News Archives for Print - 2024-09-14

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Print - 2024-09-14

‘Cannabis Control & Regulatory Authority Bill, 2024’ passed

ISLAMABAD: The National Assembly, Friday, passed, “The Cannabis Control and Regulatory Authority Bill, 2024” to...

Published 14 Sep, 2024 07:39am

Taxes

FBR intensifies efforts to collect advance tax instalments

ISLAMABAD: The Federal Board of Revenue (FBR) has intensified efforts to timely collect due “advance tax”...

Published 14 Sep, 2024 07:36am

Retirement age of judges: Govt poised to introduce legislation today: Asif

ISLAMABAD: Amid rumours of constitutional amendments aiming to extend the retirement age of superior courts’...

Published 14 Sep, 2024 07:35am

President upholds 9 decisions of FIO

ISLAMABAD: President Asif Ali Zardari on Friday upheld nine decisions of the Federal Insurance Ombudsman (FIO),...

Published 14 Sep, 2024 07:33am

JI slams silence over Gaza genocide

KARACHI: The city chapter of Jamaat-e-Islami on Friday slammed the Muslim world for its “silence” and...

Published 14 Sep, 2024 07:31am

Interest Rates

Business community hails 200bps cut in policy rate

PESHAWAR: Former Senator, Chairman Khyber Pakhtunkhwa Textile Mills Association (KPTMA) and renowned businessman,...

Published 14 Sep, 2024 07:28am

DG LDA can’t retain more than one official accommodation, declares LHC

LAHORE: The Lahore High Court (LHC) on Friday declared that under the law the Director General (DG) Lahore...

Published 14 Sep, 2024 07:27am

Movies & Music

Japan Film Festival inaugurated

KARACHI: Japan Film Festival was inaugurated at Arts Council of Pakistan Karachi with collaboration of Pakistan ...

Published 14 Sep, 2024 07:17am

Journalists boycott PTI presser

ISLAMABAD: The journalist community on Friday boycotted a presser by Pakistan Tehreek-e-Insaf (PTI) leaders in...

Published 14 Sep, 2024 07:09am

LG Minister assures all stakeholders of consultation in new legislation

LAHORE: Punjab Local Government Minister Zeeshan Rafiq has said that all stakeholders would be consulted in the...

Published 14 Sep, 2024 07:07am

Provision of substandard seeds: NA body directs MNFS&R to consult provinces over ‘The Seed (Amendment) Bill, 2024’

ISLAMABAD: A parliamentary body, on Friday, expressed concerns over the provision of substandard (counterfeit) seeds...

Published 14 Sep, 2024 07:05am

Parliamentary panel seeks detailed briefing on ‘PWD corruption’

ISLAMABAD: A parliamentary panel, Friday, while emphasising the need for accountability and transparency in Public...

Published 14 Sep, 2024 07:03am

PDWP approves uplift schemes worth Rs4.5bn

LAHORE: The Provincial Development Working Party (PDWP) on Friday approved two development schemes worth Rs 4.5...

Published 14 Sep, 2024 07:01am

PNY, PITB sign accord to streamline payment processes

LAHORE: PNY Trainings and the Punjab Information Technology Board (PITB) have signed an agreement to streamline...

Published 14 Sep, 2024 07:00am

Pakistan participates in Global AI Summit in Riyadh

ISLAMABAD: Pakistan participated in a three-day Global AI Summit in Riyadh, highlighting the significant ...

Published 14 Sep, 2024 06:58am

Interest Rates

SAI chief condemns 2pc cut in interest rate

KARACHI: Muhammad Kamran Arbi, President of the Site Association of Industry (SAI), has criticized the State Bank of...

Published 14 Sep, 2024 06:56am

‘SAP playing key role in driving digital transformation in Pakistan’

KARACHI: Instead of causing widespread job losses, the use of Artificial Intelligence will create new job...

Published 14 Sep, 2024 06:52am

SSGC organises Mehfil-e-Milaad-Un-Nabi (PBUH)

KARACHI: Living up to its tradition, SSGC organized Mehfil-e-Milaad-un-Nabi PBUH, an indispensable feature of the...

