News Archives for Print - 2023-12-24

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Print - 2023-12-24

A moment of pride and a vision for the future

As the achievers and leaders of the industry gather, bathed in the golden glow of this prestigious Achievement ...

Published 24 Dec, 2023 04:00am

Twitter violated contract by failing to pay millions in bonuses, US judge rules

WASHINGTON: Twitter violated contracts by failing to pay millions of dollars in bonuses that the social media...

Published 24 Dec, 2023 04:00am

USA

Supreme Court declines to fast-track Trump ‘absolute immunity’ case

WASHINGTON: The US Supreme Court declined on Friday to immediately hear former president Donald Trump’s claim that...

Published 24 Dec, 2023 04:00am

Europe

Argentina Congress to hold special session over economic reforms

BUENOS AIRES: Argentina’s government has scheduled emergency sessions of parliament beginning next week to address...

Published 24 Dec, 2023 04:00am

China identifies second set of projects in $140bn spending plan

SHANGHAI: China’s top planning body said on Saturday it had identified a second batch of public investment...

Published 24 Dec, 2023 04:00am

Hamas says 200 killed in 24 hours of Israeli strikes on Gaza

GAZA STRIP: Gaza officials said Saturday that more than 200 people had been killed in Israeli strikes in 24 hours, ...

Published 24 Dec, 2023 04:00am

Iran slams UN ‘inefficacy’ to stop Gaza war

TEHRAN: Iranian President Ebrahim Raisi on Saturday slammed the “inefficacy” of international bodies to halt...

Published 24 Dec, 2023 04:00am

FPCCI ACHIEVEMENT AWARDS: Message from Anwaar-ul-Haq Kakar Caretaker Prime Minister of Pakistan

Caretaker Prime Minister of Pakistan It gives me pleasure to felicitate FPCCI for organizing its 11th edition of...

Published 24 Dec, 2023 04:00am

FPCCI ACHIEVEMENT AWARDS: Message from Sadiq Sanjrani Chairman Senate

The Federation of Pakistan Chamber of Commerce & Industry (FPCCI) have consistently championed the economic...

Published 24 Dec, 2023 04:00am

FPCCI ACHIEVEMENT AWARDS: Message from H.E. Mohamed Karmoune Ambassador of His Majesty the King of Morocco, Acting Dean of the Diplomatic Corps

I am pleased be part of FPCCl's 11thAchievement Awards which has a widespread recognition at national and...

Published 24 Dec, 2023 04:00am

FPCCI ACHIEVEMENT AWARDS: Message from Irfan Iqbal Sheikh President FPCCI

Federation of Pakistan Chambers of Commerce & Industry being the apex representative body of the business...

Published 24 Dec, 2023 04:00am

Governor attends ‘parents’ day’ at Cadet College

KARACHI: Sindh Governor Kamran Khan Tessori on Saturday attended the 27th Annual Parents’ Day function at Cadet...

Published 24 Dec, 2023 04:00am

The Weather

KARACHI: The weather report on Saturday (December 23, 2023) and the forecast for Sunday (December 24, 2023)....

Published 24 Dec, 2023 04:00am

Pakistan World Cup squad: Saad to lead Pakistan in ICC U-19 Men’s Cricket

LAHORE: Saad Baig will lead the 15-player Pakistan U-19 squad in the ICC U19 Men’s Cricket World Cup, which will ...

Published 24 Dec, 2023 04:00am

Alvi for changing attitudes to mitigate climate change impacts

KARACHI: President Dr. Arif Alvi on Saturday while stressing the need for changing attitudes to mitigate growing...

Published 24 Dec, 2023 04:00am

‘Notorious’ terrorist killed in Chiniot

CHINIOT: A terrorist involved in an attack on a sensitive agency’s office in Faisalabad and killing of 50 people...

Published 24 Dec, 2023 04:00am

Noman ruled out of Test series

LAHORE: Pakistani spinner Noman Ali, who underwent Laparoscopic Appendectomy, is recovering but ruled out of the ...

