News Archives for Latest - 2024-05-15

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Archive - 2024-05-15

Stocks

Pakistani companies with market cap of over $1bn at PSX

A total of six listed companies have a market cap ranging from $1.13 billion to $2.15 billion as of May 15, 2024

Updated 16 May, 2024 12:36pm

Europe

Slovak PM Robert Fico in life-threatening condition after being shot

BANSKA BYSTRICA: Slovak Prime Minister Robert Fico was in a life-threatening condition after he was shot in a...

Updated 16 May, 2024 12:50am

Energy

Oil rebounds, gains 1% after US crude draw, lukewarm inflation data

NEW YORK: Oil prices rose nearly 1% on Wednesday from a two-month low in the prior session as the market balanced...

Updated 16 May, 2024 12:34am

Business & Economy

Govt reduces petrol price by Rs15.39, HSD’s by Rs7.88 per litre

New prices come into effect from May 16, 2024

Updated 15 May, 2024 11:55pm

Luxury

Burberry profit slumps as luxury sector takes hit

LONDON: Burberry on Wednesday said its annual net profit almost halved and predicted struggles ahead as the luxury...

Published 15 May, 2024 11:15pm

Energy

Amid high tariffs, Pakistan’s industrial base is ramping up transition to solar power

Taking advantage of the natural resource at their disposal, industries in Pakistan are switching towards solar to...

Updated 15 May, 2024 11:06pm

Asia

China ready to work on ‘upgraded’ economic corridor with Pakistan, minister says

Foreign Minister Wang Yi meets FM Ishaq Dar in Beijing

Updated 15 May, 2024 11:04pm

World

Israel minister says opposes Israeli post-war ‘control’ over Gaza

TEL AVIV: Israeli Defence Minister Yoav Gallant on Wednesday said he was opposed to Israeli military control or...

Published 15 May, 2024 11:03pm

Europe

First UK maritime aid delivery on its way to US-built Gaza pier

LONDON: The UK’s first aid delivery to a US-built pier in Gaza left Cyprus on Wednesday, the foreign office in...

Published 15 May, 2024 10:50pm

Pakistan

‘Dubai leaks’: Pakistani politcians downplay development, say ‘nothing new or illegal’

Some of the Pakistani politicians, including serving government officials, named in the recent report on properties...

Published 15 May, 2024 10:26pm

Business & Economy

Bilawal urges govt to lift restriction on wheat export

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari on Wednesday urged the federal government to allow the...

Published 15 May, 2024 10:28pm

Global Business & Economy

IMF board approves members to channel reserve assets to MDBs for hybrid instruments

WASHINGTON: The International Monetary Fund on Wednesday announced that its executive board has approved members to...

Published 15 May, 2024 09:49pm

Sports

Rabada leaves IPL early but set for T20 World Cup

GUWAHATI: South Africa speedster Kagiso Rabada has returned home from the Indian Premier League due to a “soft...

Published 15 May, 2024 09:39pm

Energy

IEA trims 2024 oil demand growth forecast, widens gap with OPEC

LONDON: The International Energy Agency (IEA) on Wednesday trimmed its forecast for 2024 oil demand growth, widening...

Published 15 May, 2024 08:57pm

Money & Banking

Fed gets some good news on inflation progress

Federal Reserve policymakers waiting to see renewed progress on inflation before reducing borrowing costs got some...

Published 15 May, 2024 08:53pm

Forex

Rupee sees marginal loss against US dollar

Currency settles at 278.26 against the greenback in inter-bank market

Updated 15 May, 2024 08:51pm

USA

Biden, Trump agree to first presidential debate in June

WASHINGTON: Joe Biden and Donald Trump agreed Wednesday to hold a first presidential debate in June after the...

Published 15 May, 2024 08:36pm

Pakistan

IHC approves Imran Khan's bail in £190m reference case

Two-member bench comprising Chief Justice Aamer Farooq and Justice Tariq Mehmood Jahangiri announces the verdict

Updated 15 May, 2024 07:52pm

Commodities

Gold price per tola jumps Rs2,900 in Pakistan

After witnessing a fall in the previous three sessions, gold prices reversed their trajectory in Pakistan on...

Updated 15 May, 2024 07:50pm

Stocks

KSE-100 closes with 133-point gain after briefly crossing 75,000

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed the trading session on Wednesday with a gain of...

Updated 15 May, 2024 07:44pm

Stocks

US stocks higher after benign inflation data

NEW YORK: Wall Street stocks climbed early Wednesday following data showing consumer inflation moderated in April...

Published 15 May, 2024 07:20pm

Europe

Putin says Russian forces are advancing on all fronts against Ukraine

MOSCOW: President Vladimir Putin said on Wednesday that Russian forces were improving their positions every day...

Published 15 May, 2024 07:04pm

South Asia

India says it is working to repatriate UN staffer killed in Gaza

NEW DELHI: India said on Wednesday it was working to repatriate the body of a former Indian Army officer serving as...

Published 15 May, 2024 06:48pm

South Asia

Flood emergency ‘remains critical’ in Afghanistan: WHO

KABUL: The emergency in areas of Afghanistan hardest hit by flash floods that killed hundreds of people “remains...

Published 15 May, 2024 06:33pm

Movies & Music

Cannes gets rolling with strong day for women on screen

CANNES, France: The Cannes Film Festival got rolling on Wednesday with a strong day for female representation,...

Published 15 May, 2024 06:32pm

Pakistan

Pakistan conducts successful training launch of Fatah-II Guided Rocket System

ISPR says launch was aimed at perfecting launch drills and procedures

Updated 15 May, 2024 05:48pm

Sports

Mbappe sits out PSG trip to Nice

PARIS: Kylian Mbappe will sit out Paris Saint-Germain’s rearranged Ligue 1 game at Nice on Wednesday due to a minor...

