News Archives for Print - 2024-09-30

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Print - 2024-09-30

Europe

Some 500 scientists to be impacted when Europe lab CERN cuts Russia ties

GENEVA: Europe’s physics lab CERN said Sunday that some 500 scientists linked to Russian institutes will be...

Published 30 Sep, 2024 07:06am

Middle East

Israel says ‘more than 20’ Hezbollah members killed alongside Nasrallah

OCCUPIED JERUSALEM: The Israeli military said on Sunday the strike that killed Hezbollah chief Hassan Nasrallah in...

Published 30 Sep, 2024 07:06am

Pentagon warns Iran against expanding conflict

WASHINGTON: The US military said on Sunday it was increasing its air support capabilities in the Middle East and...

Published 30 Sep, 2024 07:06am

South Asia

India to probe fire at Tata plant making components for Apple iPhones

BENGALURU: Indian authorities are set to begin a forensic investigation into the cause of a fire that broke out on...

Published 30 Sep, 2024 07:06am

Pope, asked about Israeli strikes, slams attacks that go ‘beyond morality’

ABOARD THE PAPAL FLIGHT: Pope Francis, asked on Sunday about Israeli airstrikes in Lebanon that killed Hezbollah...

Published 30 Sep, 2024 07:06am

Lebanon: China says opposes any violation of sovereignty

SHANGHAI: China opposes any violation of Lebanon’s sovereignty, China’s foreign ministry said on its website on...

Published 30 Sep, 2024 07:06am

Middle East

Iran’s president denounces Israeli attacks on Tehran’s regional allies

DUBAI: Israel should not be allowed to attack countries in the Iran-aligned “Axis of Resistance” one after the...

Published 30 Sep, 2024 07:06am

Justice or assassination: leaders react to Israel’s killing of Nasrallah

PARIS: World leaders warned of potential repercussions on Saturday after Lebanese group Hezbollah announced its...

Published 30 Sep, 2024 07:06am

Asia

Japan’s Ishiba opts for continuity in cabinet picks, eyes snap election

TOKYO: Japan’s incoming prime minister, Shigeru Ishiba, signalled continuity this weekend in his early decisions ...

Published 30 Sep, 2024 07:06am

The Weather

KARACHI: The weather report on Sunday (September 29, 2024) and the forecast for Monday (September 30, 2024)....

Published 30 Sep, 2024 07:06am

Yousaf quits selection body

LAHORE: The Pakistan Cricket Board (PCB) Sunday announced that Mohammad Yousuf has voluntarily stepped down from his...

Published 30 Sep, 2024 07:06am

Cross-border terrorism: Pakistan hits back at India

UNITED NATIONS: A Pakistani diplomat hit back at the Indian External Affairs Minister’s speech in the UN General...

Published 30 Sep, 2024 07:06am

ET orders re-election at 15 polling stations in Quetta’s PB-45

QUETTA: The Election Tribunal, led by High Court Judge Justice Abdullah Baloch, has released a detailed decision...

Published 30 Sep, 2024 07:06am

PMD issues dengue outbreak warning for October

ISLAMABAD: The Pakistan Meteorological Department has issued a warning of potential dengue outbreak in month of...

Published 30 Sep, 2024 07:06am

CM condemns killing of labourers in Panjgur

LAHORE: Chief Minister Maryam Nawaz Sharif expressed a deep sense of grief over the death of 07 labourers in a ...

Published 30 Sep, 2024 07:06am

Situation in KP very alarming: Azma

LAHORE: Punjab Information Minister Azma Bokhari has said that after a flop show in Kahna, PTI failed to invade...

Published 30 Sep, 2024 07:06am

Need stressed for reducing post-harvest losses

MURREE: Pakistan urgently needs to improve agricultural practices to reduce post-harvest losses, estimated at around...

Published 30 Sep, 2024 07:06am

Truce inked between rival tribes in Kurram

PESHAWAR: Commissioner Kohat Division Syed Motasim Billah Shah has on the special directions of the Chief Minister...

Published 30 Sep, 2024 07:06am

Naqvi highlights China’s development as model for world

ISLAMABAD: Interior Minister Mohsin Naqvi met with Chinese Consul General Zhao Shiren to extend congratulations on...

Published 30 Sep, 2024 07:06am

Gilani condemns killing of labourers in Panjgur

ISLAMABAD: Chairman of the Senate, Syed Yousuf Raza Gilani, on Sunday, strongly condemned the tragic shooting...

Published 30 Sep, 2024 07:06am

Federal minister steps up criticism of KPK CM for issuing threats

ISLAMABAD: Information Minister Attaullah Tarar on Sunday strongly condemned Khyber Pakhtunkhwa Chief Minister Ali...

Published 30 Sep, 2024 07:06am

Fazl says existing parliament has no mandate to amend constitution

PESHAWAR: Jamiat-Ulema-e-Islam-Fazal (JUI-F) Chief Maulana Fazal-ur-Rehman has said that the incumbent parliament ...

