News Archives for Print - 2024-10-10

Print - 2024-10-10

Technology prevails

Technology; the strongest resource of our times, is grossly mis-understood in the Islamic World. While technology...

Published 10 Oct, 2024 03:15am

The clock ticks to Israel’s reply

The panic attack in the crude oil market must have lit up Sleepy Joe’s phone with frantic calls from the Treasury as...

Published 10 Oct, 2024 03:15am

Relentless crimes against humanity

EDITORIAL: As Israel’s genocidal war on Gaza entered second year on October 8, conscientious citizens in various...

Published 10 Oct, 2024 03:15am

External borrowing

EDITORIAL: Reports indicate that the government has managed to secure 1.2 billion dollars under the Saudi Oil...

Published 10 Oct, 2024 03:15am

Biden, Netanyahu speak on Israel plans

WASHINGTON/OCCUPIED JERUSALEM: US President Joe Biden and Israeli Prime Minister Benjamin Netanyahu spoke on...

Published 10 Oct, 2024 03:03am

Algeria bars France from wheat import tender as relations sour

PARIS: Algeria excluded French companies from a wheat import tender this week and required that participating firms...

Published 10 Oct, 2024 03:03am

PSEB: Capacity-building ordered

ISLAMABAD: Minister of State for IT and Telecommunications Shaza Fatima Khawaja has directed the management of...

Published 10 Oct, 2024 03:03am

Hurricane Milton could cost insurers up to $100bn

LONDON: Hurricane Milton could result in losses of up $100 billion for the global insurance industry, creating a...

Published 10 Oct, 2024 03:03am

South Asia

Kashmiri journalist released on bail after more than two-year detention

NEW DELHI: The Committee to Protect Journalists welcomes the release of Kashmiri journalist Sajad Gul on ...

Published 10 Oct, 2024 03:03am

Israel ramps up Gaza shelling, blocks aid routes

GAZA: The Israeli army intensified shelling of northern Gaza and closed roads, preventing the delivery of aid, the...

Published 10 Oct, 2024 03:03am

US considers break-up of Google in landmark search case

NEW YORK: The US said on Tuesday it may ask a judge to force Alphabet’s Google to divest parts of its business,...

Published 10 Oct, 2024 03:03am

Deceased Chinese were not part of IPP talks: Finance Division

ISLAMABAD: The Finance Division has clarified media reports linking the two deceased Chinese engineers killed in an...

Published 10 Oct, 2024 03:03am

IK’s focal person goes missing

ISLAMABAD: Intizar Hussain Panjotha, the focal person for jailed Pakistan Tehreek-e-Insaf (PTI) founding chairman...

Published 10 Oct, 2024 03:03am

Sherry for introduction of IDCs as global accountability measure

Islamabad, Oct 9: Senator Sherry Rehman, chairing a meeting of the Senate Standing Committee on Climate Change, has...

Published 10 Oct, 2024 03:03am

Plea against ‘amendments bill’ filed in SC

ISLAMABAD: The Supreme Court has been asked to declare the proposed Constitutional Amendments bill, unconstitutional...

Published 10 Oct, 2024 03:03am

SCO summit: Pakistan will be at center stage of world diplomacy: Ahsan

ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal has said Pakistan will be at the center stage ...

Published 10 Oct, 2024 03:03am

Govt to curb Chinese people’s movements during SCO summit

ISLAMABAD: Authorities are seeking to curb movements of Chinese citizens during the Shanghai Cooperation ...

Published 10 Oct, 2024 03:03am

Rights groups slam govt for blocking activist’s US travel

ISLAMABAD: Human rights advocates including Nobel Peace Prize laureate Malala Yousafzai criticised Pakistan on...

Published 10 Oct, 2024 03:03am

Scorching weather likely for another 5 days

KARACHI: The prevailing daytime scorching weather is expected to continue in Karachi for another five days, as...

Published 10 Oct, 2024 03:03am

LPG Action Committee threatens to go on strike

KARACHI: The head of the LPG Action Committee, Haider Ali, has threatened to call for a city-wide LPG strike. He...

Published 10 Oct, 2024 03:03am

PM’s Relief Fund for Gaza, Lebanon notified

ISLAMABAD: The government has notified the establishment/ opening of Prime Minister’s Relief Fund for Gaza and...

Published 10 Oct, 2024 03:03am

5 ‘dacoits’ killed in ‘encounter’ in Karachi

KARACHI: In an alleged police encounter near Manghopir area of Karachi, five suspected dacoits were killed, police...

Published 10 Oct, 2024 03:03am

Ayesha takes oath as first woman Ombudsman in Punjab

LAHORE: Punjab Governor Sardar Saleem Haider Khan on Wednesday administered oath to Ayesha Hamid as Ombudsman ...

