News Archives for Print - 2024-07-29

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Print - 2024-07-29

Turkish parliament debates fate of millions of stray dogs

ISTANBUL: The Turkish parliament on Sunday started an emotional debate on a law aiming to clamp down on millions of...

Published 29 Jul, 2024 06:37am

US, Japan take a swipe at China and deepen defence ties

TOKYO: The United States and Japan issued scathing verbal attacks on China and Russia on Sunday after high-level...

Published 29 Jul, 2024 06:37am

Europe

Italy’s Meloni vows to ‘relaunch’ cooperation with China

ROME/BEIJING: Italian Prime Minister Giorgia Meloni vowed on Sunday to “relaunch” cooperation with China, ...

Published 29 Jul, 2024 06:37am

Middle East

Khamenei formally grants Pezeshkian presidential powers

TEHRAN: Iran’s supreme leader Ayatollah Ali Khamenei gave Sunday his official endorsement of Masoud Pezeshkian as...

Published 29 Jul, 2024 06:37am

Venezuelans vote in highly charged election amid fraud worries

CARACAS: Venezuelans waited in line at polling stations and cast ballots on Sunday in the most consequential ...

Published 29 Jul, 2024 06:37am

Australia PM replaces immigration, national security ministers

SYDNEY: Australian Prime Minister Anthony Albanese on Sunday replaced the government ministers responsible for...

Published 29 Jul, 2024 06:37am

Asia

Landslide from Typhoon Gaemi remnants kills 12 in southern China

BEIJING: Continued heavy rainfall from Tropical Storm Gaemi triggered a landslide that killed 12 people in southern...

Published 29 Jul, 2024 06:37am

Middle East

Yemenia Airways to resume flights to Cairo and India

CAIRO: Yemenia Airways will resume commercial flights from Sanaa to Egypt and India, the state news agency SABA said...

Published 29 Jul, 2024 06:37am

Kamala Harris campaign raises $200m in a week

WASHINGTON: US Vice President Kamala Harris’s election campaign said on Sunday it has raised $200 million and...

Published 29 Jul, 2024 06:37am

‘China will help secure IMF loan’

FM Muhammad Aurangzeb says Pakistan requires 3 to 5-year extension in maturity of $12bn debt from Saudi Arabia, China, and UAE as part of confirmation before approval from IMF’s Executive Board on fresh bailout package

Updated 29 Jul, 2024 12:34pm

KE seeks PD’s help in getting MPCL gas

ISLAMABAD: K-Electric (KE) has sought support of Petroleum Division (PD) to get 100 MMSCFD indigenous gas from the...

Updated 29 Jul, 2024 09:08am

Tax refund cases: LHC bars FIA from taking steps against FBR officers

ISLAMABAD: The Lahore High Court (LHC) has barred Federal Investigation Agency (FIA) from taking coercive measures...

Updated 29 Jul, 2024 10:02am

Power export to China: feasibility study on the cards

ISLAMABAD: The government has reportedly decided to conduct a feasibility study of transmission lines for exporting...

Updated 29 Jul, 2024 01:16pm

IK’s arrest: PTI says will start countrywide protest on Aug 5

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) has announced to hold a countrywide protest against the government on...

Updated 29 Jul, 2024 09:06am

Rates

PSX remains under severe selling pressure

KARACHI: Pakistan Stock Exchange (PSX) remained under severe selling pressure during the outgoing week ended on July...

Published 29 Jul, 2024 06:37am

Rates

Futures spread down 315bps

KARACHI: The futures spread declined by 315bps to 9.32 percent on the last day of the outgoing week. Trading...

Published 29 Jul, 2024 06:37am

35 killed as tribal feud sparks sectarian fighting in Kurram

ISLAMABAD: The armed clashes between rival tribes in Kurram tribal district continued for the sixth day on Sunday...

Updated 29 Jul, 2024 10:00am

2nd round of talks with govt today as JI continues sit-in

RAWALPINDI: The federal government and the Jamaat-e-Islami (JI) teams have agreed to hold today (Monday) another...

Published 29 Jul, 2024 06:37am

Rates

Marginal decrease

KARACHI: The rupee decreased marginally during the previous week as it lost Re0.21 or 0.07% against the US dollar....

Published 29 Jul, 2024 06:37am

PM announces series of significant visa reforms

ISLAMABAD: Prime Minister Shehbaz Sharif, Sunday, announced a series of significant visa reforms that will allow...

