News Archives for Print - 2023-10-23

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Print - 2023-10-23

US sees notable risk of attacks on Mideast interests

GAZA/OCCUPIED JERUSALEM: Fears that the Israel-Hamas war could mushroom into a wider Middle East conflict rose on...

Published 23 Oct, 2023 05:58am

Shaheen says team will perform well

LAHORE: Pakistani pacer Shaheen Afridi has expressed optimism of good show in the remaining matches of the World Cup...

Published 23 Oct, 2023 05:58am

‘Uncertainty’ as Argentines vote, seeking elixir for economic ills

BUENOS AIRES: Argentines voted Sunday in a presidential election dominated by fury over decades of economic decline...

Published 23 Oct, 2023 05:58am

China says force ‘not way’ to resolve Israeli-Palestinian conflict

BEIJING: China believes “force is not a way to resolve” the Israeli-Palestinian conflict and is once again...

Published 23 Oct, 2023 05:58am

Africa

Tanzania signs deals with DP World to operate Dar es Salaam port berths

DAR ES SALAAM: Tanzania on Sunday signed agreements with Dubai state-owned ports operator DP World to operate part ...

Published 23 Oct, 2023 05:58am

Europe

Russian strike on Ukraine mail depot kills six

KYIV, (Ukraine): Russian missile strikes killed at least six postal workers and wounded 17 others Saturday when they...

Published 23 Oct, 2023 05:58am

Middle East

Israeli strikes knock out Damascus, Aleppo airports

DAMASCUS: Israeli strikes on Sunday put out of service war-torn Syria’s two main airports, state media reported...

Published 23 Oct, 2023 05:58am

Climate tech startups get growing share of muted global venture capital: PwC

LONDON: Investment and grants in climate tech startups have fallen just over 40% over the last 12 months, but that...

Published 23 Oct, 2023 05:58am

Europe

Atlantic hurricanes strengthening faster: study

PARIS: Atlantic hurricanes are now more likely to quickly strengthen from weak storms than during the 1970s and 80s,...

Published 23 Oct, 2023 05:58am

South Korea, US, Japan hold first joint air drills

SEOUL: South Korea, the United States and Japan carried out their first joint aerial drills on Sunday, Seoul’s...

Published 23 Oct, 2023 05:58am

Europe

Thousands gather in Paris for first authorised pro-Palestinian demo since Oct 7 Hamas attacks

PARIS: Thousands of people waving Palestinian flags and chanting “Gaza, Paris is with you” gathered on Sunday ...

Published 23 Oct, 2023 05:58am

Europe

Pope, Biden discuss Israel-Hamas conflict, other wars: Vatican

VATICAN CITY: Pope Francis and US President Joe Biden discussed the Israel-Hamas conflict and other wars in a...

Published 23 Oct, 2023 05:58am

Hindko Academy sets up ‘Persian section’

PESHAWAR: The Gandhara Hindko Academy, Peshawar, has set up a Persian Section for comparative research and ...

Published 23 Oct, 2023 05:58am

US advises citizens not to travel to Iraq after recent attacks on US personnel

WASHINGTON: The US State Department said on Sunday US citizens should not travel to Iraq after recent attacks on...

Published 23 Oct, 2023 05:58am

Middle East

Three killed in clashes between Iraqi army and Kurdish Peshmerga

MOSUL, (Iraq): Two Iraqi soldiers were killed and a fighter of the Kurdish Peshmerga forces also died on Sunday as...

Published 23 Oct, 2023 05:58am

Fearing internal strife from Gaza war, Israel arms civilian security squads

OCCUPIED JERUSALEM: Israel has set up hundreds of volunteer security squads in the two weeks since the Gaza war...

Published 23 Oct, 2023 05:58am

Bilawal pays tribute to Begum Nusrat Bhutto

KARACHI/ISLAMABAD: Chairman Pakistan People’s Party (PPP) Bilawal Bhutto Zardari has said that Madar-e-Jamhuriat...

Published 23 Oct, 2023 05:58am

CM for ending gender-based wage discrimination

KARACHI: Caretaker Sindh Chief Minister Justice Maqbool Baqar has directed the Labour Department to activate its...

Updated 23 Oct, 2023 09:21am

PIA suspends its operations?

KARACHI: Pakistan International Airlines’ (PIA) flight operations were ‘completely suspended’, as 77 flights were...

