News stories for Zahid Baig - Business Recorder

Zahid Baig

No ban on rice exports, clarifies MNFS&R

The ministries of commerce and national food security & research (MNFS&R) have made it clear that there is no ban on exports of rice from Pakistan as the country has sufficient stocks of the commodity.

Published 02 May, 2020 12:08am

REAP urges govt to exempt rice exporters from exports ban

Rice Exporters Association of Pakistan (REAP) reacting to information of a ban on export of all edible items by Pakistan, has urged the Ministry of National Food Security & Research (MNFS&R) not to apply this ban on rice exports.

Published 30 Apr, 2020 12:07am

Two fertilizer plants: Supply of gas lying suspended for last several months

Supply of natural gas to two fertilizer plants on the SNGPL network, Agritech Mianwali and FatimaFert Sheikhupura, has been lying suspended since November 2019.

Published 28 Apr, 2020 11:42pm

Markets

PSC to buy 560,000 bags of wheat seed each weighing 100kg

The Punjab Seed Corporation (PSC) will buy 560,000 bags of wheat seed each weighing 100 kilograms during the current procurement season from its registered growers to prepare certified high-quality wheat seed for the next season.

Published 25 Apr, 2020 09:49pm

Pakistan

Average profitability of 4 cement companies decline by 146 percent

Average profitability, after taxation, of four cement companies has declined by 146 percent as compared to the same period of the year 2019, while in nine months period of the current financial year, the profitability has declined by 109 percent.

Published 25 Apr, 2020 06:43am

Markets

Food department constitutes bodies for smooth wheat movement

The Punjab food department has constituted committees throughout the province at district level which will be led by officials from the Punjab agriculture department to ensure smooth wheat seed movement in the province and resolve the issues being reporte

Published 21 Apr, 2020 03:03am

Punjab government to seal all borders to snub wheat smuggling

The Punjab government has decided to seal all the borders of Punjab province to snub wheat smuggling. It has also decided that no private buyer will be allowed to pick up wheat from the province while there will be regular written purchase agreements with

Published 18 Apr, 2020 12:00am

Pakistan

PPA urges government to defer installments, payment on bank loans for a year

The Pakistan Poultry Association (PPA) submitted a set of recommendations to pull the sector out of decline due to lockdown in the country and urged the government to delay all installments and payment of the mark up on bank loans obtained by its members

Published 10 Apr, 2020 12:00am

APMPEA urges govt to help retrieve stuck payments

The All Pakistan Meat Processors & Exporters Association (APMPEA) has urged the federal government to launch efforts at commercial consulate level abroad to ensure retrieval of payments stuck/defaulted by the importers of Pakistani meat and its products.

Published 09 Apr, 2020 12:00am

Business & Finance

Farmers want cotton support price be fixed at Rs 5000/maund

Farmers representatives have urged the government to announce support price of the cotton crop for the current season at Rs 5000 per maund on priority basis encouraging the farmers to go for this crop.

Published 08 Apr, 2020 12:00am

PPA fears short supply of poultry products

Due to reduced consumption and price crash, broiler farmers have reduced placement of day-old chicks at their farms as a result of which hatcheries had almost stopped setting eggs for chick production.

Published 07 Apr, 2020 12:00am

Markets

Wheat shortage in Punjab: Sindh accused of banning movement of grains

Flour shortage is expected to further aggravate in Punjab as wheat transportation from Sindh is being denied despite having permits from the Sindh food department.

Published 05 Apr, 2020 12:00am

Pakistan

Consumption of domestic cement declines by 16.70 percent in March

As expected Coronavirus had its impact on domestic consumption of cement also that declined by 16.70 per cent in March while the exports grew at 5.27 per cent as the global markets are equally under pressure due to the same reason.

Published 04 Apr, 2020 12:00am

Business & Finance

Cotton sowing season begins in Punjab

The cotton sowing season 2020 kicked off in the province on Wednesday with the provincial agriculture department eyeing to bring over 4.6 million acres of land under cultivation of this most important crop. Cotton is grown mostly in the two provinces of P

Published 02 Apr, 2020 12:00am

Markets

No ban on movement of essential commodities except wheat: Sindh government

Taking notice of rice exporters' complaints, Sindh government has made it clear that there is no ban on the movement of essential food commodities except transportation of wheat which is being regulated by the Sindh Food department.

