News Archives for Latest - 2024-05-16

<<>>

Archive - 2024-05-16

World

Israel army says two Thai hostages held in Gaza are dead

JERUSALEM: The Israeli army said Thursday that two Thai hostages earlier believed to be alive in Gaza were killed in...

Published 16 May, 2024 11:57pm

Europe

Russia ramps up strike drone use on Kharkiv front, Ukrainian artillery crew says

KHARKIV REGION: Ukrainian artillery on the Kharkiv frontline are facing a bigger threat than ever from Russia’s...

Published 16 May, 2024 11:03pm

Business & Economy

PIA privatisation: deadline for EoI submission not expected to be extended further

The deadline for companies to express their interest in buying national carrier Pakistan International Airlines...

Updated 16 May, 2024 10:43pm

Forex

SBP-held foreign exchange reserves increase $15mn, now stand at $9.13bn

Total liquid foreign reserves held by the country stand at $14.62 billion

Updated 16 May, 2024 10:28pm

Pakistan

NDMA says severe heatwave likely to hit Punjab, Sindh next week

The National Disaster Management Authority (NDMA) has issued a severe heatwave alert for most parts of the country,...

Published 16 May, 2024 10:11pm

World

Hamas authorities say over 100 academics killed in Gaza war

GAZA STRIP: Gaza authorities released a list on Thursday of more than 100 academics and researchers they say have...

Published 16 May, 2024 10:11pm

Pakistan

CM Maryam announces Rs400bn package for farmers

Chief Minister Punjab Maryam Nawaz announced on Thursday that the provincial government will introduce a...

Updated 16 May, 2024 09:16pm

Perspectives

The revolving door of instability in Pakistan

The current state of affairs in Pakistan is deeply concerning as the country appears to be slipping back into...

Published 16 May, 2024 08:34pm

Stocks

Dow sprints past 40,000-mark on earnings boost, rate-cut bets

The Dow Jones Industrial Average breached the 40,000-point level for the first time ever on Thursday, its fastest...

Published 16 May, 2024 08:34pm

Stocks

Most Gulf markets rise on US rate cut optimism; Dubai slips

Most stock markets in the Gulf ended higher on Thursday, amid rising hopes for interest rate cuts by the U.S....

Published 16 May, 2024 08:31pm

Exchange

Rupee sees marginal decline against US dollar

Currency settles at 278.4 against the greenback in inter-bank market

Updated 16 May, 2024 08:24pm

Business & Economy

Govt will not propose extension in tax exemptions for ex-FATA, PATA: Aurangzeb

Finance Minister Muhammad Aurangzeb on Thursday said the government has decided to withdraw tax and duty exemptions...

Updated 16 May, 2024 08:19pm

Stocks

KSE-100 extends gains, closes shy of 75,000

The KSE-100 Index closed in the green for another session on Thursday as it gained 267 points to settle near 75,000...

Updated 16 May, 2024 08:19pm

Middle East

South Africa tells UN court Israel ‘genocide’ hit ‘new and horrific stage’

THE HAGUE: South Africa accused Israel on Thursday at the top UN court of stepping up what it called a “genocide” in...

Updated 16 May, 2024 08:14pm

Pakistan

NAB laws case: hearing adjourned without Imran Khan speaking

Former PM to appear before SC via video link in the next hearing as well

Updated 16 May, 2024 08:06pm

Energy

Oil prices rise after positive US economic data

LONDON: Oil futures rose on Thursday bolstered by slower than expected inflation and a stabilising U.S. job market,...

Updated 16 May, 2024 07:37pm

Europe

Germany urges greater protection of civilians in Rafah

BERLIN: German Foreign Minister Annalena Baerbock on Thursday urged greater protection of civilians in Rafah, as the...

Published 16 May, 2024 07:16pm

Europe

World Bank and Turkiye signs $1bn renewable energy program

ISTANBUL: Turkiye and the World Bank signed an agreement for $1 billion program to support renewable energy...

Published 16 May, 2024 07:09pm

Middle East

Israel claims it’s wearing down Hamas, sending more troops to area of Rafah

JERUSALEM: Israel’s defense minister said on Thursday that additional troops would join a ground aggression in an...

Updated 16 May, 2024 06:48pm

Bullion Rate

Gold price per tola jumps Rs1,600 in Pakistan

Gold prices maintained their upward trajectory in Pakistan on Thursday in line with the increase in the...

Updated 16 May, 2024 06:40pm

Middle East

Egypt president says Israel evades Gaza ceasefire efforts

DUBAI: Israel continues to evade efforts to reach a ceasefire in its war with Hamas in Gaza, Egyptian President...

Published 16 May, 2024 06:28pm

Forex

Kenyan and Nigerian currencies could weaken

NAIROBI: The Kenyan and Nigerian currencies are expected to weaken in the next week to Thursday, while Ghana’s,...

