News Archives for Print - 2023-05-04

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Print - 2023-05-04

EU eyes ‘blacklist’ of corrupt individuals worldwide

BRUSSELS: The European Union unveiled proposals on Wednesday to crack down on corruption in the bloc, including a...

Published 04 May, 2023 04:26am

258 million needed urgent food aid in 2022: UN

PARIS: Some 258 million people needed emergency food aid last year because of conflict, economic shocks and climate...

Published 04 May, 2023 04:26am

South Asia

India plans to disband cantonments, convert them to military stations

KARACHI: India has planned to disband cantonments and convert them into “exclusive military stations”, reported...

Published 04 May, 2023 04:26am

Raisi praises Assad for successfully overcoming sanctions

DAMASCUS: Visiting Iranian President Ebrahim Raisi hailed Syria’s Bashar al-Assad on Wednesday for overcoming...

Published 04 May, 2023 04:26am

Body formed to fix Roosevelt Hotel issues

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has constituted three-member committee headed by...

Published 04 May, 2023 04:26am

PM arrives in London

LONDON: Prime Minister Shehbaz Sharif arrived here on Wednesday to attend the coronation ceremony of King Charles...

Published 04 May, 2023 04:26am

Mercury in Punjab plunges to 24C

LAHORE: The ongoing cold weather spell in the country has led to a drop in temperature to 24C in Punjab against 42C...

Published 04 May, 2023 04:26am

Proceedings’ record: SC’s order leaves MNAs fuming

ISLAMABAD: Amid strong protests by lawmakers against handing over the National Assembly proceedings’ record to the...

Published 04 May, 2023 04:26am

Press freedom: NA passes resolution

ISLAMABAD: The National Assembly Wednesday unanimously passed a resolution on “World Press Freedom Day” and...

Published 04 May, 2023 04:26am

Bail pleas: IHC summons IK

ISLAMABAD: The Islamabad High Court (IHC) ordered Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan to appear ...

Published 04 May, 2023 04:26am

APC for ensuring supremacy of parliament, holding same-day elections

ISLAMABAD: The All Parties’ Conference (APC) convened by the Awami National Party (ANP) on Wednesday urged for...

Published 04 May, 2023 04:26am

Caretaker CM visits Shujaat’s residence, vows action against ‘culprits’ behind raid

LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi visited the residence of senior politician and head of...

Published 04 May, 2023 04:26am

119th M P Bhandara Memorial Polo Cup concludes

RAWALPINDI: Chief Executive Murree Brewery Company Isphanyar Bhandara says that sports always help to maintain a...

Published 04 May, 2023 04:26am

Tackling climate change: SBP governor for fortifying co-op in Saarc region

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmed has emphasized on the importance of discussing the...

Published 04 May, 2023 04:26am

Bosal posted as Special Secretary Finance

ISLAMABAD: The government on Wednesday posted Imdadullah Bosal as Special Secretary Finance. A notification to this...

Published 04 May, 2023 04:26am

Belarus FM due this month

ISLAMABAD: Foreign Minister of Belarus Sergei Aleinik is likely to visit Pakistan in the last week of the current...

Published 04 May, 2023 04:26am

Raw material scarcity, smuggling hurting tyre industry

KARACHI: The local tyre industry is facing a two-fold problem - shortage of raw material and the influx of smuggled...

Published 04 May, 2023 04:26am

Pakistani journalist abducted, allegedly electrocuted: CPJ

NEW YORK: Pakistan authorities must conduct an immediate and impartial investigation into the abduction and alleged...

Published 04 May, 2023 04:26am

Sherry, German minister discuss climate change cooperation

ISLAMABAD: Federal Minister for Climate Change and Environmental Coordination Senator Sherry Rehman held a bilateral...

Published 04 May, 2023 04:26am

Penumbral lunar eclipse

KARACHI: The world is set to see the penumbral lunar eclipse during the night hours between May 5 and May 6, 2023, ...

