News Archives for Print - 2024-05-30

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Print - 2024-05-30

Court delays ruling on IK’s ‘unlawful’ marriage conviction

ISLAMABAD: The district and sessions judge on Wednesday did not announce its verdict on Pakistan Tehreek-e-Insaf...

Published 30 May, 2024 06:42am

ConocoPhillips announces takeover of Marathon Oil for $22.5bn

NEW YORK: US energy giant ConocoPhillips announced Wednesday that it will acquire competitor Marathon Oil in an...

Published 30 May, 2024 06:19am

UK’s first black woman lawmaker barred from running for Labour

LONDON: Britain’s first Black woman lawmaker, Diane Abbott, said on Wednesday she had been barred from running as ...

Published 30 May, 2024 06:19am

IMF lifts China growth forecast but warns on industrial policy

BEIJING: The International Monetary Fund on Wednesday raised its yearly growth forecast for China, but warned that...

Published 30 May, 2024 06:19am

Saudi FM thanks European nations for recognition of Palestinian state

MADRID: Saudi Foreign Minister Prince Faisal bin Farhan on Wednesday thanked Ireland, Norway and Spain for...

Published 30 May, 2024 06:19am

South Africa votes with long ANC dominance under threat

SOWETO (South Africa): South Africa’s ruling ANC was fighting Wednesday to defy expectations that it could lose ...

Published 30 May, 2024 06:19am

Rich nations met $100bn climate finance goal two years late: OECD

PARIS: Wealthy countries met their target of providing $100 billion in annual climate aid to poorer countries for ...

Published 30 May, 2024 06:19am

US allows Cuban entrepreneurs conditional banking access

WASHINGTON: Private sector entrepreneurs in Cuba will be able to establish US bank accounts which they can remotely...

Published 30 May, 2024 06:19am

Workshop on AI held

ISLAMABAD: A workshop on Artificial Intelligence (AI) was held at the Ministry of IT and Telecommunication on...

Published 30 May, 2024 06:19am

Minister inaugurates clean drinking water facility at Narowal

LAHORE: Federal Minister for Planning & Development Ahsan Iqbal inaugurated Nestlé Pakistan’s clean and safe...

Published 30 May, 2024 06:19am

Local govt law to be strengthened further: Minister

LAHORE: Punjab Local Government Minister Zeeshan Rafique said that women, minorities, farmers/workers, technocrats...

Published 30 May, 2024 06:19am

LHC allows PTI backed candidate’s plea

LAHORE: The Lahore High Court allowed a petition of a PTI backed independent candidate Muhammad Saadullah and set...

Published 30 May, 2024 06:19am

LGH establishes special helpline for measles patients

LAHORE: With rise in cases of measles, the Lahore General Hospital (LGH) has established a special helpline for the...

Published 30 May, 2024 06:19am

Illicit cigarettes destroyed

ISLAMAABAD: A ceremony for destruction of massive quantity of illicit/ smuggled/ counterfeit cigarettes was held by...

Published 30 May, 2024 06:19am

Heirs of martyred police, other officials to get residential plots

PESHAWAR: The provincial government of Khyber Pakhtunkhwa has decided in principles that heirs of police and other...

Published 30 May, 2024 06:19am

Women’s mobile ownership, internet use adoption in Pakistan: Family approval, affordability, literacy continue to be key barriers: report

ISLAMABAD, Family approval, affordability, and literacy continue to be key barriers to women’s mobile ownership ...

Published 30 May, 2024 06:19am

Alleged foul play in NA-47 Islamabad: ET gives PML-N lawmaker final deadline to submit reply

ISLAMABAD: The Election Tribunal has given Pakistan Muslim League Nawaz (PML-N) lawmaker Tariq Fazal Chaudhry the...

Published 30 May, 2024 06:19am

Emerging technologies set to enhance security strategy: Kidwai

ISLAMABAD: Advisor to the National Command Authority and former Director General of the Strategic Plans Division Lt...

Published 30 May, 2024 06:19am

CLICK starts process of handing over websites to all towns

KARACHI: Local Government Department Project CLICK has started the process of handing over the newly created ...

Published 30 May, 2024 06:19am

Blasphemy-related cases: CCI urges govt to set up special courts

ISLAMABAD: The Council of Islamic Ideology (CII), Wednesday, while condemning Sargodha violence has recommended the...

Published 30 May, 2024 06:19am

260 illegal gas connections removed

KARACHI: SSGC continued relentlessly to tighten the noose on gas theft in its franchise areas of Sindh and...

Published 30 May, 2024 06:19am

Jan to Mar, 2024: 1.3m attack attempts on popular children’s online games detected

ISLAMABAD: A global cybersecurity firm has detected nearly 1.3 million attack attempts on kids’ popular...

