News Archives for Print - 2024-10-21

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Print - 2024-10-21

PML-Nazaryati to stage sit-in on Nov 2

QUETTA: Pakistan Muslim League-Nazaryati workers on Sunday announced a protest sit-in outside Governor House on...

Published 21 Oct, 2024 08:05am

Birth anniversary of Baba Guru Nanak: Minister sends ‘peace lamp’ to India

LAHORE: In celebration of the 555th birth anniversary of the great Sikh leader, Baba Guru Nanak, a “Peace Lamp”...

Published 21 Oct, 2024 07:56am

Minister announces rewards for best- performing students

KARACHI: Sindh Minister for Education Syed Sardar Ali Shah has announced rewards for students who achieved top...

Published 21 Oct, 2024 07:52am

Cotton & Textile

Weekly Cotton Review: Import on the rise as local production sees a big fall

KARACHI: Cotton production has decreased by 29 lac bales (48.26%) which is an alarming level. Total production is...

Published 21 Oct, 2024 07:49am

Navy ship seizes narcotics at sea

KARACHI: An intelligence-based counter narcotics operation was conducted by Pakistan Navy and ANF in North Arabian...

Published 21 Oct, 2024 07:46am

Companies

Nestle Pakistan selects Publicis Media as media agency partner

KARACHI: Publicis Media has been selected by Nestlé Pakistan to oversee its media strategy in Pakistan, aiming to...

Published 21 Oct, 2024 07:43am

Balochistan minority MPA passes away

QUETTA: Patrick Saint, a member of the Balochistan Assembly representing the Pakistan Muslim League-Nawaz (PML-N) on...

Published 21 Oct, 2024 07:42am

Senate passes Societies Registration (Amendment) Bill, 2024

ISLAMABAD: The Senate on Sunday passed the Societies Registration (Amendment) Bill, 2024 unanimously, paving way to...

Published 21 Oct, 2024 07:38am

India and Pakistan: Revival of diplomatic engagement could foster regional peace: Iftikhar

LAHORE: South Asian Association for Regional Cooperation (SAARC) Chamber of Commerce and Industry former President...

Published 21 Oct, 2024 07:37am

Six killed after drinking poisonous liquor in Nowshera

ISLAMABAD: Six people were killed, and nine others were in critical condition after consuming poisonous liquor in ...

Published 21 Oct, 2024 07:33am

Students, teachers visit FC Balochistan (South) HQs in Turbat

TURBAT: Students and teachers of Government Girls Degree College Turbat visited headquarters of FC Balochistan...

Published 21 Oct, 2024 07:30am

Companies

Top performers of PTCL’s ‘Ba-Ikhtiyar’ programme attend GITEX 2024 in Dubai

KARACHI: Pakistan’s leading telecommunications and ICT provider, PTCL Group (PTCL & Ufone 4G) showcased its...

Published 21 Oct, 2024 07:18am

Letters

‘Trump’s election: plunging Middle East into a World War Zone’

This is apropos two back-to-back letters to the Editor carried by the newspaper these days. A conflict involving...

Published 21 Oct, 2024 06:54am

Squeezing lemons: the fallout of lazy reforms

The government is resorting to lazy reforms, putting pressure on the known and compliant while ignoring systemic...

Published 21 Oct, 2024 06:44am

Smuggling at Afghan border

EDITORIAL: The 86 percent year-on-year drop in Afghan Transit Trade (ATT) in September shows how much this ...

Published 21 Oct, 2024 06:41am

Domestic debt

EDITORIAL: The federal government has retired over one trillion rupees of domestic debt borrowed for budgetary...

Published 21 Oct, 2024 06:39am

Movies & Music

World Culture Festival continues with mega music concert

KARACHI: The 24th day of the 38-day “World Culture Festival Karachi 2024,” organized by the Arts Council of...

Published 21 Oct, 2024 06:37am

26th constitutional amendment: Gilani congratulates nation on approval

ISLAMABAD, Oct 20 (APP): Chairman Senate Syed Yousaf Raza Gilani on Sunday extended his congratulations to the...

