News Archives for Print - 2024-07-30

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Print - 2024-07-30

Quad foreign ministers decry ‘dangerous S China Sea actions’

TOKYO: Foreign ministers from Australia, India, Japan and the United States said on Monday they were seriously...

Published 30 Jul, 2024 03:10am

A fragile balance of payments

The statistics on the external balance of payments of Pakistan in 2023-24 were released last week by the SBP (State...

Published 30 Jul, 2024 03:10am

Letters

‘Learning from China’

That Sirajuddin Aziz writes with conviction, in fact genuine conviction, is a fact. His latest contribution for this...

Published 30 Jul, 2024 03:10am

Islaah beyond IMF

Pakistan’s economic stability has long been precarious, which is why the country’s economic history over the past...

Published 30 Jul, 2024 03:10am

Role of inclusiveness, education, technology, and governance for economic prosperity

Think of your family as a household unit. Keeping other factors constant, how can your family achieve economic...

Published 30 Jul, 2024 03:10am

Europe

Paris wheat extends fall as Russian supply offsets EU setbacks

PARIS: Euronext wheat futures fell for a fifth straight session on Monday as favourable harvest prospects and...

Published 30 Jul, 2024 03:10am

South Asia

Bangladesh protests resume after ultimatum ignored

DHAKA: Bangladeshi students held scattered street protests on Monday after Prime Minister Sheikh Hasina’s...

Published 30 Jul, 2024 03:10am

Maduro declared Venezuela election winner, opposition reject result

CARACAS: Nicolas Maduro was declared the winner of Venezuela’s presidential election Sunday but the opposition and...

Published 30 Jul, 2024 03:10am

Israeli officials say they seek to avoid all-out war in Lebanon retaliation

JERUSALEM/BEIRUT: Israel wants to hurt Hezbollah but not drag the Middle East into all-out war, two Israeli ...

Published 30 Jul, 2024 03:10am

Biden calls for sweeping US Supreme Court reforms

WASHINGTON: US President Joe Biden unveiled plans Monday to reform the conservative-dominated Supreme Court, in a...

Published 30 Jul, 2024 03:10am

Lufthansa, Air France halt Beirut flights as tensions rise

BEIRUT: Air France and the German airline group Lufthansa said Monday they were suspending flights to Beirut after...

Published 30 Jul, 2024 03:10am

Beyond the billionaires bash: Pakistan’s real crisis

In a recent op-ed published in a national daily, a noted author has made several claims to misrepresent fundamental...

Published 30 Jul, 2024 03:10am

AJK landslide: Alternate oil supply route planned

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) urgently convened a meeting with representatives from the...

Published 30 Jul, 2024 03:10am

JI chief urges political parties to join sit-in

ISLAMABAD: Jamaat-e-Islami (JI) chief Hafiz Naeemur Rehman, Monday, while inviting all the political parties to...

Published 30 Jul, 2024 03:10am

Aurangzeb vows more opportunities for youths

ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb has held out assurance to enhance opportunities for the...

Published 30 Jul, 2024 03:10am

PARTLY FACETIOUS: Struggling to avert default

“So, I am curious, what happens if you take an investment banker and give him the country’s finance ...

Published 30 Jul, 2024 03:10am

PM directs NDMA to take immediate steps to deal with challenge of rains

ISLAMABAD: Following heavy rains on Monday, Prime Minister Shehbaz Sharif has directed that measures shall be ...

Published 30 Jul, 2024 03:10am

‘Shehbaz govt’ wants to ‘get rid’ of PTI through army, claims IK

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan on Monday said the Shehbaz Sharif-led...

Published 30 Jul, 2024 03:10am

IHC reserves judgment on plea challenging Elections Ordinance

ISLAMABAD: The Islamabad High Court (IHC) reserved its judgment in a petition challenging the Elections (Amendment)...

Published 30 Jul, 2024 03:10am

Zardari underscores need for enhancing outreach of BISP

ISLAMABAD: President Asif Ali Zardari has underscored the need for enhancing the outreach of the Benazir Income...

Published 30 Jul, 2024 03:10am

The Weather

KARACHI: The weather report on Monday (July 29, 2024) and the forecast for Tuesday (July 30, 2024)...

Published 30 Jul, 2024 03:10am

Rates

LME official prices

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

Published 30 Jul, 2024 03:10am

Youth Council for Sustainable Action launched in Sindh

KARACHI: The USAID’s flagship private sector health project, Frontier Health Markets (FHM) Engage, has launched ...

