News Archives for Print - 2024-10-28

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Print - 2024-10-28

Commodities

Prices of kitchen items show mixed trend

PESHAWAR: Mixed trend in prices of important kitchen items, including live chicken/meat, vegetables, fruits, flour,...

Published 28 Oct, 2024 08:17am

Newage Cables wins Pink Polo final

LAHORE: Newage Cables emerged title winners in the Lahore Smart City Polo in Pink after defeating FG/Din Polo in a...

Published 28 Oct, 2024 08:17am

PCB awards central contracts to 25 cricketers

LAHORE: The Pakistan Cricket Board (PCB) has awarded 12-month central contracts to 25 men’s cricketers including...

Published 28 Oct, 2024 08:11am

Companies

SDG Impact Framework: Fatima Fertilizer becomes country’s first company to partner with UNDP

LAHORE: Fatima Fertilizer has become the first company in Pakistan to officially partner with the United Nations...

Published 28 Oct, 2024 08:10am

Companies

United Insurance, Mobilink Bank team up to introduce ‘climatic shock insurance’

LAHORE: United Insurance Company and Mobilink Microfinance Bank have come together to launch a groundbreaking...

Published 28 Oct, 2024 08:08am

Cricket squads for Australia, Zimbabwe tours announced

LAHORE: The Pakistan cricket selectors have announced 15-member squads for the tours of Australia and Zimbabwe, ...

Published 28 Oct, 2024 08:08am

Industry

PAAPAM concludes PAPS 2024 successfully

LAHORE: The Pakistan Auto Parts Show (PAPS) 2024, hosted by the Pakistan Association of Automotive Parts and...

Published 28 Oct, 2024 08:05am

LCCI observes ‘Kashmir Exploitation Day’

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) observed Kashmir Exploitation Day today, shedding light on ...

Published 28 Oct, 2024 08:03am

Faisalabad residents reiterate commitment to Kashmir cause

FAISALABAD: Kashmir Black Day was observed across the Faisalabad district on Sunday to express solidarity with the...

Published 28 Oct, 2024 08:02am

KP Assembly expresses solidarity with Kashmiris

PESHAWAR: The Khyber Pakhtunkhwa Assembly passed a joint resolution unanimously on Sunday by expressing complete...

Published 28 Oct, 2024 08:01am

Chinese university names research centre after Iqbal Choudhary

ISLAMABAD: Hunan University of Medicine (HNUM) China, has named it’s newly inaugurated research building, after ...

Published 28 Oct, 2024 07:59am

NDMA dispatches relief consignments to Gaza, Lebanon

ISLAMABAD: The National Disaster Management Authority (NDMA) on the directives of the Prime Minister, continued to...

Published 28 Oct, 2024 07:52am

Factory of tissue papers and diapers gutted

PESHAWAR: A fire broke out in a factory in the Industrial Estate Hayatabad and goods worth millions were burnt to...

Published 28 Oct, 2024 07:50am

Transgender quota: KP govt approves amendments to Civil Servants Rules, 1989

PESHAWAR: The KP govt decided to approve amendments to Khyber Pakhtunkhwa Civil Servants (Appointments, Promotion ...

Published 28 Oct, 2024 07:45am

KP govt announces life insurance scheme

PESHAWAR: Advisor to Khyber Pakhtunkhwa government on Information Barrister Dr Muhammad Ali Saif has announced the...

Published 28 Oct, 2024 07:41am

Taxes

POS invoicing system: Two restaurants sealed for issuing fake receipts

ISLAMABAD: As part of FBR’s drive to bring Tier-1 retailers/ restaurants under the tax net through POS invoicing...

Published 28 Oct, 2024 07:39am

Sharjeel terms Yellow Line BRT ‘significant project for Karachi’

KARACHI: Sindh Senior Minister Sharjeel Inam Memon stated that the Yellow Line BRT is a significant project for the...

Updated 28 Oct, 2024 07:17pm

Rizwan confirmed as white-ball captain

LAHORE: Wicketkeeper-batter Mohammad Rizwan has been appointed Pakistan’s white-ball captain, while Salman Ali ...

