News Archives for Latest - 2024-03-06

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Archive - 2024-03-06

Europe

Russia hits Ukraine’s port of Odesa during Zelenskiy and Greek PM visit

ODESA: Ukrainian President Volodymyr Zelenskiy and Greek Prime Minister Kyriakos Mitsotakis were visiting the Black...

Published 06 Mar, 2024 11:56pm

World

Bulk carrier hit by missile from Yemen, crew says two dead: US official

WASHINGTON: A missile fired by Yemen’s Houthi rebels hit a bulk carrier in the Gulf of Aden on Wednesday, with the...

Published 06 Mar, 2024 10:49pm

Pakistan

Forms-45 published on ECP website ‘tampered’ with: PTI

The Pakistan Tehreek-e-Insaf (PTI) alleged on Wednesday that the Forms-45, which were uploaded on the Election...

Published 06 Mar, 2024 10:17pm

Pakistan

Imran Khan endorses Corps Commanders’ statement on May 9 riots probe

Claims that by denying PTI access to reserved seats ECP weakened democracy

Published 06 Mar, 2024 09:51pm

South Asia

India opens new naval base near Maldives amid tense ties and with eye on Beijing

NEW DELHI: India on Wednesday opened a new naval base on its Indian Ocean island close to the Maldives, as ties with...

Published 06 Mar, 2024 09:30pm

USA

US job openings fall marginally in January

WASHINGTON: U.S. job openings fell marginally in January, while hiring declined as labor market conditions continue...

Published 06 Mar, 2024 09:19pm

Stocks

Profit-taking erases KSE-100’s intra-day gains

Pakistan stocks surrendered their earlier gains at close on Wednesday amid final-hour profit-taking as the benchmark...

Updated 06 Mar, 2024 09:12pm

Money & Banking

Bank of Canada keeps rates on hold, says too early to consider a cut

OTTAWA: The Bank of Canada (BoC) kept its key overnight rate steady at 5% on Wednesday as expected and said it was...

Published 06 Mar, 2024 09:07pm

USA

Nikki Haley ends US presidential election campaign

WASHINGTON: Republican former UN ambassador Nikki Haley suspended her White House campaign Wednesday, declining to...

Published 06 Mar, 2024 09:06pm

Business & Finance

IMF approves $5bn increase to Egypt loan: officials

CAIRO: Egypt signed a deal with the International Monetary Fund to increase an initial $3 billion loan package to $8...

Published 06 Mar, 2024 08:46pm

Forex

Rupee falls marginally against US dollar

Currency settles at 279.35 against US dollar in inter-bank market

Updated 06 Mar, 2024 08:35pm

Stocks

US stocks bounce after prior session’s tumble

NEW YORK: Wall Street stocks climbed early Wednesday, bouncing back from the prior session’s drop, as the market...

Published 06 Mar, 2024 08:09pm

Pakistan

15-member Khyber Pakhtunkhwa cabinet takes oath

Governor KP Haji Ghulam Ali administers oath to cabinet members

Published 06 Mar, 2024 08:06pm

Sports

Bangladesh restrict Sri Lanka to 165-5 in second T20

SYLHET: Kamindu Mendis top-scored with 37 as Sri Lanka posted 165-5 in the second Twenty20 against Bangladesh in...

Published 06 Mar, 2024 07:46pm

Pakistan

PM Shehbaz discusses security issues with COAS Munir

Prime Minister Shehbaz Sharif discussed security and professional issues with Chief of Army Staff General (COAS)...

Updated 06 Mar, 2024 07:01pm

USA

Trump hails Super Tuesday wins as Haley to drop out

WASHINGTON: Donald Trump marched towards a White House rematch with President Joe Biden in November as his final...

Updated 06 Mar, 2024 07:00pm

Pakistan

COAS Munir attends unveiling ceremony of indigenously built HAIDER tank

The tank is crafted with state-of-the-art advanced technologies

Published 06 Mar, 2024 06:59pm

Money & Banking

US Fed’s progress against inflation ‘not assured’: Powell

Economic outlook is uncertain, and ongoing progress toward our two percent inflation objective is not assured, says Fed chief

Published 06 Mar, 2024 06:49pm

Companies

Saudi Aramco, UAE’s ADNOC in talks to invest in US LNG projects, sources say

LONDON: Gulf oil giants Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are in talks to invest in U.S....

Published 06 Mar, 2024 06:35pm

Stocks

European stocks rise before UK budget, ECB rate call

LONDON: European and Asian stock markets mostly rose Wednesday before a UK budget and Fed testimony and on the eve...

Updated 06 Mar, 2024 06:34pm

Stocks

Gulf markets mixed ahead of key Fed Powell testimony

Stock markets in the Gulf ended mixed on Wednesday, ahead of Federal Reserve Chair Jerome Powell’s congressional...

Published 06 Mar, 2024 06:30pm

Europe

IAEA warns against restarting Ukraine nuclear plant

SOCHI: The International Atomic Energy Agency (IAEA) has cautioned Russia against restarting the Zaporizhzhia...

Published 06 Mar, 2024 06:07pm

Technology

Apple tweaks changes to comply with EU tech rules after criticism

BRUSSELS: Apple has modified some of its proposals to comply with landmark EU tech rules after criticism from app...

Published 06 Mar, 2024 05:50pm

Pakistan

Zulfikar Ali Bhutto did not get a fair trial, SC rules

Says apex court cannot reappraise the evidence and undo the decision of the case

Updated 06 Mar, 2024 05:47pm

Pakistan

Induction of Punjab cabinet: Governor administers oath to 18 members

Punjab CM Maryam Nawaz participates in the ceremony held at the Governor's House in Lahore

Updated 06 Mar, 2024 05:45pm

Stocks

India’s Nifty, Sensex resume rally to record highs; small-, mid-caps slide

BENGALURU: India’s blue-chip indexes, Nifty 50 and Sensex hit fresh all-time highs on Wednesday, led by financials,...

