News Archives for Print - 2023-04-15

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Print - 2023-04-15

Adoption of AI: Task force formed to develop 10-year roadmap

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal has formed a 15-member...

Published 15 Apr, 2023 07:27am

SCBA condemns ‘attack’ on residence of lawyer

ISLAMABAD: The Supreme Court Bar Association (SCBA) strongly condemned attack on the residence of prominent lawyer...

Published 15 Apr, 2023 07:22am

Gandapur given into transit police remand

ISLAMABAD: A local court granted two-day transit remand of Pakistan Tehreek-e-Insaf (PTI) leader Ali Amin Gandapur ...

Published 15 Apr, 2023 07:18am

Solar eclipse on 20th

KARACHI: A total solar eclipse is set to happen on April 20, 2023 but will not be visible in Pakistan, the Met ...

Published 15 Apr, 2023 07:16am

Fissures in judiciary will be a tragedy for country: IK

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said on Friday that the division among the top court...

Published 15 Apr, 2023 07:14am

SJC: Lahore-based lawyer files complaint against 8 SC judges

ISLAMABAD: A complaint has been filed before the Supreme Judicial Council (SJC) against eight judges of the Supreme...

Published 15 Apr, 2023 07:12am

NBP continues to play role in agri sector development

KARACHI: National Bank of Pakistan (NBP) launched a new low markup rate agricultural loan program to support the...

Published 15 Apr, 2023 07:09am

Energy

FCA of KE for Feb: Nepra approves 58 paisa per unit positive adjustment

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved positive adjustment of paisa 58 per...

Published 15 Apr, 2023 07:05am

Taxes

Remaining period of 2022-23: FBR can overcome shortfall through recovery steps: FTO

ISLAMABAD: The Federal Tax Ombudsman (FTO) on Friday strongly recommended the Federal Board of Revenue (FBR) to...

Published 15 Apr, 2023 06:58am

PepsiCo, Akhuwat distribute free rations

ISLAMABAD: PepsiCo Pakistan on Friday launched a nationwide Ramazan initiative “Filling Hearts, Outside the Box”...

Published 15 Apr, 2023 06:19am

The Weather

KARACHI: The weather report on Friday (April 14, 2023) and the forecast for Saturday (April 15, 2023)...

Published 15 Apr, 2023 06:19am

NUST, BUU ink multi-pronged agreement

BURSA/ISLAMABAD: The National University of Sciences & Technology (NUST-Pakistan) has signed a multi-pronged...

Published 15 Apr, 2023 06:19am

Banking customers cautioned against fraudsters

KARACHI: The Banking Mohtasib Pakistan, Muhammad Kamran Shehzad has cautioned the banking customers to be aware of...

Published 15 Apr, 2023 06:19am

OGDCL distributes ration bags worth Rs100m

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), under its Corporate Social Responsibility (CSR) program,...

Published 15 Apr, 2023 06:19am

Gen Bajwa had threatened to impose martial law: Zardari

ISLAMABAD: Former president Asif Ali Zardari Friday said all political parties must sit together and evolve a...

Published 15 Apr, 2023 06:19am

Pakistan Shaheens: Pacer Ali replaces Umar

LAHORE: Pakistan Shaheens’ Muhammad Umar has been ruled out of the upcoming Zimbabwe tour due to a knee injury and...

Published 15 Apr, 2023 06:19am

US airman charged over documents leak

BOSTON: A 21-year-old US national guardsman was charged with leaking a trove of classified United States government...

Published 15 Apr, 2023 06:19am

Energy

OGDCL, PARCO ink MoU on new projects

ISLAMABAD: Oil & Gas Development Company Limited (OGDCL) and PARCO ink an MoU for new projects, as part of...

Published 15 Apr, 2023 06:19am

Cotton & Textile

Cotton market remains bullish

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

Published 15 Apr, 2023 06:19am

Commodities

Gold, silver prices at new highs

KARACHI: Gold and silver prices on Friday touched all-time highs on the local market, traders said. Gold prices...

Published 15 Apr, 2023 06:19am

Letters

‘Resilience, helplessness or loss of trust?’

This is apropos a Business Recorder op-ed ‘Resilience, helplessness or loss of trust?’ carried by the newspaper...

Published 15 Apr, 2023 06:19am

The plight of a female elephant

Noor Jehan is sick to the extent that there is a fifty-fifty chance of her survival. No I am not referring to some...

