Home - Business Recorder

Updated 15 Jan, 2025 09:25am

SIFC takes stock of Uraan plan, stakeholders

Resolves to formulate an effective strategy to implement Uraan Pakistan

Markets

Buying continues at PSX, KSE-100 gains over 900 points

Published 15 Jan, 2025 10:30am

Pakistan

Four terrorists killed in North Waziristan IBO: ISPR

Published 15 Jan, 2025 11:30am

Pakistan

World Bank’s $20bn pledge reflects confidence in Pakistan’s economy: PM Shehbaz

Published 15 Jan, 2025 11:34am

Rs10-11/unit fall in power tariff likely: Cabinet clears revised pacts with 14 IPPs

Updated 15 Jan, 2025 09:18am

$25bn IT exports target: PM directs authorities to boost the IT base

Updated 15 Jan, 2025 08:34am

Flat steel products: Govt likely to extend RD for 3 months

Updated 15 Jan, 2025 09:18am

Finance, technology, and tourism sectors: Pakistan, Hong Kong for bolstering relations

Updated 15 Jan, 2025 09:22am

Project’s COD changed: Member slams Nepra for overstepping authority

Updated 15 Jan, 2025 08:35am

World Bank approves 10-year Country Partnership Framework

Updated 15 Jan, 2025 09:19am

Power tariff may be reset annually from Jan 1

Updated 15 Jan, 2025 09:21am

Must Read

Editorials

Pension calculation formula

BR Research

Breaking the thread: is EFS the reckoning spinning deserves?

Opinion

90 seconds – from disasters to destinies

Editorials

Rise in home remittances

BR Research

Mixed signals

BR Research

Pakistan’s remittance surge

Opinion

Growth in exports

Editorials

Sacrificed at the altar of fiscal constraint

‘$150bn in damage’: photos, videos show destruction in Los Angeles by wildfires

BR Research

What does 2025 have in store for world cotton markets?

Opinion

Politics and economics

CJCSC Shamshad, COAS Munir meet Bangladesh Armed Forces’ PSO

PM Shehbaz chairs federal cabinet meeting in Islamabad

Recorder headlines

Malala Yousafzai says ‘Israel has decimated the entire education system’ in Gaza

Budget 2024-25: income tax calculator for FY25

H1 remittances surpass export earnings

NJLI Sarmaya Growth Fund Rates

FBR grilled by SIFC for misuse of EFS

PIA privatisation: EOI to be published by month-end

Shell Pakistan changes name to Wafi Energy Pakistan Limited

Aurangzeb pledges enhanced security for Chinese interests in Pakistan: Report

Pakistan’s remittance surge

Faceless customs assessment system: PM orders countrywide enforcement

Country preparing to launch yuan-denominated bonds: Aurangzeb

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 14	278.92
USD PKR Interbank Buying / Jan 14	278.72
USD to Japanese Yen / Jan 15	157.36
USD to Swiss Franc / Jan 15	0.91
Pound Sterling to USD / Jan 15	1.22
Euro to USD / Jan 15	1.03

Stock	Volume
S&P 500 / Jan 14	5,842.91
Nasdaq / Jan 14	19,044.39
FTSE 100 / Jan 14	8,201.54
Dow Jones / Jan 14	42,518.28
Germany DAX 30 / Jan 14	20,271.33
France CAC40 / Jan 14	7,423.67
India Sensex / Jan 15	76,746.81
Tokyo Nikkei / Jan 15	38,379.49

Item	Value
Gold 10 Grams PKR / Jan 9	237,483
Karachi Cotton PKR/37.32 KG / Jan 14	18,785
Petrol/Litre / Jan 15	252.66
Crude Oil USD/Barrel / Jan 15	77.93
Gold Spot USD/Ounce / Jan 15	2,681.51
Diesel/Litre / Jan 15	258.34

