News Archives for Latest - 2024-05-31

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Archive - 2024-05-31

Business & Economy

Govt reduces petrol price by Rs4.74, HSD’s by Rs3.86 per litre

New prices come into effect from June 1, 2024

Updated 01 Jun, 2024 12:46am

Markets

Reversal in stance: SBP might opt for rate cut in upcoming MPC meeting, brokerage house says

The State Bank of Pakistan (SBP), scheduled to announce the key policy rate on June 10 (Monday), might opt for...

Updated 31 May, 2024 11:40pm

USA

Trump supporters call for riots and violent retribution after conviction verdict

Supporters of former President Donald Trump, enraged by his conviction on 34 felony counts by a New York jury,...

Updated 31 May, 2024 11:23pm

Business & Economy

Pakistan’s FY25 budget to be presented on June 10, sources say

ISLAMABAD: Pakistan will present the financial year 2024/25 annual budget on June 10, two government sources said on...

Updated 31 May, 2024 11:18pm

World

Israel offers new 'roadmap' to end Gaza war, says Biden

WASHINGTON: US President Joe Biden said Friday that Israel had offered a new roadmap towards a permanent peace in...

Published 31 May, 2024 11:13pm

Pakistan

Azerbaijan FM acknowledges Pakistan’s ‘pivotal role’ in regional stability: ISPR

Calls on Chief of Army Staff General Syed Asim Munir

Updated 31 May, 2024 11:15pm

World

WFP warns of 'apocalyptic' scenes in southern Gaza

ROME: Daily life has become "apocalyptic" in parts of southern Gaza since Israel moved into the city of Rafah, ...

Published 31 May, 2024 11:06pm

Pakistan

Pakistan battles forest fires amidst heat wave

ISLAMABAD: Authorities in Pakistan battled forest fires in multiple areas, including the capital Islamabad, on...

Updated 31 May, 2024 10:45pm

Stocks

European shares rise after US inflation data keeps Fed rate cut hopes alive

European shares rose on Friday after softer U.S. inflation data spurred hopes of interest rates cuts by the Federal...

Published 31 May, 2024 09:41pm

Stocks

London stocks end higher for third month

London stocks closed higher on Friday, logging a third straight month of gains, as investors cheered an in-line...

Published 31 May, 2024 09:37pm

Industry

PM Shehbaz seeks action plan to attract Chinese industrial investments

Premier will visit China from June 4 to 8

Published 31 May, 2024 08:55pm

Energy

Saudi Aramco completes acquisition of 40% stake in GO Pakistan

Acquisition represents energy giant first downstream retail investment in Pakistan, says company

Updated 31 May, 2024 08:28pm

Stocks

Bullish momentum at PSX, KSE-100 gains over 1,000 points

Bullish momentum was witnessed at the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 index gained over...

Updated 31 May, 2024 07:52pm

Stocks

Abu Dhabi index jumps ahead of OPEC+ meeting

Stock markets in the United Arab Emirates closed higher on Friday, with the Abu Dhabi index leading gains ahead of...

Published 31 May, 2024 07:47pm

Stocks

Dow, S&P 500 edge higher after inflation rises as expected

The benchmark S&P 500 and the blue-chip Dow inched up in choppy trading on Friday, after data showed inflation...

Published 31 May, 2024 07:44pm

Currency

Rupee strengthens marginally against US dollar

Currency settles at 278.33 against the greenback in inter-bank market

Updated 31 May, 2024 07:20pm

Europe

Ukraine can use German weapons against Russian border strikes, Berlin says

BERLIN: Germany said on Friday that Ukraine could use weapons supplied by Berlin to defend itself against attacks...

Published 31 May, 2024 07:16pm

USA

Fed seen more likely to cut rates in Sept after PCE data

The Federal Reserve is more likely to deliver a long-awaited rate cut in September after a U.S. Commerce Department...

Published 31 May, 2024 07:05pm

Middle East

Yemen’s Houthis say they launched attack on US aircraft carrier Eisenhower in Red Sea

DUBAI: Yemen’s Houthis launched a missile attack in the direction of the US aircraft carrier Eisenhower in the Red...

Published 31 May, 2024 06:59pm

Perspectives

Dubai: learning from a tourism success story

“The future belongs to those who can imagine it, design it, and execute it. It isn’t something you await, but rather...

Updated 31 May, 2024 06:45pm

Pakistan

PM Shehbaz to visit China on June 4: FO

ISLAMABAD: Prime Minister Shehbaz Sharif will visit China from June 4 to 8 on the invitation of President Xi...

Updated 31 May, 2024 06:27pm

Europe

G7 urges North Korea, Russia to ‘cease unlawful arms transfers’

ROME: G7 foreign ministers said Friday they were “gravely concerned” about deepening cooperation between Russia and...

Published 31 May, 2024 06:14pm

South Asia

China says ‘difficult’ to attend Ukraine peace talks without Russia

BEIJING: China said Friday it would be “difficult” for it to take part in a planned conference on the war in Ukraine...

Published 31 May, 2024 06:03pm

Middle East

Rescuers say Israel strike on ambulance kills medic

BEIRUT: Rescuers said a medic was killed and another wounded on Friday in an Israeli strike on one of their...

Published 31 May, 2024 05:57pm

Movies & Music

What to watch this June: ‘UmroAyyar - A New Beginning’, ‘Bad Boys: Ride or Die’, ‘A Family Affair’

Summer is already upon us as we swelter in the maddening heat, waiting for much respite. For those who are not...

