Home - Business Recorder

Updated 13 May, 2024 09:29am

Aurangzeb spells out priorities

Says improving tax-to-GDP ratio, fast privatisation of state-owned enterprises and overhauling energy sector are priorities of the government

Ali Pervez will join team: Aurangzeb

Updated 13 May, 2024 09:20am

FPCCI seeks comprehensive tax reforms

Updated 13 May, 2024 09:03am

Economist urges broader reforms in tax administration

Updated 13 May, 2024 09:04am

Foreign companies: BoI seeks details of special deployment policy from SBP

Updated 13 May, 2024 09:21am

SIFC to meet tomorrow

Updated 13 May, 2024 09:22am

Egypt says to support South Africa ICJ case against Israel

Updated 13 May, 2024 09:04am

AJK: President, PM for resolving issues through dialogue

Updated 13 May, 2024 09:22am

Govt urged to adopt QR code-based TTS

Updated 13 May, 2024 09:04am

Blocking SIM cards of non-filers: LTO Islamabad to assist FBR

Updated 13 May, 2024 09:26am

Experts for energy conservation, industrialisation

Updated 13 May, 2024 09:28am

Must Read

Editorials

Taxation: maybe we need a rethink

Opinion

Growth model needs to be long term

Opinion

Tax reforms: Aurangzeb has a difficult road ahead

Editorials

Fertiliser subsidy challenge

Opinion

Leveraging climate action for economic resilience: Pakistan’s imperative

Editorials

Political uncertainty continues to pervade

Opinion

The power sector - some hard facts

Business & Finance

Pakistan highlighted as ‘core part’ of Emirates’ strategy as Dubai’s annual Arabian Travel Market event concludes

Opinion

The wheat woes

Markets

Govt’s balancing act: incentivise solar, but not too much?

Editorials

The affectivity of a narrative

Calculate your monthly liability in FY24

There will be no new fuel subsidy or cross-subsidy schemes: Govt makes firm pledge to IMF

NJLI Sarmaya Growth Fund Rates

Gold price per tola jumps Rs4,600 in Pakistan

MBS’s visit put off for ‘time being’

Supplies by importers: Reduced rate of 1-4pc for purpose of tax withholding likely

Islamabad seeks Chinese assistance for completion of two hydropower projects

Finance Minister says no such thing as strategic state-owned enterprises

‘Cost-side reforms’: IMF says Pakistan needs to revisit terms of power purchase agreements

Wind projects: KE’s Dhabeji grid station, NTDC line to reduce power cuts: PPIB

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 13	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 13 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 13 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 13 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 13 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 13	288.49

There will be no new fuel subsidy or cross-subsidy schemes: Govt makes firm pledge to IMF

NJLI Sarmaya Growth Fund Rates

Gold price per tola jumps Rs4,600 in Pakistan

MBS’s visit put off for ‘time being’

Supplies by importers: Reduced rate of 1-4pc for purpose of tax withholding likely

Islamabad seeks Chinese assistance for completion of two hydropower projects

Finance Minister says no such thing as strategic state-owned enterprises

‘Cost-side reforms’: IMF says Pakistan needs to revisit terms of power purchase agreements

Wind projects: KE’s Dhabeji grid station, NTDC line to reduce power cuts: PPIB

Business & Finance

2024-05-13-01-32

PIA’s privatisation: Call for utilisation of Turkish expertise

PESHAWAR: Prominent Businessman and Honorary Consul General of the Republic of Turkey, Salim Saifullah Khan has... Published 13 May, 2024 06:08am

BR Research

Power load-shedding must end

As the power regulator approved Rs2.84/unit on account of monthly Fuel Charges Adjustment (FCA) for March 2024 –...

Published 13 May, 2024 08:58am

2024-05-13-01-43

PAJCCI for simplification of tax collection procedure

PESHAWAR: Coordinator Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Zia ul Haq Sarhadi has laid stress... Published 13 May, 2024 06:08am

2024-05-13-01-43

Business community demands lab for gemstone certification

PESHAWAR: Business community demanded establishment of a state of the art laboratory for certification of precious... Published 13 May, 2024 06:08am

BR Research

Punjab Oil Mills Limited

Punjab Oil Mills (PSX: POML) is incorporated as a public limited company in Pakistan. The principal activity of the...

