News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

Business & Finance

PTI government 'versus' bureaucracy: Stay orders remain in full force, effect

Stay orders remain in full force and effect against removal of several heads of key entities by the Khan administration. On June 14, The Islamabad High Court issued a stay order against the federal government's notification removing former federal tax omb

Published 06 Oct, 2019 12:00am

PTI government 'versus' bureaucracy: Stay orders remain in full force, effect

Published 06 Oct, 2019 12:00am

POL prices remain unchanged

The federal government has decided to maintain the prices of petroleum products for the months of October and refused to pass on relief to general public, recommended by Oil and Gas Regulatory Authority (Ogra). In a late night press release, Finance Divis

Published 01 Oct, 2019 12:00am

POL prices remain unchanged

Published 01 Oct, 2019 12:00am

OGRA notifies increase in LPG prices

The Oil and Gas Regulatory Authority (OGRA) has notified an increase in the prices of domestic 11.8kg liquefied petroleum gas (LPG) cylinder by Rs 147.87 and commercial cylinder by Rs 569 for October. In monthly review, the OGRA notified increase in price

Published 01 Oct, 2019 12:00am

Up to 2.5 percent cut in POL products for October likely

Oil and Gas Regulatory Authority (Ogra) on Friday recommended up to 2.5 percent reduction in the prices of petroleum products for October 2019. In a monthly review of the month, Oil and Gas Regulator has recommended slashing motor spirit (MS) price by Rs

Published 28 Sep, 2019 12:00am

Up to 2.5 percent cut in POL products for October likely

Published 28 Sep, 2019 12:00am

Markets

CNG sector allowed to use surplus LNG capacity

The government has allowed compressed natural gas (CNG) sector to utilize LNG surplus capacity to maintain CNG price below petrol price and reduce per day capacity charges to LNG terminals. Universal Gas Distribution Company (UGDC) owned by CNG sector wil

Published 27 Sep, 2019 12:00am

Markets

CNG sector allowed to use surplus LNG capacity

Published 27 Sep, 2019 12:00am

$21 billion investment commitments: Saudi Arabia assures Pakistan of substantial progress

Saudi Arabia has assured Pakistan that it will show substantial progress on $21 billion investment commitments before the next meeting of Pak-Saudi Supreme Coordination Council, sources in Petroleum Division told Business Recorder. The Pak-Saudi Su

Published 25 Sep, 2019 12:00am

$21 billion investment commitments: Saudi Arabia assures Pakistan of substantial progress

Published 25 Sep, 2019 12:00am

AGP's report: PD failed to make 'appropriate' rules under GIDC law

Auditor General of Pakistan held the Petroleum Division responsible for failure to make appropriate rules under the Gas Infrastructure Development Cess (GIDC) Act 2015 which accounts for the non-realization of principal and late payment surcharge on GIDC

Published 21 Sep, 2019 12:00am

AGP's report: PD failed to make 'appropriate' rules under GIDC law

Published 21 Sep, 2019 12:00am

GIDC levy: SC to hear 107 petitions from today

A three-member special bench of the Supreme Court (SC) will start hearing 107 pending petitions regarding Gas Infrastructure Development Cess (GIDC) levy, from today. Attorney General for Pakistan Anwar Mansoor Khan on behalf of the federal government on

Published 19 Sep, 2019 12:00am

GIDC levy: SC to hear 107 petitions from today

Published 19 Sep, 2019 12:00am

TAPI gas line home section: Construction to begin by end of January 2020

Construction activities on the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline will start by the end of January 2020 on Pakistan section. Sources said that the proposed date for inauguration of TAPI gas pipeline for Pakistan section w

Published 15 Sep, 2019 12:00am

TAPI gas line home section: Construction to begin by end of January 2020

Published 15 Sep, 2019 12:00am

Business & Finance

Financial issues hurdle in land acquisition process for CPEC’s Western Route

Yarak to Sagu Package of CPEC-Western Route is routed through 14-Mouzaz with an approximate length of 50 Kms.

Published 13 Sep, 2019 02:04pm

Controversial GIDC ordinance withdrawn

The federal government on Wednesday decided to withdraw the Gas Infrastructure Development Cess (Amendment) Ordinance 2019, which was promulgated by President Arif Alvi. A statement issued by the Prime Minister's Office stated that "in view of the recent

Published 05 Sep, 2019 12:00am

Controversial GIDC ordinance withdrawn

Published 05 Sep, 2019 12:00am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 6 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 6 Al-Abbas Sugar Mills Limited(AABS)	285.48 ▼ 0.00 (0.00%)
Agro Allianz / Jul 6 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 6 Allied Bank Limited(ABL)	68.07 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 6 Abbott Laboratories (Pakistan) Limited(ABOT)	660.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 6 Alfalah Consumer Index ETF.(ACIETF)	7.77 ▼ 0.00 (0.00%)
Attock Cement / Jul 6 Attock Cement Pakistan Limited(ACPL)	67.50 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 6 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 6 Al-Abbas Sugar Mills Limited(AABS)	285.48 ▼ 0.00 (0.00%)
Agro Allianz / Jul 6 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 6 Allied Bank Limited(ABL)	68.07 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 6 Abbott Laboratories (Pakistan) Limited(ABOT)	660.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 6 Alfalah Consumer Index ETF.(ACIETF)	7.77 ▼ 0.00 (0.00%)
Attock Cement / Jul 6 Attock Cement Pakistan Limited(ACPL)	67.50 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 5	206.90
USD PKR Interbank Buying / Jul 5	206.70
USD to Japanese Yen / Jul 5	135.24
USD to Swiss Franc / Jul 5	0.97
Pound Sterling to USD / Jul 5	1.20
Euro to USD / Jul 5	1.03
UK LIBOR % / Jul 5	1.57

Stock	Volume
S&P 500 / Jul 5	3831.39
India Sensex / Jul 5	53134.35
Tokyo Nikkei / Jul 5	26077.04
Nasdaq / Jul 5	11322.24
Hang Seng / Jul 5	21621.01
FTSE 100 / Jul 5	7025.47
Dow Jones / Jul 5	30967.82
Germany DAX 30 / Jul 5	12401.20
France CAC40 / Jul 5	5794.96

Item	Value
Crude Oil USD/Barrel / Jul 5	100.33
Karachi Cotton PKR/37.32 KG / Jul 5	16680.00
Gold 10 Grams PKR / Jul 5	118800.00
Gold Spot USD/Ounce / Jul 5	1770.30
Cotton US¢/pound / Jul 5	93.42

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