News Archives for Print - 2023-01-05

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Print - 2023-01-05

PDWP approves four uplift schemes

LAHORE: The Punjab Provincial Development Working Party approved four development schemes of various sectors with an...

Published 05 Jan, 2023 07:23am

SC dismisses Customs’ appeal against release of confiscated vehicle

ISLAMABAD: The Supreme Court dismissed the appeal of Customs Intelligence against the release of a confiscated...

Published 05 Jan, 2023 07:22am

LG polls: SHC seeks ECP reply over appointments after schedule’s announcement

KARACHI: The Sindh High Court (SHC) on Wednesday ordered the Election Commission of Pakistan to submit its report by...

Published 05 Jan, 2023 07:20am

Govt ‘advised’ to do away with ‘luxuries’: Small traders reject move for early closure of shops

KARACHI: Small traders rejected on Wednesday the government’s decision to ensure early closure of businesses in...

Published 05 Jan, 2023 07:19am

Fawad shares details of JIT’s report on IK attack

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Senior Vice President Fawad Chaudhry has said that there was a planned ...

Published 05 Jan, 2023 07:17am

Sindh govt removes administrators on ECP orders

KARACHI: The Muttahida Qaumi Movement-Pakistan (MQM-P) has suffered a setback as the Sindh government has removed...

Published 05 Jan, 2023 07:15am

Cold weather for northern areas likely

KARACHI: The country’s northern mountainous region on Wednesday saw a steep fall in temperatures, as the Met ...

Published 05 Jan, 2023 07:13am

Rana clarifies stance over remarks about Afghanistan

ISLAMABAD: Interior Minister Rana Sanaullah, on Wednesday, refuted the statement attributed to him that “Pakistan...

Published 05 Jan, 2023 06:57am

Industry

SECP chief for continuous engagement with market participants

KARACHI: The chairman of Securities and Exchange Commission of Pakistan (SECP), Akif Saeed, during his visit to...

Published 05 Jan, 2023 06:53am

Three creators of educational content win TikTok awards

KARACHI: Pakistan’s top three educational content creators — Daniyal Ahmed, Talha Malik, and Syed Aun — won ...

Published 05 Jan, 2023 06:50am

Colombian govt suspends ‘ceasefire’ with ELN fighters

BOGOTÁ: The Colombian government said Wednesday it was suspending a ceasefire pact it had announced with the ELN...

Published 05 Jan, 2023 05:58am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 05 Jan, 2023 05:58am

Stocks

Last date of renunciation/payment

KARACHI: Last dates of renunciation/payment....

Published 05 Jan, 2023 05:58am

The Weather

KARACHI: The weather report on Wednesday (January 04, 2023) and the forecast for Thursday (January 05, 2023)...

Published 05 Jan, 2023 05:58am

Gender disparity in education poses risk to economic growth: SBP

KARACHI: Gender disparity in education enrollment poses a risk to prosperity and economic growth, experts have said...

Updated 05 Jan, 2023 07:26am

Removal from PTI’s chairmanship: Imran moves LHC against ECP

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has approached the Lahore High Court against the Election...

Published 05 Jan, 2023 05:58am

OPC organizes ‘restoration of democracy’ rally

LAHORE: On the instructions of chairman of Pakistan Tehreek-e-Insaf Imran Khan, a rally was organised from the...

Published 05 Jan, 2023 05:58am

Pakistan condemns Israeli minister’s visit to Al-Aqsa compound

ISLAMABAD: Pakistan on Wednesday joined the other countries in condemning the insensitive and provocative visit of...

Published 05 Jan, 2023 05:58am

Panel expresses concern over use of adulterated milk

ISLAMABAD: A parliamentary panel on Wednesday, while expressing serious concern on the use of adulterated milk by 87...

Published 05 Jan, 2023 05:58am

Putin deploys new Zircon hypersonic cruise missiles to Atlantic

MOSCOW: President Vladimir Putin sent a frigate to the Atlantic Ocean armed with new generation hypersonic cruise...

Published 05 Jan, 2023 05:58am

Africa

Car bombs kill 35, burn houses in Somalia

MOGADISHU: Two car bombs detonated by al Shabaab militants in central Somalia on Wednesday killed at least 35 ...

Published 05 Jan, 2023 05:58am

JI announces sit-in outside CM House

KARACHI: Jamaat-e-Islami (JI) Karachi chief Engr Hafiz Naeemur Rehman has announced to hold protest sit-in outside...

Published 05 Jan, 2023 05:58am

Pakistan-Belarus JMC: Naveed to co-chair meeting on 12th

ISLAMABAD: Federal Minister for Commerce Syed Naveed Qamar will co-chair the 6th session of Pakistan-Belarus Joint...

