News Archives for Print - 2024-10-01

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Print - 2024-10-01

Industry

Jawed Bilwani elected KCCI president

KARACHI: Muhammad Jawed Bilwani, Zia ul Arfeen and Faisal Khalil were elected as President, Senior Vice President ...

Published 01 Oct, 2024 07:44am

Industry

KATI office-bearers elected unopposed

KARACHI: Junaid Naqi, Ejaz Ahmed Sheikh and Syed Tariq Hussain has been elected unopposed as President, Senior Vice...

Published 01 Oct, 2024 07:43am

12 Tunisians dead as boat capsizes off Djerba

TUNIS: At least 12 Tunisians including three children were found dead after a migrant boat capsized off the coast of...

Published 01 Oct, 2024 07:41am

South Asia

Garment workers’ protests leave one dead in Bangladesh

DHAKA: A garment worker was shot dead and at least 20 others were injured on Monday in a violent clash between...

Published 01 Oct, 2024 07:40am

Industry

APTMA chief underscores need for reducing electricity tariffs, restoring RCET

LAHORE: Newly-elected Chairman All Pakistan Textile Mills Association (APTMA) Kamran Arshad has urged policymakers ...

Published 01 Oct, 2024 07:34am

Lease terms of Gymkhana Club: Punjab PA convenes special public committee hearing

LAHORE: In a significant move towards transparency and accountability, the Punjab Assembly convened a special public...

Published 01 Oct, 2024 07:31am

LHC takes strict action against three officers

LAHORE: The Lahore High Court (LHC) Chief Justice Aalia Neelum has taken strict action against three judicial...

Published 01 Oct, 2024 07:29am

Industry

FCCI formally launch ‘Cyberabad’ project

FAISALABAD: Faisalabad Chamber of Commerce & Industry (FCCI) has formally launched the much awaited...

Published 01 Oct, 2024 07:29am

Companies

High tax rates, spiraling costs forcing Pakistan’s major companies to pursue the layoff route

KARACHI: High tax rates and spiraling costs have compelled major listed corporations in Pakistan to reduce headcount...

Updated 01 Oct, 2024 02:00pm

AI-based chatbot launched to tackle hypertension in Pakistan

KARACHI: In a significant development for the 32.5 million people suffering from hypertension in Pakistan, the Heart...

Published 01 Oct, 2024 06:49am

Middle East

Eleven die in Iran of bootleg alcohol intoxication

TEHRAN: At least seven people died in Iran after consuming bootleg booze, state media said Monday, bringing the ...

Published 01 Oct, 2024 06:49am

South Asia

Nepal begins to assess damage after deadly rains, floods kill 192

KATHMANDU: Nepal began on Monday to grapple with damage wrought by deadly floods and landslides triggered by heavy...

Published 01 Oct, 2024 06:49am

NY Times endorses Harris as ‘only patriotic choice’ for president

NEW YORK: The New York Times editorial board on Monday endorsed Kamala Harris, calling the Democrat “the only...

Published 01 Oct, 2024 06:49am

World ‘safer’ without Hezbollah chief Nasrallah, says Blinken

WASHINGTON: US Secretary of State Antony Blinken said Monday that the world is safer after Israel killed Hassan...

Published 01 Oct, 2024 06:49am

HYBRID RICE: A JOURNEY TO HIGH YIELDS AND PROSPERITY

TEXT: With over 70 years of experience, Guard has successfully established itself as a strong brand in Pakistan. ...

Published 01 Oct, 2024 06:49am

Pakistan China Joint Chamber of Commerce & Industry

TEXT: Pakistan China Joint Chamber of Commerce and Industry congratulate the people and leadership of China on the...

Published 01 Oct, 2024 06:49am

75th National Day of China: Messages from Yang Yundong Consul General of the People's Republic of China in Karachi

TEXT: On the occasion of the 75th anniversary of the founding of the People's Republic of China, on behalf of the...

