News Archives for Print - 2024-08-15

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Print - 2024-08-15

CJ hoists flag on LHC building

LAHORE: Acting Chief Justice Abid Aziz Sheikh on Wednesday hoisted the national flag on the Lahore High Court...

Published 15 Aug, 2024 08:19am

Maryam attends flag-hoisting ceremony at Lahore Fort

LAHORE: Like other parts of the country, Independence Day was marked across Punjab on Wednesday with a renewed ...

Published 15 Aug, 2024 08:19am

CJCSC, Services Chiefs and armed forces greet the nation

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

Published 15 Aug, 2024 08:16am

Governor emphasizes positive role for country's uplift

LAHORE: Punjab Governor, Sardar Saleem Haider Khan hoisted national flag in a solemn ceremony held here at Governor...

Published 15 Aug, 2024 08:13am

Educational institutions of Lahore celebrate Independence Day

LAHORE: Like other segments of the society, the educational institutions of Lahore on Monday celebrated the 78th...

Published 15 Aug, 2024 08:11am

Murad launches 10-day polio drive targeting over 1m children

KARACHI: Sindh Chief Minister Syed Murad Ali Shah launched a crucial 10-day polio eradication campaign aimed at...

Published 15 Aug, 2024 08:10am

PNSC celebrates Independence Day

KARACHI: The 78th Independence Day of Pakistan was celebrated in the institution organised by Pakistan National...

Published 15 Aug, 2024 08:07am

‘Independence struggle goes on’, says Justice Kayani

ISLAMABAD: To mark the country’s Independence Day, a flag-hoisting ceremony was held at the premises of Islamabad...

Published 15 Aug, 2024 08:06am

NBP celebrates 78th Independence Day with great patriotism

KARACHI: National Bank of Pakistan (NBP) celebrated the 78th Independence Day of Pakistan with great enthusiasm and...

Published 15 Aug, 2024 08:04am

Companies

JazzCash President accepted into Forbes Finance Council

ISLAMABAD: Murtaza Ali, President of JazzCash, Pakistan’s largest fintech platform, has been accepted into the...

Published 15 Aug, 2024 08:02am

Energy

2020 IPP report’s recommendations: Power sector circles for implementation

LAHORE: The power sector circles have demanded transparency and accountability in Pakistan’s power sector by...

Updated 15 Aug, 2024 03:17pm

Imam Masjid-i-Nabvi (PBUH) leaves for KSA

LAHORE: Dr Salah Bin Mohammad Al-Budair, the imam (prayer leader) of Masjid-i-Nabvi (PBUH) Wednesday left here for...

Published 15 Aug, 2024 07:47am

77th Independence Day celebrated across KP

PESHAWAR: 77th Independence Day of Pakistan was celebrated with national zeal and spirit across Khyber Pakhtunkhwa ...

Published 15 Aug, 2024 07:41am

Independence Day celebrations held at historical places across Punjab

LAHORE: The Punjab Archaeology Department organized celebrations and events at historical places across the Punjab ...

Published 15 Aug, 2024 07:27am

Pakistan HC celebrates Independence Day in London

ISLAMABAD: Pakistan High Commission in London celebrated the Independence Day with traditional zeal and enthusiasm...

Published 15 Aug, 2024 07:20am

PTI holds rallies for ‘real independence’

LAHORE: Pakistan Tehreek-e-Insaf (PTI) staged dozens of big and small rallies on the eve of the 77th Independence ...

Published 15 Aug, 2024 07:17am

PARTLY FACETIOUS: Mainstream media and social media

“What is the difference in the speed of dissemination between mainstream media and social media?” “Before I ...

Published 15 Aug, 2024 06:46am

Stocks

STOXX 600 climbs as upbeat earnings buoy travel and leisure

FRANKFURT: Europe’s main stocks index rose on Wednesday, boosted by travel and leisure and financial shares, with...

Published 15 Aug, 2024 05:59am

Stocks

Wall Street struggles for direction as Alphabet falls

NEW YORK: Wall Street’s main indexes were mixed on Wednesday, as Alphabet slid and as signs of moderating ...

Published 15 Aug, 2024 05:59am

Stocks

FTSE 100 ends higher as softer CPI boosts rate optimism

LONDON: London stocks ended higher after advancing for a fourth straight session on Wednesday as soft consumer ...

