News Archives for Print - 2023-01-04

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Print - 2023-01-04

Punjab govt spends Rs249bn in six months

LAHORE: The government led by Punjab Chief Minister Chaudhry Parvez Elahi has set a new record by utilising Rs249...

Published 04 Jan, 2023 07:26am

SU VC inspects cricket, football grounds on campus

HYDERABAD: Vice Chancellor of the University of Sindh, Jamshoro, Prof (Meritorious) Dr Muhammad Siddique Kalhoro on...

Published 04 Jan, 2023 07:26am

Weak westerly winds lead to thick fog in Punjab

LAHORE: Against the forecast of Pakistan Meteorological Department (PMD), the recent spell of westerly winds got...

Published 04 Jan, 2023 07:23am

Bilawal says Imran’s every trick has failed

DADU: Foreign Minister and PPP Chairman Bilawal Bhutto Zardari has come down hard on former premier and PTI Chairman...

Published 04 Jan, 2023 07:21am

Swati released from jail

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Senator Azam Swati was released on Tuesday from jail after he was granted...

Published 04 Jan, 2023 07:19am

Stoppage of funds: KP cabinet slams Fazl’s statement

PESHAWAR: Khyber Pakhtunkhwa Cabinet in its meeting held here the other day with Chief Minister Mahmood Khan in the...

Published 04 Jan, 2023 07:18am

Middle East

Iran upholds two death sentences, issues another over protests

TEHRAN: Iran on Tuesday upheld two death sentences for the killing of a paramilitary during nationwide protests, the...

Published 04 Jan, 2023 07:15am

US, S Korea planning response to any N Korea ‘nuclear use:’ White House

WASHINGTON: Washington and Seoul are planning an “effective coordinated” response if North Korea uses nuclear...

Published 04 Jan, 2023 07:13am

Turkey hosts Syria opposition after outreach to Assad

ISTANBUL: Turkey on Tuesday hosted the leaders of Syria’s opposition in a show of support after sparking concern...

Published 04 Jan, 2023 07:10am

Republicans vow to block McCarthy’s bid for US House Speaker

WASHINGTON: A handful of hardline US Republicans on Tuesday vowed to block Kevin McCarthy’s bid to become the...

Published 04 Jan, 2023 07:07am

Europe

Strike-hit UK faces first rail stoppage of 2023

LONDON: UK rail staff disrupted the New Year return to work on Tuesday in the latest strike action by workers in a...

Published 04 Jan, 2023 07:05am

Energy

Asia distillates: gasoil margins, premiums down

SINGAPORE: Asia’s 10-ppm sulphur gasoil margins weakened on expectations of rising supply in the next few months...

Published 04 Jan, 2023 07:01am

Energy

Dec oil sales drop by 14pc MoM to 1.34m tons

KARACHI: In December 2022 oil sales in the country decreased by 14 percent on month-on-month basis to 1.34 million...

Published 04 Jan, 2023 06:59am

Companies

Befiler raises $1.5m in seed funding

KARACHI: Country’s leading online tax filing portal Befiler has raised $1.5 million in seed funding from...

Published 04 Jan, 2023 06:57am

LG elections: JI gives Sindh govt 24-hour deadline for announcing stance

KARACHI: Jamaat-e-Islami (JI) Karachi chief Engr Hafiz Naeemur Rehman has given a 24-hour deadline to the Pakistan...

Published 04 Jan, 2023 06:48am

PPP lawmaker vows to help improve water supply, drainage systems in SITE area

KARACHI: Naz Baloch, Member National Assembly (MNA), has expressed commitment to take up the issue of pending...

Published 04 Jan, 2023 06:46am

LB elections in capital: IHC registrar objects to PTI’s contempt petition against ECP

ISLAMABAD: The Islamabad High Court (IHC) on Tuesday raised objection over the Pakistan Tehreek–e-Insaf (PTI)’s...

Published 04 Jan, 2023 06:29am

Alvi directs FUUAST to issue degree to BBA student within 15 days

ISLAMABAD: President Dr Arif Alvi has expressed his displeasure over the callous act of the Federal Urdu University...

Published 04 Jan, 2023 06:02am

Industry

Chinese delegation meets SEZA chairman

LAHORE: A Chinese delegation led by Cheng Dezhi, president of the Qingdao Law Society, held a meeting with S M...

Published 04 Jan, 2023 06:02am

Imran says fresh polls only way to clear economic mess

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has said that Pakistan is facing unprecedented economic...

Published 04 Jan, 2023 06:02am

LHC disposes of plea filed by woman over detention of sons

LAHORE: The Lahore High Court on Tuesday disposed of a petition of Irshad Bibi against the alleged detention of her...

