News Archives for Print - 2023-11-18

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Print - 2023-11-18

China, Japan reaffirm ‘strategic relationship’ in rare leader talks

SAN FRANCISCO: Chinese President Xi Jinping and Japanese Prime Minister Fumio Kishida said they would pursue ...

Published 18 Nov, 2023 06:03am

Tajikistan to link up with China telecom network

DUSHANBE, (Tajikistan): Tajikistan announced plans Friday to link with China’s telecommunications network in order...

Published 18 Nov, 2023 06:03am

South Asia

Maldives new leader vows to evict Indian troops

MALÉ, (Maldives): President Mohamed Muizzu of the Maldives vowed Friday to expel Indian troops deployed in the...

Published 18 Nov, 2023 06:03am

Wahab Riaz made chief selector of selection committee

LAHORE: Former Pakistan fast bowler Wahab Riaz has been appointed as the chief selector of the national men’s...

Published 18 Nov, 2023 06:03am

Interim bail of Bushra Bibi extended

ISLAMABAD: The Accountability Court, on Friday, extended the interim bail of Pakistan Tehreek-e-Insaf (PTI) Chairman...

Published 18 Nov, 2023 06:03am

Gohar Ayub passes away

ISLAMABAD: Gohar Ayub Khan, 86, former Speaker National Assembly of Pakistan and former foreign minister, breathed...

Published 18 Nov, 2023 06:03am

PPP to address rising unemployment, inflation: Bilawal

MARDAN: Chairman of the Pakistan People’s Party, Bilawal Bhutto Zardari here on Friday said the welfare of the...

Published 18 Nov, 2023 06:03am

Economic uplift should be top priority of next govt: PPP

KARACHI: The economic development through revival of business activities should be the utmost priority of the...

Published 18 Nov, 2023 06:03am

Recruitments: IGP Sindh for adherence to merit

KARACHI: Inspector General of Police (IGP) Sindh Riffat Mukhtar has underscored the need to ensure merit in...

Published 18 Nov, 2023 06:03am

PTI denounces ‘tricks’ aimed at depriving IK of justice

ISLAMABAD: The core committee of Pakistan Tehreek-e-Insaf (PTI) on Friday strongly denounced the never-ending...

Published 18 Nov, 2023 06:03am

LDA decides to use drone technology for surveys

LAHORE: The Lahore Development Authority (LDA) was pondering over the usage of drone technology for surveys and...

Published 18 Nov, 2023 06:03am

Babar declines Test team captaincy offer

LAHORE: Pakistan Cricket Board Management Committee Chairman Zaka Ashraf had offered the captaincy of the test team...

Published 18 Nov, 2023 06:03am

PFA launches ‘Safe Food City’ project

FAISALABAD: Pakistan is included in top ten countries with respect to the prevalence of almost all diseases due to...

Published 18 Nov, 2023 06:03am

Fight against terrorism: Pakistan, Russia reaffirm commitment to cooperation

ISLAMABAD: Pakistan and Russia have reaffirmed their commitment to continue their cooperation in the fight against...

Published 18 Nov, 2023 06:03am

Govt invites private sector to consult on cyber security, AI policies

ISLAMABAD: The government has invited the private sector to consult on finalizing the cyber security and artificial...

Published 18 Nov, 2023 06:03am

COMSATS award degrees to 1,700 students in 30th convocation

LAHORE: COMSATS University Islamabad, Lahore campus successfully organized its 30th convocation ceremony on...

Published 18 Nov, 2023 06:03am

There’s no space for intolerance, COAS tells Ulema

ISLAMABAD: The Chief of Army staff (COAS), General Syed Asim Munir, while lauding a “Paigham-e-Pakistan” Fatwa ...

Published 18 Nov, 2023 06:03am

The Weather

KARACHI: The weather report on Friday (November 17, 2023) and the forecast for Saturday (November 18, 2023)...