Published 24 Dec, 2023 04:00am

Future linked with democracy: minister

ISLAMABAD: Caretaker minister for Information and Broadcasting Murtaza Solangi has said that the future of country ...

Published 24 Dec, 2023 04:00am

LHC asks Punjab to establish public safety commission within 30 days

LAHORE: The Lahore High Court (LHC) directed the provincial government to establish the Public Safety Commission...

Published 24 Dec, 2023 04:00am

100 days of anti-theft drive: Lesco detects 36,428 power pilferers

LAHORE: The Lahore Electric Supply Company (Lesco) has detected a total of 36,428 connections from where the...

Published 24 Dec, 2023 04:00am

Sikh community: Baligh advocates people-to-people contacts to bring world closer

LAHORE: Punjab Governor Muhammad Balighur Rehman said on Saturday that people to people contact is very important in...

Published 24 Dec, 2023 04:00am

Reforms in LDA on the anvil: DG

LAHORE: Lahore Development Authority (LDA) Director General Muhammad Ali Randhawa has said that reforms were being...

Published 24 Dec, 2023 04:00am

‘Corporate job fair’ gets huge response

KARACHI: The Corporate Pakistan Job Fair 2023, organized by the Institute of Cost and Management Accountants of...

Published 24 Dec, 2023 04:00am

The contact center revolution: Where AI becomes your customer's superhero

Imagine a world where customer service lines vanish, replaced by personalized, lightning-fast support that feels ...

Published 24 Dec, 2023 04:00am

Dutch hockey club team due in February

LAHORE: The Khawaja Junaid Hockey Academy has extended an invitation to the eminent Dutch Hockey Club, Bully...

Published 24 Dec, 2023 04:00am

Police, LEAs directed to ensure foolproof security

KARACHI: Caretaker Minister for Home and Prisons Brig Haris Nawaz (R) has issued set of directives to Police and...

Published 24 Dec, 2023 04:00am

Traders say over 150pc hike in KMC market rent rates ‘illegal’

KARACHI: Traders are seeking a legal action after the mayor denied voting during the City Council sitting on a...

Published 24 Dec, 2023 04:00am

IHC declares MDCAT result valid for 2 years

ISLAMABAD: The Islamabad High Court has declared the Medical & Dental College Admission Test (MDCAT) result of...

Published 24 Dec, 2023 04:00am

CM lays foundation of underpass

KARACHI: The Caretaker Sindh Chief Minister Justice Maqbool Baqar (Retd) performed the ground-breaking ceremony for...

Published 24 Dec, 2023 04:00am

Fire breaks out in towel factory

KARACHI: A fire broke out at a towel factory in Karachi on Saturday morning, prompting a quick response from the...

Published 24 Dec, 2023 04:00am

Three die in Sanghar road accident

SANGHAR: Three members of a same family died and several others injured in a tragic road accident in Sanghar on...

Published 24 Dec, 2023 04:00am

Collaborative steps urged to empower disabled persons

KARACHI: The first lady Samina Arif Alvi, on Saturday, stressed collaborative measures for ensuring the provision of...

Published 24 Dec, 2023 04:00am

Why has the power sector failed?

The Power Sector has failed the country since more than the last two decades. It all started with the mantra that...

Published 24 Dec, 2023 04:00am

SSGC suspends gas supply to industries in Karachi

The gas supply will be shut down for industries and captive power plants from December 23, 8 am till December 25, 8 am

Updated 24 Dec, 2023 10:07am

Arts

Author Hanif returns Sitara-e-Imtiaz in protest

Hanif made the announcement saying he was returning Sitara e Imtiaz given to him by state

Updated 24 Dec, 2023 10:11am

IHC summons DGs of FIA and IB in audio leaks case

DG IB shall inform in the next hearing, who could conduct surveillance of citizens and if the state of Pakistan can stop illegal surveillance

Updated 24 Dec, 2023 10:12am

PTI leader’s house arrest: notification withdrawn

KARACHI: The Sindh Home Department has withdrawn the house arrest of PTI leader Syed Firdous Shamim Naqvi - who is ...

