News stories for BR Web Desk - Business Recorder

BR Web Desk

Business & Finance

Hub Power Holdings partners with Mega Conglomerate to strengthen BYD alliance

In its bid to strengthen business collaboration with Chinese electric vehicle giant BYD Auto Industry Company...

Updated 05 Dec, 2024 05:13pm

BR’s refresher: your morning briefing for the day

Important updates from December 4, 2024

Published 05 Dec, 2024 08:30am

Markets

National Tax Council meets to discuss tax reforms, harmonisation

Meeting's agenda focuses on fostering collaboration between federal, provincial authorities to enhance tax systems, improve compliance, and boost revenue collection, Finance Division says

Updated 04 Dec, 2024 10:35pm

Pakistan

Five terrorists killed in Lakki Marwat IBO: ISPR

Security forces killed five terrorists and injured two in an intelligence-based operation (IBO) in Khyber...

Updated 04 Dec, 2024 10:25pm

Sports

Pakistan makes four changes to playing XI for third Zimbabwe T20I

Pakistan have announced their playing XI for the third T20I against Zimbabwe, making four changes to their winning...

Published 04 Dec, 2024 05:22pm

Markets

Deals with IPPs: Nishat Chunian Power approves revised agreements with govt

Nishat Chunian Power Limited (NCPL), an Independent Power Producer (IPP), has approved the implementation of amended...

Updated 04 Dec, 2024 09:44pm

Markets

Gold unchanged at Rs275,200 per tola in Pakistan

Gold prices in Pakistan remained stable on Wednesday, in line with the international rates. In the local market, the...

Published 04 Dec, 2024 04:27pm

Markets

PRL denies reports of importing Russian crude at discounted rates

Pakistan Refinery Limited (PRL), a subsidiary of the Pakistan State Oil Company Limited (PSO), denied reports...

Updated 04 Dec, 2024 09:37pm

Pakistan

‘Moving in the right direction’: Aurangzeb highlights economic progress

Federal Minister for Finance and Revenue Muhammad Aurangzeb Wednesday reaffirmed that Pakistan’s macroeconomic...

Updated 04 Dec, 2024 10:49pm

Markets

Bull run at PSX continues as KSE-100 settles above 105,000

The Pakistan Stock Exchange (PSX) continued its merry run with the benchmark KSE-100 Index closing above 105,000 for...

Updated 04 Dec, 2024 09:37pm

BR’s refresher: your morning briefing for the day

Important updates from December 3, 2024

Published 04 Dec, 2024 08:36am

Pakistan

PM Shehbaz calls for strong political will, global leadership to combat water crisis

Premier emphasises water is a crucial element for economic development, food security, and environmental sustainability

Published 03 Dec, 2024 11:21pm

Sports

Sufiyan Muqeem sets new record for best bowling figures in T20Is

Pakistan’s left-arm spinner Sufiyan Muqeem has set a new record for best bowling figures in T20 cricket, breaking...

Published 03 Dec, 2024 08:15pm

Pakistan

Govt extends deadline for submitting Hajj 2025 applications till Dec 10

The government has extended the deadline to submit applications for Hajj 2025 till December 10, minister for...

Updated 03 Dec, 2024 10:59pm

Pakistan

PM Shehbaz reaches Riyadh to participate in ‘One Water Summit’

Prime Minister Shehbaz Sharif has arrived in Saudi Arabia to participate in the “One Water Summit” in Riyadh, the...

Updated 03 Dec, 2024 10:57pm

Sports

Pakistan beat Bangladesh by 10 wickets in T20 Blind Cricket World Cup final

Pakistan beat Bangladesh by 10 wickets in the fourth T20 Blind Cricket World Cup final at the Multan Cricket Stadium...

Published 03 Dec, 2024 04:33pm

Markets

Another significant cut in key policy rate expected as inflation eases

SBP has eased its monetary stance since June 2024, cumulatively reducing key interest rate by 700bps
MPC is next scheduled to meet on December 16

Updated 03 Dec, 2024 10:56pm

Markets

Gold price per tola increases Rs700 in Pakistan

After declining in the previous two sessions, gold prices in Pakistan registered a gain on Monday in line with their...

Published 03 Dec, 2024 03:18pm

Business & Finance

Pakistan’s Citi Pharma to set up API plants in Indonesia

Citi Pharma Limited (CPHL), a Pakistani pharmaceutical company, has entered into a strategic partnership with Mersi...

Published 03 Dec, 2024 02:27pm

Markets

KSE-100 scales new peak, settles above 104,000 with 1,300-point gain

Experts say market anticipates further cut in key policy rate following latest inflation reading

Updated 03 Dec, 2024 10:17pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 26	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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