Home - Business Recorder

Published 05 Dec, 2024 06:47am

17 IPPs of 1994, 2002 policies: Deal reached on hybrid ‘take and pay’ model

ISLAMABAD: The government’s task force on energy and 17 Independent Power Producers (IPPs) of Power Policies of...

Conversion of JPP to Thar coal: Experts’ panel formed to firm up recommendations

Published 05 Dec, 2024 06:47am

ABC teams brief Aurangzeb about issues facing businessmen

Updated 05 Dec, 2024 08:37am

PCP, PR, OPF boards’ reconstitution gets nod: CCoSOEs concerned over Rs1trn annual losses by SOEs

Published 05 Dec, 2024 06:47am

Oct govt debt stock drops Rs456bn to Rs69.114trn MoM

Published 05 Dec, 2024 06:47am

Cooperation in trade, investment: BoI and China’s CNTAC set to sign MoU today

Published 05 Dec, 2024 06:47am

Investments in Balochistan: Bugti vows strict security measures

Updated 05 Dec, 2024 08:39am

Aurangzeb says affordable housing linked with two ‘existential’ problems

Published 05 Dec, 2024 06:47am

Islamabad lockdown: IHC expresses annoyance over govt, PTI

Published 05 Dec, 2024 06:47am

Sukuk auction: Govt raises Rs2trn in 2024 using PSX platform

Published 05 Dec, 2024 06:47am

Customs/export value of fruits revised

Updated 05 Dec, 2024 08:38am

Must Read

Editorials

Retirement age proposal

Opinion

Minimum wage revisited

Opinion

Pakistan’s energy revolution: 35% gas reserve for private firms

Editorials

Inflation slide arrested

BR Research

November ignites petroleum sales

Opinion

The Duck Curve challenge

Editorials

100 percent tariffs for BRICS

BR Research

CPI: MPC mustn’t get distracted by base effect

Opinion

Falling industrial production

Opinion

Is TTS game changer against tax evasion or another missed opportunity?

Opinion

Judicial independence after 26th Amendment

‘Moving in the right direction’: Aurangzeb highlights economic progress

Recorder headlines: December 4, 2024 (4pm)

PM leaves for Saudi Arabia to participate in ‘One Water Summit’

COAS Munir visits field training exercise near Narowal and Sialkot

Recorder headlines

Budget 2024-25: income tax calculator for FY25

FBR imposes new condition on overseas Pakistanis

NJLI Sarmaya Growth Fund Rates

Aurangzeb calls for taxing wholesale, retail sectors

World Bank estimates total external debt stocks at $130.847bn by end 2023

Govt says IMF programme facing no disruptions

Banks’ ADR recorded at 47pc as of Nov 15th

FBR tells SC: Rs880m recovered from people holding foreign accounts, properties

Another significant cut in key policy rate expected as inflation eases

Pakistan defers LNG contract with Qatar for a year, petroleum minister says

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	277.97
USD PKR Interbank Buying / Dec 4	277.77
USD to Japanese Yen / Dec 4	150.37
USD to Swiss Franc / Dec 4	0.89
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.05

Stock	Volume
S&P 500 / Dec 3	6,049.87
Nasdaq / Dec 3	19,480.91
Dow Jones / Dec 3	44,705.53
India Sensex / Dec 4	80,956.33
Tokyo Nikkei / Dec 4	39,276.39
Hang Seng / Dec 4	19,742.46
FTSE 100 / Dec 4	8,328.12
Germany DAX 30 / Dec 4	20,195.75

