News Archives for Print - 2023-01-07

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Print - 2023-01-07

Pakistan closes to bankruptcy, claims Mussarat

LAHORE: Pakistan is on the verge of bankruptcy and no international body considers Ishaq Dar reliable and also not...

Published 07 Jan, 2023 07:53am

President hopes Int’l Conference will help Pakistan become climate-resilient country

ISLAMABAD: President Dr Arif Alvi has expressed hope that the International Conference on Climate Resilient Pakistan...

Published 07 Jan, 2023 07:51am

Persons with physical and mental disabilities: President for creating enabling environment

ISLAMABAD: President Dr Arif Alvi has reemphasized the need for making accelerated nationwide efforts to create an...

Published 07 Jan, 2023 07:49am

Punjab govt wants judicial commission to probe attack on Imran

LAHORE: The Punjab government has demanded of the Supreme Court to take notice of the murderous attack on Chairman...

Published 07 Jan, 2023 07:47am

NZ, Pakistan share honours after drawn Karachi thriller

KARACHI: Pakistan wicketkeeper-batsman Sarfaraz Ahmed’s counter-attacking hundred foiled New Zealand’s bid for a...

Published 07 Jan, 2023 07:44am

Rs69.8bn free treatment facility extended thru health cards

LAHORE: Over three million people in Punjab have received free treatment facility worth about Rs69.8 billion through...

Published 07 Jan, 2023 07:44am

Sufficient wheat stock available in Punjab: minister

LAHORE: Punjab Food Minister Hasnain Bahadur Dareshak has claimed that there was no shortage of wheat in Punjab as...

Published 07 Jan, 2023 07:43am

Tareen, Sarwar consulting formation of new political party

LAHORE: Former Punjab Governor Chaudhry Mohammad Sarwar and former Pakistan Tehreek-e-Insaf (PTI) leader Jahangir...

Updated 07 Jan, 2023 11:15pm

Industry

PTA highlights problems being faced by tanners

KARACHI: Chairman, Pakistan Tanners Association (PTA), M Mehr Ali has appealed to the Prime Minister of Pakistan,...

Published 07 Jan, 2023 07:33am

Companies

Wells Fargo sacks India executive for urinating on plane passenger

NEW DELHI: US banking giant Wells Fargo on Friday sacked a top Indian executive now being pursued by police for...

Published 07 Jan, 2023 07:31am

Taliban official criticises Prince Harry over Afghan killings

KABUL: A senior Taliban official on Friday slammed Prince Harry after the royal disclosed he killed 25 people on...

Published 07 Jan, 2023 07:16am

Shooting during filming of rapper video leaves 10 hurt in Miami

MIAMI: At least 10 people were injured in a shooting outside Miami during the filming of a music video by...

Published 07 Jan, 2023 07:11am

Companies

PCAA signs agreement with NESPAK to construct 35-storey high-rise

LAHORE: Pakistan Civil Aviation Authority (PCAA) has engaged the services of NESPAK, the renowned Consultants of...

Published 07 Jan, 2023 07:03am

Companies

ICI Pakistan becomes LCI

KARACHI: The security name of ICI Pakistan Limited has been changed as Lucky Core Industries Limited. The National...

Published 07 Jan, 2023 06:57am

Thousands take to the streets in Wana against rising incidents of terrorism

WANA: Thousands of people in South Waziristan’s Wana took to the streets on Friday against the recent wave of...

Published 07 Jan, 2023 06:55am

Russian hackers targeted US nuclear scientists

LONDON/ WASHINGTON: A Russian hacking team known as Cold River targeted three nuclear research laboratories in the...

Published 07 Jan, 2023 06:44am

FTO asks FBR to withdraw notices against deceased taxpayer

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to withdraw notices of...

Updated 07 Jan, 2023 11:10am

Fake transactions: FBR illegally takes action against salaried individual

ISLAMABAD: The Federal Board of Revenue (FBR) has illegally taken action against a salaried individual, whose tax...

Published 07 Jan, 2023 06:35am

ECP summons IK on 11th

ISLAMABAD: Despite orders by the Lahore High Court (LHC) which barred the Election Commission of Pakistan (ECP) from...

Published 07 Jan, 2023 06:30am

NADRA to carry out biometric verification of vehicle owners in Sindh

KARACHI: NADRA will conduct biometric verification of vehicle owners across Sindh through its ‘Sahulat Program’...

Published 07 Jan, 2023 06:00am

NDMA issues weather advisory

ISLAMABAD: The National Disaster Management Authority (NDMA), Friday, while issuing a detailed weather advisory to...

Published 07 Jan, 2023 06:00am

Rs 302/40kg fixed as minimum sugarcane price by Sindh govt

KARACHI: Sindh cabinet has fixed Rs302 per 40kg of sugarcane as the minimum price for crop 2022-2023 and approved...

Published 07 Jan, 2023 06:00am

Bank Alfalah disburses Rs308m to flood-hit communities

KARACHI: Bank Alfalah, one of the largest commercial banks in Pakistan, with the purpose of empowering people so ...