Updated 15 Apr, 2023 07:39am

Shift away from USD picking up the pace

The mighty US dollar that reigned supreme for several decades is witnessing a challenge to its dominance. There is a...

Updated 15 Apr, 2023 07:33am

Healthcare and education sectors: ‘SBP podcast highlights overseas Pakistanis’ role’

KARACHI: The latest episode of SBP Podcast series discussed the challenges faced by Pakistan in the healthcare and...

Published 15 Apr, 2023 06:19am

PARTLY FACETIOUS: We don’t need more than four pillars

“About that antique eight-seater bench of yours with the mother of all pearls inlaid…” “I told you mother of...

Published 15 Apr, 2023 06:19am

CM reviews jail reforms: Proposals to conduct trials of prisoners through video links discussed

LAHORE: With a focus on the proposal of conducting trials of prisoners through video links, Caretaker Chief Minister...

Updated 15 Apr, 2023 06:39am

Wheat procurement drive launched

FAISALABAD: Commissioner Silwat Saeed and Deputy Commissioner Ali Anan Qamar inaugurated the wheat procurement drive...

Published 15 Apr, 2023 06:19am

Energy

Minister reviews new, ongoing energy schemes

LAHORE: Caretaker Provincial Minister for Industries, Trade and Energy SM Tanveer chaired a meeting at the Energy...

Published 15 Apr, 2023 06:19am

ACE Punjab summons Buzdar in another case on 17th

LAHORE: The Anti-Corruption Establishment (ACE) Punjab has initiated another inquiry against the former Punjab Chief...

Updated 15 Apr, 2023 06:39am

Prof Masood Sadiq appointed VC of UCHS

LAHORE: Governor Punjab Muhammad Balighur Rehman has accorded approval to appointments and nominations against...

Published 15 Apr, 2023 06:19am

Khana-e-Farhang observes Al-Quds Day

LAHORE: A ceremony was organized on Friday at Khana-e-Farhang Iran in connection with Al-Quds Day under the auspices...

Published 15 Apr, 2023 06:19am

UVAS, UMK hold online meeting on promotion of linkages

LAHORE: The University of Veterinary and Animal Sciences (UVAS) Lahore arranged online meeting with University...

Published 15 Apr, 2023 06:19am

Energy

FESCO issues transformers to all 5 circles

FAISALABAD: Faisalabad Electric Supply Company (FESCO) has issued 62 transformers of 100KVA and 23 transformers of...

Published 15 Apr, 2023 06:19am

ILF lawyers, PTI leaders stage a protest outside apex court

ISLAMABAD: A large number of lawyers belonging to Insaf Lawyers’ Forum (ILF) along with some senior leaders of...

Updated 15 Apr, 2023 07:01am

Toshakhana case inquiry: Imran not cooperating at all, NAB tells high court

ISLAMABAD: The National Accountability Bureau (NAB) on Friday informed the Islamabad High Court (IHC) that Chairman...

Published 15 Apr, 2023 06:19am

StanChart hosts Iftaar for children of ‘HOPE’

KARACHI: Standard Chartered Bank (Pakistan) Limited in continuation of its resourceful initiatives for empowerment,...

Published 15 Apr, 2023 06:19am

Journalists’ Colony Lahore: Caretaker govt decides to give alternative plots to affected journalists

LAHORE: In a journalist-friendly action, the Punjab government has decided to give alternative plots to the...

Published 15 Apr, 2023 06:19am

SC refutes altercation rumours

ISLAMABAD: The Supreme Court refuted the news report regarding an altercation and scuffle between the judges of the...

Published 15 Apr, 2023 06:19am

BISP budget increased 70.12pc to Rs400bn

ISLAMABAD: The government Friday announced that the budget for the Benazir Income Support Program (BISP) was...

Published 15 Apr, 2023 06:19am

Military leadership briefs MNAs about security situation in camera

ISLAMABAD: Chief of Army Staff General Syed Asim Munir on Friday informed the in-camera session of National Assembly...

Published 15 Apr, 2023 06:19am

Stocks

Wall Street mixed as data offsets bank earnings cheer

NEW YORK: US stock indexes were mixed on Friday morning as weak retail sales data for March suggested the economy ...

Published 15 Apr, 2023 06:19am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (April 14,...

Published 15 Apr, 2023 06:19am

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 15 Apr, 2023 06:19am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Friday (April 14, 2023)....

Published 15 Apr, 2023 06:19am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (April 14, 2023). ========================== KIBOR...

