News Archives for Print - 2024-01-07

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Print - 2024-01-07

Blinken tackles Gaza with Erdogan

ISTANBUL: Washington’s top diplomat discussed the Israel-Hamas war with Turkey’s mercurial leader on Saturday...

Published 07 Jan, 2024 02:43am

The Weather

KARACHI: The weather report on Saturday (January 06, 2024) and the forecast for Sunday (January 07, 2024)....

Published 07 Jan, 2024 02:43am

Commodities

EU wheat falls on Black Sea competition, eyes on cold snap

PARIS: European wheat fell on Friday, still pressured by Black Sea competition, although concern about cold weather...

Published 07 Jan, 2024 02:43am

Commodities

PMEX daily trading report

KARACHI: On Thursday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 17.816...

Published 07 Jan, 2024 02:43am

Commodities

Iron ore slips on weak near-term demand

BEIJING: Iron ore prices dropped on Friday, as tepid near-term demand and a higher-than-expected increase in ...

Published 07 Jan, 2024 02:43am

Commodities

Copper prices rebound as dollar falls

LONDON: Copper prices rebounded after touching a three-week low on Friday as the US dollar dropped from its...

Published 07 Jan, 2024 02:43am

Bringing every case to SC is something that must end now: CJP

ISLAMABAD: Chief Justice of Pakistan, Qazi Faez Isa said bringing every case to the Supreme Court must end in order...

Published 07 Jan, 2024 02:43am

Industry

LCCI concerned at another increase in power tariff

LAHORE: The Lahore Chamber of Commerce and Industry has expressed deep concern over another increase in power tariff...

Published 07 Jan, 2024 02:43am

Industry

Need stressed for setting up new industrial zones

KARACHI: Nighat Awan Acting President and Muslim Mohamedi Acting Senior Vice President of the Korangi Association of...

Published 07 Jan, 2024 02:43am

Dense weather likely this week

KARACHI: The Met Office fog warning on Saturday again cautioned the public, saying the dense weather is likely to...

Published 07 Jan, 2024 02:43am

Industry

Traders, officials discuss banned items in ATT

PESHAWAR: Traders dealing with Pak-Afghan trade and officials concerned discussed banned items in Afghan Trade...

Published 07 Jan, 2024 02:43am

Filing appeal for acquittal: Delay of even one day by govt should not be condoned, rules LHC

LAHORE: The Lahore High Court (LHC) held that a delay of one day should not be condoned to the government for filing...

Published 07 Jan, 2024 02:43am

All set for anti-polio drive in KP from tomorrow

PESHAWAR: All arrangements have been finalized to carry out a seven days anti-polio campaign successfully to be...

Published 07 Jan, 2024 02:43am

Various facets of foreign policy deliberated

ISLAMABAD: The three-day Envoys Conference 2024 concluded on Saturday after deliberations on steering Pakistan’s...

Published 07 Jan, 2024 02:43am

Crime rate increases in capital city

ISLAMABAD: Mobile phone snatching and car lifting incidents have increased manifold in the capital city during the...

Published 07 Jan, 2024 02:43am

Body formed to deal with water, sewerage issues

LAHORE: The Punjab government has constituted an 11-member committee to review the proposal to streamline issues...

Published 07 Jan, 2024 02:43am

UAE orders trial of 84 on ‘terrorism’ charges

DUBAI: The United Arab Emirates is to put 84 people on trial for terror-related offences, state media said Saturday,...

Published 07 Jan, 2024 02:43am

UAE’s PM announces cabinet reshuffle

CAIRO: The United Arab Emirates’ prime minister on Saturday appointed Maktoum bin Mohammed bin Rashid al-Maktoum ...

Published 07 Jan, 2024 02:43am

Israel, Hezbollah trade fire across Lebanon border

JERUSALEM/BEIRUT/ISTANBUL: Lebanon’s Iranian-backed Hezbollah group said on Saturday it had fired rockets at ...

Published 07 Jan, 2024 02:43am

Report on SOEs: MoF lists factors cutting profitability of power sector

ISLAMABAD: The electricity theft as well as under collections of billing and transmission and distribution losses in...

