News Archives for Print - 2024-12-23

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Print - 2024-12-23

Sindh governor welcomes APPNA team

KARACHI: Sindh Governor Kamran Khan Tessori has said that Pakistan lacks no talent as many renowned doctors in the...

Published 23 Dec, 2024 08:05am

Companies

Meezan Bank, AHL launch instant top-up service for investors

KARACHI: Meezan Bank, Pakistan’s leading Islamic bank, and Arif Habib Limited, a leader in investment banking, have...

Published 23 Dec, 2024 08:04am

Churches’ security beefed up ahead of Christmas

LAHORE: The provincial capital was placed under high-security alert on Sunday to ensure the safety of churches ahead...

Published 23 Dec, 2024 08:03am

Govt committed to providing equal opportunities to women: PM

ISLAMABAD: Prime Minister Shehbaz Sharif today reaffirmed the commitment to ensuring that women in Pakistan are...

Published 23 Dec, 2024 08:01am

Political, technical panels: KP Governor notifies members

PESHAWAR: The Governor Khyber Pakhtunkhwa Faisal Karim Kundi notified the names of the members of political and...

Published 23 Dec, 2024 07:50am

Sindh CM for swift completion of Malir Expressway Project

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, without protocol, conducted a surprise morning inspection of the...

Published 23 Dec, 2024 07:45am

Middle East

Syrian Kurdish groups on the back foot as power balance shifts

QAMISHLI, Syria/BEIRUT/ANKARA: With hostile Turkish-backed groups mobilising against them in Syria’s north, and...

Published 23 Dec, 2024 07:40am

Turkey says it believes Kurdish fighters will be forced out of all Syrian territory

ANKARA: Turkey believes Syria’s new rulers, including the Syrian National Army (SNA) armed group which Ankara...

Published 23 Dec, 2024 07:35am

Africa

Death toll in Nigeria food queue stampedes rises to 32

LAGOS: Nigerian police on Sunday raised the total death toll from two stampedes at food distribution centres to 32,...

Published 23 Dec, 2024 07:32am

Europe

France awaits appointment of new government

PARIS: France awaited the appointment of a new government to lead the country out of its political crisis, with...

Published 23 Dec, 2024 07:29am

Middle East

Gaza medics struggle to rescue patients after Israel orders hospital evacuated

CAIRO: Israel ordered the closure and evacuation on Sunday of one of the last hospitals still partly functioning in ...

Published 23 Dec, 2024 07:17am

Middle East

Khamenei says Iran does not have or need regional proxy forces

TEHRAN: Iran’s supreme leader denied Sunday that militant groups around the region functioned as Tehran’s...

Published 23 Dec, 2024 07:17am

Europe

Finland PM says Russia ‘permanent’ threat to EU

HELSINKI: Finland’s Prime Minister Petteri Orpo said Sunday that Russia was a “permanent and dangerous threat”...

Published 23 Dec, 2024 07:09am

South Asia

Indian journalist who exposed corruption targeted with online smear campaign

NEW DELHI: Indian journalist Anand Mangnale is the target of an online smear campaign that began on December 5 when...

Published 23 Dec, 2024 07:07am

Europe

Putin vows ‘destruction’ on Ukraine after Kazan drone attack

MOSCOW: Russian President Vladimir Putin on Sunday vowed to bring more “destruction” to Ukraine in retaliation...

Published 23 Dec, 2024 06:57am

Stocks

Indian equity benchmarks snap 4-week rising streak

MUMBAI: Indian shares plunged on Friday, with the benchmarks logging their first weekly decline in five weeks, as...

Published 23 Dec, 2024 06:53am

Money & Banking

China’s yuan heads for weekly fall

SHANGHAI: China’s yuan was steady against the dollar on Friday, helped by firmer central bank guidance but was...

Published 23 Dec, 2024 06:50am

Money & Banking

Sterling set to end week in red

LONDON: Sterling held up against the dollar on Friday but was set to end the week lower after coming under pressure...

