News Archives for Print - 2025-01-15

Print - 2025-01-15

Wealthy nations fail to agree curbs on fossil fuel finance

PARIS: Wealthy nations have failed to reach an agreement on curbing public finance for fossil fuel projects, the ...

Published 15 Jan, 2025 02:59am

MSNBC boss leaves ahead of Trump return

NEW YORK: The head of the left-leaning US news channel MSNBC has quit, a source at the network told AFP Tuesday, ...

Published 15 Jan, 2025 02:59am

‘Persepolis’ author refuses French award over Iran ‘hypocrisy’

PARIS: French-Iranian author and illustrator Marjane Satrapi, best known for the book and film “Persopolis”, has...

Published 15 Jan, 2025 02:59am

‘High-risk’ matches: Court rules German football clubs must pay police costs

BERLIN: Bundesliga clubs across Germany may be forced to cover the costs of police at certain ‘high-risk’ games,...

Published 15 Jan, 2025 02:59am

Starlink internet services: Existing players could face some serious challenges

ISLAMABAD: Amid slow speed and internet service issues in the country, Starlink internet services, if launched in...

Published 15 Jan, 2025 02:59am

‘AI implementation plan’ discussed threadbare

ISLAMABAD: Ministry of Planning, Development, and Special Initiatives, Tuesday, held a meeting of the National AI...

Published 15 Jan, 2025 02:59am

MoD lawyer tells SC: May 9 ‘conspirators’, ‘masterminds’ will be tried in military court

ISLAMABAD: The counsel of Ministry of Defence informed that the cases of “conspirators” and “masterminds” of...

Published 15 Jan, 2025 02:59am

Smartphones on easy instalments: Govt and CMOs agree to roll out new scheme

ISLAMABAD: The government and all four cellular mobile operators (CMOs) have agreed in principle to launch the...

Published 15 Jan, 2025 02:59am

Bangladesh’s PSO of Armed Forces Division arrives

RAWALPINDI: Lieutenant General S M Kamrul Hassan, principal staff officer (PSO) of the Armed Forces Division of...

Published 15 Jan, 2025 02:59am

Ehsaas Naujawan Programme: KP govt launches interest-free loans

PESHAWAR: Khyber Pakhtunkhwa government formally launched the distribution of interest-free loans under Ehsaas...

Published 15 Jan, 2025 02:59am

PFA discards over 2,000 kg of diseased chickens

LAHORE: The Punjab Food Authority (PFA) on Tuesday inspected 46,000 kilograms of chicken across 17 meat warehouses...

Published 15 Jan, 2025 02:59am

NATO launches Baltic Sea patrols after suspected cable sabotage

HELSINKI: The NATO military alliance said Tuesday it would launch a Baltic Sea monitoring mission following the...

Published 15 Jan, 2025 02:59am

Lebanon’s new PM says reaching out to all sides to save country

BEIRUT: Lebanon’s new Prime Minister Nawaf Salam on Tuesday said he was reaching out to all across the political...

Published 15 Jan, 2025 02:59am

Qatar says Gaza truce talks in ‘final stages’

DOHA: Qatar, a key mediator, said negotiations for a Gaza truce and hostage release deal were in their “final...

Published 15 Jan, 2025 02:59am

India to promote its textiles as political crisis hits BD’S exports

NEW DELHI: India aims to boost its textile and garments industry in next month’s budget with financial support,...

Published 15 Jan, 2025 02:59am

One Indian killed, another wounded while serving in Russian army

MUMBAI: One Indian national apparently recruited by the Russian army has been killed while another was receiving...

Published 15 Jan, 2025 02:59am

JI to stage protest demo before BIEK

KARACHI: Jamaat-e-Islami has demanded an end to what it called “education apartheid”, announcing a protest...

Published 15 Jan, 2025 02:59am

2nd convoy carrying relief goods leaves for Parachinar

ISLAMABAD: Implementation of the peace agreement finalised on January 1 continued to move forward, as a second ...

