News Archives for Print - 2024-12-09

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Print - 2024-12-09

ERA: Lodhi elected president

LAHORE: The Education Reporters Association (ERA) held its annual elections at the Lahore College for Women...

Published 09 Dec, 2024 07:52am

PM, CM condole death of Ayaz Sadiq’s sister

LAHORE: Prime Minister Shehbaz Sharif and Chief Minister Mariam Nawaz Sharif on Sunday expressed deep grief and...

Published 09 Dec, 2024 07:42am

Champions Trophy: PM, PCB chief discuss matters

LAHORE: Pakistan Cricket Board (PCB) Chairman and Interior Minister Mohsin Naqvi called on Prime Minister Shehbaz...

Published 09 Dec, 2024 07:37am

BMP for raising tax-to-GDP ratio as collection shortfall likely to widen

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) on Sunday...

Published 09 Dec, 2024 07:23am

Capacity development of health workforce highlighted

LAHORE: Vice-Chancellor Fatima Jinnah Medical University Professor Khalid Masood Gondal highlighted the need for...

Published 09 Dec, 2024 07:20am

University of Education marks World Fisheries Day

FAISALABAD: The World Fisheries Day 2024 event was organized at the University of Education Faisalabad campus. On...

Published 09 Dec, 2024 07:17am

Ministry holding tests for appointment of 20 members of ATIR

ISLAMABAD: Ministry of Law and Justice on the directions of the prime minister is organizing a Qualifying Skills ...

Published 09 Dec, 2024 07:14am

Navy commemorates Gwadar Day

ISLAMABAD: Pakistan Navy commemorated Gwadar Day with full zeal, marking the 66th Anniversary of Gwadar’s merger...

Published 09 Dec, 2024 07:11am

US House to vote to provide $3bn to remove Chinese telecoms equipment

WASHINGTON: The US House of Representatives is set to vote next week on an annual defense bill that includes just...

Published 09 Dec, 2024 06:43am

Middle East

Former al Qaeda chief Abu Mohammed al-Golani led overthrow of Assad

BEIRUT: As the commander of al Qaeda’s franchise in the Syrian civil war, Abu Mohammed al-Golani was a shadowy...

Published 09 Dec, 2024 06:43am

Middle East

Hamas tells Gaza groups to identify hostages they hold

GAZA STRIP, (Palestinian Territories): Sources within Palestinian groups in Gaza said Sunday that Hamas had told ...

Published 09 Dec, 2024 06:43am

Gandapur rejects Bushra’s claim of leaving her alone

DERA ISMAIL KHAN: Khyber Pakhtunkhwa (KP) Chief Minister Ali Amin Gandapur has rejected Pakistan Tehreek-e-Insaf...

Published 09 Dec, 2024 06:43am

PPP, PML N panels likely to meet today

ISLAMABAD: The Pakistan People’s Party (PPP) committee on national affairs will likely to meet today (Monday) with...

Published 09 Dec, 2024 06:43am

Zardari summons NA session tomorrow

ISLAMABAD: President Asif Ali Zardari has summoned a session of the National Assembly (NA) to be held on Tuesday...

Published 09 Dec, 2024 06:43am

Poor FBR performance

The monthly Economic Update and Outlook was uploaded on the Finance Division website on 28 November 2024 with the ...

Updated 09 Dec, 2024 08:11am

Electricity tariffs: full cost recovery model no longer sustainable

In the energy sector, nothing seems to be working to increase consumption on the grid. The concept of full cost...

Updated 09 Dec, 2024 08:13am

Examining the Ministry of Energy’s new deforms and their implications

Since the unbundling of WAPDA, the National Transmission and Dispatch Company (NTDC) has been one of the few power...

Updated 09 Dec, 2024 08:23am

Unravelling of the Textile Sector

Pakistan’s textile industry, a key component of the economy and a full-spectrum value chain, is unravelling under...

