Trends - SOEs - Business Recorder

SOEs

The trainwreck that is PIA

EDITORIAL: It seems the time has come for the curtain to fall on PIA (Pakistan International Airlines) – the...

Published 26 Oct, 2023 06:08am

Chairman for engaging with Chinese SOEs to help revive PSM

ISLAMABAD: Chairman Pakistan Steel Mills (PSM) Aamir Mumtaz has proposed to the Special Facilitation Investment...

Updated 26 Oct, 2023 08:48am

Last 3 fiscal years: CMU working on SOEs’ performance

ISLAMABAD: The Central Mentioning Unit (CMU) established in the Finance Division is currently working on the...

Updated 22 Oct, 2023 10:29pm

Opinion

Removing institutional impediments

The past few days have witnessed some encouraging positive developments on the country’s financial front providing...

Updated 20 Oct, 2023 06:30am

Editorials

SOEs: one step forward, two steps back

EDITORIAL: That successive governments have failed to complete much-needed reforms in a meaningful manner is a grim...

Published 20 Oct, 2023 05:17am

International arbitration: SIFC directs law ministry to disallow SOEs

ISLAMABAD: The Apex Council of Special Investment Facilitation Council (SIFC) has directed Ministry of Law and...

Updated 20 Oct, 2023 09:01am

Opinion

Loss-making SOEs must be privatized

The SOEs are required to be privatised. This compulsion is driven by no other reason than that going forward, no...

Updated 14 Oct, 2023 06:09am

Almost all its vacant posts filled: PC moves to quicken SOEs’ sell-off process

ISLAMABAD: The Privatisation Commission filled on Thursday almost all the posts which had been lying vacant for long...

Updated 13 Oct, 2023 09:25am

Opinion

No more business as usual—IV

Survival is increasingly challenging and overhaul of the economy is only possible with a credible roadmap undertaken...

Updated 12 Oct, 2023 06:40am

PIA, other loss-making SOEs: PM for accelerating privatisation process

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday directed the Privatization Commission to...

Updated 12 Oct, 2023 08:45am

Pakistan

SOEs running into losses add to economic woes: PM Kakar

Interim prime minister directs for accelerating privatisation process of PIA

Published 11 Oct, 2023 10:58pm

Privatising Discos to create private-sector monopolies, warns World Bank

ISLAMABAD: The privatisation of distribution companies (Discos) may lead to private-sector monopolies in the absence...

Updated 10 Oct, 2023 08:46am

PIA tops sell-off list, World Bank told

Meeting takes place between Federal Minister for Privatisation Fawad Hasan Fawad and Najy Benhassine, the country head of the World Bank

Updated 06 Oct, 2023 10:16am

SIFC forum for fast-tracking sell-off process

ISLAMABAD: Special Investment Facilitation Council (SIFC) Apex Committee has resolved with consensus on...

Updated 05 Oct, 2023 08:46am

Opinion

No more business as usual-I

It is stated that Pakistan requires a sustained GDP growth of 7-9% for 30 years, increase focus on reducing...

Updated 04 Oct, 2023 06:58am

Opinion

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Cotton US¢/pound / May 2	77.01
Petrol/Litre / May 3	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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