News Archives for Print - 2024-06-05

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Print - 2024-06-05

The Weather

KARACHI: The weather report on Tuesday (June 04, 2024) and the forecast for Wednesday (June 05, 2024)...

Published 05 Jun, 2024 08:19am

Commodities

Dalian iron ore extends losses

BEIJING: Iron ore futures were mixed on Tuesday, with the Dalian benchmark extending losses amid lingering concerns...

Published 05 Jun, 2024 08:19am

Commodities

Copper dips below $10,000 as consolidation continues

LONDON: Copper prices dipped below the key mark of $10,000 a metric ton on Tuesday for the first time in three weeks...

Published 05 Jun, 2024 08:18am

Energy

Oil drops as OPEC+ decision spotlights shaky demand

HOUSTON: Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this...

Published 05 Jun, 2024 08:17am

Energy

US natural gas prices ease on forecasts for less demand

NEW YORK: US natural gas futures eased about 1% on Tuesday on forecasts for less demand over the next two weeks than...

Published 05 Jun, 2024 08:16am

Stocks

China, HK stocks climb on stimulus hope

HONG KONG: China stocks rebounded in the noon session on Tuesday as investors looked forward to an upcoming...

Published 05 Jun, 2024 08:14am

Stocks

Tokyo shares close lower

TOKYO: Tokyo shares closed lower on profit-taking Tuesday following falls in the US Dow index. The benchmark Nikkei...

Published 05 Jun, 2024 08:13am

Stocks

European shares snap three-day winning streak

PARIS: European shares slipped on Tuesday as falling commodity prices weighed on mining and energy stocks, though...

Published 05 Jun, 2024 08:10am

Stocks

Sri Lankan shares end higher

BENGALURU: Sri Lankan shares closed higher on Tuesday, boosted by gains in consumer staple and financial stocks. ...

Published 05 Jun, 2024 08:10am

Stocks

Wall Street slips in choppy trading

NEW YORK: US stock indexes inched lower on Tuesday after labor market data compounded worries about growing weakness...

Published 05 Jun, 2024 08:09am

Money & Banking

Most Asian currencies subdued

BENGALURU: Most Asian currencies drifted in a narrow range on Tuesday, as data from the world’s largest economy...

Published 05 Jun, 2024 08:06am

Money & Banking

Dollar rebounds from multi-month lows

NEW YORK: The US dollar rallied on Tuesday after falling overnight to its lowest against the euro, sterling and ...

Published 05 Jun, 2024 08:02am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (June 04, 2024). ========================== KIBOR...

Published 05 Jun, 2024 07:47am

Rates

LME official prices

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

Published 05 Jun, 2024 07:47am

Yarn Prices

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Tuesday (June 04, 2024) =========================== 6/S-7/S (COTTON)...

Published 05 Jun, 2024 07:47am

Banned outfits restricted from collecting animals’ hides

LAHORE: The Punjab government has imposed restriction on the banned organizations to collect sacrificial animal...

Updated 05 Jun, 2024 12:11pm

Iddat case: Court approves Bushra’s plea for suspension of sentence, early hearing

ISLAMABAD: A local court, on Tuesday, approved Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan’s wife Bushra...

Published 05 Jun, 2024 07:47am

FIFA World Cup 2026 Qualifier: PFF announces squad

LAHORE: The Pakistan Football Federation (PFF) announced the final national men’s squad for the upcoming FIFA ...

Published 05 Jun, 2024 07:47am

Turkey court loosens Erdogan’s grip on central bank

ANKARA: Turkey’s top court has annulled the president’s authority to sack central bank governors before their...

Published 05 Jun, 2024 07:47am

UN decries ‘unfathomable’ killings in West Bank since Oct 7

GENEVA: The UN rights chief on Tuesday demanded an end to violence in the occupied West Bank, saying it was...

Published 05 Jun, 2024 07:47am

Qatar says no ‘clear position’ from Israel on Gaza truce deal

DOHA: Mediator Qatar said Tuesday it was waiting for a “clear position” from Israel on a proposed Gaza ceasefire...

Published 05 Jun, 2024 07:47am

Intel unveils new chip tech in AI battle with Nvidia, AMD

TAIPEI: US chip titan Intel on Tuesday struck a defiant tone in the face of strong challenges from rivals Nvidia, ...

