News Archives for Print - 2025-02-19

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Print - 2025-02-19

Companies

Zia Ijaz joins Askari Bank as President & CEO

ISLAMABAD: Seasoned banker, Zia Ijaz has joined Askari Bank Limited as the President & Chief Exe-cutive Officer...

Published 19 Feb, 2025 06:46am

Companies

AHCL announces strong financial results

KARACHI: Arif Habib Corporation Limited (AHCL) continued its strong financial performance during the six-month ...

Published 19 Feb, 2025 06:42am

Companies

Barkat Frisian IPO oversubscribed

KARACHI: The book-building process of Barkat Frisian Agro Limited’ Initial Public Offer (IPO) has concluded with ...

Published 19 Feb, 2025 06:21am

Provisional KE FCA for Nov ’24: Nepra receives motion for leave to review decision

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has received a motion for leave to review the...

Updated 19 Feb, 2025 09:22am

Army says 30 militants killed near Afghan border

ISLAMABAD: Pakistan’s army said on Tuesday it killed 30 militants in South Waziristan near the border with...

Published 19 Feb, 2025 06:21am

Strategic location big opportunity: President

ISLAMABAD: President Asif Ali Zardari Tuesday said the China-Pakistan Economic Corridor (CPEC) and Gwadar Port would...

Updated 19 Feb, 2025 09:24am

Rating upgrade: MIGA mulls $500m trade finance guarantee package

ISLAMABAD: The Multilateral Investment Guarantee Agency (MIGA) has reportedly indicated a potential $500 million...

Updated 19 Feb, 2025 08:43am

PSMA supports govt’s Ramazan relief efforts

LAHORE: The Pakistan Sugar Mills Association (Punjab Zone) has said that the sugar industry appreciates and supports...

Updated 19 Feb, 2025 09:16am

PPRA to clear SOEs’ industry- specific policies

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) is to approve SOEs (State Owned Entities) procurement...

Updated 19 Feb, 2025 09:18am

NA iterates nation’s support to Kashmiris

ISLAMABAD: The National Assembly on Tuesday unanimously passed a resolution reiterating Pakistan would continue its...

Updated 19 Feb, 2025 09:20am

Pakistan’s diplomatic isolation has ended, says Dar

NEW YORK: Pakistan has broken its diplomatic isolation through active diplomacy, with the country’s economy now ...

Published 19 Feb, 2025 06:21am

Jan CA posts deficit

KARACHI: After a three-month positive streak, Pakistan’s current account shifted from surplus to deficit in January...

Published 19 Feb, 2025 06:21am

Rates

PSX stays positive with healthy gains

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

Updated 19 Feb, 2025 01:52pm

Country sees huge potential in GCC market: Aurangzeb

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb has said Pakistan sees huge potential in the...

Updated 19 Feb, 2025 09:19am

Foreign Direct Investment on upward trajectory

KARACHI: Foreign Direct Investment (FDI) in Pakistan maintained its upward trajectory, posting an impressive 56 per...

Updated 19 Feb, 2025 01:48pm

Russia says talks with US ‘not bad’

MOSCOW: Russia said on Tuesday its talks with the United States in Saudi Arabia were “not bad” but that it was...

Published 19 Feb, 2025 06:21am

Financing sources: Jul-Jan borrowing down $1.73bn to $4.585bn YoY

ISLAMABAD: The country borrowed $4.585 billion from multiple financing sources during the first seven months...

Updated 19 Feb, 2025 01:44pm

Economic prosperity hinges on end to terrorism: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday linked end to terrorism in the country to economic stability,...

Updated 19 Feb, 2025 02:49pm

Sustained export growth: Govt terms private sector ‘key partner’

Finance minister reaffirms government’s commitment to supporting the towel industry

Updated 19 Feb, 2025 02:48pm

Public gathering in Narowal: CM says her party helped country avert default

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif has said that Muhammad Nawaz Sharif has brought Pakistan out of...

Published 19 Feb, 2025 06:21am

Industry

TDAP to host FoodAg Exhibition in Lahore

KARACHI: The Trade Development Authority of Pakistan (TDAP) announced the launch of the first FoodAg Manufacturing...

Published 19 Feb, 2025 06:21am

CM lays foundation stone of Saudi German Hospital

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif laid foundation stone of state-of-the-art Saudi German Hospital in...

