News Archives for Print - 2024-12-04

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Print - 2024-12-04

Europe

Macron, MbS sign partnership, call for Lebanon polls

RIYADH: President Emmanuel Macron and Saudi Crown Prince Mohammed bin Salman signed a strategic partnership on ...

Published 04 Dec, 2024 03:14am

Meta says no sign of AI bedevilling elections in 2024

SAN FRANCISCO: Meta on Tuesday said fears that artificial intelligence would unleash a torrent of misinformation to...

Published 04 Dec, 2024 03:14am

Toshakhana-II case: hearing adjourned

ISLAMABAD: The indictment proceedings in the new Toshakhana case involving the imprisoned chairman of Pakistan...

Published 04 Dec, 2024 03:14am

PCB announces match officials for Champions T20 Cup

LAHORE: The Pakistan Cricket Board (PCB) on Tuesday announced a panel of match officials for the Bahria Town...

Published 04 Dec, 2024 03:14am

Punjab governor vows to eliminate drug trafficking

LAHORE: Governor Punjab Sardar Saleem Haider Khan has said that elimination of drug trafficking in educational...

Published 04 Dec, 2024 03:14am

87 incomplete projects added to ADP: Punjab Cabinet approves Rs2.58bn for model markets

LAHORE: Punjab cabinet, which met here Tuesday with Chief Minister Maryam Nawaz Sharif in the chair accorded ...

Published 04 Dec, 2024 03:14am

South Asia

India signals readiness to pursue China business ties after border row resolved

NEW DELHI: India and China will consider “other aspects” of their bilateral ties in a calibrated manner now that...

Published 04 Dec, 2024 03:14am

South Asia

Relief as Delhi schools reopen but smog crisis persists

NEW DELHI: Teenage student Aniksha is relieved to be back in class in India’s capital — even if the choking smog...

Published 04 Dec, 2024 03:14am

China curbs exports of key chipmaking components to US

BEIJING: Beijing said Tuesday it would restrict exports to the United States of some key components in making...

Published 04 Dec, 2024 03:14am

Army resistance toughens as rebels near Syria’s Hama

BEIRUT: Rebels advanced on Syria’s fourth-largest city Hama Tuesday, buoyed by their lightning capture of swathes...

Published 04 Dec, 2024 03:14am

‘Google strengthens commitment to digital economy, online safety’

ISLAMABAD: Kyle Gardner, Google’s Government Affairs and Public Policy Lead for South Asia, met with Fahd Haroon,...

Published 04 Dec, 2024 03:14am

Engro Dolphins seek ‘T20 culture cultivation’: Champions T20 Cup to produce new talent

LAHORE: Former Pakistan captain Sarfaraz Ahmed has said the Bahria Town Champions T20 Cup is an ideal opportunity, ...

Published 04 Dec, 2024 03:14am

JI chief assails govt for slowing down internet services

ISLAMABAD: Jamaat-e-Islami (JI) Pakistan Chief Hafiz Naeemur Rehman, Tuesday, while slamming the government for...

Published 04 Dec, 2024 03:14am

Credible forensic lab test a must for vehicle auction: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for the Customs Department to conduct forensic...

Published 04 Dec, 2024 03:14am

ECP allows transfer of 3 PML-N MNAs’ petitions to former LHC judge

ISLAMABAD: The electoral entity has allowed the applications of three Pakistan Muslim League-Nawaz (PML-N) lawmakers...

Published 04 Dec, 2024 03:14am

Three more poliovirus cases reported in KP, Sindh

ISLAMABAD: Pakistan, Tuesday, reported three more poliovirus cases in Khyber Pakhtunkhwa (KP) and Sindh provinces...

Published 04 Dec, 2024 03:14am

KPK lacks weapons to fight terrorists: Azma

LAHORE: Punjab Information Minister Azma Bokhari has said that the participants in the PTI protests were trained and...

Published 04 Dec, 2024 03:14am

Punjab CM launches ‘Suthra Punjab’ programme

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has launched the ‘Suthra Punjab’ Programme with a target of...