Published 05 Jun, 2024 07:47am

Europe

UK right-winger Farage doused with drink at election campaign launch

LONDON: Nigel Farage, new leader of Britain’s right-wing Reform Party and thorn in the side of the governing...

Published 05 Jun, 2024 07:47am

Anti-migrant thrust in Europe could have global knock-on effect: UN

GENEVA: If Europe takes a more anti-migrant stance following upcoming elections it could impact the willingness of...

Published 05 Jun, 2024 07:47am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (June 04, 2024). ==================================== BR...

Published 05 Jun, 2024 07:47am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (June 04, 2024). ======================================= Offset...

Published 05 Jun, 2024 07:47am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (June 04, 2024)...

Published 05 Jun, 2024 07:47am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 04, 2024)....

Published 05 Jun, 2024 07:47am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (June 04, 2024)....

Published 05 Jun, 2024 07:47am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (June 04, 2024). ======================== Open Bid Rs...

Published 05 Jun, 2024 07:47am

Forex

Open market rates of foreign currencies

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

Published 05 Jun, 2024 07:47am

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 05 Jun, 2024 07:47am

Court seeks arguments in 6 cases against IK

ISLAMABAD: A local court on Tuesday sought arguments on Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran ...

Published 05 Jun, 2024 07:47am

Unloaded excess weight: CS authorises PHP enforcement staff

LAHORE: Chief Secretary Punjab Zahid Akhtar Zaman accorded approval to authorize the enforcement staff of Punjab...

Published 05 Jun, 2024 07:47am

DG of I&I-IR, Hyderabad and Karachi busts network of tax fraudsters

HYDERABAD: As part of the national drive against tax crimes/frauds by the FBR, the Directorate General of...

Published 05 Jun, 2024 07:47am

FD revises upward IBC for HEC

ISLAMABAD: The Finance Division has upward revised the Indicative Budget Ceilings (IBC) for the Higher Education...

Published 05 Jun, 2024 07:47am

Funds demanded for merged tribal districts

ISLAMABAD: A coalition of six opposition political parties under the banner of Tehreek Tahafuz Ayin-e-Pakistan ...

Published 05 Jun, 2024 07:47am

Energy

KE Seeks Nepra’s guidance on FCA plea for April 2024

KARACHI: National Electric Power Regulatory Authority (NEPRA) has announced a public hearing on June 12, 2024, for...

Published 05 Jun, 2024 07:47am

PIPS hosts workshop on Parliamentary Proceedings & Budget Processes

ISLAMABAD: The Pakistan Institute for Parliamentary Services (PIPS) hosted a two-day workshop in Islamabad for...

Published 05 Jun, 2024 07:47am

PTI greets IHC verdict, reopening of party office

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Tuesday lauded the Islamabad High Court (IHC)’s decision to exonerate...

Published 05 Jun, 2024 07:47am

Russian embassy says ‘closely following’ developments

ISLAMABAD: In an unusual development, the Embassy of Russia in Islamabad on Tuesday stated that it is ‘closely...

Published 05 Jun, 2024 07:47am

SECP, ADB hold workshop

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), in collaboration with Asian Development Bank...

Published 05 Jun, 2024 07:47am

‘Zindagi Tamasha’ becomes first movie to premiere on TikTok

KARACHI: TikTok has announced a groundbreaking partnership with Khoosat Films, led by the director Sarmad Khoosat,...

Updated 05 Jun, 2024 01:49pm

Energy

Czech premier sees end of Russian oil dependence by mid-2025

PRAGUE: The Czech Republic will end its dependence on Russian oil by mid-2025 thanks to an expansion of the...

Published 05 Jun, 2024 07:47am

Patients in Capital facing serious problems: Three major govt hospitals have non-functional MRI machines

ISLAMABAD: Thousands of patients in the capital city are facing serious problems as three major government hospitals...

Published 05 Jun, 2024 07:47am

Bank Alfalah, WWF-Pakistan to plant mangroves in Balochistan

KARACHI: On the occasion of World Environment Day, Bank Alfalah, one of the largest commercial banks in Pakistan, in...

