Home - Business Recorder

Updated 27 May, 2022 04:23pm

Calling off sit-in not a sign of weakness: Imran Khan

Says he ended long march to avoid bloodshed and violence

Markets

After a 16-session losing streak, rupee gains in spectacular fashion

Updated 27 May, 2022 04:33pm

Markets

Stock market rejoices, KSE-100 gains over 900 points in intra-day trading

Updated 27 May, 2022 11:29am

Pakistan

Voting rights for overseas Pakistanis have not been revoked: law minister

Published 27 May, 2022 03:24pm

Business & Finance

Nepra okays Rs4.83 per unit hike in K-Electric tariff

Updated 27 May, 2022 04:20pm

Markets

Brent could push past $150/bbl if Russian oil exports shrink: Bank of America

Published 27 May, 2022 04:49pm

Business & Finance

PBC proposes targeted fuel subsidy, reduction in work week

Published 27 May, 2022 02:35pm

Business & Finance

Govt jacks up flour rates at utility stores

Updated 27 May, 2022 03:31pm

Pakistan

Senate passes NAB law amendment bill, Election Act amendment

Published 27 May, 2022 01:11pm

World

Beijing says Blinken speech ‘smears China’

Published 27 May, 2022 03:17pm

Markets

Versus major peers: Dollar sinks to one-month low amid easing Fed rate hike bets

Updated 27 May, 2022 11:28am

Must Read

Editorials

TSA: A step in the right direction

Opinion

History of interest rates in Pakistan

Business & Finance

Why do startups like setting up shop in Dubai?

Opinion

Pakistan and FATF mandate

Business & Finance

Govts should assist low-income families instead of subsidising energy: WB president

Opinion

The downward spiral of the power sector

Editorials

The IMF shock amid royal benevolence

Business & Finance

Road blockades cost kitty Rs100bn-150bn per day: economists

BR Research

Lazy banking or lazy customers?

BR Research

INDU: Safe passage

Opinion

A programme for economic prosperity

Authorities seize chocolates from passenger at Jinnah International Airport, Karachi

Stalled IMF programme: Govt fails to successfully persuade IMF

Lazy banking or lazy customers?

Govt committed to reviving IMF programme, says Miftah after talks end

Pakistan eyes 'most favourable' LNG agreement with countries including Russia

The IMF shock amid royal benevolence

A fiscal quagmire: genesis

Dollar hovers near one-month low as Fed minutes lack surprise

Indus Motor to launch its first locally-assembled HEV SUV next year

Authorities seize chocolates from passenger at Jinnah International Airport, Karachi

Stalled IMF programme: Govt fails to successfully persuade IMF

Ministry stops PSEs from depositing funds in private banks

A fiscal quagmire: genesis

Over $13bn debt incurred in 10 months: EAD

How to avert economic collapse

Upcoming budget 2022-23

SBP increases EFS, LTFF rates by 2pc

Key policy rate hiked to 13.75pc

Authorities seize chocolates from passenger at Jinnah International Airport, Karachi

Canadian restaurant giant Tim Hortons coming to Pakistan

‘Emergency economic plan’ unveiled

Pakistan’s projected USD cash flows: an accountant’s perspective

World Bank’s RISE-II: Pakistan told it can lose funding if prior actions not completed

SBP raises key interest rate by 150 basis points, takes it to 13.75%

Stalled IMF programme: Govt fails to successfully persuade IMF

Ministry stops PSEs from depositing funds in private banks

Currency	Rate
USD PKR Interbank Selling / May 26	202.40
USD PKR Interbank Buying / May 26	202.00
USD to Japanese Yen / May 26	127.04
USD to Swiss Franc / May 26	0.96
Pound Sterling to USD / May 26	1.26
Euro to USD / May 26	1.07
UK LIBOR % / May 26	0.82

Stock	Volume
S&P 500 / May 26	4057.84
India Sensex / May 26	54252.53
Tokyo Nikkei / May 26	26604.84
Nasdaq / May 26	11740.65
Hang Seng / May 26	20116.20
FTSE 100 / May 26	7564.92
Dow Jones / May 26	32637.19
Germany DAX 30 / May 26	14231.29
France CAC40 / May 26	6410.58

