News Archives for Business & Finance - 2024-12-14 - Business Recorder

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اردو

Dec 14, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Business & Finance - 2024-12-14

China’s GDP growth expected around 5% this year, senior official says

South Asia

China’s GDP growth expected around 5% this year, senior official says

BEIJING: China’s economy is expected to grow by about 5% this year, the deputy director of the country’s central...

Published 14 Dec, 2024 10:05am

CCP approves acquisition of assets of M/s JKSML by M/s NBC

Companies

CCP approves acquisition of assets of M/s JKSML by M/s NBC

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of assets of M/s JK Sugar Mills...

Published 14 Dec, 2024 08:59am

Chinese company to set up battery manufacturing plant in Punjab

Companies

Chinese company to set up battery manufacturing plant in Punjab

LAHORE: A Chinese lithium battery manufacturing company has announced to set up a plant in Punjab and an agreement...

Published 14 Dec, 2024 08:57am

Solar financing for Acumen: Infra Zamin and Saudi Pak ink Rs1.28bn landmark deal

Companies

Solar financing for Acumen: Infra Zamin and Saudi Pak ink Rs1.28bn landmark deal

KARACHI: Infra Zamin Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark...

Published 14 Dec, 2024 08:42am

Grand National Olive Gala inaugurated

Agriculture and Allied

Grand National Olive Gala inaugurated

ISLAMABAD: Minister for National Food Security and Research (MNFS&R) Rana Tanveer Hussain inaugurated the Grand...

Published 14 Dec, 2024 08:12am

Indonesia wants to promote trade with Pakistan: CG

Indonesia wants to promote trade with Pakistan: CG

KARACHI: Indonesian Acting Consul General Teguh Wiweko is optimistic about the potential for promoting trade between...

Published 14 Dec, 2024 08:10am

KATI urges SBP to cut policy rate by 500bps

KATI urges SBP to cut policy rate by 500bps

KARACHI: President of the Korangi Association of Trade and Industry (KATI), Junaid Naqi Friday urged the State Bank...

Published 14 Dec, 2024 08:09am

Kohat Textile Mills installs 3MW new solar plant

Companies

Kohat Textile Mills installs 3MW new solar plant

PESHAWAR: Kohat Textile Mills Limited, a subsidiary of the Saif Group has installed 3 megawatts additional solar...

Published 14 Dec, 2024 08:07am

Use of AI: Minister for global regulatory framework

Use of AI: Minister for global regulatory framework

ISLAMABAD: Federal Minister for Information Attaullah Tarar emphasised the need for a global regulatory framework to...

Published 14 Dec, 2024 07:55am

World Bank approves $240m for Karachi’s water & sanitation project

World Bank approves $240m for Karachi’s water & sanitation project

KARACHI: The World Bank has approved $240 million to improve water and sewerage services in Karachi through the...

Published 14 Dec, 2024 07:34am

BoK partners with Peshawar General Hospital

Companies

BoK partners with Peshawar General Hospital

PESHAWAR: Bank of Khyber (BoK) has taken another step toward promoting financial inclusion by signing a Memorandum ...

Published 14 Dec, 2024 06:46am

PM orders reduction in power tariffs

Energy

PM orders reduction in power tariffs

ISLAMABAD: In a bid to bring down the soaring electricity tariffs, Prime Minister Shehbaz Sharif directed the...

Published 14 Dec, 2024 06:46am

MPS on Monday

MPS on Monday

KARACHI: The Monetary Policy Committee (MPC) of the SBP will meet on Monday (Dec 16) 2024 to decide the monetary...

Published 14 Dec, 2024 06:46am

Sufficient fertiliser stock available

Agriculture and Allied

Sufficient fertiliser stock available

ISLAMABAD: A high-level Cabinet Committee has observed on Friday that there are sufficient and stable stocks of...

Published 14 Dec, 2024 06:46am

SPI-based inflation rises slightly

Statistics

SPI-based inflation rises slightly

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended December 12, 2024, increased by 0.07...

