News stories for BR Web Desk - Business Recorder

BR Web Desk

BR’s refresher: your morning briefing for the day

Important updates from January 9, 2025

Published 10 Jan, 2025 08:43am

Markets

Govt saved Rs1.1 trillion through talks with IPPs: Awais Leghari

Minister for Power Division Sardar Awais Ahmad Khan Leghari on Thursday claimed that “successful negotiations” with...

Published 09 Jan, 2025 10:36pm

Markets

IMF agreed for cleaning of PIACL’s Rs45 billion negative equity, NA panel told

Washington-based lender also gave its nod for removal of 18% GST on aircrafts, Standing Committee on Privatisation informed

Updated 09 Jan, 2025 10:43pm

Markets

PBC raises concerns on reported termination of satellite tracking of Afghan cargo

The Pakistan Business Council (PBC) on Thursday signalled concerns on a report that the Federal Board of Revenue...

Published 09 Jan, 2025 08:27pm

Pakistan

PTCL adds ‘additional bandwidth’ to resolve internet slowness issues

The Pakistan Telecommunication Company Limited (PTCL) on Thursday provided an update regarding the issue with the...

Updated 09 Jan, 2025 10:56pm

Markets

SBP-held foreign exchange reserves decrease $15mn, now stand at $11.7bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $15 million on a weekly basis,...

Updated 09 Jan, 2025 09:55pm

Markets

Gold price per tola increases Rs1,300 in Pakistan

Gold prices in Pakistan further increased on Thursday in line with their rise in international rates. In the local...

Updated 09 Jan, 2025 09:37pm

Business & Finance

OGDCL reappoints Ahmed Hayat Lak as MD & CEO

The board of Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production...

Updated 09 Jan, 2025 10:56pm

Pakistan

Inflation to lower pace further in January, says SBP governor

However, some volatility may be seen following next month: Jameel Ahmad

Updated 09 Jan, 2025 10:53pm

Markets

Selling continues at PSX, KSE-100 closes over 1,500 points down

The Pakistan Stock Exchange (PSX) witnessed yet another volatile session, as the benchmark KSE-100 Index closed...

Updated 09 Jan, 2025 10:46pm

BR’s refresher: your morning briefing for the day

Important updates from January 8, 2025

Published 09 Jan, 2025 08:39am

Markets

Gwadar Port: Planning minister seeks marketing templates, packages for ‘cost-effective’ trade routes

Materials to be distributed through Pakistan’s embassies, missions worldwide to promote Gwadar Port on global scale

Updated 08 Jan, 2025 10:59pm

Pakistan

NA Speaker expresses regret over allegations by PTI leaders

Speaker National Assembly, Sardar Ayaz Sadiq on Wednesday expressed regret over the allegations made by some PTI...

Updated 08 Jan, 2025 10:53pm

Pakistan

British High Commissioner calls on Defence Minister Khawaja Asif

British High Commissioner Jane Marriott met with the Minister for Defence Khawaja Asif on Wednesday, APP reported....

Updated 08 Jan, 2025 10:55pm

Pakistan

Imran gives PTI permission to continue dialogue with govt

Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan on Wednesday instructed his party’s negotiation team to continue...

Updated 08 Jan, 2025 09:42pm

Markets

Gold price per tola increases Rs1,000 in Pakistan

Gold prices in Pakistan further increased on Wednesday in line with their rise in international rates. In the local...

Published 08 Jan, 2025 04:19pm

Business & Finance

Pakistani banks among best performing banking stocks in 2024: S&P Global Market Intelligence

In a positive development for the country’s banking sector, Pakistani banks outshined their regional partners...

Updated 08 Jan, 2025 10:45pm

Pakistan

Current tax slabs ‘prohibitive’ but IMF commitments will be honoured, says PM

Addresses business persons at Pakistan Stock Exchange in Karachi

Updated 08 Jan, 2025 10:44pm

Pakistan

PM Shehbaz arrives in Karachi on day-long visit

Prime Minister Shehbaz Sharif arrived in Karachi on Wednesday on a day long visit. He was received by Sindh Chief...

Published 08 Jan, 2025 11:56am

Business & Finance

Refinery Upgrade Project: PRL secures Rs3.15bn loan facility from PSO

The board of Pakistan Refinery Limited (PRL) has approved a Rs3.15 billion loan from its parent company Pakistan...

