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 / Mar 25	280.52
USD PKR Interbank Buying / Mar 25	280.27
USD to Japanese Yen / Mar 26	150.14
USD to Swiss Franc / Mar 26	0.88
Pound Sterling to USD / Mar 26	1.29
Euro to USD / Mar 26	1.08
UK LIBOR % / Mar 25	4.96

Stock	Volume
S&P 500 / Mar 25	5,776.65
Nasdaq / Mar 25	18,271.86
Dow Jones / Mar 25	42,587.50
India Sensex / Mar 26	77,971.12
Tokyo Nikkei / Mar 26	38,027.29
Hang Seng / Mar 26	23,483.32
FTSE 100 / Mar 26	8,660.31
Germany DAX 30 / Mar 26	22,923.69
France CAC40 / Mar 26	8,042.59

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 25	17,085
Gold 10 Grams PKR / Mar 25	272,462
Crude Oil USD/Barrel / Mar 26	69.26
Gold Spot USD/Ounce / Mar 26	3,018.44
Cotton US¢/pound / Mar 26	65.37
Petrol/Litre / Mar 27	255.63
Diesel/Litre / Mar 27	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 26 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	3.01 ▲ 1 (49.75%)
Sec. Inv. Bank / Mar 26 Security Investment Bank Limited(SIBL)	9.99 ▲ 1 (11.12%)
Zephyr Textile / Mar 26 Zephyr Textiles Limited(ZTL)	11.40 ▲ 1.04 (10.04%)
Leiner Pak Gelat / Mar 26 Leiner Pak Gelatine Limited(LPGL)	110.80 ▲ 10.07 (10%)
Philip Morris Pak. / Mar 26 Philip Morris (Pakistan) Limited(PMPK)	737.77 ▲ 67.07 (10%)
Data Agro / Mar 26 Data Agro Limited(DAAG)	96.62 ▲ 8.78 (10%)
Baba Farid Sugar / Mar 26 Baba Farid Sugar Mills Limited(BAFS)	58.44 ▲ 5.31 (9.99%)
Crescent Fib. / Mar 26 Crescent Fibres Limited(CFL)	45.70 ▲ 4.14 (9.96%)
Popular Islamic / Mar 26 Popular Islamic Modaraba(PIM)	14.48 ▲ 1.31 (9.95%)
The Thal Ind.Corp. / Mar 26 The Thal Industries Corporation Limited(TICL)	340 ▲ 30.55 (9.87%)

Stock	Price
Elahi Cot. / Mar 26 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Power Cem(Pref) / Mar 26 Power Cement (Pref)(POWERPS)	12.95 ▼ -1.38 (-9.63%)
Atlas Ins. Ltd / Mar 26 Atlas Insurance Limited(ATIL)	58.50 ▼ -5.48 (-8.57%)
Bela Auto / Mar 26 Bela Automotives Limited(BELA)	167 ▼ -14.94 (-8.21%)
Kohat Textile / Mar 26 Kohat Textile Mills Limited(KOHTM)	28.15 ▼ -2.4 (-7.86%)
Jubilee Spinning / Mar 26 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.88 ▼ -0.89 (-7.56%)
Frontier Ceram / Mar 26 Frontier Ceramics Limited(FRCL)	22.40 ▼ -1.82 (-7.51%)
Noon Sugar / Mar 26 Noon Sugar Mills Limited(NONS)	73.62 ▼ -5.95 (-7.48%)
PIA Holding Co.B / Mar 26 PIA Holding Company Limited B(PIAHCLB)	900.16 ▼ -71.96 (-7.4%)
UDL International / Mar 26 UDL International Limited(UDLI)	7.11 ▼ -0.53 (-6.94%)

Stock	Volume
Pak Elektron / Mar 26 Pak Elektron Limited(PAEL)	29,093,385 ▲ 1.6
P.S.O. / Mar 26 Pakistan State Oil Company Limited(PSO)	26,846,685 ▲ 1.38
TRG Pak Ltd / Mar 26 TRG Pakistan Limited(TRG)	22,825,615 ▼ -0.92
Cnergyico PK / Mar 26 Cnergyico PK Limited(CNERGY)	17,176,390 ▲ 0.07
B.O.Punjab / Mar 26 The Bank of Punjab(BOP)	16,063,012 ▼ -0.18
Pak Petroleum / Mar 26 Pakistan Petroleum Limited(PPL)	15,868,233 ▲ 7.49
Engro Fert. / Mar 26 Engro Fertilizers Limited(EFERT)	14,391,574 ▼ -1.85
WorldCall Telecom / Mar 26 Worldcall Telecom Limited(WTL)	12,412,844 ▲ 0.01
TPL REIT Fund I / Mar 26 TPL REIT Fund I(TPLRF1)	11,002,839 ▲ 0.06
Fauji Cement / Mar 26 Fauji Cement Company Limited(FCCL)	10,156,162 ▲ 1.41

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