Trends - REKO DIQ - Business Recorder

REKO DIQ

Untapped minerals economy

Mining the earth for natural resources is a profitable business strategy employed by many nations, including China,...

Published 18 Dec, 2024 07:40am

Reko Diq project financial close likely by June 2025: ADB weighs third-party guarantee option

ISLAMABAD: The financial close of the Reko Diq Mining Project is expected by June 2025, as the Asian Development...

Updated 10 Dec, 2024 02:46pm

Business & Finance

Reko Diq Mining Co to utilise PIBT’s terminal

KARACHI: The Reko Diq Mining Company (Private) Limited has identified and approached Pakistan International Bulk...

Published 09 Nov, 2024 06:36am

Reko Diq mines: Manara Minerals set to buy a stake: Al-Falih

ISLAMABAD: Minister for Investment of Kingdom of Saudi Arabia, Sheikh Khalid Bin Abdul Aziz Al-Falih, Thursday,...

Updated 11 Oct, 2024 09:13am

Markets

Saudi Arabia, Pakistan to sign Barrick deal in few weeks, says Al Faleh

Eager to start number of mining initiatives but hope to close Reko Diq project with Pakistan's SOEs and Barrick Gold in the coming weeks, says Saudi Arabia Minister for Investment

Updated 10 Oct, 2024 11:59pm

32 top Saudi cos’ team due today

Pakistan estimates investment of up to $15-20 billion from Saudi Arabia in different sectors/fields including purchase of public sector entities or share purchase

Updated 09 Oct, 2024 10:26am

Reko Diq: ADB may approve 3rd-party guarantee by Feb

ISLAMABAD: The Ministry of Finance (MoF) has said that a third-party guarantee arrangement on Reko Diq is likely to...

Updated 24 Sep, 2024 09:20am

Opinion

The IPP negotiation dilemma: govt required to step back?

Negotiations with Independent Power Producers (IPPs), particularly those involving local owners under the 1994 and...

Updated 02 Sep, 2024 07:22am

Minister says IPP deals won’t be altered unilaterally

Senate Standing Committee on Power discusses IPPs contracts

Updated 31 Aug, 2024 10:16pm

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

Business & Finance

Weir Group secures £53mn order for Reko Diq copper-gold project in Pakistan

Scottish multinational engineering company will supply fine grinding, separation, and tailings solutions for the project's first phase

Updated 20 Aug, 2024 10:50pm

Opinion

IPPs: one of the most difficult conundrums

For decades the public at large has been agitating in futility against electricity tariff hikes and power cuts. This...

Updated 27 Jul, 2024 07:26am

Opinion

Smoke and mirrors

Pakistan’s energy sector is in a peculiar mess. On paper, the electricity supply is sufficient at a lower energy...

Updated 22 Jul, 2024 07:17am

Markets

INIL’s associate company to invest in Reko Diq project

Chinoy Engineering & Construction (Pvt) Limited (CECL), an associated company of International Industries...

Published 19 Jul, 2024 05:07pm

Business & Finance

Fleet Space Technologies’ ExoSphere to be used for Reko Diq exploration

Fleet Space Technologies of Australia will deploy ExoSphere, an end-to-end mineral exploration solution, to advance...

Updated 11 Jul, 2024 10:37pm

Pakistan

Saudi Manara Minerals’ team in Pakistan for talks on Reko Diq mine stake, document shows

ISLAMABAD: Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about...

Updated 06 May, 2024 10:13pm

Visit to begin on 5th: PM sets up panel to facilitate private sector team from KSA

Pakistan is eyeing an investment of up to $15-20 billion from Saudi Arabia in different sectors/ fields including purchase of public sector entities or share purchases

Updated 02 May, 2024 12:05pm

Pakistan

Will personally monitor Saudi investment projects; no laxity to be tolerated: PM Shehbaz

Prime Minister Shehbaz Sharif on Thursday said he would personally monitor the Saudi investment projects and warned...

Published 18 Apr, 2024 06:59pm

Editorials

Pak-Saudi relationship is alive and kicking

EDITORIAL: The April 15-16 visit of a high-powered Saudi delegation – headed by Foreign Minister Prince Faisal bin...

Published 18 Apr, 2024 03:24am

Editorials

The contracts

EDITORIAL: Prime Minister Shehbaz Sharif while chairing a meeting on Reko Diq mining project - with the Chief...

Published 28 Mar, 2024 06:50am

Reko Diq project: foolproof security ordered by PM

PM Shehbaz says consultations should be held with all stakeholders regarding the project at the official level and all the obstacles should be removed

Updated 25 Mar, 2024 09:41am

Business & Finance

Barrick Gold delegation calls on PM: ‘Reko Diq project’s feasibility to be completed this year’

ISLAMABAD: A delegation of Barrick Gold Company led by Chief Executive Officer Mark Bristow was called Prime ...

Published 23 Mar, 2024 05:41am

World

Election impact on Reko Diq project: Barrick CEO says civil servants leading discussions are the same

Bristow says company 'doesn't get involved' in politics

Published 15 Feb, 2024 07:34pm

Opinion

Does Pakistan need copper?

The Business Recorder of January 08, 2024, carried a headline ‘Co asked to share logistic requirements for Reko Diq...

Updated 17 Jan, 2024 02:33pm

Reko Diq project: Co asked to share logistic requirements

Company unwilling to use Gwadar Port for the time being

Updated 08 Jan, 2024 01:11pm

Editorials

Legal framework for Saudi investment

EDITORIAL: SIFC (special investment facilitation council) is in the news yet again; this time for helping overcome...

Published 07 Jan, 2024 02:43am

Editorials

Claim, counter-claims, and ECC

EDITORIAL: It’s a bit rich of Pakistani authorities to try to penalise Chinese power plants set up under CPEC...

Published 06 Jan, 2024 05:17am

Opinion

Hopium – I

Stubborn refusal to look reality in the face and wishing for good daddy saviour has been our norm since 75 years,...

Published 04 Jan, 2024 05:41am

Reko Diq assessment done by global consultants: govt

ISLAMABAD: Deputy Chairman Planning Commission and Secretary Special Investment Facilitation Council (SIFC),...

Updated 15 Nov, 2023 09:48am

Business & Finance

Pakistan drawing Saudi interest in Reko Diq

ISLAMABAD: Saudi Arabia has shown interest in acquiring government stakes in Pakistan’s Reko Diq gold and copper...

Published 15 Nov, 2023 06:09am

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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