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Finance Division

FD revises upward IBC for HEC

ISLAMABAD: The Finance Division has upward revised the Indicative Budget Ceilings (IBC) for the Higher Education...

Published 05 Jun, 2024 07:47am

AGPR, other offices: FD clarifies funds authorisation strategy

ISLAMABAD: The Finance Division has asked all the offices including the Auditor General of Pakistan Revenue (AGPR)...

Updated 05 Jun, 2024 09:36am

Business & Finance

IT exports: Changes in equity investment abroad policy okayed by ECC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved amendments in policy for equity...

Published 04 Jun, 2024 06:28am

Business & Finance

Aurangzeb, Korean envoy pledge to boost economic cooperation

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb had a meeting with the Korean...

Published 04 Jun, 2024 06:28am

Business & Finance

FD setting dollar value at Rs295: Traders likely to experience additional currency depreciation: PBF

LAHORE: The Pakistan Business Forum (PBF) has warned that the business community is likely to experience additional...

Published 03 Jun, 2024 06:30am

Govt slashes PSDP by Rs204bn

ISLAMABAD: The government has slashed the Public Sector Development Programme (PSDP) for the ongoing fiscal year by...

Updated 01 Jun, 2024 07:26pm

Monthly Economic Update and Outlook of EAW: Credit to private sector declines 39.7pc YoY

Finance Ministry states that expenditures remained under significant pressure due to rising mark-up payments

Updated 30 May, 2024 09:31am

Markets

Ministry of Finance expects inflation to fall further to 13.5-14.5% in May

Govt's commitment to curbing inflation through stringent administrative measures paints a promising picture for the inflation outlook

Updated 29 May, 2024 10:26pm

Govt decides to do away with subsidised gas for fertilizer industry

ISLAMABAD: The federal government has decided to do away with subsidised gas to the fertiliser industry for urea as...

Updated 26 May, 2024 09:09am

Business & Finance

Huawei team meets Aurangzeb

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb was called on by Huawei Pakistan’s...

Published 24 May, 2024 06:25am

Business & Finance

Increase in volume base: PSMCL suggests certain policy interventions

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb was called on by a delegation of...

Updated 24 May, 2024 08:48am

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 6	278.53
USD PKR Interbank Buying / Jun 6	278.33
USD to Japanese Yen / Jun 6	155.75
USD to Swiss Franc / Jun 6	0.89
Pound Sterling to USD / Jun 6	1.28
Euro to USD / Jun 6	1.09

Stock	Volume
S&P 500 / Jun 5	5354.03
Nasdaq / Jun 5	17187.05
FTSE 100 / Jun 5	8246.95
Dow Jones / Jun 5	38807.33
Germany DAX 30 / Jun 5	18575.94
France CAC40 / Jun 5	8006.57
India Sensex / Jun 6	75088.60
Tokyo Nikkei / Jun 6	38768.13

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 4	19935
Gold 10 Grams PKR / Jun 5	206276
Petrol/Litre / Jun 6	268.36
Crude Oil USD/Barrel / Jun 6	74.53
Gold Spot USD/Ounce / Jun 6	2369.35
Diesel/Litre / Jun 6	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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