Home - Business Recorder

Published 17 May, 2024 05:50am

Borrowings, mark-up payments: Policy rate hike pushed up FY23 cost

ISLAMABAD: The government cost of borrowing and mark-up payments increased in the fiscal year 2022-23 consequent to...

Immovable properties: Hike in advance tax on purchase likely

Published 17 May, 2024 05:50am

MoF asked to make CPEC SEZs tax-free

Published 17 May, 2024 05:50am

Public debt soars to Rs39.7trn, NA told

Published 17 May, 2024 05:50am

Govt intends to convert 3 imported coal-run power plants to Thar coal

Published 17 May, 2024 05:50am

Exchange rate adjustment: Ogra endorses PSO’s claim

Published 17 May, 2024 05:50am

Finally, PM reaches out to Kashmiris

Published 17 May, 2024 05:50am

PM for implementation of ‘understanding’ with AJK

Published 17 May, 2024 05:50am

FATA, PATA regions: No law under study to grant tax relief: Aurangzeb

Published 17 May, 2024 05:50am

High-quality B&R cooperation: Pakistan, China agree to deepen Beijing’s steps

Published 17 May, 2024 05:50am

Petroleum leases, licences: Ex-SAPM’s order cost exchequer Rs1.2bn: AGP

Published 17 May, 2024 05:50am

Must Read

Editorials

FBR must stop leaning on crutches

Opinion

Fundamental reforms for survival

Business & Finance

Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’

Editorials

Political uncertainty or just bad economics?

Opinion

The AJK curtain-raiser

Opinion

Chakkar-istan: degree attestation is a new business in Pakistan

BR Research

Startups in Pakistan: all gloom and doom?

Business & Finance

Dubai’s AI blueprint can be ‘roadmap for wider region’

Markets

Pakistani companies with market cap of over $1bn at PSX

BR Research

Currency outlook

Editorials

No feel-good factor within general public

Calculate your monthly liability in FY24

Revision of buyback rates: PM directs Nepra, PD to amend net metering rules

Non-filers: FBR proposes WHT raise on cash withdrawal from banks

PD gets PM’s nod for power tariff hike

NAB laws case: hearing adjourned without Imran Khan speaking

Pakistani companies with market cap of over $1bn at PSX

Petrol price slashed by Rs15.39, HSD’s by Rs7.88

Currency outlook

Juices, cigarettes prime focus: Govt plans to rationalise FED regime in budget

Gold price per tola jumps Rs1,600 in Pakistan

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	155.81
USD to Swiss Franc / May 16	0.91
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 16	5297.10
India Sensex / May 16	73663.72
Tokyo Nikkei / May 16	38697.69
Nasdaq / May 16	16698.32
Hang Seng / May 16	19535.72
FTSE 100 / May 16	8438.65
Dow Jones / May 16	39869.38
Germany DAX 30 / May 16	18738.81

Item	Value
Crude Oil USD/Barrel / May 16	79.42
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2377.52
Cotton US¢/pound / May 16	76.26
Petrol/Litre / May 17	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	155.81
USD to Swiss Franc / May 16	0.91
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 16	5297.10
India Sensex / May 16	73663.72
Tokyo Nikkei / May 16	38697.69
Nasdaq / May 16	16698.32
Hang Seng / May 16	19535.72
FTSE 100 / May 16	8438.65
Dow Jones / May 16	39869.38
Germany DAX 30 / May 16	18738.81

Item	Value
Crude Oil USD/Barrel / May 16	79.42
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2377.52
Cotton US¢/pound / May 16	76.26
Petrol/Litre / May 17	273.10

Revision of buyback rates: PM directs Nepra, PD to amend net metering rules

Non-filers: FBR proposes WHT raise on cash withdrawal from banks

PD gets PM’s nod for power tariff hike

NAB laws case: hearing adjourned without Imran Khan speaking

Pakistani companies with market cap of over $1bn at PSX

Petrol price slashed by Rs15.39, HSD’s by Rs7.88

Currency outlook

Juices, cigarettes prime focus: Govt plans to rationalise FED regime in budget

Gold price per tola jumps Rs1,600 in Pakistan

Business & Finance

2024-05-17-02-25

Jul-Apr textile group exports down 0.19pc to $13.683bn YoY

ISLAMABAD: The country’s textile group exports declined by around 0.19 per cent during the first 10 months... Published 17 May, 2024 05:50am

BR Research

Startups in Pakistan: all gloom and doom?