Updated 09 Dec, 2024 08:21am

Europe

UK leader Starmer heads to Gulf to talk trade, Mideast

LONDON: Britain’s leader Keir Starmer makes his first trip to the Gulf as prime minister from Sunday, seeking to...

Published 09 Dec, 2024 06:43am

Europe

Romanians demand to vote after scrapped elections

BUCHAREST: Romanians on Sunday protested outside a voting station near Bucharest together with far-right ...

Published 09 Dec, 2024 06:43am

Middle East

Israel PM says ordered military to ‘seize’ Syria buffer zone

OCCUPIED JERUSALEM: Israeli Prime Minister Benjamin Netanyahu said Sunday he had ordered the Israeli military to...

Published 09 Dec, 2024 06:43am

Dr Yasir Nawab awarded PAS Gold Medal 2024

FAISALABAD: Dr. Yasir Nawab, Professor at National Textile University and currently acting as Vice Chancellor of the...

Published 09 Dec, 2024 06:43am

Superhighway area heaven for encroachers: PDP

KARACHI: The gateway of Karachi, Superhighway area has become a heaven for encroachers and hell for traffic as the...

Published 09 Dec, 2024 06:43am

JI demands unified education system

KARACHI: Jamaat-e-Islami (JI) Amir Hafiz Naeemur Rehman Sunday called for a unified education system with a single...

Published 09 Dec, 2024 06:43am

All scheduled banks: Hajj applications can be submitted till Tuesday

ISLAMABAD: Ministry of Religious Affairs has announced that Hajj applications can be submitted in all scheduled...

Updated 09 Dec, 2024 09:36am

Pakistani citizens in Syria: MoFA sets up CMU

ISLAMABAD: The Ministry of Foreign Affairs (MoFA) has announced the establishment of its Crisis Management Unit ...

Published 09 Dec, 2024 06:43am

42.3m individuals added to electoral rolls since GE-2013: FAFEN

ISLAMABAD: Over the past decade, Pakistan has experienced a substantial increase in the number of registered voters,...

Updated 09 Dec, 2024 09:23am

‘PTI founder has no future’: Protection of minorities’ rights govt’s top priority: Tarar

LAHORE: Minister for Information and Broadcasting Attaullah Tarar has said the founder of Pakistan Tehreek-e-Insaf...

Published 09 Dec, 2024 06:43am

Blind individuals: Jobs to be provided through DRCs: govt

KARACHI: In the wake of ongoing protest of blind persons outside Karachi Press Club, Tauha Ahmed Faruqui, Secretary,...

Published 09 Dec, 2024 06:43am

Annual ‘Chawmoss’ festival begins in Kalash valleys

PESHAWAR: The annual historical and ancient festival Chawmoss commenced in the captivating Kalash valleys of...

Published 09 Dec, 2024 06:43am

Heavy showers likely in some regions

KARACHI: Pakistan Meteorological Department informed that the national weather forecast indicated a shift in...

Published 09 Dec, 2024 06:43am

Relief goods for Malaysia

ISLAMABAD: Under the instructions of Prime Minister Shehbaz Sharif, the 1st batch of relief assistance for flood...

Published 09 Dec, 2024 06:43am

PM says govt to root out corruption

ISLAMABAD: Prime Minister Shehbaz Sharif has expressed the government’s commitment to root out corruption at every...

Published 09 Dec, 2024 06:43am

AJK govt withdraws controversial presidential ordinance

MUZZAFARABAD: The Azad Jammu and Kashmir (AJK) government on Sunday repealed the controversial presidential ...

Published 09 Dec, 2024 06:43am

MDCAT ‘retake exam’ successfully conducted across Sindh

ISLAMABAD: MDCAT Retake Exam has been conducted successfully across Sindh on 8th December 2024. On the directives of...

Published 09 Dec, 2024 06:43am

Elephant dies weeks after reunion with sister

KARACHI: An African elephant who had just recently been reunited with one of her sisters has died at Karachi Safari...

Published 09 Dec, 2024 06:43am

Middle East

Iran says only Syrians can decide on their country’s fate

DUBAI: Syria’s fate is the sole responsibility of the Syrian people and should be pursued without foreign...