Updated 23 Oct, 2023 08:44am

‘Go Fund UK’ holds free eye camp

FAISALABAD: Go Fund UK organised its 4th free eye camp at Narwala Bungalow Faisalabad from October 21, 2023, which...

Published 23 Oct, 2023 05:58am

SPARC for levying health-related charges on tobacco products

LAHORE: Emphasizing the need for strengthening the tobacco control landscape in Pakistan, health professionals ...

Published 23 Oct, 2023 05:58am

‘New generation doesn’t give due respect to parents’

LAHORE: Begum Governor Punjab Ayesha Baligh met women living in the old age home here at Governor House Lahore...

Published 23 Oct, 2023 05:58am

Punjab CM visits flyover project

LAHORE: Chief Minister Punjab Mohsin Naqvi visited Akbar Chowk flyovers project Sunday. He inspected the flyover...

Published 23 Oct, 2023 05:58am

Minister assails Muslim rulers for ignoring plight of besieged Palestinians

ISLAMABAD: Caretaker Religious Affairs Minister Aneeq Ahmed has lambasted the leaders of the Muslim countries for ...

Published 23 Oct, 2023 05:58am

Sanjrani to leave for China to attend global moot

ISLAMABAD: Faced with strong criticism from the mainstream political parties, Pakistan People’s Party (PPP) and...

Published 23 Oct, 2023 05:58am

Peshawar to become second loadshedding-free city of KP

PESHAWAR: The Khyber Pakhtunkhwa government has decided to make Peshawar, the provincial capital, a...

Published 23 Oct, 2023 05:58am

Jati Umrah becomes centre of political activities

LAHORE: Jati Umrah, the Raiwind residence of the PML-N supremo has again become centre of political activities and...

Published 23 Oct, 2023 05:58am

ISSI to inaugurate ‘ASEAN Corner’ today

ISLAMABAD: The Institute of Strategic Studies Islamabad (ISSI) has established an ‘ASEAN Corner’ which will be...

Published 23 Oct, 2023 05:58am

World community urged to express support to rights of Palestinians

ISLAMABAD: Pakistan Ulema Council Chairman, Hafiz Muhammad Tahir Mahmood Ashrafi unequivocally expressed support for...

Published 23 Oct, 2023 05:58am

KE staffers ‘abducted and tortured’ in Surjani

KARACHI: K-Electric (KE) staffers have been ‘abducted and tortured by PMT mafia’ in Karachi’s Surjani Town ...

Published 23 Oct, 2023 05:58am

Benazir varsity Khairpur: Abid Lakhani made syndicate member

KARACHI: A significant development in the realm of higher education in Sindh comes to the forefront as Chancellor...

Published 23 Oct, 2023 05:58am

Strategy prepared to deal with poliovirus challenge

ISLAMABAD: Caretaker Health Minister Dr Nadeem Jan, Sunday, said the caretaker federal government has made a ...

Published 23 Oct, 2023 05:58am

Mengal urged to postpone Quetta rally

QUETTA: Balochistan Information Minister Jan Achakzai has stated that BNP (M) Chief Akhtar Mengal is involved in a...

Published 23 Oct, 2023 05:58am

DG Rangers Sindh visits Nooriabad industrial area

KARACHI: Director-General (DG) Rangers Sindh Major General Azhar Waqas on Sunday visited the Nooriabad Executive ...

Published 23 Oct, 2023 05:58am

Rice farmers stage sit-in against low price

JACOBABAD: The rice farmers of Garhi Khairo on Sunday staged a protest sit-in against paddy price being offered to...

Published 23 Oct, 2023 05:58am

Food security: SIFC urged to lay focus on saline water irrigation

KARACHI: Saline water irrigation in Thar and other desert areas where salt water lakes are present can turn our...

Published 23 Oct, 2023 05:58am

Nine accused move SC against trial by military courts

ISLAMABAD: Nine accused of the May 9 incident have approached the Supreme Court in a case against the trial of...

Published 23 Oct, 2023 05:58am

Siraj questions govt’s response to Turbat killings

SHUJAABAD: Jamaat-e-Islami chief Sirajul Haq expressed deep concern over the alarming surge in crimes across ...

Published 23 Oct, 2023 05:58am

PML-N rally: Solangi defends live coverage by PTV

ISLAMABAD: Caretaker Information Minister Murtaza Solangi, Sunday, attempted to justify the live coverage on PTV...

