News Archives for Latest - 2023-08-25

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Archive - 2023-08-25

Pakistan

PML-N urges elections after delimitation, PPP wary of delay

As the Election Commission of Pakistan (ECP) consults the political parties for a consensus on general elections,...

Published 25 Aug, 2023 11:29pm

Pakistan

Judge who sentenced Imran in Toshakhana case made OSD

The IHC Registrar's Office instructs Judge Dilawar to report to Islamabad High Court

Updated 25 Aug, 2023 11:29pm

Europe

Brazil's Lula to reshuffle cabinet after Africa trip: minister

RIO DE JANEIRO: Brazil's Institutional Relations Minister Alexandre Padilha said on Friday that President Luiz ...

Published 25 Aug, 2023 11:13pm

Europe

Ukrainian, Turkish foreign minister says Black Sea deal must be renewed

KYIV: The Turkish and Ukrainian foreign ministers said on Friday that other solutions to the export of Ukrainian...

Published 25 Aug, 2023 11:01pm

World

Bodies, flight recorders found after Wagner crash: investigators

MOSCOW: Russian investigators said Friday they had recovered flight recorders and ten bodies from the scene of a...

Published 25 Aug, 2023 10:40pm

Stocks

KSE-100 drifts lower after volatile session, ends week 1.14% down

Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed lower on Friday after witnessing a range-bound...

Published 25 Aug, 2023 09:55pm

Stocks

TSX rises as energy stocks gain amid Fed Chair Powell’s speech

Toronto’s main stock index rose on Friday as energy stocks crept higher, while U.S. Federal Reserve Chair Jerome...

Published 25 Aug, 2023 09:32pm

Stocks

UK midcaps slip as Watches of Switzerland drags, end week higher

UK midcaps closed lower on Friday after Watches of Switzerland shares tumbled as Rolex bought retailer Bucherer,...

Published 25 Aug, 2023 09:30pm

Stocks

European shares lose steam as Powell speech feeds rate concerns

European shares lost their initial momentum on Friday, led by declines in technology and financials, with sentiment...

Published 25 Aug, 2023 09:28pm

Stocks

Wall St inches higher in choppy trade as traders analyze Powell’s speech

Wall Street’s main indexes edged higher in volatile trading on Friday as investors assessed Federal Reserve Chair...

Published 25 Aug, 2023 09:26pm

USA

US Fed ‘prepared to raise rates further’ on too-high inflation

WASHINGTON: The US Federal Reserve is prepared to raise interest rates higher – and hold them there – to...

Updated 25 Aug, 2023 08:30pm

Pakistan

Nawaz Sharif to return to Pakistan in October: Shehbaz Sharif

Party president says Nawaz will lead PML-N's election campaign after returning home

Published 25 Aug, 2023 08:10pm

Pakistan

Caretaker Sindh govt bans layout plans, sub divisions, amalgamation of plots/buildings

The caretaker administration of Sindh has imposed a complete and immediate ban on approval of layout plans, sub...

Published 25 Aug, 2023 08:23pm

Pakistan

One year on from floods, millions of Pakistani children still need urgent support, warns UNICEF

Agency says its appeal of $173.5mn to provide life-saving support remains only 57% funded

Updated 25 Aug, 2023 07:50pm

Sports

Arshad Nadeem through to World Athletics Championship final, also qualifies for Paris Olympics

Season-best 86.79m in third attempt enables his qualification for 2024 Olympics

Updated 25 Aug, 2023 07:13pm

Pakistan

Cipher case: Special court extends Shah Mahmood Qureshi’s remand by 3 days

Bail has been extended for another three days

Updated 25 Aug, 2023 07:12pm

Europe

Turkiye’s foreign minister meets Zelensky in Kyiv

KYIV: Turkiye’s foreign minister on Friday met with Ukrainian leader Volodymyr Zelensky for talks aimed at reviving...

Published 25 Aug, 2023 07:11pm

Pakistan

Multiple injured in Karachi’s sewerage line explosion

Explosion occurs in wake of gas accumulation in Lasbela area

Updated 25 Aug, 2023 07:11pm

Stocks

Sri Lanka shares end lower as industrials, financials weigh

CSE All Share index settled down 0.5% at 11,207.11

Published 25 Aug, 2023 07:02pm

Stocks

UAE shares end lower ahead of Powell’s speech

Stock markets in the United Arab Emirates closed lower on Friday ahead of remarks from the U.S. Federal Reserve...

Published 25 Aug, 2023 06:59pm

Energy

Oil gains 1% as investors await Fed’s Powell speech

LONDON: Oil prices jumped more than 1% on Friday as the dollar firmed ahead of an eagerly awaited speech by the head...

