News Archives for Print - 2024-10-11

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Print - 2024-10-11

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 23.135...

Published 11 Oct, 2024 07:26am

Grain

Chicago wheat climbs as dryness affects crops

SINGAPORE: Chicago wheat rose for a fourth consecutive session on Thursday to its highest level in one week, as...

Published 11 Oct, 2024 07:24am

Commodities

Coffee trading in Vietnam remains tepid on tight supply

HANOI/BANDAR LAMPUNG, (Indonesia): Coffee trading activity in Vietnam remained sluggish this week, traders said on...

Published 11 Oct, 2024 07:23am

Commodities

Malaysian palm oil slides on profit-taking

KUALA LUMPUR: Malaysian palm oil futures reversed early gains on Thursday as profit-taking weighed on the market...

Published 11 Oct, 2024 07:20am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 141,004 tonnes of cargo comprising 62,679 tonnes of import cargo and 78,325...

Published 11 Oct, 2024 07:18am

Commodities

Japanese rubber futures decline

SINGAPORE: Rubber futures fell on Thursday, weighed by fading enthusiasm around top consumer China’s stimulus...

Published 11 Oct, 2024 07:16am

Commodities

Dalian iron ore rebounds on fresh China stimulus hopes

SINGAPORE: Dalian iron ore futures prices rebounded on Thursday, buoyed by hopes of more fiscal stimulus from top...

Published 11 Oct, 2024 07:13am

Stocks

Nikkei ends higher on Wall Street’s strength

TOKYO: Japan’s Nikkei share average ended higher on Thursday, tracking a strong finish on Wall Street overnight,...

Published 11 Oct, 2024 07:12am

Stocks

Most Gulf bourses end subdued on regional tensions

DUBAI: Most stock markets in the Gulf closed in a subdued mood on Thursday against the backdrop of simmering...

Published 11 Oct, 2024 07:03am

Money & Banking

China’s yuan inches higher

SHANGHAI: China’s yuan inched higher against the dollar on Thursday, as the central bank’s latest move to prop ...

Published 11 Oct, 2024 06:58am

Stocks

Wall Street falls after inflation data

NEW YORK: Wall Street opened lower on Thursday as hotter-than-expected September inflation data reinforced...

Published 11 Oct, 2024 06:56am

Money & Banking

Dollar edges down against yen

NEW YORK: The US dollar edged lower against the yen on Thursday after data showed signs of labor market weakness and...

Published 11 Oct, 2024 06:52am

Iran’s oil sites: Arab states urge US to stop Israel from attacking

DUBAI: Gulf states are lobbying Washington to stop Israel from attacking Iran’s oil sites because they are...

Published 11 Oct, 2024 06:30am

China to work with Pakistan to protect Chinese personnel

BEIJING: China said on Thursday it would work with Pakistan to protect the safety and security of Chinese personnel,...

Published 11 Oct, 2024 06:30am

Zardari visits China’s embassy to offer condolence

ISLAMABAD: President Asif Ali Zardari on Thursday visited the Embassy of the People’s Republic of China and ...

Published 11 Oct, 2024 06:30am

ATC again extends physical remand of IK’s sisters

ISLAMABAD: The Anti-Terrorism Court (ATC), on Thursday, again extended the physical remand of Pakistan...

Published 11 Oct, 2024 06:30am

Gandapur hosts successful ‘grand jirga’ at CM’s House

PESHAWAR: Chief Minister Khyber Pakhtunkhwa Ali Amin Khan Gandapur, on Thursday hosted a Grand Jirga at Chief...

Published 11 Oct, 2024 06:30am

World Mental Health Day: Digital fatigue linked to increased exposure to cyber risks

ISLAMABAD: While observing World Mental Health Day on October 10, a global cybersecurity company Kaspersky has ...

Published 11 Oct, 2024 06:30am

Customs seizes Iranian skimmed milk powder

KARACHI: The Collectorate of Customs Enforcement Karachi has seized a large quantity of smuggled Iranian skimmed ...

Published 11 Oct, 2024 06:30am

Heatwave likely to continue today

KARACHI: Gusty winds howled through several parts of the city, bringing a brief rainy spell on Thursday evening ...

Published 11 Oct, 2024 06:30am

Breast cancer patients: Bank Alfalah partners with Cancer Foundation Hospital

KARACHI: Bank Alfalah has partnered with Cancer Foundation Hospital to provide life-saving treatment to women...

Published 11 Oct, 2024 06:30am

Punjab to establish dumping sites at tehsil level

LAHORE: Punjab Local Government Minister Zeeshan Rafiq has ordered the officials concerned to establish waste...

Published 11 Oct, 2024 06:30am

Foreign policy expert says no normalisation of Pakistan-India ties without continued formal dialogue

Foreign policy expert Michael Kugelman stressed that Islamabad and New Delhi would need to start and then continue a...

