News Archives for Print - 2025-01-18

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Print - 2025-01-18

12 Indians killed serving in Russian armed forces

NEW DELHI: At least 12 Indians have died serving in the Russian armed forces, India’s foreign ministry said on...

Published 18 Jan, 2025 05:45am

The Weather

KARACHI: The weather report on Friday (January 17, 2025) and the forecast for Saturday (January 18, 2025)...

Published 18 Jan, 2025 05:45am

Strength of nations lies in politics and culture: Bilawal

KARACHI: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has emphasised that the strength of a nation...

Updated 18 Jan, 2025 06:53am

Sindh CM opens ‘Livestock Expo 2025’

KARACHI: Sindh Chief Minister Murad Ali Shah Friday inaugurated the Sindh Livestock Expo 2025, highlighting the...

Published 18 Jan, 2025 05:45am

IK convicted for ‘deceiving’ public: Sharjeel

KARACHI: Senior Minister Sindh Sharjeel Inam Memon on Friday said today is an important day in history of the ...

Published 18 Jan, 2025 05:45am

PDWP approves development schemes

LAHORE: The Provincial Development Working Party (PDWP) Punjab approved five development schemes worth over Rs14.7...

Published 18 Jan, 2025 05:45am

Jul-Dec ICT sector export soars 28pc, NA told

ISLAMABAD: Minister of State for Information Technology Shaza Fatima Khawaja said that 28 percent export has...

Published 18 Jan, 2025 05:45am

Cost of Hyderabad-Sukkur Motorway escalates to Rs400bn: NHA

ISLAMABAD: The cost of Hyderabad-Sukkur Motorway (M-6) is estimated to escalate and reach around Rs400 billion...

Published 18 Jan, 2025 05:45am

Minister explains delay in pension payments, other challenges

KARACHI: Local government minister Saeed Ghani acknowledged delays in pension payments, employee dues and persistent...

Updated 18 Jan, 2025 06:50am

PM welcomes C/A surplus

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday welcomed the current account surplus posted for the third...

Published 18 Jan, 2025 05:45am

HMPV spread, risks: Govt issues advisory on precautions

ISLAMABAD: The federal government has issued an advisory on precautions against the spread of Human Metapneumovirus...

Published 18 Jan, 2025 05:45am

Ghafoor Haideri elected NA body chairman

ISLAMABAD: The Standing Committee on Housing and Works in a meeting held on Friday, unanimously, elected Moulana...

Published 18 Jan, 2025 05:45am

Boat incidents in Greece: 89 FIA officers found guilty of foul play

ISLAMABAD: As many as 89 officials of Federal Investigation Agency (FIA) were found guilty of foul play involving ...

Published 18 Jan, 2025 05:45am

Commodities

Gold prices slightly up

KARACHI: Gold prices saw a slight upward move on Friday, as the global bullion rates edged higher, traders said. ...

Published 18 Jan, 2025 05:45am

Cotton & Textile

Spot rate remains unchanged on cotton market

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

Published 18 Jan, 2025 05:45am

Solarisation of tubewells: Punjab agri dept receives 533,000 applications

LAHORE: The Punjab Agriculture Department (PAD) has received over 533,000 applications for the solarisation of...

Updated 18 Jan, 2025 06:52am

Maryam Nawaz’s vision transforms Punjab: A new era of social welfare and inclusion

Under the dynamic leadership of Chief Minister Maryam Nawaz, Punjab has entered a groundbreaking era of social...

Published 18 Jan, 2025 05:45am

Maryam launches Honhaar Scholarship Programme in Okara

LAHORE: Launching the “CM Honhaar Scholarship” in Okara, Chief Minister Punjab Maryam Nawaz Sharif unveiled new...

Published 18 Jan, 2025 05:45am

‘Independent electricity market’

The Federal Minister for Power Awais Leghari is reported to have informed the National Assembly this week that the...

Updated 18 Jan, 2025 06:34am

‘Tyger Tyger, burning bright, In the forests of the night…?’

It was in 1794 that one William Blake, a poet of his time, wrote that famous poem, equating the shining eyes of a...

Updated 18 Jan, 2025 06:37am

Letters

‘Tackling unemployment’

This is apropos a Business Recorder editorial “Tackling unemployment” carried by the newspaper yesterday. That...

Published 18 Jan, 2025 05:45am

PARTLY FACETIOUS: Can an Amin trump a Sadiq?

“So the meeting between Barrister Gohar, Gandapur and the Chief of Army Staff…” “Before you run at the ...

Published 18 Jan, 2025 05:45am

Stocks

Wall St set for weekly advances in countdown to Trump presidency

NEW YORK: Wall Street’s main indexes rose on Friday, with the S&P 500 and the Dow on track to log their ...

Published 18 Jan, 2025 05:45am

Stocks

China, HK stocks end the week higher on better economic data

SHANGHAI: China and Hong Kong stocks closed higher on Friday and ended the week with gains as a slew of...

Published 18 Jan, 2025 05:45am

Stocks

Europe’s shares in longest weekly winning streak

FRANKFURT: European shares ended on a positive note on Friday, benefiting from a broad-based rally which was fuelled...

Published 18 Jan, 2025 05:45am

9th May riots: Whether trials will also be conducted under PPC, asks SC

ISLAMABAD: The Supreme Court questioned whether the trials against the 9th May rioters in military courts were also...

Published 18 Jan, 2025 05:45am

Opposition parties call for forming a ‘united front’

ISLAMABAD: In the wake of escalating political tensions following the conviction of ex-prime minister Imran Khan and...

Published 18 Jan, 2025 05:45am

IK conviction merit-based: It’s an ‘open-and-shut case’: Tarar

ISLAMABAD: The federal government Friday said the conviction of former prime minister Imran Khan in the £190 ...

Published 18 Jan, 2025 05:45am

Satellite launch: PM greets nation

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday felicitated the nation including the scientists on successful...

Published 18 Jan, 2025 05:45am

Death toll rises to 10 in supply convoy ambush

PESHAWAR: The death toll from an ambush on a convoy bringing supplies to a region besieged by sectarian fighting ...

Published 18 Jan, 2025 05:45am

No new PSDP uplift scheme next year

ISLAMABAD: The Senate Standing Committee on Planning has proposed that no new development project be included in the...

Published 18 Jan, 2025 05:45am

JCP nominates additional judges for IHC, BHC

ISLAMABAD: The Judicial Commission of Pakistan (JCP) nominated two names for their appointment as additional judges...

Published 18 Jan, 2025 05:45am

Al-Qadir Trust case: IK gets 14-year, Bushra 7-year imprisonment

ISLAMABAD: An Accountability Court on Friday sentenced Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan ...

Published 18 Jan, 2025 05:45am

PTI says will challenge accountability court’s verdict

ISLAMABAD: Strongly condemning the conviction of ex-prime minister Imran Khan and his wife Bushra Bibi in the £190...

Published 18 Jan, 2025 05:45am

PTI says will challenge accountability court’s verdict

ISLAMABAD: Strongly condemning the conviction of ex-prime minister Imran Khan and his wife Bushra Bibi in the £190...

Published 18 Jan, 2025 05:45am

Rates

Stocks snap losing streak

KARACHI: Pakistan Stock Exchange on Friday witnessed a bullish trend and closed on strong positive note with healthy...

Published 18 Jan, 2025 05:45am

Stocks

IT stocks drags Indian equity benchmarks to weekly losses

MUMBAI: India’s benchmark indexes declined on Friday and logged weekly losses as IT companies tumbled on mounting...

Published 18 Jan, 2025 05:45am

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 18 Jan, 2025 05:45am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (January 17, 2025). ========================== KIBOR...

