News Archives for Print - 2024-02-20

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Print - 2024-02-20

Jul-Jan FDI inflow down 21pc to $689.5m YoY

KARACHI: Pakistan witnessed net FDI outflow of $173 million during January 2024 as compared to net inflow of $236.7...

Published 20 Feb, 2024 09:34am

Houthis say ‘two American ships’ targeted

SANAA: Yemen’s Iran-backed Houthi rebels on Monday said they targeted two American ships in the Gulf of Aden, ...

Published 20 Feb, 2024 03:09am

Europe

Cameron in Falklands for first UK FM visit in 30 years

LONDON: Foreign Secretary David Cameron visited the Falkland Islands on Monday, the first visit in three decades by...

Published 20 Feb, 2024 03:09am

Palestinians accuse Israel of apartheid at UN top court

THE HAGUE: Palestinians are suffering “colonialism and apartheid” under the Israelis, foreign minister Riyad...

Published 20 Feb, 2024 03:09am

Afghanistan envoys aim for future meetings with Taliban: UN

DOHA: United Nations Secretary-General Antonio Guterres on Monday said international envoys to Afghanistan hope for...

Published 20 Feb, 2024 03:09am

Quetta Gladiators register another victory in HBL-PSL-9

LAHORE: Quetta Gladiators registered their second win of HBL PSL 9 as they sealed the game against home team, Lahore...

Published 20 Feb, 2024 03:09am

Australian HC watches PSL match in Lahore

LAHORE: Australian High Commissioner Neil Hawkins, upon the invitation of Punjab Chief Minister Mohsin Naqvi, ...

Published 20 Feb, 2024 03:09am

Gaza war hits Israeli economy with 19.4pc Q4 drop

TEL AVIV: Israelis sharply curtailed spending, travelling and investing at the end of 2023 as Israel’s all-out war...

Published 20 Feb, 2024 03:09am

US proposes UN resolution supporting temporary ceasefire in Gaza

UNITED NATIONS: The United States has proposed a rival draft United Nations Security Council resolution that would...

Published 20 Feb, 2024 03:09am

Israel to set security limits on Ramazan prayers at Al Aqsa

JERUSALEM: Israel will allow Ramazan prayers at Jerusalem’s Al Aqsa Mosque during the upcoming holy month but...

Published 20 Feb, 2024 03:09am

Europe

Germany likely to fall into recession: central bank

FRANKFURT: German output is likely to shrink slightly in the first quarter, sending Europe’s top economy into...

Published 20 Feb, 2024 03:09am

At least 10 killed in Libya attack, UN demands investigation

TRIPOLI: At least 10 people were shot dead in Libya’s capital, reports said as the UN mission in the war-scarred...

Published 20 Feb, 2024 03:09am

Europe

EU vows to hold Putin accountable at Navalny widow meeting

BRUSSELS: EU foreign policy chief Josep Borrell Monday pledged that Russian President Vladimir Putin would be held ...

Published 20 Feb, 2024 03:09am

3 Myanmar brigadier generals sentenced to death for surrendering town

YANGON: Myanmar’s junta has sentenced to death three brigadier generals who surrendered with hundreds of troops ...

Published 20 Feb, 2024 03:09am

South Asia

Japan and Ukraine start talks on investment treaty, PM says

TOKYO: Japan said on Monday it had started negotiating an investment treaty with Ukraine and vowed to keep up ...

Published 20 Feb, 2024 03:09am

EU launches Red Sea mission as US ship attacked twice

DUBAI: The European Union launched a naval mission on Monday to protect Red Sea shipping from Yemen’s Huthi rebels...

Published 20 Feb, 2024 03:09am

HBL-PSL-9: Karachi Kings optimistic about performance

LAHORE: Despite facing 55 runs defeat against Multan Sultans in their opening match on Sunday, Karachi Kings is...

Published 20 Feb, 2024 03:09am

The Weather

KARACHI: The weather report on Monday (February 19, 2024) and the forecast for Tuesday (February 20, 2024)...

Published 20 Feb, 2024 03:09am

Rates

LME official prices

LONDON: The following were Friday official prices. ========================================= ALUMINIUM...

Published 20 Feb, 2024 03:09am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (February 19, 2024). ========================== KIBOR...

Published 20 Feb, 2024 03:09am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 19, 2024)....

Published 20 Feb, 2024 03:09am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (February 19, 2024). ==================================== BR...

Published 20 Feb, 2024 03:09am

Intelligence Bureau gets status of ‘division’

ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar has constituted a new Division, namely, Intelligence Bureau...

Published 20 Feb, 2024 03:09am

OGDCL announces gas condensate discovery in Sindh

KARACHI: The Oil and Gas Development Company Limited (OGDCL) has announced a significant gas condensate discovery...