Updated 11 Oct, 2024 01:43pm

Agriculture and Allied

Maryam to launch activation of ‘Kissan Card’ on 15th

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif will formally launch the activation of the “Kissan Card” on...

Published 11 Oct, 2024 06:30am

Honahar Scholarship programme: Punjab govt providing scholarships to 30,000 students: minister

FAISALABAD: Punjab Higher Education Minister Rana Sikandar Hayat has said that the provincial government is ...

Published 11 Oct, 2024 06:30am

South Asia

Ratan Tata gets state funeral as India bids farewell to business tycoon

NEW DELHI: India bade farewell on Thursday to one of its most respected corporate leaders - Ratan Tata, who expanded...

Published 11 Oct, 2024 06:30am

Middle East

Israeli airstrike kills 28 people sheltering in Gaza school

CAIRO: An Israeli airstrike on a school sheltering displaced people in central Gaza killed at least 28 people...

Published 11 Oct, 2024 06:30am

USA

Obama hits campaign trail for Harris

WASHINGTON: Former US president Barack Obama will bring his star power to Kamala Harris’s election campaign...

Published 11 Oct, 2024 06:30am

Asia

Indonesia arrests man wanted for alleged $14.1bn China fraud

JAKARTA: Indonesian authorities said on Thursday they had detained a man wanted in China over allegations he helped...

Published 11 Oct, 2024 06:30am

South Asia

Congress party complains to election body over outcome of Haryana poll

NEW DELHI: India’s main opposition Congress party has complained to the election panel about concerns regarding ...

Published 11 Oct, 2024 06:30am

Presidential Reference and PTI, others’ pleas: Apex court assails majority judgement

ISLAMABAD: The Supreme Court Thursday said the majority judgment on Presidential Reference and the Pakistan...

Published 11 Oct, 2024 06:30am

Bilawal, Nawaz discuss proposed amendments

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari arrived at Punjab House on Thursday and met...

Updated 11 Oct, 2024 08:05am

Asia

Philippines confronts China over South China Sea at ASEAN meet

VIENTIANE: Philippine President Ferdinand Marcos challenged Chinese Premier Li Qiang over recent clashes in the ...

Published 11 Oct, 2024 06:30am

The Weather

KARACHI: The weather report on Thursday (October 10, 2024) and the forecast for Friday (October 11, 2024)...

Published 11 Oct, 2024 06:30am

Regional cooperation: SCO summit to play key role: Minister

ISLAMABAD: Federal Minister for Information, Broadcasting, National Heritage and Culture Attaullah Tarar emphasised...

Published 11 Oct, 2024 06:30am

Constitutional package: Coalition leaders meets with JUI-F chief

ISLAMABAD: Ditched by no one but his own “trusted aides” after February 2024 general elections, the chief of...

Published 11 Oct, 2024 06:30am

Rates

Bears emerge winners

KARACHI: Pakistan Stock Exchange on Thursday witnessed a mixed trend and after moving in both directions, closed on...

Published 11 Oct, 2024 06:30am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (October 10, 2024)...

Published 11 Oct, 2024 06:30am

Cotton & Textile

Firm trend on cotton market

LAHORE: The local cotton market on Thursday remained steady and the trading volume remained satisfactory. Cotton...

Published 11 Oct, 2024 06:30am

Commodities

Gold prices extends gains

NEW YORK: Gold prices extended gains on Thursday after traders added to bets that the Federal Reserve will deliver ...

Published 11 Oct, 2024 06:30am

SCO Summit: FO advises diplomats to limit movement

ISLAMABAD, Oct 10: The Foreign Office advised all the diplomats on Thursday to limit their movement during the...

Published 11 Oct, 2024 06:30am

32 poliovirus cases reported in country

ISLAMABAD: A forum, Thursday, was informed that out of 32 poliovirus cases reported in the country, over 78 percent...

Published 11 Oct, 2024 06:30am

PARTLY FACETIOUS: ‘Let’s plead with the Powers That Be: give talks a chance…’

“Two press conferences, and there was many a similarity.” “Well you know the life-long party heads brook no...

Published 11 Oct, 2024 06:30am

True riba-free Islamic banking

The motivation to provide interest- (riba) free financial services is derived from the desire of Muslim communities...

Updated 11 Oct, 2024 08:20am

From ‘Doing Business’ report to ‘B-Ready’ report: some reflections

In a statement released on September 16, 2021, World Bank Group (WBG) indicated discontinuation of its ‘Doing...

Updated 11 Oct, 2024 06:40pm

Letters

Israel’s ultimate target – Iran

On the fateful day of October 7, 2023, Hamas launched an attack on Israel, killing many of its soldiers and ...

