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 / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 28	254.63
Diesel/Litre / Apr 28	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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