Home - Business Recorder

Updated 06 May, 2024 10:16pm

Iran, Pakistan seek ways to complete gas pipeline project: Iranian official

We see political determination from Pakistan to complete the project, says Iran's Consul General to Pakistan

Markets

Aurangzeb hopes PIA privatisation is finalised by July

Updated 06 May, 2024 09:49pm

Pakistan

Pakistan ‘a high-priority’ destination for Saudi Arabia: Al-Mubarak

Updated 06 May, 2024 10:10pm

Pakistan

Saudi Manara Minerals’ team in Pakistan for talks on Reko Diq mine stake, document shows

Updated 06 May, 2024 10:13pm

Markets

Rupee largely stable against US dollar

Updated 06 May, 2024 09:36pm

World

Gaza officials say Israel army strikes two Rafah areas it ordered evacuated

Updated 06 May, 2024 10:12pm

Markets

KSE-100 gains over 1% as bullish trend continues

Updated 06 May, 2024 09:34pm

World

India election chiefs warn political parties against AI deepfakes

Published 06 May, 2024 09:52pm

Business & Finance

Board approves Engro Corp, Dawood Hercules Corp restructuring plan

Updated 06 May, 2024 10:17pm

Pakistan

SC suspends PHC’s verdict against allocating reserved seats to Sunni Ittehad Council

Updated 06 May, 2024 08:56pm

Pakistan

PCB unveils ‘Matrix’ jersey for T20 World Cup 2024

Published 06 May, 2024 10:07pm

Must Read

Editorials

Hurting growth of formal economy

Opinion

Redemption of the power sector

Opinion

Inflation expectations: normalcy in sight?

BR Research

Wheat: executing a flawed policy poorly

Business & Finance

Master Changan Motors to launch Deepal S7 electric vehicles in Pakistan

Life & Style

‘Beygumbano’ talks colonialism and capitalism at World Art Dubai 2024

Editorials

Export promotion

Opinion

KSA and Pakistan: transforming ties

Editorials

PPP puts its full weight behind PPP

Opinion

Truth and nothing but the truth

Editorials

Punjab’s wheat crisis

Calculate your monthly liability in FY24

Fast-track solar PV projects by Arab countries: FBR asked to amend sales tax, income tax laws

NJLI Sarmaya Growth Fund Rates

Master Changan Motors to launch Deepal S7 electric vehicles in Pakistan

Wheat: executing a flawed policy poorly

SLIC’s 2023 business growth uncovers Pakistan’s untapped potential

Inflation expectations: normalcy in sight?

Wheat worth Rs330bn imported in 7 months

Blocking SIMs of non-filers: FBR decides to summon telcos’ operators

Gold price per tola jumps Rs2,500 in Pakistan

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 6	278.40
USD PKR Interbank Buying / May 6	278.20
USD to Japanese Yen / May 6	153.92
USD to Swiss Franc / May 6	0.91
Pound Sterling to USD / May 6	1.25
Euro to USD / May 6	1.08

Stock	Volume
S&P 500 / May 3	5127.79
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
India Sensex / May 6	74134.73
Hang Seng / May 6	18465.58
Germany DAX 30 / May 6	18032.07

Item	Value
Petrol/Litre / May 6	288.49
Crude Oil USD/Barrel / May 6	78.37
Karachi Cotton PKR/37.32 KG / May 6	19935
Gold 10 Grams PKR / May 6	206190
Gold Spot USD/Ounce / May 6	2311.29
Diesel/Litre / May 6	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 6	278.40
USD PKR Interbank Buying / May 6	278.20
USD to Japanese Yen / May 6	153.92
USD to Swiss Franc / May 6	0.91
Pound Sterling to USD / May 6	1.25
Euro to USD / May 6	1.08

Stock	Volume
S&P 500 / May 3	5127.79
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
India Sensex / May 6	74134.73
Hang Seng / May 6	18465.58
Germany DAX 30 / May 6	18032.07

Item	Value
Petrol/Litre / May 6	288.49
Crude Oil USD/Barrel / May 6	78.37
Karachi Cotton PKR/37.32 KG / May 6	19935
Gold 10 Grams PKR / May 6	206190
Gold Spot USD/Ounce / May 6	2311.29
Diesel/Litre / May 6	281.96

Fast-track solar PV projects by Arab countries: FBR asked to amend sales tax, income tax laws

NJLI Sarmaya Growth Fund Rates

Master Changan Motors to launch Deepal S7 electric vehicles in Pakistan

Wheat: executing a flawed policy poorly

SLIC’s 2023 business growth uncovers Pakistan’s untapped potential

Inflation expectations: normalcy in sight?

