Home - Business Recorder

Updated 26 Apr, 2024 02:50pm

Airline revenues: IATA urges Pakistan to allow repatriation of $399mn

Pakistan should simplify onerous process for repatriation, including requirement to provide audit certificates and tax exemption certificate, association says

Markets

Intra-day update: rupee strengthens marginally against US dollar

Published 26 Apr, 2024 11:32am

Business & Finance

SBP expected to hold rates on Monday ahead of IMF deal, Reuters poll finds

Published 26 Apr, 2024 02:40pm

Pakistan

Pakistan’s economic condition shows improvement, but ‘needs surgery’: PM Shehbaz

Published 26 Apr, 2024 02:31pm

Pakistan

Pakistan rejects provocative statements from Indian leaders on Kashmir

Published 26 Apr, 2024 02:25pm

Markets

Gold price per tola jumps Rs2,500 in Pakistan

Published 26 Apr, 2024 02:37pm

World

India begins voting in second phase of giant election as Modi vs Gandhi campaign heats up

Updated 26 Apr, 2024 11:41am

Business & Finance

JS Bank registers massive 376% jump in profit in 1QCY24

Published 26 Apr, 2024 02:42pm

Markets

Oil prices on track to snap two-week losing streak

Updated 26 Apr, 2024 12:08pm

Prices of petrol, diesel likely to be slashed

Updated 26 Apr, 2024 12:28pm

PBC floats 5-year ‘exports charter and imports substitution plan’

Updated 26 Apr, 2024 01:05pm

Must Read

Editorials

C/A surplus

Opinion

SOEs: performance & accountability

BR Research

Hot money returns

Opinion

Very critical 2020s: existential threats and global economy

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

Editorials

Energising the SME sector

Opinion

Sanctioning Iran? ‘Let’s not kid ourselves’

Opinion

Gas pricing 2.0: transforming Pakistan’s energy landscape with WACOG

Opinion

Rising energy tariffs, sinking economy

Life & Style

After severe backlash, Malala condemns Israeli government for ‘war crimes’

BR Research

HBL profits: Strong and steady

Calculate your monthly liability in FY24

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

Prices of petrol, diesel likely to be slashed

PBC floats 5-year ‘exports charter and imports substitution plan’

Operations: KAPCO reluctant to opt for CTBCM

Pakistan misses wheat production target

Govt has given two airbases to US, claims Omar

Justice Isa says received no complaints of meddling in judicial affairs since becoming CJP

Annual rental value property: Sindh govt given three months to legislate on levy of tax

Sazgar Engineering Works Limited

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

Prices of petrol, diesel likely to be slashed

PBC floats 5-year ‘exports charter and imports substitution plan’

Operations: KAPCO reluctant to opt for CTBCM

Pakistan misses wheat production target

Govt has given two airbases to US, claims Omar

Justice Isa says received no complaints of meddling in judicial affairs since becoming CJP

Annual rental value property: Sindh govt given three months to legislate on levy of tax

Sazgar Engineering Works Limited

Business & Finance

Companies

PSO’s profit plunges over 70% in 3QFY24, amounts to Rs3.74bn

Despite higher sales, Pakistan State Oil Company Limited’s (PSO) profit-after-tax (PAT) plunged over 70%, clocking... Published 26 Apr, 2024 02:44pm

BR Research

Hot money returns

Pakistan’s economy is getting hot for international debt portfolio investors. There are some inflows by foreigners...

Published 26 Apr, 2024 07:40am

Companies

JS Bank registers massive 376% jump in profit in 1QCY24

JS Bank Limited (JSBL) posted massive consolidated profit of Rs4.2 billion during the three months ended March 31,... Published 26 Apr, 2024 02:42pm

Bullion Rate

Gold price per tola jumps Rs2,500 in Pakistan

Gold prices increased in Pakistan on Friday in line with a rise in the international rate. In the local market, gold... Published 26 Apr, 2024 02:37pm

BR Research

MCB: Advances shrink, profits grow

MCB Bank Limited (MCB) posted another quarter of stellar p the pretax profits jumped 41 percent year-on-year,...

Published 26 Apr, 2024 07:30am

Industry

Airline revenues: IATA urges Pakistan to allow repatriation of $399mn

Pakistan should simplify onerous process for repatriation, including requirement to provide audit certificates and tax exemption certificate, association says

Updated 26 Apr, 2024 02:50pm

Currency

Intra-day update: rupee strengthens marginally against US dollar

Currency hovers at 278-279 level in inter-bank market

Published 26 Apr, 2024 11:32am

Money & Banking

SBP expected to hold rates on Monday ahead of IMF deal, Reuters poll finds

KARACHI: A Reuters poll found that the State Bank of Pakistan (SBP) is expected to hold its key interest rate at a... Published 26 Apr, 2024 02:40pm

Energy

Oil prices on track to snap two-week losing streak

Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top US... Updated 26 Apr, 2024 12:08pm

Business & Economy

Pakistan’s economic condition shows improvement, but ‘needs surgery’: PM Shehbaz

ISLAMABAD: Pakistan’s economic indicators are showing positive signs, with an agenda of painful reforms and... Published 26 Apr, 2024 02:31pm

BR Research

Leather Up Limited

Leather Up Limited (PSX: LEUL) was incorporated as a private limited company in 1990 and was converted into a public...

Published 26 Apr, 2024 07:20am

BR Research

HBL profits: Strong and steady

Pakistan’s largest commercial bank, HBL started 2024 from where it left off in 2023. Another record quarterly profit...

