Home - Business Recorder

Updated 43 minutes ago

IMF Executive Board to discuss Pakistan programme on May 9

Last month, IMF staff reached deal with Pakistan for new $1.3 billion arrangement and also agreed on first review of ongoing $7 billion bailout programme

Pakistan’s real growth forecast stays unchanged: State Bank

Updated about 2 hours ago

Markets

Intra-day update: Pakistan rupee posts marginal gain against US dollar

Published about an hour ago

World

Carney’s Liberals win Canada election, unclear if they have majority, CTV and CBC say

Published about 3 hours ago

Pakistan

First Hajj flight with 442 pilgrims departs from Islamabad

Published 20 minutes ago

World

India shuts over half of Occupied Kashmir tourist spots in security review

Published 25 minutes ago

SBP sees FY25 inflation of 5.5–7.5pc, real GDP growth of 2.5-3.5pc

Updated about 3 hours ago

Pakistan: World Bank likely to extend CD for CASA-1000

Updated about 3 hours ago

Reciprocal trade situation with US: NA body urges MoC, Pakistan Embassy to continue efforts

Updated about 2 hours ago

Tax laws bill may be part of FY26 Finance Bill: Non-filers to face curbs on economic deals

Updated about 2 hours ago

Next two to three days are crucial: Asif

Updated about 2 hours ago

Must Read

Editorials

Taking stock of economic situation

BR Research

The silent dollar squeeze

Opinion

State of the economy

Markets

SBP likely to cut key policy rate by 50bps to 11.5%, brokerage house says

Pakistan

Pakistan’s solar revolution leaves its middle class behind

Editorials

Coming to grips with increased US tariffs

BR Research

Wait is over

Opinion

Pakistan and rating agencies

Pakistan

India bans 16 Pakistani YouTube channels after Pahalgam attack

Startup Recorder

Pakistanis make waves at Dubai AI Week 2025

BR Research

HBL – profits grow despite challenges

Pakistan open to ‘neutral, transparent’ probe into Pahalgam attack: PM Shehbaz

Budget 2024-25: income tax calculator for FY25

Kohala Hydropower Project: Chinese co urges Pakistan govt to extend LoS

Pakistan Navy repels Indian aircraft carrier deployed in Arabian Sea

Diplomatic setback for India at UNSC as Pakistan, China block pro-India statement on Pahalgam attack

NJLI Sarmaya Growth Fund Rates

Rupee-dollar parity: Procuring dollars from market not a sustainable policy: Pasha

Pakistan stocks retreat after positive start, KSE-100 Index closes over 1,400 points lower

Revenue requirements of SSGC: Decision delayed by Ogra creates controversy

Exporters sound the alarm over highways closures in Sindh

Pakistan pharma sector deploys AI, other advanced technologies in drug development

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 29	281.08
USD PKR Interbank Buying / Apr 29	280.83
USD to Japanese Yen / Apr 29	142.40
USD to Swiss Franc / Apr 29	0.82
Pound Sterling to USD / Apr 29	1.34
Euro to USD / Apr 29	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 28	5,528.75
Tokyo Nikkei / Apr 28	35,839.99
Nasdaq / Apr 28	17,366.13
FTSE 100 / Apr 28	8,417.34
Dow Jones / Apr 28	40,227.59
Germany DAX 30 / Apr 28	22,271.67
France CAC40 / Apr 28	7,573.76
India Sensex / Apr 29	80,307.05
Hang Seng / Apr 29	21,960.83

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 28	16,985
Gold 10 Grams PKR / Apr 28	297,582
Petrol/Litre / Apr 29	254.63
Crude Oil USD/Barrel / Apr 29	61.34
Gold Spot USD/Ounce / Apr 29	3,315.07
Diesel/Litre / Apr 29	258.64
Cotton US¢/pound / Apr 29	67.50

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Apr 29 Apna Microfinance Bank Limited(AMBL)	10.30 ▲ 0.98 (10.52%)
Sunrays Textile / Apr 29 Sunrays Textile Mills Limited(SUTM)	189.22 ▲ 17.2 (10%)
Jubilee Spinning / Apr 29 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	11.55 ▲ 1.05 (10%)
S.S.Oil / Apr 29 S.S.Oil Mills Limited(SSOM)	432.04 ▲ 39.28 (10%)
Shahtaj Sugar / Apr 29 Shahtaj Sugar Mills Limited(SHJS)	137.50 ▲ 12.5 (10%)

Stock	Price
First Capital Equities / Apr 29 First Capital Equities Limited(FCEL)	3.92 ▼ -1 (-20.33%)
Tariq Corp.Pref. / Apr 29 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.88 ▼ -1 (-12.69%)
First Fid. Leasing / Apr 29 First Fidelity Leasing Modaraba(FFLM)	1.86 ▼ -0.24 (-11.43%)
National Silk / Apr 29 The National Silk & Rayon Mills Limited(NSRM)	38.65 ▼ -4.27 (-9.95%)
Tandlianwala Sugar / Apr 29 Tandlianwala Sugar Mills Limited(TSML)	81.06 ▼ -8.94 (-9.93%)

