News stories for Bilal Memon - Business Recorder

Bilal Memon

Business & Finance

Supply-chain due diligence act: German official says opportunity exists for Pakistan to stand out

Florian Walther, Pakistan representative at the German Emirati Joint Council for Industry and Commerce, says act relevant for companies here as well

Updated 28 Oct, 2024 07:19am

Business & Finance

COLABS announces raising $2mn in pre-Series A funding

Pakistan’s workplace platform COLABS announced on Thursday that it has raised $2 million in a pre-Series A round led...

Published 24 Oct, 2024 09:00am

Technology

UAE visa rejections, hosting GITEX in Pakistan: ambassador Faisal Tirmizi breaks it down

DUBAI: Ambassador to the UAE Faisal Niaz Tirmizi did not mince words as he acknowledged the recent ‘visa situation’...

Updated 21 Oct, 2024 01:26pm

Technology

Pakistan’s Abhi secures $15mn in credit financing to expand financial inclusion in UAE

DUBAI: Pakistan’s fintech Abhi has secured $15 million in credit financing led by Shorooq Partners and Amplify...

Updated 16 Oct, 2024 06:56pm

Business & Finance

High tax rates, spiraling costs forcing Pakistan’s major companies to pursue the layoff route

KARACHI: High tax rates and spiraling costs have compelled major listed corporations in Pakistan to reduce headcount...

Updated 01 Oct, 2024 02:00pm

Pakistan

IMF executive board to discuss Pakistan programme on September 25: spokesperson

SBP governor says govt has arranged external financing commitments

Updated 12 Sep, 2024 10:53pm

Pakistan

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

Pakistan had earlier expected Executive Board approval on $7bn Extended Fund Facility in August

Updated 21 Aug, 2024 09:56pm

Opinion

Thank you and congratulations, Pakistan

What does it say about any person at the helm of Pakistan’s fiscal affairs when the Business Confidence Survey –...

Updated 16 Aug, 2024 10:57am

Business & Finance

Nearly 4,000 Pakistan companies join Dubai Chamber of Commerce in six months

This figure puts Pakistan second on list of new non-Emirati companies joining the Dubai body during January-June 2024

Updated 15 Aug, 2024 11:48am

Markets

Global rout: Pakistan’s local participation component is likely to help avert wider selloff

Fear of the US falling into recession after weak economic data last week triggered panic across global markets with...

Updated 05 Aug, 2024 10:49pm

Technology

IPO very much on the cards, says Jazz CEO Aamir Ibrahim

KARACHI: Jazz CEO Aamir Ibrahim has said going public is “very much on the cards” with further clarity emerging in...

Updated 02 Aug, 2024 04:53pm

Despite Rs2.5tr expected surplus profit from SBP: ‘Fiscal space’ continues to elude Pakistan

KARACHI: Despite the government estimating a surplus profit from the State Bank of Pakistan (SBP) at a record Rs2.5...

Updated 25 Jul, 2024 11:38pm

Business & Finance

Electric motorcycles: Zyp Technologies announces $1.5mn Series Pre-A funding

Zyp Technologies, which operates in the energy and electric motorcycle assembly space, announced on Tuesday that it...

Updated 23 Jul, 2024 02:18pm

Business & Finance

PIA privatisation: final bidding delayed till October 1

KARACHI: The privatisation process of state-owned Pakistan International Airlines (PIA) has been delayed as majority...

Updated 23 Jul, 2024 09:16am

Markets

PSX chief Farrukh H. Khan set to join Jazz as CFO

Farrukh H Khan, who resigned from his positions of CEO and Managing Director of Pakistan Stock Exchange (PSX), is...

Updated 08 Jul, 2024 06:26pm

Business & Finance

Fear comes alive: all salaried persons earning over Rs50k a month to bear higher taxation in FY25

Govt maintains number of tax slabs at 6 and exemption till Rs50,000, but increases tax liability for all other salary earners

Updated 12 Jun, 2024 10:15pm

Business & Finance

Capacity utilisation of Pakistan’s cement industry drops to lowest on record

At around 55%, this is the lowest level since at least FY2007

Updated 11 Jun, 2024 11:53pm

Perspectives

Pakistan’s salaried group is rightly anxious ahead of the budget

Having contributed nearly Rs330 billion in 11 months of outgoing fiscal year, reports suggest there is even higher taxation on the cards

Published 11 Jun, 2024 04:59pm

Pakistan

IMF, Pakistan make ‘significant progress’ towards staff-level agreement, lender says

Pakistan's reform programme also broadly outlined in statement

Updated 24 May, 2024 03:04pm

Pakistan

‘Not an experiment’: At 59, Miftah Ismail is hoping for a sweet transition with political party launch

KARACHI: At 59, Dr Miftah Ismail can lead a sweet life. A little over 31% share in a company valued by stock market...

Updated 20 May, 2024 11:14am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
FTSE 100 / Jan 20	8,520.54
Germany DAX 30 / Jan 20	20,990.31
France CAC40 / Jan 20	7,733.50
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.60 ▲ 0.40 (12.50%)
F.Credit & Inv / Jan 21 First Credit and Investment Bank Limited(FCIBL)	8.34 ▲ 0.88 (11.80%)
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	22.51 ▼ -2.48 (-9.92%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	225.25 ▼ -19.75 (-8.06%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.78 ▼ -1.46 (-8.00%)
Kohat Textile / Jan 21 Kohat Textile Mills Limited(KOHTM)	32.32 ▼ -2.58 (-7.39%)
Parmount Sp. / Jan 21 Paramount Spinning Mills Limited(PASM)	4.30 ▼ -0.31 (-6.72%)
Asia Ins. / Jan 21 Asia Insurance Company Limited(ASIC)	12.61 ▼ -0.90 (-6.66%)
Suhail Jute / Jan 21 Suhail Jute Mills Limited(SUHJ)	106 ▼ -7.47 (-6.58%)
Shadab Textile / Jan 21 Shadab Textile Mills Limited(SHDT)	21.11 ▼ -1.46 (-6.47%)

Stock	Volume
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	61,974,628 ▲ 0.17
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.43
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	56,891,848 ▼ -0.05
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	42,322,894 ▲ 1.33
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	36,034,281 ▲ 0.15
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.23
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -2.13
Hub Power Co. / Jan 21 The Hub Power Company Limited(HUBC)	21,405,956 ▼ -3.43
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	19,827,701 ▲ 1.19

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular