Trends - circular debt - Business Recorder

circular debt

Grid must transform immediately

EDITORIAL: One reform the Prime Minister is particularly optimistic about is the reduction in power prices. Yes,...

Published 05 May, 2025 06:14am

Editorials

Structural reforms: Still waiting for political will

EDITORIAL: The State Bank of Pakistan’s latest Financial Stability Review once again makes a point that should by...

Updated 02 May, 2025 07:26am

MoF tells PD: Power sector subsidies tied to fiscal space

ISLAMABAD: The Ministry of Finance (MoF) has reportedly informed the Power Division (PD) that the allocation of...

Updated 28 Apr, 2025 09:24am

Circular debt: Govt in talks with banks to raise Rs1.275trn

ISLAMABAD: Dr Inayat Hussain Deputy Governor of the State Bank of Pakistan (SBP) said Wednesday that the government...

Updated 24 Apr, 2025 09:30am

KE claims it has no contribution to circular debt

KARACHI: A spokesperson K-Electric stated, “As a private utility, KE has no contribution to circular debt, a fact...

Updated 18 Apr, 2025 04:00pm

BR Research

Power tariffs: Surcharges will stay for much longer

It is official. The electricity price reduction for domestic consumers for April over the previous month is...

Published 16 Apr, 2025 09:11am

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Entire plan already approved by the Task Force on Power

Updated 16 Apr, 2025 02:29pm

IMF allows govt to cut power tariff

Relief to be financed through revenue collected from levy imposed on captive power plants

Updated 28 Mar, 2025 01:53pm

Markets

Dar for a comprehensive strategy to boost E&P sector

ISLAMABAD: The Deputy Prime Minister, Ishaq Dar, chaired a high-level meeting Tuesday to assess critical issues...

Published 26 Mar, 2025 07:00am

PM attracts flak for not holding CCI meetings

Public Accounts Committee discusses various issues in energy sector

Updated 17 Mar, 2025 02:35pm

Power sector: resolution of circular debt in sight

Government and commercial banks reportedly inching towards a viable deal on Rs 1.23 trillion loan to resolve power sector circular debt

Updated 15 Mar, 2025 02:56pm

Editorials

Electricity conundrum

EDITORIAL: Reports appearing in media suggest that the government intends to secure a 1.25 trillion rupees loan from...

Published 11 Mar, 2025 05:35am

BR Research

Circular Debt Déjà Vu

In 2024, a plan aimed at reducing the circular debt stock was put forth, only to be swiftly rejected by the IMF....

Published 10 Mar, 2025 07:09am

Markets

Govt planning to borrow Rs1.25trn from banks to clear circular debt, says brokerage house

In a key development for Pakistan’s power sector, the government was planning to borrow Rs1.25 trillion from the...

Updated 07 Mar, 2025 11:10pm

BR Research

The circular debt respite

Having shot up to nearly Rs2.4 trillion by the end of FY24 – adding Rs140 billion in two years, the power sector...

Published 04 Mar, 2025 07:20am

IMF benchmarks on track, progressing as per plan: PD

ISLAMABAD: The Power Division has claimed that all benchmarks agreed upon with the International Monetary Fund...

Updated 04 Mar, 2025 02:36pm

BR Research

PPL in 1HFY25

Pakistan Petroleum Limited (PSX: PPL), a key player in the country’s energy sector, reported its financial and...

Published 03 Mar, 2025 07:25am

KESC sell-off helped avert massive circular debt: Moonis Alvi

LAHORE: K-Electric CEO Moonis Abdullah Alvi on Thursday said had Karachi Electric Supply Company (KESC) not been...

Updated 28 Feb, 2025 09:19am

Power Division misses key targets set by PM Shehbaz

ISLAMABAD: The Power Division is said to have failed to realise over a dozen priority tasks assigned by the Prime...

Updated 08 Feb, 2025 01:26pm

Gas market: private sector likely to help reduce circular debt

Special Investment Facilitation Council facilitates the energy sector to allow private sector gas companies to contribute Rs 71 billion reduction in circular debt annually

Updated 28 Jan, 2025 03:09pm

Leghari’s remarks on KE’s 7-year MYT spark controversy

ISLAMABAD: Recent remarks by the Minister of Energy, Sardar Awais Leghari, regarding K-Electric’s seven-year...

Updated 03 Jan, 2025 03:21pm

Prioritising imported RLNG to domestic gas harms energy sector

ISLAMABAD: Pakistan’s energy sector is grappling with escalating financial issues, primarily driven by the forced...

Updated 02 Jan, 2025 09:42am

Markets

Surge in capacity drives up electricity production cost, NEPRA report reveals

Pakistan’s total installed capacity to generate power increased to 45,888 megawatts (MW) as on June 30, 2024,...

Published 31 Dec, 2024 10:10pm

Fertilizer plants: Subsidised gas supply fuels circular debt

Federal Cabinet discusses issue of supply of gas to local fertilizer industry

Updated 30 Dec, 2024 02:43pm

Opinion

Power sector: role of WB, ADB, IMF

Once again the World Bank (WB) is reported to be currently working with the government to invite private sector...

Updated 21 Dec, 2024 07:32am

Opinion

CTBCM stillborn

Pakistan’s energy sector stands ensnared in inefficiencies, financial instability, and a chronic inability to...

Updated 16 Dec, 2024 07:58am

Markets

Outsandings against provincial depts/entities: Power minister seeks CMs’ intervention for recovery

ISLAMABAD: Minister for Power, Sardar Awais Ahmed Khan Leghari has sought personal interventions of chief ministers...

Published 13 Dec, 2024 06:29am

Opinion

The unseen costs of power sector mismanagement

The ongoing public discourse surrounding K-Electric’s PKR 68 billion claim for write-offs reveals an alarming gap...

Published 11 Dec, 2024 07:23am

BR Research

Winter Incentive Package: A welcome U-Turn

The government’s decision to include net metering electricity consumers in the Winter Demand Initiative is a...

Published 10 Dec, 2024 09:00am

BR Research

Power sector privatisation – A pipe dream without cost allowances

There is perhaps no country in the world where bad debts do not exist in the energy utility sector, and usually,...

Published 10 Dec, 2024 08:56am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 11	252.63
Diesel/Litre / May 11	256.64

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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