News Archives for Print - 2022-02-28

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Print - 2022-02-28

USA

US Democrats stockpile lawyers, money to fight Republican voting laws

WASHINGTON: Democrats are gearing up to spend record sums on lawyers, advertising and other protect-the-vote efforts...

Published 28 Feb, 2022 07:35am

Uber revamps driver pay algorithm in large US pilot to attract drivers

NEW YORK: Uber Technologies Inc is testing a new driver earnings algorithm in 24 US cities that allows drivers to ...

Published 28 Feb, 2022 07:35am

Middle East

UAE not taking sides in Ukraine conflict

ABU DHABI: The United Arab Emirates wants to encourage a political solution in the Ukraine conflict and taking sides...

Published 28 Feb, 2022 07:35am

Europe

Ukraine launches website for Russians to find killed soldiers

KYIV: Ukrainian authorities on Sunday launched a website to help Russian families track down soldiers who have been...

Published 28 Feb, 2022 07:35am

World’s largest plane destroyed by Russian strikes in Ukraine

KYIV: The largest plane in the world — Ukraine’s Antonov-225 cargo plane — was destroyed by Russian strikes...

Published 28 Feb, 2022 07:35am

China so far not helping Russia evade Western sanctions

WASHINGTON: China so far does not appear to be helping Russia evade Western financial sanctions on Moscow over its...

Published 28 Feb, 2022 07:35am

Russia praises India’s ‘balanced’ stance on Ukraine

NEW DELHI: Russia has praised India’s “independent and balanced” position after Delhi abstained from a UN...

Published 28 Feb, 2022 07:35am

Middle East

Iran rejects deadline, ‘politically motivated’ claims in nuclear talks

DUBAI: Iran said on Sunday it will not accept any deadline set by the West to revive its 2015 nuclear deal with ...

Published 28 Feb, 2022 07:35am

Middle East

Israeli spytech firm NSO sues newspaper for defamation

JERUSALEM: The embattled Israeli spytech firm NSO Group filed Sunday a defamation lawsuit against a newspaper that...

Published 28 Feb, 2022 07:35am

South Asia

Nepal parliament approves US grant amid protests

KATHMANDU: Nepal’s parliament approved a U.S. infrastructure grant of $500 million which critics say undermines ...

Published 28 Feb, 2022 07:35am

Google blocks Russia’s RT app downloads on Ukrainian territory

MOSCOW: Alphabet Inc’s Google has banned downloads of Russian state-owned media outlet RT’s mobile app on...

Published 28 Feb, 2022 07:35am

Recreational drug worth Rs260m: customs foils smuggling bid

UTHAL: Uthal Customs claimed to have foiled the bid to smuggle 8.5 kilogram ice crystal methamphetamine worth Rs 260...

Published 28 Feb, 2022 07:35am

Europe

Long queues form at central Europe border crossings as people flee Ukraine

BEREGSURANY, Hungary/SUDOVA VYSHNYA, (Ukraine): People fleeing war in Ukraine poured into central Europe on Sunday,...

Published 28 Feb, 2022 07:35am

Pakistan Cup to start from March 2 in four cities, squads announced

LAHORE: Pakistan Cup is all set to commence in cities of Faisalabad, Islamabad, Lahore and Multan from March 2....

Published 28 Feb, 2022 07:35am

HBL-PSL-7 witnesses increase in sponsorship despite Covid-19 pandemic

LAHORE: The HBL-PSL-7 which culminated with mega final between Lahore Qalandars and Multan Sultan on Sunday ...

Published 28 Feb, 2022 07:35am

Soucek seals vital win for West Ham over Wolves

LONDON: Tomas Soucek’s second-half goal earned West Ham United a 1-0 victory over Wolverhampton Wanderers on ...

Published 28 Feb, 2022 07:35am

Chelsea ‘praying for peace’ after Abramovich steps aside

LONDON: Chelsea said Sunday they were “praying for peace” following Russia’s invasion of Ukraine after owner...

Published 28 Feb, 2022 07:35am

World champions France call for Russia to be thrown out of 2022 World Cup: federation

PARIS: Russia should be expelled from the 2022 World Cup after invading Ukraine, French Football Federation ...

