News Archives for Print - 2023-11-17

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Print - 2023-11-17

Xi tells US firms China ready to be partner and friend

SAN FRANCISCO: China is ready to be a partner and friend of the United States, and there is plenty of room for...

Published 17 Nov, 2023 06:06am

Fire in Chinese coal firm’s office kills 25

BEIJING: Twenty-five people were killed in a fire at a coal company’s office building in China’s northern Shanxi...

Published 17 Nov, 2023 06:06am

No more needles? Gates Foundation funds patch-style vaccine technology

LONDON: The Bill & Melinda Gates Foundation has given $23.6 million to US-based life science company Micron...

Published 17 Nov, 2023 06:06am

Sweden’s NATO bid delayed in Turkish parliament

ANKARA: The Turkish parliament’s foreign affairs commission delayed a vote on Sweden’s NATO membership bid on...

Published 17 Nov, 2023 06:06am

Biden removes sanctions from Chinese institute in push for fentanyl help

WASHINGTON: The Biden administration on Thursday removed the Chinese Ministry of Public Security’s Institute of...

Published 17 Nov, 2023 06:06am

UN urges international probe into Israel-Hamas war violations

GENEVA: The UN human rights chief on Thursday highlighted allegations of serious rights violations in the...

Published 17 Nov, 2023 06:06am

Emirates airline announces order for 15 Airbus A350-900s

DUBAI: Dubai-based Emirates on Thursday announced an order for 15 long-haul Airbus A350-900s, bringing to 110 the...

Published 17 Nov, 2023 06:06am

Azerbaijan rejects Armenia peace talks planned in US

BAKU: Azerbaijan on Thursday refused to participate in normalisation talks with arch-foe Armenia that were planned ...

Published 17 Nov, 2023 06:06am

Israel takes Gaza port, battles Hamas fighters

GAZA STRIP: Israeli troops on Thursday advanced their campaign to destroy Hamas in Gaza, fighting gun battles and...

Published 17 Nov, 2023 06:06am

Global debt edges to fresh record, populism could push it higher: IIF

LONDON: Global debt edged up to a record $307.4 trillion in the third quarter, and the debt-to-output ratio in...

Published 17 Nov, 2023 06:06am

France warns Iran against escalating Gaza conflict across region

PARIS: France’s foreign minister said she had told her Iranian counterpart on Thursday that Tehran would bear a...

Published 17 Nov, 2023 06:06am

Rich nations ‘likely’ met $100bn climate finance goal: OECD

PARIS: Wealthy nations likely met their goal of providing $100 billion in annual climate finance to poorer nations...

Published 17 Nov, 2023 06:06am

Norway parliament says be ready for Palestinian state ‘recognition’

OSLO: Norway’s parliament on Thursday adopted a resolution calling on the government to be ready to recognise an...

Published 17 Nov, 2023 06:06am

Fear grows for patients inside Gaza hospital

GAZA/OCCUPIED JERUSALEM: Palestinian medics said on Thursday they are increasingly afraid for the lives of hundreds...

Published 17 Nov, 2023 06:06am

Biden, Xi agree to ease tensions

WOODSIDE, (United States): US President Joe Biden hailed his “most constructive” talks with Chinese President Xi...

Published 17 Nov, 2023 06:06am

Arrests over May 9 incidents: ICA challenges SC’s verdict against trial of civilians in military courts

ISLAMABAD: The Supreme Court has been urged to set aside its verdict that declared the trial of civilians, arrested...

Published 17 Nov, 2023 06:06am

Nawaz, Dar, others meet businesspeople

LAHORE: Former prime minister Nawaz Sharif, on his historic visit to Lahore Chamber of Commerce and Industry, has...

Published 17 Nov, 2023 06:06am

IMF, EU officials regularly visit IK in Adiala Jail, claims Elahi

LAHORE: Pakistan Tehreek-i-Insaf (PTI) President Chaudhry Parvez Elahi on Thursday said that no one pressurized him...

