News Archives for Latest - 2023-06-30

<<>>

Archive - 2023-06-30

Business & Economy

Govt keeps petrol price unchanged, increases rate of high-speed diesel by Rs7.5

Says hike in HSD due to increase of $3.5 per barrel in the international market

Updated 01 Jul, 2023 07:39pm

Business & Finance

Sindh Revenue Board sees ‘record breaking collection’ in June

June's revenue collection was Rs24 billion, taking total to Rs185 billion during 2022-23

Updated 01 Jul, 2023 08:58am

Money & Banking

India’s forex reserves drop to one-month low of $593.2bn in week to June 23

MUMBAI: India’s foreign exchange reserves dropped to a one-month low of $593.2 billion in the week to June 23, data...

Updated 01 Jul, 2023 08:57am

Pakistan

PM Shehbaz to participate in SCO virtual summit hosted by India on July 4

Invitation to Shebaz to attend Shanghai Cooperation Organisation Council of Heads of State (CHS) was extended by Indian PM in his capacity as Chair of the SCO

Updated 01 Jul, 2023 08:57am

Business & Economy

As it happened: Pakistan’s last-gasp IMF bailout

KARACHI: Pakistan finally reached a staff-level agreement with the International Monetary Fund (IMF) to release $3...

Updated 01 Jul, 2023 08:56am

Business & Economy

PM Shehbaz hails IMF’s $3bn stand-by arrangement with Pakistan

Thanks IMF Managing Director and team for 'cooperation and collaboration'

Updated 01 Jul, 2023 08:55am

Pakistan

Pakistan to now turn towards growth, says Dar after IMF deal

Finance minister says government will take country’s foreign reserves to $14 billion-$15 billion by end of tenure

Updated 01 Jul, 2023 08:55am

Business & Economy

Pakistan, IMF reach staff-level agreement on new $3bn stand-by arrangement

Agreement subject to approval by the IMF Executive Board, with its consideration expected by mid-July

Updated 30 Jun, 2023 11:11pm

Stocks

Wall St rallies as Apple hits record high, inflation cools

U.S. stocks rallied on Friday, setting up Wall Street for a strong second quarter, as Apple shares hit a record high...

Published 30 Jun, 2023 08:56pm

Energy

Global LNG: Asia spot LNG prices flat as demand remains tepid

KUALA LUMPUR: Asian spot liquefied natural gas (LNG) prices remained flat this week as demand remains muted and...

Published 30 Jun, 2023 05:44pm

Energy

Oil heads for fourth straight quarterly decline

LONDON: Oil prices declined towards $74 a barrel on Friday and were on course for a fourth consecutive quarter of...

Updated 30 Jun, 2023 05:28pm

Europe

Iran to join Shanghai alliance with China, Russia next week: Lavrov

MOSCOW: Iran will be formally approved as a member of the regional Shanghai Cooperation Organisation with China,...

Published 30 Jun, 2023 05:24pm

Stocks

IT, auto stocks help Indian shares hit new highs

BENGALURU: Information technology (IT) and auto stocks helped India’s benchmark indexes hit fresh record highs on...

Published 30 Jun, 2023 05:16pm

Commodities

Gloomy China sentiment puts copper on track for first drop in three quarters

LONDON: Copper prices in London were on track on Friday for a 8.4% decline in the second quarter after two quarters...

Published 30 Jun, 2023 05:11pm

Technology

UK regulator may refer Adobe’s $20bn Figma deal to deeper probe

Britain’s competition regulator on Friday said Photoshop owner Adobe Inc’s $20 billion buyout of cloud-based...

Published 30 Jun, 2023 05:09pm

South Asia

India’s April-May fiscal deficit touches 11.8% of annual target

NEW DELHI: India’s fiscal deficit for the first two months in the financial year that started April 1 touched...

Published 30 Jun, 2023 05:06pm

Europe

Ukraine to receive $1.5bn from World Bank to support reconstruction

KYIV: Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister...

