Trends - State Owned Enterprises

State Owned Enterprises

Agriculture, IT twin engines of growth: Finance Minister

Aurangzeb expresses intention to shut down Pakistan Agricultural Storage and Services Corporation, create alternative mechanism for maintaining strategic reserves

Updated 29 Dec, 2024 10:05pm

Jul-Dec: SOEs post staggering Rs408bn losses

Brings accumulated losses since 2014 to Rs5.9 trillion till December 2024

Updated 28 Dec, 2024 05:12pm

Editorials

Complexities of SOE reforms

EDITORIAL: Poorly performing state-owned enterprises (SOEs), wracked with chronic inefficiencies and ringing up...

Updated 26 Oct, 2024 07:42am

Between FY16 and FY23: fiscal support to SOEs escalates to Rs5.7trn, says SBP

KARACHI: State-owned Enterprises (SOEs) in Pakistan are posing a significant challenge to the economy, having...

Updated 22 Oct, 2024 04:41pm

CCP grants approval: PSPC acquires 100pc equity stakes in NSPC

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of 100 percent equity shares of...

Updated 08 Oct, 2024 09:27am

Legislation related to privatisation of loss-making SOEs: Minister says govt will need support of Parliament

Finance Minister Muhammad Aurangzeb says loss-making state-owned enterprises causing one trillion rupees of 'drag' to the exchequer

Updated 11 Sep, 2024 09:34am

FBR amends Income Tax Rules: SOEs bound to approach ADRCs

ISLAMABAD: The state-owned enterprises have been bound to approach the alternate dispute resolution committees...

Updated 07 Sep, 2024 03:07pm

Business & Finance

Merger, dissolution of 82 SOEs endorsed

ISLAMABAD: The federal cabinet, on Tuesday, took significant steps towards institutional reforms, focusing on...

Published 28 Aug, 2024 06:22am

Markets

Federal cabinet approves merger, dissolution of 82 SOEs

PM Shehbaz constitutes committee to protect interests of employees to be affected, Ministry of Information and Broadcasting says

Published 27 Aug, 2024 10:05pm

Appointments of CEO, CFO, CIA and CS: MoF conveys to line ministries and SOEs the guidelines

ISLAMABAD: The Finance Ministry has conveyed to all line ministries and federal state-owned enterprises guidelines...

Updated 16 Aug, 2024 03:15pm

CCoSOEs approves NSPC-PSPC re-merger

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has approved the re-merger of National...

Updated 06 Aug, 2024 09:29am

2024-29 sell-off roadmap presented to Dar

ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) meeting held with the Deputy Prime Minister/Foreign...

Updated 03 Aug, 2024 12:17pm

NICL, SLICL, PRCL no longer strategic SOEs?

Cabinet Committee decides companies did not meet criteria of strategic or essential SOEs

Updated 23 Jul, 2024 12:30pm

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

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

Categorisation of commercial SOEs: PM irked by delay in submission of summaries

Directs concerned secretaries to personally and proactively oversee the process to ensure submission of requisite recommendations/summaries to Cabinet Committee on State-Owned Enterprises

Updated 08 Jun, 2024 05:20pm

Business & Finance

PM unveils plan to sell most SOEs

ISLAMABAD: Pakistan will privatise all state-owned enterprises, with the exception of strategic entities, Prime...

Published 15 May, 2024 05:47am

Pakistan

Barring ‘strategic entities’, Pakistan to pursue privatisation of all SOEs: PM Shehbaz

In official statement, premier says govt should not be in business of doing business

Updated 14 May, 2024 09:21pm

Once in every 5 years: Govt would be required to design ‘SOEs policy’

ISLAMABAD: The federal government would be required, at least once in every five years, to prepare and prescribe a...

Updated 01 Dec, 2023 12:41pm

SOEs monitoring under IMF SBA: Finance Division yet to operationalise CMU

ISLAMABAD: The Finance Division has yet to complete the operationalisation of the Central Monitoring Unit (CMU) by...

Updated 26 Aug, 2023 06:28pm

Govt required to keep SOEs under MoF oversight: IMF

KARACHI: The International Monetary Fund’s (IMF) representative in Pakistan on Wednesday said that the reform...

Updated 24 Aug, 2023 09:49am

Opinion

Elephant in the room

To understand strategy in a simple manner three questions are quite helpful. When deciding on a course of action ask...

Published 24 Jul, 2023 06:11am

Editorials

SOEs: We need genuine action, not just lip service

EDITORIAL: It is increasingly appears that the federal government has a new priority. As per a Business Recorder...

Published 24 Jul, 2023 06:11am

Opinion

SOEs: privatisation the only solution

Driven by the current ‘four-point must list of IMF’ to qualify for the next tranche of Fund’s lending in...

Published 22 Jul, 2023 06:15am

Opinion

‘Learning From Others’—II

In Pakistan we do not appreciate the fact that we have lived beyond our means’ for far too long at our own peril....

Updated 24 May, 2023 06:49am

Opinion

Shock therapy neoliberal market reform in Pakistan

One can only be shocked to see the lack of understanding by local media, and many of their guests on TV shows...

Updated 28 Apr, 2023 06:28am

MoF prepares draft policy on SOEs

Pakistan has around 200 state-owned enterprises which are engaged in a diverse range of activities

Updated 21 Apr, 2023 02:02pm

Opinion

The challenge of SOEs — II

The SOEs (State-Owned Enterprises) are generally being run at the whim of a chosen few, who are beholden to no ...

Published 16 Feb, 2023 06:08am

Opinion

The challenge of SOEs – I

The state of Pakistan’s economy has been a constant subject of discussion over the past month or so in the print...

Published 15 Feb, 2023 06:27am

Reko Diq now more visible as SOEs sign deals

PPL together with OGDC and Government Holdings (Private) Limited sign deal

Updated 17 Dec, 2022 10:08am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Cotton US¢/pound / Jan 21	68.02
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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State Owned Enterprises

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