News Archives for Print - 2024-11-27

Print - 2024-11-27

CM urges Wapda to allocate 50 MGD additional water to Karachi

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, in his meeting with the Chairman Water and Power Development...

Published 27 Nov, 2024 08:39am

Constitutional petitions: SHC regular benches recuse themselves from hearing

KARACHI: The Sindh High Court’s (SHC) regular benches on Tuesday recused to hear constitutional petitions after...

Published 27 Nov, 2024 08:38am

Habib varsity hosts ‘Yohsin Lecture’ featuring Dr Thomas Hansen

KARACHI: Habib University hosted its ninth annual Yohsin Lecture featuring distinguished author and professor from...

Published 27 Nov, 2024 08:37am

Ahsan says modern curriculum will be developed

ISLAMABAD: Minister for Planning and Development Ahsan Iqbal has expressed commitment to developing a 21st...

Published 27 Nov, 2024 08:37am

Meeting discusses illegal poppy cultivation in Sindh

KARACHI: Sindh Chief Secretary Asif Hyder Shah said that the provincial government remains steadfast in its...

Published 27 Nov, 2024 08:36am

Industry

Animal fodder, processing of fruits and vegetables sectors: Pakistan embassy hosts B2B matchmaking meeting

BEIJING: Pakistan Embassy Beijing, in collaboration with the Board of Investment (BOI), successfully hosted the ...

Published 27 Nov, 2024 08:34am

USAID-supported SPF for SMEs officially launched in KP

PESHAWAR: The US Consul General in Peshawar Shante Moore and the Government of Khyber Pakhtunkhwa’s Chief ...

Published 27 Nov, 2024 08:32am

NKATI chief for resolving issues thru dialogue

KARACHI: Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI), urged the...

Published 27 Nov, 2024 08:31am

Haveli Maharaja Ranjit Singh: WCLA working on conservation, restoration project

LAHORE: The Walled City of Lahore Authority (WCLA) is working on the 84.5-million-rupees conservation and ...

Published 27 Nov, 2024 08:29am

Sindh Bank holds Hajj ballot 2025 for its employees

KARACHI: Sindh Bank hosted a balloting event on Tuesday at its Head Office to select four employees, one each from...

Published 27 Nov, 2024 08:28am

Police using advanced technology to nab criminals

LAHORE: The Lahore Police have ramped up their crackdown on wanted criminals with the help of modern information...

Published 27 Nov, 2024 08:26am

Maryam, ADB team discuss steps aimed at overcoming smog challenge

LAHORE: Senior Provincial Minister Maryam Aurangzeb held a meeting with a delegation from the Asian Development Bank...

Published 27 Nov, 2024 08:24am

Visit of Belarus team a welcome sign for economy: Governor

LAHORE: Terming the current visit of the Belarus delegation to Pakistan as a welcome sign for the country’s...

Published 27 Nov, 2024 08:24am

Ayaz Sadiq leaves for Russia today: Visit aimed at boosting ties between govts, people thru parliamentary democracy

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq will lead a parliamentary delegation to Russia from 27th...

Published 27 Nov, 2024 08:20am

NA panel for implementing steps aimed at ensuring transparent MDCAT retest

ISLAMABAD: The National Assembly Standing Committee on National Health Services and Regulations, Tuesday, while...

Published 27 Nov, 2024 08:17am

President condemns attacks on police, Rangers

ISLAMABAD: President Asif Ali Zardari expressed regret over the loss of precious lives in the clash between...

Published 27 Nov, 2024 08:16am

Bilawal slams attacks

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari has strongly condemned the attack on Rangers...

Published 27 Nov, 2024 08:15am

Justice Mandokhail recuses him from houbara bustard case hearing

ISLAMABAD: Justice Jamal Khan Mandokhail recused from the constitutional bench for the hearing of the houbara ...

Published 27 Nov, 2024 08:13am

‘PTI remains distracted by its political theatrics’: Sherry

ISLAMABAD: Pakistan People’s Party (PPP) Vice President Senator Sherry Rehman has expressed concern over the...