Published 04 Jan, 2023 06:02am

NA body says PSQCA headquarters should not be shifted to capital

ISLAMABAD: The National Assembly Standing Committee on Science and Technology recommended that the headquarters of...

Published 04 Jan, 2023 06:02am

The Weather

KARACHI: The weather report on Tuesday (January 03, 2023) and the forecast for Wednesday (January 04, 2023)...

Published 04 Jan, 2023 06:02am

Non-clearance of vessels with soyabean: PPA decides to mount protest tomorrow

LAHORE: The Pakistan Poultry Association (PPA) has decided to launch a protest demonstration from Thursday to press...

Published 04 Jan, 2023 06:02am

Traders demand cuts in expenses of ministers

LAHORE: While hailing the government’s decision to close markets by 8:30pm as part of the energy conservation ...

Published 04 Jan, 2023 06:02am

PCB restores all departmental, district and zonal cricket bodies

LAHORE: Chairman of the PCB Management Committee Najam Sethi has formally approved notifications for the restoration...

Published 04 Jan, 2023 06:02am

Ahsan accuses PTI of pushing country towards instability

LAHORE: Federal Minister for Planning and Development Ahsan Iqbal has blamed the Pakistan Tehreek-e-Insaaf (PTI) is...

Published 04 Jan, 2023 06:02am

USC says consistent on provision of subsidised items under PM’s relief package

ISLAMABAD: Utility Stores Corporation (USC) is consistent in providing subsidized items to general public under ...

Published 04 Jan, 2023 06:02am

Old COE/used stores of civil armed forces exempted from tax

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted sales tax on old contingent-owned equipment (COE) or used...

Updated 04 Jan, 2023 09:45am

Maryam appointed PML-N Senior VP & chief organiser

ISLAMABAD: Prime Minister Shehbaz Sharif, who is also Pakistan Muslim League-Nawaz (PML-N) president, has appointed...

Updated 04 Jan, 2023 09:44am

Israel minister storms Al Aqsa mosque compound

OCCUPIED JERUSALEM: Israel’s new far-right national security minister Itamar Ben-Gvir briefly visited Al Aqsa...

Published 04 Jan, 2023 06:02am

Rates

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Tuesday (January 03, 2023)....

Published 04 Jan, 2023 06:02am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (January 03, 2023). ========================== KIBOR...

Published 04 Jan, 2023 06:02am

Rates

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (January 03, 2023). ========================...

Published 04 Jan, 2023 06:02am

Rates

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Tuesday (January 03, 2023). ========================...

Published 04 Jan, 2023 06:02am

Rates

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Tuesday (January 03, 2023). ======================== Offer Price 1,266.3326 Bid...

Published 04 Jan, 2023 06:02am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 04 Jan, 2023 06:02am

Stocks

Last date of renunciation/payment

KARACHI: Last dates of renunciation/payment....

Published 04 Jan, 2023 06:02am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on ...

Published 04 Jan, 2023 06:02am

Letters

An alcoholic point

According to a Business Recorder news item, Dubai has suspended a tax of 30 percent on alcohol and dropped a licence...

Published 04 Jan, 2023 06:02am

Gazans risk death at sea dreaming of life in Europe

Younis al-Shaer left Gaza dreaming of a better life in Europe, only to return to the Palestinian enclave in a ...

Published 04 Jan, 2023 06:02am

The charter we need

Without any doubt, Pakistan is in on an economic tailspin, swiftly spiraling downwards. The issue at the core is the...

Updated 04 Jan, 2023 06:24am

Pakistan: a state and its citizens in state of denial – I

On December 16, 2021 at a seminar at Hamdard University where Dr Miftah Ismail, who later became country’s finance...

Published 04 Jan, 2023 06:02am

Stocks

Wall Street drops as Apple, energy stocks decline

NEW YORK: Wall Street’s main indexes fell on the first trading day of the year following declines in Apple and...

Published 04 Jan, 2023 06:02am

Stocks

Indian shares extend gains

BENGALURU: Indian shares extended gains for the second session on Tuesday, helped by an uptick in financials on...

Published 04 Jan, 2023 06:02am

Stocks

European shares rise on Big Pharma boost

PARIS: European shares rose on Tuesday, with large-cap pharmaceutical companies boosting the main STOXX 600 index,...

Published 04 Jan, 2023 06:02am

No case of Covid’s BF.7 variant found yet: NIH

ISLAMABAD: The Ministry of National Health Services has denounced the rumours regarding the spread of Omicron’s...

Published 04 Jan, 2023 06:02am

No apparent threat from new Covid types, PM told

ISLAMABAD: A meeting to review the Covid situation in the country was informed that effective arrangements have been...

