Business & Finance

PM orders reduction in power tariffs

ISLAMABAD: In a bid to bring down the soaring electricity tariffs, Prime Minister Shehbaz Sharif directed the...

MPS on Monday

KARACHI: The Monetary Policy Committee (MPC) of the SBP will meet on Monday (Dec 16) 2024 to decide the monetary...

Sufficient fertiliser stock available

ISLAMABAD: A high-level Cabinet Committee has observed on Friday that there are sufficient and stable stocks of...

World Bank approves $240m for Karachi’s water & sanitation project

Use of AI: Minister for global regulatory framework

KATI urges SBP to cut policy rate by 500bps

Indonesia wants to promote trade with Pakistan: CG

SPI-based inflation rises slightly

Gold falls massive Rs5,000 per tola in Pakistan

Companies

Business & Finance

Kohat Textile Mills installs 3MW new solar plant

Published 14 Dec, 2024 08:07am

Markets

OGDCL discovers hydrocarbon reserves in Khyber Pakhtunkhwa

Updated 13 Dec, 2024 10:01pm

Business & Finance

Pakistan’s LAAM Technologies raises $5.5mn seed funding

Updated 13 Dec, 2024 11:02pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 13	278.15
USD PKR Interbank Buying / Dec 13	277.95
USD to Japanese Yen / Dec 13	152.89
USD to Swiss Franc / Dec 13	0.89
Pound Sterling to USD / Dec 13	1.27
Euro to USD / Dec 13	1.05

Stock	Volume
S&P 500 / Dec 12	6,051.25
Nasdaq / Dec 12	19,902.84
Dow Jones / Dec 12	44,914.12
India Sensex / Dec 13	81,383.94
Tokyo Nikkei / Dec 13	39,468.16
Hang Seng / Dec 13	20,056.01
FTSE 100 / Dec 13	8,323.68
Germany DAX 30 / Dec 13	20,507.55

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 12	17,585
Gold 10 Grams PKR / Dec 12	243,659.90
Crude Oil USD/Barrel / Dec 13	70.10
Gold Spot USD/Ounce / Dec 13	2,685.25
Cotton US¢/pound / Dec 13	69.62
Petrol/Litre / Dec 14	252.10

Budget 2024-25: income tax calculator for FY25

Money / Banking

Dollar heads for strongest week in a month

Asian currencies weaken on dollar strength

India’s forex reserves drop to over five-month low

Taxes

SUVs/EVs: FBR chairman briefs Senate body on chargeability of FED

KTBA elects new office-bearers

Banking sector’s ADR climbs to nearly 48% as of Nov 29

Industry

Grand National Olive Gala inaugurated

Increase in sugar price: PSMA-PZ denies reports

PRGMEA recognises issue of Scope 3 gas emissions

Statistics

SPI-based inflation rises slightly

SBP-held foreign exchange reserves increase $13mn, now stand at $12.05bn

Pakistan’s remittance inflow at $2.92bn in November 2024, down 4.5% month-on-month

Real Estate

Dubai’s real estate sector is evolving, moving towards ‘branded residences’

$500mn earned through export of surplus sugar, says PM Shehbaz

China new home price rises accelerate in November, survey finds

Interest Rates

KCCI urges SBP to reduce policy rate by 400bps

ECB cuts rates again, keeps door open to further cuts

China pledges more debt, rate cuts as Trump tariff threats loom

Budgets

Pakistan

PBC apologies for mistake, now says Pakistan’s salaried class paying up to 3 times more tax than in India

Updated 26 Jul, 2024 05:10pm

Business & Finance

AFF’s tax memorandum on federal & provincial finance acts, 2024

Published 06 Jul, 2024 01:48pm

Pakistan

Dr Gohar Ejaz urges govt to provide relief to salaried class

Updated 05 Jul, 2024 04:45pm

Energy

PM Shehbaz calls for immediate shutdown of inefficient power plants, pushes for renewables

Statement from PM's Office says premier wants reforms in power sector expedited

Updated 13 Dec, 2024 09:54pm

Out of 2.32mn freelancers, only 38,000 hold bank accounts in Pakistan, PM Committee told

In a startling development, it was disclosed during a high-level meeting of the Prime Minister’s Committee on IT...

Updated 13 Dec, 2024 09:57pm

Stocks

KSE-100 rebounds after over 1,500-point intra-day loss, closes in the green

After profit-taking in the first half of the trading session, the Pakistan Stock Exchange (PSX) staged a comeback...

