Newhome - Business Recorder

Published 29 Mar, 2023 03:17pm

National Assembly panel greenlights bill to curtail CJP’s power

Bill prevents chief justice from taking suo moto notice in individual capacity

Pakistan

Punjab elections delay: Supreme Court resumes hearing

Updated 29 Mar, 2023 02:14pm

Markets

Rupee dips against US dollar, closes at 283.92

Updated 29 Mar, 2023 03:20pm

Pakistan

Remarks on judge: Islamabad court issues Imran’s non-bailable arrest warrant again

Published 29 Mar, 2023 01:19pm

Business & Finance

Experts weigh in as EU removes Pakistan from list of high-risk third countries

Updated 29 Mar, 2023 01:39pm

Markets

UAE says its keen to invest in Pakistan economy

Published 29 Mar, 2023 02:48pm

Pakistan’s ‘friends’: IMF wants commitments fulfilled: PM

Updated 29 Mar, 2023 09:14am

President constitutes NEC

Updated 29 Mar, 2023 09:08am

July 1-March 11: Rs2.6trn borrowed for budgetary support

Updated 29 Mar, 2023 09:07am

HRCP urges govt, Opposition to hold meaningful dialogue

Updated 29 Mar, 2023 09:13am

Govt tables bill in NA to dilute powers of CJP

Updated 29 Mar, 2023 09:09am

Must Read

Editorials

The macroeconomic mismanagement

Opinion

E-commerce and its potential in Pakistan

BR Research

A Hawala Tsunami?

Opinion

The farce of caretaker govts

Editorials

IMF ninth review remains suspended

BR Research

SBP move leaves fintechs baffled

Opinion

The economic malaise

Opinion

There’s need for effective, harmonised ADR mechanism

World

China spent $240 billion bailing out ‘Belt & Road’ countries, study shows

Perspectives

Social media workplace: a level playing field for women?

BR Research

Inverted yield curve and PSX

SBP move leaves fintechs baffled

A Hawala Tsunami?

The economic malaise

The big default? Dozen countries including Pakistan in danger zone

Stop blaming the IMF!

IMF is asking for ‘guarantees at every step’: PM Shehbaz

FBR implements ‘blue channel facility’

High Risk Third Countries: EU Commission removes Pakistan from ‘list’

Jul-Feb repatriation of profit, dividend plunge 80pc YoY: Import curbs hurt investors in equal measure

Stop blaming the IMF!

SBP move leaves fintechs baffled

The big default? Dozen countries including Pakistan in danger zone

CPEC IPPs: EPTL threatens to shut down plant

The economic malaise

IMF is asking for ‘guarantees at every step’: PM Shehbaz

A Hawala Tsunami?

Dar looks with hopeful eyes to country’s friends

High Risk Third Countries: EU Commission removes Pakistan from ‘list’

Stop blaming the IMF!

SBP move leaves fintechs baffled

‘Pakistan is running out of time,’ warns PBC as IMF programme hangs in balance

Petrol subsidy to bikers: two options under study

The big default? Dozen countries including Pakistan in danger zone

Interview with Shahzad Saleem – Chairman, Nishat Chunian Group

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

Economic assistance: Confirmation from friendly states likely in a few days: minister