Updated 25 Aug, 2023 06:52pm

Pakistan

Pakistan has not made formal request to join BRICS: FO

Foreign Office Spokesperson Mumtaz Zahra Baloch says Pakistan will examine developments and make determination about future engagement with the group

Updated 25 Aug, 2023 06:39pm

Forex

New low: rupee settles at 301 against US dollar

Currency depreciates 0.26% in inter-bank market on Friday

Updated 25 Aug, 2023 06:21pm

Commodities

Gold prices increase Rs2,900 per tola in Pakistan

Price of 24-carat bar settles at Rs235,500 per tola in local market

Published 25 Aug, 2023 05:55pm

Middle East

Qatar does not see its relationship with China damaging the US: PM

DUBAI: Qatar is balancing its relationships with both the United States and China and one link does not damage the...

Published 25 Aug, 2023 05:43pm

Companies

The Bank of Punjab’s balance sheet surpasses Rs2-tr mark in 1st half of 2023

LAHORE: The Board of Directors of The Bank of Punjab convened on August 24, 2023, to review and approve the...

Published 25 Aug, 2023 05:37pm

Europe

Russia, US agree additional US astronaut flight to ISS

Russian and U.S. space authorities have agreed an additional flight for an American astronaut on board Russia’s...

Published 25 Aug, 2023 05:36pm

Money & Banking

India’s forex reserves post steepest weekly decline in over 6 months, now at $594.89bn

MUMBAI: India’s foreign exchange reserves declined to a near two-month low of $594.89 billion as of Aug. 18 and...

Published 25 Aug, 2023 05:31pm

Bullion Rate

Asia Gold: China premiums rise further as economic risks persist

Premiums on physical gold jumped this week, driven by supply constraints and strong demand for bullion as a...

Published 25 Aug, 2023 05:27pm

Sports

Why Saudi’s billion-dollar football binge is race against time

RIYADH: As star footballers line up to take Saudi money, it is easy to forget this is a phenomenon that stretches...

Updated 25 Aug, 2023 05:01pm

Europe

‘Absolute lie’: Kremlin rejects Prigozhin killed on its orders

MOSCOW: The Kremlin rejected Friday rumours it had ordered the death of Wagner chief Yevgeny Prigozhin, presumed to...

Published 25 Aug, 2023 04:58pm

Luxury

Luxury Swiss watchmaker Rolex to buy Bucherer in retail push

Rolex, the world’s largest luxury watchmaker, is buying watch retailer, Bucherer, in a bid to increase its consumer...

Published 25 Aug, 2023 04:58pm

Europe

Danish government prepares bill to stop Holy Quran burnings

COPENHAGEN: The Danish government said on Friday it was proposing legislation that would make it illegal to burn...

Published 25 Aug, 2023 04:51pm

Sports

Salah not for sale, says Liverpool boss Klopp

Mohamed Salah is not for sale and Liverpool have not received any offer from Saudi Arabian club Al-Ittihad, manager...

Published 25 Aug, 2023 04:50pm

Energy

Brent prices to be well supported near $80/bbl, says Morgan Stanley

Morgan Stanley expects Brent crude prices to be well supported around $80 per barrel as the oil market is likely to...

Published 25 Aug, 2023 04:24pm

Stocks

Indian shares extend losses for fifth straight week; Powell’s speech eyed

BENGALURU: Indian shares closed lower on Friday and extended losses for a fifth straight week, dragged by broad...

Published 25 Aug, 2023 04:21pm

Commodities

Copper on track for strongest week in a month

LONDON: Copper prices in London were on track to end a run of three weekly declines on Friday, boosted by a...

Published 25 Aug, 2023 04:18pm

Commodities

Palm posts second week of gains on stronger rival oils

JAKARTA: Malaysian palm oil futures posted a second straight weekly gain on Friday, underpinned by stronger rival...

Published 25 Aug, 2023 04:15pm

Pakistan

Imran’s Toshakhana conviction: IHC adjourns hearing till Aug 28

The Islamabad High Court (IHC) adjourned on Friday the hearing of a case pertaining to former prime minister’s Imran...

Updated 25 Aug, 2023 04:14pm

Industries & Sectors

MARI granted license to explore minerals in Chagai, Balochistan

Grant 'in line with its strategy to diversify into near core areas and its commitment to contributing to the growth of the mineral mining sector'

Updated 25 Aug, 2023 04:13pm

South Asia

Inflation hurting Modi, but still likely to win India’s 2024 polls: survey

NEW DELHI: Indian voters are growing unhappy with Prime Minister Narendra Modi’s government due to high inflation...

Published 25 Aug, 2023 04:11pm

Markets

Pak Suzuki bleeds Rs9.68bn as losses in 6MCY23 as finance costs soar

Company remained non-operational through much of the period, as it faced inventory shortages

Updated 25 Aug, 2023 03:54pm

USA

Trump’s Georgia jailhouse mug shot makes history

Donald Trump has had his picture taken innumerable times over the decades, from his early days as a real estate...

Published 25 Aug, 2023 03:50pm

Europe

Russia says Biden remarks on Prigozhin plane crash unacceptable

MOSCOW: Russian Deputy Foreign Minister Sergei Ryabkov said on Friday that US President Joe Biden’s comments on the...

