News Archives for Print - 2024-09-28

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Print - 2024-09-28

Stocks

Indian shares end off record highs

BENGALURU: Indian shares settled marginally lower on Friday as investors booked profits at the end of a week that ...

Published 28 Sep, 2024 07:51am

Stocks

UAE stocks end lower on weak oil

DUBAI: Stock markets in the United Arab Emirates fell on Friday despite China’s big stimulus steps as weak oil...

Published 28 Sep, 2024 07:50am

Stocks

China stocks post best weekly gain since 2008

SHANGHAI: China stocks logged their best week in 16 years on Friday, as Beijing rolled out its most aggressive...

Published 28 Sep, 2024 07:48am

Stocks

Europe’s STOXX 600 at all-time high as China-exposed firms revel in stimulus boost

PARIS: Europe’s STOXX 600 share index closed at a record high on Friday as companies and sectors exposed to China...

Published 28 Sep, 2024 07:47am

Stocks

Dow advances to record high after inflation report

NEW YORK: The blue-chip Dow rose on Friday to hit an intraday record and small-cap stocks outperformed after a ...

Published 28 Sep, 2024 07:45am

Money & Banking

Asian currencies: Ringgit, Thai baht at over 2-year highs

BENGALURU: Asian emerging market currencies were on a roll on Friday, with the Malaysian ringgit and the Thai baht...

Published 28 Sep, 2024 07:42am

Money & Banking

Dollar drops after inflation data

NEW YORK: The dollar weakened on Friday after a reading of US inflation indicated price pressures continue to cool,...

Published 28 Sep, 2024 07:42am

Court withdraws bail of actress Nazish Jahangir

LAHORE: A sessions’ court on Friday withdraws bail of an actress Nazish Jahangir due to non-pursuit in a case...

Published 28 Sep, 2024 07:39am

Pak SAI elected ASOSAI GB member

ISLAMABAD: Pakistan’s Supreme Audit Institution (SAI) on Friday was elected as a member of the Governing Board of...

Published 28 Sep, 2024 07:34am

Investment objective: 25 Chinese cos express interest

BEIJING: As many as, 25 major Chinese investment companies have expressed their deep interest in investing heavily ...

Published 28 Sep, 2024 07:30am

US charges three Iranians over Trump campaign hack

WASHINGTON: The United States unveiled charges Friday against three individuals as it accused Iran of election...

Published 28 Sep, 2024 07:16am

Europe

Greece probes Pakistani migrant’s death in police custody

ATHENS: Greek authorities on Friday were investigating the death of a migrant in police custody after pictures of ...

Published 28 Sep, 2024 07:16am

Reserved seats: ECP urges apex court to review its short order

ISLAMABAD: The Election Commission of Pakistan (ECP) asked the Supreme Court to review its short order (majority) ...

Published 28 Sep, 2024 07:16am

The Weather

KARACHI: The weather report on Friday (September 27, 2024) and the forecast for Saturday (September 28, 2024)...

Published 28 Sep, 2024 07:16am

Lt-Gen Muhammad Ali made Secretary Ministry of Defence

ISLAMABAD: The Government of Pakistan has appointed Lieutenant General Muhammad Ali as the new Secretary of Defence,...

Published 28 Sep, 2024 07:16am

IK steps up criticism of CEC

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

Published 28 Sep, 2024 07:16am

PTI protests against proposed constitutional amendments

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday staged a protest outside the Supreme Court against the proposed...

Published 28 Sep, 2024 07:16am

No compromise on quality of food, says SFA chief

KARACHI: Director General Sindh Food Authority (SFA) Muzammil Halipoto, while referring to his recent discussions...

Published 28 Sep, 2024 07:16am

KPT celebrates World Maritime Day

KARACHI: Sequence to World Maritime Day Celebrations, Karachi Port Trust (KPT) held a seminar on 27th September 2024...

