News Archives for Print - 2024-02-15

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Print - 2024-02-15

HBL ventures into Esports

KARACHI: HBL enters the world of Esports with the launch of the Konnect by HBL, EAFC Gaming Tournament. The...

Published 15 Feb, 2024 05:39am

HBL-PSL-9: CM Naqvi orders foolproof security arrangements

LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi has directed authorities concerned to make excellent...

Published 15 Feb, 2024 05:39am

30 PTI activists declared fugitives

LAHORE: The Anti-Terrorism Court (ATC) on Wednesday officially declared 30 PTI activists as fugitives in the Corps...

Published 15 Feb, 2024 05:39am

NTDC MD pledges uninterrupted power supply during Ramazan

LAHORE: NTDC maintenance programme would continue to ensure uninterrupted power supply during the holy month of...

Published 15 Feb, 2024 05:39am

Four ‘independent’ Punjab MPAs join IPP

LAHORE: Four newly-elected independent members of the Punjab Assembly called on Abdul Aleem Khan on Wednesday and...

Published 15 Feb, 2024 05:39am

LHC grants post-arrest bail to Elahi

LAHORE: The Lahore High Court (LHC) on Wednesday granted post-arrest bail to PTI president and former Punjab Chief...

Published 15 Feb, 2024 05:39am

Short-term Hajj facility introduced for intended pilgrims: minister

LAHORE: Caretaker Federal Minister for Religious Affairs and Interfaith Harmony Aneeq Ahmed has said that this...

Published 15 Feb, 2024 05:39am

Israel military says ‘begins series’ of Lebanon air strikes

JERUSALEM: The Israeli military said on Wednesday its fighter jets “began a series of strikes in Lebanon”,...

Published 15 Feb, 2024 05:39am

India security forces fire tear gas at protesting farmers

AMBALA (India): Indian security forces fired tear gas at protesting farmers for a second day on Wednesday to stop...

Published 15 Feb, 2024 05:39am

Subianto claims ‘victory for all Indonesians’ in presidential vote

JAKARTA: Former general Prabowo Subianto claimed victory in Indonesia’s presidential election on Wednesday as...

Published 15 Feb, 2024 05:39am

JI urges ECP to remove anomalies as per form-45

KARACHI: Jamaat-e-Islami (JI) on Wednesday urged the ECP to follow the Sindh High Court directives in letter and...

Published 15 Feb, 2024 05:39am

Shujaat for greater unity amongst political parties

ISLAMABAD: Pakistan Muslim League-Quaid (PML-Q) president Chaudhry Shujaat Hussain on Wednesday said concerted...

Published 15 Feb, 2024 05:39am

HEC chairman explains criticality of research in PhD programmes

HYDERABAD: Dr Mukhtar Ahmed, Chairman of the Higher Education Commission (HEC) Islamabad, emphasized the pivotal ...

Published 15 Feb, 2024 05:39am

Vote recount in Hub claims two lives

QUETTA: Two political workers were killed and 12 others injured when firing was opened on a crowd gathered for...

Published 15 Feb, 2024 05:39am

Mayor apprises US delegation about issues facing Karachi

KARACHI: Mayor Karachi Barrister Murtaza Wahab on Wednesday appraised a U.S. delegation about Karachi’s major...

Published 15 Feb, 2024 05:39am

Ukrainian winter crops helped by favourable weather

KYIV: Winter weather conditions have been mostly favourable for Ukrainian winter crops, APK-Inform consultancy ...

Published 15 Feb, 2024 05:39am

Sarkozy found guilty again over campaign funds

PARIS: A Paris appeals court ruled that ex-President Nicolas Sarkozy was guilty of illegal campaign financing over...

Published 15 Feb, 2024 05:39am

South Korea establishes diplomatic ties with Cuba

SEOUL: South Korea has established diplomatic relations with Cuba, one of North Korea’s Cold War-era allies, the...

Published 15 Feb, 2024 05:39am

Saudi Arabia posts 2023 budget deficit of $22 billion

DUBAI: Saudi Arabia posted a fiscal deficit of 80.9 billion riyals ($21.57 billion) in 2023, slightly narrower than...

