News stories for Zahid Baig - Business Recorder

Zahid Baig

Pakistan

PFMA, PFD agree to bring stability in flour prices

Pakistan Flour Mills Association (PFMA) and the Punjab Food Department (PFD) high officials held negotiations on Saturday to bring stability to flour prices in the market especially in the province.

Published 31 May, 2020 12:04am

Markets

Supply to KP being finalised today: Punjab food department asked to stop wheat procurement immediately

Senior & Food Minister Punjab Abdul Aleem Khan has directed the Punjab food department to immediately stop wheat procurement after total stocks of wheat reached 4.3 million metric tons.

Published 30 May, 2020 12:06am

Pakistan

PKI, APKF want money 'extorted by sugar mafia' given back to farmers

The Pakistan Kissan Ittehad (PKI) and the All Pakistan Kissan Foundation welcomed the commission's report on sugar industry and urged the government to take stern action against the culprits who were taking benefit from both sides in the name of farmers.

Published 29 May, 2020 12:05am

Pakistan

UN report: Urgent action needed to safeguard biodiversity of world's forests

Urgent action is needed to safeguard the biodiversity of the world's forests amid alarming rates of deforestation and degradation, according to the latest edition of The State of the World's Forests released on Friday.

Published 23 May, 2020 12:06am

Flour millers end strike

On the assurance of addressing their concerns by Punjab Food Minister Abdul Aleem Khan, the Pakistan Flour Mills Association (PFMA) announced on Tuesday to end their strike continued for the last two days.

Published 20 May, 2020 12:05am

Pakistan

PFMA, food secy talks end with no result

Dialogues between the flour millers and the Punjab food secretary remained inconclusive on Monday to convince the millers to call off their strike after which the Pakistan Flour Mills Association (PFMA) announced to continue its strike till acceptance of

Published 19 May, 2020 12:02am

Flour millers say shutting down mills in three provinces

Rejecting the offer of talks by Punjab government, Pakistan Flour Mills Association (PFMA) has announced that it is shutting down is operations from today for an "indefinite" period.

Published 18 May, 2020 12:06am

Flour millers decide to shut down operations in 3 provinces

Flour millers of Punjab, Balochistan and Khyber Pakhtunkhwa have announced to shut down their operations from Monday as a protest against the Punjab food department and district administrations raiding the mills' godowns under the pretext of anti-hoarding

Published 17 May, 2020 12:03am

Pakistan

Government forms 'working group' to make Punjab self-sufficient in food sector

The Punjab government has formed a 'working group' to formulate recommendations for short and long term policy to make the province self-sufficient in food sector.

Published 06 May, 2020 12:04am

No ban on rice exports, clarifies MNFS&R

The ministries of commerce and national food security & research (MNFS&R) have made it clear that there is no ban on exports of rice from Pakistan as the country has sufficient stocks of the commodity.

Published 02 May, 2020 12:08am

REAP urges govt to exempt rice exporters from exports ban

Rice Exporters Association of Pakistan (REAP) reacting to information of a ban on export of all edible items by Pakistan, has urged the Ministry of National Food Security & Research (MNFS&R) not to apply this ban on rice exports.

Published 30 Apr, 2020 12:07am

Two fertilizer plants: Supply of gas lying suspended for last several months

Supply of natural gas to two fertilizer plants on the SNGPL network, Agritech Mianwali and FatimaFert Sheikhupura, has been lying suspended since November 2019.

Published 28 Apr, 2020 11:42pm

Markets

PSC to buy 560,000 bags of wheat seed each weighing 100kg

The Punjab Seed Corporation (PSC) will buy 560,000 bags of wheat seed each weighing 100 kilograms during the current procurement season from its registered growers to prepare certified high-quality wheat seed for the next season.

Published 25 Apr, 2020 09:49pm

Pakistan

Average profitability of 4 cement companies decline by 146 percent

Average profitability, after taxation, of four cement companies has declined by 146 percent as compared to the same period of the year 2019, while in nine months period of the current financial year, the profitability has declined by 109 percent.

Published 25 Apr, 2020 06:43am

Markets

Food department constitutes bodies for smooth wheat movement

The Punjab food department has constituted committees throughout the province at district level which will be led by officials from the Punjab agriculture department to ensure smooth wheat seed movement in the province and resolve the issues being reporte

Published 21 Apr, 2020 03:03am

Punjab government to seal all borders to snub wheat smuggling

The Punjab government has decided to seal all the borders of Punjab province to snub wheat smuggling. It has also decided that no private buyer will be allowed to pick up wheat from the province while there will be regular written purchase agreements with

Published 18 Apr, 2020 12:00am

Pakistan

PPA urges government to defer installments, payment on bank loans for a year

The Pakistan Poultry Association (PPA) submitted a set of recommendations to pull the sector out of decline due to lockdown in the country and urged the government to delay all installments and payment of the mark up on bank loans obtained by its members

Published 10 Apr, 2020 12:00am

APMPEA urges govt to help retrieve stuck payments

The All Pakistan Meat Processors & Exporters Association (APMPEA) has urged the federal government to launch efforts at commercial consulate level abroad to ensure retrieval of payments stuck/defaulted by the importers of Pakistani meat and its products.

