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
Taxes Speedy disposal of tax cases: PM for increasing number of ATs ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Law Division to increase the number of Appellate Tribunals... Published 19 Jul, 2024 06:05am
Buyback rate of net metering likely at average energy cost ISLAMABAD: The government is likely to fix the buyback rate of net metering at average energy cost aimed at... Updated 19 Jul, 2024 09:32am
Fitch co says PML-N govt to remain in power for next 18 months ISLAMABAD: BMI, a Fitch Solutions company has predicted that the Pakistan Muslim League-Nawaz-led government will... Published 19 Jul, 2024 06:05am
PBC demands setting up of a ‘constitutional court’ ISLAMABAD: The Pakistan Bar Council (PBC) demanded of the federal government to establish constitutional court by... Updated 19 Jul, 2024 08:52am
Implementation of SC verdict: ECP fails to chart its course of action ISLAMABAD: The Election Commission of Pakistan (ECP), Thursday, failed to map out its course of action on the... Updated 19 Jul, 2024 08:50am
Mobile phones localisation, export: PMPMA team takes up incentives, other issues with Aurangzeb KARACHI/ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with a... Updated 19 Jul, 2024 09:30am
Baqar too turns down ad hoc SC judge appointment ISLAMABAD: Former judge of the Supreme Court Justice Maqbool Baqar also declined to be appointed as the ad hoc... Updated 19 Jul, 2024 08:48am
BD protests: Pak nationals asked to take precautions ISLAMABAD: Pakistan High Commission in Dhaka has advised Pakistani nationals to take all possible precautions for... Published 19 Jul, 2024 06:05am
NA panel told: Rs40bn gas stolen from SNGPL’s, SSGC’s systems ISLAMABAD: A parliamentary panel on Thursday was apprised that an estimated Rs 40 billion worth of gas is stolen... Updated 19 Jul, 2024 09:31am
‘Security protocols at JIAP in line with global standards’ KARACHI: Transport Canada’s security inspectors have concluded that the security protocols at Jinnah International... Published 19 Jul, 2024 06:05am
SNGPL seeks PD’s help to deal with surplus RLNG ISLAMABAD: The Sui Northern Gas Pipeline Limited (SNGPL) has sought intervention from Director General (Gas)... Updated 19 Jul, 2024 08:49am
Zardari sends good wishes for Biden ISLAMABAD: President Asif Ali Zardari expressed good wishes for the early recovery of United States of America... Published 19 Jul, 2024 06:05am
Yutong to set up bus-making plant in Karachi KARACHI Senior Minister of Sindh and Provincial Minister for Information, Transport, Mass Transit, Excise, Taxation,... Published 19 Jul, 2024 06:05am
Deceptive marketing practices: CAT upholds CCP’s findings in plea filed by RB ISLAMABAD: The Competition Appellate Tribunal (CAT) has upheld the Competition Commission of Pakistan’s (CCP)... Published 19 Jul, 2024 06:05am
NDMA expects heavy rainfall today ISLAMABAD: The National Disaster Management Authority (NDMA)’s National Emergencies Operation Centre anticipated... Published 19 Jul, 2024 06:05am
Capacity-based model transition to take-and-pay model: 24 conditions proposed to strike new deals between govt, IPPs