News Archives for Print - 2024-08-13

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Print - 2024-08-13

No need to form judicial commission on May 9 incidents: Azma

LAHORE: Punjab Information Minister Azma Bokhari stated that there is no need to form a judicial commission to...

Published 13 Aug, 2024 08:19am

PML-N govt believes in giving opportunities to youth: CM

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif said on Monday the PML-N government believes in giving...

Published 13 Aug, 2024 08:17am

NUST awarded special technology zone’s status

ISLAMABAD: In a landmark development, the National University of Sciences & Technology (NUST) has been awarded...

Published 13 Aug, 2024 08:05am

Transition towards cashless society to drive financial inclusion: Ali Irfan

ISLAMABAD: The transition towards a cashless society can significantly impact Pakistan’s economy by reducing the...

Published 13 Aug, 2024 08:02am

Aurangzeb briefs PepsiCo CEOs on economic uplift

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday briefed the CEOs of PepsiCo...

Published 13 Aug, 2024 07:59am

The Weather

KARACHI: The weather report on Monday (August 12, 2024) and the forecast for Tuesday (August 13, 2024)...

Published 13 Aug, 2024 07:02am

Zardari vows to extend all possible facilitation to minorities in all sectors

ISLAMABAD: President Asif Ali Zardari said all possible facilitation should be extended to the minorities in all...

Published 13 Aug, 2024 07:02am

Minorities’ issues: Panel decides to summon IGPs of four provinces

ISLAMABAD: As the government openly admits that the state has failed in the protection of minorities in Pakistan, a...

Published 13 Aug, 2024 07:02am

Directors, chairmen on ZTBL, NTDC boards: CCoSOEs approves appointment of candidates

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) at Finance Division on Monday approved...

Published 13 Aug, 2024 07:02am

PTI demands notification for next CJP

ISLAMABAD: Amid speculations of tenure extension to Chief Justice Qazi Faez Isa, the opposition Pakistan...

Published 13 Aug, 2024 07:02am

President announces 90-day remission for prisoners

ISLAMABAD: President Asif Ali Zardari on Monday announced granting a special 90-day remission of sentence for the...

Published 13 Aug, 2024 07:02am

Child malnutrition: Blome hands over food consignment

KARACHI: The US Ambassador to Pakistan, Donald Blome, has said that the USA will continue to stand with Pakistan and...

Published 13 Aug, 2024 07:02am

Middle East

Netanyahu, defence minister trade barbs over Gaza war aims

OCCUPIED JERUSALEM: Israeli Prime Minister Benjamin Netanyahu traded barbs with his defence minister on Monday,...

Published 13 Aug, 2024 07:02am

UK, France and Germany ask Iran to refrain from attacks against Israel

BENGALURU: The United Kingdom, France and Germany called on Iran and its allies to refrain from attacks against...

Published 13 Aug, 2024 07:02am

Europe

Eleven-year-old girl stabbed in London’s Leicester Square

LONDON: An 11-year-old girl was seriously injured in a stabbing in London’s Leicester Square on Monday, police ...

Published 13 Aug, 2024 07:02am

Shaheens to take on Bangladesh ‘A’ in first 4-day today

LAHORE: The Pakistan Shaheens cricket team will face Bangladesh ‘A’ in the first four-day match at the Islamabad...

Published 13 Aug, 2024 07:02am

PCB announces ticket prices for Tests

LAHORE: The tickets for the two-match Test series between Pakistan and Bangladesh will go on sale online from today...

Published 13 Aug, 2024 07:02am

Illegal use of Starbucks’ brand: SC upholds CAT order

ISLAMABAD: The Supreme Court of Pakistan has upheld the Competition Appellate Tribunal’s (CAT) order imposing a...

Published 13 Aug, 2024 07:02am

Patients’ Welfare Association holds seminar

KARACHI: Patients’ Welfare Association arranged a seminar Atiyah-e-Umeed followed by a blood camp at Arts Council...

Published 13 Aug, 2024 07:02am

Agreement inked to develop, implement next-generation LRMIS

LAHORE: LMKR, an information technology company, has signed an agreement with Punjab Urban Land Systems Enhancement...

Published 13 Aug, 2024 07:02am

ATC grants five-day physical remand to Ali Wazir

ISLAMABAD: The Anti-Terrorism Court (ATC), Monday, granted police a five-day physical remand of Pashtun Tahaffuz...

Published 13 Aug, 2024 07:02am

DCs directed to remove encroachments from cities

LAHORE: Chief Secretary Punjab Zahid Akhtar Zaman has directed the administrative officers to permanently remove...