Published 16 May, 2024 06:18pm

Business & Finance

SECP says enters second phase of digital transformation

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) commenced the second phase of its end-to-end...

Published 16 May, 2024 06:04pm

Movies & Music

Cannes Film Festival to feature Pakistani animated feature ‘The Chronicles of Umro Ayyar’

The 77th Cannes Film Festival will screen Pakistani 3D-animated feature film, ‘The Chronicles of Umro Ayyar’,...

Published 16 May, 2024 05:40pm

Commodities

Asia rice: Thai rates surge to over three-month high on tight supply

Thailand’s rice export prices rose to a more than three-month peak this week, bolstered by thin supplies and strong...

Published 16 May, 2024 05:29pm

Stocks

IT stocks, Mahindra & Mahindra lift Indian shares to best session in over 2 weeks

BENGALURU: Indian shares advanced on Thursday, led by information technology stocks after softer-than-expected U.S....

Published 16 May, 2024 05:20pm

Travel

World’s largest sun canopy, monorail, tropical forest: first look at Dubai’s new airport

Visitors at the Airport Show in Dubai were treated to a detailed look at the world’s largest sun canopy and a...

Published 16 May, 2024 05:09pm

Commodities

CME copper near record high as shorts roll positions forwards

LONDON: Copper prices on the Chicago Mercantile Exchange hovered near record highs on Thursday as buyers piled in...

Published 16 May, 2024 05:13pm

Commodities

Palm oil ends lower with export data in focus

JAKARTA: Malaysian palm oil futures shed earlier gains and closed lower on Thursday, as traders braced for...

Published 16 May, 2024 05:10pm

Arts

Monet painting fetches $35mn at New York auction

NEW YORK: A Monet sold for nearly $35 million at auction Wednesday evening, Sotheby’s said, marking a solid start to...

Updated 16 May, 2024 04:36pm

Middle East

Health ministry in Gaza says war death toll at 35,272

GAZA STRIP: The health ministry in Hamas-run Gaza said Thursday that at least 35,272 people have been killed in the...

Updated 16 May, 2024 04:25pm

Mutual Funds

India benchmark unable to break 7.05% on profit-booking roadblock

MUMBAI: Indian benchmark bond yield eased to its lowest level in seven weeks on Thursday, tracking a sharp drop in...

Published 16 May, 2024 03:14pm

Forex

Indian rupee to open higher after data boosts odds of Fed rate cuts

MUMBAI: The Indian rupee will open higher on Thursday after weak US retail sales and cooling US inflation made it...

Published 16 May, 2024 03:12pm

Stocks

Britain’s FTSE 100 down as Sage Group drags

London’s FTSE 100 fell on Thursday as multiple companies including oil giant BP traded ex-dividend, while a drop in...

Published 16 May, 2024 03:09pm

Middle East

Israeli forces kill 3 in West Bank: Palestinian authorities

RAMALLAH: Israeli troops shot and killed three men during clashes in the occupied West Bank, Palestinian officials...

Updated 16 May, 2024 03:07pm

Stocks

European shares slip on auto, energy drag; Siemens drops on bleak earnings

European shares edged lower on Thursday, weighed down by German engineering group Siemens after a second-quarter...

Published 16 May, 2024 03:05pm

Business & Finance

Toshiba to cut up to 4,000 jobs in Japan

TOKYO: Troubled Japanese industrial giant Toshiba said Thursday that it plans to cut up to 4,000 jobs domestically...

Published 16 May, 2024 02:57pm

Europe

In Kharkiv, Zelensky says military situation ‘extremely difficult’

KHARKIV: Ukrainian President Volodymyr Zelensky said Thursday the military situation in the northeastern Kharkiv...

Published 16 May, 2024 02:54pm

Movies & Music

Francis Ford Coppola’s epic ‘Megalopolis’ finally arrives at Cannes

'Godfather' director has been accused of inappropriate behavior on set

Published 16 May, 2024 02:37pm

Europe

UK’s Labour sets out priorities for government, planning on election win

LONDON: Britain’s opposition Labour leader Keir Starmer will set out six priorities for his party if it wins power,...

Published 16 May, 2024 01:17pm

Asia

Indonesia’s death toll rises to 67 from Sumatra floods, 20 still missing

JAKARTA: The number of people killed by weekend flash floods and mud slides in Indonesia’s West Sumatra province has...

Published 16 May, 2024 01:10pm

Life & Style

Victoria’s Secret fashion show set for a comeback after six-year gap

The popular annual runway show from Victoria’s Secret, featuring supermodels with jewel-encrusted bras and angel...

Published 16 May, 2024 01:02pm

Europe

Slovak leader Fico stable after surgery but condition ‘very serious’

BANSKA BYSTRICA: Slovakia’s Prime Minister Robert Fico was in “very serious” but stable condition on Thursday, a...

