News Archives for Print - 2024-08-04

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Print - 2024-08-04

Fears of Middle East war grow

TEHRAN: Fears of a regional Middle East war grew on Saturday after the assassination of Hamas’s political leader,...

Published 04 Aug, 2024 02:47am

World Bank approves $1.5bn Ethiopia rescue package

ADDIS ABABA: The World Bank has approved a $1.5 billion financial package to support cash-strapped Ethiopia’s...

Published 04 Aug, 2024 02:47am

Nigerian police crack down on protests as rights group says 13 killed

ABUJA: Nigerian police fired shots in the air to break up protests in the capital Abuja on Friday as rights group...

Published 04 Aug, 2024 02:47am

Pakistan expresses solidarity with people of IIOJ&K

ISLAMABAD: Federal Information Minister Attaullah Tarar during his addressed in a webinar organised by the Pakistani...

Published 04 Aug, 2024 02:47am

Alkhidmat gives away training certificates

KARACHI: Alkhidmat Karachi has awarded certificates to successful students on completion of a three-month industrial...

Published 04 Aug, 2024 02:47am

LHC underscores need for timely submission of probe reports

LAHORE: The Lahore High Court observed that the late submission of investigation reports epitomises the adage...

Published 04 Aug, 2024 02:47am

Youm-e-Istehsal-e-Kashmir tomorrow

LAHORE: Kashmiris on both sides of Line of Control and World over will be marking ‘Youm-e-Istehsal-e-Kashmir’ on...

Published 04 Aug, 2024 02:47am

LCCI vows full support to IT sector

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Kashif Anwar has assured continuing support for the...

Published 04 Aug, 2024 02:47am

Cotton

Bad weather conditions may hurt cotton crop

LAHORE: Pakistan Cotton Ginners Association (PCGA) has released cotton production data up to July 31, which shows...

Published 04 Aug, 2024 02:47am

JI holds sit-in outside Sindh governor’s house

KARACHI: Following the protest call by Jamaat-e-Islami (JI) Amir Hafiz Naeemur Rehman, the party’s Karachi...

Published 04 Aug, 2024 02:47am

Companies Act, other administered legislation: Five HCs designated as special courts to try cases

ISLAMABAD: The federal government has notified five high courts as special courts under Section 37 of the Securities...

Updated 04 Aug, 2024 09:34pm

Maersk intends to invest $2bn for business expansion: minister

KARACHI: A.P. Møller - Mærsk A/S, usually known as Maersk, a Danish shipping and logistics company, intends to...

Updated 04 Aug, 2024 09:25pm

Govt mulling raising GST on tractors to 14pc

ISLAMABAD: The federal government is planning to raise sales tax on tractors from 10 to 14 percent. In the last...

Updated 04 Aug, 2024 09:53am

Electricity bills: Govt struggling to find solution to capacity charges

Ministry of Finance links provision of relief in electricity bills to the conditions set by IMF

Updated 04 Aug, 2024 11:44pm

Ogra urged to conduct probe: OCAC concerned at discounted sale of imported oil by OMC

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has expressed its concern over the sale of imported oil at...

Updated 04 Aug, 2024 09:58am

Pakistan supports Iranian call for OIC extraordinary moot

ISLAMABAD: Pakistan on Saturday extended its full support to Iran’s call for convening an extraordinary meeting of...

Updated 04 Aug, 2024 01:18pm

Imran Khan says will talk to those who wield ‘real power’

ISLAMABAD: The incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan on Saturday said he will...

Updated 04 Aug, 2024 01:18pm

0.2m solar kits to be distributed in Sindh

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, speaking at the signing ceremony of framework agreements for...

Updated 04 Aug, 2024 01:19pm

Dissenting notes: Two SC judges say majority’s order made ‘a new parliamentary party’

ISLAMABAD: Justice Amin-ud-Din Khan and Justice Naeem Akhtar Afghan stated that the superstructure created by the...