Stock	Price
Pak Gen.Ins. / Mar 29 The Pakistan General Insurance Co. Ltd.(PKGI)	4.42 ▲ 0.62 (16.32%)
Popular Islamic / Mar 29 Popular Islamic Modaraba(PIM)	8.15 ▲ 1.00 (13.99%)
KASB Modaraba / Mar 29 KASB Modaraba(KASBM)	1.24 ▲ 0.15 (13.76%)
Invest Bank / Mar 29 Invest Capital Investment Bank Limited(ICIBL)	1.19 ▲ 0.10 (9.17%)
Khyber Tex. / Mar 29 Khyber Textile Mills Limited(KHYT)	369.70 ▲ 25.79 (7.50%)
J.K.Spinning / Mar 29 J.K. Spinning Mills Limited(JKSM)	43.32 ▲ 3.02 (7.49%)
Khairpur / Mar 29 Khairpur Sugar Mills Limited(KPUS)	67.61 ▲ 4.71 (7.49%)
Quetta Textile / Mar 29 Quetta Textile Mills Limited(QUET)	15.22 ▲ 1.06 (7.49%)
Zahid Jee Textile / Mar 29 Zahidjee Textile Mills Limited(ZAHID)	26.87 ▲ 1.87 (7.48%)
Shield Corp. / Mar 29 Shield Corporation Limited(SCL)	304 ▲ 20.89 (7.38%)

Stock	Price
Pak. P.V.C. / Mar 29 Pakistan PVC Limited(PPVC)	3.91 ▼ -0.99 (-20.20%)
First Pak Mod. / Mar 29 First Pak Modaraba(PAKMI)	1.20 ▼ -0.20 (-14.29%)
Bilal Fibres / Mar 29 Bilal Fibres Limited(BILF)	2.15 ▼ -0.29 (-11.89%)
Unicap Modaraba / Mar 29 Unicap Modaraba(UCAPM)	1.61 ▼ -0.19 (-10.56%)
U.D.L.Modaraba / Mar 29 First UDL Modaraba(FUDLM)	4.71 ▼ -0.49 (-9.42%)
Media Times Ltd / Mar 29 Media Times Limited(MDTL)	1.82 ▼ -0.16 (-8.08%)
Ghazi Fabrics / Mar 29 Ghazi Fabrics International Limited(GFIL)	4.07 ▼ -0.34 (-7.71%)
Saritow Spinning / Mar 29 Saritow Spinning Mills Limited(SSML)	4.03 ▼ -0.33 (-7.57%)
Metro Steel / Mar 29 Metropolitan Steel Corporation Limited(MSCL)	27.39 ▼ -2.22 (-7.50%)
Nimir Ind.Chem. / Mar 29 Nimir Industrial Chemicals Limited(NICL)	57.77 ▼ -4.68 (-7.49%)

Stock	Volume
Telecard Limited / Mar 29 Telecard Limited(TELE)	23,781,500 ▼ -0.33
WorldCall Telecom / Mar 29 Worldcall Telecom Limited(WTL)	9,342,048 ▼ -0.02
Pakistan Alumin / Mar 29 Pakistan Aluminium Beverage Cans Limited(PABC)	7,635,500 ▼ -2.29
Pak Int.Bulk / Mar 29 Pakistan International Bulk Terminal(PIBTL)	5,999,500 ▼ -0.17
Nishat Mills Ltd / Mar 29 Nishat Mills Limited(NML)	4,517,772 ▼ -0.92
Shifa Int.Hosp / Mar 29 Shifa International Hospitals Limited(SHFA)	4,299,000 ▲ 8.00
Pak Elektron / Mar 29 Pak Elektron Limited(PAEL)	4,048,000 ▼ -0.07
K-Electric Ltd. / Mar 29 K-Electric Limited(KEL)	3,769,542 ▼ -0.02
Habib Bank / Mar 29 Habib Bank Limited(HBL)	3,527,993 ▼ -1.26
D.G.K.Cement / Mar 29 D.G. Khan Cement Company Limited(DGKC)	3,430,473 ▼ -0.07

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 29	284
USD PKR Interbank Buying / Mar 29	283.40
USD to Japanese Yen / Mar 29	131.67
USD to Swiss Franc / Mar 29	0.92
Pound Sterling to USD / Mar 29	1.23
Euro to USD / Mar 29	1.08
UK LIBOR % / Mar 28	4.81

