Home - Business Recorder

Pakistan Updated 02 Dec, 2020 06:50pm

PTI's Government to provide 'free' COVID-19 vaccine to all residents

The secretary made the announcement on twitter stating: “The PTI government will provide the coronavirus vaccine free of charge to people.”

Business & Finance

'Second wave' hampers Pakistan’s Refining, Fuel Demand Growth Outlooks: Report

Published 02 Dec, 2020 02:46pm

Pakistan

Govt will initiate work to grant provincial status to Gilgit Baltistan on priority, says PM

Updated 02 Dec, 2020 01:15pm

Pakistan

Al Azizya reference: IHC declares Nawaz Sharif proclaimed offender

Published 02 Dec, 2020 02:50pm

US attorney general says no evidence of decisive election fraud

Published 02 Dec, 2020 03:29pm

Pakistan

COVID-19 pandemic: 75 deaths, 2,829 fresh cases reported across country

Published 02 Dec, 2020 10:42am

Barnier says no guarantee of Brexit trade deal

Published 02 Dec, 2020 03:27pm

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Dec 2	159.85
USD PKR Interbank Buying / Dec 2	159.75
Pound Sterling to USD / Dec 2	1.34
Euro to USD / Dec 2	1.21

Stock	Volume
S&P 500 / Dec 2	3662.45
India Sensex / Dec 2	44655.44
Tokyo Nikkei / Dec 2	26787.54
Nasdaq / Dec 2	12355.11
Hang Seng / Dec 2	26567.68
FTSE 100 / Dec 2	6384.73
Dow Jones / Dec 2	29823.92
Germany DAX 30 / Dec 2	13382.20
France CAC40 / Dec 2	5581.64

Indicator	Value
Per Capita Income USD (CPI) / Nov 19	1516.00
Weekly Foreign Reserves / Dec 2	20552.40
UK LIBOR % / Dec 2	0.08
GDPGROWTH / Dec 2	1.00
Foreign Debt (PKR billions) / Dec 2	17000.00
Average CPI % / Dec 2	11.11

Gainers
Losers
Leaders

Stock	Price
Ismail Ind. / Dec 2 Ismail Industries Limited(ISIL)	375.4800 ▲ 50.48 (13.85%)
Dewan Sugar / Dec 2 Dewan Sugar Mills Limited(DWSM)	3.6500 ▲ 0.74 (8.59%)
Sana Ind. / Dec 2 Sana Industries Limited(SNAI)	53.0000 ▲ 3.00 (6.00%)
Janana D Mal / Dec 2 Janana De Malucho Textile Mills Limited(JDMT)	75.0000 ▲ 3.74 (5.25%)
S. S. Oil / Dec 2 S.S.Oil Mills Limited(SSOM)	88.4800 ▲ 4.08 (4.83%)
Pak Gen. Ins. / Dec 2 The Pakistan General Insurance Co. Ltd.(PKGI)	2.7000 ▲ 0.10 (3.85%)
D.S. Ind. Ltd. / Dec 2 D.S. Industries Limited(DSIL)	2.3400 ▲ 0.14 (2.27%)
Habib Rice Products / Dec 2 Habib Rice Product Limited(HRPL)	33.0000 ▲ 0.68 (1.88%)
Mithchells / Dec 2 Mitchells Fruit Farms Limited(MFFL)	271.9000 ▲ 15.90 (1.56%)
Mehran Sugar / Dec 2 Mehran Sugar Mills Limited(MRNS)	67.0000 ▲ 1.50 (1.53%)

Stock	Price
Saudi Pak Leas. / Dec 2 Saudi Pak Leasing Company Limited(SPLC)	1.5000 ▼ 0.22 (-14.67%)
Pak Gulf Leas. / Dec 2 Pak-Gulf Leasing Company Limited(PGLC)	15.3733 ▼ 2.11 (-13.67%)
Saritow Sp. / Dec 2 Saritow Spinning Mills Limited(SSML)	6.4800 ▼ 0.58 (-8.95%)
Frontier Cer. / Dec 2 Frontier Ceramics Limited(FRCL)	20.4900 ▼ 1.53 (-7.47%)
Crescent Star / Dec 2 Crescent Star Insurance Limited(CSIL)	2.7800 ▼ 0.18 (-6.47%)
First Cap. Sec. / Dec 2 First Capital Securities Corporation(FCSC)	1.3000 ▼ 0.20 (-6.15%)
Hub Power Co. / Dec 2 The Hub Power Company Limited(HUBC)	84.6000 ▼ 5.95 (-5.67%)
Samin Textile / Dec 2 Samin Textiles Limited(SMTM)	3.5300 ▼ 0.18 (-5.10%)
Reliance Ins. / Dec 2 Reliance Insurance Company Limited(RICL)	7.7500 ▼ 0.50 (-5.03%)
Ravi Textile / Dec 2 Ravi Textile Mills Limited(RAVT)	8.6800 ▼ 1.28 (-4.82%)

