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Business & Economy

Business & Economy

Seafood of $183.451mn, meat $105.690mn exported in 6 months

ISLAMABAD: Fish and fish preparations worth of $183.

Published 30 Jan, 2017 10:02am

Business & Economy

Pak Kinnow week in Jeddah from Feb 2

ISLAMABAD: Commercial Section of the Consulate General of Pakistan, Jeddah is organizing a 8-days citrus promotional campaign from Feb 2 at Manuel Supermarket which would include in-store promotion and display of citrus.

Published 30 Jan, 2017 08:24am

Business & Economy

Pak exports to European Union up 37pc

ISLAMABAD: Pakistan's exports to the European Union (EU) soared 37 percent during the last three years on the back of generalised scheme of preferences (GSP) plus status, the Commerce Minister has revealed.

Published 30 Jan, 2017 08:17am

Business & Economy

FBR GETS NO RESPONSE FROM ANY TAX HAVEN

SOHAIL SARFRAZ%D%AISLAMABAD: The Federal Board of Revenue (FBR) has not received any response from nine foreign jurisdictions/tax havens about those having offshore companies/entities in Panama and the Bahamas.

Published 30 Jan, 2017 06:47am

Business & Economy

SPI-based inflation up by 0.16pc

ISLAMABAD: The weekly inflation for the week ended on January 26 for the combined income group increased by 0.

Published 28 Jan, 2017 01:38pm

Business & Economy

Gwadar, Chabahar ports: Pakistan, Iran agree to expand cooperation: Boroujerdi

ALI HUSSAIN%D%AISLAMABAD: Chairman for the Committee for Foreign Policy and National Security of Iran, Allauddin Boroujerdi on Friday said that Pakistan and Iran have agreed to expand co-operation between Gwadar and Chabahar ports with a view to connect t

Published 28 Jan, 2017 07:50am

Business & Economy

FBR refuses to share audit parameters

RECORDER REPORT%D%AISLAMABAD:Federal Board of Revenue (FBR) has refused to share risk-based parameters used for selection of cases for audit (Tax Year 2015) under a new audit policy and stated that parameters were declared confidential through an amendmen

Published 28 Jan, 2017 07:00am

Business & Economy

Wheat exports post 100pc increase in first half

ISLAMABAD: Wheat exports from the country during first six months of current financial year witnessed 100 percent increase as compared to the exports of the corresponding period of last financial year.

Published 27 Jan, 2017 08:16am

Business & Economy

Steps being taken to surpass 330,000 tons Kinnow exports

ISLAMABAD: Minister for National Food Security and Research, Sikandar Hayat Khan Bosan on Thursday said steps were being taken to surpass last year's kinnow exports of around 330,000 tons.

Published 26 Jan, 2017 10:20am

Business & Economy

Momentum Tech Conference: Where ideas meet investment

Looking to launch your startup, raise money and learn about starting a company? Then Momentum Pakistan is the place for you! The 2-day startup conference and exhibition is a must-attend for iconoclastic doers from around Pakistan who share a common intere

Published 26 Jan, 2017 09:38am

Business & Economy

901 cases of tax evasion, frauds involving Rs 53 billion detected

RECORDER REPORT%D%AISLAMABAD: Directorate General of Intelligence and Investigation Inland Revenue (IR), Federal Board of Revenue (FBR) has detected 901 mega cases of tax evasion, concealment/tax frauds and cases of high net individuals involving Rs 53 bi

Published 26 Jan, 2017 07:13am

Business & Economy

Pakistan for increased cooperation with Japan; talks on FTA

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Wednesday said Pakistan is looking forward to greater levels of cooperation with Japan in trade, investment, infrastructure and energy and called for initiation of negotiations on the bilateral Free Trade Ag

Published 25 Jan, 2017 12:39pm

Business & Economy

Fruits, vegetables $258.336mn exported in six months

ISLAMABAD: Fruit exports from the country during first six months of current financial year increased by 10.

Published 25 Jan, 2017 10:43am

Business & Economy

SECP raises the alarm about stock market surge

SOHAIL SARFRAZ%D%AISLAMABAD: As the stock market crossed 50,000-point level during the trading activity on Tuesday, Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi has warned the investors and general pubic to remain cautious a

Published 25 Jan, 2017 06:56am

Business & Economy

Pakistan's economic reforms strategic, sustainable: WB

ISLAMABAD: The World Bank (WB) Tuesday termed Pakistan's economic reforms as strategic, relevant and sustainable.

Published 24 Jan, 2017 05:00pm

Business & Economy

Khurram briefs EU parliamentarians on improvements in Pakistan Trade Regime

ISLAMABAD: Federal Minister for Commerce, Engr.