Published 13 Aug, 2024 07:02am

‘No pressure in Sania Zahra’s murder case’

LAHORE: Chairperson of the Social Protection Authority, Hina Pervaiz Butt, stated that forensic tests have confirmed...

Published 13 Aug, 2024 07:02am

ICD organises training for over 150 teachers

KARACHI: Teachers who obtain certification from Cambridge University could soon find employment opportunities in...

Published 13 Aug, 2024 07:02am

JI holds conference to mark Minorities’ Day

KARACHI: Jamaat-e-Islami (JI) Karachi’s minority wing organised a “minority conference” to highlight the...

Published 13 Aug, 2024 07:02am

LCCI organises event to commemorate International Minorities Day

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) organized a special event to commemorate International...

Published 13 Aug, 2024 07:02am

LHC disposes of petition

LAHORE: The Lahore High Court disposed of a petition filed for the recovery of PTI MNA Haji Imtiaz Ahmed after ...

Published 13 Aug, 2024 07:02am

Chicken price fixing: LHC seeks response from respondents by 16th

LAHORE: The Lahore High Court (LHC) on Monday sought response from respondents by August 16 on a petition seeking...

Published 13 Aug, 2024 07:02am

NA Speaker meets Belarusian envoy

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq said that Pakistan and Belarus enjoy cordial relationship...

Published 13 Aug, 2024 07:02am

Progress of BISP skill training plan discussed

ISLAMABAD: Benazir Income Support Programme (BISP) and Punjab Skill Development Fund (PSDF) held a meeting to ...

Published 13 Aug, 2024 07:02am

Rashid predicts technocrats’ govt by Sept 20

RAWALPINDI: Claiming that the days of the present government had been numbered, Awami Muslim League (AML) founder ...

Published 13 Aug, 2024 07:02am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (August 12, 2024). ==================================== BR...

Published 13 Aug, 2024 07:02am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (August 12, 2024). ======================================= Offset...

Published 13 Aug, 2024 07:02am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (August 12, 2024)...

Published 13 Aug, 2024 07:02am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 12, 2024)....

Published 13 Aug, 2024 07:02am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (August 12, 2024)....

Published 13 Aug, 2024 07:02am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (August 12, 2024). ======================== Open Bid Rs...

Published 13 Aug, 2024 07:02am

Forex

Open market rates of foreign currencies

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

Published 13 Aug, 2024 07:02am

Rates

LME official prices

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

Published 13 Aug, 2024 07:02am

Cotton & Textile

Spot rate gains amid slow activity

LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Monday increased the spot rate by Rs 100...

Published 13 Aug, 2024 07:02am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (August 12, 2024)...

Published 13 Aug, 2024 07:02am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 333,499 tonnes of cargo comprising 216,170 tonnes of import cargo and ...

Published 13 Aug, 2024 07:02am

Energy

Oil prices rise on Middle East tension, US data

NEW YORK: Oil prices were up by more than $1 a barrel on Monday, rising for a fifth consecutive session on...

Published 13 Aug, 2024 07:02am

Commodities

Copper rallies ahead of Chinese and US data

LONDON: Copper rose alongside equities on Monday as traders bought back short positions on the expectation of...

Published 13 Aug, 2024 07:02am

Commodities

EU wheat futures drift lower

PARIS: European wheat futures fell on Monday as an Egyptian import tender kept attention on competitive Black Sea...

Published 13 Aug, 2024 07:02am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 16.757 billion...

Published 13 Aug, 2024 07:02am

Commodities

Shanghai rubber futures tick up on firmer oil

SINGAPORE: Chinese rubber futures ticked up on Monday, buoyed by stronger oil prices, although gains were capped as...

Published 13 Aug, 2024 07:02am

Commodities

Malaysian palm oil lower on weak export

BEIJING/SINGAPORE: Malaysian palm oil futures ended lower on Monday, ending a two-session rise as softening exports...

Published 13 Aug, 2024 07:02am

Energy

US natgas hits near 3-week high on output drop

NEW YORK: US natural gas futures rose more than 1% to a near three-week high on Monday, supported by a drop in ...

Published 13 Aug, 2024 07:02am

Commodities

Russian wheat export prices unchanged

MOSCOW: Russian wheat export prices were unchanged last week with market attention turning to the results of the...

Published 13 Aug, 2024 07:02am

Commodities

Gold firms as traders brace for US inflation data

BENGALURU: Gold prices inched higher on Monday on US interest rate cut optimism and brewing geopolitical tensions,...

