News stories for Muhammad Ali - Business Recorder

Muhammad Ali

Sale of smuggled Iranian diesel causing huge revenue loss

KARACHI: Iranian smuggled diesel has replaced 40pc of Pakistan’s domestic diesel consumption, causing unprecedented...

Updated 08 May, 2023 09:03am

Pakistan

AGP detects Rs158.7m malfeasance in ASF Foundation accounts

KARACHI: The Auditor General of Pakistan (AGP) has detected serious financial irregularities of Rs158.7 million in...

Published 27 Apr, 2023 06:24am

Roosevelt, Scribe hotels: Aviation Division releases Rs275m to PIACL for its legal team without approval: AGP report

KARACHI: The Aviation Division has made a payment of a whopping Rs 275 million to Pakistan International Airlines...

Updated 16 Apr, 2023 05:25pm

Airports at Karachi, Lahore and Islamabad: IFC team assessing prospects for outsourcing of services

KARACHI/ISLAMABAD: The World Bank’s International Finance Corporation (IFC) has begun working on the outsourcing ...

Updated 11 Apr, 2023 09:59am

Pakistan

PIA’s sudden change of destination decision perturbs passengers

Cash-starved airline will have to bear the cost of accommodating nearly 180 passengers after change

Updated 26 Mar, 2023 12:50pm

Pakistan

Ramazan: Having obesity makes you more likely to develop diabetes, according to experts

KARACHI: Gaining weight in Ramazan could contribute to the diabetes epidemic in Pakistan, reporting over 400,000...

Published 25 Mar, 2023 06:25am

Customs sets up cell to monitor sugar export

KARACHI: Pakistan Customs has established a special cell at the Port Qasim Collectorate to monitor the exports of...

Updated 12 Mar, 2023 09:59am

Business & Finance

Land grab in Karachi inflicts $2.9bn loss on economy annually, claims FPCCI

KARACHI: The formal sector of economy of Pakistan’s bustling megacity, Karachi, suffers a staggering annual loss ...

Published 07 Mar, 2023 03:16am

Business & Finance

Power bills: FBR collects double income tax in Karachi

KARACHI: Despite being victimized by dilapidated road infrastructure, high air pollution, gas shortage,...

Published 05 Jan, 2023 05:58am

KTBA not happy as FBR issues audit notices to taxpayers

KARACHI: Federal Board of Revenue (FBR) has started issuing audit notices under section 177 of the Income Tax...

Updated 02 Jan, 2023 08:44am

Pakistan

Case of stolen Bentley: Customs wing finds all accused guilty, imposes hefty fine on them

KARACHI: The Collectorate of Customs, Adjudication-I (CCA), has found all the accused in the stolen Bentley case...

Updated 12 Dec, 2022 06:15pm

Pakistan

Country to be self-sufficient in making submarines soon: KS&EW official

KARACHI: Pakistan is going to be self-sufficient in submarine production in the coming years. Talking to Business...

Published 17 Nov, 2022 07:51am

Pakistan

IDEAS occupies centre stage in defence diplomacy, says DEPO chief

KARACHI: Pakistan’s International Defence Exhibition and Seminar (IDEAS) is a mega international event having a...

Published 10 Nov, 2022 06:48am

Business & Finance

PIA flights to Europe likely next year

KARACHI: PIA’s flights to Europe are likely to be resumed by next year as a top delegation of the Pakistan Civil...

Published 25 Oct, 2022 05:51am

Business & Finance

Curbs on CKD imports: Govt may lose around Rs327bn in revenue, says IMC CEO

KARACHI: The government is expected to lose around Rs. 327 billion or $1.5 billion in revenue during the ongoing...

Published 13 Oct, 2022 05:59am

Pakistan

Son of FBR’s ex-member nominated in drug smuggling case

KARACHI: The Collectorate of Customs Exports (CCE) has nominated the son of former Member FBR in the methamphetamine...

Published 11 Oct, 2022 05:54am

Pakistan

PIA Turkish Airlines code-share agreement: Pakistanis to fly to Europe, UK and US from Istanbul

KARACHI: Pakistani passengers will be able to fly to Europe, UK and USA from Istanbul under PIA Turkish Airlines...

Published 08 Oct, 2022 03:25am

Pakistan

How did the stolen Bentley reach Karachi from London?

KARACHI: How did this expensive stolen vehicle ‘Bentley Mulsanne’ reach Karachi from London? This is the most...

Updated 03 Oct, 2022 02:12pm

Business & Finance

FBR hasn’t removed ‘technical glitches, illegalities’ from IT return form: KTBA

KARACHI: A large number of taxpayers is unlikely to submit income tax returns till the deadline (September 30, 2022)...

Published 24 Sep, 2022 03:49am

Guterres calls for ‘debt swap’ scheme for Pakistan

UN Secretary-General says instead of paying to creditors, using money to invest in climate resilience, investment in sustainable infrastructure

Updated 11 Sep, 2022 01:35pm

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
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

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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