News stories for Zahid Baig - Business Recorder

Zahid Baig

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

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

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	279.17
USD PKR Interbank Buying / Jan 30	278.97
USD to Japanese Yen / Jan 30	154.32
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
India Sensex / Jan 30	76,759.81
Tokyo Nikkei / Jan 30	39,513.97
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
FTSE 100 / Jan 30	8,646.88
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20

Item	Value
Crude Oil USD/Barrel / Jan 30	72.99
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Gold 10 Grams PKR / Jan 30	248,885
Gold Spot USD/Ounce / Jan 30	2,849.50
Cotton US¢/pound / Jan 30	66.27
Petrol/Litre / Jan 31	256.13

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular