News Archives for Print - 2024-05-01

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Print - 2024-05-01

The Weather

KARACHI: The weather report on Tuesday (April 30, 2024) and the forecast for Wednesday (May 01, 2024)...

Published 01 May, 2024 04:14am

Houthis attack Greek, US ships: Centcom

DUBAI: Yemen’s Iran-backed Houthi rebels have launched fresh attacks on Red Sea shipping including a Greek...

Published 01 May, 2024 04:14am

Pro-Palestinian protests: top French university loses funding

PARIS: The Paris region authority sparked controversy Tuesday by temporarily suspending funding for Sciences Po, one...

Published 01 May, 2024 04:14am

US negotiating R&D tax credit as part of global tax deal: Yellen

WASHINGTON: Treasury Secretary Janet Yellen said on Tuesday that the United States is in talks with other countries...

Published 01 May, 2024 04:14am

South Asia

Forest fires raze parts of India amid heat, dry weather

NEW DELHI: Frequent fires are razing forests in India’s Uttarakhand state in the north and Odisha in the east amid...

Published 01 May, 2024 04:14am

Europe

Teenage boy killed in London sword attack

LONDON: A 14-year-old boy was killed and four other people were injured after a stabbing in London on Tuesday...

Published 01 May, 2024 04:14am

Ending hopium-V

• Next is for MoI&P (Ministry of Industries and Production), MoITT (Ministry of Information Technology and...

Published 01 May, 2024 04:14am

Money & Banking

1Q results for 2024: Soneri Bank announces PBT growth of 31.91pc YoY

KARACHI: The Board of Directors (BoDs) of Soneri Bank Limited, in their 204th meeting held in Karachi on 30th April...

Published 01 May, 2024 04:14am

Companies

Net profitability of FFC stands at Rs10.5bn in Q1

RAWALPINDI: Fauji Fertilizer Company Limited (FFC) has announced its financial results for the first quarter ended...

Published 01 May, 2024 04:14am

Industry

KCCI appreciates pro-traders decisions of PM

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has appreciated the Prime...

Published 01 May, 2024 04:14am

Stocks

China stocks end mixed

SINGAPORE: China stocks were mixed in with the blue-chip index down 0.20%, while Hong Kong’s Hang Seng index was ...

Published 01 May, 2024 04:14am

Stocks

STOXX ends lower as auto giants weigh

PARIS: European shares closed lower on Tuesday weighed by a bleak raft of earnings reports from the region’s top...

Published 01 May, 2024 04:14am

Stocks

Wall St falls on hot labour costs data, caution before Fed verdict

NEW YORK: Wall Street’s main indexes fell on Tuesday with caution prevailing ahead of the Federal Reserve’s...

Published 01 May, 2024 04:14am

Money & Banking

China’s yuan slips from 1-month high

SHANGHAI: China’s yuan pulled back against the dollar on Tuesday, having hit one-month high a day earlier as...

Published 01 May, 2024 04:14am

Stocks

PSX holiday

KARACHI: Pakistan Stock Exchange Limited will remain closed on Wednesday, May 01, 2024 (today) being public holiday...

Published 01 May, 2024 04:14am

Industry

Delegation of LCCI visits Business Facilitation Center

LAHORE: A delegation, headed by the President Lahore Chamber of Commerce and Industry Kashif Anwar, visited Business...

Published 01 May, 2024 04:14am

Blome hosts national team cricket players

ISLAMABAD: In a display of support for Pakistan ahead of the highly anticipated T20 Cricket World Cup 2024, US...

Published 01 May, 2024 04:14am

Huawei showcases cutting-edge technologies, solutions at Digital Week in Islamabad

ISLAMABAD: Huawei Pakistan hosted a Digital Week in Islamabad, showcasing the cutting-edge technologies and ...

Published 01 May, 2024 04:14am

Hush money trial: Judge fines Trump $9,000, threatens jail for contempt

NEW YORK: The judge overseeing Donald Trump’s criminal hush money trial fined the former US president $9,000 for...

Published 01 May, 2024 04:14am

UN-backed court issues warrant for Central African ex-leader

BANGUI, (Central African Republic): A UN-backed court announced Tuesday it has issued an arrest warrant for the...

Published 01 May, 2024 04:14am

German arms exports to Israel: World Court rejects emergency measures

THE HAGUE: Judges at the International Court of Justice on Tuesday ruled against issuing emergency orders to stop...

