News stories for Zahid Baig - Business Recorder

Zahid Baig

Markets

Wheat shortage in Punjab: Sindh accused of banning movement of grains

Flour shortage is expected to further aggravate in Punjab as wheat transportation from Sindh is being denied despite having permits from the Sindh food department.

Published 05 Apr, 2020 12:00am

Pakistan

Consumption of domestic cement declines by 16.70 percent in March

As expected Coronavirus had its impact on domestic consumption of cement also that declined by 16.70 per cent in March while the exports grew at 5.27 per cent as the global markets are equally under pressure due to the same reason.

Published 04 Apr, 2020 12:00am

Cotton sowing season begins in Punjab

The cotton sowing season 2020 kicked off in the province on Wednesday with the provincial agriculture department eyeing to bring over 4.6 million acres of land under cultivation of this most important crop. Cotton is grown mostly in the two provinces of P

Published 02 Apr, 2020 12:00am

Markets

No ban on movement of essential commodities except wheat: Sindh government

Taking notice of rice exporters' complaints, Sindh government has made it clear that there is no ban on the movement of essential food commodities except transportation of wheat which is being regulated by the Sindh Food department.

Published 01 Apr, 2020 12:00am

Markets

Passco launches wheat procurement drive in Hyderabad zone

The Pakistan Agricultural Storage Services Corporation (Passco) on Friday launched its procurement drive in Sindh by initiating distribution of gunny bags among wheat farmers in Hyderabad Zone.

Published 28 Mar, 2020 12:00am

Pakistan

REAP demands inclusion of rice among export-oriented sectors

The Rice Exporters Association of Pakistan (REAP) has appealed to the government for including rice among those export-oriented sectors which are enjoying different incentives and official backing.

Published 25 Mar, 2020 12:00am

MNFS&R asks provinces to exempt outlets/supply chain of agriculture inputs

In the wake of alarming situation of pandemic Covid-19, and lockdown announced by the provincial governments and start of Kharif Season 2020, the Ministry of National Food Security & Research (MNFS&R) has asked all the four provinces to exempt the outlets

Published 24 Mar, 2020 12:00am

Kharif-2020: NSC relaxes cotton seed germination standard

The National Seed Council (NSC) has relaxed the cotton seed germination standard for Kharif 2020 crops only (both for the public and private sector seed companies) from the existing 65-70 percent to 50 per cent.

Published 22 Mar, 2020 12:00am

REAP chief urges government to double term of ERF

Rice Exporters Association of Pakistan (REAP) has urged the government for enhancing the term of export refinance facility (ERF) scheme given to the rice exporters from 180 days to 360 days, enabling them work smoothly and with peace of mind.

Published 20 Mar, 2020 12:00am

Punjab to launch Rs 2.647 billion pilot shrimp farming cluster project

The Punjab fisheries department will soon launch 'pilot shrimp farming cluster' development project at a cost of Rs 2.647 billion on 2500 acres of land in the province.

Published 17 Mar, 2020 12:00am

Atlas Food signs MoU with Syngenta Pakistan

The Punjab government will soon launch an ambitious Rs 6 billion plus project to promote mechanization, usage of certified seed and responsible application of pesticides in line with international standards.

Published 15 Mar, 2020 12:00am

Fisheries department to launch 'Cage Culture Cluster' project

The provincial department of fisheries is all set to launch 'Cage Culture Cluster Development Project' worth Rs 1.475 billion to harness the potential of untapped aquatic resources of the province and increase fish production to meet the food requirement.

Published 14 Mar, 2020 12:00am

Reap team to visit Australia, Saudi Arabia

Rice Exporters Association of Pakistan (REAP) is visiting Australia and Saudi Arabia to increase exports of Basmati rice from Pakistan to these markets.

Published 08 Mar, 2020 12:00am

Pakistan

Inadequate urban planning: Himalayan towns facing increased water insecurity: study

A recent study covering 13 towns of four countries including Bangladesh, India, Nepal, and Pakistan in the Hindu Kush Himalayan (HKH) region shows that the Himalayan towns are facing increased water insecurity in the wake of inadequate urban planning coup

Published 05 Mar, 2020 12:00am

Pakistan

Cement sector posts phenomenal growth of 33.91 percent in February

Cement sector continued to post growth in the month of February as its total dispatches increased to 4.489 million tons, an increase of 33.91 percent from 3.352 million tons during the same month last year. Domestic consumption increased by 31.35 percent

Published 04 Mar, 2020 12:00am

Pakistan

Southeast Asia and Pakistan: Bayer, XAG sign MoU to promote digital farming technology

Bayer and XAG announced a strategic partnership to bring, promote and commercialize digital farming technology in Southeast Asia & Pakistan (SEAP).

Published 03 Mar, 2020 12:00am

PPA-NR chief demands relief package

Pakistan Poultry Association (PPA-Northern Region)chairman Chaudhry Muhammad Fargham has urged the government to curtail increasing input cost to reduce poultry farmer's cost of production and to make poultry products acceptable to consumer's pockets.

