News Archives for Print - 2024-03-13

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Print - 2024-03-13

Special counsel grilled over report that questioned Biden’s memory

WASHINGTON: The special counsel who investigated Joe Biden’s handling of classified documents defended his...

Published 13 Mar, 2024 06:32am

US team leaves Saudi Arabia early over kippah row

WASHINGTON: A US delegation on religious freedom said Monday it cut short its visit to Saudi Arabia after one of its...

Published 13 Mar, 2024 06:32am

Chinese, Russian warships join naval exercise with Iran

TEHRAN: Chinese and Russian warships have entered Iranian territorial waters for a joint naval exercise with Iran,...

Published 13 Mar, 2024 06:32am

Haiti PM agrees to step aside amid regional push to end crisis

KINGSTON: Haiti’s prime minister said early Tuesday that he would step aside, seeking to quell a spiraling crisis...

Published 13 Mar, 2024 06:32am

First aid vessel leaves Cyprus for war-torn Gaza

NICOSIA: A Spanish charity ship taking 200 tonnes of humanitarian food aid to war-ravaged Gaza set sail from the...

Published 13 Mar, 2024 06:32am

EU states back second term for IMF chief Georgieva

BRUSSELS: All 27 EU countries have endorsed a second term for International Monetary Fund chief Kristalina ...

Published 13 Mar, 2024 06:32am

Nine killed as building collapses in Multan

MULTAN: At least nine people persons were killed and two others were wounded when a three-storey dilapidated ...

Published 13 Mar, 2024 06:32am

PTI condemns two-week Adiala jail ban on visits

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Tuesday strongly condemned the two-week “blanket ban” on Adiala...

Published 13 Mar, 2024 06:32am

TIP’s allegations against judiciary without concrete evidence: court

KARACHI: A local court has declared that the TIP without concrete evidence declared the judiciary as most corrupt...

Published 13 Mar, 2024 06:32am

Privatisation minister Aleem assumes charge

ISLAMABAD: After taking their respective oaths on Monday, the federal ministers have started taking charge of their...

Published 13 Mar, 2024 06:32am

Dar assumes charge as minister for foreign affairs

ISLAMABAD: For the very first time in his decades long political career Ishaq Dar was sworn in as Pakistan’s 39th...

Published 13 Mar, 2024 06:32am

Adiala jail authorities asked to remove video conferencing system fault

ISLAMABAD: A local court, on Tuesday, directed authorities of Adiala jail to make arrangements for marking the...

Published 13 Mar, 2024 06:32am

Jam Kamal assumes his duties as federal minister for commerce

ISLAMABAD: Jam Kamal Khan officially assumed his duties as the Federal Minister for Commerce, marking a new chapter...

Published 13 Mar, 2024 06:32am

Saylani starts showcasing its IT programme to global experts

KARACHI: The non-profit Saylani Welfare International Trust has initiated the process of showcasing its mass IT...

Published 13 Mar, 2024 06:32am

Zardari won’t draw a salary

ISLAMABAD: President Asif Ali Zardari has decided not to draw his presidential salary in view of prevailing economic...

Published 13 Mar, 2024 06:32am

Shaza Fatima takes charge as Minister for IT

ISLAMABAD: Shaza Fatima Khawaja took charge as Minister of State for IT and Telecommunication on Tuesday. On...

Published 13 Mar, 2024 06:32am

Determined refund to company: LHC asks FBR to explain why payment was not made

ISLAMABAD: The Lahore High Court (LHC) has directed the Federal Board of Revenue (FBR) to explain why the verified...

Published 13 Mar, 2024 06:32am

Fatima Fertilizer and Atif Aslam join hands for a soulful rendition of ‘Allah Hu’

LAHORE: Embark on a journey of soulful dedication as Fatima Fertilizer unwraps its harmonious collaboration with the...

Published 13 Mar, 2024 06:32am

Three food points shut down by Punjab Food Authority

LAHORE: In a bid to ensure the provision of healthy and quality food during Ramazan, the Punjab Food Authority (PFA)...