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Crude Oil USD/Barrel / Dec 4	70.17
Gold 10 Grams PKR / Dec 4	235,940
Gold Spot USD/Ounce / Dec 4	2,644.45
Cotton US¢/pound / Dec 4	71.11
Petrol/Litre / Dec 5	252.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.17 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	639.72 ▼ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	64.26 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.17 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	639.72 ▲ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	64.26 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	257,531,069 ▲ 0.00
Cnergyico PK / Dec 5 Cnergyico PK Limited(CNERGY)	213,200,271 ▲ 0.00
Pak Int.Bulk / Dec 5 Pakistan International Bulk Terminal(PIBTL)	89,650,764 ▲ 0.00
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	75,744,156 ▲ 0.00
Power Cement / Dec 5 Power Cement Limited(POWER)	69,203,491 ▲ 0.00

Markets →

‘Moving in the right direction’: Aurangzeb highlights economic progress

Recorder headlines: December 4, 2024 (4pm)

PM leaves for Saudi Arabia to participate in ‘One Water Summit’

COAS Munir visits field training exercise near Narowal and Sialkot

Currency	Rate
USD PKR Interbank Selling / Dec 4	277.97
USD PKR Interbank Buying / Dec 4	277.77
USD to Japanese Yen / Dec 4	150.37
USD to Swiss Franc / Dec 4	0.89
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.05

Stock	Volume
S&P 500 / Dec 3	6,049.87
Nasdaq / Dec 3	19,480.91
Dow Jones / Dec 3	44,705.53
India Sensex / Dec 4	80,956.33
Tokyo Nikkei / Dec 4	39,276.39
Hang Seng / Dec 4	19,742.46
FTSE 100 / Dec 4	8,328.12
Germany DAX 30 / Dec 4	20,195.75

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Crude Oil USD/Barrel / Dec 4	70.17
Gold 10 Grams PKR / Dec 4	235,940
Gold Spot USD/Ounce / Dec 4	2,644.45
Cotton US¢/pound / Dec 4	71.11
Petrol/Litre / Dec 5	252.10

FBR imposes new condition on overseas Pakistanis

NJLI Sarmaya Growth Fund Rates

Aurangzeb calls for taxing wholesale, retail sectors

World Bank estimates total external debt stocks at $130.847bn by end 2023

Govt says IMF programme facing no disruptions

Banks’ ADR recorded at 47pc as of Nov 15th

FBR tells SC: Rs880m recovered from people holding foreign accounts, properties

Another significant cut in key policy rate expected as inflation eases

Pakistan defers LNG contract with Qatar for a year, petroleum minister says

Business & Finance

2024-12-05-04-01

Talks under way to import Russian oil: minister

ISLAMABAD: Pakistan and Russia are actively negotiating the structure of a deal for the import of Russian oil by... Published 05 Dec, 2024 06:47am

BR Research

ADR race: calm down your horses

The ADR race is now close to the finish line. After reaching a bottom of 37 percent in September 2024, the banking...

Published 05 Dec, 2024 08:07am

2024-12-05-04-01

OECD warns of protectionism weeks before Trump return

PARIS: The OECD warned Wednesday that protectionist trade measures pose a major risk to disrupting the world ... Published 05 Dec, 2024 06:47am

2024-12-05-02-30

ADB, SAFCO ink $86m financing package for SAF facility in Sheikhupura

ISLAMABAD: The Asian Development Bank (ADB) and SAFCO Venture Holdings Limited (SAFCO) have signed $86.2 million... Published 05 Dec, 2024 07:47am

BR Research

PRL: Slippery start to FY25

FY25 started on a heavy note for Pakistan Refinery Limited (PSX: PRL) as the company experienced a challenging...

Published 05 Dec, 2024 08:03am

2024-12-05-02-30

Strategic position can enable country to emerge as a hub for economic connectivity: minister

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that Pakistan’s... Published 05 Dec, 2024 08:16am

2024-12-05-12-32

South America summit hopes to seal ‘historic’ trade deal with EU

MONTEVIDEO: Brazil, Argentina, Uruguay and Paraguay are hoping to announce a blockbuster trade deal with the ... Updated 05 Dec, 2024 07:08am

2024-12-05-02-15

Petroleum products’ sales surge to 25-month high

KARACHI: The sales of petroleum products in the country increased by 15 percent on year-on-year basis to 1.58 ... Published 05 Dec, 2024 08:44am