Published 25 Apr, 2024 09:05am

BR Research

PRL in 9MFY24

Pakistan Refinery Limited (PSX: PRL) has seen significant growth in its bottom line for the nine months of FY24....

Published 25 Apr, 2024 09:01am

BR Research

Sazgar Engineering Works Limited

Sazgar Engineering Works Limited (PSX: SAZEW) was incorporated in Pakistan as a private limited company in 1991 and...

Published 25 Apr, 2024 08:58am

Pakistan

Business & Economy

Pakistan’s economic condition shows improvement, but ‘needs surgery’: PM Shehbaz

ISLAMABAD: Pakistan’s economic indicators are showing positive signs, with an agenda of painful reforms and... Published 26 Apr, 2024 02:31pm

Pakistan rejects provocative statements from Indian leaders on Kashmir

'Fuelled by hyper-nationalism, this inflammatory rhetoric poses a grave threat to regional peace and susceptibility,' FO spokesperson Baloch says

Published 26 Apr, 2024 02:25pm

2024-04-26-02-35

Families of martyred officials: PM launches Shuhada Package

ABBOTTABAD: Prime Minister Muhammad Shehbaz Sharif on Thursday launched the Shuhada Package to support the families... Published 26 Apr, 2024 04:15am

2024-04-26-02-35

PM to visit KSA from 28th

ISLAMABAD: Prime Minister Shehbaz Sharif will visit Saudi Arabia from April 28-29 to participate in the special... Published 26 Apr, 2024 04:15am

2024-04-26-02-35

Performance monitoring: Call to implement dashboards from district to SC levels

ISLAMABAD: Justice Syed Mansoor Ali Shah stressed the need for implementation of performance monitoring dashboards ... Published 26 Apr, 2024 04:15am

2024-04-26-01-51

Task of improving patient care assigned to newly appointed Medical Superintendents

LAHORE: Provincial Health Minister Khawaja Salman Rafique and Punjab Health Secretary Ali Jan Khan have assigned the... Updated 26 Apr, 2024 11:30am

World

Europe

Volodymyr Zelensky blasts Russian nuclear risks on Chernobyl anniversary

KYIV: Ukrainian President Volodymyr Zelensky warned on Friday that Russia’s capture of a major nuclear power plant... Published 26 Apr, 2024 01:50pm

South Asia

India’s top court declines to order any change to vote-counting process

NEW DELHI: India’s Supreme Court declined on Friday to order any change to the vote-counting process, rejecting... Published 26 Apr, 2024 12:34pm

Europe

Spain to send Patriot missiles to Ukraine, El Pais reports

MADRID: Spain will send a small number of Patriot missiles to Ukraine, El Pais newspaper reported on Friday, quoting... Published 26 Apr, 2024 12:22pm

Europe

Greece rules out air defence systems to Ukraine, prime minister says

ATHENS: Prime Minister Kyriakos Mitsotakis said Greece can not offer air defence systems like ‘Patriots’ or S-300 to... Published 26 Apr, 2024 12:15pm

South Asia

Bangladesh children sweat at home as heatwave shuts schools

DHAKA: Classes are cancelled across Bangladesh due to searing heat, but high school student Mohua Akter Nur found... Published 26 Apr, 2024 11:33am

Editorials

C/A surplus

EDITORIAL: The current account registered surplus for March 2024 of 619 million dollars against 537 million dollars...

Another campaign against smuggling

EDITORIAL: Ordinarily, no prime minister should have to hold a special meeting to “direct concerned authorities”...

Energising the SME sector

EDITORIAL: In yet another bid to encourage the growth of small and medium-sized enterprises (SMEs), the government...

Chronic power defaulters

EDITORIAL: So, once again the government faces the “challenging task” of extracting recoveries – this time more than...

Increasing violence

EDITORIAL: During the recent days terrorists have attacked seemingly unusual targets while seeking to undermine this...

Opinion

SOEs: performance & accountability

Huzaima Bukhari | Dr Ikramul Haq | Abdul Rauf Shakoori

The World Bank’s recent report, titled ‘Pakistan Development Update, fiscal impact of Federal State-Owned...

Very critical 2020s: existential threats and global economy

Dr Omer Javed

‘The 2020s are almost halfway over and are on course to be the most difficult decade for the global economy since...

rPSF – the need for policy reform to enhance textile sustainability

Shahid Sattar | Noreen Akhtar

In recent years, sustainable development has garnered significant attention across various industries. Among these...

PARTLY FACETIOUS: Our stakeholders do not have a history of poisoning the unseated…

Anjum Ibrahim

“Seriously, do you really think that The Third Wife’s allegations of slow poisoning is a political ploy by The...

Sanctioning Iran? ‘Let’s not kid ourselves’

Shahab Jafry

Watching the US House pass a $95 billion “aid package” for Ukraine, Israel and Taiwan (360-58) reminded me of a...

Perspectives

Iranian president’s visit: outcomes may be short of expectations, but exchange is significant

Umair Jamal

The visit of Iranian President Dr Seyyed Ebrahim Raisi to Pakistan has perhaps, partially repaired the trust that...

Ivy Leagues, so-called ‘anti-semitism’ and the US

Faiza Virani

American higher learning institutions are at an inflection point. Last week, prestigious Columbia University – the...

Pakistan’s investment pitch deck: fix security issues and terrorism

Ali Ahmed

“The menace of terrorism is again rearing its ugly head, threatening our nation’s security as well as regional peace...

Life Style

Condé Nast Traveler reveals its Hot List for 2024

The Lana, Dorchester Collection in Dubai and The Guild restaurant were notable openings

Updated 26 Apr, 2024 02:48pm

Life & Style

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