Home - Business Recorder

Updated 30 Apr, 2025 02:47am

India intends to launch military strike within next 24-36 hours, Pakistan info minister says

Attaullah Tarar's statement comes in the wee hours of Wednesday

IT sector: $700m new foreign investment pledges secured: PM

Updated 30 Apr, 2025 08:43am

Reduced hydropower, costly fuels: Govt warns of potential hike in power bills

Published 30 Apr, 2025 05:57am

Kandhkot to third-party buyers: PPL seeks PD’s approval to redirect unutilised gas

Updated 30 Apr, 2025 08:43am

Health, education and social protection: Govt’s current expenditure totals Rs637.749bn: FD

Published 30 Apr, 2025 05:57am

UAE, Kuwait urge Pakistan to exercise restraint

Published 30 Apr, 2025 05:57am

Team comprising over dozen Chinese companies arrives

Updated 30 Apr, 2025 08:43am

ITO provisions and Section 4B: SC urged to harmonise definition of ‘income’

Published 30 Apr, 2025 05:57am

Countrywide slowdown in return submissions

Updated 30 Apr, 2025 08:44am

ST payment: FBR fixes MRP of cement

Updated 30 Apr, 2025 08:44am

OICCI seeks key tax reforms to increase tax-to-GDP ratio

Published 30 Apr, 2025 05:57am

Must Read

Editorials

Projected expenditure rise in budget FY26

Opinion

Mindset traps that trap growth

Opinion

Belligerent Hindustan

Editorials

Taking stock of economic situation

BR Research

The silent dollar squeeze

Opinion

State of the economy

Markets

SBP likely to cut key policy rate by 50bps to 11.5%, brokerage house says

Pakistan

Pakistan’s solar revolution leaves its middle class behind

Editorials

Coming to grips with increased US tariffs

BR Research

Wait is over

Opinion

Pakistan and rating agencies

Pakistan open to ‘neutral, transparent’ probe into Pahalgam attack: PM Shehbaz

Senate passes resolution saying misadventure by India will be met with swift, decisive response

No new canals without consensus, says PM Shehbaz

Pakistan to give befitting response to any Indian misadventure, says Dar

PM Shehbaz arrives in Ankara, Turkey on 2-day official visit

Budget 2024-25: income tax calculator for FY25

Pakistan Navy repels Indian aircraft carrier deployed in Arabian Sea

Kohala Hydropower Project: Chinese co urges Pakistan govt to extend LoS

NJLI Sarmaya Growth Fund Rates

SBP likely to cut key policy rate by 50bps to 11.5%, brokerage house says

The silent dollar squeeze

Pakistan’s real growth forecast stays unchanged: State Bank

IMF Executive Board to discuss Pakistan programme on May 9

Tax laws bill may be part of FY26 Finance Bill: Non-filers to face curbs on economic deals

Gold price per tola gains Rs2,100 in Pakistan

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 29	281.08
USD PKR Interbank Buying / Apr 29	280.83
USD to Japanese Yen / Apr 29	142.42
USD to Swiss Franc / Apr 29	0.82
Pound Sterling to USD / Apr 29	1.38
Euro to USD / Apr 29	1.14
UK LIBOR % / Apr 29	4.96

Stock	Volume
S&P 500 / Apr 29	5,560.83
India Sensex / Apr 29	80,288.38
Tokyo Nikkei / Apr 29	35,902.51
Nasdaq / Apr 29	17,461.32
Hang Seng / Apr 29	22,030.93
FTSE 100 / Apr 29	8,463.46
Dow Jones / Apr 29	40,527.62
Germany DAX 30 / Apr 29	22,425.83
France CAC40 / Apr 29	7,555.87

Item	Value
Crude Oil USD/Barrel / Apr 29	59.81
Karachi Cotton PKR/37.32 KG / Apr 29	16,985
Gold 10 Grams PKR / Apr 29	299,382
Gold Spot USD/Ounce / Apr 29	3,308.96
Cotton US¢/pound / Apr 29	66.19
Petrol/Litre / Apr 30	254.63
Diesel/Litre / Apr 30	258.64

