News Archives for Print - 2025-04-29

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Print - 2025-04-29

BRICS nations discuss shared response to Trump trade policies

RIO DE JANEIRO: Foreign ministers from the BRICS group of developing nations met on Monday to discuss a shared...

Published 29 Apr, 2025 03:07am

Agri income tax: really, are we serious?—I

One of the main conditions of the IMF programme was introduction of proper income tax laws for agriculture income....

Published 29 Apr, 2025 03:07am

The Weather

KARACHI: The weather report on Monday (April 28, 2025) and the forecast for Tuesday (April 29, 2025)...

Published 29 Apr, 2025 03:07am

Pakistan Refinery Limited struggles under heavy losses

Pakistan Refinery Limited (PSX: PRL) entered FY25 on unstable footing. The company struggled with shrinking gross...

Updated 29 Apr, 2025 07:05am

The silent dollar squeeze

The current account is in surplus, with no delays in import L/Cs and profit/dividend repatriation payments. Yet, the...

Published 29 Apr, 2025 03:07am

Dar telephones Qatari PM

ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Ishaq Dar held a telephone conversation Monday with ...

Published 29 Apr, 2025 03:07am

India’s march to folly

Somewhere somehow something went terribly wrong with India. As it snarls and growls at Pakistan, and as its clownish...

Published 29 Apr, 2025 03:07am

Industry

Pakistan-Kazakhstan Business Forum & B2B meetings held

KARACHI: The Pakistan-Kazakhstan Business Forum, along with a series of B2B meetings, was successfully held on ...

Published 29 Apr, 2025 03:07am

‘Sahiwal breed’ animals reach Cattle Market

KARACHI: The arrival of sacrificial animals continues as the Cattle Friendly Market enters its 10th day, with a...

Published 29 Apr, 2025 03:07am

Highnoon Laboratories Limited

Highnoon Laboratories Limited (PSX: HINOON) was incorporated in Pakistan as a private limited company in 1984 and ...

Published 29 Apr, 2025 03:07am

National unity cannot be achieved in wake of PTI’s victimisation: Shibli

ISLAMABAD: Leader of the Opposition in Senate Shibli Faraz has said that national unity cannot be achieved in the...

Published 29 Apr, 2025 03:07am

2,000 Pakistani prisoners released from UAE jails

ISLAMABAD: Diplomatic efforts by the Pakistan Muslim League-Nawaz (PML-N) government have borne fruit, as the United...

Published 29 Apr, 2025 03:07am

Seven peace body members killed in Wana blast

PESHAWAR: Seven people were killed and nine other injured in a powerful explosion near the peace committee office in...

Published 29 Apr, 2025 03:07am

Hayat, a prolific writer, passes away

ISLAMABAD: Chaudhry Sikander Hayat, a res-pected name in Pakistani journalism and a longtime resident of Islamabad,...

Published 29 Apr, 2025 03:07am

Iran minister blames ‘negligence’ for port blast that killed 65

TEHRAN: Iran’s interior minister on Monday blamed “negligence” for a massive explosion that killed 65 people ...

Published 29 Apr, 2025 03:07am

South Asia

India signs $7.4bn deal to buy 26 Rafale fighter jets

NEW DELHI: India signed a deal with France on Monday to buy 26 Rafale fighter aircraft worth 630 billion rupees...

Published 29 Apr, 2025 03:07am

Houthi media says 68 killed in US strikes on migrant centre

SANAA: Houthi rebel-controlled media in Yemen said Monday that US strikes hit a migrant detention centre in the...

Published 29 Apr, 2025 03:07am

Europe

Massive blackout hits Spain and Portugal

MADRID/LISBON: A huge power outage hit large parts of Spain and Portugal on Monday, paralysing traffic, grounding...

Published 29 Apr, 2025 03:07am

Enforcement of competition law in Pakistan: CCP brings judges, experts together for discussion

ISLAMABAD: The Competition Commission of Pakistan (CCP) hosted a high-level session titled “Leadership,...

