News Archives for Print - 2024-02-10

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Print - 2024-02-10

Rates

Stocks close deep in the red

KARACHI: Pakistan Stock Exchange on Friday remained under severe pressure and closed in deep red due to investor...

Published 10 Feb, 2024 05:48am

ECC approves 3-month basic pay to PMO’s staff

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved three months’ basic salary to the...

Updated 10 Feb, 2024 09:32am

New govt will have to introduce long-term financing plan: Moody’s

ISLAMABAD: The newly-elected government will have to put in place a long-term financing plan to meet its very large...

Published 10 Feb, 2024 05:48am

300MW category–III wind project: SIFC EC directs PPIB to conduct bidding process

ISLAMABAD: The Executive Committee of the Special Investment Facilitation Council (SIFC) has directed the Private...

Updated 10 Feb, 2024 04:23pm

Hostage situation on Swiss train ends with suspect killed

YVERDON-LES-BAINS, (Switzerland): A hostage situation on a train in the west of Switzerland on Thursday night ended...

Published 10 Feb, 2024 05:48am

Russia won’t invade Poland? ‘Zero credibility’: Warsaw

WARSAW: Poland’s defence minister said Friday that Russian leader Vladimir Putin had “zero credibility” ...

Published 10 Feb, 2024 05:48am

Meta removes Instagram, Facebook accounts of Khamenei

SAN FRANCISCO: Meta on Thursday said it had removed the Facebook and Instagram accounts of Iran’s supreme leader...

Published 10 Feb, 2024 05:48am

South Asia

Three dead after India madrassa demolition sparks religious clashes

DEHRADUN, (India): Three people were killed in India and dozens more injured after religious clashes sparked by the...

Published 10 Feb, 2024 05:48am

ECP restrained from notifying NA-128 result

LAHORE: The Lahore High Court (LHC) on Friday restrained the returning officer (RO) of NA-128 from notifying the...

Published 10 Feb, 2024 05:48am

Fractious poll fertile ground for disinformation?

ISLAMABAD: Fake boycotts, fictional ballots and blasphemy smears: a deluge of disinformation accompanied country’s...

Published 10 Feb, 2024 05:48am

MWM enters mainstream politics with a crucial win from Kurram

ISLAMABAD: In a commendable move, the people from sectarian-volatile Kurram district voted for a Majlis...

Published 10 Feb, 2024 05:48am

Two suspected Daesh terrorists killed

ISLAMABAD: Security forces conducted an intelligence-based operation in Qilla Saifullah District of Balochistan on...

Published 10 Feb, 2024 05:48am

The Weather

KARACHI: The weather report on Friday (February 09, 2024) and the forecast for Saturday (February 10, 2024)...

Published 10 Feb, 2024 05:48am

PTI claims 4 workers killed in police firing

SWAT: Four activists of Pakistan Tehreek-e-Insaf (PTI) were killed and dozens others injured in firing of police on...

Published 10 Feb, 2024 05:48am

IK claims election victory

ISLAMABAD: Jailed former Prime Minister Imran Khan on Friday claimed victory in the country’s general election in...

Published 10 Feb, 2024 05:48am

‘Independents’ trounce many ‘heavyweights’ in KP

PESHAWAR: In dependent candidates in general election 2024 outclassed the heavyweights of political parties ...

Published 10 Feb, 2024 05:48am

PTI-backed candidates secure 3 NA seats in Lahore

LAHORE: The Tehreek-e-Insaf (PTI)-backed independent candidates secured three National Assembly seats out of the...

Published 10 Feb, 2024 05:48am

NA, Punjab PA seats: Maryam says PML-N doing well

LAHORE: The Pakistan Muslim League (PML-N) has emerged as the single largest party in the centre as well as Punjab,...

Published 10 Feb, 2024 05:48am

President tweets on ‘wisdom’

ISLAMABAD: President of Pakistan Arif Alvi stated that “if we find ourselves in a hole then wisdom dictates that ...

Published 10 Feb, 2024 05:48am

JI Karachi sees ‘historic rigging’

KARACHI: Jamaat-e-Islami (JI) on Friday criticised the Election Commission of Pakistan (ECP) for its alleged failure...

Published 10 Feb, 2024 05:48am

All members of Sharif family win NA seats comfortably

LAHORE: All members of the Sharif family won National Assembly seats from Lahore defeating their opponents with a...

