News Archives for Print - 2025-04-09

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Print - 2025-04-09

Industry

President HCSTSI demands completion of M-6 Motorway

HYDERABAD: President Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Muhammad Saleem Memon, has...

Published 09 Apr, 2025 08:04am

No talks with Centre on canal issue, says Shoro

KARACHI: Sindh Irrigation Minister Jam Khan Shoro has said that Sindh will not hold any discussions with the federal...

Published 09 Apr, 2025 08:03am

SBP to observe ‘financial literacy week’

KARACHI: The State Bank of Pakistan (SBP) will observe Pakistan Financial Literacy Week 2025 nationwide from April...

Published 09 Apr, 2025 08:02am

Punjab police deports over 5,000 illegal foreign residents

LAHROE: Punjab Police’s province-wide campaign to evacuate illegally residing foreign nationals is in full swing,...

Published 09 Apr, 2025 08:01am

Punjab Seed Council approves ‘Chenab Pasta-24’

FAISALABAD: In a major stride for agricultural innovation, the Punjab Seed Council has officially approved “Chenab...

Published 09 Apr, 2025 08:00am

IK’s sisters not arrested: govt

LAHORE: Punjab Information Minister Azma Bokhari has strongly denied reports regarding the arrest of the PTI...

Published 09 Apr, 2025 07:58am

Six held for hiking prices of edible goods

LAHORE: In a crackdown on profiteering, the Lahore district administration has arrested six individuals involved in...

Published 09 Apr, 2025 07:29am

Punjab CM to visit Turkiye to attend ‘Anatolia Diplomacy Forum’

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif will visit Turkey to attend three-day event of the 4th Anatolia...

Published 09 Apr, 2025 07:26am

Khakwani made SC additional registrar

ISLAMABAD: The Supreme Court of Pakistan has appointed Waseemur Rehman Khan Khakwani, a judicial officer from the...

Published 09 Apr, 2025 07:18am

Industry

Fruit juice industry: govt mulling 5pc FED reduction

ISLAMABAD: The government is seriously considering 5 percent reduction in Federal Excise Duty (FED) on juices in...

Published 09 Apr, 2025 07:16am

‘MQM won’t be allowed to reawaken its politics of hate’: Sharjeel

KARACHI: Those talking about lawlessness were themselves responsible for lawlessness in the past, provincial...

Published 09 Apr, 2025 07:15am

Illegal housing societies: CDA decides to publish zone-wise list

ISLAMABAD: The Capital Development Authority (CDA) has decided to publish a zone-wise list of illegal housing...

Published 09 Apr, 2025 07:14am

EPA launches crackdown on car wash stations

LAHORE: The Environmental Protection Agency (EPA) Punjab has initiated a grand operation against car wash stations...

Published 09 Apr, 2025 07:13am

Taxes

Non-payment of refund: FTO refuses to entertain taxpayer’s complaint

ISLAMABAD: Federal Tax Ombudsman (FTO) has refused to entertain a taxpayer’s complaint of non-payment of refund...

Published 09 Apr, 2025 07:12am

Industry

‘Branding, designing and high-value products should be promoted’

KARACHI: The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and...

Published 09 Apr, 2025 07:10am

Bad news for students: Global UGRAD comes to an end

ISLAMABAD: Shockwaves are sweeping across Pakistan’s academic circles as the United States Educational Foundation...

Published 09 Apr, 2025 07:08am

Tracing the terror trail

“To fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the...

Published 09 Apr, 2025 06:39am

Trump tariffs: a wake-up call for strategic realignment

The Trump tariffs appear less a product of coherent trade policy and more a negotiating tactic — a dramatic ...

Published 09 Apr, 2025 06:36am

Minister vows to upgrade sports infrastructure

LAHORE: Announcing sports development projects aimed at enhancing sports infrastructure in the province, Punjab...

Published 09 Apr, 2025 05:53am

UAE envoy calls on Governor

KARACHI: Ambassador of the United Arab Emirates, Hamad Obaid Al Zabi, called on Governor Sindh Kamran Khan Tessori...

Published 09 Apr, 2025 05:46am

Action over anti-Israel protests: US cancels visas of 400 students including Pakistanis

WASHINGTON: More than 400 international students, including several from Pakistan and other Muslim countries, have...

Published 09 Apr, 2025 05:46am

Women arrested in altercation discharged

LAHORE: A judicial magistrate discharged three women arrested in a case involving an altercation with customs...

Published 09 Apr, 2025 05:46am

‘Women leaders envision greater participation in public advocacy’

KARACHI: A round table consultative dialogue with women leaders from the corporate and business sectors, both profit...

