News Archives for Print - 2023-05-21

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Print - 2023-05-21

WHO launches global network to detect infectious disease threat

GENEVA: The World Health Organization on Saturday launched a global network to help swiftly detect the threat from...

Published 21 May, 2023 04:00am

Europe

Three die in tourist plane crash in Switzerland

GENEVA: A tourist plane crashed in a wooded, mountainous area of western Switzerland on Saturday, killing the three...

Published 21 May, 2023 04:00am

Letters

‘FY2023-24 Budget’

This is apropos a Business Recorder oped “FY2023-24 Budget” carried by the newspaper yesterday. The writer,...

Published 21 May, 2023 04:00am

INTERNATIONAL TEA DAY: Brewing success for Pakistan's Tea Industry through e-commerce

TEXT: The potential of e-commerce to reshape Pakistan's tea industry is becoming increasingly evident, with key...

Published 21 May, 2023 04:00am

LUMS VC gets Asia-Pacific Leadership Award from CASE

LAHORE: The Council for Advancement and Support of Education (CASE) has awarded the Asia-Pacific Leadership Award to...

Published 21 May, 2023 04:00am

IK says he ‘did condemn the May 9 violence’

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has said that he told Chief Justice of Pakistan Umar Ata...

Published 21 May, 2023 04:00am

Upper Sindh: Mercury soars to 48°C

KARACHI: Heat wave like weather on Saturday spurred temperatures to the highest degrees of the season in the ...

Published 21 May, 2023 04:00am

‘Hajj medical mission’ arrives in Makkah

MAKKAH: A 138 dedicated personnel including 19 Moavineen, 67 medical experts and 52 staff officers from Ministry of...

Published 21 May, 2023 04:00am

‘Religious scholars should play due role for peace, harmony’

LAHORE: Pakistan Muslim League-Nawaz (PML-N) chief organizer Maryam Nawaz has slammed the PTI chief Imran Khan for...

Published 21 May, 2023 04:00am

Policemen stopped from detaining women

LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi has stopped male police personnel to detain the women. More...

Published 21 May, 2023 04:00am

Businesspeople vow to stand by armed forces

LAHORE: The All Pakistan Business Forum (APBF) has expressed full solidarity with the Pakistan army, warning of...

Published 21 May, 2023 04:00am

The Weather

KARACHI: The weather report on Saturday (May 20, 2023) and the forecast for Sunday (May 21, 2023)...

Published 21 May, 2023 04:00am

PM given clean chit in ‘Ashiana’ case

Accountability Bureau says the offense is not established under the National Accountability Ordinance 1990

Updated 21 May, 2023 09:35am

KPK: Ajmal Wazir quits PTI

Demands arrest of all culprits involved in attacking the country’s institutions to refrain from such untoward incidents in the future

Updated 21 May, 2023 09:36am

Zarghoon post: Three soldiers martyred

Security Forces remain determined to thwart attempts at sabotaging the peace, stability, and progress of Balochistan, ISPR says

Updated 21 May, 2023 09:36am

First Hajj flight will leave today

ISLAMABAD: The first flight with pilgrims for the Hajj pilgrimage 2023 will depart from Karachi International ...

Published 21 May, 2023 04:00am

‘Judges’ impartiality’ Govt forms judicial body to probe ‘audio leaks’

ISLAMABAD: The federal government, on Saturday, set up a three-member judicial commission to inquire into the...

Published 21 May, 2023 04:00am

Evidence: Computer generated statements of accounts admissible: LHC

LAHORE: The Lahore High Court held that electronically computer-generated statements of accounts are admissible in...

Published 21 May, 2023 04:00am

LHC directs IGP to produce Imran Riaz tomorrow

LAHORE: The Lahore High Court (LHC) on Saturday gave another opportunity to the Inspector General of Police (IGP) to...

Published 21 May, 2023 04:00am

UAE to help build houses for flood affectees

KARACHI: United Arab Emirates will help the Sindh government in construction of houses for flood affectees in the...

