News Archives for Print - 2024-09-24

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Print - 2024-09-24

Champions One-Day Cup playoff stage to begin today

LAHORE: The playoff stage of the Bahria Town Champions One-Day Cup, involving the Qualifier, Eliminator 1 & 2 ...

Published 24 Sep, 2024 03:28am

The Weather

KARACHI: The weather report on Monday (September 23, 2024) and the forecast for Tuesday (September 24, 2024)...

Published 24 Sep, 2024 03:28am

South Asia

Sri Lanka’s new leader says no magic solution to crisis

COLOMBO: Sri Lanka’s first leftist president was sworn in to office Monday and vowed to restore public faith in...

Published 24 Sep, 2024 03:28am

Europe

UK’s Labour pledges economic rebuild amid free gifts row

LIVERPOOL: Britain’s governing Labour party sought Monday to strike a more upbeat note about the country’s...

Published 24 Sep, 2024 03:28am

BISP chief meets IFAD official

ISLAMABAD: Chairperson BISP Rubina Khalid met Ghulam Nabi Marri, National Coordinator International Fund for...

Published 24 Sep, 2024 03:28am

Reserved seats: ECP to discuss ‘clarification order’ today

ISLAMABAD: The Election Commission of Pakistan (ECP) continues to fail in implementing the Supreme Court’s...

Published 24 Sep, 2024 03:28am

TTP deny attack on convoy of foreign diplomats

ISLAMABAD: The Pakistani Taliban on Monday denied carrying out a roadside bomb attack on a police convoy escorting...

Published 24 Sep, 2024 03:28am

PM extends greetings to KSA on National Day

ISLAMABAD: Prime Minister Shehbaz Sharif extended greetings to the government and people of the Kingdom of Saudi...

Published 24 Sep, 2024 03:28am

Alleged currency manipulation: Senate panel to recommend action against errant banks

ISLAMABAD: The Senate Standing Committee on Economic Affairs has decided to recommend further action against...

Published 24 Sep, 2024 03:28am

Implementation of sugar policy Punjab Governor to meet Zardari

LAHORE: Governor Punjab Sardar Saleem Haider Khan said on Monday that he is going to meet the President of Pakistan...

Published 24 Sep, 2024 03:28am

75th National Day of China: CPEC ‘changing landscape of Pakistan’: Punjab CM

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has said that China is taking significant steps to access economic...

Published 24 Sep, 2024 03:28am

‘Construction on 15 key Dasu hydropower project fronts continues’

LAHORE: Chairman WAPDA Engr. Lt Gen Sajjad Ghani (retd) has said that Dasu Hydropower Project is of immense...

Published 24 Sep, 2024 03:28am

Fesco chief greets ‘Rassa Kashi’ team

FAISALABAD: Chief Executive Fesco Engineer Mohammad Amir congratulated the athletes of the Fesco Rassa Kashi team ...

Published 24 Sep, 2024 03:28am

Private airline’s flight narrowly averts disaster

KARACHI: A Fly Jinnah aircraft narrowly averted disaster when it safely executed an emergency landing after a cargo...

Updated 24 Sep, 2024 03:12pm

QENS ALKHOR visits Karachi

KARACHI: Qatar Emiri Naval Ship (QENS) ALKHOR visited Karachi. Upon arrival, the Ship was warmly welcomed by ...

Published 24 Sep, 2024 03:28am

Punjab PA speaker emphasises importance of upholding constitutional provisions

LAHORE: Punjab Assembly Speaker Malik Muhammad Ahmed Khan on Monday disagreed with governor Punjab’s stance on...

Published 24 Sep, 2024 03:28am

Stocks

European shares end higher, Commerzbank dips

PARIS: European shares closed higher on Monday as a soft business activity reading strengthened the case for more...

Published 24 Sep, 2024 03:28am

Stocks

China stocks rise for 4th day amid stimulus hopes

SHANGHAI: China stocks rose on Monday for a fourth straight session, with the country’s 30-year treasury yield...

Published 24 Sep, 2024 03:28am

Stocks

Most Gulf markets in red on rising tensions in the region

DUBAI: Most stock markets in the Gulf ended lower on Monday amid rising tensions in the region, with the Dubai index...

