News Archives for Print - 2024-11-14

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Print - 2024-11-14

Red Line, Yellow Line BRT projects: Sharjeel directs authorities to expedite construction work

KARACHI: Sindh Senior Minister Sharjeel Inam Memon has directed the authorities to accelerate the construction work...

Published 14 Nov, 2024 08:47am

Cotton & Textile

NA body informed: Sharp decline in cotton cess collection witnessed

ISLAMABAD: The National Assembly Standing Committee on National Food Security and Research was informed on Wednesday...

Updated 18 Nov, 2024 07:47pm

26pc of population affected by disease: Pakistan ranks among highest globally for diabetes prevalence

ISLAMABAD: Pakistan ranks among the highest in the world for diabetes prevalence, with 26 percent of the population...

Published 14 Nov, 2024 08:45am

Pakistan set to roll out its first AI policy to boost cybersecurity

ISLAMABAD: The Ministry of IT and Telecom announced Pakistan is set to roll-out its first Artificial Intelligence...

Published 14 Nov, 2024 08:44am

Companies

Meezan Bank, CashNow to develop first digital Islamic supply chain finance product

KARACHI: Meezan Bank has entered into a strategic alliance with CashNow to develop Pakistan’s first digital ...

Published 14 Nov, 2024 08:41am

PIA to transport 35,000 intending pilgrims of govt Hajj scheme

KARACHI: PIA will transport 35,000 intending pilgrims under Government Hajj scheme to Saudi Arabia this year. An...

Published 14 Nov, 2024 08:39am

There’s need to prioritise mental health resources for diabetics: experts

KARACHI: Alarming findings from the International Diabetes Federation’s (IDF) latest survey has revealed that over...

Published 14 Nov, 2024 08:38am

Punjab govt reopens schools and colleges in Murree

LAHORE: The Punjab government has announced the reopening of public and private schools and colleges in Murree after...

Updated 14 Nov, 2024 08:59am

WCLA signs MoU with RUDA

LAHORE: To improve accessibility for tourists by establishing a streamlined and innovative route to the Shahdara...

Published 14 Nov, 2024 08:34am

Eng Younas assigned look after charge of MD NTDC

LAHORE: The Board of Directors of National Transmission and Despatch Company Limited (NTDC), in its 281st meeting...

Published 14 Nov, 2024 08:33am

Industrial use: Punjab proposes increase in water rates by amending rules

LAHORE: The Punjab government has proposed to increase water rates for industrial use after approving amendments to...

Published 14 Nov, 2024 08:32am

First fatality in 2024: Dengue claims young girl in Lahore

LAHORE: A 14-year-old girl has died of dengue fever complications here at a local public sector hospital. This was...

Published 14 Nov, 2024 08:30am

SCBA says 26th Amendment against ordinary citizens

ISLAMABAD: Supreme Court Bar Association (SCBA) Secretary Salman Mansoor, on Wednesday, condemned the recent 26th...

Published 14 Nov, 2024 08:28am

Pakistan-Australia T20I series set to start today

LAHORE: Mohammad Rizwan is set to lead Pakistan’s T20I team, becoming the 12th man to be in charge, after a...

Published 14 Nov, 2024 08:24am

Energy

Increase in petroleum products’ prices on the cards

ISLAMABAD: A significant increase in the prices of petroleum products is on the cards for the fortnight commencing...

Updated 14 Nov, 2024 11:09am

South Asia

India’s SC denounces demolitions of illegal properties

MUMBAI: India’s Supreme Court on Wednesday strongly criticised states which were demolishing properties of...

Published 14 Nov, 2024 08:18am

Review plea against apex court verdict: SC rules on Section 45B(2) of ST Act provisos

ISLAMABAD: The Supreme Court by majority declared that first and second provisos to Section 45B(2) of the Act are...

Published 14 Nov, 2024 08:16am

Four terrorists killed in Kech operation

ISLAMABAD: Pakistan security forces neutralized four terrorists, including a high-value target, in Balochistan’s...

Published 14 Nov, 2024 08:15am

Europe

Heated debate on Amsterdam violence in Dutch parliament

THE HAGUE: Dutch parliamentarians clashed Wednesday in a heated debate to discuss the attacks on Israeli fans after ...

Published 14 Nov, 2024 08:04am

USA

Republicans pick John Thune as new US Senate leader

WASHINGTON: The Republicans in the US Senate picked John Thune as the chamber’s new leader Wednesday as lawmakers...

Published 14 Nov, 2024 08:02am

Companies

Annual Report 2023: FFC honoured with Gold Awards

ISLAMABAD: Fauji Fertilizer Company Limited (FFC) continues to lead in financial reporting and corporate governance...

