Latest - Business Recorder

Business

Bukhari invites US to travel and seek investment opportunities in Pakistan

There are a plethora of opportunities not just for those who are keen to travel to discover the world but also for those who are on the lookout for investment possibilities that offer promising returns, said Bukhari.

Published 31 Oct, 2020 12:47pm

‘I promise you as president, Islam is going to be treated like it should be’: Joe Biden

He has also vowed to repeal President Donald Trump's Muslim ban on his first day in office.

Published 31 Oct, 2020 12:15pm

Business

World’s top apparel brands Target, Hugo Boss shifting orders to Pakistan

“This is a good trend and I am very hopeful that this will continue. I hope that the exporters will capitalize on this opportunity,” he added.

Published 31 Oct, 2020 12:03pm

Business

Ships carrying wheat, sugar arrive in Pakistan

Pakistan is facing some 2.5 to 3 million metric tons shortage of wheat due to lower crop output during this season. Initially, the federal government allowed duty-free import of 3 million tons of the commodity including 1.5 million tons through TCP and the same quantity allocated to the private sector.

Published 31 Oct, 2020 11:39am

World

Man rams car into Masjid-e-Haram's door

The police have arrested the driver.

Published 31 Oct, 2020 11:22am

Business

SBP’s policy initiatives amid COVID provided stimulus of around Rs 1.6tr: Baqir

The country’s central bank head in the State Bank of Pakistan Annual Report FY20 was of the view that despite numerous challenges during FY20, Pakistan’s economy performed relatively better, particularly on the external and fiscal fronts.

Published 31 Oct, 2020 11:11am

No favorites; just one point agenda in Afghanistan: no future govt can allow India to operate against us: PM

"Pakistan expects evenhanded treatment from the US with respect to India, especially with the dispute in Kashmir," the PM said.

Updated 31 Oct, 2020 12:42pm

Business

US plans to sell 50 F-35 jets to UAE

The UAE, has long expressed its intention in acquiring the stealthy F-35 jets and was promised a chance to buy them in a side deal when it agreed to normalize relations with Israel.

Published 31 Oct, 2020 10:51am

Business

U.S. approves combination of Pfizer's Upjohn and Mylan

The European Union has already approved the proposed transaction.

Published 31 Oct, 2020 10:42am

Pakistan

Pakistani police fire teargas at protesters trying to approach French Embassy

Around 3,000 protesters gathered in Islamabad to demonstrate at the French Embassy against the printing of images depicting the Prophet Muhammad.

Published 31 Oct, 2020 10:35am

Business

Euro zone economy surges in third quarter before expected blow from new lockdowns

Gross domestic product in the 19 countries sharing the euro surged 12.7% quarter-on-quarter in the third quarter after contracting 11.8% in the second, the European Union’s statistics office, Eurostat, said. Economists polled by Reuters had expected a 9.4% quarterly rise.

Published 31 Oct, 2020 10:31am

Business

Nestle buys U.S. meal delivery group Freshly

The purchase marks another deal for Nestle boss Mark Schneider, who has bought and sold around 50 businesses since taking over in 2017.

Published 31 Oct, 2020 10:12am

Technology

Russian, Iranian and other hackers target 2020 U.S. election

Below is a partial list of the publicly reported hacks and disinformation operations blamed on foreign actors in the run-up to next week’s vote.

Published 31 Oct, 2020 10:09am

Business

Chevron, Exxon shrink spending as coronavirus cuts demand

In common with others in the sector, the two are laying off a substantial portion of their workforce and expect to cut costs further as they try to reverse years of weak stock performance, worsened by the impact of movement restrictions.

Published 31 Oct, 2020 10:06am

Perspectives

Why Enhancement in Logistics is Significant for Better Growth of E-Commerce Industry in Pakistan?

The e-commerce industry in Pakistan is proliferating for the last few years while building the trust of the ...