Gainers
Losers
Leaders

Stock	Price
Tri-Star Mutual / Apr 29 Tri-Star Mutual Fund Limited(TSMF)	9.40 ▲ 0.9 (10.59%)
Apna Microfin. / Apr 29 Apna Microfinance Bank Limited(AMBL)	10.29 ▲ 0.97 (10.41%)
EMCO Industries / Apr 29 Emco Industries Limited(EMCO)	42.20 ▲ 3.84 (10.01%)
Askari Bank / Apr 29 Askari Bank Limited(AKBL)	37.26 ▲ 3.39 (10.01%)
Punjab Oil / Apr 29 Punjab Oil Mills Limited(POML)	162.43 ▲ 14.77 (10%)

Stock	Price
First Capital Equities / Apr 29 First Capital Equities Limited(FCEL)	4.25 ▼ -0.67 (-13.62%)
Dewan Textile / Apr 29 Dewan Textile Mills Limited(DWTM)	5.71 ▼ -0.8 (-12.29%)
Dewan Mushtaq / Apr 29 Dewan Mushtaq Textile Mills Limited(DMTM)	7.02 ▼ -0.98 (-12.25%)
Gulistan Sp. / Apr 29 Gulistan Spinning Mills Limited(GUSM)	6.88 ▼ -0.91 (-11.68%)
Lalpir Power / Apr 29 Lalpir Power Limited(LPL)	23.04 ▼ -2.54 (-9.93%)

Stock	Volume
WorldCall Telecom / Apr 29 Worldcall Telecom Limited(WTL)	29,469,482 ▲ 0
Cnergyico PK / Apr 29 Cnergyico PK Limited(CNERGY)	14,819,788 ▲ 0.27
At-Tahur Ltd. / Apr 29 At-Tahur Limited(PREMA)	14,772,321 ▼ -7.09
Maple Leaf Cement / Apr 29 Maple Leaf Cement Factory Limited(MLCF)	13,415,249 ▲ 2.45
Kohinoor Spining / Apr 29 Kohinoor Spinning Mills Limited(KOSM)	12,527,631 ▲ 0

Markets →

Pakistan open to ‘neutral, transparent’ probe into Pahalgam attack: PM Shehbaz

Senate passes resolution saying misadventure by India will be met with swift, decisive response

No new canals without consensus, says PM Shehbaz

Pakistan to give befitting response to any Indian misadventure, says Dar

PM Shehbaz arrives in Ankara, Turkey on 2-day official visit

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 29	281.08
USD PKR Interbank Buying / Apr 29	280.83
USD to Japanese Yen / Apr 29	142.42
USD to Swiss Franc / Apr 29	0.82
Pound Sterling to USD / Apr 29	1.38
Euro to USD / Apr 29	1.14
UK LIBOR % / Apr 29	4.96

Stock	Volume
S&P 500 / Apr 29	5,560.83
India Sensex / Apr 29	80,288.38
Tokyo Nikkei / Apr 29	35,902.51
Nasdaq / Apr 29	17,461.32
Hang Seng / Apr 29	22,030.93
FTSE 100 / Apr 29	8,463.46
Dow Jones / Apr 29	40,527.62
Germany DAX 30 / Apr 29	22,425.83
France CAC40 / Apr 29	7,555.87

Item	Value
Crude Oil USD/Barrel / Apr 29	59.81
Karachi Cotton PKR/37.32 KG / Apr 29	16,985
Gold 10 Grams PKR / Apr 29	299,382
Gold Spot USD/Ounce / Apr 29	3,308.96
Cotton US¢/pound / Apr 29	66.19
Petrol/Litre / Apr 30	254.63
Diesel/Litre / Apr 30	258.64

Pakistan Navy repels Indian aircraft carrier deployed in Arabian Sea

Kohala Hydropower Project: Chinese co urges Pakistan govt to extend LoS

NJLI Sarmaya Growth Fund Rates

SBP likely to cut key policy rate by 50bps to 11.5%, brokerage house says

The silent dollar squeeze

Pakistan’s real growth forecast stays unchanged: State Bank

IMF Executive Board to discuss Pakistan programme on May 9

Tax laws bill may be part of FY26 Finance Bill: Non-filers to face curbs on economic deals

Gold price per tola gains Rs2,100 in Pakistan

Business & Finance

2025-04-30-03-08

IMF EB to consider loan review on May 9

ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) is scheduled to meet on May 9 to consider... Published 30 Apr, 2025 05:57am

BR Research

Oil: Demand fears deepen

Crude oil markets are facing a stark recalibration, with Brent dipping below $66 per barrel this week—a near 20%...

