Trends - power sector - Business Recorder

power sector

Demand picks up after austerity

Growth in the petroleum industry – indicated by growth in volumetric sales - by the oil marketing companies turned...

Published 08 Jul, 2021 08:23am

SNGPL says can meet only 50pc RLNG demand

ISLAMABAD: Power Division is reportedly in a state of shock as Sui Northern Gas Company Limited (SNGPL) has conveyed...

Updated 07 Jul, 2021 08:23am

Power sector ‘racket’ unearthed by World Bank

ISLAMABAD: The World Bank has unearthed a “racket” of 23 Pakistani companies which were awarded all contracts of...

Updated 07 Jul, 2021 08:20am

WB approves $800m for power sector, human capital

ISLAMABAD: The government of Pakistan and the World Bank, on Tuesday, signed two programme loan agreements worth ...

Published 30 Jun, 2021 03:54am

Business & Finance

Rs141.4bn tax-free AJK budget announced

MUZAFFARABAD: The PML-N led AJK government Tuesday presented tax-free budget for fiscal year 2021-22 here in the AJK...

Published 30 Jun, 2021 03:54am

Opinion

Power sector: Privatisation alone cannot fix burgeoning circular debt

In the 1990s Pakistan started off on an ambitious multi-step power sector reforms programme. It was a long and...

Published 26 Jun, 2021 03:24am

Markets

DISCOs face over 9000MW shortfall: CPPA

LAHORE: The power sector distribution companies (DISCOs) are facing over 9,000 megawatt shortfall of demand for...

Published 23 Jun, 2021 04:26am

Pakistan

CCI approves National Electricity Policy 2021 to reform power sector: Hammad

He said the past governments had been making abortive attempts to form such a policy, but failed to do so due to certain reasons such as lack of interest.

Updated 21 Jun, 2021 09:23pm

Country heading for fuel crisis?

ISLAMABAD: The country is likely to face another fuel crisis next month due to inordinate delay in decision making...

Published 19 Jun, 2021 03:23am

BR Research

Power subsidies: High yet adequate

Electricity tariffs are not going to go up in FY22. This is the loud and clear message from the budget document. The...

Published 15 Jun, 2021 07:30am

Budget 2021-22

Power subsidies raised by over 300pc

ISLAMABAD: The federal government has increased power sector subsidies by over 300 percent to Rs 510 billion for...

Published 12 Jun, 2021 05:04am

Circular debt may hit Rs2.7trn mark

ISLAMABAD: The energy sector's circular debt is likely to touch Rs 2.7 trillion in fiscal year 2021-22 in case the...

Published 05 Jun, 2021 04:08am

BR Research

Delayed adjustments come with a cost

The energy minister stamped the verdict the other day, what was becoming increasingly evident from the ...

Published 25 May, 2021 07:25am

Business & Finance

Power infrastructure development: Chinese company ready to cooperate

KUNMING: China Southern Power Grid Yunnan International is willing to cooperate in power grid and power...

Updated 24 May, 2021 08:30am

Business & Finance

Egyptian electrical giant acquires Pakistani transformers manufacturer

The multi-billion dollar company said that it plans to introduce its power inverters technology to boost the growth of the Pakistani company, in order to reach a production capacity of 5,500 MW.

Published 10 May, 2021 01:35pm

Business & Finance

Pakistan eyes KSA investment in power sector

During the visit, the Prime Minister’s consultations with the Saudi leadership will cover all areas of bilateral cooperation including economic, trade, investment, energy, job opportunities for Pakistani workforce, and welfare of Pakistani Diaspora in the Kingdom.

Published 07 May, 2021 12:05pm

Opinion

Generation capacity to be expanded only on 2 bases — II

It is really a fallacy that the latest decision in the shape of LNG-based power plant will have thermal efficiency ...

Published 06 May, 2021 03:49am

Govt yet to comply with some commitments

ISLAMABAD: The government has yet to fully comply with some of the commitments made to the International Monetary...

Published 06 May, 2021 03:49am

Opinion

PARTLY FACETIOUS: EVM: the neutral umpire?

“I would like to request, humbly request our Prime Minister to…” “Are you going to use cricket...

Published 04 May, 2021 04:26am

Opinion

Power sector PTI govt’s Achilles’ heel

It was Hammad Azhar’s first visit to the Private Power and Infrastructure Board (PPIB) as energy minister the ...

Published 02 May, 2021 03:23am

Pakistan

'Ill-planned' power sector to increase problems

KARACHI: Civil society activists have urged the government to establish a parliamentary commission to investigate...

Updated 28 Apr, 2021 10:08am

Editorials

Whither electricity tariffs

EDITORIAL: Federal Finance Minister Shaukat Tarin, together with members of the federal economic team as well as...

Published 26 Apr, 2021 03:29am

Azhar briefed about circular debt, other issues

ISLAMABAD: Federal Minister for Energy Muhammad Hammad Azhar obtained Wednesday a detailed briefing on matters...

Published 22 Apr, 2021 03:55am

Pakistan

Hammad Azhar takes detailed briefing on power sector

The Federal Minister was also briefed about the ongoing development projects under the organisations of Power Division.

Published 21 Apr, 2021 06:34pm

Business & Finance

Circular debt build-up has made power sector financially challenging, says Azhar

Secretary Power briefed Hamamd about the efforts being made for the reformation of the Power sector with a view to providing maximum relief to the electricity consumers.

Published 17 Apr, 2021 10:55am

Sector reforms: Azhar for following structured approach

ISLAMABAD: Minister for Finance, Revenue, Industries and Production, Hammad Azhar has underscored the need for...

