Print - Business Recorder

Print - 2025-03-07

Markets Print: March 07, 2025

Financials drag Australian shares lower; Insignia surges on raised buyout offers

Australian shares fell on Friday as financial stocks declined, and were set for their third straight weekly drop,...

World Print: March 07, 2025

Russian says its troops capture another village in eastern Ukraine

MOSCOW: The Russian Defence Ministry said on Thursday its forces had captured another village in eastern Ukraine as...

Markets Print: March 07, 2025

JGB yields track German peers to fresh 16-year peaks

TOKYO: Japanese government bond yields extended their climb to fresh 16-year highs on Friday, tracking soaring...

Markets Print: March 07, 2025

Australia, NZ dollars await US jobs data amid tariff confusion

SYDNEY: The Australian and New Zealand dollars were mostly steady ahead of US payrolls on Friday, with much of their...

Markets Print: March 07, 2025

Intra-day update: rupee remains largely unchanged against US dollar

Currency hovers at 279-280 level in inter-bank market

World Print: March 07, 2025

US to reportedly use AI to revoke visas of students it sees as Hamas supporters

WASHINGTON: The US State Department will use artificial intelligence to revoke visas of foreign students who it...

Markets Print: March 07, 2025

South Korean shares track Wall Street lower, but set for weekly gain

The benchmark KOSPI was down 11.08 points or 0.43%

Markets Print: Updated March 07, 2025

Buying rally continues at PSX, KSE-100 gains nearly 900 points

The buying rally continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 900...

Markets Print: March 07, 2025

Japan’s Nikkei falls on Wall Street declines, stronger yen

TOKYO: Japan’s Nikkei share average fell on Friday, tracking Wall Street’s declines overnight and as a stronger yen...

Sports Print: March 07, 2025

Novak Djokovic says hamstring injury behind him, targets ‘Sunshine Double’

INDIAN WELLS: Novak Djokovic said he has recovered from the hamstring injury that forced him out of the Australian...

Markets Print: March 07, 2025

Barkat Frisian Agro shares surge 10% on PSX debut, hit upper limit at Rs20.02

In line with market expectations, shares of Barkat Frisian Agro Limited (BFAGRO) surged by the maximum allowed 10%...

World Print: March 07, 2025

China will ‘resolutely counter’ US pressure on fentanyl, foreign minister says

BEIJING: China warned on Friday it will “resolutely counter” pressure from the United States on the fentanyl issue,...

Pakistan Print: March 07, 2025

Arrest of Kabul bombing suspect illustrates vital US-Pakistan counterterrorism cooperation: US State Dept

Spokesperson says Pakistan and the US have a common interest in fighting terrorism

Markets Print: March 07, 2025

Palm tracks Dalian oils higher, but set to decline for second straight week

JAKARTA: Malaysian palm oil futures edged up on Friday, tracking rival oils’ movement in the Dalian market, but were...

Markets Print: March 07, 2025

China’s coal imports tick up in January-February despite risks to outlook

BEIJING: China’s coal imports rose 2.1% year-on-year, official data showed on Friday, as the import arbitrage...

Markets Print: March 07, 2025

Vietnam tells trade ministry to boost rice exports to counter oversupply

HANOI: The Vietnamese government has told the trade ministry to seek to boost rice exports to the US, China, the EU...

Markets Print: March 07, 2025

Gold eases but eyes weekly gain; US payrolls data on tap

Gold inched lower on Friday on some profit-taking, but was on track for a weekly rise as uncertainty around US...

Markets Print: March 07, 2025

Corn, soybeans ease after rally; US tariff relief limits decline

SINGAPORE: Chicago corn and soybean futures slid on Friday, giving up gains made in the last two sessions, although...

Sports Print: March 07, 2025

CONCACAF Champions Cup: Inter Miami roll without Lionel Messi

Second-half goals from Tadeo Allende and Luis Suarez lifted Inter Miami to a 2-0 win over Cavalier SC on Thursday in...

Markets Print: March 07, 2025

China’s January-February imports of soybean, coal rise; iron ore, crude oil fall

China imports of soybean and coal rose in January-February from a year earlier, while those of iron ore, crude oil,...

Markets Print: March 07, 2025

India bond yields flat before US jobs data, 10-year yield crawls up

MUMBAI: Indian government bond yields were largely unchanged in early deals on Friday, as market participants...