Published 23 Oct, 2023 05:58am

IPP seeks explanation from Aun

LAHORE: The Istehkam-e-Pakistan Party (IPP) has sought a written explanation from Aun Chaudhry to clarify the...

Published 23 Oct, 2023 05:58am

Kundi sees conspiracy behind election delay

KARACHI: Pakistan Peoples Party (PPP) leader Faisal Karim Kundi has said that a planned effort to manipulate the...

Published 23 Oct, 2023 05:58am

New fleet of buses arrives: Sharjeel

KARACHI: PPP leader Sharjeel Inam Memon , in a tweet, shared exciting news for the residents of Karachi. He ...

Published 23 Oct, 2023 05:58am

University of Sindh: 9,240 candidates take entrance test

HYDERABAD: The University of Sindh, Jamshoro on Sunday held a phase-wise pre-entry test for admissions to a range of...

Published 23 Oct, 2023 05:58am

The Weather

KARACHI: The weather report on Sunday (October 22, 2023) and the forecast for Monday (October 23, 2023)....

Published 23 Oct, 2023 05:58am

Rates

PSX witnesses bullish trend

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on October 20, 2023 on the...

Published 23 Oct, 2023 05:58am

Rates

Futures spread up 332bps

KARACHI: The futures spread increased by 332bps to 18.05 percent on the last day of the outgoing week. Trading...

Published 23 Oct, 2023 05:58am

Rates

USD snaps PKR’s rally

KARACHI: After a lengthy appreciation run, the rupee snapped its rally against the US dollar and closed Rs1.18 or...

Published 23 Oct, 2023 05:58am

Moot discusses Pak-Russian ties

KARACHI: Pakistan Council on Foreign Relations (PCFR), a Karachi-based think tank, hosted an interactive session on...

Updated 23 Oct, 2023 09:05am

Energy

Expert explains how hike in power tariffs hurting people

KARACHI: Extraordinary increase in the electricity charges has become a menace for the common man and industry, ...

Published 23 Oct, 2023 05:58am

Energy

Grid station energised to facilitate industrial units

PESHAWAR: A 132KV Grid Station has been formally energized in Hattar Special Economic Zone to provide uninterrupted...

Published 23 Oct, 2023 05:58am

Economy: performance of the caretakers

Continued deterioration of key macroeconomic statistics pertaining to the general state of the economy as well as to...

Published 23 Oct, 2023 05:58am

Economy: performance of govts since Gen Musharraf’s bloodless coup

Lately, economic performance under various regimes based on certain indicators is the current focus of debate in the...

Published 23 Oct, 2023 05:58am

‘Crisis resilient urban futures: The future of Asian and Pacific cities 2023’

Cities have always been dynamic hubs of culture, education, economic growth and opportunity, and most importantly,...

Published 23 Oct, 2023 05:58am

Letters

Political puzzles

Political parties, particularly Pakistan Tehreek-e-Insaf (PTI), are greatly irked by the official protocol the...

Published 23 Oct, 2023 05:58am

GSP+ rollover requires greater attention to sustainability

The GSP+ scheme has been extended for Pakistan for four additional years. However, the threat is not over. It is...

Published 23 Oct, 2023 05:58am

Stocks

Wall St ends sharply lower with tech, financials; Mideast fears increase

NEW YORK: Major US stock indexes ended sharply lower on Friday, with technology and financial shares among the...

Published 23 Oct, 2023 05:58am

Stocks

Miners drag Australian shares lower

SYDNEY: Australian shares extended losses to a second session on Friday, weighed down by mining stocks, as investors...

Published 23 Oct, 2023 05:58am

Stocks

Treasuries: US yields slide on Mideast worries, 10-year just under 5pc

NEW YORK: US Treasury prices rebounded on Friday as investors sought the safety of bonds amid fears of an escalating...

Published 23 Oct, 2023 05:58am

Stocks

Sri Lanka shares higher after agreement on bailout with IMF

BENGALURU: Sri Lankan shares closed higher on Friday, after the island-nation and the International Monetary Fund...

Published 23 Oct, 2023 05:58am

Stocks

Abu Dhabi stock index at 15-month low

DUBAI: Abu Dhabi’s stock market index dropped to its lowest in 15 months on Friday on fears that the fighting...

