News Archives for Print - 2024-06-23

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Print - 2024-06-23

China, France launch satellite to better understand the universe

XICHANG, (China): A French-Chinese satellite blasted off Saturday on a hunt for the mightiest explosions in the...

Published 23 Jun, 2024 02:50am

China, EU agree to hold consultations on EV tariffs

SHANGHAI: China and the European Union have agreed to start talks on the planned imposition of tariffs on...

Published 23 Jun, 2024 02:50am

Egypt to prosecute travel agents for ‘fraudulent’ Haj trips

CAIRO: Egyptian Prime Minister Mostafa Madbouly on Saturday ordered 16 tourism companies stripped of their licences...

Published 23 Jun, 2024 02:50am

Europe

Thousands march in London to call for ‘urgent’ climate action

LONDON: Thousands of protestors from across the UK marched through central London on Saturday to call for “urgent...

Published 23 Jun, 2024 02:50am

Dialogue with govt: PTI says will consider proposals made by Achakzai

ISLAMABAD: In a stunning U-turn, the beleaguered Pakistan Tehreek-e-Insaf (PTI) on Saturday said that the ex-prime...

Published 23 Jun, 2024 02:50am

Banned outfits: CTD arrests 22 suspects

LAHORE: The Counter Terrorism Department (CTD) has foiled a major terror plot by arresting 22 suspected persons...

Published 23 Jun, 2024 02:50am

Crackdown on power thieves continues

LAHORE: On the directive of Chief Minister of Punjab, Punjab Police has intensified its crackdown on electricity...

Published 23 Jun, 2024 02:50am

‘Violence against children, women on the rise’

LAHORE: Punjab Police Lodhran has arrested the main accused involved in the torture inflicted upon 12-year-old...

Published 23 Jun, 2024 02:50am

PCB unfolds details of pre-season fitness, fielding camp

LAHORE: The Pakistan Cricket Board (PCB) Saturday announced details of the pre-season fitness and fielding camp, and...

Published 23 Jun, 2024 02:50am

Naqvi chairs meeting on security of Chinese citizens

ISLAMABAD: Federal Minister for Interior Mohsin Naqvi on Saturday chaired an important meeting in the Ministry of...

Published 23 Jun, 2024 02:50am

The Weather

KARACHI: The weather report on Saturday (June 22, 2024) and the forecast for Sunday (June 23, 2024)....

Published 23 Jun, 2024 02:50am

Reply to SC against PHC judgment: SIC not entitled to reserved seats: ECP

ISLAMABAD: The Election Commission of Pakistan (ECP) has stated that the conditions in Article 3 of the Constitution...

Updated 23 Jun, 2024 09:43am

‘Indecent remarks’ NA speaker suspends Mastikhel’s membership

ISLAMABAD: National Assembly (NA) Speaker Sardar Ayaz Sadiq suspended the membership of Sanaullah Khan Mastikhel of...

Updated 23 Jun, 2024 09:25am

JI announces countrywide protests against inflation, load shedding

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeemur Rehman has announced countrywide protests against costly electricity,...

Published 23 Jun, 2024 02:50am

Pakistan urges UNSC to push Taliban to halt TTP’s attacks

UNITED NATIONS: A top Pakistani diplomat has told the UN Security Council that, despite promises, the Taliban...

Published 23 Jun, 2024 02:50am

Opposition sees lack of transparency in Punjab budget

LAHORE: Ahmed Rashid Bhatti, a member of the opposition, while addressing the Punjab Assembly session on Saturday...

Updated 23 Jun, 2024 08:51am

Energy challenges

We no longer have the luxury to exist in an isolated ecosystem where we can pre-determine the effect of ...

Published 23 Jun, 2024 02:50am

Letters

‘Pakistan’s quest for BRICS membership’

This is apropos a Business Recorder op-ed “Pakistan’s quest for BRICS membership” carried by the newspaper...

Published 23 Jun, 2024 02:50am

‘May 9 cases’ Notice issued on post-arrest bail pleas of Qureshi

LAHORE: Anti-Terrorism Court on Saturday issued notices to the prosecution on post-arrest bail petitions of former...