Published 05 Jan, 2023 05:58am

Betel nuts, non-customs paid vehicles seized

KARACHI: The anti-smuggling team of Customs Intelligence, Karachi has seized smuggled betel nuts, Non-Custom Paid...

Published 05 Jan, 2023 05:58am

Letters

PDM wants to have its cake and eat it?

This is apropos a Business Recorder op-ed “To many it sounds like PDM wants to have its cake and eat it” carried...

Updated 05 Jan, 2023 06:35am

At CES tech mega-show, driverless cars show promise, limitations

Crowds of techies will descend on Las Vegas this week for the annual CES technology mega-show, but one innovation ...

Published 05 Jan, 2023 05:58am

Pakistan: a state and its citizens in state of denial – II

History cannot be undone; however, the complacency that crept in can somehow be brought to the surface. Given the...

Updated 05 Jan, 2023 06:32am

Slim chance of Asian equities rebounding

2022 turned out to be an annus horribilis for Asian equities as an uber-hawkish Fed and unrelenting dollar strength...

Updated 05 Jan, 2023 06:26am

Elahi lays foundation of institute of postgraduate studies at PKLI

LAHORE: Laying the foundation stone of ‘Chaudhry Parvez Elahi Institute of Post Graduate Studies’ at PKLI, here...

Published 05 Jan, 2023 05:58am

Punjab cabinet body okays changes in rules

LAHORE: The Cabinet’s Legislative Business Committee of the Punjab Cabinet has accorded approval to amendment in...

Published 05 Jan, 2023 05:58am

Minister advises IK to wait for general elections

LAHORE: Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Saad Rafique has asked Pakistan Tehreek-e-Insaf (PTI)...

Published 05 Jan, 2023 05:58am

Land fraud case Court grants post-arrest bail to MNA

LAHORE: An anti-corruption court granted post-arrest bail to PML-N MNA Chaudhry Muhammad Ashraf in an alleged land...

Published 05 Jan, 2023 05:58am

AC grants pre-arrest bail to son-in-law of PM

LAHORE: An accountability court on Wednesday granted interim pre-arrest bail to Haroon Yousaf, a son-in-law of Prime...

Published 05 Jan, 2023 05:58am

Indian minister’s charges part of bid to mislead world: FO

ISLAMABAD: Foreign Office on Wednesday dismissed the “baseless and frivolous accusations” made by Indian ...

Published 05 Jan, 2023 05:58am

Provision of education: PM assures seminaries of full support

ISLAMABAD: Prime Minister Shehbaz Sharif said on Wednesday that the government would provide full support to...

Published 05 Jan, 2023 05:58am

No airport to be privatised: CAA

ISLAMABAD: The Civil Aviation Authority (CAA), on Wednesday, clarified the media reports about the privatisation of...

Published 05 Jan, 2023 05:58am

PARTLY FACETIOUS: Trying the same remedy again and again

“What is with these guys – they try the same remedy again and again and again…” “It’s the Nawaz Sharif...

Updated 05 Jan, 2023 06:18am

TTP claims killing two intelligence officials

DERA ISMAIL KHAN: Tehreek-e-Taliban on Wednesday claimed the killing of a senior official of premier intelligence...

Published 05 Jan, 2023 05:58am

Due to price difference: NA panel foresees movement of wheat from Punjab to Sindh

ISLAMABAD: Due to a higher minimum support price (MSP) of wheat fixed by the Sindh government, wheat from Punjab...

Published 05 Jan, 2023 05:58am

Minister inaugurates Champions of Reforms network

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has formally inaugurated...

Updated 05 Jan, 2023 07:28am

NA body told: One window operation in all EOBI offices in the offing

ISLAMABAD: Employees Old Age Benefits Institution (EOBI) told the National Assembly Standing Committee on Overseas...

Published 05 Jan, 2023 05:58am

Industry

KP-TMA offers condolences over Yunus Tabba’s death

PESHAWAR: Chairman, Khyber Pakhtunkhwa Textile Mills Association (KP-TMA), Afan Aziz and Vice Chairman Muhammad...

Published 05 Jan, 2023 05:58am

Forex

Gap between inter-bank and ‘open’ market rates on FCY transactions widens to over Rs24

KARACHI: Customers using their cards (debit or credit) to conduct foreign currency transactions will have to be...

Published 05 Jan, 2023 05:58am

Appointment of administrators declared illegal: LHC directs ECP to hold election forthwith

LAHORE: The Lahore High Court declared the appointment of administrators and assigning of functions and power by the...

Published 05 Jan, 2023 05:58am

Official confirms detection of Omicron sub-variant XBB

KARACHI: Member Sindh Corona Taskforce, Dr Faisal Mahmood on Wednesday urged masses to wear facemasks and avoid...

Published 05 Jan, 2023 05:58am

US supports Pakistan’s right to defend itself from terrorism

WASHINGTON: The United States has said that Pakistan has a right to defend itself from terrorism, as the country has...

