News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

Safeguards placed for local industries: Dawood

Beijing and Islamabad have agreed to enter into China-Pakistan Free Trade Agreement-II (CPFTA-II), which will be finalised during the four-day visit of Prime Minister Imran Khan to China. In a joint media briefing at the Board of Investment along with BoI

Published 24 Apr, 2019 12:00am

Business & Finance

There is zero tolerance against gas theft and line losses: Omar Ayub Khan

ISLAMABAD: Petroleum Minister Omar Ayub Khan on Tuesday said there is zero tolerance against gas theft and line los

Published 23 Apr, 2019 01:03pm

Sarwar refuses to take charge of aviation ministry

Former Minister for Petroleum Ghulam Sarwar Khan has reportedly refused to take charge as Minister for Aviation as notified on Thursday. Sources said that Ghulam Sarwar has requested Prime Minister that he be allowed to continue for four months to show an

Published 20 Apr, 2019 12:00am

Sarwar refuses to take charge of aviation ministry

Published 20 Apr, 2019 12:00am

BoI rejects Punjab government's seven proposals for setting up SEZs

Board of Investment (BoI) rejected seven proposals referred by Punjab government for setting up special economic zones (SEZs) with an investment of billions of rupees, documents available with this correspondent revealed.

Published 13 Apr, 2019 12:00am

Business & Finance

UAE’s Mubadla Group expresses interest in investing in Pakistan

ISLAMABAD: Chief Executive Officer (CEO) of Mubadla Petroleum, Musabbeh Al Kaabi called on the Federal Minister of Petro

Published 11 Apr, 2019 02:57pm

Ease of Doing Business Index: PTI government optimistic about improving ranking

The Pakistan Tehreek-e-Insaf (PTI) government has expressed hope that the measures taken in last eight months in collaboration with 30 federal and provincial organisations would help improve Pakistan's ranking on Ease of Doing Business Index. Foreign dire

Published 11 Apr, 2019 12:00am

PC to accord approval to various agenda items today

The Privatization Commission (PC) Board will give its approval to the signing of contract with Financial Advisor (FA) on privatization of two RLNG Power Plants and appointment of FA for SME Bank Limited in a meeting scheduled to be held today (Tuesday). S

Published 09 Apr, 2019 12:00am

Saudi Arabia, Malaysia offer LNG at cheaper rates: minister

The price of Liquefied Natural Gas (LNG) as per the 2016 deal signed with Qatargas for 15 years at 13.37 percent of Brent is considerably more expensive than what is available at spot rates today. Saudi Arabia and Malaysia offered LNG at relatively cheape

Published 30 Mar, 2019 12:00am

Saudi Arabia, Malaysia offer LNG at cheaper rates: minister

Published 30 Mar, 2019 12:00am

Saudi Arabia, Malaysia offer LNG at cheaper rates: minister

Published 30 Mar, 2019 12:00am

RLNG-based power plants: Senate panel voices concern over financial adviser's selection criteria

A parliamentary panel has shown reservations over hiring process of financial adviser (FA) as transaction manager for privatisation of two RLNG-based power plants, i.e, 1230MW Haveli Bahadur Shah and 1223MW Balloki. The Senate Standing Committee on Privat

Published 29 Mar, 2019 12:00am

Business & Finance

Parliamentary panel raise concerns over privatisation of RLNG power plants

ISLAMABAD— A parliamentary panel has shown reservations over hiring process of Financial Advisor (FA) as transaction man

Published 28 Mar, 2019 10:02am

Gas utilities to reimburse consumers for inflated bills

Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) would reimburse to gas consumers against inflated gas bills due to application of gas pressure factor but those consumers who paid higher gas bills due to revision in

Published 27 Mar, 2019 12:00am

Gas utilities to reimburse consumers for inflated bills

Published 27 Mar, 2019 12:00am

Gas utilities to reimburse consumers for inflated bills

Published 27 Mar, 2019 12:00am

Business & Finance

Petroleum division completes restructuring of five BoDs: Ghulam Sarwar Khan

ISLAMABAD: Federal Minister for Petroleum, Ghulam Sarwar Khan, has announced that the Board of Directors of five pu

Published 21 Mar, 2019 03:52pm

IMF's possible tax-to-GDP demand: Tough decisions await government in forthcoming budget: Pasha

Former finance minister and prominent economist Dr Hafeez Pasha Tuesday said that the government will have to take tough decisions in the next financial year budget 2019-20 in case the International Monetary Fund (IMF) asks it to enhance the tax-to-GDP ra

Published 20 Mar, 2019 12:00am

Private sector defaulters: Proposal to recover GIDC dues in six instalments under study

Ministry of Petroleum is considering a proposal to recover the outstanding gas infrastructure development cess (GIDC) in six installments from private sector defaulters, sources said. On January 24, 2019, Finance Minister Asad Umar announced that the cabi

Published 19 Mar, 2019 12:00am

'Francophonie Festival' held at Centre Culturel Francais

Embassies of Argentina, Austria, Belgium, France, Switzerland and Tunisia jointly arranged 'Semaine de la Francophinie' or 'Francophonie Festival' here at Centre Culturel Francais on Saturday. This included screening of three feature films, language readi

Published 17 Mar, 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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