PSMA chief says unable to start crushing LAHORE: Sugar millers have expressed their inability to start the crushing season 2021-22 because of refusal by the... Published 16 Oct, 2021 05:50am
PM for strict legal action against sugar hoarding ISLAMABAD: Prime Minister Imran Khan has ordered strict legal action against sugar hoarding and illegal ... Published 16 Oct, 2021 05:50am
Cases registered against owners of three sugar mills LAHORE: The Punjab government on Friday initiated stern action against the sugar mills for committing violations of... Updated 16 Oct, 2021 01:34pm
Those named in the Pandora, Panama papers: SC urged to ask FBR to seek sources of funds ISLAMABAD: The Supreme Court has been urged to order the federal government and the Federal Board of Revenue (FBR) ... Updated 16 Oct, 2021 02:08pm
SPI up 0.20pc WoW ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended October 14, 2021 recorded an increase of 0.20... Published 16 Oct, 2021 05:50am
Textile group exports witness 27.41pc growth in Q1 ISLAMABAD: The country's textile group exports witnessed 27.41 percent growth during the first quarter... Updated 16 Oct, 2021 09:37am
LSMI output up by 7.26pc in 2 months ISLAMABAD: The Large Scale Manufacturing Industries (LSMI) output increased by 7.26 percent in the first two months... Updated 16 Oct, 2021 01:04pm
PM's step gives voice to small farmers' woes ISLAMABAD: Prime Minister Imran Khan on Friday launched "Kisan Portal" (a portal for farmers) to address their... Updated 16 Oct, 2021 09:16am
Bitcoin hits $60,000 on US ETF expectations LONDON/NEW YORK/HONG KONG: Bitcoin topped $60,000 for the first time in six months on Friday, nearing its all-time... Updated 16 Oct, 2021 09:17am
Shehbaz rejects 'mini-budget' LAHORE: Terming the hike in electricity tariff, raise in petroleum prices and taxes as 'mini budget,' Pakistan ... Published 16 Oct, 2021 04:51am
PD estimates reduction of net subsidy by 30pc ISLAMABAD: Power Division has estimated a reduction of net subsidy by 30 percent to Rs 168 billion from Rs 240... Published 16 Oct, 2021 04:50am
Moratorium on gas schemes imposed: Rs1.39/unit raise in power base tariff announced Hammad Azhar says domestic consumers who use up to 200 units monthly will be exempted from the increase of Rs 1.39 per unit Updated 16 Oct, 2021 09:14am
Punjab to make digitized land record system operational at 14 missions LAHORE: The Punjab government is set to make the digitized land record system operational at 14 missions of four... Published 16 Oct, 2021 04:49am
Punjab govt approves seven more development schemes LAHORE: The Punjab government has approved seven development schemes of various sectors with an estimated cost of Rs... Published 16 Oct, 2021 04:49am
Punjab reports 508 new cases of dengue LAHORE: Punjab continues to witness an increase in the number of dengue cases on Friday, as during the last 24 hours... Published 16 Oct, 2021 04:49am
Grant Bradburn quits coaching role LAHORE: Grant Bradburn has decided to step down from the head of High Performance Coaching role to pursue further... Published 16 Oct, 2021 04:49am
PHMA elects office-bearers KARACHI: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has announced its fresh batch of office... Published 16 Oct, 2021 04:49am
Sindh governor inaugurates 'Lifestyle Furniture Exhibition' KARACHI: Governor Sindh Imran Ismail on Friday inaugurated the 35th Lifestyle Furniture Exhibition here at the... Published 16 Oct, 2021 04:49am
LG system restoration: SC annoyed at Punjab govt's failure ISLAMABAD: The Supreme Court expressed annoyance over the Punjab government's failure to restore the local ... Published 16 Oct, 2021 04:49am
Aiwan-e-Sadr certified as world's first presidency to go green ISLAMABAD: In a unique distinction, the Aiwan-e-Sadr was Friday, awarded an international certification of ISO 50001... Published 16 Oct, 2021 04:49am
Bank holiday KARACHI: The State Bank of Pakistan will remain closed on Tuesday, October 19, 2021 (i.e. 12th Rabi-ul-Awwal, 1443... Published 16 Oct, 2021 04:49am
Automobile company issued warning ISLAMABAD: Parliamentary Secretary National Assembly on Industries and Commerce, Alya Hamza Malik, on Friday warned... Updated 16 Oct, 2021 06:41pm
China rocket blasts off for longest crewed mission to space station BEIJING: China on Saturday launched a rocket carrying three astronauts to its new space station on what is set to be... Published 16 Oct, 2021 04:49am
