Newhome - Business Recorder

Updated 26 May, 2022 07:07pm

Elections Amendment Bill 2022 to ensure fair elections: PM Shehbaz

Bill scraps electronic voting in elections, restrains overseas Pakistanis from participating in polls

Markets

Pakistan eyes 'most favourable' LNG agreement with countries including Russia

Updated 26 May, 2022 06:51pm

Pakistan

NA okays Election Act amendment that seeks to scrap electronic voting

Updated 26 May, 2022 05:45pm

Markets

KSE-100 gains 1.26% even as IMF programme remains stalled

Updated 26 May, 2022 05:40pm

Markets

Against USD: Rupee recovers from intra-day low, closes marginally weaker at 202.01

Updated 26 May, 2022 06:23pm

Markets

Alibaba beats revenue estimates on demand for niche China shopping services

Published 26 May, 2022 06:27pm

Sports

Asia Cup: India dashes Pakistan's World Cup hopes with a 16-0 win over Indonesia

Published 26 May, 2022 07:47pm

Pakistan

Imran Khan will return with four million people if elections not announced: Babar Awan

Updated 26 May, 2022 06:18pm

Pakistan

SC rejects govt’s contempt of court petition against Imran Khan

Updated 26 May, 2022 12:39pm

Pakistan

Maryam says PTI workers resorted to vandalism after Supreme Court's order

Published 26 May, 2022 06:26pm

Pakistan

Govt committed to reviving IMF programme, says Miftah after talks end

Published 26 May, 2022 10:46am

Must Read

Editorials

The IMF shock amid royal benevolence

Business & Finance

Road blockades cost kitty Rs100bn-150bn per day: economists

BR Research

Lazy banking or lazy customers?

BR Research

INDU: Safe passage

Opinion

A programme for economic prosperity

Opinion

Circling the drain

Editorials

An MPS amid growing economic distress

BR Research

Performance of major crops under PTI govt

Opinion

How to avert economic collapse

Opinion

A fiscal quagmire: genesis

Business & Finance

Indus Motor to launch its first locally-assembled HEV SUV next year

Authorities seize chocolates from passenger at Jinnah International Airport, Karachi

Ministry stops PSEs from depositing funds in private banks

A fiscal quagmire: genesis

How to avert economic collapse

Stalled IMF programme: Govt fails to successfully persuade IMF

Indus Motor to launch its first locally-assembled HEV SUV next year

Performance of major crops under PTI govt

Call elections: Imran gives six-day deadline to government

Saudi Arabia finalising extension of $3bn deposit to Pakistan: Saudi Minister of Finance

Authorities seize chocolates from passenger at Jinnah International Airport, Karachi

Govt still clueless

World Bank’s RISE-II: Pakistan told it can lose funding if prior actions not completed

SBP raises key interest rate by 150 basis points, takes it to 13.75%

Ministry stops PSEs from depositing funds in private banks

Stalled IMF programme: Govt fails to successfully persuade IMF

Over $13bn debt incurred in 10 months: EAD

CPEC under renewed Sino-Pak focus

A fiscal quagmire: genesis

Authorities seize chocolates from passenger at Jinnah International Airport, Karachi

Canadian restaurant giant Tim Hortons coming to Pakistan

Pakistan’s projected USD cash flows: an accountant’s perspective

‘Emergency economic plan’ unveiled

Won’t be long before default is on the table

Govt seeks more SDRs from IMF to propel economy

World Bank’s RISE-II: Pakistan told it can lose funding if prior actions not completed

