News Archives for Print - 2024-10-29

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Print - 2024-10-29

Attack on Iran: Iraq condemns Israel’s use of its airspace

BAGHDAD: Iraq has condemned Israel’s use of its airspace to attack neighbouring Iran in a protest letter sent to...

Published 29 Oct, 2024 03:27am

Harris challenges Trump to cognitive test

WASHINGTON: Kamala Harris said Monday she would take a cognitive test in response to jabs from Donald Trump, and...

Published 29 Oct, 2024 03:27am

Iran kills four after deadly attack in Sistan-Baluchistan

TEHRAN: Iranian armed forces on Sunday killed at least four “terrorists” behind a deadly attack on police the ...

Published 29 Oct, 2024 03:27am

Trump, Harris enter final week of tense US election

ATLANTA: Kamala Harris crisscrosses Michigan on Monday while Donald Trump heads to Georgia — another of the...

Published 29 Oct, 2024 03:27am

Japan PM vows to stay on despite election debacle

TOKYO: Japan’s Prime Minister Shigeru Ishiba vowed Monday to stay in office despite his gamble of snap elections...

Published 29 Oct, 2024 03:27am

Countries’ carbon-cut plans ‘miles short’ of 2030 goal: UN

PARIS: Greenhouse gas concentrations in the atmosphere reached new record highs in 2023, the UN warned on Monday,...

Published 29 Oct, 2024 03:27am

NATO chief confirms North Korean troops are in Russia’s Kursk

BRUSSELS: NATO Secretary General Mark Rutte confirmed on Monday that North Korean troops have been sent to Russia ...

Published 29 Oct, 2024 03:27am

Companies

EBM partners with Karachi Biennale Trust

KARACHI: English Biscuits Manufacturers (EBM) has partnered with the Karachi Biennale Trust for the fourth edition ...

Published 29 Oct, 2024 03:27am

Coach Gary Kirsten quits; Jason Gillespie to coach Team Pakistan

LAHORE: The Pakistan Cricket Board (PCB) Monday announced Jason Gillespie will coach the Pakistan men’s cricket...

Published 29 Oct, 2024 03:27am

Industry

LCCI calls for private sector’s role in policy making

LAHORE: The Lahore Chamber of commerce and Industry on Monday called for a private sector role in policy making in...

Published 29 Oct, 2024 03:27am

Punjab CM launches ‘Kisan Card’ in record period of 6 months

LAHORE: Launching the Kisan Card in Punjab in a record period of only six months, the Chief Minister Maryam Nawaz...

Published 29 Oct, 2024 03:27am

Companies

Zarea Limited seeks Rs1bn listing on PSX

KARACHI: Zarea Limited, Pakistan’s leading e-commerce marketplace for commodities, has filed for listing on the...

Published 29 Oct, 2024 03:27am

Improvement in economic indicators: JI dismisses govt’s claims

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem-ur-Rehman has dismissed government claims of economic improvement as...

Published 29 Oct, 2024 03:27am

PA speaker asks whether ‘May 9 cases’ shouldn’t be taken to special courts

LAHORE: Punjab Assembly Speaker Malik Muhammad Ahmed Khan on Monday said that the May 9, rioters burned the national...

Published 29 Oct, 2024 03:27am

KP Govt to launch Electronic Jaidad Card

PESHAWAR: Chief Minister Khyber Pakhtunkhwa, Ali Amin Khan Gandapur has decided to launch Electronic Jaidad Card as...

Published 29 Oct, 2024 03:27am

Call to raise EOBI pension equivalent to minimum wage

ISLAMABAD: The Employees’ Old-Age Benefits Institution (EOBI) pensioners urged the government to increase their...

Published 29 Oct, 2024 03:27am

Explore Turkiye’s : Eco-Friendly Destinations

TEXT: Hagia Sophia History & Experience Museum The Hagia Sophia, one of the historical architectural wonders...

Published 29 Oct, 2024 03:27am

Türkiye Health System

TEXT: A healthcare system requires concurrent pursuit of three targets: improving the experience of care, improving...

