News Archives for Print - 2024-03-22

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Print - 2024-03-22

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (March 21, 2024). ==================================== BR...

Published 22 Mar, 2024 04:57am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (March 21, 2024). ========================== KIBOR...

Published 22 Mar, 2024 04:57am

Rates

LME official prices

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

Published 22 Mar, 2024 04:57am

Samsung to use tech favoured by SK Hynix as AI chip making race heats up

SEOUL: Samsung Electronics plans to use a chip making technology championed by rival SK Hynix, five people said, as...

Published 22 Mar, 2024 04:57am

Rates

Activities of Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 122,051 tonnes of cargo comprising 65,985 tonnes of import cargo and 56,066...

Published 22 Mar, 2024 04:57am

Israeli raid kills four Palestinians in West Bank camp

TULKARM (Palestinian Territories): An Israeli air strike and gunfire have killed four Palestinians at the Nur Shams...

Published 22 Mar, 2024 04:57am

Leaders tout nuclear power as climate tool at Brussels summit

BRUSSELS: More than 30 countries — including European nations, the United States, Brazil and China — took part ...

Published 22 Mar, 2024 04:57am

US Congress advances $1.2 trillion spending package to avert shutdown

WASHINGTON: After days of delay, US congressional leaders unveiled a $1.2 trillion bipartisan spending measure for...

Published 22 Mar, 2024 04:57am

Turkey and Gulf states to launch talks for free trade pact

ANKARA: Turkey and the Gulf Cooperation Council (GCC) have signed a deal to launch negotiations for a Free Trade...

Published 22 Mar, 2024 04:57am

China opposes US remarks on Arunachal Pradesh, foreign ministry says

BEIJING: China strongly opposes the United States saying Arunachal Pradesh is part of India, a spokesperson for the...

Published 22 Mar, 2024 04:57am

CPJ for drop of charges against BD journalist, demands investigation

NEW YORK: Bangladesh authorities must immediately drop all charges against journalist Md Shofiuzzaman Rana and...

Published 22 Mar, 2024 04:57am

At least 50 attacks on ships by Yemen’s Huthis

WASHINGTON: The Huthi rebels have attacked civilian and military ships sailing off Yemen’s shores at least 50 ...

Published 22 Mar, 2024 04:57am

US urges ‘immediate’ ceasefire as Gaza war grinds on

GAZA STRIP: The US top diplomat stressed Thursday the need for an “immediate ceasefire” and a deal to free...

Published 22 Mar, 2024 04:57am

US takes on Apple in antitrust lawsuit

WASHINGTON: The US Department of Justice and 15 US states on Thursday sued Apple, alleging it monopolized smartphone...

Published 22 Mar, 2024 04:57am

UK parliament in stand-off over Rwanda migrants plan

LONDON: Britain’s Conservative government insisted Thursday that it still aimed to send migrants to Rwanda in the...

Published 22 Mar, 2024 04:57am

Violations of privacy rights

Pakistan not only faces economic and political challenges but has also to contend with multiple pressing issues...

Updated 22 Mar, 2024 05:28am

Income, not consumption, taxes: Applying a ‘national income tax’ for a welfare state

‘The fundamental injustice of consumption taxes, relative to income taxes, is that the well-off can postpone them by...

Updated 22 Mar, 2024 11:00am

Mubashir Hassan made PIO

ISLAMABAD: Senior Information Officer of Grade 20 Mubashir Hassan was appointed as Executive Director General/...

Published 22 Mar, 2024 04:57am

Liquor worth Rs145.6m recovered in operation

KARACHI: A joint intelligence-based operation, coordinated through Joint Maritime Information and Coordination...

Published 22 Mar, 2024 04:57am

LHC explains how to compute income of insurance firms

ISLAMABAD: Lahore High Court (LHC), Thursday, held that the income of an insurance company shall be computed as per...

Published 22 Mar, 2024 04:57am

APNS felicitates Mubashir Hassan

KARACHI: The APNS welcomes and congratulate Mubashir Hassan on his appointment for the second term as Principal...

