Trends - GIDC - Business Recorder

GIDC

GIDC collection: Rs341bn remains un-utilised

No Gas Infrastructure Development Cess collection has been released to Inter State Gas Systems (Private) Limited (ISGS) since its establishment in 1996

Updated 22 Nov, 2023 10:06am

Rs327bn hike in PL proposed

ISLAMABAD: Federal government has proposed to increase the petroleum levy (PL) on petroleum products by Rs 327...

Published 10 Jun, 2023 04:47am

Opinion

Imagineering implementation of energy reforms-VII

Pakistan requires sustained GDP growth of 7-9% for 30 years. For that, by 2030 Agriculture will need to achieve 6%...

Published 04 Jun, 2023 03:35am

Business & Finance

Recovery of Rs445bn GIDC: Petroleum Div seeks help of AGP

ISLAMABAD: The Petroleum Division has sought the Attorney General of Pakistan (AGP)’s assistance in recovering Rs...

Published 07 Mar, 2023 03:16am

PD’s help sought for settlement of PPL receivables of Rs132.11bn against Genco-II

ISLAMABAD: Directorate General of Gas of the Petroleum Division (PD) has sought help from the division for the...

Updated 19 Feb, 2023 02:49pm

Body tasked to achieve budgeted GIDC target

Out of the total outstanding amount on account of GIDC, Rs 16 billion amount is outstanding against state-owned OGDCL, PPL due to circular debt.

Updated 19 Feb, 2023 07:28pm

Dar concerned at non-recovery of Rs447bn GIDC

Finance minister, according to Finance Division, has expressed serious concerns over the non-recoveries of Cess dues and expressed resolve of the government to recover each penny from the defaulters

Updated 27 Dec, 2022 09:44am

Editorials

GIDC collection remains as elusive as ever

EDITORIAL: Earlier this week, the Public Accounts Committee of the National Assembly of Pakistan was told that a...

Published 30 Sep, 2022 05:52am

FCA mechanism: KE seeks record Rs11.33 per unit hike for May

ISLAMABAD/KARACHI: K-Electric (KE) has sought unprecedented hike of Rs 11.33 per unit in its tariff to pass on...

Updated 24 Jun, 2022 10:18am

Budget 2022-23

455pc hike in PL proposed

ISLAMABAD: Reliance on petroleum levy (PL) has been proposed to be raised by 455 percent in federal budget 2022-23...

Updated 11 Jun, 2022 10:08am

PD finalising draft of new Petroleum Levy Ordinance

ISLAMABAD: The Petroleum Division is in the process of finalising the draft of a new Petroleum Levy Ordinance, 2020,...

Updated 13 Aug, 2021 11:15am

Markets

FFC announces half-yearly results

KARACHI: In the meeting of Board of Directors of Fauji Fertilizer Company Limited (FFC) held on July 30, 2021, the...

Published 03 Aug, 2021 04:35am

Pakistan

LHC declares recovery of GIDC by SNGPL before 2015 illegal

LAHORE: The Lahore High Court on Saturday declared recovery of Gas Infrastructure Development Cess (GIDC) by Sui...

Published 27 Jun, 2021 03:56am

Russia, Pakistan agree to build Pakistan Stream gas pipeline

MOSCOW/ISLAMABAD: Russia and Pakistan have signed an agreement to build the Pakistan Stream gas pipeline, Russia's...

Published 29 May, 2021 03:59am

Technology

Huawei CEO hopes for 'open policy' from Biden administration

With China's huge domestic market, Huawei will likely survive but not without major changes, said Nicole Peng, analyst with Canalys.

Published 09 Feb, 2021 09:51am

Business & Finance

FFC achieves net profitability of Rs20.82bn

KARACHI: Fauji Fertilizer Company (FFC) has announced its financial results for the year ended December 31, 2020 ...

Updated 29 Jan, 2021 09:40am

Business & Finance

GIDC Issue: Hafeez Shaikh directs to form two separate sub-groups

The development comes during two separate meetings with representatives from the fertilizer industry and All Pakistan Textile Mills Association to discuss the GIDC issue on Friday.

Published 11 Sep, 2020 04:20pm

Markets

How much GIDC will each company pay? As govt orders to initiate recovery

These sectors collected Rs295.4 billion during the last ten years whereas the outstanding amount against them is Rs456.946 billion.

Published 20 Aug, 2020 11:49am

Supreme Court issues detailed verdict of GIDC case

Justice Faisal Arab of the Supreme Court wrote a detailed decision of 78 pages. The decision was written by a majority of 2-1.

Published 13 Aug, 2020 03:39pm

Markets

GIDC Case: Supreme Court orders companies to pay Rs 417 billion

The panel rejected the petitions in a 2-1 verdict, ordering the companies to pay the Gas Infrastructure Development Cess.

