Business & Finance

Intra-day update: rupee strengthens against US dollar

Currency hovers at 277-278 level in inter-bank market

SBP issues EMI license to EPSL

KARACHI: The State Bank of Pakistan (SBP) has given License to M/s E-Processing Systems Private Limited (EPSPL) to...

RTO’s online open court for taxpayers on Friday

PESHAWAR: An online open court for the redressal of the genuine problems of the taxpayers would be held on Friday at...

Jam reviews progress on Wexnet, OIC Trade Fair preparations

Relocation of industry: Minister for enhancing G2G collaboration with China

Rs368bn raised through auction for PIBs

CPEC: 38 projects worth $25bn already completed

Sharjeel speaks about criticality of young talent to drive economic growth

Palm tumbles amid China tariff fears, weak demand

Companies

Business & Finance

NBP partners with 1LINK, Mastercard on co-badged debit card issuance

Published 21 Nov, 2024 08:19am

Business & Finance

HIT converts HAVAL H6 into modern security vehicle

Published 21 Nov, 2024 07:48am

Markets

Expanding renewables: Kohat Cement installs 5.34 MW solar power plant

Updated 20 Nov, 2024 03:31pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 20	278.13
USD PKR Interbank Buying / Nov 20	277.93
USD to Japanese Yen / Nov 20	154.96
USD to Swiss Franc / Nov 20	0.88
Pound Sterling to USD / Nov 20	1.27
Euro to USD / Nov 20	1.06

Stock	Volume
S&P 500 / Nov 20	5,917.11
India Sensex / Nov 20	77,578.38
Tokyo Nikkei / Nov 20	38,072.42
Nasdaq / Nov 20	18,966.14
Hang Seng / Nov 20	19,668.80
FTSE 100 / Nov 20	8,085.07
Dow Jones / Nov 20	43,408.47
Germany DAX 30 / Nov 20	19,004.78

Item	Value
Crude Oil USD/Barrel / Nov 20	68.87
Karachi Cotton PKR/37.32 KG / Nov 20	17,885
Gold 10 Grams PKR / Nov 20	238,940
Gold Spot USD/Ounce / Nov 20	2,655.46
Cotton US¢/pound / Nov 20	70.41
Petrol/Litre / Nov 21	248.38

Budget 2024-25: income tax calculator for FY25

Money / Banking

Bitcoin bursts past $94,000 for the first time

Dollar resumes climb after three-day fall

Asian currencies: Indonesian rupiah steady

Taxes

FBR gives legal cover to PM approved rewards to IR officials

LTOs, MTOs & RTOs to work on 23rd, 30th

RTO’s online open court for taxpayers on Friday

Industry

Delegation of TikTok meets minister

PCSIR informs NA Committee: Pakistan develops 36 cannabis-based products

Six manufacturers to participate in Automechanika Dubai

Statistics

Pakistan’s inflation likely to slow down further in November, signals room for another rate cut

Jul-Oct FDI clocks in at $904.3mn, up 32% YoY

Pakistan’s REER index increases to 100.9 in October 2024

Real Estate

Why Dubai’s current real estate boom is here to stay

Country Garden submits offshore debt restructuring plan to creditors, sources say

Shanghai will reduce real estate transaction taxes to boost demand, state media says

Interest Rates

Fed’s Cook: More cuts likely appropriate as disinflation expected to continue

Fed cuts rates, notes labor market easing and solid economic growth

Bank of England cuts interest rate as inflation slows

Budgets

Pakistan

PBC apologies for mistake, now says Pakistan’s salaried class paying up to 3 times more tax than in India

Updated 26 Jul, 2024 05:10pm

Business & Finance

AFF’s tax memorandum on federal & provincial finance acts, 2024

Published 06 Jul, 2024 01:48pm

Pakistan

Dr Gohar Ejaz urges govt to provide relief to salaried class

Updated 05 Jul, 2024 04:45pm

BOJ Ueda says will ‘seriously’ take into account FX impact on economy, prices

TOKYO: Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will “seriously” take into account...

Published 21 Nov, 2024 11:28am

Novartis raises annual sales guidance until 2028

FRANKFURT: Novartis on Thursday raised its medium-term sales guidance, predicting 6% annual growth through 2028,...

Published 21 Nov, 2024 11:21am

Commodities

Jordan tenders to buy up to 120,000 metric tons feed barley, traders say

HAMBURG: Jordan’s state grains buyer has issued an international tender to purchase up to 120,000 metric tons of...

Published 21 Nov, 2024 11:19am

Bullion Rate

Gold gains for fourth day as geopolitical tensions escalate

Gold prices rose for a fourth straight session on Thursday, driven by safe-haven demand amid escalating tensions in...

Published 21 Nov, 2024 11:17am

ECB policymaker says Trump tariff hikes won’t shift Europe’s inflation outlook

TOKYO: Tariff hikes under the new Trump administration do not shift the inflation outlook in Europe, ECB policymaker...

Published 21 Nov, 2024 10:55am

Currency

Bitcoin breaks $95,000 for first time on optimism over Trump crypto plans

SINGAPORE: Bitcoin’s march toward $100,000 made further ground on Thursday as investors bet a friendlier US...

Published 21 Nov, 2024 10:52am

Stocks

Asian stocks ease as Nvidia’s forecast dampens risk appetite

SINGAPORE: Asian equities fell on Thursday after AI darling Nvidia disappointed investors with a subdued revenue...