Published 15 Feb, 2024 05:39am

Judge-threatening case: Verdict on IK’s plea seeking production order reserved

ISLAMABAD: A local court, on Wednesday, reserved its verdict on Pakistan Tehreek-e-Insaf (PTI) founder Imran ...

Published 15 Feb, 2024 05:39am

Traffic wardens ambassadors of police dept: IG Punjab

LAHROE: Inspector General Police Punjab Dr. Usman Anwar has said that the operational responsibilities of traffic...

Published 15 Feb, 2024 05:39am

METRO join hands with SFA for training on food safety, hygiene

KARACHI: METRO in collaboration with the Sindh Food Authority (SFA) conducted a day long training session titled ...

Published 15 Feb, 2024 05:39am

ISSI hosts its latest TLF on poverty alleviation, rural support

ISLAMABAD: The Institute of Strategic Studies Islamabad (ISSI) hosted its latest “Thought Leaders Forum” (TLF)...

Published 15 Feb, 2024 05:39am

Family planning services extended to remote areas

LAHORE: A target has been set to reach 55,000 youths and married couples in the three districts of Attock, Khushab...

Published 15 Feb, 2024 05:39am

CS felicitates Maryam Nawaz for being nominated as CM

LAHORE: Punjab Chief Secretary Zahid Akhtar Zaman called on Pakistan Muslim League-Nawaz (PML-N) Chief Organizer...

Published 15 Feb, 2024 05:39am

ATC orders forfeiting properties of six PTI leaders

LAHORE: An Anti Terrorism Court on Wednesday ordered forfeiting the properties of six PTI leaders including Mian...

Published 15 Feb, 2024 05:39am

ACCA recommends diversity and inclusion culture

KARACHI: In a comprehensive survey, ACCA's Global Talent Trends 2024 highlights a critical diversity and inclusion...

Published 15 Feb, 2024 05:39am

‘Steps taken to provide maximum facilities to Hajj pilgrims’

LAHORE: The caretaker Minister for Religious Affairs and Interfaith Harmony Aneeq Ahmad has said his ministry is...

Published 15 Feb, 2024 05:39am

The Weather

KARACHI: The weather report on Wednesday (February 14, 2024) and the forecast for Thursday (February 15, 2024)...

Published 15 Feb, 2024 05:39am

SJC’s proceedings against retired judge: Ex-ISI chief, Brig Ramay submit replies

ISLAMABAD: Former ISI chief Lt Gen Faiz Hameed (Retd) and Brig Irfan Ramay (Retd) submitted that to initiate or...

Published 15 Feb, 2024 05:39am

Every institution should do its job: CJP

ISLAMABAD: Chief Justice Qazi Faez Isa said every institution should do its job, the judiciary should do its own and...

Published 15 Feb, 2024 05:39am

Another round of talks today: Dar

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) senior leader Ishaq Dar Wednesday said the two committees of the...

Published 15 Feb, 2024 05:39am

Formation of govt: First PPP-PML(N) meeting held

ISLAMABAD: The first meeting of the committees comprising the leaders of Pakistan Muslim League-Nawaz (PML-N) and...

Published 15 Feb, 2024 05:39am

New coalition echoes same old problems

ISLAMABAD: Pakistan’s newly declared coalition government echoes the 2022 alliance that ousted Imran Khan, ...

Published 15 Feb, 2024 05:39am

JUI-F chief, too, rejects election results

ISLAMABAD: The Jamiat Ulema-e-Islam Fazl (JUI-F), Wednesday, while rejecting the election results has announced...

Published 15 Feb, 2024 05:39am

SECP asks general public not to download illegal apps

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) constantly monitors social media and websites...

Published 15 Feb, 2024 05:39am

14 NAB officers promoted

ISLAMABAD: As many as 14 National Accountability Bureau (NAB) officers holding key posts in different bureaus have...