Updated 21 Oct, 2024 09:01am

Middle East

Israel to take legal action against Macron over naval trade show ban

OCCUPIED JERUSALEM: Israeli Foreign Minister Israel Katz said on Sunday he had ordered his ministry to start legal...

Published 21 Oct, 2024 06:04am

The Weather

KARACHI: The weather report on Sunday (October 20, 2024) and the forecast for Monday (October 21, 2024)....

Published 21 Oct, 2024 06:04am

Countrywide anti-polio drive to commence on 25th

ISLAMABAD: A nationwide polio vaccination drive is set to commence on October 25 to immunize over 4.5 million...

Published 21 Oct, 2024 06:04am

Mansoor Ali Shah will be next CJP: Fawad Chaudhry

LAHORE: Former federal minister Fawad Chaudhry claimed that Justice Mansoor Ali Shah would be the next chief justice...

Published 21 Oct, 2024 06:04am

Palestine issue: Mushahid proposes 3-point action plan, urges Erdogan to take lead

ISLAMABAD: Senator Mushahid Hussain Sayed during the global Palestine Conference proposed a 3-point Action Plan, and...

Published 21 Oct, 2024 06:04am

Govt wants to control judiciary: JI chief

LAHORE: Jamaat-e-Islami Chief Hafiz Naeemur Rehman on Sunday mocked the ongoing tussle on the 26th Constitutional...

Published 21 Oct, 2024 06:04am

Metro bus service project in Faisalabad: Workshop held on institutional consultation regarding major component of planning

FAISALABAD: In collaboration with the Punjab government and the Asian Development Bank, a stakeholder workshop was...

Published 21 Oct, 2024 06:04am

IK seeks ‘NRO’ in exchange for amendments: Azma

LAHORE: Punjab Information Minister Azma Bokhari has said that a consensus on constitutional amendments is good but...

Published 21 Oct, 2024 06:04am

US values ties with both Pakistan, India: Mathew Miller

WASHINGTON: US State Department spokesperson Matthew Miller stated that the United States valued its relationships...

Published 21 Oct, 2024 06:04am

CM orders setting up of 3 new bodies

LAHORE: Punjab government has decided to establish three provincial authorities for Punjab Development, Water &...

Published 21 Oct, 2024 06:04am

Middle East

Carnage of Israeli air strike adds to misery in north Gaza

BEIT LAHIA: With their dead relatives wrapped in white burial shrouds, families in northern Gaza mourned their loved...

Published 21 Oct, 2024 06:04am

Europe

Thousands protest in Spain’s Canary Islands against mass tourism

MASPALOMAS, (Spain): Thousands of flag-waving demonstrators hit the streets across Spain’s Canary Islands on ...

Published 21 Oct, 2024 06:04am

Middle East

Oil-rich Iraqi Kurdistan votes, shadowed by economic struggles

ARBIL, (Iraq): Iraq’s autonomous Kurdistan region voted on Sunday to elect a new parliament for the oil-rich...

Published 21 Oct, 2024 06:04am

South Asia

Floods destroy 1.1m tons of rice in BD

DHAKA: Floods in Bangladesh have destroyed an estimated 1.1 million metric tons of rice, according to data from the...

Published 21 Oct, 2024 06:04am

US, Iran in ‘tug of war’ over Lebanon: analysts

BEIRUT: With Iran-backed Hezbollah on the defensive after a series of heavy Israeli blows, the United States and ...

Published 21 Oct, 2024 06:04am

Rates

Stocks witness mixed trend

KARACHI: Pakistan Stock Exchange witnessed mixed trend during the outgoing week ended on October 18, 2024 and after...

Published 21 Oct, 2024 06:04am

KE says not interested in Thar Block-II project sans its inclusion in IGCEP

ISLAMABAD: K-Electric (KE) has reportedly shown unwillingness to take ahead the 300-MW Mine Mouth coal-fired project...