Published 20 Feb, 2024 03:09am

All parties should join hands to revive economy: Mian Zahid

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 20 Feb, 2024 03:09am

At least four killed in rain-related incidents in KP

PESHAWAR: At least four people were killed and nine others were injured in rain-related incidents in Khyber...

Published 20 Feb, 2024 03:09am

Auction of commercial plots, fuel station: DG FGEHA briefs panel about reasons for postponement

ISLAMABAD: A parliamentary panel on Monday was given a comprehensive briefing by the Director General (DG) Federal...

Published 20 Feb, 2024 03:09am

Documentary on gift of knowledge in Muslim heritage premiered

KARACHI: Habib University has premiered a thought-provoking documentary on the gift of knowledge in Muslim heritage,...

Published 20 Feb, 2024 03:09am

PHC approves transit bail of Ali Amin Gandapur

PESHAWAR: The Peshawar High Court (PHC) on Monday approved the transit bail of PTI nominee for Khyber Pakhtunkhwa...

Published 20 Feb, 2024 03:09am

PTI-backed independent candidates: PTI body condemns ‘enforced disappearance’

ISLAMABAD: The core committee of Pakistan on Monday strongly condemned the “enforced disappearance” of Pakistan...

Published 20 Feb, 2024 03:09am

Burglary incident: Tribal Textile Mills’ management pleas to register FIR

PESHAWAR: The management of Tribal Textile Mills, D I Khan has requested the Inspector General of Police (IGP) ...

Published 20 Feb, 2024 03:09am

Attique Riaz granted bail by ATC

LAHORE: The Lahore High Court on Monday granted bail to Attique Riaz, husband of PTI activist Sanam Javed, in the...

Published 20 Feb, 2024 03:09am

Industry

Polyester importer fails to substantiate transactional value

LAHORE: An importer of polyester polar fleece fabrics has failed to substantiate transactional value on imported...

Published 20 Feb, 2024 03:09am

Hike in fertilizer prices disastrous for farmers, food security: PKI

LAHORE: Expressing concern over reports of hikes in Urea prices after the recent government decision to revise gas...

Published 20 Feb, 2024 03:09am

CM inaugurates newly-constructed Services Surgical Block

LAHORE: The caretaker Punjab Chief Minister Syed Mohsin Naqvi, while inaugurating the newly constructed surgical...

Published 20 Feb, 2024 03:09am

PFA imposes over Rs0.4m fine on 13 eateries

LAHORE: The food safety teams of the Punjab Food Authority (PFA) on Monday imposed a cumulative fine of Rs 0.4...

Published 20 Feb, 2024 03:09am

Land worth Rs565m retrieved on orders of Ombudsman Punjab

LAHORE: Total of 86 acres of government land worth Rs565m was handed over on the orders of the Ombudsman Punjab ...

Published 20 Feb, 2024 03:09am

Nawaz declared successful against Yasmin after final results manipulated, claims PTI leader

LAHORE: Former advocate general Punjab and the Pakistan Tehreek-e-Insaf (PTI) leader Ahmed Awais, has claimed that...

Published 20 Feb, 2024 03:09am

Terrorist killed as attempt to sabotage NA-43 Tank re-poll foiled

PESHAWAR: Police have claimed to foil an attempt to sabotage re-polling in National Assembly constituency of NA-43 ...

Published 20 Feb, 2024 03:09am

Senate body passes three bills

ISLAMABAD: The Senate Standing Committee on National Health Services and Regulations, Monday, unanimously, passed...

Published 20 Feb, 2024 03:09am

Senate to thoroughly discuss allegations of ‘unprecedented’ vote rigging today

ISLAMABAD: The allegations of “unprecedented” rigging in the recent general elections echoed in the upper house...

Published 20 Feb, 2024 03:09am

Govt formation in centre: MQM-P reaffirms support to PML-N, PPP

ISLAMABAD: Muttahida Quami Movement-Pakistan (MQM-P) on Monday assured it support to Pakistan Muslim League-Nawaz...

Published 20 Feb, 2024 03:09am

Kaspersky on Pakistan landscape: Number of cyber threats rose by 17pc in 2023

ISLAMABAD: The number of overall cyber threats in Pakistan increased by 17 percent in 2023 as compared to 2022. The...

Published 20 Feb, 2024 03:09am

Cabinet orders feasibility study: CDA staff to get apartments instead of plots

ISLAMABAD: The caretaker federal cabinet has directed the Capital Development Authority (CDA) to conduct feasibility...

Published 20 Feb, 2024 03:09am

CCPO for action against online betting

LAHORE: Capital City Police Officer Lahore Bilal Siddique Kamyana has directed to expedite action against online...

Published 20 Feb, 2024 03:09am

Tipu’s murder: FIR registered against accused

LAHORE: Chohang police on Monday registered an FIR of murder of Ameer Balaj Tipu on the complaint of his brother ...

