News Archives for Print - 2023-05-04

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Print - 2023-05-04

EU eyes ‘blacklist’ of corrupt individuals worldwide

BRUSSELS: The European Union unveiled proposals on Wednesday to crack down on corruption in the bloc, including a...

Published 04 May, 2023 04:26am

258 million needed urgent food aid in 2022: UN

PARIS: Some 258 million people needed emergency food aid last year because of conflict, economic shocks and climate...

Published 04 May, 2023 04:26am

South Asia

India plans to disband cantonments, convert them to military stations

KARACHI: India has planned to disband cantonments and convert them into “exclusive military stations”, reported...

Published 04 May, 2023 04:26am

Raisi praises Assad for successfully overcoming sanctions

DAMASCUS: Visiting Iranian President Ebrahim Raisi hailed Syria’s Bashar al-Assad on Wednesday for overcoming...

Published 04 May, 2023 04:26am

KATI, Administrator Korangi agree to make industrial area clean, green

KARACHI: Korangi Association of Trade and Industry (KATI) with the cooperation of Administrator Korangi Sharif Khan...

Published 04 May, 2023 04:26am

The Weather

KARACHI: The weather report on Wednesday (May 03, 2023) and the forecast for Thursday (May 04, 2023)...

Published 04 May, 2023 04:26am

Bilawal takes political leadership into confidence over India visit

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari on Wednesday took the political leadership into confidence ahead...

Published 04 May, 2023 04:26am

IK granted one-day exemption from appearance in Toshakhana case

ISLAMABAD: A local court on Wednesday granted a one-day exemption to Pakistan Tehreek-e-Insaf (PTI) chief and former...

Published 04 May, 2023 04:26am

Imran Khan advised to take rest

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has been advised to take complete rest to avoid further...

Published 04 May, 2023 04:26am

KVTC students to attend Taekwondo event in Japan

KARACHI: Karachi Vocational Training Centre (KVTC) CEO Senator Abdul Haseeb Khan has said that six students of KVTC...

Published 04 May, 2023 04:26am

MQM calls for national process of consultation

ISLAMABAD: The Muttahida Qaumi Movement (MQM), on Wednesday, stressed the need of a national process of ...

Published 04 May, 2023 04:26am

NA body takes strong exception to MNA arrest without speaker nod

ISLAMABAD: A National Assembly panel on Wednesday took strong exception to the arrest of a Member National Assembly...

Published 04 May, 2023 04:26am

Penumbral lunar eclipse

KARACHI: The world is set to see the penumbral lunar eclipse during the night hours between May 5 and May 6, 2023, ...

Published 04 May, 2023 04:26am

Sherry, German minister discuss climate change cooperation

ISLAMABAD: Federal Minister for Climate Change and Environmental Coordination Senator Sherry Rehman held a bilateral...

Published 04 May, 2023 04:26am

Pakistani journalist abducted, allegedly electrocuted: CPJ

NEW YORK: Pakistan authorities must conduct an immediate and impartial investigation into the abduction and alleged...

Published 04 May, 2023 04:26am

Raw material scarcity, smuggling hurting tyre industry

KARACHI: The local tyre industry is facing a two-fold problem - shortage of raw material and the influx of smuggled...

Published 04 May, 2023 04:26am

Bosal posted as Special Secretary Finance

ISLAMABAD: The government on Wednesday posted Imdadullah Bosal as Special Secretary Finance. A notification to this...

Published 04 May, 2023 04:26am

Belarus FM due this month

ISLAMABAD: Foreign Minister of Belarus Sergei Aleinik is likely to visit Pakistan in the last week of the current...

Published 04 May, 2023 04:26am

Body formed to fix Roosevelt Hotel issues

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has constituted three-member committee headed by...

Published 04 May, 2023 04:26am

PM arrives in London

LONDON: Prime Minister Shehbaz Sharif arrived here on Wednesday to attend the coronation ceremony of King Charles...

Published 04 May, 2023 04:26am

Mercury in Punjab plunges to 24C

LAHORE: The ongoing cold weather spell in the country has led to a drop in temperature to 24C in Punjab against 42C...