Published 14 Nov, 2024 07:58am

Proposed MRP fixation: PTA expresses strong reservations

KARACHI: The Pakistan Tea Association (PTA) has expressed strong reservations against the Federal Board of...

Published 14 Nov, 2024 07:57am

Companies

Spotify revenue surges to €4bn

KARACHI: Spotify’s financial performance continues to hold steady as well during the year with total revenue going...

Published 14 Nov, 2024 07:53am

Commodities

Gold prices regain on global market uptrend

KARACHI: The local gold prices regained ground on Wednesday, reflecting the global market uptrend, traders said. ...

Published 14 Nov, 2024 07:48am

Export diversification, import substitution opportunities exist: Consulting firm for addressing structural deficiencies

KARACHI: The experts have underscored the importance of addressing structural deficiencies and the need for...

Published 14 Nov, 2024 07:47am

Development bank financing pledge gives summit early boost

BAKU: COP29 negotiators welcomed a pledge by major development banks to lift funding to poor and middle-income...

Published 14 Nov, 2024 07:45am

Letters

There’s a context to ‘unusual’ IMF talks

This is apropos a Business Recorder news item titled “IMF team holds ‘unusual’ talks over USD7 billion...

Published 14 Nov, 2024 07:40am

Islamic banking operations: Senate body to call CII scholars

ISLAMABAD: Senate Standing Committee on Finance and Revenue Wednesday decided to call scholars of Council of Islamic...

Updated 14 Nov, 2024 09:04am

FBR introduces new payment creation system

ISLAMABAD: The Federal Board of Revenue (FBR) introduced the New Payment Creation System, an advanced platform...

Updated 14 Nov, 2024 09:26am

A royal bond

Media stories about the possibility of King Charles’ South Asian visit next year that may bring him to Pakistan have...

Published 14 Nov, 2024 06:37am

The Weather

KARACHI: The weather report on Wednesday (November 13, 2024) and the forecast for Thursday (November 14, 2024)...

Published 14 Nov, 2024 06:33am

Europe

Russia’s growth dips as inflation weighs on economy

MOSCOW: Russia’s growth slowed in the third quarter, official statistics published Wednesday showed, with high...

Published 14 Nov, 2024 06:33am

Sindh CM, federal minister discuss issues facing fishermen

KARACHI: Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Maritime Qaiser Shaikh, during their...

Updated 14 Nov, 2024 09:00am

Selected areas of Hyderabad: Holiday announced for LG by-elections today

HYDERABAD: The Election Commission of Pakistan (ECP) has declared Thursday, November 14, 2024, as a holiday in...

Published 14 Nov, 2024 06:33am

Cold weather likely to grip upcountry

KARACHI: The Met Office heralded a seasonal shift to cold weather for the upcountry with rain and snowfall, besides...

Published 14 Nov, 2024 06:33am

Poland opens long-awaited US missile base

REDZIKOWO (Poland): Polish and American officials on Wednesday opened a US missile base in northern Poland ...

Published 14 Nov, 2024 06:33am

Saudi Arabia replaces CEO of futuristic mega-city NEOM

RIYADH: Saudi Arabia announced Tuesday that it was replacing the chief executive of its futuristic mega-city NEOM as...

Published 14 Nov, 2024 06:33am

PTI leader urges SC to set aside IHC verdict

ISLAMABAD: A Pakistan Tehreek-e-Insaf (PTI) leader prayed to the Supreme Court to set aside the judgment of the...

Published 14 Nov, 2024 06:33am

Media workers: NA body says concerned at non-payment of salaries, retrenchment

ISLAMABAD: The National Assembly’s Standing Committee on Information and Broadcasting voiced strong concern on...

Published 14 Nov, 2024 06:33am

Islamabad’s air quality is currently under control: CDA

ISLAMABAD: The Chairman of the Capital Development Authority (CDA) and Chief Commissioner, Muhammad Ali Randhawa, on...

Published 14 Nov, 2024 06:33am

Renaming of Islamabad Airport: NA panel concerned at non-implementation of resolution

ISLAMABAD: A parliamentary panel on Wednesday expressed grave concern over the non-implementation of a National...

Published 14 Nov, 2024 06:33am

NA body takes notice of eviction of widow from govt accommodation

ISLAMABAD: The Senate Standing Committee on Housing and Works took notice of depriving a widow of a government...

Published 14 Nov, 2024 06:33am

Rates

LME official prices

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

Published 14 Nov, 2024 06:33am

PARTLY FACETIOUS: The Brown Pope’s decision

“I propose Nishan-e-Haider, the highest military award, for the Brown Pope.” “He is not in the military has never...

