News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

Petroleum products: PD for modifying monthly pricing mechanism

Petroleum Division has proposed to the federal government to modify the monthly pricing mechanism of petroleum products in its draft Pakistan Oil Refining and Marketing Policy 2019.

Published 04 Dec, 2019 12:00am

Nominal cut in POL products' prices

Federal government has reduced the prices of all petroleum products in line with the recommendations of the Oil & Gas Regulatory Authority (Ogra) for December following lower international market rates.

Published 01 Dec, 2019 12:00am

Prices of petroleum products may decrease in December

Prices of all petroleum products are likely to decrease in December 2019 in line with fluctuations in global crude oil prices. The Oil and Gas Regulatory Authority (OGRA) recommended the government on Friday to reduce the prices of Motor Spirit (MS), High

Published 30 Nov, 2019 12:00am

SPO for OGDCL, PPL expected to fetch Rs88bn

The federal government is anticipating generating Rs 88 billion from secondary public offering (SPO) of two stated-owned listed oil and gas companies, including Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) by the en

Published 30 Nov, 2019 12:00am

Replacement of govt reps on BOD: PD scrutinizes around 350 petroleum experts

Petroleum Division has scrutinized around 350 local and foreign petroleum experts for replacement of government representations in the board of directors (BOD) of nine public sector oil and gas companies having major shareholding of the government.

Published 29 Nov, 2019 12:00am

Sell-off target revised upward to Rs300bn

The Ministry of Finance has revised upward the target of privatization proceeds to Rs 300 billion, while bidding process for privatization of two RLNG-based power plants and Pakistan Steel Mills (PSM) will be completed in the third quarter of current fina

Published 28 Nov, 2019 12:00am

Oil & gas exploration sector: Investment efforts hamstrung by security clearance delays

A parliamentary committee was informed on Friday that delay in security clearance of Defense Ministry is a big hindrance in attracting foreign investment in oil and gas exploration sector.

Published 23 Nov, 2019 12:00am

Pakistan

Jinnah Convention Centre: Three Consortiums selected as financial adviser for sell-off

Privatisation Commission (PC) has selected Consortium of EY Ford Rhodes, Haidermota & Co and Oceanic Surveyor Pvt Ltd as financial adviser for privatisation of Jinnah Convention Centre.

Published 15 Nov, 2019 12:00am

Setting up of CNG outlets: Ogra, PD in row over issuance of provisional licences

The Oil and Gas Regulatory Authority (Ogra) and the Petroleum Division are entangled in a serious tiff over the issuance of new provisional licenses to private and commercial entities across the country for setting up CNG stations.

Published 09 Nov, 2019 12:00am

PTI to file case against Fazl

Pakistan Tehreek-e-Insaf (PTI) core committee has decided to file a case against the statement of Jamiat Ulema-e-Islam (Fazl) chief Maulana Fazlur Rehman that the protestors have the capability to arrest prime minister from home.

Published 03 Nov, 2019 12:00am

Prices of petrol, diesel increased

The federal government in a slight readjustment Thursday increased the prices of motor spirit (petrol) and high speed diesel (HSD) for November 2019.

Published 01 Nov, 2019 12:00am

Planned sell-off of two RLNG plants: PC to take up matter with ECC

The Privatisation Commission will take up the sell-off of two newly-established RLNG power plants - Haveli Bahadur Shah and Balloki power projects of 1,320MW each - under National Power Parks Management Company Ltd (NPPMCL) with the Economic Coordination

Updated 28 Oct, 2019 08:16am

Planned sell-off of two RLNG plants: PC to take up matter with ECC

Published 27 Oct, 2019 12:00am

Pakistan

Ease of doing business: Country to further improve ranking: Dawood

Adviser to Prime Minister on Commerce, Investment, Industries and Textile, Abdul Razak Dawood said that Pakistan would further improve its ranking in Ease of Doing Business with consistent efforts of federal and provincial governments.

Published 26 Oct, 2019 12:00am

Ease of doing business: Country to further improve ranking: Dawood

Published 26 Oct, 2019 12:00am

Pakistan

Pakistan among top 10 improvers in doing business

Pakistan's doing business (DB) ranking improved by 28 points to 108th from 136th out of 190 countries in the World Bank's Ease of Doing Business Report 2020 released on Thursday. Pakistan's ranking improved in six indicators (starting a business, dealing

Published 25 Oct, 2019 12:00am

Pakistan among top 10 improvers in doing business

Published 25 Oct, 2019 12:00am

JWGs ponder over upgradation of PSM

The Joint Working Groups (JWGs) of China-Pakistan Economic Corridor (CPEC) Industrial Cooperation Tuesday considered the federal government's decision of upgrading Pakistan Steel Mills (PSM) in a meeting held via videoconference. The federal government ha

Published 23 Oct, 2019 12:00am

JWGs ponder over upgradation of PSM

Published 23 Oct, 2019 12:00am

Report to be released on 24th: Pakistan may achieve high ranking on EODB Index

The federal government is expected to achieve high ranking in the Ease of Doing Business (EODB) Report 2020 to be released on October 24, 2019. Officials in the Board of Investment (BoI) expressed hope that Pakistan would improve its ranking on the EODB I

Published 22 Oct, 2019 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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