Trends - Trade - Business Recorder

Trade

Pakistan to hub for regional trade, transit, transhipment: Razak Dawood

Dawood said this will ensure that Pakistan leverages its geo-economic location in the region to enhance its international trade.

Published 05 Jan, 2021 08:52pm

Pakistan

Trade & investment being encouraged in Punjab: Mian Aslam

He directed the relevant officials to provide every possible facility to the Chinese company for setting up a new industrial unit.

Published 05 Jan, 2021 06:36pm

Pakistan

BMP's leaders resolve for best use of FPCCI for trade, industry boost

"Our aim is only to serve the business community, to solve their problems and take every step to promote trade and industry so that the economy can flourish," BMP leaders reaffirmed.

Published 04 Jan, 2021 06:52pm

World

Delegation from Djibouti calls upon Moeed Yusuf, to discuss matters of mutual interest

On Thursday, a delegation from Djibouti's National Parliament called on Dr. Moeed Yusuf to discuss Pakistan's "Look Africa" policy, among other areas of mutual interest.

Published 02 Jan, 2021 06:36pm

World

China senior diplomat says U.S. relations at 'new crossroads'

China’s relationship with the United States has reached a “new crossroads” and could get back on the right track following a period of “unprecedented difficulty”, senior diplomat Wang Yi said in official comments published on Saturday.
Relations between the world’s two biggest economies have come under increasing strain amid a series of disputes over trade, human rights and the origins of COVID-19.

Published 02 Jan, 2021 03:56pm

Business & Finance

Leveraging location, Pakistan aims to become hub for Trade, Transit & Transshipment

"This will ensure that Pakistan leverages its geo-economic location in the region to enhance its international trade,” he said.

Published 02 Jan, 2021 12:43pm

Business & Finance

African free trade bloc opens for business, but challenges remain

The African Continental Free Trade Area (AfCFTA) aims to bring together 1.3 billion people in a $3.4 trillion economic bloc that will be the largest free trade area since the establishment of the World Trade Organization.

Published 02 Jan, 2021 12:31pm

Business & Finance

‘An Increasingly Bifurcated world’ awaits in 2021: Report

“This divergence, straddling as it does already inflamed global trade tensions, cements our expectation of an increasingly bifurcated world,” added the report.

Published 30 Dec, 2020 11:39am

Pakistan

Razak negates baseless propaganda against Pak-Afghan trade dialogue

The adviser termed the tweet of a news channel as contrary to what they discussed in the meeting, saying, he failed to understand the motive behind the tweet.

Published 29 Dec, 2020 12:15am

World

PM sold out fish in Brexit trade deal, fishermen say

British fishermen said on Saturday that Prime Minister Boris Johnson had sold out fish stocks to the European Union with a Brexit trade deal that gives EU boats significant access to the United Kingdom’s rich fishing waters.
The United Kingdom will leave the EU’s Common Fisheries Policy on Dec. 31, but under the trade deal agreed on Christmas Eve the current rules will remain largely in place during a 5-1/2-year transition period.

Published 28 Dec, 2020 07:09pm

Business & Finance

Govt to ensure removal of all hindrances involved in trade with Afghanistan

Afghan Commerce Minister said that Afghanistan welcomes the Pakistani investors in the country.

Published 28 Dec, 2020 02:21pm

World

UK and EU agree to historic Brexit deal

On Thursday, a historic deal on the future of the United Kingdom's historic trading and security relationship with the European Union has finally been struck, a week before the end of the transition period.
Downing Street has issued a statement confirming the deal.

Published 24 Dec, 2020 07:55pm

Business & Finance

Pakistan’s TIOs are ‘beginning to deliver results,’ says Dawood

The advisor informed that 44 TIOs were selected under the reformed system, and “this is now beginning to deliver results.”

Published 21 Dec, 2020 03:55pm

World

Britain, EU tell each other to give way in 'difficult' trade talks

With less than two weeks before Britain leaves the EU’s orbit, both sides are calling on the other to move to secure a deal and safeguard annual trade in goods from tariffs and quotas.
The EU wants to be able to impose trade barriers in the event that Britain changes its regulations in the future and undercuts the bloc’s market of 450 million consumers.