Published 06 Mar, 2024 05:36pm

Stocks

Sri Lanka shares end higher as financials, consumer staples rise

CSE All-Share index settled 0.37% higher at 10,881.72

Published 06 Mar, 2024 05:32pm

Commodities

Copper rises on weaker dollar, lower stocks; nickel falls on improved supply

LONDON: Copper prices rose in London on Wednesday as a weaker dollar and declining exchange stockpiles provided...

Published 06 Mar, 2024 05:30pm

Commodities

Palm oil rises to more than seven-month high on supply tightness, demand optimism

SINGAPORE: Malaysian palm oil futures rose for a second consecutive session to a more than seven-month high on...

Published 06 Mar, 2024 05:27pm

Sports

Stokes says England ‘progressed’ despite India series loss

DHARAMSALA: England captain Ben Stokes said Wednesday his team had “progressed” during their tough tour of India,...

Published 06 Mar, 2024 05:20pm

Sports

India’s Rohit says England Tests made him better captain

DHARAMSALA: India’s Rohit Sharma said Wednesday he had become a better captain over the hard-fought series against...

Published 06 Mar, 2024 05:13pm

Pakistan

PM Shehbaz orders relief and rehabilitation measures in rain-affected KP

Prime Minister Shehbaz Sharif on Wednesday directed to take all possible measures for the relief and rehabilitation...

Published 06 Mar, 2024 04:58pm

Energy

Turnaround: after loss-making 2022, Shell Pakistan posts Rs6.2bn profit in 2023

Shell Pakistan Limited (SPL), a subsidiary of Shell Petroleum Company Limited, registered profit-after-tax of Rs6.21...

Updated 06 Mar, 2024 04:54pm

Movies & Music

‘Luckiest’ Oppenheimer biographer rooting for Oscar wins

LOS ANGELES: Kai Bird has just returned from the Jaipur literature festival, where he signed countless copies of his...

Published 06 Mar, 2024 04:08pm

Pakistan

PHC bars oath-taking of lawmakers on reserved seats till Thursday

The Peshawar High Court (PHC) barred on Wednesday lawmakers on reserved seats from taking oath until Thursday, Aaj...

Published 06 Mar, 2024 03:53pm

Energy

Oil up as OPEC+ cuts override China, US demand concerns

LONDON: Oil prices rebounded slightly on Wednesday after four days of declines as signs of supply tightness amid...

Updated 06 Mar, 2024 03:08pm

Stocks

Indus Motor temporarily halts production citing inventory shortage

Company to close its plant from March 6 to March 11

Updated 06 Mar, 2024 03:07pm

Commodities

Gold price per tola surges another Rs1,500 in Pakistan

Gold prices surged in Pakistan on Wednesday in line with the increase in the international rate. The yellow metal...

Published 06 Mar, 2024 03:06pm

Europe

Yulia Navalnaya urges Russians to join election day protest against Putin

LONDON: Yulia Navalnaya, widow of opposition leader Alexei Navalny, called on Russians to join an election day...

Published 06 Mar, 2024 03:06pm

Stocks

London stocks inch higher ahead of budget

UK shares edged up on Wednesday as investors analysed a fresh batch of corporate earnings, but caution prevailed...

Published 06 Mar, 2024 03:02pm

Business & Finance

Bankrupt Sri Lanka to seek debt moratorium until 2028

COLOMBO: Sri Lanka’s president said Wednesday he was seeking a moratorium on foreign debt repayments until 2028,...

Published 06 Mar, 2024 02:56pm

Business & Finance

Consumer boycott: Starbucks Middle East franchisee AlShaya to cut over 2,000 jobs, sources say

DUBAI: Gulf retail giant AlShaya Group, which owns the rights to operate Starbucks in the Middle East, plans to lay...

Updated 06 Mar, 2024 02:50pm

Movies & Music

Alia Bhatt spy film to begin filming in 2024: report

Bhatt will be first woman to headline Yash Raj Films’ spy universe

Published 06 Mar, 2024 02:46pm

Sports

England bring in Wood for fifth India Test

DHARAMSALA: Fast bowler Mark Wood has replaced Ollie Robinson as England’s only change in their team for the fifth...

Published 06 Mar, 2024 02:20pm

There’s drastic cut in the number of income tax return filers

Total number of persons covered under ATL 2023 totalled 3,350,000, compared to 5,730,000 in ATL 2022

Updated 06 Mar, 2024 02:05pm

Business & Finance

France’s 2023 budget deficit to ‘significantly’ miss 4.9% target, Le Maire says

PARIS: France will miss its target of reducing the 2023 budget deficit to the equivalent to 4.9% of its gross...

Published 06 Mar, 2024 02:05pm

Europe

Ukrainian drone strikes major iron ore plant in Russia’s Kursk region

MOSCOW: A Ukrainian drone struck a fuel tank at one of Russia’s largest iron ore plants on Wednesday, though no one...

Published 06 Mar, 2024 02:04pm

Literature

New Garcia Marquez novel launched 10 years after his death

MADRID: Gabriel Garcia Marquez died a decade ago, but a previously unpublished book by the author who popularised...

Published 06 Mar, 2024 02:00pm

Europe

Britain to warn Israel’s Gantz over famine in Gaza

LONDON: Britain will warn Israel on Wednesday that its patience is running thin over the “dreadful suffering” in...

Published 06 Mar, 2024 01:49pm

Commodities

Algerian wheat buy seen at 870,000 to 900,000 T -traders say

HAMBURG/PARIS: Algeria’s state grains agency OAIC is believed to have purchased between 870,000 to 900,000 metric...

Published 06 Mar, 2024 01:47pm

Forex

South African rand stable as gold prices surge

JOHANNESBURG: South Africa’s rand was stable in early trade on Wednesday, with analysts pointing to a surge in gold...

