News stories for Zaheer Abbasi - Business Recorder

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May 16, 2022 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Zaheer Abbasi

Getting assistance from friendly countries: There was no IMF precondition: Sanchez

Print

Getting assistance from friendly countries: There was no IMF precondition: Sanchez

The International Monetary Fund (IMF) has not imposed any precondition on Pakistan to get assistance from friendly countries for the Extended Fund Facility (EFF) programme and there may be some misunderstanding about it. This was stated by Resident Repres

Published 21 Jul, 2019 12:00am

Getting assistance from friendly countries: There was no IMF precondition: Sanchez

Print

Getting assistance from friendly countries: There was no IMF precondition: Sanchez

The International Monetary Fund (IMF) has not imposed any precondition on Pakistan to get assistance from friendly countries for the Extended Fund Facility (EFF) programme and there may be some misunderstanding about it. This was stated by Resident Repres

Published 21 Jul, 2019 12:00am

Getting assistance from friendly countries: There was no IMF precondition: Sanchez

Print

Getting assistance from friendly countries: There was no IMF precondition: Sanchez

The International Monetary Fund (IMF) has not imposed any precondition on Pakistan to get assistance from friendly countries for the Extended Fund Facility (EFF) programme and there may be some misunderstanding about it. This was stated by Resident Repres

Published 21 Jul, 2019 12:00am

Various towns of Malakand: government vows to give USF resources for providing PTL services

Print

Various towns of Malakand: government vows to give USF resources for providing PTL services

The government has promised to give resources from Universal Services Fund (USF) for provision of Pakistan Telecom Limited (Ufone) services in various towns of Malakand.

Published 19 Jul, 2019 12:00am

Ban imposed on export of wheat, wheat flour

Print

Ban imposed on export of wheat, wheat flour

The Economic Coordination Committee (ECC) of the Cabinet has imposed a ban on export of wheat and wheat flour following increase in price of bread ''Roti'' and sought suggestions to control increase in Roti and other wheat products'' prices in local marke

Published 18 Jul, 2019 12:00am

Parliamentary panel for legislation to check misuse of technology

Print

Parliamentary panel for legislation to check misuse of technology

A parliamentary panel on Wednesday underlined the need for legislation to make the use of technology secure after some members complained that electronic fraud and misuse of technology have been on the rise in the country.

Published 18 Jul, 2019 12:00am

Parliamentary panel for legislation to check misuse of technology

Print

Parliamentary panel for legislation to check misuse of technology

A parliamentary panel on Wednesday underlined the need for legislation to make the use of technology secure after some members complained that electronic fraud and misuse of technology have been on the rise in the country.

Published 18 Jul, 2019 12:00am

Ban imposed on export of wheat, wheat flour

Print

Ban imposed on export of wheat, wheat flour

The Economic Coordination Committee (ECC) of the Cabinet has imposed a ban on export of wheat and wheat flour following increase in price of bread 'Roti' and sought suggestions to control increase in Roti and other wheat products' prices in local market.

Published 18 Jul, 2019 12:00am

Ban imposed on export of wheat, wheat flour

Print

Ban imposed on export of wheat, wheat flour

The Economic Coordination Committee (ECC) of the Cabinet has imposed a ban on export of wheat and wheat flour following increase in price of bread 'Roti' and sought suggestions to control increase in Roti and other wheat products' prices in local market.

Published 18 Jul, 2019 12:00am

UN launches 'Essential Service Package' for women, girls

Print

UN launches 'Essential Service Package' for women, girls

The United Nations (UN) on Tuesday launched the Essential Service Package (ESP) to ensure that quality social services are provided to women and girls subject to violence in Pakistan, while Australian deputy high commissioner said that violence causes hug

Published 17 Jul, 2019 12:00am

Projects worth Rs 331 billion approved by Ecnec

Markets

Projects worth Rs 331 billion approved by Ecnec

The Exec-utive Committee of the National Economic Council (ECNEC) has approved projects worth over Rs 331 billion and wanted the Ministry of Planning to devise a mechanism to incorporate exchange rate fluctuation in the project cost after it was told that

Published 16 Jul, 2019 12:00am

Projects worth Rs 331 billion approved by Ecnec

Markets

Projects worth Rs 331 billion approved by Ecnec

The Exec-utive Committee of the National Economic Council (ECNEC) has approved projects worth over Rs 331 billion and wanted the Ministry of Planning to devise a mechanism to incorporate exchange rate fluctuation in the project cost after it was told that

