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nadeem babar

PARTLY FACETIOUS: Journalists and generalists

“We are a nation of generalists.” “I don’t get you.” “We have a law minister who has a commerce degree,...

Published 30 Nov, 2022 05:53am

Opinion

PARTLY FACETIOUS: Something about the Dark Ages

“We are living in the dark ages.” “Just because you don’t have gas for cooking and heating doesn’t mean...

Published 11 Dec, 2021 04:12am

Opinion

'SAPMs and advisers'

This is apropos a Business Recorder op-ed 'SAPMs & Advisers' carried by the newspaper yesterday. I have a...

Published 27 Sep, 2021 05:51am

Opinion

SAPMs & Advisers

Special Assistant to the Prime Minister (SAPM) on power and petroleum Tabish Gauhar once again resigned from his ...

Published 25 Sep, 2021 04:59am

What was behind CCoE meeting cancellation?

ISLAMABAD: Power Division is said to have started showing cold shoulder to Minister for Planning, Development and...

Published 14 Jul, 2021 02:06am

Tabish Gohar being removed?

ISLAMABAD: The federal capital is abuzz with speculation that Special Assistant to the Prime Minister on Power and...

Updated 09 Jul, 2021 10:40am

CCoE to take stock of power situation today

ISLAMABAD: The country is facing outages of 6-18 hours due to shortfall of about 7500 MW in electricity generation...

Published 01 Jul, 2021 04:09am

Opinion

Out of the frying pan?

Pakistan’s power sector seems to be a victim of déjà vu. Last year, the nation was gripped by a fuel shortage...

Published 27 Jun, 2021 03:56am

Wholesale power market: CPPA-G putting finishing touches to rules

ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) is giving final touches to rules for the...

Published 23 Jun, 2021 04:26am

ECC all set to consider KE-public sector entities AA

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is all set to consider draft Arbitration...

Updated 19 May, 2021 09:43am

Pakistan

Portfolios of some key federal secretaries changed

ISLAMABAD: In a major reshuffle, the federal government Monday changed portfolios of some key federal secretaries....

Published 18 May, 2021 05:05am

Markets

MoE to submit new refinery policy to ECC next week

ISLAMABAD: Ministry of Energy (MoE) is likely to submit new refinery policy to the Economic Coordination Committee...

Published 22 Apr, 2021 03:55am

Illegalities, irregularities by OMCs: Cabinet asks Ogra to redefine punitive measures

ISLAMABAD: The Federal Cabinet has directed Oil and Gas Regulatory Authority (Ogra) to redefine punitive measures ...

Published 10 Apr, 2021 04:34am

Pakistan

PML-N for putting names of Hafeez, Babar on ECL

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) has demanded that the names of recently fired cabinet members ...

Published 31 Mar, 2021 05:42am

Gauhar re-designated as SAPM on power and petroleum

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Power Tabish Gauhar was given, on Tuesday, additional...

Published 31 Mar, 2021 05:42am

Business & Finance

Tabish Gauhar becomes SAPM on Power & Petroleum amid Nadeem Babar removal

"The Prime Minister has been pleased to re-designate, Mr. Tabish Gauhar, Special Assistant to the Prime Minister on Power as Special Assistant to the Prime Minister on Power and Petroleum, on honorary basis, with immediate effect.”

Published 30 Mar, 2021 12:10pm

Azhar to become new finance minister: PM removes Hafeez over ‘price hike’

ISLAMABAD: Prime Minister Imran Khan has decided to remove Finance Minister Dr Abdul Hafeez Shaikh as Finance...

Published 30 Mar, 2021 05:45am

Bilawal says PPP to file review petition against IHC verdict

KARACHI: Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari on Saturday announced that his party would...

Updated 28 Mar, 2021 10:52am

Petroleum shortages: SAPM on petroleum asked to step down

ISLAMABAD: Special Assistant to the Prime Minister on Petroleum, Nadeem Babar, has been asked by Prime Minister ...

