News Archives for Print - 2023-12-29

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Print - 2023-12-29

Europe

Former VW boss’s market manipulation trial revived

BERLIN: A German court said Thursday it would resume the trial of former Volkswagen boss Martin Winterkorn for ...

Published 29 Dec, 2023 02:58am

Chinese ex-central bank executive sentenced to 16 years for graft

BEIJING: A former senior official at China’s central bank has been sentenced to more than 16 years in prison for...

Published 29 Dec, 2023 02:58am

Affected families of three nullahs: CM directs LG dept to start work on housing scheme

KARACHI: Caretaker Sindh Chief Minister Maqbool Baqar while presiding over a meeting to finalise the development of ...

Published 29 Dec, 2023 02:58am

Qureshi sent to 14-day judicial remand

RAWALPINDI: A local court, on Thursday, dismissed the police request to grant physical remand of Pakistan...

Published 29 Dec, 2023 02:58am

Europe

Norway fund drops Saudi Aramco, 11 other Gulf firms

OSLO: Norway’s largest pension fund said Thursday it has divested from Saudi Aramco due to the oil giant’s lack...

Published 29 Dec, 2023 02:58am

South Asia

China says Taiwan ‘hyping up’ election interference claims

BEIJING: China’s defence ministry on Thursday accused Taiwan’s leadership of “hyping up” claims that Beijing...

Published 29 Dec, 2023 02:58am

Middle East

Saudi mining company Maaden finds new gold deposits

DUBAI: Saudi Arabian Mining Company (Maaden) said on Thursday it had discovered multiple gold deposits south of its...

Published 29 Dec, 2023 02:58am

N Korea’s Kim calls for ‘accelerated’ war preparations

SEOUL: North Korean leader Kim Jong Un urged his party to “accelerate” war preparations including its nuclear...

Published 29 Dec, 2023 02:58am

South Asia

India says Qatar reduced sentence of death row ex-navy personnel

NEW DELHI: India’s foreign ministry said Thursday that Qatar had reduced the sentence of eight ex-navy personnel,...

Published 29 Dec, 2023 02:58am

Iranians mourn Guards’ commander killed in Israeli strike

TEHRAN: Thousands massed Thursday in the Iranian capital for the funeral of senior Revolutionary Guards commander...

Published 29 Dec, 2023 02:58am

Israel gives Cyprus preliminary OK for aid to Gaza by sea

JERUSALEM: Israel has given preliminary approval to Cyprus for a maritime humanitarian corridor to ship aid to the...

Published 29 Dec, 2023 02:58am

OGDCL, Al-Shifa hold free surgical eye camp in Chakwal

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), as part of its corporate social responsibility (CSR)...

Published 29 Dec, 2023 02:58am

Sindh govt to take action against stockpiling of urea

KARACHI: The government of Sindh has decided to take action against those who are stockpiling urea fertilizer and...

Published 29 Dec, 2023 02:58am

PAD prepares plan to promote farm mechanisation

LAHORE: The Punjab Agriculture department has prepared a comprehensive plan for the promotion of farming...

Published 29 Dec, 2023 02:58am

PM bans New Year celebrations

ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar has announced a ban on New Year celebrations to express...

Published 29 Dec, 2023 02:58am

Dozens arrested in pro-Palestinian protests at two major US airports

WASHINGTON: Pro-Palestinian protesters blocked morning traffic on Wednesday around Los Angeles International Airport...

Updated 29 Dec, 2023 08:51am

Cypher case: IHC stays IK’s trial in camera till Jan 11

ISLAMABAD: The Islamabad High Court (IHC) on Thursday issued a stay order on ex-prime minister Imran Khan’s...

Published 29 Dec, 2023 02:58am

Companies

Two key Signa divisions filing for insolvency

FRANKFURT: European property company Signa on Thursday said that two key divisions are filing for insolvency, a...

Published 29 Dec, 2023 02:58am

Sindh: Bilawal says nomination papers not being snatched

SUKKUR: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto strongly opposed the act of snatching the nomination...

