News stories for Zahid Baig - Business Recorder

Zahid Baig

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

Business & Finance

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

Governments criticised for failing to deal with locust challenge

Expressing extreme dismay over the failure of the federal and provincial governments to control locust swarm, Farmers Bureau of Pakistan (FBP) has demanded the resignation of Federal Minister for Food Security and Provincial Agriculture Ministers especial

Published 06 Feb, 2020 12:00am

Export shipments: APMPEA terms ANF's checking process 'reckless'

All Pakistan Meat Processors & Exporters Association (APMPEA) Chairman Nasib Ahmad Saifi has drawn the attention of the Trade Development Authority of Pakistan (TDAP) and Ministry of National Food Security & Research (MNFS&R) towards what he claimed 'reck

Published 26 Jan, 2020 12:00am

Business & Finance

Fertiliser sector opposes raise in gas tariff

Rumours of increasing gas tariff for the fertilizer sector may hamper the government efforts to pass on a decrease of Rs400 per bag of urea to the farming community after curtailing Gas Infrastructure Development Cess (GIDC).

Published 24 Jan, 2020 12:00am

Markets

Sale of allocated wheat in open market: Punjab CM for initiating action against flour mills

The Chief Minister Punjab Sardar Usman Buzdar has directed the authorities concerned to initiate indiscriminate action against flour mills involved in the sale of allocated wheat in the open market. He said that no flour mills will be allowed to do so.

Published 17 Jan, 2020 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 6	279.23
USD PKR Interbank Buying / Feb 6	279.03
USD to Japanese Yen / Feb 6	153.25
USD to Swiss Franc / Feb 6	0.91
Pound Sterling to USD / Feb 6	1.24
Euro to USD / Feb 6	1.04
UK LIBOR % / Feb 6	4.96

Stock	Volume
S&P 500 / Feb 6	6,083.57
India Sensex / Feb 6	77,948.31
Tokyo Nikkei / Feb 6	38,815.94
Nasdaq / Feb 6	19,791.99
Hang Seng / Feb 6	21,210.86
FTSE 100 / Feb 6	8,727.28
Dow Jones / Feb 6	44,747.63
Germany DAX 30 / Feb 6	21,902.42
France CAC40 / Feb 6	8,007.62

Item	Value
Crude Oil USD/Barrel / Feb 6	70.80
Karachi Cotton PKR/37.32 KG / Feb 6	18,285
Gold 10 Grams PKR / Feb 6	256,087
Gold Spot USD/Ounce / Feb 6	2,868.39
Cotton US¢/pound / Feb 6	66.48
Petrol/Litre / Feb 7	257.13
Diesel/Litre / Feb 7	267.95

Gainers
Losers
Leaders

Stock	Price
Imperial Limited / Feb 7 Imperial Limited(IML)	18.87 ▲ 1.72 (10.03%)
Sana Ind / Feb 7 Sana Industries Limited(SNAI)	30.27 ▲ 2.74 (9.95%)
Shahtaj Sugar / Feb 7 Shahtaj Sugar Mills Limited(SHJS)	149.18 ▲ 12.6 (9.23%)
TPL Insurance / Feb 7 TPL Insurance Limited(TPLI)	10.39 ▲ 0.86 (9.02%)
Jahangir Sidd(Pref) / Feb 7 Jahangir Sidd(Pref)(JSCLPSA)	9.55 ▲ 0.69 (7.79%)
Shaheen Ins. / Feb 7 Shaheen Insurance Company Limited(SHNI)	6.70 ▲ 0.48 (7.72%)
Arpak Int. / Feb 7 Arpak International Investments Ltd.(ARPAK)	69.90 ▲ 4.89 (7.52%)
Mandviwala / Feb 7 Mandviwala Mauser Plastic Industries(MWMP)	19.90 ▲ 1.37 (7.39%)
Premier Insurance / Feb 7 Premier Insurance Limited(PINL)	5.89 ▲ 0.4 (7.29%)
EFU General / Feb 7 EFU General Insurance Limited(EFUG)	123.39 ▲ 7.27 (6.26%)

Stock	Price
First Capital Equities / Feb 7 First Capital Equities Limited(FCEL)	5.10 ▼ -0.79 (-13.41%)
Dewan Textile / Feb 7 Dewan Textile Mills Limited(DWTM)	6.61 ▼ -0.98 (-12.91%)
Apna Microfin. / Feb 7 Apna Microfinance Bank Limited(AMBL)	10.77 ▼ -1.2 (-10.03%)
Leather Up Ltd. / Feb 7 Leather Up Limited(LEUL)	35.26 ▼ -3.92 (-10.01%)
Chashma / Feb 7 Chashma Sugar Mills Limited(CHAS)	81.41 ▼ -9.05 (-10%)
Fateh Sports / Feb 7 Fateh Sports Wear Limited(FSWL)	85.50 ▼ -9.5 (-10%)
Intermarket Securities / Feb 7 Intermarket Securities Limited(IMS)	48.63 ▼ -5.4 (-9.99%)
Al-Khair Gadoon / Feb 7 Al-Khair Gadoon Limited(AKGL)	33.01 ▼ -3.49 (-9.56%)
Power Cem(Pref) / Feb 7 Power Cement (Pref)(POWERPS)	9.99 ▼ -1.01 (-9.18%)
Shield Corp. / Feb 7 Shield Corporation Limited(SCL)	245.01 ▼ -23.06 (-8.6%)

Stock	Volume
Silk Bank Ltd / Feb 7 Silkbank Limited(SILK)	119,523,297 ▼ -0.1
WorldCall Telecom / Feb 7 Worldcall Telecom Limited(WTL)	80,384,932 ▲ 0.02
Bank Makramah / Feb 7 Bank Makramah Limited(BML)	64,937,708 ▼ -0.08
B.O.Punjab / Feb 7 The Bank of Punjab(BOP)	17,199,644 ▼ -0.28
TRG Pak Ltd / Feb 7 TRG Pakistan Limited(TRG)	13,127,512 ▲ 0.25
Cnergyico PK / Feb 7 Cnergyico PK Limited(CNERGY)	12,104,269 ▼ -0.03
National Bank / Feb 7 National Bank of Pakistan(NBP)	10,980,621 ▼ -0.33
Fauji Foods Ltd / Feb 7 Fauji Foods Limited(FFL)	10,484,043 ▼ -0.2
The Searle Co. / Feb 7 The Searle Company Limited(SEARL)	10,207,814 ▼ -1.73
Citi Pharma Ltd / Feb 7 Citi Pharma Ltd.(CPHL)	9,959,309 ▼ -1.96

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