Industry PRGMEA issues SOS call over acute financial crisis in industry LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has issued a desperate SOS... Published 01 Jul, 2022 07:39am
German ambassador meets Ayaz Sadiq ISLAMABAD: Bernhard Schlagheck, the Ambassador of Federal Republic of Germany to Pakistan, called on Federal ... Published 01 Jul, 2022 07:39am
Raza Khar elected as NA body chairman ISLAMABAD: National Assembly Standing Committee on Commerce has unanimously elected Raza Rabbani Khar, brother of... Published 01 Jul, 2022 07:39am
Seizure of smuggled goods, non-duty paid vehicles: FBR to give cash rewards to LEAs officials ISLAMABAD: The Federal Board of Revenue (FBR) has decided to give cash rewards to the officials of other law... Published 01 Jul, 2022 07:39am
Ehsanullah Reki appointed as minister of state ISLAMABAD: President Dr Arif Alvi, on the advice of Prime Minister Shehbaz Sharif, has approved the appointment of... Published 01 Jul, 2022 07:39am
IT park project worth Rs1bn approved for University of Balochistan ISLAMABAD: The government has approved IT park project of one billion rupees for the University of Balochistan.... Published 01 Jul, 2022 07:39am
PITB, GB Police dept sign MoU to establish DLIMS LAHORE: The Punjab Information Technology Board (PITB) and the Gilgit-Baltistan Police department have signed a... Published 01 Jul, 2022 07:39am
Families of APS martyrs oppose dialogue with TTP PESHAWAR: The parents of the students, who were killed by terrorists during Army Public School (APS) attack in 2014,... Published 01 Jul, 2022 07:39am
Industry ‘Longstanding demand of Sindh’s business community’: FPCCI exhorts govt to upgrade Sukkur airport KARACHI: Irfan Iqbal Sheikh, the president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has... Published 01 Jul, 2022 07:39am
Money & Banking HBL, SBP host 2nd RACC meeting in Quetta QUETTA: HBL as a designated champion bank for Balochistan hosted the second meeting of the Regional Agricultural... Published 01 Jul, 2022 07:39am
Rs53bn K-IV augmentation works: CM sets timeline for project’s completion KARACHI: Chief Minister Sindh Syed Murad Ali Shah on Thursday reviewing the progress of Greater Karachi Bulk Water... Published 01 Jul, 2022 07:39am
HysabKytab, Winikon go into strategic partnership KARACHI: HysabKytab has signed a strategic partnership with Winikon – IT services company specialized in banking... Published 01 Jul, 2022 07:39am
AJK govt: BHC seeks written reply over Balochistan govt’s air jet gift QUETTA: The Balochistan High Court on Thursday directed the Chief Secretary Balochistan and Secretary S&GAD to... Published 01 Jul, 2022 07:39am
Energy Shell Pakistan appoints Burque Corp as distributor in Quetta for lubricants KARACHI: Shell is a leading global supplier of finished lubricants for 15 consecutive years. Shell Lubricants... Published 01 Jul, 2022 07:39am
Rs59.8bn budget of DMC South presented KARACHI: The District Municipal Corporation (DMC) South has presented budget of over Rs 59.8 billion for the... Published 01 Jul, 2022 07:39am
Chinese CG, Sindh IG discuss security measures KARACHI: Consul General of China Li Bijian along with a 13-member delegation met Inspector General of Police (IGP)... Published 01 Jul, 2022 07:39am
Industry ‘Non-tariff barriers creating hurdles in exports’: Country failing to derive desired gains from trade accord with China? KARACHI: Pakistan has failed to capture even five percent of the market share from the 313 high-priority tariff ... Published 01 Jul, 2022 07:39am
Senators discuss problems of students who returned from Ukraine ISLAMABAD: The Senate Standing Committee on Federal Education and Professional Training, National Heritage and... Published 01 Jul, 2022 07:39am
Prolonged power outages: JI to hold sit-in outside KE head office today KARACHI: Jamaat-e-Islami (JI) Karachi has announced a plan hold a sit-in outside the K-Electric head office on ... Published 01 Jul, 2022 06:13am
