News Archives for Print - 2024-07-19

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Print - 2024-07-19

Europe

UK’s Starmer pledges European reset at summit

WOODSTOCK (United Kingdom): UK Prime Minister Keir Starmer on Thursday vowed to rebuild trust with European allies...

Published 19 Jul, 2024 06:58am

‘Youm-e-Ashur’ observed peacefully amid tight security

PESHAWAR: Youm-e-Ashur, the tenth of Muharram, was observed amid tight security arrangements in different districts...

Published 19 Jul, 2024 06:58am

Stocks

Wall Street falls as investors look beyond megacap shares

NEW YORK: Wall Street’s major indexes reversed early gains on Thursday after a brief rebound in chip and megacap...

Published 19 Jul, 2024 06:58am

Stocks

European shares end marginally lower

PARIS: European shares ended lower on Thursday as a continued selloff of chip stocks kept a lid on gains brought on...

Published 19 Jul, 2024 06:58am

Stocks

China stocks close higher ahead of policy announcements

SHANGHAI: China stocks closed higher after struggling for direction on Thursday, as investors cautiously awaited...

Published 19 Jul, 2024 06:58am

Stocks

Japan’s Nikkei tumbles amid global chip sell-off

TOKYO: Japan’s Nikkei share average tumbled more than 2% on Thursday, as chip-related stocks joined a global...

Published 19 Jul, 2024 06:58am

Central Paris locks down for Olympics as athletes arrive

PARIS: Thousands of French security forces locked down a six-kilometre (four-mile) stretch of central Paris on...

Published 19 Jul, 2024 06:58am

Asia

China’s leaders vow to fight ‘risks’ plaguing economy

BEIJING: Beijing’s leaders vowed Thursday to resolve “risks” plaguing China’s economy, but were yet to offer...

Updated 19 Jul, 2024 07:27am

Pacific islands, Japan strongly oppose status quo change by force

TOKYO: Pacific island states and Japan on Thursday said they “expressed strong opposition to any unilateral...

Published 19 Jul, 2024 06:58am

Interest Rates

ECB keeps rates unchanged

FRANKFURT: The European Central Bank kept interest rates unchanged as expected on Thursday, with its president...

Published 19 Jul, 2024 06:58am

South Asia

32 dead in Bangladesh unrest, protesters set fire to state TV network

DHAKA: Bangladeshi students set fire to the country’s state broadcaster on Thursday, a day after Prime Minister...

Published 19 Jul, 2024 06:58am

IK moves LHC against physical remand

LAHORE: The former PTI chairman Imran Khan on Thursday approached the Lahore High Court against his ten-day physical...

Published 19 Jul, 2024 06:58am

Energy

Oil steadies as economic slowdown signals contend with US rate-cut hopes

NEW YORK: Oil prices were roughly flat on Thursday as investors wrestled with mixed signals about crude demand, with...

Published 19 Jul, 2024 06:58am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 85,631 tonnes of cargo comprising 61,964 tonnes of import cargo and 23,667...

Published 19 Jul, 2024 06:58am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (July 18, 2024)...

Published 19 Jul, 2024 06:58am

Cotton & Textile

Firm trend on cotton market

LAHORE: The local cotton market on Thursday remained steady and the trading volume remained low. Cotton Analyst...

Published 19 Jul, 2024 06:58am

Commodities

Asia rice: Rates ease as India likely to relax export curbs

BENGALURU/ MUMBAI/BANGKOK/HANOI: Indian rice export prices fell further this week on expectations that New Delhi...

Published 19 Jul, 2024 06:58am

No monsoon rains so far: PMD

LAHORE: Pakistan has witnessed no monsoon rains so far due to non-development of monsoon system in the Bay of ...

Published 19 Jul, 2024 06:58am

PR increases fares of all passenger trains

LAHORE: The Pakistan Railways has decided to increase the fares of all passenger trains, with effect from Friday...

Published 19 Jul, 2024 06:58am

IHC declares arrest of Sanam Javaid illegal

ISLAMABAD: The Islamabad High Court (IHC), Thursday, declared the arrest of Pakistan Tehreek-e-Insaf (PTI) activist...

