News Archives for Print - 2024-08-26

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Print - 2024-08-26

Industry

High power bills, taxes: Traders call for countrywide strike

QUETTA: President, All Pakistan Anjuman-e-Tajiran, Amjad Baloch on Sunday announced to observe a shutter down strike...

Published 26 Aug, 2024 08:14am

Korangi Causeway Bridge to be opened on Jan 1: Sindh minister

KARACHI Sindh Local Government Minister Saeed Ghani has said that the bridge being constructed on Korangi Causeway ...

Published 26 Aug, 2024 08:09am

Study identifies ‘harmful’ substances in ‘Naswar’

PESHAWAR: A research study on biochemical composition of Naswar (moist snuf) has found an array of harmful ...

Published 26 Aug, 2024 08:07am

Energy

SkyElectric completes first phase of JET programme in Japan

KARACHI: Pakistan’s prestigious solar technology brand, SkyElectric has achieved a momentous breakthrough in the...

Published 26 Aug, 2024 08:04am

Governor Sindh expresses grief over bus accidents

KARACHI: Governor Sindh Kamran Khan Tessori has expressed deep sorrow over the tragic bus accident on the Makran...

Published 26 Aug, 2024 08:02am

Major Israel-Hezbollah missile exchange as region fears escalation

JERUSALEM/BEIRUT: Hezbollah launched hundreds of rockets and drones at Israel early on Sunday, as Israel’s ...

Published 26 Aug, 2024 07:01am

China, Philippines clash in South China Sea despite efforts to rebuild trust

MANILA/BEIJING: The Philippines and China clashed in disputed waters of the South China Sea on Sunday over what...

Published 26 Aug, 2024 07:01am

South Asia

UN ‘concerned’ by Afghanistan morality law

KABUL: The UN mission in Afghanistan said on Sunday it was “concerned” about a morality law recently ratified by...

Published 26 Aug, 2024 07:01am

Mali drone strikes kill at least 21 in northern town

BAMAKO: At least 21 people, including 11 children, were killed by drone strikes on Sunday on the town of Tinzaouaten...

Published 26 Aug, 2024 07:01am

Canadian rail decision is a win for companies: union leader

MONTREAL: A decision obliging more than 9,000 Canadian rail workers to stay on the job is a win for the railways and...

Updated 26 Aug, 2024 08:26am

Alhamra arranges puppet shows

LAHORE: The Lahore Arts Council, Alhamra, upholds its commitment to cultural enrichment by offering engaging weekend...

Published 26 Aug, 2024 07:01am

Data Ganj Bakhsh urs: Police to provide foolproof security

LAHORE: The Lahore police have made extensive security arrangements for the 981st urs of Hazrat Ali Hajvery,...

Published 26 Aug, 2024 07:01am

Middle East

Houthi-struck oil tanker could spill ‘million barrels,’ US warns

WASHINGTON: The United States warned Saturday of a potential environmental disaster in the Red Sea after Houthi...

Published 26 Aug, 2024 07:01am

South Asia

Sri Lanka flags civil service pay hike ahead of vote

COLOMBO: Bankrupt Sri Lanka will offer hefty salary increases and higher pensions to civil servants, President Ranil...

Published 26 Aug, 2024 07:01am

South Asia

Twenty dead, 5.2m affected in Bangladesh floods

DHAKA: At least 20 people have died and more than 5.2 million have been affected in Bangladesh by floods caused by...

Published 26 Aug, 2024 07:01am

Europe

Zelenskiy says he would support India hosting second summit on peace

KYIV: Ukrainian President Volodymyr Zelenskiy said negotiations were ongoing with Saudi Arabia, Qatar, Turkey and...

Published 26 Aug, 2024 07:01am

Europe

Two journalists injured, 1 missing in Russian strike on Ukraine hotel

KYIV: A nighttime Russian strike on a hotel in the eastern Ukrainian city of Kramatorsk wounded two journalists,...

Published 26 Aug, 2024 07:01am

Money & Banking

Myanmar households crippled as currency tumbles to record low

NAYPYIDAW (Myanmar): A rapid depreciation of Myanmar’s currency is pushing up the prices of essentials, including...

Published 26 Aug, 2024 07:01am

CPO visits site of road accident near Girari Bridge

RAWALPINDI: City Police Officer (CPO), Rawalpindi, Syed Khalid Mehmood Hamdani on Sunday visited the site of the...

Published 26 Aug, 2024 07:01am

Europe

Kyiv says Belarus ‘concentrating’ troops on border

KYIV, (Ukraine): Ukraine accused its Moscow-allied neighbour Belarus Sunday of “concentrating” troops on the...

