News Archives for Print - 2023-02-01

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Print - 2023-02-01

Stocks

Easing inflation worries lift Wall Street ahead of Fed decision

NEW YORK: US stocks rose on Tuesday as labour cost data indicated that the Federal Reserve’s aggressive approach ...

Published 01 Feb, 2023 07:31am

Companies

Lucky Core Industries Ltd announces financial results

KARACHI: Following the meeting of the Board of Directors, Lucky Core Industries Limited announced its financial...

Published 01 Feb, 2023 07:29am

Stocks

European shares end lower but log January gain

PARIS: Europe’s STOXX 600 fell on Tuesday as investors geared up for a fresh round of interest rate hikes from top...

Published 01 Feb, 2023 07:26am

Money & Banking

Dollar pares gains on falling US labour costs

NEW YORK: The dollar gave up gains made earlier on Tuesday after data showed US labour costs increased less than...

Published 01 Feb, 2023 07:24am

Commodities

Gold set for third monthly rise on softer dollar

NEW YORK: Gold prices on Tuesday were on track for their third straight monthly gain, helped by an overall weaker...

Published 01 Feb, 2023 07:22am

Energy

Oil nears 3-week low then steadies on higher US demand

BENGALURU: Oil prices were steady on Tuesday after dropping close to a three-week low, drawing support from a...

Published 01 Feb, 2023 07:21am

Commodities

Copper edges higher but momentum drains from price rally

LONDON: Copper edged higher on Tuesday but an expected increase to US interest rates was helping to drain momentum...

Published 01 Feb, 2023 07:19am

Stocks

Most Gulf markets fall on lower oil prices

DUBAI: Most Gulf stock markets closed lower on Tuesday, as falling oil prices and expectations of an interest rate...

Published 01 Feb, 2023 07:18am

Cotton & Textile

Spot rate increased by Rs500 per maund

LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Tuesday increased the spot rate by Rs500...

Published 01 Feb, 2023 07:16am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 31, 2023)....

Published 01 Feb, 2023 07:15am

Commodities

PMEX daily trading report

KARACHI: On Monday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 21.672...

Published 01 Feb, 2023 07:14am

Energy

Gasoil margins extend losses

SINGAPORE: Asia’s 10 ppm sulphur gasoil margins extended losses for a second consecutive session, as cautious...

Published 01 Feb, 2023 07:13am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 145,123 tonnes of cargo comprising 108,530 tonnes of import cargo and 36,593...

Published 01 Feb, 2023 07:12am

Energy

US natgas drops on forecasts for milder weather

NEW YORK: US natural gas futures dropped about 5% to a 21-month low on Monday on forecasts for warmer weather and...

Published 01 Feb, 2023 07:10am

Grains

Indian wheat prices drop after Modi releases grain for flour millers

MUMBAI/NEW DELHI: Wheat prices in India, the world’s biggest consumer of the grain after China, have dropped ...

Published 01 Feb, 2023 07:09am

Commodities

Iron ore retreats as traders assess China demand

MANILA: Iron ore futures slipped on Tuesday, with the Dalian benchmark price pulling back from the previous...

Published 01 Feb, 2023 07:08am

Loan demand falls as higher interest rates bite: ECB

FRANKFURT: Demand for loans is falling in the eurozone as households and businesses grapple with higher borrowing...

Published 01 Feb, 2023 07:06am

Letters

‘Palestinians abandoned’

This is apropos a Business Recorder op-ed “Palestinians abandoned” carried by the newspaper yesterday. The...

Published 01 Feb, 2023 06:04am

Commodities

Palm oil drops 3pc as Indonesia keeps domestic sale rule

KUALA LUMPUR: Malaysian palm oil futures slid 3% on Tuesday, ending a three-day climb as Indonesia maintained its...

Published 01 Feb, 2023 05:58am

Terrorist attack: PM urges politicians to suspend ‘political fights’

ISLAMABAD: A day after deadly terrorist attack in Peshawar, Prime Minister Shehbaz Sharif on Tuesday urged all the...

Published 01 Feb, 2023 05:58am

KP CM forms JIT to probe horrendous Peshawar blast

PESHAWAR: Khyber Pakhtunkhwa caretaker Chief Minister Azam Khan has constituted a joint investigation team (JIT) to...