SBP raises key interest rate by 150 basis points, takes it to 13.75%

Ministry stops PSEs from depositing funds in private banks

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 26 Grays Leasing Limited(GRYL)	3.65 ▲ 0.95 (35.19%)
Premier Ins. / May 26 Premier Insurance Limited(PINL)	4.75 ▲ 1.00 (26.67%)
SME Leasing Ltd / May 26 SME Leasing Limited(SLL)	2.45 ▲ 0.40 (19.51%)
Gammon Pak / May 26 Gammon Pakistan Limited(GAMON)	6.66 ▲ 1.00 (17.67%)
Ghazi Fabrics / May 26 Ghazi Fabrics International Limited(GFIL)	6.30 ▲ 0.80 (14.55%)
Nazir Cotton Mills / May 26 Nazir Cotton Mills Limited(NCML)	5.85 ▲ 0.69 (13.37%)
Chakwal Spinning / May 26 Chakwal Spinning Mills Limited(CWSM)	2.00 ▲ 0.20 (11.11%)
Shaheen Ins. / May 26 Shaheen Insurance Company Limited(SHNI)	3.55 ▲ 0.35 (10.94%)
Media Times Ltd / May 26 Media Times Limited(MDTL)	1.98 ▲ 0.17 (9.39%)
Zephyr Textile / May 26 Zephyr Textiles Limited(ZTL)	11.48 ▲ 0.98 (9.33%)

Stock	Price
Punjab Mod / May 26 First Punjab Modaraba(FPJM)	1.70 ▲ -0.19 (-10.05%)
Trust Mod. / May 26 Trust Modaraba(TRSM)	1.51 ▲ -0.15 (-9.04%)
Huffaz Seamless / May 26 Huffaz Seamless Pipe Industries Limited(HSPI)	10.21 ▲ -1.00 (-8.92%)
First Pak Mod. / May 26 First Pak Modaraba(PAKMI)	2.40 ▲ -0.21 (-8.05%)
K.S.B.Pumps / May 26 KSB Pumps Company Limited(KSBP)	110.90 ▲ -8.99 (-7.50%)
Shams Textile / May 26 Shams Textile Mills Limited(STML)	55.43 ▲ -4.49 (-7.49%)
Bal. Wheel / May 26 Baluchistan Wheels Limited(BWHL)	78.64 ▲ -6.36 (-7.48%)
Imperial Limited / May 26 Imperial Limited(IML)	14.30 ▲ -1.15 (-7.44%)
Universal Network / May 26 Universal Network Systems Limited(GEMUNSL)	51.75 ▲ -4.15 (-7.42%)
EFG Hermes Pak / May 26 EFG Hermes Pakistan Limited(EFGH)	16.10 ▲ -1.28 (-7.36%)

Stock	Volume
Pak Refinery / May 26 Pakistan Refinery Limited(PRL)	35,646,724 ▼ 0.00
Cnergyico PK / May 26 Cnergyico PK Limited(CNERGY)	19,634,624 ▼ 0.00
Telecard Limited / May 26 Telecard Limited(TELE)	18,414,500 ▼ 0.00
Ghani Glo Hol / May 26 Ghani Global Holdings Limited(GGL)	17,582,929 ▼ 0.00
TPL Properties / May 26 TPL Properties Limited(TPLP)	16,753,479 ▼ 0.00
WorldCall Telecom / May 26 Worldcall Telecom Limited(WTL)	16,005,500 ▼ 0.00
Silk Bank Ltd / May 26 Silkbank Limited(SILK)	13,074,500 ▼ 0.00
P.T.C.L. / May 26 Pakistan Telecommunication Company Ltd(PTC)	12,947,000 ▼ 0.00
Fauji Foods Ltd / May 26 Fauji Foods Limited(FFL)	12,047,000 ▼ 0.00
TRG Pak Ltd / May 26 TRG Pakistan Limited(TRG)	9,254,282 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 25	201.80
USD PKR Interbank Buying / May 25	201.30
USD to Japanese Yen / May 25	127.41
USD to Swiss Franc / May 25	0.96
Pound Sterling to USD / May 25	1.26
Euro to USD / May 25	1.07
UK LIBOR % / May 25	0.82

