Trends - LCs - Business Recorder

LCs

A great social and political upheaval is coming?

There are two extremely discomforting economic phenomena unfolding simultaneously in Pakistan – one is dangerously...

Published 20 Feb, 2023 06:26am

Dar presents Rs170bn tax measures

Blames previous government and last year’s devastating floods for the current economic situation

Updated 16 Feb, 2023 09:00am

Markets

OMAP demands govt to solve issue of opening LCs

LAHORE: Oil Marketing Association of Pakistan (OMAP) on Monday demanded that government should solve the issue of...

Published 14 Feb, 2023 05:58am

Business & Finance

LCs issue results in shortage of steel rebars

ISLAMABAD: The country is facing severe shortage of steel rebars due to the delay in the opening of the Letters of...

Published 14 Feb, 2023 05:58am

Business & Finance

Spectrum availability not being fully utilised by CMOs

ISLAMABAD: The government has sufficient spectrum to offer for any future spectrum auction for NGMS in Pakistan;...

Updated 13 Feb, 2023 09:20am

Opinion

Steel, pharma sectors hit harder

The issue of letters of credit (LCs) has strongly affected the two sectors in particular: construction (read steel)...

Published 12 Feb, 2023 03:56am

Editorials

Imminent ‘catastrophe’

EDITORIAL: The government is trying to keep a straight face, but it seems pretty helpless as around 40 ...

Published 11 Feb, 2023 05:57am

Business & Finance

330 govt buildings: PD blames uncertainty over LCs for failure of solarisation plan

ISLAMABAD: Power Division has reportedly held State Bank of Pakistan (SBP) responsible for failure of solarization ...

Published 09 Feb, 2023 06:51am

Business & Finance

Medicine makers call for price hike

ISLAMABAD: The Pakistan Pharmaceutical Manufacturers Association (PPMA) has asked the government to immediately...

Published 08 Feb, 2023 06:10am

Business & Finance

Governors of Punjab, KP open new FPCCI office in Lahore

LAHORE: Governor Punjab Muhammad Balighur Rehman and Governor Khyber Pakhtunkhwa Haji Ghulam Ali on Monday...

Published 07 Feb, 2023 06:07am

Steel industry: SBP urged to help resolve issue of LCs

ISLAMABAD: The steel industry of Pakistan, facing a severe crisis, has made an urgent appeal to the State Bank of...

Updated 06 Feb, 2023 09:09am

Business & Finance

Likely output dip in Feb, Mar: Indus Motor offering full refund with interest to customers

KARACHI: Amid the current economic crisis, Indus Motor Company (IMC) is offering a full refund with interest to its...

Updated 04 Feb, 2023 10:17am

Opinion

The crisis was foretold

Former Deputy Governor Dr Murtaza Syed in a hard-hitting article laments that the crisis facing the economy today...

Updated 04 Feb, 2023 07:24am

Industry yet to export any amount of sugar

ISLAMABAD: The country’s sugar industry has not yet been able to export any amount of sugar out of 250,000 tons...

Updated 04 Feb, 2023 09:29am

Opinion

PBC heaping praise on SBP

According to media reports, a Pakistan Business Council (PBC) delegation that has recently met the Governor of the...

Published 03 Feb, 2023 06:17am

Markets

OMAP requests Ogra chief to save oil industry from financial crisis

LAHORE: The Oil Marketing Association of Pakistan (OMAP) has requested the chairman Oil and Gas Regulatory Authority...

Published 03 Feb, 2023 06:17am

Business & Finance

Auto parts stuck at ports lead to massive smuggling: PASPIDA

KARACHI: Members of a delegation of the Pakistan Automobile Spare Parts Importers and Dealers Association (PASPIDA),...

Published 03 Feb, 2023 06:17am

Business & Finance

PAMA, PAAPAM apprise SBP governor about problems facing the auto industry

KARACHI: The Pakistan Automotive Manufacturers (PAMA) and the Pakistan Association of Automotive Parts and...

Published 03 Feb, 2023 06:17am

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

Country braces for fuel shortages?

KARACHI: Pakistan could face a crunch in fuel supplies in February as banks have stopped financing and facilitating...

Updated 01 Feb, 2023 08:54am

Opinion

State of the economy

The first six months of 2022-23 have witnessed considerable uncertainty about country’s economic prospects. ...

Published 31 Jan, 2023 06:01am

Business & Finance

LCs: steel sector says facing dire situation

ISLAMABAD: The steel industry is facing a critical situation as the State Bank of Pakistan (SBP) is still not...

Updated 31 Jan, 2023 08:58am

Opinion

Scarcity of medicines

The issue of letters of credit (LCs) has enormously added to both price hike and inflationary pressures. It has also...

Published 28 Jan, 2023 06:20am

ECC approves revised conditions for sugar export

ISLAMABAD: The meeting of the Economic Coordination Committee (ECC) of the Cabinet has revised conditions regarding...

Updated 27 Jan, 2023 09:06am

Editorials

Currencies: criticality of course correction

EDITORIAL: Increasing controls on L/Cs along with exchange rate restrictions on the interbank market have only...

Published 27 Jan, 2023 06:15am

Business & Finance

Shipping forwarders, cos increase charges

LAHORE: Shipping forwarders as well as companies have increased their charges exorbitantly, adding insult to the...

Published 25 Jan, 2023 07:11am

Business & Finance

Non-opening of LCs hampering jute bags production: PJMA

LAHORE: Non-opening of LCs by the banks has created shortage of raw materials imported mainly from Bangladesh for...

Published 24 Jan, 2023 07:58am

Business & Finance

Containers stuck at ports: FPCCI chief lauds SBP’s step

LAHORE: Irfan Iqbal Sheikh, President FPCCI, has welcomed SBP’s policy decision on Monday to allow clearance of...

Published 24 Jan, 2023 07:19am

Business & Finance

Traders stage protest demo against ‘anti-industry’ policies

LAHORE: The business community lodged a massive and strong protest demonstration in front of Lahore Press Club, here...

Published 24 Jan, 2023 07:17am

Business & Finance

Stranded containers: Govt decides to waive demurrage, port charges

KARACHI: The Federal Government has decided to waive all demurrage and port charges of around 8000 containers...

Published 24 Jan, 2023 07:01am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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