News Archives for Print - 2024-12-14

Print - 2024-12-14

Drug traffickers: ANF emphasises judicial reforms

ISLAMABAD: The Anti-Narcotics Force (ANF) DG Maj Gen Abdul Moeed has said the force faces significant challenges in...

Published 14 Dec, 2024 09:01am

Cargo plane makes emergency landing at JIA

KARACHI: A cargo plane made an emergency landing after one of its engines failed shortly after takeoff at Jinnah...

Published 14 Dec, 2024 09:00am

Companies

CCP approves acquisition of assets of M/s JKSML by M/s NBC

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of assets of M/s JK Sugar Mills...

Published 14 Dec, 2024 08:59am

Companies

Chinese company to set up battery manufacturing plant in Punjab

LAHORE: A Chinese lithium battery manufacturing company has announced to set up a plant in Punjab and an agreement...

Published 14 Dec, 2024 08:57am

Conference on tourism for diplomats held

ISLAMABAD: The Africa Division of the Ministry of Foreign Affairs hosted a conference on tourism for diplomats under...

Published 14 Dec, 2024 08:55am

EPD raids steel mills and factories

LAHORE: The Environmental Protection Department (EPD), under its ongoing crackdown against polluters, conducted ...

Published 14 Dec, 2024 08:53am

‘54pc of children exposed to violent content on Internet’

ISLAMABAD: A survey conducted by a global cybersecurity company revealed that 54 percent of children have been...

Published 14 Dec, 2024 08:52am

‘Currency smugglers take advantage of no counter of declaration at border’

LAHORE: Currency smugglers are taking advantage of the absence of a counter of declaration and facility of...

Published 14 Dec, 2024 08:50am

Governor for forging unity to defeat conspiracies

LAHORE: The Governor Punjab Sardar Saleem Haider Khan said on Friday that Pakistan is currently facing internal and...

Published 14 Dec, 2024 08:47am

Dr Fouzia Siddiqui’s passport: IHC directs Foreign Affairs secy to ensure return

ISLAMABAD: The Islamabad High Court (IHC) directed the Foreign Affairs secretary to ensure the return of Dr Fouzia...

Published 14 Dec, 2024 08:43am

Companies

Solar financing for Acumen: Infra Zamin and Saudi Pak ink Rs1.28bn landmark deal

KARACHI: Infra Zamin Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark...

Published 14 Dec, 2024 08:42am

10th edition of HBL-PSL: Foreign players’ registration process opens

LAHORE: The registration window for foreign players to register themselves for the 10th edition of HBL Pakistan ...

Published 14 Dec, 2024 08:15am

Commodities

Gold prices fall

KARACHI: Gold prices saw a mammoth fall on Friday after the global bullion market tumbled to recede below $ 2,700 ...

Published 14 Dec, 2024 08:14am

Agriculture and Allied

Grand National Olive Gala inaugurated

ISLAMABAD: Minister for National Food Security and Research (MNFS&R) Rana Tanveer Hussain inaugurated the Grand...

Published 14 Dec, 2024 08:12am

Indonesia wants to promote trade with Pakistan: CG

KARACHI: Indonesian Acting Consul General Teguh Wiweko is optimistic about the potential for promoting trade between...

Published 14 Dec, 2024 08:10am

KATI urges SBP to cut policy rate by 500bps

KARACHI: President of the Korangi Association of Trade and Industry (KATI), Junaid Naqi Friday urged the State Bank...

Published 14 Dec, 2024 08:09am

Companies

Kohat Textile Mills installs 3MW new solar plant

PESHAWAR: Kohat Textile Mills Limited, a subsidiary of the Saif Group has installed 3 megawatts additional solar...

Published 14 Dec, 2024 08:07am

Lt-Commander Syed Arsalan honoured

ISLAMABAD: Lieutenant Commander Syed Muhammad Arsalan of the Pakistan Navy has been awarded the prestigious Golden...

Published 14 Dec, 2024 08:05am

Meeting with Nestle officials

ISLAMABAD: Chairperson BISP Rubina Khalid and Secretary BISP Amer Ali Ahmad met with the officials of Nestle...

Published 14 Dec, 2024 08:00am

Use of AI: Minister for global regulatory framework

ISLAMABAD: Federal Minister for Information Attaullah Tarar emphasised the need for a global regulatory framework to...

