Home - Business Recorder

Updated 06 Feb, 2023 09:06am

Tariff of indigenous gas-run CPPs likely to be reviewed

Government to allow new CPPs with cogeneration technology to get RLNG connections at notified tariff

Markets

Intra-day update: rupee improves, up 1.13% against US dollar

Updated 06 Feb, 2023 01:39pm

Talks extended for two days: IMF demands govt withdraw power subsidy

Updated 06 Feb, 2023 09:11am

Pakistan

Former military ruler Musharraf’s body to be flown to Pakistan

Updated 06 Feb, 2023 01:33pm

All set for inking pact with Denmark under DETI

Updated 06 Feb, 2023 09:11am

World

At least 245 dead in Syria after Turkey earthquake

Updated 06 Feb, 2023 11:57am

FBR to check benami transactions of civil servants

Updated 06 Feb, 2023 09:10am

TTP celebrates death

Updated 06 Feb, 2023 09:09am

COAS reaches UK on five-day visit

Updated 06 Feb, 2023 09:08am

China delivers two Hualong-1 nuclear power units

Updated 06 Feb, 2023 09:09am

KSA warns sanctions, under-investment may cause energy shortages

Updated 06 Feb, 2023 11:45am

Must Read

Editorials

Much needs to be negotiated

Opinion

The mishandling of economy continues

Opinion

Default: last hour?

Opinion

The 80/20 rule for maximising foreign exchange earnings

BR Research

Food CPI: hyperinflation not too far off

BR Research

Interest rates to dictate PSX return

Pakistan

Pervez Musharraf: the military ruler who allied with the US and oversaw rapid growth

Editorials

‘National consensus against terrorism’

Opinion

IMF and the ideal of accountability

Markets

Automart: car prices in Karachi

Editorials

Discos and their losses

The crisis was foretold

PTCL launches new OTT platform

The great fall continues: rupee settles at new all-time low of 276.58 against US dollar

Foreign authorities seeking properties/bank accounts info: FBR won’t intimate concerned taxpayer about request

Mayday, mayday, mayday!

Analyst fears further rupee decline in coming days

Big rise in poverty, unemployment

Govt says ‘will have to’ agree to IMF conditions

Highly critical: SBP-held foreign exchange reserves plunge $592mn, now stand at mere $3.09bn

IMF team ‘quizzes’ PD’s top brass

PM Shehbaz says IMF giving Pakistan tough time over unlocking loan

Highly critical: SBP-held foreign exchange reserves plunge $592mn, now stand at mere $3.09bn

Dar gives go-ahead to Saylani, other charities to help raise $2bn from overseas Pakistanis

PTCL launches new OTT platform

Saudi Arabia links oil refinery’s setup with political consensus

Mayday, mayday, mayday!

The crisis was foretold

Dar approves proposal to raise $2bn from expats

Govt offers its SOE stakes to 2 UAE firms

IMF team ‘quizzes’ PD’s top brass

Govt team tries to persuade IMF to unlock lending

PM Shehbaz says IMF giving Pakistan tough time over unlocking loan

Fitch says PKR to further weaken

In 2 weeks: Indus Motor increases Toyota car prices again as rupee's fall bites

Deal or default: Pakistan’s economy set for an endgame

State of the economy

Currency	Rate
USD PKR Interbank Selling / Feb 6	275
USD PKR Interbank Buying / Feb 6	273.50
USD to Japanese Yen / Feb 3	131.19
USD to Swiss Franc / Feb 3	0.93
Pound Sterling to USD / Feb 3	1.21
Euro to USD / Feb 3	1.08
UK LIBOR % / Feb 3	4.30

Stock	Volume
S&P 500 / Feb 3	4136.48
Nasdaq / Feb 3	12006.96
FTSE 100 / Feb 3	7901.80
Dow Jones / Feb 3	33926.01
Germany DAX 30 / Feb 3	15546.43
France CAC40 / Feb 3	7233.94
India Sensex / Feb 6	60577.20
Tokyo Nikkei / Feb 6	27693.65
Hang Seng / Feb 6	21349.17