Stock	Volume
S&P 500 / May 25	3978.73
India Sensex / May 25	53749.26
Tokyo Nikkei / May 25	26653.80
Nasdaq / May 25	11434.74
Hang Seng / May 25	19952.81
FTSE 100 / May 25	7522.75
Dow Jones / May 25	32120.28
Germany DAX 30 / May 25	14007.93
France CAC40 / May 25	6298.64

Item	Value
Crude Oil USD/Barrel / May 25	110.44
Karachi Cotton PKR/37.32 KG / May 25	21180.00
Gold 10 Grams PKR / May 25	120700.00
Gold Spot USD/Ounce / May 25	1849.73
Cotton US¢/pound / May 25	122.20

Business & Finance

Energy

Pakistan eyes 'most favourable' LNG agreement with countries including Russia

Ministry of Energy's statement comes as country continues to battle an energy shortage

Updated 26 May, 2022 06:51pm

BR Research

Lazy banking or lazy customers?

Interest rates have been jacked up by the central bank once again. This is fourth major installment of increase in...

Published 26 May, 2022 08:37am

Currency

Against USD: Rupee recovers from intra-day low, closes marginally weaker at 202.01

This is the currency's 16th successive fall in the inter-bank market

Updated 26 May, 2022 06:23pm

Stocks

KSE-100 gains 1.26% even as IMF programme remains stalled

Market sentiment turns positive after PTI decides to call off long march

Updated 26 May, 2022 05:40pm

BR Research

Mobile broadband space

After hitting the 100-millon mark last June, the mobile broadband subscriptions (3G and 4G) continued their growth...

Published 26 May, 2022 08:32am

Business & Economy

Govt committed to reviving IMF programme, says Miftah after talks end

Finance minister says IMF team emphasised the importance of rolling back fuel and power subsidies

Published 26 May, 2022 10:46am

Road blockades cost kitty Rs100bn-150bn per day: economists

ISLAMABAD: The estimated loss to the national economy is around Rs100-150 billion per day on account of country-wide... Published 26 May, 2022 05:26am

Bilawal says $6bn IMF deal is ‘outdated’

DAVOS: An ongoing bailout deal between Pakistan and the International Monetary Fund (IMF) is “outdated” given a... Published 26 May, 2022 06:24am

Injection of Rs1.4bn in HBL Asset Management Co approved

KARACHI: Habib Bank Limited (HBL) has received the approval from State Bank of Pakistan (SBP) on its proposal for... Published 26 May, 2022 06:19am

Address to Sindh investment moot in Davos: Murad identifies areas of investment in Sindh

DAVOS: Sindh Chief Minister Syed Murad Ali Shah has said that the potential projects for investment in the province... Published 26 May, 2022 06:19am

BR Research

INDU: Safe passage

A few months ago, management at Indus Motors (PSX: INDU) believed demand within the automobile industry would...

Published 26 May, 2022 08:30am

BR Research

The Searle Company Limited

The Searle Company Limited (PSX: SEARL) was established in 1965 as a private limited company. It was converted into ...

Published 26 May, 2022 08:17am

BR Research

FDI sorrows

The news is abuzz with India reporting highest ever foreign direct investment of $83.57 billion for 2022. On the...

Published 25 May, 2022 08:33am

BR Research

Performance of major crops under PTI govt

Pakistan’s crop output is reported to have staged a comeback in the now closing FY22. According to Federal...