Published 15 May, 2024 05:42pm

Middle East

Erdogan says Israel will ‘set sights’ on Turkiye if Hamas defeated

ISTANBUL: President Recep Tayyip Erdogan on Wednesday claimed that Israel would “set its sights” on Turkiye if it...

Published 15 May, 2024 05:39pm

Europe

Russia claims advances on two fronts during Blinken visit to Kyiv

KYIV: Russia said Wednesday its forces had pushed deeper into the Kharkiv region and also captured the symbolic town...

Published 15 May, 2024 05:15pm

Europe

Blinken announces $2bn in Ukraine military aid in Kyiv

KYIV: US Secretary of State Antony Blinken announced in Kyiv on Wednesday the release of a further $2 billion in...

Published 15 May, 2024 05:11pm

Luxury

Dubai’s real estate MVPs: billionaire Mukesh Ambani leads the way with ‘most valuable’ properties

Asia’s richest man, billionaire Mukesh Ambani topped the list of people who owned the most valuable properties in...

Published 15 May, 2024 05:07pm

Energy

Qatar eyes more long-term gas supply deals this year

DOHA: Qatar expects to sign more long-term natural gas supply deals this year to meet growing international demand,...

Published 15 May, 2024 05:07pm

Stocks

Reclassification: MSCI adds NBP to Frontier Market Index

In a positive development, Morgan Stanley Capital International (MSCI) Inc., in its results of the May 2024 index...

Updated 15 May, 2024 04:48pm

Taxes

Federal cabinet approves rules to expedite disposal of pending tax cases

The Inland Revenue Appellate Tribunals' member appointments will be governed by approved regulations

Published 15 May, 2024 04:31pm

Luxury

Shine comes off De Beers as diamonds hit rough

JOHANNESBURG: Mining titan Anglo American announced Tuesday it planned to sell off the world’s long-dominant diamond...

Published 15 May, 2024 04:07pm

USA

Biden admin plans $1bn in new arms for Israel despite Rafah threat

WASHINGTON: US President Joe Biden’s administration informed Congress on Tuesday of a $1 billion weapons package for...

Updated 15 May, 2024 03:56pm

South Asia

India downplays US sanctions threat over Iran port deal

NEW DELHI: India’s foreign minister has said his company will work to communicate the benefits of a strategic port...

Updated 15 May, 2024 03:54pm

Stocks

FTSE 100 hits record high on Experian boost; US CPI on tap

Britain’s FTSE 100 cruised to a record high on Wednesday led by Experian on upbeat annual revenue forecast, while...

Published 15 May, 2024 03:05pm

Technology

In big change, Google to use AI-generated answers in search results

MOUNTAIN VIEW: Google on Tuesday said it would introduce AI-generated answers to online queries, in one of the...

Published 15 May, 2024 02:56pm

Stocks

European stock markets rise at open

LONDON: European stock markets climbed at the start of trading Wednesday, as investors awaited the release of key US...

Published 15 May, 2024 02:52pm

Literature

Alice Munro, Canadian Nobel Prize-winning author, dead at 92

OTTAWA: Nobel Prize-winning Canadian writer Alice Munro, whose exquisitely crafted tales of the loves, ambitions and...

Published 15 May, 2024 02:27pm

Arts

King Charles unveils his first portrait since coronation

LONDON: Britain’s King Charles on Tuesday unveiled the first official portrait of himself since his coronation last...

Published 15 May, 2024 01:42pm

Asia

Putin backs China’s Ukraine peace plan, says Beijing understands the conflict

Russian President Vladimir Putin, in an interview published early on Wednesday, said he backed China’s plan for a...

Published 15 May, 2024 01:34pm

Arts

Mona Lisa’s mysterious background decrypted by art-loving geologist

LECCO, Italy: Over 500 years after Leonardo da Vinci painted the Mona Lisa, an academic believes she has unravelled...

Published 15 May, 2024 01:31pm

Technology

Huawei flagship store surge in China signals showdown with Apple

HONG KONG: Huawei is revamping its retail strategy and aggressively opening flagship stores in China, with some just...

Published 15 May, 2024 01:30pm

Commodities

London copper climbs as dollar slips, CME contract near record high

BEIJING: London copper climbed on Wednesday on a weaker US dollar as traders awaited a key US inflation report later...

Published 15 May, 2024 12:40pm

Europe

Russia says it downed 10 Ukraine-launched ATACMS missiles over Crimea

The Russian defence ministry said on Wednesday that its air forces destroyed 10 long-range missiles known as ATACMS...

Published 15 May, 2024 12:38pm

Sports

American great Ledecky inspired me to push boundaries: Titmus

MELBOURNE: Ariarne Titmus’s Olympic feats may never have come to pass without the inspiration of the...

Published 15 May, 2024 12:34pm

Sports

Data crunching keeps England ahead of the game, AI to unearth new gems

LONDON: England manager Gareth Southgate is tapping into the data-crunching power of new technology as he prepares...

Published 15 May, 2024 12:33pm

Commodities

Palm oil extends gains; market waits for data

JAKARTA: Malaysian palm oil futures rose on Wednesday, as the commodity’s price was seen as competitive compared to...

Published 15 May, 2024 12:31pm

Business & Finance

Commerzbank reports better-than-expected 29% rise in Q1 profit

FRANKFURT: Germany’s Commerzbank posted a better-than-expected 29% rise in first-quarter net profit on Wednesday,...

Published 15 May, 2024 12:29pm

Mutual Funds

Euro zone bond yields lower before US CPI hurdle

LONDON: Germany’s 10-year bund yield was slightly lower on Wednesday but remained above 2.5% before key US consumer...

