Home - Business Recorder

Published 28 Jan, 2025 06:45am

Gas market: private sector likely to help reduce circular debt

ISLAMABAD: The Special Investment Facilitation Council (SIFC) has facilitated the energy sector to allow private...

Non-availability of NJHP project: Consumers overpaid Rs167.787bn for costly power

Published 28 Jan, 2025 06:45am

Guidelines for PSDP approved

Published 28 Jan, 2025 06:45am

Aurangzeb informs PBC: Tax policy unit to be relocated to MoF

Published 28 Jan, 2025 06:45am

Undervaluation, misdeclaration: Over 93.7pc of property deals fall short of Rs5m: FBR

Published 28 Jan, 2025 06:45am

‘Country is poised to maintain growth momentum’

Updated 28 Jan, 2025 08:29am

Railways ministry says it will axe thousands of jobs

Published 28 Jan, 2025 06:45am

KE’s renewable energy project: Balochistan urges Centre to accord approval

Published 28 Jan, 2025 06:45am

Govt striving to achieve cuts in energy cost: PM

Published 28 Jan, 2025 06:45am

Non-protected domestic categories: Rs100/mmbtu hike balanced with gas utilities’ profits

Published 28 Jan, 2025 06:45am

Cotton growers, ginners: NA body seeks data on tax deductions

Published 28 Jan, 2025 06:45am

Must Read

Editorials

Diplomatic missions: financial malfeasance?

Opinion

Stabilisation versus growth

Life & Style

Content creators become focus, eligible for Dubai golden visa as city looks to attract 10,000 influencers

Opinion

A Mad Hatter’s tea party

Editorials

Debt burden

BR Research

KP Cess - A Threat to Export Growth

Opinion

Trump’s first week orders and Pakistan

Opinion

Will wage growth revival feed inflation?

Editorials

Genuine concerns

Opinion

KE: load-shedding challenge

Editorials

Drought-like situation

Recorder headlines

FBR chief stands firm on decision to purchase 1,010 cars for tax officers

Recorder headlines

MOMENT: Hamas releases four Israeli hostages under ceasefire deal

PM Shehbaz Sharif meets snooker champion Muhammad Asif in Islamabad

Budget 2024-25: income tax calculator for FY25

In line with expectations: SBP reduces key interest rate by 100bps, takes it to 12%

NJLI Sarmaya Growth Fund Rates

Empowering LGs: Govt decides to review PSDP

KSE-100 closes 1,360 points lower as investors opt for caution

PM orders PD to cut power tariffs by Rs7/unit

Telenor acquisition: CCP shares ‘conditions’ with PTCL

Pakistan squad for ICC Men’s Champions Trophy 2025 finalised

Telenor, Orion Towers: PTCL refutes CCP claim that it has failed to submit required info

Ghandhara Automobiles Limited

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 27	278.95
USD PKR Interbank Buying / Jan 27	278.80
USD to Japanese Yen / Jan 27	154.64
USD to Swiss Franc / Jan 27	0.90
Pound Sterling to USD / Jan 27	1.25
Euro to USD / Jan 27	1.05

Stock	Volume
S&P 500 / Jan 24	6,101.24
Nasdaq / Jan 24	19,954.30
Dow Jones / Jan 24	44,424.25
India Sensex / Jan 27	75,346.55
Tokyo Nikkei / Jan 27	39,565.80
Hang Seng / Jan 27	20,197.77
FTSE 100 / Jan 27	8,485.58
Germany DAX 30 / Jan 27	21,124.29

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 24	18,485
Gold 10 Grams PKR / Jan 24	248,285
Crude Oil USD/Barrel / Jan 27	74.82
Gold Spot USD/Ounce / Jan 27	2,763.59
Cotton US¢/pound / Jan 27	67.70
Petrol/Litre / Jan 28	256.13

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd (Pref) / Jan 27 Chenab Limited (Pref)(CLCPS)	3.93 ▲ 0.49 (14.24%)
Chenab Ltd / Jan 27 Chenab Limited(CHBL)	8.57 ▲ 1 (13.21%)
B. F. Mod. / Jan 27 B.F. Modaraba(BFMOD)	8.39 ▲ 0.89 (11.87%)
Sanghar Sugar / Jan 27 Sanghar Sugar Mills Limited(SANSM)	25.36 ▲ 2.31 (10.02%)
Leather Up Ltd. / Jan 27 Leather Up Limited(LEUL)	36.70 ▲ 3.34 (10.01%)

Stock	Price
LSE Financial Serv. / Jan 27 LSE Financial Services Limited(LSEFSL)	17.52 ▼ -1.95 (-10.02%)
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	39.53 ▼ -4.39 (-10%)
Hussain Industries / Jan 27 Husein Industries Limited(HUSI)	28.50 ▼ -3.14 (-9.92%)
Arctic Textile / Jan 27 Arctic Textile Mills Limited(ARCTM)	18.90 ▼ -2.08 (-9.91%)
Apna Microfin. / Jan 27 Apna Microfinance Bank Limited(AMBL)	10.09 ▼ -1.1 (-9.83%)

