News Archives for Print - 2024-08-28

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Print - 2024-08-28

South Asia

Khamenei urges govt to impose cyberspace controls

TEHRAN: Iran’s supreme leader Ayatollah Ali Khamenei on Tuesday urged the new government to impose controls over...

Published 28 Aug, 2024 08:23am

High-tech manufacturing spurs China’s July industrial profit growth

BEIJING: China’s industrial profits grew faster in July buoyed by high-tech manufacturing, even as sluggish...

Published 28 Aug, 2024 08:20am

Industry

BMG announces names of candidates for KCCI polls

KARACHI: Chairman Businessmen Group (BMG) and former president Karachi Chamber of Commerce & Industry (KCCI)...

Published 28 Aug, 2024 08:18am

AKU, IBA host dialogue on undergraduate education

KARACHI: The Aga Khan University’s Institute for Educational Development (AKU-IED), in partnership with the School...

Published 28 Aug, 2024 08:15am

Proparco, Karandaaz, PFSL collaborate to enhance gender & climate finance

KARACHI: Proparco, Karandaaz Pakistan and Parwaaz Financial Services Limited (PFSL) have entered into a landmark...

Published 28 Aug, 2024 08:14am

Scott Urbom assumes role as US CG

KARACHI: Scott Urbom has officially taken on the role of Consul General at the U.S. Consulate General in Karachi,...

Published 28 Aug, 2024 08:10am

Deputy Speaker NA adjourns session till Friday

ISLAMABAD: The deputy speaker National Assembly Syed Ghulam Mustafa Shah on Tuesday adjourned the house till Friday...

Published 28 Aug, 2024 08:08am

Strategic communications, outreach: Khadija Shah made lead for PTI’s EAMC

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Tuesday appointed Khadija Shah as its national lead for strategic...

Published 28 Aug, 2024 08:06am

SAU in collaboration with FAO installs Flux Tower

HYDERABAD: In a significant step towards enhancing agricultural research and environmental monitoring, a flux tower...

Published 28 Aug, 2024 08:04am

Industry

US embassy awards $20,000 in seed funding to women entrepreneurs

ISLAMABAD: The US embassy in Islamabad announced the winners of $20,000 in seed grants to participants in the...

Published 28 Aug, 2024 08:02am

South Asia

India police fire tear gas, water cannon at protesters

KOLKATA: Police in India fired tear gas and water cannon on Tuesday as they clashed with thousands of protesters...

Published 28 Aug, 2024 07:55am

Oman invited to invest in multiple sectors

ISLAMABAD: Pakistan on Tuesday invited Oman to invest in agriculture, minerals and information technology under the...

Published 28 Aug, 2024 07:53am

Taxes

Fair trials: ATIR’s overwhelming caseload threatening taxpayers’ rights

KARACHI: The Appellate Tribunal Inland Revenue (ATIR) is facing an overwhelming caseload and insufficient resources...

Published 28 Aug, 2024 07:51am

Industry

APTPMA demands govt reduce gas, electricity tariffs

LAHORE: Pakistan’s textile industry teeters on the edge of collapse as skyrocketing electricity and gas prices...

Published 28 Aug, 2024 07:49am

Investment opportunities in Punjab: 13 countries’ honorary CGs meet minister

LAHORE: Honorary Consul Generals of 13 countries met Provincial Minister for Industries and Commerce Chaudhry Shafay...

Published 28 Aug, 2024 07:46am

MENA

Dubai-based Pakistan swimmer Ahmed Durrani is looking to draw inspiration from Arshad Nadeem’s gold

DUBAI: Ahmed Durrani, the Dubai-based Pakistani swimmer, is determined to follow in the footsteps of javelin thrower...

Updated 28 Aug, 2024 11:25pm

Global Palestine versus global Israel—I

“Poetry after Auschwitz”, Adorno says, is barbaric. But *Consider the darkness and the great cold, /In this vale...

Published 28 Aug, 2024 07:19am

Letters

The success of Army Chief’s Afghan policy

The tone and tenor of the recent interview conducted by the BBC with Zabihullah Mujahid was markedly different from...

Published 28 Aug, 2024 07:14am

Mental cost of social media

When joke becomes a reality—a cartoon on a person sitting in an addiction treatment clinic. The doctor is asking him...

Published 28 Aug, 2024 07:06am

Languishing losers

The American system is based on competition. Only the ablest and fittest survive, losers are cut to size and left to...

Published 28 Aug, 2024 06:59am

Poor performance

EDITORIAL: Although reports on the dismal state of education in this country appear from time to time, a new one...