Published 13 Mar, 2024 06:32am

Maryam meets US diplomat

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif met with US Consul General Kristin K Hawkins, here on Tuesday in...

Published 13 Mar, 2024 06:32am

CM accords approval to Lahore’s Arfa Karim Tower-II

LAHORE: Expressing her resolve to promote IT infrastructure in the province, Punjab Chief Minister Maryam Nawaz...

Published 13 Mar, 2024 06:32am

USA

Trump says will free US Capitol rioters if reelected

WASHINGTON: Donald Trump on Monday pledged to free people jailed for taking part in the 2021 attack on the US ...

Published 13 Mar, 2024 06:32am

South Asia

Sporadic protests in India over contentious citizenship law

GUWAHATI (India): Sporadic protests have erupted in India against a citizenship law that has been criticised for...

Published 13 Mar, 2024 06:32am

Middle East

Qatar says Israel, Hamas ‘not near a deal’ on Gaza truce

DOHA: Israel and Hamas are not close to a deal to halt the fighting in Gaza and free hostages, mediator Qatar said ...

Published 13 Mar, 2024 06:32am

The Weather

KARACHI: The weather report on Tuesday (March 12, 2024) and the forecast for Wednesday (March 13, 2024)...

Published 13 Mar, 2024 06:32am

Zardari lays floral wreath at Mazar-e-Quaid

KARACHI: President Asif Ali Zardari paid a visit to mausoleum of Quaid-e-Azam Muhammad Ali Jinnah on Tuesday to pay...

Published 13 Mar, 2024 06:32am

Turkish Ambassador pays courtesy call on PM

ISLAMABAD: Turkish Ambassador to Pakistan Dr Mehmet Pacaci, paid a courtesy call on Prime Minister Shehbaz Sharif,...

Published 13 Mar, 2024 06:32am

Tree plantation drive begins at SU

HYDERABAD: Sindh University's Sindh Development Studies Center has initiated a planting campaign, which was...

Published 13 Mar, 2024 06:32am

Syed Asif Hyder Shah posted as Chief Secretary Sindh

KARACHI: Syed Asif Hyder Shah, BS-22 officer of Pakistan Administrative Service on Tuesday was transferred and ...

Published 13 Mar, 2024 06:32am

‘Shrimp farming will be initiated on uncultivable lands’

LAHORE: As per vision of the Punjab Chief Minister Maryam Nawaz Sharif, the development of ‘Shrimp Aquaculture in...

Published 13 Mar, 2024 06:32am

SAU VC calls for prudent food practices to tackle scarcity

HYDRABAD: Dr. Fateh Marri, Vice Chancellor of Sindh Agriculture University, has called for concerted efforts to...

Published 13 Mar, 2024 06:32am

SABS University approves revised budget for FY2023-24

HYDERABAD: The 3rd meeting of Syndicate at Shaheed Allah Buksh Soomro (SABS) University of Art, Design and Heritages...

Published 13 Mar, 2024 06:32am

PTI leadership seeking NRO: Azma Bukhari

LAHORE: The Punjab Minister for Information Azma Bukhari has said the parliament would complete its constitutional...

Published 13 Mar, 2024 06:32am

Pak-Tanzania Bilateral Political Consultations held

ISLAMABAD: The inaugural session of Pakistan-Tanzania Bilateral Political Consultations took place in Dar es Salaam...

Published 13 Mar, 2024 06:32am

Minister visits Model Bazar Wahdat Colony, Harbanspora

LAHROE: Provincial Agriculture Minister Syed Ashiq Hussain Shah Kirmani visited Model Bazaar Wahdat Colony and...

Published 13 Mar, 2024 06:32am

India says it seizes drugs worth $58m from Pakistani boat

NEW DELHI: Indian authorities have intercepted a boat from Pakistan carrying drugs worth about $58 million and...

Published 13 Mar, 2024 06:32am

PTI leaders: Hearing of cases adjourned

LAHORE: An Anti Terrorism Court on Tuesday adjourned the hearing of three cases against the PTI leaders and workers...