Wheat worth Rs330bn imported in 7 months

Blocking SIMs of non-filers: FBR decides to summon telcos’ operators

Gold price per tola jumps Rs2,500 in Pakistan

Business & Finance

Business & Economy

Iran, Pakistan seek ways to complete gas pipeline project: Iranian official

We see political determination from Pakistan to complete the project, says Iran's Consul General to Pakistan

Updated 06 May, 2024 10:16pm

BR Research

Wheat: executing a flawed policy poorly

If you want to make a muck of something, entrust it to the government. Starting in 2019, this will be the fifth...

Published 06 May, 2024 08:43am

Companies

Board approves Engro Corp, Dawood Hercules Corp restructuring plan

Under proposed restructuring, Engro Corp will become a wholly-owned subsidiary of DH Corp

Updated 06 May, 2024 10:17pm

Commodities

Gold price per tola jumps Rs2,500 in Pakistan

After falling for six straight sessions, gold prices rebounded in Pakistan on Monday in line with their increase in... Updated 06 May, 2024 09:18pm

BR Research

Thatta Cement Company Limited

Thatta Cement Company Limited (PSX: THCCL) was incorporated in Pakistan as a public limited company in 1980. The...

Published 06 May, 2024 08:38am

Climate change: Pakistan urges ADB to deploy additional resources for vulnerable countries

Federal Minister for Economic Affairs Ahad Khan Cheema urged the Asian Development Bank (ADB) to deploy additional... Published 06 May, 2024 02:07pm

Business & Economy

Aurangzeb hopes PIA privatisation is finalised by July

Finance minister says IMF mission expected to arrive in Pakistan in the next seven to ten days

Updated 06 May, 2024 09:49pm

Business & Economy

Pakistan ‘a high-priority’ destination for Saudi Arabia: Al-Mubarak

Ibrahim Al-Mubarak, Assistant Minister of Investment in the Kingdom of Saudi Arabia (KSA), said that the kingdom’s... Updated 06 May, 2024 10:10pm

Industry

Master Changan Motors to launch Deepal S7 electric vehicles in Pakistan

Master Changan Motors Limited (MCML) is set to introduce its first pure electric vehicle brand in Pakistan – Deepal... Published 06 May, 2024 11:28am

Stocks

KSE-100 gains over 1% as bullish trend continues

The Pakistan Stock Exchange (PSX) maintained its bullish trend as the benchmark KSE-100 Index gained over 1% during... Updated 06 May, 2024 09:34pm

BR Research

Inflation: is the worst over?

The headline is that the headline inflation is finally below 20 percent. It stood at 17.3 percent for April 24 – the...

Updated 03 May, 2024 09:55am

BR Research

MARI – earnings slip in 3Q

Mari Petroleum Company Limited (PSX: MARI) announced its financial performance recently, posting a decline in the...

Published 03 May, 2024 09:07am

BR Research

Highnoon Laboratories Limited

Highnoon Laboratories Limited (PSX: HINOON) was incorporated in Pakistan as a private limited company in 1984 and...

Updated 03 May, 2024 09:00am

BR Research

Addressing nutrition challenges key to human development

Pakistan’s socioeconomic priorities need to change to adapt to the modern economic structures. The country missed...