Published 09 Dec, 2024 06:43am

Maryam receives a warm welcome in Beijing

BEIJING: Punjab Chief Minister Maryam Nawaz arrived in Beijing on Sunday on her eight days visit to China. On her...

Published 09 Dec, 2024 06:43am

The Weather

KARACHI: The weather report on Sunday (December 08, 2024) and the forecast for Monday (December 09, 2024)....

Published 09 Dec, 2024 06:43am

Letters

Interest rate risk on banking books in a declining rate scenario

It goes without saying that a cut in the interest rate by the State Bank of Pakistan has sparked quite some debate ...

Published 09 Dec, 2024 06:43am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday December 08, 2024

Published 09 Dec, 2024 06:43am

Commodities

First shipment of Egypt’s delayed Russian wheat purchase begins loading

CAIRO: The first shipment from Egypt’s purchase of 430,000 metric tons of Russian wheat began loading on Saturday,...

Published 09 Dec, 2024 06:43am

Energy

Saudi crude prices to Asia slump to four-year low

DUBAI: Saudi Aramco, the world’s biggest crude oil exporter, has cut its January 2025 prices for Asian buyers to the...

Published 09 Dec, 2024 06:43am

Commodities

Prices of food items show mixed trend

PESHAWAR: Mixed trend in prices of essential commodities including live chicken / meat, vegetable, flour, sugar and...

Published 09 Dec, 2024 06:43am

Cotton & Textile

Weekly Cotton Review: Spot rate declines as market faces fluctuations

KARACHI: The cotton market is currently experiencing a period of fluctuations. This year cotton production has seen ...

Published 09 Dec, 2024 06:43am

Stocks

FTSE 100 logs worst day in over 3-week

MUMBAI: Indian benchmark indexes logged their best week since June on Friday, led mainly by financials as the ...

Published 09 Dec, 2024 06:43am

Stocks

Indian benchmarks log best week in 6 months

MUMBAI: Indian benchmark indexes logged their best week since June on Friday, led mainly by financials as the ...

Published 09 Dec, 2024 06:43am

Stocks

Sri Lankan shares end higher

COLOMBO: Sri Lankan shares closed higher on Friday, aided mainly by gains in consumer staples and industrial ...

Published 09 Dec, 2024 06:43am

Stocks

Wall Street Week Ahead: Inflation report poses test for stocks rally as Fed meeting looms

NEW YORK: An inflation report in the coming week will test the strength of the record-setting US stocks rally and...

Published 09 Dec, 2024 06:43am

Stocks

Saudi stocks gain on US rate cut bets

DUBAI: Saudi Arabia’s stock market ended higher on Sunday as investors raised their bets on the prospect of a US...

Published 09 Dec, 2024 06:43am

Vawda speaks of former ISI chief’s court martial

KARACHI: Independent Senator Faisal Vawda has claimed that the Pakistan Tehreek-e-Insaf’s December 14 protest is...

Updated 09 Dec, 2024 09:36am

Rates

Largely stable

KARACHI: Rupee remained largely stable against the US dollar in the inter-bank market during the previous week. The...

Published 09 Dec, 2024 06:43am

Rates

Futures spread up 705bps

KARACHI: The futures spread increased by 705bps to 15.39 percent on the last day of the outgoing week. Trading...

Published 09 Dec, 2024 06:43am

Rates

Stocks hit highest-ever levels

KARACHI: Pakistan Stock Exchange continued its record breaking trend and hit new historic highest ever levels with...

Published 09 Dec, 2024 06:43am

Transit trade: Afghan CG opposes IDC imposed by KP govt

PESHAWAR: Afghan Consul General in Peshawar, Hafiz Mohibullah Shakir has opposed imposition of Infrastructure...

Published 09 Dec, 2024 06:43am

Money & Banking

Indian rupee ends higher as cenbank holds rates

MUMBAI: The Indian rupee strengthened on Friday on the back of a softer dollar and after the Indian central bank ...