Published 06 Mar, 2024 01:46pm

USA

Hunger crisis in Gaza: children starving to death amid Israeli aggression

WASHINGTON: Children have begun starving to death in Gaza, where the United Nations has warned a famine is “almost...

Updated 06 Mar, 2024 01:45pm

Forex

Russian rouble firms to one-month high vs dollar

MOSCOW: The Russian rouble firmed to a one-month high against the dollar on Wednesday, ahead of two treasury bond...

Published 06 Mar, 2024 01:44pm

Forex

Kenya shilling stable, seen gaining from offshore bond inflows

NAIROBI: Kenya’s shilling held steady on Wednesday and it was expected to firm in the days ahead due to inflows from...

Published 06 Mar, 2024 01:43pm

Forex

Bitcoin back on the rise after vaulting to new record

SINGAPORE: Bitcoin rallied again on Wednesday after retreating briefly from an all-time high it set less than 24...

Published 06 Mar, 2024 01:42pm

Sports

Mumbai’s Shabnim Ismail breaches 130kph barrier with fastest delivery in women’s cricket

NEW DELHI: Mumbai Indians’ Shabnim Ismail bowled the fastest delivery in women’s cricket on Tuesday with a 132.1kph...

Published 06 Mar, 2024 01:41pm

Movies & Music

David Beckham on carpet with Guy Ritchie at premiere of ‘The Gentlemen’

Cast from Guy Ritchie’s new TV show said fans of the director’s work will not be disappointed with his series ‘The...

Published 06 Mar, 2024 01:29pm

Stocks

Most Gulf markets in red ahead of key Fed Powell testimony

Major stock markets in the Gulf fell in early trade on Wednesday ahead of congressional testimony from Federal...

Published 06 Mar, 2024 01:16pm

Asia

China foreign minister to hold Thursday press conference

BEIJING: China’s foreign minister will face questions from the media on Thursday, state media announced, as the...

Published 06 Mar, 2024 12:41pm

Africa

Sudan soon to be ‘world’s largest hunger crisis’: WFP

PORT SUDAN: Sudan’s nearly 11-month war between rival generals “risks triggering the world’s largest hunger crisis”,...

Published 06 Mar, 2024 12:40pm

Sports

Australian bowlers out to dampen Williamson’s 100th Test

WELLINGTON: Seamer Mitchell Starc said Australia’s bowlers aim to ensure New Zealand world-class batsman Kane...

Published 06 Mar, 2024 12:38pm

USA

Trump backs Israel in Gaza

WASHINGTON: Republican presidential frontrunner Donald Trump expressed his support for Israel’s aggression in Gaza...

Published 06 Mar, 2024 12:18pm

Sports

Verstappen returns to face inquisition on his and Red Bull’s future

JEDDAH: Max Verstappen will return to Saudi Arabia and the scene of a rare defeat last season expecting to face an...

Published 06 Mar, 2024 12:03pm

Stocks

Hong Kong shares open flat

HONG KONG: Hong Kong stocks started little changed on Wednesday after global markets largely fell as traders locked...

Published 06 Mar, 2024 11:59am

South Asia

India’s ‘drone sisters’ steer farming and social change

PATAUDI: Once a housewife in rural India, Sharmila Yadav always wanted to be a pilot and is now living her dream...

Published 06 Mar, 2024 11:56am

Europe

From ‘Green Deal’ to EU defence hawk: Ursula von der Leyen:

BRUSSELS: Ursula von der Leyen has navigated back-to-back crises as head of the European Commission, from Covid to...

Published 06 Mar, 2024 11:44am

Forex

Australian dollar struggles as economy comes to a standstill

SYDNEY: The Australian and New Zealand dollars were under pressure again on Wednesday as soft economic data...

Published 06 Mar, 2024 11:36am

Sports

LIV Golf abandons bid for world ranking points

LIV Golf has formally withdrawn its application to have players receive world ranking points from its tournaments,...

Published 06 Mar, 2024 11:33am

Commodities

Copper extends downward path on firm dollar, China outlook concerns

BEIJING: Copper prices extended their decline on Wednesday, as a steady US dollar dampened the greenback-priced...

Published 06 Mar, 2024 11:30am

Energy

Saudi Arabia slightly raises Arab Light crude price to Asia

Top oil exporter Saudi Arabia raised the official selling price (OSP) for its flagship Arab Light crude to Asia in...

Published 06 Mar, 2024 11:26am

Commodities

Soybeans, corn flat ahead of USDA report as hefty LatAm harvest weighs

BEIJING: Chicago soybean and corn futures were flat on Wednesday, and hovered near three-year lows, ahead of a key...

Published 06 Mar, 2024 11:20am

Technology

BYD spearheads Chinese electric car push in Australia, a friendlier market

SYDNEY: BYD and other Chinese automakers are bringing new electric car models in droves to Australia, a market where...

Published 06 Mar, 2024 11:17am

Technology

OpenAI seeks to dismiss all of Musk’s claims in lawsuit

ChatGPT maker OpenAI on Tuesday refuted Elon Musk’s claims that the startup abandoned its original mission to...

Published 06 Mar, 2024 11:12am

Forex

Yuan steady as central bank sets firmest fixing in a month

SHANGHAI: China’s yuan held steady against the US dollar on Wednesday, as the central bank set a daily midpoint...

Published 06 Mar, 2024 11:09am

World

US lawmakers push for ByteDance to divest TikTok or face ban

WASHINGTON: A bipartisan group of US lawmakers introduced legislation on Tuesday to give China’s ByteDance about six...

Published 06 Mar, 2024 11:06am

Business & Finance

Turkiye central bank adjusts banks’ monthly loan growth rates for securities maintenance

ISTANBUL: Turkiye central bank said on Wednesday that it lowered banks’ lira commercial loan and general purpose...

