News Archives for Print - 2024-02-24

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Print - 2024-02-24

US targets dozens of entities from China, UAE and Turkey for helping Russia

WASHINGTON: The Biden administration said on Friday it has imposed new trade restrictions on 93 entities from ...

Published 24 Feb, 2024 06:42am

Middle East

UAE dropped from financial crime watch list

DUBAI/PARIS: The United Arab Emirates, home to the financial hub of Dubai, has been dropped from a global...

Published 24 Feb, 2024 06:42am

India confirms citizens ‘signed up’ for Russian army

NEW DELHI: India’s foreign ministry confirmed Friday that some of the country’s citizens had signed up for...

Published 24 Feb, 2024 06:42am

South Asia

Protesting Indian farmers burn effigies of Modi

SHAMBHU, (India): Indian farmers demanding higher prices for their crops burned effigies of Prime Minister Narendra...

Published 24 Feb, 2024 06:42am

Middle East

Israeli PM proposes plan for post-war Gaza

OCCUPIED JERUSALEM: Israeli Prime Minister Benjamin Netanyahu has proposed a plan for post-war Gaza that envisions...

Published 24 Feb, 2024 06:42am

Indian court seeks renaming of ‘interfaith’ lion pair

NEW DELHI: An Indian court has asked authorities to find new monikers for two lions named after a Hindu goddess and ...

Published 24 Feb, 2024 06:42am

USA

American lunar lander ‘alive and well,’ images expected soon

WASHINGTON: The first American spaceship on the Moon since Apollo is “alive and well” following a drama-packed...

Published 24 Feb, 2024 06:42am

Peshawar Zalmi hold nerves to register first win

KARACHI: Peshawar Zalmi bowlers held their nerves to beat table-toppers Multan Sultans by five runs in a nail-biting...

Published 24 Feb, 2024 06:42am

£190m graft case: AC adjourns indictment of IK, Bushra Bibi again

ISLAMABAD: The indictment of Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan and his wife Bushra Bibi in...

Published 24 Feb, 2024 06:42am

A Soybean Bounty in Japanese Food

The Japanese dinner table features soybeans in many different forms. Since ancient times, a great variety of...

Published 24 Feb, 2024 06:42am

Pakistan Japan Business Forum: A Historical Perspective

On a relatively cold January evening in 2001 and at the residence of the then Consul General of Japan in Karachi,...

Published 24 Feb, 2024 06:42am

Japan’s Evolving Vegetarian

Culture, As health consciousness grows around the world, people are taking another look at plant-based foods and...

Published 24 Feb, 2024 06:42am

The Emperor’s Birthday & National Day of Japan Message from Murtaza Mandviwalla Chairman, Pakistan-Japan Business Forum

It gives me great pleasure to felicitate and express my heartfelt greetings to His Majesty, the Emperor Naruhito on...

Published 24 Feb, 2024 06:42am

The Emperor’s Birthday & National Day of Japan Message from Akira Terakawa, Chairman of the Japan-Pakistan, Business Co-operation Committee (JPBCC)

Since the JPBCC’s establishment in 1984, we have been promoting bilateral business ties, trade, investment and...

Published 24 Feb, 2024 06:42am

The Emperor’s Birthday & National Day of Japan Message from Hattori Masaru, Consul General of Japan in Karachi

It is with great enthusiasm that I embark on my journey as I recently joined the Consul General of Japan in Karachi...

Published 24 Feb, 2024 06:42am

The Emperor’s Birthday & National Day of Japan Message from Raza Bashir Tarar, Ambassador of Pakistan to Japan

We are honoured to extend felicitations on His Majesty’s Birthday and the National Day of Japan. We wish His...

Published 24 Feb, 2024 06:42am

The Emperor’s Birthday & National Day of Japan Message from Mitsuhiro Wada, Ambassador of Japan to Pakistan

It gives me great pleasure to address the readers of Business Recorder on the occasion of the 64th birthday of His...

Published 24 Feb, 2024 06:42am

The Weather

KARACHI: The weather report on Friday (February 23, 2024) and the forecast for Saturday (February 24 2024)...

Published 24 Feb, 2024 06:42am

Mother of BR Islamabad RE passes away

ISLAMABAD: Zohra Ibrahim, the mother of Business Recorder Islamabad Resident Editor (RE) Anjum Ibrahim, passed away...

Published 24 Feb, 2024 06:42am

Punjab and Sindh: ECP allots 20 reserved seats for women

ISLAMABAD: The Election Commission of Pakistan (ECP) has announced the allotment of 20 reserved seats for women in...

Published 24 Feb, 2024 06:42am

PML(N) MNA-elect says new govt to make efforts aimed at promoting ease of doing business

ISLAMABAD: “The incoming coalition government would focus on promoting ease of doing business to facilitate the...

