Trends - PSM - Business Recorder

PSM

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

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

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

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

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

Business & Finance

Forced layoffs, gas supply cut: PSM employees to hold protest today

KARACHI: Employees of Pakistan Steel Mills (PSM) have announced a protest along with their families on Thursday...

Published 25 Apr, 2024 03:05am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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