News Archives for Print - 2024-09-02

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Print - 2024-09-02

FAPUASA concerned at ‘crises’ in over 25 varsities across Punjab

LAHORE: The Federation of All Pakistan Universities Academic Staff Association (FAPUASA), led by its President, Dr...

Published 02 Sep, 2024 08:04am

RIPHAH joins hands with BISP for public empowerment through skills development programme

ISLAMABAD: Representatives from Riphah International University held an important meeting with Senator Rubina ...

Published 02 Sep, 2024 08:04am

Companies

ONIC sets groundbreaking telecom benchmarks with digital connectivity

ISLAMABAD: ONIC, a pioneering digital telco brand that launched just a year ago, has made a remarkable impact on...

Published 02 Sep, 2024 08:03am

CM praises Ali Geelani

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif in her message on the death anniversary of Kashmiri leader Syed ...

Published 02 Sep, 2024 08:01am

Sikh pilgrims: Foundation stone laid for new building at Nankana Sahib

LAHORE: In order to facilitate Sikh pilgrims at Nankana Sahib, Provincial Minister for Minority Affairs and ...

Published 02 Sep, 2024 08:00am

CM lauds social services of Akhuwat chairman

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif met the Founder and Chairman Akhuwat Doctor Amjad Saqib and lauded...

Published 02 Sep, 2024 07:58am

CM to launch ‘Children’s Heart Surgery Programme’ soon

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif will soon launch the “Chief Minister’s Children’s Heart...

Published 02 Sep, 2024 07:57am

12th Rabi-ul-Awwal: CCPO reviews security measures

LAHORE: Capital City Police Officer Bilal Siddique Kamyana reviewed overall law and order situation and other...

Published 02 Sep, 2024 07:55am

NUST initiative ‘FICS ’24’ concludes

ISLAMABAD: Grand finale and prize distribution ceremony of Finding Innovative & Creative Solutions (FICS 2024), ...

Published 02 Sep, 2024 07:54am

DC visits FIEDMC

FAISALABAD: Deputy Commissioner Captain Nadeem Nasir (retd) visited Faisalabad Industrial Estate Development and...

Published 02 Sep, 2024 07:47am

Mpox virus: current situation, preventive steps to be discussed tomorrow

ISLAMABAD: As Monkeypox cases are rising in the country, the government on Sunday convened an important meeting on...

Published 02 Sep, 2024 07:44am

Ban on kite flying laws spark concern

LAHORE: The recent imposition of stricter laws on kite flying in Punjab, despite an existing ban, has sparked...

Published 02 Sep, 2024 07:42am

Stocks

FTSE 100 hits 3-month high amid rate-cut hopes

LONDON: The UK’s main stock index hit over a three-month high on Friday, clocking gains for the topsy-turvy month,...

Published 02 Sep, 2024 07:40am

Stocks

Most Gulf markets gain on US rate cut prospects

DUBAI: Most Gulf markets ended higher on Sunday, extending gains from the previous session, after data supported the...

Published 02 Sep, 2024 07:38am

Money & Banking

Indian rupee ends flat

MUMBAI: The Indian rupee ended little changed on Friday as dollar demand from state-run banks offset the impact of...

Published 02 Sep, 2024 07:37am

Africa

African leaders in Beijing eyeing big loans and investment

BEIJING: African leaders descend on China’s capital this week, seeking funds for big-ticket infrastructure ...

Published 02 Sep, 2024 06:40am

The Weather

KARACHI: The weather report on Sunday (September 01, 2024) and the forecast for Monday (September 02, 2024)....

Published 02 Sep, 2024 06:40am

FIA foils passenger’s bid to travel abroad on fake documents

KARACHI: The Federal Investigation Agency (FIA) Immigration Wing on Sunday foiled an attempt of a passenger to ...

Published 02 Sep, 2024 06:40am

CM to decide whether SPCL to be held in Qatar or Sindh: minister

KARACHI: An important meeting was held between Sindh Minister for Sports and Youth Affairs, Sardar Muhammad Bux...

Published 02 Sep, 2024 06:40am

PFF, Forward Sports and Capitals Sports sign MoU

LAHORE: To showcase the worldwide contributions of the Sialkot football manufacturing industry, the Pakistan ...

Published 02 Sep, 2024 06:40am

Europe

Russia says it will change nuclear doctrine because of Western role in Ukraine

LONDON: Russia will make changes to its doctrine on the use of nuclear weapons in response to what it regards as...

