News Archives for Print - 2024-08-10

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Print - 2024-08-10

Naqvi vows action against beggars travelling to KSA

ISLAMABAD: Interior Minister Mohsin Naqvi on Friday assured Saudi Ambassador Nawaf bin Said Ahmed Al-Malki for ...

Published 10 Aug, 2024 08:21am

Development agenda: Dar underscores importance for reorienting diplomatic initiatives

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar on Friday underscored the importance of re-orienting...

Published 10 Aug, 2024 08:17am

Stocks

China stocks fall despite stronger-than-expected inflation data

SHANGHAI: China stocks closed lower on Friday, even after data showed the country’s consumer prices increased at a...

Published 10 Aug, 2024 08:15am

Companies

VEON Group: Jazz, JazzCash, Mobilink Microfinance Bank, digital services post 27.7c revenue growth

ISLAMABAD: Jazz, JazzCash, Mobilink Microfinance Bank, and digital services of VEON Group in Pakistan reported...

Published 10 Aug, 2024 08:14am

KE’s anti-theft drive continues

KARACHI: K-Electric (KE) continues its crackdown on electricity theft and defaulters with the support of law...

Published 10 Aug, 2024 08:11am

Companies

PQAMC announces dividend for PQMIP

KARACHI: Pak-Qatar Asset Management Company Limited (PQAMC) is a leading dedicated Islamic Asset Management Company...

Published 10 Aug, 2024 08:10am

Money & Banking

Dollar dips

NEW YORK: The dollar was off a one-week high against other major currencies on Friday, capping off a turbulent few...

Published 10 Aug, 2024 08:05am

Europe

Court jails UK man for inciting ‘racial hatred’

LONDON: A judge in Leeds, northern England, on Friday jailed a 28-year-old man for 20 months after he admitted...

Published 10 Aug, 2024 08:02am

Trump says US president should have say over monetary policy

PALM BEACH, (United States): Donald Trump on Thursday voiced frustration at the independence of the Federal Reserve...

Published 10 Aug, 2024 06:51am

South Asia

FATF calls on India to boost bank scrutiny for politicians

NEW DELHI: The Financial Action Task Force (FATF) global anti-money laundering watchdog has asked India to improve...

Published 10 Aug, 2024 06:51am

CTD arrests ‘mastermind’ of Abdul Qayyum Sufi murder case

KARACHI: The Counter-Terrorism Department (CTD) has arrested the mastermind behind the murder of Abdul Qayyum Sufi,...

Published 10 Aug, 2024 06:51am

Delegation of private universities of Niger visits SABS Jamshoro

HYDERABAD: A delegation of private universities of Niger visited Shaheed Allah Buksh Soomro (SABS) University of ...

Published 10 Aug, 2024 06:51am

Death of 2 linemen: Nepra directs NTDC to take action against contractors

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has directed National Transmission and Despatch...

Published 10 Aug, 2024 06:51am

Two key thermal plants: PD ‘reluctant’ to share sell-off timelines

Says Nandipur and Guddu Power Plants are on Active Privatisation List since long but with no substantial progress

Updated 10 Aug, 2024 10:50pm

Issuance of short-term Sukuks: SECP working on alternate Shariah-compliant structure

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is seriously working on an alternate...

Updated 10 Aug, 2024 04:20pm

PM, CM discuss K-IV, KCR, solar projects

KARACHI: Prime Minister of Pakistan Shehbaz Sharif and Sindh Chief Minister Syed Murad Ali Shah, in their one-on-one...

Updated 10 Aug, 2024 04:20pm

Rates

Bulls rule the roost

KARACHI: A bullish trend continued on Pakistan Stock Exchange on Friday on the back of fresh buying, mainly in...

Published 10 Aug, 2024 06:51am

NA adopts resolution to honour Arshad Nadeem

ISLAMABAD: The National Assembly unanimously approved a resolution on Friday to bestow javelin champion Arshad ...

Published 10 Aug, 2024 06:51am

US contacted on arrest of Asif Merchant: FO

ISLAMABAD: Foreign Office said on Friday that Pakistan has contacted the United States on the arrest of its ...

