News Archives for Print - 2023-10-09

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Print - 2023-10-09

Iran backs Palestinian self-defence, warns Israel

TEHRAN: President Ebrahim Raisi said on Sunday that Iran supports the Palestinians’ right to self-defence and...

Published 09 Oct, 2023 06:24am

Middle East

Attack on Israel likely to boost appeal of gold, safe haven assets

NEW YORK: The violence in Israel will likely prompt a move into safe haven assets as investors closely watch events...

Published 09 Oct, 2023 06:24am

Europe

German government to review aid for Palestinians

BERLIN: The German government said on Sunday it was reviewing its hundreds of millions of euros of aid for...

Published 09 Oct, 2023 06:24am

South Asia

Indian flood toll up to 77 as waters recede

GUWAHATI, (India): At least 77 people are confirmed dead in the floods that hit India’s northeast, authorities ...

Published 09 Oct, 2023 06:24am

Europe

Sensing power, UK poll favourites Labour holds annual conference

LONDON: The leader of Britain’s Labour main opposition on Sunday warned the party not to become “giddy” as it...

Published 09 Oct, 2023 06:24am

Israel war adds urgency to US Republican House speaker crisis

WASHINGTON: Republicans in the US House of Representatives face new pressure to select a speaker after Israel...

Published 09 Oct, 2023 06:24am

The Weather

KARACHI: The weather report on Sunday (October 08, 2023) and the forecast for Monday (October 09, 2023)....

Published 09 Oct, 2023 06:24am

Rates

Futures spread up 340bps

KARACHI: The futures spread increased by 340 bps to 13.77 percent on the last day of the outgoing week. Trading...

Published 09 Oct, 2023 06:24am

Rates

Another week of positivity

KARACHI: The rupee saw another week of positivity, gaining 1.8% during the five sessions to close at 282.69 against...

Published 09 Oct, 2023 06:24am

CFA Society successfully hosts 20th Annual Excellence Awards

KARACHI: CFA Society Pakistan successfully hosted it’s 20th Annual Excellence Awards this year at a local hotel with...

Published 09 Oct, 2023 06:24am

Giving election date not prerogative of caretaker govt: Solangi

ISLAMABAD: Caretaker Minister for Information and Broadcasting Murtaza Solangi says the elections will be held on ...

Published 09 Oct, 2023 06:24am

Country offers vast trout fish aquaculture business opportunities: expert

PESHAWAR: Renowned expert on trout fish aquaculture, Omar Hayat has said that Pakistan offers vast trout fish...

Published 09 Oct, 2023 06:24am

BR sub-editor’s mother passes away

KARACHI: Asma Aley Ahmed, the mother of Business Recorder sub-editor Abida Rafi passed away here on Sunday. She was...

Published 09 Oct, 2023 06:24am

Ombudsman provides relief to 17 plaintiffs

LAHORE: Acting on the directives of Ombudsman Punjab Major Azam Suleman Khan (retd), the Punjab Government Servants...

Published 09 Oct, 2023 06:24am

President urges world to play active role for global peace

ISLAMABAD: President Dr Arif Alvi on Sunday called upon the international community to play its active role for...

Published 09 Oct, 2023 06:24am

Betel nuts worth Rs30m seized

KHUZDAR: Collectorate of Customs Balochistan claimed to have seized 6,000 kilograms of betel nuts worth Rs 30 ...

Published 09 Oct, 2023 06:24am

Punjab districts: polio teams exceed targets

LAHORE: Polio teams scrambled house to house to vaccinate every unavailable child on the last day of the second...

Published 09 Oct, 2023 06:24am

Rs2.4bn irregularities in health dept unearthed

QUETTA: Rs2.4 billion worth of irregularities and funds embezzlement have been unveiled in the Balochistan Health...

Published 09 Oct, 2023 06:24am

Palestinian, Kashmiri people deserve freedom: PDP

KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor asked the world community to send medical teams and...

