News Archives for Print - 2024-09-11

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Print - 2024-09-11

USA

US election debate: Harris, Trump go on the attack in first debate's opening moments

The two meet face to face for the first time
A tight race with eight weeks to go before Election Day
For Harris, a chance to introduce herself to voters

Updated 11 Sep, 2024 12:23pm

Minister hosts networking dinner ahead of IMSEC

KARACHI: The International Maritime Sustainability Exhibition & Conference Pakistan 2024 (IMSEC 2024) is...

Published 11 Sep, 2024 06:31am

The Weather

KARACHI: The weather report on Tuesday (September 10, 2024) and the forecast for Wednesday (September 11, 2024)...

Published 11 Sep, 2024 06:31am

PTI demands severe action against those who ‘stormed’ Parliament House

ISLAMABAD: Amid heated arguments and exchange of accusations between government and opposition lawmakers in the...

Published 11 Sep, 2024 06:31am

PTI female senator’s membership suspended for two days

ISLAMABAD: In an unusual move, Chairman Senate Yousaf Raza Gilani on Tuesday suspended the legislative membership of...

Published 11 Sep, 2024 06:31am

Amna to assume foreign secretary’s charge today

ISLAMABAD: Muhammad Syrus Sajjad Qazi retired as Pakistan’s 32nd foreign secretary on Tuesday who will be replaced...

Published 11 Sep, 2024 06:31am

IEEEP Fair: energy minister vows full support

KARACHI: Sindh Minister of Energy, Syed Nasir Hussain Shah has said that his department stands fully committed to...

Updated 11 Sep, 2024 08:50am

Sindh govt approves 12 innovative crop varieties

KARACHI: In a significant move towards boosting agricultural productivity, the Sindh government has approved 12...

Published 11 Sep, 2024 06:31am

NLC organises training session on ‘defensive driving’

ISLAMABAD: The National Logistics Corporation (NLC), in collaboration with International Road Transport Union (IRU),...

Published 11 Sep, 2024 06:31am

SU to hold academic convocation next month

HYDERABAD: The University of Sindh, Jamshoro will hold its Academic Convocation for the years 2019-2023 tentatively...

Published 11 Sep, 2024 06:31am

Germany, France, UK slap sanctions on Iran over missiles for Russia

BERLIN: Germany, France and Britain on Tuesday condemned what they said was Iran’s delivery of ballistic missiles...

Published 11 Sep, 2024 06:31am

Party re-organisation: Nawaz to undertake countrywide tour

LAHORE: As a part of the PML-N re-organisation drive, the PML-N President Nawaz Sharif is learnt to have decided to...

Published 11 Sep, 2024 06:31am

‘Joint Check-Post Wagah’: Expansion project to be completed by Dec 2025: NESPAK

LAHORE: The Punjab government is busy giving a new look to the joint check post at Wagah border along the...

Published 11 Sep, 2024 06:31am

Pakistan to join protests across Asia against fossil fuels on 13th

LAHORE: On September 13, Pakistan will join a wave of protests sweeping across Asia, calling for an end to fossil...

Published 11 Sep, 2024 06:31am

Punjab cabinet approves province’s first policy on climate change challenge

LAHORE: The Punjab Cabinet has approved the province’s first-ever comprehensive climate change policy and action...

Published 11 Sep, 2024 06:31am

US steps up sanctions over Iran missile deliveries to Russia

WASHINGTON: The United States on Tuesday unveiled fresh sanctions against more than a dozen firms and individuals in...

Published 11 Sep, 2024 06:31am

Power thefts: LESCO to improve prosecution procedures

LAHORE: The Lahore Electric Supply Company (LESCO) has taken a significant step towards combating power theft by...

Published 11 Sep, 2024 06:31am

‘Life Savers Initiative for Universities and Colleges’ launched

LAHORE: The Minister for Health and Emergency Services and provincial Minster for Education Tuesday lunched ‘Life...

