Home - Business Recorder

Published 22 Oct, 2026 07:36am

Oil rises as US orders diplomats to leave Saudi Arabia amid escalating tensions

Brent crude futures rose $1.29, or 1.2%, to $110.11 a barrel

World

Two killed after drone intercepted near Saudi Aramco's Shaybah oilfield; injured includes one Pakistani

Published 22 Oct, 2026 02:23am

Markets

Dip in the dollar takes a breather with Fed in focus

Published 22 Oct, 2026 07:43am

World

Washington orders US embassy staff, families to leave Saudi Arabia

Updated 22 Oct, 2026 01:57am

Distribution networks: PC proposes power sector restructuring

Published 22 Oct, 2026 05:52am

Markets

Govt reduces petrol price by Rs2.71, raises diesel's Re0.31 per litre

Published 21 Oct, 2026 10:58pm

Production monitoring system: FBR sets December 20 deadline for steel manufacturers

Published 22 Oct, 2026 05:52am

Issues facing exporters: MoC to prepare actionable solutions for PM’s review

Published 22 Oct, 2026 05:52am

Pakistan, Maldives agree to boost defence cooperation

Published 22 Oct, 2026 05:52am

New customs values on coal import fixed

Published 22 Oct, 2026 05:52am

PHMA for restoration of original EFS framework

Published 22 Oct, 2026 05:52am

Must Read

World

Meta ordered to pay $25 billion to New Mexico after jury finds company misled consumers about data privacy

Editorials

Improvement in macroeconomic buffers

Editorials

Power theft

Opinion

Attention must be sustained

Opinion

Reimagining Pakistan’s tax administration—II

BR Research

Tariffs: an overlooked test case

BR Research

Octopus Digital Limited: performance and outlook

Pakistan

'Learn to ride the wave of chaos rather than drown in it,' Asad Umar tells students at MediaVerse ’26

Perspectives

How Pakistan’s neighborhood merchants are winning the digital shift

Opinion

A deep-dive into the new tax system

Editorials

Fiscal improvement

Oil prices steady as investors weigh progress on Russia-Ukraine talks against falling US oil stocks

US spice maker McCormick announces plan to acquire majority stake in Unilever Pakistan Foods

Pakistan urged to build on its hard-won stability

PPIB holds talks with stakeholders: USD2.3bn project to deploy 16.2m AMI meters envisaged

Stocks rebound as KSE-100 closes with 779 points gain

Gold price per tola drops Rs900 in Pakistan

Pakistan, US pursuing revised trade pact

Pakistan, Maldives target $200m bilateral trade in two years

New valuation for tyres, tubes of buses, trucks issued

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 21	277.06 ▼ -0.01
USD PKR Interbank Buying / Oct 21	276.86 ▼ -0.01
USD to Japanese Yen / Oct 21	158.12 ▼ -0.05
USD to Swiss Franc / Oct 21	0.82 ▼ -0.0007
Pound Sterling to USD / Oct 21	1.34 ▲ 0.0015
Euro to USD / Oct 21	1.12 ▼ -0.0006
SOFR % / Oct 20	3.88 -

Stock	Volume
S&P 500 / Oct 21	7,757.17
India Sensex / Oct 21	73,709.69
Tokyo Nikkei / Oct 21	64,621.24
Nasdaq / Oct 21	26,702.86
Hang Seng / Oct 21	23,651.87
FTSE 100 / Oct 21	10,752.88
Dow Jones / Oct 21	52,856.09
Germany DAX 30 / Oct 21	25,645.04
France CAC40 / Oct 21	7,921.68

Item	Value
Petrol/Litre / Oct 22	382.02
Diesel/Litre / Oct 22	389.80
Crude Oil USD/Barrel / Oct 21	98
Karachi Cotton PKR/37.32 KG / Oct 21	18,380
Gold 10 Grams PKR / Oct 21	372,544
Gold Spot USD/Ounce / Oct 21	4,111.26
Cotton US¢/pound / Oct 21	81.83

Gainers
Losers
Leaders

Stock	Price
Dawood Equities / Oct 21 Dawood Equities Limited(DEL)	17.11 ▲ 1.56 (10.03%)
Grays Leasing / Oct 21 Grays Leasing Limited(GRYL)	36.47 ▲ 3.32 (10.02%)
Popular Islamic / Oct 21 Popular Islamic Modaraba(PIM)	106.32 ▲ 9.67 (10.01%)
Arctic Textile / Oct 21 Arctic Textile Mills Limited(ARCTM)	79.40 ▲ 7.22 (10%)
Diamond Ind. / Oct 21 Diamond Industries Limited(DIIL)	79.78 ▲ 7.25 (10%)

