News Archives for Print - 2024-11-01

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Print - 2024-11-01

Stocks

STOXX 600 logs worst month in a year on earnings

FRANKFURT: Europe’s STOXX 600 slumped over 1% on Thursday, notching the steepest monthly decline in a year, ...

Published 01 Nov, 2024 08:36am

Money & Banking

Russian rouble flat

MOSCOW: The Russian rouble was flat against the US dollar and the Chinese yuan on Thursday as the central bank’s...

Published 01 Nov, 2024 08:34am

Stocks

Wall St slides as Meta, Microsoft warnings trigger fears over AI trade

NEW YORK: Wall Street tumbled on Thursday, after warnings from Microsoft and Meta Platforms about escalating AI ...

Published 01 Nov, 2024 08:33am

ASEAN member states, Central Asia: Markets under renewed govt focus to boost exports: DG TDAP

LAHORE: Director General of the Trade Development Authority of Pakistan (TDAP) Rafia Syed has said that ASEAN and...

Published 01 Nov, 2024 08:31am

CM for launching Journalist Housing Foundation Phase-II

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has directed the information ministry to take steps to launch the...

Published 01 Nov, 2024 08:26am

Punjab Roads Safety Authority: Punjab cabinet accords its approval to establishment

LAHORE: Punjab cabinet, which met here Thursday with Chief Minister Maryam Nawaz Sharif in the chair, accorded...

Published 01 Nov, 2024 08:26am

Taxes

Sales tax evasion: Tribunal overturns order against taxpayer

LAHORE: In a significant ruling, the Customs, Excise and Sales Tax appellate tribunal has annulled orders passed by...

Published 01 Nov, 2024 08:25am

Smog-control programme: CM launches first ‘Super Seeder Project’

LAHORE: Historic era of mechanized cultivation in Punjab begins as Chief Minister Maryam Nawaz Sharif launched the...

Published 01 Nov, 2024 08:23am

Industry

APTMA urges SBP’s MPC to reduce interest rate by 500bps

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has sought a cut of at least 500 basis points in...

Published 01 Nov, 2024 08:22am

Upgrading city infrastructure, controlling pollution: CM apprises Canadian envoy about Sindh govt’s initiative

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, in his meeting with the Canadian High Commissioner Ms Leslie...

Published 01 Nov, 2024 08:20am

Pakistani journalists report in fear, says CPJ

NEW YORK: Hope for justice in journalist murders is dim across the world, but especially in Pakistan, which has...

Published 01 Nov, 2024 08:19am

Sharjeel felicitates newly-elected PBA office-bearers

KARACHI: Senior Minister of Sindh and Provincial Minister for Information, Transport, Excise, Taxation, and ...

Published 01 Nov, 2024 08:18am

DG visits grand auction site for commercial plots

ISLAMABAD: The Director General of the Federal Government Employees Housing Authority, Captain Muhammad Zafar Iqbal...

Published 01 Nov, 2024 08:17am

Commodities

Silver hits new high, gold falls

KARACHI: The local silver prices surged to a new high on Thursday, while gold saw a decline in value, traders said....

Published 01 Nov, 2024 08:16am

Al-Qadir Trust case: AC warns to cancel Bushra’s bail on lawyer’s unprofessional behaviour

ISLAMABAD: An Accountability Court hearing Al-Qadir Trust case against Pakistan Tehreek-e-Insaf (PTI) founding...

Published 01 Nov, 2024 08:15am

Adiala Jail official directed to ensure IK being provided with all facilities

ISLAMABAD: The Islamabad High Court (IHC), Thursday, directed the deputy superintendent of Adiala Jail to ensure ...

Published 01 Nov, 2024 08:13am

Companies

Closing transaction for Telenor’s sale to PTCL likely now early 2025

ISLAMABAD: The closing transaction for the sale of Telenor Pakistan to Pakistan Telecommunications Company Ltd ...

Published 01 Nov, 2024 08:12am

EPA for sending students with ailments on leave

LAHORE: The Environmental Protection Agency (EPA) on Thursday instructed all the schools of special education (both...

Published 01 Nov, 2024 08:10am

Taxes

FBR’s efforts to stop tax leakages commendable

LAHORE: The government's recognition and efforts to curb tax evasion across the country are commendable; however,...

Published 01 Nov, 2024 08:08am

Companies

Lahore and Riyadh: Fly Jinnah expands its international network with new flights

KARACHI: Fly Jinnah, Pakistan’s low-cost carrier, announces the expansion of its international network with the...

