Trends - Pakistan Steel Mills - Business Recorder

Pakistan Steel Mills

Soomro stresses need to revive PSM

The aim of the weekly meeting was to identify the bottlenecks in each transaction at every stage and there has been a considerable progress in 18 identified entities.

Published 19 May, 2021 07:01pm

Pakistan

PSM oxygen plant could be made operational in three months, says CM Murad

CM says the Sindh government is ready to spend Rs1 billion for making the Steel Mill oxygen plant operational as the country, especially the province would need oxygen supplies in case of a surge in coronavirus cases
Improving oxygen supplies would enable the provincial government in ensuring the proper treatment of critical patients: Murad

Updated 04 May, 2021 02:38pm

Business & Finance

Meeting reviews revival of PSMC

ISLAMABAD: Federal Minister for Privatisation Mohammed Mian Soomro and Minister for Industries and Production Khusro...

Published 01 May, 2021 03:28am

PSM sell-off process hits a snag

ISLAMABAD: The privatisation process of Pakistan Steel Mills (PSM) has reportedly hit a snag as Chairman PSM Board...

Updated 30 Apr, 2021 09:27am

Business & Finance

PSM oxygen plant may not be made operational, says Faraz

ISLAMABAD: Pakistan Steel Mills (PSM) oxygen plant may not be made operational in an emergency due to some problems,...

Updated 27 Apr, 2021 10:05am

Valuation of PSM assets: PC eagerly waiting for endorsement

ISLAMABAD: Privat-isation Commission (PC) is eagerly waiting for endorsement of valuation of Pakistan Steel Mills...

Updated 24 Apr, 2021 10:32am

PC’s body to finalize price of PSM assets, wording for EoI

ISLAMABAD: Privatisation Commission’s (PC’s) Transaction Committee is to meet on Tuesday (today) to finalise the...

Published 06 Apr, 2021 04:23am

Opinion

Govt dithering over whether to privatise PSM?

According to a Business Recorder news item “PSM transaction: Ministers briefed about probable timelines” carried...

Updated 05 Apr, 2021 10:42am

Constitution of board for PSM subsidiary proposed

ISLAMABAD: Ministry of Industries and Production (MoI&P) has proposed constitution of a seven-member board for a...

Published 30 Mar, 2021 05:45am

More PSM employees retrenched

ISLAMABAD: The management of Pakistan Steel Mills (PSM) has fired another batch of over 500 employees with immediate...

Published 23 Mar, 2021 04:37am

Pakistan

Challenges being tackled through reforms: minister

LAHORE: Federal Minister for Maritime Affairs Ali Haider Zaidi on Friday said that reforms were well on the way and...

Published 20 Mar, 2021 04:39am

Business & Finance

Inter-ministerial: Weekly progress review meeting on PSM held

ISLAMABAD: The Privatisation Commission, on Wednesday, held an inter-ministerial weekly progress review meeting on...

Updated 04 Mar, 2021 09:33am

PSM LoI to be published at the end of month

ISLAMABAD: The federal government is to publish a Letter of Intent (LoI) of Pakistan Steel Mills (PSM) at the end of...

Updated 03 Mar, 2021 09:35am

PSM to pay Rs93.2m for ‘violating’ contract

ISLAMABAD: Pakistan Steel Mills (PSM) is to pay Rs 93.2 million as settlement amount to M/s Ocean Wide Services for...

Published 27 Feb, 2021 04:29am

Pakistan

ECC meeting deferred due to govt employees protest

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet convened to take the issue of the...

Published 11 Feb, 2021 04:34am

Beleaguered PSM faces shutdown prospect

ISLAMABAD: The Supreme Court (SC) on Thursday hinted at closing down the Pakistan Steel Mills (PSM), if the...

Updated 05 Feb, 2021 10:05am

Pakistan

CJP holds management responsible for PSM's downfall, says will order its closure

Justice Gulzar says mills that have been closed don’t need officers
Remove all officers and then start sacking the employees, remarks CJP

Updated 04 Feb, 2021 04:38pm

Pakistan

PSM deposits another installment of Rs35.4m with EOBI

KARACHI: Pakistan Steel Mills (PSM) Management has deposited another installment of Rs 35.4 million in respect of...

Updated 03 Feb, 2021 09:19am

Pakistan

Employees not responsible for PSM’s destruction: Kamal

KARACHI: Pak Sarzameen Party chairman Syed Mustafa Kamal on Wednesday said that the employees of Pakistan Steel ...

Published 28 Jan, 2021 04:40am

Pakistan

PSM sell-off progress reviewed

ISLAMABAD: A review meeting for the revival of the Pakistan Steel Mills (PSM) was held jointly by the Minister for...

Updated 27 Jan, 2021 09:51am

Business & Finance

Govt to complete valuation of PSM core assets by January end

The meeting was informed that the revival of PSM would be undertaken as per the approved decision of CCoP/ Cabinet.

Published 26 Jan, 2021 03:26pm

NA body asks govt to reinstate PSM employees

ISLAMABAD: The National Assembly (NA) Standing Committee on Industries and Production Wednesday while rejecting the...

Published 07 Jan, 2021 03:15am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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