Published 13 May, 2024 08:53am

2024-05-13-01-32

Economic growth: Senate chief extols traders’ crucial role

MULTAN: Chairman Senate Syed Yusuf Raza Gilani on Sunday commended the indispensable role of the business community... Published 13 May, 2024 06:08am

2024-05-13-01-32

South Korea to set up $7bn aid package for chip industry

SEOUL: South Korea will set up an aid package worth more than $7 billion to support its chip industry, the finance... Published 13 May, 2024 06:08am

2024-05-13-01-32

China’s exports and imports return to growth, signalling demand recovery

BEIJING: China’s exports and imports returned to growth in April after contracting in the previous month, customs... Published 13 May, 2024 06:08am

2024-05-13-01-32

France secures jobs, investments from Amazon, Pfizer and Morgan Stanley

PARIS: France secured on Sunday new jobs and investments with Internet giant Amazon, healthcare company Pfizer and... Published 13 May, 2024 06:08am

Business & Economy

Finance Minister says no such thing as strategic state-owned enterprises

Muhammad Aurangzeb says there will be a public-private partnership and we will accelerate the privatisation agenda

Updated 12 May, 2024 10:24pm

BR Research

Load-shedding leads to higher adjustments

Another Rs52 billion has been sought by the power distribution companies on account of the quarterly tariff...

Published 10 May, 2024 09:02am

BR Research

OGDC – A weaker 3Q

The largest E&P in the country announced its financial performance for 3QFY24 recently where earnings were seen...

Published 10 May, 2024 08:59am

BR Research

Bolan Castings Limited

Bolan Castings Limited (PSX: BCL) was incorporated in Pakistan as a public limited company in 1982. It is a...

Published 10 May, 2024 08:55am

BR Research

You cannot quit cold turkey when there is no market!

To the federal cabinet secretary in charge of the wheat inquiry committee: Happy hunting, sir. Afterall, if a target...

Published 09 May, 2024 08:23am

Pakistan

2024-05-13-02-47

JI refuses to align with opposition alliance

ISLAMABAD: Jamaat-e-Islami (JI) refused to align with the opposition alliance while emphasizing the need for... Published 13 May, 2024 06:08am

2024-05-13-01-32

Dar to arrive in Beijing today

BEIJING: Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar will arrive here on Monday on an official... Published 13 May, 2024 06:08am

2024-05-13-01-32

Pakistan calls for UN-led cyber capacity-building mechanism

UNITED NATIONS: Pakistan has underscored the need for a permanent cyber capacity building mechanism under the UN,... Published 13 May, 2024 06:08am

2024-05-13-01-32

Rehabilitation of flood-affected people, construction of 2.1m houses top priority: CM

HYDERABAD: Sindh Chief Minister Syed Murad Ali Shah has said that the people of Sindh awarded a great success to the... Published 13 May, 2024 06:08am

2024-05-13-01-32

Speaker summons parliamentary leaders’ meeting today

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq has called a meeting of parliamentary leaders on Monday at... Published 13 May, 2024 06:08am

2024-05-13-01-32

Schools, colleges: Punjab announces vacation schedule

LAHORE: With temperatures rising across Pakistan, Punjab has announced its summer vacation schedule for schools and... Published 13 May, 2024 06:08am

World

2024-05-13-02-47

UK newspaper groups warn Apple over ad-blocking plans, FT reports

LONDON: British newspaper groups have warned Apple that any move to impose a so-called “web eraser” tool to ... Published 13 May, 2024 06:08am

2024-05-13-02-47

Donors pledge over $2bn for Gaza at Kuwait conference

KUWAIT CITY: A conference of international donors in Kuwait pledged over $2 billion in aid to Gaza Sunday as UN... Published 13 May, 2024 06:08am

Europe

Banning UK arms exports to Israel would strengthen Hamas, UK’s Cameron says

LONDON: Stopping British arms sales to Israel if it launches a ground assault on Rafah in the Gaza Strip would... Published 12 May, 2024 05:41pm