Published 23 Dec, 2024 06:49am

Stocks

Sri Lanka shares end higher

COLOMBO: Sri Lankan shares closed higher on Friday, aided by real estate and materials stocks. The CSE All-Share...

Published 23 Dec, 2024 06:48am

Stocks

Wall Street Week Ahead: Investors hope for ‘Santa Claus’ rally as stocks lose steam

NEW YORK: With December so far delivering Scrooge-like returns in an otherwise stellar year for US stocks, investors...

Published 23 Dec, 2024 06:47am

Iran protests US arrest of nationals over tech export

TEHRAN: Tehran has formally protested the arrests of two Iranians in Italy and the United States accused of...

Published 23 Dec, 2024 06:03am

FIA arrests two smugglers linked to Greek boat tragedy

GUJRANWALA: The Federal Investigation Agency on Sunday arrested two men involved in a recent boat tragedy off the...

Published 23 Dec, 2024 06:03am

Sindh minister explains how accelerated progress can be possible

KARACHI: Sindh Local Government minister Saeed Ghani has said the government and affluent people are under a solemn...

Published 23 Dec, 2024 06:03am

The Weather

KARACHI: The weather report on Sunday (December 22, 2024) and the forecast for Monday (December 23, 2024)....

Published 23 Dec, 2024 06:03am

Energy

Pakistan joins fossil-fuel non-proliferation coalition

ISLAMABAD: Pakistan has joined a coalition of climate-vulnerable countries advocating for a global fossil-fuel...

Published 23 Dec, 2024 06:03am

Commodities

Prices of kitchen items show rising trend

PESHAWAR: A steep increase in prices of important kitchen items was witnessed in the retail market. According to a...

Published 23 Dec, 2024 06:03am

Passports of 4,700 nationals imprisoned in UAE blocked

ISLAMABAD: The government of Pakistan has taken a stern stance against its citizens involved in criminal activities...

Published 23 Dec, 2024 06:03am

ECP celebrates ‘National Working Women’s Day’

ISLAMABAD: The Election Commission of Pakistan celebrated National Working Women’s Day by emphasising the...

Updated 23 Dec, 2024 09:04am

PDP chief for improving irrigation system

KARACHI: Growing water shortage is a serious threat to our agricultural-based economy and improving our outdated...

Published 23 Dec, 2024 06:03am

47 officers promoted from SI to Inspector rank in a ceremony

LAHORE: As per the instructions of Inspector General of Police Punjab, Dr. Usman Anwar, a ceremony was held at the...

Published 23 Dec, 2024 06:03am

Funeral prayers of martyred soldiers offered in Bannu

BANNU: Funeral prayers of martyrs, who embraced martyrdom in an exchange of fire with terrorists in South ...

Published 23 Dec, 2024 06:03am

Over 2.5m citizens avail policing services: IG

LAHORE: Punjab Police khidmat centers are actively engaged in delivering digital services to citizens. Each month,...

Published 23 Dec, 2024 06:03am

Rates

Marginal decline

KARACHI: Rupee decreased marginally against the US dollar during the previous week as it lost Re0.30 or 0.11% in the...

Published 23 Dec, 2024 06:03am

Rates

Futures spread up 335bps

KARACHI: The futures spread increased by 335bps to 25.96 percent on the last day of the outgoing week. Trading...

Published 23 Dec, 2024 06:03am

Rates

PSX remains under severe pressure

KARACHI: Pakistan Stock Exchange remained under severe pressure during the outgoing week ended on December 20, 2024...

Published 23 Dec, 2024 06:03am

Fog may affect several areas

ISLAMABAD: Pakistan Meteorological Department predicted on Sunday that continental air continues to dominate most...

Published 23 Dec, 2024 06:03am

KP govt launches helicopter service for Kurram

PESHAWAR: The provincial government of Khyber Pakhtunhwa has launched helicopter service to mitigate the sufferings...

