News Archives for Business & Finance - 2024-12-07

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Business & Finance - 2024-12-07

Bullion Rate

Gold price per tola decreases Rs300 in Pakistan

Gold prices in Pakistan decreased on Saturday in line with their decline in the international rate. In the local...

Published 07 Dec, 2024 03:30pm

Industry

PTA enables VPN registration for freelancers via mobile numbers

In a bid to facilitate the IT sector, the Pakistan Telecommunication Authority (PTA) has allowed freelancers to...

Updated 07 Dec, 2024 07:46pm

Business & Economy

Remittances to hit $35bn in FY25: Finance Minister

Aurangzeb says market forces are determining exchange rate

Updated 07 Dec, 2024 06:02pm

Industries & Sectors

‘Creeping coup’: In Pakistan, lack of internet access is costing livelihoods

KARACHI: A protest by thousands in Pakistan’s capital last month demanding the release of jailed former Prime...

Updated 07 Dec, 2024 04:45pm

Currency

China’s November FX reserves rise unexpectedly to $3.266 trillion

SHANGHAI: China’s foreign exchange reserves increased in November, official data showed on Saturday, defying market...

Published 07 Dec, 2024 10:00am

Bullion Rate

China’s central bank resumes gold purchases after six-month hiatus in Nov

SHANGHAI: China’s central bank resumed buying gold for its reserves in November after a six-month pause, official...

Published 07 Dec, 2024 09:57am

Money & Banking

Asian currencies: Won posts weekly loss, Thai baht up

BENGALURU: The South Korean won and shares plummeted on Friday following fresh reports of a potential second martial...

Published 07 Dec, 2024 08:13am

Money & Banking

US dollar mixed after jobs data

NEW YORK: The US dollar was mixed on Friday after data showed the unemployment rate in the world’s largest economy...

Published 07 Dec, 2024 08:13am

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

Jam Kamal vows to boost trade in Balochistan

QUETTA: Federal Minister for Commerce and Industries Jam Kamal Khan on Friday vowed to boost trade activities,...

Published 07 Dec, 2024 06:51am

Digital connectivity: Engro teams up with Jazz and VEON

KARACHI: Engro Corporation on Friday announced a strategic partnership with Pakistan Mobile Communications Limited...

Published 07 Dec, 2024 06:51am

Ahsan, GM China Energy International discuss 21 mega projects

ISLAMABAD: Federal Minister Ahsan Iqbal, Friday, held a meeting with general manager of China Energy International...

Published 07 Dec, 2024 06:51am

CS underscores need for introducing advance MVT payment option

KARACHI: Chief Secretary Sindh Asif Hyder Shah has proposed introducing an option for taxpayers to pay motor vehicle...

Published 07 Dec, 2024 06:51am

SMEs: SMEDA, PBA to enhance access to finance

LAHORE: The Small and Medium Enterprises Development Auth ority (SMEDA) and Pakistan Banks’ Association (PBA) ...

Published 07 Dec, 2024 06:51am

Industry

Orangi cottages industrial area: Traders demand end to power outages

KARACHI: Small traders on Friday demanded for an immediate end to power outages in Orangi Town’s cottages...

Published 07 Dec, 2024 06:51am

Companies

UAF, Pak Suzuki Motor ink agreement

FAISALABAD: The University of Agriculture Faisalabad and Pak Suzuki Motor Co. Ltd. have inked an agreement to...

Published 07 Dec, 2024 06:51am

Industry

Alternative oils: PVMA chief urges govt to cut duties

KARACHI: The Chairman Pakistan Vanaspati Manufacturers Association (PVMA) Sheikh Umer Rehan has called on the...

Published 07 Dec, 2024 06:51am

Industry

‘Capping of prices may cause closure of poultry farms’

LAHORE: The Pakistan Poultry Association (Northern Region) has issued a strong warning to the Punjab government that...

Updated 07 Dec, 2024 08:41am

Industry

PITB & GCCI ink MoU on provision of jobs

LAHORE: The Punjab Information Technology Board’s (PITB) Punjab Job Center and the Gujranwala Chamber of Commerce...

Published 07 Dec, 2024 06:51am

Stocks

Meta shares hit record high after US appeals court upholds TikTok ban

NEW YORK: Shares of Facebook-owner Meta Platforms hit a record high on Friday after a U.S. appeals court upheld a...

Published 07 Dec, 2024 01:34am

USA

Fed seen poised to cut rates this month, debate 2025 pause

CHICAGO/PALO ALTO: Federal Reserve officials appear on track to cut interest rates this month after data showed the...

