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circular debt

Growing circular debt harming financial viability of power sector: Nepra

In its State of Industry Report 2021, authority says biggest challenge is the high cost of electricity for which there are several reasons

Updated 01 Oct, 2021 12:19pm

Markets

Circular debt exceeds Rs2.3trn: State-owned Discos’ losses reach Rs1.35trn: think tank

ISLAMABAD: The state-owned electricity Distribution Companies’ performance has depicted a gloomy picture as their...

Published 01 Oct, 2021 04:07am

Govt successfully completes six actions to cut circular debt: Omar

ISLAMABAD: Federal Minister for Economic Affairs Omar Ayub Khan said that Pakistan successfully completed six ...

Updated 30 Sep, 2021 10:38am

Power projects: Banks are put off financing by rising circular debt

Circular debt has reached Rs2.327 trillion as of August 31, 2021
Power Division is even unable to make due payments to Chinese companies that have established power projects in Pakistan

Updated 27 Sep, 2021 10:29am

Assets due from govt viz circular debt: Requirements contained in IFRS 9 waived off: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has waived off a requirement for submission of...

Published 21 Sep, 2021 03:03am

Energy sector’s circular debt soars to Rs2.28trn

ISLAMABAD: The country’s energy sector circular debt has increased by over 2000 per cent to Rs 2.280 trillion in ...

Updated 16 Sep, 2021 10:06am

Pakistan

DISCOs: Govt mulling changing regulation mechanism

LAHORE: In order to encourage competition, the federal government is mulling changing the pattern of the power...

Published 10 Sep, 2021 04:41am

Energy sector circular debt shows contained growth in FY21

ISLAMABAD: The country's energy sector circular debt reached Rs 2.28 trillion in FY 2020-21 from Rs 2.15 trillion in...

Updated 21 Aug, 2021 07:38pm

BR Research

Are E&P charms returning?

With oil and gas exploration and production flows weakening over the few years, reserves running dry, and ...

Published 02 Aug, 2021 08:40am

Business & Finance

ECC has approved financial setoff mechanism for govt-owned IPPs: Hammad Azhar

Minister for Energy says this will reduce circular debt by Rs116 billion

Published 16 Jul, 2021 02:19pm

BR Research

Gas circular debt keeps mounting

The gas circular debt is growing (read “Gas Circular Debt” published on 10th Feb 2021). The gas circular debt is...

Published 06 Jul, 2021 08:28am

BR Research

Wholesale power market – who will pay for delays?

If things go smooth, Pakistan may finally have a wholesale electricity market up and running by April 2022, as the...

Published 24 Jun, 2021 07:40am

Business & Finance

SBP introduces Master Circular on eCIB

Measure taken to facilitate meticulous compliance, and help make informed/timely lending decisions

Published 22 Jun, 2021 04:15pm

BR Research

Power subsidies: High yet adequate

Electricity tariffs are not going to go up in FY22. This is the loud and clear message from the budget document. The...

Published 15 Jun, 2021 07:30am

Circular debt may hit Rs2.7trn mark

ISLAMABAD: The energy sector's circular debt is likely to touch Rs 2.7 trillion in fiscal year 2021-22 in case the...

Published 05 Jun, 2021 04:08am

BR Research

Peak industrial tariff: To abolish or not

The federal government has filed a motion with the power regulator for extension of abolishment of time-of-use...

Published 28 May, 2021 07:35am

Opinion

Circular debt — I: Worse still to come?

Circular debt issue is getting more serious by the day. Worse has yet to come with the installation of new capacity...

Published 27 May, 2021 03:40am

BR Research

Electricity generation (cost) rises

For the second month running, electricity fuel tariff monthly adjustment has returned negative value. April 2021...

Published 26 May, 2021 07:30am

Pakistan

Circular debt declines by Rs 189bn in 10 months: Asad Umar

Asad Umar said the government was improving performance and clearing mess inherited from PML-N in every sector.

Published 25 May, 2021 06:26pm

Business & Finance

Circular debt declines Rs 189bn during July-April: Umar

The federal minister said that this ‘huge improvement’ in the circular debt buildup against the last year of PML-N government has been achieved despite massive increase in capacity payments caused by decisions committed by the former government.

Published 25 May, 2021 11:27am

BR Research

Delayed adjustments come with a cost

The energy minister stamped the verdict the other day, what was becoming increasingly evident from the ...

Published 25 May, 2021 07:25am

BR Research

PSO – volumes driving earnings again!

After a stressful FY20 where petroleum product volumes sold by the oil marketing companies slithered due to lockdown...

Published 03 May, 2021 07:35am

BR Research

KAPCO – earnings slip with utilization

Kot Addu Power Company Limited (PSX: KAPCO) announced its financial performance for 9MFY21 last week where its...

Published 27 Apr, 2021 07:35am

Business & Finance

Circular debt build-up has made power sector financially challenging, says Azhar

Secretary Power briefed Hamamd about the efforts being made for the reformation of the Power sector with a view to providing maximum relief to the electricity consumers.

Published 17 Apr, 2021 10:55am

BR Research

EPQL – improvement in merit order

Engro Powergen Qadirpur Limited (PSX: EPQL) a subsidiary of Engro Energy Limited and formerly known as Engro ...

Published 15 Apr, 2021 07:40am

BR Research

An interview with Syed Moonis Abdullah Alvi, CEO, K-Electric

“Our aim is to make K-Electric sustainable.” A chartered accountant by profession, Syed Moonis Abdullah ...

Published 02 Apr, 2021 07:40am

BR Research

Saif Power working it through

Saif Power Limited (PSX: SPWL) - a subsidiary of the Saif Group – announced its financial performance for 2020...