Updated 29 Dec, 2023 08:31am

ECP rejects plea seeking removal of Fawad from caretaker cabinet

ISLAMABAD: The Election Commission of Pakistan (ECP), Thursday, rejected a petition seeking the removal of caretaker...

Published 29 Dec, 2023 02:58am

PFA unearths factory producing substandard confectioneries

LAHORE: A team of the Punjab Food Authority (PFA) has unearthed a factory producing substandard confectioneries with...

Published 29 Dec, 2023 02:58am

Pakistan’s relations with Central Asian states, Azerbaijan highlighted

ISLAMABAD: The China-Pakistan Study Centre (CPSC) at the Institute of Strategic Studies Islamabad (ISSI) hosted a...

Published 29 Dec, 2023 02:58am

A people’s economic manifesto

As the general elections approach in around one-and-a-half month, focus is just starting to shift to bringing...

Published 29 Dec, 2023 02:58am

Single window solution for Pakistan

The pivotal role of private sector in fostering the development of any economy is by now beyond any dispute and a...

Published 29 Dec, 2023 02:58am

Medical colleges: Punjab replaces traditional viva voce exam with OSVE

LAHORE: The Academic Council and Boards of Studies of the University of Health Sciences (UHS), which met here...

Published 29 Dec, 2023 02:58am

CM to formally inaugurate ‘Punjab Special Initiative Police Station’ soon

LAHORE: Inspector General Police Punjab Dr Usman Anwar has said that the modern trained public-friendly staff posted...

Published 29 Dec, 2023 02:58am

Cardiac emergencies: CM allocates Rs300m for AED equipment in 800 ambulances

LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi visited the Emergency Services Academy Thokar Niaz Baig...

Published 29 Dec, 2023 02:58am

Ex-ruling parties two sides of the same coin: JI chief

LAHORE: Chief of Jamaat-e-Islami Sirajul Haq has said that there is no substantive difference between the PML-N, the...

Published 29 Dec, 2023 02:58am

Pakistan slams India for banning another Kahmiri political party

ISLAMABAD: Pakistan, on Thursday, condemned the decision of Indian occupation authorities to declare Muslim League...

Published 29 Dec, 2023 02:58am

Obituary

KARACHI: Cotton analyst and columnist at Business Recorder, Naseem Usman Osawala’s wife has passed away here. The...

Published 29 Dec, 2023 02:58am

PHDEC hosts webinar on white onion

KARACHI: Pakistan Horticulture Development and Export Company (PHDEC) hosted a webinar focused on “Enhancements in...

Published 29 Dec, 2023 02:58am

Toshakhana case: IK, Bushra Bibi to be indicted next week

ISLAMABAD: An Accountability Court on Thursday fixed January 4 for the indictment of Pakistan Tehreek-e-Insaf (PTI)...

Published 29 Dec, 2023 02:58am

US-based freight forwarder to open office in Pakistan

KARACHI: As a US-based freight forwarder, expanding operations to Pakistan presents a great opportunity to tap into...

Published 29 Dec, 2023 02:58am

Imran will contest general elections: PTI chairman

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Gohar Ali Khan on Thursday categorically said that the founding...

Published 29 Dec, 2023 02:58am

Fazl says concerned at security situation

ISLAMABAD: While expressing serious security concerns ahead of the February 8, 2024 general elections, the Jamiat...

Published 29 Dec, 2023 02:58am

PARTLY FACETIOUS: Stage for pir manhandling has been set?

“Shah Mehmud Qureshi was manhandled by the police.” “Punjab police?” “Don’t make it an ethnic issue ...

Published 29 Dec, 2023 02:58am

Letters

‘The massacre in Gaza’

This is apropos a Business Recorder editorial “The massacre in Gaza” carried by the newspaper. The newspaper has...

Published 29 Dec, 2023 02:58am

Privilege motion against CAA director general: Senate body seeks detailed report within 15 days

ISLAMABAD: The Senate Committee on Rules of Procedure and Privileges granted 15 days time to Aviation to submit a...

