News Archives for Print - 2023-10-13

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Print - 2023-10-13

Abdul Rahim Suriya FCA, FCMA, Chairman, Evaluation Committee

TEXT: The Chief Guest, the Guest of Honors, Dignitaries, Ladies and Gentlemen, Assalamu alaykum I welcome all of ...

Published 13 Oct, 2023 07:25am

Ather Saleem FCMA, Chairman, Joint Committee of ICAP & ICMA

TEXT: The Best Corporate and Sustainability Report Awards 2023 are being organized on October 12, 2023, in Karachi ...

Published 13 Oct, 2023 07:25am

Muhammad Ali Latif FCA

TEXT: President, Institute of Chartered Accountants of Pakistan (ICAP) In the face of growing demand for reporting...

Published 13 Oct, 2023 07:25am

Best Corporate and Sustainability Report Awards Ceremony for the year 2022

Dr. Arif Alvi, President of the Islamic Republic of Pakistan TEXT: I am pleased to learn that the Institute of...

Published 13 Oct, 2023 07:25am

Anwaar-ul-Haq Kakar: Caretaker Prime Minister of the Islamic Republic of Pakistan

TEXT: The Best Corporate and Sustainability Report Awards are being organized by the Institute of Chartered...

Published 13 Oct, 2023 07:24am

SHEHZAD AHMED MALIK FCMA, President, Institute of Cost & Management Accountants of Pakistan (ICMAP)

TEXT: The Best Corporate and Sustainability Report Awards 2023, scheduled for October 12, 2023, mark an occasion of...

Published 13 Oct, 2023 07:24am

ICAP Profile

TEXT: The Institute of Chartered Accountants of Pakistan (ICAP), a self-governing, autonomous body, was formed under...

Published 13 Oct, 2023 07:22am

ICMA Profile

TEXT: Institute of Cost and Management Accountants (ICMA) of Pakistan is one of the leading professional accounting...

Published 13 Oct, 2023 07:21am

Best Corporate Reports 2022 Awards: Award winning companies

TEXT: (In Alphabetical Order. Rankings will be revealed during the ceremony) BANKS • Allied Bank Limited •...

Published 13 Oct, 2023 07:21am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (October 12, 2023). ======================================= Offset...

Published 13 Oct, 2023 06:00am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (October 12, 2023). ==================================== BR...

Published 13 Oct, 2023 06:00am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (October 12, 2023). ======================== Open Bid...

Published 13 Oct, 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 Thursday (October 12, 2023)....

Published 13 Oct, 2023 05:58am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 12, 2023)....

Published 13 Oct, 2023 05:58am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (October 12, 2023)...

Published 13 Oct, 2023 05:58am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (October 12, 2023). ========================== KIBOR...

Published 13 Oct, 2023 05:53am

Forex

Open market rates of foreign currencies

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

Published 13 Oct, 2023 05:53am

Food, fresh water rapidly running out: WFP

ROME: The United Nations World Food Programme (WFP) warned on Thursday that crucial supplies were running ...

Published 13 Oct, 2023 05:50am

US sanctions two tanker owners for carrying Russian oil above price cap

WASHINGTON: The US on Thursday imposed the first sanctions on owners of tankers carrying Russian oil above the G7...

Published 13 Oct, 2023 05:50am

Putin in Kyrgyzstan for first trip abroad since court arrest warrant

BISHKEK (Kyrgyzstan): Vladimir Putin arrived in Kyrgyzstan Thursday, visiting abroad for the first time since the...

Published 13 Oct, 2023 05:50am

China, India hold military chief-level talks on border issues

BEIJING: China and India held the 20th round of military chief-level talks on Oct.9-10, the Chinese defence ministry...

Published 13 Oct, 2023 05:50am

Saudi prince, Iran president discuss Israel-Hamas war

RIYADH: Saudi Arabia’s de facto ruler and Iran’s president spoke by phone about the war between Israel and ...

