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Abdul Hafeez Shaikh

Tarin sworn in as finance minister

Published 18 Apr, 2021 03:09am

ISLAMABAD: Shaukat Tarin Saturday sworn in as Finance Minister in the oath-taking ceremony administered by President...

Cabinet to discuss economy, Covid-19 vaccine price today

Published 01 Apr, 2021 04:10am

ISLAMABAD: The Cabinet which is scheduled to meet on Thursday (April 1) with Prime Minister Imran Khan in the chair...

PML-N for putting names of Hafeez, Babar on ECL

Published 31 Mar, 2021 05:42am

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) has demanded that the names of recently fired cabinet members ...

Notification issued: Hammad Azhar appointed as Finance Minister

Published 30 Mar, 2021 11:55am

“In exercise of the powers conferred by clause (3) of Article 92 of the Constitution of the Islamic Republic of Pakistan, the President, on the advice of the Prime Minister, has been pleased to approve the removal of Dr. Abdul Hafeez Shaikh as Federal Minister, with immediate effect,” read the notification.

Incoming Finance Minister vows to protect against COVID shocks

Updated 30 Mar, 2021 12:00pm

“The world is witnessing supply chain disruptions and rise in food prices. We shall endeavor to protect our people from these shocks,” added Azhar.

Removal due to Senate election defeat: Bilawal

Published 30 Mar, 2021 05:45am

KARACHI: Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari on Monday said that removal of Abdul Hafeez...

ECC approves Rs1bn for ad drive to highlight govt initiatives

Published 27 Mar, 2021 05:41am

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) has approved Rs1 billion for launching an...

Hafeez stresses for speedy privatization process

Published 18 Mar, 2021 07:48pm

He also urged to observe the time lines and carry forward the whole process expeditiously.

ECNEC approves water, road, health infrastructure projects

Published 11 Mar, 2021 08:58pm

Establishment of 48 MW Jagran Hydropower Station (Phase-II) at District Neelum, AJK was also approved by ECNEC at (a 2nd revised cost) of Rs.11, 372.135 million.

ECC approves Ramadan package for Utility Stores

Published 10 Mar, 2021 11:58pm

In the meeting, it was decided that 19 essential items would be subsidized at the utility stores, under the Ramadan package.

Senate election: PTI lawmaker moves IHC to challenge Gilani’s victory

Updated 10 Mar, 2021 09:49am

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) legislator Ali Nawaz Awan on Tuesday moved Islamabad High Court (IHC) to...

Finance minister vows to promote agriculture sector

Published 08 Mar, 2021 07:51pm

The meeting also reviewed the progress on the directions of the Prime Minister to enhance agriculture credit for the farming sector.

PM wins trust vote, comes on very strong about opposition

Updated 07 Mar, 2021 10:34am

ISLAMABAD: Prime Minister Imran Khan on Saturday secured 178 votes from the 341-member National Assembly on a vote ...

PSX benchmark Index bleeds after ‘shocking’ upset at Senate Elections

Updated 04 Mar, 2021 10:35am

At 9:30 am, the index dropped by 1,073.15 points to 45,087.73 points amid political uncertainty.
The political tensions were further escalated after PTI announced that Prime Minister Imran Khan would seek a fresh vote of confidence from the National Assembly.

PM decides to seek fresh vote of confidence

Updated 04 Mar, 2021 09:39am

ISLAMABAD: The ruling Pakistan Tehreek-e-Insaf (PTI), on Wednesday, announced that Prime Minister Imran Khan would...

Sheikh Rasheed rules out any ‘surprise’ from Opposition in Senate election

Updated 03 Mar, 2021 01:50pm

“These people won’t pull off any surprise. Political death writ large on their faces,” the minister said.
It would have been better, if senators from Khyber Pakhtunkhwa and Balochistan had also been elected unopposed, said Rasheed.

