News Archives for Print - 2022-11-07

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Print - 2022-11-07

AJK President reviews resettlement of dwellers living near Mangla Dam

MIRPUR: President Azad Jammu and Kashmir (AJK) Barrister Sultan Mehmood Chaudhry presided over a meeting to review...

Published 07 Nov, 2022 08:08am

CM approves ‘Lahore Elevated Expressway’ project

LAHORE: Punjab Chief Minister Chaudhry Parvez Elahi approved on Sunday the Lahore Elevated Expressway project and...

Published 07 Nov, 2022 08:06am

Sibi-Harnai railway track to be completed by Jan: officials

ISLAMABAD: Pakistan Railways is likely to complete reconstruction and rehabilitation work on the strategic...

Published 07 Nov, 2022 08:05am

Need for increasing per acre wheat productivity underlined

FAISALABAD: University of Agriculture Faisalabad (UAF) Vice Chancellor Prof Dr Iqrar Ahmad Khan said the country...

Published 07 Nov, 2022 08:04am

Training workshop for CBO members held

PESHAWAR: A two-day capacity-building training workshop for members of Community Based Organizations (CBOs) from the...

Published 07 Nov, 2022 08:03am

Admission to SU: 11,580 candidates take entrance test

HYDERABAD: The second phase of the pre-entry test for admission to more than 70 different bachelor degree programs...

Published 07 Nov, 2022 07:59am

Protest against rising street crimes held in Karachi

KARACHI: Youths of Karachi are now fed up with the growing lawlessness in the megacity and they would put a strong...

Published 07 Nov, 2022 07:57am

Grand conference of ophthalmologists held

KARACHI: The main purpose of this grand discourse was to acquaint local doctors with fast changing advancements in...

Published 07 Nov, 2022 07:56am

Sindh govt urged to include SU on route of PBS

HYDERABAD: The University of Sindh administration has appealed to the government of Sindh to provide the best travel...

Published 07 Nov, 2022 07:55am

Sindh govt to run tests for Karachi’s first electric buses

KARACHI: In a move aimed at improving the environment of the city where vehicular emissions contribute to its poor...

Published 07 Nov, 2022 07:54am

Turkiye inks MoU with SAU

HYDERABAD: Free wheat seeds will be distributed among the small farmers of 7 districts of Sindh, an MoU was signed...

Published 07 Nov, 2022 07:52am

Escape from Foxconn: Workers recount Covid chaos at iPhone factory

BEIJING: Zhang Yao recalls the moment he realised something had gone deeply wrong at the Chinese mega-factory where...

Published 07 Nov, 2022 07:50am

Energy

Experts for accelerating large-scale RE procurements

KARACHI: Accelerating large scale Renewable Energy (RE) procurement sto avoid expected electricity crises in the...

Published 07 Nov, 2022 07:48am

In call to Palestinian leader, US again backs two-state solution

WASHINGTON: US Secretary of State Anthony Blinken reaffirmed Washington’s commitment to a two-state solution to ...

Published 07 Nov, 2022 07:44am

French minister says will not pay for Twitter’s blue checkmark

PARIS: French minister and government spokesman Olivier Veran said on Sunday that he would not pay Twitter’s $7.99...

Published 07 Nov, 2022 07:38am

Climate change is speeding up, warns major UN report

SHARM EL SHEIKH, (Egypt): Each of the last eight years, if projections for 2022 hold, will be hotter than any year...

Published 07 Nov, 2022 07:37am

Industry

BMP for early establishment of PKR-RMB clearing arrangement

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has called for...

Published 07 Nov, 2022 07:34am

Energy

Customer care: Fesco chairman highlights importance of consumers

FAISALABAD: Chairman Faisalabad Electric Supply Company (FESCO) Board of Directors (BODs) Malik Muhammad Tahsin Alvi...

