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finance ministry

MoF not ready to release funds: Ministry unable to pay off over Rs50bn PPOD liabilities

ISLAMABAD: The Ministry of Communication is reportedly in a very awkward position with respect to the payment of...

Updated 10 Apr, 2022 10:14am

UAE defers $2bn debt payment on govt’s request

ISLAMABAD: The United Arab Emirates (UAE) deferred on Tuesday $2 billion debt payment that Pakistan was bound to...

Updated 06 Apr, 2022 03:46pm

Finance ministry releases report: Intensity of risks may hit domestic economic activities

ISLAMABAD: The exports from the country during the month of March 2022 are expected to continue their upward trend,...

Updated 30 Mar, 2022 10:10am

Financial crunch: MoF refuses subsidy on phosphatic, potash fertilizers

ISLAMABAD: Finance Ministry has refused to increase subsidy on phosphatic and potash fertilizers due to serious...

Updated 28 Mar, 2022 04:10pm

Opinion

PARTLY FACETIOUS: The likely clean bowled dismissals

“So who is likely to be looking for a new job?” “You referring to the impending vote of no confidence? As The...

Published 19 Mar, 2022 04:42am

Fuel impact, subsidy on electricity tariff: PM’s package to need Rs136bn in four months

Electricity package has been worked out on the assumption that coal prices would remain at $232/MT during the remaining four months of the outgoing fiscal year

Updated 13 Mar, 2022 02:12pm

Pakistan

‘Very fragile BoP’: clarification by Finance Ministry

ISLAMABAD: This is apropos a Business Recorder op-ed “Very fragile BoP”, carried by the newspaper on Tuesday, ...

Updated 02 Mar, 2022 09:19pm

BPS 1 to 19 employees: MoF grants 15pc disparity reduction allowance

ISLAMABAD: The Finance Ministry has granted 15 percent disparity reduction allowance to the federal government...

Updated 24 Feb, 2022 09:59am

MoF and SBP oppose move: Senate panel approves Banking Cos (Amend) Bill

In the bill, it was proposed to impose one-million-rupee fine and one year punishment for refusal to provide banking facilities to consumers on the ground of politically-exposed person (PEP)

Updated 19 Feb, 2022 01:55pm

Markets

PACE-II loan: WB not satisfied with prior actions

ISLAMABAD: The World Bank is reportedly not satisfied with progress on prior actions assigned to Government of...

Published 04 Feb, 2022 04:43am

IT minister opposes ban on crypto-currency

ISLAMABAD: Federal Minister for Information Technology and Telecommunication Aminul Haque on Wednesday opposed the...

Updated 03 Feb, 2022 09:24am

Finance identifies major risks to economy

ISLAMABAD: With fiscal deficit of Rs951 billion for the first five months of the current fiscal year (July-November...

Updated 28 Jan, 2022 09:36am

Govt to consider giving secretaries ‘market salaries’

ISLAMABAD: The Finance Ministry’s Pay and Pension Commission is to consider recommendations of Secretaries...

Updated 27 Jan, 2022 09:59am

Pakistan

Finance ministry looks to pacify concerns over mini-budget, SBP bill

Muzzammil Aslam says Finance (Supplementary) Bill is a 'reform budget' that would capture the value-chain

Published 13 Jan, 2022 03:22pm

Finance urges IMF to delay 6th review meeting to end-January

ISLAMABAD: The Finance Division has officially requested the International Monetary Fund (IMF) to reschedule the...

Published 11 Jan, 2022 06:33am

Opinion

In defence of IMF

The International Monetary Fund’s (IMF’s) firmness on its prior conditions in relation to levy of taxes and...

Published 08 Jan, 2022 03:59am

Revised Circular Debt Management Plan: Additional financial cost surcharge for payment of markup proposed

ISLAMABAD: Rejecting the “unrealistic” financial assumptions used by the Power Division in preparation of ...

Updated 08 Jan, 2022 10:19am

MoC withdraws textile, apparel policy 2020-25?

Finance Ministry’s harsh conditions on new fiscal incentives have reportedly compelled Commerce Ministry to withdraw its Textile and Apparel Policy 2020-25

Updated 03 Jan, 2022 09:47am

Govt to import pulses to bridge supply-demand gap

ISLAMABAD: A meeting of the National Price Monitoring Committee was informed that the government would be importing...

Updated 02 Jan, 2022 09:51am

Tough decisions taken for sake of economic growth: MoF spokesperson

KARACHI: Muzammil Aslam, spokesperson Finance Ministry, said on Saturday that the government has taken some tough...

Updated 02 Jan, 2022 09:52am

‘Covid-19 Fund’ being established

ISLAMABAD: The Finance Ministry said that the federal government has decided to establish a Special Purpose Fund...

Updated 24 Dec, 2021 10:12am

Editorials

The cabinet briefing

EDITORIAL: Fawad Chaudhary, the Federal Minister for Information and Broadcasting, in his first interaction after ...

Published 23 Dec, 2021 04:23am

Punjab facing ‘fiscal challenges’, federal govt told

ISLAMABAD: The Government of Punjab has urged the Federal Government to clear its longstanding dues including Net...

Updated 22 Dec, 2021 09:58am

Business & Finance

Monthly ‘Economic Update and Outlook’: Economic recovery confronted with inflation, external pressure: MoF

ISLAMABAD: The Finance Ministry stated Monday that Pakistan’s economic recovery is confronted with inflation and...

Published 30 Nov, 2021 05:23am

Pakistan

Major chunk of Rs821bn recovery handed over to ‘quarters concerned’: NAB

LAHORE: A few days after the federal Finance ministry expressed its complete ignorance about the whereabouts of Rs...

