Shura Hamdard discusses ‘Decline of Ethics in the Politics of Pakistan’ KARACHI: The meeting of Shura Hamdard Karachi convened at the Hamdard Corporate Head Office to discuss the ... Published 01 Mar, 2023 07:32am
AJK govt notifies huge increase in FED on cigarettes ISLAMABAD: The Central Board of Revenue Azad Kashmir on Tuesday substantially raised Federal Excise Duty on... Published 01 Mar, 2023 07:30am
Money & Banking NBP’s strong performance with pre-tax profit of Rs62.7bn, 18.7pc up YoY with 36.2pc YoY growth, total assets reach Rs5.2trn KARACHI: The Board of Directors of National Bank of Pakistan (NBP) “the Bank” met to approve the annual ... Published 01 Mar, 2023 07:28am
Stocks Wall St set for February losses as rate fears grow NEW YORK: The benchmark S&P 500 slipped and the main US indexes were set for monthly losses on Tuesday as... Published 01 Mar, 2023 07:25am
Stocks European shares slip on sticky inflation fears PARIS: European shares slipped on Tuesday after data from France and Spain pointed to inflation being stickier than... Published 01 Mar, 2023 07:24am
Money & Banking Dollar little changed, but headed for 1st monthly gain since September NEW YORK: The dollar was flat to slightly lower against major currencies on Tuesday in choppy trading, after a round... Published 01 Mar, 2023 07:22am
Commodities Palm oil falls over 2pc on slow pace of exports KUALA LUMPUR: Malaysian palm oil futures extended early losses on Tuesday on lacklustre exports and rising... Published 01 Mar, 2023 07:22am
Commodities Copper rebounds as investors take profits LONDON: Copper prices extended a rebound on Tuesday as speculators adjusted positions on hopes for a demand revival... Published 01 Mar, 2023 07:20am
Energy Oil rebounds about 2pc on China growth hopes NEW YORK: Oil prices rose about 2% on Tuesday, erasing the previous session’s losses, as hopes for a strong... Published 01 Mar, 2023 07:19am
Stocks China stocks close higher HONG KONG: China stocks finished higher while Hong Kong shares declined on Tuesday, the last day of February, as... Published 01 Mar, 2023 07:18am
Wave of poison attacks on schoolgirls alarms Iranians DUBAI: Hundreds of Iranian girls in different schools have suffered “mild poison” attacks over recent months, ... Published 01 Mar, 2023 06:21am
Review of HBL PSL-8: Qalandars leading points table after winning four matches LAHORE: Cricket lovers in Pakistan and around the world have been treated with some exciting innings, fabulous ... Published 01 Mar, 2023 06:21am
Moroccans struggle to afford vegetables as Ramazan looms Shoppers inspect vegetables at a huge market in Sale, near the Moroccan capital Rabat, but exploding prices mean ... Published 01 Mar, 2023 06:21am
Future of the finance profession When preparing for my first-ever visit to Pakistan, three things came to mind as being of particularly important... Published 01 Mar, 2023 06:21am
Glencore sentenced to pay $700m in US after bribery guilty plea NEW YORK: A US judge on Tuesday ordered Glencore Plc to pay $700 million in connection with its guilty plea over a... Published 01 Mar, 2023 06:21am
Quake killed more than 50,000 in Turkey, Syria: revised toll BEIRUT: A devastating earthquake that struck Turkey and Syria killed more than 50,000 people, in a toll revised by... Published 01 Mar, 2023 06:21am
Europe Blinken promises US aid, support to Central Asia after Ukraine fears ASTANA (Kazakhstan): Secretary of State Antony Blinken on Tuesday promised US help for Central Asia to reduce the... Published 01 Mar, 2023 06:21am
Number of 3G, 4G users increased by 1.27m in Jan: PTA ISLAMABAD: The number of 3G and 4G users in Pakistan increased by 1.27 million from 121.54 million by end-December... Published 01 Mar, 2023 06:21am
Toshakhana case: Court issues non-bailable arrest warrants for IK ISLAMABAD: A local court on Tuesday issued non-bailable arrest warrants for Pakistan Tehreek-e-Insaf (PTI) chief... Published 01 Mar, 2023 06:21am
$5m flood emergency grant signed with ADB ISLAMABAD: The government of Pakistan and the Asian Development Bank (ADB) on Tuesday signed grant agreement of five... Published 01 Mar, 2023 06:21am
Industry Early closure of markets: APTMA North urges govt to hold talks LAHORE: Chairman All Pakistan Textile Mills Association (APTMA) North, Hamid Zaman, has urged the government to take... Published 01 Mar, 2023 06:21am
Bara tehsil of District Khyber: World Bank team visits different PCSP-financed sites ISLAMABAD: A senior delegation of the World Bank Pakistan led by the Country Director, Najy Benhassine, visited... Published 01 Mar, 2023 06:21am