Published 24 Dec, 2023 04:00am

IHC verdict in Toshakhana case: SC Registrar asks IK to file plea afresh

ISLAMABAD: Former Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan approached the Supreme Court against the...

Published 24 Dec, 2023 04:00am

SHC nominates six judges for election appellate tribunals

KARACHI: Sindh High Court has constituted tribunals to hear appeals of election candidates against returning ...

Published 24 Dec, 2023 04:00am

PM Kakar appoints 18 new envoys

ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar has approved the appointment of 18 new ambassadors in various...

Published 24 Dec, 2023 04:00am

Letters

The challenge of rising inflation

This is apropos a Business Recorder op-ed “Some important economic policy questions” published by the newspaper...

Published 24 Dec, 2023 04:00am

VCs: KP govt decides to complete hiring process soon

PESHAWAR: The provincial caretaker government of Khyber Pakhtunkhwa has decided the completion of the ongoing ...

Published 24 Dec, 2023 04:00am

Workshop on mental health held

FAISALABAD: A workshop on ‘Mental Health Awareness and Stress Management’ was arranged by Cadet College...

Published 24 Dec, 2023 04:00am

Neuro-Endovascular field: PINS, University of Missouri to hold joint training

LAHORE: An agreement has been signed between the Punjab Institute of Neurosciences (PINS) Lahore and the University...

Published 24 Dec, 2023 04:00am

KP finance dept releases Rs90m for 74 TMAs

PESHAWAR: Khyber Pakhtunkhwa Finance Department on Saturday released Rs90 million in funds for 74 TMAs across the...

Published 24 Dec, 2023 04:00am

Several candidates file nomination papers in DI Khan

DERA ISMAIL KHAN: With a two-day extension by the Election Commission of Pakistan in the deadline to submit...

Published 24 Dec, 2023 04:00am

Commodities

Aluminium prices rise

LONDON: Aluminium prices in London hit their highest in more than six weeks on Friday due to supply concerns after a...

Published 24 Dec, 2023 04:00am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Saturday (December 23, 2023). ======================================= ...

Published 24 Dec, 2023 04:00am

Commodities

Soyabean, grain futures mixed ahead of holidays

CHICAGO: Chicago Board of Trade soyabean and grain futures were mixed on Friday, as traders adjusted their positions...

Published 24 Dec, 2023 04:00am

Commodities

Vietnam coffee prices jump

HANOI/BANDAR LAMPUNG: Vietnam’s domestic coffee prices rose on Thursday, compared with last week, as supplies...

Published 24 Dec, 2023 04:00am

Cotton & Textile

Mills sideline on cotton market due to less interest

LAHORE: The trading activity in the local cotton market on Saturday remained dull due to lack of buying interest...

Published 24 Dec, 2023 04:00am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday, (December 23, 2023)...

Published 24 Dec, 2023 04:00am

Energy

Oil prices fall ahead of long holidays

NEW YORK: Oil prices eased on Friday ahead of the long Christmas holiday weekend on expectations Angola could...

Published 24 Dec, 2023 04:00am

Commodities

Soggy wheat fields raise early concerns for Europe’s harvest

PARIS: Torrential rain is expected to cut wheat planting in France, Germany and Britain in an early setback for next...

Published 24 Dec, 2023 04:00am

Commodities

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 15.557...

Published 24 Dec, 2023 04:00am

Energy

US natural gas prices climb

NEW YORK: US natural gas futures climbed about 2% to a two-week high on Friday ahead of the long Christmas holiday...

Published 24 Dec, 2023 04:00am

Baloch sit-in outside NPC continues

ISLAMABAD: Baloch protesters demanding an end to enforced disappearances and extrajudicial killings in their ...

Updated 24 Dec, 2023 09:58am

Commodities

Malaysian palm oil futures down

NEW DELHI: Malaysian palm oil futures fell for a fifth consecutive week as demand dropped ahead of a long holiday...

Published 24 Dec, 2023 04:00am

Commodities

China’s 2024 steel demand to drop

BEIJING: China’s steel demand in 2023 will decline by 3.3% from 2022 and contract a further 1.7% in 2024, a state...