Published 13 Oct, 2023 05:50am

Palestine a matter of faith for Muslims: JI

KARACHI: Jamaat-e-Islami (JI) Karachi Ameer Engr Hafiz Naeemur Rehman has said that Palestine is a matter of faith...

Published 13 Oct, 2023 05:50am

Arbitration: Overview of proposed legislation given

ISLAMABAD: The Arbitration Law Review Committee (ALRC) was informed that proposed legislation will help in resolving...

Published 13 Oct, 2023 05:50am

Need for raising awareness about breast cancer stressed

LAHORE: Out of all the cancers, breast cancer can be treated and cured if detected early, hence, increasing the...

Published 13 Oct, 2023 05:50am

Money laundering case against Elahis adjourned till 23rd

LAHORE: A special court (central) on Thursday adjourned to October 23 the hearing of a money laundering case against...

Published 13 Oct, 2023 05:50am

IG Punjab meets CEO of Netsol

LAHORE: Inspector General Police Punjab Dr Usman Anwar called on Saleem Ghauri, CEO of IT and Software Solutions...

Published 13 Oct, 2023 05:50am

Toshakhana case and Al-Qadir Trust case: ‘NAB not bound to inform Bushra about her arrest’

ISLAMABAD: The Accountability Court on Thursday ruled that the National Accountability Bureau (NAB) is not bound to...

Published 13 Oct, 2023 05:50am

‘KP home dept dishonoured sanctity of Senate’

ISLAMABAD: Senator Hidayatullah on Thursday lambasted Khyber-Pakhtunkhwa home department for withdrawing its...

Published 13 Oct, 2023 05:50am

CS reviews progress on 33 priority projects

LAHORE: Chief Secretary Punjab Zahid Akhtar Zaman, on Thursday, reviewed the pace of work on the 33 priority...

Published 13 Oct, 2023 05:50am

CDA management visits Sectors C-14, C-15 and C-16

ISLAMABAD: The Capital Development Authority (CDA) management visited Sectors C-14, C-15, and C-16 of Islamabad on...

Published 13 Oct, 2023 05:50am

CDA continues its anti-encroachment campaign

ISLAMABAD: The Capital Development Authority (CDA) on Thursday continued its anti-encroachment campaign. Under this...

Published 13 Oct, 2023 05:50am

The Weather

KARACHI: The weather report on Thursday (October 12, 2023) and the forecast for Friday (October 13, 2023)...

Published 13 Oct, 2023 05:50am

PM asks ministries to help resolve issues facing newspaper industry

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq has directed the Ministry of Finance and Information and...

Published 13 Oct, 2023 05:50am

Announcement

Dear readers, Business Recorder has introduced a QR Code for one of its sections (daily stocks, dates of closure of...

Published 13 Oct, 2023 05:50am

Sindh govt to launch land record digitization project

KARACHI: Sindh government is starting an ambitious project of digitization of land records of entire province, as...

Published 13 Oct, 2023 05:50am

AGP identifies financial ‘irregularities’ in NHA

ISLAMABAD: The Auditor General of Pakistan (AGP) observed grave financial irregularities in the National Highways...

Published 13 Oct, 2023 05:50am

CPEC and media exchanges: Chinese CG invites suggestions from APNS

KARACHI: The Consul General of the People’s Republic of China Yang Yundong visited the office of All Pakistan...

Published 13 Oct, 2023 05:50am

Upgradation of 750 police stations planned

LAHORE: Announcing that the government would extend full support to the Punjab Highways Patrol police, the caretaker...

Published 13 Oct, 2023 05:50am

‘Digitalized Pest Surveillance and Reporting System’ launched

LAHORE: The Punjab Agriculture Department on Thursday launched the “Digitalized Pest Surveillance and Reporting...

Published 13 Oct, 2023 05:50am

Traders’ convention: Shehbaz explains criticality of political, economic stability

LAHORE: Terming political stability inevitable for bringing economic development, Pakistan Muslim League-Nawaz...

