News Archives for Print - 2025-05-16

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Print - 2025-05-16

No deal made by IK, clarifies PTI chief

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Barrister Gohar Ali Khan while emphasising the need for dialogue...

Published 16 May, 2025 03:06am

The Weather

KARACHI: The weather report on Thursday (May 15, 2025) and the forecast for Friday (May 16, 2025)...

Published 16 May, 2025 03:06am

Pakistan Paper Products Limited

Pakistan Paper Products Limited (PSX:PPP) was incorporated in Pakistan as a private limited company in 1984 and was...

Published 16 May, 2025 03:06am

Peace breakthrough unlikely as Putin declines to meet Zelenskiy in Turkey

ISTANBUL: Russia’s Vladimir Putin spurned a challenge to meet face-to-face with Volodymyr Zelenskiy in Turkey on...

Published 16 May, 2025 03:06am

Gas gamble backfires

With some control achieved in the power sector's circular debt, the gas circular debt is now becoming a bigger...

Published 16 May, 2025 03:06am

POL in 9MFY25

Pakistan Oilfields Limited (PSX: POL) reported a substantial decline in profitability for the nine months ended ...

Published 16 May, 2025 03:06am

The age of taxation and tariffs – time to reset the rules

In May last year, I wrote about redefining taxation in the digital age — proposing that it become the fourth...

Published 16 May, 2025 03:06am

Green Sukuk

Climate change poses one of the greatest global challenges today, calling for innovative financial solutions. In the...

Published 16 May, 2025 03:06am

Energy

Law ministry yet to verify Ogra’s ‘LPG Industry Amendment Bill’

ISLAMABAD: Ministry of Law and Justice has yet to vet the Oil and Gas Regulatory Authority’s (Ogra’s) LPG...

Published 16 May, 2025 03:06am

Appeals of IK, Bushra: IHC issues notice to NAB

ISLAMABAD: The Islamabad High Court (IHC) issued notices to the National Accountability Bureau (NAB) in the Pakistan...

Published 16 May, 2025 03:06am

Pak-India dialogue at neutral venue: Friendly states making intensive efforts

ISLAMABAD: Informed diplomatic sources revealed on Thursday that friendly countries are making intensive efforts to...

Published 16 May, 2025 03:06am

Green Leaf Threshing (GLT) unit: Govt planning to deploy FC personnel for monitoring

ISLAMABAD: The government is planning to deploy Frontier Constabulary force in Khyber Pakhtunkhwa to ...

Published 16 May, 2025 03:06am

‘Combat excellence’ against India: Senate specifically commends PAF for its ‘exceptional professionalism’

ISLAMABAD: The Upper House of the Parliament has specifically commended the Pakistan Air Force (PAF) for its...

Published 16 May, 2025 03:06am

Gwadar development: Senate panel calls for concrete steps

ISLAMABAD: Senator Quratulain Marri stressed that basic need such as water supply must be prioritised over tourism ...

Published 16 May, 2025 03:06am

Roundtable discussion held to shape first media, info literacy strategy

ISLAMABAD: In a significant step toward fostering a digitally responsible and informed society, UNESCO, in...

Published 16 May, 2025 03:06am

Sindh observes ‘Victory Day’ and ‘Thanksgiving Day’

KARACHI: Sindh Senior Minister Sharjeel Inam Memon said that today was a very significant day as it was observed as...

Published 16 May, 2025 03:06am

Residential plots in Karachi: Notification legalising commercial activities withdrawn by SBCA

KARACHI: The Sindh Building Control Authority (SBCA) has withdrawn its notification that allowed commercial...

Published 16 May, 2025 03:06am

Naqvi for efforts against illegal immigration, drug smuggling

ISLAMABAD: Interior Minister Mohsin Naqvi on Thursday emphasised the need for effective and coordinated measures to...

Published 16 May, 2025 03:06am

SFA chief says ‘no industrial inspection without prior notice’

KARACHI: In a significant move to improve transparency and ease operational hurdles for industrial stakeholders, ...

Published 16 May, 2025 03:06am

Solarization of agri tube wells: CM Maryam announces major subsidy

LAHORE: Announcing enhancement in loan grant through Kissan Card from Rs150,000 to Rs300,000 and a subsidy up to 95...

Published 16 May, 2025 03:06am

Quorum issue in Punjab PA: Opposition, ruling members engage in heated discussion

LAHORE: The Punjab Assembly witnessed a turbulent session on Thursday as the treasury benches failed to maintain the...

