Home - Business Recorder

Updated 17 Aug, 2022 02:18pm

Intra-day update: Rupee starts to fall against US dollar in inter-bank

Currency depreciates 0.46%, hits 214.91

Pakistan

Miftah urges focus on exports at Islamabad summit

Updated 17 Aug, 2022 02:55pm

Pakistan

Shahbaz Gill's physical remand: Islamabad court to announce ruling today

Published 17 Aug, 2022 02:46pm

SBP allows ECs to export dollar on consignment basis

Updated 17 Aug, 2022 10:13am

FY22 LSMI output grows 11.7pc YoY

Updated 17 Aug, 2022 09:40am

Pakistan

UAE president confers Order of Union Medal on Pakistan army chief

Published 17 Aug, 2022 12:13pm

Names of Shahzad Akbar, 9 others placed on ECL

Updated 17 Aug, 2022 09:41am

Registered developers, builders: FBR says annual renewal of registration not needed

Updated 17 Aug, 2022 09:43am

Markets

Oil prices rise $1 after drop in US stockpiles

Updated 17 Aug, 2022 12:50pm

Business & Finance

Dubai airport sees passenger travel surge, hikes annual forecast

Published 17 Aug, 2022 12:36pm

CPPA-G links support for Kapco PPA to NTDC analysis

Updated 17 Aug, 2022 10:13am

Must Read

BR Research

The problem with power price hikes

Editorials

Russian oil and coal: India is on a binge

Opinion

Food for thought as Pakistan turns 75

Business & Finance

Pak Suzuki cuts car prices by up to Rs199,000

Editorials

The quest for a charter of economy

Opinion

Soaring public debt

BR Research

Power tariffs: painful adjustments continue

Opinion

Those who do not learn from history…

BR Research

Auto: mighty fall

Markets

Barring Sri Lanka: Pakistan's rupee worst performer in region during 2022

Business & Finance

Tracking rupee's movement, Indus Motor Company reduces car prices

Pak Suzuki cuts car prices by up to Rs199,000

Nur-E 75: Pakistan’s first electric car prototype unveiled on Independence Day

An illusion of recovery?

Tracking rupee's movement, Indus Motor Company reduces car prices

Special chartered flight: High-profile Pakistanis whose identities are unknown

PM likely to cut new LNG deal with Qatar

Rupee registers marginal appreciation against US dollar

Gas reserves discovered in Tal block, Khyber Pakhtunkhwa

FBR discontinues all fiscal incentives available to PF sector

Pak Suzuki cuts car prices by up to Rs199,000

Nur-E 75: Pakistan’s first electric car prototype unveiled on Independence Day

IMF says no room for subsidies: end of story

Tracking rupee's movement, Indus Motor Company reduces car prices

An illusion of recovery?

Maersk temporarily suspends C&F export bookings from Pakistan

Special chartered flight: High-profile Pakistanis whose identities are unknown

PM likely to cut new LNG deal with Qatar

FBR discontinues all fiscal incentives available to PF sector

Advance tax on immovable property: FBR withdraws holding period exemption

Pak Suzuki cuts car prices by up to Rs199,000

Dubai-based founder of 3 startups says VC ecosystem in Pakistan will find its footing

IMF says no room for subsidies: end of story

Nur-E 75: Pakistan’s first electric car prototype unveiled on Independence Day

Tracking rupee's movement, Indus Motor Company reduces car prices

Maersk temporarily suspends C&F export bookings from Pakistan

Miftah directs immediate meeting to consider SOEs declaring 'healthy dividends'

Without structural reforms, rupee's screams will only get louder

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 16	214.40
USD PKR Interbank Buying / Aug 16	213.90
USD to Japanese Yen / Aug 16	134.09
USD to Swiss Franc / Aug 16	0.95
Pound Sterling to USD / Aug 16	1.21
Euro to USD / Aug 16	1.02
UK LIBOR % / Aug 16	2.32

Stock	Volume
S&P 500 / Aug 16	4305.20
India Sensex / Aug 16	59842.21
Tokyo Nikkei / Aug 16	29092.21
Nasdaq / Aug 16	13102.55
Hang Seng / Aug 16	19873.59
FTSE 100 / Aug 16	7536.06
Dow Jones / Aug 16	34152.01
Germany DAX 30 / Aug 16	13910.12
France CAC40 / Aug 16	6592.58

