News Archives for Business & Finance - 2024-10-12

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Business & Finance - 2024-10-12

MENA

Saudi fast food giant AlBaik eyes Pakistani market after MoU

Food chain signs memorandum of understanding with Gas & Oil Pakistan Ltd (GO)

Published 12 Oct, 2024 01:09pm

Companies

BankIslami reaches 500-branch milestone

KARACHI: BankIslami Pakistan Limited has achieved a milestone of strengthening branch network with the opening of ...

Published 12 Oct, 2024 07:48am

Country urged to enhance AML/CFT framework

ISLAMABAD: The International Monetary Fund (IMF) has urged Pakistan for continued enhancements in the Anti-Money...

Published 12 Oct, 2024 07:45am

Companies

‘Digital remittances be exempted from wallet-receiving limits’

KARACHI: Murtaza Ali, President of JazzCash, has proposed that digital remittances be exempted from wallet-receiving...

Published 12 Oct, 2024 07:40am

Industry

‘Economy stabilising due to good policies’

KARACHI: Chairman of the FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen...

Published 12 Oct, 2024 07:39am

Industry

Various sectors: ‘KSA team visit aims to boost trade & investments’

KARACHI: President United Business Group (UBG) Zubair Tufail, Chairman (Sindh) Khalid Tawab, other leaders Hanif...

Published 12 Oct, 2024 07:36am

Companies

Gong ceremony marks listing of Burj Modaraba

KARACHI: A gong ceremony was held at the Pakistan Stock Exchange (PSX) to mark the listing of Burj Clean Energy...

Published 12 Oct, 2024 07:29am

Industry

PM, federal cabinet efforts to terminate five PPA’s lauded

KARACHI: Chairman of the Pakistan Business Forum (PBF) for Balochistan, Daroo Khan Achakzai and PBF South Punjab...

Published 12 Oct, 2024 07:25am

Pakistan can be an ideal destination for Saudi investment: Ahsan

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal emphasised that Pakistan...

Published 12 Oct, 2024 07:11am

SME banking: SBP launches ‘Challenge Fund’

KARACHI: The State Bank of Pakistan (SBP) has announced to launch a “Challenge Fund” for technology adoption...

Published 12 Oct, 2024 06:58am

SECP & CDC open Investor’s weekend 2024

KARACHI: With the support and guidance of the Securities and Exchange Commission of Pakistan (SECP), Central...

Published 12 Oct, 2024 06:56am

SMEDA, ADB launch ‘Digital Literacy Training Programme’

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA), in collaboration with the Asian Development...

Published 12 Oct, 2024 06:51am

Speakers advocates for balanced energy mix

ISLAMABAD: While acknowledging the past mistakes of successive governments, speakers at a seminar advocated for a...

Published 12 Oct, 2024 06:50am

Industry

PSMA election dispute lands in DGTO/ SECP

ISLAMABAD: The dispute of election of Central Chairman of Pakistan Sugar Mills Association (PSMA) for 2024-26 has...

Published 12 Oct, 2024 06:47am

IMF spells out factors behind country’s underperformance

ISLAMABAD: Several macroeconomic distortions and policy-related restrictions including protectionist interventions, ...

Published 12 Oct, 2024 06:45am

Digital payments experience a remarkable growth: SBP report

KARACHI: Digital payments have experienced a remarkable growth, capturing an impressive 84 percent market share...

Published 12 Oct, 2024 06:17am

Commodities

Weekly SPI inflation down 0.08pc

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended October 10, 2024 decreased by 0.08 per...

Published 12 Oct, 2024 06:17am

Industry

ECC allows additional export of surplus sugar

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet allowed additional export of 0.500 million MT of...

Published 12 Oct, 2024 06:17am

Shanghai Cooperation Organization: All preparations finalised: Tarar

ISLAMABAD: Federal Minister for Information, Broadcasting, National Heritage, and Culture Attaullah Tarar announced...

Published 12 Oct, 2024 06:17am

FBR notifies end of dual taxation treaty with Estonia

ISLAMABAD: Pakistan and Estonia have signed the convention for the elimination of double taxation with income and ...

Published 12 Oct, 2024 06:17am

Round Table Ministerial Conference: KSA, Pakistan discuss ways and means to strengthen ties in relation to G2G activities

ISLAMABAD: During the visit of Saudi Business delegates headed by KSA Minister for Investment Sheikh Khalid Bin ...

Published 12 Oct, 2024 06:17am

Ogra notifies up to 7.11pc reduction in RLNG prices

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra), on Friday, notified up to 7.11 percent reduction in the...

