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Negative list: FBR excludes many items

ISLAMABAD: The Federal Board of Revenue (FBR) has excluded a number of items from the negative list and allowed...

Updated 16 Jan, 2024 09:41am

World

EU parliament backs plans to secure raw materials supply

STRASBOURG (France): The European Parliament approved plans to secure the EU its own supply of critical raw ...

Published 18 Sep, 2023 07:25am

High interest rates, power tariffs, costly raw materials: Textile sector will continue to face economic headwinds: APTMA

ISLAMABAD: The textile sector will continue to experience economic headwinds related to high interest rates,...

Updated 16 Aug, 2023 10:42am

Business & Finance

KCCI urges SBP to take notice of banks’ denial to issue LCs

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while referring to deep...

Published 25 Jul, 2023 06:20am

CCP urges SBP to enable SMEs to avail lower interest rates

ISLAMABAD: The Competition Commission of Pakistan (CCP) has asked the State Bank of Pakistan (SBP) to make it easier...

Updated 16 Jul, 2023 09:21am

Pharmaceutical sector granted major tax relief

ISLAMABAD: The government has provided major tax relief to the pharmaceutical sector by allowing the reduced rate of...

Updated 10 Jul, 2023 08:51am

Business & Finance

APTPMA chief hails budget

FAISALABAD: Federal budget 2023-24 is a ‘balanced budget’, nevertheless, there is enough room for improvement...

Published 12 Jun, 2023 06:26am

Business & Finance

Budget proposals: KCCI for adopting ‘novel’ approaches to economic challenge

KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) firmly believes that that out-of-the-box solutions...

Published 24 May, 2023 05:57am

Letters of credit: Banks asked to facilitate: Export-oriented sectors find favour with Dar

Finance minister reiterates government’s resolve to overcome challenges and set the economy towards growth

Updated 22 May, 2023 05:34pm

Business & Finance

Export facilitation scheme to boost exports: FBR collector

KARACHI: Collector of FBR Collectorate of Customs Export Shafiq Ahmed Latki said that the government has introduced...

Updated 30 Apr, 2023 06:34am

Business & Finance

Non-availability of raw materials damaging economy: PBIF

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum...

Published 16 Apr, 2023 03:36am

Budget proposals presented: Steel melting sector highlights challenges

LAHORE: The country’s steel melting industry is in a state of extreme distress as the banking sector remains...

Updated 03 Apr, 2023 08:41am

Business & Finance

KATI welcomes SBP for removing CMR condition on imported goods

KARACHI: Korangi Association of Trade and Industry (KATI) President Faraz-ur-Rehman has welcomed the State Bank’s...

Published 01 Apr, 2023 06:21am

Business & Finance

UBG chief urges PM to reconstitute NEAC

KARACHI: President of the United Business Group (UBG) Zubair Tufail has requested Prime Minister Shehbaz Sharif to...

Published 30 Mar, 2023 06:35am

Steel industry concerned at interest rate hike

ISLAMABAD: The steel industry, on Thursday, urged the government to take immediate action to ensure the availability...

Updated 03 Mar, 2023 09:01am

Opinion

Lithium price slide deepens as China battery giant bets on cheaper inputs

Rare discounts offered by Chinese battery giant CATL to automakers have accelerated a plunge in lithium prices, and...

Published 01 Mar, 2023 06:21am

Business & Finance

Severe shortage of rebars: PALSP again urges SBP to allow opening of LCs

ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) has again requested the State Bank of Pakistan ...

Published 21 Feb, 2023 05:57am

Business & Finance

Bazaar launches industrial and raw material sourcing platform

KARACHI: Bazaar, Pakistan’s leading B2B commerce, fintech and supply chain platform for 5M+ businesses, is...

Published 17 Feb, 2023 06:50am

Business & Finance

Tax exemption on import of raw materials: Steps taken to check misuse of quotas by units in tribal areas

PESHAWAR: To ensure that raw materials being imported by manufacturing units in the erstwhile Federally Administered...

Published 13 Feb, 2023 05:57am

Business & Finance

Raw materials, PKR, inflation: pharma industry urges govt to help resolve issues

LAHORE: In the wake of increase in the prices of raw material, devaluation of Pakistani rupee and unprecedented...

Published 11 Feb, 2023 07:36am

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

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

Paracetamol: govt to allow increase in price

ISLAMABAD: The government is all set to increase the price of paracetamol tablets on demand of manufacturers of...

Updated 01 Feb, 2023 09:24am

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

Rs300bn taxation measures thru Ord on the way

FBR drafts proposals of new taxation measures to be enforced through the promulgation of the Tax Laws Amendments Ordinance, 2023

Updated 26 Jan, 2023 09:49am

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

Editorials

An ill-advised decision

EDITORIAL: At a time Pakistan’s economic malaise is exacerbating by the day, public functionaries are in no mood ...

Published 24 Jan, 2023 06:06am

Business & Finance

PCMEA calls for opening of LCs on priority basis

LAHORE: Pakistan Carpet Manufacturers and Exporters Association (PCMEA) Senior Vice Chairman Usman Ashraf said on...

Published 23 Jan, 2023 06:20am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 12	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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