Trends - PSM - Business Recorder

PSM

SAPM to visit Russia from 5th

ISLAMABAD: To take up the matters related to the revival of Pakistan Steel Mills (PSM) or construction of a new ...

Updated 01 Jul, 2025 08:14am

Business & Finance

CAT upholds CCP decision against PSM

ISLAMABAD: The Competition Appellate Tribunal (CAT) has upheld the Competition Commission of Pakistan (CCP) decision...

Published 19 Jun, 2025 05:53am

Pakistan in serious talks with Russia on steel mills issue

ISLAMABAD: Pakistan is in serious talks with Russia to set up a new steel mills or restore the Pakistan Steel Mills...

Updated 03 Jun, 2025 09:07am

Business & Finance

Proposals for developing industrial parks discussed

ISLAMABAD: The Deputy Prime Minister/Foreign Minister, Senator Ishaq Dar, Thursday, chaired the inaugural meeting of...

Published 23 May, 2025 06:12am

Pakistan, Russia agree to establish new steel mills in Karachi

ISLAMABAD: In a bid to boost-up bilateral relations Russia and Pakistan have agreed to establish a new steel mill in...

Updated 14 May, 2025 09:21am

Opinion

From iron to copper age

Pakistan entered the Iron Age in the year 1973 when work commenced on the construction of Pakistan Steel Mills ...

Published 22 Apr, 2025 06:43am

Govt decides to develop SEZ on PSM land

Includes the creation of a comprehensive and tailored land lease model, which will offer options for sale, land lease, or licensing, based on the investor’s preferences

Updated 01 Feb, 2025 02:52pm

Pakistan

Centre, Sindh ‘decide’ to revive PSM jointly

KARACHI: The federal and Sindh governments on Monday decided to revive the Pakistan Steel Mills (PSM) on 700 acres ...

Published 07 Jan, 2025 05:55am

Business & Finance

PSM revival talks with Russian experts next week: Sindh CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that efforts to revive Pakistan Steel Mill are making...

Published 12 Nov, 2024 08:00am

Russia keen to work with Pakistan on NSTC: envoy

KARACHI: Russia is keen to work with Pakistan on the North-South Trade Corridor (NSTC)- Russia, Kyrgyzstan,...

Updated 12 Nov, 2024 08:34am

PSFCL board, NDRMF: Two decisions of CCoSOEs overturned by Cabinet

ISLAMABAD: The Federal Cabinet has reportedly overturned two decisions of Cabinet Committee on State Owned...

Updated 06 Nov, 2024 09:09am

Business & Finance

New steel mills in Karachi: Pakistan, Russia agree to constitute working group

ISLAMABAD: Pakistan and Russia have agreed to constitute a working group to move forward on a proposal of...

Published 19 Sep, 2024 06:37am

Business & Finance

CCP recovers Rs27m in penalties from PSM, Reliance Paints

ISLAMABAD: The Competition Commission of Pakistan (CCP) has successfully recovered Rs 27 million in penalties from...

Published 11 Sep, 2024 06:31am

Opinion

Struggle for steel continues

Steel is the basic building block of development. It was due to the influential import lobbies that Pakistan lagged...

Published 05 Sep, 2024 06:19am

Opinion

When the courts surrender?

During the devastation of WW-II Winston Churchill said, “Thank God. If the courts are working, nothing can go...

Published 21 Aug, 2024 07:28am

Pakistan

NA body forms sub-committee to address PSM matters

ISLAMABAD: The National Assembly (NA) Standing Committee on Industries and Production has constituted a four members...

Updated 16 Aug, 2024 08:33am

Opinion

Business is not the government’s business

According to a World Bank assessment, Pakistan’s state-owned enterprises (SOEs) exhibit the lowest profitability...

Published 12 Aug, 2024 06:36am

Business & Finance

Once again, PSMA urges govt to allow export of ‘surplus’ sugar

LAHORE: The Pakistan Sugar Mills Association (PSMA) has once again asked the government to allow early export of...

Updated 07 Aug, 2024 07:00am

Business & Finance

New industrial policy is under preparation: minister

KARACHI: The Sindh government is preparing a new long-term industrial policy to attract the new investors and ...

Published 03 Aug, 2024 06:46am

Business & Finance

PSM BoD chief flags 8 violations of SOEs law

ISLAMABAD: The chairman Board of Directors (BoD) of Pakistan Steel Mills (PSM) has expressed concern over the...

Published 03 Aug, 2024 06:46am

Russian collaboration: Feasibility study sought to set up a new steel mill

ISLAMABAD: A high level Committee, headed by the Minister for Planning, Development and Special Initiatives Ahsan...

Updated 01 Aug, 2024 10:01am

Business & Finance

Remaining PSM land: Centre, Sindh agree to establish SEZ

KARACHI: Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Industries and Production Rana Tanveer on...

Updated 31 Jul, 2024 10:29am

Opinion

PSM: Sindh govt must become part of solution

According to a Business Recorder news item, the Ministry of Industries and Production secretary has informed the...

Published 28 Jul, 2024 06:49am

Revival of PSM nearly impossible, NA panel told

ISLAMABAD: The Ministry of Industries and Production secretary on Friday informed that it is virtually impossible to...

Updated 27 Jul, 2024 09:01am

Opinion

The way forward

Sale of state-owned entities (SOEs) and not resuscitating the non-operational Pakistan Steel Mills is the mantra of...