Published 12 Oct, 2024 06:17am

SME banking: SBP launches ‘Challenge Fund’

KARACHI: The State Bank of Pakistan (SBP) has announced to launch a “Challenge Fund” for technology adoption...

Published 12 Oct, 2024 06:17am

LoI to IMF: govt pledges fiscal discipline

ISLAMABAD: The government has committed to the International Monetary Fund (IMF) that it would contain non-priority...

Published 12 Oct, 2024 06:17am

Implementing reforms can hike growth 2pc over 5 years: IMF

ISLAMABAD: The combined impact of consistent implementation of fiscal-structural, labour market, trade, and...

Published 12 Oct, 2024 06:17am

Fostering B2B investments: Azfar Ahsan meets Saudi investment minister

KARACHI: Muhammad Azfar Ahsan, former Minister for Investment of Pakistan and founder of Nutshell Group, met with...

Published 12 Oct, 2024 06:17am

CCTV cameras: SBP advises banks, MFBs to update SOPs

KARACHI: In a significant move to bolster security across financial institutions, the State Bank of Pakistan (SBP)...

Published 12 Oct, 2024 06:17am

PRA initiates inspections of restaurants

LAHORE: The Punjab Revenue Authority (PRA) has launched a series of inspections across various restaurants in Lahore...

Published 12 Oct, 2024 06:17am

4.7pc of GDP: IMF projects external financing needs for FY25 at $18.813bn

ISLAMABAD: The International Monetary Fund (IMF) has projected Pakistan’s gross external financing needs at $18.813...

Updated 12 Oct, 2024 10:04pm

Energy

Oil settles down

HOUSTON: Oil prices settled lower on Friday but rose for the second straight week as investors weighed factors such...

Published 12 Oct, 2024 06:17am

Industry

PAAPAM to host 19th PAPS-24 from 25th to 27th

LAHORE: The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) is set to host the ...

Published 12 Oct, 2024 06:17am

Industry

PPMA urges govt to update drug laws in line with recommendations

LAHORE: Pakistan Pharmaceutical Manufacturers Association (PPMA) has urged the government to update existing drug...

Published 12 Oct, 2024 06:17am

Money & Banking

Dollar flat against peers

NEW YORK: The US dollar was little changed against major currencies on Friday as markets digested a slew of economic...

Published 12 Oct, 2024 06:17am

Money & Banking

Most Asian FX rise on smaller Fed rate cut bets

BENGALURU: Emerging Asian currencies got a leg up on Friday due to a weakened dollar, while stocks in the region ...

Published 12 Oct, 2024 06:17am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 26	153.83
USD to Swiss Franc / Nov 26	0.89
Pound Sterling to USD / Nov 26	1.25
Euro to USD / Nov 26	1.05

Stock	Volume
S&P 500 / Nov 25	5,987.37
Nasdaq / Nov 25	18,054.84
Dow Jones / Nov 25	44,736.57
India Sensex / Nov 26	80,083.15
Tokyo Nikkei / Nov 26	38,266.61
Hang Seng / Nov 26	19,174.25
FTSE 100 / Nov 26	8,253.38
Germany DAX 30 / Nov 26	19,284.47

Item	Value
Gold 10 Grams PKR / Nov 25	244,860.20
Crude Oil USD/Barrel / Nov 26	69.17
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold Spot USD/Ounce / Nov 26	2,623.04
Cotton US¢/pound / Nov 26	71.35
Petrol/Litre / Nov 27	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610 ▼ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	74.39 ▼ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	122.01 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▼ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.86 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610 ▲ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	74.39 ▲ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	122.01 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▲ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▲ 0.00 (0.00%)

Stock	Volume
Hascol Petrol / Nov 27 Hascol Petroleum Limited(HASCOL)	64,823,622 ▲ 0.00
Cnergyico PK / Nov 27 Cnergyico PK Limited(CNERGY)	48,065,578 ▲ 0.00
Fauji Foods Ltd / Nov 27 Fauji Foods Limited(FFL)	40,919,425 ▲ 0.00
WorldCall Telecom / Nov 27 Worldcall Telecom Limited(WTL)	33,547,707 ▲ 0.00
K-Electric Ltd. / Nov 27 K-Electric Limited(KEL)	32,092,012 ▲ 0.00
Sui South Gas / Nov 27 Sui Southern Gas Company Limited(SSGC)	30,420,168 ▲ 0.00
Treet Battery / Nov 27 Treet Battery Limited(TBL)	22,823,492 ▲ 0.00
B.O.Punjab / Nov 27 The Bank of Punjab(BOP)	20,014,784 ▲ 0.00
Waves Home Appliances / Nov 27 Waves Home Appliances Limited(WAVESAPP)	19,695,105 ▲ 0.00

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