Item	Value
Crude Oil USD/Barrel / May 26	114.16
Karachi Cotton PKR/37.32 KG / May 26	21180.00
Gold 10 Grams PKR / May 26	118900.00
Gold Spot USD/Ounce / May 26	1855.80
Cotton US¢/pound / May 26	124.33

Gainers
Losers
Leaders

Stock	Price
SME Leasing Ltd / May 27 SME Leasing Limited(SLL)	3.40 ▲ 0.95 (38.78%)
Reliance Ins. / May 27 Reliance Insurance Company Limited(RICL)	6.45 ▲ 0.95 (17.27%)
Escorts Bank / May 27 Escorts Investment Bank Limited(ESBL)	7.06 ▲ 1.00 (16.50%)
Punjab Mod / May 27 First Punjab Modaraba(FPJM)	1.92 ▲ 0.22 (12.94%)
Dandot Cement / May 27 Dandot Cement Company Limited(DNCC)	8.20 ▲ 0.90 (12.33%)
F.Treet Manuf / May 27 First Treet Manufacturing Modaraba(FTMM)	8.75 ▲ 0.75 (9.38%)
Samba Bank / May 27 Samba Bank Limited(SBL)	10.25 ▲ 0.86 (9.16%)
Ruby Tex. / May 27 Ruby Textile Mills Limited(RUBY)	4.35 ▲ 0.35 (8.75%)
PICIC Ins.Ltd. / May 27 PICIC Insurance Limited(PIL)	1.03 ▲ 0.08 (8.42%)
Husein Sugar / May 27 Husein Sugar Mills Limited(HSM)	13.72 ▲ 1.00 (7.86%)

Stock	Price
Tri-Star Mutual / May 27 Tri-Star Mutual Fund Limited(TSMF)	5.75 ▲ -1.00 (-14.81%)
Nazir Cotton Mills / May 27 Nazir Cotton Mills Limited(NCML)	5.17 ▲ -0.68 (-11.62%)
Pak Gen.Ins. / May 27 The Pakistan General Insurance Co. Ltd.(PKGI)	8.20 ▲ -0.99 (-10.77%)
Silk Bank Ltd / May 27 Silkbank Limited(SILK)	1.29 ▲ -0.14 (-9.79%)
Askari Life Assur. / May 27 Askari Life Assurance Company Limited(ALAC)	6.21 ▲ -0.67 (-9.74%)
Ist.Dawood Bank / May 27 First Dawood Investment Bank Limited(FDIBL)	2.10 ▲ -0.18 (-7.89%)
Ghazi Fabrics / May 27 Ghazi Fabrics International Limited(GFIL)	5.81 ▲ -0.49 (-7.78%)
Thal Ind.Corp. / May 27 Thal Industries Corporation Limited(TICL)	253.91 ▲ -20.58 (-7.50%)
Cordoba Logistics / May 27 Cordoba Logistics & Ventures Limited(CLVL)	13.21 ▲ -1.07 (-7.49%)
Philip Morris Pak. / May 27 Philip Morris (Pakistan) Limited(PMPK)	536.53 ▲ -43.47 (-7.49%)

Stock	Volume
Cnergyico PK / May 27 Cnergyico PK Limited(CNERGY)	63,944,791 ▼ 0.00
Pak Refinery / May 27 Pakistan Refinery Limited(PRL)	54,932,038 ▼ 0.00
WorldCall Telecom / May 27 Worldcall Telecom Limited(WTL)	21,383,000 ▼ 0.00
Hum Network / May 27 Hum Network Limited(HUMNL)	21,349,500 ▼ 0.00
Ghani Glo Hol / May 27 Ghani Global Holdings Limited(GGL)	19,460,637 ▼ 0.00
Pak Elektron / May 27 Pak Elektron Limited(PAEL)	19,140,500 ▼ 0.00
Telecard Limited / May 27 Telecard Limited(TELE)	18,961,000 ▼ 0.00
K-Electric Ltd. / May 27 K-Electric Limited(KEL)	15,469,500 ▼ 0.00
Unity Foods Ltd / May 27 Unity Foods Limited(UNITY)	12,464,558 ▼ 0.00
Fauji Foods Ltd / May 27 Fauji Foods Limited(FFL)	11,951,000 ▼ 0.00

Markets →

Authorities seize chocolates from passenger at Jinnah International Airport, Karachi

Stalled IMF programme: Govt fails to successfully persuade IMF

Lazy banking or lazy customers?

