New delimitation of UCs: ECP refutes Punjab govt’s claim of unilateral notification ISLAMABAD: The Election Commission of Pakistan (ECP) on Monday said that there is no truth in the claims made by the... Published 10 Jan, 2023 06:37am
PARTLY FACETIOUS: Privacy laws that are notoriously weak “The Khan never mentioned it.” “Hey would you stop already! I mean these audio or video leaks defy the... Published 10 Jan, 2023 06:35am
Energy MPCL discovers gas in Sindh KARACHI: Mari Petroleum Company Limited (MPCL) has made a gas discovery at its exploratory well Mari Ghazij-1,... Published 10 Jan, 2023 06:31am
Taxes FBR sees Rs1289bn tax gap for 2022 ISLAMABAD: The Federal Board of Revenue (FBR) has worked out overall tax gap of Rs1,289 billion during 2022, which... Published 10 Jan, 2023 06:28am
NA body wants issues of OPF housing scheme resolved ISLAMABAD: Sub-Committee of the National Assembly Standing Committee on Overseas Pakistanis discussed the Overseas... Published 10 Jan, 2023 06:26am
Increase in number of UCs in ICT: IHC asks federal govt to share summary, minutes of cabinet meeting ISLAMABAD: The Islamabad High Court (IHC), Monday, asked the federal government to share the minutes of the cabinet... Published 10 Jan, 2023 06:22am
Companies JS Bank wins 5 accolades at GDEIB Awards 2023 KARACHI: Committed to building an inclusive financial ecosystem for all Pakistanis, JS Bank has won five awards at... Published 10 Jan, 2023 06:19am
Alvi asks NHA to explain delay in compensating affectees of project ISLAMABAD: President Dr Arif Alvi while upholding the orders of Wafaqi Mohtasib has directed the National Highways... Published 10 Jan, 2023 06:00am
Cabinet body reviews health card initiative LAHORE: The ninth meeting of the Cabinet Standing Committee regarding ‘Universal Health Insurance’ was held in... Published 10 Jan, 2023 06:00am
Lahore CCPO directed to recover, produce Moonis’s friend LAHORE: The Lahore High Court on Monday directed the CCPO of Lahore to recover and produce Ahmad Farhan Khan, a... Published 10 Jan, 2023 06:00am
Fazeel Jah appointed as chief of CBD Punjab LAHORE: Chief Minister of Punjab Chaudhry Pervaiz Elahi has appointed Fazeel Asif Jah as chairman of the Board of... Published 10 Jan, 2023 06:00am
Dar keeping an eye on savings of Pakistanis: Punjab govt LAHORE: Terming Finance Minister Ishaq Dar’s statement about having $10 billion ‘ridiculous’, Spokesperson for... Published 10 Jan, 2023 06:00am
LHC dismisses plea challenging early closure of restaurants LAHORE: The Lahore High Court on Monday dismissed a petition of the Association of Restaurants challenging the early... Published 10 Jan, 2023 06:00am
Middle East Suez Canal says traffic ‘normal’ after stuck ship refloated ISMAILIA, (Egypt): Suez Canal maritime traffic was “normal” Monday after a cargo vessel carrying Ukrainian grain... Published 10 Jan, 2023 06:00am
South Asia BD top opposition leaders released on bail DHAKA: Two top leaders of Bangladesh’s main opposition party were released from prison on Monday, officials said, ... Published 10 Jan, 2023 06:00am
Europe NATO, EU eye ‘next level’ partnership in face of Russia threat BRUSSELS: NATO and the EU are seeking to ramp up cooperation after Russia’s invasion of Ukraine upended the... Published 10 Jan, 2023 06:00am
Telecom sector generates record Rs694bn revenues during FY 2021-22 ISLAMABAD: Telecom sector generated record revenues of Rs 694 billion during the financial year 2021-22 compared to... Published 10 Jan, 2023 06:00am
Brazilian troops clear pro-Bolsonaro camp after protesters storm capital BRASILIA: Brazilian soldiers backed by police dismantled a camp of supporters of far-right former President Jair... Published 10 Jan, 2023 06:00am
Rates LIBOR interbank offered rates LONDON: London Interbank Offered Rates (LIBOR) on Monday (January 09, 2023).... Published 10 Jan, 2023 06:00am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Monday (January 09, 2023). ========================== KIBOR... Published 10 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 10 Jan, 2023 06:00am
Rates Proposed right issues KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange.... Published 10 Jan, 2023 06:00am
Stocks Last date of renunciation/payment KARACHI: Last dates of renunciation/payment.... Published 10 Jan, 2023 06:00am
Rates Dividend/Bonus Announcements KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.... Published 10 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 Monday... Published 10 Jan, 2023 06:00am
The Weather KARACHI: The weather report on Monday (January 09, 2023) and the forecast for Tuesday (January 10, 2023)... Published 10 Jan, 2023 06:00am
