News Archives for Print - 2025-01-14

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Print - 2025-01-14

Country preparing to launch yuan-denominated bonds: Aurangzeb

**ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday has said that the country is preparing to launch...

Updated 14 Jan, 2025 02:57pm

The Weather

KARACHI: The weather report on Monday (January 13, 2025) and the forecast for Tuesday (January 14, 2025)...

Published 14 Jan, 2025 03:12am

‘Poor performance’ of education board finds an echo in PA

KARACHI: Opposition’s concerns again resonated during the Sindh Assembly session over alleged mismanagement and...

Published 14 Jan, 2025 03:12am

Sindh-CLF partnership helps reduce infant mortality rate: CM

KARACHI: Sindh Chief Minister Murad Ali Shah has said that the successful partnership between the Sindh government...

Published 14 Jan, 2025 03:12am

Senate panel told: Chinese power sector investors face problems in G-B

ISLAMABAD: Chief Secretary Gilgit-Baltistan (G-B) has revealed that while China is working on critical ...

Published 14 Jan, 2025 03:12am

CDA cancels lease of petrol pump

ISLAMABAD: The Capital Development Authority (CDA) on Monday terminated the lease of a petrol pump in Sector F-6,...

Published 14 Jan, 2025 03:12am

Verdict in £190m Al-Qadir Trust case deferred once again by accountability court

ISLAMABAD: The Accountability Court on Monday deferred the announcement of its reserved verdict of the Al-Qadir ...

Published 14 Jan, 2025 03:12am

Tarar terms 190m pounds corruption case ‘premeditated’

ISLAMABAD: Federal Minister for Information, Broadcasting, National Heritage, and Culture Attaullah Tarar has termed...

Published 14 Jan, 2025 03:12am

Govt-opposition talks: 3rd round to take place on 16th

ISLAMABAD: In a bid to resolve political instability in the country, the government and opposition Pakistan...

Published 14 Jan, 2025 03:12am

Commodities

Malaysian palm oil higher on soyoil strength

JAKARTA: Malaysian palm oil futures closed higher on Monday, tracking strength in rival soyoil on Dalian and Chicago...

Published 14 Jan, 2025 03:12am

Energy

Oil prices climb to 4-month high on expectations

NEW YORK: Oil prices climbed about 2% to a four-month high on Monday on expectations that wider US sanctions on...

Published 14 Jan, 2025 03:12am

Commodities

Iron ore futures up

BEIJING: Iron ore futures rallied to their highest in more than a week on Monday, as revived hopes of more stimulus...

Published 14 Jan, 2025 03:12am

Trial over Apple App Store ‘surcharge’ opens in UK

LONDON: Apple was accused Monday of abusing the dominant position of its app store at the start of a court trial in...

Published 14 Jan, 2025 03:12am

Russia says Ukraine targeted gas pipeline to Turkey

MOSCOW: Russia accused Ukraine on Monday of launching a drone attack on the infrastructure of a major gas pipeline...

Published 14 Jan, 2025 03:12am

ICJ judge Nawaf named Lebanon PM, angering Hezbollah

BEIRUT: Lebanese President Joseph Aoun on Monday picked international jurist Nawaf Salam to form a government for ...

Published 14 Jan, 2025 03:12am

South Asia

Modi opens strategic tunnel to China border zones

OCCUPIED SRINAGAR: Indian Prime Minister Narendra Modi inaugurated a strategic Himalayan road tunnel on Monday,...

Published 14 Jan, 2025 03:12am

Researchers and full-time teachers: FAPUASA condemns FBR for withdrawing 25pc tax rebate

LAHORE: The Federation of All Pakistan Universities Academic Staff Association (FAPUASA) on Monday strongly ...

Published 14 Jan, 2025 03:12am

PSL Player Draft 2025: Kane Williamson registers among 44 overseas Platinum players

LAHORE: The Pakistan Super League Player Draft 2025 was held, here at Huzoori Bagh, Lahore Fort on Monday....

Published 14 Jan, 2025 03:12am

2024: KPT retrieves 23.4 acres of its encroached land

KARACHI: Karachi Port Trust (KPT) has achieved a formidable accomplishment in its relentless fight against illegal...

Published 14 Jan, 2025 03:12am

Industry

Cos shall not receive funding from blacklisted INGOs: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed the corporate sector that the...

