News Archives for Print - 2024-12-23

Print - 2024-12-23

Sindh governor welcomes APPNA team

KARACHI: Sindh Governor Kamran Khan Tessori has said that Pakistan lacks no talent as many renowned doctors in the...

Published 23 Dec, 2024 08:05am

Companies

Meezan Bank, AHL launch instant top-up service for investors

KARACHI: Meezan Bank, Pakistan’s leading Islamic bank, and Arif Habib Limited, a leader in investment banking, have...

Published 23 Dec, 2024 08:04am

Churches’ security beefed up ahead of Christmas

LAHORE: The provincial capital was placed under high-security alert on Sunday to ensure the safety of churches ahead...

Published 23 Dec, 2024 08:03am

Govt committed to providing equal opportunities to women: PM

ISLAMABAD: Prime Minister Shehbaz Sharif today reaffirmed the commitment to ensuring that women in Pakistan are...

Published 23 Dec, 2024 08:01am

Political, technical panels: KP Governor notifies members

PESHAWAR: The Governor Khyber Pakhtunkhwa Faisal Karim Kundi notified the names of the members of political and...

Published 23 Dec, 2024 07:50am

Sindh CM for swift completion of Malir Expressway Project

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, without protocol, conducted a surprise morning inspection of the...

Published 23 Dec, 2024 07:45am

Middle East

Syrian Kurdish groups on the back foot as power balance shifts

QAMISHLI, Syria/BEIRUT/ANKARA: With hostile Turkish-backed groups mobilising against them in Syria’s north, and...

Published 23 Dec, 2024 07:40am

Turkey says it believes Kurdish fighters will be forced out of all Syrian territory

ANKARA: Turkey believes Syria’s new rulers, including the Syrian National Army (SNA) armed group which Ankara...

Published 23 Dec, 2024 07:35am

Africa

Death toll in Nigeria food queue stampedes rises to 32

LAGOS: Nigerian police on Sunday raised the total death toll from two stampedes at food distribution centres to 32,...

Published 23 Dec, 2024 07:32am

Europe

France awaits appointment of new government

PARIS: France awaited the appointment of a new government to lead the country out of its political crisis, with...

Published 23 Dec, 2024 07:29am

Middle East

Gaza medics struggle to rescue patients after Israel orders hospital evacuated

CAIRO: Israel ordered the closure and evacuation on Sunday of one of the last hospitals still partly functioning in ...

Published 23 Dec, 2024 07:17am

Middle East

Khamenei says Iran does not have or need regional proxy forces

TEHRAN: Iran’s supreme leader denied Sunday that militant groups around the region functioned as Tehran’s...

Published 23 Dec, 2024 07:17am

Europe

Finland PM says Russia ‘permanent’ threat to EU

HELSINKI: Finland’s Prime Minister Petteri Orpo said Sunday that Russia was a “permanent and dangerous threat”...

Published 23 Dec, 2024 07:09am

South Asia

Indian journalist who exposed corruption targeted with online smear campaign

NEW DELHI: Indian journalist Anand Mangnale is the target of an online smear campaign that began on December 5 when...

Published 23 Dec, 2024 07:07am

Europe

Putin vows ‘destruction’ on Ukraine after Kazan drone attack

MOSCOW: Russian President Vladimir Putin on Sunday vowed to bring more “destruction” to Ukraine in retaliation...

Published 23 Dec, 2024 06:57am

Stocks

Indian equity benchmarks snap 4-week rising streak

MUMBAI: Indian shares plunged on Friday, with the benchmarks logging their first weekly decline in five weeks, as...

Published 23 Dec, 2024 06:53am

Money & Banking

China’s yuan heads for weekly fall

SHANGHAI: China’s yuan was steady against the dollar on Friday, helped by firmer central bank guidance but was...

Published 23 Dec, 2024 06:50am

Money & Banking

Sterling set to end week in red

LONDON: Sterling held up against the dollar on Friday but was set to end the week lower after coming under pressure...

Published 23 Dec, 2024 06:49am

Stocks

Sri Lanka shares end higher

COLOMBO: Sri Lankan shares closed higher on Friday, aided by real estate and materials stocks. The CSE All-Share...