Published 01 Oct, 2024 06:49am

75th National Day of China: Messages from Jiang Zaidong

TEXT: Ambassador Extraordinay and Plenipotentiary of the People's Republic of China to the Islamic Republic of...

Published 01 Oct, 2024 06:49am

SC dismisses LHC’s verdict regarding election tribunals

ISLAMABAD: The Supreme Court set aside the Lahore High Court (LHC)’s judgment and the notification issued by it ...

Published 01 Oct, 2024 06:49am

South Asia

Taliban blame Pakistan after ‘capture of key IS fighters’

KABUL: Taliban authorities captured “key members” of the Islamic State group responsible for recent deadly...

Published 01 Oct, 2024 06:49am

MoFA, Beirut Embassy facilitate Pakistani nationals in Lebanon

ISLAMABAD: The Ministry of Foreign Affairs and Embassy in Beirut continue to make efforts to facilitate Pakistani...

Published 01 Oct, 2024 06:49am

Malaysian PM Anwar bin Ibrahim will visit Pakistan from Oct 2-4

ISLAMABAD: Malaysian Prime Minister Anwar bin Ibrahim will undertake an official visit to Pakistan from October 2-4...

Published 01 Oct, 2024 06:49am

Pakistan’s youngest girl wins ‘Danish Junior Open Squash Championship’

LAHORE: Pakistan’s youngest emerging squash talent, 11-year old- Mahnoor Ali, has made yet another remarkable mark...

Published 01 Oct, 2024 06:49am

KMC approves 11 resolutions

KARACHI: The general meeting of the Karachi Metropolitan Corporation Council was held on Monday under the...

Published 01 Oct, 2024 06:49am

JI slams govt for ‘flawed’ policies

KARACHI: Monem Zafar, city chief of Jamaat-e-Islami on Monday lashed out at the government for its “flawed”...

Published 01 Oct, 2024 06:49am

Farmers urge govt to address issue of inflated bills

LAHORE: Farmers have urged the Punjab government to take up the issue of inflated electricity bills with the federal...

Published 01 Oct, 2024 06:49am

Fake video case of Azma Bokhari: Inquiry initiated against IO for submitting misleading reports, FIA informed LHC

LAHORE: Federal Investigation Agency (FIA) on Monday informed the Lahore High Court that an inquiry had been...

Published 01 Oct, 2024 06:49am

Budhani made PCDA chairman

KARACHI: Abdul Samad Memon (Budhani) has been elected unopposed as the Chairman of the Pakistan Chemists and...

Published 01 Oct, 2024 06:49am

AC sends back Kidney Hills corruption case to NAB

ISLAMABAD: The Accountability Court, on Monday, sent back the Kidney Hills corruption case against Pakistan...

Published 01 Oct, 2024 06:49am

Solar eclipse forecast

KARACHI: The Met Office on Monday forecast the annular solar eclipse for October 2-3, saying that the astronomical...

Published 01 Oct, 2024 06:49am

There’s no need for military operations in Balochistan: Bugti

QUETTA: Balochistan Chief Minister Sarfaraz Bugti said on Monday that there was no need to continue military...

Published 01 Oct, 2024 06:49am

Review pleas: Justice Munib recuses himself from the bench

ISLAMABAD: Justice Munib Akhtar expressed inability to sit on the bench constituted for the hearing of review...

Published 01 Oct, 2024 06:49am

PTI announces series of protests in support of judiciary

ISLAMABAD: The incarcerated former prime minister and founding chairman of Pakistan Tehreek-e-Insaf (PTI) Imran Khan...

Published 01 Oct, 2024 06:49am

Missing persons’ case: Gandapur given two weeks to submit reply

PESHAWAR: Peshawar High Court has directed Chief Minister Khyber Pakhtunkhwa Sardar Ali Amin Gandapur to submit his...

