Print - Business Recorder

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Print - 2023-02-09

Companies

Konnect Islamic Debit Card launched

KARACHI: After the successful launch of Islamic Branchless Banking Account, Konnect by HBL further creates...

Published 09 Feb, 2023 07:31am

Elections in Punjab: LHC issues notices to ECP, Punjab governor

LAHORE: The Lahore High Court on Wednesday issued notices to the Election Commission of Pakistan (ECP) and governor...

Published 09 Feb, 2023 07:27am

Ministry proposes increase in taxes on sugary drinks

ISLAMABAD: The Ministry of National Health Services and Regulations has proposed to the Ministry of Finance to...

Published 09 Feb, 2023 07:25am

Naseem becomes ‘face of new Gillette Blue 3 Flexi’

KARACHI: Gillette Pakistan has announced Pakistan National Cricket Team’s superstar and sensational bowler, Naseem...

Published 09 Feb, 2023 07:24am

Navy to host contingents from 50 nations for maritime exercise

KARACHI: A media briefing on multinational Maritime Exercise AMAN-23 was held at PNS Jauhar. Commander of Pakistan...

Published 09 Feb, 2023 07:21am

NUST prepares aid worth Rs4m for quake victims in Turkiye

ISLAMABAD: Following a massive 7.8-magnitude earthquake in Turkiye and Syria, NUST Islamabad has joined the...

Published 09 Feb, 2023 07:17am

PAC asks govt to remove chairperson of SNGPL board

ISLAMABAD: The parliamentary oversight body, the Public Accounts Committee (PAC), on Wednesday directed the federal...

Published 09 Feb, 2023 07:12am

Money & Banking

Newly licensed digital banks promise greater financial inclusion

KARACHI: The digital banks recently licensed by the State Bank of Pakistan to operate in the country have promised...

Published 09 Feb, 2023 07:10am

PM appoints Waseem as new chairman of ATIR

ISLAMABAD: Prime Minister Shehbaz Sharif has appointed Muhammad Waseem Chaudhry as new chairman of Appellate ...

Published 09 Feb, 2023 07:08am

Energy

US has questions to answer over Nord Stream explosions: Russia

MOSCOW: Russia’s foreign ministry said on Wednesday the United States had questions to answer over its role in...

Published 09 Feb, 2023 07:05am

South Asia

Modi hits back at opposition after Adani furore

NEW DELHI: Prime Minister Narendra Modi said on Wednesday that Indians will not swallow “lies and abuse” against...

Published 09 Feb, 2023 07:03am

China’s car sales down

SHANGHAI/BEIJING: China’s passenger car sales fell 37.9% in January, an auto industry body said on Wednesday, as...

Published 09 Feb, 2023 07:00am

PSDP 2022-23: Rs371bn authorised for uplift projects till date

ISLAMABAD: Ministry of Planning, Development and Special Initiatives Secretary Syed Zafar Ali said that a total of...

Published 09 Feb, 2023 06:55am

SBP opens quake relief fund account

KARACHI: The State Bank of Pakistan (SBP) has announced to open “Prime Minister’s Türkiye Earthquake Relief ...

Published 09 Feb, 2023 06:52am

330 govt buildings: PD blames uncertainty over LCs for failure of solarisation plan

ISLAMABAD: Power Division has reportedly held State Bank of Pakistan (SBP) responsible for failure of solarization ...

Published 09 Feb, 2023 06:51am

Bilawal urges IMF not to ignore flood-hit people’s plight

KARACHI: Chairman Pakistan People’s Party (PPP) and Foreign Minister Bilawal Bhutto Zardari has promised that the...

Published 09 Feb, 2023 06:46am

The wrong state of affairs

It wouldn’t be wrong to say that the issues with the Pakistan’s economy are deep rooted, while controllers of ...

Published 09 Feb, 2023 06:41am

Dissolved assemblies of KP, Punjab: President urges ECP to announce election dates

ISLAMABAD: President Dr Arif Alvi, Wednesday, wrote a letter to the Election Commission of Pakistan (ECP) to ...