Stock	Volume
S&P 500 / Mar 28	3971.27
Nasdaq / Mar 28	11716.08
Dow Jones / Mar 28	32394.25
India Sensex / Mar 29	57772.50
Tokyo Nikkei / Mar 29	27883.78
Hang Seng / Mar 29	20191.68
FTSE 100 / Mar 29	7506.30
Germany DAX 30 / Mar 29	15242.54
France CAC40 / Mar 29	7139.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 28	18935
Gold 10 Grams PKR / Mar 28	175411
Crude Oil USD/Barrel / Mar 29	73.63
Gold Spot USD/Ounce / Mar 29	1966.74
Cotton US¢/pound / Mar 29	82

Business & Finance

UAE says its keen to invest in Pakistan economy

Ambassador of the UAE to Pakistan expressed interest in augmenting and furthering investment in various sectors

Published 29 Mar, 2023 02:48pm

BR Research

A Hawala Tsunami?

A couple of months back, when the SBP Governor visited the FPCCI office in Karachi, the traders and industrialists...

Published 29 Mar, 2023 08:55am

Experts weigh in as EU removes Pakistan from list of high-risk third countries

Analysts say development will not have immediate impact but could benefit Pakistan in the long-term

Updated 29 Mar, 2023 01:39pm

Taxes

Public complaints, taxpayers’ cases: FTO concerned at FBR’s attitude

ISLAMABAD: Federal Tax Ombudsman (FTO) has expressed grave concern over the cold blooded attitude of the Federal... Published 29 Mar, 2023 06:27am

BR Research

The narrowing path

It seems that things are increasingly getting out of control vis-à-vis the economy and politics, even as the state...

Published 29 Mar, 2023 08:53am

Currency

Rupee dips against US dollar, closes at 283.92

Currency depreciates 0.13% in interbank market

Updated 29 Mar, 2023 03:20pm

Import of items: Telecom operators demand 5G with free spectrum, zero taxes for 5 yrs

ISLAMABAD: Telecom operators have demanded 5G with a free spectrum for five years and zero taxes on the import of... Published 29 Mar, 2023 06:27am

PCJCCI chief underscores need for promoting online business

LAHORE: Pakistan can bring a revolution in online business with the help of Chinese companies already working in the... Published 29 Mar, 2023 06:27am

Finance Bill: Govt has failed to incentivize IT, ITeS exports: [email protected]

ISLAMABAD: Muhammad Zohaib Khan, chairman Pakistan Software Houses Association ([email protected]), has apprised that the ... Published 29 Mar, 2023 06:27am

Companies

Lufthansa CEO says final talks with ITA Airways focused on price

BRUSSELS: Lufthansa’s final negotiations for the takeover of ITA Airways are focused on price given ongoing losses,... Published 29 Mar, 2023 03:11pm

BR Research

Inclusive growth and the IMF

Grappling with multiple issues like economic meltdown, climate change and social unrest amid the long lasting impact...

Published 29 Mar, 2023 08:50am

BR Research

Balochistan Glass Limited

Balochistan Glass Limited (PSX: BGL) was incorporated in Pakistan as a public limited company in 1980. The company...

Published 29 Mar, 2023 08:47am

BR Research

Inverted yield curve and PSX

Historic low earnings multiples have not been enough to overturn the fortunes at the Pakistan Stock Exchange’s...

Published 28 Mar, 2023 08:58am

BR Research

SBP move leaves fintechs baffled

SBP has recently made some changes in the fee and cost structure of payments associated with cards (debit and...