Published 15 Jan, 2025 02:59am

Bilawal briefed about public-private partnership projects

KARACHI: Chairman Pakistan People’s Party (PPP) Bilawal Bhutto Zardari has said that the Sindh government has...

Published 15 Jan, 2025 02:59am

Sindh Assembly rejects two resolutions of opposition

KARACHI: The Sindh Assembly on Tuesday rejected opposition resolutions on forming a commission to enhance ...

Published 15 Jan, 2025 02:59am

Alleged HR violations: IK says will file formal complaint with IHRO

ISLAMABAD: The incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan on Tuesday said that he will...

Published 15 Jan, 2025 02:59am

Interim bails of PTI workers extended

LAHORE: An Anti-Terrorism Court (ATC) on Tuesday extended interim bails of 104 PTI leaders and workers in May 09 ...

Published 15 Jan, 2025 02:59am

‘Pakistan Strike Force’ camp starts at NCA

LAHORE: With an objective to work on the hard-hitting and modern-day batting skills of the domestic and ...

Published 15 Jan, 2025 02:59am

Law minister presents two bills in Punjab PA

LAHORE: Law Minister Punjab Malik Sohaib Ahmed Bherth on Tuesday presented Punjab Education Foundation Amendment ...

Published 15 Jan, 2025 02:59am

CM, Azerbaijan envoy discuss ongoing projects

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif meets Azerbaijani Ambassador to Pakistan Khizr Farhadov to discuss...

Published 15 Jan, 2025 02:59am

Punjab to set up courts to tackle violence against wildlife

LAHORE: The Punjab Assembly’s Standing Committee has approved amendments to the Wildlife Act 1974 after 14 years...

Published 15 Jan, 2025 02:59am

UAF produces 28 more PhDs

FAISALABAD: The University of Agriculture Faisalabad has produced 28 more PhDs, totalling the PhD club to 2,453 so...

Published 15 Jan, 2025 02:59am

Opposition protests non-production of their jailed senator

ISLAMABAD: Despite the issuance of production order of incarcerated Pakistan Tehreek-e-Insaf (PTI) Senator Ejaz...

Published 15 Jan, 2025 02:59am

NA sees protest of opposition for second consecutive day

ISLAMABAD: Opposition MPs belonging to Pakistan Tehreek-e-Insaf (PTI)-backed Sunni Ittehad Council (SIC) on Tuesday...

Published 15 Jan, 2025 02:59am

Criminal Laws (Amendment) Bill: Senate panel for consulting Islamic scholars on black magic

ISLAMABAD: The Senate Standing Committee on Interior recommended consulting Islamic scholars on “Criminal Laws...

Published 15 Jan, 2025 02:59am

Sajjad joins 1LINK board as independent director

Karachi: Muhammad Hamayun Sajjad has been appointed as an independent director on the Board of 1LINK (Pvt) Ltd....

Published 15 Jan, 2025 02:59am

Subsection of Customs Act: SC seeks counsels’ help to determine whether regular bench can hear the case

ISLAMABAD: The Supreme Court hearing a challenge to the constitutionality of subsection (2) of the Section 221-A of...

Published 15 Jan, 2025 02:59am

The Weather

KARACHI: The weather report on Tuesday (January 14, 2025) and the forecast for Wednesday (January 15, 2025)...

Published 15 Jan, 2025 02:59am

Rates

PSX rallies on heavy buying

KARACHI: A bullish trend continued as the Pakistan Stock Exchange on Tuesday closed on a positive note with healthy...

Published 15 Jan, 2025 02:59am

Govt crafting policy to tackle unemployment: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday said the government is actively working on a policy aimed at...

Published 15 Jan, 2025 02:59am

Pakistan-Iran border in Panjgur: New crossing point to help promote legal trade: PM

ISLAMABAD: Prime Minister Shehbaz Sharif while lauding security forces under the leadership of the Army Chief for...

