News Archives for Print - 2024-08-17

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Print - 2024-08-17

MENA

Dubai leads the way as GCC retail spending set to hit $300bn by 2028

Emirate ranks second to New York City in terms of retail spend per capita

Published 17 Aug, 2024 08:00am

Governor Punjab meets NA Speaker

LAHORE: Punjab Governor, Sardar Saleem Haider Khan Friday visited the residence of Speaker National Assembly Sardar...

Published 17 Aug, 2024 07:55am

Stocks

IT powers Indian shares to first weekly gain in three weeks

BENGALURU: Indian shares snapped a two-week losing streak on Friday led by information technology stocks, after firm...

Published 17 Aug, 2024 07:54am

PDWP approves two uplift schemes

LAHORE: The Provincial Development Working Party (PDWP) for the financial year 2024-25 approved two development...

Published 17 Aug, 2024 07:53am

Energy

Business leaders for swift resolution of IPPs issue

LAHORE: Business leaders call for swift resolution of IPPs issue, citing severe impact on industrialization and...

Published 17 Aug, 2024 07:47am

Stocks

UAE equities gain amid global rally on rate optimism

DUBAI: Stock markets in the United Arab Emirates edged higher on Friday as investor sentiment was bolstered by...

Published 17 Aug, 2024 07:37am

Stocks

Europe’s STOXX 600 clocks best week in 3 months

PARIS: European shares ended the week with healthy gains as upbeat risk sentiment prevailed globally following a ...

Published 17 Aug, 2024 07:32am

Money & Banking

Dollar down against yen

NEW YORK: The dollar fell against the yen on Friday, and was softer against other peer currencies after ...

Published 17 Aug, 2024 07:27am

Mpox protocols reviewed at JIAP

ISLAMABAD: The Director General of Health Sindh, along with the COO/ Airport Manager of Jinnah International Airport...

Published 17 Aug, 2024 07:10am

South Asia

CPJ urges transparency as India broadcast bill raises censorship fears

NEW DELHI: The Committee to Protect Journalists calls on the Indian government to ensure proper consultation with...

Published 17 Aug, 2024 07:07am

Companies

MCML mulls introducing new local EV models in two years

KARACHI: Master Changan Motors Limited (MCML) plans to introduce 3 to 4 new locally assembled EV models in the next...

Published 17 Aug, 2024 07:07am

Taliban rule: IRR commended for extending humanitarian services to high-risk families

ISLAMABAD: The Institute of Research & Reforms International (IRR), founded by former Interior Minister of...

Published 17 Aug, 2024 07:07am

COAS hosts special ceremony to honour Olympian Arshad

ISLAMABAD: A special ceremony was held at the Army Auditorium, General Headquarters (GHQ) Rawalpindi, to celebrate...

Published 17 Aug, 2024 07:07am

South Asia

Second retired general to join interim Bangladesh cabinet

DHAKA: A second retired military general was sworn into Bangladesh’s interim government on Friday, one of four new...

Published 17 Aug, 2024 06:12am

South Asia

IIOJ&K to hold first local polls in a decade

OCCUPIED SRINAGAR: Illegally Indian-Occupied Jammu and Kashmir (IIOJ&K) will hold local elections for the first...

Published 17 Aug, 2024 06:12am

Trump says he told Netanyahu to end Gaza war but slams ceasefire call

WASHINGTON/ BEDMINSTER, New Jersey: Republican US presidential candidate Donald Trump said on Thursday he told...

Published 17 Aug, 2024 06:12am

All home and international cricket: Consortium awarded broadcast rights

LAHORE: The consortium of ARY and Tower Sports has been awarded broadcast rights for all home and international...

Published 17 Aug, 2024 06:12am

AKF director calls on PM

ISLAMABAD: Director Aga Khan Foundation for Economic Development Sultan Ali Allana, on Friday, called on Prime...

Published 17 Aug, 2024 06:12am

Three Khwarij killed in North Waziristan

ISLAMABAD: Security forces on Friday conducted an intelligence-based operation in general area Razmak, North...

Published 17 Aug, 2024 06:12am

Upper Kohistan: Three fall into river after chairlift rope breaks

UPPER KOHISTAN: Three people fell into the river after the rope of the chairlift broke in Upper Kohistan. According...

Published 17 Aug, 2024 06:12am

Sherry condemns PTI MNA's objection to woman’s attire

ISLAMABAD: Vice President PPP Senator Sherry Rehman strongly condemned PTI MNA Iqbal Afridi's objection to a...

Published 17 Aug, 2024 06:12am

Malir Expressway Project: Procurement violations in construction rejected

KARACHI: The Local Government & Housing Town Planning Department has firmly rejected allegations of procurement...