Published 28 Feb, 2022 07:35am

South Waziristan wins Tribal Games hockey trophy

PESHAWAR: South Waziristan clinched the coveted trophy of the Tribal Games Hockey event by defeating Khyber District...

Published 28 Feb, 2022 07:35am

Ethiopia’s Yehualaw smashes 10km road world record

LONDON: Ethiopia’s Yalemzerf Yehualaw smashed the women’s 10km road record with a time of 29 minutes and 14...

Published 28 Feb, 2022 07:35am

Horse racing: Longshot Emblem Road claims shock win in Saudi Cup

RIYADH: Saudi-trained Emblem Road produced a late surge to claim a shock win in the $20 million Saudi Cup in ...

Published 28 Feb, 2022 07:35am

Sonny Ramadhin, mystifying West Indies spinner, dies at 92

PARIS: Sonny Ramadhin, who has died at the age of 92, was one of the West Indies’ finest spin bowlers and, in...

Published 28 Feb, 2022 07:35am

Pakistan lose Hasan, Ashraf ahead of first Australia Test

KARACHI: Pakistan Sunday suffered a significant setback when pace bowler Hasan Ali and all-rounder Faheem Ashraf ...

Published 28 Feb, 2022 07:35am

National resolve, forces’ preparedness define success: DG ISPR

RAWALPINDI: Director General Inter Services Public Relations (DG ISPR) Major General Babar Iftikhar on Sunday while...

Published 28 Feb, 2022 07:35am

KMU, DOSTI to award KP’s ‘all-round best medical graduate’

PESHAWAR: Khyber Medical University (KMU), Peshawar and Dosti Welfare Organization (DOSTI) have agreed to award USD...

Published 28 Feb, 2022 07:35am

KP businesspeople criticise govt’s ‘anti-business’ policies

PESHAWAR: The business community in Khyber Pakhtunkhwa has severely criticized the federal and provincial ...

Published 28 Feb, 2022 07:35am

The Weather

KARACHI: The weather report on Sunday (February 27, 2022) and the forecast for Monday (February 28, 2022)....

Published 28 Feb, 2022 07:35am

Engineering & Healthcare Show 2022 concludes

LAHORE: Business deals of worth around USD 52 Million were finalized during the 1st edition of Engineering and...

Published 28 Feb, 2022 07:35am

Infinix launches ZERO 5G smartphone

LAHORE: Infinixtoday launched its first premier 5G smartphone, ZERO 5G, delivering the benefits of 5G – such as...

Published 28 Feb, 2022 07:35am

Delegation from Balochistan visits Akhuwat’s office

LAHORE: Non Governmental Organizations (NGOs) working in Balochistan are eager to establish a network on the pattern...

Published 28 Feb, 2022 07:35am

Three members of a family killed in Lahore

LAHORE: Police on Sunday recovered three dead bodies of a family from a house located in Lahore’s Nawab Town ...

Published 28 Feb, 2022 07:35am

Punjab University’s 131st Convocation: Governor vows to improve global rankings of universities in Punjab

LAHORE: Punjab Governor Chaudhry Muhammad Sarwar has said that it was his prime mission as Chancellor to improve...

Published 28 Feb, 2022 07:35am

Labourer electrocuted

QUETTA: A labourer was electrocuted to death while working at Imdad Chowk in Jinnah Road area of the provincial...

Published 28 Feb, 2022 07:35am

Sindh LG Law: JI stages sit-in in Hyderabad

HYDERABAD: Jamaat-e-Islami (JI) Hyderabad chapter staged a sit-in at Hyderabad Press Club on Sunday to condemn...

Published 28 Feb, 2022 07:35am

PTI’s Haleem says Bilawal has ‘ruined’ Sindh

KARACHI: Leader of the Opposition in Sindh Assembly Haleem Adil Sheikh while hitting out at Pakistan People’s ...

Published 28 Feb, 2022 07:35am

Release of MNA Wazir demanded

QUETTA: Speakers of a protest demo demanded of the authorities to release MNA Ali Wazir. This demand was made in a...

