News Archives for Print - 2024-12-31

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Print - 2024-12-31

President directs relief of Rs24.136m to bank fraud victims

ISLAMABAD: President Asif Ali Zardari has directed six banks to provide financial relief amounting to Rs24.136...

Published 31 Dec, 2024 08:13am

IHC upholds PTA’s order for Zong to reimburse over Rs2bn to customers

ISLAMABAD: The Islamabad High Court (IHC) has upheld the Pakistan Telecommunication Authority (PTA)’s order for...

Published 31 Dec, 2024 08:12am

LCCI condoles death of Arshad Zuberi

LAHORE: The Lahore Chamber of Commerce & Industry has expresses its deepest sorrow over the passing of Arshad A...

Published 31 Dec, 2024 08:10am

Six dead, 15 injured in road accident

NAUSHEHRO FEROZE: At least six people were dead and 15 others sustained injuries in a tragic accident between a...

Published 31 Dec, 2024 08:08am

Year 2024: Maryam lays foundation of betterment in education sector

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif has laid the foundation for improvement in education sector in the...

Published 31 Dec, 2024 08:06am

Digital tech vital tool for good governance: planning minister

LAHORE: Federal Minister for Planning, Development & Special Initiatives Ahsan Iqbal has said that the rule of...

Published 31 Dec, 2024 08:05am

‘Maryam Kee Dastak’ expanded to 40 districts

LAHORE: The “Maryam Kee Dastak” programme has been expanded to 40 districts across the province offering over 70...

Published 31 Dec, 2024 08:04am

NA body asks SLIC to spend 1pc of profit on people’s welfare

ISLAMABAD: The National Assembly Standing Committee on Commerce which met with Jawed Hanif Khan in the chair ...

Published 31 Dec, 2024 08:03am

Bazai reinstated as MNA

ISLAMABAD: Over a fortnight after the Supreme Court struck down the ECP’s order to de-seat Adil Khan Bazai from ...

Published 31 Dec, 2024 08:01am

Aleema says IK seeks no deal, no foreign intervention

ISLAMABAD: The incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman, Imran Khan, on Monday, made it clear...

Published 31 Dec, 2024 08:00am

Tragic bus accident claims 10 lives

FATEH JANG: At least 10 people were killed in a tragic bus accident near Punjab’s Fateh Jang area. According to...

Published 31 Dec, 2024 07:59am

Agri experts urged to work for ensuring food security

FAISALABAD: The agricultural scientists and experts must enhance their efforts to ensure food security to meet the...

Published 31 Dec, 2024 07:57am

Balloting held under 'Apni Chhat Apna Ghar' program

LAHORE: Punjab Housing Minister Bilal Yasin has said that the coming year would bring another gift from Punjab Chief...

Published 31 Dec, 2024 07:56am

Remembering Arshad Zuberi

I joined Business Recorder as Head of Research back in 2009, perceiving the position to be a stepping stone to a...

Updated 31 Dec, 2024 01:19pm

Bhagat Singh gallery opened in Poonch House

LAHORE: Chief Secretary Punjab Zahid Akhtar Zaman inaugurated the Bhagat Singh Gallery at the Poonch House on ...

Published 31 Dec, 2024 07:44am

BISP Chairperson meets VP PAA

ISLAMABAD: BISP Chairperson Rubina Khalid met Ali Murtaza, Vice President of the Pakistan Association of Australia,...

Published 31 Dec, 2024 07:43am

CM launches historic initiatives in one year: Azma Bokhari

LAHORE: Punjab Information Minister Azma Bokhari said on Monday that historic initiatives have been launched by the...

Published 31 Dec, 2024 07:41am

Industry

Dar reviews progress of Aviation ministry

ISLAMABAD: The Deputy Prime Minister/Foreign Minister Ishaq Dar chaired a meeting on Monday, regarding outsourcing ...

Published 31 Dec, 2024 07:40am

KP govt to organize mass weddings for deserving girls

PESHAWAR: The provincial government of Khyber Pakhtunkhwa has decided to organize collective wedding ceremonies for...

Published 31 Dec, 2024 07:39am

MDCAT re-conducted for over 12,000 students

ISLAMABAD: The Shaheed Zulfiqar Ali Bhutto Medical University (SZABMU) with the technical support of the Pakistan...

Published 31 Dec, 2024 07:35am

Minister appreciates Qatar Islamic School

LAHORE: Punjab Finance Minister, Mian Mujtaba Shuja-ur-Rehman, graced the first annual ceremony of Qatar Islamic...

Published 31 Dec, 2024 07:34am

Moot highlights importance of CPEC

HYDERABAD: Sindh Agriculture University (SAU) Tando Jam, in partnership with the Higher Education Commission (HEC)...

