Trends - Economic Coordination Committee

Economic Coordination Committee

Gas tariff hike to address Pakistan’s economic woes: energy minister

Says Sui companies would have sustained losses to the tune of over Rs400 billion if gas prices were not raised

Updated 31 Oct, 2023 10:48pm

Markets

Gas tariff hike to bode well for Pakistan in upcoming IMF review: brokerage house

Topline Securities says chemical sector is likely to be significantly impacted as gas prices constitute a major part of total cost and impact is unlikely to be passed on to final consumers

Updated 24 Oct, 2023 10:31pm

Business & Finance

PIA says govt support ‘eases out’ financial woes, ‘restructuring also on track’

Debt-ridden Pakistan International Airlines (PIA) said on Saturday that its financial woes have “eased out” after...

Updated 09 Sep, 2023 04:48pm

Markets

Pakistan LNG allowed to execute framework agreement with Azerbaijan’s SOCAR

ECC directs Ministry of Petroleum to determine LNG needs at least three months in advance on rolling basis

Published 14 Jun, 2023 03:27pm

Markets

ECC approves fixing maximum price of 49 new drugs

Also gives approval for issuance of government of Pakistan guarantee amounting to Rs9.5bn for the project construction of Hyderabad-Sukkur motorway on build-operate-transfer basis

Published 05 Jun, 2023 08:26pm

Markets

ECC approves SNGPL-based fertilizer plants to operate beyond May 31 on indigenous gas

Fatima Fertilizer (Sheikhupura) and Agritech to operate till August 31 with no govt subsidy requirement

Published 24 May, 2023 05:19pm

Pakistan

Roosevelt Hotel: ECC approves execution of settlement agreement

Agreement with the Hotel Union and the New York City Government (NYCG) will seek utilisation of the Roosevelt Hotel over a period of three years for immigrant housing business

Updated 10 May, 2023 05:36pm

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

High-speed diesel on a fortnightly basis: ECC decides to revise premium mechanism for import

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to revise the premium mechanism for...

Updated 26 Mar, 2022 10:45am

SAPM explains China’s approach to 2nd phase of CPEC

ISLAMABAD: Special Assistant to the Prime Minister on CPEC Affairs, Khalid Mansoor said that China has given the...

Updated 08 Feb, 2022 09:29am

ECC to meet today

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet will meet today (Wednesday) to take up 15-point...

Updated 19 Jan, 2022 01:40pm

Ehsaas Targeted Commodity Subsidy Programme: Rs106.102bn approved by ECC

ISLAMABAD: A special meeting of the Economic Coordination Committee (ECC) of the Cabinet has approved Rs106.102...

Updated 18 Dec, 2021 09:30am

Tarin to become adviser to PM?

ISLAMABAD: Finance Minister Shaukat Tarin is likely to be appointed as Adviser to Prime Minister on Finance on...

Updated 12 Oct, 2021 09:41am

Urea fertilizer plants: Ministry reluctant to supply LNG

ISLAMABAD: Ministry of Energy (Petroleum Division) is reportedly reluctant to supply LNG to two urea fertilizer...

Updated 12 Oct, 2021 09:53am

FBR asked to resolve 4pc WHT issue of IPPs

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Federal Board of Revenue (FBR) to...

Updated 11 Oct, 2021 09:24am

Up to December: ECC finalises 280,000 MTs of wheat requirement for USC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has finalised 280,000 metric tonnes wheat...

Updated 08 Oct, 2021 09:17am

CPPA-G payables: PD urges ECC to adjust pending tariff claims of KE

ISLAMABAD: Power Division (PD) is said to have proposed to Economic Coordination Committee (ECC) of the Cabinet to...

Updated 29 Sep, 2021 10:00am

Hasty summaries of ministries irk cabinet division

ISLAMABAD: The Cabinet Division is said to have expressed serious concern on submission of summaries by the...

Published 03 Sep, 2021 03:08am

Export-oriented sectors: ECC approves continuation of gas, power subsidy

Move aimed at reducing cost of manufacturing and supporting the momentum of growth in exports

Updated 17 Aug, 2021 09:48am

ECC approves ‘remittance loyalty’ plan

Programme of around Rs14 billion will provide incentives to overseas Pakistanis to encourage them to send home more remittances through formal channels
Purpose is to help govt deal with expected increase in current account deficit

Updated 12 Aug, 2021 09:32am

New policy for relending of foreign loans unveiled

ISLAMABAD: Relending to borrowers including provincial governments, federal and provincial entities, departments,...

Updated 12 Aug, 2021 09:35am

Wheat import exempted from PPRA rules

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has exempted import of 0.4 Million Metric Tons (MMT) ...

Published 30 Jul, 2021 04:31am

Unutilised Stimulus Package amount: Rs352bn to be used on vaccine procurement

ECC meeting told that funds were allocated under the Economic Stimulus Package for the entire duration of the Covid-19 pandemic, irrespective of the financial year

Updated 29 Jul, 2021 09:12am

Power Division finalises new draft PPA with KE along with disputes

ISLAMABAD: The Power Division has reportedly finalised new draft Power Purchase Agreement (PPA) with Karachi ...

Updated 24 Jul, 2021 10:45am

Govt-owned power plants: MoF opposes Rs177.8bn payment due to limited fiscal space

ISLAMABAD: The Ministry of Finance (MoF) has reportedly opposed payment of Rs 177.8 billion to the government=owned...

