News Archives for Print - 2024-12-20

Print - 2024-12-20

Gisele Pelicot’s ex-husband jailed 20 years in France mass rape trial

AVIGNON, (France): Gisele Pelicot’s ex-husband was jailed on Thursday for 20 years over her drugging and mass rape...

Published 20 Dec, 2024 02:43am

PTI terminates membership of Salman Ahmad

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) terminated the basic party membership of musician Salman Ahmad on Thursday...

Published 20 Dec, 2024 02:43am

LHC orders cancellation of FIR

LAHORE: The Lahore High Court on Thursday ordered cancellation of a FIR registered by Sialkot police under a ...

Published 20 Dec, 2024 02:43am

JI to launch protest rallies against ‘sugar mafia’

LAHORE: Jamaat-e-Islami will launch protest rallies against the exploitation of farmers by the sugar mafia and the...

Published 20 Dec, 2024 02:43am

Economic progress not possible sans true democracy: PILDAT

LAHORE: Panellists of PILDAT seminar titled “Can Economic Progress and Democracy Coexist?” have evolved a...

Published 20 Dec, 2024 02:43am

PCB vows to successfully host ICC Champions Trophy 2025

LAHORE: Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi has reiterated Pakistan’s commitment to successfully...

Published 20 Dec, 2024 02:43am

Energy

Oil makes gains on falling US crude inventories

NEW YORK: Oil prices rose slightly on Thursday, supported by falling US crude inventories, though gains were limited...

Published 20 Dec, 2024 02:43am

PEL inquiry reports: Senate panel puts off briefing on PD proposals

ISLAMABAD: A parliamentary committee on Thursday postponed a briefing on the Ministry of Energy (Petroleum Division)...

Published 20 Dec, 2024 02:43am

Industry

Govt debt securities: NCCPL and Ping Up team up to facilitate investors

KARACHI: National Clearing Company of Pakistan Limited (NCCPL) has collaborated with Ping Up (Private) Limited, a...

Published 20 Dec, 2024 02:43am

Registration of cases under PECA 2016: Journalists stage walkout from Senate session

ISLAMABAD: The journalists, Thursday, staged a walkout from the press gallery of the upper house of the Parliament ...

Published 20 Dec, 2024 02:43am

President for enhancing parliamentary cooperation with KSA

ISLAMABAD: President Asif Ali Zardari has emphasised the need for enhancing parliamentary cooperation and high-level...

Published 20 Dec, 2024 02:43am

Solid waste management services: CDA for fast-tracking outsourcing process

ISLAMABAD: Capital Development Authority (CDA) Chairman Muhammad Ali Randhawa has directed authorities to fast-track...

Published 20 Dec, 2024 02:43am

‘Draft of Pink Rock Salt Policy to be presented to CM’

LAHORE: In order to increase the export of pink salt, Punjab government has decided to establish special economic...

Published 20 Dec, 2024 02:43am

WCLA working on conservation project of Akbari Gate

LAHORE: In collaboration with Aga Khan Cultural Service Pakistan (AKCS-P) and Agence Francaise de Development (AFD),...

Published 20 Dec, 2024 02:43am

Speakers urge immediate global action on Kashmir

ISLAMABAD: Speakers at a seminar, while reminding the global community of its commitment with the people of Kashmir...

Published 20 Dec, 2024 02:43am

Energy

Production bonus terms: Senate panel dismisses OGDCL’s claims

ISLAMABAD: A parliamentary panel on Thursday dismissed claims made by the Oil and Gas Development Company Limited...

Published 20 Dec, 2024 02:43am

Qureshi, Gandapur, others indicted in GHQ attack case

RAWALPINDI: The Anti-Terrorism Court (ATC) on Thursday indicted Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur,...

Published 20 Dec, 2024 02:43am

Turkiye, Iran leaders at Muslim summit in Cairo

CAIRO: The leaders of Turkiye and Iran were in Egypt on Thursday for a summit of eight Muslim-majority countries,...

Published 20 Dec, 2024 02:43am

PM for global action on Gaza, Lebanon

CAIRO: Prime Minister Muhammad Shehbaz Sharif on Thursday tabled strong condemnation of Israel’s ongoing military...