Published 02 Sep, 2024 06:40am

USA

Thousands of US hotel workers strike as contract talks break down

NEW YORK: Some 10,000 US hotel workers began a multi-day strike in several cities on Sunday after contract talks ...

Published 02 Sep, 2024 06:40am

Middle East

Gaza parents rush to vaccinate kids against polio despite fear of violence

AL-ZAWAYDA (Palestinian Territories): Ghadir Hajji rushed to a clinic on Sunday in hopes her five children would be...

Published 02 Sep, 2024 06:40am

Erdogan, MBS discusses Gaza, Turkish presidency says

ISTANBUL: Turkish President Tayyip Erdogan discussed Gaza as well as regional and global developments in a phone ...

Published 02 Sep, 2024 06:40am

Israel set for general strike after Gaza hostages found dead

GAZA STRIP, (Palestinian Territories): Israel’s main union on Sunday ordered a nationwide general strike after...

Published 02 Sep, 2024 06:40am

Harris is more predictable than Trump: Kremlin

MOSCOW: Russia sees US Democratic presidential candidate Kamala Harris as a more predictable opponent than ...

Published 02 Sep, 2024 06:40am

Minister slams PTI supporters

LAHORE: Punjab Information Minister Azma Bokhari has said that PTI supporters have become blind, deaf, and dumb due...

Published 02 Sep, 2024 06:40am

KMU strengthens support for Afghan students

PESHAWAR: Vice Chancellor of Khyber Medical University (KMU) Peshawar Prof Dr. Zia Ul Haq stated that Afghanistan is...

Published 02 Sep, 2024 06:40am

TECNO, Hope Uplift Foundation to promote technological education

LAHORE: TECNO, Pakistan’s leading smartphone brand, has joined hands with Hope Uplift Foundation in an initiative...

Published 02 Sep, 2024 06:40am

Axle load curbs on highways and GT Road: Minister introduces tougher measures

ISLAMABAD: Federal Minister for Communications, Privatisation, and Board of Investment Abdul Aleem Khan on Sunday ...

Published 02 Sep, 2024 06:40am

PTI criticises Sindh govt’s handling of rain situation

KARACHI: Pakistan Tehreek-e-Insaf (PTI) Sindh President Haleem Adil Sheikh has expressed grave concerns over the...

Published 02 Sep, 2024 06:40am

PDP demands probe into ‘poor’ construction of roads in Karachi

KARACHI: Majority of the roads of Karachi went extremely damaged in recent rains which has exposed their substandard...

Published 02 Sep, 2024 06:40am

Repair of roads to begin after rain season: mayor

KARACHI: Mayor Karachi Barrister Murtaza Wahab said that road repair and construction work is being commenced after...

Published 02 Sep, 2024 06:40am

Rains expected in Balochistan amid cyclone impact

QUETTA: Pakistan Meteorological Department said on Sunday that the cyclonic storm ASNA over northwest Arabian Sea...

Published 02 Sep, 2024 06:40am

Sindhi handicrafts: Diplomats show keen interest in KCFR exhibition

KARACHI: The Karachi Council on Foreign Relations (KCFR) organized a vibrant exhibition on last night to promote the...

Published 02 Sep, 2024 06:40am

Alkhidmat launches fourth edition of Bano Qabil programme

KARACHI: Alkhidmat Karachi on Sunday September 1, 2024, launched the fourth edition of the Bano Qabil program,...

Published 02 Sep, 2024 06:40am

Bugti says efforts afoot to end terrorism in Balochistan

LAHORE: Balochistan Chief Minister Mir Sarfaraz Ahmed Bugti said on Sunday that no Baloch had killed any Punjabi but...

Published 02 Sep, 2024 06:40am

Kashmir issue: FO rejects Indian narrative about ‘unilateral solution’

ISLAMABAD: In response to media queries regarding the recent statement made on Jammu and Kashmir by India’s...

Published 02 Sep, 2024 06:40am

Senator Mushtaq released

ISLAMABAD: The head of the Save Gaza campaign and former Jamaat-e-Islami (JI) senator Mushtaq Ahmed, his wife and...

Published 02 Sep, 2024 06:40am

Remarks made by Bengali: federal govt clarifies its stance

ISLAMABAD: The federal government on Sunday clarified its stance about the remarks made by Dr Kaiser Bengali,...

