News Archives for Print - 2024-05-14

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Print - 2024-05-14

Major airlines sue Biden administration over fee disclosure rule

WASHINGTON: Major US airlines are suing the US Transportation Department over a new rule requiring upfront ...

Published 14 May, 2024 05:18am

Melinda Gates to step down as co-chair of Gates Foundation

BENGALURU: Melinda French Gates is stepping down as co-chair of the Bill and Melinda Gates Foundation, one of the...

Published 14 May, 2024 05:18am

The Weather

KARACHI: The weather report on Monday (May 13, 2024) and the forecast for Tuesday (May 14, 2024)...

Published 14 May, 2024 05:18am

Pre-Budget Conference FY 2024-25: Message from Muhammad Aurangzeb Federal Minister for Finance and Revenue, Pakistan

TEXT: Our government is committed to putting Pakistan on the path of sustainable economic growth and development....

Published 14 May, 2024 05:18am

Pre-Budget Conference FY 2024-25: Message from Message from Atif Ikram Sheikh President Federation of Pakistan Chambers of Commerce & Industry (FPCCI)

TEXT: Esteemed Members of the Business Community, As we convene for the Pre-Budget Conference for the fiscal year...

Published 14 May, 2024 05:18am

Millat Tractors Limited: Excellence in Engineering

TEXT: Millat Tractors Limited (MTL), an ISO 9001:2008 certified company is Pakistan’s leading engineering concern...

Published 14 May, 2024 05:18am

Overregulation hurts sugar industry of Pakistan

TEXT: Sugar industry is the 2nd largest agro-based industry in Pakistan after textiles. Pakistan is an important...

Published 14 May, 2024 05:18am

Pre-Budget Conference FY 2024-25: Message from Shahzad Malik (SI) Chief Executive Guard Agricultural Research & Services (Pvt.) Ltd

TEXT: With over 70 years of experience, Guard has successfully established itself as a strong brand in Pakistan. ...

Published 14 May, 2024 05:18am

Tunisian lawyers protest, launch strike after pundit arrested

TUNIS: Tunisian lawyers protested and launched a nationwide strike on Monday over the arrest of a lawyer and...

Published 14 May, 2024 05:18am

Russia rains attacks on Ukraine’s Kharkiv region after launching offensive

RUSKI TYSHKY: Russia on Monday pummelled towns and villages in Ukraine’s northeastern Kharkiv region days after...

Published 14 May, 2024 05:18am

Georgians protest anti-NGO bill as ruling party vows to adopt

TBILISI: Hundreds of young Georgians crowded outside parliament on Monday ahead of a third straight night of ...

Published 14 May, 2024 05:18am

Turkey unveils package to rein in spending, boost efficiency

ANKARA: Turkey will rein in public spending and boost efficiency under a savings plan announced on Monday, launching...

Published 14 May, 2024 05:18am

Fierce fighting rocks Gaza after US warning of post-war ‘anarchy’

GAZA CITY: Israel battled Hamas in Gaza on Monday, including in far-southern Rafah, despite US warnings against a...

Published 14 May, 2024 05:18am

Sunak says UK at ‘crossroads’ but refuses to call election

LONDON: UK Prime Minister Rishi Sunak insisted on Monday that his beleaguered governing Conservative party can win a...

Published 14 May, 2024 05:18am

N Ireland court blocks UK law to deport asylum-seekers to Rwanda

BELFAST: A High Court judge in Belfast on Monday ruled that a UK law allowing asylum-seekers to be deported to ...

Published 14 May, 2024 05:18am

Sharjeel reiterates party’s commitment to freedom of expression

HYDERABAD: Sindh Senior Minister and Provincial Minister for Information, Transport and Mass Transit, Excise ...

Published 14 May, 2024 05:18am

KMC Council: 13 resolutions unanimously approved

KARACHI: The general meeting of the Council of the Karachi Metropolitan Corporation was held on Monday at the ...

Published 14 May, 2024 05:18am

HGOs face problems in securing accommodation for pilgrims

KARACHI: Hajj Group Organisers (HGOs) across the country are grappling with a major challenge of securing...

Published 14 May, 2024 05:18am

Companies

UBL to build regional office at Naya Nazimabad

KARACHI: United Bank Limited (UBL) - a leading bank of Pakistan, has acquired a 14,092 sq. yards commercial plot in...

Updated 14 May, 2024 06:13am

‘1st CM Skills Development Programme’ launched

LAHORE: Launching the “1st Chief Minister Skills Development Programme” in Punjab, Chief Minister Maryam Nawaz...