Published 06 Mar, 2024 11:02am

HBL CEO Muhammad Aurangzeb may be inducted into finance team

ISLAMABAD: Muhammad Aurangzeb, the chief executive officer of Pakistan’s largest bank, HBL, is likely to be tapped...

Updated 06 Mar, 2024 10:59am

Business & Finance

World Bank says Thai interest rates appropriate

BANGKOK: Thailand’s interest rate levels are appropriate for the current situation and are neutral, the World Bank...

Published 06 Mar, 2024 10:59am

Business & Finance

Jul-Jan debt rises 6pc as govt borrowing continues

Total domestic and external debt stocks reach Rs64.84 trillion at end of Jan 2024

Updated 06 Mar, 2024 10:54am

Commodities

Dalian iron ore slides as weak fundamentals dominate

Dalian iron ore futures prices slid on Wednesday, weighed down by subdued sentiment due to a persistently weak steel...

Published 06 Mar, 2024 10:49am

Europe

Three missing after boiler room blast in Russia’s Tuva region

Three people were missing and 18 wounded after a boiler room blast at the Shagonar power and heating plant in...

Published 06 Mar, 2024 10:43am

Commodities

Mielke sees Malaysian palm oil price at 3,800-4,300 ringgit in next 3 months

KUALA LUMPUR: Malaysian palm oil price is seen trading in the range of 3,800 to 4,300 ringgit in the next three...

Published 06 Mar, 2024 10:40am

‘Costly’ coal purchase lands Power Div in a fix

'Catch-22' situation on basis of letter written by former caretaker Federal Minister for Power and Petroleum, Muhammad Ali, who ordered a thorough probe into purchase of coal on higher prices

Updated 06 Mar, 2024 10:35am

Commodities

Nickel falls on improved supply prospect from Indonesia

BEIJING: Nickel prices fell on Wednesday as traders eyed better supply from top producer Indonesia, while a steady...

Published 06 Mar, 2024 10:33am

USA

Trump, Biden dominate Super Tuesday contests as they march toward rematch

PALM BEACH: President Joe Biden and former President Donald Trump swept to victory in statewide nominating contests...

Published 06 Mar, 2024 10:27am

Mutual Funds

Indian bond yields may nudge lower tracking US peers

MUMBAI: Indian government bond yields are expected edge lower in the early session on Wednesday, following the...

Published 06 Mar, 2024 10:19am

Forex

Indian rupee eyes Powell’s testimony for cues on US interest rates

MUMBAI: The Indian rupee is expected to open little changed on Wednesday on a drop in US Treasury yields and weak...

Published 06 Mar, 2024 10:17am

Bullion Rate

Gold slips from record peak but holds above $2,100 ahead of Powell testimony

Gold prices edged lower on Wednesday but held above the $2,100 an ounce level, after rising bets for a June US...

Published 06 Mar, 2024 10:11am

Stocks

China stocks lead Asia lower, gold drifts after record peak

SINGAPORE: Asian equities eased on Wednesday in cautious trading, with Chinese stocks slipping as the lack of big...

Published 06 Mar, 2024 10:07am

Stocks

Indian shares open lower as IT stocks weigh

BENGALURU: Indian shares opened lower on Wednesday, dragged by information technology stocks ahead of a key US jobs...

Published 06 Mar, 2024 10:05am

Stocks

Japan’s Nikkei extends decline as tech tracks Wall Street slump

TOKYO: Japan’s Nikkei share average fell for a second session on Wednesday, as traders locked in profits following...

Published 06 Mar, 2024 10:03am

‘Coercive’ recovery: IHC directs FBR to issue orders to Karachi CC

ISLAMABAD: The Islamabad High Court (IHC) directed the Federal Board of Revenue (FBR) to issue instructions under...

Updated 06 Mar, 2024 10:02am

Stocks

Australian shares inch lower as miners weigh; GDP print in focus

Australian shares inched lower on Wednesday, on track to lose for a third consecutive session as heavyweight miners...

Published 06 Mar, 2024 10:01am

Pakistan

Modi, other world leaders greet Shehbaz

ISLAMABAD: Indian Prime Minister Narendra Modi is among various world leaders who have congratulated Shehbaz Sharif...

Updated 06 Mar, 2024 10:00am

Forex

Dollar firm before Powell speech, bitcoin stabilises after breaking record

TOKYO: The US dollar was largely steady on Wednesday, as traders avoided making big bets ahead of congressional...

Published 06 Mar, 2024 09:55am

Pensionary benefits: Implementation of LHC order stayed by SC

ISLAMABAD: The Supreme Court stayed the implementation of the Lahore High Court (LHC)’s judgment to incorporate the...

Updated 06 Mar, 2024 09:24am

Remaining funds of first tranche of World Bank loan: ECC approves Rs7.6bn TSG for PKR cover

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved a technical supplementary grant...

Updated 06 Mar, 2024 09:23am

Army refuses to alter its stance on May 9 events

ISLAMABAD: The top military brass on Tuesday expressed dismay over some segments of polity and media especially...

Updated 06 Mar, 2024 08:55am

Economic stability: PPP vows its support to PM

ISLAMABAD: A delegation of Pakistan Peoples Party (PPP) led by former President Asif Ali Zardari and party Chairman...

Updated 06 Mar, 2024 08:54am

Pakistan

ECP finally uploads Form-45s, related papers

ISLAMABAD: Almost a month after the general elections and around two weeks after the lapse of the legally-stipulated...

Updated 06 Mar, 2024 08:53am

BR’s refresher: your morning briefing for the day

Important updates from March 5, 2024

Published 06 Mar, 2024 08:52am

BR Research

Oil sales – weak and down

The oil sales by the oil marketing companies during February 2024 plummeted by 8 percent year-on-year. The decline...

