News Archives for Print - 2024-08-16

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Print - 2024-08-16

CPEC should be turned into model green BRI project: PCJCCI

LAHORE: Moazzam Ghurki, President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) stated that GREEN ...

Published 16 Aug, 2024 08:31am

Nationwide tree-plantation drive launched

LAHORE: Punjab Horticultural Authority (PHA), Capital Development Authority (CDA) Islamabad and Cheezious, a Proud...

Published 16 Aug, 2024 08:25am

Taxes

Tax dept has taxed entire undeclared sales shown under ‘amnesty’

LAHORE: The sales tax department has taxed the entire undeclared sales shown in amnesty after the taxpayer failed to...

Published 16 Aug, 2024 08:24am

WCLA launches electric-cart service for tourists

LAHORE: The Walled City of Lahore Authority (WCLA) on Thursday launched electric carts service for the tour of ...

Published 16 Aug, 2024 08:22am

US imposes sanctions targeting Houthi, Hezbollah trade, says Treasury Dept

WASHINGTON: The United States on Thursday issued more sanctions targeting Houthi and Hezbollah trade networks, the ...

Published 16 Aug, 2024 06:56am

Turkey, Iraq sign accord on military, security, counter-terrorism cooperation

ANKARA: Turkey and Iraq have signed a memorandum of understanding on military, security and counter-terrorism...

Published 16 Aug, 2024 06:56am

WHO warns more imported mpox cases likely in Europe soon

COPENHAGEN: The World Health Organization said more imported Clade 1 mpox cases were likely to be confirmed in ...

Published 16 Aug, 2024 06:56am

The Weather

KARACHI: The weather report on Thursday (August 15, 2024) and the forecast for Friday (August 16, 2024)...

Published 16 Aug, 2024 06:56am

PTI leader Hammad Azhar resigns as Punjab president

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Hammad Azhar, who is in hiding, on Thursday announced his...

Published 16 Aug, 2024 06:56am

SC issues show-cause notice to Monal restaurant’s owner

ISLAMABAD: The Supreme Court issued show cause notice to the owner of Monal Restaurant Luqman Ali Afzal for ...

Published 16 Aug, 2024 06:56am

PARTLY FACETIOUS: There are the elites who do a good lobbying job for their own interest

“So the Omni guy Majeed has been given a national award.” “Not yet, but yes he is on the list.” “And the...

Updated 16 Aug, 2024 07:19am

Govt to hire director risk management for DMO

ISLAMABAD: The government on Thursday decided to hire director risk management and other finance and management...

Published 16 Aug, 2024 06:56am

Gen Faiz’s arrest: Tarar says there will be more arrests

LAHORE: Federal Minister for Information and Broadcasting Attaullah Tarar Thursday commended the Pakistan Army’s...

Published 16 Aug, 2024 06:56am

Ministry confirms first suspected case of Mpox

ISLAMABAD: The Ministry of National Health Services and Regulations, Thursday, confirmed first suspected case of...

Published 16 Aug, 2024 06:56am

Natalie assumes charge as Dy Chief of Mission at US Embassy

ISLAMABAD: Natalie A Baker has assumed the charge as Deputy Chief of Mission at US Embassy Islamabad, the embassy...

Published 16 Aug, 2024 06:56am

Thank you and congratulations, Pakistan

What does it say about any person at the helm of Pakistan’s fiscal affairs when the Business Confidence Survey –...

Updated 16 Aug, 2024 10:57am

Govts, militaries, telecommunications, judicial systems face more cyberattacks globally

ISLAMABAD: A global cybersecurity company found that governments, military, telecommunications and judicial systems...

Published 16 Aug, 2024 06:56am

Europe

Ukraine, Russia both claim advances in Kursk region

KYIV: Ukraine on Thursday claimed fresh advances in its cross-border offensive into Russia, where it said it had...

Published 16 Aug, 2024 06:56am

South Asia

Bangladesh mob beats ex-PM’s supporters

DHAKA: Mobs vowing to guard Bangladesh’s student-led revolution roamed the site of a planned rally for ousted...

Published 16 Aug, 2024 06:56am

Middle East

Gaza ceasefire talks resume in Doha as deaths top 40,000

DOHA: The United States hailed a “promising start” to Gaza ceasefire talks Thursday, as pressure mounted for a...

Published 16 Aug, 2024 06:56am

Africa

Mpox killed 548 people in DR Congo since start of 2024

DR CONGO: An mpox outbreak in the Democratic Republic of Congo has killed 548 people since the start of the year,...

Published 16 Aug, 2024 06:56am

Several options for settlement of outstanding amounts against LDI operators under study

ISLAMABAD: The government is contemplating upon several options on settlement of outstanding amounts of around...