Published 27 Mar, 2021 05:41am

Pakistan

Nadeem Babar has been asked to resign by PM Imran over petrol crises: Asad Umar

"Secretary for Petroleum Division (Mian Asad Hayauddin) will also be asked to report to the Establishment Division once his replacement is finalised," Umar said.
The FIA would bring forward the report carrying out a forensic audit within 90 days, he added.

Updated 26 Mar, 2021 08:03pm

Investigation by inquiry commission: Cabinet asks PD to take action against OMCs

ISLAMABAD: The federal cabinet has directed Petroleum Division to take action against Oil Marketing Companies (OMCs)...

Published 23 Mar, 2021 04:37am

Summary on circular debt approved by CCoE

ISLAMABAD: The Cabinet Committee on Energy (CCoE) Monday approved the summary presented by the Power Division to...

Published 16 Mar, 2021 04:43am

Business & Finance

BMG chief welcomes signing of contract

KARACHI: Businessmen Group (BMG) chairman and a former president of the Karachi Chamber of Commerce and Industry...

Published 28 Feb, 2021 04:55am

Business & Finance

This financial expert told us about the Pakistan, Qatar LNG deal weeks ago

He said that the deal would be a long-term contract for 2 cargos per month at 20-25 percent discount to the existing deal.

Published 27 Feb, 2021 11:16am

New LNG deal signed; shipments to start in Jan

KARACHI: Pakistan has signed a new 10-year deal to import liquefied natural gas (LNG) from Qatar, a official said on...

Published 27 Feb, 2021 04:29am

Pakistan

Power policy: PD told to incorporate agreed recommendations

ISLAMABAD: A meeting of the Cabinet Committee on Energy (CCoE) directed the Power Division to incorporate the agreed...

Updated 12 Feb, 2021 11:46pm

Pakistan

Need for uninterrupted gas supply stressed

KARACHI: SITE Association of Industry president Abdul Hadi has said that restoration of gas to CPPs is vital for...

Published 11 Feb, 2021 04:34am

Pakistan

Regulatory authority: Framework for upstream petroleum sector to be placed before CCI

ISLAMABAD: The Petroleum Division prepared a framework of regulatory authority for the upstream petroleum sector...

Published 10 Feb, 2021 04:12am

Pakistan

SAPM discusses petroleum sector reforms with ADB team

Energy sector reforms are the part of government policy to improve energy economics and secure gas and oil supplies across the country.

Published 09 Feb, 2021 09:07pm

MPCL matter likely to land in Cabinet meeting today

ISLAMABAD: The removal of 45 percent dividend distribution cap on Mari Petroleum Company Limited (MPCL) under Gas...

Published 09 Feb, 2021 04:43am

Gainers
Losers
Leaders

Stock	Price
Shaheen Ins. / Dec 2 Shaheen Insurance Company Limited(SHNI)	3.55 ▲ 0.40 (12.70%)
Ghani Chemical Ind. (B) / Dec 2 Ghani Chemical Industries Limited. (B)(GCILB)	12.50 ▲ 1.00 (8.70%)
Oilboy Energy / Dec 2 Oilboy Energy Limited(OBOY)	8.30 ▲ 0.58 (7.51%)
Allawasaya Tex / Dec 2 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	3229.81 ▲ 225.33 (7.50%)
Kohinoor Mills / Dec 2 Kohinoor Mills Limited(KML)	35.85 ▲ 2.50 (7.50%)
National Silk / Dec 2 The National Silk & Rayon Mills Limited(NSRM)	19.35 ▲ 1.35 (7.50%)
Premium Textile / Dec 2 Premium Textile Mills Limited(PRET)	685.11 ▲ 47.79 (7.50%)
Pakistan Services / Dec 2 Pakistan Services Limited(PSEL)	861.74 ▲ 60.12 (7.50%)
Reliance Cotton / Dec 2 Reliance Cotton Spinning Mills Limited(RCML)	717.89 ▲ 49.88 (7.47%)
Frontier Ceram / Dec 2 Frontier Ceramics Limited(FRCL)	27.10 ▲ 1.85 (7.33%)

