News Archives for Print - 2023-03-24

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Print - 2023-03-24

Saudi, Iranian FMs hold Ramazan call, vow to meet ‘soon’: Riyadh

RIYADH: The Saudi and Iranian foreign ministers spoke by phone to mark the beginning of Ramadan, vowing to meet...

Published 24 Mar, 2023 05:55am

Bilawal inaugurates Zia Mohiuddin Flyover in Karachi

KARACHI: Pakistan People’s Party Chairman and Foreign Minister Bilawal Bhutto Zardari Thursday inaugurated the Zia...

Published 24 Mar, 2023 05:55am

Issue of sales tax value on sugar supply still pending in LHC

ISLAMABAD: The Federal Board of Revenue (FBR) has not fixed the minimum value on the supply of sugar for sales tax...

Published 24 Mar, 2023 05:55am

Sherry flays PTI’s deal with another US lobbying firm

ISLAMABAD: Federal Minister for Climate Change Senator Sherry Rehman on Thursday slammed the purported ‘U-turn’...

Published 24 Mar, 2023 05:55am

APNS felicitates Shami

KATACHI: The APNS expresses its pleasure on the conferring of Hilal-e-Imtiaz to the veteran editor and former...

Published 24 Mar, 2023 05:55am

CM pays surprise visits to flour supply centres in Gujranwala

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi conducted surprise visits to the 24/7 flour supply centres in...

Published 24 Mar, 2023 05:55am

Pakistan Day observed with fervour

LAHORE: Pakistan Day commemorating the historic Lahore Resolution passage on March 23, 1940, which led the Muslims ...

Published 24 Mar, 2023 05:55am

Punjab governor confers civil awards on 40 personalities

LAHORE: Governor Punjab Muhammad Balighur Rehman conferred ‘Pakistan Civil Awards’ on 40 prominent personalities...

Published 24 Mar, 2023 05:55am

Bhatti remanded to FIA’s custody for three days

LAHORE: A city magistrate on Wednesday remanded Muhammad Khan Bhatti, principal secretary to former chief minister...

Published 24 Mar, 2023 05:55am

Technical objection should not obstruct dispensation of justice: LHC

LAHORE: The Lahore High Court has held that technical objection should not come in the way of dispensation of...

Published 24 Mar, 2023 05:55am

Europe

Zelensky exhorts EU to send jets, missiles

BRUSSELS: Ukrainian President Volodymyr Zelensky on Thursday told European leaders that “delays” sending fighter...

Published 24 Mar, 2023 05:55am

BD journalist Mamunur Rashid Nomani faces hearing over Digital Security Act charges

NEW YORK: Police in Bangladesh’s southern city of Barisal should immediately drop all charges against journalist...

Published 24 Mar, 2023 05:55am

After Adani, Hindenburg targets Dorsey’s Block

NEW YORK: Two months after accusing India’s Adani Enterprises of fraud, US investment group Hindenburg Research...

Published 24 Mar, 2023 05:55am

IMF warns Lebanon at ‘very dangerous moment’

BEIRUT: Crisis-hit Lebanon is “at a very dangerous moment”, a visiting International Monetary Fund delegation...

Published 24 Mar, 2023 05:55am

Protests, strikes, fuel shortages as pensions fury rages in France

PARIS: French citizens protested and downed tools again on Thursday, with transport and refineries grinding to a ...

Published 24 Mar, 2023 05:55am

S&P Global expands campus recruitment initiative

KARACHI: The S&P Global is committed to fostering strong relationships with academic institutions to equip and...

Published 24 Mar, 2023 05:55am

Pakistan Day celebrated at missions abroad

ISLAMABAD: The Pakistan Day was celebrated with fervour and enthusiasm in various world capitals by Pakistan’s...

Published 24 Mar, 2023 05:55am

Nation pays homage to founding fathers, says PM

ISLAMABAD: Prime Minister Shehbaz Sharif has said that nation is paying homage to the founding fathers for their...

Published 24 Mar, 2023 05:55am

Karachi receives light rain

KARACHI: The mega-city on Thursday received light rain, as the Met Office forecast sunny weather for Friday ...

Published 24 Mar, 2023 05:55am

JI concerned over fresh target killing spree

KARACHI: Jamaat-e-Islami (JI) Karachi on Thursday expressed concerns over the fresh spree of target killings in the...

Published 24 Mar, 2023 05:55am

Food adulterers warned of strict action

KARACHI: Director General of Sindh Food Authority Agha Fakhar has warned those who adulterate food items, saying ...

Published 24 Mar, 2023 05:55am

The Weather

KARACHI: The weather report on Thursday (March 23, 2023) and the forecast for Friday (March 24, 2023)...