Published 07 Nov, 2022 07:32am

Industry

Export-oriented sectors: MCCI demands return of zero-rated ST regime

MULTAN: President of Multan Chamber of Commerce and Industry (MCCI) Mian Rashid Iqbal Sunday demanded the ...

Published 07 Nov, 2022 07:31am

Twitter starts rolling out new paid subscription

SAN FRANCISCO: Twitter began rolling out a controversial new paid subscription system on Saturday that the social...

Published 07 Nov, 2022 07:28am

Companies

Philip Morris wins Elliott backing for $15.7bn Swedish Match takeover

NEW YORK: Activist investor Elliott Management Corp has decided to back Philip Morris International’s (PMI) $15.7...

Published 07 Nov, 2022 07:24am

Companies

Red Bull names trio to run firm after founder’s death

VIENNA: Red Bull named on Friday a board of three directors to lead the energy drink giant following the death of...

Published 07 Nov, 2022 07:22am

Companies

Starbucks reports record sales but lower profits on weak China

NEW YORK: Starbucks reported record quarterly revenues Thursday behind a strong US performance, but weak China...

Published 07 Nov, 2022 07:13am

Companies

BMW sees profits jump on higher prices for luxury cars

FRANKFURT: German automaker BMW reported Thursday a 23-percent increase in third-quarter profit thanks to robust...

Published 07 Nov, 2022 07:08am

Vietnam central bank willing to liquidity to banking system

HANOI: Vietnam’s central bank is willing to provide liquidity to the local banking system, Governor Nguyen Thi ...

Published 07 Nov, 2022 07:06am

Companies

Fate of management at Japan’s Toshiba a cause of friction for bidders and banks

TOKYO: Disagreement over whether to keep Toshiba Corp’s management following a potential buyout caused friction...

Published 07 Nov, 2022 07:01am

Hungary plans to change central bank law to ease budget burden

BUDAPEST: Hungary’s government will have five years instead of the current eight days to reimburse the National...

Published 07 Nov, 2022 07:00am

Canada’s share buyback tax could backfire, energy sector warns

TORONTO: Canada’s proposal to tax corporate stock buybacks is unlikely to deter oil and gas companies from...

Published 07 Nov, 2022 06:58am

China Evergrande says its interests in land in Hong Kong sold for $637m

BEIJING: China Evergrande Group said on Sunday its interests in a plot of undeveloped land for residential...

Published 07 Nov, 2022 06:54am

Govt to set up pavilion at venue of London expo

ISLAMABAD: Managing Director (MD) Pakistan Tourism Development Corporation (PTDC) Aftab-ur-Rehman Rana has said that...

Published 07 Nov, 2022 06:51am

Commodities

Mixed trend witnessed in prices of essential food items

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

Published 07 Nov, 2022 06:51am

Industry

Rast Programme: Small factory owners concerned at waiver of guarantee

PESHAWAR: Small factory owners expressed grave concern over waiving of the Finance Department’s guarantee for Rast...

Published 07 Nov, 2022 06:44am

Cotton & Textile

Weekly Cotton Review: Spot rate increases as bullish trend prevails

KARACHI: Bullish trend prevailed in local cotton market under the influence of international cotton market. A...

Published 07 Nov, 2022 06:39am

Europe

Serb policemen quit jobs in anti-Kosovo protest

NORTH MITROVICA, (Kosovo): Kosovo Serb policemen who work in the Jarinje and Brnjak border posts in the north of the...

Published 07 Nov, 2022 06:38am

Companies

BP quarterly profit surges on high energy prices

LONDON: BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices after key...

Published 07 Nov, 2022 06:34am

Companies

ING profit drops, sees tough ‘geopolitical’ climate

THE HAGUE: Dutch banking giant ING reported a sharp drop in third-quarter profit on Thursday as it took a hit from...

Published 07 Nov, 2022 06:31am

Layoffs hit Silicon Valley as Amazon freezes hiring

SAN FRANCISCO: Payments firm Stripe and rideshare company Lyft, two darlings of Silicon Valley, announced major...

