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اردو

Oct 01, 2026 اردو

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Business & Finance Print edition: 2024-10-15

Bahra Electric and Pakistan Cables sign MoU to develop energy sectors

Published October 15, 2024 Updated October 15, 2024 08:53am

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ISLAMABAD: Bahra Electric and Pakistan Cables Limited signed a Memorandum of Understanding (MoU) to strengthen partnerships between the two organizations ushering a new era for collaboration in the industrial and energy sectors between the Kingdom of Saudi Arabia and Pakistan.

The MoU was signed by Kareem Idriss, Deputy Chief Executive – Bahra Electric and Fahd K. Chinoy, CEO – Pakistan Cables at a signing ceremony in Islamabad on October 10th. The value of the MoU is estimated to be up to $100 million and is anticipated to contribute towards the strong economic relation between both the countries.

This was one of several MOUs signed during the visit of a Saudi delegation led by Honourable Khalid Bin Abdulaziz Al-Falih, Minister of Investment, Kingdom of Saudia Arabia.

The two sides agreed that Bahra Electric and Pakistan Cables will collaborate to develop electrical products for the energy sector, strengthen capabilities and supply chain resilience, and widen distribution networks.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 30	277.31
USD PKR Interbank Buying / Sep 30	277.11
USD to Japanese Yen / Oct 1	158.32
USD to Swiss Franc / Oct 1	0.84
Pound Sterling to USD / Oct 1	1.32
Euro to USD / Oct 1	1.13
SOFR % / Sep 29	3.88

Stock	Volume
S&P 500 / Sep 30	7,651.54
Nasdaq / Sep 30	26,861.06
Hang Seng / Sep 30	24,613.27
Dow Jones / Sep 30	50,906.05
India Sensex / Oct 1	71,770.30
Tokyo Nikkei / Oct 1	68,956.72
FTSE 100 / Oct 1	10,413.82
Germany DAX 30 / Oct 1	24,851.64
France CAC40 / Oct 1	7,827.14

Item	Value
Gold 10 Grams PKR / Sep 30	378,631
Petrol/Litre / Oct 1	387.54
Crude Oil USD/Barrel / Oct 1	92.53
Karachi Cotton PKR/37.32 KG / Oct 1	18,480
Gold Spot USD/Ounce / Oct 1	4,162.20
Diesel/Litre / Oct 1	402.24
Cotton US¢/pound / Oct 1	78.41

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Stock	Price
D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	15.70 ▲ 1.43 (10.02%)
Arctic Textile / Oct 1 Arctic Textile Mills Limited(ARCTM)	57.33 ▲ 5.21 (10%)
Asim Textile / Oct 1 Asim Textile Mills Limited(ASTM)	125.36 ▲ 11.4 (10%)
Dewan Motors / Oct 1 Dewan Farooque Motors Limited(DFML)	17.49 ▲ 1.59 (10%)
Ellcot Spinning / Oct 1 Ellcot Spinning Mills Limited(ELSM)	196.28 ▲ 17.84 (10%)
First Imrooz Mod. / Oct 1 First Imrooz Modaraba(FIMM)	286.94 ▲ 26.09 (10%)
Fazal Cloth / Oct 1 Fazal Cloth Mills Limited(FZCM)	280.46 ▲ 25.5 (10%)
Mandviwala / Oct 1 Mandviwala Mauser Plastic Industries(MWMP)	84.78 ▲ 7.71 (10%)
Popular Islamic / Oct 1 Popular Islamic Modaraba(PIM)	65.60 ▲ 5.96 (9.99%)
F. Nat.Equities / Oct 1 First National Equities Limited(FNEL)	1.23 ▲ 0.11 (9.82%)

Stock	Price
EFU Life Assr / Oct 1 EFU Life Assurance Limited(EFUL)	125 ▼ -39.01 (-23.79%)
Ashfaq Textile / Oct 1 Ashfaq Textile Mills Limited(ASHT)	45.51 ▼ -5.06 (-10.01%)
First Tri-Star Mod. / Oct 1 First Tri-Star Modaraba(FTSM)	44.03 ▼ -4.89 (-10%)
Pakistan Credit Rating Agency / Oct 1 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	43.67 ▼ -4.85 (-10%)
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	26.14 ▼ -2.9 (-9.99%)
East West Ins. / Oct 1 East West Insurance Company Limited(EWIC)	59.60 ▼ -6.02 (-9.17%)
Mughal Energy / Oct 1 Mughal Energy Limited(GEM)(GEMMEL)	37.30 ▼ -3.7 (-9.02%)
Power Cem(Pref) / Oct 1 Power Cement (Pref)(POWERPS)	29.62 ▼ -2.87 (-8.83%)
Leather Up Ltd. / Oct 1 Leather Up Limited(LEUL)	70.20 ▼ -5.04 (-6.7%)
Frontier Ceramics / Oct 1 Frontier Ceramics Limited(FRCL)	81.50 ▼ -5.45 (-6.27%)

Stock	Volume
Kohinoor Spinning / Oct 1 Kohinoor Spinning Mills Limited(KOSM)	85,969,366 ▲ 0.23
Pak Int.Bulk / Oct 1 Pakistan International Bulk Terminal(PIBTL)	22,598,143 ▲ 0.07
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	22,486,254 ▼ -2.9
Tasdeeq Info. Serv. / Oct 1 Tasdeeq Information Services Limited(TISL)	16,914,608 ▲ 0.04
Cnergyico PK / Oct 1 Cnergyico PK Limited(CNERGY)	16,794,628 ▼ -0.17
D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	15,190,014 ▲ 1.43
WorldCall Telecom / Oct 1 Worldcall Telecom Limited(WTL)	14,637,968 ▲ 0
Oilboy Energy / Oct 1 Oilboy Energy Limited(OBOY)	12,508,851 ▲ 0.48
F. Nat.Equities / Oct 1 First National Equities Limited(FNEL)	12,257,594 ▲ 0.11
Pak Refinery / Oct 1 Pakistan Refinery Limited(PRL)	11,289,636 ▼ -1.83