Trends - energy prices - Business Recorder

energy prices

Blaming IMF for inflation!

EDITORIAL: In response to a query from a member of the Treasury benches, Tahira Aurangzeb, the Ministry of Finance...

Published 13 Dec, 2024 07:27am

Opinion

Towards ‘Take and Pay’ contract settlement

Energy prices have increased tremendously which has created controversy and unrest in the country. IPP (Independent...

Published 18 Oct, 2024 06:58am

Pakistan

High energy prices hitting the poor hardest: World Bank

ISLAMABAD: The World Bank has revealed that high energy prices in Pakistan disproportionately impact the poor, as...

Published 11 Oct, 2024 06:30am

Perspectives

CTBCM’s impact: a promise of affordable and reliable electricity?

The potential transition of Pakistan’s power sector to a competitive wholesale electricity market under the...

Published 04 Oct, 2024 09:30pm

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

Opinion

Utter madness

Pakistan’s economic management, particularly its treatment of export-oriented industries, is nothing short of...

Published 19 Sep, 2024 06:37am

Policy rate cut yet again as inflation cools

KARACHI: As per expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday...

Updated 13 Sep, 2024 09:21am

Opinion

Tax burdens and fiscal discipline

After an inflation-ridden Fiscal Year 2023-24 (“FY24”), wherein the average inflation for the FY24 was 23.4%,...

Published 04 Sep, 2024 07:06am

Markets

No intention to tax imported solar panels, says Leghari

Federal Minister for Power Sardar Owais Ahmed Khan Leghari said the incumbent government has no intention to impose...

Updated 29 Aug, 2024 10:26pm

Business & Finance

FPCCI wants cut in electricity tariffs

KARACHI: Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce & Industry...

Published 29 Aug, 2024 06:53am

Markets

Pakistan Oilfields announces significant hydrocarbon find in Khyber Pakhtunkhwa

Pakistan Oilfields Limited (POL), an oil and gas exploration company, announced further testing results from the...

Updated 19 Aug, 2024 04:35pm

Business & Finance

Investment in Pakistan: Govt urged to collaborate with FPCCI

LAHORE: S M Tanveer, Patron-in-Chief of the United Business Group (UBG) and former Punjab Minister, has made a...

Published 16 Aug, 2024 06:56am

Business & Finance

‘Current power price harmful for production, business, exports’

KARACHI: The Chairman of the FPCCI Advisory Board and National Business Group Pakistan, President Pakistan...

Published 14 Aug, 2024 06:40am

BR Research

Circling the drain

Inflation was fairly tamed, a second policy rate cut well in play, and after a particularly gruelling exercise of...

Published 30 Jul, 2024 06:46am

BR Research

Pakistan’s textile in a brave new world

Exchange rate, energy prices, or pricing in the global market – something will have to give, and fast. Despite fears...

Published 22 Jul, 2024 08:23am

Markets

Up to 200 units of consumption: PM Shehbaz announces Rs50bn power subsidy for 25mn households

Says time has come for 'elite to make sacrifices'

Updated 09 Jul, 2024 09:32pm

Markets

E&Ps look to invest $5bn in Pakistan’s energy sector: govt statement

Delegation meets PM Shehbaz Sharif who forms committee headed by deputy premier Ishaq Dar

Updated 06 Jul, 2024 07:53pm

BR Research

WPI bottomed out – what is next?

The single-digit Wholesale Price Index (WPI) expectedly lasted only a month, as June 2024 saw the WPI at 10.6...

Published 04 Jul, 2024 08:36am

Business & Finance

KATI president highlights ‘lack’ of facilities, incentives for industrial sector in budget

KARACHI: The President of the Korangi Association of Trade and Industry (KATI), Johar Qandhari, has voiced strong...

Published 15 Jun, 2024 06:57am

Business & Finance

PTC for cut in energy cost, interest rates

ISLAMABAD: The Pakistan Textile Council (PTC), representing nation’s leading textile and apparel exporters, has...

Published 09 Jun, 2024 03:10am

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

Inflation expectations: normalcy in sight?

The recent data points and trends suggest that inflation is likely to come down at a faster pace than expected. This...

Updated 06 May, 2024 07:04am

BR Research

Inflation: is the worst over?

The headline is that the headline inflation is finally below 20 percent. It stood at 17.3 percent for April 24 – the...

Updated 03 May, 2024 09:55am

Opinion

Rising energy prices: adverse impact on masses

In Pakistan, 64 percent of total energy demand is met by fossil fuels, while hydropower’s and renewables’ share...

Published 04 Apr, 2024 04:56am

Markets

Romanian govt lowers regulated energy prices in support scheme

BUCHAREST: Romania’s government on Thursday lowered the price levels in its energy support scheme for households,...

Published 30 Mar, 2024 04:58am

Pakistan

‘Price hike can ultimately lead to political crisis’

KARACHI: Chairman of National Business Group Pakistan, Mian Zahid Hussain said that increasing prices of ...

Published 22 Mar, 2024 04:57am

BR Research

Rate cut in the offing?

The bond market is expecting a rate cut soon while the forex players are expecting the currency to be under...

Published 08 Mar, 2024 09:14am

Business & Finance

Increase in prices of energy, petrol termed disaster for industry

KARACHI: President of United Business Group (UBG), Zubair Tufail has said that the frequent increase in the prices ...

Published 20 Feb, 2024 03:09am

Business & Finance

FPCCI president opposes frequent hikes in energy prices

KARACHI: Atif Ikram Sheikh, President FPCCI, has strongly demanded that the government reevaluate its policy of...

Published 19 Feb, 2024 05:24am

Business & Finance

Policy rate kept unchanged at 22pc on inflation

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to maintain the policy...

Published 30 Jan, 2024 04:52am

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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