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PSMA

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

List of sugar mills penalised by CCP unveiled

ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued a list of sugar mills on which penalties have ...

Updated 14 Aug, 2021 11:25am

Govt moves SC against LHC sugar price verdict

ISLAMABAD: The federal government on Tuesday approached the Supreme Court against the Lahore High Court (LHC) ...

Updated 11 Aug, 2021 12:45pm

Pakistan

Fixing of sugar price: Ministry may face tough time at LHC

ISLAMABAD: The Ministry of Industries and Production is likely to face a tough time at the Lahore High Court (LHC) ...

Published 29 Jul, 2021 04:48am

GST assessment: FBR withdraws fixation of sugar price at Rs60/kg

ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn the fixation of the domestic price of sugar at Rs60 per...

Published 09 Jul, 2021 02:31am

Business & Finance

Erstwhile FATA/PATA regions: Steel industry urges govt to withdraw proposal of abolishing FED

LAHORE: Steel industry stakeholders have urged the government to withdraw the proposal of abolishing Federal Excise...

Published 17 Jun, 2021 03:27am

Business & Finance

PSMA concerned at cane commissioner’s statement

LAHORE: The Pakistan Sugar Mills Association (PSMA) Punjab on Friday showed its concern on the recent statement of...

Published 17 Apr, 2021 03:28am

Pakistan

Sugar shortage continues to haunt consumers in Lahore

LAHORE: Sugar shortage continued to haunt the consumers in the provincial metropolis as either is it not available ...

Updated 16 Apr, 2021 09:56am

Business & Finance

Sugar industry heading towards crisis: PSMA Punjab

LAHORE: The Pakistan Sugar Mills Association, Punjab Zone, has claimed that the sugar industry is heading towards...

Updated 14 Apr, 2021 10:11am

Business & Finance

Ex-mill, retail sugar price rejected: PSMA offers govt to pick entire stock from mills

LAHORE: Rejecting the ex-mill and retail sugar price fixed by the Punjab government, Pakistan Sugar Mills ...

Updated 04 Apr, 2021 09:52am

Pakistan

Punjab govt likely to fix ex-mill, retail price of sugar

LAHORE: The Punjab government has started deliberations on fixing the ex-mill and retail price of sugar for ...

Published 01 Apr, 2021 04:10am

PSMA seeks exemption of ST on local supplies

ISLAMABAD: The government will not charge 17 percent sales tax on the import of sugar, including the import of 0.5...

Published 01 Apr, 2021 04:10am

Supply line: Sugar mills offer conditional support to Punjab govt

LAHORE: Sugar crisis will be over soon as Pakistan Sugar Mills Association (PSMA) has conditionally offered the...

Published 31 Mar, 2021 05:42am

BR Research

Sugar output forecast: what’s next?

According to a report in this newspaper yesterday, wholesalers in Akbari Mandi of Lahore claim that daily sugar...

Published 29 Mar, 2021 07:35am

PSMA chairman summoned by NAB

ISLAMABAD: The National Accountability Bureau (NAB) has asked the Pakistan Sugar Mills Association (PSMA) chairman ...

Published 24 Mar, 2021 05:10am

Business & Finance

Manufacturing of toiletry products: DGCV Karachi revises upward values of raw materials

ISLAMABAD: The Directorate General of Customs Valuation Karachi has revised upward customs values of raw materials...

Updated 17 Mar, 2021 09:42am

BR Research

An interview with Cane Commissioner Punjab, Muhammad Zaman Wattoo

“Delay in crushing prevents farmers from sowing wheat” Last week, BR Research published the interview of...

Updated 15 Mar, 2021 11:47am

BR Research

Controversy over gur production in Peshawar valley?

If the retail price of sugar in the country has nearly doubled over the past three years, it is not just the sugar...

Published 11 Mar, 2021 07:30am

BR Research

An interview with Iskander M. Khan, chairman Pakistan Sugar Mills Association

“Banks should pay growers directly against sugar pledged by mills” Iskander Khan is a four-time chairman of...

Published 08 Mar, 2021 07:45am

BR Research

Sugar: is the industry shying away from surplus?

Another year, another shortfall. That seems to be the takeaway from the annual report for marketing year 2019-2020,...

Updated 01 Mar, 2021 09:13am

Business & Finance

Steel melters seek govt support

LAHORE: Pakistan Steel Melters Association (PSMA) drawing the attention towards expanding unregistered small ...

Updated 26 Feb, 2021 09:30am

Non-installation of VAS: Sugar mills to be penalized after 31st: FBR

KARACHI: The Federal Board of Revenue (FBR) has decided to impose heavy penalties on non-compliant sugar millers, if...

Published 30 Jan, 2021 03:55am

Pakistan

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Feb 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 5 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 5 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 5 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 5 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 5 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Feb 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 5 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 5 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 5 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 5 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 5 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Volume
Hub Power Co. / Feb 5 The Hub Power Company Limited(HUBC)	7,912,174 ▼ 0.00
Cnergyico PK / Feb 5 Cnergyico PK Limited(CNERGY)	7,490,206 ▼ 0.00
Dewan Motors / Feb 5 Dewan Farooque Motors Limited(DFML)	5,698,000 ▼ 0.00
Gul Ahmed / Feb 5 Gul Ahmed Textile Mills Limited(GATM)	4,995,028 ▼ 0.00
WorldCall Telecom / Feb 5 Worldcall Telecom Limited(WTL)	4,832,816 ▼ 0.00
TRG Pak Ltd / Feb 5 TRG Pakistan Limited(TRG)	4,574,299 ▼ 0.00
Lotte Chemical / Feb 5 Lotte Chemical Pakistan Limited(LOTCHEM)	3,805,565 ▼ 0.00
K-Electric Ltd. / Feb 5 K-Electric Limited(KEL)	3,686,127 ▼ 0.00
Pak Petroleum / Feb 5 Pakistan Petroleum Limited(PPL)	3,499,066 ▼ 0.00
Nishat Chun.Pow. / Feb 5 Nishat Chunian Power Limited(NCPL)	3,492,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 3	277.17
USD PKR Interbank Buying / Feb 3	278.67
USD to Japanese Yen / Feb 3	131.19
USD to Swiss Franc / Feb 3	0.93
Pound Sterling to USD / Feb 3	1.21
Euro to USD / Feb 3	1.08
UK LIBOR % / Feb 3	4.30

Stock	Volume
S&P 500 / Feb 3	4136.48
India Sensex / Feb 3	60841.88
Tokyo Nikkei / Feb 3	27509.46
Nasdaq / Feb 3	12006.96
Hang Seng / Feb 3	21660.47
FTSE 100 / Feb 3	7901.80
Dow Jones / Feb 3	33926.01
Germany DAX 30 / Feb 3	15546.43
France CAC40 / Feb 3	7233.94

Item	Value
Crude Oil USD/Barrel / Feb 3	73.39
Karachi Cotton PKR/37.32 KG / Feb 3	22235
Gold 10 Grams PKR / Feb 3	208500
Gold Spot USD/Ounce / Feb 3	1864.97
Cotton US¢/pound / Feb 3	85.43

PSMA

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