News stories for Tanveer Ahmed

Tanveer Ahmed

Wapda to hand over Rainee Canal Project to Sindh next year

Wapda will hand over Rainee Canal Project to the Irrigation Department of Sindh by June 30, 2021 after completion of rehabilitation work.

Published 05 Apr, 2020 12:00am

Kidnap-murder of Daniel Pearl: SHC overturns death sentence of Omar Sheikh

Sindh High Court (SHC) on Thursday commuted the death sentence of Omar Ahmed Sheikh, the main accused in kidnapping and murdering of American journalist Daniel Pearl and acquitted three co-accused by setting aside the life-imprisonment awarded by anti-ter

Published 03 Apr, 2020 12:00am

Pakistan

SHC orders D&SJ to obtain reports on spraying in jails

The Sindh High Court (SHC) on Saturday ordered the district and sessions judges to obtain reports from jail superintendents of the province regarding spray in jails, supply of sanitizers, masks, hand gloves, screening of inmates and tests of the coronavir

Published 29 Mar, 2020 12:00am

Pakistan

SHC rules out blanket release of prisoners on sole ground of coronavirus

The Sindh High Court (SHC) on Friday sought a report from the provincial government on steps taken to prevent the spread of the coronavirus in prisons after ruling out blanket release of prisoners from jails on the sole ground of the coronavirus as the ru

Published 28 Mar, 2020 12:00am

660MW Lucky electric coal-fired plant: Rs 750 million foreign financing for evacuation of power to be arranged

The government will arrange Rs 750 million foreign financing for "Evacuation of Power from 660 MW Lucky Electric Coal Fired Plant at Port Qasim" project. The project has been approved at the cost of Rs 1.315 billion, in which Rs 454 million would be finan

Published 26 Mar, 2020 12:00am

Pakistan

Investment plan: SHC orders Sindh Endowment Fund dept to submit SOPs

The Sindh High Court (SHC) has ordered Endowment Fund Department Sindh to submit SOPs for an investment plan in coordination with provincial Finance Department.

Published 25 Mar, 2020 12:00am

Pakistan

SHC orders government to provide face masks to paramedics

Sindh High Court (SHC) Friday ordered provincial government to ensure provision of face masks to paramedical staff in the hospitals of the province.

Published 21 Mar, 2020 12:00am

Revival of KCR: SC orders finance secretary to arrange Rs 6 billion funding

The Supreme Court (SC) has ordered the Federal Finance Secretary to arrange Rs6 billion funding for the revival of the Karachi Circular Railway (KCR). "Secretary Finance, who has to arrange the funding, is directed to ensure that there is no obstruction i

Published 13 Mar, 2020 12:00am

Pakistan

Centre will bear Rs 163 million operational deficit of Green Line BRTS

The federal government will bear Rs163 million operational deficit of Green Line BRTS, Karachi, for three years. Federal government's Sindh Infrastructure Development Company Limited (SIDCL) will manage the operation of Green Line, Karachi, for three year

Published 10 Mar, 2020 12:00am

Revival of KCR: SC rules out any extension in timeline

The Supreme Court (SC) on Friday ordered the federal and provincial governments to revive the Karachi Circular Railway (KCR) and ruled out any extension in the timeline. Chief Justice of Pakistan (CJP) Justice Gulzar Ahmed issued these orders when he was

Published 07 Mar, 2020 12:00am

Violation of 'Fiscal Responsibility and Debt Limitation Act': SHC seeks replies from government, SBP & DPCO by March 19

Sindh High Court on Wednesday issued notices to the federal government, State Bank of Pakistan (SBP) and Debt Policy Coordination Office (DPCO) in petition related to increase in public debt in violation of "Fiscal Responsibility and Debt Limitation Act,

Published 05 Mar, 2020 12:00am

Pakistan

K-IV, CTEP projects in limbo as funds yet to be released

Two key projects of Karachi in water and sewerage areas have been awaiting the release of funds or received short funds from the federal government as a part of its share for the completion of these projects.

Published 03 Mar, 2020 12:00am

Revival of KCR: SC raises questions over plan of Railways

The Supreme Court (SC) has raised some questions on the plan of Pakistan Railways to revive the Karachi Circular Railway (KCR) through Chinese financing and assistance under the China-Pakistan Economic Corridor (CPEC).

Published 29 Feb, 2020 12:00am

Pakistan

Second quarter: Sindh government's uplift expenditure stands at Rs 51.1 billion: report

The development expenditure of Sindh government in the second quarter of the current financial year stood at Rs 51.1 billion. The development expenditure for the province in the current budget was estimated at Rs 284.1 billion, which was enhanced to Rs 29

Published 27 Feb, 2020 12:00am

Dhabeji SEZ in Sindh: Investors to get up to 10-year tax holiday

The investors will enjoy 5-10 years tax holiday on income tax for investing in Dhabeji Special Economic Zone (DSEZ) in Sindh. Duty free imports of plant and machinery would also be allowed for the investment in Dhabeji SEZ, a presentation of Sindh Economi

Published 23 Feb, 2020 12:00am

Pakistan

SC asks Sindh government to furnish outlines of KCR's revival plan

Supreme Court (SC) on Friday sought the outlines of plan from Sindh Government about the revival of Karachi Circular Railway (KCR). "Submit the outlines of plan to tell the court that what government can do and what it can't," three-member bench of SC hea

Published 22 Feb, 2020 12:00am

Pakistan

Detailed order issued: KPT's board of trustees not authorised to create housing societies: SC

Supreme Court (SC) has ruled that the Board of Trustees of Karachi Port Trust (KPT) is not authorized under the law to create housing societies for its employees and lease, transfer or sell the property/land of the port to them.

