News Archives for Print - 2024-07-27

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Print - 2024-07-27

144 imposed in Punjab: Violators will be dealt with strictly: minister

LAHORE: In the light of terrorism concerns, Section 144 has been imposed in Punjab and anyone who violates the law...

Published 27 Jul, 2024 07:16am

‘Govt facilitating businessmen to achieve set exports target’

ISLAMABAD: The government is taking steps to facilitate the business community, thereby, enabling them to achieve ...

Published 27 Jul, 2024 07:16am

CM’s task force head visits PSDF

LAHORE: Chairperson CM Task Force on Skills Development, Adnan Afzal Chattha said that following the vision of the...

Published 27 Jul, 2024 07:16am

Opposition leader’s office stands vacant after SC verdict: PA Speaker

LAHORE: Punjab Assembly Speaker Malik Muhammad Ahmad Khan has said that the office of opposition leader stands ...

Published 27 Jul, 2024 07:16am

APNS greets new Info Secy

KARACHI: The All Pakistan Newspapers Society (APNS) has welcomed and congratulated Ambreen Jan on her appointment as...

Published 27 Jul, 2024 07:16am

CM approves tube-well solarisation project

LAHORE: “Reducing inflation and ensuring cleanliness in the province are at the top of my priorities,” said ...

Published 27 Jul, 2024 07:16am

Karachi’s coastline fast losing the shield of mangroves : WWF

KARACHI: The city’s coasts are fast losing mangroves shields as residential schemes and uplift projects erode into...

Published 27 Jul, 2024 07:16am

Affidavits of 3 SIC MNAs confiscated by police during raid?

ISLAMABAD: Three MNAs of Sunni Ittehad Council (SIC), who originally belong to PTI but are not included in the list...

Published 27 Jul, 2024 07:16am

FIA summons FBR Member Operations

ISLAMABAD: The Federal Investigation Agency has summoned the Federal Board of Revenue (FBR) Member Operations Mir...

Published 27 Jul, 2024 07:16am

Minister for adopting latest technologies

ISLAMABAD: Minister for Planning and Development Ahsan Iqbal has emphasised the need for adopting the latest...

Published 27 Jul, 2024 07:16am

SC asks govt to submit revised NEQS

ISLAMABAD: The Supreme Court directed the federal government and all the provincial governments to update the...

Published 27 Jul, 2024 07:16am

Further deepening reform comprehensively to advance Chinese modernisation

From July 15 to 18, the third plenary session of the 20th Central Committee of the Communist Party of China was held...

Published 27 Jul, 2024 07:16am

Jam discusses regional trade with ECO SG

ISLAMABAD: Commerce Minister Jam Kamal and Economic Cooperation Organization (ECO) Secretary General Ambassador...

Published 27 Jul, 2024 07:16am

Rescue scouts train 114 students

LAHORE: As many as 114 students from various schools, colleges and universities have been trained as life savers and...

Published 27 Jul, 2024 07:16am

Govt collects Rs518bn through e-Pay Punjab: PITB

LAHORE: The Punjab government has collected over Rs518 billion in tax revenue through e-Pay Punjab, an online...

Published 27 Jul, 2024 07:16am

Industry

Tractor industry faces crisis due to 10pc ST

LAHORE: The tractor manufacturing and parts industry faces a significant crisis, threatening the stability and ...

Published 27 Jul, 2024 07:16am

The Weather

KARACHI: The weather report on Friday (July 26, 2024) and the forecast for Saturday (July 27, 2024)...

Published 27 Jul, 2024 07:16am

JI sit-in: Red Zone sealed by ICT admin

ISLAMABAD: The Islamabad Capital Territory (ICT) administration on Friday sealed the Red Zone by placing containers...

Published 27 Jul, 2024 07:13am

BR staffer Rafi’s mother passes away

KARACHI: The mother of Business Recorder (BR) senior sub-editor Muhammad Rafi passed away yesterday after a ...

Published 27 Jul, 2024 07:11am

Rally in F-9 Park: IHC asks administration to decide PTI’s application

ISLAMABAD: The Islamabad High Court (IHC), Friday, directed the administration of the federal capital to decide...

Published 27 Jul, 2024 07:10am

Capacity payment agreements with IPPs: Govt could face severe business disruptions: UBG

KARACHI: Central President of the United Business Group, Zubair Tufail, has warned the government that if the...

Published 27 Jul, 2024 07:08am

Speaker for bridging gap between Parliament, masses

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq said that constitutional and parliamentary supremacy is the...