Published 10 Oct, 2024 03:03am

1.7m farmers get ‘Kissan Card’: minister

LAHORE: Over 170,000 farmers have so far received ‘Kissan Card’, under the Chief Minister Punjab’s initiatives...

Published 10 Oct, 2024 03:03am

Mountaineer Shehroze creates history

LAHORE: Pakistan’s most esteemed mountaineer Shehroze Kashif (22) has etched his name in history by summiting...

Published 10 Oct, 2024 03:03am

Elahi denies reports of plea bargain with NAB

LAHORE: Former Punjab Chief Minister Chaudhry Parvez Elahi has denied the reports circulating in media regarding his...

Published 10 Oct, 2024 03:03am

Four mentors to be involved in U-19 Women’s T20 Tournament 2024

LAHORE: Four of the five mentors who worked in the Bahria Town Champions One-Day Cup 2024 will be involved in the...

Published 10 Oct, 2024 03:03am

Constitutional amendments may be passed before CJP Isa’s retirement: Bilawal

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari has emphasized that the government will want...

Published 10 Oct, 2024 03:03am

Monal Restaurant demolition case: Judge who issued stay order against SC verdict suspended

ISLAMABAD: The Islamabad High Court (IHC), Wednesday, suspended Judge Inamullah, who issued a stay order despite the...

Published 10 Oct, 2024 03:03am

Lt-Gen Akhtar Satti (retd) takes oath as FPSC chairman

ISLAMABAD: Lt General Akhtar Nawaz Satti (retired) took oath as Federal Public Service Commission (FPSC) chairman....

Published 10 Oct, 2024 03:03am

Action will be taken against PTM’s ‘facilitators’: Naqvi

ISLAMABAD: Interior Minister Mohsin Naqvi on Wednesday said the government will not permit the outlawed Pashtun...

Published 10 Oct, 2024 03:03am

NA, Senate sessions likely next week

ISLAMABAD: After failing to pass “Constitutional Package” last month due to lack of the required number, the...

Published 10 Oct, 2024 03:03am

PM asks FBR, others to deal with smuggling challenge effectively

ISLAMABAD: In a decisive move to intensify the government’s ongoing anti-smuggling campaign, Prime Minister...

Published 10 Oct, 2024 03:03am

Pakistan seeks UNICEF help in vaccine manufacturing amid rapid rise in polio cases

ISLAMABAD: Following the recent rapid increase in polio cases, the government of Pakistan has sought the cooperation...

Published 10 Oct, 2024 03:03am

The Weather

KARACHI: The weather report on Wednesday (October 09, 2024) and the forecast for Thursday (October 10, 2024)...

Published 10 Oct, 2024 03:03am

Rates

Index ticks up

KARACHI: A bullish trend continued as Pakistan Stock Exchange on Wednesday hit new highest-ever level, however ...

Published 10 Oct, 2024 03:03am

Veteran politician Elahi Bux Soomro passes away

KARACHI: Elahi Bux Soomro, a former Spea-ker of the National Assembly and one of Pakistan’s most senior...

Published 10 Oct, 2024 03:03am

Maryam calls for diplomacy with India to tackle smog

ISLAMABAD: The chief minister of Punjab Maryam Nawaz called for “climate diplomacy” with neighbour and ...

Published 10 Oct, 2024 03:03am

KP cabinet approves amendments, projects and reforms

PESHAWAR: The provincial cabinet of Khyber Pakhtunkhwa has taken significant decisions during its 15th session held...

Published 10 Oct, 2024 03:03am

Infant food safety: challenges

After the 18th amendment in the Constitution of 1973, food authorities emerged in the provinces to regulate food...

Updated 10 Oct, 2024 03:33am

The PTI versus Yellow Vest protests of France

During my tenure as Press Minister in France, I witnessed firsthand the chaos of the Yellow Vest movement, which...

Updated 10 Oct, 2024 03:30am

Stocks

Wall Street rises, inflation data in focus

NEW YORK: The main stock indexes turned higher in a choppy trading session on Wednesday as investors awaited the...

Published 10 Oct, 2024 03:03am

Stocks

STOXX 600 closes higher with focus on interest rate cuts

PARIS: European stocks settled higher on Wednesday, bouncing from losses in the previous session as investors...

Published 10 Oct, 2024 03:03am

Stocks

China’s share rally as investors await more stimulus

SHANGHAI: Chinese stocks tumbled on Wednesday alongside their Hong Kong peers, as investors booked profits after a...

