Home - Business Recorder

Updated 02 May, 2024 09:29am

Govt taking steps towards fighting corruption: PM

Says government striving to bring about substantial changes in the national economy

Govt urges World Bank to restructure $230m CLICK project

Updated 02 May, 2024 09:30am

Visit to begin on 5th: PM sets up panel to facilitate private sector team from KSA

Updated 02 May, 2024 09:20am

Move to settle arbitration award: PD, NTDC advised to talk to Star Hydro

Updated 02 May, 2024 09:20am

Both nations: US official says committed to prosperous future

Updated 02 May, 2024 09:28am

Disclosure of manufacturing/expiry dates on cement bags: MoST endorses CCP’s proposal of revision of cement standards

Updated 02 May, 2024 09:27am

SOEs privatisation: PPP for exploring public-private partnerships

Updated 02 May, 2024 09:22am

FBR attaches benami property allocated for construction of mall

Updated 02 May, 2024 09:22am

PCAA renews charter licence of K2 Airways

Updated 02 May, 2024 09:26am

Naeem Mir CC of ‘Tajir Dost Scheme’

Updated 02 May, 2024 09:23am

TPL REIT Fund-I public subscription opens today

Updated 02 May, 2024 09:21am

Must Read

Editorials

A questionable policy stance

Editorials

What does Dar’s elevation reveal?

Opinion

Pakistan’s elite and the art of deception

Editorials

Inflation unchecked

Opinion

Pakistan’s civil service dilemma

Editorials

Deregulating petroleum sector: curb smuggling first

BR Research

Rate cut – maybe next time!

Opinion

The falling rate of inflation

Opinion

Rent a party

World

‘Boycotts’: KFC Malaysia temporarily shutters outlets citing challenging economy

Life & Style

What to watch this May: ‘Heeramandi’, ‘Bridgerton’, ‘Mother of the Bride’

Calculate your monthly liability in FY24

FBR issues list to PTA: SIMs of 506,671 IT non-filers to be blocked

KIA Pakistan announces massive Rs1.5mn price drop for Stonic EX+

NJLI Sarmaya Growth Fund Rates

FBR orders PTA, telcos to block over 500,000 mobile SIMs of non-filers

Uber app closes Pakistan chapter, ceases operations in Lahore

Pakistan’s civil service dilemma

Growing pressure on expenditures: Higher mark-up payments behind challenge: MoF

Bringing developers, builders into tax net: FBR fails to achieve desired results

Labour Day: President Zardari, PM Shehbaz reiterate commitment to labourers’ welfare

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	155.98
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / May 1	5018.39
India Sensex / May 1	74482.78
Tokyo Nikkei / May 1	38093.34
Nasdaq / May 1	15605.48
Hang Seng / May 1	17763.03
FTSE 100 / May 1	8121.24
Dow Jones / May 1	37903.29
Germany DAX 30 / May 1	17932.17

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Crude Oil USD/Barrel / May 1	79.18
Gold Spot USD/Ounce / May 1	2324.96
Cotton US¢/pound / May 1	76.51
Petrol/Litre / May 2	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	155.98
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / May 1	5018.39
India Sensex / May 1	74482.78
Tokyo Nikkei / May 1	38093.34
Nasdaq / May 1	15605.48
Hang Seng / May 1	17763.03
FTSE 100 / May 1	8121.24
Dow Jones / May 1	37903.29
Germany DAX 30 / May 1	17932.17

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Crude Oil USD/Barrel / May 1	79.18
Gold Spot USD/Ounce / May 1	2324.96
Cotton US¢/pound / May 1	76.51
Petrol/Litre / May 2	288.49

FBR issues list to PTA: SIMs of 506,671 IT non-filers to be blocked

KIA Pakistan announces massive Rs1.5mn price drop for Stonic EX+

NJLI Sarmaya Growth Fund Rates

FBR orders PTA, telcos to block over 500,000 mobile SIMs of non-filers

Uber app closes Pakistan chapter, ceases operations in Lahore

Pakistan’s civil service dilemma

Growing pressure on expenditures: Higher mark-up payments behind challenge: MoF

Bringing developers, builders into tax net: FBR fails to achieve desired results

Labour Day: President Zardari, PM Shehbaz reiterate commitment to labourers’ welfare

Business & Finance

2024-05-02-03-05

SRB collects Rs185.2bn in 9MFY2023-24

KARACHI: Sindh Revenue Board (SRB) has collected Rs185.2 billion during the first nine months of 2023-24 showing an... Published 02 May, 2024 04:58am

BR Research

Addressing nutrition challenges key to human development

Pakistan’s socioeconomic priorities need to change to adapt to the modern economic structures. The country missed...

