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

Complaints about different projects: ADB decides to dispatch mission

Accountability Mission to visit Pakistan in September

Updated 15 Jul, 2024 04:14pm

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

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

Rates

Futures spread up 240bps

Trading...

Published 15 Jul, 2024 06:25am

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

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

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

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

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

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

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

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

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

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

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

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

Workshop on capacity building held for agri inputs dealers

Agriculture and Allied

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd (Pref) / Dec 18 Chenab Limited (Pref)(CLCPS)	3.99 ▲ 0.49 (14.00%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.97 ▲ 0.86 (12.10%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Masood Textile / Dec 18 Masood Textile Mills Limited(MSOT)	55 ▲ 5.00 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)
B.R.R. Guardian / Dec 18 B.R.R. Guardian Limited(BRRG)	21.24 ▲ 1.93 (9.99%)
LSE Financial Serv. / Dec 18 LSE Financial Services Limited(LSEFSL)	20.15 ▲ 1.83 (9.99%)
Sana Ind / Dec 18 Sana Industries Limited(SNAI)	36.89 ▲ 3.35 (9.99%)

Stock	Price
Askari Life Assur. / Dec 18 Askari Life Assurance Company Limited(ALAC)	5 ▼ -0.70 (-12.28%)
Olympia Mills / Dec 18 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Service Textile / Dec 18 Service Industries Textiles Limited(SERT)	11.31 ▼ -1.22 (-9.74%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	737.50 ▼ -72.26 (-8.92%)
Pakistan Services / Dec 18 Pakistan Services Limited(PSEL)	737 ▼ -67.63 (-8.41%)
GOC (Pak) / Dec 18 GOC (Pak) Limited.(GOC)	66.10 ▼ -5.97 (-8.28%)
Leiner Pak Gelat / Dec 18 Leiner Pak Gelatine Limited(LPGL)	118.11 ▼ -8.56 (-6.76%)
Dawood Equities / Dec 18 Dawood Equities Limited(DEL)	8.60 ▼ -0.55 (-6.01%)
Bank of Khyber / Dec 18 The Bank of Khyber(BOK)	13.03 ▼ -0.82 (-5.92%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▲ 0.02
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 1.39
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.01
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.14
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 1.93
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.64
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.49
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▲ 3.27
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▲ 0.05

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