Trends - Sugar - Business Recorder

Sugar

Issue of sales tax value on sugar supply still pending in LHC

ISLAMABAD: The Federal Board of Revenue (FBR) has not fixed the minimum value on the supply of sugar for sales tax...

Published 24 Mar, 2023 05:55am

Business & Finance

Industry intimated: No non-budgeted subsidy on sugar export: MoF

ISLAMABAD: The Ministry of Finance (MoF) has conveyed to the country’s sugar industry that no non-budgeted subsidy...

Published 23 Mar, 2023 05:47am

Markets

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (March 21, 2023)...

Published 22 Mar, 2023 06:24am

Rs5bn PM’s ‘Ramazan Relief Package’ announced

ISLAMABAD: The government on Tuesday announced a Ramazan Relief Package worth Rs 5 billion to provide maximum relief...

Updated 22 Mar, 2023 09:03am

Business & Finance

SPI inflation up 0.96pc WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) based inflation for the week ended March 16, 2023, recorded an...

Published 18 Mar, 2023 06:14am

ECC extends sugar export time period to 60 days

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed an extension in sugar export time...

Updated 15 Mar, 2023 08:51am

Markets

Raw sugar prices decline

LONDON: Raw sugar futures on the ICE fell on Friday, depressed by weakness in crude oil and many other commodity...

Published 12 Mar, 2023 05:55am

Customs sets up cell to monitor sugar export

KARACHI: Pakistan Customs has established a special cell at the Port Qasim Collectorate to monitor the exports of...

Updated 12 Mar, 2023 09:59am

Business & Finance

Philippines envoy says her country could become potential sugar market

FAISALABAD: The Philippines may become a potential sugar market for Pakistan, said Her Excellency Madam Dan Erwin C....

Published 02 Mar, 2023 06:23am

Markets

Brazil sugar cane

SAO PAULO: Brazil’s center-south crushed 73,000 tonnes of sugarcane in the first half of February, industry group...

Published 28 Feb, 2023 06:15am

Business & Finance

Indian sugar body cuts 2022/23 output forecast

NEW DELHI: India is likely to produce 33.5 million tonnes of sugar in the season to Sept 30 this year, down 2.9% ...

Published 28 Feb, 2023 06:15am

Markets

ISO trims global sugar surplus forecast

LONDON: The International Sugar Organization (ISO) on Friday trimmed its forecast for the size of a global sugar...

Published 26 Feb, 2023 03:27am

Markets

India’s overall sugar output up 5.39% so far this season

NEW DELHI: Indian mills have produced 25.4 million tonnes of sugar since the current season began on Oct. 1, up...

Published 20 Feb, 2023 03:22pm

Markets

Raw sugar prices ease

LONDON: Raw sugar futures were lower on Monday, slipping back from the prior session’s six-year peak, with the...

Published 14 Feb, 2023 05:58am

Markets

Thailand expects to export 9mn T of sugar in 2023, up 17%

BANGKOK: Thailand expects to export 9 million tonnes of sugar in the production year 2022/23, up 17% from a year...

Published 10 Feb, 2023 12:43pm

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

Markets

Tereos to sell Romanian business to local investors

PARIS: French sugar producer Tereos said on Wednesday that two Romanian investors would take over the ...

Published 02 Feb, 2023 06:12am

Markets

Raw sugar prices slip after setting 6-year record

LONDON: Raw sugar futures fell back on Wednesday after climbing to a six-year peak while arabica coffee futures also...

Published 02 Feb, 2023 06:12am

Business & Finance

Prices of some branded items increased at all Utility Stores

KARACHI: In order to improve demand and supply and ensure uninterrupted supply of branded items, prices of certain...

Published 02 Feb, 2023 06:12am

SBP issues mechanism for quota-based sugar export

ISLAMABAD: The State Bank of Pakistan (SBP) has issued instructions to the Authorised Dealers (ADs) for export of...

