News Archives for Print - 2023-02-05

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Print - 2023-02-05

Musk found not liable in Tesla tweet trial

SAN FRANCISCO: Jurors on Friday cleared Elon Musk of liability for investors’ losses in a fraud trial over his ...

Published 05 Feb, 2023 03:10am

The Weather

KARACHI: The weather report on Saturday (February 04, 2022) and the forecast for Sunday (February 05, 2022)....

Published 05 Feb, 2023 03:10am

Conference on economic issues: Increase in exports necessary to rejuvenate economy: Ahsan

LAHORE: Emphasizing the need for devising a robust mechanism to curtail the unnecessary expenditures and to enhance...

Published 05 Feb, 2023 03:10am

Three killed as house roof collapses

LAHORE: Three people were killed after the roof of a house collapsed due to a gas pipeline explosion in Lahore on...

Published 05 Feb, 2023 03:10am

Marri meets official in US: WB to augment aid to foster social protection strategies

ISLAMABAD: Federal Minister for Poverty Alleviation and Social Security, Shazia Marri held a meeting with Michal...

Published 05 Feb, 2023 03:10am

People of IIOJK want justice: Zardari

ISLAMABAD: Pakistan People’s Party Parliamentarians President, Asif Ali Zardari has said that the people of Indian...

Published 05 Feb, 2023 03:10am

Polls in KP: Imran has asked party to quickly finalise list of candidates: Qaiser

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader and ex-NA speaker Asad Qaiser on Saturday said that party chairman...

Published 05 Feb, 2023 03:10am

Meeting with Bangladeshi minister: Hina expresses desire for better trade ties with Bangladesh

ISLAMABAD: A Pakistani minister on Saturday expressed desire to strengthen economic, trade, and investment linkages,...

Published 05 Feb, 2023 03:10am

Pakistan’s support to Kashmiris’ freedom struggle reaffirmed

UNITED NATIONS: At the United Nations, Pakistan has reaffirmed its commitment to continue its support to the people...

Published 05 Feb, 2023 03:10am

Khar meets Sri Lankan president

ISLAMABAD: Minister of State Hina Rabbani Khar called on President of Sri Lanka Ranil Wickramasinghe in Colombo on...

Published 05 Feb, 2023 03:10am

Alkhidmat holds seminar to mark cancer awareness day

KARACHI: Healthcare experts on Saturday warned that tobacco consumption causes cancer mainly to the youth, saying...

Published 05 Feb, 2023 03:10am

ANP holds ‘peace rally’, condemns surge in terrorist attacks

PESHAWAR: Awami National Party (ANP) took out a peace rally outside the press club here on Saturday, condemning the...

Published 05 Feb, 2023 03:10am

Use of force against unarmed Kashmiris can’t crush their campaign: NA speaker

ISLAMABAD: Speaker National Assembly Raja Pervez Ashraf and Deputy Speaker Zahid Akram Durani have said that the...

Published 05 Feb, 2023 03:10am

CM vows to resolve issues of farmers, cultivators

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi in a meeting with a 50-member delegation of progressive ...

Published 05 Feb, 2023 03:10am

Fazl, Maryam meet PM to discuss current situation

LAHORE: Chief of his own faction of Jamiat Ulema-e-Islam and PDM Head Maulana Fazl Ur Rehman called on Prime ...

Published 05 Feb, 2023 03:10am

Money laundering: Hearing in case against Suleman adjourned till 11th

LAHORE: Hearing of the money laundering case against Suleman Shehbaz, younger son of Prime Minister Shehbaz Sharif,...

Published 05 Feb, 2023 03:10am

Avalanches in Austria, Switzerland kill five

VIENNA: Avalanches in Austria and Switzerland have left five people dead, leading officials to warn on Saturday of...

Published 05 Feb, 2023 03:10am

Energy

Iran signs $900m deal with local firm to develop Gulf gas field

DUBAI: Iran signed a $900 million contract on Saturday with Iranian Offshore Engineering and Construction Co (IOEC)...

Published 05 Feb, 2023 03:10am

PM should clarify his intentions behind inviting PTI to APC: Qureshi

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Shah Mahmood Qureshi has said that till today the party’s...

