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finance ministry

Govt announces steps to correct fiscal imbalances

Ministers, advisers to forgo pays and perks
Cabinet members to pay utility bills out of their own pockets
Travel only in economy class and no stay in 5-star hotels

Updated 23 Feb, 2023 09:18am

Pakistan

NA session adjourned without mini-budget approval

Session now scheduled to take place on Monday at 5pm

Updated 17 Feb, 2023 09:50pm

Opinion

Budgetary outcome in 1HFY23

The information on fiscal operations from July to December 2022 of the federal and the provincial governments has...

Published 14 Feb, 2023 05:58am

First six months: Fiscal deficit swells to 2pc of GDP

ISLAMABAD: Fiscal deficit has been recorded at two per cent of the GDP or Rs1,683 billion during the first six ...

Updated 09 Feb, 2023 08:41am

Pakistan

Inflationary pressure expected to calm down gradually: Finance Division

In Monthly Economic Update & Outlook January 2023, it says global commodity prices showing downward trend which will lower domestic price levels

Updated 31 Jan, 2023 07:17pm

Getting Daharki Power shares: ECC allows FF $2.9m equity investment

ISLAMABAD: Economic Coordination Commit-tee (ECC) of the Cabinet has allowed Fauji Foundation (FF) equity investment...

Updated 31 Jan, 2023 08:59am

Crucial IMF talks begin today

ISLAMABAD: The International Monetary Fund (IMF) team arrived in Islamabad and formal talks on the 9th review of the...

Updated 31 Jan, 2023 09:06am

B2B barter trade mechanism: MoC empowered to impose conditions, curbs

ISLAMABAD: Commerce Ministry has been empowered to impose country or commodity specific conditions or restrictions...

Updated 28 Jan, 2023 08:45am

To be presented in first week of June: FY24 budget call circular issued to ministries, divisions

ISLAMABAD: The Finance Division has issued budget call circular to the ministries and divisions seeking their...

Updated 27 Jan, 2023 09:03am

Business & Finance

Dar, Qatari minister discuss avenues to enhance cooperation

ISLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar and Minister of Finance, State of...

Updated 25 Jan, 2023 08:55am

World Bank delays approval of $1.1bn loans for Pakistan

ISLAMABAD: The World Bank has delayed the approval of two loans for Pakistan worth $1.1 billion until the next...

Updated 19 Jan, 2023 12:24pm

Editorials

Know thy economy

EDITORIAL: The government of Pakistan’s comparative data revealed under the title “Know Your Economy” in the...

Published 16 Jan, 2023 06:38am

‘Wish list’ ready to be presented to UAE’s leadership

ISLAMABAD: The government has reportedly prepared its “wish list” to be presented to UAE’s top brass during the...

Updated 12 Jan, 2023 12:42pm

LCs: Large steel sector seeks govt’s help

ISLAMABAD: Pakistan Association of Large Steel Producers has urged the State Bank of Pakistan (SBP) and Minister for...

Updated 09 Jan, 2023 08:51am

Jul-Oct: Fiscal deficit rises 1.5pc of GDP to Rs1.266trn YoY

ISLAMABAD: Overall, the fiscal deficit has increased to 1.5 percent of GDP (Rs1,266 billion) during July-October...

Updated 31 Dec, 2022 08:50am

Pakistan

Inflation to maintain declining trend in December: Finance Division

In its Monthly Economic Update & Outlook, govt expects CPI-based inflation to remain in the range of 21-23%

Updated 30 Dec, 2022 08:01pm

Business & Finance

Ghana again extends domestic debt exchange registration deadline

ACCRA: Ghana has further extended the deadline to register for its domestic debt exchange to Jan. 16 in order to...

Published 25 Dec, 2022 12:57pm

Agri credit target raised to Rs1.8trn: Rs511bn Kissan Package notified

ISLAMABAD: The Ministry of National Food Security and Research (MNFS&R) has notified Rs 511 billion Kissan...

Updated 16 Dec, 2022 09:36am

Forex reserve levels attract PM’s attention

Prime Minister's Office seeks a report from Finance Ministry on pending foreign exchange approvals from State Bank of Pakistan

Updated 08 Dec, 2022 09:18am

Opinion

Inflation: the fault is in ourselves

Inflation has reached politically untenable levels in the ongoing year, considerably higher than the high rates...

Published 05 Dec, 2022 06:09am

Business & Finance

Gap between the haves and the have-nots creates distortions: FCCI

FAISALABAD: Dr. Khurram Tariq President Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the court...

Published 21 Nov, 2022 07:13am

Opinion

Economic framework yet to be finalized

Setting the bar unrealistically high or looking at filling the glass up to more than capacity by any administration...

Published 21 Nov, 2022 06:23am

OGDCL, PPL, GHPL: CDMP turned down by finance ministry

ISLAMABAD: Ministry of Finance (MoF) has reportedly turned down Circular Debt Management Plan (CDMP) of OGDCL, PPL...

Updated 18 Nov, 2022 09:29am

IPPs payment mode: MoF willing to pay GPPs Rs93.4bn

ISLAMABAD: Finance Ministry has shown a willingness to pay Rs 93.438 billion to Government-owned Power Plants (GPPs)...

Updated 17 Nov, 2022 09:22am

Q1 non-tax collection dips 16.29pc to Rs202.159bn YoY

ISLAMABAD: The federal non-tax collection has fallen by 16.29 percent to Rs202.159 billion during the first quarter...

Updated 09 Nov, 2022 09:34am

MoF Outlook: Challenges ahead as flood damages to impact whole economy

ISLAMABAD: Pakistan is faced with challenging economic environment subsequent to damages caused by the floods,...

Updated 31 Oct, 2022 10:22am

Zero-rated industries: MoF clueless about how to fund concessional power

Insiders claim government’s decision to provide electricity to five zero-rated sectors @ Rs 19.99/ kWh may become stumbling block in success of forthcoming ninth quarterly IMF review

Updated 25 Oct, 2022 11:34am

July non-tax revenue down 13pc to Rs40.822bn YoY

ISLAMABAD: A decline of around 13 percent has been recorded in non-tax revenue in the first month of the current...

Updated 12 Oct, 2022 09:38am

Staff, bigwigs and institutions: MoF urges PD to cut off supply of free electricity immediately

ISLAMABAD: The Finance Ministry has opposed provision of free electricity to employees, officers, dignitaries and...

Updated 09 Oct, 2022 09:55am

Business & Finance

Govt committed to place economy on path of sustainable growth: Ishaq Dar tells World Bank

Finance minister shares economic challenges being faced by Pakistan in the wake of the recent devastating floods

Published 08 Oct, 2022 07:21pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.64
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.07

Stock	Volume
S&P 500 / Apr 19	4967.23
India Sensex / Apr 19	73088.33
Tokyo Nikkei / Apr 19	37068.35
Nasdaq / Apr 19	15282.01
Hang Seng / Apr 19	16224.14
FTSE 100 / Apr 19	7895.85
Dow Jones / Apr 19	37986.40
Germany DAX 30 / Apr 19	17737.36

Item	Value
Crude Oil USD/Barrel / Apr 19	83.14
Karachi Cotton PKR/37.32 KG / Apr 19	21035
Gold 10 Grams PKR / Apr 19	214935
Gold Spot USD/Ounce / Apr 19	2391.93
Cotton US¢/pound / Apr 19	81.02
Petrol/Litre / Apr 20	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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