Published 14 Jan, 2025 03:12am

Musadiq-led team to participate in FMF

ISLAMABAD: Minister of Petroleum and Water Resources Dr Musadiq Malik alongside key policymakers, state-owned...

Published 14 Jan, 2025 03:12am

Europe

Russia, Iran to sign ‘comprehensive strategic partnership’ treaty

MOSCOW: Russia and Iran will sign a “comprehensive strategic partnership” treaty on Friday during a visit to Russia...

Published 14 Jan, 2025 03:12am

Letters

‘For democracy, talking is more important than agreeing ‘

It is indeed heartening to note that the third round of talks between the government and Pakistan Tehreek-e-Insaf...

Published 14 Jan, 2025 03:12am

Demolition of over 200 bunkers in Kurram: work begins

ISLAMABAD: The district administration, on Monday, began work on demolishing the over 200 bunkers constructed in the...

Published 14 Jan, 2025 03:12am

Dedicated lanes for motorcyclists

LAHORE: The Lahore Development Authority (LDA) has decided to make dedicated lanes for cyclists and motorcyclists in...

Published 14 Jan, 2025 03:12am

PARTLY FACETIOUS: Between GPS and anyone else, the GPS prevails

“So who gave in?” “Gave into what?” “Well on the 2nd of this month, the Nawalas, led by Greedy for...

Published 14 Jan, 2025 03:12am

Stocks

Indian shares slump on worries over corporate earnings, fewer Fed cuts

MUMBAI: Indian shares tumbled on Monday, with the midcap index recording its biggest slide in seven months, after an...

Published 14 Jan, 2025 03:12am

Stocks

China stocks extend losses, HK drops six straight days as US rate cut hopes fade

HONG KONG: China and Hong Kong stocks fell on Monday, with Hong Kong shares logging a six-day losing streak, on...

Published 14 Jan, 2025 03:12am

Stocks

Most Gulf markets in red on US rate cut uncertainty

DUBAI: Most stock markets in the Gulf ended lower on Monday, as unexpectedly strong US jobs data reinforced...

Published 14 Jan, 2025 03:12am

Stocks

European shares extend slide as markets ponder Fed rate outlook

FRANKFURT: European shares slipped in a broader market sell-off on Monday, as global equities faced pressure after ...

Published 14 Jan, 2025 03:12am

Stocks

Stocks tumble as traders cast doubt on 2025 rate cut

NEW YORK: Global stocks fell on Monday, while the dollar hit 26-month peaks following a bumper US jobs report that...

Published 14 Jan, 2025 03:12am

Growth in exports

Pakistan’s merchandize exports have shown double-digit growth rate of 10.5 percent in the first half of 2024-25....

Published 14 Jan, 2025 03:12am

Six canals kerfuffle

Federal Minister Ahsan Iqbal has been roundly taken to task for his dismissive attitude to Sindh’s objections to the...

Published 14 Jan, 2025 03:12am

CM launches ‘Zahra Homes/Maskan Ravi’ scheme

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif, while addressing the inauguration ceremony of Zahra Homes/Maskan...

Published 14 Jan, 2025 03:12am

‘Sindh barrages improvement project’: WB terms implementation progress ‘satisfactory’

ISLAMABAD: The World Bank has rated the overall implementation progress of “Sindh Barrages Improvement Project”...

Published 14 Jan, 2025 03:12am

Habib University hosts lecture of Dr Teena Purohit

KARACHI: Habib University hosted the second lecture of ‘Imam Ali Lecture Series’ for the world’s first Faculty...

Published 14 Jan, 2025 03:12am

Three bills presented in Punjab Assembly

LAHORE: The Law Minister of Punjab, Sohaib Bharath on Monday introduced three new bills in the Punjab Assembly...

Published 14 Jan, 2025 03:12am

Turkey to cooperate with Pakistan to combat cancer

LAHORE: Punjab Health Minister Khawaja Salman Rafique met with a two-member delegation from Turkey and held...

Published 14 Jan, 2025 03:12am

CJ LHC concerned over non-enforcement of Anti-Rape Act 2021

LAHORE: A full bench of the Lahore High Court headed by Chief Justice Aalia Neelum on Monday expressed its concern...

Published 14 Jan, 2025 03:12am

COAS visits Peshawar, meets political representatives

ISLAMABAD: Chief of Army Staff (COAS) General Syed Asim Munir visited Peshawar Monday, where he received a detailed...

Published 14 Jan, 2025 03:12am

Army says 27 militants killed in Balochistan

ISLAMABAD: In a major counter-terrorism success, security forces conducted an intelligence-based operation in the...