Published 26 Aug, 2024 07:01am

Taxes

President upholds FTO’s decision, rejects FBR representations

ISLAMABAD: President Asif Ali Zardari has upheld the Federal Tax Ombudsman (FTO) decision granting tax relief to...

Published 26 Aug, 2024 07:01am

The Weather

KARACHI: The weather report on Sunday (August 25, 2024) and the forecast for Monday (August 26, 2024)....

Published 26 Aug, 2024 07:01am

FIA arrests two passengers over human smuggling charge

SIALKOT: The Federal Investigation Agency (FIA) has arrested two passengers at Sialkot Airport for their alleged...

Published 26 Aug, 2024 07:01am

Allowances’ payment: PCB responses to AGP’s audit observations

LAHORE: Responding to the Auditor General of Pakistan’s observations during the annual audit regarding the...

Published 26 Aug, 2024 07:01am

Malaysia can help Pakistan deepen cooperation with ASEAN states: HC

ISLAMABAD: Pakistan and Malaysia hold similar stances on key international issues, underscoring deep understanding...

Published 26 Aug, 2024 07:01am

CM expresses sorrow

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif expressed deep sorrow and grief over the death of pilgrims due to...

Published 26 Aug, 2024 07:01am

Sana to lead Pakistan in ICC Women’s T20 World Cup

LAHORE: Fatima Sana has been named as the Pakistan women’s cricket team captain for the ICC Women’s T20 World ...

Published 26 Aug, 2024 07:01am

Nestlé inaugurates N4HK room at The Trust School Lahore

LAHORE: Nestlé Pakistan inaugurated the Nestlé for Healthier Kids (N4HK) room at The Trust School Lahore to foster...

Published 26 Aug, 2024 07:01am

Governor heaps praise on Kapadia’s book

KARACHI: Governor Sindh Kamran Khan Tessori emphasized the crucial role of marketing and advertising in promoting a...

Published 26 Aug, 2024 07:01am

Heavy rains, urban flooding likely in Sindh

KARACHI: The National Disaster Management Authority (NDMA) has issued an alert for heavy rain with thunder and...

Published 26 Aug, 2024 07:01am

8th Silk Road Int’l Exhibition Pakistan to be ‘Guest of Honour’

BEIJING: Commercial Counsellor at Embassy of Pakistan in Beijing, Ghulam Qadir said on Sunday that Pakistan will...

Published 26 Aug, 2024 07:01am

CM approves Rs502m for replacement of Sukkur Barrage gates

KARACHI: The Sindh Chief Minister Syed Murad Ali Shah has approved Rs 502 million for the Irrigation Department to...

Published 26 Aug, 2024 07:01am

Pothohar region to be turned into ‘olive valley’

LAHORE: Punjab Agriculture Secretary Iftikhar Ali Sahoo has said that 1,920,000 olive plants have been provided to...

Published 26 Aug, 2024 07:01am

NA meets today with 23-point agenda

ISLAMABAD: The National Assembly will meet today (Monday) at 5 p.m. under the chairmanship of Speaker National...

Published 26 Aug, 2024 07:01am

Rates

PSX witnesses bullish trend

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on August 23, 2024 on the...

Published 26 Aug, 2024 07:01am

Rates

Futures spread down 367bps

Trading...

Published 26 Aug, 2024 07:01am

36 dead in two bus crashes

RAWALPINDI: At least 36 people were killed in two separate bus accidents on Sunday, including 12 pilgrims who had...

Published 26 Aug, 2024 07:01am

Rates

Marginal appreciation

KARACHI: The rupee appreciated marginally during the previous week as it gained Re0.04 or 0.01% against the US...

Published 26 Aug, 2024 07:01am

KP govt to shift 1,000 madaris to solar energy

PESHAWAR: The Khyber Pakhtunkhwa government has decided to install free solar systems in more than 1000 madaris...

Published 26 Aug, 2024 07:01am

Heavy rains likely in Punjab

LAHORE: Monsoon rains are forecast in Punjab from today till August 29. Heavy monsoon rains will enter Punjab this...

Published 26 Aug, 2024 07:01am

CM directs formation of PHA in every district

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif said, cleanliness of all cities, villages and every street and...

Published 26 Aug, 2024 07:01am

Pakistanis in UK have made remarkable achievements: HC

ISLAMABAD: The High Commission of Pakistan in London co-hosted a seminar titled “Promoting trade, investment &...