Published 01 Oct, 2024 06:49am

PTI chairman, Fazl discuss proposed ‘constitutional package’

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Gohar Ali Khan on Monday discussed the overall political ...

Published 01 Oct, 2024 06:49am

Why social media platforms not accountable to anyone: Azma Bokhari

LAHORE: Punjab Information Minister Azma Bokhari has said that social media platforms are making money in Pakistan...

Published 01 Oct, 2024 06:49am

Unending conflict

Israel’s assassination of Hezbollah chief Sayyed Hassan Nasrullah along with 20 of his commanders in a strike in...

Updated 01 Oct, 2024 07:24am

The investment slump

The year, 2023-24, has witnessed the lowest ever level of fixed investment in Pakistan. It is estimated at 11.4% of...

Updated 01 Oct, 2024 07:21am

The Weather

KARACHI: The weather report on Monday (September 30, 2024) and the forecast for Tuesday (October 01, 2024)...

Published 01 Oct, 2024 06:49am

Rates

PSX under selling pressure

KARACHI: Pakistan Stock Exchange on Monday remained under severe selling pressure and closed in negative as the...

Published 01 Oct, 2024 06:49am

Stocks

KSE-100 index increases by 3.4pc

KARACHI: Pakistan’s benchmark KSE-100 index increased by 3.4 percent on quarter-on-quarter basis in rupee term and...

Published 01 Oct, 2024 06:49am

Letters

Reckless Amendments?

The main provision of the newly amended Supreme Court Procedure and Practices (SCPP) Act 2024 is to empower the ...

Published 01 Oct, 2024 06:49am

Brain drain in Pakistan: causes, consequences and way forward

The migration of high-skilled workers is a global phenomenon. However, most migration is usually seen from...

Published 01 Oct, 2024 06:49am

Stocks

Wall St subdued ahead of Powell’s comments

NEW YORK: Wall Street’s main indexes were flat to lower in choppy trading on Monday as investors paused after the...

Published 01 Oct, 2024 06:49am

Stocks

European shares end lower as automakers weigh

PARIS: Europe’s STOXX 600 closed lower on Monday with automakers leading declines after industry majors Stellantis...

Published 01 Oct, 2024 06:49am

Stocks

China stocks surge in biggest single-day rally since 2008

SHANGHAI: Chinese stocks swept to their biggest single-day gains in 16 years on Monday, with domestic A-shares...

Published 01 Oct, 2024 06:49am

Stocks

Nikkei dives, JGB yields jump after Ishiba win

TOKYO: Japan’s benchmark Nikkei share average plummeted on Monday in reaction to a sharply stronger yen after...

Published 01 Oct, 2024 06:49am

Energy

Oil prices rise on Mideast conflict

NEW YORK: Oil prices rose on Monday on fears of a widening conflict in the Middle East curtailing Iranian crude...

Published 01 Oct, 2024 06:49am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The total cargo handled at Karachi Port during the last 24 hours closed at 172,377 Tones. The break up ...

Published 01 Oct, 2024 06:49am

Rates

LME official prices

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

Published 01 Oct, 2024 06:49am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (September 30, 2024). ========================== KIBOR...

Published 01 Oct, 2024 06:49am

Forex

Open market rates of foreign currencies

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

Published 01 Oct, 2024 06:49am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (September 30, 2024). ======================== Open Bid...

Published 01 Oct, 2024 06:49am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (September 30, 2024)....

Published 01 Oct, 2024 06:49am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 30, 2024)....

Published 01 Oct, 2024 06:49am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (September 30, 2024)...

Published 01 Oct, 2024 06:49am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (September 30, 2024). ======================================= Offset...

Published 01 Oct, 2024 06:49am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (September 30, 2024). ==================================== BR...

