News Archives for Print - 2024-10-26

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Print - 2024-10-26

Stocks

Nasdaq hits record high as Treasury yields ease

NEW YORK: The Nasdaq rallied to a fresh intraday record on Friday, lifted by megacaps as Treasury yields slipped ...

Published 26 Oct, 2024 07:28am

Commonwealth countries: Foreign minister holds talks with counterparts

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar conducted a series of high-level meetings with his...

Published 26 Oct, 2024 07:27am

Three months: Foreign tourists allowed to import vehicles temporarily

ISLAMABAD: The Federal Board of Revenue (FBR) has allowed foreign tourists to temporarily import vehicles into...

Published 26 Oct, 2024 07:25am

Industry

APTMA urges govt to urgently restore EFS to pre-Finance Act 2024 status

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has urged the government to urgently restore Export...

Published 26 Oct, 2024 07:24am

Police granted 5-day physical remand of Langov and Takarai

ISLAMABAD: The Anti-Terrorism Court (ATC), on Friday, granted a five-day physical remand of Balochistan National...

Published 26 Oct, 2024 07:22am

BISP official congratulates Ugandan delegation

ISLAMABAD: Secretary BISP Amer Ali Ahmad has congratulated the Ugandan delegation on its successful study tour to...

Published 26 Oct, 2024 07:21am

Bengali says he opposed downsizing idea by sacking employees

ISLAMABAD: Leading economist Dr Kaiser Bengali disclosed, Friday, that he had proposed abolishing 60 entities/...

Published 26 Oct, 2024 07:16am

Cadet Arif Ullah martyred in mosque attack

ISLAMABAD: A group of terrorists attacked at a mosque in District Lakki Marwat during Maghrib prayers, resulting in...

Published 26 Oct, 2024 07:14am

China asks Pakistan to enhance business environment

ISLAMABAD: China has renewed its support for Pakistan’s economic uplift through investment by Chinese enterprises...

Published 26 Oct, 2024 07:12am

SFA acts against sale of unpackaged cooking oil

KARACHI: Director General of Sindh Food Authority (SFA), Muzzammil Hussain, has announced strict measures against ...

Published 26 Oct, 2024 07:11am

Education, IT, agriculture: CM seeks cooperation with Belgium

LAHORE: Belgium is interested in increasing investment and cooperation in various sectors in Pakistan, ambassador of...

Published 26 Oct, 2024 07:11am

DG ISPR urges vigilance against social media propaganda

ISLAMABAD: Director General Inter-Services Public Relations (ISPR) Lieutenant General Ahmed Sharif Chaudhry urged ...

Published 26 Oct, 2024 07:06am

‘Save Gaza March’: Ex-JI senator Mushtaq, 20 workers arrested

ISLAMABAD: The City police, on Friday, arrested former senator of Jamaat-e-Islami (JI), Mushtaq Ahmed, and 20 other...

Published 26 Oct, 2024 07:04am

Business community: FPCCI demands revoking of FIRs filed by FBR

KARACHI: The Federation of Pakistan Chamber of Commerce has demanded that the FIRs filed by the Federal Board of...

Published 26 Oct, 2024 07:02am

‘98pc of breast cancer patients can survive with early detection’

ISLAMABAD: Health professionals while stressing the need for early detection and diagnosis of cancer have said that...

Published 26 Oct, 2024 07:00am

Govt to send delegation to US for release of Dr Aafia: AAG

ISLAMABAD: The Additional Attorney General (AAG), Friday, informed the Islamabad High Court (IHC) that the ...

Published 26 Oct, 2024 06:59am

Cotton & Textile

Handsome business on cotton market

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

Published 26 Oct, 2024 06:58am

Tracking and monitoring of cargoes: Licensed bonded carriers ordered to install latest devices

ISLAMABAD: The Federal Board of Revenue (FBR) has directed the licensed bonded carriers to install latest equipment...

Published 26 Oct, 2024 06:56am

Offerings collected from shrines being used properly, says minister

KARACHI: The government utilises the shrines’ financial offerings appropriately and responsibly as needed, a...