Published 21 May, 2023 04:00am

Karachi’s mayorship: PTI supports JI; PPP urged to accept defeat

KARACHI: After securing the PTI’s unconditional support, Jamaat-e-Islami (JI) on Saturday urged the ruling PPP to...

Published 21 May, 2023 04:00am

Alleged audio leak: IK urges US lawmaker to raise voice in his favour

ISLAMABAD: Another audio clip purportedly featuring Pakistan Tehreek-e-Insaf (PTI) chairman and former Prime ...

Published 21 May, 2023 04:00am

Pakistan condemns storming of Al-Aqsa Mosque

ISLAMABAD: Pakistan on Saturday strongly condemned storming of Al-Aqsa Mosque by Israeli occupation authorities and...

Published 21 May, 2023 04:00am

CDA Chairman announces allotment of land for central office of IIA

ISLAMABAD: Capital Development Authority (CDA) Chairman Noorul Amin Mengal, on Saturday, announced the allotment of...

Published 21 May, 2023 04:00am

IMF criticised for failing to recognise climate change-induced impact of floods

KARACHI: “The International Monetary Fund’s prior actions for the approval of a long-delayed loan are not just...

Published 21 May, 2023 04:00am

M-commerce can help country arrest economic slide

Pakistan’s economy has faced numerous challenges, including inflation, unemployment, and low growth rates. ...

Published 21 May, 2023 04:00am

9th review struggle with IMF

Since November of last year, Pakistan is still waiting for the release of the next tranche of $1.1 billion from the...

Published 21 May, 2023 04:00am

Mohtasib orders payment of post-retirement dues

ISLAMABAD: Wafaqi Mohtasib Ejaz Ahmad Qureshi has taken cognizance of the non-payment of post-retirement benefits to...

Published 21 May, 2023 04:00am

Islamabad: instances of car snatching on the rise

ISLAMABAD: The capital city witnessed a rise in incidents of car lifting, motorbike theft, and mobile snatching...

Published 21 May, 2023 04:00am

‘Deceptive marketing practices’ LHC allows CCP to proceed against 3 food companies

ISLAMABAD: The Lahore High Court (LHC) has granted authorization to the Competition Commission of Pakistan (CCP) to...

Published 21 May, 2023 04:00am

US envoy to visit Karachi, Thatta on 22nd

ISLAMABAD: US Ambassador to Pakistan Donald Blome along with a team of embassy officials will visit Karachi and...

Published 21 May, 2023 04:00am

72nd anniversary of Sino-Pak diplomatic relations observed

PESHAWAR: The Pakistan-China relations are exemplary and we should learn from the China’s Leadership and Peoples...

Published 21 May, 2023 04:00am

PFA unearths ‘fake beverage unit’

LAHORE: The Punjab Food Authority (PFA) has unearthed a fake beverage manufacturing unit producing carbonated drinks...

Published 21 May, 2023 04:00am

‘Family Doctors’ Conference’ begins: Role of GPs in healthcare system comes under greater focus

LAHORE: The caretaker Provincial Health Minister Dr Javed Akram said on Saturday that primary angioplasty facility ...

Published 21 May, 2023 04:00am

LHC directs Speaker to give opportunities for verification

LAHORE: The Lahore High Court on Saturday issued its verdict against the acceptance of the resignations of 72 PTI...

Published 21 May, 2023 04:00am

Zardari, Bilawal condemn attack on check-post in Balochistan

ISLAMABAD: Former President of Pakistan and President Pakistan People’s Party Parliamentarians (PPP-P) Asif Ali...

Published 21 May, 2023 04:00am

‘Fake’ letter to Dar: FBR mulling approaching FIA

ISLAMABAD: The Federal Board of Revenue (FBR) is considering approaching Federal Investigation Agency (FIA) Cyber...

Published 21 May, 2023 04:00am

‘May 9 Mayhem’ Ex-minister Hisham quits PTI

PESHAWAR: The Pakistan Tehreek-e-Insaf is facing large-scale exodus in its ranks after the violent incidents of May ...

