News Archives for Print - 2023-07-17

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Print - 2023-07-17

Kerry arrives in China to restart climate talks

BEIJING: US climate envoy John Kerry arrived in China on Sunday, state media reported, to restart stalled talks...

Published 17 Jul, 2023 03:47am

Derogatory, inappropriate contents: Ministry calls for awareness drive to stop misuse of social media platforms

ISLAMABAD: The Ministry of Religious Affairs and Interfaith Harmony has emphasized the urgent need for awareness...

Published 17 Jul, 2023 03:47am

Cricket

‘There’re no shortcuts in life,’ says Jamal

LAHORE: There are no shortcuts in life, there is a certain process that one has to go through and it is only after...

Published 17 Jul, 2023 03:47am

‘Climate March’ highlights importance of clean city

KARACHI: The participants of a ‘Climate March’ on Sunday stressed the need for a clean environment and...

Published 17 Jul, 2023 03:47am

PBF resents removal of caretaker minister in KP

PESHAWAR: Senior Vice President of Pakistan Business Forum (PBF) Muhammad Riaz Khattak has urged the Khyber...

Published 17 Jul, 2023 03:47am

Karachi among top 5 ‘least liveable’ cities: rulers urged to take notice

KARACHI: The megacity of Karachi continues to be amongst least liveable cities, as the rulers at federal, provincial...

Published 17 Jul, 2023 03:47am

Iran relaunches police patrols against veil violations

TEHRAN: Iranian police on Sunday relaunched patrols to catch the increasing number of women leaving their hair...

Published 17 Jul, 2023 03:47am

Countries agree to extend digital services tax freeze through 2024

PARIS: With the exception of Canada, countries with digital services taxes have agreed to hold off applying them for...

Published 17 Jul, 2023 03:47am

PPP decides to join G-B regional govt

GILGIT: Pakistan People’s Party has decided to be a partner in the newly installed government of Gilgit-Baltistan...

Published 17 Jul, 2023 03:47am

First Judicial Protection Unit established to beef up judges’ security

ISLAMABAD: Following the special directives of Prime Minister Mian Shehbaz Sharif and the special interest of...

Published 17 Jul, 2023 03:47am

Dengue: health expert calls for launch of awareness campaign

LAHORE: The citizens to ensure a clean and neat environment to stay safe from the diseases as healthy people could...

Published 17 Jul, 2023 03:47am

‘Regional Inter-District Senior’ tournament begins

LAHORE: The Regional Inter-District Senior tournament 2023-2024 which get underway on Sunday will help nurture new...

Published 17 Jul, 2023 03:47am

Zubaida underscores need for revisiting Balochistan’s share in NFC

QUETTA: Member National Assembly of Pakistan and Vice Chairperson of Pakistan Business Forum (PBF) Balochistan...

Published 17 Jul, 2023 03:47am

Private sector wants to sign MoU with SAU

HYDERABAD: Private sector has expressed interest in agriculture related industrial raw material of textile industry...

Published 17 Jul, 2023 03:47am

The Weather

KARACHI: The weather report on Sunday (July 16, 2023) and the forecast for Monday (July 17, 2023)....

Published 17 Jul, 2023 03:47am

Free laptops: a recipe for success?

Free laptop schemes such as the one launched by Shehbaz Sharif for lower income groups can work in a number of ways....

Published 17 Jul, 2023 03:47am

No significant investment can be attracted without meaningful reforms

IMF’s (International Monetary Fund’s) SBA (Stand-By Arrangement) was a surprise for almost everyone, including...

Published 17 Jul, 2023 03:47am

Economic policy consensus: It’s not always a good thing

There are two sides to a coin as they are to any argument – be it the result of informed debate and subsequent...

Published 17 Jul, 2023 03:47am

Stocks

FTSE 100 closes lower at the end of best week in three months

LONDON: Britain’s FTSE 100 edged lower on Friday as a drop in oil stocks outweighed gains in industrials, while ...

Published 17 Jul, 2023 03:47am

Stocks

China stocks log best week in months

SHANGHAI: China stocks rose slightly on Friday following last session’s jump and logged their best week in months...

Published 17 Jul, 2023 03:47am

Stocks

European shares close slightly lower

PARIS: European shares edged slightly lower on Friday, but that did little to change their biggest weekly percentage...

