News stories for BR Web Desk - Business Recorder

BR Web Desk

Pakistan

President Alvi, interim law minister meet again to discuss elections

The meeting is part of ongoing discussions about the electoral process, according to the President House

Published 11 Sep, 2023 06:41pm

Business & Finance

Kohinoor Textile Mills posts 72% increase in profit

Kohinoor Textile Mills Limited (KTML) registered a profit after tax (PAT) of Rs9.19 billion for the fiscal year...

Published 11 Sep, 2023 06:23pm

Markets

Gold rates in Pakistan decline another Rs2,600 per tola

Price of 24-carat bar settles at Rs209,400 per tola

Updated 11 Sep, 2023 09:19pm

Pakistan

Pakistan’s remittances clock in at $2.1bn in August, 24% lower YoY

However, inflow 3.1% higher on monthly basis

Updated 11 Sep, 2023 07:55pm

Business & Finance

AsiaPak Investments acquires Pakistan’s Bol Network, amount not disclosed

AsiaPak Investments, a private investment firm with operational assets in Pakistan and Hong Kong, has acquired Bol...

Published 11 Sep, 2023 03:28pm

Pakistan

FO wants interim Afghan govt to be ‘mindful’ of Pakistan’s concerns regarding territorial integrity

Pakistan’s Foreign Office (FO) said it wants its border with Afghanistan to be a one of “peace and amity between the...

Updated 11 Sep, 2023 05:48pm

Sports

Asia Cup 2023: Pakistan thrashed in Colombo as India prevail by 228 runs

Chasing 357, Pakistan bundled out for paltry 128 as directionless batters succumb to Indian bowling

Updated 11 Sep, 2023 11:04pm

Pakistan

FC personnel martyred, several injured in Peshawar blast

Injured shifted to Combined Military Hospital

Updated 11 Sep, 2023 05:11pm

Markets

Rupee now stronger in open market than in inter-bank market: ECAP data

At the end of trading, Exchange Companies Association of Pakistan quotes rates at Rs297 and Rs300 for buying and selling, respectively

Updated 11 Sep, 2023 05:46pm

BR’s refresher: your morning briefing for the day

Important updates from September 9 and September 10, 2023

Published 11 Sep, 2023 08:40am

Pakistan

Bilawal says PPP is ready, but allies may be ‘running away’ from elections

Party chairman sticks to his demand of elections in 90 days despite father's nod to polls after delimitation

Published 10 Sep, 2023 10:37pm

Pakistan

Govt will make an example of those involved in smuggling, hoarding: interim interior minister

Announces reward for helping arrest smugglers, hoarders, and illegal immigrants

Published 10 Sep, 2023 09:10pm

Sports

Asia Cup 2023: Pakistan-India blockbuster moves to ‘reserve day’ as relentless rain continues

Play will resume tomorrow from the same point at 2:30 pm

Updated 10 Sep, 2023 10:14pm

Pakistan

World Bank indicates $2bn disbursement to Pakistan during FY24

Finance Minister Dr Shamshad Akhtar reaffirms Pakistan values its development collaboration with the bank

Published 09 Sep, 2023 09:44pm

Pakistan

Bilawal says Zardari's delimitation statement his personal view, insists on timely elections

PPP chairman says the Constitution clearly states that elections must be held within 90 days of the dissolution of assemblies

Published 09 Sep, 2023 07:06pm

Pakistan

Imran Khan challenges Army Act and Official Secrets Act amendments in top court

According to the petition the amendments violate human rights

Published 09 Sep, 2023 06:41pm

Pakistan

ECP obligated to hold elections as per Constitution: Zardari

Expresses confidence in Election Commission of Pakistan

Updated 09 Sep, 2023 04:49pm

Markets

Pakistan’s textile exports fall 6% year-on-year in August, clock in at $1.48bn: APTMA

However, on monthly basis, exports increase 13% in comparison to July

Updated 09 Sep, 2023 11:05pm

Business & Finance

PIA says govt support ‘eases out’ financial woes, ‘restructuring also on track’

Debt-ridden Pakistan International Airlines (PIA) said on Saturday that its financial woes have “eased out” after...