Published 07 Jan, 2023 06:00am

CEC tells MQM-P: LG elections in Karachi, Hyderabad won’t be delayed

ISLAMABAD: Chief Election Commissioner (CEC) Sikandar Sultan Raja on Friday made it crystal clear to Muttahida Qaumi...

Published 07 Jan, 2023 06:00am

Hensoldt plans defence deals with Gulf states

BERLIN: German defence supplier Hensoldt has applied to the government for clearance for a number of politically...

Published 07 Jan, 2023 06:00am

Marriyum inaugurates PTV virtual studio

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb, Friday, said the largest virtual studio of...

Published 07 Jan, 2023 06:00am

Provocative Al-Aqsa visit by Israeli minister condemned

ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari and his Iranian counterpart Hossein Amir-Abdollahian exchanged...

Published 07 Jan, 2023 06:00am

Sedition case: Court defers indictment of Shahbaz Gill till 20th

ISLAMABAD: A local court, on Friday, deferred the indictment of Pakistan Tehreek-e-Insaf (PTI) leader Shahbaz Gill ...

Published 07 Jan, 2023 06:00am

Amendments to NAO: SC to resume hearing on 10th

ISLAMABAD: The Supreme Court to resume hearing on former prime minister Imran Khan’s petition against the...

Published 07 Jan, 2023 06:00am

Mistrust between PTI, PML-Q may end ‘marriage of convenience’

LAHORE: Mistrust between the Pakistan Tehreek-e-Insaf (PTI) and the Pakistan Muslim League-Q (PMLQ) may lead to an...

Published 07 Jan, 2023 06:00am

A sad tale indeed – II

A The political and economic events unfolding in Pakistan since April 2022 amidst an opportunistic power struggle...

Published 07 Jan, 2023 06:00am

How to deal with Pakistan’s forthcoming currency crisis

“There are no solutions. There are only trade-offs.” ? Thomas Sowell Nomura has warned that Pakistan faces currency...

Published 07 Jan, 2023 06:00am

Renault considers making mass-market EVs in India

Renault is considering building a mass-market electric vehicle in India, two people with knowledge of the ongoing...

Published 07 Jan, 2023 06:00am

Lofty US home prices persist despite interest rate hikes

Higher borrowing costs are leading to fewer US home sales, but prices are staying elevated in a holdover from the...

Published 07 Jan, 2023 06:00am

Letters

‘Terrorism hydra, again’

This is apropos a Business Recorder op-ed “Terrorism hydra, again” carried by the newspaper on Tuesday. The...

Published 07 Jan, 2023 06:00am

PARTLY FACETIOUS: The challenge of dissenting interpretations

“I am so tired of hearing wildly dissenting interpretations.” “Well as you know religious fundamentalists do...

Published 07 Jan, 2023 06:00am

PAC recovers Rs825bn during PTI’s govt

ISLAMABAD: National Assembly’s Public Accounts Committee (PAC) recovered Rs825 billion since December 2018 during...

Published 07 Jan, 2023 06:00am

NAB receives 7,000 complaints against ‘corrupt elements’ in 2022

LAHORE: The National Accountability Bureau (NAB) received over 7,000 complaints against corrupt elements out of ...

Published 07 Jan, 2023 06:00am

NA panels asks MoI to hand over Fata House to KP govt

ISLAMABAD: January 6, 2023: A National Assembly panel, on Friday, asked the Ministry of Interior to vacate the FATA...

Published 07 Jan, 2023 06:00am

‘Rubberstamp’ mayor not acceptable, says Altaf Shakoor

KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor here Friday said that the local government elections ...

Published 07 Jan, 2023 06:00am

F’abad DC takes briefing about performance of FDA

FAISALABAD: Deputy Commissioner Imran Hamid Sheikh visited Faisalabad Development Authority (FDA) complex and took...

Published 07 Jan, 2023 06:00am

CM bound to take vote of confidence: Governor

LAHORE: Punjab Governor Muhammad Baligh-ur-Rehman said on Friday that the Punjab Chief Minister will have to take...

Published 07 Jan, 2023 06:00am

The Weather

KARACHI: The weather report on Friday (January 06, 2023) and the forecast for Saturday (January 07, 2023)...

Published 07 Jan, 2023 06:00am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (January 06, 2023)....

Published 07 Jan, 2023 06:00am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on Friday...

Published 07 Jan, 2023 06:00am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (January 06, 2023). ==================================== BR...

Published 07 Jan, 2023 06:00am

Rates

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 07 Jan, 2023 06:00am

Rates

Board meetings in progress

KARACHI: Board Meetings in Progress of Companies listed on the Pakistan Stock Exchange....

Published 07 Jan, 2023 06:00am

Rates

Dividend/Bonus Announcements

KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange....

Published 07 Jan, 2023 06:00am

Stocks

Last date of renunciation/payment

KARACHI: Last dates of renunciation/payment....