Published 18 Jan, 2025 05:45am

Forex

Open market rates of foreign currencies

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

Published 18 Jan, 2025 05:45am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (January 17, 2025). ======================== Open Bid ...

Published 18 Jan, 2025 05:45am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (January 17, 2025)....

Published 18 Jan, 2025 05:45am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (January 17, 2025). ==================================== BR...

Published 18 Jan, 2025 05:45am

‘Ineligible persons’: FBR creates data governance office

ISLAMABAD: The Federal Board of Revenue (FBR) has created a “Data Governance Office” for registration and action...

Updated 18 Jan, 2025 03:11pm

Govt bans import of two ozone depletion substances

ISLAMABAD: The government has decided to ban import of two substances, Polyol blended with HCFC-141b and HCFC-142b,...

Published 18 Jan, 2025 05:45am

Industrial consumers: Dar for providing power tariff relief

ISLAMABAD: Deputy Prime Minister/Foreign Minister Senator Ishaq Dar has directed the relevant departments to...

Updated 18 Jan, 2025 03:09pm

CCoSOEs approves business plans for PBC, PTV

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Friday approved business plans submitted by...

Updated 18 Jan, 2025 09:38am

Cargo scanning systems in Karachi ordered: Irked by cross-border smuggling, PM orders action

ISLAMABAD: Unnerved to the core by the plaguing menace of corrupting foul play that has rotten the very...

Updated 18 Jan, 2025 09:40am

Revolving fund accounts: Accounting procedure revised

ISLAMABAD: The government has revised accounting procedure for revolving fund accounts (foreign aid assignment...

Updated 18 Jan, 2025 09:01am

Dec FCA: CPPA-G seeks negative adjustment of Rs1.03/unit

ISLAMABAD: The Central Power Purchasing Agency–Guaranteed (CPPA-G) has sought negative adjustment of Rs 1.0353 per...

Updated 18 Jan, 2025 09:36am

Cotton & Textile

Subsidy paid to Cotton Export Corporation liable to income tax

LAHORE: An appellate forum has held that a subsidy paid by the federal government to the Cotton Export Corporation ...

Published 18 Jan, 2025 05:45am

Implications of rising oil prices

EDITORIAL: The hike in local petrol prices, a harsh winter pushing global oil demand higher and new US sanctions on...

Updated 18 Jan, 2025 06:29am

Action against tax defaulters

EDITORIAL: Federal Board of Revenue (FBR) has decided to take strict action against tax defaulters and short-filers...

Updated 18 Jan, 2025 06:31am

Education for all – an elusive target

EDITORIAL: Following up on his declaration of an “education emergency” at a recent international conference,...

Updated 18 Jan, 2025 06:32am

Industry

High Commissioner of Rwanda, TDAP chief discuss bilateral trade cooperation

KARACHI: The High Commissioner of Rwanda, Harerimana Fatou, met with Muhammad Zubair Motiwala, Chief Executive of...

Updated 18 Jan, 2025 07:05am

Money & Banking

Asian currencies muted ahead of Trump’s inauguration

BENGALURU: Most Asian currencies were subdued on Friday from a muted greenback, ahead of US President-elect Donald...

Published 18 Jan, 2025 05:45am

PTBA urges FBR to establish tax office in Gwadar

KARACHI: The Pakistan Tax Bar Association (PTBA) has formally requested the Federal Board of Revenue (FBR) to...

Updated 18 Jan, 2025 03:32pm

World Bank sees slow and steady global growth

WASHINGTON: Global growth should remain stable this year and next, but at recent historic lows, the World Bank said...

Published 18 Jan, 2025 05:45am

IMF trims growth projection to 3pc

ISLAMABAD: The International Monetary Fund (IMF) has revised downward GDP growth rate projection for Pakistan to...

Updated 18 Jan, 2025 03:10pm

Trump’s economic plans could cause inflation: IMF

WASHINGTON: Donald Trump’s economic plans risk reigniting US inflation, International Monetary Fund (IMF) chief...

