Home - Business Recorder

Updated 21 Mar, 2023 10:56pm

Massive earthquake jolts parts of country

Tremors felt in Lahore, Islamabad, Peshawar, Swabi, Swat, and other cities of northern Khyber Pakhtunkhwa province

Pakistan

Imran gives consent to call all parties conference to discuss elections: Fawad

Published 21 Mar, 2023 08:54pm

Pakistan

Terrorism cases: Imran Khan granted protective bail by LHC

Updated 21 Mar, 2023 06:23pm

Markets

Rupee makes minor gain against US dollar, settles at 283.92

Updated 21 Mar, 2023 10:25pm

Pakistan

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Updated 21 Mar, 2023 08:01pm

Markets

Oil rises for second day as banking fears ease for now

Updated 21 Mar, 2023 08:53pm

Pakistan

Three soldiers martyred in DI Khan attack: ISPR

Published 21 Mar, 2023 07:57pm

World

Xi calls Russia ties priority on Moscow trip

Published 21 Mar, 2023 05:20pm

Business & Finance

Auto sector woes: Hinopak suspends assembly plant operation

Updated 21 Mar, 2023 03:46pm

Markets

Auto financing dips for eighth consecutive month

Published 21 Mar, 2023 04:03pm

Markets

IMF bailout not a silver bullet for Sri Lanka, says Moody’s Analytics

Published 21 Mar, 2023 12:43pm

Must Read

Editorials

The build-up of wider inflationary risks

Opinion

Falling exports and imports

Opinion

Unending political conflict

BR Research

Current account in forceful balance

Editorials

‘Reimagining Pakistan’

Opinion

Toshakhana: asset accumulation

Opinion

Economic impasse is a ticking bomb waiting to go off

BR Research

Female startups more vulnerable to uncertainty?

Markets

UBS takeover of Credit Suisse: the main points

Business & Finance

Two weeks of banking turbulence

BR Research

Jazz in CY22

Massive earthquake jolts parts of country

Petrol subsidy to bikers: two options under study

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Govt announces fuel package relief for low-income families

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

CPEC: entry of 3rd parties now looks imminent

Too tight fiscal space: MoF bans SGs, subsidies

Economic impasse is a ticking bomb waiting to go off

PTI's Atif Munsif, 7 others killed in Abbottabad attack

Petrol subsidy to bikers: two options under study

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Over 200 super rich people in Karachi: Recovery proceedings initiated

Massive earthquake jolts parts of country

Govt announces fuel package relief for low-income families

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

CPEC: entry of 3rd parties now looks imminent

IMF: delay deadliest form of denial?

Too tight fiscal space: MoF bans SGs, subsidies

Petrol subsidy to bikers: two options under study

Fauji’s flirtation with food industry

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Over 200 super rich people in Karachi: Recovery proceedings initiated

Here is the Toshakhana gifts' record since 2002

Friendly delay ‘last hurdle’ to IMF bailout

Govt announces fuel package relief for low-income families

PSO suggests Rs10/litre levy to avert default

Currency	Rate
USD PKR Interbank Selling / Mar 21	285.40
USD PKR Interbank Buying / Mar 21	283.90
USD to Japanese Yen / Mar 21	131.23
USD to Swiss Franc / Mar 21	0.93
Pound Sterling to USD / Mar 21	1.23
Euro to USD / Mar 21	1.07
UK LIBOR % / Mar 20	4.56

Stock	Volume
S&P 500 / Mar 20	3951.57
Tokyo Nikkei / Mar 20	26945.67
Nasdaq / Mar 20	11675.54
Dow Jones / Mar 20	32244.58
India Sensex / Mar 21	58074.68
Hang Seng / Mar 21	19128.12
FTSE 100 / Mar 21	7481.91
Germany DAX 30 / Mar 21	15117.14
France CAC40 / Mar 21	7112.90