Published 28 Sep, 2024 07:16am

Anti-narcotics efforts: Sindh govt takes step to enhance coordination

KARACHI: The Sindh government has decided to establish a fusion center to enhance intelligence sharing and...

Published 28 Sep, 2024 07:16am

Pakistan rejects New Delhi’s allegations of terrorism

NEW YORK: Pakistan has called India out for its history of sponsoring terrorism, rejecting New Delhi’s allegations...

Published 28 Sep, 2024 07:16am

NTDC holds gender mainstreaming training workshop

LAHORE: The National Transmission and Despatch Company (NTDC) is committed for gender mainstreaming and women...

Published 28 Sep, 2024 07:16am

SC’s verdict on reserved seats: LHC allows time to govt, ECP on implementation plea

LAHORE: The Lahore High Court on Friday allowed time to the federal government and the Election Commission of...

Published 28 Sep, 2024 07:16am

Idea Sports Programme concludes

LAHORE: The closing ceremony of the Idea Sports Program, organized by the University of Education, Lahore, was held...

Published 28 Sep, 2024 07:16am

BISP launches Programme for Adolescent Girls’ Nutrition

ISLAMABAD: BISP has launched Social Protection Support Programme for Adolescent Girls’ Nutrition (SOPRAN), a press...

Published 28 Sep, 2024 07:16am

Ahsan calls to vigorously follow the model of China

ISLAMABAD: Planning Minister Ahsan Iqbal addressed a ceremony in connection with the National Day of China in...

Published 28 Sep, 2024 07:16am

Aleem Dar to retire at end of 2024-25 domestic season

LAHORE: Aleem Dar, widely regarded as one of the world’s most respected and admired cricket umpires, will retire ...

Updated 28 Sep, 2024 08:05am

Condition of school buildings: Punjab CM orders survey

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif has directed the authorities concerned to seal schools built in...

Published 28 Sep, 2024 07:16am

Kissan Card scheme: 82,000 farmers receive credit cards

LAHORE: Around 82,000 farmers have received their credit cards while the Bank of Punjab has confirmed more than...

Published 28 Sep, 2024 07:16am

Market witnesses shortage of life-saving drugs

LAHORE: Different essential and life-saving drugs have disappeared from the market, putting the health and even the...

Updated 28 Sep, 2024 08:06am

Customs seizes smuggled betel nuts near Hub

KARACHI: The Collectorate of Customs (Enforcement) in Karachi has recovered over 4000 kilograms of smuggled betel...

Published 28 Sep, 2024 07:16am

PTI approaches LHC against ‘Pemra ban’

LAHORE: Pakistan Tehrik-e-Insaf has approached the Lahore High Court against Pakistan Electronic and Media ...

Published 28 Sep, 2024 07:16am

PTI leader demands CEC, four ECP members resign

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday said the constitution is under threat from the very institutions...

Published 28 Sep, 2024 07:16am

Kurram clashes: death toll rises to 46 after five more killed

PESHAWAR: Armed clashes in tribal district Kurram continued for seventh consecutive day on Friday and the rival...

Published 28 Sep, 2024 07:16am

JUI-F to hold intra-party polls in Peshawar tomorrow

ISLAMABAD: The Jamiat Ulema-e-Islam Fazl (JUI-F) on Friday announced holding intra-party elections on September 29...

Updated 28 Sep, 2024 08:08am

Industry

Malaysian CG meets Zubair Motiwala

KARACHI: Herman Hardynata Ahmad, Consul General of Malaysia, and Hafiz Abdul Jalil, Deputy Director, Management...

Published 28 Sep, 2024 07:16am

Talk with US-Pakistan Business Council delegation: Attracting US investment top priority: PM

President US-Pakistan Business Council says delegation of the Council, being planned this year, would explore further opportunities for investment in Pakistan

Updated 28 Sep, 2024 03:55pm

ECC approves Rs1bn more for SCO Summit next month

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved additional funds of Rs1 billion for...

