News Archives for Print - 2024-09-19

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Print - 2024-09-19

Industry

‘Export from KP drastically cut after imposition of 2pc cess’

PESHAWAR: Members of the business community have said the imposition of two percent Infrastructure Development Cess...

Published 19 Sep, 2024 07:32am

Taxes

FBR says name of filer in AJK CBR or GBC BoR to be included in ATL

ISLAMABAD: The Federal Board of Revenue (FBR) will include name of a person in the Active Taxpayers List (ATL), ...

Published 19 Sep, 2024 07:30am

Pakistan

Governor inaugurates Zaitoon Ashraf IT Park

KARACHI: The Governor of Sindh, Kamran Khan Tessori, inaugurated the Zaitoon Ashraf IT Park, established near the...

Published 19 Sep, 2024 07:29am

Pakistan

KP govt establishes debt management fund

PESHAWAR: The provincial cabinet of Khyber Pakhtunkhwa approved the establishment of a Debt Management Fund to...

Published 19 Sep, 2024 07:27am

Pakistan

PM reiterates commitment to work closely with UK leadership

ISLAMABAD: Prime Minister Shehbaz Sharif has reiterated Pakistan's commitment to work closely with the leadership of...

Published 19 Sep, 2024 07:26am

Pakistan

President rejects elections for IIOJK Legislative Assembly

ISLAMABAD: President Asif Ali Zardari has categorically rejected the elections for the Legislative Assembly of ...

Published 19 Sep, 2024 07:24am

Pakistan

Punjab govt reduces public transport fares: minister

LAHORE: Punjab Information Minister Azma Bokhari said public transport fares in Punjab have been decreased by 30 to...

Published 19 Sep, 2024 07:23am

Cotton & Textile

About 1,434,028 bales of cotton reach ginneries

LAHORE: According to the latest cotton statistics released by the Pakistan Cotton Ginners Association (PCGA) as of...

Published 19 Sep, 2024 07:23am

Money & Banking

Securities, futures markets: SECP to develop Islamic finance ecosystem

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to develop Islamic finance ...

Published 19 Sep, 2024 07:22am

Pakistan

‘No other court will be accepted over SC’, says PTI Senator

LAHORE: PTI Senator Hamid Khan, on Wednesday said no other court would be accepted over the Supreme Court. The...

Published 19 Sep, 2024 07:19am

Pakistan

Punjab cabinet approves three mega projects

LAHORE: Punjab cabinet, which met on Tuesday with Chief Minister Maryam Nawaz Sharif in chair approved three mega...

Published 19 Sep, 2024 07:18am

Pakistan

JI chief urges CJP to help resolve ‘political crisis’

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem-ur-Rehman has categorically rejected the proposed constitutional...

Published 19 Sep, 2024 07:16am

Pakistan

3 ‘terrorists’ killed in ‘encounter’

LAHORE: In a significant counter-terrorism operation, three unidentified terrorists were killed in an exchange of...

Published 19 Sep, 2024 07:14am

Pakistan

King Charles invites PM to CHOGM

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday received a telephone call from King Charles III, who formally...

Published 19 Sep, 2024 07:13am

Pakistan

Lawyers’ bodies advocate formation of ‘Federal Constitutional Court’

ISLAMABAD: The representatives of the Pakistan Bar Council (PBC), the Supreme Court Bar Association (SCBA) and the...

Published 19 Sep, 2024 07:11am

Pakistan

Intra-party elections: ECP adjourns case as PTI seeks more time

ISLAMABAD: Having rejected the PTI intra-party polls on procedural grounds in the past, the ECP has now stated that...

Published 19 Sep, 2024 07:10am

Pakistan

Overchuk meets army chief

ISLAMABAD: Alexey Overchuk, deputy prime minister of the Russian Federation, paid a courtesy call on General Syed...

Published 19 Sep, 2024 06:37am

World

China sanctions nine US defence firms in response to Taiwan sales

BEIJING: China imposed sanctions on nine US defence firms on Wednesday, the foreign ministry said, describing the...

Published 19 Sep, 2024 06:37am

World

Blinken warns against further ME escalation after Lebanon blasts

CAIRO: US Secretary of State Antony Blinken on Wednesday warned against the risk of escalation in the Middle East...