Published 21 May, 2023 04:00am

Punjab Governor for strong liaison between industry, academia

LAHORE: Governor Punjab Muhammad Baleegh-ur-Rehman has stressed the need of close linkage of industry with the...

Published 21 May, 2023 04:00am

Cotton & Textile

Punjab cultivates cotton on over 3.663m acres so far: Agri secy

LAHORE: Secretary Agriculture Punjab Iftikhar Ali Sahoo while presiding over the cotton review meeting on South...

Published 21 May, 2023 04:00am

Energy

Asia spot fuel oil market steady; HSFO margin hits one-year high

SINGAPORE: Asia’s spot fuel oil market was little changed on Friday as cash premiums steadied in thin trade, ...

Published 21 May, 2023 04:00am

Energy

Indian Oil eyes processing bio-naphtha for petrochemicals

NEW DELHI: Indian Oil Corp., the country’s top refiner, said on Friday it is looking to decarbonise its...

Published 21 May, 2023 04:00am

Energy

Asia Distillates: Gasoil spot differentials flip to premium after two weeks

SINGAPORE: Asia’s 10 ppm sulphur gasoil cash differentials recorded gains through the latter half of the week as...

Published 21 May, 2023 04:00am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 20, 2023)...

Published 21 May, 2023 04:00am

Cotton & Textile

Modest business on cotton market

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

Published 21 May, 2023 04:00am

Commodities

German farmers plant less winter wheat

HAMBURG: Germany’s winter wheat sown area for the 2023 harvest has been reduced by 1.4% to about 2.85 million...

Published 21 May, 2023 04:00am

Commodities

‘Hungary has enough crop storage for summer’

BUDAPEST: Half of Hungary’s grain storage capacity is available ahead of the harvest, sufficient to store this...

Published 21 May, 2023 04:00am

Commodities

ICE canola futures dip

CHICAGO: ICE Canada canola futures fell on Thursday in a bout of technical selling, with the front-month contract...

Published 21 May, 2023 04:00am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Saturday (May 20, 2023). ======================================= Offset...

Published 21 May, 2023 04:00am

Trials of those involved in attacks start, army says

RAWALPINDI: Chief of Army Staff (COAS) General Asim Munir on Saturday said that the legal process of trial against...

Updated 21 May, 2023 09:31am

Five IHC judges meet CJP

ISLAMABAD: Amid the tension between the federal government and the superior courts of the country over the election...

Updated 21 May, 2023 09:30am

Unsatiated traders seek more tax incentives

ISLAMABAD: The business community is again seeking tax exemptions, special tax rates, and tax credits and ...

Updated 21 May, 2023 09:32am

Country receives $15.4bn in financing during Jul-Apr

ISLAMABAD: The country received $15.4 billion in financing during the first 10 months (July-April) of the current...

Updated 21 May, 2023 03:24pm

Jul-Apr: petroleum group imports show 17.96pc negative growth

ISLAMABAD: Petroleum group imports witnessed a negative growth of 17.96 percent during the first 10 months...

Updated 21 May, 2023 03:26pm

July-April: Textile group exports dip 14pc to $13.7bn YoY

Textile group exports witnessed a decline of 29.11 percent in April 2023 on a year-on-year basis

Updated 21 May, 2023 03:24pm

Proposed policy: Local refineries: Finance Div for adequate tariff protection

ISLAMABAD: Finance Division has proposed that tariff protection enjoyed by the existing refineries in neighbouring...

Updated 21 May, 2023 09:33am

Commitment to highly decarbonised road sector by 2030 reaffirmed

HIROSHIMA: The Group of Seven (G7) nations on Saturday reaffirmed their commitment to a highly decarbonized road...

Updated 21 May, 2023 09:33am

G7 vows economic coercion will ‘face consequences’

HIROSHIMA, (Japan): G7 leaders vowed Saturday that attempts to “weaponise” trade and supply chains would “fail...

Published 21 May, 2023 04:00am

G7 communique: Enraged China voices ‘strong dissatisfaction’

BEIJING: China on Saturday expressed “strong dissatisfaction” with a communique issued by G7 leaders that took aim...

