News Archives for Print - 2023-12-15

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Print - 2023-12-15

Israeli envoy to UK rejects two-state solution

LONDON: Israel’s ambassador to Britain said Thursday that Israel would not accept a two-state solution with the...

Published 15 Dec, 2023 03:12am

Stewarding our Most Precious Resource

One of the greatest challenges of our times is the sustainable management of water. For Pakistan, a country that is...

Published 15 Dec, 2023 03:12am

Clean Gilgit-Baltistan Project extends waste management support for GB

A joint collaboration between Govt of Gilgit-Baltistan and Nestlé Pakistan has facilitated waste management of up ...

Published 15 Dec, 2023 03:12am

Climate Change: Paving The Way For A Sustainable Tomorrow

Climate change is the single greatest environmental challenge of our generation, and as a company, we believe that...

Published 15 Dec, 2023 03:12am

35 Years Nestle Pakistan: Messages from Mr. Jason Avanceña Chief Executive Officer, Nestlé Pakistan

The inauguration of this 2.5-megawatt solar power plant, completed with an investment of PKR 480 million at ...

Published 15 Dec, 2023 03:12am

35 Years Nestle Pakistan: Messages from H.E. Mr. Georg Steiner Ambassador of Switzerland to Pakistan

It is with great pleasure to witness the inauguration of Nestlé Pakistan’s 2.5 Megawatt Solar Power Plant at...

Published 15 Dec, 2023 03:12am

35 Years Nestle Pakistan: Messages from Mr. Ahmed Irfan Aslam Federal Minister for Climate Change & Environmental Coordination

I offer my sincere congratulations to Nestlé Pakistan on the occasion of inaugurating the 2.5-megawatt solar power...

Published 15 Dec, 2023 03:12am

35 Years Nestle Pakistan: Messages from Dr. Gohar Ejaz Federal Minister for Commerce and Industries & Production

I extend my heartfelt congratulations to Nestlé Pakistan on the auspicious occasion of the inauguration of the 2.5...

Published 15 Dec, 2023 03:12am

Economic development: Minister highlights crucial role of technology

ISLAMABAD: Federal Minister for Science and Technology Dr Umar Saif has emphasised the crucial role of technology in...

Published 15 Dec, 2023 03:12am

Baqar says he will raise issue import duty on paper with Centre

KARACHI: Caretaker Chief Minister Sindh former Justice Maqbool Baqar on Thursday said that the Sindh government will...

Published 15 Dec, 2023 03:12am

ACC U-19 Asia Cup: Pakistan to face UAE in semi-final today

LAHORE: The thrilling journey of the ACC Men’s U-19 Asia Cup 2023 has reached its pinnacle as Pakistan U-19 ready...

Published 15 Dec, 2023 03:12am

Fatima becomes 10th ODI captain to lead women’s team

LAHORE: Fatima Sana has been named captain of the Pakistan women’s team, taking over from Nida Dar, who has been...

Published 15 Dec, 2023 03:12am

South Asia

India court allows survey of centuries-old mosque to look for Hindu relics

LUCKNOW, (India): An Indian court has granted permission to survey a centuries-old mosque to determine if it ...

Published 15 Dec, 2023 03:12am

Iran lifts visa rules for 33 countries including Gulf states

DUBAI: Iran said it was lifting visa requirements for 33 countries, including Gulf states like Saudi Arabia with...

Published 15 Dec, 2023 03:12am

PTCL to acquire Telenor Pakistan’s operations

ISLAMABAD: Pakistan Telecommunication Com-pany Limited (PTCL), on Thursday, signed a share purchase agreement with...

Published 15 Dec, 2023 03:12am

Industry

PBF supports Atif Ikram as candidate for FPCCI president

KARACHI: The leadership of Pakistan Business Forum has announced its support to Atif Ikram Sheikh for the...

Published 15 Dec, 2023 03:12am

Court adjourns hearing of Nikkah case till 18th

ISLAMABAD: A local court, on Thursday, adjourned the hearing of the case regarding the Nikkah of former premier ...

