News Archives for Print - 2025-05-07

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Print - 2025-05-07

Industry

LCCI SVP presents budget proposals to Senate body

LAHORE: Senior Vice President of the Lahore Chamber of Commerce and Industry Engineer Khalid Usman has presented the...

Published 07 May, 2025 07:12am

Cotton & Textile

Kharif season: All set to meet cotton seed demand

ISLAMABAD: The country is set to meet its cotton seed demand for the upcoming Kharif season (2025-26), with over...

Published 07 May, 2025 07:12am

ATC postpones indictment of IK, other PTI leaders

ISLAMABAD: The Anti-Terrorism Court (ATC) on Tuesday postponed the indictment of Pakistan Tehreek-e-Insaf (PTI)...

Published 07 May, 2025 07:11am

Companies

Bank Alfalah launches app ‘Worklee’

KARACHI: Bank Alfalah has launched the country’s first, human resources hiring and remote working app called...

Published 07 May, 2025 07:11am

Industry

Business community express mix reaction over policy rate cut

KARACHI: Business community has expressed mix reaction over monetary policy announced by state bank of Pakistan on...

Published 07 May, 2025 07:09am

Penalty imposed by CCP: CAT reserves verdict in a case filed by ICAP

ISLAMABAD: The Competition Appellate Tribunal (CAT) has reserved its verdict in a case filed by the Institute of...

Published 07 May, 2025 07:08am

Marriyum inaugurates ‘CM Punjab Green Credit Programme’

LAHORE: Senior Provincial Minister Marriyum Aurangzeb on Tuesday formally inaugurated the Chief Minister Punjab ...

Published 07 May, 2025 07:05am

Industry

Financial management: CFOs are agents of transformation, says ICAP chief

KARACHI: The Professional Accountants in Business (PAIB) Committee of the Institute of Chartered Accountants of...

Published 07 May, 2025 07:04am

Taxes

EPBD asks govt to withdraw Tax Laws Ordinance

ISLAMABAD: Economic Policy and Business Development (EPBD) - a Think Tank has asked the government to immediately...

Published 07 May, 2025 07:02am

China, in response to CIA videos, warns of measures against ‘infiltration, sabotage’

BEIJING: China warned on Tuesday it would take necessary measures to crack down on “infiltration and sabotage...

Published 07 May, 2025 06:59am

Commodities

Gold prices post mammoth surge

KARACHI: The gold rally extended into Tuesday, driven by a sharp uptrend in the international market, with prices...

Published 07 May, 2025 06:57am

Ensuring Karachi’s stake in national energy planning

It is often said — and increasingly heard in conversations with residents, business leaders, and industrial...

Updated 07 May, 2025 07:30am

Letters

‘India’s Indus waters gamble: illegal, impossible, and immoral’

This is apropos a letter to the Editor headlined above carried by the newspaper yesterday. I would like to add that...

Published 07 May, 2025 06:50am

Drawing a line between advocacy and violence

EDITORIAL: Functioning democracies give space to citizens, especially those belonging to estranged sections of...

Published 07 May, 2025 06:49am

100bps cut in policy rate

EDITORIAL: On 5 May the Monetary Policy Committee (MPC) decided to reduce the discount rate by 100 basis points —...

Updated 07 May, 2025 07:23am

Ravan in saffron

In every piece that I wrote about our Eastern neighbour, the persons under the knife of dissection is Narendra Modi...

Published 07 May, 2025 06:43am

Joining the social connectivity dots

People are strange. I am socially awkward. I want “me” time. I am a private person. Wish I was an extrovert....

Published 07 May, 2025 06:30am

Rate cut: KIBOR drops across all tenors

KARACHI: The Karachi Interbank Offered Rate (KIBOR) declined across all tenors on Tuesday, following a cut in the ...

Published 07 May, 2025 06:17am

The Weather

KARACHI: The weather report on Tuesday (May 06, 2025) and the forecast for Wednesday (May 07, 2025)...

Published 07 May, 2025 06:06am

Stocks

Financials drag Indian benchmarks lower on profit booking

MUMBAI: India’s equity benchmark indexes inched lower on Tuesday, dragged by financials as investors booked ...

Published 07 May, 2025 06:06am

Govt hospitals: CM orders provision of state-of-the-art medical equipment

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif directed to purchase state-of-the-art medical equipment for the...

Published 07 May, 2025 06:06am

CM gets briefing on mass transit projects

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif chaired a special meeting in which a detailed briefing was given ...