Published 19 Sep, 2024 06:37am

Pakistan

CM sanctions Rs1.5bn for repairing roads in Karachi

KARACHI: Sindh Chief Minister Syed Murad Ali Shah presiding over a meeting assessed the damage caused to the city...

Published 19 Sep, 2024 06:37am

Four UK professors give guest lectures at HU

KARACHI: Not just one or two but four professors of the University of Essex (UK) gave guest lectures at the Hamdard...

Published 19 Sep, 2024 06:37am

Opinion

Utter madness

Pakistan’s economic management, particularly its treatment of export-oriented industries, is nothing short of...

Published 19 Sep, 2024 06:37am

Opinion

Soft power—Pakistani storytelling potential

A good story attracts. A gripping story grips. A great plot provokes. From Shakespeare to Hollywood the storytelling...

Updated 19 Sep, 2024 07:58am

Opinion

Witnessing China’s economic evolution: a journey through progress and innovation

From September 3, 2024, to September 12, 2024, I had the privilege of leading an 8-member media delegation to ...

Published 19 Sep, 2024 06:37am

Opinion

‘Action is approaching’?

You know you’re following the right journalists, amid all the noise and international media hijack of the Gaza...

Published 19 Sep, 2024 06:37am

Pakistan

IK says constitutional amendments aimed at giving extension to ‘three umpires’

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan on Wednesday said that “they are...

Published 19 Sep, 2024 06:37am

Pakistan

PTI, JUI-F reject constitutional amendment bill draft

ISLAMABAD: Jamiat Ulema-e-Islam (JUI) chief Maulana Fazlur Rehman, Wednesday, categorically rejected the bill draft...

Published 19 Sep, 2024 06:37am

Pakistan

‘Anthem disrespect’: FO summons Afghan chargé d’affaires

ISLAMABAD: Pakistan has lodged a strong protest with the Afghanistan interim government by summoning its chargé...

Published 19 Sep, 2024 06:37am

South Asia

IIOJK votes after special status scrapped

OCCUPIED SRINAGAR: Illegally Indian-Occupied Jammu and Kashmir (IIOJK) voted Wednesday in the first local elections...

Published 19 Sep, 2024 06:37am

World

Putin agrees to sign Russia-Iran strategic partnership deal

MOSCOW: Russian President Vladimir Putin has accepted the Russian Foreign Ministry’s proposal to sign a strategic...

Published 19 Sep, 2024 06:37am

Pakistan

Constitutional amendments: ‘Alleged’ draft is not the ‘real’ draft, insists Bilawal

ISLAMABAD: In appearances on separate private television channels, Chairman Pakistan People’s Party (PPP) Bilawal...

Published 19 Sep, 2024 06:37am

Pakistan

Intra-party polls: JUI-F seeks two months’ time

ISLAMABAD: In an apparent indication that the plan to get the much talked about constitutional package for superior...

Published 19 Sep, 2024 06:37am

Opinion

Rising public debt

The SBP (State Bank of Pakistan) has released figures of total debt and public debt of Pakistan as of end-June 2024....

Published 19 Sep, 2024 06:37am

Rates

LME official prices

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

Published 19 Sep, 2024 06:37am

Rates

PSX posts smart rally

KARACHI: Despite foreign selling, Pakistan Stock Exchange on Wednesday witnessed a bullish trend and closed on ...

Published 19 Sep, 2024 06:37am

Opinion

PARTLY FACETIOUS: South Asians are extremely sensitive people

“One has to give due credit to those who teach journalism.” “Right, but their teachings fall by the wayside...

Published 19 Sep, 2024 06:37am

Letters

‘Harris vs Trump: Views of the Pakistani-American community’

This is apropos two back-to-back letters to Editor by this writer carried by the newspaper on Monday and yesterday....

Published 19 Sep, 2024 06:37am

Stocks

Wall St slips as Fed’s first rate cut in 4 years looms

NEW YORK: Wall Street’s main indexes slipped in volatile trading on Wednesday ahead of the Federal Reserve’s...

Published 19 Sep, 2024 06:37am

Stocks

European shares end lower with Fed’s verdict in focus

PARIS: European shares closed lower on Wednesday, as investors refrained from risk-taking ahead of an all-important...

Published 19 Sep, 2024 06:37am

Stocks

China stocks end higher, led by property shares

SHANGHAI: China stocks closed up on Wednesday, reopening after the Mid-Autumn Festival holiday, as gains in property...

