News Archives for Print - 2024-07-22

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Print - 2024-07-22

Stability on cotton market as business activity picks up

KARACHI: The cotton market remained stable, with a notable increase in business activity. Favourable rainfall has...

Updated 22 Jul, 2024 08:27am

PDP demands govt end urban-rural quota system in Sindh

KARACHI: Murder of merit in the name of politically-motivated quotas is an injustice. Our rulers should learn a...

Published 22 Jul, 2024 05:39am

15 villages in Matairi: SCF distributes initial material kits to 100 women

HYDERABAD: In a significant move to combat rural poverty and enhance the livelihoods of rural women, the Sindh...

Published 22 Jul, 2024 05:39am

KP to shift 100 schools, 3050 mosques on solar energy

PESHAWAR: Khyber Pakhtunkhwa government has begun work on several solar energy projects to solve the problem of...

Updated 22 Jul, 2024 09:24am

KMU conducts centralised admission test

PESHAWAR: Khyber Medical University (KMU), Peshawar, organized a centralized admission test for admissions in Doctor...

Published 22 Jul, 2024 05:39am

Europe

Outrage after French MP says Israelis ‘not welcome’ at Olympics

PARIS: A major French Jewish group on Sunday slammed a hard-left MP for saying Israeli athletes were not welcome at...

Published 22 Jul, 2024 05:39am

Stocks

Major Gulf markets gain as focus shifts to earnings

DUHAI: Major stock markets in the Gulf ended higher on Sunday, boosting investor morale as earnings season in the...

Published 22 Jul, 2024 05:39am

Stocks

UK stocks end with weekly losses as commodity-linked stocks

LONDON: London stocks finished the week lower amid a global cyber outage on Friday as investors assessed a fall in...

Published 22 Jul, 2024 05:39am

Stocks

Indian shares slip from record highs

BENGALURU: Indian shares came off record highs to end lower on Friday, on broad-based profit booking ahead of the...

Published 22 Jul, 2024 05:39am

Stocks

Wall Street Week Ahead: Investors count on earning to calm $900bn US tech rout

NEW YORK: As earnings season goes into full swing, bullish investors hope solid corporate results will stem a tumble...

Published 22 Jul, 2024 05:39am

From wheat crisis to food crisis: a reality check

The wheat market in Pakistan has been a subject of intense debate and scrutiny, particularly due to the significant...

Updated 22 Jul, 2024 07:23am

Letters

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

This is apropos two back-to-back letters titled ‘The King of the World is not safe in his fortress’ to the ...

Published 22 Jul, 2024 05:39am

Smoke and mirrors

Pakistan’s energy sector is in a peculiar mess. On paper, the electricity supply is sufficient at a lower energy...

Updated 22 Jul, 2024 07:17am

The way forward

Sale of state-owned entities (SOEs) and not resuscitating the non-operational Pakistan Steel Mills is the mantra of...

Updated 22 Jul, 2024 07:11am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday July 07, 2024

Published 22 Jul, 2024 05:39am

JI chief demands forensic audit of IPPs

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem ur Rehman has demanded a forensic audit of Independent Power Producers...

Published 22 Jul, 2024 05:39am

Rain, wind expected in Sindh, Punjab

ISLAMABAD: Rain-wind and thundershower is expected at the eastern and southern parts of Sindh, Punjab including...

Published 22 Jul, 2024 05:39am

CM launches ‘air ambulance service’

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif fulfilled another promise by launching air ambulance service in ...

Published 22 Jul, 2024 05:39am

Lahore PHA to develop two amusement parks

LAHORE: The Parks and Horticulture Authority (PHA) will build two state-of-the-art amusement parks at Greater Iqbal...

Published 22 Jul, 2024 05:39am

Platform for skilled youths

KARACHI: A new platform aimed at supporting skilled Pakistani individuals and students has been launched by the ...

Published 22 Jul, 2024 05:39am

Rates

Marginal gain

KARACHI: The rupee posted marginal gain during the previous week as it appreciated by Re0.27 or 0.1% against the US...

Published 22 Jul, 2024 05:39am

Sudan, Iran trade envoys after eight-year rupture

PORT SUDAN, (Sudan): Sudan’s de facto leader, army chief Abdel Fattah al-Burhan, received on Sunday an Iranian...

Published 22 Jul, 2024 05:39am

Middle East

Saudi urges ‘maximum restraint’ after Yemen strikes

RIYADH: Saudi Arabia, a major foreign player in Yemen’s nearly decade-long civil war, urged restraint on Sunday in...

Published 22 Jul, 2024 05:39am

Middle East

Houthis pledge ‘huge’ response to Israel strike as Gaza violence spreads

HODEIDA, (Yemen): Yemen’s Houthi on Sunday promised a “huge” retaliation against Israel following a deadly...

Published 22 Jul, 2024 05:39am

Asia

China flash floods kill at least 20

BEIJING: Flash floods in northern and southwest China have killed at least 20 people and left dozens missing, state...

Published 22 Jul, 2024 05:39am

Rates

Spread declines 689bps

KARACHI: The futures spread declined by 689bps to 12.47 percent on the last day of the outgoing week. Trading...

