Home - Business Recorder

Updated 27 May, 2024 01:32pm

Major changes in tax laws expected through Finance Bill 2024

Enforcement measures of Rs 300-400 billion expected in 2024-25

Markets

Intra-day update: rupee largely stable against US dollar

Published 27 May, 2024 11:01am

Markets

Selling pressure seen at PSX, KSE-100 down over 200 points

Updated 27 May, 2024 01:39pm

Pakistan

US ambassador Blome reiterates support for Pakistan’s economic reform agenda

Published 27 May, 2024 03:42pm

World

Israeli airstrikes kill at least 35 in Rafah, Gaza authorities say

Updated 27 May, 2024 12:29pm

Markets

Oil steadies after weekly decline on US interest rate prospects

Updated 27 May, 2024 03:11pm

Business & Finance

Honda Atlas Cars’ profit-after-tax rises nearly 800%, clocks in at Rs2.33bn

Published 27 May, 2024 01:31pm

Markets

Gold prices reverse losing trend, gain Rs800 per tola in Pakistan

Published 27 May, 2024 02:37pm

Public assets: Ministry seeks data to share it with IMF

Updated 27 May, 2024 11:43am

Malik Riaz says has refused to become ‘pawn’

Updated 27 May, 2024 11:58am

Previous flawed decisions hampering improvement in power sector?

Updated 27 May, 2024 09:23am

Must Read

Editorials

IMF programme: there is need for design audit

Opinion

Budget projections for FY25

Opinion

The long and winding road to revitalising investment

Markets

Amid funding crunch, solar companies are being offered a door at PSX

BR Research

Tackling the solar storm

Editorials

Neelum-Jehlum breakdown, again

Opinion

Pakistan’s energy sector: Growing burden of circular debt

Editorials

The solar net metering debate

Opinion

‘A normal country does not need IMF programme but...’

Editorials

Reducing public sector footprint in cash crops

Opinion

Budgets 2024: thinking afresh

Calculate your monthly liability in FY24

Major changes in tax laws expected through Finance Bill 2024

Public assets: Ministry seeks data to share it with IMF

Tackling the solar storm

Previous flawed decisions hampering improvement in power sector?

Malik Riaz says has refused to become ‘pawn’

The long and winding road to revitalising investment

NJLI Sarmaya Growth Fund Rates

The solar net metering debate

Cabinet approves rules for speedy disposal of tax cases

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 27	278.43
USD PKR Interbank Buying / May 27	278.23
USD to Japanese Yen / May 27	156.83
USD to Swiss Franc / May 27	0.91
Pound Sterling to USD / May 27	1.27
Euro to USD / May 27	1.08

Stock	Volume
S&P 500 / May 24	5304.72
Nasdaq / May 24	16920.80
FTSE 100 / May 24	8317.59
Dow Jones / May 24	39069.59
France CAC40 / May 24	8094.97
India Sensex / May 27	75695.15
Tokyo Nikkei / May 27	38836.65
Hang Seng / May 27	18805.33

Item	Value
Petrol/Litre / May 27	273.10
Crude Oil USD/Barrel / May 27	77.98
Karachi Cotton PKR/37.32 KG / May 27	19935
Gold 10 Grams PKR / May 27	206447
Gold Spot USD/Ounce / May 27	2343.69
Diesel/Litre / May 27	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 27	278.43
USD PKR Interbank Buying / May 27	278.23
USD to Japanese Yen / May 27	156.83
USD to Swiss Franc / May 27	0.91
Pound Sterling to USD / May 27	1.27
Euro to USD / May 27	1.08

Stock	Volume
S&P 500 / May 24	5304.72
Nasdaq / May 24	16920.80
FTSE 100 / May 24	8317.59
Dow Jones / May 24	39069.59
France CAC40 / May 24	8094.97
India Sensex / May 27	75695.15
Tokyo Nikkei / May 27	38836.65
Hang Seng / May 27	18805.33

Item	Value
Petrol/Litre / May 27	273.10
Crude Oil USD/Barrel / May 27	77.98
Karachi Cotton PKR/37.32 KG / May 27	19935
Gold 10 Grams PKR / May 27	206447
Gold Spot USD/Ounce / May 27	2343.69
Diesel/Litre / May 27	274.08

Major changes in tax laws expected through Finance Bill 2024

Public assets: Ministry seeks data to share it with IMF

Tackling the solar storm

Previous flawed decisions hampering improvement in power sector?