Published 15 Aug, 2024 05:59am

Stocks

China stocks down to 6-month low after lending data tumbles

SHANGHAI: China stocks slipped to their weakest levels in six months on Wednesday after data showed lending by the...

Published 15 Aug, 2024 05:59am

Stocks

Nikkei ends higher

TOKYO: Japan’s Nikkei share average rose on Wednesday as investors weighed news that Japan’s prime minister will...

Published 15 Aug, 2024 05:59am

Stocks

Gulf markets rise amid global stock rally

DUBAI: Stock markets in the Gulf tracked global shares to end higher on Wednesday, after the US producer price data...

Published 15 Aug, 2024 05:59am

Embassy of Pakistan hosts flag-hoisting ceremony in Kabul

ISLAMABAD: The Embassy of Pakistan in Kabul hosted a flag-hoisting ceremony on the occasion of Pakistan’s 78th...

Published 15 Aug, 2024 05:59am

PTI says will hold rallies in Islamabad, Lahore, and Karachi

BUNER: Pakistan Tehreek-e-Insaf (PTI) on Wednesday announced that it will hold public gatherings in three major...

Published 15 Aug, 2024 05:59am

Energy

PRIED’s study; ‘Include external costs to accurately price Thar coal power’

KARACHI: The Thar coal is being promoted as cheap local fuel for future, however there are huge socio-environmental...

Published 15 Aug, 2024 05:59am

Letters

Escalating political temperature…

During my close association with various governments, including those of PML(N), PPP, martial law regimes, and PTI, ...

Published 15 Aug, 2024 05:59am

Middle class is in deep recession

What good is a 3.2 percent GDP growth rate next year and inflation dropping below 10 percent in FY25 to someone...

Updated 15 Aug, 2024 06:52am

Custodial death, rape cases: ‘Registration of FIR does not trump proceedings’: LHC

LAHORE: The Lahore High Court (LHC) held the other day that a complaint with the Federal Investigation Agency (FIA)...

Published 15 Aug, 2024 05:59am

SAFMA organizes seminar on ‘Future Vision of South Asia’

LAHORE: The South Asian Free Media Association (SAFMA) organized a seminar titled "Future Vision of South Asia" on...

Published 15 Aug, 2024 05:59am

SNGPL, LCCI, NESPAK celebrate Independence Day

LAHORE: Sui Northern Gas Pipelines Limited (SNGPL) organized a flag hoisting ceremony at Head Office in Lahore to...

Published 15 Aug, 2024 05:59am

SSUET celebrates Independence Day with patriotic zeal

KARACHI: Sir Syed University of Engineering & Technology (SSUET) celebrated Pakistan Independence Day with...

Published 15 Aug, 2024 05:59am

SU marks Independence Day with national spirit

HYDERABAD: The University of Sindh Jamshoro and its campuses celebrated Pakistan’s 77th Independence Day with...

Published 15 Aug, 2024 05:59am

Wapda, NTDC celebrate Independence Day with zeal

LAHORE: The Water and Power Development Authority (Wapda) and the National Transmission and Despatch Company Limited...

Published 15 Aug, 2024 05:59am

Ukrainian army ‘moving further’ into Russia: Zelensky

KYIV: President Volodymyr Zelensky said on Wednesday that Ukrainian troops are “moving further” into Russia, as...

Published 15 Aug, 2024 05:59am

Nepal approves long-delayed war crimes bill

KATHMANDU: Nepal’s parliament approved Wednesday long-delayed amendments to the transitional justice act aimed at...

Published 15 Aug, 2024 05:59am

NDMA issues new flood warning

ISLAMABAD: The National Disaster Management Authority (NDMA) has issued a new flash and urban flood warning as the...

Published 15 Aug, 2024 05:59am

Child killed, 95 injured due to firing in air in Karachi

KARACHI: At least 95 people were injured and a child was killed as a result of celebratory firing in air in Karachi...

Updated 15 Aug, 2024 08:38am

NA panel summons PTA head over social media disruption

ISLAMABAD: The National Assembly’s Standing Committee on IT has sought an explanation from Chairman of the Pakistan...

Updated 15 Aug, 2024 09:23am

4 soldiers martyred; 6 Khwarij ‘sent to hell’

ISLAMABAD: On night of 12/13 August 2024, fire exchange took place between the security forces and Khwarij in South...