Published 28 Feb, 2022 07:35am

Fakhr inaugurates two-day agricultural exhibition

ISLAMABAD: Federal Minister for National Food Security and Research Syed Fakhr Imam inaugurated a two-day...

Published 28 Feb, 2022 07:35am

Qureshi discusses Ukraine issue with Lord Tariq Ahmad

ISLAMABAD: Foreign Minister Makhdoom Shah Mahmood Qureshi on Sunday received a telephone call from Lord Tariq Ahmad,...

Published 28 Feb, 2022 07:35am

Asia

Taliban say no more evacuations until life improves for Afghans abroad

KABUL: The Taliban will not allow any more Afghans to be evacuated until the situation improves abroad for those who...

Published 28 Feb, 2022 07:35am

Asia

North Korea fires ballistic missile, restarting weapons tests blitz

SEOUL: North Korea fired a ballistic missile Sunday, Seoul said, resuming a weapons-testing blitz after a month-long...

Published 28 Feb, 2022 07:35am

Europe

More than 100,000 people in Berlin protest Russia’s invasion

BERLIN: More than 100,000 people protested in solidarity with Ukraine in Berlin on Sunday, calling for the end of...

Published 28 Feb, 2022 07:35am

Europe

Ukraine lodges case against Russia at world court: Zelensky

AMSTERDAM: Ukraine has filed a suit against Russia at the highest UN court in The Hague for disputes between states,...

Published 28 Feb, 2022 07:35am

Pakistan reiterates its resolve to safeguard sovereignty, territorial integrity

ISLAMABAD: Pakistan has reiterated its resolve to safeguard its sovereignty and territorial integrity at all costs ...

Published 28 Feb, 2022 07:35am

Shariah compliance: Shaukat Khanum Memorial Trust, Meezan Bank sign MoU

KARACHI: The Shaukat Khanum Memorial Trust (SKMT) and Meezan Bank signed a Memorandum of Understanding (MoU) to...

Published 28 Feb, 2022 07:35am

‘Book content’: Federal minister sends legal notice to PM’s ex-wife Reham

ISLAMABAD: Federal Minister for Communications and Postal Services Murad Saeed has sent a legal notice to Prime...

Published 28 Feb, 2022 07:35am

Money & Banking

JS Bank receives ‘2021 USD Clearing Elite Quality Recognition Award’

KARACHI: JS Bank, one of the fastest-growing banks in Pakistan, has received the 2021 USD Clearing Elite Quality...

Published 28 Feb, 2022 07:35am

444 new Covid-19 cases emerge in Sindh

KARACHI: Fortunately no death stemming from coronavirus reported on Sunday, however 444 new cases emerged when 9,032...

Published 28 Feb, 2022 07:35am

Egyptian team visits CBD Punjab’s project site

LAHORE: For building new business friendly ties, the Egyptian Government delegation visited CBD Punjab’s project...

Published 28 Feb, 2022 07:35am

President for adopting modern farming techniques

LAHORE: President Dr Arif Alvi has called for adopting modern farming techniques to increase the agricultural...

Published 28 Feb, 2022 07:35am

Tribal youth: KP govt launches Rs1.4bn ASDP to create job opportunities

PESHAWAR: The provincial government of Khyber Pakhtunkhwa has launched a Rs.1.4 billion market-oriented...

Published 28 Feb, 2022 07:35am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (February 21 to...

Published 28 Feb, 2022 07:35am

AAJ PROGRAM SCHEDULE

Monday, February 28, 2022 TIMING PROGRAM TITLE 06:00 GOL GAPAIN 06:25 HEADLINE NEWS 06:30 GOL GAPAIN 06:55 HEADLINE...

Published 28 Feb, 2022 07:35am

Industry

Govt urged to withdraw increase in fuel, electricity rates

LAHORE: Lahore Chamber of Commerce & Industry (LCCI) Executive Committee member and Senior Executive Guard Group...

Published 28 Feb, 2022 07:35am

Energy

Renewable energy projects: Mian Anjum for early completion

LAHORE: The Businessmen Panel (BMP) of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Sunday...