Published 27 Nov, 2024 08:12am

Industry

UBG raises questions over govt’s power relief ‘winter package’

KARACHI: S M Tanveer, patron-in-chief of the United Business Group (UBG) has raised questions regarding the...

Published 27 Nov, 2024 08:09am

Letters

‘Trump’s bureaucracy cuts: a daunting task’

This is apropos letters to the Editor by this writer titled ‘Trump’s bureaucracy cuts: a daunting task’ ...

Published 27 Nov, 2024 07:36am

Energy

LESCO collects Rs3.536bn from 119,187 defaulters

LAHORE: Lahore Electric Supply Company (LESCO) has recovered more than Rs3.536 billion from 119,187 dead defaulters...

Published 27 Nov, 2024 07:32am

Industry

LCCI urges cellular companies to resolve networking issues

LAHORE: The Lahore Chamber of Commerce and Industry Tuesday urged cellular companies to resolve networking issues as...

Published 27 Nov, 2024 07:30am

Industry

PHMA urges govt to help ensure smooth gas supply

LAHORE: While expressing serious concerns over the threats of gas supply termination and notices of additional...

Published 27 Nov, 2024 07:29am

Industry

2,300 Chinese companies operating in Pakistan: VP PCJCCI

LAHORE: Zafar Iqbal Vice President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), said during a...

Published 27 Nov, 2024 07:26am

Industry

PRGMEA for a collaborative approach to policymaking

LAHORE: The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has emphasized the need...

Published 27 Nov, 2024 07:23am

Commodities

Gold prices drop

KARACHI: The local gold prices saw a slump on Tuesday after the global rates fell sharply, traders said. Gold prices...

Published 27 Nov, 2024 07:20am

Companies

Haier named official partner of Australian Open for 2025-2027

MELBOURNE: Haier announced that it is the official TV and appliance partner of the Australian Open and Summer of...

Published 27 Nov, 2024 07:18am

Banking malpractice: penalising depositors and undermining economic growth

The recent decision by several banks in Pakistan to levy fees on high-value deposits has sparked nationwide debate ...

Published 27 Nov, 2024 07:13am

PARTLY FACETIOUS: One party’s fact is another’s lie?

“Two facts are patently evident…” “If you are talking about politics in the Land of the Pure, then I...

Published 27 Nov, 2024 07:07am

PKR saving deposits: IBIs required to pay profit equivalent to 75pc of WAGY of all pools

KARACHI: In a significant move aimed at boosting returns for savers, the State Bank of Pakistan (SBP) has asked the...

Published 27 Nov, 2024 06:44am

Babayev blames rich countries for ‘imperfect’ deal

PARIS: The tough-fought finance deal at UN climate negotiations was “imperfect”, the Azerbaijan COP29 leadership...

Published 27 Nov, 2024 06:44am

Troops deployed in Islamabad’s ‘Red Zone’

ISLAMABAD: The government on Tuesday deployed army in the Red Zone to manage the unrest during the ongoing Pakistan...

Published 27 Nov, 2024 06:44am

UN member states honour record number of killed aid workers

UNITED NATIONS: More than 100 UN member states called Tuesday for the protection of humanitarian aid workers, who ...

Published 27 Nov, 2024 06:44am

Infiltration attempt from Afghan border thwarted

ISLAMABAD: Pakistan’s security forces successfully thwarted an infiltration attempt by a group of terrorists near...

Published 27 Nov, 2024 06:44am

PM condemns attack on LEAs personnel

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday condemned the recent attack on law enforcement personnel, saying...

Published 27 Nov, 2024 06:44am

‘Children’s Heart Surgery Programme’: Over 800 surgeries performed

LAHORE: As many as 800 innocent children have successfully undergone surgeries under the Chief Minister’s...

Published 27 Nov, 2024 06:44am

‘Medical profession without compassion is irrelevant’

FAISALABAD: Medical profession without compassion is irrelevant and under-training medical graduates must inculcate...

Published 27 Nov, 2024 06:44am

Dar meets Belarusian president

ISLAMABAD: Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar met with President of Belarus Alexander...

