News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

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

Business & Finance

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

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

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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