Published 11 Sep, 2024 06:31am

‘Maryam Ki Dastak’ extended to 11 districts

LAHORE: The scope of the ‘Maryam Ki Dastak’, a Punjab government initiative to improve public service delivery ...

Published 11 Sep, 2024 06:31am

Russia, China join forces for major naval exercise

MOSCOW: Russian and Chinese warships began joint drills in the Sea of Japan on Tuesday, part of a major naval...

Published 11 Sep, 2024 06:31am

When real intelligence is lost

Hit the bottom. New low. Down and out. The performance of the cricket team has been stunning. Words are not enough....

Published 11 Sep, 2024 06:31am

Letters

‘Overcapacity dilemma: mismanagement or misjudgment?’

This is apropos a letter to the Editor titled ‘Overcapacity dilemma: mismanagement or misjudgment?’ carried by...

Updated 11 Sep, 2024 08:53am

The rise and fall of MNCs in Pakistan

The Multinational Corporations (MNCs) are exiting. The MNC bonanza draws to minimalism. The high and mighty have ...

Published 11 Sep, 2024 06:31am

PARTLY FACETIOUS: The low-hanging fruit were the PTI parliamentarians

“What’s your take on all this?” “Well, the rats are away and the…” “Rats? It’s more like playing cops and robbers,...

Updated 11 Sep, 2024 08:24am

Stocks

Wall Street slips in lead up to inflation data

NEW YORK: Wall Street’s main indexes fell on Tuesday ahead of key inflation data later this week that could ...

Published 11 Sep, 2024 06:31am

Stocks

Banks, energy stocks weigh on European bourses

FRANKFURT: European equity markets largely lost ground on Tuesday, weighed by bank and energy stocks as investors...

Published 11 Sep, 2024 06:31am

Stocks

Nikkei falls for sixth day ahead of US inflation data

TOKYO: Japan’s Nikkei share average fell for a sixth straight session on Tuesday as investors exercised caution...

Published 11 Sep, 2024 06:31am

Stocks

China stocks wobble near 7-month low

SHANGHAI: Chinese stocks ended slightly higher on Tuesday after its blue-chip index hit a 7-month low in the ...

Published 11 Sep, 2024 06:31am

Stocks

IT and pharma stocks nudge Indian shares higher

BENGALURU: Indian shares recovered from a lacklustre start to end higher on Tuesday, with IT and pharma stocks...

Published 11 Sep, 2024 06:31am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 10, 2024)....

Published 11 Sep, 2024 06:31am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (September 10, 2024). ==================================== ...

Published 11 Sep, 2024 06:31am

Gohar released

ISLAMABAD: The capital police on Tuesday released Pakistan Tehreek-Insaf (PTI) chairman Barrister Gohar Ali Khan...

Published 11 Sep, 2024 06:31am

Discos: privatisation can be a solution

Privatisation has long been touted as a catalyst for economic growth, and for good reason. By introducing private...

Published 11 Sep, 2024 06:31am

President underscores need for following guiding principles of Quaid-e-Azam

ISLAMABAD: President Asif Ali Zardari has urged the nation to follow Quaid-e-Azam Muhammad Ali Jinnah’s principles...

Published 11 Sep, 2024 06:31am

Flood-hit areas of Balochistan: Minister directs authorities to provide necessary services to victims

ISLAMABAD: Federal Minister for Planning Ahsan Iqbal directed the authorities to provide education, healthcare, and...

Published 11 Sep, 2024 06:31am

Eateries at Margalla Hills National Park: SC upholds its verdict

ISLAMABAD: The Supreme Court upheld its judgment in review petitions of Monal Restaurant and others to shift their...

Published 11 Sep, 2024 06:31am

Briefing by Dr Bharath on polio campaign: ‘286,000 workers to make door-to-door visits across country’

ISLAMABAD: Prime Minister’s Coordinator on National Health Services and Regulations Dr Mukhtar Ahmad Bharath,...

