Trends - Abdul Razak Dawood - Business Recorder

Abdul Razak Dawood

PM approves formation of National Export Development Board

The board will be headed by the Prime Minister himself under the Strategic Trade Policy Framework 2020-25.

Published 30 Nov, 2020 04:38pm

Business & Finance

Razak Dawod urges exporters to send proposal for Pak-Afghan PTA

“I request all exporters to send their proposals to MOC at the earliest. Bilateral trade with Afghanistan has to be placed on a sustainable growth path,” he added.

Published 26 Nov, 2020 03:57pm

Pakistan

Gwadar Port handles fish cargo as trial run: Dawood

"This will hopefully be the encouraging beginning of our trans-shipment policy and will increase Gwadar Port operations. I wish to appreciate Pakistan Customs in making the first trial run successful,” he added.

Published 25 Nov, 2020 05:46pm

Business & Finance

Pak- Afghan PTA: MoC to begin engagement with stakeholders next week

The engagement will begin after the conclusion of PM Imran Khan maiden visit to Afghanistan.

Updated 20 Nov, 2020 01:02pm

Business & Finance

Poultry exporters urge to find new markets after Duty drawback facility allowed

The Advisor urged the exporters in the poultry sector to take advantage of this new sector and find new markets for Pakistan's exports.

Published 19 Nov, 2020 10:54am

Markets

Govt to announce Textile Policy this month: Dawood

Talking about the impact of COVID-19 outbreak, the advisor said that the government had taken into account the coronavirus factor in the new policy and will make changes accordingly with the arrival of vaccine.

Updated 13 Nov, 2020 03:24pm

Business & Finance

Pakistan’s export of Remdesivir, COVID related products surges

Back in May, Pakistani pharmaceutical company Ferozsons Laboratories reached an agreement with Gilead Science Inc for the manufacture and sale of Remdesivir in the country.

Published 11 Nov, 2020 02:07pm

Business & Finance

MoC to hold consultative meeting with plastic industry

The upcoming meeting comes at the backdrop of a meeting held in August 2020 on the 3-year Tariff Road Map, in which the Commerce Ministry had decided to start deliberations on long-term tariff policy for all sectors like plastics, engineering, pharmaceuticals, textiles, etc.

Updated 07 Nov, 2020 06:43pm

Business & Finance

Dawood urges Exporters & Industrialists to avail the Industrial Support Package

“It was a long standing demand of our industry that our energy tariff be made competitive in order to reduce their cost of doing business. This demand has now been met,” said Dawood in a tweet post on Wednesday.

Published 04 Nov, 2020 01:27pm

Business & Finance

Pakistan exports back on Pre-COVID track, crosses $2bn in Oct: Dawood

“This is despite the contraction in our major markets due to COVID-19 and the uncertainty created by the recent resurgence of the COVID-19 pandemic,” he added.

Published 02 Nov, 2020 03:21pm

Business & Finance

World’s top apparel brands Target, Hugo Boss shifting orders to Pakistan

“This is a good trend and I am very hopeful that this will continue. I hope that the exporters will capitalize on this opportunity,” he added.

Published 31 Oct, 2020 12:03pm

Pakistan

Razak urges exporters to enhance presence in global markets

He said that with the world returning to lockdowns, amid Covid-19 resurgence, the demand for our exports may also be affected.

Updated 27 Oct, 2020 08:54pm

Business & Finance

Dawood urges Pakistani exporters to remain vigilant amid second wave of COVID

The advisor said that as the world returning to lockdowns, amid the resurgence of COVID-19 cases, the demand for Pakistan’s exports may also be affected.

Published 27 Oct, 2020 01:02pm

Pakistan

Razak hails progress in regulatory reforms through PRMI

The adviser said this while chairing the 4th meeting of the Steering Committee on Pakistan Regulatory Modernization Initiative (PRMI), in the Board of Investment (BOI).

Published 19 Oct, 2020 07:27pm

Markets

Razak reaffirms for increasing trade, economic relations with Afghanistan

The Committee was informed that Afghanistan Pakistan Transit Trade Coordination Authority (APTTCA) was established to monitor the effective implementation of the agreement.

Published 19 Oct, 2020 07:24pm

Business & Finance

Fully automated duty drawback payment system starts operations

Dawood was of the view that in the future, Income Tax and Sales Tax refunds will also be fully automated to create a hassle-free facilitative environment for the exporters.

