Home - Business Recorder

Updated 04 Jun, 2024 09:41am

Contractual obligations, rollovers, loans: PM’s China visit aims at getting a breathing space

Sources say PM hopes to secure Chinese cooperation in agriculture, information technology, energy, and alternative energy under CPEC

Markets

Intra-day update: rupee registers minor gain against US dollar

Published 04 Jun, 2024 11:24am

Pakistan

SIC in assemblies: SC bench resumes hearing

Published 04 Jun, 2024 12:26pm

SBP likely to lower policy rate: S&P GMI

Updated 04 Jun, 2024 09:22am

Chinese IPPs step up pressure for payment of dues

Updated 04 Jun, 2024 11:26am

Sinopec not interested in refinery project

Updated 04 Jun, 2024 11:26am

Final date for federal budget yet to be decided

Updated 04 Jun, 2024 09:22am

FBR digitalisation: Aurangzeb discusses ‘quick wins’ with McKinsey head

Updated 04 Jun, 2024 08:52am

Markets

Oil falls further on worries of supply rising later in 2024

Published 04 Jun, 2024 09:46am

Business confidence improves by 4pc: OICCI survey

Updated 04 Jun, 2024 09:22am

April FCA: KE seeks provisional adjustment

Updated 04 Jun, 2024 09:35am

Must Read

Editorials

The PM’s visit to China

Opinion

Low taxation of property

Perspectives

Sovereign and strategic: looking at a budget beyond the IMF

BR Research

CPI: a surprise reading – but will it hold?

Perspectives

Understanding net metering, gross metering, and net billing: Pakistan needs sustainable practices

Editorials

Planned sell-off of Discos

Opinion

Budget: govt between a rock and a hard place

Opinion

‘Strategic’ SOEs bereft of strategic merits

BR Research

Low demand at the heart of periodic adjustments

Opinion

Invest in renewable energy

Editorials

Poverty on the rise

Calculate your monthly liability in FY24

Sheikh Mujeeb’s propaganda video: FIA decides to examine IK’s ‘X’ account

Pakistan’s headline inflation decelerates further to 11.8% in May 2024

Export-oriented sectors: MoC advocates concessional power tariff

NJLI Sarmaya Growth Fund Rates

FBR to upgrade IT infrastructure through World Bank lending

Rupee remains largely stable against US dollar

Belgium’s Ontex completes divestment of business in Pakistan

‘Strategic’ SOEs bereft of strategic merits

Budget: govt between a rock and a hard place

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 4	278.40
USD PKR Interbank Buying / Jun 4	278.20
USD to Japanese Yen / Jun 4	156.01
USD to Swiss Franc / Jun 4	0.90
Pound Sterling to USD / Jun 4	1.28
Euro to USD / Jun 4	1.09

Stock	Volume
S&P 500 / Jun 3	5283.40
Nasdaq / Jun 3	16828.67
FTSE 100 / Jun 3	8262.75
Dow Jones / Jun 3	38571.03
Germany DAX 30 / Jun 3	18608.16
France CAC40 / Jun 3	7998.02
India Sensex / Jun 4	70382.44
Tokyo Nikkei / Jun 4	38837.46

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 3	19935
Gold 10 Grams PKR / Jun 3	207219
Petrol/Litre / Jun 4	268.36
Crude Oil USD/Barrel / Jun 4	73.30
Gold Spot USD/Ounce / Jun 4	2346.95
Diesel/Litre / Jun 4	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 4 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 4 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 4 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 4 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 4 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 4 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 4	278.40
USD PKR Interbank Buying / Jun 4	278.20
USD to Japanese Yen / Jun 4	156.01
USD to Swiss Franc / Jun 4	0.90
Pound Sterling to USD / Jun 4	1.28
Euro to USD / Jun 4	1.09

Stock	Volume
S&P 500 / Jun 3	5283.40
Nasdaq / Jun 3	16828.67
FTSE 100 / Jun 3	8262.75
Dow Jones / Jun 3	38571.03
Germany DAX 30 / Jun 3	18608.16
France CAC40 / Jun 3	7998.02
India Sensex / Jun 4	70382.44
Tokyo Nikkei / Jun 4	38837.46

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 3	19935
Gold 10 Grams PKR / Jun 3	207219
Petrol/Litre / Jun 4	268.36
Crude Oil USD/Barrel / Jun 4	73.30
Gold Spot USD/Ounce / Jun 4	2346.95
Diesel/Litre / Jun 4	270.22

Sheikh Mujeeb’s propaganda video: FIA decides to examine IK’s ‘X’ account

Pakistan’s headline inflation decelerates further to 11.8% in May 2024

Export-oriented sectors: MoC advocates concessional power tariff

NJLI Sarmaya Growth Fund Rates

FBR to upgrade IT infrastructure through World Bank lending

Rupee remains largely stable against US dollar

Belgium’s Ontex completes divestment of business in Pakistan

‘Strategic’ SOEs bereft of strategic merits

Budget: govt between a rock and a hard place

Business & Finance

Currency

Intra-day update: rupee registers minor gain against US dollar

Currency hovers at 278-279 level in inter-bank market

Published 04 Jun, 2024 11:24am

BR Research

CPI: a surprise reading – but will it hold?

