Trends - Technology - Business Recorder

Technology

CodeNinja secures $1.6mn investment led by sAi Venture Capital

LAHORE: CodeNinja, a technology solutions provider, has secured an investment of $1.6 million led by sAi Venture...

Updated 05 Dec, 2023 10:10pm

Business & Finance

SCBPL announces winners of ‘WomenInTech Cohort 5’

KARACHI: Standard Chartered Bank (SCBPL), in partnership with INNOVentures Global (Private) Limited, announced the...

Published 30 Nov, 2023 04:53am

World

No more needles? Gates Foundation funds patch-style vaccine technology

LONDON: The Bill & Melinda Gates Foundation has given $23.6 million to US-based life science company Micron...

Published 17 Nov, 2023 06:06am

Pakistan

Xiaomi’s ‘Fan-tastic Meetup’ held successfully

KARACHI: Xiaomi, the renowned technology giant announced the overwhelming success of the “Xiaomi Fan-tastic...

Published 15 Nov, 2023 06:09am

Business & Finance

‘Charter of technologically-driven economic transformation’ urged

ISLAMABAD: Telecom experts urged for a charter of technologically-driven economic transformation to foster the...

Published 07 Nov, 2023 06:33am

Technology

Pakistan to see its first VC fund in 7 years as Sai Venture Capital looks to raise $10mn: report

Fund is currently 40% committed, says co-founder Ahsan Jamil

Updated 03 Nov, 2023 10:56pm

Pakistan

Moot discusses relationship between technology, HR

ISLAMABAD: C-level executives from top Pakistani corporations emphasised the dynamic relationship between technology...

Published 28 Oct, 2023 05:58am

Technology

GITEX GLOBAL 2023 kicks off to cement Dubai’s status as ‘hub for tech industry’

DUBAI: Thousands thronged on Monday to the Dubai World Trade Centre on day one of GITEX GLOBAL 2023, officially...

Updated 17 Oct, 2023 11:53am

Business & Finance

Technology upgradation to boost operations: Faysal Bank plans to expand its branch network to 1,000

KARACHI: Pakistan’s first fully conventional to Islamic converted bank, Faysal Bank Limited (FBL) has planned to...

Published 10 Oct, 2023 06:19am

Technology

Sehrish Raza wins ‘She Loves Tech Pakistan 2023’ competition

KARACHI: The leading non-profit tech startup CIRCLE, in collaboration with HBL, proudly announces the victor of the...

Published 03 Oct, 2023 06:02am

BR Research

IT exports picking up?

The caretaker government is seen setting ambitious targets these days. First, the government announced that the...

Published 27 Sep, 2023 09:03am

Technology

Egyptian tourist dishes out AED100,000 for 11 iPhone 15s in Dubai

Thousands of Apple fans flocked to Dubai Mall on Friday to get their hands on the latest iPhone on the first day of...

Published 22 Sep, 2023 02:40pm

Technology

Startups crucial to keeping economy on investors’ radar: Paismo co-founder Rebecka Zavaleta

KARACHI: Startups across the world may be struggling, but in Pakistan’s case, there is an added trouble – its...

Published 21 Sep, 2023 06:50am

Technology

US experts say major concern about AI is its potentially inequitable distribution of benefits

WASHINGTON: The US capital is looking at opportunities and threats artificial intelligence (AI) and its extensions...

Published 19 Sep, 2023 06:31am

Technology

Technology fundamentally has shaped geopolitics, economics for a long time: Anne Neuberger

WASHINGTON: Anne Neuberger, Deputy National Security Advisor for Cyber and Emerging Technology at the National...

Published 18 Sep, 2023 06:32am

Technology

Underscoring need for regulations, US-based expert says AI has potential to be catastrophic

BOSTON, MASSACHUSETTS: Boston-based Shabbi S. Khan, Partner Foley and Lardner, LLP, said that the global community...

Published 14 Sep, 2023 06:07am

Technology

In developing countries, local businesses should step up to fund startups: US-based expert

BOSTON, MASSACHUSETTS: Pakistan’s startup ecosystem is going through a difficult phase and it is being reflected in...

Updated 09 Sep, 2023 04:52pm

Business & Finance

Mansha Brothers unveil NEC Communication Products

KARACHI: Mansha Brothers, a renowned name in the technology industry, proudly announces the launch of their latest...

Published 30 Aug, 2023 03:33am

World

AI risks repeating social media era’s mistakes: Microsoft president

NEW DELHI: Breakneck development of artificial intelligence risked repeating mistakes made by the tech industry at...

Published 26 Aug, 2023 06:28am

World

AI likely to augment rather than destroy jobs: UN study

GENEVA: Artificial Intelligence is more likely to augment jobs than to destroy them, a UN study indicated on Monday,...

Published 22 Aug, 2023 06:03am

World

US to invest $1.2bn on facilities to pull carbon from air

WASHINGTON: The US government said Friday it will spend up to $1.2 billion for two pioneering facilities to vacuum...

Published 13 Aug, 2023 02:55am

Business & Finance

Local pharma industry urged to establish own brands

KARACHI: Business leaders mainly from pharmaceutical industry have urged the local pharmaceutical industry to...

Published 13 Aug, 2023 02:55am

Business & Finance

Vietnam envoy for promotion of bilateral trade

FAISALABAD: Pakistan and Vietnam must make serious and collaborative efforts to exploit the untapped trade potential...

Published 09 Aug, 2023 05:33am

Business & Finance

‘ASEAN-Pakistan Business Opportunities Conference’ concludes

LAHORE: The historic “ASEAN-Pakistan Business Opportunities Conference 2023” came to a successful close in...