Published 13 Aug, 2024 07:02am

Stocks

Most Gulf markets gain ahead of US data

DUBAI: Most stock markets in the Gulf closed higher on Monday, in line with global shares, as investors looked ahead...

Published 13 Aug, 2024 07:02am

Stocks

China stocks range-bound as slowdown concerns weigh on sentiment

SHANGHAI: China stocks traded in a narrow range on Monday, even as regional markets advanced, as concerns ...

Published 13 Aug, 2024 07:02am

Stocks

European shares muted as investors brace for data week

FRANKFURT: Europe’s benchmark stock index was subdued on Monday, erasing early gains, with investors bracing for...

Published 13 Aug, 2024 07:02am

Stocks

US stocks waver in lead up to data deluge

NEW YORK: US stocks struggled for direction on Monday as investors braced for a slew of economic data this week with...

Published 13 Aug, 2024 07:02am

PARTLY FACETIOUS: The fault for not welcoming Nadeem Ashraf lay with her dratted tailor

“Can anyone explain the composition of the welcome committee?” “Welcome committee for what occasion? I don’t...

Updated 13 Aug, 2024 07:52am

Commodities

Gold prices steady

KARACHI: The local gold prices remained steady on Monday despite a slight momentum in the global market, traders...

Published 13 Aug, 2024 07:02am

Bring back zero-rating

Should the government ensure implementation of sales tax at the point-of-sale, ~Rs 293 billion in tax revenue could...

Updated 13 Aug, 2024 07:51am

Letters

Israel and allies are after bigger trophies…

This is apropos three letters to Editor titled “Israel and allies are after bigger trophies” carried by the...

Updated 13 Aug, 2024 07:44am

Budgetary outcome in 2023-24

The statistics on the outcome of fiscal operations by the federal and provincial governments in 2023-24 were ...

Updated 13 Aug, 2024 07:40am

The plight of the minorities

August 11, 2024 was ‘celebrated’ as Minorities Day, as has been the custom now since 2009. The date, August 11, was...

Updated 13 Aug, 2024 07:38am

Energy

500 kV Grid Station Sheikhupura: NTDC adds another 250MVA transformer

LAHORE: The National Transmission and Despatch Company Limited (NTDC) has successfully added a 250 MVA...

Published 13 Aug, 2024 07:02am

Significance of green economy highlighted at AFPPD seminar

ISLAMABAD: Speakers at a seminar while highlighting the significance of green economy have said that the green...

Published 13 Aug, 2024 07:02am

IK threatens to launch protests if CJP given extension

ISLAMABAD: The incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan has warned that his party...

Published 13 Aug, 2024 07:02am

One Israeli hostage killed, two women captives wounded

GAZA: One Israeli male hostage was killed by his guard and two women captives were seriously wounded in two separate...

Published 13 Aug, 2024 07:02am

Heat killed nearly 50,000 in Europe in 2023: study

PARIS: High temperatures which scientists say are being worsened by human-driven carbon emissions caused nearly...

Published 13 Aug, 2024 07:02am

Rates

Stocks close deep in the red

KARACHI: Pakistan Stock Exchange on Monday opened on a positive note, however failed to continue this trend and...

Published 13 Aug, 2024 07:02am

Money & Banking

Asian currencies were mostly lower

BENGALURU: Shares in major Asian emerging economies gained on Monday, while currencies were mostly lower, as markets...

Published 13 Aug, 2024 07:02am

Money & Banking

Yen dips against dollar

NEW YORK: The yen fell against the dollar on Monday in calmer currency market trading after volatile moves last ...

Published 13 Aug, 2024 07:02am

Money & Banking

Indian rupee slips to record closing low

MUMBAI: The Indian rupee slipped to its weakest closing level on Monday, pressured by a decline in its Asian peers...

Published 13 Aug, 2024 07:02am

Money & Banking

Rouble weaker against dollar

MOSCOW: The Russian rouble weakened further against the dollar on Monday as Russia evacuated parts of a second ...

Published 13 Aug, 2024 07:02am

Money & Banking

China’s yuan weakens

SHANGHAI: China’s yuan weakened against the US dollar on Monday, in tandem with a softer Japanese yen, but is...

Published 13 Aug, 2024 07:02am

Pakistan, Turkiye agree to elevate trade, investment

ISLAMABAD: Pakistan and Turkiye, on Monday, agreed to further elevate bilateral trade volume and to enhance...

