News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

LHC suspends Ogra notification of banning CNG in PSVs

The federal government has asked the Oil and Gas Regulatory Authority (OGRA) to revisit its decision of banning CNG/LPG/LNG in public service vehicles (PSVs) and suspend the decision for at least 90 days.

Published 08 Aug, 2019 12:00am

New gas connection applications stand at 2.5 million: government urged to provide RLNG to domestic consumers

A parliamentary panel has recommended the government to provide expensive re-gasified liquefied natural gas (RLNG) to domestic consumers as number of pending applications for new gas connections in Punjab and Khyber Pakhtunkhwa has reached 2.5 million. Th

Published 02 Aug, 2019 12:00am

Up to 10 percent hike announced in POL products' prices

Federal government Wednesday night announced up to 10 percent increase in petroleum products' prices for August following the recommendation of the Oil and Gas Regulatory Authority (Ogra). The government has approved an increase of Rs5.15 per litre in Mot

Published 01 Aug, 2019 12:00am

Up to 10 percent hike announced in POL products' prices

Published 01 Aug, 2019 12:00am

Up to 10 percent hike announced in POL products'' prices

Federal government Wednesday night announced up to 10 percent increase in petroleum products'' prices for August following the recommendation of the Oil and Gas Regulatory Authority (Ogra). The government has approved an increase of Rs5.15 per litre in Mo

Published 01 Aug, 2019 12:00am

Markets

Higher degree courses: EU delegation sends off 100 students to European institutions

The delegation of the European Union to Pakistan organised on Tuesday an event to send off the 100 member students, the largest ever group of Pakistani students who are recipients of scholarship funded by the Erasmus programme, to European institutions fo

Published 31 Jul, 2019 12:00am

Markets

Senate body meets: Fluctuation in procuring LNG prices questioned

A parliamentary panel was informed on Monday that fluctuation in prices of liquefied natural gas (LNG) during spot purchase is much higher than LNG purchase under long-term commercial agreements. Senate Standing Committee on Petroleum met under Senator Mo

Published 30 Jul, 2019 12:00am

Pakistan seeks convening of TIFA meeting

Pakistan will seek engagement with the United States in the economic and trade arena, while emphasizing the need for early convening of the next round of Trade and Investment Framework Agreement (TIFA) meeting during the ongoing visit of Prime Minister Im

Published 23 Jul, 2019 12:00am

BoI couldn't operationalise even a single SEZ in 1 year

The Board of Investment (BoI) has been unable to operationalise a single Special Economic Zone (SEZ) during one year of Pakistan Tehreek-e-Insaf (PTI) government. The BoI has not proposed any timeline for completion/operationalisation of the proposed nine

Published 22 Jul, 2019 12:00am

BoI couldn't operationalise even a single SEZ in 1 year

Published 22 Jul, 2019 12:00am

BoI couldn''t operationalise even a single SEZ in 1 year

Published 22 Jul, 2019 12:00am

Markets

Autonomous CPEC Authority to be set up: Khusro

The government will set up an autonomous China-Pakistan Economic Corridor Authority for fast track execution of development projects in various sectors of economy. This was announced by Minister for Planning and Development Khusro Bakhtiar while addressin

Published 14 Jul, 2019 12:00am

Markets

Autonomous CPEC Authority to be set up: Khusro

Published 14 Jul, 2019 12:00am

Markets

Autonomous CPEC Authority to be set up: Khusro

Published 14 Jul, 2019 12:00am

PIA, PSM audit accounts: Government to invite EoI from international auditors

The government will invite expression of interest (EoI) from well known international auditors to undertake a complete audit of Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM) accounts within five months. The staff level report of Int

Published 10 Jul, 2019 12:00am

PIA, PSM audit accounts: Government to invite EoI from international auditors

Published 10 Jul, 2019 12:00am

PIA, PSM audit accounts: Government to invite EoI from international auditors

Published 10 Jul, 2019 12:00am

IMF to provide technical assistance in drafting SOEs Law

The International Monetary Fund (IMF) will provide technical assistance to the government in drafting State Owned Enterprises (SOEs) Law by end-December 2019, according to recently released Staff Report of the IMF. The draft of SOEs Law will then be submi

Published 09 Jul, 2019 12:00am

SEZ under CPEC may be inaugurated by month-end

The inaugural session of Rashakai Special Economic Zone, under the China-Pakistan Economic Corridor (CPEC) is expected to be held by the end of July, sources in the Board of Investment (BoI) said. An investment worth $138 million is expected from China in