Published 11 Sep, 2024 06:31am

‘KE committed to cracking down on theft despite resistance’

KARACHI: K-Electric’s aggressive citywide anti-theft crackdown is being fiercely resisted by the kunda mafia who...

Published 11 Sep, 2024 06:31am

Minister calls for digital inclusion to empower women

ISLAMABAD: Federal Minister for Commerce, Jam Kamal Khan on Tuesday called for digital inclusion to empower women in...

Published 11 Sep, 2024 06:31am

LHC reinstates Lt-Gen Munir Afsar as Nadra chairman

LAHORE: A division bench of the Lahore High Court (LHC) on Tuesday reinstated Lieutenant General Munir Afsar, as...

Published 11 Sep, 2024 06:31am

Six PTI leaders given into police remand

ISLAMABAD: The Anti-Terrorism Court (ATC), on Tuesday, handed over six Pakistan Tehreek-e-Insaf (PTI) leaders to...

Published 11 Sep, 2024 06:31am

Bill aimed at raising number of judges in SC introduced in NA

ISLAMABAD: The Supreme Court (Number of judges) (Amendment) Bill, 2024 was introduced in the National Assembly to...

Updated 11 Sep, 2024 09:28am

Companies

CCP recovers Rs27m in penalties from PSM, Reliance Paints

ISLAMABAD: The Competition Commission of Pakistan (CCP) has successfully recovered Rs 27 million in penalties from...

Published 11 Sep, 2024 06:31am

Rates

Blue chips lead rally

KARACHI: Pakistan Stock Exchange on Tuesday witnessed a bullish trend and registered healthy gains on the back of...

Published 11 Sep, 2024 06:31am

SC says remarks of CJP reported ‘needlessly and inaccurately’

ISLAMABAD: The Supreme Court of Pakistan has clarified that off-the-record comments made by Chief Justice Qazi Faez...

Updated 11 Sep, 2024 08:51am

Govt decides to expedite process of sending PWD projects to provinces

ISLAMABAD: Minister for Planning, Development and Special Initiatives has decided to expedite the process of...

Updated 11 Sep, 2024 09:10am

Commodities

Gold prices gain momentum

KARACHI: The local gold prices on Tuesday gained momentum as the international bullion value again hit $2500 an...

Published 11 Sep, 2024 06:31am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (September 10, 2024). ======================================= ...

Published 11 Sep, 2024 06:31am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (September 10, 2024)...

Published 11 Sep, 2024 06:31am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (September 10, 2024)....

Published 11 Sep, 2024 06:31am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (September 10, 2024). ======================== Open ...

Published 11 Sep, 2024 06:31am

Forex

Open market rates of foreign currencies

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

Published 11 Sep, 2024 06:31am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (September 10, 2024). ========================== KIBOR...

Published 11 Sep, 2024 06:31am

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 11 Sep, 2024 06:31am

Rates

LME official prices

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

Published 11 Sep, 2024 06:31am

Commodities

Progress on uplift of agri sector reviewed

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif said on Tuesday they are introducing Kissan Cards, Agricultural...

Published 11 Sep, 2024 06:31am

Commodities

PMEX daily trading report

KARACHI: OnMondayat PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR26.535 billion and...

Published 11 Sep, 2024 06:31am

Commodities

Japan rubber futures hit one-week high

SINGAPORE: Japanese rubber futures advanced for the third straight session to touch a one-week high on Tuesday,...

Published 11 Sep, 2024 06:31am

Cotton & Textile

Spot Rate remains unchanged at Rs18,300 per maund

LAHORE: The local cotton market on Tuesday remained steady and the trading volume remained satisfactory. Cotton...

Published 11 Sep, 2024 06:31am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (September 10, 2024)...