Published 14 May, 2024 05:18am

EOC urges districts to improve polio microplans

LAHORE: Punjab Emergency Operations Centre (EOC) Coordinator and Head of the polio programme in Punjab, Khizer ...

Published 14 May, 2024 05:18am

CM directs completion of projects in Lahore

LAHORE: Punjab Chief Minister Maryam Nawaz has directed the authorities concerned to complete development projects ...

Published 14 May, 2024 05:18am

Shoaib Siddiqui meets Saad Rafique

LAHORE: Shoaib Siddiqui, General Secretary of Istehkam-e-Pakistan Party Punjab and member of Punjab Assembly, met...

Published 14 May, 2024 05:18am

Industry

PITB devises satellite-based Crop Yield Prediction System

LAHORE: Punjab Information Technology Board (PITB) Chairman Faisal Yousaf has said that the Board has devised a...

Published 14 May, 2024 05:18am

Mohmand Dam: WAPDA chief asks contractors to execute project as per schedule

LAHORE: Chairman WAPDA Engr Lt Gen Sajjad Ghani (r) visited Mohmand Dam Project to review construction progress on...

Published 14 May, 2024 05:18am

Meezan Bank and Roche Pakistan join forces to combat breast cancer

KARACHI: Meezan Bank, Pakistan’s first and largest Islamic Bank, has joined hands with Roche Pakistan, one of the...

Published 14 May, 2024 05:18am

NAB prosecutor tells IHC: 190m pounds came from UK in three instalments

ISLAMABAD: The National Accountability Bureau (NAB) prosecutor informed the Islamabad High Court (IHC) that UK pound...

Published 14 May, 2024 05:18am

Taxes

IPSOS report highlights alarming issues in Pakistan’s tobacco industry

ISLAMABAD: A latest report of significant credibility, published by IPSOS, an esteemed international surveying...

Published 14 May, 2024 05:18am

SECP releases guide to facilitate Modaraba Companies, Modarabas

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has released a comprehensive guide to ...

Published 14 May, 2024 05:18am

Pakistani women to hoist flag of Pakistan on K2 this year

ISLAMABAD: The year 2024 is marked as the Platinum Jubilee of the first ascent of K2 for its 70th anniversary of the...

Published 14 May, 2024 05:18am

Cooperation emphasised: Pak-US antiterrorism dialogue concludes

ISLAMABAD: Pakistan and the United States counterterrorism dialogue has concluded with an emphasis on cooperation...

Published 14 May, 2024 05:18am

UN nears landmark deal on combatting biopiracy

GENEVA: The fight against biopiracy — plundering genetic resources and the traditional knowledge surrounding them...

Published 14 May, 2024 05:18am

India vote resumes with IIOJK poised to oppose Modi

OCCUPIED SRINAGAR: India’s six-week election resumed Monday including in Illegally Indian Occupied Jammu and...

Published 14 May, 2024 05:18am

King Charles appoints William to lead Harry’s old regiment

LONDON: Britain’s King Charles III officially handed over the role of Colonel-in-Chief of the Army Air Corps to...

Published 14 May, 2024 05:18am

Stocks

Tokyo stocks close lower

TOKYO: Tokyo stocks closed lower on Monday, weighed down by a rise in Japanese long-term interest rates, as ...

Published 14 May, 2024 05:18am

Stocks

Indian shares end higher after volatile session

BENGALURU: Indian shares rebounded to settle marginally higher after a volatile session on Monday, as gains in top...

Published 14 May, 2024 05:18am

An anti-citizen policy?

Governments are supposed to make people-friendly and welfare-oriented policies. Citizens should not be just tax...

Published 14 May, 2024 05:18am

Letters

Tax reforms: Aurangzeb will bell the cat?

It is indeed heartening to note that the country’s external account position is gradually improving amid reports...

Published 14 May, 2024 05:18am

Impasse

Anniversaries can be of different kinds, some mere rituals, others more than a mere remembrance of things past. May...

Published 14 May, 2024 05:18am

The education emergency

Shehbaz Sharif declared an ‘education emergency’ across Pakistan on Wednesday, the 8th of May 2024. This is in...

Published 14 May, 2024 05:18am

COAS confers military awards upon personnel for gallantry

RAWALPINDI: An investiture ceremony was held at General Headquarters, Rawalpindi on Monday. According to a press...