Published 16 May, 2024 12:57pm

Movies & Music

‘Bridgerton’ Season 3 dives into friends-to-lovers romance

LOS ANGELES: When Nicola Coughlan and Luke Newton were preparing to film Season 3 of the regency era romance series...

Published 16 May, 2024 12:54pm

South Asia

Dance videos of Modi, rival turn up AI heat in India election

NEW DELHI: An AI video shows an ecstatic Narendra Modi sporting a trendy jacket and trousers, grooving on a stage to...

Published 16 May, 2024 12:49pm

Companies

Japan’s Honda steps up electrification investment to $65bn through FY2030

TOKYO: Japan’s Honda Motor pledged to double its electrification and software investment to about $65 billion over...

Published 16 May, 2024 12:43pm

Commodities

Malaysia keeps June crude palm oil export duty at 8%

KUALA LUMPUR: Malaysia has maintained its June export tax for crude palm oil at 8% and lowered its reference price,...

Published 16 May, 2024 12:14pm

Revision of buyback rates: PM directs Nepra, PD to amend net metering rules

ISLAMABAD: Prime Minister Shehbaz Sharif is said to have directed the National Electric Power Regulatory Authority...

Updated 16 May, 2024 12:07pm

Sports

Injured Black Caps Allen, Conway on course for T20 World Cup

New Zealand coach Gary Stead is confident of having a fully fit squad when the team departs for the Caribbean for...

Published 16 May, 2024 12:02pm

Sports

Chelsea being rewarded for patience, says Pochettino

BRIGHTON: Mauricio Pochettino said Chelsea’s late surge to the verge of European qualification was just reward for...

Published 16 May, 2024 11:56am

Non-filers: FBR proposes WHT raise on cash withdrawal from banks

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed to raise withholding tax on cash withdrawal from the...

Updated 16 May, 2024 11:50am

Sports

Antoine Griezmann hat-trick fires Atletico into Champions League

MADRID: Antoine Griezmann secured Champions League qualification for Atletico Madrid with a hat-trick in a 3-0...

Published 16 May, 2024 11:42am

Sports

Max Verstappen seeks to restore order at Imola as F1 remembers Senna

IMOLA: Max Verstappen will aim to recover and put his friend Lando Norris back in his place among the chasing pack...

Published 16 May, 2024 11:33am

Middle East

Arab leaders head to Bahrain for Gaza-focused summit

MANAMA: Arab leaders are gathering Thursday in Bahrain for a summit dominated by the Israel-Hamas war which has been...

Published 16 May, 2024 11:24am

Sports

FIFA meets to award 2027 Women’s World Cup under Gaza cloud

BANGKOK: Football’s world governing body FIFA will decide the hosts for the 2027 Women’s World Cup at its congress...

Published 16 May, 2024 11:12am

Stocks

Asian markets track Wall St records after US inflation data

HONG KONG: Asian equities rallied Thursday after US data showed inflation cooled last month, fuelling speculation...

Published 16 May, 2024 11:08am

Sports

Without Messi, Miami’s winning run ends with derby draw

MIAMI: Inter Miami’s five-match winning run came to an end on Wednesday as, without the injured Lionel Messi, they...

Published 16 May, 2024 11:03am

Asia

Xi Jinping, Putin hail ties as ‘stabilising’ force in chaotic world

BEIJING: Leaders Xi Jinping and Vladimir Putin framed their nations’ ties as a stabilising force in a chaotic world...

Published 16 May, 2024 10:50am

USA

Police take back building from protesters at University of California, Irvine

IRVINE: Police on Wednesday appeared to take back control of a lecture hall from pro-Palestinian protesters who for...

Published 16 May, 2024 10:33am

Bullion Rate

Gold drifts higher as rising Fed rate cut expectations boost appeal

Gold prices inched up on Thursday following a sharp rise in the last session as the dollar and bond yields weakened...

Published 16 May, 2024 10:17am

Forex

Australia, NZ dollars on a high, bonds rally on rate cut fever

SYDNEY: The Australian and New Zealand dollars hit multi-month highs on Thursday as a slowdown in US inflation...

Published 16 May, 2024 10:15am

Stocks

Australia shares jump on US inflation data reinforces rate-cut hopes

Australian shares rose for a second session on Thursday, pulled up by banks, tech and real estate stocks as cooling...

Published 16 May, 2024 10:09am

Stocks

IT leads rise in Indian shares as US inflation relief spurs global rally

BENGALURU: Indian shares opened higher on Thursday, led by information technology stocks and tracking a rally in...

Published 16 May, 2024 10:07am

Stocks

Japan’s Nikkei rides tech rally higher amid US inflation optimism

TOKYO: Japan’s Nikkei share average rose on Thursday as technology stocks tracked their overseas peers higher after...

Published 16 May, 2024 10:06am

Stocks

China, HK stocks rise as property share sentiment improves

SHANGHAI: Chinese stocks rose on Thursday, led by property and financial shares, as sentiment improved after several...

