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fuel prices

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

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

Petrol subsidy to bikers: two options under study

ISLAMABAD: On an average consumption of 17.5 litres per month, the two options under consideration for petrol...

Updated 21 Mar, 2023 08:58am

Fuel prices increased

ISLAMABAD: The federal government Thursday allowed a substantial raise in the prices of petroleum products, ie, up ...

Updated 16 Mar, 2023 09:59am

BR Research

DGKC & MLCF: Fair warning

Here is a direct quote from the financial reportof prominent cement player DG Khan Cement (PSX: DKGC) for the first...

Published 03 Mar, 2023 08:51am

First half of March: Fuel prices may be kept unchanged by adjusting PL

ISLAMABAD: The federal government may keep the prices of fuel unchanged in the first half of March (1-15) by...

Updated 28 Feb, 2023 09:35am

Pakistan

Pakistan finance secretary sees IMF staff level talks wrapping up this week

IMF funds are critical for the $350 billion South Asian economy facing a severe balance of payments crisis

Updated 22 Feb, 2023 03:37am

Opinion

A great social and political upheaval is coming?

There are two extremely discomforting economic phenomena unfolding simultaneously in Pakistan – one is dangerously...

Published 20 Feb, 2023 06:26am

Markets

India cuts windfall tax on crude, aviation turbine fuel and diesel

BENGALURU: India has cut its windfall tax on crude oil and exports of aviation turbine fuel and diesel, according to...

Published 16 Feb, 2023 10:41am

Pakistan

IK says ‘mini-budget’ to fuel inflation

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan Tuesday warned that after the passage of...

Updated 16 Feb, 2023 06:31am

Editorials

‘Mini-budget’ revenue impact raised

EDITORIAL: Informed sources have revealed exclusively to Business Recorder that the Ministry of Finance has ...

Published 31 Jan, 2023 06:01am

Pakistan

Ahsan holds Imran responsible for petrol price hike

NAROWAL: Minister for Planning and Development Ahsan Iqbal has held former premier and Pakistan Tehreek-e-Insaf ...

Published 30 Jan, 2023 06:25am

Opinion

Hike in fuel prices

A big rise in fuel prices was expected, it is highly disappointing nevertheless. Given a Rs 35 per litre hike in...

Published 30 Jan, 2023 05:56am

IMF conditionalities: Govt raises fuel prices in a gesture of compliance

ISLAMABAD: The government has announced to increase the prices of petroleum products by Rs 35 (petrol, diesel) and...

Updated 30 Jan, 2023 09:27am

Imran Khan censures govt for ‘massive’ fuel hike

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman and former prime minister Imran Khan on Sunday strongly criticised...

Updated 30 Jan, 2023 09:29am

Business & Finance

Hike to fuel inflation: Tarin

ISLAMABAD: Former finance minister and Pakistan Tehreek-e-Insaf (PTI) leader Shaukat Tarin said on Sunday that the...

Updated 30 Jan, 2023 09:27am

Pakistan

Ishaq Dar announces 35-rupee hike in prices of petrol and diesel

Finance Minister says price-increase applicable from 11am today
Price of petrol reaches Rs249.80 per litre, high speed diesel now at Rs262.80

Updated 29 Jan, 2023 03:34pm

Business & Finance

POL products: additional Rs76bn revenue can be generated thru PL maximization to Rs50 per litre

ISLAMABAD: The government has projected to collect Rs 76 billion additional revenue if it maximizes the petroleum...

Updated 25 Jan, 2023 08:56am

Policy rate hiked to 17pc to rein in soaring inflation

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) Monday increased the key policy ...

Updated 24 Jan, 2023 09:05am

Fuel prices kept unchanged amid speculation

Government adjusts rates of petroleum levy (PL) with effect from today

Updated 16 Jan, 2023 09:40am

Business & Finance

Brazil retail sales post biggest drop in Nov

SAO PAULO: Retail sales volumes in Brazil posted in November their biggest drop in five months, government ...

