News Archives for Print - 2024-10-25

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Print - 2024-10-25

Companies

Some 28 firms honoured at MAP’s CEA ceremony

KARACHI: Some 28 companies were honoured in the Management Association of Pakistan’s (MAP) 39th Corporate...

Published 25 Oct, 2024 08:26am

Ministers inaugurate new bridge on Hub River N-25

ISLAMABAD: Federal Ministers Abdul Aleem Khan and Jam Kamal Khan inaugurated the newly-constructed bridge on Hub...

Published 25 Oct, 2024 08:25am

Sindh PA told: Introduction of sustainable, marketable crops stepped up

KARACHI: Recognizing the global shift towards organic farming, the government has stepped up efforts to introduce...

Published 25 Oct, 2024 08:22am

Terrorism cases: ATC grants 8-day physical remand of Azam Swati

ISLAMABAD: The Anti-Terrorism Court (ATC), on Thursday, granted eight-day physical remand of Pakistan ...

Published 25 Oct, 2024 08:21am

Call to address challenges threatening country’s future

KARACHI: Pakistan is at a critical juncture, facing a perfect storm of sustainability challenges that threaten the...

Published 25 Oct, 2024 08:20am

ECP reserves judgment on transfer of election rigging cases

ISLAMABAD: The Election Commission of Pakistan (ECP), on Thursday, reserved its judgment on petitions seeking the...

Published 25 Oct, 2024 08:17am

Faisalabad Commissioner hears issues of petitioners

FAISALABAD: Commissioner Faisalabad Silwat Saeed heard the issues related to the petitioners from different...

Published 25 Oct, 2024 08:15am

Industry

Hub Chamber demands 4pc reduction in mark-up

KARACHI: Yakoob H Karim, President and the Executive Committee of the Hub Chamber of Commerce and Industry demanded...

Published 25 Oct, 2024 08:13am

Third Belt & Road Ministerial Conference: Leghari, Chinese energy cos hold fruitful discussions

ISLAMABAD: Minister for Power, Sardar Awais Ahmad Khan Leghari held meetings with Yao Huan, Vice-President of Power...

Published 25 Oct, 2024 08:10am

Agriculture and Allied

Global Fertilizer Day: ‘Crop yields can be elevated to global averages’

KARACHI Pakistan’s crop yields can be elevated to global averages through product innovation and the integration ...

Published 25 Oct, 2024 08:07am

Companies

PTCL partners with Systems Ltd at GITEX 2024

KARACHI: Pakistan Telecommunication Company Limited (PTCL) has forged a strategic partnership with Systems Limited, ...

Published 25 Oct, 2024 08:06am

Industry

KCCI urges federal, provincial govts to restore six-day work week

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani has appealed the...

Published 25 Oct, 2024 08:04am

Companies

ARL awarded Best Corporate Excellence Award by MAP

ISLAMABAD: Attock Refinery Limited (ARL) has received the Best Corporate Excellence Award in the refinery sector ...

Published 25 Oct, 2024 08:03am

Companies

100pc shareholding in Telenor, Orion Towers: CCP to address concerns in PTCL’s proposed acquisition

ISLAMABAD: The Competition Commission of Pakistan (CCP) remains committed to addressing concerns in the ongoing ...

Published 25 Oct, 2024 08:02am

Customs agents licensing rules 2001: ‘FBR resolves most of issues’

KARACHI: Saifullah Khan, Chairman All Pakistan Customs Agents Association (APCAA) said that the Federal Board of...

Published 25 Oct, 2024 08:00am

Commodities

Gold prices slip from all-time highs

KARACHI: Gold prices slumped from all-time highs on Thursday, as the global bullion rates declined below $2750 per...

Published 25 Oct, 2024 07:59am

‘Pakistan embarking on process of digital transformation’

ISLAMABAD: Pakistan is embarking on the process of digital transformation, said Minister of State for IT and...

Published 25 Oct, 2024 07:58am

Industry

KATI seeks cut in interest rate immediately

KARACHI: Korangi Association of Trade and Industry (KATI) President Junaid Naqi has urged the State Bank and the...

Published 25 Oct, 2024 07:56am

NAB makes Rs4trn recoveries in six months

ISLAMABAD: The National Accountability Bureau (NAB) has made direct and indirect recoveries of worth Rs 4 trillion...

Published 25 Oct, 2024 07:55am

Industry

NKAATI demands to reduce interest rate by 4pc in MP

KARACHI: Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKAATI), stated that in...