Published 01 May, 2024 04:14am

NHA approves Rs4.133bn PC-1 for KKH-II

ISLAMABAD: The National Highways Authority (NHA) Executive Board recommended the PC-I (Land Acquisition) of...

Published 01 May, 2024 04:14am

ECP seeks details of PTI’s third intra-party polls

ISLAMABAD: Yet again, the Election Commission of Pakistan (ECP) has sought details from Pakistan Tehreek-e-Insaf...

Published 01 May, 2024 04:14am

IceWarp to set up a data centre in Pakistan

KARACHI: IceWarp, a Czech Republic based IT company, has announced plans to launch its full-fledged operation in...

Published 01 May, 2024 04:14am

Vote recount in PP-161: LHC sets aside notice issued by ECP

LAHORE: The Lahore High Court on Tuesday set aside a notice issued by the Election Commission of Pakistan (ECP) for...

Published 01 May, 2024 04:14am

Two killed, eight injured in gas cylinder blast in Karachi

KARACHI: A gas cylinder explosion rocked Karachi’s New Challi area on Tuesday, resulting in the loss of two lives...

Published 01 May, 2024 04:14am

BLLF organizes seminar on prevention of child labor & human trafficking

LAHORE: In connection with International Labor Day, a seminar was organized by Bonded Labour Liberation Front (BLLF)...

Published 01 May, 2024 04:14am

Iddat case: Court rejects Maneka’s petition

ISLAMABAD: A local court, on Tuesday, rejected the petition of Khawar Maneka, the complainant in the Iddat case...

Published 01 May, 2024 04:14am

Govt urged to develop strategy for combating plastic pollution

ISLAMABAD: Speakers at a seminar while stressing the need for immediately combating plastic pollution have urged the...

Published 01 May, 2024 04:14am

Cipher case: IHC seeks detailed report of Azam Khan kidnapping case

ISLAMABAD: The Islamabad High Court (IHC), hearing the cipher case, sought a detailed report of the kidnapping case...

Published 01 May, 2024 04:14am

Imran handpicked Marwat for PAC chairmanship: Gohar

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) chairman Barrister Gohar Ali Khan on Tuesday announced that party founding...

Published 01 May, 2024 04:14am

Ex-IGP’s non-appearance: LHC expresses displeasure

LAHORE: The Lahore High Court on Tuesday expressed displeasure over the non-appearance of Akbar Nasir former...

Published 01 May, 2024 04:14am

‘Pakistan experienced at least one cyber incident in last two years’

ISLAMABAD: A global cybersecurity firm revealed that 88 percent of small businesses in the Middle East, Turkey and...

Published 01 May, 2024 04:14am

Preventing influence of tobacco making firms: ‘Pakistan’s performance remains unsatisfactory’

ISLAMABAD: Pakistan’s performance in preventing the influence of tobacco manufacturing companies remained...

Published 01 May, 2024 04:14am

Human organs PHOTA to launch crackdown against illegal transplantation

LAHORE: Punjab Human Organ Transplantation Authority (PHOTA) has been directed to launch crackdown on the elements...

Published 01 May, 2024 04:14am

Police crackdown on drug dealers, recovers drugs worth Rs2.26m

LAHORE: In a concerted effort to combat drug trafficking and addiction, the Pakpattan Police have undertaken a...

Published 01 May, 2024 04:14am

Punjab Assembly Speaker limits discussion to govt's wheat policy

LAHORE: The Punjab Assembly session, presided over by Speaker Punjab Assembly Malik Muhammad Ahmed Khan, began after...

Published 01 May, 2024 04:14am

‘Nawaz Sharif Kisan Card,’ Rs10bn for NS IT City: Punjab cabinet gives in-principle approval

LAHORE: Punjab Cabinet, which met here Tuesday with Chief Minister Maryam Nawaz in the chair, accorded in-principle...

Published 01 May, 2024 04:14am

SFA District Food Testing Lab opened at NED

KARACHI: Director General Sindh Food Authority Agha Fakhar Hussain has inaugurated SFA District Food Testing...

Published 01 May, 2024 04:14am

Widow challenges advance tax against cellular phone services

LAHORE: A widow has challenged advance tax against cellular phone services, being not liable to pay income tax or...

Published 01 May, 2024 04:14am

Abbasi, Miftah & others given a clean chit in LNG case

ISLAMABAD: The National Accountability Bureau (NAB) on Tuesday gave a clean chit to former prime minister Shahid...