Stock	Volume
Unity Foods / Dec 2 Unity Foods Limited(UNITY)	41,707,500 ▼ 2.01
TRG Pak. / Dec 2 TRG Pakistan Limited(TRG)	23,967,500 ▼ 2.37
Pakistan Refinery / Dec 2 Pakistan Refinery Limited(PRL)	18,826,500 ▼ 1.07
Hum Network / Dec 2 Hum Network Limited(HUMNL)	18,268,500 ▼ 0.35
Hascol Petroleum / Dec 2 Hascol Petroleum Limited(HASCOL)	17,202,319 ▼ 0.94
Pak Int.Bulk Ter / Dec 2 Pakistan International Bulk Terminal Limited(PIBTL)	13,546,500 ▼ 0.82
Maple Leaf / Dec 2 Maple Leaf Cement Factory Limited(MLCF)	12,005,199 ▼ 0.89
Aisha Steel / Dec 2 Aisha Steel Mills Limited(ASL)	10,817,000 ▼ 1.26
Fauji Foods / Dec 2 Fauji Foods Limited(FFL)	9,882,500 ▼ 0.87
Pak Elektron / Dec 2 Pak Elektron Limited(PAEL)	9,521,000 ▼ 1.61

Markets →

International Smart Phone Brand VIVO to Start Manufacturing in Pakistan: Hammad Azhar

International Smart Phone Brand VIVO has decided to establish a smart phone manufacturing facility in Pakistan, according to a recent tweet by Hammad Azhar.

Published 02 Dec, 2020 07:06pm

BR Research

Circular debt reduction: time to decide

Making a workable plan to pay the circular debt stock on the CPPA-G books and to reduce the built up of flows is top...

Published 02 Dec, 2020 07:25am

Forex

Dollar rises from 2 1/2-year lows, risk currencies retreat

In early trading in London, the euro set a 2020 high of $1.2088 against the dollar, its highest since April 2018. It last traded at $1.2060.

Published 02 Dec, 2020 04:32pm

Argentina Air Force considering to purchase Pakistan's JF-17 Thunder jets

It has been reported that due to the unavailability of financial resources, the military authorities of Argentina want to buy Pakistan-made JF-17 Thunder instead of buying expensive fighter jets from Britain.

Published 02 Dec, 2020 12:57pm

BR Research

Oil looks for reasons to rally

Crude oil gained a little under 5 percent in November over the last month. Usually, a change of this magnitude does...

Published 02 Dec, 2020 07:30am

ECC removes Regulatory Duty on cotton yarn

“The ECC today approved removal of Regulatory Duty on Cotton Yarn. This will facilitate the exports of apparel sector,’ said Dawood in a tweet post.

Published 02 Dec, 2020 04:24pm

Forex

Yuan ends at 2-week high; Biden comments on trade deal cap gains

Traders said strength in the yuan on Wednesday was largely due to a weaker dollar, which hovered near a 2-1/2-year low.

Published 02 Dec, 2020 04:04pm

Industry

Export Target of Kinnow set at $210 Million: PFVA Patron Chief

The All Pakistan Fruit & Vegetable Exporters, Importers & Merchants Association (PFVA) sets an export target of Kinnow at 350,000 tons to generate a revenue of US$210 million for this year, according to Waheed Ahmed, PFVA Patron Chief.

Updated 02 Dec, 2020 04:06pm

Stocks

Tokyo stocks edge up on vaccine, stimulus hopes

In Tokyo, automakers were higher with Toyota climbing 0.86 percent to 7,079 yen, Honda jumping 5.08 percent to 3,047 yen and Nissan growing 1.80 percent to 513.1 yen.

Published 02 Dec, 2020 03:55pm

China central bank, HKMA studying 'Southbound' Bond Connect

A "Northbound" leg of the Bond Connect scheme was launched in July 2017, giving foreign investors access to China's onshore bond market.

Published 02 Dec, 2020 04:01pm

Stocks

European stocks fall at open

London's benchmark FTSE 100 index dipped 0.1 percent to 6,380.35 points having closed up 1.9 percent Tuesday on vaccine hopes.

Published 02 Dec, 2020 03:48pm

Cement’s second coming

While the Competition Commission of Pakistan (CCP) is on a trail to investigate anti-competitive activities by ...

Published 02 Dec, 2020 07:35am

BR Research

Of Covid-19 and ad spend

Similar to many sectors, Covid-19 has been a disaster for the advertising and marketing industry globally as evident...

Published 02 Dec, 2020 07:40am

BR Research EMCO 30.00 ▲ 0.33%

Emco Industries Limited

Emco Industries Limited (PSX: EMCO) started off in 1951 with a very small facility within the premises of its parent...

