News Archives for Print - 2024-04-19

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Print - 2024-04-19

Poor nations: UN says solutions exist to rapidly ease debt burden

GENEVA: The heavy debt weighing on developing countries can be alleviated through readily available measures, the...

Published 19 Apr, 2024 05:07am

West sanctions Iran drones over attack

OCCUPIED JERUSALEM: Israel launched more deadly strikes on besieged Gaza on Thursday as Western governments unveiled...

Published 19 Apr, 2024 05:07am

South Asia

Voting begins in first phase of India’s election today

NEW DELHI: India begins voting in phases starting April 19 to elect a new parliament, the world’s largest election...

Published 19 Apr, 2024 05:07am

Africa

Kenya military chopper crash kills defence chief, senior officers

NAIROBI: Kenya’s defence chief and nine other top brass died on Thursday in a military helicopter crash in a ...

Published 19 Apr, 2024 05:07am

US to oppose Palestinian bid for full UN membership

UNITED NATIONS: The United States will on Thursday vote against a Palestinian request for full United Nations...

Published 19 Apr, 2024 05:07am

Trump’s hush money criminal trial loses two jurors

NEW YORK: The judge overseeing former US President Donald Trump’s criminal trial dismissed two jurors on Thursday,...

Published 19 Apr, 2024 05:07am

ICC Men’s T20 World Cup 2024 preparations begin

LAHORE: Pakistan on Thursday started their ICC Men’s T20 World Cup 2024 preparations at the Rawalpindi Cricket...

Published 19 Apr, 2024 05:07am

Middle East

Iran warns Israel against attacking nuclear sites

TEHRAN: A senior Revolutionary Guards general threatened on Thursday to target Israel’s “nuclear facilities” ...

Published 19 Apr, 2024 05:07am

UN chief warns Mideast on brink of ‘full-scale regional conflict’

UNITED NATIONS: UN Secretary-General Antonio Guterres on Thursday painted a dark picture of the situation in the...

Published 19 Apr, 2024 05:07am

Five Customs personnel martyred in D I Khan

ISLAMABAD: Five officials of the Directorate of Intelligence & Investigation Customs (Peshawar) embraced...

Published 19 Apr, 2024 05:07am

Intelligence agencies: SC urged to order investigation into IHC judges’ allegations

ISLAMABAD: The Supreme Court has been requested to pass an order to probe the Islamabad High Court (IHC) judges’...

Published 19 Apr, 2024 05:07am

Quetta, Gwadar submerged, roads washed away as stormy rains lash Balochistan

GWADAR: Continuous heavy rains have caused widespread destruction in Balochistan. Quetta and Gwadar submerged and...

Published 19 Apr, 2024 05:07am

Saudi Arabia had no role in PTI govt’s removal, says IK

ISLAMABAD: The incarcerated ex-prime minister and founding chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on...

Published 19 Apr, 2024 05:07am

Sydney mall attack: Australia mulls citizenship for Pakistani guard

SYDNEY: Australia’s prime minister said Thursday he will consider granting citizenship to a Pakistani security...

Published 19 Apr, 2024 05:07am

Trust land worth Rs40bn recovered: Sadal

LAHORE: Chairman One-Man Commission (OMC) Shoaib Sadal has said that Rs40 billion worth trust land has been ...

Published 19 Apr, 2024 05:07am

Success of Agripreneurs project: SCB, The British Asian Trust, partners celebrate

KARACHI: Standard Chartered Bank and The British Asian Trust, in collaboration with partners Shirakat and Sindh...

Published 19 Apr, 2024 05:07am

Politicians: Plea against attribution of buildings dismissed

LAHORE: The Lahore High Court on Thursday dismissed a petition being not maintainable filed against attribution of...

Published 19 Apr, 2024 05:07am

Int’l Layer Quality moot held: ‘Need for joint efforts to address poultry issues’

FAISALABAD: “It is need of the hour for the collaborated efforts to address the poultry issues including health,...

Published 19 Apr, 2024 05:07am

Mashreq announces three appointments

KARACHI: Mashreq Pakistan has announced appointments of Shamsulhaq Niaz as the Chief Digital Officer and Head of...

Published 19 Apr, 2024 05:07am

JI chief announces nationwide anti-govt protest movement

LAHORE: Jamaat-e-Islami chief Hafiz Naeem-ur-Rehman has declared a nationwide protest movement against the ...