Published 14 May, 2024 05:18am

PARTLY FACETIOUS: The Samdhi who is so very greedy for hats

“I am a firm believer that only one hat must ever be worn!” “Hmmm that’s a sheer waste – what about the other hats...

Published 14 May, 2024 05:18am

‘As per constitution, security institutions cannot indulge in politics’: Ayub

ISLAMABAD: Amid vociferous protests by Pakistan Tehreek-e-Insaf (PTI)-backed Sunni Ittehad Council (SIC)-led...

Published 14 May, 2024 05:18am

Journalists’ case: SC grants police 4 weeks to complete probe

ISLAMABAD: The Supreme Court granted four weeks to the Islamabad police to complete the investigation into Absar...

Published 14 May, 2024 05:18am

SIFC DG passes away

Islamabad: Director General, Special Investment Facilitation Council (SIFC) and senior diplomat Dr Diyar Khan passed...

Published 14 May, 2024 05:18am

Delay in justice not to be tolerated: LHC CJ

LAHORE: The Chief Justice of the Lahore High court (LHC) observed that delay or impediment in the administration of...

Published 14 May, 2024 05:18am

Manzoor Wattoo with family join PPP

LAHORE: The former Chief Minister Punjab, Manzoor Wattoo after meeting with the Chairman Pakistan Peoples Party,...

Published 14 May, 2024 05:18am

Mayor of Shoguang meets Dar

ISLAMABAD: Mayor of Shoguang, Zhao Tianbao, called on the Deputy Prime Minister and Foreign Minister, Senator...

Published 14 May, 2024 05:18am

Flights resumption talks: PCAA delegation leaves for Brussels

ISLAMABAD: A senior delegation from the Pakistan Civil Aviation Authority, led by Secretary Aviation, embarked on a...

Published 14 May, 2024 05:18am

PTI concerned about fast deteriorating situation in AJK

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) lambasted the government on Monday for creating a situation in Azad Jammu...

Published 14 May, 2024 05:18am

IRSA increases water shares of Punjab, Sindh

ISLAMABAD: The Indus River System Authority (IRSA) Advisory Committee (IAC) has increased water shares of Punjab and...

Published 14 May, 2024 05:18am

Shehbaz resigns as PML-N president

ISLAMABAD: Prime Minister Shehbaz Sharif has stepped down as Pakistan Muslim League-Nawaz (PML-N) president, paving...

Published 14 May, 2024 05:18am

AJK: PM orders release of Rs23bn

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday ordered an immediate release of Rs23 billion to resolve the ...

Published 14 May, 2024 05:18am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (May 13, 2024). ==================================== BR...

Published 14 May, 2024 05:18am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (May 13, 2024). ======================================= Offset Paper...

Published 14 May, 2024 05:18am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (May 13, 2024)...

Published 14 May, 2024 05:18am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 13, 2024)....

Published 14 May, 2024 05:18am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (May 13, 2024)....

Published 14 May, 2024 05:18am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (May 13, 2024). ======================== Open Bid Rs...

Published 14 May, 2024 05:18am

Forex

Open market rates of foreign currencies

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

Published 14 May, 2024 05:18am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (May 13, 2024). ========================== KIBOR...

Published 14 May, 2024 05:18am

Rates

LME official prices

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

Published 14 May, 2024 05:18am

Energy

Oil prices rise as attention shifts to US inflation

NEW YORK: Oil prices rose on Monday, as signs of improving demand in top importer China and potential supply...

Published 14 May, 2024 05:18am

Cotton & Textile

Modest business on cotton market

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

Published 14 May, 2024 05:18am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (May 13, 2024)...

Published 14 May, 2024 05:18am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 230,760 tonnes of cargo comprising 115,139 tonnes of import cargo and ...

Published 14 May, 2024 05:18am

Commodities

Copper lifted by Fed rate cut hopes, supply disruptions

BEIJING: Copper rose on Monday, underpinned by investors’ hope for Fed rate cuts and rising demand in top consumer...

Published 14 May, 2024 05:18am

Commodities

Paris wheat at 9-month highs on Russian harvest concern

HAMBURG/PARIS: European wheat futures extended a rally on Monday to a nine-month high as continuing cold weather in...

Published 14 May, 2024 05:18am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 22.723...

Published 14 May, 2024 05:18am

Commodities

Malaysian palm oil futures up on support from rival oils

JAKARTA: Malaysian palm oil futures closed higher on Monday as the market tracked strength in rival oils at Dalian...

