News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

NA panel approves amendments to Ord: PC to run business without prior approval from Cabinet Division

A parliamentary panel Thursday approved amendments to the Privatisation Commission Ordinance 2002, which will allow the commission to run its business without prior approval from the Cabinet Division.

Published 21 Feb, 2020 12:00am

No decision made on PIA: PC official

The work relating to restructuring, special audit and strategic business plan in Pakistan International Airline (PIA) is delayed as its chief executive officer (CEO) has been barred from discharging his duties as CEO by a court of law. This was stated dur

Published 20 Feb, 2020 12:00am

PMIC report urges Ogra to clearly define UFG in energy terms

The role of Oil and Gas Regulatory Authority (Ogra) has been far below the conduct expected from an independent and prudent regulator, Prime Minister Inspection Commission (PMIC) report revealed on Monday.

Published 18 Feb, 2020 12:00am

Civil servants will be required to declare assets annually

The Pakistan Tehreek-e-Insaf (PTI) government has decided to make it mandatory for civil servants to declare their assets annually under the new Civil Servants Promotion (Grade-18 to Grade-21) Rules, 2020. According to the documents, the reforms have been

Published 16 Feb, 2020 12:00am

Business & Finance

Senate body opposes proposed weight average price formula

A parliamentary panel on Tuesday opposed the federal government move to introduce a weighted average price formula (RLNG and indigenous gas) for three gas producing provinces, and also recommended a special dispensation energy package for Balochistan.

Published 12 Feb, 2020 12:00am

Gas price notifications: Government to expedite passage of legislation, IMF told

Federal government has begun to expedite the passage of legislation on regular and timely notifications for end consumers' gas tariffs as agreed under the $6 billion International Monetary Fund (IMF) programme.

Published 09 Feb, 2020 12:00am

Ogra's timely action helps avert LPG supply crisis

The Oil and Gas Regulatory Authority (Ogra) has timely averted LPG supply crisis in winter by taking cognizance of letter issued by a Deputy Executive Director (DED) LPG. Sources said that a deliberate attempt was made by lower bureaucracy in Ogra to crea

Published 05 Feb, 2020 12:00am

Petrol prices remain unchanged

The government has decided to maintain the existing prices of petroleum products for the month of February 2020, said Ministry of Finance here on Friday. The government decided that there would be no change in the prices of petroleum products and the pric

Published 01 Feb, 2020 12:00am

Ogra seeks up to 1.9 percent hike in POL products' prices

Owing to increase in crude oil prices in the international market, the Oil and Gas Regulatory Authority (Ogra) has suggested to the government to increase petroleum products' prices up to 1.9 percent for February 2020.

Updated 31 Jan, 2020 06:50am

Six SOEs to be privatized to achieve Rs 150 billion target

The Privatization Division will privatize six state-owned entities (SOEs) including two Re-Gasified Liquefied Natural Gas (RLNG) power plants, while revival of Pakistan Steel Mills (PSM) will be completed by the end of FY20, to achieve the budgeted target

Published 30 Jan, 2020 12:00am

Islamabad region: Ufg of SNGPL reaches 9 percent against 7.6 percent recommended

Unaccountable for Gas (Ufg) of Sui Northern Gas Pipeline Limited (SNGPL) Islamabad region has reached nine percent against the 7.6 percent recommended gas losses by Oil and Gas Regulatory Authority (Ogra). A benchmark is set i.e. 7.6 percent (fixed benchm

Published 29 Jan, 2020 12:00am

RLNG plants, OGDCL transactions: PC shortlists potential buyers, FAs

Privatization Commission (PC) has shortlisted 12 potential buyers for due diligence for sale of two Re-gasified liquefied natural gas (RLNG) fired power plants and financial advisors (FAs) for divestment of shares of Oil and Gas Development Company Limite

Published 29 Jan, 2020 12:00am

Federal cabinet likely to discuss Sindh government-IGP tiff today

The federal cabinet, which is scheduled to meet today (Tuesday) under Prime Minister Imran Khan, will take up 15-point agenda items including amendments to the President's and Prime Minister's Salary, Allowances and Privileges Acts 1975.

