News Archives for Print - 2023-06-29

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Print - 2023-06-29

Prigozhin aimed to capture Russian generals: report

WASHINGTON: Wagner army chief Yevgeny Prigozhin aimed to detain the heads of the Russian military in last week’s...

Published 29 Jun, 2023 04:19am

France braces for protests after ‘unforgivable’ police shooting

PARIS: France braced for more angry protests Wednesday after the killing of a teenager by police during a traffic...

Published 29 Jun, 2023 04:19am

Companies

Nissan installed camera to monitor No. 2’s home

TOKYO: Nissan installed a camera surveillance system at the home of former executive Ashwani Gupta so the...

Published 29 Jun, 2023 04:19am

Trump heard discussing secret documents on tape

WASHINGTON: Former US president Donald Trump can be heard discussing secret documents he had apparently held on to...

Published 29 Jun, 2023 04:19am

Eid festivities and monsoon season: KE advises caution

KARACHI: KE requested citizens to be vigilant and maintain best and safe practices during the Eid celebrations and...

Published 29 Jun, 2023 04:19am

CM, ACE praised for probing ‘corruption’ in ‘PU Town 3’

LAHORE: The Executive Committee of Punjab University Council of Professionals (PU CoPs) including its members of...

Published 29 Jun, 2023 04:19am

‘Increase in policy rate to further damage investment climate’

KARACHI: Former State minister and former chairman Board of Investment Muhammad Azfar Ashan has said that increase ...

Published 29 Jun, 2023 04:19am

The Weather

KARACHI: The weather report on Wednesday (June 28, 2023) and the forecast for Thursday (June 29, 2023)...

Published 29 Jun, 2023 04:19am

Eid-ul-Azha today

LAHORE: Eid-ul-Azha will be celebrated with religious fervour on Thursday (today) to commemorate the great sacrifice...

Updated 29 Jun, 2023 09:11am

LHC asks SNGPL CEO to resume office, assails board

LAHORE: The Lahore High Court (LHC) allowing a petition of Chief Executive Officer of Sui Northern Gas Pipelines...

Updated 29 Jun, 2023 03:24pm

‘Appointment of ineligible person’: LHC issues notices to PM, others

ISLAMABAD: Lahore High Court (LHC) has issued notices to Prime Minister Shehbaz Sharif, Secretaries Establishment...

Updated 29 Jun, 2023 09:12am

Senate chief’s perks: Sanjrani defends controversial bill

ISLAMABAD: Senate Chairman Sadiq Sanjrani has presented himself for accountability after resigning from his office...

Updated 29 Jun, 2023 09:13am

Pre-monsoon rains: KP PDMA issues guidelines

PESHAWAR: Keeping in view more pre-monsoon rains, the Provincial Disaster Management Authority (PDMA) Khyber...

Published 29 Jun, 2023 04:19am

May 9 mayhem: 17 army officers removed through an administrative action: Khaqan

ISLAMABAD: Former prime minister and PML-N leader Shahid Khaqan Abbasi has maintained that sacking of 17 army...

Published 29 Jun, 2023 04:19am

3 terrorists killed in Bajaur: ISPR

RAWALPINDI: Security forces conducted an Intelligence Based Operation in general area Inayat Qilla, Bajaur District...

Published 29 Jun, 2023 04:19am

Ex-minister, city mayor held at Swat

SWAT: The authorities on Wednesday arrested PTI former Khyber Pakhtunkhwa minister Dr Amjad Ali and city mayor ...

Published 29 Jun, 2023 04:19am

Khosa house attacker arrested

LAHORE: Lahore police have arrested the main culprit of the firing incident at Advocate Latif Khosa’s House. The...

Published 29 Jun, 2023 04:19am

PML-N leader demands action against ‘launchers’ of ‘Project Chairman PTI’

LAHORE: Federal Minister and PML-N leader Mian Javed Latif said on Wednesday that general elections in the country...

Published 29 Jun, 2023 04:19am

Nine of a family massacred in Malakand

MALAKAND: As many as nine members of a family were gunned down inside their house over a domestic dispute in ...

Published 29 Jun, 2023 04:19am

China, Pakistan sign agreement to co-build ‘Chuyi Workshop’

BEIJING: China’s Hunan Chemical Vocational Technology College (HCVTC) and Infinity School of Engineering, Pakistan...

Published 29 Jun, 2023 04:19am

‘I know something I won’t tell’

I wonder why this trend of ‘I know something extremely important, but I’m not telling anything’ is all the ...

Published 29 Jun, 2023 04:19am

An indecent rendezvous–I

Americans since the Kennedy years have been in romance with India. The credit for this goes to Jawaharlal Nehru’s...

Published 29 Jun, 2023 04:19am

Letters

Criticality of increased inward FDI flows

This apropos a Business Recorder op-ed “Country perception and FDI” carried by the newspaper recently. The...

