Home - Business Recorder

Updated 25 Apr, 2024 10:07am

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

Current trend has misbalanced govt's plan to pay capacity charges, sources say

Markets

Intra-day update: rupee registers minor gain against US dollar

Published 25 Apr, 2024 10:45am

Liquidation of certain appellate fora: Cabinet approves amendments to tax laws

Updated 25 Apr, 2024 09:42am

Markets

Bullish momentum continues, KSE-100 gains over 300 points

Published 25 Apr, 2024 12:25pm

Markets

The Organic Meat Company secures another $4mn export contract to UAE firm

Published 25 Apr, 2024 11:05am

Markets

Despite lower finance cost, National Refinery posts Rs2.87bn loss in 3QFY24

Published 25 Apr, 2024 12:28pm

Markets

Gold price per tola increases Rs500 in Pakistan

Published 25 Apr, 2024 01:11pm

Markets

Oil steady as market weighs US demand concerns, Middle East conflict risks

Updated 25 Apr, 2024 11:46am

Business & Finance

Pakistan misses wheat production target

Updated 25 Apr, 2024 12:40pm

Tax law amendment bill introduced in NA

Updated 25 Apr, 2024 08:53am

FBR’s POS system: 1,680 Tier-1 retailers told to integrate by May 31st

Updated 25 Apr, 2024 09:00am

Must Read

Editorials

Energising the SME sector

Opinion

Sanctioning Iran? ‘Let’s not kid ourselves’

Opinion

Gas pricing 2.0: transforming Pakistan’s energy landscape with WACOG

Opinion

Rising energy tariffs, sinking economy

Life & Style

After severe backlash, Malala condemns Israeli government for ‘war crimes’

BR Research

HBL profits: Strong and steady

Editorials

Interaction with S&P and Fitch

Opinion

Reimagining corporate affairs

BR Research

Hope springs eternal, as do false promises

Markets

Spotlight: Iran-Pakistan gas pipeline and some key facts

Markets

Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?

Calculate your monthly liability in FY24

Expenditure cut steps likely in FY25 budget

Gold price per tola falls massive Rs7,800 in Pakistan

Ahead of PM’s visit to KSA: SIFC ‘striving’ to resolve KE’s issues

NJLI Sarmaya Growth Fund Rates

Rupee remains largely stable against US dollar

Supertax on rich: SC concerned at ‘no final decision’ by high courts

3.2 magnitude earthquake hits parts of Karachi

Interaction with S&P and Fitch

Record closing again: KSE-100 rises nearly 1% to close above 72,000

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Expenditure cut steps likely in FY25 budget

Gold price per tola falls massive Rs7,800 in Pakistan

Ahead of PM’s visit to KSA: SIFC ‘striving’ to resolve KE’s issues

NJLI Sarmaya Growth Fund Rates

Rupee remains largely stable against US dollar

Supertax on rich: SC concerned at ‘no final decision’ by high courts

3.2 magnitude earthquake hits parts of Karachi

Interaction with S&P and Fitch

Record closing again: KSE-100 rises nearly 1% to close above 72,000

Business & Finance

Commodities

Gold price per tola increases Rs500 in Pakistan

Gold prices advanced in Pakistan on Thursday, in line with an increase in the international rate. In the local... Published 25 Apr, 2024 01:11pm

BR Research

HBL profits: Strong and steady

Pakistan’s largest commercial bank, HBL started 2024 from where it left off in 2023. Another record quarterly profit...

Published 25 Apr, 2024 09:05am

Energy

Despite lower finance cost, National Refinery posts Rs2.87bn loss in 3QFY24

Despite higher revenues and lower finance cost, National Refinery Limited (NRL), the country’s only lube refinery,... Published 25 Apr, 2024 12:28pm

Stocks

Bullish momentum continues, KSE-100 gains over 300 points

The Pakistan Stock Exchange (PSX) maintained its upward trajectory as the benchmark KSE-100 index gained over 300... Published 25 Apr, 2024 12:25pm

BR Research

PRL in 9MFY24

Pakistan Refinery Limited (PSX: PRL) has seen significant growth in its bottom line for the nine months of FY24....