Published 22 Mar, 2024 04:57am

PCB set to launch first-ever Inter-Collegiate Ramadan T20 Cup

LAHORE: The Pakistan Cricket Board (PCB) has launched the first-ever Inter-Collegiate Ramadan T20 Cup, which is set...

Published 22 Mar, 2024 04:57am

Javeria Khan announces retirement from int’l cricket

LAHORE: Woman cricketer Javeria Khan has announced her retirement from international cricket, 15 years after making...

Updated 22 Mar, 2024 05:41am

South Asia

20 killed in Afghanistan suicide bombing

KANDAHAR: The death toll from a suicide bombing in Afghanistan’s Kandahar early Thursday has reached at least 20...

Published 22 Mar, 2024 04:57am

The Weather

KARACHI: The weather report on Thursday (March 21, 2024) and the forecast for Friday (March 22, 2024)...

Published 22 Mar, 2024 04:57am

Thatta water supply case: President Zardari entitled to immunity, court told

ISLAMABAD: President Asif Ali Zardari’s counsel told the Accountability Court hearing Thatta water supply case...

Published 22 Mar, 2024 04:57am

ECP not authorised to proceed against CM Gandapur, rules PHC

PESHAWAR: The Peshawar High Court on Thursday ruled that the ECP not authorised to proceed against KP Chief Minister...

Published 22 Mar, 2024 04:57am

Dar meets IAEA DG in Brussels

ISLAMABAD: Foreign Minister Ishaq Dar Friday met International Atomic Energy Agency Director General Rafael Mariano...

Published 22 Mar, 2024 04:57am

Qasmi as PTV chairman: SC says hasn’t found any proof of corruption, nepotism

ISLAMABAD: The Supreme Court found no proof of corruption and nepotism regarding the appointment of Ata ul Haq Qasmi...

Published 22 Mar, 2024 04:57am

China Pakistan Economic Corridor: Tarar for creating mechanism to deal with ‘fake news’

ISLAMABAD: Federal Minister for Information and Broadcasting Attaullah Tarar on Thursday stressed to make a ...

Published 22 Mar, 2024 04:57am

Blockage of ‘X’: PPP leader sees a ‘dangerous’ model of governance

ISLAMABAD: Pakistan People’s Party (PPP) Human Rights Cell President Farhatullah Babar said that the ...

Published 22 Mar, 2024 04:57am

ICT police enhances security of whole capital city

ISLAMABAD: The city police further enhanced the security of the whole capital city in general and the high-security...

Published 22 Mar, 2024 04:57am

Minister for Maritime Affairs to visit Karachi tomorrow

KARACHI: After taking the oath as the Federal Minister for Maritime Affairs, Qaiser Ahmed Sheikh will visit Karachi...

Published 22 Mar, 2024 04:57am

Degradation of Margalla Hills National Park will not be allowed, says apex court

ISLAMABAD: The Supreme Court said the degradation of Margalla Hills National Park (MHNP) will not be allowed, and it...

Published 22 Mar, 2024 04:57am

COAS briefs PM on KSA visit

ISLAMABAD: Chief of Army Staff (COAS) General Asim Munir on Thursday called on Prime Minister Shehbaz Sharif. During...

Published 22 Mar, 2024 04:57am

Govt to implement Municipal Service System across Punjab

LAHORE: In a recent announcement, Provincial Minister for Local Government and Community Development, Zeeshan Rafiq,...

Published 22 Mar, 2024 04:57am

Punjab Assembly: Opposition leader concerned at allocation of funds for minorities

LAHORE: In a heated session of the Punjab Assembly on Thursday, Opposition leader Malik Ahmad Khan Bhachar raised...

Published 22 Mar, 2024 04:57am

48 officers: IGP Punjab approves Rs22m educational scholarships

LAHORE: Inspector General Police Punjab Dr Usman Anwar is ensuring all possible steps to provide best higher...

Published 22 Mar, 2024 04:57am

Donald Lu’s stance on cipher: PTI demands Asad Majeed record his statement

ISLAMABAD: A day after US Assistant Secretary of State Donald Lu denied US involvement in ex-prime minister Imran...

