News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

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

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

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

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

The Oil and Gas Regulatory Authority (Ogra) has recommended the government to increase prices of gas up to 213.7 percent for domestic consumers to meet the revenue requirement with effect from January 2020.

Published 18 Dec, 2019 12:00am

Gas sector performance: Government partially implements steps proposed by IMF

The federal government has partially implemented measures proposed by the International Monetary Fund (IMF) to improve the gas sector performance, sources said.

Published 17 Dec, 2019 12:00am

11 global companies show interest in PSM revival

As many as eleven international companies have expressed their interest in the revival of Pakistan Steel Mills (PSM), sources in Privatization Division told Business Recorder.

Published 13 Dec, 2019 12:00am

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

Business & Finance

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

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
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Cotton US¢/pound / Dec 23	68.96
Petrol/Litre / Dec 24	252.10

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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