Published 19 Jul, 2024 06:58am

PTI, SIC parliamentary party concerned over ad hoc SC judges’ appointment

ISLAMABAD: The joint parliamentary party of Pakistan Tehreek-e-Insaf (PTI) and Sunni Ittehad Council (SIC) expressed...

Published 19 Jul, 2024 06:58am

TLP sit-in creates traffic jam in Islamabad, Pindi

ISLAMABAD: Major roads of the twin cities of Islamabad and Rawalpindi witnessed a traffic jam especially in peak...

Published 19 Jul, 2024 06:58am

New Toshakhana reference: Imran, Bushra challenge their arrest in IHC

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and his wife Bushra Bibi, Thursday, moved the Islamabad...

Published 19 Jul, 2024 06:58am

CM for floating tender for protection works to safeguard CRBC

PESHAWAR: A high-level meeting of the Irrigation Department Khyber Pakhtunkhwa held here with Chief Minister Sardar...

Published 19 Jul, 2024 06:58am

Up-gradation of ML-1 to be completed in phases under CPEC: Ahsan

ISLAMABAD: Minister for Planning and Development Ahsan Iqbal has said the upgradation of the Pakistan Railway ML-1...

Published 19 Jul, 2024 06:58am

Interior ministry launches National Drugs Survey

ISLAMABAD: Two years after its launch, the federal government, yet again, has launched the National Drugs Survey,...

Published 19 Jul, 2024 06:58am

NUST holds National Engineering Robotics Contest 2024

RAWALPINDI: As part of its efforts to promote Robotics in Pakistan, NUST College of EME has been holding the ...

Published 19 Jul, 2024 06:58am

Industry

KATI opposes hike in petrol, power prices

KARACHI: Korangi Association of Trade and Industry (KATI) President Johar Qandhari has strongly opposed the recent...

Published 19 Jul, 2024 06:58am

Pakistan 5th most populous country with population of 241.49m: report

ISLAMABAD: Pakistan is the 5th most populous country in the world with a total population of 241.49 million with an...

Published 19 Jul, 2024 06:58am

The Weather

KARACHI: The weather report on Thursday (July 18, 2024) and the forecast for Friday (July 19, 2024)...

Published 19 Jul, 2024 06:58am

Rates

LME official prices

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

Published 19 Jul, 2024 06:58am

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 19 Jul, 2024 06:58am

Forex

Open market rates of foreign currencies

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

Published 19 Jul, 2024 06:58am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (July 18, 2024). ======================== Open Bid Rs...

Published 19 Jul, 2024 06:58am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (July 18, 2024)....

Published 19 Jul, 2024 06:58am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 18, 2024)....

Published 19 Jul, 2024 06:58am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (July 18, 2024)...

Published 19 Jul, 2024 06:58am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (July 18, 2024). ======================================= Offset...

Published 19 Jul, 2024 06:58am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (July 18, 2024). ==================================== BR...

Published 19 Jul, 2024 06:58am

Companies

ABL launches K2 Expedition 2024

KARACHI: Allied Bank Limited (ABL) announces the launch of its K2 Expedition 2024, an initiative that merges the...

Published 19 Jul, 2024 06:58am

FPCCI demands govt to renegotiate IPPs agreements

KARACHI: The FPCCI Standing Committee on Energy has demanded that the government renegotiate IPPs agreements to save...

Published 19 Jul, 2024 06:58am

Money & Banking

Asian currencies: Yen at six-week high

BENGALURU: Technology-heavy stock indexes of South Korea and Taiwan fell sharply on Thursday, after reports that the...

Published 19 Jul, 2024 06:58am

Commodities

Malaysian palm oil higher on stronger rivals, bargain buying

KUALA LUMPUR: Malaysian palm oil futures edged higher on Thursday for a third straight session, buoyed by stronger...

Published 19 Jul, 2024 06:58am

Commodities

Japanese rubber futures slide on global trade tensions

SINGAPORE: Japanese rubber futures fell on Thursday, weighed down by the prospect of mounting trade tensions between...

Published 19 Jul, 2024 06:58am

Commodities

Dalian iron ore falls on weakening steel market

SINGAPORE: Dalian iron ore futures prices extended losses on Thursday, dragged down by the weakening steel market in...