Published 16 May, 2024 10:03am

Forex

Dollar sags as slower US inflation boosts rate cut expectations

SINGAPORE: The dollar skidded to multi-month lows on Thursday after US core inflation hit its slowest in three years...

Published 16 May, 2024 10:00am

PD gets PM’s nod for power tariff hike

Federal Board of Revenue in consultation with Ministry of Finance to review overall taxes applicable on electricity consumers

Updated 16 May, 2024 09:45am

Business & Finance

March LSMI output up 2.04pc YoY

ISLAMABAD: The Large Scale Manufacturing Industries (LSMI) output increased by 2.04 per cent for March 2024 when...

Updated 16 May, 2024 09:41am

Energy: Aurangzeb briefed about issues facing industrial sector

ISLAMABAD: The Federal Minister for Finance & Revenue, Senator Muhammad Aurangzeb, chaired a meeting at the...

Updated 16 May, 2024 09:27am

Business & Finance

MSCI FM Index: Pakistan’s weight to go up by 30-40bps with NBP’s addition

KARACHI: MSCI has announced the results of its index review for May 2024, based on which, one more scrip of...

Updated 16 May, 2024 09:26am

Juices, cigarettes prime focus: Govt plans to rationalise FED regime in budget

ISLAMABAD: The government is planning to rationalise Federal Excise Duty (FED) regime in the coming budget with...

Updated 16 May, 2024 09:26am

BR Research

Startups in Pakistan: all gloom and doom?

“Booming startup funding; VC interest burgeoning in Pakistan’s tech startups.” Such were the headlines back in 2021...

Published 16 May, 2024 09:03am

Power and wheat flour: ECC approves Rs23bn TSG for AJK govt

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs23 billion technical...

Updated 16 May, 2024 09:03am

Development budget, PSDP: PM directs setting up of Ahsan-led panel

ISLAMABAD: Prime Minister Shehbaz Sharif has directed that a cabinet committee to be headed by the Minister for...

Updated 16 May, 2024 09:02am

Pakistan

Bilawal advises opposition to hold dialogue only with govt

ISLAMABAD: As the opposition Pakistan Tehreek-e-Insaf (PTI) is head over heels for engaging the mighty gurus for...

Updated 16 May, 2024 09:02am

Petrol price slashed by Rs15.39, HSD’s by Rs7.88

ISLAMABAD: Federal government on Wednesday announced massive cut up to Rs 15.39 per litre in the ex-dept prices of...

Updated 16 May, 2024 09:00am

BR Research

Citi Pharma Limited

Citi Pharma Limited (PSX: CPHL) was incorporated in Pakistan as a private limited company in 2012 and was converted...

Published 16 May, 2024 08:59am

BR’s refresher: your morning briefing for the day

Important updates from May 15, 2024

Published 16 May, 2024 08:54am

Business & Finance

Dubai’s AI blueprint can be ‘roadmap for wider region’

Dubai has recently unveiled a strategy for Artificial Intelligence (AI), an annual initiative aimed at leveraging...

Updated 16 May, 2024 07:05am

Opinion

Chakkar-istan: degree attestation is a new business in Pakistan

Degree attestation from the Inter Board Chairman Council (IBCC) & Higher Education Commission (HEC) is a new...

Updated 16 May, 2024 06:57am

Opinion

Will the upcoming Disco boards be a fiasco again?

Non-professionalism in the power sector has been dubbed as the main reason for the present rot. Here, the present...

Published 16 May, 2024 06:28am

Opinion

The AJK curtain-raiser

I fear the recent unrest in AJK was not an isolated affair, nor does the delayed Rs35bn sweetener mean the end of ...

Published 16 May, 2024 06:28am

Pakistan

The Weather

KARACHI: The weather report on Wednesday (May 15, 2024) and the forecast for Thursday (May 16, 2024)...

Published 16 May, 2024 06:29am

Money & Banking

Freelancers and IT exporters: BankIslami launches exclusive priority banking lounge

KARACHI: BankIslami, a leading financial institution announced the opening of its exclusive priority banking lounge...

Published 16 May, 2024 06:29am

Energy

APL inaugurates its flagship fuel station in Islamabad

ISLAMABAD: One of the leading fuel retail brands in Pakistan, Attock Petroleum Limited organized the inauguration of...

Published 16 May, 2024 06:29am

World

Putin heads to Beijing seeking greater support for war effort

BEIJING: Russian President Vladimir Putin arrives in China on Thursday to meet his “dear friend” Xi Jinping as ...

Published 16 May, 2024 06:29am

Asia

Singapore’s Lawrence Wong sworn in as new prime minister

SINGAPORE: Singapore swore in Lawrence Wong as the city-state’s new prime minister in a ceremony broadcast live on...

