News stories for Bilal Memon - Business Recorder

Bilal Memon

Pakistan

PIA privatisation: deadline for EoI submission not expected to be extended further

The deadline for companies to express their interest in buying national carrier Pakistan International Airlines...

Updated 16 May, 2024 10:43pm

Markets

‘Cost-side reforms’: IMF says Pakistan needs to revisit terms of power purchase agreements

Remarks come in staff report for the second and final review under $3-billion Stand-By Arrangement

Updated 11 May, 2024 08:08pm

Markets

Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?

Regulator, which issued a press release last week detailing its account of the complaint, had not named the entity or the individuals involved

Published 23 Apr, 2024 06:00am

Pakistan

IMF ready for formulation of 'new medium-term programme', responds to PTI's letter

Says it encourages fair and peaceful resolution of all electoral disputes

Updated 08 Mar, 2024 11:27pm

Pakistan

Economic policy over next several months crucial for Pakistan: US Ambassador

KARACHI: US Ambassador to Pakistan Donald Blome has said economic policy developed over the next several months...

Updated 05 Mar, 2024 04:32pm

Markets

IMF not onboard with energy ministry’s tariff rationalisation, circular debt management plans

Mission Chief Nathan Porter says circular debt ‘reduction plan’ entails fiscal risks given chain of transactions involved and would also continue use of supplementary grants

Updated 13 Feb, 2024 10:33pm

Pakistan

General Elections 2024: polling ends as Pakistan marred by ‘disconnect’

Pakistan voted in the country’s 12th General Elections under a bar on communication with mobile internet services...

Updated 08 Feb, 2024 05:31pm

Perspectives

Pakistan didn’t default, but its citizens certainly did

Floods came and destroyed our homes — there was little we could do, we were told. We managed to endure, and tried to...

Published 07 Feb, 2024 05:28pm

Cabinet to discuss FBR revamp plan today

KARACHI: In the cabinet meeting to be held Tuesday (Jan 23), proposals that envisage restructuring and reforms of...

Updated 23 Jan, 2024 09:09am

Markets

‘Let’s go back to the 1960s laws’: Mian Mansha advocates smaller govts, efficient decision-making

KARACHI: For the first few minutes of his talk at the IPO Summit 2024, Mian Muhammad Mansha sounded like a...

Published 21 Jan, 2024 03:10am

Business & Finance

At a premium: PSX body determines ‘minimum buyback price’ of Rs609 for Pak Suzuki Motor Company

KARACHI: The Voluntary Delisting Committee (VDC) of the Pakistan Stock Exchange (PSX) has determined the ‘minimum...

Updated 16 Jan, 2024 08:07am

Business & Finance

Too big to ignore: this partner at Dubai-based VC firm has a ‘long-term view’ on markets like Pakistan

Sacha Haider, who sees 5-10 pitchdecks a week from different markets, believes UAE and Dubai’s B2G model is perfectly viable for Pakistan as well

Updated 30 Nov, 2023 10:28am

Markets

Pakistan’s KSE-100 has seen a record year, but how far can the bull run?

Experts say upside still available, but dependent on several factors

Updated 23 Nov, 2023 07:34pm

Perspectives

Like its economy, Pakistan’s cricket team will also rely on ‘bailouts’

A clueless Pakistan team was mauled on the cricket field by Afghanistan on Monday night. It wasn’t just...

Updated 24 Oct, 2023 06:00pm

Technology

In Dubai, Dr Umar Saif was a man with a few ‘missions’

Caretaker IT minister believes establishment of ‘Pakistan Startup Fund’ will help attract VCs to country

Updated 20 Oct, 2023 08:36am

Technology

With aim to enable electric motorcycles in Pakistan, Zyp Technologies announces $1.2mn seed round

Startup’s assembly plant is based in Lahore where it has capacity to produce 8,000 electric motorcycles a year

Updated 12 Sep, 2023 05:01pm

Technology

Looking to tackle outdated HR functions, Pakistan’s Paismo announces raising $1.3mn in seed round

KARACHI: Pakistan’s HR tech startup Paismo on Tuesday announced it has raised $1.3 million in a seed round, which...

Updated 22 Aug, 2023 09:42am

Markets

Inter-bank & open markets: exchange rate gap starts to breach IMF-defined limit

Average premium between the inter-bank and open market rate will be no more than 1.25 percent during any consecutive 5-business day period, the IMF had said in its country report on Pakistan

Updated 15 Aug, 2023 08:59pm

Markets

Symmetry Group all set to become Pakistan’s first IPO this year, has its eyes on foreign markets

KARACHI: Symmetry Group Limited (SGL), a digital technology and experiences company, is looking to raise at least...

Updated 07 Aug, 2023 09:18am

Pakistan

IMF ‘seeks assurances’ from Pakistan’s political parties on commitment to new SBA

IMF official says lender's staff in process of meeting representatives from PML-N, PTI, PPP

Updated 07 Jul, 2023 05:37pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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