Published 09 Apr, 2025 05:46am

KE suggests Rs6.62 negative adjustment for Feb

ISLAMABAD: The K-Electric has proposed a negative adjustment of Rs6.62 per unit for February 2025, aiming to refund...

Updated 09 Apr, 2025 09:13am

PM welcomes $2bn Maersk investment

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday welcomed a $2 billion investment from global shipping giant AP...

Updated 09 Apr, 2025 08:42am

White crystalline sugar: FBR fixes minimum ex-mill value wef April 1

ISLAMABAD: The Federal Board of Revenue (FBR) has fixed the minimum ex-mill value of white crystalline sugar from...

Updated 09 Apr, 2025 09:13am

Companies

Haball secures $52m funding, plans ME foray

KARACHI: Haball, a Pakistan fintech firm, raised $52 million to expand its shariah-compliant supply chain financing...

Published 09 Apr, 2025 05:46am

LED products: levy of 20% regulatory duty proposed

ISLAMABAD: The Ministry of Industries and Production has proposed imposition of a 20 percent regulatory duty on...

Updated 09 Apr, 2025 10:16am

May 9 riots: SC asks ATC to decide cases within 4 months

ISLAMABAD: The Supreme Court directed Anti-Terrorism Courts (ATCs) to decide the cases of persons allegedly involved...

Updated 09 Apr, 2025 09:19am

PIA achieves net profitability first time in 21 years

KARACHI: Pakistan International Airlines (PIA) has achieved net profitability for the first time in 21 years,...

Published 09 Apr, 2025 05:46am

South Asia

BD police arrest former prosecutor

DHAKA: Bangladeshi police said Tuesday they arrested a lawyer who served as a senior prosecutor at a court that...

Published 09 Apr, 2025 05:46am

Flood rehabilitation: World Bank may approve $150m more for Sindh govt

ISLAMABAD: The World Bank is likely to approve additional financing of $150 million to support the government of...

Updated 09 Apr, 2025 09:19am

Reko Diq: CEO declares project as ‘beacon’ for nation

ISLAMABAD: Barrick Gold’s CEO, Mark Bristow, declared on Tuesday that the Reko Diq copper and gold project has the...

Updated 09 Apr, 2025 10:15am

Army chief vows robust security framework

ISLAMABAD: Pakistan Army Chief General Asim Munir on Tuesday assured that the military will provide a robust ...

Published 09 Apr, 2025 05:46am

Gencos BoDs, Gepco chief: PD to make new appointments with CCoSOEs’ nod

ISLAMABAD: The Power Division is all set to appoint new Boards of Gencos and Chairman of Gujranwala Electric Power...

Updated 09 Apr, 2025 09:13am

Trump tariff war rages

BEIJING/ WASHINGTON/PARIS: China refused to bow to what it called “blackmail” from the United States as a global...

Published 09 Apr, 2025 05:46am

Rates

Global market surge lifts index

KARACHI: After a brutal session, the Pakistan Stock Exchange (PSX) rebounded on Tuesday, driven by broad-based gains...

Published 09 Apr, 2025 05:46am

Rubio discusses tariffs, minerals, immigration with Dar

WASHINGTON: US Secretary of State Marco Rubio spoke to Foreign Minister Ishaq Dar on Monday about tariffs, trade...

Published 09 Apr, 2025 05:46am

Primary focus minerals and ties: US official

ISLAMABAD: Eric Meyer, the senior Bureau Official for South and Central Asian Affairs at the US Department of States...

Updated 09 Apr, 2025 08:41am

Energy

Oil and gas exploration: Pakistan, Turkiye step into cooperation

ISLAMABAD: In a significant development, Pakistan and Turkiye have stepped into cooperation in oil and gas...

Published 09 Apr, 2025 05:46am

Energy, minerals sectors: More collaboration discussed with Saudi Arabia

ISLAMABAD: A high-level Saudi delegation, led by Abdulrahman Al-Belushi, Deputy Minister for Mining met with Federal...

Updated 09 Apr, 2025 10:18am

Chagai: NRL discovers significant copper-gold mineralisation

ISLAMABAD: National Resources Limited (NRL) has discovered significant copper-gold mineralisation in Chagai,...

Published 09 Apr, 2025 05:46am

PM asks investors to cash in on emerging opportunities

Stresses the need for adding value to the country’s mineral output

Updated 09 Apr, 2025 03:36pm

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (April 08, 2025). ==================================== BR...

Published 09 Apr, 2025 05:46am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (April 08, 2025). ======================================= Offset...

