Trends - IT - Business Recorder

IT

Surge in power sector capacity payments ‘haemorrhaging’ government finances: Tarin

Finance minister says government paid Rs850 billion this year alone for electricity which 'we don’t even use'

Updated 17 Mar, 2022 05:37pm

Pakistan

PM Imran announces industrial package with eyes on foreign exchange inflow

Says government's priority is to promote export-oriented industries

Updated 01 Mar, 2022 06:12pm

Business & Finance

PM Imran bets on IT sector to generate employment, dollar inflow

Says govt aiming to take IT-related exports to $50bn in coming years, interested in involving Bill Gates in advisory position

Updated 21 Feb, 2022 07:25pm

Pakistan

President advises students to focus on IT

KARACHI: Advising the students, President Dr Arif Alvi said that they should work hard and focus on IT education in...

Published 21 Feb, 2022 07:25am

BR Research

Interview with Abdul Razak Dawood, Adviser for Commerce and Investment to Prime Minister

‘Export growth and tariff rationalisation are key objectives this year’ In his latest interview with BR...

Updated 31 Jan, 2022 11:24am

Pakistan

President underscores need for promoting IT, AI, virtual learning

ISLAMABAD: President Dr Arif Alvi, on Thursday, while calling for promotion of information technology, artificial...

Published 28 Jan, 2022 04:45am

Pakistan

PM performs ground-breaking of ‘Digital City’

PESHAWAR: Prime Minister Imran Khan on Monday performed the ground-breaking of the country’s first ever Pakistan...

Published 18 Jan, 2022 04:20am

IT, GST, FED cases: FBR finalising names of third-party auditors for TY19

ISLAMABAD: The Federal Board of Revenue (FBR) is in the process of finalising third-party auditors for audit of...

Updated 14 Dec, 2021 10:09am

Business & Finance

Systems Limited announces investment from Bill & Melinda Gates Foundation

Its subsidiary, a microretailer digitisation and payment platform, has received the investment, but amount of funds not disclosed

Published 17 Nov, 2021 12:57pm

Pakistan

Samina Alvi for empowerment of women through IT

KARACHI: First Lady Samina Alvi on Sunday stressed the need for the empowerment of the women through Information...

Published 18 Oct, 2021 04:42am

Technology

IT, telecom fields: Pakistan, UAE agree to enhance cooperation

ISLAMABAD: Ambassador of United Arab Emirates (UAE) to Pakistan Hamad Obaid Ibrahim Al-Zaabi called on Federal...

Published 10 Sep, 2021 04:41am

Pakistan

IT, telecom projects: USF policy board approves over Rs18bn budget

ISLAMABAD: The Policy Committee of the Universal Service Fund (USF) under the Ministry of Information Technology ...

Published 08 Aug, 2021 03:38am

Pakistan

Salaried employees: Income tax exemption being restored on medical reimbursement

ISLAMABAD: The government has decided to restore income tax exemption on the medical allowances/reimbursement...

Updated 25 Jun, 2021 12:23pm

World

India accuses Twitter of ignoring new rules as row festers

NEW DELHI: India’s battle with Twitter escalated on Wednesday with the government accusing the US firm of...

Published 17 Jun, 2021 03:27am

Technology

Pakistan's Saffran Group lands $3.2m order from Japanese company

Bears Inc. awards contract to build IT platform for its real estate business

Published 15 Jun, 2021 12:40pm

Business & Finance

Power generation projects: IT exemption on profits, gains causes Rs47bn loss

ISLAMABAD: The income tax exemption on the profits and gains of power generation projects set up in Pakistan has...

Published 14 Jun, 2021 03:39am

Pakistan

IT, telecommunication: All events, ceremonies to be conducted in national language: ministry

ISLAMABAD: The Ministry of Information Technology and Telecommunication has notified that all the events and...

Published 08 Jun, 2021 04:09am

Technology

Technology Park to be built in Pakistan’s first STZ

The project is expected to create more than 5000 highly skilled jobs and generate over US$ 200 million of revenue

Published 02 Jun, 2021 12:44pm

Pakistan

PM orders setting up of Islamabad Special Tech Zone at earliest

ISLAMABAD: Prime Minister Imran Khan on Monday said promotion of information technology was a priority for his...

