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Finance Division

PL, GST rates stay put: Massive increase in POL products' prices announced

ISLAMABAD: The federal government Saturday opted to increase the ex-refinery prices of all petroleum products but...

Published 17 Oct, 2021 04:36am

Rs1.39/unit hike in base tariff imminent

ISLAMABAD: Following understanding with International Monetary Fund (IMF), Power Division has prepared a summary for...

Updated 14 Oct, 2021 09:32am

Pakistan

FPCCI for injecting ‘more’ transparency into IMF talks

KARACHI: President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mian Nasser Hyatt Maggo and...

Published 14 Oct, 2021 04:14am

Pakistan

FTO barred from creating secret service fund for any purpose

ISLAMABAD: A parliamentary panel, on Tuesday, barred the Federal Tax Ombudsman (FTO) from creating a secret service...

Published 06 Oct, 2021 04:17am

POL products: PL rates kept unchanged, GST reduced

ISLAMABAD: The federal government has kept the rates of Petroleum Levy (PL) unchanged, however, reduced general ...

Updated 03 Oct, 2021 11:52am

Prize bonds encashment date extended

KARACHI: The State Bank of Pakistan (SBP) has announced extension in last date for encashment, conversion or...

Published 01 Oct, 2021 02:43am

NBP board: Sarwar made independent director

ISLAMABAD: The Federal Government has appointed Sarwar Iqbal as Independent Director of National Bank of Pakistan...

Published 30 Sep, 2021 02:36am

Financing under e-pass book system: Govt seeks amendments to loans law

ISLAMABAD: The government has proposed amendments to the Loans for Agriculture, Commercial and Industrial Purposes...

Updated 28 Sep, 2021 09:30am

Kids’ immunization: ECC approves Rs2.376bn TSG for vaccines

ISLAMABAD: A technical supplementary grant (TSG) of Rs2.376 billion has been approved by the Economic Coordination...

Updated 26 Sep, 2021 12:12pm

Dispute with Etisalat ‘Renowned evaluation companies to be hired’

ISLAMABAD: Federal Minister for Finance and Revenue, Shaukat Tarin, held a virtual meeting with Hatem Dowidar, Group...

Published 23 Sep, 2021 03:17am

Requirements of corporate governance rules: ECC grants exemption to 19 subsidiaries of PNSC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has granted exemption to 19 subsidiary companies...

Published 18 Sep, 2021 02:50am

GST on toll manufacturing: MoF, FBR and PRAs reach consensus

Federal Minister for Finance Shaukat Tarin presides over a meeting of National Tax Council

Updated 17 Sep, 2021 09:49am

VSS, GHS schemes for PMC employees approved by Cabinet

Islamabad: The Federal Cabinet has approved Voluntary Severance Scheme (VSS) and Compulsory Golden Handshake Scheme...

Updated 16 Sep, 2021 04:20pm

Massive hike in POL products’ prices

The new price of petrol is Rs123.30 per litre, while cost of supply of Pakistan State Oil (PSO) has increased to Rs95.41 litre

Updated 16 Sep, 2021 09:48am

Pakistan

Grants to merged districts of tribal areas: Senate panel expresses its dissatisfaction over briefing

ISLAMABAD: A Senate panel, on Tuesday, expressed dissatisfaction over the briefing by the Finance Division on what ...

Published 15 Sep, 2021 04:20am

ECC approves tender to import of wheat

Islamabad: A meeting of the Economic Coordination (ECC) of the cabinet has approved the tender for import of 120,000...

Updated 10 Sep, 2021 10:59am

Life & Style

Revival of film industry: Fawad presents proposals to Tarin

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin held a meeting with the Federal Minister for...

Published 10 Sep, 2021 04:41am

Chief Statistician’s post: Cabinet tells ministry to include MoF in selection panel

ISLAMABAD: The Federal Cabinet has directed the Ministry of Planning, Development and Special Initiatives to give...

Updated 05 Sep, 2021 10:53am

Pakistan

Media City building rent: PAC panel orders probe into Rs84.15m malfeasance

ISLAMABAD: The secretary, Ministry of Information and Broadcasting has been directed to conduct a viable inquiry ...

Published 02 Sep, 2021 04:21am

POL products’ prices reduced

ISLAMABAD: The government, on Tuesday, reduced petroleum products’ prices by up to Rs1.50 per litre with effect...

Published 01 Sep, 2021 04:26am

Development budget: Finance Division revises strategy for release of funds

ISLAMABAD: The Finance Division has revised the strategy for release of funds for development budget for the current...

Updated 31 Aug, 2021 10:50am

Pakistan

SGs, TSGs: Procedure for allocation of extra budget revised

ISLAMABAD: The procedure for allocation of additional budget through supplementary grants (SGs) and technical...

Published 31 Aug, 2021 04:03am

Govt to make amendments in PPP (Amendment) Act, 2021

ISLAMABAD: The government has decided to make amendments in the Public Private Partnership (Amendment) Act, 2021,...

Published 28 Aug, 2021 04:32am

Pakistan

Sialkot-Kharian: Motorway project worth Rs27bn comes under intense discussion

ISLAMABAD: The Board of Public-Private Partnership Authority (P3A) considered approval of the Public-Private...

Published 28 Aug, 2021 03:54am

Pakistan

Tarin seeks more investment in fertiliser sector

ISLAMABAD: Finance Minister Shaukat Tarin stated on Wednesday that the government is firmly committed to encourage...

Published 26 Aug, 2021 04:52am

Clarification

ISLAMABAD: “The Ministry of Planning, Development and Special Initiatives strongly rebuts the news item, titled...

Published 26 Aug, 2021 02:20am

Pakistan

Egyptian envoy calls on Tarin

ISLAMABAD: Tarek Mohamed Dahroug, Ambassador of the Arab Republic of Egypt called on the Federal Minister for ...

