News Archives for Print - 2024-10-05

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Print - 2024-10-05

Industry

PSBA elects office-bearers

KARACHI: The Pakistan Stock Brokers Association (PSBA) held its Annual General Meeting (AGM) on October 04, 2024,...

Published 05 Oct, 2024 07:30am

Cotton & Textile

Steady trend seen on cotton market

LAHORE: The local cotton market on Friday remained firm and the trading volume remained satisfactory. Cotton ...

Published 05 Oct, 2024 07:26am

SCO summit security: Army deployed in Islamabad

ISLAMABAD: The government has deployed army in the federal capital for the security of the upcoming Shanghai...

Published 05 Oct, 2024 07:26am

AKU celebrates teachers’ impact and contribution

KARACHI: The Aga Khan University Institute for Educational Development (AKU-IED) marked World Teachers' Day 2024 ...

Published 05 Oct, 2024 07:24am

Bilawal lauds decision of hosting APC on 7th

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari welcomed the decision of the president and...

Published 05 Oct, 2024 07:22am

Energy

Energy mix: Global commitments restrict fossil fuel growth

ISLAMABAD: Pakistan is facing a serious dilemma. It needs cheap energy which could be produced with indigenous ...

Published 05 Oct, 2024 07:20am

Gandapur vows to reach D-Chowk despite all odds

PESHAWAR: Brushing aside the heightened threat of arrest of the Pakistan Tehreek-e-Insaf (PTI) workers by the...

Published 05 Oct, 2024 07:20am

Chinese envoy, minister discuss key strategic initiatives

ISLAMABAD: The Chinese Ambassador and the Minister for Planning discussed key strategic initiatives between the two...

Published 05 Oct, 2024 07:19am

61pc surge in home int’l series rights for 2024-26

LAHORE: TransGroup FZE, pursuant to a public bidding process submitted the highest bid to attain series partnership...

Published 05 Oct, 2024 07:12am

Gandapur gets transit bail in two cases

PESHAWAR: The Peshawar High Court (PHC) on Friday granted protective bail to Khyber Pakhtunkhwa Chief Minister Ali...

Published 05 Oct, 2024 06:43am

PDWP approves four uplift schemes worth Rs8.5bn

LAHORE: The Provincial Development Working Party (PDWP) on Friday approved four schemes related to different sectors...

Published 05 Oct, 2024 06:43am

Speakers advocate adoption of effective THR strategies

ISLAMABAD: A round table conference hosted by the Initiative on Risk-reduction & Dependable Alternatives (IRADA)...

Published 05 Oct, 2024 06:43am

Govt to observe ‘Solidarity Day with Palestine’ on 7th

ISLAMABAD: The federal government on Friday decided to observe a “Day of Solidarity with Palestine” across the...

Published 05 Oct, 2024 06:43am

NA body concerned about ‘irregularities’ in MDCAT

ISLAMABAD: The National Assembly Standing Committee on National Health Services and Regulations has raised serious...

Published 05 Oct, 2024 06:43am

Bilawal welcomes APC on Palestine

ISLAMABAD: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto-Zardari welcomed the decision of the president ...

Published 05 Oct, 2024 06:43am

Ground-breaking of first autism school in public sector

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif while laying foundation stone of the country’s 1st autism school...

Published 05 Oct, 2024 06:43am

PTI’s protest: Punjab govt seeks Rangers’ assistance

LAHORE: To tighten the security in the provincial capital on the eve of Pakistan Tehreek-e-Insaf (PTI)’s protest ...

Published 05 Oct, 2024 06:43am

Israeli aggression: JI questions OIC motives

KARACHI: Jamaat-e-Islami Friday questioned the motives of the OIC and Arab League, as Israel has rolled out its war...

Published 05 Oct, 2024 06:43am

Post-monsoon rains expected in upper regions today

KARACHI: The first post-monsoon rainy spell is set to bring thunder and strong winds to the country’s upper ...

Published 05 Oct, 2024 06:43am

Bushra’s bail plea: IHC issues notice to govt

ISLAMABAD: The Islamabad High Court (IHC) issued notices to the government in a bail petition of Bushra Bibi, the...

Published 05 Oct, 2024 06:43am

Gwadar Safe City project: minister irked by delays

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal expressed strong...

