World’s five richest men doubled their fortunes since 2020: Oxfam DAVOS, Switzerland: The world’s wealthiest five men have more than doubled their fortune since 2020, the charity... Published 16 Jan, 2024 05:44am
N Korean hackers, criminals share money laundering networks in SE Asia: UN LONDON: North Korean hackers are sharing money-laundering and underground banking networks with fraudsters and drug... Published 16 Jan, 2024 05:44am
US-owned ship hit by missile off Yemen DUBAI: A missile struck a US-owned cargo ship off the coast of Yemen on Monday, a British security agency and... Published 16 Jan, 2024 05:44am
Deaths top 24000: Gaza: UN chief calls for ‘immediate’ ceasefire UNITED NATIONS (United States): UN Secretary-General Antonio Guterres called Monday for an “immediate humanitarian... Published 16 Jan, 2024 05:44am
ECP approves 250m ballot papers ISLAMABAD: The Election Commission (ECP) on Monday approved printing of 250 million watermarked ballot papers for ... Published 16 Jan, 2024 05:44am
LHC seeks replies from ECP on IK’s petitions LAHORE: A full bench of the Lahore High Court Monday sought replies from the Election Commission of Pakistan (ECP) ... Published 16 Jan, 2024 05:44am
Middle East Iran urges US, Britain to ‘stop war against Yemen’ TEHRAN: Iran urged Monday the United States and Britain to “stop the war against Yemen” following their recent... Published 16 Jan, 2024 05:44am
WHO seeks $1.5bn for urgent health aid in 2024 GENEVA: The UN health agency on Monday said it needed $1.5 billion in 2024 for life-saving aid to tens of millions ... Published 16 Jan, 2024 05:44am
Pacific nation Nauru cuts ties to Taiwan, switches to China SYDNEY: The South Pacific nation of Nauru announced on Monday it was severing diplomatic ties with Taiwan and would... Published 16 Jan, 2024 05:44am
Republican US presidential contest kicks off in frigid Iowa, testing Trump DES MOINES (United States): Voters kick off the US Republican presidential nomination race Monday with caucuses in... Published 16 Jan, 2024 05:44am
Asia Myanmar rebel group claims control of town bordering India, BD NEW DELHI: An ethnic armed group in the western Myanmar state of Rakhine said it has taken control of a town... Published 16 Jan, 2024 05:44am
Europe UK announces biggest military deployment to NATO exercises in decades LONDON: Britain will send 20,000 armed forces personnel to one of NATO’s largest exercises since the Cold War,... Published 16 Jan, 2024 05:44am
‘Country needs smart solutions to combat current challenges’ ISLAMABAD: Federal Minister for Education and Professional Training, Madad Ali Sindhi Monday emphasized on adopting... Published 16 Jan, 2024 05:44am
3rd KPT Football Challenge Cup 2023 held KARACHI: Karachi Port Trust organised 3rd KPT Football Challenge Cup 2023-24 and the 18 best football teams from all... Published 16 Jan, 2024 05:44am
Utility stores witness historic surge in sales ISLAMABAD: The utility stores in Pakistan have witnessed a historic surge in sales, reportedly due to the impact of... Published 16 Jan, 2024 05:44am
Naqvi visits Shahdara Chowk flyover project LAHORE: The roads surrounding the Shahdara Chowk have been completed along with beautiful plants, landscaping and... Published 16 Jan, 2024 05:44am
Flood-hit communities: Bank Alfalah disburses Rs1.24bn in 2023 KARACHI: Bank Alfalah, a leading commercial Bank in Pakistan, reported the highlights of 2023 during Phase 2 of its... Published 16 Jan, 2024 05:44am
CPEC emerges as key driver of transformative developments in Pakistan ISLAMABAD: China-Pakistan Economic Corridor (CPEC) emerges as a key driver of transformative and all-round... Published 16 Jan, 2024 05:44am
Travel Museum of the Future and Atlantis Aquaventure: Emirates offer free entry tickets on stay or stopover in Dubai KARACHI: Emirates announced an exciting new offer for travellers planning to visit Dubai this winter. Starting from... Published 16 Jan, 2024 05:44am