Published 28 Jan, 2020 12:00am

Pakistan

Parliamentary panel irked by HEC's lack of coordination

A parliamentary panel on Monday showed utter displeasure over lack of coordination and information sharing of Higher Education Commission (HEC) with Auditor General of Pakistan (AGP), National Accountability Bureau (NAB) and other relevant departments and

Published 28 Jan, 2020 12:00am

129,301 vacant posts: Government may not be able to achieve target

The federal government may not be able to achieve the target of filling 129,301 vacant posts in different ministries, divisions and subordinate organizations within four months as the Parliament is yet to clear a bill pertaining to job quota, sources said

Published 26 Jan, 2020 12:00am

Pakistan

1,198 presidential ordinances issued in last three decades: Parliamentary committee informed

As many as 1,198 presidential ordinances have been issued by the political governments and General Pervez Musharraf (retd) in last three decades, a parliamentary committee was informed on Friday.

Published 18 Jan, 2020 12:00am

Appointment of new PSO MD/CEO may be approved today

The federal cabinet is likely to approve the appointment of new managing director/ chief executive officer (CEO) of Pakistan State Oil (PSO) in its meeting scheduled to be held today (Tuesday).

Published 14 Jan, 2020 12:00am

Oil, gas exploration: International tender floated for auction for 18 new blocks

The Petroleum Division has floated an international tender for the auction of 18 new blocks aimed at expediting oil and gas exploration activities to meet the country's energy needs in an efficient manner, an official of the Petroleum Division said.

Published 12 Jan, 2020 12:00am

Business & Finance

Construction of gas pipeline: Omer complains about Sindh government's lack of cooperation

Minister for Petroleum Omar Ayub Khan has informed the Senate Standing Committee on Petroleum on Monday that the federal government has written letters to the provincial government of Sindh eight times for construction of 125 km gas pipeline to meet gas d

Published 07 Jan, 2020 12:00am

PM's special assistant on petroleum rejects Sindh government's argument on provincial resources

The federal government will take up the weighted average of gas and rights of provinces under Article 158 and 18th constitutional amendment to the Council of Common Interests (CCI).

Published 07 Jan, 2020 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	278.62
USD PKR Interbank Buying / Apr 18	278.32
USD to Japanese Yen / Apr 18	154.30
USD to Swiss Franc / Apr 18	0.91
Pound Sterling to USD / Apr 18	1.25
Euro to USD / Apr 18	1.07

Stock	Volume
S&P 500 / Apr 17	5022.21
Nasdaq / Apr 17	15683.37
Dow Jones / Apr 17	37735.31
India Sensex / Apr 18	72965.85
Tokyo Nikkei / Apr 18	38103.03
Hang Seng / Apr 18	16452.30
FTSE 100 / Apr 18	7883.62
Germany DAX 30 / Apr 18	17795.41

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	21735
Gold 10 Grams PKR / Apr 17	215964
Petrol/Litre / Apr 18	293.94
Crude Oil USD/Barrel / Apr 18	82.77
Gold Spot USD/Ounce / Apr 18	2374.98
Diesel/Litre / Apr 18	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

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Wasim Iqbal

NA panel approves amendments to Ord: PC to run business without prior approval from Cabinet Division

No decision made on PIA: PC official

PMIC report urges Ogra to clearly define UFG in energy terms

Civil servants will be required to declare assets annually

Senate body opposes proposed weight average price formula

Gas price notifications: Government to expedite passage of legislation, IMF told

Ogra's timely action helps avert LPG supply crisis

Petrol prices remain unchanged

Ogra seeks up to 1.9 percent hike in POL products' prices

Six SOEs to be privatized to achieve Rs 150 billion target

Islamabad region: Ufg of SNGPL reaches 9 percent against 7.6 percent recommended

RLNG plants, OGDCL transactions: PC shortlists potential buyers, FAs

Federal cabinet likely to discuss Sindh government-IGP tiff today

Parliamentary panel irked by HEC's lack of coordination

129,301 vacant posts: Government may not be able to achieve target

1,198 presidential ordinances issued in last three decades: Parliamentary committee informed

Appointment of new PSO MD/CEO may be approved today

Oil, gas exploration: International tender floated for auction for 18 new blocks

Construction of gas pipeline: Omer complains about Sindh government's lack of cooperation

PM's special assistant on petroleum rejects Sindh government's argument on provincial resources

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