News Archives for Print - 2024-09-16

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Print - 2024-09-16

Companies

Nathalie Roos to step down as CEO of LIPTON Teas and Infusions

AMSTERDAM: Nathalie Roos has chosen to step down as Chief Executive Officer of LIPTON Teas and Infusions for ...

Published 16 Sep, 2024 06:56am

Companies

HBL awarded ‘Best Board of the Year’

KARACHI: HBL has been honored with the ‘Best Board of the Year’ award by the Pakistan Institute of Corporate...

Published 16 Sep, 2024 06:52am

Cotton & Textile

Weekly Cotton Review: Improvement in weather helps prices increase

KARACHI: The local cotton market witnessed an overall increase in prices during the past week. Changing weather...

Published 16 Sep, 2024 06:49am

PDP chairman urges govt to train Karachi police on modern lines

KARACHI: Karachi police have failed to check the rising lawlessness in the megacity because it is not trained to...

Published 16 Sep, 2024 06:48am

Industry

2024 Sichuan conference: Pakistani businessmen and SAARC CCI strengthen economic ties

ISLAMABAD: Pakistani business leaders and SAARC CCI strengthen economic ties at 2024 Sichuan - South Asia &...

Published 16 Sep, 2024 06:47am

Pak-South Africa women’s T20 international series starts today

LAHORE: Pakistan women’s team under the leadership of Fatima Sana are all set to take on Laura Wolvaardt led South...

Published 16 Sep, 2024 06:43am

Delegation of three industries visits SAU

HYDERABAD: A delegation from Fateh Industries Ltd., Finishers Ltd., and Arino Ltd. visited Sindh Agriculture...

Published 16 Sep, 2024 06:39am

Birth certificate: Rubina lauds Sindh govt’s decision

ISLAMABAD: Chairperson of the Benazir Income Support Program (BISP), Senator Rubina Khalid Sunday expressed ...

Published 16 Sep, 2024 06:38am

Sindh governor meets notables

KARACHI: Governor Sindh Kamran Khan Tessori met with Mufti Abdul Rahim, the head of Jamia Tur Rasheed, at Governor...

Published 16 Sep, 2024 06:27am

The Weather

KARACHI: The weather report on Sunday (September 15, 2024) and the forecast for Monday (September 16, 2024)....

Published 16 Sep, 2024 06:08am

Europe

Floods claim more lives as torrential rain pounds central Europe

LIPOVA-LAZNE/VISNOVA (Czech Republic): One person drowned in southwestern Poland, a rescue worker was killed in...

Published 16 Sep, 2024 06:08am

US committed to Bangladesh’s economic growth, to give $202m more in aid

DHAKA: The United States is committed to supporting Bangladesh’s inclusive economic growth, institution building...

Published 16 Sep, 2024 06:08am

South Asia

Sri Lanka economy slows ahead of presidential elections

COLOMBO: Sri Lanka’s economic growth slowed, government data showed Sunday, days ahead of the first presidential...

Published 16 Sep, 2024 06:08am

Stricken Red Sea tanker salvage makes ‘slow’ progress

ATHENS: The towing of an abandoned tanker struck by Yemen’s Huthi rebels in August, threatening environmental...

Published 16 Sep, 2024 06:08am

South Asia

Indian opposition leader Kejriwal to resign as Delhi CM

NEW DELHI: Indian opposition leader Arvind Kejriwal said on Sunday he will resign as chief minister of the Delhi...

Published 16 Sep, 2024 06:08am

Distinguished individuals: Governor awards honorary doctorate degrees

KARACHI: Governor Sindh Kamran Khan Tessori awarded honorary doctorate degrees to several distinguished individuals...

Published 16 Sep, 2024 06:08am

Industry

Windar tin plant: Closure termed a setback for Balochistan industry

KARACHI: The recent closure of the Sidique Sons Tin Plant in Windar marks an unfortunate chapter in Balochistan’s...

Updated 16 Sep, 2024 07:29am

Saleema Imtiaz becomes Pakistan’s first woman umpire on ICC Panel

LAHORE: The Pakistan Cricket Board (PCB) on Sunday announced a historic moment for Pakistan cricket as Saleema ...

