News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

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

$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

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

Published 21 Sep, 2019 12:00am

GIDC levy: SC to hear 107 petitions from today

A three-member special bench of the Supreme Court (SC) will start hearing 107 pending petitions regarding Gas Infrastructure Development Cess (GIDC) levy, from today. Attorney General for Pakistan Anwar Mansoor Khan on behalf of the federal government on

Published 19 Sep, 2019 12:00am

GIDC levy: SC to hear 107 petitions from today

Published 19 Sep, 2019 12:00am

TAPI gas line home section: Construction to begin by end of January 2020

Construction activities on the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline will start by the end of January 2020 on Pakistan section. Sources said that the proposed date for inauguration of TAPI gas pipeline for Pakistan section w

Published 15 Sep, 2019 12:00am

TAPI gas line home section: Construction to begin by end of January 2020

Published 15 Sep, 2019 12:00am

Business & Finance

Financial issues hurdle in land acquisition process for CPEC’s Western Route

Yarak to Sagu Package of CPEC-Western Route is routed through 14-Mouzaz with an approximate length of 50 Kms.

Published 13 Sep, 2019 02:04pm

Controversial GIDC ordinance withdrawn

The federal government on Wednesday decided to withdraw the Gas Infrastructure Development Cess (Amendment) Ordinance 2019, which was promulgated by President Arif Alvi. A statement issued by the Prime Minister's Office stated that "in view of the recent

Published 05 Sep, 2019 12:00am

Controversial GIDC ordinance withdrawn

Published 05 Sep, 2019 12:00am

PM takes notice of Rs 208 billion waiver

Prime Minister Imran Khan on Tuesday took notice of Rs 208 billion waiver given to fertilizer sector on account of Gas Infrastructure Development Cess (GIDC). Chairing a meeting of the federal cabinet here, the Prime Minister directed Minister for Power O

Published 04 Sep, 2019 12:00am

PM takes notice of Rs 208 billion waiver

Updated 04 Sep, 2019 07:28am

PM takes notice of Rs 208 billion waiver

Published 04 Sep, 2019 12:00am

50 percent GIDC waiver: There's no such thing as a 'free lunch': government

The federal government on Monday clarified that 50 percent waiver of GIDC to business tycoons is neither a 'free lunch' nor a gift for fertilizer sector as is being widely reported. Addressing a press conference along with Advisor to Prime Minister on Pet

Published 03 Sep, 2019 12:00am

50 percent GIDC waiver: There's no such thing as a 'free lunch': government

Published 03 Sep, 2019 12:00am

Markets

MoF announces reduction in prices of POL products

Ministry of Finance announced on Saturday a reduction in prices of petroleum products for month of September owing to a decrease in global oil prices. The government had passed on full impact of reduction in prices of petrol, kerosene oil and Light Diesel

Published 01 Sep, 2019 12:00am

Markets

MoF announces reduction in prices of POL products

Published 01 Sep, 2019 12:00am

Reduction in prices of POL products: Lack of coordination creates confusion

A lack of coordination among various Divisions created confusion about the size of reduction in the prices of petroleum products for the month of September. In separate tweets, Minister for Petroleum Omar Ayub Khan and Special assistant to Prime Minister

Published 31 Aug, 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
FTSE 100 / Nov 21	8,149.27
Dow Jones / Nov 21	43,870.35
Germany DAX 30 / Nov 21	19,146.17
France CAC40 / Nov 21	7,213.32
India Sensex / Nov 22	78,147.34
Tokyo Nikkei / Nov 22	38,283.85

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Petrol/Litre / Nov 22	248.38
Crude Oil USD/Barrel / Nov 22	70.18
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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