Published 04 May, 2023 04:26am

NA body takes strong exception to MNA arrest without speaker nod

ISLAMABAD: A National Assembly panel on Wednesday took strong exception to the arrest of a Member National Assembly...

Published 04 May, 2023 04:26am

MQM calls for national process of consultation

ISLAMABAD: The Muttahida Qaumi Movement (MQM), on Wednesday, stressed the need of a national process of ...

Published 04 May, 2023 04:26am

KVTC students to attend Taekwondo event in Japan

KARACHI: Karachi Vocational Training Centre (KVTC) CEO Senator Abdul Haseeb Khan has said that six students of KVTC...

Published 04 May, 2023 04:26am

KATI, Administrator Korangi agree to make industrial area clean, green

KARACHI: Korangi Association of Trade and Industry (KATI) with the cooperation of Administrator Korangi Sharif Khan...

Published 04 May, 2023 04:26am

Imran Khan advised to take rest

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has been advised to take complete rest to avoid further...

Published 04 May, 2023 04:26am

IK granted one-day exemption from appearance in Toshakhana case

ISLAMABAD: A local court on Wednesday granted a one-day exemption to Pakistan Tehreek-e-Insaf (PTI) chief and former...

Published 04 May, 2023 04:26am

Bilawal takes political leadership into confidence over India visit

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari on Wednesday took the political leadership into confidence ahead...

Published 04 May, 2023 04:26am

The Weather

KARACHI: The weather report on Wednesday (May 03, 2023) and the forecast for Thursday (May 04, 2023)...

Published 04 May, 2023 04:26am

ECP moves SC seeking review of Punjab election order

ISLAMABAD: The Election Commission of Pakistan (ECP) contended that the framers of the Constitution have given the...

Published 04 May, 2023 04:26am

Bilawal to leave for India today

ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari will leave for India today (Thursday) to lead Pakistan’s...

Published 04 May, 2023 04:26am

Partly Facetious: An elite capture without qualifications

“Let’s say I am a bank manager and you are one of my biggest borrowers, you never implement structural changes...

Published 04 May, 2023 04:26am

Stocks

Wall Street subdued ahead of Fed meeting outcome

NEW YORK: Wall Street’s main indexes were muted on Wednesday as investors steered clear of big bets ahead of the...

Published 04 May, 2023 04:26am

Inflation: permanent or transitory?

The Fed has been much derided for its 2021 characterisation of the spike in inflation being ‘transitory’ – to...

Published 04 May, 2023 04:26am

Exports, not loans, constitute solution

Textile exports for April, 2023 clocked in at $1.24 billion, a staggering $500 million less than the previous...

Published 04 May, 2023 04:26am

Letters

“The ‘Little Boy’ next door”

This is apropos a Business Recorder editorial “The ‘Little Boy’ next door” carried by the newspaper...

Published 04 May, 2023 04:26am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 04 May, 2023 04:26am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (May 03, 2023). ==================================== BR...

Published 04 May, 2023 04:26am

Stocks

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

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

Published 04 May, 2023 04:26am

Rates

BOARD MEETINGS

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

Published 04 May, 2023 04:26am

Rates

Dividend/Bonus Announcements

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

Published 04 May, 2023 04:26am

Stocks

Last date of renunciation/payment

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

Published 04 May, 2023 04:26am

Rates

Proposed right issues

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

Published 04 May, 2023 04:26am

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 04 May, 2023 04:26am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (May 03, 2023). ========================== KIBOR...

Published 04 May, 2023 04:26am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (May 03, 2023)....

Published 04 May, 2023 04:26am

Rates

Bulls rule the roost

KARACHI: Pakistan Stock Exchange Wednesday witnessed another bullish session on the back of healthy buying in ...

Published 04 May, 2023 04:26am

‘Online Only Brokers’ SECP approves regulatory framework

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved the regulatory framework for...

Updated 04 May, 2023 09:50am

20pc customs duty, RD on import of edible oils, oilseeds proposed

ISLAMABAD: The government has proposed 20 percent customs duty and regulatory duty on the import of edible oils and...