Published 25 Oct, 2024 07:54am

Energy

NTDC installs 4th 250MVA autotransformer at 500 kV grid station

LAHORE: The National Transmission and Despatch Company (NTDC) has successfully energized its fourth 250 MVA...

Published 25 Oct, 2024 07:52am

Industry

‘Dining in the Dark Experience’: OICCI hosts event to unite foreign investors for disability inclusion

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) organised a unique event, the “Dining in...

Published 25 Oct, 2024 07:51am

Pakistanis travelling to Iraq advised

ISLAMABAD: The Ministry of Foreign Affairs has issued a travel advisory urging Pakistani nationals intending to...

Published 25 Oct, 2024 07:50am

Passage of 26th Constitutional Amendment lauded

ISLAMABAD: The Network for Consumer Protection welcomes the passage of the 26th Constitutional Amendment, ...

Published 25 Oct, 2024 07:47am

PFA raids beverages manufacturing unit

LAHORE: The Punjab Food Authority (PFA) raided a beverages manufacturing unit in Jalo and discarded 750 litres of...

Published 25 Oct, 2024 07:40am

Pregnant women, children more vulnerable to smog

LAHORE: In pursuance of the orders of Chief Minister Punjab Maryam Nawaz Sharif, Lahore General Hospital (LGH) has...

Published 25 Oct, 2024 07:39am

Resolution of Kashmir dispute: Speakers question UN credibility

ISLAMABAD: Speakers at a seminar, Thursday, while questioning United Nations (UN) credibility have highlighted the...

Published 25 Oct, 2024 07:34am

SSGC consumers faced with over billing, load shedding: JI

KARACHI: Jamaat-e-Islami Karachi has urged the Sui Southern Gas Company to end overcharging and outages for the...

Published 25 Oct, 2024 07:32am

World Mental Health Day marked: SU establishes first-ever ‘Psychological Wellness, Counseling Cell’

HYDERABAD: The University of Sindh (SU) has taken a significant step in addressing mental health concerns by...

Published 25 Oct, 2024 07:31am

Two Railways police officers dismissed from service

LAHORE: The Inspector General Railways Police has dismissed two officers for being involved in gross negligence of...

Published 25 Oct, 2024 07:29am

Two suicide bombers among 9 terrorists killed in Bajaur IBO

ISLAMABAD: The security forces on the night between October 23 and 24 killed nine “militants”, including two...

Published 25 Oct, 2024 07:27am

Safe digital environment: UNDP team proposes to assist Punjab PA for awareness sessions

LAHORE: A delegation of United Nations Development Programme (UNDP) met Speaker Punjab Assembly Malik Muhammad Ahmad...

Published 25 Oct, 2024 07:24am

The evolution of public procurement with E-PADS

In the world of public procurement, transparency, accountability, and efficiency are keys. In Pakistan, the Public...

Published 25 Oct, 2024 07:12am

The power sector challenges

Due to a significant economic downturn and resentments in public, the government had no choice but to implement...

Published 25 Oct, 2024 07:02am

Letters

Trump’s immigrant xenophobia and US Constitution

In his latest tirade against immigrants in the Denver suburb of Aurora, Colorado, on October 5, 2024, Trump vowed to...

Published 25 Oct, 2024 06:59am

The criticality of cotton cess payment

Cotton is the backbone of Pakistan’s agricultural economy; yet the textile industry’s refusal to pay the cotton...

Published 25 Oct, 2024 06:55am

26th Amendment, new CJP and reforms

The Constitution (Twenty-sixth Amend-ment) Act, 2024 [26th Amendment], passed in utmost haste by the Parliament on...

Published 25 Oct, 2024 06:51am

IPPs: a slippery situation?

EDITORIAL: Negotiations with Independent Power Producers (IPPs) are progressing. Following the termination of...

Published 25 Oct, 2024 06:39am

PARTLY FACETIOUS: We refer to social media as a fake outlet

“So the ongoing summit in Kazan, Russia…” “Is being underplayed and on some Western channels dismissed as a...

Published 25 Oct, 2024 06:29am

Nationwide polio vaccination drive begins today

ISLAMABAD: Health authorities are all set to commence a nationwide polio vaccination drive from October 25 (today),...

Published 25 Oct, 2024 06:28am

COAS witnesses ongoing multinational exercise ‘Indus Shield-2024’

ISLAMABAD: Chief of the Army Staff (COAS) General Syed Asim Munir has visited an operational air base of Pakistan ...

Published 25 Oct, 2024 06:28am

FIR registered against Mengal at Islamabad police station

ISLAMABAD: The city police, on Thursday, registered a terrorism case against Balochistan National Party (BNP) chief...