Published 29 Oct, 2024 03:27am

ATC extends interim bails of IK’s sisters

LAHORE: An Anti-Terrorism Court (ATC) on Monday extended the interim bails of Aleema Khan and Uzma Khan, the sisters...

Published 29 Oct, 2024 03:27am

Imaan Mazari, husband arrested

ISLAMABAD: The City Police, on Monday, arrested lawyer Imaan Zainab Mazari-Hazir and her husband in a case ...

Published 29 Oct, 2024 03:27am

JUI-F summons CEC meeting on Nov 2

ISLAMABAD: The Jamiat Ulema-e-Islam Fazl (JUI-F) has summoned the meeting of the party’s Central Executive...

Published 29 Oct, 2024 03:27am

PTI MNA Ghumman chooses to skip meeting of parliamentary party

ISLAMABAD: Aslam Ghumman, a MNA of Pakistan Tehreek-e-Insaf (PTI), who is accused of remaining out of contact at the...

Published 29 Oct, 2024 03:27am

Reserved seats of women, non-Muslims: SC urged to initiate contempt of court proceedings against CEC, ECP members

ISLAMABAD: The Supreme Court has been asked to initiate contempt proceedings against the Chief Election Commissioner...

Published 29 Oct, 2024 03:27am

Companies

Volkswagen labour chief sounds alarm on mass layoffs, three German plant closures

WOLFSBURG (Germany): Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of ...

Published 29 Oct, 2024 03:27am

South Asia

Sikh separatist claims Indian ‘spy network’ operates in US and Canada

NEW YORK: Canada and the US must get tougher on Indian Prime Minister Narendra Modi’s government for trying to...

Published 29 Oct, 2024 03:27am

The Weather

KARACHI: The weather report on Monday (October 28, 2024) and the forecast for Tuesday (October 29, 2024)...

Published 29 Oct, 2024 03:27am

Stocks

PSX at new highest-ever level

KARACHI: Pakistan Stock Exchange on Monday opened on strong positive note and hit new historic highest ever levels,...

Published 29 Oct, 2024 03:27am

Full Court focuses on reducing case backlog

ISLAMABAD: The Supreme Court Full Court meeting focused on measures to reduce case backlog and enhance judicial...

Published 29 Oct, 2024 03:27am

LHC directs AT to decide pleas of petitioners within 30 days

ISLAMABAD: The Lahore High Court (LHC) has set aside the conditions laid down by the Appellate Tribunal for granting...

Published 29 Oct, 2024 03:27am

PTI decides to become part of judicial commission

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Monday formally decided to join the Judicial Commission of Pakistan...

Published 29 Oct, 2024 03:27am

Beyond the 26th Amendment: A call for true judicial independence

The 26th Amendment to the Constitution has sparked a range of reactions, receiving both criticism and acclaim....

Published 29 Oct, 2024 03:27am

Structural reforms in IMF programme

The Staff Report on the new 37-month Extended Fund Facility by the IMF of $7 billion contains a number of structural...

Published 29 Oct, 2024 03:27am

Stocks

Wall Street gains ahead of megacap earnings, election

NEW YORK: Wall Street rose on Monday ahead of earnings from a host of megacap companies and the final stretch of the...

Published 29 Oct, 2024 03:27am

Stocks

European shares gain as key data and US tech earnings loom

PARIS: European shares started the week on a positive note, as investors prepared for a busy schedule of key ...

Published 29 Oct, 2024 03:27am

Stocks

China, HK stocks end marginally higher

SHANGHAI: Mainland China and Hong Kong stocks ended marginally higher on Monday as investors grew cautious ahead of...

Published 29 Oct, 2024 03:27am

Stocks

Japan stocks rally as yen tumbles

TOKYO: Japanese stocks rose on Monday as the yen careened to a three-month low after Prime Minister Shigeru...

Published 29 Oct, 2024 03:27am

10.6m children to be administered OPV across Sindh

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that polio vaccine hesitancy and refusals remain major...

Published 29 Oct, 2024 03:27am

Sindh Assembly expresses solidarity with Kashmiris

KARACHI: The Sindh Assembly unanimously passed a resolution on Monday, expressing solidarity with Kashmiris and...

