Home - Business Recorder

Updated 18 Apr, 2024 03:19pm

Aurangzeb expects to avoid wild rupee devaluation as govt engages IMF: report

Finance minister categorically says he doesn't see need for 'step change' as Pakistan looks for another bailout from IMF

Markets

Intra-day update: rupee moves higher against US dollar

Published 18 Apr, 2024 10:51am

Markets

Aurangzeb meets Donald Lu, other US officials

Published 18 Apr, 2024 10:14am

Pakistan

X working with Pakistan govt to ‘understand concerns’ over ban

Published 18 Apr, 2024 12:54pm

Business & Finance

Enforcement action: SBP imposes over Rs755mn in penalties on 8 banks, 1 EC

Published 18 Apr, 2024 12:56pm

Markets

Gold retreats, falls Rs1,700 per tola in Pakistan

Published 18 Apr, 2024 02:15pm

Markets

Oil stabilises after sharp drop on demand concerns, easing of Middle East tension

Updated 18 Apr, 2024 01:46pm

Markets

MARI successfully drills another appraisal well in Sindh

Published 18 Apr, 2024 10:53am

World

UAE reels for a third day after record-breaking storm

Published 18 Apr, 2024 10:25am

Budget: body formed to firm up proposals

Updated 18 Apr, 2024 09:46am

Demand & supply side: More work needs to be done: IMF official

Updated 18 Apr, 2024 09:24am

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Editorials

Pak-Saudi relationship is alive and kicking

BR Research

Time to miss another opportunity

Opinion

Brent and Bibi

Opinion

Ending hopium—II

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Australia mulls citizenship for Pakistani guard in Sydney mall attack

Opinion

Developing the semiconductor industry

Markets

Equity trading: SECP files criminal complaint against 2 individuals on charges of front-running

Editorials

Surge in remittances

Opinion

Deemed income tax on ownership of vacant plot of land incorrect—V

World

In pictures: life in glitzy Dubai disrupted after record rain

Business & Finance

Another Dubai IPO: Spinneys’ public float ‘could help bring other IPOs to fruition’

Calculate your monthly liability in FY24

Budget: body formed to firm up proposals

Demand & supply side: More work needs to be done: IMF official

‘Kindly refrain from emailing Mr. Porter and Ms. Kozack...,’ IMF tells BR

NJLI Sarmaya Growth Fund Rates

Equity trading: SECP files criminal complaint against 2 individuals on charges of front-running

Global financial leaders vow support for Pakistan

World Bank, Pakistan agree on need for 10-year rolling country framework plan: Finance Division

Aurangzeb expects to avoid wild rupee devaluation as govt engages IMF: report

SAB to link surplus sugar export to price stability in country

World Bank, Pakistan agree on need for 10-year rolling country framework plan: Finance Division

NJLI Sarmaya Growth Fund Rates

Saudi Arabia agrees to build strong partnership

24.8pc inflation forecast: IMF projects 2pc growth

Rupee again sees marginal decline against US dollar

Dhaka-based Bank Asia looks to acquire Bank Alfalah Bangladesh

Rising capacity payments: EVs to the rescue

Riyadh eyes significant investment in Pakistan: Saudi FM

Currency	Rate
USD PKR Interbank Selling / Apr 18	278.62
USD PKR Interbank Buying / Apr 18	278.32
USD to Japanese Yen / Apr 18	154.30
USD to Swiss Franc / Apr 18	0.91
Pound Sterling to USD / Apr 18	1.25
Euro to USD / Apr 18	1.07

Stock	Volume
S&P 500 / Apr 17	5022.21
Nasdaq / Apr 17	15683.37
Dow Jones / Apr 17	37735.31
India Sensex / Apr 18	72965.85
Tokyo Nikkei / Apr 18	38103.03
Hang Seng / Apr 18	16452.30
FTSE 100 / Apr 18	7883.62
Germany DAX 30 / Apr 18	17795.41

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	21735
Gold 10 Grams PKR / Apr 17	215964
Petrol/Litre / Apr 18	293.94
Crude Oil USD/Barrel / Apr 18	82.77
Gold Spot USD/Ounce / Apr 18	2374.98
Diesel/Litre / Apr 18	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	278.62
USD PKR Interbank Buying / Apr 18	278.32
USD to Japanese Yen / Apr 18	154.30
USD to Swiss Franc / Apr 18	0.91
Pound Sterling to USD / Apr 18	1.25
Euro to USD / Apr 18	1.07

Stock	Volume
S&P 500 / Apr 17	5022.21
Nasdaq / Apr 17	15683.37
Dow Jones / Apr 17	37735.31
India Sensex / Apr 18	72965.85
Tokyo Nikkei / Apr 18	38103.03
Hang Seng / Apr 18	16452.30
FTSE 100 / Apr 18	7883.62
Germany DAX 30 / Apr 18	17795.41

