News stories for Wasim Iqbal - Business Recorder

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

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

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

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

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

Six SOEs to be privatized to achieve Rs 150 billion target

The Privatization Division will privatize six state-owned entities (SOEs) including two Re-Gasified Liquefied Natural Gas (RLNG) power plants, while revival of Pakistan Steel Mills (PSM) will be completed by the end of FY20, to achieve the budgeted target

Published 30 Jan, 2020 12:00am

RLNG plants, OGDCL transactions: PC shortlists potential buyers, FAs

Privatization Commission (PC) has shortlisted 12 potential buyers for due diligence for sale of two Re-gasified liquefied natural gas (RLNG) fired power plants and financial advisors (FAs) for divestment of shares of Oil and Gas Development Company Limite

Published 29 Jan, 2020 12:00am

Islamabad region: Ufg of SNGPL reaches 9 percent against 7.6 percent recommended

Unaccountable for Gas (Ufg) of Sui Northern Gas Pipeline Limited (SNGPL) Islamabad region has reached nine percent against the 7.6 percent recommended gas losses by Oil and Gas Regulatory Authority (Ogra). A benchmark is set i.e. 7.6 percent (fixed benchm

Published 29 Jan, 2020 12:00am

Federal cabinet likely to discuss Sindh government-IGP tiff today

The federal cabinet, which is scheduled to meet today (Tuesday) under Prime Minister Imran Khan, will take up 15-point agenda items including amendments to the President's and Prime Minister's Salary, Allowances and Privileges Acts 1975.

Published 28 Jan, 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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