News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

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

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

Pakistan

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

Pakistan

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

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

Published 22 Oct, 2019 12:00am

Executive depts, autonomous bodies: PM's task force for retaining 324 OEs

Prime Minister's Task Force on Austerity and Government Restructuring has recommended that the federal government would retain 324 organizational entities (OEs) under two broad categories, ie, executive departments (87) and autonomous bodies (237) out of

Published 19 Oct, 2019 12:00am

Pakistan

Executive depts, autonomous bodies: PM's task force for retaining 324 OEs

Published 19 Oct, 2019 12:00am

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

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
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

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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