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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Rates

Kibor interbank offered rates

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

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

BRIndex100 and BR Sectoral Indices

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	155.74
USD to Swiss Franc / Jan 17	0.91
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 16	5,937.34
Nasdaq / Jan 16	19,338.29
Dow Jones / Jan 16	43,153.13
India Sensex / Jan 17	76,671.81
Tokyo Nikkei / Jan 17	38,451.46
Hang Seng / Jan 17	19,567.81
FTSE 100 / Jan 17	8,477.94
Germany DAX 30 / Jan 17	20,852.83

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 16	18,785
Gold 10 Grams PKR / Jan 16	241,941
Petrol/Litre / Jan 17	256.13
Crude Oil USD/Barrel / Jan 17	79.09
Gold Spot USD/Ounce / Jan 17	2,713.02
Diesel/Litre / Jan 17	260.95

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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