Published 30 Oct, 2020 08:11pm

World

Magnitude 7.0 earthquake rattles Turkey, Greece; buildings collapse

The tremor, about 17km (11 miles) off the coast of western Izmir province, was felt in Athens and Istanbul, the US Geological Survey (USGS) said.

Updated 30 Oct, 2020 07:15pm

Pakistan

Tiger Force gets headquarters at ASTP in Lahore

The Special Assistant to the Prime Minister on Youth Affairs Usman Dar, who is heading the force, will also sit in the ASTP to look after the matters related to it.

Updated 31 Oct, 2020 12:46pm

Technology

SpaceX’s Starlink satellite internet can provide 97.5% coverage in Karachi

The test run for the internet service could cost users up to $99 a month, plus $499 for a setup kit as Elon Musk’s space company pushes to offer fast internet speeds to rural customers with limited options.

Published 30 Oct, 2020 05:33pm

Pakistan

CAA issues new travel advisory amid COVID-19 cases surge in Pakistan

The latest advisory divides international travelers into two categories A – will not need a negative COVID-19 test – and B – will be required to undergo coronavirus screening 96 hours prior to boarding a flight to Pakistan.

Updated 30 Oct, 2020 04:28pm

BR Research

Concessional schemes driving private sector credit

Loans to private sector businesses have continued to decline since December 2019, plateauing around Rs6.14 trillion...

Published 30 Oct, 2020 03:00pm

Pakistan

Govt grants special remission to prisoners on Eid Miladun Nabi

The latest order will not be applicable to the prisoners convicted of culpable homicide and terrorist acts

Published 30 Oct, 2020 02:50pm

If Muslim world does not counter Islamophobia, it will continue to rise: PM

Imran says life of our Prophet Hazrat Muhammad (SAW) is a role model for all of us to follow

Updated 30 Oct, 2020 04:53pm

World

Daily COVID-19 death rates in US to triple by mid-January: Experts warn

As many as 88,521 new infections were reported on October 29 which is 9,540 more cases than Wednesday, according to data from Johns Hopkins University.

Updated 30 Oct, 2020 03:05pm

Pakistan

Shibli Faraz hints at legal action against Ayaz Sadiq over Abhinandan comments

What Ayaz Sadiq said is not forgivable, the minister wrote in a tweet.

Published 30 Oct, 2020 02:37pm

BR Research

Dhaka’s march: The role of private sector investments

The International Monetary Fund’s World Economic Outlook published in October 2020 makes crucial revelations...

Published 30 Oct, 2020 01:55pm

Pakistan summons Indian envoy to protest ceasefire violation at LoC

FO says this year, India has committed 2,580 ceasefire violations to date, resulting in 19 martyrdoms and serious injuries to 199 innocent civilians

Published 30 Oct, 2020 01:24pm

Pakistan

Authorities seal 11 courts after staff, judges test positive for COVID-19

The sealed courts include three courts of additional and sessions judge, the court of a senior civil judge and seven courts of civil judges

Published 30 Oct, 2020 12:45pm

World

Record-breaking early voting in U.S. election tops 80 million

Huge numbers of people have voted by mail or at early in-person polling sites amid concerns the coronavirus could spread at busy Election Day voting places.

Published 30 Oct, 2020 12:33pm

Pakistan

24 dams being constructed in South Balochistan under PSDP, says Mengal

Project engineer says work is underway on dams in Washuk, Awaran and other areas of South Balochistan. Some of the dams will be completed by December 2020 and the rest by June 2021

Published 30 Oct, 2020 12:08pm

Pakistan

Pakistan’s COVID-19 tally crosses 1,000 mark, highest since July

As per the National Command and Operations Centre (NCOC), As many as 1,078 new cases were recorded in the past 24 hours, bringing the country's total to 332,186.