Published 04 May, 2023 04:26am

Proceedings’ record: SC’s order leaves MNAs fuming

ISLAMABAD: Amid strong protests by lawmakers against handing over the National Assembly proceedings’ record to the...

Published 04 May, 2023 04:26am

Press freedom: NA passes resolution

ISLAMABAD: The National Assembly Wednesday unanimously passed a resolution on “World Press Freedom Day” and...

Published 04 May, 2023 04:26am

Bail pleas: IHC summons IK

ISLAMABAD: The Islamabad High Court (IHC) ordered Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan to appear ...

Published 04 May, 2023 04:26am

APC for ensuring supremacy of parliament, holding same-day elections

ISLAMABAD: The All Parties’ Conference (APC) convened by the Awami National Party (ANP) on Wednesday urged for...

Published 04 May, 2023 04:26am

Caretaker CM visits Shujaat’s residence, vows action against ‘culprits’ behind raid

LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi visited the residence of senior politician and head of...

Published 04 May, 2023 04:26am

119th M P Bhandara Memorial Polo Cup concludes

RAWALPINDI: Chief Executive Murree Brewery Company Isphanyar Bhandara says that sports always help to maintain a...

Published 04 May, 2023 04:26am

Tackling climate change: SBP governor for fortifying co-op in Saarc region

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmed has emphasized on the importance of discussing the...

Published 04 May, 2023 04:26am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (May 03, 2023)....

Published 04 May, 2023 04:26am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (May 03, 2023). ========================== KIBOR...

Published 04 May, 2023 04:26am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 04 May, 2023 04:26am

Rates

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 04 May, 2023 04:26am

Stocks

Wall Street subdued ahead of Fed meeting outcome

NEW YORK: Wall Street’s main indexes were muted on Wednesday as investors steered clear of big bets ahead of the...

Published 04 May, 2023 04:26am

Stocks

Last date of renunciation/payment

KARACHI: Last dates of renunciation/payment....

Published 04 May, 2023 04:26am

Rates

Dividend/Bonus Announcements

KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange....

Published 04 May, 2023 04:26am

Rates

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 04 May, 2023 04:26am

Stocks

Electronic/credit of dividend warrants/bonus/right share certificates

KARACHI: Electronic/credit of dividend warrants/bonus/right share certificates....

Published 04 May, 2023 04:26am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (May 03, 2023). ==================================== BR...

Published 04 May, 2023 04:26am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on...

Published 04 May, 2023 04:26am

Letters

“The ‘Little Boy’ next door”

This is apropos a Business Recorder editorial “The ‘Little Boy’ next door” carried by the newspaper...

Published 04 May, 2023 04:26am

Exports, not loans, constitute solution

Textile exports for April, 2023 clocked in at $1.24 billion, a staggering $500 million less than the previous...

Published 04 May, 2023 04:26am

Inflation: permanent or transitory?

The Fed has been much derided for its 2021 characterisation of the spike in inflation being ‘transitory’ – to...

Published 04 May, 2023 04:26am

Partly Facetious: An elite capture without qualifications

“Let’s say I am a bank manager and you are one of my biggest borrowers, you never implement structural changes...

Published 04 May, 2023 04:26am

Bilawal to leave for India today

ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari will leave for India today (Thursday) to lead Pakistan’s...

Published 04 May, 2023 04:26am

ECP moves SC seeking review of Punjab election order

ISLAMABAD: The Election Commission of Pakistan (ECP) contended that the framers of the Constitution have given the...

Published 04 May, 2023 04:26am

Commodities

ICE canola futures rise

WINNIPEG, (Manitoba): ICE canola futures rose on Tuesday on a modest resumption of buying after three sessions of...

Published 04 May, 2023 04:26am

Rates

Bulls rule the roost

KARACHI: Pakistan Stock Exchange Wednesday witnessed another bullish session on the back of healthy buying in ...

