News Archives for Print - 2024-06-14

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Print - 2024-06-14

Court to hear pleas of IK, Bushra today

ISLAMABAD: A local court on Thursday adjourned the hearing of Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and...

Published 14 Jun, 2024 07:46am

DCs told to ensure best cleanliness on Eid

LAHORE: Chief Secretary Punjab Zahid Akhtar Zaman has directed all the Deputy Commissioners to ensure the best...

Published 14 Jun, 2024 07:44am

Energy

Eid-ul-Azha holidays: FESCO sets up emergency centres

FAISALABAD: On the special directives of the Ministry of Energy (Power Division), Chief Executive Officer (CEO)...

Published 14 Jun, 2024 07:42am

Formation of 40 standing bodies approved

ISLAMABAD: Following the presentation of the budget for the fiscal year 2024-25, a circular for the formation of 40...

Published 14 Jun, 2024 07:41am

‘Federal budget will bring no change in common man life’

KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor while commenting on the federal budget said honestly...

Published 14 Jun, 2024 07:36am

IK, others acquitted in vandalism case

ISLAMABAD: A local court on Thursday acquitted Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan and ...

Published 14 Jun, 2024 07:32am

Introduction of digital advertising discussed

ISLAMABAD: Capital Development Authority (CDA) Chairman Muhammad Ali Randhawa chaired a meeting on Thursday to...

Published 14 Jun, 2024 07:30am

Launch of Phase II of the Maritime Security Project – funded by the U.S. Government

KARACHI: The Government of Pakistan and the United Nations Office on Drugs and Crime (UNODC) launched ‘Improved...

Published 14 Jun, 2024 07:29am

Probe into threats, harassment to judge launched

LAHORE: Inspector General of Police (IGP) Punjab on Thursday told the Lahore High Court that an investigation had...

Published 14 Jun, 2024 07:24am

Interference of spy agencies: PTI asks CJP to convene judicial convention

ISLAMABAD: In order to protect the independence of the judiciary, Pakistan Tehreek-e-Insaf (PTI) on Thursday ...

Published 14 Jun, 2024 07:20am

HRCP issues 2023 report: Sindh’s law and order crisis, other violations pervasive

KARACHI: The Human Rights Commission of Pakistan’s (HRCP) annual report on the state of human rights in 2023...

Published 14 Jun, 2024 07:19am

LHC asked police to alleged abduction report of PTI activist

LAHORE: The Lahore High Court on Thursday asked the home department and police to submit their reports about the...

Published 14 Jun, 2024 07:16am

SSGC removes 2,500 illegal gas connections, three held

KARACHI: SSGC’s relentless pursuit of gas theft miscreants has continued in the Company’s franchise provinces of...

Published 14 Jun, 2024 07:14am

SU, CUVAS ink MoU to enhance research in various fields

HYDERABAD: The University of Sindh (SU) Jamshoro and the Cholistan University of Veterinary and Animal Sciences...

Published 14 Jun, 2024 07:14am

The Weather

KARACHI: The weather report on Thursday (June 13, 2024) and the forecast for Friday (June 14, 2024)...

Published 14 Jun, 2024 06:31am

Eid holidays: Health dept orders uninterrupted medical cover

LAHORE: The Punjab Health Department has issued directions to management of different public sector hospitals across...

Published 14 Jun, 2024 06:31am

Dargai Rehabilitation Project: Wapda awards Rs10.6bn contract for civil, electro-mechanical works

LAHORE: Wapda has awarded the contract for civil and electro-mechanical works for rehabilitation of Dargai Hydel...

Published 14 Jun, 2024 06:31am

FAPUASA rejects federal budget

LAHORE: The Federation of All Pakistan Universities Academic Staff Association (FAPUASA) unequivocally rejects the...

Published 14 Jun, 2024 06:31am

Private Schools & Colleges Association rejects budget

ISLAMABAD: All Pakistan Private Schools & Colleges Association while expressing serious concerns over neglecting...

Published 14 Jun, 2024 06:31am

G7 agrees on loan deal to support Ukraine with Russian assets

BORGO EGNAZIA (Italy): Leaders of the Group of Seven (G7) major democracies agreed an outline deal on Thursday to...