Published 15 May, 2024 12:27pm

Mutual Funds

JGB yields slide as US CPI data snags focus from BOJ policy

TOKYO: Japanese government bond (JGB) yields edged down on Wednesday as investors hit pause on a recent sell-off in...

Published 15 May, 2024 12:25pm

Business & Finance

Saudi Arabia inflation unchanged at 1.6% in April

DUBAI: Saudi Arabia’s annual inflation rate held at 1.6% in April, the same as the previous month, government data...

Published 15 May, 2024 12:23pm

Energy

China LNG import capacity to grow to 250mn T per year by 2027-28, PetroChina official says

BANGKOK: PetroChina expects China’s liquefied natural gas (LNG) import capacity to grow to 250 million metric tons...

Published 15 May, 2024 12:20pm

Sports

Postecoglou ‘misread’ Spurs’ fans desperation to deny Arsenal title

LONDON: Tottenham boss Ange Postecoglou said the foundations he has built at the club are “fragile” after many fans...

Published 15 May, 2024 11:53am

Sports

Man City do feel the tension of title race, says Guardiola

LONDON: Manchester City will be affected by the nerves of going for a fourth consecutive Premier League title on...

Published 15 May, 2024 11:49am

Stocks

Shanghai stocks open with small losses

SHANGHAI: Mainland Chinese shares opened slightly lower Wednesday morning following a mixed bag of earnings results...

Published 15 May, 2024 11:36am

Asia

Indonesia floods kill 58 as rescuers race to find missing

TANAH DATAR: Indonesian rescuers raced Wednesday to find dozens of people still unaccounted for after flash floods...

Published 15 May, 2024 11:32am

Middle East

Hezbollah commander among two killed in Israeli strike: source

BEIRUT: Lebanese state media said an Israeli strike on a car in the country’s south killed two people Tuesday, with...

Published 15 May, 2024 11:28am

Stocks

Asian markets mixed as focus turns to US inflation report

HONG KONG: Asian markets wobbled Wednesday ahead of key US inflation data later in the day, with traders struggling...

Published 15 May, 2024 11:14am

Companies

easypaisa partners with IGI Life & IGI General to enhance insurance-based offerings

KARACHI: Telenor Microfinance Bank has signed an agreement with IGI Life and IGI General, laying the foundation for...

Updated 15 May, 2024 10:59am

Europe

Russia economy resilient; Gaza war weighs on neighbours: EBRD

LONDON: Russia’s economy will grow further this year despite Western sanctions over its Ukraine invasion, while...

Published 15 May, 2024 10:59am

FBR proposes Rs1.3trn new taxation measures

Chalks out plan including additional taxes, withdrawal of exemptions and zero-ratings and taxation of real estate/retail sectors

Updated 15 May, 2024 10:44am

Sports

Future bright for ‘game changer’ Fraser-McGurk: Ganguly

NEW DELHI: Young Australian batsman Jake Fraser-McGurk has a long career ahead despite missing out on a T20 World...

Published 15 May, 2024 10:43am

Pakistan

Ex-govt officials, bankers, bureaucrats own properties in Dubai: report

KARACHI: More than a dozen retired military officials and their families, as well as bankers and bureaucrats, own...

Updated 15 May, 2024 10:37am

Bullion Rate

Gold prices flat as US inflation data takes centre-stage

Gold prices traded flat on Wednesday as investors looked forward to a critical US inflation print that could offer...

Published 15 May, 2024 10:35am

Mutual Funds

India bond yields seen tracking US peers down before inflation data

MUMBAI: Indian government bond yields are expected to inch lower in the early session on Wednesday, tracking a...

Published 15 May, 2024 10:30am

Forex

Indian rupee inches up on foreign banks’ dollar sales, uptick in Asia FX

MUMBAI: The Indian rupee was mildly stronger on Wednesday, aided by gains in most Asian currencies ahead of a key US...

Published 15 May, 2024 10:26am

Stocks

Indian shares set to open higher; Canara Bank, JSW Energy in focus

BENGALURU: Indian shares are likely to open higher on Wednesday, extending the week’s gains, as investors await US...

Published 15 May, 2024 10:22am

Stocks

Australia shares rebound on budget boost; US inflation data awaited

Australian shares rebounded on Wednesday after the release of the domestic federal budget sparked gains in miners,...

Published 15 May, 2024 10:16am

Stocks

Japanese shares rise on Sony, chip stocks boost; caution ahead of US data weighs

TOKYO: Japanese shares rose on Wednesday, led by Sony Group and chip-related stocks, although caution ahead of a key...

Published 15 May, 2024 10:07am

Commodities

Dollar droops ahead of crucial CPI test; yen under pressure

TOKYO: The dollar traded near a one-month low versus the euro on Wednesday amid lower Treasury yields as traders...

Published 15 May, 2024 09:57am

H1FY24: Driven by agri sector, real GDP grew 1.7pc: SBP

Macroeconomic conditions improve during first half of fiscal year 2024

Updated 15 May, 2024 09:24am

CPEC review meeting: Certain proportion of imports should be done thru Gwadar port: PM

ISLAMABAD: Prime Minister Shehbaz Sharif has directed that a certain proportion of government imports should be done...

Updated 15 May, 2024 09:20am

Business & Finance

H1FY24 agri sector output rebounds

KARACHI: The output of agriculture sector rebounded, with 6.8 percent growth in the first half of FY24 compared to...

Updated 15 May, 2024 09:19am

Blocking SIM cards of non-filers: IHC stays govt decision

ISLAMABAD: The Islamabad High Court (IHC) on Tuesday stayed the Federal Board of Revenue’s (FBR’s) decision to block...

