News Archives for Print - 2024-07-08

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Print - 2024-07-08

Challenges await as UBS makes Credit Suisse merger official

ZURICH: Banking giant UBS on Monday officially merged its Swiss branches with those of Credit Suisse, but huge...

Published 08 Jul, 2024 08:25am

The Weather

KARACHI: The weather report on Sunday (July 07, 2024) and the forecast for Monday (July 08, 2024)....

Published 08 Jul, 2024 08:25am

Zardari to visit Lahore today

LAHORE: President Asif Ali Zardari will reach Lahore on three-day visit on Monday (today). According to sources,...

Published 08 Jul, 2024 08:25am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday July 07, 2024

Published 08 Jul, 2024 08:25am

KP govt initiates reforms to improve performance of 170 PSEs

PESHAWAR: The KP government has initiated reforms to improve the performance of its 170 public sector entities ...

Published 08 Jul, 2024 08:25am

Murad vows to lead promotion of voluntary blood donations in Sindh

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has expressed his government’s commitment to leading the...

Published 08 Jul, 2024 08:25am

Agriculture and SME finance expansion: SBP issues letters to banks to develop five-year plans

KARACHI: The Governor, State Bank of Pakistan (SBP), chaired the second Steering Committee meeting on July 4 on...

Published 08 Jul, 2024 08:25am

LUMS holds Graduation of 2024 Class

LAHORE: LUMS recently celebrated the graduation of 1,407 scholars at the University’s 36th Convocation. Surrounded...

Published 08 Jul, 2024 08:25am

Malaysian heroic movie ‘PASKAL’ screens in ASEAN Movie Night in embassy

ISLAMABAD: The Embassy of the Malaysia in Islamabad has screened the ASEAN Movie Night event featuring Malaysian ...

Published 08 Jul, 2024 08:25am

Shahrah-e-Faisal: SBCA to carry out work on external beautification of buildings

KARACHI: In light of the directives from the Sindh government, the Sindh Building Control Authority (SBCA) has...

Published 08 Jul, 2024 08:25am

Rainfall may trigger flash floods across country: PMD

KARACHI: Pakistan Meteorological department forecast on Sunday that during the next 24 hours, torrential rains may...

Published 08 Jul, 2024 08:25am

PDP too for annulling agreements with IPPs

KARACHI: Costly electricity is increasing the deindustrialization process fastly, which will further raise poverty...

Published 08 Jul, 2024 08:25am

‘Operation Ashura’: PIA launches special flights to Najaf

ISLAMABAD: Pakistan International Airlines (PIA) has launched a series of special flights to Najaf and Iraq to...

Published 08 Jul, 2024 08:25am

SAU’s ‘mango festival’, exhibition end on a positive note

HYDERABAD: The First Mango Festival and Exhibition, hosted by Sindh Agriculture University (SAU), Tandojam, and...

Published 08 Jul, 2024 08:25am

Presidents, secretaries: Installation ceremony of Rotary Club Faisalabad City held

FAISALABAD: Club installation ceremony of Rotary Club Faisalabad City was held at a local hotel. In the ceremony, ...

Published 08 Jul, 2024 08:25am

Nurses’ training on modern lines begins at LGH

LAHORE: Under the direction of Post Graduate Medical Institute Principal Prof Dr. Muhammad Al-Fareed Zafar, training...

Published 08 Jul, 2024 08:25am

500 Balochistan schools to benefit from school meal programme

ISLAMABAD: World Food Programme (WFP), Government of Balochistan and Benazir Income Support Programme (BISP) are...

Published 08 Jul, 2024 08:25am

DSP CTD Ali Raza killed

KKARACHI: Senior Counter-Terrorism Department officer DSP Ali Raza – a close colleague of late Chaudhry Aslam –...

Published 08 Jul, 2024 08:25am

Muharram security plan unveiled: 40,000 personnel to be deployed across KP

PESHAWAR: 40,000 security personnel would be deployed during the Muharram, whereas special contingents of the...

Published 08 Jul, 2024 08:25am

Health, education: KP CM for improving service delivery

PESHAWAR: KP Chief Minister Sardar Ali Amin Gandapur has directed the authorities of health and education ...