Published 15 Apr, 2023 06:19am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (April 14, 2023)....

Published 15 Apr, 2023 06:19am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (April 14, 2023)....

Published 15 Apr, 2023 06:19am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (April 14, 2023). ======================== Open Bid Rs...

Published 15 Apr, 2023 06:19am

Stocks

UAE markets gain as Fed rate hike pause seen

DUBAI: Stock markets in the United Arab Emirates ended higher on Friday on speculation the Federal Reserve is ...

Published 15 Apr, 2023 06:19am

Commodities

India’s March palm oil imports rise

BENGALURU: India’s palm oil imports in March rose about 24% from the previous month to 728,530 tonnes, a trade ...

Published 15 Apr, 2023 06:19am

Stocks

Tokyo stocks recover from losses to end higher

TOKYO: Tokyo stocks ended higher on Thursday, rebounding from earlier losses triggered by US Federal Reserve minutes...

Published 15 Apr, 2023 06:19am

Commodities

Corn higher, wheat back up after three-week low

MEXICO CITY: Chicago corn futures climbed on Friday amid demand from ethanol producers, while wheat bounced back ...

Published 15 Apr, 2023 06:19am

Energy

OPEC cites risks to summer oil outlook as backdrop to shock cut

LONDON: OPEC on Thursday flagged downside risks to summer oil demand as part of the backdrop to output cuts ...

Published 15 Apr, 2023 06:19am

Rates

LME official prices

LONDON: The following were Thursday official prices. ========================================= ALUMINIUM...

Published 15 Apr, 2023 06:19am

Elections to Punjab, KP assemblies: SC asks SBP to release Rs21bn

ISLAMABAD: The Supreme Court, on Friday, directed the State Bank of Pakistan (SBP) to allocate Rs21 billion for...

Updated 15 Apr, 2023 08:52am

EPO 2022 modified: Angoor Adda included as customs station

ISLAMABAD: The government has modified Export Policy Order (EPO) 2022 to include Angoor Adda as customs station,...

Published 15 Apr, 2023 06:19am

Hubco: PSO’s receivables exceed Rs25.33bn

ISLAMABAD: Pakistan State Oil’s receivables against Hub Power Company (Hubco) have piled up to over Rs25.33...

Published 15 Apr, 2023 06:19am

Inflation perception survey: Rising price hike linked to political instability

ISLAMABAD: An overwhelming majority of 71 per cent of the country has reckoned political instability as the major...

Published 15 Apr, 2023 06:19am

Industry

CDCSR holds awareness sessions about e-voting facility

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) recently made changes in the Companies (Postal...

Published 15 Apr, 2023 06:19am

NBP launches new agri loan programme

KARACHI: National Bank of Pakistan (NBP) launched a new low markup rate agricultural loan programme to support the...

Published 15 Apr, 2023 06:19am

Drug price challenge

EDITORIAL: It seems that the government has still not learned that rejecting any increase in prices of medicines to...

Published 15 Apr, 2023 06:19am

Give peace a chance

EDITORIAL: The question what has led to the latest spurt of terrorism in Khyber Pakhtunkhwa and Balochistan has no...

Published 15 Apr, 2023 06:19am

Industry

SAPM underscores need for developing indigenous digital platforms

ISLAMABAD: The Minister of State and Special Assistant to the Prime Minister (SAPM) of Pakistan on Public...

Published 15 Apr, 2023 06:19am

Banks told to set up digital fraud risk management units

KARACHI: The State Bank of Pakistan (SBP) announcing the measures to enhance security of digital banking services ...

Published 15 Apr, 2023 06:19am

Money & Banking

Indian financial markets closed

BENGALURU: India’s currency, debt and equity markets will be closed on Friday, April 14, for a local holiday. The...

Published 15 Apr, 2023 06:19am

Money & Banking

Sterling edges back from 10-month peak

LONDON: The British pound edged lower on Friday but remained close to a 10-month high against the dollar, supported...

Published 15 Apr, 2023 06:19am

Euro zone yields set for biggest weekly rise since Dec

Money & Banking

China has released $300m: Dar

Updated 15 Apr, 2023 08:50am

World Bank estimates fall in GDP per capita income to $1,399

Says poverty will inevitably increase with pressures from weak labour markets and high inflation

Updated 15 Apr, 2023 08:33pm

Industry

PRGMEA opposes govt’s decision of too many holidays on Eid

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Central Chairman Mubashar...

Published 15 Apr, 2023 06:19am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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