News Archives for Print - 2024-10-02

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Print - 2024-10-02

Kurram needs attention

EDITORIAL: Thankfully, after a week of violent clashes in Kurrram district peace has been restored. Violent clashes...

Published 02 Oct, 2024 07:00am

Hassan Nasrallah’s assassination and after

EDITORIAL: Changing the strategic dynamics of its confrontation with Hezbollah for over a week Israel has constantly...

Published 02 Oct, 2024 07:00am

And the brand lives on…

The product dies. The factory shuts down. The shelves become empty. The shops forget it. The mind stores in memory....

Published 02 Oct, 2024 06:49am

The untapped value of water

Pakistan, a country facing increasing water scarcity, is struggling with a critical challenge in efficiently ...

Published 02 Oct, 2024 06:48am

Sound data and effective policymaking

EDITORIAL: How can a country be effectively governed without reliable data? This is a question Pakistani...

Published 02 Oct, 2024 06:34am

Attacks damage two ships off Yemen

DUBAI: Two ships were damaged in separate attacks off Yemen on Tuesday, a British maritime agency said, as regional...

Published 02 Oct, 2024 06:19am

South Asia

IIOJK votes in final round of regional polls

OCCUPIED BARAMULLA: Illegally Indian-Occupied Jammu and Kashmir (IIOJK) was voting Tuesday in the third and final...

Published 02 Oct, 2024 06:19am

South Asia

Attacks in Sistan-Baluchistan kill six

TEHRAN: At least six people were killed on Tuesday in separate attacks in the restive southeastern region of Iran,...

Published 02 Oct, 2024 06:19am

Industry

IAP elects its new Executive Committee for 2024-26

KARACHI: The Insurance Association of Pakistan (IAP) has elected its new Executive Committee for the year 2024-26 ...

Published 02 Oct, 2024 06:19am

US dockworkers launch mass strike month before election

NEW YORK: Tens of thousands of workers at major ports on the US East and Gulf Coasts went on strike Tuesday in ...

Published 02 Oct, 2024 06:19am

Defence ‘geek’ Ishiba becomes Japan PM

TOKYO: Japan got a new prime minister on Tuesday, with Shigeru Ishiba setting out to jumpstart a lacklustre economy,...

Published 02 Oct, 2024 06:19am

Rates

PSX turns bullish

KARACHI: Despite foreign selling, Pakistan Stock Exchange on Tuesday turned bullish and closed on strong positive...

Published 02 Oct, 2024 06:19am

Dr Naik praises love and hospitality of Pakistanis

ISLAMABAD: Eminent religious scholar Dr Zakir Naik said that Islam is a religion of peace, love, and brotherhood, ...

Published 02 Oct, 2024 06:19am

ECP to hear PTI intra-party elections case today

ISLAMABAD: Faced with strong public criticism over keeping the Pakistan Tehreek-e-Insaf (PTI) intra-party polls case...

Published 02 Oct, 2024 06:19am

Naqvi calls on Fazl with a view to seeking support for proposed Amendment

ISLAMABAD: Federal Minister for Interior Affairs Mohsin Naqvi, Tuesday, called on Jamiat Ulema-e-Islam (JUI) chief...

Published 02 Oct, 2024 06:19am

Letters

Falling victim to swindlers: a senior citizen’s plight

I, a resident of Karachi, have spent seven decades of my life in this country, six of which were utilised in working...

Published 02 Oct, 2024 06:19am

SIEHS-1122 partners with Siha Health & Wellness

KARACHI: Sindh Integrated Emergency and Health Services (SIEHS) and Siha Health & Wellness announced a strategic...

Published 02 Oct, 2024 06:19am

National day celebrated: Malaysia’s trade office to open later this month: CG

KARACHI: The Consulate General of Malaysia in Karachi successfully held a grand dinner reception at a hotel here, to...

Published 02 Oct, 2024 06:19am

Customs thwarts smuggling attempt

KARACHI: The customs officials on Tuesday successfully foiled a smuggling attempt of illegal narcotics at Jinnah...

Published 02 Oct, 2024 06:19am

Stocks

Wall Street slides as Middle East tensions rattle investors

NEW YORK: Wall Street’s main indexes took a beating on Tuesday as reports of escalating tensions in the Middle ...

