News Archives for Print - 2024-12-12

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Print - 2024-12-12

12 major Chinese firms visit various sites of Dhabeji SEZ

KARACHI: A delegation of 12 major Chinese companies, accompanied by Special Assistant to the Chief Minister of Sindh...

Published 12 Dec, 2024 07:43am

40th SAARC Charter Day Celebration: South Asian leaders and business delegates unite for regional collaboration

ISLAMABAD: A high level delegation of South Asian leaders and business representatives led by Md. Jashim Uddin,...

Published 12 Dec, 2024 07:41am

Uplift schemes: Centre, KP agree to expedite pace of work

PESHAWAR: Chairman of the Prime Minister Inspection Commission, Brigadier Muzaffar Ali Ranjha (R) called on Chief...

Published 12 Dec, 2024 07:39am

Japan announces new $3.1m grant for oral polio vaccines

ISLAMABAD: The Government of Japan has announced a new $3.1 million grant to procure essential oral polio vaccines ...

Published 12 Dec, 2024 07:36am

ASF foils drug smuggling attempt

KARACHI: Airport Security Force (ASF) on Wednesday claimed to have foiled a drug smuggling attempt at Karachi...

Published 12 Dec, 2024 07:34am

Drought warning for several parts of southern region issued

KARACHI: The Met Office on Wednesday issued a drought warning for several parts of the country’s southern region,...

Published 12 Dec, 2024 07:32am

PTI chairman addresses NA, demands govt provide justice to party

ISLAMABAD: With call to form an independent high-powered judicial commission to probe into May 9 and November 26...

Published 12 Dec, 2024 07:32am

‘Missing’ PTI workers: ‘We don’t know whether they are alive or dead,’ Shibli tells Senate

ISLAMABAD: The D-Chowk debacle has resonated in the upper house of the Parliament too — with Pakistan...

Published 12 Dec, 2024 07:27am

Energy

Minister seeks presentation on Discos’ sell-off plan

ISLAMABAD: Federal Minister for Privatization Abdul Aleem Khan on Wednesday directed the Ministry of Power to ...

Published 12 Dec, 2024 07:25am

IHC issues notice to ECP on Naqvi’s nomination papers for Senate polls

ISLAMABAD: The Islamabad High Court (IHC) issued notice to the Election Commission of Pakistan (ECP) in response to ...

Published 12 Dec, 2024 07:24am

Taxes

SUVs/EVs: FBR chairman briefs Senate body on chargeability of FED

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial on Wednesday informed that Ministry of ...

Published 12 Dec, 2024 07:23am

PM offers condolences over death of Speaker Sadiq’s sister

ISLAMABAD: Prime Minister Shehbaz Sharif expressed condolences with Speaker Sardar Ayaz Sadiq on the death of his...

Published 12 Dec, 2024 07:20am

There’s improvement in overall business confidence: OICCI

KARACHI: Better economic growth, improvement in exchange rate and decline in inflation have contributed to the...

Published 12 Dec, 2024 07:15am

Commodities

Gold prices soar

KARACHI: Gold prices galloped on Wednesday, reflecting a sharp rise in global rates, traders said. Midweek trade saw...

Published 12 Dec, 2024 07:12am

Cotton & Textile

Cotton market: Buyers conspicuous by their absence

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

Published 12 Dec, 2024 07:11am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (December 11, 2024)...

Published 12 Dec, 2024 07:10am

Commodities

Dalian iron ore retreats

SINGAPORE: Dalian iron ore futures prices retreated on Wednesday but hovered near two-month highs, as investors...

Published 12 Dec, 2024 07:08am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 177,794 tonnes of cargo comprising 118,573 tonnes of import cargo and 59,221...

Published 12 Dec, 2024 07:08am

Commodities

Palm oil lower on profit-booking

JAKARTA: Malaysian palm oil futures extended loss on Wednesday, as traders booked profits following early gains that...

Published 12 Dec, 2024 07:07am

Energy

Oil prices rise

HOUSTON: Oil prices rose more than 1% on Wednesday after the European Union agreed an additional round of sanctions...

Published 12 Dec, 2024 07:06am

Commodities

Dollar weighs on copper

LONDON: Copper prices fell on Wednesday in response to a stronger US dollar, paring gains that drove the market to...

Published 12 Dec, 2024 07:05am

Commodities

Gold prices move up

NEW YORK: Gold gained on Wednesday after an inflation print came in line with expectations, boosting the likelihood...