Updated 15 May, 2024 09:18am

PIACL sell-off: Pre-qualification process to be completed by May-end, PM told

ISLAMABAD: Prime Minister Shehbaz Sharif was apprised on Tuesday that the pre-qualification process for the...

Updated 15 May, 2024 09:17am

BR Research

Circular debt target: Optimistic much?

The IMF program review report is out and it reads much of the same for the energy sector, in terms of progress and...

Published 15 May, 2024 08:49am

ATIR rules approved: Special body formed to consult on PECA amendments

ISLAMABAD: The federal cabinet has decided to set up a special committee for consultation on amendments in Pakistan...

Updated 15 May, 2024 08:53am

BR Research

Currency outlook

The IMF’s latest country report has a special focus on external account assessment within its emphasis on the...

Published 15 May, 2024 08:52am

AJK govt asked to set up its own Disco

ISLAMABAD: The federal government has reportedly asked AJ&K government to establish its own power Distribution...

Updated 15 May, 2024 08:50am

Beleaguered PSM under ECC focus

ISLAMABAD: The Economic Coordination Committee (ECC) of Cabinet has directed Ministry of Industries and Production...

Updated 15 May, 2024 08:48am

Pakistan

Anarchic elements: ‘Nefarious motives’ defeated: govt

ISLAMABAD: Minister for Information and Broadcasting Attaullah Tarar said that the nefarious motives of some...

Updated 15 May, 2024 08:47am

BR Research

Century Paper & Board Mills Limited

Century Paper & Board Mills Limited (CEBP) was incorporated in Pakistan as a public limited company in 1984 and...

Published 15 May, 2024 08:46am

PPIB asks SECMC to supply Thar coal to LEPCL

ISLAMABAD: Private Power & Infrastructure Board (PPIB) has asked Sindh Engro Coal Mining Company (SECMC) to...

Updated 15 May, 2024 08:46am

BR’s refresher: your morning briefing for the day

Important updates from May 14, 2024

Published 15 May, 2024 08:39am

Opinion

Protests, politics and the ‘un’-social media

The best way to control is to make people mindless. The best way to keep them mindless is to keep them illiterate...

Updated 15 May, 2024 06:34am

Opinion

Time to act: 9 cents/kWh

The country faces daunting economic challenges. A shrinking industrial base, a bulging workforce with no jobs to...

Updated 15 May, 2024 06:28am

Opinion

Girls in informational technology: let’s celebrate after genuine inclusion

An entrepreneur during an interview published on this platform said that women’s participation in the workforce...

Updated 15 May, 2024 06:22am

Editorials

An inexcusable standoff

EDITORIAL: Amidst the prevailing disconcerting political instability the word ‘reconciliation’ frequently occurs...

Updated 15 May, 2024 06:17am

Industry

Aurangzeb urged to address issues of OMCs

LAHORE: Chairman Oil Marketing Association of Pakistan Tariq Wazir Ali on Tuesday appealed to the Minister of ...

Updated 15 May, 2024 06:09am

Business & Finance

PM unveils plan to sell most SOEs

ISLAMABAD: Pakistan will privatise all state-owned enterprises, with the exception of strategic entities, Prime...

Published 15 May, 2024 05:47am

Companies

Emirates Group reports record profit of $5.1bn for FY 2023-24

KARACHI: The Emirates Group has announced its best-ever financial performance for the fiscal year 2023-24, reporting...

Published 15 May, 2024 05:53am

Rates

LME official prices

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

Published 15 May, 2024 05:47am

Business & Finance

H1: Fiscal deficit increases to 2.3pc of GDP

KARACHI: Fiscal deficit increased to 2.3 percent of GDP in the first half of FY24 from 2.0 percent in the same ...

Published 15 May, 2024 05:47am

World

Move on from Afghan ‘trauma’ and address rising threat: US study

WASHINGTON: The United States must move on from the “trauma” of two decades of war and step up counterterrorism...

Published 15 May, 2024 05:47am

World

US sharply hikes tariffs on Chinese EVs and chips

WASHINGTON: US President Joe Biden took aim at China on Tuesday, saying Beijing is “cheating” rather than...

Published 15 May, 2024 05:47am

World

CPJ says Indian journalist shot dead at BJP election rally

NEW DELHI: The Committee to Protect Journalists condemned Monday’s killing of journalist Ashutosh Srivastava and...

Published 15 May, 2024 05:47am

World

Israeli tanks push into Rafah, as displaced civilians flee again

CAIRO: Israeli tanks forged deeper into eastern Rafah on Tuesday, reaching some residential districts of the ...

Published 15 May, 2024 05:47am

World

Record 76m people displaced worldwide, says monitor

GENEVA: Conflict in Gaza and Sudan pushed the number of internally displaced people (IDPs) worldwide to a record ...

Published 15 May, 2024 05:47am

Pakistan

Stemming smuggling, transit trade misuse: Changes in customs laws on the anvil: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb, Tuesday, conveyed to the Pakistan Business Council (PBC) that major...

Published 15 May, 2024 05:47am

Pakistan

Dar, CIDCA chairman discuss Gwadar Airport, other projects

BEIJING: Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar on Tuesday held a luncheon meeting with...

Published 15 May, 2024 05:47am

Sports

Gary Kirsten to join Pakistan team ahead of England series

LAHORE: Pakistan Cricket Board on Tuesday announced that Gary Kirsten will join the national men’s side in Leeds ...

Published 15 May, 2024 05:47am

Pakistan

The Weather

KARACHI: The weather report on Tuesday (May 14, 2024) and the forecast for Wednesday (May 15, 2024)...

Published 15 May, 2024 05:47am

Pakistan

Govt can generate Rs58.8bn by better use of land ‘occupied’ by federal govt employees: NGO

ISLAMABAD: The federal government can generate at least $58.8 billion by efficient and productive use of the land...

