News Archives for Print - 2024-08-12

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Print - 2024-08-12

Middle East

Iran’s president picks a pragmatic as top diplomat in proposed cabinet

DUBAI: Iran’s new president presented his cabinet to parliament on Sunday for a vote of confidence, state media...

Published 12 Aug, 2024 08:19am

Africa

Rwanda’s Kagame sworn in for fourth term

KIGALI: Rwanda’s all-powerful President Paul Kagame was sworn in on Sunday for a fourth term after sweeping to...

Published 12 Aug, 2024 08:16am

The Weather

KARACHI: The weather report on Sunday (August 11, 2024) and the forecast for Monday (August 12, 2024)....

Published 12 Aug, 2024 08:12am

Stocks

Most Gulf markets gain on positive data

DUBAI: Stock markets in the Middle East ended higher on Sunday, boosted by positive economic data the previous week...

Published 12 Aug, 2024 06:36am

China supports Iran in defending security

BEIJING: China supports Iran in defending its “sovereignty, security and national dignity”, Chinese foreign...

Published 12 Aug, 2024 06:36am

BD cricket team due today

LAHORE: The Bangladesh men’s cricket team is arriving here on August 13, to have training at the Gaddafi Stadium...

Published 12 Aug, 2024 06:36am

Sehgal draws admiration, wins accolades

ISLAMABAD: Named “Terms of Frustration”, “Dreams and the Reality”, and “The Kakar Model” in Ikram...

Updated 12 Aug, 2024 08:49am

PDMA Punjab issues alert

LAHORE: In view of the rain in various districts of Punjab including Lahore, PDMA Punjab has issued an alert. In ...

Published 12 Aug, 2024 06:36am

Ban imposed on ‘baajas’ in Islamabad

ISLAMABAD: Despite the ban on the sale of ban on the sale of baajas (horns) in Islamabad, the stalls selling...

Published 12 Aug, 2024 06:36am

Maryam’s vision for minority prosperity: From margins to mainstream

LAHORE: Throughout its history, Pakistan has made significant strides in uplifting religious minorities, striving to...

Published 12 Aug, 2024 06:36am

Closing ceremony of 28th Chief of the Naval Staff Open Golf Championship held

KARACHI: Ahmed Baig of Royal Palm Golf Club finally clinched the title of 28th CNS Open Golf Championship 2024 while...

Published 12 Aug, 2024 06:36am

‘Govt should ensure proper garbage collection’

KARACHI: Despite spending billions of rupees every year, the solid waste disposal is still a nightmare for Karachi...

Published 12 Aug, 2024 06:36am

CM felicitates Fatima on success in 9th exams

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif congratulated Fatima Saeed a talented female student belonging to...

Published 12 Aug, 2024 06:36am

Free of charge online visa for Turkish nationals

ISLAMABAD: Pakistan will start offering free of cost online visa to Turkish nationals from Wednesday. This was...

Updated 12 Aug, 2024 08:41am

Rights of minorities: Tarar vows to raise his voice at every forum

LAHORE: Federal Minister for Information and Broadcasting Atta Ullah Tarar here on Sunday vowed to raise his voice ...

Updated 12 Aug, 2024 07:40am

PHA to celebrate Independence Day with fireworks, illuminations

LAHORE: Parks and Horticulture Authority (PHA) will set the sky alight with fireworks and illuminations at...

Published 12 Aug, 2024 06:36am

Minorities’ Day marked: President, PM hail the role of minorities in national development

ISLAMABAD: President Asif Ali Zardari and Prime Minister Shehbaz Sharif have hailed the services of minorities in...

Updated 12 Aug, 2024 07:42am

Top tourist destinations: Call for promotion of recreational fisheries

PESHAWAR: Experts and stakeholders of the fisheries and aquaculture sector have stressed the need for the promotion...

Published 12 Aug, 2024 06:36am

Leishmaniosis: KP scientists discover indigenous drug for treatment

PESHAWAR: A duo scientists in medicine have succeeded to prepare an indigenous drug for treatment of Cutaneous...

Published 12 Aug, 2024 06:36am

KKKU holds conference on physics and chemistry

PESHAWAR: A two-day National Conference titled ‘Exploration of Physics and Chemistry for uplifting of local...

Published 12 Aug, 2024 06:36am

Naya Nazimabad Jashan Azadi Sports Festival begins

KARACHI: To celebrate Pakistan’s 77th Independence Day in a grand manner, a sports festival has been started in...

Published 12 Aug, 2024 06:36am

Date Palm Festival begins: ‘Modern strategies are required to overcome challenges in production’

HYDERABAD: Modern strategies required to overcome challenges in date production, experts said at Date Palm Festival...

Published 12 Aug, 2024 06:36am

River Chenab may experience medium flood: FFC

ISLAMABAD: The Federal Flood Commission (FFC) has said that medium flood is expected in River Chenab and medium to...

Published 12 Aug, 2024 06:36am

Govt to alter gas supply priority order

Captive industry to be treated at par with CNG sector

Updated 12 Aug, 2024 03:04pm

Kohala HPP: FC date will be extended

ISLAMABAD: The government is all set to extend Financial Close (FC) date of 1124-MW Kohala Hydropower Project under...