Published 14 Jan, 2023 06:22am

Markets

Asia’s spot fuel market steady to softer

SINGAPORE: Asia’s spot fuel oil market was steady to softer on Wednesday on consistent supply arrivals, while...

Published 05 Jan, 2023 05:58am

Business & Finance

UK inflation slows, remains close to 11 percent

LONDON: British inflation slowed more than expected in November but remained near the highest level in more than 40...

Published 15 Dec, 2022 07:40am

Markets

Asia spot fuel market eases on thin trade

SINGAPORE: Asia’s spot fuel oil market eased further on Tuesday amid thin trade, while backwardation in the very...

Published 14 Dec, 2022 05:57am

Business & Finance

‘The worst is yet to come’: the curse of high inflation

NEW YORK: Globally, people are experiencing inflation at levels not seen for decades as prices surge for essentials...

Published 09 Dec, 2022 05:58am

BR Research

Inflation roundup

There is no slowdown in inflation. The headline stood at 26.6 percent in October and the month-on-month increase is...

Published 02 Nov, 2022 09:15am

Markets

Biden, ‘outraged’ by oil company profits

WASHINGTON: US President Joe Biden, who has expressed outrage at oil companies making record profits while Americans...

Published 01 Nov, 2022 05:55am

Markets

Rates of food items on the rise in Peshawar

PESHAWAR: Prices of vegetables, live chicken/ meat, flour and other edibles remained on higher side in the local...

Published 24 Oct, 2022 05:45am

Markets

US could sell oil from emergency reserve this week

WASHINGTON: The Biden administration plans to sell oil from the Strategic Petroleum Reserve in a bid to dampen fuel...

Published 18 Oct, 2022 10:12am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 27 786 Investments Limited(786)	4.95 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 27 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▼ 0.00 (0.00%)
Agro Allianz / Mar 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 27 Allied Bank Limited(ABL)	62.50 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 27 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▼ 0.00 (0.00%)
Abson Ind. / Mar 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 27 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Mar 27 Attock Cement Pakistan Limited(ACPL)	56.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 27 786 Investments Limited(786)	4.95 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 27 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▲ 0.00 (0.00%)
Agro Allianz / Mar 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 27 Allied Bank Limited(ABL)	62.50 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 27 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▲ 0.00 (0.00%)
Abson Ind. / Mar 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 27 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▲ 0.00 (0.00%)
Attock Cement / Mar 27 Attock Cement Pakistan Limited(ACPL)	56.07 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	4,011,170 ▲ 0.00
Telecard Limited / Mar 27 Telecard Limited(TELE)	3,877,000 ▲ 0.00
TPL Properties / Mar 27 TPL Properties Limited(TPLP)	1,839,174 ▲ 0.00
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	1,788,500 ▲ 0.00
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	1,517,500 ▲ 0.00
Ghani Glo Hol / Mar 27 Ghani Global Holdings Limited(GGL)	1,464,753 ▲ 0.00
TRG Pak Ltd / Mar 27 TRG Pakistan Limited(TRG)	1,323,297 ▲ 0.00
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	1,307,610 ▲ 0.00
Fauji Foods Ltd / Mar 27 Fauji Foods Limited(FFL)	1,204,138 ▲ 0.00
Hascol Petrol / Mar 27 Hascol Petroleum Limited(HASCOL)	1,161,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.73
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.22
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 24	3970.99
India Sensex / Mar 24	57527.10
Tokyo Nikkei / Mar 24	27385.25
Nasdaq / Mar 24	11823.96
Hang Seng / Mar 24	19915.68
FTSE 100 / Mar 24	7405.45
Dow Jones / Mar 24	32237.53
Germany DAX 30 / Mar 24	14957.23
France CAC40 / Mar 24	7015.10

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.26
Gold Spot USD/Ounce / Mar 24	1978.21
Cotton US¢/pound / Mar 24	76.54

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