Senate polls: Fawad confident PTI's Hafeez Shaikh to get over 180 votes

Published 03 Mar, 2021 10:42am

Minister says opposition’s joint candidate Yousuf Raza Gillani would secure 155 votes
ECP should take action over a leaked video involving Gilani's son purportedly buying votes: Fawad

Hafeez for early completion of remaining FATF action plan items

Published 01 Mar, 2021 08:32pm

The minister said that strict adherence to timelines would culminate into successful completion of the FATF Action Plan.

Govt committed to ensure provision of essential commodities at affordable prices: Hafeez Shaikh

Published 22 Feb, 2021 08:10pm

The committee reviewed the price trend of essential commodities especially wheat flour, sugar, vegetable ghee, chicken and eggs during the last week.

Pakistan-IMF agreement entails economic benefits for country: Finance Minister

Published 17 Feb, 2021 06:14pm

Sheikh expressed the confidence that PTI will emerge victorious in the Senate elections.

Agreement with IMF, a good development for Pakistan: Hafeez Shaikh

Published 16 Feb, 2021 08:29pm

The federal minister shared that Pakistan had reached a staff level agreement with the IMF.
Shaikh said that overcoming the challenges created by the Pandemic had required concerted effort.

FBR directed to expedite process of refunds

Published 11 Feb, 2021 08:39pm

The minister also accorded approval for the establishment of ‘Tax Policy Unit’ under the administrative control of the Finance Division.

Country's economy is on upward trajectory due to govt’s prudent policies: Minister

Published 06 Feb, 2021 06:23pm

He said the previous government of PML-N had left the fragile economy by taking huge foreign loans.

NA informed: ADB disburses $4,357m under various projects, programme loans

Updated 02 Feb, 2021 09:46am

ISLAMABAD: The National Assembly was informed on Monday that the Asian Development Bank (ADB) has disbursed $4,357...

Federal, provincial governments lauded for ensuring uninterrupted wheat supply

Published 25 Jan, 2021 09:34pm

The NPMC reviewed the price trend of essential commodities especially wheat, sugar and edible oil during the week.

Govt focusing on real sector economic growth: Hafeez

Published 25 Jan, 2021 07:11pm

State Bank of Pakistan had announced additional support of Rs190 billion for exporters and investors, he added.

ECNEC reconstituted

Published 19 Jan, 2021 04:22am

ISLAMABAD: The Prime Minister in Monday re-constituted the Executive Committee of the National Economic Council...

Finance Minister urges timely release of NGMS spectrum

Updated 14 Jan, 2021 11:26pm

The minister emphasized that the whole process of spectrum auction must be transparent for strengthening and expanding communications and IT Services across the country.

Double-digit LSM growth testament of PTI government efforts: Finance Minister

Published 13 Jan, 2021 08:31pm

The minister said that the LMS posted double-digit growth of 14.5% in November 2020 compared to November 2019.

Oil smuggling inflicting Rs150bn loss to economy annually: PM

Published 02 Jan, 2021 12:54am

He said the anti-smuggling measures would bring in revenue for the government to spend on the welfare of common man.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 30	277.31
USD PKR Interbank Buying / Sep 30	277.11
USD to Japanese Yen / Oct 1	158.32
USD to Swiss Franc / Oct 1	0.84
Pound Sterling to USD / Oct 1	1.32
Euro to USD / Oct 1	1.13
SOFR % / Sep 29	3.88

Stock	Volume
S&P 500 / Sep 30	7,651.54
Nasdaq / Sep 30	26,861.06
Hang Seng / Sep 30	24,613.27
Dow Jones / Sep 30	50,906.05
India Sensex / Oct 1	71,770.30
Tokyo Nikkei / Oct 1	68,956.72
FTSE 100 / Oct 1	10,413.82
Germany DAX 30 / Oct 1	24,851.64
France CAC40 / Oct 1	7,827.14

Item	Value
Petrol/Litre / Oct 1	387.40
Crude Oil USD/Barrel / Oct 1	92.53
Karachi Cotton PKR/37.32 KG / Oct 1	18,480
Gold 10 Grams PKR / Oct 1	376,059
Gold Spot USD/Ounce / Oct 1	4,162.20
Diesel/Litre / Oct 1	400.35
Cotton US¢/pound / Oct 1	78.41

