Trends - steel sector - Business Recorder

steel sector

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

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

GST relief on scrap: Steel industry urges FBR to implement policy decision

ISLAMABAD: The documented steel industry has asked the Federal Board of Revenue (FBR) to implement policy decision...

Updated 03 Sep, 2024 08:58am

Business & Finance

PISMA seeks immediate withdrawal of new 2.5pc WHT

KARACHI: The Pakistan Iron & Steel Merchants Association (PISMA) has issued an urgent appeal to the Federal ...

Published 23 Aug, 2024 03:24am

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

Business & Finance

Economic uplift: US envoy highlights steel sector’s importance

KARACHI: The US envoy visited National Steel Complex Limited (NSCL) at Bin Qasim and highlighted the steel sector’s...

Published 05 Jun, 2024 07:21am

Business & Finance

Erstwhile tribal areas: Steel sector warns govt against extending tax exemption

ISLAMABAD: The steel sector has warned the federal government that any move to extend tax exemption to erstwhile...

Published 01 Jun, 2024 06:59am

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

Steel industry: PM orders FBR to resolve issues on priority basis

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has directed concerned authorities and the Federal Board of...

Updated 16 Feb, 2024 09:20am

‘Hurdles’ to copper ingots’ export to China: Exporters move SIFC against FBR

ISLAMABAD: Exporters have approached the Special Investment Facilitation Council (SIFC) against the Federal Board of...

Updated 23 Jan, 2024 09:08am

Business & Finance

Mughal Iron & Steel Industries completes acquisition of energy subsidiary

Mughal Iron & Steel Industries Limited, one of Pakistan’s largest steel manufacturers, has successfully...

Updated 30 Nov, 2023 10:48pm

Business & Finance

Challenge of smuggling from Iran, Afghanistan: Govt urged to allow steel import only by sea

ISLAMABAD: The documented steel sector on Thursday proposed the caretaker government to allow import of steel only...

Published 17 Nov, 2023 06:06am

Opinion

Engineering evolution or devolution?

Across the world, the engineering industry is one of the significant contributors to the economy. However, in...

Updated 27 Sep, 2023 06:59am

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

Business & Finance

Agha Steel says it intends to export iron ore from KPK mines

Has also entered into contract for acquisition of 50 cubic meter blast furnace for backward integration with its existing arc furnace

Published 14 Sep, 2023 02:39pm

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

Incremental Units Consumption Subsidy: PALSP concerned at ‘discrimination’

ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has raised a poignant concern over the blatant...

Updated 28 Aug, 2023 09:46am

B4 industrial consumers: PALSP urges Nepra to facilitate renewable energy integration into grid

ISLAMABAD: Pakistan Association of Large Steel Producers has asked NEPRA to facilitate renewable energy integration...

Updated 22 Aug, 2023 08:42am

Business & Finance

Documented steel sector assails hike in power tariff

ISLAMABAD: The documented steel sector has announced that the drastic increase in power tariff by 25 percent coupled...

Published 24 Jul, 2023 06:11am

July-May LSMI output declines 9.87pc YoY

ISLAMABAD: The Large Scale Manufacturing Industries (LSMI) output has declined by 9.87 percent during July-May...

Updated 14 Jul, 2023 09:11am

Rising steel smuggling from Iran, Afghanistan: PALSP issues ‘stern warning’ to FBR

ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has issued a stern warning to the Federal Board...

Updated 17 May, 2023 09:03am

Business & Finance

Steel, plastic, ghee, other sectors: Tribal area tax exemptions expire on June 30

ISLAMABAD: The tax exemptions granted to the industrial units of iron/ steel, plastics, ghee, textile and other...

Published 30 Apr, 2023 05:10am

Business & Finance

Scrap shortage crisis compounding: PALSP

ISLAMABAD: Due to lack of letters of credits (LCs) being opened, the domestic scrap shortage crisis is compounding...

Published 08 Mar, 2023 06:20am

Raw materials of steel sector: MoF, SBP urged to instruct commercial banks to prioritise LCs

ISLAMABAD: The documented steel sector has asked the Ministry of Finance and the State Bank of Pakistan (SBP) to...

Updated 01 Jan, 2023 10:09am

Business & Finance

Extra power for KE’s industrial users: Govt fails to implement its ‘support package’ decision: PALSP

ISLAMABAD: The government has failed to implement its decision of extending support package for additional...

Published 17 Dec, 2022 05:58am

Opinion

Application of slag in steel, other industries

The steel industry of Pakistan has been facing a number of challenges including but not limited to import of raw...

Published 27 Nov, 2022 05:58am

Editorials

Letting the steel sector rot

EDITORIAL: All eyes are now on the Federal Board of Revenue (FBR) as it investigates alleged large-scale...

Published 23 Jul, 2022 04:10am

Steel sector: Amended finance bill may restore turnover tax adjustment

ISLAMABAD: The amended Finance Bill 2022 is likely to restore adjustment facility of turnover tax for the documented...

Updated 23 Jun, 2022 10:01am

Business & Finance

Steel sector: net margins of listed companies shrink in 5 years

ISLAMABAD: The net margins of the listed companies in the steel sector shrunk during the last five years, negating...

Updated 28 May, 2022 09:35am

Profit-earning sectors: Some kind of time-bound levy may be imposed

ISLAMABAD: The government is planning to impose some kind of time-bound levy or additional income tax on the annual...

Updated 27 May, 2022 10:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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