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European Commission

EU, UAE pledge to rally support for renewable energy goals

BRUSSELS: The European Commission and the United Arab Emirates’ presidency of this year’s COP28 climate summit...

Published 07 Jun, 2023 07:41pm

World

Twitter quits EU disinformation code

BRUSSELS: Twitter has decided to leave the EU’s disinformation code, a voluntary pact that groups together the major...

Published 27 May, 2023 12:59pm

Markets

Miners, tech lift European shares from eight-week lows

European shares climbed on Friday, boosted by mining and technology sectors, although the main benchmarks were on...

Published 26 May, 2023 12:43pm

World

EU defends split with UK on Microsoft, Activision Blizzard bid

BRUSSELS: The EU anti-trust chief on Thursday defended the bloc’s decision to approve Microsoft’s $69-billion...

Published 26 May, 2023 06:48am

World

EU chief von der Leyen to visit Kyiv on Tuesday

BRUSSELS: European Commission head Ursula von der Leyen will visit Kyiv on Tuesday for talks with Ukraine’s...

Published 08 May, 2023 03:46pm

World

EU to unveil reforms for cheaper drugs

BRUSSELS: The EU on Wednesday is to unveil a long-awaited proposed reform of legislation governing pharmaceutical...

Published 26 Apr, 2023 10:42am

World

Von der Leyen, Macron to meet in Paris ahead of China trip

BRUSSELS: European Commission President Ursula von der Leyen will meet with French President Emmanuel Macron for a...

Published 03 Apr, 2023 11:52am

World

Rush for golden visas after Portugal’s decision to end much-criticised scheme

LISBON: Portugal’s plan to end its golden visa scheme for investors, yet to be officially approved, has led to a...

Published 31 Mar, 2023 06:45am

Business & Finance

Experts weigh in as EU removes Pakistan from list of high-risk third countries

Analysts say development will not have immediate impact but could benefit Pakistan in the long-term

Updated 29 Mar, 2023 08:35pm

High Risk Third Countries: EU Commission removes Pakistan from ‘list’

KARACHI: The European Commission has removed Pakistan from the List of High Risk Third Countries, which have...

Updated 29 Mar, 2023 09:04am

World

AI vs EU: ChatGPT shakes up Brussels plans for regulation

BRUSSELS: How do you protect people using new technology when it can radically change from one day to the next?...

Published 22 Mar, 2023 10:57am

Business & Finance

EU ready to accept countries’ own fiscal tightening goals for 2024

BRUSSELS: The European Commission said on Wednesday it would back any fiscal tightening goals for 2024 by EU...

Published 13 Mar, 2023 06:15am

Technology

Tech-sponsored study criticises plan to exclude non-EU cloud vendors

BRUSSELS: A proposed European Union cloud security label that could exclude Amazon, Alphabet’s Google, Microsoft and...

Published 06 Mar, 2023 10:52am

World

Hopes of deal on North Ireland protocol as EU chief to meet UK PM

LONDON: The prospect of a deal on post-Brexit trading arrangements in Northern Ireland appeared tantalisingly close...

Published 27 Feb, 2023 11:46am

World

EU agrees new sanctions over Russia’s war in Ukraine

BRUSSELS: The EU agreed a new round of sanctions over Russia’s war in Ukraine on Friday, the one-year anniversary of...

Published 25 Feb, 2023 11:52am

World

European Commission bans TikTok on official devices

BRUSSELS: The European Commission has banned TikTok on official devices used by staff amid concerns over data...

Published 23 Feb, 2023 05:09pm

World

EU to sanction Iran entities involved in Russian war in Ukraine: Von der Leyen

BRUSSELS: European Commission President Ursula von der Leyen said on Wednesday the EU will propose sanctions...

Published 15 Feb, 2023 02:14pm

World

EU lifts growth forecast as eurozone skirts recession

BRUSSELS: Europe’s economy will grow more than previously forecast this year as it avoids a winter recession, with...