Updated 04 Jan, 2023 06:37am

Partly Facetious: A Michael Jackson song

“Blame it on the boogie.” “Yes I do like that Michael Jackson song.” “Jackson has been dead since June...

Published 04 Jan, 2023 06:02am

Rabi crops: Dry weather may scale up need for irrigation in Jan

KARACHI: The dry weather is expected to scale up the need for Rabi crops irrigation in January 2023, as the...

Published 04 Jan, 2023 06:02am

Minister blasts Imran for issuing white paper on economy

ISLAMABAD: Federal Information Minister Maryam Aurangzeb while responding to Imran Khan’s address said that those...

Published 04 Jan, 2023 06:02am

Afghan govt terms Pakistan warning ‘regrettable’

ISLAMABAD: The Afghan Taliban’s interim government has “regretted” the government of Pakistan’s warning...

Published 04 Jan, 2023 06:02am

Caretaker govt to be formed by March, says Shabbar

KARACHI: Former chairman of the Federal Board of Revenue (FBR) Shabbar Zaidi claimed Tuesday that a caretaker setup...

Published 04 Jan, 2023 06:02am

Alvi grants assent to PIMS Bill

ISLAMABAD: President Dr Arif Alvi, Tuesday, gave his assent to the Pakistan Institute of Medical Sciences Bill, ...

Published 04 Jan, 2023 06:02am

Teacher Training Institute: Minister asks ministry to submit PC-I

ISLAMABAD: Federal Minister Planning, Development and Special Initiatives Prof Ahsan Iqbal on Tuesday asked the...

Published 04 Jan, 2023 06:02am

Sherry describes climate moot as vital platform to showcase country’s response

ISLAMABAD: Minister for Climate Change Senator Sherry Rehman said on Tuesday that the International Conference on...

Published 04 Jan, 2023 06:02am

ICT police issue 29,081 e-challans to motorists

ISLAMABAD: The capital police have issued 29,081 e-challans to motorists over different traffic violations in the...

Published 04 Jan, 2023 06:02am

Energy

300MW coal-fired plant: Minister calls for ensuring 100pc power consumption

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has directed the Ministry...

Published 04 Jan, 2023 06:02am

Energy

Ogra’s activities to promote healthy environment explained

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Tuesday released details of activities undertaken by the...

Published 04 Jan, 2023 06:02am

Forex

Open market rates of foreign currencies

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

Published 04 Jan, 2023 06:02am

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 04 Jan, 2023 06:02am

Rates

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Tuesday (January 03, 2023). ======================== Offer Price...

Published 04 Jan, 2023 06:02am

Rates

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Tuesday (January 03, 2023). ======================== Offer Price...

Published 04 Jan, 2023 06:02am

Rates

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Tuesday (January 03, 2023). ======================== Offer ...

Published 04 Jan, 2023 06:02am

Rates

JLI TAKAFUL BALANCE FUND

KARACHI: JLI Takaful Balance Fund Rates on Tuesday (January 03, 2023). ======================== Offer Price...

Published 04 Jan, 2023 06:02am

Rates

JLI TAKAFUL INCOME FUND

KARACHI: JLI Takaful Income Fund Rates on Tuesday (January 03, 2023). ======================== Offer Price...

Published 04 Jan, 2023 06:02am

Rates

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 04 Jan, 2023 06:02am

Rates

Dividend/Bonus Announcements

KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange....

Published 04 Jan, 2023 06:02am

Rates

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 04 Jan, 2023 06:02am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (January 03, 2023). ==================================== BR...

Published 04 Jan, 2023 06:02am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Tuesday (January 03, 2023)....

Published 04 Jan, 2023 06:02am

Rates

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 04 Jan, 2023 06:02am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Tuesday (January 03, 2023)....

Published 04 Jan, 2023 06:02am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (January 03, 2023)....

Published 04 Jan, 2023 06:02am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (January 03, 2023). ======================== Open Bid...

Published 04 Jan, 2023 06:02am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 03, 2023)....

Published 04 Jan, 2023 06:02am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (January 03, 2023). ======================================= Offset...

Published 04 Jan, 2023 06:02am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 03, 2023)...

Published 04 Jan, 2023 06:02am

Rates

LME official prices

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

Published 04 Jan, 2023 06:02am

Commodities

LME nickel jumps 6pc, with focus on large short position

LONDON: Nickel prices on the London Metal Exchange (LME) jumped more than 6% on Tuesday to their highest in more ...

Published 04 Jan, 2023 06:02am

Commodities

Palm oil scales near 5-week closing high on supply outlook

KUALA LUMPUR: Malaysian palm oil futures jumped to a near five-week closing high in the first trading session of the...