Published 06 Mar, 2024 06:49am

BR Research

Nepra: ghosts of the report past

A collective effort is needed to bring stability to real sectors of the economy, as policymaking relies on clarity...

Published 06 Mar, 2024 06:52am

BR Research

Zephyr Textiles Limited

Zephyr Textiles Limited (PSX: ZTL) was incorporated in Pakistan as a private limited company in 1999 and was...

Published 06 Mar, 2024 06:45am

Opinion

Power sector and politically motivated vandalism!

The present sad state of the Pakistan’s Power Sector cannot be emphasized any further. Everyone, including the...

Published 06 Mar, 2024 04:18am

Opinion

What’s in a name?

“What’s in a name? That which we call a rose by any other name would smell just as sweet.” This quotation by...

Published 06 Mar, 2024 04:18am

Pakistan

The Weather

KARACHI: The weather report on Tuesday (March 05, 2024) and the forecast for Wednesday (March 06, 2024)...

Published 06 Mar, 2024 04:26am

Rates

LME official prices

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

Published 06 Mar, 2024 04:26am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (March 05, 2024). ======================================= Offset...

Published 06 Mar, 2024 04:26am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (March 05, 2024)...

Published 06 Mar, 2024 04:26am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 05, 2024)....

Published 06 Mar, 2024 04:26am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (March 05, 2024)....

Published 06 Mar, 2024 04:26am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (March 05, 2024). ==================================== BR...

Published 06 Mar, 2024 04:26am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (March 05, 2024). ========================== KIBOR...

Published 06 Mar, 2024 04:26am

Forex

Dollar's rate in Interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (March 05, 2024). ======================== Open Bid Rs...

Published 06 Mar, 2024 04:26am

Forex

Open market rates of foreign currencies

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

Published 06 Mar, 2024 04:26am

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 06 Mar, 2024 04:26am

Pakistan

Common destiny ‘China’s vision based on concept of indivisible security, UN Charter’

ISLAMABAD: Speakers at a seminar on Tuesday highlighted China’s vision of common destiny, based on the concept of...

Published 06 Mar, 2024 04:18am

Pakistan

Punjab hospitals: 5,000 children treated for pneumonia

LAHORE: As many as 5000 children have been treated for pneumonia in the Pediatric emergency rooms of Mayo Hospital,...

Published 06 Mar, 2024 04:18am

Pakistan

15 dangerous POs arrested from abroad this year

LAHORE: Punjab Police’s crackdown against the dangerous fugitive and proclaimed offenders continues, in...

Published 06 Mar, 2024 04:18am

Pakistan

Rawalpindi, Bahawalpur: ADB, Unicef ink LOU on water, solid waste related initiatives

ISLAMABAD: The Asian Development Bank (ADB) and the United Nations Children’s Fund (Unicef), Tuesday, signed a...

Published 06 Mar, 2024 04:18am

Industry

CEO HESCO visits HCSTSI

HYDERABAD: Chief Executive Officer HESCO Bashir Ahmed Gujjar while addressing the traders and industrialists during...

Published 06 Mar, 2024 04:18am

Pakistan

Factory manufacturing fake cigarettes sealed

LAHORE: The Directorate of Intelligence and Investigation of Inland Revenue Multan conducted a raid and sealed a...

Published 06 Mar, 2024 04:18am

Pakistan

Hearing of case against Manzoor Pashteen adjourned till 19th

ISLAMABAD: A local court, on Tuesday, adjourned the hearing of a case registered against Pashtun Tahaffuz Movement...

Published 06 Mar, 2024 04:18am

Pakistan

IRC Climate Report highlights urgent action

KARACHI: The International Rescue Committee (IRC) Pakistan, in partnership with the School Education and Literacy...

Published 06 Mar, 2024 04:18am

Pakistan

LHC DB recuses itself from plea of Imran Riaz

LAHORE: A division bench of the Lahore High Court on Tuesday recused itself from a petition of Imran Riaz Khan...

Published 06 Mar, 2024 04:18am

Pakistan

Model bazaars and Ramazan bazaars: Poultry products at subsidized rates

LAHORE: Pakistan Poultry Association (Northern Zone) announced here on Tuesday to provide poultry products at...

Published 06 Mar, 2024 04:18am

Technology

‘Promotion of IT industry top priority of govt’

LAHORE: Lahore Development Authority (LDA) Director General Muhammad Ali Randhawa has said that promotion of the...

Published 06 Mar, 2024 04:18am

Pakistan

PTA drafts ‘Digital Gender Inclusion Strategy’

ISLAMABAD: To address the challenges women face in accessing digital technology requires a comprehensive approach...

Published 06 Mar, 2024 04:18am

Pakistan

PTI says Form-45s are ‘rigged’

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) on Tuesday strongly reacted after the Election Commission of Pakistan...

Published 06 Mar, 2024 04:18am

Pakistan

Winners of Study UK Alumni Awards Pakistan 2024 announced

ISLAMABAD: The winners of the Study UK Alumni Awards Pakistan 2024 in Pakistan were announced at a ceremony, hosted...

Published 06 Mar, 2024 04:18am

Sports

Peshawar Zalmi beat Multan Sultans in a thriller

KARACHI: Peshawar Zalmi on Tuesday defeated Multan Sultans by four runs in last-ball thriller of the Pakistan Super...

Published 06 Mar, 2024 04:18am

World

Kashmiri journalist re-arrested hours after arriving home from jail

NEW YORK: The Committee to Protect Journalists on Monday expressed alarm over the re-arrest of Kashmiri journalist...

Published 06 Mar, 2024 04:18am

Middle East

Gaza ceasefire talks extended

CAIRO/RAFAH: Hamas negotiators stayed in Cairo for a third day of ceasefire talks on Tuesday in an attempt to halt...