Published 07 May, 2025 06:06am

Same relief cannot be sought on two different forums: LHC

LAHORE: The Lahore High Court (LHC) held that proceedings for the same relief cannot be conducted on two different...

Published 07 May, 2025 06:06am

Indian hostilities: JI chief urges govt to convene APC

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem Ur Rehman on Tuesday urged the government to convene an All Parties...

Published 07 May, 2025 06:06am

Water inflow in River Chenab at Head Marala rises

MULTAN: The inflow of water in the River Chenab at Head Marala, which had dipped to 3,100 cusecs at 9:00 PM last...

Published 07 May, 2025 06:06am

Experts caution against unchecked use of AI

KARACHI: Experts on Tuesday cautioned against the unchecked use of artificial intelligence (AI) technology, warning...

Published 07 May, 2025 06:06am

Chairman OGDCL Zafar Masud’s book ‘Seat 1C’ launched

ISLAMABAD: Chairman of Oil and Gas Development Company Limited (OGDCL) Zafar Masud’s book titled “Seat 1C: A...

Published 07 May, 2025 06:06am

Trade, investment and technology: Zardari reaffirms commitment to expand ties with Russia

ISLAMABAD: President Asif Ali Zardari has reaffirmed Pakistan’s commitment to further expand bilateral cooperation...

Published 07 May, 2025 06:06am

PTI reserved seats: SC issues notices to respondents

ISLAMABAD: The Supreme Court, accepting the review petitions, issued notices to the respondents in Pakistan...

Published 07 May, 2025 06:06am

PARTLY FACETIOUS: English is a third language for GPS

“Ye Men.” “Oh, for Pete’s sake! With India getting ever more belligerent, this is no time for such feminist...

Updated 07 May, 2025 07:28am

Implementation of SRO, PoS merger by FBR: FBR ordered to stop issuing notices to educational centres

ISLAMABAD: Federal Tax Ombudsman (FTO) has approved the appeal of All Pakistan Private Schools Federation against ...

Published 07 May, 2025 06:06am

PM for transformation of Karachi-Chaman highway into world-class expressway

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Tuesday directed to convert Karachi-Chaman National Highway...

Published 07 May, 2025 06:06am

PARCO board: Senate body expresses reservations over selection criteria

ISLAMABAD: A parliamentary panel on Tuesday expressed its serious reservations over appointment of a parliamentarian...

Published 07 May, 2025 06:06am

Heritage structure: Sindh govt takes action against demolition

KARACHI: The Government of Sindh has taken decisive action following the unlawful demolition of the heritage...

Published 07 May, 2025 06:06am

Dar, Muttaqi talk on phone: Steps to ease trade, travel for Afghan nationals hailed

ISLAMABAD: Acting Foreign Minister (FM) of Afghanistan Amir Khan Muttaqi has appreciated Pakistan’s proactive ...

Published 07 May, 2025 06:06am

Irregularities in health sector: TIP writes letters to all CMs for taking action

ISLAMABAD: Transparency International Pakistan (TIP) has extended its call for action against irregularities in the...

Published 07 May, 2025 06:06am

TTP continues to jeopardise Pak-Afghan ties: SAPM Sadiq

ISLAMABAD: Special Assistant to Prime Minister (SAPM) and Special Representative on Afghanistan, Ambassador Mohammad...

Published 07 May, 2025 06:06am

Review petitions against PHC judgement: ‘Clear error’ in verdict must be identified, rules SC

ISLAMABAD: The Supreme Court ruled that a clear error in an original verdict must be identified for a review ...

Published 07 May, 2025 06:06am

Trump calls Indian strikes a ‘shame’

WASHINGTON: US President Donald Trump said on Tuesday afternoon that the recent Indian strikes against targets in...

Published 07 May, 2025 06:06am

Seven soldiers embrace martyrdom in IED blast at Mach

ISLAMABAD: Seven Pakistani soldiers embraced martyrdom on Tuesday when terrorists affiliated with the Indian-backed...

Published 07 May, 2025 06:06am

UNSC apprised of imminent kinetic action threat

ISLAMABAD: Pakistan on Tuesday apprised the United Nations Security Council (UNSC) of intelligence indicating an...

Published 07 May, 2025 06:06am

PM briefed about situationat ISI HQ

ISLAMABAD: The top leadership of the country – both military and political – gathered on Tuesday at the...

Published 07 May, 2025 06:06am

Modi says India will retain share of water

NEW DELHI: India Prime Minister Narendra Modi said on Tuesday that water belonging to India that was earlier sent...

