News Archives for Print - 2024-11-15

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Print - 2024-11-15

Commodities

Local gold prices plummet

KARACHI: The local gold prices plummeted on Thursday, mirroring the global market slump, traders said. Gold prices...

Published 15 Nov, 2024 07:43am

Minister orders action against corrupt officials in NHA

ISLAMABAD: Adopting a zero tolerance policy in the National Highways Authority (NHA), Federal Minister for...

Published 15 Nov, 2024 07:42am

Toshakhana-I case: NAB urges IHC to nullify sentences to IK, Bushra

ISLAMABAD: The National Accountability Bureau (NAB) on Thursday requested the Islamabad High Court (IHC) to nullify...

Published 15 Nov, 2024 07:40am

Industry

Pakistan’s climate challenges: OICCI highlights critical role of private sector at COP29

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) underscored the essential role of...

Published 15 Nov, 2024 07:34am

PHC grants transit bail to Gandapur for three weeks

PESHAWAR: The Peshawar High Court (PHC) on Thursday granted transit bail for three weeks to Chief Minister Ali Amin...

Published 15 Nov, 2024 07:32am

PM urges nation to offer Salat-Al-Istisqa

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday called upon the nation to offer Salat-Al-Istisqa or prayer for...

Published 15 Nov, 2024 07:32am

Prisoner of Adiala Jail dreams of bloody revolution: Azma

LAHORE: Punjab Information Minister Azma Bokhari has said that the prisoner of Adiala Jail is dreaming of a bloody...

Published 15 Nov, 2024 07:30am

PTI’s Faisal Javed Khan acquitted

ISLAMABAD: A local court on Thursday acquitted Pakistan Tehreek-e-Insaf (PTI) leader Faisal Javed Khan from a case...

Published 15 Nov, 2024 07:28am

Regulatory reforms: Public-private dialogue in key agricultural markets held

ISLAMABAD: Following the directives of the Prime Minister, the Public-Private Dialogue on Regulatory Reforms in Key...

Published 15 Nov, 2024 07:27am

Energy

Reon Energy, FrieslandCampina Engro sign solar partnership

KARACHI: FrieslandCampina Engro Pakistan Limited, a leader in Pakistan’s dairy industry, has announced a 3.4MW...

Published 15 Nov, 2024 07:25am

Development projects in Islamabad: Review meeting held to assess progress

ISLAMABAD: Capital Development Authority (CDA) Chairman Muhammad Ali Randhawa led a review meeting on Thursday to...

Published 15 Nov, 2024 07:25am

Industry

SBP holds ‘Islamic Banking’ seminar at HCSTSI Secretariat

HYDERABAD: President of Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Muhammad Saleem Memon...

Published 15 Nov, 2024 07:24am

SECP notifies Regulations for securities managers

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has allowed eligible securities brokers to...

Published 15 Nov, 2024 07:23am

Private healthcare facilities: Senate body for setting price benchmark for lab tests

ISLAMABAD: The Senate Standing Committee on National Health Services, Regulations, and Coordination (NHSRC) called ...

Published 15 Nov, 2024 07:20am

Suicide bomber failed to target police van in Charsadda

PESHAWAR: A suicide bomber in Akhun Dheri area of district Charsadda on Thursday failed to hit his intended target, ...

Published 15 Nov, 2024 07:19am

Companies

Group’s portfolio: VEON chief recognizes JazzCash as ‘crown jewel’

KARACHI: VEON Group’s Chairman and Founder Augie K Fabela II, recognized JazzCash as the "crown jewel" in their...

Published 15 Nov, 2024 07:15am

Stocks

Gulf bourses end mixed with focus on Fed

DUBAI: Stock markets in the Gulf ended mixed on Thursday as investors assessed the monetary policy and inflation...

Published 15 Nov, 2024 07:11am

Stocks

China, HK stocks dip as property incentives underwhelm

HONG KONG: Stocks in China and Hong Kong slid on Thursday, after Beijing’s latest measures to revive the ...

Published 15 Nov, 2024 07:10am

Stocks

STOXX 600 jumps as energy and tech lead the charge

FRANKFURT: Europe’s STOXX 600 bounced back with a 1% gain, driven by strong performances in the energy and...

Published 15 Nov, 2024 07:09am

Stocks

Wall St little changed after in-line monthly producer prices

NEW YORK: Wall Street’s main indexes were subdued on Thursday after monthly producer prices rose as expected, with...

Published 15 Nov, 2024 07:07am

Stocks

Sri Lankan shares end higher

COLOMBO: Sri Lankan shares closed higher for a sixth straight session on Thursday, aided by gains in information...

