Utility Stores Corporation (USC) has procured 10,000 metric tonnes of sugar at Rs141.20/kg, citing sources. Sources privy to the development said the Utility Stores Corporation procured the 40,000 metric tonnes of sugar from the tender of 45,000 metric tonnes issued. The sources said after adding the expenses the sugar will cost Rs156 to USC. The price of per kg sugar is fixed at Rs109 for the Benazir Income Support Programme (BISP) consumers, while the same is being sold at Rs155 per kg to the general public. Earlier, Federal Minister for Commerce, Jam Kamal Khan convened significant meetings with representatives from…
Author: Hasnain Abid Khanzada
KARACHI: After witnessing a bullish trend last week, the KSE-100 index of the Pakistan Stock Exchange (PSX) on Monday experienced a bearish trend, losing 258.34 points with a negative change of 0.34 percent, before closing at 75,084 points compared to the previous day’s close of 75,342.34 points. During intraday trade, the index showed a mixed trajectory, hitting a high of 75,618.49 points and a low of 74,734.24 points before settling at 75,084 points. A total of 375,359,048 shares valuing Rs 16,301 billion were traded during the day as compared to the 496,699,517 shares valuing Rs 17.631 billion the previous day.…
ISLAMABAD: Metro Bus Services were suspended on Monday owing to the Save Gaza March protest at Islamabad’s D-Chowk, citing sources. People who rely on the Metro buses for daily commute are facing hardships as a number of its stations have been shut as a precautionary measure due to scheduled protest in the evening. Currently, the Metro Bus Services are functional between Saddar Station to Faiz Ahmed Faiz Station. The services were closed at the request of Islamabad DC due to protest of Save Gaza March after the martyrdom of two of its workers. The Rawalpindi-Islamabad Metrobus is a 83.6 km…
ISLAMABAD: Pakistan has tabled its plan to International Monetary Fund (IMF) to reduce government expenditures by Rs300 billion in a year, which also includes a complete ban on development schemes, citing sources. Sources told ARY News that the plan aims to reduce expenditures in the next fiscal year, with the federal government not establishing any new universities and provinces funding varsity under their jurisdiction. In the next fiscal year, a contributory pension scheme is planned for all departments, except defence and police personnel. The scheme came as the global lender has asked the government to review its pension system. Sources…
KARACHI: The Pakistani Rupee on Monday lost 09 paise against the US dollar in interbank trading, closing at Rs 278.29 compared to the previous day’s close of Rs 278.20, citing SBP news release. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.6 and Rs 280.2, respectively. The Euro increased by 75 paise, closing at Rs 302.59 against the previous day’s Rs 301.84, according to the State Bank of Pakistan (SBP). The Japanese Yen remained unchanged at Rs 1.78, while the British Pound decreased by Rs…
Manchester City won an unprecedented fourth consecutive Premier League title on Sunday as Phil Foden’s double inspired a 3-1 victory over West Ham. No side in the history of the English top flight had ever won four successive titles, but City have become accustomed to rewriting the record books under Pep Guardiola. The Catalan coach has masterminded six Premier League wins in the past seven seasons. In four of those years, City have also surpassed 90 points. They were pushed this season to deny Arsenal a first title since 2003/04. The Gunners celebrated a 0-0 draw at the…
IMOLA: Max Verstappen held off a late charge by McLaren’s Lando Norris to win the Emilia Romagna Grand Prix by less than a second on Sunday. Red Bull’s triple Formula One world champion took the chequered flag just 0.725 of a second ahead of the man who beat him at the previous round in Miami and sensed he might snatch another. The win was Verstappen’s fifth in seven races this season, the 59th of his career and the third edition in a row at Imola. Last year’s race at the Italian circuit was cancelled due to heavy flooding. “I had…
LEEDS: Opener Danni Wyatt played a swashbuckling knock to help England women beat Pakistan by 34 runs in the third and final T20 International here at Headingley on Sunday. The win — which came off mainly due to Wyatt’s 87 off just 48 balls — gave the hosts a 3-0 series sweep. England comfortably won the series opener by 53 runs in Birmingham and followed it up with a stronger finish in the second game at Northampton where they outclassed the tourists by 65 runs. After electing to bat first at Headingley, England posted a solid 176 all out in…
SINGAPORE: British pharmaceutical giant AstraZeneca said Monday that it planned to build a $1.5 billion plant in Singapore to manufacture next-generation drugs to treat cancer. The facility, to be ready by 2029, will produce antibody-drug conjugates (ADCs), a promising type of treatment that attacks cancer cells without damaging the surrounding healthy ones, the company said in a statement. The facility will be AstraZeneca’s “first end-to-end ADC production site, fully incorporating all steps of the manufacturing process at a commercial scale”, the firm said. The investment has the support of the city-state’s Economic Development Board (EDB), the statement added, without disclosing…
ISLAMABAD: In a landmark development, a Nadra-owned company, in collaboration with National Radio and Telecommunication Corporation (NRTC), is set to unveil two cutting-edge indigenous biometric solutions at a conference in South Africa next week. The ID4D (Identification for Development) conference in Cape Town will see Nadra Technologies Limited (NTL) and NRTC showcasing their innovative All-in-One Indigenous Kit and advanced IRIS Scanner at a joint stall. The kit, developed by NTL and NRTC, represents a significant advancement in digital identity management. This portable, rugged device integrates multiple biometric authentication methods, making it an all-encompassing solution for secure identity verification.…
