Trends - ECC - Business Recorder

ECC

PM directs early release of funds for Fata schemes

ISLAMABAD: Prime Minister Shehbaz Sharif has directed that funds for the various schemes for Fata should be...

Published 29 Mar, 2023 06:27am

Remdesivir 100mg price: Ministry directed not to further liaise with HC in BD

ISLAMABAD: The government has directed Ministry of National Health Services, Regulations and Coordination not to...

Updated 29 Mar, 2023 09:05am

KE consumers: Govt files motion with Nepra for recovery of two QTAs of Rs6/unit

ISLAMABAD: The federal government has filed a motion with the National Electric Power Regulatory Authority (Nepra)...

Updated 29 Mar, 2023 09:03am

Pakistan

7th census: PBS demands remaining Rs12bn

ISLAMABAD: The Pakistan Bureau of Statistics (PBS) has demanded the remaining Rs12 billion for conducting the 7th...

Published 28 Mar, 2023 06:21am

Reko Diq dispute: ECC approves Rs6.2bn mark-up payment

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved a mark up payment of Rs6.238 ...

Updated 28 Mar, 2023 08:49am

Editorials

Sharp decline in cotton production

EDITORIAL: While it is not really surprising that Pakistan’s per acre cotton production has dropped to half the...

Updated 28 Mar, 2023 06:43am

ECC told: G-B working on targeted wheat subsidy plan

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet was informed that Gilgit-Baltistan (GB) is...

Updated 26 Mar, 2023 10:21am

Govt to approve amendments to MA, PPA and NA of Uch Power

ISLAMABAD: The government is to approve amendments to Master Agreement (MA), Power Purchase Agreement (PPA) and the...

Updated 24 Mar, 2023 08:51am

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

Editorials

Relief packages: a euphemism for subsidies

EDITORIAL: Prime Minister Shehbaz Sharif has announced two relief packages, read subsidies, for the poor and...

Published 22 Mar, 2023 06:24am

Exchange losses: ECC approves Rs27bn TSG for Kuwait Petroleum

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, Tuesday, approved an immediate technical...

Updated 22 Mar, 2023 09:00am

Kuwait Petroleum receivables: PD seeks Rs27bn from MoF

ISLAMABAD: Petroleum Division has sought Rs 27 billion from Finance Ministry to clear outstanding receivables of...

Updated 22 Mar, 2023 09:09am

Too tight fiscal space: MoF bans SGs, subsidies

Cites limited fiscal space and cap on expenditures as reasons

Updated 21 Mar, 2023 09:02am

No subsidized gas for fertilizer plants after May

Decision taken at a recent meeting of the ECC when supply of subsidized gas to two urea fertilizer plants in Punjab came under discussion

Updated 21 Mar, 2023 01:05pm

PPIB gives TCB-1 three more months for financial close

ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has granted three months (till December 31, 2023)...

Updated 21 Mar, 2023 08:57am

Cotton: huge output shortfall projected

Cotton production will be merely 4.78 million bales against the target of 09 million bales due to damage by the floods and decline in the area

Updated 19 Mar, 2023 12:20pm

Business & Finance

Sugar export: Shipment period extended on exporters’ plea

ISLAMABAD: The government has increased shipment time for the export of sugar after sugar exporters expressed ...

Published 18 Mar, 2023 06:14am

Urea production: Fertiliser plants to get gas till May 31st: ECC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to supply indigenous gas to urea...

Updated 16 Mar, 2023 10:00am

PSO suggests Rs10/litre levy to avert default

ISLAMABAD: While claiming it is on the brink of collapse, Pakistan State Oil (PSO), state-owned energy marketing...

Updated 16 Mar, 2023 09:57am

Pakistan

ECC greenlights supply of indigenous gas to fertilizer sector

The Economic Coordination Committee (ECC) on Wednesday approved the supply of indigenous gas to fertilizer plants to...

Updated 15 Mar, 2023 09:51pm

ECC extends sugar export time period to 60 days

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed an extension in sugar export time...

Updated 15 Mar, 2023 08:51am

Opinion

Policies and their implementation

Policies in Pakistan’s multiple sectors are well researched, many compiled with donor funding which enables...

Published 13 Mar, 2023 06:15am

Customs sets up cell to monitor sugar export

KARACHI: Pakistan Customs has established a special cell at the Port Qasim Collectorate to monitor the exports of...

Updated 12 Mar, 2023 09:59am

Bridge financing for digital census: ECC asks 4 ministries to surrender Rs12bn

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed four Ministries to surrender Rs 12...

Updated 12 Mar, 2023 09:51am

LNG import: ECC may allow PLL to execute FA with Azeri firm

ISLAMABAD: The Economic Coordination Committee (ECC) may allow Pakistan LNG Limited (PLL) to execute a proposed...

Updated 12 Mar, 2023 09:54am

ECC seeks data on wheat situation

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has sought complete data of wheat procurement/...

Updated 11 Mar, 2023 08:49am

Business & Finance

Containers stuck at ports: ECC seeks report on waiver of storage charges

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Ministry of Maritime Affairs (MOMA)...

Updated 09 Mar, 2023 08:53am

Rs201bn cash credit limit: ECC approves procurement of 1.8 MMTs of wheat by Passco

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved the procurement of 1.80 MMTs...