Published 04 Dec, 2024 03:14am

KE urges Railways to clear power dues of Rs 430m

KARACHI: K-Electric has urged Pakistan Railway’s authorities to clear outstanding dues of Rs 430 million...

Published 04 Dec, 2024 03:14am

‘Youth must be equipped with entrepreneurial skills’

FAISALABAD: It is need of the hour to develop knowledge-based economy, strong academy industry linkages and to...

Published 04 Dec, 2024 03:14am

Bilawal, Chinese envoy discuss bilateral relations

ISLAMABAD: Chinese Ambassador to Pakistan Jiang Zaidong and Pakistan People’s Party (PPP) Chairman Bilawal...

Published 04 Dec, 2024 03:14am

Bushra spearheaded Islamabad protest solely as per ‘my instructions’: IK

ISLAMABAD: Imran Khan, the ex-prime minister, said on Tuesday that his wife, Bushra Bibi, spearheaded the Islamabad...

Published 04 Dec, 2024 03:14am

Industry

Body to be formed to draft edible oil policy: Jam Kamal

KARACHI: The Federal Minister for Industries and Commerce, Jam Kamal Khan, announced that the government will...

Published 04 Dec, 2024 03:14am

Pakistan, Iran agree to deepen ties in all spheres

ISLAMABAD: Pakistan and Iran have agreed to deepen cooperation between both the countries in all spheres as Deputy...

Published 04 Dec, 2024 03:14am

Fire at Rimpa Plaza brought under control

KARACHI: Firefighters brought under control a blaze that engulfed two floors of a 13-story commercial building at...

Published 04 Dec, 2024 03:14am

‘IDEAS 2024’ Rohde & Schwarz Pakistan greets high-profile visitors

KARACHI: The 12th edition of IDEAS 2024 started off with expectations of high profile visitors from Pakistan Navy ...

Published 04 Dec, 2024 03:14am

Groundbreaking ceremony of CBD High Q Tower held

LAHORE: Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District...

Published 04 Dec, 2024 03:14am

Scope of emergency services expanded to each union council

LAHORE: Provincial Minister for Health and Emergency Services Khawaja Salman Rafique has said that Chief Minister...

Published 04 Dec, 2024 03:14am

Commodities

China sets new rules for lowering costs of fuel transport by pipeline

BEIJING: China is introducing new rules from January for lowering costs of transporting oil products by pipeline,...

Published 04 Dec, 2024 03:14am

Commodities

Dalian iron ore nears two-month high

BEIJING: Dalian iron ore futures prices advanced for a third straight session on Tuesday to the highest in nearly ...

Published 04 Dec, 2024 03:14am

Commodities

Chicago soybeans recoup losses

SINGAPORE: Chicago soybeans inched higher on Tuesday, with bargain-buying supporting prices, although the upside in...

Published 04 Dec, 2024 03:14am

Commodities

Gold prices slightly up on Fed rate optimism

NEW YORK: Gold prices edged higher on Tuesday, as recovering expectations of a US rate cut in December weighed on ...

Published 04 Dec, 2024 03:14am

Commodities

Malaysian palm oil higher

JAKARTA: Malaysian palm oil futures rose on Tuesday, underpinned by supply concerns due to floods in peninsular...

Published 04 Dec, 2024 03:14am

Commodities

Copper edges up as dollar pauses rally

LONDON: Copper prices in London rose on Tuesday as the US dollar weakened after rallying on Monday, although ...

Published 04 Dec, 2024 03:14am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 28.802 billion...

Published 04 Dec, 2024 03:14am

The Weather

KARACHI: The weather report on Tuesday (December 03, 2024) and the forecast for Wednesday (December 04, 2024)...

Published 04 Dec, 2024 03:14am

PM urges global action to tackle water scarcity

RIYADH: Prime Minister Muhammad Shehbaz Sharif on Tuesday underscored the need for strong political will, and global...

Published 04 Dec, 2024 03:14am

Govt to block terrorists’ accounts on social media

ISLAMABAD: Federal Interior Minister Mohsin Naqvi chaired an important meeting of the National Action Plan (NAP)...