Published 05 Oct, 2024 06:43am

The Weather

KARACHI: The weather report on Friday (October 04, 2024) and the forecast for Saturday (October 05, 2024)...

Published 05 Oct, 2024 06:43am

Centre to transfer Green Line bus service to Sindh by Dec

KARACHI: The federal government will transfer the Green Line Bus Service to the Sindh government in December 2024,...

Published 05 Oct, 2024 06:43am

Chinese envoy, minister discuss key strategic initiatives

ISLAMABAD: The Chinese Ambassador and the Minister for Planning discussed key strategic initiatives between the two...

Published 05 Oct, 2024 06:43am

Kundi yearns for imposition of governors’ rule in KP

ISLAMABAD: Shattered to bits by continued show of political muscles by very likes of Ali Amin Gandapur, Chief...

Published 05 Oct, 2024 06:43am

Malaysian PM meets COAS

ISLAMABAD: Malaysian Prime Minister Dato' Seri Anwar Ibrahim, met with General Syed Asim Munir, Chief of Army Staff...

Published 05 Oct, 2024 06:43am

World Teacher's Day today: Nation should celebrate profound impact teachers have on people: Sadiq

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq called upon the nation to celebrate and appreciate the...

Published 05 Oct, 2024 06:43am

Officials ordered to enforce prices in markets across Hyderabad

HYDERABAD: Divisional Commissioner Bilal Ahmed Memon directed officials to enforce official prices in markets across...

Published 05 Oct, 2024 06:43am

President terms teachers as architects of society

ISLAMABAD: President Asif Ali Zardari said that today we are observing World Teachers’ Day to celebrate the...

Published 05 Oct, 2024 06:43am

PTI always opposes national development: minister

LAHORE: Punjab Information Minister Azma Bokhari has said that PTI is a terrorist party with no connection to...

Published 05 Oct, 2024 06:43am

Afghan women can seek refugee status based on nationality, gender: EU top court

VIENNA: The European Court of Justice (ECJ) ruled Friday that nationality and gender are “sufficient” for an EU...

Updated 05 Oct, 2024 07:06am

Europe

Inside Macron’s pitch meeting with Wall Street as budget woes mount

NEW YORK/PARIS: French President Emmanuel Macron has given top US financiers a candid assessment of his country’s...

Published 05 Oct, 2024 06:43am

Europe

Dozens arrested for migrant smuggling in Montenegro and Serbia

BELGRADE: Montenegrin police arrested 13 people and were searching for several others suspected of smuggling ...

Published 05 Oct, 2024 06:43am

Stocks

S&P 500, Nasdaq up after jobs data

NEW YORK: The S&P 500 and the Nasdaq rose slightly on Friday, with small-cap stocks outperforming the three main...

Published 05 Oct, 2024 06:43am

Punjab to get new model of waste collection: Minister

LAHORE: The Punjab Local Government and Community Development Department has devised a holistic plan to implement a...

Published 05 Oct, 2024 06:43am

Russian Deputy Chief of General Staff meets Gen Sahir

RAWALPINDI: Colonel General Sergey Yurvavich Istrakov, Deputy Chief of General Staff of the Armed Forces of the...

Published 05 Oct, 2024 06:43am

Sindh CM expresses concern over detection of 7 polio cases

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, presiding over a provincial meeting to review polio eradication...

Published 05 Oct, 2024 06:43am

Speakers call to adopt effective THR strategies

ISLAMABAD: A round table conference hosted by the Initiative on Risk-reduction & Dependable Alternatives (IRADA)...

Published 05 Oct, 2024 06:43am

Israel can’t attack ‘nuclear’ Pakistan: Khawaja

ISLAMABAD: Defence Minister Khawaja Mohammad Asif has said that Pakistan is an atomic country and no one including...

Updated 05 Oct, 2024 11:10am

Rates

PSX: another milestone achieved

KARACHI: Pakistan Stock Exchange on Friday witnessed a bullish trend and hit another historic high on the back of...

Published 05 Oct, 2024 06:43am

Stocks

Abu Dhabi index extends losses

ABU DHABI: Abu Dhabi’s index closed down on Friday, extending losses into a seventh session amid tensions between...

Published 05 Oct, 2024 06:43am

Stocks

European shares rise

PARIS: European shares inched higher on Friday, supported by regional energy stocks after crude oil prices climbed ...

