News stories for Zahid Baig - Business Recorder

Zahid Baig

PPA-NR chief demands relief package

Pakistan Poultry Association (PPA-Northern Region)chairman Chaudhry Muhammad Fargham has urged the government to curtail increasing input cost to reduce poultry farmer's cost of production and to make poultry products acceptable to consumer's pockets.

Published 01 Mar, 2020 12:00am

Business & Finance

Sarwar for renegotiating accords with IPP, LNG providers

Punjab Governor Chaudhry Muhammad Sarwar admitting the need of taking bold decisions for cutting the cost of doing business has said that the government has to renegotiate with the Independent Power Producers (IPPs) and LNG providers to bring the energy p

Published 29 Feb, 2020 12:00am

Flour crisis: CCP conducts inspection of PFMA's premises

The Competition Commission of Pakistan (CCP) based on discovery of fresh information made available vis-à-vis prima facie collusion in the wheat flour sector carried out a search and inspection of Pakistan Flour Mills Association (PFMA) premises in Lahore

Published 12 Feb, 2020 12:00am

Pakistan

Cement's growth continued to rise in January

Cement sector continued to post growth in the month of January as its total despatches increased to 4.074 million tons, an increase of 11.26 percent from 3.662 million tons during the same month last year.

Published 07 Feb, 2020 12:00am

Governments criticised for failing to deal with locust challenge

Expressing extreme dismay over the failure of the federal and provincial governments to control locust swarm, Farmers Bureau of Pakistan (FBP) has demanded the resignation of Federal Minister for Food Security and Provincial Agriculture Ministers especial

Published 06 Feb, 2020 12:00am

Export shipments: APMPEA terms ANF's checking process 'reckless'

All Pakistan Meat Processors & Exporters Association (APMPEA) Chairman Nasib Ahmad Saifi has drawn the attention of the Trade Development Authority of Pakistan (TDAP) and Ministry of National Food Security & Research (MNFS&R) towards what he claimed 'reck

Published 26 Jan, 2020 12:00am

Business & Finance

Fertiliser sector opposes raise in gas tariff

Rumours of increasing gas tariff for the fertilizer sector may hamper the government efforts to pass on a decrease of Rs400 per bag of urea to the farming community after curtailing Gas Infrastructure Development Cess (GIDC).

Published 24 Jan, 2020 12:00am

Markets

Sale of allocated wheat in open market: Punjab CM for initiating action against flour mills

The Chief Minister Punjab Sardar Usman Buzdar has directed the authorities concerned to initiate indiscriminate action against flour mills involved in the sale of allocated wheat in the open market. He said that no flour mills will be allowed to do so.

Published 17 Jan, 2020 12:00am

FatimaFert & Agritech: Suspension of gas supply may cause urea shortages

Suspension of natural gas supply to FatimaFert and Agritech, since December 2019, may lead to shortage of urea in the country, huge imports by spending precious foreign exchange and subsidy on imported urea.

Published 07 Jan, 2020 12:00am

Passage of Tax Ordinance: Fertiliser industry fears disruption in supply

Fertilizer industry fears disruption in fertilizer supply owing to the recent passage of Tax Ordinance by the federal government which restricts fertilizer companies from claiming input sales tax on retailing of urea to unregistered dealers.

Published 04 Jan, 2020 12:00am

Business & Finance

Domestic cement dispatches grow by 3.54 percent

The cement sector maintained the dispatch pattern of previous six months as the Northern region excelled in domestic dispatches but performed poor in exports. On the other hand, the Southern region over excelled in exports but its performance in the domes

Published 03 Jan, 2020 12:00am

Issues faced by agriculture sector in 2019 highlighted

Agricultural sector during the current calendar year faced some very serious issues including availability of water, higher inputs, erratic rains; longer heat spells etc, which resulted in reducing the productivity of the crops.

Published 02 Jan, 2020 12:00am

REAP seeks meeting with MNFS&R

Rice Exporters Association of Pakistan (REAP) has requested the Ministry of Commerce & Trade to arrange its meeting with the Ministry of the National Food Security and Research (MNFS&R) to seek solutions to the hardships being faced by the rice exporters

Published 21 Dec, 2019 12:00am

REAP plans to send trade teams to S Arabia, Australia

Rice Exporters Association of Pakistan (REAP) is planning to take trade delegations to Saudi Arabia and Australia during the next calendar year in a bid to boost Pakistani rice exports to the two nations.

