News Archives for Print - 2022-11-10

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Print - 2022-11-10

Policies for economic justice & development: SDPI, FES hold consultative meeting

ISLAMABAD: Mirco Günther, Head of Friedrich Ebert Stiftung (Asia & Pacific), has said that think tanks can play...

Published 10 Nov, 2022 08:03am

PTI ‘long march’: Elahi orders foolproof security arrangements

LAHORE: Punjab Chief Minister Chaudhry Pervaiz Elahi presided over a meeting on Wednesday in which the security...

Published 10 Nov, 2022 07:59am

Allama Iqbal’s birth anniversary celebrated

LAHORE: Glowing tributes were paid to great philosopher and national poet, who with the vision of independent state...

Published 10 Nov, 2022 07:58am

MDCAT across Punjab on 13th

LAHORE: Necessary arrangements are being finalised to hold the Medical and Dental College Admission Test (MDCAT)...

Published 10 Nov, 2022 07:55am

AAG briefs SC on history of Reko Diq case

ISLAMABAD: The Additional Attorney General, Amir Rehman, informed the Supreme Court that after the Supreme Court’s...

Published 10 Nov, 2022 07:54am

LHC declares copy downloaded from court’s website uncertified

LAHORE: The Lahore High Court has passed a judgment declaring that a copy claimed to be downloaded from official...

Published 10 Nov, 2022 07:53am

Growers urged to bring maximum area under wheat cultivation

LAHORE: Secretary Agriculture Punjab Ahmad Aziz Tarar has called upon the growers to bring maximum area under wheat...

Published 10 Nov, 2022 07:49am

Work on CBD boulevard, remodelling of Kalma Chowk Underpass begins

LAHORE: Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District ...

Published 10 Nov, 2022 07:48am

Punjab govt to form JIT to investigate attack on Imran

LAHORE: The Punjab government has decided to constitute a joint investigation team (JIT) to investigate the...

Published 10 Nov, 2022 07:46am

PTI still blocking roads in twin cities

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI)’s workers continued their protests by blocking roads linking Islamabad...

Published 10 Nov, 2022 07:44am

MedAngle bags two awards

KARACHI: MedAngle won two awards at the P@SHA ICT Awards 2022 for Best Education Startup Award (Gold) and Merit...

Published 10 Nov, 2022 07:43am

Changes in NAO not promoting public good, Imran’s counsel tells SC

ISLAMABAD: The counsel of former prime minister Imran Khan contended that the amendment in the National...

Published 10 Nov, 2022 07:41am

COP-27 meeting fruitful for Pakistan, says Marriyum

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb on Wednesday said that Prime Minister ...

Published 10 Nov, 2022 07:39am

Industry

Germany blocks Chinese stake in two chipmakers

BERLIN: The German government on Wednesday blocked prospective Chinese investment in two domestic semiconductor...

Published 10 Nov, 2022 07:37am

Europe

Russia orders withdrawal from Ukrainian city of Kherson

KYIV: Russian Defence Minister Sergei Shoigu on Wednesday ordered his troops to withdraw from the west bank of the...

Published 10 Nov, 2022 07:31am

Companies

IBM launches its powerful quantum computer with 433 qubits

NEW YORK: International Business Machines Corp on Wednesday said it launched its most powerful quantum computer to...

Published 10 Nov, 2022 07:28am

Europe

UK nurses vote to strike over pay

LONDON: British nurses will strike over pay, the Royal College of Nursing said on Wednesday, announcing the first...

Published 10 Nov, 2022 07:21am

Middle East

Two Palestinians killed in separate incidents with Israeli forces

JERUSALEM: Two Palestinians died in separate incidents with Israeli security forces in the occupied West Bank on...

Published 10 Nov, 2022 07:18am

Facebook owner Meta to lay off 11,000 staff

PARIS: Facebook owner Meta will lay off more than 11,000 of its staff in “the most difficult changes we’ve made...

