News Archives for Print - 2025-01-17

Print - 2025-01-17

Sri Lanka signs historic $3.7bn deal with Sinopec

BEIJING: Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil...

Published 17 Jan, 2025 02:56am

UAE confirms rollover of $2bn deposits

KARACHI: The United Arab Emirates (UAE) has confirmed rollover of $2 billion deposits placed with the State Bank of...

Published 17 Jan, 2025 02:56am

India achieves ‘historic’ space docking mission

BENGALURU, (India): India docked two satellites in space Thursday, a key milestone for the country’s dreams of a...

Published 17 Jan, 2025 02:56am

PTA, MoC sign memo in advancing digital ecosystem

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) and the Ministry of Commerce (MoC) signed a memorandum of...

Published 17 Jan, 2025 02:56am

Pakistan aim to finish ICC Test Championship 2023-25 on a high note

LAHORE: Pakistan will aim to finish the ICC World Test Championship 2023-25 on a winning note when they face West...

Published 17 Jan, 2025 02:56am

Commodities

Gold hits one-month high

NEW YORK: Gold prices firmed near one-month highs hit earlier on Thursday after a softer-than-expected core US...

Published 17 Jan, 2025 02:56am

FUUAST unveils book on Pakistan-Central Asia connectivity

KARACHI: The Federal Urdu University of Arts, Science, and Technology (FUUAST) has announced the publication of the...

Published 17 Jan, 2025 02:56am

Chinese bus making co team meets Sharjeel

KARACHI: A delegation of a Chinese bus manufacturing company called on Sindh Senior Minister Sharjeel Inam Memon in...

Published 17 Jan, 2025 02:56am

BIEK: students protest against ‘discrepancies’

KARACHI: Hundreds of students affected by alleged discrepancies in results issued by the Board of Intermediate...

Published 17 Jan, 2025 02:56am

Education, transport and infrastructure: Sindh Cabinet approves major reforms

KARACHI: During a four-and-a-half-hour meeting, the Sindh cabinet meeting chaired by Chief Minister Syed Murad Ali...

Published 17 Jan, 2025 02:56am

Senate body says basic PPAF structure must remain unchanged

ISLAMABAD: The Senate Standing Committee on Poverty Alleviation and Social Safety has directed the government to not...

Published 17 Jan, 2025 02:56am

Responding to the challenge of terrorism

Abdul Basit Alvi Following the Taliban’s return to power in 2021, the situation has grown more complex, with...

Published 17 Jan, 2025 02:56am

CM launches ‘Honhar scholarship Scheme’ in Faisalabad

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif formally launched “Honhar Scholarship Scheme” in Faisalabad in...

Published 17 Jan, 2025 02:56am

11,000 livestock cards delivered to farmers so far

LAHORE: The Punjab Livestock & Dairy Development Department (L&DDD) Punjab has so far delivered over 11,000...

Published 17 Jan, 2025 02:56am

Maryam launches ‘CM Punjab Asaan Karobar Finance Scheme’ and ‘Asaan Karobar Card’

LAHORE: The Punjab government has taken a mega step to promote business activities in the province. “CM Punjab...

Published 17 Jan, 2025 02:56am

WHO appeals for $1.5bn to tackle ‘unprecedented’ global health crisis

GENEVA: The World Health Organization appealed Thursday for $1.5 billion for emergency operations this year, warning...

Published 17 Jan, 2025 02:56am

The Weather

KARACHI: The weather report on Thursday (January 16, 2025) and the forecast for Friday (January 17, 2025)...

Published 17 Jan, 2025 02:56am

CJP-led probe commissions demanded: PTI submits its ‘charter of demands’ to govt

ISLAMABAD: Finally, the beleaguered Pakistan Tehreek-e-Insaf (PTI) formally submitted its charter of demands to the...

Published 17 Jan, 2025 02:56am

Youth Programme: PM directs significant increase in loan amount

ISLAMABAD: In a bold move aimed at empowering the youth, Prime Minister Shehbaz Sharif on Thursday directed a...

Published 17 Jan, 2025 02:56am

FO advocates full implementation of Gaza ceasefire deal

ISLAMABAD: Pakistan has welcomed the Gaza ceasefire agreement reached between Hamas and Israel on 15th January and...

