News Archives for Business & Finance - 2024-11-17

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Business & Finance - 2024-11-17

Business & Economy

Pakistan discusses $7bn bailout reform agenda with IMF in unusual talks

Reforms in taxation, energy sector, privatisation of loss-making SOEs and public finance came under discussion, finance minister says

Updated 17 Nov, 2024 11:18pm

Stocks

Most Gulf markets fall on Fed rate cut concerns

Most Gulf stock markets fell on Sunday after U.S economic data and comments from Federal Reserve officials pointed...

Published 17 Nov, 2024 07:46pm

Tata seals deal with Pegatron for iPhone plant in India’s Tamil Nadu, sources say

NEW DELHI: India’s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron’s...

Updated 17 Nov, 2024 11:07pm

China’s commerce minister met Canadian trade minister to discuss tariffs

BEIJING: Chinese Commerce Minister Wang Wentao on Saturday met with Canadian Trade Minister Mary Ng in Peru to...

Published 17 Nov, 2024 10:45am

Energy

Russia cuts gas to Austria in payment dispute, keeps EU flows

MOSCOW: Russia halted gas supplies to Austria on Saturday in a dispute over payments but was still pumping steady...

Published 17 Nov, 2024 05:55am

Industry

Objections raised on Amendment to Petroleum Act 1934

KARACHI: Atif Ikram Sheikh, President FPCCI, has apprised that Abdul Ali Khan, Director General of Explosives, has...

Published 17 Nov, 2024 05:53am

Taxes

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

Industry

LCCI, UBL organize seminar on ‘Women Entrepreneurship Day’

LAHORE: A seminar in connection with Women Entrepreneurship Day and campaign to enhance access to finance for women...

Published 17 Nov, 2024 05:36am

Europe

Farmers target PM Starmer in protest against new UK tax rules

LONDON: Hundreds of farmers, many in tractors, gathered in Wales on Saturday to protest against UK Prime Minister...

Published 17 Nov, 2024 05:10am

Taxes

Fraudsters including FBR guard held for illegal search

ISLAMABAD: A group of fraudsters including an armed guard of Inland Revenue, Federal Board of Revenue ((FBR) has ...

Published 17 Nov, 2024 05:10am

KP governor inaugurates uplift projects in DI Khan

DERA ISMAIL KHAN: Khyber Pakhtunkhwa Governor Faisal Karim Kundi inaugurated the newly completed development ...

Published 17 Nov, 2024 05:10am

Taxes

PRA tightens grip on wedding halls, event complexes

LAHORE: The Punjab Revenue Authority (PRA) has tightened its grip on wedding halls and event complexes in Lahore by...

Published 17 Nov, 2024 05:10am

Energy

Oil weaker on uncertainty over Fed rate cut

HOUSTON: Oil prices settled down more than 2% on Friday as investors fretted about weaker Chinese demand and a...

Updated 17 Nov, 2024 07:33am

Taxes

Former Senior VP FPCCI underscores need for urgent tax reforms

KARACHI: Syed Mazhar Ali Nasir,former Senior Vice President of the Federation of Chambers of Commerce and Industry...

Published 17 Nov, 2024 05:10am

Commodities

Prices of kitchen items show upward trend

ISLAMABAD: The prices of majority of essential kitchen items witnessed an upward trend during the week past as...

Updated 17 Nov, 2024 06:14am

Energy

HSD, petrol prices unchanged: Govt reduces adjustments in exchange rate, IFEM components

ISLAMABAD: The government has decided against implementing a significant increase in fuel prices as recommended by...

Published 17 Nov, 2024 05:10am

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
Petrol/Litre / Nov 23	248.38
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Diesel/Litre / Nov 23	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 23 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 23 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 23 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 23 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 23 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 23 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 23 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 23 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 23 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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