Published 17 Nov, 2023 06:06am

Bilawal makes veiled attack on Nawaz, IK

ABBOTTABAD: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari addressed a historic workers convention...

Published 17 Nov, 2023 06:06am

NCA to hold Level-1 coaching course for 29 women cricketers from today

LAHORE: The involvement and participation of Pakistan women in mainstream cricket continues, as on the initiative of...

Published 17 Nov, 2023 06:06am

‘Setting up of internet exchanges most critical action for security, data protection’

ISLAMABAD: The establishment of internet exchanges is currently deemed as the most critical action for national...

Published 17 Nov, 2023 06:06am

IK’s plea: court seeks reply from prosecution

ISLAMABAD: A local court on Thursday issued notices on Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s plea...

Published 17 Nov, 2023 06:06am

Proceedings against IK in cypher case: IHC extends stay order

ISLAMABAD: The Islamabad High Court (IHC), Thursday, extended its stay order in the proceedings against Pakistan...

Published 17 Nov, 2023 06:06am

Pakistan re-elected to Unesco Executive Board for 2023-27

ISLAMABAD: Pakistan was re-elected to the Executive Board of the United Nations Educational, Scientific and Cultural...

Published 17 Nov, 2023 06:06am

PM, ministers submit statements of assets, liabilities to ECP

ISLAMABAD: Caretaker Prime Minister Anwaar ul Haq Kakar owned inherited agricultural land of 20 acres that valued...

Published 17 Nov, 2023 06:06am

Faizabad sit-in: ‘Manipulation resorted to in court by not fixing review pleas against SC judgment’

ISLAMABAD: The Supreme Court acknowledged that manipulation resorted to in the Court by not fixing the review...

Published 17 Nov, 2023 06:06am

Anti-money laundering law: Notices being issued to BoDs of companies

LAHORE: The Directorate of Intelligence and Investigation (I&I) Inland Revenue, under the garb of...

Published 17 Nov, 2023 06:06am

Soldier martyred, four terrorists killed in two KP IBOs: ISPR

RAWALPINDI: Security forces killed four terrorists in an Intelligence-Based Operation (IBO) in the general area of...

Published 17 Nov, 2023 06:06am

Captaincy: Afridi says not lobbying for Shaheen

LAHORE: Former Pakistan cricket captain Shahid Khan Afridi has denied any involvement in discussions or lobbying for...

Published 17 Nov, 2023 06:06am

Punjab govt announces new steps to overcome challenge of smog

LAHORE: Announcing measures to cope with the smog challenge in the provincial capital, the Punjab government...

Published 17 Nov, 2023 06:06am

‘International Day for Tolerance’ observed

FAISALABAD: On the day of International Day for Tolerance, the Department of International Relations GC University...

Published 17 Nov, 2023 06:06am

Degrees awarded to 3,799 students at UMT convocation

LAHORE: University of Management and Technology (UMT) held its 25th Convocation 2023 on Thursday, at its campus in...

Published 17 Nov, 2023 06:06am

SIFC to act as a catalyst transforming country’s economy

In recent times, the economic landscape in Pakistan has witnessed a groundbreaking transformation with the advent of...

Updated 17 Nov, 2023 06:36am

The Weather

KARACHI: The weather report on Thursday (November 16, 2023) and the forecast for Friday (November 17, 2023)...

Published 17 Nov, 2023 06:06am

˜Business innovation is process of generating new ideas

KARACHI: The Department of Computer Science and Information Technology of Sir Syed University of Engineering &...

Published 17 Nov, 2023 06:06am

Alkhidmat Karachi rescue, relief training completes

KARACHI: Alkhidmat Karachi four-day rescue and relief training for the volunteers serving in disaster operations has...

Published 17 Nov, 2023 06:06am

Hafeez expresses gratitude to Zaka

LAHORE: Former Test captain Mohammad Hafeez has expressed gratitude to the Chairman PCB Management Committee Zaka...

