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finance ministry

SIFC making waves?

Special Facilitation Investment Committee (SIFC) was established by the Shehbaz Sharif-led government on 17 June...

Updated 20 Nov, 2023 07:08am

‘Winter package’ not allowed to see the light of day

Govt fails to secure nod for industry package from IMF, sources says

Updated 14 Nov, 2023 02:34pm

Projects: Centre facing resistance from provinces

Resistance faced on proposed plan to scrap 137 non-starter projects and transfer 49 projects with up to 20 percent progress to provinces

Updated 13 Nov, 2023 09:56am

Business & Finance

MoF to remain open on Iqbal Day for IMF talks

ISLAMABAD: Finance Ministry will be opened on November 09, 2023 - on Iqbal Day, declared a public holiday – due to...

Updated 08 Nov, 2023 09:55am

Govt appears confident ahead of SBA talks

Pakistan and IMF will begin crucial discussions on first review of US$3 billion Stand-by-Arrangement from Thursday

Updated 01 Nov, 2023 09:59am

Higher markup payments will continue to pose big challenges: MoF

ISLAMABAD: The higher markup payments, on the expenditure side, will continue to pose significant challenges for...

Updated 01 Nov, 2023 09:59am

MTBs and Ijara Sukuk Rules: Cabinet approves summary regarding amendment: MoF

ISLAMABAD: The Finance Ministry has said the caretaker federal cabinet has granted its approval to the summary...

Updated 31 Oct, 2023 09:33am

Business & Finance

MoF decides to hire fulltime member for CCP

ISLAMABAD: The Finance Ministry has decided to hire a member of the Competition Commission of Pakistan (CCP) –...

Published 31 Oct, 2023 05:26am

Pakistan

MoF informs Senate panel: MCC Multan seizes smuggled goods worth Rs3.918bn

ISLAMABAD: The Finance Ministry has informed the Senate Standing Committee on Finance that the Model Customs...

Published 27 Oct, 2023 05:16am

Editorials

Consolidated fiscal operations

EDITORIAL: The Finance Ministry uploaded a summary of the consolidated federal and provincial fiscal operations for...

Published 27 Oct, 2023 05:16am

Govt closes Q1 with budget deficit of 0.9pc of GDP

ISLAMABAD: The government has closed the first quarter of the current fiscal year (July-Sept 2023-24) with a budget...

Updated 26 Oct, 2023 09:02am

Hundreds of uplift projects face the axe

These also include non-starter projects

Updated 26 Oct, 2023 09:53am

MoF to share green bonds, debt swaps plan with SIFC today

ISLAMABAD: Finance Ministry is all set to share its plan on floating of international and domestic green bonds and...

Updated 24 Oct, 2023 09:37am

Pakistan

Foreign-funded tours, courses: Govt officials also drawing allowances, perks from exchequer

ISLAMABAD: Government officers in violation of rules are drawing daily allowance and other perks from the exchequer...

Published 18 Oct, 2023 06:09am

Govt allows name change of Summit Bank to Bank Makramah Ltd

ISLAMABAD: The Federal Cabinet has allowed the name change of Summit Bank to Bank Makramah Limited and voting rights...

Updated 14 Oct, 2023 05:32pm

50bps hike in policy rate adds Rs300bn to domestic debt: MoF

ISLAMABAD: The Finance Ministry has disclosed that 0.5 percent (50 basis points) increase in interest rate...

Updated 05 Oct, 2023 11:06am

Business & Finance

Issue of SPLC lands on MoF desk

ISLAMABAD: The issue of Saudi Pak Leasing Company Limited (SPLC) has reportedly landed at the desk of the Finance...

Published 05 Oct, 2023 06:23am

Uplift loans, advances: Govt fixes rate of mark-up

ISLAMABAD: The caretaker federal government has fixed rate of mark-up for chargeable on development loans and...

Updated 02 Oct, 2023 08:51am

Pakistan

Polio eradication: Umbrella PC-1 of $1784m project extended to 3 years

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) extended the duration of the umbrella...

Published 26 Sep, 2023 06:33am

Identifying new taxpayers: Shamshad seeks data of electricity users

ISLAMABAD: The caretaker Minister for Finance and Revenue, Dr Shamshad Akhtar, has sought updated data of...

Updated 25 Sep, 2023 09:31am

Banks and FIs: MoF to do away with direct credit lines

ISLAMABAD: The Finance Ministry has reportedly decided to do away with direct credit lines from banks/financial...

Updated 14 Sep, 2023 09:09am

Caretakers likely to ease the woes of power sector

The Power Division proposes implementation on 'old proposed measures with new words' to the caretaker government with the assertion that now failure is no option

Updated 11 Sep, 2023 10:00am

Move to promote Islamic mode of financing: MoF proposes draft amendments to MTBs, Ijara Sukuk rules

ISLAMABAD: The Finance Ministry has proposed draft amendments to Pakistan Market Treasury Bills and Ijara Sukuk...

