News Archives for Print - 2024-07-23

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Print - 2024-07-23

Israeli occupation of Palestinian territories: Pakistan calls for immediate implementation of ICJ’s advisory opinion

ISLAMABAD: Welcoming the International Court of Justice (ICJ)’s recent advisory opinion on the legal consequences...

Published 23 Jul, 2024 08:29am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 335,438 tonnes of cargo comprising 186,137 tonnes of import cargo and ...

Published 23 Jul, 2024 08:29am

Customs fails to prove smuggling of local currency

LAHORE: The customs department has failed to establish smuggling of local currency to Afghanistan from a passenger ...

Published 23 Jul, 2024 08:29am

Govt to start several uplift projects in Murree

LAHORE: The Punjab government has decided to start several development projects in Murree and surrounding areas,...

Published 23 Jul, 2024 08:29am

Senate panel passes Elections (Amendment) Bill

ISLAMABAD: The Senate Standing Committee on Parliamentary Affairs passed “The Elections (Amendment) Bill, 2024”...

Published 23 Jul, 2024 08:29am

Khan’s right to consult his legal advisors: IHC asks jail superintendent not to place obstacles

ISLAMABAD: The Islamabad High Court (IHC), Monday, warned the Adiala jail superintendent not to place obstacles in...

Published 23 Jul, 2024 08:29am

PIA concludes Hajj operation

KARACHI: Pakistan International Airlines (PIA) has successfully concluded its Hajj operation 2024, facilitating the...

Published 23 Jul, 2024 08:29am

Janjua given into seven-day physical remand

ISLAMABAD: The Anti-Terrorism Court (ATC) on Monday granted police a seven-day physical remand of PTI International...

Published 23 Jul, 2024 08:29am

Punjab ETs should be allowed to work: SC urged to recall its order of 04.07.2024

ISLAMABAD: The Supreme Court has been asked to recall its order dated 04.07.2024 and the Election Tribunals that ...

Published 23 Jul, 2024 08:29am

Zardari asks Sindh govt to improve Karachi drainage system

ISLAMABAD: President Asif Ali Zardari said that the Sindh government should adopt a sustainable and long-term...

Published 23 Jul, 2024 08:29am

Stocks

Wall St bounces back after sell-off as Biden exit takes centre stage

NEW YORK: The S&P 500 and the Nasdaq recouped some of the previous week’s losses on Monday, as investors...

Published 23 Jul, 2024 08:29am

Stocks

Europe’s STOXX 600 regains some ground after last week’s battering

PARIS: European shares closed up on Monday, recouping some of the steep losses clocked last week with technology and...

Published 23 Jul, 2024 08:29am

Stocks

China stocks drop after party meeting

SHANGHAI: China stocks declined on Monday, led by banking and energy shares, as President Xi Jinping’s policy...

Published 23 Jul, 2024 08:29am

Stocks

Reliance, Wipro weigh on Indian shares

BENGALURU: Indian shares closed marginally lower on Monday, dragged by Reliance Industries and Wipro after the...

Published 23 Jul, 2024 08:29am

UAE jails 57 Bangladeshis for protests

DUBAI: An Emirati court has sentenced 57 Bangladeshi expatriates to lengthy prison terms for protesting against ...

Published 23 Jul, 2024 08:29am

Bangladesh PM blames opposition for violence

DHAKA: Bangladesh Prime Minister Sheikh Hasina blamed her political opponents for deadly violence that swept the...

Published 23 Jul, 2024 08:29am

Gazans flee as Israel sets sights on safe zone

GAZA STRIP: Thousands of Gazans fled an Israeli-designated humanitarian zone Monday after the army ordered them to...

Published 23 Jul, 2024 08:29am

UN says 2024 decisive to ending AIDS as health threat

GENEVA: Decisions political leaders take this year will be decisive whether a target to end AIDS as a public health...

Published 23 Jul, 2024 08:29am

China surprises with cuts to key rates to support weak economy

SHANGHAI: China surprised markets by lowering a key short-term policy rate and its benchmark lending rates on ...

Published 23 Jul, 2024 08:29am

Ethiopia landslide kills at least 55

ADDIS ABABA: At least 55 people were killed in a landslide in a remote area of southern Ethiopia on Monday, local...

Published 23 Jul, 2024 08:29am

Europe

Ukraine says struck preliminary deal for $20bn debt restructure

KYIV: Kyiv said Monday it had struck a preliminary deal with international creditors to restructure government debt...

Published 23 Jul, 2024 08:29am

South Asia

India lifts ban on officials joining far-right Hindu outfit

NEW DELHI: India has lifted a decades-old ban on civil servants being members of a far-right Hindu nationalist group...