Published 25 Aug, 2021 04:43am

Functionality of SOEs: MoF describes suo motu actions as impediments

ISLAMABAD: The Ministry of Finance (MoF) has described the suo motu actions taken by National Accountability Bureau...

Updated 21 Aug, 2021 10:38am

Pakistan

Loan scheme: Rs82.6m interest-free loans approved for students

KARACHI: The Apex Committee for Student Loan Scheme having representation from State Bank of Pakistan, Finance...

Published 21 Aug, 2021 04:21am

Light diesel, kerosene oil prices raised

ISLAMABAD: The government Sunday announced increase in ex-depot rate of Light Speed Diesel by 1.3 percent and...

Updated 16 Aug, 2021 11:02am

Gainers
Losers
Leaders

Stock	Price
Crescent Star / Oct 18 Crescent Star Insurance Limited(CSIL)	2.75 ▲ 0.61 (28.50%)
Dost Steel / Oct 18 Dost Steels Limited(DSL)	4.22 ▲ 0.62 (17.22%)
Pak. P.V.C. / Oct 18 Pakistan PVC Limited(PPVC)	5.80 ▲ 0.49 (9.23%)
Dewan Sugar / Oct 18 Dewan Sugar Mills Limited(DWSM)	3.92 ▲ 0.31 (8.59%)
Landmark Sp. / Oct 18 Landmark Spinning Industries Limited(LMSM)	13.99 ▲ 0.99 (7.62%)
Pak Engg. / Oct 18 Pakistan Engineering Co Limited(PECO)	355.28 ▲ 24.78 (7.50%)
Arif Habib Corp. / Oct 18 Arif Habib Corporation Limited(AHCL)	38.16 ▲ 2.66 (7.49%)
Arshad Energy / Oct 18 Arshad Energy Limited(AEL)	23.27 ▲ 1.62 (7.48%)
First Prud Mod. / Oct 18 First Prudential Modaraba(PMI)	2.19 ▲ 0.15 (7.35%)
Habib Ins. / Oct 18 Habib Insurance Company Limited(HICL)	7.60 ▲ 0.52 (7.34%)

Stock	Price
Sazgar Engg. / Oct 18 Sazgar Engineering Works Limited(SAZEW)	124.49 ▲ -27.00 (-17.82%)
Mughal Iron / Oct 18 Mughal Iron & Steel Industries Limited(MUGHAL)	79.44 ▲ -16.99 (-17.62%)
Tri-Star Power / Oct 18 Tri-Star Power Limited(TSPL)	5.12 ▲ -0.87 (-14.52%)
Citi Pharma / Oct 18 Citi Pharma Limited(CPHL)	37.49 ▲ -5.82 (-13.44%)
Nishat (Ch) / Oct 18 Nishat Chunian Limited(NCL)	43.25 ▲ -5.26 (-10.84%)
SME Leasing Ltd. / Oct 18 SME Leasing Limited(SLL)	3.11 ▲ -0.37 (-10.63%)
At-Tahur Ltd. / Oct 18 At-Tahur Limited(PREMA)	25.65 ▲ -2.87 (-10.06%)
Next Capital / Oct 18 Next Capital Limited(NEXT)	11.00 ▲ -1.00 (-8.33%)
HBL Inv.Fund / Oct 18 HBL Investment Fund(HIFA)	2.85 ▲ -0.25 (-8.06%)
Suraj Cotton / Oct 18 Suraj Cotton Mills Limited(SURC)	229.90 ▲ -20.10 (-8.04%)

Stock	Volume
Hum Network / Oct 18 Hum Network Limited(HUMNL)	24,939,000 ▼ 0.00
Worldcall / Oct 18 Worldcall Telecom Limited(WTL)	20,730,000 ▼ 0.00
Hascol Petroleum / Oct 18 Hascol Petroleum Limited(HASCOL)	13,823,347 ▼ 0.00
Unity Foods / Oct 18 Unity Foods Limited(UNITY)	13,459,138 ▼ 0.00
Dost Steel / Oct 18 Dost Steels Limited(DSL)	9,868,000 ▼ 0.00
Service Fab. / Oct 18 Service Fabrics Limited(SERF)	8,789,000 ▼ 0.00
Bank of Punjab / Oct 18 The Bank of Punjab(BOP)	8,402,500 ▼ 0.00
Telecard Ltd. / Oct 18 Telecard Limited(TELE)	8,389,000 ▼ 0.00
Byco Petroleum / Oct 18 Byco Petroleum Pakistan Limited(BYCO)	7,257,000 ▼ 0.00
TRG Pakistan / Oct 18 TRG Pakistan Limited(TRG)	6,575,597 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 16	171.25
USD PKR Interbank Buying / Oct 16	171.15
USD to Japanese Yen / Oct 16	114.22
USD to Swiss Franc / Oct 16	0.92
Pound Sterling to USD / Oct 16	1.38
Euro to USD / Oct 16	1.16
UK LIBOR % / Oct 16	0.07

Stock	Volume
S&P 500 / Oct 16	4471.37
India Sensex / Oct 16	61305.95
Tokyo Nikkei / Oct 16	29068.63
Nasdaq / Oct 16	14897.34
Hang Seng / Oct 16	25330.96
FTSE 100 / Oct 16	7234.03
Dow Jones / Oct 16	35294.76
Germany DAX 30 / Oct 16	15587.36
France CAC40 / Oct 16	6727.52

Item	Value
Crude Oil / Oct 16	82.28
Karachi Cotton Assoc. / Oct 16	14280.00
Gold 10 Grams / Oct 16	98600.00
Gold Spot / Oct 16	1767.62
Cotton / Oct 16	107.33

Finance Division

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