Published 21 Dec, 2020 11:45am

Boosting trade: Istanbul-Tehran-Islamabad train to commence operation next year

The ITI framework was launched in 2009 and exists as a project under the Economic Cooperation Organization
The rail route covers a total distance of 6,500 kilometers and is cost and time efficient

Published 21 Dec, 2020 11:37am

Pakistan

Govt. takes practical steps for establishment border trade market on Pak-Iran border

Federal Minister Zubaida Jalal said bilateral trade and economic activities would also increase significantly.

Published 19 Dec, 2020 08:56pm

Markets

UK GAS-Prices fall on oversupply, dampened demand

Gas for immediate delivery was down 2.00 pence at 41.75 p/therm by 1020 GMT.

Published 18 Dec, 2020 05:13pm

World

Brexit trade talks enter desperate 'final hours'

The European Parliament has demanded that it see the text of any accord by Sunday at the latest, and the UK government says it will not allow talks to go beyond December 31.

Published 18 Dec, 2020 04:53pm

Pakistan

Gwadar port provides huge trade opportunity to CARs, Afghanistan: Dawood

He said that with the improvement in Trans-shipment facilities at Gwadar, the whole dynamics of the regional connectivity would be changed.

Published 17 Dec, 2020 07:00pm

World

EU chief says UK trade pact closer but success not certain

Britain and the European Union moved closer to sealing a new trade deal but it was still not clear if they would succeed, the bloc’s chief executive said on Wednesday.
Britain and the EU are in the final stretch of talks to keep an estimated one trillion dollars of annual trade free of tariffs and quotas beyond Dec. 31, when the United Kingdom finally transitions out of the world’s largest trading bloc.

Published 16 Dec, 2020 05:38pm

World

India and UK to move forward on trade talks as Johnson plans visit

India and Britain will push negotiations on trade ties, their foreign ministers said after talks in New Delhi on Tuesday, as both countries seek to restart economies battered by the coronavirus pandemic.
Trade and investment will be high on the agenda of Prime Minister Boris Johnson, who will travel to New Delhi in January, his first bilateral visit since taking office.

Published 16 Dec, 2020 12:57pm

World

UK PM Johnson says on Brexit trade talks: we're very far apart

“The best thing to do now, for everybody, is to follow up all the work that has been done over the last four and half years, colossal amount of preparation at our ports, everywhere across the UK, get ready to trade on WTO terms, Boris said.

Published 14 Dec, 2020 10:24am

Business & Finance

Pakistan, US identify opportunities to expand Trade & Investment

It was learned that the latest data shows Pakistan’s exports to the United States hit record levels in October ($430 million) and November ($437 million).

Published 11 Dec, 2020 02:30pm

World

Moment may come to end post-Brexit EU trade talks, UK PM Johnson says

Prime Minister Boris Johnson said on Tuesday that Britain could call an end to post-Brexit trade talks without a deal being reached.
- This statement came only a day after the Prime Minister agreed to meet the European Commission head in a last-ditch attempt to break the stalemate.

Published 08 Dec, 2020 06:27pm

Business & Finance

Alvi calls for establishment of a trade triangle among Pakistan, China & ASEAN

The President said despite the challenge of the Coronavirus pandemic, Pakistan's economy strengthened and its online businesses grew due to the implementation of far-reaching economic reforms.

Published 27 Nov, 2020 12:24pm

Business & Finance

Razak Dawod urges exporters to send proposal for Pak-Afghan PTA

“I request all exporters to send their proposals to MOC at the earliest. Bilateral trade with Afghanistan has to be placed on a sustainable growth path,” he added.

Published 26 Nov, 2020 03:57pm

Business & Finance

Traders refuse to follow, urge govt to reconsider new SOPs

The business leaders said that the country's economy, especially the small business sector, could not afford such measures, adding that in the reduced timing, the market would be in a rush, which would increase Coronavirus.

Published 24 Nov, 2020 02:25pm

Pakistan

Around 4.37pc surplus witnessed in Pak-UK trade: SBP

The overall imports witnessed decrease of 3.82 percent, from $11 billion to US $ 10.6 billion.

Published 15 Nov, 2020 06:26pm

Pakistan

Around 4.37pc surplus witnessed in Pak-UK trade: SBP

On year-to-year basis, the exports to UK increased by 8.64 percent by going up from $141.5 million in September 2019.

Published 11 Nov, 2020 06:31pm

Israel sees trade with UAE at $4 billion a year

A number of Israeli and Emirati businesses have signed deals since the normalization accord was announced

Published 07 Sep, 2020 04:19pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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