Published 04 Dec, 2024 03:14am

Enforced disappearances of citizens: Issue should be resolved by calling general or joint session: SC

ISLAMABAD: The Supreme Court said the issue of enforced disappearances of citizens should be resolved by calling a...

Published 04 Dec, 2024 03:14am

IK still has ‘one last card to play’, claims Aleema

ISLAMABAD: Aleema Khan, the sister of jailed ex-prime minister, on Tuesday said that her brother still had “one...

Published 04 Dec, 2024 03:14am

FPCCI terms statement of Mayor as confused

KARACHI: Atif Ikram Sheikh, President FPCCI, has termed the statement of Murtaza Wahab, Mayor Karachi, as confused,...

Published 04 Dec, 2024 03:14am

Lifting of ban on PIA flights by EU lauded

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

Published 04 Dec, 2024 03:14am

Omar resigns as a member of JCP

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Omar Ayub Khan on Tuesday resigned as a member of the Judicial...

Published 04 Dec, 2024 03:14am

OICCI holds Diversity and Inclusion Conference

KARACHI: On the occasion of the International Day for Persons with Disabilities, the Overseas Investors Chamber of...

Published 04 Dec, 2024 03:14am

Water supply disruption in parts of Karachi

KARACHI: Water supply of Karachi will be partially disrupted starting December 3, as repair work on the crucial...

Published 04 Dec, 2024 03:14am

Tarar highlights significant decline in inflation

ISLAMABAD: Federal Minister for Information Attaullah Tarar on Tuesday highlighted a significant decline in...

Published 04 Dec, 2024 03:14am

Use of technology to deal with illegal spectrum of economy in effective manner

“The best way to predict the future is to invent it.” - Alan Kay This sentiment captures the essence of...

Published 04 Dec, 2024 03:14am

The Duck Curve challenge

As the world embraces the era of energy transition, Pakistan stands at a critical juncture where adopting a Just...

Published 04 Dec, 2024 03:14am

Letters

‘The looming challenge to dollar dominance’

This is apropos a letter to the Editor by this writer titled “The looming challenge to dollar dominance” carried...

Published 04 Dec, 2024 03:14am

Status of women development in Pakistan—II

The free and compulsory primary education has been focused in each successive government’s education...

Published 04 Dec, 2024 03:14am

From learner to leader: BISP sets a global standard

The Benazir Income Support Programme (BISP) stands as a powerful testament to Pakistan’s commitment to social...

Published 04 Dec, 2024 03:14am

Stocks

US stocks lower, crude rises

NEW YORK: US stocks got off to a muted start on Tuesday, hovering near Monday’s record closing highs as tight ...

Published 04 Dec, 2024 03:14am

Stocks

European shares settle at one-month high

FRANKFURT: European stocks closed at a one-month high on Tuesday, with Germany’s DAX briefly touching the 20,000...

Published 04 Dec, 2024 03:14am

Stocks

Chinese stocks shrug off latest US chip crackdown

HONG KONG/SHANGHAI: China’s main stock indexes initially fell but rallied at the close on Tuesday as chipmakers...

Published 04 Dec, 2024 03:14am

Stocks

Nikkei hits three-week closing high

TOKYO: Japan’s Nikkei share average hit a three-week closing high on Tuesday as heavyweight chip stocks led a ...

Published 04 Dec, 2024 03:14am

PARTLY FACETIOUS: There is a reason why they say Zardari weighs more than all others

“So there is no room for complacency, right?” “Right, the Man Who Must Remain Nameless and Faceless…”...

Published 04 Dec, 2024 03:14am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (December 03, 2024). ==================================== BR...

Published 04 Dec, 2024 03:14am

Rates

A bullish trend persists

KARACHI: A bullish trend continued as the Pakistan Stock Exchange hit new highest-ever levels with impressive gains,...

Published 04 Dec, 2024 03:14am

Energy

OPEC oil output rises in November: survey

LONDON: OPEC oil output rose for a second month in November as Libya’s production recovered after resolution of a...

Published 04 Dec, 2024 03:14am

MPs grill MNFS&R for failure to protect agri sector

ISLAMABAD: The Ministry of National Food Security and Research (MNFS&R) came under heavy criticism from...

