News Archives for Print - 2024-12-16

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Print - 2024-12-16

Arts

‘Artist talk’ organised

LAHORE: The Alhamra Modern Art Museum, Cultural Complex, Gulberg III, hosted a thought-provoking artist talk...

Published 16 Dec, 2024 07:16am

Industry

PHDEC organises workshop on potato

LAHORE: The Pakistan Horticulture Development and Export Company (PHDEC) recently organized a workshop on potatoes...

Published 16 Dec, 2024 07:09am

Cotton & Textile

Weekly Cotton Review: Prices fluctuate amid robust trading volume

KARACHI: The local cotton market witnessed a continuous fluctuation in prices over the past week. However, the...

Published 16 Dec, 2024 07:07am

St Patrick’s School presents Charles Dickens’ A Christmas Carol

KARACHI: St. Patrick’s School spread the holiday cheer with its annual Christmas program featuring a captivating...

Published 16 Dec, 2024 07:04am

Siddiqul Farooq passes away

ISLAMABAD: A close aide of former Prime Minister Nawaz Sharif, and Pakistan Muslim League (PML-N) senior leader...

Published 16 Dec, 2024 07:01am

All set for anti-polio drive today

ISLAMABAD: The government announced on Sunday that last anti-polio campaign of 2024 will begin today (Monday) across...

Published 16 Dec, 2024 06:57am

Two die in petrol tank blast

HUB: Two labourers lost their lives on Sunday when a petrol tank exploded during welding near the Bhawani Gujjar ...

Published 16 Dec, 2024 06:55am

Industry

Minister inaugurates Pakistan Lifestyle Furniture Expo 2024

LAHORE: The provincial minister Ramesh Singh Arora inaugurated the 108th edition of (PLFE) Pakistan life style...

Published 16 Dec, 2024 06:45am

KP govt pays homage to PTI’s ‘martyrs’

PESHAWAR: Khyber Pakhtunkhwa government organised ceremonies to pay homage to ‘PTI’s martyrs of D-Chowk’ here...

Published 16 Dec, 2024 06:43am

Solidarity with APS Peshawar martyrs: Islamabad schools to remain closed today

ISLAMABAD: To express solidarity with the martyrs of 2014 Army Public School (APS) Peshawar tragedy, the government...

Published 16 Dec, 2024 06:41am

Middle East

Syrian Christians attend Mass, schools reopen a week after Assad’s overthrow

DAMASCUS: Syrian Christians attended regular Sunday services for the first time since the dramatic overthrow of...

Published 16 Dec, 2024 06:08am

The Weather

KARACHI: The weather report on Sunday (December 15, 2024) and the forecast for Monday (December 16, 2024)...

Published 16 Dec, 2024 06:08am

Middle East

Saudi Arabia calls Israeli Golan plan ‘sabotage’ of Syria

RIYADH: Saudi Arabia on Sunday condemned as “sabotage” of Syria an Israeli plan to double the population of the...

Published 16 Dec, 2024 06:08am

Europe

Oil spills into Kerch Strait after Russian tanker breaks apart in storm

MOSCOW: A Russian oil tanker carrying thousands of tonnes of oil products split apart during a heavy storm on ...

Published 16 Dec, 2024 06:08am

Middle East

Iran closes offices, schools over cold, energy shortage

TEHRAN: Iran announced the closure of offices and schools in many provinces across the country on Sunday due to a...

Published 16 Dec, 2024 06:08am

ABC News settles $15m defamation suit with Trump

WASHINGTON: ABC News will pay a $15 million settlement payment to resolve a defamation lawsuit brought by...

Published 16 Dec, 2024 06:08am

China eyes negotiations as Trump threatens new tariffs

BEIJING: As Donald Trump steps up his tariff threats against China, Beijing is moving to beat the next US president...

Published 16 Dec, 2024 06:08am

Israeli troops attack school

CAIRO: Israeli troops killed at least 22 Palestinians, most of them in the northern Gaza Strip, on Sunday in...

Published 16 Dec, 2024 06:08am

CTBCM stillborn

Pakistan’s energy sector stands ensnared in inefficiencies, financial instability, and a chronic inability to...

Updated 16 Dec, 2024 07:58am

Dec 16 reminds nation to unite against terrorism: President

ISLAMABAD: President Asif Ali Zardari said the day of December 16, 2014 reminded the nation to get united against...

Updated 16 Dec, 2024 09:25am

Nation stands united against terrorism: PM

LAHORE: Prime Minister Muhammad Shehbaz Sharif reiterated the nation’s unwavering resolve to combat terrorism as he...