Published 11 Oct, 2024 06:30am

Commodities

Gold prices on decline

KARACHI: The local gold prices further declined on Thursday with global bullion value inching close to $2600 per...

Published 11 Oct, 2024 06:30am

Lifeline of Balochistan

Balochistan’s economy in general and that of the bordering towns in particular is highly dependent on cross-border...

Updated 11 Oct, 2024 08:26am

Need for strengthening API sector

The pharmaceutical industry in Pakistan, predominantly led by national companies, is experiencing rapid growth and...

Updated 11 Oct, 2024 08:28am

Rates

LME official prices

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

Published 11 Oct, 2024 06:30am

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 11 Oct, 2024 06:30am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (October 10, 2024). ========================== KIBOR...

Published 11 Oct, 2024 06:30am

Forex

Open market rates of foreign currencies

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

Published 11 Oct, 2024 06:30am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (October 10, 2024). ======================== Open Bid...

Published 11 Oct, 2024 06:30am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (October 10, 2024)....

Published 11 Oct, 2024 06:30am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 10, 2024)....

Published 11 Oct, 2024 06:30am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (October 10, 2024)...

Published 11 Oct, 2024 06:30am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (October 10, 2024). ======================================= Offset...

Published 11 Oct, 2024 06:30am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (October 10, 2024). ==================================== BR...

Published 11 Oct, 2024 06:30am

Pak-Saudi business forum 2024: Minister gives overview of investment opportunities

ISLAMABAD: Federal Minister for Petroleum Dr Musadik Malik addressing the Pak-Saudi business forum 2024 gave an...

Published 11 Oct, 2024 06:30am

CAEDA wants to establish ‘Pakistan Zero-Tariff Trade Zone’

ISLAMABAD: The China Asia Economic Development Association (CAEDA) wants to establish "Pakistan Zero-Tariff Trade...

Published 11 Oct, 2024 06:30am

IMF official supports reforms in public sector

Says Pakistan has managed to revive economic and financial stability over the past fiscal year

Updated 11 Oct, 2024 02:27pm

Awais praises army chief’s supportive role

ISLAMABAD: Minister for Power, Sardar Awais Ahmad Khan Leghari, on Thursday expressed gratitude to Army Chief...

Updated 11 Oct, 2024 02:24pm

Govt ends deals with five private IPPs

KARACHI: Government has ended power purchase contracts with five private companies, including one with the country’s...

Updated 11 Oct, 2024 09:12am

Accelerated expiry: Hubco initiates negotiated settlement pact

KARACHI: Hub Power Company (Hubco), in the greater national interest, has initiated a negotiated settlement...

Updated 11 Oct, 2024 02:24pm

Non-filers, CFOs of wealthy units: Pay taxes, avoid input adjustment misuse, says Aurangzeb

ISLAMABAD: The government has warned non-filers and Chief Financial Officers (CFOs) of wealthy manufacturing units...

Updated 11 Oct, 2024 09:17am

Saudi team meets army chief

ISLAMABAD: Chief of Army Staff (COAS) General Asim Munir, on Thursday, assured a visiting Saudi delegation of...

Updated 11 Oct, 2024 09:15am

Pakistan, Saudi Arabia sign MoUs worth $2.2bn

ISLAMABAD: Pakistan and Saudi Arabia on Thursday signed 27 Memorandum of Understandings (MoUs) valuing US $2.2...

Updated 11 Oct, 2024 09:14am

Pakistan, KSA vow to enhance cooperation in multiple sectors

ISLAMABAD: Pakistan and Saudi Arabia vowed to enhance cooperation in economic activates, trade, agriculture, mining...

Updated 11 Oct, 2024 08:52am

Reko Diq mines: Manara Minerals set to buy a stake: Al-Falih

ISLAMABAD: Minister for Investment of Kingdom of Saudi Arabia, Sheikh Khalid Bin Abdul Aziz Al-Falih, Thursday,...

Updated 11 Oct, 2024 09:13am

Forex reserves hit 2-year high of $16bn

KARACHI: Pakistan’s liquid foreign exchange reserves rose significantly, surpassing the $16 billion mark for the...

Updated 11 Oct, 2024 09:19am

Industry

Pakistan’s pharma sector warns 2pc Cess in KP threatens exports to Afghanistan

KARACHI: The recent imposition of 2% cess on exports by the Khyber Pakhtunkhwa (KP) government is raising alarm...

Published 11 Oct, 2024 06:30am

World Bank delegation, CM thoroughly examine $3.1bn Sindh portfolio

KARACHI: Sindh Chief Minister Syed Murad Ali Shah met with a World Bank delegation, headed by Country Director Najy...

Published 11 Oct, 2024 06:30am

High energy prices hitting the poor hardest: World Bank

ISLAMABAD: The World Bank has revealed that high energy prices in Pakistan disproportionately impact the poor, as...