Updated 29 Apr, 2025 07:07am

Soap makers demand govt relocate protestors, remove obstructions

KARACHI: The Chairman of the Pakistan Soap Manufacturers Association (PSMA), Asif Iqbal Paracha, has called on both...

Published 29 Apr, 2025 03:07am

Hajj-2025 flight operation starts today

LAHORE: All is set for the Hajj flight operation to airlift intending pilgrims to Saudi Arabia commencing from...

Published 29 Apr, 2025 03:07am

PARTLY FACETIOUS: ‘We can no longer suffer accountants gladly’

“Just wondering about war strategies.” “Yes, daily exchange of fire across our borders with India after the...

Published 29 Apr, 2025 03:07am

Digital Foreign Direct Investment Forum from 29th in Islamabad

ISLAMABAD: Pakistan will host its inaugural Digital Foreign Direct Investment (DFDI) Forum from April 29-30 in...

Updated 29 Apr, 2025 07:09am

Punjab forms Minority Advisory Council

LAHORE: In a major step toward ensuring the representation, protection, and empowerment of minority communities, the...

Published 29 Apr, 2025 03:07am

Protesting health employees clash with police

LAHORE: The police and the employees of the public hospitals had a clash here on Monday, when the latter tried to...

Published 29 Apr, 2025 03:07am

‘Maryam’s govt sets new benchmark for journalists’ welfare’

LAHORE: Punjab Information Minister Azma Bokhari has said that she considers the protection of media workers’...

Published 29 Apr, 2025 03:07am

CM for providing safe, healthy environment to every worker

LAHORE: “Providing a safe and healthy environment to every worker is a fundamental right,” said Chief Minister...

Published 29 Apr, 2025 03:07am

Industrialists concerned over highways’ closures in Sindh

KARACHI: Industrialists have expressed concern over the closure of major highways in Sindh, which is causing the...

Published 29 Apr, 2025 03:07am

Official delegation may visit Washington

ISLAMABAD: Pakistan likely to dispatch an official delegation to Washington during the current week for talks with...

Published 29 Apr, 2025 03:07am

‘Trial of civilians’: AGP tells SC he would make submissions on 3 issues

ISLAMABAD: The Attorney General for Pakistan (AGP) told the Supreme Court that he would make submission on three...

Published 29 Apr, 2025 03:07am

Chaudhary Sikander Hayat a towering figure in journalism

ISLAMABAD: Chaudhary Sikander Hayat, a towering figure in Pakistani journalism and a former deputy editor at daily...

Published 29 Apr, 2025 03:07am

Letters

Growing belligerence of Godi Media

The current leadership in India seems to have lost its marbles. Its knee-jerk reaction to the Pahalgam tragedy stems...

Published 29 Apr, 2025 03:07am

Rates

LME official prices

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

Published 29 Apr, 2025 03:07am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (April 28, 2025). ========================== KIBOR...

Published 29 Apr, 2025 03:07am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (April 28, 2025)...

Published 29 Apr, 2025 03:07am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 28, 2025)....

Published 29 Apr, 2025 03:07am

Punjab govt launches drive to ensure e-IMS installation

LAHORE: The Punjab government has launched an active enforcement drive to ensure the payment of sales tax and the...

Published 29 Apr, 2025 03:07am

CM Punjab directs prioritisation of road projects

LAHORE: “Prioritise road projects keeping in mind needs and usage of the people,” Chief Minister Punjab Maryam...

Updated 29 Apr, 2025 07:12am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 314,422 tonnes of cargo comprising 221,607 tonnes of import cargo and 92,815...

Published 29 Apr, 2025 03:07am

Stocks

Nikkei rallies for fourth day; Toyota leads auto surge

TOKYO: Japan’s Nikkei rose for a fourth straight session on Monday, driven by automobiles stocks after Toyota ...