Stock	Price
Crescent Fib. / Oct 21 Crescent Fibres Limited(CFL)	75.10 ▼ -8.34 (-10%)
MACPAC Films / Oct 21 MACPAC Films Limited(MACFL)	73.14 ▼ -8.13 (-10%)
Sindh Modaraba / Oct 21 Sindh Modaraba(SINDM)	53.78 ▼ -5.97 (-9.99%)
Asia Ins. / Oct 21 Asia Insurance Company Limited(ASIC)	32.76 ▼ -3.45 (-9.53%)
Pak Engineering / Oct 21 Pakistan Engineering Company Limited(PECO)	742.24 ▼ -69.66 (-8.58%)

Stock	Volume
Pakistan Refinery / Oct 21 Pakistan Refinery Limited(PRL)	49,411,748 ▼ -1.56
Cnergyico PK / Oct 21 Cnergyico PK Limited(CNERGY)	40,074,313 ▲ 0.11
Pervez Ahmed Consultancy / Oct 21 Pervez Ahmed Consultancy Services Ltd.(PASL)	21,682,754 ▼ -0.1
TPL Trakker Ltd / Oct 21 TPL Trakker Limited(TPLT)	14,975,519 ▲ 3.16
TPL Corp Ltd / Oct 21 TPL Corp Limited(TPL)	12,896,316 ▲ 0.14

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 21	277.06 ▼ -0.01
USD PKR Interbank Buying / Oct 21	276.86 ▼ -0.01
USD to Japanese Yen / Oct 21	158.12 ▼ -0.05
USD to Swiss Franc / Oct 21	0.82 ▼ -0.0007
Pound Sterling to USD / Oct 21	1.34 ▲ 0.0015
Euro to USD / Oct 21	1.12 ▼ -0.0006
SOFR % / Oct 20	3.88 -

Stock	Volume
S&P 500 / Oct 21	7,757.17
India Sensex / Oct 21	73,709.69
Tokyo Nikkei / Oct 21	64,621.24
Nasdaq / Oct 21	26,702.86
Hang Seng / Oct 21	23,651.87
FTSE 100 / Oct 21	10,752.88
Dow Jones / Oct 21	52,856.09
Germany DAX 30 / Oct 21	25,645.04
France CAC40 / Oct 21	7,921.68

Item	Value
Petrol/Litre / Oct 22	382.02
Diesel/Litre / Oct 22	389.80
Crude Oil USD/Barrel / Oct 21	98
Karachi Cotton PKR/37.32 KG / Oct 21	18,380
Gold 10 Grams PKR / Oct 21	372,544
Gold Spot USD/Ounce / Oct 21	4,111.26
Cotton US¢/pound / Oct 21	81.83

Oil prices steady as investors weigh progress on Russia-Ukraine talks against falling US oil stocks

US spice maker McCormick announces plan to acquire majority stake in Unilever Pakistan Foods

Pakistan urged to build on its hard-won stability

PPIB holds talks with stakeholders: USD2.3bn project to deploy 16.2m AMI meters envisaged

Stocks rebound as KSE-100 closes with 779 points gain

Gold price per tola drops Rs900 in Pakistan

Pakistan, US pursuing revised trade pact

Pakistan, Maldives target $200m bilateral trade in two years

New valuation for tyres, tubes of buses, trucks issued

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Business & Finance

Energy

Oil rises as US orders diplomats to leave Saudi Arabia amid escalating tensions

Brent crude futures rose $1.29, or 1.2%, to $110.11 a barrel

Published 22 Oct, 2026 07:36am

BR Research

Tariffs: an overlooked test case

Pakistan’s tariff debate has run for decades on two competing assertions. Protectionists argue that domestic...

Published 22 Oct, 2026 05:52am

Forex

Dip in the dollar takes a breather with Fed in focus

Sterling , which hit a one-month high of $1.3409 earlier in the week, has been supported hotter-than-expected British inflation ⁠and held at $1.33955

Published 22 Oct, 2026 07:43am

Forex

Rupee traders weigh Jio IPO flows against oil price risks

The Indian rupee is expected to ‌open in 94.44-94.50 range, per traders, after settling at 94.46 to the dollar on Wednesday

Published 22 Oct, 2026 08:16am

BR Research

Octopus Digital Limited: performance and outlook

Octopus Digital Limited (PSX: OCTOPUS) was incorporated in Pakistan as a private limited company in 2017 as Avanceon...

