News Archives for Business & Finance - 2025-05-03 - Business Recorder

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اردو

Jun 10, 2026 اردو

Print Edition BR Markets Dollar to PKR

Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices

Business & Finance - 2025-05-03

Gold price per tola falls Rs2,300 in Pakistan

Business & Finance

Gold price per tola falls Rs2,300 in Pakistan

Gold prices in Pakistan declined on Saturday in line with their decrease in the international market. In the local...

Published 03 May, 2025 05:28pm

IMF to proceed with Pakistan review despite India’s objections

Business & Economy

IMF to proceed with Pakistan review despite India’s objections

IMF Executive Board to meet on May 9 to discuss Pakistan programme

Updated 03 May, 2025 09:43pm

Budget proposals: tea importers call for reform in taxation regime

Markets

Budget proposals: tea importers call for reform in taxation regime

Tea importers have urged the government to bring reforms in the import taxation regime, claiming loopholes were...

Published 03 May, 2025 02:44pm

OPEC+ countries to open the oil taps despite price slump

Energy

OPEC+ countries to open the oil taps despite price slump

VIENNA: Eight OPEC+ member countries on Saturday announced a sharp increase in oil production for the month of June...

Updated 03 May, 2025 07:02pm

India Kotak Mahindra Bank’s Q4 profit drops more than expected on higher provisions

Money & Banking

India Kotak Mahindra Bank’s Q4 profit drops more than expected on higher provisions

MUMBAI: India’s Kotak Mahindra Bank on Saturday reported a larger-than-expected 14% drop in quarterly profit as...

Published 03 May, 2025 02:35pm

US dollar still down, but off lows

Money & Banking

US dollar still down, but off lows

NEW YORK: The US dollar was down on Friday but trimmed some losses against the euro and yen after data showed the...

Published 03 May, 2025 06:25am

Steel traders urge LCCI to help de-seal godowns

Industry

Steel traders urge LCCI to help de-seal godowns

LAHORE: Steel traders Friday sought LCCI help for de-sealing of their godowns terming it an anti-government step....

Published 03 May, 2025 06:07am

KPRA collects Rs41.9bn in 10MFY2025

Business & Finance

KPRA collects Rs41.9bn in 10MFY2025

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has collected Rs41.9 billion in the first ten months of...

Published 03 May, 2025 06:07am

Petroleum deregulation: dealers seek more time for input

Energy

Petroleum deregulation: dealers seek more time for input

KARACHI: Requesting deference of deregulation of petroleum products during the 8th meeting of the Standing Committee...

Published 03 May, 2025 06:07am

S&P suggests staying the course, accelerating reforms

Business & Finance

S&P suggests staying the course, accelerating reforms

ISLAMABAD: The Standard and Poor’s (S&P) Global Ratings recommended Pakistan to stay the course, deepen the...

Published 03 May, 2025 06:07am

Europe to hand billions in frozen Russian cash to Western investors

Business & Finance

Europe to hand billions in frozen Russian cash to Western investors

BRUSSELS: Euroclear plans to seize and redistribute about 3 billion euros ($3.4 billion) of Russia’s funds that ...

Published 03 May, 2025 06:07am

HBL manufacturing PMI softens to 7-month low

Companies

HBL manufacturing PMI softens to 7-month low

KARACHI: The HBL Pakistan Manufacturing PMI (compiled by S&P Global) eased to 51.9 in April down from 52.7 last...

Published 03 May, 2025 06:07am

Weekly SPI inflation up 0.15pc

Business & Finance

Weekly SPI inflation up 0.15pc

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended April 30, 2025, increased by 0.15per...

Published 03 May, 2025 06:07am

Apr CPI inflation clocks in at 0.3pc YoY

Business & Finance

Apr CPI inflation clocks in at 0.3pc YoY

ISLAMABAD: The Consumer Price Index (CPI) based inflation clocked in at 0.3 per cent on year-on-year (YoY) basis in...

Published 03 May, 2025 06:07am

Apple expects $900m tariff hit, US iPhone supply shifts to India

Business & Finance

Apple expects $900m tariff hit, US iPhone supply shifts to India

SAN FRANCISCO: Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could...

Published 03 May, 2025 06:07am

DC fast charging network: BYD Pakistan enters partnership with HGL

Business & Finance

DC fast charging network: BYD Pakistan enters partnership with HGL

KARACHI: BYD Pakistan - Mega Motor Company (BYD|MMC) has partnered with HUBCO Green (Private) Limited (HGL) to ...