Published 19 Apr, 2024 05:07am

Canal fed area: 0.3m acres of land will be made available to farmers under LIMS

LAHORE: The Land Information Management System (LIMS) managed by the federal government and Pakistan army is aimed ...

Published 19 Apr, 2024 05:07am

CS for expediting Jamshoro-Sehwan dual carriageway project

HYDERABAD: Chief Secretary Sindh Syed Asif Hyder Shah held another meeting here to review the construction of the...

Published 19 Apr, 2024 05:07am

COAS for advancing existing military cooperation with Turkiye

RAWALPINDI: Chief of the Turkish General Staff General Metin Gürak on Thursday met with General Syed Asim Munir,...

Published 19 Apr, 2024 05:07am

District, tehsil hospitals of Punjab: ChildLife Foundation launches innovative telemedicine network

LAHORE: Responding to the pressing need for accessible and high-quality emergency healthcare for the children in...

Published 19 Apr, 2024 05:07am

Bilawal condemns killing D I Khan incident

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari condemned the killing of six people ...

Published 19 Apr, 2024 05:07am

Ambassador of EU pays courtesy call on PM

ISLAMABAD: The Ambassador of the European Union (EU) paid a courtesy call on the Prime Minister on Thursday, said a...

Published 19 Apr, 2024 05:07am

Reference against Sindh CM: AC adjourns hearing of SNPC-I and SNPC-II reference

ISLAMABAD: The Accountability Court, on Thursday, adjourned the hearing of the Sindh Nooriabad Power Companies...

Published 19 Apr, 2024 05:07am

14-member Balochistan cabinet takes oath today

QUETTA: A-14 member Balochistan government spokesperson Shahid Rind said that a 14-member provincial cabinet will...

Published 19 Apr, 2024 05:07am

Torrential rains: PIA flight operations disrupted by closure of Dubai airport

KARACHI: Pakistan International Airlines (PIA) has experienced significant disruptions to its flight operations due...

Published 19 Apr, 2024 05:07am

Pakistan, African countries: Diplomats for active exploration of various collaboration areas

ISLAMABAD: Diplomats from Pakistan and various African nations on Thursday stressed the need for active exploration...

Published 19 Apr, 2024 05:07am

High-level talks with Chief of Turkish General Staff held

ISLAMABAD: General Metin Gürak, Chief of the Turkish General Staff, engaged in high-level discussions with ...

Published 19 Apr, 2024 05:07am

Case against KP CM: Court summons witnesses, adjourns hearing till today

ISLAMABAD: A local court, on Thursday, summoned witnesses in a case of possessing illegal weapons and liquor...

Published 19 Apr, 2024 05:07am

PTI leaders claim their protest forced Zardari to shorten his address

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) lawmakers on Thursday claimed that their strong protests inside the house...

Published 19 Apr, 2024 05:07am

Punjab CM inaugurates ‘Besakhi’ festival

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif visited Zero Line Kartarpur Sharif in Kheti Sahib to officially...

Published 19 Apr, 2024 05:07am

Health insurance being fine- tuned: minister

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif wants to pass on the real benefits of health insurance program to...

Published 19 Apr, 2024 05:07am

13 held for overpricing roti, naan in Lahore

LAHORE: In a stern move to ensure fair pricing for basic staples, authorities in Lahore have arrested 13 individuals...

Published 19 Apr, 2024 05:07am

HBL: Tekken 8 Women’s Gaming Tournament

LAHORE: Konnect by HBL expands its presence into the world of Esports with the launch of Tekken 8 Women’s Gaming...

Published 19 Apr, 2024 05:07am

Pakistan’s security high priority: Blome

ISLAMABAD: The United States has reaffirmed its commitment to working with the government and underscored that...

Published 19 Apr, 2024 05:07am

Japanese CG opens Fujiyama restaurant at Avari Towers

KARACHI: A special tasting event was held at Fujiyama, Pakistan’s first Japanese restaurant located at the Avari...

Published 19 Apr, 2024 05:07am

The Weather

KARACHI: The weather report on Thursday (April 18, 2024) and the forecast for Friday (April 19, 2024)...

Published 19 Apr, 2024 05:07am

Section 7E: Constitutional validity

Taxing immoveable property and taxing income arising from immoveable property are two different concepts. The former...

Published 19 Apr, 2024 05:07am

EFF programme, non-inflationary economic growth, and counter-cyclical policy approach

A recent ‘Transcript of Global Financial Stability Report April 2024 press briefing’, carried a rather very...

Published 19 Apr, 2024 05:07am

Rates

PSX closes on negative note

KARACHI: Pakistan Stock Exchange on Thursday witnessed mixed trend and after moving in both directions finally ...

