News Archives for Print - 2024-07-09

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Print - 2024-07-09

US seeks to boost scrutiny on property deals near military facilities

WASHINGTON: The United States plans to broaden oversight of foreigners’ real estate transactions on properties...

Published 09 Jul, 2024 07:21am

Europe

Russian missiles kill 31 in Ukraine, gut Kyiv children’s hospital

KYIV, (Ukraine): Russia struck cities across Ukraine on Monday with a missile barrage that killed 31 people and...

Published 09 Jul, 2024 07:19am

The Weather

KARACHI: The weather report on Monday (July 08, 2024) and the forecast for Tuesday (July 09, 2024)...

Published 09 Jul, 2024 07:16am

Europe

France faces coalition puzzle after left-wing surge in election

PARIS: The French left said it wanted to run the government but conceded on Monday that talks would be tough and ...

Published 09 Jul, 2024 07:15am

Samsung workers begin three-day general strike over pay

HWASEONG, (South Korea): Workers at South Korean tech giant Samsung began a three-day general strike over pay and...

Published 09 Jul, 2024 07:14am

Senate body informed: There’s huge shortage of nurses in country

ISLAMABAD: The Senate Standing Committee on National Health Services, Regulations, and Coordination was informed on...

Published 09 Jul, 2024 07:07am

Hesco vows to ensure uninterrupted supply during Muharram

HYDERABAD: A meeting was held between delegations of the central organization Azza Anjuman Haidari Kadamgah Maula...

Published 09 Jul, 2024 07:07am

Xi calls on world powers to help Russia, Ukraine ‘resume direct dialogue’

BEIJING: Chinese President Xi Jinping told Hungarian Prime Minister Viktor Orban on Monday that world powers should...

Published 09 Jul, 2024 07:06am

12 Syrian migrants among 14 found dead in Algeria desert

ALGIERS: Fourteen people, including 12 Syrian migrants, have been found dead in Algeria’s southern desert province...

Published 09 Jul, 2024 07:05am

Biden tells US Congress Democrats he won’t drop out

WASHINGTON: President Joe Biden said on Monday that he would not abandon his reelection campaign as he sought to...

Published 09 Jul, 2024 07:05am

9th May incident: Persons in military custody are being treated shabbily, SC told

ISLAMABAD: The Supreme Court was informed that the persons who are in military custody in the aftermath of the 9th...

Published 09 Jul, 2024 07:05am

Criteria for ATIR members: LHC seeks report from law ministry

ISLAMABAD: Lahore High Court (LHC) has directed Ministry of Law to submit a report on the constitution of benches ...

Published 09 Jul, 2024 07:04am

New Islamic year: Maryam felicitates nation

LAHORE: Punjab Chief Minister Maryam Nawaz has felicitated nation on beginning of new Islamic year. In a message, ...

Published 09 Jul, 2024 07:04am

Contempt of court proceedings: IHC issues notices to Pemra, FIA, PTA, others

ISLAMABAD: A full court of the Islamabad High Court (IHC), Monday, issued notices to the Pakistan Electronic Media...

Published 09 Jul, 2024 07:02am

Iddat case: Judge says he is bound by IHC’s schedule

ISLAMABAD: Additional District and Sessions judge Muhammad Afzal Majoka hearing the iddat case against Pakistan...

Published 09 Jul, 2024 07:02am

PCB conducts players’ fitness tests

LAHORE: Pakistan Cricket Board (PCB) is conducting fitness tests, for the first time ever in 104 districts across ...

Published 09 Jul, 2024 07:02am

Taxes

Need stressed to digitalise Customs appraisement system

KARACHI: Saquib Fayyaz Magoon, Acting President FPCCI said that Chief Collector of Customs Appraisement (South)...

Published 09 Jul, 2024 07:01am

Likely riverine floods: Sindh CM seeks contingency plan

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, in response to the Met Office forecast of above-average rains,...

Published 09 Jul, 2024 07:00am

CM approves ‘Roshan Gharana’ programme

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif, while approving in-principle ‘Roshan Gharana’ programme...

Published 09 Jul, 2024 07:00am

Punjab govt approves 7 uplift schemes

LAHORE: The Punjab government has approved seven development schemes, including the solarisation of agricultural ...