Published 01 Nov, 2024 08:06am

Complainant is a successful bidder: FTO directs FBR to facilitate delivery of car

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to facilitate the ...

Published 01 Nov, 2024 08:05am

Govt abolishes condition of passport issuance only from RPO

ISLAMABAD: The government has abolished the condition that passport will be issued only from the Regional Passport...

Published 01 Nov, 2024 08:01am

Industry

‘Govt’s desire to trade with India is positive’

KARACHI: Chairman of National Business Group Pakistan, President of the Pakistan Businessmen and Intellectuals ...

Published 01 Nov, 2024 07:59am

Physical remand of Imaan Mazari, husband: IHC declares ATC’s order null and void

ISLAMABAD: The Islamabad High Court (IHC), Thursday, declared the Anti-Terrorism Court (ATC)’s order of granting...

Published 01 Nov, 2024 07:57am

KBP approaches LHC

LAHORE: Kissan Board of Pakistan (KBP) has approached the Lahore High Court for a direction against the Punjab...

Published 01 Nov, 2024 07:54am

MD SNGPL visits Lahore region

LAHORE: Managing Director SNGPL, Amer Tufail visited the Lahore region to review key operational matters and ...

Published 01 Nov, 2024 07:53am

Energy

Share capital of Shell Pakistan: Proposed name ‘Wafi Energy Pakistan Ltd’ approved

KARACHI: After the completion of acquisition of 87.78 percent of the total issued share capital of Shell Pakistan...

Published 01 Nov, 2024 07:44am

Punjab Assembly Speaker meets Governor

LAHORE: Speaker Punjab Assembly Malik Muhammad Ahmad Khan met Governor Punjab Sardar Saleem Haider Khan and ...

Published 01 Nov, 2024 07:42am

Energy

Rs2.88/kg raised in LPG consumer price

ISLAMABAD: Oil and Gas Regulatory Authority (Ogra) on Thursday notified Rs2.88 per kg raise in LPG consumer price ...

Published 01 Nov, 2024 07:39am

PARTLY FACETIOUS: The Third Wife was silent

“So how goes it!” “How what goes?” “The conspiracy theory. The Third Wife is out, and I am not sure if she...

Published 01 Nov, 2024 07:29am

Academic year 2025: SU sets 30pc cut-off score for bachelor’s admissions

HYDERABAD: The University of Sindh, Jamshoro has established a 30 percent cut-off score for admissions to its...

Published 01 Nov, 2024 07:22am

Ziauddin University concludes breast cancer awareness month

KARACHI: Ziauddin University organized a compelling event to conclude a month-long awareness campaign on breast...

Published 01 Nov, 2024 07:21am

President suffers foot fracture

DUBAI: President Asif Ali Zardari suffered a foot fracture last night upon disembarking a plane at Dubai Airport, a...

Published 01 Nov, 2024 07:20am

Energy

Czechs buy gas from Algeria

PRAGUE: The Czech Republic has started to import gas from Algeria in a bid to offset supplies from Russia as it...

Published 01 Nov, 2024 07:15am

Misuse of CSR funds: Body takes serious notice of weak regulatory oversight

ISLAMABAD: The Standing Committee on Energy (Petroleum Division) takes serious notice of the weak regulatory...

Published 01 Nov, 2024 07:10am

Capital realtors slam property valuation hike

ISLAMABAD: The Islamabad-based property developers have expressed grave concern over Federal Board of Revenue’s...

Updated 01 Nov, 2024 09:14am

Sindh govt jobs: SC strikes down 15-year age relief

ISLAMABAD: The Supreme Court struck down the 15 years’ age relaxation accorded in the upper age limit for all...

Updated 01 Nov, 2024 09:32am

Imaan Mazari, husband granted bail

ISLAMABAD: The Anti-Terrorism Court on Thursday granted bail to lawyer Imaan Zainab Mazari-Hazir and her husband ...

Published 01 Nov, 2024 06:51am

US again denies allegations of involvement in IK’s ouster

WASHINGTON: The US State Department has again rejected allegations suggesting American involvement in the ousting of...

Published 01 Nov, 2024 06:51am

FO says has no interest in holding talks with TTP, other terrorists groups

ISLAMABAD: The Foreign Office said on Thursday that Pakistan has “absolutely no interest” in holding talks with...

Published 01 Nov, 2024 06:51am

Islamabad, provincial capitals: PTI contemplating organising large-scale demos

ISLAMABAD: Amid the ongoing crackdown against Pakistan Tehreek-e-Insaf (PTI) leaders and workers, the party is...