Published 09 Feb, 2023 06:02am

LHC suspends acceptance of 43 PTI MNAs’ resignations

LAHORE: The Lahore High Court on Wednesday suspended the action of Speaker National Assembly accepting the...

Published 09 Feb, 2023 06:02am

PIA to perform ‘Check Maintenance’ at Islamabad

ISLAMABAD: PIA has achieved another milestone by acquiring approval from Pakistan Civil Aviation Authority (PCAA) to...

Published 09 Feb, 2023 06:02am

Taxes

FTO terms delay in changing taxpayers’ jurisdiction ‘maladministration’

LAHORE: Inordinate delay in changing the jurisdiction of taxpayers is tantamount to maladministration, said Federal...

Published 09 Feb, 2023 06:02am

PTI decides to keep election candidates away from ‘jail bharo’ movement

LAHORE: The Pakistan Tehreek-e-Insaf (PTI) has decided that its candidates participating in the by-elections on the...

Published 09 Feb, 2023 06:02am

Murree police granted one-day transit remand of Rashid

ISLAMABAD: A local court on Wednesday granted one-day transit remand of Awami Muslim League (AML) chief former...

Published 09 Feb, 2023 06:02am

PM, Zardari among bigwigs who benefited from NAO amendments, SC told

ISLAMABAD: The Supreme Court was informed that Prime Minister Shehbaz Sharif, ex-PM Nawaz Sharif, former president...

Published 09 Feb, 2023 06:02am

PARTLY FACETIOUS: His empire is too limited

“It has piqued my interest too.” “What? That Ishaq Dar was allowed to expand his empire by inducting four new...

Published 09 Feb, 2023 06:02am

USAID team meets Marri at Pak embassy in Washington

ISLAMABAD: A delegation of USAID, headed by Michael Schiffer, Assistant Administrator of the Bureau for Asia, called...

Published 09 Feb, 2023 06:02am

Officials’ statments cast doubts over timely polls in Punjab

ISLAMABAD: What appears to be a vivid indication that general elections in the country might face an inordinate...

Published 09 Feb, 2023 06:02am

CM seeks Chinese technology to tackle smog

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi, in a meeting with the Consul General of China Zhao Shiren, ...

Published 09 Feb, 2023 06:02am

Lahore Qalandars believe in giving chances to emerging players, says head coach

LAHORE: Lahore Qalandars’ Head Coach, Aqib Javed has said they believe in giving our emerging players chances and...

Published 09 Feb, 2023 06:02am

Pak rescue team starts relief operation in Turkiye

LAHORE: Pakistan Rescue Team has started urban search and rescue operations in Türkiye and pulled alive from the...

Published 09 Feb, 2023 06:02am

Surge in dollar’s value fuels shortage of drugs, surgical instruments

LAHORE: After the surge in value of US dollars, the scarcity of life-saving drugs and surgical instruments was...

Published 09 Feb, 2023 06:02am

Gill resents being described as ‘traitor’

LAHORE: Pakistan Tehreek-e-Insaf (PTI) senior leader Shahbaz Gill has said that he was not a traitor and saw his...

Published 09 Feb, 2023 06:02am

Stocks

European shares rise on upbeat cues from Powell

PARIS: European shares rose on Wednesday, lifted by positive cues from US Federal Reserve Chair Jerome Powell’s...

Published 09 Feb, 2023 06:02am

Stocks

Indian shares close higher after RBI rate hike

BENGALURU: Indian shares settled higher on Wednesday after the Reserve Bank of India delivered an expected 25 basis...

Published 09 Feb, 2023 06:02am

What about PTI’s ‘red line’?

Now it’s questioning the ‘jail bharo tehreek’ that triggers a torrent of online abuse where PTI’s (Pakistan...

Updated 09 Feb, 2023 06:22am

Governance reforms anchored in civil service reforms–II

Compensation structure, Civil servants complain about commitment and performance demotivation because their...

