News Archives for Print - 2024-03-30

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Print - 2024-03-30

Attacks on foreign experts termed attacks on economy

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

Published 30 Mar, 2024 08:17am

Azerbaijan wants to boost ties in ICT field

ISLAMABAD: Azerbaijan wanted to further boost ties with Pakistan in the Information and Communications Technology...

Published 30 Mar, 2024 08:15am

CBD Punjab invites BNU students on study tour

LAHORE: Punjab Central Business District Development Authority (PCBDDA) also known as Central Business District...

Published 30 Mar, 2024 08:14am

Consortia recommendations on seven themes sent to CM

LAHORE: On the instructions of Governor Punjab Muhammad Balighur Rehman, the final recommendations of consortia...

Published 30 Mar, 2024 08:12am

Dacoit lynched in Karachi after food-delivery man killed over resisting robbery

KARACHI: A food delivery man, a father of two, was killed in cold blood by street criminals on Karachi’s Jauhar...

Published 30 Mar, 2024 08:11am

Experts stress less reliance on IMF

KARACHI: Speakers at a seminar here stressed the importance of Islamic financial system, IT and agriculture sectors...

Published 30 Mar, 2024 08:09am

New May 9 riots case: EX-PTI MNA, Sanam Javed arrested before release

LAHORE: PTI former MNA Aalia Hamza and activist Sanam Javed on Friday arrested again in a new May 9 riots case ...

Published 30 Mar, 2024 08:07am

Females 18pc of total working judges: report

ISLAMABAD: A report issued by the Law and Justice Commission of Pakistan on Friday said that currently there are...

Published 30 Mar, 2024 08:06am

‘Corporate agriculture, livestock farming yielding positive results’

ISLAMABAD: The Green Corporate Initiatives (GCI) and Green Corporate Livestock Initiatives (GCLI) are aimed at...

Published 30 Mar, 2024 08:05am

Taxes

Enhancement of tax-to-GDP ratio: ‘Govt should curtail tax evasion, illicit trade in major sectors’

LAHORE: “The government could enhance the tax-to-GDP ratio, increase tax collection and reduce the budget deficit...

Published 30 Mar, 2024 08:03am

Hearing of FJC vandalism case adjourned

ISLAMABAD: An Anti-Terrorism Court (ATC) on Friday adjourned the hearing of the Federal Judicial Complex (FJC)...

Published 30 Mar, 2024 08:01am

Security of Imran in Adiala jail: LHC adjourns proceedings in a plea

LAHORE: The Lahore High Court (LHC) on Friday adjourned the proceedings in a petition filed for the security of PTI...

Published 30 Mar, 2024 08:00am

Economic long march urged: PBF pinpoints key factors for economic prosperity

KARACHI: Pakistan Business Forum (PBF) Vice President Chaudhry Ahmad Jawad said that the country needs immediate...

Published 30 Mar, 2024 07:59am

Letter by six IHC judges: PTBA urges CJP to launch full investigation

KARACHI: Pakistan Tax Bar Association (PTBA) on Friday called on the Chief Justice of Pakistan (CJP) to launch a ...

Published 30 Mar, 2024 07:58am

Judges’ letter issue: PTI Core body hammers out multi-pronged strategy

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) Core Committee hammered out a multi-pronged strategy to deal with the...

Published 30 Mar, 2024 07:57am

Letter of six IHC judges: PTI demands resignation of CJP, IHC CJ

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) once again plainly rejected the formation of an inquiry commission to...

Published 30 Mar, 2024 07:55am

Punjab Speaker Malik calls on LBA team

LAHORE: Punjab Speaker Malik Muhammad Ahmed Khan met with a delegation of lawyers led by Lahore Bar Association...

Published 30 Mar, 2024 07:54am

SAU, ITC sign MoU to enhance agricultural exports

HYDERABAD: In a proactive effort to bolster Pakistan's agricultural exports, meet international standards, and...

Published 30 Mar, 2024 07:53am

SSUET holds Tarbiyati Seminar

KARACHI: Sir Syed University of Engineering and Technology (SSUET) organized Tarbiyati Seminar that was attended by ...

