News Archives for Print - 2024-11-16

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Print - 2024-11-16

Industry

16 of 29 MoI&P entities being examined for closure, Senate panel told

ISLAMABAD: A parliamentary panel was informed on Friday that out of a total 29 institutions affiliated with Ministry...

Published 16 Nov, 2024 08:01am

Possible terror attacks: security beefed up in Capital

ISLAMABAD: Following intelligence reports of possible terror attacks, in the twin cities of Islamabad and ...

Published 16 Nov, 2024 07:59am

Bilawal hails party’s success in LG polls in Sindh

ISLAMABAD: Chairman Pakistan Peoples’ Party (PPP) Bilawal Bhutto Zardari has expressed his gratitude and...

Published 16 Nov, 2024 07:57am

HIV infection at Nishter Hospital: Body formed to investigate

LAHORE: On the instructions of provincial Health Minister Khawaja Salman Rafique, Secretary Health Punjab appointed ...

Published 16 Nov, 2024 07:51am

Taxes

Cut wood from trees declared exempted from sales tax

LAHORE: In a significant setback to the sales tax department, a recent tribunal ruling has declared that cut wood...

Published 16 Nov, 2024 07:50am

Fighting smoking: Country urged to follow Sweden model

ISLAMABAD: The Initiative on Risk-Reduction and Dependable Alternatives (IRRDA) has urged Pakistan to take...

Published 16 Nov, 2024 07:47am

Healthcare in Tharparkar: SIEHS, TF ink MoU

KARACHI: The Sindh Integrated Emergency & Health Services (SIEHS) and Thar Foundation (TF) have signed a...

Published 16 Nov, 2024 07:44am

IK denies reports of Bushra’s joining politics

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan on Friday said that his wife Bushra Bibi...

Published 16 Nov, 2024 07:41am

LDA seals 92 properties

LAHORE: In several operations against the defaulters of commercial fees and illegal commercial buildings, the Lahore...

Published 16 Nov, 2024 07:36am

Energy

PHMA for charging power bill rates on basis of total consumption

LAHORE: Central Chairman of Pakistan Hardware Merchants Association Sardar Usman Ghani Central Chairman in a...

Published 16 Nov, 2024 07:32am

Industry

KPT Board acting chairman: PIAF greets Saigol for assuming charge

LAHORE: The Pakistan Industrial & Traders Associations Front (PIAF) leadership has greeted its Chairman Faheemur...

Published 16 Nov, 2024 07:29am

Taxes

‘Recent tax shortfall should be addressed without imposing additional burdens’

LAHORE: “In light of the tremendous challenges faced by our citizens, who have endured a staggering 60% inflation...

Published 16 Nov, 2024 07:26am

Industry

SECP warns against fraudulent trading platform ‘IBKR’

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has identified another illegal trading platform...

Published 16 Nov, 2024 07:25am

FBR limits role of DGI&I (Customs)

ISLAMABAD: The Federal Board of Revenue (FBR) has limited the role and functions of Directorate General of...

Published 16 Nov, 2024 07:20am

Industry

Value-addition, diversification: APTMA secures Jam’s support to boost exports

ISLAMABAD: Federal Minister for Commerce, Jam Kamal Khan has assured the delegation of All Pakistan Textile Mills...

Published 16 Nov, 2024 07:17am

Statistics

Jul-Oct textile group exports up 10.44pc

ISLAMABAD: The country’s textile group exports increased by 10.44 per cent in first four months (July-October) of...

Published 16 Nov, 2024 06:58am

Statistics

Jul-Sept LSM sector shows growth of -0.76pc

ISLAMABAD: The Overall Large Scale Manufacturing (LSM) sector has shown a growth of -0.76 per cent during the first...

Published 16 Nov, 2024 06:54am

ICC Champions Trophy: US urges sports diplomacy between Pakistan, India

WASHINGTON: US State Department Deputy Spokesperson Vedant Patel on Friday encouraged sports diplomacy between...

Published 16 Nov, 2024 06:52am

Stocks

PSX announces list of award recipients for 2023

KARACHI: Pakistan Stock Exchange (PSX) has announced the list of Top 25 Companies Awards recipients for the year...

Published 16 Nov, 2024 06:49am

People in smog-shrouded Punjab pray for rain

LAHORE: Punjab province declared a health emergency due to toxic smog on Friday, banning construction, shutting...

Published 16 Nov, 2024 06:47am

Statistics

Week ended Nov 14: SPI inflation up 4.16pc YoY: PBS

ISLAMABAD: Pakistan Bureau of Statistics (PBS) has claimed that Sensitive Price Index-based inflation for the week...