Published 17 Jan, 2025 02:56am

Over 40 Pakistanis drowned en route to Spain

ISLAMABAD: The Foreign Office (FO) said on Thursday that yet another boat with 80 passengers has capsized near...

Published 17 Jan, 2025 02:56am

Legal fraternity: body censured for creating ‘division’

ISLAMABAD: The Supreme Court Bar Association (SCBA) president warned All Pakistan Lawyer Action Committee (APLAC)...

Published 17 Jan, 2025 02:56am

Students in Bishkek: MoFA seeks Rs90m TSG for repatriation

ISLAMABAD: The Ministry of Foreign Affairs (MoFA) has sought Technical Supplementary Grant (TSG) of Rs 90 million to...

Published 17 Jan, 2025 02:56am

Gohar confirms ‘secret talks’ with army chief

ISLAMABAD: In a major breakthrough to defuse the rising political temperature in the country, Pakistan...

Published 17 Jan, 2025 02:56am

PM constitutes body to examine PTI demands

ISLAMABAD: Adviser to the Prime Minister on Political Affairs Rana Sanaullah Khan stated on Thursday that Prime...

Published 17 Jan, 2025 02:56am

2 troops martyred as convoy with essential supplies attacked

ISLAMABAD: Yet another Parachinar-bound convoy transporting food, medical and essential supplies came under attack ...

Published 17 Jan, 2025 02:56am

Neoliberalism, IMF’s exceptional financing & recidivist behaviour of programme countries—I

Traditionally, Pakistan has been infamously called a ‘one-tranche’ country, which although is correct in the...

Published 17 Jan, 2025 02:56am

Political dialogue is indispensable

Communication and negotiation are indispensable pillars of politics, serving as a bridge between conflicting...

Published 17 Jan, 2025 02:56am

PARTLY FACETIOUS: The Gazans can return to their homes now?

“I heard Genocide Joe’s farewell speech.” “To be fair, he did wait to deliver the legacy speech till the...

Published 17 Jan, 2025 02:56am

22 terrorists eliminated in Tirah

ISLAMABAD: In response to a series of recent terrorist attacks in Tirah, Khyber District, which have claimed the...

Published 17 Jan, 2025 02:56am

FIRs against May 9 accused: SC asks govt to explain relevant sections of law

ISLAMABAD: The Supreme Court has asked the federation to inform under which sections the first information reports...

Published 17 Jan, 2025 02:56am

£190m returned by UK’s National Crime Agency: Tarar questions PTI leadership actions

ISLAMABAD: Federal Minister for Information, Broadcasting, National Heritage, and Culture Attaullah Tarar has...

Published 17 Jan, 2025 02:56am

Stocks

Luxury firms lift Europe’s STOXX 600 to 5-week high

FRANKFURT: European shares rose nearly 1 percent on Thursday, with luxury stocks boosted by Richemont’s upbeat...

Published 17 Jan, 2025 02:56am

Stocks

China stocks edge up in broader Asian rally

HONG KONG: China and Hong Kong shares edged up on Thursday to join a broader rally in Asia, with sentiment buoyed by...

Published 17 Jan, 2025 02:56am

Stocks

Financials lead rise in Indian shares

MUMBAI: Indian shares rose on Thursday, led by financials and tracking other global markets, after underlying US...

Published 17 Jan, 2025 02:56am

Letters

Pakistani hero Asif Bashir: ‘The Angel of Mina’

This is apropos a news item “Life-saving role during Hajj 2024: Pakistani nominated for prestigious Indian Civil...

Published 17 Jan, 2025 02:56am

Japan envoy calls on Aurangzeb

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with Japanese...

Published 17 Jan, 2025 02:56am

Indo-Pacific Security Programme: Director CNAS in Washington vows to grow trade, investment ties

ISLAMABAD: Director of the Indo Pacific Security Programme at Centre for a New American Security (CNAS) in...

Published 17 Jan, 2025 02:56am

Rates

Equities extend losses

KARACHI: Pakistan Stock Exchange on Thursday witnessed a mixed trend and after moving in both directions, closed on ...