Published 12 Dec, 2024 07:04am

Commodities

Tighter US supply outlook holds corn near its highest since

CANBERRA/PARIS: Chicago corn futures climbed on Wednesday and were near their highest levels since June 25 after the...

Published 12 Dec, 2024 07:03am

Commodities

Japanese rubber futures climb

SINGAPORE: Japanese rubber futures gained ground on Wednesday, snapping a two-day losing streak, as concerns over...

Published 12 Dec, 2024 07:02am

Energy

US natgas prices climb

NEW YORK: US natural gas futures climbed about 4% to a one-week high on Wednesday on forecasts for colder weather ...

Published 12 Dec, 2024 07:00am

Stocks

Nikkei reverses course to close tad higher

TOKYO: Japan’s Nikkei share average erased losses to end marginally higher on Wednesday as investors bought back...

Published 12 Dec, 2024 06:59am

Stocks

Indian shares muted ahead of domestic data

MUMBAI: Indian shares were little changed on Wednesday, as investors awaited key U.S and domestic inflation data for...

Published 12 Dec, 2024 06:58am

Stocks

China stocks range-bound as investors eye economic meeting

HONG KONG: China traded in a narrow range on Wednesday as investors awaited a key economic policy meeting for clues...

Published 12 Dec, 2024 06:51am

Money & Banking

Dollar little changed after CPI

NEW YORK: The dollar was little changed on Wednesday after US price data came in line with forecasts, reinforcing...

Published 12 Dec, 2024 06:50am

Stocks

European shares close up after US inflation data

FRANKFURT: European stocks recouped earlier losses and closed up on Wednesday, as investors added to bets that the...

Published 12 Dec, 2024 06:49am

Money & Banking

Asian currencies retreat ahead of US inflation data

BENGALURU: A gauge of emerging Asian equities and currencies declined on Wednesday, as investors awaited US ...

Published 12 Dec, 2024 06:45am

‘4pc reduction in inflation should be announced in new monetary policy’

KARACHI: Hanif Lakhani, former senior vice president of the Karachi Chamber of Commerce and Industry (KCCI) and...

Published 12 Dec, 2024 06:42am

Consumer Health Expo estimated to generate $20m in deals

KARACHI: The 10th edition of the Beauty, Fitness, Consumer Health Expo and ICPF (Household & Stationery ...

Published 12 Dec, 2024 06:40am

Court Elahi last opportunity to appear for indictment

LAHORE: A special court for anti-corruption on Wednesday expressed its serious displeasure over the continuous...

Published 12 Dec, 2024 06:40am

ATC extends physical remand of 9 PTI workers

ISLAMABAD: The Anti-Terrorism Court (ATC) on Wednesday extended the physical remand of nine Pakistan Tehreek-e-Insaf...

Published 12 Dec, 2024 06:40am

Ayaz advocates more connectivity, fostering co-operation among legislatures

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq said that enhancing connectivity and fostering close...

Published 12 Dec, 2024 06:32am

CM’s Skilled Punjab Programme launched

LAHORE: Aligned with the Chief Minister of Punjab, Maryam Nawaz Sharif’s mission, the Punjab Skills Development...

Published 12 Dec, 2024 06:29am

The Weather

KARACHI: The weather report on Wednesday (December 11, 2024) and the forecast for Thursday (December 12, 2024)...

Published 12 Dec, 2024 06:01am

2034 World Cup in Saudi Arabia puts lives at risk: AI, other rights groups

PARIS: FIFA’s decision to award the 2034 World Cup to Saudi Arabia puts the lives of construction workers at risk...

Published 12 Dec, 2024 06:01am

UAE envoy calls on Dar

ISLAMABAD: Ambassador of the UAE Hamad Obaid Ibrahim Al Zaabi called on Deputy Prime Minister/Foreign Minister...

Published 12 Dec, 2024 06:01am

Russia teams up with BRICS to create AI alliance, Putin says

MOSCOW: President Vladimir Putin said on Wednesday that Russia would develop artificial intelligence with BRICS...

Published 12 Dec, 2024 06:01am

Europe

Ukraine hits Russian border regions, sets oil depot ablaze

KYIV: Ukraine attacked Russian border regions with missiles and drones early Wednesday, sparking a fire at an oil...

Published 12 Dec, 2024 06:01am

Europe

EU says states can limit asylum rights for migrants ‘weaponised’ by Russia

BRUSSELS: The European Union said Wednesday that member states bordering Russia and Belarus can limit the right of...

Published 12 Dec, 2024 06:01am

Europe

UK farmers stage tractor protest over new inheritance tax

LONDON: British farmers lined up tractors outside parliament in London on Wednesday, in protest over the...