Published 15 Nov, 2024 07:05am

Money & Banking

Dollar extends advance on Trump trade momentum

NEW YORK: The US dollar extended its recent advance against major peers on Thursday, trading at a one-year high and...

Published 15 Nov, 2024 07:05am

Money & Banking

China’s yuan falls to 3-month low

SHANGHAI: China’s yuan fell to its lowest level against the US dollar in more than three months on Thursday, as...

Published 15 Nov, 2024 06:58am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 27.175...

Published 15 Nov, 2024 06:58am

Commodities

Japanese rubber futures firm

SINGAPORE: Japanese rubber futures held steady on Thursday, hovering around a near three-month low, as traders...

Published 15 Nov, 2024 06:56am

Commodities

Iron ore retreats on firmer supply

SINGAPORE: Iron ore futures prices retreated on Thursday as supply of the key steelmaking ingredient remained firm...

Published 15 Nov, 2024 06:55am

Cotton & Textile

Lean business on cotton market

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

Published 15 Nov, 2024 06:54am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (November 14, 2024)...

Published 15 Nov, 2024 06:52am

Grain

Asia rice: Demand concerns weigh on Vietnam rates

BENGALURU, MUMBAI, HANOI, BANGKOK AND BANGLADESH: Vietnam’s rice export prices dipped to their lowest in more than...

Published 15 Nov, 2024 06:50am

Commodities

Asia coffee: Prices pick up in Vietnam, supplies dwindle in Indonesia

HANOI/BANDAR LAMPUNG, (Indonesia): Domestic coffee prices in Vietnam edged up this week following an increase in...

Published 15 Nov, 2024 06:48am

Energy

Oil prices largely steady

LONDON: Oil prices were largely steady on Thursday, with traders holding fire after declines earlier this week on a...

Published 15 Nov, 2024 06:47am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 138,550 tons of cargo comprising 74,754 tonnes of import cargo and 63,796...

Published 15 Nov, 2024 06:43am

Commodities

Copper prices fall to attract consumers buying

LONDON: Copper prices continued to fall for their fifth consecutive session on Thursday to their three-month low on...

Published 15 Nov, 2024 06:42am

Companies

Samba Bank Limited: BAFL withdraws PAI to acquire SNB shareholding

KARACHI: Bank Alfalah Limited (BAFL) has withdrawn its public announcement of intention (PAI) to acquire 84.51...

Published 15 Nov, 2024 06:40am

Major among two martyred in Harnai

ISLAMABAD: Two soldiers, including an army officer, were martyred during a military operation in Balochistan’s...

Published 15 Nov, 2024 06:39am

Europe

VAT fraud ring broken in Europe, 520m euros seized

ROME: Investigators have broken up a mafia-linked crime ring carrying out VAT fraud in Europe, issuing around 40...

Published 15 Nov, 2024 06:36am

Europe

EU fines Meta $840m for ‘abusive’ Facebook ad practices

BRUSSELS: The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by ...

Published 15 Nov, 2024 06:32am

Trump fills out cabinet as divisive picks shock Washington

WASHINGTON: All eyes were on Donald Trump’s transition team Thursday, after a series of provocative and startling...

Published 15 Nov, 2024 06:20am

COP29 climate talks grapple with trillion-dollar task

BAKU: Developing countries need at least $1 trillion per year by the end of the decade to cope with climate change,...

Published 15 Nov, 2024 06:20am

The Weather

KARACHI: The weather report on Thursday (November 14, 2024) and the forecast for Friday (November 15, 2024)...

Published 15 Nov, 2024 06:20am

South Asia

India’s toxic smog hides Taj Mahal, delays flights

NEW DELHI: Toxic smog obscured India’s famed monument to love, the Taj Mahal, as well as Sikhism’s holiest...

Published 15 Nov, 2024 06:20am

Asia

Xi arrives in Lima for APEC, to open Pacific megaport

LIMA: Chinese President Xi Jinping will arrive in Lima on Thursday, kicking off a week-long diplomatic blitz in ...

Published 15 Nov, 2024 06:20am

Party and its leadership: PTI demands judicial inquiry into heavy-handed suppression

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) has demanded judicial inquiry by chief justice of Pakistan, along with the...

Published 15 Nov, 2024 06:20am

NA body meeting adjourned due to lack of quorum

ISLAMABAD: The meeting of the National Assembly Standing Committee on Information Technology and Telecommunication...

Published 15 Nov, 2024 06:20am

Zamir Kabulov pays a day-long visit

ISLAMABAD: The Special Representative of the President of the Russian Federation on Afghanistan, Ambassador Zamir...

