News Archives for Print - 2024-07-20

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Print - 2024-07-20

South Asia

Bangladesh imposes curfew after unrest

DHAKA: Bangladesh on Friday announced the imposition of a curfew and the deployment of military forces after police...

Published 20 Jul, 2024 05:34am

Nida Dar-led Pakistan team gears up for ACC Women’s T20 Asia Cup 2024

LAHORE: Pakistan women’s cricket team is all geared up to feature in the ACC Women’s T20 Asia Cup 2024 in Sri...

Published 20 Jul, 2024 05:34am

Plastic-Free Gilgit-Baltistan Programme launched

ISLAMABAD: The Government of Gilgit-Baltistan in collaboration with the beverages company has launched the...

Published 20 Jul, 2024 05:34am

Prohibited deals: CAT dismisses appeals filed by DHA Lahore, Wateen

ISLAMABAD: In a significant ruling, the Competition Appellate Tribunal has dismissed the appeals filed by Defence...

Published 20 Jul, 2024 05:34am

MDCAT exam on 22nd

ISLAMABAD: The Pakistan Medical and Dental Council (PM&DC) has decided to conduct the MDCAT exam on 22nd...

Published 20 Jul, 2024 05:34am

The Weather

KARACHI: The weather report on Friday (July 19, 2024) and the forecast for Saturday (July 20, 2024)...

Published 20 Jul, 2024 05:34am

Govt to review existing power purchase agreements

PM Shehbaz constitutes Inter-Ministerial Committee to review existing PPAs template to protect consumers against losses caused by inadequacies on part of power producers

Updated 20 Jul, 2024 05:42pm

REMIT meeting: Development partners can support inclusive growth agenda: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Friday said the government’s focus on inclusive growth can be...

Updated 20 Jul, 2024 12:39pm

Govt budgets Rs406bn to stem circular debt growth

ISLAMABAD: The government has budgeted Rs406 billion – in addition to the regular subsidy for electricity bills...

Updated 20 Jul, 2024 02:02pm

FY24-25 to FY26-27: MoF cautions fiscal risks may affect MTBS forecasts

ISLAMABAD: Finance Ministry has cautioned that fiscal risks may lead to potential threats or uncertainty in fiscal...

Updated 20 Jul, 2024 09:24am

Rates

PSX in deep red

KARACHI: Pakistan Stock Exchange on Friday remained under severe pressure and closed in deep red with heavy losses...

Published 20 Jul, 2024 05:34am

FY24 FDI up 17pc

KARACHI: Foreign Direct Investment (FDI) in the country rose by 17 percent during the last fiscal year (FY24). The...

Updated 20 Jul, 2024 09:33am

IT, ITeS export remittances hit all-time high of $3.223bn

ISLAMABAD: The country’s information technology and IT-enabled services (ITeS) export remittances comprising...

Updated 20 Jul, 2024 09:42am

Possible ban on PTI: Zardari briefed by PML-N’s legal team

ISLAMABAD: Ruling Pakistan Muslim League-Nawaz (PML-N) legal team briefed the Pakistan People’s Party (PPP)...

Updated 20 Jul, 2024 09:14am

Reserved seats: Finally, ECP says has decided to implement apex court verdict

ISLAMABAD: The electoral entity has finally announced to have decided implementing the Supreme Court’s verdict on...

Updated 20 Jul, 2024 06:32am

Alongside TAPI gas line route: Crucial regional rail project on the cards

ISLAMABAD: Pakistan and Turkmenistan are likely to announce next week, the construction of a railway line along the...

Updated 20 Jul, 2024 12:39pm

CTD arrests ‘aide of Osama’

LAHORE: The Counter-Terrorism Department (CTD), Punjab claimed on Friday to have foiled several terror plots by...

Published 20 Jul, 2024 05:34am

Q3: 83pc of retail payments are digital transactions, says SBP

KARACHI: Pakistan’s payment system has been witnessing continuous and significant progress in the adoption of...