Gainers
Losers
Leaders

Stock	Price
Gulshan Sp. / Jan 15 Gulshan Spinning Mills Limited(GSPM)	4.55 ▲ 0.45 (10.98%)
Service Textile / Jan 15 Service Industries Textiles Limited(SERT)	15.13 ▲ 1.38 (10.04%)
Power Cem(Pref) / Jan 15 Power Cement (Pref)(POWERPS)	12.29 ▲ 1.12 (10.03%)
Gulistan Sp. / Jan 15 Gulistan Spinning Mills Limited(GUSM)	11.65 ▲ 1.06 (10.01%)
BF Biosciences / Jan 15 BF Biosciences Limited(BFBIO)	231.30 ▲ 21.03 (10.00%)

Stock	Price
Sana Ind / Jan 15 Sana Industries Limited(SNAI)	30.10 ▼ -3.33 (-9.96%)
Zahid Jee Textile / Jan 15 Zahidjee Textile Mills Limited(ZAHID)	25.21 ▼ -2.79 (-9.96%)
Masood Textile / Jan 15 Masood Textile Mills Limited(MSOT)	50.02 ▼ -5.53 (-9.95%)
Din Tex. / Jan 15 Din Textile Mills Limited(DINT)	43 ▼ -4.10 (-8.70%)
Pak. P.V.C. / Jan 15 Pakistan PVC Limited(PPVC)	9.51 ▼ -0.87 (-8.38%)

Stock	Volume
Cnergyico PK / Jan 15 Cnergyico PK Limited(CNERGY)	42,527,928 ▲ 0.11
Pak Refinery / Jan 15 Pakistan Refinery Limited(PRL)	38,066,803 ▲ 1.90
K-Electric Ltd. / Jan 15 K-Electric Limited(KEL)	33,447,471 ▼ -0.03
WorldCall Telecom / Jan 15 Worldcall Telecom Limited(WTL)	29,525,333 ▲ 0.02
Sui South Gas / Jan 15 Sui Southern Gas Company Limited(SSGC)	26,679,632 ▼ -0.87

Markets →

CJCSC Shamshad, COAS Munir meet Bangladesh Armed Forces’ PSO

PM Shehbaz chairs federal cabinet meeting in Islamabad

Recorder headlines

Malala Yousafzai says ‘Israel has decimated the entire education system’ in Gaza

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 14	278.92
USD PKR Interbank Buying / Jan 14	278.72
USD to Japanese Yen / Jan 15	157.36
USD to Swiss Franc / Jan 15	0.91
Pound Sterling to USD / Jan 15	1.22
Euro to USD / Jan 15	1.03

Stock	Volume
S&P 500 / Jan 14	5,842.91
Nasdaq / Jan 14	19,044.39
FTSE 100 / Jan 14	8,201.54
Dow Jones / Jan 14	42,518.28
Germany DAX 30 / Jan 14	20,271.33
France CAC40 / Jan 14	7,423.67
India Sensex / Jan 15	76,746.81
Tokyo Nikkei / Jan 15	38,379.49

Item	Value
Gold 10 Grams PKR / Jan 9	237,483
Karachi Cotton PKR/37.32 KG / Jan 14	18,785
Petrol/Litre / Jan 15	252.66
Crude Oil USD/Barrel / Jan 15	77.93
Gold Spot USD/Ounce / Jan 15	2,681.51
Diesel/Litre / Jan 15	258.34

H1 remittances surpass export earnings

NJLI Sarmaya Growth Fund Rates

FBR grilled by SIFC for misuse of EFS

PIA privatisation: EOI to be published by month-end

Shell Pakistan changes name to Wafi Energy Pakistan Limited

Aurangzeb pledges enhanced security for Chinese interests in Pakistan: Report

Pakistan’s remittance surge

Faceless customs assessment system: PM orders countrywide enforcement

Country preparing to launch yuan-denominated bonds: Aurangzeb

Business & Finance

Business & Economy

World Bank’s $20bn pledge reflects confidence in Pakistan’s economy: PM Shehbaz

Prime Minister Shehbaz Sharif on Wednesday welcomed the World Bank’s (WB) pledge of $20 billion for Pakistan under... Published 15 Jan, 2025 11:34am

BR Research

Breaking the thread: is EFS the reckoning spinning deserves?

