News stories for Zaheer Abbasi

Zaheer Abbasi

Amendment to Ordinance sought: MoF for transfer of petroleum levy fixation power to Cabinet

ISLAMABAD: The Ministry of Finance has proposed an amendment to the Petroleum Products (Petroleum Levy) Ordinance,...

Updated 14 Jun, 2023 08:59am

MoS for reforms in pension bill

ISLAMABAD: Minister of State for Finance Dr Aisha Ghaus Pasha has stated that there is a need to reform the pension...

Updated 13 Jun, 2023 08:48am

Dar concedes preponderance of external debt

Finance Minister says govt would negotiate with bilateral countries for rescheduling of debt with the request to backload the principal amount and payment of servicing

Updated 11 Jun, 2023 12:22pm

PML(N)-led coalition govt struggles to strike a delicate balance between outright populism & fiscal discipline

Dar presents Rs14.5trn budget
Budget closely watched by IMF
3.5% economic growth target set
Fiscal deficit target set at 6.54% of GDP
Govt targets inflation at 21%
Total spending target of 14.46 trillion rupees set
Defence expenditure estimated at 1.8 trillion rupees
Targets total tax revenue of 9.2 trillion rupees
Targets total non-tax revenue of 3 trillion rupees
$30 billion export target set
No new tax on industrial sector

Published 10 Jun, 2023 05:00am

Dar defends 0.29pc growth rate

ISLAMABAD: While unveiling the Economic Survey 2022-23, a day before the budget, Finance Minister Ishaq Dar dwelt on...

Updated 09 Jun, 2023 08:57am

NEC apprised about the key challenges facing economy

ISLAMABAD: The National Economic Council (NEC) was informed that political instability, escalating security...

Updated 08 Jun, 2023 09:32am

Rs90bn allocated for parliamentarians under SDGs

ISLAMABAD: The government has allocated Rs90 billion for the parliamentarians under Sustainable Development Goal...

Updated 08 Jun, 2023 09:31am

Sustainable Development Achievement Goals Programme: ECC approves Rs27bn supplementary grants

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved over Rs 27 billion supplementary...

Updated 08 Jun, 2023 09:34am

Foreign loans, debt servicing: Repayment revised upward by MoEA

ISLAMABAD: The Ministry of Economic Affairs has revised upward by Rs402 billion repayment of short-term foreign loan...

Updated 07 Jun, 2023 08:55am

ECC approves over Rs33bn grants 3 days ahead of budget

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet has approved over Rs33 billion...

Updated 06 Jun, 2023 08:47am

Economic slide arrested, Dar tells businesses

Finance minister says political instability has been a major item for compounding loss to the economy

Updated 04 Jun, 2023 10:07pm

Tax relief measures to facilitate exporters: Dar

ISLAMABAD: Finance Minister Ishaq Dar Saturday assured the business community the federal budget (2023-24) would...

Updated 04 Jun, 2023 04:20pm

Expanding export base, mitigating global trade risks: SBP informs Senate panel of EXIM Bank’s main objective

Says it is aimed at mitigating risks in international trade

Updated 03 Jun, 2023 09:29am

Meeting on PSDP proposals‘Innovative’ projects must be given priority: PM

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Ministry of Planning and Development to give priority to...

Updated 03 Jun, 2023 09:37am

IMF procrastination: MoS Aisha says there is no ‘Plan-B’

Minister of State for Finance says agreement on 9th review was delayed because IMF is not ready to reduce external financing requirement to $3 billion

Updated 02 Jun, 2023 09:04am

Business & Finance

Importers overcharged: SBP completes probe against banks, Senate panel told

ISLAMABAD: The Senate Standing Committee on Finance was informed that the State Bank of Pakistan (SBP) has completed...