Published 15 Jan, 2025 02:59am

Punjab Hindu marriage law approved by provincial cabinet

LAHORE: The Punjab cabinet, which met here Tuesday with Chief Minister Maryam Nawaz Sharif in the chair, approved ...

Published 15 Jan, 2025 02:59am

Stocks

Wall St slips as focus shifts to earnings, consumer inflation data

NEW YORK: Wall Street’s main indexes fell on Tuesday as investors turned their attention to upcoming inflation ...

Published 15 Jan, 2025 02:59am

Stocks

European shares little changed amid threats of rising yields and tariffs

FRANKFURT: European shares wrapped up Tuesday little changed as the pressure from rising yields continued to weigh ...

Published 15 Jan, 2025 02:59am

Stocks

China stocks jump on chip shares’ rally

HONG KONG: China stocks jumped the most in over two months as local chip firms rallied after the United States...

Published 15 Jan, 2025 02:59am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 163,115 tonnes of cargo comprising 130,422 tonnes of import cargo and 32,693...

Published 15 Jan, 2025 02:59am

PARTLY FACETIOUS: Pakistani has been invited to the Trump inauguration?

“I heard one Pakistani and one Pakistani alone has been invited to the Trump inauguration!” “Fake news.”...

Published 15 Jan, 2025 02:59am

Artificial Intelligence (AI) everywhere: remedy is to consolidate

The world is rapidly evolving, and artificial intelligence (AI) is making its mark in nearly every aspect of our...

Published 15 Jan, 2025 02:59am

90 seconds – from disasters to destinies

He drives me crazy. She makes me so mad. They rile me to hit back. His insolence makes my head go haywire. Her smirk...

Published 15 Jan, 2025 02:59am

Letters

‘Six canals kerfuffle’

This is apropos a Business Recorder op-ed ‘Six canals kerfuffle’ carried by the newspaper yesterday. The writer,...

Published 15 Jan, 2025 02:59am

Boosting cotton yields with early sowing

Preparations for early cotton sowing are currently under way in Punjab, focusing on optimizing production efficiency...

Published 15 Jan, 2025 02:59am

Frivolous litigation, judicial reform and FOSPAH

Reports of land mafias forcibly occupying rural properties is a phenomenon not unheard of in Pakistan. However, when...

Published 15 Jan, 2025 02:59am

Rates

LME official prices

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

Published 15 Jan, 2025 02:59am

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 15 Jan, 2025 02:59am

Forex

Open market rates of foreign currencies

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

Published 15 Jan, 2025 02:59am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (January 14, 2025). ======================== Open Bid...

Published 15 Jan, 2025 02:59am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (January 14, 2025)....

Published 15 Jan, 2025 02:59am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 14, 2025)....

Published 15 Jan, 2025 02:59am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 14, 2025)...

Published 15 Jan, 2025 02:59am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (January 14, 2025). ======================================= Offset...

Published 15 Jan, 2025 02:59am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (January 14, 2025). ==================================== BR...

Published 15 Jan, 2025 02:59am

SIFC takes stock of Uraan plan, stakeholders

Resolves to formulate an effective strategy to implement Uraan Pakistan

Updated 15 Jan, 2025 09:25am

Project’s COD changed: Member slams Nepra for overstepping authority

ISLAMABAD: Member (Finance and Tariff) NEPRA has accused the authority of exceeding its jurisdiction by changing the...

Updated 15 Jan, 2025 08:35am

Power tariff may be reset annually from Jan 1

ISLAMABAD: The federal government is likely to commence electricity tariff rebasing from January 1, each year...

Updated 15 Jan, 2025 09:21am

SEZs, industrial estates: New power provision system approved

ISLAMABAD: In a bid to accelerate the pace of industrial development, a meeting of the Cabinet Committee on Energy...