e-FOAS implementation: PITB, Al-Khidmat Foundation sign MoU LAHORE: The Punjab Information Technology Board (PITB) and Al-Khidmat Foundation have signed a memorandum of... Published 16 Jan, 2024 05:44am
7 May 9 cases against IK: LHC summons IO along with record LAHORE: A division bench of the Lahore High Court on Monday summoned the investigating officer along with the record... Published 16 Jan, 2024 05:44am
LHC disposes of Sheikh Rashid’s plea against Punjab govt LAHORE: The Lahore High Court on Monday disposed petitions of Sheikh Rashid and a bar member Zaman Wadik filed... Published 16 Jan, 2024 05:44am
ECP determined to hold general elections on Feb 8 LAHORE: The caretaker Federal Minister for Information and Broadcasting Murtaza Solangi has said the Election... Published 16 Jan, 2024 05:44am
The Weather KARACHI: The weather report on Monday (January 15, 2024) and the forecast for Tuesday (January 16, 2024)... Published 16 Jan, 2024 05:44am
Nikkah case: charge against IK, spouse to be framed today ISLAMABAD: A local court on Monday announced that a charge against Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan... Published 16 Jan, 2024 05:44am
Industry Pakistan facing insulin shortage due to uncertain policies: experts KARACHI: Pakistan is facing a shortage of high quality insulin, a dire situation for a country where over one-fourth... Updated 16 Jan, 2024 08:20am
Toshakhana case: AC records statements of three more prosecution witnesses RAWALPINDI: The Accountability Court on Monday recorded statements of three more prosecution witnesses in the... Published 16 Jan, 2024 05:44am
Iddat case: IHC issues notices to respondents over Bushra Bibi’s plea ISLAMABAD: The Islamabad High Court (IHC), Monday, issued notices to the respondents in Bushra Bibi’s petition... Published 16 Jan, 2024 05:44am
PTI not boycotting polls despite SC verdict, says Gohar ISLAMABAD: PTI chairman Barrister Gohar Khan on Monday said his party would not boycott the February 8 general... Published 16 Jan, 2024 05:44am
‘A level playing field’: PTI withdraws contempt petition against ECP, Punjab IGP ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) withdrew its contempt petition against the Election Commission of... Published 16 Jan, 2024 05:44am
Physical remand of Fawad Chaudhry extended ISLAMABAD: The Accountability Court on Monday extended the physical remand of former federal minister Fawad Chaudhry... Published 16 Jan, 2024 05:44am
PARTLY FACETIOUS: A beleaguered PTI “Bias or based on law.” “Depends on so many factors. And before you seek an objective viewpoint, let me give... Published 16 Jan, 2024 05:44am
Iran’s special rep for Afghanistan meets Jilani ISLAMABAD: Iran’s Special Representative for Afghanistan Affairs Hassan Kazmi Qomi on Monday discussed Afghanistan... Published 16 Jan, 2024 05:44am
NEECA holds seminar: Govt seeks support from religious leaders to promote energy conservation ISLAMABAD: The federal government has sought support from religious leaders for conservation of energy in the... Published 16 Jan, 2024 05:44am
PML-N launches election drive with rally in Okara LAHORE: Pakistan Muslim League-Nawaz on Monday launched it’s election drive for February 8, general elections amid... Published 16 Jan, 2024 05:44am
4 prosecution witnesses record statements in cypher case ISLAMABAD: The special court on Monday recorded the statements of four prosecution witnesses in the cypher case... Published 16 Jan, 2024 05:44am
Smog in Punjab: Chinese experts take stock of situation LAHORE: Chinese environmental experts held important meetings with the secretary Agriculture and secretary... Published 16 Jan, 2024 05:44am
‘Anti-Rape Crises Centre’ in PIMS opened ISLAMABAD: British High Commissioner Jane Marriot together with Chairperson for the Special Committee on Anti-Rape... Published 16 Jan, 2024 05:44am
