Trends - steel - Business Recorder

steel

Steel sector assails delay in the implementation of budgetary steps

LAHORE: The inexplicable delay in the implementation of budgetary measures modifying tax regime for the steel...

Published 22 Oct, 2024 06:33am

BR Research

Agha Steel Industries Limited

The company was incorporated as a private limited company in 2013 and then converted into a publicly listed company...

Published 11 Oct, 2024 08:54am

BR Research

No recovery in sight

Three months into the fiscal year and there doesn’t seem to be any recovery in sight for the construction industry...

Updated 04 Oct, 2024 11:19am

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

Misclassification of steel products: FBR urged to recover taxes from importers

ISLAMABAD: The documented steel sector has conveyed to the Federal Board of Revenue (FBR) that misclassification of...

Updated 07 Aug, 2024 08:00am

Markets

US tightens steel, aluminum import rules to curb China tariff evasion

WASHINGTON: The United States unveiled stricter rules Wednesday on steel and aluminum imports from Mexico, moving to...

Published 11 Jul, 2024 07:37am

Business & Finance

PALSP urges govt to stop steel smuggling during Eid holidays

ISLAMABAD: The Steel industry appeals the govt to take pre-emptive measures to block smuggling of steel from Iran...

Updated 01 Apr, 2024 08:46am

Sales tax assessment: FBR to fix minimum values of steel products on quarterly basis

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to fix minimum values of steel products on quarterly...

Updated 21 Mar, 2024 08:41am

Business & Finance

Steel melters concerned over surge in power rates

LAHORE: The Pakistan Steel Melters Association (PSMA) has expressed significant concern regarding the recent surge...

Published 08 Feb, 2024 05:02am

Markets

China’s 2023 steel output likely reached 1.02bn tons

BEIJING: China likely produced around 1.02 billion metric tons of crude steel last year, a state-backed steel...

Published 15 Jan, 2024 02:04pm

Markets

Nippon Steel confident hefty premium for US Steel makes sense

TOKYO: Nippon Steel said on Tuesday it can afford to pay $14.9 billion for US Steel, justifying the huge premium it...

Published 02 Jan, 2024 05:21am

Markets

China’s 2024 steel demand to drop

BEIJING: China’s steel demand in 2023 will decline by 3.3% from 2022 and contract a further 1.7% in 2024, a state...

Published 24 Dec, 2023 04:00am

Markets

Energy tariff hike triggers significant steel price surge: PALSP

ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) issues a grave warning to the nation as the...

Published 26 Sep, 2023 06:33am

Opinion

Unraveling state of engineering industry

The industrial sector is unquestionably important to Pakistan’s economy, contributing significantly to its growth...

Updated 20 Sep, 2023 07:05am

Pakistan

Steel sector: FBR Member assures action over smuggling from Iran, Afghanistan

ISLAMABAD: The Federal Board of Revenue (FBR) Member Customs (Operations), Zeba Hai Azhar, has assured the ...

Published 13 Sep, 2023 06:17am

Markets

Iron ore drops on tepid China support measures

SINGAPORE: Iron ore futures dropped on Monday, as the markets grew restless on the lack of substantial stimulus...

Published 08 Aug, 2023 07:08am

Markets

Ferrous metals drop as higher supply, tepid China demand weigh

BEIJING: Ferrous metals futures slumped on Monday, pressured by mounting supply and weak downstream demand in top...

Published 27 Jun, 2023 06:15am

Markets

Dalian iron ore extends rally on improved steel margins

BEIJING: Dalian iron ore futures extended gains for the fourth day in a row on Thursday, supported by improved steel...

Published 19 May, 2023 06:17am

Business & Finance

Rs25bn annual loss due to steel smuggling

ISLAMABAD: The documented steel industry has estimated that around 500,000 Metric Tons (MT) steel is being annually...

Published 27 Apr, 2023 06:24am

Markets

Iron ore futures slump

BEIJING: Dalian and Singapore iron ore futures weakened on Monday after China’s state planner said last week it ...

Published 07 Mar, 2023 03:16am

Markets

Dalian iron ore hits multi-month high

BEIJING: Dalian iron ore futures hit an eight-month high on Friday, driven by favourable fundamentals and optimism...

Published 05 Mar, 2023 03:36am

Markets

Iron ore futures extend losses

BEIJING: Dalian and Singapore iron ore futures extended losses on Monday amid concerns over near-term weaker demand,...

Published 28 Feb, 2023 06:15am

Markets

Iron ore futures dip on regulatory risks

MANILA: Dalian and Singapore iron ore futures dipped on Friday, with regulators in China seeking to curb exuberance...

Published 26 Feb, 2023 03:27am

Business & Finance

ABAD concerned at hike in steel bar rates

KARACHI: Association of Builders and Developers of Pakistan (ABAD), while expressing deep concern over hike in steel...

Published 25 Feb, 2023 06:23am

Markets

Iron ore subdued as DCE tightens trading limits

MANILA: Iron ore futures were subdued on Wednesday following an extended rally spurred by optimism around China...

Published 23 Feb, 2023 05:52am

Markets

Gas tariff hike will help E&P sector but hurt steel, chemical and textile firms, say experts

Indirect impact on food and fertiliser could further edge up inflation in the country: AKD Securities

Updated 14 Feb, 2023 05:51pm

Markets

Iron ore, steel futures fall as China demand concerns persist

MANILA: China’s ferrous futures fell on Monday, pressured by mounting domestic steel stocks and rising portside...

Published 14 Feb, 2023 05:58am

Opinion

Steel, pharma sectors hit harder

The issue of letters of credit (LCs) has strongly affected the two sectors in particular: construction (read steel)...

Published 12 Feb, 2023 03:56am

Markets

Iron ore dips on rising China port inventory, weak demand prospects

MANILA: Dalian and Singapore iron ore futures dipped on Tuesday, hovering around their lowest levels in nearly three...

Published 08 Feb, 2023 06:10am

Markets

Iron ore under pressure as China demand optimism fades

MANILA: Dalian and Singapore iron ore futures fell on Monday, hovering around their lowest in more than two weeks, ...

Published 07 Feb, 2023 06:07am

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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Budget 2024-25: income tax calculator for FY25

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