Published 06 Mar, 2024 04:18am

World

Trump aims for Super Tuesday knockout in White House campaign

WASHINGTON: Donald Trump looked to cement his hold on the Republican presidential nomination with a sweep of Super...

Published 06 Mar, 2024 04:18am

Stocks

Indian shares snap winning run on IT slide

BENGALURU: Indian shares fell on Tuesday, snapping a four-session winning streak, dragged by information technology...

Published 06 Mar, 2024 04:18am

Stocks

China stocks steady as parliament session fails to inspire

SHANGHAI: Chinese stocks steadied on Tuesday while the Hong Kong market tumbled, after Beijing set a widely-expected...

Published 06 Mar, 2024 04:18am

Stocks

European shares slip after China reforms underwhelm

PARIS: Europe’s main index dipped on Tuesday, as mining shares weakened with metal prices on a lack of substantial...

Published 06 Mar, 2024 04:18am

Pakistan

CDA takes actions to eliminate illegal constructions

ISLAMABAD: The Capital Development Authority (CDA), on Tuesday, took vigorous actions to eliminate illegal...

Published 06 Mar, 2024 04:18am

Pakistan

Heavy snowfall at Khunjerab Pass: Last Chinese vehicle recovered

ISLAMABAD: The National Logistics Corporation (NLC) in coordination with local administration recovered the last...

Published 06 Mar, 2024 04:18am

Pakistan

49-tola necklace recovered from passenger who arrived from Dubai

KARACHI: The Collectorate of Customs, Karachi airport has recovered a gold necklace weighing 49 tolas, approx, from ...

Published 06 Mar, 2024 04:18am

Letters

‘Challenges, challenges’

This is apropos a Business Recorder op-ed “Challenges, challenges” carried by the newspaper yesterday. That the...

Published 06 Mar, 2024 04:18am

Pakistan

‘Rigging in Feb 8 polls’: ANP leader urges CJP to form judicial commission

ISLAMABAD: Awami National Party (ANP) Khyber-Pakhtunkhwa President Aimal Wali Khan urged the Chief Justice of...

Published 06 Mar, 2024 04:18am

Pakistan

Mayor inaugurates PSO ECO Street project

KARACHI: The Mayor Karachi, Barrister Murtaza Wahab and MD/CEO, PSO, Syed Muhammad Taha inaugurated the company’s...

Published 06 Mar, 2024 04:18am

Pakistan

Caretaker PM, his cabinet colleagues: de-notification issued

ISLAMABAD: The Cabinet Division has issued the de-notification of the caretaker prime minister and his cabinet...

Published 06 Mar, 2024 04:18am

Pakistan

KP CM Gandapur calls on IK in Adiala Jail

ISLAMABAD: Hardly a day after taking the reign of Khyber-Pakhtunkhwa as chief minister, Ali Amin Gandapur on Tuesday...

Published 06 Mar, 2024 04:18am

Pakistan

Nigehban Ramazan Package starts: CS orders crackdown on profiteers, hoarders

LAHORE: Under the Nigehban Ramazan Package started on the direction of Chief Minister Punjab 38,290 ration bags have...

Published 06 Mar, 2024 04:18am

Pakistan

Bail granted to 21 PTI activists

LAHORE: An Anti-Terrorism Court (ATC) on Tuesday allowed bail to 21 PTI activists in Corps Commander House attack...

Published 06 Mar, 2024 04:18am

Pakistan

Punjab Cabinet’s formation to take place soon; Rana likely to become adviser

LAHORE: The Punjab Cabinet formation is expected within the next 48 hours and 15 ministers are expected to take the...

Published 06 Mar, 2024 04:18am

Pakistan

PTI demands release of IK, other party leaders through resolution

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Tuesday submitted a resolution in National Assembly, calling for...

Published 06 Mar, 2024 04:18am

Pakistan

Presidential polls: Zardari successfully garners required support?

ISLAMABAD: Pakistan People’s Party (PPP) Co-Chairman Asif Ali Zardari is set to win the presidential election as ...

Published 06 Mar, 2024 04:18am

Pakistan

Cold wave to persist until 8th

KARACHI: The mystery cold wave, which has caught the citizens with a sudden chilly weather conditions, may persist...

Published 06 Mar, 2024 04:18am

Pakistan

Experts for harmonising cigarette taxes with WHO guidelines

ISLAMABAD: Health experts and anti-tobacco activists urged the government to harmonise cigarette taxes with the ...

Published 06 Mar, 2024 04:18am

Pakistan

Federal educational institutions: SECP inks MoU with ministry to promote financial literacy

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) Tuesday signed a Memorandum of Understanding...

Published 06 Mar, 2024 04:18am

Pakistan

Iranian President due next month

ISLAMABAD: Iranian President Ebrahim Raisi is likely to visit Pakistan next month, aimed at repairing bilateral...

Published 06 Mar, 2024 04:18am

Pakistan

Gwadar: PM reaches out to calamity-hit people

GAWADAR: Prime Minister Shehbaz Sharif on Tuesday unveiled a relief package for people of the rain-hit areas of...

Published 06 Mar, 2024 04:18am

Pakistan

Senate polls on April 3

ISLAMABAD: The Election Commission of Pakistan (ECP) has decided to hold Senate elections on April 3. The ECP has...

Published 06 Mar, 2024 04:18am

Pakistan

US expresses its willingness to work with new govt

WASHINGTON: The United States of America (USA) on Tuesday expressed willingness to collaborate with Pakistan’s new...

Published 06 Mar, 2024 04:18am

Pakistan

ECP allocates reserved seats claimed by SIC to other parties

ISLAMABAD: The Election Commission of Pakistan (ECP) on Tuesday notified the allocation of reserved seats for women...

Published 06 Mar, 2024 04:18am

Life & Style

Celebrating poetry, qawwali: A Night of Artistic Harmony at Alhamra

LAHORE: Alhamra Arts Center witnessed an enchanting evening of poetry and Qawwali titled "Azrah-e-Sukhan, Teen...