Published 15 Dec, 2023 03:12am

Countrys economy on its way to stability

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

Published 15 Dec, 2023 03:12am

CEO CBD Punjab, chairman P&D discuss initiatives for uplift plans

LAHORE: Chairman Planning & Development Board (P&D) Punjab Iftikhar Ali Sahoo visited the Punjab Central...

Published 15 Dec, 2023 03:12am

CDA conducts mega operation against illegal population

ISLAMABAD: The Capital Development Authority (CDA) conducted a mega operation against the illegal population...

Published 15 Dec, 2023 03:12am

Bilawal to stand for coveted role of PM, Zardari for president: Kundi

ISLAMABAD: Pakistan People’s Party (PPP) Spokesperson Faisal Karim Kundi said that party chairman Bilawal...

Published 15 Dec, 2023 03:12am

Anti-drug drive launched

ISLAMABAD: The city police have launched an awareness campaign in the federal capital to eradicate drug abuse and...

Published 15 Dec, 2023 03:12am

Annual closure of Kotri canals barrage begins from 25th

HYDERABAD: Annual closure of canals of Kotri barrage commences from 25th December, city might face little shortage....

Published 15 Dec, 2023 03:12am

PTI chairman says elections likely to be delayed

ISLAMABAD: The recently elected chairman Pakistan Tehreek-e-Insaf (PTI) Gohar Ali Khan on Thursday claimed that ...

Published 15 Dec, 2023 03:12am

Mayor opens road construction

KARACHI: Mayor Karachi Barrister Murtaza Wahab has said that Pakistan People’s Party wants to develop the urban ...

Published 15 Dec, 2023 03:12am

Federal Minister MoST visits Nust

ISLAMABAD: Federal Minister for Science & Technology Dr Umar Saif paid a visit to the National University of...

Published 15 Dec, 2023 03:12am

Baqar terms Sindh Insurance Ltd ‘a significant milestone’

KARACHI: Caretaker Sindh Chief Minister former Justice Maqbool Baqar has said that the creation of Sindh Insurance...

Published 15 Dec, 2023 03:12am

‘Secret talks with TTP’: FO squashes rumours

ISLAMABAD: Foreign Office on Thursday categorically rejected reports about any alleged secret talks between the...

Published 15 Dec, 2023 03:12am

LHC larger bench to take up IK’s pleas today

LAHORE: A larger bench of the Lahore High Court would hear petitions of former prime minister Imran Khan against...

Published 15 Dec, 2023 03:12am

Workshop on ‘Drug Use & HIV’: Speakers for strengthening drug treatment services

LAHORE: Terming the epidemic of drug users in Pakistan as alarmingly high, the speakers at a workshop here on...

Published 15 Dec, 2023 03:12am

Punjab CM takes step towards ensuring payment of minimum wages

LAHORE: The caretaker Punjab Chief Minister Mohsin Naqvi has issued a directive to ensure the payment of minimum...

Published 15 Dec, 2023 03:12am

PML-N blames PTI for delaying general polls

LAHORE: The Pakistan Muslim League-Nawaz (PML-N) on Thursday blamed the Pakistan Tehreek-e-Insaf (PTI) of hatching a...

Published 15 Dec, 2023 03:12am

Nawaz optimistic about electoral prospects

LAHORE: PML-N supremo Nawaz Sharif has expressed optimism that the countrymen will support his party on February 8...

Published 15 Dec, 2023 03:12am

Industry

Christmas, New Year season ‘Rising production costs have slashed textile exports’ share by 24pc’

KARACHI: The galloping production cost and sledgehammer economic policies of the former PDM rule are seen as the...

Published 15 Dec, 2023 03:12am

Jinnah Airport plunges into darkness due to power outage

KARACHI: A major power outage at Jinnah International Airport (JIAP) on Thursday evening plunged the entire airport...

Published 15 Dec, 2023 03:12am

Energy

Recovery of dues: Gas utility encashes bank guarantee

LAHORE: A utility agency has encashed a bank guarantee to recover outstanding gas charges against a textile concern,...