Markets Print: March 07, 2025

Shanghai copper hits nearly five-month high on China stimulus hopes

Shanghai copper rose to its highest in nearly five months on Friday, supported by concerns about US tariff on copper...

Markets Print: March 07, 2025

China January-February iron ore imports hit by Australia weather-related disruptions

BEIJING: China’s iron ore imports in the first two months of 2025 fell by 8.4% from the same period a year earlier,...

Markets Print: March 07, 2025

Indian rupee battles weak risk, failure at psychological level

MUMBAI: The Indian rupee could face downward pressure on Friday on heightened risk aversion stemming from U.S....

Markets Print: March 07, 2025

Stocks stumble, bond selloff abates as investors take stock of US trade policy

SINGAPORE: Investors were met with some calm on Friday after a turbulent week besieged by U.S. trade policy...

World Print: March 07, 2025

Trump delays tariffs for goods under Mexico, Canada trade deal

WASHINGTON: President Donald Trump suspended on Thursday the 25% tariffs he imposed this week on most goods from...

Markets Print: March 07, 2025

Indian benchmarks set for muted start after 2 days of gains

Indian benchmarks may open little changed on Friday after two sessions of gains, but the sentiment will likely be...

World Print: March 07, 2025

Casualties in South Korea fighter jet misfire raised to 29, Yonhap says

SEOUL: The number of people injured after South Korean fighter jets accidentally dropped bombs on a civilian area on...

Markets Print: March 07, 2025

US dollar struggles near 4-month low amid growth concern; jobs data in spotlight

TOKYO: The U.S. dollar wallowed near a four-month low on Friday as ever-shifting tariff policies fanned uncertainty...

Markets Print: March 07, 2025

Trump signs order to establish strategic bitcoin reserve

WASHINGTON: U.S. President Donald Trump signed an executive order on Thursday to establish a strategic bitcoin...

Markets Print: Updated March 07, 2025

Oil set for biggest weekly drop since October on tariff uncertainty, supply gains

NEW DELHI: Oil prices were little changed on Friday but were set for their biggest weekly decline since October as...

World Print: March 07, 2025

Trump weighs revoking legal status of Ukrainians as US steps up deportations

WASHINGTON: U.S. President Donald Trump said on Thursday that he would soon decide whether to revoke temporary legal...

BR Research Print: March 07, 2025

Should the IMF give Pakistan a clean bill of health?

The KSE-100 index has surged by 1,400 points. The finance minister radiates confidence. The prime minister has...

BR Research Print: March 07, 2025

Safe Mix Concrete Limited

Safe Mix Concrete Limited (PSX: SMCPL) was incorporated in Pakistan as a private limited company in 2005 and was...

Pakistan Print: March 07, 2025

LHC judge Ch Abdul Aziz resigns

LAHORE: Justice Chaudhry Abdul Aziz of the Lahore High Court (LHC) on Thursday resigned from his office. Justice...

Pakistan Print: March 07, 2025

Alleged bribery by staff: IHC Registrar asked to initiate probe

ISLAMABAD: The registrar of the Islamabad High Court (IHC) has been asked to initiate an inquiry on alleged bribery...

Pakistan Print: March 07, 2025

ATC confirms pre-arrest bail of Omar Ayub, Zartaj Gul

ISLAMABAD: An Anti-Terrorism Court (ATC) on Thursday confirmed the pre-arrest bail of Pakistan Tehreek-e-Insaf (PTI)...

Pakistan Print: March 07, 2025

Appointment of Haroon Akhtar Khan as SAPM hailed

LAHORE: Economic experts and industrialists have welcomed the appointment of Haroon Akhtar Khan as Special Assistant...

Pakistan Print: March 07, 2025

Salaries and benefits: LHC sets aside recoveries form over 200 lecturers

LAHORE: The Lahore High Court on Thursday set aside recovery of salaries and other benefits from over 200 lecturers...

Pakistan Print: March 07, 2025

Monthly scholarship to be enhanced from Rs25,000 to Rs60,000

LAHORE: Provincial Minister for Labour, Sports and Youth Affairs Malik Faisal Ayub Khokhar has announced to enhance...

Pakistan Print: March 07, 2025

Murad approves major health initiatives

KARACHI: Sindh Chief Minister Murad Ali Shah has approved a comprehensive four-year health improvement plan...

World Print: March 07, 2025

Sikh separatists heckle Indian FM in London

NEW DELHI: India on Thursday condemned a security breach during its foreign minister’s visit to London when a...