Updated 29 Jul, 2024 10:01am

Miftah says will move court against KE

KARACHI: Awaam Pakistan Party leader Miftah Ismail announced his intention to file a petition against K-Electric,...

Updated 29 Jul, 2024 09:07am

Commodity traders say WHT to further fuel food inflation

KARACHI: Commodities importers and wholesalers see the withholding tax as “reign of taxation” to unleash the storm...

Updated 29 Jul, 2024 08:56am

Urban development: PDP urges Sindh govt to set up ministry

KARACHI: Noting neglect to crucial uplift of our major cities in Sindh, Pasban Democratic Party (PDP) Chairman Altaf...

Published 29 Jul, 2024 06:37am

11 hurt in Orangi cylinder blast

KARACHI: A gas cylinder explosion in a house near Ghausia Chowk, Orangi Town No 10, here resulted in injuries to 11...

Published 29 Jul, 2024 06:37am

CTD arrests 38 alleged terrorists of banned outfits in July

LAHORE: The Counter Terrorism Department (CTD) has foiled a major terror plot by arresting 38 terrorists linked with...

Published 29 Jul, 2024 06:37am

FO denies report

ISLAMABAD: The Foreign Office (FO) on Sunday denied authenticity in the report circulating on social media about...

Published 29 Jul, 2024 06:37am

Govt urged to revisit contracts with IPPs

PESHAWAR: Qaumi Watan Party (QWP) provincial Chairman Sikandar Hayat Khan Sherpao said the agreements reached with...

Published 29 Jul, 2024 06:37am

Cotton & Textile

Weekly Cotton Review: Spot rate down as bearish trend prevails

KARACHI: A bearish trend prevailed in the cotton market, sending spot rate drop by Rs 1000 per maund. International...

Published 29 Jul, 2024 06:37am

Stocks

Wall St Week Ahead-Spooked US stock market faces tech earnings minefield

NEW YORK: Rattled investors are bracing for earnings from the market’s biggest tech companies, a Federal Reserve...

Published 29 Jul, 2024 06:37am

Stocks

Commodities boost London’s FTSE 100, all eyes on US inflation data

LONDON: London stocks rose on Friday, boosted by energy and industrial metal miners, tracking an uptick in commodity...

Published 29 Jul, 2024 06:37am

Stocks

UAE markets hit 4-month high on strong corporate earnings

DUBAI: Stock exchanges in the United Arab Emirates closed at a four-month high on Friday on the back of...

Published 29 Jul, 2024 06:37am

Stocks

Indian shares log best weekly winning streak since 2010

BENGALURU: Info-rmation technology stocks lifted Indian benchmark indexes on Friday as an improvement in economic...

Published 29 Jul, 2024 06:37am

Social protection in Pakistan

In Pakistan poverty levels have reached a high of 40 percent, equivalent to those in Sub Sahara Africa, and hence...

Updated 29 Jul, 2024 07:13am

Restore macroeconomic stability to revive private sector credit

Since the 2008 economic crisis, the private sector’s contribution to economic growth has been marginal, replaced ...

Updated 29 Jul, 2024 07:15am

The fast-eroding trust of taxpayers

EDITORIAL: A multitude of tax revenue measures introduced in the FY25 budget are unraveling piece by piece. The...

Updated 29 Jul, 2024 07:06am

Scrambling to handle climate change

EDITORIAL: Once again the “net zero” lobby is bubbling with ambition ahead of the UN Climate Change Conference...

Updated 29 Jul, 2024 07:08am

Letters

IMF lending in sight

The finance minister, Mohammad Aurangzeb, has been consistently expressing his optimism about the IMF lending...

Published 29 Jul, 2024 06:37am

Message of CM Punjab on World Hepatitis Day

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif in her message on the World Hepatitis Day said,” Environment ...

Published 29 Jul, 2024 06:37am

President, PM for preventive measures against Hepatitis challenges

KARACHI: President Asif Ali Zardari has called for taking measures to promote preventive measures, increase...

Published 29 Jul, 2024 06:37am

Commodities

Prices of essential food items remain high

PESHAWAR: Prices of essential food commodities, including live chicken/meat, vegetable, pulses, cooking/oil, ghee ...

Published 29 Jul, 2024 06:37am

Traumas & tragedies of expat Pakistanis

In Shakespeare’s Julius Caesar, Cassius complains, “The fault, dear Brutus, is not in our stars, but in ...

Updated 29 Jul, 2024 07:24am

Cotton research under siege

At the inception of Pakistan, the nation emerged as a notable cotton exporter, with only two or three textile mills...