Najeeb-ud-Din Awasi elected chairman of NA body ISLAMABAD: The National Assembly Standing Committee on Economic Affairs Division (EAD) elected Mian Najeeb-ud-Din... Published 01 Jul, 2022 06:13am
32.58pc less urea supply to Punjab recorded in May LAHORE: Urea supplies to the Punjab province remained 32.58 percent less than the requirement assessed for the month... Published 01 Jul, 2022 06:13am
Unregistered distributors ‘CNIC condition likely to encourage tax evasion’ KARACHI: The condition imposed through Finance Act 2022 to collect CNIC from unregistered distributors by... Published 01 Jul, 2022 06:13am
President gives assent to Finance Act, 2022 ISLAMABAD: President Arif Alvi has given assent to the Finance Act, 2022, to enforce taxation and relief measures ... Published 01 Jul, 2022 06:13am
Middle East Israel parliament dissolves, sets fifth election in less than four years OCCUPIED JERUSALEM: Israeli lawmakers dissolved parliament on Thursday, forcing the country’s fifth election in... Published 01 Jul, 2022 06:13am
Climate change cases surge as courts become environment battleground PARIS: A quarter of all climate change-related legal cases since the 1980s were filed in the last two years,... Published 01 Jul, 2022 06:13am
Middle East Iran says nuclear deal still possible despite Qatar talks setback TEHRAN: Iran insisted Thursday that a revived nuclear agreement with major powers remains achievable despite a... Published 01 Jul, 2022 06:13am
South Asia Taliban to meet US on releasing frozen Afghan funds after quake DOHA: The United States and the Taliban plan talks Thursday in Qatar on unlocking some of Afghanistan’s reserves... Published 01 Jul, 2022 06:13am
South Asia BJP wrests back control of key India state ahead of 2024 election MUMBAI: Indian Prime Minister Narendra Modi’s party is returning to power in the country’s richest state,... Published 01 Jul, 2022 06:13am
USA US Supreme Court backs Biden in bid to end Trump ‘remain in Mexico’ policy WASHINGTON: The US Supreme Court sided with President Joe Biden on Thursday as he seeks to end a hardline ... Published 01 Jul, 2022 06:13am
Africa DR Congo inters Lumumba remains after nationwide pilgrimage KINSHASA: The scant remains of DR Congo’s fiery independence hero Patrice Lumumba were interred on Thursday after ... Published 01 Jul, 2022 06:13am
Chaotic economic situation: Need stressed for practical solutions to boost exports KARACHI: To understand and provide suggestions on Pakistan’s economic challenges, Sadia Rashid, President of... Published 01 Jul, 2022 06:13am
IBA Karachi sets new strategic direction at Leadership Retreat 2022 KARACHI: IBA Karachi steers into a new direction from being one of the leading business administration institutes to... Published 01 Jul, 2022 06:13am
Muhammad Hasan made Sindh AG KARACHI : The Government of Sindh, Law, Parliamentary Affairs & Criminal Prosecution Department has notified ... Published 01 Jul, 2022 06:13am
Systems Limited and IBM co-host Transcend 2022 KARACHI: The recent technological shift urged businesses to capture digital transformation’s value. The business... Published 01 Jul, 2022 06:13am
Industry 27 GSP+ related conventions: Bilawal reiterates commitment ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari on Thursday reiterated Pakistan’s commitment to 27 GSP+ related... Published 01 Jul, 2022 06:13am
Pir Sabir Shah elected chairman of Senate body ISLAMABAD: Senate Standing Committee on Water Resources has elected Senator Pir Sabir Shah as its new Chairman, here... Published 01 Jul, 2022 06:13am
Cigarette makers launch illegal promotion campaigns ISLAMABAD: Local cigarette manufacturers have launched illegal cigarette promotion campaigns to encourage young... Published 01 Jul, 2022 06:13am