Updated 28 Sep, 2024 09:23am

PM invites American banks to invest in Pakistan

NEW YORK: Prime Minister Shehbaz Sharif has invited American banks to invest in Pakistan in key sectors of...

Updated 28 Sep, 2024 08:43am

Rates

Equities extend losses

KARACHI: Pakistan Stock Exchange on Friday remained under pressure and closed in negative zone as the investors ...

Published 28 Sep, 2024 07:16am

PM for sovereign state of Palestine based on pre-1967 borders

NEW YORK: Expressing anguish over Israeli atrocities against Palestinians, Prime Minister Shehbaz Sharif said this...

Updated 28 Sep, 2024 08:44am

FBR reconstitutes SSTR committee

ISLAMABAD: The Federal Board of Revenue (FBR) has reconstituted Single Sales Tax Return (SSTR) Committee for filing...

Updated 28 Sep, 2024 08:55am

Q1: Rs170bn revenue shortfall glares at FBR

ISLAMABAD: The Federal Board of Revenue (FBR) is likely to face revenue shortfall of Rs170 billion during the first...

Updated 28 Sep, 2024 08:43am

Pakistan removes floor price for rice exports

ISLAMABAD: Pakistan removed a floor price for rice exports on Friday, the country’s commerce ministry said,...

Published 28 Sep, 2024 07:16am

FED on allotment or transfer of commercial properties challenged

ISLAMABAD: The federal excise duty (FED), recently levied through the Finance Act, 2024, on transfer of plots and...

Updated 28 Sep, 2024 09:21am

PowerChina keen to convert imported coal plants to local coal ones

ISLAMABAD: Chinese company PowerChina has shown interest in conversion of imported coal power plants on local coal...

Updated 28 Sep, 2024 08:46am

Petrol price likely to remain unchanged

ISLAMABAD: The federal government is considering maintaining the current price of petrol while implementing a slight...

Updated 28 Sep, 2024 08:48am

NA panel approves amendment: Money Bill will be referred to finance panel before its passage

ISLAMABAD: The National Assembly Standing Committee on Rules of Procedure and Privileges, unanimously, approved the...

Updated 28 Sep, 2024 09:20am

Economic recovery: COAS praises role of China, Saudi Arabia and UAE

ISLAMABAD: Chief of Army Staff (COAS) General Syed Asim Munir, on Friday, inaugurated the Innovista Indus IT Park in...

Updated 28 Sep, 2024 08:48am

Commodities

Gold prices fall

KARACHI: The local and international gold prices inched down from all-time highs on Friday, but silver stood firm,...

Published 28 Sep, 2024 07:16am

Qatar’s rising star in cardiology

Qatar, a nation of just 3 million people, is home to a thriving community of Pakistani doctors who are making...

Published 28 Sep, 2024 07:16am

IMF lending: tougher tasks lie ahead

The International Monetary Fund (IMF), upon securing all pre-conditions, announced this week the approval of the...

Updated 28 Sep, 2024 08:21am

Old habits die hard

I wonder how many children in modern times have even seen a comic book. In my childhood comic books were the...

Updated 28 Sep, 2024 08:23am

Letters

‘Trump’s Achilles’ heel: immigrant voters’

This is apropos a letter to the Editor by this writer carried by the newspaper yesterday. In my view, Kamala Harris,...

Published 28 Sep, 2024 07:16am

Energy

KE continues crackdown against power thieves

KARACHI: K-Electric continues its crackdown on electricity thieves in collaboration with law enforcement agencies....

Published 28 Sep, 2024 07:16am

Cotton & Textile

Spot rate resists further decline amid modest trading

LAHORE: The local cotton market on Friday remained firm and the trading volume remained a little bit low. Cotton...

Published 28 Sep, 2024 07:16am

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 28 Sep, 2024 07:16am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (September 27, 2024). ========================== KIBOR...