Published 26 Aug, 2024 07:01am

Katcha area: CM praises police on successful operation

LAHORE: Well done DPO Rizwan Umar Gondal and his team, said Chief Minister Maryam Nawaz Sharif while appreciating...

Published 26 Aug, 2024 07:01am

Air ambulance shifts injured police constable to Lahore

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif said, “The constables getting injured in Katcha area are our...

Published 26 Aug, 2024 07:01am

Federal government: PM orders swift implementation of e-office system

ISLAMABAD: Prime Minister Shehbaz Sharif assigned the Ministry of Information Technology and relevant departments...

Updated 26 Aug, 2024 08:57am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday August 25, 2024

Published 26 Aug, 2024 07:01am

Stocks

FTSE 100 gains as Powell signals rate cuts

LONDON: The UK’s benchmark FTSE 100 edged higher on Friday as markets globally cheered US Federal Reserve Chair...

Published 26 Aug, 2024 07:01am

Stocks

Wall Street Week Ahead: ‘Super Bowl’ Nvidia earnings stand to test searing AI trade

NEW YORK: The rally in US stocks faces an important test next week with earnings from chipmaking giant Nvidia, whose...

Published 26 Aug, 2024 07:01am

Merits of BRI and its flagship project CPEC

In the past two years, China introduced three major initiatives for the benefit of mankind. These are Global...

Updated 26 Aug, 2024 07:41am

Letters

‘Army committed to restoring order at all costs’

This is apropos two back-to-back letters to the Editor by this writer carried by the newspaper on Saturday and...

Published 26 Aug, 2024 07:01am

IMF programme delay adding to uncertainty

There is growing unease due to delays in the IMF board approval. The Staff-Level Agreement (SLA) was reached in...

Updated 26 Aug, 2024 07:40am

Electric Vehicles come to Pakistan

Minister for Finance Muhammad Aurangzeb claimed at the launching ceremony of BYD, a Chinese company globally ...

Updated 26 Aug, 2024 07:36am

Struggle between Aleema, Bushra underway for party control: minister

LAHORE: Information Minister Punjab, Azma Bokhari, stated that after the takeover of the Zaman Park house, a power...

Published 26 Aug, 2024 07:01am

PTV: information minister launches ‘operation clean-up’

ISLAMABAD: Minister for Information, Broadcasting, Culture and National Heritage Attaullah Tarar has launched a...

Published 26 Aug, 2024 07:01am

Two dead, 15 injured as two groups clash in Karachi

KARACHI: Two persons were killed, and nine others were injured in clashes between two groups in Golimar area,...

Published 26 Aug, 2024 07:01am

PM working day in day out to reform institutions: Dar

LAHORE: Deputy Prime Minister and Foreign Minister Ishaq Dar said on Sunday that Prime Minister Shehbaz Sharif was...

Published 26 Aug, 2024 07:01am

IGP reviews security arrangements on the eve of Chehlum

ISLAMABAD: Accord-ing to the details, Inspector General of Police (IGP) Islamabad, Syed Ali Nasir Rizvi, inspected...

Published 26 Aug, 2024 07:01am

Cotton & Textile

Weekly Cotton Review: Prices stable amid low trading volume

KARACHI: Cotton prices remained stable during previous week though trading volume was low. Ginning factories are...

Published 26 Aug, 2024 07:01am

Commodities

Peshawar: prices of kitchen items remain high

PESHAWAR: Prices of essential kitchen items like vegetable, flour, cooking oil/ghee, sugar, pulses, except live...

Published 26 Aug, 2024 07:01am

Money & Banking

H1’24: Soneri Bank announces PAT growth of 26.79pc YoY

KARACHI: The Board of Directors of Soneri Bank Limited, in their 206th meeting held in Karachi on 23th August 2024,...

Published 26 Aug, 2024 07:01am

Must act now

EDITORIAL: The persistently high gross financing needs present a significant risk to the economy, challenging the...

Updated 26 Aug, 2024 07:26am

Lawlessness in katcha areas

EDITORIAL: The riverine katcha areas of Punjab-Sindh border have long been overrun by dacoits involved in all manner...

Updated 26 Aug, 2024 07:28am

Foreign trade: PM praises UAE for posting impressive growth

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday extended his heartfelt congratulations to the President of United...

Published 26 Aug, 2024 07:01am

Money & Banking

Australia, NZ dlrs aim for another weekly rise

SYDNEY: The Australian and New Zealand dollars were looking to seal another week of gains on Friday as upbeat ...

