Trends - subsidy - Business Recorder

subsidy

Vegetable farmers’ groups: Maryam announces subsidy on seeds, fertilizers and solarization

LAHORE: Vegetable farmer groups consisting of 5 to 10 farmers will be given subsidy on seeds, fertilizers, drip...

Published 23 Sep, 2024 06:45am

World

China opens anti-subsidy probe into EU dairy imports

BEIJING: China opened an anti-subsidy probe into imported dairy products from the European Union on Wednesday,...

Published 22 Aug, 2024 06:58am

ECC says relief package through USC to continue

Declares warehousing and logistic sector as an industry

Updated 16 Aug, 2024 03:10pm

No targeted subsidy for ministry: 95pc of PR budget being spent on pension, pay, fuel

ISLAMABAD: About 95 percent of the Railways budget is being utilised on pension, pay and fuel and there is no...

Updated 23 Jul, 2024 08:54am

KE, govt entities: FD shares details of disputed unpaid subsidy claims for mediation

ISLAMABAD: The Finance Division is said to have shared the details of disputed unpaid subsidy claims of over Rs66...

Updated 04 Apr, 2024 09:07am

Ramazan package: Rs6.48bn allocated

Rs3.474 billion subsidy to be provided for atta, followed by Rs1.610 billion for sugar, and Rs1.4 billion for ghee

Updated 02 Mar, 2024 02:17pm

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

Business & Finance

Industry intimated: No non-budgeted subsidy on sugar export: MoF

ISLAMABAD: The Ministry of Finance (MoF) has conveyed to the country’s sugar industry that no non-budgeted subsidy...

Published 23 Mar, 2023 05:47am

Markets

'PM wants difference between fuel prices paid by rich and poor to be Rs100'

Minister of State for Petroleum Dr Musadik Malik says owners of luxury cars will pay higher rates, while low-income groups will be given cheaper fuel

Updated 20 Mar, 2023 08:38pm

Subsidy to agri, zero-rated sectors withdrawn

ISLAMABAD: The government has withdrawn subsidy to agriculture and five zero-rated sectors from March 1, 2023 as a...

Updated 02 Mar, 2023 12:50pm

Pakistan

USC launches subsidy under PM’s Relief Package

ISLAMABAD: The Utility Stores Corporation (USC) has launched targeted and untargeted subsidy for the convenience of...

Published 06 Jan, 2023 05:58am

Flood-hit areas: Govt giving subsidy on tube wells

ISLAMABAD: Prime Minister Shehbaz Sharif has stated that the government is giving subsidy on tube wells to the...

Updated 25 Nov, 2022 09:52am

Pakistan

IMF mission to visit Pakistan in November

IMF is encouraging Pakistan to move from an untargeted subsidy that is a waste of resources, says Fund's official

Updated 14 Oct, 2022 11:19pm

Markets

Petrol prices in Pakistan: what are the components, and how have they behaved

Business Recorder takes a look at how rates have moved in the last one year

Published 29 Jun, 2022 11:59pm

Subsidy waiver on use of HSD by power sector: ECC all set to consider PD’s proposal

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is all set to consider a proposal of the...

Updated 22 Jun, 2022 10:01am

EFF’s 7th review: IMF says expecting to field mission this month

ISLAMABAD: The International Monetary Fund (IMF) Tuesday said that it is expecting to field a mission during May to...

Updated 10 May, 2022 10:39am

Subsidy continues for 5 edible items: ECC approves import of 3MMT of wheat

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved import of three million metric...

Updated 10 May, 2022 10:12am

5 edible items: Subsidy likely to continue for 2 more months

Economic Coordination Committee expected to provide relief on Atta, sugar, Ghee, rice, and pulses under the PM’s Relief Package-2020

Updated 09 May, 2022 10:38am

Pakistan

Sindh govt providing Rs462m subsidy for ghee, wheat flour, sugar: CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah Monday said that his government is giving Rs462 million subsidy on...

Published 26 Apr, 2022 05:20am

Power sector: Miftah has not made it clear which type of subsidy he intends to cut

ISLAMABAD: Finance Minister Miftah Ismail has not yet intimated the Ministry of Energy as to which type of subsidy ...

Updated 25 Apr, 2022 10:05am

KE asks govt to release Rs3.4bn under PM’s relief package

ISLAMABAD: The K-Electric (KE) has sought Rs 3.4 billion from the federal government as the first installment from...

Updated 03 Apr, 2022 08:37am

Markets

Ramazan: wheat flour, ghee, sugar get the lion’s share of Rs8.28bn subsidy

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet was informed that the government...

Published 11 Mar, 2022 05:12am

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

Provinces to be asked to share subsidy burden

Finance Minister Shaukat Tarin chairs meeting of Economic Coordination Committee

Updated 23 Feb, 2022 09:59am

Pakistan

Govt to provide subsidy, free organic fertilizers to farmers

PESHAWAR: Federal and Khyber Pakhtunkhwa Governments would provide a subsidy of Rs 600 million and free organic...

Published 29 Dec, 2021 06:57am

Pakistan

SACM says Punjab govt has provided Rs5bn subsidy on sugar

LAHORE: Terming the commencement of sugarcane crushing season by the Sindh government as a good step, Special...

Published 09 Nov, 2021 04:48am

Pakistan

Sindh govt to formulate biosaline agriculture plan

HYDERABAD: Govern-ment of Sindh to provide 80 percent subsidy on the high-efficiency irrigation system to farmers...

Published 06 Jun, 2021 02:56am

Circular debt may hit Rs2.7trn mark

ISLAMABAD: The energy sector's circular debt is likely to touch Rs 2.7 trillion in fiscal year 2021-22 in case the...

Published 05 Jun, 2021 04:08am

Pakistan

Govt to introduce special package for farmers: Gill

MULTAN: Special Assistant to Prime Minister Shehbaz Gill said that the government was introducing a special package...

Updated 26 Apr, 2021 10:16am

Business & Finance

Trend of housing finance is accelerating, says SBP's Kamil

Sima Kamil said that banks have approved loans of Rs 15 billion in six months and earlier loan terms were difficult but now they have been eased.

Published 22 Apr, 2021 02:26pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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