News Archives for Print - 2024-01-14

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Print - 2024-01-14

Europe

Turkey bombs ‘terrorist targets’ in Iraq and Syria

ISTANBUL: Turkey conducted overnight air strikes on nearly 30 “terrorist targets” in northern Iraq and Syria...

Published 14 Jan, 2024 03:13am

ICJ won’t stop Israel fighting until victory in Gaza: Netanyahu

JERUSALEM: Israel will not be deterred by the International Court of Justice from pursuing its Gaza war until total...

Published 14 Jan, 2024 03:13am

Europe

Thousands march in London for Gaza ‘day of action’

LONDON: Thousands of pro-Palestine protesters marched in central London on Saturday as part of a “global day of...

Published 14 Jan, 2024 03:13am

Biden: US does not support Taiwan’s ‘independence’

WASHINGTON: US President Joe Biden said on Saturday the United States does not support the independence of Taiwan,...

Published 14 Jan, 2024 03:13am

Taiwan ruling party’s Lai wins presidential election

TAIPEI: Lai Ching-te, the presidential candidate for Taiwan’s ruling party, won an election on Saturday that China...

Published 14 Jan, 2024 03:13am

South Asia

At least 10 killed in China mining accident

BEIJING: At least 10 people were killed and six are missing after an accident at a coal mine in central China’s...

Published 14 Jan, 2024 03:13am

Women’s cricket tournament in Pindi tomorrow

LAHORE: Ayub Park Cricket Ground – also known as Ayub Park Cricket Stadium in Rawalpindi – is all set to host ...

Published 14 Jan, 2024 03:13am

CM pays visit to new Ravi bridge project

LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi conducted a detailed visit to the new Ravi Bridge project,...

Published 14 Jan, 2024 03:13am

Safari Park work reviewed

LAHORE: Chairman Planning and Development Board Iftikhar Ali Sahoo visited Safari Zoo and Lahore Ring Road on...

Published 14 Jan, 2024 03:13am

HBL PSL-9 to begin in Lahore from Feb 17

LAHORE: HBL PSL 9 will begin from 17th February 2024 at the PCB’s headquarters in Lahore, with two-time winners ...

Published 14 Jan, 2024 03:13am

The Weather

KARACHI: The weather report on Saturday (January 13, 2024) and the forecast for Sunday (January 14, 2024)....

Published 14 Jan, 2024 03:13am

ECP warns candidates seeking ‘alternatives’ symbols

Directs the ROs to reject all such applications proceeding strictly by law and in terms of the direction of Apex Court

Updated 14 Jan, 2024 10:47am

Legal formalities completed for PIA privatisation: minister

Fawad Hassan Fawad outlines various stages of the process for the PIA’s privatisation

Updated 14 Jan, 2024 10:49am

PTI asks candidates to submit nomination papers to ‘PTI-Nazriati’

ISLAMABAD: Pakistan Tehreek-e-Insaf’s (PTI) on Saturday turned to the symbol of “batsman” by executing its...

Published 14 Jan, 2024 03:13am

Three SNGPL officers promoted

ISLAMABAD: The SNGPL’S Board of Directors in its 618th meeting has approved promotion of three officers of higher...

Published 14 Jan, 2024 03:13am

An anatomy of economic clichés/mantras of 2023—II

It would not be out of place to state that a smaller group of economists in the community in these forums also...

Published 14 Jan, 2024 03:13am

Global Day of Action for Gaza: Moot reiterates support to S Africa’s application in ICJ against Israel

Speakers reaffirm the country’s abiding support for the legitimate cause of the Palestinian people

Updated 14 Jan, 2024 10:50am

Sindh launches ‘social protection delivery system’ in 15 districts

HYDERABAD: The Sindh caretaker Minister for Information, Social protection and minorities Mohammad Ahmed Shah said...

Published 14 Jan, 2024 03:13am

Toshakhana case: AC records statements of 10 PWs

RAWALPINDI: The Accountability Court on Saturday completed recording the statements of 10 prosecution witnesses in...

Published 14 Jan, 2024 03:13am

No significant weather change likely next week

KARACHI: The Met Office continues to dismiss rubbish social media news that is forecasting snow for plains of Punjab...

Published 14 Jan, 2024 03:13am

ICT: 45 vehicles taken away, 47 mobile phones snatched

ISLAMABAD: Despite tall claims of the capital police that they have busted criminal gangs, during the last week...

