News Archives for Business & Finance - 2024-11-09

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Business & Finance - 2024-11-09

Industry

Hyundai cuts prices by up to Rs800,000 in Pakistan amid rising competition

Hyundai-Nishat Motors has slashed the prices of its vehicles in the range of Rs200,000-800,000 in its Tuscon and...

Updated 09 Nov, 2024 09:48pm

Bullion Rate

Gold unchanged at Rs278,800 per tola in Pakistan

Gold prices in Pakistan remained stable on Saturday, in line with the international rates. In the local market, the...

Published 09 Nov, 2024 12:15pm

Companies

Russia explores plan to merge Rosneft with Gazprom subsidiary and Lukoil, WSJ reports

Russia is working on a plan to merge state-backed Rosneft Oil with Gazprom Neft, creating the world’s second-biggest...

Published 09 Nov, 2024 11:34am

China’s consumer prices rises slow to 0.3% on year in October

BEIJING: China’s consumer prices rose more slowly in October, while producer price deflation deepened, even as...

Published 09 Nov, 2024 11:12am

Japan, Peru to agree on cooperation in mineral mining technology

TOKYO: The leaders of Japan and Peru will sign a joint statement later this month on cooperation in mineral mining...

Published 09 Nov, 2024 10:56am

South Asia

India says oil prices would have rocketed without its Russian imports

NEW DELHI: Global oil prices “would have hit the roof” if big importer India had not bought oil from Russia...

Published 09 Nov, 2024 10:46am

Industry

Factors creating obstacles within SMEs highlighted

LAHORE: Over 84 percent of Pakistan’s workforce operates informally within SMEs and home-based working sector,...

Published 09 Nov, 2024 08:09am

Industry

‘Need to restore confidence of local, foreign investors’

KARACHI: Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Muhammad Aman ...

Published 09 Nov, 2024 07:39am

Senate body told: Non-renewal of LDI licences can impact telecom ecosystem

ISLAMABAD: The non-renewal of Long Distance International (LDI) licences on account of outstanding dues of around Rs...

Published 09 Nov, 2024 07:33am

PTA absolves itself from responsibility of securing e-devices

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has absolved itself from the responsibility of securing...

Published 09 Nov, 2024 07:22am

Taxes

Over Rs16bn revenue loss prevented by busting gangs of cyber criminals using foreign IPs/VPN/proxy servers

ISLAMABAD: Directorate General of Intelligence and Investigation-Inland Revenue (IR) has prevented revenue loss of...

Published 09 Nov, 2024 07:18am

$3bn remittances in Oct: highest monthly inflow in FY25 so far

KARACHI: Pakistan received over $3 billion home remittances in October 2024, the highest monthly inflow so far in ...

Published 09 Nov, 2024 06:36am

SPI inflation up by 0.24pc WoW

ISLAMABAD: The Sensitive Price Index (SPI) based inflation for the week ended November 7, 2024 increased by 0.24...

Updated 09 Nov, 2024 08:41am

Industry

PM vows to achieve $25bn IT export target

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday reiterated his government’s resolve to meet $25 billion IT...

Published 09 Nov, 2024 06:36am

Energy

Oil falls over 2pc

NEW YORK: Oil prices fell more than 2 percent on Friday as traders grew less fearful of prolonged supply disruptions...

Published 09 Nov, 2024 06:36am

Economy on the path of recovery: Tarar

ISLAMABAD: Federal Minister for Information and Broadcasting Attaullah Tarar has announced that Pakistan’s economy...

Published 09 Nov, 2024 06:36am

Pakistan-China-Tajikistan: Tajik delegates visit PCJCCI to tap potential sectors for trade

LAHORE: A five-member delegation from Tajikistan visited Pakistan-China Joint Chamber of Commerce and Industry...

Published 09 Nov, 2024 06:36am

Reko Diq Mining Co to utilise PIBT’s terminal

KARACHI: The Reko Diq Mining Company (Private) Limited has identified and approached Pakistan International Bulk...

Published 09 Nov, 2024 06:36am

Maize can help country fetch over $1bn annually: experts

KARACHI: With rising global demand, Pakistan’s maize holds immense potential to surpass a billion dollars in ...

Published 09 Nov, 2024 06:36am

Industry

Customs, rail, airport, maritime sectors: Four MoUs signed with UAE

ISLAMABAD: Pakistan and the United Arab Emirates (UAE) on Friday signed four MoUs in sectors such as customs, rail...

Published 09 Nov, 2024 06:36am

Industry

‘PBA is committed to supporting green financing solutions’

KARACHI: Muneer Kamal, CEO and General Secretary, Pakistan Banks’ Association (PBA) has said that PBA committed to...

Published 09 Nov, 2024 06:36am

Industry

Labour laws must ensure protection & welfare of workers: LCCI president

LAHORE: Labour laws should strike a delicate balance, ensuring the protection and welfare of workers while also...

Published 09 Nov, 2024 06:36am

Companies

Meezan Bank partners with Trifit Gym

KARACHI: Meezan Bank, Pakistan’s leading Islamic bank, has recently entered into an exclusive partnership with...

Published 09 Nov, 2024 06:36am

Companies

Ipsos unveils Global Trends at HBL Tower Karachi

KARACHI: Ipsos, a global leader in market research, launched its flagship survey “Ipsos Global Trends” at the ...

Published 09 Nov, 2024 06:36am

Money & Banking

US dollar on track for weekly gain

NEW YORK: The dollar rose on Friday and was heading for a slight weekly gain as investors evaluated the likely ...

Published 09 Nov, 2024 06:36am

Money & Banking

Asian currencies rise

BENGALURU: The Philippine’s peso and equities fell on Friday as investors weighed security and trade implications...

Published 09 Nov, 2024 06:36am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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