Updated 15 Jan, 2025 08:36am

No large-scale operations in KP: COAS

ISLAMABAD: Chief of Army Staff (COAS) General Syed Asim Munir emphasised Pakistan’s commitment to fostering amicable...

Updated 15 Jan, 2025 08:35am

FBR issues updated Sales Tax rules

ISLAMABAD: The new applicants excluding manufacturers, seeking sales tax registrations, would also be required to...

Updated 15 Jan, 2025 09:24am

Energy

Russia, Vietnam sign nuclear energy deal

HANOI: Russia and Vietnam signed an agreement on nuclear energy on Tuesday during a visit by Prime Minister Mikhail...

Published 15 Jan, 2025 02:59am

Energy

US natural gas futures slide

NEW YORK: US natural gas futures slid about 3% on Tuesday on forecasts for less cold weather and lower heating ...

Published 15 Jan, 2025 02:59am

Commodities

Japanese rubber futures higher

SINGAPORE: Japanese rubber futures rallied for a fourth consecutive session on Tuesday, buoyed by stronger oil ...

Published 15 Jan, 2025 02:59am

Commodities

Gold gains on softer dollar as investors weigh Trump tariff impact

NEW YORK: Gold prices rose on Tuesday, helped by a softer US dollar and inflationary risks posed by President-elect...

Published 15 Jan, 2025 02:59am

Commodities

Iron ore extends gains on lower shipments, robust China steel exports

BEIJING: Iron ore futures rose for a fourth straight session on Tuesday to hover near their highest levels in more...

Published 15 Jan, 2025 02:59am

Commodities

Copper steadies at one-month peak as China stimulus kicks in

LONDON: Benchmark copper prices extended gains on Tuesday, holding at their highest levels in a month, after data...

Published 15 Jan, 2025 02:59am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 51.729 billion...

Published 15 Jan, 2025 02:59am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (January 14, 2025)...

Published 15 Jan, 2025 02:59am

Cotton & Textile

Spot rate unchanged amid slow business

LAHORE: The local cotton market on Tuesday remained steady and the trading volume remained moderate. Cotton Analyst...

Published 15 Jan, 2025 02:59am

Energy

Oil prices slip

NEW YORK: Oil prices slipped on Tuesday from the previous day’s four-month highs but the market remained supported...

Published 15 Jan, 2025 02:59am

Commodities

Malaysian palm oil futures lower

JAKARTA: Malaysian palm oil futures closed lower on Tuesday as investors booked profit after two sessions of sharp...

Published 15 Jan, 2025 02:59am

Commodities

Gold prices fall

KARACHI: Gold prices fell sharply again on Tuesday, reflecting the impact of the global market recession, traders...

Published 15 Jan, 2025 02:59am

World Bank approves 10-year Country Partnership Framework

ISLAMABAD: The World Bank’s Board of Directors has approved the first-ever 10-year Country Partnership Framework for...

Updated 15 Jan, 2025 09:19am

Rs10-11/unit fall in power tariff likely: Cabinet clears revised pacts with 14 IPPs

ISLAMABAD: The federal cabinet on Tuesday approved revised agreements with 14 Independent Power Producers (IPPs),...

Updated 15 Jan, 2025 09:18am

$25bn IT exports target: PM directs authorities to boost the IT base

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday expressed satisfaction over the steps being taken to boost...

Updated 15 Jan, 2025 08:34am

Flat steel products: Govt likely to extend RD for 3 months

ISLAMABAD: The federal government is likely to extend for three months the currently imposed 5% and 10% Regulatory...

Updated 15 Jan, 2025 09:18am

Finance, technology, and tourism sectors: Pakistan, Hong Kong for bolstering relations

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and the Chief Executive of Hong Kong...

Updated 15 Jan, 2025 09:22am

Taxes

Tier-I retailers: FBR lures customers over reporting ‘unverified invoices’

ISLAMABAD: The customers of integrated tier-I retailers, who would report unverified invoices issued by tier-l...