Published 09 Dec, 2024 06:43am

Money & Banking

Rouble rebounds past 100 vs US dollar

MOSCOW: The Russian rouble rebounded past 100 to the US dollar, trading at 99.50 on Friday, after a decree by...

Published 09 Dec, 2024 06:43am

Elite capture

EDITORIAL: In economic terms an elite is defined as external rent seekers comprising of an entity or a group who...

Updated 09 Dec, 2024 08:08am

Navigating the LNG conundrum

EDITORIAL: Pakistan’s decision to defer an LNG purchase agreement with Qatar by a year - whether tied to the 2016...

Updated 09 Dec, 2024 08:09am

Companies

Airbus to cut 2,043 jobs in Defence and Space

PARIS: Airbus is cutting just over 2,000 Defence and Space jobs, or 6% of its second-largest division, including...

Published 09 Dec, 2024 06:43am

Companies

Citigroup rolls out AI tools for employees in eight countries

NEW YORK: Citigroup began rolling out on Wednesday new artificial intelligence tools to be used by employees in ...

Published 09 Dec, 2024 06:43am

Industry

PHMA concerned over worsening state of real estate

LAHORE: The Pakistan Hardware Merchant Association has raised serious concerns over the worsening state of the...

Published 09 Dec, 2024 06:43am

Companies

Bank Alfalah honoured at Pakistan Banking Awards 2024

KARACHI: Bank Alfalah has been honoured by Pakistan Banking Awards (PBA) with two prestigious accolades: the ‘Best...

Published 09 Dec, 2024 06:43am

Companies

PMEX appoints Khurram Zafar as CEO

KARACHI: Pakistan Mercantile Exchange Limited (PMEX) has appointed Khurram Zafar as the Chief Executive Officer...

Published 09 Dec, 2024 06:43am

Omnicom, Interpublic nearing merger: WSJ

Companies

Finance Minister Muhammad Aurangzeb says government is taking all necessary steps to digitalise revenue structure

Updated 09 Dec, 2024 02:49pm

Middle East

Israel shells north Gaza hospital, disrupting service

CAIRO: Palestinian health officials said on Sunday that Israeli forces had shelled the Kamal Adwan Hospital in the...

Updated 09 Dec, 2024 07:10am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.02 ▲ 0.41 (15.71%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.70 ▲ 0.46 (14.2%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
S.G.Power / May 15 S.G. Power Limited(SGPL)	8.65 ▲ 0.94 (12.19%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.83 ▲ 0.63 (12.12%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)

Stock	Price
Olympia Mills / May 15 Olympia Mills Limited(OML)	50.47 ▼ -5.06 (-9.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.65 ▼ -2.64 (-9.01%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	10.04 ▼ -0.91 (-8.31%)
Askari Life Assur. / May 15 Askari Life Assurance Company Limited(ALAC)	4.63 ▼ -0.35 (-7.03%)
Imperial Limited / May 15 Imperial Limited(IML)	16.52 ▼ -1.23 (-6.93%)
B. F. Mod. / May 15 B.F. Modaraba(BFMOD)	8.73 ▼ -0.61 (-6.53%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186.82 ▼ -11.54 (-5.82%)
Equity Modaraba / May 15 First Equity Modaraba(FEM)	2.85 ▼ -0.16 (-5.32%)
Pakgen Power / May 15 Pakgen Power Limited(PKGP)	114.14 ▼ -6.39 (-5.3%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.34 ▼ -0.68 (-5.22%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	50,818,876 ▲ 2.68
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	47,570,881 ▲ 0.48
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	40,246,546 ▲ 0.16
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	32,888,417 ▲ 0.18
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,667,657 ▲ 4.48
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	25,344,612 ▲ 0.91
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,773,148 ▲ 0.29
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	16,962,449 ▲ 3.34
B.O.Punjab / May 15 The Bank of Punjab(BOP)	16,957,410 ▲ 0.15
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	16,572,822 ▲ 0.03

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