Pakistan to strengthen relations with Kuwait: Hina ISLAMABAD: Minister of State for Foreign Affairs Hina Rabbani Khar on Tuesday said that Pakistan is determined to... Published 01 Mar, 2023 06:21am
PM inaugurates ‘School on Wheels and Mobile Bus’ project ISLAMABAD: Prime Minister Shehbaz Sharif inaugurated the “School on Wheels and Mobile Bus” project on Tuesday ... Published 01 Mar, 2023 06:21am
Schemes of NHSR ministry: Senate body conditionally approves 36 projects ISLAMABAD: The Senate Standing Committee on National Health Services and Regulations on Tuesday unanimously... Published 01 Mar, 2023 06:21am
Imran gets bail in ECP protests case ISLAMABAD: An anti-terrorism court in the federal capital on Tuesday granted interim bail to PTI chief Imran Khan in... Published 01 Mar, 2023 06:21am
BISP enhances quarterly stipend by Rs2,000 ISLAMABAD: Faced with scathing criticism over its alleged failure to take adequate measures for addressing the... Published 01 Mar, 2023 06:21am
Lesco CEO resigns LAHORE: Chief Executive Officer (CEO) of Lahore Electric Supply Company (Lesco) Ch Muhammad Amin resigned on Tuesday... Published 01 Mar, 2023 06:21am
PARTLY FACETIOUS: How has the Khan gained weight? “The case of the Two Tarars requires a revisit.” “The two Tarars? Reminds me of the two British comedians who... Published 01 Mar, 2023 06:21am
FIA registers case against Farah Gogi LAHORE: The Federal Investigation Agency (FIA) Lahore has registered a case against Farah Gogi, a close friend of... Published 01 Mar, 2023 06:21am
CM kicks off Rs3.1bn Akbar Chowk flyover project LAHORE: Punjab caretaker Chief Minister Syed Mohsin Naqvi on Tuesday laid the foundation stone of the Akbar Chowk... Published 01 Mar, 2023 06:21am
Lithium price slide deepens as China battery giant bets on cheaper inputs Rare discounts offered by Chinese battery giant CATL to automakers have accelerated a plunge in lithium prices, and... Published 01 Mar, 2023 06:21am
IMF conditionalities: fiscal reforms The International Monetary Fund (IMF) typically imposes a series of conditions on countries that receive financial... Published 01 Mar, 2023 06:21am
Power planning marred by myriad miscalculations EDITORIAL: According to a Business Recorder news item, the government has decided not to change the location of ... Published 01 Mar, 2023 06:21am
Letters Italy migrant boat disaster The United Nations Missing Migrants Project has registered more than 17,000 deaths and disappearances in the central... Published 01 Mar, 2023 06:21am
IIU president addresses orientation ceremony held for new students ISLAMABAD: Dr Hathal Homoud Alotaibi, President, International Islamic University addressed an enthralled audience ... Published 01 Mar, 2023 06:21am
Ziauddin University holds 17th session in series of dialogues KARACHI: “To bring about real change, there needs to be a shift in the general environment at home and work”,... Published 01 Mar, 2023 06:21am
Two Pakistanis accused of trafficking arrested CROTONE, (Italy): Italian authorities arrested three people and were looking for a fourth suspect who they believe... Published 01 Mar, 2023 06:21am
Vandalism at Judicial Complex: Islamabad police book Imran, other party members ISLAMABAD: The police on Tuesday booked Pakistan Tehreek-e-Insaf (PTI) chairman and former premier Imran Khan, party... Published 01 Mar, 2023 06:21am
‘Attempted murder’ case: IHC grants interim bail to Imran ISLAMABAD: The Islamabad High Court (IHC) on Tuesday granted an interim bail to Pakistan Tehreek-e-Insaf (PTI)... Published 01 Mar, 2023 06:21am
Youths of all provinces: Foreign employment opportunities to be distributed equally: minister ISLAMABAD: Federal Minister for Overseas Pakistanis and Human Resource Development Sajid Hussain Turi said on ... Published 01 Mar, 2023 06:21am
Alvi calls for promoting skills-based education ISLAMABAD: President Dr Arif Alvi has underscored the need for promoting skills-based and technical education in the... Published 01 Mar, 2023 06:21am
The Weather KARACHI: The weather report on Tuesday (February 28, 2023) and the forecast for Wednesday (March 01, 2023)... Published 01 Mar, 2023 06:21am
Stocks NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL) KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on ... Published 01 Mar, 2023 06:21am
Stocks Last date of renunciation/payment KARACHI: Last dates of renunciation/payment.... Published 01 Mar, 2023 06:21am
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 Mar, 2023 06:21am
Rates EFU TAKAFUL AGGRESSIVE FUND RATES KARACHI: EFU Takaful Aggressive Fund Rates on Tuesday (February 28, 2023). ======================== OFFER PRICE... Published 01 Mar, 2023 06:21am
