News Archives for Print - 2025-03-05

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Print - 2025-03-05

Capitalism: the double-edged sword

Capitalism, as an economic system, has been both celebrated for its unparalleled ability to drive innovation and...

Published 05 Mar, 2025 02:51am

Stocks

Iraqi delegation visits PSX

KARACHI: A delegation of Iraqi scholars from the Scientific Foundation for Financial Transactions (SFFT Iraq)...

Published 05 Mar, 2025 02:51am

Commodities

Gold prices sharply up

KARACHI: Gold prices shot up on Tuesday, reflecting a sharp rise in global bullion value, again surpassing $2,900...

Published 05 Mar, 2025 02:51am

Money & Banking

JS Bank records consolidated PBT of Rs30.7bn in 2024

KARACHI: JS Bank Limited recorded a consolidated Profit Before Tax (PBT) of Rs 30.7 billion for the year 2024 as...

Published 05 Mar, 2025 02:51am

Money & Banking

NBP wins 10 ‘Best Practice’ awards

KARACHI: National Bank of Pakistan (NBP) wins 10 ‘Best Practice’ awards at the Global Diversity, Equity and...

Published 05 Mar, 2025 02:51am

Tharparker Hospital project: NA body irked by delay in start of construction work

ISLAMABAD: The National Assembly Standing Committee on National Health Services, Tuesday, while reviewing budgetary...

Published 05 Mar, 2025 02:51am

Medical errors claim lives of 18-20pc hospitalised patients?

KARACHI: A staggering 18-20 percent of hospitalized patients in Pakistan lose their lives due to medical errors,...

Published 05 Mar, 2025 02:51am

Under guise of Brown Eyed Beans shipments: Bid to import American almonds foiled

KARACHI: The Collectorate of Customs Enforcement, Karachi has foiled an attempt to import around 155 tons of...

Published 05 Mar, 2025 02:51am

Leghari, Kyrgyzstan envoy discuss energy cooperation

ISLAMABAD: Ambassador of Kyrgyzstan to Pakistan Avazbek Atakhanov on Tuesday called on Federal Minister for Power,...

Published 05 Mar, 2025 02:51am

Health clinics strengthening healthcare infrastructure: CM

LAHORE: The efforts of Chief Minister Punjab Maryam Nawaz Sharif have not only changed condition of old health...

Published 05 Mar, 2025 02:51am

When the inevitable happens…

It hits. It hurts. It depresses. But it does not surprise you. It does not shock you. But the bad feeling gets...

Published 05 Mar, 2025 02:51am

Europeans’ security worries

EDITORIAL: The way Ukrainian President Volodymyr Zelensky’s meeting with President Donald Trump ended abruptly...

Published 05 Mar, 2025 02:51am

Economic Update and Outlook

EDITORIAL: The Finance Division released its February Economic Update and Outlook with three positive indicators — a...

Published 05 Mar, 2025 02:51am

Letters

‘The Kurd struggle’

Business Recorder op-ed writer Rashed Rahman deserves accolades for presenting to the newspaper readers a highly...

Published 05 Mar, 2025 02:51am

Crypto innovation, regulatory challenges

Cryptocurrency has emerged as a transformative force in the global financial ecosystem. What started as an...

Published 05 Mar, 2025 02:51am

The economics of war

Is war an instrument for restoration of peace or is it a necessity to keep the wheels of the economy moving and...

Published 05 Mar, 2025 02:51am

Crime must be punished regardless: SC

ISLAMABAD: The Supreme Court observed that a crime should be punished regardless of who committed it and in ...

Published 05 Mar, 2025 02:51am

NA panel informed: PSDP allocations for PR revised downward

ISLAMABAD: The National Assembly Standing Committee on Pakistan Railways (PR) was informed that the Ministry of...

Published 05 Mar, 2025 02:51am

Copper, gold handling: SIFC EC agrees to leverage PIBTL

ISLAMABAD: The Executive Committee of Special Investment Facilitation Council (SIFC) has agreed to utilize Pakistan...

Updated 05 Mar, 2025 09:17am

Macroeconomic stability achieved: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Tuesday said macroeconomic stability has been achieved in the...

Updated 05 Mar, 2025 09:16am

First review of IMF bailout: Govt ‘well positioned’, says finance minister

ISLAMABAD: Pakistan was “well positioned” for the first review of its $7 billion International Monetary Fund bailout...