Published 25 Apr, 2024 09:01am

Companies

The Organic Meat Company secures another $4mn export contract to UAE firm

Pakistani meat processor The Organic Meat Company Limited (TOMCL) said it has secured another multi-million dollar... Published 25 Apr, 2024 11:05am

Currency

Intra-day update: rupee registers minor gain against US dollar

Currency hovers at 278-279 level in inter-bank market

Published 25 Apr, 2024 10:45am

Commodities

Oil steady as market weighs US demand concerns, Middle East conflict risks

SINGAPORE: Oil prices steadied on Thursday after settling lower in the previous day, as signs of retreating fuel... Updated 25 Apr, 2024 11:46am

2024-04-25-02-33

Pakistan misses wheat production target

ISLAMABAD: The country has missed the wheat production target as the estimated production of the commodity is 29.69... Updated 25 Apr, 2024 12:40pm

2024-04-25-02-33

Ministers to discuss trade issues with KCCI: PM to announce relief package on May 1

KARACHI: Prime Minister Shehbaz Sharif, after listening to the grievances highlighted by the Karachi Chamber,... Updated 25 Apr, 2024 09:19am

BR Research

Sazgar Engineering Works Limited

Sazgar Engineering Works Limited (PSX: SAZEW) was incorporated in Pakistan as a private limited company in 1991 and...

Published 25 Apr, 2024 08:58am

BR Research

Hope springs eternal, as do false promises

The thing about economic indicators is they can tell whatever story the narrator wishes to sell. A quick look at...

Updated 24 Apr, 2024 03:54pm

BR Research

FDI – more of the same

The investment climate in the country is in shambles; and for years the efforts by the authorities have not yielded...

Published 24 Apr, 2024 07:30am

BR Research

Husein Industries Limited

Husein Industries Limited (PSX: HUSI) was incorporated in Pakistan as a public limited company by the name of Husein...

Published 24 Apr, 2024 07:20am

Pakistan

2024-04-25-02-33

PM vows to deal with challenges facing Sindh govt

KARACHI: Prime Minister Shehbaz Sharif, on Wednesday chaired a meeting with Sindh Chief Minister Murad Ali Shah, and... Updated 25 Apr, 2024 08:54am

2024-04-25-02-33

ICAs against ‘military courts verdict’: SC refers matter to committee constituting larger bench

ISLAMABAD: The Supreme Court (SC) bench hearing intra-court appeals (ICAs) against its own judgment on military... Published 25 Apr, 2024 03:05am

2024-04-25-02-33

Illegal import of artificial leather worth Rs220m detected

KARACHI: Directorate of Customs Intelligence, Karachi has detected a massive scheme involving the illegal import of... Published 25 Apr, 2024 03:05am

2024-04-25-02-05

Zardari for further strengthening Sino-Pak ties

ISLAMABAD: President Asif Ali Zardari has said that there is a need to further strengthen relations with China in ... Published 25 Apr, 2024 03:05am

2024-04-25-02-04

UNDP Assistant Secretary General calls on Foreign Minister: FO

ISLAMABAD: The United Nations Development Programme (UNDP) Assistant Secretary General (ASG), Kanni Wignaraja, ... Published 25 Apr, 2024 03:05am

2024-04-25-02-04

Tobacco production in LIFDCs cause of concern: study

ISLAMABAD: Pakistan falls under the category of low-income food-deficit countries (LIFDCs), which is among top 10... Published 25 Apr, 2024 03:05am

World

USA

93 arrested at LA university pro-Palestinian protest for trespassing

LOS ANGELES: Ninety-three people were arrested Wednesday at the University of Southern California’s Los Angeles... Published 25 Apr, 2024 01:40pm

Middle East

UAE economy grew 3.3% in first nine months of 2023

DUBAI: The United Arab Emirates (UAE) economy grew 3.3% in the first nine months of 2023, preliminary GDP data from... Published 25 Apr, 2024 01:21pm

Europe

Ukraine drone kills two in frontline region, Russian official says

MOSCOW: A senior Russian proxy official in the occupied Ukrainian region of Zaporizhzhia said Thursday that two... Published 25 Apr, 2024 01:34pm