Published 14 Jun, 2024 06:31am

Russia sends US reporter Gershkovich’s case to trial

MOSCOW: Russian prosecutors sent US journalist Evan Gershkovich’s case to court on Thursday, paving the way for ...

Published 14 Jun, 2024 06:31am

Battles rage in Rafah after US says Gaza truce still possible

GAZA STRIP: Israeli helicopters struck Gaza’s Rafah Thursday, residents said, with Hamas militants reporting ...

Published 14 Jun, 2024 06:31am

European police say ‘major’ cocaine smuggling ring busted

MADRID: European police forces have arrested around 40 people in a years-long operation to bust a major drug...

Published 14 Jun, 2024 06:31am

Europe

UK’s Labour pitches for power with ‘wealth creation’ pledge

MANCHESTER: Britain’s Labour party launched a “manifesto for wealth creation” Thursday, pledging to get the...

Published 14 Jun, 2024 06:31am

Iran expands nuclear capacities further: IAEA

VIENNA: Iran is further expanding its nuclear capacities, the UN atomic watchdog said Thursday, one week after the...

Published 14 Jun, 2024 06:31am

At least 22 killed in artisanal mine collapse in Mali

BAMAKO: At least 22 artisanal gold miners died in southern Mali on Saturday after the shaft they were working in...

Published 14 Jun, 2024 06:31am

Afghanistan to send three women and three men to compete at Olympics

LAUSANNE: Afghanistan will send a team of three women and three men to the Paris Olympics as demanded by the...

Published 14 Jun, 2024 06:31am

Europe

Chaos on French right as Macron snap poll reshapes politics

PARIS: French right-wing parties were mired by infighting Thursday as campaigning intensified for snap elections...

Published 14 Jun, 2024 06:31am

Pakistan lacks vision to achieve targets of Digital Pakistan initiative: GSMA

ISLAMABAD: The GSMA has said that Pakistan lacks vision and direction towards digitalisation to achieve the targets...

Published 14 Jun, 2024 06:31am

BYC struggling against violation of rights: Dr Mahrang

KARACHI: The Baloch Yakjehti Committee chief and a prominent human rights leader Dr Mahrang Baloch Thursday vowed to...

Published 14 Jun, 2024 06:31am

Rates

LME official prices

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

Published 14 Jun, 2024 06:31am

Paper

Lahore Paper Market Rates

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

Published 14 Jun, 2024 06:31am

Grains

Lahore Grain Market Rates

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

Published 14 Jun, 2024 06:31am

Rates

Shipping Intelligence

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

Published 14 Jun, 2024 06:31am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (June 13, 2024). ==================================== BR...

Published 14 Jun, 2024 06:31am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (June 13, 2024). ========================== KIBOR...

Published 14 Jun, 2024 06:31am

Rates

Activities at Karachi Port Trust

KARACHI: The Karachi Port Trust handled 160,988 tonnes of cargo comprising 133,806 tonnes of import cargo and 27,182...

Published 14 Jun, 2024 06:31am

PARTLY FACETIOUS: ‘We taxpayers give residences to cabinet members and...’

“What’s with politicians!” “Mark Twain wrote, reader, suppose you were an idiot. And suppose you were a...

Published 14 Jun, 2024 06:31am

Aggrieved insurance policyholders: President directs FIO to provide speedy, cost-free justice

ISLAMABAD: President Asif Ali Zardari has directed the Federal Insurance Ombudsman (FIO) to provide speedy and...

Published 14 Jun, 2024 06:31am

IK’s and Qureshi’s acquittal: Govt challenges IHC’s verdict in cypher case

ISLAMABAD: Federal Investigation Agency (FIA) contended that Islamabad High Court (IHC)’s order to release ...

Published 14 Jun, 2024 06:31am

Leadership crisis in the Muslim world

It is a massacre. It is a genocide. It is butchery. It is children. It is the new born. It is the unborn. Never has...

Updated 14 Jun, 2024 08:01am

Letters

‘Dr Alvi’s 7 points’

This is apropos two letters to the Editor by this writer titled “Dr Alvi’s 7 points” carried by the newspaper...