Published 16 Nov, 2024 06:45am

DGTO declares election of central chairman PSMA ‘null and void’

ISLAMABAD: The Directorate General of Trade Organisations (DGTO) has declared the election of Central Chairman,...

Updated 16 Nov, 2024 09:28am

CJP for improving criminal justice system through reforms

ISLAMABAD: Chief Justice of Pakistan/ Chairman National Judicial Automation Committee Yahya Afridi expressed his ...

Published 16 Nov, 2024 06:04am

Barrister Haya receives ‘Pro Bono Publico Award’

KARACHI: The PILNET 2024 Global Awards ceremony was held here. Sindh Law Secretary Ali Ahmed Baloch also attended ...

Published 16 Nov, 2024 06:04am

The Weather

KARACHI: The weather report on Friday (November 15, 2024) and the forecast for Saturday (November 16, 2024)...

Published 16 Nov, 2024 06:04am

Baba Guru Nanak’s birth anniversary marked: Sikh pilgrims perform religious rites

LAHORE: The main ceremony of Baba Guru Nanak’s birth anniversary was held at Gurdwara Janmashtham Nankana Sahib, ...

Published 16 Nov, 2024 06:04am

Punjab govt set to achieve Rs680bn surplus by year-end: Azma

LAHORE: By the end of this year, the Punjab government will have a surplus of Rs680 billion. The IMF has ...

Published 16 Nov, 2024 06:04am

PDWP approves four uplift schemes

LAHORE: The Punjab government has approved four development schemes relating to water, smog and education worth Rs...

Published 16 Nov, 2024 06:04am

PARTLY FACETIOUS: The profundity of a uniform

“I tire easily, suffer from bone and joint pain, excessive urination…” “It could be the smog in Punjab –...

Updated 16 Nov, 2024 08:27am

Punjab extends closure of schools by week

LAHORE: Country’s most populated province of Punjab on Friday extended school closures in smog-hit major cities by...

Published 16 Nov, 2024 06:04am

LG by-polls: JI stages sit-in against results

KARACHI: Jamaat-e-Islami on Friday staged a protest sit-in against the “fraudulent” results of the local...

Published 16 Nov, 2024 06:04am

Belarusian President set to visit Pakistan very soon

ISLAMABAD: Belarusian President Alexander Lukashenko is set to visit Pakistan in last week of this month, aiming to...

Published 16 Nov, 2024 06:04am

Third Int’l Nursing Research Conference inaugurated by VC LUMHS

HYDERABAD: The Third International Nursing Research Conference with the theme “Our Health Our Right, Emerging...

Published 16 Nov, 2024 06:04am

IRADA urges Pakistan to follow in footsteps of Sweden to achieve ‘smoke-free’ status

ISLAMABAD: IRADA Pakistan (The Initiative on Risk-Reduction and Dependable Alternatives) on Friday urged Pakistan to...

Published 16 Nov, 2024 06:04am

SPHF completes construction of 0.3m houses

KARACHI: The Sindh People’s Housing Foundation has completed the construction of more than 300,000 houses, the...

Published 16 Nov, 2024 06:04am

Harnessing rice crop residues for agricultural and environmental prosperity

Rice is vital for Pakistan and India due to its role as a staple food, contributing to food security for millions....

Updated 16 Nov, 2024 08:09am

Saudi NDU team visits NUST

ISLAMABAD: A fifteen-member delegation of NDU KSA, led by Commandant War College, Major General Badar Bin Muneef...

Published 16 Nov, 2024 06:04am

Competition-related cases: CCP requests minister to set up specialised bench in SC

ISLAMABAD: The Competition Commission of Pakistan (CCP) has requested Federal Minister for Law and Justice, Azam...

Published 16 Nov, 2024 06:04am

Zamurd Khan inaugurates 100th draw of Rs1500 prize bonds

RAWALPINDI: The State Bank of Pakistan (SBP) successfully hosted the landmark 100th draw of Rs 1500 prize bonds, ...

Published 16 Nov, 2024 06:04am

Letters

Failure of Democrats and victory of Trump

Being in the field a month prior to the elections, going door to door and meeting a diverse range of people—from...

Published 16 Nov, 2024 06:04am

Preparing for smog

In the early days of Pakistan, we did not have the luxury of Sui gas. I still remember my mother cooking on coals ...

Updated 16 Nov, 2024 08:20am

SAARC is no longer relevant

That SAARC (South Asian Association for Regional Cooperation) has been facing since 2016 a situation in which any...

Updated 16 Nov, 2024 08:19am

Senate panel discusses development budget of AJK, Gilgit-Baltistan

ISLAMABAD: Senate Standing Committee on Kashmir Affairs and Gilgit-Baltistan was informed that every year Azad Jammu...

