Trends - GCC - Business Recorder

GCC

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

Editorials

SIFC making waves

EDITORIAL: The apex committee of the Special Investment Facilitation Council (SIFC), comprising the country’s...

Published 08 Jan, 2024 05:23am

Markets

Most Gulf markets rise on US rate cut bets

DUBAI: Most stock markets in the Gulf ended higher on Tuesday on bets that the US Federal Reserve will start to cut...

Published 03 Jan, 2024 05:32am

Markets

Most Gulf bourses gain on US rate cut bets

DUBAI: Most stock markets in the Gulf ended higher on Wednesday on optimism that the US Federal Reserve will start...

Published 28 Dec, 2023 04:52am

Markets

Gulf markets gain as US inflation moderates

DUBAI: Most stock markets in the Gulf rose on Monday with cooler-than-expected US inflation data supporting the view...

Published 26 Dec, 2023 04:30am

World Bank projects drop in remittance flows

ISLAMABAD: The World Bank has projected a drop in remittance flows to Pakistan to $24 billion in 2023 and further...

Updated 19 Dec, 2023 09:32am

Investment modalities: Consensus reached with KSA

ISLAMABAD: Islamabad and Riyadh on Sunday reached a consensus on investment modalities, paving the way for...

Updated 04 Dec, 2023 11:44am

Opinion

Battling food insecurity in Pakistan

In the world where technological advancements and scientific breakthroughs are pushing the boundaries of perceived...

Published 03 Dec, 2023 02:59am

BIT template issue settled: Crucial FTA with GCC finalised

ISLAMABAD: A Pakistani delegation led by caretaker Minister for Commerce and Industries, Gohar Ijaz has finalised...

Updated 03 Dec, 2023 09:38pm

Pakistan

Kakar for utilising loss & damage fund on merit

DUBAI: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday stressed the need to immediately operationalise the...

Published 01 Dec, 2023 04:43am

Dispute settlement mechanisms: BoI asked to show ‘flexibility’

ISLAMABAD: The Federal Cabinet has directed Board of Investment (BoI) to show flexibility in adopting an...

Updated 29 Nov, 2023 08:55am

Markets

Gulf bourses end higher on bets for end of rate-hike cycle

DUBAI: Stock markets in the Gulf ended higher on Thursday, as rising expectations of an end to the US Federal...

Published 17 Nov, 2023 06:06am

Markets

Gulf markets in black on interest rate cuts bets

DUBAI: Most stock markets in the Gulf ended higher on Wednesday as expectations of an end to a global rate hike ...

Published 16 Nov, 2023 05:39am

KSA, Qatar: Issues over BIT template block huge investment

ISLAMABAD: The Board of Investment (BoI) is likely to move the Federal Cabinet to scrap Bilateral Investment Treaty...

Updated 08 Nov, 2023 08:34am

FTA with GCC states making little or no headway

Free Trade Agreement with Gulf Cooperation Council has neither been signed nor yet finalised at any forum

Updated 04 Nov, 2023 04:05pm

Remittance inflows likely to recover

Experts say that improvement inflows likely as PKR marked a significant comeback against US dollar in interbank and open market in last few weeks

Updated 30 Oct, 2023 10:05am

Markets

Gulf bourses drop amid hawkish Fed tone, Mideast conflict

RIYADH: Stock markets in the Gulf fell on Sunday amid warnings of possible further interest rate hikes from the U.S...

Published 23 Oct, 2023 05:58am

World

Gulf-ASEAN summit denounces attacks on Gaza civilians

RIYADH: Gulf and Southeast Asian leaders on Friday condemned attacks on civilians in the Gaza Strip and called for a...

Published 20 Oct, 2023 08:25pm

Ejaz over-exaggerated GCC-Pakistan FTA?

ISLAMABAD: Caretaker Minister for Commerce and Industries, Gohar Ejaz is said to have “over exaggerated” Free Trade...

Updated 06 Oct, 2023 09:48am

Technology

‘GITEX GLOBAL 2023’ in Dubai: Pakistan companies look to build on last year’s successes

KARACHI: Some 48 Pakistani companies are registered to exhibit at the 43rd edition of GITEX GLOBAL this year in...

Updated 04 Oct, 2023 09:29am

Business & Finance

PBF hails Pakistan-GCC FTA

KARACHI: The Pakistan Business Forum (PBF) has commended the efforts of the Ministry of Commerce for finalising the...

Published 02 Oct, 2023 06:33am

GCC, Pakistan sign FTA

ISLAMABAD: The Pakistan and Gulf Cooperation Council (GCC) are said to have signed “face-saving” Free Trade...

Updated 01 Oct, 2023 09:29am

Markets

Major Gulf indexes subdued as rate outlook rattles investors

DUBAI: Most major stock markets in the Gulf ended lower on Monday, alongside subdued global equities, as investor...

Published 26 Sep, 2023 06:33am

Pakistan

Jilani meets GCC secretary general

ISLAMABAD: Caretaker Foreign Minister Jalil Abbas Jilani met with Jassem Mohamed Albudaiwi, Secretary General of the...

Published 25 Sep, 2023 06:34am

Initially, Pakistan and GCC likely to sign FTAs on limited items

ISLAMABAD: Pakistan and Gulf Cooperation Council (GCC) are likely to sign the long-debated Free Trade Agreements...

Updated 22 Sep, 2023 10:01am

Jilani expects ‘huge’ investment from Gulf states

ISLAMABAD: Caretaker Foreign Minister Jalil Abbas Jilani on Wednesday said that a huge investment is expected to...

Updated 31 Aug, 2023 08:42am

Opinion

‘Your network is your net worth’

People love to belong. They feel it gives them status, security, opportunity for upward or lateral mobility. Some...

Updated 01 Aug, 2023 06:45am

Incentives, innovative services: Remittance inflows from GCC states may soar to $20bn: experts

KARACHI: The remittance inflows can be increased by more than $5 billion to $20 billion to Pakistan through the...

Updated 21 Jul, 2023 09:25am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 16	5297.10
Nasdaq / May 16	16698.32
Dow Jones / May 16	39869.38
India Sensex / May 17	73946.83
Tokyo Nikkei / May 17	38787.38
Hang Seng / May 17	19525.75
FTSE 100 / May 17	8430.62
Germany DAX 30 / May 17	18692.83

Item	Value
Petrol/Litre / May 17	273.10
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210048
Gold Spot USD/Ounce / May 17	2386.18
Diesel/Litre / May 17	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

GCC

Most Popular