News stories for N H Zuberi - Business Recorder

N H Zuberi

Business & Finance

Cut in interest rate by one percent: Business community hastens to tell SBP it's 'too little, too late'

KARACHI: The business community, while reacting to the State Bank of Pakistan's reducing the interest rate by one...

Published 28 Jun, 2020 02:59am

Markets

Government urged to prioritise agri-sector to support economy

KARACHI: Former Chairman of FPCCI's Standing Committee on Agriculture and Businessmen Panel Secretary General...

Updated 25 Jun, 2020 03:25am

Markets

GST should be reduced to 14pc: KCCI

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has stressed that the...

Published 22 Jun, 2020 03:03am

Business & Finance

Imported raw materials: PYMA disappointed over non-provision of relief

KARACHI: Chairman, Pakistan Yarn Merchants Association (PYMA) Danish Hanif has expressed frustration over...

Updated 18 Jun, 2020 03:43am

Business & Finance

NKATI chief calls for imposing sales tax at retail stage

KARACHI: President, North Karachi Association of Trade and Industry (NKATI) Naseem Akhtar has suggested the...

Published 11 Jun, 2020 03:00am

Markets

Development of agri-sector must to ensure availability of raw materials

KARACHI: The COVID-19 crisis would necessarily increase global and domestic demand for food security. This makes it...

Updated 13 Jun, 2020 11:45pm

Business & Finance

FPCCI to survey effects of Covid-19

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has designed a comprehensive survey...

Updated 14 Jun, 2020 12:55am

Pakistan

Country should decrease dependence on traditional exports: FPCCI

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended that Pakistan should formulate strategies to decrease dependence on traditional exports like textiles, leather, carpet, sports goods, stainless steel, surgical goods, rice et

Published 31 May, 2020 12:04am

Pakistan

Teli asks government to deploy troops to enforce SOPs

Former President Karachi Chamber of Commerce & Industry (KCCI) and Chairman Businessmen Group (BMG) Siraj Kassam Teli has advised the government to deploy troops from the Army whose presence and patrolling at various commercial markets would ensure strict

Published 28 May, 2020 12:03am

Pakistan

Plea for implementation of Geographical Indication Protection Law

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has noted that absence of Geographical Indication Protection Law which was drafted in 2001 has created millions of rupees loss to Pakistan's economy in terms of not fetching good prices

Published 27 May, 2020 12:06am

Pakistan

Govt urged to deal with locust threat with better coordination

Former chairman of the FPCCI standing committee on horticulture and BMP secretary-general (Federal), Ahmad Jawad, has called upon the government to raise the issue of locust threat across the country in the meetings of National Coordination Committee and

Published 24 May, 2020 12:01am

FPCCI proposes setting up of 'used vehicles EPZ' in Karachi or Gwadar

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed that "used vehicles EPZ" be set up in Karachi, Port Qasim or Gwadar and import of both right-hand and left-hand drive vehicles may be allowed under this EPZ for their export

Published 08 May, 2020 12:05am

Markets

Covid-19 pandemic likely to delay mango export

Mango export from Pakistan is expected to start late due to Covid-19 Pandemic. Former Chairman of FPCCI Standing Committee on Agriculture, Ahmad Jawad has urged the government to allow Labourers from South Punjab to travel and work in mango farms to save

Published 05 May, 2020 12:06am

Pakistan

BMP calls to revise 18th Amendment, NFC Award

Businessmen Panel (BMP) Secretary General (Federal) Ahmad Jawad has said 18th Amendment should be revised including NFC award so that the balance of powers could be streamlined including certain powers may be come back to Federation because public looks t

Published 04 May, 2020 12:07am

Pakistan

Lockdown, home delivery offer boosting online shopping stores

'Stay-at-home order' and offers of home delivery of goods are the two main factors boosting the online shopping stores these days.

Published 03 May, 2020 12:05am

Pakistan

Pakistan should take advantage of lower oil prices, says BMP official

Secretary General (Federal) of the Businessmen Panel (BMP), Ahmad Jawad, said oil price crash in the international market is an opportunity for the country to buy and store oil in order to reduce inflation.

Published 24 Apr, 2020 02:52am

Pakistan

Refinance scheme: SBP urged to provide urgent relief to importers

President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has urged the Governor State Bank of Pakistan (SBP) to provide urgent relief to all importers through a refinance scheme whereby the import bills which are due for payment whic

Published 23 Apr, 2020 02:53am

Pakistan

Economic situation may further deteriorate, fears business community

The business & industrial community of Karachi, which was already largely pessimistic about the business and economic conditions for 2020 before the outbreak of Coronavirus, fears that the economy is taking a beating at the hands of the Covid-19 Pandemic,

Published 21 Apr, 2020 03:03am

Pakistan

BMP terms debt relief measures as positive step

Secretary General (Federal) of the Businessmen Panel (BMP), Ahmad Jawad has said debt relief measures by G20 countries, the International Monetary Fund (IMF) and the World Bank (WB) for developing countries, including Pakistan providing one-year breather

Published 19 Apr, 2020 12:00am

Pakistan

Teli calls for cutting basic policy rate to 4 percent: KCCI team confers with FBR officials