Published 19 Feb, 2025 06:21am

Punjab witnesses 1.5pc decline in govt debt in 3 months

LAHORE: Punjab’s total government debt saw a decline of Rs 24.8 billion in the second quarter of the current ...

Published 19 Feb, 2025 06:21am

A culture where you belong

Out of place. Outcast. Out of sync. These are memories that hold. These are moments that hurt. These are times that...

Published 19 Feb, 2025 06:21am

Let the market decide

With an IMF (International Monetary Fund) determined to punish past misdemeanours and a government unwilling to...

Published 19 Feb, 2025 06:21am

Lender prescriptions and implementation

EDITORIAL: The chief of International Finance Corporation, the investment arm of the World Bank, Makhtar Diop, ahead...

Published 19 Feb, 2025 06:21am

US-India alignment

EDITORIAL: While Donald Trump’s foreign policy has deviated sharply from that of his predecessors in many ...

Published 19 Feb, 2025 06:21am

Energy

Auction for 71 oil & gas blocks unveiled

ISLAMABAD: Federal Minister for Petroleum, Musadik Malik Tuesday announced the auction for 71 oil and gas ...

Published 19 Feb, 2025 06:21am

Money & Banking

Dollar gains amid tense Russia-Ukraine talks

NEW YORK: The US dollar advanced against major currencies on Tuesday, with losses led by the euro, garnering...

Published 19 Feb, 2025 06:21am

Money & Banking

Indian rupee ends lower

MUMBAI: The Indian rupee settled weaker on Tuesday, pressured by dollar demand spurred by the maturity of positions...

Published 19 Feb, 2025 06:21am

Stocks

Wall St muted as recent economic data brings Fed’s next move into focus

NEW YORK: Wall Street was subdued on Tuesday as investors watched for signs of escalation in US trade restrictions...

Published 19 Feb, 2025 06:21am

Stocks

Asian FX fall on tariff war fears

BENGALURU: Asian currencies eased on Tuesday, with the Indonesian rupiah and the Philippine peso losing the most, as...

Published 19 Feb, 2025 06:21am

Nawaz says policy rate cut adds to business confidence in economy

LAHORE: President PML-N Nawaz Sharif said on Tuesday that cut in the policy rate has increased the confidence of the...

Published 19 Feb, 2025 06:21am

Depts directed to complete PC-1 plans by June: minister

LAHORE: Punjab Senior Minister Marriyum Aurangzeb has said that the government has taken crucial decisions to...

Published 19 Feb, 2025 06:21am

Companies

SHC restrains Zia Chishti, wife from transferring shares of TRG Pakistan: notice

KARACHI: The Sindh High Court (SHC) has restrained Zia Chishti – former chief executive officer of TRG Pakistan ...

Published 19 Feb, 2025 06:21am

Energy

Dec FCA: KE seeks negative adjustment

ISLAMABAD: K-Electric (KE) has sought negative adjustment of Rs 4.95 per unit to refund Rs 4.940 billion to its...

Published 19 Feb, 2025 06:21am

PTI’s Ali Shah sent on judicial remand

ISLAMABAD: An Anti-Terrorism Court (ATC) on Tuesday sent Pakistan Tehreek-e-Insaf (PTI) Member of the Provincial...

Published 19 Feb, 2025 06:21am

Human smuggling: 51 FIA personnel removed in last 3 years, says ministry

ISLAMABAD: The Interior Ministry revealed that 51 employees of Federal Investigation Agency (FIA) were dismissed ...

Published 19 Feb, 2025 06:21am

CDC, IAP sign MoU on ‘Life Insurance Policy Finder’

KARACHI: Being at the forefront of end-user facilitation and creating ease of doing business, the Central Depository...

Published 19 Feb, 2025 06:21am

Sindh CM hosts reception for World Bank delegation

ISLAMABAD: Chief Minister Sindh Syed Murad Ali Shah welcomed the World Bank (WB) delegation headed by Abdulhak...

Published 19 Feb, 2025 06:21am

Companies

inDrive announces significant growth, expansion plans

KARACHI: inDrive, a global mobility and urban services platform, has announced significant growth in Pakistan...

Published 19 Feb, 2025 06:21am

Commodities

Customs values of dry coconut revised

ISLAMABAD: The Directorate General of Customs Valuation Karachi has revised customs values (US$1per kg to US$1.6 per...

