Stocks FTSE 100 surges to over 4-year high; insurance stocks tumble LONDON: UK’s exporter-heavy FTSE 100 closed higher on Wednesday, buoyed by gains in commodity-linked stocks, while... Published 12 Jan, 2023 07:13am
Stocks European shares rise on bets of easing rate hikes PARIS: European shares advanced on Wednesday, buoyed by hopes of less aggressive interest rate hikes, while insurer... Published 12 Jan, 2023 07:11am
Stocks HK stocks hit six-month highs, China lower HONG KONG: Hong Kong stocks rose to another six-month high on hopes of a strong economic rebound from the COVID-19... Published 12 Jan, 2023 07:08am
Money & Banking Dollar, euro rangebound NEW YORK: The dollar was little changed on Wednesday versus the euro and other major currencies as traders held off... Published 12 Jan, 2023 07:06am
Commodities Palm oil hits near three-week closing low KUALA LUMPUR: Malaysian palm oil futures fell for a second consecutive session on Wednesday to close at their lowest... Published 12 Jan, 2023 07:03am
Commodities Gold off 8-month highs as markets brace for data NEW YORK: Gold prices eased from an eight-month peak on Wednesday as investors positioned themselves ahead of US... Published 12 Jan, 2023 07:01am
Energy Oil gains 2pc on optimism over global economy NEW YORK: Oil prices rose 2 percent to a one-week high on Wednesday as hopes for an improved global economic outlook... Published 12 Jan, 2023 06:59am
Commodities Copper rises above $9,000 for first time since June LONDON: Copper prices rose above $9,000 a tonne on Wednesday for the first time since June on hopes that Chinese... Published 12 Jan, 2023 06:59am
Stocks Gulf stocks skid ahead of US inflation data DUBAI: Gulf stock markets fell on Wednesday, with banking shares taking the biggest hit across the markets, as... Published 12 Jan, 2023 06:56am
Stocks Wall St gains with all eyes on key inflation data NEW YORK: Wall Street’s main indexes rose on Wednesday with investors keenly awaiting a crucial inflation reading... Published 12 Jan, 2023 06:53am
Cotton & Textile Spot rate of cotton increased again LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Wednesday increased the spot rate by Rs... Published 12 Jan, 2023 06:51am
Cotton & Textile Cotton spot rates KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday (January 11, 2023).... Published 12 Jan, 2023 06:49am
Commodities China extends dumping duties on US distiller grains SHANGHAI: China’s Commerce Ministry said on Wednesday it will continue to impose anti-dumping and anti-subsidy... Published 12 Jan, 2023 06:48am
Commodities Brazil sugar cane crushing SAO PAULO: Brazil’s centre-south sugarcane crushing totalled 2.63 million tonnes in the second half of December,... Published 12 Jan, 2023 06:46am
Gated UK property funds are open to further risk UK property funds face further exit requests, asset fire sales and reduced demand from pension schemes after payout... Published 12 Jan, 2023 06:26am
Mastering the art of saving and income Mastering the art of saving is about more than just setting aside a portion of your paycheck. It requires a solid... Published 12 Jan, 2023 06:20am
Power distribution sector’s performance – I Circular debt and privatisation of power distribution companies are under active discussion these days in the... Published 12 Jan, 2023 06:10am
Imran Khan balks at ‘minus-one’ formula LAHORE: Former prime minister and Pakistan Tehreek-e-Insaf (PTI) leader Imran Khan on Wednesday claimed that a... Published 12 Jan, 2023 05:51am
Elahi doesn’t enjoy support of 186 MPAs: minister LAHORE: Interior Minister Rana Sanaullah has said that Chaudhry Pervaiz Elahi does not enjoy the support of 186... Published 12 Jan, 2023 05:51am