Rates PSX remains under pressure KARACHI: Pakistan Stock Exchange on Tuesday remained under pressure due to an anticipated interest rate hike in the... Published 01 Mar, 2023 06:21am
Energy Bank finance for cleaner energy grows, but still lags fossil fuels LONDON: Banks gave 81 cents in financing support to low carbon energy supply for every dollar they provided to ... Published 01 Mar, 2023 06:21am
Energy US natgas futures jump NEW YORK: US natural gas futures jumped about 6% to a one-month high on Monday on forecasts for more demand this ... Published 01 Mar, 2023 06:21am
Energy VLSFO margin declines SINGAPORE: Asia’s refining margin for 0.5% very low sulphur fuel oil dropped over 30% in February compared to the... Published 01 Mar, 2023 06:21am
Energy Gasoil, jet fuel margins fall on weak fundamentals SINGAPORE: Asia’s 10 ppm sulphur gasoil and jet fuel margins fell for the second consecutive month as persistently... Published 01 Mar, 2023 06:21am
Rates Activities of Karachi Port and Port Qasim KARACHI: The Karachi Port Trust handled 114,695 tonnes of cargo comprising 65,392 tonnes of import cargo and 49,303... Published 01 Mar, 2023 06:21am
Energy Ogra increases prices of LPG cylinders ISLAMABAD: The Oil and Gas Regulatory Authority raised 4.3 percent or Rs12 per kg increase of both domestic and... Published 01 Mar, 2023 06:21am
Rates LME official prices LONDON: The following were Monday official prices. ========================================= ALUMINIUM... Published 01 Mar, 2023 06:21am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (February 28, 2023)... Published 01 Mar, 2023 06:21am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Tuesday (February 28, 2023). ======================================= Offset... Published 01 Mar, 2023 06:21am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 28, 2023).... Published 01 Mar, 2023 06:21am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Tuesday (February 28, 2023). ======================== Open Bid... Published 01 Mar, 2023 06:21am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (February 28, 2023).... Published 01 Mar, 2023 06:21am
Rates Revised Rates of Debt Securities KARACHI: The following were the revised rates of debt securities on Tuesday (February 28, 2023).... Published 01 Mar, 2023 06:21am
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 Mar, 2023 06:21am
Rates Member to Member KARACHI: The following transactions member to member subsequently reported on Tuesday (February 28, 2023).... Published 01 Mar, 2023 06:21am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (February 28, 2023). ==================================== BR... Published 01 Mar, 2023 06:21am
Rates BOARD MEETINGS KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange.... Published 01 Mar, 2023 06:21am
Rates Board meetings in progress KARACHI: Board Meetings in Progress of Companies listed on the Pakistan Stock Exchange.... Published 01 Mar, 2023 06:21am
Rates Dividend/Bonus Announcements KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.... Published 01 Mar, 2023 06:21am
Rates Proposed right issues KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange.... Published 01 Mar, 2023 06:21am
Rates EFU TAKAFUL CONSERVATIVE FUND RATES KARACHI: EFU Takaful Conservative Fund Rates on Tuesday (February 28, 2023). ======================== OFFER PRICE... Published 01 Mar, 2023 06:21am
Rates EFU TAKAFUL GROWTH FUND RATES KARACHI: EFU Takaful Growth Fund Rates on Tuesday (February 28, 2023). ======================== OFFER PRICE... Published 01 Mar, 2023 06:21am
Rates EFU INCOME GROWTH FUND KARACHI: EFU Income Growth Fund Rates on Tuesday (February 28, 2023). ======================== OFFER PRICE... Published 01 Mar, 2023 06:21am
Rates EFU AGGRESSIVE FUND RATES KARACHI: EFU Aggressive Fund Rates on Tuesday (February 28, 2023). ======================== OFFER PRICE ... Published 01 Mar, 2023 06:21am
Rates EFU GUARANTEED GROWTH FUND RATES KARACHI: EFU Guaranteed Growth Fund Rates on Tuesday (February 28, 2023). ======================== OFFER PRICE... Published 01 Mar, 2023 06:21am
Rates EFU Aitemad Growth Fund Rates KARACHI: EFU Aitemad Growth Fund Rates on Tuesday (February 28, 2023). ======================== OFFER PRICE... Published 01 Mar, 2023 06:21am
Rates EFU Capital Growth Fund Rates KARACHI: EFU Capital Growth Fund Rates on Tuesday (February 28, 2023). ======================== OFFER PRICE... Published 01 Mar, 2023 06:21am
Rates EFU Pension Growth Fund Rates KARACHI: EFU Pension Growth Fund Rates on Tuesday (February 28, 2023). ======================== OFFER PRICE... Published 01 Mar, 2023 06:21am
