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sugar mills

Rs29.3bn ‘default’: notices issued to 27 sugar mills in Punjab

LAHORE: The Cane Commissioner Punjab taking action against the sugar mills that have not timely paid dues to...

Published 11 Mar, 2023 03:16am

Markets

Over two dozen sugar mills close early in India’s Maharashtra state

MUMBAI: More than two dozen mills in India’s top sugar producing state of Maharashtra had stopped cane crushing by...

Published 02 Mar, 2023 03:18pm

Business & Finance

Philippines envoy says her country could become potential sugar market

FAISALABAD: The Philippines may become a potential sugar market for Pakistan, said Her Excellency Madam Dan Erwin C....

Published 02 Mar, 2023 06:23am

Opinion

Great hamam and the ‘naked’ elite

A journalist’s job is to ask questions, not give answers, said the late great foreign correspondent Robert Fisk....

Published 23 Feb, 2023 05:52am

IR officials deputed at 33 sugar mills in Punjab

ISLAMABAD: After certain instances of misuse of the track-and-trace system, the Federal Board of Revenue (FBR) has...

Updated 07 Feb, 2023 08:45am

SBP issues mechanism for quota-based sugar export

ISLAMABAD: The State Bank of Pakistan (SBP) has issued instructions to the Authorised Dealers (ADs) for export of...

Updated 31 Jan, 2023 09:01am

Markets

Indian sugar mills to close early as rain hits cane supply

MUMBAI: Sugar mills in India’s top producing state Maharashtra are set to stop cane crushing 45 to 60 days earlier...

Published 29 Jan, 2023 03:15am

Pakistan

FBR chief asks CCIRs to meet revenue targets

KARACHI: Asim Ahmed, Chairman Federal Board of Revenue (FBR) on Saturday held a meeting with Chief Commissioners of...

Published 22 Jan, 2023 03:08am

SBP announces sugar export mechanism

Makes it mandatory for sugar mills to bring sugar export proceeds into Pakistan within 60 days of the opening of Letter of Credit (LC)

Updated 22 Jan, 2023 10:16am

Business & Finance

Poor monitoring of TTS: FBR suspends supervisory staff at sugar mills

ISLAMABAD: The Federal Board of Revenue (FBR) has suspended the supervisory staff deputed for monitoring at the ...

Published 21 Jan, 2023 07:31am

Sales tax calculation: Not fixing minimum value of sugar to affect FBR revenue

ISLAMABAD: The Federal Board of Revenue (FBR)’s decision of not fixing the minimum value on the supply of sugar ...

Updated 21 Jan, 2023 08:52am

Business & Finance

Ongoing crushing season in Punjab: Sugar mills have bought sugar cane worth Rs158bn

LAHORE: Sugar mills of the province have so far purchased sugarcane worth Rs 158 billion during the ongoing crushing...

Published 19 Jan, 2023 05:58am

Mills to get quotas for sugar export on basis of installed capacity

ISLAMABAD: The government is to allocate sugar quota to mills for exports on the basis of their installed capacity...

Updated 13 Jan, 2023 08:49am

Markets

This year’s sugarcane crop in Punjab rises 6.5pc YoY: cane commissioner

LAHORE: Sugar mills in Punjab have so far crushed 9.8 million metric tons of sugarcane during the ongoing crushing...

Published 21 Dec, 2022 06:05am

Business & Finance

Supply of sugar: LHC restrains FBR from setting minimum value

ISLAMABAD: The Lahore High Court (LHC) has restrained the Federal Board of Revenue (FBR) from the fixation of the...

Published 21 Dec, 2022 06:05am

Business & Finance

Sugar mills directed to purchase NSG-59 from growers

LAHORE: The Sugarcane Control Board (SCB) on Friday has directed all the sugar mills of the province to purchase...

Published 10 Dec, 2022 07:41am

Business & Finance

DCs asked to check ‘deductions’ at sugar mills

LAHORE: Taking notice of the alleged deductions being made by the sugar millers, the Cane Commissioner Punjab has...