Published 29 Apr, 2025 03:07am

Stocks

China, HK stocks flat

SHANGHAI: China and Hong Kong stocks barely moved on Monday after Beijing pledged to stabilise capital markets...

Published 29 Apr, 2025 03:07am

Stocks

European shares end higher ahead of week’s data

FRANKFURT: European shares extended gains on Monday, with most sub-indexes rising, as investors remained optimistic...

Published 29 Apr, 2025 03:07am

Stocks

Megacaps drag Wall St lower as traders brace for earnings

NEW YORK: Wall Street turned lower on Monday, dragged down by megacap stocks, while investors braced for a week...

Published 29 Apr, 2025 03:07am

Six-canal project officially dead in the water: Sindh CM

ISLAMABAD: The Chief Minister Sindh Syed Murad Ali Shah came out swinging on Monday, declaring victory in a bitter...

Published 29 Apr, 2025 03:07am

State of the economy

The previous week’s article had focused on the growth performance of the economy from July 2024 to March 2025. An...

Published 29 Apr, 2025 03:07am

Wheat sector reforms in Pakistan: Punjab’s Electronic Warehouse Receipts regime to the rescue

Wheat farmers are in grave difficulty. Right before harvest, the price of wheat fell more than it did last year. So...

Updated 29 Apr, 2025 08:13am

IIOJK CM calls for caution in Indian response

OCCUPIED SRINAGAR: India should not do anything to alienate Kashmiris in its hunt for militants who killed 26 people...

Published 29 Apr, 2025 03:07am

Pakistan security forces kill 17 terrorists near Afghan border

ISLAMABAD: Security forces eliminated 17 more terrorists during a sanitisation operation conducted in the Hassan ...

Updated 29 Apr, 2025 07:14am

Rates

Stocks plummet

KARACHI: Pakistan Stock Exchange (PSX) on the first trading day of the week closed lower due to ongoing geopolitical...

Published 29 Apr, 2025 03:07am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (April 28, 2025). ======================================= Offset...

Published 29 Apr, 2025 03:07am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (April 28, 2025). ==================================== BR...

Published 29 Apr, 2025 03:07am

Commodities

Gold dips as trade anxiety eases

NEW YORK: Gold prices dipped for a second straight session on Monday as US-China trade tensions eased, and the ...

Published 29 Apr, 2025 03:07am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (April 28, 2025)....

Published 29 Apr, 2025 03:07am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (April 28, 2025). ======================== Open Bid Rs...

Published 29 Apr, 2025 03:07am

Forex

Open market rates of foreign currencies

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

Published 29 Apr, 2025 03:07am

Commodities

Gold prices soar to record-breaking Rs369,000 per tola

KARACHI: Gold prices in Pakistan have saw an extraordinary journey from 1947 to 2025. The precious yellow metal, ...

Published 29 Apr, 2025 03:07am

Energy

Energy sector: Pakistan, Kazakhstan pursue JVs and tech transfer

ISLAMABAD: Federal Minister for Petroleum, Ali Pervaiz Malik held a productive meeting with the Vice Minister of...

Published 29 Apr, 2025 03:07am

Commodities

Soybeans fall on conflicting US, China remarks on trade talks

SINGAPORE: Chicago soybeans lost more ground on Monday as conflicting statements by US and Chinese officials on ...

Published 29 Apr, 2025 03:07am

Energy

Crude oil prices drop on demand fears

HOUSTON: Crude oil prices fell more than $1 a barrel on Monday morning as demand fears arising from the trade war...

Published 29 Apr, 2025 03:07am

Commodities

Copper steadies, focus on US-China trade tensions

LONDON: Copper prices steadied on Monday as the market waited for further developments on US-China trade relations...

Published 29 Apr, 2025 03:07am

Commodities

Japanese rubber futures up

SINGAPORE: Japanese rubber futures rose on Monday, underpinned by brightening China economic data, but expectations...