Published 16 Jul, 2019 12:00am

Projects worth Rs 331 billion approved by Ecnec

Markets

Projects worth Rs 331 billion approved by Ecnec

The Exec-utive Committee of the National Economic Council (ECNEC) has approved projects worth over Rs 331 billion and wanted the Ministry of Planning to devise a mechanism to incorporate exchange rate fluctuation in the project cost after it was told that

Published 16 Jul, 2019 12:00am

Housing sector: Bank financing being made easier: PM

Print

Housing sector: Bank financing being made easier: PM

Prime Minister Imran Khan on Monday announced that federal cabinet will approve today (Tuesday) an ordinance aimed at making bank financing easier for housing sector as the 'foreclosure law' was struck down by the courts. Speaking at the inaugural ceremon

Published 16 Jul, 2019 12:00am

Housing sector: Bank financing being made easier: PM

Print

Housing sector: Bank financing being made easier: PM

Prime Minister Imran Khan on Monday announced that federal cabinet will approve today (Tuesday) an ordinance aimed at making bank financing easier for housing sector as the 'foreclosure law' was struck down by the courts. Speaking at the inaugural ceremon

Published 16 Jul, 2019 12:00am

Housing sector: Bank financing being made easier: PM

Print

Housing sector: Bank financing being made easier: PM

Prime Minister Imran Khan on Monday announced that federal cabinet will approve today (Tuesday) an ordinance aimed at making bank financing easier for housing sector as the ''foreclosure law'' was struck down by the courts. Speaking at the inaugural cerem

Published 16 Jul, 2019 12:00am

Housing sector: Bank financing being made easier: PM

Print

Housing sector: Bank financing being made easier: PM

Prime Minister Imran Khan on Monday announced that federal cabinet will approve today (Tuesday) an ordinance aimed at making bank financing easier for housing sector as the ''''foreclosure law'''' was struck down by the courts. Speaking at the inaugural c

Published 16 Jul, 2019 12:00am

PML-N terms allegations baseless

Print

PML-N terms allegations baseless

Pakistan Muslim League-Nawaz (PML-N) has termed alleged corruption in the Department International Development (DFID) Fund by former Chief Minister Shahbaz Sharif baseless, saying that news was planted by the Pakistan Tehreek-e-Insaf government. Addressin

Published 15 Jul, 2019 12:00am

PML-N terms allegations baseless

Print

PML-N terms allegations baseless

Pakistan Muslim League-Nawaz (PML-N) has termed alleged corruption in the Department International Development (DFID) Fund by former Chief Minister Shahbaz Sharif baseless, saying that news was planted by the Pakistan Tehreek-e-Insaf government. Addressin

Published 15 Jul, 2019 12:00am

Harmonising laws for investment: PM gives one month to BoI Chairman

Print

Harmonising laws for investment: PM gives one month to BoI Chairman

Prime Minister Imran Khan Friday give one-month time to the chairman Board of Investment (BoI) to complete the process of harmonising laws related to business at federal and provincial levels to facilitate local and foreign investment.

Published 13 Jul, 2019 12:00am

Gainers
Losers
Leaders

Stock	Price
Int. Knit. / May 16 International Knitwear Limited(INKL)	10.00 ▲ 0.75 (8.11%)
Land Mark Spinning / May 16 Landmark Spinning Industries Limited(LMSM)	13.45 ▲ 1.00 (8.03%)
Tandlianwala Sugar / May 16 Tandlianwala Sugar Mills Limited(TSML)	107.50 ▲ 7.50 (7.50%)
Engro Polymer / May 16 Engro Polymer & Chemicals Limited(EPCL)	85.21 ▲ 5.94 (7.49%)
Karam Cera. / May 16 Karam Ceramics Limited(KCL)	51.99 ▲ 3.62 (7.48%)
Sapphire Fib. / May 16 Sapphire Fibres Limited(SFL)	980.00 ▲ 68.00 (7.46%)
Punjab Oil / May 16 Punjab Oil Mills Limited(POML)	159.99 ▲ 10.57 (7.07%)
Khairpur / May 16 Khairpur Sugar Mills Limited(KPUS)	48.69 ▲ 3.19 (7.01%)
Dandot Cement / May 16 Dandot Cement Company Limited(DNCC)	8.25 ▲ 0.50 (6.45%)
Unicap Modaraba / May 16 Unicap Modaraba(UCAPM)	1.96 ▲ 0.11 (5.95%)