Published 30 Jun, 2023 05:01pm

Europe

EU announces deal with Pfizer, others to reserve vaccines for future pandemic

LONDON: The European Commission has contracted Pfizer and several European companies to reserve capacity to make up...

Published 30 Jun, 2023 04:56pm

Commodities

Asia gold: Chinese premiums spike, India demand wanes

Physical gold dealers in China this week charged the heftiest premiums in over three months as a retreat in domestic...

Published 30 Jun, 2023 04:50pm

Pakistan

FM Bilawal to embark on four-day visit to Japan tomorrow

Minister for Foreign Affairs Bilawal Bhutto Zardari is scheduled to make a four-day visit to Japan from July 1-4, at...

Published 30 Jun, 2023 04:16pm

Sports

Lyon’s Ashes future in doubt as he arrives at Lord’s on crutches

LONDON: Nathan Lyon’s prospects of playing any further part in the Ashes looked to be fading fast as he arrived at...

Published 30 Jun, 2023 03:39pm

South Asia

Six injured in Indian pharma factory fire

HYDERABAD: At least six people have been injured in a fire at a unit of a privately held pharmaceutical company in...

Published 30 Jun, 2023 02:42pm

South Asia

Sri Lanka could exit bankruptcy by September, says president

COLOMBO: Sri Lanka could exit bankruptcy by September, President Ranil Wickremesinghe said on Friday, signalling a...

Updated 30 Jun, 2023 02:37pm

Perspectives

In the age of AI, be careful if your employee is losing one of these skills

In a world where HR is hustling to “upskill” employees to keep up with the Artificial Intelligence (AI) hype and...

Published 30 Jun, 2023 02:35pm

South Asia

Indian hospitals set investors’ pulses racing in post-COVID boom

PUNE: In Pune city, Indira IVF is teeming with patients ready to spend $1,300 on fertility treatments that few...

Published 30 Jun, 2023 02:35pm

Europe

UK environment minister quits with stinging criticism of PM Sunak

LONDON: British international environment minister Zac Goldsmith on Friday resigned from government, criticising...

Published 30 Jun, 2023 02:28pm

Stocks

London stocks gain on mining, energy boost

British equities gained on Friday as mining stocks rose after weak data from China raised bets of more stimulus from...

Published 30 Jun, 2023 02:18pm

Sports

Swiatek leads ‘Big Three’ into wide open Wimbledon

LONDON: If any more proof was needed of the depth in women’s tennis 50 years after the formation of the WTA then the...

Published 30 Jun, 2023 02:15pm

Stocks

European shares climb on China stimulus hopes; inflation data in focus

European shares rose on Friday as lacklustre data on China’s factory activity spurred hopes of more policy stimulus,...

Published 30 Jun, 2023 02:11pm

Europe

Russia’s Lavrov calls for UN Security Council membership to be expanded

MOSCOW: Russian Foreign Minister Sergei Lavrov called on Friday for a widening of the UN Security Council to give...

Published 30 Jun, 2023 01:32pm

USA

Extreme heat kills more than 100 in Mexico: government

MEXICO CITY: More than 100 people have died due to extreme heat in Mexico in June, the government said, following a...

Published 30 Jun, 2023 01:28pm

Sports

Messi and Busquets not moving to Miami for a holiday says Martino

MIAMI: Newly appointed Inter Miami coach Gerardo Martino says there is no question of Lionel Messi and Sergio...

Published 30 Jun, 2023 01:23pm

USA

UN General Assembly creates body to probe fate of Syria’s missing

UNITED NATIONS: The UN General Assembly on Thursday created an independent body to “clarify” the fate of thousands...

Published 30 Jun, 2023 12:42pm

Business & Economy

A new stand-by arrangement with the IMF: here are some key points

After a massive delay, govt succeeds in convincing IMF to allot it more money than expected

Published 30 Jun, 2023 12:39pm

Business & Finance

Higher costs dent Nike profits

NEW YORK: Nike reported a drop in quarterly profits Thursday despite higher sales due to the drag from increased...