Updated 21 May, 2023 09:28am

AGP, Ogra to ascertain GDS claims next week

ISLAMABAD: The Auditor General of Pakistan (AGP) and the Oil and Gas Regulatory Authority (Ogra) will meet next week...

Updated 21 May, 2023 09:33am

Rs72bn authorised in Q4 under PSDP

ISLAMABAD: The Ministry of Planning Development and Special Initiatives has authorized Rs 72 billion for various...

Updated 21 May, 2023 09:34am

Pakistan Tobacco Co massively cuts production on FED hike

ISLAMABAD: Pakistan Tobacco Company has stopped 80 percent of its total production which may lead to the total...

Published 21 May, 2023 04:00am

Warmest years ever are ahead

EDITORIAL: While extreme weather events have increased in frequency and intensity during the recent years, the World...

Published 21 May, 2023 04:00am

G20 moot in Srinagar: Hats off to China

EDITORIAL: Indeed, it is heartening to note that Chinese Foreign Ministry has said that “China firmly opposes...

Published 21 May, 2023 04:00am

Commodities

Gold sharply up

KARACHI: Gold prices on Saturday closed on a high note but silver stood firm on the local market, traders said. ...

Published 21 May, 2023 04:00am

Taxes

‘No official can override tax exemption by changing opinion’

LAHORE: “No tax official can override tax exemption by changing his opinion under the garb of rectification of...

Published 21 May, 2023 04:00am

Pesticide imports: Electronic endorsement of PSI certifications from tomorrow

KARACHI: The electronic endorsement of Prior-Shipment Inspection (PSI) certifications for pesticide imports will be...

Published 21 May, 2023 04:00am

FED on cigarettes: health activists for further hike

ISLAMABAD: Health activists and civil society organisations have demanded of the government to further increase ...

Published 21 May, 2023 04:00am

Stalled IMF bailout hurting economy: UBG chief

KARACHI: United Business Group (UBG) President Zubair Tufail said that due to the delay in the IMF’s debt recovery...

Published 21 May, 2023 04:00am

Economy ‘showing signs of stability’: Governor

LAHORE: Punjab Governor Muhammad Baligh Ur Rehman said on Saturday that due to prudent policies of the government,...

Published 21 May, 2023 04:00am

Commodities

Japanese rubber futures post weekly gain

SINGAPORE: Japanese rubber futures delivered a weekly gain on Friday, driven by strong tyre manufacturer activity,...

Published 21 May, 2023 04:00am

Commodities

CBOT soyabeans fall to new 10-month

CHICAGO: Chicago Board of Trade (CBOT) soyabean futures slid sharply on technical trading on Friday, as investors...

Published 21 May, 2023 04:00am

Commodities

French soft wheat rating eases, maize sowing nears completion

PARIS: The condition of French soft wheat fell slightly in the week to May 15 but remained at its highest level in ...

Published 21 May, 2023 04:00am

Commodities

China’s Inner Mongolia region starts construction of coal mine

BEIJING/SINGAPORE: China’s Inner Mongolia region started construction on Friday of a coal mine with an annual...

Published 21 May, 2023 04:00am

Commodities

Paris wheat extends fall

LONDON: Euronext wheat fell on Thursday with an extension of a pact allowing grain shipments from Ukraine through...

Published 21 May, 2023 04:00am

Commodities

Dalian iron ore drifts lower on demand concerns

SINGAPORE: Dalian iron ore futures slid almost 2% on Friday, weighed down by dismal demand outlook in top steel...

Published 21 May, 2023 04:00am

Industry

Ready-made garments ‘China’s share is decreasing globally,’ says PBIF chairman

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum ...