Speech at IBA: Academic cautions against placing scholars in ‘opposing camps’ KARACHI: In a talk at the Institute of Business Administration (IBA) a noted academic stressed the need to read... Published 10 Jan, 2023 06:00am
Toshakhana case: Court rejects ECP’s request for issuing IK’s arrest warrants ISLAMABAD: A local court on Monday rejected the request of counsel for the Election Commission of Pakistan (ECP) for... Published 10 Jan, 2023 06:00am
ECP dismisses disqualification plea against Dar ISLAMABAD: The Election Commission of Pakistan (ECP) on Monday dismissed a plea for disqualification of Finance... Published 10 Jan, 2023 06:00am
LHC disposes of two petitions about ECP LAHORE: A full bench of the Lahore High Court on Monday disposed of two petitions about the proceedings of the... Published 10 Jan, 2023 06:00am
Murad instructs CS to ensure prices are controlled KARACHI: Sindh Chief Minister Syed Murad Ali Shah, taking serious notice of artificial price hike, profiteering as... Published 10 Jan, 2023 06:00am
Country won’t default until Bilawal is part of govt: Kaira LAHORE: Senior leader of the Pakistan People’s Party (PPP) and Federal Adviser Qamar Zaman Kaira said on Monday... Published 10 Jan, 2023 06:00am
Rain, snowfall likely from tomorrow: PDMA LAHORE: The Punjab Disaster Management Authority (PDMA) has predicted rain and snowfall in different areas of Punjab... Published 10 Jan, 2023 06:00am
President approves two bills ISLAMABAD: President Dr Arif Alvi, on Monday, gave his assent to the Islamabad Capital Territory Interest ... Published 10 Jan, 2023 06:00am
SSC Part I Exams 2022: Bestway Foundation School lauds top performers RAWALPINDI: A prestigious ceremony was held at Bestway Foundation School, Tatral to celebrate excellent performance... Published 10 Jan, 2023 06:00am
Govt inks accords for three uplift schemes to be funded by EU ISLAMABAD: The government of Pakistan and the European Union have signed agreements for three new development... Published 10 Jan, 2023 06:00am
Letters ‘A sad tale indeed’ This is apropos a Business Recorder op-ed “A sad tale indeed – II” carried by the newspaper on Saturday. In ... Published 10 Jan, 2023 06:00am
UK housebuilders may cut dividends as surging rates deter buyers British housebuilders may cut dividends to preserve cash and ride out a property downturn, as high mortgage rates... Published 10 Jan, 2023 06:00am
Faltering exports The textile exports are faltering since July 2022. They have been growing rapidly for the previous two years, but we... Updated 10 Jan, 2023 06:51am
Pakistan’s deepening crisis Pakistan’s crisis is deepening by the day. First and foremost, it’s the economy stupid! Pakistan has throughout its... Updated 10 Jan, 2023 06:47am
Galloping inflation Pakistan today is experiencing high and rising rate of inflation. This is the highest inflation after 1973-74 and... Published 10 Jan, 2023 06:00am
Stocks Nasdaq leads gains on Wall Street as interest rate worries ease NEW YORK: The Nasdaq rose more than 2% on Monday with Big Tech and growth stocks spearheading gains as recent signs... Published 10 Jan, 2023 06:00am
Stocks Indian shares end higher BENGALURU: Indian shares settled higher on Monday, driven by broad-based gains for risky assets across regions after... Published 10 Jan, 2023 06:00am
Stocks European shares rise on China reopening optimism PARIS: European shares rose on Monday, extending the year’s upbeat start to a second week, as China reopened its... Published 10 Jan, 2023 06:00am
Stocks China, HK stocks gain on border reopening BEIJING: China stocks rose for a sixth straight session on Monday, while Hong Kong shares jumped to a six-month ... Published 10 Jan, 2023 06:00am
Foggy weather leads to frequent tripping: Lesco LAHORE: Foggy weather has led to frequent tripping on the power distribution system of Lahore Electric Supply ... Published 10 Jan, 2023 06:00am
Elahi reiterates support to IK LAHORE: Punjab Chief Minister Chaudhary Pervaiz Elahi reiterated his support for Pakistan Tehreek-e-Insaf (PTI)... Published 10 Jan, 2023 06:00am
PDM govt responsible for wheat flour crisis, says PTI LAHORE: Pakistan Tahreek-e-Insaf (PTI) Secretary General Asad Umar has said the collation government of the Pakistan... Published 10 Jan, 2023 06:00am
Nawaz’s return home not conditional, says minister LAHORE: Federal Defence Minister Khawaja Asif said that former Prime Minister Nawaz Sharif’s return is not... Published 10 Jan, 2023 06:00am
Rival camps finalise strategies for new bout of power struggle LAHORE: The ruling alliance in Punjab (PTI & PML-Q) and joint opposition (PML-N-PPP) have finalised their... Published 10 Jan, 2023 06:00am
