News Archives for Print - 2024-03-07

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Print - 2024-03-07

The Weather

KARACHI: The weather report on Wednesday (March 06, 2024) and the forecast for Thursday (March 07, 2024)...

Published 07 Mar, 2024 04:59am

Sindh CM, World Bank team discuss challenges facing irrigation system

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that Pakistan is facing severe water scarcity, and the...

Published 07 Mar, 2024 04:59am

PM distributes compensation package among KP rain victims

PESHAWAR: Prime Minister Shehbaz Sharif here on Wednesday distributed a huge compensation financial package among...

Published 07 Mar, 2024 04:59am

CPJ demands release of Imran Riaz

NEW YORK: Pakistani authorities must immediately and unconditionally release journalist Imran Riaz Khan, whose...

Published 07 Mar, 2024 04:59am

Team from Pakistan wins laurels at Model UN competition in Greece

KARACHI: A team of students from the Bay View Academy Karachi competed at the Platon School Model United Nations...

Published 07 Mar, 2024 04:59am

Europe

UK govt woos votes with more pre-election tax cuts

LONDON: Britain’s beleaguered government on Wednesday announced a fresh tax cut for millions of workers as it ...

Published 07 Mar, 2024 04:59am

Lahore Qalandars taste first victory in PSL-9

KARACHI: Lahore Qalandars won their first game of the Pakistan Super League (PSL) 9 as they bowled out Islamabad...

Published 07 Mar, 2024 04:59am

Karachi Kings defeat Quetta Gladiators

KARACHI: Karachi Kings’s qualification for playoffs remained intact after they inflicted a seven-wicket defeat on...

Published 07 Mar, 2024 04:59am

JUI-F chief addresses lawyers

LAHORE: Jamiat-e-Ulema Islam-Fazl (JUI-F) Chief Maulana Fazlur Rehman said “The constitution of the country was ...

Published 07 Mar, 2024 04:59am

CDA to ensure supply of high-quality food items in Ramadan

ISLAMABAD: The Capital Development Authority (CDA), on Wednesday, made arrangements to ensure the supply of...

Published 07 Mar, 2024 04:59am

Post-arrest bail pleas: Contempt notice issued for not marking attendance of IK, Bushra

ISLAMABAD: A local court, on Wednesday, issued a contempt notice for not marking attendance of Pakistan...

Published 07 Mar, 2024 04:59am

‘Delivery of Ramazan package will be accelerated’

LAHORE: Commissioner Lahore Muhammad Ali Randhawa has said that after the pilot phase, the doorstep delivery of the...

Published 07 Mar, 2024 04:59am

Two corruption cases: Indictment of Elahi delayed by trial courts

LAHORE: The indictment of PTI President Pervez Elahi in two corruption cases was delayed once again on Wednesday by...

Published 07 Mar, 2024 04:59am

IO summoned in Toshakhana case against Nawaz, Zardari, Gilani

ISLAMABAD: An Accountability Court hearing the Toshakhana case against Pakistan Muslim League-Nawaz (PML-N) supremo...

Published 07 Mar, 2024 04:59am

Jazz, Tech Valley to launch ‘Digital Safar’ programme to schools

ISLAMABAD: Jazz has partnered with Tech Valley, a Google for Education partner, to introduce the “Digital Safar”...

Published 07 Mar, 2024 04:59am

Kiwi delegation meets PCB chairman; discusses security arrangements

LAHORE: A security delegation of New Zealand met with Pakistan Cricket Board (PCB) Chairman Syed Mohsin Naqvi here...

Published 07 Mar, 2024 04:59am

Middle East

Iran seizes US cargo on oil tanker over sanctions: judiciary

TEHRAN: Iranian authorities have confiscated the American cargo of an oil tanker seized last year after US-led...

Published 07 Mar, 2024 04:59am

Trump, Biden storm towards rematch as Haley drops out

CHARLESTON, (South Carolina): Nikki Haley ended her long-shot challenge to Republican presidential frontrunner ...

Published 07 Mar, 2024 04:59am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (March 06, 2024). ==================================== BR...

Published 07 Mar, 2024 04:59am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 06, 2024)....

Published 07 Mar, 2024 04:59am

Stocks

Tokyo’s Nikkei index inches down at close

TOKYO: Tokyo’s key Nikkei index ended marginally lower on Wednesday as global investors locked in profits after...

Published 07 Mar, 2024 04:59am

Stocks

HK stocks rebound, China flat

HONG KONG: Hong Kong stocks rebounded on Wednesday from a decline in the previous session while China shares were...