Published 21 May, 2023 04:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	1.05
USD to Swiss Franc / Dec 17	0.90
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	154.09

Stock	Volume
S&P 500 / Dec 16	6,074.08
Nasdaq / Dec 16	20,173.89
Dow Jones / Dec 16	43,717.48
India Sensex / Dec 17	80,962.81
Tokyo Nikkei / Dec 17	39,364.68
Hang Seng / Dec 17	19,777.10
FTSE 100 / Dec 17	8,214.43
Germany DAX 30 / Dec 17	20,290.76

Item	Value
Gold 10 Grams PKR / Dec 16	243,059.70
Crude Oil USD/Barrel / Dec 17	70.82
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold Spot USD/Ounce / Dec 17	2,654.67
Cotton US¢/pound / Dec 17	69.11
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Dec 17 Dadabhoy Cement Industries Limited(DBCI)	7.11 ▲ 1.00 (16.37%)
First Capital Equities / Dec 17 First Capital Equities Limited(FCEL)	6.74 ▲ 0.82 (13.85%)
Oilboy Energy / Dec 17 Oilboy Energy Limited(OBOY)	10.45 ▲ 1.00 (10.58%)
LSE Financial Serv. / Dec 17 LSE Financial Services Limited(LSEFSL)	18.32 ▲ 1.67 (10.03%)
Air Link Com. / Dec 17 Air Link Communication Limited(AIRLINK)	208.93 ▲ 18.99 (10.00%)
Data Agro / Dec 17 Data Agro Limited(DAAG)	126.58 ▲ 11.51 (10.00%)
Fazal Cloth / Dec 17 Fazal Cloth Mills Limited(FZCM)	179.55 ▲ 16.32 (10.00%)
Land Mark Spinning / Dec 17 Landmark Spinning Industries Limited(LMSM)	63.91 ▲ 5.81 (10.00%)
Pak Datacom / Dec 17 Pak Datacom Limited(PAKD)	94.49 ▲ 8.59 (10.00%)

Stock	Price
Tri-Star Power / Dec 17 Tri-Star Power Limited(TSPL)	5.51 ▼ -0.74 (-11.84%)
Gulshan Sp. / Dec 17 Gulshan Spinning Mills Limited(GSPM)	4.19 ▼ -0.51 (-10.85%)
Sanghar Sugar / Dec 17 Sanghar Sugar Mills Limited(SANSM)	32.02 ▼ -3.56 (-10.01%)
Aisha Steel (CPS) / Dec 17 Aisha Steel Mills Limited (CPS)(ASLCPS)	20.17 ▼ -2.24 (-10.00%)
Chakwal Spinning / Dec 17 Chakwal Spinning Mills Limited(CWSM)	53.72 ▼ -5.97 (-10.00%)
Leiner Pak Gelat / Dec 17 Leiner Pak Gelatine Limited(LPGL)	126.67 ▼ -14.07 (-10.00%)
Mari Petroleum / Dec 17 Mari Petroleum Company Limited(MARI)	809.76 ▼ -89.97 (-10.00%)
Quetta Textile / Dec 17 Quetta Textile Mills Limited(QUET)	17.73 ▼ -1.97 (-10.00%)
Fateh Ind. / Dec 17 Fateh Industries Limited(FIL)	120.57 ▼ -13.37 (-9.98%)

Stock	Volume
WorldCall Telecom / Dec 17 Worldcall Telecom Limited(WTL)	403,228,918 ▼ -0.06
Pak Elektron / Dec 17 Pak Elektron Limited(PAEL)	107,379,306 ▲ 3.33
Cnergyico PK / Dec 17 Cnergyico PK Limited(CNERGY)	59,584,754 ▼ -0.06
B.O.Punjab / Dec 17 The Bank of Punjab(BOP)	57,023,129 ▲ 0.59
Pak Refinery / Dec 17 Pakistan Refinery Limited(PRL)	55,947,968 ▲ 3.65
Sui South Gas / Dec 17 Sui Southern Gas Company Limited(SSGC)	42,917,218 ▲ 1.17
PIA Holding Co.Ltd / Dec 17 PIA Holding Company Limited(PIAHCLA)	36,337,248 ▲ 1.16
Fauji Foods Ltd / Dec 17 Fauji Foods Limited(FFL)	33,958,478 ▼ -0.28
Hub Power Co. / Dec 17 The Hub Power Company Limited(HUBC)	33,067,460 ▲ 11.97

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