Trends - PPAs - Business Recorder

PPAs

Transitioning to privatization of Discos-I

The Pakistan Power Sector is always in the news – primarily, for its perceived and actual inefficiency and the...

Published 24 Mar, 2025 06:46am

PPAs, IAs without coercion: Govt secures written confirmation from IPPs

ISLAMABAD: The federal government has secured written confirmation from the Independent Power Producers (IPPs)...

Updated 19 Mar, 2025 09:32am

Markets

KAPCO’s power plant to remain in system till 2027

Pakistan’s power producer Kot Addu Power Company Limited (KAPCO) on Tuesday informed that the National Electric...

Updated 25 Feb, 2025 10:04pm

Opinion

Rethinking energy sector reforms

Recently, eight multilateral development finance institutions, including the Asian Development Bank and ...

Updated 24 Feb, 2025 07:17am

8 Development Finance Institutions caution govt

ISLAMABAD: In a major development, eight Development Finance Institutions (DFIs) have warned the government that...

Updated 20 Feb, 2025 01:45pm

Business & Finance

FPCCI terms 100bps policy rate cut ‘grossly insufficient’ reduction

KARACHI: Atif Ikram Sheikh, President FPCCI, has apprised that the business, industry and trade community of ...

Published 28 Jan, 2025 06:45am

Opinion

The tallest nail

To a hammer everything is a nail and IPPs are the tallest nails. Decades ago, when this scribe was a student of...

Published 30 Oct, 2024 06:32am

Contracts with 8 more IPPs renegotiated, NA told

ISLAMABAD: The National Assembly was informed on Friday that contracts with eight additional independent power...

Updated 26 Oct, 2024 12:26pm

July FCA: KE allowed Rs3/unit tariff hike

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has increased KE’s tariff by Rs 3 per unit under...

Updated 26 Oct, 2024 08:39am

Summoned for probe in 2nd phase: IPPs agitating over non-payment

ISLAMABAD: The Independent Power Producers (IPPs) that are to be quizzed in the second phase to shift them from take...

Updated 22 Oct, 2024 09:24am

Opinion

Net metering: Balancing the scales—III

One frequent option often advocated to address the issue of growing power rates for all consumers, particularly...

Updated 21 Oct, 2024 08:36am

Pay-mode conversion: Govt summoning 18 IPPs next week

ISLAMABAD: The government is expected to commence summoning top bosses of 18 Independent Power Producers (IPPs),...

Updated 19 Oct, 2024 09:45pm

Editorials

Termination of contracts with IPPs

EDITORIAL: The government’s decision to terminate power purchase agreements (PPAs) with five of Pakistan’s ...

Published 17 Oct, 2024 06:34am

Govt stops payments to 18 IPPs ahead of negotiations?

ISLAMABAD: The government is said to have stopped payments to 18 Independent Power Producers (IPPs) of 4,267-MW...

Updated 14 Oct, 2024 03:17pm

Business & Finance

PM, federal cabinet efforts to terminate five PPA’s lauded

KARACHI: Chairman of the Pakistan Business Forum (PBF) for Balochistan, Daroo Khan Achakzai and PBF South Punjab...

Published 12 Oct, 2024 07:25am

Power sector: Govt commits to IMF about drastic reforms

ISLAMABAD: The government has committed to the International Monetary fund (IMF) to revise terms of Power Purchase...

Updated 12 Oct, 2024 09:59pm

Awais praises army chief’s supportive role

ISLAMABAD: Minister for Power, Sardar Awais Ahmad Khan Leghari, on Thursday expressed gratitude to Army Chief...

Updated 11 Oct, 2024 02:24pm

Hubco likely to follow suit: Four IPPs ink deal to annul pacts early

Government shows willingness to pay previous capacity dues of five IPPs

Updated 08 Oct, 2024 09:29am

IPPs talks status remains under wraps

ISLAMABAD: The Power Division on Thursday refused to share current status of critical negotiations of Task Force on...