Updated 04 May, 2023 09:13am

Commodities

ICE canola futures rise

WINNIPEG, (Manitoba): ICE canola futures rose on Tuesday on a modest resumption of buying after three sessions of...

Published 04 May, 2023 04:26am

Energy

HSFO margin firms

SINGAPORE: Asia’s refining margin for 380-cst high sulphur fuel oil (HSFO) climbed to nearly a year’s high on...

Published 04 May, 2023 04:26am

Energy

US natgas futures drop

NEW YORK: US natural gas futures dropped about 5% on Tuesday as drillers keep pulling record amounts of gas out of...

Published 04 May, 2023 04:26am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 22.357...

Published 04 May, 2023 04:26am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 163,465 tonnes of cargo comprising 111,862 tonnes of import cargo and 51,603...

Published 04 May, 2023 04:26am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 03, 2023)...

Published 04 May, 2023 04:26am

Cotton & Textile

Subdued business on cotton market

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

Published 04 May, 2023 04:26am

Commodities

Palm oil reverses early losses

KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Wednesday to end higher for a second session,...

Published 04 May, 2023 04:26am

Commodities

Aluminium, copper prices fall

LONDON: Aluminium and copper prices in London fell on Wednesday as investors awaited the US Federal Reserve’s...

Published 04 May, 2023 04:26am

Energy

Oil lower ahead of expected Fed rate hikes

NEW YORK: Oil prices fell 4% on Wednesday, extending steep losses from the previous session, as investors fretted...

Published 04 May, 2023 04:26am

Energy

PARCO team meets Sindh energy minister

KARACHI: A three-member delegation of Pak Arab Refinery Limited (PARCO) Wednesday met with Sindh Energy Minister...

Published 04 May, 2023 04:26am

Energy

POL products: April sales decline 46pc to 1.17MTs YoY

KARACHI: Total sales of petroleum products in the country arrived at 1.17 million tons in April 2023, depicting a...

Published 04 May, 2023 04:26am

Energy

Thar Coal Mine-III: LC issue jeopardises mining process

KARACHI: The mining process of Phase III of the Thar Coal Mine Block II is in jeopardy as critical equipment and...

Published 04 May, 2023 04:26am

Commodities

Gold, silver hit new highs

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

Published 04 May, 2023 04:26am

Energy

Low upliftment of HSD: ARL seeks Orga’s intervention

ISLAMABAD: Attock Refinery Limited (ARL) has sought intervention from the Oil and Gas Regulatory Authority (Ogra) -...

Published 04 May, 2023 04:26am

Rates

LME official prices

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

Published 04 May, 2023 04:26am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 03, 2023)...

Published 04 May, 2023 04:26am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (May 03, 2023). ======================================= Offset...

Published 04 May, 2023 04:26am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 03, 2023)....

Published 04 May, 2023 04:26am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (May 03, 2023). ======================== Open Bid Rs...

Published 04 May, 2023 04:26am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (May 03, 2023)....

Published 04 May, 2023 04:26am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (May 03, 2023)....

Published 04 May, 2023 04:26am

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 04 May, 2023 04:26am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (May 03, 2023)....

Published 04 May, 2023 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 04 May, 2023 04:26am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (May 03,...

Published 04 May, 2023 04:26am

Notices to traders under anti-money laundering law: Senate body on finance seeks clarification

FBR officials brief parliament on detailed list containing names of all persons/businesses issued notices under Anti-Money Laundering Act (AMLA)

Updated 04 May, 2023 09:13am

Multi-pronged strategy being worked out to deal with smuggling: MoS Aisha

ISLAMABAD: Minister of State for Finance Aisha Ghaus Pasha Wednesday said the government is working on a...

Updated 04 May, 2023 09:16am

KE ready to settle Rs 47bn clawback issue with Nepra

ISLAMABAD: K-Electric (KE) on Wednesday showed willingness to an out of court settlement of seven-year long...