Published 23 Dec, 2024 06:48am

Stocks

Wall Street Week Ahead: Investors hope for ‘Santa Claus’ rally as stocks lose steam

NEW YORK: With December so far delivering Scrooge-like returns in an otherwise stellar year for US stocks, investors...

Published 23 Dec, 2024 06:47am

Iran protests US arrest of nationals over tech export

TEHRAN: Tehran has formally protested the arrests of two Iranians in Italy and the United States accused of...

Published 23 Dec, 2024 06:03am

FIA arrests two smugglers linked to Greek boat tragedy

GUJRANWALA: The Federal Investigation Agency on Sunday arrested two men involved in a recent boat tragedy off the...

Published 23 Dec, 2024 06:03am

Sindh minister explains how accelerated progress can be possible

KARACHI: Sindh Local Government minister Saeed Ghani has said the government and affluent people are under a solemn...

Published 23 Dec, 2024 06:03am

The Weather

KARACHI: The weather report on Sunday (December 22, 2024) and the forecast for Monday (December 23, 2024)....

Published 23 Dec, 2024 06:03am

Rates

PSX remains under severe pressure

KARACHI: Pakistan Stock Exchange remained under severe pressure during the outgoing week ended on December 20, 2024...

Published 23 Dec, 2024 06:03am

Rates

Futures spread up 335bps

KARACHI: The futures spread increased by 335bps to 25.96 percent on the last day of the outgoing week. Trading...

Published 23 Dec, 2024 06:03am

Rates

Marginal decline

KARACHI: Rupee decreased marginally against the US dollar during the previous week as it lost Re0.30 or 0.11% in the...

Published 23 Dec, 2024 06:03am

Over 2.5m citizens avail policing services: IG

LAHORE: Punjab Police khidmat centers are actively engaged in delivering digital services to citizens. Each month,...

Published 23 Dec, 2024 06:03am

Funeral prayers of martyred soldiers offered in Bannu

BANNU: Funeral prayers of martyrs, who embraced martyrdom in an exchange of fire with terrorists in South ...

Published 23 Dec, 2024 06:03am

47 officers promoted from SI to Inspector rank in a ceremony

LAHORE: As per the instructions of Inspector General of Police Punjab, Dr. Usman Anwar, a ceremony was held at the...

Published 23 Dec, 2024 06:03am

PDP chief for improving irrigation system

KARACHI: Growing water shortage is a serious threat to our agricultural-based economy and improving our outdated...

Published 23 Dec, 2024 06:03am

ECP celebrates ‘National Working Women’s Day’

ISLAMABAD: The Election Commission of Pakistan celebrated National Working Women’s Day by emphasising the...

Updated 23 Dec, 2024 09:04am

Passports of 4,700 nationals imprisoned in UAE blocked

ISLAMABAD: The government of Pakistan has taken a stern stance against its citizens involved in criminal activities...

Published 23 Dec, 2024 06:03am

Energy

Pakistan joins fossil-fuel non-proliferation coalition

ISLAMABAD: Pakistan has joined a coalition of climate-vulnerable countries advocating for a global fossil-fuel...

Published 23 Dec, 2024 06:03am

Commodities

Prices of kitchen items show rising trend

PESHAWAR: A steep increase in prices of important kitchen items was witnessed in the retail market. According to a...

Published 23 Dec, 2024 06:03am

Fog may affect several areas

ISLAMABAD: Pakistan Meteorological Department predicted on Sunday that continental air continues to dominate most...

Published 23 Dec, 2024 06:03am

KP govt launches helicopter service for Kurram

PESHAWAR: The provincial government of Khyber Pakhtunhwa has launched helicopter service to mitigate the sufferings...

Published 23 Dec, 2024 06:03am

Cotton & Textile

Weekly Cotton Review: Prices remain stable

KARACHI: Cotton prices in Pakistan remained stable last week, however, trading activity was subdued. A bearish trend...

Published 23 Dec, 2024 06:03am

Energy

No load-shedding in franchise areas: SSGC

KARACHI: At the outset it must be noted that SSGC is continuously experiencing gas shortages due to the yearly...

