Trends - Pakistan and Saudi Arabia

Pakistan and Saudi Arabia

PCB chief meets KSA’s sports deputy minister

LAHORE: Chairman Pakistan Cricket Board (PCB) Mohsin Naqvi met Saudi Arabia’s Deputy Minister of Sports, Badr bin...

Published 19 Dec, 2024 08:20am

Pakistan

Pakistan, KSA agree to take steps for narcotics control

Pakistan and Saudi Arabia on Monday agreed to improve narcotics control measures under bilateral cooperation, the...

Published 16 Dec, 2024 07:20pm

Pakistan to export medical professionals to KSA

ISLAMABAD: Overseas Employment Corporation (OEC), an attached department of Ministry of Overseas Pakistanis and...

Updated 16 Dec, 2024 04:08pm

Markets

Saudi Fund for Development extends term of $3bn deposit for another year: SBP

$3 billion deposit agreement was initially signed with SFD in 2021 and subsequently rolled over in 2022 and 2023

Updated 05 Dec, 2024 10:15pm

Pakistan

PM Shehbaz calls for strong political will, global leadership to combat water crisis

Premier emphasises water is a crucial element for economic development, food security, and environmental sustainability

Published 03 Dec, 2024 11:21pm

Pakistan

PM Shehbaz reaches Riyadh to participate in ‘One Water Summit’

Prime Minister Shehbaz Sharif has arrived in Saudi Arabia to participate in the “One Water Summit” in Riyadh, the...

Updated 03 Dec, 2024 10:57pm

Business & Finance

Vision 2030 initiative: Saudia announces plans to boost tourism from Pakistan

KARACHI: Saudia, the national carrier of Saudi Arabia, has announced plans to significantly boost tourism from...

Published 03 Dec, 2024 07:29am

Pakistan

PM to leave for KSA today

ISLAMABAD: Foreign Office (FO) spokesperson announced on Monday that Prime Minister Shehbaz Sharif will be leaving...

Published 03 Dec, 2024 06:09am

KSA investments: PM expresses satisfaction over progress

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday expressed his satisfaction with the progress in cooperation and...

Updated 03 Dec, 2024 09:19am

Pakistan

Seven MoUs signed with Saudi Arabia converted into $560mn contracts

Pakistan said on Monday that out of the 34 Memorandum of Understandings (MoUs) signed with Saudi Arabia, seven worth...

Updated 02 Dec, 2024 10:01pm

Pakistan

PM Shehbaz vows strict action against those ‘sabotaging’ Pak-Saudi relations

PTI says Bushra Bibi's remarks blown out of proportion

Updated 22 Nov, 2024 11:07pm

Business & Finance

$2.8bn KSA investment: PM pleased with implementation of MoUs

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday expressed satisfaction over implementation of recently signed...

Published 20 Nov, 2024 06:45am

Business & Finance

Policy rate reduction to boost business activities, exports: PM Shehbaz

Prime Minister Shehbaz Sharif said Monday a reduction in the policy rate will boost business activities, exports,...

Updated 04 Nov, 2024 10:54pm

Business & Finance

Chairman APCPLA praises Pak-KSA agreement

FAISALABAD: Chairman All Pakistan Cotton Power Looms Association (Registered) Chaudhry Khalid Mehmood Cheema has...

Updated 03 Nov, 2024 08:11am

Business & Finance

Lahore and Riyadh: Fly Jinnah expands its international network with new flights

KARACHI: Fly Jinnah, Pakistan’s low-cost carrier, announces the expansion of its international network with the...

Published 01 Nov, 2024 08:06am

Pakistan

Pakistan, Vietnam vow to strengthen ties

PM Shehbaz Sharif and his Vietnamese counterpart Pham Minh Chinh discuss ways to strengthen bilateral relations

Updated 30 Oct, 2024 09:04pm

Pakistan

Additional MoUs: Saudi Arabia, Pakistan enhance scope of partnership to $2.8bn

Saudi Arabia Minister for Investment says seven additional MoUs signed

Updated 30 Oct, 2024 09:21pm

Business & Finance

7th meeting of Pak-KSA Bilateral Defence Industrial Forum held

RAWALPINDI: The 7th meeting of the Pakistan-KSA Bilateral Defence Industrial Forum was successfully held in Riyadh ...

Published 13 Oct, 2024 06:46am

Business & Finance

Round Table Ministerial Conference: KSA, Pakistan discuss ways and means to strengthen ties in relation to G2G activities

ISLAMABAD: During the visit of Saudi Business delegates headed by KSA Minister for Investment Sheikh Khalid Bin ...

Published 12 Oct, 2024 06:17am

Business & Finance

Pak-Saudi business forum 2024: Minister gives overview of investment opportunities

ISLAMABAD: Federal Minister for Petroleum Dr Musadik Malik addressing the Pak-Saudi business forum 2024 gave an...

Published 11 Oct, 2024 06:30am

Saudi team meets army chief

ISLAMABAD: Chief of Army Staff (COAS) General Asim Munir, on Thursday, assured a visiting Saudi delegation of...

Updated 11 Oct, 2024 09:15am

Pakistan, Saudi Arabia sign MoUs worth $2.2bn

ISLAMABAD: Pakistan and Saudi Arabia on Thursday signed 27 Memorandum of Understandings (MoUs) valuing US $2.2...

Updated 11 Oct, 2024 09:14am

Pakistan, KSA vow to enhance cooperation in multiple sectors

ISLAMABAD: Pakistan and Saudi Arabia vowed to enhance cooperation in economic activates, trade, agriculture, mining...

Updated 11 Oct, 2024 08:52am

Markets

Saudi Arabia, Pakistan to sign Barrick deal in few weeks, says Al Faleh

Eager to start number of mining initiatives but hope to close Reko Diq project with Pakistan's SOEs and Barrick Gold in the coming weeks, says Saudi Arabia Minister for Investment

Updated 10 Oct, 2024 11:59pm

Pakistan

COAS Munir, Saudi investment minister discuss initiatives to strengthen bilateral cooperation

Chief of Army Staff (COAS) General Asim Munir and Saudi Arabia’s Minister of Investment His Excellency Khalid Bin...

Updated 10 Oct, 2024 07:07pm

Pakistan

Pakistan’s remittance inflow stands at $2.85bn in September 2024, up 29% year-on-year

Amount marginally lower than in August 2024
During 3MFY25, remittances up nearly 39% YoY to $8.8 billion as compared to $6.3 billion in 3MFY24

Updated 09 Oct, 2024 10:51pm

32 top Saudi cos’ team due today

Pakistan estimates investment of up to $15-20 billion from Saudi Arabia in different sectors/fields including purchase of public sector entities or share purchase

Updated 09 Oct, 2024 10:26am

Business & Finance

Governor meets Saudi ambassador, seeks investment

LAHORE: Ambassador of the Kingdom of Saudi Arabia, Nawaf bin Saeed Al Maliki called on Punjab Governor, Sardar ...

Published 02 Jun, 2024 02:53am

Pakistan

In call with Saudi counterpart, FM Dar ‘reviews preparations’ for crown prince’s visit: FO

Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar reviewed preparations for the visit of Crown...

Published 19 May, 2024 10:11pm

Perspectives

The revolving door of instability in Pakistan

The current state of affairs in Pakistan is deeply concerning as the country appears to be slipping back into...

Published 16 May, 2024 08:34pm

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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Pakistan and Saudi Arabia

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