News Archives for Print - 2025-02-01

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Print - 2025-02-01

Govt decides to develop SEZ on PSM land

Includes the creation of a comprehensive and tailored land lease model, which will offer options for sale, land lease, or licensing, based on the investor’s preferences

Updated 01 Feb, 2025 02:52pm

Naqvi optimistic about winning Champions Trophy

LAHORE: Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi has expressed optimism that Team Pakistan will win the...

Published 01 Feb, 2025 06:30am

PDWP approves 2 schemes worth over Rs13bn

LAHORE: The Provincial Development Working Party (PDWP) for the fiscal 2024-25 on Friday approved two development...

Published 01 Feb, 2025 06:30am

PFA seals tea production unit

LAHORE: In a major crackdown against food safety violations on Friday, the Punjab Food Authority (PFA) sealed a tea...

Published 01 Feb, 2025 06:30am

Industry

PHMA seeks relief package for construction industry

LAHORE: Pakistan Hardware Merchant Association (PHMA) Chairman Sardar Usman Ghani and Senior Vice Chairman Syed ...

Published 01 Feb, 2025 06:30am

SECP clarifies

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) late Friday night clarified that the reports of...

Published 01 Feb, 2025 06:30am

Stocks

Tech stocks help Nikkei eke out small gain

TOKYO: Japan’s Nikkei share average closed slightly higher on Friday as technology stocks tracked Wall Street’s...

Published 01 Feb, 2025 06:30am

Stocks

STOXX 600 logs longest weekly winning streak in 10 months

FRANKFURT: European shares closed at a record high on Friday, led by technology stocks, as earnings from companies...

Published 01 Feb, 2025 06:30am

Stocks

S&P 500, Nasdaq climb as Apple gains

NEW YORK: The S&P 500 and the Nasdaq rose on Friday, as Apple gained following a strong sales forecast and a...

Published 01 Feb, 2025 06:30am

Money & Banking

S Korean won, Malaysian ringgit lead Asian FX falls

BENGALURU: The South Korean won and the Malaysian ringgit fell most among Asian currencies on Friday as investors...

Published 01 Feb, 2025 06:30am

Money & Banking

US dollar strengthens

NEW YORK: The US dollar strengthened against major currencies including the yen and euro on Friday, while the...

Published 01 Feb, 2025 06:30am

Europe

Norway seizes Russian-crewed ship over suspected cable damage

OSLO: Norwegian police said on Friday they had seized a Norwegian-owned ship at Latvia’s request over its ...

Published 01 Feb, 2025 06:30am

Journalists protest against PECA

ISLAMABAD: The journalist community on Friday staged a protest demonstration against the controversial Prevention of...

Published 01 Feb, 2025 06:30am

Rates of DOC, chicken and eggs decline after CCP intervenes

ISLAMABAD: In a significant move aimed at curbing anti-competitive practices in poultry sector, the Competition...

Updated 01 Feb, 2025 09:17am

Judge transfer issue: five IHC judges write letter to CJP, 3 CJs

ISLAMABAD: Five judges of Islamabad High Court (IHC) on Friday wrote a letter to chief justice of Pakistan and the...

Updated 01 Feb, 2025 09:03am

Increase in sugar price: Millers, distributors asked to stop overcharging

ISLAMABAD: Following an increase of Rs 900 per 50-kg bag, or Rs 18 per kg, in refined sugar prices, the Ministry of...

Updated 01 Feb, 2025 04:00pm

Review of tax laws bill: NA panel cancels 3rd meeting due to FBR chairman’s absence

ISLAMABAD: The sub-committee of the National Assembly Standing Committee on Finance cancelled its third meeting at...

Updated 01 Feb, 2025 02:54pm

EU rep outlines key conditions for GSP+ trade benefits

ISLAMABAD: Ambassador Olof Skoog, EU Special Representative for Human Rights (EUSR), emphasized Friday that the ...

Published 01 Feb, 2025 06:30am

Jiang, PM discuss economy, security

ISLAMABAD: The Ambassador of China to Pakistan Jiang Zedong called on Prime Minister Shehbaz Sharif on Friday and...

Updated 01 Feb, 2025 03:59pm

Non-Iranian origin containers: MoC grants one-time waiver of EIF

ISLAMABAD: The Ministry of Commerce has granted a one-time waiver for non-Iranian origin containers, allowing them...

Updated 01 Feb, 2025 02:53pm

Rs84bn shortfall in Jan collection

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs 872 billion during the month of January...

Updated 01 Feb, 2025 04:00pm

Disclosures made to PSX: row deepens among indirect KE shareholders

ISLAMABAD: The row among the indirect shareholders of K-Electric Limited through KES Power appears to be...

