News Archives for Print - 2023-03-19

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Print - 2023-03-19

Serbia, Kosovo leaders hold talks over EU peace plan

OHRID: Kosovo and Serbia leaders kicked off the latest round of EU-led talks Saturday, as the long-time rivals come...

Published 19 Mar, 2023 03:33am

Lahore Qalandars bag HBL-PSL-8 title

LAHORE: Defending champions Lahore Qalandars emerged winner of the HBL-PSL-8 after defeating Multan Sultans by just...

Published 19 Mar, 2023 03:33am

Colin Munro fined for violating PSL’s code of conduct

LAHORE: Islamabad United’s Colin Munro has been charged 10 per cent of his match fee for a level 1 breach of the...

Published 19 Mar, 2023 03:33am

Sindh governor inaugurates shopping ‘festival’

KARACHI: Sindh Governor Kamran Khan Tessori inaugurated the ‘Shop Ramazan Expo’ at the Karachi Expo Centre on...

Published 19 Mar, 2023 03:33am

PM lauds services of umpire Aleem Dar

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Saturday appreciated umpire Aleem Dar for his meritorious...

Published 19 Mar, 2023 03:33am

Resolution of political differences: SCBA calls upon stakeholders to hold talks

ISLAMABAD: The Supreme Court Bar Association (SCBA) has called upon all stakeholders to sit together and resolve...

Published 19 Mar, 2023 03:33am

Sherpao urges govt to provide relief to the poor during Ramazan

PESHAWAR: Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao on Saturday urged the government to take...

Published 19 Mar, 2023 03:33am

Maryam, Sanaullah ordered Zaman Park raid: Pervez Elahi

LAHORE: Pakistan Tehreek-e-Insaf (PTI) President Chaudhry Pervez Elahi has said that police operation in Zaman Park...

Published 19 Mar, 2023 03:33am

Capital city witness increase in incidents of car theft

ISLAMABAD: The capital city witnessed an alarming increase in incidents of car theft as car lifters stole or ...

Published 19 Mar, 2023 03:33am

PTI warns of protests against police action at Zaman Park

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Senior Vice President Fawad Chaudhry has condemned police operation at PTI...

Published 19 Mar, 2023 03:33am

IoBM holds launching ceremony for book of Ambassador Baluch

KARACHI: The Institute of Business Management (IoBM) held a book launching ceremony for “Duty to the...

Published 19 Mar, 2023 03:33am

Rangers assure NKATI of better law, order

KARACHI: Director General Pakistan Rangers Sindh, Major General Azhar Waqas has assured all possible cooperation to...

Published 19 Mar, 2023 03:33am

FWO holds workshop for miners

ISLAMABAD: Frontier Works Organization (FWO) has embarked upon an initiative for enabling the miners in far flung...

Published 19 Mar, 2023 03:33am

Lasbela chamber’s chief calls for setting up of ‘carbon exchange’

KARACHI: A Carbon Exchange to deposit the carbon credits the industries earn is a dire need for Pakistan, said ...

Published 19 Mar, 2023 03:33am

CEJ-IBA to hold digital news ‘ideathon’ on 20th

KARACHI: The Center for Excellence in Journalism at the Institute of Business Administration (CEJ-IBA), in...

Published 19 Mar, 2023 03:33am

Law of limitation: Govt dept cannot be treated differently from ordinary litigant: LHC

LAHORE: The Lahore High Court held that a government department could not be treated differently from ordinary...

Published 19 Mar, 2023 03:33am

ILMA varsity, Noman Group and FIA sign MoU

KARACHI: ILMA University, Noman Group of Companies & Federal Investigation Agency (FIA) inked MoU at a ceremony...

Published 19 Mar, 2023 03:33am

AKU celebrates Founder’s Day, 40th anniversary

KARACHI: The Aga Khan University on Saturday celebrated the graduation of the Class of 2022, its first-ever...

Published 19 Mar, 2023 03:33am

IK bent upon creating chaos, destroying economy: minister

LAHORE: Holding the PTI Chairman responsible for soaring inflation, bad economic situation, unemployment of the ...

Published 19 Mar, 2023 03:33am

Saad, Dar discuss important issues

LAHORE: Minister for Aviation and Railways Khawaja Saad Rafique called on Minister for Finance and Revenue Senator...

Published 19 Mar, 2023 03:33am

Political parties urged to resolve differences over polls thru talks

LAHORE: Over a hundred leading civil society organizations, bar councils, human rights bodies, journalists, editors,...

Published 19 Mar, 2023 03:33am

The Weather

KARACHI: The weather report on Saturday (March 18, 2023) and the forecast for Sunday (March 19, 2023)...

Published 19 Mar, 2023 03:33am

SBP abolishes lower range of MDR for POS

KARACHI: The State Bank of Pakistan (SBP) has announced to abolish the lower range of Merchant Discount Rate (MDR),...

Updated 19 Mar, 2023 09:45am

Energy

Dastgir will lay foundation for grid station tomorrow

ISLAMABAD: Minister for Power Division Engineer Khurram Dastgir will lay foundation of 765/220 kV grid station...