Published 13 Oct, 2023 05:50am

UK Political Counsellor meets Aleem Khan

LAHORE: The Political Counsellor of the United Kingdom in Pakistan, Ms Zoe Weir, called on President...

Published 13 Oct, 2023 05:50am

HRD LESCO resigns

LAHORE: Human Resource Director (HRD) LESCO Azia Shoaib has resigned while the Company Secretary is all set to face...

Published 13 Oct, 2023 05:50am

ANF spends $14m annually to capture, dispose of $6bn worth of narcotics: official

LAHORE: Commander Anti-Narcotics Force Punjab Brigadier Sikandar Hayat Chaudhry said that narcotics is a strategic...

Published 13 Oct, 2023 05:50am

Syngenta Pakistan recognised for its contribution towards female farmers

LAHORE: Syngenta Pakistan Limited, a leading agriculture innovation and technology company that provides crop...

Published 13 Oct, 2023 05:50am

Vandalism at FJC: ATC approves IK’s bail in three cases

ISLAMABAD: An Anti-Terrorism Court (ATC), on Thursday, approved bail of Pakistan Tehreek-e-Insaf (PTI) Chairman and...

Published 13 Oct, 2023 05:50am

Cipher case: IK’s pleas clubbed

ISLAMABAD: The Islamabad High Court (IHC), Thursday, clubbed Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan’s...

Published 13 Oct, 2023 05:50am

20th Int’l 3P mega exhibition inaugurated

KARACHI: 20th International 3P Plas Print Pack Pakistan - Country’s pioneer and biggest exhibition for plastic,...

Published 13 Oct, 2023 05:50am

Qatar armed forces’ chief meets COAS

ISLAMABAD: Chief of Staff of Qatar Armed Forces Lieutenant General (Pilot) Salem Hamad Eqail Al-Nabet Thursday ...

Published 13 Oct, 2023 05:50am

Kashmir cause: PM lauds sustained efforts of OIC

ISLAMABAD: The Organization of Islamic Cooperation (OIC) Secretary General’s Special Envoy for Jammu and Kashmir...

Published 13 Oct, 2023 05:50am

CERT Rules, 2023 notified to bolster cyber security defences

ISLAMABAD: The Ministry of Information Technology and Telecommunication on Thursday notified the Computer Emergency...

Published 13 Oct, 2023 05:50am

Imran says he’s ‘stronger than ever’

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Thursday reiterated his resolve that he would not...

Published 13 Oct, 2023 05:50am

Outside main building of Ministry: No damage to record or infrastructure reported

ISLAMABAD: Foreign Office spokesperson Mumtaz Zahra Baloch said on Thursday that a small fire erupted because of...

Published 13 Oct, 2023 05:50am

WCLA, GCU sign MoU to preserve cultural heritage

LAHORE: The Walled City of Lahore Authority (WCLA) and Government College University Lahore (GCU) on Thursday signed...

Published 13 Oct, 2023 05:50am

Deficiencies in student’s thesis: UHS to hold supervisors, evaluators accountable

LAHORE: The Advanced Studies and Research Board (ASRB) of the University of Health Sciences (UHS) has decided to ...

Published 13 Oct, 2023 05:50am

‘RUDA believes in cleaner & greener environment’

LAHORE: Ravi Urban Development Authority (RUDA) CEO Imran Amin said that they believe in a cleaner and greener...

Published 13 Oct, 2023 05:50am

Remand of PTI leaders extended

LAHORE: An Anti Terrorism Court on Thursday extended the remand of PTI leaders Dr Yasmin Rashid, Ijaz Chaudhry and...

Published 13 Oct, 2023 05:50am

Health welfare of martyrs’ families: Punjab Police ink MoUs with all major govt hospitals

LAHORE: Inspector General Police Punjab Dr. Usman Anwar has signed MOUs with all major government hospitals of...