Published 04 May, 2023 04:26am

‘Online Only Brokers’ SECP approves regulatory framework

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved the regulatory framework for...

Updated 04 May, 2023 09:50am

20pc customs duty, RD on import of edible oils, oilseeds proposed

ISLAMABAD: The government has proposed 20 percent customs duty and regulatory duty on the import of edible oils and...

Updated 04 May, 2023 09:13am

Energy

HSFO margin firms

SINGAPORE: Asia’s refining margin for 380-cst high sulphur fuel oil (HSFO) climbed to nearly a year’s high on...

Published 04 May, 2023 04:26am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (May 03,...

Published 04 May, 2023 04:26am

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 04 May, 2023 04:26am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (May 03, 2023)....

Published 04 May, 2023 04:26am

Rates

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 04 May, 2023 04:26am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (May 03, 2023)....

Published 04 May, 2023 04:26am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (May 03, 2023)....

Published 04 May, 2023 04:26am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (May 03, 2023). ======================== Open Bid Rs...

Published 04 May, 2023 04:26am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 03, 2023)....

Published 04 May, 2023 04:26am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (May 03, 2023). ======================================= Offset...

Published 04 May, 2023 04:26am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 03, 2023)...

Published 04 May, 2023 04:26am

Rates

LME official prices

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

Published 04 May, 2023 04:26am

Energy

Low upliftment of HSD: ARL seeks Orga’s intervention

ISLAMABAD: Attock Refinery Limited (ARL) has sought intervention from the Oil and Gas Regulatory Authority (Ogra) -...

Published 04 May, 2023 04:26am

Energy

Thar Coal Mine-III: LC issue jeopardises mining process

KARACHI: The mining process of Phase III of the Thar Coal Mine Block II is in jeopardy as critical equipment and...

Published 04 May, 2023 04:26am

Commodities

Gold, silver hit new highs

KARACHI: Gold and silver prices on Wednesday continued to hit the new highs on the local market, traders said. Gold...

Published 04 May, 2023 04:26am

Energy

US natgas futures drop

NEW YORK: US natural gas futures dropped about 5% on Tuesday as drillers keep pulling record amounts of gas out of...

Published 04 May, 2023 04:26am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 22.357...

Published 04 May, 2023 04:26am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 163,465 tonnes of cargo comprising 111,862 tonnes of import cargo and 51,603...

Published 04 May, 2023 04:26am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 03, 2023)...

Published 04 May, 2023 04:26am

Cotton & Textile

Subdued business on cotton market

LAHORE: The local cotton market on Wednesday remained steady and the trading volume remained low. Cotton Analyst...

Published 04 May, 2023 04:26am

Commodities

Aluminium, copper prices fall

LONDON: Aluminium and copper prices in London fell on Wednesday as investors awaited the US Federal Reserve’s...

Published 04 May, 2023 04:26am

Energy

Oil lower ahead of expected Fed rate hikes

NEW YORK: Oil prices fell 4% on Wednesday, extending steep losses from the previous session, as investors fretted...

Published 04 May, 2023 04:26am

Energy

PARCO team meets Sindh energy minister

KARACHI: A three-member delegation of Pak Arab Refinery Limited (PARCO) Wednesday met with Sindh Energy Minister...

Published 04 May, 2023 04:26am

Energy

POL products: April sales decline 46pc to 1.17MTs YoY

KARACHI: Total sales of petroleum products in the country arrived at 1.17 million tons in April 2023, depicting a...

Published 04 May, 2023 04:26am

Commodities

Palm oil reverses early losses

KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Wednesday to end higher for a second session,...

Published 04 May, 2023 04:26am

Farmers must be enabled to reap benefits of bumper wheat crop: PM

LAHORE: Emphasising the need for practical steps to ensure extending full benefits of bumper wheat crop to the...

Published 04 May, 2023 04:26am

April cement despatches fall 16.55pc to 2.95m tons YoY

LAHORE: Current economic turmoil has badly impacted the cement consumption as the sector registered a decline by...