World Print: March 07, 2025

Over 300 Nobel Peace nominees counted, possibly including Trump

OSLO: Over 300 people have been nominated for this year’s Nobel Peace Prize, organisers said on Wednesday, with...

Pakistan Print: March 07, 2025

The Weather

KARACHI: The weather report on Thursday (March 06, 2025) and the forecast for Friday (March 07, 2025)...

Pakistan Print: March 07, 2025

Balochistan bears the brunt with 62pc of deaths: Terrorism-related deaths surge 73pc in February

ISLAMABAD: Terrorism-related deaths in Pakistan surged by 73 percent in February 2025 compared to the previous ...

Pakistan Print: March 07, 2025

First model neighbourhood inaugurated in Karachi

KARACHI: Jamaat-e-Islami (JI) Karachi Ameer Monem Zafar has inaugurated the first of its kind “Model...

Pakistan Print: March 07, 2025

Cabinet sub-committee approves various projects

KARACHI: A meeting of the Cabinet Sub-Committee on Finance was held under the chairmanship of Minister for Energy,...

Pakistan Print: March 07, 2025

‘Launchpad Pakistan’ FPCCI initiative extremely important for economy: Sindh governor

KARACHI: Governor of Sindh, Kamran Khan Tessori Thursday said the FPCCI’s ‘Launchpad Pakistan’ initiative is...

Pakistan Print: March 07, 2025

Asad Qasim elected senator from Balochistan

ISLAMABAD: Asad Qasim has been elected as a senator from Balochistan on a general seat. The Election Commission of...

Pakistan Print: March 07, 2025

CM vows to bring about 100pc improvement in public-sector hospitals

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif has directed the authorities concerned to outsource rural health...

Pakistan Print: March 07, 2025

Maryam visits Mayo Hospital, removes CEO, MS on complaints

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif has directed the removal of CEO Mayo Hospital, MS (COO) from his...

Pakistan Print: March 07, 2025

13,451 livestock farmers receive Card

LAHORE: As many as 13,451 livestock farmers have received their livestock cards, while 77,627 male calves belonging...

Pakistan Print: March 07, 2025

Azma assails KP govt over its ‘failure’ to serve the masses

LAHORE: Punjab Information Minister Azma Bokhari has said that Gandapur has been charge-sheeted by his government ...

Pakistan Print: March 07, 2025

PTI leader for narrowing civilians-military ‘divide’

ISLAMABAD: The flamboyant Khyber Pakhtunkhwa president of Pakistan Tehreek-e-Insaf (PTI) on Thursday admitted that...

Pakistan Print: March 07, 2025

Opposition protests, demands early release of PTI Senator

ISLAMABAD: The maiden sitting of the new Senate session, Thursday, was marked with strong protest by the opposition,...

Pakistan Print: March 07, 2025

PM reaffirms his govt’s full support to KP’s development

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Thursday reaffirmed the federal government’s full support in...

Pakistan Print: March 07, 2025

CM takes notice of Kasur incident

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif has taken strict notice of the horrific incident in Kasur, where a...

Pakistan Print: March 07, 2025

High courts’ autonomy must be respected: CJP

ISLAMABAD: Chief Justice of Pakistan Yahya Afridi Thursday said high courts function independently and it would not...

Pakistan Print: March 07, 2025

Tarar informs Senate: Number of centres providing ART significantly up by end-2024

ISLAMABAD: Federal Minister for Law and Justice Azam Nazeer Tarar informed the Senate that the number of centres...

Pakistan Print: March 07, 2025

PITB begins registration for auction of attractive number plates

LAHORE: The Punjab Information Technology Board (PITB), in collaboration with the Punjab Excise and Taxation...

Pakistan Print: March 07, 2025

WCLA commences conservation of key shrines in Uch Sharif

LAHORE: The Walled City of Lahore Authority (WCLA) has commenced the conservation and up-gradation of key shrines in...

Print Print: Updated March 07, 2025

PTC says concerned at proposed amendments to EFS

ISLAMABAD: The Pakistan Textile Council (PTC) has expressed concerns over the proposed amendments to the Export...

World Print: March 07, 2025

US lawmaker censured for protest at Trump speech

WASHINGTON: The US House of Representatives censured Texas Democrat Al Green on Thursday after he was thrown out of...

