Trends - SOEs - Business Recorder

SOEs

We need a ‘Charter of Society’

Lately, there has been an extensive talk about various charters of sorts - the Charter of Democracy, the Charter of...

Published 03 Oct, 2023 06:02am

Business & Finance

Economic revival plan: Tax on retail, agri and real estate sectors may be revised: MoF

Key measures include revenue enhancement strategies including tax revisions in sectors such as retail, agriculture, and real estate, alongside a wealth tax on movable assets, as deemed appropriate

Updated 30 Sep, 2023 09:45am

SOEs Policy: CCoSOEs to put up final draft to cabinet for approval

ISLAMABAD: A meeting of the Cabinet Committee of State-owned Enterprises (CCoSOEs) has decided to put up the final...

Updated 29 Sep, 2023 05:15pm

Opinion

PARTLY FACETIOUS: In Pakistan one man’s Brutus is another’s Antony

“The fault is not in our stars but in ourselves that we are underlings.” “Yep that’s a much cited quote from...

Published 28 Sep, 2023 05:33am

Provincial mandates: Federal spending must be ceased, recommends World Bank

WB says that federal and provincial departments that are already redundant or would become so under the proposed devolution to the local governments should be abolished

Updated 26 Sep, 2023 10:02am

Consistent policies mandatory: 60pc of economy outside the tax net: Ishrat

ISLAMABAD: Former Governor State Bank of Pakistan (SBP), Dr Ishrat Hussain, on Saturday, said predictability and...

Updated 24 Sep, 2023 10:45pm

Economic model ‘flops’: Poverty hits 39.4pc mark, say World Bank officials

ISLAMABAD: Pakistan’s current economic development model is no longer reducing poverty and provides few benefits to...

Updated 23 Sep, 2023 05:38pm

Perspectives

The caretakers’ (extra) burden

Famous imperialist poet and writer Rudyard Kipling was awarded the Nobel Prize in Literature in 1907. Born in India,...

Published 22 Sep, 2023 10:38am

Shamshad lists factors behind SOEs’ Rs500bn losses

ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar on Thursday said external interference, lack of...

Updated 22 Sep, 2023 08:46am

Business & Finance

Privatisation of SOEs: Minister explains mandate of caretaker govt

ISLAMABAD: A few buyers of state-owned entities (SOEs) claimed demurrage from the Privatisation Division for ...

Published 22 Sep, 2023 03:33am

Pakistan

Dr Shamshad shares salient features of draft SOEs policy

Caretaker finance minister says majority of directors on their boards should be independent

Updated 21 Sep, 2023 06:13pm

Pakistan

SOEs: PTI assails govt’s sell-off plan

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Wednesday strongly reacted to the caretaker government’s plan to...

Published 21 Sep, 2023 06:08am

Editorials

Privatisation as the way out of current impasse

EDITORIAL: Caretaker Federal Minister for Privatisation Fawad Hassan Fawad has been tasked to expedite the...

Published 21 Sep, 2023 06:08am

Opinion

Moving from failure to failure successfully?

Winston Churchill said, ‘Success is the ability to go from one failure to another with no loss of enthusiasm’....

Published 18 Sep, 2023 07:14am

Opinion

Nationalise the IPPs

In Gordium, the capital of Phrygia (ancient Greece), legend had it that whoever could untie an oxcart tied by a...

Updated 13 Sep, 2023 06:44am

Govt says gas prices to be revised upward

ISLAMABAD: The caretaker government said on Friday that gas prices have to be revised upward across the board...

Updated 09 Sep, 2023 08:44am

Opinion

SOEs, fiscal discipline & reforms

Despite a wave of privatization in the last 3 decades, SOEs still contribute significantly to the economic growth of...

Updated 08 Sep, 2023 06:31am

PM lays focus on tax reforms, sell-off process

Says increasing tax collection is the foremost priority of the government

Updated 07 Sep, 2023 09:51am

Markets

Caretaker govt’s ‘do nothing’ approach doing no good for Pakistan: PBC

The Pakistan Business Council (PBC), one of the country’s largest corporate advocacy platforms, on Monday slammed...

Updated 04 Sep, 2023 05:55pm

Editorials

Initiative required from caretakers

EDITORIAL: The induction of well-respected technocrats in the caretaker cabinet on 17 August was widely hailed but a...

Published 04 Sep, 2023 06:21am

Debt management: FD advocates balanced approach

ISLAMABAD: Fiscal discipline is essential to maintain primary surplus as total public debt/revenue and debt...

Updated 02 Sep, 2023 03:08pm

Rising debt servicing emerges as hindrance: Projection of cut in C/A deficit subject to certain risks

ISLAMABAD: The government projection of a reduction in the current account deficit to US$ 3.7 billion is subject to...