Published 15 Feb, 2024 05:39am

Kaspersky Antidrone Solution’s system can neutralise civil drones

ISLAMABAD: Kaspersky Antidrone Solution has introduced a comprehensive system in Pakistan which detects, identifies,...

Published 15 Feb, 2024 05:39am

Cigarettes consumption declines due to high govt taxes: study

ISLAMABAD: The consumption of cigarettes in Pakistan has come down as the government has taken a bold decision to...

Published 15 Feb, 2024 05:39am

Summer: CDA taking steps towards ensuring uninterrupted water supply in Islamabad

ISLAMABAD: The Capital Development Authority (CDA) is working on multiple projects to meet the acute shortage of...

Published 15 Feb, 2024 05:39am

IHC’s restrictions impeding tax recovery efforts in Islamabad?

KARACHI: The field formations of the Federal Board of Revenue (FBR) are facing difficulties in executing tax ...

Published 15 Feb, 2024 05:39am

PML-N underscores need for ‘Charter of Reconciliation’

LAHORE: The Pakistan Muslim League-Nawaz (PML-N) has called for inking the “Charter of Reconciliation” in a bid...

Published 15 Feb, 2024 05:39am

Askari Tower case: ATC asks prosecutor to provide challan’s copies to Yasmin, others

LAHORE: An Anti Terrorism Court (ATC) on Wednesday directed the prosecutor to provide copies of the Challan of ...

Published 15 Feb, 2024 05:39am

PARTLY FACETIOUS: Better form will prevail

“The Man Who Must Remain Nameless refuses to engage with the three parties that secured the maximum seats, apart...

Published 15 Feb, 2024 05:39am

Balochistan PA: ECP’s response to bill aimed at increasing number of general seats sought

ISLAMABAD: A parliamentary body on Wednesday sought the Election Commission of Pakistan (ECP)’s response on a bill...

Published 15 Feb, 2024 05:39am

Petitions against ECP: IHC reserves its verdict

ISLAMABAD: The Islamabad High Court (IHC), Wednesday, reserved its verdict in three separate petitions challenging...

Published 15 Feb, 2024 05:39am

NA-214 Tharparkar: highest voter turnout of almost 80pc recorded

ISLAMABAD: National Assembly’s seat in Sindh — NA-214 Tharparkar — recorded highest voter turnout of almost 80...

Published 15 Feb, 2024 05:39am

Alhamra Arts Centre organises programme on poetry

LAHORE: Alhamra Arts Center came alive with the poetic magic of Ali Zaryoun, a luminary born in the cultural hub of...

Published 15 Feb, 2024 05:39am

LWMC to ensure pristine environment for PSL-9 matches

LAHORE: The Lahore Waste Management Company (LWMC) has ramped up its efforts to ensure a pristine environment for...

Published 15 Feb, 2024 05:39am

Confucius Institute celebrates Chinese New Year at UAF

FAISALABAD: The Confucius Institute (CI) at the University of Agriculture Faisalabad celebrated Chinese New Year ...

Published 15 Feb, 2024 05:39am

Mr Market’s periscope

Mr Market knows best, goes the old saying, so perhaps its best to look at the wild swings at the stock exchange to...

Published 15 Feb, 2024 05:39am

Letters

‘Latest IMF projections’

This is apropos a Business Recorder op-ed “Latest IMF projections” carried by the newspaper on Tuesday. The...

Published 15 Feb, 2024 05:39am

Stocks

Wall St zig-zags higher after selloff

NEW YORK: Wall Street edged higher in volatile trading on Wednesday after a selloff in the prior session on a hot...

Published 15 Feb, 2024 05:39am

Stocks

European shares recover on soft UK inflation data

PARIS: European shares regained ground on Wednesday as a softer-than-expected UK inflation report boosted hopes of...

Published 15 Feb, 2024 05:39am

Stocks

HK stocks close higher in return from Lunar New Year holidays

HONG KONG: Hong Kong stocks closed higher on Wednesday, coming off the Lunar New Year holidays, with investors...