Published 07 Mar, 2024 04:59am

Stocks

Tech, financials steer Europe’s STOXX 600 to record high

PARIS: Europe’s main equity index hit an all-time high on Wednesday, boosted by tech and financial shares, while...

Published 07 Mar, 2024 04:59am

Stocks

Wall St rises after Powell signals rate cuts this year

NEW YORK: Wall Street’s main indexes rose on Wednesday after Federal Reserve Chair Jerome Powell said the central...

Published 07 Mar, 2024 04:59am

Letters

‘Protecting women farmers’

This is apropos a Business Recorder editorial “Protecting women farmers” carried by the newspaper recently. It ...

Published 07 Mar, 2024 04:59am

Economy on a knife-edge after election

With ballot-box rigging, arbitrary arrests, politicization of the judiciary, media censorship, and endless internet...

Updated 07 Mar, 2024 08:06am

A people-centric judiciary

The legacy of colonialism casts a long shadow over many aspects of life in former colonies, not least of which is ...

Updated 07 Mar, 2024 08:06am

Small farmers and unemployed youth: JI for distribution of state-owned agri land

LAHORE Chief of Jamaat-e-Islami Sirajul Haq has called for distribution of state-owned agricultural land among small...

Published 07 Mar, 2024 04:59am

PAC chairman slot: Marwat says IK nominated him as opposition candidate

ISLAMABAD: The firebrand Pakistan Tehreek-e-Insaf (PTI) lawmaker Sher Afzal Marwat said on Wednesday that party...

Published 07 Mar, 2024 04:59am

Nestlé Pakistan wins EFP, GDEIB gender diversity awards

KARACHI: Nestlé Pakistan has been honored with two consecutive top recognitions by the Employers Federation of...

Published 07 Mar, 2024 04:59am

New govt facing uphill task to counter smoking

ISLAMABAD: The new government is facing an uphill task to synchronize efforts between Ministry of National Health...

Published 07 Mar, 2024 04:59am

Omar picked as opposition leader in NA

ISLAMABAD: The expectations of the hawkish chaps within the ranks of Pakistan Tehreek-e-Insaf (PTI) were dashed to a...

Published 07 Mar, 2024 04:59am

9th round of Pak-EU Political Dialogue held: Pakistan, EU agree to continue working towards broadening of ties

ISLAMABAD: Pakistan and the European Union have agreed to continue working towards further deepening and broadening...

Published 07 Mar, 2024 04:59am

PFA to start awareness through Friday sermons

LAHORE: The Punjab Food Authority (PFA) will start an awareness campaign against food adulteration through Friday...

Published 07 Mar, 2024 04:59am

Saraiki Culture Day: PM pledges to promote local language, literature & culture

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif said on Wednesday that the government will further promote the...

Published 07 Mar, 2024 04:59am

Climate, forest and water: PMI receives 4th consecutive CDP Triple- rating

KARACHI: Philip Morris International (PMI or Company), the parent company of Philip Morris (Pakistan) Limited,...

Published 07 Mar, 2024 04:59am

Pre-arrest bail granted to Qaisra Elhai

LAHORE: A special court for anti-corruption on Wednesday granted pre-arrest bail to Qaisra Elhai wife of PTI...

Published 07 Mar, 2024 04:59am

‘Criminalising abortion’ Replies sought from govts on plea

LAHORE: The Lahore High Court on Wednesday sought replies from the federal law and health ministries, and the Punjab...

Published 07 Mar, 2024 04:59am

Training programme on beekeeping held at SAU

HYDERABAD: A training program on beekeeping was conducted at Sindh Agriculture University, with students from ...

Published 07 Mar, 2024 04:59am

18-member Punjab cabinet sworn in

LAHORE: The composition of the PML-N led Punjab government has completed, as the 18-member provincial cabinet was...

Published 07 Mar, 2024 04:59am

General Elections 2024: PILDAT releases its assessment report

LAHORE: The Pakistan Institute of Legislative Development and Transparency (PILDAT) has released its assessment of...

Published 07 Mar, 2024 04:59am

15-member KP cabinet sworn in

PESHAWAR: A 15-member cabinet of Khyber Pakhtunkhwa government took oath here on Wednesday. Governor Khyber...

Published 07 Mar, 2024 04:59am

PM greets Zardari, Bilawal

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday congratulated Bilawal Bhutto Zardari, President-designate Asif...