Published 19 Feb, 2025 06:21am

Industry

Minister for setting up new jetty for edible oil after consultations

KARACHI: Federal Minister for Maritime Affairs, Qaiser Sheikh, has stated that the proposal for establishing a...

Published 19 Feb, 2025 06:21am

Industry

Thai envoy urges KCCI to advocate for FTA conclusion

KARACHI: The Ambassador of Thailand to Pakistan, Rongvudhi Virabutr, while underscoring the need to conclude the ...

Published 19 Feb, 2025 06:21am

Commodities

Indian industry body calls for broken rice exports as stocks surge

MUMBAI: India needs to allow the export of 100% broken rice after inventories of the grain reached a record high at...

Published 19 Feb, 2025 06:21am

Energy

US natgas prices slide 2pc on less cold forecasts

NEW YORK: US natural gas futures slid about 2% on Tuesday on forecasts for less cold weather and lower heating ...

Published 19 Feb, 2025 06:21am

Commodities

Copper dips on firmer dollar, Ukraine uncertainty and tariffs

LONDON: Copper prices dipped on Tuesday, pressured by a stronger dollar, potential US tariffs and uncertainty...

Published 19 Feb, 2025 06:21am

Energy

Oil trades steady as Ukraine peace talks counter supply disruptions

NEW YORK: Oil prices held firm on Tuesday as the US and Russia pressed ahead with talks to end the war in Ukraine,...

Published 19 Feb, 2025 06:21am

Commodities

Japan rubber futures rise on supply woes

SINGAPORE: Japanese rubber futures edged higher on Tuesday due to supply concerns and Beijing’s efforts to boost...

Published 19 Feb, 2025 06:21am

Commodities

Iron ore rebounds as China demand optimism dominates

BEIJING: Iron ore futures rebounded on Tuesday, as improved downstream steel demand and expectations of more ...

Published 19 Feb, 2025 06:21am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 19.499 billion...

Published 19 Feb, 2025 06:21am

Commodities

Palm ends lower on weaker rival oils

KUALA LUMPUR: Malaysian palm oil futures fell on Tuesday, tracking weaker rival edible oils, with traders awaiting...

Published 19 Feb, 2025 06:21am

Rates

Activities of Karachi Port Trust, Port Qasim

The Karachi Port Trust handled 159,138 tons of cargo comprising 111,148 Tons of import cargo and 47,990 Tons of...

Published 19 Feb, 2025 06:21am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (February 18, 2025)...

Published 19 Feb, 2025 06:21am

Cotton & Textile

Cotton market remained bearish

LAHORE: The local cotton market experienced a significant downturn on Tuesday, driven by the influx of imported...

Published 19 Feb, 2025 06:21am

Price stability: a high priority task

A stable Pak Rupee, decreased petrol prices since September 2023, and a substantial fall in inflation are some of ...

Published 19 Feb, 2025 06:21am

Commodities

Gold rises as Trump tariff uncertainty fuels safe-haven demand

NEW YORK: Gold prices rose on Tuesday as concerns over economic growth due to uncertainty surrounding US President...

Published 19 Feb, 2025 06:21am

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 19 Feb, 2025 06:21am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (February 18, 2025). ========================== KIBOR...

Published 19 Feb, 2025 06:21am

Forex

Open market rates of foreign currencies

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

Published 19 Feb, 2025 06:21am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (February 18, 2025) . ==================================== ...

Published 19 Feb, 2025 06:21am

Forex

Dollar's rate in Interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (February 18, 2025) . ======================== Open ...

Published 19 Feb, 2025 06:21am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (February 18, 2025) ....

Published 19 Feb, 2025 06:21am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 18, 2025)...

Published 19 Feb, 2025 06:21am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (February 18, 2025) ======================================= Offset...

Published 19 Feb, 2025 06:21am

Rates

LME official prices

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

Published 19 Feb, 2025 06:21am

Energy

Viable gas projects: Govt urged to amend GIDC Act to allow Rs350bn reallocation

ISLAMABAD: A parliamentary panel has urged the government to amend the Gas Infrastructure Development Cess (GIDC) ...

Published 19 Feb, 2025 06:21am

Stocks

Europe stocks end at record high with defence spending in focus

FRANKFURT: European shares closed at a record high on Tuesday, with banking and defence stocks among top gainers as...