Published 28 Mar, 2023 08:56am

Pakistan

National Assembly panel greenlights bill to curtail CJP’s power

Bill prevents chief justice from taking suo moto notice in individual capacity

Published 29 Mar, 2023 03:17pm

Remarks on judge: Islamabad court issues Imran’s non-bailable arrest warrant again

Orders authorities to produce PTI chief before court on April 18

Published 29 Mar, 2023 01:19pm

Unrequired suo motu taken in political matters: PBC

ISLAMABAD: The Pakistan Bar Council (PBC) said it always demanded that the superior courts should never indulge in... Published 29 Mar, 2023 06:27am

Punjab elections delay: Supreme Court resumes hearing

Five-member bench is conducting hearing related to PTI's petition against ECP for delaying polls

Updated 29 Mar, 2023 02:14pm

Pakistan won’t attend US-convened ‘Democracy Summit’

ISLAMABAD: Pakistan on Tuesday decided to skip the US-convened Democracy Summit taking place in Washington this ... Published 29 Mar, 2023 06:27am

Pakistanis accused of planning attack on Israelis held

ATHENS: Greek authorities said Tuesday they dismantled a “terrorist” network and reported the arrest of two... Published 29 Mar, 2023 06:27am

World

Riyadh joins Shanghai Cooperation Organization as ties with Beijing grow

RIYADH: Saudi Arabia’s cabinet approved on Wednesday a decision to join the Shanghai Cooperation Organization, as... Published 29 Mar, 2023 11:26am

Europe

IAEA chief to visit Ukraine nuclear plant

KYIV: The UN atomic watchdog chief is expected on Wednesday to visit Ukraine’s Zaporizhzhia nuclear power plant,... Published 29 Mar, 2023 12:36pm

Europe

Zelenskiy invites Xi to visit Ukraine

Ukrainian President Volodymyr Zelenskiy has extended an invitation to Chinese President Xi Jinping to visit, the... Published 29 Mar, 2023 12:07pm

Europe

Russia in talks with India to develop Northern Sea shipping route

Russia and India are looking at expanding the use of the Northern Sea shipping route that passes through the Artic... Published 29 Mar, 2023 09:59am

South Asia

Founder of Afghan girls’ school project arrested in Kabul: UN

KABUL: The founder of a project that campaigned for girls’ education in Afghanistan has been detained by Taliban... Published 28 Mar, 2023 01:10pm

Editorials

The macroeconomic mismanagement

EDITORIAL: There is mounting evidence of macroeconomic mismanagement coupled with a failure to proactively formulate...

Gwadar needs attention

EDITORIAL: The port city of Gwadar remains tense following crackdown on the Haq Do Tehreek (HDT — give rights...

A little-noticed public health threat

EDITORIAL: The statistics about the incidence of tuberculosis (TB) are startlingly worrisome. According to the World...

IMF ninth review remains suspended

EDITORIAL: A press release notes that the Federal Finance Minister Ishaq Dar as chief guest at an iftar dinner...

Sharp decline in cotton production

EDITORIAL: While it is not really surprising that Pakistan’s per acre cotton production has dropped to half the...

Opinion

E-commerce and its potential in Pakistan

Dr Muhammad Zeshan

The year 2023 could see Pakistan’s e-commerce market reach a revenue of US$6.4 billion, growing annually at 6.23...

The farce of caretaker govts

Muhammad Waqar Rana

The preamble to the constitution and the Objectives Resolution (1949) clearly mandate that state shall exercise its...

PARTLY FACETIOUS: Spoils can be real spoiler sometimes

Anjum Ibrahim

“I was on the Constitution Avenue in Islamabad and I saw….” “Which other city would you expect Constitution...

The economic malaise

Dr Hafiz A Pasha

Pakistan today faces the worst financial crisis in its 75-year history. This is attributable to both long-term ...

‘The economic malaise’

This is apropos a Business Recorder op-ed ‘The economic malaise’ carried by the newspaper yesterday. Dr Hafiz...

Perspectives

Social media workplace: a level playing field for women?

Khadija Husain

The advent of social media as the new workplace is one of the revolutionary ways the web has transformed the world...

Fuel subsidy: an unwanted gift?

Ali Ahmed

The ongoing saga of Pakistan’s economic crisis continues to take sharp twists and turns each passing day as the...

Inevitable rise of AI: opportunity more than a threat

Omar Qureshi

As technology hits new peaks every day, it is becoming increasingly difficult not to incorporate it in our daily lives

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