Published 14 Jan, 2025 03:12am

First made-in-Pakistan satellite to be launched on 17th

ISLAMABAD: Pakistan has made a significant breakthrough in space technology with the development of its first...

Published 14 Jan, 2025 03:12am

Grid defection: a looming challenge for Pakistan’s utilities—II

Previously we discussed the ingredients of Grid Defection and how all these are available in Pakistan. Resultantly,...

Updated 14 Jan, 2025 11:49pm

Rental income from immovable properties situated outside Pakistan

The undesired event: The Federal Board of Revenue (FBR) through a letter dated October 31, 2022 has clarified that...

Published 14 Jan, 2025 03:12am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (January 13, 2025). ========================== KIBOR...

Published 14 Jan, 2025 03:12am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 13, 2025)....

Published 14 Jan, 2025 03:12am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (January 13, 2025). ==================================== BR...

Published 14 Jan, 2025 03:12am

Forex

Open market rates of foreign currencies

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

Published 14 Jan, 2025 03:12am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (January 13, 2025). ======================================= Offset...

Published 14 Jan, 2025 03:12am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (January 13, 2025)...

Published 14 Jan, 2025 03:12am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (January 13, 2025)....

Published 14 Jan, 2025 03:12am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (January 13, 2025). ======================== Open Bid ...

Published 14 Jan, 2025 03:12am

Rates

LME official prices

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

Published 14 Jan, 2025 03:12am

Cotton & Textile

Thin trading on cotton market

LAHORE: The local cotton market on Monday remained tight and the trading volume remained low. Cotton Analyst Naseem...

Published 14 Jan, 2025 03:12am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (January 13, 2025)...

Published 14 Jan, 2025 03:12am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 273,657 tonnes of cargo comprising 104,268 tonnes of import cargo and ...

Published 14 Jan, 2025 03:12am

Commodities

Copper rallies to one-month peak on signs of improving demand

LONDON: Copper prices hit one-month peaks on Monday on optimism about global growth and demand, particularly in top...

Published 14 Jan, 2025 03:12am

Commodities

Gold drops as robust US jobs data strengthens dollar

NEW YORK: Gold prices dipped on Monday as the US dollar soared to an over two-year high after a robust jobs report...

Published 14 Jan, 2025 03:12am

Energy

US natgas prices hold near 2-year high as lower flows to Freeport LNG offset cold weather forecasts

NEW YORK: US natural gas futures held near a two-year high on Monday as forecasts for colder weather and more ...

Published 14 Jan, 2025 03:12am

Rates

PSX ends on strong positive note

KARACHI: Pakistan Stock Exchange on Monday witnessed bullish trend and closed on strong positive note with healthy...

Published 14 Jan, 2025 03:12am

NPGCL board reinstates CEO

ISLAMABAD: Flouting the directions of Prime Minister Shehbaz Sharif, the Board of Northern Power Generation Company...

Updated 14 Jan, 2025 09:32am

PM directs prompt completion of low-cost housing projects

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday directed completion of ongoing federal government’s low-cost...

Updated 14 Jan, 2025 10:52am

‘Deviation from policy’ Fin Div seeks explanation from PAOs

ISLAMABAD: Finance Division has directed all principal accounting officials (PAOs) to explain the reasons of excess...

Updated 14 Jan, 2025 08:44am

Commodities

Russian wheat export prices flat; analysts expect shipments decline

MOSCOW: Russian wheat export prices have remained almost unchanged since the beginning of the year, with trading...

Published 14 Jan, 2025 03:12am

Shaping economies: Aurangzeb highlights transformative power of innovation

HONG KONG: Senator Muhammad Aurangzeb, the Finance Minister of Pakistan, participated in the plenary session...

Updated 14 Jan, 2025 09:33am

Separate benches formed for early disposal of tax cases: CJP

ISLAMABAD: Chief Justice of Pakistan Yahya Afridi stated that separate benches have been constituted for hearing and...

Updated 14 Jan, 2025 08:47am

Commodities

Gold prices down sharply

KARACHI: Gold prices met with a sizeable fall on Monday, reflecting the global downward trend, traders said. Down...

Published 14 Jan, 2025 03:12am

Energy

FESCO to launch ‘CCMS Plus’ to facilitate consumers

FAISALABAD: In line with the vision of the FESCO Board of Directors (BODs), the provision of convenience to ...