Rates EFU Managed Growth Fund Rates KARACHI: EFU Managed Growth Fund Rates on Tuesday (February 28, 2023). ======================== OFFER PRICE... Published 01 Mar, 2023 06:21am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Tuesday (February 28, 2023). ========================== KIBOR... Published 01 Mar, 2023 06:21am
Rates LIBOR interbank offered rates LONDON: London Interbank Offered Rates (LIBOR) on Tuesday (February 28, 2023).... Published 01 Mar, 2023 06:21am
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 Mar, 2023 06:21am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (February... Published 01 Mar, 2023 06:21am
Talks on power as hot season arrives early Prime Minister Shehbaz Sharif directs no load shedding should be done during Sehar and Iftar in Ramazan Updated 01 Mar, 2023 09:13am
Pakistan not on IMF board’s agenda? ISLAMABAD: The International Monetary Fund (IMF) Executive Board meeting scheduled for March 1 (today) will not... Updated 01 Mar, 2023 09:08am
MPC to meet tomorrow: Hike in policy rate on the cards? KARACHI: The SBP’s Monetary Policy Committee (MPC) meeting has preponed and now it will be held on March 02, 2023... Updated 01 Mar, 2023 09:10am
Power sector: IMF has concerns about next year’s circular debt: Dastgir ISLAMABAD: Minister for Power, Khurram Dastgir Khan said on Tuesday that International Monetary Fund (IMF) has... Updated 01 Mar, 2023 09:07am
MoF says inflation likely to remain high in coming months ISLAMABAD: Inflation is expected to remain high in the coming months around 28 to 30 percent consequent to uncertain... Updated 01 Mar, 2023 09:06am
All eyes on SC ruling on polls in KP, Punjab ISLAMABAD: The Supreme Court will announce the judgment on the delay in the holding of elections in the Punjab and... Updated 01 Mar, 2023 09:12am
Polls in two provinces: Govt authorises AGP to give ECP legal advice ISLAMABAD: The federal cabinet has authorized Attorney General for Pakistan (AGP) to offer legal assistance/ advice... Updated 01 Mar, 2023 09:08am
‘Advance to Deposit Ratio’: Higher rate of tax will not apply on banks for TY 2024 ISLAMABAD: The higher rate of tax for “Advance to Deposit Ratio” will not apply on banks for tax year 2024, ... Updated 01 Mar, 2023 09:05am
Petrol price reduced by Rs5; diesel’s remains unchanged ISLAMABAD: Federal government on Tuesday has announced to roll back per litre ex-depot price of petrol by Rs 5 per... Published 01 Mar, 2023 06:21am
Evacuating electricity from Thar: Nepra grills NTDC for not completing transmission lines ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday grilled National Transmission and ... Updated 01 Mar, 2023 09:09am
Negative adjustment in KE’s Q2 QTA: Positive adjustment in Jan FCAs of Discos, KE approved ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday approved positive adjustments in Fuel... Updated 01 Mar, 2023 09:05am
Moody’s lowers local, foreign currency issuer, unsecured debt ratings to Caa3 ISLAMABAD: Moody’s Investors Service (Moody’s) has downgraded the government of Pakistan’s local and foreign... Published 01 Mar, 2023 06:21am
Non-resident banking company: Profit on debt, capital gains from debt, debt instruments exempted from tax ISLAMABAD: The federal government has exempted profit on debt and capital gains from debt and debt instruments from... Published 01 Mar, 2023 06:21am
17pc tax applicable on mobile phones valuing above $200 ISLAMABAD: There is no change in sales tax regime of locally manufactured mobile phones and imported mobile phones... Updated 01 Mar, 2023 09:04am
Taxes Rs2bn shortfall in Feb collection ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs 525 billion in February 2023 against ... Published 01 Mar, 2023 06:21am
ADB renews resolve to help govt deal with economic challenges ISLAMABAD: A delegation of Executive Directors of the Asian Development Bank (ADB) of Japan, China and South Korea... Published 01 Mar, 2023 06:21am
Initial registration with FBR: Firms, AOPs to furnish details of beneficial owners ISLAMABAD: Every company and association of person (AOP) on its initial registration with Federal Board of Revenue... Published 01 Mar, 2023 06:21am
First half of financial year 2023: Inflationary pressures, rising electricity prices further impair KE’s recoveries, profitability KARACHI: Challenging socio-political and macroeconomic factors have had a cascading impact on multiple sectors... Published 01 Mar, 2023 06:21am
Taxes Despite orders, failure to impose penalties on officials irks FBR chief ISLAMABAD: The Federal Board of Revenue (FBR) chairman has taken serious notice of the instances where heads of ... Published 01 Mar, 2023 06:21am