“Booming startup funding; VC interest burgeoning in Pakistan’s tech startups.” Such were the headlines back in 2021...

Published 16 May, 2024 09:03am

2024-05-17-02-25

Budget: APCPC demands govt consult business community

ISLAMABAD: All Pakistan Chambers Presidents Conference (APCPC) threatened the government of rejecting the budget for... Published 17 May, 2024 05:50am

2024-05-17-02-13

Macroeconomic conditions: ADB team briefed about improvement

ISLAMABAD: The Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb was called on by Alternate... Published 17 May, 2024 05:50am

BR Research

Citi Pharma Limited

Citi Pharma Limited (PSX: CPHL) was incorporated in Pakistan as a private limited company in 2012 and was converted...

Published 16 May, 2024 08:59am

Business & Economy

PIA privatisation: deadline for EoI submission not expected to be extended further

The deadline for companies to express their interest in buying national carrier Pakistan International Airlines... Updated 16 May, 2024 10:43pm

Industry

Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’

KARACHI: Pakistan’s pharmaceutical sector can increase its exports to $3 billion over the next five years, ... Published 17 May, 2024 05:50am

2024-05-17-02-13

Polish trade delegation due on 20th

ISLAMABAD: A business delegation by leading Polish companies will arrive on a five-day visit to Pakistan on May 20,... Published 17 May, 2024 05:50am

2024-05-17-02-13

SECP commences second phase of LEAP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) commenced the second phase of its end-to-end... Published 17 May, 2024 05:50am

2024-05-17-02-13

Budget proposals: KCCI demands out-of-box solutions to save nose-diving economy

KARACHI: High rate of inflation has pushed the prices of consumer goods and commodities to a level where these are... Published 17 May, 2024 05:50am

BR Research

Currency outlook

The IMF’s latest country report has a special focus on external account assessment within its emphasis on the...

Published 15 May, 2024 08:52am

BR Research

Circular debt target: Optimistic much?

The IMF program review report is out and it reads much of the same for the energy sector, in terms of progress and...

Published 15 May, 2024 08:49am

BR Research

Century Paper & Board Mills Limited

Century Paper & Board Mills Limited (CEBP) was incorporated in Pakistan as a public limited company in 1984 and...

Published 15 May, 2024 08:46am

BR Research

Remittances staying buoyed

The need for overseas Pakistanis to send in remittances is never overestimated in Pakistan as there never is a time...

Published 14 May, 2024 09:33am

Pakistan

2024-05-17-02-25

NAO amendments case: Hearing adjourned without allowing IK to speak

ISLAMABAD: The Supreme Court adjourned the hearing of amendments in the National Accountability Ordinance (NAO) for... Published 17 May, 2024 05:50am

2024-05-17-02-25

Governor says Karachi no longer ‘economic hub’ of country

KARACHI: Governor Sindh Kamran Khan Tessori has said that the megacity has lost its status of being Pakistan’s... Published 17 May, 2024 05:50am

2024-05-17-02-25

Within premises of courtroom: IHC bars entry of intel agencies operatives

ISLAMABAD: The Islamabad High Court (IHC), Thursday, barred the entry of operatives of intelligence agencies within... Published 17 May, 2024 05:50am

2024-05-17-02-13

SSGC’s operation against gas theft continues

KARACHI: SSGC’s relentless pursuit of gas theft miscreants is gaining momentum as more than 235 illegal ... Published 17 May, 2024 05:50am

2024-05-17-02-13

Third-party validation report of federal Sehat Sahulat Programme launched

ISLAMABAD: The Prime Minister’s Coordinator on National Health Services and Regulations, Dr Mukhtar Ahmad Bharath,... Published 17 May, 2024 05:50am

2024-05-17-02-13

Sindh, Unicef agree to launch child protection plan

KARACHI: Sindh Chief Minister Syed Murad Ali Shah and Unicef Country Representative Abdullah A Fadil in their ... Published 17 May, 2024 05:50am

World

2024-05-17-02-25

US should keep open trade, work with China: IMF

WASHINGTON: The US would be better served by maintaining its open trade system rather than imposing new punitive... Published 17 May, 2024 05:50am

2024-05-17-02-25

Geopolitical tensions threaten eurozone stability: ECB

FRANKFURT, (Germany): Geopolitical tensions and policy uncertainty in a year featuring many elections worldwide... Published 17 May, 2024 05:50am