Updated 31 May, 2024 05:41pm

Energy

Extreme Asian heat spurs LNG demand ahead of summer months

SINGAPORE: Extreme temperatures across Asia are driving up liquefied natural gas (LNG) demand in the region as...

Published 31 May, 2024 05:35pm

Money & Banking

India’s foreign exchange reserves ease from record high

India’s foreign exchange reserves snapped a three-week gaining streak and stood at $646.67 billion as of May 24,...

Published 31 May, 2024 05:27pm

Energy

Oil stabilises ahead of US inflation data and OPEC+ meeting

LONDON: Oil prices held steady on Friday as investors awaited U.S. inflation data for clues on the demand outlook...

Updated 31 May, 2024 05:19pm

Stocks

Indian shares see first weekly decline in three as election outcome nears

BENGALURU: Indian shares swung between gains and losses on Friday to close slightly higher but recorded their first...

Published 31 May, 2024 05:17pm

Commodities

Copper extends losses after weak factory data from China

LONDON: Copper prices fell on Friday after weak manufacturing data in top metals consumer China, but losses were...

Published 31 May, 2024 05:12pm

Commodities

Palm oil rises on export outlook; books weekly gain

KUALA LUMPUR: Malaysian palm oil futures rose on Friday and logged a weekly gain, buoyed by estimates of higher...

Published 31 May, 2024 05:10pm

Movies & Music

Backstreet Boys perform at Ambani pre-wedding celebration: report

Anant Ambani – son of Indian billionnaire Mukesh Ambani – hosted a performance by the Backstreet Boys, as part of a...

Published 31 May, 2024 04:58pm

South Asia

At least 24 dead in eastern India as temperatures soar

BHUBANESWAR: At least 24 people died of suspected heatstroke in India’s eastern states of Bihar and Odisha on...

Updated 31 May, 2024 04:57pm

Movies & Music

‘No one’s going to care about your little beautiful songs’: Arooj Aftab speaks about her new album

Grammy winning artist released new music on Friday

Published 31 May, 2024 02:46pm

Commodities

Gold price per tola increases Rs500 in Pakistan

After declining in the previous session, gold prices rose in Pakistan on Friday in line with an increase in the...

Published 31 May, 2024 02:38pm

‘Revenue-based load-shedding’: Nepra chief urges govt to alter law

The CPPA-G seeks positive adjustment of Rs 3.49 per unit to recover additional amount of Rs 29.21 billion

Updated 31 May, 2024 02:10pm

Stocks

London stocks inch higher as US, Euro inflation data loom

London stocks moved slightly higher on Friday, and were set for a third straight month of gains, as investors await...

Published 31 May, 2024 02:00pm

Sports

Real Madrid might stands in way of Dortmund fairytale in Champions League final

LONDON: Borussia Dortmund face the acid test after a fairytale run to Saturday’s Champions League final as a...

Published 31 May, 2024 01:56pm

Sports

Battle-tested Swiatek looks for French Open birthday boost

PARIS: Reigning champion Iga Swiatek will hope for an easier third round at the French Open as she turns 23 Friday...

Published 31 May, 2024 01:51pm

Business & Economy

Pakistan farmers pin poor mango crop on climate change

TANDO ALLAHYAR: Pakistan’s mangoes are normally a source of national pride and much-needed income, but farmers are...

Published 31 May, 2024 01:44pm

Stocks

Hong Kong stocks end week with a loss

HONG KONG: Hong Kong shares ended the week with another loss Friday, tracking a retreat on Wall Street even after US...

Published 31 May, 2024 01:25pm

Stocks

European stocks steady at open, before inflation data

LONDON: European stock markets steadied at the start of trading Friday and ahead of eurozone and US inflation data...

Published 31 May, 2024 12:34pm

Sports

Australia skipper Mitchell Marsh not ready to bowl for start of World Cup: coach

Australia captain Mitchell Marsh will be restricted to batting in their T20 World Cup opener against Oman, head...

Published 31 May, 2024 12:27pm

Middle East

US, UK air strikes on Yemen kill 14: Houthi TV

SANAA: The United States and Britain carried out air strikes on Yemen in what they said was a bid to degrade...

Published 31 May, 2024 12:06pm

Commodities

Dalian iron ore declines on softening near-term demand

SINGAPORE: Dalian iron ore futures extended declines on Friday as softening near-term demand and bleak factory data...

Published 31 May, 2024 11:48am

Business & Finance

China’s factory activity unexpectedly dips as property pain persists

BEIJING: China’s manufacturing activity unexpectedly fell in May, keeping alive calls for fresh stimulus as a...

Published 31 May, 2024 11:46am

South Asia

Sikh separatist contests India election from jail, a worry for government

KHADOOR SAHIB: A jailed Sikh separatist leader is contesting India’s general election from prison and drawing good...

Published 31 May, 2024 11:44am

USA

Shooting in US city of Minneapolis kills 3, including police officer

Several people were struck by gunfire that killed as many as three, including a police officer and a suspect, in the...

Published 31 May, 2024 11:35am

Mutual Funds

Japan yields set for biggest monthly rise since July as BOJ tightening eyed

TOKYO: Benchmark Japanese government bond yields rose on Friday, headed for their biggest monthly rise since last...

Published 31 May, 2024 11:14am

Real Estate

Country Garden looks to sell CXMT stake for $276mn, Bloomberg News reports

Debt-laden property developer Country Garden’s venture capital arm is looking to sell its stake in Chinese chipmaker...