Stock	Price
Power Cem(Pref) / Dec 2 Power Cement (Pref)(POWERPS)	5.20 ▲ -0.91 (-14.89%)
Unicap Modaraba / Dec 2 Unicap Modaraba(UCAPM)	2.01 ▲ -0.32 (-13.73%)
Ghazi Fabrics / Dec 2 Ghazi Fabrics International Limited(GFIL)	4.72 ▲ -0.68 (-12.59%)
Chakwal Spinning / Dec 2 Chakwal Spinning Mills Limited(CWSM)	1.78 ▲ -0.21 (-10.55%)
Samba Bank / Dec 2 Samba Bank Limited(SBL)	6.50 ▲ -0.75 (-10.34%)
Ghani Glo Hol / Dec 2 Ghani Global Holdings Limited(GGL)	14.52 ▲ -1.38 (-8.68%)
Faisal Sp. / Dec 2 Faisal Spinning Mills Limited(FASM)	351.50 ▲ -28.50 (-7.50%)
John&Philips / Dec 2 Johnson & Phillips (Pakistan) Limited(JOPP)	40.53 ▲ -3.28 (-7.49%)
TPL Insurance / Dec 2 TPL Insurance Limited(TPLI)	17 ▲ -1.36 (-7.41%)
The Thal Ind.Corp. / Dec 2 The Thal Industries Corporation Limited(TICL)	263 ▲ -21.00 (-7.39%)

Stock	Volume
Dewan Motors / Dec 2 Dewan Farooque Motors Limited(DFML)	8,119,500 ▼ 0.00
WorldCall Telecom / Dec 2 Worldcall Telecom Limited(WTL)	5,263,245 ▼ 0.00
TRG Pak Ltd / Dec 2 TRG Pakistan Limited(TRG)	4,093,454 ▼ 0.00
Pak Int.Bulk / Dec 2 Pakistan International Bulk Terminal(PIBTL)	3,981,000 ▼ 0.00
Hascol Petrol / Dec 2 Hascol Petroleum Limited(HASCOL)	3,652,500 ▼ 0.00
Oilboy Energy / Dec 2 Oilboy Energy Limited(OBOY)	2,452,500 ▼ 0.00
Ghani Glo Hol / Dec 2 Ghani Global Holdings Limited(GGL)	2,290,768 ▼ 0.00
Balochistan Glass / Dec 2 Balochistan Glass Limited(BGL)	2,051,000 ▼ 0.00
Ghani Chem. Ind. / Dec 2 Ghani Chemical Industries Limited(GCIL)	1,558,500 ▼ 0.00
Unity Foods Ltd / Dec 2 Unity Foods Limited(UNITY)	1,545,624 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 2	223.79
USD PKR Interbank Buying / Dec 2	223.59
USD to Swiss Franc / Dec 1	0.94
USD to Japanese Yen / Dec 2	135.10
Pound Sterling to USD / Dec 2	1.22
Euro to USD / Dec 2	1.05
UK LIBOR % / Dec 1	3.82

Stock	Volume
S&P 500 / Dec 1	4076.57
Nasdaq / Dec 1	11482.45
FTSE 100 / Dec 1	7558.49
Dow Jones / Dec 1	34395.01
Germany DAX 30 / Dec 1	14490.30
France CAC40 / Dec 1	6753.97
India Sensex / Dec 2	63074.58
Tokyo Nikkei / Dec 2	27679.84
Hang Seng / Dec 2	18822.49

Item	Value
Crude Oil USD/Barrel / Dec 1	81.46
Karachi Cotton PKR/37.32 KG / Dec 1	16735
Gold 10 Grams PKR / Dec 1	139532
Cotton US¢/pound / Dec 1	84.85
Gold Spot USD/Ounce / Dec 2	1796.85

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