Published 25 Oct, 2024 06:28am

US, Qatar announce new Gaza talks as Blinken eyes new options

DOHA: The United States and Qatar on Thursday announced a resumption of negotiations on a Gaza ceasefire, as US...

Published 25 Oct, 2024 06:28am

Putin warns against ‘illusory’ attempts to defeat Russia

KAZAN, (Russia): Russian President Vladimir Putin warned on Thursday against “illusory” attempts to defeat ...

Published 25 Oct, 2024 06:28am

Middle East

Gaza rescuers say 770 people killed in Israel assault on north

OCCUPIED JERUSALEM: Gaza’s civil defence agency said Thursday more than 770 people have been killed in the north ...

Published 25 Oct, 2024 06:28am

Asia

China says foreign spies trying to steal space programme secrets

HONG KONG: China’s state security ministry said foreign spy intelligence agencies have been trying to steal ...

Published 25 Oct, 2024 06:28am

USA

US confirms two human bird flu cases in Washington

WASHINGTON: The US Centers for Disease Control and Prevention on Thursday confirmed two of the four presumptive...

Published 25 Oct, 2024 06:28am

Turkey buries attack victims after striking PKK

ANKARA: The first Ankara attack victims were being buried Thursday, just hours after Turkey struck PKK militants in...

Published 25 Oct, 2024 06:28am

Europe

Austrian lawmakers elect first far-right parliament president

VIENNA: Austrian lawmakers on Thursday elected for the first time a far-right politician as parliament president...

Published 25 Oct, 2024 06:28am

The Weather

KARACHI: The weather report on Thursday (October 24, 2024) and the forecast for Friday (October 25, 2024)...

Published 25 Oct, 2024 06:28am

Rates

Bulls rule the roost

KARACHI: Bulls dominate the Pakistan Stock Exchange on Thursday as the market hit historic highest-ever levels on ...

Published 25 Oct, 2024 06:28am

US lawmakers urge Biden to secure IK release

WASHINGTON: More than 60 members of the US House of Representatives have written a letter to President Joe Biden...

Published 25 Oct, 2024 06:28am

US lawmakers’ letter ‘counterproductive’: Pakistan

ISLAMABAD: Foreign Office reaffirmed Pakistan’s quest to join BRICS despite not being invited to its recent summit...

Published 25 Oct, 2024 06:28am

ATC grants bail to two PTI KP MPAs

ISLAMABAD: The Anti-Terrorist Court (ATC), on Thursday, granted bail to two members of Khyber Pakhtunkhwa Assembly,...

Published 25 Oct, 2024 06:28am

Ahsan calls for permanent legislative body for Islamabad

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal emphasised the urgent need...

Published 25 Oct, 2024 06:28am

Breast cancer: USF chief focuses on importance of increasing awareness

ISLAMABAD: Universal Service Fund (USF) Chief Executive Officer (CEO) Chaudhry Mudassar Naveed emphasised the...

Published 25 Oct, 2024 06:28am

Urban Unit unveils ‘Lahore Climate Action Plan’

LAHORE: The Urban Unit, the government of Punjab, launched the Lahore Climate Action Plan (LCAP) during a rapid...

Published 25 Oct, 2024 06:28am

IK’s meeting with lawyers: IHC issues notices to Secretary Interior, AGP

ISLAMABAD: The Islamabad High Court (IHC), Thursday, issued notices to the Secretary Interior, Attorney General for...

Published 25 Oct, 2024 06:28am

Bushra released; Gohar heaps praise on her

ISLAMABAD: The incarcerated Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan’s wife Bushra Bibi was released ...

Published 25 Oct, 2024 06:28am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 180,436 tonnes of cargo comprising 100,152 tonnes of import cargo and 80,436...

Published 25 Oct, 2024 06:28am

Garment training centres to be set up in every tehsil: CM

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif said on Thursday that women of Punjab should be an example of...

Published 25 Oct, 2024 06:28am

Fahd, Chinese envoy discuss cooperation initiatives

ISLAMABAD: Following the successful visit of Chinese Premier Li Qiang to Pakistan, a productive meeting was held...

Published 25 Oct, 2024 06:28am

Stocks

Tesla surge lifts Nasdaq; Dow, S&P 500 falter on earnings

NEW YORK: The Nasdaq jumped on Thursday, driven by Tesla’s positive earnings forecast, which buoyed market...

Published 25 Oct, 2024 06:28am

Stocks

Most Gulf markets ease on regional tensions

DUBAI: Most stock markets in the Gulf were lower on Thursday as simmering geopolitical tensions in the Middle East...

