Home - Business Recorder

Published 26 Sep, 2023 09:26pm

Anyone dealing with governance has to rely on military to meet challenges: caretaker PM Kakar

Interim prime minister also vows to conduct free and fair elections

Pakistan

All parties including PTI are free to join polls: caretaker govt

Published 26 Sep, 2023 09:58pm

Markets

Rupee sees 15th successive session of appreciation, closes below 290 against US dollar

Updated 26 Sep, 2023 09:41pm

Markets

Open-market: rupee strengthens against US dollar

Updated 26 Sep, 2023 09:45pm

Pakistan

Three terrorists killed in Khyber intelligence based operation: ISPR

Updated 26 Sep, 2023 09:46pm

Markets

Cumulative inflow under RDA hits $6.62bn: SBP

Updated 26 Sep, 2023 06:56pm

Markets

Afghanistan’s currency emerges as world’s best performer this quarter: report

Updated 26 Sep, 2023 09:47pm

Markets

KSE-100 closes in red, but volumes rise

Published 26 Sep, 2023 07:10pm

Pakistan

Delimitations: ECP to issue initial constituency lists tomorrow

Published 26 Sep, 2023 08:41pm

Markets

Oil prices edge higher as economic outlook balances tight supply

Updated 26 Sep, 2023 08:44pm

Pakistan

Special court extends Imran, Qureshi’s judicial remand for 14 days

Updated 26 Sep, 2023 04:28pm

Must Read

Editorials

PML-N has helped country avert default?

Opinion

Fall in industrial production

Opinion

Our planet is choking on plastic

BR Research

Currency – the pendulum swing

Opinion

Super tax for tax year 2023: hiked rate cannot be applied with retrospective effect

Life & Style

Local in focus: 5 local leather brands on our radar

Life & Style

Picasso masterpiece begins pre-auction tour in Dubai

Editorials

Pakistan: growth projections

Opinion

Escalating economic divide with India

Opinion

Worst is yet to come

Perspectives

Much-needed iron fist comes into play

Calculate your monthly liability in FY24

Currency – the pendulum swing

FBR urged to extend income tax return deadline

Rupee sees 15th successive session of appreciation, closes below 290 against US dollar

Provincial mandates: Federal spending must be ceased, recommends World Bank

Zero Percent Tax Amnesty Scheme: FBR finally releases data of beneficiaries

NJLI Sarmaya Growth Fund Rates

Worst is yet to come

Open-market: rupee strengthens against US dollar

Protected gas consumers: Rs500 per mmbtu gas tariff hike under study

FBR urged to extend income tax return deadline

Zero Percent Tax Amnesty Scheme: FBR finally releases data of beneficiaries

Fertiliser industry: Govt mulling ending cheaper gas facility

Missing TV anchor Imran Riaz ‘safely recovered’: Sialkot police

14th successive gain: rupee settles at 290.86 against US dollar

Worst is yet to come

Boosting industrial competitiveness: SIFC executive body seeks a financial plan

NJLI Sarmaya Growth Fund Rates

Identifying new taxpayers: Shamshad seeks data of electricity users

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 26	290
USD PKR Interbank Buying / Sep 26	289.75
USD to Japanese Yen / Sep 26	149.12
USD to Swiss Franc / Sep 26	0.91
Pound Sterling to USD / Sep 26	1.22
Euro to USD / Sep 26	1.06
UK LIBOR % / Sep 22	5.43

Stock	Volume
S&P 500 / Sep 26	4285.83
India Sensex / Sep 26	65995.16
Tokyo Nikkei / Sep 26	32315.05
Nasdaq / Sep 26	13129.73
Hang Seng / Sep 26	17517.92
FTSE 100 / Sep 26	7638.77
Dow Jones / Sep 26	33724.21
Germany DAX 30 / Sep 26	15335.80
France CAC40 / Sep 26	7071.74

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 25	18435
Gold 10 Grams PKR / Sep 25	184159.50
Crude Oil USD/Barrel / Sep 26	88.81
Gold Spot USD/Ounce / Sep 26	1910.85
Cotton US¢/pound / Sep 26	87.25