Updated 04 Oct, 2024 03:24pm

Business & Finance

IPP agreements main reason behind power challenges: PBF

KARACHI: Pakistan Business Forum (PBF) stated that the power purchase agreements (PPAs) with Independent Electricity...

Updated 29 Jul, 2024 09:30am

To be conducted by PPIB, CPPA-G and Nepra: Govt orders ‘audit’ of agreements with IPPs

ISLAMABAD: Minister for Power Sardar Awais Khan Leghari on Friday ordered the audit of dozens of IPPs (Independent...

Updated 13 Jul, 2024 08:53am

Chinese IPPs: MoF seeks update on payment issues

ISLAMABAD: Ministry of Finance (MoF) has sought updated status from Power Division on commitments made by Caretaker...

Updated 22 Nov, 2023 09:21am

Hydroelectric sector: Wapda challenges Nepra’s tariff determination

ISLAMABAD: Water and Power Development Authority (Wapda) has challenged National Electric Power Regulatory AUTHOIRTY...

Updated 14 Nov, 2023 08:51am

Power projects: Chinese again refuse to renegotiate PPAs

ISLAMABAD: Chinese power projects have, once again, refused to renegotiate Power Purchase Agreements (PPAs) with the...

Updated 13 Oct, 2023 09:49am

First review under SBA becomes due: Ministries spurred into action

Ministry of Finance asks all ministries to implement all the commitments made with the International Monetary Fund

Updated 05 Oct, 2023 09:47am

Avoiding financial implications: Power Div asked to revise FGOs of GPPs

ISLAMABAD: Directorate General of Gas (Petroleum Division) has urged Power Division to revise Firm Gas Orders (FGOs)...

Updated 26 Sep, 2023 09:23am

To be applicable from July 1, 2023: Govt set to approve transition of LIBOR to ‘SOFR’

ISLAMABAD: The government is all set to approve transition of London Interbank Offer Rate (LIBOR) to Secured Over...

Updated 19 Sep, 2023 09:10am

CPEC power plants: Sinosure demands govt make payments

ISLAMABAD: China Export & Credit Insurance Corporation (Sinosure) has warned the GoP on not honouring its...

Updated 18 Sep, 2023 09:45am

Opinion

Nationalise the IPPs

In Gordium, the capital of Phrygia (ancient Greece), legend had it that whoever could untie an oxcart tied by a...

Updated 13 Sep, 2023 06:44am

Five DFC wind power projects: US says no new investment till tariff settlement

ISLAMABAD: The United States has categorically conveyed to Islamabad not to expect any investment from US...

Updated 15 May, 2023 08:55am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 15	280.63
USD PKR Interbank Buying / Apr 15	280.43
USD to Japanese Yen / Apr 15	143.15
USD to Swiss Franc / Apr 15	0.81
Pound Sterling to USD / Apr 15	1.32
Euro to USD / Apr 15	1.14
UK LIBOR % / Apr 14	4.96

Stock	Volume
S&P 500 / Apr 14	5,405.97
Nasdaq / Apr 14	16,831.48
Dow Jones / Apr 14	40,524.79
India Sensex / Apr 15	76,780.06
Tokyo Nikkei / Apr 15	34,267.54
Hang Seng / Apr 15	21,470.46
FTSE 100 / Apr 15	8,209.09
Germany DAX 30 / Apr 15	21,175.70
France CAC40 / Apr 15	7,263.20

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 14	16,785
Gold 10 Grams PKR / Apr 14	290,466
Crude Oil USD/Barrel / Apr 15	61.77
Gold Spot USD/Ounce / Apr 15	3,224.76
Cotton US¢/pound / Apr 15	65.75
Petrol/Litre / Apr 16	254.63
Diesel/Litre / Apr 16	258.64

