News Archives for Print - 2024-09-12

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Print - 2024-09-12

MENA

Dubai’s DXB airport tops Middle East ranking of most connected airports in the world: report

The OAG Megahubs Index 2023 reveals the most internationally connected airports in the world

Published 12 Sep, 2024 06:30am

Punjab govt to expand ‘Clinic on Wheels’ scheme to 112 tehsils

LAHORE: The Punjab government has decided to expand the ‘Clinic on Wheels’ in 112 tehsils of Punjab which offers...

Published 12 Sep, 2024 03:48am

The Weather

KARACHI: The weather report on Wednesday (September 11, 2024) and the forecast for Thursday (September 12, 2024)...

Published 12 Sep, 2024 03:48am

The hidden price of protectionism: Pakistan’s tariff trap

Since Pakistan’s independence in 1947, protectionist policies have been the hallmark of the country’s economic...

Published 12 Sep, 2024 03:48am

Bano Qabil’s IT courses for madaaris teachers announced

KARACHI: Alkhidmat Karachi has announced the opening of its free IT education programme - Bano Qabil for teachers of...

Published 12 Sep, 2024 03:48am

PHC grants transit bail to PTI leaders

PESHAWAR: Peshawar High Court on Wednesday granted transit bail to Pakistan Tehreek-e-Insaf (PTI) leaders Omar Ayub,...

Published 12 Sep, 2024 03:48am

Industry

BML partners with NCR, Wavetec to elevate self-banking network

KARACHI: Bank Makramah Limited (BML) has entered into an agreement with NCR Corporation and Wavetec (NCR Channel...

Published 12 Sep, 2024 03:48am

‘Raid’ on NA Speaker suspends five security sergeants

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq has suspended five security sergeants of Lower House of the...

Published 12 Sep, 2024 03:48am

Baloch takes charge as foreign secretary

ISLAMABAD: Ambassador Amna Baloch on Wednesday assumed charge as the country’s 33rd Foreign Secretary and the...

Published 12 Sep, 2024 03:48am

Resolving Parliament House’s issues: Opposition, treasury benches unanimously adopt motion to form 16-member body

ISLAMABAD: In wake of arrests of Pakistan Tehreek-e-Insaf (PTI) MNAs from inside the Parliament House by...

Published 12 Sep, 2024 03:48am

Gohar secures production orders for detained party legislators

ISLAMABAD: A delegation of Pakistan Tehreek-e-Insaf (PTI) led by Chairman Barrister Gohar Ali Khan successfully...

Published 12 Sep, 2024 03:48am

Efforts being made to revamp PTV: information minister

ISLAMABAD: Minister for Information and Broadcasting Attaullah Tarar said that efforts are being made to revamp...

Published 12 Sep, 2024 03:48am

CM reviews law & order matters in Punjab

LAHORE: “Protection of life and property of the people of Punjab is my foremost responsibility,” said Chief...

Published 12 Sep, 2024 03:48am

ECP decision: Justice Iqbal of LHC refers PTI’s petition to CJ

LAHORE: Justice Chaudhry Muhammad Iqbal of the Lahore High Court on Wednesday referred a petition of PTI against an...

Published 12 Sep, 2024 03:48am

Submission of challans in e criminal cases: LHC directs Punjab police to enforce centralised system

LAHORE: The Chief Justice Lahore High Court Aalia Neelum on Wednesday gave 15-day time to the Punjab police to...

Published 12 Sep, 2024 03:48am

LHC directs FIA to close cybercrime probe against journalist

LAHORE: The Chief Justice Lahore High Court (LHC) Aalia Neelum on Wednesday directed the Federal Investigation ...

Published 12 Sep, 2024 03:48am

Crackdown launched on retailers selling non-tax-paid cigarettes

LAHORE: To address the escalating issue of illicit cigarette trade in Pakistan, a crackdown has been launched on...

Published 12 Sep, 2024 03:48am

Death anniversary of Quaid-e-Azam observed

LAHORE: The 76th death anniversary of the father of the nation, Quaid-e-Azam Muhammad Ali Jinnah was observed with...

Published 12 Sep, 2024 03:48am

Fifth mpox case confirmed in KP

ISLAMABAD: The Ministry of National Health Services and Regulations, Wednesday, announced confirmation of fifth mpox...