Stock	Price
SME Leasing Ltd / May 16 SME Leasing Limited(SLL)	2.20 ▲ -0.54 (-19.71%)
Jubilee Spinning / May 16 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	3.75 ▲ -0.64 (-14.58%)
Hala Enterprise / May 16 Hala Enterprises Limited(HAEL)	7.01 ▲ -0.94 (-11.82%)
Bilal Fibres / May 16 Bilal Fibres Limited(BILF)	2.21 ▲ -0.29 (-11.60%)
Nazir Cotton Mills / May 16 Nazir Cotton Mills Limited(NCML)	5.30 ▲ -0.68 (-11.37%)
Ruby Tex. / May 16 Ruby Textile Mills Limited(RUBY)	3.90 ▲ -0.50 (-11.36%)
Escorts Bank / May 16 Escorts Investment Bank Limited(ESBL)	6.56 ▲ -0.83 (-11.23%)
Pak Gen.Ins. / May 16 The Pakistan General Insurance Co. Ltd.(PKGI)	8.56 ▲ -1.00 (-10.46%)
Telecard Limited / May 16 Telecard Limited(TELE)	10.18 ▲ -1.00 (-8.94%)
G3 Tech. / May 16 G3 Technologies Limited(GTECH)	9.00 ▲ -0.88 (-8.91%)

Stock	Volume
Lotte Chemical / May 16 Lotte Chemical Pakistan Limited(LOTCHEM)	18,143,611 ▼ 0.00
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	18,067,713 ▼ 0.00
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	14,121,480 ▼ 0.00
Telecard Limited / May 16 Telecard Limited(TELE)	12,432,500 ▼ 0.00
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	11,880,500 ▼ 0.00
Habib Bank / May 16 Habib Bank Limited(HBL)	10,705,709 ▼ 0.00
Ghani Glo Hol / May 16 Ghani Global Holdings Limited(GGL)	9,687,133 ▼ 0.00
TRG Pak Ltd / May 16 TRG Pakistan Limited(TRG)	8,429,764 ▼ 0.00
Engro Polymer / May 16 Engro Polymer & Chemicals Limited(EPCL)	8,321,814 ▼ 0.00
TPL Properties / May 16 TPL Properties Limited(TPLP)	8,053,790 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	192.60
USD PKR Interbank Buying / May 13	192.40
USD to Japanese Yen / May 13	129.22
USD to Swiss Franc / May 13	1.00
Pound Sterling to USD / May 13	1.23
Euro to USD / May 13	1.04
UK LIBOR % / May 13	0.83

Stock	Volume
S&P 500 / May 13	4023.89
India Sensex / May 13	52793.62
Tokyo Nikkei / May 13	26427.65
Nasdaq / May 13	11805.00
Hang Seng / May 13	19898.77
FTSE 100 / May 13	7418.15
Dow Jones / May 13	32196.66
Germany DAX 30 / May 13	14027.93
France CAC40 / May 13	6362.68

Item	Value
Crude Oil / May 13	110.49
Karachi Cotton Assoc. / May 13	21180.00
Gold 10 Grams / May 13	113000.00
Gold Spot / May 13	1811.79
Cotton / May 13	145.20

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Pakistani meat processor grabs $2.2mn export orders from Middle East

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Remittances clock in at $3.125bn in April, highest in Pakistan's history

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Withholding tax on profits: SHC bars banks/tax dept from making deductions

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Time is running out

Time is running out

Living beyond means

Living beyond means

After Toyota and Honda, Pak Suzuki hikes car prices by as much as Rs129,000

After Toyota and Honda, Pak Suzuki hikes car prices by as much as Rs129,000

Five-day work week: Business community urges SBP to revisit its decision

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Pakistan, IMF & SBP

Pakistan, IMF & SBP

Withholding tax on profits: SHC bars banks/tax dept from making deductions

Withholding tax on profits: SHC bars banks/tax dept from making deductions

PTI govt procured $52bn loans; $36.05bn was repaid

PTI govt procured $52bn loans; $36.05bn was repaid

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A fiscal quagmire?

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