News stories for Shabir Ahmed - Business Recorder

December was full of surprises but not surprising. We have to wait for the denouement of play called 'Institutions'. Curious tales in the twist are sure to follow; twists that could well make our real estate Mogul's unexplained wealth (frozen by UK's NCA)

Updated 27 Dec, 2019 09:07am

Opinion

Police in full view

The Punjab Institute of Cardiology (PIC) rampage was more than a macabre act of certain insensitive specimens in black. It could be their idea of 'fun' that teetered over the bend, or a grotesque demonstration of 'one for all and all for one'. But it did

Updated 20 Dec, 2019 06:47am

Opinion

Refunds delayed is justice denied

In Naya Pakistan you have to thank those who sit on your money and return it, in dribs and drabs, as and when it suits them. But lest you should forget, when you get your money back you have to make a public announcement of your gratitude by taking out an

Published 12 Dec, 2019 12:00am

Opinion

Inequality: the gaping hole in IMF template

There is general consensus that the IMF programme is disruptive but necessary. Also, now that we are in it we should see it through. We need to fix our fiscal and external accounts before we can go for sustained growth. Growth driven by the politically ex

Updated 05 Dec, 2019 09:15am

Opinion

There is room at the top

We have no idea what the Maulana came to Islamabad for and what he went back with. No dearth of theories there, but none that are granulated with good evidence or credible accounts.

Updated 28 Nov, 2019 11:18am

Opinion

Karachi, the resilient city

Either Commissioner Karachi, the right honourable Iftikhar Shalwani, is grossly underworked, or is living on steroids. How else do you explain the enormous creativity, a child of hours of serious reflection, which goes into adorning Karachi with all those

Updated 21 Nov, 2019 06:42am

Opinion

Outsourcing the Government

Commerce is our most important Ministry; or should be. The case for Commerce's paramountcy in government's pantheon is self-evident. Trade balance, the Achilles' heel of our economy, depends on how Commerce acts or doesn't. Without a major breakthrough in

Updated 14 Nov, 2019 09:25am

Opinion

Government for the people: Holy Grail or a right denied?

We are not good at reading tea leaves. We can speculate on Maulana's motives but have no idea what particular 'freedom(s)' Azadi March is in search of.

Published 07 Nov, 2019 12:00am

Opinion

Fixing Pakistan Steel: Trick or treat?

Was the Secretary Industries and Production in the Halloween mood when he informed the Senate Committee that the government proposed to revive the Steel Mills (PSM) by giving minority shares and management control to the private sector, "on the same patte

Updated 31 Oct, 2019 08:51am

Opinion

We believe what's drummed into us

Why do we have such firmly held beliefs that a discussion becomes a fight? Conversation so easily degenerates into an argument - 'us versus them' kind - with little room for the other point of view. Of course, matters of faith are incontrovertible and nee

Updated 24 Oct, 2019 07:24am

Opinion

Senior Civil Service: Uncooperative or poorly led?

Government is looking increasingly more dysfunctional. Part of the reason, we hear, is that the senior civil service is not putting its weight behind the government. It is not perceived to be a willing partner.

Updated 17 Oct, 2019 06:05am

Opinion

Reko Diq: what is the CM Balochistan saying?

If we heard him right CM Balochistan is looking for local business groups to invest, something like $3 billion at first blush, in Reko Diq copper and gold mines.

Updated 10 Oct, 2019 09:18am

Markets

A glass half full?

This seems to be the season of harvesting hopes. One after another, like manna from heaven - the food that God miraculously provided to the lost tribes wandering in the wilderness - good news is pouring in.

Updated 03 Oct, 2019 06:16am

Does the govt pay what it owes?

All levels of government tirelessly remind us of our duty to pay to the State what we owe. They should. We can't question either the legitimacy or the timeliness of their crusade against tax evaders and non-payers of various levies.

Updated 26 Sep, 2019 08:14am

The Constitution and its guardians

Chief Justice Khosa has a way to make his words memorable. Whether recalling Mario Puzoand upending Khalil Gibran, or articulating his vision on the occasion of farewell reference for his predecessor, his statements resonate; not just in the corridors of

Updated 19 Sep, 2019 07:34am

Our revolving door of existential threats

The abandon with which we label every looming crisis an existential threat must be making Kierkegaard, Nietzsche, Sartre roll in their graves.

Updated 12 Sep, 2019 07:03am

Markets

Desperately seeking good news

The Nation needs to get perked up. That is the 'advice' the government seems to have received. So into the mouth of despair rode the government horsemen with spears of optimism: economy is turning around, India got trounced in The Hague as well as New Yor

Published 05 Sep, 2019 12:00am

By Banigala I sat down and wept

Since the day we got Pakistan we have lived in the hope of Naya Pakistan. And there has been no dearth of messiahs. Ayub promised it, ZAB dazzled us, Zia sought to change the way we think and live, and for Musharraf hope resided in his 'second skin', the

Published 29 Aug, 2019 12:00am

State-Owned Enterprises: Hard to swallow, harder to spout

The prevalent view, informed or not, is that State-Owned Enterprises (SOEs) are bad news. They are perceived to be inefficient, anti-merit, and prone to cronyism and graft. They have a 'hemorrhaging effect' on the budget. 'Government has no business doing

Published 08 Aug, 2019 12:00am

Fixing the economy: high-stakes gamble?

The government appears determined to go through the reform process, and it seems to have the blessings of the proverbial 'powers that be'. Some would say the Powers won't let the government deviate from the path (IMF Plus?) even if it wanted to. We say mo

Published 01 Aug, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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