Updated 29 Jul, 2024 07:20am

Fed could open the door to a September rate cut this week

WASHINGTON: The US Federal Reserve may signal this week that interest rate cuts are on the way — although it is...

Published 29 Jul, 2024 06:37am

Ministers visit AIIA Lahore

LAHORE: Federal ministers Kh Muhammad Asif and Abdul Aleem Khan, as part of the Federal Cabinet Committee, visited...

Published 29 Jul, 2024 06:37am

Energy

LESCO detects 484 power pilferers

LAHORE: The Lahore Electric Supply Company (LESCO) has detected a total of 484 connections from where the customers...

Published 29 Jul, 2024 06:37am

MoU inked to protect children’s rights

LAHORE: In landmark collaboration, Lahore Arts Council Alhamra and the National Commission on the Rights of the ...

Published 29 Jul, 2024 06:37am

4 passengers held at Karachi airport

KARACHI: The Federal Investigation Agency (FIA) Immigration circle on Sunday arrested four passengers for possessing...

Published 29 Jul, 2024 06:37am

Millers again urge govt to allow export of surplus sugar

LAHORE: Pakistan Sugar Mills Association (Punjab Zone) says that in a recent meeting of Sugar Advisory Board (SAB) ...

Published 29 Jul, 2024 06:37am

KP’s appeal for judicial commission admission of crime: minister

LAHORE: Provincial Minister for Information and Culture Punjab, Azma Bokhari, stated that the letter from the KP...

Published 29 Jul, 2024 06:37am

Energy

Call for equitable distribution of resources among provinces

PESHAWAR: Speakers at a seminar on Net Hydel Profit (NHP) underscored the constitutional obligations surrounding NHP...

Published 29 Jul, 2024 06:37am

Rates

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Sunday (July 28,...

Published 29 Jul, 2024 06:37am

The Weather

KARACHI: The weather report on Sunday (July 28, 2024) and the forecast for Monday (July 29, 2024)....

Published 29 Jul, 2024 06:37am

IPP agreements main reason behind power challenges: PBF

KARACHI: Pakistan Business Forum (PBF) stated that the power purchase agreements (PPAs) with Independent Electricity...

Updated 29 Jul, 2024 09:30am

Industry

HCSTSI says concerned at hike in gas prices

HYDERABAD: Muhammad Farooq Shaikhani, President, Hyderabad Chamber of Small Traders & Small Industry (HCSTSI),...

Published 29 Jul, 2024 06:37am

Taxes

Income tax refunds: Company says taxmen never demanded gratification

ISLAMABAD: A company being assessed at Large Taxpayer Office (LTO) Lahore has informed the Federal Investigation...

Published 29 Jul, 2024 06:37am

CTO Islamabad accused of ‘deceiving’ tax system

ISLAMABAD: Appellate Tribunal Inland Revenue Islamabad Bench (ATIR) has held that the Corporate Tax Office,...

Updated 29 Jul, 2024 10:01am

Thermal energy portfolio: CCP approves merger application

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a merger application within the thermal energy...

Published 29 Jul, 2024 06:37am

Industry

Call for taking action against illicit trade

LAHORE: Without expanding the tax base and strict implementing a comprehensive track and trace system, the ...

Published 29 Jul, 2024 06:37am

Industry

SMEs in Sindh, Balochistan’s horticulture, livestock sectors: GRASP hosts insurance policies issuance ceremony

KARACHI: European Union funded “Growth for Rural Advancement and Sustainable Progress” (GRASP) hosted insurance...

Published 29 Jul, 2024 06:37am

MENA

From AED27,000 of investment: Pakistani-owned Ravi Restaurant has come a long way

KARACHI: In the heart of Dubai, a small restaurant owned by a Pakistani has been making waves in the culinary scene...

Updated 29 Jul, 2024 09:42am

Money & Banking

China’s yuan eases slightly as dollar stabilizes

SHANGHAI: The yuan eased slightly against the US dollar on Friday, after having notched up its strongest close in ...

Published 29 Jul, 2024 06:37am

Money & Banking

Canadian dollar posts longest losing streak in six years

TORONTO: The Canadian dollar weakened for an eighth straight day against its US counterpart on Friday as oil prices...

Published 29 Jul, 2024 06:37am

Money & Banking

Australia, NZ dollars set for biggest two-week drop

SYDNEY: The Australian and New Zealand dollars were set for the biggest two-week drop in nearly two years as a bout...

Published 29 Jul, 2024 06:37am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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