Updated 22 Jul, 2024 07:11am

Editorials

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 10	284.60
USD PKR Interbank Buying / Jul 10	284.40
USD to Japanese Yen / Jul 10	146.33
USD to Swiss Franc / Jul 10	0.79
Pound Sterling to USD / Jul 10	1.36
Euro to USD / Jul 10	1.17
UK LIBOR % / Jul 9	4.96

Stock	Volume
S&P 500 / Jul 9	6,263.26
Nasdaq / Jul 9	20,608.23
Dow Jones / Jul 9	44,458.30
India Sensex / Jul 10	83,178.25
Tokyo Nikkei / Jul 10	39,635.72
Hang Seng / Jul 10	23,993.59
FTSE 100 / Jul 10	8,954.79
Germany DAX 30 / Jul 10	24,594.32
France CAC40 / Jul 10	7,915.95

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 9	16,585
Gold 10 Grams PKR / Jul 9	301,354
Petrol/Litre / Jul 10	266.79
Crude Oil USD/Barrel / Jul 10	68.49
Gold Spot USD/Ounce / Jul 10	3,325.15
Diesel/Litre / Jul 10	272.98
Cotton US¢/pound / Jul 10	67.73

Gainers
Losers
Leaders

Stock	Price
First IBL Mod. / Jul 10 First IBL Modaraba(FIBLM)	5.60 ▲ 1 (21.74%)
Dewan Farooque Sp. / Jul 10 Dewan Farooque Spinning Mills Limited(DFSM)	7.61 ▲ 1 (15.13%)
Premier Insurance / Jul 10 Premier Insurance Limited(PINL)	8.30 ▲ 1 (13.7%)
Kohinoor Ind. / Jul 10 Kohinoor Industries Limited(KOIL)	14.80 ▲ 1.35 (10.04%)
Azgard Nine / Jul 10 Azgard Nine Limited(ANL)	12.71 ▲ 1.16 (10.04%)
Habib Insurance / Jul 10 Habib Insurance Company Limited(HICL)	11.52 ▲ 1.05 (10.03%)
Invest Bank / Jul 10 Invest Capital Investment Bank Limited(ICIBL)	12.40 ▲ 1.13 (10.03%)
Beco Steel Ltd / Jul 10 Beco Steel Limited(BECO)	28.89 ▲ 2.63 (10.02%)
J.A.Textile / Jul 10 J.A. Textile Mills Limited(JATM)	29.76 ▲ 2.71 (10.02%)
Zahid Jee Textile / Jul 10 Zahidjee Textile Mills Limited(ZAHID)	85.54 ▲ 7.78 (10.01%)

Stock	Price
TPL Trakker Ltd / Jul 10 TPL Trakker Limited(TPLT)	8.02 ▼ -1 (-11.09%)
Trust Mod. / Jul 10 Trust Modaraba(TRSM)	8.72 ▼ -1 (-10.29%)
Hussain Industries / Jul 10 Husein Industries Limited(HUSI)	27.02 ▼ -2.98 (-9.93%)
F.Credit & Inv / Jul 10 First Credit and Investment Bank Limited(FCIBL)	16.14 ▼ -1.78 (-9.93%)
LSE Financial Serv. / Jul 10 LSE Financial Services Limited(LSEFSL)	30.73 ▼ -3.21 (-9.46%)
Pak Datacom / Jul 10 Pak Datacom Limited(PAKD)	296.39 ▼ -30.08 (-9.21%)
Apna Microfin. / Jul 10 Apna Microfinance Bank Limited(AMBL)	13.02 ▼ -1.3 (-9.08%)
Din Tex. / Jul 10 Din Textile Mills Limited(DINT)	104.34 ▼ -10.26 (-8.95%)
Ashfaq Textile / Jul 10 Ashfaq Textile Mills Limited(ASHT)	24.10 ▼ -2.25 (-8.54%)
Haseeb Waqas / Jul 10 Haseeb Waqas Sugar Mills Limited(HWQS)	20.66 ▼ -1.87 (-8.3%)

Stock	Volume
B.O.Punjab / Jul 10 The Bank of Punjab(BOP)	155,383,258 ▲ 1.14
Kohinoor Spining / Jul 10 Kohinoor Spinning Mills Limited(KOSM)	55,106,065 ▲ 0.24
Hascol Petrol / Jul 10 Hascol Petroleum Limited(HASCOL)	33,301,219 ▲ 0.61
Fast Cables / Jul 10 Fast Cables Limited(FCL)	32,727,552 ▲ 1.07
WorldCall Telecom / Jul 10 Worldcall Telecom Limited(WTL)	22,770,600 ▼ -0.03
Ghani Chemworld / Jul 10 Ghani Chemworld Limited(GCWL)	21,479,803 ▼ -0.78
Invest Bank / Jul 10 Invest Capital Investment Bank Limited(ICIBL)	20,957,143 ▲ 1.13
Aisha Steel Mill / Jul 10 Aisha Steel Mills Limited(ASL)	19,672,118 ▲ 0.26
Big Bird Foods / Jul 10 Big Bird Foods Limited(BBFL)	17,334,565 ▲ 1.79
Secure Logistics / Jul 10 Secure Logistics Group Limited(SLGL)	16,386,212 ▲ 0.41

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