Published 14 Feb, 2023 07:03am

World

Countries warn EU against ‘crisis mode’ overhaul of energy market

BRUSSELS: Denmark, Germany, the Netherlands, Estonia, Finland, Luxembourg and Latvia have warned Brussels not to...

Published 13 Feb, 2023 01:29pm

World

EU recycles investment plans to counter US green subsidies

BRUSSELS: Confronted by competition from Washington’s vast green tech investment plan, European leaders are...

Published 09 Feb, 2023 10:28am

World

Hopes fade as Turkiye-Syria quake toll at 17,500

BAB AL-HAWA BORDER CROSSING: Hopes were fading Thursday for rescuing survivors of the earthquake in Turkiye and...

Updated 09 Feb, 2023 05:22pm

World

EU chief arrives in Kyiv, says bloc ‘stands by Ukraine’

KYIV: European Commission chief Ursula von der Leyen said she had arrived in Kyiv with a team of commissioners on...

Published 02 Feb, 2023 01:45pm

Markets

Dollar plunges as Fed says disinflation now in play

SINGAPORE: The dollar tumbled on Thursday after the US Federal Reserve said it had turned a corner in the fight...

Published 02 Feb, 2023 09:30am

Markets

Oil steady as Russian oil products ban looms, dollar falls

LONDON: Oil prices were steady on Thursday as looming sanctions on Russian oil products added uncertainty over...

Updated 02 Feb, 2023 08:45pm

World

EU unveils plan to counter US green subsidies, China competition

BRUSSELS: The EU on Wednesday unveiled proposals to counter the threat to European industry from US green subsidies...

Updated 01 Feb, 2023 06:19pm

Markets

EU 2022/23 soft wheat exports at 18.14m tonnes

PARIS: Soft wheat exports from the European Union in the 2022/23 season that started in July had reached 18.14...

Published 25 Jan, 2023 06:25am

Technology

TikTok CEO to meet EU antitrust chief Vestager on Tuesday

BRUSSELS: TikTok Chief Executive Shou Zi Chew will meet the European Union’s antitrust chief Margrethe Vestager in...

Published 06 Jan, 2023 07:19pm

Markets

EU 2022/23 soft wheat exports up

PARIS: European Union soft wheat exports in the 2022/23 season that started in July had reached 16.71 million tonnes...

Published 04 Jan, 2023 06:02am

World

EU ‘welcomes’ access in US green subsidies

WASHINGTON: The European Commission said Thursday it “welcomes” US guidelines on a green subsidy scheme for...

Published 30 Dec, 2022 12:15pm

Business & Finance

Exxon sues EU in move to block new windfall tax on oil companies

NEW YORK: US oil major Exxon Mobil Corp is suing the European Union in a bid to force it to scrap the bloc’s new...

Updated 30 Dec, 2022 08:42am

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Jun 9 Security Investment Bank Limited(SIBL)	5.03 ▲ 1.00 (24.81%)
Zephyr Textile / Jun 9 Zephyr Textiles Limited(ZTL)	9.98 ▲ 0.98 (10.89%)
Haseeb Waqas / Jun 9 Haseeb Waqas Sugar Mills Limited(HWQS)	5.50 ▲ 0.53 (10.66%)
Hussain Industries / Jun 9 Husein Industries Limited(HUSI)	12.55 ▲ 1.00 (8.66%)
Kohinoor Mills / Jun 9 Kohinoor Mills Limited(KML)	52.68 ▲ 3.68 (7.51%)
Colgate Palm / Jun 9 Colgate-Palmolive (Pakistan) Limited(COLG)	1801.55 ▲ 125.69 (7.50%)
Gatron Ind. / Jun 9 Gatron (Industries) Limited(GATI)	281.39 ▲ 19.63 (7.50%)
Khyber Tobacco / Jun 9 Khyber Tobacco Company Limited(KHTC)	489.02 ▲ 34.12 (7.50%)
Sunrays Textile / Jun 9 Sunrays Textile Mills Limited(SUTM)	123.63 ▲ 8.63 (7.50%)
Bunnys Limited / Jun 9 Bunnys Limited(BNL)	16.23 ▲ 1.13 (7.48%)