Gainers
Losers
Leaders

Stock	Price
Dewan Motors / Oct 1 Dewan Farooque Motors Limited(DFML)	17.49 ▲ 1.59 (10%)
Ellcot Spinning / Oct 1 Ellcot Spinning Mills Limited(ELSM)	196.28 ▲ 17.84 (10%)
First Imrooz Mod. / Oct 1 First Imrooz Modaraba(FIMM)	286.94 ▲ 26.09 (10%)
Fazal Cloth / Oct 1 Fazal Cloth Mills Limited(FZCM)	280.46 ▲ 25.5 (10%)
Mandviwala / Oct 1 Mandviwala Mauser Plastic Industries(MWMP)	84.78 ▲ 7.71 (10%)
Popular Islamic / Oct 1 Popular Islamic Modaraba(PIM)	65.60 ▲ 5.96 (9.99%)
Arctic Textile / Oct 1 Arctic Textile Mills Limited(ARCTM)	57.29 ▲ 5.17 (9.92%)
D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	15.68 ▲ 1.41 (9.88%)
Lse Spac-I Ltd. / Oct 1 Lse Spac-I Limited(SPAC1)	22.36 ▲ 1.95 (9.55%)
Asim Textile / Oct 1 Asim Textile Mills Limited(ASTM)	124.56 ▲ 10.6 (9.3%)

Stock	Price
EFU Life Assr / Oct 1 EFU Life Assurance Limited(EFUL)	125 ▼ -39.01 (-23.79%)
Ashfaq Textile / Oct 1 Ashfaq Textile Mills Limited(ASHT)	45.51 ▼ -5.06 (-10.01%)
First Tri-Star Mod. / Oct 1 First Tri-Star Modaraba(FTSM)	44.03 ▼ -4.89 (-10%)
Pakistan Credit Rating Agency / Oct 1 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	43.67 ▼ -4.85 (-10%)
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	26.14 ▼ -2.9 (-9.99%)
East West Ins. / Oct 1 East West Insurance Company Limited(EWIC)	59.25 ▼ -6.37 (-9.71%)
Asia Ins. / Oct 1 Asia Insurance Company Limited(ASIC)	32.42 ▼ -3.43 (-9.57%)
Karam Ceramics / Oct 1 Karam Ceramics Limited(KCL)	156.18 ▼ -15.27 (-8.91%)
Power Cem(Pref) / Oct 1 Power Cement (Pref)(POWERPS)	29.62 ▼ -2.87 (-8.83%)
Apna Microfin. / Oct 1 Apna Microfinance Bank Limited(AMBL)	18.07 ▼ -1.73 (-8.74%)

Stock	Volume
Kohinoor Spinning / Oct 1 Kohinoor Spinning Mills Limited(KOSM)	93,751,754 ▲ 0.11
F. Nat.Equities / Oct 1 First National Equities Limited(FNEL)	38,616,570 ▲ 0.09
Cnergyico PK / Oct 1 Cnergyico PK Limited(CNERGY)	26,026,242 ▼ -0.14
Pak Int.Bulk / Oct 1 Pakistan International Bulk Terminal(PIBTL)	25,714,456 ▲ 0.03
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	22,551,198 ▼ -2.9
Tasdeeq Info. Serv. / Oct 1 Tasdeeq Information Services Limited(TISL)	19,722,398 ▲ 0
K-Electric Ltd. / Oct 1 K-Electric Limited(KEL)	17,323,432 ▼ -0.03
WorldCall Telecom / Oct 1 Worldcall Telecom Limited(WTL)	17,315,970 ▼ -0.01
D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	16,558,025 ▲ 1.41
Pak Refinery / Oct 1 Pakistan Refinery Limited(PRL)	16,113,756 ▼ -1.8

Abdul Hafeez Shaikh

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