Published 17 Aug, 2024 06:12am

Masks of PTI founder have now started to fall: minister

LAHORE: Punjab Information Minister Azma Bokhari said that the masks of the PTI founder have now started to fall;...

Published 17 Aug, 2024 06:12am

Internet service disruptions: LHC displeased over state counsel’s lack of knowledge

LAHORE: The Lahore High Court (LHC) on Friday expressed its displeasure over the state counsel’s lack of knowledge...

Published 17 Aug, 2024 06:12am

JI for investigation of poor condition of roads in city

KARACHI: Jamaat-e-Islami (JI) on Friday called for a comprehensive investigation into the deteriorating road...

Published 17 Aug, 2024 06:12am

‘Al-Qadir Trust scam’: IK sisters seek withdrawal of CJP’s remarks in Monal restaurant case

ISLAMABAD: Former prime minister Imran Khan’s sisters have written to Chief Justice Qazi Faez Isa to withdraw...

Published 17 Aug, 2024 06:12am

Failure to submit comments in a case: FTO directs FBR to take disciplinary action

ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Jah has directed the Federal Board of Revenue (FBR) to initiate...

Published 17 Aug, 2024 06:12am

CDA reviews tree plantation drive, beautification plan for Islamabad

ISLAMABAD: The Capital Development Authority (CDA), on Friday, reviewed tree plantation campaign and the...

Published 17 Aug, 2024 06:12am

CCPO Lahore directed to recover comedian

LAHORE: The Lahore High Court on Friday directed the CCPO Lahore to recover comedian Youtuber Awn Ali Khosa and...

Published 17 Aug, 2024 06:12am

All religious community enjoys full freedom: Governor

KARACHI: Governor Sindh Kamran Khan Tessori emphasized that all religious community in Pakistan enjoys full freedom...

Published 17 Aug, 2024 06:12am

The Weather

KARACHI: The weather report on Friday (August 16, 2024) and the forecast for Saturday (August 17, 2024)...

Published 17 Aug, 2024 06:12am

Power consumers: Punjab govt to give Rs45bn subsidy for 2 months: Nawaz

LAHORE: Announcing that the PML-N-led Punjab government has decided to bring Rs 14 per unit relief in the bills of...

Published 17 Aug, 2024 06:12am

PMD says soil moisture condition quite satisfactory for crops

LAHORE: Due to satisfactory rainfall reported in most of the country’s plains, the Pakistan Meteorological...

Published 17 Aug, 2024 06:12am

Gohar says he has not accepted Hammad’s resignation

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Barrister Gohar clarified that he has not accepted the ...

Published 17 Aug, 2024 06:12am

Park Road Housing Scheme: Senate body concerned at financial fraud, embezzlement

ISLAMABAD: Senate Functional Committee on Problems of Less Developed Areas expressed serious concern over financial...

Published 17 Aug, 2024 06:12am

Five bullet-riddled bodies tied to electric pole found

QUETTA: The bullet-riddled bodies of five people were found hanging from an electric pole in Dalbandin, Balochistan...

Published 17 Aug, 2024 06:12am

Appointment, extension in IT ministry

ISLAMABAD: The government has appointed Imad Memon, as Member (International Coordination), and gave extension to...

Published 17 Aug, 2024 06:12am

NA education panel: NA panel has failed to decide four key private members’ bills

ISLAMABAD: The National Assembly’s education panel, Friday, failed to decide on the fate of four key private...

Published 17 Aug, 2024 06:12am

IT business migration to Dubai

Pakistanis, having systematically moved their capital overseas and invested $11 billion in properties in Dubai,...

Updated 17 Aug, 2024 11:56am

Focus on the game

American astronaut Neil Armstrong when he placed his foot on the surface of moon for the first time said “That is...

Updated 17 Aug, 2024 08:14am

President announces Sitara-i-Imtiaz for AKU president

KARACHI: President Asif Ali Zardari awarded the Sitara-i-Imtiaz to Dr Sulaiman Shahabuddin, Aga Khan University’s...

Published 17 Aug, 2024 06:12am

Excerpts from The Silent Soldier by Brig Muhammad Yousaf

Till the date of his tragic death on 17th August, 1988 in the plane crash that also killed President Zia-ul-Haq, few...

Updated 17 Aug, 2024 08:04am

‘Publicly or privately’: PD says ready to share IPP deals with NA panel

Committee informs Punjab-based Discos are incurring financial loss of Rs 150 billion per annum

Updated 17 Aug, 2024 05:29pm

PM welcomes Punjab CM’s package: It’s a pro-people move: PMO

ISLAMABAD: Prime Minister Shehbaz Sharif has welcomed Punjab Chief Minister Maryam Nawaz Sharif’s relief package for...

