Home - Business Recorder

Updated 25 Apr, 2024 09:50am

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

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

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

Updated 25 Apr, 2024 09:42am

Talks with IMF: Blome expresses optimism

Updated 25 Apr, 2024 09:00am

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

Updated 25 Apr, 2024 09:00am

PM vows to deal with challenges facing Sindh govt

Updated 25 Apr, 2024 08:54am

Tax law amendment bill introduced in NA

Updated 25 Apr, 2024 08:53am

NTDC bars CE (DTLP) from discussing tender of Dasu-ISW

Updated 25 Apr, 2024 09:19am

Investment and loss reduction: KE’s 7-year plan approved by Nepra

Updated 25 Apr, 2024 08:59am

Joint statement: Islamabad, Tehran agree to seal FTA

Updated 25 Apr, 2024 09:40am

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

Updated 25 Apr, 2024 09:19am

Upcoming budget: Experts support stabilisation reforms

Updated 25 Apr, 2024 08:54am

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’

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?

Perspectives

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

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 24	278.59
USD PKR Interbank Buying / Apr 24	278.39
USD to Japanese Yen / Apr 24	155.21
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.25
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
India Sensex / Apr 24	73852.94
Tokyo Nikkei / Apr 24	38460.08
Nasdaq / Apr 24	15712.75
Hang Seng / Apr 24	17201.27
FTSE 100 / Apr 24	8040.38
Dow Jones / Apr 24	38460.92
Germany DAX 30 / Apr 24	18088.70

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	82.83
Gold Spot USD/Ounce / Apr 24	2318.17
Cotton US¢/pound / Apr 24	81.01
Petrol/Litre / Apr 25	293.94

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 24	278.59
USD PKR Interbank Buying / Apr 24	278.39
USD to Japanese Yen / Apr 24	155.21
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.25
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
India Sensex / Apr 24	73852.94
Tokyo Nikkei / Apr 24	38460.08
Nasdaq / Apr 24	15712.75
Hang Seng / Apr 24	17201.27
FTSE 100 / Apr 24	8040.38
Dow Jones / Apr 24	38460.92
Germany DAX 30 / Apr 24	18088.70

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	82.83
Gold Spot USD/Ounce / Apr 24	2318.17
Cotton US¢/pound / Apr 24	81.01
Petrol/Litre / Apr 25	293.94

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

2024-04-25-02-33

Country misses wheat production target

ISLAMABAD: The country has missed the wheat production target as the estimated production of the commodity is 29.69... Published 25 Apr, 2024 03:05am

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

2024-04-25-02-33

Insurance sector: SECP advocates adoption of IFRS-17

KARACHI: The Institute of Chartered Accountants of Pakistan (ICAP) held a seminar in collaboration with Asian... Published 25 Apr, 2024 03:05am

2024-04-25-02-33

Tax-related disputes: SOEs allowed to adopt ADR facility before litigation

ISLAMABAD: The government has decided to allow state-owned enterprises (SOEs) to first avail the facility of the... Published 25 Apr, 2024 03:05am

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

Business & Economy

IMF Executive Board to meet April 29 on Pakistan’s SBA

Approval will pave way for inflow of nearly $1.1bn

Updated 24 Apr, 2024 10:30pm

Business & Economy

Extend handshake to all neighbours including India, suggests Arif Habib to PM Shehbaz

Also advises improving relations with 'resident' at Adiala Jail, in reference to Imran Khan

Updated 24 Apr, 2024 07:35pm

2024-04-25-12-56

DRAP asks drug makers, importers to comply with guidelines

ISLAMABAD: The Drug Regulatory Authority of Pakistan (DRAP) has directed the local pharmaceutical industry and drug... Published 25 Apr, 2024 03:05am

2024-04-25-12-53

Construction of vital trade corridor will begin next week: minister

LAHORE: Punjab’s Minister for Communication and Works, Sohaib Ahmad Bharath, announced plans to commence the... Published 25 Apr, 2024 03:05am

Companies

NLC inks MoU with Hutchison Ports

To improve the quality of logistics services and develop supply chain synergies, National Logistics Corporation... Published 24 Apr, 2024 08:35pm

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

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

2024-04-25-02-04

Civilians held in military custody: SC urged to immediately form larger bench

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) and family members of the prisoners demanded Supreme Court of Pakistan... Published 25 Apr, 2024 03:05am

World

2024-04-25-12-46

Israel launches ‘offensive action’ in Lebanon as Gaza pummelled

JERUSALEM: Israel said Wednesday its forces were carrying out “offensive action” in Lebanon after launching... Published 25 Apr, 2024 03:05am

2024-04-25-12-46

US quietly shipped long-range ATACMS missiles to Ukraine

WASHINGTON: The United States in recent weeks secretly shipped long-range missiles to Ukraine for use in its battle... Published 25 Apr, 2024 03:05am

Europe

Russia detains deputy of defence minister

MOSCOW: Russian security services detained one of Defence Minister Sergei Shoigu’s deputies on suspicion of taking... Published 25 Apr, 2024 03:05am

Europe

Sunak, Scholz vow support for Ukraine for ‘as long as it takes’

BERLIN: The leaders of Britain and Germany pledged Wednesday to back Ukraine in its war with Russia for “as long as... Published 24 Apr, 2024 06:54pm

South Asia

India inspects plants of spice makers MDH, Everest over alleged contamination

BENGALURU: India is inspecting facilities of spice makers MDH and Everest for compliance with quality standards... Published 24 Apr, 2024 09:46pm

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 Wednesday, condemning the Israeli government... Published 25 Apr, 2024 10:00am

Life & Style

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

Published 24 Apr, 2024 04:16pm

Life & Style

Need a US hotel for Graduation Day? Good luck

Published 24 Apr, 2024 04:03pm

Sports

Rizwan, Irfan to miss remainder of T20Is against New Zealand

Wicketkeeper-batter Mohammad Rizwan and middle-order batter Mohammad Irfan Khan have been ruled out of the remaining... Published 24 Apr, 2024 08:35pm

Sports