Published 30 Sep, 2024 07:06am

JUI-F intra-party polls: Fazl elected emir unopposed

PESHAWAR: The JUI successfully conducted its intra-party elections on Sunday at Mufti Mehmood Centre in Peshawar...

Published 30 Sep, 2024 07:06am

Punjab police register cases against 58 PTI activists

ISLAMABAD: The Punjab Police on Sunday registered cases against 58 local Pakistan Tehreek-e-Insaf (PTI) leaders at...

Published 30 Sep, 2024 07:06am

Three new cases registered against IK

ISLAMABAD: The Punjab police on Sunday registered three new cases against Pakistan Tehreek-e-Insaf (PTI) founding...

Published 30 Sep, 2024 07:06am

PTI to hold protest rallies in Punjab’s three cities on Oct 2

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Sunday announced that the party would hold protests in three major...

Published 30 Sep, 2024 07:06am

MQM-P rejects extension of quota system

One of the...

Published 30 Sep, 2024 07:06am

MWM’s rally turns violent in Karachi

KARACHI: A protest rally arranged by Majlis Wahdat-e-Muslimeen (MWM) attempting to march towards the US Consulate...

Published 30 Sep, 2024 07:06am

20 labourers kidnapped after attack on gas company camp

MUSA KHEl: In a violent incident in the Musa Khel district of the Loralai Division, armed individuals attacked a gas...

Published 30 Sep, 2024 07:06am

Is de-dollarisation on the move

**This is the first of a two-part series on de-dollarisation. An exclusive report carried by Business Recorder...

Updated 30 Sep, 2024 08:09am

Beyond stabilisation: challenges and opportunities

The IMF board has finally approved a $7 billion package, with the first tranche already disbursed. Economic...

Updated 30 Sep, 2024 08:10am

Letters

Qarz ki pee pee kay mai…

That Islamic Republic of Pakistan is precariously close to borrowing limit is a fact. Debt has traditionally been...

Published 30 Sep, 2024 07:06am

SBP to repurchase MTBs: a wise move

SBP (State Bank of Pakistan) has announced its plan to repurchase Market Treasury Bills (MTBs). It has already...

Updated 30 Sep, 2024 08:15am

Country’s energy woes

Energy sector issues risk further deepening Pakistan’s socio-economic divides as recent years have witnessed an...

Updated 30 Sep, 2024 09:02am

Minister stresses urgency of reform to reshape ‘DNA’

ISLAMABAD: Finance Minister Mohammad Aurangzeb on Sunday underscored the urgency of implementing structural reforms...

Updated 30 Sep, 2024 08:54am

Gwadar power plant: Chinese co CPPCL shows conditional willingness to work

Sources say PPIB has cited reference of progress a review meeting regarding 300-MW Gwadar coal power plant of CPEC held under chairmanship of Minister for Planning, Development and Special Initiatives (PD&SI)

Updated 30 Sep, 2024 10:41am

Rates

Stocks end in the red

KARACHI: Pakistan Stock Exchange remained under pressure and closed in red zone during the outgoing week ended on...

Published 30 Sep, 2024 07:06am

Rates

Futures spread down 1,965bps

Trading...

Published 30 Sep, 2024 07:06am

Body formed to ensure enhanced public sector import thru Gwadar port

ISLAMABAD: The Federal Cabinet has constituted an inter-ministerial panel to ensure 60 per cent of public sector...

Updated 30 Sep, 2024 09:01am

PM invites all parties to sign ‘charter of economy’

Says country has come out from economic slump

Updated 30 Sep, 2024 10:40am

CCP suggests govt to swiftly implement CTBCM model

ISLAMABAD: The Competition Commission of Pakistan (CCP) has recommended the government to swiftly implement the...

Updated 30 Sep, 2024 08:59am

Pakistan terms killing of Hassan Nasrallah ‘reckless act’

ISLAMABAD: Pakistan on Sunday condemned Israeli adventurism in the Middle East region, terming the killing of...

Updated 30 Sep, 2024 08:56am

Constitutional court proposal: Lawyers urge judges to distance themselves

ISLAMABAD: Hundreds of lawyers from across the country on Sunday called upon the apex court and high courts judges...

Updated 30 Sep, 2024 09:23am

Tax return deadline: PM likely to take decision today

ISLAMABAD: Prime Minister Shehbaz Sharif will take final decision on Monday (today) on possible one-month extension...

Updated 30 Sep, 2024 09:24am

Senior economist says a ‘maxi budget’ will be unavoidable

ISLAMABAD: With conventional foreign financing lines largely dry off and expecting a massive shortfall in revenue,...

Updated 30 Sep, 2024 08:57am

REAP chairman hails removal of Minimum Export Price cap

KARACHI: With the removal of the Minimum Export Price (MEP), Pakistani rice traders can now export without price...

Updated 30 Sep, 2024 09:27am

Immovable property: DHA challenges imposition of FED

ISLAMABAD: Islamabad High Court (IHC) has issued notices to the Federal Board of Revenue (FBR) and Attorney General...