Published 23 Jun, 2024 02:50am

NA: minister condemns Swat lynching incident

ISLAMABAD: Federal Minister for Planning Ahsan Iqbal strongly condemned the lynching of a man in Swat, lamenting how...

Published 23 Jun, 2024 02:50am

Govt to outsource sanitation system across Punjab

LAHORE: The Punjab government has decided to outsource the sanitisation system in the province and all the CEOs of...

Published 23 Jun, 2024 02:50am

21 shops sealed during operation against illegal petrol pumps

LAHORE: In a crackdown on illegal LPG shops and mini petrol pumps, the Lahore district administration on Saturday...

Published 23 Jun, 2024 02:50am

Commodities

Japanese rubber futures down

SINGAPORE: Japanese rubber futures fell on Friday, and posted a second consecutive weekly loss, as the contract...

Published 23 Jun, 2024 02:50am

Commodities

Euronext falls back to two-month low as supply pressure lingers

PARIS: European wheat futures ended lower on Friday to hold at a two-month low as supplies from northern hemisphere...

Published 23 Jun, 2024 02:50am

Energy

Oil prices ease on strong dollar, mixed global economic news

NEW YORK: Crude prices eased about 1% on Friday on worries that global oil demand growth could be hit by a strong US...

Published 23 Jun, 2024 02:50am

Commodities

Malaysian palm oil futures drop

JAKARTA: Malaysian palm oil futures fell on Friday, snapping two consecutive sessions of gain, weighed down by weak...

Published 23 Jun, 2024 02:50am

Commodities

Russia reseeded most frost-affected crop areas

MOSCOW: Harsh frost did not have a significant impact on grain harvest volumes as Russia was able to reseed most of...

Published 23 Jun, 2024 02:50am

Commodities

Copper resumes downtrend on supply overhang and weak demand

LONDON: Copper prices slipped on Friday on concern over surplus supplies and sluggish demand in leading metals...

Published 23 Jun, 2024 02:50am

Energy

US natgas prices fall ahead of storage report

NEW YORK: US natural gas futures held near a two-week low on Friday as the market waits for direction from what...

Published 23 Jun, 2024 02:50am

Commodities

Soybeans gain on US wet weather risk

CHICAGO Chicago Board of Trade soybean futures strengthened on Friday as some weather models showed heavy rain...

Published 23 Jun, 2024 02:50am

Commodities

Gold prices rise on Fed rate-cut bets; palladium jumps

BENGALURU: Gold prices were on track for their second straight weekly gain on Friday as demand strengthened amid...

Published 23 Jun, 2024 02:50am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Saturday, (June 22, 2024)...

Published 23 Jun, 2024 02:50am

Cotton & Textile

Steady business on cotton market

LAHORE: The local cotton market on Saturday remained steady and the trading volume remained satisfactory. Cotton...

Published 23 Jun, 2024 02:50am

Commodities

Severe drought forces corn farmers in China’s east to delay planting

JINAN, (China): After weeks of scorching heat and little rain, farmer Zhang Yunjing had no choice but to collect...

Published 23 Jun, 2024 02:50am

Commodities

Taiwan tenders to purchase wheat

HAMBURG: The Taiwan Flour Millers’ Association has issued an international tender to purchase an estimated 104,150...

Published 23 Jun, 2024 02:50am

Commodities

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 25.335 ...

Published 23 Jun, 2024 02:50am

Normal to above-normal rainfall in most parts of country likely

LAHORE: The Pakistan Meteorological Department (PMD) has predicted normal to above normal rainfall in most parts of...

Published 23 Jun, 2024 02:50am

Recovery of land revenue arrears invalid unless determined by court: LHC

LAHORE: The Lahore High Court (LHC) held that an amount cannot be recovered as arrears of land revenue unless it is...

Published 23 Jun, 2024 02:50am

KE maintains loadshed exemption for 70pc of network

KARACHI: KE continues loadshed exemption for 70% of its service territory. This was announced following a quarterly...

Published 23 Jun, 2024 02:50am

Pakistan displays carpet art at Tehran exhibition

TEHRAN: ECO member states displayed their carpet arts including Pakistani carpet designs during Economic Cooperation...