Published 15 Nov, 2024 06:20am

Intra-party elections case: PTI’s plea seeking more time to submit record allowed by ECP

ISLAMABAD: The electoral entity has accepted the PTI’s request to be given more time till next month, for...

Published 15 Nov, 2024 06:20am

Bail pleas of IK, spouse rejected; indictment on 18th

RAWALPINDI: A special court on Thursday rejected Pakistan Tehrik-e-Insaf (PTI) founding chairman Imran Khan and his...

Published 15 Nov, 2024 06:20am

Ahsan encourages media to ‘expand coverage beyond politics’

ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal encouraged Pakistani ...

Published 15 Nov, 2024 06:20am

Huge quantity of smuggled Iranian diesel seized

KARACHI: Collectorate of Customs Enforcement on Thursday seized a substantial quantity of smuggled Iranian diesel...

Published 15 Nov, 2024 06:20am

LG bye-elections: PPP wins 8 seats in Karachi

Karachi: Pakistan People’s Party (PPP) won 8 seats while Jamaat-e-Islami candidates succeeded in winning 2 seats....

Published 15 Nov, 2024 06:20am

‘Cancer diagnosis’: Maryam rejects rumours

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has denied rumours about her health, categorically stating that ...

Published 15 Nov, 2024 06:20am

Siddique Sheikh takes oath as member of PPSC

LAHORE: Muhammad Siddique Sheikh has been sworn in as a member of the Punjab Public Service Commission (PPSC). The...

Published 15 Nov, 2024 06:20am

World Diabetes Day-2024 marked: ‘CM’s Insulin Programme’ being launched across Punjab

LAHORE: Like other parts of the globe, ‘The World Diabetes Day-2024’ was marked here on Thursday with a resolve...

Published 15 Nov, 2024 06:20am

Media orientation on immunisation, introduction of HPV vaccines held

FAISALABAD: To enhance the knowledge base of media personnel regarding Expanded Programme on Immunization (EPI) in...

Published 15 Nov, 2024 06:20am

Traffic problems resolved to a greater extent: Sindh govt to acquire Green Line bus service by Dec-end: Sharjeel

KARACHI: Sindh Senior Minister Sharjeel Inam Memon stated that the Sindh government is actively working to address...

Published 15 Nov, 2024 06:20am

CJCSC meets Qatar’s deputy PM, chief of staff

RAWALPINDI: Chairman Joint Chiefs of Staff Committee (CJCSC) General Sahir Shamshad Mirza held separate meetings ...

Published 15 Nov, 2024 06:20am

Judicial efficiency, transparency: CJP invites universities to contribute expertise

ISLAMABAD: Chief Justice of Pakistan (CJP) Justice Yahya Afridi acknowledged the invaluable role of academia, and...

Published 15 Nov, 2024 06:20am

Committed to empowering deserving families: BISP Secy

ISLAMABAD: Benazir Income Support Programme (BISP) Secretary Amer Ali Ahmad has expressed commitment to the economic...

Published 15 Nov, 2024 06:20am

Europe

EU funds joint weapons procurement for first time

BRUSSELS: The European Union said on Thursday it has for the first time funded member states’ joint procurement of...

Published 15 Nov, 2024 06:20am

Rates

LME official prices

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

Published 15 Nov, 2024 06:20am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (November 14, 2024) . =======================================...

Published 15 Nov, 2024 06:20am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 14, 2024) ....

Published 15 Nov, 2024 06:20am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (November 14, 2024) . ====================================...

Published 15 Nov, 2024 06:20am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (November 14, 2024). ========================== KIBOR...

Published 15 Nov, 2024 06:20am

Decentralising power: a provincial pathway for Pakistan’s energy future

Pakistan’s energy sector is at a crossroads, with a decades-long struggle to privatise its Distribution Companies...

Updated 15 Nov, 2024 08:16am

Letters

KP govt again seeks to participate in PIA bidding

In a seemingly unsavory development, the Khyber Pakhtunkhwa (KP) government has written another letter to Minister...

Published 15 Nov, 2024 06:20am

Existential threats, and need for 10-year economic, environmental, and epidemiological plan

The federal minister for planning and development, Ahsan Iqbal, reportedly indicated that the Prime Minister will...

Updated 21 Nov, 2024 04:13pm

Countering sales tax frauds

Globally, tax crimes have always been a significant threat to economic stability and governance. These offences that...

Updated 15 Nov, 2024 08:11am

PARTLY FACETIOUS: Raja Parvez Ashraf completed his term

“Two men who hate each other, Biden and Trump, met up.” “That’s tradition, isn’t it – the incoming and the outgoing...