Published 31 Dec, 2024 07:33am

PM stresses need for enhancing tech integration within health sectors

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday stressed the need for enhancing technological integration within...

Published 31 Dec, 2024 07:31am

Taxes

‘Tax Laws (Amendment) Act’ has failed to achieve its objectives: PTBA

ISLAMABAD: The objective of the Tax Laws (Amendment) Act, 2024, for streamlining the tax appeal system under tax ...

Published 31 Dec, 2024 07:29am

Companies

JazzCash launches BNPL, alternative to credit cards

ISLAMABAD: JazzCash has launched Buy Now, Pay Later (BNPL) a convenient alternative to traditional credit cards. The...

Published 31 Dec, 2024 07:28am

Industry

TDAP’s Swat Trade Show concludes

MINGORA: The Trade Development Authority of Pakistan (TDAP) organized Swat Trade Show 2024, from December 28-29,...

Published 31 Dec, 2024 07:26am

Companies

Amalgamation: FFBL delisted from PSX

KARACHI: As a result of merger/ amalgamation of Fauji Fertilizer Bin Qasim Limited (FFBL) with and into Fauji...

Published 31 Dec, 2024 07:25am

Clifton Popular win KTPL trophy

KARACHI: The fourth season of the Karachi Tape ball Premier League (KTPL) came to a thrilling end at DHA Moin Khan...

Published 31 Dec, 2024 07:24am

‘Lifetime Achievement Awards’ presented to veteran referees

LAHORE: A farewell ceremony was held in honour of senior referees from District Lahore, organized by the Lahore...

Published 31 Dec, 2024 07:22am

PARTLY FACETIOUS: What is the way forward for Netanyahu?

“Bibi files…” “Yes they detail Netanyahu’s corruption ranging from accepting very expensive gifts ...

Updated 31 Dec, 2024 08:37am

Govt-opposition talks to resume on Thursday

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq has called for the second meeting of the government and...

Published 31 Dec, 2024 06:32am

PM condoles death

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday expressed deep grief and sorrow over the sad passing away of...

Published 31 Dec, 2024 06:32am

Use of tech in healthcare sector giving good results: PM

ISLAMABAD: Prime Minister Shehbaz Sharif has stated that the use of technology is being increased in all health...

Published 31 Dec, 2024 06:32am

Urgent need for viable reforms in country’s healthcare sector: NA Health Committee

ISLAMABAD: The National Assembly Standing Committee on National Health Services and Regulation, Monday, while...

Published 31 Dec, 2024 06:32am

Sadiq briefs PM over Afghan’s visit

ISLAMABAD: Pakistan’s special representative on Afghanistan Muhammad Sadiq Khan on Monday called on Prime Minister...

Published 31 Dec, 2024 06:32am

PPP for a TRC for economic, political stability

ISLAMABAD: Pakistan People’s Party (PPP) said that there is need to establish the Truth and Reconciliation...

Published 31 Dec, 2024 06:32am

JI seeks 50pc cut in petrol levy

KARACHI: City Chief of Jamaat-e-Islami, Monem Zafar Khan on Monday urged the government to implement a 50 percent ...

Published 31 Dec, 2024 06:32am

Africa

Kenya detains protesters rallying against abductions

NAIROBI: Kenyan police forcibly detained dozens of demonstrators and a senator, AFP witnessed Monday, firing tear ...

Published 31 Dec, 2024 06:32am

US and foreign leaders praise Jimmy Carter’s legacy

WASHINGTON: Joe Biden led US presidents and other world leaders in paying tribute to Jimmy Carter, who died aged ...

Published 31 Dec, 2024 06:32am

Europe

Germany accuses Musk of trying to influence its election

BERLIN: The German government accused US billionaire Elon Musk on Monday of trying to influence its election due in...

Published 31 Dec, 2024 06:32am

Five years on, WHO urges China to share Covid origins data

GENEVA: The World Health Organization on Monday implored China to share data and access to help understand how...

Published 31 Dec, 2024 06:32am

Prospects for 2025

The year 2025 will come after a year which has witnessed both positive and negative trends. The GDP growth rate has...

Updated 31 Dec, 2024 07:02am

Happy New Year?

This, they say traditionally, is the turn-of-the-year season to be jolly. But even a cursory glance at the...

Updated 31 Dec, 2024 07:06am

Letters

‘The Dhaka debacle’

This is apropos a Business Recorder op-ed with the headline “The Dhaka debacle” carried by the newspaper recently....