Published 01 Feb, 2023 05:58am

Death toll in Tanda Dam boat tragedy rises to 51

PESHAWAR: The death toll in Kohat’s Tanda Dam boat tragedy has risen to 51 as 21 more bodies of the seminary...

Published 01 Feb, 2023 05:58am

Caretaker CM visits PIMC

LAHORE: Caretaker Chief Minister of Punjab Mohsin Naqvi on Tuesday visited the Punjab Institute of Mental Health and...

Published 01 Feb, 2023 05:58am

Unlicensed third parties: PTA takes serious notice of providing illegal internet services

ISLAMABAD: Pakistan Telecommunication Authority (PTA) has taken serious note of providing illegal internet services...

Published 01 Feb, 2023 05:58am

After emerging as largest party in polls: PPP has right to post of Karachi mayor, says CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that the Pakistan People’s Party (PPP) has emerged as...

Published 01 Feb, 2023 05:58am

Rabbani asks why nation kept in dark about truce with TTP

ISLAMABAD: Treasury Senator and former chairman Senate Raza Rabbani has categorically demanded a parliamentary probe...

Published 01 Feb, 2023 05:58am

Post-arrest bail plea of Fawad Court rejects ECP’s request to adjourn hearing till tomorrow

ISLAMABAD: A local court on Tuesday rejected the Election Commission of Pakistan’s request to adjourn the hearing...

Published 01 Feb, 2023 05:58am

Ex-minister calls on Elahi

LAHORE: Former Interior Minister Brig Ejaz Shah (retd) called on former Chief Minister Punjab Chaudhry Pervaiz Elahi...

Published 01 Feb, 2023 05:58am

LHC seeks details of cases against PTI leaders

LAHORE: The Lahore High Court on Tuesday directed the Punjab police to furnish details of cases registered against...

Published 01 Feb, 2023 05:58am

Schism within PML-Q grows as ECP verdict goes in Shujaat’s favour

LAHORE: The internal differences within the ranks of the Pakistan Muslim League-Quaid (PML-Q) have further widened...

Published 01 Feb, 2023 05:58am

Peshawar blast: Punjab CM sends medical team

LAHORE: Announcing to dispatch medical teams to Peshawar to treat the Peshawar blast victims, Caretaker Chief...

Published 01 Feb, 2023 05:58am

Hamid Yasin elected as FUJ president unopposed

FAISALABAD: Faisalabad Union of Journalists (FUJ) elections for the year 2023-24 have been completed and all office...

Published 01 Feb, 2023 05:58am

Complaint Centre 1787: IGP suspends 4 SHOs, issues show-cause notices to several DSPs

LAHORE: Punjab Inspector General of Police (IGP) Dr Usman Anwar listened to the phone calls based on the complaints...

Published 01 Feb, 2023 05:58am

Terrorism a common problem that requires joint efforts, says Iranian diplomat

LAHORE: Consul General of Iran Mehran Movahedfar has said that tragic terrorism incident in Pakistan has underlined...

Published 01 Feb, 2023 05:58am

Europe

French mass protests challenge Macron over pensions plan

PARIS: French protesters launched a new push Tuesday to pressure President Emmanuel Macron into dropping a pension...

Published 01 Feb, 2023 05:58am

Biden rejects F-16s for Ukraine as Russia claims advances

WASHINGTON: President Joe Biden said Monday the United States would not provide F-16 fighter jets to Ukraine, as ...

Published 01 Feb, 2023 05:58am

SC returns pleas challenging Punjab CM’s appointment

ISLAMABAD: The Supreme Court on Tuesday returned the petitions seeking to declare the appointment of Mohsin Raza...

Published 01 Feb, 2023 05:58am

President upholds orders of ombudsman

ISLAMABAD: President Dr Arif Alvi has upheld the orders of the Federal Ombudsman for Protection against Harassment ...

Published 01 Feb, 2023 05:58am

President meets outgoing officials

ISLAMABAD: President Dr Arif Alvi was separately called on by the retiring cabinet secretary, Sardar Ahmad Nawaz...

Published 01 Feb, 2023 05:58am

PCB names selection committee for age-group trials

LAHORE: The Pakistan Cricket Board (PCB) has named an eight-member selection committee, which will conduct under-13,...

