Business & Finance - Business Recorder

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Mar 22, 2023 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

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Business & Finance - 2023-03-18

Pakistan to miss IT export target unless human talent is developed: VP Emeritus

IT and Computers

Pakistan to miss IT export target unless human talent is developed: VP Emeritus

IT exports stand at mere $1.52 billion in first seven months of fiscal year 2023

Published 18 Mar, 2023 08:27pm

Further hike in policy rate on the cards as inflation runs deep in Pakistan

Business & Economy

Further hike in policy rate on the cards as inflation runs deep in Pakistan

Brokerage house AHL says it expects an increase of 100bps in upcoming meeting on April 4

Updated 18 Mar, 2023 03:29pm

China Jan-Feb aluminium imports rose 11.3% on year

Commodities

China Jan-Feb aluminium imports rose 11.3% on year

BEIJING: China’s aluminium imports in the first two months of 2023 rose 11.3% from a year earlier, official data...

Published 18 Mar, 2023 12:26pm

UBS in talks to acquire embattled Credit Suisse

Money & Banking

UBS in talks to acquire embattled Credit Suisse

GENEVA: Switzerland’s largest bank, UBS, is in talks to buy all or part of Credit Suisse, according to a report by...

Published 18 Mar, 2023 12:06pm

China cuts reserve ratio given domestic pressures, overseas risks

Money & Banking

China cuts reserve ratio given domestic pressures, overseas risks

SHANGHAI: China’s central bank made a “timely” move by pumping liquidity into the banking system to respond to...

Published 18 Mar, 2023 10:45am

Beijing may allow foreign financial firms to list in China

Money & Banking

Beijing may allow foreign financial firms to list in China

SHANGHAI: China will encourage foreign capital to participate in its financial markets and may allow foreign-funded...

Updated 18 Mar, 2023 04:43pm

Sugar export: Shipment period extended on exporters’ plea

Sugar export: Shipment period extended on exporters’ plea

ISLAMABAD: The government has increased shipment time for the export of sugar after sugar exporters expressed ...

Published 18 Mar, 2023 06:14am

Pakistan receives $500m from China’s ICBC bank

Pakistan receives $500m from China’s ICBC bank

KARACHI: Pakistan has received a loan tranche from China of $500 million that will help the country shore up its...

Published 18 Mar, 2023 06:14am

Ogra convenes meeting on exchange rate mechanism

Ogra convenes meeting on exchange rate mechanism

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has convened a meeting to brief and align all the ...

Published 18 Mar, 2023 06:14am

Discontinuation of concessional power tariff: APTMA urging authorities to review decision

Discontinuation of concessional power tariff: APTMA urging authorities to review decision

ISLAMABAD: After depriving concessional electricity tariff of Rs 19.99 per unit for exporters subsequent to pressure...

Published 18 Mar, 2023 06:14am

SPI inflation up 0.96pc WoW

SPI inflation up 0.96pc WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) based inflation for the week ended March 16, 2023, recorded an...

Published 18 Mar, 2023 06:14am

First 8 months of year 2022-23: Petroleum group imports show negative growth of 8.28pc

First 8 months of year 2022-23: Petroleum group imports show negative growth of 8.28pc

ISLAMABAD: Petroleum group imports witnessed a negative growth of 8.28 percent during the first eight months...

Published 18 Mar, 2023 06:14am

OECD hikes growth outlook

OECD hikes growth outlook

PARIS: The global economic outlook has improved from a few months ago as the inflation shock eases but rising...

Published 18 Mar, 2023 06:14am

Taxpayers exploiting FTO forum to defeat hierarchy of tax laws

Taxes

Taxpayers exploiting FTO forum to defeat hierarchy of tax laws

LAHORE: Taxpayers are exploiting the forum of Federal Tax Ombudsman (FTO) to defeat a complete mechanism and...

Published 18 Mar, 2023 06:14am

PSATF chief visits KATI: Investors urged to take advantage of opportunity in African countries

Industry

PSATF chief visits KATI: Investors urged to take advantage of opportunity in African countries

KARACHI: Chairman of Pakistan Southern African Trade Federation (PSATF), Muhammad Rafiq Memon has said that most of...

Published 18 Mar, 2023 06:14am

Govt taking steps for growth of agricultural: Tasneem

Industry

Govt taking steps for growth of agricultural: Tasneem

ISLAMABAD: State Minister for Industries and Production Tasneem Qureshi has said that the government was taking ...

Published 18 Mar, 2023 06:14am

FPCCI chief urges govt to establish central intellectual property house

Industry

FPCCI chief urges govt to establish central intellectual property house

KARACHI: Irfan Iqbal Sheikh, President FPCCI, urged the government to establish a world-class and central...

