News Archives for Print - 2024-04-18

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Print - 2024-04-18

24th ITCN Asia 2024: Zohaib highlights IT, ITeS investment prospects

ISLAMABAD: The country is expecting leads and Memorandums of Understanding (MoUs) worth around $500 million in IT ...

Published 18 Apr, 2024 03:24am

Israel reserves ‘right to protect itself’ after Iran attack: Netanyahu

JERUSALEM: Israel’s Prime Minister Benjamin Netanyahu said Wednesday his country will decide how to respond to...

Published 18 Apr, 2024 03:24am

Europe

Russian missile barrage on Ukraine city kills 17

CHERNIGIV (Ukraine): Three Russian missiles crashed into Ukraine’s historic city of Chernigiv on Wednesday, ...

Published 18 Apr, 2024 03:24am

Energy

Conversion of power plants o Thar coal: PM urges Shanghai Group to invest

ISLAMABAD: Prime Minister Shehbaz Sharif has invited the Shanghai Electric Group to invest in shifting imported...

Published 18 Apr, 2024 03:24am

Toshakhana case: Nawaz given a clean chit by NAB

ISLAMABAD: The National Accountability Bureau (NAB) has given a clean chit to Pakistan Muslim League-Nawaz (PML-N)...

Updated 18 Apr, 2024 10:03am

ChildLife Foundation expands emergency services to KPK, AJK

ISLAMABAD: The ChildLife Foundation after successfully reshaping the children's emergency rooms in Sindh,...

Published 18 Apr, 2024 03:24am

Higher taxes lower cigarette consumption: study

ISLAMABAD: The consumption of cigarettes in Pakistan has witnessed a decline after the government took a bold...

Published 18 Apr, 2024 03:24am

IK condemns recent events in Bahawalnagar

ISLAMABAD: The incarcerated former prime minister Imran Khan on Wednesday condemned the recent events in...

Published 18 Apr, 2024 03:24am

Post-May 9 atrocities: IK urged to consider return of leaders

LAHORE: PTI Punjab president Dr Yasmin Rashid, former Punjab Governor Umar Sarfraz Cheema and Senator Ejaz Chaudhry...

Published 18 Apr, 2024 03:24am

Stealing of credentials from cryptocurrency wallets: Individuals asked to use comprehensive security solution

ISLAMABAD: A leading cybersecurity company has advised individuals to use a comprehensive security solution for ...

Published 18 Apr, 2024 03:24am

Saudi Arabia’s role in IK’s ouster: PTI distances itself from Marwat’s views

ISLAMABAD: The central leadership of Pakistan Tehreek-e-Insaf (PTI) on Wednesday distanced itself from the views...

Published 18 Apr, 2024 03:24am

Chinese ambassador meets Dar

ISLAMABAD: Ambassador of China to Pakistan Jiang Zaidong called on Foreign Minister Ishaq Dar on Wednesday....

Published 18 Apr, 2024 03:24am

Developing the semiconductor industry

After being a part of the team that developed Intel’s Pentium microprocessor, I returned to my motherland in the...

Published 18 Apr, 2024 03:24am

Prior to voluntary retirement: FD asks PAOs, officers to give 3-month notice

ISLAMABAD: The Finance Division has asked all the Principal Accounting Officers (PAOs), retiring officers and...

Published 18 Apr, 2024 03:24am

Pakistan-West Indies ODI series starts today

LAHORE: Pakistan women’s team will aim to earn maximum points in the upcoming ICC Women’s Championship 2022-25...

Published 18 Apr, 2024 03:24am

Punjab govt to amend Local Govt Act 2022

LAHORE: The Punjab government has decided to amend the Local Government Act 2022 to remove the discrepancies after...

Published 18 Apr, 2024 03:24am

ATC cancels arrest warrants for Khadija Shah

LAHORE: An Anti-Terrorism Court (ATC) on Wednesday cancelled arrest warrants of PTI activist Khadija Shah in Askari...

Published 18 Apr, 2024 03:24am

PARTLY FACETIOUS: Our economic team in Washington

“Minister of Finance’s successful trip to Washington, DC…” “Why don’t you wait before passing judgement...

Published 18 Apr, 2024 03:24am

Maryam meets MPAs

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif had a meeting with the Members of Provincial Assembly (MPAs) from...

Published 18 Apr, 2024 03:24am

10,000 tandoors inspected; 423 violators arrested

LAHORE: The Punjab Food Department (PFD) inspected over 10,000 locations during last two days to ensure availability...

Published 18 Apr, 2024 03:24am

Taxes

Critics say concept of ‘deemed’ income alien to income tax law

LAHORE: The critics of the concept of deemed income have termed it discriminatory, saying that it provides certain...