Published 05 Jan, 2023 05:58am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (January...

Published 05 Jan, 2023 05:58am

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 Jan, 2023 05:58am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (January 04, 2023)....

Published 05 Jan, 2023 05:58am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (January 04, 2023). ========================== KIBOR...

Published 05 Jan, 2023 05:58am

Rates

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 05 Jan, 2023 05:58am

Rates

Board meetings in progress

KARACHI: Board Meetings in Progress of Companies listed on the Pakistan Stock Exchange....

Published 05 Jan, 2023 05:58am

Rates

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 05 Jan, 2023 05:58am

Stocks

Electronic/credit of dividend warrants/bonus/right share certificates

KARACHI: Electronic/credit of dividend warrants/bonus/right share certificates....

Published 05 Jan, 2023 05:58am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (January 04, 2023). ==================================== ...

Published 05 Jan, 2023 05:58am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on...

Published 05 Jan, 2023 05:58am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (January 04, 2023)....

Published 05 Jan, 2023 05:58am

Rates

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 05 Jan, 2023 05:58am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (January 04, 2023)....

Published 05 Jan, 2023 05:58am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (January 04, 2023)....

Published 05 Jan, 2023 05:58am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (January 04, 2023). ======================== Open ...

Published 05 Jan, 2023 05:58am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 04, 2023)....

Published 05 Jan, 2023 05:58am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (January 04, 2023). ======================================= ...

Published 05 Jan, 2023 05:58am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (January 04, 2023)...

Published 05 Jan, 2023 05:58am

Rates

LME official prices

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

Published 05 Jan, 2023 05:58am

Energy

China ready to resume oil and gas talks with the Philippines, says Xi

BEIJING/MANILA: China is ready to resume oil and gas talks and manage maritime issues “cordially” with the...

Published 05 Jan, 2023 05:58am

Commodities

China allows four firms to resume Aussie coal imports

SINGAPORE: China’s state planner has allowed three central government-backed utilities and its top steelmaker to...

Published 05 Jan, 2023 05:58am

Commodities

Gold prices hit new historic highs

KARACHI: Gold prices on Wednesday continued to hit the new historic highs on the local market, traders said. The...

Published 05 Jan, 2023 05:58am

Stocks

Wall St subdued as signs of tight labour market fuel rate hike concerns

New YORK: Wall Street’s main indexes were subdued on Wednesday as data showed US job openings fell less than...

Published 05 Jan, 2023 05:58am

Stocks

Gulf stocks slide on weaker oil and PMI data

DUBAI: Major Gulf stock markets ended the New Year rally on Wednesday, with Saudi Arabia falling the most as worries...

Published 05 Jan, 2023 05:58am

Stocks

European shares clock third day of gains on upbeat economic data

PARIS: European shares closed higher for the third straight session on Wednesday as a lower inflation reading from...

Published 05 Jan, 2023 05:58am

Commodities

Palm oil slides from near 5-week high

KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday after scaling a near five-week peak in the previous...

Published 05 Jan, 2023 05:58am

Commodities

Copper hits two-month low as demand fears emerge

LONDON: Copper prices slipped to two-month lows on Wednesday as the market focused on slowing economic growth and...

Published 05 Jan, 2023 05:58am

Stocks

Tech, property shares lift HK stocks as recovery hopes brighten

HONG KONG: Hong Kong stocks on Wednesday jumped to their highest since July, while China stocks extended gains, as...

Published 05 Jan, 2023 05:58am

Cotton & Textile

Spot rate gains Rs500 amid modest activity

LAHORE: The Spot Rate Committee of the Karachi Cotton Association on Wednesday increased the spot rate by Rs 500 per...

Published 05 Jan, 2023 05:58am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday (January 04, 2023)....

Published 05 Jan, 2023 05:58am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 122,405 tonnes of cargo comprising 84,134 tonnes of import cargo and 38,271...

Published 05 Jan, 2023 05:58am

Energy

Asia’s spot fuel market steady to softer

SINGAPORE: Asia’s spot fuel oil market was steady to softer on Wednesday on consistent supply arrivals, while...

Published 05 Jan, 2023 05:58am

Rates

Stocks end on negative note

KARACHI: Pakistan Stock Exchange on Wednesday witnessed mixed trend and closed on negative note due to investor lack...

Published 05 Jan, 2023 05:58am

Industry

Heimtextil-2023 in Frankfurt: APBUMA expresses concern over rejection of visa applications

FAISALABAD: Massive rejections of visa applications of the exporters intending to participate in Heimtextil-2023 in...

Published 05 Jan, 2023 05:58am

Rs5,000bn deficit in budget: HCCI president calls for improving working of govt depts

HYDERABAD: President of Hyderabad Chamber of Commerce and Industry (HCCI) Adeel Siddiqui has said that Rs5,000...