Updated 01 Feb, 2025 04:00pm

Real estate: PBC urges PM to order crackdown on ‘black money’

ISLAMABAD: The Pakistan Business Council (PBC) has urged Prime Minister Shehbaz Sharif to tackle the issue of black...

Updated 01 Feb, 2025 02:53pm

Rates

Fresh buying lifts index

KARACHI: Pakistan Stock Exchange on Friday witnessed a bullish trend and closed on strong positive note with healthy...

Published 01 Feb, 2025 06:30am

Trump will impose Canada, Mexico, China tariffs today

WASHINGTON: President Donald Trump will impose tariffs Saturday on the three largest US trading partners — Canada,...

Published 01 Feb, 2025 06:30am

Petrol price hiked by Re1, diesel’s by Rs7

ISLAMABAD: High-speed diesel (HSD) and petrol rates have been increased up to Rs 7 per litre on Friday for the next...

Published 01 Feb, 2025 06:30am

NA panel approves raise in salaries of MPs

ISLAMABAD: The National Assembly Finance Committee approved an increase in the salaries of MNAs and senators,...

Updated 01 Feb, 2025 03:59pm

‘Social Media Protection Authority’ on the cards

ISLAMABAD: The government on Friday announced it would be establishing a Social Media Protection Authority under the...

Published 01 Feb, 2025 06:30am

Statistics

SPI-based inflation down 0.36pc

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended January 30, 2025, decreased by 0.36...

Published 01 Feb, 2025 06:30am

PTI rejects PM’s offer of parliamentary panel

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday rejected the formation of a parliamentary panel proposed by ...

Published 01 Feb, 2025 06:30am

Where trials of ‘civilians’ will be held if Sec 2(1) (d) of Army Act is removed, asks SC

ISLAMABAD: The Supreme Court questioned if Section 2 (1)(d) of Army Act, 1952 is removed then where the trials of...

Published 01 Feb, 2025 06:30am

PARTLY FACETIOUS: Is it the time to turn the page and start partying again?

The air waves are full of Zardari sahib bashing, he pledged to the Maulana that he will not sign on the Prevention...

Published 01 Feb, 2025 06:30am

Kurram AC injured in firing incident

ISLAMABAD: Another senior officer of the district administration fallen victim to miscreants, as Kurram Assistant...

Published 01 Feb, 2025 06:30am

14 kanal of state land recovered

LAHORE: In an operation against the illegal occupation of state land, the Lahore district administration recovered ...

Published 01 Feb, 2025 06:30am

CCP, SECP hold productive meeting

ISLAMABAD: The Competition Commission of Pakistan (CCP) and the Securities and Exchange Commission of Pakistan ...

Published 01 Feb, 2025 06:30am

Corruption is sub-registrar offices: Sindh govt takes action

KARACHI: Acting on the findings of an enquiry report submitted by the Chief Minister's Inspection Team (CMIT), the...

Published 01 Feb, 2025 06:30am

Industry

‘Complicated’ filing requirements irk KCCI

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani has said that the recent...

Published 01 Feb, 2025 06:30am

Industry

‘Pakistan taking leading role in the FAME initiative’

LAHORE: Pakistan is taking a leading role in the FAME (Feminism: Action and Mobilisation for an Inclusive Economy)...

Published 01 Feb, 2025 06:30am

ICCD secy gen highlights significance of Sustainable Tourism Forum

KARACHI: Yousef Khalawi, Secretary General of the Islamic Chamber of Commerce and Development (ICCD), highlighted ...

Published 01 Feb, 2025 06:30am

Taxes

IHC stops FBR from taking action against sealed eatery

ISLAMABAD: The Islamabad High Court (IHC) has stopped the Federal Board of Revenue (FBR) from taking action against ...

Published 01 Feb, 2025 06:30am

Higher educational institutions: KP CM launches scholarships for students

PESHAWAR: KP Chief Minister Ali Amin Khan Gandapur launched scholarships under Khyber Pakhtunkhwa Education...

Published 01 Feb, 2025 06:30am

LDA seals 136 properties

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

Published 01 Feb, 2025 06:30am

Minister terms Pakistan-China relationship exemplary bond

ISLAMABAD: Federal Minister for Information Attaullah Tarar reaffirmed the deep-rooted and time-tested ...

Published 01 Feb, 2025 06:30am

MNFS&R seeks FAO’s guidance in formulating policy on food security

ISLAMABAD: The Ministry of National Food Security and Research (MNFS&R) has sought the Food and Agriculture...

