News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

Sell-off plan: 28 government properties delisted

The Privatisation Division has de-listed the sale of 28 government properties in the list of five entities to be privatised in the current financial year 2019-2020.

Published 28 Mar, 2020 12:00am

Gas consumers of 300 units permitted to pay bills in installments

The federal government has permitted gas consumers of 300 units to pay their monthly gas bills into installments to avoid circular debt of gas companies - the Sui Northern Gas Pipeline Limited (SNGPL), and the Sui Sourthern Gas Company (SSGC).

Published 27 Mar, 2020 12:00am

Petrol prices slashed by Rs 15

The federal government has announced to reduce the prices of all petroleum products by Rs 15 per litre for three months, which will have a revenue impact of Rs 70 billion.

Published 25 Mar, 2020 12:00am

Ogra invites consumers, public for hearings on SNGPL's petition

The Oil and Gas Regulatory Authority (Ogra) has invited gas consumers and the general public for public hearings on the Sui Northern Gas Pipeline Limited (SNGPL)'s petition for an increase in its average prescribed price by Rs 133.31 per mmbtu effective J

Published 14 Mar, 2020 12:00am

Cabinet to discuss sell-off plan today

The federal cabinet will discuss proposals (under discussion) on re-organising the federal government and allocation of job quota for the Islamabad Capital Territory (ICT) in a meeting scheduled to be held on Tuesday (today), and on progress being made in

Published 10 Mar, 2020 12:00am

BoI chairman resigns

Board of Investment (BoI) Chairman Zubair Gilani on Monday tendered his resignation to Prime Minister Imran Khan, according to the PM's Office. Sources said it was not confirmed whether or not Prime Minister Imran Khan had accepted his resignation. His re

Published 10 Mar, 2020 12:00am

Weighted average gas price: Federal government to start consultation with Sindh government on March 11

The federal government will start consultation with the Sindh government on March 11, 2020 on weighted average gas price mechanism in line with the decision taken in the Council of Common Interests (CCI).

Published 07 Mar, 2020 12:00am

Financial adviser to be hired to lease Roosevelt Hotel site out: Parliamentary panel told

The Privatisation Commission will hire services of a financial advisor to lease out Roosevelt Hotel site in Manhattan, New York, for setting up a joint venture project, a parliamentary panel was informed on Wednesday.

Updated 05 Mar, 2020 09:16am

POL products' prices reduced

The government on Saturday reduced prices of all petroleum products for March following a significant decline in world oil prices. In its monthly review, the Ministry of Finance has reduced prices by Rs 5 each per litre for MS (petrol) and High Speed Dies

Updated 01 Mar, 2020 04:59am

GSP Plus status: Government optimistic about extension prospects

The federal government is hoping to get extension of the GSP Plus status from the European Union till 2022. The status will expire in March.

Published 28 Feb, 2020 12:00am

Pakistan

National Day of Kuwait celebrated

Kuwait celebrated on Monday its national day, marking the anniversary of its 59th Independence Day and its Liberation Day at a local hotel.

Published 25 Feb, 2020 12:00am

NA panel approves amendments to Ord: PC to run business without prior approval from Cabinet Division

A parliamentary panel Thursday approved amendments to the Privatisation Commission Ordinance 2002, which will allow the commission to run its business without prior approval from the Cabinet Division.

Published 21 Feb, 2020 12:00am

No decision made on PIA: PC official

The work relating to restructuring, special audit and strategic business plan in Pakistan International Airline (PIA) is delayed as its chief executive officer (CEO) has been barred from discharging his duties as CEO by a court of law. This was stated dur

Published 20 Feb, 2020 12:00am

PMIC report urges Ogra to clearly define UFG in energy terms

The role of Oil and Gas Regulatory Authority (Ogra) has been far below the conduct expected from an independent and prudent regulator, Prime Minister Inspection Commission (PMIC) report revealed on Monday.

Published 18 Feb, 2020 12:00am

Civil servants will be required to declare assets annually

The Pakistan Tehreek-e-Insaf (PTI) government has decided to make it mandatory for civil servants to declare their assets annually under the new Civil Servants Promotion (Grade-18 to Grade-21) Rules, 2020. According to the documents, the reforms have been

Published 16 Feb, 2020 12:00am

Business & Finance

Senate body opposes proposed weight average price formula

A parliamentary panel on Tuesday opposed the federal government move to introduce a weighted average price formula (RLNG and indigenous gas) for three gas producing provinces, and also recommended a special dispensation energy package for Balochistan.

Published 12 Feb, 2020 12:00am

Gas price notifications: Government to expedite passage of legislation, IMF told

Federal government has begun to expedite the passage of legislation on regular and timely notifications for end consumers' gas tariffs as agreed under the $6 billion International Monetary Fund (IMF) programme.

Published 09 Feb, 2020 12:00am

Ogra's timely action helps avert LPG supply crisis

The Oil and Gas Regulatory Authority (Ogra) has timely averted LPG supply crisis in winter by taking cognizance of letter issued by a Deputy Executive Director (DED) LPG. Sources said that a deliberate attempt was made by lower bureaucracy in Ogra to crea

Published 05 Feb, 2020 12:00am

Petrol prices remain unchanged

The government has decided to maintain the existing prices of petroleum products for the month of February 2020, said Ministry of Finance here on Friday. The government decided that there would be no change in the prices of petroleum products and the pric

Published 01 Feb, 2020 12:00am

Business & Finance

Ogra seeks up to 1.9 percent hike in POL products' prices

Owing to increase in crude oil prices in the international market, the Oil and Gas Regulatory Authority (Ogra) has suggested to the government to increase petroleum products' prices up to 1.9 percent for February 2020.

Updated 31 Jan, 2020 06:50am

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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