Published 19 Jul, 2024 06:58am

Commodities

Asia coffee: Trade remains quiet in Vietnam, supplies build up in Indonesia

HANOI/BANDAR LAMPUNG, (Indonesia): Trading activity in Vietnam remained sluggish amid low supplies and high asking...

Published 19 Jul, 2024 06:58am

Commodities

Gold extends record rally on Fed rate-cut bets

NEW YORK: Gold prices notched up an all-time high on Wednesday, as growing optimism for an interest-rate cut from ...

Published 19 Jul, 2024 06:58am

Commodities

Copper falls on lack of impetus from China

LONDON: Copper prices neared three-month lows on Thursday without new stimulus from a key political meeting in China...

Published 19 Jul, 2024 06:58am

Commodities

Chicago wheat futures climb on strong demand

SINGAPORE: Chicago wheat futures gained more ground on Thursday, buoyed by rising demand from importers, after the...

Published 19 Jul, 2024 06:58am

Industry

President PCJCCI for cancelling agreements with IPPs

LAHORE: President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) urged to cancel all agreements with...

Published 19 Jul, 2024 06:58am

Taxes

PFVA demands resumption of FTR for food security

KARACHI: Fruit and Vegetable exporters urged the federal government for resumption of the fixed tax regime to ...

Published 19 Jul, 2024 06:58am

Energy

Petroleum group imports witness negative growth during FY2023-24

ISLAMABAD: Petroleum group imports witnessed a negative growth of 0.61 percent during the fiscal year 2023-24 and...

Published 19 Jul, 2024 06:56am

SDSB reaccredited by AACSB International

LAHORE: AACSB International Board of Directors has extended the accreditation for the degree programmes offered by...

Published 19 Jul, 2024 06:46am

Energy

KE establish 309 facilitation camps during FY24

KARACHI: Timely payment of bills and reduction in power theft are pivotal for uninterrupted supply of electricity. ...

Published 19 Jul, 2024 06:39am

Commodities

Gold at new highs

KARACHI: The local gold prices on Thursday touched all-time highs, reflecting a surge in the global bullion value,...

Published 19 Jul, 2024 06:38am

Money & Banking

Habib Metropolitan Bank declares PLS profit rates

KARACHI: The Habib Metropolitan Bank has declared the following profits rates on PLS deposits for half year ended on...

Published 19 Jul, 2024 06:35am

Energy

Chinese photovoltaic co launches products in Pakistan

LAHORE: A Chinese photovoltaic company with global presence Thursday announced the introduction of its innovative...

Published 19 Jul, 2024 06:33am

Governor visits routes of Ashura procession

LAHORE: Punjab Governor, Sardar Saleem Haider Khan, visited the routes of Ashura procession in Raja Bazar, ...

Published 19 Jul, 2024 06:30am

IK approaches LHC against physical remand

LAHORE: The former PTI chairman Imran Khan on Thursday approached the Lahore High Court against his ten-day physical...

Published 19 Jul, 2024 06:30am

Industry

Sweeping powers to FBR: KCCI complain senate body of harmful effect on business

KARACHI: Clamour over "sweeping" powers to the FBR on Thursday rattled the KCCI meeting with the Senate standing...

Published 19 Jul, 2024 06:27am

LDA to launch education & health cities soon

LAHORE: The Lahore Development Authority will launch the first education city and health city in the provincial...

Published 19 Jul, 2024 06:25am

LHC directs to demolish brick kilns using old technology & emitting black smoke

LAHORE: The Lahore High Court directed to demolish the brick kilns using old technology and emitting black smoke. ...

Published 19 Jul, 2024 06:23am

Denial of bail: LHC directs to fix IK’s pleas on 22nd

LAHORE: A division bench of the Lahore High Court directed the office to fix the petitions of former PTI Chairman...

Published 19 Jul, 2024 06:22am

Maryam expresses satisfaction over Ashura arrangements

LAHORE: Expressing satisfaction over ‘Ashura Day’ arrangements and foolproof security, Punjab Chief Minister...

Published 19 Jul, 2024 06:20am

Agriculture and Allied

NESPAK services will be acquired to facilitate paddy growers

LAHORE: The Secretary Agriculture Punjab Iftikhar Ali Sahoo on Thursday directed the provincial agriculture...

