News Archives for Print - 2023-06-29

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Print - 2023-06-29

Prigozhin aimed to capture Russian generals: report

WASHINGTON: Wagner army chief Yevgeny Prigozhin aimed to detain the heads of the Russian military in last week’s...

Published 29 Jun, 2023 04:19am

France braces for protests after ‘unforgivable’ police shooting

PARIS: France braced for more angry protests Wednesday after the killing of a teenager by police during a traffic...

Published 29 Jun, 2023 04:19am

Companies

Nissan installed camera to monitor No. 2’s home

TOKYO: Nissan installed a camera surveillance system at the home of former executive Ashwani Gupta so the...

Published 29 Jun, 2023 04:19am

Trump heard discussing secret documents on tape

WASHINGTON: Former US president Donald Trump can be heard discussing secret documents he had apparently held on to...

Published 29 Jun, 2023 04:19am

Eid festivities and monsoon season: KE advises caution

KARACHI: KE requested citizens to be vigilant and maintain best and safe practices during the Eid celebrations and...

Published 29 Jun, 2023 04:19am

CM, ACE praised for probing ‘corruption’ in ‘PU Town 3’

LAHORE: The Executive Committee of Punjab University Council of Professionals (PU CoPs) including its members of...

Published 29 Jun, 2023 04:19am

‘Increase in policy rate to further damage investment climate’

KARACHI: Former State minister and former chairman Board of Investment Muhammad Azfar Ashan has said that increase ...

Published 29 Jun, 2023 04:19am

The Weather

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

Published 29 Jun, 2023 04:19am

China, Pakistan sign agreement to co-build ‘Chuyi Workshop’

BEIJING: China’s Hunan Chemical Vocational Technology College (HCVTC) and Infinity School of Engineering, Pakistan...

Published 29 Jun, 2023 04:19am

Energy

Asia Naphtha, Gasoline-Naphtha margin gains as crude weakens

NEW DELHI: Asia’s naphtha refining profit margin rose for a second day on Wednesday after oil benchmarks weakened...

Published 29 Jun, 2023 04:19am

‘I know something I won’t tell’

I wonder why this trend of ‘I know something extremely important, but I’m not telling anything’ is all the ...

Published 29 Jun, 2023 04:19am

An indecent rendezvous–I

Americans since the Kennedy years have been in romance with India. The credit for this goes to Jawaharlal Nehru’s...

Published 29 Jun, 2023 04:19am

Letters

Criticality of increased inward FDI flows

This apropos a Business Recorder op-ed “Country perception and FDI” carried by the newspaper recently. The...

Published 29 Jun, 2023 04:19am

BNP mulling withdrawing support to ruling coalition?

QUETTA: The Balochistan National Party (BNP), a main ally of the ruling coalition, is reportedly upset with the...

Published 29 Jun, 2023 04:19am

Commodities

Gold prices up Rs1800/tola

****KARACHI: Gold prices on Wednesday made a big recovery on the local market, traders said.** Gold prices grew by...

Published 29 Jun, 2023 04:19am

KMC finalises arrangements for Eid prayers at Polo Ground

KARACHI: The arrangements for Eidul Azha prayer have been completed in the Polo Ground managed by KMC. The Eid...

Published 29 Jun, 2023 04:19am

Energy

Asia Fuel Oil-Spot 180-cst HSFO trades at steeper discounts

SINGAPORE: The spot 180-cst high sulphur fuel oil (HSFO) market sank into steeper discounts on Wednesday, after the...

Published 29 Jun, 2023 04:19am

Grains

Corn near five-week low, soybeans fall on US rains

SINGAPORE: Chicago corn lost more ground on Wednesday, while soybeans slid for a second session as forecasts of ...

Published 29 Jun, 2023 04:19am

Commodities

Copper sinks on weak China industrial profits

LONDON: Copper prices stumbled on Wednesday to the lowest in over three weeks on concern about weak industrial...

Published 29 Jun, 2023 04:19am

Commodities

Live cattle futures end higher, lean hogs end mixed

CHICAGO: Chicago Mercantile Exchange live cattle futures rose on Tuesday, rallying after two-session slide as corn...

