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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Rates

BRIndex100 and BR Sectoral Indices

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

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

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

Rates

Shipping Intelligence

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

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

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

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

Rates

Kibor interbank offered rates

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

Published 31 Dec, 2024 06:32am

Rates

LME official prices

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Around Rs148bn shortfall: FBR likely to collect Rs1.225trn this month

ISLAMABAD: The Federal Board of Revenue (FBR) has estimated to collect Rs1,225 billion during December 2024 against...

Updated 31 Dec, 2024 09:15am

Pak-Iran trade can reach $10bn mark: KATI

KARACHI: President of the Korangi Association of Trade and Industry (KATI), Junaid Naqi has emphasised that trade...

Published 31 Dec, 2024 06:32am

Food for thought

EDITORIAL: DG ISPR Lieutenant General Ahmed Sharif Chaudhry’s year-end presser touched up on all the crucial ...

Updated 31 Dec, 2024 06:59am

Move to facilitate overseas Pakistanis

EDITORIAL: In a move purported to be for the benefit of overseas Pakistanis, the FBR has announced the launch of an...

Updated 31 Dec, 2024 06:57am

ECAP supports SBP’s new framework for exchange firms

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has pledged its full support for the State Bank of...

Published 31 Dec, 2024 06:32am

Q1FY25: NAC approves 0.92pc growth rate

ISLAMABAD: The National Accounts Committee (NAC) has approved growth rate of 0.92 percent for 1st quarter of fiscal...

Published 31 Dec, 2024 06:32am

PBF demands govt restructure tax machinery

LAHORE: Pakistan Business Forum (PBF) has called on the federal government to restructure the Federal Board of...

Published 31 Dec, 2024 06:32am

Privatisation of loss-making SOEs: Gilani supports proposal

LAHORE: Chairman Senate Syed Yousuf Raza Gilani on Monday supported LCCI’s proposals to restructure or privatize...

Published 31 Dec, 2024 06:32am

3pc GDP growth, reduction in inflation & policy rates projected

ISLAMABAD: The Sustainable Development Policy Institute (SDPI), while appreciating the country’s economic progress...

Published 31 Dec, 2024 06:32am

HSD price may increase by Rs3.62 per litre

ISLAMABAD: The petrol price may increase by 11 paisa per litre but the price of high-speed diesel (HSD) is likely to...

Published 31 Dec, 2024 06:32am

Commodities

NY cocoa futures rebound, arabica coffee falls

LONDON: New York cocoa futures rose sharply on Monday, regaining some ground after falling sharply last week, while...

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

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

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

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

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

Heavy rains to hit Malaysian palm oil output

Commodities

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 15	280.63
USD PKR Interbank Buying / Apr 15	280.43
USD to Japanese Yen / Apr 15	143.15
USD to Swiss Franc / Apr 15	0.81
Pound Sterling to USD / Apr 15	1.32
Euro to USD / Apr 15	1.14
UK LIBOR % / Apr 14	4.96

Stock	Volume
S&P 500 / Apr 14	5,405.97
Nasdaq / Apr 14	16,831.48
Dow Jones / Apr 14	40,524.79
India Sensex / Apr 15	76,780.06
Tokyo Nikkei / Apr 15	34,267.54
Hang Seng / Apr 15	21,470.46
FTSE 100 / Apr 15	8,209.09
Germany DAX 30 / Apr 15	21,175.70
France CAC40 / Apr 15	7,263.20

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 14	16,785
Gold 10 Grams PKR / Apr 14	290,466
Petrol/Litre / Apr 15	254.63
Crude Oil USD/Barrel / Apr 15	61.77
Gold Spot USD/Ounce / Apr 15	3,224.76
Diesel/Litre / Apr 15	258.64
Cotton US¢/pound / Apr 15	65.75

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Apr 15 PICIC Insurance Limited(PIL)	2.93 ▲ 0.78 (36.28%)
Gulshan Sp. / Apr 15 Gulshan Spinning Mills Limited(GSPM)	3.79 ▲ 0.62 (19.56%)
Escorts Bank / Apr 15 Escorts Investment Bank Limited(ESBL)	6.59 ▲ 0.95 (16.84%)
Tariq Corp.Pref. / Apr 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.29 ▲ 0.79 (10.53%)
First Capital Equities / Apr 15 First Capital Equities Limited(FCEL)	4.97 ▲ 0.47 (10.44%)
Sanghar Sugar / Apr 15 Sanghar Sugar Mills Limited(SANSM)	55.51 ▲ 5.05 (10.01%)
Redco Textile / Apr 15 Redco Textiles Limited(REDCO)	25.27 ▲ 2.3 (10.01%)
Tariq Corporation / Apr 15 Tariq Corporation Limited(TCORP)	16.16 ▲ 1.47 (10.01%)
Gammon Pak / Apr 15 Gammon Pakistan Limited(GAMON)	25.60 ▲ 2.33 (10.01%)
Bawany Air Products / Apr 15 Bawany Air Products Limited(BAPL)	34.95 ▲ 3.18 (10.01%)

Stock	Price
Arpak Int. / Apr 15 Arpak International Investments Ltd.(ARPAK)	63 ▼ -7 (-10%)
Aisha Steel(ConPS) / Apr 15 Aisha Steel(ConPS)(ASLPS)	15.11 ▼ -1.51 (-9.09%)
LSE Capital / Apr 15 LSE Capital Limited(LSECL)	5 ▼ -0.5 (-9.09%)
Power Cem(Pref) / Apr 15 Power Cement (Pref)(POWERPS)	13.55 ▼ -1.28 (-8.63%)
First Tri-Star Mod. / Apr 15 First Tri-Star Modaraba(FTSM)	12.03 ▼ -1.04 (-7.96%)
Ruby Textile / Apr 15 Ruby Textile Mills Limited(RUBY)	7.20 ▼ -0.57 (-7.34%)
Philip Morris Pak. / Apr 15 Philip Morris (Pakistan) Limited(PMPK)	1,171 ▼ -90.48 (-7.17%)
Stylers International / Apr 15 Stylers International Limited(STYLERS)	39.30 ▼ -2.7 (-6.43%)
Calcorp Ltd / Apr 15 Calcorp Limited(CASH)	37 ▼ -2.52 (-6.38%)
Janana De Malucho / Apr 15 Janana De Malucho Textile Mills Limited(JDMT)	48.55 ▼ -3.3 (-6.36%)

Stock	Volume
Cnergyico PK / Apr 15 Cnergyico PK Limited(CNERGY)	55,091,076 ▼ -0.18
Pak Int.Bulk / Apr 15 Pakistan International Bulk Terminal(PIBTL)	45,232,730 ▼ -0.25
Sui South Gas / Apr 15 Sui Southern Gas Company Limited(SSGC)	31,842,819 ▼ -0.61
B.O.Punjab / Apr 15 The Bank of Punjab(BOP)	27,341,890 ▼ -0.14
TRG Pak Ltd / Apr 15 TRG Pakistan Limited(TRG)	21,450,408 ▲ 3.76
Dewan Cement / Apr 15 Dewan Cement Limited(DCL)	19,356,973 ▲ 0.22
Pak Elektron / Apr 15 Pak Elektron Limited(PAEL)	17,487,097 ▼ -0.32
Engro Powergen / Apr 15 Engro Powergen Qadirpur Limited(EPQL)	15,435,358 ▲ 0.53
Fauji Foods Ltd / Apr 15 Fauji Foods Limited(FFL)	15,345,048 ▲ 0.53
K-Electric Ltd. / Apr 15 K-Electric Limited(KEL)	13,886,346 ▼ -0.01

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