Updated 14 Nov, 2024 06:54am

No surprise in the surprise visit

The only surprise in the IMF team’s surprise visit to Pakistan this week was that it took the trouble to jolt the...

Updated 14 Nov, 2024 07:15am

Democracy under attack

Despite its shortcomings democracy is widely hailed as the best-known system of governance known to mankind. It...

Published 14 Nov, 2024 06:33am

Stocks

Nikkei falls after last week’s rally

TOKYO: Japan’s Nikkei share average ended lower on Wednesday as investors sold stocks in the backdrop of the...

Published 14 Nov, 2024 06:33am

Stocks

China stocks rebound; HK pares losses as investors digest Trump cabinet

HONG KONG: China stocks pared losses to close higher on Wednesday, lifted by gains in telecom companies. Hong Kong...

Published 14 Nov, 2024 06:33am

Stocks

European shares edge lower as energy gains offset real estate

FRANKFURT: European shares ended Wednesday on a dour note, with the STOXX 600 closing at a three-month low as rising...

Published 14 Nov, 2024 06:33am

Stocks

Dow, S&P 500 edge higher after inflation data

NEW YORK: The S&P 500 and the Dow edged higher on Wednesday after in-line consumer price inflation data kept the...

Published 14 Nov, 2024 06:33am

Climate change: Previous financial pledges yet to materialise: PM

BAKU: Prime Minister Shehbaz Sharif on Wednesday sensitizing the global community on the risks posed by climate...

Published 14 Nov, 2024 06:33am

IK gives final call for anti-govt march

RAWALPINDI: Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan on Wednesday gave the final call for a large-scale...

Published 14 Nov, 2024 06:33am

Sec 144 violation: IK, others acquitted

ISLAMABAD: A local court, on Wednesday, acquitted Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan and...

Published 14 Nov, 2024 06:33am

Meta supports creators in Karachi to inspire new wave of content

KARACHI: Meta connected with content creators in Karachi through various engagements starting with an event that...

Published 14 Nov, 2024 06:33am

NAVTTC chief meets BISP chairperson

ISLAMABAD: Chairperson of the National Vocational and Technical Training Commission (NAVTTC) Gulmina Bilal visited...

Published 14 Nov, 2024 06:33am

Non issuance of visa by Dubai: Panel fails to speak a single word

ISLAMABAD: In what appears to be an unprecedented admission of helplessness, a parliamentary panel on Wednesday...

Updated 14 Nov, 2024 11:30am

PFA shuts two food points over violations

LAHORE: The Punjab Food Authority (PFA) has shut down two production units and imposed hefty fines on two others ...

Published 14 Nov, 2024 06:33am

Plea seeking minimum salary of $1,000 per month filed

LAHORE: A citizen has approached the Lahore High Court (LHC) to fix a minimum salary at $1,000 a month across...

Published 14 Nov, 2024 06:33am

PRA launches major inspection drive in restaurants

LAHORE: The Punjab Revenue Authority (PRA) has intensified its efforts to ensure tax compliance in Lahore’s...

Published 14 Nov, 2024 06:33am

Prosperity returning to Pakistan: Azma

LAHORE: Punjab Information Minister Azma Bokhari has said that the political birth of Pakistan Tehreek-e-Insaf (PTI)...

Published 14 Nov, 2024 06:33am

Clean drinking water: Alkhidmat Foundation, Japanese govt ink MoU

LAHORE: In a significant step toward enhancing access to clean drinking water in Pakistan’s industrial regions,...

Published 14 Nov, 2024 06:33am

ATC extends physical remand of Sara Khan

LAHORE: An Anti-Terrorism Court on Wednesday extended for next six days the physical remand of a tiktoker Sara Khan...

Published 14 Nov, 2024 06:33am

CBCare mobile app, portal launched in Cantonment Areas

KARACHI: In line with the Government of Pakistan’s Digital Pakistan Policy and the mission of the Military Lands...

Published 14 Nov, 2024 06:33am

Cheema granted post-arrest bail

LAHORE: The Lahore High Court on Wednesday granted post-arrest bail to PTI leader Musarrat Jamshed Cheema in a case...

Published 14 Nov, 2024 06:33am

First-ever ‘Transgender Education Policy’ draft approved

KARACHI: Pakistan’s first-ever “Transgender Education Policy” draft was approved in a meeting chaired by...

Published 14 Nov, 2024 06:33am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (November 13, 2024) . =======================================...

Published 14 Nov, 2024 06:33am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (November 13, 2024)...

