Trends - circular debt - Business Recorder

circular debt

IMF delineates steps to curb gas circular debt

Fund suggests price adjustments should continue to move toward the full phasing out of captive power usage this year

Updated 11 May, 2024 08:10pm

BR Research

Loadshedding: Discos in a bind!

Pakistan’s power sector is in a constant state of flux. It has its weird cycles of its own- a period of severe power...

Published 08 May, 2024 06:39am

Editorials

Chronic power defaulters

EDITORIAL: So, once again the government faces the “challenging task” of extracting recoveries – this time more than...

Published 25 Apr, 2024 03:05am

BR Research

Circular debt mystery: What is the real number?

If it had not been for the World Bank Pakistan Development Update, the common folk would have continued guessing the...

Published 08 Apr, 2024 08:00am

MoI&P asked to settle impasse with provinces: Selling ‘un-needed’ imported urea becomes new headache for govt

ISLAMABAD: The federal cabinet has directed the Ministry of Industries and Production (MoI&P) to settle impasse...

Updated 01 Apr, 2024 08:45am

Pakistan

PM Shehbaz says macroeconomic stability, growth priority of govt

Prime Minister Shehbaz Sharif on Tuesday said his government’s top priority is to ensure macroeconomic stability and...

Updated 26 Mar, 2024 06:32pm

10 Discos seek Rs2.765trn tariff adjustment

Requested adjustments are on account of O&M costs, currency depreciation, Return on Rate base, Gross Margin, less; other income, net margin and Prior Year Adjustment

Updated 26 Mar, 2024 12:36pm

Markets

Power sector woes: PM Shehbaz assigns tasks to ministries

Wants them completed in 1-3 months

Updated 25 Mar, 2024 10:23pm

IMF says will disburse final SBA tranche

ISLAMABAD: The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement on the second and...

Updated 21 Mar, 2024 08:41am

Business & Finance

PD claims: ‘No meeting on 2nd, final review of SBA held with IMF team’

ISLAMABAD: Power Division claimed that they held no meeting with the visiting team of International Monetary Fund...

Published 16 Mar, 2024 06:26am

Rs160bn FBR notice lands SNGPL in hot water

ISLAMABAD: The Sui Northern Gas Pipeline Limited (SNGPL) is reportedly in hot water after receiving the tax demand...

Updated 09 Mar, 2024 04:10pm

BR Research

Rate cut in the offing?

The bond market is expecting a rate cut soon while the forex players are expecting the currency to be under...

Published 08 Mar, 2024 09:14am

BR Research

Dismal discos

You can come up with even fancier way of circular debt settlement next year, can be craftier in the next base tariff...

Published 29 Feb, 2024 08:39am

Business & Finance

Business community rejects hike in electricity bills: KCCI

KARACHI: Business and industrial community rejects another hike of Rs 7.5 per unit in electricity bills. President...

Published 28 Feb, 2024 06:10am

Business & Finance

Jul-Jan power sector circular debt soars to Rs2.635trn

ISLAMABAD: Pakistan’s power sector circular debt has reached Rs 2.635 trillion during first seven months of...

Updated 23 Feb, 2024 08:53am

Markets

Businessman urges incoming govt to address circular debt issue

LAHORE: Ali Alam Qamar, Entrepreneur, industrialist and Director of Flying Group of Industries, highlighted the...

Published 22 Feb, 2024 06:55am

Editorials

Opposition to plans

EDITORIAL: The circular debt reduction and the tariff reduction plans proposed by the Ministry of Energy have been...

Published 19 Feb, 2024 05:24am

BR Research

Circular Debt – a tough row to hoe

The circular debt continues to be a growing challenge, literally, and it’s the real pain in the energy sector. The...

Published 16 Feb, 2024 08:57am

Markets

IMF rejection of CD, tariff strategy: MoF’s ‘half-hearted’ support cited as the reason

ISLAMABAD: The Finance Ministry’s half-hearted support may have been a reason behind the IMF rejection of the...

Published 14 Feb, 2024 09:20am

Markets

KSE-100 stages dramatic recovery after falling below 60k

Turns a corner after plunging over 1,450 points in opening few minutes of trading

Updated 13 Feb, 2024 09:35pm

Markets

IMF not onboard with energy ministry’s tariff rationalisation, circular debt management plans

Mission Chief Nathan Porter says circular debt ‘reduction plan’ entails fiscal risks given chain of transactions involved and would also continue use of supplementary grants

Updated 13 Feb, 2024 10:33pm

Pakistan

Tariff, circular debt plans: govt expects ‘further progress’ in coming week

Says there have been productive deliberations with IMF

Updated 11 Feb, 2024 11:19pm

Opinion

Circular debt once again in focus

Circular debt in the energy sector is a mystery which no government could so far unfold. Over the last two decades ...

Published 10 Feb, 2024 05:48am

IMF briefed about tariff, circular debt plans

International Monetary Fund seeks some clarification from the caretaker government’s team

Updated 06 Feb, 2024 10:28am

Nepra too concerned about rising tariff?

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) acknowledged that amid the historically highest...

Updated 03 Feb, 2024 06:44pm

Markets

KSE-100 loses steam amid late selling, closes marginally higher

Profit-taking erased earlier gains at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 closed with an...

Updated 31 Jan, 2024 09:42pm

‘Innovative’ plan set to reduce circular debt

ISLAMABAD: Caretaker Minister for Power and Petroleum, Muhammad Ali, has set an extremely ambitious circular debt...

Updated 31 Jan, 2024 09:32am

Editorials

Growing circular debt challenge

EDITORIAL: The power sector circular debt, as per a Business Recorder exclusive news item, reached a high of 2.551...

Published 30 Jan, 2024 04:52am

BR Research

Upstream oil and gas sector in 2024

The global upstream oil and gas sector ended 2023 on a weak note. Despite the geopolitical tensions and other...

Published 29 Jan, 2024 09:01am

Business & Finance

Former FPCCI president voices his concern over rising power sector circular debt

LAHORE: “Amidst the government claim of making efforts to improve efficiency the power sector situation remains...

Published 29 Jan, 2024 04:37am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Petrol/Litre / May 11	288.49
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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