News Archives for Print - 2024-01-28

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Print - 2024-01-28

Energy

Russia’s Gazprom Neft sees no need for extra OPEC+ oil output cuts

MOSCOW: The head of Russian oil major Gazprom Neft said on Saturday he sees no need for additional oil supply cuts ...

Published 28 Jan, 2024 02:43am

British Columbia, Punjab to be declared as twin provinces

LAHORE: On the direction of Chief Minister Punjab Mohsin Naqvi, a three- member ministerial delegation of Punjab met...

Published 28 Jan, 2024 02:43am

The Weather

KARACHI: The weather report on Saturday (January 27, 2024) and the forecast for Sunday (January 28, 2024)....

Published 28 Jan, 2024 02:43am

Commodities

Buenos Aires grains exchange hikes soy, cornharvest forecasts

BUENOS AIRES: Argentina’s Buenos Aires grains exchange on Thursday lifted its production forecasts for 2023/24 soy...

Published 28 Jan, 2024 02:43am

Commodities

Copper slips on doubts over China’s stimulus measures

LONDON: Copper dipped on Friday as investors questioned whether attempts by top metals consumer China to boost its...

Published 28 Jan, 2024 02:43am

Commodities

Gold holds steady with spotlight on Fed verdict

BENGALURU: Gold prices held steady on Friday as investors’ attention shifted to the US Federal Reserve’s policy...

Published 28 Jan, 2024 02:43am

Commodities

Panama Canal taps coffee farmers to help heal area hit by deforestation, drought

CAPIRA, (Panama): An incentive program for coffee farmers in Panama who have planted scores of trees near the...

Published 28 Jan, 2024 02:43am

Commodities

Funds cut short position in raw sugar

NEWYORK: Speculators sharply reduced their short position in futures of raw sugar on ICE US in the week to Jan. 23,...

Published 28 Jan, 2024 02:43am

SAU, Canadian ‘Hoopo’ sign MoU on survey on carbon-neutral villages

HYDERABAD: A MoU was signed between Sindh Agriculture University and the Canadian organisation “Hoopo” for a...

Published 28 Jan, 2024 02:43am

‘PTI candidates’ hold virtual convention

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) ‘candidates’ for both national and provincial assemblies on Saturday...

Published 28 Jan, 2024 02:43am

Rotary global leadership hosts press conference to explain objectives

ISLAMABAD: Rotary International leadership hosted a press conference here on Saturday. Rotary International...

Published 28 Jan, 2024 02:43am

Nation has potential for uplift: Alvi

KARACHI: President Dr Arif Alvi said on Saturday that the nation had the potential to put the country on the path to...

Published 28 Jan, 2024 02:43am

Alvi underscores need for financial inclusion of special people

KARACHI: President Dr Arif Alvi Saturday said the financial inclusion of special people would have a positive effect...

Published 28 Jan, 2024 02:43am

Jahangir, Martin, Claytor, Pakistan Quarters: Sindh, Center agree on remodeling, development

KARACHI: The Sindh and the federal governments have approved the draft Memorandum of Understanding (MoU) to be ...

Published 28 Jan, 2024 02:43am

ICT sees surge in street crime

ISLAMABAD: The capital city witnessed an increase in incidents of car lifting and mobile phone snatching during the...

Published 28 Jan, 2024 02:43am

PCB BoGs constituted with inclusion of Mohsin Naqvi

LAHORE: Pakistan Cricket Board Saturday announced the composition of its Board of Governors (BoGs) in accordance ...

Published 28 Jan, 2024 02:43am

Jamia Naeemia supports Aleem

LAHORE: Darul Uloom Jamia Naeemia, a well-known religious institution of Lahore, has announced its support for...

Published 28 Jan, 2024 02:43am

Mushaal highlights violations in Palestine, IIOJK

LAHORE: In a recent meeting at the Lahore Chamber of Commerce and Industry (LCCI), Special Assistant to Prime...

Published 28 Jan, 2024 02:43am

LHC explains criticality of welfare of a minor in guardianship, custody cases

LAHORE: The Lahore High Court held that technicalities of delay in filing of an appeal cannot be adhered to strictly...