Published 17 Jan, 2025 02:56am

Stocks

Wall St subdued after strong session

NEW YORK: Wall Street’s main indexes took a pause on Thursday after a surge in the previous session, helped by a...

Published 17 Jan, 2025 02:56am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 120,642 tonnes of cargo comprising 71,739 tonnes of import cargo and 48,903...

Published 17 Jan, 2025 02:56am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (January 16, 2025)...

Published 17 Jan, 2025 02:56am

Cotton & Textile

Trading activity improves slightly on cotton market

LAHORE: The local cotton market on Thursday remained steady and the trading volume remained moderate. Cotton ...

Published 17 Jan, 2025 02:56am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 49.098...

Published 17 Jan, 2025 02:56am

Commodities

India’s palm oil imports to hit 5-year low

MUMBAI: India’s palm oil imports are set to plunge to a near five-year low in January, hit by negative refining...

Published 17 Jan, 2025 02:56am

Energy

Oil falls as halt to Houthi’s shipping attacks expected

HOUSTON: Oil prices slipped on Thursday with Yemen’s Houthi militia expected to halt attacks on ships in the Red...

Published 17 Jan, 2025 02:56am

Rates

LME official prices

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

Published 17 Jan, 2025 02:56am

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 17 Jan, 2025 02:56am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (January 16, 2025). ========================== KIBOR...

Published 17 Jan, 2025 02:56am

Forex

Open market rates of foreign currencies

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

Published 17 Jan, 2025 02:56am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (January 16, 2025). ======================== Open Bid...

Published 17 Jan, 2025 02:56am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (January 16, 2025)....

Published 17 Jan, 2025 02:56am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 16, 2025)....

Published 17 Jan, 2025 02:56am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (January 16, 2025)...

Published 17 Jan, 2025 02:56am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (January 16, 2025). ======================================= Offset...

Published 17 Jan, 2025 02:56am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (January 16, 2025). ==================================== BR...

Published 17 Jan, 2025 02:56am

Warehousing as industry: ECC reapproves declaration

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has reapproved declaration of warehousing as...

Updated 17 Jan, 2025 09:00am

Foreign-funded projects: Design changes, consultant delays stall work: Senate panel

ISLAMABAD: The Senate Standing Committee on Economic Affairs expressed serious concerns over the delay in the...

Updated 17 Jan, 2025 09:17am

NEV policy tailored to meet national priorities: MoI&P

ISLAMABAD: Ministry of Industries and Production emphasised policy interventions to ensure smooth adoption of New...

Updated 17 Jan, 2025 09:18am

Make no case on weak grounds, PM tells FBR

Directs authorities to expedite the FBR’s legal steps being taken to ensure the early conclusion of the under-trial cases of tax revenues

Updated 17 Jan, 2025 09:22am

‘Cost of Diamer-Bhasha Dam Project has increased 119.21pc’

ISLAMABAD: Minister for Water Resources Musadik Malik said the cost of Diamer Bhasha Dam Project has increased...

Updated 17 Jan, 2025 08:58am

KE team meets govt officials to resolve issues

ISLAMABAD: K-Electric team led by Chairman of KE’s Board of Directors, Mark Skelton held meetings with key...

Updated 17 Jan, 2025 09:00am

Issues facing French IPPs come under discussion

ISLAMABAD: French ambassador to Pakistan, Nicolas Galey on Thursday reached Power Division to hold a meeting with...

Updated 17 Jan, 2025 09:19am

Paper & paperboard: TPB to waive 10pc RD beyond Dec 31, 2024

ISLAMABAD: The Tariff Policy Board (TPB), has decided to withdraw 10 percent regulatory duty on paper and paperboard...

Updated 17 Jan, 2025 09:06am

KEPZ’s audits yield record Rs71m revenue recovery

KARACHI: The Export Collectorate, Port Qasim (PMBQ) has reported unprecedented success in revenue recovery through...

Updated 17 Jan, 2025 09:20am

FBR allows entry of Azerbaijan’s cargo vehicles

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday allowed entry of Azerbaijan’s registered vehicles...