Published 09 Apr, 2020 12:00am

Business & Finance

Farmers want cotton support price be fixed at Rs 5000/maund

Farmers representatives have urged the government to announce support price of the cotton crop for the current season at Rs 5000 per maund on priority basis encouraging the farmers to go for this crop.

Published 08 Apr, 2020 12:00am

PPA fears short supply of poultry products

Due to reduced consumption and price crash, broiler farmers have reduced placement of day-old chicks at their farms as a result of which hatcheries had almost stopped setting eggs for chick production.

Published 07 Apr, 2020 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 26	278.42
USD PKR Interbank Buying / Dec 26	278.27
USD to Japanese Yen / Dec 24	157.14
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
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03
France CAC40 / Dec 24	7,282.69
India Sensex / Dec 26	78,475.29

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Karachi Cotton PKR/37.32 KG / Dec 26	17,785
Petrol/Litre / Dec 27	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 26 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Sec. Inv. Bank / Dec 26 Security Investment Bank Limited(SIBL)	6.99 ▲ 1.00 (16.69%)
Next Capital / Dec 26 Next Capital Limited(NEXT)	9.90 ▲ 1.00 (11.24%)
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	16.45 ▲ 1.50 (10.03%)
Pak Gulf Leasing / Dec 26 Pak-Gulf Leasing Company Limited(PGLC)	15.81 ▲ 1.44 (10.02%)
Dewan Motors / Dec 26 Dewan Farooque Motors Limited(DFML)	42.21 ▲ 3.84 (10.01%)
Blue-Ex Ltd / Dec 26 Blue-Ex Limited (GEM)(GEMBLUEX)	44.96 ▲ 4.09 (10.01%)
Suhail Jute / Dec 26 Suhail Jute Mills Limited(SUHJ)	99.06 ▲ 9.01 (10.01%)
Altern Energy / Dec 26 Altern Energy Limited(ALTN)	22.65 ▲ 2.06 (10.00%)

Stock	Price
Jauharabad Sug / Dec 26 Jauharabad Sugar Mills Limited(JSML)	23.10 ▼ -2.57 (-10.01%)
Mughal Energy / Dec 26 Mughal Energy Limited(GEM)(GEMMEL)	18.45 ▼ -2.05 (-10.00%)
Fateh Ind. / Dec 26 Fateh Industries Limited(FIL)	120.56 ▼ -13.38 (-9.99%)
Olympia Mills / Dec 26 Olympia Mills Limited(OML)	36.01 ▼ -3.99 (-9.98%)
Popular Islamic / Dec 26 Popular Islamic Modaraba(PIM)	13.54 ▼ -1.50 (-9.97%)
Arctic Textile / Dec 26 Arctic Textile Mills Limited(ARCTM)	21.60 ▼ -2.37 (-9.89%)
Power Cem(Pref) / Dec 26 Power Cement (Pref)(POWERPS)	12.25 ▼ -1.22 (-9.06%)
Sanghar Sugar / Dec 26 Sanghar Sugar Mills Limited(SANSM)	24 ▼ -2.33 (-8.85%)
Equity Modaraba / Dec 26 First Equity Modaraba(FEM)	3 ▼ -0.29 (-8.81%)

Stock	Volume
WorldCall Telecom / Dec 26 Worldcall Telecom Limited(WTL)	127,408,831 ▼ -0.06
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	93,301,142 ▲ 1.50
TRG Pak Ltd / Dec 26 TRG Pakistan Limited(TRG)	46,900,564 ▲ 6.41
Sui South Gas / Dec 26 Sui Southern Gas Company Limited(SSGC)	33,559,500 ▼ -1.65
Cnergyico PK / Dec 26 Cnergyico PK Limited(CNERGY)	33,367,944 ▼ -0.16
K-Electric Ltd. / Dec 26 K-Electric Limited(KEL)	30,254,338 ▼ -0.19
B.O.Punjab / Dec 26 The Bank of Punjab(BOP)	30,003,113 ▼ -0.11
Hascol Petrol / Dec 26 Hascol Petroleum Limited(HASCOL)	27,155,152 ▲ 0.87
Aisha Steel Mill / Dec 26 Aisha Steel Mills Limited(ASL)	26,980,436 ▲ 0.09

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular