News stories for Zaheer Abbasi

Zaheer Abbasi

Pakistan

Resolution of railways route: Senate body decides to convene meeting of all stakeholders

Senate Standing Committee on Government Assurances has decided to convene a meeting of all relevant stakeholders on resolution of railways route from Sibbi to Harnai to Shahrang to Khost section, and has directed Railways Minister Sheikh Rashid Ahmed to e

Published 12 Feb, 2020 12:00am

ECC imposes ban on sugar export

The Economic Coordination Committee of the Cabinet (ECC) has imposed a ban on export of sugar and has directed the provinces to control prices of sugar as it is a provincial subject. The ECC meeting chaired by Adviser to the Prime Minister on Finance Abdu

Published 11 Feb, 2020 12:00am

Flour crisis, rising commodity prices: Absence of magistracy system cited as major factor

Absence of a magistracy system and the failure of the Finance Ministry to engage with the provinces through convening Price Monitoring Committee (PMC) meetings regularly are being cited as major factors for the flour crisis and increase in price of essent

Published 11 Feb, 2020 12:00am

Ministries, divisions asked to surrender anticipated savings

The Finance Division has directed all ministries and divisions as well as their attached departments (including programmes/projects/schemes) and subordinate offices and autonomous organisations to surrender the anticipated savings to the Finance Division

Published 09 Feb, 2020 12:00am

Development of IT sector: PM for formulating comprehensive roadmap

Prime Minister Imran Khan on Friday directed to prepare a roadmap within one week to establish special technology zones, issuance of 5 G-spectrum as well connecting big towers with fiber in big cities for promotion of information technology in the country

Published 08 Feb, 2020 12:00am

Textile sector: Government clears Rs 16.48 billion sales tax refund up to January 15

The government has maintained that it cleared Rs 16.480 billion sales tax refund of textile sector up to January 15, 2020 under faster refund system out of total claimed amount of Rs 24.281 billion.

Published 08 Feb, 2020 12:00am

Uniform power tariff: Hafeez mulls over various proposals

Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh has deliberated on different proposals as to how monthly, quarterly and yearly adjustments should be treated to give a uniform tariff to consumers for a period of 12 to 18 months with the obj

Published 07 Feb, 2020 12:00am

Markets

NA body asks SECP to consult on NBR with policy board, brokers

Finance Standing Committee of National Assembly on Thursday asked the Securities Exchange Commission of Pakistan (SECP) to consult on its new brokers' regime with its Policy Board, brokers and other stakeholders including public within two weeks and repor

Published 07 Feb, 2020 12:00am

Power bills: NA panel for suspending recovery of arrears

As the Power Division was unable to satisfy the committee on issuance of notification to impose surcharges, taxes and positive fuel adjustment on export-oriented sectors without approval of the Economic Coordination Committee (ECC) of the Cabinet, the Fin

Published 05 Feb, 2020 12:00am

ECC once again defers increase in gas prices

The Economic Coordination Committee (ECC) of the Cabinet has once again deferred increase in gas prices from February 1, 2020 and wants commitment from the fertilizer industry that it would not increase urea prices.

Published 05 Feb, 2020 12:00am

Increase in gas prices: ECC to consider proposal today

The Economic Coordination Committee (ECC) of the Cabinet would consider today (Tuesday) a proposal of Ministry of Petroleum for increase in gas prices from February 1, 2020.

Published 04 Feb, 2020 12:00am

IMF team briefed about recent developments

The International Monetary Fund (IMF) mission held a meeting with the advisor on finance Dr Hafeez Sheikh, Governor State Bank of Pakistan (SBP) Dr Reza Baqir and high-ups of Federal Board of Revenue (FBR) and later on a plenary meeting with the governmen

Published 04 Feb, 2020 12:00am

IMF talks for third tranche begin today

The International Monetary Fund (IMF) would start today (Monday) discussions with Pakistan authorities over its second quarterly review of the US $6 billion Extended Fund Facility (EFF) amid revenue shortfall and power sector reforms challenge.

Published 03 Feb, 2020 12:00am

'Kafaalat' for 7 million poor women launched by PM

Prime Minister Imran Khan Friday launched Ehsaas Kafaalat Programme for 7 million poor women and stated that it is a step towards turning the country into a welfare state.

Published 01 Feb, 2020 12:00am

Debt, liabilities soar to Rs 41.49 trillion

Pakistan's total debt and liabilities have stood at Rs 41,489 billion on September 2019, reflecting an increase of Rs 11,610 billion over fiscal year 2018, according to Finance Ministry. Debt policy statement for fiscal year 2019-20 uploaded by the Financ

Published 01 Feb, 2020 12:00am

Pakistan

PM to launch programme today: Kifalat cash disbursement to be raised to Rs 168 billion

The government has decided to increase cash disbursement to Rs 168 billion from Rs 120 billion under the new Ehsaas Kifalat program being unveiled on Friday (Jan 31) by Prime Minister Imran Khan with Ehsaas Kifalat card carrying the picture of Pakistan's

Published 31 Jan, 2020 12:00am

Pakistan

PM forms bodies to have liaison with allied parties

Prime Minister Imran Khan has formed three committees to maintain liaison with allied parties to reduce the communication gap between allies and government after problems appeared brewing within the ruling coalition.

Published 31 Jan, 2020 12:00am

Proposal on gas prices deferred again

A meeting of the Economic Coordination Committee (ECC) of the Cabinet has once again deferred the proposal of Ministry of Petroleum for increase in gas prices, apparently owing to further increase in inflation as well as gas and electricity charges due to

Published 30 Jan, 2020 12:00am

Pakistan

PM to launch Kifaalat programme on Friday: Dr Sania

Dr Sania Nishtar, Special Assistant to Prime Minister on Poverty Alleviation and Chairperson Benazir Income Support Programme (BISP), said on Wednesday that Kifaalat Programme is being launched from tomorrow (Friday) by Prime Minister Imran Khan with Rs 2

Published 30 Jan, 2020 12:00am

Power sector woes: Circular debt, capacity payment identified as major issues

The National Assembly Standing Committee on Power Division has termed over Rs1.6 trillion circular debt and rapidly increasing capacity payment charges as major issues of power sector, which are having profound impact on the sector and consumers.

Published 29 Jan, 2020 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
Dow Jones / Apr 18	37775.38
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35
Hang Seng / Apr 19	16205.02
FTSE 100 / Apr 19	7834.89
Germany DAX 30 / Apr 19	17717.67

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Cotton US¢/pound / Apr 19	80.67
Petrol/Litre / Apr 20	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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