Updated 17 Aug, 2024 05:32pm

Three solar PV projects: PPIB all set to extend LoIs for 12 months

ISLAMABAD: Private Power and Infrastructure Board (PPIB) is all set to extend Letters of Intent (LoIs) for 12...

Updated 17 Aug, 2024 07:24pm

Rates

Stocks plummet

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

Published 17 Aug, 2024 06:12am

PM reveals pilot project for mining in G-B

ISLAMABAD: Prime Minister Shehbaz Sharif said on Friday that the federal government will start a pilot project in...

Updated 17 Aug, 2024 02:37pm

Arrests of former military officers: Pakistan does not welcome comments from any foreign govt: FO

ISLAMABAD: Foreign Office (FO) said on Friday that Pakistan does not welcome comments from any foreign government on...

Updated 17 Aug, 2024 02:37pm

US responds to arrest of military officers

WASHINGTON: America has responded to recent reports regarding the arrest of military officers in Pakistan,...

Updated 17 Aug, 2024 04:30pm

SBP increases clean lending limit for SMEs by 100pc

KARACHI: Amending the Prudential Regulations for SME Financing, the State Bank of Pakistan (SBP) has announced to...

Updated 17 Aug, 2024 02:37pm

FY24 LSM sector grows 0.92pc YoY

ISLAMABAD: The Large Scale Manufacturing (LSM) sector has shown a growth of 0.92 per cent during fiscal year...

Published 17 Aug, 2024 06:12am

Weekly SPI inflation down 0.16pc

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended August 15, 2024, decreased by 0.16 per...

Published 17 Aug, 2024 06:12am

PM directs bringing SMEDA under PMO

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday directed to bring Small and Medium Enterprises Development...

Updated 17 Aug, 2024 02:36pm

Commodities

Gold hits record high

NEW YORK: Gold prices soared to an all-time high on Friday as the dollar weakened on growing expectations for an...

Published 17 Aug, 2024 06:12am

Energy

Oil falls 2pc to end volatile week

NEW YORK: Oil prices settled down nearly 2% on Friday, little changed on the week with Brent crude below $80 a...

Published 17 Aug, 2024 06:12am

Traders to protest against Tajir Dost Scheme on 28th

ISLAMABAD: A traders association announced a nationwide shutter-down strike on August 28 in protest against the...

Updated 17 Aug, 2024 09:37am

High energy, financial costs cited: Cotton output likely to decline, NA panel told

ISLAMABAD: Cotton production in the country is forecast to decline in 2024-25 due to high energy and financial...

Updated 17 Aug, 2024 09:39am

‘Corruption, bad governance’: Key minister of PTI govt in KP resigns

PESHAWAR: A close aide of the PTI founder and Minister for Communication and Works in KP cabinet, Shakil Ahmad Khan,...

Updated 17 Aug, 2024 08:48am

PARTLY FACETIOUS: Welcome to the world of US politics

“I know you insist we were the trailblazers on many counts and the United States followed, but there is one thing...

Published 17 Aug, 2024 06:12am

Industry

IT industry proposes cybersecurity framework

KARACHI: IT industry has suggested formation of a joint committee, including representatives from the IT industry,...

Published 17 Aug, 2024 06:12am

Reviving agriculture

EDITORIAL: The 2nd International Food and Agriculture Exhibition – “FoodAg-2024”, organised by TDAP, which fetched...

Updated 17 Aug, 2024 08:11am

The monsoon havoc

EDITORIAL: Recent years have seen the advent of monsoon in the country accompanied by a sense of dread, as its ...

Published 17 Aug, 2024 06:12am

Letters

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

This is apropos a letter to the Editor “Arrest of Lt-Gen Faiz (retd): What’s next?” by this writer carried by...

Published 17 Aug, 2024 06:12am

Companies

FCEPL announces financial results

KARACHI: FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the first half of the...

Published 17 Aug, 2024 06:12am

Privatising loss-making SOEs can ensure long-term stability: ICMA

KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMA) has released a Policy Note concluding...

Published 17 Aug, 2024 06:12am

KCCI urges govt to release funds to industries

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while referring to his...

Published 17 Aug, 2024 06:12am

Industry

KATI chief praises business community for resilience amidst challenges

KARACHI: The President of the Korangi Association of Trade and Industry (KATI), Johar Qandhari has commended the...