Updated 30 Oct, 2020 12:19pm

Pakistan

NCOC launches Whatsapp number to register COVID-19 SOP violations

As part of the service, people can report any violations like non wearing of mask, non-adherence to social distancing and over-crowding at public places

Published 30 Oct, 2020 11:33am

Eid Miladun Nabi being celebrated with religious zeal across country

The day dawned with 31-gun salute in the federal capital and 21-gun salute in all the provincial capitals while special prayers for the unity of Muslim Ummah

Updated 30 Oct, 2020 11:48am

Pakistan

The Weather

KARACHI: The weather report on Thursday (October 29, 2020) and the forecast for Friday (October 30, 2020)....

Published 30 Oct, 2020 02:54am

Pakistan

Telenor Pakistan bags Network Transformation Award

ISLAMABAD: Telenor Pakistan has bagged the Network Transformation Award for the “USF - Extreme remote coverage...

Published 30 Oct, 2020 02:54am

Pakistan

One in four adults could suffer stroke in lifetime: experts

ISLAMABAD: Experts emphasized the need to raise awareness about stroke risks and prevention in a seminar held at...

Published 30 Oct, 2020 02:54am

World

US plans sales of top-end fighter jets to UAE

WASHINGTON: The United States has agreed to sell top-of-the-line F-35 fighter jets to the United Arab Emirates...

Published 30 Oct, 2020 02:54am

World

US passports to list ‘Israel’ for birth in Jerusalem

WASHINGTON: The United States said Thursday that its citizens born in Jerusalem will be able to list Israel as their...

Published 30 Oct, 2020 02:54am

World

US tests intercontinental ballistic missile

WASHINGTON: The United States said it successfully tested an unarmed Minuteman III intercontinental ballistic ...

Published 30 Oct, 2020 02:54am

World

21 dead in Vietnam typhoon

QUANG NAM, (Vietnam): Twenty-one people have been killed and dozens more were feared dead on Thursday after a ...

Published 30 Oct, 2020 02:54am

World

France, Germany head towards lock down as virus surges in Europe

PARIS: Bars, restaurants and services prepared Thursday to shut down in France and Germany as countries around the...

Updated 30 Oct, 2020 03:17am

World

Airbus flies into red

PARIS: European aircraft maker Airbus said Thursday that one-off charges related to the deep job cuts announced...

Published 30 Oct, 2020 02:54am

Pakistan

LHC seeks reply from govt over corona slogan

LAHORE: The Lahore High Court sought a report from the federal government within a week in a petition challenging...

Published 30 Oct, 2020 02:54am

Pakistan

Ministry, RSIL sign MoU

ISLAMABAD: In order to promote the awareness and understanding of laws and legal obligations for the public,...

Published 30 Oct, 2020 02:54am

Pakistan

FBR, power & gas cos responsible for country’s ‘destruction’: minister

ISLAMABAD: Minister for Narcotics Control Azam Khan Swati Thursday held the Federal Board of Revenue (FBR), power...

Published 30 Oct, 2020 02:54am

Pakistan

VCs demand special Covid package for universities

ISLAMABAD: The vice chancellors of all the public and private universities have requested the government to provide ...

Published 30 Oct, 2020 02:54am

Pakistan

Traffic smoke catalysing smog in Punjab: minister

LAHORE: Traffic smoke is the major cause of the smog in Punjab contributing 43 percent in the environment pollution,...

Published 30 Oct, 2020 02:54am

Pakistan

PNSC Group achieves highest Q1 profit

KARACHI: Despite the challenges posed by COVID-19 pandemic, Pakistan’s economy has started showing signs of...

Published 30 Oct, 2020 02:54am

Pakistan

Cancer cases rise in Pakistan

LAHORE: Pakistan ranks seventh in the world in terms of the number of deaths from breast cancer while it has the...

Published 30 Oct, 2020 02:54am

Pakistan

Smog control: LHC expresses dissatisfaction over govt’s actions

LAHORE: The Lahore High Court on Thursday expressed its dissatisfaction over the government’s actions to control...