Published 10 Oct, 2024 03:03am

Stocks

Nikkei gains on tech, China boosts

TOKYO: Japan’s Nikkei share average rose on Wednesday, as tech stocks tracked their US peers higher and renewed...

Published 10 Oct, 2024 03:03am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 111,224 tonnes of cargo comprising 59,581 tonnes of import cargo and 51,643 tonnes...

Published 10 Oct, 2024 03:03am

PARTLY FACETIOUS: PTI protesters hiding in hospitals?

“The case of the disappearance of Gandapur.” “Indeed, the way the airwaves are focused on his disappearance...

Published 10 Oct, 2024 03:03am

Rates

LME official prices

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

Published 10 Oct, 2024 03:03am

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 10 Oct, 2024 03:03am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (October 09, 2024). ========================== KIBOR...

Published 10 Oct, 2024 03:03am

Forex

Open market rates of foreign currencies

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

Published 10 Oct, 2024 03:03am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (October 09, 2024). ======================== Open Bid Rs...

Published 10 Oct, 2024 03:03am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (October 09, 2024)....

Published 10 Oct, 2024 03:03am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 09, 2024)....

Published 10 Oct, 2024 03:03am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 09, 2024)...

Published 10 Oct, 2024 03:03am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (October 09, 2024). ======================================= Offset...

Published 10 Oct, 2024 03:03am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (October 09, 2024). ==================================== BR...

Published 10 Oct, 2024 03:03am

Refined POL items and solar power: Chinese team to explore deals with PD today

ISLAMABAD: A Chinese delegation China Asia Economic Development Association (CAEDA) is to hold meeting with Ministry...

Published 10 Oct, 2024 03:03am

ADB EDs assure support to structural reforms, stabilise economy

ISLAMABAD: Asian Development Bank (ADB) Executive Directors assured continuous support to Pakistan on government’s...

Published 10 Oct, 2024 03:03am

RMB, FDI, export-oriented enterprises: GFZ may be granted exemption to initiate pilot project

ISLAMABAD: The government is likely to exempt Gwadar Free Zone (GFZ) from Import and Export Order and Foreign...

Published 10 Oct, 2024 03:03am

Reform agenda, structural benchmarks: Govt reaffirms its commitment

ISLAMABAD: Federal Minister for Finance and Revenue, Muhammad Aurangzeb has reaffirmed the government’s commitment...

Published 10 Oct, 2024 03:03am

ISMO: CCoE approves proposal by power division

ISLAMABAD: The Cabinet Committee on Energy (CCoE), headed by the Prime Minister, has approved the along-awaited...

Published 10 Oct, 2024 03:03am

SBP regulatory affairs: Finance minister says MoF shouldn’t intervene

ISLAMABAD: Finance Minister Muhammad Aurangzeb said, Wednesday, that the Ministry of Finance should not intervene...

Published 10 Oct, 2024 03:03am

FBR collects Rs647m as POS services fee since July ’23

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 647 million under the head of point-of-sales (POS)...

Published 10 Oct, 2024 03:03am

Seeking assistance, apex court wonders whether it can retain ‘dam fund’ money

ISLAMABAD: The Supreme Court directed the federal government and the Wapda to assist, can it retain money collected...

Published 10 Oct, 2024 03:03am

Ginners’ body, PPMA discuss issues with minister

ISLAMABAD: Federal Minister for Commerce, Jam Kamal Khan has held discussions with Pakistan Ginners Association and...

Published 10 Oct, 2024 03:03am

KSA investment minister arrives

ISLAMABAD: Minister for Investment of Kingdom of Saudi Arabia Sheikh Khalid Bin Abdul Aziz Al Faleh arrived in...

Published 10 Oct, 2024 03:03am

IT exporters eye Singapore market

KARACHI: Pakistani IT companies exporting IT and IT-enabled services are exploring their potential in Singapore’s...

Published 10 Oct, 2024 03:03am

‘The looming Iran-Israel war’

This is apropos a letter to the Editor by this writer carried by the newspaper yesterday. I would like to add to ...

Published 10 Oct, 2024 03:03am

Commodities

Gold prices decline in local market

KARACHI: The local gold prices slumped on Wednesday, reflecting a sharp fall in the global bullion value hovering...

Published 10 Oct, 2024 03:03am

Commodities

Japan rubber futures recover on global weather concerns

SINGAPORE: Japanese rubber futures regained their footing on Wednesday, buoyed by concerns of wet weather disrupting...

Published 10 Oct, 2024 03:03am

Commodities

Palm oil falls ahead of Malaysia’s supply-demand report

KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday, reversing earlier gains, as market participants awaited...

Published 10 Oct, 2024 03:03am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 41.843 billion...

