Trends - PSM - Business Recorder

PSM

Govt decides to develop SEZ on PSM land

Includes the creation of a comprehensive and tailored land lease model, which will offer options for sale, land lease, or licensing, based on the investor’s preferences

Updated 01 Feb, 2025 02:52pm

Pakistan

Centre, Sindh ‘decide’ to revive PSM jointly

KARACHI: The federal and Sindh governments on Monday decided to revive the Pakistan Steel Mills (PSM) on 700 acres ...

Published 07 Jan, 2025 05:55am

Business & Finance

PSM revival talks with Russian experts next week: Sindh CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that efforts to revive Pakistan Steel Mill are making...

Published 12 Nov, 2024 08:00am

Russia keen to work with Pakistan on NSTC: envoy

KARACHI: Russia is keen to work with Pakistan on the North-South Trade Corridor (NSTC)- Russia, Kyrgyzstan,...

Updated 12 Nov, 2024 08:34am

PSFCL board, NDRMF: Two decisions of CCoSOEs overturned by Cabinet

ISLAMABAD: The Federal Cabinet has reportedly overturned two decisions of Cabinet Committee on State Owned...

Updated 06 Nov, 2024 09:09am

Business & Finance

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

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

Opinion

Struggle for steel continues

Steel is the basic building block of development. It was due to the influential import lobbies that Pakistan lagged...

Published 05 Sep, 2024 06:19am

Opinion

When the courts surrender?

During the devastation of WW-II Winston Churchill said, “Thank God. If the courts are working, nothing can go...

Published 21 Aug, 2024 07:28am

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

Business is not the government’s business

According to a World Bank assessment, Pakistan’s state-owned enterprises (SOEs) exhibit the lowest profitability...

Published 12 Aug, 2024 06:36am

Business & Finance

Once again, PSMA urges govt to allow export of ‘surplus’ sugar

LAHORE: The Pakistan Sugar Mills Association (PSMA) has once again asked the government to allow early export of...

Updated 07 Aug, 2024 07:00am

Business & Finance

New industrial policy is under preparation: minister

KARACHI: The Sindh government is preparing a new long-term industrial policy to attract the new investors and ...

Published 03 Aug, 2024 06:46am

Business & Finance

PSM BoD chief flags 8 violations of SOEs law

ISLAMABAD: The chairman Board of Directors (BoD) of Pakistan Steel Mills (PSM) has expressed concern over the...

Published 03 Aug, 2024 06:46am

Russian collaboration: Feasibility study sought to set up a new steel mill

ISLAMABAD: A high level Committee, headed by the Minister for Planning, Development and Special Initiatives Ahsan...

Updated 01 Aug, 2024 10:01am

Business & Finance

Remaining PSM land: Centre, Sindh agree to establish SEZ

KARACHI: Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Industries and Production Rana Tanveer on...

Updated 31 Jul, 2024 10:29am

Opinion

PSM: Sindh govt must become part of solution

According to a Business Recorder news item, the Ministry of Industries and Production secretary has informed the...

Published 28 Jul, 2024 06:49am

Revival of PSM nearly impossible, NA panel told

ISLAMABAD: The Ministry of Industries and Production secretary on Friday informed that it is virtually impossible to...

Updated 27 Jul, 2024 09:01am

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

Against closure, PSM board says Cabinet is ill-advised

ISLAMABAD: The Board of Directors (BoD) of Pakistan Steel Mills (PSM) has opposed the complete closure and scrapping...

Updated 17 Jul, 2024 04:36pm

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

Senate passes SOEs amendment bill

ISLAMABAD: The Senate, Friday, passed with majority vote amidst opposition protest, the State Owned-Enterprises...

Updated 06 Jul, 2024 03:47pm

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

Digitization: Centre asks provinces to provide tax data to Nadra

ISLAMABAD: The federal government has reportedly asked all provinces to provide complete tax data to NADRA (National...

Updated 15 Jun, 2024 04:22pm

Opinion

‘Railways in a mess’

This is apropos a Business Recorder editorial “Railways in a mess” carried by the newspaper yesterday. The...

Published 31 May, 2024 06:58am

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 1	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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