Updated 12 Aug, 2024 03:05pm

‘Adventure in the nature of trade’: Burden of proof for taxing lies with FBR: ATIR

ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) has ruled that the burden of proof lies with the Federal Board...

Updated 12 Aug, 2024 09:21am

PM reaffirms commitment to safeguarding rights of minorities

LAHORE: On the National Minorities Day, Prime Minister Shehbaz Sharif has reaffirmed the government’s commitment to...

Updated 12 Aug, 2024 08:43am

Rates

PSX closes on positive note

KARACHI: Pakistan Stock Exchange remained under pressure during the early part of the week due to selling however...

Published 12 Aug, 2024 06:36am

Rates

Futures spread up 292bps

Trading...

Published 12 Aug, 2024 06:36am

FoodAges secures $1.2bn deals

KARACHI: The 2nd International Food and Agriculture Exhibition “FoodAg-2024”, organised by Trade Development...

Updated 12 Aug, 2024 03:04pm

Rates

Marginal decline

KARACHI: The rupee closed another week with a marginal decline as it lost Re0.05 or 0.02% against the US dollar. The...

Published 12 Aug, 2024 06:36am

Payments to BISP beneficiaries now through banks: Rubina

PESHAWAR: Chairperson Benazir Income Support Program (BISP) Senator Rubina Khalid has said that BISP has introduced ...

Published 12 Aug, 2024 06:36am

Adhering to the constitution only path forward for Pakistan: Khaqan

KARACHI: Former prime minister Shahid Khaqan Abbasi, who along with former finance chief Miftah Ismail has recently...

Updated 12 Aug, 2024 11:01am

JI says will launch nationwide protest if govt fails to honour agreement

LAHORE: Jamaat-e-Islami has issued a stern warning that if the government does not adhere to the agreement made with...

Published 12 Aug, 2024 06:36am

Lieutenant Uzair succumbed to injuries

ISLAMABAD: Pakistan Army’s Lieutenant Uzair Mehmood Malik succumbed to his injuries and embraced martyrdom at a...

Published 12 Aug, 2024 06:36am

Azma Bokhari steps up criticism of KP govt

LAHORE: Information Minister Punjab Azma Bokhari has said that those whose hospitals, universities, and colleges are...

Published 12 Aug, 2024 06:36am

Partly Facetious: Arshad Nadeem has done this country proud

“The nation heard of one joyous event after….after years.” “Notification Maryam Nawaz’s chief of army staff uniform...

Updated 12 Aug, 2024 07:16am

Jubilation all around as Arshad reaches Mian Channu

MIAN CHANNU: Arshad Nadeem, a javelin thrower, who made the nation proud by becoming the first Pakistani to have won...

Published 12 Aug, 2024 06:36am

Stocks

Sri Lankan shares inch up as utilities stocks rise

BENGALURU: Sri Lankan shares settled higher on Friday, fueled by gains in utilities stocks. The CSE All-Share index...

Published 12 Aug, 2024 06:36am

Stocks

Australian stocks posts worst week since mid-April

SYDNEY: Australian shares rose on Friday, as miners and banks led a broad-based rally, but that was not enough to...

Published 12 Aug, 2024 06:36am

Stocks

Wall Street Week Ahead: Rollercoaster week in US stocks leaves investors braced for bumps ahead

NEW YORK: A week of wild market swings has investors looking ahead to inflation data, corporate earnings and...

Published 12 Aug, 2024 06:36am

Stocks

Indian shares trim weekly losses as US data allays slowdown fears

BENGALURU: Indian shares ended higher on Friday, narrowing their weekly losses sparked by a brutal sell-off earlier...

Published 12 Aug, 2024 06:36am

Tarbela Dam reaches maximum capacity level

LAHORE: The water level at the major reservoir Tarbela Dam is fast approaching the maximum conservation level due to...

Published 12 Aug, 2024 06:36am

Khalid Maqbool meets Zardari, discusses political situation

ISLAMABAD: Muttahida Qaumi Movement Pakistan (MQM-P) head Khalid Maqbool Siddiqui called on President Asif Ali...

Published 12 Aug, 2024 06:36am

FIA arrests six passengers with fake European visas

LAHORE: The Federal Investigation Agency (FIA) Immigration Unit conducted a successful operation at Islamabad...

Published 12 Aug, 2024 06:36am

Minority communities: Armed forces extend warm felicitations

ISLAMABAD: The Armed Forces of Pakistan, the Chairman Joint Chiefs of Staff Committee, and the Services Chiefs ...

Published 12 Aug, 2024 06:36am

15 new schemes prepared by WASA Faisalabad under ADP: FDA

FAISALABAD: Director General FDA Mohammad Asif Chaudhry has said that 15 new schemes have been prepared by WASA...

Published 12 Aug, 2024 06:36am

Minorities Day: Punjab Assembly holds special session

LAHORE: In order to celebrate ‘National Minorities Day’, the Punjab Assembly made history by convening a special...