Published 07 May, 2025 06:06am

Pakistan launches counter- strike

KARACHI: Inter-Services Public Relations (ISPR) Director General Lt Gen Ahmed Sharif Chaudhry said early on that at...

Published 07 May, 2025 06:06am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (May 06, 2025). ==================================== BR...

Published 07 May, 2025 06:06am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (May 06, 2025). ======================================= Offset ...

Published 07 May, 2025 06:06am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 06, 2025)...

Published 07 May, 2025 06:06am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 06, 2025)....

Published 07 May, 2025 06:06am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (May 06, 2025)....

Published 07 May, 2025 06:06am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (May 06, 2025). ======================== Open Bid Rs...

Published 07 May, 2025 06:06am

Forex

Open market rates of foreign currencies

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

Published 07 May, 2025 06:06am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (May 06, 2025). ========================== KIBOR...

Published 07 May, 2025 06:06am

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 07 May, 2025 06:06am

Commodities

Gold rises, spotlight on Fed meet

NEW YORK: Gold prices rose to a two-week high on Tuesday, supported by post-holiday buying from China and concerns...

Published 07 May, 2025 06:06am

Energy

US natgas output, demand to hit record highs

NEW YORK: US natural gas output and demand will both rise to record highs in 2025, the US Energy Information...

Published 07 May, 2025 06:06am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 205,110 tonnes of cargo comprising 174,961 tonnes of import cargo and 30,149...

Published 07 May, 2025 06:06am

Commodities

Iron ore ticks up on Sino-US trade talk hopes

SINGAPORE: Iron ore futures prices edged up on Tuesday, underpinned by hopes of a trade deal between the US and top...

Published 07 May, 2025 06:06am

Cotton & Textile

Low activity on cotton market

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

Published 07 May, 2025 06:06am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (May 06, 2025)...

Published 07 May, 2025 06:06am

Stocks

China, HK stocks gain on trade deal hopes

SHANGHAI: China and Hong Kong stocks hit one-month highs on Tuesday as expectations for a China-US trade deal...

Published 07 May, 2025 06:06am

Stocks

German stocks cut losses as Merz elected as chancellor

FRANKFURT: German shares trimmed early losses on Tuesday after conservative leader Friedrich Merz was elected...

Published 07 May, 2025 06:06am

Stocks

Wall Street wobbles as markets navigate through tariff uncertainty

NEW YORK: Wall Street’s main indexes declined on Tuesday as investors tried to navigate the uncertainty ...

Published 07 May, 2025 06:06am

Stocks

Sri Lankan shares lifted by IT, energy

COLOMBO: Sri Lankan shares closed higher on Tuesday, led by the gains in information technology and energy stocks....

Published 07 May, 2025 06:06am

Rates

Stocks shed more weight

KARACHI: The Pakistan Stock Exchange (PSX) closed lower on Tuesday as investors opted to book profits, despite a 100...

Published 07 May, 2025 06:06am

Commodities

Malaysian palm oil futures slip

JAKARTA: Malaysian palm oil futures reversed gains on Tuesday, continuing their decline for the sixth straight...

Published 07 May, 2025 06:06am

Commodities

Soybeans continue slide on trade tensions, tumbling soyoil

CHICAGO: Chicago soybean futures slid for the second session on Tuesday as worries over international trade tensions...

Published 07 May, 2025 06:06am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 43.002 billion...

Published 07 May, 2025 06:06am

Commodities

EU wheat claws back some losses after sliding to contract lows

PARIS: European wheat rebounded on Monday after losing 2.5% to contract lows in the previous session, marking its...

Published 07 May, 2025 06:06am

Money & Banking

Most Asian currencies weaker

BENGALURU: Most Asian currencies weakened on Tuesday with Taiwan’s dollar retreating from three-year highs after...

Published 07 May, 2025 06:06am

Money & Banking

Dollar trades lower, euro gains

NEW YORK: The US dollar traded lower against major currencies including the yen on Tuesday amid market jitters over...

Published 07 May, 2025 06:06am

TMA advocates critical budgetary reforms at Senate body moot

KARACHI: Towel Manufacturers Association of Pakistan (TMA) played an active role in the Standing Committee of the...

Updated 07 May, 2025 07:17am

Taxes

PTBA urges President to withdraw tax amendments ordinance

KARACHI: Pakistan Tax Bar Association (PTBA) has requested President Asif Ali Zardari to immediately withdraw the ...

Published 07 May, 2025 06:06am

Industry

4th ECO TPO forum meeting held

KARACHI: The 4th Economic Cooperation Organization, Trade Promotion Organization’s forum was held at Trade...

