News Archives for Business & Finance - 2024-12-21

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Business & Finance - 2024-12-21

South Asia

India’s tax panel rejects airlines’ call to add aviation fuel to GST regime

NEW DELHI: An Indian government panel has rejected an airline industry proposal for aviation fuel to be brought...

Published 21 Dec, 2024 09:41pm

Sherry Rehman urges stakeholders to incentivise EV buyers to overcome climate change impacts

Senator and Chairperson, Standing Committee on Climate Change, Sherry Rehman warned on Saturday the transport-born...

Updated 21 Dec, 2024 07:22pm

Companies

Honda and Nissan consider mutual production of vehicles

TOKYO: Honda and Nissan are considering producing vehicles in one another’s factories as part of their talks to...

Published 21 Dec, 2024 01:03pm

Companies

Google counters bid by US to force sale of Chrome

SAN FRANCISCO: Google late Friday countered a US call to sell its Chrome browser, suggesting a judge address...

Published 21 Dec, 2024 11:16am

Energy

Ogra notifies RLNG price cut for SNGPL, SSGCL

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Friday notified 2.72 percent and 1.99 percent RLNG price...

Published 21 Dec, 2024 08:37am

Companies

Interest-free loans for women: P&G Pakistan, Imtiaz Group, and Akhuwat Islamic Microfinance sign MoU

KARACHI: P&G Pakistan, Imtiaz Group - Pakistan’s largest retailer and Akhuwat Islamic Microfinance, a leading...

Published 21 Dec, 2024 08:33am

Money & Banking

Asian currencies: Ringgit extends fall to 10th session

BENGALURU: Asian currencies and stocks lost more ground on Friday and were poised to close the week lower, as a...

Published 21 Dec, 2024 08:24am

Money & Banking

Indian rupee hits record low

MUMBAI: The Indian rupee slipped to its all-time low on Friday before turning course to end modestly higher, aided ...

Published 21 Dec, 2024 08:23am

Money & Banking

Dollar retreats from two-year high

NEW YORK: The US dollar retreated from a two-year high on Friday, but was heading for its third consecutive week of...

Published 21 Dec, 2024 08:22am

ICAP marks 10th National Finance Olympiad

KARACHI: The Institute of Chartered Accountants of Pakistan (ICAP) is proud to mark a milestone with the grand...

Published 21 Dec, 2024 06:24am

Polish co plans to double investments in Pakistan: envoy

ISLAMABAD: Poland’s Ambassador Maciej Pisarski on Friday said Poland Oil and Gas Company (POGC) had invested over...

Published 21 Dec, 2024 06:24am

BISP holds event in connection with Quaid’s birthday, Christmas

ISLAMABAD: BISP organised a ceremony to celebrate Christmas, and the birthday of Quaid-e-Azam Muhammad Ali Jinnah, a...

Published 21 Dec, 2024 06:24am

Business-friendly environment: Speed up work on regulatory reform, PM tells officials

ISLAMABAD: As Pakistan is desperately seeking to enhance foreign investment, Prime Minister Shehbaz Sharif was...

Published 21 Dec, 2024 06:24am

Weekly SPI inflation up 0.38pc

ISLAMABAD: The Sensitive Price Index-based inflation for the week ended December 19, 2024, increased by 0.38 per ...

Published 21 Dec, 2024 06:24am

Punjab govt to provide all support for Quaid-e-Azam Business Park

LAHORE: Punjab Industries and Commerce Minister Chaudhry Shafay Hussain has said that the Punjab government will...

Published 21 Dec, 2024 06:24am

Iranian CG hopes strong trade ties with Pakistan

LAHORE: Acting Consul General of Iran Ali Asghar Yeckdeleh has hoped that bilateral trade and economic ties between...

Published 21 Dec, 2024 06:24am

Industry

Deceptive marketing practices: CCP imposes Rs170m penalties on two frozen dessert makers

ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed significant penalties on two leading frozen...

Published 21 Dec, 2024 06:24am

Industry

Businessmen Panel for reducing cost of doing business

KARACHI: Anjum Nisar, Patron-in-Chief of the Businessmen Panel, has called on the federal government to take ...

Updated 21 Dec, 2024 09:23am

Delegation representing capital markets visits China, signs MoUs

KARACHI: A high-level delegation from Pakistan’s capital markets, led by Akif Saeed, Chairman of the Securities ...

Published 21 Dec, 2024 06:24am

Insurance firm fails to challenge SECP powers

LAHORE: An insurance company has failed to challenge the powers of Securities and Exchange Commission of Pakistan...

Published 21 Dec, 2024 06:24am

Taxes

Tax Laws (Amendment) Bill, 2024: comments

Concept of an eligible person introduced [Section 114C(5)(B)]

Updated 21 Dec, 2024 07:09am

Companies

Digital payment solution: Standard Chartered Bank Pakistan signs MoU with Haball

KARACHI: Standard Chartered Bank (Pakistan) Limited (“Standard Chartered”) has partnered with Haball, the ...

Published 21 Dec, 2024 06:24am

Industry

PRA cracks down on unregistered restaurants

LAHORE: The Punjab Revenue Authority (PRA) has intensified its efforts to install Electronic Invoice Monitoring...

Published 21 Dec, 2024 06:24am

Companies

CBD Punjab welcomes mixed-use skyscraper Zameen ARX

LAHORE: Zameen Developments, the sister company of Pakistan’s leading real estate platform Zameen.com, unveiled ...

Published 21 Dec, 2024 06:24am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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