Updated 08 Jan, 2025 10:38pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 27	278.95
USD PKR Interbank Buying / Jan 27	278.80
USD to Japanese Yen / Jan 27	154.64
USD to Swiss Franc / Jan 27	0.90
Pound Sterling to USD / Jan 27	1.25
Euro to USD / Jan 27	1.05

Stock	Volume
S&P 500 / Jan 24	6,101.24
Nasdaq / Jan 24	19,954.30
Dow Jones / Jan 24	44,424.25
India Sensex / Jan 27	75,346.55
Tokyo Nikkei / Jan 27	39,565.80
Hang Seng / Jan 27	20,197.77
FTSE 100 / Jan 27	8,485.58
Germany DAX 30 / Jan 27	21,124.29

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 24	18,485
Gold 10 Grams PKR / Jan 24	248,285
Crude Oil USD/Barrel / Jan 27	74.82
Gold Spot USD/Ounce / Jan 27	2,763.59
Cotton US¢/pound / Jan 27	67.70
Petrol/Litre / Jan 28	256.13

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd (Pref) / Jan 27 Chenab Limited (Pref)(CLCPS)	3.93 ▲ 0.49 (14.24%)
Chenab Ltd / Jan 27 Chenab Limited(CHBL)	8.57 ▲ 1 (13.21%)
B. F. Mod. / Jan 27 B.F. Modaraba(BFMOD)	8.39 ▲ 0.89 (11.87%)
Sanghar Sugar / Jan 27 Sanghar Sugar Mills Limited(SANSM)	25.36 ▲ 2.31 (10.02%)
Leather Up Ltd. / Jan 27 Leather Up Limited(LEUL)	36.70 ▲ 3.34 (10.01%)
Shahtaj Sugar / Jan 27 Shahtaj Sugar Mills Limited(SHJS)	113.69 ▲ 10.34 (10%)
At-Tahur Ltd. / Jan 27 At-Tahur Limited(PREMA)	25.85 ▲ 2.35 (10%)
Archroma Pak / Jan 27 Archroma Pakistan Limited(ARPL)	478.56 ▲ 43.51 (10%)
Saritow Spinning / Jan 27 Saritow Spinning Mills Limited(SSML)	12.24 ▲ 1.11 (9.97%)

Stock	Price
LSE Financial Serv. / Jan 27 LSE Financial Services Limited(LSEFSL)	17.52 ▼ -1.95 (-10.02%)
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	39.53 ▼ -4.39 (-10%)
Hussain Industries / Jan 27 Husein Industries Limited(HUSI)	28.50 ▼ -3.14 (-9.92%)
Arctic Textile / Jan 27 Arctic Textile Mills Limited(ARCTM)	18.90 ▼ -2.08 (-9.91%)
Apna Microfin. / Jan 27 Apna Microfinance Bank Limited(AMBL)	10.09 ▼ -1.1 (-9.83%)
National Silk / Jan 27 The National Silk & Rayon Mills Limited(NSRM)	50 ▼ -5.44 (-9.81%)
Gammon Pak / Jan 27 Gammon Pakistan Limited(GAMON)	38 ▼ -4.04 (-9.61%)
Unicap Modaraba / Jan 27 Unicap Modaraba(UCAPM)	2.57 ▼ -0.27 (-9.51%)
Synthetic Prod / Jan 27 Synthetic Products Enterprises Limited(SPEL)	41 ▼ -4.06 (-9.01%)

Stock	Volume
Cnergyico PK / Jan 27 Cnergyico PK Limited(CNERGY)	61,454,571 ▼ -0.13
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	57,677,562 ▼ -4.39
WorldCall Telecom / Jan 27 Worldcall Telecom Limited(WTL)	33,767,457 ▼ -0.06
The Searle Co. / Jan 27 The Searle Company Limited(SEARL)	26,713,969 ▼ -5.54
Pak Elektron / Jan 27 Pak Elektron Limited(PAEL)	22,757,545 ▲ 0.67
Fauji Cement / Jan 27 Fauji Cement Company Limited(FCCL)	20,797,108 ▼ -0.46
Citi Pharma Ltd / Jan 27 Citi Pharma Ltd.(CPHL)	18,489,077 ▼ -6.73
P.T.C.L. / Jan 27 Pakistan Telecommunication Company Ltd(PTC)	18,264,183 ▲ 0.82
Ghani Chem. Ind. / Jan 27 Ghani Chemical Industries Limited(GCIL)	17,202,553 ▲ 0.67

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