Published 07 Nov, 2022 06:29am

Govt offers 80 fully funded scholarships to Syrian students

ISLAMABAD: Federal Minister for Education and Professional Training Rana Tanveer Hussain has offered 80 fully funded...

Published 07 Nov, 2022 06:26am

ANF seizes over 94kg of narcotics

RAWALPINDI: Anti-Narcotics Force (ANF) has seized over 94 kg of narcotics in 10 operations conducted in different...

Published 07 Nov, 2022 06:25am

Industry

Sarhad chamber signs MoU with MCCIMA

PESHAWAR: An endeavour to further strengthen the bilateral trade and economic relations between Pakistan and Iran,...

Published 07 Nov, 2022 06:24am

Industry

PCMEA worried over ban on third-party shipments

LAHORE: Pakistan Carpet Manufacturers and Exporters Association (PCMEA) have urged the State Bank of Pakistan to...

Published 07 Nov, 2022 06:24am

Energy

Faizullah notified as chairman of PESCO board

PESHAWAR: Ministry of Energy (Power Division) has notified Faizullah Khan, an independent director as new Chairman ...

Published 07 Nov, 2022 06:24am

Naveed Qamar elected president of PGA

ISLAMABAD: Federal Minister for Commerce and Investments Syed Naveed Qamar on Sunday elected as the President of...

Published 07 Nov, 2022 06:17am

Biden, Trump headline duelling rallies in final midterms push

WASHINGTON: President Joe Biden and former President Donald Trump will headline rallies in New York and Florida,...

Published 07 Nov, 2022 05:49am

Plane crashes into Lake Victoria in Tanzania, 19 dead

DAR ES SALAAM: At least 19 people died when a passenger plane crashed into Lake Victoria in Tanzania on Sunday while...

Published 07 Nov, 2022 05:49am

Iran tests satellite-carrying rocket

DUBAI: Iran’s Revolutionary Guards tested a new satellite-carrying rocket on Saturday, state media reported, a ...

Published 07 Nov, 2022 05:49am

President, PM rejoice at cricket team’s win

ISLAMABAD: President Dr Arif Alvi and Prime Minister Muhammad Shehbaz Sharif on Sunday appreciated Pakistan Cricket...

Updated 07 Nov, 2022 06:09am

India set up mouthwatering T20 World Cup semi-final against England

MELBOURNE: India will face England and New Zealand play Pakistan in the semi-finals as a Twenty20 World Cup full of...

Published 07 Nov, 2022 05:49am

Gabriel sends Arsenal top as Chelsea crash again

LONDON: Mikel Arteta hailed Arsenal’s gritty 1-0 win against Chelsea as a significant step in their Premier League...

Published 07 Nov, 2022 05:49am

Hacking gang targeted Qatar World Cup critics

LONDON: An India-based computer hacking gang targeted critics of the Qatar World Cup, an investigation by British...

Published 07 Nov, 2022 05:49am

Cricketer Sidra Amin on a journey to score big

LAHORE: Lahore-born Sidra Amin has had a phenomenal 2022, as she scored three centuries from 49 ODIs and all...

Published 07 Nov, 2022 05:49am

University of Lahore wins inter-varsity table tennis championship for girls

HYDERABAD: Team of the University of Lahore has won the All-Pakistan Inter-University Table Tennis Girls ...

Published 07 Nov, 2022 05:49am

Teenager Rune upsets Djokovic to win Paris Masters

PARIS: Danish teenager Holger Rune shocked six-time champion Novak Djokovic to clinch his first Masters title in...

Published 07 Nov, 2022 05:49am

Man Utd given reality check as Villa begin Emery era in style

BIRMINGHAM: Erik ten Hag labelled Manchester United’s 3-1 defeat to Aston Villa as “unacceptable” as Unai ...