Updated 20 Jul, 2024 09:23am

Major IT outage disrupts banks, air lines, digital payments

ISLAMABAD: A faulty update from cyber security provider, CrowdStrike, caused a significant global IT outage,...

Published 20 Jul, 2024 05:34am

Govt decides to introduce T&T system for cotton, ginning industry

ISLAMABAD: Federal Minister for Industry and Production, National Food Security and Research Rana Tanveer Hussain,...

Updated 20 Jul, 2024 09:19am

Kabul again asked to take action against terror groups

ISLAMABAD: Pakistan on Friday once again asked Afghanistan to take concrete, effective and robust action against the...

Updated 20 Jul, 2024 09:02am

Stocks

Wall Street falters, CrowdStrike slumps on global tech outage

NEW YORK: Wall Street’s main indexes slipped on Friday, deepening a sell-off driven by tech stocks and mixed...

Published 20 Jul, 2024 05:34am

Stocks

Europe’s STOXX 600 logs weekly decline as tech shares weigh

PARIS: European shares clocked weekly losses as a selloff in technology shares, some downbeat earnings along with...

Published 20 Jul, 2024 05:34am

Stocks

China stocks post 7-session winning streak

SHANGHAI: China stocks ended the week higher with a seven-session winning streak after the four-day key leadership...

Published 20 Jul, 2024 05:34am

Stocks

Japan’s Nikkei tracks Wall Street lower

TOKYO: Japan’s Nikkei share average fell on Friday, tracking overnight Wall Street declines, although a rebound in...

Published 20 Jul, 2024 05:34am

Letters

There’s no light at the end of the tunnel?

Indeed, it is heartening to note that the United Nations highest court, the International Court of Justice (ICJ), ...

Published 20 Jul, 2024 05:34am

Energy

Murad reviews plans for free electricity to low-income consumers

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, presiding over a meeting, has decided to implement the PPP...

Published 20 Jul, 2024 05:34am

Commodities

Gold prices lower

KARACHI: The local gold market on Friday saw a slump with the global bullion value falling close to $2400 an ounce,...

Published 20 Jul, 2024 05:34am

IHC directs Islamabad police for recovery of missing citizen within three days

ISLAMABAD: The Islamabad High Court (IHC), Friday, directed the Islamabad police for recovery of a missing citizen,...

Published 20 Jul, 2024 05:34am

Energy

SSGC supplies hit due to technical fault

KARACHI: Owing to a technical fault faced by Kunnar Pasakhi Deep field that supplies gas to SSGC, the normal supply...

Published 20 Jul, 2024 05:34am

Cotton & Textile

Moderate business on cotton market

LAHORE: The local cotton market on Friday remained steady and the trading volume affected due to rain. Cotton...

Published 20 Jul, 2024 05:34am

ATC allowed transfer of Qureshi from Adiala jail to Kot Lakhpat jail

LAHORE: An Anti Terrorism Court (ATC) on Friday allowed the police to shift the former foreign minister Shah Mahmood...

Published 20 Jul, 2024 05:34am

Maryam launches ‘Model Bazaar Free Home Delivery Project’

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has reacted strongly over the apex court’s recent verdict in...

Published 20 Jul, 2024 05:34am

IMF is here to stay

The IMF and Pakistani authorities have reached a staff-level agreement on a 37-month Extended Fund Facility (EFF)...

Updated 20 Jul, 2024 06:00am

The household worker

According to definitions of the responsibility and scope of work of household workers they may clean homes, plan and...

Updated 20 Jul, 2024 06:05am

Moody’s says it right

EDITORIAL: Finally, it’s taken a key ratings agency to turn the spotlight towards some, by no means all, of the...

Updated 20 Jul, 2024 05:58am

Afghan rulers must control TTP terrorists

EDITORIAL: With the TTP (Tehreek-e-Taliban Pakistan) having the benefit of ‘operational depth’ in Afghanistan,...

Published 20 Jul, 2024 05:34am

2.9m Afghan nationals living in Pakistan: SAFRON

ISLAMABAD: The Senate Standing Committee on States and Frontier Regions was informed that approximately 2.9 million...