Published 18 Nov, 2023 06:03am

UHS issued NOC to initiate Pharm.D degree programme

LAHORE: The Pharmacy Council of Pakistan has issued a No Objection Certificate (NOC) to initiate the Doctor of...

Published 18 Nov, 2023 06:03am

Industry

SEZ body approves to grant special zone enterprise status to firms acquiring plots in PIEDMC

LAHORE: Chief Executive Officer Punjab Industrial Estates Development and Management Company Ali Moazzam Syed ...

Published 18 Nov, 2023 06:03am

Punjab govt intensifies crackdown against illegal foreigners

LAHORE: The Punjab government has intensified the crackdown against illegal foreigners in the province, leading to...

Published 18 Nov, 2023 06:03am

Proceeding of cypher case adjourned till 21st

ISLAMABAD: The special court, on Friday, adjourned the cypher case against Pakistan Tehreek-e-Insaf (PTI) Chairman...

Published 18 Nov, 2023 06:03am

PFA stops production of ‘rewari’ unit over violations

LAHORE: An enforcement team of the Punjab Food Authority (PFA) raided a rewari (a local sweet) production unit in...

Published 18 Nov, 2023 06:03am

LHC orders closure of schools on Saturdays and Sundays

LAHORE: The Lahore High Court on Friday proposed effective measures to combat smog by recommending closure of ...

Published 18 Nov, 2023 06:03am

Lesco dismisses meter reader for being power theft

LAHORE: The Lahore Electric Supply Company (Lesco) management has dismissed one meter reader from service on account...

Published 18 Nov, 2023 06:03am

Governor admires humanitarian assistance for Palestinians

LAHORE: Country Head of Norwegian Church Aid (NCA) Ann Masterson said here Friday that her organization is working ...

Published 18 Nov, 2023 06:03am

Crackdown on fake cigarettes gains momentum, CHI urges continued action

LAHORE: While commendable progress has been made in curbing retailers, there remains a pressing need to address the...

Published 18 Nov, 2023 06:03am

Anti-encroachment operation: CDA chairman orders sealing of 17 more buildings

ISLAMABAD: While continuing the operation against illegal encroachment, the Capital Development Authority (CDA)...

Published 18 Nov, 2023 06:03am

British Army’s Chief of General Staff arrives for three-day visit

ISLAMABAD: The British Army’s Chief of the General Staff, General Sir Patrick Sanders, arrived for a “routine...

Published 18 Nov, 2023 06:03am

Al-Qadir Trust case: AC extends physical remand of IK till 21st

ISLAMABAD: An Accountability Court, on Friday, extended the physical remand of Pakistan Tehreek-e-Insaf (PTI)...

Published 18 Nov, 2023 06:03am

IK mulling filing case against controversial US diplomat Donald Lu?

ISLAMABAD: The incarcerated Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Friday reportedly threatened to...

Published 18 Nov, 2023 06:03am

PARTLY FACETIOUS: A legitimate question

“Man oh man! Some people never learn.” “People or institutions?” “Hey careful there, I mean…” “It...

Published 18 Nov, 2023 06:03am

The health toll of air pollution

One thing which still remains binding between Pakistan and India and reminds us of each other is the weather and the...

Updated 18 Nov, 2023 06:56am

MARSEW 2023: geo-politics and geo-economics in Indian Ocean

The current era is defined by geo-economics driving geo-politics. It has become imperative need for countries,...

Updated 18 Nov, 2023 06:35am

Letters

‘Polio again’

This is apropos a Business Recorder editorial “Polio again” carried by the newspaper a week ago. The newspaper...

Published 18 Nov, 2023 06:03am

Stocks

Wall St loses steam as traders assess Fed comments

NEW YORK: US stocks were subdued on Friday as remarks from Federal Reserve officials clouded the outlook about when...

Published 18 Nov, 2023 06:03am

Stocks

European shares end higher as bond yields slide

PARIS: European shares rose on Friday, boosted by financials and healthcare, ending the week higher on growing...

