News Archives for Print - 2024-09-13

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Print - 2024-09-13

IHC suspends physical remand of PTI leaders

ISLAMABAD: The Islamabad High Court (IHC), on Thursday, suspended the physical remand of Pakistan Tehreek-e-Insaf...

Published 13 Sep, 2024 07:53am

Industry

PBIF advisory board chief underscores need for increased industrial activities

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

Published 13 Sep, 2024 07:52am

Money & Banking

Faysal Bank, Mastercard renew partnership

KARACHI: Faysal Bank Limited (FBL) has announced the renewal of its strategic partnership with Mastercard. The...

Published 13 Sep, 2024 07:46am

Money & Banking

JS Bank wins ‘2024 USD Clearing Quality Recognition Award’

KARACHI: JS Bank, one of the fastest-growing banks in Pakistan, has been honored with the 2024 USD Clearing Quality...

Published 13 Sep, 2024 07:44am

Two killed in attack on polio vaccination team

PESHAWAR: Gunmen opened fire on a polio vaccination team in Bajaur tribal district on Wednesday, killing one of ...

Published 13 Sep, 2024 07:43am

Speedy and inexpensive justice high priority: Tarar

ISLAMABAD: Minister for Law and Justice Azam Nazeer Tarar Thursday said dispensation of speedy and inexpensive...

Published 13 Sep, 2024 07:38am

Money & Banking

‘HBL China Story’ session held

KARACHI: HBL hosts the “HBL China Story” session, bringing together colleagues to discuss the significance of ...

Published 13 Sep, 2024 07:37am

Middle East

Deadly Israeli strike on Gaza school draws global condemnation

GAZA STRIP: Israel faced international condemnation Thursday after a strike killed 18 people at a...

Published 13 Sep, 2024 07:33am

Middle East

Israel intelligence unit chief quits over Oct 7 failure

JERUSALEM: The Israeli army said on Thursday that the head of an elite intelligence unit will resign over the ...

Published 13 Sep, 2024 07:31am

India, China discuss early resumption of passenger flights

NEW DELHI: India and China discussed early resumption of direct passenger flights between their two countries,...

Published 13 Sep, 2024 07:27am

Direct talks with Taliban: Asif terms Gandapur’s stance ‘a direct attack on the federation’

ISLAMABAD: A day after Khyber-Pakhtunkhwa Chief Minister Ali Amin Gandapur said that the provincial government would...

Published 13 Sep, 2024 07:24am

Explaining alternative dispute resolution (ADR)

General, 1. Dispute resolution is a preferred vehicle to settle cases where questions of facts or a composite...

Published 13 Sep, 2024 07:08am

Letters

Pakistan in the SCO: silent or strategic?

China has emerged as the prime driver and a leader of the Shanghai Cooperation Organization (SCO) not only in the...

Published 13 Sep, 2024 07:04am

Fixing ‘The middle-income trap’ for all countries

Although quite late, and perhaps because of the urgency being created by the fast-unfolding climate change crisis,...

Published 13 Sep, 2024 06:58am

Renewing foreign relationships

Pakistan and the United States have a multifaceted historic relationship marked by noteworthy cooperation across...

Published 13 Sep, 2024 06:53am

Addressing the crisis in education

EDITORIAL: In yet another pledge to improve the state of education in the country and to increase its literacy rate,...

Published 13 Sep, 2024 06:49am

Monetary easing amid slowing inflation

EDITORIAL: In its scheduled 12 September Monetary Policy Committee meeting the discount rate was reduced by 200 ...

Published 13 Sep, 2024 06:46am

UN decries ‘staggering’ economic devastation across Gaza, West Bank

GENEVA: Israel’s war against Hamas has decimated Gaza’s economy, shrinking it to less than one-sixth of its 2022...

Published 13 Sep, 2024 06:13am

Population growth: Senate body grills planning ministry

ISLAMABAD: The Senate Standing Committee on Planning and Development, Thursday, grilled the Ministry of Planning for...

Published 13 Sep, 2024 06:13am

‘Cybersecurity guidelines’ to empower remote employees

ISLAMABAD: A global cybersecurity Thursday issued cybersecurity guidelines which would empower remote employees in...

Published 13 Sep, 2024 06:13am

Arrested MNAs brought to NA on production order

ISLAMABAD: At least 10 Pakistan Tehreek-e-Insaf (PTI) Members of National Assembly (MNAs), who were arrested from ...

Published 13 Sep, 2024 06:13am

Federal Consolidated Fund: Non-depositing of surplus funds will be reviewed: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb Thursday said that the government “needs every single penny to come...