Published 16 May, 2025 03:06am

e-Visa facility for Pakistanis soon: Bangladeshi HC

LAHORE: High Commissioner of Bangladesh Muhammad Iqbal Hussain Khan has said that Bangladesh has recently simplified...

Published 16 May, 2025 03:06am

CM launches scheme to give 1,000 free tractors, cash grant to farmers

LAHORE: For the first time in Punjab’s history, 1000 free tractors along with cash grant scheme worth Rs 5,000 per...

Published 16 May, 2025 03:06am

There will be a firm response to any Indian aggression: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday voiced serious concern over recent remarks made by Indian...

Published 16 May, 2025 03:06am

PARTLY FACETIOUS: A Treaty is not an MoU

“So what’s a treaty?” “A treaty is a binding formal agreement, contract, or any other written instrument...

Published 16 May, 2025 03:06am

Need for new trade corridors

The strategic direction of United States and Saudi Arabia relations is entering a new phase of profound...

Published 16 May, 2025 03:06am

IWT is lifeline of country, says JI

KARACHI: Jamaat-e-Islami's Sindh chapter on Thursday declared that any tampering with the Indus Waters Treaty (IWT)...

Published 16 May, 2025 03:06am

JI warns govt against using PECA

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem ur Rehman has emphasized the need to curb fake news but warned the...

Published 16 May, 2025 03:06am

No one can undo Sino-Pak ties: Chinese CG

KARACHI: Yang Yundong, Consul General of the People’s Republic of China said that Pakistan and China has enduring...

Published 16 May, 2025 03:06am

Govt declares 16th as a ‘Day of Gratitude’

ISLAMABAD: The federal government has declared May 16, 2025, as a ‘Day of Gratitude’ to commemorate the success...

Published 16 May, 2025 03:06am

No radiation leak or release from any N-facility in Pakistan: IAEA

VIENNA: Days after India refuted reports that Kirana Hills area, which allegedly houses a nuclear facility, was hit...

Updated 16 May, 2025 08:51am

PM visits Kamra Airbase to honour PAF heroes

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Thursday lauded the Pakistan Armed Forces for their swift and...

Published 16 May, 2025 03:06am

Maryam has emerged as most active CM during ‘wartime’: Azma

LAHORE: Punjab Information Minister Azma Bokhari has said that no statement came from the founder of PTI during the...

Published 16 May, 2025 03:06am

Rates

Index hits all-time high

KARACHI: Sentiment at the Pakistan Stock Exchange (PSX) remained positive, with the market climbing to an all-time...

Published 16 May, 2025 03:06am

Energy

Wapda chairman reviews work on Dasu hydropower project

PESHAWAR: Chairman Wapda Engr Lt Gen Sajjad Ghani (Retd) visited Dasu Hydropower Project on Thursday, being...

Published 16 May, 2025 03:06am

Letters

A war, a ceasefire, and a shattered Indian myth

In one of the most consequential military escalations in recent South Asian history, the May 2025 conflict between...

Published 16 May, 2025 03:06am

Energy

Oil prices fall 2pc on expectations for US-Iran nuclear deal

NEW YORK: Oil prices fell on Thursday on expectations for a US-Iran nuclear deal that could result in sanctions ...

Published 16 May, 2025 03:06am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 128,060 tonnes of cargo comprising 93,624 tonnes of import cargo and 34,436...

Published 16 May, 2025 03:06am

Energy

US natgas prices ease to two-week low ahead of storage report

NEW YORK: US natural gas futures eased about 1% to a two-week low on Thursday on forecasts for less demand next week...

Published 16 May, 2025 03:06am

Mission-oriented economic policy

There seems to be a lot of focus on the working of ministry of finance, which is not to say that its role is in any...

Published 16 May, 2025 03:06am

Stocks

Nikkei slides as strong yen weighs

TOKYO: Japan’s Nikkei share average dropped for a second day on Thursday, extending its retreat from a nearly...

Published 16 May, 2025 03:06am

Stocks

China stocks snap three-day winning streak

SHANGHAI: China stocks ended lower on Thursday, snapping three days of gains, as investors digested the local ...

Published 16 May, 2025 03:06am

Stocks

Europe’s STOXX 600 recovers declines; defence stocks gain

FRANKFURT: European shares reversed early declines to close higher on Thursday, with industrial stocks getting the...

Published 16 May, 2025 03:06am

Stocks

S&P 500 struggles for direction as trade truce rally fades

NEW YORK: The S&P 500 teetered between gains and losses in a choppy session on Thursday as elation from the...