Published 07 Mar, 2024 04:59am

PTI, too, reacts to SC opinion

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Wednesday questioned whether the nation will have to wait for a...

Published 07 Mar, 2024 04:59am

COAS calls on PM, greets him on assumption of office

ISLAMABAD: Chief of Army Staff General Syed Asim Munir met with Prime Minister Shehbaz Sharif at the Prime...

Published 07 Mar, 2024 04:59am

Army unveils new tank ‘HAIDER’

ISLAMABAD: Pakistan Army unveiled its new Tank HAIDER, which has been indigenously manufactured through ...

Published 07 Mar, 2024 04:59am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (March 06, 2024). ======================================= Offset...

Published 07 Mar, 2024 04:59am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 06, 2024)...

Published 07 Mar, 2024 04:59am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (March 06, 2024)....

Published 07 Mar, 2024 04:59am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (March 06, 2024). ======================== Open Bid...

Published 07 Mar, 2024 04:59am

Forex

Open market rates of foreign currencies

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

Published 07 Mar, 2024 04:59am

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 07 Mar, 2024 04:59am

Rates

LME official prices

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

Published 07 Mar, 2024 04:59am

Commodities

Gold prices continue upward march

KARACHI: Gold prices on Wednesday continued to post more gains on the local market but silver remained steady,...

Published 07 Mar, 2024 04:59am

Energy

Oil prices climb on small build in US crude stocks

NEW YORK: Oil prices climbed about 2% on Wednesday on a smaller-than-expected build in US crude inventories, a big...

Published 07 Mar, 2024 04:59am

Cotton & Textile

Spot rate unchanged on cotton market

LAHORE: The local cotton market on Wednesday remained steady and the trading volume remained low. Cotton Analyst...

Published 07 Mar, 2024 04:59am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (March 06, 2024)...

Published 07 Mar, 2024 04:59am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 181,286 tonnes of cargo comprising 98,050 tonnes of import cargo and 83,236...

Published 07 Mar, 2024 04:59am

Commodities

Copper rises on weaker dollar

LONDON: Copper prices rose in London on Wednesday as a weaker dollar and declining exchange stockpiles provided...

Published 07 Mar, 2024 04:59am

Commodities

Gold extends record run as rate cut bets gain ground

BENGALURU: Gold rallied to a fresh record on Wednesday, building on stellar momentum driven mostly by bets for US...

Published 07 Mar, 2024 04:59am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR33.099...

Published 07 Mar, 2024 04:59am

Commodities

Dalian iron ore slides

SHANGHAI: Dalian iron ore futures prices slid on Wednesday, weighed down by a persistently weak steel market and ...

Published 07 Mar, 2024 04:59am

Commodities

Japanese rubber futures rise for second session

SINGAPORE: Japanese rubber futures gained for a second straight session on Wednesday amid higher oil prices and...

Published 07 Mar, 2024 04:59am

Commodities

Malaysian palm oil futures rise

SINGAPORE: Malaysian palm oil futures rose for a second consecutive session to a more than seven-month high on...

Published 07 Mar, 2024 04:59am

Commodities

Soybeans, corn flat ahead of USDA report

BEIJING: Chicago soybean and corn futures were flat on Wednesday, hovering near three-year lows ahead of a key USDA...

Published 07 Mar, 2024 04:59am

Energy

Energy sector: Khaqan for immediate implementation of privatisation agenda

ISLAMABAD: Former prime minister Shahid Khaqan Abbasi has strongly urged the government to urgently implement the...

Published 07 Mar, 2024 04:59am

Energy

NTDC replaces 160 MVA autotransformer at Daharki grid station

LAHORE: The project delivery (south) team of the National Transmission and Dispatch Company Limited (NTDC) has...

Published 07 Mar, 2024 04:59am

Thar Block-1: Shanghai Electric promises development, welfare of workers

KARACHI: Thar Coal Block-1 Power Generation Company (Private) Limited (TCB-1) and Sino Sindh Resources Private...

Updated 07 Mar, 2024 09:48am

ZAB reference: Bilawal heaps praise on SC

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari, Wednesday, welcomed the Supreme Court’s...

Updated 07 Mar, 2024 08:50am

Rs125m TSG for IB approved

ISLAMABAD: The government has approved the provision of an additional Rs125 million to the Intelligence Bureau (IB)...

Updated 07 Mar, 2024 08:50am

ZAB didn’t get a fair trial: SC

ISLAMABAD: The Supreme Court noted that due process and fair trial were not complied with in the murder trial of the...