Published 19 Feb, 2025 06:21am

Stocks

China tech rally presses ahead as Xi’s meeting spurs bets of policy shift

HONG KONG: Chinese tech stocks continued to rally on Tuesday on optimism that President Xi Jinping’s rare meeting...

Published 19 Feb, 2025 06:21am

Stocks

Japan’s Nikkei gains on softer yen

TOKYO: Japan’s Nikkei share average finished higher on Tuesday, as investors cherry-picked banks on rate-hike bets...

Published 19 Feb, 2025 06:21am

Lawyer says believes Article 10A enough to strike down Section 2 (1) (d) of Army Act

ISLAMABAD: Lawyer Salman Akram Raja stated that Article 10A of the constitution, which talks about due process and...

Published 19 Feb, 2025 06:21am

US chargé d’ affaires vows support to Pakistan

ISLAMABAD: The recently appointed US chargé d’affaires Natalie A Baker on Tuesday said the new Trump...

Published 19 Feb, 2025 06:21am

PARTLY FACETIOUS: The gathering of the do-nothings in Paris

“I love the new world order.” “Yeah it’s better to have more than one superpower – if you have just the one then the...

Published 19 Feb, 2025 06:21am

Centre owes Rs2,675bn to KP, claims CM Gandapur

PESHAWAR: Khyber Pakhtunkhwa Chief Minister Ali Amin Khan Gandapur has said “despite the passage of six years of...

Published 19 Feb, 2025 06:21am

Membership of three ‘unruly’ PTI Senators suspended

ISLAMABAD: Senate deputy chairman Syedaal Khan Nasar, on Tuesday suspended the membership of three senators ...

Published 19 Feb, 2025 06:21am

Chinese envoy calls on planning minister

ISLAMABAD: The Ambassador of China to Pakistan, Jiang Zaidong, reaffirmed China’s unwavering support for...

Published 19 Feb, 2025 06:21am

PM inaugurates ‘Recep Tayyip Erdogan Interchange’

ISLAMABAD: Prime Minister Shehbaz Sharif officially opened the new Recep Tayyip Erdogan Interchange on Tuesday,...

Published 19 Feb, 2025 06:21am

The Weather

KARACHI: The weather report on Tuesday (February 18, 2025) and the forecast for Wednesday (February 19, 2025)...

Published 19 Feb, 2025 06:21am

Customs seizes wooden vessel carrying HSD near Churna Island

KARACHI: The Marine unit of Anti-Smuggling Organization (ASO), Customs Enforcement has successfully intercepted a...

Published 19 Feb, 2025 06:21am

Tarar to attend Saudi Media Forum in KSA today

ISLAMABAD: Federal Minister for Information Attaullah Tarar has arrived in Riyadh to participate in the fourth...

Published 19 Feb, 2025 06:21am

Commodities

Gold prices rise

KARACHI: Gold prices further grew on Tuesday, reflecting a rising trend in global rates, again surpassing $2,900 per...

Published 19 Feb, 2025 06:21am

Zelensky slams US-Russia talks, urges ‘fair’ negotiations

ANKARA: Ukrainian President Volodymyr Zelensky on Tuesday criticised US-Russia talks for excluding Kyiv, saying...

Published 19 Feb, 2025 06:21am

Africa

At least 200 killed in three-day Sudan paramilitary assault

PORT SUDAN (Sudan): Sudanese paramilitaries killed more than 200 people in a three-day assault south of Khartoum, a...

Published 19 Feb, 2025 06:21am

Letters

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 21	280.92
USD PKR Interbank Buying / Apr 21	280.72
USD to Japanese Yen / Apr 21	140.83
USD to Swiss Franc / Apr 21	0.81
Pound Sterling to USD / Apr 21	1.34
Euro to USD / Apr 21	1.15
UK LIBOR % / Apr 18	4.96

Stock	Volume
S&P 500 / Apr 17	5,282.70
Nasdaq / Apr 17	16,286.45
FTSE 100 / Apr 17	8,275.66
Dow Jones / Apr 17	39,142.23
Germany DAX 30 / Apr 17	21,205.86
France CAC40 / Apr 17	7,285.86
India Sensex / Apr 21	21,395.14
Tokyo Nikkei / Apr 21	34,356.93
Hang Seng / Apr 21	79,442.98