Updated 31 Dec, 2024 07:18am

One more polio case confirmed; 2024 tally rises to 68

ISLAMABAD: Pakistan has reported 68th poliovirus case of 2024 as the Regional Reference Laboratory (RFL) for polio...

Published 31 Dec, 2024 06:32am

Strategies on wealth management in uncertain times

The Asset management groups, in a recent move, are racing to pivot into opaque but lucrative regimes of private...

Updated 31 Dec, 2024 07:13am

PM celebrates PML-N’s Foundation Day

ISLAMABAD: Prime Minister Shehbaz Sharif celebrated the Pakistan Muslim League’s Foundation Day on Monday, ...

Published 31 Dec, 2024 06:32am

Protest sit-ins continue

KARACHI: Majlis Wahdat-e-Muslimeen (MWM) on Saturday reiterated its basic demands including reopening of roads to...

Published 31 Dec, 2024 06:32am

Condolence

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif expressed a deep sense of grief over the sad demise of Deputy ...

Published 31 Dec, 2024 06:32am

LHC again directs all schools to get buses registered

LAHORE: The Lahore High Court (LHC) on Monday observed that private schools are minting lot of money but not...

Published 31 Dec, 2024 06:32am

IHC fixes contempt plea against PTI for hearing

ISLAMABAD: The Islamabad High Court (IHC) on Monday fixed a contempt of court petition for hearing on January 16 ...

Published 31 Dec, 2024 06:32am

JI pledges to continue support for Kashmiri people

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem-ur-Rehman has reaffirmed the party’s unwavering support for the...

Published 31 Dec, 2024 06:32am

The Weather

KARACHI: The weather report on Monday (December 30, 2024) and the forecast for Tuesday (December 31, 2024)...

Published 31 Dec, 2024 06:32am

Rates

Extremely bullish trend on PSX

KARACHI: Pakistan Stock Exchange on Monday witnessed extremely bullish trend and closed on strong positive note with...

Published 31 Dec, 2024 06:32am

Stocks

Most Gulf bourses gain, Dubai hits 10-year high

DUBAI: Most stock markets in the Gulf ended higher on Monday in thin trade ahead of the end of the year, with the...

Published 31 Dec, 2024 06:32am

Stocks

Wall St slides to 1-week low on thin trading

NEW YORK: Wall Street’s main stock indexes hit their lowest point in over a week on Monday, as thin trading ...

Published 31 Dec, 2024 06:32am

Stocks

European shares fall in final full session of 2024

FRANKFURT: European stocks fell on Monday, in line with Wall Street, as still-high government bond yields prompted...

Published 31 Dec, 2024 06:32am

Stocks

China stocks close up, led by energy and financials

SHANGHAI: China stocks ended slightly higher on Monday, buoyed by gains in energy and financial shares, while ...

Published 31 Dec, 2024 06:32am

Stocks

Banks lead Indian shares lower

MUMBAI: India’s benchmark indexes fell on Monday, led by bank stocks, as elevated US Treasury yields and the...

Published 31 Dec, 2024 06:32am

Stocks

Japan’s Nikkei ends 2024 with nearly 20pc rise

TOKYO: Japan’s Nikkei share average retreated on 2024’s last trading day on Monday from the five-month high hit...

Published 31 Dec, 2024 06:32am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 314,608 tonnes of cargo comprising 199,681 tonnes of import cargo and ...

Published 31 Dec, 2024 06:32am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (December 30, 2024)...

Published 31 Dec, 2024 06:32am

Cotton & Textile

Cotton market: Leading buyers sideline on lack of interest

LAHORE: The local cotton market on Monday remained steady and the trading volume remained low. Cotton Analyst Naseem...

Published 31 Dec, 2024 06:32am

Commodities

Gold prices drift lower

KARACHI: Gold prices edged lower on Monday, reflecting a dip in global rates, according to traders. Gold lost value...

Published 31 Dec, 2024 06:32am

Energy

1,200MW added to national grid: PAEC achieves major milestone thru construction of Chashma Nuclear Power Plant Unit 5

ISLAMABAD: Pakistan Atomic Energy Commission (PAEC) achieved a major milestone through the construction of Chashma...

Published 31 Dec, 2024 06:32am

Energy

Entire next month: SSGC to curtail supply of gas to power generation by 50pc

ISLAMABAD: The Sui Southern Gas Company (SSGC) has curtailed supply of gas for power generation by 50 percent from...

Published 31 Dec, 2024 06:32am

Energy

Russian gas flows via Ukraine for last days as transit deal crumbles

MOSCOW: Russia pumped gas on Monday to European customers via Ukraine for one of the last days before a key transit...

