News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

Petrol price: 8.65 percent benefit passed on against 32.86pc actual cut

ISLAMABAD: The federal government has passed on 8.65 percent benefit of cost of supply of petrol (Mogas) to general...

Published 02 Jun, 2020 03:25am

Petrol prices slashed by Rs 7.06

ISLAMABAD: The government has announced a significant reduction in the prices of petroleum products other than High...

Updated 01 Jun, 2020 10:05am

Ogra recommends slashing of prices of petroleum products

The Oil and Gas Regulatory Authority (Ogra) on Friday calculated an increase in the price of high-speed diesel (HSD), but it recommended slashing of prices of other petroleum products by up to Rs11.88 per litre for June 2020. In line with the slump in glo

Published 30 May, 2020 12:06am

Supply of petrol, diesel: Ogra sent letters to OMCs thrice

The Oil and Gas Regulatory Authority (Ogra) sent letters to oil marketing companies (OMCs) three times to ensure adequate supply of high speed diesel (HSD) and petrol in interior Sindh and Southern Punjab, in line with the directives of the federal govern

Published 28 May, 2020 12:03am

Corona Relief Tiger Force enters Sindh

Special Assistant on Youth Affairs Muhammad Usman Dar announced on Wednesday the services of Corona Relief Tiger Force for Sindh, setting aside the strong resistance from the provincial government.

Published 21 May, 2020 12:09am

Ogra may face lack of quorum as member's contract expired

The Oil and Gas Regulatory Authority (Ogra) may face lack of quorum as member oil's contract expired on Friday, and contract of chairperson will expire in July.

Published 19 May, 2020 12:02am

Developers, enterprises: BoI seeks extension in period of incentives for SEZs

The Board of Investment (BoI) has moved a summary to the Finance Division asking for extending incentives for the developers and enterprises for Special Economic Zones (SEZs), which will expire on June 2020. A summary is included in the agenda items of th

Published 16 May, 2020 12:07am

Prices of RLNG slashed for May

The Oil and Gas Regulatory Authority (Ogra) on Thursday cut the prices of re-gasified liquefied natural gas (RLNG) to $1.84 per mmbut for SNGPl May and $1.806 per mmbtu for end consumers of the Sui Southern Gas Company (SSGC) over previous month.

Published 08 May, 2020 12:05am

POL products' prices slashed by up to Rs 30

The federal government on Thursday slashed the prices of all petroleum products by up to Rs30.01 per litre for May by adjusting petroleum levy (PL).

Published 01 May, 2020 12:54am

POL products: Ogra recommends up to 56.8 percent price reduction

The Oil and Gas Regulatory Authority (Ogra) has recommended up to 56.8 percent reduction in the prices of petroleum products for May as a result of falling global crude oil prices and suppressed demand due to the COVID-19.

Published 30 Apr, 2020 12:07am

PSM revival: FAs submit first draft of due diligence report

The transaction committee of Pakistan Steel Mills (PSM) has received first draft of due diligence report from the financial advisors (FAs) appointed for its revival.

Published 28 Apr, 2020 11:42pm

Government mulling doing away with deemed duty on HSD sales

Federal government is considering doing away with deemed duty on high speed diesel (HSD) sales as oil refineries have stalled upgradation of their production processes and plants to produce better grade petroleum products, sources said.

Published 28 Apr, 2020 12:54am

CNG sector on the brink of bankruptcy due to lockdown

The CNG sector has reached to the brink of bankruptcy as consumption has been reduced by almost 60 percent following lockdown.

Published 23 Apr, 2020 02:53am

ECC shelves installation of all LPG mix supply plants

The Economic Coordination committee (ECC) of the Cabinet has shelved the execution of the already ECC approved new liquefied petroleum gas (LPG) Air Mix supply Projects by the Sui companies.

Published 11 Apr, 2020 12:00am

RLNG plants' sell-off: Pre-qualified bidders assured of timeline extension

The Privatisation Commission has assured the pre-qualified bidders for the privatisation of two RLNG power plants (Haveli Bahadursha and Balloki) to extend the timelines for the transaction in the wake of coronavirus pandemic.

Published 05 Apr, 2020 12:00am

Pakistan

Framework for SEZs: BoI initiates consultation process

The Board of Investment (BoI) has initiated consultation process for development of a national framework for the Special Economic Zones (SEZs) development, including a policy for private zones, single enterprise zones, conversion of existing industrial es

Published 04 Apr, 2020 12:00am

Pakistan

Farhan Shafi appointed PMDC MD

The federal cabinet has approved the appointment of Farhan Shafi as managing director Pakistan Mineral Development Corporation (Pvt) Limited for a period of three years.

Published 03 Apr, 2020 12:00am

Ogra slashes LPG price by Rs462.78

The Oil and Gas Regulatory Authority (OGRA) has slashed the price of indigenous liquefied petroleum gas (LPG) by Rs462.78 per 11.8kg domestic cylinder for the month of April 2020, due to low consumption and decline in petroleum price globally.

Published 01 Apr, 2020 12:00am

SKMT board member appointed BoI chairman

The federal government has appointed a board member of Shaukat Khanum Memorial Trust (SKMT) as Chairman Board of Investment (BoI). Federal Cabinet through a circular appointed Atif Bokhari as Chairman BoI. Atif Bokhari is part of 12-member honorary board

Published 31 Mar, 2020 12:00am

LNG deal with Qatar: Govt under pressure to declare force majeure

Federal Government is under pressure to declare force majeure in its liquefied natural gas (LNG) deal with Qatar following a sharp decline in gas demand in the wake of lockdown due to coronavirus spread, sources said.

Published 29 Mar, 2020 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 22	154.78
USD to Swiss Franc / Nov 22	0.89
Pound Sterling to USD / Nov 22	1.26
Euro to USD / Nov 22	1.05

Stock	Volume
S&P 500 / Nov 21	5,948.71
Nasdaq / Nov 21	18,972.42
Dow Jones / Nov 21	43,870.35
India Sensex / Nov 22	78,147.34
Tokyo Nikkei / Nov 22	38,283.85
Hang Seng / Nov 22	19,170.91
FTSE 100 / Nov 22	8,202.46
Germany DAX 30 / Nov 22	19,225.74

Item	Value
Petrol/Litre / Nov 22	248.38
Crude Oil USD/Barrel / Nov 22	70.18
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Gold Spot USD/Ounce / Nov 22	2,691.90
Diesel/Litre / Nov 22	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▼ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▼ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▼ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▲ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▲ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▲ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 22 Worldcall Telecom Limited(WTL)	95,563,962 ▲ 0.00
Pace (Pak) Ltd. / Nov 22 Pace (Pakistan) Limited(PACE)	51,499,190 ▲ 0.00
Kohinoor Spining / Nov 22 Kohinoor Spinning Mills Limited(KOSM)	48,260,119 ▲ 0.00
K-Electric Ltd. / Nov 22 K-Electric Limited(KEL)	44,585,332 ▲ 0.00
Treet Battery / Nov 22 Treet Battery Limited(TBL)	42,849,466 ▲ 0.00
Waves Home Appliances / Nov 22 Waves Home Appliances Limited(WAVESAPP)	41,650,133 ▲ 0.00
PIA Holding Co.Ltd / Nov 22 PIA Holding Company Limited(PIAHCLA)	33,841,692 ▲ 0.00
Fauji Foods Ltd / Nov 22 Fauji Foods Limited(FFL)	25,303,681 ▲ 0.00
Cnergyico PK / Nov 22 Cnergyico PK Limited(CNERGY)	25,120,112 ▲ 0.00

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