Home - Business Recorder

Updated 23 May, 2024 09:22am

Bidding process for PIA to be aired live: Aleem

Says PIA is facing a loss of Rs 830 billion

Mid-year review: 77pc borrowing for financing fiscal deficit thru domestic sources: MoF

Updated 23 May, 2024 09:22am

Govt raises Rs97bn via auction for PIBs

Updated 23 May, 2024 09:19am

FBR to issue uniform tax recovery rules in budget

Updated 23 May, 2024 09:16am

Govt, World Bank working on new CPF programme

Updated 23 May, 2024 08:46am

Nandipur and Guddu Power plants: PC has reservations against PD for not sharing info with FAs

Updated 23 May, 2024 09:17am

No super tax payable on income falling under FTR: Karachi ATIR

Updated 23 May, 2024 08:45am

Non-filers: Govt decision to block SIMs still in effect: IHC

Updated 23 May, 2024 09:18am

Budget proposals: OICCI for standardising GST rates and policies

Updated 23 May, 2024 09:19am

Cipher case: FIA submits plea to present Lu’s statement

Updated 23 May, 2024 08:45am

Terror attack near Besham: Govt to pay $2.5m compensation to Chinese nationals’ heirs

Updated 23 May, 2024 09:17am

Must Read

Editorials

GDP growth for the current year

Opinion

Yes-man democracy

Opinion

Privatisation of SOEs: a focus on PIA

Editorials

EAC composition: a step in the right direction

Opinion

Properties of Pakistanis in Dubai

World

Pakistan’s IT cos like incorporating in Dubai: ease of payments is just one of many reasons

Life & Style

Karachi ranked 918th out of 1,000 in Oxford Economics’ Global Cities Index

BR Research

Cement prices: up or down?

Opinion

Cotton production: India moves forward, Pakistan falls behind

Editorials

Informal economy

Opinion

IMF projections for FY2024-25

Calculate your monthly liability in FY24

Properties of Pakistanis in Dubai

Federal Budget: PM pledges more facilities for investors

NJLI Sarmaya Growth Fund Rates

Sell-off plan approvals: New independent directors appointed for 9 Discos

Rs84bn payments to PSO: SNGPL sends SOS to PD

Chinese companies keen in expansion project, says PRL

IMF projections for FY2024-25

Rupee declines further against US dollar

Aurangzeb tells PRBC team: FBR digitalisation to broaden tax net

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 22	278.62
USD PKR Interbank Buying / May 22	278.42
USD to Japanese Yen / May 22	156.82
USD to Swiss Franc / May 22	0.92
Pound Sterling to USD / May 22	1.27
Euro to USD / May 22	1.08

Stock	Volume
S&P 500 / May 22	5307.01
India Sensex / May 22	74221.06
Tokyo Nikkei / May 22	38876.82
Nasdaq / May 22	16801.54
Hang Seng / May 22	19024.41
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20

Item	Value
Crude Oil USD/Barrel / May 22	76.88
Karachi Cotton PKR/37.32 KG / May 22	19935
Gold 10 Grams PKR / May 22	212791
Gold Spot USD/Ounce / May 22	2371.48
Cotton US¢/pound / May 22	79
Petrol/Litre / May 23	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 22	278.62
USD PKR Interbank Buying / May 22	278.42
USD to Japanese Yen / May 22	156.82
USD to Swiss Franc / May 22	0.92
Pound Sterling to USD / May 22	1.27
Euro to USD / May 22	1.08

Stock	Volume
S&P 500 / May 22	5307.01
India Sensex / May 22	74221.06
Tokyo Nikkei / May 22	38876.82
Nasdaq / May 22	16801.54
Hang Seng / May 22	19024.41
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20

Item	Value
Crude Oil USD/Barrel / May 22	76.88
Karachi Cotton PKR/37.32 KG / May 22	19935
Gold 10 Grams PKR / May 22	212791
Gold Spot USD/Ounce / May 22	2371.48
Cotton US¢/pound / May 22	79
Petrol/Litre / May 23	273.10