Published 13 Aug, 2024 07:02am

Industry

PCA South uncovers Rs551m EFS scam in textile unit

KARACHI: The Post Clearance Audit (PCA) South has unveiled a colossal fiscal fraud and Export Facilitation Scheme...

Published 13 Aug, 2024 07:02am

Companies

HBL Konnect launches ‘Aur Khelo’ tournament

KARACHI: Konnect by HBL (Konnect), the Bank’s branchless banking platform, leads the Esports scene in Pakistan ...

Published 13 Aug, 2024 07:02am

CM visits IMC’s manufacturing facility at PQA

KARACHI: Chief Minister of Sindh Syed Murad Ali Shah visited Indus Motor Company’s manufacturing facility at Port...

Published 13 Aug, 2024 07:02am

Risk coverage increased for SMEs’ growth

KARACHI: In line with the Government’s efforts to give impetus to the SME sector, the State Bank of Pakistan (SBP)...

Published 13 Aug, 2024 07:02am

Minister, envoy to Russia discuss ways to bolster trade ties

ISLAMABAD: Muhammad Khalid Jamali, Pakistan’s Ambassador to Russia met with Federal Minister for Commerce Jam ...

Published 13 Aug, 2024 07:02am

$2.4bn wiped off Adani shares after Hindenburg allegations

BENGALURU: Adani Group, the Indian conglomerate rocked by a Hindenburg Research report last year, faced another ...

Published 13 Aug, 2024 07:02am

Petroleum policy: consistency is the key

EDITORIAL: The energy sector mess in Pakistan has multiple dimensions. One dynamic is falling domestic oil and gas...

Updated 13 Aug, 2024 07:34am

Kinds of security threats

EDITORIAL: Surely, Prime Minister Shehbaz Sharif realises that he’s not the first Pakistani head of government to...

Updated 13 Aug, 2024 07:32am

Industry

PTA keeping mum: govt ramps up digital tracking?

ISLAMABAD: The government has allegedly intensified efforts to monitor internet traffic and social media, which led...

Published 13 Aug, 2024 07:02am

Companies

VLEKTRA bike completes Karachi-Hyderabad journey on single charge

KARACHI: VLEKTRA, the first locally designed EV motorcycle, has completed its Karachi-Hyderabad journey on a single...

Published 13 Aug, 2024 07:02am

China Mobile continues to lead telecom industry

ISLAMABAD: China Mobile International Limited, [China Mobile Communication Corporation (CMCC)] continues to lead the...

Published 13 Aug, 2024 07:02am

Conducive environment urged to boost investment

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that there is a need...

Published 13 Aug, 2024 07:02am

Small traders, industries: FPCCI official flays tax notices

KARACHI: Asif Sakhi, VP FPCCI, has said that the apex body condemns tax notices of Rs60,000 per month to small...

Published 13 Aug, 2024 07:02am

Industry

HCSTSI concerned over impacts of climate change on business

HYDERABAD: Muhammad Farooq Shaikhani, President, Hyderabad Chamber of Small Traders & Small Industry, has voiced...

Published 13 Aug, 2024 07:02am

Foreign investment: SECP session terms investment facilitation crucial

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), in furtherance of its agenda of investment...

Published 13 Aug, 2024 07:02am

Tariff reforms stressed to drive export-led growth

ISLAMABAD: In follow-up of the Prime Minister’s constitution of the Committee on ‘tariff rationalisation for...

Published 13 Aug, 2024 07:02am

US seeks 6m barrels of oil for SPR

WASHINGTON: The US is seeking to buy another 6 million barrels of oil from energy companies to help replenish the...

Published 13 Aug, 2024 07:02am

Energy

Cut in petroleum prices expected

ISLAMABAD: A significant reduction in fuel prices is on the cards for Pakistani consumers. According to preliminary...

Updated 13 Aug, 2024 12:21pm

Taxes

Deterioration of ATIR working: PTBA urges law minister to form oversight body

ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has asked the Minister for Law and Justice to intervene and form...

Published 13 Aug, 2024 07:02am

Trump back on social media site X

WASHINGTON: Republican presidential candidate Donald Trump was back on social media platform X ahead of his...