Published 12 Dec, 2024 06:01am

Middle East

New Syria PM says all religious groups’ rights ‘guaranteed’

DAMASCUS: Syria’s new prime minister said the Islamist-led alliance that ousted president Bashar al-Assad will...

Published 12 Dec, 2024 06:01am

Seminar on ‘Trauma Audit’: VC FJMU speaks about criticality of emergency medicine department

LAHORE: The Vice Chancellor, Fatima Jinnah Medical University (FJMU) Prof Khalid Masood Gondal has said that the...

Published 12 Dec, 2024 06:01am

Anti-polio drive in Punjab from 16th

LAHORE: Punjab is set to launch a comprehensive anti-polio drive from December 16 across the province. The ...

Published 12 Dec, 2024 06:01am

Kaira criticises PTI for its approach to talks

LAHORE: Senior Pakistan Peoples Party (PPP) leader and former federal minister for information, Qamar Zaman Kaira,...

Published 12 Dec, 2024 06:01am

Punjab govt says committed to providing basic amenities: minister

LAHORE: Punjab Provincial Local Government Minister Zeeshan Rafiq has said that the Punjab government was fully...

Published 12 Dec, 2024 06:01am

Governor, PST body discuss seminaries’ bill

LAHORE: A delegation led by Pakistan Sunni Tehreek (PST) President, Hafiz Sarwat Ijaz Qadri met with Governor Punjab...

Published 12 Dec, 2024 06:01am

Customs arranges awareness seminar on reforms

ISLAMABAD: Pakistan Customs Karachi arranged an awareness seminar on the reforms introduced under the transformation...

Published 12 Dec, 2024 06:01am

HOTA orders a hospital to stop kidney transplantation

ISLAMABAD: Following the directives of the Ministry of National Health Services and Regulations, the administrator ...

Published 12 Dec, 2024 06:01am

Imran had habit of harming his benefactors: Azma

LAHORE: Punjab Information Minister Azma Bukhari said on Wednesday that those who kept creating a ‘hullabaloo’...

Published 12 Dec, 2024 06:01am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (December 11, 2024). ====================================...

Published 12 Dec, 2024 06:01am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (December 11, 2024). =======================================...

Published 12 Dec, 2024 06:01am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (December 11, 2024)...

Published 12 Dec, 2024 06:01am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (December 11, 2024)....

Published 12 Dec, 2024 06:01am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (December 11, 2024). ========================== ...

Published 12 Dec, 2024 06:01am

Rates

LME official prices

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

Published 12 Dec, 2024 06:01am

Agricultural products: Impact of ICT adoption on consumer purchase intentions

This article is based on outcome of recently attended 2nd International NSPP Public Conference on Food Security,...

Updated 12 Dec, 2024 08:26am

Energy

Remarks on CASA-1000 project: Tajik minister seeks clarification from power minister

ISLAMABAD: Tajikistan’s Minister for Energy and Water Resources, Juma Daler Shofaqir, has reportedly sought...

Published 12 Dec, 2024 06:01am

Letters

Crony capitalism in India

Indian prime minister Narendra Modi’s Bharatiya Janata Party (BJP) has accused the US State Department and “deep...

Published 12 Dec, 2024 06:01am

Economic repercussions of reliance on cotton imports

Pakistan’s economy is fundamentally rooted in agriculture, with cotton serving as the cornerstone of its...

Updated 12 Dec, 2024 08:11am

Who won, who lost in Syria?

Who cares about learning a lesson when a really big prize is in sight? So, from the point of view of the US whose...

Updated 12 Dec, 2024 08:08am

PARTLY FACETIOUS: Where is the retired Captain Safdar?

“It’s not easy to let power go.” “Not relevant in the Land of the Pure. Here it is essential to first...

Published 12 Dec, 2024 06:01am

Kurram lawyers warn protest over closure of main highway

ISLAMABAD: The Kurram District Bar Association has warned of massive lawyers’ movement over the prolonged closure...

Published 12 Dec, 2024 06:01am

May 9, Nov 24: Omar underscores need for judicial probe

ISLAMABAD: The opposition leader in National Assembly Omar Ayub on Wednesday said that the party has submitted a...

Published 12 Dec, 2024 06:01am

Pak delegation visit US to secure Aafia Siddiqui’s release

ISLAMABBAD: A high-level delegation of the Senate of Pakistan has arrived in Dallas, tasked with advancing efforts ...