Item	Value
Karachi Cotton PKR/37.32 KG / Feb 3	22235
Gold 10 Grams PKR / Feb 3	208500
Crude Oil USD/Barrel / Feb 6	73.58
Gold Spot USD/Ounce / Feb 6	1876.61
Cotton US¢/pound / Feb 6	84.80

Gainers
Losers
Leaders

Stock	Price
First Prudential Mod. / Feb 6 First Prudential Modaraba(PMI)	1.65 ▲ 0.19 (13.01%)
P.I.A.C.(A) / Feb 6 Pakistan International Airlines Corp(PIAA)	4.09 ▲ 0.35 (9.36%)
Abdullah Shah / Feb 6 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	6.15 ▲ 0.45 (7.89%)
Samba Bank / Feb 6 Samba Bank Limited(SBL)	7.70 ▲ 0.56 (7.84%)
Chashma / Feb 6 Chashma Sugar Mills Limited(CHAS)	64.68 ▲ 4.51 (7.50%)
Din Tex. / Feb 6 Din Textile Mills Limited(DINT)	102.63 ▲ 7.16 (7.50%)
Pak Petroleum / Feb 6 Pakistan Petroleum Limited(PPL)	80.15 ▲ 5.59 (7.50%)
Sapphire Textile / Feb 6 Sapphire Textile Mills Limited(SAPT)	1096.50 ▲ 76.50 (7.50%)
Shield Corp. / Feb 6 Shield Corporation Limited(SCL)	235.38 ▲ 16.42 (7.50%)
Oil & Gas Dev. / Feb 6 Oil & Gas Development Company Limited(OGDC)	92.38 ▲ 6.44 (7.49%)

Stock	Price
HBL Invest Fund / Feb 6 HBL Investment Fund(HIFA)	1.42 ▲ -0.23 (-13.94%)
Pak Gulf Leasing / Feb 6 Pak-Gulf Leasing Company Limited(PGLC)	5.80 ▲ -0.75 (-11.45%)
First Elite Cap.Mod / Feb 6 First Elite Capital Modaraba(FECM)	3 ▲ -0.32 (-9.64%)
Shaheen Ins. / Feb 6 Shaheen Insurance Company Limited(SHNI)	3 ▲ -0.30 (-9.09%)
AL-Noor Sugar / Feb 6 Al-Noor Sugar Mills Limited(ALNRS)	57.35 ▲ -4.64 (-7.49%)
Crescent Fib. / Feb 6 Crescent Fibres Limited(CFL)	52.73 ▲ -4.27 (-7.49%)
MCB-ARIF Habib / Feb 6 MCB-Arif Habib Savings and Invest(MCBAH)	21.97 ▲ -1.78 (-7.49%)
Pak Leather / Feb 6 Pak Leather Crafts Limited(PAKL)	18.21 ▲ -1.47 (-7.47%)
Quetta Textile / Feb 6 Quetta Textile Mills Limited(QUET)	14.36 ▲ -1.16 (-7.47%)
OLP Modaraba / Feb 6 OLP Modaraba Limited(OLPM)	12.82 ▲ -1.03 (-7.44%)

Stock	Volume
Pak Petroleum / Feb 6 Pakistan Petroleum Limited(PPL)	21,731,896 ▼ 5.59
Oil & Gas Dev. / Feb 6 Oil & Gas Development Company Limited(OGDC)	10,524,123 ▼ 6.44
Sui North Gas / Feb 6 Sui Northern Gas Pipelines Limited(SNGP)	9,838,368 ▼ 2.46
Hub Power Co. / Feb 6 The Hub Power Company Limited(HUBC)	7,912,174 ▲ -0.33
Cnergyico PK / Feb 6 Cnergyico PK Limited(CNERGY)	7,490,206 ▼ 0.03
Dewan Motors / Feb 6 Dewan Farooque Motors Limited(DFML)	5,698,000 ▼ 0.02
Gul Ahmed / Feb 6 Gul Ahmed Textile Mills Limited(GATM)	4,995,028 ▲ -0.15
K-Electric Ltd. / Feb 6 K-Electric Limited(KEL)	4,974,440 ▼ 0.04
WorldCall Telecom / Feb 6 Worldcall Telecom Limited(WTL)	4,832,816 ▼ 0.02
TRG Pak Ltd / Feb 6 TRG Pakistan Limited(TRG)	4,574,299 ▼ 2.53

Markets →

The crisis was foretold

PTCL launches new OTT platform

The great fall continues: rupee settles at new all-time low of 276.58 against US dollar

Foreign authorities seeking properties/bank accounts info: FBR won’t intimate concerned taxpayer about request

Mayday, mayday, mayday!