Published 01 Oct, 2024 06:49am

Agriculture posts 6.76pc growth in Q4FY24: NAC

Pakistan’s economy posts a stable growth of 3.07 percent during the fourth quarter of financial year 2023-24

Updated 01 Oct, 2024 09:30am

Ministry opposes solarisation of Balochistan tubewells

ISLAMABAD: The Ministry of Water Resources has opposed solarisation of agriculture tubewells in Balochistan due to...

Updated 01 Oct, 2024 09:26am

Minimum tax payment: KE’s fuel cost, subsidy recoveries should be treated as turnover: SHC

ISLAMABAD: Sindh High Court (SHC) Monday ruled that the subsidy and fuel cost recovered by Karachi Electric Supply...

Updated 01 Oct, 2024 08:53am

Rs87bn short of target: Q1 collection stands at Rs2.452trn

ISLAMABAD: Despite taxation measures of Rs 1,800 billion in the budget (2024-25), the Federal Board of Revenue (FBR)...

Updated 01 Oct, 2024 08:52am

ADB fields mission to pace up projects, reforms

ISLAMABAD: The Asian Development Bank (ADB) has fielded a Mission to Islamabad from September 30 to October 18, 2024...

Updated 01 Oct, 2024 08:56am

Tax return deadline extended till 14th

ISLAMABAD: The Federal Board of Revenue (FBR) has finally extended last date for filing of income tax returns up to...

Updated 01 Oct, 2024 09:21am

Toshakhana-II case: Court rejects bail pleas of IK, Bushra

ISLAMABAD: A special court, on Monday, rejected Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan and his...

Updated 01 Oct, 2024 08:52am

NHA raising toll taxes from today

ISLAMABAD: The National Highways Authority (NHA) has increased toll taxes significantly on highways and motorways,...

Updated 01 Oct, 2024 08:55am

Bids amounting to Rs351bn accepted: Govt conducts buyback auction of MTBs

KARACHI: In a historical move, the federal government conducted the buyback auction of Market Treasury Bills (MTBs)...

Updated 01 Oct, 2024 09:27am

PCB made Rs16.386m ‘illicit’ payments to BoG members: AGP

ISLAMABAD: The Auditor General of Pakistan (AGP) has observed that Pakistan Cricket Board (PCB) made unauthorised...

Updated 01 Oct, 2024 09:20am

Significant rise in LPG prices

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) announced a significant increase in Liquefied Petroleum Gas...

Updated 01 Oct, 2024 08:56am

All five int’l firms qualify for 5G spectrum auction

ISLAMABAD: All of the five international consultants qualified in technical bids for providing consultancy services...

Published 01 Oct, 2024 06:49am

Afghanistan’s self-created isolation

EDITORIAL: Nobody expected the threat of multinational legal action at the ICJ (International Court of Justice) over...

Updated 01 Oct, 2024 07:17am

Disarray in the energy sector

EDITORIAL: In yet another indicator of the mess that is the country’s energy sector, power regulator Nepra has...

Updated 01 Oct, 2024 07:16am

Commodities

Paris wheat follows Chicago higher after US stocks report

HAMBURG/PARIS: Euronext wheat rose on Monday as traders assessed weather risks for northern hemisphere sowing and as...

Published 01 Oct, 2024 06:49am

Energy

US natgas prices ease as power outages from Hurricane reduce demand

NEW YORK: US natural gas futures eased about 1% on Monday on a small increase in output over the weekend and...

Published 01 Oct, 2024 06:49am

Commodities

Japan rubber futures climb higher

SINGAPORE: Japanese rubber futures closed higher on Monday supported by rising oil prices, but gains were capped by ...

Published 01 Oct, 2024 06:49am

Commodities

Iron ore soars to near three-month high

BEIJING: Iron ore futures surged to a near three-month high on Monday, propelled by improving demand outlook on the...

Published 01 Oct, 2024 06:49am

Commodities

Copper falls after hitting four-month high

LONDON: Copper prices fell in London on Monday with some investors booking a profit as the metal was on track for ...