Updated 16 Aug, 2024 08:09am

May 9 riots part of ‘larger conspiracy’ to create unrest: Sharjeel

KARACHI: Sindh Senior Minister for Transport Sharjeel Memon said that the May 9 riots were part of a ‘larger...

Published 16 Aug, 2024 06:56am

Rs10bn for Nullahs victims, Rs12.72bn for Hub Canal: Sindh Cabinet approves setting up of ‘EPRA’

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, presiding over a cabinet meeting, approved Rs10 billion for the...

Published 16 Aug, 2024 06:56am

KPT celebrates Independence Day with zeal

KARACHI: Karachi Port Trust (KPT) celebrated 77th Independence Day of Pakistan with national fervour, zeal and...

Published 16 Aug, 2024 06:56am

Adjacent areas of Chenab River: PM issues directives to deal with possible severe flooding

ISLAMABAD: Prime Minister Shehbaz Sharif has directed federal and provincial disaster management authorities and...

Published 16 Aug, 2024 06:56am

JI Karachi chief inaugurates park

KARACHI: City’s chief of Jamaat-e-Islami, Monem Zafar has inaugurated a park entitled “I own Park” in...

Published 16 Aug, 2024 06:56am

Solarization scheme: Gandapur inaugurates online apply system

PESHAWAR: In a groundbreaking initiative aimed at alleviating energy challenges in low-income and remote areas, ...

Published 16 Aug, 2024 06:56am

Independence Day celebrations: JS Bank donates electronic wheelchairs to differently-abled

KARACHI: JS Bank, one of the fastest-growing banks in Pakistan, marked the nation’s 77th Independence Day with a...

Published 16 Aug, 2024 06:56am

BLA terrorists killed Panjgur DC: CM

QUETTA: Informing that Balochistan Liberation Army (BLA) terrorists had killed Panjgur Deputy Commissioner (DC) ...

Published 16 Aug, 2024 06:56am

ICT LG elections: submissions open from today

ISLAMABAD: The submissions for local government elections in the federal capital are opening from today (Friday),...

Published 16 Aug, 2024 06:56am

Production of Mashwani’s brothers: IHC provides another chance to federation

ISLAMABAD: The Islamabad High Court (IHC), on Thursday, provided another opportunity to the federation to produce...

Published 16 Aug, 2024 06:56am

Recovery of Adeel Bhatti: LHC adjourns proceedings till 20th

LAHORE: The Lahore High Court on Thursday adjourned to August 20 the proceedings in a petition filed for recovery of...

Published 16 Aug, 2024 06:56am

Maryam for setting IT hubs in all districts

LAHORE: Punjab Chief Minister Maryam Nawaz has directed the authorities concerned to award prizes to position ...

Published 16 Aug, 2024 06:56am

Companies

SC dismisses appeal: Options Int’l deposits Rs6m penalty into national treasury

ISLAMABAD: Following the Supreme Court of Pakistan, dismissed its appeal, M/s Options International deposited the ...

Published 16 Aug, 2024 06:56am

Blasphemy case: Panel urges apex court to review its verdict

ISLAMABAD: A meeting of a parliamentary panel tasked to discuss the apex court’s verdict in a blasphemy case on...

Published 16 Aug, 2024 06:56am

Naya Nazimabad: Saylani Trust begins building new training facility

KARACHI: The non-profit Saylani Welfare International Trust has announced the construction of School of Emerging...

Published 16 Aug, 2024 06:56am

Seven khwarij gunned down in Kurram IBO

RAWALPINDI: The security forces gunned down seven khawarij during an intelligence-based operation (IBO) conducted in...

Published 16 Aug, 2024 06:56am

Two poachers arrested from bank of River Ravi

LAHORE: As part of a move against the illegal hunting and smuggling of rare and endangered turtles, the Punjab...

Published 16 Aug, 2024 06:56am

COAS hosts reception in honour of ex-servicemen

RAWALPINDI: Chief of the Army Staff General Syed Asim Munir has stressed the fundamental importance of unity and...

Published 16 Aug, 2024 06:56am

South Asia

BD will decide on seeking Hasina’s extradition

DHAKA: As cases rise against her, including murder accusations, Bangladesh will decide whether to ask India to...

Published 16 Aug, 2024 06:56am

Sultan Ali Allana given Nishan-i-Khidmat

KARACHI: President of Pakistan Asif Ali Zardari on the occasion of Pakistan’s 78th Independence Day has approved...

Published 16 Aug, 2024 06:56am

Pakistan: Army arrests three more ex-officers

ISLAMABAD: In relation to the Field General Court Martial (FGCM) of Lieutenant General Faiz Hameed (retired), three...

Published 16 Aug, 2024 06:56am

Nawaz, PM take stock of situation

LAHORE: The Pakistan Muslim League Nawaz (PML-N) held a consultative meeting here on Thursday to take stock of the...