Published 23 Dec, 2024 06:03am

IMF and provincial governments

Three provincial chief ministers from three competing political parties – Punjab (PML-N), Sindh (PPP) and Khyber...

Updated 23 Dec, 2024 08:25am

Pakistan must prepare to let go off the crutches of remittances

A key ingredient in attaining external account stability is inward remittances, often hailed as the star performer....

Updated 23 Dec, 2024 08:26am

Letters

Power sector: Achilles’ heel

According to media reports, Minister for Power, Sardar Awais Ahmed Khan Leghari, has sought personal interventions ...

Updated 23 Dec, 2024 08:30am

USD25bn textile exports can be a reality

After a challenging year in 2023, Pakistan’s value-added textile sector has demonstrated remarkable resilience in...

Updated 23 Dec, 2024 08:51am

Climate change: the rising storm

Pakistan’s engagement with the climate crisis is emblematic of the struggles faced by developing nations grappling...

Updated 23 Dec, 2024 08:34am

Rates

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Sunday (December...

Published 23 Dec, 2024 06:03am

Positive GDP growth rate unlikely?

Dr Hafeez Pasha says this is due to negative growth in the large-scale manufacturing industries and a decline in major agriculture crops

Updated 23 Dec, 2024 10:51am

NA speaker invites govt, opposition for talks

ISLAMABAD: The National Assembly Speaker Ayaz Sadiq on Sunday invited both the government and opposition party...

Updated 23 Dec, 2024 09:29am

PM forms 8-member body

LAHORE: Prime Minister Muhammad Shehbaz Sharif on Sunday constituted an eight-member negotiations committee to hold...

Published 23 Dec, 2024 06:03am

PTI welcomes PM’s step

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Sunday welcomed the constitution of a nine-member negotiating committee...

Updated 23 Dec, 2024 09:37am

EU strongly reacts to conviction of civilians by military court

ISLAMABAD: The European Union (EU) on Sunday strongly reacted to the recent conviction of 25 civilians by a military...

Updated 23 Dec, 2024 09:38am

COAS vows to hunt down terrorists

RAWALPINDI: General Syed Asim Munir, NI (M), Chief of the Army Staff (COAS), visited Wana, South Waziristan, ...

Published 23 Dec, 2024 06:03am

Withdrawal of officers from mandatory trainings/courses: ED conveys PM’s ire to ministries, provinces

ISLAMABAD: The Establishment Division (ED) has reportedly conveyed the Prime Minister’s anger to the federal...

Updated 23 Dec, 2024 09:38am

Resident Pakistanis in UAE, UK: Rental income, capital gain not taxable: ATIR DB

ISLAMABAD: A division bench of Appellate Tribunal Inland Revenue (ATIR) has held that under the tax treaties of...

Updated 23 Dec, 2024 09:40am

Punjab dispatches medicines, other essential items to Parachinar

LAHORE: Punjab Chief Minister Maryam Nawaz on Sunday fulfilled her promise to provide medicines to the people of...

Updated 23 Dec, 2024 09:51am

PCA South uncovers Rs340m tax fraud

KARACHI: The Post Clearance Audit (PCA) South has exposed a massive financial fraud involving a phantom company that...

Updated 23 Dec, 2024 09:47am

Al-Qadir Trust scam: Verdict may not be announced today

ISLAMABAD: The Accountability Court has reportedly decided that it will not announce the verdict of the £190 million...

Updated 23 Dec, 2024 09:17am

PPRA approves hiring of 26 experts on contract basis

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has approved hiring of 26 specialists/ experts but...

Updated 23 Dec, 2024 09:42am

Two foreign oil, gas firms win arbitration against PEL

ISLAMABAD: Two foreign oil and gas companies Frontier Holdings Limited (“FHL”) and Spud Energy Pty Limited (“SEPL”)...

Updated 23 Dec, 2024 09:50am

KP produces 30,000 bpd of crude oil per day

PESHAWAR: Khyber Pakhtunkhwa produces 30,000 barrel of crude oil per day, which is 42% of the total national...