Published 01 Feb, 2025 06:30am

Complaint cells of CMs: NA body suggests PMDU to integrate PCP with portals

ISLAMABAD: National Assembly Standing Committee on Parliamentary Affairs recommended the Prime Minister’s Delivery...

Published 01 Feb, 2025 06:30am

Let’s protect our mangroves

Rapid and reckless urbanization around Karachi, alongside industrial developments, led to a significant loss of...

Published 01 Feb, 2025 06:30am

Production order row with govt: ‘Protesting’ chairman Senate leads delegation to Ireland, Austria

ISLAMABAD: Days after skipping Senate meetings reportedly over production order row with the government, Chairman...

Published 01 Feb, 2025 06:30am

CI-UAF celebrates Chinese New Year

FAISALABAD: The Confucius Institute (CI) at the University of Agriculture Faisalabad celebrated Chinese New Year...

Published 01 Feb, 2025 06:30am

15-member squad for ICC Champions Trophy announced

LAHORE: The Pakistan Cricket Board (PCB) has announced a 15-member squad for the ICC Champions Trophy 2025,...

Published 01 Feb, 2025 06:30am

CBD Punjab, TDCP join hands for 20th Int’l Cholistan Jeep Rally

LAHORE: The Punjab Central Business District Development Authority (PCBDDA) has entered a strategic partnership with...

Published 01 Feb, 2025 06:30am

MoU inked to establish ‘Technical Resource Centre’ in Attock

LAHORE: A memorandum of understanding (MoU) signing ceremony chaired by Punjab Governor Sardar Saleem Haider Khan...

Published 01 Feb, 2025 06:30am

Anti-polio drive in Punjab to begin on Monday

LAHORE: The anti-polio drive will begin in Punjab from February 3, in Lahore, Rawalpindi and Faisalabad and the...

Published 01 Feb, 2025 06:30am

LHC asks: how many buses has school education dept purchased?

LAHORE: The Lahore High Court on Friday ordered the school education department to submit a report on how many buses...

Published 01 Feb, 2025 06:30am

Taxes

‘Papers not filed to answer notice’: Higher tribunal upholds stance of tax dept

LAHORE: A show-cause notice by the tax department has survived the test on the ground that a tribunal cannot base...

Published 01 Feb, 2025 06:30am

Punjab CM inaugurates country’s first e-bus service

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif Friday formally launched Pakistan’s first electric bus service....

Published 01 Feb, 2025 06:30am

Industry

FPCCI plans to raise Pakistan-Iran trade target to $10bn

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has announced ambitious plans to...

Published 01 Feb, 2025 06:30am

Energy

Effective today: LPG price raised by Rs3.68

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has hiked the price of liquefied petroleum gas (LPG) by...

Published 01 Feb, 2025 06:30am

‘Severe financial distress hinders NHA’s ability to invest in operations’

ISLAMABAD: The National Highways Authority (NHA) has been in severe financial distress with outstanding loan...

Published 01 Feb, 2025 06:30am

Banks asked to promote climate- resilient, tech-based agri financing

KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad has advised banks to promote climate resilient and...

Published 01 Feb, 2025 06:30am

Energy

KE removes over 1,000 illegal connections

KARACHI: K-Electric (KE) conducted an anti-power theft drive in Gulistan-e-Jauhar, Karachi, alongside a facilitation...

Updated 01 Feb, 2025 07:07am

Interest Rates

Rate cut to catalyse real estate growth: Eighteen CEO

ISLAMABAD: Following the recent announcement by the State Bank of Pakistan (SBP) to reduce the policy rate to 12...

Published 01 Feb, 2025 06:30am

FD unveils commemorative coins issuance policy

ISLAMABAD: The Finance Division unveiled policy regarding issuance of commemorative coins, while admitting that the...

Published 01 Feb, 2025 06:30am

2.9m Afghan nationals residing, Senate panel told

ISLAMABAD: The Senate Standing Committee on States and Frontier Regions (SAFRON) was informed on Friday that...

Published 01 Feb, 2025 06:30am

The Weather

KARACHI: The weather report on Friday (January 31, 2025) and the forecast for Saturday (February 01, 2025)...

Published 01 Feb, 2025 06:30am

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 01 Feb, 2025 06:30am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (January 31, 2025). ========================== KIBOR...

Published 01 Feb, 2025 06:30am

Forex

Open market rates of foreign currencies

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

Published 01 Feb, 2025 06:30am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (January 31, 2025). ======================== Open Bid Rs...

Published 01 Feb, 2025 06:30am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (January 31, 2025)....

Published 01 Feb, 2025 06:30am

Sindh Assembly passes two amendment bills amid strong protest

KARACHI: Opposition rattled the Sindh Assembly on Friday with a strong protest against legislations on judiciary and...