Published 18 Nov, 2023 06:03am

Stocks

Alibaba drags HK stocks lower; China struggles

SHANGHAI: Hong Kong shares closed down on Friday, dragged by a slump in index heavyweight Alibaba Group after it...

Published 18 Nov, 2023 06:03am

Stocks

India’s blue-chip log third week of gains

BENGALURU: India’s Nifty 50 and Sensex stock indexes logged their third consecutive weekly gains, boosted by...

Published 18 Nov, 2023 06:03am

Non-filers: DTOs authorised to disconnect utility connections

ISLAMABAD: The government on Friday established 145 District Tax Offices (DTOs) across the country for bringing 1.5...

Updated 18 Nov, 2023 08:48pm

PSDP is unaffordable: IMF

ISLAMABAD: The International Monetary Fund (IMF) has stated that the Public Sector Development Programme (PSDP) of...

Updated 18 Nov, 2023 08:49pm

Agri dues: MoF may deduct Rs45.6bn from Balochistan’s NFC share

ISLAMABAD: Finance Ministry is likely to deduct Rs 45.6 billion from Balochistan’s NFC (National Finance Commission)...

Updated 18 Nov, 2023 09:05am

Rates

Stocks end on negative note

KARACHI: Despite foreign buying, Pakistan Stock Exchange on Friday remained under pressure and closed on a negative...

Published 18 Nov, 2023 06:03am

Jul-Oct period: Textile exports down 6.33pc to $5.565bn YoY

ISLAMABAD: The country’s textile group exports declined by around 6.33 per cent during the first four months...

Updated 18 Nov, 2023 09:09am

Multiple financing sources: Jul-Oct borrowing down $0.408m to $3.847bn YoY: EAD

ISLAMABAD: The country borrowed $3.847 billion from multiple financing sources during the first four months...

Updated 18 Nov, 2023 10:08am

Appeal against SC verdict in ‘military court trial case’ filed by federal govt

ISLAMABAD: The federal government told the Supreme Court that the events of 09-05-2023 indicate a premeditated and...

Updated 18 Nov, 2023 09:33am

Urea tender validity extended till Monday: All bidders match the lowest bid price

KARACHI: All bidders of the urea import tender, conducted by the Trading Corporation of Pakistan (TCP), have matched...

Updated 18 Nov, 2023 09:07am

CJP forms NJAC to improve efficiency of judiciary

ISLAMABAD: Chief Justice Qazi Faez Isa has reconstituted the National Judicial Automation Committee (NJAC) to...

Updated 18 Nov, 2023 09:04am

Procurement by public sector agencies: PEC concerned about violation of its SBDs

ISLAMABAD: Pakistan Engineering Council (PEC) has expressed serious concern on violation of Standard Bidding...

Updated 18 Nov, 2023 09:10am

Power transmission network in Punjab, KP: ADB approves $250m in loans

ISLAMABAD: The Asian Development Bank (ADB) has approved $250 million in loans that will help deliver reliable...

Updated 18 Nov, 2023 09:35am

‘Resolution against SC verdict’: Senate session adjourned after strong protest

ISLAMABAD: The lawmakers from different political parties continued to strongly protest in the upper house of the...

Published 18 Nov, 2023 06:03am

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 18 Nov, 2023 06:03am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (November 17, 2023). ========================== KIBOR...

Published 18 Nov, 2023 06:03am

Forex

Open market rates of foreign currencies

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

Published 18 Nov, 2023 06:03am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (November 17, 2023). ======================== Open Bid...

Published 18 Nov, 2023 06:03am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (November 17, 2023)....

Published 18 Nov, 2023 06:03am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (November 17, 2023). ==================================== BR...

Published 18 Nov, 2023 06:03am

Energy

PSA aims at achieving 60pc renewable electricity by 2030

LAHORE: Pakistan Solar Association (PSA) Chairman Amir Chaudhry has vowed to collaborate with the government in...

Published 18 Nov, 2023 06:03am

Energy

Jul-Oct: Petroleum group imports register negative growth of 16.93pc

ISLAMABAD: Petroleum group imports witnessed a negative growth of 16.93 percent during the first four months...

