Trends - GCC - Business Recorder

GCC

Gulf wealth, US power, and the ME reset

In a world no longer solely defined by military alliances or ideological blocs, power is increasingly shaped by...

Updated 11 Jun, 2025 08:53am

Pakistan

GCC urges Pakistan, India to hold talks, warns against rising Islamophobia

The Gulf Cooperation Council (GCC) has called for urgent dialogue between Pakistan and India amid escalating...

Published 04 May, 2025 08:58pm

World

Trump to meet Gulf leaders in Riyadh: source close to Saudi govt

RIYADH: US President Donald Trump is due to meet the heads of state of six Gulf countries while on a visit to Riyadh...

Published 04 May, 2025 05:43pm

Pakistan

Family Registration Certificates: Ministry recommended to conduct comprehensive review

ISLAMABAD: A parliamentary body on Thursday recommended Ministry of Interior to conduct a comprehensive review of ...

Published 25 Apr, 2025 07:32am

Pakistan

Pakistan hosts Pak-Gulf Cooperation Council Anti-Narcotics Conference

ISLAMABAD: For the first time in history, Pakistan hosted the Pak-Gulf Cooperation Council Anti-Narcotics...

Updated 17 Apr, 2025 08:37am

Markets

Pakistan eyes more G2G investment from Saudi Arabia, says Aurangzeb

Finance minister says structural reforms to pave way for sustainable growth

Updated 19 Feb, 2025 10:52pm

Country sees huge potential in GCC market: Aurangzeb

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb has said Pakistan sees huge potential in the...

Updated 19 Feb, 2025 09:19am

Pakistan

Pakistan seeks sustainable growth as Aurangzeb highlights structural reforms: report

Finance minister emphasises prudent fiscal management

Updated 18 Feb, 2025 10:31pm

World

Gulf summit urges ‘immediate ceasefire’ for Gaza

KUWAIT CITY: A summit of Gulf Cooperation Council (GCC) leaders urged an immediate ceasefire in Gaza on Sunday,...

Published 02 Dec, 2024 06:04am

World

Middle East crisis top-of-mind at first EU-Gulf summit

BRUSSELS: Gulf leaders including Saudi Crown Prince Mohammed bin Salman met with European heads of state and...

Published 17 Oct, 2024 07:48am

Business & Finance

Pakistan’s IT sector is keen to show off potential at GITEX Global 2024 in Dubai

DUBAI: Fresh off record exports in the previous fiscal year, Pakistan’s tech sector is gearing up to make the most...

Updated 11 Oct, 2024 07:44am

32 top Saudi cos’ team due today

Pakistan estimates investment of up to $15-20 billion from Saudi Arabia in different sectors/fields including purchase of public sector entities or share purchase

Updated 09 Oct, 2024 10:26am

World

Arab states seek to reassure Iran of their neutrality

DUBAI: Gulf Arab states sought to reassure Iran of their neutrality in the conflict between Tehran and Israel in...

Published 04 Oct, 2024 06:46am

World

In Riyadh, China’s Premier Li calls for accelerated Gulf trade talks

BEIJING/DUBAI: China’s Premier Li Qiang on Wednesday urged Beijing and the Gulf Cooperation Council (GCC), which...

Published 11 Sep, 2024 06:59pm

Markets

Most Gulf markets edge higher ahead of US data

DUBAI: Most stock markets in the Gulf ended higher on Thursday a day after a global sell-off as investors remained...

Updated 06 Sep, 2024 08:24am

Markets

Most Gulf markets gain on US rate cut prospects

DUBAI: Most Gulf markets ended higher on Sunday, extending gains from the previous session, after data supported the...

Published 02 Sep, 2024 07:38am

Technology

PostEx announces $7.3mn pre-series A funding for expansion in Pakistan, GCC

PostEx, a prominent player in Pakistan’s financial technology sector, announced on Tuesday the completion of a $7.3...

Updated 20 Aug, 2024 10:51pm

Markets

UAE equities gain amid global rally on rate optimism

DUBAI: Stock markets in the United Arab Emirates edged higher on Friday as investor sentiment was bolstered by...