Updated 04 Dec, 2024 09:19am

Energy

Fuel oil smuggling network rakes in $1bn for Iran and its proxies

DUBAI: A sophisticated fuel oil smuggling network that some experts believe generates at least $1 billion a year for...

Published 04 Dec, 2024 03:14am

Energy

Petrol, HSD prices rise due to combined impact of taxes, OMCs’ margins

ISLAMABAD: The combined impact of taxes and Oil Marketing Companies (OMCs) margins, accounting for 68 percent of...

Published 04 Dec, 2024 03:14am

Commodities

Gold moves slightly

KARACHI: Gold on Tuesday posted some gains as the global rates inched up close to $2, 650 per ounce, traders said....

Published 04 Dec, 2024 03:14am

Energy

US natgas prices decline

NEW YORK: US natural gas futures fell about 4% to a two-week low on Tuesday on rising output and forecasts for ...

Published 04 Dec, 2024 03:14am

Energy

Oil prices rise ahead of OPEC+ meeting

NEW YORK: Oil prices rose more than 1.5% on Tuesday as investors await an OPEC+ meeting expected to rubber stamp...

Published 04 Dec, 2024 03:14am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (December 03, 2024)...

Published 04 Dec, 2024 03:14am

Cotton & Textile

Mills away from business activity on cotton market

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

Published 04 Dec, 2024 03:14am

Commodities

Japanese rubber futures gain

SINGAPORE: Japanese rubber futures climbed on Tuesday after three sessions of decline on concerns of wet weather...

Published 04 Dec, 2024 03:14am

Rates

Activities of Karachi Port Trust

KARACHI: The Karachi Port Trust handled 178,368 tonnes of cargo comprising 140,357 tonnes of import cargo and 38,011...

Published 04 Dec, 2024 03:14am

Rates

LME official prices

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

Published 04 Dec, 2024 03:14am

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 04 Dec, 2024 03:14am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (December 03, 2024). ========================== KIBOR...

Published 04 Dec, 2024 03:14am

Forex

Open market rates of foreign currencies

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

Published 04 Dec, 2024 03:14am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (December 03, 2024). ======================== Open Bid...

Published 04 Dec, 2024 03:14am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (December 03, 2024)....

Published 04 Dec, 2024 03:14am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 03, 2024)....

Published 04 Dec, 2024 03:14am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (December 03, 2024)...

Published 04 Dec, 2024 03:14am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (December 03, 2024). ======================================= Offset...

Published 04 Dec, 2024 03:14am

MoC to form body to draft comprehensive edible oil policy: minister

ISLAMABAD: The Commerce Ministry will constitute a committee to draft a comprehensive edible oil policy aimed at...

Updated 04 Dec, 2024 09:28am

Cartelization, collusion practices: CCP asked to expedite inquiries

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb has directed the Competition Commission of...

Updated 04 Dec, 2024 09:31am

Aurangzeb calls for taxing wholesale, retail sectors

Finance minister assures all possible facilitation to small traders in this process

Updated 04 Dec, 2024 01:19pm

World Bank estimates total external debt stocks at $130.847bn by end 2023

ISLAMABAD: The World Bank (WB) has estimated Pakistan’s total external debt stocks at $130.847 billion by end 2023...

Updated 04 Dec, 2024 01:18pm

Govt says IMF programme facing no disruptions

Rejects speculation regarding ‘hiccups’ in the programme’s implementation

Updated 04 Dec, 2024 03:21pm

Banks’ ADR recorded at 47pc as of Nov 15th

KARACHI: The banking sector’s gross Advance-to-Deposit Ratio (ADR) maintained its upward trajectory, reaching 47...

Updated 04 Dec, 2024 03:23pm

MPC meeting on 16th: 200bps cut in policy rate likely

KARACHI: With inflation showing a decline, analysts are anticipating a potential rate cut of approximately 200 basis...

Published 04 Dec, 2024 03:14am

As of Nov 30th: Cotton arrivals stand at 5.19m bales: PCGA

LAHORE: According to the cotton statistics released by the Pakistan Cotton Ginners Association (PCGA) as of November...