Published 18 Apr, 2024 03:24am

There are no restrictions on foreign tourists: KPCTA

PESHAWAR: The Khyber Pakhtunkhwa Culture and Tourism Authority (KPCTA) Director General Barkatullah Marwat has said...

Published 18 Apr, 2024 03:24am

Saudi delegation’s visit: Tarar optimistic about diplomatic, economic endeavours

ISLAMABAD: Federal Minister of Information and Broadcasting Attaullah Tarar, on Wednesday, expressed optimism...

Published 18 Apr, 2024 03:24am

Sindh Governor administers oath to eight more ministers

KARACHI: Sindh Governor Kamran Khan Tessori on Wednesday administered oath to eight more ministers as the provincial...

Published 18 Apr, 2024 03:24am

PARTLY FACETIOUS: Our economic team in Washington

“Minister of Finance’s successful trip to Washington, DC…” “Why don’t you wait before passing judgement...

Published 18 Apr, 2024 03:24am

Aseefa Bhutto, Zubair Junejo elected unopposed: By-polls to be held for remaining 21 seats on 21st

ISLAMABAD: With Aseefa Bhutto Zardari and Zubair Junejo, both from Pakistan People’s Party (PPP), elected ...

Published 18 Apr, 2024 03:24am

Country braces for another spell of rains, storms: NDMA

ISLAMABAD: The National Disaster Management Authority (NDMA), Wednesday, in a fresh advisory said that Pakistan was...

Published 18 Apr, 2024 03:24am

President to address joint-sitting today

ISLAMABAD: President Asif Ali Zardari today (Thursday) will address the joint sitting of the Parliament. Under...

Published 18 Apr, 2024 03:24am

Ministry explains to court why ban on ‘X’ is necessary

ISLAMABAD: The Interior Ministry informed the Islamabad High Court (IHC) that the ban on social networking site, X,...

Published 18 Apr, 2024 03:24am

Ending hopium—II

SIFC (Special Investment Facilitation Council) and the last Caretaker Government had taken the elephant steps on...

Published 18 Apr, 2024 03:24am

Brent and Bibi

Two bunch of people would have started this week with long faces. One, swing traders with long Brent positions...

Published 18 Apr, 2024 03:24am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (April 17, 2024). ==================================== BR...

Published 18 Apr, 2024 03:24am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 17, 2024)....

Published 18 Apr, 2024 03:24am

Rates

LME official prices

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

Published 18 Apr, 2024 03:24am

The Weather

KARACHI: The weather report on Wednesday (April 17, 2024) and the forecast for Thursday (April 18, 2024)...

Published 18 Apr, 2024 03:24am

Letters

Iran deserves a lot of praise

The Iranian attack on Israel has generated a diverse reaction in the diverse world public. According to Press TV,...

Published 18 Apr, 2024 03:24am

Palestine exposes the Orwellian freedom & Western democracy

In Shakespeare’s Hamlet, Polonius inquires, “What do you read my Lord? Words, words, words” Hamlet replies. This...

Published 18 Apr, 2024 03:24am

Stocks

Seoul, Tokyo vow ‘appropriate action’ on weak yen and won

SEOUL: South Korea and Japan shared “serious concerns” on the recent weakness of their currencies against the...

Published 18 Apr, 2024 03:24am

Stocks

Wall St slips as dour earnings, chip stocks weigh

NEW YORK: Wall Street’s main indexes fell in choppy trading on Wednesday with chip stocks among the top losers,...

Published 18 Apr, 2024 03:24am

Stocks

Adidas, LVMH steer European shares higher on earnings relief

PARIS: European shares gained on Wednesday after a bruising sell-off in the previous session, supported by healthy...

Published 18 Apr, 2024 03:24am

Stocks

China stocks jump over delisting rules

HONG KONG: China stocks jumped on Wednesday, with Shanghai Composite index marking the biggest daily gain in 10...

Published 18 Apr, 2024 03:24am

Stocks

Nikkei ends below 38,000 points for first time since February

TOKYO: Japan’s Nikkei share average dropped for a third straight day on Wednesday to end below 38,000 points for...

Published 18 Apr, 2024 03:24am

Stocks

Profit hunting persists

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

Published 18 Apr, 2024 03:24am

Energy

Discos: minister irked by over-billing

KARACHI: Sindh Provincial Minister for Energy Syed Nasir Shah has expressed anger and concern over over-billing to...

Published 18 Apr, 2024 03:24am

Stocks

Reporting: PSX issues ‘ESG Primer’ for listed cos

KARACHI: Pakistan Stock Exchange (PSX) has taken yet another major step in realising its vision of ESG readiness for...

Published 18 Apr, 2024 03:24am

Rates

Activities of Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 136,024 tonnes of cargo comprising 127,507 tonnes of import cargo and 8,517...

Published 18 Apr, 2024 03:24am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (April 17, 2024)...

