News Archives for Print - 2024-03-07

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Print - 2024-03-07

The Weather

KARACHI: The weather report on Wednesday (March 06, 2024) and the forecast for Thursday (March 07, 2024)...

Published 07 Mar, 2024 04:59am

Sindh CM, World Bank team discuss challenges facing irrigation system

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that Pakistan is facing severe water scarcity, and the...

Published 07 Mar, 2024 04:59am

PM distributes compensation package among KP rain victims

PESHAWAR: Prime Minister Shehbaz Sharif here on Wednesday distributed a huge compensation financial package among...

Published 07 Mar, 2024 04:59am

CPJ demands release of Imran Riaz

NEW YORK: Pakistani authorities must immediately and unconditionally release journalist Imran Riaz Khan, whose...

Published 07 Mar, 2024 04:59am

Team from Pakistan wins laurels at Model UN competition in Greece

KARACHI: A team of students from the Bay View Academy Karachi competed at the Platon School Model United Nations...

Published 07 Mar, 2024 04:59am

Europe

UK govt woos votes with more pre-election tax cuts

LONDON: Britain’s beleaguered government on Wednesday announced a fresh tax cut for millions of workers as it ...

Published 07 Mar, 2024 04:59am

Lahore Qalandars taste first victory in PSL-9

KARACHI: Lahore Qalandars won their first game of the Pakistan Super League (PSL) 9 as they bowled out Islamabad...

Published 07 Mar, 2024 04:59am

Karachi Kings defeat Quetta Gladiators

KARACHI: Karachi Kings’s qualification for playoffs remained intact after they inflicted a seven-wicket defeat on...

Published 07 Mar, 2024 04:59am

JUI-F chief addresses lawyers

LAHORE: Jamiat-e-Ulema Islam-Fazl (JUI-F) Chief Maulana Fazlur Rehman said “The constitution of the country was ...

Published 07 Mar, 2024 04:59am

CDA to ensure supply of high-quality food items in Ramadan

ISLAMABAD: The Capital Development Authority (CDA), on Wednesday, made arrangements to ensure the supply of...

Published 07 Mar, 2024 04:59am

Post-arrest bail pleas: Contempt notice issued for not marking attendance of IK, Bushra

ISLAMABAD: A local court, on Wednesday, issued a contempt notice for not marking attendance of Pakistan...

Published 07 Mar, 2024 04:59am

‘Delivery of Ramazan package will be accelerated’

LAHORE: Commissioner Lahore Muhammad Ali Randhawa has said that after the pilot phase, the doorstep delivery of the...

Published 07 Mar, 2024 04:59am

Two corruption cases: Indictment of Elahi delayed by trial courts

LAHORE: The indictment of PTI President Pervez Elahi in two corruption cases was delayed once again on Wednesday by...

Published 07 Mar, 2024 04:59am

IO summoned in Toshakhana case against Nawaz, Zardari, Gilani

ISLAMABAD: An Accountability Court hearing the Toshakhana case against Pakistan Muslim League-Nawaz (PML-N) supremo...

Published 07 Mar, 2024 04:59am

Jazz, Tech Valley to launch ‘Digital Safar’ programme to schools

ISLAMABAD: Jazz has partnered with Tech Valley, a Google for Education partner, to introduce the “Digital Safar”...

Published 07 Mar, 2024 04:59am

Kiwi delegation meets PCB chairman; discusses security arrangements

LAHORE: A security delegation of New Zealand met with Pakistan Cricket Board (PCB) Chairman Syed Mohsin Naqvi here...

Published 07 Mar, 2024 04:59am

Middle East

Iran seizes US cargo on oil tanker over sanctions: judiciary

TEHRAN: Iranian authorities have confiscated the American cargo of an oil tanker seized last year after US-led...

Published 07 Mar, 2024 04:59am

Trump, Biden storm towards rematch as Haley drops out

CHARLESTON, (South Carolina): Nikki Haley ended her long-shot challenge to Republican presidential frontrunner ...

Published 07 Mar, 2024 04:59am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (March 06, 2024). ==================================== BR...

Published 07 Mar, 2024 04:59am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 06, 2024)....

Published 07 Mar, 2024 04:59am

Stocks

Tokyo’s Nikkei index inches down at close

TOKYO: Tokyo’s key Nikkei index ended marginally lower on Wednesday as global investors locked in profits after...

Published 07 Mar, 2024 04:59am

Stocks

HK stocks rebound, China flat

HONG KONG: Hong Kong stocks rebounded on Wednesday from a decline in the previous session while China shares were...