Published 08 Jul, 2024 08:25am

President for shunning differences, promoting national unity

ISLAMABAD: President Asif Ali Zardari has stressed upon the nation to nurture the qualities of affection, ...

Published 08 Jul, 2024 08:25am

Minister orders crackdown on drug mafia across country

ISLAMABAD: Minister for Interior and Narcotics Control Mohsin Naqvi has directed to launch a comprehensive crackdown...

Published 08 Jul, 2024 08:22am

Cricketing structure: PCB chief starts consultation process

LAHORE: Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi has started the consultation process to strengthen the...

Published 08 Jul, 2024 08:20am

Expert explains potential of aquaculture sector

PESHAWAR: Aquaculture sector has potential to generate billions of dollars through export beside provision of ...

Published 08 Jul, 2024 08:16am

SCF organises training session on disaster risk reduction

HYDERABAD: Sindh Community Foundation (SCF) organized a three-day training session on disaster risk reduction for...

Published 08 Jul, 2024 08:00am

Energy

Concern voiced over adverse impact of hike in power tariffs

KARACHI: Chairman of FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen and...

Published 08 Jul, 2024 07:56am

PM pays rich tributes to Lalak Jan Shaheed

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday paid tribute to Havildar Lalak Jan Shaheed, Nishan-e-Haider on ...

Published 08 Jul, 2024 07:53am

Stocks

European shares fall on French election uncertainty

PARIS: European shares fell on Friday, weighed down by losses in banks and energy stocks as investors became more...

Published 08 Jul, 2024 07:49am

USA

Record temperatures scorch US West as Americans sweat through extreme heat

WASHINGTON: A widespread heat wave is expected to deliver a fresh batch of record temperatures along the US West...

Published 08 Jul, 2024 07:48am

PDMA KP unveils monsoon contingency plan 2024

PESHAWAR: The Provincial Disaster Management Authority (PDMA) Khyber Pakhtunkhwa unveiled the Monsoon Contingency...

Published 08 Jul, 2024 07:48am

Money & Banking

Indian rupee closes flat

MUMBAI: The Indian rupee closed nearly unchanged on Friday as importer dollar demand weighed on the currency, even...

Published 08 Jul, 2024 07:48am

Energy

KP to streamline development of its ‘oil, gas districts’

PESHAWAR: The Khyber Pakhtunkhwa government has decided to further improve the production bonus guidelines issued ...

Published 08 Jul, 2024 07:44am

KP flour millers demand withdrawal of additional taxes

PESHAWAR: Flour millers in Khyber Pakhtunkhwa have strongly opposed the recent increase in fixed tax in electricity...

Published 08 Jul, 2024 07:41am

Pak scientist among first recipients of Saudi citizenship

ISLAMABAD: A Pakistani scientist who was brought up in England and went to a medical university is among the first...

Published 08 Jul, 2024 07:40am

Water, sewerage charges raised in Peshawar

PESHAWAR: The Metropolitan Government Peshawar has announced a massive increase in monthly water supply and sewerage...

Published 08 Jul, 2024 07:37am

Two Moroccan football players lost at sea

RABAT: Two Moroccan players from top-flight soccer side Ittihad Tanger have been missing at sea since Saturday after...

Published 08 Jul, 2024 07:32am

Federal Capital: Muharram security plans finalised

ISLAMABAD: The Islamabad Capital Police have finalized comprehensive security arrangements for processions and...

Published 08 Jul, 2024 07:26am

Middle East

Gaza deal must let Israel resume fighting until war goals met: Netanyahu

CAIRO/OCCUPIED JERUSALEM: Any Gaza ceasefire deal must allow Israel to resume fighting until its objectives are met,...

Published 08 Jul, 2024 07:24am

South Asia

Two Indian soldiers killed, 6 Mujahideen martyred

NEW DELHI: Two soldiers killed and six suspected Mujahideen martyred in two separate gun battles in Illegally Indian...

Published 08 Jul, 2024 07:06am

Starmer uges ‘caution’ on Israel-Lebanon border

LONDON: British Prime Minister Keir Starmer on Sunday called on all sides to exercise “caution” on the border...