Published 27 Nov, 2024 06:44am

Sharjeel condemns attack on Rangers’ vehicle

KARACHI: Sindh Senior Minister Sharjeel Inam Memon has condemned the miscreants’ vehicle attack on Rangers...

Published 27 Nov, 2024 06:44am

IHC upholds SECP order against legal heirs of Siddiq Moti

ISLAMABAD: The Islamabad High Court (IHC) has delivered a landmark verdict, upholding the Securities and Exchange...

Published 27 Nov, 2024 06:44am

JI chief says govt formed through ‘Form 47’

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem-ur-Rehman has reiterated his stance that election winners should be...

Published 27 Nov, 2024 06:44am

The Weather

KARACHI: The weather report on Tuesday (November 26, 2024) and the forecast for Wednesday (November 27, 2024)...

Published 27 Nov, 2024 06:44am

Rates

Stocks nosedive on political unrest

KARACHI: Pakistan Stock Exchange on Tuesday nosedived and recorded worst ever single day decline due to panic ...

Published 27 Nov, 2024 06:44am

No talks with PTI protesters: govt

ISLAMABAD: Amid reports of secret talks with Pakistan Tehreek-e-Insaf(PTI) founding chairman Imran Khan, the...

Published 27 Nov, 2024 06:44am

Six killed as protesters reach D-Chowk

ISLAMABAD: Thousands of loyalists of Imran Khan, the incarcerated ex-prime minister and founding chairman of ...

Published 27 Nov, 2024 06:44am

Imperative need for strong national apex body for cotton

The cotton sector serves as the backbone of Pakistan’s economy, providing essential raw material to the textile...

Updated 27 Nov, 2024 07:49am

Expense or an asset?

Do a survey of companies. Ask the leadership a question-“What are your biggest assets”? Almost all of them will...

Updated 27 Nov, 2024 07:47am

Stocks

S&P 500, Nasdaq climb ahead of Fed minutes

NEW YORK: The benchmark S&P 500 and the Nasdaq extended recent gains on Tuesday, as technology stocks rebounded,...

Published 27 Nov, 2024 06:44am

Stocks

European stocks trip on Trump tariff hurdle

FRANKFURT: European stocks fell across the board, led by automakers, as Donald Trump’s tariff threat on the United...

Published 27 Nov, 2024 06:44am

Stocks

China stocks edge down, HK flat

SHANGHAI: China stocks closed slightly lower on Tuesday, while Hong Kong shares ended almost flat, as market...

Published 27 Nov, 2024 06:44am

Stocks

Nikkei closes lower after Trump pledges fresh tariffs

TOKYO: Japan’s Nikkei share average declined on Tuesday as the market weighed US President-elect Donald Trump’s...

Published 27 Nov, 2024 06:44am

Energy

US natgas prices up

NEW YORK: US natural gas futures edged up about 1% to a fresh one-year high on Tuesday on forecasts for colder...

Published 27 Nov, 2024 06:44am

Energy

Oil prices make gains

HOUSTON: Oil prices rose on Tuesday as investors eyed OPEC+ discussions on output and weighed the potential impact ...

Published 27 Nov, 2024 06:44am

Cotton & Textile

Volume of business improves on cotton market

LAHORE: The local cotton market remained easy and the trading volume remained satisfactory. Cotton Analyst Naseem...

Published 27 Nov, 2024 06:44am

Rates

Activities of Karachi Port Trust

KARACHI: The Karachi Port Trust handled 199,748 tonnes of cargo comprising 137,959 tonnes of import cargo and 61,789...

Published 27 Nov, 2024 06:44am

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 27 Nov, 2024 06:44am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (November 26, 2024). ========================== KIBOR...

Published 27 Nov, 2024 06:44am

Forex

Open market rates of foreign currencies

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

Published 27 Nov, 2024 06:44am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (November 26, 2024). ======================== Open Bid...

Published 27 Nov, 2024 06:44am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (November 26, 2024)....

Published 27 Nov, 2024 06:44am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (November 26, 2024)....

Published 27 Nov, 2024 06:44am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (November 26, 2024)...

