Trends - Assets - Business Recorder

Assets

Protecting the ‘brand’

Brand valuations are upward bound through the stratosphere in the realm of dollar 150 billion, 200 billion, 350...

Published 28 Nov, 2024 06:27am

Opinion

Expense or an asset?

Do a survey of companies. Ask the leadership a question-“What are your biggest assets”? Almost all of them will...

Updated 27 Nov, 2024 07:47am

Transfer of assets after dissolution: SECP asks NPOs to intimate FBR within 90 days

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has given a 90 days period to the non-profit...

Updated 25 Feb, 2024 08:58am

Business & Finance

BAE snaps up Ball’s aerospace arm for $5.6bn in its biggest deal ever

NEW YORK: Britain’s BAE Systems on Thursday agreed to buy Ball Corp’s aerospace assets for about $5.55 billion in...

Published 18 Aug, 2023 05:42am

Editorials

Details of assets: an exercise in futility?

EDITORIAL: The functional democracies see to it that the elected representatives who make laws are financially as...

Published 22 Jan, 2023 03:08am

Markets

Asset classes and their performance in Pakistan: all that glittered in 2022 was gold

USD-denominated Naya Pakistan Certificates and US dollar were placed second and third, respectively

Published 27 Dec, 2022 05:24pm

Business & Finance

FBR directs officers of IRS, PCS to submit details of assets, liabilities today

ISLAMABAD: The Federal Board of Revenue (FBR) has given the deadline of July 15, 2022, to all the officers of the...

Published 15 Jul, 2022 06:20am

Pakistan

Farah to return on 10th; NAB says ready to investigate her

ISLAMABAD: Farah Gogi, a friend of the former first lady and allegedly involved in money laundering and assets ...

Published 08 May, 2022 06:32am

Business & Finance

Pakistan’s banking sector maintains growth momentum in Q3CY21: SBP

Pakistan banking industry maintained its upward trajectory during Q3CY21, as assets of the sector increased 2.17%...

Published 04 Jan, 2022 01:26pm

Markets

US SEC delays certain assets from enforcement actions under new disclosure rule

WASHINGTON: The US Securities and Exchange Commission (SEC) said on Friday that it would delay enforcement of ...

Published 27 Sep, 2021 05:51am

Business & Finance

Islamic Banking Industry: Assets and deposits show highest YoY growth since 2015

Market share of IBI’s assets and deposits in overall banking industry’s recorded at 17% and 18.7%, respectively

Published 11 Sep, 2021 04:49pm

Business & Finance

Islamic Banking Industry: Assets, deposits show double-digit growth

The Islamic Banking Industry continued to show impressive gains as its overall assets and deposits achieved year on...

Published 09 Jul, 2021 06:29pm

Pakistan

Property & other assets: SECP allows startups to raise capital

ISLAMABAD: With the foremost aim to support entrepreneurship and improve business climate for small businesses,...

Published 01 Apr, 2021 04:10am

Pakistan

SBP posts highest growth in Islamic banking assets, deposits

SBP has reported this today in its quarterly report - Islamic Banking Bulletin for the quarter ending December 31, 2020.

Published 24 Mar, 2021 05:38pm

Business & Finance

NPF ratio of Islamic Banking remains well below overall banking industry: SBP

During the quarter under review (October-December 2020), the asset base of Islamic Banking Industry (IBI) grew by 12.1 percent (Rs. 461 billion) and reached Rs. 4,269 billion.

Updated 24 Mar, 2021 01:13pm

Opinion

Equinor considers more US asset sales in global strategy revamp

Norway’s Equinor is looking to sell more assets in the United States and exit several other countries as part of a...

Published 16 Feb, 2021 04:07am

Pakistan

Assets beyond means case: Khawaja Asif sent to jail on judicial remand

The case was heard by the accountability court’s judge Jawadul Hassan, where accused was produced before the court in strict security.
During the proceedings, the National Accountability Bureau (NAB)’s legal representative sought physical remand of Pakistan Muslim League Nawaz (PML-N) leader.