Published 17 Nov, 2023 06:06am

JI women hold eighth solidarity march for Palestine

KARACHI: The Jamaat-e-Islami (JI) women on Thursday held its eighth Palestine Solidarity March to show unity with ...

Published 17 Nov, 2023 06:06am

Jordanian field hospital: Pakistan condemns Israeli bombardment

ISLAMABAD: Pakistan has strongly condemned the bombardment by Israeli Occupation Forces in the surroundings of a...

Published 17 Nov, 2023 06:06am

PDM parties will be asked to form alliance ahead of elections: PTI

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Thursday claimed that all the political parties which were part of...

Published 17 Nov, 2023 06:06am

PFA destroys vegetables irrigated from wastewater

LAHORE: The Punjab Food Authority (PFA) on Thursday uprooted unhealthy vegetable crops by ploughing 320 marla land...

Published 17 Nov, 2023 06:06am

Pre-arrest bail granted to anchorperson

LAHORE: A sessions’ court on Thursday granted pre-arrest bail to anchorperson Imran Riaz Khan in a cybercrime case...

Published 17 Nov, 2023 06:06am

Two uplift projects in Lahore near completion

LAHORE: Work is speedily underway on the Cavalry Ground underpass and the Ghorra Chowk flyover and both the...

Published 17 Nov, 2023 06:06am

Rates

Index crosses 57,000-point level

KARACHI: Pakistan Stock Exchange on Thursday witnessed another bullish session and hit new highest ever historic...

Published 17 Nov, 2023 06:06am

PARTLY FACETIOUS: Kabira khara bazaar mein

“You heard of Judas?” “Isn’t he the one who betrayed Jesus Christ?” “Yes. According to Christianity’s...

Published 17 Nov, 2023 06:06am

IMF review & state of economy

I expect an agreement on the review to come within this week, so, any day now. I can say that Pakistani authorities,...

Updated 17 Nov, 2023 06:31am

Climate change crisis: the world must do better and fast

As the 28th edition of the ‘Conference of the Parties’ (COP) is scheduled to be held during November 30-December 12...

Updated 17 Nov, 2023 12:45pm

Letters

Loss-making SOEs: all is not lost

This is apropos a Business Recorder op-ed “SOEs in Pakistan, India, and Bangladesh” carried by the newspaper on...

Published 17 Nov, 2023 06:06am

Stocks

Wall St rally takes breather as Cisco, Walmart drop

NEW YORK: Wall Street’s main indexes fell on Thursday, dragged down by Cisco and Walmart following underwhelming...

Published 17 Nov, 2023 06:06am

Stocks

European shares fall after three days of gains

PARIS: Europe’s benchmark index fell on Thursday, dragged down by energy stocks, following a three-day run of ...

Published 17 Nov, 2023 06:06am

Stocks

Gulf bourses end higher on bets for end of rate-hike cycle

DUBAI: Stock markets in the Gulf ended higher on Thursday, as rising expectations of an end to the US Federal...

Published 17 Nov, 2023 06:06am

Stocks

China stocks fall on ‘disappointing’ Biden-Xi meeting

SHANGHAI: Chinese stocks closed lower on Monday as investors were disappointed by a meeting between the leaders of...

Published 17 Nov, 2023 06:06am

Stocks

IT stocks power Indian blue-chips to four-week highs

BENGALURU: Indian blue-chip indexes shrugged off a weak start on Thursday to end at four-week highs as IT stocks...

Published 17 Nov, 2023 06:06am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 90,046 tonnes of cargo comprising 62,241 tonnes of import cargo and 27,805...

Published 17 Nov, 2023 06:06am

Energy

Oil prices dive

HOUSTON: Oil prices fell more than $3 a barrel on Thursday, extending losses from the previous session, as investors...

Published 17 Nov, 2023 06:06am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday (November 16, 2023)...

Published 17 Nov, 2023 06:06am

Cotton & Textile

Slow business on cotton market

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

Published 17 Nov, 2023 06:06am

Commodities

Asia rice: India rates gain on higher demand

BENGALURU/MUMBAI/HANOI/BANGKOK/BANGLADESH: Rice prices rose in most Asian centers this week, with export rates for...