Gainers
Losers
Leaders

Stock	Price
Universal Ins. / Sep 27 The Universal Insurance Company Limited(UVIC)	3.98 ▲ 0.98 (32.67%)
Bilal Fibres / Sep 27 Bilal Fibres Limited(BILF)	2.20 ▲ 0.19 (9.45%)
AL-Abbas Sugar / Sep 27 Al-Abbas Sugar Mills Limited(AABS)	543.95 ▲ 37.95 (7.50%)
Agriautos Ind. / Sep 27 Agriauto Industries Limited(AGIL)	69.91 ▲ 4.88 (7.50%)
Bal. Wheel / Sep 27 Baluchistan Wheels Limited(BWHL)	149.06 ▲ 10.40 (7.50%)
MithchellsFruit / Sep 27 Mitchells Fruit Farms Limited(MFFL)	81.27 ▲ 5.67 (7.50%)
Pak Hotels / Sep 27 Pakistan Hotels Developers Limited(PHDL)	236.54 ▲ 16.50 (7.50%)
Pak Paper Prod / Sep 27 Pakistan Paper Products Limited(PPP)	54.34 ▲ 3.79 (7.50%)
Suraj Cotton / Sep 27 Suraj Cotton Mills Limited(SURC)	106.01 ▲ 7.40 (7.50%)
AEL Textile / Sep 27 AEL Textile Limited(AEL)	18.65 ▲ 1.30 (7.49%)

Stock	Price
Next Capital / Sep 27 Next Capital Limited(NEXT)	4.30 ▼ -0.58 (-11.89%)
U.D.L.Modaraba / Sep 27 First UDL Modaraba(FUDLM)	4.45 ▼ -0.50 (-10.10%)
Bawany Air Products / Sep 27 Bawany Air Products Limited(BAPL)	9.32 ▼ -0.88 (-8.63%)
AKD Hospitality / Sep 27 AKD Hospitality Limited(AKDHL)	121.75 ▼ -9.75 (-7.41%)
Blessed Tex. / Sep 27 Blessed Textiles Limited(BTL)	372 ▼ -29.00 (-7.23%)
Punjab Mod / Sep 27 First Punjab Modaraba(FPJM)	1.30 ▼ -0.10 (-7.14%)
Sapphire Fibres / Sep 27 Sapphire Fibres Limited(SFL)	1125 ▼ -80.65 (-6.69%)
JS Investments / Sep 27 JS Investments Limited(JSIL)	14 ▼ -1.00 (-6.67%)
Waves Home Appliances / Sep 27 Waves Home Appliances Limited(WHALE)	5.60 ▼ -0.39 (-6.51%)
Allawasaya Tex / Sep 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1460 ▼ -100.00 (-6.41%)

Stock	Volume
P.I.A.C.(A) / Sep 27 Pakistan International Airlines Corp(PIAA)	39,294,500 ▲ 0.14
WorldCall Telecom / Sep 27 Worldcall Telecom Limited(WTL)	25,977,686 ▲ 0.03
Pak Elektron / Sep 27 Pak Elektron Limited(PAEL)	20,636,559 ▼ -0.43
K-Electric Ltd. / Sep 27 K-Electric Limited(KEL)	11,029,912 ▲ 0.04
Fauji Foods Ltd / Sep 27 Fauji Foods Limited(FFL)	10,407,842 ▲ 0.24
Cnergyico PK / Sep 27 Cnergyico PK Limited(CNERGY)	9,711,198 ▲ 0.02
Pak Refinery / Sep 27 Pakistan Refinery Limited(PRL)	8,237,304 ▲ 0.16
Hascol Petrol / Sep 27 Hascol Petroleum Limited(HASCOL)	7,286,500 ▲ 0.25
Unity Foods Ltd / Sep 27 Unity Foods Limited(UNITY)	5,817,127 ▼ -0.28
Nishat ChunPow / Sep 27 Nishat Chunian Power Limited(NCPL)	5,515,000 ▼ -0.34

Markets →

Currency – the pendulum swing

FBR urged to extend income tax return deadline

Rupee sees 15th successive session of appreciation, closes below 290 against US dollar

