News stories for Muhammad Ali - Business Recorder

Muhammad Ali

Country fully opens air space

KARACHI: Pakistan’s airspace has been completely restored for all types of flights. According to the latest...

Updated 11 May, 2025 09:46am

Pakistan

Air operations resume

KARACHI: Pakistan has resumed aviation operations countrywide after a temporary closure of major airports and...

Published 09 May, 2025 06:02am

RRS implementation: FBR facing potential legal challenges

KARACHI: The Federal Board of Revenue (FBR) is facing significant internal backlash and potential legal challenges...

Published 07 May, 2025 06:06am

Within Karachi Flight Information Region: PCAA announces temporary closure of air traffic services

KARACHI: Pakistan Civil Aviation Authority has announced temporary closures of air traffic service within the...

Updated 02 May, 2025 09:23am

Earning below Rs1 million annually: KTBA proposes tax exemption for salaried people

KARACHI: Karachi Tax Bar Association (KTBA) has proposed to exempt income tax from the salaried class earning below...

Updated 02 May, 2025 09:03am

Business & Finance

India’s civil aviation industry finds itself in precarious position

KARACHI: Pakistan has imposed airspace restrictions on all Indian-registered aircraft, effectively asserting its...

Published 25 Apr, 2025 06:05am

Pakistan

HOAP seeks govt’s help to resolve visa issue facing intending pilgrims

KARACHI: Around 67,000 Pakistani pilgrims face uncertainty regarding their upcoming Hajj journey as visa approvals...

Published 22 Apr, 2025 05:55am

Business & Finance

Discrimination in load assessment procedures: ABAD lodges complaint with NEPRA against KE

KARACHI: Association of Builders and Developers of Pakistan (ABAD) has formally lodged a complaint in the National...

Published 14 Apr, 2025 05:20am

Business & Finance

KTBA concerned at FBR’s HS Codes, UoM requirements

KARACHI: The Karachi Tax Bar Association (KTBA) has formally raised concerns regarding the Federal Board of...

Published 08 Apr, 2025 05:40am

Vulnerabilities in cargo monitoring system highlighted

KARACHI: The safety of transshipment cargo has been compromised on the Taftan-Quetta route due to failures by a...

Updated 03 Apr, 2025 09:27am

PCA South uncovers Rs215m tax revenue fraud

KARACHI: A ghost manufacturing unit has allegedly orchestrated massive money laundering worth Rs 2.4 billion and...

Updated 27 Mar, 2025 09:04am

Umrah ‘crisis’ emerges: Saudi curbs hit Pakistanis hard

KARACHI: Hundreds of thousands of Pakistanis are unable to perform Umrah during the last Ashrah of Ramazan, due to...

Updated 25 Mar, 2025 08:51am

Rs14bn tax fraud: FBR decides to take legal action

KARACHI: The Federal Board of Revenue (FBR) has decided to initiate legal proceedings against 463 importers, 106...

Updated 24 Mar, 2025 08:43am

Pakistan

Land-grab, encroachment issues: ABAD begins receiving relief

KARACHI: Members of the Association of Builders and Developers (ABAD) have begun receiving relief from land grabbing...

Published 19 Mar, 2025 07:56am

Once again, Department of Plant Protection under fire

KARACHI: The Department of Plant Protection, which has a reputation for questionable conduct, has been exposed once...

Updated 19 Mar, 2025 08:52am

No fresh registrations: SMEs forced to run businesses with unregistered title: KTBA

KARACHI: The Small and Medium Enterprises (SMEs) are forced to run their businesses with an unregistered title due...