Published 30 Mar, 2024 07:52am

Zong 4G offers digital platforms, services for corporate clients

ISLAMABAD: Zong 4G unleashes a wave of innovation with the exhilarating introduction of OEM (Original Equipment...

Published 30 Mar, 2024 07:52am

PIMS directed to start evening shift of OPD

ISLAMABAD: The Prime Minister's Coordinator on Health Services and Regulations, Dr Malik Mukhtar Ahmed, Friday,...

Published 30 Mar, 2024 07:51am

China’s red carpet draws CEOs but few expect their money to follow

BEIJING: China’s government devoted the week to a red carpet welcome for foreign executives to try to halt a...

Published 30 Mar, 2024 07:48am

US monthly inflation slows; consumer spending surges

WASHINGTON: US prices increased less than expected in February, with the cost of services outside housing and energy...

Published 30 Mar, 2024 07:30am

Europe

Refugees caught up in Paris clean-up drive

VITRY-SUR-SEINE (France): “The police arrived at 7am and said to us ‘get in the bus’,” Ali, a refugee from...

Published 30 Mar, 2024 07:29am

Europe

Russia detains another suspect over concert hall attack

MOSCOW: A Russian court on Friday ordered another suspect charged with “terrorism” over the deadly attack on a...

Published 30 Mar, 2024 07:28am

UAE extradites alleged drug baron from Dubai to Belgium

BRUSSELS: One of Belgium’s most-wanted suspected drug smugglers was extradited from Dubai on Friday, the Belgian...

Published 30 Mar, 2024 07:26am

Middle East

Israel hits back at UN report warning of Gaza famine

JERUSALEM: Israel hit back on Friday against a UN-backed report that warned of imminent famine in Gaza, alleging the...

Published 30 Mar, 2024 07:25am

Automakers urge White House to oppose US Steel sale to Cleveland-Cliffs

WASHINGTON: A group representing major automakers on Friday urged the White House to oppose any effort by steelmaker...

Published 30 Mar, 2024 07:24am

Africa

HRW urges Somalia to reject lowering age of majority

NAIROBI: Human Rights Watch (HRW) urged Somalia’s parliament Friday to reject a constitutional amendment that aims...

Published 30 Mar, 2024 07:22am

One week after Moscow massacre, mourners express grief and anger

KRASNOGORSK (Russia): One week after Russia’s deadliest terror attack in two decades, mourners outside Crocus City...

Published 30 Mar, 2024 07:21am

Trailblazing Black Oscar winner Louis Gossett Jr dead at 87

LOS ANGELES: Louis Gossett Jr, the first Black man to win a best supporting actor Oscar for his performance as a...

Published 30 Mar, 2024 07:11am

South Asia

Indian navy says intercepted hijacked vessel near Somalia

NEW DELHI: India’s navy said Friday it intercepted a fishing vessel in the Arabian Sea after a suspected ...

Published 30 Mar, 2024 07:07am

France to bring back remains of colonial soldiers from Vietnam

PARIS: France is to repatriate from Vietnam the bodies of six soldiers who died in Dien Bien Phu, the country’s...

Published 30 Mar, 2024 07:07am

Huawei continues rebound with strongest earnings growth since 2019

SHENZHEN: China’s Huawei Technologies saw its fastest growth in four years in 2023, with a rebound in its consumer...

Published 30 Mar, 2024 07:06am

Europe

Rain in Spain puts dampener on Good Friday parades

MADRID: Torrential rains forced the cancellation of famed Good Friday religious processions through Seville, leaving...

Published 30 Mar, 2024 07:05am

Europe

Polish govt moves to bypass president veto over emergency contraception

WARSAW: Poland’s pro-EU coalition government on Friday sought to bypass a veto by conservative President Andrzej...

Published 30 Mar, 2024 06:59am

Asia

S Korea’s Australia envoy resigns amid pre-election controversy

SEOUL: South Korea’s ambassador to Australia has resigned, Seoul’s foreign ministry said Friday, after his...

Published 30 Mar, 2024 06:57am

Asia

Thai crane collapse kills seven

BANGKOK: Seven people were killed when a crane fell during construction work at a factory in Thailand on Friday,...