Published 29 Apr, 2025 03:07am

Commodities

Russian wheat prices steady

MOSCOW: Russian wheat export prices changed little last week, with new crop wheat priced lower than last year’s,...

Published 29 Apr, 2025 03:07am

Energy

US natural gas down on mild weather

NEW YORK: US natural gas futures slid 2% to a five-month low on Friday on rising output and forecasts for mild...

Published 29 Apr, 2025 03:07am

Commodities

Palm slides on weak soyoil

KUALA LUMPUR: Malaysian palm oil futures closed lower on Monday, weighed down by expectations of increased...

Published 29 Apr, 2025 03:07am

Commodities

Iron ore slides amid fresh rumours of China cutting steel output

SINGAPORE: Iron ore futures prices fell on Monday, weighed down by renewed rumours of China cutting crude steel...

Published 29 Apr, 2025 03:07am

Cotton & Textile

Spot rate firm amid lean business

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

Published 29 Apr, 2025 03:07am

New canals: CCI nullifies ECNEC approval, IRSA certificate

ISLAMABAD: The Council of Common Interests (CCI) slammed the brakes on Monday on the federal government’s...

Updated 29 Apr, 2025 08:45am

SBP sees FY25 inflation of 5.5–7.5pc, real GDP growth of 2.5-3.5pc

KARACHI: Pakistan’s macroeconomic conditions strengthened further in the first half of this fiscal year (FY25), with...

Updated 29 Apr, 2025 08:47am

Pakistan’s real growth forecast stays unchanged: State Bank

But says risks to the growth outlook remain skewed to the downside

Updated 29 Apr, 2025 02:43pm

Pakistan: World Bank likely to extend CD for CASA-1000

ISLAMABAD: The World Bank is likely to extend closing date of CASA-1000(South-Asia- Central Asia Electricity...

Updated 29 Apr, 2025 02:42pm

Reciprocal trade situation with US: NA body urges MoC, Pakistan Embassy to continue efforts

ISLAMABAD: The National Assembly Standing Committee on Commerce, on Monday, urged the Ministry of Commerce and the...

Updated 29 Apr, 2025 09:15am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 45.871 billion...

Published 29 Apr, 2025 03:07am

Aurangzeb highlights Pakistan’s economic turnaround

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Mohammad Aurangzeb, while speaking at Pakistan...

Updated 29 Apr, 2025 08:46am

Tax laws bill may be part of FY26 Finance Bill: Non-filers to face curbs on economic deals

ISLAMABAD: The government is likely to make Tax Laws (Amendment) Bill, 2024 part of the next Finance Bill (2025-26)...

Updated 29 Apr, 2025 09:10am

Bilawal pledges support to govt against India

KARACHI: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has said Pakistan should not suspend the Simla...

Updated 29 Apr, 2025 09:25am

Commodities

Gold: price disparity confuses investors

KARACHI Gold buyers in Pakistan face conflicting pricing trends, with the open market hitting a historic high of...

Published 29 Apr, 2025 03:07am

Macroeconomic improvement: Fiscal discipline, policy reforms will be crucial for Pakistan: ADB

ISLAMABAD: Continued efforts toward fiscal consolidation and policy reforms will be the key to improvements in...

Updated 29 Apr, 2025 08:46am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (April 28, 2025)...

Published 29 Apr, 2025 03:07am

Taxes

Ex-cadre officers, staff of FBR demand reward payment

ISLAMABAD: The ex-cadre officers and staff from BS-1 to 16 of Federal Board of Revenue (FBR) have requested Chairman...

Published 29 Apr, 2025 03:07am

Companies

FFC announces PAT of Rs17.6bn in Q1’2025

ISLAMABAD: Fauji Fertilizer Company Limited (FFC) has announced its financial result for the first quarter of 2025...