Published 15 May, 2024 05:47am

Pakistan

Spokesman defends assets of Bilawal, Aseefa

ISLAMABAD: All the national and international assets of Chairman Pakistan Peoples Party, Bilawal Bhutto-Zardari and...

Published 15 May, 2024 05:47am

Pakistan

Issues of KPC housing schemes to be resolved on priority basis: Info secy

KARACHI: Secretary Information Department Nadeem-ur-Rehman Memon said that the issues of journalists and press clubs...

Published 15 May, 2024 05:47am

Pakistan

Affairs of judiciary: AGP says govt, agencies not meddling

ISLAMABAD: The attorney general for Pakistan (AGP) denied the impression that the government or the intelligence...

Published 15 May, 2024 05:47am

Pakistan

Punjab CM for operationalising all inactive water filtration plants

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has directed the authorities concerned to entrust the management ...

Published 15 May, 2024 05:47am

Pakistan

Customs seizes crystal Meth worth Rs3.8m at JIA

KARACHI: The Collectorate of Customs, Airport has seized a substantial quantity of crystal Meth (MDMA) at...

Published 15 May, 2024 05:47am

Pakistan

FO rejects Indian leaders’ anti-Pakistan rhetoric

ISLAMABAD: The Foreign Office on Tuesday rejected the anti-Pakistan rhetoric by various Indian leaders, including...

Published 15 May, 2024 05:47am

Pakistan

Uniform policy being implemented to deal with the challenge of power pilferage, NA told

ISLAMABAD: The National Assembly was informed on Tuesday that a comprehensive uniform policy is being implemented to...

Published 15 May, 2024 05:47am

Pakistan

Iddat case: court adjourns hearing till today

ISLAMABAD: The counsel of Khawar Maneka, the complainant in the Iddat case against Pakistan Tehreek-e-Insaf (PTI)...

Published 15 May, 2024 05:47am

Pakistan

ECO-friendly car launched

KARACHI: At a simple, brief ceremony held at the premises of the SOS Technical Training Institute located on the...

Published 15 May, 2024 05:47am

Pakistan

Punjab CM, Nawaz visit Mayo’s ‘Children Emergency’

LAHORE: Punjab Chief Minister Maryam Nawaz accompanied by the Pakistan Muslim League (PML-N) supremo Nawaz Sharif...

Published 15 May, 2024 05:47am

Pakistan

5 Chinese scholars awarded PhDs by Punjab University

LAHORE: For the first time, five Chinese scholars have been awarded PhD degrees in Punjab University’s 133rd...

Published 15 May, 2024 05:47am

Pakistan

Rotary Club to provide free uniforms to needy students

FAISALABAD: Rotary Club of Faisalabad will provide free uniforms to students who cannot afford uniforms, besides...

Published 15 May, 2024 05:47am

Pakistan

Punjab Govt Advertisement Policy-2024 approved by cabinet

LAHORE: Punjab cabinet, which met here Tuesday with Chief Minister Maryam Nawaz in the chair, accorded approval to...

Published 15 May, 2024 05:47am

Pakistan

LCCI organises seminar on drug addiction and rehabilitation

LAHORE: The Lahore Chamber of Commerce and Industry organized a seminar on Drug Addiction and the Rehabilitation of...

Published 15 May, 2024 05:47am

Pakistan

CCPO disposes of 1956 service appeals

LAHORE: CCPO Lahore Bilal Siddique Kamyana heard police employees 1956 appeals this year, issuing warnings to 1541...

Published 15 May, 2024 05:47am

Pakistan

Better production: Agri dept, private sector should coordinate: minister

LAHORE: Punjab Agriculture Minister Syed Ashiq Hussain Kirmani has said that the Agriculture department and the...

Published 15 May, 2024 05:47am

Pakistan

Legal education: CCP inks MoU with DLE

ISLAMABAD: The Competition Commission of Pakistan (CCP) and the Directorate of Legal Education (DLE) have signed a...

Published 15 May, 2024 05:47am

Pakistan

Coca-Cola’s solar-powered water filtration plant benefits Megwarh villagers

ISLAMABAD: Coca-Cola’s Solar-Powered Water Filtration Plant in Megwarh Village near Umerkot Sindh has benefited ...

Published 15 May, 2024 05:47am

Pakistan

Dar briefs CTGI chairman over FDI scope in Pakistan

BEIJING: Executive Vice President of China Three Gorges Corporation (CTG) and Chairman of China Three Gorges...

Published 15 May, 2024 05:47am

Pakistan

Afghanistan: Deteriorating ties pose challenges in addressing terror threat

ISLAMABAD: The deteriorating bilateral relations between Pakistan and Afghanistan, coupled with a lack of meaningful...

Published 15 May, 2024 05:47am

Pakistan

Five Chinese scholars awarded PhD degrees in PU

LAHORE: For the first time, five Chinese scholars have been awarded PhD degrees in Punjab University’s 133rd...

Published 15 May, 2024 05:47am

Pakistan

Global team visits Guard Agricultural Research, Services

LAHORE: A high level 9-member delegation of internationally acclaimed food and agriculture scientists and ...

Published 15 May, 2024 05:47am

Pakistan

Petition against property tax revision: IHC issues notices to ECP and MCI

ISLAMABAD: The Islamabad High Court (IHC), Tuesday, issued notices to the Metropolitan Corporation of Islamabad...

Published 15 May, 2024 05:47am

Pakistan

Muhammad Ali Randhawa chairs Islamabad Development Working Party meeting

ISLAMABAD: Chief Commissioner Islamabad Muhammad Ali Randhawa on Tuesday met the Islamabad Development Working ...

