News Archives for Print - 2024-07-22

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Print - 2024-07-22

Rates

PSX witnesses a mixed trend

KARACHI: Pakistan Stock Exchange witnessed mixed trend during the outgoing three-day week ended on July 19, as the...

Published 22 Jul, 2024 05:39am

Rates

Spread declines 689bps

KARACHI: The futures spread declined by 689bps to 12.47 percent on the last day of the outgoing week. Trading...

Published 22 Jul, 2024 05:39am

Asia

China flash floods kill at least 20

BEIJING: Flash floods in northern and southwest China have killed at least 20 people and left dozens missing, state...

Published 22 Jul, 2024 05:39am

Middle East

Houthis pledge ‘huge’ response to Israel strike as Gaza violence spreads

HODEIDA, (Yemen): Yemen’s Houthi on Sunday promised a “huge” retaliation against Israel following a deadly...

Published 22 Jul, 2024 05:39am

Middle East

Saudi urges ‘maximum restraint’ after Yemen strikes

RIYADH: Saudi Arabia, a major foreign player in Yemen’s nearly decade-long civil war, urged restraint on Sunday in...

Published 22 Jul, 2024 05:39am

Sudan, Iran trade envoys after eight-year rupture

PORT SUDAN, (Sudan): Sudan’s de facto leader, army chief Abdel Fattah al-Burhan, received on Sunday an Iranian...

Published 22 Jul, 2024 05:39am

Rates

Marginal gain

KARACHI: The rupee posted marginal gain during the previous week as it appreciated by Re0.27 or 0.1% against the US...

Published 22 Jul, 2024 05:39am

Platform for skilled youths

KARACHI: A new platform aimed at supporting skilled Pakistani individuals and students has been launched by the ...

Published 22 Jul, 2024 05:39am

Lahore PHA to develop two amusement parks

LAHORE: The Parks and Horticulture Authority (PHA) will build two state-of-the-art amusement parks at Greater Iqbal...

Published 22 Jul, 2024 05:39am

CM launches ‘air ambulance service’

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif fulfilled another promise by launching air ambulance service in ...

Published 22 Jul, 2024 05:39am

Rain, wind expected in Sindh, Punjab

ISLAMABAD: Rain-wind and thundershower is expected at the eastern and southern parts of Sindh, Punjab including...

Published 22 Jul, 2024 05:39am

JI chief demands forensic audit of IPPs

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem ur Rehman has demanded a forensic audit of Independent Power Producers...

Published 22 Jul, 2024 05:39am

Stability on cotton market as business activity picks up

KARACHI: The cotton market remained stable, with a notable increase in business activity. Favourable rainfall has...

Updated 22 Jul, 2024 08:27am

The way forward

Sale of state-owned entities (SOEs) and not resuscitating the non-operational Pakistan Steel Mills is the mantra of...

Updated 22 Jul, 2024 07:11am

Smoke and mirrors

Pakistan’s energy sector is in a peculiar mess. On paper, the electricity supply is sufficient at a lower energy...

Updated 22 Jul, 2024 07:17am

Letters

‘The King of the World is not safe in his fortress’

This is apropos two back-to-back letters titled ‘The King of the World is not safe in his fortress’ to the ...

Published 22 Jul, 2024 05:39am

From wheat crisis to food crisis: a reality check

The wheat market in Pakistan has been a subject of intense debate and scrutiny, particularly due to the significant...

Updated 22 Jul, 2024 07:23am

Stocks

Wall Street Week Ahead: Investors count on earning to calm $900bn US tech rout

NEW YORK: As earnings season goes into full swing, bullish investors hope solid corporate results will stem a tumble...

Published 22 Jul, 2024 05:39am

Stocks

Indian shares slip from record highs

BENGALURU: Indian shares came off record highs to end lower on Friday, on broad-based profit booking ahead of the...

Published 22 Jul, 2024 05:39am

Stocks

UK stocks end with weekly losses as commodity-linked stocks

LONDON: London stocks finished the week lower amid a global cyber outage on Friday as investors assessed a fall in...

