Trends - circular debt - Business Recorder

circular debt

Growth must be backed by structural reforms

EDITORIAL: Caretaker Finance Minister Shamshad Akhtar while addressing the 26 Sustainable Development Conference...

Published 29 Nov, 2023 05:09am

Editorials

Circular debt devil could devour economy

EDITORIAL: That the devil of power circular debt has not stopped growing despite successive increase in base ...

Published 27 Nov, 2023 06:13am

Pakistan

Punjab CM optimistic about country’s future

LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi has expressed unwavering optimism about the future of...

Published 25 Nov, 2023 05:19am

Power sector circular debt swells despite recovery drive

Reaches Rs 2.537 trillion during first quarter

Updated 21 Nov, 2023 09:57am

IMF, govt reach SLA on first SBA review

ISLAMABAD: The International Monetary Fund (IMF) staff and the Pakistani authorities have reached a staff-level...

Updated 16 Nov, 2023 09:36am

‘Winter package’ not allowed to see the light of day

Govt fails to secure nod for industry package from IMF, sources says

Updated 14 Nov, 2023 02:34pm

PTI issues ‘white paper’ on state of economy

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) government put the fast dwindling economy of the country on the path of...

Updated 13 Nov, 2023 08:56am

Editorials

Discos’ infrastructure needs

EDITORIAL: The Asian Development Bank’s (ADB’s) revelation that “significant investment is required in ...

Published 08 Nov, 2023 05:42am

Editorials

Gas price hike: work doesn’t end here

EDITORIAL: After long deliberations and numerous announcements of intent, gas prices have finally increased. ...

Updated 06 Nov, 2023 06:00am

Opinion

Present BoDs of Discos have to go

The de-bundling of Wapda’s Power Wing in 1996 has been traumatic, to say the least. Besides, it has also turned...

Published 02 Nov, 2023 03:16am

Hike comes into effect from July: Rs65bn financial impact also added to gas tariff raise: govt

ISLAMABAD: The interim government has raised the gas prices up to 193 percent with effect from July 2023 for...

Updated 01 Nov, 2023 09:56am

Gas tariffs increased

The drastic devaluation of rupee against dollar has resulted into increasing cost of gas

Updated 31 Oct, 2023 10:00am

Editorials

Rising Sensitive Price Index: sensitive matter

EDITORIAL: The year-on-year (YoY) increase in the Sensitive Price Index (SPI) remained worryingly high at 29.65...

Published 31 Oct, 2023 05:26am

Opinion

No more gas circular debt buildup?

Gas price rationalization is a big reform undertaken by the caretaker government in view of the fact that in the ...

Updated 30 Oct, 2023 06:01am

Gas tariff hike won’t affect 57pc consumers: govt

Minister for Energy Muhammad Ali says increase in gas tariffs will help control and end the ever-increasing circular debt of petroleum sector

Updated 27 Oct, 2023 11:30am

Opinion

No more business as usual–III

Businesses have to take lead for delivering energy at a reasonable cost under a planned strategy and implementation...

Published 11 Oct, 2023 03:10am

Privatising Discos to create private-sector monopolies, warns World Bank

ISLAMABAD: The privatisation of distribution companies (Discos) may lead to private-sector monopolies in the absence...

Updated 10 Oct, 2023 08:46am

Editorials

Power circular debt

EDITORIAL: Despite successive revisions in base tariff and imposition of all kinds of surcharges, which together ...

Published 06 Oct, 2023 03:03am

Editorials

Milking the system for what it is worth

EDITORIAL: During a press briefing in Washington DC, Julie Kozack, Director of Communications International Monetary...

Published 04 Oct, 2023 06:20am

‘Unholy’ pacts with IPPs must be reviewed: Senate panel

ISLAMABAD: The Senate Standing Committee on Cabinet Secretariat recommended that there is an essential need to...

Updated 28 Sep, 2023 10:08am

Protected gas consumers: Rs500 per mmbtu gas tariff hike under study

ISLAMABAD: The federal government has been considering a proposal for increasing Rs500 per mmbtu gas tariff for 60...

Updated 26 Sep, 2023 11:17am

BR Research

PPL - earnings galore in FY23

FY23 - it’s been a good year for the oil and gas exploration and production companies as the currency depreciation...

Published 22 Sep, 2023 08:44am

Markets

Pakistan’s power sector circular debt swells to Rs2.31tr in FY23

Despite massive increase in tariff, amount increases Rs57bn during fiscal year

Updated 19 Sep, 2023 08:51pm

Opinion

Govt as the biggest power defaulter

The media is replete with news of the Power Sector – mostly negative. Most recently, it is the exorbitant bills...

Updated 17 Sep, 2023 06:37am

Markets

Minister asks PSO management to ‘minimise’ circular debt

ISLAMABAD: Federal Minister for Energy, Muhammad Ali, held an important meeting with the Pakistan State Oil (PSO)...

Published 12 Sep, 2023 06:22am

KE consumers: Govt slammed for seeking over Rs10/unit positive adjustment

ISLAMABAD: The federal government on Monday came under severe criticism from business community and domestic...