Stock	Volume
WorldCall Telecom / Apr 29 Worldcall Telecom Limited(WTL)	12,180,798 ▼ -0.01
At-Tahur Ltd. / Apr 29 At-Tahur Limited(PREMA)	7,824,533 ▼ -5.52
Sui North Gas / Apr 29 Sui Northern Gas Pipelines Limited(SNGP)	6,904,679 ▲ 4.77
B.O.Punjab / Apr 29 The Bank of Punjab(BOP)	5,985,948 ▼ -0.05
Maple Leaf Cement / Apr 29 Maple Leaf Cement Factory Limited(MLCF)	5,928,132 ▲ 1.83

Markets →

Pakistan open to ‘neutral, transparent’ probe into Pahalgam attack: PM Shehbaz

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 29	281.08
USD PKR Interbank Buying / Apr 29	280.83
USD to Japanese Yen / Apr 29	142.40
USD to Swiss Franc / Apr 29	0.82
Pound Sterling to USD / Apr 29	1.34
Euro to USD / Apr 29	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 28	5,528.75
Tokyo Nikkei / Apr 28	35,839.99
Nasdaq / Apr 28	17,366.13
FTSE 100 / Apr 28	8,417.34
Dow Jones / Apr 28	40,227.59
Germany DAX 30 / Apr 28	22,271.67
France CAC40 / Apr 28	7,573.76
India Sensex / Apr 29	80,307.05
Hang Seng / Apr 29	21,960.83

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 28	16,985
Gold 10 Grams PKR / Apr 28	297,582
Petrol/Litre / Apr 29	254.63
Crude Oil USD/Barrel / Apr 29	61.34
Gold Spot USD/Ounce / Apr 29	3,315.07
Diesel/Litre / Apr 29	258.64
Cotton US¢/pound / Apr 29	67.50

Kohala Hydropower Project: Chinese co urges Pakistan govt to extend LoS

Pakistan Navy repels Indian aircraft carrier deployed in Arabian Sea

Diplomatic setback for India at UNSC as Pakistan, China block pro-India statement on Pahalgam attack

NJLI Sarmaya Growth Fund Rates

Rupee-dollar parity: Procuring dollars from market not a sustainable policy: Pasha

Pakistan stocks retreat after positive start, KSE-100 Index closes over 1,400 points lower

Revenue requirements of SSGC: Decision delayed by Ogra creates controversy

Exporters sound the alarm over highways closures in Sindh

Pakistan pharma sector deploys AI, other advanced technologies in drug development

Business & Finance

Currency

Intra-day update: Pakistan rupee posts marginal gain against US dollar

The Pakistani rupee posted marginal gain against the US dollar, appreciating by 0.08% during intra-day trading in... Published about an hour ago

BR Research

The silent dollar squeeze

The current account is in surplus, with no delays in import L/Cs and profit/dividend repatriation payments. Yet, the...

Published about 8 hours ago

Business & Economy

IMF Executive Board to discuss Pakistan programme on May 9

Last month, IMF staff reached deal with Pakistan for new $1.3 billion arrangement and also agreed on first review of ongoing $7 billion bailout programme

Updated 43 minutes ago

2025-04-29-01-30

Scope of digital wallets to be expanded: PM

ISLAMABAD: In a bold move to streamline digital payments across the country, Prime Minister Shehbaz Sharif announced... Published about 8 hours ago

BR Research

Highnoon Laboratories Limited

Highnoon Laboratories Limited (PSX: HINOON) was incorporated in Pakistan as a private limited company in 1984 and ...

Published about 8 hours ago

2025-04-29-12-53

SNGPL declares highest-ever profit and dividend for FY 2023–24

LAHORE: The Board of Directors of Sui Northern Gas Pipelines Limited (SNGPL), in its meeting held on Saturday, April... Published about 8 hours ago

Companies

Indus Motor profit after tax jumps 75% in 9 months of FY25

Indus Motor Company (IMC) posted a profit-after-tax (PAT) of Rs16.55 billion in the first nine months of the... Published about 13 hours ago

Money & Banking

SBP likely to cut key policy rate by 50bps to 11.5%, brokerage house says

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) was expected to cut the key policy rate by... Published about 14 hours ago

Business & Economy

Pakistan’s sovereign dollar bonds slide as tensions with India rise

LONDON: Pakistan’s sovereign dollar bonds slid more than 3 cents on Monday, Tradeweb data showed, as the country’s... Published about 14 hours ago

Forex

Asian stocks, FX climb as dollar struggles

Emerging Asian currencies rose on Tuesday, with the Malaysian ringgit and Taiwan dollar climbing to near six-month... Published 5 minutes ago

BR Research

HBL – profits grow despite challenges

HBL, Pakistan’s largest commercial bank, posted another record quarterly pretax profit at Rs16.6 billion for ...

Updated a day ago

BR Research

Pakistan Refinery Limited struggles under heavy losses

Pakistan Refinery Limited (PSX: PRL) entered FY25 on unstable footing. The company struggled with shrinking gross...