Published 16 Aug, 2024 06:56am

Bajwa removed Faiz at the behest of the Sharifs: IK

ISLAMABAD: The incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan on Thursday said that former...

Published 16 Aug, 2024 06:56am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (August 15, 2024). ==================================== BR...

Published 16 Aug, 2024 06:56am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (August 15, 2024). ======================================= Offset...

Published 16 Aug, 2024 06:56am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 15, 2024)...

Published 16 Aug, 2024 06:56am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 15, 2024)....

Published 16 Aug, 2024 06:56am

Forex

Open market rates of foreign currencies

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

Published 16 Aug, 2024 06:56am

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 16 Aug, 2024 06:56am

Rates

LME official prices

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

Published 16 Aug, 2024 06:56am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PK R28.465...

Published 16 Aug, 2024 06:56am

Energy

China’s July oil refinery output sinks

SINGAPORE: China’s oil refinery output in July fell 6.1% from a year earlier, official data showed on Thursday,...

Published 16 Aug, 2024 06:56am

Cotton & Textile

Modest business on cotton market

LAHORE: The local cotton market on Thursday remained steady and the trading volume remained low. Cotton Analyst...

Published 16 Aug, 2024 06:56am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (August 16, 2024)...

Published 16 Aug, 2024 06:56am

Commodities

Gold rebounds as hopes for US Fed rate cut stay firm

BENGALURU: Gold prices rose on Thursday, a day after US inflation data suggested the Federal Reserve might reduce...

Published 16 Aug, 2024 06:56am

Commodities

Iron ore futures weaker

BEIJING: Iron ore futures prices extended their declines to a fourth straight session on Thursday, hitting their...

Published 16 Aug, 2024 06:56am

Commodities

CBoT soybeans firm

CHICAGO: Chicago soybeans rose on Wednesday, bouncing back on technical trading after hitting another four-year low,...

Published 16 Aug, 2024 06:56am

Commodities

Malaysian palm oil futures up on lower stocks

SINGAPORE: Malaysian palm oil futures closed at their highest level in ten days on Thursday, as falling inventories...

Published 16 Aug, 2024 06:56am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 88,703 tonnes of cargo comprising 73,597 tonnes of import cargo and 15,106...

Published 16 Aug, 2024 06:56am

Commodities

Copper prices climb on technical support, supply risks

LONDON: Copper prices rose to a 10-day high on Thursday, supported by a break above key technical levels and...

Published 16 Aug, 2024 06:56am

Commodities

Japanese rubber futures down

SINGAPORE: Japanese rubber futures dipped on Thursday, snapping a six-day rally as weak economic data from top...

Published 16 Aug, 2024 06:56am

Energy

US natural gas futures rise

NEW YORK: US natural gas futures rose more than 3% on Wednesday, supported by a drop in output and forecasts of...

Published 16 Aug, 2024 06:56am

Letters

Arrest of Lt-Gen Faiz (retd): What’s next?

The arrest news of Faiz Hameed and court martial proceedings against the former DG, ISI, and Corps Commander ...

Updated 16 Aug, 2024 07:28am

Stocks

Japan’s Nikkei rises as solid economic growth

TOKYO: Japan’s Nikkei share average rose on Thursday, as data showed better-than-expected economic growth in the...

Published 16 Aug, 2024 06:56am

Stocks

China stocks end higher on stimulus hopes

SHANGHAI: Mainland China stocks ended higher on Thursday, buoyed by hopes for more stimulus after a string of...

Published 16 Aug, 2024 06:56am

Stocks

Most Gulf markets in black on US rate-cut hopes

DUBAI: Most stock markets in the Gulf ended higher on Thursday after benign US consumer inflation data overnight...

Published 16 Aug, 2024 06:56am

Stocks

European shares led higher by tech, banks as US slowdown fears ease

FRANKFURK: Technology and bank shares led Europe’s benchmark stock index more than 1% higher on Thursday, with ...

Published 16 Aug, 2024 06:56am

Stocks

Wall St charges ahead as retail sales soothe slowdown fears

NEW YORK: Wall Street’s main indexes jumped on Thursday, with the Nasdaq rising 2% after US retail sales data for...

Published 16 Aug, 2024 06:56am

Energy

Chinese solar panels production to begin in Punjab by year end

LAHORE: A Chinese solar energy company is setting up a solar panel manufacturing plant in Punjab and the...

Published 16 Aug, 2024 06:56am

Constitutionalism the only remedy

“Even the most ardent purposivists must first and foremost primarily respect the actual text of a statute and should...

Published 16 Aug, 2024 06:56am

Confronting the crisis: corruption, mismanagement, and the path forward

Corruption stems from the absence or inadequacy of constitutional rule and leads to a breakdown in governance, which...