Published 16 May, 2025 03:06am

Rates

LME official prices

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

Published 16 May, 2025 03:06am

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 16 May, 2025 03:06am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (May 15, 2025). ========================== KIBOR...

Published 16 May, 2025 03:06am

Forex

Open market rates of foreign currencies

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

Published 16 May, 2025 03:06am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (May 15, 2025). ======================== Open Bid Rs...

Published 16 May, 2025 03:06am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (May 15, 2025)....

Published 16 May, 2025 03:06am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 15, 2025)....

Published 16 May, 2025 03:06am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (May 15, 2025). ======================================= Offset...

Published 16 May, 2025 03:06am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (May 15, 2025). ==================================== BR...

Published 16 May, 2025 03:06am

Revenue targets

EDITORIAL: Pakistan has been on an International Monetary Fund (IMF) programme since 2019 — a programme that was...

Published 16 May, 2025 03:06am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (May 15, 2025)...

Published 16 May, 2025 03:06am

Cotton & Textile

Less buying interest seen on cotton market

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

Published 16 May, 2025 03:06am

Commodities

Iron ore futures gain

BEIJING: Iron ore futures held near a five-week high on Thursday, boosted by improved demand outlook from the ...

Published 16 May, 2025 03:06am

Commodities

EU wheat rises after Chicago boost, strong demand supports

PARIS: European wheat prices edged higher on Thursday, supported by a rise in US markets, dry weather in northern...

Published 16 May, 2025 03:06am

Commodities

Asia rice: Rates subdued across top exporting hubs on weak demand, ample supply

BENGALURU/MUMBAI/BANGKOK/HANOI AND DHAKA: Rice export prices in major Asian hubs were subdued this week, weighed ...

Published 16 May, 2025 03:06am

Commodities

Chicago soybeans drop from 10-month highs

CHICAGO: Chicago soybean futures on Thursday plummeted from the previous session’s 10-month high, pressured by a...

Published 16 May, 2025 03:06am

Commodities

PMEX daily trading report

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

Published 16 May, 2025 03:06am

Commodities

Japanese rubber futures snap 10-day winning streak on trade uncertainty, supply outlook

SINGAPORE: Japanese rubber futures snapped a 10-day winning streak on Thursday, as market uncertainty surrounding...

Published 16 May, 2025 03:06am

Commodities

Malaysian palm oil futures weaker

JAKARTA: Malaysian palm oil futures dropped on Thursday, snapping four consecutive session of gains, as weakness in...

Published 16 May, 2025 03:06am

Commodities

Fading optimism over US-China tariff pause drives copper down

LONDON: Copper fell on Thursday as optimism about a 90-day pause agreed by Beijing and Washington on most of their...

Published 16 May, 2025 03:06am

Commodities

Gold steadies as dollar slips, investors await US data

NEW YORK: Gold prices erased early losses to steady on Thursday, helped by a weaker dollar and technical buying as...

Published 16 May, 2025 03:06am

Commodities

Gold prices dip

KARACHI: Gold prices continued to register a mammoth decline on Thursday reflecting global market downturn where...

Published 16 May, 2025 03:06am

The path forward: national reconciliation

EDITORIAL: If there was one thing that the conflict with India truly brought to the fore was the remarkable display...

Published 16 May, 2025 03:06am

Federal Budget: Aurangzeb holds virtual consultations with IMF

ISLAMABAD: Federal Finance Minister Senator Muhammad Aurangzeb reaffirmed Pakistan’s commitment to continue economic...

Updated 16 May, 2025 09:43am

Minister informs NA: Reko Diq project to generate over $75bn in free cash flows

ISLAMABAD: Federal Minister for Energy (Petroleum Division) Ali Pervaiz Malik said that Reko Diq Project will be the...

Updated 16 May, 2025 09:46am

Opposition in NA blocks govt’s Income Tax bill

ISLAMABAD: The opposition in the National Assembly blocked the government’s “The Income Tax (Amendment) Bill, 2024”...

Updated 16 May, 2025 08:59am

FBR may allow import of 5-year-old used vehicles

Presently, govt allows import of used cars up to 3 years old and SUVs up to 5 years under special schemes

Updated 16 May, 2025 02:30pm

Pakistan govt takes step towards agri sector reforms

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday instructed relevant authorities to formulate a long-term and...

Updated 16 May, 2025 02:30pm

Senate body approves Off-the-Grid (CPPs) Levy Bill, 2025

ISLAMABAD: Despite opposition from industries in Khyber Pakhtunkhwa, the Senate Standing Committee on Finance...