Europe

Russia ramps up strike drone use on Kharkiv front, Ukrainian artillery crew says

KHARKIV REGION: Ukrainian artillery on the Kharkiv frontline are facing a bigger threat than ever from Russia’s... Published 16 May, 2024 11:03pm

Europe

World Bank and Turkiye signs $1bn renewable energy program

ISTANBUL: Turkiye and the World Bank signed an agreement for $1 billion program to support renewable energy... Published 16 May, 2024 07:09pm

South Asia

Dance videos of Modi, rival turn up AI heat in India election

NEW DELHI: An AI video shows an ecstatic Narendra Modi sporting a trendy jacket and trousers, grooving on a stage to... Published 16 May, 2024 12:49pm

Editorials

FBR must stop leaning on crutches

EDITORIAL: In a fresh indicator of the Federal Board of Revenue’s (FBR’s) utter inability to carry out its basic...

All in the family

EDITORIAL: Since Nawaz Sharif has always called the shots in the PML-N, even during the PDM government when he was ...

Political uncertainty or just bad economics?

EDITORIAL: The refrain that political uncertainty is exacerbating the economic impasse due to inconsistent policies,...

Military’s role in politics

EDITORIAL: Sparks flew in the National Assembly on Monday when Leader of the Opposition Omar Ayub accused the...

No feel-good factor within general public

EDITORIAL: There is a level of comfort internationally in the improvement of key macroeconomic indicators - higher...

Opinion

Fundamental reforms for survival

Huzaima Bukhari | Dr Ikramul Haq | Abdul Rauf Shakoori

Pakistan is persistently confronting economic challenges, the resolution of which hinge on IMF’s new programme,...

Planning educational emergency

Dr Omer Javed

‘What the best and wisest parents wants for his own child, that must the community want for all of its children....

Pakistan’s economic crossroads

Dr Muhammad Fahim Khan

The socialist idea of central planning, which leads to a closed economy, has been followed by neoliberalism and...

PARTLY FACETIOUS: Who’s Tom Taraba?

Anjum Ibrahim

“I heard our GPS called Tom Taraba.” “Remind me who GPS is and who in the world is Tom Taraba?” “GPS is ...

The AJK curtain-raiser

Shahab Jafry

I fear the recent unrest in AJK was not an isolated affair, nor does the delayed Rs35bn sweetener mean the end of ...

Perspectives

The revolving door of instability in Pakistan

Umair Jamal

The current state of affairs in Pakistan is deeply concerning as the country appears to be slipping back into...

Pakistan’s Civil Services Exams: making a case for provision of bilingual mode in interviews

Osama Rizvi

Learning Via Negativa, or addition through subtraction, is a highly useful technique to learn. Acting upon this...

Pilgrimage to Makkah & Madina in the digital age

S. M. Hali

Every year millions of Muslims from around the globe converge towards the holy sites of Haram Sharif at Makkah and...

Life Style

Cannes Film Festival to feature Pakistani animated feature ‘The Chronicles of Umro Ayyar’

The 77th Cannes Film Festival will screen Pakistani 3D-animated feature film, ‘The Chronicles of Umro Ayyar’,... Published 16 May, 2024 05:40pm

Life & Style

Francis Ford Coppola’s epic ‘Megalopolis’ finally arrives at Cannes

Published 16 May, 2024 02:37pm

Life & Style

World’s largest sun canopy, monorail, tropical forest: first look at Dubai’s new airport

Published 16 May, 2024 05:09pm

Sports

Injured Black Caps Allen, Conway on course for T20 World Cup

New Zealand coach Gary Stead is confident of having a fully fit squad when the team departs for the Caribbean for... Published 16 May, 2024 12:02pm

Sports

Chelsea being rewarded for patience, says Pochettino

Published 16 May, 2024 11:56am

Sports

Antoine Griezmann hat-trick fires Atletico into Champions League

Published 16 May, 2024 11:42am

Max Verstappen seeks to restore order at Imola as F1 remembers Senna

IMOLA: Max Verstappen will aim to recover and put his friend Lando Norris back in his place among the chasing pack... Published 16 May, 2024 11:33am

Sports

FIFA meets to award 2027 Women’s World Cup under Gaza cloud

Published 16 May, 2024 11:12am

Sports

Without Messi, Miami’s winning run ends with derby draw

Published 16 May, 2024 11:03am

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