Updated 08 Mar, 2025 08:50am

inDrive announces significant growth, expansion plans

Business & Finance

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	281.70
USD PKR Interbank Buying / May 16	281.50
USD to Japanese Yen / May 16	145.21
USD to Swiss Franc / May 16	0.83
Pound Sterling to USD / May 16	1.33
Euro to USD / May 16	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 15	5,916.93
Nasdaq / May 15	19,112.32
Dow Jones / May 15	42,322.75
India Sensex / May 16	82,241.91
Tokyo Nikkei / May 16	37,762.61
Hang Seng / May 16	23,345.94
FTSE 100 / May 16	8,686.51
Germany DAX 30 / May 16	23,854.97
France CAC40 / May 16	7,901.67

Item	Value
Karachi Cotton PKR/37.32 KG / May 15	16,985
Gold 10 Grams PKR / May 15	287,379
Crude Oil USD/Barrel / May 16	61.55
Gold Spot USD/Ounce / May 16	3,224.61
Cotton US¢/pound / May 16	65.53
Petrol/Litre / May 17	252.63
Diesel/Litre / May 17	254.64

Gainers
Losers
Leaders

Stock	Price
Equity Modaraba / May 16 First Equity Modaraba(FEM)	3.45 ▲ 0.6 (21.05%)
Pak. P.V.C. / May 16 Pakistan PVC Limited(PPVC)	8.40 ▲ 1 (13.51%)
First Capital Equities / May 16 First Capital Equities Limited(FCEL)	4.50 ▲ 0.52 (13.07%)
Dewan Mushtaq / May 16 Dewan Mushtaq Textile Mills Limited(DMTM)	10.83 ▲ 1 (10.17%)
AN Textile Mills / May 16 AN Textile Mills Limited(ANTM)	13.06 ▲ 1.19 (10.03%)
Sitara Peroxide / May 16 Sitara Peroxide Limited(SPL)	13.73 ▲ 1.25 (10.02%)
Fast Cables / May 16 Fast Cables Limited(FCL)	24.16 ▲ 2.2 (10.02%)
Pak Synthetics / May 16 Pakistan Synthetics Limited(PSYL)	62.34 ▲ 5.67 (10.01%)
Bawany Air Products / May 16 Bawany Air Products Limited(BAPL)	44.17 ▲ 4.02 (10.01%)
Kohinoor Mills / May 16 Kohinoor Mills Limited(KML)	32.09 ▲ 2.92 (10.01%)

Stock	Price
Parmount Sp. / May 16 Paramount Spinning Mills Limited(PASM)	3.16 ▼ -0.54 (-14.59%)
Tariq Corp.Pref. / May 16 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.14 ▼ -0.97 (-11.96%)
TPL Life Insur. / May 16 TPL Life Insurance Limited(TPLL)	47.57 ▼ -5.27 (-9.97%)
Apna Microfin. / May 16 Apna Microfinance Bank Limited(AMBL)	9.05 ▼ -0.99 (-9.86%)
Crescent Cotton / May 16 Crescent Cotton Mills Limited(CCM)	48.20 ▼ -5.26 (-9.84%)
Ellcot Spinning / May 16 Ellcot Spinning Mills Limited(ELSM)	101.65 ▼ -10.54 (-9.39%)
East West Ins. / May 16 East West Insurance Company Limited(EWIC)	52 ▼ -5.29 (-9.23%)
Shams Textile / May 16 Shams Textile Mills Limited(STML)	24.30 ▼ -2.43 (-9.09%)
B. F. Mod. / May 16 B.F. Modaraba(BFMOD)	7.95 ▼ -0.78 (-8.93%)
Olympia Mills / May 16 Olympia Mills Limited(OML)	46.20 ▼ -4.27 (-8.46%)

Stock	Volume
At-Tahur Ltd. / May 16 At-Tahur Limited(PREMA)	44,317,984 ▲ 0.21
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	32,148,988 ▼ -0.18
Lotte Chemical / May 16 Lotte Chemical Pakistan Limited(LOTCHEM)	28,049,504 ▲ 1.31
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	24,229,848 ▼ -0.52
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	18,507,342 ▼ -0.04
Pak Elektron / May 16 Pak Elektron Limited(PAEL)	18,144,829 ▼ -1.47
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	16,543,964 ▼ -0.02
Fauji Foods Ltd / May 16 Fauji Foods Limited(FFL)	15,849,609 ▲ 0.05
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,650,899 ▲ 0.64
Sui South Gas / May 16 Sui Southern Gas Company Limited(SSGC)	14,606,631 ▼ -1.2

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