Published 18 Mar, 2023 06:14am

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Co / Mar 22 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.79 ▲ 0.09 (12.86%)
Hinopak Motor / Mar 22 Hinopak Motors Limited(HINO)	219.45 ▲ 15.05 (7.36%)
Data Textile / Mar 22 Data Textiles Limited(DATM)	3.66 ▲ 0.22 (6.40%)
Tri-Star Power / Mar 22 Tri-Star Power Limited(TSPL)	13.08 ▲ 0.59 (4.72%)
Dewan Farooque Sp. / Mar 22 Dewan Farooque Spinning Mills Limited(DFSM)	3.05 ▲ 0.13 (4.45%)
Mehran Sugar / Mar 22 Mehran Sugar Mills Limited(MRNS)	35.95 ▲ 1.45 (4.20%)
D.S. Ind. Ltd. / Mar 22 D.S. Industries Limited(DSIL)	2.35 ▲ 0.09 (3.98%)
Century Ins. / Mar 22 Century Insurance Company Limited(CENI)	18.49 ▲ 0.66 (3.70%)
Jubile Life InsXD / Mar 22 Jubilee Life Insurance Company Limited(JLICL)	120 ▲ 4.00 (3.45%)
PICIC Ins.Ltd. / Mar 22 PICIC Insurance Limited(PIL)	0.72 ▲ 0.02 (2.86%)

Stock	Price
Jubilee Spinning / Mar 22 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.90 ▼ -0.51 (-14.96%)
Kohinoor Power / Mar 22 Kohinoor Power Company Limited(KOHP)	3.62 ▼ -0.37 (-9.27%)
Escorts Bank / Mar 22 Escorts Investment Bank Limited(ESBL)	3.16 ▼ -0.32 (-9.20%)
Samba Bank / Mar 22 Samba Bank Limited(SBL)	7 ▼ -0.60 (-7.89%)
Bilal Fibres / Mar 22 Bilal Fibres Limited(BILF)	2.27 ▼ -0.19 (-7.72%)
Dawood Lawrencepur / Mar 22 Dawood Lawrencepur Limited(DLL)	201.17 ▼ -16.26 (-7.48%)
Quetta Textile / Mar 22 Quetta Textile Mills Limited(QUET)	15.75 ▼ -1.27 (-7.46%)
JS Global Cap. / Mar 22 JS Global Capital Limited(JSGCL)	300.10 ▼ -23.90 (-7.38%)
Sapphire Textile / Mar 22 Sapphire Textile Mills Limited(SAPT)	977 ▼ -77.26 (-7.33%)
Premium Textile / Mar 22 Premium Textile Mills Limited(PRET)	420.10 ▼ -30.91 (-6.85%)

Stock	Volume
Fauji Cement / Mar 22 Fauji Cement Company Limited(FCCL)	14,265,000 ▲ 0.12
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	6,046,419 ▲ 0.00
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,848,036 ▼ -0.06
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	4,691,640 ▼ -0.20
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▼ -0.02
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▲ 0.04
TPL Properties / Mar 22 TPL Properties Limited(TPLP)	4,391,678 ▼ -0.02
Ghani Glo Hol / Mar 22 Ghani Global Holdings Limited(GGL)	4,311,148 ▲ 0.17
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	4,273,685 ▲ 0.05
Loads Limited / Mar 22 Loads Limited(LOADS)	4,188,000 ▼ -0.20

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	283.70
USD PKR Interbank Buying / Mar 22	283.25
USD to Japanese Yen / Mar 21	132.38
USD to Swiss Franc / Mar 21	0.92
Pound Sterling to USD / Mar 21	1.22
Euro to USD / Mar 21	1.08
UK LIBOR % / Mar 21	4.56

Stock	Volume
S&P 500 / Mar 21	4002.87
Tokyo Nikkei / Mar 21	26945.67
Nasdaq / Mar 21	11860.11
Hang Seng / Mar 21	19258.76
FTSE 100 / Mar 21	7536.22
Dow Jones / Mar 21	32560.60
Germany DAX 30 / Mar 21	15195.34
France CAC40 / Mar 21	7112.91
India Sensex / Mar 22	58196.91

Item	Value
Crude Oil USD/Barrel / Mar 21	69.33
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 21	177726
Gold Spot USD/Ounce / Mar 21	1943.10
Cotton US¢/pound / Mar 21	77.85

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Too tight fiscal space: MoF bans SGs, subsidies

Economic impasse is a ticking bomb waiting to go off

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PTI's Atif Munsif, 7 others killed in Abbottabad attack

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Petrol subsidy to bikers: two options under study

Petrol subsidy to bikers: two options under study

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Over 200 super rich people in Karachi: Recovery proceedings initiated

Over 200 super rich people in Karachi: Recovery proceedings initiated

Massive earthquake jolts parts of country

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CPEC: entry of 3rd parties now looks imminent

CPEC: entry of 3rd parties now looks imminent

IMF: delay deadliest form of denial?

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Too tight fiscal space: MoF bans SGs, subsidies

Too tight fiscal space: MoF bans SGs, subsidies

Petrol subsidy to bikers: two options under study

Petrol subsidy to bikers: two options under study

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Fauji’s flirtation with food industry

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Over 200 super rich people in Karachi: Recovery proceedings initiated

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Friendly delay ‘last hurdle’ to IMF bailout

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Govt announces fuel package relief for low-income families

Massive earthquake jolts parts of country

Massive earthquake jolts parts of country

PSO suggests Rs10/litre levy to avert default

PSO suggests Rs10/litre levy to avert default