Published 24 Mar, 2023 05:55am

Ministry given six weeks to draft fuel relief package

Petroleum Minister Musadik Malik says package is a pricing scheme and not a subsidy

Updated 24 Mar, 2023 09:02am

Austerity measures: MoF links Q4 releases with surrender of 5pc non-ERE funds

ISLAMABAD: The Ministry of Finance (MoF) is said to have linked releases of fourth quarter of current fiscal year,...

Updated 24 Mar, 2023 08:52am

Govt to approve amendments to MA, PPA and NA of Uch Power

ISLAMABAD: The government is to approve amendments to Master Agreement (MA), Power Purchase Agreement (PPA) and the...

Updated 24 Mar, 2023 08:51am

Punjab elections: SCBA demands ECP withdraw notification

ISLAMABAD: The Supreme Court Bar Association (SCBA) demanded that the Election Commission of Pakistan (ECP)...

Updated 24 Mar, 2023 08:53am

Govt calls for grand national dialogue

ISLAMABAD: Law Minister Azam Nazeer Tarar on Thursday said the government is ready to hold political dialogue with...

Updated 24 Mar, 2023 08:52am

Likely hike in policy rate: T-bills RoR soars to 22pc

KARACHI: Rate of return on short-term government papers rose to 22 percent on expected hike in the key policy rate ...

Updated 24 Mar, 2023 08:53am

One person dies in stampede for free flour

PESHAWAR: One person was killed and eight others injured during a stampede for free flour in inflation-wracked...

Published 24 Mar, 2023 05:55am

Clearance of SME Bank depositors’ liabilities: Rs5.557bn savings from closed ADB FMGP project loan to be used

ISLAMABAD: The federal government has decided to use funds of Rs 5.557 billion savings from the closed ADB Financial...

Updated 24 Mar, 2023 08:50am

PTI says ECP decision to be challenged in apex court

LAHORE: The Pakistan Tehreek-e-Insaf (PTI) has decided to challenge the Election Commission of Pakistan’s decision...

Published 24 Mar, 2023 05:55am

Flood victims: Biden expresses ‘solidarity’ with Pakistan

WASHINGTON: President Joe Biden expressed “solidarity” Thursday with China’s Uyghur minority in a message to...

Updated 24 Mar, 2023 08:54am

Pakistan Day: 135 Pakistanis, foreign nationals given civilian awards

ISLAMABAD: President Dr Arif Alvi conferred Pakistan’s civilian awards on 135 citizens as well as foreign ...

Updated 24 Mar, 2023 09:00am

Linkage of smuggling cases with terrorist financing: FBR issues ‘Red Alerts Check List’ for CTD

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a “Red Alerts Check List” for the Counter Terrorism...

Updated 24 Mar, 2023 08:50am

No requirement in Pakistan programme that interferes with polls: IMF

KARACHI: The International Monetary Fund (IMF) said on Thursday that decisions regarding the constitutionality,...

Updated 24 Mar, 2023 09:00am

Records seized: SRB raids club for recovery of SST dues

KARACHI: Sindh Revenue Board (SRB) has carried out a raid on a luxurious club located in a posh area of Karachi. The...

Published 24 Mar, 2023 05:55am

Social media campaign against army: Ministry decides to form task force

ISLAMABAD: The Interior Ministry on Thursday decided to constitute a task force to monitor the social media campaign...

Updated 24 Mar, 2023 06:21am

Relentless groundwater pumping by Pakistan, India has lowered groundwater table: report

LAHORE: Pakistan and India are drawing water from the Indus aquifer faster than the rate of water recharges back ...

Published 24 Mar, 2023 05:55am

PN ship carrying relief goods reaches Turkiye

ISLAMABAD: Second Pakistan Navy Ship PNS MOAWIN deployed on international Humanitarian Assistance & Disaster...

Published 24 Mar, 2023 05:55am

6.8 magnitude earthquake: 11 killed and 172 houses damaged: NDMA

ISLAMABAD: The National Disaster Management Authority (NDMA) on Thursday issued a detailed report on damages and...

Published 24 Mar, 2023 05:55am

PARTLY FACETIOUS: There’s a legacy of bitterness

“Is there anyone out there who cares about his or her legacy?” “Jinnah, we all respect him and love him...

Published 24 Mar, 2023 05:55am

Court rejects remand plea of police in Hassaan Niazi case

ISLAMABAD: A local court, on Thursday, turned down a police plea seeking an extension in physical remand of ...

Published 24 Mar, 2023 05:55am

JIT to probe attacks on FJC, IHC and LEAs: minister

ISLAMABAD: Interior Minister Rana Sanullah on Thursday said that the government has constituted a joint ...

Published 24 Mar, 2023 05:55am

Punjab elections postponement: ECP’s decision in national interest, declares minister

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb on Thursday said that the decision of the...

Published 24 Mar, 2023 05:55am

Neoliberalism, austerity, and climate change crisis

‘Scientists have delivered a “final warning” on the climate crisis, as rising greenhouse gas emissions push ...

