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 / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	155.74
USD to Swiss Franc / Jan 17	0.91
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 16	5,937.34
Nasdaq / Jan 16	19,338.29
Dow Jones / Jan 16	43,153.13
India Sensex / Jan 17	76,671.81
Tokyo Nikkei / Jan 17	38,451.46
Hang Seng / Jan 17	19,567.81
FTSE 100 / Jan 17	8,477.94
Germany DAX 30 / Jan 17	20,852.83

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 16	18,785
Gold 10 Grams PKR / Jan 16	241,941
Crude Oil USD/Barrel / Jan 17	79.09
Gold Spot USD/Ounce / Jan 17	2,713.02
Cotton US¢/pound / Jan 17	67.05
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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