Published 19 Apr, 2024 05:07am

Zardari’s address: Joint sitting of parliament drowned in din

ISLAMABAD: President Asif Ali Zardari, Thursday, addressed a joint sitting of Parliament amid the protest of...

Published 19 Apr, 2024 05:07am

President for joint efforts to steer country out of crises

ISLAMABAD: President Asif Ali Zardari on Thursday stressed the need to make joint efforts to steer the country out ...

Published 19 Apr, 2024 05:07am

PARTLY FACETIOUS: The letter ‘B’

“I want the letter B expunged from the English alphabet.” “Are you crazy! There are so many keywords that...

Published 19 Apr, 2024 05:07am

Energy

‘A resilient ESG strategy is no longer optional but a must’: KE CEO

KARACHI: “Businesses are aware of sustainability as a responsibility which must be integrated into their core...

Published 19 Apr, 2024 05:07am

Letters

The upcoming budget

According to a Business Recorder news item, Prime Minister Shehbaz Sharif has constituted an 11-member ministerial...

Published 19 Apr, 2024 05:07am

Ending hopium — III

The energy sector needs significant investment in refinery, petrochemical, oil and gas storages and transmission...

Published 19 Apr, 2024 05:07am

Stocks

Wall St ticks up on megacaps, earnings boost

NEW YORK: Wall Street’s main stock indexes gained on Thursday as investors cheered upbeat earnings across several...

Published 19 Apr, 2024 05:07am

Stocks

Industrials boost STOXX 600 as earnings season rolls in

PARIS: European shares rose on Thursday, boosted by industrials after Swiss engineering company ABB touched a record...

Published 19 Apr, 2024 05:07am

Stocks

China stocks track Asian markets higher

SHANGHAI: China stocks tracked other Asian markets higher on Thursday, as investors assessed US interest rate...

Published 19 Apr, 2024 05:07am

Stocks

Nikkei snaps losing streak as chip-sector stocks rebound

TOKYO: Japan’s Nikkei share average rose for the first time in four sessions on Thursday, as chip-sector shares...

Published 19 Apr, 2024 05:07am

Stocks

Indian shares extend fall as volatility rises before key earnings, elections

BENGALURU: Indian shares ended at four-week lows on Thursday, reversing intraday gains, as volatility spiked ahead ...

Published 19 Apr, 2024 05:07am

Rates

Activities of Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 105,209 tonnes of cargo comprising 96,148 tonnes of import cargo and 9,061...

Published 19 Apr, 2024 05:07am

Energy

Oil holds near 3-week low

NEW YORK: Oil prices held near a three-week low on Thursday as investors weighed robust US jobs data and sanctions ...

Published 19 Apr, 2024 05:07am

Rates

LME official prices

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

Published 19 Apr, 2024 05:07am

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 19 Apr, 2024 05:07am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (April 18, 2024). ========================== KIBOR...

Published 19 Apr, 2024 05:07am

Forex

Open market rates of foreign currencies

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

Published 19 Apr, 2024 05:07am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (April 18, 2024). ======================== Open Bid ...

Published 19 Apr, 2024 05:07am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (April 18, 2024)....

Published 19 Apr, 2024 05:07am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 18, 2024)....

Published 19 Apr, 2024 05:07am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (April 18, 2024)...

Published 19 Apr, 2024 05:07am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (April 18, 2024). ======================================= Offset...

Published 19 Apr, 2024 05:07am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (April 18, 2024). ==================================== BR...

Published 19 Apr, 2024 05:07am

Cotton & Textile

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Thursday (April 18, 2024) =========================== 6/S-7/S (COTTON)...

Published 19 Apr, 2024 05:07am

Minister rules out PKR devaluation

WASHINGTON: Finance Minister of Pakistan Muhammad Aurangzeb has ruled out any further significant rupee devaluation...

Updated 19 Apr, 2024 09:20am

Global investors apprised about upward forex trend

KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad has said that Pakistan’s external sector has stabilised...

Updated 19 Apr, 2024 09:02am

SBP’s reserves up $14.4m to $8.055bn

KARACHI: Despite repayment of dollar one billion external debt, the State Bank of Pakistan (SBP) successfully...

Updated 19 Apr, 2024 09:02am

Discos officials conniving with power thieves to face the music

ISLAMABAD: Minister for Power, Sardar Awais Ahmad Khan Leghari said on Thursday that Discos officials conniving with...

