News stories for Absar Ali - Business Recorder

Absar Ali

Opinion

Smog: Who’s responsible?

Smog choking Pakistan’s major urban hubs is a tragedy that has been decades in the making, rooted in poor policy...

Updated 20 Nov, 2024 08:51am

Opinion

Bring back zero-rating

Should the government ensure implementation of sales tax at the point-of-sale, ~Rs 293 billion in tax revenue could...

Updated 13 Aug, 2024 07:51am

Opinion

Export ambitions vs economic realities

While the Government is seeking a 100% increase in exports over the next three years, maintaining even the current...

Published 23 Jul, 2024 07:05am

Opinion

Dancing on a volcano

Ten days into the new fiscal year, the FY25 budget is already in disarray. Amid calls for a nationwide strike, the...

Published 10 Jul, 2024 03:14am

Opinion

Give SMEs a chance

The turnover tax regime in Pakistan poses significant challenges for small and medium enterprises (SMEs), placing...

Published 07 Jun, 2024 06:24am

Opinion

Time to act: 9 cents/kWh

The country faces daunting economic challenges. A shrinking industrial base, a bulging workforce with no jobs to...

Updated 15 May, 2024 06:28am

Opinion

Rising energy tariffs, sinking economy

Unless power tariffs for industrial consumers are rationalized immediately, economic catastrophe is imminent....

Published 25 Apr, 2024 03:05am

Opinion

Why we lag in exports

One of Pakistan’s most pressing economic issues is the chronic shortage of foreign exchange underscored by an...

Published 14 Mar, 2024 03:00am

Opinion

Wheeling charges: do or die

On Tuesday 28th November, power regulator Nepra will hold a public hearing on the Discos’ petitions to determine a...

Published 27 Nov, 2023 06:13am

Opinion

Export or perish

The fundamental problem of our economy is that balance of payments crises and a perpetual risk of default have ...

Updated 20 Nov, 2023 07:16am

Opinion

We just can’t compete

Distortions caused by a distraught policy landscape — from high energy costs to an industry-wide liquidity crisis...

Updated 14 Nov, 2023 05:44am

Opinion

On the edge of a precipice

The World Bank recently warned that Pakistan’s economy is on the edge of a precipice. Any more of the same will...

Published 16 Oct, 2023 05:47am

Opinion

Export sector: prohibitive energy costs

If the economy is to be stabilized, exports can no longer afford to pay for the energy sector’s failures and...

Published 03 Oct, 2023 06:02am

Opinion

Sales tax blues

Given rampant sales tax evasion and slowdown in consumer demand, the government is highly unlikely to meet its...

Published 11 Sep, 2023 06:32am

Opinion

Fiscal discipline key to reforms

Before Pakistan can embark on the long and tedious journey of structural reforms, fiscal discipline must be embraced...

Published 23 Aug, 2023 05:50am

Opinion

Exports collapsing under power sector burden

The fundamental premise upon which the foundations of modern-day economics stand is that resources are finite and...

Published 27 Jul, 2023 06:26am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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