Published 28 Aug, 2024 06:48am

Third-party audit

EDITORIAL: Prime Minister Shehbaz Sharif while presiding over a meeting on electronic procurement, e-acquisition and...

Published 28 Aug, 2024 06:45am

Minister briefed about IESCO affairs

ISLAMABAD: Minister for Power Sardar Awais Ahmad Khan Leghari along with Secretary Power Dr Muhammad Fakhr-e-Alam...

Published 28 Aug, 2024 06:22am

Federal, Balochistan govts take stock of situation, mull steps

QUETTA: Interior Minister Mohsin Naqvi on Tuesday assured Balochistan Chief Minister Sarfraz Bugti that the federal...

Published 28 Aug, 2024 06:22am

Commodore Khalid promoted

ISLAMABAD: Commodore Muhammad Khalid of the Pakistan Navy has been promoted to the rank of Rear Admiral with...

Published 28 Aug, 2024 06:22am

Journalist shot dead in Ghotki

GHOTKI: The police reported that the accused killed the journalist and fled the scene in Sindh Gothki district. The...

Published 28 Aug, 2024 06:22am

Rawalpindi Cricket Stadium: students allowed free entry

LAHORE: The Pakistan Cricket Board (PCB) has announced free entry for students for the second Test match between...

Published 28 Aug, 2024 06:22am

Alhamra premieres ‘Gumnam Rahi’

LAHORE: In collaboration with Kinnaird College Lahore, Alhamra has unveiled the gripping theatre play “Gumnam...

Published 28 Aug, 2024 06:22am

The Weather

KARACHI: The weather report on Tuesday (August 27, 2024) and the forecast for Wednesday (August 28, 2024)...

Published 28 Aug, 2024 06:22am

25 terrorists killed in Tirah valley

ISLAMABAD: In a series of intelligence-based operations (IBOs) in Tirah, Khyber district, security forces have...

Published 28 Aug, 2024 06:22am

Forces hunt militants who killed dozens

QUETTA: Forces hunted separatist militants Tuesday who killed dozens when they pulled passengers off buses, blew up ...

Published 28 Aug, 2024 06:22am

Nishan-i-Imtiaz (military) conferred upon General Li of PLA

ISLAMABAD: President Asif Ali Zardari has conferred Nishan-i-Imtiaz (Military) upon Commander General Li Qiaoming of...

Published 28 Aug, 2024 06:22am

JI urges trade bodies to support strike

KARACHI: Trade associations on Tuesday reaffirmed their support for today’s shutter-down strike against the ...

Published 28 Aug, 2024 06:22am

IMC gifts Toyota Fortuner GRS to Arshad Nadeem

KARACHI: The Indus Motor Company (IMC) has presented its top of the line “Make in Pakistan” Toyota Fortuner GRS...

Published 28 Aug, 2024 06:22am

Ministry yet to finalise National Artificial Intelligence Policy

ISLAMABAD: The Ministry of Information Technology and Telecommunication has yet to finalise the National Artificial...

Published 28 Aug, 2024 06:22am

PARTLY FACETIOUS: Was 10-wicket loss to BD before the attacks in Balochistan?

“The ones that have been conferred two hats…” “There was no discussion – it was here, take it…” ...

Published 28 Aug, 2024 06:22am

SC underscores need for reconsidering laws related to prisoners

ISLAMABAD: The Supreme Court said the federal and the provincial governments must reconsider the prisoners’ laws,...

Published 28 Aug, 2024 06:22am

Senate also adopts ICT LG (Amendment) Bill

ISLAMABAD: A day after the National Assembly passed the Islamabad Capital Territory Local Government (Amendment) ...

Published 28 Aug, 2024 06:22am

Bilal Zulfiqar appointed LWMC chairman

LAHORE: The Punjab government has appointed Malik Bilal Zulfiqar Ali Khokhar as the new chairman of the Lahore Waste...

Published 28 Aug, 2024 06:22am

PHA offers underpasses, pedestrian bridges for advertisements

LAHORE: The Parks and Horticulture Authority (PHA) has offered underpasses and overhead pedestrian bridges for...

Published 28 Aug, 2024 06:22am

Refresher course on CLMIS for population welfare officers held

LAHORE: A refresher course on Centralized Laboratory Management Information System (CLMIS) for capacity-building...

Published 28 Aug, 2024 06:22am

Energy

LESCO recovers Rs50m in a day

LAHORE: On the directives of Chief Executive Engineer Shahid Hayder, LESCO has intensified its recovery drive ...

Published 28 Aug, 2024 06:22am

Stocks

Travel, banking stocks lift European shares

FRANKFURT: Gains in banking stocks and airlines lifted European shares on Tuesday, though trading remained cautious...