Europe

At least 17 hurt in Ukraine strike on Russian border city

BELGOROD: A building collapsed in the Russian border city of Belgorod after a Ukrainian strike, leaving at least 17... Published 12 May, 2024 05:36pm

South Asia

Rescuers struggle to reach Afghanistan flood-hit areas

SHEIKH JALAL, (Afghanistan): Emergency aid and rescue teams struggled on Sunday to reach areas of northern... Published 13 May, 2024 06:08am

Editorials

Taxation: maybe we need a rethink

EDITORIAL: The IMF (International Monetary Fund) may ask the government to enhance the tax collection to reach 13...

BJP and IIOJ&K election

EDITORIAL: Addressing a rally two months before the commencement of present general elections, India’s Hindu...

Fertiliser subsidy challenge

EDITORIAL: One can only wonder what to make of the ministry of industry and production’s proposal to extend...

Writing on the wall

EDITORIAL: It’s not every day that a politician’s interview goes viral and impacts the national narrative quite...

Political uncertainty continues to pervade

EDITORIAL: Three months after the general elections that were expected to presage easing of all political ...

Opinion

Growth model needs to be long term

Anjum Ibrahim

Pakistan has never achieved impressive growth rates in its history with the highest rate (average) achieved in the...

Tax reforms: Aurangzeb has a difficult road ahead

Ali Khizar

Reportedly, the IMF expects FBR tax revenues to grow by over 30 percent in the upcoming fiscal year (FY25). However,...

Strategy for sustainable growth: Energy-efficient textile industry

Uzma Zia | Anjeela Khurram

Since 2000, there has been a significant outburst in the global energy consumption, paralleled by Pakistan’s ...

Leveraging climate action for economic resilience: Pakistan’s imperative

Dr. Fatima khushnud

In the intricate web of global economics; the fusion of climate action, economic stability, and international...

The power sector - some hard facts

Farhat Ali

Among many sectors of fiscal drain, the circular debt of the energy sector is one area on the economic landscape of...

Perspectives

Pilgrimage to Makkah & Madina in the digital age

S. M. Hali

Every year millions of Muslims from around the globe converge towards the holy sites of Haram Sharif at Makkah and...

Dubai’s booming gastronomy scene: there is a lesson here

Rehan Ayub

Organised by Dubai’s Festivals and Retail Establishment, the 11th edition of Dubai Food Festival (DFF) is set to...

Return of the turncoats: a familiar tale in Balochistan politics

Imtiaz Baloch

Recent years have seen tumultuous political conditions in Pakistan with no one party able to form a clear majority,...

Life Style

Japanese singer enthrals audience at NAPA

KARACHI: Japanese singer Kenta Shoji took the audience at the National Academy of Performing Arts-NAPA to an... Published 13 May, 2024 06:08am

Life & Style

‘Pakistan Crescent Collective’ set to debut at Cannes Film Festival

Published 11 May, 2024 02:59pm

Life & Style

Actors playing Mohammed Ali Jinnah, Fatima revealed by SonyLIV

Published 11 May, 2024 04:59pm

Sports

T20I World Cup: Zaka expresses ‘good wishes’ for team

LAHORE: Former Chairman Pakistan Cricket Board (PCB) Ch. Zaka Ashraf has expressed good wishes for Pakistan team in... Published 13 May, 2024 06:08am

Sports

Egypt’s Zakaria wins 16th CNS International Squash Championship 2024

Published 13 May, 2024 06:08am

Sports

Pakistan defeat Ireland to level T20 series

Published 13 May, 2024 12:39am

Tabilo beats Djokovic in massive upset at Italian Open

Chile’s Alejandro Tabilo claimed the biggest win of his career when he beat world number one Novak Djokovic 6-2 6-3... Published 12 May, 2024 07:41pm

Sports

Pakistan hockey team returns with silver at Azlan Shah Cup

Published 12 May, 2024 07:20pm

Sports

Sabalenka reaches Rome last 16, Djokovic returns after bottle drama

Published 12 May, 2024 06:54pm

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