Published 24 Feb, 2024 06:42am

‘Iddat’ case: Imran, Bushra separately file pleas against verdict

ISLAMABAD: The incarcerated ex-Prime Minister Imran Khan and his wife Bushra Bibi on Friday separately filed appeals...

Published 24 Feb, 2024 06:42am

Shehbaz, Aleem take stock of situation

LAHORE: Istehkam-e-Pakistan Party (IPP) President Abdul Aleem Khan met the former prime minister and the PML-N...

Published 24 Feb, 2024 06:42am

BISP expanding programmes thru efficient utilisation of resources: secy

ISLAMABAD: Secretary Benazir Income Support Programme (BISP) Amer Ali Ahmed has said that BISP is expanding its...

Published 24 Feb, 2024 06:42am

Bail to blasphemy accused: JI Senator terms SC’s decision a ‘grave mistake’

ISLAMABAD: Jamaat-e-Islami (JI) Senator Mushtaq Ahmad Khan has termed Supreme Court’s recent decision to grant ...

Published 24 Feb, 2024 06:42am

There’s need to focus on economy

Breaking a two-week impasse following elections, Pakistan’s political power-brokers, after extensive negotiations,...

Published 24 Feb, 2024 06:42am

Karachi by the sea

Karachi is home to two of the busiest ports of Pakistan, the Karachi Port and Port Qasim, it is also the largest ...

Published 24 Feb, 2024 06:42am

It’s turtles all the way down

There is an anecdote oft repeated in university environments and I am copying it from Neuroscientist Robert...

Published 24 Feb, 2024 06:42am

Women engineers: USAID celebrates successful completion of training programme

ISLAMABAD: The United States Agency for International Development (USAID) celebrated the successful completion of ...

Published 24 Feb, 2024 06:42am

Sindh governor meets CM Naqvi

LAHORE: Sindh Governor Kamran Tessori met with Punjab Chief Minister Mohsin Naqvi, here on Friday and discussed...

Published 24 Feb, 2024 06:42am

Educational institutions: Sindh announces holiday

KARACHI: Sindh Government has declared a public holiday for schools and colleges on February 26, on account of...

Published 24 Feb, 2024 06:42am

Shehbaz, Aleem discuss formation of new political govt

LAHORE: Istehkam-e-Pakistan Party (IPP) President Abdul Aleem Khan met the former prime minister and the PML-N...

Published 24 Feb, 2024 06:42am

Shehbaz meets MQM-P delegation, discusses govt formation

LAHORE: A delegation of the Muttahida Qaumi Movement-Pakistan (MQM-P) met PML-N President Shehbaz Sharif here on...

Published 24 Feb, 2024 06:42am

Seminar on ‘Work Based Harassment’ held at LUMHS

HYDERABAD: The Seminar on “Work Based Harassment” was held on Friday at Liaquat University of Medical &...

Published 24 Feb, 2024 06:42am

Second death anniversary of Rehman Malik observed

ISLAMABAD: The second death anniversary of former interior minister and senior leader of the Pakistan People’s...

Published 24 Feb, 2024 06:42am

SAU, TÄ°KA sign MoU to establish cutting-edge greenhouse facility

HYDERABAD: Sindh Agriculture University (SAU) and the Turkish Cooperation and Coordination Agency (TÄ°KA) have...

Published 24 Feb, 2024 06:42am

Rains, snow and winds likely from 25th till 27th

KARACHI: Fresh weather system is likely to grip the country with rains, snow, winds and thunderstorms from the night...

Published 24 Feb, 2024 06:42am

Punjab govt formation phase starts: Governor

LAHORE: Punjab Governor Muhammad Balighur Rehman has said that the government formation phase has started and it is...

Published 24 Feb, 2024 06:42am

PPP slams IK’s letter to IMF for holding next loan to Pakistan

ISLAMABAD: Pakistan People’s Party (PPP) strongly condemned founding chairman of Pakistan Tehreek-e-Insaf (PTI)...

Published 24 Feb, 2024 06:42am

PPP prevents 3 senators from taking oath as assembly members

ISLAMABAD: Pakistan People's Party (PPP) prevented three senators from taking oath as elected members of the ...

Published 24 Feb, 2024 06:42am

Mushahid suggests Nawaz’s conciliation with PTI

LAHORE: Pakistan Muslim League-Nawaz (PML-N) Senator Mushahid Hussain Syed has suggested reconciliation with the...

Published 24 Feb, 2024 06:42am

JI holds Palestine solidarity demos

KARACHI: Thousands on Friday participated in over 100 demonstrations to show solidarity with Palestine across the...

Published 24 Feb, 2024 06:42am

JCP approves elevation of Justice Afghan as SC judge

ISLAMABAD: The Judicial Commission of Pakistan (JCP) recommended the elevation of Balochistan High Court (BHC) Chief...

