affairs on sound footings, Pakistan Cricket Board...

Published 05 Jul, 2024 03:17am

PFA inspects 141 food points in Lahore

LAHORE: The Punjab Food Authority (PFA) has inspected 141 eateries including fruit shops and fast food points to...

Published 05 Jul, 2024 03:17am

Police given another chance to recover Gill’s brother

LAHORE: The Lahore High Court on Thursday allowed another opportunity to police for the recovery of PTI leader...

Published 05 Jul, 2024 03:17am

Majalis and processions: Punjab IG finalises security arrangements

LAHORE: Inspector General of Police Punjab, Dr. Usman Anwar, has said that in view of the upcoming Muharram ul ...

Published 05 Jul, 2024 03:17am

Minister defends cut in PSDP

ISLAMABAD: Minister for Planning Ahsan Iqbal said that to implement the International Monetary Fund (IMF) plan, a ...

Published 05 Jul, 2024 03:17am

Mobile World Congress Shanghai 2024: Huawei highlights advancements in 5G-A technology, AI integration

ISLAMABAD: Huawei made a significant impact at the Mobile World Congress (MWC) Shanghai 2024, highlighting its...

Published 05 Jul, 2024 03:17am

LDA seals four properties

LAHORE: The Lahore Development Authority (LDA) has sealed four properties in New Muslim Town over non-payment of...

Published 05 Jul, 2024 03:17am

PTI rejects power tariff hike

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Thursday vehemently rejected the massive Rs 5.72 per unit increase in...

Published 05 Jul, 2024 03:17am

Shortage of petrol likely at some places

ISLAMABAD: People may face a shortage of petrol in some places in the country following a countrywide strike on July...

Published 05 Jul, 2024 03:17am

Ethiopia hoping for $10.5bn financial aid in coming years: PM

ADDIS ABABA: Ethiopian Prime Minister Abiy Ahmed said on Thursday he was expecting about $10.5 billion in financial...

Published 05 Jul, 2024 03:17am

Floods kill nine in India and BD, millions affected

GUWAHATI, (India): Torrential rains and surging rivers across northeast India and neighbouring Bangladesh have ...

Published 05 Jul, 2024 03:17am

Oslo Pride shooter handed maximum sentence

OSLO: The gunman who killed two people at Oslo’s 2022 Pride festival was handed decades behind bars Thursday over...

Published 05 Jul, 2024 03:17am

Hurricane Beryl churns towards Mexico after hammering Jamaica

KINGSTON, (Jamaica): Hurricane Beryl powered towards Mexico and the Cayman Islands early Thursday, threatening ...

Published 05 Jul, 2024 03:17am

Europe

French far right insists election triumph possible despite pacts

PARIS: The French far-right National Rally (RN) insisted Thursday that it could still win an absolute majority in...

Published 05 Jul, 2024 03:17am

25 people drown in Sudan fleeing fighting

PORT SUDAN: Around 25 people have drowned in Sudan’s southeast while trying to flee fighting between the Sudanese...

Published 05 Jul, 2024 03:17am

Europe

EU slaps Chinese electric cars with tariffs of up to 38pc

BRUSSELS: The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric ...

Published 05 Jul, 2024 03:17am

India, China foreign ministers agree to work on border issues

NEW DELHI/BEIJING: India’s Foreign Minister Subrahmanyam Jaishankar met his Chinese counterpart Wang Yi on ...

Published 05 Jul, 2024 03:17am

Xi and Putin set out ambitions for Eurasian security club

ASTANA: China’s President Xi Jinping and Russia’s Vladimir Putin pressed their case on Thursday for closer...

Published 05 Jul, 2024 03:17am

The Weather

KARACHI: The weather report on Thursday (July 04, 2024) and the forecast for Friday (July 05, 2024)...

Published 05 Jul, 2024 03:17am

Rates

PSX ekes out gains

KARACHI: Pakistan Stock Exchange on Thursday witnessed a mixed trend and after moving in both directions, closed on...

Published 05 Jul, 2024 03:17am

Maryam defends defamation law

LAHORE: Terming the defamation law as need of the hour, Punjab Chief Minister Maryam Nawaz wondered how one could...

