Trends - Federal Government - Business Recorder

Federal Government

Tax on undistributed reserves is ultra vires–I

It is being reported that the government is repeating once again the mistake of taxing undistributed reserves of a...

Published 30 May, 2023 03:37am

Markets

LPG AMPs of private sector: Govt approves new policy guidelines

ISLAMABAD: Federal government has approved new policy guidelines for the installation of LPG Air-Mix Plants (AMPs) ...

Published 30 May, 2023 03:37am

Formation of JC to probe audio leaks: SC suspends operation of notification

ISLAMABAD: The Supreme Court suspended the operation of the notifications and stayed the proceedings of the inquiry...

Updated 27 May, 2023 08:49am

Pakistan

Hafeez Ur Rehman made PTA Chairman

ISLAMABAD: The federal government on Thursday appointed Major General Hafeez Ur Rehman (Retd), Member...

Published 26 May, 2023 06:48am

‘ECP had to be assertive’: SC asks govt to explain non-provision of funds for polls

ISLAMABAD: The Supreme Court (SC) Thursday said the Election Commission of Pakistan (ECP) had to be assertive and...

Updated 26 May, 2023 08:45am

Barrick Gold Project: PMO orders resolution of airstrip, other issues

ISLAMABAD: The Prime Minister’s Office (PMO) has directed concerned ministries and provincial governments to resolve...

Updated 26 May, 2023 08:46am

Pakistan

Alleged audio clips, transcripts given to probe commission

ISLAMABAD: The federal government has provided the alleged audio leaks and their transcripts to the inquiry...

Published 25 May, 2023 06:27am

Business & Finance

Realisation of export proceeds: Pak Apparel Forum demands govt restore 180-day limit

KARACHI: Pakistan Apparel Forum (PAF) on Wednesday demanded restoration of the Stats Bank’s previous procedure for...

Published 25 May, 2023 06:26am

0.1m tons of Russian oil to arrive in first week of June

ISLAMABAD: The vessels carrying 100,000 tons of discounted Russian oil will arrive at Pakistan ports in the first...

Updated 25 May, 2023 08:52am

Govt likely to shift exporters from FTR to MTR scheme

ISLAMABAD: The government is likely to shift the exporters from the Final Tax Regime (FTR) to the Minimum Tax Regime...

Updated 25 May, 2023 08:49am

Pakistan

Review for fixing Punjab polls date: SC says govt, ECP are now taking interest in proceedings

ISLAMABAD: The Supreme Court observed that now the federal government and the Election Commission of Pakistan (ECP)...

Published 24 May, 2023 05:57am

Govt decides to set up five more anti-smuggling courts

ISLAMABAD: The government has decided to constitute five additional Anti-Smuggling Courts for speedy trial of...

Updated 24 May, 2023 08:50am

Editorials

Stop incentivising population growth

EDITORIAL: Minister for Planning Development and Special Initiatives Ahsan Iqbal while briefing the media emphasised...

Updated 24 May, 2023 06:40am

Pakistan

Balochistan’s prosperity govt’s top priority: PM

QUETTA: Prime Minister Shehbaz Sharif on Monday said the development and prosperity of Balochistan province was top...

Published 23 May, 2023 06:14am

Pakistan

Punjab elections: Govt says SC’s order ‘disregards’ ECP

ISLAMABAD: The federal government and the caretaker government of Punjab stated that the Supreme Court order to hold...

Published 23 May, 2023 06:14am

Opinion

‘Learning From Others’–I

This writer has borrowed the title for his article from the autobiography of Syed Babar Ali titled ‘Learning From...

Updated 23 May, 2023 06:47am

Pakistan

Audio leaks probe: PTI challenges formation of judicial commission

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) Monday challenged the judicial commission, formed to investigate the...

Updated 23 May, 2023 08:51am

Swelling circular debt also affects NPPs

ISLAMABAD: As the country’s energy sector is facing a cumulative circular debt of stock of over Rs 4 trillion,...

Updated 23 May, 2023 08:51am

Pakistan

MoHR, NCSW, UNFPA, Rozan jointly organise conference

KARACHI: The Ministry of Human Rights, NCSW, UNFPA and Rozan are jointly organizing a two-day national conference on...

Published 22 May, 2023 06:23am

Personal data protection bill finalised

ISLAMABAD: The Ministry of Information, Technology and Telecommunication has finalised the “Personal Data Protection...

Updated 22 May, 2023 09:00am

Pakistan

‘Judges’ impartiality’ Govt forms judicial body to probe ‘audio leaks’

ISLAMABAD: The federal government, on Saturday, set up a three-member judicial commission to inquire into the...

Published 21 May, 2023 04:00am

Rs72bn authorised in Q4 under PSDP

ISLAMABAD: The Ministry of Planning Development and Special Initiatives has authorized Rs 72 billion for various...

Updated 21 May, 2023 09:34am

Pakistan

Transfers, postings

ISLAMABAD: Federal government on Thursday transferred and posted a grade-21 officer Muhammad Abdullah as additional...

Published 19 May, 2023 06:17am

Opinion

Budget, taxes, revival & growth

Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are ...

Published 19 May, 2023 06:17am

Supply of gas, other heads: Rs50bn spent on PSM since its shutdown

ISLAMABAD: The federal government has spent about Rs 50 billion on Pakistan Steel Mills (PSM) since it shut down its...

