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 / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	155.74
USD to Swiss Franc / Jan 17	0.91
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 16	5,937.34
Nasdaq / Jan 16	19,338.29
Dow Jones / Jan 16	43,153.13
India Sensex / Jan 17	76,671.81
Tokyo Nikkei / Jan 17	38,451.46
Hang Seng / Jan 17	19,567.81
FTSE 100 / Jan 17	8,477.94
Germany DAX 30 / Jan 17	20,852.83

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 16	18,785
Gold 10 Grams PKR / Jan 16	241,941
Crude Oil USD/Barrel / Jan 17	79.09
Gold Spot USD/Ounce / Jan 17	2,713.02
Cotton US¢/pound / Jan 17	67.05
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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