Published 23 Dec, 2024 06:03am

Industry

Potential of JVs between Pak, Spanish cos highlighted

FAISALABAD: There was immense potential to launch joint ventures between Pakistani and Spanish companies ...

Published 23 Dec, 2024 06:03am

Industry

HCSTSI rejects massive gas price hike

HYDERABAD: The Acting President of Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Ahmed Idrees...

Published 23 Dec, 2024 06:03am

Companies

PIA inducts 11th Airbus A320 into fleet

KARACHI: Pakistan International Airlines (PIA) has inducted 11th Airbus A320 aircraft in its operational fleet. The...

Updated 23 Dec, 2024 08:59am

Taxes

KPRA slaps fine on famous restaurant

PESHAWAR: Under the directives of Advisor to the Finance Department, Khyber Pakhtunkhwa, Muzammil Aslam, and ...

Published 23 Dec, 2024 06:03am

Industry

Traders for honey testing lab in Peshawar

PESHAWAR: Business community has demanded of federal and provincial governments to set up a modern laboratory for...

Published 23 Dec, 2024 06:03am

Industry

PAJCCI, SIFC discuss Pak-Afghan trade

PESHAWAR: Office bearers of Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) have discussed modalities to...

Published 23 Dec, 2024 06:03am

Tax receipts must improve

EDITORIAL: Chairman Federal Board of Revenue (FBR) Rashid Mehmood Langrial while addressing the Lahore Chamber of...

Updated 23 Dec, 2024 08:17am

Unlocking regional potential

EDITORIAL: With the ouster of Sheikh Hasina’s government from Dhaka earlier in the year, the intervening months...

Updated 23 Dec, 2024 08:20am

Stocks

FTSE 100 logs worst week in more than a year

LONDON: Britain’s FTSE 100 touched a more than one-month low on Friday and logged its sharpest drop since October...

Updated 23 Dec, 2024 06:52am

Business Development Centre in Makli opened

HYDERABAD: The Sindh Community Foundation (SCF) has inaugurated a Business Development Centre in Makli, Thatta....

Updated 23 Dec, 2024 07:55am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Swiss Franc / Dec 20	0.89
USD to Japanese Yen / Dec 23	156.63
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75
France CAC40 / Dec 20	7,274.48
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.74 ▲ 0.47 (11.01%)
I.C.C. Ind. / Dec 23 ICC Industries Limited(ICCI)	10.94 ▲ 1.00 (10.06%)
Power Cem(Pref) / Dec 23 Power Cement (Pref)(POWERPS)	12.27 ▲ 1.12 (10.04%)
Treet Corp / Dec 23 Treet Corporation Limited(TREET)	24.38 ▲ 2.22 (10.02%)
Calcorp Ltd / Dec 23 Calcorp Limited(CASH)	27.48 ▲ 2.50 (10.01%)
Bawany Air Products / Dec 23 Bawany Air Products Limited(BAPL)	37.62 ▲ 3.42 (10.00%)
BF Biosciences / Dec 23 BF Biosciences Limited(BFBIO)	231.43 ▲ 21.04 (10.00%)

Stock	Price
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Olympia Mills / Dec 23 Olympia Mills Limited(OML)	34.60 ▼ -3.82 (-9.94%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.99 ▼ -1.52 (-9.80%)
LSE Financial Serv. / Dec 23 LSE Financial Services Limited(LSEFSL)	14.66 ▼ -1.59 (-9.78%)
S.G.Power / Dec 23 S.G. Power Limited(SGPL)	10.16 ▼ -1.03 (-9.20%)
National Silk / Dec 23 The National Silk & Rayon Mills Limited(NSRM)	50.51 ▼ -4.93 (-8.89%)
Supernet Ltd. / Dec 23 Supernet Limited (GEM)(GEMSPNL)	15.55 ▼ -1.37 (-8.10%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.09
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.10
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.15
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▼ -0.15
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	31,401,541 ▲ 0.43
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.20
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	24,758,356 ▲ 2.00
Symmetry Group / Dec 23 Symmetry Group Limited(SYM)	21,897,051 ▲ 0.21
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	20,907,043 ▲ 1.11

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