Published 20 Feb, 2020 12:00am

SSIC submits compliance report in SHC

Various properties of Sindh Small Industries Corporation (SSIC), including vocational training centers, have been leased out to individuals and the lease periods vary 30 to 99 years.

Published 19 Feb, 2020 12:00am

Pakistan

KCR project's financing: EAD yet to forward Sindh government's request to China

The Sindh government's request regarding concessional financing for Karachi Circular Railway (KCR) project is pending with the Economic Affairs Division (EAD).

Published 12 Feb, 2020 12:00am

Pakistan

Federal government-funded projects: Sindh receives only 10 percent of funds

Sindh Government received only ten percent of funds for the federally-funded projects in Sindh, which it has been executing in the province against their allocations in Public Sector Development Programme (PSDP) up to mid of January 2020. The provincial g

Published 11 Feb, 2020 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 20	278.70
USD PKR Interbank Buying / Jan 20	278.50
USD to Japanese Yen / Jan 20	156.03
USD to Swiss Franc / Jan 20	0.91
Pound Sterling to USD / Jan 20	1.22
Euro to USD / Jan 20	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 20	77,231.09
Tokyo Nikkei / Jan 20	38,932.72
Hang Seng / Jan 20	19,990.17
FTSE 100 / Jan 20	8,532.51
Germany DAX 30 / Jan 20	20,903.07

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Crude Oil USD/Barrel / Jan 20	77.94
Gold Spot USD/Ounce / Jan 20	2,707.81
Cotton US¢/pound / Jan 20	67.60
Petrol/Litre / Jan 21	256.13

Gainers
Losers
Leaders

Stock	Price
Bank Makramah / Jan 20 Bank Makramah Limited(BML)	3.61 ▲ 0.91 (33.70%)
Burj Clean Energy Modaraba / Jan 20 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.60 ▲ 1.00 (13.16%)
Apna Microfin. / Jan 20 Apna Microfinance Bank Limited(AMBL)	10.50 ▲ 0.97 (10.18%)
I.C.C. Ind. / Jan 20 ICC Industries Limited(ICCI)	11.61 ▲ 1.06 (10.05%)
Loads Limited / Jan 20 Loads Limited(LOADS)	17 ▲ 1.55 (10.03%)
AKD Securities / Jan 20 AKD Securities Limited(AKDSL)	24.93 ▲ 2.27 (10.02%)
Ghani Chem. Ind. / Jan 20 Ghani Chemical Industries Limited(GCIL)	18.24 ▲ 1.66 (10.01%)
Attock Cement / Jan 20 Attock Cement Pakistan Limited(ACPL)	254.47 ▲ 23.13 (10.00%)
Baba Farid Sugar / Jan 20 Baba Farid Sugar Mills Limited(BAFS)	53.44 ▲ 4.86 (10.00%)

Stock	Price
Hussain Industries / Jan 20 Husein Industries Limited(HUSI)	31.09 ▼ -3.45 (-9.99%)
Faisal Sp. / Jan 20 Faisal Spinning Mills Limited(FASM)	334.01 ▼ -35.89 (-9.70%)
Parmount Sp. / Jan 20 Paramount Spinning Mills Limited(PASM)	4.61 ▼ -0.44 (-8.71%)
Sindh Abadgar / Jan 20 Sindh Abadgar's Sugar Mills Limited(SASML)	38.04 ▼ -3.46 (-8.34%)
MithchellsFruit / Jan 20 Mitchells Fruit Farms Limited(MFFL)	279 ▼ -24.10 (-7.95%)
LSE Financial Serv. / Jan 20 LSE Financial Services Limited(LSEFSL)	19.26 ▼ -1.62 (-7.76%)
AN Textile Mill / Jan 20 AN Textile Mills Limited(ANTM)	11.80 ▼ -0.99 (-7.74%)
Service Textile / Jan 20 Service Industries Textiles Limited(SERT)	13.82 ▼ -1.16 (-7.74%)
Masood Textile / Jan 20 Masood Textile Mills Limited(MSOT)	52.02 ▼ -4.22 (-7.50%)

Stock	Volume
WorldCall Telecom / Jan 20 Worldcall Telecom Limited(WTL)	101,934,297 ▼ -0.01
Lotte Chemical / Jan 20 Lotte Chemical Pakistan Limited(LOTCHEM)	59,408,954 ▲ 1.94
Bank Makramah / Jan 20 Bank Makramah Limited(BML)	57,604,421 ▲ 0.91
Hub Power Co. / Jan 20 The Hub Power Company Limited(HUBC)	36,888,747 ▲ 0.70
Hascol Petrol / Jan 20 Hascol Petroleum Limited(HASCOL)	32,496,536 ▲ 0.17
Dewan Motors / Jan 20 Dewan Farooque Motors Limited(DFML)	28,438,701 ▲ 1.02
Citi Pharma Ltd / Jan 20 Citi Pharma Ltd.(CPHL)	24,244,731 ▲ 7.71
Maple Leaf Cement / Jan 20 Maple Leaf Cement Factory Limited(MLCF)	19,741,577 ▲ 2.08
The Searle Co. / Jan 20 The Searle Company Limited(SEARL)	17,062,686 ▲ 4.29

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