Published 16 May, 2024 06:29am

Europe

Dutch parties reach coalition deal: Wilders

THE HAGUE: Six months after Geert Wilders won a stunning election victory, squabbling politicians finally clinched a...

Published 16 May, 2024 06:29am

Europe

Italy’s PM Meloni warns of ‘super-State’ of Europe

ROME: Italian Prime Minister Giorgia Meloni warned Wednesday that voters in upcoming European elections would be...

Published 16 May, 2024 06:29am

Middle East

Netanyahu says no humanitarian crisis as hundreds of thousands flee

RAFAH (Palestinian Territories): Israel’s prime minister on Wednesday insisted there was no “humanitarian...

Published 16 May, 2024 06:29am

World

Four dead in New Caledonia riots, France declares state of emergency

SYDNEY/PARIS: France declared a state of emergency on the Pacific island of New Caledonia on Wednesday after three...

Published 16 May, 2024 06:29am

World

Sri Lanka says 16 citizens killed fighting in Ukraine war

COLOMBO: At least 16 Sri Lankan mercenaries have been killed fighting in the war between Russia and Ukraine, the...

Published 16 May, 2024 06:29am

Pakistan

CM gives Rs30m cheque to hockey team players

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif met the hockey players and presented cheque of Rs30 million to the...

Published 16 May, 2024 06:29am

Pakistan

Provincial Judo competitions for men and women begin at SAU

HYDERABAD: The provincial Judo competitions for men and women under the Prime Minister Youth Talent Hunt Youth ...

Published 16 May, 2024 06:29am

South Asia

Indian court grants bail to IIOJK journalist after years in jail

OCCUPIED SRINAGAR: An award-winning journalist in Illegally Indian-Occupied Jammu and Kashmir (IIOJK) who spent more...

Published 16 May, 2024 06:29am

Pakistan

Alkhidmat, KW&SC ink accord

KARACHI: Alkhidmat Karachi is set to provide healthcare services to the employees of Karachi Water and Sewerage...

Published 16 May, 2024 06:29am

Pakistan

Rehabilitation of Lyari gas network to improve service delivery

KARACHI: Lyari, the heart of the ‘old-city area’ happens to be one of the earliest gasified areas in Karachi....

Published 16 May, 2024 06:29am

Pakistan

Met Office forecasts ‘very hot’ weather

KARACHI: Temperatures on Wednesday surged to the season’s record highs in Sindh, as sizzling weather is likely...

Published 16 May, 2024 06:29am

Pakistan

JI, KBP to protest against delay in wheat procurement

LAHORE: Workers of the Jamaat-e-Islami (JI) and the Kissan Board Pakistan (KBP) will stage a protest in front of the...

Published 16 May, 2024 06:29am

Pakistan

Opposition raises objections to Punjab Defamation Bill 2024

LAHORE: The opposition in the Punjab Assembly on Wednesday raised objections to the controversial Punjab Defamation...

Published 16 May, 2024 06:29am

Pakistan

Defamation law not against any journalist: govt

LAHORE: Provincial Information Minister Azma Bokhari said on Wednesday that the proposed law of defamation is not...

Published 16 May, 2024 06:29am

Pakistan

PA body takes strong stance against illegal sand mining

LAHORE: The inaugural meeting of the Special Committee of the Punjab Assembly chaired by Minister for Mines and...

Published 16 May, 2024 06:29am

Pakistan

Status of legislative memberships: Gilani, Dar, Aurangzeb, Musadik, 21 others will not be affected

ISLAMABAD: The status of legislative memberships of Chairman Senate Yousaf Raza Gilani, Deputy Prime Minister Ishaq...

Published 16 May, 2024 06:29am

Pakistan

IK acquitted in Section 144 violation case

ISLAMABAD: A local court, on Wednesday, acquitted Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan from a...

Published 16 May, 2024 06:29am

Pakistan

Omar demands thorough probe into ‘Dubai Unlocked’ properties

ISLAMABAD: The opposition leader in the National Assembly Omar Ayub Khan on Wednesday demanded a thorough probe into...

Published 16 May, 2024 06:29am

Pakistan

Posts of VCs in varsities: SC irked by non-compliance of its order

ISLAMABAD: The Supreme Court has expressed extreme dismay over non-compliance of its order by the federal and...

Published 16 May, 2024 06:29am

Pakistan

Iddat case: Maneka’s counsel directed to attend hearing via video link or submit written arguments

ISLAMABAD: A local court on Wednesday directed the counsel of Khawar Maneka, the complainant in the Iddat case...

Published 16 May, 2024 06:29am

Pakistan

Modern global standards: Speakers raise questions over local automobile industry’s ‘failure’

ISLAMABAD: Speakers at a conference have raised serious questions about the local auto-mobile industry’s failure ...

Published 16 May, 2024 06:29am

Pakistan

Turkiye President likely to visit very soon

ISLAMABAD: Turkiye President Recep Tayyip Erdogan is likely to visit Pakistan within a couple of days on the...