Published 31 May, 2024 11:11am

Stocks

Commodity, banking stocks help Australian shares snap 3-day slide

Australian shares snapped a three-day slide on Friday in broad-based buying led by commodity and banking stocks, as...

Published 31 May, 2024 11:10am

Forex

Indian rupee to inch higher on pullback in US yields, possible inflows

MUMBAI: The Indian rupee on Friday is set to receive a boost from the dip in US Treasury yields before key inflation...

Published 31 May, 2024 11:09am

Mutual Funds

Indian bond yields little changed ahead of debt supply

MUMBAI: Indian government bond yields were largely unchanged on Friday after tracking US yields lower in early...

Published 31 May, 2024 11:08am

Forex

Australia, NZ dollars go flat, China data disappoints

SYDNEY: The Australian and New Zealand dollars took a breather on Friday after a week of choppy trading, with a...

Published 31 May, 2024 11:07am

Technology

Renault, Geely create joint venture for hybrid, combustion engines

Automaker Renault and Chinese peer Geely on Friday announced the creation of a 50-50 joint venture for hybrid and...

Published 31 May, 2024 11:05am

Stocks

Japan’s Nikkei ticks higher as US yields fall

TOKYO: Japan’s Nikkei share average inched higher on Friday from a one-month closing low in the prior session, as US...

Published 31 May, 2024 11:03am

Stocks

Indian shares edge up on broad-based gains

BENGALURU: Indian shares edged up on Friday after falling about 2% this week, helped by broad-based gains across...

Published 31 May, 2024 11:02am

Forex

Most Asian currencies mixed, stocks gain ahead of US inflation data

Most Asian currencies drifted in a narrow range on Friday but were set for monthly gains, while shares rose as...

Published 31 May, 2024 11:01am

Forex

China’s yuan slips on weak PMI as traders look ahead to US inflation data

SHANGHAI: China’s yuan weakened on Friday after an official factory survey showed the country’s manufacturing...

Published 31 May, 2024 10:58am

Business & Finance

South Korea’s central bank, pension fund in talks to expand FX swap

SEOUL: South Korea’s central bank and national pension fund are in discussions to expand their foreign exchange swap...

Published 31 May, 2024 10:56am

Commodities

Wheat heads for weekly loss as traders gauge Russian supply hit

CANBERRA: Chicago wheat futures rose on Friday helped by a weaker dollar but the market was still set for a weekly...

Published 31 May, 2024 10:54am

Bullion Rate

Gold flat ahead of US data, but set for 4th straight monthly gain

Gold prices were set for a fourth straight monthly gain, even as the market struggled for momentum on Friday ahead...

Published 31 May, 2024 10:53am

Stocks

Asia stocks gain, dollar drifts as inflation tests await

SINGAPORE: Asian stocks rose on Friday and were poised for the fourth month of gains, while the dollar drifted...

Published 31 May, 2024 10:49am

Commodities

Copper rises; monthly gains capped by profit-taking, weak China demand

BEIJING: Copper prices climbed on Friday, while heading for a moderate monthly rise as profit taking and physical...

Published 31 May, 2024 10:47am

Europe

Two injured in Ukraine air attack on oil depot in Russia’s Krasnodar, local officials say

Two people were injured when an oil depot in the Krasnodar region caught fire after a Ukraine drone strike early on...

Published 31 May, 2024 10:46am

Commodities

Palm oil opens higher; market awaits export estimates

KUALA LUMPUR: Malaysian palm oil futures rose on Friday and were on track for a weekly gain, with markets awaiting...

Published 31 May, 2024 10:43am

Europe

Russian forces firm control of offensive line near Kharkiv, officials say

Russian forces have firmed their positions in the Strilecha-Lyptsi area of Ukraine’s Kharkiv region, keeping under...

Published 31 May, 2024 10:42am

Asia

North Korea says 18-missile salvo was warning to South

SEOUL: North Korea said on Friday it had fired 18 short-range ballistic missiles during a drill as a demonstration...

Published 31 May, 2024 10:35am

Forex

Dollar regroups before inflation test; yen brushes off Tokyo CPI

TOKYO: The dollar was licking wounds against peer currencies on Friday after a downward revision to US GDP for the...

Published 31 May, 2024 09:51am

BR Research

Safe Mix Concrete Limited

Safe Mix Concrete Limited (PSX: SMCPL) was incorporated in Pakistan as a private limited company in 2005 and was...

Published 31 May, 2024 09:20am

BR Research

Rising NPLs?

“Private sector credit declines by 39.7 percent”, read the headline in this newspaper yesterday. The headline,...

Published 31 May, 2024 09:20am

Election was ‘biggest robbery’, says Imran

ISLAMABAD: Jailed former prime minister Imran Khan said on Thursday February’s national election was stolen from his...

Updated 31 May, 2024 09:19am

Final test-run report on CTBCM: Stakeholders seek adjustments in their power tariffs

ISLAMABAD: The stakeholders have sought adjustments in their electricity tariffs to accurately reflect costs and...

Updated 31 May, 2024 09:18am

Aurangzeb vows support to steel industry

ISLAMABAD: Finance Minister Muhammad Aurangzeb has said that the government is committed to supporting the local...

Updated 31 May, 2024 09:17am

BR Research

Cement’s sweltering summer

Exports may be saving the day for many cement manufacturers in FY24. The cement exports share in the total sales mix...

