News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

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

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

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

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

Pakistan

Parliamentary panel irked by HEC's lack of coordination

A parliamentary panel on Monday showed utter displeasure over lack of coordination and information sharing of Higher Education Commission (HEC) with Auditor General of Pakistan (AGP), National Accountability Bureau (NAB) and other relevant departments and

Published 28 Jan, 2020 12:00am

129,301 vacant posts: Government may not be able to achieve target

The federal government may not be able to achieve the target of filling 129,301 vacant posts in different ministries, divisions and subordinate organizations within four months as the Parliament is yet to clear a bill pertaining to job quota, sources said

Published 26 Jan, 2020 12:00am

Pakistan

1,198 presidential ordinances issued in last three decades: Parliamentary committee informed

As many as 1,198 presidential ordinances have been issued by the political governments and General Pervez Musharraf (retd) in last three decades, a parliamentary committee was informed on Friday.

Published 18 Jan, 2020 12:00am

Appointment of new PSO MD/CEO may be approved today

The federal cabinet is likely to approve the appointment of new managing director/ chief executive officer (CEO) of Pakistan State Oil (PSO) in its meeting scheduled to be held today (Tuesday).

Published 14 Jan, 2020 12:00am

Oil, gas exploration: International tender floated for auction for 18 new blocks

The Petroleum Division has floated an international tender for the auction of 18 new blocks aimed at expediting oil and gas exploration activities to meet the country's energy needs in an efficient manner, an official of the Petroleum Division said.

Published 12 Jan, 2020 12:00am

Business & Finance

PM's special assistant on petroleum rejects Sindh government's argument on provincial resources

The federal government will take up the weighted average of gas and rights of provinces under Article 158 and 18th constitutional amendment to the Council of Common Interests (CCI).

Published 07 Jan, 2020 12:00am

Oil refineries urge Senate body to help avert looming FFO crisis

Local refineries have approached the Senate Standing Committee on Petroleum in a bid to avert the furnace fuel oil (FFO) crisis looming in the country after the government as a policy decision refused to lift the FFO for power sector.

Published 07 Jan, 2020 12:00am

Construction of gas pipeline: Omer complains about Sindh government's lack of cooperation

Minister for Petroleum Omar Ayub Khan has informed the Senate Standing Committee on Petroleum on Monday that the federal government has written letters to the provincial government of Sindh eight times for construction of 125 km gas pipeline to meet gas d

Published 07 Jan, 2020 12:00am

BoI yet to notify status of Allama Iqbal Industrial City as SEZ

Board of Investment (BoI), with a secretariat for Special Economic Zone (SEZs) under the China-Pakistan Economic Corridor (CPEC), is yet to notify the status of Allama Iqbal Industrial City Faisalabad as SEZ which was inaugurated by Prime Minister Imran K

Published 05 Jan, 2020 12:00am

Petrol price up by Rs 2.61/litre

The government on Tuesday increased the price of petrol by Rs 2.61 per litre and High Speed Diesel (HSD) by Rs 2.25 per litre High Speed Diesel (HSD) for the month of January, 2020.

Published 01 Jan, 2020 12:00am

Ogra proposes increase in prices of POL products

The Oil and Gas Regulatory Authority (OGRA) has recommended an increase in ex-depot prices of all petroleum products for month of January 2020. In line with the increase in prices of petroleum products globally, the OGRA has computed an increase of Rs 2.6

Published 31 Dec, 2019 12:00am

Two RLNG power plants: Privatisation committed

The federal government has committed with the International Monetary Fund (IMF) in the first review of IMF's Pakistan's extended fund facility that privatization of two RLNG power plants will be completed by end of financial year 2020, said a report relea

Published 24 Dec, 2019 12:00am

Government may endorse Ogra's suggestion of increasing gas price

Federal government is likely to endorse Ogra's recommendation to increase gas prices to retire the circular debt of Rs181 billion in the wake of a wide gap between the average prescribed gas price and the weighted average sale price. Petroleum Division is

Published 19 Dec, 2019 12:00am

Ogra recommends 213.7 percent hike in gas prices

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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