News Archives for Print - 2024-07-14

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Print - 2024-07-14

Europe

Russia hikes taxes to help fund Ukraine offensive

MOSCOW: Russian President Vladimir Putin on Friday signed off on a package of tax rises worth almost $30 billion,...

Published 14 Jul, 2024 02:55am

The Weather

KARACHI: The weather report on Saturday (July 13, 2024) and the forecast for Sunday (July 14, 2024)....

Published 14 Jul, 2024 02:55am

Commodities

Iron ore futures down

BEIJING: Iron ore futures are set for a weekly fall amid a flurry of profit-taking, ahead of top consumer China’s...

Published 14 Jul, 2024 02:55am

Commodities

Copper prices rise on weaker dollar

LONDON: Copper prices rose on Friday with support from a weaker dollar and hopes that the growth in exchange...

Published 14 Jul, 2024 02:55am

Commodities

Malaysian palm oil settles lower

NEW DELHI: Malaysian palm oil futures ended lower on Friday, as estimates of higher inventories in June weighed on...

Published 14 Jul, 2024 02:55am

Commodities

Higher production, imports boost US sugar supply

NEW YORK: Higher import volumes and increased local production of sugar has elevated the projected level of US sugar...

Published 14 Jul, 2024 02:55am

Commodities

China summer wheat output rise

BEIJING: China’s summer wheat production rose 2.7% this year, official data showed on Friday, escaping the impact...

Published 14 Jul, 2024 02:55am

Commodities

China’s June coal imports rise

BEIJING: China’s coal imports in June rose 12% year-on-year, customs data showed on Friday, as heatwaves in the...

Published 14 Jul, 2024 02:55am

Commodities

Japanese rubber easier on volatile yen

SINGAPORE: Japanese rubber futures fell on Friday, as a volatile yen and weak Chinese economic data weighed, but...

Published 14 Jul, 2024 02:55am

Commodities

CBOT corn futures turn higher

CHICAGO: Chicago Board of Trade corn futures rebounded off of multi-year lows on Friday, and soybean futures turned...

Published 14 Jul, 2024 02:55am

Commodities

Gold holds firm above $2,400 level

BENGALURU: Gold prices held above the key $2,400 per ounce pivot on Friday and were headed for their third straight...

Published 14 Jul, 2024 02:55am

Islamabad witnesses alarming increase in crimes

ISLAMABAD: The capital city witnessed an increase in incidents of car lifting and street crimes during the last ...

Published 14 Jul, 2024 02:55am

Pakistan, France can further deepen bilateral ties: Aleem

ISLAMABAD: President Istehkam-e-Pakistan Party and Federal Minister of Board of Investment, Privatization and...

Published 14 Jul, 2024 02:55am

Call for curbing illicit cigarette trade

LAHORE: The government must strictly enforce the implementation of the Track and Trace (T&T) System in the...

Published 14 Jul, 2024 02:55am

WB grants Togo $200mn to tackle power cuts

LOME: The World Bank will grant Togo $200 million for energy infrastructure projects to help tackle the West African...

Published 14 Jul, 2024 02:55am

Punjab govt employees get ad-hoc relief allowance

LAHORE: The Punjab government has granted up to 25 percent ad hoc relief allowance to all government employees...

Published 14 Jul, 2024 02:55am

Promoting tourism: Punjab introduces Glamping Pods

LAHORE: In order to promote tourism in the province, Punjab government has introduced first time in the history of...

Published 14 Jul, 2024 02:55am

Iraqi diplomat meets Punjab governor

LAHORE: The Ambassador of Iraq to Pakistan, Hamid Abbas Lafta met with the Punjab Governor Sardar Saleem Haider Khan...

Published 14 Jul, 2024 02:55am

Azma Bokhari criticises SC verdict

LAHORE: Terming July 12 as yet another dark day in Pakistan’s history, the Provincial Minister for Information and...

Published 14 Jul, 2024 02:55am

LHC quashes case of fraud against VC UAF

LAHORE: The Lahore High Court on Saturday quashed an alleged case of fraud lodged by the Anti-Corruption...

Published 14 Jul, 2024 02:55am

Punjab increases monthly assistance for disabled miners

LAHORE: The Punjab government has approved an increase in the monthly assistance for disabled workers of mines from...