Published 14 Dec, 2024 07:55am

Ministers’ continuous absence: NA Deputy Speaker says letter written to PM

ISLAMABAD: National Assembly Deputy Speaker Syed Ghulam Mustafa Shah said that we have written a letter with the...

Published 14 Dec, 2024 07:54am

PDWP approves 3 development schemes

LAHORE: The Provincial Development Working Party (PDWP) of Punjab on Friday approved three development schemes...

Published 14 Dec, 2024 07:53am

Physical remand of Waqar Ahmad extended

LAHORE: An accountability court on Friday extended physical remand of former senator Waqar Ahmad Khan for three days...

Published 14 Dec, 2024 07:51am

Negotiations with govt: Sahibzada Hamid, Raja Abbas included to IK’s body

ISLAMABAD: The formal talks between the government and the beleaguered Pakistan Tehreek-e-Insaf (PTI) is yet to...

Published 14 Dec, 2024 07:48am

Private medical colleges: Senate panel directs PMDC to check surge in fees

ISLAMABAD: A parliamentary panel on Friday while expressing serious concerns over manifold increase in fees by the...

Published 14 Dec, 2024 07:47am

Aqib Javed named interim red-ball head coach

LAHORE: The Pakistan Cricket Board (PCB) has named Aqib Javed as interim red-ball head coach of the Pakistan men’s...

Published 14 Dec, 2024 07:42am

Use of data stressed for sustainable growth

ISLAMABAD: Prime Minister's Coordinator on Climate Change Romina Khurshid Alam emphasised the transformative power ...

Published 14 Dec, 2024 07:38am

SJC disposes of 30 complaints

ISLAMABAD: The Supreme Judicial Council (SJC), on Friday, disposed of 30 complaints and sought comments in five...

Published 14 Dec, 2024 07:36am

World Bank approves $240m for Karachi’s water & sanitation project

KARACHI: The World Bank has approved $240 million to improve water and sewerage services in Karachi through the...

Published 14 Dec, 2024 07:34am

‘Huge disappointment’ at the attitude of top polluters

THE HAGUE: As marathon climate change hearings wrapped up Friday at the world’s top court, a representative for...

Published 14 Dec, 2024 07:32am

Middle East

‘Friday of victory’: Mass rallies across Syria celebrate end of Assad

DAMASCUS: Thousands of jubilant people rallied in cities across Syria, including at a landmark mosque in the capital...

Published 14 Dec, 2024 07:26am

Madrassah registration: President says ‘new law is unnecessary’

ISLAMABAD: President Asif Ali Zardari raised objections on the Societies Registration (Amendment) Bill, 2024...

Updated 14 Dec, 2024 09:44am

May 9 cases: SC conditionally allows army to announce verdicts

ISLAMABAD: The constitutional bench of the Supreme Court, on Friday, conditionally allowed military courts to...

Published 14 Dec, 2024 06:46am

Forces kill 43 terrorists in Balochistan, KP operations

ISLAMABAD: Security forces have successfully neutralised 43 terrorists since December 9, 2024, during extensive...

Published 14 Dec, 2024 06:46am

Corrigendum

This is apropos a news item ‘’Nepra to approve Rs27/unit negative adjustment’’ carried by the newspaper...

Published 14 Dec, 2024 06:46am

Free healthcare services: Zong4G teams up with Alkhidmat Foundation

KARACHI: Zong4G collaborated with Alkhidmat Foundation to deliver free healthcare services in Sindh under its...

Published 14 Dec, 2024 06:46am

Pemra resolves 390 complaints in two years, Senate told

ISLAMABAD: Faced with public backlash for allegedly imposing undeclared curbs on the media, the federal government...

Published 14 Dec, 2024 06:46am

May 9, Nov 26 incidents: PTI demands high-powered judicial commission

ISLAMABAD: Senior Pakistan Tehreek-e-Insaf (PTI) leader Asad Qaiser on Friday reiterated his party’s demand for a...

Published 14 Dec, 2024 06:46am

Cold weather to persist

KARACHI: The overnight intermittent spells of cold wave battered the megacity on Friday, as the Met Office has...

Published 14 Dec, 2024 06:46am

Ex-governor Punjab visits GCUF

FAISALABAD: Former governor of Punjab Lt Gen Khalid Maqbool HI(M) (R) paid a courtesy visit to Vice Chancellor Prof...