Published 26 Oct, 2024 06:54am

Protest rally case: Two PTI MPs, others discharged

ISLAMABAD: A local court, on Friday, discharged Pakistan Tehreek-e-Insaf (PTI) members of provincial assembly (MPAs)...

Published 26 Oct, 2024 06:47am

Punjab assembly passes resolution to praise 26th amendment

LAHORE: The resolution in favour of the 26th Constitutional Amendment was passed with a majority vote in the Punjab...

Published 26 Oct, 2024 06:46am

SECP releases Insurance Industry Statistics for year 2023

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) data revealed that the life insurance sector...

Published 26 Oct, 2024 06:45am

Nawaz Sharif leaves for Dubai

LAHORE: Pakistan Muslim League-Nawaz (PML-N) President and former three-time Prime Minister Mian Nawaz Sharif left...

Published 26 Oct, 2024 05:55am

PDWP approves transport sector schemes worth Rs43bn

LAHORE: The Provincial Development Working Party (PDWP) on Friday approved a significant development scheme of the...

Published 26 Oct, 2024 05:55am

Media housing schemes: CS vows to resolve issues facing KPC members

KARACHI: A delegation from the Karachi Press Club (KPC), led by President Saeed Sarbazi and Secretary Shoaib Ahmed,...

Published 26 Oct, 2024 05:55am

Quaid-e-Azam Trophy 2024-25 starts today

LAHORE: A prize pot of Rs12.6 million will be up for grabs as Quaid-e-Azam Trophy 2024-25 begins today. As many as...

Published 26 Oct, 2024 05:55am

Punjab establishing a formal system of price control: CM

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif met members of the Provincial Assembly from Sargodha and Sialkot...

Published 26 Oct, 2024 05:55am

People of Lahore: Declaring ‘war’ against smog becomes essential: minister

LAHORE: Punjab Senior Minister Marium Aurangzeb said on Friday that declaring war against smog by the people of...

Published 26 Oct, 2024 05:55am

The Weather

KARACHI: The weather report on Friday (October 25, 2024) and the forecast for Saturday (October 26, 2024)...

Published 26 Oct, 2024 05:55am

Gunmen attack three prisoners’ vans in Islamabad

ISLAMABAD: Three prisoner vans, transporting over 82 prisoners mostly Pakistan Tehreek-e-Insaf (PTI) workers...

Published 26 Oct, 2024 05:55am

10 FC soldiers martyred in DI Khan

ISLAMABAD: Ten soldiers of the Frontier Constabulary (FC) were martyred when terrorists launched a fierce attack on...

Updated 26 Oct, 2024 09:30am

Rates

PSX achieves a historic milestone

KARACHI: The record breaking trend continued on Pakistan Stock Exchange as the market hit new historic highest-ever...

Published 26 Oct, 2024 05:55am

High-net worth individuals: FBR starts receiving data from Nadra

ISLAMABAD: The Federal Board of Revenue (FBR) has started receiving data from the National Database and Registration...

Updated 26 Oct, 2024 09:29am

Stocks

European shares end week in the red as earnings disappoint

PARIS: Europe’s main stock index closed Friday’s choppy session flat and notched weekly losses, as a handful of...

Published 26 Oct, 2024 05:55am

Stocks

China and HK stocks rise, US election uncertainty temper gains

SHANGHAI: China stocks rose on Friday, gaining for the second week in a row, though investors were reluctant to ...

Published 26 Oct, 2024 05:55am

Stocks

Nikkei posts weekly fall amid election jitters

TOKYO: Japan’s Nikkei share average marked a second week of declines on Friday as investors weighed the risk...

Published 26 Oct, 2024 05:55am

Pakistan-Russia drill ends

ISLAMABAD: The closing ceremony of the Pakistan-Russia joint military exercise “Druzhba-VII” took place on ...

Published 26 Oct, 2024 05:55am

PTI says van attack was ‘orchestrated by govt’

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday rejected an attack on prison vans near Sangjani Toll Plaza,...

Published 26 Oct, 2024 05:55am

NRSP launches $50m ‘Climaventures Programme’

ISLAMABAD: The National Rural Support Programme (NRSP) proudly announces the launch of its USD 50 million...