Published 31 May, 2024 09:06am

PSDP 2024-25: Ministry sends Rs215.998bn provisional IBC for PD

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives has conveyed the provisional Indicative...

Updated 31 May, 2024 09:00am

SECP proposes FBR to align rates of capital gain tax on sale of immovable property

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed Federal Board of Revenue (FBR) to...

Updated 31 May, 2024 08:58am

Revenue-based power load-shedding to continue: govt

ISLAMABAD: Minister for Power, Sardar Awais Leghari on Thursday acknowledged that the government is applying revenue...

Updated 31 May, 2024 08:57am

Warehouses, logistics: industry status announced

ISLAMABAD: Representatives of chambers of commerce and industry and various industrial and business associations...

Updated 31 May, 2024 08:38am

Consumers using up to 100 units in Sindh likely to get free electricity

KARACHI: Provincial minister Nasir Hussain Shah on Thursday said that a plan has been prepared to provide free...

Updated 31 May, 2024 08:37am

SECP urges FBR to reduce WHT on dividend, NBFCs & Modarabas

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has asked Federal Board of Revenue (FBR) to...

Updated 31 May, 2024 08:36am

‘Digital terrorism’ will be comprehensively defeated: army

RAWALPINDI: General Syed Asim Munir, NI (M), Chief of Army Staff (COAS), presided over the 83rd Formation Commanders...

Updated 31 May, 2024 08:36am

BR’s refresher: your morning briefing for the day

Important updates from May 30, 2024

Published 31 May, 2024 08:35am

US election: Ackman mulling supporting Trump

NEW YORK: Billionaire hedge fund manager Bill Ackman is considering endorsing Donald Trump as the former US ...

Updated 31 May, 2024 08:22am

Opinion

Why is productivity low in Pakistan?

According to Paul Krugman, productivity is not everything but in the long run, it is almost everything. The average...

Updated 31 May, 2024 07:35am

Opinion

A social democratic, green, mission-oriented budget

In contrast to the usual approach to a budget discourse based on ideas around raising taxes, and expenditure...

Updated 31 May, 2024 07:33am

Opinion

Budget & tax policy

‘The impact of economic growth on the lives of people is partly a matter of income distribution, but it also depends...

Updated 31 May, 2024 07:29am

Editorials

State of the economy

EDITORIAL: The Monthly Economic Update and Outlook for May 2024 was uploaded on the Finance Division website on 29...

Updated 31 May, 2024 07:26am

Pakistan

Dasu dam project attack: Islamabad formally asks Kabul to hand over perpetrators

ISLAMABAD: Pakistan has formally asked Afghanistan to hand over the perpetrators of the 26 March 2024 suicide attack...

Published 31 May, 2024 06:58am

World

Guilty on all counts, Donald Trump becomes first US president convicted of a crime

NEW YORK: Donald Trump became the first U.S. president to be convicted of a crime on Thursday when a New York jury...

Updated 31 May, 2024 07:00am

Pakistan

74pc of population can’t afford healthy diet owing to increased cost

ISLAMABAD: Speakers at a seminar while calling for revisiting the National Food Security Policy of the country have...

Published 31 May, 2024 06:58am

Pakistan

The Weather

KARACHI: The weather report on Thursday (May 30, 2024) and the forecast for Friday (May 31, 2024)...

Published 31 May, 2024 06:58am

World

Xi calls for Middle East peace conference

BEIJING: Chinese President Xi Jinping called on Thursday for a peace conference to end the war between Israel and...

Published 31 May, 2024 06:58am

Europe

Swedish security service says Iran uses criminal networks in Sweden

STOCKHOLM: Swedish security service SAPO said on Thursday that the Iranian government had been using criminal...

Published 31 May, 2024 06:58am

World

World Bank says 1.8m additional Ukrainians in poverty as Russia’s war drags on

WASHINGTON: The number of Ukrainians living in poverty has grown by 1.8 million since 2020, bringing the total to...

Published 31 May, 2024 06:58am

Business & Finance

Pakistan’s ‘$474bn’ renewable natural capital faces risk of depletion: World Bank

ISLAMABAD: Pakistan’s renewable natural capital, valued at $474 billion - 13.6 percent of the nation’s total...

Published 31 May, 2024 06:58am

Pakistan

Heatwave likely to unleash drought in June: Met Office

KARACHI: The relentless heatwave is anticipated to unleash flash drought in the country’s southern region in June...

Published 31 May, 2024 06:58am

Pakistan

SSGC announces 24-hour gas holiday

KARACHI: Sui Southern Gas Company has announced 24-hour Gas Holiday for all industries including their power...

Published 31 May, 2024 06:58am

Pakistan

Crackdown on gas thieves continues

KARACHI: SSGC made major inroads against the gas theft miscreants involved in commercial activities through domestic...

Published 31 May, 2024 06:58am

Pakistan

KE, Sindh govt body discusses power supply issues facing Lyari

KARACHI: KE Chief Distribution Officer Sadia Dada, along with Regional Head (Distribution) Sheikh Humayun Saghir, ...

Published 31 May, 2024 06:58am

Pakistan

Sindh govt decides to initiate ‘Hub Canal’, other projects

KARACHI: Sindh Chief Minister Syed Murad Ali Shah presiding over a cabinet meeting on Thursday approved several...

Published 31 May, 2024 06:58am

Pakistan

Allocation of barracks for beggars in jails ordered

FAISALABAD: Punjab Home Secretary Noor Ul Amin Mengal directed to allocate barracks for beggars in jails across...