Published 24 Mar, 2023 05:55am

Disclosure principles of ‘beneficial ownership’

It is common practice across the globe that anonymous shell companies are formed to hold funds or conduct financial...

Published 24 Mar, 2023 05:55am

Back to basics

EDITORIAL: Of all the ideas being tossed around these days, from all quarters, to control deficits and rescue the...

Published 24 Mar, 2023 05:55am

Letters

KDA chief’s praiseworthy resolve

This is apropos a Business Recorder news item “KDA chief expresses his resolve against land grab” carried by the...

Published 24 Mar, 2023 05:55am

46,000 people in Sindh to be given Zakat cards soon: CM’s aide

KARACHI: Sindh Chief Minister’s Adviser on Zakat Fayyaz Ali Butt has said that Zakat cards will be distributed...

Published 24 Mar, 2023 05:55am

First Bachat Expo to be held from 31st

KARACHI: First Bachat Expo will be held at Expo Centre Karachi from 31st March to 2nd April 2023 to provide goods at...

Published 24 Mar, 2023 05:55am

Karachiites condemn gas supply disruptions during Ramazan

KARACHI: Amid unprecedented inflation and trickling incomes, the residents of Karachi have complained for facing yet...

Published 24 Mar, 2023 05:55am

Stocks

Nasdaq leads Wall Street rally on hopes of pause in rate hike

NEW YORK: The Nasdaq led the rally among Wall Street’s main indexes as major rate-sensitive technology and growth...

Published 24 Mar, 2023 05:55am

Commodities

Palm oil lower

KUALA LUMPUR: Malaysian palm oil futures slumped to a more than six-month closing low on Thursday tracking losses in...

Published 24 Mar, 2023 05:55am

Energy

Oil crawls up as dollar weakens

BENGALURU: Oil prices edged higher on Thursday days after hitting their lowest since late 2021, supported by rising...

Published 24 Mar, 2023 05:55am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Thursday (March 23, 2023)....

Published 24 Mar, 2023 05:55am

Cos and IFIs: Names on ATL a must for appointing Shariah board members: SECP

ISLAMABAD: The Shariah-compliant companies and Islamic Financial Institutions have been barred from appointing...

Published 24 Mar, 2023 05:55am

E-vehicles: NEECA revises building code for energy provisions, charging rules

ISLAMABAD: Following instructions of the Prime Minister, National Energy Efficiency & Conservation Authority...

Published 24 Mar, 2023 05:55am

PTA links floor price mechanism for CMOs to CCP’s NoC

ISLAMABAD: The Pakistan Telecommuni-cation Authority (PTA) has linked floor price uplift mechanism for cellular...

Published 24 Mar, 2023 05:55am

Walmart laying off hundreds of US workers

NEW YORK: Hundreds of workers at five US Walmart facilities that fulfill e-commerce orders are being asked to find...

Published 24 Mar, 2023 05:55am

Industry

GDC in San Francisco: US CG in Lahore inaugurates first-ever ‘Pakistan Pavilion’

LAHORE: At the Game Developers Conference (GDC) hosted in San Francisco, California, US Consul General in Lahore...

Published 24 Mar, 2023 05:55am

Resurgence of Covid-19

EDITORIAL: Health officials said on Thursday that 129 cases of coronavirus infections were reported in the previous...

Published 24 Mar, 2023 05:55am

Human rights: US’s flawed perspective

EDITORIAL: To the US State Department the human rights practices in Pakistan during the rule of coalition government...

Published 24 Mar, 2023 05:55am

Companies

Pakistan Cables inks MoU with PAMS

KARACHI: Pakistan Cables signed a Memorandum of Understanding (MoU) with the Pak Alliance for Math & Science...

Published 24 Mar, 2023 05:55am

Money & Banking

Bank AL Habib declares 70pc cash dividend

KARACHI: The Annual General Meeting of Bank AL Habib Limited was held at its Registered Office in Multan on March ...

Published 24 Mar, 2023 05:55am

Companies

MMBL, iConsult sign MoU

ISLAMABAD: Mobilink Microfinance Bank Limited (MMBL) and International Consulting Associates (Pvt) Ltd (iConsult)...

Published 24 Mar, 2023 05:55am

Companies

ABHI signs accord with Master Group

LAHORE: ABHI, an embedded fintech company, has signed an agreement with Master Group of Industries by virtue of ...

Published 24 Mar, 2023 05:55am

Tax officers accused of violating law by determining profit margins arbitrarily

LAHORE: Tax authorities are involved in violating law by determining arbitrary profit margins in relation to a...

Published 24 Mar, 2023 05:55am

Industry

LCCI organises seminar on World Water Day

LAHORE: On the occasion of World Water Day, a ceremony was held at the Lahore Chamber of Commerce and Industry ...

Published 24 Mar, 2023 05:55am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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