Trends - Federal Government - Business Recorder

Federal Government

Talks extended for two days: IMF demands govt withdraw power subsidy

ISLAMABAD: Technical level talks between International Monetary Fund (IMF) team and Pakistani authorities have been...

Updated 06 Feb, 2023 09:11am

Editorials

Much needs to be negotiated

EDITORIAL: Reports emanating thus far from the ongoing discussions between the International Monetary Fund (IMF) and...

Published 06 Feb, 2023 06:20am

Pakistan

PM should clarify his intentions behind inviting PTI to APC: Qureshi

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Shah Mahmood Qureshi has said that till today the party’s...

Published 05 Feb, 2023 03:10am

Pakistan

Govt decides to bar state functionaries from accepting gifts of value above $500

ISLAMABAD: The federal government has decided to bar State functionaries from accepting gifts of value above US 500...

Published 04 Feb, 2023 06:08am

Govt says ‘will have to’ agree to IMF conditions

PESHAWAR: Prime Minister Shehbaz Sharif said Friday the government would have to agree to IMF bailout conditions ...

Updated 04 Feb, 2023 09:26am

Industry yet to export any amount of sugar

ISLAMABAD: The country’s sugar industry has not yet been able to export any amount of sugar out of 250,000 tons...

Updated 04 Feb, 2023 09:29am

Russian oil supply likely by April

Negotiations with Russia were finalised in 45 days: Petroleum State Minister Musadik Malik

Updated 04 Feb, 2023 09:13pm

‘Rules’ allow banks to seek asset details of civil servants

ISLAMABAD: The “Sharing of Declaration of Assets of Civil Servants Rules, 2023” allows commercial banks to seek...

Updated 04 Feb, 2023 09:28am

Pakistan

Barrister Shehzad appointed new AGP

ISLAMABAD: After two months of controversy, the federal government on Thursday appointed Barrister Shehzad Ata Elahi...

Published 03 Feb, 2023 06:17am

SBP’s reserves slip to $3bn

KARACHI: The country’s total liquid foreign exchange reserves further fell by $711 million during last week due to...

Updated 03 Feb, 2023 08:54am

Panel asks PD to broker agreements between govt, gas producing provinces

ISLAMABAD: A parliamentary panel, on Thursday, asked the Petroleum Division to provide gas sale and purchase...

Updated 03 Feb, 2023 08:57am

Editorials

An enabling environment for reform

EDITORIAL: The political decision, notably to dissolve the assemblies of Punjab and Khyber Pakhtunkhwa by Pakistan...

Published 02 Feb, 2023 06:12am

Pakistan

Zardari for increasing minimum wages to Rs 35,000

LAHORE: Former president Asif Ali Zardari said on Tuesday that minimum wages for labourers and workers should be...

Updated 01 Feb, 2023 08:56am

Editorials

A reminder of the flaws in economic policies

EDITORIAL: Match the rise in taxes to a cut in government expenditure is a cry gathering momentum not only amongst...

Published 01 Feb, 2023 05:58am

Pakistan

‘Wasted’ holiday in Islamabad causes huge loss to traders

ISLAMABAD: The visiting UAE president announcement to cancel the trip has not only wasted one-day holiday in the...

Published 31 Jan, 2023 06:01am

IMF conditionalities: Govt raises fuel prices in a gesture of compliance

ISLAMABAD: The government has announced to increase the prices of petroleum products by Rs 35 (petrol, diesel) and...

Updated 30 Jan, 2023 09:27am

Pakistan

Dar says federal govt fully committed to development of Balochistan

ISLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar held a meeting with Chairman Senate...

Published 28 Jan, 2023 06:20am

Opinion

Rescuing power system

Pakistan’s current electrical power and transmission system is plagued by absence of innovation and R&D. Owned...

Published 27 Jan, 2023 06:51am

Opinion

Taxation of immovable property

The National Assembly through the Finance Act 2012 amended section 37(5) of the Income Tax Ordinance, 2001 [“the...

Updated 27 Jan, 2023 11:36pm

Govt may exempt solar equipment from all taxes

ISLAMABAD: The government is likely to exempt solar equipment from all taxes aimed at achieving the target of 10,000...

Updated 27 Jan, 2023 09:04am

Pakistan

Govt tightening controls to eradicate drug menace: minister

ISLAMABAD: The government of Pakistan is committed to eradicate the menace of drugs by utilising all available...

Published 26 Jan, 2023 05:58am

Govt to launch crackdown on ghee manufacturers

ISLAMABAD: The government is likely to launch crackdown on ghee manufacturers for not passing on the impact of lower...

Updated 26 Jan, 2023 09:14am

Business & Finance

Shipping forwarders, cos increase charges

LAHORE: Shipping forwarders as well as companies have increased their charges exorbitantly, adding insult to the...

Published 25 Jan, 2023 07:11am

Gas recovery in Guddu: EWT: Govt likely to allow OGDCL extension

ISLAMABAD: The government is likely to allow one-year extension to Oil and Gas Development Company Limited (OGDCL) ...

Updated 25 Jan, 2023 08:55am

Business & Finance

POL products: additional Rs76bn revenue can be generated thru PL maximization to Rs50 per litre

ISLAMABAD: The government has projected to collect Rs 76 billion additional revenue if it maximizes the petroleum...

Updated 25 Jan, 2023 08:56am

Business & Finance

PTA doing without chairman for over 20 days

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) is headless for the last more than 20 days, as the...