Updated 19 May, 2023 09:14am

Lamaison offers to invest to help govt develop Capital as per 1960 plan

ISLAMABAD: A private real estate investor has offered the federal government to invest in completing Islamabad City...

Updated 18 May, 2023 09:01am

Business & Finance

POL products’ prices cut on world market, exchange rate decline

ISLAMABAD: The government has reduced the retail price of petroleum products on account of a decline in the...

Published 17 May, 2023 06:22am

Why ‘dialogue’ can’t be resumed, asks SC

ISLAMABAD: The Supreme Court asked why the federal government and the Pakistan Tehreek-e-Insaf (PTI) cannot resume...

Updated 16 May, 2023 09:26am

Business & Finance

Prize bond encashment deadline extended

KARACHI: The federal government has announced to extend the last date for encashment of withdrawn prize bonds....

Published 16 May, 2023 03:23am

Editorials

Fiscal mismanagement

EDITORIAL: In these times of an extremely tight fiscal position where the federal government’s net revenues are ...

Published 15 May, 2023 06:41am

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	3.73 ▲ 1.00 (36.63%)
Universal Ins. / Dec 1 The Universal Insurance Company Limited(UVIC)	6.15 ▲ 1.00 (19.42%)
JS Global Banking / Dec 1 JS Global Banking Sector (ETF)(JSGBETF)	13.53 ▲ 1.78 (15.15%)
Saritow Spinning / Dec 1 Saritow Spinning Mills Limited(SSML)	7.98 ▲ 1.00 (14.33%)
Abdullah Shah / Dec 1 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.05 ▲ 0.88 (14.26%)
Ruby Textile / Dec 1 Ruby Textile Mills Limited(RUBY)	5 ▲ 0.60 (13.64%)
Pak Gulf Leasing / Dec 1 Pak-Gulf Leasing Company Limited(PGLC)	7.85 ▲ 0.83 (11.82%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	9.95 ▲ 0.89 (9.82%)
Next Capital / Dec 1 Next Capital Limited(NEXT)	6.22 ▲ 0.55 (9.70%)
Shaheen Ins. / Dec 1 Shaheen Insurance Company Limited(SHNI)	3.65 ▲ 0.32 (9.61%)

Stock	Price
Tri-Star Mutual / Dec 1 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.58 (-10.30%)
Aruj Industries / Dec 1 Aruj Industries Limited(ARUJ)	8.15 ▼ -0.87 (-9.65%)
Askari Life Assur. / Dec 1 Askari Life Assurance Company Limited(ALAC)	5.45 ▼ -0.50 (-8.40%)
Hallmark Co. / Dec 1 Hallmark Company Limited(HCL)	196.11 ▼ -15.90 (-7.50%)
Siemens Pak. / Dec 1 Siemens (Pakistan) Engineering(SIEM)	717.18 ▼ -58.15 (-7.50%)
Suraj Cotton / Dec 1 Suraj Cotton Mills Limited(SURC)	145 ▼ -11.75 (-7.50%)
Leiner Pak Gelat / Dec 1 Leiner Pak Gelatine Limited(LPGL)	21.71 ▼ -1.46 (-6.30%)
United Dist. / Dec 1 United Distributors Pakistan Limited(UDPL)	43 ▼ -2.00 (-4.44%)
Unilever Foods / Dec 1 Unilever Pakistan Foods Limited(UPFL)	21500 ▼ -1000.00 (-4.44%)
Samba Bank / Dec 1 Samba Bank Limited(SBL)	8 ▼ -0.36 (-4.31%)

Stock	Volume
Maple Leaf Cement / Dec 1 Maple Leaf Cement Factory Limited(MLCF)	36,398,104 ▲ 2.50
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	34,548,158 ▼ -0.07
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	33,025,000 ▲ 0.39
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	28,095,487 ▲ 0.05
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	26,619,000 ▲ 1.32
Pak Elektron / Dec 1 Pak Elektron Limited(PAEL)	26,570,460 ▲ 1.01
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	17,398,000 ▼ -0.02
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	16,209,942 ▼ -0.07
Hum Network / Dec 1 Hum Network Limited(HUMNL)	14,682,500 ▲ 0.26
Air Link Com. / Dec 1 Air Link Communication Limited(AIRLINK)	13,144,047 ▲ 4.32

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	148.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.26
Euro to USD / Nov 30	1.09
UK LIBOR % / Nov 30	5.46

Stock	Volume
S&P 500 / Nov 30	4567.80
India Sensex / Nov 30	66988.44
Tokyo Nikkei / Nov 30	33486.89
Nasdaq / Nov 30	14226.22
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7453.75
Dow Jones / Nov 30	35950.89
Germany DAX 30 / Nov 30	16215.43
France CAC40 / Nov 30	7310.77

Item	Value
Crude Oil USD/Barrel / Nov 30	75.50
Karachi Cotton PKR/37.32 KG / Nov 30	17435
Gold 10 Grams PKR / Nov 30	189472
Gold Spot USD/Ounce / Nov 30	2039.45
Cotton US¢/pound / Nov 30	80.06

Avari Hotels, Avari family target of alleged blackmail & vilification campaign

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