Published 04 Dec, 2022 03:37am

Pakistan

Delay in sugarcane crushing: DCs in Punjab directed to register FIRs against six mills

LAHORE: The Cane Commissioner Punjab has directed the additional cane commissioners/deputy commissioners to get ...

Published 03 Dec, 2022 05:51am

Pakistan

Notices issued to 10 sugar mills for not starting crushing

LAHORE: The Cane Commissioner Punjab on Monday issued show-cause notices to 10 sugar mills of the province for not...

Published 29 Nov, 2022 05:57am

Dar willing to allow sugar export?

ISLAMABAD: Finance Minister Ishaq Dar is said to have expressed his willingness to allow the export of sugar;...

Updated 29 Nov, 2022 09:42am

Business & Finance

Punjab govt orders action against sugar mills failing to start crushing

LAHORE: The Punjab government has decided to take stern action against the sugar mills for not starting crushing ...

Published 25 Nov, 2022 05:48am

Pakistan

District admins directed to ensure start of cane crushing before 25th

LAHORE: The Cane Commissioner Punjab on Tuesday directed the district administrations to take necessary measures to...

Published 23 Nov, 2022 05:55am

Business & Finance

Export demand: Dar to meet owners of sugar mills

ISLAMABAD: Finance Minister Ishaq Dar will hold a meeting with sugar mill owners today (Monday) to mull over the...

Published 21 Nov, 2022 05:59am

PSMA seeks export of surplus sugar to make room for new stock

LAHORE: Pakistan Sugar Mills Association (PSMA) has reiterated their claim that ample stocks of sugar is lying in...

Updated 21 Oct, 2022 09:43am

Business & Finance

Punjab mills: production of sugar to be regularised

LAHORE: A sub-committee of the provincial cabinet has decided to regularize the production of sugar beyond the...

Published 08 Oct, 2022 03:25am

Business & Finance

PSMA for export of surplus sugar on priority basis

LAHORE: Pakistan Sugar Mills Association (PSMA) claiming that Pakistan will have a definite surplus of sugar to the...

Published 16 Aug, 2022 03:59am

Pakistan

Sugar mills start submitting records to cane commissioner

LAHORE: Following directions by the Lahore High Court (LHC) to the State Bank of Pakistan (SBP) to ensure sharing of...

Published 02 Aug, 2022 05:36am

Opinion

Irresistible force meets the immovable object

It was clear from the first few minutes of the Supreme Court’s proceedings that the pendulum was going to swing...

Published 28 Jul, 2022 04:41am

Opinion

Is sovereign default inevitable? – II

The first Prime Minister of India, Pandit Jawaharlal Nehru, said the following on the occasion of abolition of...

Updated 14 Jul, 2022 06:28am

Over Rs300m yearly income: 13 sectors to pay 10pc supertax for a year: Miftah

ISLAMABAD: Finance Minister Miftah Ismail Friday announced a 10 percent super tax on 13 sectors – having yearly...

Updated 25 Jun, 2022 09:43am

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 29 The Pakistan General Insurance Co. Ltd.(PKGI)	4.42 ▲ 0.62 (16.32%)
Popular Islamic / Mar 29 Popular Islamic Modaraba(PIM)	8.15 ▲ 1.00 (13.99%)
KASB Modaraba / Mar 29 KASB Modaraba(KASBM)	1.24 ▲ 0.15 (13.76%)
Invest Bank / Mar 29 Invest Capital Investment Bank Limited(ICIBL)	1.19 ▲ 0.10 (9.17%)
Khyber Tex. / Mar 29 Khyber Textile Mills Limited(KHYT)	369.70 ▲ 25.79 (7.50%)
J.K.Spinning / Mar 29 J.K. Spinning Mills Limited(JKSM)	43.32 ▲ 3.02 (7.49%)
Khairpur / Mar 29 Khairpur Sugar Mills Limited(KPUS)	67.61 ▲ 4.71 (7.49%)
Quetta Textile / Mar 29 Quetta Textile Mills Limited(QUET)	15.22 ▲ 1.06 (7.49%)
Zahid Jee Textile / Mar 29 Zahidjee Textile Mills Limited(ZAHID)	26.87 ▲ 1.87 (7.48%)
Shield Corp. / Mar 29 Shield Corporation Limited(SCL)	304 ▲ 20.89 (7.38%)