Published 23 Jul, 2024 08:29am

Harris races to lock up White House bid, Trump campaign pivots

WASHINGTON: US Vice President Kamala Harris was moving swiftly on Monday to try to lock up the Democratic...

Published 23 Jul, 2024 08:29am

Sindh Ombudsman holds 1st follow-up session with ambassadors of Hamdard University

KARACHI: First followup session of Brand Ambassador Program was held on Monday at the Secretariat Provincial...

Published 23 Jul, 2024 08:29am

Dar extends Pakistan’s full support to Oman in combating terrorism

ISLAMABAD: Foreign Minister Ishaq Dar on Monday extended Pakistan’s full support to Oman in its efforts to combat...

Published 23 Jul, 2024 08:29am

May 9 riots cases: IK withdraws petitions against denial of pre-arrest bail

LAHORE: Former PTI chairman Imran Khan on Monday withdrew his petitions through his counsel field against denial of...

Published 23 Jul, 2024 08:29am

SULC, NDMA sign LoC to work together on disaster management

HYDERABAD: In a significant step towards enhancing disaster management capabilities, the National Disaster ...

Published 23 Jul, 2024 08:29am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (July 22, 2024). ========================== KIBOR...

Published 23 Jul, 2024 08:29am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (July 22, 2024). ==================================== BR...

Published 23 Jul, 2024 08:29am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 22, 2024)....

Published 23 Jul, 2024 08:29am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (July 22, 2024). ======================================= Offset ...

Published 23 Jul, 2024 08:29am

Rates

LME official prices

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

Published 23 Jul, 2024 08:29am

The Weather

KARACHI: The weather report on Monday (July 22, 2024) and the forecast for Tuesday (July 23, 2024)...

Published 23 Jul, 2024 08:29am

Energy

US natgas prices jump

NEW YORK: US natural gas futures jumped about 4% to a one-week high on Monday with an increase in the amount of gas...

Published 23 Jul, 2024 08:29am

Commodities

Copper, aluminium hit 3-1/2-month low

LONDON: Copper and aluminium prices fell to their lowest levels in at least three and a half months on Monday, amid...

Published 23 Jul, 2024 08:29am

Energy

Oil prices drop

NEW YORK: Oil prices fell for a second consecutive session on Monday to hit their lowest in over a month, as...

Published 23 Jul, 2024 08:29am

Commodities

Iron ore futures lower

SINGAPORE: Prices of iron ore futures edged lower on Monday as investors and traders assessed mixed market signals...

Published 23 Jul, 2024 08:29am

Commodities

Gold prices firm

BENGALURU: Gold prices edged up on Monday as the dollar weakened in response to President Joe Biden’s decision to...

Published 23 Jul, 2024 08:29am

Commodities

Chicago wheat rises

CANBERRA: Chicago wheat futures rose on Monday as concerns over production in the United States and France triggered...

Published 23 Jul, 2024 08:29am

Commodities

Malaysian palm oil logs five-day winning streak on good demand

KUALA LUMPUR: Malaysian palm oil futures ended higher on Monday, extending gains to a fifth consecutive session on...

Published 23 Jul, 2024 08:29am

Commodities

Japanese futures rise

SINGAPORE: Japanese rubber futures closed higher on Monday, as top consumer China cut key rates to boost its fragile...

Published 23 Jul, 2024 08:29am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (July 22, 2024)...

Published 23 Jul, 2024 08:29am

Cotton & Textile

Spot rate firm amid moderate trading

LAHORE: The local cotton market on Monday remained overall steady and the trading volume remained a little bit low....

Published 23 Jul, 2024 08:29am

Taxes

FTO ensures payment of Rs17bn refunds to 6,000 complainants

LAHORE: The Federal Tax Ombudsman (FTO) has ensured payment of over Rs 17 billion refunds to 6000 complainants over...

Published 23 Jul, 2024 08:29am

Commodities

Gold prices up

KARACHI: The local gold prices on Monday saw an impetus but silver stood steady, traders said. At the week open,...

Published 23 Jul, 2024 08:29am

Money & Banking

Indian rupee ends little changed

MUMBAI: The Indian rupee closed nearly flat on Monday after slipping to its weakest level on record earlier in the...

Published 23 Jul, 2024 08:29am

Money & Banking

US dollar slightly higher

NEW YORK: The US dollar was slightly higher on Monday, capturing some safe-haven flows, as investors digested US...

Published 23 Jul, 2024 08:29am

Money & Banking

Asian currencies range-bound

BENGALURU: Taiwanese shares tanked to a one-month low on Monday with the Taiwanese dollar leading losses among other...

Published 23 Jul, 2024 08:29am

Money & Banking

BoE plans expanded repo facilities to avert money market crunch

LONDON: The Bank of England said on Monday that banks should get ready to make greater use of its repo facilities as...

