Trends - Hafeez Sheikh - Business Recorder

Hafeez Sheikh

PARTLY FACETIOUS: Lies are outright lies…

“So what do you reckon? Lies, half-truths or full truth - no, no…that simply is not an option.” “In a world...

Published 03 Aug, 2024 06:46am

Opinion

Aurangzeb: legitimate expectations?

Expectations are extremely high with the appointment of Muhammad Aurangzeb as finance minister on 11 March 2024 – ...

Published 18 Mar, 2024 04:56am

Opinion

PARTLY FACETIOUS: Appointment of yet another revolving finance minister

“I was saddened.” “By what?” “The appointment of yet another revolving finance minister.” “Hey look at...

Published 24 Aug, 2023 06:22am

Opinion

PARTLY FACETIOUS: Dar doesn’t like qualified economists

“Ishaq Dar says that he has to fix the economy that was mishandled by the inexperienced Khan administration.”...

Published 17 Feb, 2023 06:00am

Opinion

PARTLY FACETIOUS: Journalists and generalists

“We are a nation of generalists.” “I don’t get you.” “We have a law minister who has a commerce degree,...

Published 30 Nov, 2022 05:53am

Opinion

PARTLY FACETIOUS: ZB does receive some spiritual guidance

“So any lessons learned?” “As a race we Pakistanis are not given to learning any lessons from our mistakes or...

Published 18 Nov, 2022 05:53am

Opinion

Has Ishaq Dar lost his magic?

Statesmanship demands maintaining a delicate balance between economy and politics. Unfortunately, the scales world...

Published 24 Oct, 2022 05:45am

Opinion

PARTLY FACETIOUS: Our finance ministers

“We have had five finance ministers, not including The Khan’s Interim man Hammad Azhar, so any commonalities...

Published 15 Oct, 2022 05:38am

Opinion

PARTLY FACETIOUS: A conspiracy is brewing…

“I have it on good authority that a conspiracy is brewing.” “Against The Khan again! I mean…” ...

Published 01 Jul, 2022 06:13am

Opinion

PARTLY FACETIOUS: A gag order may work better

“The Boy Who Cried Wolf.” “That Boy fooled his village people three times right and then was eaten by the...

Published 09 Jun, 2022 06:18am

Pakistan

Court issues notice to NAB in reference against Hafeez Sheikh

KARACHI: Accountability Court Karachi on Saturday issued notice to the NAB prosecutor in a graft reference against...

Published 29 May, 2022 06:48am

Pakistan

AC grants interim bail to Hafeez Sheikh

KARACHI: Accountability Court Karachi on Friday granted interim bail to former finance minister Hafeez Sheikh in a...

Published 28 May, 2022 05:11am

Opinion

PARTLY FACETIOUS: Maryam uses daddy’s full name

“Hammad Azhar, our dynamic minister for…for…what’s his latest portfolio?” “Don’t be facetious. You...

Published 07 Dec, 2021 06:29am

Opinion

Markets really hate uncertainty

Markets across Asia rallied on Tuesday as Tokyo, Hong Kong, Shanghai, Sydney, Singapore, Wellington, Taipei, Manila...

Updated 11 Nov, 2021 01:13pm

Editorials

IMF may have its way

EDITORIAL: A Business Recorder exclusive news report has revealed that the government has agreed to pass on the...

Updated 14 Oct, 2021 10:35am

Editorials

Defending the budget

EDITORIAL: The statement of PML-N’s Birjees Tahir on the floor of the house that the budget 2021-22 was a “pack...

Published 23 Jun, 2021 04:26am

Extremely generous Eidi?

The budget 2021-22 can best be described as an extremely generous Eidi to the people of this country: 10 percent...

Updated 12 Jun, 2021 01:43pm

Opinion

PARTLY FACETIOUS: The FY21 growth rate

“Hammad Azhar was the first to boast of a 4 percent growth rate…” “So? He is a member of the cabinet.”...

Published 25 May, 2021 04:40am

Opinion

Perhaps the last chance

Prime Minister Imran Khan this week again said that the appointment of Shaukat Tarin as finance minister is aimed at...

Published 22 May, 2021 04:05am

Opinion

Finance minister Tarin working harder

It is heartening to learn that the government has successfully devised a strategy to move towards sustainable...

Published 12 May, 2021 04:23am

Editorials

Inflation time bomb ticks away

EDITORIAL: That the gap between actual prices of essential food items and rates fixed by district administrations ...

Published 01 May, 2021 03:28am

Opinion

Tarin versus Sheikh

The appointment of Shaukat Tarin as federal finance minister is generating considerable controversy particularly in...

Published 26 Apr, 2021 03:29am

Editorials

PTI and poverty reduction

EDITORIAL: The prime minister has come to the correct conclusion, perhaps a little late in the day, that the success...

Published 24 Apr, 2021 03:21am

Editorials

Putting a lid on inflation

EDITORIAL: Finance Minister Hammad Azhar is right to make rising inflation his top priority right at the start. It...

Published 11 Apr, 2021 05:27am

Opinion

Ghulam Ishaq Khan was extremely good at market dynamics

Like his predecessors, new finance minister Hammad Azhar has ordered a slew of steps aimed at arresting the alarming...

Published 09 Apr, 2021 04:51am

Opinion

Partly Facetious: Politics a big gamble

“There is something about overplaying one’s hands that leads you to defeat.” “I am not sure which card game...

Published 08 Apr, 2021 04:10am

Opinion

Hafeez Sheikh – a final farewell?

