Trends - Finance Division - Business Recorder

Finance Division

Unutilised Stimulus Package amount: Rs352bn to be used on vaccine procurement

ECC meeting told that funds were allocated under the Economic Stimulus Package for the entire duration of the Covid-19 pandemic, irrespective of the financial year

Updated 29 Jul, 2021 09:12am

Refined sugar import: MoF asked to arrange Rs18bn

ECC approved the proposal with the modification that the Finance Division shall provide the amount required for the import of 200,000 metric tons of sugar through a supplementary grant or through some other financial arrangement

Updated 27 Jul, 2021 09:24am

Kamyab Jawan Program: Finance Division estimates Rs21bn budget

ISLAMABAD: The Finance Division has estimated budget requirement of over Rs21 billion for providing mark-up subsidy...

Published 20 Jul, 2021 04:48am

Business & Finance

Capital market reforms: Tarin directs formation of panel for CMAC ToRs

ISLAMABAD: Minister for Finance Shaukat Tarin Monday directed to form a coordination committee for smooth...

Updated 20 Jul, 2021 09:44am

Chinese envoy meets Tarin

ISLAMABAD: Ambassador of the Peoples Republic of China Nong Rong called on the Federal Minister for Finance and...

Updated 14 Jul, 2021 08:16am

Development projects, recurrent budget: Strategy for release of funds notified by MoF

ISLAMABAD: The Ministry of Finance (MoF), on Monday, notified the strategy for release of funds for development...

Updated 06 Jul, 2021 10:31am

Opinion

‘The ever-increasing burden of debt’

This is with reference to a Business Recorder editorial titled “The ever-increasing burden of debt” dated...

Published 01 Jul, 2021 04:09am

Pakistan

Tarin asks FBR, other depts to resolve Fata units’ problems

ISLAMABAD: Finance Minister Shaukat Tarin Thursday directed the chairman Federal Board of Revenue (FBR) and other...

Published 25 Jun, 2021 04:20am

Roosevelt Hotel: Govt for putting a cap on recurring liabilities

Wants Aviation Division to formulate viable future plan

Updated 24 Jun, 2021 11:43am

Govt takes major step towards promoting Islamic Banking

Cabinet approves ministry of finance's summary on issuance of Sukuks
Islamabad-Peshawar Motorway among others as well as major airports suggested for mortgage purposes

Updated 23 Jun, 2021 12:10pm

Covid-19 vaccine supplies: What has actually aggravated the situation?

ISLAMABAD: Ministry of Finance’s (MoF’s) reluctance to provide required foreign exchange for procurement of...

Published 20 Jun, 2021 03:39am

Markets

Ogra proposes raise in prices of petrol, HSD

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra), on Monday, recommended 3.8 percent increase in the price of...

Published 15 Jun, 2021 03:30am

Loan for NHP payment: Finance, Power Divisions avoiding taking lead

ISLAMABAD: Finance Division and Power Division are reportedly avoiding taking the lead in raising a loan of Rs 20-25...

Published 14 Jun, 2021 03:39am

WB proposes $200m credit facilities for housing sector

ISLAMABAD: The Country Director, World Bank (WB), Najy Benhassine in a meeting with the Federal Minister for Finance...

Published 03 Jun, 2021 04:13am

Pakistan

PPRA rules: Panel examines MoFA's compliance

ISLAMABAD: A parliamentary panel, on Monday, examined the compliance of the Ministry of Foreign Affairs (MoFA), in...

Published 01 Jun, 2021 04:59am

SBP extends prize bond encashment deadline

KARACHI: Following directives of the federal government, the State Bank of Pakistan (SBP) has extended the last date...

Published 01 Jun, 2021 04:59am

Vaccine procurement for June: $130m approved by ECC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved allocation of US$ 130 million (Rs20...

Published 01 Jun, 2021 04:59am

POL products’ prices stay unchanged

ISLAMABAD: The federal government has announced that it will keep the prices of petroleum products at the level of...

Published 01 Jun, 2021 04:59am

Business & Finance

Govt extends encashment date of prize bonds

The branch / region wise consolidated data of cited denomination prize bonds held by them on last date i.e. September 30, 2021 shall be shared latest by October 1, 2021.