Govt committed to reviving IMF programme, says Miftah after talks end

Pakistan eyes 'most favourable' LNG agreement with countries including Russia

The IMF shock amid royal benevolence

A fiscal quagmire: genesis

Dollar hovers near one-month low as Fed minutes lack surprise

Indus Motor to launch its first locally-assembled HEV SUV next year

Authorities seize chocolates from passenger at Jinnah International Airport, Karachi

Stalled IMF programme: Govt fails to successfully persuade IMF

Ministry stops PSEs from depositing funds in private banks

A fiscal quagmire: genesis

Over $13bn debt incurred in 10 months: EAD

How to avert economic collapse

Upcoming budget 2022-23

SBP increases EFS, LTFF rates by 2pc

Key policy rate hiked to 13.75pc

Authorities seize chocolates from passenger at Jinnah International Airport, Karachi

Canadian restaurant giant Tim Hortons coming to Pakistan

‘Emergency economic plan’ unveiled

Pakistan’s projected USD cash flows: an accountant’s perspective

World Bank’s RISE-II: Pakistan told it can lose funding if prior actions not completed

SBP raises key interest rate by 150 basis points, takes it to 13.75%

Stalled IMF programme: Govt fails to successfully persuade IMF

Ministry stops PSEs from depositing funds in private banks

A fiscal quagmire: genesis

Business & Finance

Nepra okays Rs4.83 per unit hike in K-Electric tariff

Surge follows increase in prices of petroleum products, flour

Updated 27 May, 2022 04:20pm

BR Research

Islamabad (& Pindi) games

The PTI Long March fizzled after a day of chaos on Wednesday and early Thursday hours. It is difficult to see the...

Published 27 May, 2022 08:21am

PBC proposes targeted fuel subsidy, reduction in work week

Says phasing out of general fuel subsidy should be accompanied with targeted subsidy for most deserving

Published 27 May, 2022 02:35pm

Govt jacks up flour rates at utility stores

The move could further fuel inflation

Updated 27 May, 2022 03:31pm

BR Research

Fuel pricing: stop wasting time

The question is why the successive governments are too fixated on the petroleum prices. The question is why this has...

Published 27 May, 2022 08:20am

Currency

After a 16-session losing streak, rupee gains in spectacular fashion

Closes at 199.76 against the US dollar after 1.13% gain on Friday
Currency's gain comes on back of positive market sentiment after govt jacked up fuel prices and moved a step closer to reviving IMF programme

Updated 27 May, 2022 04:33pm

Stocks

Stock market rejoices, KSE-100 gains over 900 points in intra-day trading

Analysts say hike in prices of petroleum products paves way for IMF programme revival as government charts out economic roadmap

Updated 27 May, 2022 11:29am

Budget FY23: PBA seeks 29pc uniform tax rate

ISLAMABAD: Pakistan Banks Association (PBA) has proposed to the Federal Board of Revenue (FBR) to apply a uniform ... Published 27 May, 2022 05:50am

Why do startups like setting up shop in Dubai?

Businesses thrive in Dubai, which would explain why it was just announced that more than 3,000 new member companies... Updated 27 May, 2022 04:15pm

Proposed additions to CGO: FPCCI supports ‘rent-seeking’ firms

ISLAMABAD: Federation of Pakistan Chamber of Commerce (FPCCI) is reportedly supporting some companies that are... Published 27 May, 2022 05:50am

BR Research

Forest fire and readiness

While the government has been trying to firefight the rising political heatwave, the actual heatwave has also been...

Published 27 May, 2022 08:16am

BR Research

Interview with Adnan Samdani, General Manager – FOTCO and FTTL

‘We have long-term plans of investing in infrastructure expansion’ Adnan Samdani is the GM of FOTCO. He joined...

Published 27 May, 2022 08:13am

BR Research

Lazy banking or lazy customers?

Interest rates have been jacked up by the central bank once again. This is fourth major installment of increase in...

Published 26 May, 2022 08:37am

BR Research

Mobile broadband space

After hitting the 100-millon mark last June, the mobile broadband subscriptions (3G and 4G) continued their growth...

