Trends - PIA privatisation - Business Recorder

PIA privatisation

Significant breakthrough: US FAA likely to resume flight operations

KARACHI: Pakistan’s aviation sector is poised for a significant breakthrough as discussions progress with the US...

Updated 13 Dec, 2024 09:12am

Flight resumption: UK’s go-ahead likely by first quarter of 2025

KARACHI: Pakistan is likely to get a go-ahead from British aviation authorities to resume flight operations by first...

Updated 11 Dec, 2024 09:24am

Pakistan

Karachi-Turbat-Karachi flights to resume on 16th

KARACHI: Pakistan International Airlines (PIA) is set to resume flights between Karachi and Turbat by December 16,...

Published 11 Dec, 2024 06:45am

Markets

Govt set to start fresh round of its PIA privatisation pursuit

The government is set to initiate another process of the national carrier Pakistan International Airlines’ (PIA)...

Updated 09 Dec, 2024 10:10pm

Business & Finance

Amir Hayat ends tenure as PIA Holding Company CEO

Air Vice Marshal (AVM) Muhammad Amir Hayat is no longer the Chief Executive Officer (CEO) of PIA Holding Company...

Updated 09 Dec, 2024 10:13pm

Business & Finance

PIA to resume flights to Europe on Jan 10

KARACHI: Pakistan International Airlines (PIA) will resume twice-weekly flights between Islamabad and Paris starting...

Published 07 Dec, 2024 06:51am

Pakistan

Pakistan’s PIA to resume flights to Europe on Jan. 10 after 4-1/2 year ban

PIA's authorisation to operate in EU was suspended in June 2020 over concerns about ability of Pakistani authorities and its Civil Aviation Authority to ensure compliance with international aviation standards

Updated 06 Dec, 2024 10:27pm

Earlier order recalled: Prior approval a must for PIA sell-off, SC tells govt

ISLAMABAD: The Supreme Court recalled its earlier order directing the government not to privatise Pakistan...

Updated 06 Dec, 2024 09:05am

Business & Finance

Schehzad delineates key macro economic achievements

ISLAMABAD: Advisor to Finance Minister on Economic and Financial Reforms, Khurram Schehzad said inflation was...

Published 06 Dec, 2024 06:58am

Business & Finance

PIA names acting CEO as it prepares to resume European flights

KARACHI: The Board of Directors of Pakistan International Airlines (PIA) Corporation Limited has appointed Khurram...

Published 06 Dec, 2024 06:58am

Pakistan

PIA names acting CEO as it prepares to resume European flights

KARACHI: Pakistan International Airlines (PIA) on Thursday named one of the company’s senior executives as acting...

Updated 05 Dec, 2024 11:02pm

Editorials

Lifting of ban on PIA

EDITORIAL: The European Aviation Safety Agency’s decision last week to finally remove the four-year ban on PIA...

Updated 05 Dec, 2024 07:11am

Markets

Asif anticipates higher PIA valuation in second privatization round following EASA decision

Development will allow PIA to recapture European traffic, says aviation minister

Updated 30 Nov, 2024 08:16pm

European Union lifts ban on PIA

KARACHI: The European Union Aviation Safety Agency (EASA) has officially lifted its ban on Pakistan International...

Updated 30 Nov, 2024 03:13pm

Editorials

Challenges facing SEZs, other productive sectors

EDITORIAL: Aleem Khan, Federal Minister for Board of Investment, Privatisation and Communications, has issued a...

Published 26 Nov, 2024 05:49am

Azerbaijan invited to join SOE sell-off drive

ISLAMABAD: Federal Minister for Board of Investment, Privatisation and Communications, Abdul Aleem Khan held a...

Updated 20 Nov, 2024 09:17am

PIA sell-off: FA fees cost kitty Rs1.95bn

ISLAMABAD: The government has incurred a loss of Rs1.95 billion in fees to a Financial Advisor (FA) for structuring...

Updated 19 Nov, 2024 01:16pm

Business & Finance

CCoP reiterates divesting PIACL thru privatisation or G2G mode

ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) reiterated the resolve of the government to divest Pakistan...

Published 16 Nov, 2024 06:04am

Pakistan

CCoP reiterates ‘resolve to divest’ PIA shares, but adds G2G mode

Says will pursue its divestment through privatisation or government-to-government mode

Updated 15 Nov, 2024 10:29pm

Opinion

KP govt again seeks to participate in PIA bidding

In a seemingly unsavory development, the Khyber Pakhtunkhwa (KP) government has written another letter to Minister...

Published 15 Nov, 2024 06:20am

Matter referred to Cabinet committee: PC board rejects Rs10bn bid for PIA

ISLAMABAD: The Privatization Commission Board rejected the Rs10 billion bid submitted by Blue World City Consortium...

Updated 14 Nov, 2024 09:24am

Pakistan

KP govt again seeks to participate in PIA bidding

ISLAMABAD: After having formally conveyed its willingness to the federal government to buy Pakistan International...

Updated 14 Nov, 2024 09:28am

Govt will go for privatisation of PIA again: Aurangzeb

ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb, while admitting trust and credibility deficit with the...

Updated 09 Nov, 2024 07:11pm

PIA’s governance ‘flaws’ identified by SAEP

KARACHI: The controversial sale of five Boeing 777 engines at below-market prices and the grounding of two aircraft...

Updated 06 Nov, 2024 08:28am

Markets

PIA ‘national asset’, provinces welcome to buy airline on PC’s minimum expected price, says Aleem Khan

Minister says federal cabinet to decide if creation of new framework required for privatisation of PIA

Published 03 Nov, 2024 11:01pm

Business & Finance

Govt urged to ‘revive’ PIA privatisation process

LAHORE: Former Caretaker Federal Minister for Commerce and Chairman of the FPCCI Pakistan Economic Revival and ...