Published 17 Aug, 2024 07:37am

Markets

Most Gulf markets in black on US rate-cut hopes

DUBAI: Most stock markets in the Gulf ended higher on Thursday after benign US consumer inflation data overnight...

Published 16 Aug, 2024 06:56am

Air travel on labour visa for GCC states: FBR to charge Rs5,000 FED per ticket

ISLAMABAD: The Federal Board of Revenue (FBR) will charge fixed amount of Federal Excise Duty (FED) of Rs 5,000 per...

Updated 08 Aug, 2024 09:33am

Pakistan

NA body calls for enhancing trade ties in region

ISLAMABAD: The Standing Committee of the National Assembly on Foreign Affairs on Thursday called for enhancing trade...

Published 02 Aug, 2024 05:55am

PM announces series of significant visa reforms

ISLAMABAD: Prime Minister Shehbaz Sharif, Sunday, announced a series of significant visa reforms that will allow...

Updated 29 Jul, 2024 10:01am

Markets

Saudi bourse gains on US rate cut hopes

DUBAI: Saudi Arabia’s stock market closed higher on Sunday as investors turned their focus to US Federal Reserve...

Published 15 Jul, 2024 07:02am

Minority stakes sell: PM directs Petroleum, Finance divisions to prepare plan

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Petroleum Division and Finance Division to prepare a...

Updated 03 Jul, 2024 10:26am

Pakistan

GCC member states: ‘Visa on arrival’ will also begin soon: Aleem

ISLAMABAD: In the 5th Joint Ministerial Commission between Kuwait and Pakistan, important achievements have been ...

Published 31 May, 2024 06:58am

Editorials

A bleak investment outlook

EDITORIAL: In a much-needed fillip for Pakistan’s floundering investment landscape, Prime Minister Shehbaz Sharif’s...

Published 29 May, 2024 06:05am

Markets

UAE markets track oil prices lower

DUBAI: Stocks in the United Arab Emirates declined on Friday, pressured by losses in crude prices as strong US and...

Published 25 May, 2024 06:33am

World

Turkiye and Gulf states to launch talks for free trade pact

ANKARA: Turkiye and the Gulf Cooperation Council (GCC) have signed a deal to launch negotiations for a Free Trade...

Published 21 Mar, 2024 05:35pm

Business & Finance

Durra gas field: Iran rejects GCC communiqué

DUBAI: Iran rejected a Gulf Cooperation Council (GCC) communique claiming the Durra gas field as “jointly and only...

Published 05 Mar, 2024 03:09am

Industrialisation: Pakistan needs to be more competitive, attractive: PM

DAVOS: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday said that Pakistan needed to be more competitive...

Updated 18 Jan, 2024 09:31am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 23	283.90
USD PKR Interbank Buying / Jun 23	283.60
USD to Japanese Yen / Jun 23	147.27
USD to Swiss Franc / Jun 23	0.82
Pound Sterling to USD / Jun 23	1.34
Euro to USD / Jun 23	1.15
UK LIBOR % / Jun 20	4.96

Stock	Volume
S&P 500 / Jun 20	5,967.84
Nasdaq / Jun 20	19,447.41
Dow Jones / Jun 20	42,206.82
India Sensex / Jun 23	81,805.29
Tokyo Nikkei / Jun 23	38,354.09
Hang Seng / Jun 23	23,650.62
FTSE 100 / Jun 23	8,779.33
Germany DAX 30 / Jun 23	23,247.79
France CAC40 / Jun 23	7,558.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 20	16,785
Gold 10 Grams PKR / Jun 20	306,069
Petrol/Litre / Jun 23	258.43
Crude Oil USD/Barrel / Jun 23	74.78
Gold Spot USD/Ounce / Jun 23	3,353.56
Diesel/Litre / Jun 23	262.59
Cotton US¢/pound / Jun 23	66.65