Updated 13 Sep, 2024 09:45am

FIA forms JIT to probe Toshakhana-II case against IK, spouse

ISLAMABAD: The Federal Investigation Agency (FIA) has constituted three-member Joint Investigation Team (JIT) for...

Published 13 Sep, 2024 06:13am

IK’s trial by military court: IHC directs govt to file report on prospects

ISLAMABAD: The Islamabad High Court (IHC) has directed the federal government to file a report regarding the...

Published 13 Sep, 2024 06:13am

Detained MPs allowed to attend parliament session

ISLAMABAD: Several Pakistan MPs detained under new protest laws after demonstrating in support of jailed former...

Published 13 Sep, 2024 06:13am

Foreign policy is a federal subject, points out FO

ISLAMABAD: The Foreign Office on Thursday said that foreign policy is a federal subject and any proposal from any...

Published 13 Sep, 2024 06:13am

Airing Vawda’s and Kamal’s press talks: SC disposes of show-cause notices to TV channels

ISLAMABAD: The Supreme Court disposed of show-cause notices to the TV channels for telecasting Senator Fesal Vawda...

Published 13 Sep, 2024 06:13am

Sindh’s Zakat, Ushr committees: Rs2.33bn irregularities uncovered

KARACHI: The Auditor General of Pakistan (AGP) has revealed significant financial irregularities amounting to Rs ...

Published 13 Sep, 2024 06:13am

Rotary Club Faisalabad organises seminar on polio eradication

FAISALABAD: In view of the increasing cases of polio in Pakistan, the Rotary Club of Faisalabad City has decided to...

Published 13 Sep, 2024 06:13am

Robert Gordon University keen to establish campus in CBD NSIT City

LAHORE: Robert Gordon University (Scotland) has expressed keen interest in exploring the possibilities of...

Published 13 Sep, 2024 06:13am

Several 5-star hotels fined for not installing e-IMS

LAHORE: The Punjab Revenue Authority (PRA) has begun imposing heavy fines on businesses that fail to install the...

Published 13 Sep, 2024 06:13am

Discussion held to insulate educational institutions against drug abuse

LAHORE: Regional Director Commander Anti-Narcotics Punjab, Brigadier Sikandar Hayat Chaudhry called on Governor...

Published 13 Sep, 2024 06:13am

Maryam for improving police performance

LAHORE: The Punjab Chief Minister Maryam Nawaz Sharif has directed the authorities concerned to improve police...

Published 13 Sep, 2024 06:13am

PTI members describing Gandapur as ‘Mr 10 percent’: Azma

LAHORE: Information Minister Punjab Azma Bokhari has stated that a prisoner in Adiala Jail wants to incite conflict...

Published 13 Sep, 2024 06:13am

Iconic Tarbela Dam turns 50 this year

LAHORE: The year 2024 marks a momentous occasion for developing water and hydropower resources in Pakistan, as the...

Published 13 Sep, 2024 06:13am

Harris builds lead over Trump: poll

WASHINGTON: Democratic US Vice President Kamala Harris leads Republican Donald Trump 47% to 42% in the race to win...

Published 13 Sep, 2024 06:13am

SpaceX makes history with first spacewalks by private citizens

WASHINGTON: A pioneering private crew made history Thursday by performing the first commercial spacewalk, with NASA...

Published 13 Sep, 2024 06:13am

Pope says migrant workers need ‘a fair wage’

SINGAPORE: Pope Francis held mass and made a plea for migrant workers to be paid fairly as he visited the affluent...

Published 13 Sep, 2024 06:13am

The Weather

KARACHI: The weather report on Thursday (September 12, 2024) and the forecast for Friday (September 13, 2024)...

Published 13 Sep, 2024 06:13am

Terrorism charges withdrawn in harassment case

LAHORE: An Anti Terrorism Court (ATC) on Thursday allowed withdrawal of terrorism charges in a case of harassment to...

Published 13 Sep, 2024 06:13am

Issues of parliament, MPs: Special body formed to formulate policy

ISLAMABAD: In a bid to avert the repetition of mishaps like the arrest of MNAs from Parliament House, an 18-member...

Published 13 Sep, 2024 06:13am

Sindh govt takes efforts for launching e-taxis

KARACHI: Sindh government has intensified its efforts to launch electric taxis. In this regard, Sindh Senior ...

Published 13 Sep, 2024 06:13am

Parliamentarians, educationists visit inspect college renovation

ISLAMABAD: A group of parliamentarians and educationists, on Thursday, visited IMCB I-8/3 to inspect the recent...

