Energy IMF rejection of CD, tariff strategy: MoF’s ‘half-hearted’ support cited as the reason ISLAMABAD: The Finance Ministry’s half-hearted support may have been a reason behind the IMF rejection of the... Published 14 Feb, 2024 09:20am
South Asia India, UAE sign pact on trans-continental trade corridor DUBAI/NEW DELHI: India and the United Arab Emirates on Tuesday signed an agreement on a trade corridor that aims to... Published 14 Feb, 2024 02:34am
Indian magazine ordered to delete IIOJK army killings report NEW DELHI: An Indian news magazine said Tuesday that the government had ordered it to delete an online report that... Published 14 Feb, 2024 02:34am
Europe Global conflicts herald ‘dangerous decade’: military think-tank LONDON: The Israel-Hamas war, conflict in Ukraine and rising tensions in the Indo-Pacific and Africa herald “what... Published 14 Feb, 2024 02:34am
Cyberattack hits Iran parliament websites TEHRAN: The websites of Iran’s parliament and its affiliated news agency went down Tuesday after they were ... Published 14 Feb, 2024 02:34am
Fawad Chaudhry granted bail ISLAMABAD: A local court, on Tuesday, granted bail to former federal minister Fawad Chaudhry in a case regarding... Published 14 Feb, 2024 02:34am
PTI reacts to PPP’s support to PML-N’s candidate for premiership ISLAMABAD: Pakistan Tehreek-e-Insaaf (PTI) on Tuesday strongly reacted to Pakistan Peoples Party’s decision to ... Published 14 Feb, 2024 02:34am
SC rejects police report on Jaranwala incident ISLAMABAD: The Supreme Court rejected the police report on Jaranwala incident, saying no relevant information was... Published 14 Feb, 2024 02:34am
Missing Baloch students case: PM summoned by court ISLAMABAD: The Islamabad High Court (IHC), Tuesday, summoned Caretaker Prime Minister Anwaar-ul-Haq Kakar to appear... Published 14 Feb, 2024 02:34am
Wapda to divert River Swat at underconstruction Mohmand Dam in April LAHROE: The WAPDA is all set to divert River Swat at the under-construction Mohmand Dam in the month of April with... Published 14 Feb, 2024 02:34am
Medical colleges should focus on research: NUMSR VC FAISALABAD: Medical profession not only provides respectable livelihood to young medical graduates but also help ... Published 14 Feb, 2024 02:34am
Punjab cabinet decides to give away e-bikes to students LAHORE: The 40th session of the provincial cabinet, convened under the chair of Chief Minister Punjab Mohsin Naqvi... Published 14 Feb, 2024 02:34am
HBL-PSL-9 ‘The Orion Trophy’ unveiled LAHORE: The HBL-PSL-9 trophy was unveiled here at the Polo Ground of the Race Course Park in the presence of ... Published 14 Feb, 2024 02:34am
Expert explains how and when President can summon NA session ISLAMABAD: The President of Pakistan is constitutionally mandated to summon the national assembly on the advice of... Published 14 Feb, 2024 02:34am
IBA dean underscores need for improving quality of higher education KARACHI: The 11th Deans and Directors Conference 2024 on “Navigating Disruption and Innovation in Business... Published 14 Feb, 2024 02:34am
NHA briefs Senate body on Hyderabad-Sukkur Motorway project ISLAMABAD: The cost of the Hyderabad-Sukkur Motorway project – a crucial stretch for the completion of the... Published 14 Feb, 2024 02:34am
JI demands suspension of polls results KARACHI: Hafiz Naeemur Rehman, the Karachi Chief of Jamaat-e-Islami (JI) on Tuesday demanded Election Commission of... Published 14 Feb, 2024 02:34am
IHC issues notices to respondents in response to Bushra Bibi’s plea ISLAMABAD: The Islamabad High Court (IHC) issued notices to the respondents in Pakistan Tehreek-e-Insaf (PTI) ... Published 14 Feb, 2024 02:34am
Commodities PMEX daily trading report KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 19.065... Published 14 Feb, 2024 02:34am
Commodities Cocoa steadies near record peaks LONDON: Cocoa futures on the ICE exchange steadied on Tuesday after a blistering rally to successive record peaks... Published 14 Feb, 2024 02:34am
Commodities Copper pares gains as US inflation data boosts dollar LONDON: Copper prices pared early gains on Tuesday as the dollar strengthened after US inflation data reinforced ... Published 14 Feb, 2024 02:34am
DRAP orders confiscation of contaminated propylene glycol ISLAMABAD: The Drug Regulatory Authority of Pakistan (DRAP),Tuesday, directed the regulatory field force to... Published 14 Feb, 2024 02:34am
Iran fires first ship-based long-range ballistic missiles TEHRAN: Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Tuesday it has launched long-range ballistic... Published 14 Feb, 2024 02:34am