Published 29 Dec, 2023 02:58am

Names of candidates not finalised so far: PML-N’s Sadiq

LAHORE: Former National Assembly speaker and senior PML-N leader Sardar Ayaz Sadiq said on Thursday that the party...

Published 29 Dec, 2023 02:58am

Stocks

Last PSX session of 2023 today: KSE-100 Index rose by 54pc in PKR terms

KARACHI: The benchmark KSE-100 Index increased by 54 percent in Pak rupee terms (23 percent in USD) after many years...

Published 29 Dec, 2023 02:58am

Stocks

Wall St edges up as year end approaches

NEW YORK: US stocks rose marginally in light trading on the penultimate trading day of 2023, with the S&P 500...

Published 29 Dec, 2023 02:58am

Stocks

European shares slip as energy, financials weigh ahead of year-end

PARIS: European shares inched lower on Thursday as weakness in banking stocks and oil majors weighed, though the...

Published 29 Dec, 2023 02:58am

Stocks

China blue-chips jump most in 5 months on foreign inflows

SHANGHAI: China blue-chip stocks staged their biggest jump in five months on Thursday on strong foreign inflows, ...

Published 29 Dec, 2023 02:58am

Stocks

Financials drive Indian benchmarks to new record highs

BENGALURU: India’s benchmark indexes hit fresh all-time highs on Thursday as strong domestic data lifted...

Published 29 Dec, 2023 02:58am

Stocks

Tokyo shares close lower

TOKYO: Tokyo stocks closed lower on Thursday as investors locked in profits and the yen drifted higher. The ...

Published 29 Dec, 2023 02:58am

The Weather

KARACHI: The weather report on Thursday (December 28, 2023) and the forecast for Friday (December 29, 2023)...

Published 29 Dec, 2023 02:58am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (December 28, 2023)....

Published 29 Dec, 2023 02:58am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (December 28, 2023). ==================================== ...

Published 29 Dec, 2023 02:58am

Rates

Stocks maintain bullish tone

KARACHI: A bullish trend continued on Pakistan Stock Exchange on the second consecutive day on the back of healthy...

Published 29 Dec, 2023 02:58am

Army commits to offering support for elections

ISLAMABAD: Pakistan Army during two days’ long Corps Commanders’ Conference committed to offering the requisite and...

Updated 29 Dec, 2023 09:00am

Imported coal-based projects: ECC okays settlement of issues with PQEPCL

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the principles for settlement of...

Updated 29 Dec, 2023 03:31pm

Anti-polio drive: PM seeks Ulema’s help

ISLAMABAD: Caretaker Prime Minister Anwaar ul Haq Kakar has appealed to the Ulema to come forward and play their...

Updated 29 Dec, 2023 09:01am

Taxes

FD Outlook misreports FBR collection data

ISLAMABAD: December Monthly Economic Update and Outlook, Finance Division publication, misreported the Federal Board...

Updated 29 Dec, 2023 02:25pm

WAPDA employees: PHC suspends notification to end free electricity

PESHAWAR: The Peshawar High Court (PHC) on Thursday suspended the decision of the caretaker government to end the...

Updated 29 Dec, 2023 08:14am

Solar panel imports: PCA South uncovers another money laundering offence

KARACHI: The Directorate of Post Clearance Audit (PCA) South has uncovered another trade-based money laundering...

Updated 29 Dec, 2023 01:47pm

Energy

Pending connections to be installed by next month: FESCO chief

FAISALABAD: There is no shortage of electricity meters in FESCO region and all the pending electricity connections...

Published 29 Dec, 2023 02:58am

Commodities

Gold prices soar

KARACHI: Gold on Thursday posted a big gain on the local market but silver stood steady, traders said. Gold prices...

Published 29 Dec, 2023 02:58am

Commodities

Agri production: Speakers call for adopting modern technologies

PESHAWAR: Eminent agricultural scientists and speakers underlined the need to introduce and adopt modern ...