Published 25 Aug, 2023 03:43pm

Forex

Sterling hits 10-week low as rate hike expectations take a hit

LONDON: The British pound dropped to a 10-week low on Friday as investors rein in expectations of where they think...

Published 25 Aug, 2023 03:35pm

Europe

Putin, Erdogan expected to meet soon

MOSCOW: Kremlin spokesman Dmitry Peskov said on Friday that there was “an understanding” that the presidents of...

Published 25 Aug, 2023 03:32pm

Stocks

Australian shares drop ahead of US Fed chair Powell speech

Australian shares slumped on Friday in line with global markets, hit by losses in heavyweight banking and mining...

Published 25 Aug, 2023 02:24pm

Stocks

European shares on track to snap three weeks of decline on miners, energy boost

European shares reversed early losses on Friday as miners and energy stocks rose on firm commodity prices, with...

Published 25 Aug, 2023 02:22pm

Stocks

FTSE 100 edges higher; midcaps hit as CMC Markets, Watches of Switzerland plunge

UK’s FTSE 100 index advanced on Friday, on track for its first weekly rise in four as investors awaited cues on the...

Published 25 Aug, 2023 02:19pm

Europe

Pro-Kyiv Russians urge Wagner Group to revenge Prigozhin’s death

A group of Russian militants who fight on the Ukrainian side called on the Wagner Group of mercenaries to switch...

Published 25 Aug, 2023 02:16pm

Sports

Swiatek recharges for US Open defence with Sabalenka hot on her heels

Iga Swiatek has carried the torch as world number one with unmatched consistency on the women’s tour for more than a...

Published 25 Aug, 2023 02:06pm

Europe

UN reopens European office after security issue

GENEVA: The United Nations has reopened its European headquarters in Geneva, Switzerland after earlier on Friday...

Published 25 Aug, 2023 02:01pm

Europe

Plastic levels in Swiss-French lake as high as world’s oceans

FOUNEX: Lake Geneva, nestled at the foot of the Alps, has long been considered as a near-pristine body of water, but...

Published 25 Aug, 2023 01:58pm

Movies & Music

Warner Bros delays ‘Dune,’ ‘Lord of the Rings’ films due to strike

LOS ANGELES: The Warner Bros movie studio will delay the planned November release of a big-budget ‘Dune’ sequel...

Published 25 Aug, 2023 01:56pm

South Asia

With Tesla push, India mulls import tax cut if EV makers build locally

NEW DELHI: India is working on a new electric vehicle policy that would slash import taxes for automakers that...

Published 25 Aug, 2023 01:54pm

Stocks

Japan’s Nikkei falls 2% as Advantest, Tokyo Electron slump

TOKYO: Japan’s Nikkei stock average ended 2% lower on Friday, as chip-related heavyweights Advantest and Tokyo...

Updated 25 Aug, 2023 12:30pm

South Asia

India hopes G20 will evolve amicable solution on geopolitical issues

NEW DELHI: India hopes to convince members of the G20 grouping of nations to find amicable solutions to geopolitical...

Published 25 Aug, 2023 12:24pm

Sports

Alcaraz, Djokovic relish US Open collision course

NEW YORK: Novak Djokovic makes a long-awaited return to the US Open next week looking to reclaim the title and world...

Published 25 Aug, 2023 12:12pm

Sports

Gauff ready to continue Williams legacy at US Open

NEW YORK: One year after Serena Williams bade an emotional farewell to tennis in front of an adoring crowd at...

Published 25 Aug, 2023 12:10pm

World

Man rushed to hospital after shark attack in Australia

SYDNEY: A man in his 40s was rushed to hospital Friday after he was attacked by a shark off a beach north of Sydney,...

Published 25 Aug, 2023 12:07pm

Stocks

Hong Kong stocks drop at open on fresh US jobs data

HONG KONG: Hong Kong stocks dived at the open Friday as data indicating a still-strong US jobs market dented hopes...

Published 25 Aug, 2023 12:05pm

Sports

Japan’s Saso grabs first round lead at CPKC Women’s Open

VANCOUVER: Japan’s Yuka Saso produced a blistering run of birdies to grab the first-round lead at the CPKC Women’s...

Published 25 Aug, 2023 12:04pm

Asia

Japan to release test results after Fukushima release

TOKYO: Japan was due Friday to publish preliminary sample results, a day after it began releasing wastewater from...

Published 25 Aug, 2023 12:02pm

Sports

World wrestling body suspends India after harassment scandal

NEW DELHI: The Wrestling Federation of India has been suspended by the sports’ world body for not holding elections...

Published 25 Aug, 2023 11:51am

Technology

NASA and SpaceX postpone launch of ISS crew rotation mission

KENNEDY SPACE CENTER: NASA and SpaceX said Thursday they have postponed the launch of a crew of four to the...

Published 25 Aug, 2023 11:48am

Technology

China’s Huawei renews patent licensing deal with Ericsson

BEIJING: Chinese telecoms giant Huawei said Friday it had renewed a licensing agreement with Ericsson to use each...