Published 05 Jan, 2023 05:58am

Telecom industry facing serious challenges, say officials

ISLAMABAD: The telecom industry in Pakistan is facing serious challenges, especially after recent floods and problem...

Published 05 Jan, 2023 05:58am

US job openings remain elevated; manufacturing slump continues

WASHINGTON: US job openings fell less than expected in November as the labor market remains tight, which could see...

Published 05 Jan, 2023 05:58am

Companies

SSGC, FFBL ink GSA for supply of 68MMCFD gas

KARACHI: The Managing Directors of Sui Southern Gas Company Limited (SSGC) and Fauji Fertilizer Bin Qasim Limited...

Published 05 Jan, 2023 05:58am

Taxes

Power bills: FBR collects double income tax in Karachi

KARACHI: Despite being victimized by dilapidated road infrastructure, high air pollution, gas shortage,...

Published 05 Jan, 2023 05:58am

Relentless aggression

EDITORIAL: In a blatant act of aggression on Monday Israel hit the Damascus International Airport, killing four...

Published 05 Jan, 2023 05:58am

The moment of reckoning is upon us

EDITORIAL: The National Security Committee meeting had a two-point agenda: the state of the economy and the rise in...

Updated 05 Jan, 2023 06:40am

Money & Banking

Financials drag Indian shares 1pc lower

BENGALURU: Indian shares fell about 1% on Wednesday, with financials and metals leading a broad-based retreat as...

Published 05 Jan, 2023 05:58am

Money & Banking

US dollar dips before Fed minutes, Aussie jumps

NEW YORK: The US dollar dipped on Wednesday before the Federal Reserve will release minutes from its December...

Published 05 Jan, 2023 05:58am

Commodities

Japanese rubber goes up

SINGAPORE: Japanese rubber futures on Wednesday tracked gains in the Shanghai market, as demand sentiment was lifted...

Published 05 Jan, 2023 05:58am

Commodities

ICE canola

CHICAGO: ICE canola futures gained on Tuesday, supported by strong crusher interest and firm global veg oil markets,...

Published 05 Jan, 2023 05:58am

Commodities

Iron ore futures drop

MANILA: Benchmark iron ore futures fell in volatile trade on Wednesday, as COVID-19 disruptions and lingering...

Published 05 Jan, 2023 05:58am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 20.097...

Published 05 Jan, 2023 05:58am

Cement despatches decline by 20.73pc in six months

LAHORE: Total cement despatches (domestic and exports) during the first six months of the current financial year...

Published 05 Jan, 2023 05:58am

Taxes

In bid to enhance recovery, FBR speeds up issuing of notices to taxpayers

LAHORE: The Federal Board of Revenue (FBR) has sped up issuing of notices to taxpayers to enhance recovery efforts ...

Published 05 Jan, 2023 05:58am

PM’s aide assigns targets for broadening tax net

ISLAMABAD: The Special Assistant to the Prime Minister on Revenue, Tariq Pasha, has started assigning targets to the...

Published 05 Jan, 2023 05:58am

RTO teams start registering small traders

Taxes

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.03 ▲ 0.42 (16.09%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
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%)
PIA Holding Co.B / May 15 PIA Holding Company Limited B(PIAHCLB)	11,325.20 ▲ 1029.61 (10%)

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%)
TPL Life Insur. / May 15 TPL Life Insurance Limited(TPLL)	46.80 ▼ -4.5 (-8.77%)
Reliance Weaving / May 15 Reliance Weaving Mills Limited(REWM)	101 ▼ -8.95 (-8.14%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	27.10 ▼ -2.19 (-7.48%)
Sanghar Sugar / May 15 Sanghar Sugar Mills Limited(SANSM)	55.66 ▼ -4.28 (-7.14%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.12 ▼ -0.9 (-6.91%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	185.14 ▼ -13.22 (-6.66%)
First Elite Cap.Mod / May 15 First Elite Capital Modaraba(FECM)	18.35 ▼ -1.3 (-6.62%)
Olympia Mills / May 15 Olympia Mills Limited(OML)	52.40 ▼ -3.13 (-5.64%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	40,854,699 ▲ 2.08
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	39,735,026 ▲ 0.16
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	36,091,979 ▲ 0.38
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	27,108,577 ▲ 3.44
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	26,082,289 ▲ 0.27
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	20,955,861 ▲ 0.27
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	20,450,273 ▲ 0.89
B.O.Punjab / May 15 The Bank of Punjab(BOP)	15,222,079 ▲ 0.12
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	14,540,950 ▲ 2.69
Al-Shaheer Corp / May 15 Al Shaheer Corporation Limited(ASC)	13,700,093 ▲ 0.68

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