Published 18 Jan, 2025 05:45am

Electricity: annual rebasing from Jan 1 approved

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved the revision in the annual rebasing...

Updated 18 Jan, 2025 03:08pm

Rise in exports, remittances in H1 causes C/A surplus

KARACHI: Pakistan’s current account posted a surplus of over $1 billion in the first half (July-December) of the...

Published 18 Jan, 2025 05:45am

Country’s H1 FDI jumps 20pc to $1.33bn YoY

KARACHI: Foreign Direct Investment (FDI) surged by 20 percent in the first half of the current fiscal year (FY25),...

Published 18 Jan, 2025 05:45am

IMF warns countries against protectionism, subsidies

WASHINGTON: The International Monetary Fund on Friday raised its forecast for global growth in 2025 by one-tenth of ...

Published 18 Jan, 2025 05:45am

Feb 10- Mar 5: World Bank to send mission to assess slow progress on Dasu project

ISLAMABAD: The World Bank will dispatch Implementation Support and Progress Review Mission to monitor Dasu...

Updated 18 Jan, 2025 03:08pm

Weekly SPI inflation down 0.39pc

ISLAMABAD: The Sensitive Price Index-based inflation for the week ended January 16, 2025, decreased by 0.39per cent...

Published 18 Jan, 2025 05:45am

5 more ministries to be examined for rightsizing

Minister for Finance and Revenue Muhammad Aurangzeb chairs meeting of the Committee on Rightsizing the Federal Government

Updated 18 Jan, 2025 03:32pm

Money & Banking

Dollar strengthens against yen

NEW YORK: The dollar strengthened against the yen on Friday, but remained on track to end the week lower after a...

Published 18 Jan, 2025 05:45am

Industry

FPCCI hosts seminar

KARACHI: Under the leadership of Shaukat Jilani, Convener of the Sindh Regional Committee on Consumer and Public...

Published 18 Jan, 2025 05:45am

Industry

Transforming Karachi’s waterfront: TPL Properties unveils ‘The Mangrove’ project

KARACHI: Karachi is set to witness a major transformation along its waterfront as TPL Properties unveils “The...

Published 18 Jan, 2025 05:45am

Money & Banking

Deutsche Bank declares PLS rates

KARACHI: The Deutsche Bank has declared PLS rates January 18, 2025. =============================================...

Published 18 Jan, 2025 05:45am

Companies

PSX, 1LINK ink deal to revamp book building

KARACHI: Pakistan Stock Exchange Limited (PSX) is pleased to announce the signing of an agreement between PSX and...

Published 18 Jan, 2025 05:45am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 18	283.63
USD PKR Interbank Buying / Jun 18	283.43
USD to Japanese Yen / Jun 18	144.98
USD to Swiss Franc / Jun 18	0.82
Pound Sterling to USD / Jun 18	1.35
Euro to USD / Jun 18	1.15
UK LIBOR % / Jun 17	4.96

Stock	Volume
S&P 500 / Jun 17	5,982.72
Nasdaq / Jun 17	19,521.09
Dow Jones / Jun 17	42,215.80
India Sensex / Jun 18	81,296.14
Tokyo Nikkei / Jun 18	38,885.15
Hang Seng / Jun 18	23,694.84
FTSE 100 / Jun 18	8,846.17
Germany DAX 30 / Jun 18	23,428.07
France CAC40 / Jun 18	7,690.56

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 17	16,785
Gold 10 Grams PKR / Jun 17	309,756
Crude Oil USD/Barrel / Jun 18	74.83
Gold Spot USD/Ounce / Jun 18	3,381.83
Cotton US¢/pound / Jun 18	67.70
Petrol/Litre / Jun 19	258.43
Diesel/Litre / Jun 19	262.59

