News Archives for Print - 2025-01-18

Print - 2025-01-18

12 Indians killed serving in Russian armed forces

NEW DELHI: At least 12 Indians have died serving in the Russian armed forces, India’s foreign ministry said on...

Published 18 Jan, 2025 05:45am

Ghafoor Haideri elected NA body chairman

ISLAMABAD: The Standing Committee on Housing and Works in a meeting held on Friday, unanimously, elected Moulana...

Published 18 Jan, 2025 05:45am

HMPV spread, risks: Govt issues advisory on precautions

ISLAMABAD: The federal government has issued an advisory on precautions against the spread of Human Metapneumovirus...

Published 18 Jan, 2025 05:45am

PM welcomes C/A surplus

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday welcomed the current account surplus posted for the third...

Published 18 Jan, 2025 05:45am

Minister explains delay in pension payments, other challenges

KARACHI: Local government minister Saeed Ghani acknowledged delays in pension payments, employee dues and persistent...

Updated 18 Jan, 2025 06:50am

Cost of Hyderabad-Sukkur Motorway escalates to Rs400bn: NHA

ISLAMABAD: The cost of Hyderabad-Sukkur Motorway (M-6) is estimated to escalate and reach around Rs400 billion...

Published 18 Jan, 2025 05:45am

Boat incidents in Greece: 89 FIA officers found guilty of foul play

ISLAMABAD: As many as 89 officials of Federal Investigation Agency (FIA) were found guilty of foul play involving ...

Published 18 Jan, 2025 05:45am

Jul-Dec ICT sector export soars 28pc, NA told

ISLAMABAD: Minister of State for Information Technology Shaza Fatima Khawaja said that 28 percent export has...

Published 18 Jan, 2025 05:45am

PDWP approves development schemes

LAHORE: The Provincial Development Working Party (PDWP) Punjab approved five development schemes worth over Rs14.7...

Published 18 Jan, 2025 05:45am

IK convicted for ‘deceiving’ public: Sharjeel

KARACHI: Senior Minister Sindh Sharjeel Inam Memon on Friday said today is an important day in history of the ...

Published 18 Jan, 2025 05:45am

Sindh CM opens ‘Livestock Expo 2025’

KARACHI: Sindh Chief Minister Murad Ali Shah Friday inaugurated the Sindh Livestock Expo 2025, highlighting the...

Published 18 Jan, 2025 05:45am

Strength of nations lies in politics and culture: Bilawal

KARACHI: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has emphasised that the strength of a nation...

Updated 18 Jan, 2025 06:53am

The Weather

KARACHI: The weather report on Friday (January 17, 2025) and the forecast for Saturday (January 18, 2025)...

Published 18 Jan, 2025 05:45am

Rates

Stocks snap losing streak

KARACHI: Pakistan Stock Exchange on Friday witnessed a bullish trend and closed on strong positive note with healthy...

Published 18 Jan, 2025 05:45am

PTI says will challenge accountability court’s verdict

ISLAMABAD: Strongly condemning the conviction of ex-prime minister Imran Khan and his wife Bushra Bibi in the £190...

Published 18 Jan, 2025 05:45am

PTI says will challenge accountability court’s verdict

ISLAMABAD: Strongly condemning the conviction of ex-prime minister Imran Khan and his wife Bushra Bibi in the £190...

Published 18 Jan, 2025 05:45am

Al-Qadir Trust case: IK gets 14-year, Bushra 7-year imprisonment

ISLAMABAD: An Accountability Court on Friday sentenced Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan ...

Published 18 Jan, 2025 05:45am

JCP nominates additional judges for IHC, BHC

ISLAMABAD: The Judicial Commission of Pakistan (JCP) nominated two names for their appointment as additional judges...

Published 18 Jan, 2025 05:45am

No new PSDP uplift scheme next year

ISLAMABAD: The Senate Standing Committee on Planning has proposed that no new development project be included in the...

Published 18 Jan, 2025 05:45am

Death toll rises to 10 in supply convoy ambush

PESHAWAR: The death toll from an ambush on a convoy bringing supplies to a region besieged by sectarian fighting ...

Published 18 Jan, 2025 05:45am

Satellite launch: PM greets nation

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday felicitated the nation including the scientists on successful...

Published 18 Jan, 2025 05:45am

IK conviction merit-based: It’s an ‘open-and-shut case’: Tarar

ISLAMABAD: The federal government Friday said the conviction of former prime minister Imran Khan in the £190 ...

Published 18 Jan, 2025 05:45am

Opposition parties call for forming a ‘united front’

ISLAMABAD: In the wake of escalating political tensions following the conviction of ex-prime minister Imran Khan and...

Published 18 Jan, 2025 05:45am

9th May riots: Whether trials will also be conducted under PPC, asks SC

ISLAMABAD: The Supreme Court questioned whether the trials against the 9th May rioters in military courts were also...