Published 30 Jun, 2023 12:35pm

Sports

Qualifier Kuest shares US PGA Tour lead in Detroit

LOS ANGELES: Monday qualifier Peter Kuest nabbed nine birdies in an eight-under par 64 on Thursday to share the...

Published 30 Jun, 2023 12:32pm

Sports

Dressel denied again at US swimming’s world championship trials

LOS ANGELES: Seven-time Olympic swimming gold medallist Caeleb Dressel was denied again in his bid to return to the...

Published 30 Jun, 2023 12:25pm

Life & Style

US rapper Travis Scott won’t face criminal charges over concert crush

HOUSTON: US rapper Travis Scott will not face criminal charges over the death of 10 people killed in a crush during...

Published 30 Jun, 2023 12:21pm

Sports

Mexico into Gold Cup knockout stage after win over Haiti

MIAMI: Mexico secured their spot in the CONCACAF Gold Cup knockout stage with a game to spare, after beating Haiti...

Published 30 Jun, 2023 12:16pm

Europe

‘The darkness’: Mutiny shocks Russian heartland

VORONEZH: Bomb craters, shelled homes, shocked residents – the rebellion of a private army has left scars far from...

Published 30 Jun, 2023 12:05pm

Europe

59 flights cancelled at Geneva airport over strike

GENEVA: Some 59 flights were cancelled at Geneva’s international airport on Friday, it said, after operations were...

Published 30 Jun, 2023 11:57am

Europe

France arrests 667 people in night of ‘rare violence’: interior minister

PARIS: French security forces overnight Thursday to Friday arrested 667 people in a third consecutive night of...

Published 30 Jun, 2023 11:53am

Financial

Philippine central bank sees June annual inflation in 5.3% to 6.1% range

MANILA: Philippine annual inflation in June was expected to come in between 5.3% to 6.1%, with downward pressure...

Published 30 Jun, 2023 11:44am

Asia

China’s Xi to attend, deliver speech at SCO summit via video link

BEIJING: China’s President Xi Jinping will attend and deliver a speech at a summit of the Shanghai Cooperation...

Published 30 Jun, 2023 11:39am

Stocks

Asia shares edge lower on rate hike worries, yen frail

SINGAPORE: Asian stocks eased on Friday after a set of strong US economic data bolstered the view that the Federal...

Published 30 Jun, 2023 11:29am

Forex

Indian rupee to struggle on more Fed rate hike bets; US yields surge

MUMBAI: The Indian rupee is expected to struggle on Friday following a jump in US yields and the dollar index on...

Published 30 Jun, 2023 11:25am

Asia

IAEA chief to visit Fukushima nuclear power plant next week, Japan says

TOKYO: Japan’s foreign minister Yoshimasa Hayashi said on Friday the International Atomic Energy Agency’s (IAEA)...

Published 30 Jun, 2023 11:23am

Bullion Rate

Gold holds near mid-March lows on higher Fed rate path ahead

Gold held near four-month lows as traders awaited key US inflation numbers later in the day after a slew of strong...

Published 30 Jun, 2023 11:19am

Commodities

Palm rises on higher Indonesian export levy, weak ringgit

KUALA LUMPUR: Malaysian palm oil futures rose on Friday, heading for their first monthly jump in four, underpinned...

Published 30 Jun, 2023 11:16am

Companies

Toyota chairman’s compensation rises 46% to $7 million

TOKYO: Toyota Motor chairman Akio Toyoda received a total compensation package of 999 million yen ($6.90 million) in...

Published 30 Jun, 2023 11:11am

Commodities

Copper rises, but set for biggest quarterly drop since Sept 2022 June

Copper prices rose on Friday on Chinese stimulus hopes, but were set for the biggest quarterly fall since September...