Published 23 Oct, 2023 05:58am

Stocks

Gulf bourses drop amid hawkish Fed tone, Mideast conflict

RIYADH: Stock markets in the Gulf fell on Sunday amid warnings of possible further interest rate hikes from the U.S...

Published 23 Oct, 2023 05:58am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday October 22, 2023

Published 23 Oct, 2023 05:58am

From Libor to SOFR: DFIs anxiously waiting for transition

10 Development Finance Institutions wait for transition from USD London Interbank Offer Rate to Secured Over Night Financing Rate in Pakistani energy sector

Updated 23 Oct, 2023 10:11am

FTO summons FBR officials for ignoring tax-related queries

Islamabad: The Federal Tax Ombudsman (FTO) has summoned Member Inland Revenue (Operations) Federal Board of Revenue...

Updated 23 Oct, 2023 09:03am

SC informed about start of civilians’ trial in military courts

ISLAMABAD: The federal government has filed a miscellaneous petition in the Supreme Court, informing the apex court...

Updated 23 Oct, 2023 08:45am

Taxes

Immovable properties in the UAE, UK: Rental income of resident Pakistanis taxable in country: expert

ISLAMABAD: The rental income of resident Pakistanis, having immovable properties in the United Kingdom (UK) and...

Updated 23 Oct, 2023 10:21am

Pak-Iranian border can be turned into ‘economic border’: envoy

LAHORE: Iranian Ambassador in Pakistan Dr Reza Amiri Mughaddam on Sunday suggested that 950-km long Pakistan and...

Updated 23 Oct, 2023 08:44am

ATT: traders demand review of ban on 14 items

PESHAWAR: Pakistani and Afghan traders have called for review of the recent restrictions on import of 14 items under...

Updated 23 Oct, 2023 09:04am

Industry

PHMA elects new office-bearers

FAISALABAD: The Pakistan Hosiery Manufacturers Association (PHMA) has elected Nahid Abbas and Farrukh Iqbal ...

Published 23 Oct, 2023 05:58am

‘Investors are getting facilities through SIFC’

LAHORE: Pakistan is providing foreign investment facilities in various sectors through Special Investment...

Updated 23 Oct, 2023 10:09am

Industry

PHA plans olive cultivation at a 250-acre orchard

LAHORE: The Parks and Horticulture Authority (PHA) of Lahore is in the process of adopting an ambitious business...

Published 23 Oct, 2023 05:58am

LCCI, PCMEA ink MoU to improve ties

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) and Pakistan Carpet Manufacturers and Exporters...

Published 23 Oct, 2023 05:58am

Cotton & Textile

Weekly Cotton Review: Prices slightly rise amid low business volumes

KARACHI: The prices of cotton increased a little bit after slump. Punjab caretaker chief minister Mohsin Naqvi has...

Published 23 Oct, 2023 05:58am

Money & Banking

Relief provided to banking customers

ISLAMABAD: The Banking Mohtasib Pakistan provided monetary relief of an amount of Rs 972.33 million to the banking...

Published 23 Oct, 2023 05:58am

Equal sharing with provinces

EDITORIAL: According to a Business Recorder exclusive, the caretaker federal government has directed all relevant...

Published 23 Oct, 2023 05:58am

Refusal to reckon with colonial past

EDITORIAL: The outcome of the recently held referendum in Australia that sought to address the entrenched inequality...

Published 23 Oct, 2023 05:58am

Prices of daily-use items remain high despite cut in fuel rates

PESHAWAR: Prices of daily use items like vegetables, pulses, sugar, flour, live chicken/meat are still high in the...

Updated 23 Oct, 2023 09:19am

Money & Banking

Indian rupee logs best day in 3 weeks

MUMBAI: The Indian rupee logged its biggest one-day advance in three weeks against the dollar on Friday, helped by...

Published 23 Oct, 2023 05:58am

Money & Banking

Australia, NZ dollars near 11-month lows

SYDNEY: The Australian and New Zealand dollars edged lower on Friday to just a whisker of their 11-month lows, again...

Published 23 Oct, 2023 05:58am

Money & Banking

China’s yuan eases against dollar on widening yield gap

SHANGHAI: China’s yuan weakened against the dollar on Friday, pressured by a widening yield differential between...

Published 23 Oct, 2023 05:58am

Money & Banking

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 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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