2024-12-05-02-30

Business Facilitation Centres: Ceremony marks completion of one year

LAHORE: A ceremony was held under the auspices of the Department of Industries and Commerce to mark completion of ... Updated 05 Dec, 2024 08:09am

2024-12-05-02-15

Jam, ABC team discuss range of key issues

ISLAMABAD: The Minister for Commerce of Pakistan, Jam Kamal Khan, met with a delegation from the American Business... Updated 05 Dec, 2024 08:50am

BR Research

Loads Limited

Loads Limited (PSX: LOADS) was incorporated in Pakistan as a private limited company in 1979 and was later converted...

Published 05 Dec, 2024 07:59am

BR Research

November ignites petroleum sales

After a strong October, November 2024 also proved favorable for the oil marketing companies, as the sector’s...

Published 04 Dec, 2024 08:50am

BR Research

Khyber Textile Mills

Khyber Textile Mills (PSX: KHYT) was incorporated as a Public Limited Company in Pakistan in 1961. The company was...

Published 04 Dec, 2024 08:43am

BR Research

CPI: MPC mustn’t get distracted by base effect

The downward journey of headline inflation continues, with the CPI clocking in at 4.9 percent in November 2024,...

Published 03 Dec, 2024 08:51am

Pakistan

2024-12-05-04-01

PTI protest: Dar briefs diplomats on situation

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar has briefed the foreign diplomats about the recent... Published 05 Dec, 2024 06:47am

2024-12-05-02-30

Rs10,000 fine imposed on IK sisters

ISLAMABAD: An anti-terrorism court (ATC) on Wednesday imposed a fine of Rs10,000 on the sisters of imprisoned... Published 05 Dec, 2024 06:47am

2024-12-05-02-30

LG polls in Islamabad: ECP to hold delimitation exercise once again

ISLAMABAD: Less than two months before the retirement of Chief Election Commissioner Sikandar Sultan Raja, the poll... Published 05 Dec, 2024 06:47am

2024-12-05-02-30

Shibli Faraz resigns as member of JCP

ISLAMABAD: In line with the directives of jailed chairman of Pakistan Tehreek-e-Insaf (PTI) Imran Khan, Shibli Faraz... Published 05 Dec, 2024 06:47am

2024-12-05-02-30

Fazl, Bilawal discuss Madrassah Registration Bill

ISLAMABAD: Jamiat Ulema-e-Islam (JUI) chief Maulana Fazlur Rehman, Wednesday, held a meeting with the chairman of... Published 05 Dec, 2024 07:53am

2024-12-05-02-30

Terrorist outfits may enhance their activities in Afghanistan, moot told

ISLAMABAD: There is a danger that the terrorist organisations may enhance their activities and re-enact a 9/11-type... Published 05 Dec, 2024 06:47am

World

French government felled in no-confidence vote, deepening political crisis

PARIS: French lawmakers passed a no-confidence vote against the government on Wednesday, throwing the European... Updated 05 Dec, 2024 09:00am

2024-12-05-12-32

South America summit hopes to seal ‘historic’ trade deal with EU

MONTEVIDEO: Brazil, Argentina, Uruguay and Paraguay are hoping to announce a blockbuster trade deal with the ... Updated 05 Dec, 2024 07:08am

Europe

Russia’s Lavrov to visit Malta in first EU trip since Ukraine offensive

MOSCOW: Russian Foreign Minister Sergei Lavrov will travel to Malta on Thursday for an OSCE summit, Moscow... Published 04 Dec, 2024 08:29pm

Europe

Scholz says too early to consider German peacekeepers in Ukraine

BERLIN: German Chancellor Olaf Scholz said Wednesday it was too early and “inappropriate” to discuss whether Berlin... Published 04 Dec, 2024 07:29pm

South Asia

UN urges Afghan Taliban not to block women’s medical training

KABUL: The UN mission to Afghanistan on Wednesday urged the Taliban government to reconsider a reported plan to ban... Published 04 Dec, 2024 11:56pm

Editorials

Retirement age proposal

EDITORIAL: The recent proposal to reduce retirement age from 60 to 55 years for the bureaucracy warrants a serious...