Published 02 Oct, 2024 06:19am

Stocks

European shares close lower on growing fears of Iran attack on Israel

PARIS: European shares reversed initial gains to close lower on Tuesday, as investors moved out of riskier assets...

Published 02 Oct, 2024 06:19am

Stocks

Nikkei rises nearly 2pc as Ishiba confirmed as PM

TOKYO: Japan’s Nikkei share average rose nearly 2% on Tuesday, led by defence stocks as former defence minister...

Published 02 Oct, 2024 06:19am

Stocks

Most Gulf markets fall on geopolitics, weak oil

DUBAI: Most stock markets in the Gulf ended lower on Tuesday amid rising geopolitical tensions in the region, while...

Published 02 Oct, 2024 06:19am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 175,168 tonnes of cargo comprising 123,814 tonnes of import cargo and 51,354...

Published 02 Oct, 2024 06:19am

Bilawal will visit Peshawar to address PHCBA next week

PESHAWAR: PPP Chairman Bilawal Bhutto Zardari will visit the provincial capital of Khyber Pakhtunkhwa to address...

Published 02 Oct, 2024 06:19am

ADB Director, minister discuss transport sector

ISLAMABAD: Director of the Asian Development Bank’s (ADB) Transport Sector Group, Chen Chen, Tuesday, met with the...

Published 02 Oct, 2024 06:19am

The Weather

KARACHI: The weather report on Tuesday (October 01, 2024) and the forecast for Wednesday (October 02, 2024)...

Published 02 Oct, 2024 06:19am

Rates

LME official prices

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

Published 02 Oct, 2024 06:19am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (October 01, 2024). ========================== KIBOR...

Published 02 Oct, 2024 06:19am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 01, 2024)....

Published 02 Oct, 2024 06:19am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (October 01, 2024). ======================================= Offset...

Published 02 Oct, 2024 06:19am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (October 01, 2024). ==================================== BR...

Published 02 Oct, 2024 06:19am

Purchasing property, car: Non-tax filers to face restriction: Aurangzeb

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb on Tuesday said non-tax filers will have to...

Updated 02 Oct, 2024 07:55pm

‘Bharo Bill Foran; Karo Mulk Roshan’: KE proposes a country-wide campaign

ISLAMBAD: While supporting the power minister’s terminology for power theft as economic terrorism, K-Electric (KE)...

Updated 02 Oct, 2024 09:25am

CJP makes observation about Article 63-A verdict: Apparently, it intended to weaken no-trust motions

ISLAMABAD: The counsel for Supreme Court Bar Association (SCBA) and political parties were directed to refer the...

Updated 02 Oct, 2024 09:23am

Formation of ‘constitutional court’: Bilawal steps up drive

QUETTA: Pakistan Peoples Party (PPP) Chairman and former foreign minister Bilawal Bhutto has said that everyone...

Updated 02 Oct, 2024 09:22am

PM satisfied with ‘lowest’ inflation rate

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday expressed satisfaction over reduction in price hike which is now...

Updated 02 Oct, 2024 09:21am

Kohala hydropower project: PPIB board approves extension of financial close date

ISLAMABAD: The Board of Private Power and Infrastructure Board (PPIB) has approved extension in financial closing...

Updated 02 Oct, 2024 09:20am

APTMA, minister discuss issues facing textile industry

ISLAMABAD: A high-level delegation from the All Pakistan Textile Mills Association (APTMA) on Tuesday held a meeting...

Updated 02 Oct, 2024 09:32am

$7bn IMF loan: PBA commends govt efforts

KARACHI: The Pakistan Banks’ Association (PBA) commends the efforts of the Government of Pakistan and the Ministry...

Updated 02 Oct, 2024 09:19am

Energy

KE launches ‘KE Star Rewards’

KARACHI: K-Electric (KE) has launched another pioneering initiative in the form of KE Star Rewards, in recognition ...

Published 02 Oct, 2024 06:19am

Commodities

Copper, aluminium rebound in thin trade

LONDON: Prices of copper and aluminium rose on Tuesday as economic stimulus measures by top metals consumer China...