Published 14 Nov, 2024 06:33am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 13, 2024) ....

Published 14 Nov, 2024 06:33am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (November 13, 2024) ....

Published 14 Nov, 2024 06:33am

Forex

Dollar's rate in Interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (November 13, 2024) . ======================== Open ...

Published 14 Nov, 2024 06:33am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (November 13, 2024) . ====================================...

Published 14 Nov, 2024 06:33am

Forex

Open market rates of foreign currencies

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

Published 14 Nov, 2024 06:33am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (November 13, 2024). ========================== ...

Published 14 Nov, 2024 06:33am

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 14 Nov, 2024 06:33am

Commodities

Malaysian palm oil slips

JAKARTA: Malaysian palm oil futures fell for a second session in a row on Wednesday, dragged down by the heavy ...

Published 14 Nov, 2024 06:33am

Cotton & Textile

Modest business on cotton market

LAHORE: The local cotton market on Wednesday remained steady and the trading volume remained a little bit low....

Published 14 Nov, 2024 06:33am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (November 13, 2024)...

Published 14 Nov, 2024 06:33am

Energy

Oil slips towards 2-week low

NEW YORK: Oil prices slipped on Wednesday, trading near their lowest in two weeks, a day after OPEC lowered global...

Published 14 Nov, 2024 06:33am

Commodities

Gold rises from 2 months low ahead of US inflation data

NEW YORK: Gold prices rose on bargain buying on Wednesday after the metal dropped to its lowest in nearly two months...

Published 14 Nov, 2024 06:33am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 29.444 billion...

Published 14 Nov, 2024 06:33am

Commodities

Japanese rubber futures down

SINGAPORE: Japan’s rubber futures fell for a fourth session on Wednesday, as tariff threats from US ...

Published 14 Nov, 2024 06:33am

Commodities

EU wheat prices fall

LONDON: European wheat prices fell on Wednesday, with continued stiff competition from Russia and Ukraine ...

Published 14 Nov, 2024 06:33am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 157,698 tonnes of cargo comprising 112,639 tonnes of import cargo and 45,059...

Published 14 Nov, 2024 06:33am

Rates

Equities climb higher

KARACHI: Pakistan Stock Exchange on Wednesday witnessed mixed trend and remained oscillating in positive and ...

Published 14 Nov, 2024 06:33am

Energy

SSGC launches 2024-25 winter safety awareness campaign

KARACHI: Sui Southern Gas Company has launched its 2024-25 Winter Safety Awareness campaign in a session that was...

Published 14 Nov, 2024 06:33am

Adani Group to invest $10bn in US energy following Trump win

BENGALURU: India’s Adani Group will invest $10 billion in US energy security and infrastructure projects, aiming ...

Published 14 Nov, 2024 06:33am

Taxes

FTO disposes of 2,747 consignments of goods

ISLAMABAD: On the directives of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue (FBR) has disposed of...

Published 14 Nov, 2024 06:33am

Relief under ‘winter package’ should be extended to SMEs: FPCCI

KARACHI: Qurrat Ul Ain, Acting President of FPCCI, while appreciating the federal government’s winter package for...

Published 14 Nov, 2024 06:33am

Pakistan-Poland trade approaches $1bn mark: envoy

ISLAMABAD: Poland and Pakistan continue to work for the development of our bilateral relation as trade between the...

Published 14 Nov, 2024 06:33am

Commodities

Copper hits two-month low

LONDON: Copper prices hit a two-month low on Wednesday as the dollar held firm and weak demand prospects in top...

Published 14 Nov, 2024 06:33am

Commodities

Iron ore futures up

SINGAPORE: Iron ore futures edged higher for the second straight session on Wednesday, as hopes of further fiscal...

Published 14 Nov, 2024 06:33am

An initial audit by IMF?

EDITORIAL: Confirmed reports suggest that the visiting International Monetary Fund (IMF) mission met Finance...

Updated 14 Nov, 2024 07:08am

Divorced from reality

EDITORIAL: Once again Prime Minister Shehbaz Sharif has made a politically correct statement that did not turn out ...

Updated 14 Nov, 2024 07:10am

Money & Banking

Bitcoin rises above $90,000 on Trump euphoria

DUBAI: Bitcoin charged past the $90,000 level on Wednesday, as its relentless rally showed no signs of easing on...

Published 14 Nov, 2024 06:33am

Money & Banking

Asian currencies: Malaysian ringgit at 3-month low

BENGALURU: Malaysia’s ringgit was the major loser on Wednesday among broadly muted emerging Asian peers as its...

