Trends - circular debt - Business Recorder

circular debt

The tightrope between recoveries and circular debt

To end (or limit) the increase in the power sector circular debt flow, under the condition of the IMF, the ...

Published 17 Mar, 2023 08:53am

Motion filed with Nepra: All set for Rs3.23/unit additional surcharge on electricity

ISLAMABAD: The Federal Government has filed a Motion with National Electric Power Regulatory Authority (Nepra) for...

Updated 11 Mar, 2023 08:53am

Opinion

Energy sector reforms: Earnest intentions for structural changes necessary – IV

Our fiscal space is wafer thin. The economy is starting to pull back from a precipice. The International Monetary...

Published 08 Mar, 2023 06:20am

BR Research

IMF SLA: What’s cooking?

February is nearing the end and the IMF Staff level agreement (SLA) for the 9th review is still pending. The anxiety...

Published 28 Feb, 2023 09:09am

Opinion

IMF programme and energy crisis

Pakistan has less than US$3 billion in foreign reserves, enough to finance less than three weeks of imports. It owes...

Updated 15 Feb, 2023 06:47am

Opinion

IMF and the ideal of accountability

The international lending agencies are often under criticism that they dole out loans to developing countries while...

Published 05 Feb, 2023 03:10am

IMF team ‘quizzes’ PD’s top brass

International Monetary Fund Mission raises questions on the performance of power sector and violation of commitments made in the previous review

Updated 02 Feb, 2023 10:34am

Opinion

Redefining Pakistan’s economy

This article is an effort on not only understanding the fundamental economic issues but also some tough but ...

Published 01 Feb, 2023 05:58am

Editorials

A reminder of the flaws in economic policies

EDITORIAL: Match the rise in taxes to a cut in government expenditure is a cry gathering momentum not only amongst...

Published 01 Feb, 2023 05:58am

BR Research

Power tariff: Surcharge won’t help

As Pakistan goes back to the drawing board with the IMF, the rumor mill churns news around another round of ...

Published 31 Jan, 2023 08:57am

Business & Finance

TAL JV allowed to sell Mamikhel gas

ISLAMABAD: The government has allowed TAL Joint Venture to sell gas from Mamikhel South discovery to third party...

Updated 28 Jan, 2023 08:44am

IMF team to arrive on 31st

ISLAMABAD: The International Monetary Fund (IMF) mission will visit Pakistan from January 31-February 9 to continue...

Updated 27 Jan, 2023 09:06am

Opinion

Energy sector reforms – II: low-hanging fruit rotting

Building on previous op-eds, we are aware of Pakistan’s energy sector challenges and measures requiring execution in...

Published 25 Jan, 2023 06:25am

Markets

Energy ministry tells ECC: Gas from Mamikhel can help reduce circular debt

ISLAMABAD: The Ministry of Energy has informed the Economic Coordination Committee (ECC) of the Cabinet that the ...

Published 25 Jan, 2023 06:25am

Opinion

PARTLY FACETIOUS: Our ‘Ben Affleck’

“So what happened during the weekend?” “Prices rose even higher and…and… I had to cut down further on my...

Published 24 Jan, 2023 06:06am

Gas sector: Dar for early settlement of circular debt

Officials say gas sector circular debt has reached Rs 1.6 trillion and would become comparable to power sector circular debt if reforms are not undertaken

Updated 22 Jan, 2023 10:12am

Markets

Dar directs committee to finalise action plan for settlement of circular debt

Issue of circular debt is seen as one key element in reviving IMF programme

Updated 21 Jan, 2023 09:16pm

World Bank delays approval of $1.1bn loans for Pakistan

ISLAMABAD: The World Bank has delayed the approval of two loans for Pakistan worth $1.1 billion until the next...

Updated 19 Jan, 2023 12:24pm

BR Research

Discos’ horror show

Another exercise of clearing the energy sector circular debt stock via dividends, Sukuks, or direct cash transfer is...

Published 17 Jan, 2023 09:05am

BR Research

Gas tariffs: Circular debt will stay

As the regulator determined consumer end gas prices for both Sui companies – analysts were quick to link it to the...

Published 12 Jan, 2023 07:55am

Opinion

Power distribution sector’s performance – I

Circular debt and privatisation of power distribution companies are under active discussion these days in the...

Published 12 Jan, 2023 06:10am

Business & Finance

KCCI urges govt to revisit stance on shopping hours

KARACHI: President of Karachi Chamber of Commerce and Industry (KCCI) Mohammed Tariq Yousuf, while referring to...