Published 14 Dec, 2024 06:46am

Dollar heads for strongest week in a month

Money & Banking

Dollar heads for strongest week in a month

NEW YORK: The dollar headed for its best weekly performance in a month on Friday, as investors priced in the...

Published 14 Dec, 2024 06:46am

Asian currencies weaken on dollar strength

Money & Banking

Asian currencies weaken on dollar strength

BENGALURU: Asian emerging market currencies dropped on Friday as the US dollar and treasury yields strengthened ...

Published 14 Dec, 2024 06:46am

Increase in sugar price: PSMA-PZ denies reports

Industry

Increase in sugar price: PSMA-PZ denies reports

LAHORE: Pakistan Sugar Mills Association (Punjab Zone) stated that baseless rumors are being spread by speculators...

Published 14 Dec, 2024 06:46am

PRGMEA recognises issue of Scope 3 gas emissions

Industry

PRGMEA recognises issue of Scope 3 gas emissions

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has recognized the urgency...

Published 14 Dec, 2024 06:46am

Electricity bills: LCCI for withdrawing fixed charges, reducing taxes

Industry

Electricity bills: LCCI for withdrawing fixed charges, reducing taxes

LAHORE: The Lahore Chamber of Commerce & Industry has demanded of the government to withdraw fixed charges and...

Published 14 Dec, 2024 06:46am

Huawei to help Punjab govt transform Lahore into ‘modern digital city’

Huawei to help Punjab govt transform Lahore into ‘modern digital city’

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif spent a busy 5th day during her China visit, as she visited Huawei...

Published 14 Dec, 2024 06:46am

PAA chairman receives AFAA Award

Industry

PAA chairman receives AFAA Award

KARACHI: Ahmed Kapadia, Chairman of the Pakistan Advertising Association (PAA) and Synergy Group, received the...

Published 14 Dec, 2024 06:46am

Tanveer advocates 500 basis points cut in policy rate

Tanveer advocates 500 basis points cut in policy rate

LAHORE: S M Tanveer, Patron-in-Chief UBG-BMPP, has urged the government to support economic growth by reducing ...

Published 14 Dec, 2024 06:46am

PSX sees seven IPOs in 2024, highest in last three years

PSX sees seven IPOs in 2024, highest in last three years

KARACHI: Pakistan Stock Exchange (PSX) saw an increase in listing of new companies in 2024, with the bourse...

Published 14 Dec, 2024 06:46am

Trade leader says concerned at internet slowdown

Trade leader says concerned at internet slowdown

KARACHI: Chairman of National Business Group Pakistan, President of the Pakistan Businessmen and Intellectuals ...

Published 14 Dec, 2024 06:46am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 13	278.15
USD PKR Interbank Buying / Dec 13	277.95
USD to Japanese Yen / Dec 13	153.65
USD to Swiss Franc / Dec 13	0.89
Pound Sterling to USD / Dec 13	1.26
Euro to USD / Dec 13	1.05

Stock	Volume
S&P 500 / Dec 13	6,051.09
India Sensex / Dec 13	82,133.12
Tokyo Nikkei / Dec 13	39,470.44
Nasdaq / Dec 13	19,926.72
Hang Seng / Dec 13	19,971.24
FTSE 100 / Dec 13	8,300.33
Dow Jones / Dec 13	44,828.06
Germany DAX 30 / Dec 13	20,405.92

