Trends - Federal Government - Business Recorder

Federal Government

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KARACHI: The federal government has announced to extend the last date for encashment of withdrawn prize bonds....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

Pakistan

President directs NUST to refund fee for vacated seat

ISLAMABAD: President Dr Arif Alvi has directed the National University of Science and Technology (NUST) to refund an...

Published 13 May, 2023 05:59am

Pakistan

Waqar Ahmed Chohan made NAB DG

ISLAMABAD: The government on Friday appointed Waqar Ahmed Chohan as Director General (DG) of the National...

Published 13 May, 2023 05:59am

Opinion

Govt on course to wind things up

A politician looks up to the next election while a statesman’s vision extends beyond the welfare of the next two...

Updated 13 May, 2023 06:25am

Centre mulling handing Discos over to provinces

ISLAMABAD: The federal government is mulling over to hand power Distribution Companies (Discos) to respective...

Updated 13 May, 2023 08:53am

Pakistan

National Social Protection moot concludes: Marri says joint efforts vital for financial uplifting of poor

ISLAMABAD: Shazia Marri, Federal Minister for Poverty Alleviation and Social Safety (PA&SS), Chairperson Benazir...

Published 11 May, 2023 05:54am

EU emphasises ‘restraint and sincere dialogue’

ISLAMABAD: European Union has emphasised restraint and sincere dialogue to address Pakistan’s challenges after the...

Updated 10 May, 2023 08:55am

Pakistan

PTA: Govt likely to appoint Hafeezur Rehman as member admin

ISLAMABAD: The federal government is likely to appoint Major General Hafeezur Rehman (retired) as new Member...

Published 09 May, 2023 05:37am

IMF’s May meetings: Pakistan not on agenda as bailout remains stalled

According to the IMF Executive Board calendar available on its website, next meetings are scheduled for May 11, 15, and 17

Updated 09 May, 2023 10:10am

Govt rejects tax on firms’ reserves proposal

ISLAMABAD: The government has rejected a proposal of the Reforms and Resource Mobilization Commission (RRMC) to...

Updated 09 May, 2023 12:45pm

Staff reinstatement: PSM management being ‘pressurised’

ISLAMABAD: The Pakistan Steel Mills (PSM) management is reportedly being pressurised to reinstate those employees...

Updated 09 May, 2023 09:18am

NA informed: Circular debt spikes to Rs2.536trn

ISLAMABAD: Despite massive increase in power tariff after coming into power, the ruling coalition of Pakistan...

Updated 09 May, 2023 09:17am

Meeting shortfall: MoFA to get additional funds of Rs8.4bn

ISLAMABAD: The government is to allocate additional funds of Rs 8.4 billion for Ministry of Foreign Affairs (MoFA)...

Updated 09 May, 2023 09:14am

Pakistan

Curbing drug trade, usage: Govt’s planned mega fusion centre to follow US pattern

ISLAMABAD: The government is forming a mega fusion center at the pattern of the same facilities developed by the...

Published 09 May, 2023 05:37am

Opinion

Interest rates: no more room for tightening

Interest rates in Pakistan are almost at historic highs and still the country is running negative real rates on both...

Published 08 May, 2023 06:40am

Business & Finance

‘Unprecedented’ hike in FED on cigarettes resented

LAHORE: Expressing serious concerns over the government’s unprecedented increase in the FED rate on locally...

Published 04 May, 2023 04:26am

Govt-PTI talks end in stalemate

ISLAMABAD: The third and final round of political dialogue between the federal government and Pakistan...

Updated 03 May, 2023 08:50am

Pakistan

Appointment of 8 NIRC members notified

ISLAMABAD: The federal government has issued a notification for the appointment of eight members of the National...

Published 02 May, 2023 05:59am

Pakistan

Balochistan flour millers demand supply of wheat

QUETTA: Pakistan Flour Mills Association, Balochistan region, on Monday demanded of the authorities to ensure the...

Published 02 May, 2023 05:59am

Rs80bn gas subsidy to five export sectors ends

ISLAMABAD: The federal government has ended the Rs 80-billion subsidy on gas to five export sectors for FY...

Updated 30 Apr, 2023 04:51pm

Ogra blames govt for hike in gas meter rent

ISLAMABAD: The oil and gas regulator, Oil and Gas Regulatory Authority (Ogra) blamed the federal government for...

Updated 30 Apr, 2023 09:29am

Elections in July or September? Govt-PTI talks give birth to hope

Final round of negotiations to take place on Tuesday

Updated 29 Apr, 2023 11:42am

SC’s directive to SBP: NA panel takes suo motu notice

ISLAMABAD: National Assembly Standing Committee on Finance and Revenue is said to have taken suo motu notice in...

Updated 29 Apr, 2023 11:47am

Business & Finance

FPCCI says ‘short-term economic scenario is still bleak’

KARACHI: Irfan Iqbal Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has ...