Published 01 Nov, 2024 06:51am

President arrives in Dubai

DUBAI: President Asif Ali Zardari on Thursday arrived in Dubai for a private two-day visit. Senate Chairman Yousuf...

Published 01 Nov, 2024 06:51am

Court acquits Karsaz accident accused

KARACHI: A sessions court in Karachi on Thursday acquitted bail accused Natasha Danish in the Karsaz traffic ...

Published 01 Nov, 2024 06:51am

IHC allows plea challenging Rule 265 of Jail Rules

ISLAMABAD: The Islamabad High Court (IHC) allowed a petition challenging Rule 265 of the Jail Rules, which imposes a...

Published 01 Nov, 2024 06:51am

Asia

N Korea fires ICBM as US, Seoul slam Russia deployment

SEOUL: North Korea said Thursday it had test-fired one of its newest and most powerful missiles to boost its nuclear...

Published 01 Nov, 2024 06:51am

1.2 billion people at ‘high risk’ from climate change: World Bank

WASHINGTON: 1.2 billion people around the globe are at high risk from the impacts of climate change, the World Bank...

Published 01 Nov, 2024 06:51am

Germany to close Iranian consulates over execution

BERLIN: Germany will close the three Iranian consulates on its soil in response to the execution of German-Iranian...

Published 01 Nov, 2024 06:51am

Ford to halt production of F-150 Lightning EV pickup trucks for six weeks

WASHINGTON: Ford Motor will halt production of its F-150 Lightning electric vehicle pickup trucks for six weeks from...

Published 01 Nov, 2024 06:51am

Middle East

Hezbollah attack kills five in northern Israel as US envoys push truce

BEIRUT: A Hezbollah attack on northern Israel’s Metula killed five people including an Israeli farmer and four...

Published 01 Nov, 2024 06:51am

Challenges before the new CJP

“….the trial of civilian protesting……in .incidents of the 9th and 10th of May 2023 may be proceeded...

Updated 01 Nov, 2024 08:45am

Serious issues in IMF programmes: time for urgent reform

‘Augusto Pinochet’s coup in Chile is widely seen as inaugurating the global neoliberal era. As the 1970s progressed,...

Updated 01 Nov, 2024 11:36pm

Letters

‘President Xi’s shared prosperity model’

This is apropos three letters to Editor titled “President Xi’s shared prosperity model” carried by the...

Published 01 Nov, 2024 06:51am

Stocks

PSX: Oct witnesses flurry of all-time highs

KARACHI: Pakistan Stock Exchange performed exceptionally well and hit historic highest-ever levels during the month...

Published 01 Nov, 2024 06:51am

Transforming cotton with contract farming

Contract growing represents an innovative agricultural framework whereby a formal agreement is established between...

Updated 01 Nov, 2024 08:50am

Big business: significance of indulgences

In Pakistan being a big business person is not good news. Too much pressure, scrutiny and calls for political...

Updated 01 Nov, 2024 08:49am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 38.666...

Published 01 Nov, 2024 06:51am

Haiti and Israel top list of countries where journalist murders go unpunished

NEW YORK: Two small nations with outsized levels of impunity—Haiti and Israel—are the world’s top offenders in...

Published 01 Nov, 2024 06:51am

Russia’s ‘comprehensive’ treaty with Iran will include defence: Lavrov

MOSCOW: A treaty that Russia and Iran intend to sign shortly will include closer defence cooperation, Russian ...

Published 01 Nov, 2024 06:51am

FWO – Leading in Nation Building

Prologue, Frontier Works Organization (FWO) began its historic journey from 31 October 1966, with the construction ...

Published 01 Nov, 2024 06:51am

FWO and Faizan Steel

A Tribute To Fwo (A Relationship As Strong As Steel), For over 25 years, Frontier Works Organization (FWO),...

Published 01 Nov, 2024 06:51am

Frontier Works Organization Reliability & Excellence

Execution of KKH Project was executed into two phases: Phase 1. A total of 589 km road was constructed from Thakot ...

Published 01 Nov, 2024 06:51am

The Weather

KARACHI: The weather report on Thursday (October 31, 2024) and the forecast for Friday (November 01, 2024)...

Published 01 Nov, 2024 06:51am

Rates

Selling frenzy trims gains

KARACHI: Pakistan Stock Exchange on Thursday witnessed a bearish trend and despite positive opening, closed in deep...

Published 01 Nov, 2024 06:51am

Stocks

China stocks higher as manufacturing activity returns to growth

SHANGHAI: China stocks ended slightly higher on Thursday, led by property shares, as the country’s manufacturing...

