News Archives for Business & Finance - 2024-04-27 - Business Recorder

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May 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Business & Finance - 2024-04-27

No intention to impose fixed tax on solar, Power Division clarifies

Energy

No intention to impose fixed tax on solar, Power Division clarifies

No such summary sent to the government, read the statement

Updated 27 Apr, 2024 08:07pm

Gold price per tola falls Rs600 in Pakistan

Bullion Rate

Gold price per tola falls Rs600 in Pakistan

Gold prices decreased in Pakistan on Saturday in line with the decline in the international rate. In the local...

Updated 27 Apr, 2024 07:59pm

Jul-Mar period: Rice exports hit historic high of $3bn

Agriculture and Allied

Jul-Mar period: Rice exports hit historic high of $3bn

KARACHI: The country’s rice exports, breaking all previous records, have earned all-time high of $3 billion during...

Published 27 Apr, 2024 05:03am

BMW to invest further $2.76bn in key market China

Companies

BMW to invest further $2.76bn in key market China

BEIJING: BMW said on Friday it planned to invest an additional 20 billion yuan ($2.76 billion) in its Shenyang...

Published 27 Apr, 2024 05:03am

Weekly SPI inflation down 1.1pc

Commodities

Weekly SPI inflation down 1.1pc

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended on April 25, 2024, decreased by 1.10...

Published 27 Apr, 2024 05:03am

70.1m shares to be floated: IPAK intends to raise Rs1.47bn through IPO

Companies

70.1m shares to be floated: IPAK intends to raise Rs1.47bn through IPO

KARACHI: International Packaging Films Limited intends to raise Rs 1.47 billion by issuing 70.1 million shares to ...

Published 27 Apr, 2024 05:03am

Guidelines issued for offering IFS: SECP revamps Shariah governance framework

Guidelines issued for offering IFS: SECP revamps Shariah governance framework

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has revamped the Shariah governance framework...

Published 27 Apr, 2024 05:03am

SECP introduces new digital platform

SECP introduces new digital platform

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced a new digital platform, SECP-XS...

Published 27 Apr, 2024 05:03am

Upcoming budget: KATI chief for inclusion of agri sector in tax net

Industry

Upcoming budget: KATI chief for inclusion of agri sector in tax net

KARACHI: President of the Korangi Association of Trade and Industry (KATI), Johar Qandhari, has called for the...

Published 27 Apr, 2024 05:03am

Farooq inaugurates Pakistan Interior Furniture Expo 2024

Industry

Farooq inaugurates Pakistan Interior Furniture Expo 2024

KARACHI: Senior Leader MQM (P) Dr. Farooq Sattar said that it is a matter of happiness that exhibitions are being...

Published 27 Apr, 2024 05:03am

Dutch companies invited to invest in Punjab

Industry

Dutch companies invited to invest in Punjab

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif met the Ambassador of Holland in Pakistan Henny de Vries in which...

Published 27 Apr, 2024 05:03am

Ambassador of Netherlands visits LCCI

Industry

Ambassador of Netherlands visits LCCI

LAHORE: Pakistan is a country with all the possibilities, it is a land of opportunities and this country can become...

Published 27 Apr, 2024 05:03am

FPCCI appoints Janmohammad as PSC chairman

Industry

FPCCI appoints Janmohammad as PSC chairman

KARACHI: Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has appointed Rasheed Jan mohammad as...

Published 27 Apr, 2024 05:03am

Tax administration & relevant laws: Business community supports PM’s resolve

Taxes

Tax administration & relevant laws: Business community supports PM’s resolve

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

Published 27 Apr, 2024 05:03am

BOP announces 67pc growth in profit before tax in 1Q of 2024

Money & Banking

BOP announces 67pc growth in profit before tax in 1Q of 2024

LAHORE: A meeting of the Board of Directors of The Bank of Punjab was held on Friday to consider and approve the...

Published 27 Apr, 2024 05:03am

9MFY24: PSO posts Rs13.4bn profit

Companies

9MFY24: PSO posts Rs13.4bn profit

KARACHI: Pakistan State Oil (PSO), the leading energy company, maintained its industry dominance and demonstrated...

