News Archives for Print - 2024-12-05

Print - 2024-12-05

ADB, SAFCO ink $86m financing package for SAF facility in Sheikhupura

ISLAMABAD: The Asian Development Bank (ADB) and SAFCO Venture Holdings Limited (SAFCO) have signed $86.2 million...

Published 05 Dec, 2024 07:47am

SHC grants protective bail to Arif Alvi in three cases

KARACHI: Former president of Pakistan and Pakistan Tehreek-e-Insaf leader Arif Alvi Wednesday secured protective ...

Published 05 Dec, 2024 07:45am

Letters

‘The looming challenge to dollar dominance’

This is apropos two back-to-back letters to the Editor with the above headline carried by the newspaper on Tuesday...

Published 05 Dec, 2024 07:39am

The unexplored blue: charting Pakistan’s economic potential

The Organisation of Economic Cooperation and Development (OECD) describes the ocean as the next ‘Great Economic...

Published 05 Dec, 2024 07:29am

Pakistan’s energy revolution: 35% gas reserve for private firms

Amid growing energy challenges and economic strains, Pakistan has embarked on a transformative journey to revitalize...

Published 05 Dec, 2024 07:24am

Minimum wage revisited

Pakistan has an acceptable concept of minimum wage, just like many countries. The reason for imposing minimum wage ...

Published 05 Dec, 2024 07:20am

Retirement age proposal

EDITORIAL: The recent proposal to reduce retirement age from 60 to 55 years for the bureaucracy warrants a serious...

Published 05 Dec, 2024 07:16am

PTI protest: Dar briefs diplomats on situation

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar has briefed the foreign diplomats about the recent...

Published 05 Dec, 2024 06:47am

USA

Top executive shot dead outside New York hotel

NEW YORK: A masked gunman shot dead a top US health insurance executive outside a New York hotel Wednesday in an...

Published 05 Dec, 2024 06:47am

Rs10,000 fine imposed on IK sisters

ISLAMABAD: An anti-terrorism court (ATC) on Wednesday imposed a fine of Rs10,000 on the sisters of imprisoned...

Published 05 Dec, 2024 06:47am

Two TLP leaders join PPP

ISLAMABAD: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari met with former TLP ticket holders Malik...

Published 05 Dec, 2024 06:47am

LG polls in Islamabad: ECP to hold delimitation exercise once again

ISLAMABAD: Less than two months before the retirement of Chief Election Commissioner Sikandar Sultan Raja, the poll...

Published 05 Dec, 2024 06:47am

PARTLY FACETIOUS: Urdu word trup can be translated as trump?

“Sometimes a word has different meanings in a different language.” “Okayyyyy.” “There is no need to take...

Published 05 Dec, 2024 06:47am

Shibli Faraz resigns as member of JCP

ISLAMABAD: In line with the directives of jailed chairman of Pakistan Tehreek-e-Insaf (PTI) Imran Khan, Shibli Faraz...

Published 05 Dec, 2024 06:47am

Terrorist outfits may enhance their activities in Afghanistan, moot told

ISLAMABAD: There is a danger that the terrorist organisations may enhance their activities and re-enact a 9/11-type...

Published 05 Dec, 2024 06:47am

Iran releases Nobel Peace laureate Mohammadi on medical leave

TEHRAN: Iran has released Nobel Peace laureate Narges Mohammadi, jailed since November 2021, for three weeks on...

Published 05 Dec, 2024 06:47am

Alcohol poisoning kills 17 in Turkey

ISTANBUL: At least 17 people died and another 22 are receiving hospital treatment after drinking tainted alcohol,...

Published 05 Dec, 2024 06:47am

Kyrgyzstan, Tajikistan reach deal on last contested Central Asian border

BISHKEK (Kyrgyzstan): Central Asian neighbours Kyrgyzstan and Tajikistan on Wednesday announced a border demarcation...

Published 05 Dec, 2024 06:47am

Govt planning to introduce law to curb fake news, says minister

ISLAMABAD: Federal Minister for Law and Justice Azam Nazeer Tarar said that the government is planning to introduce...

Published 05 Dec, 2024 06:47am

Senate panel concerned about lack of oversight in food industry

ISLAMABAD: The Senate Standing Committee on Science and Technology expressed serious concerns at the alarming lack ...

Published 05 Dec, 2024 06:47am

Flood relief project: Canadian organisation constructs solar-powered homes in Sindh

ISLAMABAD: The Canadian humanitarian organisation Human Concern International (HCI), which has been operating in...