Published 16 Nov, 2024 06:04am

Council of Islamic Ideology declares VPNs usage ‘un-Islamic’

ISLAMABAD: The Council of Islamic Ideology (CII) Chairman, Dr Raghib Hussain Naeemi, has declared the use of VPNs ...

Published 16 Nov, 2024 06:04am

Western borders security at optimal level: COAS

ISLAMABAD: Chief of Army Staff General Syed Asim Munir, on Friday, said Pakistan has implemented a comprehensive...

Published 16 Nov, 2024 06:04am

Q1 figures revised: MoF posts Rs360bn cumulative provincial surplus

ISLAMABAD: The Ministry of Finance has revised the fiscal operations’ figures for the first quarter (Q1) of the...

Updated 16 Nov, 2024 09:29am

Wheat procurement: Body formed to prepare plan as per IMF terms

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a committee headed by Finance Minister Muhammad Aurangzeb...

Updated 16 Nov, 2024 03:03pm

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (November 15, 2024) ....

Published 16 Nov, 2024 06:04am

Forex

Dollar's rate in Interbank market

KARACHI: Interbank closing rates for dollar on Friday (November 15, 2024) . ======================== Open Bid...

Published 16 Nov, 2024 06:04am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (November 15, 2024) . ==================================== BR...

Published 16 Nov, 2024 06:04am

Forex

Open market rates of foreign currencies

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

Published 16 Nov, 2024 06:04am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (November 15, 2024). ========================== KIBOR...

Published 16 Nov, 2024 06:04am

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 16 Nov, 2024 06:04am

Stocks

Nikkei snaps 3-day slide as automakers, banks gain

TOKYO: Japan’s Nikkei share average snapped a three-session slide on Friday, as a weaker yen lifted automakers and...

Published 16 Nov, 2024 06:04am

Stocks

China stocks log biggest weekly loss as data disappoints

HONG KONG: Chinese stocks had their biggest weekly loss since July, while Hong Kong shares erased early gains to end...

Published 16 Nov, 2024 06:04am

Stocks

European shares end lower on US rate, Trump jitters

FRANKFURT: European shares slipped on Friday, weighed down by disappointing earnings, concerns about the impact of ...

Published 16 Nov, 2024 06:04am

Stocks

Wall St tumbles after Powell urges caution on rate cuts

NEW YORK: The Nasdaq and the S&P 500 were set for their worst session in over two weeks on Friday, after ...

Published 16 Nov, 2024 06:04am

Commodities

Gold prices recover

KARACHI: The international uptrend drove the local gold prices to a sizeable recovery on Friday, as bullion value...

Published 16 Nov, 2024 06:04am

IMF-govt talks conclude

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) on Friday concluded the five-day talks with a...

Updated 16 Nov, 2024 03:04pm

Rates

Record-breaking streak intact

KARACHI: Pakistan Stock Exchange continued it record-breaking trend and hit historic and new highest-ever level on...

Published 16 Nov, 2024 06:04am

Internet services suspended in parts of Balochistan: Ministry seeks countrywide VPNs blockage

ISLAMABAD: The Ministry of Interior has directed the Pakistan Telecommunication Authority (PTA) to block illegal...

Published 16 Nov, 2024 06:04am

Nepra warns Discos and KE: ‘Resolve overbilling issue or face legal action’

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has warned Discos and K-Electric to resolve...

Updated 16 Nov, 2024 03:05pm

CDWP approves 3 projects worth Rs58.85bn

ISLAMABAD: The Central Development Working Party (CDWP) approved three major development projects with a total cost...

Updated 16 Nov, 2024 03:06pm

Oct FCA: CPPA-G seeks Rs1.0159/unit negative adjustment

ISLAMABAD: The Central Power Purchasing Agency–Guaranteed (CPPA-G) has sought negative adjustment of Rs 1.0159 per...

Updated 16 Nov, 2024 03:04pm

Undisclosed foreign bank accounts, recovery of looted money: SC seeks reports from FBR and FIA

ISLAMABAD: The Supreme Court sought reports from the Federal Board of Revenue (FBR) and Federal Investigation Agency...

Updated 16 Nov, 2024 03:06pm

Income of banks: IHC restrains govt from collecting tax

ISLAMABAD: The Islamabad High Court (IHC) has restrained the government from collecting tax on income of banks....