Item	Value
Crude Oil USD/Barrel / Dec 13	71.29
Karachi Cotton PKR/37.32 KG / Dec 13	17,585
Gold 10 Grams PKR / Dec 13	242,373.80
Gold Spot USD/Ounce / Dec 13	2,648.23
Cotton US¢/pound / Dec 13	69.27
Petrol/Litre / Dec 14	252.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 13 786 Investments Limited(786)	8.07 ▲ 1.00 (14.14%)
F.Credit & Inv / Dec 13 First Credit and Investment Bank Limited(FCIBL)	8.69 ▲ 1.00 (13.00%)
LSE Financial Serv. / Dec 13 LSE Financial Services Limited(LSEFSL)	15.14 ▲ 1.38 (10.03%)
United Brands / Dec 13 United Brands Limited(UBDL)	24.84 ▲ 2.26 (10.01%)
Arpak Int. / Dec 13 Arpak International Investments Ltd.(ARPAK)	76.32 ▲ 6.94 (10.00%)
Biafo Ind. / Dec 13 Biafo Industries Limited(BIFO)	190.43 ▲ 17.31 (10.00%)
Data Agro / Dec 13 Data Agro Limited(DAAG)	104.61 ▲ 9.51 (10.00%)
Fecto Cement / Dec 13 Fecto Cement Limited(FECTC)	120.47 ▲ 10.95 (10.00%)
Honda Atlas Cars / Dec 13 Honda Atlas Cars (Pakistan) Limited(HCAR)	336.11 ▲ 30.56 (10.00%)

Stock	Price
First Capital Equities / Dec 13 First Capital Equities Limited(FCEL)	5 ▼ -0.76 (-13.19%)
Blue-Ex Ltd / Dec 13 Blue-Ex Limited (GEM)(GEMBLUEX)	32.99 ▼ -3.66 (-9.99%)
Crescent Fib. / Dec 13 Crescent Fibres Limited(CFL)	39.60 ▼ -4.37 (-9.94%)
Mughal Energy / Dec 13 Mughal Energy Limited(GEM)(GEMMEL)	21 ▼ -1.65 (-7.28%)
Askari Bank / Dec 13 Askari Bank Limited(AKBL)	37.56 ▼ -2.93 (-7.24%)
First AL-Noor Mod. / Dec 13 First Al-Noor Modaraba(FANM)	3.25 ▼ -0.24 (-6.88%)
First Elite Cap.Mod / Dec 13 First Elite Capital Modaraba(FECM)	6.45 ▼ -0.45 (-6.52%)
Haseeb Waqas / Dec 13 Haseeb Waqas Sugar Mills Limited(HWQS)	12.01 ▼ -0.83 (-6.46%)
K.S.B.Pumps / Dec 13 KSB Pumps Company Limited(KSBP)	151 ▼ -9.98 (-6.20%)

Stock	Volume
WorldCall Telecom / Dec 13 Worldcall Telecom Limited(WTL)	232,925,553 ▼ -0.01
Cnergyico PK / Dec 13 Cnergyico PK Limited(CNERGY)	80,186,381 ▼ -0.14
Pak Int.Bulk / Dec 13 Pakistan International Bulk Terminal(PIBTL)	75,005,438 ▲ 0.61
K-Electric Ltd. / Dec 13 K-Electric Limited(KEL)	59,689,845 ▲ 0.06
Fauji Foods Ltd / Dec 13 Fauji Foods Limited(FFL)	49,273,861 ▼ -0.03
Treet Corp / Dec 13 Treet Corporation Limited(TREET)	47,769,775 ▲ 2.23
Lotte Chemical / Dec 13 Lotte Chemical Pakistan Limited(LOTCHEM)	45,989,291 ▼ -1.12
Sui South Gas / Dec 13 Sui Southern Gas Company Limited(SSGC)	38,442,527 ▼ -1.06
Power Cement / Dec 13 Power Cement Limited(POWER)	37,680,570 ▲ 0.57

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OGDCL discovers hydrocarbon reserves in Khyber Pakhtunkhwa

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Google: what did Pakistanis ask the search engine in 2024

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World Bank approves $240mn for WASH services in Karachi

World Bank approves $240mn for WASH services in Karachi

Over 50 Chinese cos to invest $1.4bn in Sindh projects

Over 50 Chinese cos to invest $1.4bn in Sindh projects

FBR: Messing up a messy law

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KSE-100 rebounds after over 1,500-point intra-day loss, closes in the green

KSE-100 rebounds after over 1,500-point intra-day loss, closes in the green