Updated 20 Dec, 2024 08:55am

US announces $200m additional aid for Sudan

UNITED NATIONS: The United States on Thursday announced $200 million of new funding for the humanitarian crisis in...

Published 20 Dec, 2024 02:43am

Sindh vying to provide affordable, clean electricity: minister

KARACHI: Sindh Minister for Energy, Planning and Development Syed Nasir Hussain Shah stated that the Sindh ...

Published 20 Dec, 2024 02:43am

Sustainable Tourism Forum to be held on Jan 30th

KARACHI: Islamic Chamber of Commerce & Development (ICCD) in collaboration with Federation of Pakistan Chambers...

Published 20 Dec, 2024 02:43am

Letters

OMAP sees potential collapse of petroleum industry

LAHORE: The Oil Marketing Association of Pakistan (OMAP) on Thursday issued an urgent appeal to Prime Minister...

Published 20 Dec, 2024 02:43am

PARTLY FACETIOUS: He has done a US-given pre-conditions for talks

“To talk or not to talk, that is the question!” “Much less of a dire narrative than Shakespeare’s to be or...

Published 20 Dec, 2024 02:43am

LDA seals 80 properties

LAHORE: In an operation against illegal commercial buildings and commercial fee defaulters, the Lahore Development...

Published 20 Dec, 2024 02:43am

UAF establishing first-ever agri & food museum

FAISALABAD: The University of Agriculture, Faisalabad is establishing the country’s first ever agriculture and ...

Published 20 Dec, 2024 02:43am

First Travel Store launched in Karachi: Emirates welcomes EU flight resumption

KARACHI: Emirates welcomes the resumption of direct flights between Pakistan and the EU, viewing it as a catalyst ...

Published 20 Dec, 2024 02:43am

NA Speaker for promoting dialogue, tolerance

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq said that there is a need to promoting dialogue, tolerance ...

Published 20 Dec, 2024 02:43am

South Korea’s sub-optimal experience with Neoliberalism: lessons for Pakistan

Pakistan has been actively under neoliberal policies since late 1980s when it first started to come under major...

Published 20 Dec, 2024 02:43am

Prerequisites for better border security

Pakistan faces a multifaceted challenge in addressing the pervasive issue of security of its borders, including but...

Published 20 Dec, 2024 02:43am

Stocks

Indian shares decline

MUMBAI: Indian shares fell on Thursday after the Federal Reserve forecast fewer interest rate cuts in 2025, souring ...

Published 20 Dec, 2024 02:43am

Letters

‘Machiavelli and the Problem of Political Development’

Noted political scientist Taketsugu Tsurutani while advancing his argument titled “Machiavelli and the Problem of...

Published 20 Dec, 2024 02:43am

Pakistan in global rankings

As the curtain falls on 2024, it is time to take stock of how the world rated Pakistan in its surveys and indices...

Published 20 Dec, 2024 02:43am

Tax amendment bill

The Finance Minister has introduced a very important and pertinent tax amendment bill in the National Assembly. This...

Published 20 Dec, 2024 02:43am

Dr M Zahid Latif assumes office as Rector NUST

ISLAMABAD: Celebrated academician Dr Muhammad Zahid Latif assumed the office of Rector National University of...

Published 20 Dec, 2024 02:43am

Sporadic winds may dance across Karachi today

KARACHI: Sporadic winds are expected to dance across the metropolis on Friday, as the Met Office predicts cool and...

Published 20 Dec, 2024 02:43am

Energy

Kunnar West Well-3: OGDCL announces commencement of production

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production...

Published 20 Dec, 2024 02:43am

Development funds: KP govt seeks release of Rs8.46bn

ISLAMABAD: Khyber Pakhtunkhwa government while complaining of not receiving funds as per formula has approached the...

Published 20 Dec, 2024 02:43am

The Weather

KARACHI: The weather report on Thursday (December 19, 2024) and the forecast for Friday (December 20, 2024)...

Published 20 Dec, 2024 02:43am

Rates

PSX suffers historic single-day decline

KARACHI: Panic selling continued as the Pakistan Stock Exchange experienced an unprecedented collapse on Thursday ...

Published 20 Dec, 2024 02:43am

Energy

Energy reforms need of the hour: EEPF

KARACHI: The Energy and Economy Parliamentary Forum has convened its third meeting chaired by Dr Nafisa Shah, and co...