Published 27 Nov, 2024 06:44am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (November 26, 2024). ======================================= Offset...

Published 27 Nov, 2024 06:44am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (November 26, 2024). ==================================== BR...

Published 27 Nov, 2024 06:44am

Key requirement for conventional banks removed

Banks will now pay negotiated rates to corporate sector

Updated 27 Nov, 2024 09:39am

Banks start scrapping monthly fee on large deposits

KARACHI: Banks have begun reversing their arbitrarily imposed five percent monthly charges on all accounts with...

Updated 27 Nov, 2024 08:54am

Jul-Oct: $1.723bn borrowed from multiple sources

ISLAMABAD: The country borrowed $1.723 billion from multiple financing sources during the first four months...

Updated 27 Nov, 2024 09:25am

Standardising financial regimes: Aurangzeb highlights importance

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with a delegation of...

Updated 27 Nov, 2024 09:21am

‘Winter package’ to be made available to KE consumers as well: govt

ISLAMABAD: The government assured on Tuesday that three months incremental consumption-based Winter Package at Rs...

Updated 27 Nov, 2024 08:52am

Oct FCA: CPPA-G hints at refunding Rs2.6bn to consumers

ISLAMABAD: Central Power Purchasing Agency- Guaranteed (CPPA-G) on Tuesday hinted refunding Rs 2.6 billion to the...

Updated 27 Nov, 2024 09:22am

Govt tells World Bank: Agri tax legislation to be completed in next Jan

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, Tuesday, apprised the World Bank ...

Published 27 Nov, 2024 06:44am

Foreign investors: Jul-Oct profit repatriation soars 66pc to $807.2m YoY

KARACHI: The repatriation of profits and dividends by foreign investors rose by 66 percent to $807.2 million in the...

Updated 27 Nov, 2024 08:55am

Dollar bonds slide

LONDON: Pakistan’s sovereign dollar bonds slid on Tuesday, Tradeweb data showed, as deadly clashes between...

Published 27 Nov, 2024 06:44am

15 agreements, MoUs inked between Pakistan, Belarus

ISLAMABAD: Pakistan and Belarus have strengthened their bilateral ties by signing 15 significant agreements and...

Updated 27 Nov, 2024 08:51am

800 PTI workers arrested: Gandapur, Bushra ‘flee protest site’ amid crackdown

Special teams formed to target PTI leaders with plans to apprehend them as part of ongoing security operations

Updated 27 Nov, 2024 10:23am

PTI’s tree tsunami programme: Audit exposes Rs5.2bn mismanagement

KARACHI: A recent special audit of Auditor General of Pakistan (AGP) has uncovered serious deficiencies in PTI’s...

Updated 27 Nov, 2024 09:27am

Karachi’s businessmen decide to launch ‘Air Karachi’

KARACHI: The business community of Karachi has announced the launch of a new airline, Air Karachi, with an initial...

Updated 27 Nov, 2024 10:30am

Commodities

Wheat sown on over 12m acres of land in Punjab: well below target

LAHORE: Wheat has been sown over 12 million acres of land in Punjab against the target of 16.5 million acres set for...

Published 27 Nov, 2024 06:44am

Commodities

‘All resources being mobilised to achieve wheat cultivation target’

LAHORE: Wheat has been sown over 12 million acres of land in Punjab against the target of 16.5 million acres set for...

Published 27 Nov, 2024 06:44am

All’s not well in the ruling coalition

EDITORIAL: It seems political differences between PML-N and PPP which were reportedly bubbling under the surface for...

Updated 27 Nov, 2024 07:39am

The economic cost of political unrest

EDITORIAL: Federal Finance Minister Muhammad Aurangzeb has claimed that protests cost the country 190 billion rupees...

Updated 27 Nov, 2024 07:42am

Money & Banking

Yuan slides to four-month low

SHANGHAI: The yuan fell against the US dollar to its weakest in nearly four months after US President-elect Donald...

