News Archives for Print - 2024-07-15

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Print - 2024-07-15

TDCP generates over Rs467m thru Patriata chairlift in FY24

LAHORE: The Tourism Development Corporation of Punjab (TDCP) successfully earned over Rs 467 million in the fiscal...

Published 15 Jul, 2024 07:40am

Health professionals assail trade of illicit, sub-standard tea

LAHORE: Terming the health risks associated with the illicit and sub-standard tea, health professionals said that...

Published 15 Jul, 2024 07:33am

Omar says ‘officials’ coercing PTI lawmakers to change loyalty

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) General Secretary Omar Ayub Khan has accused commissioners from various...

Published 15 Jul, 2024 07:32am

Heavy rains likely on 8th and 9th Muharram

LAHORE: On 8th and 9th of Muharram, there are chances of heavy rains across Punjab. It was informed by PDMA that...

Published 15 Jul, 2024 07:28am

Energy

Progress of Spat Gah power project reviewed

PESHAWAR: Secretary Energy and Power Nisar Ahmad Khan called foreign investment as a milestone in the coming days...

Published 15 Jul, 2024 07:26am

Energy

Hike in prices of solar-powered inverters expected

LAHORE: Excessive panel imports have encouraged aggressive solar power system installations by consumers across the...

Published 15 Jul, 2024 07:22am

Industry

KP mulling establishing furniture-specific industrial zone

PESHAWAR: The provincial government of Khyber Pakhtunkhwa is going to establish a modern industrial zone for making...

Published 15 Jul, 2024 07:19am

Ambassador highlights potential of CBD Punjab’s projects

LAHORE: The newly appointed Pakistani Ambassador to US Rizwan Saeed Sheikh visited Punjab Central Business District...

Published 15 Jul, 2024 07:15am

Sindh, KP governors, CM join ‘Ashara Mubaraka’ congregation

KARACHI: Sindh Governor Kamran Khan Tessori, Chief Minister Syed Murad Ali Shah, and Khyber Pakhtunkhwa Governor...

Published 15 Jul, 2024 07:11am

Stocks

Indian shares surge for sixth straight week

BENGALURU: The Indian benchmarks jumped to record closing highs on Friday as IT stocks joined an over month-long...

Published 15 Jul, 2024 07:05am

Stocks

UK stocks shine with weekly gains

LONDON: London stocks ended the week on a positive note, as investors shrugged off slightly higher than expected US...

Published 15 Jul, 2024 07:03am

Stocks

Saudi bourse gains on US rate cut hopes

DUBAI: Saudi Arabia’s stock market closed higher on Sunday as investors turned their focus to US Federal Reserve...

Published 15 Jul, 2024 07:02am

Money & Banking

Australian dollar sails to six-month top as kiwi sinks

SYDNEY: The Australian dollar held near six-month peaks on Friday as markets sharply narrowed the odds on US rate...

Published 15 Jul, 2024 06:59am

Money & Banking

Sterling heads for best 2-week run since Nov

LONDON: The pound coursed towards its best two-week performance against the dollar in eight months on Friday, after...

Published 15 Jul, 2024 06:58am

Money & Banking

China’s yuan eases

SHANGHAI: China’s yuan eased on Friday after strengthening to a one-month high, as the central bank set a mild...

Published 15 Jul, 2024 06:57am

Stocks

Wall Street Week Ahead: Expected US rate cuts have investors looking beyond big tech

NEW YORK: Looming US interest rate cuts are presenting investors with a tough choice: stick with the Big Tech stocks...

Published 15 Jul, 2024 06:56am

Cotton & Textile

Weekly Cotton Review: Market witnesses satisfactory business volume

KARACHI: The cotton market has stabilized, with a satisfactory business volume. However, trading activity was...

Published 15 Jul, 2024 06:29am

Thoughts on the provincial budgets

Khyber Pakhtunkhwa (KPK) budget was announced on 25 May, two and a half weeks before the federal budget was ...