Published 19 Jul, 2024 06:19am

Old wine in new bottles

The incumbent government, as all earlier ones, is jubilant over securing a staff-level agreement with International...

Updated 19 Jul, 2024 07:04am

IMF programme, debt re-profiling, and debt restructuring

Pakistan is facing a huge challenge in terms of debt distress. Secondly, the country is stuck in a low economic...

Updated 19 Jul, 2024 07:06am

PSM and the wider debate about SOEs

EDITORIAL: The Board of Directors (BoD) of the Pakistan Steel Mills (PSM) is either reading too much into recent...

Published 19 Jul, 2024 06:12am

Short-sighted and irresponsible

EDITORIAL: The PML(N)-led coalition government continues to make a mockery of the rule of law, keeping former prime...

Published 19 Jul, 2024 06:12am

Letters

‘The King of the World is not safe in his fortress’

This is apropos a letter ‘The King of the World is not safe in his fortress’ to the Editor by this writer ...

Updated 19 Jul, 2024 07:31am

We must accelerate transformative action against climate change, poverty, and hunger

The Asia-Pacific region is faltering on decades of progress in reducing poverty and hunger. Increasingly, severe...

Updated 19 Jul, 2024 07:13am

Stocks

Sri Lanka shares end lower

BENGALURU: Sri Lankan shares closed lower on Thursday, dragged by losses in communication services stocks. The CSE...

Published 19 Jul, 2024 06:11am

Stocks

Euro lower after ECB stands pat

NEW YORK: The euro was lower on Thursday after the European Central Bank (ECB) held rates steady as was widely...

Published 19 Jul, 2024 06:11am

As Biden faces rising pressure to quit, Trump to accept nomination

MILWAUKEE: President Joe Biden’s reelection bid was mired in fresh turmoil after reports that top Democratic...

Published 19 Jul, 2024 06:11am

Middle East

Oman mosque attackers were Omani citizens, police say

DUBAI: The three gunmen who shot and killed six people at a Shia mosque in Oman in an attack claimed by Islamic ...

Published 19 Jul, 2024 06:10am

Middle East

Egypt’s Suez Canal income falls amid Yemen Houthi attacks

CAIRO: Egypt’s Suez Canal on Thursday reported a 23.4-percent drop in revenues attributed to disruptions in Red ...

Published 19 Jul, 2024 06:05am

PTI-led opposition submits resolution for PA session

LAHORE: The opposition led by Pakistan Tahreek-e-Insaf (PTI) in the Punjab Assembly on Thursday submitted a...

Published 19 Jul, 2024 06:05am

Interest payments to devour 62pc of revenues: ADB

Forecasts public debt to decline by 7 percentage points to 70 percent of GDP in 2024–2025

Updated 19 Jul, 2024 10:02am

Constitution allows appointment of ad hoc judges: minister

LAHORE: Federal Minister for Law and Justice Azam Nazir Tarar has said the constitution permits the appointment of ...

Published 19 Jul, 2024 06:05am

Input goods for finished items: EFS users required to pay GST on supply: FBR

ISLAMABAD: Manufacturers-cum-exporters (users) of “Export Facilitation Scheme” (EFS) would now be required to pay...

Updated 19 Jul, 2024 10:16am

Recurrent budget: MoF unveils strategy for release of funds

ISLAMABAD: The Ministry of Finance has issued a strategy for the release of funds for the recurrent budget of the...

Updated 19 Jul, 2024 08:54am

Govt to borrow Rs3.97trn in Q1 FY24

KARACHI: The federal government has planned to borrow Rs 3.97 trillion from the domestic banking sector during the...

Updated 19 Jul, 2024 09:33am

Rates

PSX hits new peak

KARACHI: A bullish trend continued as Pakistan Stock Exchange on Thursday and the PSX hit new highest-ever levels in...

Published 19 Jul, 2024 06:05am

BoE reports problems with major payments system

LONDON: The Bank of England said on Thursday that a “global payments issue” was affecting the interbank payments...

Published 19 Jul, 2024 06:05am

Bannu attack: Strong protest lodged with Afghanistan

ISLAMABAD: Pakistan has lodged a strong protest with the Afghan interim government by summoning its deputy head of...

Published 19 Jul, 2024 06:05am

Speedy disposal of tax cases: PM for increasing number of ATs

Taxes

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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