Bilawal assails election ‘strategy’ of PML-N QAMBER-SHAHDADKOT: Chairman Pakistan People’s Party (PPP) Bilawal Bhutto Zardari has said that Pakistan Muslim... Published 16 Jan, 2024 05:44am
Navigating FDI challenges in power sector The latest investment setback suffered by the renewable energy sector in Pakistan is the unsuccessful endeavour to... Published 16 Jan, 2024 05:44am
IMF projections The good news is that the IMF Executive Board has completed the First Review of the Stand-By Arrangement for ... Updated 16 Jan, 2024 06:12am
Letters How PML-N’s prospects have suddenly brightened? This is apropos a Business Recorder Letter to the Editor “PTI’s woes deepen” carried by the newspaper... Published 16 Jan, 2024 05:44am
Stocks European shares start week on shaky footing PARIS: European shares ended lower on Monday as government bond yields rose amid warnings against premature rate ... Published 16 Jan, 2024 05:44am
Stocks China stocks slip after central bank keeps medium-term rate unchanged SHANGHAI: China stocks ended slightly lower on Monday, after the central bank surprised markets by leaving the... Published 16 Jan, 2024 05:44am
Stocks Gulf stocks end mixed DUBAI: Stock markets in the Gulf ended mixed on Monday ahead of the usual flurry of quarterly and full-year ... Published 16 Jan, 2024 05:44am
Stocks Tokyo stocks end higher for sixth session TOKYO: Tokyo shares ended higher for a sixth straight session on Monday, with the Nikkei again hitting a nearly... Published 16 Jan, 2024 05:44am
Rates PSX lands in negative zone KARACHI: Pakistan Stock Exchange on Monday opened in positive zone on the back of buying interest in key oil and gas... Published 16 Jan, 2024 05:44am
Negative list: FBR excludes many items ISLAMABAD: The Federal Board of Revenue (FBR) has excluded a number of items from the negative list and allowed... Updated 16 Jan, 2024 09:41am
‘Reservations on PSM, Audited Accounts authenticity’: PSMC stakeholders express concerns ISLAMABAD: Pakistan Steel Mills Corporation (PSMC) stakeholders group has observed and expressed serious... Updated 16 Jan, 2024 09:42am
Profiles of field formation officials: FBR concerned over delay in updating data ISLAMABAD: The Federal Board of Revenue (FBR) has expressed serious concern over the delay in updating data of the... Updated 16 Jan, 2024 08:53am
Commodities Gold gains Rs450/tola KARACHI: Gold prices on Monday saw a slight gain on the local market but silver stood firm, traders said. Gold... Published 16 Jan, 2024 05:44am
Stocks FTSE 100 slips as luxury, bank stocks weigh LONDON: The UK’s FTSE 100 fell on Monday, hurt by a sell-off in luxury and bank stocks, while lacklustre corporate... Published 16 Jan, 2024 05:44am
Commodities Japan rubber futures hit 6-week high SINGAPORE: Japanese rubber futures hit a six-week high on Monday as inclement weather in Thailand, the world’s top... Published 16 Jan, 2024 05:44am
Energy Oil slips about 1pc despite Middle East conflict LONDON: Oil prices lost roughly 1 percent on Monday as the Middle East conflict’s limited impact on crude output... Published 16 Jan, 2024 05:44am
Rates Activities of Karachi Port KARACHI: The Karachi Port handled 187,117 tonnes of cargo comprising 76,895 tonnes of import cargo and 110,222 ... Published 16 Jan, 2024 05:44am
Commodities Robusta coffee climbs as Red Sea conflict slows shipments LONDON: Robusta coffee futures on ICE rose on Monday as supplies are tightened by disruptions to the flow of ... Published 16 Jan, 2024 05:44am
Commodities India has no immediate plans to allow duty-free corn imports NEW DELHI: India does not plan to import wheat and its farmers are likely to harvest a bumper crop that will boost... Published 16 Jan, 2024 05:44am
Commodities PMEX daily trading report KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR22.820 ... Published 16 Jan, 2024 05:44am