Published 23 Jul, 2024 08:29am

Industry

Higher power cost: FPCCI body highlights adverse impact on economy

KARACHI: The FPCCI Standing Committee on Energy, under the chairmanship of Malik Khuda Bakhsh, held an emergency...

Published 23 Jul, 2024 08:29am

Industry

Chairman APTMA-North urges govt to revise agreements with IPPs

LAHORE: Chairman All Pakistan Textile Mill Association (APTMA) North Kamran Arshad has urged the government to ...

Published 23 Jul, 2024 08:29am

Industry

Capacity charges to IPPs : Traders chalk out protest strategy

FAISALABAD. Industrial and trader’s organizations have chalked out a comprehensive protest strategy individually...

Published 23 Jul, 2024 08:29am

Energy

Energy Conservation Building Code, 2023 to be launched today

ISLAMABAD: Minister for Power Awais Leghari is to launch the Energy Conservation Building Code (ECBC), 2023 on...

Published 23 Jul, 2024 08:29am

Forex

Dollar's rate in Interbank market

KARACHI: Interbank closing rates for dollar on Monday (July 22, 2024). ======================== Open Bid Rs...

Published 23 Jul, 2024 08:29am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (July 22, 2024)....

Published 23 Jul, 2024 08:29am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (July 22, 2024)...

Published 23 Jul, 2024 08:29am

Minister directs PBS officials to prepare five-year strategic plan

ISLAMABAD: Federal Minister for Planning Ahsan Iqbal has directed the top officials of Pakistan Bureau of Statistics...

Published 23 Jul, 2024 08:27am

Commercial, regulatory disputes: Two company benches set up at SHC

ISLAMABAD: The Chief Justice of High Court of Sindh, Justice Muhammad Shafi Siddiqui, has constituted two Company...

Published 23 Jul, 2024 08:25am

BOP hosts interactive session on economy with Prof Stefan Dercon

KARACHI: The Bank of Punjab held an interactive session of Professor Stefan Dercon with local industry leaders in...

Published 23 Jul, 2024 08:25am

Turkmenistan FM reaches Islamabad

ISLAMABAD: The Deputy Chairman of the Cabinet of Ministers and Foreign Minister of the Republic of Turkmenistan,...

Published 23 Jul, 2024 08:18am

PA Speaker exposes ‘secret attendance’ of opposition members

LAHORE: In a surprising revelation, the Speaker of the Punjab Assembly Malik Muhammad Ahmed Khan has exposed the...

Published 23 Jul, 2024 08:16am

Industry

FPCCI demands govt review IPP agreements

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has once again urged the government to...

Published 23 Jul, 2024 08:10am

Sharjeel inaugurates PBS’ ‘Route 13’

KARACHI: Sindh Senior Minister Sharjeel Inam Memon on Monday inaugurated new Route 13 of the People’s Bus Service...

Published 23 Jul, 2024 08:06am

Industry

PYMA urges govt to reconsider deals with IPPS

KARACHI: Sheikh Khalil Qaiser, Chairman of the Pakistan Yarn Merchants Association (PYMA), along with Senior Vice...

Published 23 Jul, 2024 08:03am

Security forces detect movement of 3 terrorists

ISLAMABAD: Security forces on Monday detected the movement of three terrorists attempting to infiltrate the...

Published 23 Jul, 2024 08:01am

Money & Banking

Banking Mohtasib provides relief of Rs681m to banking customers in H12024

KARACHI: The Banking Mohtasib Pakistan (BMP) has granted monetary relief amounting to Rs 681.07 million to the...

Published 23 Jul, 2024 07:59am

Bushra approaches LHC seeking details of cases against her

LAHORE: Bushra Bibi jailed wife of PTI former chairman Imran Khan on Monday has approached the Lahore High Court...

Published 23 Jul, 2024 07:55am

IK’s physical remand petition: Office’s objection overruled by LHC

LAHORE: A division bench of the Lahore High Court on Monday overruled an office objection on a petition of former...

Published 23 Jul, 2024 07:47am

CM directs to leverage technology for good governance

LAHORE: Increase reliance on technology to improve monitoring of public service departments of the government, Chief...

Published 23 Jul, 2024 07:47am

Muqam condemns targeting state institutions in Bannu

ISLAMABAD: Minister of States and Frontier Region (Safron) Amir Muqam on Monday strongly condemned targeting the...

Published 23 Jul, 2024 07:45am

PDWP approves three uplift schemes

LAHORE: The 08th meeting of Provincial Development Working Party (PDWP) F.Y 2024-25 was held under the Chairmanship...

Published 23 Jul, 2024 07:42am

Punjab Police apprehend dangerous fugitive wanted for four murders

LAHORE: Punjab Police apprehended a high-profile fugitive with money on his head while he was attempting to flee the...