Published 29 Jun, 2023 04:19am

BNP mulling withdrawing support to ruling coalition?

QUETTA: The Balochistan National Party (BNP), a main ally of the ruling coalition, is reportedly upset with the...

Published 29 Jun, 2023 04:19am

Commodities

Gold prices up Rs1800/tola

****KARACHI: Gold prices on Wednesday made a big recovery on the local market, traders said.** Gold prices grew by...

Published 29 Jun, 2023 04:19am

KMC finalises arrangements for Eid prayers at Polo Ground

KARACHI: The arrangements for Eidul Azha prayer have been completed in the Polo Ground managed by KMC. The Eid...

Published 29 Jun, 2023 04:19am

Energy

Asia Fuel Oil-Spot 180-cst HSFO trades at steeper discounts

SINGAPORE: The spot 180-cst high sulphur fuel oil (HSFO) market sank into steeper discounts on Wednesday, after the...

Published 29 Jun, 2023 04:19am

Grains

Corn near five-week low, soybeans fall on US rains

SINGAPORE: Chicago corn lost more ground on Wednesday, while soybeans slid for a second session as forecasts of ...

Published 29 Jun, 2023 04:19am

Commodities

Copper sinks on weak China industrial profits

LONDON: Copper prices stumbled on Wednesday to the lowest in over three weeks on concern about weak industrial...

Published 29 Jun, 2023 04:19am

Energy

Asia Naphtha, Gasoline-Naphtha margin gains as crude weakens

NEW DELHI: Asia’s naphtha refining profit margin rose for a second day on Wednesday after oil benchmarks weakened...

Published 29 Jun, 2023 04:19am

Commodities

Live cattle futures end higher, lean hogs end mixed

CHICAGO: Chicago Mercantile Exchange live cattle futures rose on Tuesday, rallying after two-session slide as corn...

Published 29 Jun, 2023 04:19am

Grains

Ukraine 2023 wheat harvest may far exceed official outlook

KYIV: Ukraine’s 2023 wheat harvest may far exceed official expectations of 17 million metric tons and reach at...

Published 29 Jun, 2023 04:19am

Commodities

Japanese rubber futures fell

SINGAPORE: Japanese rubber futures fell on Wednesday after a brief Bounce in the previous session, as contracting...

Published 29 Jun, 2023 04:19am

Grains

Canadian farmers plant most wheat in 22 years, more than expected

WINNIPEG: Canadian farmers seeded the most wheat in 22 years, slightly more than expected, and also planted more...

Published 29 Jun, 2023 04:19am

Commodities

Palm rebounds more than 2pc as rival edible oils strengthen

SINGAPORE: Malaysian palm oil futures ended at a more than one-week high on Wednesday, rebounding from the previous...

Published 29 Jun, 2023 04:19am

Energy

US crude, gasoline inventories likely fell last week

NEW YORK: U.S. crude oil and gasoline stockpiles were seen declining last week, while distillate inventories likely...

Published 29 Jun, 2023 04:19am

Commodities

London cocoa hits new 46-year high

LONDON: London cocoa futures on ICE hit their highest since the 1970s on Wednesday, scaling the landmark peak for ...

Published 29 Jun, 2023 04:19am

Commodities

Gold retreats on bets for hawkish Fed strategy

NEW YORK: Gold prices extended their slide on Wednesday to hit their lowest in 3-1/2 months on bets for interest...

Published 29 Jun, 2023 04:19am

Commodities

Dalian iron ore narrows gains on weak China industrial data

BEIJING: Dalian iron ore futures narrowed gains on Wednesday, as some investors retreated to the sidelines on weak...

Published 29 Jun, 2023 04:19am

PM constitutes Dar-led body: Beleaguered PIA comes under sharp focus

PM says PIA will only progress if administrative experts run it professionally

Updated 29 Jun, 2023 03:21pm

Construction of bonded warehouses: Policy introduced to facilitate foreign oil firms

LAHORE: Minister of State for Petroleum Dr Musadik Malik said on Wednesday that government had introduced a new...

Updated 29 Jun, 2023 03:21pm

‘Charter of economy’: Nawaz, Zardari take major step towards ‘goal’?

DUBAI: The coalition partners in the centre Pakistan Muslim League-Nawaz (PML-N) and Pakistan People’s Party (PPP)...

Updated 29 Jun, 2023 03:21pm

Clearing liabilities of CPEC IPPs: ECC relaxes conditions to allow use of Rs21bn as advance payment

ISLAMABAD: The Economic Coordination Committee (ECC) has relaxed conditions to allow use of Rs20.726 billion as...

Updated 29 Jun, 2023 03:23pm

Shares transactions of listed cos: Procedure of capital gain on disposal of securities to remain applicable

ISLAMABAD: The procedure of capital gain on disposal of securities will remain applicable on transactions of shares...