Hungry for fuel, China looks to the US, Europe eyes relief plans NEW YORK: China's energy crisis deepened on Friday with coal prices hitting a record high as cold weather sweeps in... Published 16 Oct, 2021 04:49am
Cyprus cabinet to revoke 45 passports in cash-for-citizenship scheme NICOSIA: Cyprus said on Friday it would revoke the passports of 45 people who obtained citizenship under a now... Published 16 Oct, 2021 04:49am
Goldman Sachs thrives on global dealmaking frenzy to post bumper profit NEW YORK: Goldman Sachs Group Inc reported a 66% surge in third-quarter earnings that swept past expectations on... Published 16 Oct, 2021 04:49am
South Asia Two Indian soldiers killed as IIOJK tensions escalate OCCUPIED SRINAGAR: Suspected Freedom fighters killed an Indian army officer and a trooper during a manhunt in... Published 16 Oct, 2021 04:49am
US firm sees 'exciting' moment as space tourism booms MOSCOW: As competition in the space tourism industry heats up, a US-based firm said Friday it was excited to ... Published 16 Oct, 2021 04:49am
Iran not ready to resume Vienna talks: EU official BRUSSELS/PARIS: Iran is not ready to return to talks with world powers over its nuclear programme yet and its new... Published 16 Oct, 2021 04:49am
South African ministers 'held hostage' during meeting with veterans JOHANNESBURG: South African security forces moved in to free three government ministers who were held against their... Published 16 Oct, 2021 04:49am
IS fighters massing in Afghanistan: Putin: Moscow to host US, China, Pakistan for Afghanistan talks MOSCOW: Russian President Vladimir Putin on Friday said hundreds of fighters loyal to the Islamic State militant... Published 16 Oct, 2021 04:49am
The Weather KARACHI: The weather report on Friday (October 15, 2021) and the forecast for Saturday (October 16, 2021).... Published 16 Oct, 2021 04:49am
Country reports alarming spike in dengue fever cases ISLAMABAD: Dengue fever across the country is spiking at an alarming rate, especially, in the rural areas, as... Published 16 Oct, 2021 04:49am
Pakistan-US ties progressing in a 'healthy' manner: FO ISLAMABAD: Foreign Office said on Friday that the relationship between Pakistan and the United States is progressing... Published 16 Oct, 2021 04:49am
16 truckloads of humanitarian aid sent to Afghanistan PESHAWAR: The Customs Healthcare Society in collaboration with Pakistan Customs has sent 16 truckloads of... Published 16 Oct, 2021 04:49am
NA informed: Rs270bn released for erstwhile Fata's development so far ISLAMABAD: The National Assembly was informed on Friday that the federal government had so far given Rs270 billion... Published 16 Oct, 2021 04:49am
Saturday holiday restored in academic institutions ISLAMABAD: The federal education department has restored Saturdays as holidays for all the academic institutions... Published 16 Oct, 2021 04:49am
'China-Pakistan Higher Education Research Institute' launched ISLAMABAD: The Higher Education Commission of Pakistan and the China Association of Higher Education jointly ... Published 16 Oct, 2021 04:49am
NCOC lifts one-day mandatory lockdown restriction ISLAMABAD: The National Command and Operations Centre (NCOC), on Friday, lifted one-day mandatory lockdown... Published 16 Oct, 2021 04:49am
Deals, data buzz could help biotech shares exit Wall St's 'no man's land' Sluggish US biotech shares could require a wave of deal-making or exciting clinical trial results if the sector ... Published 16 Oct, 2021 04:49am
Hard choices loom for finance chiefs and their climate pledges In speeches and communiques from top finance officials at the annual meetings of the IMF and World Bank this week,... Published 16 Oct, 2021 04:49am
Leaks and challenges-II White collar crime investigations need special expertise to deal with different nature of financial crimes. However,... Updated 16 Oct, 2021 01:23pm
IMF talks With sleeves rolled up, Federal Finance Minister Shaukat Tarin has begun talks with the IMF (International Monetary... Published 16 Oct, 2021 04:49am
Letters Transforming Karachi into a loadshedding-free city This is apropos a Business Recorder editorial "Karachi under the power spotlight" carried by the newspaper ... Published 16 Oct, 2021 04:49am
Textile sector leading economic recovery In recent times, the textile industry has made notable progress and yielded spectacular results, particularly... Updated 16 Oct, 2021 06:16am
Stocks Gold extends slide on US retail sales surprise, higher yields NEW YORK: Gold prices fell on Friday as a rebound in U.S. bond yields and a surprise increase in September retail... Published 16 Oct, 2021 04:49am