Updated 09 Feb, 2023 06:25am

Brussels on tenterhooks for long-awaited Zelensky visit

Ukrainian President Volodymyr Zelensky has so far only made one trip abroad since Russia invaded his country almost ...

Updated 09 Feb, 2023 06:31am

Letters

KPK: Where was Rs417bn spent?

According to a Business Recorder news item, “The federal cabinet has reportedly decided to conduct financial and...

Published 09 Feb, 2023 06:02am

Polling in remaining UCs: JI sets two-day deadline for election schedule

KARACHI: The Karachi chapter of Jamaat-e-Islami (JI) has set a two-day deadline for the Election Commission of...

Published 09 Feb, 2023 06:02am

Biden vows ‘to protect’ country, refers to China balloon

WASHINGTON: US President Joe Biden said in his State of the Union address on Tuesday that he would cooperate with...

Published 09 Feb, 2023 06:02am

KalPay, Taleem Finance sign MoU to facilitate education financing

LAHORE: One of the biggest and least-addressed market gaps in the world is educational financing. With a massive...

Published 09 Feb, 2023 06:02am

Iesco grants appointment letters to relatives of deceased workers

ISLAMABAD: Chairman of Board of Directors of Iesco Engineer Qamar-ul-Islam Raja on Wednesday distributed letters for...

Published 09 Feb, 2023 06:02am

Industry

Govt committed to ensuring business-friendly environment: governor

LAHORE: Punjab Governor Muhammad Baligh-ur-Rehman on Wednesday said the country is currently facing many challenges...

Published 09 Feb, 2023 06:02am

Dar meets senior officers at FBR headquarters

ISLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar visited the headquarters of Federal...

Published 09 Feb, 2023 06:02am

The Weather

KARACHI: The weather report on Wednesday (February 08, 2023) and the forecast for Thursday (February 09, 2023)...

Published 09 Feb, 2023 06:02am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 09 Feb, 2023 06:02am

Stocks

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

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

Published 09 Feb, 2023 06:02am

Stocks

Last date of renunciation/payment

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

Published 09 Feb, 2023 06:02am

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 09 Feb, 2023 06:02am

Rates

PSX ends on positive note

KARACHI: Pakistan Stock Exchange closed on positive note on third consecutive day on the back of healthy buying as...

Published 09 Feb, 2023 06:02am

Energy

Gasoil margins recover after two-day loss

SINGAPORE: Asia’s 10-ppm sulphur gasoil margins recovered from two straight days of losses and closed at $26.74 a...

Published 09 Feb, 2023 06:02am

Energy

HSFO steadies; Fujairah stocks at 34-week lows

SINGAPORE: The market for high sulphur fuel oil (HSFO) steadied on Wednesday, having softened in recent sessions,...

Published 09 Feb, 2023 06:02am

Energy

US natgas futures slide

NEW YORK: US natural gas futures lost about 2% on Wednesday on a slow rise in output as warmer weather thaws frozen...

Published 09 Feb, 2023 06:02am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 86,198 tonnes of cargo comprising 49,417 tonnes of import cargo and 36,781...

Published 09 Feb, 2023 06:02am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday (February 08, 2023)....

Published 09 Feb, 2023 06:02am

Cotton & Textile

Lacklustre trading on cotton market

LAHORE: The local cotton market on Wednesday remained steady and the trading volume remained satisfactory. Cotton...

Published 09 Feb, 2023 06:02am

Grains

EU wheat rises in late trade

PARIS: European wheat prices rose in late trade on Wednesday, tracking US markets, but traders said it remained...

Published 09 Feb, 2023 06:02am

Stocks

Most Gulf markets gain as interest rate fears ease

DUBAI: Most Gulf stock markets closed higher on Wednesday, tracking oil and global equities after comments from the...

Published 09 Feb, 2023 06:02am

Commodities

Copper dips on uncertainty over central bank rate hikes

LONDON: Copper prices slipped on Wednesday as investors sought to digest the latest comments by US Federal Reserve...

