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

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

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

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

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

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

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 / May 12	281.63
USD PKR Interbank Buying / May 12	281.43
USD to Japanese Yen / May 12	145.91
USD to Swiss Franc / May 12	0.83
Pound Sterling to USD / May 12	1.33
Euro to USD / May 12	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
Nasdaq / May 9	17,928.92
Dow Jones / May 9	41,249.38
India Sensex / May 12	81,746.51
Tokyo Nikkei / May 12	37,643.20
Hang Seng / May 12	23,174.79
FTSE 100 / May 12	8,559.54
Germany DAX 30 / May 12	23,721.61
France CAC40 / May 12	7,802.81

Item	Value
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Petrol/Litre / May 12	252.63
Crude Oil USD/Barrel / May 12	61.81
Gold Spot USD/Ounce / May 12	3,279.94
Diesel/Litre / May 12	256.64
Cotton US¢/pound / May 12	67.45

Gainers
Losers
Leaders

Stock	Price
Equity Modaraba / May 12 First Equity Modaraba(FEM)	3.46 ▲ 0.96 (38.4%)
Cresent Jute / May 12 Crescent Jute Products Limited(CJPL)	3.29 ▲ 0.69 (26.54%)
Dewan Farooque Sp. / May 12 Dewan Farooque Spinning Mills Limited(DFSM)	2.99 ▲ 0.62 (26.16%)
Kohinoor Spining / May 12 Kohinoor Spinning Mills Limited(KOSM)	4.99 ▲ 1 (25.06%)
Media Times Ltd / May 12 Media Times Limited(MDTL)	1.85 ▲ 0.34 (22.52%)
Pace (Pak) Ltd. / May 12 Pace (Pakistan) Limited(PACE)	5.39 ▲ 0.97 (21.95%)
Cres.Star Ins. / May 12 Crescent Star Insurance Limited(CSIL)	2.73 ▲ 0.47 (20.8%)
Al-Shaheer Corp / May 12 Al Shaheer Corporation Limited(ASC)	5.88 ▲ 1 (20.49%)
PICIC Ins.Ltd. / May 12 PICIC Insurance Limited(PIL)	3.33 ▲ 0.56 (20.22%)
Chenab Ltd / May 12 Chenab Limited(CHBL)	5.92 ▲ 0.91 (18.16%)

Stock	Price
Ellcot Spinning / May 12 Ellcot Spinning Mills Limited(ELSM)	101.10 ▼ -11.09 (-9.89%)
Shams Textile / May 12 Shams Textile Mills Limited(STML)	21.50 ▼ -2 (-8.51%)
National Silk / May 12 The National Silk & Rayon Mills Limited(NSRM)	38.55 ▼ -3.5 (-8.32%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	41.50 ▼ -3.37 (-7.51%)
Quetta Textile / May 12 Quetta Textile Mills Limited(QUET)	10.31 ▼ -0.75 (-6.78%)
Din Tex. / May 12 Din Textile Mills Limited(DINT)	47 ▼ -2.99 (-5.98%)
Pak Leather / May 12 Pak Leather Crafts Limited(PAKL)	28.25 ▼ -1.75 (-5.83%)
Shield Corp. / May 12 Shield Corporation Limited(SCL)	265.90 ▼ -13.03 (-4.67%)
First Elite Cap.Mod / May 12 First Elite Capital Modaraba(FECM)	17.60 ▼ -0.84 (-4.56%)
Sakrand Sugar / May 12 Sakrand Sugar Mills Limited(SKRS)	11.80 ▼ -0.52 (-4.22%)

Stock	Volume
K-Electric Ltd. / May 12 K-Electric Limited(KEL)	86,294,966 ▲ 0.58
At-Tahur Ltd. / May 12 At-Tahur Limited(PREMA)	65,205,377 ▲ 2.1
WorldCall Telecom / May 12 Worldcall Telecom Limited(WTL)	57,174,462 ▲ 0.15
Power Cement / May 12 Power Cement Limited(POWER)	34,222,352 ▲ 1.19
Cnergyico PK / May 12 Cnergyico PK Limited(CNERGY)	31,440,529 ▲ 1
B.O.Punjab / May 12 The Bank of Punjab(BOP)	30,142,789 ▲ 1
Hub Power Co. / May 12 The Hub Power Company Limited(HUBC)	21,319,452 ▲ 12.58
Kohinoor Spining / May 12 Kohinoor Spinning Mills Limited(KOSM)	21,145,512 ▲ 1
Pak Int.Bulk / May 12 Pakistan International Bulk Terminal(PIBTL)	14,397,908 ▲ 1
Pak Elektron / May 12 Pak Elektron Limited(PAEL)	11,687,278 ▲ 4.02

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Austerity measures

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