Published 25 May, 2022 08:28am

Pakistan

Maryam says PTI workers resorted to vandalism after Supreme Court's order

Impossible Imran Khan was unaware of the court's decision, PML-N Vice-president says

Published 26 May, 2022 06:26pm

No-confidence motion against Baloch CM Abdul Quddus Bizenjo fails

Only 11 members voted in favor of the motion

Published 26 May, 2022 06:33pm

Imran Khan will return with four million people if elections not announced: Babar Awan

PTI leader says the party never undermined country's law and Constitution

Updated 26 May, 2022 06:18pm

Elections Amendment Bill 2022 to ensure fair elections: PM Shehbaz

Bill scraps electronic voting in elections, restrains overseas Pakistanis from participating in polls

Updated 26 May, 2022 07:07pm

PM Shehbaz lauds law enforcement agencies' role in PTI's long march

PM visits Red Zone after Imran Khan called off protest

Updated 26 May, 2022 05:45pm

NA okays Election Act amendment that seeks to scrap electronic voting

Elections Amendment Bill 2022 also intends to restrain expats from voting

Updated 26 May, 2022 05:45pm

World

USA

Blinken to call for China to adhere to rules

WASHINGTON: US Secretary of State Antony Blinken will call for China to abide by international rules as he delivers... Published 26 May, 2022 03:37pm

Europe

Back to snow: World Economic Forum reverts to January for 2023

DAVOS: The World Economic Forum will revert to January for its 2023 annual meeting in the Swiss ski resort of Davos... Published 26 May, 2022 05:36pm

Europe

Ukraine says war in east at ‘maximum intensity’

KYIV: Ukraine said Thursday that fighting in the eastern Donbas region of the country had reached its fiercest level... Published 26 May, 2022 06:49pm

Europe

Russian shelling kills four in Ukraine’s Kharkiv

KYIV: Four people were killed in fresh Russian shelling of Ukraine’s second city Kharkiv, a regional official said... Published 26 May, 2022 06:46pm

South Asia

IMF says Sri Lanka aid contingent on debt sustainability

WASHINGTON: The IMF said Thursday it is committed to helping crisis-battered Sri Lanka, but any aid program will be... Published 26 May, 2022 08:30pm

Editorials

The IMF shock amid royal benevolence

EDITORIAL: Saudi Arabia’s Minister of Finance Mohammad al-Jadaan, on the sidelines of World Economic Forum being...

The demons of forest fires

EDITORIAL: Trees take in carbon dioxide (CO2) from the polluted air and produce oxygen, and thus act as a weapon to...

An MPS amid growing economic distress

EDITORIAL: The Monetary Policy Committee (MPC) met on 23 May as earlier scheduled under the chairmanship of Acting...

Political strife deepens

EDITORIAL: Imran Khan has finally announced that his much-hyped “Haqiqi Azadi March’ (real freedom march) ...

Upcoming budget 2022-23

EDITORIAL: Tenth of June has been earmarked for the presentation of the budget in parliament with political and the...

Opinion

A programme for economic prosperity

Arthur B Laffer, PhD

The answer to Pakistan’s dilemma must rely almost exclusively on the intrinsic resources and the people of...

Circling the drain

Shahab Jafry

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) couldn’t be serious that the “business,...

Reforming tax system

Muhammad Sheroz Khan Lodhi

Tax reform is a policy implementation by the government through which a few alterations are made to the tax system ...

PARTLY FACETIOUS: Opposite of spiritual is not political

Anjum Ibrahim

“The Khan said he trusts people too quickly and that’s his failing and his mum told him that…and need I point...

‘The long and the short of it’

Haris Bashir

This is apropos a Business Recorder op-ed “The long and the short of it” carried by the newspaper on Tuesday. ...

Perspectives

Russia-Ukraine: a war that desperately needs to end

S. M. Hali

It has been three months since the outset of the Russia-Ukraine war. Before examining possible scenarios of ...

A worsening climate crisis and its gatekeepers

Faiza Virani

The Global Climate Risk Index 2021 ranks Pakistan number 8 on the list of most susceptible countries

Adapting to virtual

Rahat Zaidi

There are tons of areas where we are leveraging virtualization to make our lives better

After Pakistan's defeat, four teams to qualify for the semi-finals are India, Japan, Malaysia, and South Korea

Published 26 May, 2022 07:47pm

Sports

France’s Jeanjean in the limelight with Pliskova win in Paris

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