Published 19 Sep, 2024 06:37am

Stocks

Indian shares ease off record highs ahead of Fed decision

BENGALURU: Indian shares eased off record highs on Wednesday, dragged down by information technology and pharma...

Published 19 Sep, 2024 06:37am

Rates

Activities of Karachi Port Trust

KARACHI: The Karachi Port Trust handled 321,990 tonnes of cargo comprising 163,825 tonnes of import cargo and ...

Published 19 Sep, 2024 06:37am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (September 18, 2024). ==========================...

Published 19 Sep, 2024 06:37am

Forex

Open market rates of foreign currencies

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

Published 19 Sep, 2024 06:37am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (September 18, 2024). ======================== Open ...

Published 19 Sep, 2024 06:37am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (September 18, 2024)....

Published 19 Sep, 2024 06:37am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 18, 2024)....

Published 19 Sep, 2024 06:37am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (September 18, 2024)...

Published 19 Sep, 2024 06:37am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (September 18, 2024). =======================================...

Published 19 Sep, 2024 06:37am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (September 18, 2024). ====================================...

Published 19 Sep, 2024 06:37am

Editorials

Preserving GSP Plus status

EDITORIAL: One would have thought that the precarious state of the economy, the struggling export market and the...

Published 19 Sep, 2024 06:37am

Commodities

Gold prices fall

KARACHI: The local gold prices inched down from all-time highs with the global bullion prices receding close to $...

Published 19 Sep, 2024 06:37am

Commodities

Malaysian palm oil higher on short-covering

KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday to snap a three-session slide, as traders covered their...

Published 19 Sep, 2024 06:37am

Commodities

Chicago wheat futures up

CANBERRA: Chicago wheat futures rose on Wednesday after France’s farm ministry downgraded the country’s crop...

Published 19 Sep, 2024 06:37am

Commodities

Iron ore slides on strong supply prospects, weak steel demand outlook

SINGAPORE: Iron ore futures prices slumped on Wednesday, as Chinese traders returned after the country’s ...

Published 19 Sep, 2024 06:37am

Commodities

Copper gains ahead of expected US rate cut

LONDON: Copper prices ticked higher on Wednesday ahead of a widely expected rate cut by the US Federal Reserve, ...

Published 19 Sep, 2024 06:37am

Energy

Oil prices fall on mixed storage report

NEW YORK: Oil prices fell on Wednesday as the market cautiously awaited a rate cut announcement from the Federal...

Published 19 Sep, 2024 06:37am

Commodities

Gold prices climb

NEW YORK: Gold prices gained on Wednesday, as investors awaited for the Federal Reserve to start its US monetary...

Published 19 Sep, 2024 06:37am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (September 18, 2024)...

Published 19 Sep, 2024 06:37am

Cotton & Textile

Firm trend on cotton market

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

Published 19 Sep, 2024 06:37am

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 19 Sep, 2024 06:37am

Sales tax condonation for time limit: FBR issues ‘checklist’ for taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a “checklist” for processing of condonation cases of...

Updated 19 Sep, 2024 08:51am

Pakistan

Proposed ‘Constitutional package’: SC requested to reassign petition

ISLAMABAD: The Supreme Court has been urged to urgently put the petition, which challenges ‘proposed package’ to...

Updated 19 Sep, 2024 09:06am

10pc tax credit allowed by SC to persons who imported, installed machinery till June 2019

ISLAMABAD: The Supreme Court of Pakistan (SC) has allowed 10 percent tax credit to the persons who have imported and...

Updated 19 Sep, 2024 09:25am

Mangla power house refurbishment: Wapda approaches Power Division for tunnel closure

ISLAMABAD: Water and Power Development Authority (Wapda) has approached Power Division for closure of Tunne1 (unit...

Updated 19 Sep, 2024 02:49pm

Business & Finance

August FCA: CPPA-G seeks Re0.57 per unit negative adjustment

ISLAMABAD: The Central Power Purchasing Agency–Guaranteed (CPPA-G) has sought negative adjustment of Re 0.57 per...

Updated 19 Sep, 2024 09:24am

KE supports entry of other Discos into Karachi

KARACHI: Moonis Alvi, Chief Executive Officer of K-Electric, has expressed his support for the entry of other...