Published 19 Mar, 2023 03:33am

Finance Act challenged: Taxpayers pay Rs3bn court fees for 6,000 petitions against FBR

ISLAMABAD: Taxpayers have paid huge amounts of Rs2.5 billion to Rs3 billion as fees for filing 6,000 petitions in...

Updated 19 Mar, 2023 09:45am

Three terrorists killed in South Awaran IBO: ISPR

Terrorists were linked with firing and improvised explosive devices incidents along Turbat Awaran Road and surrounding areas, ISPR says

Updated 19 Mar, 2023 09:47am

PDM govt’s ‘illegal’ actions against IK: Umar urges CJP to take suo motu notice

Umar maintains the IHC had barred the police from arresting Imran Khan in the Toshakhana case and LHC prohibited his arrest in nine cases

Updated 19 Mar, 2023 09:49am

Police urged to take ICCI on board regarding security situation

President of ICCI says a secure and peaceful environment is a key requirement to promote business and investment activities

Updated 19 Mar, 2023 09:50am

Aitzaz assails police operation in Zaman Park

LAHORE: Barrister Aitzaz Ahsan has condemned police operation in Zaman Park, alleged torture of political workers,...

Published 19 Mar, 2023 03:33am

Balochistan CM grieved over deadly Awaran incident

QUETTA: Balochistan Chief Minister Mir Abdul Quddus Bizenjo on Saturday expressed grief and sorrow over the loss of...

Published 19 Mar, 2023 03:33am

Ashiana-i-Iqbal reference: Court adjourns hearing till 25th

LAHORE: Getting their statements recorded before an Accountability Court in a reference against Prime Minister Mian...

Published 19 Mar, 2023 03:33am

Yasmin Rashid moves LHC against ‘harassment by police’

LAHORE: PTI’s Punjab chief Dr Yasmin Rashid has approached the Lahore High Court against the alleged harassment by...

Published 19 Mar, 2023 03:33am

Passing-out ceremony of rescuers: Minister floats idea of ‘Rescue Pakistan’ service

LAHORE: Federal Minister for Economic Affairs Sardar Ayaz Sadiq said on Saturday that there should be a single ...

Published 19 Mar, 2023 03:33am

‘PGMI being recognised for quality of training programmes’

LAHORE: The Postgraduate Medical Institute (PGMI) and Lahore General Hospital (LGH) have the honour of imparting...

Published 19 Mar, 2023 03:33am

Search operation at Imran’s residence: PTI moves IHC, seeks contempt proceedings against police

LAHORE: The Pakistan Tehreek-i-Insaf on Saturday approached the Lahore High Court and sought contempt proceedings...

Published 19 Mar, 2023 03:33am

Maryam refuses to describe IK as political leader, PTI as party

LAHORE: Senior Vice President and Chief Organiser of the PML-N Maryam Nawaz said on Saturday that calling the PTI a...

Published 19 Mar, 2023 03:33am

PTI leader Shibli hospitalised

ISLAMABAD: Senator Shibli Faraz, the chief of staff to chairman of Pakistan Tehreek-e-Insaf (PTI), was hospitalised...

Published 19 Mar, 2023 03:33am

PPP raises questions about judiciary’s treatment of Imran

ISLAMABAD: The Pakistan People’s Party (PPP) has expressed amazement at the fact that an accused person himself ...

Published 19 Mar, 2023 03:33am

Rs160m agreement signed for mausoleum’s extension

LAHORE: An agreement for extension of the mausoleum of Hazrat Data Gunj Bakhsh (RA) with the cooperation of Madina...

Published 19 Mar, 2023 03:33am

Commodities

Black Sea grain deal extended, say parties to agreement

ANKARA: A deal allowing the export of Ukrainian grain from Black Sea ports that was due to expire on Saturday has...

Published 19 Mar, 2023 03:33am

Prosperity: criticality of private sector

“The difficulty lies, not in the new ideas, but in escaping from the old ones.” - John Maynard Keynes Innovation is...

Published 19 Mar, 2023 03:33am

Letters

Delay is deadliest form of denial

This is apropos a Business Recorder editorial “IMF: delay deadliest form of denial?” carried by the newspaper...

Published 19 Mar, 2023 03:33am

Commodities

Gold prices post huge gains

KARACHI: Gold prices on Saturday posted gigantic gains on the local market, traders said. The rate shot up by...

Published 19 Mar, 2023 03:33am

Commodities

Prices of essential kitchen items show rising trend

ISLAMABAD: The prices of essential kitchen items have witnessed an increasing trend during this week past against ...

Published 19 Mar, 2023 03:33am

Commodities

Paris wheat drifts lower

PARIS: Euronext wheat fell for a second day on Friday as participants expected a wartime export corridor from ...

Published 19 Mar, 2023 03:33am

Commodities

CBOT wheat futures close higher

CHICAGO: Chicago Board of Trade wheat futures closed higher on Friday, marking weekly gains for the first time in...

Published 19 Mar, 2023 03:33am

Commodities

Iron ore rises amid cautious trade

MANILA: Dalian and Singapore iron ore futures were slightly up on Friday as concerns over a brewing banking turmoil...