Published 28 Jan, 2024 02:43am

Governor approves initiatives for improving governance

LAHORE: Governor Punjab, Muhammad Balighur Rehman, chaired the meeting of the consortium on improving governance and...

Published 28 Jan, 2024 02:43am

Bilawal says PPP has always supported CPEC

PESHAWAR: Pakistan Peoples’ Party Chairman, Bilawal Bhutto Zardari here Saturday said that his party always...

Published 28 Jan, 2024 02:43am

‘ECP’s trial run of EMS proves successful’

ISLAMABAD: The Election Commission of Pakistan (ECP) successfully conducted a mock exercise of the Election...

Published 28 Jan, 2024 02:43am

QWP promises jobs for youth, if voted to power

PESHAWAR: Spearheading the election campaign for his party, Qaumi Watan Party Chairman Aftab Ahmad Khan Sherpao...

Published 28 Jan, 2024 02:43am

Pakistan, Marshal Islands establish formal diplomatic ties

ISLAMABAD: Pakistan and Marshall Islands established formal diplomatic ties on Saturday. Permanent Representative of...

Published 28 Jan, 2024 02:43am

FBR restructuring: a recipe for disaster–I

While briefing the Senate Committee on Finance, Chairman FBR confirmed that the proposed restructuring of FBR...

Published 28 Jan, 2024 02:43am

Manifesto: highlights

LAHORE: The following are highlights of the PML-N manifesto launched here by the party supremo Nawaz Sharif on...

Updated 28 Jan, 2024 09:48am

PPP unveils manifesto titled ‘Chuno Nai Soch Ko’

Urges the people to rally behind Bilawal Bhutto-Zardari for transformative change in the country

Updated 28 Jan, 2024 09:48am

Europe

Countries halt funding to UN agency in Gaza

PARIS: Several key donor countries to the UN agency for Palestinian refugees said Saturday they would halt their...

Published 28 Jan, 2024 02:43am

‘End to war’: World reacts to genocide ruling

PARIS: The reactions to the top UN court’s ruling Friday in the Israel-Gaza case were split along the lines of the...

Published 28 Jan, 2024 02:43am

IK, Qureshi express no-confidence in state defence lawyers

RAWALPINDI: Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and PTI’s vice chairman Shah Mahmood Qureshi on...

Updated 28 Jan, 2024 07:12pm

Commonwealth observers to monitor Feb 8 elections

ISLAMABAD: A Commonwealth team led by former Nigerian President Dr Goodluck Jonathan will be deployed to Pakistan to...

Updated 28 Jan, 2024 05:05pm

Ogra says no decision so far on tariff hike requests

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra), on Saturday, stated that it had yet to take decision on gas...

Updated 28 Jan, 2024 05:15pm

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Saturday (January 27, 2024). ======================================= Offset...

Published 28 Jan, 2024 02:43am

Commodities

EU wheat futures fall

PARIS: Euronext wheat futures fell on Friday to near contract lows, pressured by a sharp drop in Chicago and worries...

Published 28 Jan, 2024 02:43am

Cotton & Textile

Spot rate picks up Rs200 per maund

LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) announced a significant increase in cotton...

Published 28 Jan, 2024 02:43am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday, (January 27, 2024)...

Published 28 Jan, 2024 02:43am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR25.875...

Published 28 Jan, 2024 02:43am

Commodities

Soybeans, corn pressured by South American supply prospects

CHICAGO: US soybean futures sank to a one-week low on Friday and corn fell more than 1% as traders focused on...

Published 28 Jan, 2024 02:43am

Energy

Oil prices up on strong economic growth

HOUSTON: Oil prices rose for a second week in a row and settled at their highest in nearly two months on Friday as...

Published 28 Jan, 2024 02:43am

Commodities

Malaysian palm oil futures down

SINGAPORE: Malaysian palm oil futures eased on Friday tracking losses in rival edible oils, although the contract ...

Published 28 Jan, 2024 02:43am

Commodities

Japan rubber futures lower

SINGAPORE: Japanese rubber futures retreated on Friday amid profit-taking, downbeat auto demand outlook and lower ...