Published 05 Feb, 2023 03:10am

‘Kashmir Solidarity Day’ today

LAHORE: All is set to mark “Kashmir Solidarity Day” on Sunday (today) to express support to the just struggle of...

Updated 05 Feb, 2023 09:14am

Dar chairs meeting on role of PDFL, SOEs

ISLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a meeting on the role of...

Updated 05 Feb, 2023 09:14am

Foreign authorities seeking properties/bank accounts info: FBR won’t intimate concerned taxpayer about request

ISLAMABAD: The Federal Board of Revenue (FBR) will not intimate the concerned taxpayer about the request received...

Updated 05 Feb, 2023 05:36pm

Imran talks of ‘jail bharo’ movement soon

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan announced the “jail bharo” (voluntary arrest) movement on...

Updated 05 Feb, 2023 09:13am

IK says ‘some other people’ behind acts of vengeance

LAHORE: PTI Chairman Imran Khan said on Saturday that “some other people are behind the government’s vengeful...

Updated 05 Feb, 2023 09:13am

Marriyum steps up criticism of IK

ISLAMABAD: Minister for Information and Broadcasting, Marriyum Aurangzeb Saturday said the nation is facing...

Updated 05 Feb, 2023 09:13am

PM vows ‘zero tolerance’ to terrorism

Premier says religious scholars and political leaders have a fundamental role in creating national consensus against terrorism

Updated 05 Feb, 2023 09:10am

Section 144 imposed in Peshawar

PESHAWAR: Keeping in view the prevailing security situation, district administration here on Saturday imposed...

Updated 05 Feb, 2023 09:13am

Automart: car prices in Karachi

Rates in the week ended Saturday February 04, 2023

Published 05 Feb, 2023 03:10am

PM to address AJK Legislative Assembly today

Will express solidarity with the brave, zealous, and freedom-loving people of Kashmir on behalf of the government and the people of Pakistan

Updated 05 Feb, 2023 09:16am

WB board to consider $78m ‘digital economy’ project next month

ISLAMABAD: The World Bank’s Board of Executive Directors will consider the “Pakistan: Digital Economy Enhancement...

Updated 05 Feb, 2023 09:15am

Commodities

Iron ore retreats on China demand rethink, price curbs worry

MANILA: Dalian iron ore futures dipped on Friday, deepening weekly losses as traders reassessed demand prospects in...

Published 05 Feb, 2023 03:10am

Commodities

Japanese rubber futures up

SINGAPORE: Japanese rubber futures rose slightly on Friday, but were set for their first weekly drop in five as...

Published 05 Feb, 2023 03:10am

Commodities

ICE canola futures rise

WINNIPEG, (Manitoba): ICE canola futures rose on Friday after two days of losses, bucking a lower trend in soybean...

Published 05 Feb, 2023 03:10am

Cotton & Textile

Trading volume remains satisfactory on cotton market

LAHORE: The local cotton market on Saturday remained bullish and the trading volume remained satisfactory.Cotton...

Published 05 Feb, 2023 03:10am

Letters

‘Redefining Pakistan economy’

This is apropos a Business Recorder op-ed “Redefining Pakistan’s economy” carried by the newspaper on...

Published 05 Feb, 2023 03:10am

IMF and the ideal of accountability

The international lending agencies are often under criticism that they dole out loans to developing countries while...

Published 05 Feb, 2023 03:10am

Europe in crossfire of US-China economic rivalry

The economic confrontation between the United States and China has put Europe in the crossfire, with Washington’s...

Published 05 Feb, 2023 03:10am

Democrats ready to battle for Biden as he mulls ‘four more years’

President Joe Biden was welcomed at a conference of his Democratic Party on Friday with chants of “four more...

Published 05 Feb, 2023 03:10am

China’s mega-rich move their wealth, and partying, to Singapore

Singapore is seeing an influx of ultra-wealthy families from China looking to protect their wealth from a Communist...

Published 05 Feb, 2023 03:10am

Governor wants body of experts to suggest ways for improving agri output

LAHORE: Punjab Governor Baligh ur Rehman has directed to constitute a committee of experts having representation ...