Published 31 May, 2021 02:37pm

Razak says export base ‘much too narrow’

ISLAMABAD: Prime Minister’s Advisor on Commerce and Investment, Abdul Razak Dawood said on Friday that Finance...

Published 29 May, 2021 03:59am

Outstanding claims of oil cos: PD seeks Rs14.6bn TSG and $64.4m to make payment

ISLAMABAD: The Ministry of Energy (Petroleum Division) has sought Technical Supplementary Grant (TSG) of Rs 14.6...

Published 28 May, 2021 04:08am

Yusuf Khan made secretary finance

ISLAMABAD The government has replaced the secretary finance two weeks ahead of the presentation of the budget for ...

Published 28 May, 2021 04:08am

Rs48bn for Ehsaas-II approved

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs48 billion for the second phase...

Published 27 May, 2021 03:40am

Markets

April 2021: PD submits circular debt report to CCoE

ISLAMABAD: The Power Division has submitted the Circular Debt Report for the month of April 2021 to the Cabinet...

Published 26 May, 2021 03:45am

Pakistan

Proposals for Budget FY2021-22: Body comprises representatives of PBC, OICCI, FBR

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has constituted a Consultative Committee ...

Published 25 May, 2021 04:40am

FBR asked to pursue court cases: Finance Division fears financial liabilities

ISLAMABAD: The Finance Division has asked the Federal Board of Revenue (FBR) to vigorously pursue pending cases in...

Published 23 May, 2021 03:06am

Pakistan

PAC seeks AGP’s access to accounts of bank

ISLAMABAD: The Public Accounts Committee (PAC), on Thursday, sought support from the Finance Division to get access...

Published 21 May, 2021 05:04am

ECC meeting to take up 12-point agenda today

Business & Finance

Gainers
Losers
Leaders

Stock	Price
Sally Tex. / Jul 29 Sally Textile Mills Limited(SLYT)	5.39 ▲ 0.79 (17.17%)
Security Bank / Jul 29 Security Investment Bank Limited(SIBL)	7.35 ▲ 0.91 (14.13%)
Ist Paramount / Jul 29 First Paramount Modaraba(FPRM)	8.80 ▲ 1.00 (12.82%)
Tri-Star / Jul 29 Tri-Star Mutual Fund Limited(TSMF)	7.49 ▲ 0.81 (12.13%)
Dewan Farooque Motors / Jul 29 Dewan Farooque Motors Limited(DFML)	11.68 ▲ 1.00 (9.36%)
Ghazi Fab. / Jul 29 Ghazi Fabrics International Limited(GFIL)	13.60 ▲ 1.00 (7.94%)
Thal LTD / Jul 29 Thal Limited(THALL)	434.16 ▲ 30.28 (7.50%)
Thal Ind. / Jul 29 The Thal Industries Corporation Limited(TICL)	320.68 ▲ 22.37 (7.50%)
Arpak Int. / Jul 29 Arpak International Investments Ltd.(ARPAK)	87.09 ▲ 6.07 (7.49%)
First Tri-Star Mod. / Jul 29 First Tri-Star Modaraba(FTSM)	14.78 ▲ 1.03 (7.49%)

Stock	Price
Image Pakistan / Jul 29 Image Pakistan Limited(IMAGE)	27.91 ▲ -6.29 (-18.39%)
Trust Mod. / Jul 29 Trust Modaraba(TRSM)	2.72 ▲ -0.33 (-10.82%)
First Fid. Leas. / Jul 29 First Fidelity Leasing Modaraba(FFLM)	3.02 ▲ -0.28 (-8.48%)
Blessed Tex. / Jul 29 Blessed Textiles Limited(BTL)	475.45 ▲ -38.55 (-7.50%)
Gatron Ind. / Jul 29 Gatron (Industries) Limited(GATI)	520.78 ▲ -42.22 (-7.50%)
Pak Engg. / Jul 29 Pakistan Engineering Co Limited(PECO)	392.73 ▲ -31.84 (-7.50%)
Prosperity / Jul 29 Prosperity Weaving Mills Limited(PRWM)	46.38 ▲ -3.76 (-7.50%)
Khairpur / Jul 29 Khairpur Sugar Mills Limited(KPUS)	65.59 ▲ -5.31 (-7.49%)
Mehran Sugar / Jul 29 Mehran Sugar Mills Limited(MRNS)	53.58 ▲ -4.34 (-7.49%)
Dawood Equities / Jul 29 Dawood Equities Limited(DEL)	19.68 ▲ -1.59 (-7.48%)

