Europe Former VW boss’s market manipulation trial revived BERLIN: A German court said Thursday it would resume the trial of former Volkswagen boss Martin Winterkorn for ... Published 29 Dec, 2023 02:58am
Chinese ex-central bank executive sentenced to 16 years for graft BEIJING: A former senior official at China’s central bank has been sentenced to more than 16 years in prison for... Published 29 Dec, 2023 02:58am
Affected families of three nullahs: CM directs LG dept to start work on housing scheme KARACHI: Caretaker Sindh Chief Minister Maqbool Baqar while presiding over a meeting to finalise the development of ... Published 29 Dec, 2023 02:58am
Qureshi sent to 14-day judicial remand RAWALPINDI: A local court, on Thursday, dismissed the police request to grant physical remand of Pakistan... Published 29 Dec, 2023 02:58am
Europe Norway fund drops Saudi Aramco, 11 other Gulf firms OSLO: Norway’s largest pension fund said Thursday it has divested from Saudi Aramco due to the oil giant’s lack... Published 29 Dec, 2023 02:58am
South Asia China says Taiwan ‘hyping up’ election interference claims BEIJING: China’s defence ministry on Thursday accused Taiwan’s leadership of “hyping up” claims that Beijing... Published 29 Dec, 2023 02:58am
Middle East Saudi mining company Maaden finds new gold deposits DUBAI: Saudi Arabian Mining Company (Maaden) said on Thursday it had discovered multiple gold deposits south of its... Published 29 Dec, 2023 02:58am
N Korea’s Kim calls for ‘accelerated’ war preparations SEOUL: North Korean leader Kim Jong Un urged his party to “accelerate” war preparations including its nuclear... Published 29 Dec, 2023 02:58am
South Asia India says Qatar reduced sentence of death row ex-navy personnel NEW DELHI: India’s foreign ministry said Thursday that Qatar had reduced the sentence of eight ex-navy personnel,... Published 29 Dec, 2023 02:58am
Iranians mourn Guards’ commander killed in Israeli strike TEHRAN: Thousands massed Thursday in the Iranian capital for the funeral of senior Revolutionary Guards commander... Published 29 Dec, 2023 02:58am
Israel gives Cyprus preliminary OK for aid to Gaza by sea JERUSALEM: Israel has given preliminary approval to Cyprus for a maritime humanitarian corridor to ship aid to the... Published 29 Dec, 2023 02:58am
OGDCL, Al-Shifa hold free surgical eye camp in Chakwal ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), as part of its corporate social responsibility (CSR)... Published 29 Dec, 2023 02:58am
Sindh govt to take action against stockpiling of urea KARACHI: The government of Sindh has decided to take action against those who are stockpiling urea fertilizer and... Published 29 Dec, 2023 02:58am
PAD prepares plan to promote farm mechanisation LAHORE: The Punjab Agriculture department has prepared a comprehensive plan for the promotion of farming... Published 29 Dec, 2023 02:58am
PM bans New Year celebrations ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar has announced a ban on New Year celebrations to express... Published 29 Dec, 2023 02:58am
Dozens arrested in pro-Palestinian protests at two major US airports WASHINGTON: Pro-Palestinian protesters blocked morning traffic on Wednesday around Los Angeles International Airport... Updated 29 Dec, 2023 08:51am
Cypher case: IHC stays IK’s trial in camera till Jan 11 ISLAMABAD: The Islamabad High Court (IHC) on Thursday issued a stay order on ex-prime minister Imran Khan’s... Published 29 Dec, 2023 02:58am
Companies Two key Signa divisions filing for insolvency FRANKFURT: European property company Signa on Thursday said that two key divisions are filing for insolvency, a... Published 29 Dec, 2023 02:58am
Sindh: Bilawal says nomination papers not being snatched SUKKUR: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto strongly opposed the act of snatching the nomination... Updated 29 Dec, 2023 08:31am
ECP rejects plea seeking removal of Fawad from caretaker cabinet ISLAMABAD: The Election Commission of Pakistan (ECP), Thursday, rejected a petition seeking the removal of caretaker... Published 29 Dec, 2023 02:58am
PFA unearths factory producing substandard confectioneries LAHORE: A team of the Punjab Food Authority (PFA) has unearthed a factory producing substandard confectioneries with... Published 29 Dec, 2023 02:58am
Pakistan’s relations with Central Asian states, Azerbaijan highlighted ISLAMABAD: The China-Pakistan Study Centre (CPSC) at the Institute of Strategic Studies Islamabad (ISSI) hosted a... Published 29 Dec, 2023 02:58am
A people’s economic manifesto As the general elections approach in around one-and-a-half month, focus is just starting to shift to bringing... Published 29 Dec, 2023 02:58am