Published 26 Oct, 2024 05:55am

SC Ordinance not tabled: Senate adjourned due to lack of quorum

ISLAMABAD: The federal government, Friday, failed to move in the Senate the Supreme Court (Practice and Procedure)...

Published 26 Oct, 2024 05:55am

Khan’s sisters granted bail

ISLAMABAD: The Anti-Terrorism Court (ATC), on Friday, granted bail to Pakistan Tehreek-e-Insaf (PTI) founding...

Published 26 Oct, 2024 05:55am

Govt accuses PTI of launching ‘premeditated’ attack on prison vans

ISLAMABAD: Federal Information Minister Attaullah Tarar alleged on Friday that Pakistan Tehreek-e-Insaf (PTI)...

Published 26 Oct, 2024 05:55am

Speaking out in defence of IMF lending

Following the approval of a $7 billion funding agreement by International Monetary Fund (IMF) Executive Board, there...

Updated 26 Oct, 2024 07:46am

Homeschooling in Pakistan

Do you know how many children are out of schools in Pakistan? In 2021 the number was 26.2 million, which reached 26...

Updated 26 Oct, 2024 07:51am

Letters

‘Trump’s immigrant xenophobia and US Constitution’

This is apropos a letter to the Editor carried by the newspaper yesterday. Let me add that Donald Trump’s rhetoric...

Published 26 Oct, 2024 05:55am

PARTLY FACETIOUS: Plan D has been activated

“Ali Amin Gandapur – that name has how many ains– the twenty-fourth letter of the alphabet?” “Oh for...

Published 26 Oct, 2024 05:55am

Commodities

Gold prices lose momentum

KARACHI: The local gold prices lost some momentum on Friday after the global bullion rates further dropped, traders...

Published 26 Oct, 2024 05:55am

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 26 Oct, 2024 05:55am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (October 25, 2024). ========================== KIBOR...

Published 26 Oct, 2024 05:55am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (October ...

Published 26 Oct, 2024 05:55am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (October 25, 2024). ======================== Open Bid ...

Published 26 Oct, 2024 05:55am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (October 25, 2024)....

Published 26 Oct, 2024 05:55am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (October 25, 2024). ==================================== BR...

Published 26 Oct, 2024 05:55am

Reform package prioritises fiscal sustainability: IMF

Says projections are showing that Pakistan's economy will grow at 2.4 percent this year

Updated 26 Oct, 2024 09:33am

SBP chief briefs global investors about state of economy

WASHINGTON: Governor State Bank of Pakistan (SBP), Jameel Ahmad met delegates from international rating agencies and...

Updated 26 Oct, 2024 08:47am

Aurangzeb speaks to investors

WASHINGTON: Minister for Finance and Revenue Muhammad Aurangzeb continued his engagements on the fourth day of his...

Updated 26 Oct, 2024 09:21am

Move aimed at raising power consumption: PD giving final touches to ‘winter package’

ISLAMABAD: Power Division is said to be giving final touches to the ‘Winter Package 2024’ to increase electricity...

Updated 26 Oct, 2024 08:40am

July FCA: KE allowed Rs3/unit tariff hike

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has increased KE’s tariff by Rs 3 per unit under...

Updated 26 Oct, 2024 08:39am

Contracts with 8 more IPPs renegotiated, NA told

ISLAMABAD: The National Assembly was informed on Friday that contracts with eight additional independent power...

Updated 26 Oct, 2024 12:26pm

IMF chief seeks more details on BRICS payments system plans

WASHINGTON: The IMF wants to know more about a cross-border payments system discussed by the BRICS group of ...

Published 26 Oct, 2024 05:55am

Weekly SPI inflation down 0.22pc

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended October 24, 2024 decreased by 0.22 per...

Updated 26 Oct, 2024 08:38am

PM congratulates nation

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday felicitated the nation as the Pakistan Stock Exchange’s 100-index...

Updated 26 Oct, 2024 09:23am

Outgoing CJP paid tribute amid absence of several judges

ISLAMABAD: The outgoing Chief Justice, Qazi Faez Isa, was praised lavishly at a Full-Court reference, held in his...

Published 26 Oct, 2024 05:55am

Justice Mansoor explains why he didn’t attend farewell reference

ISLAMABAD: Chief Justice Qazi Faez Isa ignored external influences and pressures on the judiciary and has opened the...