Published 16 May, 2024 06:29am

Pakistan

Pakistan, Afghan forces continue exchange of heavy fire

ISLAMABAD: Pakistan and Afghan security forces continued to exchange heavy fire on the Pakistan-Afghanistan border ...

Published 16 May, 2024 06:29am

Pakistan

Al-Qadir Trust case: AC adjourns hearing till 17th due to security concerns

ISLAMABAD: The Accountability Court hearing the £190 million National Crime Agency (NCA) scam commonly known as the...

Published 16 May, 2024 06:29am

Pakistan

BME successfully concludes 8-week internship programme

KHUZDAR, (Balochistan): Bolan Mining Enterprises (BME), a pioneering mining joint venture between Pakistan Petroleum...

Published 16 May, 2024 06:29am

Pakistan

CM approves STEM IT, Science Labs in 1000 elementary schools

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif, while according approval to provide 32298 computer tabs to the...

Published 16 May, 2024 06:29am

Pakistan

Heavy rains: DC Matiari directs depts to prepare plan

HYDERABAD: Deputy Commissioner Matiari, Muhammad Yousif Shaikh, has issued directives to all concerned departments ...

Published 16 May, 2024 06:29am

Pakistan

Wheat procurement, law and order: Governor to discuss issues with PM, CM

LAHORE: Governor Punjab Saleem Haider Khan said on Wednesday that he is going to meet Prime Minister Shehbaz Sharif...

Published 16 May, 2024 06:29am

Pakistan

LHC reserves verdict on plea against Dar’s appointment

LAHORE: The Lahore High Court reserved its verdict on a petition against Ishaq Dar for his appointment as Deputy...

Published 16 May, 2024 06:29am

Pakistan

Quality legislation: NA Speaker for strengthening standing bodies

ISLAMABAD: National Assembly Speaker Ayaz Sadiq said that there is a need to strengthen the standing committees of...

Published 16 May, 2024 06:29am

Pakistan

Naqvi praises PM for farmer-friendly initiative

LAHORE: Interior Minister Mohsin Naqvi has paid tribute to Prime Minister Shehbaz Sharif for increasing target of...

Published 16 May, 2024 06:29am

Rates

LME official prices

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

Published 16 May, 2024 06:28am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (May 15, 2024). ======================================= Offset...

Published 16 May, 2024 06:28am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 15, 2024)...

Published 16 May, 2024 06:28am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 15, 2024)....

Published 16 May, 2024 06:28am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (May 15, 2024)....

Published 16 May, 2024 06:28am

Forex

Dollar's rate in Interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (May 15, 2024). ======================== Open Bid Rs...

Published 16 May, 2024 06:28am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (May 15, 2024). ==================================== BR...

Published 16 May, 2024 06:28am

Forex

Open market rates of foreign currencies

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

Published 16 May, 2024 06:28am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (May 15, 2024). ========================== KIBOR...

Published 16 May, 2024 06:28am

Letters

US working hand in glove with Israel

It is heartening to note that the European Union has taken a meaningful step against Israel’s growing belligerence...

Published 16 May, 2024 06:28am

Opinion

PARTLY FACETIOUS: ‘It’s never what you say, but in which language you say that is important’

“So all hail to the gods of legality.” “Excuse me!” “I was referring to the recurring nightmare of the...

Published 16 May, 2024 06:28am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 123,530 tonnes of cargo comprising 56,628 tonnes of import cargo and 66,902...

Published 16 May, 2024 06:28am

Stocks

China stocks close lower after US tariffs

SHANGHAI: Mainland China shares ended lower on Wednesday, pressured by US President Joe Biden’s decision to levy...

Published 16 May, 2024 06:28am

Stocks

Upbeat earnings lift STOXX 600 to record high

PARIS: Europe’s main share index notched a record high on Wednesday, as investors cheered robust earnings from the...

Published 16 May, 2024 06:28am

Stocks

S&P 500, Nasdaq at record highs as lukewarm inflation fuels rate-cut bets

NEW YORK: The benchmark S&P 500 and the Nasdaq touched record highs on Wednesday after a lower-than-expected...

Published 16 May, 2024 06:28am

Pakistan

PML-N leader urges Parliament to play its role in bringing judicial reforms

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) senior leader Senator Talal Chaudhry on Wednesday urged Parliament ...

Published 16 May, 2024 06:28am

Pakistan

PTI denounces ban on meeting with Imran, Qureshi

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) vehemently denounced the ban on meeting with party founding chairman Imran...

Published 16 May, 2024 06:28am

Pakistan

Punjab’s first Free IT City at APS School inaugurated

LAHORE: Education Minister Rana Sikandar Hayat inaugurated Punjab’s first Free IT City at APS School, Model Town....

Published 16 May, 2024 06:28am

Pakistan

Medical, nursing education: UHS has key role in uplift: Minister

LAHORE: Provincial Minister for Primary and Secondary Healthcare Khawaja Imran Nazir has said that the University of...