Published 27 Nov, 2024 06:44am

Money & Banking

Trump tariff vow hits Mexican and Canadian currencies, yen firm

NEW YORK: A pledge by President-elect Donald Trump to impose tariffs on products from Canada, Mexico and China sent...

Published 27 Nov, 2024 06:44am

Money & Banking

Asian currencies down

BENGALURU: The Mexican peso sank to a more-than-two-year low on Tuesday, while Asian currencies also retreated after...

Published 27 Nov, 2024 06:44am

Commodities

EU 2024/25 soft wheat exports down

PARIS: European Union soft wheat exports since the start of the 2024/25 season in July had reached 9.15 million...

Published 27 Nov, 2024 06:44am

Commodities

Iron ore higher on firmer steel output

SINGAPORE: Iron ore futures ticked up on Tuesday for a second straight session, buoyed by stronger global steel...

Published 27 Nov, 2024 06:44am

Commodities

Wheat extends losses on better US crop outlook

SINGAPORE: Chicago wheat lost more ground on Tuesday as improved US winter crop conditions raised global supply...

Published 27 Nov, 2024 06:44am

Commodities

Copper slips as Trump releases details of China tariffs

LONDON: Copper prices dropped modestly on Tuesday after incoming US President Donald Trump provided details of...

Published 27 Nov, 2024 06:44am

Commodities

Malaysian palm oil future firm

KUALA LUMPUR: Malaysian palm oil futures rose for a second consecutive session on Tuesday, supported by firmer rival...

Published 27 Nov, 2024 06:44am

Commodities

Gold prices hold steady after Trump’s tariff pledge

NEW YORK: Gold prices held steady on Tuesday after a 3% drop in the previous session, supported by increased...

Published 27 Nov, 2024 06:44am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 41.344 billion...

Published 27 Nov, 2024 06:44am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (November 26, 2024)...

Published 27 Nov, 2024 06:44am

Commodities

Japanese rubber futures rally

SINGAPORE: Japanese rubber futures climbed up Tuesday, buoyed by a pick up in global oil prices, but supply pricing...

Published 27 Nov, 2024 06:44am

State demonstrating a lot of ‘patience’, says Tarar

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

Updated 27 Nov, 2024 08:35am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 27	152.46
USD to Swiss Franc / Nov 27	0.89
Pound Sterling to USD / Nov 27	1.26
Euro to USD / Nov 27	1.05

Stock	Volume
S&P 500 / Nov 26	6,021.63
India Sensex / Nov 26	80,004.06
Tokyo Nikkei / Nov 26	38,152.61
Nasdaq / Nov 26	19,175.58
Hang Seng / Nov 26	19,249.91
FTSE 100 / Nov 26	8,258.61
Dow Jones / Nov 26	44,860.31
Germany DAX 30 / Nov 26	19,295.98

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold 10 Grams PKR / Nov 26	239,716
Petrol/Litre / Nov 27	248.38
Crude Oil USD/Barrel / Nov 27	68.80
Gold Spot USD/Ounce / Nov 27	2,637.94
Diesel/Litre / Nov 27	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▼ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▼ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▼ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▲ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▲ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▲ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 27 K-Electric Limited(KEL)	101,636,133 ▲ 0.00
B.O.Punjab / Nov 27 The Bank of Punjab(BOP)	92,023,190 ▲ 0.00
Hascol Petrol / Nov 27 Hascol Petroleum Limited(HASCOL)	73,320,431 ▲ 0.00
Fauji Foods Ltd / Nov 27 Fauji Foods Limited(FFL)	54,116,789 ▲ 0.00
Sui South Gas / Nov 27 Sui Southern Gas Company Limited(SSGC)	54,088,119 ▲ 0.00
Treet Battery / Nov 27 Treet Battery Limited(TBL)	49,797,748 ▲ 0.00
Pace (Pak) Ltd. / Nov 27 Pace (Pakistan) Limited(PACE)	47,465,434 ▲ 0.00
WorldCall Telecom / Nov 27 Worldcall Telecom Limited(WTL)	44,206,223 ▲ 0.00
Cnergyico PK / Nov 27 Cnergyico PK Limited(CNERGY)	34,058,498 ▲ 0.00

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