Published 20 Dec, 2024 02:43am

Energy

PACRA upgrades SSGC’s credit ratings

KARACHI: Pakistan Credit Rating Agency (PACRA) has upgraded the credit ratings of Sui Southern Gas Company Limited...

Published 20 Dec, 2024 02:43am

Energy

Gas price hike: Ogra’s move to add to the woes of masses and industries alike: KCCI

KARACHI: Karachi Chamber of Commerce & Industry (KCCI) President Jawed Bilwani while strongly opposing the Oil...

Published 20 Dec, 2024 02:43am

Stocks

Wall St bounces back after Fed’s hawkish cut triggers sell-off

NEW YORK: Wall Street’s main indexes gained some ground on Thursday, a day after the Federal Reserve’s...

Published 20 Dec, 2024 02:43am

Stocks

European stocks tumble after Fed’s hawkish signal

FRANKFURT: European stocks tumbled on Thursday, on course for their biggest percentage drop in five weeks, as...

Published 20 Dec, 2024 02:43am

Stocks

China stocks end mixed

SHANGHAI: Hong Kong shares ended lower on Thursday after the US Federal Reserve cautioned it would ease the pace of...

Published 20 Dec, 2024 02:43am

Energy

US natgas prices climb on lower output, rising LNG feedgas

NEW YORK: US natural gas futures climbed about 4% to a 13-month high on Thursday on lower output in recent days and...

Published 20 Dec, 2024 02:43am

Commodities

Copper hits 5-week low on selling sparked by dollar jump

LONDON: Copper prices fell to a five-week low on Thursday as the dollar jumped to a near two-year high after the US...

Published 20 Dec, 2024 02:43am

Commodities

Soybeans hover near 4-year low

PARIS/CANBERRA: Chicago soybean futures were little changed on Thursday after hitting a fresh four-year low, while...

Published 20 Dec, 2024 02:43am

Commodities

Malaysian palm oil falls for fifth session amid Indonesia, US biofuel policy uncertainty

KUALA LUMPUR: Malaysian palm oil futures slipped on Thursday for a fifth straight session, weighed down by...

Published 20 Dec, 2024 02:43am

Commodities

Gold rebounds from one-month low after Fed’s hawkish signal

NEW YORK: Gold prices gained on Thursday, rebounding from a one-month low, as the market digested the US Federal...

Published 20 Dec, 2024 02:43am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (December 19, 2024)...

Published 20 Dec, 2024 02:43am

Cotton & Textile

Business activity improves on cotton market

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

Published 20 Dec, 2024 02:43am

Commodities

Japanese rubber futures slip on global demand concerns

SINGAPORE: Japanese rubber futures declined on Thursday, weighed down by prospects of softer global demand for the...

Published 20 Dec, 2024 02:43am

Rates

Activities of Karachi Port Trust

KARACHI: The Karachi Port Trust handled 163,782 tonnes of cargo comprising 64,859 tonnes of import cargo and 98,923...

Published 20 Dec, 2024 02:43am

Commodities

Gold prices nosedive

KARACHI: Gold prices nosedived on Thursday following a sharp decline in global bullion value nearing $2,600 per...

Published 20 Dec, 2024 02:43am

Commodities

Traders meet Janmohammed: More rice exports to Malaysia under study

KARACHI: M Bashir Jan mohammed, Chairman, Pakistan-Malaysia Business Council of FPCCI, invited YB Dato Syed Abu...

Published 20 Dec, 2024 02:43am

Commodities

Govt to ensure seamless rice sector operations, Reap assured

ISLAMABAD: Federal Minister for Commerce, Jam Kamal Khan and Federal Minister for National Food Security and...

Published 20 Dec, 2024 02:43am

Rates

LME official prices

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

Published 20 Dec, 2024 02:43am

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 20 Dec, 2024 02:43am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (December 19, 2024). ========================== KIBOR...

Published 20 Dec, 2024 02:43am

Forex

Open market rates of foreign currencies

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

Published 20 Dec, 2024 02:43am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (December 19, 2024). ======================== Open ...

Published 20 Dec, 2024 02:43am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (December 19, 2024)....

Published 20 Dec, 2024 02:43am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (December 19, 2024)....

Published 20 Dec, 2024 02:43am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (December 19, 2024)...