Published 07 Mar, 2024 04:59am

Recovery from PIA: PSO receiveables soar to Rs 21.7bn

ISLAMABAD: The Pakistan State Oil (PSO) has proposed the imposition of a levy of upto Rs4 per litre on Jet-A1 to...

Updated 07 Mar, 2024 09:50am

Rates

PSX lands in negative zone

KARACHI: Pakistan Stock Exchange on Wednesday started on positive note, however failed to continue this momentum as...

Published 07 Mar, 2024 04:59am

KATI commends govt for issuing Rs65bn sales tax refunds

KARACHI: Former President of the Korangi Association of Trade and Industry (KATI), Sheikh Umer Rehan, commended the...

Published 07 Mar, 2024 04:59am

Taxes

Reduction in number of active taxpayers raises concerns

KARACHI: The Federal Board of Revenue (FBR) has reported a staggering 41 percent drop in the number of active...

Published 07 Mar, 2024 04:59am

Money & Banking

Most Asian FX muted ahead of Powell speech

BENGALURU: Most Asian currencies were flat on Wednesday, ahead of a testimony from the US Federal Reserve Chair...

Published 07 Mar, 2024 04:59am

Money & Banking

Yuan steady

SHANGHAI: China’s yuan held steady against the US dollar on Wednesday, as the central bank set a daily midpoint...

Published 07 Mar, 2024 04:59am

Money & Banking

US dollar slips to one-month low

NEW YORK: The US dollar slipped to a one-month low against the euro on Wednesday after US Federal Reserve Chair...

Published 07 Mar, 2024 04:59am

Money & Banking

ZTBL and LIMS sign MoU

ISLAMABAD: The Zarai Taraqiati Bank Limited (ZTBL) and Land Information Management System (LIMS) on Wednesday joined...

Published 07 Mar, 2024 04:59am

Money & Banking

Bank AL Habib declares 50pc final cash dividend

KARACHI: The Annual General Meeting of Bank AL Habib Limited was held at Bank’s premises located at 128-C, Old...

Published 07 Mar, 2024 04:59am

‘LEAP 2024’: Azfar Ahsan for stronger Pak-Saudi ties

RIYADH: Muhammad Azfar Ahsan, Pakistan’s former minister for investment & founder, Nutshell Group, speaking at...

Published 07 Mar, 2024 04:59am

Money & Banking

ABL organises financial literacy campaign

LAHORE: The State Bank of Pakistan (SBP) has announced the Financial Literacy Week from 4 to 8 March, 2024, aligned...

Published 07 Mar, 2024 04:59am

Israel’s hands are soaked in Palestinian blood

EDITORIAL: A food distribution point turned into a massacre scene when an aid convoy, the first in more than a ...

Published 07 Mar, 2024 04:59am

At odds with the democratic norms

EDITORIAL: The Election Commission of Pakistan’s (ECP’s) refusal to allocate its fair share of reserved seats in...

Published 07 Mar, 2024 04:59am

Sanctity of procurement procedure

EDITORIAL: It’s a shame that the M6 Hyderabad-Sukkur Motorway – the last piece of the puzzle in establishing a...

Published 07 Mar, 2024 04:59am

Taxes

RTO Rawalpindi disallowed to attach taxpayer’s bank accounts

ISLAMABAD: The Lahore High Court (LHC) Rawalpindi Bench has barred the Regional Tax Office (RTO) Rawalpindi from...

Published 07 Mar, 2024 04:59am

Energy Summit held: Experts highlight importance of insurance

KARACHI: Experts highlighted the critical importance of insurance for the sustainable development of multiple energy...

Published 07 Mar, 2024 04:59am

LEAP 2024 Riyadh: IT industry represented by 74 cos, 800 delegates

ISLAMABAD: Pakistan’s IT industry has been represented by 74 companies and 800 delegates at LEAP 2024 in Riyadh,...

Published 07 Mar, 2024 04:59am

Pakistan desired to expand trade ties with friendly countries: Alvi

ISLAMABAD: President Dr Arif Alvi said that Pakistan desired to expand its trade and economic relations with ...

Published 07 Mar, 2024 04:59am

Shell Pakistan announces financial results for 2023

KARACHI: The Board of Directors of Shell Pakistan Limited (SPL) announced the company’s financial results for the...

Published 07 Mar, 2024 04:59am

FBR issues instructions: Field formations asked to decide refund claims in 30 days

Taxes

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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