Stock	Price
Century Paper / Jun 9 Century Paper & Board Mills Limited(CEPB)	30.86 ▼ -24.67 (-44.43%)
Mod. Al-Mali (R) / Jun 9 Modaraba Al-Mali R(MODAMR1)	0.47 ▼ -0.13 (-21.67%)
Sindh Modaraba / Jun 9 Sindh Modaraba(SINDM)	7.20 ▼ -1.00 (-12.20%)
Pak Gulf Leasing / Jun 9 Pak-Gulf Leasing Company Limited(PGLC)	6.55 ▼ -0.84 (-11.37%)
PICIC Ins.Ltd. / Jun 9 PICIC Insurance Limited(PIL)	0.59 ▼ -0.06 (-9.23%)
P.I.A.C.(A) / Jun 9 Pakistan International Airlines Corp(PIAA)	3.53 ▼ -0.35 (-9.02%)
TPL Corp Ltd / Jun 9 TPL Corp Limited(TPL)	5.65 ▼ -0.55 (-8.87%)
JDW Sugar / Jun 9 JDW Sugar Mills Limited(JDWS)	370 ▼ -34.00 (-8.42%)
Bilal Fibres / Jun 9 Bilal Fibres Limited(BILF)	2.25 ▼ -0.19 (-7.79%)
Pak Leather / Jun 9 Pak Leather Crafts Limited(PAKL)	13.18 ▼ -1.07 (-7.51%)

Stock	Volume
WorldCall Telecom / Jun 9 Worldcall Telecom Limited(WTL)	79,599,537 ▼ -0.04
Unity Foods Ltd / Jun 9 Unity Foods Limited(UNITY)	28,717,723 ▲ 0.73
Telecard Limited / Jun 9 Telecard Limited(TELE)	16,584,665 ▼ -0.31
Pak Int.Bulk / Jun 9 Pakistan International Bulk Terminal(PIBTL)	15,416,500 ▼ -0.18
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	15,277,141 ▼ -0.20
Pak Refinery / Jun 9 Pakistan Refinery Limited(PRL)	11,614,238 ▼ -0.31
Bankislami Pak. / Jun 9 BankIslami Pakistan Limited(BIPL)	11,156,759 ▼ -0.48
TRG Pak Ltd / Jun 9 TRG Pakistan Limited(TRG)	9,934,796 ▼ -4.26
Fauji Foods Ltd / Jun 9 Fauji Foods Limited(FFL)	9,822,229 ▼ -0.11
P.I.A.C.(A) / Jun 9 Pakistan International Airlines Corp(PIAA)	8,850,000 ▼ -0.35

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 8	287.32
USD PKR Interbank Buying / Jun 8	287.12
USD to Japanese Yen / Jun 8	139.76
USD to Swiss Franc / Jun 8	0.91
Pound Sterling to USD / Jun 8	1.24
Euro to USD / Jun 8	1.07
UK LIBOR % / Jun 7	5.07

Stock	Volume
S&P 500 / Jun 7	4267.52
Nasdaq / Jun 7	13104.89
Dow Jones / Jun 7	33665.02
India Sensex / Jun 8	63203.02
Tokyo Nikkei / Jun 8	31605.11
Hang Seng / Jun 8	19177.52
FTSE 100 / Jun 8	7612.23
Germany DAX 30 / Jun 8	15994.38
France CAC40 / Jun 8	7222.68

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 7	20235
Gold 10 Grams PKR / Jun 7	194873
Crude Oil USD/Barrel / Jun 8	72.32
Gold Spot USD/Ounce / Jun 8	1946.62
Cotton US¢/pound / Jun 8	81.37

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