Published 07 Mar, 2024 04:59am

Stocks

Tech, financials steer Europe’s STOXX 600 to record high

PARIS: Europe’s main equity index hit an all-time high on Wednesday, boosted by tech and financial shares, while...

Published 07 Mar, 2024 04:59am

Stocks

Wall St rises after Powell signals rate cuts this year

NEW YORK: Wall Street’s main indexes rose on Wednesday after Federal Reserve Chair Jerome Powell said the central...

Published 07 Mar, 2024 04:59am

Letters

‘Protecting women farmers’

This is apropos a Business Recorder editorial “Protecting women farmers” carried by the newspaper recently. It ...

Published 07 Mar, 2024 04:59am

Economy on a knife-edge after election

With ballot-box rigging, arbitrary arrests, politicization of the judiciary, media censorship, and endless internet...

Updated 07 Mar, 2024 08:06am

A people-centric judiciary

The legacy of colonialism casts a long shadow over many aspects of life in former colonies, not least of which is ...

Updated 07 Mar, 2024 08:06am

Small farmers and unemployed youth: JI for distribution of state-owned agri land

LAHORE Chief of Jamaat-e-Islami Sirajul Haq has called for distribution of state-owned agricultural land among small...

Published 07 Mar, 2024 04:59am

PAC chairman slot: Marwat says IK nominated him as opposition candidate

ISLAMABAD: The firebrand Pakistan Tehreek-e-Insaf (PTI) lawmaker Sher Afzal Marwat said on Wednesday that party...

Published 07 Mar, 2024 04:59am

Nestlé Pakistan wins EFP, GDEIB gender diversity awards

KARACHI: Nestlé Pakistan has been honored with two consecutive top recognitions by the Employers Federation of...

Published 07 Mar, 2024 04:59am

New govt facing uphill task to counter smoking

ISLAMABAD: The new government is facing an uphill task to synchronize efforts between Ministry of National Health...

Published 07 Mar, 2024 04:59am

Omar picked as opposition leader in NA

ISLAMABAD: The expectations of the hawkish chaps within the ranks of Pakistan Tehreek-e-Insaf (PTI) were dashed to a...

Published 07 Mar, 2024 04:59am

9th round of Pak-EU Political Dialogue held: Pakistan, EU agree to continue working towards broadening of ties

ISLAMABAD: Pakistan and the European Union have agreed to continue working towards further deepening and broadening...

Published 07 Mar, 2024 04:59am

PFA to start awareness through Friday sermons

LAHORE: The Punjab Food Authority (PFA) will start an awareness campaign against food adulteration through Friday...

Published 07 Mar, 2024 04:59am

Saraiki Culture Day: PM pledges to promote local language, literature & culture

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif said on Wednesday that the government will further promote the...

Published 07 Mar, 2024 04:59am

Climate, forest and water: PMI receives 4th consecutive CDP Triple- rating

KARACHI: Philip Morris International (PMI or Company), the parent company of Philip Morris (Pakistan) Limited,...

Published 07 Mar, 2024 04:59am

Pre-arrest bail granted to Qaisra Elhai

LAHORE: A special court for anti-corruption on Wednesday granted pre-arrest bail to Qaisra Elhai wife of PTI...

Published 07 Mar, 2024 04:59am

‘Criminalising abortion’ Replies sought from govts on plea

LAHORE: The Lahore High Court on Wednesday sought replies from the federal law and health ministries, and the Punjab...

Published 07 Mar, 2024 04:59am

Training programme on beekeeping held at SAU

HYDERABAD: A training program on beekeeping was conducted at Sindh Agriculture University, with students from ...

Published 07 Mar, 2024 04:59am

18-member Punjab cabinet sworn in

LAHORE: The composition of the PML-N led Punjab government has completed, as the 18-member provincial cabinet was...

Published 07 Mar, 2024 04:59am

General Elections 2024: PILDAT releases its assessment report

LAHORE: The Pakistan Institute of Legislative Development and Transparency (PILDAT) has released its assessment of...

Published 07 Mar, 2024 04:59am

15-member KP cabinet sworn in

PESHAWAR: A 15-member cabinet of Khyber Pakhtunkhwa government took oath here on Wednesday. Governor Khyber...

Published 07 Mar, 2024 04:59am

PM greets Zardari, Bilawal

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday congratulated Bilawal Bhutto Zardari, President-designate Asif...

Published 07 Mar, 2024 04:59am

PTI, too, reacts to SC opinion

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Wednesday questioned whether the nation will have to wait for a...