Published 30 Jun, 2023 11:09am

Business & Finance

China’s factory, service sectors stumble as economic malaise broadens

BEIJING: China’s factory activity declined for a third straight month in June and weakness in other sectors...

Published 30 Jun, 2023 11:04am

Financial

Japan finance minister warns against excessive yen weakening

TOKYO: Japan will take appropriate steps should the yen weaken excessively, Finance Minister Shunichi Suzuki said on...

Published 30 Jun, 2023 10:54am

Mutual Funds

Benchmark yield breaks key level ahead of debt supply

MUMBAI: Indian government bond yields rose on Friday ahead of fresh debt supply, with the benchmark yield going...

Published 30 Jun, 2023 10:43am

Forex

Australia, NZ dollars struggle to lift, eyeing US PCE data

SYDNEY: The Australian and New Zealand dollars struggled to rise from three-week lows on Friday after strong US data...

Published 30 Jun, 2023 10:31am

Technology

Foxconn to invest $246mn in 2 projects in northern Vietnam

HANOI: The world’s largest contract electronics maker and assembler, Foxconn, has received approval from Vietnam to...

Published 30 Jun, 2023 10:27am

Asia

South Korea rains force evacuation of hundreds; baby dies in landslide

SEOUL: Torrential rain in South Korea triggered a landslide that killed a one-year-old baby and forced hundreds of...

Published 30 Jun, 2023 10:18am

Business & Economy

Dar says Pakistan expects IMF deal in next 24 hours

Country is racing against time to unlock funds ahead of the scheduled end of the programme today

Updated 30 Jun, 2023 10:15am

Stocks

China, HK stocks rise as weak factory data raises stimulus hopes

SHANGHAI: China and Hong Kong stocks rose on Friday towards the end of a bearish quarter, as June factory activity...

Published 30 Jun, 2023 10:14am

Stocks

Japan’s Nikkei falls as investor pause ahead of earnings; set for weekly gain

TOKYO: Japan’s Nikkei share average fell on Friday, dragged down by heavyweight technology shares as investors...

Published 30 Jun, 2023 10:12am

Stocks

Indian shares may open higher as strong US data eases growth fears

BENGALURU: Indian shares are set to open higher on Friday on improved sentiment following robust economic data from...

Published 30 Jun, 2023 10:07am

Stocks

Consumer and property stocks drag Australian shares lower

Australian shares fell on Friday, dragged down by real estate and consumer stocks, after stronger-than-expected May...

Published 30 Jun, 2023 10:03am

Forex

Yen weakens past key 145 per dollar level; yuan falls after China PMI data

SINGAPORE: The yen weakened past 145 per dollar on Friday, a level which kept speculators wary of potential...

Published 30 Jun, 2023 10:00am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 13	277.85
USD PKR Interbank Buying / Aug 13	277.65
USD to Japanese Yen / Aug 14	159.32
USD to Swiss Franc / Aug 14	0.81
Pound Sterling to USD / Aug 14	1.35
Euro to USD / Aug 14	1.16
SOFR % / Aug 15	3.64

Stock	Volume
S&P 500 / Aug 14	7,785.76
India Sensex / Aug 14	78,009.25
Nasdaq / Aug 14	26,729.16
FTSE 100 / Aug 14	10,750.11
Dow Jones / Aug 14	53,732.41
Germany DAX 30 / Aug 14	26,440.31
France CAC40 / Aug 14	8,636.80
Tokyo Nikkei / Aug 17	68,753.86
Hang Seng / Aug 17	25,508.63

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 13	18,580
Gold 10 Grams PKR / Aug 13	394,749
Crude Oil USD/Barrel / Aug 14	82.40
Gold Spot USD/Ounce / Aug 14	4,376.40
Cotton US¢/pound / Aug 14	84.80
Petrol/Litre / Aug 17	325.43
Diesel/Litre / Aug 17	383.95