Published 14 May, 2024 05:18am

Commodities

Iron ore climbs as bond issuance stimulus offsets weak China data impact

BEIJING: Iron ore futures prices strengthened on Monday, as news of more bond issuance by Chinese authorities to ...

Published 14 May, 2024 05:18am

Energy

US natgas prices little changed as rising demand offsets higher output

NEW YORK: US natural gas futures were little changed on Monday as forecasts for more demand next week than ...

Published 14 May, 2024 05:18am

Stocks

China stocks slip after weak credit data

SHANGHAI: China stocks slipped on Monday, weighed down by weak credit growth data and news of fresh US tariffs even...

Published 14 May, 2024 05:18am

Stocks

European shares end flat as investors await for inflation test

PARIS: Europe’s STOXX 600 closed flat on Monday, as investors geared up for a slew of economic data from the euro...

Published 14 May, 2024 05:18am

Stocks

Wall St inches up with inflation prints in focus

NEW YORK: US stock indexes edged higher on Monday, nearing record highs after a recent run of gains, as investors...

Published 14 May, 2024 05:18am

Energy

Dar, Gezhouba Group chairman discuss ongoing projects in Pakistan

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar met with the Chairman of Gezhouba Group on Mondayin...

Published 14 May, 2024 05:18am

Rates

PSX soars to historic high

KARACHI: Pakistan Stock Exchange on Monday hit new highest-ever levels on the back of continued bullish trend on...

Published 14 May, 2024 05:18am

Commodities

Gold dips as traders await US inflation data for more Fed rate cut cues

BENGALURU: Gold prices dipped on Monday on profit-taking as investors looked forward to key inflation figures this...

Published 14 May, 2024 05:18am

Commodities

Japanese rubber futures firm on weaker yen

SINGAPORE: Japanese rubber futures snapped a two-day losing streak to close higher on Monday amid a weaker yen and...

Published 14 May, 2024 05:18am

Anglo American rejects BHP’s improved takeover bid

LONDON: Australian mining giant BHP revealed Monday that British rival Anglo American has rejected an “improved”...

Published 14 May, 2024 05:18am

TDS registration: RTO Pindi honours first four traders

RAWALPINDI: The Regional Tax Office (RTO) Rawalpindi hosted a momentous ceremony on Monday to honor the pioneering...

Published 14 May, 2024 05:18am

U Bank and RIDBL enter into strategic partnership

ISLAMABAD: U Microfinance Bank (U Bank) and Raqami Islamic Digital Retail Bank Ltd. (RIDBL) have entered into a...

Published 14 May, 2024 05:18am

Can we capitalise on the new space age?

EDITORIAL: The recent positive developments with respect to our space programme mark a promising trajectory for the...

Published 14 May, 2024 05:18am

New economic order or the same old one?

EDITORIAL: Federal Finance Minister Muhammad Aurangzeb during his speech at a seminar organised jointly by the...

Published 14 May, 2024 05:18am

Agriculture and Allied

Govt unable to buy wheat in current situation: minister

LAHORE: Punjab Food Minister Bilal Yasin stated on Monday that the government is unable to purchase wheat in the...

Published 14 May, 2024 05:18am

Industry

PSMA Punjab chief says govt required to play the role of ‘facilitator’ for industry

LAHORE: Pakistan Sugar Mills Association (PSMA) Punjab Chairman and leading industrialist Chaudhry Zaka Ashraf has...

Published 14 May, 2024 05:18am

Industry

Trade, exports: Jam reiterates his commitment to facilitation & diversification policy

KARACHI: Federal Commerce Minister, Jam Kamal Khan, reiterating the government’s commitment to policy of...

Published 14 May, 2024 05:18am

FPCCI president concerned at re-closure of Chaman border

Industry

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 10	284.60
USD PKR Interbank Buying / Jul 10	284.40
USD to Japanese Yen / Jul 10	146.33
USD to Swiss Franc / Jul 10	0.79
Pound Sterling to USD / Jul 10	1.36
Euro to USD / Jul 10	1.17
UK LIBOR % / Jul 9	4.96

Stock	Volume
S&P 500 / Jul 9	6,263.26
Nasdaq / Jul 9	20,608.23
FTSE 100 / Jul 9	8,867.02
Dow Jones / Jul 9	44,458.30
Germany DAX 30 / Jul 9	24,549.56
France CAC40 / Jul 9	7,878.46
India Sensex / Jul 10	83,178.25
Tokyo Nikkei / Jul 10	39,635.72
Hang Seng / Jul 10	23,993.59