Updated 12 Sep, 2023 08:53am

Opinion

Failure of power sector: stop the blame game

It was only recently that the Senate Standing Committee on Power on unbraided the top brass of Power Division for...

Published 10 Sep, 2023 03:20am

Govt says gas prices to be revised upward

ISLAMABAD: The caretaker government said on Friday that gas prices have to be revised upward across the board...

Updated 09 Sep, 2023 08:44am

Opinion

The anatomy of Discos’ BoDs

The whole nation is seized by the huge bills received by the people. KE – as a vertically integrated utility –...

Updated 08 Sep, 2023 06:40am

Opinion

Energy efficiency in buildings

During the last week of August 2023, people were taken aback when they received their electricity bills. Even those...

Updated 06 Sep, 2023 11:01am

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	3.73 ▲ 1.00 (36.63%)
Universal Ins. / Dec 1 The Universal Insurance Company Limited(UVIC)	6.15 ▲ 1.00 (19.42%)
Abdullah Shah / Dec 1 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.13 ▲ 0.96 (15.56%)
JS Global Banking / Dec 1 JS Global Banking Sector (ETF)(JSGBETF)	13.53 ▲ 1.78 (15.15%)
Saritow Spinning / Dec 1 Saritow Spinning Mills Limited(SSML)	7.98 ▲ 1.00 (14.33%)
Ruby Textile / Dec 1 Ruby Textile Mills Limited(RUBY)	5 ▲ 0.60 (13.64%)
Waves Home Appliances / Dec 1 Waves Home Appliances Limited(WHALE)	8.12 ▲ 0.86 (11.85%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	10.06 ▲ 1.00 (11.04%)
Pak Gulf Leasing / Dec 1 Pak-Gulf Leasing Company Limited(PGLC)	7.75 ▲ 0.73 (10.40%)
Next Capital / Dec 1 Next Capital Limited(NEXT)	6.22 ▲ 0.55 (9.70%)

Stock	Price
Aruj Industries / Dec 1 Aruj Industries Limited(ARUJ)	8.02 ▼ -1.00 (-11.09%)
Askari Life Assur. / Dec 1 Askari Life Assurance Company Limited(ALAC)	5.45 ▼ -0.50 (-8.40%)
Hallmark Co. / Dec 1 Hallmark Company Limited(HCL)	196.11 ▼ -15.90 (-7.50%)
Siemens Pak. / Dec 1 Siemens (Pakistan) Engineering(SIEM)	717.18 ▼ -58.15 (-7.50%)
Universal Network (GEM) / Dec 1 Universal Network Systems Limited (GEM)(GEMUNSL)	30.52 ▼ -2.47 (-7.49%)
Suraj Cotton / Dec 1 Suraj Cotton Mills Limited(SURC)	146 ▼ -10.75 (-6.86%)
Clover Pakistan / Dec 1 Clover Pakistan Limited(CLOV)	23.75 ▼ -1.62 (-6.39%)
Kohinoor Power / Dec 1 Kohinoor Power Company Limited(KOHP)	5.10 ▼ -0.32 (-5.90%)
Tata Textile / Dec 1 Tata Textile Mills Limited(TATM)	72.30 ▼ -3.69 (-4.86%)
Jubilee Spinning / Dec 1 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.40 ▼ -0.32 (-4.76%)

Stock	Volume
Maple Leaf Cement / Dec 1 Maple Leaf Cement Factory Limited(MLCF)	42,339,484 ▲ 2.90
Pak Elektron / Dec 1 Pak Elektron Limited(PAEL)	39,182,221 ▲ 1.15
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	34,548,158 ▼ -0.07
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	33,025,000 ▲ 0.50
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	28,095,487 ▲ 0.03
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 1.32
Hum Network / Dec 1 Hum Network Limited(HUMNL)	21,957,500 ▲ 0.41
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	17,398,000 ▼ -0.13
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	16,209,942 ▼ -0.07
D.G.K.Cement / Dec 1 D.G. Khan Cement Company Limited(DGKC)	14,240,564 ▲ 5.49

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 1	148.16
USD to Swiss Franc / Dec 1	0.87
Pound Sterling to USD / Dec 1	1.26
Euro to USD / Dec 1	1.09
UK LIBOR % / Nov 30	5.46

Stock	Volume
S&P 500 / Dec 1	4556.94
India Sensex / Dec 1	67481.19
Tokyo Nikkei / Dec 1	33431.51
Nasdaq / Dec 1	14187.27
Hang Seng / Dec 1	16830.30
FTSE 100 / Dec 1	7501.93
Dow Jones / Dec 1	35968.23
Germany DAX 30 / Dec 1	16335.19
France CAC40 / Dec 1	7342.95

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 30	17435
Crude Oil USD/Barrel / Dec 1	76.13
Gold 10 Grams PKR / Dec 1	189043
Gold Spot USD/Ounce / Dec 1	2038.53
Cotton US¢/pound / Dec 1	79.92

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