Published 06 Mar, 2024 04:18am

Cotton & Textile

Selective buying on cotton market

LAHORE: The local cotton market on Tuesday remained satisfactory and the trading volume remained mixed. Cotton...

Published 06 Mar, 2024 04:18am

Cotton & Textile

Cotton spot rates

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

Published 06 Mar, 2024 04:18am

Commodities

Soybeans surrender gains

BEIJING: Chicago soybean futures slipped on Tuesday, surrendering gains from the previous session, as bountiful...

Published 06 Mar, 2024 04:18am

Commodities

Iron ore futures end mixed

SHANGHAI: Iron ore futures prices were mixed on Tuesday, as investors digested a raft of key economic targets set by...

Published 06 Mar, 2024 04:18am

Commodities

Copper under pressure as lack of Chinese stimulus disappoints

LONDON: Copper prices came under pressure on Tuesday as a lack of big-ticket stimulus from top metals consumer China...

Published 06 Mar, 2024 04:18am

Commodities

Malaysian palm oil futures rebound

SINGAPORE: Malaysian palm oil futures closed at a five-week high on Tuesday, rebounding from two days of decline ...

Published 06 Mar, 2024 04:18am

Commodities

Gold flirts with record highs

BENGALURU: Gold prices headed towards record highs on Tuesday, driven by mounting hopes of the Federal Reserve’s...

Published 06 Mar, 2024 04:18am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 30.787...

Published 06 Mar, 2024 04:18am

Commodities

Japan rubber futures rise on supply concerns

SINGAPORE: Japanese rubber futures rose on Tuesday helped by supply concerns, while a weaker yen also lent support ...

Published 06 Mar, 2024 04:18am

Commodities

EU wheat hits new lows

PARIS: Euronext wheat futures fell on Tuesday to new 3-1/2-year lows as rumours of cheap offers of Russian wheat in...

Published 06 Mar, 2024 04:18am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 156,967 tonnes of cargo comprising 97,036 tonnes of import cargo and 59,931...

Published 06 Mar, 2024 04:18am

Energy

Oil declines on concerns

NEW YORK: Oil prices fell for a second straight session on Tuesday as skepticism around China’s economic growth...

Published 06 Mar, 2024 04:18am

Energy

US natgas prices ease

NEW YORK: US natural gas futures eased about 1% on Tuesday on a decline in liquefied natural gas (LNG) and pipeline...

Published 06 Mar, 2024 04:18am

Stocks

Nasdaq leads Wall St lower as megacaps slide

NEW YORK: Wall Street fell on Tuesday, with weakness in megacap growth stocks such as Apple and Tesla weighing on ...

Published 06 Mar, 2024 04:18am

Energy

KE & Visa forge partnership to power digital innovation

KARACHI: Pakistan’s digital payments ecosystem is gradually moving towards a cashless journey where the utility...

Published 06 Mar, 2024 04:18am

Energy

Punjab’s power transmission landscape: JICA-NTDC partnership ushers in monumental progress

FAISALABAD: Punjab Power Transmission landscape went through a monumental transformation as a result of the Japan...

Published 06 Mar, 2024 04:18am

Commodities

Gold prices soar

KARACHI: The local gold market on Tuesday met with a significant surge in bullion value following the global market...

Published 06 Mar, 2024 04:18am

Rates

PSX ends on negative note

KARACHI: Despite positive opening, Pakistan Stock Exchange on Tuesday closed on negative note due to selling ...

Published 06 Mar, 2024 04:18am

Industry

RE Policy 2006: FPCCI chief highlights drawbacks of not proper implementation

KARACHI: FPCCI President Atif Ikram Sheikh has expressed his profound concerns that the renewable energy policy 2006...

Published 06 Mar, 2024 04:18am

Industry

LCCI presents strategy to BOI team: Importance of addressing local industry challenges highlighted

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) presented a meticulously crafted strategy aimed at...

Published 06 Mar, 2024 04:18am

Money & Banking

Most Asian currencies flat

BENGALURU: Most Asian currencies were largely unchanged on Tuesday, as market participants awaited fresh policy...

Published 06 Mar, 2024 04:18am

Money & Banking

China’s yuan steady

SHANGHAI: China’s yuan held steady against the dollar on Tuesday after the government set an economic growth ...

Published 06 Mar, 2024 04:18am

Money & Banking

Bitcoin rockets to record high

LONDON/SINGAPORE: Bitcoin soared to a new record high on Tuesday, fueled by investors pouring money into US spot...

Published 06 Mar, 2024 04:18am

Money & Banking

Dollar slips vs euro as data weighs

NEW YORK: The dollar slipped against the euro on Tuesday after data showed US services industry growth eased and as...

Published 06 Mar, 2024 04:18am

Business & Finance

BMG, KCCI urge Shehbaz to restart negotiations

KARACHI: Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry...

Published 06 Mar, 2024 04:18am

Industry

Women leaders envision greater participation in public policy-making

KARACHI: A roundtable consultative dialogue with women leaders from the corporate and business sectors, both profit...

Published 06 Mar, 2024 04:18am

Editorials

Rain havoc in Gwadar

EDITORIAL: The very next day of assuming the reins of government, prime minister Shehbaz Sharif visited Gwadar is...

Published 06 Mar, 2024 04:18am

Editorials

February Economic Update and Outlook

EDITORIAL: The February 2024 Economic Update and Outlook uploaded on the Finance Division website on the last day of...

Published 06 Mar, 2024 04:18am

Business & Finance

China vows to ‘transform’ economy, targets stable growth of around 5pc

BEIJING: China will target economic growth of around 5% this year as it works to transform its development model,...