Updated 22 Oct, 2026 07:23am

Australia's ASX says 'turning point' reached after trading outages

The ASX has faced a number of trading outages and settlement delays over the past three years following a failed technology overhaul

Published 22 Oct, 2026 08:04am

Nestle, Zydus, Abbott face India scrutiny over claims on children's products

The action comes days after the regulator proposed banning the addition of sucrose and fructose to foods for infants up to six months old

Published 22 Oct, 2026 07:56am

Companies

Southwest Airlines cuts profit forecast as fuel costs overshadow turnaround gains

The Dallas-based carrier expects adjusted earnings of $2.60 to $2.85 per share in 2026, down from its earlier forecast of $3.25 to $4.25

Published 22 Oct, 2026 07:52am

Bank of Korea holds rates as expected after back-to-back hikes

The seven-member monetary policy board at the BOK voted to keep the seven-day repurchase rate ‌at ⁠3.00%

Published 22 Oct, 2026 07:50am

Stocks

Indian shares seen opening lower as high oil prices fuel inflation worries

GIFT Nifty futures were ‌at 22,643

Published 22 Oct, 2026 07:45am

BR Research

POL: Strong earnings, mixed production

Pakistan Oilfields Limited (PSX: POL) started FY27 on a strong note, reporting a 51 percent year-on-year increase in...

Published 21 Oct, 2026 02:29am

BR Research

Safe Mix Concrete Limited: performance and outlook

Safe Mix Concrete Limited (PSX: SMCPL) was incorporated in Pakistan as a private limited company in 2005 and was...

Updated 21 Oct, 2026 01:42pm

BR Research

1QFY27 FDI growth masks a narrow investment base

Foreign direct investment (FDI) in Pakistan ahs seen some modest and concentrated recovery in 1QFY27. Net FDI...

Updated 20 Oct, 2026 07:21am

BR Research

Mughal Iron & Steel Industries Limited: performance and outlook

Mughal Iron & Steel Industries Limited (PSX: MUGHAL) was incorporated in Pakistan as a public limited company in...

Updated 20 Oct, 2026 07:27am

Pakistan

2026-10-22-01-49

FCC reinstates three ATC judges sacked by Sindh govt

ISLAMABAD: The Federal Constitutional Court has accepted the appeal of Muhammad Yamin, declaring invalid the Sindh... Published 22 Oct, 2026 05:52am

2026-10-22-01-49

India invites Pakistan to SCO culture ministers’ meeting in Delhi

ISLAMABAD: Pakistan has received an invitation from India to attend the Shanghai Cooperation Organization (SCO)... Published 22 Oct, 2026 05:52am

2026-10-22-01-49

Service tribunal must correct unlawful actions, not replace administrative decisions, according to SC

ISLAMABAD: The Supreme Court ruled that the effectiveness of service adjudication by the Service Tribunal lies in... Published 22 Oct, 2026 05:52am

2026-10-22-01-19

Gandapur challenges Salman to identify ‘party conspirators’

ISLAMABAD: Former Khyber Pakhtunkhwa chief minister Ali Amin Gandapur on Wednesday challenged PTI Secretary General... Published 22 Oct, 2026 05:52am

2026-10-22-01-19

Trade, investment, education, climate change: Dar for expanding cooperation with Maldives

ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar called on Maldivian President Dr... Published 22 Oct, 2026 05:52am

2026-10-22-12-59

NBP partners with Habib University Foundation

KARACHI: National Bank of Pakistan (NBP) and Habib University Foundation have entered into a Memorandum of... Published 22 Oct, 2026 05:52am

World

Europe

Putin agrees to resume 3-way peace talks with Ukraine and US

Wednesday’s encounter unfolded amid concerns in Kyiv and among its allies that the United States is backing away from Ukraine

Published 22 Oct, 2026 08:13am

Asia

North Korea's Kim Yo Jong warns South Korea, says border loudspeakers to be ready within days

The statement came with a warning to Seoul of 'the most horrible and distressing situation' if South Korea continued what Pyongyang calls interference in the North's internal affairs.

Published 22 Oct, 2026 08:24am

Europe

Canada's Carney visits Turkiye in push to ease US trade dependence

Carney and Erdogan are expected to sign a declaration deepening cooperation in four areas including defense and energy, a person briefed on the matter said

Published 22 Oct, 2026 08:01am

2026-10-22-03-01

Israel detains US congressional candidate at West Bank olive harvest

RAMALLAH: Israeli forces on Wednesday briefly detained a US congressional candidate as he joined activists... Published 22 Oct, 2026 05:52am

Middle East

Two killed after drone intercepted near Saudi Aramco's Shaybah oilfield; injured includes one Pakistani

The attempted attack resulted in the deaths of two residents, one Filipino and one Nepali, and injuries to two residents, one Pakistani and one Indian due to falling debris following the interception, Saudi Arabia says

Published 22 Oct, 2026 02:23am