Published 20 Feb, 2024 03:09am

May 9 violence cases: ATC extends pre-arrest bail of IK till 24th

LAHORE: An Anti Terrorism Court (ATC) on Monday extended the pre-arrest bail of former PTI chairman Imran Khan in...

Published 20 Feb, 2024 03:09am

Two more ‘Independents’ join PML-N

LAHORE: Emphasising the need for waging collective efforts, Pakistan Muslim League-Nawaz (PML-N) President Shehbaz...

Published 20 Feb, 2024 03:09am

Missing Baloch students’ case: IHC again summons PM on 28th

ISLAMABAD: As caretaker Prime Minister Anwaar ul Haq Kakar failed to appear before the court, the Islamabad High...

Published 20 Feb, 2024 03:09am

‘Political inclusion’ imperative for ‘financial inclusion’: President

ISLAMABAD: President Dr Arif Alvi has said that political inclusion is imperative for financial inclusion to put the...

Published 20 Feb, 2024 03:09am

Nasir Javed Rana appointed AC Judge

ISLAMABAD: A District and Sessions Judge Nasir Javed Rana was appointed as Judge of the Accountability Court...

Published 20 Feb, 2024 03:09am

ATC grants bail to 19 PTI activists

LAHORE: An Anti-Terrorism Court (ATC) on Monday granted bail to 19 PTI activists accused in Corps Commander House...

Published 20 Feb, 2024 03:09am

NA constituencies in capital: Notifications of three ‘successful’ PML-N candidates suspended

ISLAMABAD: The Islamabad High Court (IHC), Monday, suspended the victory notifications of three Pakistan Muslim...

Published 20 Feb, 2024 03:09am

Rates

Stock market roars back

KARACHI: Despite negative opening, fresh buying at attractive, low levels supported the Pakistan Stock Exchange on...

Published 20 Feb, 2024 03:09am

Vote rigging allegations: ECP body records statements of DROs

ISLAMABAD: The inquiry committee set up by the Election Commission of Pakistan to investigate the rigging ...

Published 20 Feb, 2024 03:09am

PTI-backed candidates to join Sunni Ittehad Council

ISLAMABAD: In a bid to grab the seats reserved for women and minorities, Pakistan Tehreek-e-Insaf (PTI) on Monday...

Published 20 Feb, 2024 03:09am

Civil servants: State to act against ‘violent trolls’: PM

ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar said on Monday that the people of Pakistan have spoken with a...

Published 20 Feb, 2024 03:09am

Five-member Supreme Court bench told: Judges are immune from proceedings against them under normal laws

ISLAMABAD: The Supreme Court was told that the judges are immune from proceedings against them under normal laws as...

Published 20 Feb, 2024 03:09am

8th Feb elections: SC irked by absence of complainant

ISLAMABAD: The Supreme Court expressed annoyance as Brig Ali Khan (retired) failure to appear for the hearing after...

Published 20 Feb, 2024 03:09am

An (in)credible election!

The 2024 elections have aroused a perfect storm of allegations of gerrymandering, rigging and manipulation of...

Published 20 Feb, 2024 03:09am

Targets in the PML-N manifesto

The manifesto of the Pakistan Muslim League-Nawaz (PML-N) contains a set of key macroeconomic targets from 2023-24 ...

Published 20 Feb, 2024 03:09am

Stocks

Asian FX steady

BENGALURU: China stocks rose on Monday on the back of Lunar New Year travel spending data as trade resumed after the...

Published 20 Feb, 2024 03:09am

Stocks

London stocks rise as AstraZeneca drug gets FDA nod

LONDON: British equities kicked off the week on an upbeat note, boosted by gains in pharma and biotech shares...

Published 20 Feb, 2024 03:09am

Stocks

Europe’s STOXX 600 hits two-year high

PARIS: Europe’s benchmark stock index hit its highest in over two years on Monday on strength in healthcare ...

Published 20 Feb, 2024 03:09am

Stocks

China stocks rise after Lunar New Year break

SHANGHAI: China shares began the year of the Dragon in an upbeat mood on Monday as investors returning from the...

Published 20 Feb, 2024 03:09am

Stocks

Saudi index at 18-month high leads Gulf market gains

DUBAI: Most stock markets in the Gulf rose on Monday, led by the Saudi index closing at its highest since August...

Published 20 Feb, 2024 03:09am

Stocks

Tokyo’s Nikkei index closes flat as Nintendo falls

TOKYO: Tokyo’s benchmark Nikkei index closed flat on Monday, as Nintendo shares tumbled after reports said its ...

Published 20 Feb, 2024 03:09am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 262,526 tonnes of cargo comprising 174,043 tonnes of import cargo and 88,483...