Published 17 Jul, 2023 03:47am

Stocks

S&P 500 flat; bank shares mixed after results

NEW YORK: The S&P 500 was close to unchanged in afternoon trading Friday as bank and other financial shares were...

Published 17 Jul, 2023 03:47am

Civil society urges political parties to prioritise girls’ education

PESHAWAR: Civil Society Organizations have urged all political parties to make girls’ education and gender parity...

Published 17 Jul, 2023 03:47am

Cabinet takes major step aimed at strengthening cyber-security

ISLAMABAD: Federal Minister for IT and Telecom Syed Amin ul Haque has said that move to strengthen the country’s...

Published 17 Jul, 2023 03:47am

Muharram security: Procession route inspected

KARACHI: Transition Officer Naveed Khan Kolachi along with Focal Person Tauqeer Abbas and other officers inspected...

Published 17 Jul, 2023 03:47am

Aseefa to contest next general elections

KARACHI: Pakistan People’s Party (PPP) has decided to field Aseefa Bhutto Zardari, daughter of former Prime...

Published 17 Jul, 2023 03:47am

Zardari reaches Islamabad

ISLAMABAD: Pakistan Peoples Party (PPP) co-chairperson and former president Asif Ali Zardari has arrived in ...

Published 17 Jul, 2023 03:47am

Four members of CCP appointed

ISLAMABAD: The federal cabinet has appointed four members of the Competition Commission of Pakistan (CCP) by...

Published 17 Jul, 2023 03:47am

Permanent jobs: Punjab Ombudsman intercedes on behalf of public complaints

LAHORE: In the latest development, the Office of the Ombudsman Punjab has successfully interceded on public...

Published 17 Jul, 2023 03:47am

Mayor orders cleaning of drains before rains

KARACHI: Mayor Karachi Barrister Murtaza Wahab has said that drains should be cleaned before expected rains....

Published 17 Jul, 2023 03:47am

Speakers say Bhittai introduced Rumi to Sindh

HYDERABAD: Writers and Intellectuals termed modern Sufism as theory of social reforms and said that Shah Abdul Latif...

Published 17 Jul, 2023 03:47am

Life threatening diseases: President for prevention, early diagnosis

ISLAMABAD: President Dr Arif Alvi Thursday called for prevention and early diagnosis of diseases like breast cancer...

Published 17 Jul, 2023 03:47am

Power breakdown hits water supply

KARACHI: A 72-inch diameter pipeline No. 5 was affected following a power breakdown at Karachi’s Dhabeji water...

Published 17 Jul, 2023 03:47am

PM expresses sorrow over loss of lives in accident

ISLAMABAD: Prime Minister Shehbaz Sharif has expressed grief and sorrow over the loss of lives in a tourist bus...

Published 17 Jul, 2023 03:47am

River Sutlej inundates localities, destroys crops

LAHORE: Several localities were submerged and crops sown over several acres of land were destroyed after 76, 000...

Published 17 Jul, 2023 03:47am

Sindh governor signs bill: Lenders to face 5-year jail term for harassing debtors

KARACHI: Sindh Governor Kamran Tessori signed the Sindh Private Loans Bill 2023, enabling imposition of strict...

Published 17 Jul, 2023 03:47am

Governor for promotion of religious, cultural tourism

LAHORE: Expressing his determination and desire for promotion of tourism, especially religious and cultural ...

Published 17 Jul, 2023 03:47am

Women University, Swabi Chamber join hands to foster research

PESHAWAR: Women University of Swabi (WUS) and the Swabi Chambers of Commerce and Industry (SCCI) have signed a...

Published 17 Jul, 2023 03:47am

US extending a helping hand to KP govt to digitise land records

PESHAWAR: The US government is partnering with the Government of Khyber Pakhtunkhwa to strengthen transparency and...

Published 17 Jul, 2023 03:47am

PML-N leader steps up criticism of PTI’s policies

SIALKOT: Defence Minister Khawaja Muhammad Asif on Sunday lambasted the Pakistan Tehreek-e-Insaf (PTI), saying the...

Published 17 Jul, 2023 03:47am

Faisalabad, Sargodha, Sahiwal: Muharram arrangements discussed

FAISALABAD: On the directives of caretaker Chief Minister Punjab Mohsin Naqvi, the Standing Cabinet Committee for ...

