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finance minister

Indian shares rise as auto, PSU banks gain

The blue-chip NSE Nifty 50 index rose 0.6% to 14,772 and the benchmark S&P BSE Sensex gained 0.9% to 49,821, by 0417 GMT.

Published 01 Apr, 2021 11:30am

Markets

Hungary to raise 2021 budget deficit target

"A decline in the deficit could send a message that we are returning to normality, so we don't let the debt level rise and we target a stable growth path," he said.

Published 31 Mar, 2021 02:18pm

BR Research

Economy and the art of self-cannibalization

“If you don't cannibalize yourself, someone else will”. Prime Minister Imran Khan may or may not have read that...

Published 31 Mar, 2021 07:25am

World

Slovak PM resigns over handling of pandemic

BRATISLAVA: Slovak Prime Minister Igor Matovic resigned on Tuesday following heavy criticism in the ex-communist...

Updated 31 Mar, 2021 10:15am

World

Slovak PM says he will resign to end political crisis

BRATISLAVA: Slovak Prime Minister Igor Matovic announced on Sunday that he intended to resign after coming under...

Published 31 Mar, 2021 05:42am

Pakistan

Removal of Hafeez: PPP for reviewing agreements with IMF

ISLAMABAD: The Pakistan People’s Party (PPP) has questioned the removal of Finance Minister Hafeez Sheikh from the...

Published 31 Mar, 2021 05:42am

Pakistan

Former finance minister Hafeez Shaikh contracts coronavirus

"Just found out that Dr Hafeez Shaikh has tested positive for Covid-19. I pray for his swift recovery and good health," recently appointed Finance Minister Hammad Azhar tweeted.

Published 30 Mar, 2021 02:17pm

Business & Finance

Notification issued: Hammad Azhar appointed as Finance Minister

“In exercise of the powers conferred by clause (3) of Article 92 of the Constitution of the Islamic Republic of Pakistan, the President, on the advice of the Prime Minister, has been pleased to approve the removal of Dr. Abdul Hafeez Shaikh as Federal Minister, with immediate effect,” read the notification.

Published 30 Mar, 2021 11:55am

Business & Finance

Incoming Finance Minister vows to protect against COVID shocks

“The world is witnessing supply chain disruptions and rise in food prices. We shall endeavor to protect our people from these shocks,” added Azhar.

Updated 30 Mar, 2021 12:00pm

Pakistan

Hammad Azhar to replace Hafeez Shaikh as finance minister

As per reports, Federal Minister of Industries and Production Hammad Azhar would be appointed as a replacement for Hafeez Shaikh.
The development comes weeks after PPP candidate Yusuf Raza Gilani defeated Hafeez Shaikh in the Islamabad general seat Senate elections.

Updated 29 Mar, 2021 09:35pm

Sell-off process of PSEs by PC: Hafeez incensed by ‘delaying tactics’

ISLAMABAD: Finance Minister, Dr Abdul Hafeez Shaikh has reportedly grilled Privatisation Commission (PC) for using...

Published 29 Mar, 2021 06:05am

Pakistan

Hafeez lauds ICAP’s services

ISLAMABAD: President Institute of Chartered Accountants (ICAP) Iftikhar Taj, Vice President Ashfaq Tola, Vice...

Updated 19 Mar, 2021 09:34am

Pakistan

Hafeez Sheikh to continue work as Finance Minister: Sheikh Rashid

He said money had played an important role in defeating Abdul Hafeez Sheikh in the recent Senate elections against Yousaf Raza Gillani.

Published 18 Mar, 2021 11:27pm

Business & Finance

French economy should recover quickly once COVID curbs ease: Le Maire

If first-quarter growth was maintained through 2021, annual economic growth would come in at 4%, it added.

Published 09 Mar, 2021 12:15pm

Pakistan

Finance minister vows to promote agriculture sector

The meeting also reviewed the progress on the directions of the Prime Minister to enhance agriculture credit for the farming sector.

Published 08 Mar, 2021 07:51pm

Hafeez meets PM

ISLAMABAD: The Prime Minister Imran Khan has asked Dr Abdul Hafeez Shaikh to continue working as finance minister....

Published 07 Mar, 2021 04:07am

Hafeez will cease to remain finance minister after June 11

ISLAMABAD: After the defeat in the Senate election, Finance Minister Dr Abdul Hafeez Shaikh would cease to remain...

Published 04 Mar, 2021 04:58am

Markets

India cuts basic import duty on edible oils

The government has proposed 17.5% cess on CPO and 20% cess on crude soybean and sunflower oil, she said.

Published 01 Feb, 2021 03:03pm

Markets

Rising virus deaths hit Indonesian shares; currencies dip

Taiwan's dollar extended its winning streak to a fourth consecutive session, strengthening more than 1% against the dollar.

Published 22 Jan, 2021 10:30am

Pakistan

Finance Minister urges timely release of NGMS spectrum

The minister emphasized that the whole process of spectrum auction must be transparent for strengthening and expanding communications and IT Services across the country.

Updated 14 Jan, 2021 11:26pm

World

Swiss tighten virus restrictions, stop short of full lockdown

Switzerland, which has so far taken a lighter touch to restricting business and public life, said it will close shops selling non-essential supplies from Monday.

Published 14 Jan, 2021 12:59am

Pakistan

Finance minister directs for continuing strict price monitoring

Hammad Azhar apprised NPMC that production of sugar was likely to increase this year due to improved sugarcane crushing activity.

Published 11 Jan, 2021 10:09pm

Pakistan

Hafeez asks provinces to monitor egg, vegetable prices

He directed the Secretary Commerce to call a meeting with representatives of the Provincial governments and Federal Board of Revenue (FBR) to take further steps in this regard.

Published 22 Dec, 2020 12:34am

Business & Finance

UK telecoms company Openreach to create 2,500 jobs

Work on connecting households and offices to faster and more reliable broadband will see supply chains create a further 2,800 jobs, it added.

Published 18 Dec, 2020 05:13pm

World

Merkel says her party doesn't want property tax to cover pandemic costs

Finance Minister Olaf Scholz, the Social Democrat chancellor candidate for next year's federal election, has backed calls to reintroduce a wealth tax in Germany to pay back public debt amassed during the pandemic.

Published 16 Dec, 2020 06:30pm

World

UK jobless rate rises again, redundancies hit record high

The number of redundancies reached a record high of 370,000 in the August-to-October period, although it decreased in October alone, the Office for National Statistics said.

Published 15 Dec, 2020 05:11pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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