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PIA

Privatisation of SOEs: caretaker PM Kakar says ‘tangible results’ expected by mid-January

Pakistan International Airlines (PIA) on priority in sell-off list
Interim prime minister also dismisses notion that people leaving Pakistan sign of failure

Updated 24 Nov, 2023 10:03pm

Bilawal reiterates support to PIA employees

KARACHI: Completely throwing his weight behind the Pakistan International Airlines’ employees protest against...

Updated 20 Nov, 2023 09:03am

Opinion

Loss-making SOEs: all is not lost

This is apropos a Business Recorder op-ed “SOEs in Pakistan, India, and Bangladesh” carried by the newspaper on...

Published 17 Nov, 2023 06:06am

Opinion

SOEs in Pakistan, India, and Bangladesh

State-Owned Enterprises (SOEs) are a common feature in the economic landscapes of developing countries such as...

Published 15 Nov, 2023 06:09am

Caretaker govt tells Senate: PIA sell-off plan still there in line with IMF deal

Caretaker minister for Information and Broadcasting Murtaza Solangi says PIA is still present on the privatization list

Updated 11 Nov, 2023 05:08pm

Evaluation of PIA assets: PC Board approves Earnest and Young-led consortium as FA

ISLAMABAD: Privatisation Commission’s Board has approved Earnest and Young-led consortium as financial advisor (FA)...

Updated 11 Nov, 2023 09:34am

$26m dispute: PIACL reaches out-of-court settlement with AACL

ISLAMABAD: Pakistan International Airlines Corporation Limited (PIACL) is said to have reached out-of-court...

Updated 06 Nov, 2023 08:35am

Pakistan

Plea against PIA’s privatization: LHC seeks reply from Centre, others by 30th

LAHORE: The Lahore High Court on Friday sought reply from the federal caretaker government and others by November 30...

Published 04 Nov, 2023 06:00am

Funding PIA termed ‘challenging’ due to IMF programme

ISLAMABAD: Ministry of Privatisation has stated that arrangement of funds for Pakistan International Airlines (PIA)...

Updated 01 Nov, 2023 09:03am

Pakistan

PIA set to run more flights after credit line extended

ISLAMABAD: Pakistan International Airlines (PIA) said on Monday it should be able to run more flights in the coming...

Published 31 Oct, 2023 05:26am

PIA sell-off: Minister holds meeting with potential FAs

ISLAMABAD: The Minister for Privatisation held a meeting with potential financial advisors of the PIACL transaction...

Updated 31 Oct, 2023 09:57am

No sell-off will be allowed in the name of IMF terms: PPP

ISLAMABAD: Pakistan People’s Party (PPP) would not allow the caretaker government to privatise the government...

Updated 29 Oct, 2023 09:57am

Business & Finance

Fuel supply to PIA not suspended despite limited payments: PSO

ISLAMABAD: Pakistan State Oil (PSO) has once again stated that it has not suspended fuel supply to Pakistan...

Published 29 Oct, 2023 03:25am

Editorials

The trainwreck that is PIA

EDITORIAL: It seems the time has come for the curtain to fall on PIA (Pakistan International Airlines) – the...

Published 26 Oct, 2023 06:08am

Pakistan

Bid to smuggle electronic gadgets foiled

KARACHI: Pakistan Customs Airport Collectorate, Karachi on Tuesday foiled an attempt to smuggle substantial quantity...

Published 25 Oct, 2023 06:19am

Opinion

Unending travails of PIA, other SOEs

That the national air carrier has been in dire straits for quite some time is well known. Like Pakistan Steel Mills,...

Published 24 Oct, 2023 05:05am

Business & Finance

PSO restores fuel supply to at least 20 PIA flights

ISLAMABAD: Pakistan State Oil (PSO) restored fuel supply to at least 20 flights of Pakistan International Airlines...

Updated 24 Oct, 2023 08:40am

Business & Finance

Govt to provide all possible support to crisis-hit PIA, says Kakar

Caretaker Prime Minister Anwaar-ul-Haq Kakar on Monday stated the government would provide all possible support to...

Updated 23 Oct, 2023 09:28pm

PIA suspends its operations?

KARACHI: Pakistan International Airlines’ (PIA) flight operations were ‘completely suspended’, as 77 flights were...

Updated 23 Oct, 2023 08:44am

Editorials

SOEs: one step forward, two steps back

EDITORIAL: That successive governments have failed to complete much-needed reforms in a meaningful manner is a grim...

Published 20 Oct, 2023 05:17am

Pakistan

PIA grounds dozens of flights over fuel bills

ISLAMABAD: Country’s embattled national airline carrier this week cancelled dozens of domestic and international...

Published 19 Oct, 2023 05:10am

Business & Finance

PIA, Indonesian leasing company finalise deal on custody of two planes

ISLAMABAD: An agreement between the Indonesian company and Pakistan International Airline (PIA) has been finalized...

Published 16 Oct, 2023 05:47am

Opinion

Loss-making SOEs must be privatized

The SOEs are required to be privatised. This compulsion is driven by no other reason than that going forward, no...

Updated 14 Oct, 2023 06:09am

Almost all its vacant posts filled: PC moves to quicken SOEs’ sell-off process

ISLAMABAD: The Privatisation Commission filled on Thursday almost all the posts which had been lying vacant for long...

Updated 13 Oct, 2023 09:25am

PIA, other loss-making SOEs: PM for accelerating privatisation process

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday directed the Privatization Commission to...