Published 15 Dec, 2023 03:12am

Senate panel passes three bills

ISLAMABAD: The Senate Standing Committee on Cabinet Secretariat, unanimously, passed three bills, the “Civil...

Published 15 Dec, 2023 03:12am

PTI’s SVP Marwat arrested outside LHC

LAHORE: The Punjab police arrested Pakistan Tehreek-e-Insaf (PTI) Senior Vice President Afzal Marwat from outside ...

Published 15 Dec, 2023 03:12am

Sedition law’s Section 124-A: Bill proposing revocation approved by Senate panel

ISLAMABAD: The Senate Standing Committee on Interior on Thursday unanimously approved a bill proposing revocation of...

Published 15 Dec, 2023 03:12am

Responding to show-cause notice: SJC gives more time to Justice Naqvi

ISLAMABAD: The Supreme Judicial Council (SJC) granted further time to Justice Sayyed Mazahar Ali Akbar Naqvi to...

Published 15 Dec, 2023 03:12am

Toshakhana case: NAB granted physical remand of IK

ISLAMABAD: The Accountability Court, on Thursday, granted the National Accountability Bureau (NAB) two days physical...

Published 15 Dec, 2023 03:12am

PARTLY FACETIOUS: A structure precariously balanced together

“I don’t get it!” “You will really have to narrow it down for me to understand in the Land of the Pure. If...

Published 15 Dec, 2023 03:12am

Murder of Sarah Inam: Court hands down death penalty verdict for Amir

ISLAMABAD: A district and sessions court in Islamabad on Thursday handed down death sentence to Shahnawaz Amir, son...

Published 15 Dec, 2023 03:12am

Saving deposited with BISP: 150,000 beneficiaries to get 40pc increase

ISLAMABAD: Up to 150,000 beneficiaries, initially, would get an increase of 40 per cent, per beneficiary, on their...

Published 15 Dec, 2023 03:12am

The Weather

KARACHI: The weather report on Thursday (December 14, 2023) and the forecast for Friday (December 15, 2023)...

Published 15 Dec, 2023 03:12am

Stocks

PSX posts meagre gains

KARACHI: Pakistan Stock Exchange on Thursday witnessed a mixed trend and after moving both ways, closed on slightly...

Published 15 Dec, 2023 03:12am

Pleas against SJC report: SC urged to array Bajwa, Faiz and others as respondents

ISLAMABAD: Former judge of the Islamabad High Court (IHC) and Islamabad Bar Association (IBA) prayed to the apex...

Published 15 Dec, 2023 03:12am

Trial of civilians by military courts: PBC, SCBA say concerned at order of SC

ISLAMABAD: The Pakistan Bar Council (PBC) and the Supreme Court Bar Association (SCBA) expressed grave concern over...

Published 15 Dec, 2023 03:12am

Misplaced optimism about economy

Given elections are scheduled for early February, a few months into 2024 spring will bring into public life a new...

Published 15 Dec, 2023 03:12am

SDG 16 & financial crimes: challenges

Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build...

Published 15 Dec, 2023 03:12am

WCLA starts repair of Roshanai Gate

LAHORE: The Walled City of Lahore Authority (WCLA) has started the repair of the British-era Roshanai Gate and the...

Published 15 Dec, 2023 03:12am

UHS revises inter module exam pattern for MS, MD clinical programs

LAHORE: The University of Health Sciences (UHS) accorded approval to the changes in the pattern for intermediate...

Published 15 Dec, 2023 03:12am

UAF holds Final Year Design Project Financing by PEC

FAISALABAD: Pakistan Engineering Council (PEC) Chairman Engineer Muhammad Najeeb Haroon has said that workforce...

Published 15 Dec, 2023 03:12am

Timely elections crucial for eradicating terrorism: JI chief

LAHORE. Chief of Jamaat-e-Islami Sirajul Haq has emphasized the necessity of a government with the mandate of the...