Published 23 Jul, 2024 07:40am

Qureshi, others asked to cross-examine witnesses

LAHORE: An Anti Terrorism Court on Monday directed the lawyers of former foreign minister Shah Mahmood Qureshi and...

Published 23 Jul, 2024 07:38am

Energy

Rs120bn 350MW Jhampir project to start soon: Nasir

KARACHI: Provincial Energy Minister Sindh Syed Nasir Hussain Shah chaired a meeting of the Energy Department in ...

Published 23 Jul, 2024 07:36am

Companies

foodpanda partners with Dvago to expand health solutions

KARACHI: foodpanda recently signed a partnership agreement with Dvago, the largest network of Health & Wellness...

Published 23 Jul, 2024 07:36am

Industry

Investment Minister, Ambassador of Kuwait agreed to promote trade relations

ISLAMABAD: Federal Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan and ...

Published 23 Jul, 2024 07:35am

Energy

Govt urged to renegotiate power tariff with IPPs

KARACHI: Industrialists urged the federal government to renegotiate the power tariff in the given contracts with...

Published 23 Jul, 2024 07:29am

Energy

Hike in fuel prices termed death warrant for economy

KARACHI: Sharp increase in petrol and electricity prices has taken the traders by storm amid the historic inflation,...

Published 23 Jul, 2024 07:26am

Commodities

Punjab govt concerned over inflated prices of chicken

LAHORE: Expressing grave concern over the increasing prices of chicken meat, the Punjab government convened a ...

Published 23 Jul, 2024 07:23am

Letters

‘IMF is here to stay’

This is apropos a letter to the Editor titled “IMF is here to stay” carried by the newspaper last Saturday. The...

Published 23 Jul, 2024 07:19am

Challenges facing the tractor industry

The agriculture practices all over the world are increasing farm mechanization, adopting modern technologies...

Published 23 Jul, 2024 07:18am

ECP yields, albeit reluctantly

EDITORIAL: ECP (Election Commission of Pakistan) has finally announced, after two good days of deliberations, its...

Published 23 Jul, 2024 07:15am

Population growth: A growing crisis

EDITORIAL: The findings of the 2023 population census, released on July 18, have been of little surprise, as they...

Published 23 Jul, 2024 07:10am

Export ambitions vs economic realities

While the Government is seeking a 100% increase in exports over the next three years, maintaining even the current...

Published 23 Jul, 2024 07:05am

Provincial budgets for FY2024-25

The provincial budgets for 2024-25 have all been presented last month in the respective Provincial Assemblies....

Published 23 Jul, 2024 06:58am

Taxes

Monthly tax payment rates for small traders notified

ISLAMABAD: The Federal Board of Revenue (FBR) late Monday night notified fixed monthly tax payment rates for small...

Published 23 Jul, 2024 06:55am

NICL, SLICL, PRCL no longer strategic SOEs?

Cabinet Committee decides companies did not meet criteria of strategic or essential SOEs

Updated 23 Jul, 2024 12:30pm

PM to head panel to boost investment

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the authorities concerned to form a steering committee to be...

Updated 23 Jul, 2024 09:45am

Chinese co lodges complaint against SBP

This comes over central bank not approving foreign exchange for debt servicing and Sinosure premium

Updated 23 Jul, 2024 02:15pm

NA panel briefed about PIA sell-off progress

ISLAMABAD: Pakistan International Airlines (PIA), burdened by Rs200 billion in debts and owning Rs145 billion in...

Updated 23 Jul, 2024 09:40am

Companies

PIA privatisation: final bidding delayed till October 1

KARACHI: The privatisation process of state-owned Pakistan International Airlines (PIA) has been delayed as majority...

Updated 23 Jul, 2024 09:16am

Rates

PSX closes deep in the red

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

Published 23 Jul, 2024 06:34am

Crisis-hit Boeing flies high at Farnborough Airshow

FARNBOROUGH, United Kingdom: Boeing announced Monday a raft of orders on the first day of Britain’s Farnborough...

Published 23 Jul, 2024 06:34am

PSP in Discos: World Bank stresses setting up PIU

ISLAMABAD: The World Bank has asked the Power Division to establish a Project Implementing Unit (PIU) to sort out...

Updated 23 Jul, 2024 08:45am

IPC re-notified: Govt seeks out of the box solution to NHP issue

ISLAMABAD: The federal government has re-notified the Inter-Provincial Committee (IPC) of technical and financial...

Updated 23 Jul, 2024 09:39am

Energy

FY24 power generation drops 2pc YoY

KARACHI: Pakistan’s power generation recorded at 127,259 GWh (14,504MW) during FY24 down 2.0 percent on...

Published 23 Jul, 2024 06:34am

Dozens killed as Israel attacks Khan Yunis

Middle East

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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