News stories for Tanveer Ahmed

Tanveer Ahmed

KWSSIP investment plan to be implemented in four phases

Karachi Water & Sewerage Services Improvement Project (KWSSIP) investment plan will be implemented in four phases in 12 years involving $ 1.6 billion local and foreign funding. According to official documents available with Business Recorder, the KWSSIP i

Published 26 May, 2019 12:00am

SRB restrained from collecting GST from Chinese firm

Sindh High Court (SHC) Friday restrained Sindh Revenue Board (SRB) from collecting sales tax on services from M/s China Ocean Engineering Construction General Bureau (COECG), which is engaged in the contract of Karachi K-2 and K-3 Nuclear Power Plant Inta

Published 25 May, 2019 12:00am

Budgetary constraint in next five years: PC calls for reviewing MTPs as no subsidies to be available

Planning Commission has recommended that the federal and provincial governments of Sindh, Punjab and Khyber Pakhtunkhwa should undertake the critical review of mass-transit projects (MTPs) as the projected subsidies would not be available due to budgetary

Published 24 May, 2019 12:00am

SHC seeks details of recently adopted Musharraf-era police law

Sindh High Court (SHC) on Tuesday sought details of the bill recently adopted by Sindh Assembly to restore Police Order 2002 and debate over it in the provincial assembly. A division bench of the SHC comprising Justice Hassan Azhar Rizvi and Justice Aziz

Published 22 May, 2019 12:00am

SHC seeks details of recently adopted Musharraf-era police law

Published 22 May, 2019 12:00am

SGA moves SHC: Quality premium to sugarcane growers as per SC judgment sought

Sindh Growers Alliance (SGA) has moved Sindh High Court (SHC) against sugar mills in the province for non-compliance of judgment of the Supreme Court to pay quality premium to sugarcane growers. SGA with co-petitioner Syed Mureed Ali Shah Advocate filed t

Published 19 May, 2019 12:00am

World Bank to extend Rs 32.2 billion for 'CLICK' project

The World Bank will extend Rs 32.2 billion for "Competitive & Livable City of Karachi (CLICK)" project to transform the metropolis into a livable, inclusive and competitive mega city. According to the official documents of the project, the total cost of t

Published 18 May, 2019 12:00am

KCR land's retrieval: SC orders rehabilitation of people to be displaced

The Supreme Court has ordered the relevant authorities to rehabilitate the people to be displaced from the operation for revival of Karachi Circular Railway (KCR) and expressed the hopes that it would be done in one year. The SC in a detailed judgment on

Published 17 May, 2019 12:00am

Construction of Eastbay Expressway in Gwadar: Breakwater, allied facilities to be developed for displaced fishermen

Federal and Balochistan Governments will share the cost of over rupees one billion "Construction of Groyne Wall, Breakwater and allied works at Eastbay (Demizer), Gwadar" project equally to facilitate the local fishermen, to be displaced due to constructi

Published 16 May, 2019 12:00am

Construction of Eastbay Expressway in Gwadar: Breakwater, allied facilities to be developed for displaced fishermen

Published 16 May, 2019 12:00am

Construction of Eastbay Expressway in Gwadar: Breakwater, allied facilities to be developed for displaced fishermen

Published 16 May, 2019 12:00am

Postings, transfers: SHC directs Sindh government to legislate police rules by May 21

Sindh High Court (SHC) on Tuesday showed concern that its orders on police rules for postings and transfers have not been implemented even after passage of three months and directed Sindh government to legislate on it by May 21. A division bench of SHC co

Published 15 May, 2019 12:00am

Rupee depreciation pushes up cost of 500kV Moro power project

The depreciation of the rupee against the dollar has pushed up the cost of 500 kV Moro Substation, Naushehro Feroze Sindh by almost Rs 1 billion. The original PC-1 of the project put the total cost of the project at Rs.5.404 billion with the foreign excha

Published 12 May, 2019 12:00am

Rupee depreciation pushes up cost of 500kV Moro power project

Published 12 May, 2019 12:00am

Rupee depreciation pushes up cost of 500kV Moro power project

Published 12 May, 2019 12:00am

Military land for commercial purposes: SC rejects compliance report of defence ministry

Supreme Court (SC) on Thursday rejected the compliance report of Defence Ministry regarding the court orders, which put a ban on use of military land for commercial purposes in metropolis. At Karachi Registry, a two-member bench of the SC comprising Justi

Published 10 May, 2019 12:00am

Military land for commercial purposes: SC rejects compliance report of defence ministry

Published 10 May, 2019 12:00am

SHC seeks price fixation formula of POL products

Sindh High Court (SHC) on Tuesday sought the price fixation formula of petroleum products in the country and issued notices to the federal government on the latest price increase in the products. A division bench of the SHC headed by Justice Muhammad Ali

Published 08 May, 2019 12:00am

SHC seeks price fixation formula of POL products

Published 08 May, 2019 12:00am

Centre releases over Rs 10 billion for Karachi Package, GLBT project

Federal government has released Rs 6.154 billion and Rs 3.871 billion so far for Green Line Bus Rapid Transit project and Karachi Package, respectively, during the current financial year. In Public Sector Development Program (PSDP) for 2018-19, federal go

Published 05 May, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
FTSE 100 / Jan 20	8,520.54
Germany DAX 30 / Jan 20	20,990.31
France CAC40 / Jan 20	7,733.50
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	3.74 ▲ 0.34 (10.00%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	77.59 ▲ 7.05 (9.99%)
Shadman Cotton / Jan 21 Shadman Cotton Mills Limited(SHCM)	31.82 ▲ 2.89 (9.99%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.84 ▲ 9.84 (9.94%)

Stock	Price
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	22.51 ▼ -2.48 (-9.92%)
Kohat Textile / Jan 21 Kohat Textile Mills Limited(KOHTM)	32.32 ▼ -2.58 (-7.39%)
Punjab Oil / Jan 21 Punjab Oil Mills Limited(POML)	147 ▼ -11.02 (-6.97%)
Parmount Sp. / Jan 21 Paramount Spinning Mills Limited(PASM)	4.30 ▼ -0.31 (-6.72%)
Suhail Jute / Jan 21 Suhail Jute Mills Limited(SUHJ)	106 ▼ -7.47 (-6.58%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9.20 ▼ -0.61 (-6.22%)
GOC (Pak) / Jan 21 GOC (Pak) Limited.(GOC)	64.99 ▼ -4.10 (-5.93%)
Prosperity Weav / Jan 21 Prosperity Weaving Mills Limited(PRWM)	35 ▼ -2.00 (-5.41%)
Saritow Spinning / Jan 21 Saritow Spinning Mills Limited(SSML)	9.40 ▼ -0.53 (-5.34%)

Stock	Volume
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.13
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	57,800,421 ▲ 0.34
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	56,891,848 ▼ -0.03
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	38,118,034 ▲ 1.94
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	29,908,789 ▲ 0.28
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.16
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -1.28
Hub Power Co. / Jan 21 The Hub Power Company Limited(HUBC)	21,405,956 ▼ -2.89
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	19,827,701 ▲ 2.70

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