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Pakistan Steel Mills

New steel mills in Karachi: Pakistan, Russia agree to constitute working group

ISLAMABAD: Pakistan and Russia have agreed to constitute a working group to move forward on a proposal of...

Published 19 Sep, 2024 06:37am

Markets

Pakistan govt considers proposal to establish new steel mill in Karachi with Russian cooperation

The government is considering a proposal to establish a new steel mill in Karachi with Russian cooperation and both...

Updated 18 Sep, 2024 11:31pm

Business & Finance

CCP recovers Rs27m in penalties from PSM, Reliance Paints

ISLAMABAD: The Competition Commission of Pakistan (CCP) has successfully recovered Rs 27 million in penalties from...

Published 11 Sep, 2024 06:31am

Pakistan

NA body forms sub-committee to address PSM matters

ISLAMABAD: The National Assembly (NA) Standing Committee on Industries and Production has constituted a four members...

Updated 16 Aug, 2024 08:33am

Opinion

The way forward

Sale of state-owned entities (SOEs) and not resuscitating the non-operational Pakistan Steel Mills is the mantra of...

Updated 22 Jul, 2024 07:11am

Editorials

PSM and the wider debate about SOEs

EDITORIAL: The Board of Directors (BoD) of the Pakistan Steel Mills (PSM) is either reading too much into recent...

Published 19 Jul, 2024 06:12am

Dues hit Rs97.697bn mark: SSGC disconnects supply to PSML

KARACHI: Sui Southern Gas Company (SSGC) has disconnected gas supply to Pakistan Steel Mills Limited (PSML) due to...

Updated 06 Jul, 2024 08:59am

Govt has decided to shut down PSM, Senate panel told

ISLAMABAD: The government has decided to permanently shut down Pakistan Steel Mills (PSM), a state-owned enterprise...

Updated 04 Jul, 2024 03:04pm

Pakistan

Reconstituting BoD of PSM: Ministry seeks cabinet body’s approval

ISLAMABAD: The Ministry of Industries and Production has sought the approval of the Cabinet Committee on State-Owned...

Published 27 Jun, 2024 06:52am

Pakistan

Gas supply to Steel Town: Residents asked to make alternate arrangements

KARACHI: The management of Pakistan Steel Mills (PSM) has asked the residents of Steel Town to make alternate...

Published 25 May, 2024 05:55am

Beleaguered PSM under ECC focus

ISLAMABAD: The Economic Coordination Committee (ECC) of Cabinet has directed Ministry of Industries and Production...

Updated 15 May, 2024 08:48am

Business & Finance

Mahni made caretaker CEO of PSM

ISLAMABAD: The Ministry of Industries and Production after the passage of 11 months has assigned the look after...

Published 07 May, 2024 06:05am

SOEs privatisation: PPP for exploring public-private partnerships

KARACHI: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari has advocated for a pragmatic approach towards...

Updated 02 May, 2024 09:22am

Govt forms body for PSM revival

KARACHI: The Federal Ministry of Industry and Production on Saturday constituted an 8-member committee to revive the...

Updated 28 Apr, 2024 09:25am

15 to 20 institutions: Govt seeks swift privatisation

ISLAMABAD: Federal Minister for Privatisation and Board of Investment Abdul Aleem Khan has said that in the present...

Updated 15 Mar, 2024 09:17am

Business & Finance

Revival of PSM will help boost economy: PDP chairman

KARACHI: Revival of the Pakistan Steel Mills would surely help in boosting our economy but the provincial government...

Published 11 Mar, 2024 04:45am

PSM’s delisting from sell-off list: BoD requests ministry to move Cabinet for review

ISLAMABAD: The Board of Directors (BoD) of Pakistan Steel Mills (PSM) has reportedly requested the Ministry of...

Updated 06 Feb, 2024 09:51am

Pakistan

Senate body to decide PSM’s fate within 3 months

ISLAMABAD: Senate Standing Committee on Industries and Production directed Ministry of Industries and Production to...

Published 12 Jan, 2024 03:06am

Editorials

PIA sell-off on the slippery runway

EDITORIAL: Finally, the government, though an interim one, has set the ball rolling insofar as the planned sell-off...

Published 12 Jan, 2024 03:06am

Business & Finance

Loss-making SOEs: business community voices concerns

ISLAMABAD: The business community while expressing grave concerns over the massive losses of around Rs1.4 trillion...

Published 09 Jan, 2024 04:18am

Idea of establishment of ‘industrial’ park on PSM land under CPEC hailed

KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor here Sunday said that the best option is to revive the...

Updated 01 Jan, 2024 09:08am

PSM revival: Senate body asks govt to take ‘practical’ steps

ISLAMABAD: The Senate Standing Committee on Industries and Production, Friday, while expressing serious concerns...

Updated 23 Dec, 2023 12:26pm

Govt embarks on restructuring PIA, PSM, railways

Federal government has periodically been releasing unbudgeted support to pay the salaries of Pakistan Steel Mills employees since 2013

Updated 01 Dec, 2023 12:42pm

Business & Finance

Sui Southern Gas Company bleeds Rs11.41bn in losses in FY22

Sui Southern Gas Company (SSGC) incurred massive losses to the tune of Rs11.41 billion in fiscal year 2021-2022. In...

Updated 20 Nov, 2023 10:10pm

Opinion

Loss-making SOEs: all is not lost

This is apropos a Business Recorder op-ed “SOEs in Pakistan, India, and Bangladesh” carried by the newspaper on...

Published 17 Nov, 2023 06:06am

Opinion

SOEs in Pakistan, India, and Bangladesh

State-Owned Enterprises (SOEs) are a common feature in the economic landscapes of developing countries such as...

Published 15 Nov, 2023 06:09am

All set to hand over PSM to MoI&P

ISLAMABAD: The Ministry of Privatisation is all set to hand over Pakistan Steel Mills (PSM) to the Ministry of...

Updated 13 Nov, 2023 09:50am

Editorials

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 31	277.92
USD PKR Interbank Buying / Oct 31	277.72
USD to Japanese Yen / Oct 31	152.20
USD to Swiss Franc / Oct 31	0.86
Pound Sterling to USD / Oct 31	1.30
Euro to USD / Oct 31	1.09

Stock	Volume
S&P 500 / Oct 30	5,813.67
Nasdaq / Oct 30	18,607.93
Dow Jones / Oct 30	42,141.54
India Sensex / Oct 31	79,453.59
Tokyo Nikkei / Oct 31	39,081.25
Hang Seng / Oct 31	20,382.25
FTSE 100 / Oct 31	8,105.12
Germany DAX 30 / Oct 31	19,158.33

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 30	18,085
Gold 10 Grams PKR / Oct 30	246,403.40
Crude Oil USD/Barrel / Oct 31	69
Gold Spot USD/Ounce / Oct 31	2,781.74
Cotton US¢/pound / Oct 31	69.77
Petrol/Litre / Nov 1	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Pakistan Steel Mills

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