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PALSP

Scrap shortage crisis compounding: PALSP

ISLAMABAD: Due to lack of letters of credits (LCs) being opened, the domestic scrap shortage crisis is compounding...

Published 08 Mar, 2023 06:20am

Business & Finance

PALSP seeks govt’s support for export industry of recycled copper

LAHORE: Members of Pakistan Association of Large Steel Producers (PALSP) on Saturday appealed to the government to...

Published 05 Mar, 2023 03:36am

Steel industry concerned at interest rate hike

ISLAMABAD: The steel industry, on Thursday, urged the government to take immediate action to ensure the availability...

Updated 03 Mar, 2023 09:01am

Business & Finance

Severe shortage of rebars: PALSP again urges SBP to allow opening of LCs

ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) has again requested the State Bank of Pakistan ...

Published 21 Feb, 2023 05:57am

Steel industry: SBP urged to help resolve issue of LCs

ISLAMABAD: The steel industry of Pakistan, facing a severe crisis, has made an urgent appeal to the State Bank of...

Updated 06 Feb, 2023 09:09am

Business & Finance

LCs: steel sector says facing dire situation

ISLAMABAD: The steel industry is facing a critical situation as the State Bank of Pakistan (SBP) is still not...

Updated 31 Jan, 2023 08:58am

LC issue: PALSP threatens to shut down steel units

ISLAMABAD: The documented steel sector will be forced to close down its units for an indefinite period in case the...

Updated 23 Jan, 2023 09:18am

LCs: Large steel sector seeks govt’s help

ISLAMABAD: Pakistan Association of Large Steel Producers has urged the State Bank of Pakistan (SBP) and Minister for...

Updated 09 Jan, 2023 08:51am

Business & Finance

PALSP urges govt to appoint full-time chief of PSQCA

ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) has urged upon the government to appoint a ...

Published 27 Dec, 2022 06:07am

Business & Finance

Extra power for KE’s industrial users: Govt fails to implement its ‘support package’ decision: PALSP

ISLAMABAD: The government has failed to implement its decision of extending support package for additional...

Published 17 Dec, 2022 05:58am

Business & Finance

PALSP urges govt to switch to DST

ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) has urged the government to switch to Daylight...

Published 30 Nov, 2022 05:53am

Business & Finance

‘Windfall profits’ made by banks on LCs: Steel producers seek compensation from SBP

ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has urged the State Bank of Pakistan (SBP) to...

Published 23 Nov, 2022 05:55am

Business & Finance

Production, sale of substandard steel: PALSP urges govt to take necessary measures

ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) has urged the government to take all necessary...

Published 15 Nov, 2022 05:52am

Business & Finance

PALSP urges govt to help revive industry through release of ‘maximum’ PSDP funds

ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) on Tuesday urged the government to release maximum...

Published 26 Oct, 2022 06:46am

Incremental concessionary tariff: PALSP for ending ‘discrimination’ against Karachi’s trade, industry

ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) has sought Prime Minister and Power Minister’s...

Updated 08 Oct, 2022 10:44am

Business & Finance

PALSP urges SBP to reduce rate immediately

ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) has urged the State Bank of Pakistan (SBP) for...

Published 04 Oct, 2022 05:55am

Business & Finance

PALSP elects office-bearers for 2022-23

ISLAMABAD: Pakistan Association of Large Steel Producers announced election results and Saqib Riaz Tata of Naveena...

Published 01 Oct, 2022 04:20am

High interest rate, delay in LCs opening hurting steel industry

KARACHI: The country’s steel industry is facing a serious crisis due to higher interest rate and delay in opening...

Updated 15 Aug, 2022 10:32am

Prime/brand new steel: FBR asked to probe phenomenon of large-scale misdeclarations

FTO sets deadline of July 2022 for early submission of report

Updated 19 Jul, 2022 10:58am

Markets

‘Steel sector not making windfall profits’ FBR should avoid ‘targeted taxation’: PALSP

ISLAMABAD: The documented steel sector has claimed that the steel sector is not making any windfall profit margins...

Published 24 May, 2022 05:35am

Steel prices soar on rising raw material cost

KARACHI: The domestic prices of steel rebars for the first time in the history crossed Rs 200,000 per metric ton ...

Updated 08 Mar, 2022 10:09am

Business & Finance

Smuggling of steel products causing big revenue loss: PALSP

ISLAMABAD: The documented steel industry has estimated revenue loss of Rs 4.8 billion due the smuggling of steel...

Updated 21 Feb, 2022 09:22am

Pakistan

Extension of incremental consumption package for KE industrial consumers: PALSP irked by delay in issuance of notification

ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) has shown disappointment on inordinate delay in...

Published 10 Feb, 2022 04:40am

Business & Finance

Steel prices in North Region reduced: PALSP

ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) Saturday stated that the steel prices in North...

Published 23 Jan, 2022 05:17am

Steel bars: PALSP spells out reasons behind increase in prices

ISLAMABAD: The Federal Board of Revenue (FBR) will have major chunk of revenue on steel bars, following surge in its...

Updated 07 Jan, 2022 09:42am

PALSP demands mechanism to benefit local steel units

ISLAMABAD: The documented steel sector has urged upon the Federal Board of Revenue (FBR) to place a foolproof...

Updated 03 Dec, 2021 09:48am

Business & Finance

Non-food articles’ registration with PSQCA: Steel sector concerned at increase in marking fees

ISLAMABAD: The documented steel sector has expressed serious concern over a substantial increase in the marking fees...