Published 28 Aug, 2024 06:22am

Stocks

China stocks slip on tariffs, e-commerce warning

SINGAPORE: Chinese stock markets fell on Tuesday, with Canadian tariffs weighing on shares of electric vehicle and...

Published 28 Aug, 2024 06:22am

Stocks

Nikkei rebounds as softer yen trumps tech losses

TOKYO: Japan’s Nikkei share average rebounded on Tuesday, as a pause in the yen’s push higher supported...

Published 28 Aug, 2024 06:22am

Rates

Equities extend losses

KARACHI: Pakistan Stock Exchange on Tuesday witnessed a mixed trend and after moving in both directions, closed on a...

Published 28 Aug, 2024 06:22am

Stocks

Wall St muted in choppy trading ahead of Nvidia results

NEW YORK: Wall Street’s main indexes were flat on Tuesday as caution prevailed ahead of a highly anticipated...

Published 28 Aug, 2024 06:22am

Energy

US natural gas prices slide

NEW YORK: US natural gas futures slid about 2% to a four-week low on Tuesday on forecasts for less hot weather over...

Published 28 Aug, 2024 06:22am

Energy

Oil bears focus on lacklustre demand and planned output boost

LONDON: Investors have remained resolutely bearish about the outlook for petroleum prices despite increasing...

Published 28 Aug, 2024 06:22am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 185,850 tonnes of cargo comprising 130,514 tonnes of import cargo and ...

Published 28 Aug, 2024 06:22am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (August 27, 2024)...

Published 28 Aug, 2024 06:22am

Cotton & Textile

Spot rate picks up Rs300 per maund

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

Published 28 Aug, 2024 06:22am

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 28 Aug, 2024 06:22am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (August 27, 2024). ========================== KIBOR...

Published 28 Aug, 2024 06:22am

Forex

Open market rates of foreign currencies

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

Published 28 Aug, 2024 06:22am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (August 27, 2024) . ==================================== BR...

Published 28 Aug, 2024 06:22am

Forex

Dollar's rate in Interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (August 27, 2024) . ======================== Open Bid...

Published 28 Aug, 2024 06:22am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (August 27, 2024) ....

Published 28 Aug, 2024 06:22am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 27, 2024) ....

Published 28 Aug, 2024 06:22am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (August 27, 2024)...

Published 28 Aug, 2024 06:22am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (August 27, 2024) . ======================================= Offset...

Published 28 Aug, 2024 06:22am

Rates

LME official prices

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

Published 28 Aug, 2024 06:22am

$8bn CPEC debt re-profiling plan being prepared

Power Division will ensure sharing all necessary information with Task Force, which will report to the Steering Committee co-chaired by Minister for Finance and Revenue and Minister for Power

Updated 28 Aug, 2024 05:58pm

Govt received 0.8pc of budgeted non-project aid in July: EAD

ISLAMABAD: The government received 0.8 percent of the total budgeted non-project (budget support) assistance by...

Updated 28 Aug, 2024 02:55pm

Traders stick to guns, go on strike as planned

ISLAMABAD: Despite Federal Board of Revenue’s (FBR) assurance to traders’ community to amend the “Tajir Dost Scheme”...

Updated 28 Aug, 2024 05:58pm

Ministry to clamp down on sugar mills behind price surge

ISLAMABAD: The federal government has empowered Ministry of Industries and Production (MoI&P) to take action...

Updated 28 Aug, 2024 08:52am

Discos, KE domains: Nepra sets up panel to probe Jan-Jun overbilling

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has constituted an investigation committee to...

Updated 28 Aug, 2024 02:54pm

Traders in Lahore split?

LAHORE: A deepening divide has emerged among trader organizations in Lahore as they wrestle with a nationwide strike...

Published 28 Aug, 2024 06:22am

FBR to introduce market-level review mechanism

ISLAMABAD: The Federal Board of Revenue (FBR) will introduce a market-level review mechanism having representation...

Updated 28 Aug, 2024 02:54pm

PM says attacks aimed at thwarting China cooperation

ISLAMABAD: Prime Minister Shehbaz Sharif said on Tuesday that terror groups based in Afghanistan are behind latest...

Published 28 Aug, 2024 06:22am

Cabinet approves Rs20 billion for Azm-e-Istehkam

ISLAMABAD: The federal cabinet to tackle the recent terrorist incidents across country has approved Rs20 billion for...

Updated 28 Aug, 2024 09:17am

Senate body calls for forensic audit of IPPs

ISLAMABAD: The Senate Functional Committee on Devolution, Tuesday, expressed concerns over functioning of...