Published 25 Oct, 2024 06:28am

Stocks

European shares end flat as economic woes overshadow upbeat earnings

FRANKFURT: European shares gave up early gains to close little changed on Thursday as investors assessed signs of...

Published 25 Oct, 2024 06:28am

Stocks

China stocks snap four-day winning streak

SHANGHAI: China and Hong Kong stocks ended lower on Thursday, with key mainland gauges snapping their four-day...

Published 25 Oct, 2024 06:28am

Stocks

Nikkei ends marginally higher

TOKYO: Japan’s Nikkei share average ended marginally higher on Thursday, just about ending a three-session losing...

Published 25 Oct, 2024 06:28am

Rates

LME official prices

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

Published 25 Oct, 2024 06:28am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 24, 2024)....

Published 25 Oct, 2024 06:28am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (October 24, 2024). ======================================= Offset...

Published 25 Oct, 2024 06:28am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (October 24, 2024). ==================================== BR...

Published 25 Oct, 2024 06:28am

Duties, taxes on transhipment: Bank guarantees mandatory for Iranian transporters

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for Iranian transport operators/bonded carriers...

Updated 25 Oct, 2024 09:24am

APTMA urges MPC to cut interest rate by 400bps

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has called for a significant reduction in interest...

Updated 25 Oct, 2024 08:57am

Karachi to Sukkur via Hyderabad: Centre, Sindh agree to construct M6 Motorway

KARACHI: Sindh Chief Minister Syed Murad Ali Shah and Federal Minister of Communication Aleem Khan, during their...

Updated 25 Oct, 2024 08:53am

DG I&I Customs enforcement, anti-smuggling functions abolished

ISLAMABAD: The Federal Board of Revenue (FBR) has abolished enforcement functions including anti-smuggling...

Updated 25 Oct, 2024 09:26am

Incidence of GST to go down: Minimum value of 4 steel goods drastically cut

ISLAMABAD: The Federal Board of Revenue (FBR) has drastically cut the minimum value of supply of four...

Updated 25 Oct, 2024 09:25am

‘Fazl tried to make constitutional amendment controversial’: Bilawal gives 26th Amendment passage credit to outgoing CJP

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari said the 26th amendment has become part of...

Updated 25 Oct, 2024 08:56am

Commodities

Japanese rubber futures dip on easing weather concerns

SINGAPORE: Japanese rubber futures extended losses to a second session on Thursday, as investors weighed easing...

Published 25 Oct, 2024 06:28am

Commodities

Gold climbs on safety rush

NEW YORK: Gold prices rose by as much as 1% on Thursday to trade near record highs as safe-haven demand from...

Published 25 Oct, 2024 06:28am

Commodities

Zinc driven to 20-month high

LONDON: Zinc prices in London hit their highest in more than 20 months on Thursday as the key spread on the London...

Published 25 Oct, 2024 06:28am

Energy

US natgas prices climb on cooler weather

NEW YORK: US natural gas futures climbed about 3% to a one-week high on Thursday on forecasts for cooler weather and...

Published 25 Oct, 2024 06:28am

Energy

Oil prices fall on uncertainty

NEW YORK: Oil prices fell by about 1% in volatile trade on Thursday on worries that slow economic growth in Europe...

Published 25 Oct, 2024 06:28am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 37.081...

Published 25 Oct, 2024 06:28am

Commodities

Malaysian palm oil surges

KUALA LUMPUR: Malaysian palm oil jumped more than 2% on Thursday, supported by expectations of palm production...

Published 25 Oct, 2024 06:28am

Commodities

Asia Rice: Rates drop across major hubs after India slashes export duty

BENGALURU/ MUMBAI/BANGKOK/HANOI/BANGLADESH: Rice export rates dipped across major Asian hubs this week after India...

Published 25 Oct, 2024 06:28am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (October 24, 2024)...

Published 25 Oct, 2024 06:28am

Cotton & Textile

Selective buying on cotton market

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

Published 25 Oct, 2024 06:28am

Commodities

Dalian iron ore falters on firmer supply

SINGAPORE: Dalian iron ore futures prices declined on Thursday, weighed down by stronger supply of the steelmaking...

Published 25 Oct, 2024 06:28am

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 25 Oct, 2024 06:28am

Forex

Open market rates of foreign currencies

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

Published 25 Oct, 2024 06:28am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (October 24, 2024). ======================== Open Bid...

Published 25 Oct, 2024 06:28am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (October 24, 2024)....

Published 25 Oct, 2024 06:28am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (October 24, 2024)...

