News stories for Zaheer Abbasi

Zaheer Abbasi

'Clean and Green Pakistan': PM pledges yearly increase in allocation for initiative

Prime Minister Imran Khan Monday launched 'Clean and Green Pakistan' initiative across the country and pledged yearly increase in budgetary allocation for this purpose, saying that the people have started gradually paying taxes and the government's revenu

Published 26 Nov, 2019 12:00am

Pakistan

Infrastructure development a must for social, economic uplift: Shamshad

Former caretaker finance minister Dr Shamshad Akhtar has said that infrastructure development is fundamental requirement for social development and economic growth.

Published 26 Nov, 2019 12:00am

PM identifies major economic challenges

While acknowledging unemployment and inflation as major challenges, Prime Minister Imran Khan has sought a comprehensive and effective strategy in coordination with the provincial governments to lessen their impacts.

Published 25 Nov, 2019 12:00am

Finance Division seeks to strengthen CCP

Finance Division has decided to strengthen Competition Commission of Pakistan (CCP) so that the latter could play a proactive role in preventing the formation of cartels, which results in excessive profiteering and stoking inflation.

Published 24 Nov, 2019 12:00am

Officials of Moody's, Fitch make visit

Moody's and Fitch officials recently visited Islamabad and held detailed discussions with the Ministry of Finance officials for 2019-20 sovereign rating as rating exercise is going on.

Published 23 Nov, 2019 12:00am

Civil government expenditure reduced by Rs 9 billion in Q1: Finance Div

Finance Division has claimed that civil government expenditure has been reduced by Rs 9 billion in the first quarter of the current fiscal year (2019-20) as compared to the same period of the last fiscal year (2018-19).

Published 23 Nov, 2019 12:00am

Hafeez for early resolution of govt-Etisalat dispute

Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh has asked the stakeholders to finalize proposals in a couple of weeks for resolving dispute with Etisalat for release of "pending $800 million" of PTCL privatization.

Published 22 Nov, 2019 12:00am

Markets

Government urged to fix wheat support price at Rs 1,400 per 40kg

A sub-committee of the National Assembly Special Committee on Agricultural Products has recommended the government to fix wheat support price at Rs 1,400 per 40kg for 2019 owing to increase in prices of pesticides and other inputs.

Published 21 Nov, 2019 12:00am

Industrialisation now govt's top priority: PM

Prime Minister Imran Khan has stated that continuity of policies is critical for sustainable development and the government is striving to promote industrialisation, wealth creation and tax culture to place the country on the road to sustainable economic

Published 21 Nov, 2019 12:00am

PM for expediting work on development projects

Prime Minister Imran Khan has directed to expedite work on development projects as these would increase economic activities and create employment opportunities for youth.

Published 21 Nov, 2019 12:00am

FATF action plan: Senate body briefed about performance

The government has stated that there has been 220 percent increase in cash seizure and 300 percent increase in terrorist financing (TF) investigations whereas over 170 TF convictions have been made under the Financial Action Task Force (FATF) Action Plan.

Published 20 Nov, 2019 12:00am

IMF rejects request for downward revision of Rs5.5trn FBR target

The International Monetary Fund (IMF) has not accepted Pakistan's request to review downward the Federal Board of Revenue (FBR) tax collection target of Rs 5.5 trillion, which was described as unrealistic and ambitious by many independent economists soon

Published 19 Nov, 2019 12:00am

SME Bank, PIA-Investment Ltd: CCoP asks PC to expedite sell-off process

A meeting of the Cabinet Committee on Privatization (CCoP) on Friday directed Privatization Commission to expedite the privatization process of Small Medium Enterprises (SME) Bank and Pakistan International Airline (PIA)-Investment Limited.

Published 16 Nov, 2019 12:00am

Wind power projects to help reduce dependence on imported fuel: PM

Prime Minister Imran Khan said on Friday that 310MW wind power projects would reduce country's dependence on imported fuel, help deal with the threat of global warming and bring down the cost of electricity in the country.

Published 16 Nov, 2019 12:00am

Hafeez highlights importance of private sector

Adviser to the Prime Minister on Finance, Dr Abdul Hafeez Shaikh has stated that bringing back money from abroad is almost impossible and the only way to do so is to introduce a policy regime in such a way that it becomes attractive to bring back money fr

Published 15 Nov, 2019 12:00am

PM describes India as real problem in region

Prime Minister Imran Khan has said that real problem in the region is India as the country is in the grip of an extremist racist ideology that considers other nations inferior.

Published 15 Nov, 2019 12:00am

ECC increases wheat support price by Rs 50

A meeting of the Economic Coordination Committee (ECC) of the Cabinet has increased minimum support price of wheat by Rs 50 and fixed it at Rs 1,350 per 40kg for the next crop, and sought a presentation from Finance Ministry on Rs 450 billion commodity op

Published 14 Nov, 2019 12:00am

Business & Finance

BMI to boost Customs' anti-smuggling capabilities

Pakistan Customs Border Management Initiative (BMI), approved by Prime Minister Imran Khan, would give a boost to the anti-smuggling capabilities of Pakistan Customs with enhancement of human resources and provision of equipment/ logistics.