Published 13 Mar, 2024 06:32am

Governor discusses financial, other matters of Lawrence College

LAHORE: Governor Punjab Muhammad Balighur Rehman chaired the meeting of the Board of Governors of Lawrence College...

Published 13 Mar, 2024 06:32am

‘Patronus’ wins title of Pakistan’s first 5G Innovation Hackathon

ISLAMABAD: The all-girls team “Patronus” from the FAST NUCES Islamabad has claimed the winning title of...

Published 13 Mar, 2024 06:32am

CDA to supply high-quality food items to consumers in Ramazan

ISLAMABAD: The Capital Development Authority (CDA) has taken intensive measures to ensure the supply of high-quality...

Published 13 Mar, 2024 06:32am

CCPO holds meeting to review performance of OCU & AVLS

LAHORE: Capital City Police Officer Lahore Bilal Sadiq Kamyana chaired a meeting to review the performance of the...

Published 13 Mar, 2024 06:32am

Gandapur disqualification: Case fixed for hearing

ISLAMABAD: The electoral entity has fixed for hearing on this March 26 a petition seeking disqualification of newly...

Published 13 Mar, 2024 06:32am

Bails of sisters of IK, others extended

LAHORE: Anti-Terror Court (ATC) on Tuesday extended interim bails of 34 accused including Uzma Khan and Aleema Khan...

Published 13 Mar, 2024 06:32am

Asif Hyder made new Sindh CS

KARACHI: Syed Asif Hyder Shah, BS-22 officer of Pakistan Administrative Service was transferred on Tuesday and ...

Published 13 Mar, 2024 06:32am

APL hands over model village to 60 familiies

KARACHI: The month of March 2024 will go down the history of Village Fakeer Sher Khan Jatoi in Qamber Shahdadkot,...

Published 13 Mar, 2024 06:32am

Alkhidmat Karachi seeks donations in Ramazan

KARACHI: Alkhidmat Karachi on Tuesday appealed to the public for all their charities in holy Ramadan to help it...

Published 13 Mar, 2024 06:32am

Rates

Stocks nosedive

KARACHI: Pakistan Stock Exchange on Tuesday nosedived due to heavy selling pressure following investor concern over...

Published 13 Mar, 2024 06:32am

Dysfunctional Senate goes to by-polls tomorrow

ISLAMABAD: In an unprecedented move, the dysfunctional Upper House of the Parliament goes to by-elections on ...

Published 13 Mar, 2024 06:32am

Senate polls: PPP, JUI-F decide to join hands

ISLAMABAD: Pakistan People’s Party (PPP) and Jamiat Ulema-e-Islam Fazal (JUI-F), Tuesday, decided to join hands in...

Published 13 Mar, 2024 06:32am

Sindh cabinet: 10 ministers, 3 advisors take oath

The...

Published 13 Mar, 2024 06:32am

PARTLY FACETIOUS: A new notification referring to an old one

“A notification has been issued that Maryam Nawaz will not henceforth be referred to as Notification Maryam Nawaz...

Published 13 Mar, 2024 06:32am

PDM 2.0: Dilemma for the IMF

With the green signal given by the incoming PDM 2.0 to the Ministry of Finance to initiate ground work for another...

Published 13 Mar, 2024 06:32am

The half that matters

When you say it is your “better half”, but you treat it as the “worse half” the worst happens. Women are the...

Published 13 Mar, 2024 06:32am

Letters

‘Economy on a knife-edge after election’

This is apropos a Business Recorder op-ed “Economy on a knife-edge after election” carried by the newspaper...

Published 13 Mar, 2024 06:32am

Energy

Power sector: contributions of Sahiwal coal-fired power plant

The following is the full text of the response of Sahiwal coal-fired power plant to a news item carried by Business...

Published 13 Mar, 2024 06:32am

A fair price for everyone

For Decades, Aarhtis have played a pivotal role in Pakistan’s agricultural landscape, serving as the bridge between...

Published 13 Mar, 2024 06:32am

It’s time for us to walk the talk!—I

Long anticipated elections are over, and the new government has set in. The paradigm shifts in regional politics and...