Published 09 Apr, 2025 05:46am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (April 08, 2025)...

Published 09 Apr, 2025 05:46am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 08, 2025)....

Published 09 Apr, 2025 05:46am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (April 08, 2025)....

Published 09 Apr, 2025 05:46am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (April 08, 2025). ======================== Open Bid Rs...

Published 09 Apr, 2025 05:46am

Forex

Open market rates of foreign currencies

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

Published 09 Apr, 2025 05:46am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (April 08, 2025). ========================== KIBOR...

Published 09 Apr, 2025 05:46am

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 09 Apr, 2025 05:46am

Rates

LME official prices

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

Published 09 Apr, 2025 05:46am

The Weather

KARACHI: The weather report on Tuesday (April 08, 2025) and the forecast for Wednesday (April 09, 2025)...

Published 09 Apr, 2025 05:46am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 73.027 billion...

Published 09 Apr, 2025 05:46am

Commodities

Dalian iron ore slides

SINGAPORE: Iron ore futures fell for a third straight session on Tuesday as escalating trade tensions between the US...

Published 09 Apr, 2025 05:46am

Cotton & Textile

Cotton market: Leading buyers conspicuous by their absence

LAHORE: The local cotton market remained bearish on Tuesday with low trading volume. Cotton Analyst Naseem Usman...

Published 09 Apr, 2025 05:46am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (April 08, 2025)...

Published 09 Apr, 2025 05:46am

Commodities

Gold rebounds above $3,000/oz

NEW YORK: Gold prices rose back above $3,000 per ounce on Tuesday as a weaker US dollar and escalating trade ...

Published 09 Apr, 2025 05:46am

Commodities

Malaysian palm oil rebounds to track Chicago soyoils

JAKARTA: Malaysian palm oil futures inched higher on Tuesday, snapping three consecutive sessions of losses,...

Published 09 Apr, 2025 05:46am

Energy

Oil prices recover slightly

HOUSTON: Oil prices ticked higher on Tuesday but remained near four-year lows as recession fears exacerbated by ...

Published 09 Apr, 2025 05:46am

Rates

Activities of Port Qasim

KARACHI: A total of nine ships were engaged at PQA berths during the last 24 hours, out of them a containers carrier...

Published 09 Apr, 2025 05:46am

Commodities

Copper, aluminium edge up after sharp sell-off

LONDON: Copper and aluminium prices rose in London on Tuesday, pausing a sharp sell-off triggered by worsening...

Published 09 Apr, 2025 05:46am

Commodities

Japanese rubber up on Thai weather concerns

SINGAPORE: Japanese rubber futures bounced off a more than one-year low on Tuesday, underpinned by supply concerns...

Published 09 Apr, 2025 05:46am

Stocks

Nikkei ends 6pc higher on market recovery hopes

TOKYO: Japan’s Nikkei share average closed 6 percent higher on Tuesday, recovering from a 1-1/2-year low hit in ...

Published 09 Apr, 2025 05:46am

Stocks

Gulf bourses rebound in line with global shares

DUBAI: Stock markets in the Gulf ended higher on Tuesday, rebounding from a global selloff on hopes that the US ...

Published 09 Apr, 2025 05:46am

Stocks

China, HK stocks rebound with regional markets

HONG KONG: China and Hong Kong stocks regained some ground on Tuesday, steadying in the wake of stronger regional...

Published 09 Apr, 2025 05:46am

Stocks

European shares notch best session since Nov. 2022 after tariff-sparked pullback

FRANKFURT: European shares rose from 14-month lows on Tuesday, after four straight sessions of heavy selling,...

Published 09 Apr, 2025 05:46am

Stocks

Wall St rallies after sharp losses on hopes of tariff talks

NEW YORK: Wall Street’s main indexes on Tuesday recouped some of the heavy losses clocked since last week as...

Published 09 Apr, 2025 05:46am

Money & Banking

Asian currencies: Indonesia rupiah drops to lifetime low

BENGALURU: Indonesia’s rupiah hit a record low and its equities sank on Tuesday, as traders returned after an...

Published 09 Apr, 2025 05:46am

Money & Banking

Dollar weakens against peers

NEW YORK: The US dollar weakened against major currencies including the yen and euro, while China’s offshore yuan...

Published 09 Apr, 2025 05:46am

Stocks

Sri Lankan shares log biggest intra-day gain

COLOMBO: Sri Lankan shares closed higher on Tuesday, tracking gains in Asian peers, on hopes that Washington is...

Published 09 Apr, 2025 05:46am

Money & Banking

Yuan weakens

SHANGHAI: China’s yuan fell to its weakest level since 2023 on Tuesday after the central bank slightly loosened ...

