Trends - Trade - Business Recorder

Trade

Protest against border visa policy in Chaman enters 49th day

ISLAMABAD: A massive sit-in protest against the government’s recent decision mandating a valid passport and visa...

Published 08 Dec, 2023 05:20am

Ways identified to salvage economy, back businesses

Country’s top businessmen urge government to reform Federal Board of Revenue

Updated 08 Dec, 2023 10:03am

World

EU chief warns China on trade gap ahead of summit

BRUSSELS: European Union member states won’t tolerate their growing trade imbalance with China forever, EU chief...

Published 05 Dec, 2023 05:28pm

Opinion

A revisit of trade components critical

Exports fuel domestic productivity and therefore employment and at the same time constitute the most desired form of...

Published 04 Dec, 2023 05:35am

Investment modalities: Consensus reached with KSA

ISLAMABAD: Islamabad and Riyadh on Sunday reached a consensus on investment modalities, paving the way for...

Updated 04 Dec, 2023 11:44am

Pakistan

German envoy, Punjab governor discuss cooperation in areas of education, environment and trade

LAHORE: The Ambassador of the Federal Republic of Germany to Pakistan, Alfred Grannas, called on Governor Punjab...

Published 30 Nov, 2023 04:53am

Markets

Weekly Cotton Review: Prices largely stable amid low trade

KARACHI: Though overall cotton prices remained stable, but due to decrease in purchases, they have also started to...

Published 27 Nov, 2023 06:13am

Business & Finance

Iran wants to further improve economic, trade ties: CG

PESHAWAR: Iranian Consul General in Peshawar Ali Banafsheh Khah said his country is keen to further strengthen...

Published 22 Nov, 2023 05:48am

Trade facilitation: country achieves major milestone

KARACHI: Pakistan has achieved a major milestone in trade facilitation by connecting to the International Plant...

Updated 21 Nov, 2023 09:32am

Business & Finance

FPCCI chief for greater transparency, security in global trade

KARACHI: Irfan Iqbal Sheikh, President FPCCI, has said that it is very important to establish transparency, security...

Published 21 Nov, 2023 06:01am

Business & Finance

Belgium reaffirms commitment to work together on multilateral fora

ISLAMABAD: Pakistan and Belgium have reaffirmed their joint commitment to work together towards shaping a better...

Published 17 Nov, 2023 06:06am

Govt securities on PSX: MoF forms body to finalise modalities for issuance, trading

ISLAMABAD: The Ministry of Finance has formed a committee, comprising experts from the financial sector, to finalise...

Updated 16 Nov, 2023 09:36am

Gohar explains how Pakistan, Afghanistan, Uzbekistan can expand economies

ISLAMABAD: Pakistan, Afghanistan, and Uzbekistan can tap into new markets and expand their economies by leveraging...

Updated 15 Nov, 2023 08:47am

Pakistan

Kenyan HC underscores need for strengthening trade relations

KARACHI: Kenya High Commissioner Nyambura Kamau has requested Karachi Chamber of Commerce & Industry (KCCI) to...

Published 14 Nov, 2023 05:08am

Business & Finance

Non-involvement of illegal foreigners in markets: Trade bodies asked to submit certificate

KARACHI: Karachi Administration directed all trader associations to submit a certificate of non involvement of...

Published 10 Nov, 2023 03:07am

Opinion

The menace of overloading and its adverse impact on our motorways

Pakistan’s has made steady progress in investing and developing its motorways across the country. This was a major...

Published 09 Nov, 2023 05:38am

Trade snags will be removed, Kenyan HC tells rice exporters

KARACHI: High Commissioner of Kenya Nyambura Kamau Wednesday assured rice exporters of removing the bottlenecks in...

Updated 09 Nov, 2023 10:19am

Business & Finance

Govt focusing on improvement of regional trade, economic connectivity: governor

LAHORE: Governor Punjab Muhammad Baligh ur Rehman has said the government is particularly focusing on improving...

Published 05 Nov, 2023 03:10am

FTA with GCC states making little or no headway

Free Trade Agreement with Gulf Cooperation Council has neither been signed nor yet finalised at any forum

Updated 04 Nov, 2023 04:05pm

Editorials

Trade deficit

EDITORIAL: Pakistan Bureau of Statistics (PBS) trade data for July-October 2023 notes an improvement in the balance...

Published 03 Nov, 2023 06:11am

RMB clearing operations: milestone achieved

Governor State Bank of Pakistan Jameel Ahmed says role of renminbi is continuously increasing in the global economy and international financial markets

Updated 28 Oct, 2023 04:29pm

SBP expects increase in home remittances

KARACHI: With a significant increase in the labour migration, the State Bank of Pakistan (SBP) is expecting...

Updated 25 Oct, 2023 08:42am

Opinion

GSP+ rollover requires greater attention to sustainability

The GSP+ scheme has been extended for Pakistan for four additional years. However, the threat is not over. It is...

Published 23 Oct, 2023 05:58am

Business & Finance

LCCI, PCMEA ink MoU to improve ties

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) and Pakistan Carpet Manufacturers and Exporters...