Updated 15 Aug, 2024 09:24am

Nishan-i-Pakistan announced for Zulfikar Ali Bhutto

ISLAMABAD: President Asif Ali Zardari on Wednesday, on the occasion of Pakistan’s 78th Independence Day, approved...

Updated 15 Aug, 2024 07:17pm

Russia reintroduces ban on petrol exports till year end

MOSCOW: The Russian government announced Wednesday that it was reintroducing a ban on petrol exports for another six...

Updated 15 Aug, 2024 08:38am

UN launches new way to measure nations’ economic vulnerability

UNITED NATIONS: The UN General Assembly on Tuesday officially launched a new data-driven “vulnerability” index that...

Updated 15 Aug, 2024 08:39am

Asia

Japan’s PM Kishida to resign, paving way for new leader

TOKYO: Japan’s Prime Minister Fumio Kishida said on Wednesday he would step down next month, succumbing to public...

Published 15 Aug, 2024 05:59am

The Weather

KARACHI: The weather report on Wednesday (August 14, 2024) and the forecast for Thursday (August 15, 2024)...

Published 15 Aug, 2024 05:59am

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 15 Aug, 2024 05:59am

Europe

Nordic countries join forces to combat spread of Swedish gang crime

STOCKHOLM: Nordic countries will increase police cooperation and form hub in Stockholm in an effort to prevent...

Published 15 Aug, 2024 05:59am

Energy

Slowing global jet fuel consumption adds to oil demand concern

NEW YORK: Global jet fuel demand is poised to soften as a slowdown in consumer spending hits travel budgets, a shift...

Published 15 Aug, 2024 05:59am

Independence Day celebrated: BISP to launch nationwide tree-plantation drive

ISLAMABAD: The Benazir Income Support Programme (BISP) announced to have launched nationwide tree plantation drive ...

Published 15 Aug, 2024 05:59am

PTI leader Aamir Mughal arrested

ISLAMABAD: The Islamabad police on Wednesday arrested Pakistan Tehreek-e-Insaf (PTI) leader Aamir Mughal, who was...

Published 15 Aug, 2024 05:59am

Punjab Assembly celebrates 78th Independence Day

LAHORE: The Punjab Assembly celebrated Pakistan’s 78th Independence Day with a flag-hoisting ceremony, marking the...

Published 15 Aug, 2024 05:59am

Meezan Bank celebrates Independence Day

KARACHI: Meezan Bank marked the country’s 78th Independence Day with great fervour and enthusiasm. The celebrations...

Published 15 Aug, 2024 05:59am

Twin cities: LEAs arrange comprehensive security

ISLAMABAD: The law enforcement agencies on Wednesday made comprehensive security arrangements in twin cities on the...

Published 15 Aug, 2024 05:59am

CPJ denounces Israel’s smearing of killed Palestinian journalists with unsubstantiated ‘terrorist’ labels

NEW YORK: The Committee to Protect Journalists calls on Israel to stop making unproven claims that journalists slain...

Updated 15 Aug, 2024 06:42am

Military, NATO bases in Germany hit by security scares

FRANKFURT: A German military base was sealed off for several hours Wednesday as authorities investigated suspected...

Updated 15 Aug, 2024 06:29am

Middle East

Hamas to stay out of Gaza truce talks, Iran considers Israel attack

CAIRO: The Palestinian group Hamas said on Wednesday it would not take part in a new round of Gaza ...

Updated 15 Aug, 2024 06:39am

Asia

Myanmar junta chief, China FM discuss ‘stability’ as clashes rage

YANGON: Myanmar’s embattled junta chief and China’s foreign minister on Wednesday discussed security along their...

Published 15 Aug, 2024 05:59am

Relentless terrorism

EDITORIAL: Tribal districts of Khyber Pakhtunkhwa (KP) face a resurgent wave of terrorism from Afghanistan-based TTP...

Published 15 Aug, 2024 05:59am

Industry

Circular debt becomes major obstacle to progress: UBG

KARACHI: The circular debt, a persistent and growing challenge for Pakistan’s economy, has reached alarming levels...

