News Archives for Print - 2023-03-12

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Print - 2023-03-12

Iran says deal reached to buy Russian fighter jets

TEHRAN: Iran has finalised a deal to buy Sukhoi Su-35 fighter jets from Russia, state media reported, as defence...

Updated 12 Mar, 2023 09:57am

Two policemen killed in Sistan-Baluchistan

TEHRAN: Gunmen ambushed and killed two Iranian policemen on patrol in the restive southeastern province of...

Published 12 Mar, 2023 05:55am

Bomb attack kills guard, wounds journalists in Afghan north

MAZAR-I-SHARIF, (Afghanistan): A bomb blast in the northern Afghan city of Mazar-i-Sharif on Saturday killed a...

Published 12 Mar, 2023 05:55am

PML-N’s Sheikh Waqas Akram joins PTI

LAHORE: Former federal minister and Pakistan Muslim League-Nawaz (PML-N) leader Sheikh Waqas Akram along with his...

Published 12 Mar, 2023 05:55am

LHC asks govt to consider sick prisoner’s early release

LAHORE: The Lahore High Court has held that prisoners suffering from serious ailments and those who are old and...

Published 12 Mar, 2023 05:55am

PTI worker killed in police custody, claims Fawad

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Senior Vice President Fawad Chaudhry has rejected the caretaker Punjab...

Published 12 Mar, 2023 05:55am

SLLBC inks MoU with BVH Bahawalpur for cornea transplants

LAHORE: A memorandum of understanding was signed between Sri Lanka Lahore Business Council (SLLBC) and Bahawal...

Published 12 Mar, 2023 05:55am

Cricketer fined for breaching PSL Code of Conduct

LAHORE: Multan Sultans’ Khushdil Shah has been fined 10 percent of match fee for a level 1 breach of the HBL PSL...

Published 12 Mar, 2023 05:55am

Industry

Minister stresses need for consensus on economic revival

LAHORE: Emphasising the need for stability, unity and focus for an economic turnaround, Federal Minister for...

Published 12 Mar, 2023 05:55am

Budget deficit: PIAF calls for controlling govt expenditure, high cost of debt servicing

LAHORE: The Pakistan Industrial and Traders Association Front (PIAF) has called for keeping check on government...

Published 12 Mar, 2023 05:55am

Ban imposed by Pemra: LHC bench to proceed with Imran’s plea tomorrow

LAHORE: A division bench of the Lahore High Court (LHC) would proceed with a petition of PTI Chairman Imran Khan on...

Published 12 Mar, 2023 05:55am

6th international PATS competition concludes

RAWALPINDI: The 60-hour long arduous and rigorous 6th International Pakistan Army Team Spirit (PATS) Competition was...

Published 12 Mar, 2023 05:55am

‘Digital Pakistan’: Dr Imran Batada’s book launched at IoBM event

KARACHI: The book “Digital Pakistan” by Dr Imran Batada was launched at the Institute of Business Management...

Published 12 Mar, 2023 05:55am

CM, IG address press conference: PTI worker died in accident not due to police torture: CM

LAHORE: Terming as baseless the allegations being levelled against him on social media in connection with death of a...

Published 12 Mar, 2023 05:55am

Four killed in road mishap

VEHARI: At least four persons of a family were killed while six others sustained serious injuries in a road mishap....

Published 12 Mar, 2023 05:55am

Deferment of indictment in sedition case: Court rejects Gill’s plea, will frame charges on 22nd

ISLAMABAD: A local court, on Saturday, rejected Pakistan Tehreek-e-Insaf (PTI) leader Shahbaz Gill’s application...

Published 12 Mar, 2023 05:55am

General elections in Punjab: Swati concerned at ‘non-provision’ of nomination papers to PTI candidates

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Azam Swati on Saturday expressed concerns over non-provision of...

Published 12 Mar, 2023 05:55am

Data gathered by BR shows ICT witnesses rise in crimes

ISLAMABAD: A significant increase was seen in criminal cases in the capital, with 76 cases of auto theft, 63 mobile...

Published 12 Mar, 2023 05:55am

PDM to boycott NA by-polls in KP

PESHAWAR: The coalition government partners on Saturday announced that they would not participate in the ...

Published 12 Mar, 2023 05:55am

The Weather

KARACHI: The weather report on Saturday (March 11, 2023) and the forecast for Sunday (March 12, 2023)...

Published 12 Mar, 2023 05:55am

Social protection: World Bank’s $200m Punjab project makes little progress

ISLAMABAD: The World Bank “Punjab Human Capital Investment Project (PHCIP)” worth $200 million made limited...