Published 22 Jul, 2024 05:39am

Stocks

Major Gulf markets gain as focus shifts to earnings

DUHAI: Major stock markets in the Gulf ended higher on Sunday, boosting investor morale as earnings season in the...

Published 22 Jul, 2024 05:39am

Europe

Outrage after French MP says Israelis ‘not welcome’ at Olympics

PARIS: A major French Jewish group on Sunday slammed a hard-left MP for saying Israeli athletes were not welcome at...

Published 22 Jul, 2024 05:39am

KMU conducts centralised admission test

PESHAWAR: Khyber Medical University (KMU), Peshawar, organized a centralized admission test for admissions in Doctor...

Published 22 Jul, 2024 05:39am

KP to shift 100 schools, 3050 mosques on solar energy

PESHAWAR: Khyber Pakhtunkhwa government has begun work on several solar energy projects to solve the problem of...

Updated 22 Jul, 2024 09:24am

15 villages in Matairi: SCF distributes initial material kits to 100 women

HYDERABAD: In a significant move to combat rural poverty and enhance the livelihoods of rural women, the Sindh...

Published 22 Jul, 2024 05:39am

PDP demands govt end urban-rural quota system in Sindh

KARACHI: Murder of merit in the name of politically-motivated quotas is an injustice. Our rulers should learn a...

Published 22 Jul, 2024 05:39am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday July 07, 2024

Published 22 Jul, 2024 05:39am

The Weather

KARACHI: The weather report on Sunday (July 21, 2024) and the forecast for Monday (July 22, 2024)....

Published 22 Jul, 2024 05:39am

Lifeline power consumers: Govt working on a new subsidy

BISP in consultation with Power Division determining eligibility criteria for identifying potential consumers for electricity subsidy programme, sources say

Updated 22 Jul, 2024 12:10pm

Iraq to import electricity from Turkey

BAGHDAD: Iraq said Sunday a new power line will bring electricity from Turkey to its northern provinces as...

Published 22 Jul, 2024 05:39am

KE wants evaluation of proposal to convert Jamshoro plant to Thar coal

ISLAMABAD: K-Electric (KE) has asked the Power Division to constitute Project Steering Committee (PSC) to scrutinise...

Updated 22 Jul, 2024 09:06am

PM explains his govt’s approach to healthcare

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Sunday said the government was determined to provide state of...

Updated 22 Jul, 2024 09:25am

FY24 cell phone imports soar 233pc to $1.89bn YoY

ISLAMABAD: The country imported mobile phones worth $1.898 billion during the fiscal year 2023-24, registering...

Updated 22 Jul, 2024 07:53am

FO condemns attack on Frankfurt consulate

ISLAMABAD: The Foreign Office (FO) on Sunday strongly condemned attack by a gang of extremists on its consulate in...

Published 22 Jul, 2024 05:39am

LHC suspends operation of SRO 350 (I)/2024

ISLAMABAD: Lahore High Court (LHC) has suspended operation of SRO 350(I)/2024 and directed the Federal Board of...

Updated 22 Jul, 2024 08:29am

Federal minister steps up criticism of PTI

ISLAMABAD: Minister of Information and Broadcasting Atta Tarar said that Pakistan Tehreek-e-Insaaf (PTI) has been...

Published 22 Jul, 2024 05:39am

Industry

Protocol agreement inked to strengthen ties with Romania

KARACHI: The Pakistan Romania Business Council (PRBC) and the Embassy of Romania to the Islamic Republic of Pakistan...

Published 22 Jul, 2024 05:39am

Companies

Chandio appointed CEO of SMML

KARACHI: Sindh Modaraba Management Limited (SMML) is pleased to announce the appointment of Mr. Abdul Rauf Chandio ...

Published 22 Jul, 2024 05:39am

APCCA appreciates decision of Ministry of Maritime Affairs, KPT

KARACHI: Maqbool Ahmad Malik, Chairman of All Pakistan Custom Agents Association (APCAA) and Sheikh Tariq, Vice...