Published 19 Oct, 2020 11:59am

Pakistan

Razak supports ‘Make in Pakistan’ initiative led economic growth

The TPB approved further working on 152 tariff Lines for removal of Additional Customs Duty.

Published 09 Oct, 2020 01:03am

Pakistan

Pakistan to oppose India’s claim of Basmati Rice in EU: Dawood

This was decided during a meeting chaired by the Adviser for Prime Minister on Commerce Abdul Razak Dawood here on Monday.

Published 05 Oct, 2020 06:38pm

Business & Finance

After August hammering, Pakistan exports post 6pc growth in September

The advisor urged the exporters that besides executing current orders, they should pursue more orders from existing markets and reach out to untapped markets.

Published 02 Oct, 2020 11:39am

Business & Finance

FBR revise rates of Duty Drawback for leather sector

The determination of revised rates of other sectors will follow, including furniture, footwear, and pharmaceuticals, he said.

Published 30 Sep, 2020 02:51pm

Business & Finance

Govt establishes WEE for female entrepreneurs

The group would remove barriers and enhance women’s participation in business activities, added Dawood.

Published 29 Sep, 2020 02:57pm

Business & Finance

Dawood urges women entrepreneurs to avail SBP scheme for inclusive economic development

The advisor said that female entrepreneurs should approach the central bank for their business financing needs, as SBP has a scheme specifically for this purpose.

Published 26 Sep, 2020 11:19am

Business & Finance

ECC approves removal of duties on selected items of textile sector

The advisor informed that notification will be issued after ratification by the Cabinet.

Published 23 Sep, 2020 01:57pm

Pakistan

Razak lauds Pak, China development agreement for Rashakai SEZ

The agreement would be a landmark in the industrial cooperation under the second phase of CPEC (China Pakistan Economic Corridor), he said in his twitter account.

Published 15 Sep, 2020 12:00am

Business & Finance

Pakistan’s exports take a hammering, decline over 19pc in August

Abdul Razak Dawood said that the significant decline was due to the unprecedented monsoon rains, which resulted in disruption of the supply chain.

Published 03 Sep, 2020 03:42pm

Pakistan

Govt agrees to revises rates of five zero-rated industries: Razak Dawood

He said that all these matters were important and would be examined with the relevant stakeholders to bring them to a closure.

Published 01 Sep, 2020 10:55pm

Record shattering Karachi rains to take toll on Pakistan’s exports

The advisor added that the exporters facing any difficulties “may please be brought to the notice of the MOC.”

Published 26 Aug, 2020 01:03pm

Pakistan

Razak reiterates for trade, investment relations between Pak-Uzbekistan

The Advisor emphasized the importance of developing connectivity for harnessing and deepening the bilateral relationship.

Published 19 Aug, 2020 08:41pm

Business & Finance

Pakistan allows export of N-95 & surgical masks

“Alhamdulillah, the Cabinet has allowed export of N-95 & Surgical masks,” said Dawood in a tweet.

Published 19 Aug, 2020 01:58pm

Business & Finance

Pakistan’s ‘Look Africa Policy’ shows impressive results despite COVID-19

Pakistan’s exports to Malawi grew by a whooping 1254pc from just $0.093mn in 2019 to $1.266mn in 2020.

Published 11 Aug, 2020 11:56am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 27	278.43
USD PKR Interbank Buying / May 27	278.23
USD to Japanese Yen / May 28	156.89
USD to Swiss Franc / May 28	0.91
Pound Sterling to USD / May 28	1.28
Euro to USD / May 28	1.09

Stock	Volume
S&P 500 / May 27	5304.72
Nasdaq / May 27	16920.79
Dow Jones / May 27	39069.59
India Sensex / May 28	75437.68
Tokyo Nikkei / May 28	38855.37
Hang Seng / May 28	18837.33
FTSE 100 / May 28	8306.71
Germany DAX 30 / May 28	18823.58

Item	Value
Karachi Cotton PKR/37.32 KG / May 27	19935
Crude Oil USD/Barrel / May 28	78.74
Gold 10 Grams PKR / May 28	206018
Gold Spot USD/Ounce / May 28	2343.50
Cotton US¢/pound / May 28	80.76
Petrol/Litre / May 29	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Abdul Razak Dawood

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