Updated 16 May, 2025 08:58am

Textile sector may return to costlier CPPs: PD’s PPP projections to Nepra draw sharp criticism

ISLAMABAD: The Power Division came under heavy criticism on Thursday for submitting what were termed unsubstantiated...

Updated 16 May, 2025 09:45am

SECP implements major enhancements to EMR

ISLAMABAD: As part of its continued effort to improve financial transparency and reduce the cost of doing business,...

Updated 16 May, 2025 09:45am

Judges transfer case: Withdrawal of IHCBA petition questioned

ISLAMABAD: Justice Shahid Bilal Hassan questioned why the Islamabad High Court Bar Association has withdrawn its...

Updated 16 May, 2025 08:58am

Pakistan urges probe into N-black market in India

ISLAMABAD: Pakistan has strongly condemned the remarks of Indian defence minister on its nuclear arsenal, made on...

Updated 16 May, 2025 09:43am

Aurangzeb assures NA: M-6 Motorway to be included in FY26 PSDP

ISLAMABAD: The federal government on Thursday reassured Pakistan People’s Party (PPP) – a key coalition partner –...

Updated 16 May, 2025 08:58am

Companies

Late payment surcharges: PAC dismisses PPL’s Rs1.2bn claim against Cnergyico Pk Ltd

ISLAMABAD: A sub-committee of Public Accounts Committee (PAC) has dismissed Pakistan Petroleum Limited (PPL)’s Rs...

Published 16 May, 2025 03:06am

Money & Banking

Asian currencies: South Korean won surges

BENGALURU: Emerging market assets were broadly steady on Thursday, following a rally earlier in the week, while...

Published 16 May, 2025 03:06am

Money & Banking

Dollar dips as retail sales growth slows

NEW YORK: The US dollar fell against the majority of its peers on Thursday after a flurry of economic data, ...

Published 16 May, 2025 03:06am

Money & Banking

Indian rupee weakens

MUMBAI: The Indian rupee fell on Thursday, weighed down by persistent interbank dollar demand, but pared losses ...

Published 16 May, 2025 03:06am

Industry

‘Frequent policy changes hindering industrial growth’

KARACHI: Syed Mazhar Ali Nasir, former Senior Vice President of the Federation of Pakistan Chambers of Commerce and...

Published 16 May, 2025 03:06am

Jazz posts 20.3pc revenue growth YoY in Q1

ISLAMABAD: Jazz, country’s leading digital operator and a part of the VEON Group, reported a 20.3 per cent...

Published 16 May, 2025 03:06am

Payoneer posts solid Q1 results

KARACHI: Payoneer, a global fintech leader empowering small and medium-sized businesses (SMBs) to expand globally,...

Published 16 May, 2025 03:06am

Companies

Deceptive marketing practices: CAT upholds CCP’s decision to penalise paint manufacturer

ISLAMABAD: The Competition Appellate Tribunal (CAT) has upheld the Competition Commission of Pakistan’s (CCP)...

Published 16 May, 2025 03:06am

Forex reserves up $131m to $15.614bn

KARACHI: Pakistan’s total liquid foreign exchange reserves rose by $131 million, reaching $15.614 billion as of ...

Published 16 May, 2025 03:06am

Taxes

BS-16 to 19 non-cadre officers: FBR body to analysis Performance Management Regime

ISLAMABAD: After a prolonged protest of thousands of tax officers across the country, the Federal Board of Revenue...

Published 16 May, 2025 03:06am

Rs2 cut in HSD price, petrol rate unchanged

KARACHI: The federal government on Thursday decided to keep the price of petrol unchanged at Rs252.63 per litre for...

Published 16 May, 2025 03:06am

Companies

Rehan appointed L’Oréal Pakistan CEO

KARACHI: L’Oréal Groupe, a global leader in beauty and innovation, has announced the appointment of Rehan Saeed ...