Published 15 Jan, 2025 02:59am

POL products: Ex-depot prices may go up by Rs6.20/litre from 16th

ISLAMABAD: The ex-depot prices of petroleum products are estimated to increase by up to Rs6.20 per litre with effect...

Published 15 Jan, 2025 02:59am

Companies

Shell Pakistan renamed Wafi Energy

KARACHI: The name of Shell Pakistan Limited has been changed to Wafi Energy Pakistan Limited. “The Company is...

Published 15 Jan, 2025 02:59am

Pakistan signs MoU with Bangladesh on rice export

DHAKA: Trading Corporation of Pakistan (TCP) and the Directorate General of Food, Bangladesh, today signed a...

Published 15 Jan, 2025 02:59am

Industry

US team visits CCP: Fostering cooperation with US Federal Trade Commission discussed

ISLAMABAD: US Embassy representatives visited the Competition Commission of Pakistan (CCP) to discuss matters ...

Published 15 Jan, 2025 02:59am

Industry

Ministry asked to draft comprehensive roadmap for Gwadar’s development

ISLAMABAD: Federal Minister for Planning Ahsan Iqbal directed the Ministry of Maritime Affairs to draft a...

Published 15 Jan, 2025 02:59am

Industry

Punjab to start 100,000 small & medium-sized start-ups: Azma

LAHORE: The Punjab government will initiate nearly 100,000 small and medium-sized start-ups, Information Minister...

Published 15 Jan, 2025 02:59am

Money & Banking

Dollar rises towards highest in over 2 years, euro up, yen falls

NEW YORK: The dollar rose towards its highest level in more than two years on Tuesday as strong economic data led...

Published 15 Jan, 2025 02:59am

Money & Banking

Asian currencies: Malaysia’s ringgit, the Philippine peso nudge higher

MANILA: Asian currencies edged higher on Tuesday but their upside was limited, as the dollar clung near its highest...

Published 15 Jan, 2025 02:59am

Money & Banking

Indian equity benchmarks end higher, led by financials, metals

MUMBAI: Indian equity benchmarks closed higher on Tuesday, as gains in financials and metals helped recoup some...

Published 15 Jan, 2025 02:59am

Industry

Prioritising construction sector: LCCI welcomes govt’s decision

LAHORE: The Lahore Chamber of Commerce & Industry has welcomed the government’s decision to prioritize the...

Published 15 Jan, 2025 02:59am

Taxes

PRA set to expand tax net

LAHORE: The Punjab Revenue Authority (PRA), with the assistance of the Punjab government, has announced a...

Published 15 Jan, 2025 02:59am

Industry

Cold chain industry slams Nepra for placing it in commercial tariff category

ISLAMABAD: The cold chain industry has slammed the National Electric Power Regulatory Authority (Nepra) for its...

Published 15 Jan, 2025 02:59am

Companies

Hyundai Pakistan introduces ‘SONATA N Line’

LAHORE: Hyundai Nishat Motors (Private) Limited (HNMPL) successfully launched the highly anticipated Hyundai SONATA ...

Published 15 Jan, 2025 02:59am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 14	278.92
USD PKR Interbank Buying / Jan 14	278.72
USD to Japanese Yen / Jan 14	157.97
USD to Swiss Franc / Jan 14	0.91
Pound Sterling to USD / Jan 14	1.22
Euro to USD / Jan 14	1.03

Stock	Volume
S&P 500 / Jan 14	5,842.91
India Sensex / Jan 14	76,499.63
Tokyo Nikkei / Jan 14	38,474.30
Nasdaq / Jan 14	19,044.39
Hang Seng / Jan 14	19,219.78
FTSE 100 / Jan 14	8,201.54
Dow Jones / Jan 14	42,518.28
Germany DAX 30 / Jan 14	20,271.33