Gainers
Losers
Leaders

Stock	Price
Gammon Pak / Aug 13 Gammon Pakistan Limited(GAMON)	28.25 ▲ 2.57 (10.01%)
Ideal Dynamics / Aug 13 Ideal Dynamics Limited(IDEAL)	49.13 ▲ 4.47 (10.01%)
Leather Up Ltd. / Aug 13 Leather Up Limited(LEUL)	49.58 ▲ 4.51 (10.01%)
Al-Khair Gadoon / Aug 13 Al-Khair Gadoon Limited(AKGL)	79.51 ▲ 7.23 (10%)
Arctic Textile / Aug 13 Arctic Textile Mills Limited(ARCTM)	47.19 ▲ 4.29 (10%)
Aisha Steel (CPS) / Aug 13 Aisha Steel Mills Limited (CPS)(ASLCPS)	114.83 ▲ 10.44 (10%)
Asim Textile / Aug 13 Asim Textile Mills Limited(ASTM)	90.50 ▲ 8.23 (10%)
Buxly Paints / Aug 13 Buxly Paints Limited(BUXL)	336.04 ▲ 30.55 (10%)
J.A.Textile / Aug 13 J.A. Textile Mills Limited(JATM)	68.84 ▲ 6.26 (10%)
MACPAC Films / Aug 13 MACPAC Films Limited(MACFL)	73.07 ▲ 6.64 (10%)

Stock	Price
Supernet Tech. / Aug 13 Supernet Technologies Limited(STL)	29.87 ▼ -11.86 (-28.42%)
D.S. Ind. Ltd. / Aug 13 D.S. Industries Limited(DSIL)	13.56 ▼ -1.51 (-10.02%)
Universal Ins. / Aug 13 The Universal Insurance Company Limited(UVIC)	20.71 ▼ -2.3 (-10%)
Mughal Energy / Aug 13 Mughal Energy Limited(GEM)(GEMMEL)	27.20 ▼ -2.72 (-9.09%)
Beco Steel Ltd / Aug 13 Beco Steel Limited(BECO)	5.11 ▼ -0.46 (-8.26%)
Tri-Star Mutual / Aug 13 Tri-Star Mutual Fund Limited(TSMF)	17.14 ▼ -1.43 (-7.7%)
Asia Ins. / Aug 13 Asia Insurance Company Limited(ASIC)	39.82 ▼ -3.18 (-7.4%)
ARM Green Industries / Aug 13 ARM Green Industries Limited(ARMG)	55.60 ▼ -4.43 (-7.38%)
Shadman Cotton / Aug 13 Shadman Cotton Mills Limited(SHCM)	64.02 ▼ -4.9 (-7.11%)
Pak Tobacco / Aug 13 Pakistan Tobacco Company Limited(PAKT)	1,364.29 ▼ -96.5 (-6.61%)

Stock	Volume
Cnergyico PK / Aug 13 Cnergyico PK Limited(CNERGY)	247,072,281 ▲ 0.57
Beco Steel Ltd / Aug 13 Beco Steel Limited(BECO)	103,802,064 ▼ -0.46
Pak Refinery / Aug 13 Pakistan Refinery Limited(PRL)	40,235,369 ▲ 5.93
D.S. Ind. Ltd. / Aug 13 D.S. Industries Limited(DSIL)	39,092,471 ▼ -1.51
WorldCall Telecom / Aug 13 Worldcall Telecom Limited(WTL)	26,025,744 ▲ 0.01
Thatta Cement / Aug 13 Thatta Cement Company Limited(THCCL)	19,608,245 ▲ 3.36
B.O.Punjab / Aug 13 The Bank of Punjab(BOP)	16,204,913 ▲ 0.18
Hascol Petrol / Aug 13 Hascol Petroleum Limited(HASCOL)	15,337,298 ▼ -0.48
TPL Properties / Aug 13 TPL Properties Limited(TPLP)	15,140,554 ▼ -0.31
TPL Corp Ltd / Aug 13 TPL Corp Limited(TPL)	14,138,754 ▲ 0.53

Most Popular