Home - Business Recorder

Updated 22 Aug, 2024 09:42am

Sectors declared as industry: ECC seeks report on status of concessions

Instructions issued during recent meeting of the ECC

Talks with IMF moving in right direction: Aurangzeb

Updated 22 Aug, 2024 08:52am

Tax on subsidy: ECC accuses FBR of ‘overreaching’

Updated 22 Aug, 2024 08:54am

PIA, Discos, Roosevelt Hotel: PC Board gives approval to appointment of FAs

Updated 22 Aug, 2024 08:54am

Mujeeb met his fate: PM

Updated 22 Aug, 2024 08:50am

Markets

Pakistan’s ‘zombie power sector sucking the blood out of healthy firms’: Atif Mian

Published 22 Aug, 2024 10:36am

Authorities issuing conflicting messages: WISPAP

Updated 22 Aug, 2024 10:20am

Tiered pricing system: Gas tariff hike spared 66pc of consumers: Musadik

Updated 22 Aug, 2024 09:33am

Rs151bn ‘irregular’ payment to KAPCO: CPPA-G seeks audit para settlement

Updated 22 Aug, 2024 09:36am

Lahore refund scam: Probe over, errant taxmen will be punished: FBR

Updated 22 Aug, 2024 09:35am

No supply to Sindh: Thar coal power supplied to national grid, Faisalabad: CM

Updated 22 Aug, 2024 09:50am

Must Read

Editorials

The power sector

Opinion

Poverty trap – ‘terrible thing’ or ...?

BR Research

Power: Stagnant generation

Opinion

The govt-owned IPPs

Editorials

Significant decline in C/A deficit

Opinion

Bangladesh — more of the same change?

Perspectives

Despite deepening polarisation, Pakistani students still flocking to the west

BR Research

Is a return of textile export firms to stock market in the offing?

Editorials

Punjab power politics

Opinion

Findings of 2023 population census

BR Research

Current account FY25: weak exports pose threat

Budget 2024-25: income tax calculator for FY25

Punjab CM Maryam Nawaz launches new interest-free housing scheme

NJLI Sarmaya Growth Fund Rates

70pc serviced population in Pakistan does not pay power bills: ADB

Last two years worse in Pakistan’s economic history: Atif Mian

Making good progress with IMF to secure Board approval during September, says Aurangzeb

Tariff differential: KE could be allowed to claim mark-up at KIBOR+3.5pc if…

Gas tariff to stay unchanged for 3 months: Musadik

Is a return of textile export firms to stock market in the offing?

Privatisation of Discos: key decisions made

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 21	278.62
USD PKR Interbank Buying / Aug 21	278.42
USD to Japanese Yen / Aug 21	145.26
USD to Swiss Franc / Aug 21	0.85
Pound Sterling to USD / Aug 21	1.31
Euro to USD / Aug 21	1.11

Stock	Volume
S&P 500 / Aug 21	5,620.85
India Sensex / Aug 21	80,905.30
Tokyo Nikkei / Aug 21	38,057.43
Nasdaq / Aug 21	17,918.99
Hang Seng / Aug 21	17,449.99
FTSE 100 / Aug 21	8,283.43
Dow Jones / Aug 21	40,890.49
Germany DAX 30 / Aug 21	18,448.95

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 20	18,035
Gold 10 Grams PKR / Aug 20	223,508
Crude Oil USD/Barrel / Aug 21	74.04
Gold Spot USD/Ounce / Aug 21	2,501.81
Cotton US¢/pound / Aug 21	70.18
Petrol/Litre / Aug 22	260.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Aug 22 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Aug 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Aug 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Aug 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Aug 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Aug 22 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Aug 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Aug 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Aug 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Aug 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Aug 22 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Aug 22 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Aug 22 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Aug 22 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Aug 22 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 21	278.62
USD PKR Interbank Buying / Aug 21	278.42
USD to Japanese Yen / Aug 21	145.26
USD to Swiss Franc / Aug 21	0.85
Pound Sterling to USD / Aug 21	1.31
Euro to USD / Aug 21	1.11

Stock	Volume
S&P 500 / Aug 21	5,620.85
India Sensex / Aug 21	80,905.30
Tokyo Nikkei / Aug 21	38,057.43
Nasdaq / Aug 21	17,918.99
Hang Seng / Aug 21	17,449.99
FTSE 100 / Aug 21	8,283.43
Dow Jones / Aug 21	40,890.49
Germany DAX 30 / Aug 21	18,448.95