Updated 28 Aug, 2024 05:21pm

Taxes

Smuggled vehicles: FBR says there’s no amnesty scheme in the offing

ISLAMABAD: It has come to the notice of the Federal Board of Revenue (FBR) that certain rumours are circulating on...

Published 28 Aug, 2024 06:22am

Payment of redemption fine: FBR to allow maximum 50pc depreciation for release of containers

ISLAMABAD: The Federal Board of Revenue (FBR) will allow maximum 50 percent depreciation for release of confiscated...

Updated 28 Aug, 2024 09:09am

Govt to support bill seeking increase in number of SC judges?

ISLAMABAD: The federal government will support a series of legislations of private members to increase the number of...

Updated 28 Aug, 2024 09:02am

Transfer CPPs to the national grid, suggests PD

ISLAMABAD: The Petroleum Division has suggested the government transferring captive power plants to the National...

Updated 28 Aug, 2024 08:42am

SBP grants operational licence to Askari Currency Exchange

KARACHI: The State Bank of Pakistan (SBP) has issued licence for commencement of operations to “Askari Currency...

Published 28 Aug, 2024 06:22am

Cotton & Textile

Monsoon rains will cause negative impact on cotton crop: official

ISLAMABAD: The current monsoon rains will have a negative impact on the cotton crop in the country as rain causes...

Published 28 Aug, 2024 06:22am

Taxes

Calculating income tax liability: Tax dept has failed to force bank to offer interest against ‘sticky’ loans

LAHORE: The Tax department has failed to force an investment bank to offer the interest against sticky loans for...

Published 28 Aug, 2024 06:22am

Commodities

Iron ore futures up

BEIJING: Iron ore futures rose to a near three-week high on Tuesday, boosted by growing buying appetite from...

Published 28 Aug, 2024 06:22am

Commodities

Copper gains on US rate cut hopes

LONDON: Copper prices rose to their highest in nearly six weeks on Tuesday, with buying triggered by expectations of...

Published 28 Aug, 2024 06:22am

Commodities

Malaysian palm oil futures give up early gains

SINGAPORE: Malaysian palm oil futures reversed early gains on Tuesday to end a four-session climb, as investors...

Published 28 Aug, 2024 06:22am

Commodities

Gold prices drift lower

BENGALURU: Gold prices eased on Tuesday, consolidating near record highs reached last week, as investors sought...

Published 28 Aug, 2024 06:22am

Energy

Oil prices fall 2pc on economic worries, technical decline

NEW YORK: Oil prices fell about 2% on Tuesday on worries that slower economic growth in the US and China could...

Published 28 Aug, 2024 06:22am

Industry

Merger, dissolution of 82 SOEs endorsed

ISLAMABAD: The federal cabinet, on Tuesday, took significant steps towards institutional reforms, focusing on...

Published 28 Aug, 2024 06:22am

Companies

PSO reports Rs15.9bn PAT in FY24

KARACHI: PSO, the nation’s largest energy company, showcased impressive financial performance and strategic ...

Published 28 Aug, 2024 06:22am

Companies

BankIslami’s profit before tax surges by 66.2pc

KARACHI: BankIslami continues its growth trajectory, delivering substantial returns to its shareholders with a...

Published 28 Aug, 2024 06:22am

Industry

Trade bodies support today’s strike call

KARACHI: Trade and industrial bodies have announced that they will observe a complete shutter-down strike and take ...

Published 28 Aug, 2024 06:22am

Industry

Business leaders fully support traders’ planned strike

KARACHI: President SITE Association of Industry Muhammad Kamran Arbi, Chief Coordinator Saleem Parekh, Senior Vice...

Published 28 Aug, 2024 06:22am

Companies

H12024: Standard Chartered Pakistan records Rs49.3bn PBT, up 29pc YoY

KARACHI: Standard Chartered Bank (Pakistan) Limited, announced its H1 2024 Results on Tuesday. The Bank’s profit...

Published 28 Aug, 2024 06:22am

Industry

DGTO upholds validity, legality of LCCI president’s membership

LAHORE: The Director General of Trade Organizations (DGTO) has dismissed an appeal filed against the President of ...

Published 28 Aug, 2024 06:22am

Money & Banking

Dollar weakens, sterling hits 2-year high

LONDON/NEW YORK: Sterling climbed to its highest against the US dollar in more than two years on Tuesday, while the...

Published 28 Aug, 2024 06:22am

Money & Banking

Most Asian currencies subdued as ME risks gauged

BENGALURU: Most emerging market currencies were muted on Tuesday, as sentiment remained fragile with investors...

Published 28 Aug, 2024 06:22am

Mobilink Bank partners with oladoc to offer healthcare solution

Companies

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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