News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

Pakistan

Incentives to SEZs under CPEC being revisited

The government is revisiting incentives to Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC) and has initiated a consultative process to identify and resolve all pending issues, sources revealed.

Published 17 Oct, 2019 12:00am

Employees of NA Secretariat: NA body irked over delay in delivery of plots' possession

The National Assembly Standing Committee on House and Library expressed its concerns over inordinate delay in handing over the possession of plots to the employees of National Assembly Secretariat by the management of Federal Government Employees Cooperat

Published 15 Oct, 2019 12:00am

AGP advised not to carry out audit of Ogra's regulatory functions

Law and Justice Ministry has advised the Auditor General of Pakistan (AGP) not to carry out an audit of the regulatory functions of Oil and Gas Regulatory Authority (Ogra) in future. Law and Justice Ministry wrote to AGP on Wednesday endorsing Ogra's requ

Published 11 Oct, 2019 12:00am

Global Competitiveness Report 2019: Pakistan's ranking drops

Pakistan's ranking on the 'Global Competitiveness Report 2019' dropped to 110th during the tenure of Pakistan Tehreek-e-Insaf (PTI) government from 107th recorded during Pakistan Muslim League-Nawaz tenure. The World Economic Forum (WEF) released the Glob

Published 10 Oct, 2019 12:00am

Pakistan

Global Competitiveness Report 2019: Pakistan's ranking drops

Published 10 Oct, 2019 12:00am

Pakistan

Pakistan’s ranking drop on Global Competitiveness report 2019

The World Economic Forum released the Global Competitiveness Report 2019’ on Wednesday. Pakistan has been rank

Published 09 Oct, 2019 09:51am

Business & Finance

PTI government 'versus' bureaucracy: Stay orders remain in full force, effect

Stay orders remain in full force and effect against removal of several heads of key entities by the Khan administration. On June 14, The Islamabad High Court issued a stay order against the federal government's notification removing former federal tax omb

Published 06 Oct, 2019 12:00am

Markets

PTI government 'versus' bureaucracy: Stay orders remain in full force, effect

Published 06 Oct, 2019 12:00am

PTI government 'versus' bureaucracy: Stay orders remain in full force, effect

Published 06 Oct, 2019 12:00am

Markets

PTI government 'versus' bureaucracy: Stay orders remain in full force, effect

Published 06 Oct, 2019 12:00am

POL prices remain unchanged

The federal government has decided to maintain the prices of petroleum products for the months of October and refused to pass on relief to general public, recommended by Oil and Gas Regulatory Authority (Ogra). In a late night press release, Finance Divis

Published 01 Oct, 2019 12:00am

POL prices remain unchanged

Published 01 Oct, 2019 12:00am

OGRA notifies increase in LPG prices

The Oil and Gas Regulatory Authority (OGRA) has notified an increase in the prices of domestic 11.8kg liquefied petroleum gas (LPG) cylinder by Rs 147.87 and commercial cylinder by Rs 569 for October. In monthly review, the OGRA notified increase in price

Published 01 Oct, 2019 12:00am

Up to 2.5 percent cut in POL products for October likely

Oil and Gas Regulatory Authority (Ogra) on Friday recommended up to 2.5 percent reduction in the prices of petroleum products for October 2019. In a monthly review of the month, Oil and Gas Regulator has recommended slashing motor spirit (MS) price by Rs

Published 28 Sep, 2019 12:00am

Up to 2.5 percent cut in POL products for October likely

Published 28 Sep, 2019 12:00am

Markets

CNG sector allowed to use surplus LNG capacity

The government has allowed compressed natural gas (CNG) sector to utilize LNG surplus capacity to maintain CNG price below petrol price and reduce per day capacity charges to LNG terminals. Universal Gas Distribution Company (UGDC) owned by CNG sector wil

Published 27 Sep, 2019 12:00am

Markets

CNG sector allowed to use surplus LNG capacity

Published 27 Sep, 2019 12:00am

$21 billion investment commitments: Saudi Arabia assures Pakistan of substantial progress

Saudi Arabia has assured Pakistan that it will show substantial progress on $21 billion investment commitments before the next meeting of Pak-Saudi Supreme Coordination Council, sources in Petroleum Division told Business Recorder. The Pak-Saudi Su

Published 25 Sep, 2019 12:00am

$21 billion investment commitments: Saudi Arabia assures Pakistan of substantial progress

Published 25 Sep, 2019 12:00am

AGP's report: PD failed to make 'appropriate' rules under GIDC law

Auditor General of Pakistan held the Petroleum Division responsible for failure to make appropriate rules under the Gas Infrastructure Development Cess (GIDC) Act 2015 which accounts for the non-realization of principal and late payment surcharge on GIDC

Published 21 Sep, 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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