L’Oréal launches certified training platform KARACHI: L’Oréal Pakistan is reaffirming its commitment to create opportunities for women in Pakistan with the... Published 12 Jan, 2023 05:51am
Sindh to face cold wave till 17th KARACHI: Tempera-tures in Sindh are expected to drop to 2 Celsius, as the Met Office on Wednesday forecast a cold... Published 12 Jan, 2023 05:51am
MQM-P threatens to quit coalition govt over delimitations KARACHI: Muttahida Qaumi Movement-Pakistan (MQM-P), an ally of the Shehbaz Sharif-led coalition government, on... Published 12 Jan, 2023 05:51am
Tessori visits KMC head office KARACHI: Sindh Governor Kamran Khan Tessori on Wednesday paid a visit to the head office of Karachi Metropolitan... Published 12 Jan, 2023 05:51am
Food dept directed to ensure flour is sold at Rs95/kg KARACHI: Sindh Chief Minister Syed Murad Ali Shah, after attending a donors’ conference in Geneva, returned on... Published 12 Jan, 2023 05:51am
Industry Acute shortage of medicines on the cards ISLAMABAD: An acute medicine shortage is looming in the country as the pharma industry is facing serious problems in... Published 12 Jan, 2023 05:51am
Azerbaijan appoints first ever ambassador to Israel amid Iran row BAKU: Azerbaijan appointed its first ever envoy to Israel on Wednesday amid escalating tensions with Iran. President... Published 12 Jan, 2023 05:51am
US airports rumble back to life after FAA computer outage WASHINGTON: US flights were slowly beginning to resume departures and a ground stop was lifted after the Federal... Published 12 Jan, 2023 05:51am
South Asia BD opposition protests demand PM’s resignation DHAKA: Huge crowds swarmed the streets of Bangladeshi cities Wednesday to demand Prime Minister Sheikh Hasina’s... Published 12 Jan, 2023 05:51am
UK, Japan sign major defence deal allowing troop deployments LONDON: The British and Japanese prime ministers signed what Downing Street called a “hugely significant” new... Published 12 Jan, 2023 05:51am
Senate body condemns bulldozing of bills ISLAMABAD: A parliamentary panel on Wednesday condemned the bulldozing of legislation by placing it on the... Published 12 Jan, 2023 05:51am
Rs70bn distributed among 2.8m flood victims: minister ISLAMABAD: The federal government has distributed Rs70 billion among 2.8 million people who were affected by last... Published 12 Jan, 2023 05:51am
CS orders ‘elaborate plan’ for security of field teams: Punjab divided into 167 census districts LAHORE: The Provincial Coordination Committee for Digital Census on Wednesday decided to set up control centres at... Published 12 Jan, 2023 05:51am
PTA releases annual report on cyber security ISLAMABAD: The Pakistan Mobile Communications Limited (PMCL) - Jazz has secured the highest percentage of compliance... Published 12 Jan, 2023 05:51am
PDM depending on establishment’s support: JI chief LAHORE: Emir of Jamaat-e-Islami Sirajul Haq has said that the politics of the Pakistan Democratic Movement, the... Published 12 Jan, 2023 05:51am
PCB holding talks with Mickey for appointing him as head coach LAHORE: The Pakistan Cricket Board (PCB) is holding talks with former head coach of the national cricket team Mickey... Published 12 Jan, 2023 05:51am
PA passes two bills amidst opposition protest LAHORE: Amidst opposition protest, the Punjab Assembly on Wednesday passed the Lahore University of Biological and... Published 12 Jan, 2023 05:51am
Outgoing British HC meets president ISLAMABAD: President Dr Arif Alvi has said that there is a need to take tangible steps to increase trade between... Published 12 Jan, 2023 05:51am
Martin Dow group launches scholarships for IBA students KARACHI: Martin Dow, the multinational healthcare group in Pakistan, has launched another initiative for deserving... Published 12 Jan, 2023 05:51am