Published 26 May, 2022 08:32am

Pakistan

Calling off sit-in not a sign of weakness: Imran Khan

Says he ended long march to avoid bloodshed and violence

Updated 27 May, 2022 04:23pm

Voting rights for overseas Pakistanis have not been revoked: law minister

Azam Nazeer Tarar says government wants to give them representation in Senate and National Assembly

Published 27 May, 2022 03:24pm

Senate passes NAB law amendment bill, Election Act amendment

Passage comes a day after National Assembly approved both bills

Published 27 May, 2022 01:11pm

Farah Khan case: 4 accused summoned by NAB

LAHORE: The National Accountability Bureau (NAB) Lahore on Thursday summoned four accused in the assets beyond means... Published 27 May, 2022 05:50am

PTI chairman issues 6-day ultimatum after disbanding march

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) chairman and former prime minister Imran Khan on Thursday gave a six-day... Published 27 May, 2022 05:50am

SC bars govt from initiating action against Imran

ISLAMABAD: Supreme Court of Pakistan on Thursday barred the government from initiating action against Pakistan... Published 27 May, 2022 05:50am

World

Asia

Beijing says Blinken speech ‘smears China’

BEIJING: China’s foreign ministry on Friday accused US Secretary of State Antony Blinken of “smearing” the country... Published 27 May, 2022 03:17pm

Europe

West has declared ‘total war’ on Russia: Lavrov

MOSCOW: Russian Foreign Minister Sergei Lavrov on Friday accused Western countries of waging a “total war” on Russia... Published 27 May, 2022 03:11pm

Europe

First case of monkeypox confirmed in Finland

HELSINKI: Finland has confirmed its first case of monkeypox, the Helsinki hospital district said on Friday. A... Published 27 May, 2022 03:33pm

Europe

UK’s Sunak says new support package will have minimal impact on inflation

LONDON: British finance minister Rishi Sunak said on Friday that the new 15 billion pounds ($19 billion)... Published 27 May, 2022 11:33am

South Asia

Taliban dismiss UN concerns on women's rights in Afghanistan

KABUL: The Taliban on Friday rejected the UN Security Council's call to reverse heavy restrictions imposed on Afghan... Published 27 May, 2022 03:20pm

Editorials

TSA: A step in the right direction

EDITORIAL: Earlier this week, a Business Recorder exclusive news report said that the ministry of finance has barred...

The ‘Azadi March’ and after

EDITORIAL: If the government’s high-handed tactics to stop the Pakistan Tehreek-e-Insaf’s (PTI’s) “Haqiqi...

The IMF shock amid royal benevolence

EDITORIAL: Saudi Arabia’s Minister of Finance Mohammad al-Jadaan, on the sidelines of World Economic Forum being...

The demons of forest fires

EDITORIAL: Trees take in carbon dioxide (CO2) from the polluted air and produce oxygen, and thus act as a weapon to...

An MPS amid growing economic distress

EDITORIAL: The Monetary Policy Committee (MPC) met on 23 May as earlier scheduled under the chairmanship of Acting...

Opinion

History of interest rates in Pakistan

Mustafa O. Pasha

The State Bank of Pakistan’s (SBP’s) monetary policy is normally a hot topic amongst the investment community ...

Pakistan and FATF mandate

Huzaima Bukhari | Dr Ikramul Haq | Abdul Rauf Shakoori

The Financial Action Task Force (FATF) released the Report on the State of Effectiveness and Compliance with the ...

The downward spiral of the power sector

I. M. Ahmed

Pakistan’s power sector is currently reeling from a fuel supply chain crisis capable of leading to an implosion....

PARTLY FACETIOUS: The front runner is Nawaz Sharif

Anjum Ibrahim

“So what do you reckon?” “I reckon status quo — The Khan hates the coalition government parties…”...

This procrastination is extremely dangerous

Nadeem Shahid

Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has said that previous government...

Perspectives

Russia-Ukraine: a war that desperately needs to end

S. M. Hali

It has been three months since the outset of the Russia-Ukraine war. Before examining possible scenarios of ...

A worsening climate crisis and its gatekeepers

Faiza Virani

The Global Climate Risk Index 2021 ranks Pakistan number 8 on the list of most susceptible countries

Adapting to virtual

Rahat Zaidi

There are tons of areas where we are leveraging virtualization to make our lives better

Most Popular Articles

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