US wasn’t behind PTI govt’s ouster, Imran told ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) chairman and former prime minister Imran Khan on Thursday faced criticism... Published 01 Jul, 2022 06:13am
NUST organises ‘Dragon Boat Festival’ ISLAMABAD: China Study Centre at NUST arranged dragon boat festival not only for Pakistani and Chinese students but... Published 01 Jul, 2022 06:13am
The Weather KARACHI: The weather report on Thursday (June 30, 2022) and the forecast for Friday (July 01, 2022)... Published 01 Jul, 2022 06:13am
Stocks PSX snaps losing streak KARACHI: Pakistan Stock Exchange Thursday closed on strong positive note on the last day of the financial year... Published 01 Jul, 2022 06:13am
Country registers 641 Covid-19 cases in 24 hours ISLAMABAD: Pakistan has registered 641 Covid-19 cases in the past 24 hours which is the highest number since March... Published 01 Jul, 2022 06:13am
Punjab by-elections: CEC seeks Rangers deployment in 20 constituencies ISLAMABAD: Chief Election Commissioner Sikandar Sultan Raja has sent a missive to Interior Minister Rana Sanaullah... Published 01 Jul, 2022 06:13am
Zardari, Bilawal meet PM ISLAMABAD: Former President of Pakistan and Pakistan Peoples Party (PPP) Parliamentarian President Asif Ali Zardari... Published 01 Jul, 2022 06:13am
Dr Qibla Ayaz’s removal from BoG: IHC issues notices to federation, IIUI chancellor ISLAMABAD: The Islamabad High Court (IHC) issued notices to the federation and the chancellor of International... Published 01 Jul, 2022 06:13am
Hina Khar calls for easing sanctions on Afghanistan BERLIN: Minister of the State for Foreign Affairs Hina Rabbani Khar called for easing of Western sanctions against... Published 01 Jul, 2022 06:13am
Backlog of cases in SC reduced by 1,504 cases during June ISLAMABAD: The pendency/backlog of cases in the Supreme Court of Pakistan has reduced by 1,504 cases during the ... Published 01 Jul, 2022 06:13am
Ahsan blames Imran for prolonged power outages, rising inflation ISLAMABAD: Minister for Planning and Development Ahsan Iqbal on Thursday said that former prime minister Imran Khan... Published 01 Jul, 2022 06:13am
Recounting for election of Punjab CM today: PML-N finalises strategy for vital session LAHORE: The Pakistan Muslim League-Nawaz (PML-N) has finalised strategy on recount for the election of Punjab chief... Published 01 Jul, 2022 06:13am
COAS meets Qatar’s emir DOHA: Chief of Army Staff (COAS) General Qamar Javed Bajwa Thursday called on Emir of the State of Qatar His ... Published 01 Jul, 2022 06:13am
Parade Ground rally: ICT issues NOC to PTI ISLAMABAD: The Islamabad Capital Territory (ICT) administration has issued a no-objection certificate (NOC) to... Published 01 Jul, 2022 06:13am
5th session of Pak-Turkmen JMC: MEA convenes meeting to review implementation status on July 5 ISLAMABAD: The Ministry of Economic Affairs has convened an inter-ministerial meeting on July 5, 2022 for review of... Published 01 Jul, 2022 06:13am
Ministry’s rebuttal ISLAMABAD: Rebuttal to the article published in Business Recorder “National Hemp Policy approved, senate body... Published 01 Jul, 2022 06:13am
PARTLY FACETIOUS: A conspiracy is brewing… “I have it on good authority that a conspiracy is brewing.” “Against The Khan again! I mean…” ... Published 01 Jul, 2022 06:13am
Undermining Constitution: Imran may face treason charges, says Marriyum ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb on Thursday said former prime minister Imran... Published 01 Jul, 2022 06:13am
Overcoming economic woes Governments around the world try to fulfil the responsibility of creating an environment where the state generates... Published 01 Jul, 2022 06:13am
Reflections on G7 leaders’ summit 2022 G7 Leaders’ Summit 2022 was held recently in Germany, a little over a year later after the last such meetings were... Updated 01 Jul, 2022 06:42am