Published 16 Sep, 2024 06:08am

Europe

Eight migrants die in Channel crossing attempt

AMBLETEUSE, (France): Eight migrants died early Sunday when their overcrowded vessel capsized while trying to cross...

Published 16 Sep, 2024 06:08am

IPPs: missing the forest for the trees

The 2024 Independent Power Producers (IPPs) negotiations are entering their second round. The authorities are...

Updated 16 Sep, 2024 07:49am

Fact-check on PML-N claim

The Deputy Prime Minister and Foreign Minister, Ishaq Dar, labelled delays in the International Monetary Fund’s...

Updated 16 Sep, 2024 07:46am

Five coalminers die in Harnai

QUETTA: Five coalminers died after inhaling poisonous gas in a coal mine in Shahrag coal field in Harnai district,...

Published 16 Sep, 2024 06:08am

Calligraphy exhibition inaugurated

FAISALABAD: Provincial Minister for Information Azma Bukhari has said the government is concentrating to protect the...

Published 16 Sep, 2024 06:08am

APL, CDA collaborate on tree- plantation drive

ISLAMABAD: Attock Petroleum Limited (APL) and Capital Development Authority (CDA) held a tree plantation drive in...

Published 16 Sep, 2024 06:08am

Constitutional amendment bill: Mengal demands release of missing persons

ISLAMABAD: Balochistan National Party Mengal (BNP-M) Chief Sardar Akhtar Jan Mengal has demanded the release of...

Published 16 Sep, 2024 06:08am

Reserved seats: ECP meeting today to discuss SC’s explanation

ISLAMABAD: The Election Commission of Pakistan (ECP) has reportedly convened a meeting of the body to discuss the...

Published 16 Sep, 2024 06:08am

Maryam pays tribute to sacrifices of pro-democracy leaders

LAHORE: “Long Live Democracy, Long Live Pakistan,” said Chief Minister Punjab Maryam Nawaz Sharif in her message...

Published 16 Sep, 2024 06:08am

ED IBCC meets CM Balochistan

ISLAMABAD: The Executive Director of the Inter Boards Coordination Commission (IBCC) Dr Ghulam Ali Mallah met with...

Published 16 Sep, 2024 06:08am

Hidayatullah elected chairman of Senate body

ISLAMABAD: Senator Hidayatullah Khan was elected unopposed as the Chairman of the Senate Committee on Narcotics...

Published 16 Sep, 2024 06:08am

Organ donation: PM announces launch of national initiative

ISLAMABAD: Prime Minister Shehbaz Sharif has announced the launch of a national initiative aimed at promoting organ...

Published 16 Sep, 2024 06:08am

EPC decides to impose strict ban on use of polythene bags in KP

PESHAWAR: The second meeting of Environmental Protection Council (EPC), Khyber Pakhtunkhwa was held under the...

Published 16 Sep, 2024 06:08am

RUDA, PAMRA sign MoU: Country’s first modern vegetable & fruit market in Lahore soon: CM

LAHORE: “We are determined to save people from inflation,” said Chief Minister Punjab Maryam Nawaz Sharif after...

Published 16 Sep, 2024 06:08am

ADB President briefed on BISP’s key initiatives

ISLAMABAD: The President of the Asian Development Bank Masatsugu Asakawa, visited the Benazir Income Support...

Published 16 Sep, 2024 06:08am

PM reaffirms country’s commitment to ozone layer protection

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif has reiterated Pakistan’s strong commitment to the preservation...

Published 16 Sep, 2024 06:08am

ED directs FBR chief to take action against corrupt practices

ISLAMABAD: Establishment Division has directed the Chairman Federal Board of Revenue (FBR) to take action against...

Updated 16 Sep, 2024 03:24pm

Eid Milad-un-Nabi (PBUH): PHA decorates Lahore with lights, religious models

LAHORE: The Parks and Horticulture Authority (PHA) has installed a variety of colorful lights, religious models, and...

Published 16 Sep, 2024 06:08am

Uplift of AJK University: JK PM assures all financial resources

MIRPUR: Azad Jammu Kashmir Prime Minister Chaudhry Anwar ul Haq has said that the government would provide all...

Published 16 Sep, 2024 06:08am

Loader rickshaws barred from plying main Lahore roads

LAHORE: The Lahore traffic police have imposed a ban on loader rickshaws entering the city’s major model roads,...