Published 07 May, 2025 06:06am

PRAC raises concern over ‘insufficient’ policy rate cut

KARACHI: The Policy Research Advocacy Council (PRAC) has expressed concern over the SBP’s decision to cut the...

Published 07 May, 2025 06:06am

US trade delegation calls on Dar

ISLAMABAD: A delegation of the US Pakistan Business Council (USPBC), US Chamber of Commerce, called on the Deputy...

Published 07 May, 2025 06:06am

Carriers/transport operators: FBR to conduct 3rd-party audit of tracking services

ISLAMABAD: The Federal Board of Revenue (FBR) will conduct third party audit of tracking services provided by...

Published 07 May, 2025 06:06am

Taxes

FTO receives 7,919 anti-FBR complaints only in April

ISLAMABAD: Federal Tax Ombudsman (FTO) has received the highest number of complaints 7,919 against the Federal Board...

Published 07 May, 2025 06:06am

ICCI rejects Tax Laws (Amendment) Ordinance 2025

ISLAMABAD: The business community of the federal capital has rejected Tax Laws (Amendment) Ordinance 2025 with the...

Published 07 May, 2025 06:06am

Industry

KCCI and RCCI unite to tackle economic challenges

KARACHI: In a powerful show of unity, two of Pakistan’s most influential business chambers, the Karachi Chamber of...

Published 07 May, 2025 06:06am

Industry

Mohmand Chamber opposes unlimited powers for taxmen

PESHAWAR: The President of the Mohmand Chamber of Commerce and Industry, Haji Amir Muhammad Khan Tuesday rejected ...

Published 07 May, 2025 06:06am

Industry

NKATI President rejects promulgated tax laws

KARACHI: Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI) has strongly...

Published 07 May, 2025 06:06am

Rising protectionism could derail trade flows: PBC chief

KARACHI: Ehsan Malik, Chairman of the Pakistan Business Council (PBC), has cautioned against the global rise in...

Published 07 May, 2025 06:06am

Key enhancements to EMR launched: SECP approves significant cut in access fees

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved a significant reduction in access...

Published 07 May, 2025 06:06am

Sweeping tax reforms needed for sustainable economy: Mian Zahid

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

Published 07 May, 2025 06:06am

Traders reject SRO 175, issue ultimatum

KARACHI: Expressing deep frustration and alarm over the Presidential Ordinance introducing SRO 175, trader...

Published 07 May, 2025 06:06am

Intelligence report: RAW-backed terror plan in Balochistan surfaces

ISLAMABAD: Following the failure of the Pahalgam false flag operation, India has activated a major terror plan in...

Published 07 May, 2025 06:06am

Powers of chief justice: 26th Amendment introduces changes: CJP

ISLAMABAD: Chief Justice of Pakistan Yahya Afridi said the 26th Amendment had introduced changes in the powers of ...

Published 07 May, 2025 06:06am

RRS implementation: FBR facing potential legal challenges

KARACHI: The Federal Board of Revenue (FBR) is facing significant internal backlash and potential legal challenges...

Published 07 May, 2025 06:06am

Barter trade with Iran, Afghanistan: Senate panel assails MoC for proposing permanent EIF exemption

ISLAMABAD: The Senate Standing Committee on Commerce on Tuesday strongly criticised senior officials from the...

Published 07 May, 2025 06:06am

No hand in Pahalgam incident: Bilawal

ISLAMABAD: Pakistan Peoples’ Party (PPP) Chairman Bilawal Bhutto-Zardari said Pakistan had no hand in the Pahalgam...

Published 07 May, 2025 06:06am

Global debt hits record of over $324trn: IIF

NEW YORK: Global debt rose by around $7.5 trillion in the first three months of the year to hit a record high of ...

Published 07 May, 2025 06:06am

NGC BoD constitutes restructuring body to oversee transition

Move comes after Federal Cabinet's approval

Updated 07 May, 2025 09:08am

Europe and China, ME tensions: Oil prices climb 4pc on signs of more demand

Energy

Companies

Free SIMs, roaming services: Zong 4G to facilitate over 91,000 pilgrims

KARACHI: Zong 4G is partnering with the Ministry of Religious Affairs (MoRA) for Hajj 2025 in a strategic initiative...

