Trends - fuel subsidy - Business Recorder

fuel subsidy

There will be no new fuel subsidy or cross-subsidy schemes: Govt makes firm pledge to IMF

Assures IMF that it will refrain from netting out cross-arrears without proper due diligence and ex-ante independent auditing

Updated 12 May, 2024 01:30pm

Govt to scrap fuel subsidy plan, IMF told

ISLAMABAD: Pakistan has told the International Monetary Fund (IMF) it will not implement a fuel subsidy programme as...

Updated 12 May, 2023 08:45am

Opinion

The fuel ‘relief’ plan and the IMF

The government’s planned fuel relief package has expectedly attracted International Monetary Fund’s (IMF’s) ...

Published 27 Mar, 2023 06:15am

Locked bailout: govt fuel scheme adds to hurdles?

Pakistan and the IMF have been negotiating since early February on an agreement that would release $1.1 billion

Updated 25 Mar, 2023 09:03pm

Markets

KSE-100 ends below 40,000 level amid IMF uncertainty

Benchmark index settles at 39,942.05, a decline of 434.05 points

Updated 24 Mar, 2023 05:11pm

Ministry given six weeks to draft fuel relief package

Petroleum Minister Musadik Malik says package is a pricing scheme and not a subsidy

Updated 24 Mar, 2023 09:02am

Financing fuel subsidy: Rich to pay Rs100 more per litre: govt

ISLAMABAD: The government will finance the fuel subsidy (discounted fuel) by charging Rs100 per litre more from the...

Updated 23 Mar, 2023 09:31am

Pakistan

Govt announces fuel package relief for low-income families

Wants to subsidise Rs50 per litre for those using motorcycles, rickshaws and 800cc vehicles

Updated 19 Mar, 2023 09:11pm

BISP urges ECC to give it Rs40bn more

ISLAMABAD: The government has provided Rs48 billion so far to the Benazir Income Support Programme (BISP), ...

Updated 21 Feb, 2023 08:53am

Inflation may remain on the higher side: SBP

KARACHI: The State Bank of Pakistan (SBP) Thursday forecast that inflation is likely to remain on the higher side...

Updated 08 Jul, 2022 09:27am

Markets

‘Fuel subsidy grant released for BISP’

MULTAN: Federal government on Tuesday released special grant to Benazir Income Support Programme (BISP) triggering...

Published 22 Jun, 2022 05:58am

Prices of POL products: Govt explains situation, tries to justify hike

Says it can’t buy fuel at higher price and give on subsidised rate

Updated 04 Jun, 2022 11:27am

Pakistan

Rs28-billion relief package announced by PM Shehbaz

Disbursement of Rs2,000 per family in addition to Benazir Income Support Programme to be given to low-income groups, will be accommodated in upcoming budget
Charter of Economy to be discussed with all stakeholders, says prime minister

Updated 27 May, 2022 11:36pm

Opinion

A chaotic economy

While the incumbent finance minister Miftah Ismail was still in the air on his way back, having announced successful...

Updated 07 May, 2022 08:48pm

Business & Finance

Experts predict hike in inflation as Pakistan agrees to roll back fuel subsidy

Inflation could rise from 12% to over 15%, says analyst, as Islamabad looks to revive IMF programme

Updated 26 Apr, 2022 06:07pm

Business & Finance

Rollback of fuel subsidy: Miftah should have taken a stand, says Tarin

Ex-finance minister says PTI government met all IMF targets for release of fund's seventh tranche

Updated 25 Apr, 2022 05:17pm

Markets

Expert opposes planned curbs on fuel, power subsidies

KARACHI: The demand for withdrawal of fuel subsidy and increase in power tariff is “catastrophic and damaging” ...

Published 24 Apr, 2022 06:31am

Business & Finance

PBC urges PM to revive IMF programme, withdraw fuel subsidy

Don’t allow country to experience challenges confronting Sri Lanka, says Pakistan Business Council

Updated 19 Apr, 2022 02:38pm

Pakistan

Pakistan confident of defending $1.5bn fuel subsidy at IMF review: finance ministry

We have that fiscal space to fund this money, says spokesperson

Published 04 Mar, 2022 07:57pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 3	277.92
USD PKR Interbank Buying / Dec 3	277.72
USD to Japanese Yen / Dec 3	150.01
USD to Swiss Franc / Dec 3	0.89
Pound Sterling to USD / Dec 3	1.27
Euro to USD / Dec 3	1.05

Stock	Volume
S&P 500 / Dec 2	6,047.15
Nasdaq / Dec 2	19,403.95
Dow Jones / Dec 2	44,782
India Sensex / Dec 3	80,853.10
Tokyo Nikkei / Dec 3	39,248.86
Hang Seng / Dec 3	19,694.44
FTSE 100 / Dec 3	8,345.09
Germany DAX 30 / Dec 3	20,011.64

Item	Value
Gold 10 Grams PKR / Dec 2	235,340
Petrol/Litre / Dec 3	252.10
Crude Oil USD/Barrel / Dec 3	68.37
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Gold Spot USD/Ounce / Dec 3	2,645.88
Diesel/Litre / Dec 3	258.43

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▼ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▼ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▼ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▲ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▲ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▲ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 3 Worldcall Telecom Limited(WTL)	213,514,857 ▲ 0.00
Cnergyico PK / Dec 3 Cnergyico PK Limited(CNERGY)	196,907,321 ▲ 0.00
Fauji Foods Ltd / Dec 3 Fauji Foods Limited(FFL)	68,325,507 ▲ 0.00
K-Electric Ltd. / Dec 3 K-Electric Limited(KEL)	66,212,972 ▲ 0.00
Sui South Gas / Dec 3 Sui Southern Gas Company Limited(SSGC)	65,264,278 ▲ 0.00
B.O.Punjab / Dec 3 The Bank of Punjab(BOP)	61,288,845 ▲ 0.00
Hascol Petrol / Dec 3 Hascol Petroleum Limited(HASCOL)	49,268,731 ▲ 0.00
Pak Int.Bulk / Dec 3 Pakistan International Bulk Terminal(PIBTL)	46,902,495 ▲ 0.00
Fauji Cement / Dec 3 Fauji Cement Company Limited(FCCL)	31,910,059 ▲ 0.00

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