Published 05 Oct, 2024 06:43am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (October 04, 2024). ==================================== BR...

Published 05 Oct, 2024 06:43am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (October 04, 2024)....

Published 05 Oct, 2024 06:43am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (October 04, 2024). ======================== Open Bid ...

Published 05 Oct, 2024 06:43am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (October ...

Published 05 Oct, 2024 06:43am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (October 04, 2024). ========================== KIBOR...

Published 05 Oct, 2024 06:43am

Partly Facetious: Biden backpedals

“So Biden, now unambiguously a lame-duck president, said the US is in discussions with Israel on potential strikes...

Published 05 Oct, 2024 06:43am

Letters

‘Reckless Amendments?’

This is apropos letters to the Editor headlined “Reckless Amendment” by this writer carried by the newspaper on...

Published 05 Oct, 2024 06:43am

Entire system needs a revamp

Looks and feels like good news but then there is many a slip between the cup and the lip as the saying goes. We will...

Updated 05 Oct, 2024 08:40am

The ‘last’ IMF programme?

Nathan Porter, director of the International Monetary Fund’s (IMF’s) mission for Pakistan, in a recent interview...

Updated 05 Oct, 2024 07:51am

Stocks

Nikkei heads for weekly drop as Ishiba rattles markets

SYDNEY: Japanese stocks headed for their steepest weekly fall in a month on Friday as Prime Minister Shigeru...

Published 05 Oct, 2024 06:43am

Stocks

HK shares reach again for 20-month peak

SINGAPORE: Hong Kong stocks rose more than 2% on Friday, still cheering China’s massive economic stimulus...

Published 05 Oct, 2024 06:43am

Police clash with PTI activists; IK’s 2 sisters arrested

ISLAMABAD: A nightmarish scenario was stocked in the offing for the government as thousands of charged followers of...

Published 05 Oct, 2024 06:43am

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 05 Oct, 2024 06:43am

Energy

SSGC announces 24-hour gas holiday

KARACHI: The Sui Southern Gas Company (SSGC) has announced 24-hour gas holiday for all industries including their...

Published 05 Oct, 2024 06:43am

Commodities

Gold prices rise

KARACHI: The local gold prices posted a big gain on Friday following the international bullion value crossed $ 2,650...

Published 05 Oct, 2024 06:43am

US rallies partners to tackle drug-resistant typhoid outbreak in Sindh

KARACHI: To address the urgent threat of extensively drug-resistant (XDR) typhoid in Sindh Province, the United...

Updated 05 Oct, 2024 08:30am

Dispute arises between FBR, AJ&K

ISLAMABAD: A dispute has arisen between the Federal Board of Revenue (FBR) and Azad Jammu and Kashmir (AJ&K) tax...

Updated 05 Oct, 2024 09:28am

Reinforcement ahead of SCO moot: Military units sent to Islamabad from KP

ISLAMABAD: Military contingents from Khyber-Pakhtunkhwa (KP) have been dispatched to reinforce the security setup in...

Updated 05 Oct, 2024 09:27am

KE, AGP at odds over ‘subsidy data’ issue

ISLAMABAD: The Auditor General of Pakistan (AGP) and K-Electric (KE) are reportedly at odds over the provision of...

Updated 05 Oct, 2024 02:46pm

Rebasing of electricity tariffs likely from Jan 1

ISLAMABAD: The Federal government is likely to commence rebasing of electricity tariffs from January 1 each year...

Updated 05 Oct, 2024 02:45pm

PR awards contract of Thar coal mines-Port Qasim rail line

ISLAMABAD: Pakistan Railways (PR) has awarded the contract of constructing 105 kilometres long Tharparkar Railway...

Updated 05 Oct, 2024 02:47pm

All set to export 0.1m tons of rice to Malaysia: Tarar

ISLAMABAD: Federal Minister for Information, Ataullah Tarar, on Friday, said Pakistan is set to export 100,000 tons...

Updated 05 Oct, 2024 02:45pm

Key indicators showing a positive trajectory: govt

ISLAMABAD: Federal Minister for Petroleum, Dr Musadik Malik on Friday said the government achieved remarkable...

Updated 05 Oct, 2024 09:24am

World Bank places Pakistan in 4th quintile

With respect to operational efficiency, Pakistan with a score of 65.90 is placed in the third quintile i.e. these economies exhibit a mix of strengths and weaknesses in their business environment

Updated 05 Oct, 2024 12:52pm

Weekly SPI inflation up 0.44pc

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended October 03, 2024 increased by 0.44 per...