Published 10 Aug, 2024 06:51am

All ministries and divisions: PM to take action against officials who fail to file ICAs, CPLAs

ISLAMABAD: Prime Minister Shehbaz Sharif has decided to take punitive action against those officials of the...

Updated 10 Aug, 2024 04:20pm

Nine iron, steel importers laundered money

KARACHI: Some nine iron and steel importers have been caught in a massive money laundering worth a staggering Rs 9.7...

Updated 10 Aug, 2024 04:23pm

Afghan refugees: Blome praises Pakistan’s decision to extend PoR cards

ISLAMABAD: The United States Ambassador to Pakistan, Donald Blome, on Friday, appreciated Pakistan’s recent decision...

Updated 10 Aug, 2024 08:47am

Judiciary responsible for ‘prevailing crisis’: Bilawal

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari has alleged that judiciary is responsible...

Updated 10 Aug, 2024 08:48am

Omar criticises Bilawal for his approach to PTI

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Secretary General Omar Ayub on Friday lambasted Pakistan People’s Party...

Published 10 Aug, 2024 06:51am

Steps being taken to distribute 50,000 solar panels: Minister

KARACHI: Sindh Minister of Energy Development and Planning Sindh Syed Nasir Hussain Shah has said that all possible...

Published 10 Aug, 2024 06:51am

Pakistanis can now enjoy Real Madrid football theme park in Dubai

ISLAMABAD: Pakistanis can now enjoy Real Madrid World-first football theme park and other unforgettable adventures...

Published 10 Aug, 2024 06:51am

Thundershowers likely in Sindh: GLOF advisory for hilly parts of KPK

ISLAMABAD: The National Disaster Management Authority (NDMA) in light of the weather forecast by various departments...

Published 10 Aug, 2024 06:51am

IHC orders production of missing professors on 13th

ISLAMABAD: The Islamabad High Court (IHC) issued directions to produce missing professors by August 13. A single...

Published 10 Aug, 2024 06:51am

Industrialists in Karachi praise Arshad Nadeem’s achievement

KARACHI: Industrialists in Karachi have expressed immense joy over Pakistani athlete Arshad Nadeem’s historic...

Updated 10 Aug, 2024 08:25am

Punjab CM announces Rs100m for Arshad Nadeem

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif on Friday congratulated Arshad Nadeem on winning a gold medal for...

Published 10 Aug, 2024 06:51am

Justice Abid to take oath as acting LHC CJ today

LAHORE: Justice Abid Aziz Sheikh would take oath as acting chief justice of the Lahore High Court today as Chief...

Published 10 Aug, 2024 06:51am

PDWP approves 7 uplift schemes

LAHORE: The Punjab Development Working Party (PDWP) for the fiscal 2024-25 on Friday approved seven development...

Published 10 Aug, 2024 06:51am

Faisalabad Int’l Airport: expansion work expedited

FAISALABAD: Faisalabad International Airport would be transformed into a regional hub of air travel by extending...

Published 10 Aug, 2024 06:51am

Energy

IPPs, power sector reforms: Nation looking towards task force: FPCCI official

LAHORE: Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI)...

Published 10 Aug, 2024 06:51am

FDI and its drivers: a perspective

Foreign Direct Investment (FDI) is all about country perception and country perception is all about political and...

Updated 10 Aug, 2024 07:16am

Climate change challenge

Everyone seems to be complaining these days, whether you are in a wedding party or any other gathering for that...

Updated 10 Aug, 2024 07:19am

Capital’s entry points: Naqvi seeks upgradation plan

ISLAMABAD: Interior Minister Mohsin Naqvi on Friday sought the upgradation plan of the federal capital’s entry...

Published 10 Aug, 2024 06:51am

COAS meets Masjid-e-Nabavi Imam

ISLAMABAD: Chief of Army Staff (COAS) General Asim Munir met with Dr Salah bin Mohammad Al-Budair, the Imam of...

Published 10 Aug, 2024 06:51am

JI says govt has agreed to reduce power tariffs; protest deferred

ISLAMABAD: Jamaat-e-Islami (JI) Pakistan chief Hafiz Naeemur Rehman, Friday, while announcing to defer his party’s...