Published 01 Mar, 2020 12:00am

Sarwar for renegotiating accords with IPP, LNG providers

Punjab Governor Chaudhry Muhammad Sarwar admitting the need of taking bold decisions for cutting the cost of doing business has said that the government has to renegotiate with the Independent Power Producers (IPPs) and LNG providers to bring the energy p

Published 29 Feb, 2020 12:00am

Flour crisis: CCP conducts inspection of PFMA's premises

The Competition Commission of Pakistan (CCP) based on discovery of fresh information made available vis-à-vis prima facie collusion in the wheat flour sector carried out a search and inspection of Pakistan Flour Mills Association (PFMA) premises in Lahore

Published 12 Feb, 2020 12:00am

Pakistan

Cement's growth continued to rise in January

Cement sector continued to post growth in the month of January as its total despatches increased to 4.074 million tons, an increase of 11.26 percent from 3.662 million tons during the same month last year.

Published 07 Feb, 2020 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 27	278.47
USD PKR Interbank Buying / Dec 27	278.22
USD to Japanese Yen / Dec 27	157.88
USD to Swiss Franc / Dec 27	0.90
Pound Sterling to USD / Dec 27	1.25
Euro to USD / Dec 27	1.04

Stock	Volume
S&P 500 / Dec 26	6,037.59
Nasdaq / Dec 26	20,020.36
Dow Jones / Dec 26	43,325.80
India Sensex / Dec 27	78,791.05
Tokyo Nikkei / Dec 27	40,281.16
Hang Seng / Dec 27	20,096.01
FTSE 100 / Dec 27	8,137.45
Germany DAX 30 / Dec 27	19,830.60

Item	Value
Gold 10 Grams PKR / Dec 26	234,911.70
Crude Oil USD/Barrel / Dec 27	69.54
Karachi Cotton PKR/37.32 KG / Dec 27	17,785
Gold Spot USD/Ounce / Dec 27	2,634.16
Cotton US¢/pound / Dec 27	68.72
Petrol/Litre / Dec 28	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 27 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Chenab Ltd (Pref) / Dec 27 Chenab Limited (Pref)(CLCPS)	4.50 ▲ 0.60 (15.38%)
Sec. Inv. Bank / Dec 27 Security Investment Bank Limited(SIBL)	7.99 ▲ 1.00 (14.31%)
786 Invest Ltd / Dec 27 786 Investments Limited(786)	8.15 ▲ 1.00 (13.99%)
Chenab Ltd / Dec 27 Chenab Limited(CHBL)	9.61 ▲ 1.00 (11.61%)
Next Capital / Dec 27 Next Capital Limited(NEXT)	10.90 ▲ 1.00 (10.10%)
Image Pakistan / Dec 27 Image Pakistan Limited(IMAGE)	20.31 ▲ 1.85 (10.02%)
Baba Farid Sugar / Dec 27 Baba Farid Sugar Mills Limited(BAFS)	53.08 ▲ 4.83 (10.01%)
Biafo Ind. / Dec 27 Biafo Industries Limited(BIFO)	208.88 ▲ 18.99 (10.00%)

Stock	Price
Burj Clean Energy Modaraba / Dec 27 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.10 ▼ -1.00 (-10.99%)
Blue-Ex Ltd / Dec 27 Blue-Ex Limited (GEM)(GEMBLUEX)	40.15 ▼ -4.46 (-10.00%)
Al-Khair Gadoon / Dec 27 Al-Khair Gadoon Limited(AKGL)	41.71 ▼ -4.63 (-9.99%)
Leiner Pak Gelat / Dec 27 Leiner Pak Gelatine Limited(LPGL)	131 ▼ -14.19 (-9.77%)
Jauharabad Sug / Dec 27 Jauharabad Sugar Mills Limited(JSML)	21 ▼ -2.10 (-9.09%)
Aruj Industries / Dec 27 Aruj Industries Limited(ARUJ)	8.62 ▼ -0.86 (-9.07%)
First Imrooz Mod. / Dec 27 First Imrooz Modaraba(FIMM)	200.20 ▼ -19.80 (-9.00%)
MithchellsFruit / Dec 27 Mitchells Fruit Farms Limited(MFFL)	243 ▼ -23.05 (-8.66%)
Grays Leasing / Dec 27 Grays Leasing Limited(GRYL)	5.71 ▼ -0.48 (-7.75%)

Stock	Volume
Fauji Foods Ltd / Dec 27 Fauji Foods Limited(FFL)	104,369,036 ▲ 0.78
WorldCall Telecom / Dec 27 Worldcall Telecom Limited(WTL)	72,731,608 ▲ 0.00
TRG Pak Ltd / Dec 27 TRG Pakistan Limited(TRG)	46,907,628 ▲ 1.54
Cnergyico PK / Dec 27 Cnergyico PK Limited(CNERGY)	40,110,243 ▲ 0.30
Hascol Petrol / Dec 27 Hascol Petroleum Limited(HASCOL)	34,416,789 ▲ 0.06
B.O.Punjab / Dec 27 The Bank of Punjab(BOP)	30,318,392 ▲ 0.04
Ghani Chem. Ind. / Dec 27 Ghani Chemical Industries Limited(GCIL)	26,183,062 ▲ 0.50
Sui South Gas / Dec 27 Sui Southern Gas Company Limited(SSGC)	25,823,481 ▲ 3.11
Silk Bank Ltd / Dec 27 Silkbank Limited(SILK)	25,520,925 ▼ -0.08

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