Home - Business Recorder

Updated 31 Mar, 2023 03:02pm

Dar confirms rollover of $2bn China loan, says issue is ‘no longer pending’

Denies reports that request for rollover is 'work in progress'

Pakistan

Punjab polls delay: another SC judge recuses himself as hearing adjourned

Updated 31 Mar, 2023 03:48pm

Markets

Ministry of Finance warns inflation to remain high, could increase further

Updated 31 Mar, 2023 02:48pm

Markets

Rupee slips against US dollar, settles at 283.79

Updated 31 Mar, 2023 03:32pm

Markets

MPC meeting: SBP likely to raise key policy rate by 200 basis points

Updated 31 Mar, 2023 02:40pm

Pakistan

CJP ‘disregards’ orders of Justices Isa, Aminuddin demanding postponement of suo motu matters

Published 31 Mar, 2023 04:26pm

Markets

Optimism grips PSX, KSE-100 rises 0.38%

Published 31 Mar, 2023 03:25pm

Business & Finance

Honda Atlas extends plant shutdown amid import difficulties

Updated 31 Mar, 2023 03:44pm

Business & Finance

Pakistani conglomerate Crescent Steel and Allied Products suspends cotton plant operation

Published 31 Mar, 2023 02:46pm

World

Trump indicted, first US president to face criminal charges

Published 31 Mar, 2023 12:26pm

World

Thirty-five dead, 16 hurt in after roof of stepwell collapses in India

Published 31 Mar, 2023 11:03am

Must Read

Editorials

IMF and the stalled bailout

Opinion

Daunting fiscal challenges

Opinion

We don’t yet know what lies in store for us—II

Life & Style

Dietary tips: how to have a healthy Ramadan

World

OpenAI’s ChatGPT blocked in Italy: privacy watchdog

Opinion

SDR allocation, monetary tightening, inflation, and banking crisis

BR Research

Repatriation and dollar shortage

A Hawala Tsunami?

Poultry: DOC prices crash?

Technical-level talks with IMF are over: Ishaq Dar

IMF’s ingenious approach the only hurdle to bailout

Up to Rs14 cut in ex-depot fuel prices likely

Chinese loan rollover of $2bn to Pakistan in process: source

UAE, Saudi Arabia: Dar says IMF seeking $3bn ‘guarantees’

We don’t yet know what lies in store for us–I

The big default? Dozen countries including Pakistan in danger zone

A Hawala Tsunami?

SBP move leaves fintechs baffled

The big default? Dozen countries including Pakistan in danger zone

Stop blaming the IMF!

The economic malaise

IMF is asking for ‘guarantees at every step’: PM Shehbaz

IMF’s ingenious approach the only hurdle to bailout

Technical-level talks with IMF are over: Ishaq Dar

High Risk Third Countries: EU Commission removes Pakistan from ‘list’

Stop blaming the IMF!

A Hawala Tsunami?

SBP move leaves fintechs baffled

The big default? Dozen countries including Pakistan in danger zone

Interview with Shahzad Saleem – Chairman, Nishat Chunian Group

IMF’s ingenious approach the only hurdle to bailout

High Risk Third Countries: EU Commission removes Pakistan from ‘list’

Pakistan’s ‘friends’: IMF wants commitments fulfilled: PM

Dar looks with hopeful eyes to country’s friends

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 31	283.85
USD PKR Interbank Buying / Mar 31	283.65
USD to Japanese Yen / Mar 31	132.94
USD to Swiss Franc / Mar 31	0.91
Pound Sterling to USD / Mar 31	1.24
Euro to USD / Mar 31	1.09
UK LIBOR % / Mar 30	4.81

Stock	Volume
S&P 500 / Mar 30	4050.83
Nasdaq / Mar 30	12013.47
Dow Jones / Mar 30	32859.03
India Sensex / Mar 31	58991.52
Tokyo Nikkei / Mar 31	28047.34
Hang Seng / Mar 31	20427.56
FTSE 100 / Mar 31	7628.03
Germany DAX 30 / Mar 31	15561.26
France CAC40 / Mar 31	7285.79

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 30	18935
Gold 10 Grams PKR / Mar 30	178241
Crude Oil USD/Barrel / Mar 31	74.31
Gold Spot USD/Ounce / Mar 31	1979.09
Cotton US¢/pound / Mar 31	83.42