Published 14 Jan, 2025 03:12am

Money & Banking

FINCA Microfinance Bank: CCP approves acquisition of 94.8pc stake

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of a 94.8 percent shareholding...

Published 14 Jan, 2025 03:12am

Money & Banking

Rising dollar pressures peers as further Fed rate cuts questioned

NEW YORK: The US dollar rose on Monday, driving its peers to multi-year lows, after Friday’s blowout US jobs ...

Published 14 Jan, 2025 03:12am

Money & Banking

Asian currencies: Rupiah, ringgit fall on strong US jobs report

THAILAND: The Indonesian rupiah and Malaysian ringgit weakened towards three-week lows on Monday while equities in...

Published 14 Jan, 2025 03:12am

Rise in home remittances

EDITORIAL: Remittances have soared by 33 percent to 17.845 billion dollars within the first half of the current...

Published 14 Jan, 2025 03:12am

Trouble in Khuzdar

EDITORIAL: The restive Khuzdar district of Balochistan continues to be wracked by tribal conflicts and militant...

Published 14 Jan, 2025 03:12am

A new protest control plan

EDITORIAL: The Punjab government is all set to raise a riot management force (RMP). Headed by a police officer not...

Published 14 Jan, 2025 03:12am

Taxes

FBR decides to activate ICTE

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to activate the International Centre of Tax Excellence...

Published 14 Jan, 2025 03:12am

PTC seeks Aurangzeb’s help to save sinking textile industry

ISLAMABAD: The Pakistan Textile Council (PTC) has called for immediate policy intervention from Federal Minister for...

Published 14 Jan, 2025 03:12am

Industry

SMEDA agrees with PITB to enhance SME Registration Portal

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) has agreed with the Punjab Information...

Published 14 Jan, 2025 03:12am

Money & Banking

FINCA Microfinance Bank: CCP approves acquisition of 94.8pc stake

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of a 94.8 percent shareholding...

Published 14 Jan, 2025 03:12am

Industry

FPCCI, FBCCI sign MoU to form ‘Pakistan-BD Joint Business Council’

KARACHI: Atif Ikram Sheikh, President FPCCI, has apprised that the Pakistani trade delegation, led by FPCCI,...

Published 14 Jan, 2025 03:12am

Industry

Pakistani industrialists: Bangladeshi trade facilities can serve as springboard: PVMA

KARACHI: The Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), Sheikh Umer Rehan has noted that...

Published 14 Jan, 2025 03:12am

SC questions transfer of civilian cases to military courts

ISLAMABAD: The Supreme Court sought clarification on the transfer of civilian cases to military courts under the...

Updated 14 Jan, 2025 08:44am

Faceless customs assessment system: PM orders countrywide enforcement

ISLAMABAD: In order to streamline trade procedures and simplify workload, Prime Minister Shehbaz Sharif said on...

Updated 14 Jan, 2025 09:30am

PIA privatisation: EOI to be published by month-end

ISLAMABAD: Privatisation Commission is planning to publish expression of interest (EOI) for privatisation of...

Updated 14 Jan, 2025 02:57pm

H1 remittances surpass export earnings

Remittances for the first half of the current fiscal year amount to $17.645 billion, whereas exports amount to $16.561 billion

Updated 14 Jan, 2025 02:52pm

SBP affirms commitment to increasing financial inclusion

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad reaffirmed the central bank’s dedication to increasing...

Updated 14 Jan, 2025 02:57pm

Industry

Economic collaboration set to expand, says Azerbaijan envoy

LAHORE: Azerbaijan-Pakistan economic collaboration set to expand as significant initiatives are well on the way to...

Published 14 Jan, 2025 03:12am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 17	280.20
USD PKR Interbank Buying / Mar 17	280
USD to Japanese Yen / Mar 17	148.87
USD to Swiss Franc / Mar 17	0.88
Pound Sterling to USD / Mar 17	1.29
Euro to USD / Mar 17	1.09
UK LIBOR % / Mar 14	4.96

Stock	Volume
S&P 500 / Mar 14	5,638.94
Nasdaq / Mar 14	17,754.09
Dow Jones / Mar 14	41,488.19
India Sensex / Mar 17	74,169.95
Tokyo Nikkei / Mar 17	37,396.52
Hang Seng / Mar 17	24,145.57
FTSE 100 / Mar 17	8,646.06
Germany DAX 30 / Mar 17	23,033.59
France CAC40 / Mar 17	8,051.37