Updated 09 Sep, 2023 04:48pm

BR’s refresher: your morning briefing for the day

Important updates from September 8, 2023

Published 09 Sep, 2023 08:42am

Gainers
Losers
Leaders

Stock	Price
Universal Ins. / Sep 26 The Universal Insurance Company Limited(UVIC)	3.98 ▲ 0.98 (32.67%)
Bilal Fibres / Sep 26 Bilal Fibres Limited(BILF)	2.20 ▲ 0.19 (9.45%)
AL-Abbas Sugar / Sep 26 Al-Abbas Sugar Mills Limited(AABS)	543.95 ▲ 37.95 (7.50%)
Agriautos Ind. / Sep 26 Agriauto Industries Limited(AGIL)	69.91 ▲ 4.88 (7.50%)
Bal. Wheel / Sep 26 Baluchistan Wheels Limited(BWHL)	149.06 ▲ 10.40 (7.50%)
MithchellsFruit / Sep 26 Mitchells Fruit Farms Limited(MFFL)	81.27 ▲ 5.67 (7.50%)
Pak Hotels / Sep 26 Pakistan Hotels Developers Limited(PHDL)	236.54 ▲ 16.50 (7.50%)
Pak Paper Prod / Sep 26 Pakistan Paper Products Limited(PPP)	54.34 ▲ 3.79 (7.50%)
Suraj Cotton / Sep 26 Suraj Cotton Mills Limited(SURC)	106.01 ▲ 7.40 (7.50%)
AEL Textile / Sep 26 AEL Textile Limited(AEL)	18.65 ▲ 1.30 (7.49%)

Stock	Price
Next Capital / Sep 26 Next Capital Limited(NEXT)	4.30 ▼ -0.58 (-11.89%)
U.D.L.Modaraba / Sep 26 First UDL Modaraba(FUDLM)	4.45 ▼ -0.50 (-10.10%)
Bawany Air Products / Sep 26 Bawany Air Products Limited(BAPL)	9.32 ▼ -0.88 (-8.63%)
AKD Hospitality / Sep 26 AKD Hospitality Limited(AKDHL)	121.75 ▼ -9.75 (-7.41%)
Blessed Tex. / Sep 26 Blessed Textiles Limited(BTL)	372 ▼ -29.00 (-7.23%)
Punjab Mod / Sep 26 First Punjab Modaraba(FPJM)	1.30 ▼ -0.10 (-7.14%)
Sapphire Fibres / Sep 26 Sapphire Fibres Limited(SFL)	1125 ▼ -80.65 (-6.69%)
JS Investments / Sep 26 JS Investments Limited(JSIL)	14 ▼ -1.00 (-6.67%)
Waves Home Appliances / Sep 26 Waves Home Appliances Limited(WHALE)	5.60 ▼ -0.39 (-6.51%)
Allawasaya Tex / Sep 26 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1460 ▼ -100.00 (-6.41%)

Stock	Volume
P.I.A.C.(A) / Sep 26 Pakistan International Airlines Corp(PIAA)	39,294,500 ▲ 0.14
WorldCall Telecom / Sep 26 Worldcall Telecom Limited(WTL)	25,977,686 ▲ 0.03
Pak Elektron / Sep 26 Pak Elektron Limited(PAEL)	20,636,559 ▼ -0.43
K-Electric Ltd. / Sep 26 K-Electric Limited(KEL)	11,029,912 ▲ 0.04
Fauji Foods Ltd / Sep 26 Fauji Foods Limited(FFL)	10,407,842 ▲ 0.24
Cnergyico PK / Sep 26 Cnergyico PK Limited(CNERGY)	9,711,198 ▲ 0.02
Pak Refinery / Sep 26 Pakistan Refinery Limited(PRL)	8,237,304 ▲ 0.16
Hascol Petrol / Sep 26 Hascol Petroleum Limited(HASCOL)	7,286,500 ▲ 0.25
Unity Foods Ltd / Sep 26 Unity Foods Limited(UNITY)	5,817,127 ▼ -0.28
Nishat ChunPow / Sep 26 Nishat Chunian Power Limited(NCPL)	5,515,000 ▼ -0.34

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 26	290
USD PKR Interbank Buying / Sep 26	289.75
USD to Japanese Yen / Sep 26	149.12
USD to Swiss Franc / Sep 26	0.91
Pound Sterling to USD / Sep 26	1.22
Euro to USD / Sep 26	1.06
UK LIBOR % / Sep 22	5.43

Stock	Volume
S&P 500 / Sep 25	4337.44
Nasdaq / Sep 25	13271.32
Dow Jones / Sep 25	34006.88
India Sensex / Sep 26	65995.16
Tokyo Nikkei / Sep 26	32315.05
Hang Seng / Sep 26	17517.92
FTSE 100 / Sep 26	7638.77
Germany DAX 30 / Sep 26	15335.80
France CAC40 / Sep 26	7071.74

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 25	18435
Gold 10 Grams PKR / Sep 25	184159.50
Crude Oil USD/Barrel / Sep 26	88.81
Gold Spot USD/Ounce / Sep 26	1910.85
Cotton US¢/pound / Sep 26	87.25