Updated 12 Mar, 2023 09:58am

SS Sheet under PCT heading 7219.9090: FBR body rules against imposition of 20pc duty

ISLAMABAD: The customs classification committee of the Federal Board of Revenue (FBR) has declared that the...

Updated 12 Mar, 2023 09:55am

Revenue from corporate sector drops 30pc due to massive closures

LAHORE: Revenue generation from the corporate sector has dropped by 30 percent due to massive closures, particularly...

Updated 12 Mar, 2023 09:59am

Customs sets up cell to monitor sugar export

KARACHI: Pakistan Customs has established a special cell at the Port Qasim Collectorate to monitor the exports of...

Updated 12 Mar, 2023 09:59am

PCATP election results challenged in IHC

IHC urged to set aside the election results and order transparent re-polling

Updated 12 Mar, 2023 10:01am

CFAMM from tomorrow: Hina to undertake official visit to London

Minister of state will also hold meetings with participating leaders of other Commonwealth countries

Updated 12 Mar, 2023 10:02am

Weather turning hot in Sindh

Weather is likely to scorch plains in the province during the daytime

Updated 12 Mar, 2023 10:02am

Costly electricity to increase poverty: PDP chairman

KARACHI: Costly electricity would further spur poverty in Pakistan, making life miserable for tens of millions of...

Published 12 Mar, 2023 05:55am

Commodities

Gold prices go up

KARACHI: Gold on Saturday regained a sizeable value on the local market, traders said. Prices grew by Rs1200 to...

Published 12 Mar, 2023 05:55am

Educational standards being improved, says PM

LAHORE: Prime Minister Shehbaz Sharif said on Saturday that the federal government was improving the educational...

Published 12 Mar, 2023 05:55am

Shape up or ship out!

For the past few months, there has been significant concern and consternation over the possibility of a Pakistani...

Published 12 Mar, 2023 05:55am

Letters

‘The gloves are off’

This is apropos a Business Recorder editorial “The gloves are off” carried by the newspaper yesterday. First...

Published 12 Mar, 2023 05:55am

Commodities

Prices of essential kitchen items witness mixed trend

ISLAMABAD: The prices of essential kitchen items have witnessed a mixed trend during this week past against the...

Published 12 Mar, 2023 05:55am

Commodities

Raw sugar prices decline

LONDON: Raw sugar futures on the ICE fell on Friday, depressed by weakness in crude oil and many other commodity...

Published 12 Mar, 2023 05:55am

Energy

US oil & gas rig count falls for fourth week in a row

NEW YORK: U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fourth week in a ...

Published 12 Mar, 2023 05:55am

Commodities

Japanese rubber futures fall

SINGAPORE: Japanese rubber futures fell first weekly drop in three, as traders assessed a slowing growth rate in...

Published 12 Mar, 2023 05:55am

Energy

Asia Naphtha Gasoline markets end week in loss

NEW DELHI: Asia’s naphtha refining profit margin weakened by about 15% this week amid a decline in prices of...

Published 12 Mar, 2023 05:55am

Grains

Wheat set for fourth week of losses on Russia-Ukraine deal optimism

SINGAPORE: Chicago wheat lost more ground on Friday with the market poised for its fourth week of decline on growing...

Published 12 Mar, 2023 05:55am

Grains

Paris wheat slips again as Black Sea corridor seen holding

PARIS: Wheat eased on Friday to set a latest one-year low as expectations that a Black Sea shipping corridor from...

Published 12 Mar, 2023 05:55am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 11, 2023)....

Published 12 Mar, 2023 05:55am

Cotton & Textile

Cotton market remains steady

LAHORE: The local market on Saturday remained steady and the trading volume remained satisfactory. Cotton Analyst...

Published 12 Mar, 2023 05:55am

Grains

India’s rice rates fall on fewer buyers

NEW DELHI: India’s rice export prices extended their decline this week as demand from key importing countries...

Published 12 Mar, 2023 05:55am

Grains

Algeria issues tender to buy 50,000 tonnes soft milling wheat

HAMBURG: Algeria's state grains agency OAIC has issued an international tender to buy soft milling wheat to be...

Published 12 Mar, 2023 05:55am

Energy

India’s February fuel demand hits 24-year-high

NEW DELHI: India’s fuel demand hit its highest level in at least 24 years in February, data showed on Thursday,...

Published 12 Mar, 2023 05:55am

Commodities

Dalian iron ore rises as China enters peak construction season

BEIJING: Iron ore futures rose on Friday, with the Dalian benchmark price on track for a fifth consecutive weekly...