Stock	Volume
Worldcall / Jul 29 Worldcall Telecom Limited(WTL)	49,369,000 ▼ 0.00
Byco Petroleum / Jul 29 Byco Petroleum Pakistan Limited(BYCO)	46,970,500 ▼ 0.00
Unity Foods / Jul 29 Unity Foods Limited(UNITY)	16,065,452 ▼ 0.00
Fauji Fert. Bin / Jul 29 Fauji Fertilizer Bin Qasim Limited(FFBL)	10,222,000 ▼ 0.00
Hum Network / Jul 29 Hum Network Limited(HUMNL)	10,015,500 ▼ 0.00
Aisha Steel / Jul 29 Aisha Steel Mills Limited(ASL)	9,649,500 ▼ 0.00
Silkbank / Jul 29 Silkbank Limited(SILK)	9,425,000 ▼ 0.00
Hascol Petroleum / Jul 29 Hascol Petroleum Limited(HASCOL)	9,171,860 ▼ 0.00
TPL Corp / Jul 29 TPL Corp Limited(TPL)	8,869,500 ▼ 0.00
P.T.C.L.A / Jul 29 Pakistan Telecommunication Company Ltd(PTC)	8,636,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 29	162.00
USD PKR Interbank Buying / Jul 29	161.90
USD to Japanese Yen / Jul 29	109.85
USD to Swiss Franc / Jul 29	0.91
Pound Sterling to USD / Jul 29	1.39
Euro to USD / Jul 29	1.18
UK LIBOR % / Jul 29	0.08

Stock	Volume
S&P 500 / Jul 29	4400.64
India Sensex / Jul 29	52443.71
Tokyo Nikkei / Jul 29	27725.72
Nasdaq / Jul 29	14762.59
Hang Seng / Jul 29	25473.88
FTSE 100 / Jul 29	7016.63
Dow Jones / Jul 29	34930.93
Germany DAX 30 / Jul 29	15570.36
France CAC40 / Jul 29	6609.31

Item	Value
Crude Oil / Jul 29	72.32
Karachi Cotton Assoc. / Jul 29	13080.00
Gold 10 Grams / Jul 29	94050.00
Gold Spot / Jul 29	1810.11
Cotton / Jul 29	90.52

Finance Division

Unutilised Stimulus Package amount: Rs352bn to be used on vaccine procurement

Refined sugar import: MoF asked to arrange Rs18bn

Kamyab Jawan Program: Finance Division estimates Rs21bn budget

Capital market reforms: Tarin directs formation of panel for CMAC ToRs

Chinese envoy meets Tarin

Development projects, recurrent budget: Strategy for release of funds notified by MoF

‘The ever-increasing burden of debt’

Tarin asks FBR, other depts to resolve Fata units’ problems

Roosevelt Hotel: Govt for putting a cap on recurring liabilities

Govt takes major step towards promoting Islamic Banking

Covid-19 vaccine supplies: What has actually aggravated the situation?

Ogra proposes raise in prices of petrol, HSD

Loan for NHP payment: Finance, Power Divisions avoiding taking lead

WB proposes $200m credit facilities for housing sector

PPRA rules: Panel examines MoFA's compliance

SBP extends prize bond encashment deadline

Vaccine procurement for June: $130m approved by ECC

POL products’ prices stay unchanged

Govt extends encashment date of prize bonds

Razak says export base ‘much too narrow’

Outstanding claims of oil cos: PD seeks Rs14.6bn TSG and $64.4m to make payment

Yusuf Khan made secretary finance

Rs48bn for Ehsaas-II approved

April 2021: PD submits circular debt report to CCoE

Proposals for Budget FY2021-22: Body comprises representatives of PBC, OICCI, FBR

FBR asked to pursue court cases: Finance Division fears financial liabilities

PAC seeks AGP’s access to accounts of bank

ECC meeting to take up 12-point agenda today

Rs4bn allocation against RLNG supply: ECC refuses to give relief to export sectors

Tarin briefed on ‘concept of performance agreement’

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