Provincial mandates: Federal spending must be ceased, recommends World Bank

Zero Percent Tax Amnesty Scheme: FBR finally releases data of beneficiaries

NJLI Sarmaya Growth Fund Rates

Worst is yet to come

Open-market: rupee strengthens against US dollar

Protected gas consumers: Rs500 per mmbtu gas tariff hike under study

FBR urged to extend income tax return deadline

Zero Percent Tax Amnesty Scheme: FBR finally releases data of beneficiaries

Fertiliser industry: Govt mulling ending cheaper gas facility

Missing TV anchor Imran Riaz ‘safely recovered’: Sialkot police

14th successive gain: rupee settles at 290.86 against US dollar

Worst is yet to come

Boosting industrial competitiveness: SIFC executive body seeks a financial plan

NJLI Sarmaya Growth Fund Rates

Identifying new taxpayers: Shamshad seeks data of electricity users

Business & Finance

Stocks

KSE-100 closes in red, but volumes rise

The Pakistan Stock Exchange (PSX) experienced another range-bound session on Tuesday, as its benchmark KSE-100 Index... Published 26 Sep, 2023 07:10pm

BR Research

Currency – the pendulum swing

PKR’s slow and steady appreciation continues in the interbank market, as PKR/USD has reached 290 from 307 in 16...

Updated 26 Sep, 2023 09:00pm

Currency

Afghanistan’s currency emerges as world’s best performer this quarter: report

Ruling Taliban have unleashed series of measures to keep afghani in stronghold

Updated 26 Sep, 2023 09:47pm

Companies

Gul Ahmed Textile Mills’ profit sees massive decline in FY23

Gul Ahmed Textile Mills Limited (GATM), a manufacturer of textile products, reported a massive fall in profits in... Published 26 Sep, 2023 04:49pm

BR Research

Profits up for NetSol!

After a stellar FY22, growth continued to pour in for NetSol Technologies Limited (PSX: NetSol). Buoyed by strong...

Published 26 Sep, 2023 08:58am

Business & Economy

Cumulative inflow under RDA hits $6.62bn: SBP

Total amount repatriated now stands at $1.48bn, while net liability is now at $1.13bn

Updated 26 Sep, 2023 06:56pm

Currency

Open-market: rupee strengthens against US dollar

Closes at 291 and 288 on Tuesday

Updated 26 Sep, 2023 09:45pm

Currency

Rupee sees 15th successive session of appreciation, closes below 290 against US dollar

Local currency has gained 6% since it hit record low of 307.1 in inter-bank market on Sept 5

Updated 26 Sep, 2023 09:41pm

Forex

Turkiye lira weakens to new record low vs dollar

ANKARA: The Turkiye lira weakened to a record low beyond 27.236 against the US dollar on Tuesday, due to... Published 26 Sep, 2023 02:04pm

2023-09-26-03-09

Crackdown against urea hoarding, smuggling: Market prices sharply decline

KARACHI: Market prices of urea for farmers sharply reduced by some Rs 500 to 600 per bag due to government’s... Published 26 Sep, 2023 06:33am

BR Research

Pakistan Paper Products Limited

Pakistan Paper Products Limited (PSX: PPP) was incorporated in Pakistan as a private limited company in 1984 and was...

Published 26 Sep, 2023 08:56am

BR Research

Power tariffs: The never-ending rise

The power regulator has approved the periodic adjustment for 4QFY23 – at Rs3.2814/unit. The adjustment was always...

Published 25 Sep, 2023 09:09am

BR Research

Inflation 1, construction 0

The trajectory of cement prices amid lacklustre demand is hard to ignore. Latest numbers from Pakistan Bureau of...

Published 25 Sep, 2023 08:59am

BR Research

Macter International Limited

Macter International Limited (PSX: MACTER) was incorporated in Pakistan as a private limited company in 1992 and was...

Published 25 Sep, 2023 08:54am

Pakistan

All parties including PTI are free to join polls: caretaker govt

Says interim PM Kakar's statement of elections minus Imran Khan is 'misunderstood and misreported'

Published 26 Sep, 2023 09:58pm

Anyone dealing with governance has to rely on military to meet challenges: caretaker PM Kakar

Interim prime minister also vows to conduct free and fair elections

Published 26 Sep, 2023 09:26pm

Delimitations: ECP to issue initial constituency lists tomorrow

The Election Commission of Pakistan (ECP) has announced that the preliminary constituency lists would be issued on... Published 26 Sep, 2023 08:41pm