Published 11 Sep, 2024 06:31am

Commodities

Gold holds firm above $2,500 level as US inflation data looms

NEW YORK: Gold prices held firm above the $2,500 level on Tuesday as market participants positioned themselves ahead...

Published 11 Sep, 2024 06:31am

Commodities

Palm oil ends lower as August inventories rise

NEW DELHI: Malaysian palm oil futures ended lower on Tuesday after industry data showed inventories in the world’s...

Published 11 Sep, 2024 06:31am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 186,831 tonnes of cargo comprising 114,647 tonnes of import cargo and 72,184 ...

Published 11 Sep, 2024 06:31am

Commodities

Copper slides on fund selling, China demand concerns

LONDON: Copper prices retreated on Tuesday on fund selling amid persistent worries about the health of the Chinese...

Published 11 Sep, 2024 06:31am

Commodities

Iron ore ticks down on tepid Chinese demand outlook

SINGAPORE: Iron ore futures prices dipped on Tuesday, surrendering earlier gains, as the weakening Chinese demand...

Published 11 Sep, 2024 06:31am

Commodities

London cocoa prices slip back, sugar also falls

LONDON: London cocoa futures on ICE fell on Tuesday, erasing most of the prior session’s gains, while raw sugar...

Published 11 Sep, 2024 06:31am

Energy

US natural gas markets point to steep price rise in 2025

LITTLETON: The northern hemisphere summer has not yet officially finished, but United States natural gas markets are...

Published 11 Sep, 2024 06:31am

Commodities

China imports record 12.14m tons of soybeans in August

BEIJING: China brought in a record 12.14 million metric tons of soybeans in August, as traders stock up on the back...

Published 11 Sep, 2024 06:31am

Commodities

Commodity Futures Market: SECP, CFTC hold training session

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) in collaboration with the US Commodity Futures...

Published 11 Sep, 2024 06:31am

IMF: New Programme could be last Programme

EDITORIAL: Federal Finance Minister Muhammad Aurangzeb speaking during the Senate session on Monday stated that if...

Published 11 Sep, 2024 06:31am

Security challenges emanating from Kabul

EDITORIAL: Bearing the brunt of relentless attack by TTP (Tehreek-e-Taliban Pakistan) terrorists ensconced in...

Published 11 Sep, 2024 06:31am

‘Revenue drop is due to economic slowdown, less imports’

KARACHI: Chairman of the FPCCI Advisory Board and National Business Group Pakistan and the President of Pakistan...

Published 11 Sep, 2024 06:31am

Money & Banking

Monetary Policy tomorrow

KARACHI: The Monetary Policy Committee (MPC) of SBP will meet on Thursday, September 12, 2024 to decide about the...

Published 11 Sep, 2024 06:31am

Money & Banking

China’s yuan dips on firmer dollar

HONG KONG: China’s yuan eased slightly against the firmer dollar on Tuesday, but losses were capped by...

Published 11 Sep, 2024 06:31am

Money & Banking

US dollar falls against major currencies

NEW YORK: The dollar slid against major currencies on Tuesday, consolidating Monday’s gains ahead of key inflation...

Published 11 Sep, 2024 06:31am

Money & Banking

Philippine peso leads decline among weak Asian FX

BENGALURU: Asian currencies were subdued on Tuesday, with the Philippine peso leading losses, as investors took a...

Published 11 Sep, 2024 06:31am

Industry

Various reforms in gemstone sector approved

ISLAMABAD: In the meeting of the Prime Minister’s Steering Committee for Gemstones, important decisions have been...

Published 11 Sep, 2024 06:31am

Industry

APTMA says business leadership can turn country into an ‘economic power’

LAHORE: While stressing the unity of the business community, Patron-in-Chief Aptma Dr Gohar Ejaz has said that the...

