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Published 12 Sep, 2024 03:48am

Saudi envoy, finance minister discuss economy: Govt’s approach to ‘homegrown’ agenda explained

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, reaffirmed Pakistan’s commitment...

Probe against IPPs expanded after resistance by some

Published 12 Sep, 2024 03:48am

Discos’ sell-off to pave way for a competitive market: CCP

Published 12 Sep, 2024 03:48am

All set for SCO ministers’ moot

Published 12 Sep, 2024 03:48am

Tax exemption only allowed under ITO 2001, if ...

Published 12 Sep, 2024 03:48am

Gas use for industrial processes also first priority: ECC

Published 12 Sep, 2024 03:48am

Export of unutilised sugar quota: Cabinet ties extension to grower payment

Published 12 Sep, 2024 03:48am

Acquisition of Telenor, Orion Towers: PTA gets application

Published 12 Sep, 2024 03:48am

Finance Division notifies 10-year limit for family pension

Published 12 Sep, 2024 03:48am

Q4FY24 adjustment: Tariffs of Discos, KE raised by Rs1.74/unit

Published 12 Sep, 2024 03:48am

SCCI files plea against contracts with IPPs

Published 12 Sep, 2024 03:48am

Must Read

Editorials

AGP report

Opinion

Solar energy — a partial fix

Editorials

IMF: New Programme could be last Programme

BR Research

Remittances robust again

Opinion

Discos: privatisation can be a solution

BR Research

Oil bears are back with a bang

World

Fact Check: Kamala Harris and Donald Trump’s presidential debate

Opinion

When real intelligence is lost

Opinion

The rise and fall of MNCs in Pakistan

BR Research

Approval by IMF board to be delayed to Oct?

Editorials

Driving development via local govts

Budget 2024-25: income tax calculator for FY25

Legislation related to privatisation of loss-making SOEs: Minister says govt will need support of Parliament

NJLI Sarmaya Growth Fund Rates

Eid Milad-un-Nabi 2024: govt announces public holiday on September 17

Karachi faces major traffic jam in multiple areas after protesters block key roads

Competition for new currency notes: SBP unveils winners, selected designs

IMF: New Programme could be last Programme

Dewan Farooque Motors (DFML) starts EV production after EDB’s approval

The rise and fall of MNCs in Pakistan

Rupee gains marginally against US dollar

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 11	278.65
USD PKR Interbank Buying / Sep 11	278.40
USD to Japanese Yen / Sep 11	142.41
USD to Swiss Franc / Sep 11	0.85
Pound Sterling to USD / Sep 11	1.30
Euro to USD / Sep 11	1.10

Stock	Volume
S&P 500 / Sep 11	5,536.66
India Sensex / Sep 11	81,523.16
Tokyo Nikkei / Sep 11	35,619.77
Nasdaq / Sep 11	17,395.53
Hang Seng / Sep 11	17,108.71
FTSE 100 / Sep 11	8,193.94
Dow Jones / Sep 11	40,861.71
Germany DAX 30 / Sep 11	18,330.27

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 10	18,735
Crude Oil USD/Barrel / Sep 11	67.07
Gold 10 Grams PKR / Sep 11	226,337
Gold Spot USD/Ounce / Sep 11	2,512.70
Cotton US¢/pound / Sep 11	69.61
Petrol/Litre / Sep 12	259.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 12 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 12 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 12 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 12 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 12 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 11	278.65
USD PKR Interbank Buying / Sep 11	278.40
USD to Japanese Yen / Sep 11	142.41
USD to Swiss Franc / Sep 11	0.85
Pound Sterling to USD / Sep 11	1.30
Euro to USD / Sep 11	1.10

Stock	Volume
S&P 500 / Sep 11	5,536.66
India Sensex / Sep 11	81,523.16
Tokyo Nikkei / Sep 11	35,619.77
Nasdaq / Sep 11	17,395.53
Hang Seng / Sep 11	17,108.71
FTSE 100 / Sep 11	8,193.94
Dow Jones / Sep 11	40,861.71
Germany DAX 30 / Sep 11	18,330.27

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 10	18,735
Crude Oil USD/Barrel / Sep 11	67.07
Gold 10 Grams PKR / Sep 11	226,337
Gold Spot USD/Ounce / Sep 11	2,512.70
Cotton US¢/pound / Sep 11	69.61
Petrol/Litre / Sep 12	259.10

Legislation related to privatisation of loss-making SOEs: Minister says govt will need support of Parliament

NJLI Sarmaya Growth Fund Rates

Eid Milad-un-Nabi 2024: govt announces public holiday on September 17

Karachi faces major traffic jam in multiple areas after protesters block key roads

Competition for new currency notes: SBP unveils winners, selected designs

IMF: New Programme could be last Programme

Dewan Farooque Motors (DFML) starts EV production after EDB’s approval

The rise and fall of MNCs in Pakistan

Rupee gains marginally against US dollar

Business & Finance

2024-09-12-12-51

BF Biosciences plans to raise up to Rs1.93bn through IPO

KARACHI: BF Biosciences Limited plans to raise Rs1.38 billion to Rs1.93 billion through issuing 28.3 percent new... Published 12 Sep, 2024 03:48am

BR Research

Oil bears are back with a bang

As crude oil prices hover around the $68 mark (lowest in over a year), the oil market stands poised for a pivotal...