Published 25 Nov, 2021 03:53am

Customs value: Steel sector moves FBR for parity with LME prices

ISLAMABAD: The documented steel sector, Monday, approached the Federal Board of Revenue (FBR) for immediate measures...

Updated 16 Nov, 2021 10:00am

Business & Finance

PALSP moves FBR for RD levy on wire rod import

ISLAMABAD: The documented steel sector has approached the Federal Board of Revenue (FBR) for immediate imposition of...

Published 11 Nov, 2021 05:20am

Business & Finance

Extension of incremental power consumption package: PALSP urges Tarin to issue notification

ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) has requested Finance Minister Shaukat Tarin to...

Published 28 Sep, 2021 05:12am

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Mar 31 Kohinoor Power Company Limited(KOHP)	4.38 ▲ 0.63 (16.80%)
PICIC Ins.Ltd. / Mar 31 PICIC Insurance Limited(PIL)	0.69 ▲ 0.08 (13.11%)
Supernet Ltd. / Mar 31 Supernet Limited(GEMSPNL)	11.90 ▲ 1.00 (9.17%)
Asim Textile / Mar 31 Asim Textile Mills Limited(ASTM)	6.48 ▲ 0.53 (8.91%)
Bata (Pak) / Mar 31 Bata Pakistan Limited(BATA)	2084.87 ▲ 145.45 (7.50%)
Khyber Tex. / Mar 31 Khyber Textile Mills Limited(KHYT)	427.22 ▲ 29.80 (7.50%)
Pak Engineering / Mar 31 Pakistan Engineering Company Limited(PECO)	325.40 ▲ 22.70 (7.50%)
Janana D Mal / Mar 31 Janana De Malucho Textile Mills Limited(JDMT)	44.42 ▲ 3.09 (7.48%)
Sindh Abadgar / Mar 31 Sindh Abadgar's Sugar Mills Limited(SASML)	14.50 ▲ 1.00 (7.41%)
Popular Islamic / Mar 31 Popular Islamic Modaraba(PIM)	8.75 ▲ 0.60 (7.36%)

Stock	Price
Pak Gulf Leasing / Mar 31 Pak-Gulf Leasing Company Limited(PGLC)	5.31 ▼ -0.89 (-14.35%)
Samba Bank / Mar 31 Samba Bank Limited(SBL)	6.75 ▼ -0.85 (-11.18%)
Pak Gen.Ins. / Mar 31 The Pakistan General Insurance Co. Ltd.(PKGI)	3.96 ▼ -0.49 (-11.01%)
Equity Modaraba / Mar 31 First Equity Modaraba(FEM)	6.10 ▼ -0.50 (-7.58%)
AL-Ghazi Tractors / Mar 31 Al-Ghazi Tractors Limited(AGTL)	270.73 ▼ -21.95 (-7.50%)
Philip Morris Pak. / Mar 31 Philip Morris (Pakistan) Limited(PMPK)	426.43 ▼ -34.57 (-7.50%)
Tri-Pack Films / Mar 31 Tri-Pack Films Limited(TRIPF)	126 ▼ -10.14 (-7.45%)
Khairpur / Mar 31 Khairpur Sugar Mills Limited(KPUS)	67.26 ▼ -5.41 (-7.44%)
Dawood Lawrencepur / Mar 31 Dawood Lawrencepur Limited(DLL)	210 ▼ -15.90 (-7.04%)
Bunnys Limited / Mar 31 Bunnys Limited(BNL)	15.81 ▼ -1.19 (-7.00%)

Stock	Volume
Pak Int.Bulk / Mar 31 Pakistan International Bulk Terminal(PIBTL)	12,120,000 ▲ 0.26
Pak Elektron / Mar 31 Pak Elektron Limited(PAEL)	6,523,000 ▲ 0.36
Telecard Limited / Mar 31 Telecard Limited(TELE)	6,211,500 ▼ -0.18
Engro Corp / Mar 31 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -4.49
WorldCall Telecom / Mar 31 Worldcall Telecom Limited(WTL)	4,946,279 ▲ 0.00
Hascol Petrol / Mar 31 Hascol Petroleum Limited(HASCOL)	4,863,500 ▲ 0.20
Pakgen Power / Mar 31 Pakgen Power Limited(PKGP)	4,421,500 ▲ 1.50
K-Electric Ltd. / Mar 31 K-Electric Limited(KEL)	4,361,174 ▲ 0.00
Agha Steel Ind. / Mar 31 Agha Steel Ind.Ltd(AGHA)	3,689,500 ▲ 0.07
Waves Corporation / Mar 31 Waves Corporation Limited(WAVES)	3,477,000 ▲ 0.45

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 31	283.85
USD PKR Interbank Buying / Mar 31	283.65
USD to Japanese Yen / Mar 31	132.94
USD to Swiss Franc / Mar 31	0.91
Pound Sterling to USD / Mar 31	1.24
Euro to USD / Mar 31	1.09
UK LIBOR % / Mar 30	4.81

Stock	Volume
S&P 500 / Mar 30	4050.83
Nasdaq / Mar 30	12013.47
Dow Jones / Mar 30	32859.03
India Sensex / Mar 31	58991.52
Tokyo Nikkei / Mar 31	28047.34
Hang Seng / Mar 31	20427.56
FTSE 100 / Mar 31	7628.03
Germany DAX 30 / Mar 31	15561.26
France CAC40 / Mar 31	7285.79

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 30	18935
Gold 10 Grams PKR / Mar 30	178241
Crude Oil USD/Barrel / Mar 31	74.31
Gold Spot USD/Ounce / Mar 31	1979.09
Cotton US¢/pound / Mar 31	83.42

PALSP

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