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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Paper

Lahore Paper Market Rates

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Names under circulation for FBR chief slot

Taxes

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

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 14	280.68
USD PKR Interbank Buying / Apr 14	280.48
USD to Japanese Yen / Apr 14	142.49
USD to Swiss Franc / Apr 14	0.81
Pound Sterling to USD / Apr 14	1.32
Euro to USD / Apr 14	1.14
UK LIBOR % / Apr 11	4.96

Stock	Volume
S&P 500 / Apr 11	5,363.36
India Sensex / Apr 11	75,157.26
Nasdaq / Apr 11	16,724.46
Dow Jones / Apr 11	40,212.71
Tokyo Nikkei / Apr 14	33,982.36
Hang Seng / Apr 14	21,367.90
FTSE 100 / Apr 14	8,113.87
Germany DAX 30 / Apr 14	20,831.83
France CAC40 / Apr 14	7,259.65

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 11	16,785
Gold 10 Grams PKR / Apr 11	290,466
Crude Oil USD/Barrel / Apr 14	61.28
Gold Spot USD/Ounce / Apr 14	3,229.53
Cotton US¢/pound / Apr 14	67.08
Petrol/Litre / Apr 15	254.63
Diesel/Litre / Apr 15	258.64

Gainers
Losers
Leaders

Stock	Price
Pak Agro Pack. (GEM) / Apr 14 Pak Agro Packaging Limited (GEM)(GEMPAPL)	8.84 ▲ 0.99 (12.61%)
Ruby Textile / Apr 14 Ruby Textile Mills Limited(RUBY)	7.80 ▲ 0.86 (12.39%)
Tariq Corporation / Apr 14 Tariq Corporation Limited(TCORP)	14.69 ▲ 1.34 (10.04%)
Secure Logistics / Apr 14 Secure Logistics Group Limited(SLGL)	14.83 ▲ 1.35 (10.01%)
Engro Powergen / Apr 14 Engro Powergen Qadirpur Limited(EPQL)	35.27 ▲ 3.21 (10.01%)
Dandot Cement / Apr 14 Dandot Cement Company Limited(DNCC)	15.29 ▲ 1.39 (10%)
Bawany Air Products / Apr 14 Bawany Air Products Limited(BAPL)	31.80 ▲ 2.89 (10%)
J.K.Spinning / Apr 14 J.K. Spinning Mills Limited(JKSM)	64.35 ▲ 5.85 (10%)
PIA Holding Co.B / Apr 14 PIA Holding Company Limited B(PIAHCLB)	1,462.40 ▲ 132.95 (10%)
Frontier Ceram / Apr 14 Frontier Ceramics Limited(FRCL)	27.50 ▲ 2.5 (10%)

Stock	Price
Habib Ins. / Apr 14 Habib Insurance Company Limited(HICL)	7.95 ▼ -1.26 (-13.68%)
Oilboy Energy(R) / Apr 14 Oilboy Energy Limited(R)(OBOYR2)	1.62 ▼ -0.24 (-12.9%)
Fateh Ind. / Apr 14 Fateh Industries Limited(FIL)	119.56 ▼ -13.27 (-9.99%)
Sindh Abadgar / Apr 14 Sindh Abadgar's Sugar Mills Limited(SASML)	52.50 ▼ -5.83 (-9.99%)
TPL Life Insur. / Apr 14 TPL Life Insurance Limited(TPLL)	49.35 ▼ -5.46 (-9.96%)
Hafiz Ltd. / Apr 14 Hafiz Limited(HAFL)	255 ▼ -26.68 (-9.47%)
Baba Farid Sugar / Apr 14 Baba Farid Sugar Mills Limited(BAFS)	53 ▼ -5.43 (-9.29%)
Mughal Energy / Apr 14 Mughal Energy Limited(GEM)(GEMMEL)	20 ▼ -2.02 (-9.17%)
First Elite Cap.Mod / Apr 14 First Elite Capital Modaraba(FECM)	16 ▼ -1.59 (-9.04%)
Shahzad Tex. / Apr 14 Shahzad Textile Mills Limited(SZTM)	27.26 ▼ -2.61 (-8.74%)

Stock	Volume
Cnergyico PK / Apr 14 Cnergyico PK Limited(CNERGY)	54,444,707 ▲ 0.23
Pak Int.Bulk / Apr 14 Pakistan International Bulk Terminal(PIBTL)	45,023,605 ▲ 0.5
Pak Elektron / Apr 14 Pak Elektron Limited(PAEL)	40,742,036 ▼ -0.01
Sui South Gas / Apr 14 Sui Southern Gas Company Limited(SSGC)	38,084,018 ▲ 2.37
B.O.Punjab / Apr 14 The Bank of Punjab(BOP)	33,174,212 ▲ 0.16
Citi Pharma Ltd / Apr 14 Citi Pharma Limited(CPHL)	25,349,324 ▲ 1.66
WorldCall Telecom / Apr 14 Worldcall Telecom Limited(WTL)	15,776,896 ▲ 0.02
Power Cement / Apr 14 Power Cement Limited(POWER)	14,852,543 ▼ -0.08
Dewan Cement / Apr 14 Dewan Cement Limited(DCL)	14,486,660 ▲ 0.86
K-Electric Ltd. / Apr 14 K-Electric Limited(KEL)	13,484,387 ▼ -0.04

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