LHC disposes of plea against detention of Ahmad Faran LAHORE: The Lahore High Court (LHC) on Wednesday disposed of a habeas corpus petition against alleged detention of... Published 12 Jan, 2023 05:51am
LG elections in Karachi: JI urges people to cast votes on 15th KARACHI: Jamaat-e-Islami (JI) Karachi Ameer Engr Hafiz Naeemur Rehman has urged Karachiites to come forward on... Published 12 Jan, 2023 05:51am
The Weather KARACHI: The weather report on Wednesday (January 11, 2023) and the forecast for Thursday (January 12, 2023)... Published 12 Jan, 2023 05:51am
Stocks Stocks show mixed trend KARACHI: Pakistan Stock Exchange on Wednesday witnessed mixed trend as the investors remained cautious and avoided ... Published 12 Jan, 2023 05:51am
SC concerned at inordinate delay in appointment of new AGP ISLAMABAD: The Supreme Court on Wednesday expressed grave concern over the delay in appointing the new Attorney... Published 12 Jan, 2023 05:51am
Stocks PSX approves listing application of Searle Pakistan Ltd KARACHI: Pakistan Stock Exchange Limited has approved the listing application and draft prospectus of Searle ... Published 12 Jan, 2023 05:51am
Senate session on Friday ISLAMABAD: President Dr Arif Alvi has summoned the session of the Senate at the Parliament House on Friday. The... Published 12 Jan, 2023 05:51am
Prohibited funding case: IHC reserves verdict on PTI plea against ECP report ISLAMABAD: The Islamabad High Court (IHC) on Wednesday reserved its verdict on the Pakistan Tehreek-e-Insaf ... Published 12 Jan, 2023 05:51am
PARTLY FACETIOUS: Dar neutralised the move against him in Geneva “So what’s the latest?” “Same-o same-o.” “The coldest temperature this season is just around the corner... Published 12 Jan, 2023 05:51am
Petition against NAO: Govt’s counsel reminds SC of criticism of NAB law by PTI ministers ISLAMABAD: The Federation’s counsel told the Supreme Court on Wednesday that Imran Khan as prime minister and... Published 12 Jan, 2023 05:51am
Experts characterise pledges of $9bn as ‘great success’ LAHORE: Terming the Geneva moot as good omen for the country, experts said that pledges of over US nine billion... Published 12 Jan, 2023 05:51am
CM’s cell orders strict action against flour hoarders LAHORE: Adviser and Chairman Chief Minister Punjab Grievance Cell Zubair Ahmed Khan said that on the instructions of... Published 12 Jan, 2023 05:51am
Poultry meat prices down by Rs65 per/kg LAHORE: Poultry meat prices on Wednesday registered a sharp dip in the provincial metropolis as the official rate ... Published 12 Jan, 2023 05:51am
CTD arrests 26 ‘terrorists’ in operations across Punjab LAHORE: The Counter-Terrorism Department (CTD) of Punjab has arrested 26 suspected terrorists during combing and... Published 12 Jan, 2023 05:51am
Farmers urge Punjab, KP govts to raise wheat support price to Rs4,000 per maund LAHORE: Farmers criticising delay in the announcement of the support price for the current wheat crop have urged the... Published 12 Jan, 2023 05:51am
Rates Activities of Karachi Port and Port Qasim KARACHI: The Karachi Port Trust handled 54,552 tonnes of cargo comprising 47,013 tonnes of import cargo and 7,539... Published 12 Jan, 2023 05:51am
Fatwas don’t work with terrorists Pakistan’s establishment understands only too well why fatwas (religious edicts) against terrorism never work with... Published 12 Jan, 2023 05:51am
Letters ‘FDI: disastrous policies’ This is apropos a Business Recorder op-ed “FDI: disastrous policies” carried by the newspaper yesterday. The... Published 12 Jan, 2023 05:51am
Rates LME official prices LONDON: The following were Tuesday official prices. ========================================= ALUMINIUM... Published 12 Jan, 2023 05:51am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 11, 2023).... Published 12 Jan, 2023 05:51am