Published 14 Sep, 2024 06:49am

Tributes paid to Hazrat Mian Mir (RA)

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif has paid tribute to Hazrat Mian Mir (RA) on the eve of his 401st...

Published 14 Sep, 2024 06:47am

Interest Rates

UBG seeks more 3pc cut in interest rate

KARACHI: Leaders of United Business Group (UBG) have criticised the State Bank’s mere 2% reduction in the interest...

Published 14 Sep, 2024 06:45am

China calls for talks to end Ukraine, Gaza wars

BEIJING: Chinese Defence Minister Dong Jun said Friday that “negotiation” was the only solution to conflicts ...

Published 14 Sep, 2024 06:31am

PTI leaders’ detention: Shibli assails PM for staying mum about 9th Sep ‘debacle’

ISLAMABAD: Leader of the Opposition in Senate Shibli Faraz on Friday lambasted Prime Minister Shehbaz Sharif for...

Published 14 Sep, 2024 06:31am

‘Anti-polio drive aimed at immunising 33m children across 115 districts’

ISLAMABAD: The Prime Minister’s Focal Person on Polio Eradication has said that the government has devised a...

Published 14 Sep, 2024 06:31am

Weekly SPI-based inflation up

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended September 12, 2024, increased by 0.01...

Published 14 Sep, 2024 06:31am

Virtual session of ‘Summit of the Future Global Call’ at UN: PM advocates global financial framework reforms for achieving SDGs

ISLAMABAD: Prime Minister Shehbaz Sharif has called for significant reforms of the international financial framework...

Published 14 Sep, 2024 06:31am

Punjab PA Speaker condemns MPs’ arrest within assembly premises

LAHORE: Punjab Assembly Speaker Malik Muhammad Ahmed Khan on Friday held an emergency press conference, condemning...

Published 14 Sep, 2024 06:31am

Senate opposition leader asks for ‘separate seats’

ISLAMABAD: Leader of the Opposition in Senate Shibli Faraz has written to Chairman Senate Yousaf Raza Gilani to...

Published 14 Sep, 2024 06:31am

Ambassador Khalil represents Pakistan at ‘9th Belt and Road Summit’ in HK

KARACHI: Pakistan Ambassador to China Khalil Hashmi represented Pakistan at the 9th Belt and Road Summit in Hong ...

Published 14 Sep, 2024 06:31am

Sindh PA: Opposition says concerned over ‘govt’s failures’ on important issues

KARACHI: Civic, healthcare and education concerns dominated the Sindh Assembly sitting on Friday with opposition...

Published 14 Sep, 2024 06:31am

IMSEC-2024 inaugurated in Karachi by IMO Secretary-General

KARACHI: The International Maritime Sustainability Exhibition and Conference (IMSEC) 2024 has officially inaugurated...

Published 14 Sep, 2024 06:31am

The Weather

KARACHI: The weather report on Friday (September 13, 2024) and the forecast for Saturday (September 14, 2024)...

Published 14 Sep, 2024 06:31am

Rates

Equities sustain rally

KARACHI: Pakistan Stock Exchange on Friday witnessed a bullish trend after the SBP slashed key policy rate amid...

Published 14 Sep, 2024 06:31am

COAS vows full support to KPK police, LEAs

ISLAMABAD: Chief of Army Staff (COAS) General Syed Asim Munir reiterated the Pakistan Army’s unwavering commitment...

Published 14 Sep, 2024 06:31am

FIA probing a ‘threatening post’?

ISLAMABAD: The Federal Investigation Agency (FIA) has launched an inquiry in connection with “a threatening ...

Published 14 Sep, 2024 06:31am

NA panel to sit with GB, AJ&K and KP reps: Gemstones export strategy being designed

ISLAMABAD: A parliamentary panel has decided to invite Secretaries of Minerals Development of Gilgit Baltistan (GB),...

