Trends - PSM - Business Recorder

PSM

PSM expenditure since its closure: ECC directs FD to submit details of cost borne by govt

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Finance Division to submit...

Updated 30 Sep, 2023 09:21am

PSM sell-off: Only one bidder still showing interest, says Fawad

ISLAMABAD: There is a single bidder left which is still showing interest in the privatisation of Pakistan Steel...

Updated 22 Sep, 2023 09:11am

Essential food items and consumer products: ECC for maintaining gap between wholesale, retail prices

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Pakistan Steel Mills (PSM)...

Updated 20 Sep, 2023 09:40am

Business & Finance

PSM employees: ECC may approve Rs1.244bn for payment of salaries

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is likely to approve an amount of Rs 1.244...

Updated 19 Sep, 2023 09:43am

Interim govt pursuing PSM revival plan, Senate panel told

ISLAMABAD: The caretaker government has started working on the revival plan of Pakistan Steel Mills (PSM), which has...

Updated 16 Sep, 2023 09:48am

Inward flows of dollars to create breathing space: ministry

ISLAMABAD: The Ministry of Industries and Production (MoI&P) Tuesday said it is still clueless about lifting of...

Updated 12 Jul, 2023 08:51am

Editorials

Court not to interfere in economic policy

EDITORIAL: Chief Justice Umar Ata Bandial while heading a three-judge bench hearing the Jamaat-i-Islami petition to...

Updated 12 Jun, 2023 06:51am

Monthly update: Inflation to remain on upward trajectory: MoF

ISLAMABAD: Inflation to remain on a higher trajectory despite monetary tightening primarily due to rupee...

Updated 31 May, 2023 08:53am

Supply of gas, other heads: Rs50bn spent on PSM since its shutdown

ISLAMABAD: The federal government has spent about Rs 50 billion on Pakistan Steel Mills (PSM) since it shut down its...

Updated 19 May, 2023 09:14am

Staff reinstatement: PSM management being ‘pressurised’

ISLAMABAD: The Pakistan Steel Mills (PSM) management is reportedly being pressurised to reinstate those employees...

Updated 09 May, 2023 09:18am

Business & Finance

LCCI calls for restructuring of loss-making SOEs

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) on Thursday called for restructuring of loss-making...

Published 28 Apr, 2023 06:08am

Opinion

World Bank report an indictment of SOEs

The World Bank has issued a report, which is in fact an indictment of Pakistan’s state-owned enterprises (SOEs)....

Published 25 Apr, 2023 06:25am

SOEs: PM forms body for reforms, restructuring

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a Cabinet Committee on State-Owned Enterprises (CCoSOEs)...

Updated 05 Apr, 2023 11:28am

Only 1 company interested in beleaguered PSM

Ministry of Industries and Production is endeavouring to resolve the longstanding issue of receivables and payables between Sui Southern Gas Company Limited and Pakistan Steel Mills

Updated 03 Apr, 2023 11:58am

Pakistan

NA panel directs ministry to ensure availability of urea

ISLAMABAD: The National Assembly Standing Committee on Industries and Production, Monday, directed the Ministry of...

Published 07 Mar, 2023 03:16am

PSM privatization: PM grills PC for its failure to satisfy potential buyers

Directs Privatisation Commission to make earnest efforts to re-engage with pre-qualified bidders

Updated 07 Mar, 2023 08:53am

PM for giving Discos to provinces

ISLAMABAD: Prime Minister, Shehbaz Sharif is all set to hold meeting with Chief Ministers to convince them of...

Updated 16 Feb, 2023 08:58am

Opinion

PSM: A huge white elephant

According to a Business Recorder news item “PSM to get Rs1.26bn to boot the bill for gas” carried by the...

Published 17 Nov, 2022 05:59am

Business & Finance

Stakeholders Group wants to attend meeting on PSM

ISLAMABAD: While welcoming the proposed visit of the Senate Standing Committee on the Ministry of Industries and...

Published 30 Aug, 2022 07:02am

Opinion

Elusive corporate turnaround

This article is not about sovereign states, political parties, celebrities and other boring stuff. It’s about...

Published 27 Jul, 2022 05:23am

Pakistan

Russian envoy hopes bilateral trade volume to rebound soon

KARACHI: The Consul General of Russian Federation in Karachi, Andrey Viktorovich Fedorov, has said that total volume...