Published 02 Oct, 2024 06:19am

Commodities

Japanese rubber futures climb

SINGAPORE: Japanese rubber futures rose on Tuesday on the back of a weaker yen and an aggressive Chinese stimulus...

Published 02 Oct, 2024 06:19am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 30.481 billion...

Published 02 Oct, 2024 06:19am

Commodities

Gold jumps as safe-haven demand, lower US yields support prices

NEW YORK: Gold prices jumped 1% on Tuesday as safe-haven demand spurred by an escalation in the Middle East ...

Published 02 Oct, 2024 06:19am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (October 01, 2024)...

Published 02 Oct, 2024 06:19am

Cotton & Textile

Hectic business on cotton market

LAHORE: The local cotton market on Tuesday remained easy and the trading volume remained satisfactory. Cotton...

Published 02 Oct, 2024 06:19am

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 02 Oct, 2024 06:19am

Forex

Open market rates of foreign currencies

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

Published 02 Oct, 2024 06:19am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (October 01, 2024). ======================== Open Bid...

Published 02 Oct, 2024 06:19am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (October 01, 2024)....

Published 02 Oct, 2024 06:19am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (October 01, 2024)...

Published 02 Oct, 2024 06:19am

Sugar export to Afghanistan: Banks directed to ensure 100pc advance payment

Measure aims to enhance transparency and safeguard the timely collection of export payments, particularly in trade with Afghanistan

Updated 02 Oct, 2024 03:05pm

Investments are fully secured in Pakistan, Russians told by Aleem Khan

ISLAMABAD: Addressing the opening session of the three-day Pakistan-Russia Trade and Investment Forum in Moscow,...

Updated 02 Oct, 2024 10:23am

Depositors of member banks: DPC ups guarantee amount to Rs1m

KARACHI: The Deposit Protection Corporation (DPC) has increased the guarantee amount for all eligible depositors of...

Updated 02 Oct, 2024 09:29am

Lowest since Jan ’21: Sept CPI inflation drops to 6.9pc YoY

ISLAMABAD: The Consumer Price Index (CPI) based inflation decreased to 6.9 per cent on year-on-year basis in...

Published 02 Oct, 2024 06:19am

Agriculture and Allied

Russia and Pakistan: Two agriculture companies sign barter trade deal

MOSCOW: Two agriculture companies from Russia and Pakistan have signed barter deals to trade chickpeas and lentils...

Published 02 Oct, 2024 06:19am

Energy

Big oil’s big payouts under strain

LONDON: Major energy companies are set to borrow billions to maintain shareholder payouts or cut the rate of share...

Published 02 Oct, 2024 06:19am

Fed terminates 2013 money-laundering enforcement action against Citigroup

WASHINGTON: The Federal Reserve announced on Tuesday that it had terminated a 2013 enforcement action it filed...

Published 02 Oct, 2024 06:19am

Oil-rich Saudi projects budget deficit through 2027

RIYADH: The Arab world’s biggest economy Saudi Arabia announced Monday it anticipates a budget deficit of 2.3...

Published 02 Oct, 2024 06:19am

Industry

Issues facing traders to be resolved: LCCI president

LAHORE: LCCI President Mian Abuzar Shad held a detailed and productive meeting with the delegations of traders and...

Published 02 Oct, 2024 06:19am

Industry

Exporters vow to raise rice exports to $5bn by 2025

LAHORE: Rice exporters expressing their pleasure in achieving the USD 4 billion export mark have vowed to take the...

Published 02 Oct, 2024 06:19am

Murad invites Chinese businesspeople to invest in electric buses, bikes

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, in a meeting with a delegation of Chinese investors led by...

Published 02 Oct, 2024 06:19am

Companies

Sateri targets Pakistani market to increase share of lyocell

KARACHI: Sateri, a leading global producer of Man-Made Cellulosic Fiber (MMCF), is set to enhance its presence in...

Published 02 Oct, 2024 06:19am

Meeting discusses ML-1, Thar coal rail line

KARACHI: A meeting on Tuesday was held between Federal Secretary Railways, Mazhar Ali Shah and Chief Secretary Sindh...

Published 02 Oct, 2024 06:19am

Chinese business delegation visits TDAP head-office

KARACHI: On the occasion of China’s National Day, a high-profile Chinese business delegation visited the Trade...