Published 04 May, 2023 04:26am

Money & Banking

Dollar dips before expected Fed hike and possible pause

NEW YORK: The dollar fell on Wednesday before the Federal Reserve is expected to hike rates for possibly the last...

Published 04 May, 2023 04:26am

Future of Pak-US engagement

EDITORIAL: If Masood Khan, Pakistan’s envoy in Washington, didn’t expect his call for resumption of military aid...

Published 04 May, 2023 04:26am

Trade deficit down, inflation up

EDITORIAL: Pakistan Bureau of Statistics (PBS) noted a narrowing of the trade deficit to 23.71 billion dollars...

Published 04 May, 2023 04:26am

Money & Banking

HBL launches digital invoicing payment solution

KARACHI: HBL launches Digital Invoicing, an innovative payment solution designed for social media sellers, small...

Published 04 May, 2023 04:26am

Taxes

Sindh LG Dept to collect property tax across province

KARACHI: Additional Chief Secretary Local Government Sindh, Syed Najam Ahmad Shah has directed the administrators of...

Published 04 May, 2023 04:26am

Int’l Conference on Managing Pakistan’s Economy: SBP recommends comprehensive reform programme

LAHORE: Economists and researchers discussed their findings and gave suggestions with regard to Pakistan’s banking...

Published 04 May, 2023 04:26am

Rules violation: SBP cancel EC’s licence

KARACHI: The State Bank or Pakistan (SBP) has announced cancellation of the licence issued to M/s Mega Currency...

Published 04 May, 2023 04:26am

Industry

Ipsos Global Trends 2023: Pakistanis trust business leaders more than govt

KARACHI: “As 2023 continues to unfold, we’re entering a New World Disorder filled with crises on multiple ...

Published 04 May, 2023 04:26am

Feb-end to Mar-end: Number of 3G and 4G users up 0.69m to 124.85m MoM

ISLAMABAD: The number of 3G and 4G users in Pakistan increased by 0.69 million from 124.16 million by end February ...

Published 04 May, 2023 04:26am

JCC meeting in July: Minister directs ministries, divisions to finalise proposals for projects

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Wednesday directed all...

Updated 04 May, 2023 04:59am

Taxes

‘Unprecedented’ hike in FED on cigarettes resented

LAHORE: Expressing serious concerns over the government’s unprecedented increase in the FED rate on locally...

Published 04 May, 2023 04:26am

Zero-rated sectors: KCCI demands govt restore RCET

Taxes

FBR officials brief parliament on detailed list containing names of all persons/businesses issued notices under Anti-Money Laundering Act (AMLA)

Updated 04 May, 2023 09:13am

Industry

KP flour millers for lifting ban on wheat movement from Punjab

PESHAWAR: Flour millers in Khyber Pakhtunkhwa demanded to lift an unconstitutional and illegitimate ban on wheat...

Published 04 May, 2023 04:26am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 15	280.63
USD PKR Interbank Buying / Apr 15	280.43
USD to Japanese Yen / Apr 15	143.15
USD to Swiss Franc / Apr 15	0.81
Pound Sterling to USD / Apr 15	1.32
Euro to USD / Apr 15	1.14
UK LIBOR % / Apr 14	4.96

Stock	Volume
S&P 500 / Apr 14	5,405.97
Nasdaq / Apr 14	16,831.48
Dow Jones / Apr 14	40,524.79
India Sensex / Apr 15	76,780.06
Tokyo Nikkei / Apr 15	34,267.54
Hang Seng / Apr 15	21,470.46
FTSE 100 / Apr 15	8,209.09
Germany DAX 30 / Apr 15	21,175.70
France CAC40 / Apr 15	7,263.20

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 14	16,785
Gold 10 Grams PKR / Apr 14	290,466
Petrol/Litre / Apr 15	254.63
Crude Oil USD/Barrel / Apr 15	61.77
Gold Spot USD/Ounce / Apr 15	3,224.76
Diesel/Litre / Apr 15	258.64
Cotton US¢/pound / Apr 15	65.75

