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Hassan Abbas

Rs 2.3 trillion Punjab budget focuses regional equalization

Punjab Finance Minister Makhoom Hashim Jawan Bakht on Friday presented the Punjab budget for fiscal year 2019-20 with an outlay of more than Rs 2300 billion in the provincial assembly. During his budget speech, the minister said that social protection, hu

Published 15 Jun, 2019 12:00am

Rs 2.3 trillion Punjab budget focuses regional equalization

Published 15 Jun, 2019 12:00am

Rs 2.3 trillion Punjab budget focuses regional equalization

Published 15 Jun, 2019 12:00am

Markets

Country passing through economic crisis: Hamza

Opposition leader in Punjab Assembly Hamza Shahbaz Sharif said that circumstances for investors are not favourable in Pakistan. While addressing the session, Hamza said investment has dropped by 52% and devaluation of our currency is the lowest in the reg

Published 14 Jun, 2019 12:00am

Raising total revenue by 33pc to be a challenge: IPR

The ambitious goal of raising total revenue by 33 percent will be a challenge in the face of moderate economic growth, said Institute for Policy Reforms in its review of the federal budget 2019-20 issued here Wednesday. According to the review the framewo

Published 13 Jun, 2019 12:00am

HEC's junior officers accused of interfering in government universities

Undue interference by junior officers deputed in the Higher Education Department Punjab from college cadre in administrative matters of public sector universities and colleges is increasing day by day. Well informed sources told Business Recorder t

Published 12 Jun, 2019 12:00am

Talks with government: PRGMEA distances itself from APTMA

Representatives of five zero rated sectors (value added textile, carpet, leather, sports goods and surgical goods) have distanced themselves from All Pakistan Textile Mills Association (APTMA) after a news circulated by APTMA leadership regarding negotiat

Published 08 Jun, 2019 12:00am

Markets

Budget proposals 2019-20: APTMA seeks permission to procure gas under zero rating facility

In its budget proposals, the All Pakistan Textile Mills Association (APTMA) has demanded permission to procure gas under zero rating facility for taxpayers who applied for it under the STGO No. 18 of 2007.

Published 23 May, 2019 12:00am

PhD, MPhil courses: PU faculty, administration divided over HEC directives

The faculty members and administration of University of the Punjab is not the same page on the decision of Higher Education Commission of Pakistan to halt admissions in 27 PhD and 33 MPhil/ MS equivalent programs offered by the varsity.

Published 18 May, 2019 12:00am

Three names shortlisted for PHEC chairman

The process of appointment of permanent chairperson of the Punjab Higher Education Commission (PHEC) has entered the final stage. As many as 143 candidates had submitted applications for the post of second permanent chairperson. Chairman Prime Minister Ta

Published 16 May, 2019 12:00am

Three names shortlisted for PHEC chairman

Published 16 May, 2019 12:00am

Three names shortlisted for PHEC chairman

Published 16 May, 2019 12:00am

HEC halts PU's 55 PhD degrees, 69 MPhil/MS programmes

The Higher Education Commission of Pakistan (HEC) has halted 55 PhD degrees and 69 MPhil/MS equivalent programmes run by University of the Punjab and advised the management to immediately stop admissions in these programmes.

Published 14 May, 2019 12:00am

HEC chairman wants his 'own person' on key post

Higher Education Commission of Pakistan Chairman, Dr Tariq Banuri has decided again to advertise the post of executive director in order to appoint person of his own choice. Sources told Business Recorder that earlier a five-member selection commit

Published 07 May, 2019 12:00am

Government will reduce duty on raw materials, says Dawood

Adviser to Prime Minister on Commerce, Textile, Industry and Production Abdul Razzak Dawood said on Saturday the government will reduce duty on raw materials but it will not reduce the same on finish goods. Dawood was addressing a seminar on ''Business Op

Published 05 May, 2019 12:00am

Government will reduce duty on raw materials, says Dawood

Published 05 May, 2019 12:00am

Government will reduce duty on raw materials, says Dawood

Published 05 May, 2019 12:00am

Experts for improving civic space in interest of economy, human rights

A research study "Defining National Interest in Human Development" authored by Dr Qais Aslam and Peter Jacob, assessing the impact of Pakistan's INGOs/NGOs regulation Policy in the Economic, Developmental and Relational Markers was launched at the auspice

Published 03 May, 2019 12:00am

New Khanki Barrage Wazirabad: 'DESCON completes construction in record 50 months'

"DESCON which is the leading construction company of Pakistan has recently completed the construction of new Khanki Barrage Wazirabad at the cost of Rs 21.3 billion in record 50 months. The project is funded by Asian Development Bank and Government of Pun

Published 02 May, 2019 12:00am

Punjab Assembly adopts LG Bill

The Punjab Assembly Tuesday passed the Punjab Local Government Bill 2019 and The Punjab Village Panchayats and Neighborhood Councils Bill 2019 amid walkout and protest of opposition parties. The Speaker rejected all the amendments of the opposition saying

Published 01 May, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Cotton US¢/pound / Dec 23	68.96
Petrol/Litre / Dec 24	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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