Updated 05 Mar, 2025 12:47pm

Govt commits to agreed reforms, fiscal discipline

ISLAMABAD: The Pakistani authorities on Tuesday reiterated their commitment to adhere to the agreed economic reforms...

Updated 05 Mar, 2025 09:25am

PM highlights his govt’s achievements

Says economy back on track

Updated 05 Mar, 2025 09:39am

Hong Kong firm offloads Panama ports after Trump pressure

HONG KONG: Under fierce pressure from US President Donald Trump, Hong Kong’s Hutchison said it had agreed to sell...

Updated 05 Mar, 2025 09:17am

Likely to become part of G20 by 2030: Country will soon stand among developed nations: Dar

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar has expressed satisfaction over the pace of...

Updated 05 Mar, 2025 09:20am

Mobile phone (LCD screens) from China/Hong Kong: New customs values on imports fixed

ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new customs values on the import of Mobile...

Updated 05 Mar, 2025 12:52pm

FY26 budget: PTEA seeks 10-year trade policy, EDS suspension

ISLAMABAD: The Pakistan Textile Exporters Association (PTEA) has sought ten years’ trade policy, suspension of...

Updated 05 Mar, 2025 09:26am

Bannu military compound: 12 civilians killed in car bombings

PESHAWAR: Suicide bombers belonging to a militant group drove two explosive-laden cars into an army compound in ...

Published 05 Mar, 2025 02:51am

MoUs, pacts with Azerbaijan: PM sets up Dar-led panel for prompt realisation

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday constituted a committee to ensure prompt realisation of...

Updated 05 Mar, 2025 09:19am

Dr Zulfiqar Ali appointed VC UAF

FAISALABAD: The Governor/Chancellor has appointed Prof Dr Zulfiqar Ali s/o Muhammad Ramzan as Vice Chancellor,...

Published 05 Mar, 2025 02:51am

Tree-plantation drive launched in Punjab

LAHORE: The Punjab government has launched a large-scale tree plantation project over 48,368 acres across the...

Published 05 Mar, 2025 02:51am

Commodities

Agri dept takes major step to discourage early rice sowing trend

LAHORE: The Agriculture Department of Punjab on Tuesday clamped a complete ban on sowing rice nurseries in the...

Published 05 Mar, 2025 02:51am

Non-provision of food to IK: Azma terms PTI claim ‘baseless’

LAHORE: Punjab Information Minister Azma Bokhari has said that the claim of PTI founder and Bushra Bibi not being...

Published 05 Mar, 2025 02:51am

Feb cement despatches rise 6.82pc to 3.065m tons YoY

LAHORE: Domestic cement deliveries that, after many months of negative momentum, showed a month-over-month increase...

Published 05 Mar, 2025 02:51am

170 tourist sites: Punjab CM approves repair, construction plans

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif has given in-principle approval for the construction, repair and...

Published 05 Mar, 2025 02:51am

Senate body informed ‘Land scam of Rs50bn to Rs60bn finalised in present govt’s tenure’

ISLAMABAD: Chairman Senate Standing Committee on Maritime Affairs Senator Faisal Vawda alleged that a land scam of...

Updated 05 Mar, 2025 09:18am

Rates

LME official prices

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

Published 05 Mar, 2025 02:51am

The Weather

KARACHI: The weather report on Tuesday (March 04, 2025) and the forecast for Wednesday (March 05, 2025)...

Published 05 Mar, 2025 02:51am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 48.661 billion...

Published 05 Mar, 2025 02:51am

Commodities

Gold rises on weaker dollar

NEW YORK: Gold prices rose on Tuesday, driven by a weaker dollar and heightened safe-haven demand amid escalating...

Published 05 Mar, 2025 02:51am

Cotton & Textile

Firm trend on cotton market

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

Published 05 Mar, 2025 02:51am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (March 04, 2025)...

Published 05 Mar, 2025 02:51am

Energy

Brent hits 6-month low on OPEC+ output increase

NEW YORK: Oil prices fell to multi-month lows on Tuesday after reports of OPEC+ plans to proceed with output ...

Published 05 Mar, 2025 02:51am

Commodities

Palm oil futures tumble

JAKARTA: Malaysian palm oil futures closed lower on Tuesday, weighed down by weaker rival Dalian oils and concerns...

Published 05 Mar, 2025 02:51am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 103,863 tonnes of cargo comprising 49,431 tonnes of import cargo and 54,432...

