Growing circular debt harming financial viability of power sector: Nepra In its State of Industry Report 2021, authority says biggest challenge is the high cost of electricity for which there are several reasons Updated 01 Oct, 2021 12:19pm
PM inaugurates mega power line ISLAMABAD: Prime Minister Imran Khan Thursday expressed optimism that state-of-the-art Matiari to Lahore ... Updated 01 Oct, 2021 09:46am
Fuel charge adjustment: Nepra set to pass financial burden of Rs31bn to consumers ISLAMABAD: National Electric Power Regulatory Authority (Nepra) is all set to pass on the financial burden of Rs31... Updated 01 Oct, 2021 10:25am
Import of additional 114 items: SBP imposes 100pc cash margin requirement KARACHI: In order to keep the exchange rate stable and control the rising import bill, the State Bank of Pakistan... Updated 01 Oct, 2021 10:01am
POL products’ prices increased ISLAMABAD: The federal government Thursday announced hike in the prices of all petroleum products up to 9.7 percent... Updated 01 Oct, 2021 12:45pm
Commodity prices, interest rates: Poor country debt could worsen: WB chief CAIRO: The debt situation for poor countries could worsen due to volatile commodity prices and higher interest ... Updated 01 Oct, 2021 09:48am
Income tax return filing deadline extended till 15th KARACHI: After listening to the problems being faced by taxpayers in filing income tax returns, which were... Updated 01 Oct, 2021 10:02am
Democrats splinter on Biden’s multi-trillion-dollar agenda WASHINGTON: Democratic support for President Joe Biden’s policy agenda showed fresh signs of fragmenting on... Published 01 Oct, 2021 04:07am
Unvaccinated people to face new curbs ISLAMABAD: The National Command and Operation Centre (NCOC), Thursday, announced that fresh restrictions will be... Published 01 Oct, 2021 04:07am
Denmark’s minister arrives ISLAMABAD: Minister for Foreign Affairs of Denmark Jeppe Kofod has arrived on a two-day official visit to Pakistan ... Updated 01 Oct, 2021 06:19pm
Toshakhana case: NAB directed to reply in response to Zardari’s acquittal plea ISLAMABAD: The Accountability Court, on Thursday, while hearing Toshakhana case against former president Asif Ali... Published 01 Oct, 2021 04:07am
Probe into motorway projects: PML-N says decision aimed at diverting attention from ‘bad economy’ ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) secretary-general Ahsan Iqbal, Thursday, termed Prime Minister Imran... Published 01 Oct, 2021 04:07am
ADB official briefs Tarin about vaccine support project ISLAMABAD: Finance Minister Shaukat Tarin said on Thursday that Pakistan’s reform process in the power sector as... Published 01 Oct, 2021 04:07am
Electoral reforms: PDM decides to meet on 12th to firm up strategy ISLAMABAD: The Pakistan Democratic Movement (PDM) has convened its meeting on October 12 to formulate its strategy... Published 01 Oct, 2021 04:07am
Army captain martyred in gun battle with terrorists RAWALPINDI: A Pakistan Army captain was martyred during a gun battle with terrorists in Tank. According to a... Published 01 Oct, 2021 04:07am
PARTLY FACETIOUS: The rupee slide “This policy has disappointed The Khan’s die hard supporters…and the large number of undecided who voted for... Updated 01 Oct, 2021 03:29pm
IRSA fails to determine water availability for Rabi ISLAMABAD: IRSA Advisory Committee (IAC) on Thursday failed to finalise water availability criteria for Rabi 2021-22... Published 01 Oct, 2021 04:07am
Punjab PA passes LRRH (Amend) Bill 2021 LAHORE: The Punjab Assembly on Thursday passed the Lahore Ring Road Authority (Amendment) Bill 2021 and the Punjab... Published 01 Oct, 2021 04:07am
Punjab witnesses decline in Covid-19 positivity ratio LAHORE: The overall corona positivity rate in Punjab has further declined to 4.17 percent, as out of 17,704 Covid-19... Published 01 Oct, 2021 04:07am
Launching ceremony of first-ever Mazdoor Card held LAHORE: The Bank of Punjab (BOP) and Punjab Employees’ Social Security Institution (PESSI) have launched “Punjab... Published 01 Oct, 2021 04:07am
Annual Development Programme: Rs188bn out of Rs560bn utilised by Punjab govt LAHORE: The Punjab government has utilized Rs 188 billion out of Rs 560 billion allocated for Annual Development... Published 01 Oct, 2021 04:07am
Financing problem hindering solar power system’s spread: study ISLAMABAD: A recent study shows that the demand and need for solar systems is rising constantly but difficulties in... Published 01 Oct, 2021 04:07am