Europe Russia declares Estonian PM ‘wanted’ in war memorials spat MOSCOW: Russia declared Estonian leader Kaja Kallas and several other European officials as “wanted” on Tuesday... Published 14 Feb, 2024 02:34am
South Asia Indian police fire tear gas as protesting farmers march to capital NEW DELHI: Indian security forces fired tear gas on Tuesday to stop thousands of farmers demanding minimum crop... Published 14 Feb, 2024 02:34am
The Weather KARACHI: The weather report on Tuesday (February 13, 2024) and the forecast for Wednesday (February 14, 2024)... Published 14 Feb, 2024 02:34am
PPP says will support PML-N to form govt ISLAMABAD: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto-Zardari said the PPP would support Pakistan Muslim... Published 14 Feb, 2024 02:34am
PML-N challenges ‘independents’ to ‘show majority and form govt’ LAHORE: Announcing that the Pakistan Muslim League-Nawaz (PML-N) will happily accept the independents, either... Published 14 Feb, 2024 02:34am
JI loses three KP seats after vote recount BAJAUR: Following the Election Commission of Pakistan (ECP’s) decision to recount the votes, the three candidates of... Published 14 Feb, 2024 02:34am
Living Indus Initiative: UNEP, UN FAO to restore 25m acres of land by 2030 ISLAMABAD: The UN Environment Programme (UNEP) and the United Nations (UN) Food and Agriculture Organisation (FAO)... Published 14 Feb, 2024 02:34am
Sindh Ombudsman concerned about partial availability of text books KARACHI: Ajaz Ali Khan, Ombudsman Sindh held meeting with Secretary to Government of Sindh, School Education &... Published 14 Feb, 2024 02:34am
‘Pending comments’ PHC warns attaching salary of FBR chief ISLAMABAD: The Peshawar High Court (PHC) has warned the Federal Board of Revenue (FBR) chairman to submit comments ... Published 14 Feb, 2024 02:34am
PFA shuts four bakeries, imposes fines on two food operators LAHORE: The Punjab Food Authority's enforcement teams on Tuesday shut down four bakeries and levied fines of Rs... Published 14 Feb, 2024 02:34am
Next Sindh CM will be Jiyala: Mayor KARACHI: Karachi Mayor Barrister Murtaza Wahab has said that nothing is ultimate in politics; the next Chief ... Published 14 Feb, 2024 02:34am
Imran Riaz’s plea: LHC seeks replies from ministry by 15th LAHORE: The Lahore High Court on Tuesday sought replies from the interior ministry by February 15 on a petition by... Published 14 Feb, 2024 02:34am
LHC dismisses pleas against win of Nawaz, others LAHORE: The Lahore High Court (LHC) on Tuesday dismissed the petitions against the victory of former prime minister... Published 14 Feb, 2024 02:34am
IK warns against any ‘misadventure’ ISLAMABAD: The jailed former prime minister and founding chairman of Pakistan Tehreek-e-Insaf (PTI) on Tuesday ... Published 14 Feb, 2024 02:34am
CCPO reviews performance of Civil Lines, Cantt Divisions LAHORE: A meeting convened to assess the performance of Civil Lines and Cantt Divisions was chaired by Capital City... Published 14 Feb, 2024 02:34am
Chairing Cross tragedy: CCPO pays tributes to martyrs LAHORE: Capital City Police Officer Bilal Siddique Kamyana has said that the martyrs of the Chairing Cross tragedy... Published 14 Feb, 2024 02:34am
Alkhidmat Foundation, NDMA deliver 105 tons of relief goods for Gaza LAHORE: Alkhidmat Foundation, in collaboration with the National Disaster Management Authority (NDMA) and Pakistan... Published 14 Feb, 2024 02:34am
Future tech: promise against poverty Do you anticipate the technological landscape changing significantly, in ways that are currently unpredictable, by... Published 14 Feb, 2024 02:34am
Sharif family members notified as winners ISLAMABAD: Amidst serious allegations of rigging in the general polls, the electoral entity has notified the members... Published 14 Feb, 2024 02:34am
Letters It’s about time all parties buried the hatchet Following his meeting with the founder of Pakistan Tehreek-e-Insaf (PTI) Imran Khan yesterday, a beaming PTI ... Published 14 Feb, 2024 02:34am
PARTLY FACETIOUS: If wishes were horses… “Our very homegrown…” “If only we could grow an economic plan at home.” “If wishes were horses…”... Published 14 Feb, 2024 02:34am
Stocks UK stocks close down LONDON: The main UK stock indexes suffered sharp falls on Tuesday after hotter-than-expected US inflation numbers ... Published 14 Feb, 2024 02:34am
Stocks Wall St falls as inflation data dampens rate-cut hopes NEW YORK: Wall Street’s main indexes slid on Tuesday, hitting one-week lows, after a hotter-than-expected consumer... Published 14 Feb, 2024 02:34am