Published 07 Mar, 2024 04:59am

COAS calls on PM, greets him on assumption of office

ISLAMABAD: Chief of Army Staff General Syed Asim Munir met with Prime Minister Shehbaz Sharif at the Prime...

Published 07 Mar, 2024 04:59am

Army unveils new tank ‘HAIDER’

ISLAMABAD: Pakistan Army unveiled its new Tank HAIDER, which has been indigenously manufactured through ...

Published 07 Mar, 2024 04:59am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (March 06, 2024). ======================================= Offset...

Published 07 Mar, 2024 04:59am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 06, 2024)...

Published 07 Mar, 2024 04:59am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (March 06, 2024)....

Published 07 Mar, 2024 04:59am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (March 06, 2024). ======================== Open Bid...

Published 07 Mar, 2024 04:59am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on...

Published 07 Mar, 2024 04:59am

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 07 Mar, 2024 04:59am

Rates

LME official prices

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

Published 07 Mar, 2024 04:59am

Commodities

Gold prices continue upward march

KARACHI: Gold prices on Wednesday continued to post more gains on the local market but silver remained steady,...

Published 07 Mar, 2024 04:59am

Energy

Oil prices climb on small build in US crude stocks

NEW YORK: Oil prices climbed about 2% on Wednesday on a smaller-than-expected build in US crude inventories, a big...

Published 07 Mar, 2024 04:59am

Cotton & Textile

Spot rate unchanged on cotton market

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

Published 07 Mar, 2024 04:59am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (March 06, 2024)...

Published 07 Mar, 2024 04:59am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 181,286 tonnes of cargo comprising 98,050 tonnes of import cargo and 83,236...

Published 07 Mar, 2024 04:59am

Commodities

Copper rises on weaker dollar

LONDON: Copper prices rose in London on Wednesday as a weaker dollar and declining exchange stockpiles provided...

Published 07 Mar, 2024 04:59am

Commodities

Gold extends record run as rate cut bets gain ground

BENGALURU: Gold rallied to a fresh record on Wednesday, building on stellar momentum driven mostly by bets for US...

Published 07 Mar, 2024 04:59am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR33.099...

Published 07 Mar, 2024 04:59am

Commodities

Dalian iron ore slides

SHANGHAI: Dalian iron ore futures prices slid on Wednesday, weighed down by a persistently weak steel market and ...

Published 07 Mar, 2024 04:59am

Commodities

Japanese rubber futures rise for second session

SINGAPORE: Japanese rubber futures gained for a second straight session on Wednesday amid higher oil prices and...

Published 07 Mar, 2024 04:59am

Commodities

Malaysian palm oil futures rise

SINGAPORE: Malaysian palm oil futures rose for a second consecutive session to a more than seven-month high on...

Published 07 Mar, 2024 04:59am

Commodities

Soybeans, corn flat ahead of USDA report

BEIJING: Chicago soybean and corn futures were flat on Wednesday, hovering near three-year lows ahead of a key USDA...

Published 07 Mar, 2024 04:59am

Energy

Energy sector: Khaqan for immediate implementation of privatisation agenda

ISLAMABAD: Former prime minister Shahid Khaqan Abbasi has strongly urged the government to urgently implement the...

Published 07 Mar, 2024 04:59am

Energy

NTDC replaces 160 MVA autotransformer at Daharki grid station

LAHORE: The project delivery (south) team of the National Transmission and Dispatch Company Limited (NTDC) has...

Published 07 Mar, 2024 04:59am

Thar Block-1: Shanghai Electric promises development, welfare of workers

KARACHI: Thar Coal Block-1 Power Generation Company (Private) Limited (TCB-1) and Sino Sindh Resources Private...

Updated 07 Mar, 2024 09:48am

ZAB reference: Bilawal heaps praise on SC

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari, Wednesday, welcomed the Supreme Court’s...

Updated 07 Mar, 2024 08:50am

Rs125m TSG for IB approved

ISLAMABAD: The government has approved the provision of an additional Rs125 million to the Intelligence Bureau (IB)...

Updated 07 Mar, 2024 08:50am

ZAB didn’t get a fair trial: SC

ISLAMABAD: The Supreme Court noted that due process and fair trial were not complied with in the murder trial of the...

Published 07 Mar, 2024 04:59am

Recovery from PIA: PSO receiveables soar to Rs 21.7bn

ISLAMABAD: The Pakistan State Oil (PSO) has proposed the imposition of a levy of upto Rs4 per litre on Jet-A1 to...

Updated 07 Mar, 2024 09:50am

Rates

PSX lands in negative zone

KARACHI: Pakistan Stock Exchange on Wednesday started on positive note, however failed to continue this momentum as...