Published 11 Sep, 2024 06:31am

Legislation related to privatisation of loss-making SOEs: Minister says govt will need support of Parliament

Finance Minister Muhammad Aurangzeb says loss-making state-owned enterprises causing one trillion rupees of 'drag' to the exchequer

Updated 11 Sep, 2024 09:34am

13th Ijarah Sukuk auction set for 16th: PSX

KARACHI: Pakistan Stock Exchange has announced that the 13th auction for the GoP Ijarah Sukuk (GIS) is planned to be...

Published 11 Sep, 2024 06:31am

Aurangzeb says agriculture, IT key economic drivers

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has said that agriculture and...

Published 11 Sep, 2024 06:31am

PTA drafts ‘Accounting Separation (1st Amendment) Regulations, 2024’

ISLAMABAD: Pakistan Telecommunication Authority (PTA) drafted “Accounting Separation (1st Amendment) Regulations,...

Updated 11 Sep, 2024 09:31am

‘Establishment has deceived us,’ says embittered IK

ISLAMABAD: Incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman, Imran Khan, on Tuesday, directed his party...

Updated 11 Sep, 2024 08:44am

Suki Kinari Hydropower Project: Inauguration ceremony likely to be postponed till COD achievement

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has proposed that inauguration of 884 MW Suki Kinari...

Updated 11 Sep, 2024 08:44am

NLC ready to help boost imports thru Gwadar Port

ISLAMABAD: The government has decided to start 50 percent public sector imports from Gwadar Port destined for...

Updated 11 Sep, 2024 08:53am

Budgetary support: Jul-Aug borrowing drops 58pc to Rs660.3bn YoY

KARACHI: The federal government’s borrowing from scheduled banks for budgetary support saw a sharp decline of 58...

Updated 11 Sep, 2024 08:55am

Senate panel seeks details of 82 SOEs

ISLAMABAD: The Senate Functional Committee on Devolution on Tuesday sought details of 82 state-owned enterprises...

Updated 11 Sep, 2024 08:55am

Monthly TBML-related STRs’ volume surges 398pc: ADB

ISLAMABAD: Pakistan’s monthly trade-based money laundering (TBML) related suspicious transaction reports (STRs)...

Updated 11 Sep, 2024 09:26am

Industry

Authorities directed to remove seven batches of drugs immediately

ISLAMABAD: In a bid to purge drug market of spurious/falsified drug products the Drug Regulatory Authority of...

Published 11 Sep, 2024 06:31am

Industry

Shandong CCI China’s delegation visits LCCI

LAHORE: A high-level delegation from the Shandong Chamber of Commerce & Industry, China visited the Lahore...

Published 11 Sep, 2024 06:31am

Industry

Sohail Pasha elected PTEA chairman unopposed

FAISALABAD: Pakistan Textile Exporters Association (PTEA) has elected unopposed Sohail Pasha as the Chairman of ...

Published 11 Sep, 2024 06:31am

Companies

Samsung faces rare employee backlash in India

SRIPERUMBUDUR (India): Samsung Electronics’ production at a key plant in southern India was disrupted for a second...

Published 11 Sep, 2024 06:31am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	281.85
USD PKR Interbank Buying / Mar 28	279.71
USD to Japanese Yen / Mar 28	149.88
USD to Swiss Franc / Mar 28	0.88
Pound Sterling to USD / Mar 28	1.29
Euro to USD / Mar 28	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 28	5,580.94
India Sensex / Mar 28	77,414.92
Tokyo Nikkei / Mar 28	37,120.33
Nasdaq / Mar 28	17,322.99
Hang Seng / Mar 28	23,426.60
FTSE 100 / Mar 28	8,658.85
Dow Jones / Mar 28	41,583.90
Germany DAX 30 / Mar 28	22,461.52
France CAC40 / Mar 28	7,916.08

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Crude Oil USD/Barrel / Mar 28	69.10
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Gold Spot USD/Ounce / Mar 28	3,117.20
Cotton US¢/pound / Mar 28	66.90
Petrol/Litre / Mar 30	255.63
Diesel/Litre / Mar 30	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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