Updated 15 Jul, 2024 08:14am

Challenge of lower growth: IMF bailout insufficient

The IMF Staff-Level Agreement (SLA) for $7 billion programme is done. However, that does not ensure revival of the...

Updated 15 Jul, 2024 08:17am

Taxing agriculture, finally?

EDITORIAL: At last, the IMF (International Monetary Fund) has announced reaching a staff-level agreement (SLA) with...

Updated 15 Jul, 2024 08:11am

The illogical vilification of investors

EDITORIAL: Bashing IPPs (Independent Power Producers) – especially those under the CPEC (China Pakistan Economic...

Updated 15 Jul, 2024 08:22am

Letters

Supreme Court verdict reshapes 2024 political arena

The Supreme Court (SC), in its landmark decision announced on 11.07.2024 surprised the government, the supra...

Published 15 Jul, 2024 06:29am

Commodities

Prices of important kitchen items soar

PESHAWAR: Prices of essential food commodities including live chicken/meat, vegetables, packed-milk, powder milk,...

Published 15 Jul, 2024 06:29am

Europe

France celebrates national day as political crisis rumbles on

PARIS: France celebrated military victories of the past at its annual Bastille Day parade Sunday, while its present...

Published 15 Jul, 2024 06:29am

China, Russia conduct joint Pacific military patrol

BEIJING: China and Russia conducted a joint naval patrol in the northern and western Pacific, Beijing’s defence...

Published 15 Jul, 2024 06:29am

Different modules of trade, business with Russia under study

ISLAMABAD: Pakistan is reportedly studying different modules of trade and business with Russia being adopted by...

Updated 15 Jul, 2024 09:26am

Complaints about different projects: ADB decides to dispatch mission

Accountability Mission to visit Pakistan in September

Updated 15 Jul, 2024 04:14pm

Pakistani, Chinese cos reach preliminary agreement to introduce solar e-bikes

ISLAMABAD: Chinese and Pakistani companies have reached a preliminary cooperation agreement to introduce...

Updated 15 Jul, 2024 09:22am

Excessive fees/charges: Iraq’s envoy hands list of travel agents to interior minister

ISLAMABAD: In an unusual move, Iraq’s envoy here has handed a list to Pakistan’s Interior minister, of the travel...

Updated 15 Jul, 2024 09:45am

KP govt to establish cyber security institute

PESHAWAR: The provincial government has decided in principles to establish an international standard cyber security...

Published 15 Jul, 2024 06:25am

Chinese investors call on Gandapur

PESHAWAR: A delegation of Chinese private sector Investment Company called on Chief Minister Khyber Pakhtunkhwa...

Published 15 Jul, 2024 06:25am

IK, Bushra remanded to NAB custody

ISLAMABAD: An Accountability Court on Sunday remanded former prime minister Imran Khan and his wife Bushra Bibi to...

Published 15 Jul, 2024 06:25am

Sanam Javed arrested again

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) activist Sanam Javed Khan was arrested again on Sunday shortly after a...

Published 15 Jul, 2024 06:25am

PTI condemns ‘coercive measures’

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) strongly condemned the allegedly coercive measures aimed at compelling...

Published 15 Jul, 2024 06:25am

Candidates for reserved seats in Sindh PA: PTI finalises three names

KARACHI: The Pakistan Tehreek-e-Insaf (PTI) has decided to nominate candidate for three reserve seats in the Sindh...

Published 15 Jul, 2024 06:25am

11 KP seats: SC decision paves way for Senate elections

ISLAMABAD: The Supreme Court’s landmark judgement in the reserved seats case has paved way for Senate elections on...

Updated 15 Jul, 2024 08:59am

Qaiser claims PTI MNA ‘abducted’

ISLAMABAD: Former National Assembly Speaker Asad Qaiser Sunday claimed that Amir Sultan, a member of the national...

Published 15 Jul, 2024 06:25am

Another journalist shot dead in KP

NOWSHERA: A tragic incident was reported from Nowshera city of Khyber Pakhtunkhwa (KP) where a local journalist was...