Lifting of ban on PIA

EDITORIAL: The European Aviation Safety Agency’s decision last week to finally remove the four-year ban on PIA...

Inflation slide arrested

EDITORIAL: Pakistan Bureau of Statistics (PBS) revealed a 4.9 percent Consumer Price Index, a 2.3 percent decline...

Fragile calm in Kurram

EDITORIAL: Too many precious lives have been lost in intermittent eruption of violence between warring tribes in...

100 percent tariffs for BRICS

EDITORIAL: US President-elect Donald Trump wrote on Truth Social, his social media platform, that if BRICS countries...

Opinion

Minimum wage revisited

Majyd Aziz

Pakistan has an acceptable concept of minimum wage, just like many countries. The reason for imposing minimum wage ...

Pakistan’s energy revolution: 35% gas reserve for private firms

Zartaj Chaudhary

Amid growing energy challenges and economic strains, Pakistan has embarked on a transformative journey to revitalize...

Does COP29 matter amid eroded political consensus?

Ali Jabir

The comity of nations is joined together like the beads of a rosary through the multilateral platform of the United...

The unexplored blue: charting Pakistan’s economic potential

Muhammad Sheroz Khan Lodhi

The Organisation of Economic Cooperation and Development (OECD) describes the ocean as the next ‘Great Economic...

PARTLY FACETIOUS: Urdu word trup can be translated as trump?

Anjum Ibrahim

“Sometimes a word has different meanings in a different language.” “Okayyyyy.” “There is no need to take...

Perspectives

Four things you need to know before accepting a job offer

Khadija Husain

The most intimidating phase of the job process is done and over with, and you now have the prized job offer. Our...

Trust deficit hindering Pakistan’s renewable energy growth

Muqaddas Ashiq

The potential of Variable Renewable Energy (VRE) remains largely untapped in Pakistan, even while the country is...

The future of energy needs women: why gender equality must power the 3x renewables goal

Annam Lodhi

As world leaders and environmental advocates gather for COP29, the climate summit’s ambitions will be loftier than...

Life Style

The ‘Devil Wears Prada’ - and Jimmy Choo, as Elton John musical opens in the West End

Tony and Grammy-nominated actor and star of U.S. television series ‘Ugly Betty’, Vanessa Williams, is making her... Published 03 Dec, 2024 05:47pm

Life & Style

Harvey Weinstein hospitalized after ‘alarming’ blood test: attorney

Published 03 Dec, 2024 01:45pm

Life & Style

Parthenon Marbles to feature in Greek PM’s London talks

Published 03 Dec, 2024 03:08pm

Sports

Pakistan makes four changes to playing XI for third Zimbabwe T20I

Pakistan have announced their playing XI for the third T20I against Zimbabwe, making four changes to their winning... Published 04 Dec, 2024 05:22pm

Sports

With Champions Trophy looming, Pakistan rest Shaheen Afridi for South Africa Tests

Published 04 Dec, 2024 01:03pm

Sports

Australia look to boss India with pink ball under Adelaide lights

Published 04 Dec, 2024 01:51pm

Heinrich Klaasen to captain South Africa’s T20 side as Markram rested

JOHANNESBURG: Heinrich Klaasen will captain South Africa in three Twenty20 matches against Pakistan next week,... Published 04 Dec, 2024 01:31pm

Sports

Pressure mounts on West Ham manager Lopetegui after loss at Leicester

Published 04 Dec, 2024 01:09pm

Sports

KL Rahul keeps India’s batting line-up a closely guarded secret

Published 04 Dec, 2024 12:16pm

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