Published 14 Dec, 2024 06:46am

Over 318 stranded Pakistanis arrive from Syria

ISLAMABAD: Over 318 Pakistanis, stranded in Syria safely arrived here on Friday via Beirut. The National Disaster...

Updated 14 Dec, 2024 09:07am

Walking is a blessing

Walking is such a blessing. You realize when, for one reason or the other, this God given gift is restricted or...

Updated 14 Dec, 2024 08:36am

PARTLY FACETIOUS: ‘Ex’ is not an epithet; it’s a prefix

“Do we have an award with the title of Person of the Year?” “Well, we have other much coveted titles.” “For...

Updated 14 Dec, 2024 08:30am

Companies

BoK partners with Peshawar General Hospital

PESHAWAR: Bank of Khyber (BoK) has taken another step toward promoting financial inclusion by signing a Memorandum ...

Published 14 Dec, 2024 06:46am

8th AHC-PCB Girls’ Cricket Cup: Australia empowering girls through cricket

ISLAMABAD: The Australian High Commission (AHC) and the Pakistan Cricket Board (PCB), with the support of Serena...

Published 14 Dec, 2024 06:46am

Sindh extending support to Rescue 1122, Fire Dept: minister

KARACHI: “Sindh government has been extending the best possible support to Rescue 1122 and KMC’s Fire Department...

Published 14 Dec, 2024 06:46am

The Weather

KARACHI: The weather report on Friday (December 13, 2024) and the forecast for Saturday (December 14, 2024)...

Published 14 Dec, 2024 06:46am

DPF jumps 48pc to Rs148bn by FY24-end

KARACHI: In a significant milestone reflecting robust financial health, the Deposit Protection Fund (DPF), managed...

Updated 14 Dec, 2024 11:34am

Rates

Volatility fails to dampen rally

KARACHI: Pakistan Stock Exchange on Friday witnessed a highly volatile session and after moving in both directions,...

Published 14 Dec, 2024 06:46am

Captive power plants: Govt talking with IMF, others to avoid closure

ISLAMABAD: Federal Minister for Petroleum Musadik Malik said the government is having negotiations with the...

Updated 14 Dec, 2024 11:34am

MoEA concerned about slow work at DHP

ISLAMABAD: The Ministry of Economic Affairs has expressed its serious concern on the slow implementation of 4,320MW...

Updated 14 Dec, 2024 09:34am

Energy

PM orders reduction in power tariffs

ISLAMABAD: In a bid to bring down the soaring electricity tariffs, Prime Minister Shehbaz Sharif directed the...

Published 14 Dec, 2024 06:46am

Income Tax Ordinance 2001: Commissioner does not fall under definition of ‘person’: ATIR Islamabad

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) Islamabad has ruled that commissioner does not fall under...

Updated 14 Dec, 2024 09:43am

Pak-EU ties make significant strides since grant of GSP

ISLAMABAD: Pakistan and the European Union (EU) have acknowledged that since the grant of GSP status in 2014, the...

Updated 14 Dec, 2024 09:33am

Various areas: Pakistan, Tajikistan agree to boost cooperation

ISLAMABAD: Pakistan and Tajikistan agreed on Friday to further strengthen cooperation in a number of areas including...

Updated 14 Dec, 2024 09:06am

Stocks

Sri Lanka shares end higher

COLOMBO: Sri Lankan shares closed higher on Friday, aided by gains in IT and financials stocks. The CSE All Share...

Published 14 Dec, 2024 06:46am

Stocks

Wall Street pressured by rising bond yields

NEW YORK: Wall Street’s main indexes were muted in choppy trading on Friday as yields on government bonds ticked...

Published 14 Dec, 2024 06:46am

Stocks

Europe’s STOXX 600 snaps three-week winning streak

FRANKFURT: European stocks slipped on Friday, taking the main benchmark to its first weekly decline in three, as...

Published 14 Dec, 2024 06:46am

Stocks

Real estate and industrial stocks lift Dubai

DUBAI: Dubai’s main share index closed higher on Friday, in line with oil prices, boosted by gains in real estate...

Published 14 Dec, 2024 06:46am

Stocks

China stocks slide for the week as policy pledges fail to impress

SINGAPORE: Chinese stocks recorded the heaviest losses in three weeks on Friday after a readout from a major ...

Published 14 Dec, 2024 06:46am

Stocks

Japan’s Nikkei ends lower

TOKYO: Japan’s Nikkei share average ended lower on Friday, as investors locked in profits following a four-session...

