MARKETS

BR100 19,466 127.5 (0.66%)

BR30 70,412 260.7 (0.37%)

KSE100 176,793 865.7 (0.49%)

KSE30 52,867 251.3 (0.48%)

AGHA 7.79 ▲ 0.04 (0.52%)

BECO 5.20 ▲ 0.01 (0.19%)

BML 58.19 ▼ -0.47 (-0.8%)

BOP 34.16 ▲ 0.47 (1.4%)

CNERGY 10.63 ▲ 0.02 (0.19%)

CSIL 5.43 ▲ 0.13 (2.45%)

FCCL 54.80 ▲ 1.06 (1.97%)

FFL 16.67 ▲ 0.21 (1.28%)

FNEL 1.25 ▲ 0.03 (2.46%)

KEL 7.40 ▲ 0.12 (1.65%)

KOSM 5.83 ▲ 0.19 (3.37%)

LOTCHEM 29.66 ▲ 0.01 (0.03%)

MLCF 95.32 ▼ -1.04 (-1.08%)

NBP 203.90 ▲ 0.37 (0.18%)

NCPL 57.72 ▲ 0.87 (1.53%)

NPL 69.01 ▲ 1.70 (2.53%)

OGDC 317.00 ▼ -1.22 (-0.38%)

PACE 10.71 ▲ 0.08 (0.75%)

PAEL 42.82 ▲ 1.05 (2.51%)

PIBTL 16.80 ▼ -0.01 (-0.06%)

PPL 220.01 ▼ -0.16 (-0.07%)

PRL 50.52 ▲ 1.47 (3%)

PTC 70.67 ▲ 0.66 (0.94%)

SSGC 28.43 ▼ -0.71 (-2.44%)

TBL 9.87 ▲ 0.10 (1.02%)

TELE 8.85 ▲ 0.03 (0.34%)

TPL 18.40 ▲ 1.23 (7.16%)

TPLP 12.96 ▲ 0.45 (3.6%)

TREET 22.65 ▲ 0.06 (0.27%)

TRG 60.00 ▼ -0.22 (-0.37%)

اردو

Jul 21, 2026 اردو

Print Edition BR Markets Dollar to PKR

Intl Oil Prices Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices

Business & Finance Print edition: 2024-05-24

MoI&P suspends Engineering Development Board’s CEO

Published May 24, 2024 Updated May 24, 2024 10:14am

Save

1 min

Comments

By Recorder Report

Add BRecorder as a trusted
source on Google

ISLAMABAD: The Ministry of Industries and Production (MoI&P) has suspended Engineering Development Board (EDB) Chief Executive Officer (CEO) Raza Abbas Shah with immediate effect without citing any reason.

According to sources, the government was annoyed with the controversial policies of the EDB CEO with the industrial sector, especially new entrants under Auto Development Policy 2016-21 which created competition in the market.

According to the sources, signed contacts between the new entrants and the government were not honoured.

EV bikes, fans, LED lights: Chinese investors waiting for policies before initiating projects: EDB chief

He also hired six advisors on a package of Rs06 million per month.

A contract was also awarded with an IT firm for digitisation but the project was delayed inordinately.

Comments

Comments are closed for this article.

Browse all stories

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 20	278.15
USD PKR Interbank Buying / Jul 20	277.95
USD to Japanese Yen / Jul 21	162.52
USD to Swiss Franc / Jul 21	0.81
Pound Sterling to USD / Jul 21	1.34
Euro to USD / Jul 21	1.14
SOFR % / Jul 20	3.62

Stock	Volume
S&P 500 / Jul 20	7,443.28
Nasdaq / Jul 20	25,508.07
Dow Jones / Jul 20	51,839.26
India Sensex / Jul 21	77,478.67
Tokyo Nikkei / Jul 21	65,077.32
Hang Seng / Jul 21	25,036.86
FTSE 100 / Jul 21	10,506.59
Germany DAX 30 / Jul 21	24,879.67
France CAC40 / Jul 21	8,348.97