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	21735
Gold 10 Grams PKR / Apr 17	215964
Petrol/Litre / Apr 18	293.94
Crude Oil USD/Barrel / Apr 18	82.77
Gold Spot USD/Ounce / Apr 18	2374.98
Diesel/Litre / Apr 18	290.38

Budget: body formed to firm up proposals

Demand & supply side: More work needs to be done: IMF official

‘Kindly refrain from emailing Mr. Porter and Ms. Kozack...,’ IMF tells BR

NJLI Sarmaya Growth Fund Rates

Equity trading: SECP files criminal complaint against 2 individuals on charges of front-running

Global financial leaders vow support for Pakistan

World Bank, Pakistan agree on need for 10-year rolling country framework plan: Finance Division

Aurangzeb expects to avoid wild rupee devaluation as govt engages IMF: report

SAB to link surplus sugar export to price stability in country

World Bank, Pakistan agree on need for 10-year rolling country framework plan: Finance Division

NJLI Sarmaya Growth Fund Rates

Saudi Arabia agrees to build strong partnership

24.8pc inflation forecast: IMF projects 2pc growth

Rupee again sees marginal decline against US dollar

Dhaka-based Bank Asia looks to acquire Bank Alfalah Bangladesh

Rising capacity payments: EVs to the rescue

Riyadh eyes significant investment in Pakistan: Saudi FM

Surge in remittances

Business & Finance

Bullion Rate

Gold retreats, falls Rs1,700 per tola in Pakistan

After hitting record highs in the earlier sessions, gold rates decreased in the local and international markets on... Published 18 Apr, 2024 02:15pm

BR Research

Time to miss another opportunity

Lady luck has a strange romance reserved for PML-N. After two years of record high food inflation - averaging above...

Published 18 Apr, 2024 07:44am

Money & Banking

Enforcement action: SBP imposes over Rs755mn in penalties on 8 banks, 1 EC

The State Bank of Pakistan (SBP) imposed penalties worth Rs775.542 million on 8 banks and one exchange company... Published 18 Apr, 2024 12:56pm

Business & Economy

Aurangzeb expects to avoid wild rupee devaluation as govt engages IMF: report

Finance minister categorically says he doesn't see need for 'step change' as Pakistan looks for another bailout from IMF

Updated 18 Apr, 2024 03:19pm

BR Research

LSM: 20 months in the red

The longest negative LSM growth streak got longer, as per the latest data released by the Pakistan Bureau of...

Published 18 Apr, 2024 07:39am

Energy

MARI successfully drills another appraisal well in Sindh

Mari Petroleum Company Limited (MARI), one of Pakistan’s largest energy and exploration companies, has successfully... Published 18 Apr, 2024 10:53am

Currency

Intra-day update: rupee moves higher against US dollar

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

Published 18 Apr, 2024 10:51am

Business & Economy

Aurangzeb meets Donald Lu, other US officials

Finance Minister Muhammad Aurangzeb, who is currently in Washington attending World Bank-IMF Spring meetings being... Published 18 Apr, 2024 10:14am

Energy

Oil stabilises after sharp drop on demand concerns, easing of Middle East tension

NEW DELHI: Oil prices were little changed after a 3% drop in the previous session as the market remains concerned... Updated 18 Apr, 2024 01:46pm

Taxes

E-filers face problems after new amendments to ST rules

KARACHI: Taxpayers are facing difficulties in e-filing sales tax returns after new amendments to the Sales Tax Rules... Published 18 Apr, 2024 03:24am

BR Research

KSB Pumps Company Limited

KSB Pumps Company Limited (PSX: KSBP) is a KSB group company incorporated in Pakistan in 1959. The company’s core...

Published 18 Apr, 2024 07:32am

BR Research

Rising capacity payments: EVs to the rescue

Pakistan energy sector has multifaced issues, and the sector has never been seen holistically, with power and...

Published 17 Apr, 2024 06:16am

BR Research

EPQL in 1QCY23

Engro Powergen Qadirpur Limited (PSX: EPQL) announced its financial performance for the first quarter of CY23...

Published 17 Apr, 2024 06:12am

BR Research

Nadeem Textile Mills Limited

Nadeem Textile Mills Limited (PSX: NATM) was incorporated in Pakistan as a public limited company in 1984. The...

Published 17 Apr, 2024 06:09am

Pakistan

X working with Pakistan govt to ‘understand concerns’ over ban

ISLAMABAD: Social media platform X, formerly known as Twitter, said Thursday it would work with Pakistan’s... Published 18 Apr, 2024 12:54pm

Australia mulls citizenship for Pakistani guard in Sydney mall attack

SYDNEY: Australia’s prime minister said Thursday he will consider granting citizenship to a Pakistani security guard... Published 18 Apr, 2024 01:23pm

2024-04-18-02-37

Toshakhana case: Nawaz given a clean chit by NAB

ISLAMABAD: The National Accountability Bureau (NAB) has given a clean chit to Pakistan Muslim League-Nawaz (PML-N)... Updated 18 Apr, 2024 10:03am

2024-04-18-02-34

ChildLife Foundation expands emergency services to KPK, AJK

ISLAMABAD: The ChildLife Foundation after successfully reshaping the children's emergency rooms in Sindh,... Published 18 Apr, 2024 03:24am

2024-04-18-02-33

Higher taxes lower cigarette consumption: study

ISLAMABAD: The consumption of cigarettes in Pakistan has witnessed a decline after the government took a bold... Published 18 Apr, 2024 03:24am

2024-04-18-02-33

IK condemns recent events in Bahawalnagar

ISLAMABAD: The incarcerated former prime minister Imran Khan on Wednesday condemned the recent events in... Published 18 Apr, 2024 03:24am

World

Middle East

Israel reserves ‘right to protect itself’ after Iran attack: Netanyahu

OCCUPIED JERUSALEM: Israel’s Prime Minister Benjamin Netanyahu said his country reserved the right to protect itself... Published 18 Apr, 2024 02:59pm

Asia

China foreign ministry welcomes US Secretary of State Blinken’s visit to China

BEIJING: A spokesperspon for the Chinese foreign ministry on Thursday welcomed US Secretary of State Antony... Published 18 Apr, 2024 03:16pm

Europe

Trump says ‘We’re behind Poland’ as he meets President Duda

WARSAW: Polish President Andrzej Duda discussed Ukraine and the Middle East with Republican presidential candidate... Published 18 Apr, 2024 03:02pm

Europe

Russia says neutralised 20 drones, 2 missiles

MOSCOW: Russia on Thursday said it had neutralised 20 drones and two ballistic missiles in areas bordering Ukraine,... Published 18 Apr, 2024 01:26pm

South Asia

IMF ready to support Sri Lanka’s discussions with bondholders

COLOMBO: The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international... Published 18 Apr, 2024 11:08am

Editorials

Pak-Saudi relationship is alive and kicking

EDITORIAL: The April 15-16 visit of a high-powered Saudi delegation – headed by Foreign Minister Prince Faisal bin...

Decline in inflation

EDITORIAL: Federal Finance Minister Muhammad Aurangzeb while addressing a think-tank in Washington DC stated that...

Surge in remittances

EDITORIAL: Remittances in March 2024 soared to 2,953.7 million dollars against 2,250.1 million dollars the month...

Combating street crime in Karachi

EDITORIAL: The recent statistics depicting the overwhelming rise in street crimes in Karachi come as little surprise...

A yatra for financial support

EDITORIAL: A Finance Minister Muhammad Aurangzeb-led economic team has arrived in Washington DC to attend the annual...

Opinion

Brent and Bibi

Shahab Jafry

Two bunch of people would have started this week with long faces. One, swing traders with long Brent positions...

Ending hopium—II

Sheikh Imran Ul Haque

SIFC (Special Investment Facilitation Council) and the last Caretaker Government had taken the elephant steps on...

Developing the semiconductor industry

Dr Farid A Malik

After being a part of the team that developed Intel’s Pentium microprocessor, I returned to my motherland in the...

Palestine exposes the Orwellian freedom & Western democracy

Saulat Nagi

In Shakespeare’s Hamlet, Polonius inquires, “What do you read my Lord? Words, words, words” Hamlet replies. This...

PARTLY FACETIOUS: Our economic team in Washington

Anjum Ibrahim

“Minister of Finance’s successful trip to Washington, DC…” “Why don’t you wait before passing judgement...

Perspectives

Global events and effects on Pakistan’s inflation

Saad Idrees

When the Muslim world was celebrating Eid, global capital markets were shaken, and aftershocks expected. Although...

What’s in store as India prepares for Lok-Sabha elections 2024

S. M. Hali

India is about to hold the world’s biggest election: 970 million voters will cast their ballots over seven phases of...

A blood-stained Eid in Gaza will be remembered

Rehan Ayub

‘No Eid while Gaza has no Eid’ was chanted in a protest this week in Paterson, New Jersey, a place called Little...

Life Style

Newly-opened Soneva Secret is most expensive resort in Maldives

Rooms begin at $3,200 a night with rates going as high as $11,000

Updated 18 Apr, 2024 03:09pm

Life & Style

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