Published 30 May, 2024 06:19am

Armed Forces pay tribute to martyrs on UN Peacekeeping Day

RAWALPINDI: The Pakistan Armed Forces on Wednesday paid tribute to its martyrs who had rendered the ultimate...

Published 30 May, 2024 06:19am

Samsung Electronics workers’ union announces first strike

SEOUL: A major union representing tens of thousands of people at South Korean tech giant Samsung Electronics said...

Published 30 May, 2024 06:19am

India’s capital hits record 50.5 Celsius in fierce heat wave

NEW DELHI: Temperatures in India’s capital soared to a record-high 50.5 degrees Celsius (122.9 Fahrenheit)...

Published 30 May, 2024 06:19am

Israel denounced over Gaza health emergency at WHO meeting

GENEVA: More than 30 countries condemned Israel’s attacks on hospitals in Gaza and demanded more scrutiny of its...

Published 30 May, 2024 06:19am

Farmers to be issued ‘Benazir Hari Cards’: CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that farmers would be issued Benazir Hari Cards ...

Published 30 May, 2024 06:19am

Oman wants to import onion, other agri products from Pakistan: CG

KARACHI: Consul General of the Sultanate of Oman Eng. Sami Abdullah Al Khanjari has said that Omani government...

Published 30 May, 2024 06:19am

Blasphemy accused bail case: SC reserves verdict on review plea

ISLAMABAD: The Supreme Court reserved judgment in the Punjab provincial government’s petition to review its order...

Published 30 May, 2024 06:19am

Poet Farhad in custody of AJK police, IHC told

ISLAMABAD: The Attorney General for Pakistan (AGP) Mansoor Usman Awan informed the Islamabad High Court (IHC) that...

Published 30 May, 2024 06:19am

New cases: lawyer says IK seeks live streaming of hearings

ISLAMABAD: The incarcerated former Prime Minister Imran Khan on Wednesday sought live streaming of the new cases...

Published 30 May, 2024 06:19am

UK HC’s speech: SC says it has acknowledged the mistakes, addressed them in detail

ISLAMABAD: The Supreme Court of Pakistan (SCP) said it has acknowledged the mistakes made in its past, addressed ...

Published 30 May, 2024 06:19am

The Weather

KARACHI: The weather report on Wednesday (May 29, 2024) and the forecast for Thursday (May 30, 2024)...

Published 30 May, 2024 06:19am

Rates

Stocks end deep in the red

KARACHI: Pakistan Stock Exchange on Wednesday witnessed a bearish trend and closed in deep red with heavy losses due...

Published 30 May, 2024 06:19am

Industry

PSMA clarification

LAHORE: Pakistan Sugar Mills Association (Punjab Zone) has categorically denied a news report carried Business...

Published 30 May, 2024 06:19am

Big quantity of ‘Ice Meth’ seized

KARACHI: Joint mega Anti-Narcotics operation by Meritime Security Agency and Customs Intelligence, Karachi seizes...

Published 30 May, 2024 06:19am

Met Office says heatwave spell to continue for another 2 days

KARACHI: The unyielding heatwave spell battered mainly the southern parts of the country on Wednesday, as the Met...

Published 30 May, 2024 06:19am

Local councils: CM imposes ban on transfers/postings/new recruitments

KARACHI: Sindh Chief Minister Syed Murad Ali Shah to improve transparency, working and efficiency of local councils...

Published 30 May, 2024 06:19am

Separate barracks to be allocated to beggars in jails

LAHORE: Punjab Home Secretary Noor-ul-Amin Mengal has directed to allocate barracks for beggars in jails across...

Published 30 May, 2024 06:19am

IK moves LHC against Punjab cabinet’s decision

LAHORE: Former PTI chairman Imran Khan has approached the Lahore High Court against a Punjab cabinet decision to...

Published 30 May, 2024 06:19am

MCC Pakistan devises transformational plan for gender equality & inclusion

KARACHI: Male Champions of Change (MCC) Pakistan’s members convened for their quarterly meeting in Karachi, hosted...

Published 30 May, 2024 06:19am

Industry

Youm-e-Takbeer holiday unnecessary: PHMA

FAISALABAD: Sudden and unnecessary holiday on Youm-e-Takbeer is not only contradictory to the economic revival ...

Published 30 May, 2024 06:19am

CM takes notice of deaths caused by measles in Patoki

LAHORE: Taking serious notice of the deaths of children due to measles in Patoki, Chief Minister Punjab Maryam Nawaz...

Published 30 May, 2024 06:19am

Market lesson in India’s election

How instructive to watch the cold, ruthless logic of the market at play around the Indian election. It turns out ...

Updated 30 May, 2024 06:53am

Race to view, to follow, to influence

IPads are for toddlers. A 10-month-old can scroll and choose his or her favourite cartoon. That maybe insane but...