Published 07 May, 2025 06:06am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	285.03
USD PKR Interbank Buying / Jul 17	284.83
USD to Japanese Yen / Jul 17	148.67
USD to Swiss Franc / Jul 17	0.80
Pound Sterling to USD / Jul 17	1.34
Euro to USD / Jul 17	1.16
UK LIBOR % / Jul 15	4.96

Stock	Volume
S&P 500 / Jul 16	6,263.70
Nasdaq / Jul 16	20,730.49
Dow Jones / Jul 16	44,254.78
India Sensex / Jul 17	82,481.83
Tokyo Nikkei / Jul 17	39,901.19
Hang Seng / Jul 17	24,541.19
FTSE 100 / Jul 17	8,965.78
Germany DAX 30 / Jul 17	24,224.23
France CAC40 / Jul 17	7,791.07

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 16	16,585
Gold 10 Grams PKR / Jul 16	305,212
Petrol/Litre / Jul 17	272.15
Crude Oil USD/Barrel / Jul 17	66.56
Gold Spot USD/Ounce / Jul 17	3,335.18
Diesel/Litre / Jul 17	284.35
Cotton US¢/pound / Jul 17	68.94

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jul 17 Chenab Limited(CHBL)	8.65 ▲ 1 (13.07%)
First Dawood Prop. / Jul 17 First Dawood Properties Limited(FDPL)	6.88 ▲ 0.77 (12.6%)
Askari Life Assur. / Jul 17 Askari Life Assurance Company Limited(ALAC)	9.47 ▲ 1 (11.81%)
Trust Mod. / Jul 17 Trust Modaraba(TRSM)	9.72 ▲ 1 (11.47%)
Khalid Siraj / Jul 17 Khalid Siraj Textile Mills Limited(KSTM)	9.97 ▲ 1 (11.15%)
Paramount Mod / Jul 17 First Paramount Modaraba(FPRM)	10.20 ▲ 1 (10.87%)
Zephyr Textile / Jul 17 Zephyr Textiles Limited(ZTL)	16.46 ▲ 1.5 (10.03%)
Habib Insurance / Jul 17 Habib Insurance Company Limited(HICL)	18.55 ▲ 1.69 (10.02%)
Int. Knit. / Jul 17 International Knitwear Limited(INKL)	31.85 ▲ 2.9 (10.02%)
Bilal Fibres / Jul 17 Bilal Fibres Limited(BILF)	24.07 ▲ 2.19 (10.01%)

Stock	Price
Kohat Textile / Jul 17 Kohat Textile Mills Limited(KOHTM)	68.40 ▼ -7.6 (-10%)
Shahzad Tex. / Jul 17 Shahzad Textile Mills Limited(SZTM)	69.98 ▼ -7.24 (-9.38%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	40 ▼ -3.67 (-8.4%)
Nets Internat.Comm. / Jul 17 Nets International Communication Limited(GEMNETS)	38.20 ▼ -3.25 (-7.84%)
Hafiz Ltd. / Jul 17 Hafiz Limited(HAFL)	322.34 ▼ -27.09 (-7.75%)
First IBL Mod. / Jul 17 First IBL Modaraba(FIBLM)	5.99 ▼ -0.46 (-7.13%)
Apna Microfin. / Jul 17 Apna Microfinance Bank Limited(AMBL)	12.06 ▼ -0.89 (-6.87%)
Idrees Tex. / Jul 17 Idrees Textile Mills Limited(IDRT)	20 ▼ -1.3 (-6.1%)
Habib Rice Products / Jul 17 Habib Rice Product Limited(HRPL)	29.90 ▼ -1.93 (-6.06%)
Beco Steel Ltd / Jul 17 Beco Steel Limited(BECO)	22.30 ▼ -1.39 (-5.87%)

Stock	Volume
Pak Int.Bulk / Jul 17 Pakistan International Bulk Terminal(PIBTL)	69,126,941 ▲ 0.52
First Dawood Prop. / Jul 17 First Dawood Properties Limited(FDPL)	29,176,526 ▲ 0.77
Ghani Chemworld / Jul 17 Ghani Chemworld Limited(GCWL)	20,236,947 ▲ 1.2
Thatta Cement / Jul 17 Thatta Cement Company Limited(THCCL)	16,509,485 ▲ 1.53
Dewan Cement / Jul 17 Dewan Cement Limited(DCL)	14,004,807 ▲ 0.49
Treet Corp / Jul 17 Treet Corporation Limited(TREET)	13,131,486 ▲ 0.81
Hub Power Co. / Jul 17 The Hub Power Company Limited(HUBC)	11,707,521 ▲ 3.94
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	10,102,292 ▼ -0.11
Pervez Ahmed Consultancy / Jul 17 Pervez Ahmed Consultancy Services Ltd.(PASL)	9,747,508 ▲ 0.23
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	9,341,022 ▲ 0.08

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