Published 10 Feb, 2024 05:48am

May 9 riots: ATCs extend IK’s bails

LAHORE: Anti-terrorism courts on Friday extended the pre-arrest bails of former chairman PTI Imran Khan in seven...

Published 10 Feb, 2024 05:48am

PTI-backed independent candidate says will move the court against results

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI)-backed independent candidate Shoaib Shaheen on Friday said that he would...

Published 10 Feb, 2024 05:48am

Loyalists of IK take half-way lead in vote count

ISLAMABAD: Candidates loyal to jailed former prime minister Imran Khan edged ahead in Pakistan’s election Friday,...

Published 10 Feb, 2024 05:48am

Rainy spell may subside fog conditions

KARACHI: The country is likely to receive a near normal rainfall for its most parts in February 2024 that will...

Published 10 Feb, 2024 05:48am

JKLF urges India to hand over mortal remains of Shaheed Maqbool Butt for burial

MIRPUR: The United States-based acting Chairman of Jammu Kashmir Liberation Front (JKLF Yaseen Malik Group), Raja...

Published 10 Feb, 2024 05:48am

Ministry seeks global support to successfully eradicate poliovirus

ISLAMABAD: The Ministry of National Health Services and Regulations, Friday, while reaffirming Pakistan’s resolve...

Published 10 Feb, 2024 05:48am

SC explains its approach to contempt cases

ISLAMABAD: The Supreme Court held that the Court (SC or HC) has to assess the contempt and its gravity and may also...

Published 10 Feb, 2024 05:48am

NA-127 results: Sherry for scrutiny, transparency in electoral process

LAHORE: Pakistan People’s Party (PPP) Vice-President Senator Sherry Rehman emphasised the party’s commitment to...

Published 10 Feb, 2024 05:48am

PARTLY FACETIOUS: Maryam won but didn’t win big

“Don’t look so smug, the battle royale has not yet been engaged.” “I am just smiling because this is the...

Published 10 Feb, 2024 05:48am

Gilani for greater unity to steer country out of crises

MULTAN: Acknowle dging the split mandate, MNA-elect Syed Yousaf Raza Gilani urged all stakeholders to come forward...

Published 10 Feb, 2024 05:48am

Recognition of Afghan govt needed regional consensus: PM

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar om Friday said that all countries of the region, including...

Published 10 Feb, 2024 05:48am

Elections 2024

It is election time in the Islamic Republic of Pakistan. Consider the inflationary trends in the country as,...

Published 10 Feb, 2024 05:48am

Circular debt once again in focus

Circular debt in the energy sector is a mystery which no government could so far unfold. Over the last two decades ...

Published 10 Feb, 2024 05:48am

Letters

The independent phenomenon

This is apropos a Business Recorder front page news item titled “‘Independent’ candidates steal the election...

Published 10 Feb, 2024 05:48am

Stocks

Megacap rally pushes S&P 500 further above 5,000 mark

NEW YORK: Big gains in megacap stocks such as Nvidia pushed the benchmark S&P 500 above the 5,000 mark for a...

Published 10 Feb, 2024 05:48am

Stocks

European shares see off week lower as rising yields

PARIS: European shares ended slightly lower on Friday as advances in Ubisoft and Hermes were undercut by sliding...

Published 10 Feb, 2024 05:48am

Stocks

HK stocks mark weak end to year of the rabbit

SINGAPORE: Hong Kong shares made a weak finish to the zodiac year in a session shortened by the festive break, with...

Published 10 Feb, 2024 05:48am

Stocks

Indian shares sink to weekly losses

BENGALURU: Indian shares were muted on Friday and logged weekly losses, weighed down by financials and consumer...

Published 10 Feb, 2024 05:48am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (February 09, 2024). ========================== KIBOR...

Published 10 Feb, 2024 05:48am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on ...

Published 10 Feb, 2024 05:48am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (February 09, 2024). ======================== Open Bid...

Published 10 Feb, 2024 05:48am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (February 09, 2024)....

Published 10 Feb, 2024 05:48am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (February 09, 2024). ==================================== BR...