Published 13 Sep, 2024 06:13am

Over 3,000 illegal connections removed as crackdown against gas theft continues

KARACHI: SSGC continued to tighten the noose on gas theft miscreants through fresh arrests and multiple targeted...

Published 13 Sep, 2024 06:13am

Industry

NHA, Wapda termed essential SOEs, DP Establishments 'strategic' one

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) categorised National Highways Authority (NHA)...

Published 13 Sep, 2024 06:13am

Need stressed to resolve issues of Balochistan

ISLAMABAD: “The deepening crisis in Balochistan, exacerbated by inadequate governance, demands a shift away from...

Published 13 Sep, 2024 06:13am

Murad calls on President Zardari

ISLAMABAD: Sindh Chief Minister Syed Murad Ali Shah, on Thursday, called on President Asif Ali Zardari at...

Published 13 Sep, 2024 06:13am

KP governor bars universities from sale, lease of land

PESHAWAR: Governor Khyber Pakhtunkhwa Faisal Karim Kundi has barred public sector universities in the province from...

Published 13 Sep, 2024 06:13am

KP governor appoints four SAs to CM

PESHAWAR: Governor Khyber Pakhtunkhwa has appointed four Special Assistants to the Chief Minister Khyber Pakhtunkhwa...

Published 13 Sep, 2024 06:13am

KE removes over 2,000kg of underground illegal connections in North Karachi and Gadap

KARACHI: K-Electric (KE), in collaboration with the law-enforcement agencies, continues its operations against...

Published 13 Sep, 2024 06:13am

IK’s acquittal plea in Al-Qadir Trust case rejected

ISLAMABAD: The Accountability Court, on Thursday, rejected Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran...

Published 13 Sep, 2024 06:13am

IK’s trial by military court: IHC directs govt to file report on prospects

ISLAMABAD: The Islamabad High Court (IHC) has directed the federal government to file a report regarding the...

Published 13 Sep, 2024 06:13am

Govt committed to addresses climate change issues: Tarar

ISLAMABAD: The Federal Minister for Information and Broadcasting, Attaullah Tarar, reaffirmed the government's...

Published 13 Sep, 2024 06:13am

‘Govt taking steps to eradicate cholera’

ISLAMABAD: The government of Pakistan in collaboration with World Health Organization (WHO) is taking every step for...

Published 13 Sep, 2024 06:13am

ECP forms body on ICT LG polls matter

ISLAMABAD: With uncertainty surrounding the fate of the local government elections in the federal capital once ...

Published 13 Sep, 2024 06:13am

Cleaning arrangements at Parliament Lodges: Outsourcing approved

ISLAMABAD: The National Assembly Standing Committee on House and Library approved the outsourcing of cleaning...

Published 13 Sep, 2024 06:13am

PARTLY FACETIOUS: The Khawaja abandoned his narrative of the day before

“There are some narratives that are so flawed that I can’t understand why they not only continue but gain momentum.”...

Updated 13 Sep, 2024 07:59am

Stocks

Indian shares hit record high

BENGALURU: Indian shares hit a record high on Thursday, boosted by heavy-weight banks and IT stocks in a volatile...

Published 13 Sep, 2024 06:13am

Stocks

Euro gains as ECB cuts rates

NEW YORK: The euro rose against the dollar on Thursday after European Central Bank President Christine Lagarde...

Published 13 Sep, 2024 06:13am

Stocks

Wall St mixed in choppy trade

NEW YORK: Wall Street’s main indexes were mixed in choppy trading on Thursday after higher-than-expected producer...

Published 13 Sep, 2024 06:13am

Stocks

European shares hit one-week high as ECB cuts rates

FRANKFURT: European shares jumped on Thursday after the European Central Bank (ECB) cut interest rates again as...

Published 13 Sep, 2024 06:13am

Stocks

China stocks slip to six-year closing low

SHANGHAI: China’s stocks slid to their lowest close in nearly six years on Thursday, dragged down by...

Published 13 Sep, 2024 06:13am

Stocks

Japan’s Nikkei rallies on Wall Street gains

TOKYO: Japan’s Nikkei share average rose on Thursday after a seven-day slide, as Wall Street’s overnight gains...

Published 13 Sep, 2024 06:13am

Stocks

Bulls rule on fresh buying

KARACHI: Pakistan Stock Exchange on Thursday witnessed bullish trend and closed on positive note due to fresh buying...

Published 13 Sep, 2024 06:13am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 12, 2024)....

Published 13 Sep, 2024 06:13am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (September 12, 2024). ====================================...

Published 13 Sep, 2024 06:13am

Energy

Ogra reduces RLNG price for SNGPL, SSGC

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) announced, on Thursday, a reduction in the price of...