Published 07 Mar, 2024 04:59am

KATI commends govt for issuing Rs65bn sales tax refunds

KARACHI: Former President of the Korangi Association of Trade and Industry (KATI), Sheikh Umer Rehan, commended the...

Published 07 Mar, 2024 04:59am

Taxes

Reduction in number of active taxpayers raises concerns

KARACHI: The Federal Board of Revenue (FBR) has reported a staggering 41 percent drop in the number of active...

Published 07 Mar, 2024 04:59am

Money & Banking

Most Asian FX muted ahead of Powell speech

BENGALURU: Most Asian currencies were flat on Wednesday, ahead of a testimony from the US Federal Reserve Chair...

Published 07 Mar, 2024 04:59am

Money & Banking

Yuan steady

SHANGHAI: China’s yuan held steady against the US dollar on Wednesday, as the central bank set a daily midpoint...

Published 07 Mar, 2024 04:59am

Money & Banking

US dollar slips to one-month low

NEW YORK: The US dollar slipped to a one-month low against the euro on Wednesday after US Federal Reserve Chair...

Published 07 Mar, 2024 04:59am

Money & Banking

ZTBL and LIMS sign MoU

ISLAMABAD: The Zarai Taraqiati Bank Limited (ZTBL) and Land Information Management System (LIMS) on Wednesday joined...

Published 07 Mar, 2024 04:59am

Money & Banking

Bank AL Habib declares 50pc final cash dividend

KARACHI: The Annual General Meeting of Bank AL Habib Limited was held at Bank’s premises located at 128-C, Old...

Published 07 Mar, 2024 04:59am

‘LEAP 2024’: Azfar Ahsan for stronger Pak-Saudi ties

RIYADH: Muhammad Azfar Ahsan, Pakistan’s former minister for investment & founder, Nutshell Group, speaking at...

Published 07 Mar, 2024 04:59am

Money & Banking

ABL organises financial literacy campaign

LAHORE: The State Bank of Pakistan (SBP) has announced the Financial Literacy Week from 4 to 8 March, 2024, aligned...

Published 07 Mar, 2024 04:59am

Israel’s hands are soaked in Palestinian blood

EDITORIAL: A food distribution point turned into a massacre scene when an aid convoy, the first in more than a ...

Published 07 Mar, 2024 04:59am

At odds with the democratic norms

EDITORIAL: The Election Commission of Pakistan’s (ECP’s) refusal to allocate its fair share of reserved seats in...

Published 07 Mar, 2024 04:59am

Sanctity of procurement procedure

EDITORIAL: It’s a shame that the M6 Hyderabad-Sukkur Motorway – the last piece of the puzzle in establishing a...

Published 07 Mar, 2024 04:59am

Taxes

RTO Rawalpindi disallowed to attach taxpayer’s bank accounts

ISLAMABAD: The Lahore High Court (LHC) Rawalpindi Bench has barred the Regional Tax Office (RTO) Rawalpindi from...

Published 07 Mar, 2024 04:59am

Energy Summit held: Experts highlight importance of insurance

KARACHI: Experts highlighted the critical importance of insurance for the sustainable development of multiple energy...

Published 07 Mar, 2024 04:59am

LEAP 2024 Riyadh: IT industry represented by 74 cos, 800 delegates

ISLAMABAD: Pakistan’s IT industry has been represented by 74 companies and 800 delegates at LEAP 2024 in Riyadh,...

Published 07 Mar, 2024 04:59am

Pakistan desired to expand trade ties with friendly countries: Alvi

ISLAMABAD: President Dr Arif Alvi said that Pakistan desired to expand its trade and economic relations with ...

Published 07 Mar, 2024 04:59am

Shell Pakistan announces financial results for 2023

KARACHI: The Board of Directors of Shell Pakistan Limited (SPL) announced the company’s financial results for the...

Published 07 Mar, 2024 04:59am

FBR issues instructions: Field formations asked to decide refund claims in 30 days

Taxes

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 10	284.60
USD PKR Interbank Buying / Jul 10	284.40
USD to Japanese Yen / Jul 10	146.33
USD to Swiss Franc / Jul 10	0.79
Pound Sterling to USD / Jul 10	1.36
Euro to USD / Jul 10	1.17
UK LIBOR % / Jul 9	4.96

Stock	Volume
S&P 500 / Jul 9	6,263.26
Nasdaq / Jul 9	20,608.23
FTSE 100 / Jul 9	8,867.02
Dow Jones / Jul 9	44,458.30
Germany DAX 30 / Jul 9	24,549.56
France CAC40 / Jul 9	7,878.46
India Sensex / Jul 10	83,178.25
Tokyo Nikkei / Jul 10	39,635.72
Hang Seng / Jul 10	23,993.59