Published 15 Jul, 2024 06:25am

Faisalabad Division: minister reviews Muharram arrangements

FAISALABAD: Provincial Local Government Minister/ In-charge Muharram Al Haram arrangements for Faisalabad Division...

Published 15 Jul, 2024 06:25am

Agriculture and Allied

Workshop on capacity building held for agri inputs dealers

PESHAWAR: The USAID’s Economic Recovery and Development Activity (ERDA) organised a one-day workshop for the...

Published 15 Jul, 2024 06:25am

BMP for revisiting power purchase contracts with a view to reducing energy cost

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

Updated 15 Jul, 2024 09:04am

Swiss authorities draw flak in Credit Suisse probe: report

ZURICH: Preliminary findings in an eagerly awaited parliamentary report into the 2023 collapse of Credit Suisse have...

Published 15 Jul, 2024 06:25am

Middle East

Dubai crown prince named UAE defence minister

DUBAI: Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum on Sunday announced he appointed his son, the emirate’s...

Published 15 Jul, 2024 06:25am

Energy

Reactivating Neelum-Jhelum hydropower project: PM orders formation of body on urgent basis

ISLAMABAD: The closure of Neelum-Jhelum Hydropower Project is causing a loss of millions of rupees to the national...

Published 15 Jul, 2024 06:25am

FBR asked to bring all hidden issues before PM immediately

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to immediately bring all...

Updated 15 Jul, 2024 09:23am

Flour mills resume operations

LAHORE: Hundreds of flour mills across the country resumed normal operations from Sunday after postponing their...

Updated 15 Jul, 2024 09:26am

Rates

PKR: largely stable for another week

KARACHI: The rupee remained largely stable against the US dollar for another week, keeping its position around the...

Published 15 Jul, 2024 06:25am

Imran among world leaders react to Trump rally shooting

WASHINGTON: World leaders and governments reacted with shock to the wounding of former US president Donald Trump in...

Published 15 Jul, 2024 06:25am

Up to July 2024: FBR integrates 8,949 big retailers into POS system

ISLAMABAD: The Federal Board of Revenue has integrated 8,949 big retailers into Point of Sales (POS) system up to...

Updated 15 Jul, 2024 09:08am

PTI says has submitted affidavits of 25 MNAs to ECP

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) has submitted the affidavits of 25 of 41 Members National Assembly (MNAs)...

Updated 15 Jul, 2024 09:02am

President, PM condemn attack

ISLAMABAD: President Asif Ali Zardari on Sunday strongly condemned an attack on former US President Donald Trump’s...

Updated 15 Jul, 2024 09:01am

Rates

Futures spread up 240bps

Trading...

Published 15 Jul, 2024 06:25am

Rates

PSX remains under pressure

KARACHI: Pakistan Stock Exchange remained under pressure during the outgoing week ended on July 12, 2024 as the...

Published 15 Jul, 2024 06:25am

Over 12,000 rescuers to be deployed across Punjab

LAHORE: Over 12,000 rescuers would be deployed during Muharram to provide rescue and medical cover to 1029...

Updated 15 Jul, 2024 07:17am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 25	280.52
USD PKR Interbank Buying / Mar 25	280.27
USD to Japanese Yen / Mar 25	150.44
USD to Swiss Franc / Mar 25	0.88
Pound Sterling to USD / Mar 25	1.29
Euro to USD / Mar 25	1.08
UK LIBOR % / Mar 25	4.96

Stock	Volume
S&P 500 / Mar 25	5,776.65
India Sensex / Mar 25	78,876.83
Tokyo Nikkei / Mar 25	37,938.34
Nasdaq / Mar 25	18,271.86
Hang Seng / Mar 25	23,409.08
FTSE 100 / Mar 25	8,663.80
Dow Jones / Mar 25	42,587.50
Germany DAX 30 / Mar 25	23,109.79
France CAC40 / Mar 25	8,108.59