Item	Value
Crude Oil USD/Barrel / Aug 16	86.92
Karachi Cotton PKR/37.32 KG / Aug 16	18735.00
Gold 10 Grams PKR / Aug 16	122300.00
Gold Spot USD/Ounce / Aug 16	1776.12
Cotton US¢/pound / Aug 16	116.30

Gainers
Losers
Leaders

Stock	Price
Unicap Modaraba / Aug 17 Unicap Modaraba(UCAPM)	2.50 ▲ 0.49 (24.38%)
P.I.A.C.(A) / Aug 17 Pakistan International Airlines Corp(PIAA)	5.18 ▲ 1.00 (23.92%)
Trust Mod. / Aug 17 Trust Modaraba(TRSM)	2.20 ▲ 0.30 (15.79%)
Ist.Dawood Bank / Aug 17 First Dawood Investment Bank Limited(FDIBL)	2.60 ▲ 0.26 (11.11%)
K-Electric Ltd. / Aug 17 K-Electric Limited(KEL)	3.66 ▲ 0.36 (10.91%)
P.T.C.L. / Aug 17 Pakistan Telecommunication Company Ltd(PTC)	7.80 ▲ 0.63 (8.79%)
Shadman Cotton / Aug 17 Shadman Cotton Mills Limited(SHCM)	12.98 ▲ 0.98 (8.17%)
Kohat Textile / Aug 17 Kohat Textile Mills Limited(KOHTM)	17.20 ▲ 1.20 (7.50%)
Amreli Steels / Aug 17 Amreli Steels Limited(ASTL)	30.86 ▲ 2.15 (7.49%)
Shield Corp. / Aug 17 Shield Corporation Limited(SCL)	291.00 ▲ 19.56 (7.21%)

Stock	Price
Dewan Textile / Aug 17 Dewan Textile Mills Limited(DWTM)	2.50 ▲ -0.63 (-20.13%)
Power Cem(Pref) / Aug 17 Power Cement (Pref)(POWERPS)	6.60 ▲ -1.00 (-13.16%)
First Fid. Leasing / Aug 17 First Fidelity Leasing Modaraba(FFLM)	2.40 ▲ -0.33 (-12.09%)
Ruby Tex. / Aug 17 Ruby Textile Mills Limited(RUBY)	4.01 ▲ -0.49 (-10.89%)
First Pak Mod. / Aug 17 First Pak Modaraba(PAKMI)	2.50 ▲ -0.24 (-8.76%)
First Elite Cap.Mod / Aug 17 First Elite Capital Modaraba(FECM)	2.80 ▲ -0.23 (-7.59%)
Al-Khair Gadoon / Aug 17 Al-Khair Gadoon Limited(AKGL)	33.30 ▲ -2.70 (-7.50%)
Sana Ind / Aug 17 Sana Industries Limited(SNAI)	55.50 ▲ -4.50 (-7.50%)
Data Agro / Aug 17 Data Agro Limited(DAAG)	17.94 ▲ -1.45 (-7.48%)
Hussain Industries / Aug 17 Husein Industries Limited(HUSI)	20.91 ▲ -1.69 (-7.48%)

Stock	Volume
K-Electric Ltd. / Aug 17 K-Electric Limited(KEL)	191,570,500 ▼ 0.00
Hascol Petrol / Aug 17 Hascol Petroleum Limited(HASCOL)	45,572,500 ▼ 0.00
WorldCall Telecom / Aug 17 Worldcall Telecom Limited(WTL)	43,235,000 ▼ 0.00
P.I.A.C.(A) / Aug 17 Pakistan International Airlines Corp(PIAA)	17,354,500 ▼ 0.00
Nishat ChunPow / Aug 17 Nishat Chunian Power Limited(NCPL)	14,074,000 ▼ 0.00
Flying Cement / Aug 17 Flying Cement Company Limited(FLYNG)	12,600,000 ▼ 0.00
Cnergyico PK / Aug 17 Cnergyico PK Limited(CNERGY)	9,961,545 ▼ 0.00
Unity Foods Ltd / Aug 17 Unity Foods Limited(UNITY)	9,385,409 ▼ 0.00
Pak Refinery / Aug 17 Pakistan Refinery Limited(PRL)	8,931,144 ▼ 0.00
Pak Elektron / Aug 17 Pak Elektron Limited(PAEL)	8,896,000 ▼ 0.00

Markets →

Pak Suzuki cuts car prices by up to Rs199,000

Nur-E 75: Pakistan’s first electric car prototype unveiled on Independence Day

An illusion of recovery?