Published 05 Feb, 2023 03:10am

Evidence required for just decision must be summoned, examined: LHC

LAHORE: The Lahore High Court held, “It is mandatory for the court to summon and examine the evidence if the same...

Published 05 Feb, 2023 03:10am

President for resolving J&K dispute in accordance with UNSC resolutions

ISLAMABAD: President Dr Arif Alvi has said that Pakistan consistently maintained that a lasting solution to the ...

Published 05 Feb, 2023 03:10am

2nd General Assembly in Riyadh today: 13 DCO member states to discuss strategic directions, initiatives for digital prosperity

ISLAMABAD: The Digital Cooperation Organisation (DCO) will host the 2nd General Assembly in Riyadh, Saudi Arabia on...

Published 05 Feb, 2023 03:10am

Pakistan blocks Wikipedia over ‘blasphemous content’

PTA had earlier in the week given Wikipedia a 48-hour ultimatum to remove material without publically specifying its exact objections

Updated 05 Feb, 2023 09:19am

PM directs PD to recover Rs1.13bn royalty amount from 2 oil, gas cos

Islamabad: Prime Minister Shehbaz Sharif has directed the Petroleum Division to recover an outstanding royalty...

Updated 05 Feb, 2023 09:15am

Rashid sent to jail

Local court Saturday sent former interior minister and AML chief Sheikh Rashid to jail on a 14-day judicial remand

Updated 05 Feb, 2023 09:18am

Cases registered in Karachi, Murree: Rashid moves IHC

A single bench of Justice Tariq Mehmood Jehangiri will take up the petition and application against the IHC Registrar Office’s objections on Monday

Updated 05 Feb, 2023 09:17am

ADA Awards ceremony held at Lahore fort

LAHORE: The only platform in Pakistan that recognizes and celebrates the Architecture, Design and Art (ADA) creative...

Published 05 Feb, 2023 03:10am

‘National consensus against terrorism’

EDITORIAL: Defence Minister Khwaja Asif is spot on that a national consensus is desperately needed as terrorism...

Published 05 Feb, 2023 03:10am

Strengthening human rights in Pakistan

EDITORIAL: Pakistan may not have a shining track record on human rights but is trying hard to make it better on such...

Published 05 Feb, 2023 03:10am

Taxes

Banks not sharing info about debit/credit machines with FBR?

LAHORE: Banks are said to be not sharing information in connection with debit/credit machines installed by them to...

Published 05 Feb, 2023 03:10am

Industry

FCCI president announces decision to donate land for SKH

FAISALABAD: President Faisalabad Chamber of Commerce & Industry (FCCI), Dr. Khurram Tariq has announced to ...

Published 05 Feb, 2023 03:10am

Secy promises to provide ambulance, fire tender to Hyderabad SITE body

Industry

Visit to offices of LCCI: Direct flights have increased trade tremendously: Azerbaijan envoy

LAHORE: Ambassador of Azerbaijan Khazar Farhadov said Azerbaijan has started direct flights from Lahore, Karachi and...

Published 05 Feb, 2023 03:10am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 15	280.63
USD PKR Interbank Buying / Apr 15	280.43
USD to Japanese Yen / Apr 15	143.15
USD to Swiss Franc / Apr 15	0.81
Pound Sterling to USD / Apr 15	1.32
Euro to USD / Apr 15	1.14
UK LIBOR % / Apr 14	4.96

Stock	Volume
S&P 500 / Apr 14	5,405.97
Nasdaq / Apr 14	16,831.48
Dow Jones / Apr 14	40,524.79
India Sensex / Apr 15	76,780.06
Tokyo Nikkei / Apr 15	34,267.54
Hang Seng / Apr 15	21,470.46
FTSE 100 / Apr 15	8,209.09
Germany DAX 30 / Apr 15	21,175.70
France CAC40 / Apr 15	7,263.20