Published 18 Jan, 2025 05:45am

Commodities

Gold prices slightly up

KARACHI: Gold prices saw a slight upward move on Friday, as the global bullion rates edged higher, traders said. ...

Published 18 Jan, 2025 05:45am

Cotton & Textile

Spot rate remains unchanged on cotton market

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

Published 18 Jan, 2025 05:45am

Solarisation of tubewells: Punjab agri dept receives 533,000 applications

LAHORE: The Punjab Agriculture Department (PAD) has received over 533,000 applications for the solarisation of...

Updated 18 Jan, 2025 06:52am

Maryam Nawaz’s vision transforms Punjab: A new era of social welfare and inclusion

Under the dynamic leadership of Chief Minister Maryam Nawaz, Punjab has entered a groundbreaking era of social...

Published 18 Jan, 2025 05:45am

Maryam launches Honhaar Scholarship Programme in Okara

LAHORE: Launching the “CM Honhaar Scholarship” in Okara, Chief Minister Punjab Maryam Nawaz Sharif unveiled new...

Published 18 Jan, 2025 05:45am

‘Independent electricity market’

The Federal Minister for Power Awais Leghari is reported to have informed the National Assembly this week that the...

Updated 18 Jan, 2025 06:34am

‘Tyger Tyger, burning bright, In the forests of the night…?’

It was in 1794 that one William Blake, a poet of his time, wrote that famous poem, equating the shining eyes of a...

Updated 18 Jan, 2025 06:37am

Letters

‘Tackling unemployment’

This is apropos a Business Recorder editorial “Tackling unemployment” carried by the newspaper yesterday. That...

Published 18 Jan, 2025 05:45am

PARTLY FACETIOUS: Can an Amin trump a Sadiq?

“So the meeting between Barrister Gohar, Gandapur and the Chief of Army Staff…” “Before you run at the ...

Published 18 Jan, 2025 05:45am

Stocks

Wall St set for weekly advances in countdown to Trump presidency

NEW YORK: Wall Street’s main indexes rose on Friday, with the S&P 500 and the Dow on track to log their ...

Published 18 Jan, 2025 05:45am

Stocks

Europe’s shares in longest weekly winning streak

FRANKFURT: European shares ended on a positive note on Friday, benefiting from a broad-based rally which was fuelled...

Published 18 Jan, 2025 05:45am

Stocks

China, HK stocks end the week higher on better economic data

SHANGHAI: China and Hong Kong stocks closed higher on Friday and ended the week with gains as a slew of...

Published 18 Jan, 2025 05:45am

Stocks

IT stocks drags Indian equity benchmarks to weekly losses

MUMBAI: India’s benchmark indexes declined on Friday and logged weekly losses as IT companies tumbled on mounting...

Published 18 Jan, 2025 05:45am

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 18 Jan, 2025 05:45am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (January 17, 2025). ========================== KIBOR...

Published 18 Jan, 2025 05:45am

Forex

Open market rates of foreign currencies

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

Published 18 Jan, 2025 05:45am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (January 17, 2025). ======================== Open Bid ...

Published 18 Jan, 2025 05:45am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (January 17, 2025)....

Published 18 Jan, 2025 05:45am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (January 17, 2025). ==================================== BR...

Published 18 Jan, 2025 05:45am

5 more ministries to be examined for rightsizing

Minister for Finance and Revenue Muhammad Aurangzeb chairs meeting of the Committee on Rightsizing the Federal Government

Updated 18 Jan, 2025 09:41am

Weekly SPI inflation down 0.39pc

ISLAMABAD: The Sensitive Price Index-based inflation for the week ended January 16, 2025, decreased by 0.39per cent...

Published 18 Jan, 2025 05:45am

Feb 10- Mar 5: World Bank to send mission to assess slow progress on Dasu project

ISLAMABAD: The World Bank will dispatch Implementation Support and Progress Review Mission to monitor Dasu...

Updated 18 Jan, 2025 09:14am

IMF warns countries against protectionism, subsidies

WASHINGTON: The International Monetary Fund on Friday raised its forecast for global growth in 2025 by one-tenth of ...

Published 18 Jan, 2025 05:45am

Country’s H1 FDI jumps 20pc to $1.33bn YoY

KARACHI: Foreign Direct Investment (FDI) surged by 20 percent in the first half of the current fiscal year (FY25),...

Published 18 Jan, 2025 05:45am

Rise in exports, remittances in H1 causes C/A surplus

KARACHI: Pakistan’s current account posted a surplus of over $1 billion in the first half (July-December) of the...

Published 18 Jan, 2025 05:45am

Electricity: annual rebasing from Jan 1 approved

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved the revision in the annual rebasing...