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 9	16,585
Gold 10 Grams PKR / Jul 9	301,354
Petrol/Litre / Jul 10	266.79
Crude Oil USD/Barrel / Jul 10	68.49
Gold Spot USD/Ounce / Jul 10	3,325.15
Diesel/Litre / Jul 10	272.98
Cotton US¢/pound / Jul 10	67.73

Gainers
Losers
Leaders

Stock	Price
Premier Insurance / Jul 10 Premier Insurance Limited(PINL)	8.30 ▲ 1 (13.7%)
Kohinoor Ind. / Jul 10 Kohinoor Industries Limited(KOIL)	14.80 ▲ 1.35 (10.04%)
Habib Insurance / Jul 10 Habib Insurance Company Limited(HICL)	11.52 ▲ 1.05 (10.03%)
J.A.Textile / Jul 10 J.A. Textile Mills Limited(JATM)	29.76 ▲ 2.71 (10.02%)
Beco Steel Ltd / Jul 10 Beco Steel Limited(BECO)	28.89 ▲ 2.63 (10.02%)
Ghazi Fabrics / Jul 10 Ghazi Fabrics International Limited(GFIL)	12.74 ▲ 1.16 (10.02%)
Zahid Jee Textile / Jul 10 Zahidjee Textile Mills Limited(ZAHID)	85.54 ▲ 7.78 (10.01%)
PIA Holding Co.B / Jul 10 PIA Holding Company Limited B(PIAHCLB)	23,775.40 ▲ 2161.4 (10%)
Arpak Int. / Jul 10 Arpak International Investments Ltd.(ARPAK)	68.51 ▲ 6.23 (10%)
Suhail Jute / Jul 10 Suhail Jute Mills Limited(SUHJ)	109.58 ▲ 9.96 (10%)

Stock	Price
TPL Trakker Ltd / Jul 10 TPL Trakker Limited(TPLT)	8.02 ▼ -1 (-11.09%)
Fateh Ind. / Jul 10 Fateh Industries Limited(FIL)	133.70 ▼ -14.85 (-10%)
F.Credit & Inv / Jul 10 First Credit and Investment Bank Limited(FCIBL)	16.13 ▼ -1.79 (-9.99%)
Trust Mod. / Jul 10 Trust Modaraba(TRSM)	8.79 ▼ -0.93 (-9.57%)
Nazir Cotton Mills / Jul 10 Nazir Cotton Mills Limited(NCML)	13.81 ▼ -1.19 (-7.93%)
Din Tex. / Jul 10 Din Textile Mills Limited(DINT)	106 ▼ -8.6 (-7.5%)
Nets Internat.Comm. / Jul 10 Nets International Communication Limited(GEMNETS)	28 ▼ -2 (-6.67%)
Redco Textile / Jul 10 Redco Textiles Limited(REDCO)	26.25 ▼ -1.62 (-5.81%)
Haseeb Waqas / Jul 10 Haseeb Waqas Sugar Mills Limited(HWQS)	21.26 ▼ -1.27 (-5.64%)
TPL Corp Ltd / Jul 10 TPL Corp Limited(TPL)	5.65 ▼ -0.33 (-5.52%)

Stock	Volume
B.O.Punjab / Jul 10 The Bank of Punjab(BOP)	53,593,739 ▲ 0.43
Kohinoor Spining / Jul 10 Kohinoor Spinning Mills Limited(KOSM)	22,185,079 ▲ 0.12
Fast Cables / Jul 10 Fast Cables Limited(FCL)	18,634,295 ▲ 1.08
Aisha Steel Mill / Jul 10 Aisha Steel Mills Limited(ASL)	16,318,882 ▲ 0.23
Ghani Chemworld / Jul 10 Ghani Chemworld Limited(GCWL)	15,582,370 ▼ -0.61
Secure Logistics / Jul 10 Secure Logistics Group Limited(SLGL)	13,094,848 ▲ 0.78
Beco Steel Ltd / Jul 10 Beco Steel Limited(BECO)	12,343,019 ▲ 2.63
WorldCall Telecom / Jul 10 Worldcall Telecom Limited(WTL)	12,337,216 ▼ -0.02
Invest Bank / Jul 10 Invest Capital Investment Bank Limited(ICIBL)	11,794,250 ▲ 0.83
Big Bird Foods / Jul 10 Big Bird Foods Limited(BBFL)	10,230,706 ▲ 1

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