Published 27 Apr, 2024 05:03am

Japan’s yen hits new 34-year low

Money & Banking

Japan’s yen hits new 34-year low

NEW YORK: The dollar soared to a fresh 34-year high against the yen on Friday, bolstered in part by US inflation ...

Published 27 Apr, 2024 05:03am

Asian currencies subdued after mixed US data

Money & Banking

Asian currencies subdued after mixed US data

BENGALURU: Most Asian currencies were subdued on Friday as mixed US data solidified bets of fewer rate cuts, while...

Published 27 Apr, 2024 05:03am

Empowering agricultural future: ABL Islamic Banking Group arranges awareness session

Companies

Empowering agricultural future: ABL Islamic Banking Group arranges awareness session

LAHORE: Allied Bank (ABL) Islamic banking group recently invited Rozena Saleha, CEO of Kalam4Solutions and her team...

Published 27 Apr, 2024 05:03am

Nestlé Pakistan’s Q1 revenue rises to Rs54.4bn

Companies

Nestlé Pakistan’s Q1 revenue rises to Rs54.4bn

LAHORE: Nestlé Pakistan’s revenue, for the three-month period ending March 31, 2024, rose to PKR 54.4 billion...

Published 27 Apr, 2024 05:03am

100 SMEs across country: inDrive Rozgar initiative launched

Companies

100 SMEs across country: inDrive Rozgar initiative launched

KARACHI: inDrive, a leading ride-hailing company, has launched the inDrive Rozgar initiative; a groundbreaking...

Published 27 Apr, 2024 05:03am

Q1, 2024 results: FrieslandCampina Engro delivers strong topline growth of 21pc

Companies

Q1, 2024 results: FrieslandCampina Engro delivers strong topline growth of 21pc

KARACHI: FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the first quarter of...

Published 27 Apr, 2024 05:03am

$22m invested in beverage sector by Coca-Cola

Companies

$22m invested in beverage sector by Coca-Cola

ISLAMABAD: Coca-Cola has invested $22 million in the beverage sector, specifically in technology upgrade, capacity...

Published 27 Apr, 2024 05:03am

Ahsan Zafar assumes office of President & CEO of Engro Corp

Companies

Ahsan Zafar assumes office of President & CEO of Engro Corp

KARACHI: Ahsan Zafar Syed has assumed the office of President & CEO Engro Corporation, after the completion of...

Published 27 Apr, 2024 05:03am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	278.33
USD PKR Interbank Buying / May 13	278.13
USD to Japanese Yen / May 13	155.86
USD to Swiss Franc / May 13	0.91
Pound Sterling to USD / May 13	1.25
Euro to USD / May 13	1.08

Stock	Volume
S&P 500 / May 10	5222.68
Nasdaq / May 10	16340.87
Dow Jones / May 10	39512.84
India Sensex / May 13	72058.22
Tokyo Nikkei / May 13	38179.46
Hang Seng / May 13	19101.30
FTSE 100 / May 13	8440.89
Germany DAX 30 / May 13	18764.87

Item	Value
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 13	288.49
Crude Oil USD/Barrel / May 13	78.49
Gold Spot USD/Ounce / May 13	2349.25
Diesel/Litre / May 13	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 13 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 13 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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With heavy agenda, SIFC to meet tomorrow

With heavy agenda, SIFC to meet tomorrow

Tax reforms: Aurangzeb has a difficult road ahead

Tax reforms: Aurangzeb has a difficult road ahead

Ali Pervez will join team: Aurangzeb

Ali Pervez will join team: Aurangzeb

NJLI Sarmaya Growth Fund Rates

Aurangzeb spells out priorities

Aurangzeb spells out priorities

Economist urges broader reforms in tax administration

Economist urges broader reforms in tax administration

Rupee registers marginal fall against US dollar

Rupee registers marginal fall against US dollar

KSE-100 closes nearly 1% higher amid rate cut hopes, settles at record high of 73,799

KSE-100 closes nearly 1% higher amid rate cut hopes, settles at record high of 73,799

Taxation: maybe we need a rethink

Taxation: maybe we need a rethink