Published 11 Nov, 2021 05:20am

MoF update, outlook: Jul-Aug fiscal deficit stands at 0.9pc of GDP

ISLAMABAD: The fiscal deficit during the first two months of the current fiscal year (Jul-Aug 2022) was recorded at...

Updated 29 Oct, 2021 01:55pm

Business & Finance

Negotiations underway with IMF, says finance ministry

Statement will be issued after talks are completed, says spokesperson

Published 23 Oct, 2021 01:42pm

Editorials

Gainers
Losers
Leaders

Stock	Price
Tri-Star Mutual / Feb 9 Tri-Star Mutual Fund Limited(TSMF)	4.85 ▲ 0.85 (21.25%)
Universal Ins. / Feb 9 The Universal Insurance Company Limited(UVIC)	3.99 ▲ 0.68 (20.54%)
MetaTech. / Feb 9 MetaTech Health Limited(META)	8.20 ▲ 0.93 (12.79%)
Habib Metro Mod / Feb 9 Habib Metro Mod(HMM)	4.50 ▲ 0.50 (12.50%)
Waves Home Appliances / Feb 9 Waves Home Appliances Limited(WHALE)	6.91 ▲ 0.75 (12.18%)
Jubilee Spinning / Feb 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.95 ▲ 0.29 (10.90%)
Data Textile / Feb 9 Data Textiles Limited(DATM)	5.60 ▲ 0.54 (10.67%)
Shabbir Tiles / Feb 9 Shabbir Tiles & Ceramics Limited(STCL)	9.10 ▲ 0.87 (10.57%)
Pervez Ahmed Co / Feb 9 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.78 ▲ 0.07 (9.86%)
United Insurance / Feb 9 The United Insurance Company(UNIC)	8.38 ▲ 0.71 (9.26%)

Stock	Price
Shaheen Ins. / Feb 9 Shaheen Insurance Company Limited(SHNI)	3.05 ▲ -0.25 (-7.58%)
Suraj Cotton / Feb 9 Suraj Cotton Mills Limited(SURC)	141.39 ▲ -11.46 (-7.50%)
Dawood Lawrencepur / Feb 9 Dawood Lawrencepur Limited(DLL)	199 ▲ -15.50 (-7.23%)
Nazir Cotton Mills / Feb 9 Nazir Cotton Mills Limited(NCML)	3.72 ▲ -0.28 (-7.00%)
Punjab Oil / Feb 9 Punjab Oil Mills Limited(POML)	111.02 ▲ -8.11 (-6.81%)
Kohinoor Power / Feb 9 Kohinoor Power Company Limited(KOHP)	4.21 ▲ -0.30 (-6.65%)
The Thal Ind.Corp. / Feb 9 The Thal Industries Corporation Limited(TICL)	250.10 ▲ -17.23 (-6.45%)
JS Investments / Feb 9 JS Investments Limited(JSIL)	18.25 ▲ -1.20 (-6.17%)
AL-Noor Sugar / Feb 9 Al-Noor Sugar Mills Limited(ALNRS)	50.75 ▲ -3.05 (-5.67%)
S.G.Power / Feb 9 S.G. Power Limited(SGPL)	6.49 ▲ -0.39 (-5.67%)

Stock	Volume
WorldCall Telecom / Feb 9 Worldcall Telecom Limited(WTL)	64,461,125 ▼ 0.02
Hascol Petrol / Feb 9 Hascol Petroleum Limited(HASCOL)	25,109,500 ▼ 0.32
Oil & Gas Dev. / Feb 9 Oil & Gas Development Company Limited(OGDC)	22,259,031 ▼ 7.38
K-Electric Ltd. / Feb 9 K-Electric Limited(KEL)	17,692,270 ▼ 0.08
Maple Leaf Cement / Feb 9 Maple Leaf Cement Factory Limited(MLCF)	16,041,238 ▼ 0.97
Pak Petroleum / Feb 9 Pakistan Petroleum Limited(PPL)	16,004,058 ▼ 4.65
Lotte Chemical / Feb 9 Lotte Chemical Pakistan Limited(LOTCHEM)	13,157,316 ▼ 0.30
Pak Refinery / Feb 9 Pakistan Refinery Limited(PRL)	11,204,542 ▼ 0.40
Ghani Glo Hol / Feb 9 Ghani Global Holdings Limited(GGL)	10,987,823 ▲ -0.09
D.G.K.Cement / Feb 9 D.G. Khan Cement Company Limited(DGKC)	10,837,831 ▼ 1.76

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 9	272.50
USD PKR Interbank Buying / Feb 9	270.50
USD to Japanese Yen / Feb 9	131.36
USD to Swiss Franc / Feb 9	0.92
Pound Sterling to USD / Feb 9	1.21
Euro to USD / Feb 9	1.07
UK LIBOR % / Feb 8	4.55

Stock	Volume
S&P 500 / Feb 8	4117.86
Nasdaq / Feb 8	11910.52
Dow Jones / Feb 8	33949.01
India Sensex / Feb 9	60806.22
Tokyo Nikkei / Feb 9	27584.35
Hang Seng / Feb 9	21356.79
FTSE 100 / Feb 9	7930.07
Germany DAX 30 / Feb 9	15578.71
France CAC40 / Feb 9	7196.72

Item	Value
Karachi Cotton PKR/37.32 KG / Feb 8	22235
Gold 10 Grams PKR / Feb 8	169753
Crude Oil USD/Barrel / Feb 9	78.43
Gold Spot USD/Ounce / Feb 9	1879.32
Cotton US¢/pound / Feb 9	85.40

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