Tracking rupee's movement, Indus Motor Company reduces car prices

Special chartered flight: High-profile Pakistanis whose identities are unknown

PM likely to cut new LNG deal with Qatar

Rupee registers marginal appreciation against US dollar

Gas reserves discovered in Tal block, Khyber Pakhtunkhwa

FBR discontinues all fiscal incentives available to PF sector

Pak Suzuki cuts car prices by up to Rs199,000

Nur-E 75: Pakistan’s first electric car prototype unveiled on Independence Day

IMF says no room for subsidies: end of story

Tracking rupee's movement, Indus Motor Company reduces car prices

An illusion of recovery?

Maersk temporarily suspends C&F export bookings from Pakistan

Special chartered flight: High-profile Pakistanis whose identities are unknown

PM likely to cut new LNG deal with Qatar

FBR discontinues all fiscal incentives available to PF sector

Advance tax on immovable property: FBR withdraws holding period exemption

Pak Suzuki cuts car prices by up to Rs199,000

Dubai-based founder of 3 startups says VC ecosystem in Pakistan will find its footing

IMF says no room for subsidies: end of story

Nur-E 75: Pakistan’s first electric car prototype unveiled on Independence Day

Tracking rupee's movement, Indus Motor Company reduces car prices

Maersk temporarily suspends C&F export bookings from Pakistan

Miftah directs immediate meeting to consider SOEs declaring 'healthy dividends'

Without structural reforms, rupee's screams will only get louder

Business & Finance

Business & Economy

Miftah urges focus on exports at Islamabad summit

Says electricity generation has doubled in 9 years, but that has not translated to industrial production growth in the same proportion

Updated 17 Aug, 2022 02:55pm

BR Research

The problem with power price hikes

Given increasing delta between the cost of electricity production and what is being charged to the consumers (on...

Published 17 Aug, 2022 09:11am

Currency

Intra-day update: Rupee starts to fall against US dollar in inter-bank

Currency depreciates 0.46%, hits 214.91

Updated 17 Aug, 2022 02:18pm

Co-founder of Spades, a UAE-based payments solution, advises startups against ‘aggressive customer acquisition’

Adnan Haque, the co-founder of a contactless payments solution that is being used at some 200 restaurants in the ... Updated 17 Aug, 2022 12:58pm

BR Research

Stability within chaos?

The economic narrative abroad – ranging from ‘we are in a recession’ to ‘no, we are not’– seems to be...

Published 17 Aug, 2022 09:09am

July remittances down 8pc YoY

KARACHI: Inflows of workers’ remittances fell by 8 percent during the first month of this fiscal year (FY23), the... Published 17 Aug, 2022 06:07am

Money & Banking

RDA customers: SBP issues service standards on mobile apps

KARACHI: The State Bank of Pakistan (SBP) has issued service standards for enablement of minimum set of services on... Published 17 Aug, 2022 06:30am

SBP agrees to release containers stuck at ports: KCCI

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees has informed that the State ... Published 17 Aug, 2022 06:07am

Taxes

All revenue collection-related services remain fully functional, clarifies FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that all revenue collection-related services including... Updated 17 Aug, 2022 09:33am

Forex

Rouble firms to 1-week high vs euro, Russian stocks climb

MOSCOW: The Russian rouble strengthened on Wednesday to a one-week high against the euro, boosted by upcoming tax... Published 17 Aug, 2022 01:08pm

BR Research

Auto: Trouble in paradise

Pakistan Suzuki (PSX: PSMC) had no words to mince yesterday when it announced to the PSX that it would be shutting...

Published 17 Aug, 2022 09:07am

BR Research

Ecopack Limited

Ecopack Limited (PSX: ECOP) was established in 1991 was a private limited company. It was converted into a public...

Published 17 Aug, 2022 09:04am

BR Research

Power tariffs: painful adjustments continue

Electricity consumers will have it tough in FY23. The power system regulator notified an upward adjustment of...

Published 16 Aug, 2022 09:02am

BR Research

Cotton outlook: flirting again with danger

Less than a fortnight after sanity seemed to be returning to world cotton prices, market is back to convulsing due...