Published 29 Jun, 2023 04:19am

Nine of a family massacred in Malakand

MALAKAND: As many as nine members of a family were gunned down inside their house over a domestic dispute in ...

Published 29 Jun, 2023 04:19am

PML-N leader demands action against ‘launchers’ of ‘Project Chairman PTI’

LAHORE: Federal Minister and PML-N leader Mian Javed Latif said on Wednesday that general elections in the country...

Published 29 Jun, 2023 04:19am

Khosa house attacker arrested

LAHORE: Lahore police have arrested the main culprit of the firing incident at Advocate Latif Khosa’s House. The...

Published 29 Jun, 2023 04:19am

Ex-minister, city mayor held at Swat

SWAT: The authorities on Wednesday arrested PTI former Khyber Pakhtunkhwa minister Dr Amjad Ali and city mayor ...

Published 29 Jun, 2023 04:19am

3 terrorists killed in Bajaur: ISPR

RAWALPINDI: Security forces conducted an Intelligence Based Operation in general area Inayat Qilla, Bajaur District...

Published 29 Jun, 2023 04:19am

May 9 mayhem: 17 army officers removed through an administrative action: Khaqan

ISLAMABAD: Former prime minister and PML-N leader Shahid Khaqan Abbasi has maintained that sacking of 17 army...

Published 29 Jun, 2023 04:19am

Pre-monsoon rains: KP PDMA issues guidelines

PESHAWAR: Keeping in view more pre-monsoon rains, the Provincial Disaster Management Authority (PDMA) Khyber...

Published 29 Jun, 2023 04:19am

Senate chief’s perks: Sanjrani defends controversial bill

ISLAMABAD: Senate Chairman Sadiq Sanjrani has presented himself for accountability after resigning from his office...

Updated 29 Jun, 2023 09:13am

‘Appointment of ineligible person’: LHC issues notices to PM, others

ISLAMABAD: Lahore High Court (LHC) has issued notices to Prime Minister Shehbaz Sharif, Secretaries Establishment...

Updated 29 Jun, 2023 09:12am

LHC asks SNGPL CEO to resume office, assails board

LAHORE: The Lahore High Court (LHC) allowing a petition of Chief Executive Officer of Sui Northern Gas Pipelines...

Updated 29 Jun, 2023 03:24pm

Eid-ul-Azha today

LAHORE: Eid-ul-Azha will be celebrated with religious fervour on Thursday (today) to commemorate the great sacrifice...

Updated 29 Jun, 2023 09:11am

Grains

Ukraine 2023 wheat harvest may far exceed official outlook

KYIV: Ukraine’s 2023 wheat harvest may far exceed official expectations of 17 million metric tons and reach at...

Published 29 Jun, 2023 04:19am

Commodities

Japanese rubber futures fell

SINGAPORE: Japanese rubber futures fell on Wednesday after a brief Bounce in the previous session, as contracting...

Published 29 Jun, 2023 04:19am

Grains

Canadian farmers plant most wheat in 22 years, more than expected

WINNIPEG: Canadian farmers seeded the most wheat in 22 years, slightly more than expected, and also planted more...

Published 29 Jun, 2023 04:19am

Commodities

Palm rebounds more than 2pc as rival edible oils strengthen

SINGAPORE: Malaysian palm oil futures ended at a more than one-week high on Wednesday, rebounding from the previous...

Published 29 Jun, 2023 04:19am

Energy

US crude, gasoline inventories likely fell last week

NEW YORK: U.S. crude oil and gasoline stockpiles were seen declining last week, while distillate inventories likely...

Published 29 Jun, 2023 04:19am

Commodities

London cocoa hits new 46-year high

LONDON: London cocoa futures on ICE hit their highest since the 1970s on Wednesday, scaling the landmark peak for ...

Published 29 Jun, 2023 04:19am

Commodities

Gold retreats on bets for hawkish Fed strategy

NEW YORK: Gold prices extended their slide on Wednesday to hit their lowest in 3-1/2 months on bets for interest...

Published 29 Jun, 2023 04:19am

Commodities

Dalian iron ore narrows gains on weak China industrial data

BEIJING: Dalian iron ore futures narrowed gains on Wednesday, as some investors retreated to the sidelines on weak...