Published 07 Jul, 2019 12:00am

SEZ under CPEC may be inaugurated by month-end

Published 07 Jul, 2019 12:00am

Gainers
Losers
Leaders

Stock	Price
Tri-Star Power / Jul 7 Tri-Star Power Limited(TSPL)	4.70 ▲ 1.00 (27.03%)
F.Credit & Inv / Jul 7 First Credit and Investment Bank Limited(FCIBL)	5.51 ▲ 1.00 (22.17%)
SME Leasing Ltd / Jul 7 SME Leasing Limited(SLL)	2.18 ▲ 0.33 (17.84%)
Kohinoor Power / Jul 7 Kohinoor Power Company Limited(KOHP)	4.36 ▲ 0.59 (15.65%)
S.G.Power / Jul 7 S.G. Power Limited(SGPL)	5.30 ▲ 0.67 (14.47%)
Dewan Sugar / Jul 7 Dewan Sugar Mills Limited(DWSM)	2.49 ▲ 0.24 (10.67%)
Unicap Modaraba / Jul 7 Unicap Modaraba(UCAPM)	1.75 ▲ 0.16 (10.06%)
Land Mark Spinning / Jul 7 Landmark Spinning Industries Limited(LMSM)	13.00 ▲ 1.00 (8.33%)
Balochistan Glass / Jul 7 Balochistan Glass Limited(BGL)	9.05 ▲ 0.66 (7.87%)
Mod.Al-Mali / Jul 7 Modaraba Al-Mali(MODAM)	6.90 ▲ 0.50 (7.81%)

Stock	Price
First Fidelity Leas. / Jul 7 First Fidelity Leasing Modaraba(FFLM)	2.51 ▲ -0.86 (-25.52%)
Tri-Star Mutual / Jul 7 Tri-Star Mutual Fund Limited(TSMF)	4.85 ▲ -1.00 (-17.09%)
Zephyr Textile / Jul 7 Zephyr Textiles Limited(ZTL)	10.00 ▲ -0.90 (-8.26%)
AKD Hospitality / Jul 7 AKD Hospitality Limited(AKDHL)	163.77 ▲ -13.27 (-7.50%)
K.S.B.Pumps / Jul 7 KSB Pumps Company Limited(KSBP)	130.74 ▲ -10.60 (-7.50%)
Punjab Oil / Jul 7 Punjab Oil Mills Limited(POML)	172.84 ▲ -14.01 (-7.50%)
TPL Insurance / Jul 7 TPL Insurance Limited(TPLI)	30.60 ▲ -2.47 (-7.47%)
Mehmood Tex / Jul 7 Mehmood Textile Mills Limited(MEHT)	840.00 ▲ -60.00 (-6.67%)
Reliance Weaving / Jul 7 Reliance Weaving Mills Limited(REWM)	63.50 ▲ -4.45 (-6.55%)
Bawany Air Products / Jul 7 Bawany Air Products Limited(BAPL)	8.85 ▲ -0.60 (-6.35%)

Stock	Volume
Agritech Limited / Jul 7 Agritech Limited(AGL)	25,038,000 ▼ 0.00
Unity Foods Ltd / Jul 7 Unity Foods Limited(UNITY)	5,378,891 ▼ 0.00
Azgard Nine / Jul 7 Azgard Nine Limited(ANL)	3,598,000 ▼ 0.00
Lotte Chemical / Jul 7 Lotte Chemical Pakistan Limited(LOTCHEM)	3,183,254 ▼ 0.00
Sui North Gas / Jul 7 Sui Northern Gas Pipelines Limited(SNGP)	2,727,149 ▼ 0.00
WorldCall Telecom / Jul 7 Worldcall Telecom Limited(WTL)	2,601,000 ▼ 0.00
Pak Refinery / Jul 7 Pakistan Refinery Limited(PRL)	2,597,652 ▼ 0.00
Fauji Cement / Jul 7 Fauji Cement Company Limited(FCCL)	2,144,000 ▼ 0.00
TPL Properties / Jul 7 TPL Properties Limited(TPLP)	1,949,194 ▼ 0.00
G3 Technologies / Jul 7 G3 Technologies Limited(GTECH)	1,916,500 ▼ 0.00

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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