Published 07 Jan, 2024 02:43am

Energy

Wapda asked to restore welfare grant to special person

ISLAMABAD: President Dr Arif Alvi has directed Wapda to immediately pay/restore the welfare grant to a retired...

Published 07 Jan, 2024 02:43am

Cotton & Textile

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Saturday (January 06, 2024) ============================= 6/S-7/S (COTTON)...

Published 07 Jan, 2024 02:43am

Appeal dismissed against acceptance of Maryam’s nomination papers

LAHORE: An appellate tribunal of the Lahore High Court on Saturday upheld the decision of the returning officer and...

Published 07 Jan, 2024 02:43am

CM opens e-registry model centre

LAHORE: Inaugurating the e-registry model center here on Saturday, the caretaker Punjab Chief Minister Mohsin Naqvi...

Published 07 Jan, 2024 02:43am

Anti-polio drive: Officials to face action over poor performance

LAHORE: The Provincial Task Force for Polio Eradication has decided that stern action would be taken against the...

Published 07 Jan, 2024 02:43am

PGMI principal vows to serve ailing humanity

LAHORE: Ameer Uddin Medical College / PGMI Principal Prof. Dr. Al-Fareed Zafar has expressed resolve to serve the...

Published 07 Jan, 2024 02:43am

Need for ethical business conduct

Recently, the Pakistan’s economic environment has been tainted by the shadows of unethical practices, raising...

Published 07 Jan, 2024 02:43am

Attaining energy security through coal

Coal is back but with application of Clean Coal Technologies which augers well for Pakistan, this was the clear...

Published 07 Jan, 2024 02:43am

Covid-19 preventative steps reinstated at major airports

KARACHI: Pakistan has reinstated COVID-19 preventative measures and restrictions at all major airports nationwide in...

Published 07 Jan, 2024 02:43am

Fazl to leave for Kabul today

Pakistan-Afghanistan matters and other issues will come under discussion during the visit

Updated 07 Jan, 2024 10:24am

ECP receives Senate-adopted resolution

The electoral watchdog is calling a meeting to discuss the resolution

Updated 07 Jan, 2024 10:23am

PTI to unveil list of candidates in two days: Gohar

Says Imran Khan has full faith in the judiciary and judges

Updated 07 Jan, 2024 10:22am

Senate resolution: PTI issues notice to its senator

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Saturday stepped into action and issued a show-cause notice to Senator...

Published 07 Jan, 2024 02:43am

OGDCL gives donation to Green Care Hospital

ISLAMABAD: While demonstrating unwavering commitment to healthcare, the Oil and Gas Development Company Limited...

Published 07 Jan, 2024 02:43am

Toshakhana, Al-Qadir Trust references: Indictment of IK, spouse deferred

ISLAMABAD: Accountability Court here on Saturday again deferred the indictment of Pakistan Tehreek-e-Insaf (PTI)...

Published 07 Jan, 2024 02:43am

Letters

‘Crises old and new’

This is apropos a Business Recorder op-ed “Crises old and new” carried by the newspaper about a week ago. The...

Published 07 Jan, 2024 02:43am

Energy

US natgas prices gain to six-week high with extreme cold coming

NEW YORK: US natural gas prices climbed about 3% to a six-week high on Friday forecasts that extreme cold weather in...

Published 07 Jan, 2024 02:43am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (December 04, 2024)...

Published 07 Jan, 2024 02:43am

Cotton & Textile

Cotton market: Spot rate gains Rs300 more per maund

LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Saturday increased the spot rate by Rs...

Published 07 Jan, 2024 02:43am

Energy

Oil prices higher on ME tensions

HOUSTON: Oil prices settled higher on Friday as US Secretary of State Antony Blinken began a week-long sweep through...

Published 07 Jan, 2024 02:43am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Saturday (January 06, 2024). ======================================= Offset...

Published 07 Jan, 2024 02:43am

How to exterminate TTP?

EDITORIAL: The interior ministry’s warning to the Senate, that continued influx of “TTP members” in Khyber...

Published 07 Jan, 2024 02:43am

Commodities

Japanese rubber up

SINGAPORE: Japanese rubber futures rose on Friday underpinned by strong automobile demand, Thailand thunderstorms,...