Published 24 Sep, 2024 03:28am

Stocks

Indian shares continue to scale new peaks after US rate cut

BENGALURU: Indian shares hit record highs for the third straight session on Monday as the outsized US rate cut last...

Published 24 Sep, 2024 03:28am

Energy

Oil prices dip

HOUSTON: Oil prices eased more than $1 on Monday as disappointing euro zone business activity added to worries about...

Published 24 Sep, 2024 03:28am

Rates

Activities at Port Qasim

KARACHI: Shipping activity was report at the port where three ships, Corona, North Berwick and Sapphire-X Palm oil...

Published 24 Sep, 2024 03:28am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (September 23, 2024). ========================== KIBOR...

Published 24 Sep, 2024 03:28am

Forex

Open market rates of foreign currencies

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

Published 24 Sep, 2024 03:28am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (September 23, 2024) . ==================================== ...

Published 24 Sep, 2024 03:28am

Forex

Dollar's rate in Interbank market

KARACHI: Interbank closing rates for dollar on Monday (September 23, 2024) . ======================== Open ...

Published 24 Sep, 2024 03:28am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 23, 2024) ....

Published 24 Sep, 2024 03:28am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (September 23, 2024) ....

Published 24 Sep, 2024 03:28am

Stocks

Wall St creeps higher after Fed policymakers back rate cuts

NEW YORK: Wall Street’s main indexes trended higher in choppy trading on Monday as investors focused on comments...

Published 24 Sep, 2024 03:28am

PARTLY FACETIOUS: Freud’s theory was that group therapy can be successful

“I want to give some advice.” “There is no one here but us chickens, and we cluck and can’t absorb...

Published 24 Sep, 2024 03:28am

Israel the last apartheid entity of our century

“In cases of defense ’tis best to weigh”, Shakespeare warns“ The Enemy more mighty than he seems“ a suggestion...

Published 24 Sep, 2024 03:28am

Google or Ogle

I’m over the Hill! I’m from the Morris Minor’s generation or Hillman Minx’s. The fast moving IT industry has left me...

Published 24 Sep, 2024 03:28am

Letters

Trump or Harris: no respite for Palestine

A day after Hamas’ unprecedented attack on Israel on October 7, 2023, I penned an article titled “Hamas Stunted...

Published 24 Sep, 2024 03:28am

UK trade commissioner meets Jam Kamal

ISLAMABAD: Oliver Christian, the UK trade commissioner, met with Federal Minister for Commerce Jam Kamal to explore...

Published 24 Sep, 2024 03:28am

Mixed signals on the economy

The first quarter of 2024-25 is going to come to an end shortly. During these three months, there have been a number...

Published 24 Sep, 2024 03:28am

Pakistan’s dual crisis: conflict and climate

Pakistan, a country historically embroiled in geopolitical conflicts, is now grappling with an even more complex...

Published 24 Sep, 2024 03:28am

Stocks

BMMC receives approval from PSX for listing BCEM on GEM

KARACHI: Burj Modaraba Management Company (BMMC) has received approval from the Pakistan Stock Exchange (PSX) for...

Published 24 Sep, 2024 03:28am

JI chief announces to observe ‘Gaza Week’ from October 1

KARACHI: Chief of Jamaat-e-Islami, Hafiz Naeemur Rehman on Monday announced to observe "Gaza week" from October 1...

Published 24 Sep, 2024 03:28am

Pakistan committed to further strengthening ties with KSA: President

ISLAMABAD: President Asif Ali Zardari reiterated Pakistan’s commitment to further strengthening bilateral...

Published 24 Sep, 2024 03:28am

Rates

Stocks witness drawdown

KARACHI: Pakistan Stock Exchange on Monday witnessed a bearish trend and closed in negative zone as investors opted...

Published 24 Sep, 2024 03:28am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (September 23, 2024)...

Published 24 Sep, 2024 03:28am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (September 23, 2024) . ======================================= ...

Published 24 Sep, 2024 03:28am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR25.224 billion...

Published 24 Sep, 2024 03:28am

Cotton & Textile

Moderate business on cotton market

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

Published 24 Sep, 2024 03:28am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (September 23, 2024)...

Published 24 Sep, 2024 03:28am

Commodities

Aluminium retreats after rate-cut driven rally

LONDON: Aluminium prices hit 10-day lows on Monday on technical weakness after rallies largely driven by the US rate...