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 20	19235
Gold 10 Grams PKR / Mar 20	177726
Crude Oil USD/Barrel / Mar 21	67.15
Gold Spot USD/Ounce / Mar 21	1982.31
Cotton US¢/pound / Mar 21	77.62

Gainers
Losers
Leaders

Stock	Price
First Pak Mod. / Mar 22 First Pak Modaraba(PAKMI)	1.52 ▲ 0.18 (13.43%)
Pak Agro Pack. (GEM) / Mar 22 Pak Agro Packaging Limited (GEM)(GEMPAPL)	8.88 ▲ 0.88 (11.00%)
Balochistan Glass / Mar 22 Balochistan Glass Limited(BGL)	13.30 ▲ 1.00 (8.13%)
Khyber Tex. / Mar 22 Khyber Textile Mills Limited(KHYT)	257.53 ▲ 17.96 (7.50%)
Allied Rent. / Mar 22 Allied Rental Modaraba(ARM)	27.83 ▲ 1.94 (7.49%)
Khairpur / Mar 22 Khairpur Sugar Mills Limited(KPUS)	61.69 ▲ 4.30 (7.49%)
Metro Steel / Mar 22 Metropolitan Steel Corporation Limited(MSCL)	27.55 ▲ 1.92 (7.49%)
Adamjee Life Assur. / Mar 22 Adamjee Life Assurance Company Limited(ALIFE)	18.43 ▲ 1.28 (7.46%)
John&Philips / Mar 22 Johnson & Phillips (Pakistan) Limited(JOPP)	38.95 ▲ 2.44 (6.68%)
Ismail Ind. / Mar 22 Ismail Industries Limited(ISIL)	487.74 ▲ 29.55 (6.45%)

Stock	Price
Jubile Life InsXD / Mar 22 Jubilee Life Insurance Company Limited(JLICL)	116 ▼ -25.68 (-18.13%)
Pak Gen.Ins. / Mar 22 The Pakistan General Insurance Co. Ltd.(PKGI)	3.76 ▼ -0.64 (-14.55%)
Dewan Textile / Mar 22 Dewan Textile Mills Limited(DWTM)	2.01 ▼ -0.32 (-13.73%)
Popular Islamic / Mar 22 Popular Islamic Modaraba(PIM)	7.05 ▼ -0.95 (-11.88%)
Habib Metropol. / Mar 22 Habib Metropolitan Bank Limited(HMB)	31.68 ▼ -4.04 (-11.31%)
Bankislami Pak. / Mar 22 BankIslami Pakistan Limited(BIPL)	10 ▼ -1.23 (-10.95%)
F.Treet Manuf / Mar 22 First Treet Manufacturing Modaraba(FTMM)	7.10 ▼ -0.75 (-9.55%)
B.O.Punjab / Mar 22 The Bank of Punjab(BOP)	4.07 ▼ -0.36 (-8.13%)
Kohat Textile / Mar 22 Kohat Textile Mills Limited(KOHTM)	11.55 ▼ -0.96 (-7.67%)
Pak Gulf Leasing / Mar 22 Pak-Gulf Leasing Company Limited(PGLC)	5.65 ▼ -0.46 (-7.53%)

Stock	Volume
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	25,054,065 ▼ -0.06
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	16,643,395 ▲ 0.02
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	15,140,985 ▼ -0.12
Maple Leaf Cement / Mar 22 Maple Leaf Cement Factory Limited(MLCF)	9,688,020 ▲ 0.18
Pak Int.Bulk / Mar 22 Pakistan International Bulk Terminal(PIBTL)	6,626,500 ▼ -0.06
Dewan Motors / Mar 22 Dewan Farooque Motors Limited(DFML)	6,524,000 ▼ -0.28
Bankislami Pak. / Mar 22 BankIslami Pakistan Limited(BIPL)	5,405,500 ▼ -1.23
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,708,036 ▲ 0.10
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▲ 0.34
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▲ 0.00