Published 12 Sep, 2024 03:48am

Govt seeks transfer of ‘SC dam fund’ money to public account

ISLAMABAD: The federal government has requested the Supreme Court that the money collected for the construction of...

Published 12 Sep, 2024 03:48am

Climate ministry, attached depts.: AGP detects massive malfeasance

ISLAMABAD: The Auditor General of Pakistan (AGP) has detected irregularities to the tune of millions of rupees in ...

Published 12 Sep, 2024 03:48am

Experts highlight water management, food security issues

ISLAMABAD: Experts in a policy dialogue highlighted urgent need to address water management and food security in the...

Published 12 Sep, 2024 03:48am

JI slams power tariffs hike

KARACHI: Jamaat-e-Islami on Wednesday criticised the federal government’s decision to increase electricity ...

Published 12 Sep, 2024 03:48am

Iran president deepens Iraq ties on first foreign trip

BAGHDAD: Iran and Iraq on Wednesday signed more than a dozen agreements to deepen already strong ties as Masoud...

Published 12 Sep, 2024 03:48am

US, UK top diplomats vow Ukraine victory as they discuss long-range arms

KYIV (Ukraine): The US and British top diplomats vowed Wednesday to work together for Ukraine’s victory as they...

Published 12 Sep, 2024 03:48am

Fed seen cutting policy rate by 25 bps next week

WASHINGTON: US central bankers will likely start long-awaited interest-rate cuts next week with a...

Published 12 Sep, 2024 03:48am

Harris and Trump ride debate buzz into election sprint

NEW YORK: Kamala Harris and Donald Trump set out Wednesday to ride the momentum from their high-stakes debate into...

Published 12 Sep, 2024 03:48am

South Asia

BD seeks $5bn in emergency support to boost forex reserves

DHAKA: Bangladesh is appealing urgently for $5 billion in financial aid from major international lenders to ...

Published 12 Sep, 2024 03:48am

China’s Li, Saudi crown prince discuss cooperation

BEIJING/DUBAI: Chinese Premier Li Qiang and Saudi Crown Prince Mohammed Bin Salman discussed cooperation in several...

Published 12 Sep, 2024 03:48am

Baldia Town & Bund Road factories’ fire victims remembered

LAHORE: The Emergency Services Department remembered the victims of Baldia Town, Karachi, and Bund Road, Lahore...

Published 12 Sep, 2024 03:48am

Kissan Card will become operational from Oct 15: minister

LAHORE: Chief Minister Punjab’s “Kissan Card” being given to farmers to access ready credit for procuring crop...

Published 12 Sep, 2024 03:48am

Stocks

Wall St falls after inflation data dents bigger rate-cut hopes

NEW YORK: Wall Street’s main indexes fell on Wednesday after latest inflation numbers hit expectations of a bigger...

Published 12 Sep, 2024 03:48am

Cotton & Textile

Spot Rate increased by Rs200 to Rs18,500 per maund

LAHORE: The Spot Rate Committee of the Karachi Cotton Association on Wednesday increased the spot rate by Rs200 per...

Published 12 Sep, 2024 03:48am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (September 11, 2024)...

Published 12 Sep, 2024 03:48am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 158,950 tonnes of cargo comprising 74,525 tonnes of import cargo and 84,425...

Published 12 Sep, 2024 03:48am

Commodities

Palm oil ends higher on rising inventories

NEW DELHI: Malaysian palm oil futures ended marginally higher on Wednesday after industry data showed inventories in...

Published 12 Sep, 2024 03:48am

Commodities

Gold falls as CPI data dampens talk of over-sized US rate cut

NEW YORK: Gold prices fell on Wednesday as the dollar and Treasury yields firmed after US inflation data prompted...

Published 12 Sep, 2024 03:48am

Energy

Oil recovers on worries about Hurricane Francine

HOUSTON: Oil rebounded on worries about the impending impact of Hurricane Francine to crude oil production in the US...

Published 12 Sep, 2024 03:48am

Solar energy — a partial fix

There are intense discussions in the energy industry about excess capacity, increasing electricity costs, and...

Published 12 Sep, 2024 03:48am

The survival and growth of cotton

Cotton production is a cornerstone of Pakistan’s agricultural economy. Not only is it the backbone of the textile...