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Apr 15 PICIC Insurance Limited(PIL)	2.73 ▲ 0.58 (26.98%)
Gulshan Sp. / Apr 15 Gulshan Spinning Mills Limited(GSPM)	3.72 ▲ 0.55 (17.35%)
Tariq Corp.Pref. / Apr 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.29 ▲ 0.79 (10.53%)
Tariq Corporation / Apr 15 Tariq Corporation Limited(TCORP)	16.16 ▲ 1.47 (10.01%)
Sanghar Sugar / Apr 15 Sanghar Sugar Mills Limited(SANSM)	55.51 ▲ 5.05 (10.01%)
Redco Textile / Apr 15 Redco Textiles Limited(REDCO)	25.27 ▲ 2.3 (10.01%)
First Elite Cap.Mod / Apr 15 First Elite Capital Modaraba(FECM)	17.70 ▲ 1.61 (10.01%)
Chakwal Spinning / Apr 15 Chakwal Spinning Mills Limited(CWSM)	47.87 ▲ 4.35 (10%)
Gillette Pak / Apr 15 Gillette Pakistan Limited(GLPL)	153.62 ▲ 13.97 (10%)
Nimir Resins / Apr 15 Nimir Resins Limited(NRSL)	35.08 ▲ 3.19 (10%)

Stock	Price
Power Cem(Pref) / Apr 15 Power Cement (Pref)(POWERPS)	13.55 ▼ -1.28 (-8.63%)
Pak Gen.Ins. / Apr 15 The Pakistan General Insurance Co. Ltd.(PKGI)	8.32 ▼ -0.77 (-8.47%)
Zahid Jee Textile / Apr 15 Zahidjee Textile Mills Limited(ZAHID)	25.58 ▼ -2.35 (-8.41%)
Imperial Limited / Apr 15 Imperial Limited(IML)	13.50 ▼ -1.22 (-8.29%)
LSE Capital / Apr 15 LSE Capital Limited(LSECL)	5.05 ▼ -0.45 (-8.18%)
Pak Gulf Leasing / Apr 15 Pak-Gulf Leasing Company Limited(PGLC)	18.09 ▼ -1.41 (-7.23%)
Janana De Malucho / Apr 15 Janana De Malucho Textile Mills Limited(JDMT)	48.19 ▼ -3.66 (-7.06%)
Parmount Sp. / Apr 15 Paramount Spinning Mills Limited(PASM)	3.80 ▼ -0.28 (-6.86%)
Philip Morris Pak. / Apr 15 Philip Morris (Pakistan) Limited(PMPK)	1,175.87 ▼ -85.61 (-6.79%)
Ruby Textile / Apr 15 Ruby Textile Mills Limited(RUBY)	7.26 ▼ -0.51 (-6.56%)

Stock	Volume
Cnergyico PK / Apr 15 Cnergyico PK Limited(CNERGY)	32,091,019 ▼ -0.11
TRG Pak Ltd / Apr 15 TRG Pakistan Limited(TRG)	21,511,574 ▲ 4.01
B.O.Punjab / Apr 15 The Bank of Punjab(BOP)	20,785,866 ▼ -0.19
Dewan Cement / Apr 15 Dewan Cement Limited(DCL)	19,449,173 ▲ 0.27
Sui South Gas / Apr 15 Sui Southern Gas Company Limited(SSGC)	15,773,976 ▼ -0.37
Fauji Foods Ltd / Apr 15 Fauji Foods Limited(FFL)	15,546,598 ▲ 0.42
Engro Powergen / Apr 15 Engro Powergen Qadirpur Limited(EPQL)	15,491,518 ▲ 0.65
Secure Logistics / Apr 15 Secure Logistics Group Limited(SLGL)	13,589,909 ▲ 0.93
Pak Refinery / Apr 15 Pakistan Refinery Limited(PRL)	13,303,100 ▲ 0.14
At-Tahur Ltd. / Apr 15 At-Tahur Limited(PREMA)	11,659,459 ▲ 3.03

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