Life & Style Print: March 07, 2025

Roy Ayers, godfather of neo-soul, dead

NEW YORK: Roy Ayers, the trailblazer of jazz, funk and neo-soul whose “Everybody Loves the Sunshine” proved a hugely...

Pakistan Print: March 07, 2025

Pakistan Army Act, 1952: Provisions now cannot be termed unconstitutional, illegal: SCBA

ISLAMABAD: The Supreme Court Bar Association (SCBA) submitted that provisions of the Pakistan Army Act, 1952 which...

Pakistan Print: March 07, 2025

Unmanned aircraft: SIFC EC issues direction to MoD on area demarcation

ISLAMABAD: The Executive Committee of the Special Investment Facilitation Council (SIFC) has directed the Ministry...

Pakistan Print: March 07, 2025

Army chief visits Bannu Cantt, iterates anti-terror resolve

RAWALPINDI: Chief of Army Staff (COAS) General Syed Asim Munir, NI (M), visited Bannu on Thursday, following the...

Print Print: Updated March 07, 2025

Handover of IS terrorist to US as per UN resolutions: FO

ISLAMABAD: Denying the presence of IS training camps inside Pakistan territory, Foreign Office (FO) said on Thursday...

Print Print: Updated March 07, 2025

FTO unearths tax fraud case involving cyber criminals

ISLAMABAD: The Federal Tax Ombudsman (FTO) has unearthed a unique case of tax fraud involving cyber criminals, who...

Print Print: Updated March 07, 2025

ST returns to 21 cos paid on behalf of non-residents: FBR directs PRAL to allow input tax adjustment

ISLAMABAD: The Federal Board of Revenue (FBR) has directed Pakistan Revenue Automation Limited (PRAL) to remove the...

Print Print: Updated March 07, 2025

Beverages, tobacco and real estate sector: FBR proposes reduction in tax rates

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed reduction in tax rates on beverages, tobacco and real...

World Print: March 07, 2025

UN releases $110m after ‘brutal’ global aid cuts

GENEVA: The UN said Thursday it was allocating $110 million from its emergency fund for life-saving assistance in...

Print Print: Updated March 07, 2025

Wharves 3 and 4: China’s HSR seeks to sort out royalty issue with PQA

ISLAMABAD: Chinese company Huaneng Shandong Ruyi (Pakistan) Energy (Private) Limited (HSR) has sought revision in...

Print Print: Updated March 07, 2025

Govt servants: Condition to opt for one pension clarified

ISLAMABAD: The Finance Division has clarified that the condition to opt for one pension will be applied to...

Print Print: Updated March 07, 2025

Rural residents: SMEDA urged to formulate strategy

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday said that SMEDA can play a key role in rural economic...

Print Print: Updated March 07, 2025

PM reviews National Youth Employment Plan

ISLAMABAD: Prime Minister Shehbaz Sharif approved a comprehensive plan on Thursday to provide youth with training...

Print Print: Updated March 07, 2025

Jul-Jan govt debt up 4.65pc to Rs72.12trn

KARACHI: The federal government’s total debt stock surged by over Rs 3 trillion during the first seven months of the...

Print Print: Updated March 07, 2025

APTMA speaks about challenges facing industry

Seeks government’s nod for direct import of LNG

World Print: March 07, 2025

UN experts say Israel again ‘weaponising starvation’ in Gaza

GENEVA: A group of UN human rights experts said Thursday that Israel is again “weaponising starvation” in Gaza by...

World Print: March 07, 2025

US discussions with Hamas were recent, Trump envoy says

WASHINGTON: President Donald Trump’s special envoy Steve Witkoff said that direct U.S. discussions with Hamas were...

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 7	280.03
USD PKR Interbank Buying / Mar 7	279.78
USD to Japanese Yen / Mar 7	147.73
USD to Swiss Franc / Mar 7	0.88
Pound Sterling to USD / Mar 7	1.29
Euro to USD / Mar 7	1.08
UK LIBOR % / Mar 6	4.96

Stock	Volume
S&P 500 / Mar 6	5,738.52
Nasdaq / Mar 6	18,069.26
FTSE 100 / Mar 6	8,682.84
Dow Jones / Mar 6	43,579.08
Germany DAX 30 / Mar 6	23,419.48
France CAC40 / Mar 6	8,197.67
India Sensex / Mar 7	74,478.53
Tokyo Nikkei / Mar 7	36,894.23
Hang Seng / Mar 7	24,558.34