Published 05 Jun, 2024 07:47am

Commodities

Bumper production: CAP urges govt to allow export of wheat, by-products

KARACHI: Pakistani traders have formally requested the federal government to allow the export of wheat and wheat...

Published 05 Jun, 2024 07:47am

JI voices its concern over rise in crime

KARACHI: Jamaat-e-Islami (JI) on Tuesday cast its concerns over rising street crimes in the city, warning that the...

Published 05 Jun, 2024 07:47am

Hyderabad cylinder blast: Tessori gives financial assistance to families

HYDERABAD: Governor Sindh Kamran Tessori gave financial assistance to 60 families of the martyrs and injured in the...

Published 05 Jun, 2024 07:47am

Cotton & Textile

Little business on cotton market

LAHORE: The local cotton market remained bearish on Tuesday, with trading volume staying low. According to Cotton...

Published 05 Jun, 2024 07:47am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (June 04, 2024)...

Published 05 Jun, 2024 07:47am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 133,828 tonnes of cargo comprising 73,519 tonnes of import cargo and 73,519...

Published 05 Jun, 2024 07:47am

Commodities

Malaysian palm oil weaker

KUALA LUMPUR: Malaysian palm oil futures fell more than 3% on Tuesday as trading resumed after a public holiday, ...

Published 05 Jun, 2024 07:47am

Commodities

Gold falls as dollar bounces back

NEW YORK: Gold retreated 1% on Tuesday as the dollar firmed, while investors positioned for US jobs numbers this ...

Published 05 Jun, 2024 07:47am

Commodities

Japanese rubber futures drop

SINGAPORE: Japanese rubber futures lost more ground Tuesday as the market faced pressure from lower crude oil ...

Published 05 Jun, 2024 07:47am

Commodities

Chicago corn futures slide, wheat and soybeans steady

PARIS/JAKARTA: Chicago corn futures edged lower on Tuesday to hold near a six-week low after a government report...

Published 05 Jun, 2024 07:47am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR18.894 ...

Published 05 Jun, 2024 07:47am

APTMA demands restoration of ‘zero rating’, reduction in power tariffs and policy rate

LAHORE: Central Chairman All Pakistan Textile Mills Association (APTMA) Asif Inam has demanded reduction in power...

Published 05 Jun, 2024 07:47am

Money & Banking

UBL Currency Exchange launched

KARACHI: United Bank Limited (UBL) announced the official launch of UBL Currency Exchange, a wholly-owned subsidiary...

Published 05 Jun, 2024 07:47am

Companies

HBL and EXIM partner to boost SME exports

ISLAMABAD: HBL and EXIM (Export-Import Bank of Pakistan) signed a Memorandum of Understanding (MoU) to collaborate ...

Published 05 Jun, 2024 07:47am

May cement despatches rise 7.83pc YoY

LAHORE: Cement despatches increased by 7.83% in May 2024 as the total despatches were registered at 4.275 million...

Published 05 Jun, 2024 07:41am

FAPUASA holds rally against cut in higher education budget

LAHORE: On the call of the Federation of All Pakistan Universities Academic Staff Association (FAPUASA), a protest...

Published 05 Jun, 2024 07:38am

Clarification

LAHORE: This is aporpos a news item “GEPCO tender: local suppliers ‘knock out’ int’l bidder” carried by ...

Published 05 Jun, 2024 07:38am

Retired judges as ETs: Judge recuses himself, saying has already passed an order in similar matter

LAHORE: Justice Shahid Karim of the Lahore High Court on Tuesday recused from a petition challenging a Presidential...

Published 05 Jun, 2024 07:32am

Registration process for ‘Kisan Card’ begins: Steps being taken to increase agri productivity: CM

LAHORE: Expressing her firm resolve to bring ease and prosperity in the lives of the farmers, Chief Minister Punjab...

Published 05 Jun, 2024 07:28am

No one allowed to sell poison in name of milk: minister

LAHORE: Punjab Food Minister Bilal Yasin said on Tuesday that Pakistan’s dairy sector has immense potential for...

Published 05 Jun, 2024 07:25am

Qatari diplomat calls on Maryam

LAHORE: The Ambassador of Qatar to Pakistan, Ali Bin Mubarak Al Khatar called on Punjab Chief Minister Maryam Nawaz...