Published 20 Dec, 2024 02:43am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (December 19, 2024). ======================================= ...

Published 20 Dec, 2024 02:43am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (December 19, 2024). ==================================== ...

Published 20 Dec, 2024 02:43am

Companies

Telenor signs MoU to implement smart metering at BTS sites across AJ&K

ISLAMABAD: Telenor Pakistan has signed Pakistan’s first-ever tripartite Memorandum of Understanding (MoU) to...

Published 20 Dec, 2024 02:43am

PIA sell-off: govt says getting enhanced bids

ISLAMABAD, Dec 19: The National Assembly was informed on Thursday that the government is getting enhanced bids for...

Updated 20 Dec, 2024 09:27am

$1.23bn gas dwelling carried out in 3 years, Senate panel told

ISLAMABAD: A parliamentary panel on Thursday was apprised that the gas dwelling has been carried out at 56 different...

Updated 20 Dec, 2024 08:56am

PIA, Discos sell-off bids falter: Senate panel taps ex-ministers for guidance

ISLAMABAD: The Senate Standing Committee on Privatisation has decided to invite former ministers for privatisation...

Updated 20 Dec, 2024 08:57am

Dar-led panel to craft power tariff cut strategy

Government expecting reasonable reduction in electricity bills

Updated 20 Dec, 2024 09:31am

FO says fresh US sanctions ‘biased’

ISLAMABAD: Calling the decision “biased”, Pakistan on Thursday vociferously reacted to the imposition of United...

Updated 20 Dec, 2024 08:57am

Leasing govt land: Punjab cabinet approves terms & conditions

LAHORE: Punjab cabinet, which met here Thursday with Chief Minister Maryam Nawaz Sharif in the chair accorded...

Updated 20 Dec, 2024 09:00am

Forex reserves up by $32m

KARACHI: The country’s total liquid foreign exchange reserves increased by $32 million during last week. ...

Published 20 Dec, 2024 02:43am

SBP adopts Shariah standard

KARACHI: The State Bank of Pakistan (SBP) has announced adoption of AAOIFI Shariah Standard No. 59 - Sale of Debt...

Published 20 Dec, 2024 02:43am

Gas price hike: Industrialists urge govt to revisit decision

KARACHI: Industrialists have strongly opposed the proposed gas price hike, urging the federal government to...

Updated 20 Dec, 2024 09:26am

2022 Sindh floods: WB Board likely to approve $450m housing project today

ISLAMABAD: The World Bank’s Board of Executive Directors is likely to approve “Sindh Flood Emergency Housing...

Updated 20 Dec, 2024 08:58am

Pakistan-Azerbaijan PTA: FBR unveils tariff concessions on imports

ISLAMABAD: The Federal Board of Revenue (FBR) has announced tariff concessions on the import of items under Pakistan...

Updated 20 Dec, 2024 09:59am

Defence analysts for discussion: IHC suspends Pemra’s notification

ISLAMABAD: The Islamabad High Court (IHC) has suspended the Pakistan Electronic Media Regulatory Authority...

Published 20 Dec, 2024 02:43am

Industry

Jam highlights govt’s export-focused initiatives

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan, on Thursday visited the Sialkot Chamber of Commerce and...

Published 20 Dec, 2024 02:43am

Industry

Businessmen term 2pc cut in interest rate as disappointing

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

Published 20 Dec, 2024 02:43am

Money & Banking

Meezan Bank denies claims of data breach

KARACHI: Meezan Bank Limited has denied claims of a data breach, assuring that customer information remains fully...

Published 20 Dec, 2024 02:43am

Industry

LCCI welcomes legislative initiative aimed at tackling tax evasion

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has welcomed the legislative initiative by Federal ...

Published 20 Dec, 2024 02:43am

The Kurram disaster

EDITORIAL: Provincial and federal authorities seem to have been too busy tossing the blame around to prevent the...

Published 20 Dec, 2024 02:43am

A plan sans substance

EDITORIAL: It was with great fanfare on Monday that the federal Education Minister Dr Khalid Maqbool Siddiqui...

Published 20 Dec, 2024 02:43am

Gas sector conundrum

EDITORIAL: The gas supply management is totally messed up. The imported RLNG is in surplus; domestic gas production...