Published 24 Feb, 2024 06:42am

Iran congratulates Pakistan

ISLAMABAD: Foreign Minister of Iran Hossein Amir-Abdollahian on Friday congratulated Pakistan on the successful...

Published 24 Feb, 2024 06:42am

Independent candidate decries ‘rigging’

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI)-backed independent candidate for NA-57 Rawalpindi Seemabia Tahir on Friday...

Published 24 Feb, 2024 06:42am

Islamadad’s three constituencies: ECP reinstates suspended notification of successful candidates

ISLAMABAD: The Election Commission of Pakistan (ECP) has reinstated the suspended notification of successful...

Published 24 Feb, 2024 06:42am

Awareness walk, seminar on cancer held at Mayo Cancer Care Hospital

LAHORE: With a view to raise awareness about cancer, an awareness walk and seminar was organized at Mayo Cancer Care...

Published 24 Feb, 2024 06:42am

Attock Refinery, EPA launch Spring Plantation Drive

ISLAMABAD: Attock Refinery Limited in collaboration with the Environmental Protection Agency (EPA) Rawalpindi, ...

Published 24 Feb, 2024 06:42am

Rates

Bullish trend persists

KARACHI: Bullish trend continued on Pakistan Stock Exchange on Friday on the back of healthy buying by both local ...

Published 24 Feb, 2024 06:42am

PLL given full input tax adjustment facility

ISLAMABAD: The Federal Board of Revenue (FBR) has allowed the facility of 100 per cent input tax adjustment to...

Updated 24 Feb, 2024 04:12pm

Nepra grills Power Div for lingering inefficiencies

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra), on Friday, grilled the Power Division and its...

Updated 24 Feb, 2024 08:57am

Discos asked to remove faulty meters

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has directed Discos and K-Electric (KE) to...

Updated 24 Feb, 2024 08:49am

1H: Provincial PSDP spending rises 19pc YoY

ISLAMABAD: The development spending (PSDP) of the provincial governments has increased by over 19 per cent during...

Updated 24 Feb, 2024 09:47am

IP gas pipeline project: CCoE decides to start work on first phase

ISLAMABAD: The Cabinet Committee on Energy (CCoE) headed by the caretaker minister for power and petroleum has...

Updated 24 Feb, 2024 08:52am

Punjab MPAs sworn in amid delays, tension

LAHORE: In a session marked by delays and tension, newly-elected members of the Punjab Assembly were sworn in on...

Published 24 Feb, 2024 06:42am

Sindh MPAs-elect to take oath today

KARACHI: Sindh Governor Kamran Khan Tessori has convened Assembly session Saturday (today) at Sindh Assembly ...

Published 24 Feb, 2024 06:42am

Murad Ali Shah nominated for Sindh CM’s slot

KARACHI: Chairman of the Pakistan Peoples’ Party (PPP), Bilawal Bhutto Zardari during a party meeting held on...

Published 24 Feb, 2024 06:42am

Letters

‘Determining fair income tax base’

Business Recorder op-ed writers Huzaima Bukhari, Dr Ikramul Haq and Abdul Rauf Shakoori have highlighted an issue of...

Published 24 Feb, 2024 06:42am

Cotton & Textile

KCA organises training course

LAHORE: The Karachi Cotton Association (KCA) organised a two-week Cotton Grading and Classification Course from...

Published 24 Feb, 2024 06:42am

Commodities

Gold prices fall, silver’s steady

KARACHI: Gold prices on Friday posted a noticeable fall on the local market, but silver was steady, traders said....

Published 24 Feb, 2024 06:42am

Stocks

AI-led rally on Wall Street loses steam, Nvidia pares gains

NEW YORK: Wall Street’s main indexes lost momentum on Friday following a dizzying rally fueled by euphoria around...

Published 24 Feb, 2024 06:42am

Stocks

European shares end week at record highs

PARIS: European shares closed at a record peak for a second day on Friday after gains in Standard Chartered ...

Published 24 Feb, 2024 06:42am

Stocks

China stocks close up for 9th session

SHANGHAI: China stocks closed up for a ninth session on Friday, lifted by authorities’ measures to spur economic...

Published 24 Feb, 2024 06:42am

Stocks

UAE stock markets fall on weak oil prices

DUBAI: Stock markets in United Arab Emirates declined on Friday, tracking oil prices after a US Federal Reserve...

Published 24 Feb, 2024 06:42am

Stocks

PSX gong ceremony celebrates closing of ECP

KARACHI: A gong ceremony was held at Pakistan Stock Exchange to celebrate closing of Enterprise Challenge Pakistan...

Published 24 Feb, 2024 06:42am

Energy

Khulli Kachehri of SSGC reassures optimum services to customers

KARACHI: Sui Southern Gas Company (SSGC) provided an open forum for complaint redressal to its customers by ...