Kuwait, Jazeera Airways: PCAA decides to revoke one weekly frequency authorisation KARACHI: Pakistan Civil Aviation Authority (PCAA) has decided to revoke the authorisation of frequency each of ... Published 01 Oct, 2021 04:07am
Customs agents urge FBR to change their status KARACHI: All Pakistan Customs Agents Association (APCAA) has requested the Federal Board of Revenue (FBR) to change... Published 01 Oct, 2021 04:07am
Sindh: likely rains may trigger urban flooding KARACHI: The swirling cyclonic windstorm on Thursday battered most parts of Sindh, which is barrelling towards... Updated 01 Oct, 2021 11:47pm
Digital equity for all ages The growing number and share of older persons in Asia and the Pacific represent success stories of declining... Published 01 Oct, 2021 04:07am
Dilemma facing IMF, and programme countries The pandemic has seen international commodity prices, especially food prices, sky rocket; while oil prices also ... Published 01 Oct, 2021 04:07am
FBR & tax appellate system The Federal Board of Revenue (FBR) is allegedly interfering in the quasi-judicial functions of Commissioners of... Published 01 Oct, 2021 04:07am
Letters ‘Indecision and delays parents of failure?’ This is apropos a Business Recorder editorial “Indecision and delays parents of failure?” carried by the... Published 01 Oct, 2021 04:07am
Rules approved by Cabinet: Social media companies could face Rs500m penalty for ‘unlawful’ content ISLAMABAD: The services of a social media company, a significant social media company or a service provider would be... Updated 01 Oct, 2021 05:48pm
Jamal Mir elected PAA Chairman KARACHI: In the annual Elections for 2021-2022 of Pakistan Advertising Association (PAA) Ahmed Jamal Mir of Prestige... Published 01 Oct, 2021 04:07am
All municipal bodies on emergency duty: Murtaza KARACHI: Administrator Karachi and Sindh government spokesman Barrister Murtaza Wahab Thursday said that all... Published 01 Oct, 2021 04:07am
Israeli forces kill three Palestinians in day of unrest OCCUPIED JERUSALEM: Three Palestinians were killed Thursday by Israeli fire, including a woman who tried to stab... Updated 01 Oct, 2021 11:46pm
Qatar, EU call Afghanistan abuses ‘disappointing’ DOHA: Qatar and the EU’s top diplomats Thursday labelled a recent string of human rights abuses in Afghanistan... Published 01 Oct, 2021 04:07am
Israel FM visits Bahrain to sign deals, open embassy DUBAI: Israeli Foreign Minister Yair Lapid flew to Bahrain on Thursday on the highest-level Israeli visit to the ... Published 01 Oct, 2021 04:07am
Sarkozy given second jail term PARIS: A French court on Thursday handed former president Nicolas Sarkozy a one-year prison sentence for illegal... Published 01 Oct, 2021 04:07am
Dubai opens glitzy Expo with extravagant show DUBAI: Dubai opened its extravagant Expo 2020 on Thursday with a flashy ceremony boasting fireworks and lights... Published 01 Oct, 2021 04:07am
Chip shortage shuts Opel plant in Germany FRANKFURT: Opel will close one of its plants in Germany until the “start of 2022” as a global chip shortage ... Published 01 Oct, 2021 04:07am
Russia urges calm between ally Tajikistan, Afghanistan MOSCOW: Russia urged Tajikistan and Afghanistan to resolve any dispute in a mutually acceptable manner, saying it ... Published 01 Oct, 2021 04:07am
PM orders stern action against land ‘mafias’ ISLAMABAD: Prime Minister Imran Khan has said that food security and climate change are currently the most important... Published 01 Oct, 2021 04:07am
PSAA elects office-bearers KARACHI: Annual General Meeting (AGM) of Pakistan Ship’s Agents Association (PSAA) was held here Thursday at a... Published 01 Oct, 2021 04:07am
Yarn Prices Karachi Yarn Market Rate KARACHI: Karachi Yarn Market Rates on Thursday (September 30, 2021). ======================================= CONES... Published 01 Oct, 2021 04:07am
Yarn Prices Karachi Yarn Market Rate KARACHI: Karachi Yarn Market Rates on Thursday (September 30, 2021). ======================================= CONES... Published 01 Oct, 2021 04:07am
The Weather KARACHI: The weather report on Thursday (September 30, 2021) and the forecast for Friday (October 1, 2021).... Published 01 Oct, 2021 04:07am
Rates PSX advances in volatile trade: BRIndex100 rallies KARACHI: Pakistan Stock Exchange Thursday witnessed a highly volatile session however after moving both ways, closed... Published 01 Oct, 2021 04:07am
Stocks Index down 5.0pc in 3Q2021: PSX becomes one of worst-performing markets KARACHI: Pakistan Stock Exchange remained one of the worst performing markets in the world as the KSE-100 Index... Published 01 Oct, 2021 04:07am