Published 25 Aug, 2023 11:45am

Europe

Ukrainian pilots to receive F-16 training in US

WASHINGTON: The United States will begin flight training for Ukrainian pilots on F-16 fighter jets in October, the...

Published 25 Aug, 2023 11:41am

Forex

Australia, NZ dollars give back gains, selling pressures remain

SYDNEY: The Australian and New Zealand dollars failed to sustain a rally on Friday as caution prevailed ahead of the...

Published 25 Aug, 2023 11:34am

Forex

Indian rupee winning run to pause on dollar rally ahead of Powell’s speech

MUMBAI: The Indian rupee is expected to decline on Friday, halting a three-day winning streak, after the dollar...

Published 25 Aug, 2023 11:31am

Stocks

Stocks sink, dollar climbs as risk of hawkish Powell looms

TOKYO: Asian stocks sold off and the dollar scaled an 11-week peak against major peers on Friday, as investors...

Published 25 Aug, 2023 11:29am

Asia

China’s biggest salt maker urges public not to panic buy after Fukushima discharge

BEIJING: China’s biggest salt producer urged people against panic buying after Japan began discharging treated...

Published 25 Aug, 2023 10:31am

Commodities

Palm extends gains on stronger rival oils

JAKARTA: Malaysian palm oil futures rose on Friday and were set for their second straight weekly gains, tracking...

Published 25 Aug, 2023 10:27am

Europe

Russia says destroys 42 Ukraine-launched drones over Crimea

Russia’s air defence forces destroyed 42 Ukraine-launched drones over the Crimean Peninsula and one missile over the...

Published 25 Aug, 2023 10:25am

Business & Finance

S&P downgrades Hawaiian Electric to ‘B-’ as wildfires raise market-access worries

The S&P Global Ratings on Thursday downgraded Hawaiian Electric Industries and all of its rated subsidiaries to...

Published 25 Aug, 2023 10:19am

South Asia

India’s Reliance Industries to sell additional stake in retail arm

BENGALURU: India’s Reliance Industries is likely to sell an additional 8-10% stake in its retail arm Reliance Retail...

Updated 25 Aug, 2023 10:17am

Commodities

Wheat rises as hot and dry weather raises supply risk, soybeans firm

SINGAPORE: Chicago wheat prices rose on Friday, as hot and dry weather in the United States and other key exporting...

Published 25 Aug, 2023 10:17am

Bullion Rate

Gold eases as US dollar jumps, spotlight on Powell’s speech

Gold prices edged lower on Friday as the US dollar reclaimed a 2-1/2 month peak, but the metal was headed for its...

Published 25 Aug, 2023 10:13am

Commodities

Copper falls as firm dollar weighs

Copper prices declined on Friday as a strong dollar made greenback-priced metals more expensive to holders of other...

Published 25 Aug, 2023 10:11am

Middle East

Saudi Arabia considers Chinese bid for nuclear plant

Saudi Arabia is considering a Chinese bid to build it a nuclear power plant, the Wall Street Journal reported on...

Published 25 Aug, 2023 10:09am

Business & Finance

Malaysia’s inflation rate drops to 2-year low in July

KUALA LUMPUR: Malaysia’s consumer price index (CPI) rose 2% from a year earlier in July, the lowest inflation print...

Published 25 Aug, 2023 10:04am

Forex

China’s yuan inches lower, traders cautious ahead of US Fed chair’s speech

HONG KONG: China’s yuan inched lower on Friday amid broad dollar strength ahead of a widely-awaited speech by the...

Published 25 Aug, 2023 10:02am

Mutual Funds

Indian bond yields marginally higher as traders eye debt auction

MUMBAI: Indian government bond yields edged up in early trading on Friday, as traders braced for fresh debt supply...

Published 25 Aug, 2023 09:57am

Stocks

Indian shares open lower on RBI’s inflation outlook

BENGALURU: Indian shares opened lower on Friday amid caution after the Reserve Bank of India’s (RBI) policy meeting...

Published 25 Aug, 2023 09:49am

Forex

Dollar loiters at two-month peak ahead of Powell speech

SINGAPORE: The US dollar sat at an over two-month peak on Friday, on course for its sixth straight week of gains as...

Published 25 Aug, 2023 09:48am

Surplus power generation: Consumers to pay over Rs124bn capacity charges

LESCO wants to recover the highest amount of Rs28.906bn followed by Multan Electric Supply Company

Updated 25 Aug, 2023 09:47am

UoSC payment to NTDC: Tax dept issuing notices to Discos for not deducting WHT

LAHORE: The Income Tax department is issuing notices to the power distribution companies (Discos) for not deducting...

Updated 25 Aug, 2023 09:43am

PBC advocates an apolitical role of courts

ISLAMABAD: The representatives of the Pakistan Bar Council (PBC) stressed the need for an apolitical role of the...

