Home - Business Recorder

Published 11 Nov, 2024 06:03am

CCP for sell-off of Discos or exploring PPPs

ISLAMABAD: The Competition Commission of Pakistan (CCP) has recommended privatization of existing power distribution...

Pak mission in China: 20 new posts created in Trade Section

Published 11 Nov, 2024 06:03am

International transshipment cargoes: FBR to allow inter-port movement

Published 11 Nov, 2024 06:03am

Bangladesh, Pakistan to take major steps aimed at improving relations

Published 11 Nov, 2024 06:03am

Challenge of terrorism: Federal govt to provide resources to Balochistan govt: Naqvi

Published 11 Nov, 2024 06:03am

Customs duty in 2023-24: Petroleum sector, imported vehicles top contributors

Published 11 Nov, 2024 06:03am

Rs237bn FED collected from cigarettes in 2023-24

Published 11 Nov, 2024 06:03am

FBR reshuffles 208 officers

Published 11 Nov, 2024 06:03am

PM arrives in Riyadh to attend Arab-Islamic Summit

Published 11 Nov, 2024 06:03am

WHT’s share in collection of direct taxes stands at 60pc

Published 11 Nov, 2024 06:03am

Peshawar: prices of essential food items show mixed trend

Updated 11 Nov, 2024 06:37am

Must Read

Editorials

IPPs: even-handed govt approach?

Opinion

Go beyond the Fund advice

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Nosediving tax-to-GDP ratio

Opinion

United by tides, knotted by oceans: Aman Dialogue 2025

Editorials

Economy on the mend

Opinion

Export industry: challenges and solutions

Editorials

Captive power phase-out: the show must go on

Editorials

Tajir Dost Scheme has trouble making dost

Opinion

Towards fiscal & digital reforms

BR Research

EFF progress review: don’t let them off the hook!

Opinion

Trump, global economy, and a world of polycrisis

PM Shebaz arrives in Saudi Arabia to attend Arab-Islamic Summit

PM Shehbaz Sharif departs for Riyadh, Saudi Arabia to participate in the Arab-Islamic Summit

Recorder headlines

At least 24 killed, 45 injured in Quetta train station bomb blast, police say

PM Shehbaz announces three-month power subsidy package for winter season

Budget 2024-25: income tax calculator for FY25

NJLI Sarmaya Growth Fund Rates

Hydropower projects on canals: KP govt urged to revisit decision

Improvement in economic indicators: Govt alludes to ties with China, deals with KSA

Property values in Karachi: New SRO retains rebate provision, FBR asked

PM Shehbaz to announce 5-year economic plan soon: Ahsan

Pakistan to slash winter power tariffs to spur demand, cut gas use: Leghari

PM will leave for KSA today

Nosediving tax-to-GDP ratio

PRAL & FBR staff found involved: A dormant account used for Rs1.625trn fake supplies?

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 8	277.83
USD PKR Interbank Buying / Nov 8	277.63
USD to Japanese Yen / Nov 8	152.64
USD to Swiss Franc / Nov 8	0.88
Pound Sterling to USD / Nov 8	1.29
Euro to USD / Nov 8	1.07

Stock	Volume
S&P 500 / Nov 8	5,995.54
India Sensex / Nov 8	79,486.32
Tokyo Nikkei / Nov 8	39,500.37
Nasdaq / Nov 8	19,286.78
Hang Seng / Nov 8	20,728.19
FTSE 100 / Nov 8	8,072.39
Dow Jones / Nov 8	43,988.99
Germany DAX 30 / Nov 8	19,215.48

Item	Value
Crude Oil USD/Barrel / Nov 8	70.38
Karachi Cotton PKR/37.32 KG / Nov 8	18,285
Gold 10 Grams PKR / Nov 8	244,002.80
Gold Spot USD/Ounce / Nov 8	2,684.77
Cotton US¢/pound / Nov 8	70.98
Petrol/Litre / Nov 11	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00

Markets →

PM Shebaz arrives in Saudi Arabia to attend Arab-Islamic Summit

PM Shehbaz Sharif departs for Riyadh, Saudi Arabia to participate in the Arab-Islamic Summit

Recorder headlines

At least 24 killed, 45 injured in Quetta train station bomb blast, police say

PM Shehbaz announces three-month power subsidy package for winter season

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 8	277.83
USD PKR Interbank Buying / Nov 8	277.63
USD to Japanese Yen / Nov 8	152.64
USD to Swiss Franc / Nov 8	0.88
Pound Sterling to USD / Nov 8	1.29
Euro to USD / Nov 8	1.07