Published 29 Oct, 2024 03:27am

LDA seals 112 properties in various housing schemes

LAHORE: In an operation against illegal commercial buildings and defaulters of commercial fees, the Lahore...

Published 29 Oct, 2024 03:27am

Letters

President Xi’s shared prosperity model

President Xi Jinping, since assuming office, has been a driving force in elevating China to unprecedented heights,...

Published 29 Oct, 2024 03:27am

Earn instead of resorting to borrow

Recently, the National Assembly Standing Committee on Finance was informed that Pakistan needs $18.8 billion,...

Published 29 Oct, 2024 03:27am

Foundations of real-world economics: what every economics student needs to know

The collapse of communism diverted the world economies to a liberalization regime, where economic freedom and...

Published 29 Oct, 2024 03:27am

PARTLY FACETIOUS: The concept of namak halali

“It’s no laughing matter.” “If you are brought up on the concept of namak halali (which can be translated ...

Published 29 Oct, 2024 03:27am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 264,695 tonnes of cargo comprising 169,903 tonnes of import cargo and 94,792...

Published 29 Oct, 2024 03:27am

Rates

LME official prices

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

Published 29 Oct, 2024 03:27am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (October 28, 2024). ========================== KIBOR...

Published 29 Oct, 2024 03:27am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (October 28, 2024)....

Published 29 Oct, 2024 03:27am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 28, 2024)....

Published 29 Oct, 2024 03:27am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (October 28, 2024). ======================================= Offset...

Published 29 Oct, 2024 03:27am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (October 28, 2024). ==================================== BR...

Published 29 Oct, 2024 03:27am

Challenges to export sector: Minister concerned about slow progress of some depts

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan chaired the first meeting of the Executive Committee of the...

Updated 29 Oct, 2024 09:22am

PM to take part in 8th Edition of FII in Riyadh

ISLAMABAD: Prime Minister Shehbaz Sharif is set to embark on an official visit to the Kingdom of Saudi Arabia on...

Updated 29 Oct, 2024 09:18am

SIFC for sharing 10 investible plans with KSA

Requests Power Division to share update on projects with its Secretariat by October 31

Updated 29 Oct, 2024 02:55pm

NA informed: 93 IPPs with 22,671MW capacity operating

ISLAMABAD: Federal Minister for Energy (Power Division) Sardar Awais Ahmad Khan Leghari said that a total of 93...

Updated 29 Oct, 2024 09:11am

Nepra says ‘no’ to economic load management

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has reportedly rejected proposed amendments in legal...

Updated 29 Oct, 2024 09:20am

Imported coal supply to Sahiwal power plant: CPPA-G asks PR to increase number of freight trains

ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) has asked Pakistan Railways (PR) to increase...

Updated 29 Oct, 2024 09:23am

World Bank terms progress of $188m PHCSP ‘moderately satisfactory’

ISLAMABAD: The World Bank (WB) has rated the implementation progress of the “Pakistan Hydromet and Climate Services...

Updated 29 Oct, 2024 09:14am

Membership of BRICS: President seeks Russia’s support

ISLAMABAD: Pakistan and Russia have reaffirmed their resolve to further strengthen bilateral ties in the areas of...

Updated 29 Oct, 2024 09:01am

Hefty penalty imposed on manufacturer: FBR begins scrutinising cement sector

KARACHI: The Federal Board of Revenue (FBR) has started scrutinizing the cement sector after imposing a hefty...

Updated 29 Oct, 2024 09:29am

Commodities

Gold prices lower

KARACHI: The local gold prices saw a fall on Monday after the global rates receded below $2, 750 per ounce, traders...

Published 29 Oct, 2024 03:27am

Energy

LESCO initiates annual development work for system reliability

LAHORE: The Lahore Electric Supply Company (LESCO) has commenced comprehensive annual development and maintenance...

Published 29 Oct, 2024 03:27am

Energy

SNGPL seeks hike in its average prescribed price

ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) filed a petition before the Oil and Gas Regulatory Authority...