Published 31 Dec, 2024 06:32am

Rates

LME official prices

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

Published 31 Dec, 2024 06:32am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (December 30, 2024). ========================== KIBOR...

Published 31 Dec, 2024 06:32am

Forex

Open market rates of foreign currencies

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

Published 31 Dec, 2024 06:32am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (December 30, 2024). ======================== Open Bid...

Published 31 Dec, 2024 06:32am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (December 30, 2024)....

Published 31 Dec, 2024 06:32am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 30, 2024)....

Published 31 Dec, 2024 06:32am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (December 30, 2024)...

Published 31 Dec, 2024 06:32am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (December 30, 2024). ======================================= Offset...

Published 31 Dec, 2024 06:32am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (December 30, 2024). ==================================== BR...

Published 31 Dec, 2024 06:32am

3 Discos being readied for privatisation

ISLAMABAD: The Financial Advisor is tasked to structure the transaction of three power Distribution Companies...

Updated 31 Dec, 2024 06:56pm

Nov FCA: KE seeks relief of Rs4.98 per kWh

KARACHI: K-Electric submitted provisional monthly fuel charge adjustments (FCA) request for November 2024, to be...

Updated 31 Dec, 2024 09:10am

Income Tax (amendment) Ordinance promulgated

FBR now expecting Rs 70 billion till December 31, 2024 from the banking sector which will help tax machinery reduce its shortfall in collection to some extent

Updated 31 Dec, 2024 04:52pm

Law ministry becomes party to govt-IPP dispute

ISLAMABAD: The Ministry of Law and Justice has reportedly become party to the recent dispute between the Government...

Updated 31 Dec, 2024 03:20pm

New Gwadar airport: PM looks forward to prosperity

ISLAMABAD: Prime Minister Shehbaz Sharif said on Monday that the New Gwadar International Airport will not only...

Updated 31 Dec, 2024 03:16pm

2024: outstanding year: KSE-100 Index jumps 85pc in PKR terms

KARACHI: Pakistan Stock Exchange performed exceptionally well as the benchmark KSE-100 Index jumped 85 percent in ...

Updated 31 Dec, 2024 03:21pm

Arshad Zuberi laid to rest

KARACHI: Arshad A Zuberi - a distinguished name in English journalism and Deputy Chief Executive of the Business...

Updated 31 Dec, 2024 05:09pm

Working group on Punjab-UAE cooperation: CM agrees to proposal

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif in a meeting with the UAE Ambassador to Pakistan Hamad Obaid...

Updated 31 Dec, 2024 09:22am

ECNEC clears seven schemes worth over Rs217bn

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) has approved seven development projects...

Updated 31 Dec, 2024 09:05am

Economic revival efforts: UBL arranges $300m loan via UAE, Bahrain branches

KARACHI: United Bank Limited (UBL), through its UAE and Bahrain branches, has successfully arranged and financed a...

Updated 31 Dec, 2024 03:21pm

UAE envoy says vast opportunities of cooperation in renewable energy sector

LAHORE: The Ambassador of United Arab Emirates to Pakistan, Hamad Obaid Al Zaabi has said that there exists vast...

Published 31 Dec, 2024 06:32am

Commodities

Heavy rains to hit Malaysian palm oil output

KUALA LUMPUR /MUMBAI: Malaysia’s palm oil production is set to fall for the fourth consecutive month in December ...

Published 31 Dec, 2024 06:32am

Commodities

Malaysian palm oil futures lower on Dalian weakness, market awaits further leads

JAKARTA: Malaysian palm oil futures extended losses on Monday, mirroring the drop in rival soyoils on the Dalian...

Published 31 Dec, 2024 06:32am

Commodities

Japanese rubber futures rise on weaker yen, China optimism

SINGAPORE: Japanese rubber futures advanced for the second straight session on Monday, buoyed by a softer yen and...

Published 31 Dec, 2024 06:32am

Commodities

Gold in holding pattern as markets eye economic data, Fed outlook

NEW YORK: Gold prices slipped in thin trade on Monday, as markets awaited next week’s US economic data and the...

Published 31 Dec, 2024 06:32am

Commodities

London copper dips as market awaits China data

LONDON: London copper prices slipped on Monday in holiday-thinned trading, while market participants awaited ...

Published 31 Dec, 2024 06:32am

Commodities

Iron ore rebounds on improving steel margins, falling portside stocks

BEIJING: Iron ore futures prices rebounded on Monday, helped by improving steel margins, falling portside stocks and...