Updated 04 May, 2023 09:16am

Punjab elections: PTI seeks implementation of SC’s April 4 order in letter and spirit

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) has prayed to the Supreme Court (SC) that its judgement dated 04.04.2023...

Updated 04 May, 2023 09:36am

IK asks his supporters to express ‘solidarity with CJP’

LAHORE: Former premier and Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan asked the workers and supporters to...

Updated 04 May, 2023 09:36am

Federal govt files reference against IK, ex-CJP Nisar

ISLAMABAD: The federal government on Wednesday filed a reference against Pakistan Tehreek-e-Insaf (PTI) Chief Imran...

Updated 04 May, 2023 09:16am

Data sharing: FBR inks accords with Sindh, Balochistan revenue boards

ISLAMABAD: The Federal Board of Revenue (FBR) has signed data sharing agreements with Board of Revenue Sindh, and...

Updated 04 May, 2023 09:54am

Listed banks: High interest rate brings in record profitability

KARACHI: Pakistan listed banks profitability increased to record Rs 126 billion, up 56 percent on year-on-year basis...

Updated 04 May, 2023 09:15am

10-year audit: PAC again summons SC Registrar

ISLAMABAD: The National Assembly’s Public Accounts Committee (PAC) has summoned the Supreme Court’s Registrar on May...

Updated 04 May, 2023 09:52am

Taxes

Zero-rated sectors: KCCI demands govt restore RCET

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while expressing deep...

Published 04 May, 2023 04:26am

Taxes

‘Unprecedented’ hike in FED on cigarettes resented

LAHORE: Expressing serious concerns over the government’s unprecedented increase in the FED rate on locally...

Published 04 May, 2023 04:26am

Farmers must be enabled to reap benefits of bumper wheat crop: PM

LAHORE: Emphasising the need for practical steps to ensure extending full benefits of bumper wheat crop to the...

Published 04 May, 2023 04:26am

April cement despatches fall 16.55pc to 2.95m tons YoY

LAHORE: Current economic turmoil has badly impacted the cement consumption as the sector registered a decline by...

Published 04 May, 2023 04:26am

Money & Banking

Dollar dips before expected Fed hike and possible pause

NEW YORK: The dollar fell on Wednesday before the Federal Reserve is expected to hike rates for possibly the last...

Published 04 May, 2023 04:26am

Future of Pak-US engagement

EDITORIAL: If Masood Khan, Pakistan’s envoy in Washington, didn’t expect his call for resumption of military aid...

Published 04 May, 2023 04:26am

Trade deficit down, inflation up

EDITORIAL: Pakistan Bureau of Statistics (PBS) noted a narrowing of the trade deficit to 23.71 billion dollars...

Published 04 May, 2023 04:26am

Money & Banking

HBL launches digital invoicing payment solution

KARACHI: HBL launches Digital Invoicing, an innovative payment solution designed for social media sellers, small...

Published 04 May, 2023 04:26am

Taxes

Sindh LG Dept to collect property tax across province

KARACHI: Additional Chief Secretary Local Government Sindh, Syed Najam Ahmad Shah has directed the administrators of...

Published 04 May, 2023 04:26am

Int’l Conference on Managing Pakistan’s Economy: SBP recommends comprehensive reform programme

LAHORE: Economists and researchers discussed their findings and gave suggestions with regard to Pakistan’s banking...

Published 04 May, 2023 04:26am

Rules violation: SBP cancel EC’s licence

KARACHI: The State Bank or Pakistan (SBP) has announced cancellation of the licence issued to M/s Mega Currency...

Published 04 May, 2023 04:26am

Ipsos Global Trends 2023: Pakistanis trust business leaders more than govt

Industry

KP flour millers for lifting ban on wheat movement from Punjab

PESHAWAR: Flour millers in Khyber Pakhtunkhwa demanded to lift an unconstitutional and illegitimate ban on wheat...

Published 04 May, 2023 04:26am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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