Published 30 Mar, 2024 06:55am

US Fed’s preferred inflation gauge ticks up as fuel costs rise

WASHINGTON: The US central bank’s favored measure of inflation edged higher last month on the back of rising fuel...

Published 30 Mar, 2024 06:53am

Erdogan’s obsession is to recapture Istanbul in Turkiye election

ISTANBUL: Recapturing Istanbul, the “jewel” of Turkiye, in Sunday’s local elections has become President Recep...

Published 30 Mar, 2024 06:52am

Asia

North Korea says it has ‘nothing’ to talk about with Japan

SEOUL: Pyongyang said on Friday it had “nothing to talk” about with Japan after claiming that a Japanese ...

Published 30 Mar, 2024 06:48am

Energy

Fragile South Sudan risks turmoil over oil disruption: experts

JUBA: Oil-dependent South Sudan is at risk of economic and political turmoil over the shutdown of a key pipeline in...

Published 30 Mar, 2024 06:47am

Famine ‘quite possibly’ in some areas of northern Gaza, US official says

WASHINGTON: Famine is quite possibly present in parts of the northern Gaza Strip, a senior US State Department...

Published 30 Mar, 2024 06:46am

Biden, Obama, Clinton rake in cash at NYC campaign stop

NEW YORK: US President Joe Biden was joined in New York on Thursday by his predecessors Barack Obama and Bill ...

Published 30 Mar, 2024 06:43am

Japan to resume funding to UN Palestinian refugee agency

TOKYO: Japan is preparing to resume funding to the UN’s crisis-hit Palestinian refugee agency (UNRWA), which...

Published 30 Mar, 2024 06:42am

Europe

Calls for ‘smartphone free’ childhood grow in UK

LONDON: It is the question many adults dread being asked by their children: when can I have a smartphone? But as...

Published 30 Mar, 2024 06:42am

Asia

Japan dietary supplement maker probes five deaths

TOKYO: A Japanese drugmaker said on Friday it is investigating five deaths potentially linked to dietary supplements...

Published 30 Mar, 2024 06:40am

Heavy rains kill 5 in Balochistan’s Dukki

DUKKI: Heavy rains in different areas of Balochistan including metropolis Quetta continued on the second day wherein...

Published 30 Mar, 2024 06:40am

Europe

Impact of Baltimore port closure on global supply chains

PARIS: The bridge collapse that closed the Port of Baltimore has raised concerns about the disaster’s potential...

Published 30 Mar, 2024 06:40am

Energy

US crude oil production down in Jan

HOUSTON: US crude oil production dropped in January to 12.533 million barrels per day (bpd), a 6% decline from...

Published 30 Mar, 2024 06:39am

Vietnam economy expands by 5.66pc in Q1

HANOI: Vietnam’s gross domestic product in the first quarter grew 5.66% from a year earlier as exports boomed,...

Published 30 Mar, 2024 06:38am

Biden to host Turkey’s Erdogan at White House on May 9

ANKARA/WASHINGTON: US President Joe Biden is set to host Tayyip Erdogan at the White House on May 9 in the Turkish...

Published 30 Mar, 2024 06:38am

Europe

France eyes spent uranium plant to bypass Russia: ministry

PARIS: The French government has said it is “seriously” studying the option of building a plant to convert and...

Published 30 Mar, 2024 06:35am

Ukraine gets $1.5bn funding tranche under World Bank programme

KYIV: Ukraine has received a $1.5 billion tranche of funding under a World Bank programme, Prime Minister Denys...

Published 30 Mar, 2024 06:34am

Property developer China Vanke plans to cut debt

HONG KONG: China Vanke said on Friday it aimed to boost its cashflow by slashing debt and lifting income from...

Published 30 Mar, 2024 06:34am

Industry

Optimizing apple fruit quality: PHDEC hosts webinar on post-harvest management techniques

KARACHI: Pakistan Horticulture Development and Export Company (PHDEC) hosted a webinar focused on “Optimizing ...