Single window solution for Pakistan The pivotal role of private sector in fostering the development of any economy is by now beyond any dispute and a... Published 29 Dec, 2023 02:58am
Medical colleges: Punjab replaces traditional viva voce exam with OSVE LAHORE: The Academic Council and Boards of Studies of the University of Health Sciences (UHS), which met here... Published 29 Dec, 2023 02:58am
CM to formally inaugurate ‘Punjab Special Initiative Police Station’ soon LAHORE: Inspector General Police Punjab Dr Usman Anwar has said that the modern trained public-friendly staff posted... Published 29 Dec, 2023 02:58am
Cardiac emergencies: CM allocates Rs300m for AED equipment in 800 ambulances LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi visited the Emergency Services Academy Thokar Niaz Baig... Published 29 Dec, 2023 02:58am
Ex-ruling parties two sides of the same coin: JI chief LAHORE: Chief of Jamaat-e-Islami Sirajul Haq has said that there is no substantive difference between the PML-N, the... Published 29 Dec, 2023 02:58am
Pakistan slams India for banning another Kahmiri political party ISLAMABAD: Pakistan, on Thursday, condemned the decision of Indian occupation authorities to declare Muslim League... Published 29 Dec, 2023 02:58am
Obituary KARACHI: Cotton analyst and columnist at Business Recorder, Naseem Usman Osawala’s wife has passed away here. The... Published 29 Dec, 2023 02:58am
PHDEC hosts webinar on white onion KARACHI: Pakistan Horticulture Development and Export Company (PHDEC) hosted a webinar focused on “Enhancements in... Published 29 Dec, 2023 02:58am
Toshakhana case: IK, Bushra Bibi to be indicted next week ISLAMABAD: An Accountability Court on Thursday fixed January 4 for the indictment of Pakistan Tehreek-e-Insaf (PTI)... Published 29 Dec, 2023 02:58am
US-based freight forwarder to open office in Pakistan KARACHI: As a US-based freight forwarder, expanding operations to Pakistan presents a great opportunity to tap into... Published 29 Dec, 2023 02:58am
Imran will contest general elections: PTI chairman ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Gohar Ali Khan on Thursday categorically said that the founding... Published 29 Dec, 2023 02:58am
Fazl says concerned at security situation ISLAMABAD: While expressing serious security concerns ahead of the February 8, 2024 general elections, the Jamiat... Published 29 Dec, 2023 02:58am
PARTLY FACETIOUS: Stage for pir manhandling has been set? “Shah Mehmud Qureshi was manhandled by the police.” “Punjab police?” “Don’t make it an ethnic issue ... Published 29 Dec, 2023 02:58am
Letters ‘The massacre in Gaza’ This is apropos a Business Recorder editorial “The massacre in Gaza” carried by the newspaper. The newspaper has... Published 29 Dec, 2023 02:58am
Privilege motion against CAA director general: Senate body seeks detailed report within 15 days ISLAMABAD: The Senate Committee on Rules of Procedure and Privileges granted 15 days time to Aviation to submit a... Published 29 Dec, 2023 02:58am
Names of candidates not finalised so far: PML-N’s Sadiq LAHORE: Former National Assembly speaker and senior PML-N leader Sardar Ayaz Sadiq said on Thursday that the party... Published 29 Dec, 2023 02:58am
Stocks Last PSX session of 2023 today: KSE-100 Index rose by 54pc in PKR terms KARACHI: The benchmark KSE-100 Index increased by 54 percent in Pak rupee terms (23 percent in USD) after many years... Published 29 Dec, 2023 02:58am
Stocks Wall St edges up as year end approaches NEW YORK: US stocks rose marginally in light trading on the penultimate trading day of 2023, with the S&P 500... Published 29 Dec, 2023 02:58am
Stocks European shares slip as energy, financials weigh ahead of year-end PARIS: European shares inched lower on Thursday as weakness in banking stocks and oil majors weighed, though the... Published 29 Dec, 2023 02:58am
Stocks China blue-chips jump most in 5 months on foreign inflows SHANGHAI: China blue-chip stocks staged their biggest jump in five months on Thursday on strong foreign inflows, ... Published 29 Dec, 2023 02:58am
Stocks Financials drive Indian benchmarks to new record highs BENGALURU: India’s benchmark indexes hit fresh all-time highs on Thursday as strong domestic data lifted... Published 29 Dec, 2023 02:58am
Stocks Tokyo shares close lower TOKYO: Tokyo stocks closed lower on Thursday as investors locked in profits and the yen drifted higher. The ... Published 29 Dec, 2023 02:58am
The Weather KARACHI: The weather report on Thursday (December 28, 2023) and the forecast for Friday (December 29, 2023)... Published 29 Dec, 2023 02:58am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (December 28, 2023).... Published 29 Dec, 2023 02:58am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (December 28, 2023). ==================================== ... Published 29 Dec, 2023 02:58am
