Trends - IT - Business Recorder

IT

IT sector: Budget brings in huge incentives

ISLAMABAD: The government has announced huge incentives for Information Technology (IT) Sector, IT exports and IT...

Published 10 Jun, 2023 05:01am

PM urges Turkish businesspeople to invest

ANKARA: Prime Minister Shehbaz Sharif Saturday invited Turkish businessmen to invest in Pakistan and establish...

Updated 04 Jun, 2023 09:30am

World

India launches $2bn incentive package to boost IT hardware production

NEW DELHI: India on Wednesday unveiled an expanded incentive scheme to attract big-ticket investments in IT hardware...

Published 17 May, 2023 04:50pm

Business & Finance

FY 2022-23: IT, ITeS export remittances decline in nine months

ISLAMABAD: The IT and IT-enabled Services (ITeS) export remittances comprising computer and call centre services...

Published 20 Apr, 2023 06:30am

NTC’s budget sent to ECC for approval

ISLAMABAD: The Ministry of Information Technology and Telecommunication has sought the Economic Coordination...

Updated 10 Apr, 2023 08:29am

Business & Finance

Jul-Feb FY23: IT, ITeS export remittances up 1.7pc to $1.718bn

ISLAMABAD: The IT and IT-enabled Services (ITeS) export remittances comprising computer and call centre services...

Published 21 Mar, 2023 06:29am

Business & Finance

IT roadmap developer explains how LSM sector can boost exports

LAHORE: Large-Scale Manufacturing (LSM) sector in Pakistan has potential to significantly increase exports by using...

Published 16 Mar, 2023 06:01am

Business & Finance

FD raises objections over 5Es Framework for enhancing exports

ISLAMABAD: The Finance Division has raised objections over the 5Es Framework for enhancing exports, while saying ...

Published 06 Mar, 2023 07:45am

Technology

CCP, PTA ink MoU on collaboration in ICT

ISLAMABAD: The Competition Commission of Pakistan (CCP) and Pakistan Telecommunication Authority (PTA) Friday signed...

Published 04 Mar, 2023 06:52am

Business & Finance

PTA, Nadra sign MoU on digital, social, economic transformation

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) and the National Database and Registration Authority...

Published 03 Mar, 2023 06:12am

Business & Finance

Jul-Jan 2022-23: IT, ITeS export remittances up 2.4pc to $1.523bn YoY

ISLAMABAD: The IT and IT-enabled Services (ITeS) export remittances comprising computer services and call centre...

Published 21 Feb, 2023 05:57am

Pakistan

IT exhibition, job fair held at SAU

HYDERABAD: The FAO, industry and academia have agreed to promote agri-tech in the country, develop the value of...

Published 08 Feb, 2023 06:10am

Pakistan

General election not possible before Oct?

ISLAMABAD: Federal Minister for Information Technology and Telecommunication Syed Aminul Haque has said that the...

Updated 02 Feb, 2023 09:12am

Business & Finance

SBP orders dealers to facilitate IT, ITeS exporters

ISLAMABAD: The State Bank of Pakistan has directed authorised dealers to swiftly facilitate IT and ITeS exporters,...

Published 31 Jan, 2023 06:01am

Business & Finance

Telecom, data infrastructure: World Bank advocates regulatory reforms, investments to improve climate resilience

ISLAMABAD: Regulatory reforms and investments are needed to improve the climate resilience of telecom and data...

Published 26 Jan, 2023 05:58am

Special foreign currency accounts: SBP allows IT exporters to retain 35pc of proceeds

KARACHI: In order to encourage IT companies and freelancers to bring their foreign exchange earnings into the...

Updated 14 Jan, 2023 04:29pm

Business & Finance

Telecom industry facing serious challenges, say officials

ISLAMABAD: The telecom industry in Pakistan is facing serious challenges, especially after recent floods and problem...

Published 05 Jan, 2023 05:58am

IT exports: PM voices dissatisfaction

ISLAMABAD: Prime Minister Shehbaz Sharif has been informed that the Federal Board of Revenue (FBR) has established...