Updated 05 Oct, 2024 02:43pm

Industry

LCCI urges govt to take steps to help fuel economy

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) has called for measures to safeguard Pakistan’s...

Published 05 Oct, 2024 06:43am

Issues facing PBC to be resolved: CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, during his meeting with a delegation of the Pakistan Business...

Published 05 Oct, 2024 06:43am

Punjab govt earmarks Rs20bn for development of livestock sector

LAHORE: The Punjab government has earmarked Rs 20 billion for the development of the livestock sector during the...

Published 05 Oct, 2024 06:43am

Industry

KCCI demands cut in Sessi’s social security contribution rate

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani has urged the Sindh...

Published 05 Oct, 2024 06:43am

‘World Investor Week’ marked on PSX with gong ceremony

KARACHI: Pakistan Stock Exchange (PSX), under the aegis of World Federation of Exchanges (WFE), of which PSX is an...

Published 05 Oct, 2024 06:43am

Industry

HCCI demands withdrawal of infrastructure cess on exports

KARACHI: Newly elected Hub Chamber of Commerce and Industry President Yakoob H Karim, ex-presidents Maqsood Ismail...

Published 05 Oct, 2024 06:43am

Terrifying tit-for-tat in the Middle East

EDITORIAL: All things considered; it was only a matter of time before Iran responded to Israel’s deliberate...

Updated 05 Oct, 2024 07:48am

Cut in petrol prices

EDITORIAL: The cut in petrol and diesel prices for the fifth consecutive fortnight – amounting to total reduction...

Published 05 Oct, 2024 06:43am

‘Malaysian PM’s visit to help expand trade ties’

LAHORE: Terming the Malaysian PM visit to Pakistan as significant, analysts hoped that it will open new ...

Published 05 Oct, 2024 06:43am

Money & Banking

Asian currencies: South Korean won, Taiwan dollar easier

SINGAPORE: Emerging Asian currencies slipped on Friday, with the South Korean won and the Taiwan dollar weakening ...

Published 05 Oct, 2024 06:43am

Money & Banking

Dollar pauses near six-week high ahead of US jobs data

LODNON: The dollar hovered near a six-week high on Friday ahead of crucial jobs data that could dictate the path of...

Published 05 Oct, 2024 06:43am

Industry

Tauqeer elected PPMA Chairman for 2024-26 term

KARACHI: Tauqeer Ul Haq has been elected as the new Chairman of Pakistan Pharmaceutical Manufacturers’ Association...

Published 05 Oct, 2024 06:43am

Industry

Nazir elected president of PCJCCI unopposed

LAHORE: The renowned Business Leader Nazir Hussain, has been elected unopposed as President Pakistan China Joint...

Published 05 Oct, 2024 06:43am

‘World Investor Week’ launched: Youths offer unique opportunity to grow capital market: SECP chief

KARACHI: The Chairman, Securities and Exchange Commission of Pakistan (SECP), Akif Saeed, formally launched World...

Published 05 Oct, 2024 06:43am

Industry

PAKSEA elects office-bearers

KARACHI: As a result of biennial elections held for the term 2024-26, Mahmood Nara has been elected as Chairman of...

Published 05 Oct, 2024 06:43am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 18	283.63
USD PKR Interbank Buying / Jun 18	283.43
USD to Japanese Yen / Jun 18	144.98
USD to Swiss Franc / Jun 18	0.82
Pound Sterling to USD / Jun 18	1.35
Euro to USD / Jun 18	1.15
UK LIBOR % / Jun 17	4.96

Stock	Volume
S&P 500 / Jun 17	5,982.72
Nasdaq / Jun 17	19,521.09
Dow Jones / Jun 17	42,215.80
India Sensex / Jun 18	81,296.14
Tokyo Nikkei / Jun 18	38,885.15
Hang Seng / Jun 18	23,694.84
FTSE 100 / Jun 18	8,846.17
Germany DAX 30 / Jun 18	23,428.07
France CAC40 / Jun 18	7,690.56