Published 30 Oct, 2020 02:54am

Pakistan

PPMA expresses gratitude to PM for considering recommendations

KARACHI: The Pakistan Pharmaceutical Manufacturers’ Association (PPMA) has expressed gratitude to Prime Minister...

Published 30 Oct, 2020 02:54am

Pakistan

CM announces Rs5bn package for affectees of Hafeez Centre fire

LAHORE: Punjab Chief Minister Sardar Usman Buzdar on Thursday announced Rs 5 billion relief package for the ...

Published 30 Oct, 2020 02:54am

Pakistan

Punjab reports 273 fresh Covid-19 cases, 5 deaths

LAHORE: There is slight surge in coronavirus cases, as Punjab has reported 273 new Covid-19 cases and five ...

Updated 30 Oct, 2020 03:17am

Pakistan

HTL bags best corporate report award

KARACHI: HTL is proud to have been declared as one of the top 4 companies at this year’s Best Corporate Report...

Published 30 Oct, 2020 02:54am

Pakistan

Eid Milad-un-Nabi (PBUH): Elaborate security arrangements made for processions

LAHORE: The Punjab police disclosed on Thursday that nearly 60,000 police officers including volunteers would ensure...

Updated 30 Oct, 2020 03:17am

Pakistan

Shallwani gives approval to Covid-19 awareness campaign

KARACHI: Administrator Karachi Iftikhar Ali Shallwani on Thursday gave approval to resolution seeking awareness...

Updated 30 Oct, 2020 03:18am

Pakistan

UBG forms alliance with BBG for FPCCI elections

KARACHI: United Business Group and newly formed National Businessmen Group on Thursday formally announced their...

Published 30 Oct, 2020 02:54am

Pakistan

‘Two large pods of pantropical spotted dolphins sighted in the Pakistani waters’

KARACHI: In a rare occurrence, two large pods of pantropical spotted dolphins were recently sighted in Pakistani...

Updated 30 Oct, 2020 03:19am

Pakistan

Port Qasim Road carpeting: KCCI chief voices concern over massive traffic jam

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) M Shariq Vohra while expressing deep concern...

Updated 30 Oct, 2020 03:19am

Pakistan

Covid-19: Talks on FTA halted owing to pandemic: Indonesia envoy

KARACHI: Consul General of Indonesia Totok Prianamto has said that due to corona virus outbreak deliberation on Free...

Updated 30 Oct, 2020 03:20am

Pakistan

FPSP-III to improve approaches to flood management

KARACHI: Flood Protection Sector Project-III (FPSP-III), to be undertaken across the country will improve...

Updated 30 Oct, 2020 03:20am

Gainers
Losers
Leaders

Stock	Price
Saritow Sp. / Oct 31 Saritow Spinning Mills Limited(SSML)	4.6000 ▲ 0.89 (23.99%)
Drekkar Kingsway / Oct 31 Drekkar Kingsway Limited(DKL)	6.7000 ▲ 0.70 (11.67%)
Hira Tex. / Oct 31 Hira Textile Mills Limited(HIRAT)	3.0500 ▲ 0.30 (9.12%)
Shabbir Tiles / Oct 31 Shabbir Tiles & Ceramics Limited(STCL)	16.1400 ▲ 1.44 (8.84%)
Summit Bank / Oct 31 Summit Bank Limited(SMBL)	1.9000 ▲ 0.15 (8.57%)
Olympia Mills / Oct 31 Olympia Mills Limited(OML)	11.9000 ▲ 0.90 (8.18%)
Kohinoor Ind. / Oct 31 Kohinoor Industries Limited(KOIL)	8.0000 ▲ 0.50 (6.67%)
Dewan Farooq. Spin. / Oct 31 Dewan Farooque Spinning Mills Limited(DFSM)	2.0000 ▲ 0.11 (5.82%)
D.S. Ind. Ltd. / Oct 31 D.S. Industries Limited(DSIL)	2.2900 ▲ 0.09 (4.09%)
Gharibwal Cem. / Oct 31 Gharibwal Cement Limited(GWLC)	31.2000 ▲ 1.18 (3.63%)