Energy Gas load management plan likely to be approved next week ISLAMABAD: The federal cabinet is likely to ratify the Cabinet Committee on Energy (CCoE)’s decision regarding... Published 01 Oct, 2021 04:07am
Energy Asia’s gasoline crack gains as inventories shrink NEW DELHI: Asia’s gasoline crack strengthened on Thursday after Singapore inventories plunged to their lowest ... Published 01 Oct, 2021 04:07am
Energy US natgas rise on soaring global prices NEW YORK: US natural gas futures rose about 4% on Thursday as worries Europe will not have enough gas in storage for... Published 01 Oct, 2021 04:07am
Rates Activities of Karachi Port KARACHI: The Karachi Port Trust handled 145,133 tonnes of cargo comprising 119,290 tonnes of import cargo and 25,843... Published 01 Oct, 2021 04:07am
Stocks Wall Street rises, but tracks steep monthly losses NEW YORK: Wall Street’s main indexes rose on Thursday at the end of a bruising month as investors kept a close... Published 01 Oct, 2021 04:07am
Stocks Banks boost most Gulf shares; Abu Dhabi dips DUBAI: Jumps in financial shares helped most stock markets in the Gulf close higher on Thursday, with indexes ... Published 01 Oct, 2021 04:07am
Stocks European stocks sag on mixed economic data LONDON: European stock markets sagged Thursday, as Britain ended a pandemic jobs support scheme and German investors... Published 01 Oct, 2021 04:07am
Rates LME official prices LONDON: The following were Thursday official prices. ========================================= ALUMINIUM... Published 01 Oct, 2021 04:07am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (September 30, 2021)... Published 01 Oct, 2021 04:07am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Thursday (September 30, 2021). =======================================... Published 01 Oct, 2021 04:07am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 30, 2021).... Published 01 Oct, 2021 04:07am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Thursday (September 30, 2021). ======================== Bid ... Published 01 Oct, 2021 04:07am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (September 30, 2021).... Published 01 Oct, 2021 04:07am
Rates Revised Rates of Debt Securities KARACHI: The following were the revised rates of debt securities on Thursday (September 30, 2021).... Published 01 Oct, 2021 04:07am
Rates Cross Transactions between Client to Client & Financial Institutions KARACHI: The following were the cross transactions between client to client & financial institutions here on... Published 01 Oct, 2021 04:07am
Rates Member to Member KARACHI: The following transactions member to member subsequently reported on Thursday (September 30, 2021).... Published 01 Oct, 2021 04:07am
Stocks NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL) KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on... Published 01 Oct, 2021 04:07am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (September 30, 2021). ====================================... Published 01 Oct, 2021 04:07am
Rates BOARD MEETINGS KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange.... Published 01 Oct, 2021 04:07am
Stocks Last date of renunciation/payment KARACHI: Last dates of renunciation/payment.... Published 01 Oct, 2021 04:07am
Rates Proposed right issues KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange.... Published 01 Oct, 2021 04:07am
Rates Clearing Schedule for T+2 System KARACHI: Pakistan Stock Exchange's Clearing Schedule for T+2 System.... Published 01 Oct, 2021 04:07am
Stocks Dates of Closure of Books & Annual General Meetings KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ... Published 01 Oct, 2021 04:07am
Rates EFU TAKAFUL CONSERVATIVE FUND RATES KARACHI: EFU Takaful Conservative Fund Rates on Thursday (September 30, 2021). ======================== Offer ... Published 01 Oct, 2021 04:07am
Rates EFU TAKAFUL AGGRESSIVE FUND RATES KARACHI: EFU Takaful Aggressive Fund Rates on Thursday (September 30, 2021). ======================== Offer Price... Published 01 Oct, 2021 04:07am
Rates EFU TAKAFUL GROWTH FUND RATES KARACHI: EFU Takaful Growth Fund Rates on Thursday (September 30, 2021). ======================== Offer Price... Published 01 Oct, 2021 04:07am
Rates EFU AGGRESSIVE FUND RATES KARACHI: EFU Aggressive Fund Rates on Thursday (September 30, 2021). ======================== Offer Price... Published 01 Oct, 2021 04:07am
Rates EFU GUARANTEED GROWTH FUND RATES KARACHI: EFU Guaranteed Growth Fund Rates on Thursday (September 30, 2021). ======================== Offer Price... Published 01 Oct, 2021 04:07am