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 20	18,035
Gold 10 Grams PKR / Aug 20	223,508
Crude Oil USD/Barrel / Aug 21	74.04
Gold Spot USD/Ounce / Aug 21	2,501.81
Cotton US¢/pound / Aug 21	70.18
Petrol/Litre / Aug 22	260.96

Punjab CM Maryam Nawaz launches new interest-free housing scheme

NJLI Sarmaya Growth Fund Rates

70pc serviced population in Pakistan does not pay power bills: ADB

Last two years worse in Pakistan’s economic history: Atif Mian

Making good progress with IMF to secure Board approval during September, says Aurangzeb

Tariff differential: KE could be allowed to claim mark-up at KIBOR+3.5pc if…

Gas tariff to stay unchanged for 3 months: Musadik

Is a return of textile export firms to stock market in the offing?

Privatisation of Discos: key decisions made

Business & Finance

Energy

Pakistan’s ‘zombie power sector sucking the blood out of healthy firms’: Atif Mian

Noted economist says govt refusing to recognise the sector is bankrupt

Published 22 Aug, 2024 10:36am

BR Research

Power: Stagnant generation

Power generation in July 2024 at 14.4 billion units stayed virtually unchanged from the same period last year. To...

Published 22 Aug, 2024 08:08am

2024-08-22-03-38

Auction for T-bills: Rs397bn raised against Rs150bn target

KARACHI: The State Bank of Pakistan (SBP) conducted the auction for T-bills on Wednesday and raised Rs 397 billion... Published 22 Aug, 2024 06:58am

2024-08-22-03-39

Oct and Nov bills: KE allowed Rs5.76/unit positive adjustment

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has allowed positive adjustment of Rs 5.7622 per... Updated 22 Aug, 2024 08:56am

BR Research

Pakistan’s FDI dilemma

Foreign Direct Investment (FDI) is often considered a crucial indicator of a nation’s economic health, reflecting...

Published 22 Aug, 2024 08:00am

Companies

CCP engages key stakeholders in proposed PTCL-Telenor merger

ISLAMABAD: The Competition Commission of Pakistan (CCP) is currently conducting an in-depth Phase II Merger analysis... Published 22 Aug, 2024 06:58am

2024-08-22-01-23

Jam, German minister discuss avenues to bolster trade ties

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan met with Germany’s Federal Minister for Economic... Published 22 Aug, 2024 07:44am

Industry

Key visit to Beijing: Sesame exporters forge strong ties with Chinese partners

KARACHI: A delegation of 23 sesame exporters from Pakistan recently concluded a successful visit to Beijing and... Published 22 Aug, 2024 06:58am

Industry

Climate change: OICCI highlights private sector’s role

KARACHI: Despite contributing only 0.9 per cent to global greenhouse gas emissions, Pakistan faces severe climate... Published 22 Aug, 2024 07:36am

Taxes

Langrial says retrieved data cleansing a must to identify potential taxpayers

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial Wednesday said that cleansing of ... Updated 22 Aug, 2024 07:46am

BR Research

Dynea Pakistan Limited

Dynea Pakistan Limited (PSX: DYNO) was incorporated in Pakistan as a public limited company in 1982. The principal...

Published 22 Aug, 2024 07:47am

BR Research

Is a return of textile export firms to stock market in the offing?

In the five years since it went public, Interloop Limited (PSX: ILP) has increased its export revenue as well as...

Published 21 Aug, 2024 07:42am

BR Research

Shadab Textile Mills Limited

Shadab Textile Mills Limited (PSX: SHDT) was incorporated in Pakistan as a public limited company in 1979. The...

Published 21 Aug, 2024 07:38am

BR Research

Current account FY25: weak exports pose threat

The near-zero current account balance is expected to continue, as a deficit of $162 million was posted on July 24....