Published 09 Jul, 2024 07:00am

UVAS, PPA review poultry science conference arrangements

LAHORE: The University of Veterinary and Animal Sciences Lahore in collaboration with the Pakistan Poultry...

Published 09 Jul, 2024 06:59am

Govt announces to introduce fortified flour across Punjab

LAHORE: The Punjab government has announced the introduction of fortified flour across the province. The use of...

Published 09 Jul, 2024 06:58am

Federal govt urged to abolish health, education ministries

ISLAMABAD: The Senate Functional Committee on Devolution termed the recreation of Health and Education Ministries a...

Published 09 Jul, 2024 06:54am

Companies

PQGTL partners with DFML for motor takaful coverage

KARACHI: Pak-Qatar General Takaful Limited (PQGTL), a leading provider of Shariah-compliant General Takaful ...

Published 09 Jul, 2024 06:50am

Over 12,000 rescuers to perform duties during Muharram

LAHORE: Over 12,000 rescuers would be deployed during Muharram to provide rescue and medical cover to 1,029...

Published 09 Jul, 2024 06:43am

Since transactions done thru banking channel the same cannot be termed ‘fictitious’: appellate forum

LAHORE: A tax officer has failed to prove advance against shares as fictitious transactions transacted through...

Published 09 Jul, 2024 06:39am

Energy

Fesco spokesman explains billing system

FAISALABAD: The Faisalabad Electric Supply Company (Fesco) is billing on Pro-Rata basis programme in eight districts...

Published 09 Jul, 2024 06:39am

Punjab Livestock minister meets DG RVFC, discusses joint goals

LAHORE: Punjab Agriculture and Livestock Minister Syed Ashiq Hussain Kirmani met with Director General Remount...

Published 09 Jul, 2024 06:39am

‘Alleged rigging’ ET imposes fine on two PML-N MNAs

ISLAMABAD: The election tribunal that hears the cases of alleged foul play in general polls on three National...

Published 09 Jul, 2024 06:36am

Companies

CCP approves SoA for merger of SCL with JKSM

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a Scheme of Arrangement for the merger of M/s...

Published 09 Jul, 2024 06:33am

Taxes

Malik Khuda Bakhsh underscores need for broadening tax net

KARACHI: Malik Khuda Bakhsh, Convener of the FPCCI’s Energy Standing Committee and a senior leader in the ...

Published 09 Jul, 2024 06:30am

Energy

Tanveer urges Aurangzeb to reduce power tariff

LAHORE: Patron-in-Chief United Business Group (UBG) S M Tanveer has demanded Federal Finance Minister Senator...

Published 09 Jul, 2024 06:22am

Companies

Jazz made Farrukh as CFO, CEO MFH

ISLAMABAD: Jazz has appointed Farrukh Khan as its new Chief Financial Officer (CFO) and CEO of Micro-Finance ...

Published 09 Jul, 2024 06:21am

Aurangzeb meets Sir Michael Barber

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb had a meeting with the Founder and...

Published 09 Jul, 2024 06:15am

Urs of Shah Bhittai: Minister to provide facilities to visitors

KARACHI: Minister of Culture, Tourism, Antiquities and Archives Sindh Syed Zulfiqar Ali Shah has said that during...

Published 09 Jul, 2024 06:08am

‘Azadi March’ vandalism case: ATC fixes 29th for indictment of IK, Gandapur

ISLAMABAD: The Anti-Terrorism Court (ATC) on Monday fixed July 29 for the indictment of Pakistan Tehreek-e-Insaf...

Published 09 Jul, 2024 06:08am

ATC rejects IK’s plea for WhatsApp call with sons

RAWALPINDI: An Anti-Terrorism Court (ATC) on Monday rejected Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran...

Published 09 Jul, 2024 06:07am

Monsoon-related emergencies: Call for robust coordination among all stakeholders

ISLAMABAD: The first meeting of the Disaster Response Committee (DRC), constituted by the Prime Minister of ...

Published 09 Jul, 2024 06:00am

Dar briefed on railways development projects

ISLAMABAD: Foreign Minister Ishaq Dar on Monday received a comprehensive briefing on the railways development...

Published 09 Jul, 2024 05:57am

Elah, son allowed to travel abroad

LAHORE: The Lahore High Court on Monday directed the interior ministry to remove the names of PTI President Parvez...