Published 28 Feb, 2022 07:35am

Stocks

China crackdown chips away at HKEX profits

HONG KONG: Hong Kong’s stock exchange operator posted HK$12.5 billion (US$1.6 billion) for 2021 but also ...

Published 28 Feb, 2022 07:35am

Money & Banking

Cryptocurrencies enter Ukraine conflict

LONDON: Having evacuated part of his team from Kyiv, Mike Chobanian, boss of cryptocurrency exchange Kuna, is...

Published 28 Feb, 2022 07:35am

Money & Banking

Turkish lira dips again after rebound from Ukraine-related slide

ANKARA: The Turkish lira fell again on Friday morning after recovering from a slide of as much as 5% a day earlier,...

Published 28 Feb, 2022 07:35am

Money & Banking

Euro zone government bond yields rise, focus on ECB

FRANKFURT: Euro zone bond yields rose on Friday, tracking moves in US Treasuries after falling sharply the previous...

Published 28 Feb, 2022 07:35am

Stocks

Treasury yields slip from early highs

NEW YORK: US Treasury yields eased from earlier highs on Friday after the Federal Reserve’s preferred inflation...

Published 28 Feb, 2022 07:35am

Stocks

Asian markets track Wall St rally as traders weigh Russia sanctions

HONG KONG: Equities bounced back Friday from the previous day’s rout with investors taking their lead from a rally...

Published 28 Feb, 2022 07:35am

Stocks

European shares surge 3pc after Ukraine-driven rout

LONDON: Europe’s main stocks index roared back on Friday, lifting off nine-month lows with banks leading a...

Published 28 Feb, 2022 07:35am

Stocks

Wall St Week Ahead: Some investors wary of ‘buying the dip’ as Ukraine, Fed gyrate stocks

NEW YORK: US stocks are drawing buyers after a recent tumble, but some investors believe buying the dip this time ...

Published 28 Feb, 2022 07:35am

Speedy resolution of problems of overseas directed

FAISALABAD: The District Overseas Committee meeting was held in the DC Office. Deputy Commissioner Ali Shahzad,...

Published 28 Feb, 2022 07:35am

Energy

Oil could jump back above $100 as traders assess Russia SWIFT ban

LONDON: A decision by Western allies on Saturday to block certain Russian banks from the SWIFT payments system is...

Published 28 Feb, 2022 07:35am

People of Sindh fed up with PPP’s rule: Qureshi

ISLAMABAD: Vice Chairman Pakistan Tehreek-e-Insaf and Foreign Minister Makhdoom Shah Mahmood Qureshi Sunday said ...

Published 28 Feb, 2022 07:35am

Robbers strike at shop, loot cloth worth Rs1m

KARACHI: Robbers stole cloth worth over one million rupees from a shop in the metropolis, police said. According to...

Published 28 Feb, 2022 07:35am

KPRA holds capacity building workshop for govt officials

PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) organized a capacity building workshop for Mardan based...

Published 28 Feb, 2022 07:35am

Judicial lockups to be converted into full-fledged sub-jails

LAHORE: To mitigate the chances of security lapse while shifting inmates to judicial lockups under police custody,...

Published 28 Feb, 2022 07:35am

Bohra community to participate in PEC

FAISALABAD: Bohra community on the special directive of its spiritual leader Mufaddal Saifuddin has decided to...

Published 28 Feb, 2022 07:35am

Faisalabad Expo Centre: Buzdar may perform ground -breaking ceremony

FAISALABAD: Chief Minister Punjab Usman Buzdar expected to perform ground breaking ceremony of state-of-the-art...

Published 28 Feb, 2022 07:35am

PAF releases song

ISLAMABAD: Pakistan Air Force (PAF) on Sunday released national song “Dunya Ma Sarbuland” on the occasion of...

Published 28 Feb, 2022 07:35am

Commodities

Peshawar: prices of essential food items show rising trend

PESHAWAR: Upward trend in prices of essential food commodities was witnessed in the local market, according to a...