Published 02 Sep, 2024 06:40am

Gilani calls for dialogue among all political parties including PTI

ISLAMABAD: The Chairman Senate Yousaf Raza Gilani on Sunday called for dialogue among all political parties ...

Published 02 Sep, 2024 06:40am

Zardari, PM pay tribute to Ali Shah Geelani

ISLAMABAD: President Asif Ali Zardari and Prime Minister Shehbaz Sharif on Sunday paid rich tribute to iconic...

Published 02 Sep, 2024 06:40am

Monthly stipend of national legends’ families raised

KARACHI: A high-level meeting was held at Governor House under the chairmanship of Governor Sindh and ...

Updated 02 Sep, 2024 08:18am

The power sector conundrum

EDITORIAL: The petroleum minister recently informed the Senate Standing Committee that a massive power generation...

Updated 02 Sep, 2024 07:10am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday September 01, 2024

Published 02 Sep, 2024 06:40am

Energy

Major Qatari plant to double solar capacity by 2030: minister

DOHA: A large new solar plant planned in Qatar will double the Gulf emirate’s previously projected renewable ...

Published 02 Sep, 2024 06:40am

A requiem for manufacturing?

Amidst a deepening economic crisis, the government seems intent on pushing the economy’s most vital sector—the...

Updated 02 Sep, 2024 07:25am

Letters

‘Innovative solutions to terrorism and extremism’

This is apropos my letter to the Editor ‘Innovative solutions to terrorism and extremism’ carried by the...

Published 02 Sep, 2024 06:40am

Confronting the malnutrition crisis

EDITORIAL: The state of women’s health in Pakistan has long been undermined by governmental neglect and deeply...

Updated 02 Sep, 2024 07:12am

The IPP negotiation dilemma: govt required to step back?

Negotiations with Independent Power Producers (IPPs), particularly those involving local owners under the 1994 and...

Updated 02 Sep, 2024 07:22am

Stability versus general well-being

Minister for Finance Muhammad Aurangzeb since he took oath ten days less than six months on 12 March 2024 has...

Updated 02 Sep, 2024 07:16am

Cotton & Textile

Weekly Cotton Review: Prices surge significantly as rains affect supply

KARACHI: A significant surge has been observed in cotton prices, with a Rs1000 per maund increase in spot rates. The...

Published 02 Sep, 2024 06:40am

Commodities

Prices of essential food items show a mixed trend

According to...

Published 02 Sep, 2024 06:40am

Stocks

Wall Street Week Ahead: US stock rally broadens as investors await Fed

NEW YORK: A broadening rally in US stocks is offering an encouraging signal to investors worried about concentration...

Published 02 Sep, 2024 06:40am

Stocks

Miners, energy push Australian shares higher

SYDNEY: Australian shares rose on Friday, boosted by gains in mining and energy stocks amid a slew of corporate...

Published 02 Sep, 2024 06:40am

Rates

Marginal decline

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

Published 02 Sep, 2024 06:40am

Inflation decline, credit rating hike: PM derives satisfaction from indicators

Says government committed to economic reforms

Updated 02 Sep, 2024 03:28pm

PSDP projects: Ministries, Divisions asked to ‘cut your coat according to cloth’

ISLAMABAD: Ministry of Planning, Development and Special Initiatives (M/oPD&SI) has advised all Ministries/...

Updated 02 Sep, 2024 09:31am

Jul-Aug: there’s Rs98bn shortfall, admits FBR

Despite higher tax rates, net collection stands at Rs1,456 billion against assigned target of Rs1,554 billion during two-month period

Updated 02 Sep, 2024 11:56am

Rates

PSX remains under pressure

KARACHI: Pakistan Stock Exchange remained under pressure during the outgoing week ended on August 30, 2024 due to...

Published 02 Sep, 2024 06:40am

Rates

Futures spread down 621bps

KARACHI: The futures spread declined by 621bps to 11.45 percent on the last day of the outgoing week. Trading...

Published 02 Sep, 2024 06:40am

CAA issues new guidelines on boarding in response to complaints

KARACHI: The Civil Aviation Authority (CAA) has implemented new guidelines to address passenger complaints regarding...

Published 02 Sep, 2024 06:40am

‘PC (Amendment) Bill, 2024’ to be presented in NA today

ISLAMABAD: The government on Monday (today) would present “The Privatisation Commission (Amendment) Bill, 2024” in...