Updated 17 Aug, 2020 12:48pm

Gainers
Losers
Leaders

Stock	Price
Haseeb Waqas / Nov 30 Haseeb Waqas Sugar Mills Limited(HWQS)	10.38 ▲ 1.00 (10.66%)
Bela Auto / Nov 30 Bela Automotives Limited(BELA)	8.79 ▲ 0.81 (10.15%)
Dewan Sugar / Nov 30 Dewan Sugar Mills Limited(DWSM)	2.70 ▲ 0.21 (8.43%)
Sec. Inv. Bank / Nov 30 Security Investment Bank Limited(SIBL)	6.50 ▲ 0.46 (7.62%)
Bannu Woollen / Nov 30 Bannu Woollen Mills Limited(BNWM)	30.21 ▲ 2.11 (7.51%)
Chashma / Nov 30 Chashma Sugar Mills Limited(CHAS)	65.58 ▲ 4.58 (7.51%)
Crescent Steel / Nov 30 Crescent Steel & Allied Products Limited(CSAP)	43.53 ▲ 3.04 (7.51%)
IBL HealthCare / Nov 30 IBL HealthCare Limited(IBLHL)	39.95 ▲ 2.79 (7.51%)
Atlas Honda Ltd / Nov 30 Atlas Honda Limited(ATLH)	373.27 ▲ 26.04 (7.50%)
MithchellsFruit / Nov 30 Mitchells Fruit Farms Limited(MFFL)	245.32 ▲ 17.12 (7.50%)

Stock	Price
Nazir Cotton Mills / Nov 30 Nazir Cotton Mills Limited(NCML)	3.07 ▼ -0.83 (-21.28%)
Trust Mod. / Nov 30 Trust Modaraba(TRSM)	1.43 ▼ -0.17 (-10.63%)
Dar-es-Salaam / Nov 30 Dar-es-Salaam Textile Mills Limited(DSML)	8.30 ▼ -0.95 (-10.27%)
Trust Sec.& Brok. / Nov 30 Trust Securities & Brokerage Limited(TSBL)	9.06 ▼ -0.94 (-9.40%)
Jahangir Sidd(Pref) / Nov 30 Jahangir Sidd(Pref)(JSCLPSA)	8.51 ▼ -0.74 (-8.00%)
Ideal Sp. / Nov 30 Ideal Spinning Mills Limited(IDSM)	14.66 ▼ -1.19 (-7.51%)
AKD Hospitality / Nov 30 AKD Hospitality Limited(AKDHL)	159.28 ▼ -12.91 (-7.50%)
Blessed Tex. / Nov 30 Blessed Textiles Limited(BTL)	317.28 ▼ -25.72 (-7.50%)
Universal Network (GEM) / Nov 30 Universal Network Systems Limited (GEM)(GEMUNSL)	32.99 ▼ -2.67 (-7.49%)
Metro Steel / Nov 30 Metropolitan Steel Corporation Limited(MSCL)	21.37 ▼ -1.73 (-7.49%)

Stock	Volume
B.O.Punjab / Nov 30 The Bank of Punjab(BOP)	50,052,966 ▼ -0.21
Cnergyico PK / Nov 30 Cnergyico PK Limited(CNERGY)	35,689,157 ▼ -0.07
Pak Refinery / Nov 30 Pakistan Refinery Limited(PRL)	35,409,231 ▼ -0.13
Fauji Fert Bin / Nov 30 Fauji Fertilizer Bin Qasim Limited(FFBL)	32,650,500 ▲ 1.67
WorldCall Telecom / Nov 30 Worldcall Telecom Limited(WTL)	30,751,189 ▼ -0.01
Fauji Foods Ltd / Nov 30 Fauji Foods Limited(FFL)	30,039,307 ▲ 0.58
Kohinoor Spining / Nov 30 Kohinoor Spinning Mills Limited(KOSM)	23,573,500 ▼ -0.20
The Searle Co. / Nov 30 The Searle Company Limited(SEARL)	21,694,598 ▼ -0.38
Dewan Cement / Nov 30 Dewan Cement Limited(DCL)	21,032,000 ▲ 0.07
Fauji Cement / Nov 30 Fauji Cement Company Limited(FCCL)	15,482,500 ▲ 0.67

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	147.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.27
Euro to USD / Nov 30	1.10
UK LIBOR % / Nov 29	5.46

Stock	Volume
S&P 500 / Nov 29	4550.58
Nasdaq / Nov 29	14258.49
Dow Jones / Nov 29	35430.42
India Sensex / Nov 30	66809.11
Tokyo Nikkei / Nov 30	33486.89
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7437.50
Germany DAX 30 / Nov 30	16203.24
France CAC40 / Nov 30	7279.08

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 29	17735
Gold 10 Grams PKR / Nov 29	185614
Crude Oil USD/Barrel / Nov 30	78.06
Gold Spot USD/Ounce / Nov 30	2044.28
Cotton US¢/pound / Nov 30	79.69

Avari Hotels, Avari family target of alleged blackmail & vilification campaign

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