Published 09 Oct, 2023 06:24am

JI holds sit-in at Governor’s House

KARACHI: Karachi on Sunday witnessed a significant demonstration as the Jamaat-e-Islami (JI) held a sit-in before ...

Published 09 Oct, 2023 06:24am

PML-N will form next govt in Sindh, claims Zubair

MATIARI: Former Sindh governor Muhammad Zubair Umar said on Sunday that Pakistan Muslim League-Nawaz (PML-N) will...

Published 09 Oct, 2023 06:24am

‘Tradition of self accountability disappearing’

HYDERABAD: Chief Patron of Anjuman Ghulaman-e-Qalandar Welfare Sindh and well-known writer Syed Ghulam Hyder Shah...

Published 09 Oct, 2023 06:24am

‘Theatre festival is a testament to transformative power of art’: CM

KARACHI: Caretaker Sindh Chief Minister Former Justice Maqbool Baqar has said that the Arts Council’s commitment ...

Published 09 Oct, 2023 06:24am

Poverty on the rise

Poverty levels have risen from 34.2 percent in 2022 to 39.4 percent in 2023, pushing 12.5 million people below the...

Updated 09 Oct, 2023 07:03am

Real reforms in sight?

The initial signs of real reforms are in sight. This includes crackdown on smuggling of goods and currencies through...

Updated 09 Oct, 2023 09:35am

Letters

No light at the end of the tunnel?

Business Recorder op-ed writer Ziaul Islam Zuberi in his article “The immigration scene” has highlighted an ...

Published 09 Oct, 2023 06:24am

Solution to Palestinian issue: PTI urges UN, OIC to hammer out strategy

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) has called upon the United Nations and the OIC to realize the gravity of...

Published 09 Oct, 2023 06:24am

Historical Nasir Bagh gets a makeover

LAHORE: The work to restore the historical Nasir Bagh at The Mall to its former glory has entered its final stages, ...

Published 09 Oct, 2023 06:24am

Economic recovery hamstrung by energy issues

Pakistan has been facing a host of challenges that have seriously impacted its development, growth, economic ...

Updated 09 Oct, 2023 06:56am

Stocks

Wall Street Week Ahead: Surging Treasury yields upend stock market’s ‘bond proxies’

NEW YORK: Soaring Treasury yields have stunned the US equity market in recent weeks, with some of the worst fallout...

Published 09 Oct, 2023 06:24am

Stocks

UK FTSE 100 holds gains after US payrolls data

LONDON: London’s FTSE 100 closed higher on Friday supported by energy and financial stocks, but logged a sharp...

Published 09 Oct, 2023 06:24am

Stocks

Rate-sensitive sectors lead rise in Indian shares on cenbank pause

BENGALURU: Indian shares advanced on Friday, led by gains in rate-sensitive sectors like auto, financials and ...

Published 09 Oct, 2023 06:24am

Asia

China’s Premier Li, thousands of spectators, athletes close 19th Asian Games

HANGZHOU, (China): China’s premier Li Qiang joined thousands of spectators for a colourful and “joy”-themed...

Published 09 Oct, 2023 06:24am

Asia

Hong Kong closes schools, raises warning for Typhoon Koinu

HONG KONG: Hong Kong issued its second-highest storm warning signal on Sunday, prompting the closure of some...

Published 09 Oct, 2023 06:24am

Dr Khizer appointed Director Emergency Department LGH

LAHORE: Post Graduate Medical Institute Principal Prof. Dr. Muhammad Al-Fareed Zafar has appointed Prof. of Urology...

Published 09 Oct, 2023 06:24am

PCB hosts ‘cricket clinic’

LAHORE: The Pakistan Cricket Board (PCB) in its efforts to diversify cricket has arranged a one-day cricket activity...

Published 09 Oct, 2023 06:24am

Customs Peshawar seizes smuggled goods worth Rs252m

PESHAWAR: The Customs Intelligence Peshawar has foiled several smuggling attempts in the last two weeks, seizing...