Published 25 Oct, 2024 06:28am

PSDP 2024-25: Ministries’ Rs2.9trn request pruned to Rs1.1trn

Minister for Planning Ahsan Iqbal directs Economic Affairs Division to come up with a realistic demand of budget in consultation with respective ministries/divisions

Updated 25 Oct, 2024 03:18pm

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	156.03
USD to Swiss Franc / Jan 20	0.91
Pound Sterling to USD / Jan 20	1.22
Euro to USD / Jan 20	1.03

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	77,231.09
Tokyo Nikkei / Jan 20	38,932.72
Hang Seng / Jan 20	19,990.17
FTSE 100 / Jan 20	8,532.51
Germany DAX 30 / Jan 20	20,903.07

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Crude Oil USD/Barrel / Jan 20	77.94
Gold Spot USD/Ounce / Jan 20	2,707.81
Cotton US¢/pound / Jan 20	67.60
Petrol/Litre / Jan 21	256.13

Gainers
Losers
Leaders

Stock	Price
Bank Makramah / Jan 20 Bank Makramah Limited(BML)	3.61 ▲ 0.91 (33.70%)
Burj Clean Energy Modaraba / Jan 20 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.60 ▲ 1.00 (13.16%)
Apna Microfin. / Jan 20 Apna Microfinance Bank Limited(AMBL)	10.50 ▲ 0.97 (10.18%)
I.C.C. Ind. / Jan 20 ICC Industries Limited(ICCI)	11.61 ▲ 1.06 (10.05%)
Loads Limited / Jan 20 Loads Limited(LOADS)	17 ▲ 1.55 (10.03%)
AKD Securities / Jan 20 AKD Securities Limited(AKDSL)	24.93 ▲ 2.27 (10.02%)
Ghani Chem. Ind. / Jan 20 Ghani Chemical Industries Limited(GCIL)	18.24 ▲ 1.66 (10.01%)
Attock Cement / Jan 20 Attock Cement Pakistan Limited(ACPL)	254.47 ▲ 23.13 (10.00%)
Baba Farid Sugar / Jan 20 Baba Farid Sugar Mills Limited(BAFS)	53.44 ▲ 4.86 (10.00%)

Stock	Price
Hussain Industries / Jan 20 Husein Industries Limited(HUSI)	31.09 ▼ -3.45 (-9.99%)
Faisal Sp. / Jan 20 Faisal Spinning Mills Limited(FASM)	334.01 ▼ -35.89 (-9.70%)
Parmount Sp. / Jan 20 Paramount Spinning Mills Limited(PASM)	4.61 ▼ -0.44 (-8.71%)
Sindh Abadgar / Jan 20 Sindh Abadgar's Sugar Mills Limited(SASML)	38.04 ▼ -3.46 (-8.34%)
MithchellsFruit / Jan 20 Mitchells Fruit Farms Limited(MFFL)	279 ▼ -24.10 (-7.95%)
LSE Financial Serv. / Jan 20 LSE Financial Services Limited(LSEFSL)	19.26 ▼ -1.62 (-7.76%)
AN Textile Mill / Jan 20 AN Textile Mills Limited(ANTM)	11.80 ▼ -0.99 (-7.74%)
Service Textile / Jan 20 Service Industries Textiles Limited(SERT)	13.82 ▼ -1.16 (-7.74%)
Masood Textile / Jan 20 Masood Textile Mills Limited(MSOT)	52.02 ▼ -4.22 (-7.50%)

Stock	Volume
WorldCall Telecom / Jan 20 Worldcall Telecom Limited(WTL)	101,934,297 ▼ -0.01
Lotte Chemical / Jan 20 Lotte Chemical Pakistan Limited(LOTCHEM)	59,408,954 ▲ 1.94
Bank Makramah / Jan 20 Bank Makramah Limited(BML)	57,604,421 ▲ 0.91
Hub Power Co. / Jan 20 The Hub Power Company Limited(HUBC)	36,888,747 ▲ 0.70
Hascol Petrol / Jan 20 Hascol Petroleum Limited(HASCOL)	32,496,536 ▲ 0.17
Dewan Motors / Jan 20 Dewan Farooque Motors Limited(DFML)	28,438,701 ▲ 1.02
Citi Pharma Ltd / Jan 20 Citi Pharma Ltd.(CPHL)	24,244,731 ▲ 7.71
Maple Leaf Cement / Jan 20 Maple Leaf Cement Factory Limited(MLCF)	19,741,577 ▲ 2.08
The Searle Co. / Jan 20 The Searle Company Limited(SEARL)	17,062,686 ▲ 4.29

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