Trends - energy sector - Business Recorder

energy sector

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

Perspectives

Revamping IPPs: lessons from international practices

Pakistan’s energy sector has long been a key contributor to the country’s economic growth and development, but it...

Published 19 Dec, 2024 11:39pm

Markets

OGDCL begins oil & gas production from Hyderabad

Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company,...

Updated 19 Dec, 2024 10:46pm

Energy sector: France concerned at ‘challenges’ faced by its firms

ISLAMABAD: Following Germany and United Kingdom (UK), France has also raised its concerns on challenges being faced...

Updated 19 Dec, 2024 03:03pm

Solar panels free of charge: Provincial govts’ move leaves policymakers scrambling

ISLAMABAD: The rampant import and installation of solar panels in the country, which is paying over Rs 2 trillion as...

Updated 17 Dec, 2024 03:24pm

Markets

OGDCL revives heavy oil well in Punjab, enhances production capacity

Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) company,...

Updated 16 Dec, 2024 10:29pm

Opinion

CTBCM stillborn

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

Updated 16 Dec, 2024 07:58am

Opinion

Invest, but not for profit

The government and other key actors are grappling with conflicting objectives in addressing Pakistan’s economic...

Updated 16 Dec, 2024 07:45am

Opinion

Lack of awareness of IMF conditions

Pakistan’s private sector elite in industry and the farm sectors, major non-institutional recipients of budgeted...

Updated 16 Dec, 2024 07:42am

Captive power plants: Govt talking with IMF, others to avoid closure

ISLAMABAD: Federal Minister for Petroleum Musadik Malik said the government is having negotiations with the...

Updated 14 Dec, 2024 11:34am

MoEA concerned about slow work at DHP

ISLAMABAD: The Ministry of Economic Affairs has expressed its serious concern on the slow implementation of 4,320MW...

Updated 14 Dec, 2024 12:08pm

Markets

PM orders reduction in power tariffs

ISLAMABAD: In a bid to bring down the soaring electricity tariffs, Prime Minister Shehbaz Sharif directed the...

Published 14 Dec, 2024 06:46am

Markets

PM Shehbaz calls for immediate shutdown of inefficient power plants, pushes for renewables

Statement from PM's Office says premier wants reforms in power sector expedited

Updated 13 Dec, 2024 09:54pm

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

$425m national transmission modernisation project: World Bank rates implementation as ‘moderately satisfactory’

ISLAMABAD: The World Bank has rated the implementation of “National Transmission Modernization Project” of $425...

Updated 13 Dec, 2024 09:14am

Over 50 Chinese cos to invest $1.4bn in Sindh projects

KARACHI: Over 50 Chinese companies are set to invest $1.4 billion in Sindh’s various sectors, including healthcare,...

Updated 13 Dec, 2024 02:27pm

Markets

‘Rs146bn unpaid’: Energy minister writes letters to provinces for outstanding power dues

Overdue electricity bills hindering ongoing reforms in energy sector, Awais Leghari says

Updated 12 Dec, 2024 10:31pm

150MW renewable energy projects: Nepra concludes hearing of KE’s Bid Evaluation Report

KARACHI: K-Electric (KE) has made remarkable progress in its journey toward renewable energy with the submission of...

Updated 12 Dec, 2024 09:39am

Business & Finance

Chinese team discusses investment, tech transfer with Sindh minister

KARACHI: Provincial Minister for Energy, Development and Planning Sindh Syed Nasir Hussain Shah meets a delegation ...

Published 11 Dec, 2024 07:56am

SIFC to take up critical energy sector issues today

ISLAMABAD: The Special Investment Facilitation Council (SIFC) will take up critical issues in meeting scheduled to...

Updated 11 Dec, 2024 03:11pm

Reko Diq project financial close likely by June 2025: ADB weighs third-party guarantee option

ISLAMABAD: The financial close of the Reko Diq Mining Project is expected by June 2025, as the Asian Development...

Updated 10 Dec, 2024 02:46pm

Power, gas theft as cognizable offence: NA panel unanimously rejects PPC amendments

ISLAMABAD: The treasury and opposition members of the National Assembly Standing Committee on Interior have...

Updated 10 Dec, 2024 09:15am

Opinion

Electricity tariffs: full cost recovery model no longer sustainable

In the energy sector, nothing seems to be working to increase consumption on the grid. The concept of full cost...

Updated 09 Dec, 2024 08:13am

Markets

IPP deals: Saif Power approves revised agreements with govt

Saif Power Limited (SPWL), an Independent Power Producer (IPP), has approved implementing amended agreements with...

Updated 06 Dec, 2024 09:15pm

Markets

MPCL, PARCO appreciate PIP

ISLAMABAD: Mari Petroleum Company Limited (MPCL) and Pak Arab Refinery Company Limited (PARCO) have expressed their...

Updated 06 Dec, 2024 07:42am

Business & Finance

Talks under way to import Russian oil: minister

ISLAMABAD: Pakistan and Russia are actively negotiating the structure of a deal for the import of Russian oil by...

Published 05 Dec, 2024 06:47am

Markets

Deals with IPPs: Nishat Chunian Power approves revised agreements with govt

Nishat Chunian Power Limited (NCPL), an Independent Power Producer (IPP), has approved the implementation of amended...

Updated 04 Dec, 2024 09:44pm

PRL denies reports of importing Russian crude at discounted rates

Markets

Government considers different options to slash the number of committed power projects of 10,000MW

Updated 02 Dec, 2024 02:58pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Swiss Franc / Dec 20	0.89
USD to Japanese Yen / Dec 23	156.63
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75
France CAC40 / Dec 20	7,274.48
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.70 ▲ 0.43 (10.07%)
Power Cem(Pref) / Dec 23 Power Cement (Pref)(POWERPS)	12.27 ▲ 1.12 (10.04%)
Treet Corp / Dec 23 Treet Corporation Limited(TREET)	24.38 ▲ 2.22 (10.02%)
Bawany Air Products / Dec 23 Bawany Air Products Limited(BAPL)	37.62 ▲ 3.42 (10.00%)
Dawood Hercules / Dec 23 Dawood Hercules Corporation Limited(DAWH)	223.96 ▲ 20.36 (10.00%)
Engro Corp / Dec 23 Engro Corporation Limited(ENGRO)	435.67 ▲ 39.61 (10.00%)
First Imrooz Mod. / Dec 23 First Imrooz Modaraba(FIMM)	220 ▲ 20.00 (10.00%)

Stock	Price
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
LSE Financial Serv. / Dec 23 LSE Financial Services Limited(LSEFSL)	14.63 ▼ -1.62 (-9.97%)
Olympia Mills / Dec 23 Olympia Mills Limited(OML)	34.60 ▼ -3.82 (-9.94%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.99 ▼ -1.52 (-9.80%)
National Silk / Dec 23 The National Silk & Rayon Mills Limited(NSRM)	50.51 ▼ -4.93 (-8.89%)
Leather Up Ltd. / Dec 23 Leather Up Limited(LEUL)	27.51 ▼ -2.67 (-8.85%)
Supernet Ltd. / Dec 23 Supernet Limited (GEM)(GEMSPNL)	15.55 ▼ -1.37 (-8.10%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.09
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.04
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.21
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▼ -0.09
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	30,423,419 ▲ 0.48
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.12
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	23,717,939 ▲ 2.06
Symmetry Group / Dec 23 Symmetry Group Limited(SYM)	21,897,051 ▲ 0.15
Hub Power Co. / Dec 23 The Hub Power Company Limited(HUBC)	20,727,996 ▲ 3.85

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