Published 17 Jul, 2023 03:47am

Letters

‘Tax targets versus tax gap’

This is apropos a Business Recorder two-part op-ed ‘Tax targets versus tax gap’ carried by the newspaper on...

Published 17 Jul, 2023 03:47am

Balochistan CM assails PDM govt

QUETTA: Balochistan Chief Minister Abdul Quddus Bizenjo lashed out at the Pakistan Democratic Movement (PDM) led...

Published 17 Jul, 2023 03:47am

Key accused in Margalla rape case arrested

ISLAMABAD: After three days of shocking incident, the Islamabad Police on Sunday arrested a key accused in the case...

Published 17 Jul, 2023 03:47am

Tough decisions taken to overcome challenges: Hamza

LAHORE: Former Punjab chief minister Hamza Shehbaz on Sunday said the incumbent government had taking tough ...

Published 17 Jul, 2023 03:47am

Interest-based economy: JI brings scholars, academia and others on board

KARACHI: Jamaat-e-Islami (JI) Karachi took onboard religious scholars, experts, academia and other stakeholders,...

Published 17 Jul, 2023 03:47am

Sindh: MQM-P leader calls for judicious use of revenues

KARACHI: Muttahida Qaumi Movement-Pakistan Deputy Convener Mustafa Kamal said on Sunday that only MQM can take the...

Published 17 Jul, 2023 03:47am

Rates

Your rupee last half year

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last half year. (January 03...

Published 17 Jul, 2023 03:47am

Rates

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (July 10 to 14,...

Published 17 Jul, 2023 03:47am

PM briefed on PIA reforms

LAHORE: Federal Minister for Railways and Civil Aviation Khawaja Saad Rafique called on Prime Minister Muhammad...

Updated 17 Jul, 2023 09:22am

Exporters’ issues: PM for establishing one-window facilitation centres

SIALKOT: Prime Minister Shehbaz Sharif on Sunday directed the formulation of a policy for the establishment of...

Updated 17 Jul, 2023 09:39am

Pensioners, senior citizens, Shuhada’s families: FBR urged to address issue of reduction in income tax liability

ISLAMABAD: The Federal Board of Revenue (FBR) Policy Wing should immediately address an issue of reduction in income...

Updated 17 Jul, 2023 09:37am

POL products: Rupee slide arrest has helped govt cut prices: PM

Says he would accept public mandate in the upcoming polls

Updated 17 Jul, 2023 10:10am

Yellen ‘eager’ to work with China on debt, other global challenges

GANDHINAGAR, India): US Treasury Secretary Janet Yellen said on Sunday she was “eager” to work with China on...

Published 17 Jul, 2023 03:47am

Rates

Futures spread down 480bps

KARACHI: The futures spread declined by 480bps to 14.43 percent on the last day of the outgoing week. Trading...

Published 17 Jul, 2023 03:47am

Rates

PSX witnesses bullish trend

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on July 14, 2023 on the back...

Published 17 Jul, 2023 03:47am

O&M costs: CPPA-G accused of taking ‘unlawful’ actions against LEL

ISLAMABAD: M/s Hub Power Company (Hubco) has accused Central Power Purchasing Agency- Guaranteed (CPPA-G) of taking...

Updated 17 Jul, 2023 09:10am

Govt to set up authority to regulate private security agencies

ISLAMABAD: The Federal Government has decided to set up an Authority to regulate services of private security...

Updated 17 Jul, 2023 09:30am

Savage heatwaves strike globe as wildfires rage

ROME: Scorching weather gripped three continents on Sunday, whipping up wildfires and threatening to topple...

Updated 17 Jul, 2023 08:38am

SEZs to facilitate Chinese investment: govt

ISLAMABAD: Planning Minister Ahsan Iqbal has said that Special Economic Zones (SEZs) will facilitate Chinese...

Updated 17 Jul, 2023 09:11am

Financial close of M-6: NHA approves extension of time

ISLAMABAD: The National Highways Authority (NHA) Executive Board approved the extension of time in achievement of...

Updated 17 Jul, 2023 12:37pm

Wagner fighters arrive in C Africa: Russian security group

MOSCOW: Several hundred “experienced” Wagner fighters have arrived in the Central African Republic to secure a...