Updated 22 Jul, 2024 09:25am

Industry

Regulatory environment major issue as foreign pharma cos exit Pakistan

KARACHI: The pharmaceutical sector in Pakistan is facing significant challenges, with only four foreign companies...

Updated 22 Jul, 2024 12:09pm

Companies

HBL wins ‘Best Bank in Pakistan 2024’ award by Euromoney

KARACHI: Euromoney Awards for Excellence 2024 has awarded HBL the accolades of Pakistan’s Best Bank, Pakistan’s...

Published 22 Jul, 2024 05:39am

‘Constitutional meltdown’?

EDITORIAL: It’s not yet been announced when the IMF’s executive board will meet to discuss the fate of the...

Updated 22 Jul, 2024 07:35am

A case for an independent constitutional court

EDITORIAL: The legal maxim ‘justice delayed is justice denied’, unfortunately, is just so in our judicial system...

Updated 22 Jul, 2024 07:06am

Commodities

Prices of essential food items show mixed trend

PESHAWAR: Mixed trend in prices of essential food commodities like live chicken/meat, vegetables, flour, sugar,...

Published 22 Jul, 2024 05:39am

MENA

From textile to real estate: Saleem Karsaz’s path to success in Dubai

DUBAI: Dubai’s allure has long been a magnet for entrepreneurs and investors worldwide, and for Pakistani-born...

Updated 22 Jul, 2024 10:21am

Companies

Meezan Bank and Haball sign referral arrangement agreement

KARACHI: Meezan Bank Limited (“Meezan”), Pakistan’s leading Islamic bank, announced that it has entered into a...

Published 22 Jul, 2024 05:39am

KP to earn receipts of Rs90bn from oil and gas sectors

PESHAWAR: The provincial government of Khyber Pakhtunkhwa will earn revenue amounting to Rs.89.8 billion in the...

Updated 22 Jul, 2024 09:05am

Money & Banking

Australia, NZ dollars eye weekly losses

SYDNEY: The Australian and New Zealand dollars are headed for hefty weekly losses on Friday as a high-level meeting...

Published 22 Jul, 2024 05:39am

Money & Banking

Canadian dollar falls against the greenback

TORONTO: The Canadian dollar weakened to a 17-day low against its US counterpart on Friday as Canadian retail sales...

Published 22 Jul, 2024 05:39am

Money & Banking

Latam currencies set for weekly loss as Brazil in focus

BRASILIA: Most currencies in Latin America were poised for weekly losses on Friday, as a global tech outage, lower...

Published 22 Jul, 2024 05:39am

IMF says US should raise taxes, wait until late 2024 to cut rates

WASHINGTON: The International Monetary Fund on Thursday said the US Federal Reserve should not cut interest rates...

Published 22 Jul, 2024 05:39am

Energy

SCCI demands cancellation of IPPs contracts

PESHAWAR: Business community demanded to terminate all contracts with IPPs and procure electricity from cheaper...

Published 22 Jul, 2024 05:39am

FPCCI demands reviewing agreements with IPPs

ISLAMABAD: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Atif Ikram Sheikh has said...

Updated 22 Jul, 2024 07:57am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 11	278.65
USD PKR Interbank Buying / Sep 11	278.40
USD to Japanese Yen / Sep 11	142.41
USD to Swiss Franc / Sep 11	0.85
Pound Sterling to USD / Sep 11	1.30
Euro to USD / Sep 11	1.10

Stock	Volume
S&P 500 / Sep 11	5,536.66
India Sensex / Sep 11	81,523.16
Tokyo Nikkei / Sep 11	35,619.77
Nasdaq / Sep 11	17,395.53
Hang Seng / Sep 11	17,108.71
FTSE 100 / Sep 11	8,193.94
Dow Jones / Sep 11	40,861.71
Germany DAX 30 / Sep 11	18,330.27

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 10	18,735
Crude Oil USD/Barrel / Sep 11	67.07
Gold 10 Grams PKR / Sep 11	226,337
Gold Spot USD/Ounce / Sep 11	2,512.70
Cotton US¢/pound / Sep 11	69.61
Petrol/Litre / Sep 12	259.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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