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finance ministry

Rising world commodity prices, Covid variants: Finance ministry highlights downside risks to economic outlook

ISLAMABAD: The Finance Ministry has highlighted that there are some downside risks to the outlook of the economy...

Updated 29 Sep, 2021 10:00am

Chief Statistician’s post: Cabinet tells ministry to include MoF in selection panel

ISLAMABAD: The Federal Cabinet has directed the Ministry of Planning, Development and Special Initiatives to give...

Updated 05 Sep, 2021 10:53am

Editorials

Debt out of control?

EDITORIAL: Our external debt and liabilities have increased to 122 billion dollars July-June 2020-21 as per recent...

Published 02 Sep, 2021 04:21am

IMF, govt remain engaged

ISLAMABAD: The International Monetary Fund (IMF) and Pakistan remain engaged to conduct technical and data...

Updated 31 Aug, 2021 10:45am

Target missed, fiscal year budget deficit closes at 7.1%

ISLAMABAD: The government has missed the budget deficit target for the last fiscal year 2020-21 by one percent and...

Updated 27 Aug, 2021 01:23pm

Editorials

$50bn in exports by 2023?

EDITORIAL: People were still in the process of digesting this fiscal year’s rather ambitious export target of...

Published 18 Aug, 2021 04:00am

Ogra recommends hike in POL products' prices

The regulator has recommended a Rs2.50 per liter increase in price of High-Speed Diesel (HSD), Rs0.50 per liter increase in the price of petrol, and Rs1 per litre in the prices of Light Diesel Oil and Kerosene Oil

Updated 15 Aug, 2021 10:51am

Pakistan

SOEs: Tarin tells Finance Division to give updated analysis to Cabinet

ISLAMABAD: Federal Minister for Finance Shaukat Tarin Wednesday directed the Finance Division to present an updated...

Updated 12 Aug, 2021 11:40am

Govt upbeat about higher cotton yield

ISLAMABAD: The government is hopeful of higher cotton yield during the current fiscal year on the back of increase ...

Updated 01 Aug, 2021 12:22pm

PSDP funds utilisation strategy mapped out

Meeting informed that to expedite the pace of development work, the process of disbursement of funds has been simplified and streamlined
Flexibility has been created to maintain continuity of projects

Updated 31 Jul, 2021 12:04pm

Business & Finance

South Korea parliament approves 34.9 trln won extra budget

SEOUL: South Korea's parliament on Saturday approved a 34.9 trillion won ($30.31 billion) supplementary budget to...

Published 25 Jul, 2021 05:20am

Financial constraints: Ban on new cars, posts part of austerity measures: MoF

ISLAMABAD: The government has notified austerity measures, including complete ban on purchasing all types of new...

Updated 18 Jul, 2021 02:51pm

Pakistan

US withdrawal from Afghanistan: Panel for making monitoring mechanism strict for DPs

ISLAMABAD: A parliamentary panel on Wednesday called for making the visa process for the Afghan refugees returning ...

Published 08 Jul, 2021 04:22am

Editorials

The ever-increasing burden of debt

EDITORIAL: The Finance Ministry in the 22 June 2021 cabinet meeting noted that during fiscal year 2021-22 ...

Published 30 Jun, 2021 03:54am

Pakistan

Opposition's 535 cut motions rejected: NA approves 9 demands for grants worth Rs157.331bn

ISLAMABAD: The National Assembly on Monday approved nine demands for grants worth Rs157.331 billion and rejected 535...

Published 29 Jun, 2021 03:24am

ECC approves Rs300m allocation for three joint border markets in Balochistan

In the first phase, it was directed that two pilot projects at Gabd and Mond in Balochistan have to be executed

Updated 24 Jun, 2021 11:41am

Markets

New Oil Refining Policy 2021: Tarin calls for overcoming all hurdles

ISLAMABAD: Finance Minister Shaukat Tarin has directed the participants (government departments and refineries) to...

Published 23 Jun, 2021 04:26am

Economy to have sustainable, inclusive growth: MoF

ISLAMABAD: The government Friday said the economic growth of 3.94 percent for the outgoing fiscal year would bring...

Published 29 May, 2021 03:59am

IMF supportive of govt’s approach to food inflation?

ISLAMABAD: The government said on Thursday that the GDP growth target has been increased to five percent in the...

Published 28 May, 2021 04:08am

Business & Finance

India said to plan COVID-19 economic stimulus package: Bloomberg

The finance ministry is working on proposals to bolster the tourism, aviation and hospitality industries.

Published 25 May, 2021 12:15pm

Business & Finance

New rate of profit on National Saving Schemes

ISLAMABAD: The government has announced new rate of profit on National Saving Schemes with effect from May 10, 2021....

Published 19 May, 2021 06:00am

Jul-Mar period: Budget deficit widens to Rs1.652trn

ISLAMABAD: Pakistan’s budget deficit has widened to Rs1.652 trillion in the first three quarters of the current...

Updated 07 May, 2021 09:40am

Ministries, divisions: No expenditure sans available budget, PAOs warned

ISLAMABAD: The Finance Ministry has directed all the ministries and divisions to ensure that no expenditure...