Updated 17 Jul, 2023 09:38am

Russia seizes shares of Danone and Carlsberg subsidiaries

MOSCOW: Russia took control of shares belonging to French agribusiness Danone and brewer Carlsberg, according to a...

Updated 17 Jul, 2023 08:33am

Rates

PKR settles with marginal appreciation

KARACHI: The rupee settled with a marginal appreciation of 0.11% against the US dollar during the previous week, as...

Published 17 Jul, 2023 03:47am

10 years of CPEC: a success story?

EDITORIAL: The governments of Pakistan and China celebrated the 10th Anniversary of the CPEC (China Pakistan ...

Published 17 Jul, 2023 03:47am

Green Pakistan again?

EDITORIAL: There’s no doubt that Pakistan desperately needs another green revolution; like the one in the 1960s...

Published 17 Jul, 2023 03:47am

Commodities

Copper pulls back on doubts about rates, China stimulus

LONDON: Copper prices eased on Friday after two days of strong gains due to worries that expectations for a halt to...

Published 17 Jul, 2023 03:47am

Energy

Oil prices fall on profit-taking

BENGALURU: Oil prices fell more than a dollar a barrel on Friday as the dollar strengthened and oil traders booked...

Published 17 Jul, 2023 03:47am

Commodities

Gold poised for best week in 3 months

NEW YORK: Gold prices eased on Friday but were on track for their biggest weekly gain since April, after signs of...

Published 17 Jul, 2023 03:47am

Commodities

Palm oil extends weekly gains on rival oil strength

SINGAPORE: Malaysian palm oil futures ended with a modest recovery on Friday and logged a third consecutive weekly...

Published 17 Jul, 2023 03:47am

Prices of essential items show a mixed trend

PESHAWAR: Mixed trend in prices of important kitchen items was witnessed in the retail markets, said in a survey...

Published 17 Jul, 2023 03:47am

Money & Banking

Habib Metropolitan Bank declares: PLS profit rates

TEXT: Following are the rates of Profit on various types of PLS Deposit for the period of six months ended June 30,...

Published 17 Jul, 2023 03:47am

Cotton & Textile

Weekly Cotton Review: Bullish trend prevails

KARACHI: A bullish trend prevailed in the cotton market. To keep the cotton prices stable, Trading Corporation of...

Published 17 Jul, 2023 03:47am

UK formally signs up to trans-Pacific trading bloc

LONDON: The UK government on Sunday hailed what it said was its biggest trade deal since Brexit, as it formally...

Published 17 Jul, 2023 03:47am

India’s trade deficit at $20.13bn in June

NEW DELHI: India’s merchandise trade deficit in June stood at $20.13 billion, according to a Reuters calculation...

Published 17 Jul, 2023 03:47am

Money & Banking

World Bank chief names CEOs to aid climate finance ‘lab’ effort

WASHINGTON: The World Bank on Monday named the 15 chief executive officers including financiers and asset managers...

Published 17 Jul, 2023 03:47am

Germany plans to offer companies $6.6bn a year in tax relief

BERLIN: Germany’s finance ministry plans to offer companies a tax relief package of around 6 billion euros ($6.61...

Published 17 Jul, 2023 03:47am

US economic activity rose slightly in recent weeks, Fed survey

WASHINGTON: US economic activity increased slightly in recent weeks, with slow growth seen continuing in coming...

Published 17 Jul, 2023 03:47am

Global public debt hits record $92 trillion: UN report

LONDON: Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such ...

Published 17 Jul, 2023 03:47am

JPMorgan, Wells Fargo prepare for losses on office loans

NEW YORK: JPMorgan Chase and Wells Fargo said on Friday they set aside more money for expected losses from ...

Published 17 Jul, 2023 03:47am

BlackRock beats profit estimates on robust inflows

NEW YORK: BlackRock Inc on Friday beat second-quarter profit estimates, as investors continued to pour money into ...

Published 17 Jul, 2023 03:47am

Money & Banking

Citigroup profits drop less than expected

NEW YORK: Citigroup beat analysts’ estimates for second-quarter profit on Friday as higher interest payments from...