Published 28 Feb, 2022 07:35am

Cotton & Textile

Weekly Review: Russia-Ukraine conflict causes fluctuations in cotton market

KARACHI: Extraordinary fluctuation was seen in international commodities market due to war between Russia and...

Published 28 Feb, 2022 07:35am

Industry

Telefonica profits soar in 2021 due to asset sales

MADRID: Spanish telecoms giant Telefonica registered a sharp rise in profits in 2021 thanks to a major asset sale...

Published 28 Feb, 2022 07:35am

Cloud kitchens are booming in Dubai but Pakistan is looking to catch up

KARACHI: As food delivery apps boom across the globe – Uber Eats, foodpanda, and Deliveroo have become household...

Updated 28 Feb, 2022 01:56pm

Ukraine war complicates Fed’s inflation fighting effort

The uncertainty created by Russia’s invasion of Ukraine and its impact on the global economy is piling more...

Published 28 Feb, 2022 06:44am

Letters

A tale of two airlines

This is apropos a Business Recorder’s editorial on Pakistan International Airlines’ woes carried by the ...

Published 28 Feb, 2022 06:44am

Significance of mother tongue

EDITORIAL: The language which a person has grown up speaking from early childhood is his or her mother tongue. Over...

Published 28 Feb, 2022 06:44am

EWRF: Unlocking agri credit

EDITORIAL: In the presence of the State Bank of Pakistan (SBP) Governor and presidents of a number of banks, the...

Published 28 Feb, 2022 06:44am

Choosing reforms over politics

Talks and efforts to oust the government by the opposition forces are heating up. Option of vote of no- confidence ...

Published 28 Feb, 2022 06:44am

Lies, damned lies and statistics

Mark Twain wrote, “figures often beguile me particularly when I have the arranging of them myself, in which case...

Published 28 Feb, 2022 06:44am

‘#SaveDaughtersOfSindh’

8th March. International Woman’s Day. That’s it. Just a day. In some parts of Pakistan not even a day. Those ...

Published 28 Feb, 2022 06:44am

Karachi’s air quality worsening

KARACHI: Karachi has turned world’s fourth largest air polluted city as its air quality index has surged to an...

Updated 28 Feb, 2022 09:55am

PKR ends lower

KARACHI: The rupee ended 0.14% lower during the previous week, but endured a volatile ride as escalation in the...

Updated 28 Feb, 2022 09:42am

Pakistan-Afghan border reopens days after deadly clash

QUETTA: A key border crossing between Pakistan and Afghanistan has reopened, officials said Sunday, days after...

Updated 28 Feb, 2022 09:39am

Lahore Qalandars lift HBL-PSL-7 Trophy

LAHORE: Lahore Qalandars lifted the HBL-PSL-7 Trophy, as they outclassed Multan Sultans by 42 runs in the final of...

Published 28 Feb, 2022 06:33am

Australia arrive for first tour in 24 years

ISLAMABAD: The Australian cricket team, headed by skipper Patrick James Cummins, reached Pakistan Sunday night after...

Published 28 Feb, 2022 06:33am

Qureshi speaks to Ukrainian counterpart

ISLAMABAD: Foreign Minister Makhdoom Shah Mahmood Qureshi held a telephonic conversation with the Foreign Minister ...

Published 28 Feb, 2022 06:33am

Third anniversary of Operation Swift Retort: PM expresses resolve, unwavering commitment to security

ISLAMABAD: Prime Minister Imran Khan, on the occasion of the third anniversary of Pakistan’s Operation Swift...

Published 28 Feb, 2022 06:33am

Rates

Futures spread down 933bps

KARACHI: The futures spread declined by 933bps to 3.20 percent on the last day of the outgoing week. Trading...

Published 28 Feb, 2022 06:33am

Rates

The march led by PPP Chairman Bilawal Bhutto Zardari will pass through over dozen major cities before reaching the capital on March 8

Updated 28 Feb, 2022 09:54am

Energy

KE announces financial results for 1HFY2022

KARACHI: During the six months period ended 31 December 2021, the units sent out increased by 2.4% over the same...

Published 28 Feb, 2022 06:33am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 1	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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