Published 08 Aug, 2023 06:37am

Opinion

Future drivers of country’s growth

The incumbent government, in the very last leg of its tenure, has sowed the seeds of agriculture, mineral and mines,...

Published 05 Aug, 2023 06:00am

Business & Finance

MCB Bank and VISA collaborate to create seamless payment experiences

LAHORE: MCB Bank, a leading financial institution announced its strategic partnership with Visa, the global payments...

Published 01 Aug, 2023 06:19am

Pakistan

UVAS Syndicate approves Rs3.811bn budget

LAHORE: The Syndicate of University of Veterinary and Animal Science Lahore approved Rs3.811 billion budgets for the...

Published 22 Jul, 2023 06:06am

Technology

‘Asset-light’: startup Jugnu, after raising $22.5mn in 2022, scales back operations

Jugnu, which pitched itself as a B2B ecommerce startup and announced a fund-raise of $22.5 million in March 2022,...

Updated 19 Jul, 2023 07:37pm

Technology

After raising $11.5mn last year, MedznMore says it has shut operations

Co-founder says company in talks 'with a few large players who have shown interest in buying its technology and brand, Tabiyat.pk'

Updated 15 Jul, 2023 05:19pm

Business & Finance

TPL maps helping Pakistani businesses curb mobility woes

LAHORE: As technology advances, so does the way we use and interact with our applications. One of the biggest...

Published 07 Jul, 2023 05:24am

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Dec 6 First Punjab Modaraba(FPJM)	1.80 ▲ 0.20 (12.50%)
Popular Islamic / Dec 6 Popular Islamic Modaraba(PIM)	10.50 ▲ 1.00 (10.53%)
Bawany Air Products / Dec 6 Bawany Air Products Limited(BAPL)	11.28 ▲ 1.00 (9.73%)
Tri-Star Power / Dec 6 Tri-Star Power Limited(TSPL)	11.88 ▲ 1.00 (9.19%)
Trust Sec.& Brok. / Dec 6 Trust Securities & Brokerage Limited(TSBL)	12 ▲ 1.00 (9.09%)
Nazir Cotton Mills / Dec 6 Nazir Cotton Mills Limited(NCML)	3.91 ▲ 0.31 (8.61%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	3.50 ▲ 0.27 (8.36%)
Sakrand Sugar / Dec 6 Sakrand Sugar Mills Limited(SKRS)	9.94 ▲ 0.71 (7.69%)
Tariq Corporation / Dec 6 Tariq Corporation Limited(TCORP)	19.18 ▲ 1.34 (7.51%)
Matco Foods Ltd / Dec 6 Matco Foods Limited(MFL)	37.86 ▲ 2.64 (7.50%)

Stock	Price
Universal Ins. / Dec 6 The Universal Insurance Company Limited(UVIC)	6.45 ▼ -0.70 (-9.79%)
Power Cem(Pref) / Dec 6 Power Cement (Pref)(POWERPS)	7.80 ▼ -0.80 (-9.30%)
Unicap Modaraba / Dec 6 Unicap Modaraba(UCAPM)	1.81 ▼ -0.16 (-8.12%)
Universal Network (GEM) / Dec 6 Universal Network Systems Limited (GEM)(GEMUNSL)	26.11 ▼ -2.12 (-7.51%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	225.64 ▼ -18.30 (-7.50%)
Otsuka Pakistan / Dec 6 Otsuka Pakistan Limited(OTSU)	159.25 ▼ -12.91 (-7.50%)
Olympia Mills / Dec 6 Olympia Mills Limited(OML)	16.31 ▼ -1.31 (-7.43%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	5.51 ▼ -0.43 (-7.24%)
Philip Morris Pak. / Dec 6 Philip Morris (Pakistan) Limited(PMPK)	510.70 ▼ -39.30 (-7.15%)
Saif Textile / Dec 6 Saif Textile Mills Limited(SAIF)	10.22 ▼ -0.77 (-7.01%)

Stock	Volume
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	58,087,694 ▲ 0.24
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	57,079,786 ▲ 0.01
Fauji Cement / Dec 6 Fauji Cement Company Limited(FCCL)	41,984,500 ▲ 0.28
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	30,480,397 ▲ 1.12
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	28,170,500 ▲ 0.47
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	26,337,000 ▲ 0.36
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	26,128,740 ▲ 0.52
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	23,810,103 ▼ -1.28
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	23,518,237 ▼ -0.58
Maple Leaf Cement / Dec 6 Maple Leaf Cement Factory Limited(MLCF)	22,423,667 ▲ 0.19

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 5	284.60
USD PKR Interbank Buying / Dec 5	284.20
USD to Japanese Yen / Dec 5	146.80
USD to Swiss Franc / Dec 5	0.87
Pound Sterling to USD / Dec 5	1.26
Euro to USD / Dec 5	1.08
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4569.78
Nasdaq / Dec 4	14185.50
Dow Jones / Dec 4	36204.44
India Sensex / Dec 5	69356.82
Tokyo Nikkei / Dec 5	32782.14
Hang Seng / Dec 5	16405.25
FTSE 100 / Dec 5	7475.73
Germany DAX 30 / Dec 5	16399.89
France CAC40 / Dec 5	7341.86

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 4	191701
Crude Oil USD/Barrel / Dec 5	73
Gold Spot USD/Ounce / Dec 5	2033.31
Cotton US¢/pound / Dec 5	78.78

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