Published 15 May, 2024 05:47am

Pakistan

Meeting discusses role, reforms of Planning Commission

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal presided over a high-level...

Published 15 May, 2024 05:47am

Pakistan

Minorities rally in Karachi to support Palestinians

KARACHI: Minorities in Karachi took out a march to express solidarity with Palestinians on Monday. The march was...

Published 15 May, 2024 05:47am

Pakistan

Nation suffering due to wrong priorities of policymakers

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 15 May, 2024 05:47am

Pakistan

First meeting of SATRC: Pakistan urges regional collaboration in addressing common ICT challenges

ISLAMABAD: Pakistan on Tuesday underscored the importance of regional collaboration in addressing common ICT...

Published 15 May, 2024 05:47am

Pakistan

Parents urged to protect children from dengue

LAHORE: The Technical Working Group on Dengue Virus, which met with the provincial Health Minister Khawaja Salman...

Published 15 May, 2024 05:47am

Pakistan

SAU to assist PBS in Digital Agricultural Census

HYDERABAD: Sindh Agriculture University will assist the Pakistan Bureau of Statistics (PBS) in conducting the ...

Published 15 May, 2024 05:47am

Pakistan

NAB amendments case: SC directs Centre, Punjab to make arrangements for IK appearance through video link

ISLAMABAD: The Supreme Court directed the federal and the Punjab governments to make arrangements for the appearance...

Published 15 May, 2024 05:47am

Pakistan

National security: Tarar emphasises govt's firm stance

ISLAMABAD: Minister for Information and Broadcasting Attaullah Tarar on Tuesday emphasised the government's firm...

Published 15 May, 2024 05:47am

Pakistan

UAE CG, Sindh CS discuss collaborative projects

KARACHI: In a meeting between the Consul General of the United Arab Emirates (UAE) Bakheet Ateeq AL Remeithi, and...

Published 15 May, 2024 05:47am

Pakistan

Why Imran, Bushra Bibi be shifted to KP: minister

LAHORE: Provincial Minister for Information and Culture Punjab Azma Bokhari while addressing Barrister Saif said ...

Published 15 May, 2024 05:47am

Pakistan

Zardari visits Green Pakistan Initiative Headquarters

ISLAMABAD: President Asif Ali Zardari visited the Green Pakistan Initiative Headquarters in Rawalpindi. The...

Published 15 May, 2024 05:47am

Pakistan

Blome discusses ‘judicial independence, rule of law’ with Tarar

ISLAMABAD: United States Ambassador to Pakistan, Donald Blome, on Tuesday, discussed “judicial independence,...

Published 15 May, 2024 05:47am

Pakistan

Protesters call off march in AJK

MUZAFFARABAD: An alliance of civil rights group on Tuesday called off a protest march in Pakistan-ruled Kashmir ...

Published 15 May, 2024 05:47am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (May 14, 2024). ==================================== BR...

Published 15 May, 2024 05:47am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (May 14, 2024). ======================================= Offset ...

Published 15 May, 2024 05:47am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 14, 2024)...

Published 15 May, 2024 05:47am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 14, 2024)....

Published 15 May, 2024 05:47am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (May 14, 2024)....

Published 15 May, 2024 05:47am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (May 14, 2024). ======================== Open Bid Rs...

Published 15 May, 2024 05:47am

Forex

Open market rates of foreign currencies

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

Published 15 May, 2024 05:47am

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 15 May, 2024 05:47am

Letters

Iran deserves praise

Israel’s ground and air campaign in Gaza has so far killed more than 35,000 people, mostly civilians, and driven...

Published 15 May, 2024 05:47am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR16.946 ...

Published 15 May, 2024 05:47am

Commodities

Copper hits highest since April 2022

LONDON: Copper prices clawed to their highest levels in more than two years on Tuesday as speculators, following...

Published 15 May, 2024 05:47am

Cotton & Textile

No visible change on cotton market

LAHORE: The local cotton market remained bearish on Tuesday and trading volume remained low. Cotton Analyst Naseem...

Published 15 May, 2024 05:47am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (May 14, 2024)...

Published 15 May, 2024 05:47am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 118,534 tonnes of cargo comprising 73,982 tonnes of import cargo and 44,552...

Published 15 May, 2024 05:47am

Energy

Oil down on inflation, supply risks in Mideast

HOUSTON: Oil prices fell on Tuesday, after fresh US data indicated inflation remains sticky, while potential risks ...

Published 15 May, 2024 05:47am

Energy

US natural gas prices turn negative

NEW YORK: US spot natural gas prices in Texas averaged below zero for Tuesday for the fourth time this month and the...

Published 15 May, 2024 05:47am

Stocks

Tokyo stocks close higher ahead of US data

TOKYO: Tokyo stocks closed higher on Tuesday following a seesaw session with investors eyeing the release of US...

Published 15 May, 2024 05:47am

Stocks

Wall St edges up after ‘mixed’ PPI data

NEW YORK: Wall Street’s main indexes inched up on Tuesday as investors assessed a mixed producer prices reading ...

Published 15 May, 2024 05:47am

Stocks

European shares close at record high

PARIS: European shares closed at a record high on Tuesday, with German’s Delivery Hero notching its biggest jump ...

Published 15 May, 2024 05:47am

Stocks

China stocks close down amid US tariff concerns

SHANGHAI: China stocks slipped on Tuesday, while the yuan weakened, as news of fresh US tariffs this week and...

Published 15 May, 2024 05:47am

Stocks

Asian FX hit pause as focus turns to US data

BENGALURU: Asian currencies and stocks were little changed on Tuesday under pressure from a steady dollar, as...

Published 15 May, 2024 05:47am

Opinion

PARTLY FACETIOUS: ‘Patience is wearing thin!’