Dr Hafeez Sheikh was dismissed on 29 March 2021, ten and a half weeks before completing the six month tenure as the...

Updated 05 Apr, 2021 10:42am

Opinion

In defence of Dr Hafeez Sheikh — II

But how ironic it is that Asad Umar who lost finance portfolio for opposing the IMF programme or its harsh...

Published 02 Apr, 2021 04:58am

Opinion

In defence of Dr Hafeez Sheikh — I

This is apropos a Business Recorder editorial “Hafeez Sheikh: ignominious exit” carried by the newspaper...

Published 01 Apr, 2021 04:10am

Opinion

PARTLY FACETIOUS: Hafeez, too, tested positive for Covid-19

“Now that Hafeez Sheikh has departed…” “He is still in the country I reckon – packing.” “May I tell...

Published 01 Apr, 2021 04:10am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 29	278.93
USD PKR Interbank Buying / Jan 29	278.73
USD to Japanese Yen / Jan 29	155.27
USD to Swiss Franc / Jan 29	0.90
Pound Sterling to USD / Jan 29	1.25
Euro to USD / Jan 29	1.04

Stock	Volume
S&P 500 / Jan 28	6,067.70
Nasdaq / Jan 28	19,733.59
Dow Jones / Jan 28	44,850.35
India Sensex / Jan 29	76,280.68
Tokyo Nikkei / Jan 29	39,346.10
Hang Seng / Jan 29	20,225.11
FTSE 100 / Jan 29	8,526.69
Germany DAX 30 / Jan 29	21,503.20

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 28	18,485
Gold 10 Grams PKR / Jan 28	247,560.80
Crude Oil USD/Barrel / Jan 29	73.75
Gold Spot USD/Ounce / Jan 29	2,761.08
Cotton US¢/pound / Jan 29	67.12
Petrol/Litre / Jan 30	256.13

Gainers
Losers
Leaders

Stock	Price
Waves Home Appliances / Jan 29 Waves Home Appliances Limited(WAVESAPP)	11.63 ▲ 1.06 (10.03%)
Redco Textile / Jan 29 Redco Textiles Limited(REDCO)	19.97 ▲ 1.82 (10.03%)
Jauharabad Sug / Jan 29 Jauharabad Sugar Mills Limited(JSML)	21.84 ▲ 1.99 (10.03%)
Saritow Spinning / Jan 29 Saritow Spinning Mills Limited(SSML)	14.81 ▲ 1.35 (10.03%)
Leather Up Ltd. / Jan 29 Leather Up Limited(LEUL)	44.41 ▲ 4.04 (10.01%)
Fateh Sports / Jan 29 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10%)
Supernet Ltd. / Jan 29 Supernet Limited (GEM)(GEMSPNL)	19.80 ▲ 1.8 (10%)
Sanghar Sugar / Jan 29 Sanghar Sugar Mills Limited(SANSM)	30.69 ▲ 2.79 (10%)
Shahmurad Sugar / Jan 29 Shahmurad Sugar Mills Limited(SHSML)	398.70 ▲ 36.25 (10%)

Stock	Price
D.S. Ind. Ltd. / Jan 29 D.S. Industries Limited(DSIL)	4.51 ▼ -0.85 (-15.86%)
Tariq Corp.Pref. / Jan 29 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.88 ▼ -1 (-12.69%)
PICIC Ins.Ltd. / Jan 29 PICIC Insurance Limited(PIL)	2.25 ▼ -0.32 (-12.45%)
Punjab Mod / Jan 29 First Punjab Modaraba(FPJM)	2.60 ▼ -0.33 (-11.26%)
National Silk / Jan 29 The National Silk & Rayon Mills Limited(NSRM)	49.29 ▼ -5.48 (-10.01%)
Blessed Tex. / Jan 29 Blessed Textiles Limited(BTL)	306 ▼ -34 (-10%)
Shahtaj Sugar / Jan 29 Shahtaj Sugar Mills Limited(SHJS)	111.67 ▼ -12.41 (-10%)
Crescent Steel / Jan 29 Crescent Steel & Allied Products Limited(CSAP)	112.88 ▼ -12.54 (-10%)
Suhail Jute / Jan 29 Suhail Jute Mills Limited(SUHJ)	82.02 ▼ -8.63 (-9.52%)

Stock	Volume
WorldCall Telecom / Jan 29 Worldcall Telecom Limited(WTL)	67,917,203 ▼ -0.01
Cnergyico PK / Jan 29 Cnergyico PK Limited(CNERGY)	31,182,412 ▲ 0.14
Sui South Gas / Jan 29 Sui Southern Gas Company Limited(SSGC)	29,454,322 ▼ -1.6
K-Electric Ltd. / Jan 29 K-Electric Limited(KEL)	29,207,516 ▲ 0.11
Fauji Foods Ltd / Jan 29 Fauji Foods Limited(FFL)	26,339,311 ▼ -0.04
Citi Pharma Ltd / Jan 29 Citi Pharma Ltd.(CPHL)	26,038,104 ▼ -0.81
Dewan Motors / Jan 29 Dewan Farooque Motors Limited(DFML)	24,645,415 ▲ 3.11
Fauji Cement / Jan 29 Fauji Cement Company Limited(FCCL)	18,743,736 ▼ -0.97
Lotte Chemical / Jan 29 Lotte Chemical Pakistan Limited(LOTCHEM)	14,546,524 ▼ -0.55

Markets →

Budget 2024-25: income tax calculator for FY25

Hafeez Sheikh

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