Updated 13 Dec, 2024 10:54pm

Business & Economy

World Bank approves $240mn for WASH services in Karachi

Financing to support investments in water, sanitation services

Updated 13 Dec, 2024 10:56pm

Exchange

Rupee records marginal increase against US dollar

Currency settles at 278.12 against the greenback in inter-bank market

Updated 13 Dec, 2024 10:54pm

Huawei to help Punjab govt transform Lahore into ‘modern digital city’

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif spent a busy 5th day during her China visit, as she visited Huawei...

Published 14 Dec, 2024 06:46am

Tanveer advocates 500 basis points cut in policy rate

LAHORE: S M Tanveer, Patron-in-Chief UBG-BMPP, has urged the government to support economic growth by reducing ...

Published 14 Dec, 2024 06:46am

PSX sees seven IPOs in 2024, highest in last three years

KARACHI: Pakistan Stock Exchange (PSX) saw an increase in listing of new companies in 2024, with the bourse...

Published 14 Dec, 2024 06:46am

Trade leader says concerned at internet slowdown

KARACHI: Chairman of National Business Group Pakistan, President of the Pakistan Businessmen and Intellectuals ...

Published 14 Dec, 2024 06:46am

Energy

OGDCL discovers hydrocarbon reserves in Khyber Pakhtunkhwa

Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, announced...

Updated 13 Dec, 2024 10:01pm

Companies

Pakistan’s LAAM Technologies raises $5.5mn seed funding

KARACHI: Pakistan-based technology-driven fashion startup, LAAM Technologies has successfully raised $5.5 million in...

Updated 13 Dec, 2024 11:02pm

Commodities

Global LNG: Asian spot LNG falls on muted demand, strong inventories

LONDON: Asian spot liquefied natural gas (LNG) prices fell this week amid weak demand and the availability of more...

Published 13 Dec, 2024 07:16pm

Money & Banking

India’s forex reserves drop to over five-month low

MUMBAI: India’s foreign exchange reserves fell by $3.2 billion to a more than five-month low of $654.86 billion as...

Published 13 Dec, 2024 06:24pm

Stocks

Real estate and industrial stocks lift Dubai; Abu Dhabi falls

Dubai’s main share index closed higher on Friday, in line with oil prices, boosted by gains in real estate and...

Published 13 Dec, 2024 06:19pm

Commodities

India’s rice stocks surge to record high, boosting export prospects

NEW DELHI/MUMBAI: Rice inventories in India surged to a record high at the start of December, reaching more than...

Published 13 Dec, 2024 06:09pm

Commodities

LME stocks data supports copper, but dollar dominates

LONDON: Copper prices came under pressure from a stronger dollar on Friday, but losses were limited due to London...

Published 13 Dec, 2024 06:02pm

Real Estate

Dubai’s real estate sector is evolving, moving towards ‘branded residences’

Dubai’s recent crown as the ‘global leader in branded residences’ is also accompanied by high occupancy level in...

Published 13 Dec, 2024 06:29am

Stocks

India’s benchmark indexes log longest weekly winning run since July

Indian equity benchmarks ended higher on Friday, buoyed by consumer stocks on easing domestic retail inflation, and...

Published 13 Dec, 2024 05:14pm

Stocks

Sri Lanka shares end higher lifted by IT, financials gain

CSE All Share index settled up 1.2% at 14,205.34

Published 13 Dec, 2024 05:11pm

Commodities

Palm ends with more than 4% weekly loss

JAKARTA: Malaysian palm oil futures extended losses on Friday, tracking weakness in rival vegetable oils at the...

Published 13 Dec, 2024 05:09pm

Companies

Ecosystem report: amid dwindling startup funding, i2i looks to offer insights

KARACHI: Invest2-Innovate (i2i) released on Thursday the fourth edition of its Pakistan Startup Ecosystem Report...

Published 13 Dec, 2024 06:29am

Forex

Ugandan shilling little-changed; to ease due to commercial bank FX demand

KAMPALA: The Ugandan shilling was little-changed on Friday, but was expected to weaken due to demand for dollars...

Published 13 Dec, 2024 03:48pm

Forex

Russian rouble strengthens vs dollar in volatile trade

MOSCOW: The Russian rouble strengthened against the US dollar but weakened against China’s yuan on Friday amid...

Published 13 Dec, 2024 03:47pm

Energy

Iranian oil prices to China hit new multi-year highs as sanctions hit

SINGAPORE: The price of Iranian crude oil sold to China has risen to the highest in years as fresh US sanctions have...

Published 13 Dec, 2024 03:43pm

Forex

South African rand slips after central bank’s quarterly bulletin

JOHANNESBURG: South Africa’s rand slipped against the dollar on Friday after the central bank released its quarterly...