Published 23 Oct, 2023 05:58am

MoFA takes big step to help boost inward FDI flows

A dedicated Economic Diplomacy/SIFC Division at MOFA has been pre-designated from existing resources to act as a focal point between government and foreign entities bringing in investment

Updated 21 Oct, 2023 04:48pm

Restriction imposed by FBR: Traders facing issues while filing sales tax returns

ISLAMABAD: The importers and traders are facing serious technical problems in filing of sales tax returns due to...

Updated 21 Oct, 2023 09:47am

Business & Finance

Thai envoy for resolution of issues to enhance trade with Pakistan

KARACHI: Ambassador of Thailand Chakkrid Krachaiwong has said that issues of Letter of Credit (LC) and repatriating...

Published 20 Oct, 2023 05:17am

Business & Finance

Alvi for boosting trade ties with Morocco

ISLAMABAD: President Dr Arif Alvi has called for increasing cooperation with Morocco in the fields of trade,...

Published 19 Oct, 2023 05:10am

Pakistan

Kakar, Putin discuss trade, defence cooperation

BEIJING: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Tuesday met Russian President Vladimir Putin here wherein...

Published 18 Oct, 2023 06:09am

Opinion

Investigating under-invoicing with trade data: Red herring or red flag?

“There is nothing more deceptive than an obvious fact”: Sir A. C. Doyle The Pakistan Business Council wrote to...

Published 15 Oct, 2023 03:19am

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 8 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 8 Chakwal Spinning Mills Limited(CWSM)	2.44 ▲ 0.40 (19.61%)
Punjab Mod / Dec 8 First Punjab Modaraba(FPJM)	1.98 ▲ 0.27 (15.79%)
Saritow Spinning / Dec 8 Saritow Spinning Mills Limited(SSML)	8.35 ▲ 1.00 (13.61%)
Jubilee Spinning / Dec 8 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
F.Treet Manuf / Dec 8 First Treet Manufacturing Modaraba(FTMM)	4.60 ▲ 0.50 (12.20%)
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	4.45 ▲ 0.48 (12.09%)
Samba Bank / Dec 8 Samba Bank Limited(SBL)	9.35 ▲ 1.00 (11.98%)
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	9.72 ▲ 1.00 (11.47%)
Dewan Textile / Dec 8 Dewan Textile Mills Limited(DWTM)	4.75 ▲ 0.47 (10.98%)

Stock	Price
Sec. Inv. Bank / Dec 8 Security Investment Bank Limited(SIBL)	5.74 ▼ -1.00 (-14.84%)
Tri-Star Mutual / Dec 8 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.49 (-8.84%)
Supernet Ltd. / Dec 8 Supernet Limited(GEMSPNL)	12.90 ▼ -1.05 (-7.53%)
Universal Network (GEM) / Dec 8 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
Leather Up Ltd. / Dec 8 Leather Up Limited(LEUL)	10.54 ▼ -0.81 (-7.14%)
Trust Mod. / Dec 8 Trust Modaraba(TRSM)	2 ▼ -0.15 (-6.98%)
LSE Propetech / Dec 8 LSE Propetech Limited(LSEPL)	4.46 ▼ -0.33 (-6.89%)
Ismail Ind. / Dec 8 Ismail Industries Limited(ISIL)	1300 ▼ -95.00 (-6.81%)
Kohat Textile / Dec 8 Kohat Textile Mills Limited(KOHTM)	18.31 ▼ -1.19 (-6.10%)
Hoechst Pak. / Dec 8 Hoechst Pakistan Limited(HPL)	1200 ▼ -77.00 (-6.03%)

Stock	Volume
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	341,598,066 ▲ 0.48
Cnergyico PK / Dec 8 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.02
WorldCall Telecom / Dec 8 Worldcall Telecom Limited(WTL)	97,311,739 ▲ 0.04
Hascol Petrol / Dec 8 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.27
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	57,212,000 ▲ 1.00
Kohinoor Spining / Dec 8 Kohinoor Spinning Mills Limited(KOSM)	56,298,000 ▲ 0.42
Fauji Foods Ltd / Dec 8 Fauji Foods Limited(FFL)	47,608,697 ▲ 0.96
Pak Elektron / Dec 8 Pak Elektron Limited(PAEL)	42,544,241 ▲ 1.23
Hum Network / Dec 8 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.07
TPL Properties / Dec 8 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	143.72
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.26
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 7	5.48

Stock	Volume
S&P 500 / Dec 7	4585.59
Nasdaq / Dec 7	14340
Dow Jones / Dec 7	36117.38
India Sensex / Dec 8	69810.76
Tokyo Nikkei / Dec 8	32305.33
Hang Seng / Dec 8	16275.13
FTSE 100 / Dec 8	7514.73
Germany DAX 30 / Dec 8	16654.79
France CAC40 / Dec 8	7458.02

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 7	17235
Gold 10 Grams PKR / Dec 7	187671
Crude Oil USD/Barrel / Dec 8	70.35
Gold Spot USD/Ounce / Dec 8	2031.22
Cotton US¢/pound / Dec 8	82.72

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