Published 01 Jun, 2023 03:34am

IMF bailout: govt still hopeful, optimistic

Minister of State for Finance Aisha Ghaus Pasha says the government is not thinking about anything without IMF programme

Updated 01 Jun, 2023 10:45am

ECNEC approves four projects worth Rs120bn

Finance minister says strategic plan in place for development of Islamic finance

Updated 30 May, 2023 09:18am

Gainers
Losers
Leaders

Stock	Price
Universal Ins. / Dec 4 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
SME Leasing Ltd / Dec 4 SME Leasing Limited(SLL)	2.12 ▲ 0.22 (11.58%)
Waves Home Appliances / Dec 4 Waves Home Appliances Limited(WHALE)	8.95 ▲ 0.92 (11.46%)
F. Nat.Equities / Dec 4 First National Equities Limited(FNEL)	5.80 ▲ 0.52 (9.85%)
Trust Sec.& Brok. / Dec 4 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
Jubilee Spinning / Dec 4 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.98 ▲ 0.58 (9.06%)
HBL Invest Fund / Dec 4 HBL Investment Fund(HIFA)	3.40 ▲ 0.28 (8.97%)
Dewan Sugar / Dec 4 Dewan Sugar Mills Limited(DWSM)	4.05 ▲ 0.32 (8.58%)
Next Capital / Dec 4 Next Capital Limited(NEXT)	6.74 ▲ 0.52 (8.36%)
Bank of Khyber / Dec 4 The Bank of Khyber(BOK)	12.25 ▲ 0.92 (8.12%)

Stock	Price
786 Invest Ltd / Dec 4 786 Investments Limited(786)	5.01 ▼ -0.84 (-14.36%)
Reliance Ins. / Dec 4 Reliance Insurance Company Limited(RICL)	8.57 ▼ -0.93 (-9.79%)
B. F. Mod. / Dec 4 B.F. Modaraba(BFMOD)	5 ▼ -0.50 (-9.09%)
MithchellsFruit / Dec 4 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Chakwal Spinning / Dec 4 Chakwal Spinning Mills Limited(CWSM)	2.02 ▼ -0.15 (-6.91%)
United Brands / Dec 4 United Brands Limited(UBDL)	16.38 ▼ -1.12 (-6.40%)
Ask.Gen.Insur. / Dec 4 Askari General Insurance Company Limited(AGIC)	17.21 ▼ -1.17 (-6.37%)
Quetta Textile / Dec 4 Quetta Textile Mills Limited(QUET)	8.20 ▼ -0.55 (-6.29%)
Clover Pakistan / Dec 4 Clover Pakistan Limited(CLOV)	22.31 ▼ -1.31 (-5.55%)
D.S. Ind. Ltd. / Dec 4 D.S. Industries Limited(DSIL)	2.85 ▼ -0.16 (-5.32%)

Stock	Volume
Maple Leaf Cement / Dec 4 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▲ 0.28
Pak Elektron / Dec 4 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.02
Fauji Fert Bin / Dec 4 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.29
Fauji Cement / Dec 4 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 0.94
Hum Network / Dec 4 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.07
WorldCall Telecom / Dec 4 Worldcall Telecom Limited(WTL)	18,430,076 ▲ 0.02
Oil & Gas Dev. / Dec 4 Oil & Gas Development Company Limited(OGDC)	14,939,213 ▲ 5.83
D.G.K.Cement / Dec 4 D.G. Khan Cement Company Limited(DGKC)	14,240,764 ▲ 0.58
Air Link Com. / Dec 4 Air Link Communication Limited(AIRLINK)	13,542,140 ▲ 2.35
Pak Refinery / Dec 4 Pakistan Refinery Limited(PRL)	13,309,110 ▲ 0.51

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 4	146.85
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 1	4594.63
Nasdaq / Dec 1	14305.03
FTSE 100 / Dec 1	7529.35
Dow Jones / Dec 1	36245.50
Germany DAX 30 / Dec 1	16397.52
France CAC40 / Dec 1	7346.15
India Sensex / Dec 4	68587.82
Tokyo Nikkei / Dec 4	33273.12
Hang Seng / Dec 4	16729.01

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Crude Oil USD/Barrel / Dec 4	78.30
Gold Spot USD/Ounce / Dec 4	2085.16
Cotton US¢/pound / Dec 4	79.44

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