Updated 30 May, 2024 06:55am

UHS introduces new policies to protect medical students

LAHORE: The University of Health Sciences (UHS) has prohibited medical colleges from imposing fines on their ...

Published 30 May, 2024 06:19am

Sindh needs holistic approach, self-reliance to face disasters: experts

HYDERABAD: Experts at a workshop on Wednesday stressed the need for a comprehensive plan to achieve the goals of...

Published 30 May, 2024 06:19am

Roche Pakistan holds panel discussion on MS

KARACHI: In recognition of World Multiple Sclerosis Day, Roche Pakistan Limited held a panel discussion to raise...

Published 30 May, 2024 06:19am

Punjab PA Speaker meets ex-premier AJK

LAHORE: Punjab Assembly Speaker Malik Muhammad Ahmed Khan met with former prime minister of Azad Kashmir Raja Farooq...

Published 30 May, 2024 06:19am

Pakistan committed to preserve Buddhists heritage: Dar

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar has said that Pakistan is committed to preserve...

Published 30 May, 2024 06:19am

Gaza genocide: Mufti Muneeb backs JI’s march

KARACHI: Jamaat-e-Islami's (JI) acting chief of its Karachi chapter, Munem Zafar on Wednesday met with renowned...

Published 30 May, 2024 06:19am

Stocks

Wall St slides as rate jitters drive bond yields higher

NEW YORK: Wall Street indexes retreated on Wednesday, led by declines in rate-sensitive sectors as concerns around...

Published 30 May, 2024 06:19am

Stocks

European shares suffer worst day in over 6 weeks

PARIS: European shares declined on Wednesday as worries that global interest rates will stay elevated for longer...

Published 30 May, 2024 06:19am

Stocks

China stocks close higher after IMF forecasts

SHANGHAI: China stocks ended slightly higher on Wednesday, after the International Monetary Fund (IMF) upgraded its...

Published 30 May, 2024 06:19am

Stocks

Nikkei sheds early gains amid rising JGB yields

TOKYO: Japan’s Nikkei share average shed early gains to end lower on Wednesday as investors sold growth stocks...

Published 30 May, 2024 06:19am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 290,495 tonnes of cargo comprising 118,316 tonnes of import cargo and ...

Published 30 May, 2024 06:19am

Letters

China on the verge of greatness

That the second half of the current century belongs to China is a strong probability, although the former Middle...

Published 30 May, 2024 06:19am

Palestine and the revenge-based disorder of US

“If you wrong us, shall we not revenge?” Inquires Shylock, a Jew in Shakespeare’s Merchant of Venice. “If ...

Updated 30 May, 2024 06:59am

Adoption of digital information and communication technologies for sesame cultivation

The cultivation of sesame in Pakistan has emerged as a promising solution to meet the country’s growing demand for...

Updated 30 May, 2024 06:57am

PARTLY FACETIOUS: ‘She should fire her tailor’

“So tell me why was the notification for a countrywide holiday on 28 May so late in the coming. I mean, it was well...

Updated 30 May, 2024 06:51am

Rates

LME official prices

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

Published 30 May, 2024 06:19am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (May 29, 2024). ========================== KIBOR...

Published 30 May, 2024 06:19am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 29, 2024)....

Published 30 May, 2024 06:19am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (May 29, 2024). ==================================== BR...

Published 30 May, 2024 06:19am

Rising commodity prices: MoC likely to set up panel to exercise MEP restrictions

ISLAMABAD: Commerce Ministry is likely to constitute a committee to exercise restrictions of Minimum Export Price...

Updated 30 May, 2024 08:38am

Tax Laws Amendment Act has a retrospective effect, rules ATIR Islamabad

ISLAMABAD: Appellate Tribunal Inland Revenue Islamabad has ruled that Tax Laws Amendment Act, 2024 has a...

Updated 30 May, 2024 08:37am

Surveillance purposes: IHC asks telecos not to record calls, data

ISLAMABAD: The Islamabad High Court (IHC) restrained the telecom companies from recording phone calls and data for...

Updated 30 May, 2024 08:54am

The largest container vessel ever to berth in Pakistan: Hutchison greets maiden call of CV MSC ANNA

KARACHI: Hutchison Ports Pakistan on Wednesday welcomed the maiden call of the CV MSC ANNA, the largest container...

Updated 30 May, 2024 09:26am

PAKSAT-MM1 to be launched into space today

ISLAMABAD: Pakistan’s advanced communication satellite, PAKSAT-MM1, will be launched into space on Thursday (today)....

Updated 30 May, 2024 08:37am

Commodities

Gold gains Rs2400 per tola

KARACHI: Gold prices on Wednesday saw a big stride on the local market with silver gaining momentum, traders said....