Published 12 Mar, 2023 05:55am

PM Shehbaz accuses Imran of creating hurdles to IMF bailout

Premier says creation of chaos on roads and anarchy is part of his agenda, aimed at fanning the fire of instability in the country

Updated 12 Mar, 2023 03:54pm

IK to lead Lahore rally today

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Saturday announced that he would lead a public rally...

Updated 12 Mar, 2023 09:51am

Bridge financing for digital census: ECC asks 4 ministries to surrender Rs12bn

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed four Ministries to surrender Rs 12...

Updated 12 Mar, 2023 09:51am

SBP informs Senate panel: Forex’s fall has led to 28.2pc PKR slump in FY23 so far

ISLAMABAD: The country’s foreign exchange reserves are at present below one month of imports. This led to an...

Updated 12 Mar, 2023 03:54pm

Nepra’s ‘inefficiency’ attracts the wrath of cabinet

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) reportedly came under fire at a meeting of the...

Updated 12 Mar, 2023 09:53am

LNG import: ECC may allow PLL to execute FA with Azeri firm

ISLAMABAD: The Economic Coordination Committee (ECC) may allow Pakistan LNG Limited (PLL) to execute a proposed...

Updated 12 Mar, 2023 09:54am

Pak-US energy security dialogue on 15th

ISLAMABAD: Pakistan and the United States will hold Energy Security Dialogue on 15 March 2023 in Islamabad. The US...

Updated 12 Mar, 2023 09:54am

PIDE’s first-ever EconFest held: Country needs to boost exports to $100bn in 5-8 years: minister

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal has said Pakistan needs ...

Published 12 Mar, 2023 05:55am

Companies

Pak-Qatar Takaful wins 12th ACSR Award

KARACHI: Pak-Qatar Takaful is awarded at the 12th Annual Corporate Social Responsibility Award in the category of...

Published 12 Mar, 2023 05:55am

Industry

PSQCA chief assures traders of early resolution of issues

KARACHI: Director General of Pakistan Standards & Quality Control Authority (PSQCA), Mir Ghulam Farooq Langove...

Published 12 Mar, 2023 05:55am

Taxes

Ignoring grounds of appeals tantamount to maladministration: FTO

ISLAMABAD: Federal Tax Ombudsman (FTO) has issued an important ruling that the act of non-consideration of all...

Published 12 Mar, 2023 05:55am

Industry

Shahzad made chairman of sub-committee on rice

LAHORE: Governor Punjab Engr Muhammad Baligh Ur Rehman has appointed Chairman of Pakistan Hi Tech Hybrid Seed...

Published 12 Mar, 2023 05:55am

Discontent in the ruling coalition

EDITORIAL: PPP (Pakistan People’s Party) Chairman Bilawal Bhutto’s warning that it would “become difficult”...

Published 12 Mar, 2023 05:55am

India’s obsession with policing social media

EDITORIAL: That India imposed by far the highest number of internet shutdowns in the world for each of the last five...

Published 12 Mar, 2023 05:55am

PM seeks reforms in agri sector

LAHORE: Expressing displeasure over the import of agri products despite having the status of agricultural country,...

Published 12 Mar, 2023 05:55am

Industry

Need underlined for building gender-inclusive digital economy

ISLAMABAD: The Women’s Council of SAARC Chamber of Commerce and Industry organized a conference focusing on...

Published 12 Mar, 2023 05:55am

Taxes

Achievement of revised target of Rs7.641trn: FBR chief asks Karachi taxmen to enforce additional taxation steps

ISLAMABAD: Federal Board of Revenue Chairman Asim Ahmad has directed the senior Inland Revenue officials of Karachi...

Published 12 Mar, 2023 05:55am

South Asia

MSCI ESG raters flag governance risks at embattled Adani Group

NEW YORK: MSCI ESG Research said on Friday it recently changed some of its environmental, social and governance...

Published 12 Mar, 2023 05:55am

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	155.74
USD to Swiss Franc / Jan 17	0.91
Pound Sterling to USD / Jan 17	1.22

Stock	Volume
S&P 500 / Jan 16	5,937.34
Nasdaq / Jan 16	19,338.29
Dow Jones / Jan 16	43,153.13
India Sensex / Jan 17	76,671.81
Tokyo Nikkei / Jan 17	38,451.46
Hang Seng / Jan 17	19,567.81
FTSE 100 / Jan 17	8,477.94
Germany DAX 30 / Jan 17	20,852.83

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 16	18,785
Gold 10 Grams PKR / Jan 16	241,941
Crude Oil USD/Barrel / Jan 17	79.09
Gold Spot USD/Ounce / Jan 17	2,713.02
Cotton US¢/pound / Jan 17	67.05
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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