Published 18 Apr, 2024 03:24am

Cotton & Textile

Slow business activity on cotton market

LAHORE: The local cotton market on Wednesday remained dull and the trading volume remained notably low. Cotton...

Published 18 Apr, 2024 03:24am

Commodities

Copper, aluminium climb as dollar slips

LONDON: Copper and aluminium prices rose in London on Wednesday as support from a weaker US dollar offset concerns...

Published 18 Apr, 2024 03:24am

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 18 Apr, 2024 03:24am

Forex

Open market rates of foreign currencies

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

Published 18 Apr, 2024 03:24am

Forex

Dollar's rate in Interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (April 17, 2024). ======================== Open Bid...

Published 18 Apr, 2024 03:24am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (April 17, 2024)....

Published 18 Apr, 2024 03:24am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (April 17, 2024)...

Published 18 Apr, 2024 03:24am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (April 17, 2024). ======================================= Offset...

Published 18 Apr, 2024 03:24am

Demand & supply side: More work needs to be done: IMF official

ISLAMABAD: The monetary policy has been tightening over the past two or three years in Pakistan to control...

Updated 18 Apr, 2024 09:24am

Global financial leaders vow support for Pakistan

WASHINGTON: Leading global financial organisations including the World Bank (WB), Asian Development Bank (ADB) and...

Updated 18 Apr, 2024 09:56am

World Bank concerned over delay in EDEIP completion for 3 Discos

ISLAMABAD: The World Bank (WB) has raised alarm at the delay in completion of Electricity Distribution Efficiency...

Updated 18 Apr, 2024 10:11am

Budget: body formed to firm up proposals

PM Shehbaz Sharif constitutes 11-member ministerial committee headed by Finance Minister Muhammad Aurangzeb to deliberate upon and firm up proposals for budget 2024-25

Updated 18 Apr, 2024 09:46am

APTMA tells finance minister how it looks at new IMF programme

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has said that the terms of new programme with...

Updated 18 Apr, 2024 09:24am

Ministries, divisions told to surrender funds on May 15th

ISLAMABAD: The Finance Ministry has directed all the ministries and divisions to surrender the current financial...

Updated 18 Apr, 2024 09:47am

Taxes

E-filers face problems after new amendments to ST rules

KARACHI: Taxpayers are facing difficulties in e-filing sales tax returns after new amendments to the Sales Tax Rules...

Published 18 Apr, 2024 03:24am

FCA: CPPA-G plans to ‘extract’ Rs23bn from consumers

ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) has planned to extract about Rs 23 billion from...

Updated 18 Apr, 2024 09:25am

Aurangzeb-led team to meet US official Donald Lu?

ISLAMABAD: Finance Minister Muhammad Aurangzeb, who is currently in Washington attending World Bank-IMF Spring...

Updated 18 Apr, 2024 09:26am

‘Kindly refrain from emailing Mr. Porter and Ms. Kozack...,’ IMF tells BR

ISLAMABAD: What is the maximum possible International Monetary Fund (IMF) fresh programme loan that can be extended...

Updated 18 Apr, 2024 09:59am

SAB to link surplus sugar export to price stability in country

ISLAMABAD: The Sugar Advisory Board (SAB), Wednesday, decided to link the export of surplus sugar with its price...

Updated 18 Apr, 2024 09:26am

Taxes

Jul’23-Feb’24 period: SRB collection grows 33pc to Rs145.3bn YoY

KARACHI: The Sindh Revenue Board (SRB) has continued its impressive revenue collection performance, securing Rs...

Updated 18 Apr, 2024 09:45am

JP Morgan seminar: Aurangzeb outlines three key reform areas

ISLAMABAD: Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Wednesday said the government is...

Published 18 Apr, 2024 03:24am

IMF detects hike in govt expenditure

ISLAMABAD: The International Monetary Fund (IMF) has projected an increase of 0.7 percent in the government...

Published 18 Apr, 2024 03:24am

Commodities

Iron ore posts gains

BEIJING: Iron ore futures rebounded on Wednesday to hit a more than five-week high, helped by an improving steel...

Published 18 Apr, 2024 03:24am

Commodities

Japanese rubber futures down

SINGAPORE: Japanese rubber futures edged down on Wednesday, as investors flocked to safe-haven assets amid ...

Published 18 Apr, 2024 03:24am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 26.704...

Published 18 Apr, 2024 03:24am

Commodities

Malaysian palm oil extends losses

BEIJING: Malaysian palm oil futures closed lower on Wednesday for a fourth straight session, slipping to their ...

Published 18 Apr, 2024 03:24am

Commodities

Chicago soybean futures lower

CANBERRA: Chicago soybean futures on Wednesday hovered above four-year lows as a strengthening dollar made US ...