Published 09 Jul, 2024 05:55am

LDA seals 15 residential properties

LAHORE: In an operation against illegal commercial buildings, the Lahore Development Authority has sealed over 15...

Published 09 Jul, 2024 05:50am

Luggage dispute: PIA country manager held in Bahrain

KARACHI: The country manager of Pakistan International Airlines (PIA) in Bahrain has been arrested by Bahraini...

Published 09 Jul, 2024 05:40am

TikTok removes 20mn Pak videos

KARACHI: TikTok took action against 20 million videos, in Pakistan, and removed them for breaching its community...

Updated 09 Jul, 2024 01:36pm

Agriculture is not the future of Pakistan

The argument that Pakistan is an agrarian economy is always reinforced by the agriculture sector’s significant...

Updated 09 Jul, 2024 07:42am

Outlook for FY25

The fiscal year, 2024-25, promises to be an eventful year. It will see early negotiations between the Government of...

Updated 09 Jul, 2024 07:39am

Israel grabs more land

EDITORIAL: As if to make a point, Israel has chosen this point in the Gaza genocide to approve its biggest land...

Published 09 Jul, 2024 05:31am

Rebellion by unregistered business entities

EDITORIAL: The stubborn resistance of the country’s unregistered sector to yet another attempt by the authorities...

Published 09 Jul, 2024 05:31am

Letters

‘Only some bold steps can help govt fix the economy’

This is apropos a Business Recorder op-ed “Only some bold steps can help govt fix the economy” carried by the...

Published 09 Jul, 2024 05:31am

Bifurcation of NTDC: a flawed plan?

A recent news flash about unbundling the National Transmission and Dispatch Company (NTDC) has left many wondering...

Updated 09 Jul, 2024 07:52am

Commodities

Gold prices down

KARACHI: The local gold prices on Monday saw a fall following a dip in the world bullion value, traders said. At...

Published 09 Jul, 2024 05:31am

Stocks

Fire at PSX successfully doused

KARACHI: Pakistan Stock Exchange (PSX) compound was affected by a fire on Monday at a broker’s office that caused...

Published 09 Jul, 2024 05:31am

Stocks

China’s yuan holds steady as PBOC plans to start new liquidity operations

SHANGHAI: China’s yuan held steady against the dollar on Monday as the central bank’s latest move to take more...

Published 09 Jul, 2024 05:31am

Stocks

Euro rebounds as France faces hung parliament, dollar dips

NEW YORK: The euro touched a more than three-week high against the dollar on Monday, recovering overnight losses as...

Published 09 Jul, 2024 05:31am

Stocks

Chips lift Nasdaq to record high

NEW YORK: Chip stocks boosted the Nasdaq on Monday, while the S&P 500 and the Dow edged lower as investors...

Published 09 Jul, 2024 05:31am

Stocks

European shares climb as investors undeterred despite French polls outcome

PARIS: European shares gained on Monday after erasing early losses as investors moved past the initial shock from...

Published 09 Jul, 2024 05:31am

Stocks

China stocks fall for fifth session

SHANGHAI: Mainland China and Hong Kong stocks ended lower on Monday, with a key index logging its fifth straight...

Published 09 Jul, 2024 05:31am

Stocks

Nikkei retreats from record high in choppy trading

TOKYO: Japan’s Nikkei share average retreated from a record intraday high on Monday, as investors took profits...

Published 09 Jul, 2024 05:31am

Energy

US natgas prices climb

NEW YORK: US natural gas futures climbed about 2% on Monday on forecasts for more demand next week than previously...

Published 09 Jul, 2024 05:31am

Commodities

Japanese rubber futures tumble

SINGAPORE: Japanese rubber futures tumbled to their lowest in nearly eight weeks on Monday, as a stronger yen and...

Published 09 Jul, 2024 05:31am

Commodities

Gold succumbs after US jobs-fuelled rally

BENGALURU: Gold slipped on Monday as investors booked profits after soft US jobs data fuelled prices to a more than ...

Published 09 Jul, 2024 05:31am

Commodities

Russian wheat export prices continue to fall amid new crop supply

MOSCOW: Russian wheat export prices continued to fall last week, supported by the arrival of the new crop on the...

Published 09 Jul, 2024 05:31am

Commodities

Iron ore falls on demand concerns, high stocks

BEIJING: Iron ore futures slid on Monday as weak demand and high inventories in top consumer China weighed on the ...