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 17	16,785
Gold 10 Grams PKR / Jun 17	309,756
Petrol/Litre / Jun 18	258.43
Crude Oil USD/Barrel / Jun 18	74.83
Gold Spot USD/Ounce / Jun 18	3,381.83
Diesel/Litre / Jun 18	262.59
Cotton US¢/pound / Jun 18	67.70

Gainers
Losers
Leaders

Stock	Price
First Prudential Mod. / Jun 18 First Prudential Modaraba(PMI)	4.87 ▲ 1 (25.84%)
Cresent Jute / Jun 18 Crescent Jute Products Limited(CJPL)	6.40 ▲ 0.83 (14.9%)
Siddiqsons Tin / Jun 18 Siddiqsons Tin Plate Limited(STPL)	6.89 ▲ 0.75 (12.21%)
Service Textile / Jun 18 Service Industries Textiles Limited(SERT)	19.67 ▲ 1.79 (10.01%)
Rupali polyester / Jun 18 Rupali Polyester Limited(RUPL)	20.34 ▲ 1.85 (10.01%)
Haseeb Waqas / Jun 18 Haseeb Waqas Sugar Mills Limited(HWQS)	12.10 ▲ 1.1 (10%)
Kohinoor Mills / Jun 18 Kohinoor Mills Limited(KML)	44.46 ▲ 4.04 (10%)
Leather Up Ltd. / Jun 18 Leather Up Limited(LEUL)	32.23 ▲ 2.93 (10%)
Hinopak Motor / Jun 18 Hinopak Motors Limited(HINO)	451.03 ▲ 41 (10%)
Zahid Jee Textile / Jun 18 Zahidjee Textile Mills Limited(ZAHID)	36.08 ▲ 3.28 (10%)

Stock	Price
Pervez Ahmed Consultancy / Jun 18 Pervez Ahmed Consultancy Services Ltd.(PASL)	3.18 ▼ -0.7 (-18.04%)
Ist.Capital Sec / Jun 18 First Capital Securities Corporation(FCSC)	2.88 ▼ -0.43 (-12.99%)
First IBL Mod. / Jun 18 First IBL Modaraba(FIBLM)	4.21 ▼ -0.62 (-12.84%)
First Treet Manuf / Jun 18 First Treet Manufacturing Modaraba(FTMM)	4.91 ▼ -0.61 (-11.05%)
Tariq Corp.Pref. / Jun 18 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.94 ▼ -0.98 (-10.99%)
Gulistan Sp. / Jun 18 Gulistan Spinning Mills Limited(GUSM)	8.30 ▼ -0.98 (-10.56%)
Sardar Chemical / Jun 18 Sardar Chemical Industries Limited(SARC)	69.39 ▼ -7.71 (-10%)
PIA Holding Co.B / Jun 18 PIA Holding Company Limited B(PIAHCLB)	13,770.20 ▼ -1529.97 (-10%)
Pakgen Power / Jun 18 Pakgen Power Limited(PKGP)	213.65 ▼ -23.74 (-10%)
Baba Farid Sugar / Jun 18 Baba Farid Sugar Mills Limited(BAFS)	55 ▼ -6.01 (-9.85%)

Stock	Volume
WorldCall Telecom / Jun 18 Worldcall Telecom Limited(WTL)	110,698,161 ▼ -0.11
First Prudential Mod. / Jun 18 First Prudential Modaraba(PMI)	51,711,290 ▲ 1
Pervez Ahmed Consultancy / Jun 18 Pervez Ahmed Consultancy Services Ltd.(PASL)	40,869,408 ▼ -0.7
Sui South Gas / Jun 18 Sui Southern Gas Company Limited(SSGC)	35,689,384 ▼ -0.62
TPL Properties / Jun 18 TPL Properties Limited(TPLP)	26,132,805 ▲ 0.34
Ist.Capital Sec / Jun 18 First Capital Securities Corporation(FCSC)	22,498,201 ▼ -0.43
PIA Holding Co.Ltd / Jun 18 PIA Holding Company Limited(PIAHCLA)	19,254,790 ▼ -1.85
Secure Logistics / Jun 18 Secure Logistics Group Limited(SLGL)	18,115,203 ▼ -0.95
First Dawood Prop. / Jun 18 First Dawood Properties Limited(FDPL)	17,153,517 ▲ 0.09
Invest Bank / Jun 18 Invest Capital Investment Bank Limited(ICIBL)	17,046,495 ▼ -0.72

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