Published 26 Oct, 2024 05:55am

PTEA assails govt for disconnecting gas supply to CPPs

ISLAMABAD: Pakistan Textile Exporters Association (PTEA) has condemned the government’s decision to discontinue ...

Published 26 Oct, 2024 05:55am

Money & Banking

US dollar edges lower

NEW YORK: The dollar slipped for a second straight session, as a recent ascent lost steam, but the greenback was...

Published 26 Oct, 2024 05:55am

Money & Banking

Asian currencies: South Korean won hits 3-month low

BENGALURU: The Philippine peso and Indonesian rupiah led declines among Asian currencies on Friday, extending recent...

Published 26 Oct, 2024 05:55am

Complexities of SOE reforms

EDITORIAL: Poorly performing state-owned enterprises (SOEs), wracked with chronic inefficiencies and ringing up...

Updated 26 Oct, 2024 07:42am

Looming cotton crisis

EDITORIAL: With cotton production dropping almost 50 percent, ginners sounding the alarm, textile exporters forced ...

Published 26 Oct, 2024 05:55am

More polio cases

EDITORIAL: Poliovirus continues to survive in this country despite regular vaccination campaigns. This past Saturday...

Updated 26 Oct, 2024 07:43am

WWF, WPPF: Sindh to ask Centre to release Rs22bn collected by FBR

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has announced that the Federal Board of Revenue (FBR) has ...

Published 26 Oct, 2024 05:55am

Textile exporters urged to discover opportunities in emerging markets

KARACHI: CEM Altan, President International Apparel Federation (IAF), has said that Pakistan’s garment and textile...

Published 26 Oct, 2024 05:55am

TEXPO 24: deals worth over $910m successfully signed

KARACHI: The 5th edition of TEXPO 2024 concluded on Friday at the Karachi Expo Centre. TDAP, took great pride in...

Published 26 Oct, 2024 05:55am

Cultivation of wheat on govt’s agri land made compulsory

LAHORE: The Punjab government has set a target of cultivating wheat on 16.5 million acres in the province, and made...

Published 26 Oct, 2024 05:55am

CCP approves acquisition of Claforan trademarks by Hoechst Pak Ltd

ISLAMABAD: The Competition Commission of Pakistan (CCP) Friday approved the acquisition of trademarks for the...

Published 26 Oct, 2024 05:55am

Companies

PPL’s 73rd AGM approves 25pc cash dividend

KARACHI: Pakistan Petroleum Limited (PPL) held its 73rd Annual General Meeting (AGM) at a local hotel in Karachi,...

Published 26 Oct, 2024 05:55am

Oct HSD sales 21pc up against projections due to anti-smuggling drive, start of agri season

ISLAMABAD: High sales of High-Speed Diesel (HSD) have depleted the stocks of fuel that were reported as high earlier...

Published 26 Oct, 2024 05:55am

Companies

BankIslami reports strong financial performance in 9 months

LAHORE: BankIslami continues its growth trajectory, delivering substantial returns to its shareholders with a...

Published 26 Oct, 2024 05:55am

Automotive sector has capacity to help boost exports, attract investment: minister

LAHORE: State Minister for Finance Ali Pervez Malik has said that the automotive sector has the capacity to boost...

Published 26 Oct, 2024 05:55am

Companies

Lucky Cement wins ‘Excellency Award’

KARACHI: Lucky Cement Limited has been honoured with the Excellency Award in the Cement Category at the 39th...

Published 26 Oct, 2024 05:55am

Companies

Quarter ended Sep 30, 2024: OGDCL announces Rs41.019bn profit after tax

ISLAMABAD: The Board of Directors of OGDCL, in its meeting held on Friday in Islamabad, announced the financial...

Published 26 Oct, 2024 05:55am

Companies

IMC to exhibit HEV at PAPS

LAHORE: Indus Motor Company (IMC) has exhibited it’s first-ever Make in Pakistan Hybrid Electric Vehicle at...

Published 26 Oct, 2024 05:55am

JS Bank closes 9MFY24 with 34pc YoY growth in profit after tax

Companies

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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