Trends - PSM - Business Recorder

PSM

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

PSM sell-off process hits a snag

ISLAMABAD: The privatisation process of Pakistan Steel Mills (PSM) has reportedly hit a snag as Chairman PSM Board...

Updated 30 Apr, 2021 09:27am

Business & Finance

PSM oxygen plant may not be made operational, says Faraz

ISLAMABAD: Pakistan Steel Mills (PSM) oxygen plant may not be made operational in an emergency due to some problems,...

Updated 27 Apr, 2021 10:05am

Pakistan

Engineers urge PM to utilize PSM oxygen plant as Pakistan battle COVID

It informed that a single oxygen-producing plant at PSM has the capacity to produce 260 tons of oxygen per day equivalent to 25,000 oxygen field cylinders per day.

Updated 27 Apr, 2021 03:36pm

Valuation of PSM assets: PC eagerly waiting for endorsement

ISLAMABAD: Privat-isation Commission (PC) is eagerly waiting for endorsement of valuation of Pakistan Steel Mills...

Updated 24 Apr, 2021 10:32am

NAB decides to file reference against ex-PSM chief, others

ISLAMABAD: The National Accountability Bureau (NAB), on Thursday, decided to file a corruption reference against...

Updated 23 Apr, 2021 10:05am

Pakistan

Sindh govt ready to run PSM, says minister

KARACHI: Sindh Minister for Information Syed Nasir Hussain Shah said the provincial government is ready to run...

Published 11 Apr, 2021 05:27am

Business & Finance

Sell-off of two RLNG plants likely by Feb-FY22 end, IMF told

ISLAMABAD: The government has assured the International Monetary Fund (IMF) that privatization of two RLNG power...

Updated 09 Apr, 2021 09:19am

Pakistan

Pakistan to welcome Russian investment for Steel Mill’s revival: FM

Qureshi said Pakistan and Russia were ready to cooperate with each other as their bilateral relations improved with time.

Published 06 Apr, 2021 07:32pm

Business & Finance

Pakistan eyes Russian investment for PSM revival

The PSM was built with the technical and financial help of Russia but was closed in 2015 due to heavy financial losses.

Published 06 Apr, 2021 02:31pm

PC’s body to finalize price of PSM assets, wording for EoI

ISLAMABAD: Privatisation Commission’s (PC’s) Transaction Committee is to meet on Tuesday (today) to finalise the...

Published 06 Apr, 2021 04:23am

Opinion

Govt dithering over whether to privatise PSM?

According to a Business Recorder news item “PSM transaction: Ministers briefed about probable timelines” carried...

Updated 05 Apr, 2021 10:42am

PSM transaction: Ministers briefed about probable timelines

ISLAMABAD: The Privatisation Commission Wednesday held two separate meetings on the privatisation of the Pakistan...

Published 01 Apr, 2021 04:10am

Constitution of board for PSM subsidiary proposed

ISLAMABAD: Ministry of Industries and Production (MoI&P) has proposed constitution of a seven-member board for a...

Published 30 Mar, 2021 05:45am

More PSM employees retrenched

ISLAMABAD: The management of Pakistan Steel Mills (PSM) has fired another batch of over 500 employees with immediate...

Published 23 Mar, 2021 04:37am

PSM to pay Rs93.2m for ‘violating’ contract

ISLAMABAD: Pakistan Steel Mills (PSM) is to pay Rs 93.2 million as settlement amount to M/s Ocean Wide Services for...

Published 27 Feb, 2021 04:29am

What lies in store for PSM, CJP asks ministers

ISLAMABAD: The Supreme Court on Tuesday sought complete details of the privatisation plan of the Pakistan Steel ...

Published 10 Feb, 2021 04:12am

Govt says plans to complete revival process within given timeframe

ISLAMABAD: The federal government has planned to complete the process of revival of the Pakistan Steel Mills (PSM)...

Updated 10 Feb, 2021 09:41am

Pakistan

PSM workers end sit-in on minister’s appeal

KARACHI: Sacked Steel Mill workers ended their sit-in in front of the residence of CEO Steel Mill on the request of...

Published 08 Feb, 2021 03:46am

Pakistan

PSM's privatisation at advanced stage, SC told

The court ordered the ministers for planning and privatisation to appear before it on February 9 and adjourned the case.