Published 16 May, 2024 06:28am

Pakistan

Woes can improve only after dialogue with IK: Elahi

LAHORE: President PTI Chaudhry Parvez Elahi said Pakistan’s political and economic woes can improve only after...

Published 16 May, 2024 06:28am

Pakistan

Gilgit-Baltistan: Zardari for establishing all-weather road infrastructure

ISLAMABAD: President Asif Ali Zardari has called for establishing an all-weather road infrastructure in...

Published 16 May, 2024 06:28am

Pakistan

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

RAWALPINDI: The Pakistan Army conducted successful training launch of Fatah-II Guided Rocket System with a range of...

Published 16 May, 2024 06:28am

Rates

PSX continues northbound journey

KARACHI: Pakistan Stock Exchange on Wednesday witnessed another bullish session and hit new highest-ever level on ...

Published 16 May, 2024 06:28am

Pakistan

Imran gets bail in £190m case

ISLAMABAD: The Islamabad High Court (IHC), Wednesday, granted bail to Pakistan Tehreek-e-Insaf (PTI) founder Imran...

Published 16 May, 2024 06:28am

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 16 May, 2024 06:28am

Commodities

Gold prices up

KARACHI: Gold prices on Wednesday saw a big leap on the local market but silver stood firm, traders said. The...

Published 16 May, 2024 06:28am

Energy

Investors abandon bullish case for US gasoline: Kemp

LONDON: US gasoline prices and refining margins have come under pressure as inventories deplete more slowly than...

Published 16 May, 2024 06:28am

Commodities

Malaysian palm oil futures up

JAKARTA: Malaysian palm oil futures ended up on Wednesday as the commodity’s price was seen as competitive ...

Published 16 May, 2024 06:28am

Cotton & Textile

Firm trend on cotton market

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

Published 16 May, 2024 06:28am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (May 15, 2024)...

Published 16 May, 2024 06:28am

Energy

Oil prices gain

NEW YORK: Crude prices edged up on Wednesday from a two-month low in the prior session as the market balanced...

Published 16 May, 2024 06:28am

Energy

US natural gas

NEW YORK: US natural gas futures climbed about 2% to a 15-week high on Wednesday on a drop in output and forecasts...

Published 16 May, 2024 06:28am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 23.358...

Published 16 May, 2024 06:28am

Commodities

Gold climbs

BENGALURU: Gold hit a more than three-week high on Wednesday, aided by a weaker dollar and lower Treasury yields...

Published 16 May, 2024 06:28am

Commodities

Japanese rubber futures hit on supply worries

BEIJING/TOKYO: Japanese rubber futures rallied for a third session on Wednesday, closing at its highest level in ...

Published 16 May, 2024 06:28am

Commodities

LME copper rises on bullish outlook

LONDON: London copper touched a more than two-year high on Wednesday, aided by a weaker US dollar and bullish demand...

Published 16 May, 2024 06:28am

Commodities

Iron ore slides

BEIJING: Iron ore prices extended declines into a second straight session on Wednesday, dragged down by expectations...

Published 16 May, 2024 06:28am

Companies

Esprit files for bankruptcy of European businesses

FRANKFURT: Fashion group Esprit said Wednesday it has filed for bankruptcy of its European businesses, seeking to...

Published 16 May, 2024 06:28am

Business & Finance

‘Ease of Doing Business’ and ‘One Stop Shop’: BoI’s fast-track platforms to boost investment: Aleem

ISLAMABAD: Federal Minister for Board of Investment, Privatization and Communications, Abdul Aleem Khan has said the...

Published 16 May, 2024 06:28am

Editorials

Military’s role in politics

EDITORIAL: Sparks flew in the National Assembly on Monday when Leader of the Opposition Omar Ayub accused the...

Published 16 May, 2024 06:28am

Editorials

Political uncertainty or just bad economics?

EDITORIAL: The refrain that political uncertainty is exacerbating the economic impasse due to inconsistent policies,...

Published 16 May, 2024 06:28am

Companies

BoP joins SME finance forum

LAHORE: The Bank of Punjab, a key player in Pakistan’s SME banking segment, has joined hands with SME Finance ...

Published 16 May, 2024 06:28am

Money & Banking

FBL inaugurates regional head office & flagship branch in Multan

MULTAN: Faysal Bank Limited (FBL) Pakistan’s fastest growing Islamic bank, inaugurated its Multan Regional Head...

Published 16 May, 2024 06:28am

Business & Finance

Businessmen, industrialists discuss challenges faced by investors

KARACHI: United Business Group (UBG) leaders Patron-in-Chief SM Tanveer, President Zubair Tufail, General Secretary...