Malik Riaz says has refused to become ‘pawn’

The long and winding road to revitalising investment

NJLI Sarmaya Growth Fund Rates

The solar net metering debate

Cabinet approves rules for speedy disposal of tax cases

Business & Finance

Business & Economy

US ambassador Blome reiterates support for Pakistan’s economic reform agenda

US Ambassador Donald Blome on Monday underlined Washington’s ongoing support for Pakistan’s economic reform agenda... Published 27 May, 2024 03:42pm

BR Research

Tackling the solar storm

The rooftop solar penetration is increasing at a rapid pace due to falling prices for solar plates as well as...

Published 27 May, 2024 08:51am

Commodities

Gold prices reverse losing trend, gain Rs800 per tola in Pakistan

Gold prices in Pakistan reversed a five-session downward trajectory, increasing by Rs800 per tola on Monday, in line... Published 27 May, 2024 02:37pm

Companies

Honda Atlas Cars’ profit-after-tax rises nearly 800%, clocks in at Rs2.33bn

Despite facing massive decline in sales, the profit-after-tax (PAT) of Honda Atlas Cars (Pakistan) Limited (HCAR)... Published 27 May, 2024 01:31pm

BR Research

An interview with Fabio Ricci of FederUnacoma Italian Agricultural Machinery Manufacturers Association

Pakistan’s private sector can team up with Italian industry to provide the latest farm technology on a rental basis...

Published 27 May, 2024 08:46am

Stocks

Selling pressure seen at PSX, KSE-100 down over 200 points

Selling pressure was witnessed at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 index lost over 200... Updated 27 May, 2024 01:39pm

Exchange

Intra-day update: rupee largely stable against US dollar

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

Published 27 May, 2024 11:01am

Energy

Oil steadies after weekly decline on US interest rate prospects

LONDON: Oil prices were little changed on Monday, making marginal advances in muted trade owing to public holidays... Updated 27 May, 2024 03:11pm

2024-05-27-03-17

Iran plans to raise oil output to 4m barrels per day

DUBAI: Iran has approved a plan to raise its oil output to four million barrels per day, the country’s Tasnim news... Published 27 May, 2024 05:52am

Stocks

Amid funding crunch, solar companies are being offered a door at PSX

KARACHI: On top of uncertainty around the government’s consideration to cut buyback rates, adoption of solar power... Updated 27 May, 2024 11:34am

BR Research

IT exports 10MFY24

IT exports have been witnessing a recovery over the past 5 months of FY24. Total IT exports for 9MFY24 stood at...

Published 24 May, 2024 08:58am

BR Research

Sapphire Fibres Limited

Sapphire Fibres Limited (PSX: SFL) was incorporated in Pakistan as a public limited company in 1979. The principal...

Published 24 May, 2024 08:53am

BR Research

Power sector: The rut, the rot, the riot

April 2024 marked the 7th straight month of electricity generation going down year-on-year. Make it 19 out of the...

Published 23 May, 2024 08:14am

BR Research

Imported cotton demand: a threat managed?

Earlier this month, the IMF came under fire for projecting a significantly exaggerated forecast of Pakistan’s trade...

Updated 23 May, 2024 05:53pm

Pakistan

2024-05-27-01-17

Gandapur meets IK

ISLAMABAD: The Chief Minister Khyber Pakhtunkhwa Ali Amin Gandapur on Sunday called on the founding chairman of... Published 27 May, 2024 05:52am

2024-05-27-01-05

Alkhidmat Foundation’s Women Wing initiates ‘Gaza Packing Drive’

LAHORE: Alkhidmat Foundation Women Wing has initiated a three-day ‘Gaza Packing Drive’ aimed at providing... Published 27 May, 2024 05:52am

2024-05-27-01-05

PDA decides to carry out construction of 8 underpasses/flyovers

PESHAWAR: The Board of Directors (BoD) of Peshawar Development Authority (PDA) has decided construction of... Published 27 May, 2024 05:52am

2024-05-27-01-05

Palestine recognition: PM greets Norway’s decision

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday lauded Norway’s decision to recognise the State of Palestine in... Published 27 May, 2024 05:52am

2024-05-27-01-05

Emirs of Kuwait, Qatar agree to visit Pakistan

ISLAMABAD: Kuwait’s Emir Sheikh Meshal Al-Ahmad Al-Sabah and Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani have... Published 27 May, 2024 05:52am

2024-05-27-01-05

Maryam pays tribute to martyred army men

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif paid tribute to the great sacrifice of martyred Captain Hussain... Published 27 May, 2024 05:52am

