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

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

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

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

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

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

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

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

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

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

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

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

‘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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday December 08, 2024

Published 09 Dec, 2024 06:43am

Now revenue leakages come under govt focus

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

Updated 09 Dec, 2024 02:49pm

FBR closes down sugar mill in Sindh

ISLAMABAD: The Federal Board of Revenue (FBR) has closed one sugar mill in Sindh, as the track-and-trace system and...

Updated 09 Dec, 2024 02:49pm

Private sector participation: PD urges Nepra to amend licencing regulations of Discos

ISLAMABAD: The Power Division has approached the National Electric Power Regulatory Authority (Nepra) to amend power...

Updated 09 Dec, 2024 02:49pm

Societies Registration Bill: Fazl postpones ‘Islamabad march’

KARACHI: Jamiat Ulema-e-Islam-F chief Maulana Fazlur Rehman has postponed the party’s march to Islamabad to...

Updated 09 Dec, 2024 02:51pm

Corporate Registry Department, Licensing and Registration Div: SECP delegates specified powers and functions

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has authorized its officials of the Corporate...

Updated 09 Dec, 2024 02:50pm

PBA urges PEMRA to reinstate TAM services

KARACHI: Pakistan Broadcasters Association (PBA) has formally requested the Pakistan Electronic Media Regulatory...

Updated 09 Dec, 2024 09:23am

IESCO starts implementing PM’s ‘winter package’

ISLAMABAD: Chief Executive IESCO, Muhammad Naeem Jan stated that in light of the winter facilitation package...

Updated 09 Dec, 2024 09:31am

IK forms panel for talks with govt

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan, currently imprisoned in Adiala Jail, has constituted a...

Updated 09 Dec, 2024 09:28am

Companies

Omnicom, Interpublic nearing merger: WSJ

NEW YORK: Advertising and marketing conglomerate Omnicom Group is in advanced talks to acquire Interpublic Group in...

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

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 / Jan 10	278.78
USD PKR Interbank Buying / Jan 10	278.58
USD to Japanese Yen / Jan 10	157.84
USD to Swiss Franc / Jan 10	0.92
Pound Sterling to USD / Jan 10	1.22
Euro to USD / Jan 10	1.02

Stock	Volume
S&P 500 / Jan 10	5,824.15
India Sensex / Jan 10	77,378.91
Tokyo Nikkei / Jan 10	39,100.40
Nasdaq / Jan 10	19,146.19
Hang Seng / Jan 10	19,064.29
FTSE 100 / Jan 10	8,248.49
Dow Jones / Jan 10	41,910.26
Germany DAX 30 / Jan 10	20,214.79

Item	Value
Gold 10 Grams PKR / Jan 9	237,483
Crude Oil USD/Barrel / Jan 10	76.56
Karachi Cotton PKR/37.32 KG / Jan 10	18,785
Gold Spot USD/Ounce / Jan 10	2,716.80
Cotton US¢/pound / Jan 10	67.01
Petrol/Litre / Jan 11	252.66

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 10 Chenab Limited(CHBL)	8.34 ▲ 1.00 (13.62%)
Pak Gen.Ins. / Jan 10 The Pakistan General Insurance Co. Ltd.(PKGI)	8.67 ▲ 0.89 (11.44%)
Tariq Corp.Pref. / Jan 10 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.76 ▲ 0.88 (11.17%)
Ist.Capital Sec / Jan 10 First Capital Securities Corporation(FCSC)	2.22 ▲ 0.22 (11.00%)
Sakrand Sugar / Jan 10 Sakrand Sugar Mills Limited(SKRS)	12.27 ▲ 1.12 (10.04%)
Dadex Eternit / Jan 10 Dadex Eternit Limited(DADX)	70.40 ▲ 6.40 (10.00%)
D.M. Textile / Jan 10 D.M. Textile Mills Limited(DMTX)	70.54 ▲ 6.41 (10.00%)
Khairpur Sug. / Jan 10 Khairpur Sugar Mills Limited(KPUS)	137.50 ▲ 12.50 (10.00%)
Mehmood Tex / Jan 10 Mehmood Textile Mills Limited(MEHT)	658.91 ▲ 59.90 (10.00%)

Stock	Price
First Capital Equities / Jan 10 First Capital Equities Limited(FCEL)	5.52 ▼ -0.67 (-10.82%)
S.G.Power / Jan 10 S.G. Power Limited(SGPL)	8.47 ▼ -1.00 (-10.56%)
JS Mom. Factor ETF / Jan 10 JS Momentum Factor ETF(JSMFETF)	13.42 ▼ -1.58 (-10.53%)
Liven Pharma / Jan 10 Liven Pharma Limited(LIVEN)	144.61 ▼ -16.07 (-10.00%)
Olympia Mills / Jan 10 Olympia Mills Limited(OML)	32.40 ▼ -3.60 (-10.00%)
Suhail Jute / Jan 10 Suhail Jute Mills Limited(SUHJ)	126.67 ▼ -14.07 (-10.00%)
Ali Asghar / Jan 10 Ali Asghar Textile Mills Limited(AATM)	63.85 ▼ -7.09 (-9.99%)
Blue-Ex Ltd / Jan 10 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Aisha Steel(ConPS) / Jan 10 Aisha Steel(ConPS)(ASLPS)	11 ▼ -1.20 (-9.84%)

Stock	Volume
WorldCall Telecom / Jan 10 Worldcall Telecom Limited(WTL)	195,296,323 ▼ -0.06
K-Electric Ltd. / Jan 10 K-Electric Limited(KEL)	48,682,503 ▼ -0.01
Cnergyico PK / Jan 10 Cnergyico PK Limited(CNERGY)	35,460,848 ▲ 0.06
Fauji Foods Ltd / Jan 10 Fauji Foods Limited(FFL)	31,825,296 ▲ 0.77
Pace (Pak) Ltd. / Jan 10 Pace (Pakistan) Limited(PACE)	23,629,459 ▲ 0.34
Pak Elektron / Jan 10 Pak Elektron Limited(PAEL)	23,144,464 ▲ 1.09
Lotte Chemical / Jan 10 Lotte Chemical Pakistan Limited(LOTCHEM)	19,944,268 ▼ -0.24
Air Link Com. / Jan 10 Air Link Communication Limited(AIRLINK)	15,918,682 ▼ -5.65
B.O.Punjab / Jan 10 The Bank of Punjab(BOP)	15,645,082 ▲ 0.01

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