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PSMA

Sugar production to increase next season: PSMA

LAHORE: The Pakistan Sugar Mills Association (PSMA) referring to the statistics of the Federal Board of Revenue ...

Published 05 Aug, 2022 06:27am

Business & Finance

KCCI seeks CCP help in creating level playing field

KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) held an advocacy session with the Competition...

Published 19 Jun, 2022 06:06am

Business & Finance

Cartelization scam: SHC orders PSMA, 26 sugar mills to deposit 50pc of penalty amounts

ISLAMABAD: The Sindh High Court (SHC) has directed the Pakistan Sugar Mills Association (PSMA) and 26 sugar mills to...

Published 15 Jun, 2022 05:47am

Business & Finance

Miftah for maintaining strategic reserves of sugar

ISLAMABAD: Finance Minister Miftah Ismail has assured the Pakistan Sugar Mills Association (PSMA) that the present...

Published 28 May, 2022 05:11am

PSMA demands permission to export excess sugar output

LAHORE: The Pakistan Sugar Mills Association (PSMA) has demanded the government to allow export of excess sugar...

Updated 29 Mar, 2022 10:07am

Pakistan

Mian Rehman Aziz Chan made acting LCCI President

LAHORE: LCCI Senior Vice President Mian Rehman Aziz Chan will perform as the Acting President of the Lahore Chamber...

Published 15 Feb, 2022 06:45am

Business & Finance

Talks between PSMA, govts: spokesman says there’s no solid outcome

LAHORE: Pakistan Sugar Mills Association (PSMA) members have expressed concerns over the futile meetings with the...

Published 14 Jan, 2022 07:45am

Opinion

CCP’s order in sugar industry case: a critique—II

Hypothetically, information exchange between competitors can either be simply a means to monitor compliance with a...

Published 13 Jan, 2022 07:17am

Opinion

CCP’s order in sugar industry case: a critique—I

A few days ago, a friend congratulated me on the fact that the Competition Commission of Pakistan (CCP, the...

Published 10 Jan, 2022 07:02am

Pakistan

PSMA rejects claim of cane commissioner

LAHORE: The Pakistan Sugar Mills Association (PSMA) rejected the claim by the cane commissioner that supply of...

Published 08 Jan, 2022 03:59am

Business & Finance

Mills not getting ‘sufficient’ quantity of sugarcane: PSMA

LAHORE: The Pakistan Sugar Mills Association (PSMA) has reiterated its claim that mills are not getting sufficient...

Published 01 Jan, 2022 04:07am

Business & Finance

Sugar mills directed to submit complete info to cane commissioner

LAHORE: The Punjab government has reiterated that all the sugar mills should submit full information to the cane...

Published 23 Dec, 2021 04:23am

Govt to revisit SSRC suggestions due to internal opposition

ISLAMABAD: The Federal Government is to revisit recommendations of Sugar Sector Reform Committee (SSRC) as some of...

Updated 22 Dec, 2021 09:56am

Pakistan

Unauthorised agents, middlemen: PSMA seeks action against purchase of sugarcane

ISLAMABAD: Pakistan Sugar Mills Association (PSMA) has urged the government to take notice of the purchase of the...

Published 16 Dec, 2021 04:00am

Business & Finance

PSMA asks cane commissioner to identify ‘unauthorised purchasing agents’

LAHORE: The Pakistan Sugar Mills Association (PSMA) Punjab Zone has asked the Cane Commissioner Punjab to identify...

Published 16 Dec, 2021 04:00am

Pakistan

‘Middlemen mafia’ has become active again: PSMA

LAHORE: Sugar millers have complained that middle-men mafia has once again become active during the ongoing crushing...

Published 14 Dec, 2021 06:40am

PSMA says there’s no shortage of sugar in country

LAHORE: The Pakistan Sugar Mills Association (PSMA) has categorically rejected the rumours that there is a looming...

Updated 26 Nov, 2021 09:32am

Business & Finance

Sugar, sugarcane: FPCCI underscores need for inter-provincial trade

KARACHI: Mian Nasser Hyatt Maggo, President FPCCI, Wednesday proposed that inter-provincial trade and transportation...

Published 25 Nov, 2021 03:53am

Southern Punjab, Sindh: Sugarcane crushing season to begin on 15th: mill owners

LAHORE: Following assurance of the Prime Minister of no more coercive measures and resolving the issues faced by the...

Updated 13 Nov, 2021 10:14am

What’s actually behind closure of nine sugar mills in Sindh?

Out of the 19 mills in the province, six mills have been forced to shut down through administrative measures

Updated 11 Nov, 2021 09:50am

Business & Finance

Tarin urges PSMA members to start production at earliest

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin held a meeting with delegation of...

Published 10 Nov, 2021 06:13am

Pakistan

Govt urged to formulate 'realistic' long-term sugar policy

ISLAMABAD: Experts strongly urged upon the government to formulate a realistic long-term sugar policy in ...

Published 06 Nov, 2021 03:57am

Opinion

Sugar has turned sour

It was in August this year that Competition Commission of Pakistan (CCP) imposed the largest amount of penalty of...

Published 19 Oct, 2021 03:52am

PSMA chief says unable to start crushing

LAHORE: Sugar millers have expressed their inability to start the crushing season 2021-22 because of refusal by the...

Published 16 Oct, 2021 05:50am

Pakistan

Economy showing positive trends: Moulvi

KARACHI: Advisor to Prime Minister on Maritime Affairs Mehmood Moulvi has said that Pakistan’s economy has begun...

Published 30 Sep, 2021 04:15am

Pakistan

Shahzad Paracha elected PSMA chief

KARACHI: Shahzad Mushtaq Paracha has been elected Chairman Pakistan Soap Manufacturers Association (PSMA) for the...

Published 23 Sep, 2021 04:35am

Sugar millers yet to deposit Rs44bn penalty

Competition Commission of Pakistan had found PSMA and its 81 members guilty of certain prohibited cartel-like behaviour/conduct and causing "by object restriction" on competition in the industry

Updated 07 Sep, 2021 10:51am

BR Research

Knowledge of rival stock position: what good is it?

Commenting on CCP’s Sugar Order, BR Research explained yesterday that while “PSMA needs to explain why it ...

Published 24 Aug, 2021 07:25am

Pakistan

SAPM raises questions over PSMA role for manipulating sugar market

LAHORE: Expressing reservations over the role of Pakistan Sugar Mills Association (PSMA), Special Assistant to Prime...

Published 16 Aug, 2021 06:57am

Largest penalty ever of Rs44bn imposed on sugar mills, PSMA

The hearings for 80 mills (5 mills chose not to appear or respond) spanned a considerable period, commencing on 7 January 2021 and concluding on 26 May 2021
Cartelisation, anti-competitive activities, collectively deciding the quantum of exports among reasons

Updated 14 Aug, 2021 10:59am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.50
USD PKR Interbank Buying / Apr 24	278.25
USD to Japanese Yen / Apr 24	154.89
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.24
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
Nasdaq / Apr 23	15696.64
Dow Jones / Apr 23	38503.69
India Sensex / Apr 24	73884
Tokyo Nikkei / Apr 24	38460.08
Hang Seng / Apr 24	17176.31
FTSE 100 / Apr 24	8079.79
Germany DAX 30 / Apr 24	18202.76

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 24	293.94
Crude Oil USD/Barrel / Apr 24	83.46
Gold Spot USD/Ounce / Apr 24	2319
Diesel/Litre / Apr 24	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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