Published 24 Sep, 2024 03:28am

Commodities

Iron ore slides on weak China demand prospects, stronger supply

SINGAPORE: Iron ore futures prices fell on Monday as prospects of weak demand in top consumer China and firmer ...

Published 24 Sep, 2024 03:28am

Commodities

Chicago wheat rises on global crop concern

HAMBURG: Chicago wheat rose again on Monday, with prices supported by concern about poor crop weather in several...

Published 24 Sep, 2024 03:28am

Commodities

Gold drifts near record highs

NEW YORK: Gold rose on Monday and lingered near record-high levels, as bullish market sentiment after the US Federal...

Published 24 Sep, 2024 03:28am

Commodities

‘Rice from Vietnam offered lowest in Indonesia’s tender’

HAMBURG: The lowest price offered in the international tender from Indonesian state purchasing agency Bulog buy ...

Published 24 Sep, 2024 03:28am

Commodities

Palm oil futures rise on output concerns

KUALA LUMPUR: Malaysian palm oil futures extended gains on Monday for a fourth straight session, tracking strength ...

Published 24 Sep, 2024 03:28am

Energy

US natgas prices climb on output reductions

NEW YORK: US natural gas futures climbed about 2% to a 12-week high on Monday as oil and gas producers continued to...

Published 24 Sep, 2024 03:28am

Commodities

Gold prices decline

KARACHI: Gold prices fell from record highs locally and globally on Monday with the international bullion value...

Published 24 Sep, 2024 03:28am

Our frail economy undermines our sovereignty

EDITORIAL: The two-day visit to Pakistan of a Russian delegation headed by Deputy Prime Minister Alexei Overchuk has...

Published 24 Sep, 2024 03:28am

Import of cash USD: SBP grants ECs one-year extension

KARACHI: The State Bank of Pakistan (SBP) on Monday granted one-year extension to Exchange Companies (ECs) for the...

Updated 24 Sep, 2024 09:11am

Justice Mansoor objects to Practice and Procedure Ord

ISLAMABAD: Justice Syed Mansoor Ali Shah, senior puisne judge of the Supreme Court, objected to the changes made to...

Updated 24 Sep, 2024 09:09am

Detailed judgment issued: SC says ECP ‘unlawfully’ denying major party its recognition

ISLAMABAD: The Election Commission of Pakistan (ECP) has been asked to issue directions or orders under Article 218...

Updated 24 Sep, 2024 09:15am

Reko Diq: ADB may approve 3rd-party guarantee by Feb

ISLAMABAD: The Ministry of Finance (MoF) has said that a third-party guarantee arrangement on Reko Diq is likely to...

Updated 24 Sep, 2024 09:20am

Likely to arrive next month: Green energy initiative will be shared with Malaysia PM

ISLAMABAD: Malaysian Prime Minister Anwar Ibrahim is likely to visit Pakistan on October 2-4, 2024, on the...

Updated 24 Sep, 2024 09:05am

Xi greets Shehbaz

ISLAMABAD: Chinese President Xi Jinping on Monday sent a congratulatory letter to Prime Minister Shehbaz Sharif,...

Updated 24 Sep, 2024 08:52am

Imran Khan says PTI will start street movement

ISLAMABAD: The incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman, Imran Khan, on Monday said that his...

Updated 24 Sep, 2024 09:07am

‘Over-reliance on imports from China’: NA panel speaks about the challenge

Standing Committee on Commerce asks Commerce Ministry to adopt successful regional trade models used by other countries

Updated 24 Sep, 2024 09:27am

Lt-Gen Asim Malik made chief of ISI

ISLAMABAD: Lieutenant General Asim Malik has been appointed as the Director General of the Inter-Services...

Updated 24 Sep, 2024 08:52am

Concerns voiced over ‘growing misuse’ of EFS

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has expressed its concerns about the growing misuse of...

Updated 24 Sep, 2024 09:11am

Covid subsidy to consumers: NA body summons KE CEO over non-payment

ISLAMABAD: The National Assembly’s standing committee on industries and production has summoned the K-Electric CEO...

Updated 24 Sep, 2024 09:18am

Money & Banking

Dollar gains while euro weakens after PMI data

NEW YORK: The euro fell against the dollar on Monday as business activity reports for the euro zone economy...