Published 14 Jul, 2024 02:55am

KP cabinet discusses MoU on ‘shared responsibilities’

PESHSWAR: The 10th meeting of the Khyber Pakhtunkhwa provincial cabinet, held at Civil Secretariat Peshawar was...

Published 14 Jul, 2024 02:55am

Pakistan-India ties under third term of Modi discussed

ISLAMABAD: Foreign policy experts on Saturday recommend ‘strategic patience’ on Pakistan-India relations under...

Published 14 Jul, 2024 02:55am

Plea of housing society: Tribunal upholds CCP findings

ISLAMABAD: The Competition Appellate Tribunal upheld findings of the Competition Commission of Pakistan (CCP) in the...

Published 14 Jul, 2024 02:55am

Bushra, IK acquitted in Iddat case

ISLAMABAD: A district and sessions court on Saturday acquitted Pakistan Tehreek-e-Insaf (PTI) founding chairman...

Updated 14 Jul, 2024 09:35am

NHP to figure atop CCI agenda on 22nd

ISLAMABAD: The Council of Common Interests (CCI), the high-level body to resolve inter-provincial issues, is all set...

Updated 14 Jul, 2024 09:33am

IMF loan: Swallowed a bitter pill for economic security, says PM

ISLAMABAD: The International Monetary Fund (IMF) has agreed to a 37-month $7 billion loan programme with Pakistan,...

Updated 14 Jul, 2024 03:01pm

Revenue generation: PM asks FBR to redouble efforts

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Saturday directed Federal Bureau of Revenue (FBR) authorities ...

Updated 14 Jul, 2024 09:35am

SLA on 37-month EFF: $7bn new loan deal reached with IMF

The authorities in Pakistan plan to increase tax revenues through measures of 1½ percent of GDP in FY25 and 3 percent of GDP over the program, IMF statement says

Updated 14 Jul, 2024 06:28pm

NAB ‘arrests’ IK, wife in new Toshakhana case

ISLAMABAD: The National Accountability Bureau (NAB) on Saturday arrested Pakistan Tehreek-e-Insaf (PTI) founding...

Updated 14 Jul, 2024 09:35am

IK sees SC verdict as ‘positive development’

ISLAMABAD: Hailing the Supreme Court’s judgment in the case of the reserved seat, the Pakistan Tehreek-e-Insaf (PTI)...

Updated 14 Jul, 2024 09:37am

Commodities

French soft wheat harvest slow and crop rating slips

PARIS: French farmers made little headway in harvesting soft wheat last week, as progress lagged previous years and...

Published 14 Jul, 2024 02:55am

Cotton & Textile

Moderate business on cotton market

LAHORE: The local cotton market on Saturday remained steady and the trading volume remained satisfactory. Cotton...

Published 14 Jul, 2024 02:55am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday, (July 13, 2024)...

Published 14 Jul, 2024 02:55am

Energy

US natgas prices settle up

NEW YORK: US natural gas futures rose more than 2% on Friday after touching their lowest in close to two-months...

Published 14 Jul, 2024 02:55am

Energy

Oil prices down after data shows weaker US consumer sentiment

NEW YORK: Oil futures prices settled slightly lower on Friday as investors weighed weaker US consumer sentiment...

Published 14 Jul, 2024 02:55am

Prices of essential kitchen items show upward trend

ISLAMABAD: The prices of majority of essential kitchen items witnessed an upward trend during the week past as...

Published 14 Jul, 2024 02:55am

Letters

The SC verdict

This is apropos a Business Recorder editorial “Justice served” carried by the newspaper yesterday. It deserves...

Published 14 Jul, 2024 02:55am

ADB’s slightly off about remittances

EDITORIAL: It’s interesting that the ADB’s (Asian Development Bank’s) latest report, ‘Understanding the drivers of...

Published 14 Jul, 2024 02:55am

Protest by flour mills

EDITORIAL: The countrywide strike by flour mills, which began on July 11, has put into sharp focus the lack of...

Published 14 Jul, 2024 02:55am

Time to deregulate

Pakistan needs to have a 7-8% growth rate to reduce its debt burden. One way to achieve this goal, a 28.8%...

Published 14 Jul, 2024 02:55am

Inflation has badly hurt the masses, says FPCCI leader

KARACHI: Chairman of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Advisory Board and National...

Published 14 Jul, 2024 02:55am

Money laundering case: FIA submits interim challan against Moonis

LAHORE: The Federal Investigation Agency (FIA) on Saturday submitted before a special court (central) an interim...