Commodities Palm oil closes lower, snapping seven-session gaining streak KUALA LUMPUR: Malaysian palm oil futures slipped on Monday and snapped a seven-session gaining streak, pressured by... Published 16 Jan, 2024 05:44am
Commodities Gold rises as safe-haven demand NEW YORK: Gold prices advanced on Monday, as the metal’s appeal was boosted by safe-haven demand owing to tensions... Published 16 Jan, 2024 05:44am
Commodities Dollar pressures copper while zinc jumps on smelter shutdown LONDON: Copper prices came under pressure on Monday as the dollar strengthened and worries about Chinese demand... Published 16 Jan, 2024 05:44am
Cotton & Textile Cotton spot rates KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (January 15, 2024)... Published 16 Jan, 2024 05:44am
Cotton & Textile Cotton market remain steady with low volume LAHORE: The local cotton market on Monday remained steady and the trading volume remained low. Cotton Analyst ... Published 16 Jan, 2024 05:44am
Energy US natural gas demand soars, Texas faces possible shortfall NEW YORK: U.S. natural gas output fell to a preliminary 11-month low on Sunday as frigid weather froze wells across... Published 16 Jan, 2024 05:44am
Commodities Dalian iron ore extends falls on lack of long-awaited China rate cut BEIJING: Iron ore futures moved sideways on Monday with the Dalian benchmark extending falls for a second session,... Published 16 Jan, 2024 05:44am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Monday (January 15, 2024). ========================== KIBOR... Published 16 Jan, 2024 05:44am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on ... Published 16 Jan, 2024 05:44am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Monday (January 15, 2024). ==================================== BR... Published 16 Jan, 2024 05:44am
Forex Dollar's rate in Interbank market KARACHI: Interbank closing rates for dollar on Monday (January 15, 2024). ======================== Open Bid ... Published 16 Jan, 2024 05:44am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (January 15, 2024).... Published 16 Jan, 2024 05:44am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 15, 2024).... Published 16 Jan, 2024 05:44am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (January 15, 2024)... Published 16 Jan, 2024 05:44am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Monday (January 15, 2024). ======================================= Offset... Published 16 Jan, 2024 05:44am
Rates LME official prices LONDON: The following were Friday official prices. ========================================= ALUMINIUM... Published 16 Jan, 2024 05:44am
Cotton & Textile Faisalabad Yarn and Fiber Prices FAISALABAD: Yarn Market Rates on Monday (January 15, 2024) =========================== 6/S-7/S (COTTON)... Published 16 Jan, 2024 05:44am
Red Sea trade disruption hits energy sector QatarEnergy holds back at least four gas tankers from the Red Sea Updated 16 Jan, 2024 10:03am
Ministries, Divisions told: ‘Submit no summary contrary to IMF commitments’ ISLAMABAD: The Ministry of Finance has barred all ministries/ Divisions from submitting any summary to the Federal... Updated 16 Jan, 2024 02:53pm
Dec 23 FCA: CPPA-G seeks Rs5.62/unit raise in Discos’ tariffs ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) has sought an increase of Rs5.62 per unit in... Updated 16 Jan, 2024 08:55am
Pending TDS: KE seeks payment of Rs137.4bn from Centre ISLAMABAD: K-Electric (KE) has sought payment of Rs 137.4 billion regarding pending Tariff Differential Subsidy... Updated 16 Jan, 2024 08:54am
Focus on cooperation with Russia: Work begins on 13th 5-year energy plan ISLAMABAD: Ministry of Planning, Development and Special Initiatives (M/o PD&SI) has commenced working on... Updated 16 Jan, 2024 09:41am
