Home - Business Recorder

Updated 08 Jun, 2024 09:05pm

PM Shehbaz visits historical Terracotta Warriors Museum on Chinese President Xi Jinping’s invitation

Premier briefed on the preservation and restoration of historical heritage and the promotion of tourism

Ogra allows three refineries to export HSFO in June, July

Updated 08 Jun, 2024 09:04pm

Pakistan

Interior Minister meets UN Secretary-General, offers support for counterterrorism unit

Updated 08 Jun, 2024 07:34pm

Pakistan

Qatar lauds Pakistan Navy in ensuring maritime security

Updated 08 Jun, 2024 07:35pm

Markets

Over half of Aramco share sale allocated to foreign investors: sources

Updated 08 Jun, 2024 07:31pm

Sports

New York prepares for ‘high-voltage’ India-Pakistan cricket match

Updated 08 Jun, 2024 07:30pm

World

Thousands rally in London for Gaza ceasefire

Published 08 Jun, 2024 09:20pm

World

Hamas says 210 killed in Gaza camp where hostages rescued

Published 08 Jun, 2024 07:55pm

World

Rahul Gandhi nominated as leader of India’s opposition

Updated 08 Jun, 2024 07:32pm

World

Biden says Putin ‘not going to stop at Ukraine’

Published 08 Jun, 2024 08:58pm

Pakistan

4.5 magnitude earthquake jolts Swat, adjoining areas

Published 08 Jun, 2024 04:25pm

Must Read

Editorials

Environment emergency

Opinion

PM’s China visit: take-home messages

Perspectives

What’s up with Pakistan’s stock market?

Editorials

Policy rate manoeuvrability

Editorials

The pressing need for tax reforms

Opinion

Budget: rationalise taxation

Business & Finance

Pakistan being looked at ‘for future expansion,’ says top Emaar official in Dubai

Opinion

Need for revisit of deeply-rooted neoliberal economic policy mindset

BR Research

Road to medium term: the math is not adding up

Life & Style

Pakistanis spent $2.19bn on outbound tourism in 2023, highest in six years: report

Editorials

Indian elections: a glimmer of hope?

Calculate your monthly liability in FY24

NJLI Sarmaya Growth Fund Rates

Ogra allows three refineries to export HSFO in June, July

Categorisation of commercial SOEs: PM irked by delay in submission of summaries

Gold price per tola decreases Rs3,600 in Pakistan

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

Eid-ul-Adha 2024: Zil Hajj moon sighted in Pakistan, first day of Eid on June 17

Pakistanis spent $2.19bn on outbound tourism in 2023, highest in six years: report

Port of Mombasa: Kenya authorises release of 1,300 containers of Pakistani rice

Eid-ul-Adha 2024: Zil Hajj moon sighted in Saudi Arabia, first day of Eid on June 16

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 7	278.25
USD PKR Interbank Buying / Jun 7	278.05
USD to Japanese Yen / Jun 7	156.75
USD to Swiss Franc / Jun 7	0.90
Pound Sterling to USD / Jun 7	1.27
Euro to USD / Jun 7	1.08

Stock	Volume
S&P 500 / Jun 7	5346.99
India Sensex / Jun 7	76693.36
Tokyo Nikkei / Jun 7	38683.93
Nasdaq / Jun 7	17133.13
Hang Seng / Jun 7	18366.95
FTSE 100 / Jun 7	8245.37
Dow Jones / Jun 7	38798.99
Germany DAX 30 / Jun 7	18557.27

Item	Value
Crude Oil USD/Barrel / Jun 7	75.53
Karachi Cotton PKR/37.32 KG / Jun 7	19935
Gold 10 Grams PKR / Jun 7	208333
Gold Spot USD/Ounce / Jun 7	2293.78
Cotton US¢/pound / Jun 7	72.89
Petrol/Litre / Jun 8	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 7	278.25
USD PKR Interbank Buying / Jun 7	278.05
USD to Japanese Yen / Jun 7	156.75
USD to Swiss Franc / Jun 7	0.90
Pound Sterling to USD / Jun 7	1.27
Euro to USD / Jun 7	1.08

Stock	Volume
S&P 500 / Jun 7	5346.99
India Sensex / Jun 7	76693.36
Tokyo Nikkei / Jun 7	38683.93
Nasdaq / Jun 7	17133.13
Hang Seng / Jun 7	18366.95
FTSE 100 / Jun 7	8245.37
Dow Jones / Jun 7	38798.99
Germany DAX 30 / Jun 7	18557.27