Published 01 Nov, 2024 06:51am

Stocks

Most Gulf markets gain on Israel-Hezbollah ceasefire hopes

DUBAI: Most stock markets in the Gulf ended higher on Thursday, helped by hopes for a potential ceasefire deal...

Published 01 Nov, 2024 06:51am

Stocks

Indian shares log worst month on record foreign outflows

MUMBAI: Indian shares fell on Thursday, logging their worst monthly performance since March 2020, as record monthly...

Published 01 Nov, 2024 06:51am

Energy

US natural gas prices slide

NEW YORK: US natural gas futures slid about 2% on Thursday on forecasts for mild weather to continue through mid...

Published 01 Nov, 2024 06:51am

Grains

Rice export prices in India extend losses

MUMBAI/BANGLADESH/BANGKOK AND HANOI: Rice export prices in India extended losses this week to hit their lowest level...

Published 01 Nov, 2024 06:51am

Energy

Oil prices higher

HOUSTON: Oil prices ticked up 1% on Thursday as investors considered stronger US fuel demand and reports that...

Published 01 Nov, 2024 06:51am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 128,513 tonnes of cargo comprising 72,804 tonnes of import cargo and 55,709...

Published 01 Nov, 2024 06:51am

Commodities

Iron ore futures range-bound

BEIJING: Iron ore futures held within a narrow range on Thursday as upbeat industry data from top consumer China...

Published 01 Nov, 2024 06:51am

Commodities

Gold consolidates after climbing record peak

NEW YORK: Gold retreated on Thursday as prices consolidated after hitting a record high, but safe-haven demand...

Published 01 Nov, 2024 06:51am

Commodities

Chicago soybeans surrender gains on harvest pressure

BEIJING: Chicago soybean futures eased on Thursday, surrendering gains from the previous session, as abundant...

Published 01 Nov, 2024 06:51am

Commodities

Japanese rubber futures rebound

JAKARTA/TOKYO: Japanese rubber futures snapped a six-session losing streak on Thursday, as hopes grew that top...

Published 01 Nov, 2024 06:51am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (October 31, 2024)...

Published 01 Nov, 2024 06:51am

Cotton & Textile

Spot rate firm in process of trading activity

LAHORE: The Spot Rate remained unchanged in process of trading activity on Thursday. Cotton Analyst Naseem Usman...

Published 01 Nov, 2024 06:51am

Rates

LME official prices

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

Published 01 Nov, 2024 06:51am

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 01 Nov, 2024 06:51am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (October 31, 2024). ========================== KIBOR...

Published 01 Nov, 2024 06:51am

Forex

Open market rates of foreign currencies

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

Published 01 Nov, 2024 06:51am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (October 31, 2024). ======================== Open Bid...

Published 01 Nov, 2024 06:51am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (October 31, 2024)....

Published 01 Nov, 2024 06:51am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 31, 2024)....

Published 01 Nov, 2024 06:51am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (October 31, 2024)...

Published 01 Nov, 2024 06:51am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (October 31, 2024). ======================================= Offset...

Published 01 Nov, 2024 06:51am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (October 31, 2024). ==================================== BR...

Published 01 Nov, 2024 06:51am

Negotiations with IPPs: Nepra voices concerns about ‘key’ factors

Concerns raised during public hearing on the provisional Fuel Charges Adjustment for K-Electric for September 2024

Updated 01 Nov, 2024 09:39am

Conversion of power plants to coal: NEA of China seeks to set up working group for talks

ISLAMABAD: The National Energy Administration (NEA) of China is said to have shown willingness, in principal, to...

Updated 01 Nov, 2024 09:10am

Registered persons’ data, profiles: Taxmen granted real-time access for assessment

ISLAMABAD: The Federal Board of Revenue (FBR) has granted tax officers real-time/in-depth access to registered...

Updated 01 Nov, 2024 09:23am

Rs103bn shortfall: FBR collects Rs877bn in October

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 877 billion during October 2024 against assigned...

Updated 01 Nov, 2024 09:34am

Alarming surge in Wild Poliovirus Type-1: Govts to jointly review, monitor situation

ISLAMABAD: Following an alarming surge in Wild Poliovirus Type-1 (WPV1) cases in the country within past three...

Updated 01 Nov, 2024 09:11am

Five-year CPEC development plan: Ahsan calls for involving all provinces

ISLAMABAD: A high-level meeting was chaired by Federal Minister for Planning, Development, and Special Initiatives...

Updated 01 Nov, 2024 09:20am

Climate change could cut Pakistan’s GDP by 21.1pc by 2070: ADB

ISLAMABAD: Climate change could cut Pakistan’s gross domestic product (GDP) by 21.1 per cent by 2070 under a high...