Published 16 May, 2024 06:28am

Industry

Power outages severely impacting businesses, citizens alike: Shaikhani

HYDERABAD: Muhammad Farooq Shaikhani, the President of Hyderabad Chamber of Small Traders & Small Industry,...

Published 16 May, 2024 06:28am

Taxes

SPARC says seeks increased taxation on cigarettes

ISLAMABAD: Society for the Protection of the Rights of the Child (SPARC) has proposed Federal Board of Revenue (FBR)...

Published 16 May, 2024 06:28am

Business & Finance

BAT launches Global Business Solutions hub in Lahore

LAHORE: BAT, one of the world’s largest multi-category consumer goods companies, has officially launched its ...

Published 16 May, 2024 06:28am

Business & Finance

‘Pitch2Fork’: Startups from Pakistan, India & BD showcase their initiatives

LAHORE: Entrepreneurs across Pakistan, India and Bangladesh recently presented their initiatives to a panel of...

Published 16 May, 2024 06:28am

Business & Finance

IT sector: Blome says US keen to broaden ties

ISLAMABAD: The United States has expressed the desire to broaden cooperation with Pakistan in the information...

Published 16 May, 2024 06:28am

Business & Finance

Illicit cigarettes supply chain: FBR to focus on enforcement at all stages

ISLAMABAD: The Federal Board of Revenue (FBR) will now focus on enforcement at all stages of the illicit supply ...

Published 16 May, 2024 06:28am

Business & Finance

Pakistan can become a $1 trillion economy by 2035: minister

ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal said that there is a need...

Published 16 May, 2024 06:28am

Business & Finance

KPOGCL signs PCA with govt on Miran Petroleum Block

PESHAWAR: Khyber Pakhtunkhwa Oil & Gas Company Limited (KPOGCL) has signed the Petroleum Concession Agreement...

Published 16 May, 2024 06:28am

Business & Finance

Import of black tea: Govt decides to revise structure of duties, taxes

ISLAMABAD: The government has decided to revise duties and taxes structure on the import of black tea in coming...

Published 16 May, 2024 06:28am

Money & Banking

HDFC Bank, consumer stocks weigh on Indian shares

BENGALURU: Indian shares closed lower on Wednesday, dragged by top private lender HDFC Bank and consumer stocks,...

Published 16 May, 2024 06:28am

Money & Banking

Asian currencies: Malaysian ringgit hits 2-month high

BENGALURU: Asian currencies eked out modest gains on Wednesday while stocks were mixed as investors braced for a key...

Published 16 May, 2024 06:28am

Money & Banking

China’s yuan edges up

SHANGHAI: China’s yuan edged higher on Wednesday, as a report of a possible plan to ease the country’s housing...

Published 16 May, 2024 06:28am

Money & Banking

Dollar slides after US CPI data

NEW YORK: The dollar fell on Wednesday after US consumer prices rose less than expected in April, indicating...

Published 16 May, 2024 06:28am

Business & Finance

Ahsan emphasises role of growth in economic development

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal emphasized the critical...

Published 16 May, 2024 06:28am

Taxes

All services under PRA will be brought under tax net: Minister

LAHORE: In order to facilitate the documentation of the economy in Punjab, all services under the Punjab Revenue...

Published 16 May, 2024 06:28am

Companies

Digital financing in KSA: Bidaya teams up with Temenos Core and Systems Ltd

LAHORE: Bidaya Finance, to offer modern, scalable, and secure financing products and services has joined hands with...

Published 16 May, 2024 06:28am

Companies

300 foodpanda delivery riders: DLS issues learner licenses

KARACHI: foodpanda, Pakistan online delivery platform, facilitated the issuance of learner license for more than 300...

Published 16 May, 2024 06:28am

Industry

Expansion of RYK, Multan Industrial Estate Phase II approved

LAHORE: Chairman PIEDMC Javed Iqbal presided the 164th meeting of the company's Board of Directors. The board...

Published 16 May, 2024 06:28am

Industry

German firm SVP meets Maryam, discusses investment avenues

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif met Senior Vice President of a german multinational company Metro...

Published 16 May, 2024 06:28am

Industry

KCCI, NAVTTC sign MoU to enhance demand-driven skills training

KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) and National Vocational & Technical Training...

Published 16 May, 2024 06:28am

Money & Banking

Risk Associates announces Meezan Bank’s certification with PCI 3DS standard

KARACHI: Risk Associates, Pakistan’s leading PCI Qualified Security Assessor (QSA), has recently announced Meezan...

Published 16 May, 2024 06:28am

USA

US working to get American doctors out of Gaza, White House says

The Biden administration is working to get U.S. doctors out of Gaza, White House Press Secretary Karine Jean-Pierre...

Published 16 May, 2024 12:24am

World

Hezbollah says it launched drones at military base west of Israel’s Tiberias

BEIRUT: Hezbollah said it launched a drone attack at a military base west of Israel’s Tiberias on Wednesday, in the...

Published 16 May, 2024 12:19am

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