Published 10 Nov, 2022 07:13am

Industry

FWCCI president for more efforts to turn chamber into role model

FAISALABAD: “We have to work more to make FWCCI really a role model among women Chambers in Pakistan, this year ...

Published 10 Nov, 2022 07:10am

Industry

Turkmen envoy offers to help Pakistan meet its energy needs

ISLAMABAD: Atadjan Movlamov, Ambassador of Turkmenistan to Pakistan and Dean of Diplomatic Corps has said that...

Published 10 Nov, 2022 07:08am

Industry

Dun & Bradstreet says it now has 500m D-U-N-S Numbers in its database

KARACHI: The Dun & Bradstreet, a leading global provider of business data and analytics for decision-making, on...

Published 10 Nov, 2022 07:03am

World Bank agrees to provide Rs5,000 per acre subsidy to growers

KARACHI: Sindh Chief Minister Syed Murad Ali Shah in his meeting with the World Bank has decided to provide Rs5,000...

Published 10 Nov, 2022 07:01am

Hina meets US official in Sharm El-Sheikh

ISLAMABAD: Minister of State for Foreign Affairs Hina Rabbani Khar met Dafna H Rand, Director, Office of Foreign...

Published 10 Nov, 2022 06:56am

PTI to resume ‘march’ today from Wazirabad

LAHORE: The Pakistan Tehreek-e-Insaf (PTI) is all set to resume its ‘Haqeeqi Azadi march’ from Wazirabad today...

Published 10 Nov, 2022 06:54am

Bilawal arrives in Riyadh on two-day official visit

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari on Wednesday reached Riyadh for a two-day official visit to the...

Published 10 Nov, 2022 06:52am

Industry

Digital lenders disbursed Rs33bn loans during last fiscal, says analyst

ISLAMABAD: The new digital lending fintechs (non-banking finance companies) have disbursed cumulative loans worth...

Published 10 Nov, 2022 06:49am

IDEAS occupies centre stage in defence diplomacy, says DEPO chief

KARACHI: Pakistan’s International Defence Exhibition and Seminar (IDEAS) is a mega international event having a...

Published 10 Nov, 2022 06:48am

Commodities

Gold prices soar

KARACHI: Gold prices on Wednesday further soared on the local market, traders said. They hiked by Rs1200 to Rs153500...

Published 10 Nov, 2022 06:45am

Industry

PCAA assigns task of mega uplift projects to Nespak

LAHORE: In light of present policy of Government of Pakistan to expand its Aviation industry and to exploit the...

Published 10 Nov, 2022 06:43am

Recent spell of westerly winds pushes smog back to India

LAHORE: Recent spell of strong westerly winds pushed smog back to India, improving the air quality index by half...

Published 10 Nov, 2022 06:41am

Letters

The challenge of rising inflation

This is apropos a Business Recorder news item “Dar, SBP chief discuss fiscal, monetary steps” carried by the...

Published 10 Nov, 2022 06:37am

Britain, France look to reset frayed ties under new PM Sunak

After years of mutual incomprehension, public rows and even a brief naval stand-off in the Channel, UK-French...

Published 10 Nov, 2022 06:31am

Criticality of energy management

The current government has been able to secure one additional cargo from Qatar for December 2022 and January 2023 ...

Published 10 Nov, 2022 06:24am

Some questions for PTI walas

Is it just me or has someone else also noticed how the cowardly and condemnable attack on Imran Khan has shocked the...

Published 10 Nov, 2022 06:15am

Irresponsible and unacceptable statements

EDITORIAL: It seemed a rather unnecessary exercise when before Imran Khan addressed his first press conference from...

Published 10 Nov, 2022 06:11am

IMF ninth review

EDITORIAL: The starting date for negotiations on the ninth mandatory International Monetary Fund (IMF) review, a...

Published 10 Nov, 2022 06:07am

PARTLY FACETIOUS: The role of a rating agency

“I have opened a rating agency.” “Ah from a nobody to a somebody.” “Excuse me?” “Well as a rating...