Published 30 Mar, 2024 06:32am

Q1CY24: KSE-100 rises 7pc in PKR terms

KARACHI: Pakistan’s benchmark KSE-100 index has increased by 7.0 percent in Pak-rupee terms and 9.0 percent in USD...

Published 30 Mar, 2024 06:31am

Criticality of regional economic cooperation-I

The size of Pakistan’s GDP was around USD 180 billion in 2010, which was around USD 400 billion in 2023. This is...

Published 30 Mar, 2024 06:22am

Is there more misery in the offing?

Presently, the power sector is stuck with 43,000MWs of available generation capacity, while the power division...

Published 30 Mar, 2024 06:05am

Letters

In the quest for dal, roti

This is apropos a Business Recorder op-ed “Impact of inflation on daily life in Pakistan” carried by the...

Published 30 Mar, 2024 06:02am

PARTLY FACETIOUS: From the gut comes the strut, and where hunger reigns, strength abstains

“We are a nation of naysayers or yaysayers.” “That’s fair right. You agree or disagree.” “One can...

Published 30 Mar, 2024 05:58am

Maria murder case declared high-profile criminal case

LAHORE: The murder of a girl Maria by her brother in Toba Tek Singh had been declared a high-profile criminal case....

Published 30 Mar, 2024 05:56am

Revenue loss to exchequer: figure rejected by PTC

ISLAMABAD: The Pakistan Tobacco Company (PTC) on Friday outrightly rejected figure of Rs 567 billion on account of...

Published 30 Mar, 2024 05:55am

Punjab PA, MuP project hold NMO programme

LAHORE: The Punjab Assembly in collaboration with the Mustehkam Parlimaan (MuP) Project, implemented jointly by GIZ...

Published 30 Mar, 2024 05:54am

Elahi seeks home-made food, TV

LAHORE: Former Punjab Chief Minister and Pakistan Tehreek-e-Insaf (PTI) leader Chaudhry Pervaiz Elahi, who is in...

Published 30 Mar, 2024 05:54am

Commodities

CM’s ‘Agricultural Transformation Plan’ finalised

LAHORE: Three Centres of Excellence are being established in the province to conduct research and development on...

Published 30 Mar, 2024 05:53am

Master plan of Nawaz Sharif Cancer Hospital reviewed

LAHORE: A meeting was held at IDAP Head Office under the chairmanship of Provincial Health Ministers Khawaja Salman...

Published 30 Mar, 2024 05:50am

‘Muhammad Nawaz Sharif Kissan Card’ approved by Punjab chief minister

LAHORE: The Punjab government is all set to launch “Muhammad Nawaz Sharif Kissan Card” to provide subsidised ...

Published 30 Mar, 2024 05:48am

Industry

LCCI chief urges govt to address concerns voiced by health, OTC sector

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) on Friday urged the government to address concerns of the...

Published 30 Mar, 2024 05:45am

Cotton & Textile

Volume of business on cotton market low

LAHORE: The local marker on Friday remained dull. Trading volume remained low. Cotton Analyst Naseem Usman told...

Published 30 Mar, 2024 05:44am

US CG calls on Deputy Speaker Punjab PA

LAHORE: Deputy Speaker Malik Zaheer Iqbal Channar had a meeting with American Consul General Ms Kristin K Hawkins in...

Published 30 Mar, 2024 05:43am

Energy

Hydropower project achieves max capacity of 969MW after TRT inspection

LAHROE: Neelum Jhelum Hydroelectric Project has achieved its maximum generation capacity of 969 MW, said Water and...

Published 30 Mar, 2024 05:42am

Establishment of ‘Punjab Human Rights Commission’ urged

ISLAMABAD: An independent Punjab Human Rights Commission should be set up to protect the fundamental human rights of...

Published 30 Mar, 2024 05:40am

PILAP says concerned about judges’ letter

ISLAMABAD: The Public Interest Law Association of Pakistan (PILAP) on Friday expressed concerns over a recent letter...

Published 30 Mar, 2024 05:38am

AC freezes 75 bank accounts of BRT’s contractors

PESHAWAR: An Accountability Court (AC) of Peshawar has issued orders to freeze 75 bank accounts of contractors...