Item	Value
Crude Oil USD/Barrel / Jun 7	75.53
Karachi Cotton PKR/37.32 KG / Jun 7	19935
Gold 10 Grams PKR / Jun 7	208333
Gold Spot USD/Ounce / Jun 7	2293.78
Cotton US¢/pound / Jun 7	72.89
Petrol/Litre / Jun 8	268.36

NJLI Sarmaya Growth Fund Rates

Ogra allows three refineries to export HSFO in June, July

Categorisation of commercial SOEs: PM irked by delay in submission of summaries

Gold price per tola decreases Rs3,600 in Pakistan

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

Eid-ul-Adha 2024: Zil Hajj moon sighted in Pakistan, first day of Eid on June 17

Pakistanis spent $2.19bn on outbound tourism in 2023, highest in six years: report

Port of Mombasa: Kenya authorises release of 1,300 containers of Pakistani rice

Eid-ul-Adha 2024: Zil Hajj moon sighted in Saudi Arabia, first day of Eid on June 16

Business & Finance

Bullion Rate

Gold price per tola decreases Rs3,600 in Pakistan

After remaining unchanged in the previous session, gold prices witnessed a massive fall in Pakistan on Saturday in... Published 08 Jun, 2024 02:20pm

BR Research

Road to medium term: the math is not adding up

The central bank of Pakistan believes that the medium-term inflation target of 5 – 7 percent shall be achievable by...

Published 07 Jun, 2024 08:12am

2024-06-08-03-22

May 2024: country gets highest-ever remittances

KARACHI: Pakistan received highest-ever monthly inflows of home remittances amounted to $ 3.2 billion in the month ... Published 08 Jun, 2024 07:00am

2024-06-08-03-22

Weekly SPI inflation up 0.45pc

ISLAMABAD: The Sensitive Price Index-based inflation for the week ended June 6, 2024, increased by 0.45 percent due... Published 08 Jun, 2024 07:00am

BR Research

Oil stutters: Bounce back likely

Having dropped to the lowest since February 2024 – Brent oil is staging a comeback of sorts, and all signs indicate...

Published 07 Jun, 2024 08:09am

2024-06-08-01-49

SECP increases fee for registration/filing of documents by 10pc

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has increased fee for registration/filing of... Published 08 Jun, 2024 07:00am

2024-06-08-01-49

Ads given for hiring of int’l consultants: Govt formally kicks start 5G spectrum auction process

ISLAMABAD: The government has formally kicked start the process of 5G spectrum auction in the country with ... Published 08 Jun, 2024 07:00am

2024-06-08-01-49

Livestock Insurance: SECP for establishing insurance pools

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has recommended establishing insurance pools or... Published 08 Jun, 2024 07:00am

2024-06-08-01-49

Exchange losses, GST cut & IFEM: OMAP approaches SIFC

ISLAMABAD: The Oil Marketing Association of Pakistan approached the Special Investment Facilitation Council... Published 08 Jun, 2024 07:00am

2024-06-08-01-25

Railways Pakistan, Russia sign MoU to enhance cooperation

ISLAMABAD: Pakistan and Russia have signed a memorandum of understanding (MoU) to enhance cooperation in the Railway... Published 08 Jun, 2024 07:00am

BR Research

Siemens (Pakistan) Engineering

Siemens (Pakistan) Engineering (PSX: SIEM) was incorporated in Pakistan as a public limited company in 1953. The...

Published 07 Jun, 2024 08:07am

BR Research

Oil sales recover

Monthly petroleum consumption has picked up a bit when looked at the monthly trend, and year-on-year trend recently....

Published 06 Jun, 2024 07:14am

BR Research

Cement: Nary a sign of growth

Latest recorded offtake for May 24 shows a marked improvement in dispatches, and not just that in the exports...

Published 06 Jun, 2024 07:08am

BR Research

Ittefaq Iron Industries Limited

Ittefaq Iron Industries Limited (PSX: ITTEFAQ) was incorporated in Pakistan as a private limited company in 2004 and...