Saudi Arabia walks oil policy tightrope between Biden and Putin Saudi Arabia’s push for swifter oil production hikes by OPEC+, which were agreed in June, involved... Published 01 Jul, 2022 06:13am
Letters ‘Democracy didn’t work either’ This is apropos a Business Recorder op-ed ‘Democracy didn’t work either’ carried by the newspaper a week ago.... Published 01 Jul, 2022 06:13am
Stocks European shares suffer worst quarter since pandemic hit of early 2020 PARIS: European shares on Thursday marked their worst quarter since the pandemic-led selling of early 2020, as... Published 01 Jul, 2022 06:13am
Stocks Most Gulf indexes fall on fears of sharp economic slowdown DUBAI: Most stock markets in the Gulf ended lower on Thursday, as central banks’ aggressive rate-hike approach to... Published 01 Jul, 2022 06:13am
Stocks China stocks log best month in 2 years on recovery hopes SHANGHAI: China stocks marked their best month in nearly two years on Thursday, supported by signs of an economic... Published 01 Jul, 2022 06:13am
Stocks FTSE 100 posts first quarterly drop since September 2020 LONDON: London’s FTSE 100 fell on Thursday and recorded its first quarterly drop since September 2020, as concerns... Published 01 Jul, 2022 06:13am
Stocks Wall St slides, Dow set for worst first-half since 1962 NEW YORK: US stocks slipped on Thursday, setting the Dow up for its worst first six months since 1962, on concerns... Published 01 Jul, 2022 06:13am
Stocks Australian shares post worst month in over 2 years SYDNEY: Australian shares slumped on Thursday to wrap up their worst month since March 2020, as fears grew that... Published 01 Jul, 2022 06:13am
Stocks Japanese stocks drop 1.5pc as production data fans slowdown fears TOKYO: Japanese stocks dropped on Thursday, losing more than 1.5% after data showed that monthly industrial... Published 01 Jul, 2022 06:13am
Stocks NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL) KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on... Published 01 Jul, 2022 06:13am
Rates BOARD MEETINGS KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange.... Published 01 Jul, 2022 06:13am
Rates Dividend/Bonus Announcements KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.... Published 01 Jul, 2022 06:13am
Stocks Last date of renunciation/payment KARACHI: Last dates of renunciation/payment.... Published 01 Jul, 2022 06:13am
Rates Proposed right issues KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange.... Published 01 Jul, 2022 06:13am
Rates Clearing Schedule for T+2 System KARACHI: Pakistan Stock Exchange's Clearing Schedule for T+2 System.... Published 01 Jul, 2022 06:13am
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 Jul, 2022 06:13am
Rates EFU TAKAFUL CONSERVATIVE FUND RATES KARACHI: EFU Takaful Conservative Fund Rates on Thursday (June 30, 2022). ======================== OFFER PRICE... Published 01 Jul, 2022 06:13am
Rates EFU TAKAFUL AGGRESSIVE FUND RATES KARACHI: EFU Takaful Aggressive Fund Rates on Thursday (June 30, 2022). ======================== OFFER PRICE... Published 01 Jul, 2022 06:13am
Rates EFU TAKAFUL GROWTH FUND RATES KARACHI: EFU Takaful Growth Fund Rates on Thursday (June 30, 2022). ======================== OFFER PRICE... Published 01 Jul, 2022 06:13am
Rates EFU INCOME GROWTH FUND KARACHI: EFU Income Growth Fund Rates on Thursday (June 30, 2022). ======================== OFFER PRICE ... Published 01 Jul, 2022 06:13am
Rates EFU AGGRESSIVE FUND RATES KARACHI: EFU Aggressive Fund Rates on Thursday (June 30, 2022). ======================== OFFER PRICE 1,403.8913... Published 01 Jul, 2022 06:13am
Rates EFU GUARANTEED GROWTH FUND RATES KARACHI: EFU Guaranteed Growth Fund Rates on Thursday (June 30, 2022). ======================== OFFER PRICE... Published 01 Jul, 2022 06:13am
Rates EFU Aitemad Growth Fund Rates KARACHI: EFU Aitemad Growth Fund Rates on Thursday (June 30, 2022). ======================== OFFER PRICE... Published 01 Jul, 2022 06:13am