Published 12 Sep, 2024 03:48am

Energy

ICT consumers: Punjab govt withdraws Rs14/unit relief

ISLAMABAD: The Punjab government has withdrawn Rs14 per unit relief in tariff to domestic consumers of federal...

Published 12 Sep, 2024 03:48am

Rates

Stocks crash in frantic sell-off

KARACHI: Pakistan Stock Exchange on Wednesday opened on a positive note; however this trend could not continue and...

Published 12 Sep, 2024 03:48am

Stocks

Europe’s STOXX 600 little changed as focus shifts to ECB

FRANKFURT: European shares ended flat on Wednesday as gains in technology shares were offset by losses in real ...

Published 12 Sep, 2024 03:48am

Stocks

China stocks slip but sun shines on tariff-sensitive sectors

SINGAPORE: Chinese stock markets fell on Wednesday, with shares in energy companies leading losses as they tracked...

Published 12 Sep, 2024 03:48am

Rates

LME official prices

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

Published 12 Sep, 2024 03:48am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (September 11, 2024) . =======================================...

Published 12 Sep, 2024 03:48am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (September 11, 2024)...

Published 12 Sep, 2024 03:48am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 11, 2024) ....

Published 12 Sep, 2024 03:48am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (September 11, 2024) . ...

Published 12 Sep, 2024 03:48am

Forex

Open market rates of foreign currencies

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

Published 12 Sep, 2024 03:48am

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 12 Sep, 2024 03:48am

Commodities

Gold at new highs

KARACHI: The local gold prices on Wednesday surged to fresh historic highs as the global bullion value reached...

Published 12 Sep, 2024 03:48am

Letters

Overcapacity dilemma: mismanagement or misjudgment?

This is apropos two back-to-back letters by this writer to Editor titled ‘Overcapacity dilemma: mismanagement or...

Published 12 Sep, 2024 03:48am

PARTLY FACETIOUS: ‘I am ideologically on the same side as Harris…’

“I saw the Harris-Trump debate, and you know I don’t quite agree with the analysis by one major US news...

Published 12 Sep, 2024 03:48am

Stocks

Indian shares fall on profit booking

BENGALURU: Indian shares ended lower on Wednesday as investors booked profits across sectors, ahead of key US...

Published 12 Sep, 2024 03:48am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (September 11, 2024). ==========================...

Published 12 Sep, 2024 03:48am

Erosion of democratic norms

EDITORIAL: The fallout from the PTI (Pakistan Tehreek-e-Insaf) rally held on September 8 in Islamabad continues to...

Published 12 Sep, 2024 03:48am

AGP report

EDITORIAL: Auditor General of Pakistan (AGP) pointed out that the Federal Board of Revenue (FBR) has wrongly...

Published 12 Sep, 2024 03:48am

Commodities

Wheat rises as lower production outlook in Russia supports

SINGAPORE: Chicago wheat gained more ground on Wednesday, as expectations of lower output in Russia and tighter...

Published 12 Sep, 2024 03:48am

Commodities

Japan rubber futures snap 3-day rally on firmer yen

SINGAPORE: Japanese rubber futures snapped a three-session rally on Wednesday, weighed down by a firmer yen and as a...

Published 12 Sep, 2024 03:48am

Commodities

Nickel prices surge on Russia’s proposed export curb

LONDON: Nickel prices surged on Wednesday as major producer Russia proposed an export ban on the battery metal in...

Published 12 Sep, 2024 03:48am

Commodities

Iron ore moves sideways on Chinese demand uncertainty

SINGAPORE: Iron ore futures prices were mixed on Tuesday, as traders weighed concerns over China’s steel demand...

Published 12 Sep, 2024 03:48am

Commodities

PMEX daily trading report

KARACHI: OnTuesdayat PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR29.018 billion ...

Published 12 Sep, 2024 03:48am

Taylor Swift endorses Kamala Harris for president

NEW YORK: Taylor Swift, a self-declared “childless cat lady” and one of the world’s most popular and...

Published 12 Sep, 2024 03:48am

Money & Banking

Dollar hits three-week high vs Swiss franc

NEW YORK: The US dollar was mixed overall on Wednesday in choppy trading after data showed underlying inflation in...

Published 12 Sep, 2024 03:48am

Money & Banking

Indian rupee closes little change

MUMBAI: The Indian rupee ended little changed on Wednesday ahead of a closely watched US consumer inflation print...

