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

Rates

BRIndex100 and BR Sectoral Indices

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

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

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

Rates

Shipping Intelligence

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

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

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

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

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

Rates

LME official prices

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

‘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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Rubina meets ADB delegation

ISLAMABAD: Chairperson Benazir Income Support Programme (BISP) Rubina Khalid met with a delegation from the Asian...

Published 19 Jul, 2024 06:05am

SAU joins Global Alliance to drive agri innovation

HYDERABAD: Sindh Agriculture University (SAU), Tandojam, along with three other Pakistani universities, has been...

Published 19 Jul, 2024 06:05am

SECP, PSX map out strategy for taping Chinese capital market

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and Pakistan Stock Exchange (PSX) agreed...

Published 19 Jul, 2024 06:05am

Industry

SIDB issues work orders for Peshawar Industrial Park project

PESHAWAR: Small Industries Development Board (SIDB) Khyber Pakhtunkhwa has initiated practical measures for the...

Published 19 Jul, 2024 06:05am

SSGC’s ‘Operation Grift’ speeds up

KARACHI: Sui Southern Gas Company’s Operation Grift is intensely pursing its ongoing campaign that has been ...

Published 19 Jul, 2024 06:05am

FX up by $59m

KARACHI: The country’s total liquid foreign reserves rose by $59 million during the last week. According to State...

Published 19 Jul, 2024 06:05am

Production from new development well, Adhi South-8 begins: PPL

Energy

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

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 25	280.52
USD PKR Interbank Buying / Mar 25	280.27
USD to Japanese Yen / Mar 26	150.14
USD to Swiss Franc / Mar 26	0.88
Pound Sterling to USD / Mar 26	1.29
Euro to USD / Mar 26	1.08
UK LIBOR % / Mar 25	4.96

Stock	Volume
S&P 500 / Mar 25	5,776.65
Nasdaq / Mar 25	18,271.86
Dow Jones / Mar 25	42,587.50
India Sensex / Mar 26	77,971.12
Tokyo Nikkei / Mar 26	38,027.29
Hang Seng / Mar 26	23,483.32
FTSE 100 / Mar 26	8,660.31
Germany DAX 30 / Mar 26	22,923.69
France CAC40 / Mar 26	8,042.59

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 25	17,085
Gold 10 Grams PKR / Mar 25	272,462
Crude Oil USD/Barrel / Mar 26	69.26
Gold Spot USD/Ounce / Mar 26	3,018.44
Cotton US¢/pound / Mar 26	65.37
Petrol/Litre / Mar 27	255.63
Diesel/Litre / Mar 27	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 26 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	3.01 ▲ 1 (49.75%)
Sec. Inv. Bank / Mar 26 Security Investment Bank Limited(SIBL)	9.99 ▲ 1 (11.12%)
Zephyr Textile / Mar 26 Zephyr Textiles Limited(ZTL)	11.40 ▲ 1.04 (10.04%)
Leiner Pak Gelat / Mar 26 Leiner Pak Gelatine Limited(LPGL)	110.80 ▲ 10.07 (10%)
Philip Morris Pak. / Mar 26 Philip Morris (Pakistan) Limited(PMPK)	737.77 ▲ 67.07 (10%)
Data Agro / Mar 26 Data Agro Limited(DAAG)	96.62 ▲ 8.78 (10%)
Baba Farid Sugar / Mar 26 Baba Farid Sugar Mills Limited(BAFS)	58.44 ▲ 5.31 (9.99%)
Crescent Fib. / Mar 26 Crescent Fibres Limited(CFL)	45.70 ▲ 4.14 (9.96%)
Popular Islamic / Mar 26 Popular Islamic Modaraba(PIM)	14.48 ▲ 1.31 (9.95%)
The Thal Ind.Corp. / Mar 26 The Thal Industries Corporation Limited(TICL)	340 ▲ 30.55 (9.87%)

Stock	Price
Elahi Cot. / Mar 26 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Power Cem(Pref) / Mar 26 Power Cement (Pref)(POWERPS)	12.95 ▼ -1.38 (-9.63%)
Atlas Ins. Ltd / Mar 26 Atlas Insurance Limited(ATIL)	58.50 ▼ -5.48 (-8.57%)
Bela Auto / Mar 26 Bela Automotives Limited(BELA)	167 ▼ -14.94 (-8.21%)
Kohat Textile / Mar 26 Kohat Textile Mills Limited(KOHTM)	28.15 ▼ -2.4 (-7.86%)
Jubilee Spinning / Mar 26 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.88 ▼ -0.89 (-7.56%)
Frontier Ceram / Mar 26 Frontier Ceramics Limited(FRCL)	22.40 ▼ -1.82 (-7.51%)
Noon Sugar / Mar 26 Noon Sugar Mills Limited(NONS)	73.62 ▼ -5.95 (-7.48%)
PIA Holding Co.B / Mar 26 PIA Holding Company Limited B(PIAHCLB)	900.16 ▼ -71.96 (-7.4%)
UDL International / Mar 26 UDL International Limited(UDLI)	7.11 ▼ -0.53 (-6.94%)

Stock	Volume
Pak Elektron / Mar 26 Pak Elektron Limited(PAEL)	29,093,385 ▲ 1.6
P.S.O. / Mar 26 Pakistan State Oil Company Limited(PSO)	26,846,685 ▲ 1.38
TRG Pak Ltd / Mar 26 TRG Pakistan Limited(TRG)	22,825,615 ▼ -0.92
Cnergyico PK / Mar 26 Cnergyico PK Limited(CNERGY)	17,176,390 ▲ 0.07
B.O.Punjab / Mar 26 The Bank of Punjab(BOP)	16,063,012 ▼ -0.18
Pak Petroleum / Mar 26 Pakistan Petroleum Limited(PPL)	15,868,233 ▲ 7.49
Engro Fert. / Mar 26 Engro Fertilizers Limited(EFERT)	14,391,574 ▼ -1.85
WorldCall Telecom / Mar 26 Worldcall Telecom Limited(WTL)	12,412,844 ▲ 0.01
TPL REIT Fund I / Mar 26 TPL REIT Fund I(TPLRF1)	11,002,839 ▲ 0.06
Fauji Cement / Mar 26 Fauji Cement Company Limited(FCCL)	10,156,162 ▲ 1.41

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