Updated 02 Sep, 2024 09:13am

Conversion of power plants to Thar coal: Govt likely to ask local banks for financing

ISLAMABAD: The government is likely to ask local banks to finance conversion of imported coal projects to Thar coal...

Updated 02 Sep, 2024 03:28pm

PQEPC exploring options to resolve its financial woes

ISLAMABAD: Port Qasim Electric Power Company Limited (PQEPC) has reportedly discussed debt restructuring, loan...

Updated 02 Sep, 2024 09:22am

2024-25: PSDP allocation for NHA cut to Rs161.264bn

ISLAMABAD: A mere two months into the fiscal year, the government slashed the Public Sector Development Programme...

Updated 02 Sep, 2024 09:37am

PTI denies holding negotiations with govt

ISLAMABAD: Chairman Pakistan Tehreek-e-Insaf (PTI) Barrister Gohar Ali Khan on Sunday categorically denied having...

Updated 02 Sep, 2024 09:09am

Islamic financing helps govt save billions

KARACHI: The cash-strapped government is saving billions of rupees on account of raising financing through selling...

Updated 02 Sep, 2024 09:08am

Promotion of tourism: Stakeholders call for optimal utilisation of fisheries sector

PESHAWAR: The stakeholders of the fisheries’ sector including fish farmers and people of the tourists’ attractive...

Updated 02 Sep, 2024 09:27am

Algeria joins the BRICS New Development Bank

ALGIERS: Algeria has been approved for membership in the BRICS New Development Bank (NDB), the country’s finance...

Published 02 Sep, 2024 06:40am

India growth slows to 6.7pc on lower consumer spending

MUMBAI: India’s economic growth slowed to 6.7 percent on-year in the April-June quarter, official data showed...

Published 02 Sep, 2024 06:40am

Germany confirms economy shrank in Q2

FRANKFURT: The German economy shrank by 0.1 percent in the second quarter, final data confirmed Tuesday, weighed ...

Published 02 Sep, 2024 06:40am

Eurozone inflation falls to three-year low in August

BRUSSELS: Eurozone inflation fell to its lowest level in more than three years this month thanks to falling energy...

Published 02 Sep, 2024 06:40am

Companies

Goldman Sachs to lay off over 1,300 employees, WSJ reports

BENGALURU: Goldman Sachs plans to cut more than 1,300 employees from its global workforce as part of an annual ...

Published 02 Sep, 2024 06:40am

Industry

KP-EZDMC CEO removed in violation of rules, procedures?

PESHAWAR: The PTI government in Khyber Pakhtunkhwa has removed Chief Executive Officer (CEO) Khyber Pakhtunkhwa...

Published 02 Sep, 2024 06:40am

Companies

Dragons of Pakistan: Faysal Bank secures a ‘Silver Dragon’

KARACHI: The “Dragons of Pakistan” which is an extension of the international ‘Dragons of Asia’ are...

Published 02 Sep, 2024 06:40am

Money & Banking

Canadian dollar falls against the greenback

TORONTO: The Canadian dollar held on to much of its monthly gain against its US counterpart on Friday as investors...

Published 02 Sep, 2024 06:40am

Higher taxation: BMP says govt has failed to pass on oil price decline to consumers

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel has sought reduction in...

Updated 02 Sep, 2024 09:12am

Industry

BF will win SCCI election on performance basis: Bilour

PESHAWAR: Businessman Forum leader former senator Ilyas Ahmad Bilour is highly optimistic over prospects of the...

Published 02 Sep, 2024 06:40am

Industry

HCSTSI president for bolstering border trade to boost economic activities

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

Published 02 Sep, 2024 06:40am

President confirms FTO’s order against FBR’s ‘coercive measures’

Taxes

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 11	280.53
USD PKR Interbank Buying / Apr 11	280.28
USD to Japanese Yen / Apr 11	143.90
USD to Swiss Franc / Apr 11	0.82
Pound Sterling to USD / Apr 11	1.30
Euro to USD / Apr 11	1.13
UK LIBOR % / Apr 10	4.96

Stock	Volume
S&P 500 / Apr 10	5,268.05
Nasdaq / Apr 10	16,387.31
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
India Sensex / Apr 11	75,343.21
Tokyo Nikkei / Apr 11	33,533.93
Hang Seng / Apr 11	21,054.61

