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 / Jan 3	278.63
USD PKR Interbank Buying / Jan 3	27,843
USD to Japanese Yen / Jan 3	157.26
USD to Swiss Franc / Jan 3	0.91
Pound Sterling to USD / Jan 3	1.24
Euro to USD / Jan 3	1.03

Stock	Volume
S&P 500 / Jan 3	5,942.47
India Sensex / Jan 3	79,223.11
Tokyo Nikkei / Jan 3	39,894.54
Nasdaq / Jan 3	19,621.68
Hang Seng / Jan 3	19,760.27
FTSE 100 / Jan 3	8,223.98
Dow Jones / Jan 3	42,732.13
Germany DAX 30 / Jan 3	19,906.08

Item	Value
Crude Oil USD/Barrel / Jan 3	73.96
Gold 10 Grams PKR / Jan 3	243,488.40
Gold Spot USD/Ounce / Jan 3	2,640.22
Cotton US¢/pound / Jan 3	67.66
Karachi Cotton PKR/37.32 KG / Jan 4	18,285
Petrol/Litre / Jan 6	252.66

Gainers
Losers
Leaders

Stock	Price
Sanghar Sugar / Jan 6 Sanghar Sugar Mills Limited(SANSM)	27.88 ▲ 3.54 (14.54%)
Hallmark Co. / Jan 6 Hallmark Company Limited(HCL)	1,200.54 ▲ 149.47 (14.22%)
Kohinoor Textile / Jan 6 Kohinoor Textile Mills Limited(KTML)	133.76 ▲ 14.29 (11.96%)
LSE Financial Serv. / Jan 6 LSE Financial Services Limited(LSEFSL)	16.98 ▲ 1.60 (10.40%)
Universal Ins. / Jan 6 The Universal Insurance Company Limited(UVIC)	10.90 ▲ 0.90 (9.00%)
Ittefaq Iron Ind / Jan 6 Ittefaq Iron Industries Limited(ITTEFAQ)	9.70 ▲ 0.78 (8.74%)
Adam Sugar / Jan 6 Adam Sugar Mills Limited(ADAMS)	61.97 ▲ 4.42 (7.68%)
Amtex Ltd / Jan 6 Amtex Limited(AMTEX)	3.60 ▲ 0.25 (7.46%)
Flying Cement / Jan 6 Flying Cement Company Limited(FLYNG)	26.99 ▲ 1.84 (7.32%)

Stock	Price
PICIC Ins.Ltd. / Jan 6 PICIC Insurance Limited(PIL)	2.07 ▼ -0.36 (-14.81%)
Tri-Star Power / Jan 6 Tri-Star Power Limited(TSPL)	6.15 ▼ -0.72 (-10.48%)
Fast Cables / Jan 6 Fast Cables Limited(FCL)	25.40 ▼ -2.42 (-8.70%)
Rafhan Maize / Jan 6 Rafhan Maize Products Company Limited(RMPL)	8,213.02 ▼ -780.94 (-8.68%)
AL-Ghazi Tractors / Jan 6 Al-Ghazi Tractors Limited(AGTL)	637 ▼ -55.63 (-8.03%)
Chakwal Spinning / Jan 6 Chakwal Spinning Mills Limited(CWSM)	72.99 ▼ -6.31 (-7.96%)
Macter Int. Ltd / Jan 6 Macter International Limited(MACTER)	290 ▼ -20.25 (-6.53%)
Pakistan Services / Jan 6 Pakistan Services Limited(PSEL)	790 ▼ -54.46 (-6.45%)
Aruj Industries / Jan 6 Aruj Industries Limited(ARUJ)	8.61 ▼ -0.57 (-6.21%)

Stock	Volume
WorldCall Telecom / Jan 6 Worldcall Telecom Limited(WTL)	73,230,816 ▲ 0.08
Cnergyico PK / Jan 6 Cnergyico PK Limited(CNERGY)	57,326,691 ▲ 0.05
Fauji Cement / Jan 6 Fauji Cement Company Limited(FCCL)	54,376,196 ▲ 1.95
Fauji Foods Ltd / Jan 6 Fauji Foods Limited(FFL)	48,486,153 ▲ 0.02
Pace (Pak) Ltd. / Jan 6 Pace (Pakistan) Limited(PACE)	47,351,133 ▲ 0.24
K-Electric Ltd. / Jan 6 K-Electric Limited(KEL)	47,018,900 ▲ 0.17
Bank Makramah / Jan 6 Bank Makramah Limited(BML)	34,268,257 ▼ -0.17
Pak Elektron / Jan 6 Pak Elektron Limited(PAEL)	32,625,743 ▲ 0.69
B.O.Punjab / Jan 6 The Bank of Punjab(BOP)	26,761,290 ▼ -0.08

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