News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

Babar Awan likely to stage his come back as special assistant to PM

Prime Minister Imran Khan is reportedly considering giving Babar Awan the position of special assistant, possibly of Information, with the status of minister of state after passage of annual budget, sources said. "The matter of Babar Awan's appointment as

Published 29 Jun, 2019 12:00am

Biometric verification of bank accounts: Number of senior citizens facing problems as skin loses

A number of senior citizens are facing problems in the biometric verification of their bank accounts as fingerprints are difficult to capture as skin loses its elasticity with age, a survey conducted by Business Recorder reveals.

Published 22 Jun, 2019 12:00am

Swedish embassy hosts National Day reception

The Embassy of Sweden hosted a reception on the occasion of the National Day of Sweden. Ambassador of Sweden Ingrid Johansson welcomed the government dignitaries, diplomats, businessmen and others at the reception hosted here at a hotel on Friday.

Published 22 Jun, 2019 12:00am

Petroleum Division to submit new policy draft by August

The Petroleum Division will submit a draft of new petroleum policy for upstream oil and gas companies to the Cabinet before bidding for the next blocks, sources told this correspondent. The Division is deliberating on a new petroleum policy with incentive

Published 14 Jun, 2019 12:00am

Government sets Rs 150 billion target through proceeds of privatisation

The federal government has set a target of Rs 150 billion from privatisation proceeds in 2019-20. The Cabinet Committee on Privatisation (CCoP) on October 31, 2018 approved new privatisation plan for 64 state-owned entities to be privatised in five years

Published 12 Jun, 2019 12:00am

Markets

Economic Survey 2018-19: gas output sees negative growth of 1.98 percent

The production of natural gas has witnessed a negative growth of 1.98 percent in current fiscal year (2018-19) as compared with last fiscal year (2017-18), according to data released in Pakistan Economic Survey 2018-19 launched on Monday. The survey revea

Published 11 Jun, 2019 12:00am

Price of 11.8 kg LPG domestic cylinder down by Rs 180.75 for June

Oil and Gas Regulatory Authority (Ogra) has decreased the price of 11.8 kg liquefied petroleum gas (LPG) domestic cylinder by Rs 180.75 for the month of June. A substantial reduction in demand of LPG, the oil and gas authority accounts for an 11 percent r

Published 01 Jun, 2019 12:00am

Prices of POL products increased

Federal government has allowed a substantial increase in the prices of petroleum products for the month of June. In an upward revision, the price of Motor Spirit (MS) increased by Rs 4.26 per litre. The price of High Speed Diesel (HSD) increased by Rs 4.5

Published 01 Jun, 2019 12:00am

Prices of POL products increased

Published 01 Jun, 2019 12:00am

Prices of POL products increased

Published 01 Jun, 2019 12:00am

Ogra seeks up to Rs 8.99 hike in POL products' prices

A month after a massive increase in POL prices, the Oil and Gas Regulatory Authority (Ogra) has computed up to Rs 8.99 in prices of petroleum products for June. The recommendation of oil and gas regulator has been sent to Petroleum Division for final deci

Published 31 May, 2019 12:00am

Ogra seeks up to Rs 8.99 hike in POL products' prices

Published 31 May, 2019 12:00am

Ogra seeks up to Rs 8.99 hike in POL products'' prices

Published 31 May, 2019 12:00am

IMF package: Government may revisit exemptions to Saudi oil, gas companies

Pakistan may be compelled to revisit some of the proposed special treatment(s) and/or exemptions to Saudi oil and gas companies'' pledged investment in oil refineries and petrochemical sector in the light of the commitments made to the IMF, sources said.

Published 24 May, 2019 12:00am

IMF package: Government may revisit exemptions to Saudi oil, gas companies

Pakistan may be compelled to revisit some of the proposed special treatment(s) and/or exemptions to Saudi oil and gas companies' pledged investment in oil refineries and petrochemical sector in the light of the commitments made to the IMF, sources said.

Published 24 May, 2019 12:00am

IMF package: Government may revisit exemptions to Saudi oil, gas companies

Pakistan may be compelled to revisit some of the proposed special treatment(s) and/or exemptions to Saudi oil and gas companies'''' pledged investment in oil refineries and petrochemical sector in the light of the commitments made to the IMF, sources said

Published 24 May, 2019 12:00am

IMF package: Government may revisit exemptions to Saudi oil, gas companies

Published 24 May, 2019 12:00am

Iranian petroleum products: Illegal cross-border trade causing Rs 60 billion losses to exchequer p.a.

The federal government has been facing revenue leakage of around Rs 60 billion annually from illegal cross-border trading of petroleum products at Pak-Iran border, which is increasing due to the US sanctions on Iran and exorbitant petroleum prices in the

Published 22 May, 2019 12:00am

Iranian petroleum products: Illegal cross-border trade causing Rs 60 billion losses to exchequer p.a.

Published 22 May, 2019 12:00am

Markets

SNGPL, SSGCL allowed increase in gas prices

The Oil and Gas Regulatory Authority (OGRA) has allowed Sui Northern Gas Pipelines Limited (SNGPL) an average gas price increase by 47 percent and Sui Southern Gas Company Limited (SSGCL) an average price increase by 28 percent for financial year 2019-20.

Published 18 May, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.10
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
Nasdaq / Dec 23	19,764.89
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77
India Sensex / Dec 24	78,616.57
Tokyo Nikkei / Dec 24	39,036.85
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,130.86

Item	Value
Gold 10 Grams PKR / Dec 23	241,087.80
Petrol/Litre / Dec 24	252.10
Crude Oil USD/Barrel / Dec 24	69.54
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold Spot USD/Ounce / Dec 24	2,618.54
Diesel/Litre / Dec 24	255.38

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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