Updated 04 Dec, 2024 02:46pm

Share swap arrangement: UBL approves amalgamation with SBL

KARACHI: The Board of Directors of United Bank Limited (UBP) has approved the amalgamation of Silk Bank Limited...

Updated 04 Dec, 2024 09:23am

Internet shutdown: IT sector suffers $1m per hour loss: P@SHA

ISLAMABAD: Pakistan’s information technology sector suffers losses of more than one million dollars per hour on...

Updated 04 Dec, 2024 02:46pm

FBR tells SC: Rs880m recovered from people holding foreign accounts, properties

ISLAMABAD: The Federal Board of Revenue (FBR) informed the Constitutional Bench of the Supreme Court that Rs880...

Updated 04 Dec, 2024 09:24am

Industry

Planning minister says export-led growth only way to sustainable uplift

KARACHI: Federal Minister for Planning, Development and Special Initiative Ahsan Iqbal has stressed the need to ...

Published 04 Dec, 2024 03:14am

Industry

Industrial consumers reject ‘winter power package’

LAHORE: Industrial consumers have rejected winter electricity package, saying that their power consumption was down...

Published 04 Dec, 2024 03:14am

Industry

LCCI forms over 100 committees

LAHORE: With an objective to support government efforts for economic well-being of the country, the Lahore Chamber ...

Published 04 Dec, 2024 03:14am

Fragile calm in Kurram

EDITORIAL: Too many precious lives have been lost in intermittent eruption of violence between warring tribes in...

Published 04 Dec, 2024 03:14am

Inflation slide arrested

EDITORIAL: Pakistan Bureau of Statistics (PBS) revealed a 4.9 percent Consumer Price Index, a 2.3 percent decline...

Published 04 Dec, 2024 03:14am

Money & Banking

Euro tiptoes higher

NEW YORK: The euro rose on Tuesday, regaining some poise after political turmoil in France sent traders scrambling...

Published 04 Dec, 2024 03:14am

Asian currencies tepid on dollar strength

Money & Banking

Industry

SECP to hold Islamic Capital Market Conference & Expo on 12th

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) unveiled the details of the Second International...

Published 04 Dec, 2024 03:14am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	277.97
USD PKR Interbank Buying / Dec 4	277.77
USD to Japanese Yen / Dec 4	150.37
USD to Swiss Franc / Dec 4	0.89
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.05

Stock	Volume
S&P 500 / Dec 3	6,049.87
Nasdaq / Dec 3	19,480.91
Dow Jones / Dec 3	44,705.53
India Sensex / Dec 4	80,956.33
Tokyo Nikkei / Dec 4	39,276.39
Hang Seng / Dec 4	19,742.46
FTSE 100 / Dec 4	8,328.12
Germany DAX 30 / Dec 4	20,195.75

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Crude Oil USD/Barrel / Dec 4	70.17
Gold 10 Grams PKR / Dec 4	235,940
Gold Spot USD/Ounce / Dec 4	2,644.45
Cotton US¢/pound / Dec 4	71.11
Petrol/Litre / Dec 5	252.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.37 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▼ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	68.40 ▼ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	150.94 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▼ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	13.47 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.37 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▲ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	68.40 ▲ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	150.94 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▲ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	13.47 ▲ 0.00 (0.00%)

Stock	Volume
Cnergyico PK / Dec 5 Cnergyico PK Limited(CNERGY)	246,707,903 ▲ 0.00
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	89,419,070 ▲ 0.00
Hascol Petrol / Dec 5 Hascol Petroleum Limited(HASCOL)	87,024,698 ▲ 0.00
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	67,806,935 ▲ 0.00
Sui South Gas / Dec 5 Sui Southern Gas Company Limited(SSGC)	61,811,720 ▲ 0.00
Power Cement / Dec 5 Power Cement Limited(POWER)	58,501,362 ▲ 0.00
K-Electric Ltd. / Dec 5 K-Electric Limited(KEL)	56,938,645 ▲ 0.00
Pak Int.Bulk / Dec 5 Pakistan International Bulk Terminal(PIBTL)	56,115,997 ▲ 0.00
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	55,870,990 ▲ 0.00

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