Updated 13 Nov, 2019 06:44am

Pakistan

Pakistan Citizen Portal: PM takes strong exception to lukewarm response in addressing complaints

Prime Minister Imran Khan has taken strong exception to lukewarm bureaucratic response in addressing general public complaints lodged at Pakistan Citizen Portal during the last one year and constituted committees with direction to submit performance evalu

Published 12 Nov, 2019 12:00am

Job creation now government's top priority: Hafeez

Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh has not ruled out any further increase in power tariff during the current fiscal year, stating that "electricity tariff would go up if gap between billed amount and collection and line losses inc

Published 12 Nov, 2019 12:00am

Gainers
Losers
Leaders

Stock	Price
Haseeb Waqas / Nov 30 Haseeb Waqas Sugar Mills Limited(HWQS)	10.38 ▲ 1.00 (10.66%)
Dewan Sugar / Nov 30 Dewan Sugar Mills Limited(DWSM)	2.70 ▲ 0.21 (8.43%)
Sec. Inv. Bank / Nov 30 Security Investment Bank Limited(SIBL)	6.50 ▲ 0.46 (7.62%)
Bannu Woollen / Nov 30 Bannu Woollen Mills Limited(BNWM)	30.21 ▲ 2.11 (7.51%)
Chashma / Nov 30 Chashma Sugar Mills Limited(CHAS)	65.58 ▲ 4.58 (7.51%)
Crescent Steel / Nov 30 Crescent Steel & Allied Products Limited(CSAP)	43.53 ▲ 3.04 (7.51%)
IBL HealthCare / Nov 30 IBL HealthCare Limited(IBLHL)	39.95 ▲ 2.79 (7.51%)
Atlas Honda Ltd / Nov 30 Atlas Honda Limited(ATLH)	373.27 ▲ 26.04 (7.50%)
MithchellsFruit / Nov 30 Mitchells Fruit Farms Limited(MFFL)	245.32 ▲ 17.12 (7.50%)
Millat Tractors / Nov 30 Millat Tractors Limited(MTL)	585.71 ▲ 40.86 (7.50%)

Stock	Price
Nazir Cotton Mills / Nov 30 Nazir Cotton Mills Limited(NCML)	3.07 ▼ -0.83 (-21.28%)
Trust Mod. / Nov 30 Trust Modaraba(TRSM)	1.43 ▼ -0.17 (-10.63%)
Dar-es-Salaam / Nov 30 Dar-es-Salaam Textile Mills Limited(DSML)	8.30 ▼ -0.95 (-10.27%)
Trust Sec.& Brok. / Nov 30 Trust Securities & Brokerage Limited(TSBL)	9.06 ▼ -0.94 (-9.40%)
AKD Hospitality / Nov 30 AKD Hospitality Limited(AKDHL)	159.28 ▼ -12.91 (-7.50%)
Blessed Tex. / Nov 30 Blessed Textiles Limited(BTL)	317.28 ▼ -25.72 (-7.50%)
Universal Network (GEM) / Nov 30 Universal Network Systems Limited (GEM)(GEMUNSL)	32.99 ▼ -2.67 (-7.49%)
Metro Steel / Nov 30 Metropolitan Steel Corporation Limited(MSCL)	21.37 ▼ -1.73 (-7.49%)
National Silk / Nov 30 The National Silk & Rayon Mills Limited(NSRM)	28.54 ▼ -2.31 (-7.49%)
Gillette Pak / Nov 30 Gillette Pakistan Limited(GLPL)	177.20 ▼ -13.93 (-7.29%)

Stock	Volume
B.O.Punjab / Nov 30 The Bank of Punjab(BOP)	50,052,966 ▼ -0.18
Cnergyico PK / Nov 30 Cnergyico PK Limited(CNERGY)	35,689,157 ▼ -0.07
Pak Refinery / Nov 30 Pakistan Refinery Limited(PRL)	35,409,231 ▼ -0.09
Fauji Fert Bin / Nov 30 Fauji Fertilizer Bin Qasim Limited(FFBL)	32,626,500 ▲ 1.67
WorldCall Telecom / Nov 30 Worldcall Telecom Limited(WTL)	30,751,189 ▼ -0.01
Fauji Foods Ltd / Nov 30 Fauji Foods Limited(FFL)	29,895,035 ▲ 0.58
Kohinoor Spining / Nov 30 Kohinoor Spinning Mills Limited(KOSM)	23,573,500 ▼ -0.20
The Searle Co. / Nov 30 The Searle Company Limited(SEARL)	21,694,598 ▼ -0.35
Dewan Cement / Nov 30 Dewan Cement Limited(DCL)	21,032,000 ▲ 0.11
Fauji Cement / Nov 30 Fauji Cement Company Limited(FCCL)	15,382,500 ▲ 0.72

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	147.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.27
Euro to USD / Nov 30	1.10
UK LIBOR % / Nov 29	5.46

Stock	Volume
S&P 500 / Nov 29	4550.58
Nasdaq / Nov 29	14258.49
Dow Jones / Nov 29	35430.42
India Sensex / Nov 30	66809.11
Tokyo Nikkei / Nov 30	33486.89
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7437.50
Germany DAX 30 / Nov 30	16203.24
France CAC40 / Nov 30	7279.08

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 29	17735
Gold 10 Grams PKR / Nov 29	185614
Crude Oil USD/Barrel / Nov 30	78.06
Gold Spot USD/Ounce / Nov 30	2044.28
Cotton US¢/pound / Nov 30	79.69

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