Updated 19 Sep, 2024 02:50pm

‘The Review’ of SBP: Timely realization of IMF lending to help revive inflows

SBP’s Mid-Year Performance Review of the Banking Sector mentions that Pakistan's macroeconomic environment has been improving with revival in economic activity

Updated 19 Sep, 2024 01:12pm

Opportunities for implementing FTAs with EEU states discussed

ISLAMABAD: Pakistan and Russia have agreed to continue engagement for expanding bilateral relations in areas of...

Updated 19 Sep, 2024 02:49pm

Business & Finance

Jul-Aug FDI up 55.5pc to $350.3m YoY

KARACHI: The Foreign Direct Investment (FDI) in the country rose by 55.5 percent during the first two months of this...

Updated 19 Sep, 2024 08:51am

Industry

New steel mills in Karachi: Pakistan, Russia agree to constitute working group

ISLAMABAD: Pakistan and Russia have agreed to constitute a working group to move forward on a proposal of...

Published 19 Sep, 2024 06:37am

Foreign-funded projects: EAD seeks Rs196bn more to cover rupee deficit

ISLAMABAD: The Economic Affairs Division has demanded additional Rs196 billion ($664 million) to address rupee cover...

Updated 19 Sep, 2024 09:04am

Money & Banking

Asian currencies: Rupiah skids after surprise rate cut

BENGALURU: Malaysia’s ringgit hit a more than 19-month high on Wednesday, leading gains in largely positive Asian...

Published 19 Sep, 2024 06:37am

Money & Banking

US dollar edges lower

NEW YORK: The US dollar edged lower against major currencies on Wednesday, giving up some of its overnight gains, as...

Published 19 Sep, 2024 06:37am

Money & Banking

China’s yuan steady

SHANGHAI: China’s yuan held steady against the US dollar on Wednesday, as traders returned to work after the...

Published 19 Sep, 2024 06:37am

Industry

PQA operations: AGP flags potential violations of policy, rules

KARACHI: A recent audit of the Port Qasim Authority (PQA) has revealed potential violations of Pakistan’s Merchant...

Published 19 Sep, 2024 06:37am

Industry

6pc minimum growth rate necessary to tackle unemployment: Mian Zahid

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

Published 19 Sep, 2024 06:37am

Business & Finance

Zardari, ADB President discuss economic recovery and reforms

ISLAMABAD: Asian Development Bank (ADB) President Masatsugu Asakawa and Pakistan President Asif Ali Zardari met to...

Published 19 Sep, 2024 06:37am

Editorials

State of economy signals tougher times ahead

EDITORIAL: Finally, the IMF (International Monetary Fund) executive board with Pakistan’s programme on its agenda...

Published 19 Sep, 2024 06:37am

Business & Finance

Kamal, Russian official discuss trade-related matters

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan and visiting Deputy Minister for Industry and Trade of the...

Published 19 Sep, 2024 06:37am

Auction for MTBs: SBP rejects all bids

KARACHI: Following the federal government’s directives, the State Bank of Pakistan (SBP) has rejected all bids of...

Updated 19 Sep, 2024 08:51am

Commodities

India considers easing export curbs on non-basmati rice

NEW DELHI: India is considering easing curbs on non-basmati rice exports, a senior government official said on...

Published 19 Sep, 2024 06:37am

Business & Finance

Jul-Aug IT, ITeS export remittances register 30pc growth YoY

ISLAMABAD: The country’s information technology and IT-enabled services (ITeS) export remittances comprising...

Published 19 Sep, 2024 06:37am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 19	281.52
USD PKR Interbank Buying / Sep 19	281.27
USD to Japanese Yen / Sep 19	147.95
USD to Swiss Franc / Sep 19	0.80
Pound Sterling to USD / Sep 19	1.35
Euro to USD / Sep 19	1.17
UK LIBOR % / Sep 19	4.96

Stock	Volume
S&P 500 / Sep 19	6,664.36
India Sensex / Sep 19	82,626.23
Tokyo Nikkei / Sep 19	45,045.81
Nasdaq / Sep 19	22,631.48
Hang Seng / Sep 19	26,545.10
FTSE 100 / Sep 19	9,216.67
Dow Jones / Sep 19	46,315.27
Germany DAX 30 / Sep 19	23,639.41
France CAC40 / Sep 19	7,853.59