Updated 29 Jun, 2023 03:25pm

Petrol price: relief likely

ISLAMABAD: Consumers may get a relief of Rs6.50 per litre on account of cut in price of petrol effective from July...

Updated 29 Jun, 2023 03:24pm

Number of income tax return filers crosses 4m mark

ISLAMABAD: The latest number of income tax return filers as per the Active Taxpayers List (ATL) now stands at over 4...

Updated 29 Jun, 2023 03:24pm

Taxes

July-June (2022-23): Rs496bn shortfall in collection

ISLAMABAD: Federal Board of Revenue (FBR) has provisionally collected Rs 7144 billion during July-June (2022-23)...

Published 29 Jun, 2023 04:19am

Companies

‘Sectors and Themes’: ADB appoints Yasmin as VP

ISLAMABAD: The Asian Development Bank (ADB) has appointed Fatima Yasmin as Vice-President for Sectors and Themes for...

Published 29 Jun, 2023 04:19am

Business community leader urges IMF to unlock bailout

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 29 Jun, 2023 04:19am

Industry

Agri and allied engineering sector: FCCI keen to resolve issues at provincial level

FAISALABAD: Most of the problems confronted by the agriculture and allied engineering sector are genuine but at this...

Published 29 Jun, 2023 04:19am

Taxes

Pogressive taxation: Punjab govt reviewing mechanism, AIT rates

LAHORE: To make Agriculture Income Tax (AIT) more meaningful in the total provincial revenue collection, the Punjab...

Published 29 Jun, 2023 04:19am

Pacra reaffirms credit rating of PMIC

ISLAMABAD: The Pakistan Credit Rating Agency (Pacra) has maintained the long term and short term entity ratings of...

Published 29 Jun, 2023 04:19am

Need for better ‘track and trace’ system underscored to ensure provision of fertilizers at official rates

LAHORE: Agriculture Republic, a think tank for brainstorming on issues faced by the agricultural sector, has...

Published 29 Jun, 2023 04:19am

Taxes

Tax authorities pass assessment orders on incorrect assumptions?

LAHORE: Departmental store owners have alleged that the income tax authorities pass the assessment orders without...

Published 29 Jun, 2023 04:19am

CPEC: An ongoing journey

EDITORIAL: CPEC’s (China Pakistan Economic Corridor’s) 10-year journey has no doubt been one of game-changing...

Published 29 Jun, 2023 04:19am

CSR, a drop in the ocean of social needs?

EDITORIAL: Former chief justice of Pakistan Tassaduq Hussain Jillani made an interesting point about corporate ...

Published 29 Jun, 2023 04:19am

PKR to come under more pressure in absence of IMF bailout: PBF

KARACHI: Pakistan Business Forum (PBF) says rupee will likely to come under immense pressure in the first quarter of...

Published 29 Jun, 2023 04:19am

Industry

Punjab governor underscores need for enhancing trade with Turkiye

LAHORE: Punjab Governor Muhammad Balighur Rehman has stressed the need to further expand bilateral trade with...

Published 29 Jun, 2023 04:19am

Amendments enacted by Finance Act, 2023 vis-à-vis those proposed in Finance Bill 2023–II

SALES TAX
INCREASE IN RATE OF FURTHER TAX

Published 29 Jun, 2023 04:19am

Industry

Using modern tech, quality seeds crucial to boost agri production: RRDB chairman

LAHORE: Chairman Rice Research and Development Board (RRDB) Government of Punjab Shahzad Ali Malik on Wednesday said...

Published 29 Jun, 2023 04:19am

Companies

Mondelez Pakistan partners with Nutshell Communications

KARACHI: Mondelez Pakistan Limited signed a communications and strategic engagements partnership agreement with...

Published 29 Jun, 2023 04:19am

Industry

Nighat Awan made KATI acting president

KARACHI: In a recent development, Nighat Awan, Senior Vice President of the Korangi Association of Trade and ...

Published 29 Jun, 2023 04:19am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	278.20
USD PKR Interbank Buying / May 9	278
USD to Japanese Yen / May 9	155.57
USD to Swiss Franc / May 9	0.91
Pound Sterling to USD / May 9	1.25
Euro to USD / May 9	1.07

Stock	Volume
S&P 500 / May 8	5187.67
Nasdaq / May 8	16302.76
Dow Jones / May 8	39056.39
India Sensex / May 9	72965.17
Tokyo Nikkei / May 9	38260.75
Hang Seng / May 9	18532.72
FTSE 100 / May 9	8363.71
Germany DAX 30 / May 9	18547.71

Item	Value
Petrol/Litre / May 9	288.49
Crude Oil USD/Barrel / May 9	79.44
Karachi Cotton PKR/37.32 KG / May 9	19935
Gold 10 Grams PKR / May 9	205075
Gold Spot USD/Ounce / May 9	2318.17
Diesel/Litre / May 9	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 9 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 9 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 9 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 9 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 9 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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