Published 01 Jun, 2021 04:59am

Business

Advance income tax on telecom sector to be reduced

ISLAMABAD: The Finance Ministry has assured of reducing advance income tax on telecom sector from 12.5 percent to 10...

Published 27 May, 2021 03:40am

Business & Finance

Chinese trade team to visit Pakistan

ISLAMABAD: A Chinese trade delegation from Guangxi Province will visit Pakistan to explore new investment venues in...

Updated 19 Apr, 2021 09:53am

Pakistan

Agreement inked with PITB: National Freelance Training Centre to be set up at IIUI

ISLAMABAD: International Islamic University, Islamabad (IIUI) and the Punjab Information Technology Board (PITB)...

Published 10 Apr, 2021 04:35am

Pakistan

IT Ministry launches “Tech Destination Pakistan” initiative

On Wednesday, Pakistan's IT Minister Syed Aminul Haque announced the launch of Tech Destination Pakistan, an initiative which aims to promote the country's information technology industry.
He also mentioned that this improved performance has been acknowledged by the State Bank of Pakistan, expressing his optimism that the IT exports will cross the target of $2 billion by the end of the year.

Published 17 Mar, 2021 04:03pm

Business & Finance

How will govt Income Tax (Amendment) Bill 2021 impact industry?

Regarding the removal of tax exemption on the sale of immovable property to REITs, the report was of the view that this will not impact listed REITs.
However, this may have a negative impact on potential REIT listings.

Published 13 Mar, 2021 01:52pm

P@SHA concerned over proposed tax credit scheme

Business & Finance

[email protected] concerned over proposed tax credit scheme

ISLAMABAD: Pakistan Software Houses Association ([email protected]) has expressed strong concern over proposed tax credit scheme...

Published 13 Mar, 2021 04:28am

Business & Finance

Major amendments made in Income Tax (Second Amendment) Act, 2021

A number of amendments have been made into the act, Section 64C and 65C have been omitted, and after Section 65E, Section 65F and Section 65G have been inserted.

Published 12 Mar, 2021 04:14pm

Business & Finance

Ex-Commerce minister blast at govt decision to withdraw tax exemptions

Akhtar said unfortunately Pakistan is moving in an opposite direction. “I think this will have a negative impact on Pakistan’s economy,” he said.

Published 11 Mar, 2021 02:50pm

Technology

IT & ITeS export remittances rise to $1.119bn: PSEB

IT-related export remittances have risen up to $1.119 billion during the July to January period of financial year 2020-21, according to the Pakistan Software Export Board (PSEB).

Published 24 Feb, 2021 03:25pm

Pakistan

PITB, [email protected] sign MoU

LAHORE: In order to promote collaboration between public-private sectors and explore avenues of potential growth for...

Updated 18 Feb, 2021 09:32am

Business & Finance

Automobile, fisheries and IT: Japan, Sindh govt agree to work together

KARACHI: Sindh Chief Minister and Japanese ambassador in Pakistan Kuninori Matsuda agreed to work together for the...

Updated 16 Feb, 2021 09:32am

Gainers
Losers
Leaders

Stock	Price
Bilal Fibres / May 25 Bilal Fibres Limited(BILF)	2.45 ▲ 0.40 (19.51%)
Grays Leasing / May 25 Grays Leasing Limited(GRYL)	3.48 ▲ 0.49 (16.39%)
Hira Textile / May 25 Hira Textile Mills Limited(HIRAT)	2.89 ▲ 0.35 (13.78%)
Shaheen Ins. / May 25 Shaheen Insurance Company Limited(SHNI)	3.20 ▲ 0.38 (13.48%)
Khurshid Spinning / May 25 Khurshid Spinning Mills Limited(KHSM)	11.65 ▲ 1.00 (9.39%)
Avanceon Ltd / May 25 Avanceon Limited(AVN)	74.41 ▲ 5.19 (7.50%)
Universal Network / May 25 Universal Network Systems Limited(GEMUNSL)	55.90 ▲ 3.90 (7.50%)
Dadex Eternit / May 25 Dadex Eternit Limited(DADX)	89.70 ▲ 6.25 (7.49%)
Octopus Digital / May 25 Octopus Digital Limited(OCTOPUS)	62.54 ▲ 4.36 (7.49%)
Shahtaj Textile / May 25 Shahtaj Textile Limited(STJT)	87.07 ▲ 6.07 (7.49%)