Item	Value
Gold 10 Grams PKR / Jan 9	237,483
Crude Oil USD/Barrel / Jan 14	78.11
Karachi Cotton PKR/37.32 KG / Jan 14	18,785
Gold Spot USD/Ounce / Jan 14	2,691.80
Cotton US¢/pound / Jan 14	67.50
Petrol/Litre / Jan 15	252.66

Gainers
Losers
Leaders

Stock	Price
Gulshan Sp. / Jan 15 Gulshan Spinning Mills Limited(GSPM)	4.69 ▲ 0.59 (14.39%)
Service Textile / Jan 15 Service Industries Textiles Limited(SERT)	15.13 ▲ 1.38 (10.04%)
Power Cem(Pref) / Jan 15 Power Cement (Pref)(POWERPS)	12.29 ▲ 1.12 (10.03%)
Gulistan Sp. / Jan 15 Gulistan Spinning Mills Limited(GUSM)	11.65 ▲ 1.06 (10.01%)
BF Biosciences / Jan 15 BF Biosciences Limited(BFBIO)	231.30 ▲ 21.03 (10.00%)
Chashma / Jan 15 Chashma Sugar Mills Limited(CHAS)	71.50 ▲ 6.50 (10.00%)
Sindh Abadgar / Jan 15 Sindh Abadgar's Sugar Mills Limited(SASML)	43.99 ▲ 3.99 (9.98%)
Masood Textile / Jan 15 Masood Textile Mills Limited(MSOT)	61 ▲ 5.45 (9.81%)
Sardar Chemical / Jan 15 Sardar Chemical Industries Limited(SARC)	37.30 ▲ 3.30 (9.71%)

Stock	Price
Sana Ind / Jan 15 Sana Industries Limited(SNAI)	30.10 ▼ -3.33 (-9.96%)
Zahid Jee Textile / Jan 15 Zahidjee Textile Mills Limited(ZAHID)	25.21 ▼ -2.79 (-9.96%)
Din Tex. / Jan 15 Din Textile Mills Limited(DINT)	43 ▼ -4.10 (-8.70%)
Pak Gulf Leasing / Jan 15 Pak-Gulf Leasing Company Limited(PGLC)	22.05 ▼ -1.81 (-7.59%)
Blessed Tex. / Jan 15 Blessed Textiles Limited(BTL)	320.05 ▼ -24.46 (-7.10%)
First IBL Mod. / Jan 15 First IBL Modaraba(FIBLM)	3 ▼ -0.19 (-5.96%)
Punjab Oil / Jan 15 Punjab Oil Mills Limited(POML)	143.05 ▼ -8.95 (-5.89%)
Unicap Modaraba / Jan 15 Unicap Modaraba(UCAPM)	2.90 ▼ -0.18 (-5.84%)
GOC (Pak) / Jan 15 GOC (Pak) Limited.(GOC)	67 ▼ -3.99 (-5.62%)

Stock	Volume
Cnergyico PK / Jan 15 Cnergyico PK Limited(CNERGY)	42,527,928 ▲ 0.07
Pak Refinery / Jan 15 Pakistan Refinery Limited(PRL)	38,066,803 ▲ 1.25
K-Electric Ltd. / Jan 15 K-Electric Limited(KEL)	33,447,471 ▲ 0.03
WorldCall Telecom / Jan 15 Worldcall Telecom Limited(WTL)	29,525,333 ▲ 0.02
Sui South Gas / Jan 15 Sui Southern Gas Company Limited(SSGC)	26,679,632 ▲ 0.28
Hascol Petrol / Jan 15 Hascol Petroleum Limited(HASCOL)	26,398,810 ▲ 0.18
Telecard Limited / Jan 15 Telecard Limited(TELE)	19,836,175 ▼ -0.06
Pak Stock Exchange / Jan 15 Pakistan Stock Exchange Limited(PSX)	16,136,998 ▼ -0.01
Fauji Foods Ltd / Jan 15 Fauji Foods Limited(FFL)	15,314,743 ▲ 0.12

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