Published 13 Mar, 2024 06:32am

Stocks

Nasdaq leads Wall St up as traders hold rate-cut bets after CPI data

NEW YORK: The tech-heavy Nasdaq drove Wall Street higher on Tuesday, as traders held on to bets of interest-rate ...

Published 13 Mar, 2024 06:32am

Stocks

European shares jump to fresh record after US data

PARIS: European shares closed at a record high on Tuesday, led by automakers and banks, as traders stuck to bets on...

Published 13 Mar, 2024 06:32am

Stocks

Property developers lead China blue-chips, HK stocks higher

SHANGHAI: China’s blue-chip stocks and Hong Kong shares closed up on Tuesday, led by property developers on...

Published 13 Mar, 2024 06:32am

Stocks

Tokyo shares close lower ahead of US data

TOKYO: Tokyo stocks closed lower Tuesday on profit-taking, in cautious trade ahead of US consumer inflation data....

Published 13 Mar, 2024 06:32am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 213,965 tonnes of cargo comprising 180,553 tonnes of import cargo and 33,412...

Published 13 Mar, 2024 06:32am

Cotton & Textile

Firm trend on cotton market

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

Published 13 Mar, 2024 06:32am

Energy

Oil prices rise slightly

NEW YORK: Oil prices rose slightly on Tuesday as the market weighed bearish US economic data against OPEC’s demand...

Published 13 Mar, 2024 06:32am

Rates

LME official prices

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

Published 13 Mar, 2024 06:32am

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 Mar, 2024 06:32am

Forex

Open market rates of foreign currencies

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

Published 13 Mar, 2024 06:32am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 12, 2024)....

Published 13 Mar, 2024 06:32am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (March 12, 2024)...

Published 13 Mar, 2024 06:32am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (March 12, 2024). ======================================= Offset...

Published 13 Mar, 2024 06:32am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (March 12, 2024). ==================================== BR...

Published 13 Mar, 2024 06:32am

Commodities

Rates of food items soar, reveals BR survey

ISLAMABAD: The prices of vegetables, fruit, and Ramadan-specific food items have witnessed a significant increase on...

Published 13 Mar, 2024 06:32am

Commodities

Gold prices lower

KARACHI: Gold prices on Tuesday inched down on the local market but silver stood firm, traders said. After over...

Published 13 Mar, 2024 06:32am

Commodities

Dalian iron ore hits 5-month low

BEIJING: Dalian iron ore futures prices extended declines to hit a five-month low on Tuesday, pressured by weak...

Published 13 Mar, 2024 06:32am

Commodities

Gold pulls back from record high ahead of US CPI data

BENGALURU: Gold edged further away from a record peak on Tuesday as it looks set to break nine straight sessions of...

Published 13 Mar, 2024 06:32am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 19.827...

Published 13 Mar, 2024 06:32am

Commodities

Japanese rubber futures higher

SINGAPORE/TOKYO: Japanese rubber futures touched a fresh seven-year closing high on Tuesday as firmer oil prices...

Published 13 Mar, 2024 06:32am

Commodities

Malaysian palm oil futures almost flat

KUALA LUMPUR: Malaysian palm oil futures were largely unchanged on Tuesday as strength in Dalian edible oils was...

Published 13 Mar, 2024 06:32am

Commodities

Global copper smelters less active in first two months of 24

LONDON More global copper smelters were not operating in the first two months of the year than in the same period...

Published 13 Mar, 2024 06:32am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (March 12, 2024)...

Published 13 Mar, 2024 06:32am

Commodities

Chicago wheat falls as China cancels more US cargoes

SINGAPORE/PARIS: Chicago wheat futures slid on Tuesday, with the market facing pressure from leading importer China...

Published 13 Mar, 2024 06:32am

Aurangzeb unveils his approach to IMF lending

Says Pakistan is eager to negotiate a larger and the longest Extended Fund Facility (EFF) of the IMF programme to achieve macroeconomic stability in the country

Updated 13 Mar, 2024 12:27pm

Aurangzeb’s appointment a positive step: Bloomberg

ISLAMABAD: The appointment of Muhammad Aurangzeb as Pakistan’s finance minister is a positive step to steer the...