Updated 18 Jan, 2025 09:37am

Trump’s economic plans could cause inflation: IMF

WASHINGTON: Donald Trump’s economic plans risk reigniting US inflation, International Monetary Fund (IMF) chief...

Published 18 Jan, 2025 05:45am

IMF trims growth projection to 3pc

ISLAMABAD: The International Monetary Fund (IMF) has revised downward GDP growth rate projection for Pakistan to...

Updated 18 Jan, 2025 09:00am

World Bank sees slow and steady global growth

WASHINGTON: Global growth should remain stable this year and next, but at recent historic lows, the World Bank said...

Published 18 Jan, 2025 05:45am

Govt bans import of two ozone depletion substances

ISLAMABAD: The government has decided to ban import of two substances, Polyol blended with HCFC-141b and HCFC-142b,...

Published 18 Jan, 2025 05:45am

PTBA urges FBR to establish tax office in Gwadar

KARACHI: The Pakistan Tax Bar Association (PTBA) has formally requested the Federal Board of Revenue (FBR) to...

Updated 18 Jan, 2025 09:03am

‘Ineligible persons’: FBR creates data governance office

ISLAMABAD: The Federal Board of Revenue (FBR) has created a “Data Governance Office” for registration and action...

Updated 18 Jan, 2025 09:14am

Industrial consumers: Dar for providing power tariff relief

ISLAMABAD: Deputy Prime Minister/Foreign Minister Senator Ishaq Dar has directed the relevant departments to...

Updated 18 Jan, 2025 09:02am

CCoSOEs approves business plans for PBC, PTV

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Friday approved business plans submitted by...

Updated 18 Jan, 2025 09:38am

Cargo scanning systems in Karachi ordered: Irked by cross-border smuggling, PM orders action

ISLAMABAD: Unnerved to the core by the plaguing menace of corrupting foul play that has rotten the very...

Updated 18 Jan, 2025 09:40am

Revolving fund accounts: Accounting procedure revised

ISLAMABAD: The government has revised accounting procedure for revolving fund accounts (foreign aid assignment...

Updated 18 Jan, 2025 09:01am

Dec FCA: CPPA-G seeks negative adjustment of Rs1.03/unit

ISLAMABAD: The Central Power Purchasing Agency–Guaranteed (CPPA-G) has sought negative adjustment of Rs 1.0353 per...

Updated 18 Jan, 2025 09:36am

Cotton & Textile

Subsidy paid to Cotton Export Corporation liable to income tax

LAHORE: An appellate forum has held that a subsidy paid by the federal government to the Cotton Export Corporation ...

Published 18 Jan, 2025 05:45am

Implications of rising oil prices

EDITORIAL: The hike in local petrol prices, a harsh winter pushing global oil demand higher and new US sanctions on...

Updated 18 Jan, 2025 06:29am

Action against tax defaulters

EDITORIAL: Federal Board of Revenue (FBR) has decided to take strict action against tax defaulters and short-filers...

Updated 18 Jan, 2025 06:31am

Education for all – an elusive target

EDITORIAL: Following up on his declaration of an “education emergency” at a recent international conference,...

Updated 18 Jan, 2025 06:32am

Industry

High Commissioner of Rwanda, TDAP chief discuss bilateral trade cooperation

KARACHI: The High Commissioner of Rwanda, Harerimana Fatou, met with Muhammad Zubair Motiwala, Chief Executive of...

Updated 18 Jan, 2025 07:05am

Money & Banking

Asian currencies muted ahead of Trump’s inauguration

BENGALURU: Most Asian currencies were subdued on Friday from a muted greenback, ahead of US President-elect Donald...

Published 18 Jan, 2025 05:45am

Industry

FPCCI hosts seminar

KARACHI: Under the leadership of Shaukat Jilani, Convener of the Sindh Regional Committee on Consumer and Public...

Published 18 Jan, 2025 05:45am

Industry

Transforming Karachi’s waterfront: TPL Properties unveils ‘The Mangrove’ project

KARACHI: Karachi is set to witness a major transformation along its waterfront as TPL Properties unveils “The...

Published 18 Jan, 2025 05:45am

Money & Banking

Deutsche Bank declares PLS rates

KARACHI: The Deutsche Bank has declared PLS rates January 18, 2025. =============================================...

Published 18 Jan, 2025 05:45am

Companies

PSX, 1LINK ink deal to revamp book building

KARACHI: Pakistan Stock Exchange Limited (PSX) is pleased to announce the signing of an agreement between PSX and...

Published 18 Jan, 2025 05:45am

Money & Banking

Dollar strengthens against yen

NEW YORK: The dollar strengthened against the yen on Friday, but remained on track to end the week lower after a...

Published 18 Jan, 2025 05:45am

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	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
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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