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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Automart: car prices in Karachi

Rates in the week ended Saturday February 04, 2023

Published 05 Feb, 2023 03:10am

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

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

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

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

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

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

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

‘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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Pakistan to appeal to Taliban leader over mosque bombing

ISLAMABAD: Islamabad will ask the secretive supreme leader of Afghanistan’s Taliban to rein in militants in Pakistan...

Updated 05 Feb, 2023 09:13am

ICCI concerned at ‘precarious’ forex situation

ISLAMABAD: Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) has said that...

Published 05 Feb, 2023 03:10am

14pc rise YoY: Jul-Jan: FBR pays Rs 208 billion refunds

ISLAMABAD: The Federal Board of Revenue (FBR) has paid refunds of Rs208 billion during July-January (2022-23) ...

Published 05 Feb, 2023 03:10am

Industry

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

HYDERABAD: Abdul Rasheed Solangi, Secretary, Industries and Commerce Department Government of Sindh, has visited...

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

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

Taxes

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 / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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