Published 13 Oct, 2023 05:50am

Flawed policies: PU-CoPs GB meeting censures PU administration

LAHORE: The Punjab University Council of Professionals (PU-CoPs) general body meeting strongly censured the PU...

Published 13 Oct, 2023 05:50am

Cases against civilians in military courts: PTI for halting process of conducting trial

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Thursday demanded that the concerned quarters and the authorities ...

Published 13 Oct, 2023 05:50am

Police Feedback Management System launched

LAHORE: Punjab Police has become the first police organization in Pakistan to start citizen feedback system on the...

Published 13 Oct, 2023 05:50am

PKRC demands debt cancellation

LAHORE: The Pakistan Kissan Rabita Committee (PKRC) on Thursday held a demonstration in the provincial metropolis to...

Published 13 Oct, 2023 05:50am

Rates

Stocks stay the bullish course

KARACHI: A bullish trend continued on Pakistan Stock Exchange on ninth consecutive day on the back of strong local...

Published 13 Oct, 2023 05:50am

PARTLY FACETIOUS: Will Nawaz land in Pakistan on Oct 21?

“Is it too much to ask for three to four hundred thousand of one’s voters to come out and welcome one!” “I...

Published 13 Oct, 2023 05:50am

Energy

SNGPL says not issued any gas schedule

LAHORE: Sui Northern Gas Pipelines Limited (SNGPL) has denied issuance of any gas schedule by the company.According...

Published 13 Oct, 2023 05:50am

Economic impasse and political instability

The economic challenges of Pakistan are appallingly enduring, and unless we effectively address fiscal discipline...

Updated 13 Oct, 2023 06:26am

Debt and austerity: developing world deep in economic crises

In its ‘World Economic Outlook, October 2023’ Report, the International Monetary Fund (IMF) has said that ‘The...

Updated 13 Oct, 2023 06:40am

Letters

Hamas attacks on Israel constitute another 9/11 for US?

Israel cannot imprison 2.3 Palestinians in the Gaza Strip, the world’s largest open air prison, forever. It will...

Published 13 Oct, 2023 05:50am

No more business as usual—V

Much-needed measures for documenting the economy await promulgation of an ordinance for integration of data across...

Updated 13 Oct, 2023 06:46am

Stocks

Wall Street muted as investors digest inflation data

NEW YORK: Wall Street’s main indexes were subdued in choppy trading on Thursday, as data showed consumer prices...

Published 13 Oct, 2023 05:50am

Stocks

European stocks trim early gains after US CPI data

PARIS: European stocks pared early gains on Thursday after US September inflation rose by more than expected, while...

Published 13 Oct, 2023 05:50am

Stocks

China stocks close up after state fund boosts stakes in banks

SHANGHAI: Chinese shares closed higher on Thursday after a state fund increased its stakes in the country’s ...

Published 13 Oct, 2023 05:50am

Stocks

Most Gulf shares rise on strong oil

DUBAI: Most stock markets in the Gulf rose on Thursday, tracking higher oil prices, while traders kept an eye on the...

Published 13 Oct, 2023 05:50am

Stocks

Indian shares dragged by IT stocks, earnings

BENGALURU: Indian shares closed lower on Thursday, dragged by a slide in information technology (IT) stocks on weak...

Published 13 Oct, 2023 05:50am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 194,726 tonnes of cargo comprising 122,935 tonnes of import cargo and 71,791...

Published 13 Oct, 2023 05:50am

Commodities

Soybeans recover

PARIS/CANBERRA: Chicago soybean futures edged up on Thursday, steadying after a 22-month low as the oilseed markets...

Published 13 Oct, 2023 05:50am

Commodities

Gold trims gains after US inflation data

BENGALURU: Gold prices pared gains on Thursday as dollar and Treasury yields ticked higher after US consumer prices...

Published 13 Oct, 2023 05:50am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 18.569...

Published 13 Oct, 2023 05:50am

Commodities

Copper slides, under pressure from firm dollar

LONDON: Copper prices eased on Thursday after US inflation data boosted the dollar, though measures to support the...