Published 31 May, 2024 06:58am

Pakistan

UVAS signs MoU with Nestle

LAHORE: The University of Veterinary and Animal Sciences (UVAS) Lahore signed a Memorandum of Understanding with...

Published 31 May, 2024 06:58am

Pakistan

IT field: Lenovo urged to play role in training of youth

ISLAMABAD: A delegation of Lenovo called on Minister of State for IT and Telecommunication Shaza Fatima Khawaja on...

Published 31 May, 2024 06:58am

Pakistan

Experts advocate use of AI solutions to enhance productivity

KARACHI: Experts urged industry and academia to adopt the modern and latest tools and solutions of artificial...

Published 31 May, 2024 06:58am

World

Tribute to late Iranian president at UN stirs anger

UNITED NATIONS: The UN General Assembly drew criticism Thursday for its tribute to the late Iranian president ...

Published 31 May, 2024 06:58am

Pakistan

‘Black day’ observed against education policy

LAHORE: On the call of the Federation of All Pakistan Universities Academic Staff Associations (FAPUASA Pakistan),...

Published 31 May, 2024 06:58am

Pakistan

Sheikh Mujeeb’s propaganda video: FIA decides to examine IK’s ‘X’ account

ISLAMABAD: The Federal Instigation Agency (FIA)’s Cyber Crime Wing (CCW) has decided to hold an inquiry regarding...

Published 31 May, 2024 06:58am

Pakistan

GCC member states: ‘Visa on arrival’ will also begin soon: Aleem

ISLAMABAD: In the 5th Joint Ministerial Commission between Kuwait and Pakistan, important achievements have been ...

Published 31 May, 2024 06:58am

Pakistan

CPJ alarmed by killing of 4 journalists in Pakistan

NEW YORK: The Committee to Protect Journalists is deeply alarmed by the continued killings of journalists in...

Published 31 May, 2024 06:58am

Pakistan

Raid at franchise of mobile phone co: Gang held for illegal SIM activations

ISLAMABAD: Pakistan Telecommunication Authority (PTA) in close collaboration with Federal Investigation Agency (FIA)...

Published 31 May, 2024 06:58am

Pakistan

‘CCP imposes Rs74bn of penalties on cartels but cases still pending in courts’

ISLAMABAD: Chairman Competition Commission of Pakistan (CCP), Dr Kabir Ahmed Sidhu, Thursday said that CCP had...

Published 31 May, 2024 06:58am

Pakistan

‘There are 700,000 street children in Punjab’

LAHORE: Child trafficking, forced child labour, and early child marriage remain tragic aspects of our society and...

Published 31 May, 2024 06:58am

Pakistan

Govt to introduce uniform cleanliness system across Punjab

LAHORE: The Punjab government intends to introduce a uniform cleanliness system throughout the province and a pilot...

Published 31 May, 2024 06:58am

Pakistan

Capital’s two constituencies: IHC ET imposes fine on ROs

ISLAMABAD: An Election Tribunal of the Islamabad High Court (IHC), Thursday, imposed a fine on the returning ...

Published 31 May, 2024 06:58am

Pakistan

IK acquitted in two cases related to May 9th violence

ISLAMABAD: A local court on Thursday acquitted Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan in two cases...

Published 31 May, 2024 06:58am

Pakistan

JI appreciates Spain, Norway & Ireland

LAHORE: Jammat-e-Islami Chief Hafiz Naeem-ur-Rehman has written letters to the Prime Ministers of Spain, Norway and...

Published 31 May, 2024 06:58am

Pakistan

KE’s bogus claims: JI urges Nepra to hold investigations

KARACHI: Jamaat-e-Islami (JI) on Thursday called for the Nepra's investigations into the K-Electric's "bogus claims"...

Published 31 May, 2024 06:58am

Pakistan

PTI’s plea: LHC overrules office objection

LAHORE: The Lahore High Court on Thursday overruled an office objection on a petition of the PTI against the power ...

Published 31 May, 2024 06:58am

Pakistan

Punjab cabinet’s decision: LHC sustains objection on IK’s plea

LAHORE: The Lahore High Court on Thursday sustained an office objection on a petition of former PTI chairman Imran...

Published 31 May, 2024 06:58am

Pakistan

Mashhood launches AI platform at HEC

ISLAMABAD: Rana Mashhood Ahmed Khan, chairman Prime Minister’s Youth Programme (PMYP) launched on Thursday the...

Published 31 May, 2024 06:58am

Pakistan

Public rallies: PTI Chairman moves LHC

LAHORE: PTI Chairman Gohar Khan has approached the Lahore High Court seeking permission to hold public rallies. The...

Published 31 May, 2024 06:58am

Pakistan

Attack on Khawar Maneka: PTI lawyers booked under terrorism charges

ISLAMABAD: The city police on Thursday registered a case against Pakistan Tehreek-e-Insaf (PTI) lawyers under...

Published 31 May, 2024 06:58am

Pakistan

PTI slams registration of cases against legal team

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Thursday rejected the registration of false, concocted and baseless...

Published 31 May, 2024 06:58am

Pakistan

Punjab EOC issues heatwave advisory to polio workers

LAHORE: Amid intense heatwave persisting all over the province, Punjab Emergency Operations Centre (EOC) has issued...

Published 31 May, 2024 06:58am

Pakistan

Punjab ESD to launch new projects for 2024-25

LAHORE: The Punjab Emergency Services Department is going to launch new projects in the fiscal year 2024–25...

