News stories for BR Web Desk - Business Recorder

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Markets

Pakistan’s current account posts deficit of $681mn in FY24

This is the lowest deficit in last 13 years
During June, current account balance stands at deficit of $329mn

Updated 19 Jul, 2024 10:44pm

Pakistan

Pakistan’s fabric exporter temporarily shuts operations as economic woes bite

Aruj Industries Limited, a Pakistani fabric manufacturer and exporter, has announced to temporarily halt production...

Published 19 Jul, 2024 04:27pm

Markets

Gold price per tola decreases Rs3,000 in Pakistan

After hitting a record high in the previous session, gold prices in Pakistan registered losses on Friday in line...

Published 19 Jul, 2024 01:26pm

Markets

KSE-100 retreats, falls over 2% amid selling pressure

After days of positive momentum, selling pressure returned to the Pakistan Stock Exchange (PSX) as the benchmark...

Updated 19 Jul, 2024 10:36pm

BR’s refresher: your morning briefing for the day

Important updates July 18, 2024

Published 19 Jul, 2024 08:45am

Pakistan

PM Shehbaz directs FBR to accelerate digitisation work

Premier says reforms in FBR can increase revenue

Updated 18 Jul, 2024 10:15pm

Markets

SBP-held foreign exchange reserves increase $19mn, now stand at $9.42bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $19 million on a weekly basis,...

Updated 18 Jul, 2024 10:48pm

Pakistan

Constitution permits appointment of ad hoc judges: Law Minister

Azam Nazeer Tarar rejects reports about extension in the tenure of Chief Justice of Pakistan Qazi Faez Issa

Published 18 Jul, 2024 05:24pm

Pakistan

Pakistan ‘highly likely’ to see change in govt before 2029 elections, warns Fitch Solutions’ BMI report

However, it says PML-N will succeed in pushing through IMF-mandated reforms over coming 18 months

Updated 18 Jul, 2024 07:16pm

Markets

PPL commences oil & gas production from Punjab

Pakistan Petroleum Limited (PPL), an oil and gas exploration firm, announced commencement of hydrocarbon production...

Published 18 Jul, 2024 02:00pm

Markets

SBP projected to bring down policy rate to 16% by 2024-end: Fitch Solutions’ BMI report

Key policy rate currently stands at 20.5%

Updated 18 Jul, 2024 10:37pm

Markets

Gold prices in Pakistan hit record high of Rs254,000 per tola

Gold prices in Pakistan registered gains for the fifth consecutive session on Thursday in line with the increase in...

Updated 18 Jul, 2024 10:41pm

Markets

Pakistan’s GDP growth to hit 3.2% in FY25, says Fitch Solutions’ BMI report

Growth to come on back of agriculture boost, lower policy rate and easing inflation
Projected figure still below govt's targeted level of 3.6%

Updated 18 Jul, 2024 10:08pm

Markets

KSE-100 closes at fresh record high after 684-point gain

Positive momentum persisted at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 gained 684 points to close...

Updated 18 Jul, 2024 10:49pm

BR’s refresher: your morning briefing for the day

Important updates July 17, 2024

Published 18 Jul, 2024 08:33am

Pakistan

President, PM call for unity as nation observes Ashura amid strict security

Processions were held nationwide in observance of Youm-e-Ashura

Updated 17 Jul, 2024 08:20pm

Pakistan

US urges Taliban to prevent use of Afghan soil for terrorist attacks

US State Department Spokesperson Matthew Miller says Pakistani people have suffered greatly at the hands of violent extremists and terrorists

Updated 17 Jul, 2024 09:08pm

BR’s refresher: your morning briefing for the day

Important updates July 16, 2024

Published 17 Jul, 2024 08:42am

Pakistan

Five civilians, two soldiers martyred as terrorists attack on health centre in DI Khan

Five civilians and two soldiers were martyred in a terrorist attack on a health centre in Dera Ismail Khan District,...

Updated 16 Jul, 2024 09:56pm

Pakistan

New IMF programme to improve Pakistan’s funding prospects: Moody’s

Credit rating agency, however, warns govt’s ability to sustain reform implementation will be key to continually unlock financing over three-year duration

Updated 16 Jul, 2024 09:38pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6 ▲ 0.85 (16.50%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)
Pak. P.V.C. / Dec 23 Pakistan PVC Limited(PPVC)	10.70 ▲ 1.00 (10.31%)

Stock	Price
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Olympia Mills / Dec 23 Olympia Mills Limited(OML)	34.60 ▼ -3.82 (-9.94%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	13.87 ▼ -1.47 (-9.58%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	14.25 ▼ -1.26 (-8.12%)
S.G.Power / Dec 23 S.G. Power Limited(SGPL)	10.32 ▼ -0.87 (-7.77%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.11
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	61,150,692 ▲ 0.94
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.36
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.66
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	37,652,290 ▲ 1.90
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	34,969,364 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	32,015,283 ▲ 2.50
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.19

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