Published 15 Aug, 2024 05:59am

Companies

Mars to boost snack portfolio in mega $36bn deal for Pringles maker Kellanova

NEW YORK: Family-owned candy giant Mars is buying Cheez-It maker Kellanova in a nearly $36 billion deal, bringing...

Published 15 Aug, 2024 05:59am

BD turmoil may slow financial reform, weaken banks: S&P

NEW DELHI/DHAKA: Political turmoil in Bangladesh is likely to slow planned financial reforms and has already added...

Published 15 Aug, 2024 05:59am

Money & Banking

Indian rupee gives up nearly all gains against dollar

MUMBAI: The Indian rupee ended nearly flat on Wednesday as US dollar demand from importers and foreign banks eroded...

Published 15 Aug, 2024 05:59am

Money & Banking

Dollar loses ground against euro

NEW YORK: The dollar lost ground against its major peers on Wednesday, helping the euro to an eight-month peak, as...

Published 15 Aug, 2024 05:59am

Money & Banking

China’s yuan firms as US dollar weakness

SHANGHAI: China’s yuan firmed against the US dollar on Wednesday as weakness in the greenback following data...

Published 15 Aug, 2024 05:59am

Money & Banking

Asian currencies: Indonesian rupiah leads gains

BENGALURU: Most Asian currencies and equities rallied on Wednesday after soft US producer prices data stirred hopes...

Published 15 Aug, 2024 05:59am

Money & Banking

Russian rouble rebounds after touching 10-month low

MOSCOW: The Russian rouble rebounded against the dollar on Wednesday after falling for six trading sessions in a row...

Published 15 Aug, 2024 05:59am

Economic stability key to national sovereignty: SBP governor

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmed Wednesday said economic stability is the key to national...

Published 15 Aug, 2024 05:59am

MENA

Nearly 4,000 Pakistan companies join Dubai Chamber of Commerce in six months

This figure puts Pakistan second on list of new non-Emirati companies joining the Dubai body during January-June 2024

Updated 15 Aug, 2024 11:48am

Tajir Dost Scheme: unfriendly response?

EDITORIAL: A Business Recorder exclusive has revealed that 58,000 out of 3.2 million small traders/shopkeepers have...

Updated 15 Aug, 2024 06:56am

US says seeks to deepen partnership

ISLAMABAD: United States Secretary of State Antony Blinken has congratulated Pakistan on its Independence Day and...

Updated 15 Aug, 2024 08:39am

Thai court sacks PM over ethics case

BANGKOK: Thailand’s Constitutional Court sacked Prime Minister Srettha Thavisin on Wednesday, branding him dishonest...

Updated 15 Aug, 2024 09:23am

Cut in WHT lines, implementation of track and trace system: DLIs lagging behind targets, says World Bank

ISLAMABAD: The Disbursement Linked Indicators (DLIs) regarding reduction in withholding tax (WHT) lines and...

Updated 15 Aug, 2024 03:18pm

Transmission sector: World Bank concerned at delay in approval of contract extensions

ISLAMABAD: The World Bank (WB) has expressed concern at the outstanding delays in approvals of extensions in...

Updated 15 Aug, 2024 09:25am

PM says power tariffs to be revised downward soon

Will unveil government’s economic programme to the nation in the next few days

Updated 15 Aug, 2024 10:27am

PTCL Group to provide managed WAN solution to ZTBL nationwide

Companies

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 10	280.65
USD PKR Interbank Buying / Apr 10	280.45
USD to Japanese Yen / Apr 10	143.21
USD to Swiss Franc / Apr 10	0.82
Pound Sterling to USD / Apr 10	1.30
Euro to USD / Apr 10	1.14
UK LIBOR % / Apr 10	4.96

Stock	Volume
S&P 500 / Apr 10	5,268.05
India Sensex / Apr 10	74,762.84
Tokyo Nikkei / Apr 10	33,210.17
Nasdaq / Apr 10	16,387.31
Hang Seng / Apr 10	20,628.55
FTSE 100 / Apr 10	7,913.25
Dow Jones / Apr 10	39,593.66
Germany DAX 30 / Apr 10	20,562.73
France CAC40 / Apr 10	7,126.02

Item	Value
Crude Oil USD/Barrel / Apr 10	59.80
Karachi Cotton PKR/37.32 KG / Apr 10	16,785
Gold 10 Grams PKR / Apr 10	281,893
Gold Spot USD/Ounce / Apr 10	3,217.96
Cotton US¢/pound / Apr 10	67.17
Petrol/Litre / Apr 11	254.63
Diesel/Litre / Apr 11	258.64