Published 05 Dec, 2024 06:47am

Stocks

Indian shares inch higher led by financials

MUMBAI: Indian shares closed higher for a fourth straight session on Wednesday as financials climbed on growing...

Published 05 Dec, 2024 06:47am

Stocks

Tech surge propels S&P 500, Nasdaq to all-time highs

NEW YORK: Wall Street’s main indexes climbed on Wednesday, with the S&P 500 and the Nasdaq touching record...

Published 05 Dec, 2024 06:47am

Stocks

Germany’s DAX closes above 20,000 mark

PARIS: European closed at a fresh one-month high on Wednesday, with German stocks finishing above the 20,000 mark,...

Published 05 Dec, 2024 06:47am

Stocks

China, HK stocks dip on slower services growth

HONG KONG: China and Hong Kong stocks weakened on Wednesday as slower services sector growth and escalating trade...

Published 05 Dec, 2024 06:47am

Stocks

Japan’s Nikkei ends higher in choppy trade

TOKYO: Japan’s Nikkei share average eked out gains to rise for a third straight day on Wednesday, as a softer yen...

Published 05 Dec, 2024 06:47am

South America summit hopes to seal ‘historic’ trade deal with EU

MONTEVIDEO: Brazil, Argentina, Uruguay and Paraguay are hoping to announce a blockbuster trade deal with the ...

Updated 05 Dec, 2024 07:08am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 173,235 tonnes of cargo comprising 115,565 tonnes of import cargo and 57,670...

Published 05 Dec, 2024 06:47am

The Weather

KARACHI: The weather report on Wednesday (December 04, 2024) and the forecast for Thursday (December 05, 2024)...

Published 05 Dec, 2024 06:47am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (December 04, 2024)....

Published 05 Dec, 2024 06:47am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (December 04, 2024). ====================================...

Published 05 Dec, 2024 06:47am

PCP, PR, OPF boards’ reconstitution gets nod: CCoSOEs concerned over Rs1trn annual losses by SOEs

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs), Wednesday, expressed serious concerns over ...

Published 05 Dec, 2024 06:47am

Oct govt debt stock drops Rs456bn to Rs69.114trn MoM

KARACHI: The federal government’s total debt stock decreased by Rs 456 billion in October 2024, largely attributed...

Published 05 Dec, 2024 06:47am

Cooperation in trade, investment: BoI and China’s CNTAC set to sign MoU today

ISLAMABAD: The Board of Investment (BoI) and China National Textile & Apparel Council (CNTAC) are all set to ...

Published 05 Dec, 2024 06:47am

Investments in Balochistan: Bugti vows strict security measures

KARACHI: Chief Minister of Balochistan Mir Sarfraz Bugti has assured strict security measures, while inviting both...

Published 05 Dec, 2024 06:47am

Rates

Bull run continues

KARACHI: Pakistan Stock Exchange maintained its bullish trend and hit new highest-ever levels on Wednesday on the...

Published 05 Dec, 2024 06:47am

Islamabad lockdown: IHC expresses annoyance over govt, PTI

ISLAMABAD: The Islamabad High Court (IHC) expressed annoyance over the Pakistan Tehreek-e-Insaf (PTI) and the...

Published 05 Dec, 2024 06:47am

Sukuk auction: Govt raises Rs2trn in 2024 using PSX platform

KARACHI: The listing of Shariah-compliant securities at the Pakistan Stock Exchange (PSX) marked a significant...

Published 05 Dec, 2024 06:47am

Customs/export value of fruits revised

ISLAMABAD: The Directorate General of Customs Valuation Karachi has revised the customs/export value of seasonal...

Published 05 Dec, 2024 06:47am

Energy

Experts discuss options to promote renewable energy

ISLAMABAD: The experts from energy, finance, banking sector and capital market on Wednesday discussed different...

Published 05 Dec, 2024 06:47am

Commodities

Chicago soybeans ease on Brazilian crop outlook

SINGAPORE/PARIS: Chicago soybeans futures slid on Wednesday, giving up some of the gains from the previous session,...

Published 05 Dec, 2024 06:47am

Commodities

Iron ore gains

BEIJING: Iron ore futures prices gained on Wednesday as lingering expectations of fresh Chinese economic stimulus...

Published 05 Dec, 2024 06:47am

Commodities

Russian winter crops in worst state ever, analysts

MOSCOW: The share of winter, crops in Russia for the 2025 harvest in poor condition or have not sprouted is at an...