Updated 16 Dec, 2024 09:24am

UAF holds ‘Zarai Mela’

FAISALABAD: University of Agriculture Faisalabad (UAF) staged a one-day Zarai Mela, featuring the latest ...

Published 16 Dec, 2024 06:08am

Three dead as jeep falls into ravine in Neelum valley

NEELUM: In a devastating road accident, three people were pronounced dead and four other injured when a passenger...

Updated 16 Dec, 2024 08:08am

Letters

Netanyahu mulling ending Gaza genocide?

There are reports that Israeli prime minister Benjamin Netanyahu is mulling ending the genocide in Gaza that has...

Updated 16 Dec, 2024 08:01am

Invest, but not for profit

The government and other key actors are grappling with conflicting objectives in addressing Pakistan’s economic...

Updated 16 Dec, 2024 07:45am

Lack of awareness of IMF conditions

Pakistan’s private sector elite in industry and the farm sectors, major non-institutional recipients of budgeted...

Updated 16 Dec, 2024 07:42am

18th Amendment has helped improve healthcare in provinces: Gilani

ISLAMABD: Chairman Senate Yousaf Raza Gilani said on Sunday that the 18th Constitutional Amendment played a crucial...

Updated 16 Dec, 2024 09:17am

500 students awarded diplomas at AIT ceremony

KARACHI: Aligarh Institute of Technology (AIT) organised the 4th Graduation Ceremony, during which diplomas for...

Published 16 Dec, 2024 06:08am

GHAB announces to boycott polio drive

QUETTA: The Grand Health Alliance Balochistan (GHAB) on Sunday announced its decision to boycott the anti-polio ...

Published 16 Dec, 2024 06:08am

Pakistan to export medical professionals to KSA

ISLAMABAD: Overseas Employment Corporation (OEC), an attached department of Ministry of Overseas Pakistanis and...

Updated 16 Dec, 2024 04:08pm

PM seeks report

ISLAMABAD: Vowing harshest punishment for the human traffickers, Prime Minister Shehbaz Sharif on Sunday sought a...

Published 16 Dec, 2024 06:08am

Greece boat capsize: One Pakistani dead, 47 others rescued: FO

ISLAMABAD: The Foreign Office (FO) confirmed on Sunday that one Pakistani citizen was among the dead in the boat...

Published 16 Dec, 2024 06:08am

Anti-polio drive inaugurated: PM expresses concern over surge in polio cases

ISLAMABAD: Prime Minister Shehbaz Sharif launched anti-polio campaign on Sunday by administering polio drops to...

Published 16 Dec, 2024 06:08am

Stocks

Wall St Week Ahead: Fed rate view in focus as robust stocks year draws to close

NEW YORK: A banner year for US stocks gets one of its last big tests with the coming week’s Federal Reserve...

Published 16 Dec, 2024 06:08am

Stocks

UK stocks fall after surprise contraction in Oct GDP

LONDON: Britain’s FTSE 100 fell on Friday after data showed a surprise contraction in the country’s gross...

Published 16 Dec, 2024 06:08am

Stocks

Most Gulf markets muted ahead of Fed decision

DUBAI: Most stock markets in the Gulf ended lower on Sunday as investors awaited clues on the future path for...

Published 16 Dec, 2024 06:08am

CS reviews preparation of anti-polio drive

HYDERABAD: Chief Secretary Sindh Syed Asif Haider Shah has directed to ensure the success of the upcoming seven-day...

Published 16 Dec, 2024 06:08am

Energy

Power pilferers: LESCO detects 168,657 connections

LAHORE: Lahore Electric Supply Company (LESCO) has so far detected a total of 168,657 connections from where the...

Published 16 Dec, 2024 06:08am

Mian Zahid praises PTI for its willingness to hold talks with govt

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

Published 16 Dec, 2024 06:08am

Interest Rates

REAP chairman demands 500bps policy rate cut

LAHORE: Rice Exporters Association of Pakistan (REAP) Chairman Malik Faisal Jahangir has urged the government to...

Published 16 Dec, 2024 06:08am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday December 15, 2024

Published 16 Dec, 2024 06:08am

Business community leaders urge SBP to cut interest rate by 5pc

KARACHI: Business community leaders, including S.M. Tanveer, Zubair Tufail, Faisal Moiz Khan, Mazhar Nisar, Haji...