Published 01 Oct, 2024 06:49am

Commodities

Palm oil falls for 2nd session on stronger ringgit

KUALA LUMPUR: Malaysian palm oil futures ended the month with overall gains, but declined on Monday, marking the...

Published 01 Oct, 2024 06:49am

Commodities

Record run steers gold to best quarter in four years

NEW YORK: Gold eased on Monday, taking a breather after a historic rally driven by US monetary easing and heightened...

Published 01 Oct, 2024 06:49am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (September 30, 2024)...

Published 01 Oct, 2024 06:49am

Cotton & Textile

Cotton market remain steady with low volume

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

Published 01 Oct, 2024 06:49am

Sri Lanka records first deflation in 29 years

COLOMBO: Cash-strapped Sri Lanka’s economy recorded falling consumer prices for the first time in 29 years,...

Published 01 Oct, 2024 06:49am

Fuel prices decline

ISLAMABAD: The federal government has announced a substantial reduction in petroleum prices effective from October...

Published 01 Oct, 2024 06:49am

Commodities

Non-Basmati white rice: Global rice prices drop after India allows exports

MUMBAI/ HANOI: Global rice prices fell on Monday after India, the world’s No.1 exporter of the grain, gave the...

Published 01 Oct, 2024 06:49am

Unplanned use of agri land has to be regularised: minister

LAHORE: Punjab Local Government Minister Zeeshan Rafiq has said that unplanned commercial use of agricultural lands...

Published 01 Oct, 2024 06:49am

Tax return filing: UBG for one-month extension in deadline

KARACHI: The United Business Group (UBG) has appealed to the Federal Board of Revenue (FBR) to extend the income tax...

Published 01 Oct, 2024 06:49am

TMA raises concerns over govt plan to disconnect gas supply for CPPs

KARACHI: The Towel Manufacturers Association (TMA) has voiced serious concerns about the government's decision to ...

Published 01 Oct, 2024 06:49am

Companies

Standard Chartered Pakistan awarded Hoechst Pakistan’s cash management mandate

KARACHI: Standard Chartered Bank Pakistan and Hoechst Pakistan signed a Memorandum of Understanding (MoU) at the SC...

Updated 01 Oct, 2024 12:15pm

Privatization Commission Board to form Negotiating Committee for privatisation of institutions

ISLAMABAD: Privatization Commission Board under the chairmanship of Federal Minister for Privatization, Board of...

Published 01 Oct, 2024 06:49am

Industry

Newly elected SCCI chief spells out priorities

PESHAWAR: Newly elected president of the Sarhad Chamber of Commerce and Industry Fazal Muqeem Khan spelt out...

Published 01 Oct, 2024 06:49am

German CG praises transformative impact of Thar Coal project

LAHORE: The German Consul General Dr Rüdiger Lotz has said that the public-private partnership in Tharparkar is...

Published 01 Oct, 2024 06:49am

Taxes

FBR urged to extend last date of filing returns

KARACHI: President SITE Association of Industry Muhammad Kamran Arbi, Chief Coordinator Saleem Parekh, Senior Vice...

Published 01 Oct, 2024 06:49am

FBL partner with Mastercard and 1LINK to launch Shariah-compliant Co-Badged Debit Card

KARACHI: In a landmark move set to reshape the digital payments landscape in Pakistan, Faysal Bank Limited (FBL) has...

Published 01 Oct, 2024 06:49am

Money & Banking

Branchless banking: Banks enhance vigilance to combat scams of transactions

LAHORE: The banking sector has enhanced vigilance measures to combat banking scams through branchless banking...

Published 01 Oct, 2024 06:49am

Crucial moot in Moscow today to promote bilateral trade

ISLAMABAD: Pakistan and Russia are all set to hold Trade and Investment Forum on Tuesday (Oct 1) in Moscow aimed at...

Published 01 Oct, 2024 06:49am

Sheikh Umer Rehan elected PVMA chairman for 2024-26 term

Industry

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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