Updated 09 Sep, 2023 09:28am

Economic update for August: Upward adjustment in energy tariffs, fuel price hike to strain inflationary pressures: MoF

ISLAMABAD: The Finance Ministry Wednesday said the upward adjustment in energy tariffs and further increase in fuel...

Updated 07 Sep, 2023 09:33am

Rising debt servicing emerges as hindrance: Projection of cut in C/A deficit subject to certain risks

ISLAMABAD: The government projection of a reduction in the current account deficit to US$ 3.7 billion is subject to...

Updated 01 Sep, 2023 09:11am

Editorials

The IMF conditions

EDITORIAL: The statement by the Resident Representative of the International Monetary Fund (IMF) in Islamabad on 23...

Published 28 Aug, 2023 06:27am

Govt required to keep SOEs under MoF oversight: IMF

KARACHI: The International Monetary Fund’s (IMF) representative in Pakistan on Wednesday said that the reform...

Updated 24 Aug, 2023 09:49am

Debt servicing hits record high of Rs5.831trn: FY23 closes with 7.7pc budget deficit

Business & Finance

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 30 786 Investments Limited(786)	5.60 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 30 Al-Abbas Sugar Mills Limited(AABS)	500 ▼ 0.00 (0.00%)
Agro Allianz / Nov 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 30 Allied Bank Limited(ABL)	85.05 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 30 Abbott Laboratories (Pakistan) Limited(ABOT)	472.33 ▼ 0.00 (0.00%)
Abson Ind. / Nov 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 30 Alfalah Consumer Index ETF.(ACIETF)	10.19 ▼ 0.00 (0.00%)
Attock Cement / Nov 30 Attock Cement Pakistan Limited(ACPL)	91.82 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 30 786 Investments Limited(786)	5.60 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 30 Al-Abbas Sugar Mills Limited(AABS)	500 ▲ 0.00 (0.00%)
Agro Allianz / Nov 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 30 Allied Bank Limited(ABL)	85.05 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 30 Abbott Laboratories (Pakistan) Limited(ABOT)	472.33 ▲ 0.00 (0.00%)
Abson Ind. / Nov 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 30 Alfalah Consumer Index ETF.(ACIETF)	10.19 ▲ 0.00 (0.00%)
Attock Cement / Nov 30 Attock Cement Pakistan Limited(ACPL)	91.82 ▲ 0.00 (0.00%)

Stock	Volume
B.O.Punjab / Nov 30 The Bank of Punjab(BOP)	50,052,966 ▲ 0.00
Cnergyico PK / Nov 30 Cnergyico PK Limited(CNERGY)	35,689,157 ▲ 0.00
Pak Refinery / Nov 30 Pakistan Refinery Limited(PRL)	35,409,231 ▲ 0.00
WorldCall Telecom / Nov 30 Worldcall Telecom Limited(WTL)	30,751,189 ▲ 0.00
Kohinoor Spining / Nov 30 Kohinoor Spinning Mills Limited(KOSM)	23,573,500 ▲ 0.00
The Searle Co. / Nov 30 The Searle Company Limited(SEARL)	21,694,598 ▲ 0.00
Dewan Cement / Nov 30 Dewan Cement Limited(DCL)	21,032,000 ▲ 0.00
Pak Elektron / Nov 30 Pak Elektron Limited(PAEL)	15,329,837 ▲ 0.00
TPL Properties / Nov 30 TPL Properties Limited(TPLP)	14,893,960 ▲ 0.00
Image Pakistan / Nov 30 Image Pakistan Limited(IMAGE)	14,707,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 29	285.52
USD PKR Interbank Buying / Nov 29	285.02
USD to Japanese Yen / Nov 29	147.23
USD to Swiss Franc / Nov 29	0.88
Pound Sterling to USD / Nov 29	1.27
Euro to USD / Nov 29	1.10
UK LIBOR % / Nov 28	5.46

Stock	Volume
S&P 500 / Nov 28	4554.89
Nasdaq / Nov 28	14281.76
Dow Jones / Nov 28	35416.98
India Sensex / Nov 29	66637.46
Tokyo Nikkei / Nov 29	33302.60
Hang Seng / Nov 29	16952.85
FTSE 100 / Nov 29	7431.46
Germany DAX 30 / Nov 29	16036.43
France CAC40 / Nov 29	7246.91

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 28	17735
Gold 10 Grams PKR / Nov 28	185614
Crude Oil USD/Barrel / Nov 29	76.48
Gold Spot USD/Ounce / Nov 29	2043.84
Cotton US¢/pound / Nov 29	79.36

Avari Hotels, Avari family target of alleged blackmail & vilification campaign

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