Published 06 Mar, 2024 04:18am

Business & Finance

EU officials unveil 1.5bn euro plan to boost arms industry

BRUSSELS: Top European Union officials on Tuesday unveiled plans to boost the continent’s arms industry, arguing...

Published 06 Mar, 2024 04:18am

Business & Finance

Sri Lanka sweetens deal to sell national airline

COLOMBO: Sri Lanka said Tuesday it would assume $510 million of debt to help find a buyer for its loss-making...

Published 06 Mar, 2024 04:18am

Business & Finance

Turkiye CG vows to enhance trade, investment ties with Pakistan

LAHORE: The Consul General of Turkiye, Durmus Bastug, has reaffirmed Turkey’s commitment to enhancing bilateral...

Published 06 Mar, 2024 04:18am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 5	277.95
USD PKR Interbank Buying / Aug 5	277.75
USD to Japanese Yen / Aug 6	157.77
USD to Swiss Franc / Aug 6	0.81
Pound Sterling to USD / Aug 6	1.35
Euro to USD / Aug 6	1.15
SOFR % / Aug 5	3.66

Stock	Volume
S&P 500 / Aug 5	7,723.55
Nasdaq / Aug 5	26,363.44
FTSE 100 / Aug 5	10,888.30
Dow Jones / Aug 5	54,349.12
Germany DAX 30 / Aug 5	26,126.30
France CAC40 / Aug 5	8,669.30
India Sensex / Aug 6	78,733.83
Tokyo Nikkei / Aug 6	65,266.67
Hang Seng / Aug 6	25,455.75

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 5	18,780
Gold 10 Grams PKR / Aug 5	375,459
Petrol/Litre / Aug 6	328.56
Crude Oil USD/Barrel / Aug 6	74.78
Gold Spot USD/Ounce / Aug 6	4,250.14
Diesel/Litre / Aug 6	385.86
Cotton US¢/pound / Aug 6	82.86

Gainers
Losers
Leaders

Stock	Price
Asim Textile / Aug 6 Asim Textile Mills Limited(ASTM)	56.19 ▲ 5.11 (10%)
Buxly Paints / Aug 6 Buxly Paints Limited(BUXL)	208.65 ▲ 18.97 (10%)
J.A.Textile / Aug 6 J.A. Textile Mills Limited(JATM)	56.74 ▲ 5.16 (10%)
East West Ins. / Aug 6 East West Insurance Company Limited(EWIC)	66.57 ▲ 6.05 (10%)
Grays Leasing / Aug 6 Grays Leasing Limited(GRYL)	23.80 ▲ 2.14 (9.88%)
Elahi Cotton / Aug 6 Elahi Cotton Mills Limited(ELCM)	258.59 ▲ 21.68 (9.15%)
Sanghar Sugar / Aug 6 Sanghar Sugar Mills Limited(SANSM)	137 ▲ 10.8 (8.56%)
Crescent Fib. / Aug 6 Crescent Fibres Limited(CFL)	62.99 ▲ 4.64 (7.95%)
Bank Makramah / Aug 6 Bank Makramah Limited(BML)	61.60 ▲ 4.34 (7.58%)
Berger Paints / Aug 6 Berger Paints Pakistan Limited(BERG)	114.52 ▲ 7.72 (7.23%)

Stock	Price
786 Invest Ltd / Aug 6 786 Investments Limited(786)	25.71 ▼ -2.86 (-10.01%)
Sindh Abadgar / Aug 6 Sindh Abadgar's Sugar Mills Limited(SASML)	326.22 ▼ -35.71 (-9.87%)
Fateh Ind. / Aug 6 Fateh Industries Limited(FIL)	312.61 ▼ -28.8 (-8.44%)
Pak. P.V.C. / Aug 6 Pakistan PVC Limited(PPVC)	25 ▼ -1.89 (-7.03%)
Paramount Spinning / Aug 6 Paramount Spinning Mills Limited(PASM)	10.65 ▼ -0.69 (-6.08%)
JS Investments / Aug 6 JS Investments Limited(JSIL)	43.03 ▼ -2.78 (-6.07%)
Jauharabad Sug / Aug 6 Jauharabad Sugar Mills Limited(JSML)	62.95 ▼ -2.64 (-4.03%)
Javedan Corp.(Pref) / Aug 6 Javedan Corp.(Pref)(JVDCPS)	56 ▼ -2.32 (-3.98%)
Universal Ins. / Aug 6 The Universal Insurance Company Limited(UVIC)	23.50 ▼ -0.97 (-3.96%)
Diamond Ind. / Aug 6 Diamond Industries Limited(DIIL)	62 ▼ -2.5 (-3.88%)

Stock	Volume
B.O.Punjab / Aug 6 The Bank of Punjab(BOP)	39,239,123 ▲ 1.46
Unity Foods Ltd / Aug 6 Unity Foods Limited(UNITY)	35,589,060 ▲ 0.8
Pak Int.Bulk / Aug 6 Pakistan International Bulk Terminal(PIBTL)	11,531,828 ▲ 0.23
Pace (Pak) Ltd. / Aug 6 Pace (Pakistan) Limited(PACE)	8,873,620 ▲ 0.35
Cnergyico PK / Aug 6 Cnergyico PK Limited(CNERGY)	7,286,596 ▼ -0.05
Big Bird Foods / Aug 6 Big Bird Foods Limited(BBFL)	6,248,084 ▲ 1.11
Arif Habib Corp / Aug 6 Arif Habib Corporation Limited(AHCL)	6,184,598 ▲ 0.43
Maple Leaf Cement / Aug 6 Maple Leaf Cement Factory Limited(MLCF)	5,820,335 ▲ 1.05
TPL Properties / Aug 6 TPL Properties Limited(TPLP)	5,532,093 ▼ -0.04
Bunnys Limited / Aug 6 Bunnys Limited(BNL)	5,191,599 ▲ 0.04