Published 05 Jul, 2024 03:17am

Stocks

KSE-100 Index may reach 109,250-level by June 2025: research

KARACHI: The fiscal year 2024-25 is expected to be a year of strengthening investor sentiment in the equity market...

Published 05 Jul, 2024 03:17am

SSGC announces 24-hour gas holiday on 7th

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

Published 05 Jul, 2024 03:17am

Fund transfer made uniform across all 25 Karachi towns: deputy mayor

KARACHI: Deputy Mayor of Karachi, Salman Murad Baloch has said that under the vision of Pakistan People’s Party...

Published 05 Jul, 2024 03:17am

Sindh CM showcases party’s 15-year performance in province

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, under the banner of Vision Sindh, toured the entire province to...

Published 05 Jul, 2024 03:17am

Group of fuel dealers rejects today’s strike

KARACHI: A group of petroleum dealers have announced they will not join the July 05 strike. These petroleum ...

Published 05 Jul, 2024 03:17am

ETs in Punjab: SC suspends LHC’s judgment until next hearing

ISLAMABAD: The Supreme Court (SC) until the next date of hearing suspended the Lahore High Court’s judgment and...

Published 05 Jul, 2024 03:17am

Senate passes Elections (Amendment) Bill amid protest

ISLAMABAD: Amidst strong protest by the opposition, the Senate, Thursday passed the Elections (Amendment) Bill 2024...

Published 05 Jul, 2024 03:17am

Nasir inspects solar systems installed at 2 hospitals

KARACHI: Sindh Provincial Energy Minister Syed Nasir Hussain Shah visited Dow Medical Hospital (Ojha Campus) and...

Published 05 Jul, 2024 03:17am

PARTLY FACETIOUS: ‘Spades I reckon is the order of the day…’

“How would you translate the Urdu word anari into English?” “Unskilled?” “I hope this is not a dig at...

Published 05 Jul, 2024 03:17am

Significant rainfall: NDMA issues advisory to depts

ISLAMABAD: Following the Pakistan Meteorological Department’s (PMD’s) anticipation of significant rainfall in...

Published 05 Jul, 2024 03:17am

PTI demands IK’s release in light of UN working group’s report

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) demanded on Thursday to immediately and unconditionally release party...

Published 05 Jul, 2024 03:17am

Economic policy, federal budget and role of opposition

’…the existence of the opposition is ‘nearly the most distinctive characteristic of democracy’. In parliamentary...

Published 05 Jul, 2024 03:17am

Regressive taxes, neglected reforms

Pakistan’s reliance on bilateral, trilateral, and friendly countries to fulfill its financial requirements not only...

Published 05 Jul, 2024 03:17am

Stocks

Indian shares end flat

BENGALURU: Indian shares ended Thursday on a flat note as a drop in heavyweight HDFC Bank offset gains across...

Published 05 Jul, 2024 03:17am

Stocks

European shares advance on rate optimism

PARIS: European shares rose on Thursday amid optimism around US interest rate cuts following soft economic data,...

Published 05 Jul, 2024 03:17am

Stocks

FTSE 100 up nearly 1pc with Labour favoured to win election

LONDON: London’s FTSE 100 closed nearly 1% higher on Thursday, boosted by gains in medical equipment company Smith...

Published 05 Jul, 2024 03:17am

Stocks

China shares end lower; Fed rate cut bets buoy HK stocks

SHANGHAI: Mainland China stocks ended lower on Thursday, dragged by property shares, while Hong Kong shares rose...

Published 05 Jul, 2024 03:17am

Stocks

Most Gulf markets gain on rate cut hopes

DUBAI: Most stock markets in the Gulf ended higher on Thursday following soft US labour market data that buoyed...

Published 05 Jul, 2024 03:17am

Stocks

Tokyo shares close at record high

TOKYO: Tokyo shares closed at all-time highs on Thursday, tracking records on Wall Street where bullish global...

Published 05 Jul, 2024 03:17am

Energy

Brent crude above $87, sets highest levels since April

LONDON: Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the...

Published 05 Jul, 2024 03:17am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 125,151 tonnes of cargo comprising 72,527 tonnes of import cargo and 52,624...

Published 05 Jul, 2024 03:17am

Cotton & Textile

Modest activity on cotton market

LAHORE: The local cotton market on Thursday remained firm and the trading volume remained satisfactory. Cotton...