Gainers
Losers
Leaders

Stock	Price
Tri-Star Mutual / Apr 10 Tri-Star Mutual Fund Limited(TSMF)	8.10 ▲ 1 (14.08%)
Burj Clean Energy Modaraba / Apr 10 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9 ▲ 1 (12.5%)
Pak Agro Pack. (GEM) / Apr 10 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.85 ▲ 0.79 (11.19%)
Nazir Cotton Mills / Apr 10 Nazir Cotton Mills Limited(NCML)	11.84 ▲ 1.08 (10.04%)
Pak Gulf Leasing / Apr 10 Pak-Gulf Leasing Company Limited(PGLC)	17.79 ▲ 1.62 (10.02%)
Frontier Ceram / Apr 10 Frontier Ceramics Limited(FRCL)	24.59 ▲ 2.24 (10.02%)
Tandlianwala Sugar / Apr 10 Tandlianwala Sugar Mills Limited(TSML)	73.99 ▲ 6.73 (10.01%)
Sanghar Sugar / Apr 10 Sanghar Sugar Mills Limited(SANSM)	53.19 ▲ 4.84 (10.01%)
Sui South Gas / Apr 10 Sui Southern Gas Company Limited(SSGC)	39.13 ▲ 3.56 (10.01%)
Air Link Com. / Apr 10 Air Link Communication Limited(AIRLINK)	173.15 ▲ 15.74 (10%)

Stock	Price
JS Mom. Factor ETF / Apr 10 JS Momentum Factor ETF(JSMFETF)	11.69 ▼ -1.58 (-11.91%)
Premier Sugar / Apr 10 The Premier Sugar Mills(PMRS)	324 ▼ -36 (-10%)
Fateh Ind. / Apr 10 Fateh Industries Limited(FIL)	121.01 ▼ -11.82 (-8.9%)
Pak. P.V.C. / Apr 10 Pakistan PVC Limited(PPVC)	8.26 ▼ -0.74 (-8.22%)
Sardar Chemical / Apr 10 Sardar Chemical Industries Limited(SARC)	32.25 ▼ -2.41 (-6.95%)
Tri-Star Power / Apr 10 Tri-Star Power Limited(TSPL)	6.62 ▼ -0.42 (-5.97%)
Elahi Cot. / Apr 10 Elahi Cotton Mills Limited(ELCM)	128.80 ▼ -7.6 (-5.57%)
Gulshan Sp. / Apr 10 Gulshan Spinning Mills Limited(GSPM)	3.11 ▼ -0.18 (-5.47%)
Pak Gen.Ins. / Apr 10 The Pakistan General Insurance Co. Ltd.(PKGI)	9 ▼ -0.48 (-5.06%)
United Brands / Apr 10 United Brands Limited(UBDL)	22.09 ▼ -1.14 (-4.91%)

Stock	Volume
Cnergyico PK / Apr 10 Cnergyico PK Limited(CNERGY)	86,201,675 ▲ 0.18
K-Electric Ltd. / Apr 10 K-Electric Limited(KEL)	57,719,498 ▲ 0.34
Sui South Gas / Apr 10 Sui Southern Gas Company Limited(SSGC)	44,728,211 ▲ 3.56
Pak Int.Bulk / Apr 10 Pakistan International Bulk Terminal(PIBTL)	37,513,715 ▲ 0.76
Maple Leaf Cement / Apr 10 Maple Leaf Cement Factory Limited(MLCF)	20,991,880 ▲ 0.92
PIA Holding Co.Ltd / Apr 10 PIA Holding Company Limited(PIAHCLA)	20,463,930 ▼ -0.11
Pak Elektron / Apr 10 Pak Elektron Limited(PAEL)	20,122,690 ▲ 4.08
Fauji Cement / Apr 10 Fauji Cement Company Limited(FCCL)	19,229,506 ▲ 0.12
At-Tahur Ltd. / Apr 10 At-Tahur Limited(PREMA)	19,056,551 ▲ 3.8
WorldCall Telecom / Apr 10 Worldcall Telecom Limited(WTL)	16,620,477 ▲ 0.03

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