Published 24 Sep, 2024 03:28am

Money & Banking

Yuan slows uptick amid rising trade tensions

SHANGHAI: China’s yuan was little changed on Monday following a six-session rising streak, as the dollar ...

Published 24 Sep, 2024 03:28am

Industries & Sectors

AI integration in pharma: PPMA hosts workshop to highlight path to enhanced drug discovery and personalised medicine

KARACHI: The Pakistan Pharmaceutical Manufacturers’ Association (PPMA) organised a day-long workshop titled ‘The...

Published 24 Sep, 2024 03:28am

Companies

Badiuddin elected ACG chief for 2024-27 term

KARACHI: Badiuddin Akber CEO-Central Depository Company of Pakistan Limited has been elected as the Chairman of...

Published 24 Sep, 2024 03:28am

Taxes

Officials exerting pressure to get choice postings: FBR chairman asks heads of field formations to certify/endorse action

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Mahmood has directed all heads of field formations to...

Published 24 Sep, 2024 03:28am

Industry

Sindh Assembly told: Power ‘crisis’ severely impacting industry

KARACHI: In a Sindh Assembly session on Monday, a parliamentary secretary admitted that the present electricity...

Published 24 Sep, 2024 03:28am

OGDCL posts Rs208.976bn profit after tax

ISLAMABAD: The Board of Directors of Oil & Gas Development Company Limited (OGDCL), in its meeting held on...

Published 24 Sep, 2024 03:28am

Industry

Naqi Bari made TMA chairman

KARACHI: The Towel Manufacturers Association of Pakistan (TMA) has elected Ather Muhammad Naqi Bari as Chairman for...

Published 24 Sep, 2024 03:28am

Companies

‘Series A’ funding round: Qist Bazaar raises $3.2m

KARACHI: Qist Bazaar, Pakistan’s Buy Now Pay Later (BNPL) fintech startup, has secured $3.2 million in its Series ...

Published 24 Sep, 2024 03:28am

The SBP recommendations

EDITORIAL: The State Bank of Pakistan’s (SBP’s) half fiscal year report 2023-24 was uploaded on its website on...

Published 24 Sep, 2024 03:28am

Industry

Insurance sector: CCP concerned at preferential treatment to SOEs

ISLAMABAD: The Competition Commission of Pakistan (CCP) has expressed concern over the preferential treatment given...

Published 24 Sep, 2024 03:28am

HBL-P@SHA awards given away to exceptional IT companies

Industry

Money & Banking

Asian currencies slip

BENGALURU: Singapore shares scaled a near 17-year peak on Monday and were among stock markets to gain in emerging...

Published 24 Sep, 2024 03:28am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.02 ▲ 0.41 (15.71%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.70 ▲ 0.46 (14.2%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
S.G.Power / May 15 S.G. Power Limited(SGPL)	8.65 ▲ 0.94 (12.19%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.83 ▲ 0.63 (12.12%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)

Stock	Price
Olympia Mills / May 15 Olympia Mills Limited(OML)	50.47 ▼ -5.06 (-9.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.65 ▼ -2.64 (-9.01%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	10.04 ▼ -0.91 (-8.31%)
Askari Life Assur. / May 15 Askari Life Assurance Company Limited(ALAC)	4.63 ▼ -0.35 (-7.03%)
Imperial Limited / May 15 Imperial Limited(IML)	16.52 ▼ -1.23 (-6.93%)
B. F. Mod. / May 15 B.F. Modaraba(BFMOD)	8.73 ▼ -0.61 (-6.53%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186.82 ▼ -11.54 (-5.82%)
Equity Modaraba / May 15 First Equity Modaraba(FEM)	2.85 ▼ -0.16 (-5.32%)
Pakgen Power / May 15 Pakgen Power Limited(PKGP)	114.14 ▼ -6.39 (-5.3%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.34 ▼ -0.68 (-5.22%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	50,818,876 ▲ 2.68
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	47,570,881 ▲ 0.48
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	40,246,546 ▲ 0.16
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	32,888,417 ▲ 0.18
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,667,657 ▲ 4.48
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	25,344,612 ▲ 0.91
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,773,148 ▲ 0.29
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	16,962,449 ▲ 3.34
B.O.Punjab / May 15 The Bank of Punjab(BOP)	16,957,410 ▲ 0.15
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	16,572,822 ▲ 0.03

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