Published 09 Feb, 2023 06:02am

Commodities

Gold edges higher in choppy trade

NEW YORK: Gold prices edged back up in a choppy session on Wednesday tracking a pullback in the dollar, while...

Published 09 Feb, 2023 06:02am

Commodities

Palm oil hits one-month closing high on supply worries

KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday to a one-month closing high, as investors awaited key...

Published 09 Feb, 2023 06:02am

Stocks

Wall St falls as policymakers’ comments fan rate hike worries

NEW YORK: Wall Street’s main stock indexes slipped on Wednesday as comments from Federal Reserve officials...

Published 09 Feb, 2023 06:02am

Rates

LME official prices

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

Published 09 Feb, 2023 06:02am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (February 08, 2023)...

Published 09 Feb, 2023 06:02am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (February 08, 2023). =======================================...

Published 09 Feb, 2023 06:02am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 08, 2023)....

Published 09 Feb, 2023 06:02am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (February 08, 2023). ======================== Open ...

Published 09 Feb, 2023 06:02am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (February 08, 2023)....

Published 09 Feb, 2023 06:02am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (February 08, 2023)....

Published 09 Feb, 2023 06:02am

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 09 Feb, 2023 06:02am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (February 08, 2023)....

Published 09 Feb, 2023 06:02am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (February 08, 2023). ====================================...

Published 09 Feb, 2023 06:02am

Rates

BOARD MEETINGS

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

Published 09 Feb, 2023 06:02am

Rates

Board meetings in progress

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

Published 09 Feb, 2023 06:02am

Rates

Dividend/Bonus Announcements

KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange....

Published 09 Feb, 2023 06:02am

Rates

Proposed right issues

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

Published 09 Feb, 2023 06:02am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Wednesday (February 08, 2023). ======================== Offer Price...

Published 09 Feb, 2023 06:02am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Wednesday (February 08, 2023). ======================== Offer Price...

Published 09 Feb, 2023 06:02am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Wednesday (February 08, 2023). ======================== Offer...

Published 09 Feb, 2023 06:02am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Wednesday (February 08, 2023). ======================== Offer Price...

Published 09 Feb, 2023 06:02am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Wednesday (February 08, 2023). ======================== Offer Price...

Published 09 Feb, 2023 06:02am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Wednesday (February 08, 2023). ======================== Offer Price 1,277.2226...

Published 09 Feb, 2023 06:02am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 08, 2023). ...

Published 09 Feb, 2023 06:02am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 08, 2023). ...

Published 09 Feb, 2023 06:02am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (February 08, 2023). ========================== ...

Published 09 Feb, 2023 06:02am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (February 08, 2023)....

Published 09 Feb, 2023 06:02am

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 09 Feb, 2023 06:02am

Forex

Open market rates of foreign currencies

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

Published 09 Feb, 2023 06:02am

Most of country’s PSEs ripe for sale or closure?

PM for expediting sell-off process

Updated 09 Feb, 2023 08:51am

IMF talks: ‘Some understanding’ reached: MoS Pasha

Previous Day

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 2 Dewan Sugar Mills Limited(DWSM)	3.73 ▲ 1.00 (36.63%)
Universal Ins. / Dec 2 The Universal Insurance Company Limited(UVIC)	6.15 ▲ 1.00 (19.42%)
Abdullah Shah / Dec 2 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.13 ▲ 0.96 (15.56%)
JS Global Banking / Dec 2 JS Global Banking Sector (ETF)(JSGBETF)	13.53 ▲ 1.78 (15.15%)
Saritow Spinning / Dec 2 Saritow Spinning Mills Limited(SSML)	7.98 ▲ 1.00 (14.33%)
Ruby Textile / Dec 2 Ruby Textile Mills Limited(RUBY)	5 ▲ 0.60 (13.64%)
Waves Home Appliances / Dec 2 Waves Home Appliances Limited(WHALE)	8.12 ▲ 0.86 (11.85%)
Trust Sec.& Brok. / Dec 2 Trust Securities & Brokerage Limited(TSBL)	10.06 ▲ 1.00 (11.04%)
Pak Gulf Leasing / Dec 2 Pak-Gulf Leasing Company Limited(PGLC)	7.75 ▲ 0.73 (10.40%)
Next Capital / Dec 2 Next Capital Limited(NEXT)	6.22 ▲ 0.55 (9.70%)