Published 04 Jan, 2023 06:02am

Energy

Oil dives 3.5pc; trade choppy on worries about global economy

HOUSTON: Oil prices tumbled 3.5% in volatile trade on Tuesday, pressured by weak demand data from China, a gloomy...

Published 04 Jan, 2023 06:02am

Cotton & Textile

Cotton market: PCGA report shows decline in cotton arrival due to last year’s floods

LAHORE: The local cotton market on Tuesday remained bullish and the trading volume remained very low. Cotton ...

Published 04 Jan, 2023 06:02am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 03, 2023)....

Published 04 Jan, 2023 06:02am

Commodities

Honduras coffee exports fall

TEGUCIGALPA: Honduran coffee exports fell 15% year-on-year in December, the national coffee institute said on ...

Published 04 Jan, 2023 06:02am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 138,980 tonnes of cargo comprising 92,250 tonnes of import cargo and 46,730...

Published 04 Jan, 2023 06:02am

Energy

Asia fuel oil: market kicks off 2023 on stable note

SINGAPORE: Asia’s fuel oil market held steady on the first trading day of 2023, while China issued its first batch...

Published 04 Jan, 2023 06:02am

Grains

Funds end 2022 upbeat in CBOT soya complex, mixed on grains

NAPERVILLE, (Ill.): Speculators finished 2022 on a less bullish note across Chicago grains and oilseeds than in the...

Published 04 Jan, 2023 06:02am

Grains

EU 2022/23 soft wheat exports up

PARIS: European Union soft wheat exports in the 2022/23 season that started in July had reached 16.71 million tonnes...

Published 04 Jan, 2023 06:02am

Energy

US natgas price collapse cuts 2023 ‘widow maker’ premium to record low

NEW YORK: US natural gas futures dropped to a 10-month low on Tuesday, cutting the March-April spread to a record ...

Published 04 Jan, 2023 06:02am

Energy

Asia naphtha refining

NEW DELHI: Asia’s naphtha refining profit margin declined on the first trading day of the New Year, and the...

Published 04 Jan, 2023 06:02am

Energy

China raises fuel export quotas in first 2023 tranche

SINGAPORE: China has raised export quotas for refined oil products in the year’s first batch by nearly half versus...

Published 04 Jan, 2023 06:02am

Energy

Power generation from Dasu project to commence by end of 2026, Wapda chief told

LAHORE: Construction work is under progress on 12 different sites of Dasu Hydropower Project. The critical diversion...

Published 04 Jan, 2023 06:02am

Energy

250MVA transformer energised at 220kV Vehari grid station

LAHORE: Under the plan to enhance the transmission capacity of the system, the National Transmission & Despatch...

Published 04 Jan, 2023 06:02am

Rates

Stocks end negative

KARACHI: Pakistan Stock Exchange on Tuesday closed on negative note due to selling pressure as the investors opted ...

Published 04 Jan, 2023 06:02am

10 months required to complete process for 5G launch: officials

ISLAMABAD: The government would require eight to 10 months after the issuance of a policy directive to complete the...

Published 04 Jan, 2023 06:02am

Industry

FPCCI chief offers condolences over death of Yunus Tabba

KARACHI: On behalf of the entire community of businessmen, industrialists and traders of Pakistan, FPCCI President...

Published 04 Jan, 2023 06:02am

PAC examines audit report of Commerce Division

Industry

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 4	284
USD PKR Interbank Buying / Jul 4	283.75
USD to Japanese Yen / Jul 4	144.47
USD to Swiss Franc / Jul 4	0.79
Pound Sterling to USD / Jul 4	1.36
Euro to USD / Jul 4	1.18
UK LIBOR % / Jul 4	4.96

Stock	Volume
S&P 500 / Jul 3	6,279.35
Nasdaq / Jul 3	20,601.10
Dow Jones / Jul 3	44,828.53
India Sensex / Jul 4	83,432.89
Tokyo Nikkei / Jul 4	39,810.88
Hang Seng / Jul 4	23,916.06
FTSE 100 / Jul 4	8,822.91
Germany DAX 30 / Jul 4	23,787.45
France CAC40 / Jul 4	7,696.27

Item	Value
Crude Oil USD/Barrel / Jul 4	67
Karachi Cotton PKR/37.32 KG / Jul 4	16,585
Gold 10 Grams PKR / Jul 4	304,783
Gold Spot USD/Ounce / Jul 4	3,337.51
Cotton US¢/pound / Jul 4	68.46
Petrol/Litre / Jul 6	266.79
Diesel/Litre / Jul 6	272.98

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