Published 14 Dec, 2024 06:46am

Energy

OGDCL announces gas, condensate discovery at Bettani-02 well

KARACHI: Oil and Gas Development Company Limited (OGDCL), the operator of Wali Exploration License with a 100 ...

Published 14 Dec, 2024 06:46am

Cotton & Textile

Cotton market remains steady

LAHORE: The local cotton market on Friday remained steady and the trading volume improved a little bit. Cotton...

Published 14 Dec, 2024 06:46am

Less than modest economic recovery?

International Monetary Fund (IMF) programme under the Extended Fund Facility rolled out this September has spurred...

Updated 14 Dec, 2024 08:32am

Letters

‘Pakistan’s economic outlook 2025: inflation, growth, & debt’

This is apropos a Business Recorder op-ed “Pakistan’s economic outlook 2025: inflation, growth, & debt”...

Published 14 Dec, 2024 06:46am

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 14 Dec, 2024 06:46am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (December 13, 2024). ========================== KIBOR...

Published 14 Dec, 2024 06:46am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (December...

Published 14 Dec, 2024 06:46am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (December 13, 2024). ======================== Open Bid...

Published 14 Dec, 2024 06:46am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (December 13, 2024)....

Published 14 Dec, 2024 06:46am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (December 13, 2024). ==================================== BR...

Published 14 Dec, 2024 06:46am

Special Economic Zones: Entities asked to address issues facing investors

BoI holds meeting of Working Group on SEZs in response to request from Special Investment Facilitation Council, as per well-informed sources

Updated 14 Dec, 2024 11:33am

Chinese investors ink five MoUs in Karachi

KARACHI: Chinese and Pakistani diplomats signed memorandums of understanding (MoUs) here for five projects in...

Updated 14 Dec, 2024 09:45am

Govt envisages increasing IT sector exports to $4.2bn

ISLAMABAD: Amid admission that a substantial portion of IT exports revenue remains un-remitted, the government...

Updated 14 Dec, 2024 09:34am

New corridors being added: Minister unveils plans for CPEC upgrade in Phase-II

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal revealed plans to upgrade...

Updated 14 Dec, 2024 09:26am

MPS on Monday

KARACHI: The Monetary Policy Committee (MPC) of the SBP will meet on Monday (Dec 16) 2024 to decide the monetary...

Published 14 Dec, 2024 06:46am

Agriculture and Allied

Sufficient fertiliser stock available

ISLAMABAD: A high-level Cabinet Committee has observed on Friday that there are sufficient and stable stocks of...

Published 14 Dec, 2024 06:46am

Statistics

SPI-based inflation rises slightly

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended December 12, 2024, increased by 0.07...

Published 14 Dec, 2024 06:46am

Money & Banking

Dollar heads for strongest week in a month

NEW YORK: The dollar headed for its best weekly performance in a month on Friday, as investors priced in the...

Published 14 Dec, 2024 06:46am

Money & Banking

Asian currencies weaken on dollar strength

BENGALURU: Asian emerging market currencies dropped on Friday as the US dollar and treasury yields strengthened ...

Published 14 Dec, 2024 06:46am

Industry

Increase in sugar price: PSMA-PZ denies reports

LAHORE: Pakistan Sugar Mills Association (Punjab Zone) stated that baseless rumors are being spread by speculators...

Published 14 Dec, 2024 06:46am

Industry

PRGMEA recognises issue of Scope 3 gas emissions

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has recognized the urgency...

Published 14 Dec, 2024 06:46am

Industry

Electricity bills: LCCI for withdrawing fixed charges, reducing taxes

LAHORE: The Lahore Chamber of Commerce & Industry has demanded of the government to withdraw fixed charges and...

Published 14 Dec, 2024 06:46am

Huawei to help Punjab govt transform Lahore into ‘modern digital city’

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif spent a busy 5th day during her China visit, as she visited Huawei...

Published 14 Dec, 2024 06:46am

President Xi’s warning

EDITORIAL: Chinese President Xi has warned the incoming Trump administration that there will be no winners in a ...

Updated 14 Dec, 2024 08:25am

Curbs on digital freedoms

EDITORIAL: In yet another example of how the government’s high-handed approach towards controlling of digital...

Updated 14 Dec, 2024 08:27am

Industry

PAA chairman receives AFAA Award

KARACHI: Ahmed Kapadia, Chairman of the Pakistan Advertising Association (PAA) and Synergy Group, received the...