Published 10 Oct, 2024 03:03am

Energy

Oil falls as swelling US supply counters ME and hurricane risks

NEW YORK: Oil fell by more than $1 a barrel on Wednesday on rising US crude inventories, while the risk of supply...

Published 10 Oct, 2024 03:03am

Commodities

Gold eases for sixth session as dollar marches upward

NEW YORK: Gold retreated for the sixth straight day on Wednesday on an advancing dollar and diminished expectations...

Published 10 Oct, 2024 03:03am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (October 09, 2024)...

Published 10 Oct, 2024 03:03am

Cotton & Textile

Spot rate decreases by Rs500 to Rs17,700 per maund

LAHORE: The Spot Rate Committee of the Karachi Cotton Association on Wednesday decreased the spot rate by Rs500 per...

Published 10 Oct, 2024 03:03am

Q1 remittances up 39pc to record $8.8bn YoY

KARACHI: The country has received highest-ever quarterly workers remittance inflows of $8.8 billion during the first...

Published 10 Oct, 2024 03:03am

Agri tax collection from coming July: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday said that legislation for imposition of tax on...

Published 10 Oct, 2024 03:03am

Companies

Shell: takeover regulations

KARACHI: Shell Pakistan Limited has announced that Wafi Energy Holding Limited (the acquirer) has fulfilled its...

Published 10 Oct, 2024 03:03am

CAP to hold ‘Future of retail business summit & expo’ on 17th

LAHORE: The Chainstore Association of Pakistan has announced to hold 4th ‘Future of retail business summit and...

Published 10 Oct, 2024 03:03am

Industry

KCCI deptts to operate every Friday for full day

KARACHI: To better serve the business & industrial community, the Management of Karachi Chamber of Commerce ...

Published 10 Oct, 2024 03:03am

Taxes

FBR warns officers against non submission of declaration of assets

ISLAMABAD: The Federal Board of Revenue (FBR) has warned that any officer who failed to submit Declaration of Assets...

Published 10 Oct, 2024 03:03am

Taxes

Senate panel briefed ‘Proposed ‘NTA’ to end corruption within FBR’

ISLAMABAD: The proposed National Tax Authority (NTA) - an automated tax agency would end corruption and...

Published 10 Oct, 2024 03:03am

Money & Banking

HBL wins ‘Best Conventional Bank of the Year Excellence Award’

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has awarded HBL the accolade of the...

Published 10 Oct, 2024 03:03am

Companies

PTCL launches Pakistan’s first 800G WDM system in partnership with Huawei

ISLAMABAD: PTCL Group, Pakistan’s top integrated ICT provider, has achieved a major milestone by successfully...

Published 10 Oct, 2024 03:03am

Industry

Exports of Pakistan’s iconic handmade carpets: Motiwala explains criticality of innovation

LAHORE: The Chief Executive of Trade Development Authority of Pakistan (TDAP), Zubair Motiwala has emphasized the...

Published 10 Oct, 2024 03:03am

Industry

Investment from Saudi Arabia will be a game changer: LCCI

LAHORE: The Lahore Chamber of Commerce on Wednesday appreciated the government for paving the way for investment ...

Published 10 Oct, 2024 03:03am

Money & Banking

Dollar edges up to two-month highs

NEW YORK: The US dollar edged higher on Wednesday ahead of the release of records from the Federal Reserve’s...

Published 10 Oct, 2024 03:03am

Money & Banking

Asian currencies eke out gains on muted dollar

BENGALURU: Most emerging Asian currencies gained ground against a muted dollar on Wednesday as investors stood on ...

Published 10 Oct, 2024 03:03am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 10	277.92
USD PKR Interbank Buying / Oct 10	277.72
USD to Japanese Yen / Oct 10	149.18
USD to Swiss Franc / Oct 10	0.86
Pound Sterling to USD / Oct 10	1.31
Euro to USD / Oct 10	1.09

Stock	Volume
S&P 500 / Oct 10	5,792.04
India Sensex / Oct 10	81,467.10
Tokyo Nikkei / Oct 10	39,277.96
Nasdaq / Oct 10	18,291.62
Hang Seng / Oct 10	20,637.24
FTSE 100 / Oct 10	8,243.74
Dow Jones / Oct 10	42,512
Germany DAX 30 / Oct 10	19,254.93

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 9	17,985
Petrol/Litre / Oct 10	247.03
Crude Oil USD/Barrel / Oct 10	73.24
Gold 10 Grams PKR / Oct 10	236,197
Gold Spot USD/Ounce / Oct 10	2,607.77
Diesel/Litre / Oct 10	246.29

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 10 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 10 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 10 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 10 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 10 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 10 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 10 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 10 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 10 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 10 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 10 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 10 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 10 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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