Published 27 Jul, 2024 07:06am

Syedna Mufaddal praises principal of St Patrick’s School

KARACHI: His Holiness Syedna Mufaddal Saifuddin, the spiritual leader of the Dawoodi Bohra community, graciously...

Published 27 Jul, 2024 07:04am

One-window facilities: 40 counters to work in BOI BFC: Aleem

ISLAMABAD: A Business Facilitation Center (BFC) being established under the banner of the Board of Investment (BOI),...

Published 27 Jul, 2024 07:00am

ATC extends physical remand of Arooj

LAHORE: An anti-terrorism court on Friday extended the physical remand of a woman suspect, Amina Arooj, in the...

Published 27 Jul, 2024 06:58am

Court refused physical remand of PTI worker

LAHORE: A city court on Friday refused physical remand of a PTI worker Aneela Riaz who assaulted a stage artist ...

Published 27 Jul, 2024 06:56am

Pakistan-Iran relations: Foreign policy experts hope Masoud will stay on positive course

ISLAMABAD: Foreign policy experts on Friday expressed the hope that the newly-elected Iranian President Dr Masoud...

Published 27 Jul, 2024 06:54am

‘CM's Children's Emergency Care Program’ launched in Punjab

LAHORE: Under the Chief Minister's Children's Emergency Care Program, the Punjab government has established...

Published 27 Jul, 2024 06:52am

Commodities

Gold prices climb

KARACHI: The local gold prices on Friday saw a sizeable gain with global bullion value inching up, traders said....

Published 27 Jul, 2024 06:18am

Energy

Electricity demand during peak hours registers ‘zero growth’: experts

LAHORE: Demand for electricity during the peak hours has registered zero growth during the last three years due to...

Published 27 Jul, 2024 06:18am

Cotton & Textile

Cotton market: spot rate decreased by Rs500 per maund

LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Friday decreased the spot rate by Rs 500...

Published 27 Jul, 2024 06:18am

IPPs: one of the most difficult conundrums

For decades the public at large has been agitating in futility against electricity tariff hikes and power cuts. This...

Updated 27 Jul, 2024 07:26am

Migration is a mirage

I know that in every young heart there is a desire to explore the world .For those who have never travelled there...

Updated 27 Jul, 2024 07:27am

Sins of the past

EDITORIAL: Surely, a senior Supreme Court (SC) justice speaks not just for himself but the entire judicial hierarchy...

Published 27 Jul, 2024 06:18am

Record-breaking heat

EDITORIAL: Climate change is driving up average world temperatures much beyond the Global Stock take assessment. ...

Published 27 Jul, 2024 06:18am

Letters

‘When did Noah build the Ark?’

This is apropos a Business Recorder op-ed “When did Noah build the Ark?” carried by the newspaper on Thursday....

Published 27 Jul, 2024 06:18am

Energy

Gas pipeline for industrial consumers: SAI praises SSGC

KARACHI: Members of SITE Association of Industry have highly appreciated laying of dedicated 24 inch dia, 31-KM long...

Published 27 Jul, 2024 06:18am

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 27 Jul, 2024 06:18am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (July 26,...

Published 27 Jul, 2024 06:18am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (July 26, 2024). ======================== Open Bid Rs...

Published 27 Jul, 2024 06:18am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (July 26, 2024)....

Published 27 Jul, 2024 06:18am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (July 26, 2024). ==================================== BR...

Published 27 Jul, 2024 06:18am

Companies

ABHI attends global conference in China

KARACHI: ABHI, an embedded finance platform, was honoured to be invited to participate in the 2024 Global Digital...

Published 27 Jul, 2024 06:18am

Industry

PFMA urges govt to notify wheat prices afresh

LAHORE: The Pakistan Flour Mills Association (PFMA-Punjab) has asked the food department of Punjab to notify the...

Published 27 Jul, 2024 06:18am

Taxes

Taxpayers face problems at e-Sahulat centres

KARACHI: The Sales tax registered taxpayers are encountering difficulties in obtaining biometric verification from...

Published 27 Jul, 2024 06:18am

Property valuations and market rates

EDITORIAL: About time the FBR (Federal Board of Revenue) directed its field formations to increase property ...

Updated 27 Jul, 2024 07:24am

Money & Banking

Meezan Bank, Haball sign referral arrangement agreement

KARACHI: Meezan Bank has entered into a referral arrangement with Haball Pvt Ltd, a premier digital payments...

