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energy sector

IMF may have its way

EDITORIAL: A Business Recorder exclusive news report has revealed that the government has agreed to pass on the...

Updated 14 Oct, 2021 10:35am

Markets

Saudi Arabia to ask foreign energy companies to up domestic input to 70pc

DUBAI: Saudi Arabia will require foreign firms working in the energy sector, including petrochemicals and water...

Published 13 Oct, 2021 04:47am

Pakistan

Pakistan, US restart energy dialogue

ISLAMABAD: Pakistan and United States have restarted energy dialogue to renew long partnership. According to US...

Published 23 Sep, 2021 04:35am

Business & Finance

IMF says govt working on law to bring about improvements in SOEs

ISLAMABAD: The Pakistani authorities have been working on a State-Owned Enterprise (SOE) Governance and Operations...

Published 21 Sep, 2021 04:10am

Pakistan

Qureshi, Lavrov discuss regional, global issues

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi met with Foreign Minister Sergey Lavrov of Russia, on the sidelines...

Published 17 Sep, 2021 03:52am

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

Markets

S&P 500, Dow gain on factory data, strong oil prices

NEW YORK: The S&P 500 and Dow Jones indexes rose on Wednesday on mildly positive factory data and higher oil...

Published 16 Sep, 2021 04:02am

Markets

Oil turns negative on weak inflation data, improving storm outlook

Oil prices turned negative on Tuesday after new data from the U.S. Labor Department showed inflation cooling and the...

Published 15 Sep, 2021 12:08am

Energy sector circular debt: Govt irked by 'twisted' facts, figures

Shaukat Tarin says he will talk to SBP governor as the need is to release disaggregated figures of public debt

Updated 08 Sep, 2021 11:03am

Volatile global energy prices: Tarin asks MoE to adopt 'forward planning'

Finance minister stresses upon exploring cost-effective options such as renewable sources of energy for a sustainable energy equation

Updated 08 Sep, 2021 11:01am

Expensive purchase of RLNG: Power Division suggests recovery of losses from consumers

ISLAMABAD: The Petroleum Division is said to have recommended recovery of financial losses of billions of rupees ...

Updated 07 Sep, 2021 10:21am

Markets

Technology, energy stocks drive S&P 500 to record high

Weekly jobless claims fall
Quanta Services surges on deal
Netflix hits record high
Indexes up: Dow 0.33%, S&P 0.32%, Nasdaq 0.20%

Updated 02 Sep, 2021 07:54pm

Opinion

How to empower women in power

For a field as crucial to the modern world as energy, and one which equally impacts all people, women’s...

Published 01 Sep, 2021 03:59am

Markets

Green transition: Denmark to enhance cooperation in renewable energy sector

ISLAMABAD: Pakistan and Denmark have agreed to enhance bilateral cooperation, including high-level exchanges and...

Published 27 Aug, 2021 04:52am

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

Opinion

Don’t shoot the messenger

Last week, the media was abuzz about SAPM on power and petroleum Tabish Gauhar’s letter that he addressed to his...

Updated 08 Aug, 2021 02:24pm

Circular debt: World Bank, govt think deeply about steps

Minister for Energy informs delegation that Power Division had planned addition of considerable capacity in the existing transmission network by the end of current fiscal year for which funds had also been allocated

Updated 05 Aug, 2021 09:33am

Business & Finance

Pakistan can benefit from energy sector decarbonisation: World Bank

Senior official says Group remains committed to supporting Pakistan in its effort to transition to renewable energy and low-carbon development

Published 04 Aug, 2021 11:27am

Pakistan

Iranian ambassador meets Azhar

ISLAMABAD: Ambassador of Iran to Pakistan Seyed Mohammad Ali Hosseini called on Federal Minister for Energy Muhammad...

Published 13 Jul, 2021 03:22am

Structural reforms: IMF says more work needed

ISLAMABAD: The International Monetary Fund (IMF) on Thursday said that Pakistan requires to accelerate ...

Published 25 Jun, 2021 04:20am

Markets

TSX flat on dismal retail sales data; energy stocks gain

The energy sector climbed 1.4% as US crude prices were up 1.6% a barrel, while Brent crude added 1.3%.
The financials sector inched down 0.1% and the industrials sector fell 0.4%.