Stock	Price
Service Textile / May 25 Service Industries Textiles Limited(SERT)	9.06 ▲ -0.94 (-9.40%)
Huffaz Seamless / May 25 Huffaz Seamless Pipe Industries Limited(HSPI)	11.21 ▲ -0.97 (-7.96%)
Nagina Cot. / May 25 Nagina Cotton Mills Limited(NAGC)	89.63 ▲ -7.26 (-7.49%)
Sapphire Fib. / May 25 Sapphire Fibres Limited(SFL)	1011.01 ▲ -81.78 (-7.48%)
Pak Agro Pack. / May 25 Pak Agro Packaging Limited(GEMPAPL)	12.44 ▲ -1.00 (-7.44%)
Supernet Ltd. / May 25 Supernet Limited(GEMSPNL)	18.70 ▲ -1.50 (-7.43%)
Saif Textile / May 25 Saif Textile Mills Limited(SAIF)	21.29 ▲ -1.71 (-7.43%)
AL-Noor Sugar / May 25 Al-Noor Sugar Mills Limited(ALNRS)	48.20 ▲ -3.81 (-7.33%)
Dawood Lawrencepur / May 25 Dawood Lawrencepur Limited(DLL)	177.52 ▲ -13.43 (-7.03%)
Prosperity Weav / May 25 Prosperity Weaving Mills Limited(PRWM)	45.56 ▲ -3.44 (-7.02%)

Stock	Volume
Pak Refinery / May 25 Pakistan Refinery Limited(PRL)	21,151,676 ▼ 0.00
K-Electric Ltd. / May 25 K-Electric Limited(KEL)	15,051,000 ▼ 0.00
WorldCall Telecom / May 25 Worldcall Telecom Limited(WTL)	13,309,000 ▼ 0.00
Cnergyico PK / May 25 Cnergyico PK Limited(CNERGY)	12,718,144 ▼ 0.00
Ghani Glo Hol / May 25 Ghani Global Holdings Limited(GGL)	10,937,015 ▼ 0.00
Unity Foods Ltd / May 25 Unity Foods Limited(UNITY)	9,745,582 ▼ 0.00
TPL Properties / May 25 TPL Properties Limited(TPLP)	9,184,148 ▼ 0.00
Maple Leaf / May 25 Maple Leaf Cement Factory Limited(MLCF)	7,446,984 ▼ 0.00
Silk Bank Ltd / May 25 Silkbank Limited(SILK)	6,492,000 ▼ 0.00
Telecard Limited / May 25 Telecard Limited(TELE)	6,382,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 24	201.30
USD PKR Interbank Buying / May 24	201.10
USD to Japanese Yen / May 24	126.88
USD to Swiss Franc / May 24	0.96
Pound Sterling to USD / May 24	1.25
Euro to USD / May 24	1.07
UK LIBOR % / May 24	0.82

Stock	Volume
S&P 500 / May 24	3941.48
India Sensex / May 24	54052.61
Tokyo Nikkei / May 24	26748.14
Nasdaq / May 24	11264.45
Hang Seng / May 24	20112.10
FTSE 100 / May 24	7484.35
Dow Jones / May 24	31928.62
Germany DAX 30 / May 24	13919.75
France CAC40 / May 24	6253.14

Item	Value
Crude Oil USD/Barrel / May 24	110.54
Karachi Cotton PKR/37.32 KG / May 24	21180.00
Gold 10 Grams PKR / May 24	118500.00
Gold Spot USD/Ounce / May 24	1866.30
Cotton US¢/pound / May 24	123.78

IT

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