Published 18 Nov, 2023 06:03am

Commodities

Gold scales higher

KARACHI: Gold prices on Friday regained a big value on the local market, traders said. They sprang up by Rs 2200 to...

Published 18 Nov, 2023 06:03am

Cotton & Textile

Cotton market remains steady with low volume

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

Published 18 Nov, 2023 06:03am

SBP governor unveils ‘strategic plan’ for 2023-28

Plan highlights the central bank’s vision, mission and key goals to be pursued over the next five years

Updated 18 Nov, 2023 08:47pm

Energy

Oil perks up after sharp week-long selloff on supply, demand concerns

LONDON: Global oil benchmark Brent remained stuck below $80 a barrel on Friday, but recouped some losses a day after...

Published 18 Nov, 2023 06:03am

SPI inflation up 9.95pc WoW

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the current week, ended 16 November 2023, increased ...

Published 18 Nov, 2023 06:03am

Industry

LCCI organises awareness seminar on mutual funds

LAHORE: Lahore Chamber of Commerce and Industry organised a seminar on Mutual Fund Industry in Pakistan with the aim...

Published 18 Nov, 2023 06:03am

Bakhtawari made Patron-in-Chief of PBGO Punjab chapter

KARACHI: In a significant development, the Founder President of the Pakistan Business Group (PBGO) and President of...

Published 18 Nov, 2023 06:03am

Industry

10 cigarette manufacturers: Ministry asks FBR to suspend brand registration

ISLAMABAD: The Ministry of National Health Services has asked the Federal Board of Revenue (FBR) to take action and...

Published 18 Nov, 2023 06:03am

Gwadar soon to be hub of sea trade, says Kakar

ISLAMABAD: A delegation of Gwadar Shipping Clearing Agents Association has requested the caretaker Prime Minister...

Published 18 Nov, 2023 06:03am

IMF loan termed a short-term solution to help country avert default

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 18 Nov, 2023 06:03am

P3A discusses economic growth

ISLAMABAD: The Board of Directors of the Public Private Partnership Authority (P3A) discussed economic growth,...

Published 18 Nov, 2023 06:03am

Industry

FPCCI elections 2024: BMP group finalises list of candidates

LAHORE: The ruling group of Businessmen Panel (BMP) in the Federation of Pakistan Chambers of Commerce and Industry...

Published 18 Nov, 2023 06:03am

Windfall tax levy faces prospect of litigation

EDITORIAL: Windfall tax is defined as “a tax levied on an unforeseen or unexpectedly large profit, especially one...

Published 18 Nov, 2023 06:03am

Israel under Netanyahu beyond the pale

EDITORIAL: It’s plausibly argued by every man and woman of conscience in the world that the situation in Gaza is...

Published 18 Nov, 2023 06:03am

Govt should adopt pro-exporter policies: TMA

KARACHI: The Senior Vice Chairman Syed Usman Ali along with the prominent exporters of the Towel Manufacturers...

Published 18 Nov, 2023 06:03am

Taxes

Increase in FED on cigarettes: Health advocates call for implementation of World Bank’s recommendation

ISLAMABAD: Health advocates called for immediate implementation of the latest recommendation of the World Bank (WB)...

Published 18 Nov, 2023 06:03am

Money & Banking

Dollar poised for steep weekly fall

NEW YORK: The dollar headed toward one of its steepest weekly declines versus other major currencies this year on...

Published 18 Nov, 2023 06:03am

Money & Banking

Australia, NZ dlrs lower

SYDNEY: The Australian and New Zealand dollars edged lower on Friday as softer US economic data weighed on some...

Published 18 Nov, 2023 06:03am

Money & Banking

Taiwan dollar set to post strongest weekly gain in a year

BENGALURU: The Taiwan dollar rose on Friday, ending the week at its highest level in a year, boosted by prospects of...

Published 18 Nov, 2023 06:03am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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