Published 14 Jul, 2024 02:55am

Maryam to launch distribution of solar panels on 14th August

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has decided to start the distribution of solar panels from...

Published 14 Jul, 2024 02:55am

Physical remand denied

LAHORE: A judicial magistrate on Saturday denied further physical remand of the husband of TV show host Ayesha...

Published 14 Jul, 2024 02:55am

About 3,000 types of skin diseases treatable: experts

LAHORE: Like other parts of the globe, ‘the World Skin Health Day’ was marked here on Saturday with a resolve to...

Published 14 Jul, 2024 02:55am

JI welcomes SC verdict on reserved seats

Form 45 is a constitutional document and it provides the basis for the constitution of a democratically elected government, JI Chief says

Updated 14 Jul, 2024 09:59am

Commodities

Gold prices slightly higher

Karachi: The local gold prices on Saturday inched up to Rs250,000 mark with the global bullion value rising, traders...

Published 14 Jul, 2024 02:55am

Wheat most important food commodity, govt told

KARACHI: S. M. Tanveer, patron-in-chief of UBG, has appraised that, in order to broaden the tax base and bring the...

Published 14 Jul, 2024 02:55am

Murad orders removal of encroachments

The chief minister says encroachments on footpaths, Green Belts, walkways, and streets have defaced the city and caused serious issues in the flow of traffic

Updated 14 Jul, 2024 09:50am

Pak businesses to participate in 8th China South Asia Exhibition

ISLAMABAD: A 25 members’ delegation of Pakistani businesses will be visiting China to participate in the 8th China...

Published 14 Jul, 2024 02:55am

Oil prices likely to increase

ISLAMABAD: The price of petrol and high-speed diesel (HSD) is expected to go up starting July 16th. This increase is...

Published 14 Jul, 2024 02:55am

Cement dealers announce strike against WHT

LAHORE: The Cement Dealers Association of Pakistan has announced an immediate strike after rejecting the withholding...

Updated 14 Jul, 2024 09:38am

FBR amends ST Act to harmonise it with IT law

LAHORE: The Federal Board of Revenue (FBR) has introduced amendments to the Sales Tax Act to harmonise it with...

Updated 14 Jul, 2024 09:38am

Flour millers call off strike for 10 days

LAHORE: Following the government assurance to the flour milling industry to resolve the issue of making flour mills...

Updated 14 Jul, 2024 09:37am

Pakistan reaffirms commitment to Gaza help

NEW YORK: Emphasising the critical shortfall in current funding levels for UNRWA, Pakistan has called for...

Updated 14 Jul, 2024 09:36am

Industry

‘Rising taxes, costly utilities are threatening survival of SMEs’

KARACHI: The increase in multiple taxes in the recent budget coupled with the high cost of utilities have surged the...

Published 14 Jul, 2024 02:55am

Industry

Cos alleged of selling LPG at ‘arbitrary price’

ISLAMABAD: LPG marketing companies and plants have allegedly started selling LPG at their own arbitrary price,...

Published 14 Jul, 2024 02:55am

Industry

‘Excessive toll tax’ Truckers announce strike in Punjab, KP

LAHORE: The Pakistan Goods Transporters Association has announced a strike in Punjab and Khyber Pakhtunkhwa from ...

Published 14 Jul, 2024 02:55am

Taxes

Traders show concerns on changes in ST regime

LAHORE: A delegation of traders, led by Khalid Pervez, visited the Lahore Chamber and met with President of Lahore...

Published 14 Jul, 2024 02:55am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 19	283.73
USD PKR Interbank Buying / Jun 19	283.53
USD to Japanese Yen / Jun 19	145.26
USD to Swiss Franc / Jun 19	0.82
Pound Sterling to USD / Jun 19	1.34
Euro to USD / Jun 19	1.15
UK LIBOR % / Jun 18	4.96

Stock	Volume
S&P 500 / Jun 18	5,980.87
Nasdaq / Jun 18	19,546.27
Dow Jones / Jun 18	42,171.66
India Sensex / Jun 19	81,415.69
Tokyo Nikkei / Jun 19	38,488.34
Hang Seng / Jun 19	23,203.65
FTSE 100 / Jun 19	8,808.78
Germany DAX 30 / Jun 19	23,175.77
France CAC40 / Jun 19	7,594.91