Published 07 Nov, 2022 05:49am

Rates

PSX witnesses positive trend

KARACHI: Pakistan Stock Exchange witnessed positive trend during the outgoing week ended on November 04, 2022 due to...

Published 07 Nov, 2022 05:49am

Rates

Futures spread surges 318bps

KARACHI: The futures spread increased by 318bps to 14.05 percent on the last day of the outgoing week. Trading...

Published 07 Nov, 2022 05:49am

4 Iranian police officers killed in Sistan-Baluchistan

TEHRAN: Four Iranian police officers and one “terrorist” have been killed in separate incidents in the...

Published 07 Nov, 2022 05:49am

PM arrives in Egypt

SHARM EL-SHEIKH: Prime Minister Shehbaz Sharif on Sunday arrived here in Egypt to participate in the “Sharm...

Published 07 Nov, 2022 05:49am

DSP, SHOs martyred by dacoits in Ghotki

GHOTKI: A party of dacoits launched an attack on a police camp in Kuchha area of Ronti in Ghotki in which five ...

Published 07 Nov, 2022 05:49am

Rates

PKR remains largely stable

KARACHI: The rupee remained largely stable during the previous week, appreciating 0.25% even as the US dollar...

Published 07 Nov, 2022 05:49am

Bilawal condemns attack on policemen

KARACHI: Chairman Pakistan People’s Party (PPP) and Foreign Minister Bilawal Bhutto Zardari has strongly ...

Published 07 Nov, 2022 05:49am

JI gives ultimatum on encroachments upon park

KARACHI: Jamaat-e-Islami (JI) Karachi chapter chief Engr Hafiz Naeemur Rehman has announced to expand the scope of...

Published 07 Nov, 2022 05:49am

Kaira asks world community to take cognisance of genocide in IIOJK

ISLAMABAD: Adviser to Prime Minister on Kashmir and Gilgit Baltistan Affairs Qamar-u-Zaman Kaira has said that India...

Published 07 Nov, 2022 05:49am

PTI’s ‘long march’ cannot be revived now: Fazl

ISLAMABAD: Terming assassination bid on Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan a “drama”, the chief...

Published 07 Nov, 2022 05:49am

Mir Balakh Sher Mazari laid to rest

RAJANPUR: Funeral prayer of the former premier Mir Balakh Sher Mazari was offered at Mazari Stadium in Rojhan...

Published 07 Nov, 2022 05:49am

Judicial commission should also probe killing of Arshad, Swati’s issue: Fawad

LAHORE: Senior leader of Pakistan Tehreek-e-Insaf (PTI) Fawad Chaudhry has demanded the proposed judicial commission...

Published 07 Nov, 2022 05:49am

Sanjrani forms body to probe Swati ‘video leak’

ISLAMABAD: The chairman Senate Sadiq Sanjrani on Sunday formed a 14-member special committee to probe into the...

Published 07 Nov, 2022 05:49am

PTI’s ‘long march’: Islamabad police seek help of Sindh police, FC

ISLAMABAD: The Islamabad Police on Sunday once again summoned Sindh police and Frontier Crops (FC) to assist it in...

Published 07 Nov, 2022 05:49am

ATP chief calls for unified efforts to bring about political, economic stability

PESHAWAR: Chairman, Amun Taraqqi Party (ATP) has called for bringing political and economic stability and urging all...

Published 07 Nov, 2022 05:49am

Balochistan govt urges IK to stop blame game against institutions

ISLAMABAD: Balochistan Government’s spokesperson Farah Azeem Shah, while condemning the attack on Imran Khan,...

Updated 07 Nov, 2022 06:13am

New survey to be launched to expand BISP: SAPM

D I KHAN: Special Assistant to the Prime Minister on Poverty Alleviation and Social Protection Faisal Karim Khan...