Stocks European shares drop 1pc after US inflation data PARIS: European shares fell on Tuesday after a hotter-than-expected U.S inflation reading led traders to trim bets ... Published 14 Feb, 2024 02:34am
Stocks Rebound in financials boosts Indian shares BENGALURU: Indian shares rose on Tuesday, led by a rebound in financials, while easing domestic inflation and hopes... Published 14 Feb, 2024 02:34am
Stocks Gulf markets gain ahead of US inflation report DUBAI: Most stock markets in the Gulf ended higher on Tuesday, as investors waited for a US inflation report to ... Published 14 Feb, 2024 02:34am
Stocks Tokyo’s Nikkei index closes nearly 3pc higher TOKYO: Tokyo stocks surged Tuesday following another record high for the Dow on Wall Street, with exporters boosted... Published 14 Feb, 2024 02:34am
IK nominates Gandapur for KP CM’s slot RAWALPINDI: Pakistan Tehreek-e-Insaf (PTI) founder and former prime minister said that Ali Amin Gandapur has been... Updated 14 Feb, 2024 08:59am
PTI says will form govts at Centre, in KP, Punjab ISLAMABAD: As per the instructions of jailed PTI founding chairman Imran Khan, Pakistan Tehreek-e-Insaf (PTI) on... Updated 14 Feb, 2024 08:59am
PDM 2.0 coalition govt in the offing? ISLAMABAD: Former allies including Pakistan Muslim League-Nawaz (PML-N), Pakistan Peoples Party (PPP), Muttahida... Updated 14 Feb, 2024 10:21am
Rates Stocks snap losing streak KARACHI: Pakistan Stock Exchange on Tuesday opened under severe pressure and nosedived, however witnessed healthy... Published 14 Feb, 2024 02:34am
Senate panel to consider Deposit Protection Corp bill today ISLAMABAD: A meeting of the Senate Standing Committee on Finance has been convened today (Wednesday) to consider and... Updated 14 Feb, 2024 05:37pm
Diesel price likely to soar, petrol may stay unchanged ISLAMABAD: The interim government may raise the price of high-speed diesel (HSD) by Rs8 per litre; however, keep the... Updated 14 Feb, 2024 09:54am
Stocks NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL) KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on... Published 14 Feb, 2024 02:34am
Commodities Gold, silver prices remain stable KARACHI: Traders on Tuesday said that the local market remained stable with both gold and silver prices holding... Published 14 Feb, 2024 02:34am
Commodities Japanese rubber futures advance SINGAPORE: Japanese rubber futures rose to a one-week high on Tuesday, lifted by a strong Nikkei performance and a... Published 14 Feb, 2024 02:34am
Commodities Gold ekes out gains with focus on US inflation data BENGALURU: Gold prices edged higher on Tuesday as caution set in ahead of a US inflation report that could offer ... Published 14 Feb, 2024 02:34am
Energy Oil prices rise on ME tensions HOUSTON: Oil prices rose on Tuesday as tensions in the Middle East stoked future supply concerns, but gains were... Published 14 Feb, 2024 02:34am
Rates Activities of Karachi Port and Port Qasim KARACHI: The Karachi Port Trust handled 111,118 tonnes of cargo comprising 62,740 tonnes of import cargo and 48,378... Published 14 Feb, 2024 02:34am
Energy US natural gas prices decline NEW YORK: US natural gas futures fell about 5% on Tuesday to a fresh 3-1/2-year low on near-record output, ample... Published 14 Feb, 2024 02:34am
Cotton & Textile Cotton spot rates KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (February 13, 2024)... Published 14 Feb, 2024 02:34am
Cotton & Textile Cotton spot rate gains Rs500 per maund LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Tuesday increased the spot rate by Rs ... Published 14 Feb, 2024 02:34am
Commodities Chicago soybeans, corn futures slip CANBERRA: Chicago soybean and corn futures fell on Tuesday and were near three-year lows, as forecast of rainfall in... Published 14 Feb, 2024 02:34am
Commodities France cuts winter grain area PARIS: France’s farm ministry on Tuesday reduced its estimates of winter grain sowing, with the soft wheat area... Published 14 Feb, 2024 02:34am
Cotton & Textile Faisalabad Yarn and Fiber Prices FAISALABAD: Yarn Market Rates on Tuesday (February 13, 2024) =========================== 6/S-7/S (COTTON)... Published 14 Feb, 2024 02:34am
Rates LME official prices LONDON: The following were Monday official prices. ========================================= ALUMINIUM... Published 14 Feb, 2024 02:34am