Published 09 Apr, 2025 05:46am

Zelensky says Ukraine captured two Chinese nationals fighting for Russia

KYIV: President Volo dymyr Zelensky said Tuesday that Ukrainian troops had captured two Chinese citizens fighting...

Published 09 Apr, 2025 05:46am

Trump tariffs and world reactions

EDITORIAL: US tariffs wiped out stock markets across the globe, even in Pakistan - an economy not that is integrated...

Updated 09 Apr, 2025 06:07am

The fragility of global health systems

EDITORIAL: It’s a shame that the recent decision by the United States to withdraw from the World Health...

Updated 09 Apr, 2025 06:12am

US tariffs: what is on the table?

With the announcement of our FM that a high-level delegation will soon leave for Washington for talks on tariffs...

Updated 09 Apr, 2025 06:20am

Leadership — intellect or wisdom?

Intelligence matters for leadership. Its presence is seen as a guarantee for good leadership to prevail. The premise...

Updated 09 Apr, 2025 06:27am

Industry

Tariff war on global financial markets: LCCI urges govt to take steps aimed at insulating economy against external shocks

LAHORE: The Lahore Chamber of Commerce and Industry has expressed serious concern over the impact of tariff war on...

Published 09 Apr, 2025 05:46am

Industry

ABAD for withdrawal of amendments to KBTPR-2002

KARACHI: Association of Builders and Developers of Pakistan (ABAD) has called for the immediate withdrawal of recent...

Published 09 Apr, 2025 05:46am

Taxes

Packaging sector seeks tax incentives, financing support

KARACHI: In alignment with the reform priorities outlined under the IMF’s Resilience and Sustainability Facility,...

Published 09 Apr, 2025 05:46am

Commodities

Gold prices continue to decline

KARACHI: Gold prices - locally and globally - significantly scaled down on Tuesday, as international market’s...

Published 09 Apr, 2025 05:46am

Senate body directs ministry to prioritise M-6, M-9 projects

ISLAMABAD: The Senate Standing Committee on Planning, Development and Special Initiatives has directed the Ministry...

Published 09 Apr, 2025 05:46am

Meeting with SG ECO: Aurangzeb speaks about criticality of emerging trade corridors, connectivity

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday emphasised the importance...

Published 09 Apr, 2025 05:46am

Roadmap aimed at elevating Pak-Azerbaijani trade volumes prepared

ISLAMABAD: Pakistan’s Ministry of Commerce has prepared a comprehensive roadmap aimed at elevating...

Published 09 Apr, 2025 05:46am

Mergers, sale of assets: SECP directs BoDs of listed cos to explain basis for valuation

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed the board of directors of listed...

Published 09 Apr, 2025 05:46am

Dar says Pakistan has the potential to emerge as global mining powerhouse

ISLAMABAD: Deputy Prime Minister (DPM)/Foreign Minister Senator Ishaq Dar said that Pakistan is strategically...

Published 09 Apr, 2025 05:46am

Letters

‘Talking to Adiala’

This is apropos a Business Recorder op-ed titled “Talking to Adiala” carried by the newspaper yesterday. The...

Published 09 Apr, 2025 05:46am

All is set for HBL-PSL-X from 11th

LAHORE: All is set for the HBL Pakistan Super League-X, with defending champions Islamabad United taking on two ...

Published 09 Apr, 2025 05:46am

Nawaz, CM meet Changpeng Zhao

LAHORE: Former Prime Minister and PML-N President Muhammad Nawaz Sharif met with Changpeng Zhao, the former CEO and...

Published 09 Apr, 2025 05:46am

CM Maryam meets SOS Children’s Villages International President

LAHORE: “Childcare reforms are being introduced, the collaborative role of SOS Villages will be important,” said...

Published 09 Apr, 2025 05:46am

Marriyum issues public warning on expected heatwave

LAHORE: Senior Provincial Minister Marriyum Aurangzeb has issued a public warning regarding expected heatwave,...

Published 09 Apr, 2025 05:46am

Cotton & Textile

Early cotton sowing in Punjab doubles

LAHORE: More than 800,000 acres of land in Punjab have been brought under early cotton cultivation this year — ...

Published 09 Apr, 2025 05:46am

Companies

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
Petrol/Litre / Jun 18	258.43
Crude Oil USD/Barrel / Jun 18	74.83
Gold Spot USD/Ounce / Jun 18	3,381.83
Diesel/Litre / Jun 18	262.59
Cotton US¢/pound / Jun 18	67.70

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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