Published 01 Feb, 2023 05:58am

Pakistan for creating ‘pull factors’ in Afghanistan for its citizens

ISLAMABAD: Pakistan has called for creating “pull factors” in Afghanistan with a view to not only stopping the...

Published 01 Feb, 2023 05:58am

Japanese CG hands over medical equipment to Alkhidmat

KARACHI: Government of Japan has handed over medical equipment to Alkhidmat Foundation, Karachi Region, as part of...

Published 01 Feb, 2023 05:58am

International Women Leaders Summit held

KARACHI: The 11th annual International Women Leaders Summit was held here after a gap of two years, bringing ...

Published 01 Feb, 2023 05:58am

Birthright citizenship case: IHC seeks explanation from Nadra

ISLAMABAD: The Islamabad High Court (IHC) sought an explanation from the National Database and Registration ...

Published 01 Feb, 2023 05:58am

IBA organises Game Fest 2023

KARACHI: The School of Mathematics and Computer Science (SMCS) at the Institute of Business Administration (IBA),...

Published 01 Feb, 2023 05:58am

PTI leader requests court to record IK’s statement thru video link

LAHORE: Pakistan Tehreek-e-Insaf (PTI) leader Farrukh Habib has requested the court to take statements of PTI...

Published 01 Feb, 2023 05:58am

Literature

Book launched at AKU for public health officials across world

KARACHI: The Aga Khan University (AKU) has commemorated the publication of a new book entitled ‘Making Health...

Published 01 Feb, 2023 05:58am

BISP aims at forging financial resilience in women: Marri

ISLAMABAD: Federal Minister for Poverty Alleviation and Social Safety and Chairperson of the Benazir Income Support...

Published 01 Feb, 2023 05:58am

The Weather

KARACHI: The weather report on Tuesday (January 31, 2023) and the forecast for Wednesday (February 01, 2023)...

Published 01 Feb, 2023 05:58am

Rates

Stocks end on positive note

KARACHI: Pakistan Stock Exchange on Tuesday witnessed bullish trend and closed on strong positive note with healthy...

Updated 01 Feb, 2023 08:59pm

97 of the 100 were police personnel: Families seek loved ones after mosque blast kills 100

PESHAWAR: Distraught relatives thronged hospitals in Peshawar on Tuesday to look for their kin a day after a suicide...

Published 01 Feb, 2023 05:58am

Asif for national consensus

ISLAMABAD: With the increasing incidents of terror attacks in the country, especially the Monday’s ghastly suicide...

Published 01 Feb, 2023 05:58am

Toshakhana reference: Court to indict Imran on Feb 7

ISLAMABAD: A local court on Tuesday fixed February 7 for the indictment of former premier and Chairman Pakistan...

Published 01 Feb, 2023 05:58am

Paracetamol: govt to allow increase in price

ISLAMABAD: The government is all set to increase the price of paracetamol tablets on demand of manufacturers of...

Updated 01 Feb, 2023 09:24am

ECP decides to reinstate Shujaat as PML-Q president

ISLAMABAD: The Election Commission of Pakistan (ECP) on Tuesday decided to reinstate Chaudhry Shujaat Hussain as...

Published 01 Feb, 2023 05:58am

Russian ambassador meets IGP Islamabad

ISLAMABAD: The Ambassador of Russian Federation in Pakistan, Danila Ganich, along with his team visited the Safe ...

Published 01 Feb, 2023 05:58am

PARTLY FACETIOUS: The Man Who Shall Remain Nameless

“So what is the next folly under consideration?” “Folly as in a garden building or structure designed to...

Published 01 Feb, 2023 05:58am

Redefining Pakistan’s economy

This article is an effort on not only understanding the fundamental economic issues but also some tough but ...

Published 01 Feb, 2023 05:58am

Power system and blackouts

On January 23, 2023, another country-wide power breakdown hit the country; not the first time, but the first of the...

Published 01 Feb, 2023 05:58am

Politics, cash, fame: what motivates climate change deniers

Right-wing ideologues funded by fossil fuels, fame-seeking narcissists and doubt mongers monetising their content ...