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 14	17,285
Gold 10 Grams PKR / Mar 14	269,204
Crude Oil USD/Barrel / Mar 17	67.74
Gold Spot USD/Ounce / Mar 17	2,990.19
Cotton US¢/pound / Mar 17	67.49
Petrol/Litre / Mar 18	255.63
Diesel/Litre / Mar 18	258.64

Gainers
Losers
Leaders

Stock	Price
Universal Ins. / Mar 17 The Universal Insurance Company Limited(UVIC)	10.02 ▲ 1 (11.09%)
Bunnys Limited / Mar 17 Bunnys Limited(BNL)	15.90 ▲ 1.45 (10.03%)
Kohinoor Ind. / Mar 17 Kohinoor Industries Limited(KOIL)	13.17 ▲ 1.2 (10.03%)
PIA Holding Co.B / Mar 17 PIA Holding Company Limited B(PIAHCLB)	942.61 ▲ 85.69 (10%)
Frontier Ceram / Mar 17 Frontier Ceramics Limited(FRCL)	22.98 ▲ 2.09 (10%)
At-Tahur Ltd. / Mar 17 At-Tahur Limited(PREMA)	51.79 ▲ 4.71 (10%)
Fazal Cloth / Mar 17 Fazal Cloth Mills Limited(FZCM)	163.71 ▲ 14.88 (10%)
Agritech Limited / Mar 17 Agritech Limited(AGL)	62.05 ▲ 5.64 (10%)
Chakwal Spinning / Mar 17 Chakwal Spinning Mills Limited(CWSM)	51.96 ▲ 4.72 (9.99%)
Int. Knit. / Mar 17 International Knitwear Limited(INKL)	17.96 ▲ 1.63 (9.98%)

Stock	Price
B.O.Punjab / Mar 17 The Bank of Punjab(BOP)	11.65 ▼ -1.44 (-11%)
AN Textile Mill / Mar 17 AN Textile Mills Limited(ANTM)	10.08 ▼ -1.11 (-9.92%)
D.M. Textile / Mar 17 D.M. Textile Mills Limited(DMTX)	57 ▼ -6 (-9.52%)
Shahtaj Sugar / Mar 17 Shahtaj Sugar Mills Limited(SHJS)	100.11 ▼ -9.79 (-8.91%)
Fateh Sports / Mar 17 Fateh Sports Wear Limited(FSWL)	71 ▼ -6.93 (-8.89%)
Barkat Frisian Agro / Mar 17 Barkat Frisian Agro Limited(BFAGRO)	27.16 ▼ -2.32 (-7.87%)
F.Credit & Inv / Mar 17 First Credit and Investment Bank Limited(FCIBL)	7.70 ▼ -0.6 (-7.23%)
EFU General / Mar 17 EFU General Insurance Limited(EFUG)	121.60 ▼ -9.46 (-7.22%)
EFU Life Assr / Mar 17 EFU Life Assurance Limited(EFUL)	151 ▼ -10.46 (-6.48%)
First Punjab Modaraba / Mar 17 First Punjab Modaraba(FPJM)	3.74 ▼ -0.25 (-6.27%)

Stock	Volume
Pak Elektron / Mar 17 Pak Elektron Limited(PAEL)	48,037,327 ▲ 2.86
B.O.Punjab / Mar 17 The Bank of Punjab(BOP)	46,428,647 ▼ -1.44
Pak Int.Bulk / Mar 17 Pakistan International Bulk Terminal(PIBTL)	42,700,806 ▲ 0.2
Fauji Foods Ltd / Mar 17 Fauji Foods Limited(FFL)	25,615,139 ▲ 0.14
WorldCall Telecom / Mar 17 Worldcall Telecom Limited(WTL)	19,236,322 ▼ -0.01
Fauji Cement / Mar 17 Fauji Cement Company Limited(FCCL)	18,756,398 ▲ 0.92
Maple Leaf Cement / Mar 17 Maple Leaf Cement Factory Limited(MLCF)	18,454,533 ▲ 0.39
Silk Bank Ltd / Mar 17 Silkbank Limited(SILK)	16,324,496 ▲ 0.02
PIA Holding Co.Ltd / Mar 17 PIA Holding Company Limited(PIAHCLA)	14,192,483 ▲ 1.45
Pak Refinery / Mar 17 Pakistan Refinery Limited(PRL)	12,993,166 ▲ 1.23

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