Published 19 Mar, 2023 03:33am

Energy

Gasoil, jet fuel cracks up

SINGAPORE: Asia’s 10-ppm sulphur gasoil margins firmed by almost 15% on week, completely erasing early-week ...

Published 19 Mar, 2023 03:33am

Commodities

Japanese rubber futures rise

SINGAPORE: Japanese rubber futures rose for the first time in 11 days on Friday, as governments sought to bolster...

Published 19 Mar, 2023 03:33am

Energy

US natgas dips on forecasts for lower heating demand

NEW YORK: US natural gas futures dipped more than 5% on Friday to their lowest since late-February on expectations...

Published 19 Mar, 2023 03:33am

Commodities

ICE canola slips

CHICAGO: ICE Canada canola futures ended lower on Friday in sympathy with declines in global oilseed markets...

Published 19 Mar, 2023 03:33am

Energy

VLSFO cash premium posts weekly gain

NEW DELHI: Spot premiums for Asia’s very low sulphur fuel oil (VLSFO) rose by about 16% this week, as inventories...

Published 19 Mar, 2023 03:33am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 18, 2023)....

Published 19 Mar, 2023 03:33am

Cotton & Textile

Dullness continues on cotton market

LAHORE: The local cotton market on Saturday remained dull and the trading volume remained very low. Cotton Analyst...

Published 19 Mar, 2023 03:33am

68.29pc negative growth YoY: Mobile phones worth $447.855m imported in 8 months

ISLAMABAD: Pakistan imported mobile phones worth $447.855 million during the first eight months (July-January) of...

Updated 19 Mar, 2023 09:45am

Ramazan special package: Free wheat flour for the Faisalabad poor through 240 points

FAISALABAD: Under the Ramadan special package of the caretaker government of Punjab, 240 points are being ...

Updated 19 Mar, 2023 09:44am

‘PM’s Ramazan Package’ announced

ISLAMABAD: For the first time in the country, a ‘Ramazan Package’ by the Prime Minister was launched here on...

Updated 19 Mar, 2023 09:44am

Cotton: huge output shortfall projected

Cotton production will be merely 4.78 million bales against the target of 09 million bales due to damage by the floods and decline in the area

Updated 19 Mar, 2023 12:20pm

ECB hawks press case for more rate hikes to fight dogged inflation

FRANKFURT: The European Central Bank (ECB) will likely need to raise interest rates further to tame persistent...

Published 19 Mar, 2023 03:33am

KE seeks Rs1.66/unit positive adjustment in Feb FCA

ISLAMABAD: K-Electric has sought a positive adjustment of Rs 1.66 per unit in FCA for February under the monthly...

Updated 19 Mar, 2023 09:44am

Revised classifications: Kapco seeks provincial tariff till PPA renewal

ISLAMABAD: Kot Addu Power Company (Kapco) has filed an application with National Electric Power Regulatory Authority...

Updated 19 Mar, 2023 09:45am

All institutions responsible for writ of govt: Marriyum

LAHORE: Minister for Information and Broadcasting Marriyum Aurangzeb said on Saturday that all state institutions...

Updated 19 Mar, 2023 09:45am

PM makes comment on Imran’s ‘antics’

ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday said that if anyone had any doubt, Pakistan Tehreek-e-Insaf...

Updated 19 Mar, 2023 09:45am

Toshakhana case: IK’s non-bailable arrest warrants cancelled

ISLAMABAD: After day-long clashes between police and Pakistan Tehreek-e-Insaf (PTI) workers outside the Federal...

Updated 19 Mar, 2023 09:44am

Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis

LONDON: Goldman Sachs has cut its recommendation on exposure to European bank debt to neutral from overweight, ...

Published 19 Mar, 2023 03:33am

Taxes

Tax matters: Appellate Tribunal is final forum for determination of facts: SC

ISLAMABAD: The Supreme Court held that the Appellate Tribunal is the final forum for the determinations of the facts...

Published 19 Mar, 2023 03:33am

Tense hostility, but for how long?

EDITORIAL: The Pakistan government has expressed serious concerns about the safety and security of the Pakistani...

Published 19 Mar, 2023 03:33am

Uncertainty about polls

EDITORIAL: With the benefit or wisdom of hindsight, the PTI (Pakistan Tehrik-e-Insaf) leadership must have realized...

Published 19 Mar, 2023 03:33am

Industry

FPCCI flays govt for failing to secure concessional loans

KARACHI: Irfan Iqbal Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...

Published 19 Mar, 2023 03:33am

Industry

KCCI members advised to renew membership by 31st

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, in a statement issued,...

Published 19 Mar, 2023 03:33am

Industry

Zafar Mahmood made LCCI acting president

LAHORE: The LCCI Senior Vice President Zafar Mahmood Chaudhry will perform as the Acting President of the Lahore...

Published 19 Mar, 2023 03:33am

Inclusive economic growth, trade and investment high priorities for US: Blome

ISLAMABAD: United States Ambassador to Pakistan, Donald Blome Saturday said that promoting inclusive economic growth...

Published 19 Mar, 2023 03:33am

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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