Published 31 Dec, 2024 06:32am

NY cocoa futures rebound, arabica coffee falls

Commodities

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 3	278.63
USD PKR Interbank Buying / Jan 3	27,843
USD to Japanese Yen / Jan 3	157.26
USD to Swiss Franc / Jan 3	0.91
Pound Sterling to USD / Jan 3	1.24
Euro to USD / Jan 3	1.03

Stock	Volume
S&P 500 / Jan 3	5,942.47
India Sensex / Jan 3	79,223.11
Tokyo Nikkei / Jan 3	39,894.54
Nasdaq / Jan 3	19,621.68
Hang Seng / Jan 3	19,760.27
FTSE 100 / Jan 3	8,223.98
Dow Jones / Jan 3	42,732.13
Germany DAX 30 / Jan 3	19,906.08

Item	Value
Crude Oil USD/Barrel / Jan 3	73.96
Gold 10 Grams PKR / Jan 3	243,488.40
Gold Spot USD/Ounce / Jan 3	2,640.22
Cotton US¢/pound / Jan 3	67.66
Karachi Cotton PKR/37.32 KG / Jan 4	18,285
Petrol/Litre / Jan 5	252.66

Gainers
Losers
Leaders

Stock	Price
Tri-Star Power / Jan 3 Tri-Star Power Limited(TSPL)	6.87 ▲ 1.00 (17.04%)
Dewan Textile / Jan 3 Dewan Textile Mills Limited(DWTM)	7.50 ▲ 0.70 (10.29%)
Pak Gulf Leasing / Jan 3 Pak-Gulf Leasing Company Limited(PGLC)	28 ▲ 2.55 (10.02%)
Asim Textile / Jan 3 Asim Textile Mills Limited(ASTM)	14.72 ▲ 1.34 (10.01%)
Bannu Woollen / Jan 3 Bannu Woollen Mills Limited(BNWM)	39.34 ▲ 3.58 (10.01%)
Ali Asghar / Jan 3 Ali Asghar Textile Mills Limited(AATM)	87.12 ▲ 7.92 (10.00%)
AL-Ghazi Tractors / Jan 3 Al-Ghazi Tractors Limited(AGTL)	692.63 ▲ 62.97 (10.00%)
Arpak Int. / Jan 3 Arpak International Investments Ltd.(ARPAK)	76.89 ▲ 6.99 (10.00%)
Chakwal Spinning / Jan 3 Chakwal Spinning Mills Limited(CWSM)	79.30 ▲ 7.21 (10.00%)

Stock	Price
Khairpur Sug. / Jan 3 Khairpur Sugar Mills Limited(KPUS)	165.85 ▼ -18.43 (-10.00%)
Pak Paper Prod / Jan 3 Pakistan Paper Products Limited(PPP)	163.24 ▼ -18.14 (-10.00%)
Jubilee Spinning / Jan 3 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.81 ▼ -1.19 (-9.92%)
National Silk / Jan 3 The National Silk & Rayon Mills Limited(NSRM)	49.96 ▼ -5.48 (-9.88%)
Al-Khair Gadoon / Jan 3 Al-Khair Gadoon Limited(AKGL)	37.50 ▼ -3.95 (-9.53%)
Escorts Bank / Jan 3 Escorts Investment Bank Limited(ESBL)	6.22 ▼ -0.63 (-9.20%)
Intermarket Securities / Jan 3 Intermarket Securities Limited(IMS)	67.01 ▼ -6.76 (-9.16%)
Premium Textile / Jan 3 Premium Textile Mills Limited(PRET)	365.10 ▼ -34.90 (-8.72%)
Shahzad Tex. / Jan 3 Shahzad Textile Mills Limited(SZTM)	27.30 ▼ -2.57 (-8.60%)

Stock	Volume
Fauji Foods Ltd / Jan 3 Fauji Foods Limited(FFL)	89,478,727 ▲ 0.26
WorldCall Telecom / Jan 3 Worldcall Telecom Limited(WTL)	72,529,816 ▼ -0.06
Telecard Limited / Jan 3 Telecard Limited(TELE)	61,073,411 ▼ -0.38
Cnergyico PK / Jan 3 Cnergyico PK Limited(CNERGY)	56,752,893 ▲ 0.01
Fauji Cement / Jan 3 Fauji Cement Company Limited(FCCL)	54,319,935 ▼ -2.12
Pace (Pak) Ltd. / Jan 3 Pace (Pakistan) Limited(PACE)	47,336,133 ▲ 0.00
K-Electric Ltd. / Jan 3 K-Electric Limited(KEL)	47,012,733 ▼ -0.21
B.O.Punjab / Jan 3 The Bank of Punjab(BOP)	37,387,280 ▲ 0.11
Bank Makramah / Jan 3 Bank Makramah Limited(BML)	34,237,257 ▲ 0.25

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