Updated 25 Aug, 2023 09:42am

US envoy meets CEC ahead of elections

ISLAMABAD: Amid uncertainty shrouding the holding of timely general polls in the country, US Ambassador to Pakistan...

Updated 25 Aug, 2023 09:42am

CCoE reconstituted

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq has reconstituted the Cabinet Committee on Energy (CCoE), on...

Updated 25 Aug, 2023 09:41am

Export boost: Gohar for early operationalisation of EXIM Bank

ISLAMABAD: Caretaker Federal Minister for Commerce and Industries, Dr Gohar Ejaz Thursday stressed the need for...

Updated 25 Aug, 2023 09:15am

LHC seeks replies over likely delay in elections

LAHORE: The Lahore High Court on Thursday sought replies from the principal secretary to the president, the federal...

Updated 25 Aug, 2023 09:13am

President endorses FTO’s order against FBR

ISLAMABAD: President Arif Alvi has endorsed the order of the Federal Tax Ombudsman (FTO) against the Federal Board ...

Updated 25 Aug, 2023 09:13am

‘Vision of $80bn exports’ shared with EU envoy

ISLAMABAD: Dr Riina Kionka, Ambassador of the European Union to Pakistan, called on Dr Gohar Ejaz, Federal Minister...

Updated 25 Aug, 2023 08:44am

Ginning factories: Govt decides to implement ‘track and trace’ system

ISLAMABAD: The government has decided to implement a track and trace system at ginning factories to fully document...

Updated 25 Aug, 2023 08:44am

Pakistan

Dynamic foreign policy: PM shares his vision

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar, on Thursday, shared his vision for a dynamic foreign policy...

Updated 25 Aug, 2023 08:43am

BR’s refresher: your morning briefing for the day

Important updates from August 24, 2023

Published 25 Aug, 2023 08:42am

BR Research

Power generation rebounds – only just

Having gone down for 13 straight months – the national grid electricity generation finally had something to sow for....

Published 25 Aug, 2023 08:33am

BR Research

Cement: Coal shoulder

A significant mark down in coal being loaded at the Richards Bay Coal Terminal in South Africa would have importers...

Published 25 Aug, 2023 08:30am

BR Research

‘Innovation in Travel Tech’ - A conversation with Mohib Hassan, COO of Sastaticket.pk

Mohib Hassan is the COO at Sastaticket.pk, and in his current role, Mohib is responsible for establishing...

Published 25 Aug, 2023 08:27am

Opinion

Need for greater discretionary economic policy

The International Monetary Fund (IMF) has pushed for pro-cyclical, austerity-based policies in its Stand-By...

Updated 25 Aug, 2023 07:08am

Opinion

Anatomy of ‘Debt Management Strategy’

Pakistan’s persistent fiscal imbalance has cast a negative shadow on the overall economic scenario. Unless...

Updated 25 Aug, 2023 07:02am

Editorials

Needing safety

EDITORIAL: When seven students — all teenaged boys — and a teacher in the mountainous region of Battagram...

Updated 25 Aug, 2023 06:59am

Pakistan

Changing climate conditions: Hi-tech hybrid seeds play a vital role in overcoming challenges: PHHSA chief

LAHORE: Pakistan Hi-Tech Hybrid Seed Association (PHHSA) Chairman Shahzad Ali Malik on Thursday said use of hi-tech...

Published 25 Aug, 2023 06:34am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (August 24, 2023). ========================== KIBOR...

Published 25 Aug, 2023 06:44am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Thursday (August 24, 2023). ========================...

Published 25 Aug, 2023 06:44am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Thursday (August 24, 2023). ========================...

Published 25 Aug, 2023 06:44am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Thursday (August 24, 2023). ======================== Offer Price 1,378.2015 Bid...

Published 25 Aug, 2023 06:44am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Thursday (August 24, 2023). ======================== Offer Price...

Published 25 Aug, 2023 06:44am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Thursday (August 24, 2023). ======================== Offer Price...

Published 25 Aug, 2023 06:44am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Thursday (August 24, 2023). ======================== Offer ...

Published 25 Aug, 2023 06:44am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Thursday (August 24, 2023). ======================== Offer Price...

Published 25 Aug, 2023 06:44am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Thursday (August 24, 2023). ======================== Offer Price...

Published 25 Aug, 2023 06:44am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Thursday (August 24, 2023). ======================== OFFER PRICE...

Published 25 Aug, 2023 06:44am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Thursday (August 24, 2023). ======================== OFFER PRICE...

Published 25 Aug, 2023 06:44am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Thursday (August 24, 2023). ======================== OFFER PRICE...

Published 25 Aug, 2023 06:44am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Thursday (August 24, 2023). ======================== OFFER PRICE...

Published 25 Aug, 2023 06:44am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Thursday (August 24, 2023). ======================== OFFER PRICE...

Published 25 Aug, 2023 06:44am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Thursday (August 24, 2023). ======================== OFFER PRICE 1,626.9051...

Published 25 Aug, 2023 06:44am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Thursday (August 24, 2023). ======================== OFFER PRICE...