Published 24 Dec, 2023 04:00am

Commodities

Gold gains as rising Fed rate cut bets boost appeal

BENGALURU: Gold scaled a more than two-week high on Friday as the dollar and US Treasury yields slipped on rising...

Published 24 Dec, 2023 04:00am

Commodities

Iron ore futures rally on strong demand

SINGAPORE: Dalian iron ore futures extended gains for a fourth consecutive session on Friday, driven by optimistic...

Published 24 Dec, 2023 04:00am

Commodities

Gold declines

KARACHI: Gold on Saturday saw a slight fall on the local market, but silver was steady, traders said. Gold lost...

Published 24 Dec, 2023 04:00am

FBR issues procedure for vendors, others to obtain licences for online businesses

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a procedure for the vendors/integrated enterprises intended...

Updated 24 Dec, 2023 09:58am

SBA: MoF says commitments being fulfilled

Spokesman for the Finance Division says the arrangement was evident from the successful completion of the first review of the Staff Level Agreement

Updated 24 Dec, 2023 06:49pm

Commodities

Japanese rubber futures higher

SINGAPORE: Japanese rubber futures hit a one-week high on Friday, buoyed by robust spot cargo demand and strong ...

Published 24 Dec, 2023 04:00am

Economy now showing signs of revival: Tanveer

ISLAMABAD: Punjab’s Minister for Industries and Commerce, SM Tanveer, said on Saturday that the government is...

Updated 24 Dec, 2023 07:28pm

Calendar year 2023: Posting hefty gains of 53pc, PSX outperforms major asset classes

KARACHI: Pakistan equities performed exceptionally well and provided hefty gains of 53 percent outperforming other...

Updated 24 Dec, 2023 09:58am

Projects, salaries: MoF denies delay in fund release

ISLAMABAD: The Finance Ministry here on Saturday categorically refuted as baseless the news item aired by a private...

Updated 24 Dec, 2023 09:56am

‘SIFC’s decisions yielding remarkable results’: IT and telecom exports expected to cross $3bn mark: minister

ISLAMABAD: The country's information technology and telecommunication exports are expected to cross $3 billion mark...

Updated 24 Dec, 2023 07:19pm

Non-removal of Cheema, others: ECP to initiate contempt proceedings on Tuesday

ISLAMABAD: Failing to get its directives implemented on the removal of three senior government officials, a ...

Updated 24 Dec, 2023 07:15pm

Electoral symbol: Gohar says PTI to move the court

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) now-former chairman Gohar Ali Khan on Saturday declared that the party...

Updated 24 Dec, 2023 07:13pm

Govt to look into complaints about hurdles to electoral process: PM

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar Saturday assured that the government would investigate the...

Updated 24 Dec, 2023 06:56pm

PM calls for permanent ceasefire in Gaza

ISLAMABAD: Caretaker Prime Minister Anwaar ul Haq appealed to the world that there should immediately be a permanent...

Updated 24 Dec, 2023 06:35pm

Lest we forget

EDITORIAL: 16 December 2014 was a day so dark that it even overshadowed the pain of losing half the country on the...

Published 24 Dec, 2023 04:00am

Journalists in conflict zones

EDITORIAL: In a highly disturbing but hardly surprising development, the United Nations Educational, Scientific and...

Published 24 Dec, 2023 04:00am

Inflation likely to escalate, warns economist

KARACHI: In Pakistan general inflation is constantly soaring, already surpassing almost 45% and it is expected to go...

Published 24 Dec, 2023 04:00am

Industry

Farmers express mixed reaction over agri sector’s performance

LAHORE: Stakeholders expressed mixed reactions over the performance of the agricultural sector during the year 2023...

Published 24 Dec, 2023 04:00am

Industry

Vehicles’ physical verification process launched at SCCI

PESHAWAR: Sarhad Chamber of Commerce and Industry and Excise and Taxation Office Islamabad successfully launched...

Published 24 Dec, 2023 04:00am

Prices of essential kitchen items show mixed trend

ISLAMABAD: The prices of essential kitchen items have witnessed a mixed trend during this week past against the...

Published 24 Dec, 2023 04:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 1	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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