Updated 21 Oct, 2024 08:54am

Pak-UAE JMC meeting today to consider widening ties

ISLAMABAD: United Arab Emirates (UAE) and Pakistan are all set to consider different proposals for future...

Updated 21 Oct, 2024 03:24pm

Rates

Futures spread up 312bps

KARACHI: The futures spread increased by 312bps to 18.50 percent on the last day of the outgoing week. Trading...

Published 21 Oct, 2024 06:04am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday October 20, 2024

Published 21 Oct, 2024 06:04am

Net metering: Balancing the scales—III

One frequent option often advocated to address the issue of growing power rates for all consumers, particularly...

Updated 21 Oct, 2024 08:36am

PIDE’s vision for reforming agricultural markets

The agriculture sector is a cornerstone of Pakistan’s economy, yet it faces several challenges that hinder its...

Updated 21 Oct, 2024 06:57am

Commodities

Prices of essential food items remain high

PESHAWAR: Prices of essential food commodities like live chicken/meat, vegetables, fruits, flour, sugar and cooking...

Published 21 Oct, 2024 06:04am

Punjab decides to restore private college registration

LAHORE: The Punjab government has decided to restore the registration of a private college campus. According to...

Published 21 Oct, 2024 06:04am

Stocks

Indian shares rebound after 3-day slump

BENGALURU: Indian shares snapped a three-day losing streak on Friday as gains in Axis Bank lifted heavyweight...

Published 21 Oct, 2024 06:04am

Stocks

Most Gulf markets slip on regional tensions

DUBAI: Most stock markets in the Gulf ended lower on Sunday, dragged down by escalating conflict in the region and...

Published 21 Oct, 2024 06:04am

Stocks

FTSE 100 dips but logs weekly gain on rate cut bets

LONDON: The UK’s FTSE 100 ended lower on Friday, weighed down by British American Tobacco following its settlement...

Published 21 Oct, 2024 06:04am

Stocks

Australia shares end lower as China’s property woes drag miners

SYDNEY: Australian shares fell on Friday, slipping from their record close a day earlier, as lacklustre stimulus ...

Published 21 Oct, 2024 06:04am

Rates

Largely stable

KARACHI: Rupee remained largely stable against the US dollar in the inter-bank market during the previous week. The...

Published 21 Oct, 2024 06:04am

Illegal housing schemes: PRA Tribunal takes judicial notice

ISLAMABAD: Punjab Revenue Authority (PRA) Tribunal has taken judicial notice of illegal housing schemes being...

Updated 21 Oct, 2024 09:18am

PMA concerned over increase in polio cases

KARACHI: Pakistan Medical Association (PMA) has said that there has been an increase in polio cases and it is...

Updated 21 Oct, 2024 09:19am

Senate passes 26th constitutional amendment bill

ISLAMABAD: The mystery surrounding the much-hyped yet highly controversial constitutional package for superior...

Updated 21 Oct, 2024 08:57am

NA session continues

ISLAMABAD: After the Senate passed the 26th Constitution Amendment Bill 2024 with a two-thirds majority on Sunday...

Published 21 Oct, 2024 06:04am

Cabinet approves proposed draft

ISLAMABAD: The federal cabinet on Sunday approved proposed draft of the 26th Constitutional Amendment Bill, 2024...

Updated 21 Oct, 2024 08:59am

Between FY16 and FY23: fiscal support to SOEs escalates to Rs5.7trn, says SBP

KARACHI: State-owned Enterprises (SOEs) in Pakistan are posing a significant challenge to the economy, having...

Updated 22 Oct, 2024 04:41pm

Income Tax Ordinance: FBR drafting new law to end categories of ‘late-filers’, ‘non-filers’

ISLAMABAD: The Federal Board of Revenue (FBR) is drafting a new law to end the categories of “late-filers” and...

Updated 21 Oct, 2024 03:24pm

Stocks

Wall Street Week Ahead: Wall Street zeroes in on semiconductors after turbulent week

NEW YORK: US semiconductor companies will get a closer look from investors in coming weeks, after diverging reports...