Published 16 Sep, 2024 06:08am

Letters

Harris vs. Trump: Views of the Pakistani-American community

After Biden nominated Kamala Harris as his running mate, I authored an article titled “Trump vs. Kamala Harris:...

Published 16 Sep, 2024 06:08am

IMSEC-2024 concludes in Karachi

KARACHI: The International Maritime Sustainability Exhibition and Conference (IMSEC) 2024, organized by the Ministry...

Published 16 Sep, 2024 06:08am

Dairy sector facing the challenge of unsustainable productivity

Pakistan has a place in the list of world’s top five milk-producing countries. Livestock is one of the funnelling...

Updated 16 Sep, 2024 07:50am

Stocks

Wall Street Week Ahead: Size, speed of rate moves in focus as Fed poised to start cuts

NEW YORK: The Federal Reserve is in focus next week, as uncertainty swirls over how much the US central bank will ...

Published 16 Sep, 2024 06:08am

Stocks

Australian stocks higher as mining, gold shine

SYDNEY: Australian shares closed higher on Friday, driven by mining and gold stocks on strong underlying commodity...

Published 16 Sep, 2024 06:08am

Stocks

Sri Lanka shares end higher

COLOMBO: Sri Lankan shares closed higher on Friday aided by gains in communication services and information...

Published 16 Sep, 2024 06:08am

Stocks

Most Gulf markets gain ground on big Fed rate cut bets

DUBAI: Most stock markets in the Gulf ended higher on Sunday as investors priced in the possibility of a big ...

Published 16 Sep, 2024 06:08am

Stocks

TSX hits record high on hopes for US rate cut

TORONTO: Canada’s main stock index hit another record high on Friday in a broad-based rally led by mining stocks,...

Published 16 Sep, 2024 06:08am

Stocks

FTSE 100 gains on precious metals surge

LONDON: Precious metal mining stocks lifted London’s blue-chip index on Friday as investors raised their bets on a...

Published 16 Sep, 2024 06:08am

Interest Rates

ICMA calls for ‘significant’ policy rate cut

KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMA) has released an in-depth analysis of ...

Updated 16 Sep, 2024 07:15am

Companies

Habib Metropolitan Bank and Pak Suzuki team up to enhance supply chain finance

KARACHI: HABIBMETRO recently announced a strategic alliance with Pak Suzuki to revolutionise supply chain finance....

Published 16 Sep, 2024 06:08am

Rise in trade-based money laundering

EDITORIAL: An Asian Development Bank (ADB) report revealed that Pakistan’s monthly trade-based money laundering...

Updated 16 Sep, 2024 07:33am

Democracy at a crossroads

EDITORIAL: In a detailed statement issued to mark the International Day of Democracy, being observed on September ...

Updated 16 Sep, 2024 07:35am

Prices of essential food items remain high

PESHAWAR: Prices of essential food commodities remained high in the open market, as per weekly market survey...

Updated 16 Sep, 2024 08:57am

Rates

PSX ends on positive note despite foreign selling

KARACHI: Despite foreign selling, the Pakistan Stock Exchange managed to close on positive note on weekly basis...

Published 16 Sep, 2024 06:08am

Rates

Futures spread up 217bps

KARACHI: The futures spread increased by 217bps to 19.74 percent on the last day of the outgoing week. Trading...

Published 16 Sep, 2024 06:08am

China bans PwC for six months over Evergrande audit

BEIJING: Accountancy giant PwC was banned in China Friday for six months and slapped with a fine of $62.2 million...

Published 16 Sep, 2024 06:08am

Fed expected to announce its first interest rate cut since 2020

WASHINGTON: The Federal Reserve is gearing up to announce its first interest rate cut for more than four years on...

Published 16 Sep, 2024 06:08am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday September 15, 2024

Published 16 Sep, 2024 06:08am

SAPM on Digital Media Fahd Haroon is bullish on Pakistan’s IT sector

Says internet slowdown result of faults in submarine cables, speeds to be restored to normal

Updated 16 Sep, 2024 08:11pm

Friendly nations to invest $27bn: Ahsan

ISLAMABAD: Minister for Planning and Development Ahsan Iqbal has said the government is committed to bringing...