Updated 17 Jan, 2025 09:22am

PM welcomes launch of Menzies Aviation

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday welcomed the launch of Menzies Aviation – an international...

Updated 17 Jan, 2025 09:05am

Lahore Shopping Festival 2025 begins from 31st

LAHORE: Mega event “Lahore Shopping Festival 2025” is set to take place from January 31st to February 2nd at the...

Published 17 Jan, 2025 02:56am

Gaza truce deal

EDITORIAL: Israel and Hamas are reported to have reached a ceasefire agreement at last. According to press reports,...

Published 17 Jan, 2025 02:56am

Tackling unemployment

EDITORIAL: It is appreciated that the government is “working on a policy aimed at lowering unemployment by...

Published 17 Jan, 2025 02:56am

Debt and risk management committee

EDITORIAL: The World Bank in a recent report urged Pakistan to establish a permanent “Debt and risk management...

Published 17 Jan, 2025 02:56am

Commodities

‘Agri sector is facing severe challenges due to water scarcity’

ISLAMABAD: Pakistan’s agriculture sector, which contributes 23 percent to the country’s GDP, is facing severe...

Published 17 Jan, 2025 02:56am

Commodities

Vietnam coffee prices edge down

HANOI: Vietnam coffee prices slipped this week as farmers released more beans ahead of the week-long Lunar New Year...

Published 17 Jan, 2025 02:56am

Commodities

Iron ore higher on lower shipments, softer dollar

BEIJING: Prices of iron ore futures climbed to a four-week high on Thursday, supported by reduced shipments from a...

Published 17 Jan, 2025 02:56am

Commodities

Copper hits 5 weeks peak on China stimulus hopes

LONDON: Copper prices touched a five-week high on Thursday after the dollar’s rally paused and investors had...

Published 17 Jan, 2025 02:56am

Commodities

Japanese rubber futures gain on higher oil prices, supply worries

SINGAPORE: Japanese rubber futures gained more ground on Thursday, tracking a rally in oil prices and potential...

Published 17 Jan, 2025 02:56am

Commodities

Asia rice: Weak rupee, plentiful stocks pin India rates to 18-month low

HANOI, MUMBAI, BANGKOK AND BANGLADESH: Indian rice export prices fell to their lowest level in 18 months this week,...

Published 17 Jan, 2025 02:56am

Commodities

Palm falls on weak rival oil prices, muted demand

JAKARTA: Malaysian palm oil futures fell for a third straight session on Thursday and ended at their lowest closing...

Published 17 Jan, 2025 02:56am

World Bank projects 2.8pc growth boost

ISLAMABAD: Growth in Pakistan is projected to strengthen to 2.8 percent in fiscal year 2024-25 and 3.2 percent in...

Published 17 Jan, 2025 02:56am

Companies

Greentree to acquire 35.147pc TRG stake

KARACHI: Greentree Holdings Limited has formally issued a public announcement of offer to acquire up to 35.147...

Published 17 Jan, 2025 02:56am

Taxes

Customs Tribunal rules in favour of vehicle owner, waives penalty

LAHORE: The Customs Appellate Tribunal has dismissed an appeal filed by the Collectorate, upholding the decision of...

Published 17 Jan, 2025 02:56am

Money & Banking

US dollar gains after data

NEW YORK: The US dollar fell on Thursday as traders digest a slew of mixed economic data to gauge the outlook for ...

Published 17 Jan, 2025 02:56am

Money & Banking

Asian currencies: Rupiah, won hit by surprise central bank rate calls

BENGALURU: The Indonesian rupiah stayed near six-month lows on Thursday, while the South Korean won snapped a...

Published 17 Jan, 2025 02:56am

Taxes

Tax rebate for full-time teachers: FBR directed to issue detailed IT explanatory circular

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue a detailed income ...

Published 17 Jan, 2025 02:56am

Companies

inDrive appoints Awais Saeed as Country Lead for Pakistan

KARACHI: Global mobility platform inDrive has announced the appointment of Muhammad Awais Saeed as its new Country...

Published 17 Jan, 2025 02:56am

Industry

‘Need to promote eco-friendly industrial hemp to protect textile industry’

FAISALABAD: The cotton production has declined from 14 million bales to 10 million bales in 2024 that needs ...