Published 30 Jul, 2024 03:10am

Iran seizes oil tanker in Gulf, arrests crew

TEHRAN: Iran’s Revolutionary Guards have seized a Togo-flagged oil tanker in the Gulf and arrested its nine-person...

Published 30 Jul, 2024 03:10am

TLP senior leader arrested for ‘threatening’ CJP

LAHORE: Deputy Amir of Tehreek-e-Labbaik Pakistan (TLP) Pir Zaheer-ul-Hassan Shah has been arrested in Okara for...

Published 30 Jul, 2024 03:10am

Europe

Two children killed in knife attack in UK

LONDON: Two children have died following a knife attack in northwest England, police said on Monday, adding they had...

Published 30 Jul, 2024 03:10am

Two ad hoc SC judges take oath

ISLAMABAD: Chief Justice of Pakistan Qazi Faez Isa administered the oath of offices to Justice Sardar Tariq Masood...

Updated 30 Jul, 2024 08:40am

NDMA anticipates up to 200mm rains in three days

ISLAMABAD: The National Disaster Management Authority (NDMA) has issued a severe weather alert for multiple areas in...

Published 30 Jul, 2024 03:10am

Stocks

Sri Lanka shares down ahead of presidential election

BENGALURU: Sri Lankan shares edged lower on Friday, dragged by losses in energy and real estate stocks. The CSE All...

Published 30 Jul, 2024 03:10am

Stocks

Nasdaq, S&P 500 rise on prospect of tech results

NEW YORK: The Nasdaq and the S&P 500 rose in choppy, range-bound trading on Monday as investors looked forward ...

Published 30 Jul, 2024 03:10am

Stocks

European shares close lower in lead-up to Fed

PARIS: European shares ended a touch lower on Monday as investors remained risk averse at the start of an...

Published 30 Jul, 2024 03:10am

Stocks

China stocks end flat ahead of Politburo meeting

SHANGHAI: China stocks ended largely flat on Monday, as investors awaited a key Politburo meeting later this week in...

Published 30 Jul, 2024 03:10am

Stocks

Japan’s Nikkei rebounds in broad-based buying

TOKYO: Japan’s Nikkei share average rebounded on Monday from a three-month low hit in the previous session, after...

Published 30 Jul, 2024 03:10am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 29, 2024)....

Published 30 Jul, 2024 03:10am

Bank scam in Lower Chitral: DPO initiates probe against three police officers

ISLAMABAD: Lower Chitral District Police Officer (DPO) Iftikhar Shah has launched an investigation against three...

Published 30 Jul, 2024 03:10am

ZUEB announces results of SSC-II 2024

KARACHI: Ziauddin University Examination Board (ZUEB) announced the results for the annual SSC-II 2024 exams,...

Published 30 Jul, 2024 03:10am

Islamabad LG polls schedule likely next month

ISLAMABAD: The schedule for local government elections in the Islamabad Capital Territory (ICT) is likely next ...

Published 30 Jul, 2024 03:10am

Constitution of larger bench: Arshad Sharif’s murder case referred to SC body

ISLAMABAD: Renown-ed journalist Arshad Sharif’s murder case was referred to the Supreme Court Committee for the...

Published 30 Jul, 2024 03:10am

29,065 Pakistanis in foreign jails, Senate panel told

ISLAMABAD: A Senate panel was informed on Monday that there are 29,065 Pakistani prisoners in various countries...

Published 30 Jul, 2024 03:10am

UK to cooperate on climate change, water management

LAHORE: The British High Commissioner to Pakistan, Jane Marriott said on Monday that Britain will cooperate with...

Published 30 Jul, 2024 03:10am

WCLA completes conservation of Tomb of Imam Gammo

LAHORE: The Walled City of Lahore Authority (WCLA), in partnership with the Aga Khan Cultural Service Pakistan...

Published 30 Jul, 2024 03:10am

Maryam vows to strengthen supply chain mechanism to keep food prices in check

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif has directed the authorities concerned to make supply chain...

Published 30 Jul, 2024 03:10am

New dimension added to Sino-Pak ties: Naqvi

LAHORE: Interior Minister Syed Mohsin Naqvi said on Monday that a new dimension had been added to Sino-Pak relations...

