News stories for M Ziauddin - Business Recorder

Time to go back to import substitution

Globalization has lost its shine for the rich countries which in the first place had been its promoters as they went...

Published 23 Sep, 2020 02:48am

Opinion

Water economy

ARTICLE: As much as half the world's water supply is being stolen, with agriculture responsible for much of that,...

Published 16 Sep, 2020 02:46am

Opinion

The age of geo-economics

ARTICLE: Pakistan's economy needs to grow at an annual average rate of at least 10 per cent of the GDP over the next...

Published 09 Sep, 2020 02:38am

Opinion

A new window of opportunities

ARTICLE: While Tehran's new strategic partnership with Beijing (a 25-year $400b arrangement) will give the Chinese a...

Published 02 Sep, 2020 02:42am

Opinion

STEM (ming) socio-economic stagnation

ARTICLE: For a country like Pakistan which suffers from chronic shortages of capital, energy and technology, the...

Updated 26 Aug, 2020 02:55pm

Opinion

The virtuous cycle

ARTICLE: With the Covid-19 curve seemingly well on course to flattening it is but natural for the PTI-led coalition...

Published 19 Aug, 2020 02:45am

Opinion

Digital food for thought

ARTICLE: The world is said to be producing plenty of food, still the number of undernourished has been rising since...

Published 12 Aug, 2020 02:58am

Opinion

Double trouble?

ARTICLE: Oil prices are tumbling not because of supply glut but because its demand is plummeting. There is virtually...

Published 05 Aug, 2020 03:00am

Opinion

Self-sufficiency is the answer

ARTICLE: The world seems to have been caught between what appears to be a sense of muted hope and a feeling of...

Published 29 Jul, 2020 02:48am

Opinion

'Build a pyramid, if you have to...'

ARTICLE: When you are in a crisis what you do is build an infrastructure-you build a pyramid if you have to, build...

Published 22 Jul, 2020 02:47am

Opinion

'Unbundling corruption'

ARTICLE: Generally, white collar crimes are difficult to solve. In fact, it becomes almost an insurmountable...

Published 15 Jul, 2020 02:43am

Opinion

En route to a welfare state?

ARTICLE: Because of Covid-19 we have already started spending a lot more on health cover than what we have been...

Published 08 Jul, 2020 02:55am

Opinion

Debt suspension initiative

ARTICLE: Pakistan hopes to a make a potential saving of $ 2.7 billion or nearly 1% of 2019 GDP, as the Paris Club,...

Published 01 Jul, 2020 03:09am

Opinion

Mother of all corruption

ARTICLE: Sugar scandal. Atta crisis. Petrol emergency. And many more such outrageous market manipulations are in the...

Published 24 Jun, 2020 03:13am

Opinion

Budgeting for a federation

ARTICLE: The Budget proposals for the next fiscal year read like a statement of hope written with fingers crossed....

Published 17 Jun, 2020 02:50am

Opinion

The Great Reset agenda

ARTICLE: In every crisis, there is an opportunity. And there is certainly a godsent opportunity in the Covid-19...

Published 10 Jun, 2020 03:05am

Opinion

Trapped in a 'catch-22' economic situation

ARTICLE: It is peaking in Pakistan. And there has been no full-blown lockdown as such since the Covid-19 curve...

Updated 14 Jun, 2020 02:42am

Opinion

Housing - a fundamental human right

Article 25 of the Universal Declaration of Human Rights recognizes the right to housing as part of the right to an adequate standard of living. Article 11(1) of the International Covenant on Economic, Social and Cultural Rights (ICESCR) also guarantees th

Published 27 May, 2020 12:06am

Opinion

Food security in the age of Covid-19

There never was any lockdown in the country's agricultural sector. And from the way the NCC and NCOC have been carrying out, their respective efforts over the last two months at meeting the challenges of Covid-19, it appears that for lack of enough testin

Published 20 May, 2020 12:05am

Opinion

Budgeting for a life with Covid-19

Two of the major burdens on the forthcoming federal budget are likely to be relatively lighter compared to what successive budgets had to bear under these heads over the last many decades. The first is the foreign debt, part of which, thanks to Covid-19,