Published 08 Jul, 2024 06:32am

Alcaraz, Sinner into Wimbledon last-eight as tearful Keys quits

LONDON: Defending champion Carlos Alcaraz survived a scare to reach the Wimbledon quarter-finals on Sunday, while...

Published 08 Jul, 2024 06:24am

Africa

Junta states’ exit hangs over West African summit

ABUJA: A West African leaders’ summit opened amid political turmoil on Sunday after the military rulers of Niger,...

Published 08 Jul, 2024 06:09am

NATO turns 75 with Ukraine and future on line

WASHINGTON: NATO’s 75th anniversary summit was meant to showcase the triumph of a larger, stronger alliance....

Published 08 Jul, 2024 06:09am

Middle East

Iran’s president-elect Pezeshkian to be sworn in next month

TEHRAN: Iran’s Masoud Pezeshkian will be sworn in before parliament in early August as the Islamic republic’s...

Published 08 Jul, 2024 06:09am

Europe

Ex-PM Blair lays out ‘advice’ to Britain’s new leader

LONDON: Former Labour prime minister Tony Blair made an early intervention in British politics on Sunday after Keir...

Published 08 Jul, 2024 06:09am

Africa

Kenya to borrow funds, spend less after scrapping tax hikes

NAIROBI: Kenyan President William Ruto on Friday announced fresh borrowing plans and spending cuts after contentious...

Published 08 Jul, 2024 06:09am

Asia

Philippines, Japan to sign landmark defence deal today

MANILA: The Philippines and Japan will sign a defence agreement on Monday that will allow their military forces to...

Published 08 Jul, 2024 06:09am

Biden to campaign in battleground Pennsylvania as Democrats mull his candidacy

WILMINGTON, (Delaware): An increasingly embattled US President Joe Biden will hit the campaign trail in the...

Published 08 Jul, 2024 06:09am

Companies

Master Motor launches ‘Aumark M290T’

LAHORE: Master Motor (Pvt.) Ltd., a leading automobile manufacturer of Pakistan announced its newest FOTON model...

Published 08 Jul, 2024 06:09am

Letters

Karachi to have rains

The Met Office has forecast rains for Karachi from today till 10th of July. Though these much-needed showers are...

Published 08 Jul, 2024 06:09am

BJP and Hindutva politics

EDITORIAL: Rahul Gandhi’s first speech as leader of the opposition during the motion of thanks on President’s...

Updated 08 Jul, 2024 08:36am

There’s need to say ‘no’ emphatically

EDITORIAL: One of the most challenging and thankless jobs under the current economic conditions in Pakistan is that...

Updated 08 Jul, 2024 08:34am

Only some bold steps can help govt fix the economy

Last week, CFA Society Pakistan conducted a seminar in Karachi where two former Deputy Governors of State Bank of...

Updated 08 Jul, 2024 08:44am

An IMF budget or not?

Several prominent federal ministers publicly stated that the taxation measures approved by parliament on 28 June ...

Updated 08 Jul, 2024 08:43am

Cotton & Textile

Weekly Cotton Review: Prices rise amid good business volume

KARACHI: Cotton prices are on the rise, as spot rate has been increases by Rs 600 per maund. The reason behind...

Published 08 Jul, 2024 06:09am

Commodities

Peshawar retail markets: Prices of essential kitchen items increase

PESHAWAR: Prices of vegetables, grocery items and flour and others have increased manifold in the retail market,...

Published 08 Jul, 2024 06:09am

OMAP concerned at budget impacts on industry

LAHORE: The Oil Marketing Association of Pakistan (OMAP) has expressed concerns about the recent budget announcement...

Updated 08 Jul, 2024 09:23am

Special Judge C&ET Karachi to take up tax fraud case on 27th

ISLAMABAD: Special Judge Customs & Excise Taxation Karachi will take up the matter of alleged tax fraud on fake/...

Updated 08 Jul, 2024 09:22am

Rates

Largely stable

KARACHI: The rupee remained largely stable against the US dollar in the previous week, consolidating its position...

Published 08 Jul, 2024 06:03am

SC asks whether or not govt can promise tax credit and then take it away retrospectively?