Published 02 May, 2024 08:00am

2024-05-02-03-05

Cement makers assail deteriorating law, order situation

LAHORE: All Pakistan Cement Manufacturers Association (APCMA) has shown serious concerns over deteriorating law and... Published 02 May, 2024 04:58am

2024-05-02-12-23

UBG calls for unified action to overcome economic challenges

KARACHI: Pakistan is currently grappling with one of its most severe economic crises, prompting leaders from the... Published 02 May, 2024 04:58am

BR Research

Oil market near equilibrium?

Having rallied to $90/bbl and beyond for a brief while, it appears the international oil market seems content for...

Published 02 May, 2024 08:00am

Real Estate

TPL REIT Fund I: CEO Ali Asgher says optimistic about IPO’s prospects

KARACHI: Ali Asgher, CEO of TPL REIT Management Company Limited (RMC) Ltd, expressed confidence that the Initial... Published 02 May, 2024 04:58am

USA

Fed leaves rates unchanged, flags ‘lack of further progress’ on inflation

Likely that gaining greater confidence will take longer than previously expected, says Fed Chair Jerome Powell

Published 01 May, 2024 11:53pm

US Fed likely to keep rates steady as hopes of early cuts fade

WASHINGTON: The US Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday,... Updated 01 May, 2024 07:51pm

Crypto washout sends bitcoin below $58,000 into bear market

LONDON: Bitcoin fell for a third day on Wednesday, having posted its worst monthly performance in April since late... Updated 01 May, 2024 09:55pm

2024-05-01-02-25

IMF funding helps govt stabilise economy: PM

ISLAMABAD: The disbursement of $1.1 billion by the International Monetary Fund (IMF) will help Pakistan achieve... Published 01 May, 2024 04:14am

BR Research

Pakistan Reinsurance Company Limited

Pakistan Reinsurance Company Limited (PSX: PAKRI) was incorporated in Pakistan as public limited company in 2000....

Published 02 May, 2024 07:59am

BR Research

Rate cut – maybe next time!

SBP has kept the policy rate unchanged at 22 percent despite the April inflation coming down to 18 percent. It...

Published 30 Apr, 2024 08:55am

BR Research

PSO - 9MFY24

Pakistan State Oil Company Limited (PSX: PSO) posted a weaker quarterly financial performance, but growth for an...

Published 30 Apr, 2024 08:53am

BR Research

Bata Pakistan Limited

Bata Pakistan Limited (PSX: BATA) was incorporated in Pakistan in 1951 and became public in 1979. The company is...

Published 30 Apr, 2024 08:55am

Pakistan

2024-05-02-03-06

Agencies’ meddling case: PTI voices dismay at ‘conduct’ of CJP

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Wednesday expressed dismay over the conduct of Chief Justice of ... Updated 02 May, 2024 05:18am

2024-05-02-03-06

Katcha area dacoits, street criminals: Zardari directs Sindh CM to launch grand operation

KARACHI: President Asif Ali Zardari presiding over a special law & order meeting at the CM House directed Sindh... Updated 02 May, 2024 05:19am

2024-05-02-02-55

Responsible use of social media platforms utmost necessary: minister

ISLAMABAD: The government conveyed to the Asia Internet Coalition (AIC) comprising global digital media giants that... Updated 02 May, 2024 05:21am

2024-05-02-01-11

IHC to resume hearing of plea against ban on ‘X’ today

ISLAMABAD: The Islamabad High Court (IHC) will Thursday (May 2) resume hearing of a petition against the ban on... Updated 02 May, 2024 05:22am

2024-05-02-01-11

COAS, UK counterpart discuss how to further strengthen defence ties

RAWALPINDI: Chief of Army Staff (COAS) General Asim Munir held a meeting with his British counterpart General Sir... Published 02 May, 2024 04:58am

2024-05-02-02-55

CDA continues action against illegal housing societies

ISLAMABAD: Capital Development Authority (CDA) on Wednesday continued operation against illegal housing societies in... Updated 02 May, 2024 05:21am

World

2024-05-02-03-06

Turkey to join South Africa’s genocide case

ISTANBUL: Turkish Foreign Minister Hakan Fidan said on Wednesday that Turkey would join in South Africa’s ... Updated 02 May, 2024 05:19am