Item	Value
Crude Oil USD/Barrel / Sep 19	63.68
Karachi Cotton PKR/37.32 KG / Sep 19	15,580
Gold 10 Grams PKR / Sep 19	332,218
Gold Spot USD/Ounce / Sep 19	3,685.30
Cotton US¢/pound / Sep 19	66.29
Petrol/Litre / Sep 23	264.61
Diesel/Litre / Sep 23	272.77

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / Sep 19 Crescent Star Insurance Limited(CSIL)	6.37 ▲ 1 (18.62%)
First Punjab Modaraba / Sep 19 First Punjab Modaraba(FPJM)	7.35 ▲ 0.77 (11.7%)
D.S. Ind. Ltd. / Sep 19 D.S. Industries Limited(DSIL)	10.18 ▲ 1 (10.89%)
B.O.Punjab / Sep 19 The Bank of Punjab(BOP)	26.27 ▲ 2.39 (10.01%)
Metro Steel / Sep 19 Metropolitan Steel Corporation Limited(MSCL)	18.68 ▲ 1.7 (10.01%)
At-Tahur Ltd. / Sep 19 At-Tahur Limited(PREMA)	48.13 ▲ 4.38 (10.01%)
Tariq Corporation / Sep 19 Tariq Corporation Limited(TCORP)	18.91 ▲ 1.72 (10.01%)
Crescent Cotton / Sep 19 Crescent Cotton Mills Limited(CCM)	61.78 ▲ 5.62 (10.01%)
Calcorp Ltd / Sep 19 Calcorp Limited(CASH)	45.94 ▲ 4.18 (10.01%)
Beco Steel Ltd / Sep 19 Beco Steel Limited(BECO)	28.92 ▲ 2.63 (10%)

Stock	Price
Media Times Ltd / Sep 19 Media Times Limited(MDTL)	5.35 ▼ -0.63 (-10.54%)
Idrees Tex. / Sep 19 Idrees Textile Mills Limited(IDRT)	26.46 ▼ -2.94 (-10%)
J.K.Spinning / Sep 19 J.K. Spinning Mills Limited(JKSM)	247.10 ▼ -27.46 (-10%)
First Elite Cap.Mod / Sep 19 First Elite Capital Modaraba(FECM)	33.80 ▼ -3.75 (-9.99%)
F. Nat.Equities / Sep 19 First National Equities Limited(FNEL)	8.55 ▼ -0.91 (-9.62%)
First AL-Noor Mod. / Sep 19 First Al-Noor Modaraba(FANM)	6.25 ▼ -0.62 (-9.02%)
Universal Ins. / Sep 19 The Universal Insurance Company Limited(UVIC)	32.50 ▼ -3.21 (-8.99%)
Reliance Weaving / Sep 19 Reliance Weaving Mills Limited(REWM)	105.19 ▼ -9.18 (-8.03%)
Olympia Mills / Sep 19 Olympia Mills Limited(OML)	36.50 ▼ -3.05 (-7.71%)
Wasl Mobility Mod. / Sep 19 Wasl Mobility Modaraba(WASL)	6.09 ▼ -0.5 (-7.59%)

Stock	Volume
Cnergyico PK / Sep 19 Cnergyico PK Limited(CNERGY)	169,773,055 ▼ -0.34
B.O.Punjab / Sep 19 The Bank of Punjab(BOP)	165,854,902 ▲ 2.39
WorldCall Telecom / Sep 19 Worldcall Telecom Limited(WTL)	162,011,397 ▼ -0.11
Pak Int.Bulk / Sep 19 Pakistan International Bulk Terminal(PIBTL)	135,091,867 ▲ 0.51
K-Electric Ltd. / Sep 19 K-Electric Limited(KEL)	94,275,609 ▲ 0.02
Bank Makramah / Sep 19 Bank Makramah Limited(BML)	89,879,525 ▲ 0.65
P.T.C.L. / Sep 19 Pakistan Telecommunication Company Ltd(PTC)	77,889,542 ▲ 1.6
Fauji Foods Ltd / Sep 19 Fauji Foods Limited(FFL)	74,618,668 ▲ 0.09
Telecard Limited / Sep 19 Telecard Limited(TELE)	66,954,977 ▼ -0.23
Kohinoor Spinning / Sep 19 Kohinoor Spinning Mills Limited(KOSM)	58,032,740 ▼ -0.21

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