Published 07 Nov, 2022 05:49am

Industry

Pakistani products attract large number of customers at 5th CIIE in Shanghai

BEIJING: Pakistani products like jewellery, salt lamps, blankets and marble have attracted a large number of...

Published 07 Nov, 2022 05:49am

Energy

356 mini/micro hydropower plants in KP: AGP detects flaws that led to failure in achieving project’s objectives

PESHAWAR: The Auditor General of Pakistan (AGP) has pinpointed shortcomings that led to failure to achieve ...

Published 07 Nov, 2022 05:49am

‘Charter of Rights’: MQM-P leaders to meet Bilawal, Zardari

KARACHI: Muttahida Qoumi Movement (MQM-P) leadership has decided to meet with Pakistan Peoples’ Party (PPP) Chief...

Published 07 Nov, 2022 05:49am

Snowfall continues for second day in Naran

KAGHAN: Snowfall continues intermittently for a second consecutive at many places in Kaghan Valley on Sunday. ...

Published 07 Nov, 2022 05:49am

PML-N leader arrested for threatening to kill Imran

HAFIZABAD: Punjab police on Sunday arrested Pakistan Muslim League-Nawaz (PML-N) leader Rai Qamar, who threatened to...

Published 07 Nov, 2022 05:49am

Farmers advised to cultivate wheat in arid areas

MULTAN: The Punjab Agriculture Department, just before the start of wheat cultivation, has urged farmers to ...

Published 07 Nov, 2022 05:49am

Italian hospital, Child Life sign MoU

KARACHI: MoU signed between Istituto Giannina Gaslini, Italy and Child Life Foundation. The Consulate of Italy, the...

Published 07 Nov, 2022 05:49am

The cost of political uncertainty

The failed attempt on the life of former prime minister Imran Khan has raised temperatures throughout the country...

Published 07 Nov, 2022 05:49am

Real austerity: need of the hour

The policy of controlled imports is working as monthly import bill is down to $5 billion (on average) over the last...

Published 07 Nov, 2022 05:49am

By taking Twitter private, Musk makes daring bet

Elon Musk’s decision to pull Twitter off the stock market allows him to make major changes quickly, but it also...

Published 07 Nov, 2022 05:49am

Letters

PM’s China visit

This is apropos a Business Recorder op-ed “PM’s China visit: main takeaways” carried by the newspaper on...

Published 07 Nov, 2022 05:49am

Stocks

European shares rally

LONDON: European stocks rallied on Friday after US jobs data backed bets the Federal Reserve would deliver smaller...

Published 07 Nov, 2022 05:49am

Stocks

Wall Street rallies to close out soft week after jobs report

NEW YORK: US stocks closed higher on Friday in volatile trade to snap a four-session losing streak as investors...

Published 07 Nov, 2022 05:49am

Stocks

Wall Street Week Ahead: Inflation data, midterm elections loom for struggling US stock rally

NEW YORK: A sputtering US stock rally faces a double-dose of potentially market moving events next week: US midterm...

Published 07 Nov, 2022 05:49am

Stocks

Yields mixed as soft spots in jobs data spur Fed pivot hopes

NEW YORK: Treasury yields were mixed on Friday after government data showed US payrolls increasing more than ...

Published 07 Nov, 2022 05:49am

Stocks

Tokyo stocks close lower with eyes on US jobs data

TOKYO: Tokyo stocks closed lower on Friday, with investors disheartened by falls on Wall Street and focus shifting ...

Published 07 Nov, 2022 05:49am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (October 31 to...

Published 07 Nov, 2022 05:49am

The Weather

KARACHI: The weather report on Sunday (November 06, 2022) and the forecast for Monday (November 07, 2022)....

Published 07 Nov, 2022 05:49am

Agri package, concessional electricity: IMF irked by govt steps

Discussions on Ninth Review scheduled to start soon

Updated 07 Nov, 2022 10:24am

Different sectors: UK businessmen show interest

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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