Properties of Pakistanis in Dubai

Federal Budget: PM pledges more facilities for investors

NJLI Sarmaya Growth Fund Rates

Sell-off plan approvals: New independent directors appointed for 9 Discos

Rs84bn payments to PSO: SNGPL sends SOS to PD

Chinese companies keen in expansion project, says PRL

IMF projections for FY2024-25

Rupee declines further against US dollar

Aurangzeb tells PRBC team: FBR digitalisation to broaden tax net

Business & Finance

2024-05-23-02-34

Amazon to invest 15.7bn euros in Spain

MADRID: Amazon’s cloud computing division AWS will invest 15.7 billion euros ($17 billion) to expand its data... Updated 23 May, 2024 06:19am

BR Research

Power sector: The rut, the rot, the riot

April 2024 marked the 7th straight month of electricity generation going down year-on-year. Make it 19 out of the...

Published 23 May, 2024 08:14am

2024-05-23-01-36

Successful completion of 9-month SBA: Aurangzeb briefs Canadian envoy

ISLAMABAD: Canadian High Commissioner to Pakistan Leslie Scanlon called on Federal Minister for Finance and Revenue... Published 23 May, 2024 05:16am

2024-05-23-01-36

CDWP recommends ML-1 Railway Project to ECNEC

ISLAMABAD: The Central Development Working Party (CDWP) recommended ML-1 Railway Project at cost of $6.7 billion... Published 23 May, 2024 05:16am

BR Research

Imported cotton demand: a threat managed?

Earlier this month, the IMF came under fire for projecting a significantly exaggerated forecast of Pakistan’s trade...

Published 23 May, 2024 08:10am

2024-05-23-12-49

Japanese envoy briefed about privatisation process

ISLAMABAD: Wada Mitsuhiro, Ambassador of Japan to Pakistan called on the Federal Minister for Privatisation,... Published 23 May, 2024 05:16am

Industry

Gems, precious stones sector: PM seeks steps to elevate status

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif wanted taking steps to give the status of regular industry to the... Published 23 May, 2024 05:15am

Industry

OICCI, Shell hold symposium on energy: Pakistan can produce green energy on large scale: minister

ISLAMABAD: Overseas Investors Chamber of Commerce and Industry (OICCI) and Shell Pakistan Limited jointly hosted a... Published 23 May, 2024 05:16am

2024-05-23-12-51

Address at FCCI: Indonesian diplomat calls for three-fold increase in trade volume

FAISALABAD: “Bilateral trade volume between Indonesia and Pakistan could be enhanced to three folds but we must... Published 23 May, 2024 05:16am

2024-05-23-12-16

Poland-Pakistan trade volume reaches $920m: envoy

KARACHI: The Ambassador of Republic of Poland Maciej Pisarski has informed that the overall trade volume between... Published 23 May, 2024 05:16am

BR Research

Lucky Core Industries Limited

Lucky Core Industries Limited (PSX: LCI) was incorporated in Pakistan as a public limited company as Khewra Soda Ash...

Published 23 May, 2024 08:06am

BR Research

FDI – better or not?

Like other uncertainties in the country, the investment climate in Pakistan is always volatile. This is the very...

Published 22 May, 2024 06:34am

BR Research

Cement prices: up or down?

Latest reports suggest cement prices across markets have surged by Rs20-30 per bag. This is despite no visible...

Published 22 May, 2024 06:30am

BR Research

Service Industries Limited

Service Industries Limited (PSX: SRVI) was incorporated in Pakistan as a private limited company in 1957 and later...

Published 22 May, 2024 06:27am

Pakistan

2024-05-23-02-34

Number of Pakistani students leaving Kygyzstan to exceed 4,000: Commission set up to investigate violence

ISLAMABAD: Foreign Minister Ishaq Dar on Wednesday announced setting up of an inquiry committee to probe into the... Published 23 May, 2024 05:16am

2024-05-23-02-34

Pakistan firmly upholds One-China principle: President

ISLAMABAD: President Asif Ali Zardari has reiterated that Pakistan firmly adhered to the One-China principle as the... Published 23 May, 2024 05:16am

2024-05-23-02-34

Attack on party spokesperson: IK hints at launching street protests

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan on Wednesday said, “we running out of... Published 23 May, 2024 05:16am