Published 11 Jun, 2022 06:15am

ECC imposes 10pc RD on MS import

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has removed a customs anomaly on the import of...

Updated 04 Jun, 2022 10:05am

Business & Finance

MoI&P seeks Rs623m to clear SSGS bill of PSM

ISLAMABAD: Ministry of Industries and Production (MoI&P) has sought Rs 623 million to pay bills of SSGC of eight...

Published 04 Jun, 2022 04:18am

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

Gainers
Losers
Leaders

Stock	Price
SME Leasing Ltd / Oct 3 SME Leasing Limited(SLL)	2.24 ▲ 0.47 (26.55%)
Hala Enterprise / Oct 3 Hala Enterprises Limited(HAEL)	8.99 ▲ 1.00 (12.52%)
Habib Ins. / Oct 3 Habib Insurance Company Limited(HICL)	5.05 ▲ 0.54 (11.97%)
Bank of Khyber / Oct 3 The Bank of Khyber(BOK)	11.92 ▲ 0.92 (8.36%)
Merit Packaging / Oct 3 Merit Packaging Limited(MERIT)	7.84 ▲ 0.59 (8.14%)
Engro Powergen / Oct 3 Engro Powergen Qadirpur Limited(EPQL)	25.02 ▲ 1.75 (7.52%)
Masood Textile / Oct 3 Masood Textile Mills Limited(MSOT)	41.82 ▲ 2.92 (7.51%)
United Dist. / Oct 3 United Distributors Pakistan Limited(UDPL)	34.06 ▲ 2.38 (7.51%)
First Tri-Star Mod. / Oct 3 First Tri-Star Modaraba(FTSM)	17.20 ▲ 1.20 (7.50%)
K.S.B.Pumps / Oct 3 KSB Pumps Company Limited(KSBP)	99.13 ▲ 6.92 (7.50%)

Stock	Price
Punjab Mod / Oct 3 First Punjab Modaraba(FPJM)	1.40 ▼ -0.39 (-21.79%)
Grays Leasing / Oct 3 Grays Leasing Limited(GRYL)	3.40 ▼ -0.70 (-17.07%)
First Elite Cap.Mod / Oct 3 First Elite Capital Modaraba(FECM)	2.71 ▼ -0.49 (-15.31%)
Next Capital / Oct 3 Next Capital Limited(NEXT)	4.14 ▼ -0.55 (-11.73%)
Aisha Steel(ConPS) / Oct 3 Aisha Steel(ConPS)(ASLPS)	8.17 ▼ -1.00 (-10.91%)
Leather Up Ltd. / Oct 3 Leather Up Limited(LEUL)	10.71 ▼ -0.98 (-8.38%)
Unicap Modaraba / Oct 3 Unicap Modaraba(UCAPM)	1.36 ▼ -0.12 (-8.11%)
Hussain Industries / Oct 3 Husein Industries Limited(HUSI)	15.40 ▼ -1.25 (-7.51%)
Mehmood Tex / Oct 3 Mehmood Textile Mills Limited(MEHT)	518 ▼ -42.00 (-7.50%)
Premier Sugar / Oct 3 The Premier Sugar Mills(PMRS)	521.37 ▼ -42.27 (-7.50%)

Stock	Volume
WorldCall Telecom / Oct 3 Worldcall Telecom Limited(WTL)	60,699,741 ▲ 0.01
Cnergyico PK / Oct 3 Cnergyico PK Limited(CNERGY)	18,949,237 ▲ 0.14
Oil & Gas Dev. / Oct 3 Oil & Gas Development Company Limited(OGDC)	17,023,821 ▼ -1.11
Unity Foods Ltd / Oct 3 Unity Foods Limited(UNITY)	8,518,496 ▼ -0.64
Bankislami Pak. / Oct 3 BankIslami Pakistan Limited(BIPL)	6,619,948 ▼ -0.06
Pak Petroleum / Oct 3 Pakistan Petroleum Limited(PPL)	6,591,768 ▼ -0.41
K-Electric Ltd. / Oct 3 K-Electric Limited(KEL)	6,049,235 ▲ 0.05
First Prudential Mod. / Oct 3 First Prudential Modaraba(PMI)	5,527,500 ▼ -0.08
Pak Refinery / Oct 3 Pakistan Refinery Limited(PRL)	5,279,550 ▲ 0.11
Fauji Foods Ltd / Oct 3 Fauji Foods Limited(FFL)	4,965,711 ▲ 0.15

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