Trends - Energy costs - Business Recorder

Energy costs

High energy, financial costs cited: Cotton output likely to decline, NA panel told

ISLAMABAD: Cotton production in the country is forecast to decline in 2024-25 due to high energy and financial...

Updated 17 Aug, 2024 09:39am

BMP for revisiting power purchase contracts with a view to reducing energy cost

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has stressed the need...

Updated 15 Jul, 2024 09:04am

Perspectives

Net-metering: turning up the heat on Pakistani people instead of IPPs

As usual, Pakistan finds itself caught in a quagmire when it comes to its energy policy. Never mind that it added...

Published 23 May, 2024 08:39pm

Markets

Power generation in Pakistan falls nearly 14% YoY in April

Power generation in Pakistan clocked in at 8,639 GWh (11,612 MW) in April 2024, 13.7% lower as compared to the same...

Updated 21 May, 2024 09:02pm

BR Research

No-growth policy working

The current account is in surplus ($491 mn in April 2024) for yet another month. The 10MFY24 deficit is a meager...

Updated 20 May, 2024 10:02am

Opinion

Time to act: 9 cents/kWh

The country faces daunting economic challenges. A shrinking industrial base, a bulging workforce with no jobs to...

Updated 15 May, 2024 06:28am

Opinion

Deindustrialisation amid rising energy costs

Against the backdrop of unaffordable energy tariffs, the government is taking a significant step by proposing to...

Updated 04 Mar, 2024 04:35am

Business & Finance

PBF wants a ‘non-technocrat’ as next finance minister

KARACHI: Pakistan Business Forum (PBF) has urged the Prime Minister (in-waiting) to appoint a politician on the slot...

Updated 23 Feb, 2024 10:48am

Business & Finance

Industrial power tariffs: High energy costs causing decline in power consumption: APTMA

KARACHI: Industrial power tariffs in Pakistan are currently at around 17 cents/kWh. This is over twice the regional...

Published 22 Feb, 2024 06:55am

Business & Finance

Rising energy costs: APTMA says 50pc industry at high risk of closure

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has again raised its voice against high electricity and...

Published 15 Feb, 2024 05:39am

Opinion

Export sector: prohibitive energy costs

If the economy is to be stabilized, exports can no longer afford to pay for the energy sector’s failures and...

Published 03 Oct, 2023 06:02am

FPCCI’s BMP says concerned at rupee slide

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s (FPCCI) Businessmen Panel (BMP) has said...

Updated 21 Aug, 2023 09:33am

Opinion

Setting the record straight

In FY23, textile exports plunged by $2.8 billion (15% decline) compared to FY22, derailing positive developments...

Updated 13 Jul, 2023 05:25am

Business & Finance

Rising transportation costs fuelling inflation, says expert

KARACHI: In our country, the transportation cost is rising constantly and thus is unbearable. It has almost doubled...

Published 20 Mar, 2023 06:12am

Opinion

Price falls, red tape curb demand from businesses for German energy subsidy

Take-up by German companies of a government scheme to help with energy costs this winter is likely to be lower than...

Published 11 Feb, 2023 05:57am

Markets

Soaring energy costs push UK public borrowing to November record

LONDON: British public borrowing unexpectedly jumped last month to hit its highest for any November on record,...

Published 26 Dec, 2022 06:45am

Business & Finance

Descon Oxychem Ltd production increases by 23.57pc

KARACHI: Descon Oxychem Limited (DOL), the leading manufacturer and exporter of hydrogen-peroxide (H2O2) and allied...

Published 08 Nov, 2022 07:31am

Markets

EU signals shifts towards gas price cap

STRASBOURG, (France): The EU is “ready to discuss” a price cap on gas within the bloc to bring down soaring...

Published 06 Oct, 2022 05:59am

Opinion

Crisis-hit German toilet paper maker turns to coffee grounds

Choked by soaring energy and wood pulp costs, German toilet paper maker Hakle is turning to waste from coffee...

Published 19 Sep, 2022 05:45am

Business & Finance

Aug cement despatches decline 23.98pc to 3.296m tons YoY

LAHORE: Massive reduction in cement demand due to economic instability and day-by-day increasing energy costs ...

Updated 03 Sep, 2022 12:34pm

Markets

Tokyo rubber lower

SINGAPORE: Japanese rubber futures inched lower on Tuesday, as weak domestic economic data weighed on sentiment,...

Published 24 Aug, 2022 05:08am

Opinion

LNG supply efficient use

An important subject as covered in BR issue of June 17 highlights a very important requirement of affordable ...

Published 23 Jun, 2022 06:05am

World

Greece plans more relief for homes and businesses hit by energy costs

ATHENS: Greece will provide further financial relief to households, businesses and farmers facing higher outgoings...

Published 19 Dec, 2021 04:37am

Business & Finance

German inflation hits 29-year high in November

FRANKFURT: German consumer prices hit a 29-year high in November, preliminary data showed Monday, as soaring energy...

Published 30 Nov, 2021 05:23am

Opinion

No solution in sight? - II

One would have thought that at least for such critical issues, there will be consensus and political wrangling will...

Published 05 Nov, 2021 04:39am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	155.74
USD to Swiss Franc / Jan 17	0.91
Pound Sterling to USD / Jan 17	1.22

Stock	Volume
S&P 500 / Jan 16	5,937.34
Nasdaq / Jan 16	19,338.29
Dow Jones / Jan 16	43,153.13
India Sensex / Jan 17	76,671.81
Tokyo Nikkei / Jan 17	38,451.46
Hang Seng / Jan 17	19,567.81
FTSE 100 / Jan 17	8,477.94
Germany DAX 30 / Jan 17	20,852.83

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 16	18,785
Gold 10 Grams PKR / Jan 16	241,941
Crude Oil USD/Barrel / Jan 17	79.09
Gold Spot USD/Ounce / Jan 17	2,713.02
Cotton US¢/pound / Jan 17	67.05
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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