Published 24 Jan, 2017 04:58pm

Business & Economy

Urea export allowed by ECC

ZAHEER ABBASI%D%AISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed the export of 0.

Published 24 Jan, 2017 06:53am

Business & Economy

Pakistan to promote country's products in EU market: Khurram

ISLAMABAD: Federal Minister for Commerce Engineer Khurram Dastgir Khan Monday expressed the resolve to meet head on challenges faced by Pakistan in European markets vigorously to promote country's products.

Published 23 Jan, 2017 03:25pm

Business & Economy

Seven new modern locomotives reach Karachi port

ISLAMABAD: The consignment of seven new modern locomotives out of 55 from United State of America (USA) have reached at Karachi Port.

Published 23 Jan, 2017 08:50am

Business & Economy

Pakistan, Thailand fail to reach deal on TRMs

MUSHTAQ GHUMMAN%D%AISLAMABAD: Pakistan and Thailand have reportedly failed to reach an agreement on Tariff Reduction Modalities (TRMs) for the proposed Free Trade Agreement (PATHFTA), well informed sources told Business Recorder.

Published 23 Jan, 2017 07:28am

Business & Economy

Dar sees five percent growth rate by fiscal year 2017-end

RECORDER REPORT%D%AKARACHI: Finance Minister Ishaq Dar Friday said with the government's positive measures all major microeconomic indicators are moving in the right direction and the country's economy will post a 5 percent GDP rate by the end of

Published 21 Jan, 2017 07:16am

Business & Economy

Pakistan, Turkey sixth round talks on FTA to be held in coming week

ISLAMABAD: Pakistan and Turkey's sixth round of the negotiations on Free Trade Agreement (FTA) would be held through digital video meeting in coming week.

Published 20 Jan, 2017 10:05am

Business & Economy

Pakistan to further strengthen partnership with WB: Dar

ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar Thursday said Pakistan looked forward to further strengthen development partnership with the World Bank (WB).

Published 19 Jan, 2017 01:21pm

Business & Economy

Chinese delegation spends busy day at PSX

KARACHI: Chinese delegation spent busy day at Pakistan Stock Exchange (PSX) here on Thursday to streamline the things for taking the exchange to its goals.

Published 19 Jan, 2017 09:49am

Business & Economy

American companies determined to invest in Pakistan

ISLAMABAD: Over 78 percent of US investors has said that they plan to invest in Pakistan over the next 12 months in light of improving law and order situation, among other factors.

Published 18 Jan, 2017 11:11am

Business & Economy

FDI reaches $1.08bn in 1st half

ISLAMABAD: Foreign Direct Investment (FDI) during the first half of the current fiscal year increased by 10.

Published 17 Jan, 2017 01:09pm

Business & Economy

Pakistan among fastest growing e-commerce markets: eBay CEO

ISLAMABAD: Chief Executive Officer of eBay, an American Inc and e-commerce company, has termed Pakistan among the fastest growing e-commerce markets in the world.

Published 17 Jan, 2017 01:05pm

Business & Economy

Govt charging zero sales tax on Light Diesel, Kerosene oil: Dar

ISLAMABAD: Minister for Finance, Revenue and Economic Affairs, Muhammad Ishaq Dar on Monday said the government is charging zero sales tax on light diesel oil and kerosene oil to provide relief to poor consumers.

Published 16 Jan, 2017 03:06pm

Business & Economy

Platts launches Middle East LNG price marker as region's demand grows

SINGAPORE: Commodity pricing agency S&P Global Platts will begin assessing prices for liquefied natural gas (LNG) delivered to the Middle East and Pakistan, reflecting growing imports into a region better known as an exporter, the company said on Monday.

Published 16 Jan, 2017 08:33am

Business & Economy

Dar reviews FBR's 6-month performance

ISLAMABAD: Minister for Finance, Senator Mohammad Ishaq Dar Friday chaired a meeting to review the six-month performance of Federal Board of Revenue (FBR) for the period July- December of the financial year 2016-17.

Published 13 Jan, 2017 06:47pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.59
USD PKR Interbank Buying / Apr 24	278.39
USD to Japanese Yen / Apr 24	155.21
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.25
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
India Sensex / Apr 24	73852.94
Tokyo Nikkei / Apr 24	38460.08
Nasdaq / Apr 24	15712.75
Hang Seng / Apr 24	17201.27
FTSE 100 / Apr 24	8040.38
Dow Jones / Apr 24	38460.92
Germany DAX 30 / Apr 24	18088.70

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	82.83
Gold Spot USD/Ounce / Apr 24	2318.17
Cotton US¢/pound / Apr 24	81.01
Petrol/Litre / Apr 25	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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