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 14 Feb, 2024 02:34am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on... Published 14 Feb, 2024 02:34am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Tuesday (February 13, 2024). ======================== Open Bid... Published 14 Feb, 2024 02:34am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (February 13, 2024).... Published 14 Feb, 2024 02:34am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 13, 2024).... Published 14 Feb, 2024 02:34am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (February 13, 2024)... Published 14 Feb, 2024 02:34am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Tuesday (February 13, 2024). ======================================= Offset... Published 14 Feb, 2024 02:34am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (February 13, 2024). ==================================== BR... Published 14 Feb, 2024 02:34am
PIA, Discos’ sell-off plans: Fawad may be requested to continue as minister ISLAMABAD: Minister for Privatisation, Fawad Hasan Fawad may be requested to continue as privatization minister to... Updated 14 Feb, 2024 09:34am
ECC may approve increase in gas prices today ISLAMABAD: The Economic Coordination Committee (ECC) is likely to approve increase in natural gas prices on... Updated 14 Feb, 2024 08:57am
Establishment of EPZ on PSM land by federal govt: Sindh govt concurs with SIFC Ministry of Industries and Production to start work on establishment of EPZ at the allocated land Updated 14 Feb, 2024 10:08am
MSCI Main Frontier Market Index: Three additions notified for Pakistan KARACHI: The MSCI has released an update on its Quarterly Index Review, notifying three additions for Pakistan in... Updated 14 Feb, 2024 09:37am
Cat-III projects: PPIB asks KE to submit investment plan for Nepra’s nod ISLAMABAD: Private Power and Infrastructure Board (PPIB) has asked K-Electric to submit an interim investment plan... Updated 14 Feb, 2024 08:58am
ECC approves Rs7.492bn Ramazan package ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs7.492 billion Ramazan package to... Updated 14 Feb, 2024 09:35am
Taxes Scooties for kids: 20pc customs duty imposed ISLAMABAD: The customs classification committee of the Federal Board of Revenue (FBR) has imposed 20 percent customs... Updated 14 Feb, 2024 09:50am
Industry SECP prescribes fit-and-proper criteria for key executives ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), to strengthen the risk mitigation framework ... Published 14 Feb, 2024 02:34am
Taxes LCCI partners with ACCA Pakistan to establish dedicated tax clinic LAHORE: In a significant development aimed at enhancing tax awareness among the business community, the Lahore... Published 14 Feb, 2024 02:34am
Money & Banking Authorisation of 3 exchange firms suspended KARACHI: The State Bank of Pakistan (SBP) has suspends the authorisation of three Exchange Companies on Tuesday.... Published 14 Feb, 2024 02:34am
Industry Ahmad Jawad made Chairman FPCCI body KARACHI: President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Atif Ikram Shiekh has... Published 14 Feb, 2024 02:34am
A controversial exercise EDITORIAL: The inadequacies of our perennially under fire electoral system have once again become a topic of much... Published 14 Feb, 2024 02:34am
SIFC can manage it all EDITORIAL: Renowned economist, Dr Hafeez A Pasha, has told Business Recorder that the Special Investment ... Published 14 Feb, 2024 02:34am
‘IT exports rise 32pc in 60 days’ due to SIFC’s decisions: minister LAHORE: Caretaker Federal Information Technology and Telecommunications (MoITT) Minister Dr Umar Saif said due to... Published 14 Feb, 2024 02:34am
Industry SECP to launch new online portal tomorrow: Corporate sector directed to ensure smooth transition to new system ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed the corporate sector to ensure a... Published 14 Feb, 2024 02:34am
Money & Banking CY2023: MCB Islamic Bank posts pre-tax profit of Rs10.6bn KARACHI: The Board of Directors of MCB Islamic Bank Ltd. in its meeting under the Chairmanship of Raza Mansha,... Published 14 Feb, 2024 02:34am
Money & Banking NZ dollar slips SYDNEY: The New Zealand dollar slipped on Tuesday after an easing in inflation expectations trimmed some of the bets... Published 14 Feb, 2024 02:34am
Money & Banking US dollar hits three-month peak NEW YORK: The dollar rose to three month peaks on Tuesday, after data showed US inflation rose more than expected in... Published 14 Feb, 2024 02:34am
Money & Banking Indian rupee ends flat tracking subdued Asian peers MUMBAI: The Indian rupee closed unchanged on Tuesday after hovering in a narrow range through the day’s session as... Published 14 Feb, 2024 02:34am
Companies PTCL Group posts highest-ever revenue growth in FY23 KARACHI: PTCL Group, Pakistan’s leading telecom and ICT services provider has achieved a double-digit revenue... Published 14 Feb, 2024 02:34am