Published 20 Feb, 2024 03:09am

Letters

If the political news is grim, the economic news is often worse

It is now increasingly clear that threats to the prospects of next International Monetary Fund (IMF) programme have...

Published 20 Feb, 2024 03:09am

Pakistan’s economy – way forward for 2024-25

Further to my article in Business Recorder in February 2023 titled “Redefining Pakistan’s Economy” that entailed a...

Published 20 Feb, 2024 03:09am

PARTLY FACETIOUS: Shehbaz eager to become PM again: not a good move

“The Man Without a Portfolio hath spoken again.” “Don’t step on the tail of a snake.” “He is no krait...

Published 20 Feb, 2024 03:09am

Forex

Open market rates of foreign currencies

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

Published 20 Feb, 2024 03:09am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (February 19, 2024). ======================== Open Bid...

Published 20 Feb, 2024 03:09am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (February 19, 2024)....

Published 20 Feb, 2024 03:09am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (February 19, 2024)...

Published 20 Feb, 2024 03:09am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (February 19, 2024). ======================================= Offset...

Published 20 Feb, 2024 03:09am

ADB initiates country portfolio review

ISLAMABAD: The Asian Development Bank (ADB) has initiated country portfolio review 2024 and is to begin preliminary...

Updated 20 Feb, 2024 09:57am

Next IMF programme: Fitch says political uncertainty may complicate efforts

ISLAMABAD: The close outcome of Pakistan’s elections and resulting near-term political uncertainty may complicate...

Updated 20 Feb, 2024 09:35am

Bank account attachments: FBR imposes curbs on tax recovery

KARACHI: The Federal Board of Revenue (FBR) has imposed restrictions on tax recovery through bank account...

Updated 20 Feb, 2024 09:33am

Senate body to discuss two major scandals of power projects today

ISLAMABAD: Senate Standing Committee on Power is all set to discuss two major scandals of power projects being...

Updated 20 Feb, 2024 09:40am

Refinery, petrochemical complex: PSO taps China’s Sinopec for partnership with Aramco

As per pre-feasibility study, project will have processing capacity of more than 300,000 bpd, will produce range of high-value petroleum products

Updated 20 Feb, 2024 11:59am

Parties struggle to form coalition govt

ISLAMABAD: The deadlock on a possible power-sharing formula between Pakistan Muslim League-Nawaz (PML-N) and...

Updated 20 Feb, 2024 09:06am

Cases related to Section 7E: Hearing on day-to-day basis from March 26th onwards: SC

ISLAMABAD: The Supreme Court has decided that from March 26th, it would hear cases related to Section 7E introduced...

Updated 20 Feb, 2024 09:41am

Commodities

Gold prices continue to rise

KARACHI: Gold prices on Monday further gained strength on the local market but silver showed no changes, traders...

Published 20 Feb, 2024 03:09am

Commodities

Palm oil easier

JAKARTA: Malaysian palm oil futures climbed on Monday after two consecutive sessions of losses, supported by a...

Published 20 Feb, 2024 03:09am

Energy

Oil prices firm

NEW YORK: Brent crude oil prices were little changed on Monday, with lingering supply concerns from tensions in the...

Published 20 Feb, 2024 03:09am

Commodities

Iron ore futures slide

BEIJING: Iron ore futures prices slipped on Monday, as traders took a cautious stance after rising stocks and weak...

Published 20 Feb, 2024 03:09am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR23.080 ...

Published 20 Feb, 2024 03:09am

Commodities

Japanese rubber futures hit fresh 7-year high on weather concerns

SINGAPORE: Japanese rubber futures rose for a sixth straight session after a soft start on Monday to hit a fresh...

Published 20 Feb, 2024 03:09am

Commodities

Gold at 1-week high as soft dollar

Gold prices rose to a nearly one-week high on Monday as a slight pullback in the US dollar and escalating Middle ...

Published 20 Feb, 2024 03:09am

Commodities

Copper prices decline

NEW DELHI: Copper prices edged down on Monday after the US dollar steadied following last week’s inflation data,...

Published 20 Feb, 2024 03:09am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday, (February 17, 2024)...

Published 20 Feb, 2024 03:09am

Cotton & Textile

Cotton market: Spot rate firm after PCGA report

LAHORE: The local cotton market on Monday remained tight and the trading volume remained relatively low. Cotton...

Published 20 Feb, 2024 03:09am

Commodities

Indonesia’s Bulog to boost corn imports

JAKARTA: Indonesian food procurement firm Bulog is to import an additional 500,000 metric tons of corn for animal...

Published 20 Feb, 2024 03:09am

Commodities

Seeks budget proposals from all chambers of commerce and industry

Updated 20 Feb, 2024 09:57am

Industry

CCP approves merger of Korean company with MPL

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a merger that will see a Korean company...

Published 20 Feb, 2024 03:09am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Cotton US¢/pound / Jan 21	68.02
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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