Published 17 Aug, 2024 06:12am

Energy

Discovery of gas condensate in Kohat announced

ISLAMABAD: TAL joint venture comprising MOL Pakistan Oil & Gas Co. B.V. (Operator), Oil & Gas Development...

Published 17 Aug, 2024 06:12am

Companies

‘Deceptive marketing’: CCP imposes fine of Rs5m on a paint co

ISLAMABAD: The Competition Commission of Pakistan (CCP) has taken decisive action against a leading paint...

Published 17 Aug, 2024 06:12am

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 17 Aug, 2024 06:12am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (August 16, 2024). ========================== KIBOR...

Published 17 Aug, 2024 06:12am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (August 16,...

Published 17 Aug, 2024 06:12am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (August 16, 2024). ======================== Open Bid Rs...

Published 17 Aug, 2024 06:12am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (August 16, 2024)....

Published 17 Aug, 2024 06:12am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (August 16, 2024). ==================================== BR...

Published 17 Aug, 2024 06:12am

Commodities

Gold prices slightly up

KARACHI: The local gold prices on Friday regained a slight momentum to resettle at the previous historic highs with...

Updated 17 Aug, 2024 07:08am

Parliamentary panel informed: Upgradation of PR ML-1 project to be carried out in phases under CPEC

ISLAMABAD: A parliamentary panel, Friday, was informed that the upgradation of the Pakistan Railway (PR) ML-1 ...

Updated 17 Aug, 2024 07:14am

Appeal against LHC verdict: Advocate Raja seeks recusal of CJP

ISLAMABAD: Chief Justice Qazi Faez Isa has been urged not to hear cases related to former PM Imran Khan and Pakistan...

Updated 17 Aug, 2024 07:15am

Sikh woman, son rescued: Minister, CPO present details of operation

FAISALABAD: Provincial Minister for Minority Affairs, Sardar Ramesh Singh Arora, along with Faisalabad CPO Kamran...

Updated 17 Aug, 2024 07:20am

Money & Banking

Yuan steady

SHANGHAI: China’s yuan steadied against the dollar on Friday after sliding overnight as the greenback benefited...

Updated 17 Aug, 2024 07:22am

Money & Banking

Asian currencies higher

BENGALURU: Thai stocks were higher on Friday as the country elected a new prime minister after a recent spate of...

Updated 17 Aug, 2024 07:28am

Stocks

Wall St heads for best week of the year as slowdown fears recede

NEW YORK: The S&P 500 paused on Friday as investors digested a spate of encouraging economic data that dispelled...

Updated 17 Aug, 2024 07:30am

Stocks

China stocks flat, HK stocks close higher

SHANGHAI: Hong Kong shares ended the week higher, led by tech stocks, after earnings release by e-commerce giants...

Updated 17 Aug, 2024 07:34am

‘Himmat Card’ providing dignified financial help: minister

LAHORE: Punjab Social Welfare and Bait-ul-Maal Minister Sohail Shaukat Butt has said that the ‘Himmat Card’...

Updated 17 Aug, 2024 07:53am

Industry

LCCI team visits GBC to bolster regional ties

LAHORE: In a significant move to bolster regional business ties and explore new avenues of cooperation, a delegation...

Updated 17 Aug, 2024 07:48am

Cotton & Textile

Crop reporting releases cotton production statistics

LAHORE: The Crop Reporting Wing of the Punjab Agriculture Department claimed on Friday that 636,000 bales of cotton...

Updated 17 Aug, 2024 07:48am

Punjab govt amending Prohibition of Kite Flying Ordinance 2001

LAHORE: The Punjab government is amending the Prohibition of Kite Flying Ordinance 2001, under which the production...

Updated 17 Aug, 2024 07:47am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 16	278.20
USD PKR Interbank Buying / Sep 16	278
USD to Japanese Yen / Sep 17	140.69
USD to Swiss Franc / Sep 17	0.84
Pound Sterling to USD / Sep 17	1.32
Euro to USD / Sep 17	1.11

Stock	Volume
S&P 500 / Sep 16	5,633.09
Nasdaq / Sep 16	17,592.13
Dow Jones / Sep 16	41,622.08
India Sensex / Sep 17	82,939.94
Tokyo Nikkei / Sep 17	36,203.22
Hang Seng / Sep 17	17,652.26
FTSE 100 / Sep 17	8,338.89
Germany DAX 30 / Sep 17	18,679.36

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 16	18,935
Gold 10 Grams PKR / Sep 16	229,767
Petrol/Litre / Sep 17	249.10
Crude Oil USD/Barrel / Sep 17	70.12
Gold Spot USD/Ounce / Sep 17	2,582.73
Diesel/Litre / Sep 17	249.69

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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