ISLAMABAD: The Supreme Court was asked to decide whether the government can first encourage businesses to make fresh...

Updated 08 Jul, 2024 09:03am

Pope deplores state of democracy, warns against ‘populists’

TRIESTE, (Italy): Pope Francis denounced populist politics and what he called “the dross of ideology” on Sunday,...

Published 08 Jul, 2024 06:03am

Rates

Futures spread up 669bps

KARACHI: The futures spread increased by 669bps to 16.96 percent on the last day of the outgoing week. Trading...

Published 08 Jul, 2024 06:03am

Rates

PSX hits new highest-ever level

KARACHI: Pakistan Stock Exchange witnessed bullish trend and hit new highest ever level during the outgoing week...

Published 08 Jul, 2024 06:03am

Taxes: Aurangzeb for breaking IMF bailout cycle

It's about time we get real, ball is in our court to provide bankable and investable projects, says finance minister on attracting foreign investment

Updated 08 Jul, 2024 12:17pm

Azeri firm seeks legislative safeguards for its investment in Pakistan

Details shared during recent meeting convened to fine-tune investment proposals to be presented during the visit of Azerbaijan President this week

Updated 08 Jul, 2024 05:48pm

PM underscores need for boosting seaports’ efficiency

KARACHI: Prime Minister Muhammad Shehbaz Sharif has directed the formulation of a comprehensive plan for the...

Updated 08 Jul, 2024 09:19am

Action ordered against officials involved in over-billing

ISLAMABAD: A day after Prime Minister Shehbaz Sharif took notice of over-billing of protected electricity consumers,...

Updated 08 Jul, 2024 09:06am

Private sector’s participation in privatisation of Discos: World Bank agrees to extend financial support under NLTA

ISLAMABAD: The World Bank (WB) has agreed to extend financial support to the government to facilitate private sector...

Updated 08 Jul, 2024 09:20am

Latest scanners on ports: FBR directed to prioritise installation

KARACHI: Prime Minister Shehbaz Sharif on Sunday said that the government was taking steps for the development of...

Updated 08 Jul, 2024 09:04am

Omer’s house raided after ATC Sargodha issues arrest warrants

ISLAMABAD: Islamabad police on Sunday conducted a raid at the residence of Opposition Leader in National Assembly...

Updated 08 Jul, 2024 09:21am

Defamation suit: ADSJ Lahore summons FBR officers

ISLAMABAD: Additional District and Sessions Judge, Lahore (ADSJ) has summoned Chief Commissioner Inland Revenue, and...

Updated 08 Jul, 2024 09:03am

Major reforms inevitable to create economic stability: Ali Pervaiz

ISLAMABAD: Minister of State for Finance, Revenue and Power Ali Pervaiz Malik said on Sunday that the government...

Published 08 Jul, 2024 06:03am

Stocks

Wall Street Week Ahead: Earnings season to test hopes for broader stocks rally

NEW YORK: Hopes that the US stocks rally will broaden beyond megacaps like Nvidia will be tested in coming weeks as...

Updated 08 Jul, 2024 07:46am

Damage suffered by Sukkur barrage: SAB takes stock of situation

HYDERABAD: The Sindh Abadgar Board (SAB) on Sunday said that incidents like the collapse of two gates of the Sukkur...

Updated 08 Jul, 2024 07:34am

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 16	144.74
USD to Swiss Franc / Jun 16	0.81
Pound Sterling to USD / Jun 16	1.36
Euro to USD / Jun 16	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 16	81,650.51
Tokyo Nikkei / Jun 16	38,314.09
Hang Seng / Jun 16	23,975.22
FTSE 100 / Jun 16	8,884.17
Germany DAX 30 / Jun 16	23,603.27
France CAC40 / Jun 16	7,748.88

Item	Value
Crude Oil USD/Barrel / Jun 16	71.77
Karachi Cotton PKR/37.32 KG / Jun 16	16,785
Gold 10 Grams PKR / Jun 16	310,613
Gold Spot USD/Ounce / Jun 16	3,417.30
Cotton US¢/pound / Jun 16	68.02
Petrol/Litre / Jun 17	258.43
Diesel/Litre / Jun 17	262.59

