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energy sector

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

Markets

China shares weighed down by energy firms, banks

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading.

Published 19 May, 2021 12:39pm

Markets

TSX falls on fear of higher interest rate

Toronto Stock Exchange's S&P/TSX composite index was down 52.47 points, or 0.27%, at 19,221.57.
The energy sector climbed 1.4% as US crude prices were up 0.9% a barrel, while Brent crude added 0.9%.

Published 12 May, 2021 07:45pm

Opinion

Energy puzzle

The macroeconomic focus is clearly transitioning to growth. To make it sustainable, the energy sector puzzle needs ...

Updated 09 May, 2021 10:47am

Energy sector entities’ sell-off: Inter-ministerial moot discusses steps to resolve issues

ISLAMABAD: Federal Minister for Privatisation, Mohammedmian Soomro Thursday chaired an inter-ministerial meeting to...

Published 07 May, 2021 04:35am

Markets

TSX edges higher on energy boost

Toronto Stock Exchange's S&P/TSX composite index was up 3.15 points, or 0.02%, at 19,216.31.
The energy sector climbed 0.7% as US crude prices were up 1.7% a barrel, while Brent crude added 1.7%.

Published 04 May, 2021 08:08pm

Pakistan

Saudi envoy meets ministers to finalise agenda prior to PM's visit

ISLAMABAD: Saudi Ambassador to Pakistan HE Nawaf bin Saeed Al-Maliki is reportedly holding meetings with different...

Updated 28 Apr, 2021 10:08am

In the event of moratorium on energy prices: Govt asked to spell out its circular debt alternate plans

ISLAMABAD: The International Monetary Fund (IMF) and World Bank (WB) are said to have sought alternate plans from ...

Updated 15 Apr, 2021 10:08am

Govt eyes to increase share of green energy to 30 per cent: NEPRA chairman

“Overall, the target of increasing the share of clean renewable energy including hydropower in the country is 60% in the next 10 years,” he said this while sharing his view with the participants of webinar ‘Impact of COVID on Energy Sector of Pakistan: Opportunities and Challenges,’ held by Sustainable Development Policy Institute (SDPI) here on Wednesday.

Updated 01 Apr, 2021 12:02am

Pakistan

Renewable energy sector: ‘KP offers huge prospects for public-private partnership’

PESHAWAR: Speakers at a dialogue stated that Khyber Pakhtunkhwa has offered huge prospects for public-private...

Updated 26 Mar, 2021 09:30am

Editorials

Tax exemptions

EDITORIAL: It was of course only a matter of time before the government caved in and accepted all of the...

Published 20 Mar, 2021 04:39am

Energy sector: IMF, govt agree to freeze circular debt at current level

ISLAMABAD: The Government and International Monetary Fund (IMF) have reportedly agreed to freeze the energy sector...

Published 06 Mar, 2021 05:01am

Opinion

‘Unsavoury truths about power tariffs’ – II

Higher tariff simply because of inefficiency is ensuring corruption all the way and we are doomed! We have ensured...

Published 03 Mar, 2021 05:49am

Editorials

Circular debt: PTI govt running around in circles

EDITORIAL: The government has informed the standing committee on finance that energy sector’s circular debt is...

Published 25 Feb, 2021 04:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 5	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 5 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 5 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 5 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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