Published 07 Jan, 2024 02:43am

Legal framework for Saudi investment

EDITORIAL: SIFC (special investment facilitation council) is in the news yet again; this time for helping overcome...

Published 07 Jan, 2024 02:43am

Companies

GTR marks 60 years of driving Pakistan forward

LAHORE: Ghandhara Tyre (GTR) celebrated its 60th anniversary, marking six decades of leadership and reliability with...

Published 07 Jan, 2024 02:43am

Companies

273 firms participating in ‘Heimtextil 2024’

KARACHI: A total of 273 Pakistani companies participating in Heimtextil 2024 schedule to take place from 09–12...

Published 07 Jan, 2024 02:43am

Industry

Industrial sector backbone of economy: Hesco

HYDERABAD: Chief Executive Officer Hyderabad Electric Supply Company (Hesco) Bashir Ahmed has called for promoting...

Published 07 Jan, 2024 02:43am

Taxes

FATA residents fail to avail WHT exemption deduction by NSC

LAHORE: Residents of the erstwhile Federally Administered Tribal Areas (FATA) have failed to avail exemption from...

Published 07 Jan, 2024 02:43am

Prices of kitchen items show rising trend

ISLAMABAD: The prices of essential kitchen items have witnessed an increasing trend during this week past against ...

Published 07 Jan, 2024 02:43am

Money & Banking

Bank Alfalah launches 1000th branch; surpasses Rs2trn deposits

KARACHI: Bank Alfalah Limited, one of the leading commercial banks in Pakistan, achieved two significant milestones...

Published 07 Jan, 2024 02:43am

Commodities

Gold prices up by Rs1000/tola

KARACHI: Gold prices on Saturday regained some value on the local market, but silver was firm, traders said. Gold...

Published 07 Jan, 2024 02:43am

Commodities

Taiwan buys wheat

HAMBURG: The Taiwan Flour Millers’ Association purchased an estimated 82,975 metric tons of milling wheat to be...

Published 07 Jan, 2024 02:43am

Commodities

Chicago soyabeans gain

SINGAPORE/PARIS: Chicago soyabean futures edged higher on Friday, but the market was on track for a third weekly...

Published 07 Jan, 2024 02:43am

Commodities

Malaysian palm oil futures climb

SINGAPORE: Malaysian palm oil futures rose for a second consecutive session on Friday as investors assessed the...

Published 07 Jan, 2024 02:43am

Amended Punjab Civil Servants law promulgated

LAHORE: Governor Punjab Muhammad Balighur Rehman, in the exercise of the powers conferred upon him under Clause (01)...

Updated 07 Jan, 2024 10:21am

Polls delay: JI Senator challenges resolution

ISLAMABAD: Jamaat-e-Islami (JI) Senator Mushtaq Ahmed Khan has moved a resolution for the Senate’s consideration ...

Updated 07 Jan, 2024 10:21am

PHC’s interim order: PTI moves SC for early hearing of appeal

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) filed an application for an early hearing of its appeal against the...

Updated 07 Jan, 2024 10:21am

Elections on Feb 8, come what may: Bilawal

LAHORE: Chairman Pakistan People’s Party (PPP) Saturday said general elections will be held on February 8, come...

Updated 07 Jan, 2024 10:20am

Balochistan highway network: ADB wing rates $240.5m project as relevant, successful

ISLAMABAD: The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated “Pakistan:...

Updated 07 Jan, 2024 10:20am

Interest Rates

Fed’s Logan: should not rule out another rate hike

WASHINGTON: Federal Reserve Bank of Dallas President Lorie Logan on Saturday warned that the US central bank may ...

Published 07 Jan, 2024 02:43am

Hike in security deposits, connections: Nepra asks Discos to file petitions

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) is said to have asked power Distribution...

Updated 07 Jan, 2024 02:46pm

Micro/inclusive insurance: New scheme likely to be embedded into other services

The proposed insurance scheme is likely to be embedded with other financial services, like credit, savings, and remittances, to increase financial inclusion

Updated 07 Jan, 2024 08:40pm

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 28	254.63
Diesel/Litre / Apr 28	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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