Published 15 Feb, 2024 05:39am

Stocks

Most Gulf markets gain on corporate earnings

DUBAI: Most stock markets in the Gulf ended higher on Wednesday after the usual flurry of annual corporate earnings,...

Published 15 Feb, 2024 05:39am

Stocks

Indian shares recover from weak start

BENGALURU: Indian shares rebounded in the final two hours of trade on Wednesday, led by a jump in public sector...

Published 15 Feb, 2024 05:39am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (February 14, 2024). ====================================...

Published 15 Feb, 2024 05:39am

Rates

PSX on path to recovery

KARACHI: Pakistan Stock Exchange (PSX) continued sharp recovery on Wednesday as political uncertainty eased after ...

Published 15 Feb, 2024 05:39am

Fixed broadband services: PTA all set to transition to OFC infrastructure

ISLAMABAD: Pakistan Telecommunication Authority (PTA) is all set to transition from legacy copper-based networks to...

Updated 15 Feb, 2024 09:47am

Nepra irked by Discos’ dismal performance

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday expressed serious disappointment at...

Updated 15 Feb, 2024 09:33am

Energy

EOUs: APTMA opposes proposed hike in gas tariff

LAHORE: Chairman All Pakistan Textile Mills Association (APTMA) North Kamran Arshad has strongly opposed the ...

Published 15 Feb, 2024 05:39am

Energy

MoU signed on consortium formation for White Oil Pipeline project

ISLAMABAD: A signing ceremony of MoU between the stakeholders on Consortium Formation for Machike-Thallian-Tarujabba...

Updated 16 Feb, 2024 01:35pm

Commodities

Malaysian palm oil futures up due to lower

NEW DELHI: Malaysian palm oil futures closed higher on Wednesday due to a bigger-than-expected fall in January...

Published 15 Feb, 2024 05:39am

Commodities

Japan rubber futures extend rally

SINGAPORE: Japanese rubber futures ended higher for a third consecutive session on Wednesday as automotive ...

Published 15 Feb, 2024 05:39am

Commodities

Chicago soybean, corn back at 3-year lows

PARIS/CANBERRA: Chicago soybean and corn futures eased on Wednesday to three-year lows while wheat fell sharply as a...

Published 15 Feb, 2024 05:39am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 164,410 tonnes of cargo comprising 101,512 tonnes of import cargo and 62,898...

Published 15 Feb, 2024 05:39am

Commodities

Gold hovers below $2,000 mark as markets tone down rate-cut bets

BENGALURU: Gold prices extended declines on Wednesday, languishing below the key $2,000-per-ounce mark, pressured by...

Published 15 Feb, 2024 05:39am

Commodities

Abundant rains lift Argentina soy, corn crops

BUENOS AIRES: Plentiful rains in recent days across Argentina’s main growing regions have provided much-needed...

Published 15 Feb, 2024 05:39am

Commodities

Raw sugar prices ease on Brazil rains; cocoa also dips

LONDON: Raw sugar futures on ICE fell on Wednesday, with rains in Brazil potentially improving the outlook for cane...

Published 15 Feb, 2024 05:39am

Commodities

French wheat stocks seen hitting 19-year high

PARIS: Farm office FranceAgriMer on Wednesday raised its forecast for French soft wheat stocks at the end of this...

Published 15 Feb, 2024 05:39am

Commodities

Copper slips on interest rate worries

LONDON: Copper prices drifted lower on Wednesday as speculators stepped up selling on the back of US inflation data...

Published 15 Feb, 2024 05:39am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (February 14, 2024)...

Published 15 Feb, 2024 05:39am

Cotton & Textile

Selective buying on cotton market

LAHORE: The local cotton market on Wednesday remained stable and the trading volume was satisfactory. Cotton ...

Published 15 Feb, 2024 05:39am

Commodities

Japan to seek 60,000 tons of feed wheat

TOKYO: Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) said on Wednesday that it will seek 60,000...

Published 15 Feb, 2024 05:39am

Energy

Oil slips as US crude build counters upbeat demand forecast

NEW YORK: Oil futures slipped on Wednesday as surging US crude inventories weighed on prices, but losses were ...