Published 21 Oct, 2024 06:04am

Money & Banking

China’s yuan firmer against dollar

SHANGHAI: China’s yuan firmed on Friday against the US dollar after the country’s central bank kicked off two...

Published 21 Oct, 2024 06:04am

MENA

UAE visa rejections, hosting GITEX in Pakistan: ambassador Faisal Tirmizi breaks it down

DUBAI: Ambassador to the UAE Faisal Niaz Tirmizi did not mince words as he acknowledged the recent ‘visa situation’...

Updated 21 Oct, 2024 01:26pm

MENA

Expand North Star in Dubai: from prosthetic limbs to drones for disaster relief, startups seek to address Pakistan’s challenges

DUBAI: Pakistan is a country grappling with a range of systemic challenges—be it healthcare, city management,...

Published 21 Oct, 2024 06:04am

KP govt to disburse interest-free loans to livestock farmers

PESHAWAR: The KP government will provide interest-free credit to livestock farmers and cattle herders to promote...

Published 21 Oct, 2024 06:04am

KP govt decides to establish trade corridor at Torkham

PESHAWAR: The KP government has decided to establish trade corridor at Torkham to facilitate and streamline trade...

Published 21 Oct, 2024 06:04am

Business community demands withdrawal of 2pc cess on exports from KP

PESHAWAR: Businessmen have called the imposition of 2 percent cess on export from Khyber Pakhtunkhwa as unjust step...

Published 21 Oct, 2024 06:04am

Industry

PCMEA says Torkham border issues affecting businesses

LAHORE: The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has appealed to the government to ...

Published 21 Oct, 2024 06:04am

Iranian CG advocates boost in economic, trade ties

PESHAWAR: Consul General of Iran in Peshawar Ali Banafshekhah stressed the need for strengthening economic and trade...

Published 21 Oct, 2024 06:04am

World Bank unlocks another $30bn by tweaking balance sheet

WASHINGTON: The World Bank approved changes to its lending practices on Tuesday which will unlock an additional $30...

Published 21 Oct, 2024 06:04am

Money & Banking

Canadian dollar steady

TORONTO: The Canadian dollar steadied against its US counterpart on Friday but was on track for its third straight...

Published 21 Oct, 2024 06:04am

Money & Banking

Russian rouble slips against dollar and yuan

MOSCOW: The rouble weakened slightly against the US dollar and the Chinese yuan, continuing an eight-week weakening...

Published 21 Oct, 2024 06:04am

3 NTDC projects: World Bank, ADB and IsDB willing to finance

ISLAMABAD: The World Bank (WB), Asian Development Bank (ADB) and Islamic Development Bank (IsDB) have reportedly...

Updated 21 Oct, 2024 03:24pm

PBS to host first-ever Data Fest-2024 today

Statistics

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 6	281.43
USD PKR Interbank Buying / May 6	281.23
USD to Japanese Yen / May 6	143.80
USD to Swiss Franc / May 6	0.82
Pound Sterling to USD / May 6	1.33
Euro to USD / May 6	1.13
UK LIBOR % / May 2	4.96

Stock	Volume
S&P 500 / May 5	5,650.38
Tokyo Nikkei / May 5	36,830.69
Nasdaq / May 5	17,844.24
Dow Jones / May 5	41,218.83
India Sensex / May 6	80,548.72
Hang Seng / May 6	22,677.57
FTSE 100 / May 6	8,609.62
Germany DAX 30 / May 6	23,276.83
France CAC40 / May 6	7,711.31

Item	Value
Karachi Cotton PKR/37.32 KG / May 5	16,985
Gold 10 Grams PKR / May 5	300,068
Petrol/Litre / May 6	252.63
Crude Oil USD/Barrel / May 6	57.98
Gold Spot USD/Ounce / May 6	3,361.22
Diesel/Litre / May 6	256.64
Cotton US¢/pound / May 6	68.15