Published 04 Feb, 2021 07:52pm

Pakistan

NA rejects bill seeking scrutiny of allegations against lawmakers

ISLAMABAD: The National Assembly on Tuesday rejected a bill seeking scrutiny of allegations against lawmakers by a...

Updated 03 Feb, 2021 09:20am

PM says dollar inflows to help arrest price hike

ISLAMABAD: Prime Minister Imran Khan has said he is fully aware of the price hike in the country but asked people to...

Published 02 Feb, 2021 04:29am

Pakistan

PSM privatization: NA body meeting postponed due to lack of quorum

ISLAMABAD: A meeting of the National Assembly Standing Committee on Industries and Production convened to take up an...

Published 30 Jan, 2021 03:55am

Pakistan

PSM sell-off progress reviewed

ISLAMABAD: A review meeting for the revival of the Pakistan Steel Mills (PSM) was held jointly by the Minister for...

Updated 27 Jan, 2021 09:51am

PSM deposits second installment of Rs20m in EOBI

KARACHI: Pakistan Steel Mills management has deposited the second installment of Rs 20 million in Employees Old-Age...

Published 27 Jan, 2021 04:59am

Pakistan

Meeting discuss, review progress made in revival of PSM

The revival of PSM would be undertaken as per the approved decision of CCoP.

Published 26 Jan, 2021 06:54pm

Business & Finance

Govt to complete valuation of PSM core assets by January end

The meeting was informed that the revival of PSM would be undertaken as per the approved decision of CCoP/ Cabinet.

Published 26 Jan, 2021 03:26pm

RLNG supply to KE's new unit: PD directed to play role in signing of pact

ISLAMAABAD: The Cabinet Committee on Energy (CCoE) has directed Petroleum Division (PD) to play its role in...

Updated 25 Jan, 2021 10:04am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 26 786 Investments Limited(786)	4.99 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 26 Al-Abbas Sugar Mills Limited(AABS)	269.86 ▼ 0.00 (0.00%)
Agro Allianz / Jun 26 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 26 Allied Bank Limited(ABL)	68.99 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 26 Abbott Laboratories (Pakistan) Limited(ABOT)	637.11 ▼ 0.00 (0.00%)
Abson Ind. / Jun 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 26 Alfalah Consumer Index ETF.(ACIETF)	7.70 ▼ 0.00 (0.00%)
Attock Cement / Jun 26 Attock Cement Pakistan Limited(ACPL)	69.85 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 26 786 Investments Limited(786)	4.99 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 26 Al-Abbas Sugar Mills Limited(AABS)	269.86 ▼ 0.00 (0.00%)
Agro Allianz / Jun 26 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 26 Allied Bank Limited(ABL)	68.99 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 26 Abbott Laboratories (Pakistan) Limited(ABOT)	637.11 ▼ 0.00 (0.00%)
Abson Ind. / Jun 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 26 Alfalah Consumer Index ETF.(ACIETF)	7.70 ▼ 0.00 (0.00%)
Attock Cement / Jun 26 Attock Cement Pakistan Limited(ACPL)	69.85 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 24	207.70
USD PKR Interbank Buying / Jun 24	207.50
USD to Japanese Yen / Jun 24	135.23
USD to Swiss Franc / Jun 24	0.96
Pound Sterling to USD / Jun 24	1.23
Euro to USD / Jun 24	1.06
UK LIBOR % / Jun 24	1.57

Stock	Volume
S&P 500 / Jun 24	3911.74
India Sensex / Jun 24	52727.98
Tokyo Nikkei / Jun 24	26491.97
Nasdaq / Jun 24	11607.62
Hang Seng / Jun 24	21719.06
FTSE 100 / Jun 24	7208.81
Dow Jones / Jun 24	31500.68
Germany DAX 30 / Jun 24	13118.13
France CAC40 / Jun 24	6073.35

Item	Value
Crude Oil USD/Barrel / Jun 24	107.62
Karachi Cotton PKR/37.32 KG / Jun 24	21180.00
Gold 10 Grams PKR / Jun 24	122300.00
Gold Spot USD/Ounce / Jun 24	1826.88
Cotton US¢/pound / Jun 24	98.05

PSM

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