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Consultancy / Jun 16 Pervez Ahmed Consultancy Services Ltd.(PASL)	3.93 ▲ 1 (34.13%)
First Prudential Mod. / Jun 16 First Prudential Modaraba(PMI)	4.39 ▲ 1 (29.5%)
First Punjab Modaraba / Jun 16 First Punjab Modaraba(FPJM)	4.48 ▲ 1 (28.74%)
Cresent Jute / Jun 16 Crescent Jute Products Limited(CJPL)	4.57 ▲ 1 (28.01%)
Unicap Modaraba / Jun 16 Unicap Modaraba(UCAPM)	4.60 ▲ 0.95 (26.03%)
Ist.Capital Sec / Jun 16 First Capital Securities Corporation(FCSC)	3.85 ▲ 0.79 (25.82%)
Shaheen Ins. / Jun 16 Shaheen Insurance Company Limited(SHNI)	5.67 ▲ 0.92 (19.37%)
Media Times Ltd / Jun 16 Media Times Limited(MDTL)	3.21 ▲ 0.5 (18.45%)
Equity Modaraba / Jun 16 First Equity Modaraba(FEM)	3.86 ▲ 0.58 (17.68%)
LSE Capital / Jun 16 LSE Capital Limited(LSECL)	6.37 ▲ 0.9 (16.45%)

Stock	Price
Intermarket Securities / Jun 16 Intermarket Securities Limited(IMS)	5.82 ▼ -51.44 (-89.84%)
PIA Holding Co.B / Jun 16 PIA Holding Company Limited B(PIAHCLB)	17,000.19 ▼ -1888.91 (-10%)
Pakgen Power / Jun 16 Pakgen Power Limited(PKGP)	263.77 ▼ -29.31 (-10%)
Khyber Textile / Jun 16 Khyber Textile Mills Limited(KHYT)	1,615.10 ▼ -179.45 (-10%)
Hala Enterprise / Jun 16 Hala Enterprises Limited(HAEL)	27.62 ▼ -3.07 (-10%)
Faisal Sp. / Jun 16 Faisal Spinning Mills Limited(FASM)	299.22 ▼ -30.74 (-9.32%)
Apna Microfin. / Jun 16 Apna Microfinance Bank Limited(AMBL)	10.70 ▼ -0.96 (-8.23%)
GOC (Pak) / Jun 16 GOC (Pak) Limited.(GOC)	73.72 ▼ -5.38 (-6.8%)
Ashfaq Textile / Jun 16 Ashfaq Textile Mills Limited(ASHT)	24.16 ▼ -1.54 (-5.99%)
LSE Financial Serv. / Jun 16 LSE Financial Services Limited(LSEFSL)	40.60 ▼ -2.37 (-5.52%)

Stock	Volume
WorldCall Telecom / Jun 16 Worldcall Telecom Limited(WTL)	267,081,176 ▲ 0.17
Pervez Ahmed Consultancy / Jun 16 Pervez Ahmed Consultancy Services Ltd.(PASL)	92,031,551 ▲ 1
Ist.Capital Sec / Jun 16 First Capital Securities Corporation(FCSC)	86,020,335 ▲ 0.79
Kohinoor Spining / Jun 16 Kohinoor Spinning Mills Limited(KOSM)	73,827,515 ▲ 0.48
Media Times Ltd / Jun 16 Media Times Limited(MDTL)	56,419,406 ▲ 0.5
PIA Holding Co.Ltd / Jun 16 PIA Holding Company Limited(PIAHCLA)	43,086,504 ▲ 1.78
Sui South Gas / Jun 16 Sui Southern Gas Company Limited(SSGC)	37,905,727 ▲ 1.76
Dewan Cement / Jun 16 Dewan Cement Limited(DCL)	29,277,399 ▲ 1.11
Cnergyico PK / Jun 16 Cnergyico PK Limited(CNERGY)	23,084,256 ▼ -0.06
K-Electric Ltd. / Jun 16 K-Electric Limited(KEL)	22,313,740 ▲ 0.04

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