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 9	16,585
Gold 10 Grams PKR / Jul 9	301,354
Petrol/Litre / Jul 10	266.79
Crude Oil USD/Barrel / Jul 10	68.49
Gold Spot USD/Ounce / Jul 10	3,325.15
Diesel/Litre / Jul 10	272.98
Cotton US¢/pound / Jul 10	67.73

Gainers
Losers
Leaders

Stock	Price
Premier Insurance / Jul 10 Premier Insurance Limited(PINL)	8.30 ▲ 1 (13.7%)
Kohinoor Ind. / Jul 10 Kohinoor Industries Limited(KOIL)	14.80 ▲ 1.35 (10.04%)
Habib Insurance / Jul 10 Habib Insurance Company Limited(HICL)	11.52 ▲ 1.05 (10.03%)
Ghazi Fabrics / Jul 10 Ghazi Fabrics International Limited(GFIL)	12.74 ▲ 1.16 (10.02%)
J.A.Textile / Jul 10 J.A. Textile Mills Limited(JATM)	29.76 ▲ 2.71 (10.02%)
Beco Steel Ltd / Jul 10 Beco Steel Limited(BECO)	28.89 ▲ 2.63 (10.02%)
Zahid Jee Textile / Jul 10 Zahidjee Textile Mills Limited(ZAHID)	85.54 ▲ 7.78 (10.01%)
Ahmad Hassan / Jul 10 Ahmad Hassan Textile Mills Limited(AHTM)	59.40 ▲ 5.4 (10%)
Masood Textile / Jul 10 Masood Textile Mills Limited(MSOT)	72.51 ▲ 6.59 (10%)
Blessed Tex. / Jul 10 Blessed Textiles Limited(BTL)	382.16 ▲ 34.74 (10%)

Stock	Price
TPL Trakker Ltd / Jul 10 TPL Trakker Limited(TPLT)	8.02 ▼ -1 (-11.09%)
Fateh Ind. / Jul 10 Fateh Industries Limited(FIL)	133.70 ▼ -14.85 (-10%)
F.Credit & Inv / Jul 10 First Credit and Investment Bank Limited(FCIBL)	16.13 ▼ -1.79 (-9.99%)
Trust Mod. / Jul 10 Trust Modaraba(TRSM)	8.79 ▼ -0.93 (-9.57%)
Nazir Cotton Mills / Jul 10 Nazir Cotton Mills Limited(NCML)	13.81 ▼ -1.19 (-7.93%)
Din Tex. / Jul 10 Din Textile Mills Limited(DINT)	105.99 ▼ -8.61 (-7.51%)
Maqbool Tex. / Jul 10 Maqbool Textile Mills Limited(MQTM)	44.30 ▼ -3.24 (-6.82%)
Nets Internat.Comm. / Jul 10 Nets International Communication Limited(GEMNETS)	28 ▼ -2 (-6.67%)
Redco Textile / Jul 10 Redco Textiles Limited(REDCO)	26.25 ▼ -1.62 (-5.81%)
Parmount Sp. / Jul 10 Paramount Spinning Mills Limited(PASM)	5.52 ▼ -0.31 (-5.32%)

Stock	Volume
B.O.Punjab / Jul 10 The Bank of Punjab(BOP)	52,844,602 ▲ 0.46
Kohinoor Spining / Jul 10 Kohinoor Spinning Mills Limited(KOSM)	22,083,779 ▲ 0.11
Fast Cables / Jul 10 Fast Cables Limited(FCL)	18,625,415 ▲ 1.13
Aisha Steel Mill / Jul 10 Aisha Steel Mills Limited(ASL)	16,201,394 ▲ 0.22
Ghani Chemworld / Jul 10 Ghani Chemworld Limited(GCWL)	15,291,670 ▼ -0.42
Secure Logistics / Jul 10 Secure Logistics Group Limited(SLGL)	13,029,847 ▲ 0.85
Beco Steel Ltd / Jul 10 Beco Steel Limited(BECO)	12,342,994 ▲ 2.63
WorldCall Telecom / Jul 10 Worldcall Telecom Limited(WTL)	12,302,007 ▼ -0.02
Invest Bank / Jul 10 Invest Capital Investment Bank Limited(ICIBL)	11,764,150 ▲ 0.82
TPL Trakker Ltd / Jul 10 TPL Trakker Limited(TPLT)	9,719,259 ▼ -1

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