Published 03 May, 2025 06:07am

PPDA urges govt to resolve its demands

Industry

PPDA urges govt to resolve its demands

KARACHI: Pakistan Petroleum Dealers Association (PPDA) has highlighted issues over deregulation, bank charges, and...

Published 03 May, 2025 06:07am

Asian currencies: Taiwan currency hits 15-month high

Money & Banking

Asian currencies: Taiwan currency hits 15-month high

BENGALURU: The Taiwan dollar and stocks in Taipei soared on Friday, leading a rally across Asian markets as signs of...

Published 03 May, 2025 06:07am

PHDEC hosts training workshop to boost cherry exports to China

Business & Finance

PHDEC hosts training workshop to boost cherry exports to China

GILGIT-BALTISTAN: Pakistan Horticulture Development & Export Company (PHDEC) took a monumental step in the realm...

Published 03 May, 2025 06:07am

Governor discusses trade ties with Netherlands envoy

Business & Finance

Governor discusses trade ties with Netherlands envoy

LAHORE: Ambassador of the Netherlands to Pakistan, Mrs. Henny de Vries called on Governor Punjab Sardar Saleem ...

Published 03 May, 2025 06:07am

Tax department prevails over tribunal judgement

Taxes

Tax department prevails over tribunal judgement

LAHORE: Tax department has won over a tribunal judgment based on documents not part of reply filed by a taxpayer...

Published 03 May, 2025 06:07am

BMP suggests uniform 1pc sales tax rate on all medicines

Business & Finance

BMP suggests uniform 1pc sales tax rate on all medicines

LAHORE: As the federal government enters the final phase of preparing the federal budget for 2025–26, the...

Published 03 May, 2025 06:07am

CM, Dutch envoy discuss trade, investment matters

Pakistan

CM, Dutch envoy discuss trade, investment matters

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif met the Ambassador of Netherlands to Pakistan, Henny de Vries and...

Published 03 May, 2025 06:07am

RTO Hyderabad: Chief Commissioner, TBAH for strengthening transparency

Taxes

RTO Hyderabad: Chief Commissioner, TBAH for strengthening transparency

HYDERABAD: Chief Commissioner of Regional Tax Office (RTO) Hyderabad, Qazi Hifz-ur-Rehman, held a consultative...

Published 03 May, 2025 06:07am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 9	278.57
USD PKR Interbank Buying / Jun 9	278.37
USD to Japanese Yen / Jun 10	160.36
USD to Swiss Franc / Jun 10	0.80
Pound Sterling to USD / Jun 10	1.34
Euro to USD / Jun 10	1.15
SOFR % / Jun 9	3.63

Stock	Volume
S&P 500 / Jun 9	7,386.65
Nasdaq / Jun 9	25,678.82
Dow Jones / Jun 9	50,872.11
India Sensex / Jun 10	74,322.20
Tokyo Nikkei / Jun 10	64,166.71
Hang Seng / Jun 10	24,292.95
FTSE 100 / Jun 10	10,250.38
Germany DAX 30 / Jun 10	24,501.24
France CAC40 / Jun 10	8,216.19

Item	Value
Gold 10 Grams PKR / Jun 9	389,534
Petrol/Litre / Jun 10	377.78
Crude Oil USD/Barrel / Jun 10	88.87
Gold Spot USD/Ounce / Jun 10	4,174.27
Diesel/Litre / Jun 10	380.78
Cotton US¢/pound / Jun 10	75.60

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 10 First Fidelity Leasing Modaraba(FFLM)	10.67 ▲ 1 (10.34%)
J.A.Textile / Jun 10 J.A. Textile Mills Limited(JATM)	26.25 ▲ 2.39 (10.02%)
Burshane LPG / Jun 10 Burshane LPG (Pakistan) Limited(BPL)	62.55 ▲ 5.69 (10.01%)
Inter.Steel Ltd / Jun 10 International Steels Limited(ISL)	85.65 ▲ 7.79 (10.01%)
Redco Textile / Jun 10 Redco Textiles Limited(REDCO)	31.55 ▲ 2.87 (10.01%)
Pak. P.V.C. / Jun 10 Pakistan PVC Limited(PPVC)	23.63 ▲ 2.15 (10.01%)
Cherat Packaging / Jun 10 Cherat Packaging Limited(CPPL)	92.09 ▲ 8.37 (10%)
IBL HealthCare / Jun 10 IBL HealthCare Limited(IBLHL)	54.25 ▲ 4.93 (10%)
Kohat Textile / Jun 10 Kohat Textile Mills Limited(KOHTM)	122.68 ▲ 11.15 (10%)
Oilboy Energy / Jun 10 Oilboy Energy Limited(OBOY)	20.35 ▲ 1.85 (10%)

