News Archives for Business & Finance - 2022-05-22 - Business Recorder

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Apr 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Business & Finance - 2022-05-22

General Atlantic plans $2 billion investment in India, Southeast Asia

General Atlantic plans $2 billion investment in India, Southeast Asia

DAVOS: Global private equity firm General Atlantic plans to plough $2 billion into India and Southeast Asia over the...

Published 22 May, 2022 11:00pm

Saudi, Egypt fall as markets reopen after weekend; Qatar edges up

Stocks

Saudi, Egypt fall as markets reopen after weekend; Qatar edges up

Saudi Arabia’s stock market fell for a second consecutive session on Sunday, under pressure from lower banking and...

Published 22 May, 2022 07:52pm

Saudi billionaire prince to sell 16.87% of firm to sovereign fund

Middle East

Saudi billionaire prince to sell 16.87% of firm to sovereign fund

RIYADH: A Saudi billionaire detained in a 2017 anti-graft crackdown is to sell a 16.87-percent stake of his company...

Published 22 May, 2022 06:43pm

India considering spending additional $26 billion to fight inflation

South Asia

India considering spending additional $26 billion to fight inflation

NEW DELHI: The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the...

Published 22 May, 2022 05:36pm

Hyundai Motor Group to invest more than $10 billion in US up to 2025

Companies

Hyundai Motor Group to invest more than $10 billion in US up to 2025

SEOUL: Hyundai Motor Group said on Sunday it would invest an additional $5 billion in the United States by 2025 to...

Published 22 May, 2022 10:20am

Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports

Commodities

Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports

KUALA LUMPUR: Indonesia’s resumption of palm oil exports will not blunt Malaysia’s competitiveness in exporting the...

Published 22 May, 2022 10:11am

Categorisation: SECP implementing new regime for brokers

Categorisation: SECP implementing new regime for brokers

Introduction of a robust Trading and Surveillance System at PSX to offer significantly enhanced capacity and better speed

Updated 22 May, 2022 10:40am

9.72m mobile phones manufactured locally in 4 months

9.72m mobile phones manufactured locally in 4 months

Local manufacturing plants assemble 2.56 million mobile phone handsets in April 2022 against 0.25 million commercially imported

Updated 22 May, 2022 10:43am

Onsite investigations of 105 stock brokers conducted: SECP

Onsite investigations of 105 stock brokers conducted: SECP

SECP data reveals onsite supervision is key tool to monitor the activities of brokers to ensure regulatory compliance

Updated 22 May, 2022 10:42am

US, S Korea sign pact on supply chains, economic ties

US, S Korea sign pact on supply chains, economic ties

US delegation is accompanying President Joe Biden on a five-day trip to Korea and Japan

Updated 22 May, 2022 10:41am

Banning import of luxury items: MoC seeks proposals from stakeholders

Industry

Banning import of luxury items: MoC seeks proposals from stakeholders

ISLAMABAD: Commerce Ministry has sought proposals from business community and general public with respect to recent...

Published 22 May, 2022 06:03am

GST refund to over 9000 cars’ buyers: FTO places comprehensive mechanism for FBR

Taxes

GST refund to over 9000 cars’ buyers: FTO places comprehensive mechanism for FBR

ISLAMABAD: The Federal Tax Ombudsman (FTO) has placed a comprehensive mechanism for the Federal Board of Revenue...

Published 22 May, 2022 06:03am

Event discusses issues of tea importers

Industry

Event discusses issues of tea importers

KARACHI: Pakistan Tea Association (PTA) has organized ‘Third Pakistan Tea Convention’ on the eve of ...

Published 22 May, 2022 06:03am

Industrial machinery: Govt should withdraw decision of increasing import duty, RD: SAI chief

Industry

Industrial machinery: Govt should withdraw decision of increasing import duty, RD: SAI chief

KARACHI: Abdul Rashid, President Site Association of Industry (SAI) said that the decision to increase import duty...

Published 22 May, 2022 06:03am

‘Political, economic instability destroying economy’

Industry

‘Political, economic instability destroying economy’

KARACHI: Chairman of National Business Group Pakistan and president Pakistan Businessmen and Intellectuals Forum...

Published 22 May, 2022 06:03am

PAAPAM chairman calls for halting import of auto parts

Industry

PAAPAM chairman calls for halting import of auto parts

LAHORE: Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) Chairman Abdur Razaq Gauhar,...

Published 22 May, 2022 06:03am

SECP releases annual report for FY 2020-21

Industry

SECP releases annual report for FY 2020-21

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has released its annual report for the fiscal...

Published 22 May, 2022 06:03am

Ban on luxury items’ import welcomed: BMP chief advocates controlling burgeoning food import bill

Industry

Ban on luxury items’ import welcomed: BMP chief advocates controlling burgeoning food import bill

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) Chairman Mian Anjum...

Published 22 May, 2022 06:03am

Moody’s cuts Ukraine debt rating, outlook negative

Money & Banking

Moody’s cuts Ukraine debt rating, outlook negative

WASHINGTON: Moody’s on Friday cut Ukraine’s debt rating for the second time in three months and lowered the...

Published 22 May, 2022 06:03am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 1	280.03
USD PKR Interbank Buying / Jan 1	279.53
USD to Japanese Yen / Jan 1	148.12
USD to Swiss Franc / Jan 1	0.87
Pound Sterling to USD / Jan 1	1.27
Euro to USD / Jan 1	1.09

Stock	Volume
S&P 500 / Jan 1	4864.60
India Sensex / Jan 1	70370.55
Tokyo Nikkei / Jan 1	36303.38
Nasdaq / Jan 1	15425.94
Hang Seng / Jan 1	15353.98
FTSE 100 / Jan 1	7485.73
Dow Jones / Jan 1	37905.45
Germany DAX 30 / Jan 1	16627.09

Item	Value
Crude Oil USD/Barrel / Jan 1	74.42
Karachi Cotton PKR/37.32 KG / Jan 1	19235
Gold 10 Grams PKR / Jan 1	184500
Gold Spot USD/Ounce / Jan 1	2027.40

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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7th straight status quo: SBP holds key interest rate at 22%

7th straight status quo: SBP holds key interest rate at 22%

PM holds talks with Saudis on investment, business prospects

PM holds talks with Saudis on investment, business prospects

NJLI Sarmaya Growth Fund Rates

Rate cut: the virtues of patience

Rate cut: the virtues of patience

Aurangzeb says mulling introducing digital currency potential

Aurangzeb says mulling introducing digital currency potential

Forex reserve constraints: SBP advises Chinese firm to get its DSRA minimized

Forex reserve constraints: SBP advises Chinese firm to get its DSRA minimized

Rupee remains largely unchanged against US dollar

Rupee remains largely unchanged against US dollar

Political stability critical to attaining sustainable external account stability

Political stability critical to attaining sustainable external account stability

No intention to impose fixed tax on solar, Power Division clarifies

No intention to impose fixed tax on solar, Power Division clarifies