News Archives for Print - 2023-01-10

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Print - 2023-01-10

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

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	281.78
USD PKR Interbank Buying / May 14	281.68
USD to Japanese Yen / May 14	147.13
USD to Swiss Franc / May 14	0.84
Pound Sterling to USD / May 14	1.33
Euro to USD / May 14	1.12
UK LIBOR % / May 13	4.96

Stock	Volume
S&P 500 / May 13	5,886.55
Nasdaq / May 13	19,010.09
Dow Jones / May 13	42,140.43
India Sensex / May 14	81,497.76
Tokyo Nikkei / May 14	38,113.18
Hang Seng / May 14	23,504.69
FTSE 100 / May 14	8,607.88
Germany DAX 30 / May 14	23,613.03
France CAC40 / May 14	7,846.03

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	16,985
Gold 10 Grams PKR / May 13	295,096
Cotton US¢/pound / May 13	66.61
Petrol/Litre / May 14	252.63
Crude Oil USD/Barrel / May 14	63.39
Gold Spot USD/Ounce / May 14	3,234.38
Diesel/Litre / May 14	256.64

Gainers
Losers
Leaders

Stock	Price
Ghani Chemworld / May 14 Ghani Chemworld Limited(GCWL)	8.14 ▲ 1 (14.01%)
Al-Shaheer Corp / May 14 Al Shaheer Corporation Limited(ASC)	7.75 ▲ 0.87 (12.65%)
B. F. Mod. / May 14 B.F. Modaraba(BFMOD)	9.34 ▲ 1 (11.99%)
Tariq Corp.Pref. / May 14 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.99 ▲ 0.88 (10.85%)
AN Textile Mill / May 14 AN Textile Mills Limited(ANTM)	10.79 ▲ 1 (10.21%)
S.G.Power / May 14 S.G. Power Limited(SGPL)	7.71 ▲ 0.71 (10.14%)
Hala Enterprise / May 14 Hala Enterprises Limited(HAEL)	12.05 ▲ 1.1 (10.05%)
Power Cem(Pref) / May 14 Power Cement (Pref)(POWERPS)	16.89 ▲ 1.54 (10.03%)
Dewan Motors / May 14 Dewan Farooque Motors Limited(DFML)	36.03 ▲ 3.28 (10.02%)
Bunnys Limited / May 14 Bunnys Limited(BNL)	28.01 ▲ 2.55 (10.02%)

Stock	Price
Dewan Mushtaq / May 14 Dewan Mushtaq Textile Mills Limited(DMTM)	8.81 ▼ -0.99 (-10.1%)
Aisha Steel(ConPS) / May 14 Aisha Steel(ConPS)(ASLPS)	13.55 ▼ -1.45 (-9.67%)
Faisal Sp. / May 14 Faisal Spinning Mills Limited(FASM)	285.21 ▼ -29.79 (-9.46%)
Bilal Fibres / May 14 Bilal Fibres Limited(BILF)	18 ▼ -1.59 (-8.12%)
786 Invest Ltd / May 14 786 Investments Limited(786)	7.32 ▼ -0.62 (-7.81%)
TPL Trakker Ltd / May 14 TPL Trakker Limited(TPLT)	6.09 ▼ -0.5 (-7.59%)
Samba Bank / May 14 Samba Bank Limited(SBL)	8.57 ▼ -0.7 (-7.55%)
IbrahimFibres / May 14 Ibrahim Fibres Limited(IBFL)	325.02 ▼ -23.41 (-6.72%)
Calcorp Ltd / May 14 Calcorp Limited(CASH)	38.52 ▼ -2.74 (-6.64%)
F.Credit & Inv / May 14 First Credit and Investment Bank Limited(FCIBL)	7.46 ▼ -0.53 (-6.63%)

Stock	Volume
At-Tahur Ltd. / May 14 At-Tahur Limited(PREMA)	38,484,771 ▲ 4.08
Fauji Cement / May 14 Fauji Cement Company Limited(FCCL)	34,776,712 ▲ 0.27
Sui South Gas / May 14 Sui Southern Gas Company Limited(SSGC)	32,150,071 ▲ 3.28
D.G.K.Cement / May 14 D.G. Khan Cement Company Limited(DGKC)	17,878,731 ▼ -2.39
Power Cement / May 14 Power Cement Limited(POWER)	17,869,606 ▲ 0.16
WorldCall Telecom / May 14 Worldcall Telecom Limited(WTL)	16,987,778 ▲ 0.01
B.O.Punjab / May 14 The Bank of Punjab(BOP)	14,032,941 ▼ -0.01
Al-Shaheer Corp / May 14 Al Shaheer Corporation Limited(ASC)	12,652,902 ▲ 0.87
Maple Leaf Cement / May 14 Maple Leaf Cement Factory Limited(MLCF)	12,337,015 ▼ -0.22
Pak Refinery / May 14 Pakistan Refinery Limited(PRL)	12,217,821 ▲ 0.75

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