Published 10 Nov, 2022 06:04am

Republican ‘red wave’ turns into a ripple, Georgia Senate headed to runoff

ALPHARETTA, (Ga./PHOENIX, Ariz): Republicans made modest gains in US midterm elections but Democrats performed ...

Published 10 Nov, 2022 06:02am

PM in London ahead of Bajwa’s retirement

This is PM Shehbaz’s third trip to London since he assumed office

Updated 10 Nov, 2022 09:18am

Economic crisis: AIIB to give us $500m to counter social fallout

ISLAMABAD: Pakistan will receive $500 million as co-financing for the BRACE development program from the Asian...

Updated 10 Nov, 2022 09:09am

Steps afoot to ink trade pacts with CARs

ISLAMABAD: Prime Minister has directed relevant Ministries to expedite signing and implementation of trade pacts...

Updated 10 Nov, 2022 09:12am

‘Assassination plot’: Imran Khan says he will ‘reveal’ name of ‘second officer’

LAHORE: Pakistan Tehreek-e-Insaf Chairman Imran Khan on Wednesday threatened to unveil the name of a second...

Updated 10 Nov, 2022 09:13am

SCBA for registration of FIR as per complainant’s version

ISLAMABAD: The Supreme Court Bar Association (SCBA), condemning the attack on former Prime Minister Imran Khan, said...

Updated 10 Nov, 2022 09:14am

World Bank to restructure $188m PHCSP

ISLAMABAD: The World Bank will restructure “Pakistan Hydromet and Climate Services Project (PHCSP)” worth about $188...

Updated 10 Nov, 2022 09:16am

SBP launches ‘ESRM manual’ for banks and DFIs

KARACHI: The State Bank of Pakistan (SBP) Wednesday launched Environmental & Social Risk Management (ESRM)...

Updated 10 Nov, 2022 09:08am

Environmental, social risks: Financial sector must become sensitive to consequences: SBP governor

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad Wednesday said Pakistan is one of the most vulnerable...

Updated 10 Nov, 2022 09:07am

Interest-free banking verdict: SBP, NBP to withdraw pleas: Dar

ISLAMABAD: Finance Minister Ishaq Dar has stated that the federal government has decided to withdraw the State Bank...

Updated 10 Nov, 2022 09:15am

Pakistan situation: Disagreements should be expressed peacefully: US

WASHINGTON: The United States of America has reacted to the ongoing tense situation in Pakistan where Pakistan...

Published 10 Nov, 2022 05:50am

EU considers tighter rules for commodity houses

LONDON: European Union policymakers are considering extending some of the tough rules applied to banks to commodity...

Published 10 Nov, 2022 05:50am

President approves elevation of three judges to SC

ISLAMABAD: President Dr Arif Alvi on Wednesday approved the appointment of three judges in the Supreme Court of...

Published 10 Nov, 2022 05:50am

Nirav Modi loses extradition appeal in UK court

LONDON: Fugitive Indian diamond tycoon Nirav Modi faces extradition to India to face charges of fraud and money...

Published 10 Nov, 2022 05:50am

SHPL-NTDCL dispute: Govt may engage international firm

ISLAMABAD: The Government is likely to engage an international firm to represent the government of Pakistan (GoP) at...

Published 10 Nov, 2022 05:50am

Iran cities strike in solidarity with ‘Bloody Friday’ dead

PARIS: Cities in western Iran went on strike Wednesday in solidarity with mourners marking 40 days since security...

Published 10 Nov, 2022 05:50am

Arbitration pact: Halmore urges govt not to refer ‘excess profit’ issue to tribunal

ISLAMABAD: M/s Halmore Power Generation Company Limited (HPGCL) has requested the federal government not to refer...

Updated 10 Nov, 2022 09:17am

Capital abuzz with new round of rumours

ISLAMABAD: The unprecedented decision not to issue a press release after the 253rd corps commanders meeting on 8...