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	16,985
Gold 10 Grams PKR / Apr 18	299,811
Petrol/Litre / Apr 21	254.63
Crude Oil USD/Barrel / Apr 21	63.76
Gold Spot USD/Ounce / Apr 21	3,389.31
Diesel/Litre / Apr 21	258.64
Cotton US¢/pound / Apr 21	67.13

Gainers
Losers
Leaders

Stock	Price
Quice Food / Apr 21 Quice Food Industries Limited(QUICE)	7.53 ▲ 1 (15.31%)
Beco Steel Ltd / Apr 21 Beco Steel Limited(BECO)	10.16 ▲ 0.94 (10.2%)
Saritow Spinning / Apr 21 Saritow Spinning Mills Limited(SSML)	16.79 ▲ 1.53 (10.03%)
Power Cem(Pref) / Apr 21 Power Cement (Pref)(POWERPS)	16.48 ▲ 1.5 (10.01%)
Crescent Steel / Apr 21 Crescent Steel & Allied Products Limited(CSAP)	128.69 ▲ 11.7 (10%)
Diamond Ind. / Apr 21 Diamond Industries Limited(DIIL)	27.73 ▲ 2.52 (10%)
EMCO Industries / Apr 21 Emco Industries Limited(EMCO)	36.29 ▲ 3.3 (10%)
K.S.B.Pumps / Apr 21 KSB Pumps Company Limited(KSBP)	184.40 ▲ 16.76 (10%)
Nagina Cot. / Apr 21 Nagina Cotton Mills Limited(NAGC)	54.98 ▲ 5 (10%)
National Silk / Apr 21 The National Silk & Rayon Mills Limited(NSRM)	35.20 ▲ 3.2 (10%)

Stock	Price
Pak Reinsurance / Apr 21 Pakistan Reinsurance Company Limited(PAKRI)	13.45 ▼ -2.45 (-15.41%)
Arpak Int. / Apr 21 Arpak International Investments Ltd.(ARPAK)	61.41 ▼ -6.54 (-9.62%)
Samba Bank / Apr 21 Samba Bank Limited(SBL)	9.07 ▼ -0.9 (-9.03%)
NBP PGETF / Apr 21 NBP Pakistan Growth Exchange Traded Fund(NBPGETF)	21.51 ▼ -1.76 (-7.56%)
Dewan Automotive Eng. / Apr 21 Dewan Automotive Engineering Limited(DWAE)	32.93 ▼ -2.64 (-7.42%)
Bela Auto / Apr 21 Bela Automotives Limited(BELA)	151.60 ▼ -12.05 (-7.36%)
UDL International / Apr 21 UDL International Limited(UDLI)	7.80 ▼ -0.62 (-7.36%)
Leiner Pak Gelat / Apr 21 Leiner Pak Gelatine Limited(LPGL)	112.52 ▼ -8.89 (-7.32%)
Kohinoor Mills / Apr 21 Kohinoor Mills Limited(KML)	30.93 ▼ -2.44 (-7.31%)
Next Capital / Apr 21 Next Capital Limited(NEXT)	7.36 ▼ -0.58 (-7.3%)

Stock	Volume
Cnergyico PK / Apr 21 Cnergyico PK Limited(CNERGY)	103,028,410 ▲ 0.01
Power Cement / Apr 21 Power Cement Limited(POWER)	62,587,267 ▲ 1.23
B.O.Punjab / Apr 21 The Bank of Punjab(BOP)	42,587,808 ▲ 0.25
Sui South Gas / Apr 21 Sui Southern Gas Company Limited(SSGC)	29,216,804 ▲ 0.9
Sui North Gas / Apr 21 Sui Northern Gas Pipelines Limited(SNGP)	28,845,690 ▲ 10.7
Fauji Foods Ltd / Apr 21 Fauji Foods Limited(FFL)	27,776,861 ▲ 0.64
Maple Leaf Cement / Apr 21 Maple Leaf Cement Factory Limited(MLCF)	25,090,099 ▲ 3.93
Pak Int.Bulk / Apr 21 Pakistan International Bulk Terminal(PIBTL)	23,630,998 ▼ -0.03
Pak Elektron / Apr 21 Pak Elektron Limited(PAEL)	21,655,133 ▲ 1.29
Fauji Cement / Apr 21 Fauji Cement Company Limited(FCCL)	16,149,277 ▲ 0.34

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