Published 17 Apr, 2021 03:28am

BR Research

Subsidy reforms: massive price hike on the cards

Pakistan’s power sector has undergone first tariff restructuring in March 2021. The same would be visible in the...

Published 15 Apr, 2021 07:31am

Opinion

The power sector tariff dilemma

The biggest economic headache this government inherited in 2018 was energy circular debt, which has only exacerbated...

Published 11 Apr, 2021 05:27am

Opinion

Delays in resolution of power sector issues - bad signals for future investment

Delays in the resolution of the lingering deadlock between K-Electric and the Federal Government over the ...

Published 30 Mar, 2021 05:45am

BR Research

IMF is back

No surprise, as expected, the IMF programme is back. Four pending reviews (2nd to 5th) are completed and $500 ...

Published 26 Mar, 2021 07:25am

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Jun 8 Security Investment Bank Limited(SIBL)	5.03 ▲ 1.00 (24.81%)
Zephyr Textile / Jun 8 Zephyr Textiles Limited(ZTL)	9.98 ▲ 0.98 (10.89%)
Haseeb Waqas / Jun 8 Haseeb Waqas Sugar Mills Limited(HWQS)	5.50 ▲ 0.53 (10.66%)
Hussain Industries / Jun 8 Husein Industries Limited(HUSI)	12.55 ▲ 1.00 (8.66%)
Kohinoor Mills / Jun 8 Kohinoor Mills Limited(KML)	52.68 ▲ 3.68 (7.51%)
Colgate Palm / Jun 8 Colgate-Palmolive (Pakistan) Limited(COLG)	1801.55 ▲ 125.69 (7.50%)
Gatron Ind. / Jun 8 Gatron (Industries) Limited(GATI)	281.39 ▲ 19.63 (7.50%)
Khyber Tobacco / Jun 8 Khyber Tobacco Company Limited(KHTC)	489.02 ▲ 34.12 (7.50%)
Sunrays Textile / Jun 8 Sunrays Textile Mills Limited(SUTM)	123.63 ▲ 8.63 (7.50%)
Bunnys Limited / Jun 8 Bunnys Limited(BNL)	16.23 ▲ 1.13 (7.48%)

Stock	Price
Century Paper / Jun 8 Century Paper & Board Mills Limited(CEPB)	30.86 ▼ -24.67 (-44.43%)
Mod. Al-Mali (R) / Jun 8 Modaraba Al-Mali R(MODAMR1)	0.47 ▼ -0.13 (-21.67%)
Sindh Modaraba / Jun 8 Sindh Modaraba(SINDM)	7.20 ▼ -1.00 (-12.20%)
Pak Gulf Leasing / Jun 8 Pak-Gulf Leasing Company Limited(PGLC)	6.55 ▼ -0.84 (-11.37%)
PICIC Ins.Ltd. / Jun 8 PICIC Insurance Limited(PIL)	0.59 ▼ -0.06 (-9.23%)
P.I.A.C.(A) / Jun 8 Pakistan International Airlines Corp(PIAA)	3.53 ▼ -0.35 (-9.02%)
TPL Corp Ltd / Jun 8 TPL Corp Limited(TPL)	5.65 ▼ -0.55 (-8.87%)
JDW Sugar / Jun 8 JDW Sugar Mills Limited(JDWS)	370 ▼ -34.00 (-8.42%)
Bilal Fibres / Jun 8 Bilal Fibres Limited(BILF)	2.25 ▼ -0.19 (-7.79%)
Pak Leather / Jun 8 Pak Leather Crafts Limited(PAKL)	13.18 ▼ -1.07 (-7.51%)

Stock	Volume
WorldCall Telecom / Jun 8 Worldcall Telecom Limited(WTL)	79,599,537 ▼ -0.04
Unity Foods Ltd / Jun 8 Unity Foods Limited(UNITY)	28,717,723 ▲ 0.73
Telecard Limited / Jun 8 Telecard Limited(TELE)	16,584,665 ▼ -0.31
Pak Int.Bulk / Jun 8 Pakistan International Bulk Terminal(PIBTL)	15,416,500 ▼ -0.18
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	15,277,141 ▼ -0.20
Pak Refinery / Jun 8 Pakistan Refinery Limited(PRL)	11,614,238 ▼ -0.31
Bankislami Pak. / Jun 8 BankIslami Pakistan Limited(BIPL)	11,156,759 ▼ -0.48
TRG Pak Ltd / Jun 8 TRG Pakistan Limited(TRG)	9,934,796 ▼ -4.26
Fauji Foods Ltd / Jun 8 Fauji Foods Limited(FFL)	9,822,229 ▼ -0.11
P.I.A.C.(A) / Jun 8 Pakistan International Airlines Corp(PIAA)	8,850,000 ▼ -0.35

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 8	287.32
USD PKR Interbank Buying / Jun 8	287.12
USD to Japanese Yen / Jun 8	139.76
USD to Swiss Franc / Jun 8	0.91
Pound Sterling to USD / Jun 8	1.24
Euro to USD / Jun 8	1.07
UK LIBOR % / Jun 7	5.07

Stock	Volume
S&P 500 / Jun 7	4267.52
Nasdaq / Jun 7	13104.89
Dow Jones / Jun 7	33665.02
India Sensex / Jun 8	63203.02
Tokyo Nikkei / Jun 8	31605.11
Hang Seng / Jun 8	19177.52
FTSE 100 / Jun 8	7612.23
Germany DAX 30 / Jun 8	15994.38
France CAC40 / Jun 8	7222.68

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 7	20235
Gold 10 Grams PKR / Jun 7	194873
Crude Oil USD/Barrel / Jun 8	72.32
Gold Spot USD/Ounce / Jun 8	1946.62
Cotton US¢/pound / Jun 8	81.37

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