Published 13 Oct, 2023 05:50am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday (October 12, 2023)...

Published 13 Oct, 2023 05:50am

Cotton & Textile

Modest business on cotton market

LAHORE: The local cotton market on Thursday remained bearish and the trading volume remained a little bit low....

Published 13 Oct, 2023 05:50am

Commodities

Japanese rubber

SINGAPORE: Japanese rubber futures jumped to a 15-month high on Thursday amid hopes of more economic stimulus in...

Published 13 Oct, 2023 05:50am

Energy

Oil prices rise on expectations

NEW YORK: Oil prices rose on Thursday on expectations that US interest rates had peaked, but gains were capped by a...

Published 13 Oct, 2023 05:50am

Rates

LME official prices

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

Published 13 Oct, 2023 05:50am

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 13 Oct, 2023 05:50am

IMF’s Fiscal Monitor report: Macroeconomic indicators show deterioration

Fund projects government primary balance at 0.4 percent for 2024

Updated 13 Oct, 2023 09:51am

SIFC body seeks ‘Merit Order’ for gas supply

ISLAMABAD: The Executive Committee of SIFC has directed Petroleum Division to prepare ‘Merit Order’ for supply of...

Updated 13 Oct, 2023 08:54am

Almost all its vacant posts filled: PC moves to quicken SOEs’ sell-off process

ISLAMABAD: The Privatisation Commission filled on Thursday almost all the posts which had been lying vacant for long...

Updated 13 Oct, 2023 09:25am

Forex reserves up $31m

KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves rose by $31 million during the last week....

Updated 13 Oct, 2023 08:44am

Real time basis: FBR asked to evaluate housing schemes in posh areas

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) that the housing schemes in...

Updated 13 Oct, 2023 09:51am

Power projects: Chinese again refuse to renegotiate PPAs

ISLAMABAD: Chinese power projects have, once again, refused to renegotiate Power Purchase Agreements (PPAs) with the...

Updated 13 Oct, 2023 09:49am

Israel-Hamas war a ‘new cloud’ over world economy: IMF

MARRAKESH, (Morocco): The war between Israel and Hamas has darkened the horizon for a world economy that was already...

Updated 13 Oct, 2023 08:18am

Israel says no exceptions to Gaza siege

OCCUPIED JERUSALEM/GAZA/TEL AVIV: Israel said on Thursday there would be no humanitarian exceptions to its siege of...

Published 13 Oct, 2023 05:50am

PM to highlight future priorities of CPEC during China visit: FO

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar will highlight the future priorities of the China-Pakistan...

Updated 13 Oct, 2023 09:26am

Minister says work on CPEC expedited

ISLAMABAD: Caretaker Minister for Planning, Development and Special Initiatives Muhammad Sami Saeed said that work...

Updated 13 Oct, 2023 08:45am

Move to settle Al-Jomaih-KES dispute: Ministerial body to meet on 16th

Companies

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 7	278.32
USD PKR Interbank Buying / May 7	278.12
USD to Japanese Yen / May 7	155.24
USD to Swiss Franc / May 7	0.91
Pound Sterling to USD / May 7	1.25
Euro to USD / May 7	1.07

Stock	Volume
S&P 500 / May 7	5187.70
India Sensex / May 7	73511.85
Tokyo Nikkei / May 7	38342.76
Nasdaq / May 7	16332.56
Hang Seng / May 7	18549.73
FTSE 100 / May 7	8313.67
Dow Jones / May 7	38884.26
Germany DAX 30 / May 7	18430.05

Item	Value
Crude Oil USD/Barrel / May 7	78.06
Karachi Cotton PKR/37.32 KG / May 7	19935
Gold 10 Grams PKR / May 7	205761
Gold Spot USD/Ounce / May 7	2316.80
Cotton US¢/pound / May 7	77.68
Petrol/Litre / May 8	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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