News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

POL products: Ogra recommends up to 56.8 percent price reduction

The Oil and Gas Regulatory Authority (Ogra) has recommended up to 56.8 percent reduction in the prices of petroleum products for May as a result of falling global crude oil prices and suppressed demand due to the COVID-19.

Published 30 Apr, 2020 12:07am

PSM revival: FAs submit first draft of due diligence report

The transaction committee of Pakistan Steel Mills (PSM) has received first draft of due diligence report from the financial advisors (FAs) appointed for its revival.

Published 28 Apr, 2020 11:42pm

Government mulling doing away with deemed duty on HSD sales

Federal government is considering doing away with deemed duty on high speed diesel (HSD) sales as oil refineries have stalled upgradation of their production processes and plants to produce better grade petroleum products, sources said.

Published 28 Apr, 2020 12:54am

CNG sector on the brink of bankruptcy due to lockdown

The CNG sector has reached to the brink of bankruptcy as consumption has been reduced by almost 60 percent following lockdown.

Published 23 Apr, 2020 02:53am

Business & Finance

ECC shelves installation of all LPG mix supply plants

The Economic Coordination committee (ECC) of the Cabinet has shelved the execution of the already ECC approved new liquefied petroleum gas (LPG) Air Mix supply Projects by the Sui companies.

Published 11 Apr, 2020 12:00am

RLNG plants' sell-off: Pre-qualified bidders assured of timeline extension

The Privatisation Commission has assured the pre-qualified bidders for the privatisation of two RLNG power plants (Haveli Bahadursha and Balloki) to extend the timelines for the transaction in the wake of coronavirus pandemic.

Published 05 Apr, 2020 12:00am

Pakistan

Framework for SEZs: BoI initiates consultation process

The Board of Investment (BoI) has initiated consultation process for development of a national framework for the Special Economic Zones (SEZs) development, including a policy for private zones, single enterprise zones, conversion of existing industrial es

Published 04 Apr, 2020 12:00am

Pakistan

Farhan Shafi appointed PMDC MD

The federal cabinet has approved the appointment of Farhan Shafi as managing director Pakistan Mineral Development Corporation (Pvt) Limited for a period of three years.

Published 03 Apr, 2020 12:00am

Ogra slashes LPG price by Rs462.78

The Oil and Gas Regulatory Authority (OGRA) has slashed the price of indigenous liquefied petroleum gas (LPG) by Rs462.78 per 11.8kg domestic cylinder for the month of April 2020, due to low consumption and decline in petroleum price globally.

Published 01 Apr, 2020 12:00am

SKMT board member appointed BoI chairman

The federal government has appointed a board member of Shaukat Khanum Memorial Trust (SKMT) as Chairman Board of Investment (BoI). Federal Cabinet through a circular appointed Atif Bokhari as Chairman BoI. Atif Bokhari is part of 12-member honorary board

Published 31 Mar, 2020 12:00am

LNG deal with Qatar: Govt under pressure to declare force majeure

Federal Government is under pressure to declare force majeure in its liquefied natural gas (LNG) deal with Qatar following a sharp decline in gas demand in the wake of lockdown due to coronavirus spread, sources said.

Published 29 Mar, 2020 12:00am

Sell-off plan: 28 government properties delisted

The Privatisation Division has de-listed the sale of 28 government properties in the list of five entities to be privatised in the current financial year 2019-2020.

Published 28 Mar, 2020 12:00am

Gas consumers of 300 units permitted to pay bills in installments

The federal government has permitted gas consumers of 300 units to pay their monthly gas bills into installments to avoid circular debt of gas companies - the Sui Northern Gas Pipeline Limited (SNGPL), and the Sui Sourthern Gas Company (SSGC).

Published 27 Mar, 2020 12:00am

Petrol prices slashed by Rs 15

The federal government has announced to reduce the prices of all petroleum products by Rs 15 per litre for three months, which will have a revenue impact of Rs 70 billion.

Published 25 Mar, 2020 12:00am

Ogra invites consumers, public for hearings on SNGPL's petition

The Oil and Gas Regulatory Authority (Ogra) has invited gas consumers and the general public for public hearings on the Sui Northern Gas Pipeline Limited (SNGPL)'s petition for an increase in its average prescribed price by Rs 133.31 per mmbtu effective J

Published 14 Mar, 2020 12:00am

Cabinet to discuss sell-off plan today

The federal cabinet will discuss proposals (under discussion) on re-organising the federal government and allocation of job quota for the Islamabad Capital Territory (ICT) in a meeting scheduled to be held on Tuesday (today), and on progress being made in

Published 10 Mar, 2020 12:00am

BoI chairman resigns

Board of Investment (BoI) Chairman Zubair Gilani on Monday tendered his resignation to Prime Minister Imran Khan, according to the PM's Office. Sources said it was not confirmed whether or not Prime Minister Imran Khan had accepted his resignation. His re

Published 10 Mar, 2020 12:00am

Weighted average gas price: Federal government to start consultation with Sindh government on March 11

The federal government will start consultation with the Sindh government on March 11, 2020 on weighted average gas price mechanism in line with the decision taken in the Council of Common Interests (CCI).

Published 07 Mar, 2020 12:00am

Financial adviser to be hired to lease Roosevelt Hotel site out: Parliamentary panel told

The Privatisation Commission will hire services of a financial advisor to lease out Roosevelt Hotel site in Manhattan, New York, for setting up a joint venture project, a parliamentary panel was informed on Wednesday.

Updated 05 Mar, 2020 09:16am

POL products' prices reduced

The government on Saturday reduced prices of all petroleum products for March following a significant decline in world oil prices. In its monthly review, the Ministry of Finance has reduced prices by Rs 5 each per litre for MS (petrol) and High Speed Dies

Updated 01 Mar, 2020 04:59am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.59
USD PKR Interbank Buying / Apr 24	278.39
USD to Japanese Yen / Apr 24	155.21
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.25
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
India Sensex / Apr 24	73852.94
Tokyo Nikkei / Apr 24	38460.08
Nasdaq / Apr 24	15712.75
Hang Seng / Apr 24	17201.27
FTSE 100 / Apr 24	8040.38
Dow Jones / Apr 24	38460.92
Germany DAX 30 / Apr 24	18088.70

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	82.83
Gold Spot USD/Ounce / Apr 24	2318.17
Cotton US¢/pound / Apr 24	81.01
Petrol/Litre / Apr 25	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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