Published 16 Aug, 2024 06:56am

Commodities

Gold prices fall slightly

KARACHI: The local gold prices on Thursday fell by an inch after the global bullion value hovered near $2450 an...

Published 16 Aug, 2024 06:56am

Stocks

Stocks surge on fresh buying

KARACHI: Pakistan Stock Exchange on Thursday witnessed a bullish trend on the back of fresh buying, mainly by local...

Published 16 Aug, 2024 06:56am

Taxes

Auction for commercial plots: hike in taxes the reason behind lack of investor interest

ISLAMABAD: The Senate Standing Committee on Housing and Works discussed the recent hike in taxes from 43 per cent to...

Published 16 Aug, 2024 06:56am

Taxes

IRS, PCS: FBR seeks asset details of all Grade-17 to -22 officers

ISLAMABAD: The Federal Board of Revenue (FBR) has sought asset details of all Grade-17 to 22 officers of Inland...

Published 16 Aug, 2024 06:56am

Money & Banking

Asian currencies: Philippine peso falls

BENGALURU: The Philippine peso slipped and equities were steady on Thursday after the country’s central bank cut...

Published 16 Aug, 2024 06:56am

Money & Banking

Dollar rises on reassuring data, euro slips

NEW YORK: The dollar rose against the euro on Thursday, pulling the common currency back from a seven-month peak,...

Published 16 Aug, 2024 06:56am

Companies

99 Speed Mart launches $532M IPO

KUALA LUMPUR: Malaysia’s top mini-market chain retailer 99 Speed Mart Retail Holdings on Thursday launched an...

Published 16 Aug, 2024 06:56am

Japan’s economy rebounds in Q2 on consumption uptick

TOKYO: Japan’s economy expanded by a faster-than-expected annualised 3.1% in April-June, rebounding from the...

Published 16 Aug, 2024 06:56am

Support to productive sectors: repercussions

EDITORIAL: Prime Minister Shehbaz Sharif has expressed his administration’s determination to extend the utmost...

Published 16 Aug, 2024 06:56am

Gen Faiz has offended soldiery and propriety?

EDITORIAL: The news spread like the proverbial wildfire as soon as the military’s media wing, the ISPR, announced...

Published 16 Aug, 2024 06:56am

Taxes

Major sales tax fraud unearthed

KARACHI: The Directorate of Internal Audit (Southern Region) has uncovered a major sales tax fraud involving Rs 11.3...

Published 16 Aug, 2024 06:56am

Power costs, import bans and RDs: Jam pledges to address the issues hurting businesses

KARACHI Federal Minister for Commerce, Jam Kamal Khan has pledged the ministry’s full support in addressing the...

Published 16 Aug, 2024 06:56am

July petroleum imports soar 60pc to $1.266bn yoy

ISLAMABAD: Petroleum group imports witnessed 60 percent growth in July 2024 and remained $1.266 billion compared to...

Published 16 Aug, 2024 06:56am

Companies

Mobilink Bank partners with Systems Limited

ISLAMABAD: Pakistan’s leading digital microfinance bank, Mobilink Bank, has partnered with Systems Limited to...

Published 16 Aug, 2024 06:56am

Companies

ADM Group keen to invest $250m for EVs manufacturing: CEO

ISLAMABAD: ADM Group Chief Executive Officer (CEO) Yasir Bhambhani on Thursday said that the ADM Group was keen to...

Published 16 Aug, 2024 06:56am

Taxes

Dr Hamid made new Member Inland Revenue Policy

ISLAMABAD: The government has appointed a seasoned tax official of the Inland Revenue Service Dr Hamid Ateeq Sarwar...

Published 16 Aug, 2024 06:56am

Investment in Pakistan: Govt urged to collaborate with FPCCI

LAHORE: S M Tanveer, Patron-in-Chief of the United Business Group (UBG) and former Punjab Minister, has made a...

Published 16 Aug, 2024 06:56am

Industry

Govt urged to prioritize increasing poultry production

LAHORE: The Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce and Industry...

Published 16 Aug, 2024 06:56am

Banking, financial transactions: Pakistan, Belarus to discuss ways to remove snags

ISLAMABAD: Pakistan and Belarus are set to discuss ways to remove difficulties in financial transactions between the...

Published 16 Aug, 2024 06:56am

Slow internet service affecting business activities badly: KCCI

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while expressing deep...

Published 16 Aug, 2024 06:56am

Tanners Association chief urges govt to review contracts with IPPs

KARACHI: Chairman, Pakistan Tanners Association (Southern Zone), Muhammad Shafi has taken a strong notice on ...

Published 16 Aug, 2024 06:56am

ZTE unveils its latest mobile innovations

Companies

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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