Published 20 Dec, 2019 12:00am

Pakistan

Punjab government urged to restore Environment Council

The Environment Protection Department (EPD) Punjab has written to the Punjab government for restoration of Environment Council in order to tackle the environmental issues including smog by the province.

Published 10 Dec, 2019 12:00am

Pakistan

CAP welcomes PM's decision to set up CIDB

The Constructors Association of Pakistan (CAP) welcomed Prime Minister Imran Khan's decision of setting up 'Construction and Infrastructure Board (CIDB)' and stressed the need of setting up Construction Development Bank (CDB) and immediate bridge financin

Published 05 Dec, 2019 12:00am

Conference on water productivity in agriculture held

Speakers at a conference on "Water Productivity in Agriculture - the role of Technology and Private Sector" emphasized the importance of leveraging appropriate technology in achieving more crops per drop and to save water per unit of production.

Published 04 Dec, 2019 12:00am

Punjab government increases wheat, sugarcane's support price

The Punjab Government deciding to increase the support price of wheat and sugarcane in the larger interest of farmers, has fixed it at Rs 1365 per maund for wheat while sugarcane's new support price will be Rs 190 per maund.

Published 30 Nov, 2019 12:00am

Need for adopting innovative agriculture tech stressed

Speakers at a workshop on 'Sustainable Agriculture' stressed the need for adoption of innovative latest agricultural technology coupled with implementation of good agricultural practices to tackle the issue of reducing available farmland per person per he

Published 29 Nov, 2019 12:00am

Markets

Agri development can end extreme poverty: World Bank

As per the World Bank, agricultural development is one of the most powerful tools to end extreme poverty, boost shared prosperity and feed a projected 9.7 billion people by 2050. In Pakistan, farm output contributes around 18.5 percent to the country's Gr

Published 22 Nov, 2019 12:00am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 27 786 Investments Limited(786)	4.95 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 27 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▼ 0.00 (0.00%)
Agro Allianz / Mar 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 27 Allied Bank Limited(ABL)	62.50 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 27 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▼ 0.00 (0.00%)
Abson Ind. / Mar 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 27 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Mar 27 Attock Cement Pakistan Limited(ACPL)	56.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 27 786 Investments Limited(786)	4.95 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 27 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▲ 0.00 (0.00%)
Agro Allianz / Mar 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 27 Allied Bank Limited(ABL)	62.50 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 27 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▲ 0.00 (0.00%)
Abson Ind. / Mar 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 27 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▲ 0.00 (0.00%)
Attock Cement / Mar 27 Attock Cement Pakistan Limited(ACPL)	56.07 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	4,011,170 ▲ 0.00
Telecard Limited / Mar 27 Telecard Limited(TELE)	3,877,000 ▲ 0.00
TPL Properties / Mar 27 TPL Properties Limited(TPLP)	1,839,174 ▲ 0.00
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	1,788,500 ▲ 0.00
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	1,517,500 ▲ 0.00
Ghani Glo Hol / Mar 27 Ghani Global Holdings Limited(GGL)	1,464,753 ▲ 0.00
TRG Pak Ltd / Mar 27 TRG Pakistan Limited(TRG)	1,323,297 ▲ 0.00
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	1,307,610 ▲ 0.00
Fauji Foods Ltd / Mar 27 Fauji Foods Limited(FFL)	1,204,138 ▲ 0.00
Hascol Petrol / Mar 27 Hascol Petroleum Limited(HASCOL)	1,161,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.73
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.22
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 24	3970.99
India Sensex / Mar 24	57527.10
Tokyo Nikkei / Mar 24	27385.25
Nasdaq / Mar 24	11823.96
Hang Seng / Mar 24	19915.68
FTSE 100 / Mar 24	7405.45
Dow Jones / Mar 24	32237.53
Germany DAX 30 / Mar 24	14957.23
France CAC40 / Mar 24	7015.10

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.26
Gold Spot USD/Ounce / Mar 24	1978.21
Cotton US¢/pound / Mar 24	76.54

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