The Export Facilitation Scheme (EFS) allows duty-free and tax-free import of inputs for export manufacturing....

Published 15 Jan, 2025 07:58am

Stocks

Buying continues at PSX, KSE-100 gains over 900 points

Buying spree continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 900... Published 15 Jan, 2025 10:30am

2025-01-15-02-05

POL products: Ex-depot prices may go up by Rs6.20/litre from 16th

ISLAMABAD: The ex-depot prices of petroleum products are estimated to increase by up to Rs6.20 per litre with effect... Published 15 Jan, 2025 02:59am

BR Research

Mixed signals

Consumers say they don’t intend to purchase motor vehicles in the next six months—well, most consumers, not all;...

Published 15 Jan, 2025 07:55am

2025-01-15-02-05

Pakistan signs MoU with Bangladesh on rice export

DHAKA: Trading Corporation of Pakistan (TCP) and the Directorate General of Food, Bangladesh, today signed a... Published 15 Jan, 2025 02:59am

$25bn in 5 years: PM Shehbaz expresses satisfaction at measures for IT exports target

Prime Minister Shehbaz Sharif expressed satisfaction over the measures being taken to increase Pakistan’s IT exports... Updated 14 Jan, 2025 11:50pm

Statistics

SUVs take the spotlight as Pakistan car sales soar 69% YoY in December

Car sales in Pakistan surged 69% to 9,820 units in December 2024 as compared to the same month of the last year,... Updated 14 Jan, 2025 11:51pm

Industry

Federal cabinet approves proposal to revise agreements with 14 IPPs: PMO

Revised agreements will include reduction of Rs802 billion in profits, costs of independent power producers

Updated 14 Jan, 2025 11:06pm

Bullion Rate

Gold price per tola falls Rs1,400 in Pakistan

Gold prices in Pakistan decreased on Tuesday in line with their decline in international rates. In the local market,... Published 14 Jan, 2025 07:11pm

BR Research

Sitara Chemical Industries Limited

Sitara Chemical Industries Limited (PSX: SITC) was incorporated in Pakistan as a public limited company in 1981. The...

Published 15 Jan, 2025 07:49am

BR Research

Pakistan’s remittance surge

In December 2024, remittances to Pakistan reached $3.08 billion, reflecting an impressive 29.3 percent year-on-year...

Published 14 Jan, 2025 08:36am

BR Research

Murree Brewery Company Limited

Murree Brewery Company Limited (PSX: MUREB) was incorporated as a public limited company in 1861. The principal...

Published 14 Jan, 2025 08:30am

BR Research

What does 2025 have in store for world cotton markets?

The weekend was full of surprises for the commodity markets. The US Department of Agriculture announced a flurry of...

Published 13 Jan, 2025 07:50am

Pakistan

Four terrorists killed in North Waziristan IBO: ISPR

Security forces killed four terrorists in an intelligence based operation in general area Spinwam, North Waziristan... Published 15 Jan, 2025 11:30am

2025-01-15-02-09

Govt crafting policy to tackle unemployment: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday said the government is actively working on a policy aimed at... Published 15 Jan, 2025 02:59am

2025-01-15-01-56

PFA discards over 2,000 kg of diseased chickens

LAHORE: The Punjab Food Authority (PFA) on Tuesday inspected 46,000 kilograms of chicken across 17 meat warehouses... Published 15 Jan, 2025 02:59am

2025-01-15-02-09

Pakistan-Iran border in Panjgur: New crossing point to help promote legal trade: PM

ISLAMABAD: Prime Minister Shehbaz Sharif while lauding security forces under the leadership of the Army Chief for... Published 15 Jan, 2025 02:59am

2025-01-15-02-09

Punjab Hindu marriage law approved by provincial cabinet

LAHORE: The Punjab cabinet, which met here Tuesday with Chief Minister Maryam Nawaz Sharif in the chair, approved ... Published 15 Jan, 2025 02:59am

2025-01-15-02-05

MoD lawyer tells SC: May 9 ‘conspirators’, ‘masterminds’ will be tried in military court