Published 14 Nov, 2024 06:33am

Money & Banking

Dollar advances near 7-month peak

NEW YORK: The US dollar advanced near a seven-month high against major currencies on Wednesday after data showed US...

Published 14 Nov, 2024 06:33am

Money & Banking

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 27	278.95
USD PKR Interbank Buying / Jan 27	278.80
USD to Japanese Yen / Jan 27	154.64
USD to Swiss Franc / Jan 27	0.90
Pound Sterling to USD / Jan 27	1.25
Euro to USD / Jan 27	1.05

Stock	Volume
S&P 500 / Jan 24	6,101.24
Nasdaq / Jan 24	19,954.30
Dow Jones / Jan 24	44,424.25
India Sensex / Jan 27	75,346.55
Tokyo Nikkei / Jan 27	39,565.80
Hang Seng / Jan 27	20,197.77
FTSE 100 / Jan 27	8,485.58
Germany DAX 30 / Jan 27	21,124.29

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 24	18,485
Gold 10 Grams PKR / Jan 24	248,285
Crude Oil USD/Barrel / Jan 27	74.82
Gold Spot USD/Ounce / Jan 27	2,763.59
Cotton US¢/pound / Jan 27	67.70
Petrol/Litre / Jan 28	256.13

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd (Pref) / Jan 27 Chenab Limited (Pref)(CLCPS)	3.93 ▲ 0.49 (14.24%)
Chenab Ltd / Jan 27 Chenab Limited(CHBL)	8.57 ▲ 1 (13.21%)
B. F. Mod. / Jan 27 B.F. Modaraba(BFMOD)	8.39 ▲ 0.89 (11.87%)
Sanghar Sugar / Jan 27 Sanghar Sugar Mills Limited(SANSM)	25.36 ▲ 2.31 (10.02%)
Leather Up Ltd. / Jan 27 Leather Up Limited(LEUL)	36.70 ▲ 3.34 (10.01%)
Shahtaj Sugar / Jan 27 Shahtaj Sugar Mills Limited(SHJS)	113.69 ▲ 10.34 (10%)
At-Tahur Ltd. / Jan 27 At-Tahur Limited(PREMA)	25.85 ▲ 2.35 (10%)
Archroma Pak / Jan 27 Archroma Pakistan Limited(ARPL)	478.56 ▲ 43.51 (10%)
Saritow Spinning / Jan 27 Saritow Spinning Mills Limited(SSML)	12.24 ▲ 1.11 (9.97%)

Stock	Price
LSE Financial Serv. / Jan 27 LSE Financial Services Limited(LSEFSL)	17.52 ▼ -1.95 (-10.02%)
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	39.53 ▼ -4.39 (-10%)
Hussain Industries / Jan 27 Husein Industries Limited(HUSI)	28.50 ▼ -3.14 (-9.92%)
Arctic Textile / Jan 27 Arctic Textile Mills Limited(ARCTM)	18.90 ▼ -2.08 (-9.91%)
Apna Microfin. / Jan 27 Apna Microfinance Bank Limited(AMBL)	10.09 ▼ -1.1 (-9.83%)
National Silk / Jan 27 The National Silk & Rayon Mills Limited(NSRM)	50 ▼ -5.44 (-9.81%)
Gammon Pak / Jan 27 Gammon Pakistan Limited(GAMON)	38 ▼ -4.04 (-9.61%)
Unicap Modaraba / Jan 27 Unicap Modaraba(UCAPM)	2.57 ▼ -0.27 (-9.51%)
Synthetic Prod / Jan 27 Synthetic Products Enterprises Limited(SPEL)	41 ▼ -4.06 (-9.01%)

Stock	Volume
Cnergyico PK / Jan 27 Cnergyico PK Limited(CNERGY)	61,454,571 ▼ -0.13
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	57,677,562 ▼ -4.39
WorldCall Telecom / Jan 27 Worldcall Telecom Limited(WTL)	33,767,457 ▼ -0.06
The Searle Co. / Jan 27 The Searle Company Limited(SEARL)	26,713,969 ▼ -5.54
Pak Elektron / Jan 27 Pak Elektron Limited(PAEL)	22,757,545 ▲ 0.67
Fauji Cement / Jan 27 Fauji Cement Company Limited(FCCL)	20,797,108 ▼ -0.46
Citi Pharma Ltd / Jan 27 Citi Pharma Ltd.(CPHL)	18,489,077 ▼ -6.73
P.T.C.L. / Jan 27 Pakistan Telecommunication Company Ltd(PTC)	18,264,183 ▲ 0.82
Ghani Chem. Ind. / Jan 27 Ghani Chemical Industries Limited(GCIL)	17,202,553 ▲ 0.67

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