Published 09 Oct, 2023 06:24am

KP to launch crackdown against power defaulter housing societies

PESHAWAR: The government of Khyber Pakhtunkhwa has decided to launch crackdown against illegal housing societies to...

Published 09 Oct, 2023 06:24am

Pakistan expresses grief over earthquake in Afghanistan

ISLAMABAD: Pakistan on Sunday expressed deep sadness and condolence over loss of precious lives and properties in...

Published 09 Oct, 2023 06:24am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday October 08, 2023

Published 09 Oct, 2023 06:24am

Cheap power during winter months: Package for industry on the cards

The impact of incremental package will be around Rs 25 billion

Updated 09 Oct, 2023 09:53am

Rates

PSX witnesses bullish trend

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on October 06, 2023 on the...

Published 09 Oct, 2023 06:24am

OPEC leaders make case for fossil fuels at Riyadh climate event

RIYADH: OPEC heavyweights said on Sunday oil and gas should not be stigmatised in the climate debate and that the...

Updated 09 Oct, 2023 09:33am

700 Israelis, 400 Palestinians killed

Hamas says it has taken many Israeli captives

Updated 09 Oct, 2023 08:42am

Pakistan for end to oppression

ISLAMABAD: Pakistan on Sunday expressed its solidarity with the Palestinians and called for an immediate end to the...

Updated 09 Oct, 2023 09:05am

SME Bank may stay as SIFC seeks a reactivation plan

ISLAMABAD: The caretaker government is likely to overturn a decision of Shehbaz Sharif-led government on Small and...

Updated 09 Oct, 2023 09:34am

IMF, World Bank meetings: Shamshad-led team leaves for Morocco

ISLAMABAD: Pakistan’s economic team, led by Caretaker Finance Minister Dr Shamshad Akhtar has departed for Morocco...

Updated 09 Oct, 2023 08:42am

Inflation in Nawaz’s tenure was ‘just 2 percent’: Maryam

LAHORE: Pakistan Muslim League-Nawaz (PML-N) Senior Vice President Maryam Nawaz Sunday said that the crowd shows...

Updated 09 Oct, 2023 09:43am

FBR to field DTOs to identify new taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) plans to depute District Taxation Officers Inland Revenue across...

Updated 09 Oct, 2023 09:44am

Bumper cotton crop: Gohar gives credit to Punjab CM

LAHORE: Federal Minister for Industry and Commerce Gohar Ijaz has given credit to Punjab Chief Minister Mohsin Naqvi...

Updated 09 Oct, 2023 09:07am

BMP demands govt slash oil prices

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’ Businessmen Panel (BMP) has asked the...

Updated 09 Oct, 2023 09:37am

FTO barred from initiating action against banking co

ISLAMABAD: Islamabad High Court (IHC) has restrained the Federal Tax Ombudsman (FTO) from taking action against a...

Updated 09 Oct, 2023 08:43am

Energy

Power theft detected at a Lahore hotel, Rs7m fine imposed on owner

LAHORE: Lahore Electric Supply Company (LESCO) has detected pilferage on an electricity connection of a nine-storey...

Published 09 Oct, 2023 06:24am

Energy

FESCO’s DPR Tahir promoted

FAISALABAD: Tahir Mehmood Sheikh, Director Public Relations of Faisalabad Electric Supply Company (FESCO) has been...

Published 09 Oct, 2023 06:24am

Energy

Nepra clarification

ISLAMABAD: Apros a story appeared in Business Recorder on October 7, 2023 titled “hydel projects in KP: KOEN...

Published 09 Oct, 2023 06:24am

Industry

Signing FTAs to improve mutual trade: SCCI

PESHAWAR: President of the Sarhad Chamber of Commerce and Industry Fuad Ishaq stressed the signing of free trade...

Published 09 Oct, 2023 06:24am

Industry

‘Traders’ problems can be solved under the umbrella of PBF’

LAHORE President, Pakistan Business Forum Lahore Momin Ali Malik said PBF is working actively for the progress and...