Published 18 Apr, 2024 03:24am

Commodities

Gold drifts higher

BENGALURU: Gold prices firmed on Wednesday as geopolitical turmoil in the Middle East spurred safe-haven demand, but...

Published 18 Apr, 2024 03:24am

IMF says global debt levels face ‘Great Election Year’ risk

WASHINGTON: The path towards sustainable government debt levels around the world is under threat this year from the...

Published 18 Apr, 2024 03:24am

Decline in inflation

EDITORIAL: Federal Finance Minister Muhammad Aurangzeb while addressing a think-tank in Washington DC stated that...

Published 18 Apr, 2024 03:24am

Pak-Saudi relationship is alive and kicking

EDITORIAL: The April 15-16 visit of a high-powered Saudi delegation – headed by Foreign Minister Prince Faisal bin...

Published 18 Apr, 2024 03:24am

Industry

Churra made chairman of FPCCI body

KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...

Published 18 Apr, 2024 03:24am

Industry

Contribution of French firms to Pak economy lauded

ISLAMABAD: Ambassador of France to Pakistan Nicolas Galey on Wednesday commended the French companies’...

Published 18 Apr, 2024 03:24am

Industry

SAI terms hike in oil prices tragic for economy

KARACHI: Muhammad Kamran Arbi, President of SITE Association of Industry (SIA), has said the recent increase in POL...

Published 18 Apr, 2024 03:24am

Companies

PMPKL demands govt deal with growing challenge of illegal cigarettes

ISLAMABAD: Philip Morris Pakistan Limited (PMPKL) on Wednesday disclosed that the total share of illicit cigarettes...

Published 18 Apr, 2024 03:24am

Industry

SECP registers Salaam Family Takaful Ltd as first-ever digital operator

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered Salaam Family Takaful Limited as...

Published 18 Apr, 2024 03:24am

Industry

Front-running: SECP files complaint against two individuals

ISLAMABAD: The Securities and Exchange Commissions of Pakistan (SECP) has filed a criminal complaint against two...

Published 18 Apr, 2024 03:24am

Industry

Petroleum products: FPCCI urges govt to ensure price stability

LAHORE: In a recent statement, Atif Ikram Sheikh, President of FPCCI, emphasized the necessity for the government to...

Published 18 Apr, 2024 03:24am

Money & Banking

Dollar eases, still close to 5-1/2 month high

NEW YORK: The dollar eased from near 5-1/2-month highs on Wednesday as Federal Reserve officials reiterated the...

Published 18 Apr, 2024 03:24am

Taxes

Tax Law (First Amendment) Bill likely to be approved today

ISLAMABAD: The cabinet committee for disposal of legislative cases is likely to approve Tax Law (First Amendment)...

Published 18 Apr, 2024 03:24am

Industry

Economic developments: PBS develops calendar to release ‘QNAs’

ISLAMABAD: The Pakistan Bureau of Statistics (PBS) has developed a dissemination and revision policy while...

Published 18 Apr, 2024 03:24am

Companies

Tapal Tea transits from SAP S/4HANA On-premise to RISE with SAP

KARACHI: Tapal Tea enters a strategic collaboration and moves towards digital transformation by transitioning from...

Published 18 Apr, 2024 03:24am

Taxes

New customs’ values on import of soybean meal (non-GMO) fixed

ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new Customs values on the import of Soyabean...

Published 18 Apr, 2024 03:24am

Money & Banking

Q1CY24: SBP imposes Rs775.542m penalties on banks, FIs

KARACHI: The State Bank of Pakistan (SBP) has imposed Rs 775.542 million penalties on banks and financial...

Published 18 Apr, 2024 03:24am

Money & Banking

BD operations/assets: BAFL board approves Bank Asia’s offer

KARACHI: The Board of Directors of Bank Alfalah Limited has accorded its approval/acceptance, in principle, to the...

Published 18 Apr, 2024 03:24am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	278.50
USD PKR Interbank Buying / May 20	278.30
USD to Japanese Yen / May 21	156.44
USD to Swiss Franc / May 21	0.91
Pound Sterling to USD / May 21	1.27
Euro to USD / May 21	1.09

Stock	Volume
S&P 500 / May 20	5308.13
Nasdaq / May 20	16794.88
FTSE 100 / May 20	8424.20
Dow Jones / May 20	39806.77
Germany DAX 30 / May 20	18768.96
France CAC40 / May 20	8195.97
India Sensex / May 21	73830.29
Tokyo Nikkei / May 21	39037.68

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 20	214678
Petrol/Litre / May 21	273.10
Crude Oil USD/Barrel / May 21	79.32
Gold Spot USD/Ounce / May 21	2414
Diesel/Litre / May 21	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 21 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 21 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 21 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 21 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 21 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 21 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 21 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 21 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 21 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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