Published 14 Jun, 2024 06:31am

Numerous flaws identified in hybrid biometric terminal

ISLAMABAD: A global cybersecurity company has identified numerous flaws in the hybrid biometric terminal produced by...

Published 14 Jun, 2024 06:31am

PSDP-2024-25: Standing committee says concerned at inclusion of ‘non-development’ projects

ISLAMABAD: The members of the Standing Committee on Planning, Development, and Special Initiatives raised concerns...

Published 14 Jun, 2024 06:31am

Budget: an analysis

Flanked by the Deputy Prime Minister, Muhammad Ishaq Dar, once hailed as the PM-N’s (Pakistan Muslim...

Updated 14 Jun, 2024 07:56am

A stagflationary federal budget

Stagflation is a situation when economic growth is stagnating, and inflation is also increasing. Growth requires...

Updated 14 Jun, 2024 07:57am

Stocks

Nikkei ends lower ahead of BOJ policy decision

TOKYO: Japan’s Nikkei share average fell on Thursday, reversing early gains amid caution around the Bank of...

Published 14 Jun, 2024 06:31am

Stocks

IT leads Indian shares to record closing highs

BENGALURU: Indian shares logged record closing highs on Thursday, amid a global rally after softer-than-expected US...

Published 14 Jun, 2024 06:31am

Stocks

China stocks fall amid growing trade frictions

SHANGHAI: China stocks fell on Thursday as Europe’s additional tariffs on Chinese electric cars deepened economic...

Published 14 Jun, 2024 06:31am

Stocks

Automakers lead European shares lower

FRANKFURT: European shares slipped on Thursday, with automakers falling on continued jitters over the European...

Published 14 Jun, 2024 06:31am

Stocks

Dow, S&P 500 pull back as markets digest data

NEW YORK: The S&P 500 and the Dow indexes slipped on Thursday as investors weighed hawkish Federal Reserve...

Published 14 Jun, 2024 06:31am

Companies

Pak-Afghan region of Eurasia & ME operation unit: VolkanÖngüç takes charge as new VP of Coca-Cola Co

ISLAMABAD: VolkanÖngüç has taken charge as the new Vice President for Pakistan and Afghanistan Region of Eurasia...

Published 14 Jun, 2024 06:31am

Money & Banking

Bank holidays

KARACHI: The State Bank of Pakistan (SBP) will remain closed from 17th to 19th June 2024 (Monday to Wednesday) being...

Published 14 Jun, 2024 06:31am

Pakistan will not attend ‘Ukraine peace summit’: FO

ISLAMABAD: Foreign Office said on Thursday that Pakistan will not attend the “Ukraine peace summit” due to “a...

Published 14 Jun, 2024 06:31am

Rs5.44trn Punjab budget presented

LAHORE: The Punjab government presented budget for financial year 2024-25 with a total outlay of Rs 5,446 billion in...

Published 14 Jun, 2024 06:31am

Opposition denounces Punjab budget

KARACHI: In a turbulent session, the Punjab Assembly witnessed a dramatic rejection of the proposed budget for the...

Published 14 Jun, 2024 06:31am

Rs842bn allocated for ADP

LAHORE: The Punjab government has allocated an amount of Rs842 billion for the Annual Development Programme...

Published 14 Jun, 2024 06:31am

Rates

Bulls return to PSX in big way on FY25 Budget

KARACHI: Pakistan Stock Exchange warmly welcomed the federal budget for FY2024-25 and made new history as the...

Published 14 Jun, 2024 06:31am

Forex

Kerb buying and selling rate of US dollar

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

Published 14 Jun, 2024 06:31am

Forex

Dollar's rate in Interbank market

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

Published 14 Jun, 2024 06:31am

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 Jun, 2024 06:31am

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 14 Jun, 2024 06:31am

‘Federal budget appears to be more politically driven’: HCST&SI

HYDERABAD: Muhammad Farooq Shaikhani, President Hyderabad Chamber of Small Traders & Small Industry...