Updated 09 Mar, 2023 08:53am

Business & Finance

Two fertiliser plants, domestic sector: PSO needs Rs39bn for payment obligations and sustaining LNG supply chain

ISLAMABAD: Petroleum Division has sought Rs 39 billion against supply of RLNG to two fertilizer plants and domestic...

Published 08 Mar, 2023 06:55am

Jul-Nov period: Nepra allows imposition of power surcharges

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has put a stamp on an additional surcharge of...

Updated 07 Mar, 2023 08:49am

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 29 The Pakistan General Insurance Co. Ltd.(PKGI)	4.42 ▲ 0.62 (16.32%)
Popular Islamic / Mar 29 Popular Islamic Modaraba(PIM)	8.15 ▲ 1.00 (13.99%)
KASB Modaraba / Mar 29 KASB Modaraba(KASBM)	1.24 ▲ 0.15 (13.76%)
Invest Bank / Mar 29 Invest Capital Investment Bank Limited(ICIBL)	1.19 ▲ 0.10 (9.17%)
J.K.Spinning / Mar 29 J.K. Spinning Mills Limited(JKSM)	43.32 ▲ 3.02 (7.49%)
Khairpur / Mar 29 Khairpur Sugar Mills Limited(KPUS)	67.61 ▲ 4.71 (7.49%)
Quetta Textile / Mar 29 Quetta Textile Mills Limited(QUET)	15.22 ▲ 1.06 (7.49%)
Zahid Jee Textile / Mar 29 Zahidjee Textile Mills Limited(ZAHID)	26.87 ▲ 1.87 (7.48%)
Shield Corp. / Mar 29 Shield Corporation Limited(SCL)	304 ▲ 20.89 (7.38%)
Shifa Int.Hosp / Mar 29 Shifa International Hospitals Limited(SHFA)	119 ▲ 8.00 (7.21%)

Stock	Price
Pak. P.V.C. / Mar 29 Pakistan PVC Limited(PPVC)	3.91 ▼ -0.99 (-20.20%)
First Pak Mod. / Mar 29 First Pak Modaraba(PAKMI)	1.20 ▼ -0.20 (-14.29%)
Bilal Fibres / Mar 29 Bilal Fibres Limited(BILF)	2.15 ▼ -0.29 (-11.89%)
Unicap Modaraba / Mar 29 Unicap Modaraba(UCAPM)	1.61 ▼ -0.19 (-10.56%)
U.D.L.Modaraba / Mar 29 First UDL Modaraba(FUDLM)	4.71 ▼ -0.49 (-9.42%)
Media Times Ltd / Mar 29 Media Times Limited(MDTL)	1.82 ▼ -0.16 (-8.08%)
Ghazi Fabrics / Mar 29 Ghazi Fabrics International Limited(GFIL)	4.07 ▼ -0.34 (-7.71%)
Saritow Spinning / Mar 29 Saritow Spinning Mills Limited(SSML)	4.03 ▼ -0.33 (-7.57%)
Metro Steel / Mar 29 Metropolitan Steel Corporation Limited(MSCL)	27.39 ▼ -2.22 (-7.50%)
Nimir Ind.Chem. / Mar 29 Nimir Industrial Chemicals Limited(NICL)	57.77 ▼ -4.68 (-7.49%)

Stock	Volume
Telecard Limited / Mar 29 Telecard Limited(TELE)	23,781,500 ▼ -0.33
WorldCall Telecom / Mar 29 Worldcall Telecom Limited(WTL)	9,342,048 ▼ -0.02
Pakistan Alumin / Mar 29 Pakistan Aluminium Beverage Cans Limited(PABC)	7,635,500 ▼ -2.29
Pak Int.Bulk / Mar 29 Pakistan International Bulk Terminal(PIBTL)	5,999,500 ▼ -0.17
Nishat Mills Ltd / Mar 29 Nishat Mills Limited(NML)	4,517,772 ▼ -0.92
Shifa Int.Hosp / Mar 29 Shifa International Hospitals Limited(SHFA)	4,299,000 ▲ 8.00
Pak Elektron / Mar 29 Pak Elektron Limited(PAEL)	4,048,000 ▼ -0.07
K-Electric Ltd. / Mar 29 K-Electric Limited(KEL)	3,769,542 ▼ -0.02
Habib Bank / Mar 29 Habib Bank Limited(HBL)	3,527,993 ▼ -1.26
D.G.K.Cement / Mar 29 D.G. Khan Cement Company Limited(DGKC)	3,430,473 ▼ -0.07

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 29	284
USD PKR Interbank Buying / Mar 29	283.40
USD to Japanese Yen / Mar 29	131.67
USD to Swiss Franc / Mar 29	0.92
Pound Sterling to USD / Mar 29	1.23
Euro to USD / Mar 29	1.08
UK LIBOR % / Mar 28	4.81

Stock	Volume
S&P 500 / Mar 28	3971.27
Nasdaq / Mar 28	11716.08
Dow Jones / Mar 28	32394.25
India Sensex / Mar 29	57772.50
Tokyo Nikkei / Mar 29	27883.78
Hang Seng / Mar 29	20191.68
FTSE 100 / Mar 29	7506.30
Germany DAX 30 / Mar 29	15242.54
France CAC40 / Mar 29	7139.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 28	18935
Gold 10 Grams PKR / Mar 28	175411
Crude Oil USD/Barrel / Mar 29	73.63
Gold Spot USD/Ounce / Mar 29	1966.74
Cotton US¢/pound / Mar 29	82

ECC

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