Published 26 Aug, 2024 07:01am

Money & Banking

Sterling climbs to highest since March 2022 against dollar

LONDON: Sterling climbed to a more than two-year high on the dollar on Friday, on recent signs of strength in the UK...

Published 26 Aug, 2024 07:01am

Money & Banking

China’s yuan higher against dollar

SHANGHAI: China’s yuan inched higher against a softer dollar on Friday and looked set for the fifth straight ...

Published 26 Aug, 2024 07:01am

Money & Banking

Indian rupee closes higher

MUMBAI: The Indian rupee closed stronger on Friday, tracking gains in most Asian currencies, as investors awaited...

Published 26 Aug, 2024 07:01am

Money & Banking

Bank of China President Liu Jin resigns

BEIJING: Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the...

Published 26 Aug, 2024 07:01am

Japan’s July exports growth lags expectations

TOKYO: Japan’s exports rose at a slightly slower pace than expected in July and shipment volumes extended their...

Published 26 Aug, 2024 07:01am

President endorses FTO’s order against fake sales tax invoices

ISLAMABAD: President Asif Ali Zardari has endorsed the Federal Tax Ombudsman’s (FTO) directions against the Federal...

Updated 26 Aug, 2024 08:55am

Businesses can carve out a niche in French market: mayor

LAHORE: France has a track record of successful international collaborations across various sectors, including...

Published 26 Aug, 2024 07:01am

Finally, FBR reaches out to traders

Meeting to be held on August 27

Updated 26 Aug, 2024 09:28am

FBR finalises August collection strategy

ISLAMABAD: The Federal Board of Revenue (FBR) Sunday finalised a strategy to meet the assigned revenue collection...

Updated 26 Aug, 2024 08:57am

Govt decides to bring in 50pc govt imports thru Gwadar port

ISLAMABAD: The federal government has decided to divert 50 per cent of public sector imports to Gwadar Port destined...

Updated 26 Aug, 2024 09:22am

PD working on Reko Diq project transaction

ISLAMABAD: Petroleum Division is reportedly in the process of initiating a summary for approval of Reko Diq Project...

Updated 26 Aug, 2024 09:24am

Power sharing formula in Punjab: PML(N)- PPP body reaches agreement

LAHORE: PML-N and PPP joint negotiation committee met at Governor House Lahore on Sunday to discuss power sharing...

Updated 26 Aug, 2024 08:54am

Pakistan invites Modi to SCO moot

ISLAMABAD: Pakistan has extended an invitation to Indian Prime Minister Narendra Modi, along with other leaders of...

Updated 26 Aug, 2024 08:56am

PakPWD closure: PM reviews legal aspects, final stages

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday chaired a meeting to review the legal aspects and final...

Updated 26 Aug, 2024 09:23am

Rapper Macklemore cancels Dubai show

DUBAI: American rapper Macklemore said he has cancelled his October show in Dubai in protest over the United Arab...

Published 26 Aug, 2024 07:01am

Fuel price adjustment row: SECL has refused to pay dues to SNGPL?

ISLAMABAD: M/s Sapphir Electric Power Company Limited (SECL) is said to have refused to make payment of outstanding...

Updated 26 Aug, 2024 09:26am

KP traders demand withdrawal of 2pc tax on exports

PESHAWAR: Traders and exporters asked the provincial government of Khyber Pakhtunkhwa to immediately withdraw the...

Updated 26 Aug, 2024 09:00am

Companies

Systems Limited wins ‘Forbes Asia’s Best Under a Billion 2024’

LAHORE: Systems Limited, a global digitally native company focused on reinventing businesses through innovative...

Published 26 Aug, 2024 07:01am

Industry

HCSTSI President expresses concern over growing population challenge

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

Published 26 Aug, 2024 07:01am

Rape-murder of young girl: governor seeks report

KARACHI: Governor Sindh Kamran Khan Tessori has taken serious notice of the tragic discovery of a young girl’s...

Updated 26 Aug, 2024 08:19am

Pakistan’s first low-carbon energy storage ‘ESaaS’ project launched

ISLAMABAD: In a significant step towards sustainable innovation, Pakistan witnessed the launch of its first...