Published 13 Dec, 2024 02:36pm

Energy

Oil climbs 1% to 3-week high as more sanctions loom on Russia, Iran

Brent futures rise 67 cents, or 0.9%, to $74.08 a barrel

Updated 13 Dec, 2024 09:57pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 13	278.15
USD PKR Interbank Buying / Dec 13	277.95
USD to Japanese Yen / Dec 13	152.89
USD to Swiss Franc / Dec 13	0.89
Pound Sterling to USD / Dec 13	1.27
Euro to USD / Dec 13	1.05

Stock	Volume
S&P 500 / Dec 12	6,051.25
Nasdaq / Dec 12	19,902.84
Dow Jones / Dec 12	44,914.12
India Sensex / Dec 13	81,383.94
Tokyo Nikkei / Dec 13	39,468.16
Hang Seng / Dec 13	20,056.01
FTSE 100 / Dec 13	8,323.68
Germany DAX 30 / Dec 13	20,507.55

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 12	17,585
Gold 10 Grams PKR / Dec 12	243,659.90
Crude Oil USD/Barrel / Dec 13	70.10
Gold Spot USD/Ounce / Dec 13	2,685.25
Cotton US¢/pound / Dec 13	69.62
Petrol/Litre / Dec 14	252.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 14 786 Investments Limited(786)	8.07 ▲ 1.00 (14.14%)
F.Credit & Inv / Dec 14 First Credit and Investment Bank Limited(FCIBL)	8.69 ▲ 1.00 (13.00%)
LSE Financial Serv. / Dec 14 LSE Financial Services Limited(LSEFSL)	15.14 ▲ 1.38 (10.03%)
United Brands / Dec 14 United Brands Limited(UBDL)	24.84 ▲ 2.26 (10.01%)
Arpak Int. / Dec 14 Arpak International Investments Ltd.(ARPAK)	76.32 ▲ 6.94 (10.00%)
Biafo Ind. / Dec 14 Biafo Industries Limited(BIFO)	190.43 ▲ 17.31 (10.00%)
Data Agro / Dec 14 Data Agro Limited(DAAG)	104.61 ▲ 9.51 (10.00%)
Fecto Cement / Dec 14 Fecto Cement Limited(FECTC)	120.47 ▲ 10.95 (10.00%)
Honda Atlas Cars / Dec 14 Honda Atlas Cars (Pakistan) Limited(HCAR)	336.11 ▲ 30.56 (10.00%)

Stock	Price
First Capital Equities / Dec 14 First Capital Equities Limited(FCEL)	5 ▼ -0.76 (-13.19%)
Blue-Ex Ltd / Dec 14 Blue-Ex Limited (GEM)(GEMBLUEX)	32.99 ▼ -3.66 (-9.99%)
Crescent Fib. / Dec 14 Crescent Fibres Limited(CFL)	39.60 ▼ -4.37 (-9.94%)
Mughal Energy / Dec 14 Mughal Energy Limited(GEM)(GEMMEL)	21 ▼ -1.65 (-7.28%)
Askari Bank / Dec 14 Askari Bank Limited(AKBL)	37.56 ▼ -2.93 (-7.24%)
First AL-Noor Mod. / Dec 14 First Al-Noor Modaraba(FANM)	3.25 ▼ -0.24 (-6.88%)
First Elite Cap.Mod / Dec 14 First Elite Capital Modaraba(FECM)	6.45 ▼ -0.45 (-6.52%)
Haseeb Waqas / Dec 14 Haseeb Waqas Sugar Mills Limited(HWQS)	12.01 ▼ -0.83 (-6.46%)
K.S.B.Pumps / Dec 14 KSB Pumps Company Limited(KSBP)	151 ▼ -9.98 (-6.20%)

Stock	Volume
WorldCall Telecom / Dec 14 Worldcall Telecom Limited(WTL)	232,925,553 ▼ -0.01
Cnergyico PK / Dec 14 Cnergyico PK Limited(CNERGY)	80,186,381 ▼ -0.14
Pak Int.Bulk / Dec 14 Pakistan International Bulk Terminal(PIBTL)	75,005,438 ▲ 0.61
K-Electric Ltd. / Dec 14 K-Electric Limited(KEL)	59,689,845 ▲ 0.06
Fauji Foods Ltd / Dec 14 Fauji Foods Limited(FFL)	49,273,861 ▼ -0.03
Treet Corp / Dec 14 Treet Corporation Limited(TREET)	47,769,775 ▲ 2.23
Lotte Chemical / Dec 14 Lotte Chemical Pakistan Limited(LOTCHEM)	45,989,291 ▼ -1.12
Sui South Gas / Dec 14 Sui Southern Gas Company Limited(SSGC)	38,442,527 ▼ -1.06
Power Cement / Dec 14 Power Cement Limited(POWER)	37,680,570 ▲ 0.57

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