Published 02 Dec, 2020 07:45am

BR Research

LNG: Asking the right questions

The LNG debate refuses to move beyond the long-term contract and spot prices. The ministry has of late been seen...

Updated 01 Dec, 2020 11:34am

BR Research

Flour prices: the magic of reporting management!

The federal government’s steadfast determination has paid dividends. Despite advocacy from MNFS&R and ...

Published 01 Dec, 2020 07:31am

BR Research

Tele-working: a mixed bag?

Some ten years ago, research indicates that every fifth employee in the world was using the option of working from...

Published 01 Dec, 2020 07:35am

ECC removes 5pc duty on cotton yarn imports to enhance value-added exports

The approval was given after detailed discussion on the proposal of Ministry of Commerce, according to press statement issued by the Finance Ministry.

Published 02 Dec, 2020 07:34pm

Sindh reports over 1,900 new COVID-19 case mostly in Karachi

Giving daily briefing, Chief Minister Sindh Syed Murad Ali Shah said virus has claimed 2,968 lives across the province since the pandemic began. Updated 02 Dec, 2020 07:35pm

Govt. releases Rs548.890 for 15 Aviation sector projects in five months

According to the official data, the government has authorized/disbursed an amount of Rs. 548.890 as of November 27.

Published 02 Dec, 2020 07:26pm

Shipping Activity at Port Qasim

Meanwhile two more ships, Pacific Constant and Shao Shan-5 carrying 59,428 tonnes Coal and 57,519 tonnes Wheat also arrived at outer anchorage of Port Qasim during the last 24 hours.

Published 02 Dec, 2020 07:24pm

CPI inflation decelerates to 8.3 percent on YoY basis

According to PBS data, the Urban CPI inflation increased by 7.0pc on year-on-year basis in November 2020 as compared to an increase of 7.3pc in the previous month and 12.1pc in November 2019.

Published 02 Dec, 2020 07:21pm

Sindh Police reports 51 new COVID-19 patients in three days

He told that currently 202 officers and personnel were under treatment while 3481 had returned to their homes after recovering from the disease.

Published 02 Dec, 2020 07:20pm

Gold price increases Rs1600 to Rs110,800 per tola

The price of per tola and ten gram silver remained stable at Rs. 1200 and Rs. 1028.80.

Published 02 Dec, 2020 07:18pm

Shibli Faraz for enhanced Pak-China media, cultural cooperation

The minister said that CPEC was an important project for both China and Pakistan as it strengthened and promoted regional connectivity.

Published 02 Dec, 2020 07:16pm

UK authorities asked to extradite Nawaz Sharif: Shahzad

Opposition was now trying to hold another small gathering "Jalsi" in Lahore. They have endangering the lives of the people by exposing them in crowds.

Published 02 Dec, 2020 07:12pm

52 more tested positive for COVID-19 in Faisalabad

Deputy District Officer Health Dr. Asif Shehzad told APP on Wednesday that 446 coronavirus tests were conducted in public and private laboratories, out of these reports,52 were positive.

Published 02 Dec, 2020 07:10pm

Petition filed in LHC seeking ban on PDM's Lahore rally

The petition was filed by Advocate Nadeem Sarwar in which he stated that a health emergency has been enforced in the country in wake of coronavirus pandemic and the PDM leaders are violating the SOPs issued by the government

Published 02 Dec, 2020 12:34pm

Pakistan

PDM denied permission to hold rally in Lahore

PDM plans to hold its public meeting in the city on December 11.

Updated 02 Dec, 2020 10:12am

Projects under Karachi Transformation Plan: Planning ministry for utilization of Bahria settlement amount

ISLAMABAD: Ministry of Planning, Development and Special Initiatives has proposed that Ministry of Law and Justice... Published 02 Dec, 2020 02:49am

Coronavirus vaccine: People over 60 to be given preference

• Cabinet says comportment being displayed by PDM to put 'immense pressure' on hospitals ISLAMABAD: The federal... Published 02 Dec, 2020 02:49am

Economic, social impact of CPEC will be substantial, beneficial: PM

ISLAMABAD: Prime Minister Imran Khan has underscored that the China-Pakistan Economic Corridor (CPEC), a signature... Published 02 Dec, 2020 02:49am

ECC may approve removal of 5 percent RD on cotton yarn

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet may give approval to removal of ... Published 02 Dec, 2020 02:49am

FBR says it paid Rs80 billion refunds in Jul-Nov

ISLAMABAD: The Federal Board of Revenue (FBR) has paid refunds of Rs80 billion during July-November (2020-21) ... Published 02 Dec, 2020 02:49am

Hydropower project: AJK government, Azad Pattan sign agreements

ISLAMABAD: The government of Azad Jammu and Kashmir and Azad Pattan Power Private Limited Tuesday signed agreements... Published 02 Dec, 2020 02:49am

Afghan government, Taliban announce breakthrough deal to pursue peace talks

Afghan government and Taliban representatives said on Wednesday they had reached a preliminary deal to press on with peace talks, their first written agreement in 19 years of war and welcomed by the United Nations and Washington.