Published 22 Mar, 2024 04:57am

SFAH, local teams conduct joint operation in Qasimabad

HYDERABAD: Sindh Food Authority Hyderabad (SFAH) and local administration teams have conducted a joint operation in...

Published 22 Mar, 2024 04:57am

Google brings diverse Ramazan features for Pakistanis

KARACHI: Google brings diverse and distinctive Ramazan features and experiences for Pakistanis to celebrate this ...

Published 22 Mar, 2024 04:57am

‘Price hike can ultimately lead to political crisis’

KARACHI: Chairman of National Business Group Pakistan, Mian Zahid Hussain said that increasing prices of ...

Published 22 Mar, 2024 04:57am

Formite, The Hunar Foundation enter into partnership

KARACHI: Formite and The Hunar Foundation have joined forces in a collaborative effort to empower aspiring youth by...

Published 22 Mar, 2024 04:57am

Pakistan Coast Guards seizes weapons

GWADAR: Pakistan Coast Guards unearthed a cache of concealed weapons and vehicles in Gwadar. According to a ...

Published 22 Mar, 2024 04:57am

RUDA launches plantation drive at Rakh Jhokk forest

LAHORE: Ravi Urban Development Authority (RUDA) has taken a significant step towards environmental conservation by...

Published 22 Mar, 2024 04:57am

Global moot on sustainable development held

LAHORE: A three-day global conference on sustainable development in Pakistan, organized by Home Economics ...

Published 22 Mar, 2024 04:57am

Terrorist killed in IBO operation

ISLAMABAD: The security forces conducted an intelligence-based operation in District Panjgur. According to ISPR,...

Published 22 Mar, 2024 04:57am

Plantation campaign starts at SU

HYDERABAD: In a bid to combat climate change and promote environmental awareness, the Department of Political...

Published 22 Mar, 2024 04:57am

Belarus president to visit Pakistan soon: envoy

ISLAMABAD: The Belarusian Ambassador to Pakistan, Andrei Metelitsa, Thursday, while underscoring the need to enhance...

Published 22 Mar, 2024 04:57am

LDA DG inaugurates Miyawaki Forest at LDA Avenue-1

LAHORE: Lahore Development Authority (LDA) Director General Tahir Farooq here on Thursday inaugurated the Miyawaki...

Published 22 Mar, 2024 04:57am

Plea against Nawaz: LHC asks petitioner to come prepared

LAHORE: The Lahore High Court (LHC) on Thursday expressed its displeasure during the hearing of a petition filed...

Published 22 Mar, 2024 04:57am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (March 21, 2024). ======================================= Offset...

Published 22 Mar, 2024 04:57am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (March 21, 2024)...

Published 22 Mar, 2024 04:57am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 21, 2024)....

Published 22 Mar, 2024 04:57am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (March 21, 2024)....

Published 22 Mar, 2024 04:57am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (March 21, 2024). ======================== Open Bid ...

Published 22 Mar, 2024 04:57am

Forex

Open market rates of foreign currencies

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

Published 22 Mar, 2024 04:57am

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 22 Mar, 2024 04:57am

Energy

Oil falls on weaker US gasoline demand, Gaza ceasefire hopes

NEW YORK: Oil prices fell on Thursday, pressured by weaker US gasoline demand data and reports of a United Nations...

Published 22 Mar, 2024 04:57am

PARTLY FACETIOUS: What about a ‘Lie Perception Index’?

“I have decided to launch my own survey company.” “Hmmm.” “Why the skepticism? I mean the work isn’t...

Published 22 Mar, 2024 04:57am

Stocks

Nikkei index closes at fresh all-time record

TOKYO: Tokyo’s key stock index closed at an all-time high on Thursday, helped by a cheap yen and tracking a record...

Published 22 Mar, 2024 04:57am

Stocks

Large-caps lead rise in Indian shares after Fed rate view

BENGALURU: Indian shares rose on Thursday, helped by metals stocks, joining a global equity rally after the Federal...

Published 22 Mar, 2024 04:57am

Stocks

China stocks dip as rebound fades; HK follows Asia

SHANGHAI: China stocks slipped on Thursday, signalling a potential fatigue in their six-week rebound, while Hong ...