Published 16 Aug, 2022 09:01am

Pakistan

UAE president confers Order of Union Medal on Pakistan army chief

President of UAE Sheikh Mohamed Bin Zayed Al Nahyan and General Bajwa discuss matters of mutual interest, bilateral defense and security cooperation

Published 17 Aug, 2022 12:13pm

Minimum wage raised to Rs26,000 by KP govt

PESHAWAR: The provincial government of Khyber Pakhtunkhwa has approved enhancing the minimum rates of wages as... Updated 17 Aug, 2022 09:32am

PTI’s plea against ECP’s report: IHC decides to constitute larger bench

ISLAMABAD: The Islamabad High Court (IHC) decided to constitute a larger bench to hear the Pakistan Tehreek-e-Insaf... Published 17 Aug, 2022 06:07am

20 killed in bus-oil tanker collision at Multan

MULTAN: At least 20 people lost their lives as a passenger bus caught fire after a collision with an oil tanker at... Published 17 Aug, 2022 06:07am

Two cops martyred in attack on polio team in Tank

PESHAWAR: Two police personnel have been martyred due to the firing of unknown assailants in Kot Azam area of... Published 17 Aug, 2022 06:07am

US to contribute $100,000 to flood relief efforts

ISLAMABAD: The United States will provide $100,000 to support the flood relief efforts and humanitarian assistance ... Published 17 Aug, 2022 06:07am

World

Asia

North Korea fires two cruise missiles from west coast town of Onchon

SEOUL: North Korea fired two cruise missiles from the west coast town of Onchon early on Wednesday, a South Korean... Published 17 Aug, 2022 10:54am

USA

Trump-backed challenger beats Republican Liz Cheney in US midterm primary

JACKSON: US Representative Liz Cheney, a fierce Republican critic of Donald Trump who has played a prominent role in... Published 17 Aug, 2022 10:29am

Europe

Ukraine and Russia: What you need to know right now

Russia blamed sabotage for explosions at one of its military bases in Moscow-annexed Crimea while Kyiv hinted it was... Published 17 Aug, 2022 10:58am

Europe

Action wanes at UN to isolate Russia almost six months into Ukraine war

UNITED NATIONS/GENEVA: On a June night under the chandeliers of Russia’s United Nations mission in New York, dozens... Published 17 Aug, 2022 10:38am

South Asia

Australia relocates more Afghan athletes fleeing Taliban rule

MELBOURNE: Australia has relocated Afghanistan’s Olympic flag-bearer Kimia Yousofi and other athletes and their... Published 17 Aug, 2022 11:03am

Editorials

Russian oil and coal: India is on a binge

EDITORIAL: Indian companies are, as per customs documents and industry sources, using Asian currencies to purchase...

A ‘national issue’ indeed

EDITORIAL: Now that increasing TTP (Tehreek-e-Taliban Pakistan) presence in KP (Khyber Pakhtunkhwa), and increasing...

The quest for a charter of economy

EDITORIAL: Prime Minister Shehbaz Sharif in his independence day address once again raised the topic of ‘charter ...

Second thoughts about the Taliban

EDITORIAL: A year on the Taliban administration in Afghanistan deserves a second thought as the first thought that...

Economy must have clear precedence

EDITORIAL: The ongoing political impasse is a negation of what the country needs urgently to bring the economy...

Opinion

Food for thought as Pakistan turns 75

Syed Shabbar Zaidi

Ayesha Jalal in her Struggle for Pakistan book has aptly stated: Truncated State, Divided Nation Religion is often...

Net zero, Russia war driving nascent hydrogen economy

Ben Perry

Kevin Kendall pulls up at the only green hydrogen refuelling station in Birmingham, Britain’s second-biggest city,...

PARTLY FACETIOUS: The Bush Bazaar in Kabul

Anjum Ibrahim

“I wanted to gift…” “To whom? If you want to gift anything to The Khan then please be ready to find it on...

Ben & Jerry’s Unilever fight shows risks of ceding control

Richa Naidu | Ross Kerber

Ben & Jerry’s legal battle with Unilever sheds light on an issue affecting a growing number of purpose-led...

Soaring public debt

Dr Hafiz A Pasha

The latest estimate of the stock of public debt of Pakistan by the SBP (State Bank of Pakistan) as of end-March 2022...

Perspectives

Pakistan-India: a tale of two very distinct electric cars

Bilal Hussain

Distinction in features of one vehicle alone conveys how different the industries are in the two countries

Most Popular Articles

Most Popular Articles