Updated 16 Dec, 2024 09:33am

LPG price increased by Rs10 in Karachi

KARACHI: Liquefied Petroleum Gas (LPG) users’ problems increased further as shopkeepers have increased LPG price by...

Updated 16 Dec, 2024 09:17am

UK officially joins Indo-Pacific trade bloc

LONDON: Britain on Sunday became the first European nation to join a major Indo-Pacific trading bloc, in what has...

Published 16 Dec, 2024 06:08am

UK economy in October suffers first back-to-back declines since 2020

LONDON: Britain’s economy shrank for a second month in October in the run-up to the new government’s first...

Published 16 Dec, 2024 06:08am

HSBC, World Bank’s IFC launch $1bn trade finance programme for emerging markets

HONG KONG: HSBC and the World Bank’s International Finance Corporation (IFC) will jointly provide funding to trade...

Published 16 Dec, 2024 06:08am

A decade of sorrow, loss and unlearnt lessons

EDITORIAL: The heart-breaking events of December 16, 2014 have been etched into the nation’s collective...

Updated 16 Dec, 2024 07:37am

The appalling state of power sector

EDITORIAL: The poor performance of power sector companies cost the exchequer Rs660 billion in FY24 despite a...

Updated 16 Dec, 2024 07:35am

44pc increase in revenue collection: KP has outclassed other provinces: CM

PESHAWAR: KP Chief Minister Ali Amin Gandapur has claimed that despite challenges, his government has outclassed...

Updated 16 Dec, 2024 02:38pm

Rates

Marginal decline

KARACHI: Rupee decreased marginally against the US dollar during the previous week as it lost Re0.11 or 0.04% in the...

Published 16 Dec, 2024 06:08am

Uplift projects worth Rs423bn approved

ISLAMABAD: The Central Development Working Party (CDWP) on Sunday approved 15 development projects worth Rs422.704...

Published 16 Dec, 2024 06:08am

Meat, bone meal imported from Brazil: customs values revised

ISLAMABAD: Directorate General Customs Valuation Karachi has revised customs values on the import of meat & bone...

Updated 16 Dec, 2024 04:08pm

Interest Rates

Fed may cut rates in last meeting of Biden era

WASHINGTON: The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on...

Published 16 Dec, 2024 06:08am

Rates

PSX hits highest-ever levels

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

Published 16 Dec, 2024 06:08am

Rates

Futures spread up 722bps

KARACHI: The futures spread increased by 722bps to 22.61 percent on the last day of the outgoing week. Average daily...

Published 16 Dec, 2024 06:08am

$300m NHSP: Implementation progress moderately satisfactory: World Bank

Objective of the National Health Support Program to strengthen equitable delivery and quality of essential health services at the primary health care level in support of universal health coverage

Updated 16 Dec, 2024 02:38pm

FBR directed to provide copies of ADRC orders to applicant

ISLAMABAD: Lahore High Court (LHC) has directed Federal Board of Revenue (FBR) to provide orders passed by the FBR...

Updated 16 Dec, 2024 04:08pm

SHC orders FBR to train its officers in adjudication

ISLAMABAD: Sindh High Court (SHC) has directed the Federal Board of Revenue (FBR) that it is high time for FBR and...

Updated 16 Dec, 2024 01:16pm

Petrol rate unchanged: Rs3.05 reduction in HSD price

ISLAMABAD: The Federal Government announced today that the price of petrol will remain unchanged, while the rates of...

Published 16 Dec, 2024 06:08am

Industry

LCCI President hails CM’s China visit

LAHORE: Mian Abuzar Shad, President of the Lahore Chamber of Commerce & Industry (LCCI), has expressed his warm...

Published 16 Dec, 2024 06:08am

Money & Banking

Inflows help Indian rupee end higher

MUMBAI: The Indian rupee logged its the sixth consecutive weekly decline on Friday as pressure remained on account ...

Published 16 Dec, 2024 06:08am

Money & Banking

China’s yuan eases

SHANGHAI: China’s yuan eased against the US dollar on Friday as remarks from the annual economic meeting failed to...

Published 16 Dec, 2024 06:08am

Money & Banking

Sterling falls after shock contraction in UK GDP

LONDON: The pound fell on Friday after data showed the British economy shrank unexpectedly in October, which could...

Published 16 Dec, 2024 06:08am

Money & Banking

Rouble strengthens vs dollar

MOSCOW: The Russian rouble strengthened against the US dollar but weakened against China’s yuan on Friday amid...

Published 16 Dec, 2024 06:08am

Industry

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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