Published 05 Jun, 2024 07:22am

Pakistan one of the most vulnerable countries to climate change: Zardari

ISLAMABAD: President Asif Ali Zardari said Pakistan is among the few countries that have been most affected by the...

Published 05 Jun, 2024 07:22am

Economic uplift: US envoy highlights steel sector’s importance

KARACHI: The US envoy visited National Steel Complex Limited (NSCL) at Bin Qasim and highlighted the steel sector’s...

Published 05 Jun, 2024 07:21am

Medical expert says prevalence of hearing loss quite high in Pakistan

FAISALABAD: First successful bilateral cochlear implant has been conducted in Ganga Ram Hospital. This implant has...

Published 05 Jun, 2024 07:18am

Business operations to become infeasible if higher FED rates continue: LUMS

ISLAMABAD: A new study by the Lahore University of Management Sciences (LUMS) cautioned that the business operations...

Published 05 Jun, 2024 07:08am

Energy

Petroleum dealers reject plans aimed at selling diesel on roads thru DDTs

KARACHI: The petroleum dealers have strongly opposed the plan to sell diesel on roads through Doorstep Delivery...

Published 05 Jun, 2024 07:08am

ATC rejects Farhad’s post-arrest bail plea

MUZAFFARABAD: The anti-terrorism court in Muzaffarabad has rejected the post-arrest bail plea of Ahmed Farhad, a ...

Published 05 Jun, 2024 07:08am

Money & Banking

U Bank inaugurates its first Islamic Banking Window in Karachi

KARACHI: U Microfinance Bank (U Bank) has inaugurated its first Islamic Banking Window in its branch in Karachi. ...

Published 05 Jun, 2024 07:04am

Letters

Generation restoration: opportunities for universities

The Aga Khan University, Karachi “Life on Land,” the focus of the United Nations’ Sustainable Development ...

Published 05 Jun, 2024 06:44am

Another non-starter?

EDITORIAL: It’s becoming increasingly clear that US President Joe Biden was perhaps the only person who thought ...

Published 05 Jun, 2024 06:44am

Is inflation finally easing?

EDITORIAL: Pakistan Bureau of Statistics (PBS) estimated the Consumer Price Index (CPI) at 11.8 percent in May,...

Published 05 Jun, 2024 06:44am

Clash of share values versus human values

It is a classic story. It is the good versus evil history. It is a fantasy. It is a script for a feel good movie. We...

Published 05 Jun, 2024 06:44am

Sustainable wheat crop: strategies

The recent wheat crisis in Pakistan can be attributed to two primary factors. Firstly, the Punjab government ...

Published 05 Jun, 2024 06:44am

By-polls on PP-32: ECP reserves verdict on Elahi’s plea

ISLAMABAD: The Election Commission of Pakistan (ECP) on Tuesday reserved its verdict on a petition filed by ...

Published 05 Jun, 2024 06:41am

FBATI condemns killing of trader

KARACHI: Federal B Area Association of Trade and Industrialists (FBATI), on behalf of the businessmen community,...

Published 05 Jun, 2024 06:41am

IHC orders de-sealing of PTI’s central secretariat

ISLAMABAD: The Islamabad High Court (IHC), Tuesday, ordered to de-seal the Pakistan Tehreek-e-Insaf (PTI)’s ...

Published 05 Jun, 2024 06:41am

Vawda urges SC to withdraw show-cause notice

ISLAMABAD: Senator Faisal Vawda has prayed before the Supreme Court to withdraw the show-cause notice issued for...

Published 05 Jun, 2024 06:41am

PARTLY FACETIOUS: Miftah Ismail is the new Shabbar Zaidi?

“Prime Minister and his band of merry cabinet members are off to China and I think this may be an appropriate time...

Published 05 Jun, 2024 06:41am

Bilawal expresses grief over loss of lives

ISLAMABAD: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari expressed grief over the deaths of miners...

Published 05 Jun, 2024 06:41am

SC will not go for ‘creative interpretation’ of Article 51: CJP

ISLAMABAD: Chief Justice Qazi Faez Isa made it clear that the Supreme Court will not go for “creative...