Published 20 Jul, 2024 05:34am

TLP ends sit-in after successful talks with govt

ISLAMABAD: Minister for Inter-Provincial Coordination (IPC) Rana Sanaullah on Friday announced a boycott of Israeli...

Published 20 Jul, 2024 05:34am

PTI urges SC to hear missing persons’ case

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) has urged the Supreme Court to promptly hear the case related to the...

Published 20 Jul, 2024 05:34am

Use of force in Bannu condemned: PTI fears protest may engulf entire country

ISLAMABAD: Condemning the use of force allegedly by some state institutions’ personnel on the protestors of peace...

Published 20 Jul, 2024 05:34am

Cybersecurity co issues guidelines on phone numbers

ISLAMABAD: A global cybersecurity company on Friday issued guidelines on phone numbers security to protect digital...

Published 20 Jul, 2024 05:34am

Delay in amending SRO results in blockage of major cigarette export order

ISLAMABAD: Despite the approval of Prime Minister Shehbaz Sharif, the Ministry of Health has not issued the ...

Published 20 Jul, 2024 05:34am

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 20 Jul, 2024 05:34am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (July 19, 2024). ========================== KIBOR...

Published 20 Jul, 2024 05:34am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (July 19,...

Published 20 Jul, 2024 05:34am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (July 19, 2024). ======================== Open Bid Rs...

Published 20 Jul, 2024 05:34am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (July 19, 2024)....

Published 20 Jul, 2024 05:34am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (July 19, 2024). ==================================== BR...

Published 20 Jul, 2024 05:34am

Current account posts lowest deficit in 13 years

KARACHI: The country’s current account recorded 13-year lowest deficit in the last fiscal year 2023-24 (FY24)...

Published 20 Jul, 2024 05:34am

Weekly SPI inflation up 0.76pc

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended July 18, 2024, increased by 0.76 per...

Updated 20 Jul, 2024 06:33am

Money & Banking

Dollar set for weekly rise, cyber outage unsettles investors

NEW YORK: The dollar climbed in trading on Friday and was poised to snap a two-week streak of declines as a ...

Published 20 Jul, 2024 05:34am

Money & Banking

Yuan set to end week lower

SHANGHAI: China’s yuan is set to end the week lower against a strong US dollar as statements from a key leadership...

Published 20 Jul, 2024 05:34am

Money & Banking

Indian rupee ends at record closing low

MUMBAI: The rupee fell to its weakest closing level on record on Friday even as likely intervention from the Reserve...

Published 20 Jul, 2024 05:34am

SECP notifies 7 more Shariah standards

ISLAMABAD: In its endeavour to replicate the best international practices in the Islamic financial services, the...

Published 20 Jul, 2024 05:34am

Taxes

KCCI urges govt to revisit taxation measures, bring down energy tariffs

KARACHI: Keeping in view the perpetually intensifying hardships being suffered by small traders, industrialists,...

Published 20 Jul, 2024 05:34am

Companies

3rd ABL Fintech Hackathon concludes

LAHORE: Allied Bank, in collaboration with Teamup Ventures, hosted the third mega event of its series of Fintech...

Published 20 Jul, 2024 05:34am

Companies

Jazz secures credit facility of Rs75bn

KARACHI: Jazz has successfully secured the largest private sector syndicated credit facility, totalling up to Rs75...

Published 20 Jul, 2024 05:34am

‘Blue economy’ fails; seafood exports down 17pc

KARACHI: Hopes for the country’s seafood export growth to reach multi-billion-dollar were dashed in the just-ended...

Published 20 Jul, 2024 05:34am

Industry

Governor vows to facilitate traders

LAHORE: Punjab Governor Sardar Saleem Haider Khan has said that businessmen are the backbone of the country’s...

Published 20 Jul, 2024 05:34am

Govt to return longstanding funds of over Rs60bn to USF

ISLAMABAD: The government will return the longstanding funds of over Rs60 billion to the Universal Service Fund ...

Published 20 Jul, 2024 05:34am

Taxes

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	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
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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