Published 25 Aug, 2023 06:44am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Thursday (August 24, 2023). ======================== OFFER PRICE...

Published 25 Aug, 2023 06:44am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Thursday (August 24, 2023). ======================== OFFER PRICE...

Published 25 Aug, 2023 06:44am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Thursday (August 24, 2023). ======================== OFFER PRICE...

Published 25 Aug, 2023 06:44am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 25 Aug, 2023 06:44am

Rates

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 25 Aug, 2023 06:44am

Rates

Dividend/Bonus Announcements

KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange....

Published 25 Aug, 2023 06:44am

Stocks

Electronic/credit of dividend warrants/bonus/right share certificates

KARACHI: Electronic/credit of dividend warrants/bonus/right share certificates....

Published 25 Aug, 2023 06:44am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on...

Published 25 Aug, 2023 06:44am

Forex

Open market rates of foreign currencies

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

Published 25 Aug, 2023 06:44am

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 25 Aug, 2023 06:44am

Rates

Board meetings in progress

KARACHI: Board Meetings in Progress of Companies listed on the Pakistan Stock Exchange....

Published 25 Aug, 2023 06:44am

Rates

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 25 Aug, 2023 06:44am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (August 24, 2023). ==================================== BR...

Published 25 Aug, 2023 06:44am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Thursday (August 24, 2023)....

Published 25 Aug, 2023 06:44am

Rates

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 25 Aug, 2023 06:44am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (August 24, 2023)....

Published 25 Aug, 2023 06:44am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (August 24, 2023)....

Published 25 Aug, 2023 06:42am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (August 24, 2023). ======================== Open Bid...

Published 25 Aug, 2023 06:41am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 24, 2023)....

Published 25 Aug, 2023 06:41am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (August 24, 2023). ======================================= Offset...

Published 25 Aug, 2023 06:40am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 24, 2023)...

Published 25 Aug, 2023 06:39am

Rates

LME official prices

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

Published 25 Aug, 2023 06:39am

Pakistan

The Weather

KARACHI: The weather report on Thursday (August 24, 2023) and the forecast for Friday (August 25, 2023)...

Updated 25 Aug, 2023 06:38am

Europe

Norway gives F-16 jets to Ukraine

OSLO: Norway will donate US-made F-16 combat aircraft to Ukraine, the Norwegian prime minister announced during a...

Published 25 Aug, 2023 06:34am

Asia

Japan releases water from Fukushima nuclear plant; China furious

NAMIE (Japan): Japan began releasing wastewater from the crippled Fukushima nuclear plant into the Pacific Ocean on...

Published 25 Aug, 2023 06:34am

Africa

Zimbabwe arrests election monitors as opposition lashes ‘flawed’ poll

HARARE: Police said Thursday they had arrested more than three dozen local monitors of Zimbabwe’s elections as the...

Published 25 Aug, 2023 06:34am

Europe

Ukraine claims Crimea landing in ‘special operation’

KYIV: Ukraine on Thursday said it flew its flag on the Russian-annexed Crimea, in a symbolic win during a “special...

Published 25 Aug, 2023 06:34am

South Asia

Ahead of workers’ convention: India blocks social media accounts of Gaon Savera news outlet

NEW DELHI: Authorities in India must immediately unblock the social media accounts of the independent news website...

Published 25 Aug, 2023 06:34am

Pakistan

SLIC holds orientation session for management trainees

KARACHI: State Life Insurance Corporation of Pakistan (SLIC) hosted State Bank of Pakistan’s (SBP) 25th batch of...

Published 25 Aug, 2023 06:34am

Sports

Shahid Ahmad lauds New York Warriors for promoting cricket in US

FORT LAUDERDALE (Florida): Shahid Ahmad Khan, Member President’s Advisory Committee on the Arts, the US...

Published 25 Aug, 2023 06:34am

Pakistan

Railways taking various steps to arrest slide, say senior officials

ISLAMABAD: Pakistan Railways (PR) has started working on various steps to overcome financial losses which at present...

Published 25 Aug, 2023 06:34am

Pakistan

Sahi joins IPP

LAHORE: Former Muslim League (Q) leader Sumaira Sahi on Thursday announced to join the Istehkam-e-Pakistan Party...

Published 25 Aug, 2023 06:34am

Sports

‘Pakistan Shaheens’ squad for Asian Games announced

LAHORE: The Pakistan Cricket Board (PCB), Thursday confirmed that all-rounder Qasim Akram will lead Pakistan ...

Published 25 Aug, 2023 06:34am

Pakistan

Suspension of trial court verdict: ECP urges IHC not to decide IK’s petition without hearing state

ISLAMABAD: The Election Commission of Pakistan (ECP) has asked the Islamabad High Court (IHC) not to decide Pakistan...

Published 25 Aug, 2023 06:34am

Pakistan

7 die in Thatta van-truck collision

THATTA: At least seven people died and 15 others sustained injuries in a van-truck collision on Mulla Katiar Bridge...

