News stories for Fazal Sher - Business Recorder

Fazal Sher

Pakistan

Reference against Dar: AC adjourns hearing till November 27

A prosecution witness Wednesday told the Accountability Court hearing a corruption reference against former finance minister Muhammad Ishaq Dar that the two of the co-accused have no link with Dar's accounts in the interim reference.

Published 21 Nov, 2019 12:00am

Pakistan

LNG case: Reference against Abbasi, Miftah to be filed within 14 days, AC informed

National Accountability Bureau (NAB) has prepared a corruption reference against former prime minister Shahid Khaqan Abbasi, former finance minister Miftah Ismail and ex-managing director (MD) Pakistan State Oil (PSO) Sheikh Imran-ul-Haque in connection w

Published 20 Nov, 2019 12:00am

Sugarcane production down 3.8 percent

Sugarcane production in the year 2019-20 decreased to 64.77 million tons from 67.17 million tons the year before showing a decrease of 3.8 percent however cotton crop has not picked up as a consequence, well informed sources told Business Recorder.

Published 19 Nov, 2019 12:00am

Ministry grants one-time permission to Nawaz

In compliance with Lahore High Court (LHC) order, Ministry of Interior on Monday granted a one-time permission to former prime minister Nawaz Sharif to travel abroad for medical treatment for four weeks.

Published 19 Nov, 2019 12:00am

Pakistan

Fake bank accounts case: NAB recovers Rs 13 billion from different accused so far

The National Accountability Bureau (NAB) has so far recovered Rs 13 billion from different accused in the multi-billion fake bank accounts case involving former president Asif Ali Zardari, his sister Faryal Talpur and others.

Published 17 Nov, 2019 12:00am

Pakistan

Lok Virsa funds case: No statement of prosecution witness recorded

An Accountability Court hearing a corruption case against Pakistan Peoples Party (PPP) Senator Rubina Khalid and others did not record statement of prosecution witness on Friday due to unavailability of original record.

Published 16 Nov, 2019 12:00am

Pakistan

Tomatoes to be imported from Iran to cut down prices: minister

The skyrocketing price of tomato in the country will decline in the next few days as the government has allowed its import from Iran while new crop from Sindh will also reach the market in the next few weeks, said Federal Minister for National Food Securi

Published 15 Nov, 2019 12:00am

NAB acquiesces to indemnity bond move

The National Accountability Bureau (NAB) has said that the government may take any decision on its discretion with respect to removal of Nawaz Sharif's from exit control list (ECL) but it should evolve a mechanism to ensure that if Sharif is permitted to

Published 15 Nov, 2019 12:00am

Zardari's plea rejected

The Accountability Court hearing multibillion rupees fake bank accounts case against former president Asif Ali Zardari and his sister Faryal Talpur on Tuesday rejected Zardari's plea seeking medical treatment of his choice in Karachi.

Published 13 Nov, 2019 12:00am

Pakistan

Roshan Sindh project scam: another accused ready to become approver

The Accountability Court hearing the multibillion rupees fake bank accounts case was informed on Monday by National Accountability Bureau (NAB) that another accused of Roshan Sindh project scam has expressed his desire to become an approver against other

Published 12 Nov, 2019 12:00am

Pakistan

Illegal allotment of welfare plot case: AC permits NAB to file supplementary reference till November 29

The Accountability Court hearing the multibillion rupees fake bank accounts case again granted time to the National Accountability Bureau (NAB) on Friday for filing a supplementary reference in the illegal allotment of a welfare plot case till November 29

Published 09 Nov, 2019 12:00am

Pakistan

Auction of properties: AC rejects plea of Dar's wife

The Accountability Court hearing a corruption case against former finance minister Ishaq Dar on Thursday rejected Tabassum Ishaq Dar's plea and allowed National Accountability Bureau (NAB) to auction Dar's movable and immovable properties.

Published 08 Nov, 2019 12:00am

Business & Finance

Cotton yield target likely to be revised down

The government is likely to revise down country's cotton production target of 10.2 million bales for the current season 2019-20 owing to increased moisture level in the produce following recent rains which will further deteriorate cotton lint quality.

Published 07 Nov, 2019 12:00am

Pakistan

Azadi March turned sit-in People suffer owing to restricted entry into Red Zone

The restricted entry to Red Zone which houses all ministries, the apex court, parliament, Federal Board of Revenue and the Diplomatic Enclave which houses most of the embassies in the wake of security arrangements for the ongoing Jamiat Ulema-e-Islam-Faza

Published 06 Nov, 2019 12:00am

Pakistan

Dar's extradition: UK government to consider Pakistan's request on case-to-case basis

Following refusal of Interpol to issue red notice to former finance minister Ishaq Dar, the government has begun to explore the possibility of his extradition from the UK as the UK government had previously stated that it would consider Pakistan's request

Published 06 Nov, 2019 12:00am

Pakistan

Illegal appointment: NAB summons OGDCL officials today

National Accountability Bureau (NAB) has summoned managing director (MD) of Oil and Gas Development Company (OGDCL) and its board members in illegal appointment at executive management level in the OGDCL case.

Published 06 Nov, 2019 12:00am

Pakistan

Pink Residency reference: NAB directed to ensure presence of all accused on 20th

An Accountability Court hearing multibillion rupees fake bank accounts case on Monday ordered to ensure presence of all the accused in the Pink Residency reference on the next hearing to be held on November 20.

Published 05 Nov, 2019 12:00am

Pakistan

JUI-F decides to convene APC today

Jamiat Ulema Islam Fazl (JUI-F) has decided to convene an all-party conference today (Monday) of the opposition political parties to chalk out future course of action jointly against the PTI government, as government has plainly rejected the two key deman

Published 04 Nov, 2019 12:00am

Nawaz's name still on ECL

The name of former Prime Minister Nawaz Sharif is still on the exit control list (ECL) to whom Islamabad High Court (IHC) has granted bail for six weeks in Al-Azizia reference on medical grounds.

Published 02 Nov, 2019 12:00am

Karkey RPPs scam: Physical remand of ex-Pepco MD extended till November 4

An accountability court on Wednesday extended physical remand of former managing director of Pakistan Electric Power Company (PEPCO) for another five days in the multibillion rupees Karkey Rental Power (RPPs) scam. The National Accountability Bureau (NAB)

Published 31 Oct, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 19	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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