Published 10 Feb, 2024 05:48am

A frustrated electorate throws up a deeply polarized mandate

ECP fails to complete the issuance of unofficial poll results of several constituencies

Updated 10 Feb, 2024 10:24pm

Viable projects for international investment: PM seeks ‘plan of action’ within five days

ISLAMABAD: Caretaker Prime Minister, Anwaar-ul-Haq Kakar, on Friday, directed all the ministries to prepare a plan...

Updated 10 Feb, 2024 04:23pm

Independent winners can join any party within three days

ISLAMABAD: Independent candidates under the Constitution may join any political parliamentary party within three...

Updated 10 Feb, 2024 04:23pm

Imran would never strike deal with ‘powers that be’: PTI

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday said party’s founding chairman Imran Khan would never strike a...

Updated 10 Feb, 2024 04:23pm

Nawaz hints at forming PML(N)-led coalition govt

LAHORE: Announcing that the Pakistan Muslim League-Nawaz (PML-N) has emerged as the single largest party in the...

Updated 10 Feb, 2024 04:17pm

Oil heads for weekly gain

NEW YORK: Oil prices were on track for gains of 6% on a week-on-week basis amid persistent tensions in the Middle...

Published 10 Feb, 2024 05:48am

Govt may face more economic misery if election result unclear

LONDON/ISLAMABAD: The possibility of a political stalemate in Pakistan leading to delays in both reforms and crucial...

Updated 10 Feb, 2024 04:25pm

Violations of relevant laws: SECP slaps Rs13m fine on digital lending firms

ISLAMABAD: The adjudication division of the Securities and Exchange Commission of Pakistan (SECP) has passed 7...

Updated 10 Feb, 2024 09:52am

Cabinet to approve open bidding: Cat-A firm to be hired for NADRA audit

ISLAMABAD: The caretaker federal cabinet has decided to approve open bidding for hiring of the services of a...

Updated 10 Feb, 2024 09:51am

Caretaker govt defends internet shutdown

ISLAMABAD: The government suspended mobile service on Election Day in view of the intelligence reports regarding...

Updated 10 Feb, 2024 09:32am

Forex reserves fall by $165m

KARACHI: The country’s total liquid foreign reserves fell by $ 165 million during the last week due to external...

Published 10 Feb, 2024 05:48am

BJP’s war on Muslim culture

EDITORIAL: As India gears up for April-May general elections Prime Minister Narendra Modi’s hard Hindutva pitch is...

Published 10 Feb, 2024 05:48am

Hollow manifestoes

EDITORIAL: In an environment where the general election is being presented as the cure to the country’s many...

Published 10 Feb, 2024 05:48am

19 companies participated in ‘Texworld, Apparel Sourcing Paris’

KARACHI: Some 19 exhibitors from Pakistan’s fashion and apparel sourcing sectors showcased their products at...

Published 10 Feb, 2024 05:48am

Commodities

Gold, silver prices remain unchanged

KARACHI: Gold and silver prices on Friday remained unchanged on the local market, traders said. Gold was traded for...

Published 10 Feb, 2024 05:48am

Cotton & Textile

Spot rate for cotton remains stable

LAHORE: The local cotton market displayed resilience on Friday despite experiencing low trading activity. Cotton...

Published 10 Feb, 2024 05:48am

Taxes

IRIS portal: PTBA for introducing online jurisdiction transfer system

KARACHI: The Pakistan Tax Bar Association (PTBA) has recommended introducing an online jurisdiction transfer system...

Published 10 Feb, 2024 05:48am

Industry

Customs confiscates foreign-origin clothing clubbed as local goods

LAHORE: The customs department reportedly confiscated locally manufactured cloth on the pretext of non-duty paid...

Published 10 Feb, 2024 05:48am

Money & Banking

Dollar eases in narrow trade

NEW YORK: The dollar eased to trade in a narrow band on Friday as it headed for a fourth week of gains and traders...

Published 10 Feb, 2024 05:48am

Money & Banking

Most Asian FX post weekly losses

BENGALURU: Most Asian currencies declined for the week as concerns over China’s shaky economic recovery and a...

Published 10 Feb, 2024 05:48am

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 10 Feb, 2024 05:48am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.87 ▲ 0.76 (10.69%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)
Leather Up Ltd. / Dec 18 Leather Up Limited(LEUL)	26.74 ▲ 2.43 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.20 ▼ -2.20 (-9.82%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.11
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.01
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.49
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▼ -0.01
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.43
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.47
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.05
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -3.34
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.17

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