Updated 12 Oct, 2023 08:45am

Pakistan

SOEs running into losses add to economic woes: PM Kakar

Interim prime minister directs for accelerating privatisation process of PIA

Published 11 Oct, 2023 10:58pm

Only core business of PIA to be offered: Fawad

ISLAMABAD: The core business of the PIA would be offered to potential buyers with current liabilities and assets...

Updated 11 Oct, 2023 08:44am

Business & Finance

Pakistan to appoint adviser as it privatises money-losing national airline

ISLAMABAD: Pakistan will appoint an adviser to draft a plan to privatise its money-losing national airline, the...

Updated 10 Oct, 2023 10:40pm

Opinion

South Asia towards greater regional air connectivity: Prospects and challenges

Air connectivity in South Asia needs a 360-degree vision. At the same time, air connectivity in the region will not...

Published 08 Oct, 2023 03:12am

Opinion

Implementation – a key challenge

The World Bank issues ‘policy advice’ to Pakistan, from time to time, on key reforms, structural weaknesses and...

Updated 07 Oct, 2023 06:42am

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Nov 28 Kohinoor Power Company Limited(KOHP)	4.88 ▲ 1.00 (25.77%)
Saritow Spinning / Nov 28 Saritow Spinning Mills Limited(SSML)	6.90 ▲ 0.90 (15.00%)
Power Cem(Pref) / Nov 28 Power Cement (Pref)(POWERPS)	8.60 ▲ 1.00 (13.16%)
Hira Textile / Nov 28 Hira Textile Mills Limited(HIRAT)	2.20 ▲ 0.24 (12.24%)
Service Textile / Nov 28 Service Industries Textiles Limited(SERT)	10.11 ▲ 1.00 (10.98%)
Bela Auto / Nov 28 Bela Automotives Limited(BELA)	7.29 ▲ 0.71 (10.79%)
Shaheen Ins. / Nov 28 Shaheen Insurance Company Limited(SHNI)	3.74 ▲ 0.29 (8.41%)
Premier Insurance / Nov 28 Premier Insurance Limited(PINL)	7.90 ▲ 0.58 (7.92%)
Saif Textile / Nov 28 Saif Textile Mills Limited(SAIF)	12.40 ▲ 0.88 (7.64%)
Calcorp / Nov 28 Calcorp Limited(CASH)	19.91 ▲ 1.39 (7.51%)

Stock	Price
F.Credit & Inv / Nov 28 First Credit and Investment Bank Limited(FCIBL)	5.53 ▼ -0.66 (-10.66%)
PICIC Ins.Ltd. / Nov 28 PICIC Insurance Limited(PIL)	0.90 ▼ -0.09 (-9.09%)
Pervez Ahmed Co / Nov 28 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.81 ▼ -0.07 (-7.95%)
Samba Bank / Nov 28 Samba Bank Limited(SBL)	7.85 ▼ -0.66 (-7.76%)
Universal Network (GEM) / Nov 28 Universal Network Systems Limited (GEM)(GEMUNSL)	38.54 ▼ -3.12 (-7.49%)
Metro Steel / Nov 28 Metropolitan Steel Corporation Limited(MSCL)	24.97 ▼ -2.02 (-7.48%)
Tandlianwala Sugar / Nov 28 Tandlianwala Sugar Mills Limited(TSML)	65.05 ▼ -4.95 (-7.07%)
Bank of Khyber / Nov 28 The Bank of Khyber(BOK)	11 ▼ -0.80 (-6.78%)
Hala Enterprise / Nov 28 Hala Enterprises Limited(HAEL)	10.75 ▼ -0.66 (-5.78%)
Punjab Mod / Nov 28 First Punjab Modaraba(FPJM)	1.60 ▼ -0.09 (-5.33%)

Stock	Volume
Kohinoor Spining / Nov 28 Kohinoor Spinning Mills Limited(KOSM)	109,392,000 ▲ 0.20
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	47,603,061 ▲ 0.08
Treet Corp. (R) / Nov 28 Treet Corporation Limited (R)(TREETR2)	24,352,497 ▼ -0.08
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	23,054,217 ▲ 0.24
Yousuf Weaving / Nov 28 Yousaf Weaving Mills Limited(YOUW)	22,758,500 ▼ -0.22
Maple Leaf Cement / Nov 28 Maple Leaf Cement Factory Limited(MLCF)	17,865,589 ▲ 0.26
D.G.K.Cement / Nov 28 D.G. Khan Cement Company Limited(DGKC)	15,655,201 ▲ 2.67
Agritech Limited / Nov 28 Agritech Limited(AGL)	15,233,500 ▲ 0.63
Pak Elektron / Nov 28 Pak Elektron Limited(PAEL)	14,205,993 ▼ -0.01
P.I.A.C.(A) / Nov 28 Pakistan International Airlines Corp(PIAA)	13,108,000 ▼ -0.06

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 28	285.85
USD PKR Interbank Buying / Nov 28	285.35
USD to Japanese Yen / Nov 28	148.25
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.26
Euro to USD / Nov 28	1.10
UK LIBOR % / Nov 27	5.46

Stock	Volume
S&P 500 / Nov 27	4550.43
Nasdaq / Nov 27	14241.02
Dow Jones / Nov 27	35333.47
India Sensex / Nov 28	65983.73
Tokyo Nikkei / Nov 28	33370.40
Hang Seng / Nov 28	17485.79
FTSE 100 / Nov 28	7442.27
Germany DAX 30 / Nov 28	15941.55
France CAC40 / Nov 28	7237.40

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17735
Gold 10 Grams PKR / Nov 27	185614
Crude Oil USD/Barrel / Nov 28	74.99
Gold Spot USD/Ounce / Nov 28	2015.58
Cotton US¢/pound / Nov 28	79.06

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