Published 23 Jun, 2024 02:50am

Teachers, researchers: APSUP, PAMI urge govt to restore tax rebate

ISLAMABAD: The Association of Private Sector Universities of Pakistan (APSUP) and the Association of Private Medical...

Published 23 Jun, 2024 02:50am

Alarm raised over proposed taxes on mobile handsets & telecom services

ISLAMABAD: The telecom industry raised alarms over the proposed imposition of taxes on mobile handsets and telecom...

Updated 23 Jun, 2024 05:53pm

Senate panel finalises proposals for changes in finance bill

ISLAMABAD: The Senate Standing Committee on Finance and Revenue, Saturday, finalised a set of recommendations for...

Updated 23 Jun, 2024 05:48pm

Tax measures to stoke inflation: Senate panel

ISLAMABAD: The Senate Standing Committee on Finance has expressed serious concerns over the proposed tax measures in...

Updated 23 Jun, 2024 03:16pm

Budget debate: MPs emphasise on export-led growth and tax reforms

ISLAMABAD: The lawmakers on Saturday emphasised on export-led growth, alternative sources of energy and tax reforms...

Updated 23 Jun, 2024 04:43pm

Budget: IMF hails ‘tough decisions’

Sources say Pakistan and Washington-based lender have made significant progress in their virtual negotiations

Updated 23 Jun, 2024 05:51pm

Purchase/lease of cars: FTO detects serious flaws in WHT deduction

ISLAMABAD: The Federal Tax Ombudsman (FTO) has detected serious flaws in withholding tax deduction on purchase/lease...

Updated 23 Jun, 2024 03:47pm

PTI leader demands army chief convene moot on security of Chinese citizens

ISLAMABAD: The opposition leader in National Assembly Omar Ayub Saturday said China’s latest warning to Pakistan to...

Updated 23 Jun, 2024 05:08pm

Counter-terrorism campaign: Operation ‘Azm-e-Istehkam’ launched

ISLAMABAD: Prime Minister Shehbaz Sharif has approved a reinvigorated and re-energised national counter-terrorism...

Updated 23 Jun, 2024 09:09am

The Red Sea challenge

EDITORIAL: Though many of those familiar with the Middle East’s central theatre of conflict would have factored in...

Published 23 Jun, 2024 02:50am

Forcibly displaced people

EDITORIAL: The numbers are shocking. According to a report released by the UN refugee agency, UNHCR, some 120 ...

Published 23 Jun, 2024 02:50am

Law and order in Sindh

EDITORIAL: The annual report of the Human Rights Commission of Pakistan (HRCP) on the State of Human Rights in 2023...

Published 23 Jun, 2024 02:50am

Taxes

Non-issuance of DO/NOC: FTO directs FBR to cancel shipping co’s licence

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to cancel or suspend the...

Published 23 Jun, 2024 02:50am

‘Sugar industry is facing challenges that impact its efficiency, profitability’

ISLAMABAD: Experts on Saturday said the sugar industry is facing several challenges that impact its efficiency and...

Published 23 Jun, 2024 02:50am

13.08m mobile handsets made locally during January-May

ISLAMABAD: The local manufacturing/ assembling plants manufactured/ assembled 13.08 million mobile handsets during...

Published 23 Jun, 2024 02:50am

Taxes

FTO directs FBR to ensure disposal of confiscated goods

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure disposal of ...

Published 23 Jun, 2024 02:50am

Money & Banking

PFA advocates strong governance, compliance measures for Raast

KARACHI: The Pakistan Fintech Association (PFA) is calling on all fintech companies, both regulated and...

Published 23 Jun, 2024 02:50am

Industry

Royalty arrangements: ABC asks govt to revisit disallowance decision

ISLAMABAD: The American Business Council of Pakistan (ABC) has strongly recommended to the government to reconsider...

Published 23 Jun, 2024 02:50am

Industry

Business community rejects hike in fixed charges of electricity

PESHAWAR: Members of the business community out-rightly rejected the recent unprecedented increase of 300 to 355...

Published 23 Jun, 2024 02:50am

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
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

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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