Published 28 Oct, 2024 07:36am

Industry

Supply-chain due diligence act: German official says opportunity exists for Pakistan to stand out

Florian Walther, Pakistan representative at the German Emirati Joint Council for Industry and Commerce, says act relevant for companies here as well

Updated 28 Oct, 2024 07:19am

Middle East

5 Israeli soldiers killed

OCCUPIED JERUSALEM: The Israeli military on Sunday said five soldiers were killed in southern Lebanon, bringing to ...

Updated 28 Oct, 2024 07:14am

Netanyahu claims Israel hit Iran hard

OCCUPIED JERUSALEM/CAIRO: Israel’s airstrikes “hit hard” Iran’s defences and missile production, Prime...

Published 28 Oct, 2024 06:21am

Miftah says ‘complete overhaul of system is essential’

HYDERABAD: Former Federal Finance Minister Miftah Ismail has said that reforming Pakistan under the current system ...

Published 28 Oct, 2024 06:21am

Aurangzeb praises role of Pakistani diaspora

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb appreciated Pakistani diaspora on...

Updated 28 Oct, 2024 08:52am

LWMC gears up for Raiwind Tablighi Ijtema

LAHORE: The Lahore Waste Management Company (LWMC) has begun preparations for the annual Raiwind Tablighi Ijtema, ...

Published 28 Oct, 2024 06:21am

‘Black Day’: Zardari, PM vow support to Kashmiris

ISLAMABAD: Pakistan reiterated solidarity with the people of Kashmir on the observance of the Kashmir Black Day on...

Published 28 Oct, 2024 06:21am

PM launches countrywide anti-polio campaign

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday launched countrywide anti-polio campaign to ensure complete...

Published 28 Oct, 2024 06:21am

Nawaz arrives in London

LONDON: Pakistan Muslim League-Nawaz (PML-N) chief Nawaz Sharif has arrived in London, where he was welcomed by ...

Published 28 Oct, 2024 06:21am

APNS says concerned at stoppage of tender ads in newspapers by Punjab govt

KARACHI: APNS expresses grave concern over the stoppage of tender advertisements in newspapers by Punjab Government...

Published 28 Oct, 2024 06:21am

Europe

Putin says Moscow will respond if West helps Ukraine to strike deep into Russia

MOSCOW: President Vladimir Putin said on Sunday that Russia’s defence ministry was working on different ways to...

Published 28 Oct, 2024 06:21am

Middle East

Iran calls on UNSC to condemn Israeli strikes

TEHRAN: Iran on Sunday called for an urgent United Nations Security Council meeting to condemn Israel’s air ...

Published 28 Oct, 2024 06:21am

UN chief ‘shocked’

UNITED NATIONS: UN chief Antonio Guterres said Sunday he was “shocked by harrowing levels of death, injury and...

Published 28 Oct, 2024 06:21am

Middle East

Lebanon says 8 killed in Israel strike near coastal city of Sidon

BEIRUT: Lebanon’s health ministry said at least eight people were killed and 25 others wounded Sunday in an ...

Published 28 Oct, 2024 06:21am

Asia

Japan ruling party projected to miss majority in election

TOKYO: Japan’s scandal-hit ruling party fell short of a majority for the first time since 2009 in snap elections ...

Published 28 Oct, 2024 06:21am

Speaker of Russian Federal Assembly arrives in Pakistan

ISLAMABAD: Valentina Matviyenko, the Speaker of Russia’s Federation Council of the Federal Assembly, arrived in...

Published 28 Oct, 2024 06:21am

PHA develops Mughal-inspired gardens on The Mall

LAHORE: The Parks and Horticulture Authority (PHA) has begun the development of three open-access community gardens...

Published 28 Oct, 2024 06:21am

Kashmiris should be given right to self-determination: DC

HYDERABAD: Deputy Commissioner Hyderabad Zainul Abedin Memon lead a rally from Shehbaz Building to the Post Office ...