Stock	Volume
Cnergyico PK / Jan 27 Cnergyico PK Limited(CNERGY)	61,454,571 ▼ -0.13
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	57,677,562 ▼ -4.39
WorldCall Telecom / Jan 27 Worldcall Telecom Limited(WTL)	33,767,457 ▼ -0.06
The Searle Co. / Jan 27 The Searle Company Limited(SEARL)	26,713,969 ▼ -5.54
Pak Elektron / Jan 27 Pak Elektron Limited(PAEL)	22,757,545 ▲ 0.67

Markets →

Recorder headlines

FBR chief stands firm on decision to purchase 1,010 cars for tax officers

Recorder headlines

MOMENT: Hamas releases four Israeli hostages under ceasefire deal

PM Shehbaz Sharif meets snooker champion Muhammad Asif in Islamabad

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 27	278.95
USD PKR Interbank Buying / Jan 27	278.80
USD to Japanese Yen / Jan 27	154.64
USD to Swiss Franc / Jan 27	0.90
Pound Sterling to USD / Jan 27	1.25
Euro to USD / Jan 27	1.05

Stock	Volume
S&P 500 / Jan 24	6,101.24
Nasdaq / Jan 24	19,954.30
Dow Jones / Jan 24	44,424.25
India Sensex / Jan 27	75,346.55
Tokyo Nikkei / Jan 27	39,565.80
Hang Seng / Jan 27	20,197.77
FTSE 100 / Jan 27	8,485.58
Germany DAX 30 / Jan 27	21,124.29

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 24	18,485
Gold 10 Grams PKR / Jan 24	248,285
Crude Oil USD/Barrel / Jan 27	74.82
Gold Spot USD/Ounce / Jan 27	2,763.59
Cotton US¢/pound / Jan 27	67.70
Petrol/Litre / Jan 28	256.13

In line with expectations: SBP reduces key interest rate by 100bps, takes it to 12%

NJLI Sarmaya Growth Fund Rates

Empowering LGs: Govt decides to review PSDP

KSE-100 closes 1,360 points lower as investors opt for caution

PM orders PD to cut power tariffs by Rs7/unit

Telenor acquisition: CCP shares ‘conditions’ with PTCL

Pakistan squad for ICC Men’s Champions Trophy 2025 finalised

Telenor, Orion Towers: PTCL refutes CCP claim that it has failed to submit required info

Ghandhara Automobiles Limited

Business & Finance

2025-01-28-03-11

O/N repo, reverse repo rates revised

KARACHI: With reduction in the key policy rate, the State Bank of Pakistan (SBP) has also announced revised ... Published 28 Jan, 2025 06:45am

BR Research

Is SBP under pressure, or sandbagging expectations?

A monetary policy committee that took 14 months to double the policy rate between 2022 and 2023, has managed to cut...

Published 28 Jan, 2025 07:54am

2025-01-28-03-11

New banknotes to be released by year-end: SBP governor

KARACHI: Governor of the State Bank of Pakistan, Jameel Ahmed, announced that the new design currency notes are... Published 28 Jan, 2025 06:45am

2025-01-28-03-11

Policy rate cut by 100bps to 12pc on easing inflation

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to reduce the policy... Published 28 Jan, 2025 06:45am

BR Research

Power generation: Much left desired

Power generation numbers for December 2024 are out, and while there is the third consecutive month of year-on-year...

Published 28 Jan, 2025 07:54am

Interest Rates

100 basis points cut in policy rate: S M Tanveer shows disappointment

LAHORE: S M Tanveer, Patron-in-Chief of the United Business Group (UBG), has expressed disappointment over the State... Published 28 Jan, 2025 08:12am

2025-01-28-02-25

Southern Zone: APTMA terms decision to increase gas tariff for CPPs anti-textile exports

KARACHI: All Pakistan Textile Mills Association (APTMA), Southern Zone terms Economic Coordination Committee’s... Published 28 Jan, 2025 06:45am

2025-01-28-02-25

EV sector: experts demand developing needed infrastructure

ISLAMABAD: Automobile sector experts at a seminar have underlined the urgent need to develop electric vehicles... Updated 28 Jan, 2025 08:13am

2025-01-28-02-25

China’s BGI Group to invest in rice & corn cultivation

LAHORE: The Chinese company BGI Group has offered a pilot project for rice and corn cultivation in Punjab along with... Updated 28 Jan, 2025 08:13am

2025-01-28-02-25

Inter-port movement: FBR expands scope of cargo tracking

ISLAMABAD: The Federal Board of Revenue (FBR) has expanded the scope of tracking and monitoring of cargo through... Updated 28 Jan, 2025 08:13am

BR Research

Quice Food Industries Limited

Quice Food Industries Limited (PSX: QUICE) was incorporated in Pakistan as a private limited company in 1990. The...

Published 28 Jan, 2025 08:02am

BR Research

KP Cess - A Threat to Export Growth

At a time when Pakistan’s economy teeters on the edge, the export tax imposed by Khyber Pakhtunkhwa threatens to...