Published 27 Jul, 2024 06:18am

Rates

Bears tighten grip

KARACHI: Pakistan Stock Exchange witnessed a bearish trend on the second consecutive day due to selling pressure on...

Published 27 Jul, 2024 06:16am

Refinery project: Sinopec, Aramco not satisfied with PSO data

ISLAMABAD: M/s Sinopec, China’s Petroleum Refineries Company, and Saudi giant, M/s Aramco, are reportedly not...

Updated 27 Jul, 2024 09:02am

Nepra tells KE: ‘Load-shedding only when necessary’

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has directed the K-Electric (KE) to carry out...

Updated 27 Jul, 2024 12:54pm

PTI postpones Islamabad protest until Monday

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) has announced the postponement of its planned protest in Islamabad,...

Published 27 Jul, 2024 06:16am

Taxes

Pakistan’s incidence of tax on salaried class 3 times higher than India’s: PBC

A comparison...

Published 27 Jul, 2024 06:16am

Pakistan rejects Modi’s belligerent remarks

ISLAMABAD: Pakistan, on Friday, rejected Indian Prime Minister Narendra Modi’s belligerent remarks and advised ...

Published 27 Jul, 2024 06:16am

Reserved seats: PTI submits list of 67 women, 11 minority candidates

ISLAMABAD: Days after Supreme Court of Pakistan set aside the Peshawar High Court and election commission verdicts...

Updated 27 Jul, 2024 09:36am

Gandapur says ‘won’t allow any operation’ in KP

PESHAWAR: Chief Minister Khyber Pakhtunkhwa Sardar Ali Amin Khan Gandapur, on Friday paid a visit to district Bannu...

Updated 27 Jul, 2024 09:25am

5-member JIT to probe PTI social media’s campaign

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday formed a five-member joint investigation team (JIT) to probe into...

Updated 27 Jul, 2024 09:18am

SECP survey: Digital insurance premiums show dismal picture

ISLAMABAD: The total premiums for insurance distributed through digital channels stood at Rs842 million in 2023...

Updated 27 Jul, 2024 09:17am

CPJ says deeply concerned at killing of BD journalists

NEW YORK: The Committee to Protect Journalists has called on Bangladesh authorities to investigate the killings of...

Published 27 Jul, 2024 06:16am

Revival of PSM nearly impossible, NA panel told

ISLAMABAD: The Ministry of Industries and Production secretary on Friday informed that it is virtually impossible to...

Updated 27 Jul, 2024 09:01am

Stocks

Dow leads Wall St revival after inflation data; tech stocks recoup losses

NEW YORK: Wall Street bounced back on Friday with the blue-chip Dow leading the charge as some megacap tech and chip...

Published 27 Jul, 2024 06:16am

Stocks

European shares end higher as earnings barrage impresses

PARIS: European shares closed higher on Friday, boosted by an earnings-driven advance across several sectors...

Published 27 Jul, 2024 06:16am

Stocks

Japan’s Nikkei rebounds from three-month low

TOKYO: Japan’s Nikkei share average traded higher on Friday, snapping a seven-day losing streak, as investors...

Published 27 Jul, 2024 06:16am

Terrorist killed in NWA IBO

RAWALPINDI: Security forces conducted an intelligence-based operation in North Waziristan District on reported...

Published 27 Jul, 2024 06:16am

SAU for joint research with China to combat Panama Wilt disease

HYDERABAD: Sindh Agriculture University (SAU) has proposed collaborative research effort with Chinese experts to...

Published 27 Jul, 2024 06:16am

LHC disposes of Bushra’s plea

LAHORE: The Lahore High Court on Friday disposed of a petition of Bushra Bibi the jailed wife of former PTI chairman...

Published 27 Jul, 2024 06:16am

Govt ready to hold talks with JI: Tarar

ISLAMABAD: Minister for Information, Broadcasting, Culture, and National Heritage Attaullah Tarar, on Friday,...

Published 27 Jul, 2024 06:16am

China briefed about govt-IMF engagements

BEIJING: Senator Muhammad Aurangzeb Minister for Finance and Revenue and Sardar Awais Ahmad Khan Leghari Minister...

Updated 27 Jul, 2024 10:11pm

Far behind $17.619bn annual target: $9.811bn borrowed from multiple financing sources in FY24

If IMF and UAE inflows are added, total inflows would reach $13.804 billion during fiscal year 2023-24 against target of $17.619 billion

Updated 27 Jul, 2024 10:11pm

NA panel told: China, KSA likely to roll over $9bn loans

ISLAMABAD: China and Saudi Arabia are likely to roll over $9 billion in loans to Pakistan in the current fiscal year...