Published 10 Aug, 2024 06:51am

NA Speaker says visit of Imam Masjid Nabavi (PBUH) ‘moment of joy, blessing’

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq said the visit of Imam Masjid Nabavi (SAW) in Pakistan...

Published 10 Aug, 2024 06:51am

Sindh govt announces Rs50m for gold medallist Arshad Nadeem

KARACHI: Sindh government on Friday announced a Rs50 million reward for Pakistan’s star athlete Arshad Nadeem, who...

Published 10 Aug, 2024 06:51am

Formation of PAC remains incomplete

ISLAMABAD: The formation of Public Accounts Committee (PAC) remains incomplete, as the upper house of the parliament...

Published 10 Aug, 2024 06:51am

Delaying implementation of judgments challenge to very legal system: SC

ISLAMBAD: The Supreme Court noted that to disregard or delay the implementation of its judgments is to challenge the...

Published 10 Aug, 2024 06:51am

M-Tag facility to be available at no cost until 15th: NHA

ISLAMABAD: The National Highways Authority (NHA) has announced that the M-Tag facility will be available at no cost...

Published 10 Aug, 2024 06:51am

Letters

Israel and allies are after bigger trophies…

Soon after the martyrdom of Ismail Haniya, disregarding the fear of retaliation from Iran’s proxies in the Middle...

Published 10 Aug, 2024 06:51am

Huawei launches ‘Train The Trainer’ programme for students

ISLAMABAD: Huawei marked a significant milestone in Pakistan’s journey towards digital excellence while launching...

Published 10 Aug, 2024 06:51am

Towards transformation: embracing Gen AI for Pakistan’s future prosperity

It is deeply concerning that Pakistan remains trapped in a persistent cycle of political, economic, social, and...

Updated 10 Aug, 2024 07:26am

The Weather

KARACHI: The weather report on Friday (August 09, 2024) and the forecast for Saturday (August 10, 2024)...

Published 10 Aug, 2024 06:51am

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 10 Aug, 2024 06:51am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (August 09, 2024). ========================== KIBOR...

Published 10 Aug, 2024 06:51am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (August 09,...

Published 10 Aug, 2024 06:51am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (August 09, 2024). ======================== Open Bid Rs...

Published 10 Aug, 2024 06:51am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (August 09, 2024)....

Published 10 Aug, 2024 06:51am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (August 09, 2024). ==================================== BR...

Published 10 Aug, 2024 06:51am

Ahsan fears Rs200bn-400bn cut in PSDP outlay

Says hands are tied as IMF is not ready to give any relaxation in its conditions

Updated 10 Aug, 2024 10:50pm

Next phase of CPEC to focus on B2B arrangements: PM

KARACHI: Prime Minister Shehbaz Sharif Friday said China and Pakistan are great friends and their exemplary...

Updated 10 Aug, 2024 04:54pm

PM vows to extend support to exporters, manufacturers

KARACHI: Prime Minister Shehbaz Sharif on Friday said that the government was determined to extend utmost support to...

Updated 10 Aug, 2024 04:22pm

Energy sector, SOEs and privatisation efforts: Aurangzeb highlights significant steps

ISLAMABAD: Federal Minister for Finance & Revenue Muhammad Aurangzeb here on Friday highlighted recent positive...

Published 10 Aug, 2024 06:51am

CPPA-G ‘misguided’ Awais on FCA mechanism

ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) is said to have misguided the Power Minister,...

Updated 10 Aug, 2024 04:22pm

Weekly SPI inflation rises 0.30pc

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended August 8, 2024, increased by 0.30...

Published 10 Aug, 2024 06:51am

July remittances grow 48pc to $3bn YoY

KARACHI: Workers’ remittances recorded an impressive growth of 48 percent in the first month of this fiscal year...

Updated 10 Aug, 2024 07:35am

E-commerce tycoon Huang tops China’s rich list

BEIJING: E-commerce tycoon Colin Huang has become China’s richest man, an index showed Friday, capping an ascent...