Updated 01 Sep, 2023 09:11am

Editorials

The IMF conditions

EDITORIAL: The statement by the Resident Representative of the International Monetary Fund (IMF) in Islamabad on 23...

Published 28 Aug, 2023 06:27am

Opinion

Daunting challenges facing the caretakers

The caretaker government has stepped in amidst massive economic and political challenges demanding promulgation of ...

Published 26 Aug, 2023 06:13am

SOEs monitoring under IMF SBA: Finance Division yet to operationalise CMU

ISLAMABAD: The Finance Division has yet to complete the operationalisation of the Central Monitoring Unit (CMU) by...

Updated 26 Aug, 2023 06:28pm

Govt required to keep SOEs under MoF oversight: IMF

KARACHI: The International Monetary Fund’s (IMF) representative in Pakistan on Wednesday said that the reform...

Updated 24 Aug, 2023 09:49am

Opinion

SOE conundrum: To be, or not to be…

State-Owned Enterprises (SOEs) have become a subject of heated debate in Pakistan, with conflicting opinions on ...

Published 20 Aug, 2023 03:20am

Gohar assumes charge with $80bn export goal on mind

ISLAMABAD: Renowned industrialist Gohar Ejaz on Friday assumed the charge as caretaker Federal Minister for Commerce...

Updated 19 Aug, 2023 03:24pm

Opinion

Economic policy by the interim govt

Given Pakistan is facing very difficult economic challenge, mainly in the shape of bringing debt sustainability, on...

Updated 18 Aug, 2023 06:22am

Opinion

Reduce, not expand, the size of govt to restore investor confidence

After the unexpected IMF (International Monetary Fund) bailout, the economy is in search of regaining lost...

Published 07 Aug, 2023 06:34am

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%)
Merit Packaging / Oct 3 Merit Packaging Limited(MERIT)	7.84 ▲ 0.59 (8.14%)
Dewan Sugar / Oct 3 Dewan Sugar Mills Limited(DWSM)	2 ▲ 0.14 (7.53%)
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%)
Pak Hotels / Oct 3 Pakistan Hotels Developers Limited(PHDL)	297.04 ▲ 20.72 (7.50%)

Stock	Price
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%)
Punjab Mod / Oct 3 First Punjab Modaraba(FPJM)	1.60 ▼ -0.19 (-10.61%)
Pak Gulf Leasing / Oct 3 Pak-Gulf Leasing Company Limited(PGLC)	5.80 ▼ -0.55 (-8.66%)
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%)

Stock	Volume
WorldCall Telecom / Oct 3 Worldcall Telecom Limited(WTL)	57,958,318 ▲ 0.02
Cnergyico PK / Oct 3 Cnergyico PK Limited(CNERGY)	17,096,921 ▲ 0.12
Oil & Gas Dev. / Oct 3 Oil & Gas Development Company Limited(OGDC)	17,023,821 ▼ -0.76
Unity Foods Ltd / Oct 3 Unity Foods Limited(UNITY)	7,966,367 ▼ -0.44
Pak Petroleum / Oct 3 Pakistan Petroleum Limited(PPL)	6,591,768 ▼ -0.15
K-Electric Ltd. / Oct 3 K-Electric Limited(KEL)	5,810,746 ▲ 0.07
First Prudential Mod. / Oct 3 First Prudential Modaraba(PMI)	5,527,500 ▼ -0.09
Pak Refinery / Oct 3 Pakistan Refinery Limited(PRL)	4,796,515 ▲ 0.17
Bankislami Pak. / Oct 3 BankIslami Pakistan Limited(BIPL)	4,793,413 ▼ -0.25
Fauji Foods Ltd / Oct 3 Fauji Foods Limited(FFL)	4,775,365 ▲ 0.13

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 3	286.04
USD PKR Interbank Buying / Oct 3	285.64
USD to Japanese Yen / Oct 3	149.79
USD to Swiss Franc / Oct 3	0.92
Pound Sterling to USD / Oct 3	1.21
Euro to USD / Oct 3	1.05
UK LIBOR % / Sep 28	5.43

Stock	Volume
S&P 500 / Oct 2	4288.39
India Sensex / Oct 2	65828.41
Nasdaq / Oct 2	13307.77
Dow Jones / Oct 2	33433.35
Tokyo Nikkei / Oct 3	31237.94
Hang Seng / Oct 3	17295.97
FTSE 100 / Oct 3	7509.27
Germany DAX 30 / Oct 3	15210.01
France CAC40 / Oct 3	7048.41

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 2	18235
Gold 10 Grams PKR / Oct 2	173610
Crude Oil USD/Barrel / Oct 3	88.49
Gold Spot USD/Ounce / Oct 3	1827.91
Cotton US¢/pound / Oct 3	87.52

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