Published 25 Aug, 2023 06:34am

Pakistan

PTI demands ECP ensure a level playing field

ISLAMABAD: Former ruling party Pakistan Tehreek-e-Insaf (PTI) has demanded of the Election Commission of Pakistan...

Published 25 Aug, 2023 06:34am

Pakistan

Ali Wazir, Imaan Mazari: police’s plea seeking remand extension rejected

ISLAMABAD: The Anti-Terrorism Court (ATC) on Thursday rejected the prosecution’s request to extend the physical...

Published 25 Aug, 2023 06:34am

Pakistan

Prolonged power cuts: JI to hold protest rallies today

KARACHI: The JI is staging protest rallies to resent the long-hour power cuts on Friday, Hafiz Naeemur Rehman, the ...

Published 25 Aug, 2023 06:34am

Middle East

Saudi envoy calls on Jilani

ISLAMABAD: Ambassador of Saudi Arabia in Pakistan Nawaf bin Said Al-Malki called on interim Foreign Minister Jalil...

Published 25 Aug, 2023 06:34am

World

Dozens of Afghan women blocked from departing for studies in UAE

KABUL: Dozens of Afghan women granted scholarships to study in the United Arab Emirates have been blocked from...

Published 25 Aug, 2023 06:34am

Letters

President Alvi must quit

Ironically, the political impasse in the country that refused to die down even after the arrival of a caretaker ...

Published 25 Aug, 2023 06:34am

Stocks

Wall St falls as Nvidia boost fades

NEW YORK: Wall Street’s main indexes fell on Thursday, as an initial boost from Nvidia’s stellar forecast ...

Published 25 Aug, 2023 06:34am

Stocks

China stocks close up on dip-buying

SHANGHAI: China stocks rebounded on Thursday as some investors bought the dip following recent slumps, while a rally...

Published 25 Aug, 2023 06:34am

Commodities

Palm oil ends over 1pc up on bargain-buying

SINGAPORE: Malay-sian palm oil futures finished more than 1 percent higher on Thursday, snapping a two-day downturn,...

Published 25 Aug, 2023 06:34am

Energy

Oil prices down marginally on weak economic data

BENGALURU: Oil prices slipped on Thursday, still under pressure from the previous day’s weak data from major...

Published 25 Aug, 2023 06:34am

Commodities

Copper retreats on strong dollar

LONDON: Copper prices pulled back on Thursday after five sessions of gains, as unease surrounding high interest ...

Published 25 Aug, 2023 06:34am

Cotton & Textile

Spot rate gains more Rs500 per maund

LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Thursday increased the spot rate by Rs ...

Published 25 Aug, 2023 06:34am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 24, 2023)...

Published 25 Aug, 2023 06:34am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 151,172 tonnes of cargo comprising 88,327 tonnes of import cargo and 62,845...

Published 25 Aug, 2023 06:34am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 21.655...

Published 25 Aug, 2023 06:34am

Energy

US natgas futures sink on weak LNG

NEW YORK: US natural gas futures fell about 3% to a three-week low on Wednesday as the amount of gas flowing to...

Published 25 Aug, 2023 06:34am

Commodities

Asia coffee: Vietnam domestic coffee prices down

HANOI/BANDAR LAMPUNG: Domestic coffee prices continued to edge down in Vietnam this week amid muted activity as...

Published 25 Aug, 2023 06:34am

Opinion

PARTLY FACETIOUS: Why build a five foot wall around the toilet?

“Why can’t highly educated people realise that once their end of term/retirement is in sight their actions are...

Published 25 Aug, 2023 06:34am

Pakistan

General elections: Ministers pledge support to ECP

ISLAMABAD: Caretaker Information Minister Murtaza Solangi met with Interior Minister Sarfraz Bugti and the duo...

Published 25 Aug, 2023 06:34am

Energy

Minister, Turkmenistan envoy discuss TAPI gas project

ISLAMABAD: Ambassador of Turkmenistan Atadjan Movlamov called on interim Federal Minister for Energy Muhammad Ali,...

Published 25 Aug, 2023 06:34am

Pakistan

75th anniversary of diplomatic ties with US: SBP issues Rs75 commemorative coin

KARACHI: The State Bank of Pakistan (SBP) issued a commemorative coin of 75 rupees during a ceremony held in...

Published 25 Aug, 2023 06:34am

Pakistan

Bilawal to chair CEC meeting today

KARACHI: PPP Chairman and former foreign minister Bilawal Bhutto-Zardari has called a meeting of the party’s...

Published 25 Aug, 2023 06:34am

Pakistan

US CG pays homage to Quaid-e-Azam

KARACHI: The US Consul General in Karachi Conrad Tribble visited the Mausoleum of Quaid-e-Azam Muhammad Ali Jinnah...

Published 25 Aug, 2023 06:34am

Pakistan

SC seeks report from AGP on IK’s ‘living conditions in jail’ by 28th

ISLAMABAD: The Supreme Court directed the Attorney General for Pakistan to file a report on the living conditions of...