Published 24 Feb, 2024 06:42am

Cotton & Textile

Cotton market remains firm with satisfactory volume

LAHORE: The local cotton market on Friday remained firm and the trading volume remained satisfactory. Cotton ...

Published 24 Feb, 2024 06:42am

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 24 Feb, 2024 06:42am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (February 23, 2024). ========================== KIBOR...

Published 24 Feb, 2024 06:42am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (February...

Published 24 Feb, 2024 06:42am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (February 23, 2024). ======================== Open Bid...

Published 24 Feb, 2024 06:42am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (February 23, 2024)....

Published 24 Feb, 2024 06:42am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (February 23, 2024). ==================================== BR...

Published 24 Feb, 2024 06:42am

Answer to question about IK’s letter: IMF says won’t comment on developments

The International Monetary Fund says it is looking forward to working with the new government

Updated 24 Feb, 2024 04:10pm

Jul-Jan borrowing stands at $6.3bn

Country receives $331.59 million in January 2024

Updated 24 Feb, 2024 06:44pm

PTI moves SC against ‘vote rigging’

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Sher Afzal Marwat approached the Supreme Court against rigging in...

Updated 24 Feb, 2024 04:11pm

IK says he’s written letter

ISLAMABAD: Jailed former prime minister Imran Khan on Friday confirmed that he wrote a letter to the International...

Updated 24 Feb, 2024 06:45pm

Pakistan assails Israel: ‘Unlawfulness must have consequences’

ISLAMABAD: Pakistan made a strong case at the International Court of Justice (ICJ) for ending Israeli occupation of...

Updated 24 Feb, 2024 08:56pm

Weekly SPI up by 0.04pc

ISLAMABAD: The Sensitive Price Index (SPI) for the week ended on February 22, 2024 increased by 0.04 per cent due to...

Updated 24 Feb, 2024 09:47am

Dar for waging joint efforts to overcome economic challenges

LAHORE: Emphasising the need for waging collective efforts to overcome the economic challenges, former finance...

Published 24 Feb, 2024 06:42am

Egypt announces multi-billion UAE investment to boost forex

CAIRO: Egypt said on Friday it had signed a deal with the United Arab Emirates to develop a prime stretch of its...

Published 24 Feb, 2024 06:42am

President makes a fair point

EDITORIAL: President Arif Alvi hit the nail on the head the other day when he implied that financial inclusion, ...

Published 24 Feb, 2024 06:42am

Dangerous propaganda

EDITORIAL: The fangs of religious extremism that have played an all too crucial role in leaving deep scars on the...

Published 24 Feb, 2024 06:42am

SBP official for greater focus on agri development

KARACHI: Deputy Governor State Bank of Pakistan (SBP) Saleem Ullah emphasized the need for greater focus on...

Published 24 Feb, 2024 06:42am

CY2023 HBL PBT rises 47pc to Rs113.6bn YoY

KARACHI: HBL on Friday declared a record profit before tax of Rs 113.6 billion for the year ended December 31, 2023,...

Published 24 Feb, 2024 06:42am

July to Jan 2024: E&T Sindh collects Rs.82bn taxes

KARACHI: The Excise and Taxation Department of Sindh has collected over Rs. 82 billion in taxes from July 2023 to...

Published 24 Feb, 2024 06:42am

Standard Chartered Pakistan posts record PBT of Rs89.2bn

KARACHI: Standard Chartered Bank (Pakistan) Limited, the country’s largest and oldest International bank announced...

Published 24 Feb, 2024 06:42am

Money & Banking

Dollar index set for first weekly fall this year

NEW YORK: The US dollar index was on track for its first weekly fall in 2024 on Friday as investors took a breather...

Published 24 Feb, 2024 06:42am

Money & Banking

India rupee logs second weekly rise

MUMBAI: The Indian rupee inched lower on Friday due to dollar demand from importers and oil companies, but clocked...

Published 24 Feb, 2024 06:42am

Money & Banking

Yuan eases as China’s new home prices fall

SHANGHAI: China’s yuan eased slightly against the US dollar on Friday as its new home prices fell for the seventh...

Published 24 Feb, 2024 06:42am

Leaders urged to form national govt

KARACHI: President of United Business Group (UBG) Zubair Tufail, Chairman UBG Sindh Zone and Former Senior Vice...

Published 24 Feb, 2024 06:42am

Industry

LCCI holds session on impact of climate change on business

LAHORE: An orientation session titled “The Impact of Climate Change on Business” was conducted at the Lahore...

Published 24 Feb, 2024 06:42am

Connectivity, trade, and economic cooperation: Pakistan can act as a natural partner with SCO

ISLAMABAD: Pakistan can act as a natural partner with Shanghai Cooperation Organization (SCO) for promoting...

Published 24 Feb, 2024 06:42am

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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