Updated 14 Sep, 2024 02:34pm

CJP and senior puisne judge should amend draft rules: JCP

ISLAMABAD: The members of the Judicial Commission of Pakistan (JCP) proposed that the chief justice of Pakistan and...

Updated 14 Sep, 2024 09:18am

Governor’s rule: Bilawal speaks his mind

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari said that imposition of governor’s rule in a...

Updated 14 Sep, 2024 08:40am

Stocks

Wall St advances as traders mull chances of bigger rate cut

NEW YORK: Wall Street’s main indexes rose on Friday as investors reevaluated the possibility of a bigger interest...

Published 14 Sep, 2024 06:31am

Stocks

European stocks wrap up week on a high note

PARIS: European stocks rounded off the week on a positive note, supported by technology, real estate and mining...

Published 14 Sep, 2024 06:31am

Stocks

China shares extend losses, Hong Kong rises

SHANGHAI: Mainland China’s shares extended losses to end lower on Friday as investors squared their books for the...

Published 14 Sep, 2024 06:31am

Stocks

Japan’s Nikkei ends lower as yen strengthens

TOKYO: Japan’s Nikkei share average ended lower on Friday after a stronger yen weighed on export-oriented stocks,...

Published 14 Sep, 2024 06:31am

CM praises Shehbaz for IMF Board meeting schedule

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif has paid tribute to the sincere strives of Prime Minister Shehbaz...

Published 14 Sep, 2024 06:31am

8th ISEM Pakistan Solar Exhibition inaugurated

FAISALABAD: Extremely heartening and vibrant participation from solar industry marked the commencement of the highly...

Published 14 Sep, 2024 06:31am

PFA unearths fake spices unit

LAHORE: The Punjab Food Authority (PFA) has raided an illegal spices manufacturing unit in the area of Dubanpura ...

Published 14 Sep, 2024 06:31am

Rs111bn recovered under anti-power theft campaign

LAHORE: A comprehensive anti-theft campaign launched by Pakistan’s power distribution companies has yielded...

Published 14 Sep, 2024 06:31am

Askari Tower attack case: Pre-arrest bail of Omar, Asad & others extended till Oct 08

LAHORE: An Anti Terrorism Court (ATC) on Friday extended pre-arrest bail of leader of opposition in National ...

Published 14 Sep, 2024 06:31am

Gandapur conspiring against federation, alleges Azma

LAHORE: Information Minister Punjab Azma Bokhari has stated that Ali Amin Gandapur has been conspiring against the...

Published 14 Sep, 2024 06:31am

Arrests after Sept 8 protests: IHC voids 8-day physical remand of PTI MNAs

ISLAMABAD: The Islamabad High Court (IHC) void the eight-day physical remand of several Pakistan Tehreek-e-Insaf...

Published 14 Sep, 2024 06:31am

PARTLY FACETIOUS: Parliament is supreme on paper?

“I think there is a need to distinguish between an outright war and a war of words.” “Sticks and stones may...

Updated 14 Sep, 2024 07:56am

All eyes on IMF’s $7bn EFF

The grant of subsidies and tax incentives by the government are two measures that never escape a reprimand by the...

Updated 14 Sep, 2024 07:58am

Saga of motorcycle snatching

There is startling data regarding snatching of motorcycles in the city of Karachi. According to Citizen Police...

Updated 14 Sep, 2024 08:01am

Letters

‘Pakistan in the SCO: silent or strategic?’

This is apropos a letter to the Editor titled ‘Pakistan in the SCO: silent or strategic?’ by this writer carried...

Published 14 Sep, 2024 06:31am

Commodities

Gold hits new historic highs

KARACHI: The local gold prices soared to new historic highs on Friday, reflecting the global market’s upward ...

Published 14 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 14 Sep, 2024 06:31am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (September 13, 2024). ========================== KIBOR...

Published 14 Sep, 2024 06:31am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (September...

Published 14 Sep, 2024 06:31am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (September 13, 2024). ======================== Open Bid...

