Trends - PSM - Business Recorder

PSM

Pakistan Steel Mills: Meeting held with pre-qualified bidders, PC

ISLAMABAD: A meeting with pre-qualified bidders of Pakistan Steel Mills (PSM) and Privatisation Commission (PC) was...

Updated 20 May, 2022 10:32am

Pakistan

Minister reviews ongoing privatisation programme

ISLAMABAD: The Privatisation Commission on Wednesday held a review meeting on ongoing privatisation programme....

Published 10 Feb, 2022 04:40am

Markets

Afghan iron ore: FPCCI explains how PSM can be revived

ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has urged Federal Government to tap...

Published 10 Feb, 2022 04:40am

Senate panel told: EoI for PSM sell-off to be invited by May

ISLAMABAD: The Expression of Interest (EoI) for the privatisation of Pakistan Steel Mills (PSM) will be invited by...

Updated 14 Jan, 2022 09:51am

Pakistan

PSM, HEC: Sell-off matters discussed

ISLAMABAD: The matters related to the transaction of the Pakistan Steel Mills (PSM) and the Heavy Electrical Complex...

Published 30 Dec, 2021 04:40am

Pakistan

PC reviews sell-off status of PSM, other entities’

ISLAMABAD: The Privatisation Commission Wednesday reviewed the ongoing progress on privatisation programme including...

Published 16 Dec, 2021 04:00am

SOEs: PC sets sell-off target

The Privatization Commission has set a target to complete the privatisation of one dozen state-owned entities

Updated 14 Dec, 2021 01:08pm

Purchase of up to 74pc shares of PSM: PC yet to receive Statement of Qualifications

ISLAMABAD: Privatisation Commission (PC) is yet to receive Statement of Qualifications (SoQ) from the...

Updated 08 Dec, 2021 09:39am

Pakistan

Exclusive economic zone: Foreign vessels not allowed to fish, NA told

ISLAMABAD: Minister for Maritime Affairs Ali Haider Zaidi said that foreign fishing vessels are not being allowed to...

Published 13 Nov, 2021 04:08am

Business & Finance

Wide-ranging cooperation on the cards: Russia shows interest in PSM revival

ISLAMABAD: While showing concern at the slow pace of implementation of previous pacts, Russia has shown an interest...

Updated 01 Nov, 2021 10:24am

Pakistan

PSM ‘feeding white elephants’ since its closure, AGP tells PAC

ISLAMABAD: The Auditor General of Pakistan (AGP), on Wednesday, revealed that Pakistan Steel Mills (PSM) has been...

Published 21 Oct, 2021 04:38am

PSM seeks NOC from Nepra to transfer generation licence to Steel Corp

ISLAMABAD: Pakistan Steel Mills (PSM) has applied to National Electric Power Regulatory Authority (Nepra) for a No...

Updated 17 Oct, 2021 12:42pm

Business & Finance

PSM transaction: SOA, corporate actions on the agenda

ISLAMABAD: An important meeting of the Privatisation Division with Minister for Industries and Production has been...

Published 14 Oct, 2021 04:14am

PSM: PC declines to identify interested parties

ISLAMABAD: Privatisation Commission (PC) has refused to disclose the names of investors who have submitted Letters ...

Updated 04 Oct, 2021 09:38am

PSM plan hamstrung by investor concerns over future litigation

ISLAMABAD: Privatisation Commission (PC) is reportedly facing a catch 22 situation with respect to privatisation of...

Updated 27 Sep, 2021 09:46am

Pakistan

Roadshows conclude: PSM sell-off to be as per CCoP-approved plan: Soomro

KARACHI: A number of investors from Russia, China, and Korea besides local investors have expressed interest in...

Updated 24 Sep, 2021 02:10pm

Revival of Pakistan Steel Mills: PC holds meeting with S. Korea-China consortium

ISLAMABAD: Privatisation Commission on Friday held meeting with renowned investors' consortium from Korea and China...

Updated 18 Sep, 2021 10:27am

PSM attracts investor interest; revival in sight

Investment companies from China, Russia, and Korea show keen interest in investing in Pakistan Steel Mills due to its sheer potential

Updated 16 Sep, 2021 09:20am

Roadshows begin for PSM revival

Two international investment companies/potential investors were briefed about the revival of Pakistan Steel Mills

Updated 14 Sep, 2021 10:29am

PSM: PC all set to issue EoI

ISLAMABAD: Privatisation Commission (PC) is all set to issue Expression of Interest (EoI) on Tuesday (today) for...

Published 31 Aug, 2021 04:41am

Steel Corp: Divestment of stakes to be approved

ISLAMABAD: The federal government will approve divestment of 51-74% equity stakes of Steel Corp. (Pvt) Ltd, a...

Updated 17 Aug, 2021 09:56am

Pakistan

Various state-owned entities: PC sets new dates for completion of sell-off

ISLAMABAD: The Privatisation Commission has set new dates for completion of privatisation of various state-owned...

Published 30 Jul, 2021 05:10am

Tarin for two more valuations of PSM assets

ISLAMABAD: Finance Minister, Shaukat Tarin has sought two more valuations of assets of Pakistan Steel Mills (PSM) as...

Updated 09 Jul, 2021 02:49pm

Business & Finance

Pakistan Steel Mills: Sell-off process hangs in balance

ISLAMABAD: The privatisation process of Pakistan Steel Mills (PSM) is reportedly hanging in the balance due to...

Published 07 Jun, 2021 03:34am

3.2m lost jobs due to Covid-19

KARACHI: Along with over 3 million employment loss, around 6.7 million employees experienced a fall in their income...

