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businesses

Aurangzeb vows to overhaul tax machinery

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb has reiterated the government’s...

Updated 21 Dec, 2024 02:47pm

Business & Finance

2nd ‘Mera Brand Pakistan’ fair on Jan 18-19

KARACHI: Second “Mera Brand Pakistan” exhibition is scheduled to take place on January 18-19, 2025, at the...

Published 13 Dec, 2024 06:29am

Business & Finance

Schehzad delineates key macro economic achievements

ISLAMABAD: Advisor to Finance Minister on Economic and Financial Reforms, Khurram Schehzad said inflation was...

Published 06 Dec, 2024 06:58am

Business & Finance

LCCI urges cellular companies to resolve networking issues

LAHORE: The Lahore Chamber of Commerce and Industry Tuesday urged cellular companies to resolve networking issues as...

Published 27 Nov, 2024 07:30am

Business & Finance

Capital markets, regulated businesses: SECP continues to maintain effective oversight

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), through its centralised supervision function,...

Published 26 Nov, 2024 07:40am

Business & Finance

Women Entrepreneurship Day: JazzCash aims to empower 300K women-led businesses, freelancers by 2027

KARACHI: Pakistan’s leading fintech, JazzCash, aims to empower over 300,000 women-led businesses and women...

Published 20 Nov, 2024 07:28am

Business & Finance

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

Business & Finance

NIC hosts Connect 2024, bringing Pakistan’s thriving startup ecosystem into spotlight

ISLAMABAD: The National Incubation Center (NIC), on Thursday, showcased local innovation, bringing Pakistan’s...

Published 08 Nov, 2024 07:10am

Pakistan

Parachinar-Tal Hangu road closure enters 30th day: Offices, businesses remain closed in Parachinar

ISLAMABAD: Educational institutions, offices, and businesses in Parachinar remained closed on Wednesday to mourn the...

Published 07 Nov, 2024 06:16am

Opinion

When business starts politicking

“I want to leave, it is getting too political”. “I cannot breathe, it is choking”. “Nothing I say gets...

Published 06 Nov, 2024 07:12am

Opinion

Is it really ‘none of your business’?

‘Mind your own business’. ‘What is personal is not professional’. ‘Do not mix business with pleasure’. These are...

Published 30 Oct, 2024 06:32am

Pakistan

Miftah says ‘complete overhaul of system is essential’

HYDERABAD: Former Federal Finance Minister Miftah Ismail has said that reforming Pakistan under the current system ...

Published 28 Oct, 2024 06:21am

Business & Finance

Businesses can expand their presence in EU market through Belgium: envoy

LAHORE: Belgium serves as a gateway to Europe which is a valuable opportunity for Pakistani businesses to expand...

Updated 24 Oct, 2024 07:38am

Opinion

Squeezing lemons: the fallout of lazy reforms

The government is resorting to lazy reforms, putting pressure on the known and compliant while ignoring systemic...

Published 21 Oct, 2024 06:44am

Tax returns filed by CFOs: FBR lifts affidavit filing condition

ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn a major condition of filing of affidavits (tax period...

Updated 18 Oct, 2024 09:25am

Business & Finance

Minister for tax reforms to promote business growth

LAHORE: Punjab Finance Minister Mian Mujtaba Shuja-ur-Rehman noted the disparities in the tax burden, saying that...

Published 18 Oct, 2024 06:10am

Pakistan

Security for SCO summit: Businesses, main roads remain closed for third consecutive day

ISLAMABAD: All the businesses and main roads in the twin cities remained closed on Wednesday for the third...

Updated 17 Oct, 2024 09:02am

Pakistan

Chinese premier lands amid security lockdown

ISLAMABAD: Capital was under strict security lockdown as Chinese Premier Li Qiang landed in the city on Monday ahead...

Published 15 Oct, 2024 06:47am

Business & Finance

UBG chief says SCO summit to boost trade, investment inflows

KARACHI: President United Business Group (UBG) Zubair Tufail, other leaders Khalid Tawab, Hanif Gohar, and Syed...

Published 13 Oct, 2024 06:46am

Business & Finance

President urges businesses to invest in Stock Exchange

ISLAMABAD: In order to improve the country’s economy, President Asif Ali Zardari has called for providing a...

Published 09 Oct, 2024 08:16am

14 business categories: FTO issues notice to FBR on compulsory integration

ISLAMABAD: The Federal Tax Ombudsman (FTO) has ordered an investigation against the Federal Board of Revenue (FBR)...

Updated 07 Oct, 2024 09:41am

World Bank places Pakistan in 4th quintile

With respect to operational efficiency, Pakistan with a score of 65.90 is placed in the third quintile i.e. these economies exhibit a mix of strengths and weaknesses in their business environment

Updated 05 Oct, 2024 12:52pm

Business & Finance

High tax rates, spiraling costs forcing Pakistan’s major companies to pursue the layoff route

KARACHI: High tax rates and spiraling costs have compelled major listed corporations in Pakistan to reduce headcount...

Updated 01 Oct, 2024 02:00pm

Business & Finance

Govt urged to facilitate traders after successful IMF talks

LAHORE: United Business Group (UBG) Patron-in-Chief S M Tanveer has urged the government to facilitate the business...

Published 27 Sep, 2024 07:21am

Opinion

Stunted governance, stunted economy

Even after 60 years of financial market development, the local companies are still a small part of the market at...

Published 26 Sep, 2024 06:48am

‘PBS capacity building, data digitization vital for service delivery’

PESHAWAR: Advisor to KP CM on Finance, Dr Muzammil Aslam has underscored the critical need for enhancing the...

Updated 23 Sep, 2024 08:47am

PM forms panel to shape policy guidelines on reform process

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a four-member committee on Regulatory Reforms (CCoRR) to...

Updated 21 Sep, 2024 02:46pm

FBR considering traders’ new proposal to collect advance tax

FBR has also agreed to reduce the upper slabs of fixed tax of Rs 60,000 to a reasonable level

Updated 10 Sep, 2024 12:57pm

Business & Finance

Need stressed for integrating respect of human rights into business practices

PESHAWAR: Representatives from the United Nations Development Programme (UNDP) and the Federation of Pakistan...

Published 09 Sep, 2024 07:03am

Aurangzeb explains steps to stabilise economy

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a virtual meeting with Juland...

Updated 06 Sep, 2024 08:54am

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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

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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