Karachi and Hyderabad: LG polls will be held on 15th: ECP ISLAMABAD: Despite all-out efforts by the MQM-P to delay the local government elections, the Election Commission of... Published 10 Jan, 2023 06:00am
UK HC, IK discuss money laundering and other issues LAHORE: British High Commissioner in Islamabad Christian Turner on Monday called on Pakistan Tehreek-e-Insaf (PTI)... Published 10 Jan, 2023 06:00am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (January ... Published 10 Jan, 2023 06:00am
Rates BOARD MEETINGS KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange.... Published 10 Jan, 2023 06:00am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Monday (January 09, 2023). ==================================== BR... Published 10 Jan, 2023 06:00am
Rates Member to Member KARACHI: The following transactions member to member subsequently reported on Monday (January 09, 2023).... Published 10 Jan, 2023 06:00am
Rates Cross Transactions between Client to Client & Financial Institutions KARACHI: The following were the cross transactions between client to client & financial institutions here on... Published 10 Jan, 2023 06:00am
Rates Revised Rates of Debt Securities KARACHI: The following were the revised rates of debt securities on Monday (January 09, 2023).... Published 10 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 Monday (January 09, 2023).... Published 10 Jan, 2023 06:00am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Monday (January 09, 2023). ======================== Open Bid ... Published 10 Jan, 2023 06:00am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 09, 2023).... Published 10 Jan, 2023 06:00am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Monday (January 09, 2023). ======================================= Offset... Published 10 Jan, 2023 06:00am
Rates LME official prices LONDON: The following were Friday official prices. ========================================= ALUMINIUM... Published 10 Jan, 2023 06:00am
Energy Standard gas/RLNG supply contracts: Ogra holds hearing to consider petitions of SNGPL, SSGC for amendment ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Monday held a public hearing to consider petitions of gas... Published 10 Jan, 2023 06:00am
Commodities Warm weather may hurt Ukrainian winter grain crops KYIV: Unusually warm weather for December and early January could have a negative impact on Ukrainian winter wheat... Published 10 Jan, 2023 06:00am
Energy 600MW solar plant: Nepra meeting witnesses heated debate on RFP ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Monday witnessed a heated debate on Request for... Updated 10 Jan, 2023 01:15pm
Commodities Sugar rebounds after hitting 2-month low LONDON: Raw sugar futures on ICE turned higher on Monday after hitting a two-month low, with the market finally... Published 10 Jan, 2023 06:00am
Commodities Palm oil reverses early losses on supply concerns KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Monday, after prices hit an 11-day low, buoyed by... Published 10 Jan, 2023 06:00am
Commodities Gold hits 8-month peak as dollar slips on Fed slowdown bets NEW YORK: Gold prices hit an eight-month high on Monday, helped by a drop in the dollar after US economic data late... Published 10 Jan, 2023 06:00am
Commodities China’s reopening helps to propel copper to six-month high LONDON: Copper prices hit their highest in more than six months on Monday, driven higher by an improving demand... Published 10 Jan, 2023 06:00am
Cotton & Textile Subdued business on cotton market LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Monday increased the spot rate by Rs 500... Published 10 Jan, 2023 06:00am
Cotton & Textile Cotton spot rates KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday (January 09, 2023).... Published 10 Jan, 2023 06:00am
Commodities Funds plant record CBOT soymeal bets NAPERVILLE: Money managers began 2023 with their most bullish ever stance in Chicago-traded soybean meal, and their... Published 10 Jan, 2023 06:00am
Rates Activities of Karachi Port and Port Qasim KARACHI: The Karachi Port Trust handled 257,531 tons of cargo comprising 206,936 Tones of import cargo and 50,595... Published 10 Jan, 2023 06:00am
Energy US natgas rises on oil price gain, forecasts for higher demand NEW YORK: US natural gas futures rose about 4% on Monday from a one-year low in the prior session with a jump in oil... Published 10 Jan, 2023 06:00am
Commodities Ukraine grain exports down KYIV: Ukraine has exported almost 23.6 million tonnes of grain so far in the 2022/23 season, down from the 33.5... Published 10 Jan, 2023 06:00am