Published 28 Oct, 2024 06:21am

Alhamra marks ‘Kashmir Black Day’ with impactful events

LAHORE: Lahore Arts Council Alhamra marked Kashmir Black Day with impactful events. The exhibitions showcased...

Published 28 Oct, 2024 06:21am

PDP Chairman for promoting agro forestry culture

KARACHI: To fight the climate change in our country we need to aggressively promote agro forestry culture, said...

Published 28 Oct, 2024 06:21am

The Weather

KARACHI: The weather report on Sunday (October 27, 2024) and the forecast for Monday (October 28, 2024)....

Published 28 Oct, 2024 06:21am

Economy: Aurangzeb outlines steps

Highlights upcoming reforms in the Federal Board of Revenue, aimed at boosting transparency and fostering sustainable development

Updated 28 Oct, 2024 12:33pm

CASA-1000: World Bank mission due today to remove bottlenecks

ISLAMABAD: The World Bank (WB) is to despatch its Implementation Support Mission to Islamabad and Lahore for the...

Updated 28 Oct, 2024 09:31am

Corporate sector: Only 5,000 big cos are practically compliant taxpayers

ISLAMABAD: Only 5,000 big companies are practically compliant taxpayers within the corporate sector and paying 90...

Updated 28 Oct, 2024 02:43pm

Now 20 UK MPs seek UK govt’s intervention in securing IK’s release

LONDON: As many as 20 British parliamentarians from cross-party have urged UK’s Foreign Secretary David Lammy MP to...

Updated 28 Oct, 2024 08:53am

SNGPL move to reinitiate arbitration perturbs NPPMCL

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Updated 28 Oct, 2024 09:22am

Capacity payment issue: 10 IPPs seek PM’s intervention

Talks with IPPs of 2002 Policy are commencing from today

Updated 28 Oct, 2024 04:10pm

Rates

PSX performs extremely well

KARACHI: Pakistan Stock Exchange performed extremely well and hit historic highest ever levels during the outgoing...

Published 28 Oct, 2024 06:21am

Rates

Futures spread down 943bps

KARACHI: The futures spread declined by 943bps to 9.07 percent on the last day of the outgoing week. Trading...

Published 28 Oct, 2024 06:21am

Bilawal-led PPP team meets Shehbaz

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Sunday held an important meeting with the delegation of...

Updated 28 Oct, 2024 08:59am

All eyes on full court; agenda remains unclear

ISLAMABAD: All eyes are on the Supreme Court that is set to hold its full court meeting today (Monday), convened by...

Updated 28 Oct, 2024 09:30am

Rates

Marginal decline

KARACHI: Rupee weakened marginally during the previous week as it depreciated Re0.03 or 0.01% against the US ...

Published 28 Oct, 2024 06:21am

Senators’ team visits Uzbekistan Senate Secretariat

ISLAMABAD: The delegation of Pakistani Senators under the leadership of Senator Irfan Siddiqui, Chairman Senate...

Published 28 Oct, 2024 06:21am

Pak-Afghan bilateral trade: Traders present comprehensive proposals

PESHAWAR: Traders presented comprehensive proposals to remove hurdles in Pak-Afghan bilateral trade and transit...

Published 28 Oct, 2024 06:21am

Cotton & Textile

Weekly Cotton Review: Prices likely to decline; business volume improves

KARACHI: After stability in cotton prices, a decline now is expected. Business volume has; however, improved along...

Published 28 Oct, 2024 06:21am

The economics of conflict

Conflict has a vastly different impact on different economies based on how insulated it may be (either voluntarily ...

Updated 28 Oct, 2024 08:31am

Banking on missteps: latest tax policy will distort financial system

One of the more short-sighted fiscal measures recently introduced is the higher tax on banking income from ...

Updated 28 Oct, 2024 08:35am

Expenditure growth rate

EDITORIAL: The International Monetary Fund (IMF) in its Fiscal Monitor report titled “Putting a Lid on Public Debt”...