Published 12 Dec, 2024 06:01am

PITB, PPRA organise e-procurement training session

LAHORE: In collaboration with the Punjab Procurement Regulatory Authority (PPRA), the Punjab Information Technology...

Published 12 Dec, 2024 06:01am

Sindh Senior Citizen Card to facilitate with basic amenities: Minister

KARACHI: Sindh is the first province to issue the Sindh Senior Citizen Card, which will facilitate senior citizens...

Published 12 Dec, 2024 06:01am

Energy

SSGC disconnects 4,964 illegal gas connections

KARACHI: Sui Southern Gas Company Ltd. (SSGC) has disconnected a record 4,964 illegal gas connections during the ...

Published 12 Dec, 2024 06:01am

TDF Magnifi Science Thar Expo held: Thar’s students can compete globally with right training: minister

KARACHI: Provincial Minister for Education and Literacy Syed Sardar Ali Shah said that the children of Thar possess...

Published 12 Dec, 2024 06:01am

Burying the hatchet? Govt, PTI opt for parliamentary platform

ISLAMABAD: The government and Pakistan Tehreek-e-Insaf (PTI) have decided to use the platform of Parliament for...

Published 12 Dec, 2024 06:01am

Housing scam: NAB arrests ex-senator Waqar

LAHORE: The National Accountability Bureau (NAB) on Wednesday arrested the owner of Pak Arab Housing Society and...

Published 12 Dec, 2024 06:01am

SC bench questions legality: ‘Phone tapping can only be authorised by a judge’

ISLAMABAD: The Constitutional Bench of the Supreme Court after raising concerns over existing laws questioned the...

Published 12 Dec, 2024 06:01am

Rates

Equities roar back

KARACHI: Pakistan Stock Exchange (PSX) on Wednesday witnessed posted strong recovery supported by healthy buying...

Published 12 Dec, 2024 06:01am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (December 11, 2024)....

Published 12 Dec, 2024 06:01am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (December 11, 2024). ======================== Open ...

Published 12 Dec, 2024 06:01am

Forex

Open market rates of foreign currencies

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

Published 12 Dec, 2024 06:01am

Currency values in terms of Special Drawing Rights

Forex

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 1	280.50
USD PKR Interbank Buying / Jan 1	280.25
USD to Japanese Yen / Jan 1	142.63
USD to Swiss Franc / Jan 1	0.82
Pound Sterling to USD / Jan 1	1.32
Euro to USD / Jan 1	1.14
UK LIBOR % / Jan 1	4.96

Stock	Volume
S&P 500 / Jan 1	5,275.70
India Sensex / Jan 1	76,836.35
Tokyo Nikkei / Jan 1	34,158.36
Nasdaq / Jan 1	16,307.16
Hang Seng / Jan 1	21,378.44
FTSE 100 / Jan 1	8,275.60
Dow Jones / Jan 1	39,669.39
Germany DAX 30 / Jan 1	21,311.02
France CAC40 / Jan 1	7,329.97

Item	Value
Petrol/Litre / Jan 1	254.63
Crude Oil USD/Barrel / Jan 1	63.21
Karachi Cotton PKR/37.32 KG / Jan 1	16,985
Gold 10 Grams PKR / Jan 1	298,353
Gold Spot USD/Ounce / Jan 1	3,341.41
Diesel/Litre / Jan 1	258.64
Cotton US¢/pound / Jan 1	66.76

Gainers
Losers
Leaders

Stock	Price
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.84 ▲ 0.76 (12.5%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.48 ▼ -0.46 (-11.68%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.84 ▼ -1.56 (-9.51%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.52 ▼ -4.7 (-8.67%)
Bawany Air Products / Apr 17 Bawany Air Products Limited(BAPL)	32.39 ▼ -2.92 (-8.27%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.40 ▼ -1.2 (-8.22%)
Jahangir Sidd(Pref) / Apr 17 Jahangir Sidd(Pref)(JSCLPSA)	8.85 ▼ -0.6 (-6.35%)
Sanghar Sugar / Apr 17 Sanghar Sugar Mills Limited(SANSM)	50.83 ▼ -3.24 (-5.99%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	340.04 ▼ -19.97 (-5.55%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,794,610 ▲ 3.81
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,321,095 ▲ 0.15
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,945,036 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,949,781 ▲ 1.19
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,604,549 ▲ 4.2
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,865,718 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,613,210 ▲ 0.21
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,679 ▲ 1.06
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,975,030 ▲ 0.09
United BankXD / Apr 17 United Bank Limited(UBL)	10,968,701 ▲ 16.02

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