Markets →

Massive earthquake jolts parts of country

Petrol subsidy to bikers: two options under study

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Govt announces fuel package relief for low-income families

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

CPEC: entry of 3rd parties now looks imminent

Too tight fiscal space: MoF bans SGs, subsidies

Economic impasse is a ticking bomb waiting to go off

PTI's Atif Munsif, 7 others killed in Abbottabad attack

Petrol subsidy to bikers: two options under study

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Over 200 super rich people in Karachi: Recovery proceedings initiated

Massive earthquake jolts parts of country

Govt announces fuel package relief for low-income families

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

CPEC: entry of 3rd parties now looks imminent

IMF: delay deadliest form of denial?

Too tight fiscal space: MoF bans SGs, subsidies

Petrol subsidy to bikers: two options under study

Fauji’s flirtation with food industry

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Over 200 super rich people in Karachi: Recovery proceedings initiated

Here is the Toshakhana gifts' record since 2002

Friendly delay ‘last hurdle’ to IMF bailout

Govt announces fuel package relief for low-income families

PSO suggests Rs10/litre levy to avert default

IMF: agreement in sight?

Business & Finance

Companies

IGI Life Insurance to launch pension fund with Mahaana Wealth as investment advisor

IGI Life Insurance is set to launch a pension fund in partnership with Mahaana Wealth, Pakistan’s first digital... Published 22 Mar, 2023 04:15am

BR Research

Current account in forceful balance

The current account was almost hung in the balance last month. The outcome is not natural but forced through import...

Updated 21 Mar, 2023 11:52am

Stocks

KSE-100 closes with marginal loss amid sharp decline investor participation

Political and economic uncertainty keep market participants on sidelines

Published 21 Mar, 2023 06:41pm

Auto financing dips for eighth consecutive month

Factors for the decline include massive hike in car prices, soaring interest rates and plant shutdowns of various assemblers

Published 21 Mar, 2023 04:03pm

BR Research

Power generation keeps going down

Nine months and running. Electricity generation has continued to dip year-on-year. This has never happened in at...

Updated 21 Mar, 2023 12:44pm

Business & Economy

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Bloomberg economists believe neighbouring China will help Pakistan in case IMF does not release funds

Updated 21 Mar, 2023 08:01pm

Companies

Auto sector woes: Hinopak suspends assembly plant operation

Cites hurdles in opening Letters of Credit for import of raw materials as reason

Updated 21 Mar, 2023 03:46pm

Currency

Rupee makes minor gain against US dollar, settles at 283.92

Currency appreciates 0.04% in inter-bank market

Updated 21 Mar, 2023 10:25pm

Business & Economy

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

Pakistan authorities did not consult with the International Monetary Fund (IMF) staff ahead of announcing their... Updated 21 Mar, 2023 09:02am

Jul-Feb CA declines 68pc YoY

KARACHI: The country’s current account deficit narrowed by 68 percent during the first eight months of this fiscal... Published 21 Mar, 2023 06:29am

BR Research

Unity Foods Limited

Unity Foods Limited (PSX: UNITY) was incorporated in Pakistan as a private limited company in 1991 and was...

Published 21 Mar, 2023 09:18am

BR Research

Jazz in CY22

The leading mobile network operators (MNO) had a relatively good year in 2022, despite the macroeconomic turbulence...

Published 20 Mar, 2023 07:41am

BR Research

Female startups more vulnerable to uncertainty?

2022 was a brutal year for the startup space in the country, especially after the phenomenal funding boom in 2020...

Published 20 Mar, 2023 07:39am

BR Research

Oil: Can the selloff sustain?

It took no less than a full-blown banking crisis for international oil markets to extend losses for well over a ...