Updated about 4 hours ago

BR Research

Wait is over

It has taken 41 months for net automobile loans to circle back to the level they used to be. That’s nearly three...

Updated a day ago

BR Research

Hoechst Pakistan Limited

Hoechst Pakistan Limited (PSX: HPL) (formerly known as Sanofi-aventis Pakistan Limited) was incorporated in Pakistan...

Updated a day ago

Pakistan

Pakistan’s solar revolution leaves its middle class behind

KARACHI: Amid the forty-degree heat that paralysed the coastal city of Karachi in April, Saad Saleem blasted his... Published 11 minutes ago

First Hajj flight with 442 pilgrims departs from Islamabad

First flight from Quetta, PK-7201, also departed at 10:AM carrying 170 pilgrims

Published 20 minutes ago

2025-04-29-01-31

Pakistan security forces kill 17 terrorists near Afghan border

ISLAMABAD: Security forces eliminated 17 more terrorists during a sanitisation operation conducted in the Hassan ... Updated about 4 hours ago

2025-04-29-01-31

IIOJK CM calls for caution in Indian response

OCCUPIED SRINAGAR: India should not do anything to alienate Kashmiris in its hunt for militants who killed 26 people... Published about 8 hours ago

2025-04-29-01-07

Six-canal project officially dead in the water: Sindh CM

ISLAMABAD: The Chief Minister Sindh Syed Murad Ali Shah came out swinging on Monday, declaring victory in a bitter... Published about 8 hours ago

2025-04-29-12-53

CM Punjab directs prioritisation of road projects

LAHORE: “Prioritise road projects keeping in mind needs and usage of the people,” Chief Minister Punjab Maryam... Updated about 4 hours ago

World

USA

Carney’s Liberals win Canada election, unclear if they have majority, CTV and CBC say

OTTAWA: Canadian Prime Minister Mark Carney’s Liberals retained power in the country’s election on Monday, but it is... Published about 3 hours ago

Europe

Zelenskiyy praises killing of top Russian military figures

President Volodymyr Zelenskiyy praised Ukraine’s foreign intelligence service on Monday for the killing of top... Published about 3 hours ago

Europe

Prince William and wife Kate return to Scotland for wedding anniversary

LONDON: Britain’s Prince William and his wife Kate will head to a picturesque, rural Scottish island on Tuesday... Published about 4 hours ago

Europe

Power begins to return after huge outage hits Spain and Portugal

MADRID/LISBON: Power started returning to parts of the Iberian peninsula late on Monday after a huge outage brought... Published about 4 hours ago

South Asia

India shuts over half of Occupied Kashmir tourist spots in security review

SRINAGAR: More than half of the tourist destinations in Indian the Illegally Occupied Jammu and Kashmir (IIOJK) have... Published 25 minutes ago

Editorials

Taking stock of economic situation

EDITORIAL: A well-respected former Finance Minister and academician Dr Hafeez Pasha stated on AAJ Television that ...

Moment of extreme danger

EDITORIAL: It’s one of those things that would be comical if it weren’t so tragic. As the world watches the...

Coming to grips with increased US tariffs

EDITORIAL: It appears that the authorities in Pakistan are taking the threat of US tariffs on our trade rather...

Why not fix it?

EDITORIAL: It’s rare for a sitting minister to publicly acknowledge the scale of corruption within a state...

WHO pandemic treaty

EDITORIAL: The recent landmark agreement reached by member states of the World Health Organisation (WHO) represents...

Opinion

State of the economy

Dr Hafiz A Pasha

The previous week’s article had focused on the growth performance of the economy from July 2024 to March 2025. An...

Wheat sector reforms in Pakistan: Punjab’s Electronic Warehouse Receipts regime to the rescue

Kazim Saeed

Wheat farmers are in grave difficulty. Right before harvest, the price of wheat fell more than it did last year. So...

India’s march to folly

Fahd Husain

Somewhere somehow something went terribly wrong with India. As it snarls and growls at Pakistan, and as its ...

Agri income tax: really, are we serious?—I

Syed Shabbar Zaidi

One of the main conditions of the IMF programme was introduction of proper income tax laws for agriculture income....

PARTLY FACETIOUS: ‘We can no longer suffer accountants gladly’

Anjum Ibrahim

“Just wondering about war strategies.” “Yes, daily exchange of fire across our borders with India after the...

Perspectives

The perils of Harvard-gate

Faiza Virani

Why resistance not appeasement must guide higher education

The one-share marketable lot

Raeda Latif

Recently, Pakistan Stock Exchange (PSX) introduced the one-share marketable lot for companies listed on the Stock...

Climate financing Pakistan’s survival

Aania Alam

Pakistan is the proverbial canary in the coal mine as the world descends into global climate crisis. It has recently...

Life Style

India bans 16 Pakistani YouTube channels after Pahalgam attack

Banned platforms include YouTube channels of news outlets Dawn, Samaa TV, ARY News , Bol News , Raftar , Geo News, and Suno News

Published about 21 hours ago

Life & Style

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