Published 01 May, 2021 03:28am

Cabinet takes major step aimed at meeting FATF conditions

ISLAMABAD: The Federal Cabinet has reportedly approved draft rules/notifications of National Policy Statement on...

Published 01 May, 2021 03:28am

Jul-Feb period: Fiscal deficit stands at 3.5pc: MoF

ISLAMABAD: The Finance Ministry Tuesday said that despite higher mark-up payments and Covid-related expenditures, ...

Updated 28 Apr, 2021 09:29am

Business & Finance

Tarin decides to hold meetings with trade bodies after briefings from ministry

ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin said to have decided to hold meetings with the business ...

Updated 22 Apr, 2021 09:46am

Pakistan

Govt slashes petrol prices by Rs1.79 per liter

The price of high speed diesel has been reduced by Rs. 2.32 per liter, from Rs. 113.08 to Rs. 110.76.

Published 15 Apr, 2021 10:15pm

Markets

Romania rejects all bids at March 2036 bond tender

The finance ministry, which had planned to sell 200 million lei of the bonds received bids worth 412.6 million lei ($99.95 million) in total.
So far this year, Romania has sold roughly 18.8 billion lei and roughly 1.48 billion euros worth of domestic bonds, and has tapped foreign markets for 3.5 billion euros worth of 12- and 20-year eurobonds.

Published 12 Apr, 2021 08:36pm

Markets

Short-dated JGB yields fall after strong 5-year note auction

The 20-year JGB yield rose 0.5 basis point to 0.460%.

Published 08 Apr, 2021 12:10pm

Business & Finance

Over Rs455bn guarantees extended to PSEs in a year

ISLAMABAD: The government has extended over Rs455 billion guarantees to the public sector enterprises (PSEs) during...

Published 03 Apr, 2021 03:41am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jan 29 786 Investments Limited(786)	4.70 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jan 29 Al-Abbas Sugar Mills Limited(AABS)	377 ▼ 0.00 (0.00%)
Agro Allianz / Jan 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jan 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jan 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jan 29 Allied Bank Limited(ABL)	65 ▼ 0.00 (0.00%)
Abbott Lab. / Jan 29 Abbott Laboratories (Pakistan) Limited(ABOT)	348.44 ▼ 0.00 (0.00%)
Abson Ind. / Jan 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jan 29 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Jan 29 Attock Cement Pakistan Limited(ACPL)	55.56 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jan 29 786 Investments Limited(786)	4.70 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jan 29 Al-Abbas Sugar Mills Limited(AABS)	377 ▼ 0.00 (0.00%)
Agro Allianz / Jan 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jan 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jan 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jan 29 Allied Bank Limited(ABL)	65 ▼ 0.00 (0.00%)
Abbott Lab. / Jan 29 Abbott Laboratories (Pakistan) Limited(ABOT)	348.44 ▼ 0.00 (0.00%)
Abson Ind. / Jan 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jan 29 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Jan 29 Attock Cement Pakistan Limited(ACPL)	55.56 ▼ 0.00 (0.00%)

Stock	Volume
Pak Refinery / Jan 29 Pakistan Refinery Limited(PRL)	14,225,354 ▼ 0.00
Cnergyico PK / Jan 29 Cnergyico PK Limited(CNERGY)	13,167,971 ▼ 0.00
Fauji Foods Ltd / Jan 29 Fauji Foods Limited(FFL)	12,526,831 ▼ 0.00
WorldCall Telecom / Jan 29 Worldcall Telecom Limited(WTL)	9,891,019 ▼ 0.00
K-Electric Ltd. / Jan 29 K-Electric Limited(KEL)	9,686,092 ▼ 0.00
Hub Power Co. / Jan 29 The Hub Power Company Limited(HUBC)	8,819,700 ▼ 0.00
Habib Bank / Jan 29 Habib Bank Limited(HBL)	8,556,359 ▼ 0.00
Engro Polymer / Jan 29 Engro Polymer & Chemicals Limited(EPCL)	6,713,796 ▼ 0.00
Maple Leaf Cement / Jan 29 Maple Leaf Cement Factory Limited(MLCF)	5,509,833 ▼ 0.00
Lotte Chemical / Jan 29 Lotte Chemical Pakistan Limited(LOTCHEM)	5,393,473 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 27	265
USD PKR Interbank Buying / Jan 27	263
USD to Japanese Yen / Jan 27	129.88
USD to Swiss Franc / Jan 27	0.92
Pound Sterling to USD / Jan 27	1.24
Euro to USD / Jan 27	1.09
UK LIBOR % / Jan 27	4.31

Stock	Volume
S&P 500 / Jan 27	4070.56
India Sensex / Jan 27	59330.90
Tokyo Nikkei / Jan 27	27382.56
Nasdaq / Jan 27	11621.71
Hang Seng / Jan 27	22688.90
FTSE 100 / Jan 27	7765.15
Dow Jones / Jan 27	33978.08
Germany DAX 30 / Jan 27	15150.03
France CAC40 / Jan 27	7097.21

Item	Value
Crude Oil USD/Barrel / Jan 27	79.68
Karachi Cotton PKR/37.32 KG / Jan 27	20235
Gold 10 Grams PKR / Jan 27	173610
Gold Spot USD/Ounce / Jan 27	1928.04
Cotton US¢/pound / Jan 27	86.89

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