World

MENA

Rafah strikes could ‘hinder’ Gaza truce talks: mediator Qatar

DOHA: Israel’s latest strikes on a displaced people’s camp near Gaza’s southern city of Rafah could hinder talks... Published 27 May, 2024 03:27pm

More than 2,000 could be buried in Papua New Guinea landslide, authorities say

SYDNEY: More than 2,000 people could be buried alive by a massive landslide in Papua New Guinea last week, the... Published 27 May, 2024 12:49pm

Europe

EU set to discuss Rafah mission, Borrell criticises Israel’s Netanyahu

BRUSSELS: The European Union aims to agree in principle on Monday to press ahead with an EU border mission at Rafah,... Published 27 May, 2024 01:42pm

Europe

Russia invites Afghanistan’s Taliban to major economic forum

MOSCOW: Russia has invited Afghanistan’s Taliban to its biggest annual economic forum as Moscow moves to remove a... Updated 27 May, 2024 03:14pm

South Asia

Millions without power as cyclone Remal pounds Bangladesh and India

DHAKA/KOLKATA: Strong winds and heavy rain pounded the coastal regions of Bangladesh and India as severe cyclone... Published 27 May, 2024 09:52am

Editorials

IMF programme: there is need for design audit

EDITORIAL: Multilaterals, including the International Monetary Fund (IMF), have developed independent audit...

Attack on a PTI leader

EDITORIAL: There is no place in a democratic order for intolerance towards differences of opinion. Unfortunately in...

Neelum-Jehlum breakdown, again

EDITORIAL: The prime minister will have to do a lot more than order an inquiry into the latest “technical fault” at...

Legislature and judiciary

EDITORIAL: The way criticism of the judiciary is echoing in the Senate, growing ever louder as legislators use...

The solar net metering debate

EDITORIAL: Recent weeks have seen much confusion prevail with respect to the government’s existing solar net...

Opinion

Budget projections for FY25

Anjum Ibrahim

There is overwhelming evidence that approval of the budget for next fiscal year, reportedly to be presented to...

The long and winding road to revitalising investment

Ali Khizar

Pakistan’s investment-to-GDP ratio is at its lowest in fifty years, despite promises of tens of billions in ...

The claim of China’s ‘overcapacity’ is a fallacy

Yang Yundong

Recently, the United States and other Western countries have been incessantly hyping the so-called “overcapacity...

Safeguard industrial efficiency

Shahid Sattar

The government’s recent contemplation of cutting off gas supply to industrial captive power plants (CPPs) while...

Pakistan’s energy sector: Growing burden of circular debt

Dr Muhammad Fahim Khan

As a result of the alleged corruption and ineptitude of the power bureaucracy in the country, the cost of dealing...

Perspectives

Net-metering: turning up the heat on Pakistani people instead of IPPs

Bilal Hussain

As usual, Pakistan finds itself caught in a quagmire when it comes to its energy policy. Never mind that it added...

Can aging thermal power plants in Pakistan be revitalised?

Haneea Isaad

In line with Pakistan’s dedication towards indigenising its energy mix, a new proposal is gaining traction:...

The revolving door of instability in Pakistan

Umair Jamal

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

Life Style

Spain’s national art museum to unveil newly verified Caravaggio

MADRID: A painting by Italian master Caravaggio, once mistakenly thought to be by an unknown artist and almost... Published 27 May, 2024 01:38pm

Pakistan

Alhamra Art, Qatar Islamic Art museums forge new cultural partnership

Published 27 May, 2024 05:52am

Life & Style

Veteran actor Talat Hussain passes away in Karachi

Updated 26 May, 2024 07:21pm

Sports

Spain name Torres, Perez in Euro 2024 squad, Asensio left out

MADRID: Forward Marco Asensio was the surprise omission when three-time champions Spain named their 29-man... Published 27 May, 2024 03:35pm

Sports

Five young cricket stars who lit up the IPL

Published 27 May, 2024 12:06pm

Sports

PSG and French football prepare for challenges of post-Mbappe era

Published 27 May, 2024 12:03pm

Cricket’s T20 giants and minnows ready to battle in USA and Caribbean

FORT LAUDERDALE: Cricket’s ability to grow its global presence beyond its heartlands, while still maintaining the... Published 27 May, 2024 12:00pm

Sports

West Indies complete 3-0 T20I series rout of South Africa

Published 27 May, 2024 11:56am

Sports

Men’s Twenty20 World Cup champions

Published 27 May, 2024 11:24am

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