Published 06 Jan, 2023 05:58am

Editorials

Circular debt challenge

EDITORIAL: The power sector circular debt has crossed the Rs 2.5 trillion mark and is growing. None of the political...

Updated 02 Jan, 2023 04:43pm

Opinion

To many it sounds like PDM wants to have its cake and eat it

The plot thickens. With SBP’s (State Bank of Pakistan’s) forex reserves expected to fall below $5 billion in a...

Published 02 Jan, 2023 05:54am

Opinion

Energy sector reforms — I

My previous op-ed, summed up Pakistan’s gas supply position vis-à-vis the current demand, prevailing geo-political...

Published 29 Dec, 2022 05:59am

Opinion

Circular debt – short-term remedies

The circular debt (CD) emerged as a perpetual menace ever since the Independent Power Producers (IPPs) surfaced on...

Updated 24 Dec, 2022 06:31am

Reduction in circular debt of gas sector by 70pc: PM directs Petroleum, Finance Divisions to prepare master plan

ISLAMABAD: Prime Minister Shehbaz Sharif has directed Petroleum and Finance Divisions to prepare a master plan to...

Updated 23 Dec, 2022 08:41am

Business & Finance

Gas sector 10-member body formed on circular debt settlement

ISLAMABAD: The Finance Division constituted a 10-member committee on circular debt settlement of the gas sector on...

Updated 22 Dec, 2022 09:39am

BR Research

Power tariffs playing tricks

Despite over a 40 percent hike in base tariff and heavy monthly and quarterly fuel price adjustments, the circular...

Published 21 Dec, 2022 08:51am

JPL seeks exemption from IFRS-9

ISLAMABAD: M/s Jhimpir Power (Private) Limited (JPL) has sought exemption from the application of International...

Updated 05 Dec, 2022 09:50am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 22 786 Investments Limited(786)	4.90 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 22 Al-Abbas Sugar Mills Limited(AABS)	393.99 ▼ 0.00 (0.00%)
Agro Allianz / Mar 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 22 Allied Bank Limited(ABL)	63.50 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 22 Abbott Laboratories (Pakistan) Limited(ABOT)	400.12 ▼ 0.00 (0.00%)
Abson Ind. / Mar 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 22 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Mar 22 Attock Cement Pakistan Limited(ACPL)	59.01 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 22 786 Investments Limited(786)	4.90 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 22 Al-Abbas Sugar Mills Limited(AABS)	393.99 ▲ 0.00 (0.00%)
Agro Allianz / Mar 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 22 Allied Bank Limited(ABL)	63.50 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 22 Abbott Laboratories (Pakistan) Limited(ABOT)	400.12 ▲ 0.00 (0.00%)
Abson Ind. / Mar 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 22 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▲ 0.00 (0.00%)
Attock Cement / Mar 22 Attock Cement Pakistan Limited(ACPL)	59.01 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	6,046,419 ▲ 0.00
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,848,036 ▲ 0.00
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	4,691,640 ▲ 0.00
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▲ 0.00
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▲ 0.00
Fauji Cement / Mar 22 Fauji Cement Company Limited(FCCL)	4,452,500 ▲ 0.00
TPL Properties / Mar 22 TPL Properties Limited(TPLP)	4,391,678 ▲ 0.00
Ghani Glo Hol / Mar 22 Ghani Global Holdings Limited(GGL)	4,311,148 ▲ 0.00
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	4,273,685 ▲ 0.00
Loads Limited / Mar 22 Loads Limited(LOADS)	4,188,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 21	285.40
USD PKR Interbank Buying / Mar 21	283.90
USD to Japanese Yen / Mar 21	132.38
USD to Swiss Franc / Mar 21	0.92
Pound Sterling to USD / Mar 21	1.22
Euro to USD / Mar 21	1.08
UK LIBOR % / Mar 21	4.56

Stock	Volume
S&P 500 / Mar 21	4002.87
India Sensex / Mar 21	58074.68
Tokyo Nikkei / Mar 21	26945.67
Nasdaq / Mar 21	11860.11
Hang Seng / Mar 21	19258.76
FTSE 100 / Mar 21	7536.22
Dow Jones / Mar 21	32560.60
Germany DAX 30 / Mar 21	15195.34
France CAC40 / Mar 21	7112.91

Item	Value
Crude Oil USD/Barrel / Mar 21	69.33
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 21	177726
Gold Spot USD/Ounce / Mar 21	1943.10
Cotton US¢/pound / Mar 21	77.85

circular debt

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