Updated 27 Jul, 2024 11:47pm

G20 financial chiefs to flag global economic ‘soft landing’

RIO DE JANEIRO: G20 financial leaders will say on Friday there is a rising likelihood of a global economic “soft...

Published 27 Jul, 2024 06:16am

SBP widely seen cutting rates

KARACHI: Central bank will likely cut its key interest rate again on Monday in its first policy meeting following ...

Published 27 Jul, 2024 06:16am

Flood damaged houses in Sindh: ADB approves $400m concessional loan

ISLAMABAD: The Asian Development Bank (ADB) approved a $400 million concessional loan to support the reconstruction...

Published 27 Jul, 2024 06:16am

Pakistan, China discuss finance cooperation

BEIJING: China’s central bank governor Pan Gongsheng on Friday met with Pakistan’s Finance Minister Muhammad...

Published 27 Jul, 2024 06:16am

Weekly SPI inflation up 0.17pc

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended July 25, 2024, increased by 0.17 per...

Updated 27 Jul, 2024 08:44am

Money & Banking

Yen bags limelight with strongest week in 3 months

LONDON/SINGAPORE: The yen headed for its biggest weekly gain since late April on Friday as traders unwound long-held...

Published 27 Jul, 2024 06:16am

Money & Banking

Asian currencies: South Korean won, Indonesian rupiah slip

JAKARTA: Among currencies, the South Korean won and the Indonesian rupiah slipped around 0.3% and 0.2%, ...

Published 27 Jul, 2024 06:16am

Money & Banking

Indian rupee ends at record low

MUMBAI: The Indian rupee closed at an all-time low on Friday, pressured by strong dollar demand from local oil...

Published 27 Jul, 2024 06:16am

Companies

Zindigi launched industry-first real-time Advance Salary+ feature

KARACHI: Zindigi has launched the industry-first real-time Advance Salary+ feature, which offer up to 12-month loans...

Published 27 Jul, 2024 06:16am

Taxes

Salaried class: Tax rate hikes could undermine govt revenue: PRIME Plus

ISLAMABAD: The increase in income tax rates for salaried class will incentivize non-compliance and undermine the...

Published 27 Jul, 2024 06:16am

Industry

SBCA to set up help desk at NKATI

KARACHI: The Sindh Building Control Authority (SBCA) will introduce a one-window facility to address construction...

Published 27 Jul, 2024 06:16am

Teams sail down Seine in rain-soaked Olympics opening ceremony

PARIS: Thousands of Olympic competitors cruised down the River Seine in a spectacular opening ceremony for the Paris...

Published 27 Jul, 2024 05:45am

Fire in Karachi high-rise building

KARACHI: A fire broke out in a multi-story building here Friday, damaging a few offices. As per initial details, the...

Updated 27 Jul, 2024 07:02am

New wave of monsoon rains to drench country

KARACHI: A new wave of monsoon rains is set to drench the country from this Saturday night into next week, the Met...

Updated 27 Jul, 2024 07:10am

17 held following clash in two Bugti groups

KARACHI: Police sprung into action and arrested as many as 17 people in raids on Friday conducted at several...

Updated 27 Jul, 2024 07:15am

Industry

Kakar elected president of FPCCI’s think tank

LAHORE Pakistan’s business community on Friday elected former Prime Minister Anwar-ul-Haq Kakar as President of...

Updated 27 Jul, 2024 07:13am

Heavy rain in Lahore inundates low-lying areas

LAHORE: The provincial capital received heavy rain in the wee hours of Friday, which inundated low-lying areas and...

Updated 27 Jul, 2024 07:15am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	155.74
USD to Swiss Franc / Jan 17	0.91
Pound Sterling to USD / Jan 17	1.22

Stock	Volume
S&P 500 / Jan 16	5,937.34
Nasdaq / Jan 16	19,338.29
Dow Jones / Jan 16	43,153.13
India Sensex / Jan 17	76,671.81
Tokyo Nikkei / Jan 17	38,451.46
Hang Seng / Jan 17	19,567.81
FTSE 100 / Jan 17	8,477.94
Germany DAX 30 / Jan 17	20,852.83

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 16	18,785
Gold 10 Grams PKR / Jan 16	241,941
Crude Oil USD/Barrel / Jan 17	79.09
Gold Spot USD/Ounce / Jan 17	2,713.02
Cotton US¢/pound / Jan 17	67.05
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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