Updated 04 Aug, 2024 01:17pm

CCP grants approval: Lucky Core acquiring certain assets of Pfizer

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of certain assets of M/s. ...

Updated 04 Aug, 2024 10:08am

July cement despatches decline 6.81pc to 3.01m tons YoY

LAHORE: Cement despatches declined by 6.81% in July 2024 showing declining trend for consecutive 11 months due to...

Published 04 Aug, 2024 02:47am

Deductions, tax credits to salaried class, pensioners: FTO directs FBR, AGPR and AG Sindh to allow adjustment

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR), Accountant General of...

Updated 04 Aug, 2024 10:10am

The challenge of IPPs-I

Pakistan’s real economy is failing primarily on account of its energy sector. This author has been raising the alarm...

Published 04 Aug, 2024 02:47am

Businesses are (naturally) pessimistic

EDITORIAL: The latest Gallup Pakistan Business Confidence Index report only confirms what everybody already knows:...

Published 04 Aug, 2024 02:47am

Commodities

Gold prices all-time high

KARACHI: The local gold prices on Saturday receded from all-time highs with the global bullion value dropping below...

Published 04 Aug, 2024 02:47am

Capital city witnesses spike in crimes

ISLAMABAD: The capital city witnessed a spike in the incidents of crime during the last week as 81 cases of auto...

Published 04 Aug, 2024 02:47am

Letters

Growing belligerence of Israel: assassination of Haniyeh in Iran

That the National Assembly of Pakistan has shown rare unanimity is a fact as the lower house of parliament has...

Published 04 Aug, 2024 02:47am

Extension in Raoof’s remand: ATC rejects CTD request

ISLAMABAD: The Anti-Terrorism Court (ATC) on Wednesday rejected the CTD’s request seeking extension in physical...

Published 04 Aug, 2024 02:47am

CM given briefing on air ambulance project

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif met Secretary Emergency Services in which matters pertaining to...

Published 04 Aug, 2024 02:47am

Govt urged to reduce number of ministries to cut expenses

KARACHI: Malik Khuda Baksh, the Convener of the Standing Committee on Energy of the Federation of Pakistan Chambers...

Published 04 Aug, 2024 02:47am

Energy

US natgas prices little changed despite near-record breaking heat

NEW YORK: US natural gas futures held steady on Friday, supported by rising gas flows to liquefied natural gas (LNG)...

Published 04 Aug, 2024 02:47am

Energy

Oil settles at 8-month low

HOUSTON: Oil prices fell on Friday, settling at their lowest since January after data showed the US economy added...

Published 04 Aug, 2024 02:47am

Commodities

Malaysian palm oil futures up

JAKARTA: Malaysian palm oil futures closed higher on Friday tracking rival oils, although the ringgit’s persistent...

Published 04 Aug, 2024 02:47am

Commodities

Dalian iron ore ticks up

SINGAPORE: Dalian iron ore futures prices ticked up on Friday but were on track for a weekly loss as traders ...

Published 04 Aug, 2024 02:47am

Commodities

Gold retreats on profit-taking

BENGALURU: Gold prices retreated on Friday as profit-taking kicked in after bullion jumped over 1% earlier in the...

Published 04 Aug, 2024 02:47am

Commodities

Copper firms on potential US rate cuts after jobs data

LONDON: Copper prices edged higher on Friday, supported by growing expectations of US interest rate cuts and ...

Published 04 Aug, 2024 02:47am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday, (August 03, 2024)...

Published 04 Aug, 2024 02:47am

Cotton & Textile

Slow business activity on cotton market

LAHORE: The local cotton market on Saturday remained steady and the trading volume remained low because the arrival...

Published 04 Aug, 2024 02:47am

Commodities

Japanese rubber climbs on supply concerns

SINGAPORE: Japanese rubber futures gained on Friday, buoyed by concerns over supply-side obstacles, although the...