Published 14 Dec, 2024 06:46am

Tanveer advocates 500 basis points cut in policy rate

LAHORE: S M Tanveer, Patron-in-Chief UBG-BMPP, has urged the government to support economic growth by reducing ...

Published 14 Dec, 2024 06:46am

PSX sees seven IPOs in 2024, highest in last three years

KARACHI: Pakistan Stock Exchange (PSX) saw an increase in listing of new companies in 2024, with the bourse...

Published 14 Dec, 2024 06:46am

Trade leader says concerned at internet slowdown

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

Published 14 Dec, 2024 06:46am

Two minors arrested over ‘Nov 24 protest’ granted bail

ISLAMABAD: The Anti-Terrorism Court (ATC), Friday, granted bail to two minors arrested in connection with Pakistan...

Updated 14 Dec, 2024 07:39am

Thousands attend second day of 19th KIBF

Literature

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 13	278.15
USD PKR Interbank Buying / Dec 13	277.95
USD to Japanese Yen / Dec 13	153.65
USD to Swiss Franc / Dec 13	0.89
Pound Sterling to USD / Dec 13	1.26
Euro to USD / Dec 13	1.05

Stock	Volume
S&P 500 / Dec 13	6,051.09
India Sensex / Dec 13	82,133.12
Tokyo Nikkei / Dec 13	39,470.44
Nasdaq / Dec 13	19,926.72
Hang Seng / Dec 13	19,971.24
FTSE 100 / Dec 13	8,300.33
Dow Jones / Dec 13	44,828.06
Germany DAX 30 / Dec 13	20,405.92

Item	Value
Crude Oil USD/Barrel / Dec 13	71.29
Karachi Cotton PKR/37.32 KG / Dec 13	17,585
Gold 10 Grams PKR / Dec 13	242,373.80
Gold Spot USD/Ounce / Dec 13	2,648.23
Cotton US¢/pound / Dec 13	69.27
Petrol/Litre / Dec 14	252.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 14 786 Investments Limited(786)	8.07 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 14 Al-Abbas Sugar Mills Limited(AABS)	756.79 ▼ 0.00 (0.00%)
Agro Allianz / Dec 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 14 Ali Asghar Textile Mills Limited(AATM)	62.42 ▼ 0.00 (0.00%)
Allied Bank / Dec 14 Allied Bank Limited(ABL)	132.26 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 14 Abbott Laboratories (Pakistan) Limited(ABOT)	1,182 ▼ 0.00 (0.00%)
Abson Ind. / Dec 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 14 Alfalah Consumer Index ETF.(ACIETF)	14.80 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 14 786 Investments Limited(786)	8.07 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 14 Al-Abbas Sugar Mills Limited(AABS)	756.79 ▲ 0.00 (0.00%)
Agro Allianz / Dec 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 14 Ali Asghar Textile Mills Limited(AATM)	62.42 ▲ 0.00 (0.00%)
Allied Bank / Dec 14 Allied Bank Limited(ABL)	132.26 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 14 Abbott Laboratories (Pakistan) Limited(ABOT)	1,182 ▲ 0.00 (0.00%)
Abson Ind. / Dec 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 14 Alfalah Consumer Index ETF.(ACIETF)	14.80 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 14 Worldcall Telecom Limited(WTL)	129,897,250 ▲ 0.00
Pak Int.Bulk / Dec 14 Pakistan International Bulk Terminal(PIBTL)	75,509,313 ▲ 0.00
Treet Corp / Dec 14 Treet Corporation Limited(TREET)	47,769,875 ▲ 0.00
Fauji Foods Ltd / Dec 14 Fauji Foods Limited(FFL)	47,559,743 ▲ 0.00
K-Electric Ltd. / Dec 14 K-Electric Limited(KEL)	44,439,472 ▲ 0.00
Cnergyico PK / Dec 14 Cnergyico PK Limited(CNERGY)	41,439,027 ▲ 0.00
Power Cement / Dec 14 Power Cement Limited(POWER)	37,891,771 ▲ 0.00
Pak Elektron / Dec 14 Pak Elektron Limited(PAEL)	32,798,832 ▲ 0.00
Hascol Petrol / Dec 14 Hascol Petroleum Limited(HASCOL)	29,057,992 ▲ 0.00

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