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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Rates Dividend/Bonus Announcements KARACHI: Dividend/Bonus announcements by the companies listed on the 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 Proposed right issues KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange.... 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 Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Monday (January 09, 2023). ========================== KIBOR... 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 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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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 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 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
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 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 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
Rates LME official prices LONDON: The following were Friday official prices. ========================================= ALUMINIUM... 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 Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am 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
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
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
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 Member to Member KARACHI: The following transactions member to member subsequently reported on Monday (January 09, 2023).... 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 BOARD MEETINGS KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange.... 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
Disaster risk reconstruction: ADB to reprioritise $1bn over 3 years Key sectors of support include agriculture, natural resources, urban services, social protection, health, and public financial management Updated 10 Jan, 2023 08:51am
Meeting between Dar, IMF officials: Pakistan reaffirms commitment GENEVA: Pakistan reiterated its commitment to completing a programme with the International Monetary Fund in a... Updated 10 Jan, 2023 08:53am
COAS, MBS agree to bolster defence cooperation ISLAMABAD Chief of Army Staff (COAS) General Asim Munir met Saudi Crown Prince and Prime Minister Mohammad bin... Updated 10 Jan, 2023 08:53am
Pakistan may dodge default in next 6 months: Bloomberg ISLAMABAD: Pakistan is likely to dodge default in the next six months, but its troubles are not over, stated... Updated 10 Jan, 2023 08:54am
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
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
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
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
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
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
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
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
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