Published 22 Jul, 2024 05:39am

Rates

PSX witnesses a mixed trend

KARACHI: Pakistan Stock Exchange witnessed mixed trend during the outgoing three-day week ended on July 19, as the...

Published 22 Jul, 2024 05:39am

The Weather

KARACHI: The weather report on Sunday (July 21, 2024) and the forecast for Monday (July 22, 2024)....

Published 22 Jul, 2024 05:39am

Energy

SCCI demands cancellation of IPPs contracts

PESHAWAR: Business community demanded to terminate all contracts with IPPs and procure electricity from cheaper...

Published 22 Jul, 2024 05:39am

FPCCI demands reviewing agreements with IPPs

ISLAMABAD: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Atif Ikram Sheikh has said...

Updated 22 Jul, 2024 07:57am

IMF says US should raise taxes, wait until late 2024 to cut rates

WASHINGTON: The International Monetary Fund on Thursday said the US Federal Reserve should not cut interest rates...

Published 22 Jul, 2024 05:39am

Money & Banking

Latam currencies set for weekly loss as Brazil in focus

BRASILIA: Most currencies in Latin America were poised for weekly losses on Friday, as a global tech outage, lower...

Published 22 Jul, 2024 05:39am

Money & Banking

Canadian dollar falls against the greenback

TORONTO: The Canadian dollar weakened to a 17-day low against its US counterpart on Friday as Canadian retail sales...

Published 22 Jul, 2024 05:39am

Money & Banking

Australia, NZ dollars eye weekly losses

SYDNEY: The Australian and New Zealand dollars are headed for hefty weekly losses on Friday as a high-level meeting...

Published 22 Jul, 2024 05:39am

KP to earn receipts of Rs90bn from oil and gas sectors

PESHAWAR: The provincial government of Khyber Pakhtunkhwa will earn revenue amounting to Rs.89.8 billion in the...

Updated 22 Jul, 2024 09:05am

Companies

Meezan Bank and Haball sign referral arrangement agreement

KARACHI: Meezan Bank Limited (“Meezan”), Pakistan’s leading Islamic bank, announced that it has entered into a...

Published 22 Jul, 2024 05:39am

MENA

From textile to real estate: Saleem Karsaz’s path to success in Dubai

DUBAI: Dubai’s allure has long been a magnet for entrepreneurs and investors worldwide, and for Pakistani-born...

Updated 22 Jul, 2024 10:21am

Commodities

Prices of essential food items show mixed trend

PESHAWAR: Mixed trend in prices of essential food commodities like live chicken/meat, vegetables, flour, sugar,...

Published 22 Jul, 2024 05:39am

A case for an independent constitutional court

EDITORIAL: The legal maxim ‘justice delayed is justice denied’, unfortunately, is just so in our judicial system...

Updated 22 Jul, 2024 07:06am

‘Constitutional meltdown’?

EDITORIAL: It’s not yet been announced when the IMF’s executive board will meet to discuss the fate of the...

Updated 22 Jul, 2024 07:35am

Companies

HBL wins ‘Best Bank in Pakistan 2024’ award by Euromoney

KARACHI: Euromoney Awards for Excellence 2024 has awarded HBL the accolades of Pakistan’s Best Bank, Pakistan’s...

Published 22 Jul, 2024 05:39am

Industry

Regulatory environment major issue as foreign pharma cos exit Pakistan

KARACHI: The pharmaceutical sector in Pakistan is facing significant challenges, with only four foreign companies...

Updated 22 Jul, 2024 12:09pm

APCCA appreciates decision of Ministry of Maritime Affairs, KPT

KARACHI: Maqbool Ahmad Malik, Chairman of All Pakistan Custom Agents Association (APCAA) and Sheikh Tariq, Vice...

Updated 22 Jul, 2024 09:25am

Companies

Chandio appointed CEO of SMML

KARACHI: Sindh Modaraba Management Limited (SMML) is pleased to announce the appointment of Mr. Abdul Rauf Chandio ...

Published 22 Jul, 2024 05:39am

Protocol agreement inked to strengthen ties with Romania

Industry

BISP in consultation with Power Division determining eligibility criteria for identifying potential consumers for electricity subsidy programme, sources say

Updated 22 Jul, 2024 12:10pm

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	278.97
USD PKR Interbank Buying / Jan 30	278.77
USD to Japanese Yen / Jan 30	154.56
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 29	6,039.31
Nasdaq / Jan 29	19,632.32
Hang Seng / Jan 29	20,225.11
Dow Jones / Jan 29	44,713.52
India Sensex / Jan 30	76,776.38
Tokyo Nikkei / Jan 30	39,467.47
FTSE 100 / Jan 30	8,567.71
Germany DAX 30 / Jan 30	21,655.86

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 29	18,285
Gold 10 Grams PKR / Jan 29	247,513
Petrol/Litre / Jan 30	256.13
Crude Oil USD/Barrel / Jan 30	72.66
Gold Spot USD/Ounce / Jan 30	2,759.76
Diesel/Litre / Jan 30	260.95

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

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