Published 15 Nov, 2024 06:20am

Efforts intensified to close markets at 8pm

LAHORE: The Lahore district administration intensified its effort to implement the orders to close the markets at ...

Published 15 Nov, 2024 06:20am

Air pollution, smog issues: Experts call for preventive steps to save people from complications

LAHORE: Expressing serious concern over current wane of air pollution and smog, health professionals have called for...

Published 15 Nov, 2024 06:20am

First AI policy to be roll-out over next couple of months

ISLAMABAD: The Ministry of IT and Telecom announced Pakistan is set to roll-out its first artificial intelligence...

Published 15 Nov, 2024 06:20am

‘Pakistan contributes less than 0.5pc to global emissions’

ISLAMABAD: Federal Minister for Information, Broadcasting, National Heritage, and Culture Attaullah Tarar emphasised...

Published 15 Nov, 2024 06:20am

Unofficial results: JI ahead in LB by-polls

KARACHI: Jamaat-e-Islami (JI) is leading the local bodies by-elections, winning 6 out of the 10 contested seats on...

Published 15 Nov, 2024 06:20am

Woman held after performing Umrah with stolen gold

KARACHI: Police in Karachi on Thursday arrested a woman, who had stolen 20 tolas of gold from her neighbour’s home...

Updated 15 Nov, 2024 05:41pm

26th Constitutional Amendment: SCBA body disowns its secretary’s statement

ISLAMABAD: The Executive Committee of the Supreme Court Bar Association (SCBA) disowned the statement of its...

Updated 15 Nov, 2024 09:25am

Constitutional bench dismisses review plea against Isa

ISLAMABAD: The constitutional bench of the Supreme Court dismissed a review petition against the appointment of Qazi...

Updated 15 Nov, 2024 08:50am

Rates

Index hits new record high

KARACHI: Pakistan Stock Exchange on Thursday achieved another historic milestone and hit highest-ever level with...

Published 15 Nov, 2024 06:20am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (November 14, 2024)...

Published 15 Nov, 2024 06:20am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (November 14, 2024) ....

Published 15 Nov, 2024 06:20am

Forex

Dollar's rate in Interbank market

KARACHI: Interbank closing rates for dollar on Thursday (November 14, 2024) . ======================== Open ...

Published 15 Nov, 2024 06:20am

Forex

Open market rates of foreign currencies

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

Published 15 Nov, 2024 06:20am

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 15 Nov, 2024 06:20am

Panel informed: Unemployment rate stands at 6.3pc

ISLAMABAD: A parliamentary panel was informed on Thursday that the unemployment rate in the country stands at 6.3...

Published 15 Nov, 2024 06:20am

Battling smog

EDITORIAL: As record levels of air pollution blanket urban centres in Punjab with AQI readings much higher than the...

Published 15 Nov, 2024 06:20am

Investment versus deposit

EDITORIAL: Pakistan’s Advance to Deposit Ratio (ADR), defined as comparing banks total loans to total deposits...

Published 15 Nov, 2024 06:20am

Tax dept ‘fails’ to disallow input tax claim against UFG

LAHORE: The tax department has failed to disallow a major gas pipeline company’s input tax claim, citing that it...

Published 15 Nov, 2024 06:20am

‘China (Shandong)-Pak Economic & Trade Matchmaking Conference’ held

LAHORE: The Department of Commerce of Shandong Province (China) recently hosted the China (Shandong)-Pakistan...

Published 15 Nov, 2024 06:20am

Bilawal hits out at govt over ‘shutdown of VPN’

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto has flayed government over shutdown of VPN and...

Updated 15 Nov, 2024 02:55pm

‘China seeking joint security mechanism’: FO assails, rejects impression

ISLAMABAD: Pakistan has rejected the impression that Beijing is pursuing Islamabad on joint security mechanism to...

Published 15 Nov, 2024 06:20am

Appeal system becomes dysfunctional: Uncertainty surrounds Rs2.7trn tax litigations: PTBA

Taxes

Will reduce tax burden on salaried class and withdraw tax on milk if FBR is able to recover Rs 300 billion to Rs 350 billion of tax evasion from non-duty paid and smuggled cigarettes

Updated 15 Nov, 2024 02:55pm

TDAP backs Reap’s rice export expansion plan

KARACHI: Trade Development Authority of Pakistan (TDAP) has assured to facilitate rice traders to strengthen the ...

Published 15 Nov, 2024 06:20am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 10	252.63
Diesel/Litre / May 10	256.64

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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