Published 23 Dec, 2024 06:03am

Cotton & Textile

Weekly Cotton Review: Prices remain stable

KARACHI: Cotton prices in Pakistan remained stable last week, however, trading activity was subdued. A bearish trend...

Published 23 Dec, 2024 06:03am

Energy

No load-shedding in franchise areas: SSGC

KARACHI: At the outset it must be noted that SSGC is continuously experiencing gas shortages due to the yearly...

Published 23 Dec, 2024 06:03am

IMF and provincial governments

Three provincial chief ministers from three competing political parties – Punjab (PML-N), Sindh (PPP) and Khyber...

Updated 23 Dec, 2024 08:25am

Pakistan must prepare to let go off the crutches of remittances

A key ingredient in attaining external account stability is inward remittances, often hailed as the star performer....

Updated 23 Dec, 2024 08:26am

Letters

Power sector: Achilles’ heel

According to media reports, Minister for Power, Sardar Awais Ahmed Khan Leghari, has sought personal interventions ...

Updated 23 Dec, 2024 08:30am

USD25bn textile exports can be a reality

After a challenging year in 2023, Pakistan’s value-added textile sector has demonstrated remarkable resilience in...

Updated 23 Dec, 2024 08:51am

Climate change: the rising storm

Pakistan’s engagement with the climate crisis is emblematic of the struggles faced by developing nations grappling...

Updated 23 Dec, 2024 08:34am

Rates

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Sunday (December...

Published 23 Dec, 2024 06:03am

PPRA approves hiring of 26 experts on contract basis

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has approved hiring of 26 specialists/ experts but...

Updated 23 Dec, 2024 09:42am

Withdrawal of officers from mandatory trainings/courses: ED conveys PM’s ire to ministries, provinces

ISLAMABAD: The Establishment Division (ED) has reportedly conveyed the Prime Minister’s anger to the federal...

Updated 23 Dec, 2024 09:38am

Two foreign oil, gas firms win arbitration against PEL

ISLAMABAD: Two foreign oil and gas companies Frontier Holdings Limited (“FHL”) and Spud Energy Pty Limited (“SEPL”)...

Updated 23 Dec, 2024 09:50am

KP produces 30,000 bpd of crude oil per day

PESHAWAR: Khyber Pakhtunkhwa produces 30,000 barrel of crude oil per day, which is 42% of the total national...

Published 23 Dec, 2024 06:03am

Industry

Potential of JVs between Pak, Spanish cos highlighted

FAISALABAD: There was immense potential to launch joint ventures between Pakistani and Spanish companies ...

Published 23 Dec, 2024 06:03am

Industry

HCSTSI rejects massive gas price hike

HYDERABAD: The Acting President of Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Ahmed Idrees...

Published 23 Dec, 2024 06:03am

Companies

PIA inducts 11th Airbus A320 into fleet

KARACHI: Pakistan International Airlines (PIA) has inducted 11th Airbus A320 aircraft in its operational fleet. The...

Updated 23 Dec, 2024 08:59am

Taxes

KPRA slaps fine on famous restaurant

PESHAWAR: Under the directives of Advisor to the Finance Department, Khyber Pakhtunkhwa, Muzammil Aslam, and ...

Published 23 Dec, 2024 06:03am

Industry

Traders for honey testing lab in Peshawar

PESHAWAR: Business community has demanded of federal and provincial governments to set up a modern laboratory for...

Published 23 Dec, 2024 06:03am

Industry

PAJCCI, SIFC discuss Pak-Afghan trade

PESHAWAR: Office bearers of Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) have discussed modalities to...

Published 23 Dec, 2024 06:03am

Tax receipts must improve

EDITORIAL: Chairman Federal Board of Revenue (FBR) Rashid Mehmood Langrial while addressing the Lahore Chamber of...