Published 11 Sep, 2024 09:12am

2024-09-12-12-27

Pakistan, China agree to explore ways to further enhance trade

ISLAMABAD: Jam Kamal Khan, Federal Minister for Commerce held a meeting with Chinese Vice Minister of Commerce, on... Published 12 Sep, 2024 03:48am

Stocks

Ahead of monetary policy announcement, KSE-100 loses 635 points as market divided

Key benchmark index settles near 78,650 level

Updated 11 Sep, 2024 09:34pm

BR Research

Remittances robust again

In August 2024, the country recorded a significant increase in remittances, reaching $2.94 billion, the year-on-year...

Published 11 Sep, 2024 09:11am

Commodities

Gold prices in Pakistan hit record high of Rs264,000 per tola

Gold prices in Pakistan registered back-to-back gains on Wednesday in line with their increase in the international... Published 11 Sep, 2024 02:20pm

Business & Economy

Saudi Arabia committed to Pakistan’s economic growth, says KSA envoy

Finance Division says ambassador has indicated that a Saudi business delegation could visit Pakistan in coming months to explore areas for joint ventures, collaborative investments

Updated 11 Sep, 2024 08:44pm

Money & Banking

Visa aims for 10-fold rise in Pakistani use of digital payments

KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the... Updated 11 Sep, 2024 10:43pm

Companies

Fauji Fertilizer Company intends to acquire Agritech Limited

Fauji Fertilizer Company (FFC), one of Pakistan’s largest fertilizer producers, has expressed its intention to... Updated 11 Sep, 2024 09:34pm

Currency

Rupee gains marginally against US dollar

Currency settles at 278.54 against the greenback in inter-bank market

Updated 11 Sep, 2024 10:42pm

BR Research

Pakistan Aluminum Beverage Cans Limited

Pakistan Aluminum Beverage Cans Limited (PSX: PABC) was incorporated in Pakistan as a public unlisted company in...

Published 11 Sep, 2024 09:05am

BR Research

Approval by IMF board to be delayed to Oct?

It’s been almost two months since the SLA, and there is no update on when Pakistan’s program would be approved by...

Published 10 Sep, 2024 06:35am

BR Research

Quarterly adjustment rises

The power regulator Nepra approved another Rs1.74/unit on account of quarterly tariff adjustments, pertaining to...

Published 10 Sep, 2024 06:31am

BR Research

Ismail Industries Limited

Ismail Industries Limited (PSX: ISIL) was incorporated in Pakistan as a private limited company in 1988 and was...

Published 10 Sep, 2024 06:26am

Pakistan

2024-09-12-01-32

Death anniversary of Quaid-e-Azam observed

LAHORE: The 76th death anniversary of the father of the nation, Quaid-e-Azam Muhammad Ali Jinnah was observed with... Published 12 Sep, 2024 03:48am

2024-09-12-01-32

Fifth mpox case confirmed in KP

ISLAMABAD: The Ministry of National Health Services and Regulations, Wednesday, announced confirmation of fifth mpox... Published 12 Sep, 2024 03:48am

2024-09-12-01-32

Govt seeks transfer of ‘SC dam fund’ money to public account

ISLAMABAD: The federal government has requested the Supreme Court that the money collected for the construction of... Published 12 Sep, 2024 03:48am

2024-09-12-01-32

Climate ministry, attached depts.: AGP detects massive malfeasance

ISLAMABAD: The Auditor General of Pakistan (AGP) has detected irregularities to the tune of millions of rupees in ... Published 12 Sep, 2024 03:48am

2024-09-12-01-32

Experts highlight water management, food security issues

ISLAMABAD: Experts in a policy dialogue highlighted urgent need to address water management and food security in the... Published 12 Sep, 2024 03:48am

2024-09-12-01-13

JI slams power tariffs hike

KARACHI: Jamaat-e-Islami on Wednesday criticised the federal government’s decision to increase electricity ... Published 12 Sep, 2024 03:48am

