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PASSCO

Wheat procurement: Body formed to prepare plan as per IMF terms

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a committee headed by Finance Minister Muhammad Aurangzeb...

Updated 16 Nov, 2024 03:03pm

Passco to allocate, release wheat: ECC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet decided that domestic and imported wheat would...

Updated 02 Nov, 2024 03:06pm

Pakistan

Member CCP held for alleged involvement in wheat scam

ISLAMABAD: Federal Investigation Agency Anti-Corruption Circle Lahore has arrested Saeed Ahmed Nawaz, Member...

Published 04 Sep, 2024 08:27am

PASSCO privatisation: PM for preparing action plan

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday directed to prepare an action plan regarding the privatisation of...

Updated 13 Jul, 2024 09:50am

Markets

PASSCO increases its wheat procurement target

ISLAMABAD: Minister for Law and Justice Azam Nazeer Tarar said that Pakistan Agricultural Storage and Services...

Published 07 Jun, 2024 06:24am

Pakistan

Naqvi praises PM for farmer-friendly initiative

LAHORE: Interior Minister Mohsin Naqvi has paid tribute to Prime Minister Shehbaz Sharif for increasing target of...

Published 16 May, 2024 06:29am

Business & Finance

Passco MD, GM Procurement suspended

LAHORE: Prime Minister Shehbaz Sharif has ordered the suspension of Managing Director and General Manager...

Published 14 May, 2024 05:18am

Markets

Wheat crisis: PM suspends PASSCO higher-ups

Prime Minister Shehbaz Sharif on Monday ordered the suspension of the Managing Director and General Manager...

Updated 13 May, 2024 11:12pm

Pakistan

PM lauded for forming body to address farmers’ grievances

KARACHI: Zubair Tufail, President of the United Business Group (UBG), has applauded the Prime Minister of Pakistan...

Published 12 May, 2024 03:09am

Editorials

Political uncertainty continues to pervade

EDITORIAL: Three months after the general elections that were expected to presage easing of all political ...

Published 11 May, 2024 06:22am

Business & Finance

Wheat procurement: FPCCI body challenges Passco’s competence

ISLAMABAD: Standing Committee on Agriculture of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has...

Published 08 May, 2024 06:43am

Business & Finance

Import of 200,000 MTs of urea fertiliser allowed: ECC increases Passco’s wheat procurement target

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has increased procurement of wheat target of...

Published 08 May, 2024 06:43am

ECC all set to approve enhancement of wheat target

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is all set to approve enhancement of wheat...

Updated 07 May, 2024 08:51am

Wheat fiasco points towards govt ‘negligence’

ISLAMABAD: The mismanagement associated with allowing wheat imports, which benefited the private sector and deprived...

Updated 07 May, 2024 08:52am

Wheat procurement: PM vows to protect farmers

LAHORE: Announcing that the federal government will procure 1.8 million metric tonnes of wheat through the Pakistan...

Updated 05 May, 2024 01:52pm

Business & Finance

ECC clears Rs274bn CCL for wheat procurement

ISLAMABAD: The Economic Coordination Committee of Cabinet approved a Rs274 billion Cash Credit Limit (CCL) for the...

Published 06 Apr, 2024 05:28am

Editorials

The wheat harvest

EDITORIAL: Surely, the new prime minister, and his cabinet would have liked to settle in to better news than the...

Published 13 Mar, 2024 06:32am

Pakistan

There’s no wheat shortage, Senate told

ISLAMABAD: The caretaker government has claimed that 7.2 million metric tonnes of wheat stocks are currently...

Published 28 Nov, 2023 04:56am

Cash credit limit: ECC’s approval sought for Punjab, Sindh

ISLAMABAD: Ministry of National Food Security and Research (M/s NFS&R) has sought ECC approval for Cash Credit...

Updated 23 Nov, 2023 08:44am

Wheat procurement: ECC directs ministry to submit action plan

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Ministry of National Food Security...

Updated 03 Nov, 2023 10:10am

Various depts/organisations: TCP receivables stand at Rs253.8bn

ISLAMABAD: The Trading Corporation of Pakistan (TCP) receivables against various departments/organisations stand at...

Updated 14 Oct, 2023 09:54am

Agencies/provinces/areas: ECC allows allocation of wheat on price-weighted average

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet allowed allocation of wheat among the recipients...

Updated 25 Jul, 2023 09:23am

Opinion

Wheat import: doors not closed yet

Pakistan is the 7th largest wheat producer in the world but, with respect to yield the country stands at 37th rank....

Published 28 Jun, 2023 06:31am

Sale of Passco’s damaged wheat: ECC directs ministry to resolve issue

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Ministry of National Food...

Updated 16 Jun, 2023 08:57am

Passco to auction off 44,784MTs of damaged wheat

ISLAMABAD: Pakistan Agriculture Storage and Services Corporation Limited (Passco), an arm of Ministry of National...

Updated 25 May, 2023 08:50am

Wheat procurement: ECC issues directives on issue of bank charges

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet has directed Secretaries of Finance and National...

Updated 05 May, 2023 09:01am

Passco: PAC seeks wheat data

ISLAMABAD: The Public Accounts Committee (PAC) that met here under Chairman Noor Alam Khan sought data of the Passco...

Updated 05 May, 2023 09:02am

Hike in prices of essential drugs approved by ECC

ECC approves Ministry of National Health Services summary for an increase based on the recommendations of the Policy Board of DRAP in the wake of the devaluation of the rupee and inflation

Updated 29 Apr, 2023 11:37am

TCP paying Rs143m mark-up daily on loans for commodity imports

ISLAMABAD: The Trading Corporation of Pakistan (TCP) is paying Rs 143 million mark-up daily on loans raised from...

Updated 14 Apr, 2023 08:37am

Markets

Punjab Cabinet allows purchase of 300,000MT of wheat from Passco

LAHORE: Punjab Cabinet, which met here Friday, accorded approval to purchase 300,000 metric tonnes additional wheat...

Published 01 Apr, 2023 06:21am

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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