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

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

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

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

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

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

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

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

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

Rates

LME official prices

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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
FTSE 100 / May 5	8,596.35
Dow Jones / May 5	41,218.83
Germany DAX 30 / May 5	23,344.54
France CAC40 / May 5	7,727.93
India Sensex / May 6	80,548.72
Hang Seng / May 6	22,677.57

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
UDL International / May 6 UDL International Limited(UDLI)	7.85 ▲ 0.85 (12.14%)
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%)
Gulistan Sp. / May 6 Gulistan Spinning Mills Limited(GUSM)	8.55 ▲ 0.8 (10.32%)
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%)
S.S.Oil / May 6 S.S.Oil Mills Limited(SSOM)	559.65 ▲ 50.88 (10%)
Khyber Textile / May 6 Khyber Textile Mills Limited(KHYT)	552.13 ▲ 50.19 (10%)
Sunrays Textile / May 6 Sunrays Textile Mills Limited(SUTM)	196.16 ▲ 17.83 (10%)
PIA Holding Co.B / May 6 PIA Holding Company Limited B(PIAHCLB)	5,811.59 ▲ 528.33 (10%)

Stock	Price
Reliance Ins. / May 6 Reliance Insurance Company Limited(RICL)	10.80 ▼ -6 (-35.71%)
Tariq Corp.Pref. / May 6 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
At-Tahur Ltd. / May 6 At-Tahur Limited(PREMA)	58.40 ▼ -6.49 (-10%)
Blue-Ex Ltd / May 6 Blue-Ex Limited (GEM)(GEMBLUEX)	33 ▼ -3.5 (-9.59%)
Apna Microfin. / May 6 Apna Microfinance Bank Limited(AMBL)	10.01 ▼ -0.94 (-8.58%)
Tri-Star Mutual / May 6 Tri-Star Mutual Fund Limited(TSMF)	8.27 ▼ -0.7 (-7.8%)
Suhail Jute / May 6 Suhail Jute Mills Limited(SUHJ)	80 ▼ -6.6 (-7.62%)
Paramount Mod / May 6 First Paramount Modaraba(FPRM)	7.65 ▼ -0.6 (-7.27%)
Ideal Spinning / May 6 Ideal Spinning Mills Limited(IDSM)	12.01 ▼ -0.89 (-6.9%)
Javedan Corp. / May 6 Javedan Corporation Limited(JVDC)	57.50 ▼ -3.96 (-6.44%)

Stock	Volume
K-Electric Ltd. / May 6 K-Electric Limited(KEL)	21,951,796 ▲ 0.23
At-Tahur Ltd. / May 6 At-Tahur Limited(PREMA)	15,187,147 ▼ -6.49
Dewan Cement / May 6 Dewan Cement Limited(DCL)	13,611,199 ▲ 0.38
Maple Leaf Cement / May 6 Maple Leaf Cement Factory Limited(MLCF)	9,141,655 ▲ 0.1
D.G.K.Cement / May 6 D.G. Khan Cement Company Limited(DGKC)	6,159,957 ▼ -0.81
Power Cement / May 6 Power Cement Limited(POWER)	5,501,425 ▼ -0.25
Sui South Gas / May 6 Sui Southern Gas Company Limited(SSGC)	4,614,267 ▼ -1.03
Kohinoor Spining / May 6 Kohinoor Spinning Mills Limited(KOSM)	4,408,515 ▲ 0.4
Fauji Cement / May 6 Fauji Cement Company Limited(FCCL)	4,061,853 ▲ 0.1
Pak Int.Bulk / May 6 Pakistan International Bulk Terminal(PIBTL)	3,983,177 ▲ 0.32

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