Stocks India's forex reserves rise to $639.52bn as of Oct 8: RBI BENGALURU: India's foreign exchange reserves rose to $639.52 billion as of Oct. 8, compared with $637.48 billion a... Published 16 Oct, 2021 04:49am
Stocks NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL) KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on Friday... Published 16 Oct, 2021 04:49am
Stocks Last date of renunciation/payment KARACHI: Last dates of renunciation/payment.... Published 16 Oct, 2021 04:49am
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 16 Oct, 2021 04:49am
Rates EFU TAKAFUL AGGRESSIVE FUND RATES KARACHI: EFU Takaful Aggressive Fund Rates on Friday (October 15, 2021). ======================== Offer Price... Published 16 Oct, 2021 04:49am
Rates EFU AGGRESSIVE FUND RATES KARACHI: EFU Aggressive Fund Rates on Friday (October 15, 2021). ======================== Offer Price 1,443.0153... Published 16 Oct, 2021 04:49am
Rates EFU GUARANTEED GROWTH FUND RATES KARACHI: EFU Guaranteed Growth Fund Rates on Friday (October 15, 2021). ======================== Offer Price... Published 16 Oct, 2021 04:49am
Rates EFU Aitemad Growth Fund Rates KARACHI: EFU Aitemad Growth Fund Rates on Friday (October 15, 2021). ======================== Offer Price... Published 16 Oct, 2021 04:49am
Rates EFU Capital Growth Fund Rates KARACHI: EFU Capital Growth Fund Rates on Friday (October 15, 2021). ======================== Offer Price... Published 16 Oct, 2021 04:49am
Rates EFU Pension Growth Fund Rates KARACHI: EFU Pension Growth Fund Rates on Friday (October 15, 2021). ======================== Offer Price... Published 16 Oct, 2021 04:49am
Rates EFU Managed Growth Fund Rates KARACHI: EFU Managed Growth Fund Rates on Friday (October 15, 2021). ======================== Offer Price... Published 16 Oct, 2021 04:49am
Rates JLI TAKAFUL INCOME FUND KARACHI: JLI Takaful Income Fund Rates on Friday (October 15, 2021). ======================== Offer Price... Published 16 Oct, 2021 04:49am
Rates JLI TAKAFUL BALANCE FUND KARACHI: JLI Takaful Balance Fund Rates on Friday (October 15, 2021). ======================== Offer Price... Published 16 Oct, 2021 04:49am
Rates JLI CAPITAL GROWTH TAKAFUL FUND KARACHI: JLI Capital Growth Takaful Fund Rates on Friday (October 15, 2021). ======================== Offer ... Published 16 Oct, 2021 04:49am
Rates JLI MANAGED TAKAFUL FUND KARACHI: JLI Managed Takaful Fund Rates on Friday (October 15, 2021). ======================== Offer Price... Published 16 Oct, 2021 04:49am
Rates JLI YAQEEN GROWTH FUND RATES KARACHI: JLI Yaqeen Growth Fund Rates on Friday (October 15, 2021). ======================== Offer Price... Published 16 Oct, 2021 04:49am
Rates JLI MEESEQ Fund Rates KARACHI: JLI Meeseq Fund Rates on Friday (October 15, 2021). ======================== Offer Price 1,209.2945 Bid... Published 16 Oct, 2021 04:49am
Rates JLI Capital Growth Fund Rates KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Friday (October 15, 2021). ========================... Published 16 Oct, 2021 04:49am
Rates JLI Managed Growth Fund Rates KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Friday (October 15, 2021). ========================... Published 16 Oct, 2021 04:49am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Friday (October 15, 2021). ========================== KIBOR... Published 16 Oct, 2021 04:49am
Rates LIBOR interbank offered rates LONDON: London Interbank Offered Rates (LIBOR) on Friday (October 15, 2021).... Published 16 Oct, 2021 04:49am
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 16 Oct, 2021 04:49am
Rates LIBOR calculating interest on US dollar KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Friday (October 15, ... Published 16 Oct, 2021 04:49am
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 16 Oct, 2021 04:49am
Rates State Bank of Pakistan conversion rates KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,... Published 16 Oct, 2021 04:49am
Rates PSX ends on positive note: BRIndex100 on green trajectory KARACHI: Pakistan Stock Exchange witnessed bullish trend on second consecutive day and closed on positive note on... Published 16 Oct, 2021 04:49am
Industry Envoy underscores need for showcasing Pakistani products in Thailand LAHORE: Ambassador of Thailand HE Chakkrid Krachaiwong has said that Thai Airways to resume its flight operations ... Published 16 Oct, 2021 04:49am
Taxes SRB chairman tells KCCI: Issue of issuance of double notices will be resolved KARACHI: Chairman Sindh Revenue Board (SRB) Khalid Mehmood has said that SRB has been making cautious efforts all ... Published 16 Oct, 2021 04:49am