Item	Value
Crude Oil USD/Barrel / Mar 25	69.19
Karachi Cotton PKR/37.32 KG / Mar 25	17,085
Gold 10 Grams PKR / Mar 25	272,462
Gold Spot USD/Ounce / Mar 25	3,017.63
Cotton US¢/pound / Mar 25	65.24
Petrol/Litre / Mar 26	255.63
Diesel/Litre / Mar 26	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 26 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	3.01 ▲ 1 (49.75%)
Sec. Inv. Bank / Mar 26 Security Investment Bank Limited(SIBL)	9.99 ▲ 1 (11.12%)
Zephyr Textile / Mar 26 Zephyr Textiles Limited(ZTL)	11.40 ▲ 1.04 (10.04%)
Philip Morris Pak. / Mar 26 Philip Morris (Pakistan) Limited(PMPK)	737.77 ▲ 67.07 (10%)
Leiner Pak Gelat / Mar 26 Leiner Pak Gelatine Limited(LPGL)	110.80 ▲ 10.07 (10%)
Data Agro / Mar 26 Data Agro Limited(DAAG)	96.62 ▲ 8.78 (10%)
Crescent Fib. / Mar 26 Crescent Fibres Limited(CFL)	45.69 ▲ 4.13 (9.94%)
Hussain Industries / Mar 26 Husein Industries Limited(HUSI)	27.29 ▲ 2.42 (9.73%)
Universal Ins. / Mar 26 The Universal Insurance Company Limited(UVIC)	10.34 ▲ 0.91 (9.65%)
LSE Financial Serv. / Mar 26 LSE Financial Services Limited(LSEFSL)	18.79 ▲ 1.65 (9.63%)

Stock	Price
Atlas Ins. Ltd / Mar 26 Atlas Insurance Limited(ATIL)	57.70 ▼ -6.28 (-9.82%)
Jubilee Spinning / Mar 26 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.64 ▼ -1.13 (-9.6%)
Pak Gen.Ins. / Mar 26 The Pakistan General Insurance Co. Ltd.(PKGI)	8.34 ▼ -0.79 (-8.65%)
Noon Sugar / Mar 26 Noon Sugar Mills Limited(NONS)	73.51 ▼ -6.06 (-7.62%)
PIA Holding Co.B / Mar 26 PIA Holding Company Limited B(PIAHCLB)	900.16 ▼ -71.96 (-7.4%)
UDL International / Mar 26 UDL International Limited(UDLI)	7.11 ▼ -0.53 (-6.94%)
Bela Auto / Mar 26 Bela Automotives Limited(BELA)	170 ▼ -11.94 (-6.56%)
Packages Ltd. / Mar 26 Packages Limited(PKGS)	546.90 ▼ -37.02 (-6.34%)
Jauharabad Sug / Mar 26 Jauharabad Sugar Mills Limited(JSML)	42 ▼ -2.79 (-6.23%)
Ruby Textile / Mar 26 Ruby Textile Mills Limited(RUBY)	6.58 ▼ -0.43 (-6.13%)

Stock	Volume
Pak Elektron / Mar 26 Pak Elektron Limited(PAEL)	23,561,152 ▲ 1.55
TRG Pak Ltd / Mar 26 TRG Pakistan Limited(TRG)	22,825,615 ▼ -1.19
P.S.O. / Mar 26 Pakistan State Oil Company Limited(PSO)	20,860,450 ▼ -3.67
Cnergyico PK / Mar 26 Cnergyico PK Limited(CNERGY)	14,454,846 ▲ 0.07
WorldCall Telecom / Mar 26 Worldcall Telecom Limited(WTL)	12,412,844 ▲ 0
Engro Fert. / Mar 26 Engro Fertilizers Limited(EFERT)	12,396,690 ▲ 1.17
B.O.Punjab / Mar 26 The Bank of Punjab(BOP)	10,207,107 ▲ 0.06
Sui South Gas / Mar 26 Sui Southern Gas Company Limited(SSGC)	7,601,850 ▼ -0.06
Pak Refinery / Mar 26 Pakistan Refinery Limited(PRL)	7,461,474 ▲ 0.22
Pak Int.Bulk / Mar 26 Pakistan International Bulk Terminal(PIBTL)	7,039,319 ▲ 0.1

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