Published 01 May, 2024 04:14am

‘We all should strengthen parliament,’ says CJP

ISLAMABAD: Chief Justice Qazi Faez Isa said, “We all should strengthen the parliament, because if it is strong ...

Published 01 May, 2024 04:14am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (April 30, 2024). ==================================== BR...

Published 01 May, 2024 04:14am

Grains

Lahore Grain Market Rates

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

Published 01 May, 2024 04:14am

Rates

Shipping Intelligence

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

Published 01 May, 2024 04:14am

Forex

Kerb buying and selling rate of US dollar

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

Published 01 May, 2024 04:14am

Forex

Dollar's rate in interbank market

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

Published 01 May, 2024 04:14am

Forex

Open market rates of foreign currencies

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

Published 01 May, 2024 04:14am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (April 30, 2024). ========================== KIBOR...

Published 01 May, 2024 04:14am

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 01 May, 2024 04:14am

Rates

LME official prices

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

Published 01 May, 2024 04:14am

Energy

OPEC oil output falls in April, led by Iran and Iraq, survey finds

LONDON: OPEC oil output has fallen in April, a Reuters survey found on Tuesday, reflecting lower exports from Iran,...

Published 01 May, 2024 04:14am

Letters

‘Everything is anti-clockwise in Pakistan’

The following is in addition to what I have stated through a letter to Editor carried by the newspaper yesterday....

Published 01 May, 2024 04:14am

Commodities

Gold prices slip

BENGALURU: Gold prices slipped more than 1% to a one-week low on Tuesday due to an uptick in the dollar and US...

Published 01 May, 2024 04:14am

Commodities

Iron ore down on pre-holiday risk-off

BEIJING: Iron ore and steel futures fell on Tuesday amid risk-off sentiment ahead of a Chinese public holiday, but...

Published 01 May, 2024 04:14am

Cotton & Textile

Official spot rate firm amid lack of buying interest

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

Published 01 May, 2024 04:14am

Cotton & Textile

Cotton spot rates

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

Published 01 May, 2024 04:14am

Rates

Activities of Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 120,553 tonnes of cargo comprising 55,669 tonnes of import cargo and 64,884...

Published 01 May, 2024 04:14am

Energy

Oil prices down on rising US supply

HOUSTON: Oil dipped on Tuesday on the back of rising US crude production as well as hopes of an Israel-Hamas...

Published 01 May, 2024 04:14am

Energy

US natural gas prices jump

NEW YORK: US natural gas futures jumped about 6% to a 12-week high on Monday with the start of the higher priced ...

Published 01 May, 2024 04:14am

Stocks

Nikkei tracks Wall Street higher

TOKYO: Japan’s Nikkei share average rose on Tuesday, underpinned by overnight strong finish on Wall Street, while...

Published 01 May, 2024 04:14am

Stirring up the soul, is it?

Is it déjà vu? Is it an illusion? Is it a knee-jerk? Is it real? Is it happening? These are all the questions that...

Published 01 May, 2024 04:14am

Pakistan’s civil service dilemma

By the time you finish reading this article, the veil shrouding Pakistan’s administrative ineptitude will be...

Published 01 May, 2024 04:14am

Energy

Ministry directed to clear CPEC IPPs’ dues

ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal has instructed the...

Published 01 May, 2024 04:14am

Grains

LHC seeks details of wheat procurement decision

LAHORE: The Lahore High Court on Tuesday called details of the Punjab cabinet decision on the wheat procurement...

Published 01 May, 2024 04:14am

Energy

Ogra notifies 4.74pc cut in LPG consumer price

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) notified a 4.74 percent decrease in the LPG consumer price...

Published 01 May, 2024 04:14am

Energy

Hydropower project: Leghari urged to help remove obstacles

ISLAMABAD: South Korean company, Korea Hydro & Nuclear Power Co., Ltd (KHNP), which is developing a hydropower...

Published 01 May, 2024 04:14am

Labour Day today

LAHORE: Like other parts of the world, ‘Labour Day’ is being marked on today with a resolve to safeguard the...

Published 01 May, 2024 04:14am

Rates

Stocks end deep in the red

KARACHI: Pakistan Stock Exchange on Tuesday witnessed mixed trend and after moving in both directions finally closed...

Published 01 May, 2024 04:14am

Money & Banking

Binance’s CEO Zhao faces sentencing over money laundering violations

NEW YORK: The former chief executive of Binance, the world’s largest cryptocurrency exchange, could face years in...