Rates EFU Capital Growth Fund Rates KARACHI: EFU Capital Growth Fund Rates on Thursday (June 30, 2022). ======================== OFFER PRICE... Published 01 Jul, 2022 06:13am
Rates EFU Pension Growth Fund Rates KARACHI: EFU Pension Growth Fund Rates on Thursday (June 30, 2022). ======================== OFFER PRICE... Published 01 Jul, 2022 06:13am
Rates EFU Managed Growth Fund Rates KARACHI: EFU Managed Growth Fund Rates on Thursday (June 30, 2022). ======================== OFFER PRICE... Published 01 Jul, 2022 06:13am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Thursday (June 30, 2022). ========================== KIBOR... Published 01 Jul, 2022 06:13am
Rates LIBOR interbank offered rates LONDON: London Interbank Offered Rates (LIBOR) on Thursday (June 30, 2022).... Published 01 Jul, 2022 06:13am
Rates KSE-100 Index sees largest decline after 8 quarters KARACHI: Pakistan’s benchmark KSE-100 Index witnessed largest decline after eight quarters where index was down by... Updated 01 Jul, 2022 11:15am
Energy SECMC unearths 11m tons of coal to generate power, saves $700m per annum KARACHI: Sindh Engro Coal Mines Company (SECMC), a partner of the provincial government, has unearthed 11 million... Updated 01 Jul, 2022 11:29am
Energy Canada sees Repsol LNG as fastest way to boost gas supply to Europe OTTAWA: Canada’s East Coast has only enough natural gas supply to accommodate one new liquefied natural gas (LNG)... Published 01 Jul, 2022 06:13am
Commodities Copper sees sharpest quarterly plunge since 2011 LONDON: Copper prices fell on Thursday to log their biggest quarterly slump since 2011 as COVID lockdowns in China... Published 01 Jul, 2022 06:13am
Energy Oil falls 2pc on uncertainty over future OPEC+ output NEW YORK: Oil prices sank over 2pc on Thursday as OPEC+ confirmed it would only increase output in August as much as... Published 01 Jul, 2022 06:13am
Commodities Japan rubber futures tumble SINGAPORE: Japanese rubber futures fell on Thursday, tracking losses in Thai raw material prices and Tokyo equities,... Published 01 Jul, 2022 06:13am
Commodities Palm clocks 22pc monthly plunge, worst in nearly 14 years KUALA LUMPUR: Malaysian palm oil futures on Thursday logged their biggest monthly drop since October 2008 pressured... Published 01 Jul, 2022 06:13am
Energy Italy moves to buy 4bn euros of gas to boost storage ROME: Italy’s government said on Thursday it was lending state-owned firm GSE 4 billion euros ($4.17 billion) to... Published 01 Jul, 2022 06:13am
Commodities Paris wheat hits 3-month low after USDA data PARIS: Euronext wheat fell to a new three-month low on Thursday after the US government increased its estimate of... Published 01 Jul, 2022 06:13am
Commodities Arabica coffee extends gains as stockpiles fall LONDON: Arabica coffee futures on ICE rose on Friday, extending a near 5% jump in the prior session, on worries over... Published 01 Jul, 2022 06:13am
Commodities Gold heads for quarterly fall on stronger dollar, hawkish cenbanks LONDON: Gold fell on Thursday and was bound for its worst quarter in five as a stronger dollar and hawkish rhetoric... Published 01 Jul, 2022 06:13am
Commodities US MIDDAY: Soybeans rebound CHICAGO: US soybean futures rebounded from early-session lows on Thursday after the Department of Agriculture (USDA)... Published 01 Jul, 2022 06:13am
Commodities US MIDDAY: Gold slips NEW YORK: Gold slipped on Thursday, heading for its worst quarter in five as a hawkish tone from global central ... Published 01 Jul, 2022 06:13am
Energy Texas proposes rules to ready natgas industry NEW YORK: The Texas Railroad Commission (RRC), which oversees the state’s oil and natural gas industries, approved... Published 01 Jul, 2022 06:13am
Commodities Asia Coffee: Vietnam domestic prices gain HANOI/BANDAR LAMPUNG: Domestic coffee prices in Vietnam inched higher this week due to tight supplies at the end of... Published 01 Jul, 2022 06:13am