Updated 13 Mar, 2024 12:24pm

SBA talks: Govt to have little ‘manoeuvrability’ to cut utility prices

ISLAMABAD: The government will have little, if any, maneuverability to reduce utility prices during the second...

Updated 13 Mar, 2024 12:30pm

OPEC sticks to oil demand view, nudges up economic growth

LONDON: OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, ...

Published 13 Mar, 2024 06:32am

‘Disallowing TA/DA’: LTO Lahore officials approach LHC

ISLAMABAD: The Inland Revenue Audit Officers/ Assistant Directors (Audit) of Large Taxpayer Office Lahore have...

Updated 13 Mar, 2024 08:51am

Nepra to hold public hearing on crucial cases afresh

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) is all set to hold a public hearing on Thursday...

Updated 13 Mar, 2024 09:43am

Reducing financial burden: SNGPL proposes amendments to tax laws

ISLAMABAD: Sui Northern Gas Pipeline Company Limited (SNGPL) has proposed amendments to tax laws to reduce financial...

Updated 13 Mar, 2024 09:36am

Adiala jail: 2-week ban imposed on all public visits, meetings, interviews

RAWALPINDI: The Punjab government, on Tuesday, imposed a ban for two weeks on meeting with incarcerated Pakistan...

Updated 13 Mar, 2024 08:52am

Mixed expectations: MPS on 18th

KARACHI: The State Bank of Pakistan (SBP) is scheduled to announce the Monetary Policy next Monday (March 18) with...

Updated 13 Mar, 2024 09:42am

NHP: Centre owes Rs1.51trn to KP, CM told

PESHAWAR: Federal government under ‘AGN Qazi Formula’ owes a huge amount of Rs 1,510 billion to Khyber Pakhtunkhwa...

Updated 13 Mar, 2024 09:41am

Ex-post facto approval by cabinet: Notification deemed to be valid, SC rules

ISLAMABAD: The Supreme Court held that a notification that has received ex-post facto approval by the cabinet is...

Updated 13 Mar, 2024 09:41am

SBP decides to investigate misprinting of Rs1,000 note

KARACHI: The State Bank of Pakistan (SBP) has decided to investigate as to how the misprinted currency notes of Rs...

Updated 13 Mar, 2024 12:24pm

SECP issues circular on general meetings of companies

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a circular No. 7/2024 clarifying...

Published 13 Mar, 2024 06:32am

KPRA collects Rs28bn in 8 months

PESHAWAR: Director General (DG) Khyber Pakhtunkhwa Revenue Authority (KPRA) Miss Fouzia Iqbal has said that the...

Published 13 Mar, 2024 06:32am

‘Apparel exporters positioning itself for robust export growth’

WASHINGTON DC: “Pakistan's apparel sector is undergoing profound transformation and is positioning itself for...

Published 13 Mar, 2024 06:32am

Challenges facing energy sector: FPCCI pins its hopes on new govt

KARACHI: FPCCI Central Standing Committee on Energy 2024-2025 convener Malik Khuda Bakhsh has said that with the...

Published 13 Mar, 2024 06:32am

PCA uncovers massive duty & tax evasion racket

Taxes

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 8	278.28
USD PKR Interbank Buying / May 8	278.03
USD to Japanese Yen / May 8	155.25
USD to Swiss Franc / May 8	0.91
Pound Sterling to USD / May 8	1.25
Euro to USD / May 8	1.07

Stock	Volume
S&P 500 / May 7	5187.70
Nasdaq / May 7	16332.56
Dow Jones / May 7	38884.26
India Sensex / May 8	73566.30
Tokyo Nikkei / May 8	38202.37
Hang Seng / May 8	18325.35
FTSE 100 / May 8	8354.28
Germany DAX 30 / May 8	18528.77

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	19935
Petrol/Litre / May 8	288.49
Crude Oil USD/Barrel / May 8	77.89
Gold 10 Grams PKR / May 8	205075
Gold Spot USD/Ounce / May 8	2314.41
Diesel/Litre / May 8	281.96

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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