Rates Stocks maintain bullish tone KARACHI: A bullish trend continued on Pakistan Stock Exchange on the second consecutive day on the back of healthy... Published 29 Dec, 2023 02:58am
Army commits to offering support for elections ISLAMABAD: Pakistan Army during two days’ long Corps Commanders’ Conference committed to offering the requisite and... Updated 29 Dec, 2023 09:00am
Imported coal-based projects: ECC okays settlement of issues with PQEPCL ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the principles for settlement of... Updated 29 Dec, 2023 03:31pm
Anti-polio drive: PM seeks Ulema’s help ISLAMABAD: Caretaker Prime Minister Anwaar ul Haq Kakar has appealed to the Ulema to come forward and play their... Updated 29 Dec, 2023 09:01am
Taxes FD Outlook misreports FBR collection data ISLAMABAD: December Monthly Economic Update and Outlook, Finance Division publication, misreported the Federal Board... Updated 29 Dec, 2023 02:25pm
WAPDA employees: PHC suspends notification to end free electricity PESHAWAR: The Peshawar High Court (PHC) on Thursday suspended the decision of the caretaker government to end the... Updated 29 Dec, 2023 08:14am
Solar panel imports: PCA South uncovers another money laundering offence KARACHI: The Directorate of Post Clearance Audit (PCA) South has uncovered another trade-based money laundering... Updated 29 Dec, 2023 01:47pm
Energy Pending connections to be installed by next month: FESCO chief FAISALABAD: There is no shortage of electricity meters in FESCO region and all the pending electricity connections... Published 29 Dec, 2023 02:58am
Commodities Gold prices soar KARACHI: Gold on Thursday posted a big gain on the local market but silver stood steady, traders said. Gold prices... Published 29 Dec, 2023 02:58am
Commodities Agri production: Speakers call for adopting modern technologies PESHAWAR: Eminent agricultural scientists and speakers underlined the need to introduce and adopt modern ... Published 29 Dec, 2023 02:58am
Commodities Gold prices firm BENGALURU: Gold prices steadied on Thursday, after hitting a more than three-week high earlier, as an up tick in US... Published 29 Dec, 2023 02:58am
Energy US natural gas futures climb KARACHI: US natural gas futures climbed nearly 3% on Wednesday, as the expiration of the January contract helped ... Published 29 Dec, 2023 02:58am
Rates Activities of Karachi Port and Port Qasim KARACHI: The Karachi Port Trust handled 98,195 tonnes of cargo comprising 33,077 tonnes of import cargo and 65,118... Published 29 Dec, 2023 02:58am
Commodities Japanese rubber futures extend rally SINGAPORE: Japanese rubber futures rose for the fifth consecutive session to hit a three-week high on Thursday, led... Published 29 Dec, 2023 02:58am
Commodities Asia coffee: Markets tepid amid year-end holidays HANOI/BANDAR LAMPUNG: Year-end holidays subdued coffee trading in Asia, where farmers were reluctant to release... Published 29 Dec, 2023 02:58am
Commodities Malaysian palm oil down on weaker Dalian contracts KUALA LUMPUR: Malaysian palm oil futures fell on Thursday after two consecutive sessions of gains, weighed down by... Published 29 Dec, 2023 02:58am
Commodities Asia rice-Thai rates soar to 15-year highs BENGALURU/MUMBAI/HANOI/BANGKOK: Prices of rice exported from some Asian hubs climbed on Thursday, as supply... Published 29 Dec, 2023 02:58am
Commodities Copper, Aluminium retreat on profit-taking LONDON: Copper prices retreated from the highest in nearly five months on Thursday as investors locked in profits... Published 29 Dec, 2023 02:58am
Cotton & Textile Cotton spot rates KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (December 28, 2023)... Published 29 Dec, 2023 02:58am
Cotton & Textile Official spot rate inert on cotton market LAHORE: The official spot rate was unchanged on the local cotton market on Thursday. Sources in the market told... Published 29 Dec, 2023 02:58am
Commodities Iron ore futures slide SINGAPORE: Dalian iron ore futures declined on Thursday as market participants geared up for a sustained contraction... Published 29 Dec, 2023 02:58am
Energy Oil prices drift lower LONDON: Oil prices fell more than 1% on Thursday as concerns eased about shipping disruptions along the Red Sea... Published 29 Dec, 2023 02:58am
Commodities PMEX daily trading report KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR15.462... Published 29 Dec, 2023 02:58am
Rates LME official prices LONDON: The following were Wednesday official prices. ========================================= ALUMINIUM... Published 29 Dec, 2023 02:58am