Published 03 Nov, 2024 07:44am

Business & Finance

Below govt minimum: PIA stake sale attracts sole bid of Rs10bn

ISLAMABAD: The Blue World Consortium has submitted the only bid for a 60 percent stake in Pakistan International...

Published 01 Nov, 2024 06:51am

Business & Finance

PIA privatisation: Blue World City refuses to match PC’s ‘minimum expectation’ of Rs85.03bn, sticks to Rs10bn offer

Process of PIA bidding concludes with just one sole bid
Ball now in PC and cabinet's court

Updated 01 Nov, 2024 09:55am

Business & Finance

PIA privatisation set to conclude today

ISLAMABAD: The long-awaited privatisation of Pakistan International Airlines (PIA) is set to conclude today...

Published 31 Oct, 2024 06:18am

Pakistan

Real estate developer Blue World City cleared to bid for PIA, company chairman says

KARACHI: A Pakistani real estate development company said on Wednesday it had completed requirements to enter the...

Updated 30 Oct, 2024 10:02pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 13	278.15
USD PKR Interbank Buying / Dec 13	277.95
USD to Japanese Yen / Dec 13	152.89
USD to Swiss Franc / Dec 13	0.89
Pound Sterling to USD / Dec 13	1.27
Euro to USD / Dec 13	1.05

Stock	Volume
S&P 500 / Dec 12	6,051.25
Nasdaq / Dec 12	19,902.84
Dow Jones / Dec 12	44,914.12
India Sensex / Dec 13	81,383.94
Tokyo Nikkei / Dec 13	39,468.16
Hang Seng / Dec 13	20,056.01
FTSE 100 / Dec 13	8,323.68
Germany DAX 30 / Dec 13	20,507.55

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 12	17,585
Gold 10 Grams PKR / Dec 12	243,659.90
Crude Oil USD/Barrel / Dec 13	70.10
Gold Spot USD/Ounce / Dec 13	2,685.25
Cotton US¢/pound / Dec 13	69.62
Petrol/Litre / Dec 14	252.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 14 786 Investments Limited(786)	8.07 ▲ 1.00 (14.14%)
F.Credit & Inv / Dec 14 First Credit and Investment Bank Limited(FCIBL)	8.69 ▲ 1.00 (13.00%)
LSE Financial Serv. / Dec 14 LSE Financial Services Limited(LSEFSL)	15.14 ▲ 1.38 (10.03%)
United Brands / Dec 14 United Brands Limited(UBDL)	24.84 ▲ 2.26 (10.01%)
Arpak Int. / Dec 14 Arpak International Investments Ltd.(ARPAK)	76.32 ▲ 6.94 (10.00%)
Biafo Ind. / Dec 14 Biafo Industries Limited(BIFO)	190.43 ▲ 17.31 (10.00%)
Data Agro / Dec 14 Data Agro Limited(DAAG)	104.61 ▲ 9.51 (10.00%)
Fecto Cement / Dec 14 Fecto Cement Limited(FECTC)	120.47 ▲ 10.95 (10.00%)
Honda Atlas Cars / Dec 14 Honda Atlas Cars (Pakistan) Limited(HCAR)	336.11 ▲ 30.56 (10.00%)

Stock	Price
First Capital Equities / Dec 14 First Capital Equities Limited(FCEL)	5 ▼ -0.76 (-13.19%)
Blue-Ex Ltd / Dec 14 Blue-Ex Limited (GEM)(GEMBLUEX)	32.99 ▼ -3.66 (-9.99%)
Crescent Fib. / Dec 14 Crescent Fibres Limited(CFL)	39.60 ▼ -4.37 (-9.94%)
Mughal Energy / Dec 14 Mughal Energy Limited(GEM)(GEMMEL)	21 ▼ -1.65 (-7.28%)
Askari Bank / Dec 14 Askari Bank Limited(AKBL)	37.56 ▼ -2.93 (-7.24%)
First AL-Noor Mod. / Dec 14 First Al-Noor Modaraba(FANM)	3.25 ▼ -0.24 (-6.88%)
First Elite Cap.Mod / Dec 14 First Elite Capital Modaraba(FECM)	6.45 ▼ -0.45 (-6.52%)
Haseeb Waqas / Dec 14 Haseeb Waqas Sugar Mills Limited(HWQS)	12.01 ▼ -0.83 (-6.46%)
K.S.B.Pumps / Dec 14 KSB Pumps Company Limited(KSBP)	151 ▼ -9.98 (-6.20%)

Stock	Volume
WorldCall Telecom / Dec 14 Worldcall Telecom Limited(WTL)	232,925,553 ▼ -0.01
Cnergyico PK / Dec 14 Cnergyico PK Limited(CNERGY)	80,186,381 ▼ -0.14
Pak Int.Bulk / Dec 14 Pakistan International Bulk Terminal(PIBTL)	75,005,438 ▲ 0.61
K-Electric Ltd. / Dec 14 K-Electric Limited(KEL)	59,689,845 ▲ 0.06
Fauji Foods Ltd / Dec 14 Fauji Foods Limited(FFL)	49,273,861 ▼ -0.03
Treet Corp / Dec 14 Treet Corporation Limited(TREET)	47,769,775 ▲ 2.23
Lotte Chemical / Dec 14 Lotte Chemical Pakistan Limited(LOTCHEM)	45,989,291 ▼ -1.12
Sui South Gas / Dec 14 Sui Southern Gas Company Limited(SSGC)	38,442,527 ▼ -1.06
Power Cement / Dec 14 Power Cement Limited(POWER)	37,680,570 ▲ 0.57

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