Updated 10 Nov, 2022 09:04am

Withdrawal of plea against FSC’s decision: Religious parties welcome govt’s decision

ISLAMABAD: Major religious political parties including government ally, the Jamiat Ullema-e-Islam (JUI) and...

Published 10 Nov, 2022 05:50am

Stocks

Wall St falls as close race for Congress raises uncertainty

NEW YORK: US stock indexes fell on Wednesday as uncertainty around the outcome of a tightly contested midterm...

Published 10 Nov, 2022 05:50am

Stocks

European stocks snap three-day gains

BENGALURU: European shares snapped a three-day advance on Wednesday, weighed down by economically sensitive stocks,...

Published 10 Nov, 2022 05:50am

Money & Banking

Dollar edges higher

NEW YORK: The dollar advanced against several major currencies on Wednesday, as results so far for the midterm...

Published 10 Nov, 2022 05:50am

Commodities

London cocoa hits more than 2-1/2-year peak, sugar up

LONDON: London cocoa futures rose to the highest level in more than 2-1/2 years on Wednesday, boosted by a weaker...

Published 10 Nov, 2022 05:50am

Commodities

Gold near one-month peak with focus on US inflation data

NEW YORK: Gold steadied near a one-month peak on Wednesday, although prices were stuck in a tight range with gains...

Published 10 Nov, 2022 05:50am

Commodities

Rubber futures snap three-day rally

SINGAPORE: Japanese rubber futures snapped a three-session rally on Wednesday, hit by fading manufacturing optimism...

Published 10 Nov, 2022 05:50am

Energy

Tumbling gas prices fail to subdue energy bills

LONDON: European wholesale gas prices have fallen from record peaks reached after producer Russia’s invasion of...

Published 10 Nov, 2022 05:50am

Grains

EU wheat holds at 7-week low ahead of USDA data

PARIS: Euronext wheat edged lower on Wednesday to hold at a seven-week low, pressured by a fall in Chicago before...

Published 10 Nov, 2022 05:50am

Commodities

Copper hits two-month peak on Russia news, but falls back later

LONDON: Copper prices briefly surged on Wednesday to the highest in more than two months after Russia ordered a ...

Published 10 Nov, 2022 05:50am

Energy

Oil prices fall more than 2pc on US inventory build-up

NEW YORK: Oil prices dropped by about $2 a barrel on Wednesday after industry data showed that US crude stockpiles...

Published 10 Nov, 2022 05:50am

Money & Banking

Sterling softens versus dollar

LONDON: Sterling softened against the dollar on Wednesday after three days of gains, ahead of major US inflation ...

Published 10 Nov, 2022 05:50am

Commodities

Palm slumps about 4pc on higher Malaysian stocks

SINGAPORE: Malaysian palm oil dropped on Wednesday over expectations of a rise in stockpiles, with COVID-19...

Published 10 Nov, 2022 05:50am

Stocks

China, HK stocks fall

HONG KONG: China and Hong Kong stocks closed lower on Wednesday, as producer prices’ fall for the first time since...

Published 10 Nov, 2022 05:50am

The Weather

KARACHI: The weather report on Wednesday (November 09, 2022) and the forecast for Thursday (November 10, 2022)...

Published 10 Nov, 2022 05:50am

South Asia has highest share of private institutions in total enrollment: report

LAHORE: Director for Global Education Monitoring (GEM), UNESCO, Dr Manos Antoninis said on Wednesday that South Asia...

Published 10 Nov, 2022 05:50am

Industry

PFMA wants ban on movement of flour, other products lifted

LAHORE: The flour millers have reacted sharply to unannounced restrictions on inter-provinces and inter-districts...

Published 10 Nov, 2022 05:50am

Imran’s counsel tells SC: Changes in NAO 1999 not promoting public good

ISLAMABAD: The counsel of former prime minister Imran Khan has contended that amendment in the National...

Published 10 Nov, 2022 05:50am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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