Published 30 Mar, 2024 05:37am

Climate journalism: KPC, Unilever collaborate for capacity building

KARACHI: Karachi Press Club (KPC) and Unilever Pakistan held an interactive session to address the development needs...

Published 30 Mar, 2024 05:36am

Condoning import-, export-related curbs: Ministerial body formed to resolve cases

ISLAMABAD: The federal cabinet has constituted a three-member Ministerial Committee to resolve cases to condone...

Published 30 Mar, 2024 05:36am

Cabinet approves ‘KP Right of Digital Way Policy’

PESHAWAR: Provincial Cabinet approved Khyber Pakhtunkhwa Right of Digital Way Policy providing a framework to...

Published 30 Mar, 2024 05:34am

Commodities

Gold prices rise

KARACHI: Gold prices on Friday saw a huge stride on the local market after the world market hit the all-time highs,...

Published 30 Mar, 2024 05:31am

PIA’s commercial debt negotiations: Govt, domestic lender banks successfully conclude

ISLAMABAD: The commercial debt negotiations of Pakistan International Airlines Corporation Limited (PIACL) have been...

Published 30 Mar, 2024 05:30am

Industry

UK’s biggest water supplier plunges into deeper financial crisis

LONDON: Debt-plagued Thames Water has failed to raise a major cash injection from shareholders, it revealed ...

Published 30 Mar, 2024 05:29am

Companies

Kitchen sponge maker Scrub Daddy explores sale

NEW YORK: Scrub Daddy, the kitchen sponge maker that gained popularity after securing an investment on US TV show...

Published 30 Mar, 2024 05:27am

Africa

S Africa’s ex-president Zuma barred from May election

JOHANNESBURG: South Africa’s electoral officials said on Thursday they had excluded former president Jacob Zuma...

Published 30 Mar, 2024 05:24am

Africa

Bus accident in S Africa kills at least 45

BENGALURU: South Africa’s Department of Transport on Thursday said a bus crash near Mamatlakala in the northern...

Published 30 Mar, 2024 05:22am

Companies

Home Depot bulks up Pro-business with $18.25bn deal for building products supplier SRS

NEW YORK: Home Depot will buy building materials supplier SRS Distribution in an $18.25 billion deal, in the top US...

Published 30 Mar, 2024 05:21am

Middle East

No change in Gaza since UN ceasefire vote: MSF

GENEVA: The MSF medical charity lamented Thursday that nothing had changed on the ground in war-ravaged Gaza since...

Published 30 Mar, 2024 05:21am

Europe

France earmarks 30m euros for Palestinian agency UNRWA: ministry

PARIS: France will provide 30 million euros ($32 million) for the embattled UN Palestinian refugee agency UNRWA if ...

Published 30 Mar, 2024 05:21am

Adani Energy mulls borrowing up to $600m from banks: Bloomberg

BENGALURU: India’s Adani Energy Solutions is looking to borrow as much as $600 million to fund smart meter ...

Published 30 Mar, 2024 05:15am

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 30 Mar, 2024 04:58am

The Weather

KARACHI: The weather report on Friday (March 29, 2024) and the forecast for Saturday (March 30 2024)...

Published 30 Mar, 2024 04:58am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 18	280.30
USD PKR Interbank Buying / Mar 18	280.10
USD to Japanese Yen / Mar 18	149.74
USD to Swiss Franc / Mar 18	0.88
Pound Sterling to USD / Mar 18	1.30
Euro to USD / Mar 18	1.09
UK LIBOR % / Mar 17	4.96

Stock	Volume
S&P 500 / Mar 17	5,675.12
Nasdaq / Mar 17	17,808.66
Dow Jones / Mar 17	41,841.63
India Sensex / Mar 18	75,056.73
Tokyo Nikkei / Mar 18	37,883.46
Hang Seng / Mar 18	24,597.87
FTSE 100 / Mar 18	8,724.65
Germany DAX 30 / Mar 18	23,354.09
France CAC40 / Mar 18	8,119.11

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 17	17,285
Petrol/Litre / Mar 18	255.63
Crude Oil USD/Barrel / Mar 18	67.90
Gold 10 Grams PKR / Mar 18	272,076
Gold Spot USD/Ounce / Mar 18	3,012
Diesel/Litre / Mar 18	258.64
Cotton US¢/pound / Mar 18	66.44

