News stories for Tanveer Ahmed

Tanveer Ahmed

Commercial operations: SHC asks PSO to refrain from giving preferential treatment

Sindh High Court (SHC) has ordered Pakistan State Oil (PSO) to refrain from according preferential treatment to any entity including National Logistic Cell (NLC) in the conduct of its commercial operations.

Published 09 Dec, 2019 12:00am

SHC allows sugar transit to Afghanistan

Sindh High Court (SHC) Friday allowed the safe transit of 262 containers of sugar, detained at port on the pretext of being unfit for human consumption, to Afghanistan in accordance with the relevant laws.

Published 07 Dec, 2019 12:00am

Mega Karachi water project gets no funds in 5 months

Federal Government has not released a single penny for Greater Karachi Water Supply project - commonly known as K-IV project - in the first five months of the current financial year.

Published 03 Dec, 2019 12:00am

Allocations: Sindh government sets fresh guidelines for ongoing ADP schemes

The Sindh government has set the guidelines for ongoing schemes in Annual Development Programme (ADP) by deciding to allocate 100 percent funds for a ongoing scheme for its completion in next year having throw-forward up to Rs 40.00 million.

Published 01 Dec, 2019 12:00am

Pakistan

Only 30 percent of funds released under ADP utilised in CFY's 1Q

Provincial departments in Sindh utilised only thirty percent of funds released for the schemes included in Annual Development Programme (ADP) in the first quarter of financial year 2019-20.

Published 30 Nov, 2019 12:00am

Pakistan

2020-21 to 2022-2023: Sindh's two departments to jointly prepare budget strategy paper

Sindh Finance Department and Planning & Development Department will jointly develop a budget strategy paper from 2020-21 to 2022-2023.

Published 29 Nov, 2019 12:00am

Pakistan

Sindh's debt may soar to Rs 409 billion by end of current FY

The total debt of Sindh has been projected to surge to Rs409 billion and Rs426 billion by the end of this financial year and during the next fiscal respectively. The total debt of Sindh presently stands around Rs356 billion by showing upward trend compare

Published 28 Nov, 2019 12:00am

Pakistan

Factors behind shortfall in Sindh's uplift expenditures highlighted

The actual development expenditure of the province has often remained less than the budgeted expenditures in Sindh due to multiple reasons, provincial government indicated in its official document. Development expenditure comprises provincial Annual Devel

Published 27 Nov, 2019 12:00am

Pakistan

Provision of gas, jobs to local people: Federal, Sindh govts asked to explain CCI decisions

Sindh High Court (SHC) on Monday issued notices to Federal and Sindh Governments to explain about the decisions of Council of Common Interests (CCI) viz-a-viz provision of gas to the localities, falling in the radius of five kilometers of gas fields in th

Published 26 Nov, 2019 12:00am

CPEC energy projects create 10,000 jobs

China-Pakistan Economic Corridor (CPEC)'s energy projects have contributed $250 million in taxes and provided 10,000 jobs by adding 14.5 percent of the total electricity output in NTDC system so far.

Published 22 Nov, 2019 12:00am

Pakistan

Balochistan development: China, Pakistan identify hurdles

China and Pakistan have identified that provincial tax exemption in Balochistan and provision of fiber optical communication would remove the hurdles in the way of development of Gwadar Free Economic Zone and sea port under China-Pakistan Economic Corrido

Published 17 Nov, 2019 12:00am

Pakistan

Sindh government challenges NAB Ordinance 2019 in SC

The Government of Sindh on Thursday challenged National Accountability (Amendment) Ordinance 2019 in Supreme Court (SC) on the pretext of being incompatible with Sindh Prison Act.

Published 15 Nov, 2019 12:00am

Oil, gas industry uplift: China to provide guidelines under CPEC

China has agreed on a development plan to provide effective guidelines for the development of oil and gas industry in Pakistan under China-Pakistan Economic Corridor (CPEC).

Published 14 Nov, 2019 12:00am

Pakistan

CPEC's social, economic projects to begin before 2020

Work on 17 out of 27 priority projects in social and economic development component of Chin-Pakistan Economic Corridor (CPEC) would commence before 2020.

Published 14 Nov, 2019 12:00am

CPEC energy projects: China for maintaining stability in taxes, power tariffs

China proposed Pakistan to maintain stability in taxes and power tariffs for CPEC energy projects while establishing a better regulated and more efficient power market.

Published 12 Nov, 2019 12:00am

Pakistan

CPEC projects: Pakistan, China agree to enhance security system

Pakistan and China have agreed to enhance cooperation to put in place a more effective security system for China-Pakistan Economic Corridor (CPEC) projects with Gwadar Port as pilot project in this regard.

Published 12 Nov, 2019 12:00am

Pakistan

Centre releases Rs 393 million for Karachi's educational projects under PSDP

Federal Government released Rs 393 million for various education projects in Karachi in the first four months of current financial year against the allocated funds in Public Sector Development Programme (PSDP) 2019-20.

Published 10 Nov, 2019 12:00am

Captive power plants: Sindh energy dept asked to resolve subsidy issue

Sindh High Court (SHC) on Tuesday ordered Sindh energy department to resolve the issue of subsidy to captive power plants in private sector in accordance with the law.

Published 06 Nov, 2019 12:00am

Pakistan

Sindh CM invited to JCC meeting of CPEC

The federal government has invited Sindh Chief Minister Murad Ali Shah to participate in 9th meeting of Joint Cooperation Committee (JCC) of China-Pakistan Economic Corridor (CPEC), scheduled for 6th November 2019 in Islamabad.

Published 05 Nov, 2019 12:00am

Karachi Package: No money released by Centre for four projects

The federal government has not released a single penny for the four development projects under federal-funded Karachi Package in first four months of current financial year despite allocating the amounts in the budget.

Published 03 Nov, 2019 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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