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Dr. Abdul Hafeez Shaikh

IT (2nd Amend) Act 2021: Withdrawal of fiscal concessions to damage investor confidence: PBC

Published 20 Mar, 2021 04:39am

KARACHI: With reference to the draft Income Tax (Second Amendment) Act 2021, which is being extensively discussed in...

Hafeez describes it as ‘a good development’

Updated 17 Feb, 2021 09:32am

ISLAMABAD: Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh Tuesday said that the staff-level...

Almost Rs2 hike allowed in KE tariff

Published 02 Feb, 2021 04:29am

ISLAMABAD: The Federal Government has decided to increase tariff by Rs 1.95/ kWh for consumers of Karachi Electric...

Restructuring the tax system — II

Published 23 Jan, 2021 03:56am

The PTI Government showed lack of political will to reduce exemptions, concessions, waivers and immunities to the...

Privatization commission directed to accelerate implementation process of contracts

Published 05 Jan, 2021 12:10am

He directed the commission to present the plan in this respect before the Cabinet Committee on Privatization (CCoP) within a week to proceed further.

PM for continuity of steps to ensure reduction in prices of daily use items

Published 31 Dec, 2020 12:57am

The prime minister was apprised of the reduction in prices of sugar and flour, besides the positive effects of substantial price reduction of potato, onion and chicken.

Govt striving to provide relief to masses: Shibli

Published 17 Dec, 2020 07:16pm

“The economic situation was discussed in detail, despite the challenge of coronavirus, economic indicators are positive,”

Hafeez Shaikh lauds provinces for controlling prices, directs for action against hoarders

Published 07 Dec, 2020 03:26pm

He also briefed that the prices of 13 essential items have registered a decline whereas the price of 21 items has remained stable.

Hafeez chairs FBR Policy Board meeting, stresses for evaluating customs clearance time

Published 03 Dec, 2020 05:19pm

The adviser was chairing the fourth meeting of the FBR Policy Board held at the FBR Headquarters here, according to press statement issued by the Finance Ministry.

PTI incurred 48pc less external liabilities than PML-N: Hafeez

Published 14 Nov, 2020 08:44pm

The external debt serviced (principal + interest) stood at $16.7 billion in PML's period whereas it stood at $29.7 billion during the PTI's tenure of nine quarters under review.

PM approves increase in number of Ehsaas Kafaalat programme beneficiaries

Published 14 Nov, 2020 08:29pm

The decision was taken during a preparatory meeting chaired by the prime minister on Ehsaas Kafaalat programme, PM office media wing in a press release said.

NPCs to open up attractive investment opportunities: Hafeez Shaikh

Published 12 Nov, 2020 11:23pm

He emphasized the incumbent government under the leadership of Prime Minister Imran Khan was making effective efforts to resolve all the inherited economic woes of Pakistan.

Hafeez appreciates China for unwavering support in testing times

Published 05 Nov, 2020 11:25pm

He was talking to Chinese Ambassador to Pakistan, Nong Rong who called on him here, according to press statement issued by the Finance Ministry.

Hafeez Shaikh holds virtual meeting with IMF, WB

Published 22 Oct, 2020 11:48pm

The World Bank appreciated the reform agenda of the present Government and reiterated commitment to support Pakistan through IDA 2020, during COVID-19 crisis.

Hafeez Shaikh chairs FBR policy board meeting

Published 22 Oct, 2020 11:30pm

Adviser Finance directed that the Policy Board may also look into important issues that need special attention of the Government regarding tax collection and trade management.

Hafeez stresses for drastic measures to curb inflation

Updated 12 Oct, 2020 08:50pm

The Advisor also directed the Chief Secretaries to minimize price disparity by streamlining the release of wheat at regular intervals to avoid profiteering.

Hafeez Shaikh briefed on ERP software

Published 02 Oct, 2020 07:54pm

The Country Director briefed the Adviser Finance on the operations of the Company and how it is providing services in 180 countries of the world.

Govt to follow macroeconomic fundamentals for inclusive growth: Hafeez

Published 24 Sep, 2020 06:39pm

He also emphasized on active role of the coordination board for designing policies to address economic challenges like inflation, stagnant exports, resource mobilization etc.

Measures taken to ensure availability of wheat, flour throughout year: Hafeez Shaikh

Updated 17 Aug, 2020 08:39pm

He said the provincial authorities planned to procure another 300,000 tonnes of wheat from the PASSCO for which they were already in touch with the body.

Govt inherits huge financial crisis from previous regimes: Dr Hafeez

Published 08 Jul, 2020 11:22pm

The Pakistan Tehreek-e-Insaf (PTI) government had efficiently reduced the expenditures by adopting austerity measures, he said talking to a private news channel.

Executive Summary of the Economic Survey 2019-20

Updated 12 Jun, 2020 02:22am

The Pakistan Economic Survey 2019-20 consists of major economic indicators such as Growth and Investment, Agriculture, Manufacturing and Mining , Fiscal Development, Money and Credit , Capital Markets & Corporate Sector, Inflation, Trade and Payments , Pu

Coronavirs hits hard, brings GDP down to negative 0.38pc in FY2020: Hafeez

Published 11 Jun, 2020 05:48pm

The primary balance had witnessed a remarkable turnaround as it had posted a surplus of Rs. 193.5 billion during July-March FY2020 against a deficit of Rs. 463.3 billion last year.

Govt considering budget proposals of business community: Hafeez Shaikh

Published 08 Jun, 2020 05:37pm

He said that the government would continue to cooperate with the business community to boost businesses, generate employment opportunities and promote economic development in the country.

Gov’t to ensure targeted disbursement of agriculture package: Hafeez Shaikh

Published 08 Jun, 2020 05:31pm

The disbursement of the package directed to the farmers and crop growers remained a key objective of the government, said a press statement.

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BR30
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KSE30
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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

Dr. Abdul Hafeez Shaikh

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