Gainers
Losers
Leaders

Stock	Price
First IBL Mod. / Mar 18 First IBL Modaraba(FIBLM)	3.05 ▲ 0.34 (12.55%)
Parmount Sp. / Mar 18 Paramount Spinning Mills Limited(PASM)	4.50 ▲ 0.49 (12.22%)
Int. Knit. / Mar 18 International Knitwear Limited(INKL)	19.76 ▲ 1.8 (10.02%)
Chakwal Spinning / Mar 18 Chakwal Spinning Mills Limited(CWSM)	57.16 ▲ 5.2 (10.01%)
TRG Pak Ltd / Mar 18 TRG Pakistan Limited(TRG)	66.62 ▲ 6.06 (10.01%)
Agritech Limited / Mar 18 Agritech Limited(AGL)	68.26 ▲ 6.21 (10.01%)
Macter Int. Ltd / Mar 18 Macter International Limited(MACTER)	372.76 ▲ 33.89 (10%)
Hala Enterprise / Mar 18 Hala Enterprises Limited(HAEL)	12.65 ▲ 1.15 (10%)
At-Tahur Ltd. / Mar 18 At-Tahur Limited(PREMA)	56.97 ▲ 5.18 (10%)
Bunnys Limited / Mar 18 Bunnys Limited(BNL)	17.40 ▲ 1.58 (9.99%)

Stock	Price
Universal Ins. / Mar 18 The Universal Insurance Company Limited(UVIC)	8.97 ▼ -1 (-10.03%)
Idrees Tex. / Mar 18 Idrees Textile Mills Limited(IDRT)	25.45 ▼ -2.83 (-10.01%)
Khyber Textile / Mar 18 Khyber Textile Mills Limited(KHYT)	435 ▼ -48.13 (-9.96%)
Sanghar Sugar / Mar 18 Sanghar Sugar Mills Limited(SANSM)	43.71 ▼ -4.06 (-8.5%)
Dewan Textile / Mar 18 Dewan Textile Mills Limited(DWTM)	7.75 ▼ -0.67 (-7.96%)
Equity Modaraba / Mar 18 First Equity Modaraba(FEM)	3 ▼ -0.22 (-6.83%)
F.Credit & Inv / Mar 18 First Credit and Investment Bank Limited(FCIBL)	7.75 ▼ -0.55 (-6.63%)
Unicap Modaraba / Mar 18 Unicap Modaraba(UCAPM)	2.90 ▼ -0.2 (-6.45%)
Masood Textile / Mar 18 Masood Textile Mills Limited(MSOT)	50.02 ▼ -3.31 (-6.21%)
Faisal Sp. / Mar 18 Faisal Spinning Mills Limited(FASM)	303.51 ▼ -19.57 (-6.06%)

Stock	Volume
Pak Int.Bulk / Mar 18 Pakistan International Bulk Terminal(PIBTL)	58,826,162 ▲ 0.57
Pak Elektron / Mar 18 Pak Elektron Limited(PAEL)	48,322,821 ▼ -0.7
B.O.Punjab / Mar 18 The Bank of Punjab(BOP)	46,581,767 ▲ 0.18
Fauji Cement / Mar 18 Fauji Cement Company Limited(FCCL)	24,855,885 ▲ 0.28
Pak Refinery / Mar 18 Pakistan Refinery Limited(PRL)	21,328,442 ▼ -0.64
WorldCall Telecom / Mar 18 Worldcall Telecom Limited(WTL)	19,370,888 ▲ 0.01
TRG Pak Ltd / Mar 18 TRG Pakistan Limited(TRG)	18,016,216 ▲ 6.06
Fauji Foods Ltd / Mar 18 Fauji Foods Limited(FFL)	17,460,299 ▼ -0.14
Silk Bank Ltd / Mar 18 Silkbank Limited(SILK)	16,324,496 ▼ -0.02
K-Electric Ltd. / Mar 18 K-Electric Limited(KEL)	16,312,492 ▲ 0.05

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