Rates Revised Rates of Debt Securities KARACHI: The following were the revised rates of debt securities on Wednesday (January 11, 2023).... Published 12 Jan, 2023 05:51am
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 12 Jan, 2023 05:51am
Rates Member to Member KARACHI: The following transactions member to member subsequently reported on Wednesday (January 11, 2023).... Published 12 Jan, 2023 05:51am
Stocks NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL) KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on... Published 12 Jan, 2023 05:51am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (January 11, 2023). ==================================== ... Published 12 Jan, 2023 05:51am
Rates BOARD MEETINGS KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange.... Published 12 Jan, 2023 05:51am
Stocks Last date of renunciation/payment KARACHI: Last dates of renunciation/payment.... Published 12 Jan, 2023 05:51am
Rates Proposed right issues KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange.... Published 12 Jan, 2023 05:51am
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 12 Jan, 2023 05:51am
Rates EFU TAKAFUL CONSERVATIVE FUND RATES KARACHI: EFU Takaful Conservative Fund Rates on Wednesday (January 11, 2023). ======================== OFFER ... Published 12 Jan, 2023 05:51am
Rates EFU TAKAFUL AGGRESSIVE FUND RATES KARACHI: EFU Takaful Aggressive Fund Rates on Wednesday (January 11, 2023). ======================== OFFER PRICE... Published 12 Jan, 2023 05:51am
Rates EFU TAKAFUL GROWTH FUND RATES KARACHI: EFU Takaful Growth Fund Rates on Wednesday (January 11, 2023). ======================== OFFER PRICE... Published 12 Jan, 2023 05:51am
Rates EFU INCOME GROWTH FUND KARACHI: EFU Income Growth Fund Rates on Wednesday (January 11, 2023). ======================== OFFER PRICE... Published 12 Jan, 2023 05:51am
Rates EFU AGGRESSIVE FUND RATES KARACHI: EFU Aggressive Fund Rates on Wednesday (January 11, 2023). ======================== OFFER PRICE... Published 12 Jan, 2023 05:51am
Rates EFU GUARANTEED GROWTH FUND RATES KARACHI: EFU Guaranteed Growth Fund Rates on Wednesday (January 11, 2023). ======================== OFFER PRICE... Published 12 Jan, 2023 05:51am
Rates EFU Aitemad Growth Fund Rates KARACHI: EFU Aitemad Growth Fund Rates on Wednesday (January 11, 2023). ======================== OFFER PRICE... Published 12 Jan, 2023 05:51am
Rates EFU Capital Growth Fund Rates KARACHI: EFU Capital Growth Fund Rates on Wednesday (January 11, 2023). ======================== OFFER PRICE... Published 12 Jan, 2023 05:51am
Rates EFU Pension Growth Fund Rates KARACHI: EFU Pension Growth Fund Rates on Wednesday (January 11, 2023). ======================== OFFER PRICE... Published 12 Jan, 2023 05:51am
Rates EFU Managed Growth Fund Rates KARACHI: EFU Managed Growth Fund Rates on Wednesday (January 11, 2023). ======================== OFFER PRICE... Published 12 Jan, 2023 05:51am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Wednesday (January 11, 2023). ========================== KIBOR... Published 12 Jan, 2023 05:51am
Rates LIBOR interbank offered rates LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (January 11, 2023).... Published 12 Jan, 2023 05:51am
IMF wants up to Rs7.50/unit power tariff raise Seeks increase to recover over Rs 700 billion from consumers as previous commitments made by the government were not met Updated 12 Jan, 2023 11:55am
Geneva pledges: PM vows 3rd party validation of spending ISLAMABAD: Prime Minister Shehbaz Sharif has said that the Geneva Conference for flood victims was a success as... Updated 12 Jan, 2023 08:49am
‘Wish list’ ready to be presented to UAE’s leadership ISLAMABAD: The government has reportedly prepared its “wish list” to be presented to UAE’s top brass during the... Updated 12 Jan, 2023 12:42pm