Over the past two years, rising inflation shattered records and surpassed analysts’ expectations. However, a...

Published 04 Jun, 2024 09:01am

Energy

Oil falls further on worries of supply rising later in 2024

Oil prices eased in Asian trade on Tuesday, extending losses from the previous session when prices fell to their... Published 04 Jun, 2024 09:46am

2024-06-04-01-32

FY25 budget: Pension tax proposal dropped

ISLAMABAD: The government has dropped a major budget proposal to tax pensions in 2024-25. It is learnt that the... Published 04 Jun, 2024 06:28am

BR Research

Sugar industry: political affiliation isn’t helping

The sugar industry is in the news again. The industry wants a license to export surplus stocks; the government wants...

Published 04 Jun, 2024 08:58am

2024-06-04-02-54

July-May exports jump 10.65pc to $28.07bn YoY

ISLAMABAD: The country’s exports increased by 10.65 percent ($2.702 billion) to $28.070 billion during the first ... Published 04 Jun, 2024 06:28am

2024-06-04-02-54

PIACL divestment: Six companies pre-qualify

ISLAMABAD: The Privatisation Commission Board met on Monday under the chairmanship of Minister for Privatisation/... Published 04 Jun, 2024 06:28am

2024-06-04-02-37

Pak-Afghan trade: Agreement reached to implement temporary TAD mechanism

ISLAMABAD: The ministries of commerce of Pakistan and Afghanistan have agreed to implement the mechanism of ... Published 04 Jun, 2024 06:28am

2024-06-04-01-49

Finance Bill to amend Tax Laws (Amendment) Act, 2024

ISLAMABAD: Finance Bill 2024 would amend Tax Laws (Amendment) Act, 2024 to deal with emerging legal issues being... Published 04 Jun, 2024 06:28am

2024-06-04-01-00

Govt urged to unveil ‘people-friendly’ budget

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian... Published 04 Jun, 2024 06:28am

BR Research

Octopus Digital Limited

Octopus Digital Limited (PSX: OCTOPUS) was incorporated in Pakistan as a private limited company in 2017 as Avanceon...

Published 04 Jun, 2024 08:55am

BR Research

Low demand at the heart of periodic adjustments

Of Rs52 billion sought by the power distribution companies on account of the quarterly tariff adjustments for...

Published 03 Jun, 2024 08:41am

BR Research

High taxation cannibalizing juices export potential

One key ingredient for moving on a sustainable economic growth path is to develop the agriculture value chains by...

Published 03 Jun, 2024 08:37am

BR Research

Interview with Shoaib Nizami, CEO - Sports in Pakistan (SIP)

‘SIP paves the way for a brighter, more prosperous future for sports in Pakistan’ Shoaib Nizami is an entrepreneur...

Published 03 Jun, 2024 08:35am

Pakistan

SIC in assemblies: SC bench resumes hearing

A full bench of the Supreme Court resumed on Tuesday hearing of the Sunni Ittehad Council’s (SIC) plea against the... Published 04 Jun, 2024 12:26pm

2024-06-04-02-54

Imran, Qureshi acquitted in cypher case

ISLAMABAD: The Islamabad High Court (IHC), Monday, acquitted Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and... Published 04 Jun, 2024 06:28am

2024-06-04-01-49

UK diplomat hits car to traffic cop

ISLAMABAD: A female British diplomat, on Monday, hit and seriously injured a police personnel riding a bike in the... Published 04 Jun, 2024 06:28am

2024-06-04-01-49

Suspect held over snatching mobile phones from two KSA diplomats

ISLAMABAD: The city police on Monday claimed to have arrested a suspect allegedly involved in snatching mobile ... Published 04 Jun, 2024 06:28am

2024-06-04-01-49

LHC expresses displeasure

LAHORE: The Lahore High Court on Monday expressed displeasure over the unpreparedness of a lawyer of a petitioner ... Published 04 Jun, 2024 06:28am

2024-06-04-01-49

Govt introducing major reforms to modernize education system: Minister

ISLAMABAD: Secretary, Ministry of Federal Education Mohyuddin Ahmad Wani Monday announced that the government is... Published 04 Jun, 2024 06:28am