Published 12 Aug, 2024 06:36am

Pakistan condemns Israeli attack on Gaza’s school

ISLAMABAD: Pakistan condemned in the strongest possible terms the Israeli attack on Al-Tabeen School in eastern Gaza...

Published 12 Aug, 2024 06:36am

PAD launches crackdown against fake, adulterated pesticides

LAHORE: Punjab Agriculture and Livestock launched aggressive crackdown against fake and adulterated pesticides is...

Published 12 Aug, 2024 06:36am

Pakistani, Chinese cos to launch new electric motorcycle with swappable batteries

ISLAMABAD: In a significant development towards sustainable transportation, Pakistani and Chinese enterprises have...

Published 12 Aug, 2024 06:36am

‘Cos should market their brands to other countries in good manner’

LAHORE: Federal Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan said that the...

Updated 12 Aug, 2024 08:46am

Increasing Pakistan’s exports: ‘allow increase in forex retention’

KARACHI: Former Chairman of the Pakistan Pharmaceutical Manufacturers’ Association (PPMA) Tauqeer Ul Haq said...

Updated 12 Aug, 2024 10:32am

Pakistan Footwear Material, Machinery Show-2024 held: 20 companies, exporters showcasing their products

LAHORE: The 9th Pakistan Footwear Material and Machinery Show was officially inaugurated on Sunday at a local hotel...

Published 12 Aug, 2024 06:36am

Cotton & Textile

Weekly Cotton Review: Cautious buying brings spot rate down

KARACHI: The cotton market is experiencing a downturn due to the recent rains. The spot rate is decreased by Rs 200...

Published 12 Aug, 2024 06:36am

Inflation decline and no feel-good factor

The July inflation data was released by the Pakistan Bureau of Statistics (PBS) on the 1 of August, showing a ...

Published 12 Aug, 2024 06:36am

Task force on IPPs: another wild goose chase?

The formation of the Energy Task Force on Independent Power Producers (IPPs) appears to be a distraction from the...

Published 12 Aug, 2024 06:36am

Senate panel’s skepticism

EDITORIAL: The Senate Functional Committee on Devolution presided over by Dr Zarqa Suharwardy Taimur expressed...

Updated 12 Aug, 2024 07:23am

Shifting to Thar coal

EDITORIAL: How on earth is Pakistan going to convince Chinese power plants – in Sahiwal, Port Qasim and Hub, with ...

Published 12 Aug, 2024 06:36am

Letters

‘Israel and allies are after bigger trophies…’

The following is apropos two back-to-back letters titled “Israel and allies are after bigger trophies” carried ...

Published 12 Aug, 2024 06:36am

Commodities

Prices of kitchen items remain high

PESHAWAR: Prices of important kitchen items like live chicken/meat, vegetables, cooking oil/ghee, flour, pulses and...

Published 12 Aug, 2024 06:36am

Cost-of-living crisis lingers on despite declines in inflation

High prices of essential goods and services have become a pressing issue for the poor and vulnerable in Asia and the...

Published 12 Aug, 2024 06:36am

Traders reject advance income tax collection

PESHAWAR: Traders community rejected advance income tax collection and termed it anti-businesses. Traders said they...

Updated 12 Aug, 2024 09:25am

Business is not the government’s business

According to a World Bank assessment, Pakistan’s state-owned enterprises (SOEs) exhibit the lowest profitability...

Published 12 Aug, 2024 06:36am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday August 11, 2024

Published 12 Aug, 2024 06:36am

BMP underscores need for taking steps to achieve export target

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel has stressed the need for...

Updated 12 Aug, 2024 09:19am

MENA

Running Kibsons International: Pakistan-origin Halima Jumani has become a prominent member of Dubai’s business community

Dubai: Halima Jumani, the CEO of Kibsons International, has over 25 years of experience with the company that has...

Published 12 Aug, 2024 06:36am

Money & Banking

Rouble weakens amid stronger demand for foreign currency

MOSCOW: The Russian rouble weakened against the dollar on Friday as demand for foreign currency edged up, with some...

Published 12 Aug, 2024 06:36am

Money & Banking

Sterling on track for 4-week of decline versus dollar

LONDON: The British pound steadied against the dollar on Friday but was set for its fourth consecutive week of...

Published 12 Aug, 2024 06:36am

Money & Banking

China’s yuan ticks up after CPI rise

SHANGHAI: China’s yuan advanced slightly against the US dollar on Friday, after data showed the country’s...

Published 12 Aug, 2024 06:36am

Money & Banking

Indian rupee ends little changed

MUMBAI: The Indian rupee logged its sixth straight weekly fall but ended little changed on Friday, as corporate...

Published 12 Aug, 2024 06:36am

‘Azadi Float’ arrives at Gujar Khan

LAHORE: ‘Azadi Float’ after departing from Rawalpindi on the morning of the first day of its journey on Sunday,...

Updated 12 Aug, 2024 08:09am

South Asia

India regulator rejects bias in Adani probe

MUMBAI: India’s market regulator chief rejected Sunday allegations by US short-seller Hindenburg Research that...

Updated 12 Aug, 2024 08:12am

Son of Hasina warns of ‘chaos’ without swift polls

South Asia

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
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

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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