Stock	Price
Dadabhoy Cement / Jun 10 Dadabhoy Cement Industries Limited(DBCI)	7.35 ▼ -0.85 (-10.37%)
Idrees Tex. / Jun 10 Idrees Textile Mills Limited(IDRT)	57.68 ▼ -6.41 (-10%)
Tariq Corp.Pref. / Jun 10 Tariq Corporation Limited-Preference Shares(TCORPCPS)	10.94 ▼ -1.21 (-9.96%)
Shams Textile / Jun 10 Shams Textile Mills Limited(STML)	40.31 ▼ -3.14 (-7.23%)
Haseeb Waqas / Jun 10 Haseeb Waqas Sugar Mills Limited(HWQS)	17.85 ▼ -1.29 (-6.74%)
Sindh Abadgar / Jun 10 Sindh Abadgar's Sugar Mills Limited(SASML)	380.07 ▼ -25.94 (-6.39%)
First IBL Mod. / Jun 10 First IBL Modaraba(FIBLM)	11.50 ▼ -0.73 (-5.97%)
Quantum Data Tech. / Jun 10 Quantum Data Technologies Limited(QTECH)	32.20 ▼ -2.03 (-5.93%)
Security Investment Bank / Jun 10 Security Investment Bank Limited(SIBL)	7.20 ▼ -0.44 (-5.76%)
Grays Leasing / Jun 10 Grays Leasing Limited(GRYL)	21.70 ▼ -1.31 (-5.69%)

Stock	Volume
TPL Properties / Jun 10 TPL Properties Limited(TPLP)	63,737,085 ▲ 0.09
TPL Corp Ltd / Jun 10 TPL Corp Limited(TPL)	40,626,361 ▲ 0.32
Telecard Limited / Jun 10 Telecard Limited(TELE)	40,238,477 ▲ 0.12
Loads Limited / Jun 10 Loads Limited(LOADS)	33,866,305 ▲ 0.68
Oilboy Energy / Jun 10 Oilboy Energy Limited(OBOY)	30,153,254 ▲ 1.85
Amreli Steels / Jun 10 Amreli Steels Limited(ASTL)	27,013,807 ▲ 0.61
Agha Steel Ind. / Jun 10 Agha Steel Ind.Ltd(AGHA)	21,875,782 ▲ 0.29
WorldCall Telecom / Jun 10 Worldcall Telecom Limited(WTL)	21,604,281 ▼ -0.01
TPL REIT Fund I / Jun 10 TPL REIT Fund I(TPLRF1)	20,436,423 ▲ 0.01
Beco Steel Ltd / Jun 10 Beco Steel Limited(BECO)	18,815,133 ▼ -0.02

Income tax calculator for FY 2025-26

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Budget: tax on hybrid cars may stay unchanged; up to 25pc sales tax on import of EVs likely

Budget: tax on hybrid cars may stay unchanged; up to 25pc sales tax on import of EVs likely

Pakistan registers $4.3bn in remittances for May 2026

Pakistan registers $4.3bn in remittances for May 2026

Gold price drops by Rs12,627 per tola in Pakistan

Gold price drops by Rs12,627 per tola in Pakistan

PMD forecasts rain, thunderstorms across country from tomorrow

PMD forecasts rain, thunderstorms across country from tomorrow

US launches new strikes on Iran after helicopter downed

US launches new strikes on Iran after helicopter downed

$4.5bn greenfield refinery project planned in Balochistan

$4.5bn greenfield refinery project planned in Balochistan

FBR must stop punishing compliance

FBR must stop punishing compliance

Rs20bn proposed for M-6 project under PSDP

Rs20bn proposed for M-6 project under PSDP

FBR gives July 8 deadline to tax officials

FBR gives July 8 deadline to tax officials