Published 14 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 Friday (September 13, 2024)....

Published 14 Sep, 2024 06:31am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (September 13, 2024). ==================================== BR...

Published 14 Sep, 2024 06:31am

Gwadar: imported coal-fired project faces axe

Government likely to scrap 300 MW imported coal power project at Gwadar

Updated 14 Sep, 2024 09:38pm

‘Suki Kinari Hydropower Project passes Reliability Run Test successfully’

ISLAMABAD: Private Power and Infrastructure Board (PPIB) announced on Friday that 884MW Suki Kinari Hydropower...

Updated 14 Sep, 2024 03:10pm

Inflation dip testament to prudent handling of economy: Aurangzeb

KARACHI: Federal Minister for Finance Muhammad Aurangzeb Friday said that significant measures were being...

Updated 14 Sep, 2024 02:34pm

IMF deal to be made public: Aurangzeb

Outlines key aspects of the latest IMF agreement

Updated 14 Sep, 2024 09:37pm

US finalises sharp tariff hikes on Chinese EVs, other goods

WASHINGTON: The United States locked in tariff hikes on billions of dollars worth of Chinese goods Friday, with a ...

Published 14 Sep, 2024 06:31am

Non-certified receipts: FBR plans imposing heavy fines on big retailers

ISLAMABAD: The Federal Board of Revenue (FBR) is planning to impose heavy fines on big retailers, who are found to...

Updated 14 Sep, 2024 12:26pm

PM for steps aimed at boosting profitability of SMEs

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday directed the authorities concerned to take measures for the...

Updated 14 Sep, 2024 03:09pm

ADB approves $320m for KPK roads rehabilitation

ISLAMABAD: The Asian Development Bank (ADB) has approved a $320 million loan to support the rehabilitation of roads...

Published 14 Sep, 2024 06:31am

PM says economic policies moving in the right direction

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday gave credence to his government’s economic policies to be in the...

Updated 14 Sep, 2024 02:34pm

Significant cut in fuel prices likely

ISLAMABAD: As international oil prices continue to fall, the government is poised for a significant reduction in...

Updated 14 Sep, 2024 05:05pm

Commodities

India removes floor price for basmati rice exports to claw back global share

NEW DELHI: India removed a floor price for basmati rice exports on Friday, according to a government order, to help...

Published 14 Sep, 2024 06:31am

Money & Banking

Bank holiday

KARACHI: The State Bank of Pakistan (SBP) will remain closed on Tuesday, September 17, 2024 (i.e. 12th ...

Published 14 Sep, 2024 06:31am

Money & Banking

Dollar hits 8-1/2-month low vs yen

NEW YORK: The US dollar fell on Friday to its lowest level since late December against the Japanese yen after media...

Published 14 Sep, 2024 06:31am

Money & Banking

Asian currencies on track for weekly gains

BENGALURU: Currencies and stocks across most developing economies crept up on Friday amid hopes of imminent US...

Published 14 Sep, 2024 06:31am

Energy

SNGPL holds ‘Corporate Briefing Session’

LAHORE: Sui Northern Gas Pipelines Limited (SNGPL) held its Corporate Briefing Session on September 12, 2024, at...

Published 14 Sep, 2024 06:31am

Superficial austerity

EDITORIAL: These are not the old days; especially when it comes to the economy and the government cannot hope to get...

Updated 14 Sep, 2024 07:55am

Political hara-kiri

EDITORIAL: Akhtar Mengal’s resignation has turned the spotlight on Balochistan alright, but not in a way that ...

Published 14 Sep, 2024 06:31am

Companies

DHA Multan & Hashoo Group announce joint development projects

MULTAN: Hashoo Group’s Real Estate Division - Pearl Real Estate Holdings Pvt. Ltd. (PREH) announced the strategic...

Published 14 Sep, 2024 06:31am

FFC signs MoU with HBL to boost farmer financing

Companies

CCP approves two acquisitions

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved two acquisitions, reinforcing its commitment to...

Updated 14 Sep, 2024 07:31am

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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