Gainers
Losers
Leaders

Stock	Price
Invest Bank / May 6 Invest Capital Investment Bank Limited(ICIBL)	1.51 ▲ 0.21 (16.15%)
First Fid. Leasing / May 6 First Fidelity Leasing Modaraba(FFLM)	2.34 ▲ 0.3 (14.71%)
UDL International / May 6 UDL International Limited(UDLI)	7.94 ▲ 0.94 (13.43%)
Aruj Industries / May 6 Aruj Industries Limited(ARUJ)	8.78 ▲ 1 (12.85%)
Pak Gen.Ins. / May 6 The Pakistan General Insurance Co. Ltd.(PKGI)	9.85 ▲ 0.99 (11.17%)
Dewan Mushtaq / May 6 Dewan Mushtaq Textile Mills Limited(DMTM)	9.96 ▲ 1 (11.16%)
F.Credit & Inv / May 6 First Credit and Investment Bank Limited(FCIBL)	8.75 ▲ 0.86 (10.9%)
First Elite Cap.Mod / May 6 First Elite Capital Modaraba(FECM)	16.89 ▲ 1.54 (10.03%)
Power Cem(Pref) / May 6 Power Cement (Pref)(POWERPS)	16.80 ▲ 1.53 (10.02%)
AKD Securities / May 6 AKD Securities Limited(AKDSL)	20 ▲ 1.82 (10.01%)

Stock	Price
Reliance Ins. / May 6 Reliance Insurance Company Limited(RICL)	10.45 ▼ -6.35 (-37.8%)
First AL-Noor Mod. / May 6 First Al-Noor Modaraba(FANM)	2.75 ▼ -0.34 (-11%)
At-Tahur Ltd. / May 6 At-Tahur Limited(PREMA)	58.40 ▼ -6.49 (-10%)
Bunnys Limited / May 6 Bunnys Limited(BNL)	28.04 ▼ -3.11 (-9.98%)
Sui South Gas / May 6 Sui Southern Gas Company Limited(SSGC)	36.07 ▼ -3.96 (-9.89%)
Trust Sec.& Brok. / May 6 Trust Securities & Brokerage Limited(TSBL)	11.61 ▼ -1.26 (-9.79%)
Paramount Mod / May 6 First Paramount Modaraba(FPRM)	7.53 ▼ -0.72 (-8.73%)
Leather Up Ltd. / May 6 Leather Up Limited(LEUL)	28.02 ▼ -2.68 (-8.73%)
Parmount Sp. / May 6 Paramount Spinning Mills Limited(PASM)	3.25 ▼ -0.26 (-7.41%)
Dewan Motors / May 6 Dewan Farooque Motors Limited(DFML)	34.68 ▼ -2.65 (-7.1%)

Stock	Volume
Sui South Gas / May 6 Sui Southern Gas Company Limited(SSGC)	54,301,581 ▼ -3.96
K-Electric Ltd. / May 6 K-Electric Limited(KEL)	42,255,642 ▲ 0.23
Dewan Cement / May 6 Dewan Cement Limited(DCL)	26,077,704 ▼ -0.32
Kohinoor Spining / May 6 Kohinoor Spinning Mills Limited(KOSM)	17,427,730 ▲ 0.35
At-Tahur Ltd. / May 6 At-Tahur Limited(PREMA)	16,454,166 ▼ -6.49
Maple Leaf Cement / May 6 Maple Leaf Cement Factory Limited(MLCF)	15,287,180 ▼ -1.45
D.G.K.Cement / May 6 D.G. Khan Cement Company Limited(DGKC)	11,342,091 ▼ -3.11
WorldCall Telecom / May 6 Worldcall Telecom Limited(WTL)	10,592,163 ▼ -0.02
Power Cement / May 6 Power Cement Limited(POWER)	8,849,834 ▼ -0.56
Pak Refinery / May 6 Pakistan Refinery Limited(PRL)	8,732,890 ▲ 0.15

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