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 14	16,785
Gold 10 Grams PKR / Apr 14	290,466
Petrol/Litre / Apr 15	254.63
Crude Oil USD/Barrel / Apr 15	61.77
Gold Spot USD/Ounce / Apr 15	3,224.76
Diesel/Litre / Apr 15	258.64
Cotton US¢/pound / Apr 15	65.75

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Apr 15 PICIC Insurance Limited(PIL)	2.93 ▲ 0.78 (36.28%)
Gulshan Sp. / Apr 15 Gulshan Spinning Mills Limited(GSPM)	3.79 ▲ 0.62 (19.56%)
Escorts Bank / Apr 15 Escorts Investment Bank Limited(ESBL)	6.59 ▲ 0.95 (16.84%)
Tariq Corp.Pref. / Apr 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.29 ▲ 0.79 (10.53%)
First Capital Equities / Apr 15 First Capital Equities Limited(FCEL)	4.97 ▲ 0.47 (10.44%)
Sanghar Sugar / Apr 15 Sanghar Sugar Mills Limited(SANSM)	55.51 ▲ 5.05 (10.01%)
Redco Textile / Apr 15 Redco Textiles Limited(REDCO)	25.27 ▲ 2.3 (10.01%)
Tariq Corporation / Apr 15 Tariq Corporation Limited(TCORP)	16.16 ▲ 1.47 (10.01%)
Gammon Pak / Apr 15 Gammon Pakistan Limited(GAMON)	25.60 ▲ 2.33 (10.01%)
Bawany Air Products / Apr 15 Bawany Air Products Limited(BAPL)	34.95 ▲ 3.18 (10.01%)

Stock	Price
Arpak Int. / Apr 15 Arpak International Investments Ltd.(ARPAK)	63 ▼ -7 (-10%)
Aisha Steel(ConPS) / Apr 15 Aisha Steel(ConPS)(ASLPS)	15.11 ▼ -1.51 (-9.09%)
LSE Capital / Apr 15 LSE Capital Limited(LSECL)	5 ▼ -0.5 (-9.09%)
Power Cem(Pref) / Apr 15 Power Cement (Pref)(POWERPS)	13.55 ▼ -1.28 (-8.63%)
First Tri-Star Mod. / Apr 15 First Tri-Star Modaraba(FTSM)	12.03 ▼ -1.04 (-7.96%)
Ruby Textile / Apr 15 Ruby Textile Mills Limited(RUBY)	7.20 ▼ -0.57 (-7.34%)
Philip Morris Pak. / Apr 15 Philip Morris (Pakistan) Limited(PMPK)	1,171 ▼ -90.48 (-7.17%)
Stylers International / Apr 15 Stylers International Limited(STYLERS)	39.30 ▼ -2.7 (-6.43%)
Calcorp Ltd / Apr 15 Calcorp Limited(CASH)	37 ▼ -2.52 (-6.38%)
Janana De Malucho / Apr 15 Janana De Malucho Textile Mills Limited(JDMT)	48.55 ▼ -3.3 (-6.36%)

Stock	Volume
Cnergyico PK / Apr 15 Cnergyico PK Limited(CNERGY)	55,091,076 ▼ -0.18
Pak Int.Bulk / Apr 15 Pakistan International Bulk Terminal(PIBTL)	45,232,730 ▼ -0.25
Sui South Gas / Apr 15 Sui Southern Gas Company Limited(SSGC)	31,842,819 ▼ -0.61
B.O.Punjab / Apr 15 The Bank of Punjab(BOP)	27,341,890 ▼ -0.14
TRG Pak Ltd / Apr 15 TRG Pakistan Limited(TRG)	21,450,408 ▲ 3.76
Dewan Cement / Apr 15 Dewan Cement Limited(DCL)	19,356,973 ▲ 0.22
Pak Elektron / Apr 15 Pak Elektron Limited(PAEL)	17,487,097 ▼ -0.32
Engro Powergen / Apr 15 Engro Powergen Qadirpur Limited(EPQL)	15,435,358 ▲ 0.53
Fauji Foods Ltd / Apr 15 Fauji Foods Limited(FFL)	15,345,048 ▲ 0.53
K-Electric Ltd. / Apr 15 K-Electric Limited(KEL)	13,886,346 ▼ -0.01

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