Published 15 Dec, 2023 03:12am

Punjab CM grants approval for green hydrogen project

LAHORE: Caretaker Punjab Chief Minister Mohsin Naqvi has granted in-principle approval for the green hydrogen ...

Published 15 Dec, 2023 03:12am

NESPAK playing pivotal role in shaping infrastructure landscape of Lahore

LAHORE: NESPAK, a distinguished international engineering consultancy, is playing a pivotal role in shaping the...

Published 15 Dec, 2023 03:12am

Mehmood Khan Achakzai meets Nawaz

LAHORE: Chief of Pakhtunkhwa Milli Awami Party (PKMAP), Mehmood Khan Achakzai met the PML-N supremo Nawaz Sharif ...

Published 15 Dec, 2023 03:12am

LHC suspends termination of Sami Burney

LAHORE: The Lahore High Court on Thursday suspended the termination of Sami Burney director media and communications...

Published 15 Dec, 2023 03:12am

FIA should investigate two custodial deaths in Islamabad: Babar

ISLAMABAD: Former senator and president of the Human Rights Cell of PPP Farhatullah Babar said that the two cases of...

Published 15 Dec, 2023 03:12am

Fawad allocated portfolio of IPC

ISLAMABAD: Caretaker Prime Minister Anwaarul Haq has assigned additional charge of the Ministry of Inter-Provincial...

Published 15 Dec, 2023 03:12am

CPSC hosts launching ceremony for special edition of PIVOT Magazine

ISLAMABAD: The China-Pakistan Study Centre (CPSC) at the Institute of Strategic Studies Islamabad (ISSI) hosted the...

Published 15 Dec, 2023 03:12am

Stocks

Indian shares resume record-breaking surge

BENGALURU: India’s benchmark indexes hit all-time highs on Thursday, joining a global rally after the US Federal...

Published 15 Dec, 2023 03:12am

Stocks

Wall St rises on Fed’s rate-cut signal

NEW YORK: Wall Street’s main indexes rose on Thursday, with tech giant Apple notching up a record high, a day ...

Published 15 Dec, 2023 03:12am

Stocks

Real estate, miners drive European shares rally

BENGALURU: Real estate and miners led a rally in European shares on Thursday as risk appetite received a strong ...

Published 15 Dec, 2023 03:12am

Stocks

Japan’s Nikkei snaps 3-day winning streak

TOKYO: Japan’s Nikkei share average snapped a three-day winning streak on Thursday, as automakers and banking...

Published 15 Dec, 2023 03:12am

Stocks

Jubilee Life bags ‘Top 25 Companies Award’ by PSX

KARACHI: Farhan Faridi, Group Head, Retail Operations, Marketing and Administration at Jubilee Life Insurance,...

Published 15 Dec, 2023 03:12am

Letters

‘Nawaz Sharif: prospects, challenges’

Lahore This is apropos a Business Recorder op-ed “Nawaz Sharif: prospects and challenges” carried by the...

Published 15 Dec, 2023 03:12am

Dilemmas: oil and gas policies

Pakistan finds itself ensnared in the repercussions of short-sighted decisions within the oil and gas sector

Published 15 Dec, 2023 03:12am

Federal expenditure: Shamshad’s meeting with CMs likely today

ISLAMABAD: Finance Minister Dr Shamshad Akhtar meeting with the provincial chief ministers on implementation of...

Updated 15 Dec, 2023 08:49am

Crucial PC (amendment) Ordinance promulgated

ISLAMABAD: President Dr Arif Alvi promulgated, “The Privatization Commission (Amendment) Ordinance, 2023” which...

Updated 15 Dec, 2023 08:48am

PM demands India revoke Aug 5 2019 actions

MUZAFFARABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday reaffirmed Pakistan’s moral, political and...

Updated 15 Dec, 2023 08:49am

Branded mobile phones: Customs’ values on import of 1,160 models revised

ISLAMABAD: The Directorate General of Customs Valuation Karachi has rationalized customs values on the import of...