Published 29 Jun, 2023 04:19am

Taxes

Pogressive taxation: Punjab govt reviewing mechanism, AIT rates

LAHORE: To make Agriculture Income Tax (AIT) more meaningful in the total provincial revenue collection, the Punjab...

Published 29 Jun, 2023 04:19am

Companies

Mondelez Pakistan partners with Nutshell Communications

KARACHI: Mondelez Pakistan Limited signed a communications and strategic engagements partnership agreement with...

Published 29 Jun, 2023 04:19am

Pacra reaffirms credit rating of PMIC

ISLAMABAD: The Pakistan Credit Rating Agency (Pacra) has maintained the long term and short term entity ratings of...

Published 29 Jun, 2023 04:19am

Need for better ‘track and trace’ system underscored to ensure provision of fertilizers at official rates

LAHORE: Agriculture Republic, a think tank for brainstorming on issues faced by the agricultural sector, has...

Published 29 Jun, 2023 04:19am

Taxes

Tax authorities pass assessment orders on incorrect assumptions?

LAHORE: Departmental store owners have alleged that the income tax authorities pass the assessment orders without...

Published 29 Jun, 2023 04:19am

CPEC: An ongoing journey

EDITORIAL: CPEC’s (China Pakistan Economic Corridor’s) 10-year journey has no doubt been one of game-changing...

Published 29 Jun, 2023 04:19am

CSR, a drop in the ocean of social needs?

EDITORIAL: Former chief justice of Pakistan Tassaduq Hussain Jillani made an interesting point about corporate ...

Published 29 Jun, 2023 04:19am

PKR to come under more pressure in absence of IMF bailout: PBF

KARACHI: Pakistan Business Forum (PBF) says rupee will likely to come under immense pressure in the first quarter of...

Published 29 Jun, 2023 04:19am

Industry

Punjab governor underscores need for enhancing trade with Turkiye

LAHORE: Punjab Governor Muhammad Balighur Rehman has stressed the need to further expand bilateral trade with...

Published 29 Jun, 2023 04:19am

Amendments enacted by Finance Act, 2023 vis-à-vis those proposed in Finance Bill 2023–II

SALES TAX
INCREASE IN RATE OF FURTHER TAX

Published 29 Jun, 2023 04:19am

Industry

Using modern tech, quality seeds crucial to boost agri production: RRDB chairman

LAHORE: Chairman Rice Research and Development Board (RRDB) Government of Punjab Shahzad Ali Malik on Wednesday said...

Published 29 Jun, 2023 04:19am

Industry

Nighat Awan made KATI acting president

KARACHI: In a recent development, Nighat Awan, Senior Vice President of the Korangi Association of Trade and ...

Published 29 Jun, 2023 04:19am

Industry

Agri and allied engineering sector: FCCI keen to resolve issues at provincial level

FAISALABAD: Most of the problems confronted by the agriculture and allied engineering sector are genuine but at this...

Published 29 Jun, 2023 04:19am

Business community leader urges IMF to unlock bailout

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 29 Jun, 2023 04:19am

Companies

‘Sectors and Themes’: ADB appoints Yasmin as VP

ISLAMABAD: The Asian Development Bank (ADB) has appointed Fatima Yasmin as Vice-President for Sectors and Themes for...

Published 29 Jun, 2023 04:19am

July-June (2022-23): Rs496bn shortfall in collection

Taxes

PM says PIA will only progress if administrative experts run it professionally

Updated 29 Jun, 2023 03:21pm

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 27	282.22
USD PKR Interbank Buying / May 27	282.02
USD to Japanese Yen / May 28	144.35
USD to Swiss Franc / May 28	0.83
Pound Sterling to USD / May 28	1.35
Euro to USD / May 28	1.13
UK LIBOR % / May 27	4.96

Stock	Volume
S&P 500 / May 27	5,921.54
Nasdaq / May 27	19,199.16
Dow Jones / May 27	42,343.65
India Sensex / May 28	81,342.85
Tokyo Nikkei / May 28	37,759.62
Hang Seng / May 28	23,224.85
FTSE 100 / May 28	8,775.65
Germany DAX 30 / May 28	24,179.30
France CAC40 / May 28	7,819.36

