Trends - circular debt - Business Recorder

circular debt

Power sector: role of WB, ADB, IMF

Once again the World Bank (WB) is reported to be currently working with the government to invite private sector...

Updated 21 Dec, 2024 07:32am

Opinion

CTBCM stillborn

Pakistan’s energy sector stands ensnared in inefficiencies, financial instability, and a chronic inability to...

Updated 16 Dec, 2024 07:58am

Markets

Outsandings against provincial depts/entities: Power minister seeks CMs’ intervention for recovery

ISLAMABAD: Minister for Power, Sardar Awais Ahmed Khan Leghari has sought personal interventions of chief ministers...

Published 13 Dec, 2024 06:29am

Opinion

The unseen costs of power sector mismanagement

The ongoing public discourse surrounding K-Electric’s PKR 68 billion claim for write-offs reveals an alarming gap...

Published 11 Dec, 2024 07:23am

BR Research

Winter Incentive Package: A welcome U-Turn

The government’s decision to include net metering electricity consumers in the Winter Demand Initiative is a...

Published 10 Dec, 2024 09:00am

BR Research

Power sector privatisation – A pipe dream without cost allowances

There is perhaps no country in the world where bad debts do not exist in the energy utility sector, and usually,...

Published 10 Dec, 2024 08:56am

Revised PPAs inked with about one dozen IPPs

Government’s energy task force engaged in ‘hard talks’ with IPPs of 1994 and 2002, who are still resisting on the proposed cut in their profits, financial gains of the past and interest on late payment

Updated 30 Nov, 2024 04:34pm

NJHPP shutdown, Kanupp debt re-profiling: Consumers deprived of Rs60bn benefit: Nepra

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday said the projected financial...

Updated 21 Nov, 2024 09:22am

Q1FY25: PD claims Discos’ losses drop 22pc

ISLAMABAD: The Power Division has claimed that losses of power Distribution Companies (Discos) have declined by over...

Updated 21 Nov, 2024 09:10am

Editorials

Legal action against Discos?

EDITORIAL: How on earth is Nepra (National Electric Power Regulatory Authority), a public sector entity, going to...

Updated 16 Nov, 2024 08:17am

BR Research

Addressing thefts and losses in Discos

Reportedly, the energy regulator NEPRA is initiating legal action against DISCOs due to their deteriorating...

Published 14 Nov, 2024 06:44am

T&D losses amassed: Nepra to sue Discos for Rs276bn circular debt

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has decided to initiate legal action against the...

Updated 12 Nov, 2024 09:09am

ECC approves circular debt management plan

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved circular debt management plan...

Updated 05 Nov, 2024 09:29am

Business & Finance

Experts for converting circular debt into cheap public debt

LAHORE: To address the issue of circular debt, power sector experts have suggested converting circular debt into...

Published 22 Oct, 2024 06:33am

Thar coalfield phase-II: Sindh govt sounds alarm over delay in financial close

ISLAMABAD: The Sindh government has conveyed its concerns to Islamabad on possible financial implications of delay...

Updated 13 Oct, 2024 09:45am

Power sector: Govt commits to IMF about drastic reforms

ISLAMABAD: The government has committed to the International Monetary fund (IMF) to revise terms of Power Purchase...

Updated 12 Oct, 2024 09:59pm

IMF assured of semi-annual gas tariff adjustment by Feb 15, 2025

IMF suggests gradually adjusting the tariff structure while implementing direct cash transfers through the Benazir Income Support Programme to protect vulnerable households

Updated 12 Oct, 2024 09:35pm

Reducing power tariff top priority: Awais

ISLAMABAD: Federal Minister for Energy, Sardar Awais Ahmad Khan Leghari, said on Sunday that the government is...

Updated 07 Oct, 2024 03:07pm

Opinion

The investment slump

The year, 2023-24, has witnessed the lowest ever level of fixed investment in Pakistan. It is estimated at 11.4% of...

Updated 01 Oct, 2024 07:21am

Opinion

Country’s energy woes

Energy sector issues risk further deepening Pakistan’s socio-economic divides as recent years have witnessed an...

Updated 30 Sep, 2024 09:02am

Editorials

Grappling with circular debt woes

EDITORIAL: The incompetence, corruption and inefficiency plaguing the country’s power sector ensure that Pakistan...

Published 26 Sep, 2024 06:48am

Opinion

Building a resilient energy sector

The power sector in Pakistan has become a hotbed of discussions, with a particular focus on the long-standing issue...

Updated 23 Sep, 2024 07:38am

Senate’s recommendations on ‘illegitimate’ payments to IPPs: PD asked to share implementation status

ISLAMABAD: The Power Division has reportedly been asked to share implementation status of Senate’s recommendations...

Updated 10 Sep, 2024 09:21am

Settlement of circular debt thru adjustments strong probability

Deputy PM Ishaq Dar directs Petroleum and Power Division to reassess the plan for settlement of circular debt through cash/ non-cash adjustments

Updated 09 Sep, 2024 09:42am

BR Research

Half-baked measures: Pakistan’s struggle to curb power theft

Since late 2023, the government has been cracking down on electricity theft across the country, which has long been...

Published 03 Sep, 2024 07:00am

Tiered pricing system: Gas tariff hike spared 66pc of consumers: Musadik

ISLAMABAD: Petroleum Minister Musadik Malik Wednesday clarified that 66 percent of gas consumers remain unaffected...

Updated 22 Aug, 2024 09:33am

‘Publicly or privately’: PD says ready to share IPP deals with NA panel

Committee informs Punjab-based Discos are incurring financial loss of Rs 150 billion per annum

Updated 17 Aug, 2024 05:29pm

Business & Finance

Circular debt becomes major obstacle to progress: UBG

KARACHI: The circular debt, a persistent and growing challenge for Pakistan’s economy, has reached alarming levels...

Published 15 Aug, 2024 05:59am

Discos add Rs596bn to circular debt

Nepra says Discos' breach of target contributed around Rs.276 billion to circular debt for the FY 2023-24

Updated 14 Aug, 2024 04:23pm

Editorials

Shifting to Thar coal

EDITORIAL: How on earth is Pakistan going to convince Chinese power plants – in Sahiwal, Port Qasim and Hub, with ...

Published 12 Aug, 2024 06:36am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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