Published 20 Dec, 2024 02:43am

Money & Banking

Dollar rally stalls as market digests Fed’s cooler approach to easing

NEW YORK/LONDON/SINGAPORE: The dollar on Thursday edged back from a two-year peak hit the prior session after the...

Published 20 Dec, 2024 02:43am

Money & Banking

Asian currencies tumble on Fed’s hawkish rate outlook

THAILAND: Emerging Asian stocks tumbled to multi-month lows and currencies weakened against a strong dollar on...

Published 20 Dec, 2024 02:43am

Industry

PISMIDA team visits Japan

LAHORE: A 10-member delegation from the Pakistan Industrial Sewing Machine Importers and Dealers Association...

Published 20 Dec, 2024 02:43am

Commodities

Iron ore hits near 1-month low on China concerns

BEIJING: Iron ore futures prices fell on Thursday to their lowest in nearly a month, as concerns about demand...

Published 20 Dec, 2024 02:43am

Commodities

Asia rice: Rising supplies weigh on India prices

BENGALURU/MUMBAI/HANOI/BANGKOK AND BANGLADESH: Prices of parboiled rice exported from India fell this week as the...

Published 20 Dec, 2024 02:43am

Commodities

EU soft wheat crop to rebound to 11pc next year

PARIS: European Union production of soft wheat could rise 11% in 2025/26 in a rebound from a 12-year low this season...

Published 20 Dec, 2024 02:43am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.77
USD to Swiss Franc / Dec 20	0.90
Pound Sterling to USD / Dec 20	1.25
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 19	5,881.33
Nasdaq / Dec 19	19,394.44
FTSE 100 / Dec 19	8,105.32
Dow Jones / Dec 19	42,466.83
Germany DAX 30 / Dec 19	19,969.86
France CAC40 / Dec 19	7,294.37
India Sensex / Dec 20	78,453.17
Tokyo Nikkei / Dec 20	38,701.90

Item	Value
Gold 10 Grams PKR / Dec 19	234,311
Petrol/Litre / Dec 20	252.10
Crude Oil USD/Barrel / Dec 20	68.96
Karachi Cotton PKR/37.32 KG / Dec 20	17,585
Gold Spot USD/Ounce / Dec 20	2,606.98
Diesel/Litre / Dec 20	255.38

Gainers
Losers
Leaders

Stock	Price
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.80 ▲ 1.00 (26.32%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
AKD Hospitality / Dec 20 AKD Hospitality Limited(AKDHL)	162.79 ▲ 14.80 (10.00%)
Liven Pharma / Dec 20 Liven Pharma Limited(LIVEN)	85.06 ▲ 7.73 (10.00%)
Masood Textile / Dec 20 Masood Textile Mills Limited(MSOT)	55 ▲ 5.00 (10.00%)
Suhail Jute / Dec 20 Suhail Jute Mills Limited(SUHJ)	74.46 ▲ 6.77 (10.00%)
Systems Limited / Dec 20 Systems Limited(SYS)	608.05 ▲ 55.28 (10.00%)
Al-Khair Gadoon / Dec 20 Al-Khair Gadoon Limited(AKGL)	50.96 ▲ 4.62 (9.97%)
Fazal Cloth / Dec 20 Fazal Cloth Mills Limited(FZCM)	188 ▲ 17.00 (9.94%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Mughal Energy / Dec 20 Mughal Energy Limited(GEM)(GEMMEL)	18.93 ▼ -2.10 (-9.99%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.60 ▼ -3.82 (-9.94%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)
Sindh Abadgar / Dec 20 Sindh Abadgar's Sugar Mills Limited(SASML)	36.80 ▼ -3.87 (-9.52%)
Tandlianwala Sugar / Dec 20 Tandlianwala Sugar Mills Limited(TSML)	77 ▼ -8.00 (-9.41%)
First Prudential Mod. / Dec 20 First Prudential Modaraba(PMI)	2.90 ▼ -0.29 (-9.09%)
Jubilee Spinning / Dec 20 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.02 ▼ -0.98 (-8.91%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.02
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.00
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▼ -0.02
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 0.37
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.65
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	37,757,587 ▼ -1.68
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.03
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.44
Aisha Steel Mill / Dec 20 Aisha Steel Mills Limited(ASL)	28,556,537 ▲ 0.16

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