Published 06 Jun, 2024 07:46am

Pakistan

PM Shehbaz visits historical Terracotta Warriors Museum on Chinese President Xi Jinping’s invitation

Premier briefed on the preservation and restoration of historical heritage and the promotion of tourism

Updated 08 Jun, 2024 09:05pm

Interior Minister meets UN Secretary-General, offers support for counterterrorism unit

António Guterres expresses his best wishes to the people and the government of Pakistan

Updated 08 Jun, 2024 07:34pm

Qatar lauds Pakistan Navy in ensuring maritime security

In a meeting with the Chief of Staff of the Qatari Forces, Admiral Naveed Ashraf highlights efforts for regional maritime peace and stability

Updated 08 Jun, 2024 07:35pm

4.5 magnitude earthquake jolts Swat, adjoining areas

There were no reports of casualties or serious damage after the quake

Published 08 Jun, 2024 04:25pm

2024-06-08-03-22

President confers Nishan-i-Pakistan on Prince Rahim Aga Khan

ISLAMABAD: President Asif Ali Zardari conferred the Award of Nishan-i-Pakistan upon Prince Rahim Aga Khan in... Published 08 Jun, 2024 07:00am

2024-06-08-03-22

PPP legislator chairs session despite Deputy Chairman Senate’s presence

ISLAMABAD: In an unusual move, a Pakistan Peoples Party (PPP) legislator, Friday, presided over the maiden sitting ... Published 08 Jun, 2024 07:00am

World

Middle East

Hamas says 210 killed in Gaza camp where hostages rescued

GAZA STRIP: Hamas’s government media office said at least 210 people were killed Saturday in Israeli attacks on a... Published 08 Jun, 2024 07:55pm

MENA

Israel army says rescued 4 Israeli hostages alive in Gaza

OCCUPIED JERUSALEM: The Israeli military said its troops had rescued on Saturday four Israeli hostages alive from... Published 08 Jun, 2024 06:16pm

Middle East

Thousands rally in London for Gaza ceasefire

LONDON: Thousands of people marched through central London to parliament on Saturday calling for a permanent... Published 08 Jun, 2024 09:20pm

Europe

Biden says Putin ‘not going to stop at Ukraine’

PARIS: US President Joe Biden on Saturday pledged Washington’s support for Kyiv in its battle against the Russian... Published 08 Jun, 2024 08:58pm

South Asia

Rahul Gandhi nominated as leader of India’s opposition

NEW DELHI: Prime Minister Narendra Modi’s chief rival Rahul Gandhi was nominated on Saturday to lead India’s... Updated 08 Jun, 2024 07:32pm

Editorials

Environment emergency

EDITORIAL: It’s unfortunate that days like World Environment Day still do not raise the kind of seriousness they...

Sad state of public sector hospitals

EDITORIAL: A common concern in this country is inadequate investment in the public healthcare system. Add to it...

Policy rate manoeuvrability

EDITORIAL: Domestic pressure is clearly mounting on the Monetary Policy Committee scheduled to meet on June 10 to...

The pressing need for tax reforms

EDITORIAL: That Pakistan’s moribund tax structure is in urgent need of a comprehensive overhaul is a reality that...

Indian elections: a glimmer of hope?

EDITORIAL: Following the announcement of results of India’s parliamentary elections on June 4, many in Pakistan...

Opinion

PM’s China visit: take-home messages

Farhat Ali

The much-trumpeted high level official visit of prime minister Shehbaz Sharif to China is at its tail end. It is a...

Eidul Azha in days gone by

Zia Ul Islam Zuberi

My childhood remembrance of Eidul Azha goes back to the sixties. We lived then in Jacob Lines, which were government...

PARTLY FACETIOUS: Samdhi and Sunak

Anjum Ibrahim

“Uh Oh!” “You will have to narrow it down. There are too many uh oh situations.” “Take a guess.” “The Deputy Prime...

Budget: rationalise taxation

Huzaima Bukhari | Dr Ikramul Haq | Abdul Rauf Shakoori

On the eve of another ritual exercise of announcing federal budget, official date has yet to be finalised, expected...

Need for revisit of deeply-rooted neoliberal economic policy mindset

Dr Omer Javed

In his visit to China, with PM and some other cabinet members, the finance minister, Muhammad Aurangzeb, while...

Perspectives

What’s up with Pakistan’s stock market?

Osama Rizvi

In the early minutes of trading on Friday, the KSE-100 – widely seen as the benchmark index – suffered a massive...

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...

Life Style

‘You have one life to live’: Sharmeen Obaid-Chinoy reflects on her new documentary

Two-time Oscar-winning filmmaker co-directed ‘Diane Von Furstenberg: Woman In Charge’

Updated 08 Jun, 2024 06:01pm

Life & Style

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