Intelligence Bureau decides to withdraw plea against Faizabad verdict

The petitions were to be taken up on September 28

Published 26 Sep, 2023 06:39pm

PML-N assails interim interior minister for remarks on Nawaz’s possible arrest upon return

Sarfraz Bugti had said that elder Sharif would be arrested from airport if not granted bail

Updated 26 Sep, 2023 06:57pm

Three terrorists killed in Khyber intelligence based operation: ISPR

Security forces kill commander Kifayat, also known as Tor Adnan

Updated 26 Sep, 2023 09:46pm

World

Zelenskiy says there will be more Ukrainian actions against the Russian 'terrorist state'

Ukrainian President Volodymyr Zelenskiy said on Tuesday that sanctions on Russia were not sufficient to halt its... Published 27 Sep, 2023 12:09am

Blinken tells Azerbaijan leader Nagorno civilians must be protected

WASHINGTON: Secretary of State Antony Blinken told Azerbaijan's president Tuesday that he must protect civilians in... Published 26 Sep, 2023 11:59pm

Europe

Russia’s Medvedev says visited troops in Ukraine

MOSCOW: Russia’s former leader Dmitry Medvedev said Tuesday he visited troops near the frontline in Ukraine’s... Published 26 Sep, 2023 07:57pm

Europe

Kremlin has no comment on report of Black Sea Fleet commander’s death

MOSCOW: The Kremlin said on Tuesday it had no comment on a Ukrainian claim that the commander of Russia’s Black Sea... Published 26 Sep, 2023 03:46pm

South Asia

Water-sharing protests disrupt India’s tech hub of Bengaluru

BENGALURU: Police detained protesters on Tuesday in India’s tech hub of Bengaluru after one tried to commit suicide... Published 26 Sep, 2023 04:29pm

Editorials

PML-N has helped country avert default?

EDITORIAL: Nawaz Sharif, the undisputed leader of Pakistan Muslim League-Nawaz (PML-N), resident in the UK for ...

Pledged flood relief

EDITORIAL: Pakistan is concerned, and rightly so, that donors that pledged $10 billion in aid after last year’s...

Pakistan: growth projections

EDITORIAL: Asian Development Bank (ADB) in its regular publication Asian Development Outlook lowered Pakistan’s...

More delay in elections?

EDITORIAL: After a long dither the Election Commission of Pakistan (ECP) has finally announced that general ...

Durable solution

EDITORIAL: Yet another Pakistani prime minister hit the nail on the head – caretaker PM Kakar this time – as he...

Opinion

Fall in industrial production

Dr Hafiz A Pasha

The estimate of the Quantum Index of Manufacturing (QIM) for the month of July 2023 has recently been released by ...

Our planet is choking on plastic

Shahid Sattar | Noreen Akhtar

According to the UNEP, 3.3 million tons of plastic waste is produced in Pakistan each year. 250 million tons of...

Super tax for tax year 2023: hiked rate cannot be applied with retrospective effect

Syed Shabbar Zaidi & Co.

In our Technical Release 1/2023 relating to the Finance Act, 2023, which was issued on June 9, 2023, our view was...

PARTLY FACETIOUS: Has Dr Shamshad stopped taking briefings?

Anjum Ibrahim

“So was Kakar’s five-day visit to the United States to attend the annual United Nations General Assembly (UNGA)...

Escalating economic divide with India

Anjum Ibrahim

The following is the first part of a two-part series of articles highlighting the differences between the economies...

Perspectives

Much-needed iron fist comes into play

Ali Ahmed

Pakistan’s economy – which remained a hotbed of developments in recent months – is back in the frontline with a...

The caretakers’ (extra) burden

Rehan Ayub

Famous imperialist poet and writer Rudyard Kipling was awarded the Nobel Prize in Literature in 1907. Born in India,...

There is a missing policy mix when it comes to fiscal discipline

Faisal Hafeez

The State Bank of Pakistan (SBP) has raised policy rates by 1,500bps since it started taking action to bring back...

Life Style

Local in focus: 5 local leather brands on our radar

Pakistan is a major exporter of the commodity, but it seems local market is showing great demand as well

Updated 26 Sep, 2023 08:26pm

Life & Style

‘Untold Music Festival’ to debut at Expo City Dubai in February

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