World

South Asia

Bangladeshi garment workers fall ill as temperatures soar

DHAKA: In the factory where Aysha Talukder Tanisa stitches jeans and children’s clothes for Western brands, the... Published 04 Jun, 2024 12:10pm

World leaders laud Sheinbaum’s ‘historic’ Mexico election win

MEXICO CITY: Congratulations poured in from around the world Monday after Claudia Sheinbaum was elected Mexico’s... Published 04 Jun, 2024 12:19pm

Europe

Brexit firebrand Farage shakes up UK election fight: UK poll predicts biggest ever Labour win

LONDON: Britain’s opposition Labour party could be on the path to the biggest election victory in its history,... Published 04 Jun, 2024 06:28am

Europe

Russia proposes raising extraction tax rates on diamonds, gold, iron ore

MOSCOW: Russia’s finance ministry on Monday proposed increasing mineral extraction rents from next year on ... Published 04 Jun, 2024 06:28am

South Asia

Bangladeshi garment workers fall ill as temperatures soar

DHAKA: In the factory where Aysha Talukder Tanisa stitches jeans and children’s clothes for Western brands, the... Published 04 Jun, 2024 12:10pm

Editorials

The PM’s visit to China

EDITORIAL: The Chinese Ambassador to Pakistan, Jiang Zeidong, recently stated that Prime Minister Shehbaz Sharif’s...

‘Penalising honest consumers’

EDITORIAL: How on earth is the power minister going to “bring transparency to the power sector” if the...

Planned sell-off of Discos

EDITORIAL: Prime Minister Shehbaz Sharif has again directed the relevant authorities to speed up the process of...

Untangling the mystery of ‘audio leaks’

EDITORIAL: While it has become a normal practice to malign, through purported audio leaks, opposition leaders as ...

Trump’s conviction

EDITORIAL: The guilty verdict handed out to Donald Trump by a New York jury on 34 counts of falsifying business...

Opinion

Low taxation of property

Dr Hafiz A Pasha

The recent revelation of massive investment in property by Pakistanis in Dubai of over $11 billion has not only...

Predictable decline of ANC

Rashed Rahman

The results of South Africa’s general elections have delivered a stunning blow to the ruling African National...

PARTLY FACETIOUS: ‘Prosecution’s cases are falling by the wayside’

Anjum Ibrahim

“So the same o same o.” “Yep, but there is one major change.” “Oh, that a former president of the US has...

Budget: govt between a rock and a hard place

Anjum Ibrahim

Contrary to earlier reports that the budget for next fiscal year will be presented to parliament on the 7June it is...

‘Strategic’ SOEs bereft of strategic merits

Ali Khizar

“There is no such thing as a strategic SOE.” This statement by Finance Minister Aurangzeb is spot on. However,...

Perspectives

Sovereign and strategic: looking at a budget beyond the IMF

Aania Alam

Recently, Pakistan’s coffers were replenished with the final tranche from the IMF’s Stand-by Agreement (SBA),...

Understanding net metering, gross metering, and net billing: Pakistan needs sustainable practices

Annam Lodhi

The recent buzz around gross metering has reignited discussions on renewable energy, a crucial subject as the world...

Dubai: learning from a tourism success story

Travel Recorder

“The future belongs to those who can imagine it, design it, and execute it. It isn’t something you await, but rather...

Life Style

Katy Perry had payday of over $5.4mn to perform at Ambani’s pre-wedding luxury cruise

Musician Katy Perry was paid a sum of over $5.4 million to perform at the second pre-wedding party held atop a... Published 03 Jun, 2024 03:06pm

Life & Style

Netflix drama ‘Heera Mandi’ stirs complex past of Pakistan’s ‘courtesans’

Updated 03 Jun, 2024 03:57pm

Life & Style

Media mogul Rupert Murdoch, 93, weds for the fifth time

Published 03 Jun, 2024 05:10pm

Sports

Carlos Alcaraz tackles Tsitsipas at French Open as Swiatek targets semis

PARIS: Carlos Alcaraz and Stefanos Tsitsipas square off Tuesday in a repeat of their French Open quarter-final from... Published 04 Jun, 2024 12:02pm

Sports

Rahul Dravid to bow out as India coach after T20 World Cup

Published 04 Jun, 2024 11:25am

Sports

Afghanistan rout debutants Uganda in T20 World Cup opener

Published 04 Jun, 2024 11:23am

Five players to watch at Euro 2024

LONDON: AFP Sport picks out five star names to look out for at Euro 2024 in Germany. Jude Bellingham (England) Fresh... Published 04 Jun, 2024 11:56am

Sports

Past European Championship winners

Published 04 Jun, 2024 11:31am

Sports

Serbia’s goal machine Mitrovic the lynchpin for Euro newcomers

Published 04 Jun, 2024 11:18am

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