Published 04 Aug, 2024 02:47am

Commodities

CBOT soy, grain futures higher on US economy concerns

CHICAGO: Chicago Board of Trade grain and soybean futures turned higher on Friday as market participants and fund...

Published 04 Aug, 2024 02:47am

Industry

Karachi traders threaten to stop making payments against KE bills

KARACHI: The city’s traders have threatened the government of stopping paying utility bills from August 31, if the...

Published 04 Aug, 2024 02:47am

Industry

Dharejo visits ‘My Karachi’ trade expo

KARACHI: Provincial Minister for Commerce and Industry, Jam Ikramullah Dharejo, visiting “My Karachi” trade ...

Published 04 Aug, 2024 02:47am

24-hour gas holiday today in Sindh for industries, CNG stations

KARACHI: Sui Southern Gas Company (SSGC) has announced 24 hours gas holiday for all industries including their power...

Published 04 Aug, 2024 02:47am

Industry

China’s hybrid chilli seeds to help multiply yield: WealthPK

ISLAMABAD: China’s hybrid chilli seeds hold the potential to transform Pakistan’s agriculture, promising ...

Published 04 Aug, 2024 02:47am

Rain emergency: meeting held in Hyderabad

HYDERABAD: Provincial Minister for Irrigation and Food Department Jam Khan Shoro and Provincial Minister for Local...

Published 04 Aug, 2024 02:47am

The Weather

KARACHI: The weather report on Saturday (August 03, 2024) and the forecast for Sunday (August 04, 2024)....

Published 04 Aug, 2024 02:47am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Saturday (August 03, 2024). ======================================= Offset...

Published 04 Aug, 2024 02:47am

Jan-Jun: 17.34m mobile handsets made locally

ISLAMABAD: The local manufacturing/ assembling plants manufactured/ assembled 17.34 million mobile handsets during...

Published 04 Aug, 2024 02:47am

Taxes

Names under circulation for FBR chief slot

ISLAMABAD: Some names are under circulation as new Federal Board of Revenue (FBR) Chairman, said sources. They...

Published 04 Aug, 2024 02:47am

Modi’s misplaced bravado and jingoism

EDITORIAL: Indian Prime Minister Narendra Modi’s typically aggressive remarks about Pakistan, on the anniversary ...

Published 04 Aug, 2024 02:47am

‘People feel insecure due to high inflation’

KARACHI: Chairman of the FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen...

Published 04 Aug, 2024 02:47am

Industry

KCCI praised for organising ‘My Karachi Exhibition’

KARACHI: Additional Inspector General of Police (IGP) Javed Akhter Odho, during his visit to My Karachi Exhibition...

Published 04 Aug, 2024 02:47am

Prices of essential kitchen items show declining trend

ISLAMABAD: The prices of essential kitchen items have witnessed a reduction during this week past against the...

Published 04 Aug, 2024 02:47am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 1	277.78
USD PKR Interbank Buying / Nov 1	277.68
USD to Japanese Yen / Nov 1	153.01
USD to Swiss Franc / Nov 1	0.87
Pound Sterling to USD / Nov 1	1.29
Euro to USD / Nov 1	1.08

Stock	Volume
S&P 500 / Nov 1	5,728.80
India Sensex / Nov 1	79,724.12
Tokyo Nikkei / Nov 1	38,053.67
Nasdaq / Nov 1	18,239.92
Hang Seng / Nov 1	20,506.43
FTSE 100 / Nov 1	8,177.15
Dow Jones / Nov 1	42,052.19
Germany DAX 30 / Nov 1	19,254.97

Item	Value
Crude Oil USD/Barrel / Nov 1	69.49
Karachi Cotton PKR/37.32 KG / Nov 1	18,085
Gold 10 Grams PKR / Nov 1	244,084
Gold Spot USD/Ounce / Nov 1	2,736.53
Cotton US¢/pound / Nov 1	70.17
Petrol/Litre / Nov 2	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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