ISLAMABAD: The counsel of Ministry of Defence informed that the cases of “conspirators” and “masterminds” of... Published 15 Jan, 2025 02:59am

World

Asia

South Korean investigators arrest impeached President Yoon, ending weeks-long standoff

SEOUL: South Korean authorities arrested impeached President Yoon Suk Yeol on Wednesday over insurrection... Published 15 Jan, 2025 08:49am

USA

US SEC sues Elon Musk over late disclosure of Twitter stake

Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world’s richest... Published 15 Jan, 2025 08:11am

Europe

Russia says its forces capture two settlements in eastern Ukraine

MOSCOW: Russian troops pressing their slow advance through eastern Ukraine took control of two settlements in... Published 15 Jan, 2025 08:54am

Europe

UK anti-corruption minister resigns over ties to ousted Bangladesh PM

LONDON: The British minister responsible for financial services and fighting corruption resigned on Tuesday after... Published 14 Jan, 2025 11:15pm

South Asia

Iran never plotted to kill Donald Trump, Iranian president says

WASHINGTON: Iran never plotted to kill Republican U.S. President-elect Donald Trump, Iranian President Masoud... Published 15 Jan, 2025 08:44am

Editorials

Pension calculation formula

EDITORIAL: An office memorandum issued by the Finance Division noted a change in the calculation of emoluments for...

Preparing for tomorrow’s jobs

EDITORIAL: The World Economic Forum’s Future of Jobs report 2025, published last week, offers key insights into ...

Rise in home remittances

EDITORIAL: Remittances have soared by 33 percent to 17.845 billion dollars within the first half of the current...

Trouble in Khuzdar

EDITORIAL: The restive Khuzdar district of Balochistan continues to be wracked by tribal conflicts and militant...

A new protest control plan

EDITORIAL: The Punjab government is all set to raise a riot management force (RMP). Headed by a police officer not...

Opinion

90 seconds – from disasters to destinies

Andleeb Abbas

He drives me crazy. She makes me so mad. They rile me to hit back. His insolence makes my head go haywire. Her smirk...

Artificial Intelligence (AI) everywhere: remedy is to consolidate

Dr Yasir Ahmad

The world is rapidly evolving, and artificial intelligence (AI) is making its mark in nearly every aspect of our...

PARTLY FACETIOUS: Pakistani has been invited to the Trump inauguration?

Anjum Ibrahim

“I heard one Pakistani and one Pakistani alone has been invited to the Trump inauguration!” “Fake news.”...

Boosting cotton yields with early sowing

Sajid Mahmood

Preparations for early cotton sowing are currently under way in Punjab, focusing on optimizing production efficiency...

Frivolous litigation, judicial reform and FOSPAH

Bushra Andrabi

Reports of land mafias forcibly occupying rural properties is a phenomenon not unheard of in Pakistan. However, when...

Perspectives

Year in review: a look at some of the most important court rulings

Aisha Mahmood

The year 2024 saw significant judicial rulings and overturning of decisions in Pakistan. Here is a look at some of...

Revamping IPPs: lessons from international practices

Dr Ghulam Mohey-Ud-Din

Pakistan’s energy sector has long been a key contributor to the country’s economic growth and development, but it...

A blueprint for institutional reforms in Pakistan

Dr Ajaz Ali

Regardless of who rules Pakistan, the enduring issues of corruption, governmental inertia, and economic distress...

Life Style

Trump look-alike sings to sell pudding in Pakistan

SAHIWAL, Pakistan: In a bustling market in Pakistan’s eastern Punjab province, a food vendor who locals say bears an... Updated 14 Jan, 2025 03:43pm

Life & Style

WWII-era guide for UK spies to go on display

Published 14 Jan, 2025 04:04pm

Life & Style

Glitzy Oscars nominees’ lunch cancelled after LA wildfires

Published 14 Jan, 2025 04:10pm

Sports

Aryna Sabalenka in no mood to relax after Zheng’s early exit

MELBOURNE: Aryna Sabalenka said early exits by big names at the Australian Open would not make her title defence any... Published 15 Jan, 2025 11:37am

Sports