Published 14 Jun, 2024 06:31am

Commodities

Iron ore futures rebound

SINGAPORE/BEIJING: Iron ore futures prices ticked up on Thursday, helped by Beijing’s latest move to revive its...

Published 14 Jun, 2024 06:31am

Cotton & Textile

Cotton market: Polyester fibre available at Rs 367 per kg

LAHORE: The local cotton market on Thursday remained steady and the trading volume remained low. According to...

Published 14 Jun, 2024 06:31am

Cotton & Textile

Cotton spot rates

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

Published 14 Jun, 2024 06:31am

Commodities

Copper under pressure on Fed rate cut outlook

LONDON: Copper prices slipped on Thursday while the dollar steadied after the Federal Reserve pushed back a ...

Published 14 Jun, 2024 06:31am

Commodities

Asia rice: High shipping costs dent Vietnam’s rates; Indian, Thai variants steady

BENGALURU, MUMBAI, BANGKOK, HANOI AND BD: Rice export prices from Vietnam this week dipped slightly on rising...

Published 14 Jun, 2024 06:31am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 26.946...

Published 14 Jun, 2024 06:31am

Commodities

India’s May palm oil imports hit 4-month high

MUMBAI: India’s palm oil imports rose by 11.6% in May from the previous month to reach the highest level in four...

Published 14 Jun, 2024 06:31am

Commodities

Coffee prices down in Vietnam

HANOI/BANDAR LAMPUNG, (INDONESIA): Coffee prices in Vietnam edged down slightly this week tracking global prices as...

Published 14 Jun, 2024 06:31am

India-Pakistan ties – need for engagement

EDITORIAL: If one was hoping for a potential thaw in relations between India and Pakistan following the BJP’s...

Updated 14 Jun, 2024 07:54am

Striking the right balance

EDITORIAL: In yet another bid to put the digital space under a tighter leash, a national firewall is reportedly ...

Published 14 Jun, 2024 06:31am

Energy

Petrol price likely to come down

ISLAMABAD: The ex-depot petrol prices may come down by Rs9.23 per litre and high-speed diesel (HSD) by Rs4.02 per...

Published 14 Jun, 2024 06:31am

Country’s first and one of world’s largest: 550MW floating solar energy project launched

KARACHI: Pakistan’s first and one of the world’s largest 550MW floating solar energy project has been launched in...

Updated 14 Jun, 2024 09:00am

Incentives to deserving classes: Ogra, ministry asked to elucidate mechanism

ISLAMABAD: The Senate Standing Committee on Finance has directed the Oil and Gas Regulatory Authority (Ogra) to find...

Updated 14 Jun, 2024 09:21am

Study of transmission line SCS: NPCC may send engineers as Chinese team not coming

ISLAMABAD: The National Power Control System (NPCC) is likely to despatch its two engineers to China to study...

Updated 14 Jun, 2024 09:13am

Wind projects’ tariff issues stay unresolved: Islamabad should not expect any investment from DFC: US team

ISLAMABAD: United States Treasury Department delegation led by Assistant Secretary Brent Neiman on Thursday...

Updated 14 Jun, 2024 09:00am

Punjab to get Rs3.683trn from Federal Divisible Pool

LAHORE: The Punjab government has estimated to receive an amount of Rs 3683,103.227 million from Federal Divisible...

Updated 14 Jun, 2024 09:14am

Engine capacity to invoice base value: Punjab govt shifts token tax regime

LAHORE: In line with the federal government, the Punjab government has also shifted token tax regime from engine...

Updated 14 Jun, 2024 09:21am

Punjab’s debt stock may stand at Rs1.685trn at June-end

LAHORE: At the end of June 2024, debt stock of the Punjab government may stand at Rs. 1,685 billion, out of which...

Updated 14 Jun, 2024 09:00am

Aurangzeb vows to raise tax-to-GDP ratio to 13pc

ISLAMABAD: Finance Minister Muhammad Aurangzeb, Thursday, defended taxation measures taken in the budget for the...

Updated 14 Jun, 2024 09:14am

Rs9bn approved for clearing OMCs’ PDCs: ECC allows export of 0.15 MMTs of surplus sugar

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed export of 0.15 million MTs of...