Published 20 Mar, 2023 07:37am

Pakistan

Massive earthquake jolts parts of country

Tremors felt in Lahore, Islamabad, Peshawar, Swabi, Swat, and other cities of northern Khyber Pakhtunkhwa province

Updated 21 Mar, 2023 10:56pm

Imran gives consent to call all parties conference to discuss elections: Fawad

PTI leader says Imran believes all forums must be utilised to raise voices for the conduct of elections

Published 21 Mar, 2023 08:54pm

Three soldiers martyred in DI Khan attack: ISPR

Security forces killed three terrorists and recovered weapons, the military's media wing says

Published 21 Mar, 2023 07:57pm

Terrorism cases: Imran Khan granted protective bail by LHC

He has been granted bail till March 27 for cases registered against him following clashes at Federal Judicial Complex

Updated 21 Mar, 2023 06:23pm

PM reacts strongly to anti-COAS campaign

ISLAMABAD: Prime Minister Shehbaz Sharif has strongly condemned the smear campaign against the army and Chief of ... Published 21 Mar, 2023 06:29am

Coalition govt condemns ‘violence’ against LEAs’ personnel

ISLAMABAD: The ruling coalition Monday authorised the government to take strict action against elements spreading... Published 21 Mar, 2023 06:29am

World

To be constructive, China should urge end of Ukraine invasion: White House

WASHINGTON: If China wants to play a constructive role in Ukraine, its president, Xi Jinping, should urge Russia to... Published 22 Mar, 2023 12:55am

Russia will 'react' if UK supplies uranium ammo to Kyiv: Putin

MOSCOW: Russian President Vladimir Putin said Tuesday that Moscow would be "forced to react" if Britain gives ... Published 21 Mar, 2023 11:13pm

Europe

NATO's Stoltenberg warns China against delivering arms to Russia

BRUSSELS: NATO Secretary-General Jens Stoltenberg warned China on Tuesday against supplying lethal weapons to... Updated 21 Mar, 2023 08:00pm

Europe

Ukraine waiting for confirmation of Zelenskiy call with China’s Xi: Corriere della Sera

Kyiv is waiting to hear if a call will take place between Ukraine’s President Volodymyr Zelenskiy and Chinese leader... Published 21 Mar, 2023 12:36pm

South Asia

Afghanistan school year starts but no classes held

KABUL: Afghanistan’s schools reopened Tuesday for the new academic year, but no classes were held as students were... Published 21 Mar, 2023 01:49pm

Editorials

The build-up of wider inflationary risks

EDITORIAL: The World Bank in its latest publication “Food Security Update” awarded Pakistan the dubious title of...

Inauspicious anniversary

EDITORIAL: How ironic that the country is tumbling from one political-constitutional crisis to another in the year...

Justice denied

EDITORIAL: Inordinate delays in dispensation of justice remain a serious issue of concern in this country. During ...

‘Reimagining Pakistan’

EDITORIAL: Ideas about rescuing the economy, especially about ending its dependence on donor bailouts, come a dime a...

Breathing poison

EDITORIAL: There are 195 countries and more than four million cities and towns in the world. And Lahore, the capital...

Opinion

Falling exports and imports

Dr Hafiz A Pasha

The February figures of exports, imports and balance of trade have just been released. They tell a story of extreme...

Unending political conflict

Rashed Rahman

Imran Khan has claimed that unknown assassins were positioned at the Judicial Complex Islamabad on March 18, 2023...

PARTLY FACETIOUS: Maryam needs to overcome three challenges

Anjum Ibrahim

“Name calling is now routine. Notification Maryam Nawaz (NMN) was labeled the Queen of Liars and The Khan as a...

Toshakhana: asset accumulation

Anjum Ibrahim

The release of the list of those who received extremely expensive gifts during their official foreign tours (mostly...

Economic impasse is a ticking bomb waiting to go off

Ali Khizar

Nothing is going right in the country. The sovereign default is inevitable without an IMF (International Monetary...

Perspectives

Inevitable rise of AI: opportunity more than a threat

Omar Qureshi

As technology hits new peaks every day, it is becoming increasingly difficult not to incorporate it in our daily lives

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