Trends - RCET - Business Recorder

RCET

Earn instead of resorting to borrow

Recently, the National Assembly Standing Committee on Finance was informed that Pakistan needs $18.8 billion,...

Published 29 Oct, 2024 03:27am

Business & Finance

APTMA chief underscores need for reducing electricity tariffs, restoring RCET

LAHORE: Newly-elected Chairman All Pakistan Textile Mills Association (APTMA) Kamran Arshad has urged policymakers ...

Published 01 Oct, 2024 07:34am

Editorials

SOS from APTMA

EDITORIAL: All Pakistan Textile Mills Association (APTMA) has raised a very loud, very serious red flag, warning the...

Published 11 Mar, 2024 04:45am

9-cent tariff: Govt yet to cross several bridges?

Issues of rationalization of tariff and circular debt stock reduction were recently discussed at a meeting of the Apex Committee of Special Investment Facilitation Council (SIFC)

Updated 13 Jan, 2024 05:01pm

Industries: Tariff cut plan requires an IMF nod

ISLAMABAD: The caretaker government has reportedly prepared a plan to reduce industrial tariff by up to 25 percent...

Updated 04 Jan, 2024 09:02am

Business & Finance

Aptma urges govt to facilitate export sector by ensuring RCET

LAHORE: The newly-elected Chairman Aptma North Kamran Arshad has urged the government to remove cost of...

Published 01 Oct, 2023 02:59am

High interest rates, power tariffs, costly raw materials: Textile sector will continue to face economic headwinds: APTMA

ISLAMABAD: The textile sector will continue to experience economic headwinds related to high interest rates,...

Updated 16 Aug, 2023 10:42am

Opinion

Exports collapsing under power sector burden

The fundamental premise upon which the foundations of modern-day economics stand is that resources are finite and...

Published 27 Jul, 2023 06:26am

Five export-oriented sectors: SNGPL directed to supply gas/RLNG without any subsidy

ISLAMABAD: Ministry of Energy (Petroleum Division) has directed Sui Northern Gas Pipeline Limited (SNGPL) to supply...

Updated 24 Jul, 2023 09:03am

Opinion

Setting the record straight

In FY23, textile exports plunged by $2.8 billion (15% decline) compared to FY22, derailing positive developments...

Updated 13 Jul, 2023 05:25am

Business & Finance

TMA leader hails Pakistan’s $3bn SBA with IMF

KARACHI: The Senior Vice Chairman of the Towel Manufacturers Association of Pakistan Syed Usman Ali welcomed the...

Published 04 Jul, 2023 05:07am

Zardari reaches out to textile tycoons ahead of elections

Says Pakistan Peoples Party is ready to sign ‘charter of economy'

Updated 24 Jun, 2023 08:59am

TMA says textile sector ‘completely’ ignored in budget

KARACHI: The Senior Vice Chairman of the Towel Manufacturers Association of Pakistan Syed Usman Ali has expressed...

Updated 23 Jun, 2023 08:50am

Additional tax on incomes, profits, gains: Textile exporters term move ‘harsh’, ‘anti-business’

KARACHI: The value-added textile exporters on Wednesday expressed concerns over “additional tax” on income, profits...

Updated 22 Jun, 2023 08:56am

APTMA seeks resumption of RCET scheme

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has sought resumption of gas and electricity at...

Updated 22 Jun, 2023 08:53am

Business & Finance

KCCI demands govt continue RCET for five export sectors

KARACHI: The Karachi Chamber of Commerce & Industry (KCCI), in its comprehensive document highlighting anomalies...

Published 21 Jun, 2023 05:21am

Business & Finance

APTMA’s North Zone sends out an SOS

LAHORE: Chairman All Pakistan Textile Mills Association (APTMA) North Zone Hamid Zaman has feared massive closures...

Published 13 Jun, 2023 06:00am

Markets

APTMA urges Dar to reinstate competitive energy tariffs

Textile body says if urgent measures are not taken to reinstate the RCET, trade deficit could increase by $4-5 billion

Updated 08 Jun, 2023 07:42pm

Opinion

Beyond the needle and thread: Women’s empowerment through textile exports

Women hold up half the sky, but whether they are compensated for this effort in Pakistan remains questionable. As of...