Updated 28 Oct, 2024 08:25am

A complicated legacy

EDITORIAL: With the retirement of Justice Qazi Faez Isa as Chief Justice of Pakistan (CJP), a seminal chapter of the...

Updated 28 Oct, 2024 08:27am

Letters

‘Trump’s immigrant xenophobia and US Constitution’

This is apropos my three letters to the Editor carried by the newspaper in recent days Trump’s inflammatory...

Updated 28 Oct, 2024 08:37am

Cost of misguided energy policies

“Elimination of captive power from the gas sector” has been committed to the IMF as a structural benchmark to be...

Updated 28 Oct, 2024 08:48am

Stocks

Wall Street Week Ahead: Stocks rally faces gauntlet of tech earnings, jobs data, election

NEW YORK: The rally in US stocks is wobbling as it confronts a stretch of potentially market-shaking events, ...

Published 28 Oct, 2024 06:21am

Stocks

Gulf markets rise as Iran plays down Israel’s strikes

DUBAI: Most stock markets in the Gulf ended higher on Sunday as fears of an all-out conflagration in the region ...

Published 28 Oct, 2024 06:21am

Stocks

FTSE indexes post weekly losses on mixed earnings

LONDON: London’s blue-chip stock index slipped on Friday as investors assessed a mixed bag of corporate earnings...

Published 28 Oct, 2024 06:21am

Stocks

Sri Lankan shares log sixth straight weekly gains

COLOMBO: Sri Lankan shares closed higher on Friday, aided by industrials and financial stocks. The CSE All-Share...

Published 28 Oct, 2024 06:21am

Oil prices likely to fall after Israel shows restraint in strikes on Iran

SINGAPORE/LONDON: Oil prices are expected to fall when trading resumes on Monday as Israel’s retaliatory strike on...

Published 28 Oct, 2024 06:21am

BQATI urges MPC to slash interest rate

KARACHI: Bon Qasim Association of Trade and Industry (BQATI) has called on the Monetary Policy Committee (MPC) to...

Published 28 Oct, 2024 06:21am

PBF leader urges SBP to lower interest rates by 5pc

KARACHI: Captain Abdul Rashid Abro, central leader of the Pakistan Business Forum and former Vice President of...

Updated 28 Oct, 2024 09:26am

IPO market sees significant revival: report

KARACHI: The IPO (Initial Public Offer) market in Pakistan has seen a significant revival in CY24, supported by an...

Published 28 Oct, 2024 06:21am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday October 27, 2024

Published 28 Oct, 2024 06:21am

Textile sector demands a long-term policy

KARACHI: The textile sector has called on the government to establish a long-term textile policy, developed in...

Updated 28 Oct, 2024 02:44pm

Industry

Fahd highlights diplomats’ proactive role in shaping a peaceful future

ISLAMABAD: The Diplomatic Business Club, led by Chairman Muhammad Umar Shah, hosted the 8th Annual International Day...

Published 28 Oct, 2024 06:21am

Money & Banking

Most Latam FX fall

BRASILIA: Most Latin American currencies slipped after rising in the last session on Friday, capping of a week of...

Published 28 Oct, 2024 06:21am

Money & Banking

Canadian dollar falls against the greenback

TORONTO: The Canadian dollar weakened to near 12-week low against its US counterpart on Friday, pressured by the ...

Published 28 Oct, 2024 06:21am

Money & Banking

Yuan steady against dollar

SHANGHAI: China’s yuan held steady against the dollar on Friday, but is headed for its fourth weekly decline amid ...

Published 28 Oct, 2024 06:21am

Money & Banking

Indian rupee ends flat

MUMBAI: The Indian rupee ended nearly unchanged on Friday, managing to hold its ground in the face of weakness in...

Published 28 Oct, 2024 06:21am

Companies

Mercedes to step up cost cuts after earnings halve

BERLIN: Mercedes-Benz will step up cost cuts after earnings halved in the third quarter hit by tepid demand and...

Published 28 Oct, 2024 06:21am

DG I&I (Customs) DG Enforcement (Customs): FBR removes duplication of functions/roles

Taxes

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

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 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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