Published 12 Sep, 2024 03:48am

Money & Banking

Asian currencies strengthen after US presidential debate

BENGALURU: Asian currencies edged higher on Wednesday while most equities slipped, as investors assessed the US...

Published 12 Sep, 2024 03:48am

Alhamra celebrates classical music with 2-day ‘Yaad-e-Salamat’ event

LAHORE: The Lahore Arts Council (Alhamra), in collaboration with the Sham Chaurasi Music Circle, hosted a two-day...

Published 12 Sep, 2024 03:48am

Pakistan, China agree to explore ways to further enhance trade

ISLAMABAD: Jam Kamal Khan, Federal Minister for Commerce held a meeting with Chinese Vice Minister of Commerce, on...

Published 12 Sep, 2024 03:48am

Acquisition of Telenor, Orion Towers: PTA gets application

ISLAMABAD: Pakistan Telecommunication Authority (PTA) has received the application for the grant of approval of the...

Updated 12 Sep, 2024 09:05am

BF Biosciences plans to raise up to Rs1.93bn through IPO

KARACHI: BF Biosciences Limited plans to raise Rs1.38 billion to Rs1.93 billion through issuing 28.3 percent new...

Published 12 Sep, 2024 03:48am

CDA approves to revive cinema industry in Islamabad

ISLAMABAD: The Capital Development Authority (CDA) approved revitalization of cinema industry in Islamabad. The ...

Published 12 Sep, 2024 03:48am

SCCI files plea against contracts with IPPs

PESHAWAR: A writ petition was filed by Sarhad Chamber of Commerce and Industry in Peshawar High Court against...

Updated 12 Sep, 2024 09:04am

Q4FY24 adjustment: Tariffs of Discos, KE raised by Rs1.74/unit

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has increased tariffs of Discos and K-Electric...

Updated 12 Sep, 2024 09:12am

Finance Division notifies 10-year limit for family pension

ISLAMABAD: The Finance Division has notified that ordinary family pension, after the death or ineligibility of the...

Updated 12 Sep, 2024 09:24am

Export of unutilised sugar quota: Cabinet ties extension to grower payment

ISLAMABAD: The federal cabinet has decided that 15 days’ extension in export of unutilized quota is not for those...

Updated 12 Sep, 2024 10:09am

Gas use for industrial processes also first priority: ECC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved a proposal for placing gas use for...

Updated 12 Sep, 2024 09:22am

Tax exemption only allowed under ITO 2001, if ...

ISLAMABAD: The taxpayers including exporters would only be allowed tax exemption under Income Tax Ordinance, 2001,...

Updated 12 Sep, 2024 09:08am

All set for SCO ministers’ moot

ISLAMABAD: Pakistan is hosting the 23rd meeting of Ministers of the Shanghai Cooperation Organization (SCO) member...

Updated 12 Sep, 2024 09:09am

Saudi envoy, finance minister discuss economy: Govt’s approach to ‘homegrown’ agenda explained

Saudi business delegation to visit Pakistan in the coming months to further explore areas for joint ventures and collaborative investments

Updated 12 Sep, 2024 09:26am

Discos’ sell-off to pave way for a competitive market: CCP

ISLAMABAD: The privatisation of power distribution companies could foster competition in a sector that is currently...

Updated 12 Sep, 2024 09:21am

Probe against IPPs expanded after resistance by some

Government wants to retire some IPPs from the system

Updated 12 Sep, 2024 11:11am

Industry

PM extends tenure of Naeem Ghouri as Member (Finance) Ogra

ISLAMABAD: The prime minister has extended the tenure of Muhammad Naeem Ghouri as Member (Finance) of the Oil and ...

Published 12 Sep, 2024 03:48am

Industry

SME Sector Development: PM appoints Asia Sail as member of steering committee

LAHORE: Prime Minister Shahbaz Sharif has appointed Asia Sail Khan as a member of the Steering Committee for SME...

Published 12 Sep, 2024 03:48am

Industry

Agri exports to Japan: envoy urges traders to explore untapped market

KARACHI: Speakers at the seminar urged the Pakistani business community to explore the untapped market of...

Published 12 Sep, 2024 03:48am

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 29	255.63
Diesel/Litre / Mar 29	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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