Published 22 Mar, 2024 04:57am

Stocks

European shares higher as rate-cut hopes gain steam

PARIS: European shares joined a global rally to hit fresh record-high levels on Thursday, with technology stocks and...

Published 22 Mar, 2024 04:57am

Stocks

Wall St hits record highs on rate-cut optimism

NEW YORK: Wall Street’s main stock indexes touched record highs on Thursday as chip stocks rallied following ...

Published 22 Mar, 2024 04:57am

Evolution of Pakistan’s trade dispute resolution regime: Through the gloom, the silver linings we should see

There is a lot of gloom in Pakistan these days. In that miasma it is sometimes difficult to see and appreciate the...

Updated 22 Mar, 2024 05:36am

Gold price surges to record high

The “DOT PLOT”, which predicts three interest rate decreases in 2024, remains intact despite Fed Chairman...

Updated 22 Mar, 2024 05:33am

Letters

‘A plethora of issues’

This is apropos a Business Recorder op-ed “A plethora of issues” carried by the newspaper on Tuesday. The ...

Published 22 Mar, 2024 04:57am

Changa Manga forest: Minister launches monumental tree planting campaign

LAHORE: Provincial Minister for Communication and Works, Sohaib Ahmed Bherth, launched a monumental tree planting...

Published 22 Mar, 2024 04:57am

PFA discards 880kg stale meat

LAHORE: The meat safety teams of the Punjab Food Authority (PFA) imposed Rs90,000 fine on nine Food Business...

Published 22 Mar, 2024 04:57am

Three suspects sent to jail in ‘Arabic dress’ case

LAHORE: An Anti-Terrorism Court on Thursday sent three suspects Nadeem, Adil Sarwar and Altamash Saqlain to jail in...

Published 22 Mar, 2024 04:57am

Rates

Index slips into negative zone

KARACHI: Despite foreign buying, Pakistan Stock Exchange on Thursday closed in negative zone. The market opened on a...

Published 22 Mar, 2024 04:57am

Cotton & Textile

Spot rate remains unchanged

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

Published 22 Mar, 2024 04:57am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (March 21, 2024)...

Published 22 Mar, 2024 04:57am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR32.688...

Published 22 Mar, 2024 04:57am

Commodities

Aluminium prices soar on improved demand prospects

LONDON: Aluminium prices climbed to an 11-week high on Thursday as buying interest increased with improving demand...

Published 22 Mar, 2024 04:57am

Commodities

Chicago soybeans jump

SINGAPORE: Chicago soybeans rose for a second session on Thursday to hit a two-month high, as excessive rains in...

Published 22 Mar, 2024 04:57am

Energy

US natural gas eases

NEW YORK: US natural gas futures eased about 1% on Thursday on forecasts for less demand over the next two weeks ...

Published 22 Mar, 2024 04:57am

Commodities

Gold hits fifth record high in March on Fed rate-cut view

BENGALURU: Gold prices on Thursday hit record peaks for the fifth time this month after the US Federal Reserve...

Published 22 Mar, 2024 04:57am

Commodities

Iron ore futures up

BEIJING: Iron ore futures rose on Thursday, buoyed by renewed expectations of further monetary policy easing in top...

Published 22 Mar, 2024 04:57am

Commodities

Malaysian palm oil futures easier

JAKARTA: Malaysian palm oil futures dropped on Thursday, erasing earlier gains, amid uncertainty over production...

Published 22 Mar, 2024 04:57am

Commodities

Japanese rubber futures rebound on stronger domestic equities

SINGAPORE/BEIJING: Japanese rubber futures rebounded from earlier losses to close higher on Thursday, driven by a...

Published 22 Mar, 2024 04:57am

Commodities

Removes captive power plants from its list of prioritised sectors, revises tariff upwards from Rs 1100 to Rs 2750 per mmbtu

Updated 22 Mar, 2024 04:05pm

Jul-Feb 2023-24: $6.678bn borrowed from multiple sources

ISLAMABAD: The country borrowed $ 6.678 billion from multiple financing sources during the first eight months...

Updated 22 Mar, 2024 08:33am

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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