Trends - Pakistan - Business Recorder

Pakistan

Inflation bites consumers in the first month of financial year

On month-on-month basis, the inflation rate increased by 2.5pc in July 2020 as compared to an increase of 0.8pc in the previous month and an increase of 1.8pc in July 2019.

Updated 03 Aug, 2020 04:35pm

Perspectives

The Case of Dual Nationality Within Political Systems

Pakistan, once again, is embroiled in the controversy of dual citizens holding public offices. The latest...

Published 03 Aug, 2020 02:48pm

Sports

Misbah and co. considering possibility of playing two spinner in first Test

The first Test will start on Wednesday in Manchester.

Updated 03 Aug, 2020 03:59pm

Sports

PCB clarifies stance on registration of cricket associations

The next step is to constitute interim committees to adopt the model constitution and run the affairs of the associations till the duly elected representatives take offices.

Published 03 Aug, 2020 02:04pm

Business & Finance

Pakistan’s BOP position to improve on back of low trade deficit, remittances; Study

The report was of the view that as the number of daily new cases and deaths are falling, the country is likely to remain open, lowering the odds of a domestic supply disruption.

Published 03 Aug, 2020 12:29pm

Business & Finance

Including Pakistan, Kuwait bans flights to several 'high risk' countries

The countries include India, Pakistan, Egypt, the Philippines, Lebanon and Sri Lanka - all countries with large populations in Kuwait. The list also includes China, Iran, Brazil, Mexico, Italy and Iraq.

Published 03 Aug, 2020 12:07pm

Business & Finance

COVID-19 to hit hard Pakistan’s remittance inflows: ADB

“The COVID-19 pandemic is expected to hit remittances hard in Asia and the Pacific. In 2019, 6 of the 10 largest remittance recipients globally were from this region—India, the People’s Republic of China (PRC), the Philippines, Pakistan, Bangladesh, and Vietnam,” said ADB in its report.

Published 03 Aug, 2020 10:36am

Business & Finance

Metro Pakistan initiates ‘Madadgar programme’ with Akhuwat foundation

The micro-finance programme, in collaboration with Akhuwat, will provide support to the small businesses which are impacted by the ongoing pandemic and its aftermaths.

Updated 30 Jul, 2020 08:34pm

Business & Finance

Pakistan sets new record in electricity generation

As per the federal minister, the record was achieved on Tuesday at around 3 pm, when Pakistan generated 23,116 MW of electricity.

Published 30 Jul, 2020 03:16pm

Pakistan welcomes Eid ceasefire announcement by Taliban, Afghan govt

It also hoped that further steps will be taken to implement the US-Taliban Peace Agreement leading to Intra-Afghan negotiations.

Published 30 Jul, 2020 03:15pm

Sports

Lucky to have Shaheen, Naseen in Pakistan squad: Azhar Ali

The captain admits that players were rusty at the start.

Updated 30 Jul, 2020 03:32pm

Pakistan

Pakistan receives second consignment of ventilators from US

US has provided 100 respiratory ventilators to Pakistan.

Published 30 Jul, 2020 02:23pm

Sports

PCB expects England to 'do the right thing' in 2022

England last visited Pakistan in 2005 and are slated to return in 2022.

Published 30 Jul, 2020 02:07pm

Sports

England face pace dilemma after announcing unchanged squad for Pakistan Test

Joe Root's side rotated their frontline fast bowlers during the 2-1 series win over the West Indies.

Published 30 Jul, 2020 01:56pm

Sports

Haris Rauf cleared for England travel

The pacer failed to travel with the team after resulting positive for COVID-19.

Published 30 Jul, 2020 01:43pm

Pakistan

Senate Standing Committee approves the "Anti-Terrorism (Amendment) Bill, 2020"

In a meeting chaired by Chairman Committee Senator Javed Abbasi, Foreign Office officials said that both the Asia Pacific Group and the Financial Action Task Force (FATF) were monitoring Pakistan. They said that the Security Council sanctions must be implemented.

Updated 30 Jul, 2020 02:42pm

Business & Finance

As US, China tensions deepen; global manufacturers could shift to Pakistan: Report

"Both Chinese and global manufacturers may move their factories from China to Pakistan,” said Canadian research firm BCA in its latest report.

Published 30 Jul, 2020 11:39am

1,248 more patients recover from coronavirus in Pakistan

Tally has climbed to 246,131.

Published 30 Jul, 2020 11:32am

BR Research

The balancing act

While India’s so-called regional isolation lately is a cause of much mirth in Pakistan, the eagle-eyed should...

Published 30 Jul, 2020 08:38am

BR Research

Fertilizer spending stagnant – sales drop

June 2020 threw a massive surprise, holding up the fiscal year urea off-take that ended at a little over 6 million...

Published 30 Jul, 2020 08:37am

Sports

Broad fresh after 500th Test wicket and looking ahead to Pakistan series

The 34-year-old paceman became only the seventh bowler to reach the milestone of 500 Test wickets.

Published 29 Jul, 2020 01:52pm

Business & Finance

SBP allows Islamic Banking Windows to offer all types of financing products

Under the revised instructions, IBWs can now offer all types of financing products to their customers including Corporates, SMEs, Agriculture, Housing, and Consumers.

Published 29 Jul, 2020 01:34pm

Business & Finance

Moving towards renewable; Pakistan launches Electric Charging Station

Omar Ayub said that by 2023 Pakistan will generate 75-80pc of its electricity from its local sources including nuclear, hydro, and coal power, which will reduce the electricity tariffs for the end customers.
The opening of a charging station in Islamabad will help encourage electric vehicles as future transportation in the country, says Babar.

Published 29 Jul, 2020 01:14pm

Markets

Pakistani Equities likely to move higher over the next six months: Study

“We believe stock prices have already priced in plenty of negatives, and that Pakistani equities are likely to move higher over the next six months,” it said.

Published 29 Jul, 2020 12:01pm

Sports

Younis revels reason of bating failure during final practice game

The 42-year-old believes that bowlers are well aware of the weakness of their teammates.

Published 28 Jul, 2020 07:07pm

Business & Finance

British Airways to resume flight operations to Pakistan

As per details, the carrier is resuming its air operations to Pakistan from August, the British company will operate three flights a week from Heathrow to Islamabad.

Published 28 Jul, 2020 02:52pm

Pakistan

IBM launching Open P-tech learning platform in Pakistan

“IBM is launching Open P-TECH in Pakistan to help develop talent and equip them with technical and professional proficiency in AI, Data Science, Cybersecurity, Cloud, etc - enabling our workforce for a Digital Pakistan,” said Aidrus in a tweet post.

Published 28 Jul, 2020 02:46pm

Markets

Pakistan receives $505mn from WB

The disbursements under the programme will strengthen foreign exchange reserves and provide liquidity for the economy.

Published 28 Jul, 2020 02:08pm

Sports

Sarfaraz, Wahab named in 20-member squad for England Test

First Test between the two sides will begin on August 5.

Published 28 Jul, 2020 01:59pm

Pakistan

Pakistan urges worshippers to buy sacrificial animals online to prevent COVID-19 surge

Government social-distancing restrictions this year including half-day closing have seen a drop in customers at the normally bustling markets.

Published 28 Jul, 2020 10:15am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
Dow Jones / May 15	39908
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26
Hang Seng / May 16	19336.77
FTSE 100 / May 16	8411.75
Germany DAX 30 / May 16	18842.52

Item	Value
Petrol/Litre / May 16	273.10
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2388.50
Diesel/Litre / May 16	274.08

Gainers
Losers
Leaders

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

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

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

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Pakistan

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