Published 31 May, 2024 06:58am

Pakistan

Judgment on NAO 1999: SC dismisses KP’s plea for live-stream proceeding of ICA

ISLAMABAD: The Supreme Court by a majority of 4-1 dismissed Khyber-Pakhtunkhwa’s petition to live-stream the...

Published 31 May, 2024 06:58am

Pakistan

UN team visits LWMC

LAHORE: The United Nations Living Indus Project Team visited the Lahore Waste Management Company (LWMC) on Thursday...

Published 31 May, 2024 06:58am

Pakistan

Two brothers killed

KARACHI: A shooting incident in the Jamshed Quarter area resulted in the deaths of two brothers and left two others...

Published 31 May, 2024 06:58am

Pakistan

Heatwave relief camp inaugurated at SSUET

KARACHI: Heat Wave Relief Camp was inaugurated by the Registrar of Sir Syed University of Engineering &...

Published 31 May, 2024 06:58am

Pakistan

50 injured in Hyderabad LPG shop blast

KARACHI: At least 50 people, mostly children, received burn injuries in a major blast at a liquid petroleum gas...

Published 31 May, 2024 06:58am

Pakistan

Delay in payment of refunds major area of concern for FTO’s office: Jah

ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has said the taxpayers are fully confident to obtain ...

Published 31 May, 2024 06:58am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (May 30, 2024). ==================================== BR...

Published 31 May, 2024 06:58am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (May 30, 2024). ======================================= Offset...

Published 31 May, 2024 06:58am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (May 30, 2024)...

Published 31 May, 2024 06:58am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 30, 2024)....

Published 31 May, 2024 06:58am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (May 30, 2024)....

Published 31 May, 2024 06:58am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (May 30, 2024). ======================== Open Bid Rs...

Published 31 May, 2024 06:58am

Forex

Open market rates of foreign currencies

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

Published 31 May, 2024 06:58am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (May 30, 2024). ========================== KIBOR...

Published 31 May, 2024 06:58am

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 31 May, 2024 06:58am

Rates

LME official prices

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

Published 31 May, 2024 06:58am

Opinion

PARTLY FACETIOUS: Maneka’s claim

“I hear Greedy for Portfolios Samdhi (GPS) has his heart set on it.” “He ain’t getting the Finance Ministry...

Published 31 May, 2024 06:58am

Letters

‘Railways in a mess’

This is apropos a Business Recorder editorial “Railways in a mess” carried by the newspaper yesterday. The...

Published 31 May, 2024 06:58am

Energy

Ogra yet to revise per kg price of LPG

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has yet to revise per kg price of liquefied petroleum gas...

Published 31 May, 2024 06:58am

Energy

US natgas prices slide on bigger-than-expected storage build

NEW YORK: US natural gas futures slid about 2% on Thursday on signs some drillers were starting to pull more gas out...

Published 31 May, 2024 06:58am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 177,732 tonnes of cargo comprising 110,096 tonnes of import cargo and 67,636...

Published 31 May, 2024 06:58am

Grains

Chicago Wheat futures slip further

CANBERRA: Chicago wheat futures on Thursday fell further from 10-month highs, as traders assessed whether forecast...

Published 31 May, 2024 06:58am

Stocks

Indian shares fall on weak global cues

BENGALURU: Indian shares fell for a fifth straight session on Thursday, pressured by weakness in global peers, while...

Published 31 May, 2024 06:58am

Stocks

Japan’s Nikkei ends at one-month low

TOKYO: Japan’s Nikkei share average ended lower for a third consecutive session on Thursday, tracking the headwind...

Published 31 May, 2024 06:58am

Stocks

Wall St slips as Salesforce drags on tech

NEW YORK: US stock indexes fell on Thursday, with a plummeting Salesforce weighing on the Dow, while data showing ...

Published 31 May, 2024 06:58am

Stocks

Most Gulf bourses rise; Saudi hits 5-month low

DUBAI: Most stock markets in the Gulf reversed early losses to end higher on Thursday, ahead of key US inflation ...

Published 31 May, 2024 06:58am

Stocks

China, HK stocks drop

HONG KONG: China stocks edged down and Hong Kong stocks declined on Thursday, as investors booked profit from...

Published 31 May, 2024 06:58am

Pakistan

PAKSAT-MM1 launched successfully

ISLAMABAD: Pakistan, Thursday, launched its second satellite this month - this time Multi Mission Communication...

Published 31 May, 2024 06:58am

Rates

PSX ekes out gains

KARACHI: Pakistan Stock Exchange on Thursday witnessed a mixed trend and after moving both ways, closed on slightly...

Published 31 May, 2024 06:58am

Commodities

Govt to import 200,000 tons of urea fertiliser

ISLAMABAD: To ensure an uninterrupted supply of fertilisers to the farmers, the government of Pakistan will import...

Published 31 May, 2024 06:58am

Commodities

Gold prices see sizeable fall

KARACHI: Gold prices on Thursday saw a sizeable fall on the local market but silver stood its ground, traders said....

Published 31 May, 2024 06:58am

Commodities

UAF will cultivate soyabean on 100,000 acres of land

LAHORE: The University of Agriculture, Faisalabad (UAF) will cultivate soyabean on 100,000 acres of land to promote...

Published 31 May, 2024 06:58am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR24.513...

Published 31 May, 2024 06:58am

Commodities

Gold rebounds as dollar, bond yields retreat after US data

BENGALURU: Gold prices eked out gains on Thursday as the dollar and Treasury yields slipped after US economic data...