Published 23 Jun, 2021 07:35pm

Business & Finance

Profit on Debt: Bankers’ body approaches minister for reduction in tax rate

ISLAMABAD: After announcement of federal budget (2021-22), the Pakistan Banks Association (PBA) has again approached...

Published 23 Jun, 2021 04:26am

Markets

TSX stays in the red as BoC holds rates, financials fall

Toronto Stock Exchange's S&P/TSX composite index was down 74.52 points, or 0.37%, at 19,991.4.
Eight of the index's 11 major sectors were trading lower, led by the financials sector, which slipped 0.8%.

Published 09 Jun, 2021 08:28pm

Business & Finance

Gazprom earnings recover

MOSCOW: Russian energy giant Gazprom said Friday its earnings had recovered in the first quarter after last year’s...

Published 31 May, 2021 03:12am

Pakistan

Clarification

ISLAMABAD: A spokesperson for Ministry of Energy while commenting on a report titled "Bleeding Discos aren't...

Published 29 May, 2021 03:59am

BR Research

Bleeding discos’ aren’t stepchildren

The electricity distribution sector did make some progress last year (FY20) despite being hit by the pandemic. It...

Published 27 May, 2021 07:25am

Markets

NCC-FFP on energy sector informed: ‘Long-standing land acquisition issue of CASA-1000 transmission line resolved’

ISLAMABAD: The National Coordination Committee on Foreign-Funded Projects (NCC-FFP) on energy sector was informed, ...

Published 27 May, 2021 03:40am

Pakistan

Build-up in 10 months: Circular debt reduced by Rs189bn: Umar

ISLAMABAD: The Federal Minister for Planning, Development, and Special Initiatives, Asad Umar Tuesday said the...

Published 26 May, 2021 03:45am

Energy sector debt to be reduced by 38pc by FY21-end: PD

ISLAMABAD: The Power Division Tuesday said the energy sector debt will be reduced by 38 percent to Rs 330 billion at...

Published 26 May, 2021 03:45am

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

Gainers
Losers
Leaders

Stock	Price
786 Investments / Oct 23 786 Investments Limited(786)	7.00 ▼ 0.00 (0.00%)
AL- Abbas / Oct 23 Al-Abbas Sugar Mills Limited(AABS)	280.55 ▼ 0.00 (0.00%)
Agro Allianz / Oct 23 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 23 Allied Bank Limited(ABL)	78.78 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 23 Abbott Laboratories (Pakistan) Limited(ABOT)	770.00 ▼ 0.00 (0.00%)
Abson Ind. / Oct 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Oct 23 Attock Cement Pakistan Limited(ACPL)	135.26 ▼ 0.00 (0.00%)
Adam Sugar / Oct 23 Adam Sugar Mills Limited(ADAMS)	32.90 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Oct 23 786 Investments Limited(786)	7.00 ▼ 0.00 (0.00%)
AL- Abbas / Oct 23 Al-Abbas Sugar Mills Limited(AABS)	280.55 ▼ 0.00 (0.00%)
Agro Allianz / Oct 23 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 23 Allied Bank Limited(ABL)	78.78 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 23 Abbott Laboratories (Pakistan) Limited(ABOT)	770.00 ▼ 0.00 (0.00%)
Abson Ind. / Oct 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Oct 23 Attock Cement Pakistan Limited(ACPL)	135.26 ▼ 0.00 (0.00%)
Adam Sugar / Oct 23 Adam Sugar Mills Limited(ADAMS)	32.90 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 23	174.10
USD PKR Interbank Buying / Oct 23	174.00
USD to Japanese Yen / Oct 23	113.50
USD to Swiss Franc / Oct 23	0.92
Pound Sterling to USD / Oct 23	1.38
Euro to USD / Oct 23	1.16
UK LIBOR % / Oct 23	0.07

Stock	Volume
S&P 500 / Oct 23	4544.90
India Sensex / Oct 23	60821.62
Tokyo Nikkei / Oct 23	28804.85
Nasdaq / Oct 23	15090.20
Hang Seng / Oct 23	26126.93
FTSE 100 / Oct 23	7204.55
Dow Jones / Oct 23	35677.02
Germany DAX 30 / Oct 23	15542.98
France CAC40 / Oct 23	6733.69

Item	Value
Crude Oil / Oct 23	83.76
Karachi Cotton Assoc. / Oct 23	14880.00
Gold 10 Grams / Oct 23	99450.00
Gold Spot / Oct 23	1792.65
Cotton / Oct 23	108.26

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