Published 20 Aug, 2024 06:50am

Pakistan

2024-08-22-03-38

State needs to protect people from ‘social media ills’: COAS

ISLAMABAD: Chief of Army Staff General Syed Asim Munir on Wednesday expressed concern over the impact of social... Published 22 Aug, 2024 06:58am

2024-08-22-03-39

Internet disruption: Govt says it’s due to submarine cable fault

ISLAMABAD: Amid admission of upgrading National Firewall System (NFS) in the country to monitor social media,... Published 22 Aug, 2024 06:58am

2024-08-22-03-38

IK demands open court trial of Gen Faiz

ISLAMABAD: The incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan on Wednesday demanded an ... Published 22 Aug, 2024 06:58am

2024-08-22-03-38

Smuggling: Confiscate vehicles, orders PM

ISLAMABAD: Prime Minister Shehbaz Sharif has directed for confiscation of vehicles used in smuggling besides taking... Published 22 Aug, 2024 06:58am

2024-08-22-03-38

IK meddles in military affairs: govt

ISLAMABAD: Federal Minister for Information Attaullah Tarar on Wednesday stated that the Pakistan Tehreek-e-Insaf... Published 22 Aug, 2024 06:58am

2024-08-22-01-51

Anti-Muslim immigrant riots in UK: Suspect handed over to FIA for spreading disinformation

LAHORE: A city magistrate on Wednesday allowed the Federal Investigation Agency (FIA) one-day physical custody of a... Published 22 Aug, 2024 06:58am

World

USA

Candidate Tim Walz, Democratic stalwarts whip up Chicago convention

CHICAGO: Vice presidential candidate Tim Walz took the stage on Wednesday night, joined by a litany of Democratic... Published 22 Aug, 2024 10:33am

2024-08-22-03-39

China opens anti-subsidy probe into EU dairy imports

BEIJING: China opened an anti-subsidy probe into imported dairy products from the European Union on Wednesday,... Published 22 Aug, 2024 06:58am

Europe

Russia to retaliate on Latvia’s residence permit move, official tells RIA

Russia will take steps to respond after Latvia made it harder for Russian citizens to extend residence permits,... Published 22 Aug, 2024 10:36am

Europe

Russia-China partnership ‘yielding results’, Putin says

MOSCOW: President Vladimir Putin said Wednesday that Russia’s economic and trade links with China are “yielding... Published 21 Aug, 2024 09:14pm

South Asia

Taliban bars UN human rights special rapporteur from Afghanistan

KABUL: The Taliban have barred United Nations-appointed special rapporteur Richard Bennett from entering ... Published 22 Aug, 2024 06:58am

Editorials

The power sector

EDITORIAL: The Privatisation Commission held a meeting under the chairmanship of Federal Ministers for Privatisation...

Don’t abandon Afghanistan

EDITORIAL: The three years, since the Afghan Taliban seized Kabul, have seen Afghanistan’s descent into deep...

Significant decline in C/A deficit

EDITORIAL: The current account (C/A) deficit fell sharply from 319 million dollars in the first quarter...

Sexual violence against women

EDITORIAL: More than a week after the brutal rape and murder of a 31-year-old trainee doctor at a government-run...

Punjab power politics

EDITORIAL: The Punjab government’s decision to reduce electricity bills by 14 rupees per unit for those consuming...

Opinion

Poverty trap – ‘terrible thing’ or ...?

Shahab Jafry

You don’t have to be a finance professor at Princeton to understand that Pakistan is indeed “stuck in a poverty...

Jinnah’s Pakistan is back?

Dr Farid A Malik

With the fall of Hasina Wazed, the Prime Minister (PM), Bangladesh has started to move outside the Indian Halo....

For Palestine it is the beginning of always

Dr Saulat Nagi

Standing beside the cadaver of Julius Caesar, Marc Anthony says, O, pardon me, thou bleeding piece of earth, That I...

The govt-owned IPPs

S M Tanveer

The country’s installed power generation capacity stands at 45,885 megawatts, with a notable divide between public...

PARTLY FACETIOUS: The three principles of the French Revolution

Anjum Ibrahim

“I was listening to the Democratic Party Convention and as Doug Emhoff, the husband of Kamala Harris, came on the...

Perspectives

Despite deepening polarisation, Pakistani students still flocking to the west

Tamara Almoayed

Hamza Khan moved to the US from Lahore three years ago to pursue higher education at Arizona State University, a...

You should have seen it coming: solar surge in Karachi amid escalating energy costs

Ali Ahmed

In Karachi, Pakistan’s largest metropolis, residents are increasingly turning to solar as a solution to soaring...

China’s Olympics rise redefines global competition with US

Umair Jamal

China's strong response to doping allegations reflects the behavior of a major power that desires to protect its reputation and soft image abroad vis-a-vis its geopolitical competitors

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