2024-05-02-03-06

300 anti-Israel protesters held in New York

LOSANGELES/NEW YORK: Supporters of Israel attacked a pro-Palestinian protest camp at the University of California in... Updated 02 May, 2024 05:19am

Europe

London real estate: US investors spending rebounds to highest in eight years

LONDON: US investors are buying up London commercial property at the fastest rate in eight years, data compiled by... Updated 02 May, 2024 05:31am

Europe

Russia ramps up arms production as US boosts support for Ukraine

MOSCOW: Russia’s defence minister on Wednesday ordered a hike in weapons production and said deliveries needed to... Updated 02 May, 2024 05:32am

South Asia

Parts of India record hottest April as heatwave kills nine

NEW DELHI: Eastern India experienced its hottest April on record as a heatwave scorched parts of the country amid a... Updated 01 May, 2024 07:47pm

Editorials

A questionable policy stance

EDITORIAL: The Monetary Policy Statement (MPS) dated 29 April 2024 left the discount rate unchanged at 22 percent on...

What does Dar’s elevation reveal?

EDITORIAL: The appointment of Foreign Minister and former finance minister Ishaq Dar as deputy prime minister is...

Inflation unchecked

EDITORIAL: The Sensitive Price Index for the week ending 25 April 2024, consisting of 51 essential items collected...

Campus protests: new flashpoint in US

EDITORIAL: Until recently, even a mild criticism of Israel’s policies in the US, especially in universities, could...

Deregulating petroleum sector: curb smuggling first

EDITORIAL: Finance minister Mohammad Aurangzeb recently said in a conference that bold energy and taxation reforms...

Opinion

Labour Day thoughts

Shahab Jafry

Do you think the country’s labour class, especially daily wagers, spent the Labour Day holiday celebrating and...

Pakistan’s elite and the art of deception

Kashif Mateen Ansari

“The ends justify the means,” Machiavelli’s famous adage, permitting rulers to forsake moral high grounds in...

The solar lessons

Asim Javed

The “Cobra Effect” is a well-known and beloved anecdote in the annals of unanticipated consequences. The...

Mulching techniques: increasing cotton yield

Sajid Mahmood

Mulching is crucial for boosting the overall growth and yield of cotton crops. It helps by reducing water ...

PARTLY FACETIOUS: Maryam a trailbrazer

Anjum Ibrahim

“You Know Notification Maryam Nawaz (NMN) is a trailblazer.” “Right she was the very first who was labelled as...

Perspectives

Return of the turncoats: a familiar tale in Balochistan politics

Imtiaz Baloch

Recent years have seen tumultuous political conditions in Pakistan with no one party able to form a clear majority,...

Practical significance of the global security initiative (GSI)

S. M. Hali

On April 21, 2024, the Global Security Initiative (GSI) celebrated its second anniversary since its launch. This...

Iranian president’s visit: outcomes may be short of expectations, but exchange is significant

Umair Jamal

The visit of Iranian President Dr Seyyed Ebrahim Raisi to Pakistan has perhaps, partially repaired the trust that...

Life Style

Samba, Gazelle shoes help drive Adidas sales while North America lags

Strong demand for its retro-style Gazelle and Samba sneakers helped drive Adidas’ strong first-quarter growth,... Published 01 May, 2024 03:15pm

Life & Style

‘Operation Madonna’: Rio readies for singer’s free mega-concert

Published 01 May, 2024 01:32pm

Life & Style

US novelist Paul Auster dies aged 77

Published 01 May, 2024 12:52pm

Sports

Pakistan Women’s squad announced for England tour

The newly-appointed seven-member women’s national selection committee on Wednesday named a 17-player squad for... Published 01 May, 2024 06:30pm

Sports

Rybakina rallies to make Madrid final

Published 01 May, 2024 06:29pm

Sports

Bayer Leverkusen looking for Roma revenge in Europa League last four

Published 01 May, 2024 01:51pm

Steve Smith axed as Australia name T20 World Cup squad

SYDNEY: Former captain Steve Smith and rising talent Jake Fraser-McGurk were notable omissions as Australia named... Published 01 May, 2024 01:23pm

Sports

Refugee Olympian Lohalith suspended after failing dope test

Published 01 May, 2024 02:44pm

Sports

West Indies Women win third T20I by 2 runs to take unassailable 3-0 lead

Published 30 Apr, 2024 11:15pm

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