Trends - PSM - Business Recorder

PSM

PSM to be privatised on G2G basis

ISLAMABAD: The caretaker government has reportedly decided to privatise Pakistan Steel Mills (PSM) on Government to...

Updated 06 Oct, 2023 09:30am

PSM expenditure since its closure: ECC directs FD to submit details of cost borne by govt

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Finance Division to submit...

Updated 30 Sep, 2023 09:21am

PSM sell-off: Only one bidder still showing interest, says Fawad

ISLAMABAD: There is a single bidder left which is still showing interest in the privatisation of Pakistan Steel...

Updated 22 Sep, 2023 09:11am

Essential food items and consumer products: ECC for maintaining gap between wholesale, retail prices

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Pakistan Steel Mills (PSM)...

Updated 20 Sep, 2023 09:40am

Business & Finance

PSM employees: ECC may approve Rs1.244bn for payment of salaries

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is likely to approve an amount of Rs 1.244...

Updated 19 Sep, 2023 09:43am

Interim govt pursuing PSM revival plan, Senate panel told

ISLAMABAD: The caretaker government has started working on the revival plan of Pakistan Steel Mills (PSM), which has...

Updated 16 Sep, 2023 09:48am

Inward flows of dollars to create breathing space: ministry

ISLAMABAD: The Ministry of Industries and Production (MoI&P) Tuesday said it is still clueless about lifting of...

Updated 12 Jul, 2023 08:51am

Editorials

Court not to interfere in economic policy

EDITORIAL: Chief Justice Umar Ata Bandial while heading a three-judge bench hearing the Jamaat-i-Islami petition to...

Updated 12 Jun, 2023 06:51am

Monthly update: Inflation to remain on upward trajectory: MoF

ISLAMABAD: Inflation to remain on a higher trajectory despite monetary tightening primarily due to rupee...

Updated 31 May, 2023 08:53am

Supply of gas, other heads: Rs50bn spent on PSM since its shutdown

ISLAMABAD: The federal government has spent about Rs 50 billion on Pakistan Steel Mills (PSM) since it shut down its...

Updated 19 May, 2023 09:14am

Staff reinstatement: PSM management being ‘pressurised’

ISLAMABAD: The Pakistan Steel Mills (PSM) management is reportedly being pressurised to reinstate those employees...

Updated 09 May, 2023 09:18am

Business & Finance

LCCI calls for restructuring of loss-making SOEs

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) on Thursday called for restructuring of loss-making...

Published 28 Apr, 2023 06:08am

Opinion

World Bank report an indictment of SOEs

The World Bank has issued a report, which is in fact an indictment of Pakistan’s state-owned enterprises (SOEs)....

Published 25 Apr, 2023 06:25am

SOEs: PM forms body for reforms, restructuring

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a Cabinet Committee on State-Owned Enterprises (CCoSOEs)...

Updated 05 Apr, 2023 11:28am

Only 1 company interested in beleaguered PSM

Ministry of Industries and Production is endeavouring to resolve the longstanding issue of receivables and payables between Sui Southern Gas Company Limited and Pakistan Steel Mills

Updated 03 Apr, 2023 11:58am

Pakistan

NA panel directs ministry to ensure availability of urea

ISLAMABAD: The National Assembly Standing Committee on Industries and Production, Monday, directed the Ministry of...

Published 07 Mar, 2023 03:16am

PSM privatization: PM grills PC for its failure to satisfy potential buyers

Directs Privatisation Commission to make earnest efforts to re-engage with pre-qualified bidders

Updated 07 Mar, 2023 08:53am

PM for giving Discos to provinces

ISLAMABAD: Prime Minister, Shehbaz Sharif is all set to hold meeting with Chief Ministers to convince them of...

Updated 16 Feb, 2023 08:58am

Opinion

PSM: A huge white elephant

According to a Business Recorder news item “PSM to get Rs1.26bn to boot the bill for gas” carried by the...

Published 17 Nov, 2022 05:59am

Business & Finance

Stakeholders Group wants to attend meeting on PSM

ISLAMABAD: While welcoming the proposed visit of the Senate Standing Committee on the Ministry of Industries and...

Published 30 Aug, 2022 07:02am

Opinion

Elusive corporate turnaround

This article is not about sovereign states, political parties, celebrities and other boring stuff. It’s about...

Published 27 Jul, 2022 05:23am

Pakistan

Russian envoy hopes bilateral trade volume to rebound soon

KARACHI: The Consul General of Russian Federation in Karachi, Andrey Viktorovich Fedorov, has said that total volume...

Published 11 Jun, 2022 06:15am

ECC imposes 10pc RD on MS import

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has removed a customs anomaly on the import of...

Updated 04 Jun, 2022 10:05am

Business & Finance

MoI&P seeks Rs623m to clear SSGS bill of PSM

ISLAMABAD: Ministry of Industries and Production (MoI&P) has sought Rs 623 million to pay bills of SSGC of eight...

Published 04 Jun, 2022 04:18am

Pakistan Steel Mills: Meeting held with pre-qualified bidders, PC

ISLAMABAD: A meeting with pre-qualified bidders of Pakistan Steel Mills (PSM) and Privatisation Commission (PC) was...

Updated 20 May, 2022 10:32am

Pakistan

Minister reviews ongoing privatisation programme

ISLAMABAD: The Privatisation Commission on Wednesday held a review meeting on ongoing privatisation programme....

Published 10 Feb, 2022 04:40am

Markets

Afghan iron ore: FPCCI explains how PSM can be revived

ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has urged Federal Government to tap...

Published 10 Feb, 2022 04:40am

Senate panel told: EoI for PSM sell-off to be invited by May

ISLAMABAD: The Expression of Interest (EoI) for the privatisation of Pakistan Steel Mills (PSM) will be invited by...

Updated 14 Jan, 2022 09:51am

Pakistan

PSM, HEC: Sell-off matters discussed

ISLAMABAD: The matters related to the transaction of the Pakistan Steel Mills (PSM) and the Heavy Electrical Complex...

Published 30 Dec, 2021 04:40am

Pakistan

PC reviews sell-off status of PSM, other entities’

ISLAMABAD: The Privatisation Commission Wednesday reviewed the ongoing progress on privatisation programme including...

Published 16 Dec, 2021 04:00am

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 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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