Published 05 Jul, 2024 03:17am

Letters

‘Goodbye to freedom of speech and expression’

This is apropos three letters titled ‘Goodbye to freedom of speech and expression’ the newspaper carried...

Published 05 Jul, 2024 03:17am

Election Commission of India saved Indian democracy?

The Election Commission of India (ECI) saved Indian democracy by holding free and fair, credible elections. While...

Published 05 Jul, 2024 03:17am

5th July - a metaphor for destruction, degradation and decline

July 5th is the darkest day in the history of Pakistan. Forty-five years ago, on July 5, 1979, military dictator...

Updated 05 Jul, 2024 09:42am

Rates

LME official prices

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

Published 05 Jul, 2024 03:17am

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 05 Jul, 2024 03:17am

Forex

Open market rates of foreign currencies

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

Published 05 Jul, 2024 03:17am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (July 04, 2024). ======================== Open Bid Rs...

Published 05 Jul, 2024 03:17am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (July 04, 2024)....

Published 05 Jul, 2024 03:17am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 04, 2024)....

Published 05 Jul, 2024 03:17am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (July 04, 2024)...

Published 05 Jul, 2024 03:17am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (July 04, 2024). ======================================= Offset...

Published 05 Jul, 2024 03:17am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (July 04, 2024). ==================================== BR...

Published 05 Jul, 2024 03:17am

FY24: forex reserves record increase of over $5bn on foreign inflows

Foreign exchange position improved during the last fiscal year supported by arrival of inflows from the international financial and multilateral agencies

Updated 05 Jul, 2024 09:30am

884MW Suki Kinari project: NESPAK jubilant over hi-pot testing of transmission line on time

ISLAMABAD: National Engineering Services Pakistan (Pvt) Limited is jubilant over hi-pot testing of transmission line...

Updated 05 Jul, 2024 01:47pm

Discos’ consumers: Nepra set to hold hearing to put its stamp on revised SoT

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) is all set to hold a public hearing to put a...

Updated 05 Jul, 2024 01:46pm

HBFC sell-off progress reviewed: Talks held with interested business group

ISLAMABAD: Federal Minister Privatisation Abdul Aleem Khan, Minister for Finance Muhammad Aurangzeb and Minister for...

Updated 05 Jul, 2024 09:28am

‘Unjust’ budget: MoC, exporters join the chorus against MoF, FBR

ISLAMABAD: The Commerce Ministry and exporters on Thursday joined the chorus against Finance Ministry and Federal...

Updated 05 Jul, 2024 08:49am

SCO member states’ summit: Pakistan will extend invitations to all heads

ISLAMABAD: The Foreign Office, on Thursday, categorically rejected the “baseless” assertions made about Pakistan in...

Updated 05 Jul, 2024 09:19am

Money & Banking

BoP to set up ‘Wholesale Banking Unit’ in Bahrain

KARACHI: The Board of Directors of the Bank of Punjab has approved the business plan to establish a Wholesale ...

Published 05 Jul, 2024 03:17am

Companies

Affordability of EVs: U Bank sign MoU with Yousuf Dewan Companies

ISLAMABAD: U Micro-finance Bank (U Bank) and Yousuf Dewan Companies have entered into a strategic collaboration to...

Published 05 Jul, 2024 03:17am

Companies

TECNO, Careem sign MoU

KARACHI: TECNO Pakistan and Careem have signed MoU for an exciting Raffles Campaign, offering users the chance to ...

Published 05 Jul, 2024 03:17am

Commodities

Inter-provincial movement of wheat linked with e-permits only

LAHORE: To ensure smooth supply and avoid any shortage of flour, the Punjab government on Thursday linked the...

Published 05 Jul, 2024 03:17am

Concerted efforts can help increase textile export: PHMA

FAISALABAD: Mian Farrukh Iqbal Chairman Pakistan Hosiery Manufacturers and Exporters Association (North Zone) while...

Published 05 Jul, 2024 03:17am

Taxes

Taxpayers challenge random selection of returns for audit

LAHORE: Taxpayers from sugar industry have challenged the power of Commissioner Inland Revenue (CIR) to make a ...

Published 05 Jul, 2024 03:17am

Lacklustre diplomacy

EDITORIAL: The recent passing of the bipartisan resolution in the US House of Representatives that condemned what it...