Published 31 Mar, 2021 07:38am

BR Research

PSX & the frenzy of “blue-eyed” stocks

Covid has turned the tables in the international financial markets. The liquidity pumped into the system is...

Published 30 Mar, 2021 07:25am

BR Research

IMF is back

No surprise, as expected, the IMF programme is back. Four pending reviews (2nd to 5th) are completed and $500 ...

Published 26 Mar, 2021 07:25am

BR Research

Power demand: industry grows, domestic drops

The country’s power generation (ex-KE) continues to grow at a very modest rate. The 8MFY21 generation numbers are...

Published 25 Mar, 2021 07:25am

Gainers
Losers
Leaders

Stock	Price
First Prud Mod. / Oct 21 First Prudential Modaraba(PMI)	2.25 ▲ 0.20 (9.76%)
S.G. Power Ltd. / Oct 21 S.G. Power Limited(SGPL)	4.00 ▲ 0.33 (8.99%)
Nazir Cotton / Oct 21 Nazir Cotton Mills Limited(NCML)	7.34 ▲ 0.56 (8.26%)
Sapphire Textile / Oct 21 Sapphire Textile Mills Limited(SAPT)	1300.75 ▲ 90.75 (7.50%)
Buxly / Oct 21 Buxly Paints Limited(BUXL)	115.37 ▲ 8.04 (7.49%)
Reliance Weav. / Oct 21 Reliance Weaving Mills Limited(REWM)	65.28 ▲ 4.49 (7.39%)
Ados Pakistan / Oct 21 Ados Pakistan Limited(ADOS)	17.99 ▲ 1.19 (7.08%)
Quetta Textile / Oct 21 Quetta Textile Mills Limited(QUET)	7.60 ▲ 0.50 (7.04%)
Berger Paints / Oct 21 Berger Paints Pakistan Limited(BERG)	99.51 ▲ 5.75 (6.13%)
First Cap. Sec. / Oct 21 First Capital Securities Corporation(FCSC)	2.08 ▲ 0.12 (6.12%)

Stock	Price
Millat Tractors / Oct 21 Millat Tractors Limited(MTL)	898.00 ▲ -222.41 (-19.85%)
Pak. P.V.C. / Oct 21 Pakistan PVC Limited(PPVC)	4.80 ▲ -1.00 (-17.24%)
Ismail Ind. / Oct 21 Ismail Industries Limited(ISIL)	400.00 ▲ -45.00 (-10.11%)
Sindh Modaraba / Oct 21 Sindh Modaraba(SINDM)	8.02 ▲ -0.88 (-9.89%)
Engro Polymer (Pref) / Oct 21 Engro Polymer (Preference)(EPCLPS)	10.05 ▲ -0.95 (-8.64%)
Samba Bank / Oct 21 Samba Bank Limited(SBL)	10.05 ▲ -0.88 (-8.05%)
Data Agro / Oct 21 Data Agro Limited(DAAG)	21.74 ▲ -1.76 (-7.49%)
Bal. Wheel / Oct 21 Baluchistan Wheels Limited(BWHL)	71.24 ▲ -5.76 (-7.48%)
J. K. Spinning / Oct 21 J.K. Spinning Mills Limited(JKSM)	41.61 ▲ -3.35 (-7.45%)
Arshad Energy / Oct 21 Arshad Energy Limited(AEL)	21.54 ▲ -1.73 (-7.43%)

Stock	Volume
Telecard Ltd. / Oct 21 Telecard Limited(TELE)	14,375,000 ▼ 0.00
Worldcall / Oct 21 Worldcall Telecom Limited(WTL)	14,289,500 ▼ 0.00
Service Fab. / Oct 21 Service Fabrics Limited(SERF)	8,829,000 ▼ 0.00
Hum Network / Oct 21 Hum Network Limited(HUMNL)	6,356,000 ▼ 0.00
Engro Polymer / Oct 21 Engro Polymer & Chemicals Limited(EPCL)	6,305,500 ▼ 0.00
Maple Leaf / Oct 21 Maple Leaf Cement Factory Limited(MLCF)	3,634,690 ▼ 0.00
Unity Foods / Oct 21 Unity Foods Limited(UNITY)	3,485,120 ▼ 0.00
Byco Petroleum / Oct 21 Byco Petroleum Pakistan Limited(BYCO)	2,409,500 ▼ 0.00
Oil & Gas Dev. / Oct 21 Oil & Gas Development Company Limited(OGDC)	2,129,917 ▼ 0.00
TRG Pakistan / Oct 21 TRG Pakistan Limited(TRG)	2,109,072 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 20	173.45
USD PKR Interbank Buying / Oct 20	173.30
USD to Japanese Yen / Oct 20	114.35
USD to Swiss Franc / Oct 20	0.92
Pound Sterling to USD / Oct 20	1.38
Euro to USD / Oct 20	1.16
UK LIBOR % / Oct 20	0.07

Stock	Volume
S&P 500 / Oct 20	4486.46
India Sensex / Oct 20	61765.59
Tokyo Nikkei / Oct 20	29025.46
Nasdaq / Oct 20	15021.81
Hang Seng / Oct 20	25409.75
FTSE 100 / Oct 20	7203.33
Dow Jones / Oct 20	35258.61
Germany DAX 30 / Oct 20	15474.47
France CAC40 / Oct 20	6673.10

Item	Value
Crude Oil / Oct 20	83.87
Karachi Cotton Assoc. / Oct 20	14680.00
Gold 10 Grams / Oct 20	97700.00
Gold Spot / Oct 20	1781.95
Cotton / Oct 20	110.73

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