Europe

Ukraine’s Zelenskiy meets Britain’s Jeremy Hunt in Kyiv

KYIV: Ukrainian President Volodymyr Zelenskiy said on Thursday he met British finance minister Jeremy Hunt in Kyiv... Published 25 Apr, 2024 01:13pm

South Asia

Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons

KUALA LUMPUR: Former Malaysian Prime Minister Mahathir Mohamad is among individuals being investigated in connection... Published 25 Apr, 2024 01:48pm

Editorials

Energising the SME sector

EDITORIAL: In yet another bid to encourage the growth of small and medium-sized enterprises (SMEs), the government...

Chronic power defaulters

EDITORIAL: So, once again the government faces the “challenging task” of extracting recoveries – this time more than...

Increasing violence

EDITORIAL: During the recent days terrorists have attacked seemingly unusual targets while seeking to undermine this...

Interaction with S&P and Fitch

EDITORIAL: Finance Minister Muhammad Aurangzeb met with representatives from Standard and Poor’s and Fitch on the...

The ban on X

EDITORIAL: Following weeks of obfuscation on the issue, the government had to come out to openly state, albeit...

Opinion

Sanctioning Iran? ‘Let’s not kid ourselves’

Shahab Jafry

Watching the US House pass a $95 billion “aid package” for Ukraine, Israel and Taiwan (360-58) reminded me of a...

Rising energy tariffs, sinking economy

Shahid Sattar | Absar Ali

Unless power tariffs for industrial consumers are rationalized immediately, economic catastrophe is imminent....

Gas pricing 2.0: transforming Pakistan’s energy landscape with WACOG

Sajid Mehmood Qazi

In a move that could reshape the energy landscape of the nation, the government is now seriously considering the...

PARTLY FACETIOUS: The journey from the cup to the lip is a bit longer than we thought

Anjum Ibrahim

“So perception as opposed to on the ground reality.” “I am not sure what you are referring to but the charge...

Reimagining corporate affairs

Andleeb Abbas

The outside department. The palm greasers. The scam controllers. The ghost busters. These were some informal...

Perspectives

Iranian president’s visit: outcomes may be short of expectations, but exchange is significant

Umair Jamal

The visit of Iranian President Dr Seyyed Ebrahim Raisi to Pakistan has perhaps, partially repaired the trust that...

Ivy Leagues, so-called ‘anti-semitism’ and the US

Faiza Virani

American higher learning institutions are at an inflection point. Last week, prestigious Columbia University – the...

Pakistan’s investment pitch deck: fix security issues and terrorism

Ali Ahmed

“The menace of terrorism is again rearing its ugly head, threatening our nation’s security as well as regional peace...

Life Style

After severe backlash, Malala condemns Israeli government for ‘war crimes’

Education activist and producer Malala Yousafzai issued a statement on Thursday, condemning the Israeli government... Updated 25 Apr, 2024 12:13pm

Life & Style

Ambani’s JioCinema cuts subscription prices as India’s streaming war heats up

Published 25 Apr, 2024 12:39pm

Life & Style

Malala called ‘sell-out’, criticised for collaborating with Hillary Clinton

Published 24 Apr, 2024 04:16pm

Sports

Osaka doing her homework on clay ahead of French Open

Naomi Osaka picked up her first win on clay in two years on Wednesday and while the former world number one is... Published 25 Apr, 2024 11:10am

Sports

Rizwan, Irfan to miss remainder of T20Is against New Zealand

Published 24 Apr, 2024 08:35pm

Sports

Osaka seals first win on clay since 2022 in Madrid

Published 24 Apr, 2024 08:17pm

Kewell’s Yokohama beat Ulsan to reach Asian Champions League final

YOKOHAMA: Harry Kewell’s Yokohama F-Marinos set up an Asian Champions League final showdown with Al Ain after... Published 24 Apr, 2024 07:01pm

Sports

Nadal will only play French Open if he can ‘compete well’

Published 24 Apr, 2024 06:50pm

Sports

Haaland ruled out of Man City’s crucial trip to Brighton

Published 24 Apr, 2024 05:14pm

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