Published 21 Nov, 2024 10:49am

Hyundai unveils big electric SUV in fast-growing market

SAN FRANCISCO: Hyundai Motor unveiled its first three-row electric SUV on Wednesday, pushing into a market for big...

Published 21 Nov, 2024 10:41am

Industry

Six manufacturers to participate in Automechanika Dubai

KARACHI: Six Pakistani exhibitors will present the latest innovations in the auto industry at the renowned...

Published 21 Nov, 2024 07:46am

Forex

Australia, NZ dollars come unstuck, doves wager on big kiwi rate cuts

SYDNEY: The Australian and New Zealand dollars were on the back foot again on Thursday as a fledgling rally was...

Published 21 Nov, 2024 10:36am

Stocks

Japanese shares fall as tech stocks track Nasdaq lower

TOKYO: Japanese shares fell on Thursday as technology stocks tracked the Nasdaq’s overnight decline, while financial...

Published 21 Nov, 2024 10:30am

Forex

Indian rupee hits record low hurt by weak local equities, buoyant dollar

MUMBAI: The Indian rupee weakened to its all-time low on Thursday, pressured by likely foreign outflows from local...

Published 21 Nov, 2024 10:26am

Mutual Funds

India bond yields inch up ahead of debt sale on Friday

MUMBAI: Indian government bond yields trended marginally higher in early deals on Thursday as US yields stayed...

Published 21 Nov, 2024 10:23am

Stocks

Indian shares set for muted start; Adani stocks in focus

Indian shares are likely to have a subdued start on Thursday, with attention on Adani Group following the indictment...

Published 21 Nov, 2024 10:21am

Forex

Dollar pulls ahead as markets focus on Trump policies, Fed outlook

TOKYO: The US dollar stood broadly firm on Thursday as traders awaited more clarity on US President-elect Donald...

Published 21 Nov, 2024 10:07am

Energy

Oil prices edge up on geopolitical tensions; higher-than-expected US inventories cap gains

SINGAPORE: Oil prices rose marginally on Thursday as geopolitical concerns over escalating tensions between Russia...

Published 21 Nov, 2024 10:05am

Taxes

FBR gives legal cover to PM approved rewards to IR officials

ISLAMABAD: The Federal Board of Revenue (FBR) will give cash rewards to the Inland Revenue officials as directed by...

Published 21 Nov, 2024 07:17am

Commodities

Gold price per tola increases Rs800 in Pakistan

Gold prices in Pakistan advanced on Wednesday in line with their increase in the international rates. In the local...

Published 20 Nov, 2024 06:35pm

Energy

Expanding renewables: Kohat Cement installs 5.34 MW solar power plant

Kohat Cement Company Limited (KOHC) has installed and commissioned a 5.34 MW on-grid solar power plant. The cement...

Updated 20 Nov, 2024 03:31pm

Exchange

Rupee registers marginal decline against US dollar

Currency settles at 278.04 against the greenback in inter-bank market

Updated 20 Nov, 2024 10:00pm

Stocks

Proft-taking weighs on PSX, KSE-100 closes lower by 310 points

After a strong start led by buying momentum, profit-taking was observed at the Pakistan Stock Exchange (PSX) as the...

Updated 20 Nov, 2024 09:48pm

Companies

IBEX Limited buys back 3.56mn shares from TRGI in $70mn deal

IBEX Limited, a US-based technology company, has repurchased approximately 3.56 million shares for $70 million from...

Updated 20 Nov, 2024 07:30pm

Real Estate

Why Dubai’s current real estate boom is here to stay

Knight Frank official says buying patterns point towards genuine end users rather than speculative investors

Updated 20 Nov, 2024 05:34pm

ECC approves ‘winter package’: Eligible consumers to pay Rs26.07/kWh tariff

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved a three-month winter...

Updated 20 Nov, 2024 09:26am

Rs148bn receivables: SNGPL holds CPPA-G responsible

ISLAMABAD: Sui Northern Gas Company Limited (SNGPL) holds the Central Power Purchasing Agency– Guaranteed (CPPA-G),...

Updated 20 Nov, 2024 09:18am

Money & Banking

Fed’s Cook: More cuts likely appropriate as disinflation expected to continue

CHARLOTTESVILLE: U.S. inflation continues to ease, with wages and the job market cooling and excess price increases...

Published 20 Nov, 2024 09:57pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 20	278.13
USD PKR Interbank Buying / Nov 20	277.93
USD to Japanese Yen / Nov 20	154.96
USD to Swiss Franc / Nov 20	0.88
Pound Sterling to USD / Nov 20	1.27
Euro to USD / Nov 20	1.06

Stock	Volume
S&P 500 / Nov 20	5,917.11
India Sensex / Nov 20	77,578.38
Tokyo Nikkei / Nov 20	38,072.42
Nasdaq / Nov 20	18,966.14
Hang Seng / Nov 20	19,668.80
FTSE 100 / Nov 20	8,085.07
Dow Jones / Nov 20	43,408.47
Germany DAX 30 / Nov 20	19,004.78

Item	Value
Crude Oil USD/Barrel / Nov 20	68.87
Karachi Cotton PKR/37.32 KG / Nov 20	17,885
Gold 10 Grams PKR / Nov 20	238,940
Gold Spot USD/Ounce / Nov 20	2,655.46
Cotton US¢/pound / Nov 20	70.41
Petrol/Litre / Nov 21	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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