Published 27 Jan, 2025 07:57am

BR Research

Ghandhara Automobiles Limited

Ghandhara Auto-mobiles Limited (formerly known as Ghandhara Nissan Limited) was incorporated in Pakistan as a...

Published 27 Jan, 2025 07:51am

BR Research

HVA Textile exports: jubilation, but risk looming

A good year has come to an end for textile exports. The calendar year 2024 marked the highest ever (or near high)...

Published 24 Jan, 2025 08:06am

Pakistan

2025-01-28-03-11

IK, Bushra appeal against graft convictions

ISLAMABAD: Jailed former prime minister Imran Khan and his wife Bushra Bibi appealed against their convictions for... Published 28 Jan, 2025 06:45am

2025-01-28-03-11

Peca Bill: journalists, Opposition Senators stage walkout

ISLAMABAD: The protests from the opposition lawmakers and journalists against the controversial Prevention of... Published 28 Jan, 2025 06:45am

2025-01-28-03-11

Senate panel passes controversial bill, amending cybercrime laws

ISLAMABAD: The Senate Standing Committee on Interior on Monday passed a controversial amendment bill to the... Published 28 Jan, 2025 06:45am

2025-01-28-03-11

Senate panel clears bill: Objective to build a ‘digital nation’ picks up pace

ISLAMABAD: The Senate Standing Committee on Information Technology and Telecommunication on Monday approved... Published 28 Jan, 2025 06:45am

2025-01-28-03-11

‘Online blasphemy’: Court sentences 4 men to death

ISLAMABAD: A court has sentenced four men to death for posting blasphemous content online, a member of a group of... Published 28 Jan, 2025 06:45am

2025-01-28-03-11

PECA Amendment Bill: JAC decides to take part in PFUJ protest

KARACHI: The Joint Action Committee (JAC) has announced its participation in the protest by supporting the PFUJ’s... Published 28 Jan, 2025 06:45am

World

USA

Trump says Microsoft is in talks to acquire TikTok

U.S. President Donald Trump told reporters on Monday that Microsoft is in talks to acquire TikTok and that he would... Published 28 Jan, 2025 08:28am

USA

Trump emphasizes ‘fair’ trade, discusses defence buys and immigration with Modi

WASHINGTON: U.S. President Donald Trump stressed the importance of India buying more American-made security... Published 28 Jan, 2025 08:39am

Europe

EU ministers agree on roadmap to ease Syria sanctions

BRUSSELS: European Union foreign ministers have agreed on a roadmap to ease sanctions on Syria, the bloc’s foreign... Published 28 Jan, 2025 12:56am

Europe

EU to redeploy mission at Gaza border crossing

BRUSSELS: The European Union agreed Monday to restart a monitoring mission at the Rafah border crossing between Gaza... Published 27 Jan, 2025 10:56pm

South Asia

Afghans complain of rising food prices as currency loses value

KABUL: Residents of the Afghan capital have complained of rising food prices as the local currency lost value... Published 27 Jan, 2025 09:41pm

Editorials

Diplomatic missions: financial malfeasance?

EDITORIAL: The culture of extravagance, disregard for fundamental principles of financial probity, and failure to...

One-billion-dollar commercial loan

EDITORIAL: Federal Finance Minister Muhammad Aurangzeb, on the sidelines of the World Economic Forum held annually...

Debt burden

EDITORIAL: Prime Minister Shehbaz Sharif while performing the ground-breaking ceremony of the first Daanish School...

Overcrowded jails

EDITORIAL: The scale of the problem is huge. In its recently released report entitled “Pakistan’s Prison...

Genuine concerns

EDITORIAL: A minority community legislator, Mahesh Kumar Hasija, moved a call attention notice in Monday’s session...

Opinion

Stabilisation versus growth

Dr Hafiz A Pasha

The first six months of 2024-25 have revealed a mixed picture of the economy with some positive developments along...

A Mad Hatter’s tea party

Rashed Rahman

Trump 2.0 has come out swinging, enacting a flurry of executive orders along the lines of what he had promised ...

Developing unconventional natural gas resources

Engr Hussain Ahmad Siddiqui

With rising energy demands and dwindling conventional natural gas reserves, Pakistan faces a pressing energy ...

The missing piece: local governance and Pakistan’s NSP

Nayab Khalid

Think of a country that counts not only the number of tanks and missiles it has, but also the health of children who...

Trump’s fossil fuel push threatens Earth

Qamar Bashir

The US Senate Finance Committee, during the confirmation hearing of the Treasury Secretary, fell short of showering...

Perspectives

Trump and Big Tech: the US president has been taking notes

Mariam Ibrahimi

Earlier this month, U.S. President Donald Trump’s second inauguration into the Oval Office was highlighted by one...

Biden’s tenure: Trump-ed in the final hour

Faiza Virani

One more time, US President-elect Donald Trump has seemingly triumphed where President Joe Biden failed – securing a...

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...

Life Style

Content creators become focus, eligible for Dubai golden visa as city looks to attract 10,000 influencers

DUBAI: In an effort to attract 10,000 influencers to the city and position itself as a prime destination for digital... Published 28 Jan, 2025 06:45am

Life & Style