Published 02 Dec, 2020 08:05pm

Europe

Putin orders Russia to begin mass COVID-19 vaccinations

President Vladimir Putin ordered Russian authorities on Wednesday to begin mass voluntary vaccinations against COVID-19 next week as Russia recorded 589 new daily deaths from the coronavirus.

Published 02 Dec, 2020 08:14pm

South Asia

Afghan government, Taliban announce breakthrough deal to pursue peace talks

Afghan government and Taliban representatives said on Wednesday they had reached a preliminary deal to press on with peace talks, their first written agreement in 19 years of war and welcomed by the United Nations and Washington.

Published 02 Dec, 2020 08:05pm

Middle East

Iranian MPs seek hardening of nuclear stance after scientist killed

A bill requiring Iran’s government to suspend nuclear inspections unless sanctions are lifted, and ignore other restraints on its nuclear programme agreed with major powers, was passed by the hardline-led parliament on Tuesday.

Published 02 Dec, 2020 10:00am

Gas load management plan

A gas load management plan, submitted and approved by the Cabinet Committee on Energy (CCoE) two months ago,...

OIC on Kashmir

When last week Shah Mehmood Qureshi left for Niger to attend the OIC (Organization of Islamic Cooperation) foreign...

Value addition in exports

EDITORIAL: Good things have already started coming out of the Karachi Chamber of Commerce and Industry's (KCCI's)...

A highly provocative act

The assassination of Iran's top nuclear scientist, Mohsen Fakhrizadeh, near Tehran in an ambush on Friday has...

Corporate agri farming

EDITORIAL: Prime Minister Imran Khan sought proposals on corporate farming from a delegation of industrialists who...

A new digital world in the making

M Ziauddin

Measures to contain the Covid-19 pandemic have compelled many countries in the world both developed and developing...

State subsidy: energy sector in Pakistan - II

Syed Shabbar Zaidi

As Chairman FBR I was handling the issue of withdrawal of zero rating for sales tax on five export-oriented sectors...

PARTLY FACETIOUS: Criticality of the right slogan

Anjum Ibrahim

"Coming up with the right slogan is very important in our politics."

The Covid 'longhaulers' behind a global patient movement

Kelly Macnamara

Snatching moments of clarity through the brain fog that was among the lingering symptoms of her coronavirus...

PSEs: There's need for new policy

Wahid Husain

This is apropos a Business Recorder op-ed "PTI's 'anti-worker' policies" carried by the newspaper yesterday. The...

Waste-to-Energy: The way forward in waste management

Wardah Farooqi

Millions and millions of tons of trash is dumped every day, globally, either on landfill sites; to be recycled later...

Tough Questions Expected by IHC on DG CAA Appointment Hearing

Imran Aslam

On a petition filed by an aviation stake holder, 03 November 2020, Chief Justice Mr Justice Athar Minnallah remarked...

Looming crisis of water scarcity over Pakistan; Challenges, implication and way forward

Osama Farooq

Pakistan is grappling with many serious challenges – some political, some physical and some mix of both. Of these,...

Juno actor Elliot Page comes out as transgender

Page received messages of support on social media. Published 02 Dec, 2020 10:18am

Life & Style

UK government says Netflix should clarify whether The Crown is fiction

Updated 01 Dec, 2020 12:05pm

Life & Style

We finally know the secret to George Clooney's hair

Updated 01 Dec, 2020 11:35am

Eighth member of Pakistan squad tests positive for COVID-19 in New Zealand

The health department said the team would not be allowed to train together until doctors were confident it would not lead to more coronavirus cases. Published 02 Dec, 2020 01:35pm

World

Maradona helped Venezuelan govt with food supplies, says President Maduro

Published 27 Nov, 2020 11:34am

Sports

Pakistan cricketers positive for Covid-19 in New Zealand

Updated 27 Nov, 2020 03:35am

Argentines bid final farewell to Maradona as national mourning begins

Maradona, who died aged 60 following a heart attack at home on Wednesday, will lie in state at the pink-hued Casa Rosada presidential palace from Thursday through Saturday. Huge crowds are expected to visit his casket as part of three days of national mourning declared by President Alberto Fernandez. Published 26 Nov, 2020 03:44pm

Sports

Six members of Pakistan's touring squad to New Zealand test positive for COVID-19

Updated 26 Nov, 2020 11:56am

World

Football legend Diego Maradona dies aged 60

Updated 25 Nov, 2020 10:30pm