Updated 22 Jan, 2021 06:05pm

Business & Finance

Bank of America profit beats estimates on trading strength

Net income applicable to common shareholders fell to $5.21 billion, or 59 cents per share, for the quarter ended Dec. 31 from $6.75 billion, or 74 cents per share.
Reported a 13% fall in consumer banking revenue to $8.2 billion,

Published 19 Jan, 2021 06:00pm

Business & Finance

Qatari bank sees gradual growth in Saudi after end of rift

QNB opened its branch in the Saudi capital in May 2017, just a month before the dispute erupted.
The bank would rebuild its information technology infrastructure and the banking team in Riyadh, Mari said.

Published 18 Jan, 2021 06:51pm

World

UK asset recovery firm says Nawaz Sharif offered bribe to stop investigation of his offshore assets

Broadsheet owner Kaveh Moussavi also rejected Nawaz’s claim that Broadsheet had given clean chit to his family in corruption cases.
Moussavi told a UK-based web channel that the Sharif family has assets not only in the UK but across the world.

Updated 11 Jan, 2021 10:00am

Pakistan

717 parliamentarians submit assets’ statements so far: ECP

As many as 469 parliamentarians couldn’t submit their assets details out of total 1195 parliamentarians while nine seats are still vacant.

Published 31 Dec, 2020 07:46pm

Pakistan

Mining company TTC approaches Virgin Islands court for enforcement of Reko Diq award against Pakistan

The Tethyan Cooper Company (TCC) approached the High Court of Justice in the British Virgin Islands for the enforcement of the $5.97 billion award against Pakistan
Office of the Attorney General for Pakistan says Pakistan is vigorously contesting these proceedings using all available legal resources

Updated 24 Dec, 2020 06:50pm

Pakistan

Money laundering case: Assets of Shehbaz Sharif family seized

The report presented in the court reads that NAB had frozen the assets of Shehbaz Sharif family.
Former CM Punjab is accused of accumulating assets worth Rs7,328 million in connivance with his co-accused family members, benamidars, front persons and close associations and for developing an organized system of money laundering.

Published 22 Dec, 2020 03:44pm

Pakistan

LHC directs NAB to wrap up probe against Chaudhry brothers in four weeks

NAB DG told the court the bureau has closed an illegal appointments inquiry against Elahi while the ongoing assets beyond means investigation against both petitioners will be completed in six months
Chaudhry brothers stated that NAB has become a political institution

Published 17 Dec, 2020 12:40pm

World

Aramco may have to sell assets, borrow more to maintain Saudi dividend

Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices.
Aramco, the world’s largest oil producer, listed in 2019 in a record $29.4 billion share sale, but the government still owns 98.2% of the group.

Published 17 Dec, 2020 11:32am

Pakistan

Assets details of Sindh Assembly members released

Chief Minister of Sindh Syed Murad Ali Shah have assets of worth Rs 233.5 millions. He owns two vehicles worth 15 million rupees and received a gift of 100 Tola gold from his mother.

Published 12 Nov, 2020 04:06pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 16	283.37
USD PKR Interbank Buying / Jun 16	283.17
USD to Japanese Yen / Jun 17	144.76
USD to Swiss Franc / Jun 17	0.81
Pound Sterling to USD / Jun 17	1.36
Euro to USD / Jun 17	1.16
UK LIBOR % / Jun 14	4.96

Stock	Volume
S&P 500 / Jun 14	5,976.97
Nasdaq / Jun 14	19,406.83
Dow Jones / Jun 14	42,197.79
FTSE 100 / Jun 16	8,884.17
Germany DAX 30 / Jun 16	23,603.27
France CAC40 / Jun 16	7,748.88
India Sensex / Jun 17	81,649.49
Tokyo Nikkei / Jun 17	38,502.10
Hang Seng / Jun 17	23,945.81

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 16	16,785
Gold 10 Grams PKR / Jun 16	310,613
Petrol/Litre / Jun 17	258.43
Crude Oil USD/Barrel / Jun 17	72.01
Gold Spot USD/Ounce / Jun 17	3,388.42
Diesel/Litre / Jun 17	262.59
Cotton US¢/pound / Jun 17	67.96