Published 14 Jan, 2024 03:13am

LHC underscores need for adherence to police station diaries

LAHORE: The Lahore High Court has observed that the station diary is retained at a police station to keep check on...

Published 14 Jan, 2024 03:13am

PML-N fields 70 candidates from Sindh

LAHORE: Pakistan Muslim League-Nawaz (PML-N) has fielded over 70 candidates for National Assembly and Provincial...

Published 14 Jan, 2024 03:13am

Letters

Children at peril

This is apropos a Business Recorder editorial “Abused children: the road to rehab is long” carried by the...

Published 14 Jan, 2024 03:13am

Another police officer shot dead in Quetta

QUETTA: In a tragic firing incident, a police officer was shot dead near Makran Road, Quetta on Saturday. According...

Published 14 Jan, 2024 03:13am

Cotton & Textile

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Saturday (January 13, 2024) ============================= 6/S-7/S (COTTON)...

Published 14 Jan, 2024 03:13am

Energy

US natgas prices soar

NEW YORK: US natural gas futures soared about 7% to a 10-week high on Friday ahead of the long Martin Luther King ...

Published 14 Jan, 2024 03:13am

Commodities

Asia rice prices hold flat as steady demand counters falling supply

BENGALURU/MUMBAI/HANOI/BANGKOK: Prices of rice exported from major Asian hubs remained steady this week, as...

Published 14 Jan, 2024 03:13am

Commodities

EU wheat slips

PARIS: Euronext wheat futures edged down on Friday to fresh contract lows as export competition from Black Sea...

Published 14 Jan, 2024 03:13am

Commodities

India’s Dec palm oil imports jump

MUMBAI: India’s palm oil imports surged to their highest in four months in December, driven by increased purchases...

Published 14 Jan, 2024 03:13am

Commodities

Cold snap hits drenched EU grain fields

PARIS: A recent cold snap in France and Germany is likely to have caused limited damage to waterlogged grain fields,...

Published 14 Jan, 2024 03:13am

Energy

US distillate inventories normalize as fuel demand slows

CHICAGO: Recent builds in US distillate stocks have pushed inventories to normal levels for the first time since...

Published 14 Jan, 2024 03:13am

Commodities

Corn, soybeans plunge on robust supplies

CHICAGO: Chicago corn futures plunged to a 3-year low on Friday, after the US Department of Agriculture reported ...

Published 14 Jan, 2024 03:13am

Commodities

China 2023 copper imports decline

BEIJING: China’s copper imports declined 6.3% in 2023, customs data showed on Friday, as domestic production...

Published 14 Jan, 2024 03:13am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday, (January 13, 2024)...

Published 14 Jan, 2024 03:13am

Cotton & Textile

Spot rate firm on cotton market

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

Published 14 Jan, 2024 03:13am

Commodities

Japanese rubber futures up

SINGAPORE: Japanese rubber futures rose on Friday, logging gains for the fifth consecutive week, as firmer oil ...

Published 14 Jan, 2024 03:13am

Commodities

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR25.719...

Published 14 Jan, 2024 03:13am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Saturday (January 13, 2024). ======================================= Offset...

Published 14 Jan, 2024 03:13am

PTI candidates to contest polls independently

ISLAMABAD: After the Supreme Court of Pakistan nullified Peshawar High Court’s (PHC) decision to restore PTI’s bat...

Updated 14 Jan, 2024 04:15pm

PTI loses ‘bat’ as SC restores ECP order

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) lost its elections symbol as the Supreme Court set aside the impugned...

Updated 14 Jan, 2024 10:36am

‘Extensive’ borrowing in foreign currency: Two govts blamed for worsening external debt

Acting finance minister says Pakistan's external debt significantly increased as a result of PTI and PDM borrowing forex during the past five years

Updated 14 Jan, 2024 07:40pm

SECP notifies draft of proposed amendments to NBFCs Rules, 2003

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced digital channels including ...

Updated 14 Jan, 2024 10:36am

13 renewable projects: Foreign investors move power minister

ISLAMABAD: Pakistan Foreign Renewable Energy Investors Forum has approached caretaker Minister for Power and...

Updated 14 Jan, 2024 10:38am

Fight against terrorism: ECC approves Rs250m TSG for IB

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved a technical supplementary grant...