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Mar 31 Kohinoor Power Company Limited(KOHP)	4.38 ▲ 0.63 (16.80%)
PICIC Ins.Ltd. / Mar 31 PICIC Insurance Limited(PIL)	0.69 ▲ 0.08 (13.11%)
Supernet Ltd. / Mar 31 Supernet Limited(GEMSPNL)	11.90 ▲ 1.00 (9.17%)
Asim Textile / Mar 31 Asim Textile Mills Limited(ASTM)	6.48 ▲ 0.53 (8.91%)
Bata (Pak) / Mar 31 Bata Pakistan Limited(BATA)	2084.87 ▲ 145.45 (7.50%)
Khyber Tex. / Mar 31 Khyber Textile Mills Limited(KHYT)	427.22 ▲ 29.80 (7.50%)
Pak Engineering / Mar 31 Pakistan Engineering Company Limited(PECO)	325.40 ▲ 22.70 (7.50%)
Janana D Mal / Mar 31 Janana De Malucho Textile Mills Limited(JDMT)	44.42 ▲ 3.09 (7.48%)
Sindh Abadgar / Mar 31 Sindh Abadgar's Sugar Mills Limited(SASML)	14.50 ▲ 1.00 (7.41%)
Popular Islamic / Mar 31 Popular Islamic Modaraba(PIM)	8.75 ▲ 0.60 (7.36%)

Stock	Price
Pak Gulf Leasing / Mar 31 Pak-Gulf Leasing Company Limited(PGLC)	5.31 ▼ -0.89 (-14.35%)
Samba Bank / Mar 31 Samba Bank Limited(SBL)	6.75 ▼ -0.85 (-11.18%)
Pak Gen.Ins. / Mar 31 The Pakistan General Insurance Co. Ltd.(PKGI)	3.96 ▼ -0.49 (-11.01%)
Equity Modaraba / Mar 31 First Equity Modaraba(FEM)	6.10 ▼ -0.50 (-7.58%)
AL-Ghazi Tractors / Mar 31 Al-Ghazi Tractors Limited(AGTL)	270.73 ▼ -21.95 (-7.50%)
Philip Morris Pak. / Mar 31 Philip Morris (Pakistan) Limited(PMPK)	426.43 ▼ -34.57 (-7.50%)
Tri-Pack Films / Mar 31 Tri-Pack Films Limited(TRIPF)	126 ▼ -10.14 (-7.45%)
Khairpur / Mar 31 Khairpur Sugar Mills Limited(KPUS)	67.26 ▼ -5.41 (-7.44%)
Dawood Lawrencepur / Mar 31 Dawood Lawrencepur Limited(DLL)	210 ▼ -15.90 (-7.04%)
Bunnys Limited / Mar 31 Bunnys Limited(BNL)	15.81 ▼ -1.19 (-7.00%)

Stock	Volume
Pak Int.Bulk / Mar 31 Pakistan International Bulk Terminal(PIBTL)	12,120,000 ▲ 0.26
Pak Elektron / Mar 31 Pak Elektron Limited(PAEL)	6,523,000 ▲ 0.36
Telecard Limited / Mar 31 Telecard Limited(TELE)	6,211,500 ▼ -0.18
Engro Corp / Mar 31 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -4.49
WorldCall Telecom / Mar 31 Worldcall Telecom Limited(WTL)	4,946,279 ▲ 0.00
Hascol Petrol / Mar 31 Hascol Petroleum Limited(HASCOL)	4,863,500 ▲ 0.20
Pakgen Power / Mar 31 Pakgen Power Limited(PKGP)	4,421,500 ▲ 1.50
K-Electric Ltd. / Mar 31 K-Electric Limited(KEL)	4,361,174 ▲ 0.00
Agha Steel Ind. / Mar 31 Agha Steel Ind.Ltd(AGHA)	3,689,500 ▲ 0.07
Waves Corporation / Mar 31 Waves Corporation Limited(WAVES)	3,477,000 ▲ 0.45

Markets →

A Hawala Tsunami?

Poultry: DOC prices crash?