Published 02 May, 2024 08:00am

Pakistan

PCB unveils ‘Matrix’ jersey for T20 World Cup 2024

The Pakistan Cricket Board (PCB) on Monday unveiled the national cricket team’s official jersey for the upcoming T20... Published 06 May, 2024 10:07pm

Saudi Manara Minerals’ team in Pakistan for talks on Reko Diq mine stake, document shows

ISLAMABAD: Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about... Updated 06 May, 2024 10:13pm

Faizabad dharna: CJP Isa dissatisfied with commission’s report

The Supreme Court (SC) expressed on Monday its dissatisfaction with the report submitted by an inquiry commission... Updated 06 May, 2024 05:29pm

SC suspends PHC’s verdict against allocating reserved seats to Sunni Ittehad Council

The Supreme Court (SC) suspended on Monday the Peshawar High Court’s (PHC) order against allocating reserved seats... Updated 06 May, 2024 08:56pm

Companies

KE says 71% of its service territory remains loadshed exempt

K-Electric (KE) has said that 71% of KE’s service territory remains loadshed exempt, adding that the remaining... Published 06 May, 2024 11:42am

2024-05-06-01-45

Dar greets Gambian president for organising OIC summit

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar held a bilateral meeting with President of the... Published 06 May, 2024 05:30am

World

MENA

Gaza officials say Israel army strikes two Rafah areas it ordered evacuated

Hamas says it accepts ceasefire proposal of Egypt, Qatar

Updated 06 May, 2024 10:12pm

MENA

Biden, Netahyahu to speak on Rafah: White House

WASHINGTON: US President Joe Biden will speak to Israeli Prime Minister Benjamin Netanyahu Monday after Israel’s... Published 06 May, 2024 07:02pm

Europe

Russia says captured two frontline villages in Ukraine

MOSCOW: Russia said on Monday its forces had captured two more frontline villages in Ukraine, including in the... Published 06 May, 2024 05:31pm

Europe

EU ready for ‘tough decisions to protect economy’, von der Leyen tells China

PARIS: European Commission President Ursula von der Leyen said on Monday that the EU would not shrink back from... Published 06 May, 2024 05:28pm

South Asia

India election chiefs warn political parties against AI deepfakes

NEW DELHI: India’s election authorities on Monday warned political parties against using artificial intelligence to... Published 06 May, 2024 09:52pm

Editorials

Hurting growth of formal economy

EDITORIAL: At a time when the federal government and finance minister are all talking about documenting the economy...

The Maulana wasn’t entirely wrong

EDITORIAL: Politics is a fickle business. JUI-F (Jamiat Ulema-e-Islam Pakistan) chief Maulana Fazlur Rehman headed...

Export promotion

EDITORIAL: It seems the Pakistan Business Council (PBC) is doing the government’s, especially the commerce...

Combating corruption

EDITORIAL: Speaking at a Labour Day event in Lahore, Shehbaz Sharif while talking about challenging economic...

PPP puts its full weight behind PPP

EDITORIAL: Bilawal Bhutto Zardari, Chairman of the Pakistan People’s Party (PPP), on the occasion of the...

Opinion

Redemption of the power sector

Anjum Ibrahim

A host of sectoral lacunas prevailing in the energy sector have yet to be tackled leave alone overcome and the...

Inflation expectations: normalcy in sight?

Ali Khizar

The recent data points and trends suggest that inflation is likely to come down at a faster pace than expected. This...

Palestine and pseudo-democracy in a free Orwellian world

Dr Saulat Nagi

“I am in blood,” Macbeth says, “stepped in so far that should I wade no more,/returning were as tedious as go...

KSA and Pakistan: transforming ties

Zeeshan Ul Rub Jaffri

Pakistan and Kingdom of Saudi Arabia (KSA) appear to have finally decided to put their so-called fraternal relations...

Truth and nothing but the truth

Farhat Ali

Shehbaz Sharif made some honest appraisal of the current governance and economic challenges faced by his government...

Perspectives

Dubai’s booming gastronomy scene: there is a lesson here

Rehan Ayub

Organised by Dubai’s Festivals and Retail Establishment, the 11th edition of Dubai Food Festival (DFF) is set to...

Return of the turncoats: a familiar tale in Balochistan politics

Imtiaz Baloch

Recent years have seen tumultuous political conditions in Pakistan with no one party able to form a clear majority,...

Practical significance of the global security initiative (GSI)

S. M. Hali

On April 21, 2024, the Global Security Initiative (GSI) celebrated its second anniversary since its launch. This...

Life Style

Wynn Al Marjan releases new details of gaming resort in Ras Al Khaimah

The $3.9-billion resort is set to open in 2027, become MENA's first casino

Updated 06 May, 2024 06:05pm

Life & Style

Most Popular

Most Popular