Stock	Price
Pak. P.V.C. / Mar 29 Pakistan PVC Limited(PPVC)	3.91 ▼ -0.99 (-20.20%)
First Pak Mod. / Mar 29 First Pak Modaraba(PAKMI)	1.20 ▼ -0.20 (-14.29%)
Bilal Fibres / Mar 29 Bilal Fibres Limited(BILF)	2.15 ▼ -0.29 (-11.89%)
Unicap Modaraba / Mar 29 Unicap Modaraba(UCAPM)	1.61 ▼ -0.19 (-10.56%)
U.D.L.Modaraba / Mar 29 First UDL Modaraba(FUDLM)	4.71 ▼ -0.49 (-9.42%)
Media Times Ltd / Mar 29 Media Times Limited(MDTL)	1.82 ▼ -0.16 (-8.08%)
Ghazi Fabrics / Mar 29 Ghazi Fabrics International Limited(GFIL)	4.07 ▼ -0.34 (-7.71%)
Saritow Spinning / Mar 29 Saritow Spinning Mills Limited(SSML)	4.03 ▼ -0.33 (-7.57%)
Metro Steel / Mar 29 Metropolitan Steel Corporation Limited(MSCL)	27.39 ▼ -2.22 (-7.50%)
Nimir Ind.Chem. / Mar 29 Nimir Industrial Chemicals Limited(NICL)	57.77 ▼ -4.68 (-7.49%)

Stock	Volume
Telecard Limited / Mar 29 Telecard Limited(TELE)	23,781,500 ▼ -0.33
WorldCall Telecom / Mar 29 Worldcall Telecom Limited(WTL)	9,342,048 ▼ -0.02
Pakistan Alumin / Mar 29 Pakistan Aluminium Beverage Cans Limited(PABC)	7,635,500 ▼ -2.29
Pak Int.Bulk / Mar 29 Pakistan International Bulk Terminal(PIBTL)	5,999,500 ▼ -0.17
Nishat Mills Ltd / Mar 29 Nishat Mills Limited(NML)	4,517,772 ▼ -0.92
Shifa Int.Hosp / Mar 29 Shifa International Hospitals Limited(SHFA)	4,299,000 ▲ 8.00
Pak Elektron / Mar 29 Pak Elektron Limited(PAEL)	4,048,000 ▼ -0.07
K-Electric Ltd. / Mar 29 K-Electric Limited(KEL)	3,769,542 ▼ -0.02
Habib Bank / Mar 29 Habib Bank Limited(HBL)	3,527,993 ▼ -1.26
D.G.K.Cement / Mar 29 D.G. Khan Cement Company Limited(DGKC)	3,430,473 ▼ -0.07

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 29	284
USD PKR Interbank Buying / Mar 29	283.40
USD to Japanese Yen / Mar 29	131.67
USD to Swiss Franc / Mar 29	0.92
Pound Sterling to USD / Mar 29	1.23
Euro to USD / Mar 29	1.08
UK LIBOR % / Mar 28	4.81

Stock	Volume
S&P 500 / Mar 28	3971.27
Nasdaq / Mar 28	11716.08
Dow Jones / Mar 28	32394.25
India Sensex / Mar 29	57772.50
Tokyo Nikkei / Mar 29	27883.78
Hang Seng / Mar 29	20191.68
FTSE 100 / Mar 29	7506.30
Germany DAX 30 / Mar 29	15242.54
France CAC40 / Mar 29	7139.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 28	18935
Gold 10 Grams PKR / Mar 28	175411
Crude Oil USD/Barrel / Mar 29	73.63
Gold Spot USD/Ounce / Mar 29	1966.74
Cotton US¢/pound / Mar 29	82

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