Updated 14 Jan, 2024 10:38am

PTI says Gohar’s house was raided

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Saturday claimed that security forces raided the residence of party...

Updated 14 Jan, 2024 10:40am

Pak-origin UK national Mahnaz becomes IFC Sanctions Board member

ISLAMABAD: The World Bank (WB) has appointed Mahnaz Malik, a Pakistan-origin British national, as a Sanctions Board...

Updated 14 Jan, 2024 10:40am

Morgan Stanley to pay $249m to settle US trading fraud charges

NEW YORK: Morgan Stanley will pay $249 million to settle civil and criminal charges connected to stock trades where...

Published 14 Jan, 2024 03:13am

Taiwan inalienable part of PRC: FO

ISLAMABAD: Pakistan reiterated its position on the elections in Taiwan, saying it adheres to One China Policy, and...

Published 14 Jan, 2024 03:13am

Petroleum products: Up to Rs5.50 cut in ex-depot prices likely

ISLAMABAD: The interim government may announce a modest decrease in ex-depot prices of all petroleum products up to...

Updated 14 Jan, 2024 04:16pm

The missing persons

EDITORIAL: The performance of the commission of inquiry on enforced disappearances — which informed the Supreme...

Published 14 Jan, 2024 03:13am

Unrealistic expectations

EDITORIAL: Islamabad would be disappointed that Maulana Fazlur Rehman’s trip to Kabul didn’t quite prove ...

Published 14 Jan, 2024 03:13am

Literature

Book on cinematic history of old ‘Dehli’ launched

KARACHI: Reminiscing the cinematic history of old Dehli, now an Indian city, the author Brig Abdul Rahman Siddiqi...

Published 14 Jan, 2024 03:13am

40pc SMEs close down operations due to rising inflation, energy costs: FCCI

FAISALABAD: Forty percent of SMEs have been closed due to unprecedented inflation, high energy cost, delay in ...

Published 14 Jan, 2024 03:13am

Weekly market inflation: Prices of essential kitchen items increase further

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

Published 14 Jan, 2024 03:13am

Commodities

Gold moves up slightly

KARACHI: Gold on Saturday gained some momentum on the local market but silver was steady, traders said. Gold value...

Published 14 Jan, 2024 03:13am

Commodities

Palm oil cultivation to help cut import bill, trade deficit: speakers

KARACHI: The speakers at the two-day Pakistan Edible Oil Conference highlighted the need to initiate palm oil plants...

Published 14 Jan, 2024 03:13am

Commodities

Gold rallies on ME tensions

BENGALURU: Gold prices scaled a one-week peak on Friday as an escalation in the Middle East conflict fuelled...

Published 14 Jan, 2024 03:13am

Commodities

Vietnam coffee prices jump on tight supplies

HANOI/BANDAR LAMPUNG: Vietnamese coffee prices rose this week tracking higher prices in London due to limited ...

Published 14 Jan, 2024 03:13am

Commodities

Copper dips on stronger dollar

LONDON: Copper prices slipped on Friday on a firmer dollar and loan data from the world’s leading metals consumer...

Published 14 Jan, 2024 03:13am

Industry

FS briefs new TIOs about policy, SIFC

ISLAMABAD: Foreign Secretary Mohammad Syrus Sajjad Qazi on Saturday briefed the newly-appointed Trade and Investment...

Published 14 Jan, 2024 03:13am

Industry

Minister visits FPCCI, unveils his vision of new industrial zone for Karachi

KARACHI: Dr Gohar Ejaz, Federal Caretaker Minister for Commerce & Industries, has expressed his vision of new...

Published 14 Jan, 2024 03:13am

Taxes

Expert says there’re discrepancies in ATLs’ data

ISLAMABAD: There is a significant difference in the number of compliant income taxpayers and sales taxpayers...

Published 14 Jan, 2024 03:13am

Industry

Call for promoting trade relations with the Netherlands

LAHORE: The ambassador of Pakistan to the Netherlands Saljuq Mustansar Tarar called on Governor Punjab Muhammad...

Published 14 Jan, 2024 03:13am

Taxes

WHT return filing through agent not sufficient to prove tax payment: PRA

LAHORE: The Punjab Revenue Authority (PRA) has established its tax demand by proving that mere filing of tax return...

Published 14 Jan, 2024 03:13am

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	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
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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