Published 01 Feb, 2025 06:30am

Election promises

The world is changing at a dizzying pace. This change has now got fresh stimulus with the election of Donald Trump ...

Published 01 Feb, 2025 06:30am

The case for corporate farming

EDITORIAL: The recent steps towards corporatising agriculture in the country, with the government leasing unused...

Published 01 Feb, 2025 06:30am

Debt and poverty

EDITORIAL: Surely, neither the government nor the people needed yet another research report to tell them that...

Published 01 Feb, 2025 06:30am

‘Maha’ stampede

EDITORIAL: The Kumbh Mela, held every three years in one of the four cities in the India’s most populous state, UP,...

Published 01 Feb, 2025 06:30am

Letters

‘Trump’s strategy to counter China’s BRI: too little, too late’

This is apropos two back-to-back letters to the Editor titled ‘Trump’s strategy to counter China’s BRI: too...

Published 01 Feb, 2025 06:30am

Commodities

Gold prices set new record

KARACHI: Gold prices hit new record highs locally and globally on Friday with international bullion value nearing...

Published 01 Feb, 2025 06:30am

German team explores investment scope in energy sector

KARACHI: A German delegation met Sindh Minister for Energy, Development and Planning Syed Nasir Hussain Shah and...

Published 01 Feb, 2025 06:30am

Deputy HC of Kenya meets TDAP secretary

KARACHI: Deputy High Commissioner of Kenya Daniel Nganda and Bonface Njoroge Njuguna, Commercial Attaché met with...

Published 01 Feb, 2025 06:30am

JI stages sit-ins across Karachi against power load-shedding

KARACHI: Jamaat-e-Islami - Karachi staged sit-in protests at 14 major locations across the city on Friday, demanding...

Published 01 Feb, 2025 06:30am

Companies

Zarea set to raise Rs1bn via landmark IPO

KARACHI: Zarea Limited, a leading B2B Digital Marketplace for commodities in Pakistan, is set to make history with...

Published 01 Feb, 2025 06:30am

IT cos urge govt to introduce satellite internet services

KARACHI: IT exporting companies have urged the government to expedite the launch of satellite internet services by...

Published 01 Feb, 2025 06:30am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (January 31, 2025). ==================================== BR...

Published 01 Feb, 2025 06:30am

Rs4bn ‘malfeasance’: PALPA demands forensic audit of PIA Pension Trust

KARACHI: Pakistan Airline Pilots Association (PALPA) has demanded a complete forensic audit of the PIA Pension...

Published 01 Feb, 2025 06:30am

Industry

KATI president rejects DISCOs’ request to increase security deposit charges

KARACHI: Junaid Naqi, President of the Korangi Association of Trade and Industry (KATI), has rejected the request by...

Published 01 Feb, 2025 06:30am

Security forces kill 10 terrorists in IBOs

ISLAMABAD: Security forces killed ten terrorists in various operations in Khyber Pakhtunkhwa on January 30 and 31....

Published 01 Feb, 2025 06:30am

Companies

Jazz inaugurates its Karachi Experience Centre

KARACHI: Jazz has inaugurated its Karachi Experience Center at COM3 Tower, Block 6, Clifton on Friday, reaffirming...

Published 01 Feb, 2025 06:30am

Industry

8 firms to take part in ‘Texworld/ Apparel Sourcing Paris’event

KARACHI: The globally renowned exhibition for fashion and denim industries, “Texworld / Apparel Sourcing Paris” will...

Published 01 Feb, 2025 06:30am

Shalimar Express: Three coaches derail; inquiry ordered

LAHORE: Three coaches of the Shalimar Express, travelling from Lahore to Karachi, derailed near Shahdara Railway...

Published 01 Feb, 2025 06:30am

Energy

OGDCL commences oil & gas production from Bettani-2 Appraisal Well in Lakki Marwat

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

Published 01 Feb, 2025 06:30am

Industry

Standard Chartered Pakistan supports OICCI’s 3rd Climate Conference

KARACHI: Karachi: Standard Chartered Pakistan was the Platinum Sponsor of the 3rd Pakistan Climate Conference,...

Published 01 Feb, 2025 06:30am

Formation of National Minority Commission supported

KARACHI: During the discussion, Anthony Naveed, Deputy Speaker of the Sindh Assembly, acknowledged that challenges...

Published 01 Feb, 2025 06:30am

Companies

First PayPak awards ceremony held at Murree

MURREE: 1LINK hosted the inaugural PayPak Awards Ceremony, an event that celebrated the winners of its highly...

Published 01 Feb, 2025 06:30am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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