Published 29 Dec, 2023 02:58am

Commodities

Gold prices firm

BENGALURU: Gold prices steadied on Thursday, after hitting a more than three-week high earlier, as an up tick in US...

Published 29 Dec, 2023 02:58am

Energy

US natural gas futures climb

KARACHI: US natural gas futures climbed nearly 3% on Wednesday, as the expiration of the January contract helped ...

Published 29 Dec, 2023 02:58am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 98,195 tonnes of cargo comprising 33,077 tonnes of import cargo and 65,118...

Published 29 Dec, 2023 02:58am

Commodities

Japanese rubber futures extend rally

SINGAPORE: Japanese rubber futures rose for the fifth consecutive session to hit a three-week high on Thursday, led...

Published 29 Dec, 2023 02:58am

Commodities

Asia coffee: Markets tepid amid year-end holidays

HANOI/BANDAR LAMPUNG: Year-end holidays subdued coffee trading in Asia, where farmers were reluctant to release...

Published 29 Dec, 2023 02:58am

Commodities

Malaysian palm oil down on weaker Dalian contracts

KUALA LUMPUR: Malaysian palm oil futures fell on Thursday after two consecutive sessions of gains, weighed down by...

Published 29 Dec, 2023 02:58am

Commodities

Asia rice-Thai rates soar to 15-year highs

BENGALURU/MUMBAI/HANOI/BANGKOK: Prices of rice exported from some Asian hubs climbed on Thursday, as supply...

Published 29 Dec, 2023 02:58am

Commodities

Copper, Aluminium retreat on profit-taking

LONDON: Copper prices retreated from the highest in nearly five months on Thursday as investors locked in profits...

Published 29 Dec, 2023 02:58am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (December 28, 2023)...

Published 29 Dec, 2023 02:58am

Cotton & Textile

Official spot rate inert on cotton market

LAHORE: The official spot rate was unchanged on the local cotton market on Thursday. Sources in the market told...

Published 29 Dec, 2023 02:58am

Commodities

Iron ore futures slide

SINGAPORE: Dalian iron ore futures declined on Thursday as market participants geared up for a sustained contraction...

Published 29 Dec, 2023 02:58am

Energy

Oil prices drift lower

LONDON: Oil prices fell more than 1% on Thursday as concerns eased about shipping disruptions along the Red Sea...

Published 29 Dec, 2023 02:58am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR15.462...

Published 29 Dec, 2023 02:58am

Rates

LME official prices

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

Published 29 Dec, 2023 02:58am

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 29 Dec, 2023 02:58am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (December 28, 2023). ========================== KIBOR...

Published 29 Dec, 2023 02:58am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (December 28, 2023). ======================== Open ...

Published 29 Dec, 2023 02:58am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (December 28, 2023)....

Published 29 Dec, 2023 02:58am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (December 28, 2023)...

Published 29 Dec, 2023 02:58am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (December 28, 2023). ======================================= ...

Published 29 Dec, 2023 02:58am

First half of Jan’24: Petroleum products’ prices may be sustained

Decision may be taken in line with marginal increase in prices of Brent globally

Updated 29 Dec, 2023 02:24pm

ECP directs Punjab govt to ensure a level playing field

ISLAMABAD: The Election Commission of Pakistan (ECP) has directed the Punjab government to ensure a level playing...

Updated 29 Dec, 2023 08:40am

ECP accepts Nawaz’s nomination papers

ISLAMABAD: The Election Commission of Pakistan (ECP) on Thursday accepted former Prime Minister Nawaz Sharif’s...

Updated 29 Dec, 2023 08:58am

Caretakers and their mandate

EDITORIAL: Whatever possessed the caretaker information minister, Murtaza Solangi, to introduce strategic ...

Published 29 Dec, 2023 02:58am

Exim Bank of Pakistan

EDITORIAL: The Export-Import (Exim) Bank of Pakistan will finally be operational. It was one of the conditions of ...

Published 29 Dec, 2023 02:58am

DFI fails to avail deduction of income as bad debt

LAHORE: A Development Financial Institution (DFI) had failed to avail deduction of income as bad debt for not ...