Published 17 Nov, 2023 06:06am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 13.468...

Published 17 Nov, 2023 06:06am

Rates

LME official prices

LONDON: The following were Wednesday official prices. ========================================= ALUMINIUM...

Published 17 Nov, 2023 06:06am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 17 Nov, 2023 06:06am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (November 16, 2023). ========================== KIBOR...

Published 17 Nov, 2023 06:06am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (November...

Published 17 Nov, 2023 06:06am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (November 16, 2023). ======================== Open ...

Published 17 Nov, 2023 06:06am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (November 16, 2023)....

Published 17 Nov, 2023 06:06am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 16, 2023)....

Published 17 Nov, 2023 06:06am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (November 16, 2023)...

Published 17 Nov, 2023 06:06am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (November 16, 2023). ======================================= ...

Published 17 Nov, 2023 06:06am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (November 16, 2023). ==================================== ...

Published 17 Nov, 2023 06:06am

SIFC satisfied with SOE sell-off progress

Ministries present progress on projects identified in key sectors

Updated 17 Nov, 2023 10:06am

Shamshad says another gas price hike to take place in Jan

ISLAMABAD: While emphasizing the importance of remaining in the International Monetary Fund (IMF) programme for...

Updated 17 Nov, 2023 08:38am

PIA sell-off: PC Board tasks FA to prepare plan by Dec-end

ISLAMABAD: The Privatisation Commission (PC) Board has tasked Financial Advisor Ernest & Young-led consortium to...

Updated 17 Nov, 2023 09:45am

Investment co-op in energy sector: ‘Framework’ may be signed during PM’s visit to UAE

ISLAMABAD: The United Arab Emirates (UAE) and Pakistan are likely to sign a framework on investment cooperation in...

Updated 17 Nov, 2023 09:48am

ADB’s ACSR Bunting Conductor: Chinese firm urges authorities to reevaluate tender

ISLAMABAD: Chinese firm M/s Henan Tonga-Da Cable Co Ltd has urged Pakistani authorities to undertake reevaluation of...

Updated 17 Nov, 2023 10:04am

Forex reserves fall by $79m

KARACHI: The country’s total liquid foreign exchange reserves fell by $79 million during the last week due to...

Updated 17 Nov, 2023 08:39am

RDAs: foreign inflows surge to $6.9bn mark

KARACHI: Foreign inflow under the Roshan Digital Accounts (RDAs) surged to $ 6.9 billion mark at the end of October...

Updated 17 Nov, 2023 10:04am

DII initiative: ECC allows release of Rs5bn

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed release of Rs 5 billion for one-time...

Updated 17 Nov, 2023 09:47am

Ogra and PRL ink ‘crucial’ agreement

ISLAMABAD: In a landmark development aligning with Pakistan’s refining policy, the Oil and Gas Regulatory Authority...

Updated 17 Nov, 2023 08:38am

Afghanistan: Govt will continue to find ways to facilitate transit trade: FO

ISLAMABAD: Pakistan said on Thursday that it is finding ways to felicitate Afghan transit trade and also introducing...

Updated 17 Nov, 2023 09:40am

Appropriate levels of authority: Secretaries’ body seeks guidelines from ministry

ISLAMABAD: The Secretaries Committee has asked the Ministry of Law and Justice to provide guidelines and proforma to...

Updated 17 Nov, 2023 08:59am

Commodities

Gold prices fall

KARACHI: Gold prices on Thursday posted a little decline on the local market, traders said. They went down by Rs500...

Published 17 Nov, 2023 06:06am

Staff-level agreement reached

EDITORIAL: The staff-level agreement (SLA) on the first review of the nine-month 3 billion dollar International...

Published 17 Nov, 2023 06:06am

Crown of thorns

EDITORIAL: Political parties have no bigger mission than contesting elections and forming government, quite...

