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 / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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