Published 05 Jul, 2024 03:17am

The budget and the IMF

EDITORIAL: The Minister for State for Finance and Revenue Ali Pervaiz Malik has stated that the point of pushing...

Published 05 Jul, 2024 03:17am

Money & Banking

Dollar weakness supports pound and euro

LONDON: The pound and the euro gained against the dollar on Thursday after weak US economic data sent the greenback...

Published 05 Jul, 2024 03:17am

Money & Banking

Asian currencies rise on US rate cut wagers

BENGALURU: Asian currencies gained ground against a weaker dollar on Thursday, and equities climbed with those in...

Published 05 Jul, 2024 03:17am

Commodities

EU wheat rises in thin trade

PARIS: European wheat rose on Thursday in a technical rebound after falling sharply the previous day, but volumes...

Published 05 Jul, 2024 03:17am

Commodities

Malaysian palm oil futures lower

JAKARTA: Malaysian palm oil futures dropped on Thursday, tracking loss in the Dalian soyoil contract, while the...

Published 05 Jul, 2024 03:17am

Commodities

Gold lingers near two-week high

BENGALURU: Gold prices were flat near a two-week high on Thursday after softer-than-expected US economic data ...

Published 05 Jul, 2024 03:17am

Commodities

Prices edge up in Vietnam on tight supplies

HANOI/BANDAR LAMPUNG, (Indonesia): Coffee prices in Vietnam continued to inch up this week on tighter supplies as...

Published 05 Jul, 2024 03:17am

Commodities

Asia rice: Prices drop in Thailand, Vietnam

BENGALURU/MUMBAI/BANGKOK/HANOI/BANGLADESH: Prices of rice exported from Thailand and Vietnam slipped this week on...

Published 05 Jul, 2024 03:17am

Commodities

Iron ore climbs to 1-month high on robust demand

BEIJING: Iron ore futures extended gains into a fifth straight session on Thursday to erase most losses from the...

Published 05 Jul, 2024 03:17am

Commodities

Copper prices steady

LONDON: Copper prices were steady on Thursday as investors’ balanced optimism over potential US interest rate cuts...

Published 05 Jul, 2024 03:17am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (July 04, 2024)...

Published 05 Jul, 2024 03:17am

Commodities

Japanese rubber futures weaker

SINGAPORE: Japanese rubber futures fell on Thursday, tracking weaker crude oil and physical rubber prices. The...

Published 05 Jul, 2024 03:17am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 18.335...

Published 05 Jul, 2024 03:17am

Industry

Aurangzeb, other ministers to visit FPCCI’s regional office

LAHORE: Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb and Minister of State for Finance,...

Published 05 Jul, 2024 03:17am

Taxes

FBR transfers, posts 78 officials

ISLAMABAD: In a major reshuffling on Thursday, the Federal Board of Revenue (FBR) has transferred and posted 78...

Published 05 Jul, 2024 03:17am

Companies

GM fined $146m for lowballing vehicle emissions

NEW YORK: General Motors will pay nearly $146 million in penalties for underestimating emissions produced by its...

Published 05 Jul, 2024 03:17am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 4	277.65
USD PKR Interbank Buying / Oct 4	277.45
USD to Japanese Yen / Oct 5	148.70
USD to Swiss Franc / Oct 5	0.86
Pound Sterling to USD / Oct 5	1.31
Euro to USD / Oct 5	1.10

Stock	Volume
S&P 500 / Oct 5	5,751.07
India Sensex / Oct 5	81,688.45
Tokyo Nikkei / Oct 5	38,635.62
Nasdaq / Oct 5	18,137.85
Hang Seng / Oct 5	22,736.87
FTSE 100 / Oct 5	8,280.63
Dow Jones / Oct 5	42,352.75
Germany DAX 30 / Oct 5	19,120.93

Item	Value
Crude Oil USD/Barrel / Oct 5	74.38
Karachi Cotton PKR/37.32 KG / Oct 5	18,285
Gold 10 Grams PKR / Oct 5	237,401.20
Gold Spot USD/Ounce / Oct 5	2,653.60
Cotton US¢/pound / Oct 5	73.27
Petrol/Litre / Oct 6	247.03

Gainers
Losers
Leaders

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

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

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

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