Updated 29 Apr, 2023 06:27am

Govt-PTI talks aimed at ending deadlock held

ISLAMABAD: On the heels of speculated “reconciliation” between the treasury and opposition over holding general...

Updated 28 Apr, 2023 08:51am

Business & Finance

Various categories of companies: SECP increases fee for submission of documents

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has considerably increased the fees for...

Published 27 Apr, 2023 06:24am

Federal govt’s scheme: Only 15,000 applicants can get e-bikes/rickshaws

ISLAMABAD: The Federal Government’s E-Bikes/ Rickshaws Scheme will be for up to 15,000 applicants and in case...

Updated 27 Apr, 2023 09:14am

Business & Finance

Smart licences for arms attract 18pc GST rate: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has declared that computerised arms licenses in the form of cards...

Updated 27 Apr, 2023 09:01am

REAP urges govt to help it achieve $5bn rice exports

KARACHI: Rice Exporters Association of Pakistan (REAP) has asked the federal government to devise a long-term...

Updated 25 Apr, 2023 09:00am

Gainers
Losers
Leaders

Stock	Price
F. Nat.Equities / Dec 5 First National Equities Limited(FNEL)	6.28 ▲ 1.00 (18.94%)
First Elite Cap.Mod / Dec 5 First Elite Capital Modaraba(FECM)	3.25 ▲ 0.50 (18.18%)
Universal Ins. / Dec 5 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
Aisha Steel(ConPS) / Dec 5 Aisha Steel(ConPS)(ASLPS)	8 ▲ 0.85 (11.89%)
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	7.93 ▲ 0.76 (10.60%)
HBL Invest Fund / Dec 5 HBL Investment Fund(HIFA)	3.43 ▲ 0.31 (9.94%)
Trust Sec.& Brok. / Dec 5 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
Waves Home Appliances / Dec 5 Waves Home Appliances Limited(WHALE)	8.75 ▲ 0.72 (8.97%)
Jubilee Spinning / Dec 5 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.94 ▲ 0.54 (8.44%)
Al-Shaheer Corp / Dec 5 Al Shaheer Corporation Limited(ASC)	9.90 ▲ 0.77 (8.43%)

Stock	Price
Asim Textile / Dec 5 Asim Textile Mills Limited(ASTM)	12.70 ▼ -1.03 (-7.50%)
Universal Network (GEM) / Dec 5 Universal Network Systems Limited (GEM)(GEMUNSL)	28.23 ▼ -2.29 (-7.50%)
MithchellsFruit / Dec 5 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Pak Suzuki / Dec 5 Pak Suzuki Motor Company Limited(PSMC)	504.39 ▼ -40.90 (-7.50%)
Janana D Mal / Dec 5 Janana De Malucho Textile Mills Limited(JDMT)	63.82 ▼ -5.17 (-7.49%)
Reliance Ins. / Dec 5 Reliance Insurance Company Limited(RICL)	8.80 ▼ -0.70 (-7.37%)
Pak Gulf Leasing / Dec 5 Pak-Gulf Leasing Company Limited(PGLC)	7.18 ▼ -0.57 (-7.35%)
JS Investments / Dec 5 JS Investments Limited(JSIL)	16.02 ▼ -1.23 (-7.13%)
Masood Textile / Dec 5 Masood Textile Mills Limited(MSOT)	50.20 ▼ -3.80 (-7.04%)
AEL Textile / Dec 5 AEL Textile Limited(AEL)	20 ▼ -1.50 (-6.98%)

Stock	Volume
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	57,056,586 ▲ 0.04
Maple Leaf Cement / Dec 5 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▼ -0.61
Fauji Cement / Dec 5 Fauji Cement Company Limited(FCCL)	41,923,500 ▲ 1.29
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.07
Fauji Fert Bin / Dec 5 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.14
Oil & Gas Dev. / Dec 5 Oil & Gas Development Company Limited(OGDC)	23,778,132 ▲ 5.13
Pak Petroleum / Dec 5 Pakistan Petroleum Limited(PPL)	23,491,106 ▲ 5.48
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	22,637,629 ▲ 0.38
Hum Network / Dec 5 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.06
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	21,755,000 ▲ 0.76

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	284.75
USD PKR Interbank Buying / Dec 4	284.55
USD to Japanese Yen / Dec 4	147.21
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.26
Euro to USD / Dec 4	1.08
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4569.78
India Sensex / Dec 4	68865.12
Tokyo Nikkei / Dec 4	33231.27
Nasdaq / Dec 4	14185.50
Hang Seng / Dec 4	16646.05
FTSE 100 / Dec 4	7512.96
Dow Jones / Dec 4	36204.44
Germany DAX 30 / Dec 4	16404.76
France CAC40 / Dec 4	7332.59

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Crude Oil USD/Barrel / Dec 4	73.31
Gold 10 Grams PKR / Dec 4	191701
Gold Spot USD/Ounce / Dec 4	2029.96
Cotton US¢/pound / Dec 4	78.68

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