Updated 23 Dec, 2024 08:17am

Unlocking regional potential

EDITORIAL: With the ouster of Sheikh Hasina’s government from Dhaka earlier in the year, the intervening months...

Updated 23 Dec, 2024 08:20am

Al-Qadir Trust scam: Verdict may not be announced today

ISLAMABAD: The Accountability Court has reportedly decided that it will not announce the verdict of the £190 million...

Updated 23 Dec, 2024 09:17am

PCA South uncovers Rs340m tax fraud

KARACHI: The Post Clearance Audit (PCA) South has exposed a massive financial fraud involving a phantom company that...

Updated 23 Dec, 2024 09:47am

Punjab dispatches medicines, other essential items to Parachinar

LAHORE: Punjab Chief Minister Maryam Nawaz on Sunday fulfilled her promise to provide medicines to the people of...

Updated 23 Dec, 2024 09:51am

Resident Pakistanis in UAE, UK: Rental income, capital gain not taxable: ATIR DB

ISLAMABAD: A division bench of Appellate Tribunal Inland Revenue (ATIR) has held that under the tax treaties of...

Updated 23 Dec, 2024 09:40am

COAS vows to hunt down terrorists

RAWALPINDI: General Syed Asim Munir, NI (M), Chief of the Army Staff (COAS), visited Wana, South Waziristan, ...

Published 23 Dec, 2024 06:03am

EU strongly reacts to conviction of civilians by military court

ISLAMABAD: The European Union (EU) on Sunday strongly reacted to the recent conviction of 25 civilians by a military...

Updated 23 Dec, 2024 09:38am

PTI welcomes PM’s step

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Sunday welcomed the constitution of a nine-member negotiating committee...

Updated 23 Dec, 2024 09:37am

PM forms 8-member body

LAHORE: Prime Minister Muhammad Shehbaz Sharif on Sunday constituted an eight-member negotiations committee to hold...

Published 23 Dec, 2024 06:03am

NA speaker invites govt, opposition for talks

ISLAMABAD: The National Assembly Speaker Ayaz Sadiq on Sunday invited both the government and opposition party...

Updated 23 Dec, 2024 09:29am

Positive GDP growth rate unlikely?

Dr Hafeez Pasha says this is due to negative growth in the large-scale manufacturing industries and a decline in major agriculture crops

Updated 23 Dec, 2024 10:51am

Stocks

FTSE 100 logs worst week in more than a year

LONDON: Britain’s FTSE 100 touched a more than one-month low on Friday and logged its sharpest drop since October...

Updated 23 Dec, 2024 06:52am

Business Development Centre in Makli opened

HYDERABAD: The Sindh Community Foundation (SCF) has inaugurated a Business Development Centre in Makli, Thatta....

Updated 23 Dec, 2024 07:55am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 19	279.55
USD PKR Interbank Buying / Feb 19	279.30
USD to Japanese Yen / Feb 19	151.75
USD to Swiss Franc / Feb 19	0.90
Pound Sterling to USD / Feb 19	1.26
Euro to USD / Feb 19	1.05
UK LIBOR % / Feb 18	4.96

Stock	Volume
S&P 500 / Feb 18	6,129.58
Nasdaq / Feb 18	20,041.26
Dow Jones / Feb 18	44,556.34
India Sensex / Feb 19	76,134.80
Tokyo Nikkei / Feb 19	39,180.25
Hang Seng / Feb 19	22,851
FTSE 100 / Feb 19	8,744.63
Germany DAX 30 / Feb 19	22,912.44
France CAC40 / Feb 19	8,198.34

Item	Value
Karachi Cotton PKR/37.32 KG / Feb 18	17,785
Petrol/Litre / Feb 19	256.13
Crude Oil USD/Barrel / Feb 19	72.08
Gold 10 Grams PKR / Feb 19	242,063
Gold Spot USD/Ounce / Feb 19	2,935.26
Diesel/Litre / Feb 19	263.95
Cotton US¢/pound / Feb 19	68.54