Published 29 Oct, 2024 03:27am

Commodities

Soybeans, corn and wheat fall on better supply outlook

SINGAPORE/HAMBURG: Chicago soybeans and corn fell again on Monday as pressure from mounting supplies including an...

Published 29 Oct, 2024 03:27am

Commodities

Japanese rubber futures lower

SINGAPORE: Japanese rubber futures recorded their fourth consecutive session of losses on Monday, weighed down by...

Published 29 Oct, 2024 03:27am

Commodities

Gold retreats as investors await US economic data

NEW YORK: Gold prices eased on Monday, weighed down by a firmer dollar and higher Treasury yields while traders ...

Published 29 Oct, 2024 03:27am

Commodities

Russian wheat export prices stop rising as weather improves

MOSCOW: Russian wheat export prices have stopped rising as weather conditions both globally and in Russia’s main...

Published 29 Oct, 2024 03:27am

Commodities

Malaysian palm oil trades sideways

KUALA LUMPUR: Malaysian palm oil futures traded sideways on Monday, as technical buying and a weaker ringgit limited...

Published 29 Oct, 2024 03:27am

Commodities

Copper prices slip

LONDON: Copper prices retreated on Monday as Chinese data suggesting poor demand prospects added to disappointment...

Published 29 Oct, 2024 03:27am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (October 28, 2024)...

Published 29 Oct, 2024 03:27am

Cotton & Textile

Leading mills sideline on lack of fresh leads

LAHORE: The local cotton market on Monday remained easy and the trading volume remained satisfactory. Cotton ...

Published 29 Oct, 2024 03:27am

Commodities

Dalian iron ore jumps on fresh China stimulus

SINGAPORE: Prices of Dalian iron ore futures spiked on Monday to their highest in more than a week, as a batch of...

Published 29 Oct, 2024 03:27am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 29.224 billion...

Published 29 Oct, 2024 03:27am

Forex

Open market rates of foreign currencies

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

Published 29 Oct, 2024 03:27am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (October 28, 2024). ======================== Open Bid ...

Published 29 Oct, 2024 03:27am

Q1 profits, dividends’ repatriation surges 85pc

KARACHI: The repatriation of profits and dividends from foreign investments in Pakistan experienced a remarkable...

Updated 29 Oct, 2024 12:15pm

DP World exploring investment opportunities

ISLAMABAD: A high-level delegation from DP World, a renowned Dubai-based firm, visited the Special Investment...

Updated 29 Oct, 2024 09:21am

Oil falls 6pc on reduced risk of wider ME war

HOUSTON: Oil prices tumbled 6% on Monday, or more than $4 a barrel, after Saturday’s retaliatory strike by Israel...

Published 29 Oct, 2024 03:27am

Increase in rates of POL products likely

ISLAMABAD: Despite a recent global decline in oil prices, Pakistan is set to witness a hike in petrol and high-speed...

Published 29 Oct, 2024 03:27am

The maturing of BRICS

EDITORIAL: Russian President Vladimir Putin was able to defy western expectations and gather leaders from 36...

Published 29 Oct, 2024 03:27am

Our cities becoming least livable

EDITORIAL: The Asian Development Bank in its Pakistan National Urban Assessment report has argued that livability in...

Published 29 Oct, 2024 03:27am

Money & Banking

China’s yuan down against dollar

SHANGHAI: China’s yuan weakened on Monday to a more than two-month low against the dollar, underpinned by signs of...

Published 29 Oct, 2024 03:27am

Money & Banking

Yen under pressure after Japan election

NEW YORK: The yen hit three-month lows against the dollar on Monday, as Japan’s ruling coalition’s election loss...

Published 29 Oct, 2024 03:27am

Money & Banking

Asian currencies: Indonesian rupiah, ringgit fall

BENGALURU: The Indonesian rupiah and Malaysian ringgit fell to multi-week lows among subdued Asian currencies on...

Published 29 Oct, 2024 03:27am

ADB country director calls on Chairman FBR

ISLAMABAD: The Country Director Asian Development Bank (ADB) Emma Fan called on Chairman FBR Rashid Mahmood Lagrial...