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 10	16,785
Gold 10 Grams PKR / Apr 10	281,893
Petrol/Litre / Apr 11	254.63
Crude Oil USD/Barrel / Apr 11	60.77
Gold Spot USD/Ounce / Apr 11	3,196.67
Diesel/Litre / Apr 11	258.64
Cotton US¢/pound / Apr 11	67.35

Gainers
Losers
Leaders

Stock	Price
Calcorp Ltd / Apr 11 Calcorp Limited(CASH)	37.24 ▲ 3.39 (10.01%)
Pak Gulf Leasing / Apr 11 Pak-Gulf Leasing Company Limited(PGLC)	19.57 ▲ 1.78 (10.01%)
Bawany Air Products / Apr 11 Bawany Air Products Limited(BAPL)	28.91 ▲ 2.63 (10.01%)
ZIL Limited / Apr 11 ZIL Limited(ZIL)	295.72 ▲ 26.88 (10%)
GlaxoSmithKline / Apr 11 GlaxoSmithKline Pakistan Limited(GLAXO)	457.94 ▲ 41.63 (10%)
PIA Holding Co.B / Apr 11 PIA Holding Company Limited B(PIAHCLB)	1,329.45 ▲ 120.86 (10%)
J.A.Textile / Apr 11 J.A. Textile Mills Limited(JATM)	25.70 ▲ 2.13 (9.04%)
Honda Atlas Cars / Apr 11 Honda Atlas Cars (Pakistan) Limited(HCAR)	317 ▲ 25.22 (8.64%)
Sanghar Sugar / Apr 11 Sanghar Sugar Mills Limited(SANSM)	56.99 ▲ 4.3 (8.16%)
Saritow Spinning / Apr 11 Saritow Spinning Mills Limited(SSML)	16.94 ▲ 1.26 (8.04%)

Stock	Price
Diamond Ind. / Apr 11 Diamond Industries Limited(DIIL)	28.80 ▼ -3.2 (-10%)
Blue-Ex Ltd / Apr 11 Blue-Ex Limited (GEM)(GEMBLUEX)	60.78 ▼ -6.7 (-9.93%)
Oilboy Energy(R) / Apr 11 Oilboy Energy Limited(R)(OBOYR2)	2.03 ▼ -0.22 (-9.78%)
Apna Microfin. / Apr 11 Apna Microfinance Bank Limited(AMBL)	10.30 ▼ -1.09 (-9.57%)
National Silk / Apr 11 The National Silk & Rayon Mills Limited(NSRM)	31.01 ▼ -2.99 (-8.79%)
Idrees Tex. / Apr 11 Idrees Textile Mills Limited(IDRT)	18.31 ▼ -1.72 (-8.59%)
Noon Sugar / Apr 11 Noon Sugar Mills Limited(NONS)	71.10 ▼ -6.61 (-8.51%)
Trust Sec.& Brok. / Apr 11 Trust Securities & Brokerage Limited(TSBL)	12.30 ▼ -1.13 (-8.41%)
Sally Textile / Apr 11 Sally Textile Mills Limited(SLYT)	8.30 ▼ -0.65 (-7.26%)
Nazir Cotton Mills / Apr 11 Nazir Cotton Mills Limited(NCML)	11 ▼ -0.84 (-7.09%)

Stock	Volume
Cnergyico PK / Apr 11 Cnergyico PK Limited(CNERGY)	86,573,180 ▼ -0.13
K-Electric Ltd. / Apr 11 K-Electric Limited(KEL)	57,922,646 ▼ -0.06
Sui South Gas / Apr 11 Sui Southern Gas Company Limited(SSGC)	44,734,661 ▲ 1.05
Pak Int.Bulk / Apr 11 Pakistan International Bulk Terminal(PIBTL)	37,973,873 ▼ -0.11
Maple Leaf Cement / Apr 11 Maple Leaf Cement Factory Limited(MLCF)	21,075,820 ▼ -0.62
Pak Elektron / Apr 11 Pak Elektron Limited(PAEL)	20,807,377 ▲ 1.69
Fauji Cement / Apr 11 Fauji Cement Company Limited(FCCL)	19,242,425 ▼ -0.85
Citi Pharma Ltd / Apr 11 Citi Pharma Limited(CPHL)	17,435,634 ▲ 6.25
WorldCall Telecom / Apr 11 Worldcall Telecom Limited(WTL)	16,890,477 ▼ -0.01
Sui North Gas / Apr 11 Sui Northern Gas Pipelines Limited(SNGP)	12,341,002 ▼ -0.04

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