World

2024-09-12-12-42

Iran president deepens Iraq ties on first foreign trip

BAGHDAD: Iran and Iraq on Wednesday signed more than a dozen agreements to deepen already strong ties as Masoud... Published 12 Sep, 2024 03:48am

2024-09-12-12-42

Harris and Trump ride debate buzz into election sprint

NEW YORK: Kamala Harris and Donald Trump set out Wednesday to ride the momentum from their high-stakes debate into... Published 12 Sep, 2024 03:48am

Europe

NATO should down Russian drones in Baltics: Lithuania

WARSAW: Lithuania’s defence minister said Wednesday that NATO aircraft based in the Baltic states should shoot down... Published 11 Sep, 2024 10:47pm

Europe

Zelensky says Ukraine’s victory ‘depends’ on United States

KYIV: President Volodymyr Zelensky said Wednesday that Ukraine’s plan to defeat Russia depended on Washington’s... Published 11 Sep, 2024 09:14pm

South Asia

BD seeks $5bn in emergency support to boost forex reserves

DHAKA: Bangladesh is appealing urgently for $5 billion in financial aid from major international lenders to ... Published 12 Sep, 2024 03:48am

Editorials

AGP report

EDITORIAL: Auditor General of Pakistan (AGP) pointed out that the Federal Board of Revenue (FBR) has wrongly...

Erosion of democratic norms

EDITORIAL: The fallout from the PTI (Pakistan Tehreek-e-Insaf) rally held on September 8 in Islamabad continues to...

IMF: New Programme could be last Programme

EDITORIAL: Federal Finance Minister Muhammad Aurangzeb speaking during the Senate session on Monday stated that if...

Security challenges emanating from Kabul

EDITORIAL: Bearing the brunt of relentless attack by TTP (Tehreek-e-Taliban Pakistan) terrorists ensconced in...

Driving development via local govts

EDITORIAL: The declining trend witnessed in the funds allocated towards the Public Sector Development Programme...

Opinion

Solar energy — a partial fix

Asim Javed

There are intense discussions in the energy industry about excess capacity, increasing electricity costs, and...

The survival and growth of cotton

Sajid Mahmood

Cotton production is a cornerstone of Pakistan’s agricultural economy. Not only is it the backbone of the textile...

PARTLY FACETIOUS: ‘I am ideologically on the same side as Harris…’

Anjum Ibrahim

“I saw the Harris-Trump debate, and you know I don’t quite agree with the analysis by one major US news...

The hidden price of protectionism: Pakistan’s tariff trap

Abbas Murtaza Maken

Since Pakistan’s independence in 1947, protectionist policies have been the hallmark of the country’s economic...

Discos: privatisation can be a solution

Muhammad Wali Farooqi

Privatisation has long been touted as a catalyst for economic growth, and for good reason. By introducing private...

Perspectives

Pakistan: a country with history full of lost opportunities

Samir Ahmad

The world has become a better place as its countries capitalised on the opportunities they had from time to time....

The pandemic boosted Pakistan’s freelancers, now internet disruptions are threatening their well-being

Adeena Khan

As COVID-19 reshaped the world, Pakistan’s freelance economy didn’t remain immune to change. It evolved and did so...

Mini budget in offing?: increase tax collection by respecting taxpayers

Ali Ahmed

With each passing month, the government’s target to collect Rs12.97 trillion as Federal Board of Revenue’s (FBR)...

Life Style

CDA approves to revive cinema industry in Islamabad

ISLAMABAD: The Capital Development Authority (CDA) approved revitalization of cinema industry in Islamabad. The ... Published 12 Sep, 2024 03:48am

Life & Style

Taylor Swift endorses Kamala Harris for president

Published 12 Sep, 2024 03:48am

Life & Style

Alhamra celebrates classical music with 2-day ‘Yaad-e-Salamat’ event

Published 12 Sep, 2024 03:48am

Sports

Babar, Rizwan, Shaheen move up in latest ICC Test rankings

Pakistan’s trio of Babar Azam, Mohammed Rizwan and Shaheen Afridi have improved their rankings in the latest ICC... Published 11 Sep, 2024 08:08pm

Sports

Mbappe rejects French league mediation proposal in PSG salary row

Published 11 Sep, 2024 09:34pm

Sports

Man Utd post losses for fifth straight year

Published 11 Sep, 2024 06:38pm

Pakistan beat Japan 2-1 in Asian Hockey Champions Trophy

Pakistan beat Japan 2-1 to register their first win in the Asian Hockey Champions Trophy at the Moqi Hockey Training... Updated 11 Sep, 2024 05:07pm

Sports

Australia coach says top six likely to remain the same for India series

Published 11 Sep, 2024 03:21pm

Sports

Rain continues to wreak havoc on Afghanistan v New Zealand Test

Published 11 Sep, 2024 12:15pm

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