Published 01 Apr, 2020 12:00am

Markets

Passco launches wheat procurement drive in Hyderabad zone

The Pakistan Agricultural Storage Services Corporation (Passco) on Friday launched its procurement drive in Sindh by initiating distribution of gunny bags among wheat farmers in Hyderabad Zone.

Published 28 Mar, 2020 12:00am

Pakistan

REAP demands inclusion of rice among export-oriented sectors

The Rice Exporters Association of Pakistan (REAP) has appealed to the government for including rice among those export-oriented sectors which are enjoying different incentives and official backing.

Published 25 Mar, 2020 12:00am

MNFS&R asks provinces to exempt outlets/supply chain of agriculture inputs

In the wake of alarming situation of pandemic Covid-19, and lockdown announced by the provincial governments and start of Kharif Season 2020, the Ministry of National Food Security & Research (MNFS&R) has asked all the four provinces to exempt the outlets

Published 24 Mar, 2020 12:00am

Kharif-2020: NSC relaxes cotton seed germination standard

The National Seed Council (NSC) has relaxed the cotton seed germination standard for Kharif 2020 crops only (both for the public and private sector seed companies) from the existing 65-70 percent to 50 per cent.

Published 22 Mar, 2020 12:00am

REAP chief urges government to double term of ERF

Rice Exporters Association of Pakistan (REAP) has urged the government for enhancing the term of export refinance facility (ERF) scheme given to the rice exporters from 180 days to 360 days, enabling them work smoothly and with peace of mind.

Published 20 Mar, 2020 12:00am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Feb 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 4 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 4 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 4 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 4 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 4 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Feb 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 4 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 4 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 4 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 4 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 4 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Volume
Hub Power Co. / Feb 4 The Hub Power Company Limited(HUBC)	7,912,174 ▼ 0.00
Cnergyico PK / Feb 4 Cnergyico PK Limited(CNERGY)	7,490,206 ▼ 0.00
Dewan Motors / Feb 4 Dewan Farooque Motors Limited(DFML)	5,698,000 ▼ 0.00
Gul Ahmed / Feb 4 Gul Ahmed Textile Mills Limited(GATM)	4,995,028 ▼ 0.00
WorldCall Telecom / Feb 4 Worldcall Telecom Limited(WTL)	4,832,816 ▼ 0.00
TRG Pak Ltd / Feb 4 TRG Pakistan Limited(TRG)	4,574,299 ▼ 0.00
Lotte Chemical / Feb 4 Lotte Chemical Pakistan Limited(LOTCHEM)	3,805,565 ▼ 0.00
K-Electric Ltd. / Feb 4 K-Electric Limited(KEL)	3,686,127 ▼ 0.00
Pak Petroleum / Feb 4 Pakistan Petroleum Limited(PPL)	3,499,066 ▼ 0.00
Nishat Chun.Pow. / Feb 4 Nishat Chunian Power Limited(NCPL)	3,492,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 3	277.17
USD PKR Interbank Buying / Feb 3	278.67
USD to Japanese Yen / Feb 3	131.19
USD to Swiss Franc / Feb 3	0.93
Pound Sterling to USD / Feb 3	1.21
Euro to USD / Feb 3	1.08
UK LIBOR % / Feb 3	4.30

Stock	Volume
S&P 500 / Feb 3	4136.48
India Sensex / Feb 3	60841.88
Tokyo Nikkei / Feb 3	27509.46
Nasdaq / Feb 3	12006.96
Hang Seng / Feb 3	21660.47
FTSE 100 / Feb 3	7901.80
Dow Jones / Feb 3	33926.01
Germany DAX 30 / Feb 3	15546.43
France CAC40 / Feb 3	7233.94

Item	Value
Crude Oil USD/Barrel / Feb 3	73.39
Karachi Cotton PKR/37.32 KG / Feb 3	22235
Gold 10 Grams PKR / Feb 3	208500
Gold Spot USD/Ounce / Feb 3	1864.97
Cotton US¢/pound / Feb 3	85.43

Most Popular Articles