Published 31 May, 2024 06:58am

Cotton & Textile

Trading activity improves slightly on cotton market

LAHORE: The trading volume in the local cotton market on Thursday improved a little bit. Cotton Analyst Naseem ...

Published 31 May, 2024 06:58am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (May 30, 2024)...

Published 31 May, 2024 06:58am

Commodities

Copper stumbles as funds liquidate amid rate worries

LONDON: Copper prices slid on Thursday as funds sold off bullish positions, triggered by concerns that high interest...

Published 31 May, 2024 06:58am

Commodities

Malaysian palm oil falls on profit-taking

KUALA LUMPUR: Malaysian palm oil futures closed lower on Thursday on profit-taking and weakness in rival Chicago...

Published 31 May, 2024 06:58am

Commodities

Asia rice: Thai, Vietnam rates ease on soft demand

BENGALURU/MUMBAI/BANGKOK/HANOI AND BANGLADESH: Prices of rice exported from Thailand and Vietnam edged lower this...

Published 31 May, 2024 06:58am

Energy

Oil falls as US reports surprise fuel build, weak demand

NEW YORK: Oil prices fell again on Thursday, after the US government reported weak fuel demand in the country and a...

Published 31 May, 2024 06:58am

Commodities

Asia coffee: Trade tepid in Vietnam, Indonesian premiums fall

HANOI/BANDAR LAMPUNG, (Indonesia): Trade activities were tepid in Vietnam this week on low supplies and high prices,...

Published 31 May, 2024 06:58am

Commodities

Iron ore slips after China reiterates steel output control

SINGAPORE/BEIJING: Iron ore futures prices slipped on Thursday, undermined by fears of falling demand in top ...

Published 31 May, 2024 06:58am

Cotton & Textile

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Thursday (May 30, 2024) =========================== 6/S-7/S (COTTON)...

Published 31 May, 2024 06:58am

Business & Finance

Govt urged to take steps aimed at arresting capital flight

KARACHI: Pakistan Business Forum (PBF) Central Vice President Ahmad Jawad said Pakistan’s economy needed short as...

Published 31 May, 2024 06:58am

Business & Finance

Digital payments at cattle markets: SBP enhances transaction limits

KARACHI: To facilitate digital payments at the cattle markets for the sale of sacrificial animals for the upcoming...

Published 31 May, 2024 06:58am

Editorials

Attack on a school for girls

EDITORIAL: Some unidentified men torched a girls’ middle school in Razmak region of North Waziristan on Tuesday...

Published 31 May, 2024 06:58am

Business & Finance

SECP will not issue registration certificate of ‘NOP’ to INGOs

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) will not issue registration certificates of...

Published 31 May, 2024 06:58am

Taxes

‘Defenders’ take ‘deemed income’ as tax on income, not on property

LAHORE: The “defenders” of the concept of ‘deemed income’ take it as a tax on income and not on property,...

Published 31 May, 2024 06:58am

Money & Banking

Europe’s STOXX 600 dips as rate worries linger

PARIS: European shares slipped for a third straight session on Thursday ahead of further economic data from the euro...

Published 31 May, 2024 06:58am

Money & Banking

Rupee halts 3-day losing streak on flows

MUMBAI: The Indian rupee ended higher on Thursday, halting a three-day losing streak, supported by dollar inflows...

Published 31 May, 2024 06:58am

Money & Banking

Dollar drifts lower after revised data

NEW YORK: The dollar fell on Thursday after revised data showed that gross domestic product - the broadest measure ...

Published 31 May, 2024 06:58am

Business & Finance

Aurangzeb briefs Gilani about Federal Budget

ISLAMABAD: As the federal budget is drawing near, the economic czar of the ruling Pakistan Muslim League-Nawaz...

Published 31 May, 2024 06:58am

Industry

Largest container vessel ever: KPT announces historic arrival of ‘MSC ANNA’

KARACHI: The Karachi Port Trust (KPT) announced the historic arrival of MSC ANNA, the largest container vessel ever...

Published 31 May, 2024 06:58am

Industry

Maryam visits Quaid-e-Azam Business Park

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif said on Thursday that they want to solve problems of the business...

Published 31 May, 2024 06:58am

Industry

PHDEC’s mango bagging initiative boosts mango industry

LAHORE: The Pakistan Horticulture Development & Export Company (PHDEC) distributed about 70,000 bags in Sindh ...

Published 31 May, 2024 06:58am

Industry

FDA-only products: Punjab’s centralised tender conditioning ignites controversy

ISLAMABAD: The government of Punjab has conditioned the cardiac disposables and consumables products only...

Published 31 May, 2024 06:58am

Business & Finance

China vows support to manufacturing sector

ISLAMABAD: China is dedicated to assisting Pakistan in enhancing its manufacturing sector and export capabilities,...

Published 31 May, 2024 06:58am

Business & Finance

Pakistan, Azerbaijan resolve to strengthen strategic ties

ISLAMABAD: Pakistan and Azerbaijan on Thursday agreed to enhance their multifaceted cooperation in the areas of...

Published 31 May, 2024 06:58am

Business & Finance

CDWP recommends two projects to Ecnec

ISLAMABAD: The Central Development Working Party (CDWP) here on Thursday recommended two projects worth Rs609.45...

Published 31 May, 2024 06:58am

Cricket

England overwhelm Pakistan in final T20 before World Cup defence

LONDON: Reigning champions England produced a fine all-round display with both bat and ball as they beat Pakistan by...