Gainers
Losers
Leaders

Stock	Price
Gulshan Sp. / Apr 15 Gulshan Spinning Mills Limited(GSPM)	3.65 ▲ 0.48 (15.14%)
Escorts Bank / Apr 15 Escorts Investment Bank Limited(ESBL)	6.49 ▲ 0.85 (15.07%)
Tariq Corp.Pref. / Apr 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.29 ▲ 0.79 (10.53%)
First Capital Equities / Apr 15 First Capital Equities Limited(FCEL)	4.97 ▲ 0.47 (10.44%)
Sanghar Sugar / Apr 15 Sanghar Sugar Mills Limited(SANSM)	55.51 ▲ 5.05 (10.01%)
Tariq Corporation / Apr 15 Tariq Corporation Limited(TCORP)	16.16 ▲ 1.47 (10.01%)
First Elite Cap.Mod / Apr 15 First Elite Capital Modaraba(FECM)	17.70 ▲ 1.61 (10.01%)
PIA Holding Co.B / Apr 15 PIA Holding Company Limited B(PIAHCLB)	1,608.64 ▲ 146.24 (10%)
S.S.Oil / Apr 15 S.S.Oil Mills Limited(SSOM)	202.14 ▲ 18.38 (10%)
Nimir Resins / Apr 15 Nimir Resins Limited(NRSL)	35.08 ▲ 3.19 (10%)

Stock	Price
Pak Gen.Ins. / Apr 15 The Pakistan General Insurance Co. Ltd.(PKGI)	8.25 ▼ -0.84 (-9.24%)
Zahid Jee Textile / Apr 15 Zahidjee Textile Mills Limited(ZAHID)	25.36 ▼ -2.57 (-9.2%)
Ruby Textile / Apr 15 Ruby Textile Mills Limited(RUBY)	7.10 ▼ -0.67 (-8.62%)
First Tri-Star Mod. / Apr 15 First Tri-Star Modaraba(FTSM)	12.03 ▼ -1.04 (-7.96%)
D.M. Textile / Apr 15 D.M. Textile Mills Limited(DMTX)	49 ▼ -4.04 (-7.62%)
Supernet Tech. / Apr 15 Supernet Technologies Limited(STL)	742 ▼ -58.74 (-7.34%)
Pak Gulf Leasing / Apr 15 Pak-Gulf Leasing Company Limited(PGLC)	18.15 ▼ -1.35 (-6.92%)
Bannu Woollen / Apr 15 Bannu Woollen Mills Limited(BNWM)	32.21 ▼ -2.27 (-6.58%)
B.R.R. Guardian / Apr 15 B.R.R. Guardian Limited(BRRG)	21 ▼ -1.47 (-6.54%)
National Silk / Apr 15 The National Silk & Rayon Mills Limited(NSRM)	30.01 ▼ -1.99 (-6.22%)

Stock	Volume
Cnergyico PK / Apr 15 Cnergyico PK Limited(CNERGY)	55,091,076 ▼ -0.06
Pak Int.Bulk / Apr 15 Pakistan International Bulk Terminal(PIBTL)	45,232,730 ▼ -0.15
Sui South Gas / Apr 15 Sui Southern Gas Company Limited(SSGC)	31,842,819 ▲ 0.14
B.O.Punjab / Apr 15 The Bank of Punjab(BOP)	27,341,890 ▲ 0.18
Pak Elektron / Apr 15 Pak Elektron Limited(PAEL)	17,487,097 ▲ 0.01
Dewan Cement / Apr 15 Dewan Cement Limited(DCL)	16,978,570 ▲ 0.43
K-Electric Ltd. / Apr 15 K-Electric Limited(KEL)	13,886,346 ▲ 0.03
WorldCall Telecom / Apr 15 Worldcall Telecom Limited(WTL)	13,751,334 ▲ 0.02
Pak Stock Exchange / Apr 15 Pakistan Stock Exchange Limited(PSX)	13,502,803 ▼ -0.54
Hub Power Co. / Apr 15 The Hub Power Company Limited(HUBC)	11,216,011 ▲ 0.76

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