Published 05 Jun, 2024 06:41am

Pakistan envoy for enhancing ties with Oman

ISLAMABAD: Pakistan’s Ambassador to Oman Ali Imran Chaudhry has underscored the importance of addressing strategic...

Published 05 Jun, 2024 06:41am

Balochistan govt lodges FIR against mine owner for negligence

QUETTA: Balochistan government on Tuesday ordered to lodge First Information Report against the mine owner for his...

Published 05 Jun, 2024 06:41am

Industry

Geo-distributed firms face information security challenges: Kaspersky

ISLAMABAD: A global cyber security company has asked Pakistani companies to apply solutions that enable centralized...

Updated 05 Jun, 2024 06:35pm

May Petroleum products sales up 7pc to 1.39 MT YoY

KARACHI: The sales of petroleum products in the country increased by 07 percent on year-on-year and 26 percent on...

Published 05 Jun, 2024 06:37am

Devastating floods in 2022: Pakistan has received $2.8bn so far: minister

ISLAMABAD: Pakistan has so far received $ 2.8 billion out of $ 10.987 billion pledges made at the International...

Published 05 Jun, 2024 06:28am

FBR asked to review banks’ withholding regime

Taxes

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	281.78
USD PKR Interbank Buying / May 14	281.68
USD to Japanese Yen / May 14	146.04
USD to Swiss Franc / May 14	0.84
Pound Sterling to USD / May 14	1.33
Euro to USD / May 14	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
India Sensex / May 14	81,330.56
Tokyo Nikkei / May 14	37,705.74
Nasdaq / May 14	19,146.81
Hang Seng / May 14	23,574.72
FTSE 100 / May 14	8,585.01
Dow Jones / May 14	42,051.06
Germany DAX 30 / May 14	23,527.01
France CAC40 / May 14	7,836.79

Item	Value
Crude Oil USD/Barrel / May 14	61.91
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Gold Spot USD/Ounce / May 14	3,152.57
Cotton US¢/pound / May 14	65.37
Petrol/Litre / May 15	252.63
Diesel/Litre / May 15	256.64

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.06 ▲ 0.45 (17.24%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.68 ▲ 0.44 (13.58%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
Saif Textile / May 15 Saif Textile Mills Limited(SAIF)	9.76 ▲ 1 (11.42%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
Sana Ind / May 15 Sana Industries Limited(SNAI)	25.81 ▲ 2.35 (10.02%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
AN Textile Mills / May 15 AN Textile Mills Limited(ANTM)	11.87 ▲ 1.08 (10.01%)
Arctic Textile / May 15 Arctic Textile Mills Limited(ARCTM)	23.63 ▲ 2.15 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)

Stock	Price
Tariq Corp.Pref. / May 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.11 ▼ -1 (-12.33%)
Baba Farid Sugar / May 15 Baba Farid Sugar Mills Limited(BAFS)	52.60 ▼ -5.83 (-9.98%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	9.86 ▼ -1.09 (-9.95%)
TPL Life Insur. / May 15 TPL Life Insurance Limited(TPLL)	46.80 ▼ -4.5 (-8.77%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	8.06 ▼ -0.77 (-8.72%)
Tri-Star Mutual / May 15 Tri-Star Mutual Fund Limited(TSMF)	8.06 ▼ -0.74 (-8.41%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	27.12 ▼ -2.17 (-7.41%)
Sanghar Sugar / May 15 Sanghar Sugar Mills Limited(SANSM)	55.53 ▼ -4.41 (-7.36%)
Quetta Textile / May 15 Quetta Textile Mills Limited(QUET)	11.25 ▼ -0.89 (-7.33%)
Askari Life Assur. / May 15 Askari Life Assurance Company Limited(ALAC)	4.63 ▼ -0.35 (-7.03%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	35,562,772 ▲ 1.67
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	32,956,658 ▲ 0.19
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	31,708,969 ▲ 0.27
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	23,786,795 ▲ 3.01
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	17,993,484 ▲ 0.2
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	17,174,683 ▲ 0.68
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	15,745,672 ▲ 0.12
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	13,148,178 ▲ 2.01
B.O.Punjab / May 15 The Bank of Punjab(BOP)	12,296,975 ▲ 0.14
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	10,826,031 ▲ 3.58

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