Updated 24 Dec, 2022 10:02am

Pakistan

Dar for resolving outstanding issues between Etisalat, PC

ISLAMABAD: Finance Minister Ishaq Dar has emphasized of resolving outstanding issues between Etisalat and the...

Published 21 Dec, 2022 06:32am

Pakistan

Web 3.0 launched at PITB: Alvi terms ICT sector game changer for economy

LAHORE: Terming the Information and Communications Technology (ICT) sector as the game changer for Pakistan’s...

Published 17 Dec, 2022 07:54am

Pakistan

Inappropriate use of internet among youths alarming: Sadia Rashid

KARACHI: The internet is a catalyst for globalization as it has united the world. Information Technology is changing...

Updated 14 Dec, 2022 07:29am

Pakistan

Ahsan for making use of IT to ensure exponential growth in all sectors

ISLAMABAD: Minister for Planning, Development and Special Initiative Ahsan Iqbal has called for making use of...

Published 13 Dec, 2022 06:51am

Business & Finance

SBP-FBR policies hindering IT export growth: minister

ISLAMABAD: Federal Minister for IT and Telecommunication Syed Aminul Haq said on Monday that the Federal Board of...

Published 13 Dec, 2022 06:10am

Supplements

National Root Certificate Authority: Messages From Amin-ul-Haq Federal Minister, IT

TEXT: I am delighted to felicitate Electronic Certification Accreditation Council (ECAC) management and employees on...

Published 07 Dec, 2022 06:24am

Supplements

National Root Certificate Authority: Messages From Mohsin Mushtaq Federal Secretary, IT

TEXT: I extend my heartiest congratulations to Electronic Certification Accreditation Council (ECAC) on ...

Published 07 Dec, 2022 06:23am

Business & Finance

Amin urges Dar to ‘direct’ SBP to make payments

ISLAMABAD: Federal IT and Telecom Minister Syed Aminul Haque wrote a letter to Finance Minister Ishaq Dar regarding...

Updated 27 Nov, 2022 09:43am

Business & Finance

Payments to Google: SBP rejects allegations

KARACHI: Recent news circulating in some sections of the media that certain payments to Google are stuck at the...

Updated 27 Nov, 2022 09:43am

Technology

Suspension of DCB payments to Google Play: users, telecom companies at receiving end

Facing a growing liquidity shortage as foreign exchange reserves continue to fall, Pakistan’s central bank has...

Published 26 Nov, 2022 05:47pm

Telecom sector: Ministry takes up WHT issue with Finance Division, FBR

ISLAMABAD: The Ministry of Information Technology and Telecommunication has taken up the issue of withholding tax on...

Updated 24 Nov, 2022 09:41am

Technology

IT Park project worth Rs41bn launched in Karachi

Federal Ministry of Information Technology and Telecommunication (MOITT) on Monday launched Pakistan's largest...

Published 07 Nov, 2022 07:53pm

Gainers
Losers
Leaders

Stock	Price
Power Cem(Pref) / Jun 10 Power Cement (Pref)(POWERPS)	6 ▲ 1.00 (20.00%)
Pak Gulf Leasing / Jun 10 Pak-Gulf Leasing Company Limited(PGLC)	7.55 ▲ 1.00 (15.27%)
PICIC Ins.Ltd. / Jun 10 PICIC Insurance Limited(PIL)	0.68 ▲ 0.09 (15.25%)
Sindh Modaraba / Jun 10 Sindh Modaraba(SINDM)	8.20 ▲ 1.00 (13.89%)
Sec. Inv. Bank / Jun 10 Security Investment Bank Limited(SIBL)	5.50 ▲ 0.54 (10.89%)
Hala Enterprise / Jun 10 Hala Enterprises Limited(HAEL)	7.05 ▲ 0.65 (10.16%)
Merit Packaging / Jun 10 Merit Packaging Limited(MERIT)	8.80 ▲ 0.79 (9.86%)
Popular Islamic / Jun 10 Popular Islamic Modaraba(PIM)	10.95 ▲ 0.96 (9.61%)
Next Capital / Jun 10 Next Capital Limited(NEXT)	5.44 ▲ 0.45 (9.02%)
Ist.Dawood Bank / Jun 10 First Dawood Investment Bank Limited(FDIBL)	1.70 ▲ 0.14 (8.97%)