“Indeed and I define patience as the ability to count down before losing one’s cool and the people of Azad Jammu...

Published 15 May, 2024 05:47am

Rates

New milestone achieved

KARACHI: Pakistan Stock Exchange on Tuesday achieved another milestone, hitting new highest-ever level on the back ...

Published 15 May, 2024 05:47am

Business & Finance

H1FY24: Contained CAD, better inflows help improve external account

KARACHI: Pakistan’s external account improved in the first half of FY24, as current account deficit (CAD) remained...

Published 15 May, 2024 05:47am

Commodities

Japan rubber futures rise on weather woes

SINGAPORE: Japanese rubber futures rose for a second session to close at a three-week high on Tuesday, as traders...

Published 15 May, 2024 05:47am

Commodities

Sliding coking coal prices put pressure on steel, iron ore

BEIJING: Prices of coking coal futures tumbled by more than 3% on Tuesday to their lowest in more than one month,...

Published 15 May, 2024 05:47am

Commodities

Malaysian palm oil futures lower

JAKARTA: Malaysian palm oil futures closed down on Tuesday, snapping previous session gains, as the market is...

Published 15 May, 2024 05:47am

Commodities

Gold inches up as traders eye key US inflation report

BENGALURU: Gold prices firmed on Tuesday as investors awaited the crucial inflation report this week, which can...

Published 15 May, 2024 05:47am

Commodities

Brazil’s Conab raises soybean output view

SAO PAULO: Brazilian farmers are expected to reap 147.685 million metric tons of soybeans in the 2023/2024 cycle,...

Published 15 May, 2024 05:47am

Commodities

Chicago wheat futures ease

PARIS/CANBERRA: Chicago wheat futures edged lower on Tuesday after hitting their highest since last July as prices...

Published 15 May, 2024 05:47am

Business & Finance

H1FY24: Services sector posts a meagre growth of 0.5pc

KARACHI: Not withstanding robust agriculture growth and a moderate recovery in LSM during the second quarter of ...

Published 15 May, 2024 05:47am

Editorials

No feel-good factor within general public

EDITORIAL: There is a level of comfort internationally in the improvement of key macroeconomic indicators - higher...

Published 15 May, 2024 05:47am

Business & Finance

Impact assessment of EDF-funded projects ordered

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has directed a thorough impact assessment and analysis of...

Published 15 May, 2024 05:47am

Business & Finance

IT services exporters: P@SHA proposes taxation reforms

KARACHI: Pakistan Software Houses Association (P@SHA), has apprised that the unanimous and representative budgetary...

Published 15 May, 2024 05:47am

Business & Finance

H2FY24: SBP expects continuation of modest recovery

KARACHI: The State Bank of Pakistan (SBP) expects continuation of modest economic recovery in the second half of ...

Published 15 May, 2024 05:47am

Pakistan

Reserved appeals/applications: ATIR chairman directs judicial members to write judgments

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) chairman has directed judicial members, whose tenure will...

Published 15 May, 2024 05:47am

Companies

Walmart to lay off hundreds of corporate staff, relocate others

NEW YORK: Walmart is cutting hundreds of corporate jobs and asking most remote workers to relocate to three main ...

Published 15 May, 2024 05:47am

Business & Finance

Political uncertainty impacting economy: SBP

KARACHI: Despite some improvement in macroeconomic indicators, economy continues to grapple with the structural...

Published 15 May, 2024 05:47am

Companies

PQGTL announces financial results for 2023

KARACHI: Pak-Qatar General Takaful Limited (PQGTL or the Company), a leading provider of Shariah-compliant general...

Published 15 May, 2024 05:47am

Industry

Q2 of FY24: Industrial production records contraction for 4th consecutive quarter

KARACHI: The industrial production recorded contraction for the fourth consecutive quarter in the second quarter of...

Published 15 May, 2024 05:47am

Money & Banking

Yuan lingers near 2-week low

SHANGHAI: China’s yuan hovered near a two-week low on Tuesday against a steady dollar, with investors awaiting an...

Published 15 May, 2024 05:47am

Money & Banking

Dollar slips after unexpected rise in US producer prices

NEW YORK: The dollar edged lower on Tuesday following an unexpected increase in US producer prices in April amid...

Published 15 May, 2024 05:47am

Taxes

Case involving release of vehicle: FBR directed to investigate allegations of maladministration by Taftan, Quetta customs

ISLAMABAD: The Federal Tax Ombudsman (FTO) has issued directives to the Federal Board of Revenue (FBR) to ...

Published 15 May, 2024 05:47am

Taxes

OIR fails to prove wrong adjustment of tax refund

LAHORE: An Officer of Inland Revenue (OIR) could not prove that a private limited company engaged in production ...

Published 15 May, 2024 05:47am

Money & Banking

BoK signs agreement with SKMCH

PESHAWAR: Bank of Khyber (BoK) signed an agreement with Shaukat Khanum Memorial Cancer Hospital (SKMCH) for access ...

Published 15 May, 2024 05:47am

Money & Banking

Al Baraka Bank (Pakistan) organises webinar to enhance exports of Pakistan

KARACHI: Al Baraka Bank (Pakistan) Limited organized 2nd Webinar for Al Baraka Group (ABG) Inter-Franchise...

Published 15 May, 2024 05:47am

Industry

LTEC, Wiztec sign MoU to modernise chilli industry

ISLAMABAD: Under the China-Pakistan Economic Corridor (CPEC) project LTEC International Agriculture Development Co...

Published 15 May, 2024 05:47am

Taxes

Filing of reference before high court: Mandatory payment of 30pc may be withdrawn: PTBA

KARACHI: Pakistan Tax Bar Association (PTBA) has urged the ministry of law and justice to withdraw the mandatory...