Published 11 Oct, 2024 06:30am

Commodities

Rice prices drop in top hubs as supply surges after Indian export relaxations

BENGALURU/MUMBAI/BANGKOK/HANOI AND BANGLADESH: Rice prices across major Asian hubs declined to their lowest in more...

Published 11 Oct, 2024 06:30am

KSA investment minister, 130 investors attend business conference

ISLAMABAD: Under the leadership of Saudi Arabia’s Investment Minister Sheikh Khalid Bin Abdul Aziz Al Faleh, 130...

Published 11 Oct, 2024 06:30am

MENA

Pakistan’s IT sector is keen to show off potential at GITEX Global 2024 in Dubai

DUBAI: Fresh off record exports in the previous fiscal year, Pakistan’s tech sector is gearing up to make the most...

Updated 11 Oct, 2024 07:44am

Chinese PM’s visit to help brighten country’s economic prospects: LCCI

LAHORE: The Lahore Chamber of Commerce and Industry has expressed the optimism that the Chinese Prime Minister’s...

Published 11 Oct, 2024 06:30am

Han Kang wins South Korea’s first literature Nobel

STOCKHOLM: Author Han Kang on Thursday became the first South Korean to win the Nobel Prize in Literature for her...

Published 11 Oct, 2024 06:30am

Russia calls on BRICS partners to create alternative to IMF

MOSCOW: Russia, which chairs the BRICS group this year, has called on its partners to create an alternative to the...

Published 11 Oct, 2024 06:30am

Establishing fiscal discipline

EDITORIAL: In a landmark move, the federal and four provincial governments have agreed on a National Fiscal Pact...

Published 11 Oct, 2024 06:30am

Major setback for BJP in IIOJ&K

EDITORIAL: The just concluded elections in the illegally Indian Occupied Jammu and Kashmir (IIOJ&K) have turned...

Updated 11 Oct, 2024 08:10am

Over 7 times the value: Importer accused of selling gears to defence facility

KARACHI: A Karachi-based importer allegedly sold imported mechanical equipment to one of the defense manufacturing...

Published 11 Oct, 2024 06:30am

Insurance companies: SECP proposes increase in minimum paid-up capital requirement

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed to increase the minimum paid-up...

Published 11 Oct, 2024 06:30am

Immovable properties: FBR may issue enhanced values today

ISLAMABAD: The Federal Board of Revenue (FBR) will considerably increase values of immovable properties up to 75...

Published 11 Oct, 2024 06:30am

RDA fetches $8.75bn gross inflows till Sept

KARACHI: Gross inflows of Roshan Digital Accounts reached $8.75 billion at the end of September 2024 since its...

Published 11 Oct, 2024 06:30am

Agritech Ltd: NBP approves sale of entire shareholding

KARACHI: The National Bank of Pakistan (NBP) has approved the sale of its entire shareholding in Agritech Limited,...

Published 11 Oct, 2024 06:30am

Companies

Waqar Siddiqui decides to resign from position as Shell Pakistan CEO

KARACHI: Waqar I Siddiqui, the Chief Executive Officer of Shell Pakistan Limited has announced his intention to step...

Published 11 Oct, 2024 06:30am

Industry

Faisal Ahmad elected PSMA (Centre) chairman

LAHORE: Pakistan Sugar Mills Association (Central) on Thursday elected Faisal Ahmed Mukhtar as its chairman for the...

Published 11 Oct, 2024 06:30am

Companies

Unilever exits Russia with sale of all assets to local company

LONDON: Unilever has sold its Russian business to Arnest Group, it said on Thursday, becoming the latest...

Published 11 Oct, 2024 06:30am

Money & Banking

Most Asian currencies subdued

BENGALURU: Most Asian stock markets rose on Thursday, buoyed by hopes that China will soon disclose details of its...

Updated 11 Oct, 2024 06:56am

European stocks end lower after US inflation data

PAARIS: European shares closed lower on Thursday, with defence and industrial stocks leading losses, after data...

Updated 11 Oct, 2024 06:57am

Stocks

China, HK stocks close higher after PBOC begins swap programme

SHANGHAI: China and Hong Kong shares ended higher on Thursday after the People’s Bank of China kicked off a swap...

Updated 11 Oct, 2024 06:58am

Energy

US natural gas prices lower

NEW YORK: US natural gas futures fell about 2% to a two-week low on Thursday on forecasts for lower demand next week...

Updated 11 Oct, 2024 07:15am

Commodities

Copper extends losses on firm dollar, China worries

LONDON: Copper prices dipped on Thursday, weighed down by a strong dollar and uncertainty over how much more ...

Updated 11 Oct, 2024 07:17am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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