Published 17 Jul, 2023 03:47am

Money & Banking

StanChart to sell five sub-Saharan Africa businesses to Access Bank

DUBAI: Standard Chartered said on Friday it has reached an agreement to sell its subsidiaries in five sub-Saharan...

Published 17 Jul, 2023 03:47am

Commodities

Wheat flour prices rise sharply

KARACHI: Flour prices in Karachi have scaled a new peak of Rs3200 per 20-kilogramme bag, data from the Pakistan...

Published 17 Jul, 2023 03:47am

TDAP taking part in Imam Abu Hanifa expo, trade fair

KARACHI: The Trade Development Authority of Pakistan (TDAP) is participating in the Imam Abu Hanifa 2nd National and...

Published 17 Jul, 2023 03:47am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday July 16, 2023

Published 17 Jul, 2023 03:47am

Money & Banking

US dollar perks up after sharp losses

NEW YORK: The US dollar recovered modestly on Friday after falling sharply the last few days, as investors...

Published 17 Jul, 2023 03:47am

Industry

Economic development: PM urges women to play active role

SIALKOT: Prime Minister Muhammad Shehbaz Sharif on Sunday urged women to come forward and ramp up their vital roles...

Published 17 Jul, 2023 03:47am

Industry

IWCCI president calls for ‘technocrat setup’

ISLAMABAD: Samina Fazil, founder president of the Islamabad Women’s Chamber of Commerce and Industry (IWCCI) said...

Published 17 Jul, 2023 03:47am

Industry

Base power tariff hike to hurt economy, says FPCCI’s BMP

LAHORE: As the government has increased electricity tariff by almost Rs5, taking base tariff up to Rs 29.78 under ...

Published 17 Jul, 2023 03:47am

Industry

Three-day furniture expo begins in KP

PESHAWAR: Special Assistant to the Caretaker Chief Minister Khyber Pakhtunkhwa on Labor, Malik Meher Elahi...

Published 17 Jul, 2023 03:47am

Industry

KP govt team to participate in Kabul investment moot

PESHAWAR: A high-level delegation consisting of the officials from various subsidiaries of the Department of...

Published 17 Jul, 2023 03:47am

Companies

Musk says Twitter has lost half its advertising revenue

NEW YORK: Twitter has lost roughly half of its advertising revenue, according to owner Elon Musk, since he bought ...

Published 17 Jul, 2023 03:47am

Companies

Xiaomi bets bigger on India retail stores amid Samsung rivalry

NEW DELHI: China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on...

Published 17 Jul, 2023 03:47am

Companies

Huawei poised to overcome US ban with return of 5G phones

SHENZHEN (China): China’s Huawei Technologies is plotting a return to the 5G smartphone industry by the end of ...

Published 17 Jul, 2023 03:47am

Companies

Tesla looking to make about half million EVs annually in India

BENGALURU: Tesla is discussing an investment proposal with the Indian government to set up a factory with an annual...

Published 17 Jul, 2023 03:47am

Companies

Corporate net debt hit record in 2022/23, but borrowing appetite to decline: report

LONDON: Companies around the globe took on a record $456 billion of net new debt in 2022/23, although higher ...

Published 17 Jul, 2023 03:47am

Companies

BP, Total win in $14bn German offshore wind site tender

FRANKFURT/LON DON: Oil majors BP and TotalEnergies emerged as the winners in a 7 gigawatt (GW) offshore wind site...

Published 17 Jul, 2023 03:47am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	278.33
USD PKR Interbank Buying / May 13	278.13
USD to Japanese Yen / May 13	155.86
USD to Swiss Franc / May 13	0.91
Pound Sterling to USD / May 13	1.25
Euro to USD / May 13	1.08

Stock	Volume
S&P 500 / May 10	5222.68
Nasdaq / May 10	16340.87
Dow Jones / May 10	39512.84
India Sensex / May 13	72058.22
Tokyo Nikkei / May 13	38179.46
Hang Seng / May 13	19101.30
FTSE 100 / May 13	8440.89
Germany DAX 30 / May 13	18764.87

Item	Value
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Crude Oil USD/Barrel / May 13	78.49
Gold Spot USD/Ounce / May 13	2349.25
Cotton US¢/pound / May 13	77.67
Petrol/Litre / May 14	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 14 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 14 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 14 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 14 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 14 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 14 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 14 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 14 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 14 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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