Updated 30 Sep, 2024 09:28am

Rates

Further improvement

KARACHI: The rupee made further improvement during the previous week as it gained Re0.20 or 0.07% against the US...

Published 30 Sep, 2024 07:06am

Cotton & Textile

Weekly Cotton Review: Market witnesses extreme volatility

KARACHI: The cotton market witnessed unprecedented volatility over the past four days, with prices fluctuating by Rs...

Published 30 Sep, 2024 07:06am

$7bn IMF lending: no grounds for complacency

EDITORIAL: The IMF (International Monetary Fund) Executive Board has approved a 37-month programme amounting to...

Updated 30 Sep, 2024 08:02am

Inexcusable and unforgiveable

EDITORIAL: Mere allegation of blasphemy in this country can lead to murder by vigilantes, even at the hands of law...

Updated 30 Sep, 2024 08:04am

Reckless behaviour

EDITORIAL: It is a shocking statistic. A recent meeting of the Senate Standing Committee on Housing and Works was...

Updated 30 Sep, 2024 08:05am

Commodities

Prices of essential food items show a mixed trend

PESHAWAR: Mixed trend in prices of essential food commodities was witnessed in the retail market. A weekly-survey...

Published 30 Sep, 2024 07:06am

Stocks

Wall Street Week Ahead: Jobs data to test US stock market’s soft-landing hopes

NEW YORK: Investor hopes for a soft landing for the US economy will be put to the test next week, as the government...

Published 30 Sep, 2024 07:06am

Stocks

Sri Lanka shares end higher

BENGALURU: Sri Lankan shares gained on Friday, after the country’s central bank kept interest rates unchanged as...

Published 30 Sep, 2024 07:06am

Stocks

London stocks log weekly jump on China stimulus

LONDON: British equities ended the week on a high note on signs US inflation is continuing to ease, boosting the ...

Published 30 Sep, 2024 07:06am

Stocks

Bourses in Gulf end mixed on geopolitical tensions

DUBAI: Stock markets in the Gulf put in a mixed performance on Sunday as geopolitical tensions in the region...

Published 30 Sep, 2024 07:06am

Stocks

Nikkei rallies 2pc on softer yen

TOKYO: Japan’s Nikkei share average rallied more than 2 percent on Friday, buoyed by further softening of the yen...

Published 30 Sep, 2024 07:06am

Europe

France’s debt weighs heavier ahead of budget debate

PARIS: France’s vast public debt pile grew in the second quarter, official figures showed, as Prime Minister ...

Published 30 Sep, 2024 07:06am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday September 29, 2024

Published 30 Sep, 2024 07:06am

UK buys semiconductor factory to secure supply for military

LONDON: The British government has bought a struggling factory from the US firm Coherent Inc. to secure domestic...

Published 30 Sep, 2024 07:06am

Renewable energy from wind and solar: Ahsan for mobilising private and public finance

LAHORE: Federal Planning and Development Minister Ahsan Iqbal on Sunday stated that Pakistan has huge potential to...

Published 30 Sep, 2024 07:06am

Celestia IT Tower: CBD completes raft concrete pouring

LAHORE: Central Business District Punjab (CBD Punjab) has achieved a major construction milestone by completing the...

Published 30 Sep, 2024 07:06am

Industry

‘Govt should devise strategy to accelerate industrial pace’

FAISALABAD: “The rising cost of doing business over the last several years has stalled fresh investment in the...

Published 30 Sep, 2024 07:06am

BMP urges govt to pursue reforms seriously for long-term economic stability

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has warned that...

Published 30 Sep, 2024 07:06am

Companies

Cheezious opens ‘largest pizza dine’ in Lahore

LAHORE: Cheezious, a proud Pakistani fast-food brand, opened Pakistan’s largest pizza dine in Lahore spanning over...

Published 30 Sep, 2024 07:06am

Muhammad Asim elected President of CFA Society Pakistan

KARACHI: CFA Society Pakistan has elected Muhammad Asim, CIO at MCB Investments, as its new President. Managing over...

Published 30 Sep, 2024 07:06am

Outlet of Turkish lubricant oil opened

KARACHI: Turkish investors are keen to have joint ventures in Pakistan, said the Consul General of Turkiye in ...

Published 30 Sep, 2024 07:06am

FBATI president underscores need for reducing interest rates

KARACHI: The increasing cost of doing business and high interest rates are major challenges for industries to...

Published 30 Sep, 2024 07:06am

Money & Banking

Australia, NZ dollars energised as China optimism boosts risk

SYDNEY: The Australian and New Zealand dollars basked near multi-month highs on Friday as hopes for truly potent...

Published 30 Sep, 2024 07:06am

Money & Banking

Yuan slips as traders take profits after rally

SHANGHAI: China’s yuan slipped on Friday but still hovered near its strongest level in 16 months after Beijing...

Published 30 Sep, 2024 07:06am

Money & Banking

Indian rupee ends weaker

MUMBAI: The Indian rupee ended lower on Friday pressured by month-end dollar demand from importers, with traders...

Published 30 Sep, 2024 07:06am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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