Published 28 Jan, 2024 02:43am

Energy

US natural gas prices jump

NEW YORK: US natural gas futures jumped about 6% to a one-week high in volatile trade on Friday ahead of contract...

Published 28 Jan, 2024 02:43am

Commodities

Gold prices fall by inch, silver firm

KARACHI: Gold prices on Saturday saw a fall by an inch on the local market but silver was firm, traders said. Gold...

Published 28 Jan, 2024 02:43am

Welcome relief at Torkham

EDITORIAL: Ending the 10-day shutdown of the Torkham border will soothe the retail market and keep commodity prices...

Published 28 Jan, 2024 02:43am

Discos likely to seek further tariff hike

There is a disagreement between the Discos including LESCO and the FBR regarding the applicability and rate of minimum tax on the Discos

Updated 28 Jan, 2024 07:12pm

FO in touch with Iran

ISLAMABAD: Pakistan has asked to immediately investigate the incident of killings of nine Pakistanis and hold to...

Updated 28 Jan, 2024 04:48pm

Profits arising from CDC, CSC, THC connected to operations of ships in international traffic: SC

ISLAMABAD: The Supreme Court held that profits arising from container detention charges (CDC), container service...

Updated 28 Jan, 2024 05:59pm

Govt lacks space to pay pending ST refunds: FTO

ISLAMABAD: Federal Tax Ombudsman (FTO) has analysed that the government has no fiscal space for making pending sales...

Updated 28 Jan, 2024 04:51pm

‘Not in bitter mood today,’ says a beaming Nawaz as he unveils party’s manifesto

LAHORE: With focus on economic revival and changing lives by bringing ease in the lives of the people, Pakistan...

Updated 28 Jan, 2024 09:45am

Malicious campaign against judges: FIA summons 47 journalists, YouTubers

ISLAMABAD: Federal Investigation Agency (FIA) has summoned 47 journalists and YouTubers in the connection with...

Updated 28 Jan, 2024 09:52am

Weary of Bilawal’s accusations, Shehbaz hits back with aggressive stance

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif on Saturday reacted to PPP Chairman Bilawal...

Updated 28 Jan, 2024 09:51am

Feb 5 declared public holiday

ISLAMABAD: The Cabinet Division has declared 5 February a public holiday on account of the “Kashmir Solidarity...

Updated 28 Jan, 2024 09:51am

Letters

‘A question of national identity and pride’

Business Recorder op-ed writer Farhat Ali deserves a lot of praise for presenting a highly informed perspective...

Published 28 Jan, 2024 02:43am

Prices of kitchen items show mixed trend

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

Published 28 Jan, 2024 02:43am

Talk of two-state solution

EDITORIAL: The genocidal war unleashed by Israel against the besieged Gaza population, fully supported by the US and...

Published 28 Jan, 2024 02:43am

Job well done!

EDITORIAL: The Pakistani government deserves to be commended and congratulated for handling the crisis triggered by...

Published 28 Jan, 2024 02:43am

Industry

MCL activates e-construction portal system

LAHORE: For timely approval of building plans and bringing transparency in its process, the Metropolitan Corporation...

Published 28 Jan, 2024 02:43am

Industry

Three-day 9th Mega Leather Show to conclude today

LAHORE: The ongoing 9th Mega Leather Show 2024, hosted at the Expo Centre, Lahore, has emerged as a significant...

Published 28 Jan, 2024 02:43am

Industry

FBR urged to help curb smuggling, ease restrictions on Pak-Afghan trade

PESHAWAR: A delegation of businessmen during a consultation with Chairman Federal Board of Revenue (FBR), Malik ...

Published 28 Jan, 2024 02:43am

Industry

FIEDMC chairman visits China, signs MoU with IBI Group

FAISALABAD: Faisalabad Industrial Estate Development and Management Company (FIEDMC) Chairman Mian Muhammad Anas Jan...

Published 28 Jan, 2024 02:43am

Industry

KCCI demands release of pending incremental consumption package

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has urged that in ...

Published 28 Jan, 2024 02:43am

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 27	254.63
Diesel/Litre / Apr 27	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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