Trends - Austerity measures - Business Recorder

Austerity measures

We, ‘those’ people

Now I’m told that this ugly executive-judiciary fight threatens to unravel the sacrosanct “balance between...

Published 26 Sep, 2024 06:48am

Govt embarks on drive to contain its expenditure

Bans purchase of all types of vehicles, procurement of machinery/ equipment

Updated 07 Sep, 2024 03:07pm

Business & Finance

Merger, dissolution of 82 SOEs endorsed

ISLAMABAD: The federal cabinet, on Tuesday, took significant steps towards institutional reforms, focusing on...

Published 28 Aug, 2024 06:22am

Markets

Federal cabinet approves merger, dissolution of 82 SOEs

PM Shehbaz constitutes committee to protect interests of employees to be affected, Ministry of Information and Broadcasting says

Published 27 Aug, 2024 10:05pm

Editorials

Govt required to take belt-tightening steps

EDITORIAL: The government is to begin a legislative process this month designed to initiate implementation of...

Updated 07 Aug, 2024 06:15am

Ban on vehicles, machinery, equipment buying imposed

ISLAMABAD: The Finance Division has imposed a ban on purchase of vehicles, machinery, and equipment, and creation of...

Updated 28 Feb, 2024 08:56am

Austerity steps approved by PM

ISLAMABAD: Caretaker Prime Minister Anwar-ul-Haq Kakar approved a number of austerity measures to stop unnecessary...

Updated 23 Feb, 2024 09:36am

New austerity steps await govt nod

Official documents of the Finance Division notes that measures like a ban on the procurement of durable goods and vehicles are still in vogue and being implemented

Updated 20 Dec, 2023 09:52am

Opinion

Serious economic crisis due to austerity policies, and weak multilateralism

Inadequate provision of International Monetary Fund’s (IMF’s) special drawing rights (SDRs) to Pakistan, like in...

Updated 07 Apr, 2023 06:32am

Austerity measures: MoF links Q4 releases with surrender of 5pc non-ERE funds

ISLAMABAD: The Ministry of Finance (MoF) is said to have linked releases of fourth quarter of current fiscal year,...

Updated 24 Mar, 2023 08:52am

Pakistan

Law ministry asked to request CJP to take austerity measures

ISLAMABAD: The austerity committee has asked Ministry of Law to request Chief Justice of Pakistan to also take...

Published 17 Mar, 2023 06:16am

Pakistan

Dar-led monitoring committee bans use of over 1800cc cars by govt officials

The monitoring committee, led by Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar, on Monday...

Updated 13 Mar, 2023 10:25pm

Editorials

Austerity measures watered down

EDITORIAL: The federal government constituted a monitoring committee on 26 February to oversee the implementation of...

Published 03 Mar, 2023 06:12am

PAOs directed to cut their budgets by 15pc: Austerity plan picks up the pace in austere times

Finance Minister Ishaq Dar chairs first meeting to review the implementation of the decisions taken on austerity

Updated 28 Feb, 2023 09:42am

Ministers, advisers and special assistants to PM: ‘Foreign visits’ cost kitty Rs70m in year

ISLAMABAD: Amid massive economic crisis and claims of austerity measures, the foreign trips of government ministers,...

Updated 28 Feb, 2023 09:34am

Austerity drive: Notification about monitoring body issued

ISLAMABAD: A notification regarding the constitution of a monitoring committee to oversee the implementation of the...

Updated 27 Feb, 2023 01:15pm

Editorials

Austerity steps: austere approach to challenge?

EDITORIAL: Prime Minister Shehbaz Sharif flanked by Finance Minister Ishaq Dar on his left and Qamar Zaman Kaira...

Published 24 Feb, 2023 06:00am

Austerity plan: PM orders constitution of monitoring body

ISLAMABAD: Prime Minister Shehbaz Sharif has directed to establish a monitoring committee on the implementation of...

Updated 24 Feb, 2023 08:49am

Pakistan

Imran says people not ready for more inflation, but certainly ready for revolution

Imran says PM Shehbaz, allies should bring back stolen money if want to make a real sacrifice

Published 22 Feb, 2023 08:00pm

Pakistan

Austerity measures: FD issues office memorandum

ISLAMABAD: The Finance Division on Thursday issued an office memorandum of austerity measures for the ongoing fiscal...

Published 08 Jul, 2022 06:19am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37
France CAC40 / Dec 17	7,365.70
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.98 ▲ 0.87 (12.24%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Leather Up Ltd. / Dec 18 Leather Up Limited(LEUL)	26.74 ▲ 2.43 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)

Stock	Price
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Dawood Lawrencepur / Dec 18 Dawood Lawrencepur Limited(DLL)	211.50 ▼ -23.50 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.K.Spinning / Dec 18 J.K. Spinning Mills Limited(JKSM)	58.50 ▼ -6.50 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.13
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.28
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.42
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▼ -0.02
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.45
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.85
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.34
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -2.64
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.19

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