Updated 26 Aug, 2024 07:54am

APTMA polls: Gohar Ejaz Group wins for 16th consecutive year

Industry

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	281.78
USD PKR Interbank Buying / May 14	281.68
USD to Japanese Yen / May 14	147.13
USD to Swiss Franc / May 14	0.84
Pound Sterling to USD / May 14	1.33
Euro to USD / May 14	1.12
UK LIBOR % / May 13	4.96

Stock	Volume
S&P 500 / May 13	5,886.55
Nasdaq / May 13	19,010.09
Dow Jones / May 13	42,140.43
India Sensex / May 14	81,497.76
Tokyo Nikkei / May 14	38,113.18
Hang Seng / May 14	23,504.69
FTSE 100 / May 14	8,607.88
Germany DAX 30 / May 14	23,613.03
France CAC40 / May 14	7,846.03

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	16,985
Gold 10 Grams PKR / May 13	295,096
Cotton US¢/pound / May 13	66.61
Petrol/Litre / May 14	252.63
Crude Oil USD/Barrel / May 14	63.39
Gold Spot USD/Ounce / May 14	3,234.38
Diesel/Litre / May 14	256.64

Gainers
Losers
Leaders

Stock	Price
Ghani Chemworld / May 14 Ghani Chemworld Limited(GCWL)	8.14 ▲ 1 (14.01%)
Al-Shaheer Corp / May 14 Al Shaheer Corporation Limited(ASC)	7.72 ▲ 0.84 (12.21%)
B. F. Mod. / May 14 B.F. Modaraba(BFMOD)	9.34 ▲ 1 (11.99%)
AN Textile Mill / May 14 AN Textile Mills Limited(ANTM)	10.79 ▲ 1 (10.21%)
S.G.Power / May 14 S.G. Power Limited(SGPL)	7.71 ▲ 0.71 (10.14%)
Hala Enterprise / May 14 Hala Enterprises Limited(HAEL)	12.05 ▲ 1.1 (10.05%)
Dewan Motors / May 14 Dewan Farooque Motors Limited(DFML)	36.03 ▲ 3.28 (10.02%)
Bunnys Limited / May 14 Bunnys Limited(BNL)	28.01 ▲ 2.55 (10.02%)
Flying Cement / May 14 Flying Cement Company Limited(FLYNG)	44.96 ▲ 4.09 (10.01%)
LSE Financial Serv. / May 14 LSE Financial Services Limited(LSEFSL)	21.99 ▲ 2 (10.01%)

Stock	Price
Dewan Mushtaq / May 14 Dewan Mushtaq Textile Mills Limited(DMTM)	8.83 ▼ -0.97 (-9.9%)
Bilal Fibres / May 14 Bilal Fibres Limited(BILF)	17.72 ▼ -1.87 (-9.55%)
Kohinoor Mills / May 14 Kohinoor Mills Limited(KML)	29.17 ▼ -2.75 (-8.62%)
TPL Trakker Ltd / May 14 TPL Trakker Limited(TPLT)	6.06 ▼ -0.53 (-8.04%)
IbrahimFibres / May 14 Ibrahim Fibres Limited(IBFL)	321.92 ▼ -26.51 (-7.61%)
F.Credit & Inv / May 14 First Credit and Investment Bank Limited(FCIBL)	7.41 ▼ -0.58 (-7.26%)
Dadabhoy Cement / May 14 Dadabhoy Cement Industries Limited(DBCI)	4.51 ▼ -0.29 (-6.04%)
Merit Packaging / May 14 Merit Packaging Limited(MERIT)	9.01 ▼ -0.54 (-5.65%)
Samba Bank / May 14 Samba Bank Limited(SBL)	8.75 ▼ -0.52 (-5.61%)
Ist.Capital Sec / May 14 First Capital Securities Corporation(FCSC)	1.37 ▼ -0.08 (-5.52%)

Stock	Volume
At-Tahur Ltd. / May 14 At-Tahur Limited(PREMA)	38,761,905 ▲ 4.08
Fauji Cement / May 14 Fauji Cement Company Limited(FCCL)	36,170,971 ▲ 0.33
Sui South Gas / May 14 Sui Southern Gas Company Limited(SSGC)	32,384,781 ▲ 3.28
WorldCall Telecom / May 14 Worldcall Telecom Limited(WTL)	22,631,360 ▼ -0.01
Pak Refinery / May 14 Pakistan Refinery Limited(PRL)	20,536,680 ▲ 1.59
D.G.K.Cement / May 14 D.G. Khan Cement Company Limited(DGKC)	19,418,708 ▼ -3.26
Power Cement / May 14 Power Cement Limited(POWER)	19,235,608 ▲ 0.05
Cnergyico PK / May 14 Cnergyico PK Limited(CNERGY)	19,025,407 ▲ 0.04
B.O.Punjab / May 14 The Bank of Punjab(BOP)	16,672,255 ▼ -0.05
K-Electric Ltd. / May 14 K-Electric Limited(KEL)	15,717,046 ▼ -0.05

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