Published 13 Sep, 2024 06:13am

Energy

US natgas rises on smaller-than-expected storage build

NEW YORK: US natural gas futures rose more than 2% on Thursday on a smaller-than-expected storage build last week,...

Published 13 Sep, 2024 06:13am

Commodities

Japanese rubber futures soar

SINGAPORE: Japanese rubber futures climbed on Thursday to their highest levels in more than a week, supported by...

Published 13 Sep, 2024 06:13am

Commodities

Copper jumps to almost two-week high

LONDON: Copper prices jumped to their highest in nearly two weeks on Thursday on signs of firmer demand in top ...

Published 13 Sep, 2024 06:13am

Energy

Oil prices climb on concern about hurricane’s impact on US output

NEW YORK: Oil prices rose more than 1% on Thursday, extending a rebound spurred by concern over Hurricane...

Published 13 Sep, 2024 06:13am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 186,039 tonnes of cargo comprising 81,380 tonnes of import cargo and 104,659...

Published 13 Sep, 2024 06:13am

Commodities

Malaysian palm oil hits three-week low

MUMBAI: Malaysian palm oil futures fell on Thursday to their lowest level in three weeks, on expectations of an...

Published 13 Sep, 2024 06:13am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (September 12, 2024)...

Published 13 Sep, 2024 06:13am

Cotton & Textile

Firm trend on cotton market

LAHORE: The local cotton market on Thursday remained firm and the trading volume remained satisfactory. Cotton...

Published 13 Sep, 2024 06:13am

Commodities

Asia rice: India rice prices hit 8-month low

BENGALURU/ MUMBAI/ BANGKOK/HANOI AND BANGLADESH: Thai prices fell to their lowest level in over a year as bidders...

Published 13 Sep, 2024 06:13am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 40.706...

Published 13 Sep, 2024 06:13am

Rates

LME official prices

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

Published 13 Sep, 2024 06:13am

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 13 Sep, 2024 06:13am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (September 12, 2024). ========================== ...

Published 13 Sep, 2024 06:13am

Forex

Open market rates of foreign currencies

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

Published 13 Sep, 2024 06:13am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (September 12, 2024). ======================== Open ...

Published 13 Sep, 2024 06:13am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (September 12, 2024)....

Published 13 Sep, 2024 06:13am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (September 12, 2024)...

Published 13 Sep, 2024 06:13am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (September 12, 2024). =======================================...

Published 13 Sep, 2024 06:13am

Policy rate cut yet again as inflation cools

KARACHI: As per expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday...

Updated 13 Sep, 2024 09:21am

$7bn EFF on Sep 25 agenda of IMF EB

ISLAMABAD: The International Monetary Fund (IMF) Executive Board is scheduled to take Pakistan’s 37-month Extended...

Updated 13 Sep, 2024 09:16am

Talks with IMF going well, PM tells Cabinet

ISLAMABAD: Prime Minister Shehbaz Sharif has assured his Cabinet colleagues that recent negotiations with the...

Updated 13 Sep, 2024 09:26am

Capacity charges: 33 IPPs were paid Rs979.3bn in FY24

Minister for Energy says existing Power Purchase Agreements allow IPPs to recover its fixed costs including debt servicing through Capacity Purchase Price

Updated 13 Sep, 2024 09:30am

Costly electricity: IPPs’ capacity charges not the sole factor: experts

Commodities

Gold prices down

KARACHI: The local and international gold prices on Thursday receded from the all-time highs with global bullion...

Published 13 Sep, 2024 06:13am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 4	277.99
USD PKR Interbank Buying / Nov 4	277.79
USD to Japanese Yen / Nov 4	152.16
USD to Swiss Franc / Nov 4	0.86
Pound Sterling to USD / Nov 4	1.30
Euro to USD / Nov 4	1.09

Stock	Volume
S&P 500 / Nov 4	5,712.69
India Sensex / Nov 4	78,782.24
Tokyo Nikkei / Nov 4	38,053.67
Nasdaq / Nov 4	18,179.98
Hang Seng / Nov 4	20,567.52
FTSE 100 / Nov 4	8,184.24
Dow Jones / Nov 4	41,794.60
Germany DAX 30 / Nov 4	19,147.85

Item	Value
Crude Oil USD/Barrel / Nov 4	71.65
Karachi Cotton PKR/37.32 KG / Nov 4	18,085
Gold 10 Grams PKR / Nov 4	244,227
Gold Spot USD/Ounce / Nov 4	2,745.40
Cotton US¢/pound / Nov 4	69.93
Petrol/Litre / Nov 5	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 5 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 5 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 5 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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