Published 01 May, 2024 04:14am

SBP’s policy stance irks UBG

KARACHI: United Business Group (UBG) has expressed its concern over not reducing the interest rate in the monetary...

Published 01 May, 2024 04:14am

Commodities

Copper prices fall after hitting two-year high

LONDON: Copper prices in London fell on Tuesday after four sessions of gains, retreating on slower manufacturing...

Published 01 May, 2024 04:14am

Commodities

Malaysian palm oil futures drift lower

KUALA LUMPUR: Malaysian palm oil futures fell on Tuesday, closing at their lowest in more than two months, as ...

Published 01 May, 2024 04:14am

Commodities

Chicago wheat futures slip

CANBERRA/PARIS: Chicago wheat futures on Tuesday fell further from last week’s four-month highs as forecasts for...

Published 01 May, 2024 04:14am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR28.506 ...

Published 01 May, 2024 04:14am

Commodities

Japanese rubber futures gain

SINGAPORE: Japanese rubber futures rose on Tuesday amid a weaker yen and favourable factory data, but logged their...

Published 01 May, 2024 04:14am

Commodities

Argentina grains ports hit by strikes for second day

BUENOS AIRES: Argentina grains ports were being impacted by strike action against government reforms for a second ...

Published 01 May, 2024 04:14am

Money & Banking

Yen retreats after US data

NEW YORK: The yen stumbled against the dollar on Tuesday, relinquishing some of its sharp gains in the prior session...

Published 01 May, 2024 04:14am

Campus protests: new flashpoint in US

EDITORIAL: Until recently, even a mild criticism of Israel’s policies in the US, especially in universities, could...

Published 01 May, 2024 04:14am

Inflation unchecked

EDITORIAL: The Sensitive Price Index for the week ending 25 April 2024, consisting of 51 essential items collected...

Published 01 May, 2024 04:14am

Money & Banking

NBP continues to empower farmers, women with discounted loans

KARACHI: The National Bank of Pakistan (NBP) is proudly expanding its agricultural loan programme and encourages...

Published 01 May, 2024 04:14am

Industry

OICCI holds 6th Women Empowerment Awards ceremony

KARACHI: Emphasizing the vital importance of creating conducive conditions for women to flourish in the realms of...

Published 01 May, 2024 04:14am

Taxes

Finance Bill 2024: Policy Cell to compile IR budget proposals

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a Policy Cell for compilation of Inland Revenue budget...

Published 01 May, 2024 04:14am

Profit, dividend: Jul-Mar repatriation jumps 256pc to $830.5m YoY

KARACHI: The repatriation of profit and dividend by foreign investors rose significantly by 256 percent during the...

Published 01 May, 2024 04:14am

Key states, including Pakistan: Wheat imports expected to rise: World Bank

ISLAMABAD: Wheat imports are expected to rise for key importing countries including Pakistan, says the World Bank....

Published 01 May, 2024 04:14am

Engro welcomes verdict in LNG contract case

KARACHI: The Accountability Court has honourably exonerated and acquitted our Chairman Hussain Dawood, Director ...

Published 01 May, 2024 04:14am

Rs53bn short of target: Provisional collection stands at Rs654bn in April: FBR

Taxes

It is learnt that the FBR is expected to issue increased values of immovable properties from July 1, 2024

Updated 01 May, 2024 03:24pm

Growing pressure on expenditures: Higher mark-up payments behind challenge: MoF

Total expenditures during July-February 2024 remained under pressure due to higher mark-up payments

Updated 01 May, 2024 04:36pm

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 16	283.37
USD PKR Interbank Buying / Jun 16	283.17
USD to Japanese Yen / Jun 17	144.76
USD to Swiss Franc / Jun 17	0.81
Pound Sterling to USD / Jun 17	1.36
Euro to USD / Jun 17	1.16
UK LIBOR % / Jun 14	4.96

Stock	Volume
S&P 500 / Jun 14	5,976.97
Nasdaq / Jun 14	19,406.83
Dow Jones / Jun 14	42,197.79
India Sensex / Jun 17	81,649.49
Tokyo Nikkei / Jun 17	38,502.10
Hang Seng / Jun 17	23,945.81
FTSE 100 / Jun 17	8,845.59
Germany DAX 30 / Jun 17	23,441.60
France CAC40 / Jun 17	7,694.59