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 20	18,880
Gold 10 Grams PKR / Jul 20	363,971
Petrol/Litre / Jul 21	316.15
Crude Oil USD/Barrel / Jul 21	82.50
Gold Spot USD/Ounce / Jul 21	4,050.88
Diesel/Litre / Jul 21	354.35
Cotton US¢/pound / Jul 21	79.38

Gainers
Losers
Leaders

Stock	Price
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	2.51 ▲ 0.36 (16.74%)
Azgard Nine (Non-Voti) / Jul 21 Azgard Nine (Non-Voti)(ANLNV)	9.30 ▲ 0.98 (11.78%)
Invest Capital Invest Bank / Jul 21 Invest Capital Investment Bank Limited(ICIBL)	21.75 ▲ 1.98 (10.02%)
Crescent Cotton / Jul 21 Crescent Cotton Mills Limited(CCM)	64.96 ▲ 5.91 (10.01%)
First IBL Mod. / Jul 21 First IBL Modaraba(FIBLM)	15.27 ▲ 1.39 (10.01%)
Gammon Pak / Jul 21 Gammon Pakistan Limited(GAMON)	21.98 ▲ 2 (10.01%)
Ahmad Hassan / Jul 21 Ahmad Hassan Textile Mills Limited(AHTM)	110.23 ▲ 10.02 (10%)
Asia Ins. / Jul 21 Asia Insurance Company Limited(ASIC)	41.69 ▲ 3.79 (10%)
Dewan Farooque Sp. / Jul 21 Dewan Farooque Spinning Mills Limited(DFSM)	18.15 ▲ 1.65 (10%)
Husein Industries / Jul 21 Husein Industries Limited(HUSI)	60.50 ▲ 5.5 (10%)

Stock	Price
Khairpur Sug. / Jul 21 Khairpur Sugar Mills Limited(KPUS)	1,515.89 ▼ -168.43 (-10%)
Service Textile / Jul 21 Service Industries Textiles Limited(SERT)	50.44 ▼ -5.6 (-9.99%)
Dadex Eternit / Jul 21 Dadex Eternit Limited(DADX)	88 ▼ -7.7 (-8.05%)
Baba Farid Sugar / Jul 21 Baba Farid Sugar Mills Limited(BAFS)	430 ▼ -30.42 (-6.61%)
Imperial Limited / Jul 21 Imperial Limited(IML)	22.53 ▼ -1.48 (-6.16%)
Paramount Spinning / Jul 21 Paramount Spinning Mills Limited(PASM)	9.48 ▼ -0.58 (-5.77%)
United Insurance / Jul 21 The United Insurance Company(UNIC)	13.30 ▼ -0.79 (-5.61%)
Premier Sugar / Jul 21 The Premier Sugar Mills(PMRS)	501.01 ▼ -28.81 (-5.44%)
Popular Islamic / Jul 21 Popular Islamic Modaraba(PIM)	23.81 ▼ -1.3 (-5.18%)
Jubilee Spinning / Jul 21 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	51.01 ▼ -2.78 (-5.17%)

Stock	Volume
Cnergyico PK / Jul 21 Cnergyico PK Limited(CNERGY)	109,060,761 ▲ 0.01
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	79,103,008 ▲ 0.36
TPL Properties / Jul 21 TPL Properties Limited(TPLP)	49,670,201 ▲ 0.51
Pak Refinery / Jul 21 Pakistan Refinery Limited(PRL)	27,523,969 ▲ 1.95
F. Nat.Equities / Jul 21 First National Equities Limited(FNEL)	19,789,100 ▲ 0.03
TPL Corp Ltd / Jul 21 TPL Corp Limited(TPL)	17,738,217 ▲ 1.23
WorldCall Telecom / Jul 21 Worldcall Telecom Limited(WTL)	16,921,506 ▲ 0.03
B.O.Punjab / Jul 21 The Bank of Punjab(BOP)	16,124,671 ▲ 0.49
K-Electric Ltd. / Jul 21 K-Electric Limited(KEL)	11,108,702 ▲ 0.15
Unity Foods Ltd / Jul 21 Unity Foods Limited(UNITY)	10,141,542 ▲ 0.6