Item	Value
Karachi Cotton PKR/37.32 KG / May 27	16,985
Gold 10 Grams PKR / May 27	298,268
Crude Oil USD/Barrel / May 28	61.06
Gold Spot USD/Ounce / May 28	3,305.16
Cotton US¢/pound / May 28	65.17
Petrol/Litre / May 29	252.63
Diesel/Litre / May 29	254.64

Gainers
Losers
Leaders

Stock	Price
K-Electric Ltd. / May 27 K-Electric Limited(KEL)	5.89 ▲ 1.17 (24.79%)
Dadabhoy Cement / May 27 Dadabhoy Cement Industries Limited(DBCI)	5.88 ▲ 1.08 (22.5%)
Haseeb Waqas / May 27 Haseeb Waqas Sugar Mills Limited(HWQS)	11.01 ▲ 1.99 (22.06%)
Mirpurkhas Sugar / May 27 Mirpurkhas Sugar Mills Limited(MIRKS)	32.21 ▲ 5.59 (21%)
Otsuka Pakistan / May 27 Otsuka Pakistan Limited(OTSU)	336.16 ▲ 58.34 (21%)
Wah-Noble / May 27 Wah Noble Chemicals Limited(WAHN)	284.37 ▲ 49.35 (21%)
Pak Datacom / May 27 Pak Datacom Limited(PAKD)	194.69 ▲ 33.79 (21%)
Khyber Textile / May 27 Khyber Textile Mills Limited(KHYT)	2,306.37 ▲ 400.28 (21%)
PIA Holding Co.B / May 27 PIA Holding Company Limited B(PIAHCLB)	24,276.48 ▲ 4213.27 (21%)
Shadab Textile / May 27 Shadab Textile Mills Limited(SHDT)	42.70 ▲ 7.41 (21%)

Stock	Price
AKD Hospitality / May 27 AKD Hospitality Limited(AKDHL)	172.57 ▼ -40.43 (-18.98%)
AN Textile Mills / May 27 AN Textile Mills Limited(ANTM)	15.50 ▼ -2.27 (-12.77%)
Descon Oxychem / May 27 Descon Oxychem Limited(DOL)	31.68 ▼ -4.28 (-11.9%)
Fazal Cloth / May 27 Fazal Cloth Mills Limited(FZCM)	184.68 ▼ -24.84 (-11.86%)
Gillette Pak / May 27 Gillette Pakistan Limited(GLPL)	263.33 ▼ -31.7 (-10.74%)
Elahi Cotton / May 27 Elahi Cotton Mills Limited(ELCM)	133.78 ▼ -14.84 (-9.99%)
Punjab Oil / May 27 Punjab Oil Mills Limited(POML)	251.29 ▼ -27.32 (-9.81%)
Hussain Industries / May 27 Husein Industries Limited(HUSI)	25.90 ▼ -2.77 (-9.66%)
J.A.Textile / May 27 J.A. Textile Mills Limited(JATM)	20.59 ▼ -2.17 (-9.53%)
Popular Islamic / May 27 Popular Islamic Modaraba(PIM)	13.54 ▼ -1.41 (-9.43%)

Stock	Volume
K-Electric Ltd. / May 27 K-Electric Limited(KEL)	267,623,259 ▲ 1.17
WorldCall Telecom / May 27 Worldcall Telecom Limited(WTL)	31,561,718 ▲ 0.05
P.T.C.L. / May 27 Pakistan Telecommunication Company Ltd(PTC)	20,008,328 ▲ 1.09
Telecard Limited / May 27 Telecard Limited(TELE)	19,627,561 ▲ 0.67
Dewan Cement / May 27 Dewan Cement Limited(DCL)	19,469,374 ▲ 0.86
Ist.Capital Sec / May 27 First Capital Securities Corporation(FCSC)	18,511,014 ▲ 0.15
The Searle Co. / May 27 The Searle Company Limited(SEARL)	17,788,591 ▲ 3.44
Cres.Star Ins. / May 27 Crescent Star Insurance Limited(CSIL)	15,874,523 ▲ 0.13
D.G.K.Cement / May 27 D.G. Khan Cement Company Limited(DGKC)	12,899,792 ▲ 3.83
Fauji Cement / May 27 Fauji Cement Company Limited(FCCL)	12,876,337 ▼ -0.07

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