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 16	16,785
Gold 10 Grams PKR / Jun 16	310,613
Crude Oil USD/Barrel / Jun 17	72.01
Gold Spot USD/Ounce / Jun 17	3,388.42
Cotton US¢/pound / Jun 17	67.96
Petrol/Litre / Jun 18	258.43
Diesel/Litre / Jun 18	262.59

Gainers
Losers
Leaders

Stock	Price
Cresent Jute / Jun 17 Crescent Jute Products Limited(CJPL)	5.57 ▲ 1 (21.88%)
First Dawood Prop. / Jun 17 First Dawood Properties Limited(FDPL)	4.55 ▲ 0.67 (17.27%)
Gulistan Sp. / Jun 17 Gulistan Spinning Mills Limited(GUSM)	9.28 ▲ 1 (12.08%)
Power Cem(Pref) / Jun 17 Power Cement (Pref)(POWERPS)	18.98 ▲ 1.73 (10.03%)
Merit Packaging / Jun 17 Merit Packaging Limited(MERIT)	14.92 ▲ 1.36 (10.03%)
Service Textile / Jun 17 Service Industries Textiles Limited(SERT)	17.88 ▲ 1.63 (10.03%)
MACPAC Films / Jun 17 MACPAC Films Limited(MACFL)	26.81 ▲ 2.44 (10.01%)
Bannu Woollen / Jun 17 Bannu Woollen Mills Limited(BNWM)	57.71 ▲ 5.25 (10.01%)
Shadman Cotton / Jun 17 Shadman Cotton Mills Limited(SHCM)	57.33 ▲ 5.21 (10%)
Pak Datacom / Jun 17 Pak Datacom Limited(PAKD)	378.26 ▲ 34.39 (10%)

Stock	Price
Unicap Modaraba / Jun 17 Unicap Modaraba(UCAPM)	3.86 ▼ -0.74 (-16.09%)
Ist.Capital Sec / Jun 17 First Capital Securities Corporation(FCSC)	3.31 ▼ -0.54 (-14.03%)
First Prudential Mod. / Jun 17 First Prudential Modaraba(PMI)	3.87 ▼ -0.52 (-11.85%)
Sardar Chemical / Jun 17 Sardar Chemical Industries Limited(SARC)	77.10 ▼ -8.57 (-10%)
Pakgen Power / Jun 17 Pakgen Power Limited(PKGP)	237.39 ▼ -26.38 (-10%)
PIA Holding Co.B / Jun 17 PIA Holding Company Limited B(PIAHCLB)	15,300.17 ▼ -1700.02 (-10%)
Hala Enterprise / Jun 17 Hala Enterprises Limited(HAEL)	24.86 ▼ -2.76 (-9.99%)
Calcorp Ltd / Jun 17 Calcorp Limited(CASH)	43.34 ▼ -4.8 (-9.97%)
Khyber Textile / Jun 17 Khyber Textile Mills Limited(KHYT)	1,457.04 ▼ -158.06 (-9.79%)
First Fid. Leasing / Jun 17 First Fidelity Leasing Modaraba(FFLM)	2.95 ▼ -0.32 (-9.79%)

Stock	Volume
WorldCall Telecom / Jun 17 Worldcall Telecom Limited(WTL)	239,756,205 ▼ -0.01
Pervez Ahmed Consultancy / Jun 17 Pervez Ahmed Consultancy Services Ltd.(PASL)	97,496,465 ▼ -0.05
Sui South Gas / Jun 17 Sui Southern Gas Company Limited(SSGC)	49,860,990 ▲ 1.54
Ist.Capital Sec / Jun 17 First Capital Securities Corporation(FCSC)	49,081,749 ▼ -0.54
B.O.Punjab / Jun 17 The Bank of Punjab(BOP)	43,532,329 ▲ 0.17
Bank Makramah / Jun 17 Bank Makramah Limited(BML)	41,528,036 ▲ 0.2
Kohinoor Spining / Jun 17 Kohinoor Spinning Mills Limited(KOSM)	37,900,841 ▼ -0.11
First Prudential Mod. / Jun 17 First Prudential Modaraba(PMI)	37,499,448 ▼ -0.52
PIA Holding Co.Ltd / Jun 17 PIA Holding Company Limited(PIAHCLA)	25,538,700 ▼ -0.21
First Dawood Prop. / Jun 17 First Dawood Properties Limited(FDPL)	23,790,756 ▲ 0.67

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