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PIACL

PIA sell-off: Govt will have to own Rs800bn in liabilities: Asif

ISLAMABAD: Minister for Aviation Khawaja Muhammad Asif said the government would have to own Rs800 billion in...

Updated 17 Dec, 2024 03:22pm

Business & Finance

Amir Hayat ends tenure as PIA Holding Company CEO

Air Vice Marshal (AVM) Muhammad Amir Hayat is no longer the Chief Executive Officer (CEO) of PIA Holding Company...

Updated 09 Dec, 2024 10:13pm

Pakistan

Pakistan’s PIA to resume flights to Europe on Jan. 10 after 4-1/2 year ban

PIA's authorisation to operate in EU was suspended in June 2020 over concerns about ability of Pakistani authorities and its Civil Aviation Authority to ensure compliance with international aviation standards

Updated 06 Dec, 2024 10:27pm

Pakistan

PIA names acting CEO as it prepares to resume European flights

KARACHI: Pakistan International Airlines (PIA) on Thursday named one of the company’s senior executives as acting...

Updated 05 Dec, 2024 11:02pm

Business & Finance

PIA hopes to resume Europe flights soon after EASA lifts ban

KARACHI: Pakistan International Airlines (PIA) said on Sunday it expects to resume European routes soon and is...

Updated 01 Dec, 2024 09:41pm

Markets

Asif anticipates higher PIA valuation in second privatization round following EASA decision

Development will allow PIA to recapture European traffic, says aviation minister

Updated 30 Nov, 2024 08:16pm

PIA sell-off: FA fees cost kitty Rs1.95bn

ISLAMABAD: The government has incurred a loss of Rs1.95 billion in fees to a Financial Advisor (FA) for structuring...

Updated 19 Nov, 2024 01:16pm

Business & Finance

CCoP reiterates divesting PIACL thru privatisation or G2G mode

ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) reiterated the resolve of the government to divest Pakistan...

Published 16 Nov, 2024 06:04am

Pakistan

CCoP reiterates ‘resolve to divest’ PIA shares, but adds G2G mode

Says will pursue its divestment through privatisation or government-to-government mode

Updated 15 Nov, 2024 10:29pm

Matter referred to Cabinet committee: PC board rejects Rs10bn bid for PIA

ISLAMABAD: The Privatization Commission Board rejected the Rs10 billion bid submitted by Blue World City Consortium...

Updated 14 Nov, 2024 09:24am

Pakistan

KP govt again seeks to participate in PIA bidding

ISLAMABAD: After having formally conveyed its willingness to the federal government to buy Pakistan International...

Updated 14 Nov, 2024 09:28am

Editorials

PIA sell-off fiasco

EDITORIAL: Halloween, thirty-first October, a day celebrated for horror and associated with the macabre, cast its...

Updated 07 Nov, 2024 06:42am

Business & Finance

Below govt minimum: PIA stake sale attracts sole bid of Rs10bn

ISLAMABAD: The Blue World Consortium has submitted the only bid for a 60 percent stake in Pakistan International...

Published 01 Nov, 2024 06:51am

Business & Finance

PIA privatisation: Blue World City refuses to match PC’s ‘minimum expectation’ of Rs85.03bn, sticks to Rs10bn offer

Process of PIA bidding concludes with just one sole bid
Ball now in PC and cabinet's court

Updated 01 Nov, 2024 09:55am

Pakistan

Real estate developer Blue World City cleared to bid for PIA, company chairman says

KARACHI: A Pakistani real estate development company said on Wednesday it had completed requirements to enter the...

Updated 30 Oct, 2024 10:02pm

Business & Finance

PIACL bidding to be held tomorrow

ISLAMABAD: The bidding of loss-making Pakistan International Airlines Corporation Ltd (PIACL), the first state-owned...

Published 30 Oct, 2024 06:32am

Privatisation of PIA: Plan faces slowing momentum on queries by bidders

Bidding deadline set for October 31, 2024, may be extended

Updated 04 Oct, 2024 10:45am

Bidding for PIACL to be held on Oct 1

ISLAMABAD: The Privatisation Commission Board, on Friday, announced that it will hold bidding for the PIACL for 1st...

Updated 21 Sep, 2024 09:32am

Senate panel told: 75pc of PIACL shares up for bidding by October

ISLAMABAD: Federal government has reached the conclusion to offer 75 percent shares in Pakistan International...

Updated 30 Aug, 2024 08:48am

Business & Finance

Posted Rs75bn loss in 2023: PIACL liabilities rise to Rs825bn with Rs161bn assets

ISLAMABAD: Pakistan International Airlines Company Limited (PIACL) made a loss of Rs75 billion approximately during...

Published 27 Aug, 2024 06:44am

PIACL debt restructuring: Fair value impact to be recognised on PIAHCL portfolio as per IFRS-9: SBP

KARACHI: In order to facilitate banks in executing the PIACL debt restructuring transaction, the State Bank of...

Updated 16 Aug, 2024 09:13am

NA panel briefed about PIA sell-off progress

ISLAMABAD: Pakistan International Airlines (PIA), burdened by Rs200 billion in debts and owning Rs145 billion in...

Updated 23 Jul, 2024 09:40am

Business & Finance

PIA privatisation: final bidding delayed till October 1

KARACHI: The privatisation process of state-owned Pakistan International Airlines (PIA) has been delayed as majority...

Updated 23 Jul, 2024 09:16am

PIACL sell-off: Govt to decide shares percentage after bids

ISLAMABAD: The federal government will decide on the shares percentage of Pakistan International Airlines Company...

Updated 04 Jul, 2024 11:38am

Business & Finance

PIACL divestment: Six companies pre-qualify

ISLAMABAD: The Privatisation Commission Board met on Monday under the chairmanship of Minister for Privatisation/...

Published 04 Jun, 2024 06:28am

Business & Finance

PIA privatisation: Fly Jinnah, Air Blue among 8 entities that submit Statement of Qualifications

The Ministry of Privatisation said that it has received Statement of Qualifications from eight entities after the...

Published 17 May, 2024 07:22pm

Pakistan

PIA privatisation: deadline for EoI submission not expected to be extended further

The deadline for companies to express their interest in buying national carrier Pakistan International Airlines...

Updated 16 May, 2024 10:43pm

PIACL sell-off: Pre-qualification process to be completed by May-end, PM told

ISLAMABAD: Prime Minister Shehbaz Sharif was apprised on Tuesday that the pre-qualification process for the...

Updated 15 May, 2024 09:17am

Business & Finance

CAA says news of resumption of flights to Europe premature

Says delegation left for Brussels on May 12 to attend forthcoming meeting of Air Safety Committee

Updated 13 May, 2024 09:14pm

CCP passes merger order: Holdco acquires 100pc stake of PIACL

Holdco now holds all the liabilities, and subsidiaries of PIA, including its business, property, rights, and obligations both domestically and internationally

Updated 05 May, 2024 01:52pm

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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

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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