Trends - PIA - Business Recorder

PIA

Privatisation of SOEs: a focus on PIA

Pakistan’s economy is confronting numerous challenges like fiscal deficits, low savings, limited investment, low...

Updated 23 May, 2024 05:55am

Bidding process for PIA to be aired live: Aleem

Says everyone has contributed to PIA's destruction, no option left but to privatise it

Updated 23 May, 2024 11:01am

Pakistan

Catering van catches fire at JIAP

KARACHI: A catering van caught fire at Karachi's Jinnah International Airport on Tuesday, no damage was reported....

Published 22 May, 2024 05:54am

Business & Finance

PIA privatisation: Fly Jinnah, Air Blue among 8 entities that submit Statement of Qualifications

The Ministry of Privatisation said that it has received Statement of Qualifications from eight entities after the...

Published 17 May, 2024 07:22pm

Opinion

Pakistan’s economic crossroads

The socialist idea of central planning, which leads to a closed economy, has been followed by neoliberalism and...

Updated 17 May, 2024 06:12am

Pakistan

PIA privatisation: deadline for EoI submission not expected to be extended further

The deadline for companies to express their interest in buying national carrier Pakistan International Airlines...

Updated 16 May, 2024 10:43pm

Business & Finance

‘Ease of Doing Business’ and ‘One Stop Shop’: BoI’s fast-track platforms to boost investment: Aleem

ISLAMABAD: Federal Minister for Board of Investment, Privatization and Communications, Abdul Aleem Khan has said the...

Published 16 May, 2024 06:28am

PIACL sell-off: Pre-qualification process to be completed by May-end, PM told

ISLAMABAD: Prime Minister Shehbaz Sharif was apprised on Tuesday that the pre-qualification process for the...

Updated 15 May, 2024 09:17am

Business & Finance

CAA says news of resumption of flights to Europe premature

Says delegation left for Brussels on May 12 to attend forthcoming meeting of Air Safety Committee

Updated 13 May, 2024 09:14pm

Business & Finance

PIA’s privatisation: Call for utilisation of Turkish expertise

PESHAWAR: Prominent Businessman and Honorary Consul General of the Republic of Turkey, Salim Saifullah Khan has...

Published 13 May, 2024 06:08am

Pakistan

PIA to restore direct flights to Paris next month

KARACHI: Pakistan International Airlines (PIA) is gearing up to restore its direct flight operations to Paris next...

Updated 11 May, 2024 11:05pm

Business & Finance

Bidding for PIA core business to complete by June

ISLAMABAD: The federal government has set a target to complete, by June 2024, the bidding for Pakistan International...

Published 11 May, 2024 06:22am

Pakistan

PSO proposes swapping debt for stake in public sector companies

Everything will be done through competitive bidding and we will participate and if we win, the stakes will be offset against PSO’s receivables, says CEO Syed Muhammad Taha

Updated 09 May, 2024 10:28pm

SECP approves PIA’s Scheme of Arrangement

ISLAMABAD: The Securities and Exchange Commission of Pakistan has approved the Scheme of Arrangement between...

Updated 07 May, 2024 09:22am

CCP passes merger order: Holdco acquires 100pc stake of PIACL

Holdco now holds all the liabilities, and subsidiaries of PIA, including its business, property, rights, and obligations both domestically and internationally

Updated 05 May, 2024 01:52pm

Editorials

PPP puts its full weight behind PPP

EDITORIAL: Bilawal Bhutto Zardari, Chairman of the Pakistan People’s Party (PPP), on the occasion of the...

Published 04 May, 2024 05:48am

Business & Finance

Privatisation process of PIACL: CCP gives green light to SOA

ISLAMABAD: The Competition Commission of Pakistan (CCP) has given the green light to the Scheme of Arrangement (SoA)...

Updated 04 May, 2024 04:44pm

Markets

Buying spree returns as KSE-100 closes near 72,000 with 1,244-point gain

Benchmark index gains 1.76% amid developments on privatisation front

Updated 03 May, 2024 10:46pm

Active privatisation list: Six additional public sector entities added

ISLAMABAD: The federal government, on Thursday, added six additional public sector entities in active privatisation...

Updated 03 May, 2024 09:20am

PIA sell-off: EoIs submission deadline extended

ISLAMABAD: Federal Minister for Privatisation, Abdul Aleem Khan has announced that the government extended the...

Updated 03 May, 2024 07:19am

Pakistan

Arif Habib, Gerry’s Group among 10 bidders as Pakistan pushes back deadline for EoI to buy PIA

ISLAMABAD: Islamabad will push back the deadline for companies to express interest in buying national carrier...

Updated 03 May, 2024 09:30am

Pakistan

Rains return to UAE, PIA suspends flights to Dubai, Sharjah

Pakistan International Airlines (PIA) on Thursday suspended flight operations to Dubai and Sharjah as heavy rains...

Published 02 May, 2024 09:37pm

SOEs privatisation: PPP for exploring public-private partnerships

KARACHI: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari has advocated for a pragmatic approach towards...

Updated 02 May, 2024 09:22am

Opinion

PIA privatisation

As Pakistan International Airlines Corporation (PIA) faces the prospect of privatization, it is imperative to...

Published 28 Apr, 2024 02:56am

Opinion

Will policymakers heed the advice?

Over the last several months, global lenders, IFIs, and credit rating agencies have been forthcoming in their views...

Updated 27 Apr, 2024 05:30am

Transparency in PIA privatisation stressed: Validity of Afghan refugees’ POR cards extended

ISLAMABAD: The federal cabinet has approved the extension in validity of proof of registration (POR) cards of Afghan...

Updated 27 Apr, 2024 02:34pm

Business & Finance

Tax administration & relevant laws: Business community supports PM’s resolve

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 27 Apr, 2024 05:03am

Business & Finance

PIA restructuring: 2 milestones achieved

ISLAMABAD: Two significant milestones were achieved in the restructuring of the Pakistan International Airlines...

Published 23 Apr, 2024 03:41am

Pakistan

PIA planning to commence operations to Europe

KARACHI: The Pakistan International Airlines (PIA), after reporting operating profits for the first time in 13 ...

Published 21 Apr, 2024 04:10am

Business & Finance

PIA planning to commence operations to Europe

KARACHI: The Pakistan International Airlines (PIA), after reporting operating profits for the first time in 13 ...

Published 21 Apr, 2024 04:10am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 23	278.42
USD PKR Interbank Buying / May 23	278.22
USD to Japanese Yen / May 23	156.74
USD to Swiss Franc / May 23	0.91
Pound Sterling to USD / May 23	1.27
Euro to USD / May 23	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20
France CAC40 / May 22	8092.11
India Sensex / May 23	74667.86
Tokyo Nikkei / May 23	39034.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 22	19935
Gold 10 Grams PKR / May 22	212791
Petrol/Litre / May 23	273.10
Crude Oil USD/Barrel / May 23	76.94
Gold Spot USD/Ounce / May 23	2362.37
Diesel/Litre / May 23	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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