Updated 16 Nov, 2024 09:02am

Cotton & Textile

Slow business on cotton market

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

Published 16 Nov, 2024 06:04am

Macro-fiscal forecasts for budget: IMF asks govt to strengthen capacity of FD

Notes that current organisation of the Finance Division is relatively fragmented and presents an obstacle to achieving a more strategic approach to budgeting

Updated 16 Nov, 2024 09:08pm

Money & Banking

Asian currencies take a breather after volatile week

BENGALURU: Asian currencies found some support on Friday after a volatile past few sessions, with the Singapore...

Published 16 Nov, 2024 06:04am

Money & Banking

Indian financial markets closed

MUBMAI: India’s currency, debt and equity markets will be closed on Friday, Nov. 15, for a public holiday. The...

Published 16 Nov, 2024 06:04am

Money & Banking

Dollar set for strong weekly rise

NEW YORK: The US dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed...

Published 16 Nov, 2024 06:04am

Industry

Marriage halls: LCCI to take up all issues with govt

LAHORE: “The Lahore Chamber of Commerce and Industry would take up all issues being faced by the marriage halls...

Published 16 Nov, 2024 06:04am

Industry

Solidarity expressed with owners of demolished industrial units

FAISALABAD: All Pakistan Textile Sizing Industry Association held a press conference under the title of “Industry...

Published 16 Nov, 2024 06:04am

SBP suspends authorization of EC

KARACHI: SBP has suspended the authorization of Exchange Company namely M/s Islamabad Exchange Co. (Pvt) Ltd. with...

Published 16 Nov, 2024 06:04am

Mian Zahid terms tax system ‘inefficient’

KARACHI: The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and...

Published 16 Nov, 2024 06:04am

PVMA urges govt to formulate ‘edible oil policy’

KARACHI: Sheikh Umer Rehan, Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), has called on the...

Published 16 Nov, 2024 06:04am

Petroleum imports grow 1.68pc in July-October

ISLAMABAD: Petroleum group imports witnessed 1.68 percent growth during the first four months (July-October) of the...

Published 16 Nov, 2024 06:04am

Confronting climate change at Baku

EDITORIAL: At the ongoing 29th Conference of the Parties (COP29) to the UN Framework Convention on Climate Change in...

Published 16 Nov, 2024 06:04am

Legal action against Discos?

EDITORIAL: How on earth is Nepra (National Electric Power Regulatory Authority), a public sector entity, going to...

Updated 16 Nov, 2024 08:17am

Energy

POL products’ prices remain unchanged

ISLAMABAD: Federal government on Friday announce to keep the prices of petrol and high speed diesel (HSD) unchanged...

Published 16 Nov, 2024 06:04am

CCoP reiterates divesting PIACL thru privatisation or G2G mode

ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) reiterated the resolve of the government to divest Pakistan...

Published 16 Nov, 2024 06:04am

Oil execs work COP29 as NGOs slam lobbyist presence

BAKU: Oil executives and lobbyists descended on COP29 in Baku for “energy day” Friday, as environmental groups...

Published 16 Nov, 2024 06:04am

Fragile countries make $20bn climate finance push at COP29

BAKU: A group of conflict-affected countries is pushing at COP29 to double financial aid to more than $20 billion a...

Published 16 Nov, 2024 06:04am

Supplementary grants: IMF seeks to limit govt discretion

ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to initiate legal changes, required to limit the...

Updated 16 Nov, 2024 09:08pm

Jazz partners with women’s cricket team members

LAHORE: Jazz, Pakistan’s leading digital operator, has partnered with the resilient stars of the national ...

Updated 16 Nov, 2024 07:39am

Technical, business skills programmes also must for youth: Ahsan

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that if we want to...

Updated 16 Nov, 2024 07:22am

26th amendment case: SHC seeks reply from Centre, Sindh

KARACHI: The Sindh High Court (SHC) directed the federal and Sindh governments on Friday to submit written replies ...

Updated 16 Nov, 2024 07:23am

Rashid acquitted in case of levelling allegations against Zardari

ISLAMABAD: A local court, on Friday, acquitted the chief of Pakistan Awami League (AML) Sheikh Rashid in a case of...

Updated 16 Nov, 2024 07:28am

Palestinian diplomat visits UHS

LAHORE: The Ambassador of Palestine to Pakistan, Zuhair Darzaid on Friday visited the University of Health Sciences...

Updated 16 Nov, 2024 07:33am

Energy

OGRA increase prices of RLNG by for SNGPL and SSGC

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Friday notified an increase in the prices of RLNG by 2.68...

Updated 16 Nov, 2024 07:35am

Companies

First nine months of 2024: Jazz, associated cos invest over Rs33bn

ISLAMABAD: Jazz, along with its associated companies JazzCash and Mobilink Microfinance Bank, invested over Rs33...

Updated 16 Nov, 2024 07:37am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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