Published 29 Apr, 2025 03:07am

Taxes

Tax rates revision: Panel to present report to SAPM for budget inclusion

ISLAMABAD: A meeting of the special committee constituted by Prime Minister Shehbaz Sharif on rationalisation of tax...

Published 29 Apr, 2025 03:07am

Companies

Performance in nine months: IMC’s total sales of CKD, CBU units up by 57pc

KARACHI: Indus Motor Company (IMC) has reported a solid performance during the nine-months ended March 31, 2025, ...

Published 29 Apr, 2025 03:07am

Money & Banking

JS Bank reports Rs2.74bn profit before tax for Q1 2025

KARACHI: JS Bank has reported an unconsolidated Profit Before Tax of PKR 2.74 billion, while Profit After Tax stood...

Published 29 Apr, 2025 03:07am

Money & Banking

Askari Bank achieves ISO/IEC 27001:2022 certification

ISLAMABAD: Askari Bank Limited has achieved the ISO/IEC 27001:2022 certification, reinforcing its commitment to the...

Published 29 Apr, 2025 03:07am

Industry

FPCCI pledges unwavering support to nation, armed forces

LAHORE: The Acting President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Saquib Fayyaz...

Published 29 Apr, 2025 03:07am

Industry

Importer wins case as delay in order held invalid

LAHORE: A goods importer has proved that a direction provided in the law for passing an order within certain period...

Published 29 Apr, 2025 03:07am

SNGPL declares highest-ever profit and dividend for FY 2023–24

LAHORE: The Board of Directors of Sui Northern Gas Pipelines Limited (SNGPL), in its meeting held on Saturday, April...

Published 29 Apr, 2025 03:07am

Money & Banking

Asian currencies down against dollar

BENGALURU: Emerging Asian equity markets opened the week higher on Monday, led by Taiwan tracking Wall Street gains,...

Published 29 Apr, 2025 03:07am

Money & Banking

Dollar mixed against major currencies

NEW YORK: The US dollar traded mixed overall on Monday, falling against the yen and sterling, but posting gains...

Published 29 Apr, 2025 03:07am

Money & Banking

Yuan slips against dollar

SHANGHAI: China’s yuan slipped against the dollar on Monday, as investors carefully monitored the greenback’s...

Published 29 Apr, 2025 03:07am

Lucky Investments awarded AM2 Asset Manager Rating by PACRA

Industry

KCCI President concerned over losses due to ongoing sit-ins near Sukkur

KARACHI: President of Karachi Chamber of Commerce and Industry (KCCI), Javed Bilwani has expressed serious concern ...

Published 29 Apr, 2025 03:07am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 23	283.90
USD PKR Interbank Buying / Jun 23	283.60
USD to Japanese Yen / Jun 23	147.27
USD to Swiss Franc / Jun 23	0.82
Pound Sterling to USD / Jun 23	1.34
Euro to USD / Jun 23	1.15
UK LIBOR % / Jun 20	4.96

Stock	Volume
S&P 500 / Jun 20	5,967.84
Nasdaq / Jun 20	19,447.41
Dow Jones / Jun 20	42,206.82
India Sensex / Jun 23	81,805.29
Tokyo Nikkei / Jun 23	38,354.09
Hang Seng / Jun 23	23,650.62
FTSE 100 / Jun 23	8,779.33
Germany DAX 30 / Jun 23	23,247.79
France CAC40 / Jun 23	7,558.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 20	16,785
Gold 10 Grams PKR / Jun 20	306,069
Crude Oil USD/Barrel / Jun 23	74.78
Gold Spot USD/Ounce / Jun 23	3,353.56
Cotton US¢/pound / Jun 23	66.65
Petrol/Litre / Jun 24	258.43
Diesel/Litre / Jun 24	262.59

