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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Rates

LME official prices

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

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

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

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

Rates

Kibor interbank offered rates

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

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

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

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

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

UAE promises $1bn to get IMF deal on track

China has released $300m: Dar

Updated 15 Apr, 2023 08:50am

RISE-2 programme: Dar briefs Raiser on WB-backed reforms

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar held a meeting with Martin Raiser,...

Updated 15 Apr, 2023 08:51am

Dollar-denominated govt bonds firm after UAE cash pledge

LONDON: Pakistan’s dollar-denominated government bonds rose by more than 2 cents to highest level in a month on...

Updated 15 Apr, 2023 08:54am

SBP chief says inflation to begin decelerating over next few months

KARACHI: Central bank governor said on Friday that the country’s inflation is expected to start decelerating over...

Updated 15 Apr, 2023 08:51am

ECC approves Rs261m for Railway underpass

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs261 million in funds for the...

Updated 15 Apr, 2023 08:54am

Inflation: SPI records 44.61pc rise YoY

ISLAMABAD: The Sensitive Price Indicator (SPI)-based inflation for the week ended April 13, 2023, recorded a decline...

Published 15 Apr, 2023 06:19am

IK to lead peaceful protest movement after Eid

LAHORE: Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan announced Friday to lead a peaceful protest movement...

Updated 15 Apr, 2023 08:53am

ADB ready to defer Discos’ audited entity financial statements to Dec 31

ISLAMABAD: Asian Development Bank (ADB) has expressed willingness to defer Audited Entity Financial Statements ...

Updated 15 Apr, 2023 08:52am

SBP chief speaks to global investors, fund managers

KARACHI: Governor SBP Jameel Ahmad met key international investors and fund managers in an event organized by...

Published 15 Apr, 2023 06:19am

NA passes ‘SC (Review of Judgements and Orders) Bill’

ISLAMABAD: The National Assembly on Friday passed the “Supreme Court (Review of Judgements and Orders) Bill,...

Updated 15 Apr, 2023 08:52am

Amendments to election law: work begins on ECP proposals

ISLAMABAD: The parliamentary panel formed to consider the proposals moved by the electoral body to amend the...

Updated 15 Apr, 2023 08:53am

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

Money & Banking

Euro zone yields set for biggest weekly rise since Dec

PARIS: Euro zone government bond yields were set for their biggest weekly rise of 2023 as fears of a banking crisis...

Published 15 Apr, 2023 06:19am

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 / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Cotton US¢/pound / Dec 18	68.50
Petrol/Litre / Dec 19	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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