Updated 13 Aug, 2024 08:41am

Tariff, USD indexation under PPA terms: South Korean co threatens to file global lawsuit

Seeks intervention of Power Division to take appropriate measures to ensure that contractual commitments outlined in the PPA are upheld

Updated 13 Aug, 2024 02:29pm

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 8	281.55
USD PKR Interbank Buying / May 8	281.35
USD to Japanese Yen / May 8	144.45
USD to Swiss Franc / May 8	0.83
Pound Sterling to USD / May 8	1.33
Euro to USD / May 8	1.13
UK LIBOR % / May 6	4.96

Stock	Volume
S&P 500 / May 7	5,631.28
Nasdaq / May 7	17,738.16
Dow Jones / May 7	41,113.97
India Sensex / May 8	80,773.90
Tokyo Nikkei / May 8	36,928.63
Hang Seng / May 8	22,772.13
FTSE 100 / May 8	8,563.33
Germany DAX 30 / May 8	23,254.02
France CAC40 / May 8	7,658.17

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	16,985
Gold 10 Grams PKR / May 7	305,984
Crude Oil USD/Barrel / May 8	58.29
Gold Spot USD/Ounce / May 8	3,339
Cotton US¢/pound / May 8	67.25
Petrol/Litre / May 9	252.63
Diesel/Litre / May 9	256.64

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / May 8 First Elite Capital Modaraba(FECM)	20.44 ▲ 1.86 (10.01%)
PIA Holding Co.B / May 8 PIA Holding Company Limited B(PIAHCLB)	7,032.03 ▲ 639.28 (10%)
Gillette Pak / May 8 Gillette Pakistan Limited(GLPL)	237.19 ▲ 21.56 (10%)
Khyber Textile / May 8 Khyber Textile Mills Limited(KHYT)	668.07 ▲ 60.73 (10%)
Blue-Ex Ltd / May 8 Blue-Ex Limited (GEM)(GEMBLUEX)	48.40 ▲ 4.4 (10%)
Shakarganj / May 8 Shakarganj Limited(SML)	63.25 ▲ 5.75 (10%)
Diamond Ind. / May 8 Diamond Industries Limited(DIIL)	21.69 ▲ 1.93 (9.77%)
Calcorp Ltd / May 8 Calcorp Limited(CASH)	40.74 ▲ 3.58 (9.63%)
Olympia Mills / May 8 Olympia Mills Limited(OML)	41.95 ▲ 3.45 (8.96%)
Shield Corp. / May 8 Shield Corporation Limited(SCL)	287.76 ▲ 23.24 (8.79%)

Stock	Price
Chenab Ltd (Pref) / May 8 Chenab Limited (Pref)(CLCPS)	1.82 ▼ -0.77 (-29.73%)
Dewan Farooque Sp. / May 8 Dewan Farooque Spinning Mills Limited(DFSM)	2.43 ▼ -0.67 (-21.61%)
Grays Leasing / May 8 Grays Leasing Limited(GRYL)	3.79 ▼ -1 (-20.88%)
Cresent Jute / May 8 Crescent Jute Products Limited(CJPL)	2.41 ▼ -0.63 (-20.72%)
Kohinoor Spining / May 8 Kohinoor Spinning Mills Limited(KOSM)	3.94 ▼ -0.93 (-19.1%)
D.S. Ind. Ltd. / May 8 D.S. Industries Limited(DSIL)	3.49 ▼ -0.73 (-17.3%)
Al-Shaheer Corp / May 8 Al Shaheer Corporation Limited(ASC)	5 ▼ -1 (-16.67%)
Chenab Ltd / May 8 Chenab Limited(CHBL)	4.85 ▼ -0.97 (-16.67%)
Tri-Star Power / May 8 Tri-Star Power Limited(TSPL)	5.17 ▼ -0.95 (-15.52%)
First AL-Noor Mod. / May 8 First Al-Noor Modaraba(FANM)	2.33 ▼ -0.42 (-15.27%)

Stock	Volume
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	93,253,525 ▼ -0.12
Kohinoor Spining / May 8 Kohinoor Spinning Mills Limited(KOSM)	28,484,361 ▼ -0.93
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	27,065,550 ▼ -0.3
B.O.Punjab / May 8 The Bank of Punjab(BOP)	26,764,712 ▼ -0.5
Fauji Cement / May 8 Fauji Cement Company Limited(FCCL)	19,664,828 ▼ -2.99
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	19,599,374 ▼ -0.86
Maple Leaf Cement / May 8 Maple Leaf Cement Factory Limited(MLCF)	19,535,579 ▼ -6.22
Sui South Gas / May 8 Sui Southern Gas Company Limited(SSGC)	15,067,745 ▼ -3.25
Pak Int.Bulk / May 8 Pakistan International Bulk Terminal(PIBTL)	14,901,402 ▼ -0.79
Fauji Foods Ltd / May 8 Fauji Foods Limited(FFL)	13,416,966 ▼ -1.33

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