2024-05-23-02-34

PM meets Khamenei, offers condolences

ISLAMABAD: Iranian Supreme Leader Ayatollah Seyyed Ali Khamenei has emphasised that late President Ebrahim Raisi’s... Published 23 May, 2024 05:16am

2024-05-23-01-36

US returns 133 stolen artifacts to Pakistan

NEW YORK: The United States (US) returned to Pakistan 133 pieces of stolen antiquities worth over $13 million at a... Published 23 May, 2024 05:16am

2024-05-23-01-36

Three held for gas theft on businesses

KARACHI: The team of Sui Southern Gas Company’s Counter Gas Theft Operations (CGTO) is continuously carrying out... Published 23 May, 2024 05:16am

World

2024-05-23-02-34

China announces sanctions on US defence firms

BEIJING: China said Wednesday it would impose sanctions on a number of US defence firms and several executives over... Published 23 May, 2024 05:16am

2024-05-23-02-34

Big crowds in Tehran for Raisi’s funeral

TEHRAN: Iran’s supreme leader Ayatollah Ali Khamenei led prayers for late president Ebrahim Raisi on Wednesday as... Published 23 May, 2024 05:16am

Europe

Russia deals symbolic blow to Ukraine with village capture

KYIV: Russia said Wednesday that its forces had retaken Klishchiivka, one of a handful of villages on the eastern... Published 23 May, 2024 05:16am

Europe

France tests updated air-launched nuclear missile

PARIS: France on Wednesday carried out its first test firing of an updated nuclear-capable missile designed to be... Published 22 May, 2024 11:01pm

South Asia

Poll panel orders BJP, Congress to show restraint in campaign

NEW DELHI: India’s election panel on Wednesday ordered the ruling Bharatiya Janata Party and opposition Congress ... Published 23 May, 2024 05:16am

Editorials

GDP growth for the current year

EDITORIAL: Pakistan Bureau of Statistics (PBS) estimated Gross Domestic Product growth rate for the current year at...

Defamation law

EDITORIAL: Of course the Punjab government knew just which conventions and rules it was trampling upon as it...

EAC composition: a step in the right direction

EDITORIAL: Prime Minister Shehbaz Sharif has constituted a seven-member Economic Advisory Council (EAC) under his ...

Ebrahim Raisi: a political heavyweight

EDITORIAL: Iran is observing five-day mourning for President Ebrahim Raisi and Foreign Minister Hossein...

Informal economy

EDITORIAL: The size of Pakistan’s informal sector has been a cause for much consternation for our policymakers as...

Opinion

Yes-man democracy

Shahab Jafry

Why all the fuss about dragging Ayub Khan out of his grave just to get at Omar Ayub Khan? The man has every right to...

Privatisation of SOEs: a focus on PIA

Ayesha Rehman

Pakistan’s economy is confronting numerous challenges like fiscal deficits, low savings, limited investment, low...

Anti-theft campaign — will the latest succeed?

Engr Tahir Basharat Cheema

Pakistan leads the way in the incidence of illegal abstraction of energy (theft of electricity in the legal lingo)....

PARTLY FACETIOUS: What actually constitutes defamation?

Anjum Ibrahim

“So explain the Punjab defamation bill to me.” “An aggrieved person can go to the one-man tribunal, appointed by the...

Properties of Pakistanis in Dubai

Syed Shabbar Zaidi

In 2019 when I was the Chairman of Federal Board of Revenue (FBR) I asked my Director General International Taxation...

Perspectives

Can aging thermal power plants in Pakistan be revitalised?

Haneea Isaad

In line with Pakistan’s dedication towards indigenising its energy mix, a new proposal is gaining traction:...

The revolving door of instability in Pakistan

Umair Jamal

The current state of affairs in Pakistan is deeply concerning as the country appears to be slipping back into...

Pakistan’s Civil Services Exams: making a case for provision of bilingual mode in interviews

Osama Rizvi

Learning Via Negativa, or addition through subtraction, is a highly useful technique to learn. Acting upon this...

Life Style

Karachi ranked 918th out of 1,000 in Oxford Economics’ Global Cities Index

New York, London, San Jose, Tokyo, and Paris top list

Published 22 May, 2024 05:31pm

Life & Style

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