Updated 30 Apr, 2025 07:54am

2025-04-30-03-08

Oil prices fall 2pc to 2-week low

NEW YORK: Oil prices fell about 2% to a two-week low on Tuesday as investors braced for OPEC+ to boost output and... Published 30 Apr, 2025 05:57am

2025-04-30-03-08

No regular member yet: Contract of Ogra Member (Finance) extended

ISLAMABAD: The Cabinet Division extended contract of Member Finance, Oil and Gas Regulatory Authority (Ogra) for one... Published 30 Apr, 2025 05:57am

BR Research

APL 9MFY25: lower profits, rising competition

Attock Petroleum Limited (PSX: APL)announced its financial results for the nine months ended March 2025, reflecting...

Updated 30 Apr, 2025 07:57am

2025-04-30-03-08

World Bank approves $108m more aid for KP projects

ISLAMABAD: The World Bank has approved $108 million in additional financing for the Rural Accessibility Project ($78... Published 30 Apr, 2025 05:57am

2025-04-30-02-18

Senate Functional Committee meets: SBP, NBP present various plans to promote agri, aiding farmers

ISLAMABAD: Both the governor of the State Bank of Pakistan (SBP) and the president of the National Bank of Pakistan... Published 30 Apr, 2025 05:57am

2025-04-30-02-18

Non-corporate distributors: PCDA urges FBR to reconsider real-time invoicing mandate

KARACHI: The Pakistan Chemists & Druggists Association (PCDA) has appealed to the Federal Board of Revenue (FBR)... Published 30 Apr, 2025 05:57am

2025-04-30-02-18

Japan CAA commissioner meets CCP chairman: Digital market regulation, consumer protection discussed

ISLAMABAD: Consumer Affairs Agency (CAA) of Japan on Tuesday conveyed to the Competition Commission of Pakistan ... Published 30 Apr, 2025 05:57am

Stocks

India’s equity benchmarks set to open flat amid escalating geopolitical tensions

India’s benchmark equity indexes are set to open flat on Wednesday as caution due to escalating geopolitical... Published 30 Apr, 2025 08:00am

BR Research

Waves Corporation Limited

Waves Corporation Limited (previously known as Waves Singer Pakistan Limited) (PSX: WAVES) is incorporated in...

Updated 30 Apr, 2025 08:18am

BR Research

The silent dollar squeeze

The current account is in surplus, with no delays in import L/Cs and profit/dividend repatriation payments. Yet, the...

Published 29 Apr, 2025 03:07am

BR Research

Highnoon Laboratories Limited

Highnoon Laboratories Limited (PSX: HINOON) was incorporated in Pakistan as a private limited company in 1984 and ...

Published 29 Apr, 2025 03:07am

BR Research

HBL – profits grow despite challenges

HBL, Pakistan’s largest commercial bank, posted another record quarterly pretax profit at Rs16.6 billion for ...