Chairman of Businessmen Group and former President Karachi Chamber of Commerce and Industry (KCCI) Siraj Kassam Teli has proposed four immediate measures that government should take which include 1) Basic Policy rates should be brought down by SBP from cu

Published 18 Apr, 2020 12:00am

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Jul 2 Dewan Sugar Mills Limited(DWSM)	2.99 ▲ 0.80 (36.53%)
Yousuf Weaving / Jul 2 Yousaf Weaving Mills Limited(YOUW)	5.51 ▲ 0.56 (11.31%)
Ashfaq Textile / Jul 2 Ashfaq Textile Mills Limited(ASHT)	8.90 ▲ 0.90 (11.25%)
Azgard Nine / Jul 2 Azgard Nine Limited(ANL)	11.28 ▲ 1.00 (9.73%)
Tri-Star Power / Jul 2 Tri-Star Power Limited(TSPL)	3.79 ▲ 0.29 (8.29%)
Sanofi-Aventis / Jul 2 Sanofi-Aventis Pakistan Limited(SAPL)	1148.48 ▲ 80.12 (7.50%)
Bolan Casting / Jul 2 Bolan Castings Limited(BCL)	53.55 ▲ 3.73 (7.49%)
K.S.B.Pumps / Jul 2 KSB Pumps Company Limited(KSBP)	142.14 ▲ 9.91 (7.49%)
MithchellsFruit / Jul 2 Mitchells Fruit Farms Limited(MFFL)	91.69 ▲ 6.39 (7.49%)
Allawasaya Tex / Jul 2 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1525.00 ▲ 106.00 (7.47%)

Stock	Price
F.Treet Manuf / Jul 2 First Treet Manufacturing Modaraba(FTMM)	9.78 ▲ -1.00 (-9.28%)
Husein Sug.Convert.Pref. / Jul 2 Husein Sugar Mills Ltd Convertible Preference Shares(HSMCPS)	4.99 ▲ -0.51 (-9.27%)
AEL Textile / Jul 2 AEL Textile Limited(AEL)	12.95 ▲ -1.05 (-7.50%)
Ellcot Spinning / Jul 2 Ellcot Spinning Mills Limited(ELSM)	150.77 ▲ -12.22 (-7.50%)
TPL Insurance / Jul 2 TPL Insurance Limited(TPLI)	31.21 ▲ -2.53 (-7.50%)
Bank Of Khyber / Jul 2 The Bank of Khyber(BOK)	13.92 ▲ -1.08 (-7.20%)
Pak Gen.Ins. / Jul 2 The Pakistan General Insurance Co. Ltd.(PKGI)	10.16 ▲ -0.77 (-7.04%)
Kohinoor Mills / Jul 2 Kohinoor Mills Limited(KML)	25.00 ▲ -1.75 (-6.54%)
Jahangir Sidd(Pref) / Jul 2 Jahangir Sidd(Pref)(JSCLPSA)	7.50 ▲ -0.44 (-5.54%)
Quice Food / Jul 2 Quice Food Industries Limited(QUICE)	3.82 ▲ -0.19 (-4.74%)

Stock	Volume
Agritech Limited / Jul 2 Agritech Limited(AGL)	9,614,500 ▼ 0.00
Yousuf Weaving / Jul 2 Yousaf Weaving Mills Limited(YOUW)	5,016,500 ▼ 0.00
Kohinoor Spining / Jul 2 Kohinoor Spinning Mills Limited(KOSM)	4,705,000 ▼ 0.00
G3 Technologies / Jul 2 G3 Technologies Limited(GTECH)	4,358,000 ▼ 0.00
Azgard Nine / Jul 2 Azgard Nine Limited(ANL)	4,332,500 ▼ 0.00
TPL Properties / Jul 2 TPL Properties Limited(TPLP)	3,891,837 ▼ 0.00
Sui North Gas / Jul 2 Sui Northern Gas Pipelines Limited(SNGP)	2,448,092 ▼ 0.00
WorldCall Telecom / Jul 2 Worldcall Telecom Limited(WTL)	2,072,000 ▼ 0.00
Pak Int.Bulk / Jul 2 Pakistan International Bulk Terminal(PIBTL)	2,010,000 ▼ 0.00
Pak Refinery / Jul 2 Pakistan Refinery Limited(PRL)	1,717,062 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 30	204.90
USD PKR Interbank Buying / Jun 30	204.70
USD to Japanese Yen / Jul 1	135.21
USD to Swiss Franc / Jul 1	0.96
Pound Sterling to USD / Jul 1	1.21
Euro to USD / Jul 1	1.04
UK LIBOR % / Jul 1	1.58

Stock	Volume
S&P 500 / Jul 1	3825.33
India Sensex / Jul 1	52907.93
Tokyo Nikkei / Jul 1	26935.62
Nasdaq / Jul 1	11127.84
Hang Seng / Jul 1	21859.79
FTSE 100 / Jul 1	7168.65
Dow Jones / Jul 1	31097.26
Germany DAX 30 / Jul 1	12813.03
France CAC40 / Jul 1	5931.06

Item	Value
Crude Oil USD/Barrel / Jul 1	108.43
Karachi Cotton PKR/37.32 KG / Jul 1	17380.00
Gold 10 Grams PKR / Jul 1	119100.00
Gold Spot USD/Ounce / Jul 1	1811.43
Cotton US¢/pound / Jul 1	97.48

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