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 6	17,785
Gold 10 Grams PKR / Mar 6	260,630
Petrol/Litre / Mar 7	255.63
Crude Oil USD/Barrel / Mar 7	66.30
Gold Spot USD/Ounce / Mar 7	2,907.79
Diesel/Litre / Mar 7	258.64
Cotton US¢/pound / Mar 7	65.05

Gainers
Losers
Leaders

Stock	Price
Tariq Corp.Pref. / Mar 7 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.42 ▲ 0.92 (12.27%)
At-Tahur Ltd. / Mar 7 At-Tahur Limited(PREMA)	29.23 ▲ 2.66 (10.01%)
Ahmad Hassan / Mar 7 Ahmad Hassan Textile Mills Limited(AHTM)	59.40 ▲ 5.4 (10%)
Apna Microfin. / Mar 7 Apna Microfinance Bank Limited(AMBL)	11.25 ▲ 1.02 (9.97%)
PIA Holding Co.B / Mar 7 PIA Holding Company Limited B(PIAHCLB)	827 ▲ 74.61 (9.92%)
Engro Poly(Pref / Mar 7 Engro Poly(Pref)(EPCLPS)	12.21 ▲ 1.1 (9.9%)
Kohinoor Ind. / Mar 7 Kohinoor Industries Limited(KOIL)	11.89 ▲ 1.06 (9.79%)
Imperial Limited / Mar 7 Imperial Limited(IML)	17.99 ▲ 1.49 (9.03%)
Popular Islamic / Mar 7 Popular Islamic Modaraba(PIM)	13.68 ▲ 1.1 (8.74%)
Fauji Cement / Mar 7 Fauji Cement Company Limited(FCCL)	45.65 ▲ 3.63 (8.64%)

Stock	Price
Int. Knit. / Mar 7 International Knitwear Limited(INKL)	17.89 ▼ -1.99 (-10.01%)
Ellcot Spinning / Mar 7 Ellcot Spinning Mills Limited(ELSM)	106.78 ▼ -11.86 (-10%)
Universal Ins. / Mar 7 The Universal Insurance Company Limited(UVIC)	9.01 ▼ -1 (-9.99%)
Unicap Modaraba / Mar 7 Unicap Modaraba(UCAPM)	3.06 ▼ -0.29 (-8.66%)
Agritech Limited / Mar 7 Agritech Limited(AGL)	54 ▼ -4.59 (-7.83%)
Ali Asghar / Mar 7 Ali Asghar Textile Mills Limited(AATM)	47 ▼ -3.51 (-6.95%)
Khairpur Sug. / Mar 7 Khairpur Sugar Mills Limited(KPUS)	111 ▼ -7.22 (-6.11%)
Hafiz Ltd. / Mar 7 Hafiz Limited(HAFL)	265.06 ▼ -16.62 (-5.9%)
Idrees Tex. / Mar 7 Idrees Textile Mills Limited(IDRT)	16.50 ▼ -0.93 (-5.34%)
Tariq Glass Ind. / Mar 7 Tariq Glass Industries Limited(TGL)	192.70 ▼ -9.77 (-4.83%)

Stock	Volume
Pak Int.Bulk / Mar 7 Pakistan International Bulk Terminal(PIBTL)	48,305,211 ▼ -0.16
Fauji Cement / Mar 7 Fauji Cement Company Limited(FCCL)	43,712,802 ▲ 3.63
WorldCall Telecom / Mar 7 Worldcall Telecom Limited(WTL)	22,575,994 ▲ 0
Maple Leaf Cement / Mar 7 Maple Leaf Cement Factory Limited(MLCF)	19,463,600 ▲ 1.9
Oil & Gas Dev. / Mar 7 Oil & Gas Development Company Limited(OGDC)	18,047,822 ▲ 2.07
Pak Petroleum / Mar 7 Pakistan Petroleum Limited(PPL)	16,644,912 ▲ 2.51
Sui South Gas / Mar 7 Sui Southern Gas Company Limited(SSGC)	14,957,021 ▲ 0.74
At-Tahur Ltd. / Mar 7 At-Tahur Limited(PREMA)	14,495,052 ▲ 2.66
B.O.Punjab / Mar 7 The Bank of Punjab(BOP)	13,546,949 ▲ 0.09
Sui North Gas / Mar 7 Sui Northern Gas Pipelines Limited(SNGP)	11,470,472 ▲ 1.72

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