Published 28 Sep, 2024 07:16am

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 28 Sep, 2024 07:16am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (September 27, 2024). ======================== Open Bid...

Published 28 Sep, 2024 07:16am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (September 27, 2024)....

Published 28 Sep, 2024 07:16am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (September 27, 2024). ==================================== BR...

Published 28 Sep, 2024 07:16am

SBP receives over $1bn first tranche of IMF loan

KARACHI: Pakistan, on Friday received over $1 billion inflows as the first tranche of a long-term loan from the IMF,...

Published 28 Sep, 2024 07:16am

Weekly SPI inflation up 0.05pc

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended September 26, 2024, increased by 0.05...

Published 28 Sep, 2024 07:16am

Finance Division says economy indicating positive developments

ISLAMABAD: Inflation has dropped to single digit and is expected to remain within the range of eight percent to nine...

Published 28 Sep, 2024 07:16am

Stocks

Shanghai exchange apologises for slowdown as demand soars

SHANGHAI: The Shanghai Stock Exchange apologised on Friday for an “abnormal slowdown” in transactions that sent...

Published 28 Sep, 2024 07:16am

Cnergyico buys Pakistan’s first Black Sea CPC Blend

MOSCOW/ISLAMABAD: Pakistan’s biggest oil refiner Cnergyico said it has recently bought Black Sea CPC Blend, ...

Published 28 Sep, 2024 07:16am

Minister expresses satisfaction on implementation of SME policy

LAHORE: Rana Tanveer Hussain, Federal Minister Industries and Production chaired the 12th Meeting of National...

Published 28 Sep, 2024 07:16am

World Bank official, Ahsan discuss economic measures

ISLAMABAD: Najy Benhassine, the country director of World Bank called on Minister for Planning, Development and...

Published 28 Sep, 2024 07:16am

President UBG appreciates approval of $7bn package by IMF

KARACHI: Zubair Tufail, President of the United Business Group (UBG), has described the approval of a $7 billion...

Published 28 Sep, 2024 07:16am

Industry

PHMA elects office-bearers

KARACHI: Muhammad Babar Khan, Abdul Hameed and Faisal Arshad Shaikh have been elected unopposed as Central Chairman,...

Published 28 Sep, 2024 07:16am

Industry

PDWP approves feasibility study for fish market

LAHORE: The Provincial Development Working Party (PDWP) of Punjab for the financial year 2024-25 on Friday approved...

Published 28 Sep, 2024 07:16am

Industry

Multan Chamber announces unofficial results

LAHORE: The Multan Chamber of Commerce and Industry have announced the unofficial results of its 2024-26 elections....

Published 28 Sep, 2024 07:16am

Industry

Punjab govt dedicates 100 acres of land for shrimp farming

LAHORE: The Punjab government has dedicated 100 acres of land for shrimp farming in the first phase with an...

Published 28 Sep, 2024 07:16am

Industry

Mian Abuzar elected LCCI President

LAHORE: Mian Abuzar Shad, Engr. Khalid Usman and Shahid Nazir Chaudhry were elected as President, Senior Vice...

Published 28 Sep, 2024 07:16am

Hazar Khan made PHMA senior vice chairman

Industry

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	157.10
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.25
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
India Sensex / Dec 23	78,540.17
Tokyo Nikkei / Dec 23	39,055.35
Nasdaq / Dec 23	19,764.89
Hang Seng / Dec 23	20,105.38
FTSE 100 / Dec 23	8,102.72
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77

Item	Value
Crude Oil USD/Barrel / Dec 23	69.60
Karachi Cotton PKR/37.32 KG / Dec 23	17,785
Gold 10 Grams PKR / Dec 23	241,087.80
Gold Spot USD/Ounce / Dec 23	2,617.29
Cotton US¢/pound / Dec 23	69.11
Petrol/Litre / Dec 24	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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