Published 05 Mar, 2025 02:51am

Commodities

Copper falls as tariff tensions escalate

LONDON: Copper prices fell on Tuesday as US President Donald Trump slapped tariffs on China, Canada and Mexico,...

Published 05 Mar, 2025 02:51am

Commodities

Iron ore slips

SINGAPORE: Iron ore futures continued to slide on Tuesday, with just hours to go until US tariffs on Chinese imports...

Published 05 Mar, 2025 02:51am

Stocks

PSX posts smart recovery

KARACHI: The Pakistan Stock Exchange (PSX) staged a strong recovery on Tuesday after a series of consecutive ...

Published 05 Mar, 2025 02:51am

Stocks

Nikkei slides as US tariffs, stronger yen unsettle market

TOKYO: Japan’s Nikkei fell on Tuesday, as markets were jittery about a trade war as fresh US tariffs came into...

Published 05 Mar, 2025 02:51am

Stocks

European shares log worst day in over six months

FRANKFURT: European shares retreated from record highs on Tuesday, joining a global sell-off after US tariffs on...

Published 05 Mar, 2025 02:51am

Simmering PPP-PML(N) row may lead to fall of Shehbaz govt?

ISLAMABAD: A brewing conflict between Pakistan Muslim League-Nawaz (PML-N) and the Pakistan People’s Party (PPP) ...

Published 05 Mar, 2025 02:51am

PTI MPA sent to judicial remand

ISLAMABAD: The Anti-Terrorism Court (ATC) on Tuesday sent Pakistan Tehreek-e-Insaf (PTI) Member of the Provincial...

Published 05 Mar, 2025 02:51am

South Asia

India’s north-south divide over Modi’s plan to redraw constituencies

NEW DELHI: India’s wealthy southern states are up in arms against a proposal by Prime Minister Narendra Modi’s...

Published 05 Mar, 2025 02:51am

Trump pauses aid to Ukraine after Zelensky clash

WASHINGTON: US President Donald Trump has suspended military aid to Ukraine, heaping pressure on Kyiv to agree to...

Published 05 Mar, 2025 02:51am

Dar to take part in extraordinary session of OIC CFM

ISLAMABAD: The Organization of Islamic Cooperation (OIC) has convened an Extraordinary Session of the OIC Council of...

Published 05 Mar, 2025 02:51am

Sindh govt’s uplift projects: Sharjeel reviews progress

KARACHI: A meeting of the spokespersons of the Sindh government was held in Karachi under the chairmanship of...

Published 05 Mar, 2025 02:51am

Industry

DGTO declares KCCI elections null & void

KARACHI: In a landmark decision, Directorate General of Trade Organizations (DGTO) has declared the elections of the...

Published 05 Mar, 2025 02:51am

Stocks

Sri Lanka shares end lower

COLOMBO: Sri Lankan shares closed lower on Tuesday, dragged by real estate and information technology stocks. The...

Published 05 Mar, 2025 02:51am

Money & Banking

Dollar falls amid US growth worries

NEW YORK: The dollar fell to a three-month low on Tuesday as concerns about slowing growth and the impact from...

Published 05 Mar, 2025 02:51am

Money & Banking

Rise in Asian peers helps Indian rupee end higher

MUMBAI: The Indian rupee closed slightly higher on Tuesday tracking a rise in Asian peers, while dollar demand from...

Published 05 Mar, 2025 02:51am

Stocks

Nasdaq on course to confirm correction as trade war worries weigh

NEW YORK: Wall Street’s main indexes fell on Tuesday, with the tech-heavy Nasdaq on course to confirm a ...

Published 05 Mar, 2025 02:51am

Stocks

China, HK shares steady amid US-Sino trade spat

SHANGHAI: China and Hong Kong stocks ended mostly unchanged on Tuesday, buoyed by tech firms, with investors...

Published 05 Mar, 2025 02:51am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (March 04, 2025). ==================================== BR...

Published 05 Mar, 2025 02:51am

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 05 Mar, 2025 02:51am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (March 04, 2025). ========================== KIBOR...

Published 05 Mar, 2025 02:51am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (March 04, 2025). ======================== Open Bid Rs...

Published 05 Mar, 2025 02:51am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (March 04, 2025)....

Published 05 Mar, 2025 02:51am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 04, 2025)....

Published 05 Mar, 2025 02:51am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (March 04, 2025)...

Published 05 Mar, 2025 02:51am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (March 04, 2025). ======================================= Offset...

Published 05 Mar, 2025 02:51am

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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