Trends - PSM - Business Recorder

PSM

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

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

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

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

PSM and the wider debate about SOEs

EDITORIAL: The Board of Directors (BoD) of the Pakistan Steel Mills (PSM) is either reading too much into recent...

Published 19 Jul, 2024 06:12am

Against closure, PSM board says Cabinet is ill-advised

ISLAMABAD: The Board of Directors (BoD) of Pakistan Steel Mills (PSM) has opposed the complete closure and scrapping...

Updated 17 Jul, 2024 04:36pm

Dues hit Rs97.697bn mark: SSGC disconnects supply to PSML

KARACHI: Sui Southern Gas Company (SSGC) has disconnected gas supply to Pakistan Steel Mills Limited (PSML) due to...

Updated 06 Jul, 2024 08:59am

Senate passes SOEs amendment bill

ISLAMABAD: The Senate, Friday, passed with majority vote amidst opposition protest, the State Owned-Enterprises...

Updated 06 Jul, 2024 03:47pm

Govt has decided to shut down PSM, Senate panel told

ISLAMABAD: The government has decided to permanently shut down Pakistan Steel Mills (PSM), a state-owned enterprise...

Updated 04 Jul, 2024 03:04pm

Pakistan

Reconstituting BoD of PSM: Ministry seeks cabinet body’s approval

ISLAMABAD: The Ministry of Industries and Production has sought the approval of the Cabinet Committee on State-Owned...

Published 27 Jun, 2024 06:52am

Digitization: Centre asks provinces to provide tax data to Nadra

ISLAMABAD: The federal government has reportedly asked all provinces to provide complete tax data to NADRA (National...

Updated 15 Jun, 2024 04:22pm

Opinion

‘Railways in a mess’

This is apropos a Business Recorder editorial “Railways in a mess” carried by the newspaper yesterday. The...

Published 31 May, 2024 06:58am

Pakistan

Gas supply to Steel Town: Residents asked to make alternate arrangements

KARACHI: The management of Pakistan Steel Mills (PSM) has asked the residents of Steel Town to make alternate...

Published 25 May, 2024 05:55am

Beleaguered PSM under ECC focus

ISLAMABAD: The Economic Coordination Committee (ECC) of Cabinet has directed Ministry of Industries and Production...

Updated 15 May, 2024 08:48am

Business & Finance

Mahni made caretaker CEO of PSM

ISLAMABAD: The Ministry of Industries and Production after the passage of 11 months has assigned the look after...

Published 07 May, 2024 06:05am

Govt forms body for PSM revival

KARACHI: The Federal Ministry of Industry and Production on Saturday constituted an 8-member committee to revive the...

Updated 28 Apr, 2024 09:25am

Business & Finance

Forced layoffs, gas supply cut: PSM employees to hold protest today

KARACHI: Employees of Pakistan Steel Mills (PSM) have announced a protest along with their families on Thursday...

Published 25 Apr, 2024 03:05am

Pakistan

SSGC disconnects gas supplies to Pakistan Steel Mills Housing colony

The Sui Southern Gas Company (SSGC) has disconnected gas supplies to Pakistan Steel Mills (PSM) Housing colony due...

Published 22 Apr, 2024 08:26pm

Business & Finance

PSMA-Punjab urges govt to allow immediate export of sugar

LAHORE: A spokesman of Pakistan Sugar Mills Association (Punjab Zone) has denied that the ex-mill prices of sugar...

Published 22 Apr, 2024 04:39am

Opinion

Privatisation—dos and don’ts

For the last few months, privatization has been a key component of economic news. The previous government, interim...

Published 05 Apr, 2024 04:50am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 25	277.66
USD PKR Interbank Buying / Oct 25	277.46
USD to Japanese Yen / Oct 25	152.31
USD to Swiss Franc / Oct 25	0.87
Pound Sterling to USD / Oct 25	1.30
Euro to USD / Oct 25	1.08

Stock	Volume
S&P 500 / Oct 25	5,808.12
India Sensex / Oct 25	79,402.29
Tokyo Nikkei / Oct 25	37,913.92
Nasdaq / Oct 25	18,518.61
Hang Seng / Oct 25	20,590.15
FTSE 100 / Oct 25	8,248.84
Dow Jones / Oct 25	42,114.40
Germany DAX 30 / Oct 25	19,463.59

Item	Value
Crude Oil USD/Barrel / Oct 25	71.78
Gold 10 Grams PKR / Oct 25	245,031.60
Gold Spot USD/Ounce / Oct 25	2,747.56
Cotton US¢/pound / Oct 25	70.66
Karachi Cotton PKR/37.32 KG / Oct 26	17,885
Petrol/Litre / Oct 27	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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