Budgetary targets: Govt to take fiscal measures set by IMF: Dar ISLAMABAD: Finance Minister Ishaq Dar said Monday that a discussion with the International Monetary Fund (IMF) in... Updated 12 Jan, 2023 09:50pm
‘Non-payment’ of KE’s outstanding amounts: Govt receives legal notice from two global groups ISLAMABAD: Pakistan has received legal notice from M/s Al-Jomaih Group of Saudi Arabia and the National Industrial... Updated 12 Jan, 2023 08:52am
KE’s tariff: Nepra approves Rs7.43 per unit negative adjustment ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved negative adjustment of Rs 7.43 per... Updated 12 Jan, 2023 08:50am
3 RLNG-based power plants: ECC reduces take-or-pay commitment to 33pc ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has reduced take-or-pay commitment to 33 per... Updated 12 Jan, 2023 08:52am
Elahi secures trust vote to PDM govt’s chagrin LAHORE: In a surprise move by Pakistan Tehreek-e-Insaf (PTI) and its allies, Punjab Chief Minister (CM) Pervaiz... Updated 12 Jan, 2023 08:49am
Seizure of uranium at Heathrow Airport: UK authorities have not shared any info: FO ISLAMABAD: The Foreign Office said on Wednesday that the British authorities have not officially shared any... Updated 12 Jan, 2023 10:53am
Privatisation: govt delists SME Bank ISLAMABAD: The government has delisted SME Bank from privatisation list as no bank is ready to acquire it due to its... Updated 12 Jan, 2023 08:53am
FBR starts virtual assessments of imported consignments ISLAMABAD: The Federal Board of Revenue (FBR) has started virtual assessments of imported consignments without... Published 12 Jan, 2023 05:51am
Pakistan: Economic Management Support: ADB’s IED rates tech assistance as successful, relevant ISLAMABAD: The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated technical... Published 12 Jan, 2023 05:51am
Income tax on salaried people: FBR identifies Rs28bn gap ISLAMABAD: The tax gap for income tax on salaried income is approximately Rs28 billion and non-salaried... Updated 12 Jan, 2023 10:43am
Next two years: WEF foresees 10 major risks ISLAMABAD: Pakistan may face digital vulnerability and cybersecurity, rapid inflation, debt crisis, possible state... Published 12 Jan, 2023 05:51am
NA body chief blames Dar, others for current economic crisis KARACHI: Chairman of the National Assembly Standing Committee on Finance Qaiser Sheikh on Wednesday held federal... Published 12 Jan, 2023 05:51am
Commodities Gold prices decline KARACHI: Gold prices on Wednesday slumped on the local market, traders said. The prices plummeted by Rs1800 to... Published 12 Jan, 2023 05:51am
Energy FY 2022-23: Ogra allows SNGPL, SSGCL to raise gas prices by over 74pc ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Wednesday recommended permitting two gas companies, the ... Published 12 Jan, 2023 05:51am
Energy Ogra makes installation of conical baffles mandatory in geysers ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has made the installation of conical baffles mandatory in... Published 12 Jan, 2023 05:51am
Energy Sepco asked to expedite electrification of Sukkur villages KARACHI: Sindh Energy Minister Imtiaz Shaikh on Wednesday directed the Sukkur Electric Supply Corporation (Sepco) to... Published 12 Jan, 2023 05:51am
Industry PBF exhorts govt, opposition to jointly formulate ‘charter of economy’ LAHORE: Pakistan Business Forum Lahore Chapter while criticising what it said, the non-serious attitude of the... Published 12 Jan, 2023 05:51am
Commodities ICE canola futures down on selling WINNIPEG, (Manitoba): ICE canola futures tumbled on Tuesday as the main contract dipped below key price levels and... Published 12 Jan, 2023 05:51am