Technical-level talks with IMF are over: Ishaq Dar

IMF’s ingenious approach the only hurdle to bailout

Up to Rs14 cut in ex-depot fuel prices likely

Chinese loan rollover of $2bn to Pakistan in process: source

UAE, Saudi Arabia: Dar says IMF seeking $3bn ‘guarantees’

We don’t yet know what lies in store for us–I

The big default? Dozen countries including Pakistan in danger zone

A Hawala Tsunami?

SBP move leaves fintechs baffled

The big default? Dozen countries including Pakistan in danger zone

Stop blaming the IMF!

The economic malaise

IMF is asking for ‘guarantees at every step’: PM Shehbaz

IMF’s ingenious approach the only hurdle to bailout

Technical-level talks with IMF are over: Ishaq Dar

High Risk Third Countries: EU Commission removes Pakistan from ‘list’

Stop blaming the IMF!

A Hawala Tsunami?

SBP move leaves fintechs baffled

The big default? Dozen countries including Pakistan in danger zone

Interview with Shahzad Saleem – Chairman, Nishat Chunian Group

IMF’s ingenious approach the only hurdle to bailout

High Risk Third Countries: EU Commission removes Pakistan from ‘list’

Pakistan’s ‘friends’: IMF wants commitments fulfilled: PM

Dar looks with hopeful eyes to country’s friends

Business & Finance

Stocks

Optimism grips PSX, KSE-100 rises 0.38%

Lack of progress on resumption of IMF programme, however, keeps participation thin

Published 31 Mar, 2023 03:25pm

BR Research

ICTs: out of breath?

With numbers for two-thirds of the fiscal year now in, the country’s information and communications technology (ICT)...

Published 31 Mar, 2023 08:48am

Companies

Pakistani conglomerate Crescent Steel and Allied Products suspends cotton plant operation

Cites shortage of raw cotton and slump in demand as some of the factors for temporary shutdown

Published 31 Mar, 2023 02:46pm

Pakistan

Dar confirms rollover of $2bn China loan, says issue is ‘no longer pending’

Denies reports that request for rollover is 'work in progress'

Updated 31 Mar, 2023 03:02pm

BR Research

Repatriation and dollar shortage

Dividend and profit repatriation on foreign direct invest has been falling over the last eight months of the fiscal...

Published 31 Mar, 2023 08:46am

Ministry of Finance warns inflation to remain high, could increase further

Reasons include market frictions caused by relative demand and supply gap of essential items as well as exchange rate depreciation

Updated 31 Mar, 2023 02:48pm

Financial

MPC meeting: SBP likely to raise key policy rate by 200 basis points

MPC meeting is scheduled to be held on April 4 (Tuesday)

Updated 31 Mar, 2023 02:40pm

Companies

Honda Atlas extends plant shutdown amid import difficulties

Pakistan’s auto assembler Honda Atlas Cars (Pakistan) Limited (HCAR) on Friday said its plant, which has been shut... Updated 31 Mar, 2023 03:44pm

Currency

Rupee slips against US dollar, settles at 283.79

Currency depreciates 0.05% in the interbank market

Updated 31 Mar, 2023 03:32pm

Debt servicing: SBP’s reserves fall by $354m

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $ 354 million during last... Published 31 Mar, 2023 06:45am

BR Research

Synthetic Products Enterprises Limited

Synthetic Products Enterprises Limited (PSX: SPEL) was incorporated in Pakistan as a private limited company in ...

Published 31 Mar, 2023 08:43am

BR Research

Oil: Bears losing steam

Having hit a 15-month low raising fears of a sustained bear run –crude oil prices have rebounded strongly, gaining...

Published 30 Mar, 2023 07:55am

BR Research

Poultry: DOC prices crash?

The poultry market’s rollercoaster ride is a gift that keeps giving. Broiler chicken (live) prices, which had...

Published 30 Mar, 2023 07:58am

BR Research

Shield Corporation Limited

Shield Corporation Limited (PSX: SCL) was incorporated in Pakistan as a public limited company in 1975. The...