Published 25 Aug, 2023 06:34am

Pakistan

PM commends heroes for bringing trapped chairlift passengers to safety

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday awarded commendation certificates to the valiant...

Published 25 Aug, 2023 06:34am

Pakistan

Date for general elections: Oddly, CEC takes a dim view of President’s letter

ISLAMABAD: Chief Election Commissioner Sikandar Sultan Raja has declined the invitation of President of Pakistan Dr...

Published 25 Aug, 2023 06:34am

Rates

PSX snaps meltdown

KARACHI: Pakistan Stock Exchange on Thursday witnessed a positive trend due to fresh buying on available attractive...

Published 25 Aug, 2023 06:34am

Industry

Meeting with ABAD members: Turkiye CG interested in joint construction ventures

KARACHI: In a bid to strengthen economic ties and foster collaboration between builders and developers of Pakistan...

Published 25 Aug, 2023 06:34am

Companies

‘Apna Trike’ Project: Lipton Teas & Infusions Pakistan empowers communities

KARACHI: Lipton Teas & Infusions Pakistan is delighted to announce its pioneering collaboration with Bullseye...

Published 25 Aug, 2023 06:34am

Industry

‘Pakistan Expo Vancouver 2023’ organized

ISLAMABAD: The Pakistan Western Canada Trade Association (PWCTA), in collaboration with the Consulate General of...

Published 25 Aug, 2023 06:34am

Money & Banking

FBL unveils strong financial results for 1H-2023

KARACHI: Faysal Bank Limited, one of the prominent Islamic banks in Pakistan, has shown stellar performance in the...

Published 25 Aug, 2023 06:34am

Companies

ICAP Digital Technology Awards: Meezan Bank wins first prize

KARACHI: Meezan Bank has been recognised at the first ‘The Digital Technology Awards - AccounTech Innovation...

Published 25 Aug, 2023 06:34am

Editorials

Discos: political reality is not quite that simple

EDITORIAL: A report on provincializing power distribution companies (Discos) and ending the uniform power tariff has...

Published 25 Aug, 2023 06:34am

Editorials

The problem of child labour

Cruelty to children working as domestic help is rampant in this society, getting attention in a few cases when...

Published 25 Aug, 2023 06:34am

Money & Banking

Dollar higher on US labor market report

NEW YORK: The dollar rose across the board on Thursday, supported by strong US labor market data and as investors...

Published 25 Aug, 2023 06:34am

Business & Finance

PAAPAM delegation visits Iran: Plan to exchange technologies, barter parts and raw material agreed

LAHORE: The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) and the Iranian Auto...

Published 25 Aug, 2023 06:34am

Taxes

Punjab govt adds two taxes to e-Pay Punjab

LAHORE: The Punjab government has added two taxes/levies to e-Pay Punjab, an online platform for the collection of...

Published 25 Aug, 2023 06:34am

Business & Finance

Expert brings under national focus critical importance of achieving energy security

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) organized an Industry Dialogue titled...

Published 25 Aug, 2023 06:34am

Companies

JS Bank reports robust growth in H1 2023

KARACHI: JS Bank, one of the fastest-growing banks in Pakistan unveiled its financial performance for the first half...

Published 25 Aug, 2023 06:34am

Business & Finance

Forex reserves fall $131m

KARACHI: The country’s total liquid foreign exchange reserves fell by $131 million during the last week due to...

Published 25 Aug, 2023 06:34am

Pakistan

Alvi seeks legal opinion of ministry

ISLAMABAD: President Dr Arif Alvi on Thursday sought the legal opinion of the Ministry of Law and Justice on the...

Published 25 Aug, 2023 06:34am

World

Trump’s mug shot released after booking at Georgia jail on election charges

ATLANTA: Donald Trump’s mug shot was released on Thursday evening after he was booked at an Atlanta jail on more...

Published 25 Aug, 2023 06:20am

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	159.27
USD to Swiss Franc / Aug 14	0.81
Pound Sterling to USD / Aug 14	1.35
Euro to USD / Aug 14	1.15
SOFR % / Aug 13	3.62

Stock	Volume
S&P 500 / Aug 13	7,798.99
Nasdaq / Aug 13	26,803.03
Dow Jones / Aug 13	53,839.99
India Sensex / Aug 14	77,758.30
Tokyo Nikkei / Aug 14	68,889.01
Hang Seng / Aug 14	25,175.06
FTSE 100 / Aug 14	10,748.76
Germany DAX 30 / Aug 14	26,458.86
France CAC40 / Aug 14	8,654.26

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 13	18,580
Gold 10 Grams PKR / Aug 13	394,749
Petrol/Litre / Aug 14	325.43
Crude Oil USD/Barrel / Aug 14	81.63
Gold Spot USD/Ounce / Aug 14	4,330.09
Diesel/Litre / Aug 14	383.95
Cotton US¢/pound / Aug 14	83.44

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