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Finance Division

SOEs reforms, DMO, EAW: FD decides to hire experts

ISLAMABAD: The Finance Division has decided to hire a technical adviser on State-Owned Enterprises (SOEs) as well as...

Published 21 May, 2024 03:39am

Business & Finance

Improvements in economic landscape: Aurangzeb briefs Italian envoy

ISLAMABAD: Ambassador of Italy to Pakistan Marilina Armellin called on Minister for Finance and Revenue Senator...

Published 21 May, 2024 03:39am

Energy: Aurangzeb briefed about issues facing industrial sector

ISLAMABAD: The Federal Minister for Finance & Revenue, Senator Muhammad Aurangzeb, chaired a meeting at the...

Updated 16 May, 2024 09:27am

Finance Div earmarks Rs573.9m provisional IBCs for FY24-25

ISLAMABAD: Finance Division has reportedly earmarked Rs 573.915 million Provisional Indicative Budget Ceilings...

Updated 14 May, 2024 09:34am

Markets

Pakistan plans to issue green Sukuk bonds by December: Aurangzeb

Bonds will be utilised to finance sustainable development projects, finance minister says

Updated 10 May, 2024 10:56pm

Business & Finance

Macro-economic situation: Aurangzeb briefs World Bank official

ISLAMABAD: South Asia Regional Vice President (SARVP) of the World Bank Martin Raiser called on the Federal Minister...

Published 07 May, 2024 07:07am

International investors meet Aurangzeb

ISLAMABAD: A delegation of international investors called on Federal Minister for Finance and Revenue Senator...

Updated 07 May, 2024 09:10am

IPP payments, Gwadar power plant: MoFA asks PD to address Chinese concerns

ISLAMABAD: The Ministry of Foreign Affairs (MoFA) has asked Power Division to develop concrete measures to address...

Updated 03 May, 2024 09:33am

Petrol price slashed by Rs5.45, diesel’s by Rs8.42

ISLAMABAD: The federal government announced a significant reduction in petroleum product prices, up to Rs 8.74 per...

Updated 01 May, 2024 09:13am

Markets

Finance ministry sees headline inflation decelerating further to 18.5-19.5% in April

Expects further easing to 17.5-18.5% in May 2024

Updated 30 Apr, 2024 10:37pm

Cash Management, Treasury Single Account Rules, 2024 notified

ISLAMABAD: The federal government has notified Cash Management and Treasury Single Account Rules, 2024 that requires...

Updated 30 Apr, 2024 09:19am

Finance Div to hire SECP commissioner for three years

ISLAMABAD: Finance Division has decided to hire Securities and Exchange Commission of Pakistan (SECP) commissioner...

Updated 29 Apr, 2024 09:20am

Business & Finance

APM Terminals keen to enhance investment, operations in Pakistan

ISLAMABAD: The APM Terminals company sees great potential in the Pakistani market and shows keen interest to enhance...

Published 26 Apr, 2024 04:15am

SOE transformation: ADB sending mission to develop $400m project scope

ISLAMABAD: The Asian Development Bank (ADB) is dispatching a reconnaissance mission from 6-24 May 2024 to develop ...

Updated 21 Apr, 2024 09:17am

Pakistan

Prior to voluntary retirement: FD asks PAOs, officers to give 3-month notice

ISLAMABAD: The Finance Division has asked all the Principal Accounting Officers (PAOs), retiring officers and...

Published 18 Apr, 2024 03:24am

Accounts consolidation: Cabinet directs FD to collaborate with CGA

ISLAMABAD: The federal cabinet has directed the Finance Division to ensure, in coordination with the Controller...

Updated 07 Apr, 2024 03:56pm

Markets

Finance Division dismisses 'misleading' assertions on wheat procurement targets

The Finance Division dismissed media reports suggesting that the Economic Coordination Committee (ECC) has “delayed...

Updated 06 Apr, 2024 09:16pm

MoF says markup payments remain a challenge

Consolidation efforts on track as revenues witness increase of 63 percent, with 30 percent increase in FBR collection and 117 percent surge in non-tax revenues

Updated 06 Apr, 2024 05:09pm

KE, govt entities: FD shares details of disputed unpaid subsidy claims for mediation

ISLAMABAD: The Finance Division is said to have shared the details of disputed unpaid subsidy claims of over Rs66...

Updated 04 Apr, 2024 09:07am

Editorials

Lull at the Finance Division

EDITORIAL: The Federal Board of Revenue (FBR) is at present the most visibly active department operating under the...

Published 03 Apr, 2024 05:29am

Pakistan

Finance ministry sees inflation at 22.5-23.5% in March

Says inflation outlook at moderate level despite upward revision of petrol prices and influence of Ramzan

Updated 29 Mar, 2024 10:12pm

Pakistan

Christian employees: Advance salary, pension ordered

ISLAMABAD: The government has directed that arrangements should be made in advance to pay salaries and pension to ...

Published 25 Mar, 2024 05:47am

Pakistan

Govt considering incorporating agriculture, real estate into tax framework: Aurangzeb

Remarks come during finance minister's first visit to FBR, statement says govt looking at wholesale/retail, real estate, and agriculture sectors to broaden its tax base

Updated 13 Mar, 2024 09:43pm

‘Disallowing TA/DA’: LTO Lahore officials approach LHC

ISLAMABAD: The Inland Revenue Audit Officers/ Assistant Directors (Audit) of Large Taxpayer Office Lahore have...

Updated 13 Mar, 2024 08:51am

Sukuk, other Shariah-compliant financing modes: Govt wants more loans against its unencumbered assets

ISLAMABAD: The federal government has decided to issue domestic and international Sukuk and raise other...

Updated 07 Mar, 2024 09:47am

Editorials

Cabinet Committee on Privatisation directs Power Division to submit timelines for each of the issues hindering the process of privatisation of Nandipur Power Plant and Guddu Power Plant

Updated 29 Feb, 2024 09:36am

Austerity committee created

ISLAMABAD: The government has created an austerity committee to be headed by the caretaker finance minister with...

Updated 28 Feb, 2024 10:16am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 23	278.42
USD PKR Interbank Buying / May 23	278.22
USD to Japanese Yen / May 23	156.74
USD to Swiss Franc / May 23	0.91
Pound Sterling to USD / May 23	1.27
Euro to USD / May 23	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20
France CAC40 / May 22	8092.11
India Sensex / May 23	74667.86
Tokyo Nikkei / May 23	39034.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 22	19935
Gold 10 Grams PKR / May 22	212791
Petrol/Litre / May 23	273.10
Crude Oil USD/Barrel / May 23	76.94
Gold Spot USD/Ounce / May 23	2362.37
Diesel/Litre / May 23	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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