Published 01 Feb, 2023 05:58am

Bangladesh’s textile exports increasing while Pakistan’s decreasing

Bangladesh is a large contributor to the global textile industry, with the RMG (ready-made garment) sector...

Updated 01 Feb, 2023 06:56am

Energy

Indian Oil Corp Q3 profit slumps on loss in fuel sales

BENGALURU: Indian Oil Corp Ltd (IOC), the country’s top refiner, reported a 92.4% fall in third-quarter profit on...

Published 01 Feb, 2023 05:58am

Rates

LME official prices

LONDON: The following were Monday official prices. ========================================= ALUMINIUM...

Published 01 Feb, 2023 05:58am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 31, 2023)...

Published 01 Feb, 2023 05:58am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (January 31, 2023). ======================================= Offset...

Published 01 Feb, 2023 05:58am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 31, 2023)....

Published 01 Feb, 2023 05:58am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (January 31, 2023). ======================== Open Bid...

Published 01 Feb, 2023 05:58am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (January 31, 2023)....

Published 01 Feb, 2023 05:58am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Tuesday (January 31, 2023)....

Published 01 Feb, 2023 05:58am

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 01 Feb, 2023 05:58am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Tuesday (January 31, 2023)....

Published 01 Feb, 2023 05:58am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 01 Feb, 2023 05:58am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (January 31, 2023). ==================================== BR...

Published 01 Feb, 2023 05:58am

Rates

BOARD MEETINGS

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

Published 01 Feb, 2023 05:58am

Rates

Dividend/Bonus Announcements

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

Published 01 Feb, 2023 05:58am

Stocks

Last date of renunciation/payment

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

Published 01 Feb, 2023 05:58am

Rates

Proposed right issues

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

Published 01 Feb, 2023 05:58am

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 01 Feb, 2023 05:58am

Rates

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Tuesday (January 31, 2023). ======================== OFFER PRICE...

Published 01 Feb, 2023 05:58am

Rates

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Tuesday (January 31, 2023). ======================== OFFER PRICE...

Published 01 Feb, 2023 05:58am

Rates

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Tuesday (January 31, 2023). ======================== OFFER PRICE...

Published 01 Feb, 2023 05:58am

Rates

EFU INCOME GROWTH FUND

KARACHI: EFU Income Growth Fund Rates on Tuesday (January 31, 2023). ======================== OFFER PRICE...

Published 01 Feb, 2023 05:58am

Rates

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Tuesday (January 31, 2023). ======================== OFFER PRICE 1,435.5611...

Published 01 Feb, 2023 05:58am

Rates

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Tuesday (January 31, 2023). ======================== OFFER PRICE...

Published 01 Feb, 2023 05:58am

Rates

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Tuesday (January 31, 2023). ======================== OFFER PRICE...

Published 01 Feb, 2023 05:58am

Rates

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Tuesday (January 31, 2023). ======================== OFFER PRICE...

Published 01 Feb, 2023 05:58am

Rates

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Tuesday (January 31, 2023). ======================== OFFER PRICE...

Published 01 Feb, 2023 05:58am

Rates

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Tuesday (January 31, 2023). ======================== OFFER PRICE...

Published 01 Feb, 2023 05:58am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (January 31, 2023). ========================== KIBOR...

Published 01 Feb, 2023 05:58am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Tuesday (January 31, 2023)....

Published 01 Feb, 2023 05:58am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 01 Feb, 2023 05:58am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (January...

Published 01 Feb, 2023 05:58am

Govt team tries to persuade IMF to unlock lending

Fund asks Pakistan to withdraw untargeted subsidies, reduce circular debt and meet petroleum levy

Updated 01 Feb, 2023 01:18pm

Fitch says PKR to further weaken

ISLAMABAD: The Pakistani rupee is expected to weaken further, particularly with the country’s balance of payments...

Updated 01 Feb, 2023 11:30am

Country braces for fuel shortages?

KARACHI: Pakistan could face a crunch in fuel supplies in February as banks have stopped financing and facilitating...

Updated 01 Feb, 2023 08:54am

IMF revises Pakistan’s GDP growth projections downward

Brings it down to 2% for 2023 in World Economic Outlook Update

Updated 01 Feb, 2023 01:26pm

Govt plans to convert Rs800bn PHL debt into public debt

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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