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

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

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

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

‘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

‘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

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

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

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

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

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

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

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

‘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

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

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

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

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

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

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

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

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

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

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

‘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

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

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

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

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

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

Paper

Lahore Paper Market Rates

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

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

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

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

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

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

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

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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 / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 28	254.63
Diesel/Litre / Apr 28	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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