Published 17 Nov, 2023 06:06am

Conference held to mark BRI’s 10th anniversary

KARACHI: The Ambassador of China in Pakistan Jiang Zaidong reiterated the dedication to improving people’s...

Published 17 Nov, 2023 06:06am

Commodities

Gold prices higher

BENGALURU: Gold prices rose on Thursday as the US Treasury yields edged lower, amid prospects that the Federal...

Published 17 Nov, 2023 06:06am

Commodities

Japanese rubber up on fears of raw material shortage

SINGAPORE: Japanese rubber futures climbed to a one-month high on Thursday, amid speculations of raw material...

Published 17 Nov, 2023 06:06am

Commodities

Rain in Vietnam’s coffee belt slows harvest peak

HANOI/BANDAR LAMPUNG: Domestic coffee prices in Vietnam climbed this week as fresh supply from the new harvest is ...

Published 17 Nov, 2023 06:06am

Commodities

Malaysian palm oil futures down

JAKARTA: Malaysian palm oil futures closed lower on Thursday, tracking a decline in soyoil prices on the Chicago...

Published 17 Nov, 2023 06:06am

Commodities

Chicago soyabean futures retreat from 2-1/2-month high on improved weather outlook

CANBERRA: Chicago soyabean futures retreated on Thursday from a 2-1/2-month high reached in the previous session as...

Published 17 Nov, 2023 06:06am

Commodities

Copper hits six-week highs

LONDON: Copper climbed to six-week highs on Thursday as lower inventories triggered a flurry of buying that took...

Published 17 Nov, 2023 06:06am

Commodities

Dalian iron ore drops

SINGAPORE: Dalian iron ore futures fell on Thursday, as Chinese authorities intervened to control soaring prices and...

Published 17 Nov, 2023 06:06am

Target set to enhance pharmaceutical exports to $1bn in FY24: DRAP

KARACHI: The government, along with all stakeholders of the sector, has set a target to enhance pharmaceutical...

Published 17 Nov, 2023 06:06am

Oil prices hit 4-month low on concerns about US, Chinese economy

NEW YORK: Oil prices dropped more than 5% on Thursday to their lowest in four months, as investors worried about...

Published 17 Nov, 2023 06:06am

Energy

HSD, petrol: Ogra accepts claim of PSO exchange rate adjustment

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) accepted the claim of Pakistan State Oil (PSO) exchange rate...

Published 17 Nov, 2023 06:06am

Industry

Belgium reaffirms commitment to work together on multilateral fora

ISLAMABAD: Pakistan and Belgium have reaffirmed their joint commitment to work together towards shaping a better...

Published 17 Nov, 2023 06:06am

Exports: PBF demands govt issue 15pc rebate for one year

KARACHI: The Pakistan Business Forum (PBF) has demanded the government to issue 15 percent rebate for a period of ...

Published 17 Nov, 2023 06:06am

Afghan transit trade: Four-member body to probe abnormal increase in volume of goods

ISLAMABAD: Caretaker Prime Minister Anwaarul Haq has constituted a four-member committee to investigate abnormal...

Published 17 Nov, 2023 06:06am

Challenge of smuggling from Iran, Afghanistan: Govt urged to allow steel import only by sea

ISLAMABAD: The documented steel sector on Thursday proposed the caretaker government to allow import of steel only...

Published 17 Nov, 2023 06:06am

Companies

Mari Petroleum signs MoU with KUFPEC

ISLAMABAD: Mari Petroleum Company Limited (MPCL) announced that it has entered into a Memorandum of Understanding...

Published 17 Nov, 2023 06:06am

Industry

‘Telecom Infrastructure Sharing Framework’ approved

ISLAMABAD: The government has approved Telecom Infrastructure Sharing Framework (TISF) which would provide a...

Published 17 Nov, 2023 06:06am

Previous Day

Forex
World
Commodity

Currency	Rate

Stock	Volume

Item	Value
Petrol/Litre / Jan 1	252.10

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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