Gainers
Losers
Leaders

Stock	Price
Cresent Jute / Jun 17 Crescent Jute Products Limited(CJPL)	5.20 ▲ 0.63 (13.79%)
Gulistan Sp. / Jun 17 Gulistan Spinning Mills Limited(GUSM)	9.28 ▲ 1 (12.08%)
Ghazi Fabrics / Jun 17 Ghazi Fabrics International Limited(GFIL)	10.35 ▲ 0.99 (10.58%)
Merit Packaging / Jun 17 Merit Packaging Limited(MERIT)	14.92 ▲ 1.36 (10.03%)
Service Textile / Jun 17 Service Industries Textiles Limited(SERT)	17.88 ▲ 1.63 (10.03%)
MACPAC Films / Jun 17 MACPAC Films Limited(MACFL)	26.81 ▲ 2.44 (10.01%)
Fecto Cement / Jun 17 Fecto Cement Limited(FECTC)	84.49 ▲ 7.68 (10%)
Bunnys Limited / Jun 17 Bunnys Limited(BNL)	56.87 ▲ 5.17 (10%)
Shadman Cotton / Jun 17 Shadman Cotton Mills Limited(SHCM)	57.33 ▲ 5.21 (10%)
Kohat Textile / Jun 17 Kohat Textile Mills Limited(KOHTM)	108.22 ▲ 9.84 (10%)

Stock	Price
Ist.Capital Sec / Jun 17 First Capital Securities Corporation(FCSC)	3.40 ▼ -0.45 (-11.69%)
Fateh Ind. / Jun 17 Fateh Industries Limited(FIL)	119.55 ▼ -13.28 (-10%)
Pakgen Power / Jun 17 Pakgen Power Limited(PKGP)	237.39 ▼ -26.38 (-10%)
PIA Holding Co.B / Jun 17 PIA Holding Company Limited B(PIAHCLB)	15,300.20 ▼ -1699.99 (-10%)
Mandviwala / Jun 17 Mandviwala Mauser Plastic Industries(MWMP)	18.80 ▼ -2.08 (-9.96%)
National Silk / Jun 17 The National Silk & Rayon Mills Limited(NSRM)	48.57 ▼ -5.35 (-9.92%)
First Dawood Prop. / Jun 17 First Dawood Properties Limited(FDPL)	3.51 ▼ -0.37 (-9.54%)
Aisha Steel (CPS) / Jun 17 Aisha Steel Mills Limited (CPS)(ASLCPS)	17 ▼ -1.75 (-9.33%)
Hussain Industries / Jun 17 Husein Industries Limited(HUSI)	28.06 ▼ -2.74 (-8.9%)
Ashfaq Textile / Jun 17 Ashfaq Textile Mills Limited(ASHT)	22.10 ▼ -2.06 (-8.53%)

Stock	Volume
WorldCall Telecom / Jun 17 Worldcall Telecom Limited(WTL)	163,052,526 ▲ 0.06
Pervez Ahmed Consultancy / Jun 17 Pervez Ahmed Consultancy Services Ltd.(PASL)	70,152,617 ▲ 0.13
Ist.Capital Sec / Jun 17 First Capital Securities Corporation(FCSC)	35,869,371 ▼ -0.45
B.O.Punjab / Jun 17 The Bank of Punjab(BOP)	31,565,745 ▲ 0.25
Bank Makramah / Jun 17 Bank Makramah Limited(BML)	31,328,699 ▲ 0.34
First Prudential Mod. / Jun 17 First Prudential Modaraba(PMI)	25,975,894 ▼ -0.13
Kohinoor Spining / Jun 17 Kohinoor Spinning Mills Limited(KOSM)	19,791,228 ▲ 0.07
Secure Logistics / Jun 17 Secure Logistics Group Limited(SLGL)	17,720,728 ▲ 1.61
Dewan Cement / Jun 17 Dewan Cement Limited(DCL)	14,349,183 ▲ 0.7
Sui South Gas / Jun 17 Sui Southern Gas Company Limited(SSGC)	14,311,397 ▲ 0.73

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