Published 15 Feb, 2024 05:39am

Rates

LME official prices

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

Published 15 Feb, 2024 05:39am

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 Feb, 2024 05:39am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (February 14, 2024). ========================== ...

Published 15 Feb, 2024 05:39am

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 Feb, 2024 05:39am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (February 14, 2024). ======================== Open ...

Published 15 Feb, 2024 05:39am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (February 14, 2024)....

Published 15 Feb, 2024 05:39am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 14, 2024)....

Published 15 Feb, 2024 05:39am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (February 14, 2024). =======================================...

Published 15 Feb, 2024 05:39am

Moody’s speaks of elevated political uncertainty

Prolonged delays in formation of govt will increase policy and political uncertainty at a time when it faces very challenging macroeconomic conditions

Updated 15 Feb, 2024 11:56am

Senators criticise ‘unbearable’ rise in energy tariffs

ISLAMABAD: The members of the Senate Standing Committee on Finance on Wednesday vehemently criticised what they...

Updated 15 Feb, 2024 09:48am

Hike in gas prices approved by ECC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved an increase in gas prices effective...

Updated 15 Feb, 2024 08:42am

Textile exporters blame govt for ‘economic disaster’

KARACHI: The interim rule has again drawn severe criticism for “intruding” into the economic matters that left the...

Updated 15 Feb, 2024 08:42am

Govt shares in FWBL likely to be sold to UAE

ISLAMABAD: The government is likely to sell GoP shares in First Women Bank Limited (FWBL) to United Arab Emirates...

Updated 15 Feb, 2024 09:33am

World demand for LNG jumps 50pc by 2040: Shell

LONDON: British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more...

Published 15 Feb, 2024 05:39am

FTO decides Rs17.742bn refund claims in 2023

ISLAMABAD: The Federal Tax Ombudsman (FTO) has addressed the grievances of the taxpayers by processing 8,963 cases...

Updated 15 Feb, 2024 09:51am

Govt securities: federal govt borrows less than target

KARACHI: The federal government on Wednesday borrowed less than the target through the sale of long-term government...

Updated 15 Feb, 2024 09:48am

Rising energy costs: APTMA says 50pc industry at high risk of closure

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has again raised its voice against high electricity and...

Published 15 Feb, 2024 05:39am

Immoveable property: PHC strikes down Sec 7E of Income Tax Ordinance

ISLAMABAD: The Peshawar High Court (PHC) has declared that Section 7E of the Income Tax Ordinance, 2001, which...

Updated 15 Feb, 2024 06:04am

Rescheduling loans: PALSP told to talk with SBP, Finance Division

ISLAMABAD: An Inter-Ministerial Meeting has asked Pakistan Association of Large Steel Producers (PALSP) to take up...

Updated 15 Feb, 2024 08:43am

Gang behind bogus GST invoices busted

ISLAMABAD: The Directorate of Intelligence & Investigation (Inland Revenue), Islamabad has busted an organised...

Published 15 Feb, 2024 05:39am

Bank’s customer fails to avert recovery proceedings on weak assertions

Money & Banking

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 8	278.28
USD PKR Interbank Buying / May 8	278.03
USD to Japanese Yen / May 8	155.25
USD to Swiss Franc / May 8	0.91
Pound Sterling to USD / May 8	1.25
Euro to USD / May 8	1.07

Stock	Volume
S&P 500 / May 7	5187.70
Nasdaq / May 7	16332.56
Dow Jones / May 7	38884.26
India Sensex / May 8	73566.30
Tokyo Nikkei / May 8	38202.37
Hang Seng / May 8	18325.35
FTSE 100 / May 8	8354.28
Germany DAX 30 / May 8	18528.77

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	19935
Petrol/Litre / May 8	288.49
Crude Oil USD/Barrel / May 8	77.89
Gold 10 Grams PKR / May 8	205075
Gold Spot USD/Ounce / May 8	2314.41
Diesel/Litre / May 8	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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