RDA attracts $1.6bn in CY23 KARACHI: Roshan Digital Accounts (RDA) attracted fresh inflows amounted to $1.6 billion during the last calendar... Published 16 Jan, 2024 05:44am
Petrol price cut by Rs8/litre ISLAMABAD: The interim government on Monday slashed the ex-depot price of petrol by Rs 8 per litre in a fortnightly... Published 16 Jan, 2024 05:44am
Polls cannot be postponed ‘at this stage’: ECP ISLAMABAD: The poll organisation has declined to act on a non-binding yet controversial resolution adopted by the... Updated 16 Jan, 2024 08:53am
Rs306bn authorised for PSDP projects ISLAMABAD: The Ministry of Planning, Development and Special Initiatives has authorised Rs 305.96 billion (32.55... Updated 16 Jan, 2024 08:54am
Nov LSM sees 1.59pc growth YoY ISLAMABAD: Large-Scale Manufacturing (LSM) has registered a growth of 1.59 per cent in November year-on-year basis... Updated 16 Jan, 2024 09:43am
Companies At a premium: PSX body determines ‘minimum buyback price’ of Rs609 for Pak Suzuki Motor Company KARACHI: The Voluntary Delisting Committee (VDC) of the Pakistan Stock Exchange (PSX) has determined the ‘minimum... Updated 16 Jan, 2024 08:07am
Taxes FBR, refineries discuss tax-related issues ISLAMABAD: The Federal Board of Revenue (FBR) and oil refineries held a meeting here in the Petroleum Division to... Published 16 Jan, 2024 05:44am
China, Pakistan to forge strong software cooperation BEIJING: The 21st China International Software Corporation Conference was successfully held in Chengdu, China. The... Published 16 Jan, 2024 05:44am
Agri sector: FPCCI calls for increased cooperation with China KARACHI: Pakistan can strengthen agricultural and food cooperation with China to maximize its export contribution.... Published 16 Jan, 2024 05:44am
Insurance: Collaboration for digital healthcare solutions KARACHI: Sehat Kahani, a digital healthcare platform, has forged a strategic alliance with EFU Health Insurance Ltd... Published 16 Jan, 2024 05:44am
PARCO reports another oil theft incident at Bin Qasim KARACHI: Following a police complaint by Pak-Arab Refinery Company (PARCO), another incident of oil theft from a... Published 16 Jan, 2024 05:44am
CM inaugurates BISE e-service mobile app LAHORE: Inaugurating the e-service mobile application, Chief Minister Punjab Mohsin Naqvi also announced the launch... Published 16 Jan, 2024 05:44am
Replacing defective parts of vehicles under warranty is not a taxable supply LAHORE: A car manufacturer has proved that replacing defective parts of vehicles under warranty was not a taxable... Published 16 Jan, 2024 05:44am
Indian exporters face rising costs after Red Sea attacks NEW DELHI: The cost of Indian exports has more than doubled due to the Yemeni Houthi militia’s attacks on ships in... Published 16 Jan, 2024 05:44am
Covid again EDITORIAL: Now that it’s pretty clear that the Covid virus is making a comeback across the world – particularly... Published 16 Jan, 2024 05:44am
Optics are important EDITORIAL: Caretaker Prime Minister Anwaarul Haq Kakar’s decision to attend the fifty-fourth annual meeting of the... Published 16 Jan, 2024 05:44am
FBR needs to look beyond the salaried class to grow tax collection Budgets seem to be all about providing largesse to the poor and incentives to the industry while reiterating the... Published 16 Jan, 2024 05:44am
Money & Banking RIDB, Euronet Pakistan to launch first ‘Islamic Digital Bank’ KARACHI: Raqami Islamic Digital Bank (RIDB) and Euronet Pakistan Pvt Ltd have entered into an agreement to promote... Published 16 Jan, 2024 05:44am
Money & Banking Indian rupee gains for ninth session MUMBAI: The Indian rupee ended higher on Monday for a ninth straight session, fuelled by speculative bets its recent... Published 16 Jan, 2024 05:44am
Money & Banking Dollar little changed on MLK Day LONDON: The dollar was little changed on Monday in cautious during a US public holiday, while risk-sensitive ... Published 16 Jan, 2024 05:44am