Published 29 Dec, 2023 02:58am

Industry

FPCCI polls: Agri sector reforms will be top priority: BMP VP

KARACHI: Rafique Suleman, former Chairman Rice Exporters Association of Pakistan (REAP) and Vice President candidate...

Published 29 Dec, 2023 02:58am

Industry

Economic policies: Govt urged to consult chambers, stakeholders

PESHAWAR: Members of the business community of Khyber Pakhtunkhwa urged the government to make proper consultation...

Published 29 Dec, 2023 02:58am

Industry

KATI, STEVTA form body to provide training to students

KARACHI: To address the shortage of skilled manpower in the industry and align vocational training with industry...

Published 29 Dec, 2023 02:58am

Industry

FPCCI SG accused of turning elections into controversial affair

KARACHI: United Business Group (UBG) leaders on Friday said that the Secretary General Federation of Pakistan ...

Published 29 Dec, 2023 02:58am

Industry

New industrial units: SBP should introduce low-cost financing scheme: FBATI

KARACHI: Syed Raza Hussain, President of the Federal B Area Association of Trade and Industries (FBATI), has urged...

Published 29 Dec, 2023 02:58am

Industry

Rural & urban areas: ADB sees stark disparities in learning levels across public, private schools

ISLAMABAD: While Pakistan has achieved remarkable progress toward universal primary education through a significant...

Published 29 Dec, 2023 02:58am

Industry

There’s dire need to reduce markup rate: UBG chief

KARACHI: United Business Group President Zubair Tufail has said there is a dire need to reduce the markup rate in ...

Published 29 Dec, 2023 02:58am

Industry

Removal of ‘soft’ & ‘hard’ encroachments: Industrialists urged to develop mechanism

HYDERABAD: The Divisional Commissioner Hyderabad Khalid Hyder Shah said that Industrialists and business community...

Published 29 Dec, 2023 02:58am

Companies

Home financing portfolio: HBFC signs term finance facility agreement with HBL

KARACHI: House Building Finance Company (HBFC), Pakistan’s pioneering specialized housing finance institution with...

Published 29 Dec, 2023 02:58am

Money & Banking

Australia, NZ dlrs at fresh five-month highs

SYDNEY: The Australian and New Zealand dollars were celebrating fresh five-month highs on Thursday as markets went...

Published 29 Dec, 2023 02:58am

Money & Banking

Dollar dips against yen

NEW YORK: The dollar fell against the Japanese yen but clawed back most of its earlier losses against the euro on...

Published 29 Dec, 2023 02:58am

Money & Banking

China’s yuan firmer

SHANGHAI: China’s yuan firmed against a weakening US dollar on Thursday, as the dollar index fell in late session...

Published 29 Dec, 2023 02:58am

Money & Banking

Asian currencies rise on US rate cut hopes

BENGALURU: Most Asian emerging market stocks rose on Thursday, while the Taiwanese dollar and the South Korean won...

Published 29 Dec, 2023 02:58am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	278.43
USD PKR Interbank Buying / May 15	278.23
USD to Japanese Yen / May 15	156.28
USD to Swiss Franc / May 15	0.91
Pound Sterling to USD / May 15	1.26
Euro to USD / May 15	1.08

Stock	Volume
S&P 500 / May 14	5246.68
Nasdaq / May 14	16511.18
Hang Seng / May 14	19073.71
Dow Jones / May 14	39558.11
India Sensex / May 15	73025.23
Tokyo Nikkei / May 15	38385.73
FTSE 100 / May 15	8467.99
Germany DAX 30 / May 15	18796.11

Item	Value
Crude Oil USD/Barrel / May 15	78.55
Karachi Cotton PKR/37.32 KG / May 15	19935
Gold 10 Grams PKR / May 15	209191
Gold Spot USD/Ounce / May 15	2361.55
Cotton US¢/pound / May 15	74.42
Petrol/Litre / May 16	273.10

Gainers
Losers
Leaders

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

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

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

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