Published 16 Sep, 2024 06:08am

ADB asked to further engage private sector in Pakistan

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb hosted a dinner in honour of...

Updated 16 Sep, 2024 03:12pm

Rates

Marginal improvement

KARACHI: The rupee improved marginally during the previous week as it gained Re0.41 or 0.15% against the US dollar....

Published 16 Sep, 2024 06:08am

Energy

Petrol price cut by Rs10, HSD’s by Rs13.06

ISLAMABAD: The federal government announced a substantial reduction in prices of petroleum products on Sunday,...

Published 16 Sep, 2024 06:08am

RTO Sargodha detects Rs23bn tax evasion

ISLAMABAD: A Withholding Zone of Regional Tax Office (RTO) Sargodha has effectively utilised the existing data and...

Updated 16 Sep, 2024 03:12pm

Net metering tariff rationalisation plan put on the ice

ISLAMABAD: The Power Division has put the much-talked about net metering tariff rationalisation plan on ice for the...

Updated 16 Sep, 2024 07:30pm

Relocation of Chinese industries: 7-member panel formed

ISLAMABAD: Minister for Planning, Development and Special Initiatives, Ahsan Iqbal has constituted a seven-member...

Updated 16 Sep, 2024 04:06pm

Govt fails to woo opposition

ISLAMABAD: The government once again failed to woo opposition for supporting the proposed “constitutional package”,...

Updated 16 Sep, 2024 08:52am

‘Package’: The Night of the Parliamentarians

NA, Senate sessions to be held today

Updated 16 Sep, 2024 09:20am

Money & Banking

Indian rupee ends higher

MUMBAI: The Indian rupee strengthened on Friday as Asian currencies benefited from the weakness in the US dollar as...

Published 16 Sep, 2024 06:08am

Industry

Govt urged to position Hyderabad as premier IT, e-commerce hub

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

Published 16 Sep, 2024 06:08am

Industry

Industrial plots allotment: KP govt prepares draft of new policy

PESHAWAR: The KP government prepared the first and basic draft of the new policy for allotment, cancellation,...

Published 16 Sep, 2024 06:08am

Industry

Gandapur vows industrial development in KP

PESHAWAR: Chief Minister Khyber Pakhtunkhwa, Ali Amin Gandapur, convened a high-level meeting with prominent...

Published 16 Sep, 2024 06:08am

‘Pakistan Investment Conference’ held in Beijing

BEIJING: The Embassy of Pakistan in Beijing hosted the “Pakistan Investment Conference–Together for a Shared Future”...

Updated 16 Sep, 2024 09:05am

Section 122 (2) of ITO: ATIR reconciles apparently conflicting provisions

ISLAMABAD: In a landmark judgement, Appellate Tribunal Inland Revenue, Islamabad has reconciled the apparently...

Updated 16 Sep, 2024 03:12pm

Usman elected RCCI’s President, Khalid Qazi SVP

Industry

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Petrol/Litre / Apr 17	254.63
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Diesel/Litre / Apr 17	258.64
Cotton US¢/pound / Apr 17	66.66

Gainers
Losers
Leaders

Stock	Price
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.84 ▲ 0.76 (12.5%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.48 ▼ -0.46 (-11.68%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.84 ▼ -1.56 (-9.51%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.52 ▼ -4.7 (-8.67%)
Bawany Air Products / Apr 17 Bawany Air Products Limited(BAPL)	32.39 ▼ -2.92 (-8.27%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.40 ▼ -1.2 (-8.22%)
Jahangir Sidd(Pref) / Apr 17 Jahangir Sidd(Pref)(JSCLPSA)	8.85 ▼ -0.6 (-6.35%)
Sanghar Sugar / Apr 17 Sanghar Sugar Mills Limited(SANSM)	50.83 ▼ -3.24 (-5.99%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	340.04 ▼ -19.97 (-5.55%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,794,610 ▲ 3.81
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,321,095 ▲ 0.15
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,945,036 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,949,781 ▲ 1.19
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,604,549 ▲ 4.2
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,865,718 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,613,210 ▲ 0.21
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,679 ▲ 1.06
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,975,030 ▲ 0.09
United BankXD / Apr 17 United Bank Limited(UBL)	10,968,701 ▲ 16.02

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