Published 29 Oct, 2024 03:27am

Industry

FPCCI chief apprises FSP delegation about economic challenges

KARACHI: Atif Ikram Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has apprised...

Published 29 Oct, 2024 03:27am

PNSC earns Rs20.18bn PAT in FY23-24

KARACHI: The National Flag Carrier, Pakistan National Shipping Corporation (PNSC), convened its 46th Annual General...

Published 29 Oct, 2024 03:27am

Money & Banking

Bank Alfalah launching revamped Alfa App today

KARACHI: Pakistani banks are significantly investing in digitalization to transform banking accessibility and ...

Published 29 Oct, 2024 03:27am

Annual revenue of NHA doubled, says Aleem

ISLAMABAD: Annual revenue of the National Highways Authority (NHA) has increased by 100 percent from Rs64 billion to...

Published 29 Oct, 2024 03:27am

Companies

ABHI partners with FlowHCM to offer EWA to employees

KARACHI: ABHI has partnered with FlowHCM to offer employees of mutual clients a comprehensive suite of financial...

Published 29 Oct, 2024 03:27am

Taxes

Reactivation of SIMs of non-filers: FTO directs FBR to issue SOP for guidance

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to instruct Member-IR...

Published 29 Oct, 2024 03:27am

Industry

DRAP for importing only registered/enlisted drugs

ISLAMABAD: The Drug Regulatory Authority of Pakistan (DRAP) following detection of serious adverse implications ...

Published 29 Oct, 2024 03:27am

Pakistan-Russia trade sees 50pc hike last year: Matviyenko

ISLAMABAD: The annual bilateral trade between Pakistan and Russia saw more than 50 percent increase last year,...

Published 29 Oct, 2024 03:27am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	155.66
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
Nasdaq / Jan 21	19,756.78
Dow Jones / Jan 21	44,025.81
India Sensex / Jan 22	76,197.90
Tokyo Nikkei / Jan 22	39,646.25
Hang Seng / Jan 22	19,778.77
FTSE 100 / Jan 22	8,579.82
Germany DAX 30 / Jan 22	21,258.81

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Crude Oil USD/Barrel / Jan 22	75.52
Gold Spot USD/Ounce / Jan 22	2,751.94
Cotton US¢/pound / Jan 22	67.34
Petrol/Litre / Jan 23	256.13

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.49 ▲ 0.96 (10.07%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	24.29 ▲ 2.21 (10.01%)
Pak Elektron (Pref) / Jan 22 Pak Elektron Limited (Preference)(PELPS)	14.94 ▲ 1.36 (10.01%)
Ashfaq Textile / Jan 22 Ashfaq Textile Mills Limited(ASHT)	15.51 ▲ 1.41 (10.00%)
Crescent Cotton / Jan 22 Crescent Cotton Mills Limited(CCM)	54.45 ▲ 4.95 (10.00%)
Fecto Cement / Jan 22 Fecto Cement Limited(FECTC)	116.40 ▲ 10.58 (10.00%)
Fateh Sports / Jan 22 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10.00%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.30 ▼ -0.70 (-11.67%)
Nagina Cot. / Jan 22 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Zahid Jee Textile / Jan 22 Zahidjee Textile Mills Limited(ZAHID)	27.21 ▼ -3.00 (-9.93%)
Gulistan Sp. / Jan 22 Gulistan Spinning Mills Limited(GUSM)	11.58 ▼ -1.26 (-9.81%)
TPL Life Insur. / Jan 22 TPL Life Insurance Limited(TPLL)	51 ▼ -5.50 (-9.73%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.05 ▼ -5.27 (-9.70%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	55.98 ▼ -5.92 (-9.56%)
Mari Energies / Jan 22 Mari Energies Limited(MARI)	598 ▼ -61.53 (-9.33%)
Hala Enterprise / Jan 22 Hala Enterprises Limited(HAEL)	12.10 ▼ -1.21 (-9.09%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.04
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	99,158,485 ▼ -0.07
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	83,500,175 ▲ 3.03
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.02
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.23
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.08
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 1.04
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.10
Fauji Foods Ltd / Jan 22 Fauji Foods Limited(FFL)	18,601,390 ▼ -0.41

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