Published 02 Oct, 2024 06:19am

Digital verification of directors: SECP revises procedure for Form-9 filing

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has revised procedure for filing of return...

Published 02 Oct, 2024 06:19am

Money & Banking

Japanese yen and Swiss franc gains

NEW YORK: Safe haven currencies the Japanese yen and Swiss franc gained on Tuesday after news reports that Iran is...

Published 02 Oct, 2024 06:19am

Money & Banking

Asian FX weakens against dollar

BENGALURU: The Malaysian ringgit fell more than 1% on Tuesday as emerging Asian currencies lost ground against a...

Published 02 Oct, 2024 06:19am

Companies

MNC deposits Rs15m penalty into exchequer

ISLAMABAD: A multinational company has deposited a penalty of Rs15 million into the national exchequer in line with...

Published 02 Oct, 2024 06:19am

Etisalat: govt contemplating finding middle ground to resolve payment issue

ISLAMABAD: The government is doubtful of getting the entire amount, as it is contemplating a middle ground to...

Updated 02 Oct, 2024 11:53am

Industry

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

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

Published 02 Oct, 2024 06:19am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 20	278.70
USD PKR Interbank Buying / Jan 20	278.50
USD to Japanese Yen / Jan 20	154.99
USD to Swiss Franc / Jan 20	0.91
Pound Sterling to USD / Jan 20	1.23
Euro to USD / Jan 20	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 20	77,073.44
Tokyo Nikkei / Jan 20	38,951.77
Hang Seng / Jan 20	20,075.11
FTSE 100 / Jan 20	8,520.54
Germany DAX 30 / Jan 20	20,990.31

Item	Value
Crude Oil USD/Barrel / Jan 20	76.74
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Gold Spot USD/Ounce / Jan 20	2,724.84
Cotton US¢/pound / Jan 20	67.80
Petrol/Litre / Jan 21	256.13

Gainers
Losers
Leaders

Stock	Price
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	3.77 ▲ 0.37 (10.88%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	77.59 ▲ 7.05 (9.99%)
Power Cem(Pref) / Jan 21 Power Cement (Pref)(POWERPS)	12.77 ▲ 1.16 (9.99%)
Calcorp Ltd / Jan 21 Calcorp Limited(CASH)	38.70 ▲ 3.50 (9.94%)
Popular Islamic / Jan 21 Popular Islamic Modaraba(PIM)	12.67 ▲ 1.14 (9.89%)
Dewan Textile / Jan 21 Dewan Textile Mills Limited(DWTM)	8.19 ▲ 0.72 (9.64%)

Stock	Price
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	22.51 ▼ -2.48 (-9.92%)
Zahid Jee Textile / Jan 21 Zahidjee Textile Mills Limited(ZAHID)	27.26 ▼ -2.95 (-9.76%)
Suhail Jute / Jan 21 Suhail Jute Mills Limited(SUHJ)	102.50 ▼ -10.97 (-9.67%)
Sana Ind / Jan 21 Sana Industries Limited(SNAI)	28.06 ▼ -2.94 (-9.48%)
Shadab Textile / Jan 21 Shadab Textile Mills Limited(SHDT)	20.50 ▼ -2.07 (-9.17%)
Fateh Sports / Jan 21 Fateh Sports Wear Limited(FSWL)	72.50 ▼ -6.07 (-7.73%)
Faran Sugar / Jan 21 Faran Sugar Mills Limited(FRSM)	44.70 ▼ -3.40 (-7.07%)
Parmount Sp. / Jan 21 Paramount Spinning Mills Limited(PASM)	4.30 ▼ -0.31 (-6.72%)
Pakgen Power / Jan 21 Pakgen Power Limited(PKGP)	101.20 ▼ -6.80 (-6.30%)

Stock	Volume
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.07
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	57,800,421 ▲ 0.37
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	56,891,848 ▼ -0.01
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	32,226,194 ▲ 1.61
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.03
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -0.63
Hub Power Co. / Jan 21 The Hub Power Company Limited(HUBC)	21,405,956 ▼ -1.99
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	19,827,701 ▲ 3.34
Maple Leaf Cement / Jan 21 Maple Leaf Cement Factory Limited(MLCF)	19,744,679 ▲ 0.10

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