Published 30 Mar, 2023 08:08am

Pakistan

CJP ‘disregards’ orders of Justices Isa, Aminuddin demanding postponement of suo motu matters

Circular says unilateral assumption of judicial power in such a manner violated the rule laid down by a five-member judgment

Published 31 Mar, 2023 04:26pm

Punjab polls delay: another SC judge recuses himself as hearing adjourned

Justice Jamal Khan Mandokhail is the second judge to recuse

Updated 31 Mar, 2023 03:48pm

Camelback counters trek wilderness for Pakistan census

KOHLU: Plodding over the horizon of western Pakistan, camel-riding officials spy a far-flung cluster of rough wooden... Published 31 Mar, 2023 11:54am

Tyrian White: IHC reserves verdict on admissibility of petition against IK

ISLAMABAD: The Islamabad High Court (IHC) reserved verdict over the maintainability of a petition seeking the... Published 31 Mar, 2023 06:45am

Basic rights: LHC strikes down Section 124-A of PPC

LAHORE: The Lahore High Court on Thursday struck down the offence of sedition under Section 124-A of the Pakistan... Published 31 Mar, 2023 06:45am

Curative review: PM orders withdrawal of reference against Justice Isa

ISLAMABAD: Prime Minister Shehbaz Sharif has directed Minister for Law Azam Nazeer Tarar to withdraw the curative... Published 31 Mar, 2023 06:45am

World

South Asia

Thirty-five dead, 16 hurt in after roof of stepwell collapses in India

LUCKNOW: At least 35 people were killed and 16 were injured after the roof of a stepwell in a temple complex... Published 31 Mar, 2023 11:03am

USA

Trump indicted, first US president to face criminal charges

NEW YORK: A New York grand jury has voted to indict former Donald Trump over hush money payments made to a porn... Published 31 Mar, 2023 12:26pm

Europe

Spain PM urges Xi to hold talks with Ukraine’s Zelensky

BEIJING: Spain’s prime minister said Friday he had urged Chinese President Xi Jinping to speak with his Ukrainian... Published 31 Mar, 2023 04:53pm

Europe

OpenAI’s ChatGPT blocked in Italy: privacy watchdog

ROME: Italy’s privacy watchdog said Friday it had blocked the controversial robot ChatGPT, saying the artificial... Published 31 Mar, 2023 04:46pm

South Asia

At least 13 die as India temple collapses

NEW DELHI: At least 13 devotees were killed and more than a dozen rescued on Thursday after they fell into a well at... Published 31 Mar, 2023 06:45am

Editorials

IMF and the stalled bailout

EDITORIAL: Dr Aisha Ghous Pasha, Minister of State for Finance, became the latest in a line of senior cabinet ...

‘Need for vigilance’

EDITORIAL: It’s interesting, and ominous, that IMF (International Monetary Fund) chief Kristalina Georgieva...

ECC decisions

EDITORIAL: Economic Coordination Committee of the Cabinet (ECC), the highest economic decision-making body in the...

Growing political chaos

EDITORIAL: The PDM (Pakistan Democratic Movement) government seems to realise that it has lost the fight for hearts...

Humza, Scotland’s leader

EDITORIAL: Even when the Pakistani diaspora in the United Kingdom is sharply divided over politics in its native...

Opinion

Daunting fiscal challenges

Huzaima Bukhari | Dr Ikramul Haq | Abdul Rauf Shakoori

Since the assumption of power in April 2022, the coalition government of Pakistan Democratic Movement (PDM) has been...

SDR allocation, monetary tightening, inflation, and banking crisis

Dr Omer Javed

While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs)...

We don’t yet know what lies in store for us—II

Syed Shabbar Zaidi

The entire nation is waiting for a rather irrelevant document called the Staff Level Agreement (SLA) with the...

PARTLY FACETIOUS: The spouse is under no obligation

Anjum Ibrahim

“It’s called the art of deflection, my question to you: who excels at this art amongst our politicians?”...

Preparing for the ‘petroyuan’?

Shahab Jafry

I wonder how long a certain Zoltar Pozsar, New York-based economist and investment research director at Credit ...

Perspectives

Social media workplace: a level playing field for women?

Khadija Husain

The advent of social media as the new workplace is one of the revolutionary ways the web has transformed the world...

Fuel subsidy: an unwanted gift?

Ali Ahmed

The ongoing saga of Pakistan’s economic crisis continues to take sharp twists and turns each passing day as the...

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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