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

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

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

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

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

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

‘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

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

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

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

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

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

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

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

‘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

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

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

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

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

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

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

‘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

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

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

Utter madness

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

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

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

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

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

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

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

LME official prices

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

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

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

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

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

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

‘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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 1	277.78
USD PKR Interbank Buying / Nov 1	277.68
USD to Japanese Yen / Nov 1	153.01
USD to Swiss Franc / Nov 1	0.87
Pound Sterling to USD / Nov 1	1.29
Euro to USD / Nov 1	1.08

Stock	Volume
S&P 500 / Nov 1	5,728.80
India Sensex / Nov 1	79,724.12
Tokyo Nikkei / Nov 1	38,053.67
Nasdaq / Nov 1	18,239.92
Hang Seng / Nov 1	20,506.43
FTSE 100 / Nov 1	8,177.15
Dow Jones / Nov 1	42,052.19
Germany DAX 30 / Nov 1	19,254.97

Item	Value
Crude Oil USD/Barrel / Nov 1	69.49
Karachi Cotton PKR/37.32 KG / Nov 1	18,085
Gold 10 Grams PKR / Nov 1	244,084
Gold Spot USD/Ounce / Nov 1	2,736.53
Cotton US¢/pound / Nov 1	70.17
Petrol/Litre / Nov 3	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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