Published 16 May, 2025 03:06am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 16	285.03
USD PKR Interbank Buying / Jul 16	284.78
USD to Japanese Yen / Jul 16	148.86
USD to Swiss Franc / Jul 16	0.80
Pound Sterling to USD / Jul 16	1.34
Euro to USD / Jul 16	1.16
UK LIBOR % / Jul 15	4.96

Stock	Volume
S&P 500 / Jul 15	6,243.76
Nasdaq / Jul 15	20,677.80
Dow Jones / Jul 15	44,023.29
India Sensex / Jul 16	82,424.96
Tokyo Nikkei / Jul 16	39,663.40
Hang Seng / Jul 16	24,517.76
FTSE 100 / Jul 16	8,956.60
Germany DAX 30 / Jul 16	24,104
France CAC40 / Jul 16	7,768.80

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 15	16,585
Gold 10 Grams PKR / Jul 15	307,784
Crude Oil USD/Barrel / Jul 16	66.42
Gold Spot USD/Ounce / Jul 16	3,341.65
Cotton US¢/pound / Jul 16	68.41
Petrol/Litre / Jul 17	272.15
Diesel/Litre / Jul 17	284.35

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Jul 16 Trust Modaraba(TRSM)	8.72 ▲ 1 (12.95%)
Tariq Corp.Pref. / Jul 16 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.84 ▲ 0.84 (10.5%)
First Treet Manuf / Jul 16 First Treet Manufacturing Modaraba(FTMM)	20.41 ▲ 1.86 (10.03%)
F.Credit & Inv / Jul 16 First Credit and Investment Bank Limited(FCIBL)	20.19 ▲ 1.84 (10.03%)
Haseeb Waqas / Jul 16 Haseeb Waqas Sugar Mills Limited(HWQS)	26.03 ▲ 2.37 (10.02%)
Safe Mix Con.Lt / Jul 16 Safe Mix Concrete Limited(SMCPL)	26.93 ▲ 2.45 (10.01%)
EMCO Industries / Jul 16 Emco Industries Limited(EMCO)	54.03 ▲ 4.91 (10%)
D.M. Corporation / Jul 16 D.M. Corporation Limited(DMC)	49.60 ▲ 4.51 (10%)
PIA Holding Co.B / Jul 16 PIA Holding Company Limited B(PIAHCLB)	34,809.60 ▲ 3164.55 (10%)
Bunnys Limited / Jul 16 Bunnys Limited(BNL)	99.62 ▲ 9.06 (10%)

Stock	Price
East West Ins. / Jul 16 East West Insurance Company Limited(EWIC)	51.56 ▼ -5.73 (-10%)
Fazal Cloth / Jul 16 Fazal Cloth Mills Limited(FZCM)	345.50 ▼ -37.88 (-9.88%)
Mughal Energy / Jul 16 Mughal Energy Limited(GEM)(GEMMEL)	20 ▼ -2 (-9.09%)
Fateh Ind. / Jul 16 Fateh Industries Limited(FIL)	135.51 ▼ -13.04 (-8.78%)
National Silk / Jul 16 The National Silk & Rayon Mills Limited(NSRM)	131.05 ▼ -12.55 (-8.74%)
Shahtaj Sugar / Jul 16 Shahtaj Sugar Mills Limited(SHJS)	135.02 ▼ -12.31 (-8.36%)
Hafiz Ltd. / Jul 16 Hafiz Limited(HAFL)	320.52 ▼ -29.2 (-8.35%)
Pak Synthetics / Jul 16 Pakistan Synthetics Limited(PSYL)	64.65 ▼ -5.32 (-7.6%)
P.T.C.L. / Jul 16 Pakistan Telecommunication Company Ltd(PTC)	21.98 ▼ -1.71 (-7.22%)
Mehmood Tex / Jul 16 Mehmood Textile Mills Limited(MEHT)	385.26 ▼ -29.91 (-7.2%)

Stock	Volume
DH Partners / Jul 16 DH Partners Limited(DHPL)	32,446,015 ▲ 3.56
WorldCall Telecom / Jul 16 Worldcall Telecom Limited(WTL)	17,087,869 ▲ 0.01
P.T.C.L. / Jul 16 Pakistan Telecommunication Company Ltd(PTC)	15,091,859 ▼ -1.71
Thatta Cement / Jul 16 Thatta Cement Company Limited(THCCL)	10,349,584 ▲ 4.13
B.O.Punjab / Jul 16 The Bank of Punjab(BOP)	9,992,877 ▼ -0.09
Sui South Gas / Jul 16 Sui Southern Gas Company Limited(SSGC)	9,503,155 ▼ -1.12
K-Electric Ltd. / Jul 16 K-Electric Limited(KEL)	8,927,034 ▲ 0
Beco Steel Ltd / Jul 16 Beco Steel Limited(BECO)	8,230,822 ▲ 1.61
Pak Stock Exchange / Jul 16 Pakistan Stock Exchange Limited(PSX)	7,942,700 ▼ -0.26
Dewan Cement / Jul 16 Dewan Cement Limited(DCL)	7,520,945 ▼ -0.26

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