Published 17 Jan, 2025 02:56am

Industry

PCJCCI hosts high-level meeting with GREF

LAHORE: Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) hosted a high-level meeting Thursday with...

Published 17 Jan, 2025 02:56am

Companies

Jazz CEO also joins VEON’s GEC

ISLAMABAD: Aamir Ibrahim, CEO of Jazz and Chairman of Mobilink Microfinance Bank, has joined the Group Executive...

Published 17 Jan, 2025 02:56am

Taxes

STZA licencees should obtain registration under PSW: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for the licencees of Special Technology Zones...

Published 17 Jan, 2025 02:56am

Companies

IZP, HABIBMETRO to give JBS Rs800m trade finance facility

KARACHI: InfraZamin Pakistan (IZP) and HABIBMETRO partnered to provide a structured Rs 800 million guaranteed trade...

Published 17 Jan, 2025 02:56am

Taxes

Punjab govt introduces new property tax system

LAHORE: The Punjab government has introduced a new property tax system to streamline processes, eliminate...

Published 17 Jan, 2025 02:56am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	155.74
USD to Swiss Franc / Jan 17	0.91
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 16	5,937.34
Nasdaq / Jan 16	19,338.29
Dow Jones / Jan 16	43,153.13
India Sensex / Jan 17	76,671.81
Tokyo Nikkei / Jan 17	38,451.46
Hang Seng / Jan 17	19,567.81
FTSE 100 / Jan 17	8,477.94
Germany DAX 30 / Jan 17	20,852.83

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 16	18,785
Gold 10 Grams PKR / Jan 16	241,941
Petrol/Litre / Jan 17	256.13
Crude Oil USD/Barrel / Jan 17	79.09
Gold Spot USD/Ounce / Jan 17	2,713.02
Diesel/Litre / Jan 17	260.95

Gainers
Losers
Leaders

Stock	Price
F.Credit & Inv / Jan 17 First Credit and Investment Bank Limited(FCIBL)	8.74 ▲ 0.98 (12.63%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Data Agro / Jan 17 Data Agro Limited(DAAG)	125.75 ▲ 11.43 (10.00%)
Khyber Textile / Jan 17 Khyber Textile Mills Limited(KHYT)	602.57 ▲ 54.78 (10.00%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.79 ▲ 1.14 (9.79%)
Escorts Bank / Jan 17 Escorts Investment Bank Limited(ESBL)	5.90 ▲ 0.52 (9.67%)
GOC (Pak) / Jan 17 GOC (Pak) Limited.(GOC)	73.85 ▲ 6.33 (9.37%)

Stock	Price
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.26 ▼ -0.81 (-13.34%)
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.84 ▼ -2.68 (-11.90%)
Hussain Industries / Jan 17 Husein Industries Limited(HUSI)	29.70 ▼ -3.30 (-10.00%)
National Silk / Jan 17 The National Silk & Rayon Mills Limited(NSRM)	49.90 ▼ -5.54 (-9.99%)
Idrees Tex. / Jan 17 Idrees Textile Mills Limited(IDRT)	13.15 ▼ -1.45 (-9.93%)
Suhail Jute / Jan 17 Suhail Jute Mills Limited(SUHJ)	104 ▼ -9.21 (-8.14%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	15.36 ▼ -1.28 (-7.69%)
Pakgen Power / Jan 17 Pakgen Power Limited(PKGP)	99 ▼ -6.90 (-6.52%)
MCB Invest. Managmt. / Jan 17 MCB Investment Management Limited(MCBIM)	61.10 ▼ -4.08 (-6.26%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.03
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.10
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	24,627,052 ▲ 2.75
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	19,593,726 ▲ 0.66
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	19,331,666 ▲ 0.38
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.84
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,116,917 ▲ 0.12
Pak Int.Bulk / Jan 17 Pakistan International Bulk Terminal(PIBTL)	12,673,430 ▼ -0.04
Engro Holdings Ltd / Jan 17 Engro Holdings Limited(ENGROH)	10,842,015 ▲ 0.99

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