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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Rates

BRIndex100 and BR Sectoral Indices

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

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

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

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

Rates

Kibor interbank offered rates

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

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

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

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

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

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

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

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

Karachi: Sindh CM announces Rs200bn development plan

KARACHI: Sindh Chief Minister Syed Murad Ali Shah announced an extensive development plan of Rs200bn for Karachi....

Published 28 Sep, 2024 07:16am

FPCCI President highlights difficulties in filing income tax returns

KARACHI: Atif Ikram Sheikh, President FPCCI, has highlighted the technical difficulties and delays in filing income...

Published 28 Sep, 2024 07:16am

Cement co found involved in massive tax fraud

KARACHI: A top cement company is involved in a huge tax fraud scheme amounting to over Rs. 11 billion through a ...

Published 28 Sep, 2024 07:16am

India’s witch-hunt of rights organisations

EDITORIAL: The last decade has been very difficult for civil society groups and media in India under the far-right...

Updated 28 Sep, 2024 08:18am

BRICS expansion

EDITORIAL: The world’s emerging economies – Brazil, Russia, India and China – created BRIC in 2006 and South...

Updated 28 Sep, 2024 08:16am

Industry

Hazar Khan made PHMA senior vice chairman

FAISALABAD: Hazar Khan elected unopposed as Senior Vice Chairman of Pakistan Hosiery Manufacturers and Exporters...

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

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

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

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

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

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

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

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

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

Shanghai exchange apologises for slowdown as demand soars

Stocks

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	280.20
USD PKR Interbank Buying / Mar 28	280
USD to Japanese Yen / Mar 28	150.83
USD to Swiss Franc / Mar 28	0.88
Pound Sterling to USD / Mar 28	1.29
Euro to USD / Mar 28	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 27	5,693.31
Nasdaq / Mar 27	17,804.03
Dow Jones / Mar 27	42,299.70
India Sensex / Mar 28	23,448.24
Tokyo Nikkei / Mar 28	36,977.70
Hang Seng / Mar 28	77,559.63
FTSE 100 / Mar 28	8,672.68
Germany DAX 30 / Mar 28	22,600.10
France CAC40 / Mar 28	7,969.56

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 27	17,085
Gold 10 Grams PKR / Mar 27	275,205
Petrol/Litre / Mar 28	255.63
Crude Oil USD/Barrel / Mar 28	69.76
Gold Spot USD/Ounce / Mar 28	3,079.82
Diesel/Litre / Mar 28	258.64
Cotton US¢/pound / Mar 28	66.73

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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