Updated 31 May, 2024 02:40am

World

Hamas says it is ready for a ‘complete agreement’ if Israel stops war

Hamas said on Thursday it had told mediators it would not take part in more negotiations during ongoing aggression...

Published 31 May, 2024 12:32am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 5	277.95
USD PKR Interbank Buying / Aug 5	277.75
USD to Japanese Yen / Aug 6	157.77
USD to Swiss Franc / Aug 6	0.81
Pound Sterling to USD / Aug 6	1.35
Euro to USD / Aug 6	1.15
SOFR % / Aug 5	3.66

Stock	Volume
S&P 500 / Aug 5	7,723.55
Nasdaq / Aug 5	26,363.44
Dow Jones / Aug 5	54,349.12
India Sensex / Aug 6	78,733.83
Tokyo Nikkei / Aug 6	65,266.67
Hang Seng / Aug 6	25,455.75
FTSE 100 / Aug 6	10,904.77
Germany DAX 30 / Aug 6	26,081.89
France CAC40 / Aug 6	8,726.90

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 5	18,780
Gold 10 Grams PKR / Aug 5	375,459
Petrol/Litre / Aug 6	333.01
Crude Oil USD/Barrel / Aug 6	74.78
Gold Spot USD/Ounce / Aug 6	4,250.14
Diesel/Litre / Aug 6	383.86
Cotton US¢/pound / Aug 6	82.86

Gainers
Losers
Leaders

Stock	Price
Dawood Equities / Aug 6 Dawood Equities Limited(DEL)	22.17 ▲ 2.02 (10.02%)
Asim Textile / Aug 6 Asim Textile Mills Limited(ASTM)	56.19 ▲ 5.11 (10%)
Buxly Paints / Aug 6 Buxly Paints Limited(BUXL)	208.65 ▲ 18.97 (10%)
J.A.Textile / Aug 6 J.A. Textile Mills Limited(JATM)	56.74 ▲ 5.16 (10%)
Tata Textile / Aug 6 Tata Textile Mills Limited(TATM)	145.11 ▲ 13.19 (10%)
East West Ins. / Aug 6 East West Insurance Company Limited(EWIC)	66.57 ▲ 6.05 (10%)
First Tri-Star Mod. / Aug 6 First Tri-Star Modaraba(FTSM)	42.17 ▲ 3.83 (9.99%)
Supernet Tech. / Aug 6 Supernet Technologies Limited(STL)	43.44 ▲ 3.91 (9.89%)
Nishat Chun.Pow. / Aug 6 Nishat Chunian Power Limited(NCPL)	61.92 ▲ 5.5 (9.75%)
Nishat Power / Aug 6 Nishat Power Limited(NPL)	72.18 ▲ 6.41 (9.75%)

Stock	Price
MACPAC Films / Aug 6 MACPAC Films Limited(MACFL)	63.43 ▼ -7.05 (-10%)
Pak. P.V.C. / Aug 6 Pakistan PVC Limited(PPVC)	24.34 ▼ -2.55 (-9.48%)
786 Invest Ltd / Aug 6 786 Investments Limited(786)	26.06 ▼ -2.51 (-8.79%)
Diamond Ind. / Aug 6 Diamond Industries Limited(DIIL)	59.76 ▼ -4.74 (-7.35%)
Redco Textile / Aug 6 Redco Textiles Limited(REDCO)	31.07 ▼ -2.3 (-6.89%)
Trust Mod. / Aug 6 Trust Modaraba(TRSM)	20.25 ▼ -1.31 (-6.08%)
Olympia Mills / Aug 6 Olympia Mills Limited(OML)	101.94 ▼ -6.35 (-5.86%)
Jauharabad Sug / Aug 6 Jauharabad Sugar Mills Limited(JSML)	62.56 ▼ -3.03 (-4.62%)
Dadabhoy Cement / Aug 6 Dadabhoy Cement Industries Limited(DBCI)	15.35 ▼ -0.66 (-4.12%)
Shadman Cotton / Aug 6 Shadman Cotton Mills Limited(SHCM)	54.66 ▼ -2.35 (-4.12%)

Stock	Volume
B.O.Punjab / Aug 6 The Bank of Punjab(BOP)	66,023,844 ▲ 1.25
Unity Foods Ltd / Aug 6 Unity Foods Limited(UNITY)	62,508,135 ▲ 0.76
Cnergyico PK / Aug 6 Cnergyico PK Limited(CNERGY)	56,219,311 ▲ 0.19
Trust Sec.& Brok. / Aug 6 Trust Securities & Brokerage Limited(TSBL)	32,748,672 ▼ -0.07
Maple Leaf Cement / Aug 6 Maple Leaf Cement Factory Limited(MLCF)	30,408,553 ▲ 5.15
Pace (Pak) Ltd. / Aug 6 Pace (Pakistan) Limited(PACE)	26,004,112 ▲ 0.19
WorldCall Telecom / Aug 6 Worldcall Telecom Limited(WTL)	22,085,414 ▼ -0.02
Pak Int.Bulk / Aug 6 Pakistan International Bulk Terminal(PIBTL)	20,540,858 ▲ 0.12
TPL Properties / Aug 6 TPL Properties Limited(TPLP)	16,352,135 ▲ 0.19
Cres.Star Ins. / Aug 6 Crescent Star Insurance Limited(CSIL)	15,096,693 ▲ 0.34