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 18	16,785
Gold 10 Grams PKR / Jun 18	307,831
Petrol/Litre / Jun 19	258.43
Crude Oil USD/Barrel / Jun 19	75.58
Gold Spot USD/Ounce / Jun 19	3,356.54
Diesel/Litre / Jun 19	262.59
Cotton US¢/pound / Jun 19	66.67

Gainers
Losers
Leaders

Stock	Price
Askari Life Assur. / Jun 19 Askari Life Assurance Company Limited(ALAC)	7.40 ▲ 1 (15.63%)
Ghazi Fabrics / Jun 19 Ghazi Fabrics International Limited(GFIL)	10.07 ▲ 1 (11.03%)
Equity Modaraba / Jun 19 First Equity Modaraba(FEM)	3.60 ▲ 0.34 (10.43%)
Tri-Star Mutual / Jun 19 Tri-Star Mutual Fund Limited(TSMF)	8.70 ▲ 0.8 (10.13%)
Crescent Textile / Jun 19 The Crescent Textile Mills Limited(CRTM)	20.85 ▲ 1.9 (10.03%)
Service Textile / Jun 19 Service Industries Textiles Limited(SERT)	21.64 ▲ 1.97 (10.02%)
Zahid Jee Textile / Jun 19 Zahidjee Textile Mills Limited(ZAHID)	39.69 ▲ 3.61 (10.01%)
National Silk / Jun 19 The National Silk & Rayon Mills Limited(NSRM)	48.58 ▲ 4.42 (10.01%)
Karam Ceramics / Jun 19 Karam Ceramics Limited(KCL)	56.73 ▲ 5.16 (10.01%)
Int. Knit. / Jun 19 International Knitwear Limited(INKL)	22.41 ▲ 2.04 (10.01%)

Stock	Price
Unicap Modaraba / Jun 19 Unicap Modaraba(UCAPM)	3.07 ▼ -0.42 (-12.03%)
Shadab Textile / Jun 19 Shadab Textile Mills Limited(SHDT)	75.89 ▼ -8.43 (-10%)
Pak Synthetics / Jun 19 Pakistan Synthetics Limited(PSYL)	60.78 ▼ -6.75 (-10%)
Pakgen Power / Jun 19 Pakgen Power Limited(PKGP)	192.29 ▼ -21.36 (-10%)
Shadman Cotton / Jun 19 Shadman Cotton Mills Limited(SHCM)	55.87 ▼ -6.21 (-10%)
Gillette Pak / Jun 19 Gillette Pakistan Limited(GLPL)	224.55 ▼ -24.95 (-10%)
ECOPACK Ltd / Jun 19 Ecopack Limited(ECOP)	66.42 ▼ -7.38 (-10%)
PIA Holding Co.B / Jun 19 PIA Holding Company Limited B(PIAHCLB)	12,393.10 ▼ -1377.05 (-10%)
Sardar Chemical / Jun 19 Sardar Chemical Industries Limited(SARC)	62.45 ▼ -6.94 (-10%)
Merit Packaging / Jun 19 Merit Packaging Limited(MERIT)	14.77 ▼ -1.64 (-9.99%)

Stock	Volume
WorldCall Telecom / Jun 19 Worldcall Telecom Limited(WTL)	64,599,560 ▼ -0.01
Sui South Gas / Jun 19 Sui Southern Gas Company Limited(SSGC)	35,602,100 ▼ -1.18
First Prudential Mod. / Jun 19 First Prudential Modaraba(PMI)	30,281,434 ▼ -0.39
Pervez Ahmed Consultancy / Jun 19 Pervez Ahmed Consultancy Services Ltd.(PASL)	25,166,746 ▼ -0.05
K-Electric Ltd. / Jun 19 K-Electric Limited(KEL)	21,008,163 ▼ -0.17
PIA Holding Co.Ltd / Jun 19 PIA Holding Company Limited(PIAHCLA)	19,362,254 ▼ -0.81
Invest Bank / Jun 19 Invest Capital Investment Bank Limited(ICIBL)	18,857,349 ▲ 0.54
TPL Properties / Jun 19 TPL Properties Limited(TPLP)	16,119,235 ▼ -0.3
Ist.Capital Sec / Jun 19 First Capital Securities Corporation(FCSC)	14,394,194 ▼ -0.16
Yousuf Weaving / Jun 19 Yousaf Weaving Mills Limited(YOUW)	14,359,754 ▲ 0.33

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