Published 09 Oct, 2023 06:24am

Cotton & Textile

Weekly Cotton Review: Spot rate decreases amid bearish trend on market

KARACHI: Cotton prices continued to decline. There was a difference of Rs15,00 in price, depending on the quality....

Published 09 Oct, 2023 06:24am

Growing national debt termed ‘a bad omen’

KARACHI: Pakistan’s total debt (external and domestic) is on surge, reaching the historic mark of Rs. 64 trillion...

Published 09 Oct, 2023 06:24am

‘Organic Meat’: First Pakistani firm to export meat to China

BEIJING: In a groundbreaking development for Pakistan’s meat industry, a local meat company named Pakistan’s...

Published 09 Oct, 2023 06:24am

CCER: stupendous task

EDITORIAL: The eleven-member Cabinet Committee for Economic Revival (CCER) has suggested slashing the budgeted...

Updated 09 Oct, 2023 07:01am

Losing trust?

EDITORIAL: Like the lawyers who have been meeting former prime minster and PTI (Pakistan Tehreek-e-Insaf) Chairman...

Published 09 Oct, 2023 06:24am

Commodities

Prices of essential food items show mixed trend

PESHAWAR: Mixed trend in prices of essential food commodities, including vegetables, live chicken/meat, sugar, ...

Published 09 Oct, 2023 06:24am

Money & Banking

Euro zone long-dated yields edge higher after US data

LONDON: Euro zone bond yields were higher late on Friday but below the session’s highs reached after the release ...

Published 09 Oct, 2023 06:24am

Money & Banking

Sterling ticks higher as trader awaits US jobs data

LONDON: Sterling ticked a fraction higher against the dollar on Friday ahead of key US jobs data, while traders...

Published 09 Oct, 2023 06:24am

Money & Banking

Rouble recovers after slump to seven-week

MOSCOW: The Russian rouble recovered ground on Friday, after weakening to a more than seven-week low past 101 ...

Published 09 Oct, 2023 06:24am

Evergrande’s $500m EV share deal suspended, stock to resume trading

HONG KONG: A share sale plan between China Evergrande New Energy Vehicle Group, the electric-vehicle arm of ...

Published 09 Oct, 2023 06:24am

Energy

Turkiye has yet to notify Iraq on oil pipeline: Baghdad

BASRA, (Iraq): Iraq has not received formal notification from Turkiye on whether the oil exports pipeline is ready ...

Published 09 Oct, 2023 06:24am

Money & Banking

BoE approached UK lenders to gauge interest in troubled Metro Bank: FT

LONDON: The Bank of England’s Prudential Regulation Authority approached a number of big UK lenders this week to...

Published 09 Oct, 2023 06:24am

Minister vows to increase country’s IT exports

LAHORE: Expressing his firm resolve to increase the country’s IT exports in the world, the caretaker federal...

Published 09 Oct, 2023 06:24am

Pakistan, China mulling extending CPEC to Afghanistan: ambassador

BEIJING: The China-Pakistan Economic Corridor (CPEC), a pilot project of the Belt and Road Initiative (BRI) is a ...

Published 09 Oct, 2023 06:24am

Industry

Sanallah Khan assumes charge as SVP SCCI

PESHAWAR: Sanaullah Khan has formally assumed charge of his office as senior vice president of the Sarhad Chamber of...

Published 09 Oct, 2023 06:24am

Industry

Only 72pc locomotives of Pakistan Railways functional, says official

ISLAMABAD: Around 72 percent of Diesel-Electric Locomotives (DEL) of Pakistan Railways out of a total of 461 are...

Published 09 Oct, 2023 06:24am

Industry

‘Pakistan has potential to be next hub of IT SMEs’

LAHORE: Pakistan is one of the fastest growing markets in the world in terms of freelancers and it has a huge...

Published 09 Oct, 2023 06:24am

Companies

Birkenstock eyes pricing IPO at top of range

NEW YORK: Birkenstock Holding Ltd has secured enough commitments from investors to price its US initial public...

Published 09 Oct, 2023 06:24am

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	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 19	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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