Updated 01 Nov, 2024 09:58am

1.4pc of GDP: Q1 ends with Rs1.696trn budget balance

Statistics

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 23	278.71
USD PKR Interbank Buying / Jan 23	278.56
USD to Japanese Yen / Jan 23	156.57
USD to Swiss Franc / Jan 23	0.91
Pound Sterling to USD / Jan 23	1.23
Euro to USD / Jan 23	1.04

Stock	Volume
S&P 500 / Jan 22	6,086.37
Nasdaq / Jan 22	20,009.34
Dow Jones / Jan 22	44,156.73
India Sensex / Jan 23	76,579.87
Tokyo Nikkei / Jan 23	40,000.30
Hang Seng / Jan 23	19,695.88
FTSE 100 / Jan 23	8,544.98
Germany DAX 30 / Jan 23	21,282.88

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 22	18,485
Gold 10 Grams PKR / Jan 22	246,440
Crude Oil USD/Barrel / Jan 23	75.19
Gold Spot USD/Ounce / Jan 23	2,754.03
Cotton US¢/pound / Jan 23	67.06
Petrol/Litre / Jan 24	256.13

Gainers
Losers
Leaders

Stock	Price
Saritow Spinning / Jan 23 Saritow Spinning Mills Limited(SSML)	10.12 ▲ 1.00 (10.96%)
Apna Microfin. / Jan 23 Apna Microfinance Bank Limited(AMBL)	10.50 ▲ 0.97 (10.18%)
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	94.44 ▲ 8.59 (10.01%)
Leather Up Ltd. / Jan 23 Leather Up Limited(LEUL)	30.33 ▲ 2.76 (10.01%)
Olympia Mills / Jan 23 Olympia Mills Limited(OML)	37.04 ▲ 3.37 (10.01%)
Arif Habib Ltd. / Jan 23 Arif Habib Limited(AHL)	72.46 ▲ 6.59 (10.00%)
Dewan Motors / Jan 23 Dewan Farooque Motors Limited(DFML)	46.07 ▲ 4.19 (10.00%)
Mughal Energy / Jan 23 Mughal Energy Limited(GEM)(GEMMEL)	21.45 ▲ 1.95 (10.00%)
Liven Pharma / Jan 23 Liven Pharma Limited(LIVEN)	150.99 ▲ 13.73 (10.00%)

Stock	Price
Nagina Cot. / Jan 23 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Gulistan Sp. / Jan 23 Gulistan Spinning Mills Limited(GUSM)	10.92 ▼ -1.21 (-9.98%)
Fecto Cement / Jan 23 Fecto Cement Limited(FECTC)	105.20 ▼ -11.20 (-9.62%)
J.K.Spinning / Jan 23 J.K. Spinning Mills Limited(JKSM)	60.50 ▼ -6.14 (-9.21%)
Kohat Textile / Jan 23 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Ruby Textile / Jan 23 Ruby Textile Mills Limited(RUBY)	6.67 ▼ -0.62 (-8.50%)
Sana Ind / Jan 23 Sana Industries Limited(SNAI)	28.60 ▼ -2.64 (-8.45%)
Faisal Sp. / Jan 23 Faisal Spinning Mills Limited(FASM)	340.01 ▼ -29.89 (-8.08%)
Calcorp Ltd / Jan 23 Calcorp Limited(CASH)	33.11 ▼ -2.82 (-7.85%)

Stock	Volume
Cnergyico PK / Jan 23 Cnergyico PK Limited(CNERGY)	141,910,406 ▲ 0.58
WorldCall Telecom / Jan 23 Worldcall Telecom Limited(WTL)	100,218,430 ▲ 0.10
Fauji Cement / Jan 23 Fauji Cement Company Limited(FCCL)	83,552,040 ▲ 2.32
Lotte Chemical / Jan 23 Lotte Chemical Pakistan Limited(LOTCHEM)	35,610,583 ▲ 0.74
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	32,491,903 ▲ 8.59
Bank Makramah / Jan 23 Bank Makramah Limited(BML)	30,547,553 ▼ -0.11
Maple Leaf Cement / Jan 23 Maple Leaf Cement Factory Limited(MLCF)	26,406,513 ▲ 2.50
Fauji Foods Ltd / Jan 23 Fauji Foods Limited(FFL)	22,103,404 ▲ 0.45
D.G.K.Cement / Jan 23 D.G. Khan Cement Company Limited(DGKC)	16,695,919 ▲ 2.76

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