Published 07 Dec, 2024 01:29am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 7	278.70
USD PKR Interbank Buying / Jan 7	278.50
USD to Japanese Yen / Jan 7	157.53
USD to Swiss Franc / Jan 7	0.90
Pound Sterling to USD / Jan 7	1.26
Euro to USD / Jan 7	1.04

Stock	Volume
S&P 500 / Jan 6	5,975.38
Nasdaq / Jan 6	19,864.98
Dow Jones / Jan 6	42,706.56
India Sensex / Jan 7	78,237.48
Tokyo Nikkei / Jan 7	40,083.30
Hang Seng / Jan 7	19,402.37
FTSE 100 / Jan 7	8,213.82
Germany DAX 30 / Jan 7	20,154.11

Item	Value
Gold 10 Grams PKR / Jan 6	234,225
Petrol/Litre / Jan 7	252.66
Crude Oil USD/Barrel / Jan 7	73.37
Karachi Cotton PKR/37.32 KG / Jan 7	18,285
Gold Spot USD/Ounce / Jan 7	2,639.74
Diesel/Litre / Jan 7	258.34

Gainers
Losers
Leaders

Stock	Price
Paramount Mod / Jan 7 First Paramount Modaraba(FPRM)	9.27 ▲ 1.00 (12.09%)
Bilal Fibres / Jan 7 Bilal Fibres Limited(BILF)	16.56 ▲ 1.51 (10.03%)
D.M. Textile / Jan 7 D.M. Textile Mills Limited(DMTX)	55.30 ▲ 5.03 (10.01%)
Shadman Cotton / Jan 7 Shadman Cotton Mills Limited(SHCM)	32.43 ▲ 2.95 (10.01%)
AN Textile Mill / Jan 7 AN Textile Mills Limited(ANTM)	11.55 ▲ 1.05 (10.00%)
Engro Holdings Ltd / Jan 7 Engro Holdings Limited(ENGROH)	261.71 ▲ 23.79 (10.00%)
Blue-Ex Ltd / Jan 7 Blue-Ex Limited (GEM)(GEMBLUEX)	62.03 ▲ 5.64 (10.00%)
JDW Sugar / Jan 7 JDW Sugar Mills Limited(JDWS)	822.68 ▲ 74.79 (10.00%)
Apna Microfin. / Jan 7 Apna Microfinance Bank Limited(AMBL)	11.01 ▲ 1.00 (9.99%)

Stock	Price
First Capital Equities / Jan 7 First Capital Equities Limited(FCEL)	6.12 ▼ -0.84 (-12.07%)
Ghani Chem. Ind. / Jan 7 Ghani Chemical Industries Limited(GCIL)	16.17 ▼ -1.80 (-10.02%)
Ali Asghar / Jan 7 Ali Asghar Textile Mills Limited(AATM)	85.62 ▼ -9.51 (-10.00%)
Frontier Ceram / Jan 7 Frontier Ceramics Limited(FRCL)	26.90 ▼ -2.99 (-10.00%)
Hallmark Co. / Jan 7 Hallmark Company Limited(HCL)	852.52 ▼ -94.70 (-10.00%)
Karam Ceramics / Jan 7 Karam Ceramics Limited(KCL)	53.55 ▼ -5.95 (-10.00%)
Liven Pharma / Jan 7 Liven Pharma Limited(LIVEN)	198.37 ▼ -22.04 (-10.00%)
Pak Gulf Leasing / Jan 7 Pak-Gulf Leasing Company Limited(PGLC)	22.68 ▼ -2.52 (-10.00%)
Suhail Jute / Jan 7 Suhail Jute Mills Limited(SUHJ)	173.76 ▼ -19.31 (-10.00%)

Stock	Volume
Cnergyico PK / Jan 7 Cnergyico PK Limited(CNERGY)	83,169,417 ▼ -0.07
WorldCall Telecom / Jan 7 Worldcall Telecom Limited(WTL)	76,471,722 ▲ 0.06
Fauji Foods Ltd / Jan 7 Fauji Foods Limited(FFL)	47,302,289 ▼ -0.35
Fast Cables / Jan 7 Fast Cables Limited(FCL)	41,206,673 ▼ -1.15
K-Electric Ltd. / Jan 7 K-Electric Limited(KEL)	39,741,297 ▲ 0.02
Pak Refinery / Jan 7 Pakistan Refinery Limited(PRL)	35,279,026 ▼ -2.01
Sui South Gas / Jan 7 Sui Southern Gas Company Limited(SSGC)	30,775,787 ▼ -1.66
Pak Elektron / Jan 7 Pak Elektron Limited(PAEL)	30,582,564 ▲ 0.22
Symmetry Group / Jan 7 Symmetry Group Limited(SYM)	28,673,030 ▼ -0.18

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