Published 07 Jan, 2023 06:00am

Rates

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 07 Jan, 2023 06:00am

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 07 Jan, 2023 06:00am

World food prices hit record high in 2022

Food prices surged after Russia’s invasion of Ukraine in February last year on fears of disruptions to Black Sea trade

Updated 07 Jan, 2023 08:55am

IMF team due in a couple of days, says PM: Businesspeople urged to support govt’s energy plan

IMF MD wanted to know as to what is the position of Pakistan-friendly countries, China, and Saudi Arabia, and was informed by the premier that they are standing with Pakistan

Updated 07 Jan, 2023 08:50am

Economic challenges: Dar has failed to provide any roadmap: Tarin

ISLAMABAD: Finance Minister Ishaq Dar’s press conference on 4th January 2023 is an attempt to divert attention away...

Updated 07 Jan, 2023 08:47am

Pakistan: Weekly SPI sharply up 1.09pc

ISLAMABAD: The Sensitive Price Indicator (SPI) witnessed a sharp increase of 1.09 percent ended on January 5, 2023...

Updated 07 Jan, 2023 08:50am

Rates

PSX remains bullish

KARACHI: Pakistan Stock Exchange on Friday witnessed bullish trend on the back of healthy buying mainly in E&P...

Published 07 Jan, 2023 06:00am

Polyester, other goods: DGCV Karachi revises import values upward

ISLAMABAD: Directorate General Customs Valuation Karachi has revised upward customs values on the import of...

Updated 07 Jan, 2023 08:51am

Pakistan fully committed to IMF programme: PM

ISLAMABAD: Managing Director of the International Monetary Fund Kristalina Georgieva on Friday called Prime Minister...

Updated 07 Jan, 2023 08:52am

Pace of domestic debt accumulation accelerates

Recent increase in debt burden emanated from higher fiscal and current account deficit

Updated 07 Jan, 2023 04:28pm

Imran accuses establishment of abandoning neutrality

LAHORE: Former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Friday alleged that the...

Updated 07 Jan, 2023 08:49am

Challenge of terrorism: PM for enhanced institutional coordination

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday emphasised the enhanced coordination among the federal and...

Updated 07 Jan, 2023 08:49am

Economy: EAG underscores need for reforms

ISLAMABAD: The Economic Advisory Group (EAG) has called for necessary reforms to transform Pakistan into a globally...

Updated 07 Jan, 2023 08:48am

Insurance industry: SECP chief for improving service standards

KARACHI: The Chairman Securities and Exchange Commission of Pakistan (SECP) Akif Saeed emphasized upon improving the...

Updated 07 Jan, 2023 08:48am

‘Strict’ import policy: PIAF says SBP’s decision not implemented

LAHORE: The Pakistan Industrial and Traders Associations Front (PIAF) has stated that the government’s strict...

Published 07 Jan, 2023 06:00am

On energy conservation

EDITORIAL: The country needs to vigorously pursue the objective of energy conservation; there are no two ways about...

Published 07 Jan, 2023 06:00am

Crunch time for violent extremists

EDITORIAL: Talks with the TTP terrorists having reached logical conclusion –- failure — the fight against ...

Published 07 Jan, 2023 06:00am

Industry

APTMA delegation meets Chief Commissioner-IR

KARACHI: A meeting of members of APTMA led by Asif Inam was held with Shahid Iqbal Baloch, Chief Commissioner Inland...

Published 07 Jan, 2023 06:00am

Need stressed to further improve Pak-Turkey trade

KARACHI: Commercial Attaché of the Republic of Turkey Eyyup Yildirim has said that several Turkish companies have...

Published 07 Jan, 2023 06:00am

National Foods to be biggest attraction at KEF

KARACHI: Karachi Eat Festival (KEF) is back again, celebrating the 10th Eat Festival anniversary. Present at the...

Published 07 Jan, 2023 06:00am

Companies

Martin Dow Group wins 2 GDEIB awards

KARACHI: Martin Dow Group has received Global Diversity, Equity & Inclusion (DEI) Benchmark Awards 2023 in 2...

Published 07 Jan, 2023 06:00am

Kazakhstan Ambassador explains problems impeding trade

LAHORE: The Ambassador of Kazakhstan, Yerzhan Kistafin noted a number of problems that were impeding trade between...

Published 07 Jan, 2023 06:00am

Taxes

Additional tax on traders: KATI President asks govt to consult business community

KARACHI: Korangi Association of Trade and Industry (KATI) President Farazur Rehman has said that before imposing an...

Published 07 Jan, 2023 06:00am

Commodities

Gold prices inch up

KARACHI: Gold prices on Friday inched up on the local market, traders said. They grew by Rs300 and Rs257 to Rs183700...

Published 07 Jan, 2023 06:00am

FPCCI for adopting alternate plan to save energy

KARACHI: Irfan Iqbal Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has come up...

Published 07 Jan, 2023 06:00am

Cotton & Textile

Cotton market remains stable

LAHORE: The local cotton market on Friday remained stable and the trading volume remained low. Cotton Analyst ...

Published 07 Jan, 2023 06:00am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (January 06, 2023). ======================== Open Bid ...

Published 07 Jan, 2023 06:00am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (January 06, 2023)....

Published 07 Jan, 2023 06:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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