Updated 21 Jul, 2021 08:48am

Kamyab Jawan Program: Finance Division estimates Rs21bn budget

ISLAMABAD: The Finance Division has estimated budget requirement of over Rs21 billion for providing mark-up subsidy...

Published 20 Jul, 2021 04:48am

Sugar import allowed by ECC

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet, on Friday, approved sugar import ...

Updated 17 Jul, 2021 10:06am

Imported sugar to get costlier on surge in global prices

Meeting of the ECC informed that imported sugar would cost approximately Rs104 per kg against the current retail market price of Rs98 per kg

Updated 10 Jul, 2021 11:16am

Govt-KE AA talks hit impasse over ‘equity and fairness’ clause

ISLAMABAD: Negotiations between Karachi Electric (KE) and Government of Pakistan (GoP) on Arbitration Agreement (AA)...

Published 10 Jul, 2021 04:59am

BR Research

Minimum support price on cotton, but for whom?

Prologue The Economic Coordination Committee of the federal cabinet in its meeting on Monday reportedly considered...

Updated 30 Jun, 2021 02:51pm

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	3.73 ▲ 1.00 (36.63%)
Universal Ins. / Dec 1 The Universal Insurance Company Limited(UVIC)	6.15 ▲ 1.00 (19.42%)
LSE Propetech / Dec 1 LSE Propetech Limited(LSEPL)	3.84 ▲ 0.52 (15.66%)
Saritow Spinning / Dec 1 Saritow Spinning Mills Limited(SSML)	7.98 ▲ 1.00 (14.33%)
Abdullah Shah / Dec 1 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	6.95 ▲ 0.78 (12.64%)
Next Capital / Dec 1 Next Capital Limited(NEXT)	6.22 ▲ 0.55 (9.70%)
Haseeb Waqas / Dec 1 Haseeb Waqas Sugar Mills Limited(HWQS)	11.38 ▲ 1.00 (9.63%)
Bilal Fibres / Dec 1 Bilal Fibres Limited(BILF)	2.77 ▲ 0.24 (9.49%)
Ruby Textile / Dec 1 Ruby Textile Mills Limited(RUBY)	4.80 ▲ 0.40 (9.09%)
Sakrand Sugar / Dec 1 Sakrand Sugar Mills Limited(SKRS)	9.85 ▲ 0.80 (8.84%)

Stock	Price
Tri-Star Mutual / Dec 1 Tri-Star Mutual Fund Limited(TSMF)	5 ▼ -0.63 (-11.19%)
Aruj Industries / Dec 1 Aruj Industries Limited(ARUJ)	8.15 ▼ -0.87 (-9.65%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	8.35 ▼ -0.71 (-7.84%)
Askari Life Assur. / Dec 1 Askari Life Assurance Company Limited(ALAC)	5.49 ▼ -0.46 (-7.73%)
Siemens Pak. / Dec 1 Siemens (Pakistan) Engineering(SIEM)	717.18 ▼ -58.15 (-7.50%)
Leiner Pak Gelat / Dec 1 Leiner Pak Gelatine Limited(LPGL)	21.71 ▼ -1.46 (-6.30%)
HBL Growth Fund / Dec 1 HBL Growth Fund(HGFA)	8.06 ▼ -0.43 (-5.06%)
Unilever Foods / Dec 1 Unilever Pakistan Foods Limited(UPFL)	21500 ▼ -1000.00 (-4.44%)
Samba Bank / Dec 1 Samba Bank Limited(SBL)	8 ▼ -0.36 (-4.31%)
Kohinoor Power / Dec 1 Kohinoor Power Company Limited(KOHP)	5.20 ▼ -0.22 (-4.06%)

Stock	Volume
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	34,548,158 ▼ -0.06
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	33,025,000 ▼ -0.03
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	28,095,487 ▲ 0.06
Pak Elektron / Dec 1 Pak Elektron Limited(PAEL)	22,572,566 ▲ 1.15
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	18,711,500 ▲ 1.11
Maple Leaf Cement / Dec 1 Maple Leaf Cement Factory Limited(MLCF)	17,836,287 ▲ 1.34
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	17,398,000 ▲ 0.08
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	16,209,942 ▼ -0.05
Hum Network / Dec 1 Hum Network Limited(HUMNL)	12,271,000 ▲ 0.36
Air Link Com. / Dec 1 Air Link Communication Limited(AIRLINK)	11,913,395 ▲ 3.52

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	148.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.26
Euro to USD / Nov 30	1.09
UK LIBOR % / Nov 30	5.46

Stock	Volume
S&P 500 / Nov 30	4567.80
India Sensex / Nov 30	66988.44
Tokyo Nikkei / Nov 30	33486.89
Nasdaq / Nov 30	14226.22
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7453.75
Dow Jones / Nov 30	35950.89
Germany DAX 30 / Nov 30	16215.43
France CAC40 / Nov 30	7310.77

Item	Value
Crude Oil USD/Barrel / Nov 30	75.50
Karachi Cotton PKR/37.32 KG / Nov 30	17435
Gold 10 Grams PKR / Nov 30	189472
Gold Spot USD/Ounce / Nov 30	2039.45
Cotton US¢/pound / Nov 30	80.06

Avari Hotels, Avari family target of alleged blackmail & vilification campaign

Economic Coordination Committee

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