Updated 14 Jun, 2024 08:20am

Senate panel informed: Upto Rs6trn tax leakage taking place annually

Finance Minister Muhammad Aurangzeb says massive tax leakage can be effectively checked through enforcement of tax laws

Updated 14 Jun, 2024 09:26am

Health sector: Punjab govt sets aside Rs539.15bn

LAHORE: The PML-N led Punjab government has set aside an amount of Rs 539.15 billion for health sector in the budget...

Published 14 Jun, 2024 06:31am

Punjab cabinet approves budget

LAHORE: “Neither new taxes imposed nor rate of existing taxes increased in the current budget,” Chief Minister...

Published 14 Jun, 2024 06:31am

Punjab proposes allocation of Rs64.6bn for agri sector

LAHORE: The Punjab government has proposed an allocation of over Rs 64.6 billion for the agricultural sector for the...

Published 14 Jun, 2024 06:31am

Companies

Non-Compete Deeds of Covenant and CSPA: CCP grants exemption till Dec 2025 on specific clauses

ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted exemption till December 2025 on specific clauses...

Published 14 Jun, 2024 06:31am

Debate begins: Opposition in Senate assails govt, budget

ISLAMABAD: The federal government, Thursday, came under scathing criticism from the opposition over preparing...

Published 14 Jun, 2024 06:31am

Industry

PCAA gets positive preliminary report from ICAO

KARACHI: The Pakistan Civil Aviation Authority (PCAA) has received a positive preliminary report from the...

Published 14 Jun, 2024 06:31am

Money & Banking

BoK inaugurates women-centric Islamic Banking branch in Hayatabad

PESHAWAR: Bank of Khyber (BoK) announced the inauguration of the very first women-centric Islamic Banking branch in...

Published 14 Jun, 2024 06:31am

Companies

Gong ceremony held to celebrate GEM Board listing of Mughal Energy Ltd

KARACHI: A gong ceremony was held at Pakistan Stock Exchange (PSX) on Thursday to celebrate the listing of Mughal...

Published 14 Jun, 2024 06:31am

Money & Banking

Bank Alfalah launches country’s first digital agri financing product

KARACHI: Bank Alfalah has announced the launch of Pakistan’s First Digital Agriculture Financing product and...

Published 14 Jun, 2024 06:31am

Listed companies: SECP issues ESG Voluntary Disclosure Guidelines

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has taken a major stride towards promoting...

Published 14 Jun, 2024 06:31am

Money & Banking

Asian currencies firmer as dollar eases

BENGALURU: Most Asian currencies and stocks gained on Thursday, as the dollar weakened on softer-than-expected US...

Published 14 Jun, 2024 06:31am

Money & Banking

Australia, NZ dollars cheer US inflation relief

SYDNEY: The Australian and New Zealand dollars were consolidating gains on Thursday after a surprisingly soft ...

Published 14 Jun, 2024 06:31am

Money & Banking

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 14	284.77
USD PKR Interbank Buying / Jul 14	284.52
USD to Japanese Yen / Jul 14	147.26
USD to Swiss Franc / Jul 14	0.80
Pound Sterling to USD / Jul 14	1.35
Euro to USD / Jul 14	1.17
UK LIBOR % / Jul 11	4.96

Stock	Volume
S&P 500 / Jul 11	6,259.75
Nasdaq / Jul 11	20,585.53
Dow Jones / Jul 11	44,371.51
India Sensex / Jul 14	82,253.46
Tokyo Nikkei / Jul 14	39,459.62
Hang Seng / Jul 14	24,260.76
FTSE 100 / Jul 14	8,955.66
Germany DAX 30 / Jul 14	24,036.07
France CAC40 / Jul 14	7,779.51

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 11	16,585
Gold 10 Grams PKR / Jul 11	306,069
Crude Oil USD/Barrel / Jul 14	69.32
Gold Spot USD/Ounce / Jul 14	3,371.80
Cotton US¢/pound / Jul 14	67.54
Petrol/Litre / Jul 15	266.79
Diesel/Litre / Jul 15	272.98

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