Updated 19 Apr, 2024 11:14pm

PM seeks urgent plan to revamp transmission system, Discos

ISLAMABAD: Prime Minister Shehbaz Sharif has sought a plan on a priority basis for improvement in the transmission...

Updated 19 Apr, 2024 09:01am

Taxes

FBR names officials for better FBR/PRAL liaison

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 25 focal persons in the field formations for...

Published 19 Apr, 2024 05:07am

Appellate Tribunal: FBR issues guidelines for implementation of orders

ISLAMABAD: The Federal Board of Revenue (FBR) has laid down guidelines for the field formations for implementation...

Updated 19 Apr, 2024 09:24am

Dar hints at resumption of Pakistan-India trade ties?

ISLAMABAD: Foreign Minister Ishaq Dar on Thursday said that a decision on the resumption of trade with India will be...

Updated 19 Apr, 2024 09:25am

PM forms body to probe Matiari Transmission Line underutilisation

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a committee headed by Minister for Petroleum Senator...

Updated 19 Apr, 2024 09:34am

Energy

SSGC continues to make inroads into gas theft cases

KARACHI: Sui Southern Gas Company (SSGC) continued to make inroads into gas theft cases through its regular raids in...

Published 19 Apr, 2024 05:07am

Energy

Industries, CNG stations in Sindh: SSGC’s 24-hour gas holiday

KARACHI: Sui Southern Gas Company (SSGC) has announced 24-hour gas holiday for industries including their power...

Published 19 Apr, 2024 05:07am

Energy

MPCL successfully drills, tests 3rd appraisal well in Ghazij

KARACHI: Mari Petroleum Company Limited (MPCL) has successfully drilled and tested the third appraisal well in the...

Published 19 Apr, 2024 05:07am

Commodities

Japanese rubber futures drop

BEIJING/SINGAPORE: Japanese rubber futures fell for a second session on Thursday, tracking lower physicals amid...

Published 19 Apr, 2024 05:07am

Commodities

Copper prices rally

LONDON: Copper prices climbed to the highest levels in 22 months on Thursday as funds extended their buying spree,...

Published 19 Apr, 2024 05:07am

Commodities

Iron ore extends gains on expectations

BEIJING: Iron ore futures rose for a second straight session on Thursday, underpinned by heightened expectations of...

Published 19 Apr, 2024 05:07am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 28.222...

Published 19 Apr, 2024 05:07am

Commodities

Gold surges as escalating ME tensions bolster demand

BENGALURU: Safe-haven gold gained on Thursday as persistent tensions in the Middle East added to the metal’s ...

Published 19 Apr, 2024 05:07am

Commodities

Malaysian palm oil lower

BEIJING: Malaysian palm oil futures fell for a fifth straight session on Thursday, pressured by expectations of...

Published 19 Apr, 2024 05:07am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (April 18, 2024)...

Published 19 Apr, 2024 05:07am

Cotton & Textile

Spot rate loses Rs8,00 per maund

LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Thursday decreased the spot rate by Rs...

Published 19 Apr, 2024 05:07am

The LSM decline

EDITORIAL: Large Scale Manufacturing (LSM) registered negative 0.51 percent growth July-February 2024 against the...

Published 19 Apr, 2024 05:07am

Uncovering ‘an inconvenient truth’

EDITORIAL: Even as the Supreme Court in its 2019 judgment on the 2017 Faizabad sit-in by the Tehreek-i-Labbaik...

Published 19 Apr, 2024 05:07am

IMF says ready to support, stresses need for reform

IMF's Middle East and Central Asia director says it is important to accelerate the reforms, double down on the structure of reforms in order to provide Pakistan with its full potential of growth

Updated 19 Apr, 2024 09:29am

Saudi business tycoons due shortly: PM

ISLAMABAD: Prime Minister Shehbaz Sharif has stated that renowned businessmen from Saudi Arabia will be visiting...

Updated 19 Apr, 2024 09:20am

Fund for hiring top-notch professionals: Aurangzeb asked to engage with corporate sector

ISLAMABAD: Prime Minister Shehbaz Sharif has directed Finance Minister Muhammad Aurangzeb to engage with the...

Updated 19 Apr, 2024 10:40am

Jul-Mar ’24: Textile group exports down 0.25pc to $12.44bn YoY

ISLAMABAD: The country’s textile group exports declined by around 0.25 percent during the first nine months...

Published 19 Apr, 2024 05:07am

FBR revises upward value of supply of CNG to consumers

Taxes

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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