Published 09 Jul, 2024 05:31am

Commodities

Copper prices end steady

LONDON: Copper prices were steady on Monday as the market balanced a weaker dollar against persisting weak demand...

Published 09 Jul, 2024 05:31am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 175,852 tonnes of cargo comprising 114,754 tonnes of import cargo and 61,098...

Published 09 Jul, 2024 05:31am

Commodities

Chicago wheat, corn and soy down

HAMBURG: Chicago wheat futures fell on Monday on expectations that dry, hot weather will enable good US harvesting...

Published 09 Jul, 2024 05:31am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (July 08, 2024)...

Published 09 Jul, 2024 05:31am

Cotton & Textile

Spot rate slips in process of business activity

LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Monday decreased the spot rate by Rs 3,00...

Published 09 Jul, 2024 05:31am

Rates

LME official prices

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

Published 09 Jul, 2024 05:31am

Forex

Open market rates of foreign currencies

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

Published 09 Jul, 2024 05:31am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (July 08, 2024). ======================== Open Bid Rs...

Published 09 Jul, 2024 05:31am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (July 08, 2024)....

Published 09 Jul, 2024 05:31am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 08, 2024)....

Published 09 Jul, 2024 05:31am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (July 08, 2024)...

Published 09 Jul, 2024 05:31am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (July 08, 2024). ======================================= Offset ...

Published 09 Jul, 2024 05:31am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (July 08, 2024). ==================================== BR...

Published 09 Jul, 2024 05:31am

Money & Banking

Asian currencies: Indonesian rupiah, Thai baht gain

SHANGHAI: Taiwan stocks surged to a record high on Monday leading regional equities broadly higher, while currencies...

Published 09 Jul, 2024 05:31am

Companies

Telenor Pakistan unveils ‘Startup Mentors’ Network’

ISLAMABAD: Telenor Pakistan, a frontrunner in providing telecommunication services and digital solutions across the...

Published 09 Jul, 2024 05:29am

Punjab Government and Sir Michael Barber Forge Alliance for Educational and Sectoral Reforms

LAHORE: The Punjab Government and renowned education expert Sir Michael Barber have agreed to collaborate on...

Published 09 Jul, 2024 05:22am

UNHCR official Dar discuss Afghan refugees issues

ISLAMABAD: The United Nations High Commissioner for Refugees, Filippo Grandi, called on Deputy Prime Minister and...

Published 09 Jul, 2024 05:21am

Detailed judgment in response to reference: ‘Due process, fair trial not complied with’ in ZAB murder trial

ISLAMABAD: When the judges take an oath of allegiance to the dictators, the courts are no longer of the people, ...

Published 09 Jul, 2024 05:17am

There is a deficit of ‘positive politics’, says Bilawal

PESHAWAR: Chairman Pakistan Peoples Party, Bilawal Bhutto Zardari addressing a press conference said that he was...

Published 09 Jul, 2024 05:17am

Use of drones banned during processions and majalis

ISLAMABAD: Federal Minister for Interior Mohsin Naqvi chaired an important meeting regarding the maintenance of law...

Published 09 Jul, 2024 05:17am

South Asia

Four Indian soldiers killed in clashes in IIOJK

NEW DELHI: Four Indian soldiers were killed and at least six others were wounded in gun battles with Mujahideen in...

Published 09 Jul, 2024 04:59am

President directs completion of Kachhi Canal project within 18 months

ISLAMABAD: President Asif Ali Zardari on Monday directed the authorities concerned to ensure completion of the ...

Published 09 Jul, 2024 04:59am

Govt embarks on the path of rightsizing itself

Seeks information from five ministries about their actual and revised budget for 2023-24 and budget for 2024-25

Updated 09 Jul, 2024 09:33am

Bid to raise subsidy for protected power users: Further cut in FY25 PSDP likely

PM has also removed Additional Secretary Power Division Zafar Abbas, an officer of BS-21 of Secretariat Group, who was dealing with key affairs of the Power Division

Updated 09 Jul, 2024 12:44pm

Rates

Companies

PHDL declares Rs725 dividend after Regent Plaza sale

KARACHI: Pakistan Hotels Developers Limited (PHDL) has announced an interim cash dividend for the year ending June...

Updated 09 Jul, 2024 05:48am

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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