Gainers
Losers
Leaders

Stock	Price
First Prudential Mod. / Jun 18 First Prudential Modaraba(PMI)	4.87 ▲ 1 (25.84%)
Cresent Jute / Jun 18 Crescent Jute Products Limited(CJPL)	6.40 ▲ 0.83 (14.9%)
Siddiqsons Tin / Jun 18 Siddiqsons Tin Plate Limited(STPL)	6.89 ▲ 0.75 (12.21%)
Service Textile / Jun 18 Service Industries Textiles Limited(SERT)	19.67 ▲ 1.79 (10.01%)
Rupali polyester / Jun 18 Rupali Polyester Limited(RUPL)	20.34 ▲ 1.85 (10.01%)
Haseeb Waqas / Jun 18 Haseeb Waqas Sugar Mills Limited(HWQS)	12.10 ▲ 1.1 (10%)
Kohinoor Mills / Jun 18 Kohinoor Mills Limited(KML)	44.46 ▲ 4.04 (10%)
Leather Up Ltd. / Jun 18 Leather Up Limited(LEUL)	32.23 ▲ 2.93 (10%)
Hinopak Motor / Jun 18 Hinopak Motors Limited(HINO)	451.03 ▲ 41 (10%)
Zahid Jee Textile / Jun 18 Zahidjee Textile Mills Limited(ZAHID)	36.08 ▲ 3.28 (10%)

Stock	Price
Pervez Ahmed Consultancy / Jun 18 Pervez Ahmed Consultancy Services Ltd.(PASL)	3.18 ▼ -0.7 (-18.04%)
Ist.Capital Sec / Jun 18 First Capital Securities Corporation(FCSC)	2.88 ▼ -0.43 (-12.99%)
First IBL Mod. / Jun 18 First IBL Modaraba(FIBLM)	4.21 ▼ -0.62 (-12.84%)
First Treet Manuf / Jun 18 First Treet Manufacturing Modaraba(FTMM)	4.91 ▼ -0.61 (-11.05%)
Tariq Corp.Pref. / Jun 18 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.94 ▼ -0.98 (-10.99%)
Gulistan Sp. / Jun 18 Gulistan Spinning Mills Limited(GUSM)	8.30 ▼ -0.98 (-10.56%)
Sardar Chemical / Jun 18 Sardar Chemical Industries Limited(SARC)	69.39 ▼ -7.71 (-10%)
PIA Holding Co.B / Jun 18 PIA Holding Company Limited B(PIAHCLB)	13,770.20 ▼ -1529.97 (-10%)
Pakgen Power / Jun 18 Pakgen Power Limited(PKGP)	213.65 ▼ -23.74 (-10%)
Baba Farid Sugar / Jun 18 Baba Farid Sugar Mills Limited(BAFS)	55 ▼ -6.01 (-9.85%)

Stock	Volume
WorldCall Telecom / Jun 18 Worldcall Telecom Limited(WTL)	110,698,161 ▼ -0.11
First Prudential Mod. / Jun 18 First Prudential Modaraba(PMI)	51,711,290 ▲ 1
Pervez Ahmed Consultancy / Jun 18 Pervez Ahmed Consultancy Services Ltd.(PASL)	40,869,408 ▼ -0.7
Sui South Gas / Jun 18 Sui Southern Gas Company Limited(SSGC)	35,689,384 ▼ -0.62
TPL Properties / Jun 18 TPL Properties Limited(TPLP)	26,132,805 ▲ 0.34
Ist.Capital Sec / Jun 18 First Capital Securities Corporation(FCSC)	22,498,201 ▼ -0.43
PIA Holding Co.Ltd / Jun 18 PIA Holding Company Limited(PIAHCLA)	19,254,790 ▼ -1.85
Secure Logistics / Jun 18 Secure Logistics Group Limited(SLGL)	18,115,203 ▼ -0.95
First Dawood Prop. / Jun 18 First Dawood Properties Limited(FDPL)	17,153,517 ▲ 0.09
Invest Bank / Jun 18 Invest Capital Investment Bank Limited(ICIBL)	17,046,495 ▼ -0.72

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