Stock	Volume
S&P 500 / Nov 8	5,995.54
India Sensex / Nov 8	79,486.32
Tokyo Nikkei / Nov 8	39,500.37
Nasdaq / Nov 8	19,286.78
Hang Seng / Nov 8	20,728.19
FTSE 100 / Nov 8	8,072.39
Dow Jones / Nov 8	43,988.99
Germany DAX 30 / Nov 8	19,215.48

Item	Value
Crude Oil USD/Barrel / Nov 8	70.38
Karachi Cotton PKR/37.32 KG / Nov 8	18,285
Gold 10 Grams PKR / Nov 8	244,002.80
Gold Spot USD/Ounce / Nov 8	2,684.77
Cotton US¢/pound / Nov 8	70.98
Petrol/Litre / Nov 11	248.38

NJLI Sarmaya Growth Fund Rates

Hydropower projects on canals: KP govt urged to revisit decision

Improvement in economic indicators: Govt alludes to ties with China, deals with KSA

Property values in Karachi: New SRO retains rebate provision, FBR asked

PM Shehbaz to announce 5-year economic plan soon: Ahsan

Pakistan to slash winter power tariffs to spur demand, cut gas use: Leghari

PM will leave for KSA today

Nosediving tax-to-GDP ratio

PRAL & FBR staff found involved: A dormant account used for Rs1.625trn fake supplies?

Business & Finance

2024-11-11-01-41

Sales tax returns: KCCI demands suspension of affidavit requirement

KARACHI: President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Jawed Bilwani, while vehemently... Published 11 Nov, 2024 06:03am

BR Research

Power tariffs: Quarterly adjustment tanks

After the annual rebasing exercise carried out in July 2024, periodic tariff adjustments to the power tariffs were...

Published 08 Nov, 2024 09:05am

2024-11-11-01-41

FBR seizes smuggled goods worth Rs106.08bn in 2023-24

ISLAMABAD: The Federal Board of Revenue (FBR) has seized smuggled goods valued at Rs 106.08 billion during 2023-24... Published 11 Nov, 2024 06:03am

2024-11-11-01-41

Multilateral development banks stepping into climate breach: EBRD President

LONDON: Multilateral development banks are putting much more focus on investments to tackle climate change, the... Updated 11 Nov, 2024 06:47am

BR Research

EFF progress review: don’t let them off the hook!

As the political government gears up to revert the economy back onto a growth path, the IMF mission is set to arrive...

Published 08 Nov, 2024 09:00am

2024-11-11-01-41

Saudi Aramco reports 15pc drop in Q3 profit but maintains dividend

DUBAI: Saudi oil giant Aramco on Tuesday reported a 15.4% drop in third-quarter profit due to lower crude prices and... Published 11 Nov, 2024 06:03am

Stocks

Wall Street Week Ahead: Inflation data poses test for stocks rally after Trump win

NEW YORK: Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking... Published 11 Nov, 2024 06:03am

Money & Banking

China’s yuan set for 6th weekly drop

SHANGHAI: China’s yuan slipped and looked set for its sixth losing week, hurt by investor worries about higher... Published 11 Nov, 2024 06:03am

Stocks

Saudi bourse falls on oil; Qatar gains

DUBAI: Saudi Arabia’s stock market ended slightly lower on Sunday after a fall in oil prices at the end of last... Published 11 Nov, 2024 06:03am

Stocks

Lacklustre China stimulus drags FTSE 100 to 3-month low

BRITAIN: Britain’s FTSE 100 fell to a three-month low on Friday, dragged down by homebuilder Vistry following a... Updated 11 Nov, 2024 07:02am

BR Research

Pak Datacom Limited

Pak Datacom Limited (PSX: PAKD) was incorporated in Pakistan as a private limited company in 1992 and was converted...

Published 08 Nov, 2024 08:55am

BR Research

Lower rice exports: are we prepared?

From a record performance of nearly four billion dollars during the last financial year, Pakistan’s rice exports are...

Published 07 Nov, 2024 07:33am

BR Research

‘Concrete’ challenges continue

Cement’s dispatch numbers for October (roughly 4.36 million tons) are rosier than expected, up nearly 9 percent year...

Published 07 Nov, 2024 07:27am

BR Research

Media Times Limited

Media Times Limited (PSX: MDTL) was incorporated in Pakistan as a private limited company in 2001 and was converted...