Updated 28 Apr, 2025 08:12am

Pakistan

India intends to launch military strike within next 24-36 hours, Pakistan info minister says

Attaullah Tarar's statement comes in the wee hours of Wednesday

Updated 30 Apr, 2025 02:47am

2025-04-30-03-08

DG ISPR provides evidence: India involved in cross-border terrorism

ISLAMABAD: Director General Inter-Services Public Relations (DG ISPR) Lieutenant General Ahmed Sharif Chaudhry on... Published 30 Apr, 2025 05:57am

2025-04-30-03-08

Indian drone shot down along LOC

ISLAMABAD: Military shot down an Indian drone along the Line of control (LOC), state radio in Islamabad reported on... Published 30 Apr, 2025 05:57am

2025-04-30-03-08

UN calls Pakistan, India to de-escalate tensions

UNITED NATIONS: UN chief Antonio Guterres called Pakistani Prime Minister Shehbaz Sharif and Indian Foreign Minister... Published 30 Apr, 2025 05:57am

2025-04-30-02-18

Pakistan-UAE JCC session held: Welfare of Pakistani nationals in UAE discussed

ISLAMABAD: The second session of the Pakistan-UAE Joint Consular Committee (JCC) was held Tuesday here at Ministry ... Published 30 Apr, 2025 05:57am

2025-04-30-02-18

Minister for expediting uplift schemes related to public interest

KARACHI: Sindh Minister for Planning, Development, and Energy, Syed Nasir Hussain Shah, stated that development... Updated 30 Apr, 2025 06:36am

World

USA

Canada’s Liberals ride Trump backlash to comeback election win

Canadian Prime Minister Mark Carney’s Liberals staged a major political comeback to retain power in parliamentary... Published 30 Apr, 2025 08:04am

Middle East

Iran, US to resume talks in Oman to narrow gaps over new nuclear deal

MUSCAT: Top Iranian and US negotiators will meet again on Saturday to hammer out a new deal curbing Tehran’s... Published 26 Apr, 2025 10:56am

Europe

Britain calls for calm in Indian and Pakistani communities

LONDON: Britain called on Tuesday for calm between Indian and Pakistani communities in London after lawmakers voiced... Published 30 Apr, 2025 05:57am

Europe

Ukraine detains defence officials suspected of faulty shells supply

KYIV: Ukraine has detained defence officials suspected of supplying the army with faulty mortar shells, the SBU... Published 29 Apr, 2025 11:22pm

South Asia

India arrests Northern Commander for ‘security lapse’

NEW DELHI: The Modi government has fired and arrested Lieutenant General M.V. Suchindra Kumar, General Officer... Published 30 Apr, 2025 05:57am

Editorials

Projected expenditure rise in budget FY26

EDITORIAL: The International Monetary Fund (IMF) has projected a 2.2 percent rise in government expenditure this ...

Economic fallout of geopolitical shocks

EDITORIAL: Amid escalating geopolitical tensions and instability in the region – intensified by the ongoing...

Taking stock of economic situation

EDITORIAL: A well-respected former Finance Minister and academician Dr Hafeez Pasha stated on AAJ Television that ...

Moment of extreme danger

EDITORIAL: It’s one of those things that would be comical if it weren’t so tragic. As the world watches the...

Coming to grips with increased US tariffs

EDITORIAL: It appears that the authorities in Pakistan are taking the threat of US tariffs on our trade rather...

Opinion

Mindset traps that trap growth

Andleeb Abbas

It’s a lost cause. AI is going to take our jobs. Without the “right connections” there is no future. These are...

Belligerent Hindustan

Sirajuddin Aziz

Indians, generally, are peace-loving people. Most Indians from Occupied Kashmir to Kannyakumari passionately...

Energy poverty and flawed subsidy mechanism

Abubakar Ismail | Muhammad Kamil Qaddus

Energy poverty is a critical challenge that leaves millions of households unable to secure essential services such ...

Air Punjab and the Bullet Train

Saif Awan

The spirit of hard work and dedication to public service is a legacy Maryam Nawaz has proudly inherited. Her father,...

PARTLY FACETIOUS: There is a need to divest the Brown Pope of at least one of his hats

Anjum Ibrahim

“I do think that the presence of all national leaders, not only regional, be ensured in the assembly…” “Nawaz Sharif...

Perspectives

How Pakistan’s startups are giving plastic a second life

Shaista Ayesha

In a country where overflowing waste has turned city streets into makeshift landfills, a new wave of startups is stepping up to reimagine a cleaner, more sustainable future

The perils of Harvard-gate

Faiza Virani

Why resistance not appeasement must guide higher education

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