Updated 07 Jun, 2023 06:42am

Business & Finance

Industrial areas: APTMA advocates dedicated power plants

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has presented innovative solution to reduce energy cost ...

Published 31 May, 2023 03:57am

Subsidy availed under ZRI scheme: Finance Division proposes industries’ forensic audit

ISLAMABAD: The Finance Division has proposed forensic audit of industries which availed subsidy under Zero Rated...

Updated 18 May, 2023 09:34am

Prime electricity users: APTMA seeks new power tariff structure

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has sought new power tariff structure for prime...

Updated 10 May, 2023 09:06am

Opinion

Exports, not loans, constitute solution

Textile exports for April, 2023 clocked in at $1.24 billion, a staggering $500 million less than the previous...

Published 04 May, 2023 04:26am

Business & Finance

Zero-rated sectors: KCCI demands govt restore RCET

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while expressing deep...

Published 04 May, 2023 04:26am

Business & Finance

Incremental power consumption: ZRI ‘categories’ may be allowed to benefit from plan: APTMA urges PD

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has requested Power Division (PD) to allow Zero Rated...

Published 01 Apr, 2023 07:19am

Business & Finance

PTEA appeals for govt measures to rescue ailing Punjab units

FAISALABAD: Extreme cash flow problems and high production costs have greatly damaged the prospects for growth in...

Published 23 Feb, 2023 07:30am

Business & Finance

Export industry: APTMA demands uniform gas tariff

KARACHI: All Pakistan Textile Mills Association (APTMA) has urged the federal government for a level playing field...

Updated 21 Feb, 2023 08:54am

Business & Finance

APTMA ‘North Zone’ warns govt against withdrawal of RCET

LAHORE: Chairman All Pakistan Textile Mills Association (APTMA) North Zone Hamid Zaman has expressed the...

Published 18 Feb, 2023 03:33am

Business & Finance

Ending RCET will be ‘disastrous’ for economy, say textile exporters

KARACHI: Textile makers-cum-exporters on Wednesday warned the federal coalition government of a ‘disastrous’...

Published 16 Feb, 2023 07:19am

Markets

APTMA rejects reports over closure of textile mills across Pakistan

Association says any decision to shut down the entire industry would be disastrous and irresponsible

Updated 26 Dec, 2022 07:19pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	8.02 ▲ 0.91 (12.80%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)
B.R.R. Guardian / Dec 18 B.R.R. Guardian Limited(BRRG)	21.24 ▲ 1.93 (9.99%)
LSE Financial Serv. / Dec 18 LSE Financial Services Limited(LSEFSL)	20.15 ▲ 1.83 (9.99%)
Shadab Textile / Dec 18 Shadab Textile Mills Limited(SHDT)	25.45 ▲ 2.31 (9.98%)
Sana Ind / Dec 18 Sana Industries Limited(SNAI)	36.84 ▲ 3.30 (9.84%)
JDW Sugar / Dec 18 JDW Sugar Mills Limited(JDWS)	795 ▲ 70.23 (9.69%)

Stock	Price
Askari Life Assur. / Dec 18 Askari Life Assurance Company Limited(ALAC)	5 ▼ -0.70 (-12.28%)
Olympia Mills / Dec 18 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	737.25 ▼ -72.51 (-8.95%)
Pakistan Services / Dec 18 Pakistan Services Limited(PSEL)	737 ▼ -67.63 (-8.41%)
Leiner Pak Gelat / Dec 18 Leiner Pak Gelatine Limited(LPGL)	117 ▼ -9.67 (-7.63%)
Pakgen Power / Dec 18 Pakgen Power Limited(PKGP)	99.10 ▼ -7.91 (-7.39%)
Ghani Value Glas / Dec 18 Ghani Value Glass Limited(GVGL)	48.25 ▼ -3.74 (-7.19%)
Dawood Equities / Dec 18 Dawood Equities Limited(DEL)	8.60 ▼ -0.55 (-6.01%)
Chenab Ltd (Pref) / Dec 18 Chenab Limited (Pref)(CLCPS)	3.31 ▼ -0.19 (-5.43%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▲ 0.02
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 1.78
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.02
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 1.83
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.87
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.52
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▲ 3.32
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▲ 0.01

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