Stock	Price
Aruj Industries / Dec 2 Aruj Industries Limited(ARUJ)	8.02 ▼ -1.00 (-11.09%)
Askari Life Assur. / Dec 2 Askari Life Assurance Company Limited(ALAC)	5.45 ▼ -0.50 (-8.40%)
Hallmark Co. / Dec 2 Hallmark Company Limited(HCL)	196.11 ▼ -15.90 (-7.50%)
Siemens Pak. / Dec 2 Siemens (Pakistan) Engineering(SIEM)	717.18 ▼ -58.15 (-7.50%)
Universal Network (GEM) / Dec 2 Universal Network Systems Limited (GEM)(GEMUNSL)	30.52 ▼ -2.47 (-7.49%)
Suraj Cotton / Dec 2 Suraj Cotton Mills Limited(SURC)	146 ▼ -10.75 (-6.86%)
Clover Pakistan / Dec 2 Clover Pakistan Limited(CLOV)	23.75 ▼ -1.62 (-6.39%)
Kohinoor Power / Dec 2 Kohinoor Power Company Limited(KOHP)	5.10 ▼ -0.32 (-5.90%)
Tata Textile / Dec 2 Tata Textile Mills Limited(TATM)	72.30 ▼ -3.69 (-4.86%)
Jubilee Spinning / Dec 2 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.40 ▼ -0.32 (-4.76%)

Stock	Volume
Maple Leaf Cement / Dec 2 Maple Leaf Cement Factory Limited(MLCF)	42,339,484 ▲ 2.90
Pak Elektron / Dec 2 Pak Elektron Limited(PAEL)	39,182,221 ▲ 1.15
Fauji Foods Ltd / Dec 2 Fauji Foods Limited(FFL)	34,548,158 ▼ -0.07
Fauji Fert Bin / Dec 2 Fauji Fertilizer Bin Qasim Limited(FFBL)	33,025,000 ▲ 0.50
WorldCall Telecom / Dec 2 Worldcall Telecom Limited(WTL)	28,095,487 ▲ 0.03
Fauji Cement / Dec 2 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 1.32
Hum Network / Dec 2 Hum Network Limited(HUMNL)	21,957,500 ▲ 0.41
Dewan Cement / Dec 2 Dewan Cement Limited(DCL)	17,398,000 ▼ -0.13
B.O.Punjab / Dec 2 The Bank of Punjab(BOP)	16,209,942 ▼ -0.07
D.G.K.Cement / Dec 2 D.G. Khan Cement Company Limited(DGKC)	14,240,564 ▲ 5.49

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 1	148.16
USD to Swiss Franc / Dec 1	0.87
Pound Sterling to USD / Dec 1	1.26
Euro to USD / Dec 1	1.09
UK LIBOR % / Nov 30	5.46

Stock	Volume
S&P 500 / Dec 1	4556.94
India Sensex / Dec 1	67481.19
Tokyo Nikkei / Dec 1	33431.51
Nasdaq / Dec 1	14187.27
Hang Seng / Dec 1	16830.30
FTSE 100 / Dec 1	7501.93
Dow Jones / Dec 1	35968.23
Germany DAX 30 / Dec 1	16335.19
France CAC40 / Dec 1	7342.95

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 30	17435
Crude Oil USD/Barrel / Dec 1	76.13
Gold 10 Grams PKR / Dec 1	189043
Gold Spot USD/Ounce / Dec 1	2038.53
Cotton US¢/pound / Dec 1	79.92

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