Published 30 Jul, 2024 03:10am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (July 29, 2024). ==================================== BR...

Published 30 Jul, 2024 03:10am

Calm a jittery market

EDITORIAL: The Minister for Finance and Revenue Muhammad Aurangzeb’s Sunday press conference was a judicious attempt...

Published 30 Jul, 2024 03:10am

Commodities

Malaysian palm oil futures decline

JAKARTA: Malaysian palm oil futures fell on Monday, weighed down by weakness in rival vegetable oils on the Dalian...

Published 30 Jul, 2024 03:10am

Energy

Oil prices down

NEW YORK: Oil prices fell by more than $1 a barrel on Monday after Israeli officials said they wanted to avoid...

Published 30 Jul, 2024 03:10am

Rates

Activities at Karachi Port Trust

KARACHI: The Karachi Port Trust handled 188,893 tonnes of cargo comprising 131,646 tonnes of import cargo and 57,247...

Published 30 Jul, 2024 03:10am

Commodities

Russian wheat export prices flat

MOSCOW: Russian wheat export prices were largely unchanged last week, and analysts say that prices have reached the...

Published 30 Jul, 2024 03:10am

Commodities

Iron ore dips on China steel sell-off

SINGAPORE: Iron ore futures prices dipped on Monday, weighed down by concerns about a persistently weak steel market...

Published 30 Jul, 2024 03:10am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 24.992 billion...

Published 30 Jul, 2024 03:10am

Commodities

Japan rubber futures reverse gains on stronger yen

SINGAPORE: Japanese rubber futures reversed early gains on Monday, weighed down by a stronger yen and concerns about...

Published 30 Jul, 2024 03:10am

Commodities

Gold gains as hopes build for Sept US rate cut

BENGALURU: Gold prices edged higher on Monday, driven by geopolitical concerns in the Middle East and growing...

Published 30 Jul, 2024 03:10am

Commodities

Copper loses ground on weak Chinese demand

LONDON: Copper prices slid on Monday on Chinese demand concerns and high inventories, while market participants...

Published 30 Jul, 2024 03:10am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (July 29, 2024)...

Published 30 Jul, 2024 03:10am

Cotton & Textile

Firm trend on cotton market

LAHORE: The local cotton market on Monday remained steady and the trading volume remained satisfactory. Cotton...

Published 30 Jul, 2024 03:10am

Business community terms policy rate cut ‘insufficient’

KARACHI: The policy rate cut of 100 basis points by the State Bank on Monday disappointed most of the business...

Published 30 Jul, 2024 03:10am

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 30 Jul, 2024 03:10am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on ...

Published 30 Jul, 2024 03:10am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (July 29, 2024)...

Published 30 Jul, 2024 03:10am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (July 29, 2024). ======================================= Offset ...

Published 30 Jul, 2024 03:10am

Energy

‘Uninterrupted power supply is FESCO’s top priority’

FAISALABAD: Chairman Faisalabad Electric Supply Company (FESCO) Board of Directors Umar Farooq Khan has said that...

Published 30 Jul, 2024 03:10am

Rates

Stocks surge on Fitch upgrade

KARACHI: Pakistan Stock Exchange on Monday witnessed a bullish trend and closed on strong positive note with healthy...

Published 30 Jul, 2024 03:10am

ECP notifies 93 returned MPAs as PTI lawmakers

ISLAMABAD: The number of PTI lawmakers in four assemblies now becomes 132— after the electoral entity, Monday,...

Updated 30 Jul, 2024 08:41am

Phasing out incentives for SEZs not so easy

ISLAMABAD: Despite an International Monetary Fund (IMF) statement indicating government assurance to phase-out...

Updated 30 Jul, 2024 03:05pm

‘Country in a comfort zone’: SBP chief sees no external debt repayment crisis

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmed Monday said with significant improvement in external...

Published 30 Jul, 2024 03:10am

PM welcomes Fitch upgrade

ISLAMABAD: Prime Minister Shehbaz Sharif has welcomed Pakistan’s Triple C plus rating by global credit rating agency...

Updated 30 Jul, 2024 09:50am

SBP cuts rate by 100bps, raises inflation outlook

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday cut the key policy rate ...

Published 30 Jul, 2024 03:10am

Power sector reforms: Nepra supports setting up of ISMO

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) is said to have supported establishment of a new...