Updated 31 Jan, 2023 09:01am

Markets

Indian sugar mills to close early as rain hits cane supply

MUMBAI: Sugar mills in India’s top producing state Maharashtra are set to stop cane crushing 45 to 60 days earlier...

Published 29 Jan, 2023 03:15am

Markets

Brazil sugar cane crushing hits 440,000 tonnes

SAO PAULO: Brazil’s center-south sugarcane crushing totaled 440,000 tonnes in the first half of January, industry...

Published 27 Jan, 2023 07:13am

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

Markets

UK sugar output dented by adverse weather

LONDON: UK sugar production from the 2022/23 campaign is expected to be lower than previously expected following...

Published 25 Jan, 2023 06:25am

SBP announces sugar export mechanism

Makes it mandatory for sugar mills to bring sugar export proceeds into Pakistan within 60 days of the opening of Letter of Credit (LC)

Updated 22 Jan, 2023 10:16am

Business & Finance

Poor monitoring of TTS: FBR suspends supervisory staff at sugar mills

ISLAMABAD: The Federal Board of Revenue (FBR) has suspended the supervisory staff deputed for monitoring at the ...

Published 21 Jan, 2023 07:31am

Sales tax calculation: Not fixing minimum value of sugar to affect FBR revenue

ISLAMABAD: The Federal Board of Revenue (FBR)’s decision of not fixing the minimum value on the supply of sugar ...

Updated 21 Jan, 2023 08:52am

Business & Finance

Ministries, provinces: MoC conveys sugar export mechanism

ISLAMABAD: The Ministry of Commerce (MoC) has conveyed sugar export mechanism to the concerned ministries and...

Published 19 Jan, 2023 05:58am

Mills to get quotas for sugar export on basis of installed capacity

ISLAMABAD: The government is to allocate sugar quota to mills for exports on the basis of their installed capacity...

Updated 13 Jan, 2023 08:49am

Markets

Raw sugar goes up, arabica hits lowest in 1-1/2 months

LONDON: Raw sugar futures on ICE rose on Tuesday, recovering from Monday’s two-month lows, while arabica coffee ...

Published 11 Jan, 2023 05:53am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▼ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▼ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▲ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▲ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▲ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Mar 26 Worldcall Telecom Limited(WTL)	4,011,170 ▲ 0.00
Telecard Limited / Mar 26 Telecard Limited(TELE)	3,877,000 ▲ 0.00
TPL Properties / Mar 26 TPL Properties Limited(TPLP)	1,839,174 ▲ 0.00
Pak Elektron / Mar 26 Pak Elektron Limited(PAEL)	1,788,500 ▲ 0.00
Fauji Cement / Mar 26 Fauji Cement Company Limited(FCCL)	1,517,500 ▲ 0.00
Ghani Glo Hol / Mar 26 Ghani Global Holdings Limited(GGL)	1,464,753 ▲ 0.00
TRG Pak Ltd / Mar 26 TRG Pakistan Limited(TRG)	1,323,297 ▲ 0.00
Cnergyico PK / Mar 26 Cnergyico PK Limited(CNERGY)	1,307,610 ▲ 0.00
Fauji Foods Ltd / Mar 26 Fauji Foods Limited(FFL)	1,204,138 ▲ 0.00
Hascol Petrol / Mar 26 Hascol Petroleum Limited(HASCOL)	1,161,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.73
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.22
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 24	3970.99
India Sensex / Mar 24	57527.10
Tokyo Nikkei / Mar 24	27385.25
Nasdaq / Mar 24	11823.96
Hang Seng / Mar 24	19915.68
FTSE 100 / Mar 24	7405.45
Dow Jones / Mar 24	32237.53
Germany DAX 30 / Mar 24	14957.23
France CAC40 / Mar 24	7015.10

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.26
Gold Spot USD/Ounce / Mar 24	1978.21
Cotton US¢/pound / Mar 24	76.54

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