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Feb 19 First Punjab Modaraba(FPJM)	4.95 ▲ 1 (25.32%)
K-Electric Ltd. / Feb 19 K-Electric Limited(KEL)	4.95 ▲ 0.72 (17.02%)
Parmount Sp. / Feb 19 Paramount Spinning Mills Limited(PASM)	4.30 ▲ 0.61 (16.53%)
Tri-Star Mutual / Feb 19 Tri-Star Mutual Fund Limited(TSMF)	8.32 ▲ 0.82 (10.93%)
Kohinoor Spining / Feb 19 Kohinoor Spinning Mills Limited(KOSM)	6.45 ▲ 0.6 (10.26%)
Descon Oxychem / Feb 19 Descon Oxychem Limited(DOL)	28.01 ▲ 2.55 (10.02%)
Ideal Sp. / Feb 19 Ideal Spinning Mills Limited(IDSM)	13.85 ▲ 1.26 (10.01%)
Arif Habib Corp / Feb 19 Arif Habib Corporation Limited(AHCL)	88.55 ▲ 8.05 (10%)
J.K.Spinning / Feb 19 J.K. Spinning Mills Limited(JKSM)	73.35 ▲ 6.67 (10%)
Intermarket Securities / Feb 19 Intermarket Securities Limited(IMS)	65.23 ▲ 5.93 (10%)

Stock	Price
Blue-Ex Ltd / Feb 19 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
At-Tahur Ltd. / Feb 19 At-Tahur Limited(PREMA)	38.40 ▼ -4.27 (-10.01%)
Fateh Ind. / Feb 19 Fateh Industries Limited(FIL)	119.55 ▼ -13.28 (-10%)
Universal Ins. / Feb 19 The Universal Insurance Company Limited(UVIC)	12.29 ▼ -1.36 (-9.96%)
Bela Auto / Feb 19 Bela Automotives Limited(BELA)	132.99 ▼ -12.65 (-8.69%)
Shield Corp. / Feb 19 Shield Corporation Limited(SCL)	259 ▼ -24.22 (-8.55%)
Blessed Tex. / Feb 19 Blessed Textiles Limited(BTL)	315 ▼ -29.12 (-8.46%)
Orient Rental / Feb 19 Orient Rental Mod(ORM)	8.05 ▼ -0.7 (-8%)
Liven Pharma / Feb 19 Liven Pharma Limited(LIVEN)	108 ▼ -9.12 (-7.79%)
Khalid Siraj / Feb 19 Khalid Siraj Textile Mills Limited(KSTM)	7.61 ▼ -0.62 (-7.53%)

Stock	Volume
B.O.Punjab / Feb 19 The Bank of Punjab(BOP)	200,841,500 ▼ -0.29
K-Electric Ltd. / Feb 19 K-Electric Limited(KEL)	180,253,985 ▲ 0.72
Fauji Cement / Feb 19 Fauji Cement Company Limited(FCCL)	37,960,828 ▲ 2.04
WorldCall Telecom / Feb 19 Worldcall Telecom Limited(WTL)	27,730,117 ▼ -0.02
Power Cement / Feb 19 Power Cement Limited(POWER)	25,779,974 ▼ -0.01
Kohinoor Spining / Feb 19 Kohinoor Spinning Mills Limited(KOSM)	24,723,232 ▲ 0.6
D.G.K.Cement / Feb 19 D.G. Khan Cement Company Limited(DGKC)	24,719,478 ▲ 3.54
Lotte Chemical / Feb 19 Lotte Chemical Pakistan Limited(LOTCHEM)	20,323,896 ▼ -1.46
P.T.C.L. / Feb 19 Pakistan Telecommunication Company Ltd(PTC)	19,754,534 ▲ 0.26
TPL Properties / Feb 19 TPL Properties Limited(TPLP)	16,299,809 ▼ -0.1

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