Gainers
Losers
Leaders

Stock	Price
Cresent Jute / Jun 23 Crescent Jute Products Limited(CJPL)	7.49 ▲ 1 (15.41%)
AN Textile Mills / Jun 23 AN Textile Mills Limited(ANTM)	25.70 ▲ 2.34 (10.02%)
Leather Up Ltd. / Jun 23 Leather Up Limited(LEUL)	42.90 ▲ 3.9 (10%)
Rupali polyester / Jun 23 Rupali Polyester Limited(RUPL)	27.07 ▲ 2.46 (10%)
Frontier Ceram / Jun 23 Frontier Ceramics Limited(FRCL)	36.30 ▲ 3.3 (10%)
Karam Ceramics / Jun 23 Karam Ceramics Limited(KCL)	66.80 ▲ 6.07 (10%)
Shams Textile / Jun 23 Shams Textile Mills Limited(STML)	34.67 ▲ 3.15 (9.99%)
First Elite Cap.Mod / Jun 23 First Elite Capital Modaraba(FECM)	36.88 ▲ 3.35 (9.99%)
Jubilee Spinning / Jun 23 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	12.35 ▲ 1.12 (9.97%)
Fazal Cloth / Jun 23 Fazal Cloth Mills Limited(FZCM)	205.54 ▲ 18.54 (9.91%)

Stock	Price
United BankXD / Jun 23 United Bank Limited(UBL)	261.81 ▼ -262.38 (-50.05%)
First Prudential Mod. / Jun 23 First Prudential Modaraba(PMI)	3.49 ▼ -0.61 (-14.88%)
First Fid. Leasing / Jun 23 First Fidelity Leasing Modaraba(FFLM)	2.31 ▼ -0.34 (-12.83%)
Invest Bank / Jun 23 Invest Capital Investment Bank Limited(ICIBL)	7.21 ▼ -0.98 (-11.97%)
Askari Life Assur. / Jun 23 Askari Life Assurance Company Limited(ALAC)	6.99 ▼ -0.95 (-11.96%)
Ghani Chemworld / Jun 23 Ghani Chemworld Limited(GCWL)	7.98 ▼ -1 (-11.14%)
Yousuf Weaving / Jun 23 Yousaf Weaving Mills Limited(YOUW)	4.22 ▼ -0.52 (-10.97%)
F.Credit & Inv / Jun 23 First Credit and Investment Bank Limited(FCIBL)	7.75 ▼ -0.88 (-10.2%)
LSE Financial Serv. / Jun 23 LSE Financial Services Limited(LSEFSL)	32.36 ▼ -3.6 (-10.01%)
Chashma / Jun 23 Chashma Sugar Mills Limited(CHAS)	57.60 ▼ -6.4 (-10%)

Stock	Volume
WorldCall Telecom / Jun 23 Worldcall Telecom Limited(WTL)	53,303,035 ▼ -0.1
Sui South Gas / Jun 23 Sui Southern Gas Company Limited(SSGC)	35,996,379 ▼ -4.2
Pervez Ahmed Consultancy / Jun 23 Pervez Ahmed Consultancy Services Ltd.(PASL)	24,022,793 ▼ -0.12
K-Electric Ltd. / Jun 23 K-Electric Limited(KEL)	23,740,292 ▼ -0.24
Kohinoor Spining / Jun 23 Kohinoor Spinning Mills Limited(KOSM)	22,523,059 ▼ -0.54
Fauji Cement / Jun 23 Fauji Cement Company Limited(FCCL)	16,264,731 ▼ -4.16
Cnergyico PK / Jun 23 Cnergyico PK Limited(CNERGY)	14,226,103 ▼ -0.48
Maple Leaf Cement / Jun 23 Maple Leaf Cement Factory Limited(MLCF)	14,036,410 ▼ -5.02
Dewan Cement / Jun 23 Dewan Cement Limited(DCL)	13,766,080 ▼ -1.36
B.O.Punjab / Jun 23 The Bank of Punjab(BOP)	13,746,025 ▼ -0.36

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