Updated 15 Dec, 2023 10:01am

Adjustment, refund of tax on rental value of property: SHC asks petitioners not to move pleas in next 4 weeks

ISLAMABAD: The Sindh High Court (SHC) directed the petitioners not to move applications in the next four weeks...

Updated 15 Dec, 2023 09:24am

Petrol, HSD prices may decline significantly

ISLAMABAD: In case the interim government disallows exchange rate adjustment to Pakistan State Oil (PSO), there are...

Updated 15 Dec, 2023 10:41am

Energy

Local communities: OGDCL spends Rs1.166bn for development in 5 years

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) spent Rs1.166 billion for the development of local...

Published 15 Dec, 2023 03:12am

Commodities

Gold, silver prices gain sharply

KARACHI: Gold on Thursday saw a huge uptrend on the local with silver also gaining pace, traders said. Gold prices...

Published 15 Dec, 2023 03:12am

Commodities

Dalian iron ore slides on more weak data, sluggish restocking

BEIJING: Chinese iron ore futures extended declines on Thursday, as the market digested a lack of new stimulus...

Published 15 Dec, 2023 03:12am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 84,345 tonnes of cargo comprising 44,348 tonnes of import cargo and 39,997...

Published 15 Dec, 2023 03:12am

Commodities

Gold extends gains as Fed’s rate-cut forecast hurts dollar

BENGALURU: Gold prices extended gains on Thursday to their highest in a week after the US Federal Reserve signalled...

Published 15 Dec, 2023 03:12am

Energy

US natural gas prices up on higher demand

NEW YORK: US natural gas futures edged up about 1% on Wednesday from a six-month low in the prior session on raised...

Published 15 Dec, 2023 03:12am

Commodities

Copper posts biggest single-day gain in nearly a year

LONDON: Copper prices rose sharply on Thursday on a weaker dollar and expectations of interest rate cuts next year...

Published 15 Dec, 2023 03:12am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (December 14, 2023)...

Published 15 Dec, 2023 03:12am

Cotton & Textile

Lacklustre condition on cotton market

LAHORE: The trading in the local market on Thursday remained steady and the trading volume remained very low. ...

Published 15 Dec, 2023 03:12am

Energy

Oil rises more than 3pc on weaker dollar, IEA demand upgrade

NEW YORK: Oil prices rose more than 3% on Thursday, extending the previous session’s gains, boosted by a weaker...

Published 15 Dec, 2023 03:12am

Rates

LME official prices

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

Published 15 Dec, 2023 03:12am

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 15 Dec, 2023 03:12am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (December 14, 2023). ========================== KIBOR...

Published 15 Dec, 2023 03:12am

Forex

Open market rates of foreign currencies

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

Published 15 Dec, 2023 03:12am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (December 14, 2023). ======================== Open ...

Published 15 Dec, 2023 03:12am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (December 14, 2023)....

Published 15 Dec, 2023 03:12am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (December 14, 2023)....

Published 15 Dec, 2023 03:12am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (December 14, 2023)...

Published 15 Dec, 2023 03:12am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (December 14, 2023). ======================================= ...

Published 15 Dec, 2023 03:12am

Rates

ECC directs Power Division to revise them after due consultation with all stakeholders

Updated 15 Dec, 2023 10:04am

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	155.74
USD to Swiss Franc / Jan 17	0.91
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 16	5,937.34
Nasdaq / Jan 16	19,338.29
Dow Jones / Jan 16	43,153.13
India Sensex / Jan 17	76,671.81
Tokyo Nikkei / Jan 17	38,451.46
Hang Seng / Jan 17	19,567.81
FTSE 100 / Jan 17	8,477.94
Germany DAX 30 / Jan 17	20,852.83

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 16	18,785
Gold 10 Grams PKR / Jan 16	241,941
Crude Oil USD/Barrel / Jan 17	79.09
Gold Spot USD/Ounce / Jan 17	2,713.02
Cotton US¢/pound / Jan 17	67.05
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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