Published 24 Jan, 2023 07:40am

Business & Finance

Stranded containers: Govt decides to waive demurrage, port charges

KARACHI: The Federal Government has decided to waive all demurrage and port charges of around 8000 containers...

Published 24 Jan, 2023 07:01am

Editorials

Makes it mandatory for sugar mills to bring sugar export proceeds into Pakistan within 60 days of the opening of Letter of Credit (LC)

Updated 22 Jan, 2023 10:16am

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Nov 29 Kohinoor Power Company Limited(KOHP)	5.88 ▲ 1.00 (20.49%)
Paramount Mod / Nov 29 First Paramount Modaraba(FPRM)	10.26 ▲ 1.00 (10.80%)
Service Textile / Nov 29 Service Industries Textiles Limited(SERT)	10.95 ▲ 0.84 (8.31%)
AKD Hospitality / Nov 29 AKD Hospitality Limited(AKDHL)	172.19 ▲ 12.01 (7.50%)
Atlas Honda Ltd / Nov 29 Atlas Honda Limited(ATLH)	347.23 ▲ 24.23 (7.50%)
Honda Atlas Cars / Nov 29 Honda Atlas Cars (Pakistan) Limited(HCAR)	230.34 ▲ 16.07 (7.50%)
MithchellsFruit / Nov 29 Mitchells Fruit Farms Limited(MFFL)	228.20 ▲ 15.92 (7.50%)
Nimir Ind.Chem. / Nov 29 Nimir Industrial Chemicals Limited(NICL)	103.96 ▲ 7.25 (7.50%)
Otsuka Pakistan / Nov 29 Otsuka Pakistan Limited(OTSU)	138.59 ▲ 9.67 (7.50%)
Pak Oxygen Ltd. / Nov 29 Pakistan Oxygen Limited(PAKOXY)	112.80 ▲ 7.87 (7.50%)

Stock	Price
Jahangir Sidd(Pref) / Nov 29 Jahangir Sidd(Pref)(JSCLPSA)	8.43 ▼ -0.95 (-10.13%)
Bawany Air Products / Nov 29 Bawany Air Products Limited(BAPL)	9.01 ▼ -0.97 (-9.72%)
Ghazi Fabrics / Nov 29 Ghazi Fabrics International Limited(GFIL)	5.70 ▼ -0.53 (-8.51%)
EFG Hermes Pak / Nov 29 EFG Hermes Pakistan Limited(EFGH)	12.52 ▼ -0.47 (-3.62%)
JDW Sugar / Nov 29 JDW Sugar Mills Limited(JDWS)	340 ▼ -10.05 (-2.87%)
Ist.Capital Sec / Nov 29 First Capital Securities Corporation(FCSC)	1.23 ▼ -0.03 (-2.38%)
Hira Textile / Nov 29 Hira Textile Mills Limited(HIRAT)	2.10 ▼ -0.05 (-2.33%)
Unilever Foods / Nov 29 Unilever Pakistan Foods Limited(UPFL)	22100 ▼ -300.00 (-1.34%)
Gul Ahmed / Nov 29 Gul Ahmed Textile Mills Limited(GATM)	25.63 ▼ -0.33 (-1.27%)
Treet Corp. (R) / Nov 29 Treet Corporation Limited (R)(TREETR2)	3.42 ▼ -0.04 (-1.16%)

Stock	Volume
Kohinoor Spining / Nov 29 Kohinoor Spinning Mills Limited(KOSM)	79,242,500 ▲ 0.11
WorldCall Telecom / Nov 29 Worldcall Telecom Limited(WTL)	57,449,984 ▲ 0.04
B.O.Punjab / Nov 29 The Bank of Punjab(BOP)	44,327,667 ▲ 0.40
Cnergyico PK / Nov 29 Cnergyico PK Limited(CNERGY)	31,321,478 ▲ 0.09
Treet Corp. (R) / Nov 29 Treet Corporation Limited (R)(TREETR2)	27,240,170 ▼ -0.04
Pak Refinery / Nov 29 Pakistan Refinery Limited(PRL)	23,647,647 ▲ 0.32
Ghani Chem. Ind. / Nov 29 Ghani Chemical Industries Limited(GCIL)	15,398,500 ▼ -0.05
TPL Properties / Nov 29 TPL Properties Limited(TPLP)	14,283,958 ▲ 0.29
Oil & Gas Dev. / Nov 29 Oil & Gas Development Company Limited(OGDC)	12,904,027 ▲ 0.72
The Searle Co. / Nov 29 The Searle Company Limited(SEARL)	12,454,526 ▲ 0.64

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 28	285.85
USD PKR Interbank Buying / Nov 28	285.35
USD to Japanese Yen / Nov 28	147.02
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.27
Euro to USD / Nov 28	1.10
UK LIBOR % / Nov 28	5.46

Stock	Volume
S&P 500 / Nov 28	4554.89
India Sensex / Nov 28	66174.20
Tokyo Nikkei / Nov 28	33283.70
Nasdaq / Nov 28	14281.76
Hang Seng / Nov 28	17354.14
FTSE 100 / Nov 28	7455.24
Dow Jones / Nov 28	35416.98
Germany DAX 30 / Nov 28	15992.67
France CAC40 / Nov 28	7250.13

Item	Value
Crude Oil USD/Barrel / Nov 28	76.66
Karachi Cotton PKR/37.32 KG / Nov 28	17735
Gold 10 Grams PKR / Nov 28	185614
Gold Spot USD/Ounce / Nov 28	2045.04
Cotton US¢/pound / Nov 28	79.60

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