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GIDC

SNGPL’s unaudited accounts for 3Q2023: Rs135.67bn GIDC recovery raises serious questions

ISLAMABAD: Sui Northern Gas Pipelines Limited’s declaration of Rs135,673,877 as recoverable Gas Infrastructure...

Updated 24 Nov, 2024 09:59am

Business & Finance

Rs148bn receivables: SNGPL holds CPPA-G responsible

ISLAMABAD: Sui Northern Gas Company Limited (SNGPL) holds the Central Power Purchasing Agency– Guaranteed (CPPA-G),...

Updated 20 Nov, 2024 09:18am

Govt proposes increase in PL rate

ISLAMABAD: The federal government has proposed an increase in petroleum levy to Rs 80 per litre on petrol and diesel...

Updated 13 Jun, 2024 09:47am

IP gas pipeline project: CCoE decides to start work on first phase

ISLAMABAD: The Cabinet Committee on Energy (CCoE) headed by the caretaker minister for power and petroleum has...

Updated 24 Feb, 2024 08:52am

GIDC funds to be used towards IP gas pipeline

ISLAMABAD: The government is to utilise Rs 45 billion under Gas Infrastructure Development Cess (GIDC) on...

Updated 23 Feb, 2024 09:36am

Opinion

Hopium – II

Energy pricing fortnightly (fuel, LPG and LNG), monthly (power) and 6 monthly (gas) needs an approach that smoothens...

Published 10 Jan, 2024 05:22am

GIDC collection: Rs341bn remains un-utilised

No Gas Infrastructure Development Cess collection has been released to Inter State Gas Systems (Private) Limited (ISGS) since its establishment in 1996

Updated 22 Nov, 2023 10:06am

Rs327bn hike in PL proposed

ISLAMABAD: Federal government has proposed to increase the petroleum levy (PL) on petroleum products by Rs 327...

Published 10 Jun, 2023 04:47am

Opinion

Imagineering implementation of energy reforms-VII

Pakistan requires sustained GDP growth of 7-9% for 30 years. For that, by 2030 Agriculture will need to achieve 6%...

Published 04 Jun, 2023 03:35am

Business & Finance

Recovery of Rs445bn GIDC: Petroleum Div seeks help of AGP

ISLAMABAD: The Petroleum Division has sought the Attorney General of Pakistan (AGP)’s assistance in recovering Rs...

Published 07 Mar, 2023 03:16am

Body tasked to achieve budgeted GIDC target

Out of the total outstanding amount on account of GIDC, Rs 16 billion amount is outstanding against state-owned OGDCL, PPL due to circular debt.

Updated 19 Feb, 2023 07:28pm

PD’s help sought for settlement of PPL receivables of Rs132.11bn against Genco-II

ISLAMABAD: Directorate General of Gas of the Petroleum Division (PD) has sought help from the division for the...

Updated 19 Feb, 2023 02:49pm

Dar concerned at non-recovery of Rs447bn GIDC

Finance minister, according to Finance Division, has expressed serious concerns over the non-recoveries of Cess dues and expressed resolve of the government to recover each penny from the defaulters

Updated 27 Dec, 2022 09:44am

Editorials

GIDC collection remains as elusive as ever

EDITORIAL: Earlier this week, the Public Accounts Committee of the National Assembly of Pakistan was told that a...

Published 30 Sep, 2022 05:52am

FCA mechanism: KE seeks record Rs11.33 per unit hike for May

ISLAMABAD/KARACHI: K-Electric (KE) has sought unprecedented hike of Rs 11.33 per unit in its tariff to pass on...

Updated 24 Jun, 2022 10:18am

455pc hike in PL proposed

ISLAMABAD: Reliance on petroleum levy (PL) has been proposed to be raised by 455 percent in federal budget 2022-23...

Updated 11 Jun, 2022 10:08am

PD finalising draft of new Petroleum Levy Ordinance

ISLAMABAD: The Petroleum Division is in the process of finalising the draft of a new Petroleum Levy Ordinance, 2020,...

Updated 13 Aug, 2021 11:15am

Markets

FFC announces half-yearly results

KARACHI: In the meeting of Board of Directors of Fauji Fertilizer Company Limited (FFC) held on July 30, 2021, the...

Published 03 Aug, 2021 04:35am

Pakistan

LHC declares recovery of GIDC by SNGPL before 2015 illegal

LAHORE: The Lahore High Court on Saturday declared recovery of Gas Infrastructure Development Cess (GIDC) by Sui...

Published 27 Jun, 2021 03:56am

Russia, Pakistan agree to build Pakistan Stream gas pipeline

MOSCOW/ISLAMABAD: Russia and Pakistan have signed an agreement to build the Pakistan Stream gas pipeline, Russia's...

Published 29 May, 2021 03:59am

Technology

Huawei CEO hopes for 'open policy' from Biden administration

With China's huge domestic market, Huawei will likely survive but not without major changes, said Nicole Peng, analyst with Canalys.

Published 09 Feb, 2021 09:51am

Business & Finance

FFC achieves net profitability of Rs20.82bn

KARACHI: Fauji Fertilizer Company (FFC) has announced its financial results for the year ended December 31, 2020 ...

Updated 29 Jan, 2021 09:40am

Business & Finance

GIDC Issue: Hafeez Shaikh directs to form two separate sub-groups

The development comes during two separate meetings with representatives from the fertilizer industry and All Pakistan Textile Mills Association to discuss the GIDC issue on Friday.

Published 11 Sep, 2020 04:20pm

Markets

How much GIDC will each company pay? As govt orders to initiate recovery

These sectors collected Rs295.4 billion during the last ten years whereas the outstanding amount against them is Rs456.946 billion.

Published 20 Aug, 2020 11:49am

Supreme Court issues detailed verdict of GIDC case

Justice Faisal Arab of the Supreme Court wrote a detailed decision of 78 pages. The decision was written by a majority of 2-1.

Published 13 Aug, 2020 03:39pm

Markets

GIDC Case: Supreme Court orders companies to pay Rs 417 billion

The panel rejected the petitions in a 2-1 verdict, ordering the companies to pay the Gas Infrastructure Development Cess.

Updated 17 Aug, 2020 12:48pm

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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