Analyst fears further rupee decline in coming days

Big rise in poverty, unemployment

Govt says ‘will have to’ agree to IMF conditions

Highly critical: SBP-held foreign exchange reserves plunge $592mn, now stand at mere $3.09bn

IMF team ‘quizzes’ PD’s top brass

PM Shehbaz says IMF giving Pakistan tough time over unlocking loan

Highly critical: SBP-held foreign exchange reserves plunge $592mn, now stand at mere $3.09bn

Dar gives go-ahead to Saylani, other charities to help raise $2bn from overseas Pakistanis

PTCL launches new OTT platform

Saudi Arabia links oil refinery’s setup with political consensus

Mayday, mayday, mayday!

The crisis was foretold

Dar approves proposal to raise $2bn from expats

Govt offers its SOE stakes to 2 UAE firms

IMF team ‘quizzes’ PD’s top brass

Govt team tries to persuade IMF to unlock lending

PM Shehbaz says IMF giving Pakistan tough time over unlocking loan

Fitch says PKR to further weaken

In 2 weeks: Indus Motor increases Toyota car prices again as rupee's fall bites

Deal or default: Pakistan’s economy set for an endgame

State of the economy

Economy: it has only gotten worse

Business & Finance

Currency

Intra-day update: rupee improves, up 1.13% against US dollar

Currency hovers at 273-274 level in inter-bank market

Updated 06 Feb, 2023 01:39pm

BR Research

Interest rates to dictate PSX return

No one quite starts the New Year like the stock market players at the PSX. Regardless of what has happened in the...

Published 06 Feb, 2023 09:12am

BMP vows to resist IMF pressure to enhance GST to 18pc

LAHORE: As the International Monetary Fund has been pushing the government to increase the general sales tax rate to... Published 06 Feb, 2023 06:20am

SCCI chief criticises govt’s economic policies

PESHAWAR: Business community has expressed concern over the rising power and gas tariffs, unprecedented hike in... Published 06 Feb, 2023 06:20am

BR Research

Food CPI: hyperinflation not too far off

It finally happened. The National Consumer Price Index made a double century in January 2023, indicating that the...

Published 06 Feb, 2023 09:09am

Eurozone dodges recession but gloomy outlook persists

BRUSSELS: The eurozone economy showed greater resilience than expected after avoiding a recession in the fourth... Published 06 Feb, 2023 06:53am

China economic activity swings back to growth in January

BEIJING: China’s economic activity swung back to growth in January, official data showed on Tuesday, after a wave... Published 06 Feb, 2023 06:57am

Central banks should stick to ‘higher for longer’ interest rate approach: IMF

WASHINGTON: Global central banks need to make clear to financial markets the probable need for interest rates to... Published 06 Feb, 2023 06:58am

Stocks

Saudi Arabian shares drop on lower oil prices; Egypt rises

Saudi Arabian stock market closed lower on Sunday, in response to fall in oil prices on Friday amid concern about... Published 05 Feb, 2023 07:33pm

Stocks

China's oil demand bounce may push producers to reconsider output: IEA

BENGALURU: Oil producers may have to reconsider their output policies following a demand recovery in China, the... Published 05 Feb, 2023 06:43pm

BR Research

Telenor Pakistan in CY22

Signifying a challenging operating environment for telecom operators, one of the country’s leading mobile network...

Published 06 Feb, 2023 09:05am

BR Research

Interview with Gizelle Baker - Vice President Global Scientific Engagement Philip Morris International

‘There is a reduction in aerosol exhaled, which is 90-95 percent less toxic than regular smoke.' Gizeller Baker ...

Updated 06 Feb, 2023 10:43am

BR Research

Petroleum consumption ebbing

The downward streak in petroleum consumption continues as January 2023 sales by the oil marketing companies fall by...

Published 03 Feb, 2023 09:30am

BR Research

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