Published 10 Aug, 2024 06:51am

Taxes

Taxpayers to be provided justice in 4 to 6 weeks: FTO

KARACHI: Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah (HI, SI) has announced quick action on the complaints of...

Published 10 Aug, 2024 06:51am

Industry

‘CG Turkiye invites multi-sectoral business delegation from FPCCI’

KARACHI: Saquib Fayyaz Magoon, Acting President FPCCI, has appraised the entire business industry and trade ...

Published 10 Aug, 2024 06:51am

Tractor industry on brink of shutdown: PAAPAM

LAHORE: The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has announced that the...

Updated 10 Aug, 2024 07:38am

Suffering consumers

EDITORIAL: It needs to be said that the government is guilty of either criminal neglect of the suffering fortunes of...

Published 10 Aug, 2024 06:51am

The best Independence Day gift ever

EDITORIAL: In one magical moment Arshad Nadeem filled the whole nation with joy and pride. Hurling his javelin in...

Published 10 Aug, 2024 06:51am

Companies

Quantum Cloud and AI Tech enters into partnership with Dell Techs

ISLAMABAD: Quantum Cloud and AI Tech entered into a partnership with Dell Technologies to bring technological shift...

Published 10 Aug, 2024 06:51am

Companies

PSX holds gong ceremony to mark listing of BigBird Foods Ltd

KARACHI: Pakistan Stock Exchange (PSX) on Friday held a gong ceremony to mark the listing of Big Bird Foods Limited...

Published 10 Aug, 2024 06:51am

Companies

Ignite signs agreement with Netsol Technologies-led consortium to operate NIC Lahore

LAHORE: In a major boost for Pakistan’s burgeoning technology and startup ecosystem, Ignite - National Technology...

Published 10 Aug, 2024 06:51am

Companies

Faysal Bank wins at ICAP DTA’24

KARACHI: Faysal Bank Limited (FBL) announces its recent triumph at the Digital Technology Awards 2024, hosted by the...

Published 10 Aug, 2024 06:51am

Money & Banking

JS Bank honoured

KARACHI: JS Bank has been awarded the Leading Digital Bank accolade at the CxO Elevate 2024 Awards. In addition, JS...

Published 10 Aug, 2024 06:51am

Stocks

Wall St wavers as volatile week draws to a close

NEW YORK: Wall Street’s main indexes swung between gains and losses on the last day of a tumultuous week that...

Updated 10 Aug, 2024 08:03am

Stocks

European shares jump, weather turbulence to eke out weekly gain

FRANKFURT: Europe’s main index rose on Friday, with a continued boost from healthcare stocks, logging gains for a...

Updated 10 Aug, 2024 08:04am

Money & Banking

Asian currencies: S Korean won jumps up to 1pc

BENGALURU: Equities in Asian emerging markets advanced on Friday, eyeing a positive end to an otherwise rough week ...

Updated 10 Aug, 2024 08:05am

Stocks

Nikkei ends higher as US jobs data calms recession fears

TOKYO: Japan’s Nikkei rose on Friday, as a bigger-than-expected drop in US unemployment claims assuaged fears of a...

Updated 10 Aug, 2024 08:08am

Companies

Telenor Velocity, GSMA form alliance to empower startups

ISLAMABAD: Telenor Velocity, Telenor Pakistan’s premier startup accelerator, has formed a strategic alliance with...

Updated 10 Aug, 2024 08:09am

Constitution abrogated by passing Election Amendment Act: Barrister Saif

PESHAWAR: Khyber Pakhtunkhwa Information Advisor Barrister Saif said on Friday that the government had abrogated the...

Updated 10 Aug, 2024 08:16am

Commodities

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.10
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
Nasdaq / Dec 23	19,764.89
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77
India Sensex / Dec 24	78,616.57
Tokyo Nikkei / Dec 24	39,036.85
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,130.86

Item	Value
Gold 10 Grams PKR / Dec 23	241,087.80
Petrol/Litre / Dec 24	252.10
Crude Oil USD/Barrel / Dec 24	69.54
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold Spot USD/Ounce / Dec 24	2,618.54
Diesel/Litre / Dec 24	255.38

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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