Stock	Price
Mod. Al-Mali (R) / Jun 10 Modaraba Al-Mali R(MODAMR1)	0.23 ▼ -0.25 (-52.08%)
F.Treet Manuf / Jun 10 First Treet Manufacturing Modaraba(FTMM)	5.36 ▼ -1.00 (-15.72%)
HBL Invest Fund / Jun 10 HBL Investment Fund(HIFA)	1.38 ▼ -0.22 (-13.75%)
Service Textile / Jun 10 Service Industries Textiles Limited(SERT)	6.50 ▼ -0.70 (-9.72%)
Tariq Corp.Pref. / Jun 10 Tariq Corporation Limited-Preference Shares(TCORPCPS)	9.49 ▼ -1.00 (-9.53%)
United Brands / Jun 10 United Brands Limited(UBDL)	10.20 ▼ -0.94 (-8.44%)
EFG Hermes Pak / Jun 10 EFG Hermes Pakistan Limited(EFGH)	11.50 ▼ -0.98 (-7.85%)
First IBL Mod. / Jun 10 First IBL Modaraba(FIBLM)	2.60 ▼ -0.22 (-7.80%)
Allawasaya Tex / Jun 10 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	2764 ▼ -224.00 (-7.50%)
Ellcot Spinning / Jun 10 Ellcot Spinning Mills Limited(ELSM)	97.52 ▼ -7.91 (-7.50%)

Stock	Volume
Unity Foods Ltd / Jun 10 Unity Foods Limited(UNITY)	28,723,523 ▲ 0.24
TPL Properties / Jun 10 TPL Properties Limited(TPLP)	19,470,263 ▲ 0.38
WorldCall Telecom / Jun 10 Worldcall Telecom Limited(WTL)	17,617,018 ▲ 0.01
Faysal Bank / Jun 10 Faysal Bank Limited(FABL)	10,414,954 ▲ 1.25
Hascol Petrol / Jun 10 Hascol Petroleum Limited(HASCOL)	9,814,500 ▲ 0.23
Pak Refinery / Jun 10 Pakistan Refinery Limited(PRL)	9,600,621 ▼ -0.04
P.I.A.C.(A) / Jun 10 Pakistan International Airlines Corp(PIAA)	8,850,500 ▲ 0.02
Pak Int.Bulk / Jun 10 Pakistan International Bulk Terminal(PIBTL)	6,660,000 ▲ 0.12
Fauji Foods Ltd / Jun 10 Fauji Foods Limited(FFL)	6,382,956 ▲ 0.01
Telecard Limited / Jun 10 Telecard Limited(TELE)	5,453,799 ▲ 0.15

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 9	286.95
USD PKR Interbank Buying / Jun 9	286.80
USD to Japanese Yen / Jun 9	139.40
USD to Swiss Franc / Jun 9	0.90
Pound Sterling to USD / Jun 9	1.26
Euro to USD / Jun 9	1.07
UK LIBOR % / Jun 9	5.07

Stock	Volume
S&P 500 / Jun 9	4298.86
India Sensex / Jun 9	62625.63
Tokyo Nikkei / Jun 9	32265.17
Nasdaq / Jun 9	13259.14
Hang Seng / Jun 9	19389.95
FTSE 100 / Jun 9	7562.36
Dow Jones / Jun 9	33876.78
Germany DAX 30 / Jun 9	15949.84
France CAC40 / Jun 9	7213.14

Item	Value
Crude Oil USD/Barrel / Jun 9	70.17
Karachi Cotton PKR/37.32 KG / Jun 9	20235
Gold 10 Grams PKR / Jun 9	196588
Gold Spot USD/Ounce / Jun 9	1961.19
Cotton US¢/pound / Jun 9	81.82

IT

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