Published 05 Dec, 2024 06:47am

Commodities

Gold holds steady

NEW YORK: Gold held steady on Wednesday as safe-haven demand countered a slight recovery in the US dollar while...

Published 05 Dec, 2024 06:47am

Commodities

Copper prices slip as dollar strengthens

LONDON: Copper prices in London eased under pressure from a stronger dollar and technical factors on Wednesday while...

Published 05 Dec, 2024 06:47am

Commodities

Japanese rubber futures buoyed by weaker yen

SINGAPORE: Japanese rubber futures rose on Wednesday as firmer oil prices and a weaker yen boosted market ...

Published 05 Dec, 2024 06:47am

Energy

Oil slightly down ahead of OPEC+ decision

NEW YORK: Oil futures slipped on Wednesday as traders awaited an imminent OPEC+ decision on supply, while a...

Published 05 Dec, 2024 06:47am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 25.399 billion...

Published 05 Dec, 2024 06:47am

Commodities

Palm oil futures rise

JAKARTA: Malaysian palm oil futures rose for a second consecutive session on Wednesday, fuelled by the strength in...

Published 05 Dec, 2024 06:47am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (December 04, 2024)...

Published 05 Dec, 2024 06:47am

Cotton & Textile

Trading activity improves on cotton market

LAHORE: The local cotton market on Wednesday remained steady and the trading volume remained satisfactory. Cotton...

Published 05 Dec, 2024 06:47am

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 05 Dec, 2024 06:47am

Forex

Open market rates of foreign currencies

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

Published 05 Dec, 2024 06:47am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (December 04, 2024). ======================== Open ...

Published 05 Dec, 2024 06:47am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (December 04, 2024)....

Published 05 Dec, 2024 06:47am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (December 04, 2024)...

Published 05 Dec, 2024 06:47am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (December 04, 2024). =======================================...

Published 05 Dec, 2024 06:47am

17 IPPs of 1994, 2002 policies: Deal reached on hybrid ‘take and pay’ model

ISLAMABAD: The government’s task force on energy and 17 Independent Power Producers (IPPs) of Power Policies of...

Published 05 Dec, 2024 06:47am

Talks under way to import Russian oil: minister

ISLAMABAD: Pakistan and Russia are actively negotiating the structure of a deal for the import of Russian oil by...

Published 05 Dec, 2024 06:47am

Conversion of JPP to Thar coal: Experts’ panel formed to firm up recommendations

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a three-member committee to discuss and firm up...

Published 05 Dec, 2024 06:47am

ABC teams brief Aurangzeb about issues facing businessmen

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

Published 05 Dec, 2024 06:47am

OECD warns of protectionism weeks before Trump return

PARIS: The OECD warned Wednesday that protectionist trade measures pose a major risk to disrupting the world ...

Published 05 Dec, 2024 06:47am

Aurangzeb says affordable housing linked with two ‘existential’ problems

ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb, while terming the directed lending by the government to...

Published 05 Dec, 2024 06:47am

Money & Banking

Euro edges higher

NEW YORK: The euro rose on Wednesday in choppy trading, as a French no-confidence vote due later in the session...

Published 05 Dec, 2024 06:47am

Asian currencies: S Korean won rebounds from 2-year lows

Money & Banking

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)	7.17 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	639.72 ▼ 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)	64.26 ▼ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	151.49 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,117.32 ▼ 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)	13.57 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.17 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	639.72 ▲ 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)	64.26 ▲ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	151.49 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,117.32 ▲ 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)	13.57 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	257,531,069 ▲ 0.00
Cnergyico PK / Dec 5 Cnergyico PK Limited(CNERGY)	213,200,271 ▲ 0.00
Pak Int.Bulk / Dec 5 Pakistan International Bulk Terminal(PIBTL)	89,650,764 ▲ 0.00
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	75,744,156 ▲ 0.00
Power Cement / Dec 5 Power Cement Limited(POWER)	69,203,491 ▲ 0.00
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	58,983,939 ▲ 0.00
Sui South Gas / Dec 5 Sui Southern Gas Company Limited(SSGC)	37,808,495 ▲ 0.00
Symmetry Group / Dec 5 Symmetry Group Limited(SYM)	34,391,285 ▲ 0.00
TPL Properties / Dec 5 TPL Properties Limited(TPLP)	33,952,255 ▲ 0.00

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