Published 15 May, 2024 05:47am

Taxes

NGO for tax reforms in cigarette manufacturing sector

ISLAMABAD: Capital Calling, an Islamabad-based think tank, has pointed out that cigarette manufacturing is one of ...

Published 15 May, 2024 05:47am

Industry

Sindh planning new industrial zones: minister

KARACHI: The Sindh Government is planning to establish new industrial zones across the province, mainly in Karachi,...

Published 15 May, 2024 05:47am

Cricket

Pakistan beat Ireland to edge T20 series 2-1

DUBLIN: Pakistan dominated Ireland to claim a six-wicket win in their T20 series decider in Dublin on Tuesday....

Published 15 May, 2024 12:28am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 4	277.96
USD PKR Interbank Buying / Aug 4	277.76
USD to Japanese Yen / Aug 5	157.77
USD to Swiss Franc / Aug 5	0.81
Pound Sterling to USD / Aug 5	1.35
Euro to USD / Aug 5	1.15
SOFR % / Aug 4	3.66

Stock	Volume
S&P 500 / Aug 4	7,736.52
Nasdaq / Aug 4	26,584.99
Dow Jones / Aug 4	54,085.88
India Sensex / Aug 5	78,847.15
Tokyo Nikkei / Aug 5	66,300.44
Hang Seng / Aug 5	25,915.82
FTSE 100 / Aug 5	10,894.49
Germany DAX 30 / Aug 5	26,227.46
France CAC40 / Aug 5	8,671.09

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 4	18,780
Gold 10 Grams PKR / Aug 4	366,886
Petrol/Litre / Aug 5	328.56
Crude Oil USD/Barrel / Aug 5	76.02
Gold Spot USD/Ounce / Aug 5	4,221.30
Diesel/Litre / Aug 5	385.86
Cotton US¢/pound / Aug 5	82.62

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Aug 5 786 Investments Limited(786)	28.57 ▲ 2.6 (10.01%)
First Tri-Star Mod. / Aug 5 First Tri-Star Modaraba(FTSM)	38.34 ▲ 3.49 (10.01%)
Shams Textile / Aug 5 Shams Textile Mills Limited(STML)	55.74 ▲ 5.07 (10.01%)
East West Ins. / Aug 5 East West Insurance Company Limited(EWIC)	60.52 ▲ 5.5 (10%)
Gadoon Textile / Aug 5 Gadoon Textile Mills Limited(GADT)	340 ▲ 30.91 (10%)
J.A.Textile / Aug 5 J.A. Textile Mills Limited(JATM)	51.58 ▲ 4.69 (10%)
Suhail Jute / Aug 5 Suhail Jute Mills Limited(SUHJ)	261.12 ▲ 23.74 (10%)
Tri-Star Power / Aug 5 Tri-Star Power Limited(TSPL)	18.50 ▲ 1.68 (9.99%)
Asim Textile / Aug 5 Asim Textile Mills Limited(ASTM)	51.08 ▲ 4.64 (9.99%)
Redco Textile / Aug 5 Redco Textiles Limited(REDCO)	33.37 ▲ 3.03 (9.99%)

Stock	Price
Mehmood Tex / Aug 5 Mehmood Textile Mills Limited(MEHT)	152.98 ▼ -17 (-10%)
Olympia Mills / Aug 5 Olympia Mills Limited(OML)	108.29 ▼ -12.03 (-10%)
Trust Mod. / Aug 5 Trust Modaraba(TRSM)	21.56 ▼ -2.39 (-9.98%)
Aisha Steel(ConPS) / Aug 5 Aisha Steel(ConPS)(ASLPS)	28.43 ▼ -3.12 (-9.89%)
Tariq Corporation / Aug 5 Tariq Corporation Limited(TCORP)	19.31 ▼ -1.99 (-9.34%)
Nets Internat.Comm. / Aug 5 Nets International Communication Limited(GEMNETS)	21.56 ▼ -1.94 (-8.26%)
Masood Textile / Aug 5 Masood Textile Mills Limited(MSOT)	142.20 ▼ -11.47 (-7.46%)
ARM Green Industries / Aug 5 ARM Green Industries Limited(ARMG)	61.15 ▼ -4.85 (-7.35%)
Grays Leasing / Aug 5 Grays Leasing Limited(GRYL)	21.66 ▼ -1.67 (-7.16%)
Shahtaj Sugar / Aug 5 Shahtaj Sugar Mills Limited(SHJS)	177.41 ▼ -12.45 (-6.56%)

Stock	Volume
Trust Sec.& Brok. / Aug 5 Trust Securities & Brokerage Limited(TSBL)	52,879,995 ▼ -0.13
WorldCall Telecom / Aug 5 Worldcall Telecom Limited(WTL)	42,520,544 ▲ 0.03
Cnergyico PK / Aug 5 Cnergyico PK Limited(CNERGY)	40,200,390 ▲ 0.05
B.O.Punjab / Aug 5 The Bank of Punjab(BOP)	40,114,047 ▲ 1.05
Unity Foods Ltd / Aug 5 Unity Foods Limited(UNITY)	26,759,807 ▲ 1.01
TPL Properties / Aug 5 TPL Properties Limited(TPLP)	25,273,545 ▼ -0.16
Samba Bank / Aug 5 Samba Bank Limited(SBL)	23,483,908 ▲ 1.07
Pak Refinery / Aug 5 Pakistan Refinery Limited(PRL)	22,036,197 ▲ 0.95
Dadabhoy Cement / Aug 5 Dadabhoy Cement Industries Limited(DBCI)	21,526,182 ▼ -0.51
Pak Int.Bulk / Aug 5 Pakistan International Bulk Terminal(PIBTL)	20,001,936 ▲ 0.04