News stories for Muhammad Ali - Business Recorder

Muhammad Ali

PCA South uncovers Rs340m tax fraud

KARACHI: The Post Clearance Audit (PCA) South has exposed a massive financial fraud involving a phantom company that...

Published 23 Dec, 2024 06:03am

Pakistan

First Travel Store launched in Karachi: Emirates welcomes EU flight resumption

KARACHI: Emirates welcomes the resumption of direct flights between Pakistan and the EU, viewing it as a catalyst ...

Published 20 Dec, 2024 02:43am

Rs1.8m GST cuts on services: FBR and top CA firm at loggerheads

KARACHI: The Federal Board of Revenue (FBR) and a top Chartered Accountants (CA) firm are at loggerheads over Rs.1.8...

Updated 17 Dec, 2024 03:23pm

Significant breakthrough: US FAA likely to resume flight operations

KARACHI: Pakistan’s aviation sector is poised for a significant breakthrough as discussions progress with the US...

Updated 13 Dec, 2024 09:12am

New Gwadar International Airport: PAA all set to start operations next month

KARACHI: Pakistan Airports Authority (PAA) is all set to commence flights operations at the New Gwadar International...

Updated 11 Dec, 2024 09:01am

Flight resumption: UK’s go-ahead likely by first quarter of 2025

KARACHI: Pakistan is likely to get a go-ahead from British aviation authorities to resume flight operations by first...

Updated 11 Dec, 2024 09:24am

‘Fake’ purchase of coal by cement makers: Abrupt transfer of officers halts probe into Rs11bn tax fraud

KARACHI: The Federal Board of Revenue (FBR) has reportedly halted investigations into an alleged Rs11 billion tax...

Updated 10 Dec, 2024 03:25pm

Business & Finance

PIA to resume flights to Europe on Jan 10

KARACHI: Pakistan International Airlines (PIA) will resume twice-weekly flights between Islamabad and Paris starting...

Published 07 Dec, 2024 06:51am

European Union lifts ban on PIA

KARACHI: The European Union Aviation Safety Agency (EASA) has officially lifted its ban on Pakistan International...

Updated 30 Nov, 2024 03:13pm

PTI’s tree tsunami programme: Audit exposes Rs5.2bn mismanagement

KARACHI: A recent special audit of Auditor General of Pakistan (AGP) has uncovered serious deficiencies in PTI’s...

Updated 27 Nov, 2024 09:27am

Pakistan

Tech and security infrastructure: Karachi Safe City project to be completed by 3Q2025: NRTC official

KARACHI: The first phase of the Karachi Safe City Project is scheduled to be completed by the third quarter of 2025,...

Published 22 Nov, 2024 03:03am

Business & Finance

KS&EWL to deliver 1st container ship to PNSC next year

KARACHI: Karachi Shipyard & Engineering Works Limited (KS&EWL) is set to deliver its first container ship to...

Published 21 Nov, 2024 08:10am

Pakistan

Bird strike incidents on the rise as airports lack repellent systems

KARACHI: Pakistan’s airports continue to operate without critical bird repellent systems despite more than 100 ...

Published 18 Nov, 2024 02:54am

Business & Finance

PTBA urges CJP to help resolve high-profile pending tax matters

KARACHI: The Pakistan Tax Bar Association (PTBA) has formally approached the newly appointed Chief Justice of...

Published 17 Nov, 2024 05:51am

Russia keen to work with Pakistan on NSTC: envoy

KARACHI: Russia is keen to work with Pakistan on the North-South Trade Corridor (NSTC)- Russia, Kyrgyzstan,...

Updated 12 Nov, 2024 08:34am

Business & Finance

K2 Airways to commence cargo services by Dec 1

KARACHI: K2 Airways, Pakistan’s first private sector air cargo, is going to commence its services by December 1,...

Published 08 Nov, 2024 08:00am

4 aircraft grounded: Restart operations or face sanctions, PCAA warns Serene Air

KARACHI: Pakistan Civil Aviation Authority (PCAA) has issued a stern warning to Serene Air, demanding the airline...

Updated 07 Nov, 2024 08:34am

eTurbo announces rise in domestic production

Business & Finance

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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