Published 04 Jun, 2021 05:06am

Pakistan

PC to reconsider valuation of PSM today

ISLAMABAD: The Board of Privatisation Commission (PC), which is scheduled to meet on Thursday (June 3), is all set ...

Published 03 Jun, 2021 04:13am

Pakistan

PPP responsible for losses of PSM: Dr. Shahbaz Gill

Gill said despite COVID-19 pandemic, Prime Minister introduced policies to open the business and drive the industrial wheel of the country.

Published 26 May, 2021 07:36pm

Valuation of mills: PC, PSM board not on the same page

ISLAMABAD: Privatisation Commission (PC) and Pakistan Steel Mills (PSM) Board of Directors (BoD) are reportedly not...

Published 22 May, 2021 04:05am

Pakistan

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 to be revived at cost of Rs1bn in 3 months: CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that keeping in view the coronavirus situation, his...

Updated 05 May, 2021 10:35am

Gainers
Losers
Leaders

Stock	Price
Askari Life Assur. / May 24 Askari Life Assurance Company Limited(ALAC)	6.88 ▲ 0.88 (14.67%)
PICIC Ins.Ltd. / May 24 PICIC Insurance Limited(PIL)	0.90 ▲ 0.09 (11.11%)
Punjab Mod / May 24 First Punjab Modaraba(FPJM)	1.89 ▲ 0.18 (10.53%)
Khurshid Spinning / May 24 Khurshid Spinning Mills Limited(KHSM)	10.65 ▲ 1.00 (10.36%)
B. F. Mod. / May 24 B.F. Modaraba(BFMOD)	8.50 ▲ 0.70 (8.97%)
ECOPACK Ltd / May 24 Ecopack Limited(ECOP)	25.80 ▲ 1.80 (7.50%)
Dadex Eternit / May 24 Dadex Eternit Limited(DADX)	83.96 ▲ 5.85 (7.49%)
Burshane LPG / May 24 Burshane LPG (Pakistan) Limited(BPL)	20.43 ▲ 1.42 (7.47%)
Panther Tyres L / May 24 Panther Tyres Ltd.(PTL)	27.33 ▲ 1.90 (7.47%)
Sapphire Textile / May 24 Sapphire Textile Mills Limited(SAPT)	1078.00 ▲ 73.45 (7.31%)

Stock	Price
Dewan Textile / May 24 Dewan Textile Mills Limited(DWTM)	2.21 ▲ -0.83 (-27.30%)
Grays Leasing / May 24 Grays Leasing Limited(GRYL)	2.99 ▲ -0.51 (-14.57%)
Unicap Modaraba / May 24 Unicap Modaraba(UCAPM)	1.63 ▲ -0.27 (-14.21%)
Mod.Al-Mali / May 24 Modaraba Al-Mali(MODAM)	5.87 ▲ -0.93 (-13.68%)
Ashfaq Textile / May 24 Ashfaq Textile Mills Limited(ASHT)	6.12 ▲ -0.73 (-10.66%)
Pak Gen.Ins. / May 24 The Pakistan General Insurance Co. Ltd.(PKGI)	10.00 ▲ -0.99 (-9.01%)
Zephyr Textile / May 24 Zephyr Textiles Limited(ZTL)	10.50 ▲ -1.00 (-8.70%)
Ghazi Fabrics / May 24 Ghazi Fabrics International Limited(GFIL)	5.50 ▲ -0.50 (-8.33%)
Land Mark Spinning / May 24 Landmark Spinning Industries Limited(LMSM)	11.76 ▲ -1.00 (-7.84%)
Ellcot Spinning / May 24 Ellcot Spinning Mills Limited(ELSM)	134.13 ▲ -10.87 (-7.50%)

Stock	Volume
Pak Refinery / May 24 Pakistan Refinery Limited(PRL)	15,636,055 ▼ 0.00
Silk Bank Ltd / May 24 Silkbank Limited(SILK)	14,554,000 ▼ 0.00
TPL Properties / May 24 TPL Properties Limited(TPLP)	9,589,726 ▼ 0.00
Ghani Glo Hol / May 24 Ghani Global Holdings Limited(GGL)	8,981,293 ▼ 0.00
Cnergyico PK / May 24 Cnergyico PK Limited(CNERGY)	8,271,584 ▼ 0.00
Unity Foods Ltd / May 24 Unity Foods Limited(UNITY)	6,753,557 ▼ 0.00
Maple Leaf / May 24 Maple Leaf Cement Factory Limited(MLCF)	6,437,722 ▼ 0.00
TRG Pak Ltd / May 24 TRG Pakistan Limited(TRG)	6,426,078 ▼ 0.00
WorldCall Telecom / May 24 Worldcall Telecom Limited(WTL)	5,741,000 ▼ 0.00
Fauji Cement / May 24 Fauji Cement Company Limited(FCCL)	5,651,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 24	200.40
USD PKR Interbank Buying / May 24	200.20
USD to Japanese Yen / May 24	128.01
USD to Swiss Franc / May 24	0.97
Pound Sterling to USD / May 24	1.26
Euro to USD / May 24	1.07
UK LIBOR % / May 24	0.82

Stock	Volume
S&P 500 / May 24	3973.75
India Sensex / May 24	54288.61
Tokyo Nikkei / May 24	26901.11
Nasdaq / May 24	11535.27
Hang Seng / May 24	20479.87
FTSE 100 / May 24	7513.44
Dow Jones / May 24	31880.24
Germany DAX 30 / May 24	14175.40
France CAC40 / May 24	6358.74

Item	Value
Crude Oil / May 24	109.86
Karachi Cotton Assoc. / May 24	21180.00
Gold 10 Grams / May 24	118500.00
Gold Spot USD/Ounce / May 24	1855.80
Cotton / May 24	125.45

PSM

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