Commodities Gold prices fall slightly KARACHI: Gold on Friday saw a little fall on the local market, traders said. It declined by Rs700 to Rs118300 per... Published 16 Oct, 2021 04:49am
Industry SAI demands gas for SITE industries with required pressure KARACHI: President SITE Association of Industry, Abdul Rasheed has demanded the government to direct SSGC to provide... Published 16 Oct, 2021 04:49am
Money & Banking UAE-based Pakistanis: JS Bank, Home Matters collaborate to provide housing finance KARACHI: JS Bank has partnered with Home Matters, one of the UAE's top mortgage brokers, to set a benchmark for the... Published 16 Oct, 2021 04:49am
Tareen not a political has-been EDITORIAL: Although Jahangir Khan Tareen has been declared ineligible for official positions by court, he doesn't... Published 16 Oct, 2021 04:49am
A retrogressive step by FBR EDITORIAL: It was for good reason that the first directive issued by former FBR Chairman Shabbar Zaidi mandated tax... Published 16 Oct, 2021 04:49am
Industry Import of edible oils: Ghee industry seeks reduction in taxes ISLAMABAD: The ghee and cooking industry has informed the Finance Ministry that India has slashed duties on import ... Published 16 Oct, 2021 04:49am
Industry Europe car sales sink on chip shortage PARIS: European new car sales fell to their lowest level for a month of September since 1995 as a global shortage of... Published 16 Oct, 2021 04:49am
Money & Banking Evergrande debt woes are manageable: China central bank official SHANGHAI: The spillover effect of China Evergrande Group's debt problems on the banking system is controllable, a... Published 16 Oct, 2021 04:49am
Commodities Power crunch hits Europe's silicon and zinc supplies for renewables LONDON: Silicon and zinc output cuts in Europe due to the power crisis are likely to slow the region's energy... Published 16 Oct, 2021 04:49am
Energy Oil prices scale $85/bbl on back of supply deficit LONDON: Oil prices jumped to a three-year high above $85 a barrel on Friday, on forecasts of a supply deficit over... Published 16 Oct, 2021 04:49am
Commodities Raw sugar recovers from two-week lows LONDON: Raw sugar futures on ICE recovered on Friday from two week lows hit in the previous session amid improved... Published 16 Oct, 2021 04:49am
Money & Banking Sterling set for biggest weekly jump in five months LONDON: Sterling rose on Friday and was set for its biggest weekly gain against both the dollar and the euro since... Published 16 Oct, 2021 04:49am
Money & Banking Dollar set to end five-week win streak as risk sentiment rebounds NEW YORK/LONDON: The dollar edged lower against a basket of major currencies on Friday, on track to break its... Published 16 Oct, 2021 04:49am
Energy Asia Naphtha cracks post weekly gain NEW DELHI: Asia's naphtha crack eased slightly from recent highs on Friday, after crude oil prices touched a fresh... Published 16 Oct, 2021 04:49am
Rates Activities of Karachi Port and Port Qasim KARACHI: The Karachi Port Trust handled 163,734 tonnes of cargo comprising 125,514 tonnes of import cargo and 38,220... Published 16 Oct, 2021 04:49am
Commodities PMEX daily trading report KARACHI: On Wednesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 17.508... Published 16 Oct, 2021 04:49am
Energy VLSFO crack drops from 7-month high as crude gains SINGAPORE: Asia's 0.5% very low-sulphur fuel oil (VLSFO) crack dropped on Friday, falling from a more than... Published 16 Oct, 2021 04:49am
Cotton & Textile Cotton Spot Rates KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 15, 2021).... Published 16 Oct, 2021 04:49am
Cotton & Textile Stable trend on cotton market KARACHI: The local cotton market on Friday remained bullish and trading volume remained satisfactory. The Spot Rate... Published 16 Oct, 2021 04:49am
Rates LME official prices LONDON: The following were Thursday official prices. ========================================= ALUMINIUM... Published 16 Oct, 2021 04:49am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Friday (October 15, 2021)... Published 16 Oct, 2021 04:49am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Friday (October 15, 2021). ======================================= Offset... Published 16 Oct, 2021 04:49am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 15, 2021).... Published 16 Oct, 2021 04:49am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Friday (October 15, 2021). ======================== Open Bid ... Published 16 Oct, 2021 04:49am