Rates EFU Aitemad Growth Fund Rates KARACHI: EFU Aitemad Growth Fund Rates on Thursday (September 30, 2021). ======================== Offer Price... Published 01 Oct, 2021 04:07am
Rates EFU Capital Growth Fund Rates KARACHI: EFU Capital Growth Fund Rates on Thursday (September 30, 2021). ======================== Offer Price... Published 01 Oct, 2021 04:07am
Rates EFU Pension Growth Fund Rates KARACHI: EFU Pension Growth Fund Rates on Thursday (September 30, 2021). ======================== Offer Price... Published 01 Oct, 2021 04:07am
Rates EFU Managed Growth Fund Rates KARACHI: EFU Managed Growth Fund Rates on Thursday (September 30, 2021). ======================== Offer Price... Published 01 Oct, 2021 04:07am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Thursday (September 30, 2021). ========================== ... Published 01 Oct, 2021 04:07am
Rates LIBOR interbank offered rates LONDON: London Interbank Offered Rates (LIBOR) on Thursday (September 30, 2021).... Published 01 Oct, 2021 04:07am
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 01 Oct, 2021 04:07am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday ... Published 01 Oct, 2021 04:07am
Forex Banks rates for currency notes (buying and selling) KARACHI: The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on... Published 01 Oct, 2021 04:07am
Rates Bill buying rates per unit of currency KARACHI: Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank ... Published 01 Oct, 2021 04:07am
Rates LIBOR calculating interest on US dollar KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (September 30,... Published 01 Oct, 2021 04:07am
Forex Currency notes: exchange rates KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan... Published 01 Oct, 2021 04:07am
Forex Exchange rates: buying and selling KARACHI: Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday... Published 01 Oct, 2021 04:07am
Rates Barclays bid rates and maximum rates for payment of interest KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than... Published 01 Oct, 2021 04:07am
Rates State Bank of Pakistan conversion rates KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,... Published 01 Oct, 2021 04:07am
Taxes Provisional figures: Q1 revenue collection stands at Rs1.395trn ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected net revenue of Rs1,395 billion during the... Published 01 Oct, 2021 04:07am
Industry Sale/transfer of sugar mills sans NOC banned in Punjab LAHORE: The Punjab government has banned sale or transfer of sugar mills in the province without obtaining a No... Published 01 Oct, 2021 04:07am
Industry APTMA says optimistic about $21bn textile export target LAHORE: APTMA Patron in Chief Gohar Ejaz, while addressing the Annual General Meeting of the Association, has vowed... Published 01 Oct, 2021 04:07am
Energy Circular debt exceeds Rs2.3trn: State-owned Discos’ losses reach Rs1.35trn: think tank ISLAMABAD: The state-owned electricity Distribution Companies’ performance has depicted a gloomy picture as their... Published 01 Oct, 2021 04:07am
A man of substance and commitment EDITORIAL: Senior journalist, Pakistan People’s Party stalwart and former diplomat Wajid Shamsul Hasan died after ... Published 01 Oct, 2021 04:07am
The issue of conversions EDITORIAL: In his verdict on a petition filed by a Christian rickshaw driver complaining that his minor daughter was... Published 01 Oct, 2021 04:07am
FBR: Don’t use shortcuts EDITORIAL: Fears of the business community that the Federal Board of Revenue (FBR) would ask them questions relating... Published 01 Oct, 2021 04:07am
Money & Banking Forex reserves fall by $252m KARACHI: The country’s total liquid foreign exchange reserves declined by $252 million during last week.... Published 01 Oct, 2021 04:07am
Industry Assembly of Skoda and Volkswagen: PML appoints AKD Securities as financial advisor KARACHI: Premier Motors Limited (PML) will initially launch premium Volkswagen and Skoda Crossovers and SUVs in... Published 01 Oct, 2021 04:07am
Industry FPCCI Export Awards: Alvi distributes awards among top exporters KARACHI: President Dr Arif Alvi, while addressing the 44th FPCCI Export Awards distribution ceremony said that today... Published 01 Oct, 2021 04:07am
Money & Banking China urges banks to avoid housing speculation to curb Evergrande risk BEIJING: China has urged banks to steady the housing market and avoid speculation as fears mount that Evergrande’s... Published 01 Oct, 2021 04:07am