Gainers
Losers
Leaders

Stock	Price
Cresent Jute / Jun 23 Crescent Jute Products Limited(CJPL)	7.49 ▲ 1 (15.41%)
Dewan Farooque Sp. / Jun 23 Dewan Farooque Spinning Mills Limited(DFSM)	5.21 ▲ 0.54 (11.56%)
Ist.Capital Sec / Jun 23 First Capital Securities Corporation(FCSC)	2.74 ▲ 0.25 (10.04%)
AN Textile Mills / Jun 23 AN Textile Mills Limited(ANTM)	25.70 ▲ 2.34 (10.02%)
Shahzad Tex. / Jun 23 Shahzad Textile Mills Limited(SZTM)	51.23 ▲ 4.66 (10.01%)
Karam Ceramics / Jun 23 Karam Ceramics Limited(KCL)	66.80 ▲ 6.07 (10%)
Leather Up Ltd. / Jun 23 Leather Up Limited(LEUL)	42.90 ▲ 3.9 (10%)
Fazal Cloth / Jun 23 Fazal Cloth Mills Limited(FZCM)	205.70 ▲ 18.7 (10%)
Rupali polyester / Jun 23 Rupali Polyester Limited(RUPL)	27.07 ▲ 2.46 (10%)
Frontier Ceram / Jun 23 Frontier Ceramics Limited(FRCL)	36.30 ▲ 3.3 (10%)

Stock	Price
United BankXD / Jun 23 United Bank Limited(UBL)	263.01 ▼ -261.18 (-49.83%)
First Prudential Mod. / Jun 23 First Prudential Modaraba(PMI)	3.54 ▼ -0.56 (-13.66%)
Invest Bank / Jun 23 Invest Capital Investment Bank Limited(ICIBL)	7.22 ▼ -0.97 (-11.84%)
Ghani Chemworld / Jun 23 Ghani Chemworld Limited(GCWL)	7.98 ▼ -1 (-11.14%)
F.Credit & Inv / Jun 23 First Credit and Investment Bank Limited(FCIBL)	7.75 ▼ -0.88 (-10.2%)
LSE Financial Serv. / Jun 23 LSE Financial Services Limited(LSEFSL)	32.36 ▼ -3.6 (-10.01%)
Dewan Motors / Jun 23 Dewan Farooque Motors Limited(DFML)	31.91 ▼ -3.55 (-10.01%)
MACPAC Films / Jun 23 MACPAC Films Limited(MACFL)	31.92 ▼ -3.55 (-10.01%)
Dewan Cement / Jun 23 Dewan Cement Limited(DCL)	12.49 ▼ -1.39 (-10.01%)
Arpak Int. / Jun 23 Arpak International Investments Ltd.(ARPAK)	51.53 ▼ -5.73 (-10.01%)

Stock	Volume
WorldCall Telecom / Jun 23 Worldcall Telecom Limited(WTL)	52,603,035 ▼ -0.09
Sui South Gas / Jun 23 Sui Southern Gas Company Limited(SSGC)	35,712,366 ▼ -4
Pervez Ahmed Consultancy / Jun 23 Pervez Ahmed Consultancy Services Ltd.(PASL)	23,992,293 ▼ -0.06
K-Electric Ltd. / Jun 23 K-Electric Limited(KEL)	23,678,540 ▼ -0.22
Kohinoor Spining / Jun 23 Kohinoor Spinning Mills Limited(KOSM)	22,360,339 ▼ -0.49
Fauji Cement / Jun 23 Fauji Cement Company Limited(FCCL)	16,259,049 ▼ -3.72
Maple Leaf Cement / Jun 23 Maple Leaf Cement Factory Limited(MLCF)	14,036,410 ▼ -3.05
Cnergyico PK / Jun 23 Cnergyico PK Limited(CNERGY)	13,907,753 ▼ -0.41
B.O.Punjab / Jun 23 The Bank of Punjab(BOP)	13,731,405 ▼ -0.33
Dewan Cement / Jun 23 Dewan Cement Limited(DCL)	13,670,418 ▼ -1.39

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