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 29 Dec, 2023 02:58am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Thursday (December 28, 2023). ========================== KIBOR... Published 29 Dec, 2023 02:58am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Thursday (December 28, 2023). ======================== Open ... Published 29 Dec, 2023 02:58am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (December 28, 2023).... Published 29 Dec, 2023 02:58am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (December 28, 2023)... Published 29 Dec, 2023 02:58am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Thursday (December 28, 2023). ======================================= ... Published 29 Dec, 2023 02:58am
First half of Jan’24: Petroleum products’ prices may be sustained Decision may be taken in line with marginal increase in prices of Brent globally Updated 29 Dec, 2023 02:24pm
ECP directs Punjab govt to ensure a level playing field ISLAMABAD: The Election Commission of Pakistan (ECP) has directed the Punjab government to ensure a level playing... Updated 29 Dec, 2023 08:40am
ECP accepts Nawaz’s nomination papers ISLAMABAD: The Election Commission of Pakistan (ECP) on Thursday accepted former Prime Minister Nawaz Sharif’s... Updated 29 Dec, 2023 08:58am
Caretakers and their mandate EDITORIAL: Whatever possessed the caretaker information minister, Murtaza Solangi, to introduce strategic ... Published 29 Dec, 2023 02:58am
Exim Bank of Pakistan EDITORIAL: The Export-Import (Exim) Bank of Pakistan will finally be operational. It was one of the conditions of ... Published 29 Dec, 2023 02:58am
DFI fails to avail deduction of income as bad debt LAHORE: A Development Financial Institution (DFI) had failed to avail deduction of income as bad debt for not ... Published 29 Dec, 2023 02:58am
Industry FPCCI polls: Agri sector reforms will be top priority: BMP VP KARACHI: Rafique Suleman, former Chairman Rice Exporters Association of Pakistan (REAP) and Vice President candidate... Published 29 Dec, 2023 02:58am
Industry Economic policies: Govt urged to consult chambers, stakeholders PESHAWAR: Members of the business community of Khyber Pakhtunkhwa urged the government to make proper consultation... Published 29 Dec, 2023 02:58am
Industry KATI, STEVTA form body to provide training to students KARACHI: To address the shortage of skilled manpower in the industry and align vocational training with industry... Published 29 Dec, 2023 02:58am
Industry FPCCI SG accused of turning elections into controversial affair KARACHI: United Business Group (UBG) leaders on Friday said that the Secretary General Federation of Pakistan ... Published 29 Dec, 2023 02:58am
Industry New industrial units: SBP should introduce low-cost financing scheme: FBATI KARACHI: Syed Raza Hussain, President of the Federal B Area Association of Trade and Industries (FBATI), has urged... Published 29 Dec, 2023 02:58am
Industry Rural & urban areas: ADB sees stark disparities in learning levels across public, private schools ISLAMABAD: While Pakistan has achieved remarkable progress toward universal primary education through a significant... Published 29 Dec, 2023 02:58am
Industry There’s dire need to reduce markup rate: UBG chief KARACHI: United Business Group President Zubair Tufail has said there is a dire need to reduce the markup rate in ... Published 29 Dec, 2023 02:58am
Industry Removal of ‘soft’ & ‘hard’ encroachments: Industrialists urged to develop mechanism HYDERABAD: The Divisional Commissioner Hyderabad Khalid Hyder Shah said that Industrialists and business community... Published 29 Dec, 2023 02:58am
Companies Home financing portfolio: HBFC signs term finance facility agreement with HBL KARACHI: House Building Finance Company (HBFC), Pakistan’s pioneering specialized housing finance institution with... Published 29 Dec, 2023 02:58am
Money & Banking Australia, NZ dlrs at fresh five-month highs SYDNEY: The Australian and New Zealand dollars were celebrating fresh five-month highs on Thursday as markets went... Published 29 Dec, 2023 02:58am
Money & Banking Dollar dips against yen NEW YORK: The dollar fell against the Japanese yen but clawed back most of its earlier losses against the euro on... Published 29 Dec, 2023 02:58am
Money & Banking China’s yuan firmer SHANGHAI: China’s yuan firmed against a weakening US dollar on Thursday, as the dollar index fell in late session... Published 29 Dec, 2023 02:58am
Money & Banking Asian currencies rise on US rate cut hopes BENGALURU: Most Asian emerging market stocks rose on Thursday, while the Taiwanese dollar and the South Korean won... Published 29 Dec, 2023 02:58am