Published 07 Nov, 2024 07:21am

Pakistan

2024-11-11-02-48

Tarar condoles death of Shahab Zuberi’s mother

ISLAMABAD: Federal Minister for Information, Broadcasting, National Heritage and Culture Attaullah Tarar on Sunday... Published 11 Nov, 2024 06:03am

2024-11-11-01-41

Pakistani columnists and writers: Iranian CG agrees to arrange tours

PESHAWAR: Iranian Consul General in Peshawar, Ali Banafshekhah has agreed with a suggestion of arranging tourist... Published 11 Nov, 2024 06:03am

2024-11-11-01-41

President, PM congratulate cricket team

ISLAMABAD: President Asif Ali Zardari and Prime Minister Muhammad Shehbaz Sharif on Sunday felicitated Pakistan... Published 11 Nov, 2024 06:03am

2024-11-11-01-41

Various cities of Punjab: Air pollution increases to alarming level

LAHORE: Life in provincial metropolis on Sunday remained severely impacted and air pollution increased to an ... Published 11 Nov, 2024 06:03am

2024-11-11-01-41

Naqvi, Bugti inquire after Quetta blast injured

QUETTA: Interior Minister Syed Mohsin Naqvi and Balochistan Chief Minister (CM) Sarfaraz Bugti on Sunday visited the... Published 11 Nov, 2024 06:03am

2024-11-11-01-41

Sindh committed to providing environment-friendly transport: Sharjeel

KARACHI: Senior Minister for Transport, Mass Transit and Information Sindh Sharjeel Inam Memon on Sunday said that... Published 11 Nov, 2024 06:32am

World

2024-11-11-02-48

Leaders fly to Saudi Arabia for talks on Mideast conflicts

RIYADH: Arab and other Muslim leaders have begun arriving in Saudi Arabia for a summit scheduled for Monday that ... Published 11 Nov, 2024 06:03am

Israel PM says okayed Lebanon pager attacks

JERUSALEM: Prime Minister Benjamin Netanyahu said on Sunday he okayed a deadly September attack on Hezbollah... Published 10 Nov, 2024 10:23pm

Europe

Russia and Ukraine launch biggest drone attacks of conflict

MOSCOW: Russia and Ukraine both launched record drone attacks on each other overnight, as the Kremlin said it saw... Published 11 Nov, 2024 06:03am

Europe

Pressure builds on Olaf Scholz to bring forward German confidence vote

FRANKFURT: German Chancellor Olaf Scholz came under increasing pressure on Sunday to bring forward a vote of... Published 10 Nov, 2024 10:32pm

South Asia

Iran ‘terror attack’ kills five members of security forces: media

TEHRAN: At least five members of Iran’s security forces were killed Sunday in a “terror attack” in the country’s... Updated 10 Nov, 2024 11:48pm

Editorials

IPPs: even-handed govt approach?

EDITORIAL: During a briefing to the Senate Standing Committee on Power, the co-chair of the Energy Task Force stated...

‘Systematic’ cleansing

EDITORIAL: First things first, Qatar has told Hamas and Israel it will stall its efforts to mediate a Gaza ceasefire...

Nosediving tax-to-GDP ratio

EDITORIAL: It’s a bit rich of the FBR (Federal Board of Revenue) to claim an improvement in the country’s tax-to-GDP...

A belated ‘Bijli Sahulat’ package

EDITORIAL: Finally, the prime minister has announced a power relief plan, ‘Bijli Sahulat’ package (a euphemism...

Economy on the mend

EDITORIAL: Minister of Finance Muhammad Aurangzeb while addressing the eighth edition of the “Future Summit”...

Opinion

Go beyond the Fund advice

Anjum Ibrahim

Monetary Policy Committee (MPC) met under the chairmanship of Jameel Ahmed, Governor of State Bank of Pakistan (SBP)...

Disconnecting captive power: balancing between costs and efficiency

Ali Khizar

The more one writes about Pakistan’s energy sector mess, the less it seems to cover. The latest issue involves the...

Muslims under siege

Qamer Soomro

Not only, the Middle East remains engulfed in flames, with Gaza and Beirut reaching boiling points because of the...

Bridging climate governance gap: a roadmap for COP29 and beyond

Pakistan stands at the crossroads of climate vulnerability, facing the harsh consequences of a crisis it did not...

United by tides, knotted by oceans: Aman Dialogue 2025

Sohail A. Azmie

‘What keeps us unified against the common threats at sea, what motivates us to recourse to stability in the global...

Perspectives

Thinking of travelling to Dubai? here are some recommendations this season

Travel Recorder

Along with expanding on businesses and cultural events, the city is also rapidly building infrastructure to house new residents and the increasing influx of tourists