Energy Gasoil margins open the week strong amid strong oil SINGAPORE: Asia’s 10-ppm sulphur gasoil margins firmed at the start of the week following trading optimism over ... Published 10 Jan, 2023 06:00am
Energy India’s fuel demand hits nine-month high in Dec BENGALURU: India’s fuel demand reached a nine-month high in December, helped by strong industrial activity and a... Published 10 Jan, 2023 06:00am
Commodities PMEX daily trading report KARACHI: On Friday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 23.411 ... Published 10 Jan, 2023 06:00am
Commodities Iron ore futures down MANILA: Dalian and Singapore iron ore futures fell on Monday after China’s state planner vowed to ramp up efforts... Published 10 Jan, 2023 06:00am
Energy VLSFO premium dips further, HSFO holds steady SINGAPORE: Asia’s spot premium for very low sulphur fuel oil (VLSFO) dipped for a third straight session on Monday... Published 10 Jan, 2023 06:00am
Car making components: FBR to charge 15pc duty on import ISLAMABAD: The Federal Board of Revenue (FBR) will charge 15 percent customs duty on the import of components for... Updated 10 Jan, 2023 09:03am
Rs3bn needed to remove NJHPP blockage: govt ISLAMABAD: The government said on Monday that over Rs3 billion including the cost of consultancy services is needed... Updated 10 Jan, 2023 09:04am
Govt criticised for allowing import of luxury cars KARACHI: The value-added textile exporters on Monday slammed the coalition government of Pakistan Democratic... Updated 10 Jan, 2023 09:06am
SBP seeks feeder-wise data of power consumers ISLAMABAD: State Bank of Pakistan (SBP) has sought feeder-wise data of electricity consumers to be used to project... Updated 10 Jan, 2023 09:03am
Two shipments of wheat arrive KARACHI: Two consignments of wheat imported by Trading Corporation of Pakistan (TCP) have arrived in Pakistan for... Updated 10 Jan, 2023 08:57am
Rates PSX sheds 502.76 points KARACHI: Pakistan Stock Exchange on Monday witnessed bearish trend due to selling pressure on investor concern over... Published 10 Jan, 2023 06:00am
Industry Meeting at Federation House: FPCCI inputs to be kept in mind while drafting commerce policy: adviser KARACHI: Special Assistant to the Sindh Chief Minister on Commerce Faraz Abid Lakhani and his team have said that ... Published 10 Jan, 2023 06:00am
Industry Domestic consumers: Lasbela chamber supports gas supply through cylinders KARACHI: The Lasbela Chamber of Commerce and Industry (LCCI) has supported the decision of the Sui Southern Gas... Published 10 Jan, 2023 06:00am
Industry KATI urges minister to take notice of poor infrastructure in Korangi KARACHI: President of Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman has expressed his concern ... Published 10 Jan, 2023 06:00am
Protest in South Waziristan EDITORIAL: South Waziristan is the birthplace of Pakistani Taliban. Over the years while the Tehreek-e-Taliban... Published 10 Jan, 2023 06:00am
Expenditure must be curtailed EDITORIAL: The government is in the throes of an acute dollar and rupee shortage (attributable to lack of fiscal... Updated 10 Jan, 2023 06:42am
Money & Banking Dollar hits 7-month trough vs euro NEW YORK: The US dollar on Monday fell to its weakest level in seven months against the euro as traders bet recent... Published 10 Jan, 2023 06:00am
Energy India asks utilities to import 6pc of their coal NEW DELHI: India’s power ministry has asked utilities to import 6% of their coal requirement until September,... Published 10 Jan, 2023 06:00am
FPCCI chief says economic situation causing serious concerns LAHORE: The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, ... Published 10 Jan, 2023 06:00am
Industry Secretary assures APTMA: Punjab govt decides to form working group for resolution of industry issues LAHORE: The Punjab government has decided to constitute a working group for the resolution of problems of textile... Published 10 Jan, 2023 06:00am
Market expects Geneva pledges to help ease pressure on foreign exchange reserves KARACHI: With some $10 billion commitments in the Geneva Conference, the default risk has further reduced and the... Updated 10 Jan, 2023 09:59am
Oil rises over 1pc NEW YORK: Oil prices rose over 1% on Monday after China’s move to reopen its borders boosted the outlook for fuel... Published 10 Jan, 2023 06:00am
Donors pledge more than $9bn to help flood recovery ISLAMABAD: Pakistan said Monday it had received pledges of more than $9 billion at an international conference... Updated 10 Jan, 2023 08:58am
Demands for reforms: PM asks IMF for a pause GENEVA: Prime Minister Shehbaz Sharif on Monday asked the IMF for a pause in its demands for economic reforms before... Updated 10 Jan, 2023 08:55am