Stock	Price
Crescent Star / Oct 31 Crescent Star Insurance Limited(CSIL)	2.7000 ▼ 0.05 (-1.85%)
Pak Rein. / Oct 31 Pakistan Reinsurance Company Limited(PAKRI)	26.2500 ▼ 0.25 (-0.95%)
Ghani Val. Glass / Oct 31 Ghani Value Glass Limited(GVGL)	42.2500 ▼ 1.25 (-0.73%)
Hum Network / Oct 31 Hum Network Limited(HUMNL)	7.4000 ▼ 0.09 (-0.68%)
Descon Oxy. / Oct 31 Descon Oxychem Limited(DOL)	32.0833 ▼ 0.28 (-0.57%)
Cherat Packaging / Oct 31 Cherat Packaging Limited(CPPL)	204.7500 ▼ 1.75 (-0.49%)
Flying Cement Ltd / Oct 31 Flying Cement Company Limited(FLYNG)	10.2400 ▼ 0.09 (-0.49%)
Azgard Nine / Oct 31 Azgard Nine Limited(ANL)	21.0525 ▼ 0.15 (-0.48%)
Habib Bank Ltd. / Oct 31 Habib Bank Limited.(HBL)	131.2000 ▼ 0.95 (-0.40%)
Pak Oxygen / Oct 31 Pakistan Oxygen Limited(PAKOXY)	151.0000 ▼ 0.45 (-0.28%)

Stock	Volume
Unity Foods / Oct 31 Unity Foods Limited(UNITY)	36,191,000 ▼ 0.39
Pak Int.Bulk Ter / Oct 31 Pakistan International Bulk Terminal Limited(PIBTL)	19,376,500 ▼ 0.14
Hascol Petroleum / Oct 31 Hascol Petroleum Limited(HASCOL)	14,087,709 ▼ 0.10
Maple Leaf / Oct 31 Maple Leaf Cement Factory Limited(MLCF)	13,342,354 ▼ 0.58
Shabbir Tiles / Oct 31 Shabbir Tiles & Ceramics Limited(STCL)	12,744,000 ▼ 1.44
Power Cement / Oct 31 Power Cement Limited(POWER)	10,596,500 ▼ 0.08
Pakistan Refinery / Oct 31 Pakistan Refinery Limited(PRL)	8,876,500 ▼ 0.09
TRG Pak. / Oct 31 TRG Pakistan Limited(TRG)	8,275,000 ▼ 0.56
Fauji Cem. / Oct 31 Fauji Cement Company Limited(FCCL)	6,258,500 ▼ 0.20
Kot Addu / Oct 31 Kot Addu Power Company Limited(KAPCO)	5,871,000 ▼ 0.33

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Oct 30	160.25
USD PKR Interbank Buying / Oct 30	160.20
USD to Japanese Yen / Oct 30	104.63
USD to Swiss Franc / Oct 30	0.92
Pound Sterling to USD / Oct 30	1.29
Euro to USD / Oct 30	1.17

Stock	Volume
S&P 500 / Oct 30	3310.11
India Sensex / Oct 30	39749.85
Tokyo Nikkei / Oct 30	23331.94
Nasdaq / Oct 30	11185.59
Hang Seng / Oct 30	24586.60
FTSE 100 / Oct 30	5581.75
Dow Jones / Oct 30	26659.11
Germany DAX 30 / Oct 30	11598.07
France CAC40 / Oct 30	4569.67

Indicator	Value
Weekly Foreign Reserves / Oct 29	19301.60
GDPGROWTH / Oct 29	5.40
Foreign Debt (PKR billions) / Oct 29	15087.50
Per Capita Income USD (CPI) / Oct 29	1516.00
Average CPI % / Oct 29	11.11
UK LIBOR % / Oct 30	0.08

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