Published 30 May, 2024 06:19am

Energy

Pakistan Cables completes commissioning of 2MW on grid solar power plant at Nooriabad

KARACHI: Pakistan Cables, the nation’s pioneer wires and cables manufacturer, has completed the successful...

Published 30 May, 2024 06:19am

Energy

No sectoral professionals on upcoming boards of Discos

LAHORE: No sectoral professionals are being made part of the upcoming boards of power distribution companies ...

Published 30 May, 2024 06:19am

Energy

‘Time ripe for investment in solar energy’

LAHORE: Investing in solar is not just about energy; it’s about fostering sustainable development, reducing...

Published 30 May, 2024 06:19am

Energy

Oil prices ease on US gasoline demand worries, economic data

NEW YORK: Oil prices eased about 1% on Wednesday on worries over weak US gasoline demand and economic data that ...

Published 30 May, 2024 06:19am

Energy

US natural gas prices slide on rising output

NEW YORK: US natural gas futures slid about 3% on Wednesday on signs some drillers were starting to pull more gas ...

Published 30 May, 2024 06:19am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR17.144...

Published 30 May, 2024 06:19am

Commodities

Chicago wheat retreats from 10-month high

CANBERRA: Chicago wheat futures fell on Wednesday, as hopes for rain in parched Russian sowing areas led to ...

Published 30 May, 2024 06:19am

Commodities

Malaysian palm oil extends gains on better demand from key buyers

KUALA LUMPUR: Malaysian palm oil futures rose for a second consecutive session on Wednesday, as demand from top...

Published 30 May, 2024 06:19am

Commodities

Copper gains on prospects of better China demand

BEIJING: Copper prices rose on Wednesday amid prospects of better demand from top consumer China, although gains ...

Published 30 May, 2024 06:19am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (May 29, 2024)...

Published 30 May, 2024 06:19am

Cotton & Textile

Low volume of business on cotton market

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

Published 30 May, 2024 06:19am

Commodities

Iron ore extends decline despite more China property stimulus

BEIJING: Iron ore futures prices extended their declines to a third straight session on Wednesday, as weakening...

Published 30 May, 2024 06:19am

Commodities

Gold falls as traders hunker down for US inflation print

BENGALURU: Gold prices slipped on Wednesday as US Treasury yields firmed, while investors geared up for a crucial...

Published 30 May, 2024 06:19am

Energy

Khaqan demands govt deregulate petroleum sector

ISLAMABAD: Former prime minister Shahid Khaqan Abbasi said on Wednesday that the entire petroleum sector of the...

Published 30 May, 2024 06:19am

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 30 May, 2024 06:19am

Forex

Open market rates of foreign currencies

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

Published 30 May, 2024 06:19am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (May 29, 2024). ======================== Open Bid Rs...

Published 30 May, 2024 06:19am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (May 29, 2024)....

Published 30 May, 2024 06:19am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 29, 2024)...

Published 30 May, 2024 06:19am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (May 29, 2024). ======================================= Offset...

Published 30 May, 2024 06:19am

Monthly Economic Update and Outlook of EAW: Credit to private sector declines 39.7pc YoY

Finance Ministry states that expenditures remained under significant pressure due to rising mark-up payments

Updated 30 May, 2024 09:31am

Refined sugar export: third meeting of SAB also remains inconclusive

Taxes

E&T dept opens biometric registration system

KARACHI: Sindh Excise & Taxation department has inaugurated a modern biometric registration system and a queue...

Published 30 May, 2024 06:19am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 21	277.82
USD PKR Interbank Buying / Oct 21	277.60
USD to Japanese Yen / Oct 22	150.86
USD to Swiss Franc / Oct 22	0.87
Pound Sterling to USD / Oct 22	1.30
Euro to USD / Oct 22	1.08

Stock	Volume
S&P 500 / Oct 21	5,853.98
Nasdaq / Oct 21	18,540.01
FTSE 100 / Oct 21	8,318.24
Dow Jones / Oct 21	42,931.60
Germany DAX 30 / Oct 21	19,461.19
France CAC40 / Oct 21	7,536.23
India Sensex / Oct 22	80,819.52
Tokyo Nikkei / Oct 22	38,436.98

Item	Value
Gold 10 Grams PKR / Oct 21	242,027
Petrol/Litre / Oct 22	247.03
Crude Oil USD/Barrel / Oct 22	70.33
Karachi Cotton PKR/37.32 KG / Oct 22	18,085
Gold Spot USD/Ounce / Oct 22	2,734.40
Diesel/Litre / Oct 22	251.29

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 22 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 22 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 22 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 22 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 22 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 22 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 22 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 22 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 22 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 22 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 22 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 22 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 22 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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