Published 13 May, 2020 12:07am

Gainers
Losers
Leaders

Stock	Price
First Equity Mod. / Sep 26 First Equity Modaraba(FEM)	4.0020 ▲ 0.99 (25.91%)
First Prud Mod. / Sep 26 First Prudential Modaraba(PMI)	1.3700 ▲ 0.21 (8.10%)
Grays Leas. / Sep 26 Grays Leasing Limited(GRYL)	7.9400 ▲ 0.78 (8.10%)
Sapphire Fib. / Sep 26 Sapphire Fibres Limited(SFL)	731.0000 ▲ 32.00 (4.58%)
Flying Cement Ltd / Sep 26 Flying Cement Company Limited(FLYNG)	10.8000 ▲ 0.30 (2.38%)
Altern Energy / Sep 26 Altern Energy Limited(ALTN)	27.1500 ▲ 0.60 (2.26%)
Reliance Ins. / Sep 26 Reliance Insurance Company Limited(RICL)	7.2400 ▲ 0.14 (1.97%)
Sazgar Engg. / Sep 26 Sazgar Engineering Works Limited(SAZEW)	179.4300 ▲ 3.42 (1.94%)
P. Datacom / Sep 26 Pak Datacom Limited(PAKD)	63.2000 ▲ 0.95 (1.53%)
Agritech / Sep 26 Agritech Limited(AGL)	5.3700 ▲ 0.17 (1.34%)

Stock	Price
Saudi Pak Leas. / Sep 26 Saudi Pak Leasing Company Limited(SPLC)	1.9500 ▼ 0.54 (-27.69%)
Ferozsons Lab. / Sep 26 Ferozsons Laboratories Limited(FEROZ)	429.9993 ▼ 53.00 (-11.01%)
Al-Mali / Sep 26 Modaraba Al-Mali(MODAM)	6.2500 ▼ 1.10 (-10.00%)
PICIC Insurance / Sep 26 PICIC Insurance Limited(PIL)	1.3900 ▼ 0.18 (-9.02%)
Invest Cap. Bank / Sep 26 Invest Capital Investment Bank Limited(ICIBL)	1.1800 ▼ 0.17 (-8.18%)
K.S.B. Pumps / Sep 26 KSB Pumps Company Limited(KSBP)	327.0000 ▼ 47.00 (-7.88%)
Tri-Pack Films / Sep 26 Tri-Pack Films Limited(TRIPF)	181.9000 ▼ 18.15 (-7.82%)
Gadoon Tex. / Sep 26 Gadoon Textile Mills Limited(GADT)	225.0000 ▼ 15.95 (-7.09%)
Dandot Cement / Sep 26 Dandot Cement Company Limited(DNCC)	8.6500 ▼ 0.60 (-6.94%)
Ruby Tex. / Sep 26 Ruby Textile Mills Limited(RUBY)	7.5000 ▼ 0.69 (-6.44%)

Stock	Volume
Hascol Petroleum / Sep 26 Hascol Petroleum Limited(HASCOL)	31,993,500 ▼ 1.45
K-Electric Ltd / Sep 26 K-Electric Limited(KEL)	31,680,000 ▼ 0.15
Unity Foods / Sep 26 Unity Foods Limited(UNITY)	28,537,500 ▼ 0.65
Byco Petr. / Sep 26 Byco Petroleum Pakistan Limited(BYCO)	18,485,500 ▼ 1.39
Aisha Steel(ConPS) / Sep 26 Aisha Steel(ConPS)(ASLPS)	16,743,000 ▼ 0.03
Power Cement / Sep 26 Power Cement Limited(POWER)	16,317,500 ▼ 0.52
Askari Bank / Sep 26 Askari Bank Limited(AKBL)	13,025,500 ▼ 0.43
Pak Int.Bulk Ter / Sep 26 Pakistan International Bulk Terminal Limited(PIBTL)	12,774,000 ▼ 0.48
P.T.C.L.A / Sep 26 Pakistan Telecommunication Company Ltd(PTC)	11,948,500 ▼ 0.45
Jahangir Sid. Co. / Sep 26 Jahangir Siddiqui & Co. Ltd.(JSCL)	10,145,000 ▼ 2.00

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Sep 26	165.80
USD PKR Interbank Buying / Sep 26	165.70
USD to Japanese Yen / Sep 26	105.58
USD to Swiss Franc / Sep 26	0.93
Pound Sterling to USD / Sep 26	1.27
Euro to USD / Sep 26	1.16

Stock	Volume
S&P 500 / Sep 26	3298.46
India Sensex / Sep 26	37388.66
Tokyo Nikkei / Sep 26	23204.62
Nasdaq / Sep 26	10913.56
Hang Seng / Sep 26	23235.42
FTSE 100 / Sep 26	5842.67
Dow Jones / Sep 26	27173.96
Germany DAX 30 / Sep 26	12469.20
France CAC40 / Sep 26	4729.66

Indicator	Value
Weekly Foreign Reserves / Sep 24	19959.00
GDP Growth % / Sep 24	5.40
Foreign Debt (PKR billions) / Sep 24	15087.50
Per Capita Income USD (CPI) / Sep 24	1516.00
Average CPI % / Sep 24	11.11
UK LIBOR % / Sep 26	0.08