Updated 30 Jul, 2024 09:01am

Power sector: Work begins to remove major bottlenecks

The key issue, due to which authorities are worried about, is uncontrolled power sector circular debt which is over Rs2.4 trillion

Updated 30 Jul, 2024 02:48pm

Death threats to Justice Isa: Defence minister says govt to take ‘stringent action’

ISLAMABAD: Slamming the propaganda against the top judge of the country, the Minister for Defence Khawaja Asif on...

Updated 30 Jul, 2024 09:49am

Supply of coal to power houses: 100pc tax credit given to miners in Sindh

ISLAMABAD: The Federal Board of Revenue (FBR) has allowed 100 per cent tax credit to persons engaged in coal mining...

Updated 30 Jul, 2024 09:31am

APTMA urges govt to revisit deals with IPPs

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has called on the federal government to renegotiate...

Updated 30 Jul, 2024 08:58am

‘Transfer to admin pool’: SHC suspends FBR notification

ISLAMABAD: The Sindh High Court (SHC) has suspended a notification of the Federal Board of Revenue (FBR) to transfer...

Updated 30 Jul, 2024 09:30am

Stock market-linked Mutual Funds: SECP concerned about lack of investors’ interest

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has expressed serious concern that the stock...

Updated 30 Jul, 2024 09:30am

Commodities

Gold prices marginally up

KARACHI: The local gold market on in Monday posted a slight gain, as the global bullion value is hovering at $2400 ...

Published 30 Jul, 2024 03:10am

Energy

Razgir-1 exploratory well: Significant gas condensate discovery in TAL Block

KARACHI: The Hungarian Oil and Gas Public Limited Company MOL Group has informed that a significant gas condensate...

Published 30 Jul, 2024 03:10am

Vying for more influence

EDITORIAL: Sovereign states base their foreign policies on long-term strategic and economic interests. No third ...

Published 30 Jul, 2024 03:10am

Taxes

3,451 lots awaiting disposal in Customs dept: FTO

LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has observed that a total of 3451 lots are awaiting disposal...

Published 30 Jul, 2024 03:10am

Foreign investors: Repatriation of profits, dividends hits 6-year high

KARACHI: The repatriation of profits and dividends by foreign investors, during last fiscal year, rose to its...

Published 30 Jul, 2024 03:10am

Fitch upgrades rating to ‘CCC+’

KARACHI: Fitch Ratings has upgraded Pakistan’s Long Term Issuer Default Rating by one notch to CCC+, which ...

Published 30 Jul, 2024 03:10am

Money & Banking

Dollar steady

NEW YORK: The dollar edged up on Monday as traders braced for a busy week of news featuring Wednesday’s policy...

Published 30 Jul, 2024 03:10am

Money & Banking

Asian currencies: Ringgit, won gains modestly

BENGALURU: Asian equities recovered on Monday, heading into a week packed with key central bank policy decisions and...

Published 30 Jul, 2024 03:10am

Industry

PYMA voices concern over RD imposition

KARACHI: Sohail Nisar, Senior Vice Chairman of the Pakistan Yarn Merchants Association (PYMA), along with Vice...

Published 30 Jul, 2024 03:10am

Industry

Daraz trains 1,000 female entrepreneurs from Punjab

LAHORE: In line with its mission to uplift communities through the power of commerce, Daraz, an online shopping...

Published 30 Jul, 2024 03:10am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	280.20
USD PKR Interbank Buying / Mar 28	280
USD to Swiss Franc / Mar 27	0.88
USD to Japanese Yen / Mar 28	150.83
Pound Sterling to USD / Mar 28	1.29
Euro to USD / Mar 28	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 27	5,693.31
Nasdaq / Mar 27	17,804.03
Dow Jones / Mar 27	42,299.70
Germany DAX 30 / Mar 27	22,678.74
France CAC40 / Mar 27	7,990.11
India Sensex / Mar 28	23,448.24
Tokyo Nikkei / Mar 28	36,977.70
Hang Seng / Mar 28	77,559.63
FTSE 100 / Mar 28	8,672.68

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 27	17,085
Gold 10 Grams PKR / Mar 27	275,205
Petrol/Litre / Mar 28	255.63
Crude Oil USD/Barrel / Mar 28	69.76
Gold Spot USD/Ounce / Mar 28	3,079.82
Diesel/Litre / Mar 28	258.64
Cotton US¢/pound / Mar 28	66.73

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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