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finance ministry

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

Finance ministry contests rating action by Moody’s

ISLAMABAD: The Finance Ministry on Thursday strongly contested the Moody’s rating action, which it said was carried...

Updated 07 Oct, 2022 09:56am

Ministry warns FBR: Poultry/dairy products at risk of global exclusion

ISLAMABAD: The Ministry of National Food Security has warned the Federal Board of Revenue (FBR) that the heavy...

Updated 06 Oct, 2022 10:01am

Business & Finance

Five zero-rated sectors’ concessional tariff issue to be resolved soon: MoC

ISLAMABAD: Ministry of Commerce (MoC) said on Monday that the issue of electricity supply to five zero rated sectors...

Updated 04 Oct, 2022 09:41am

Flood havoc: Economic outlook uncertain: MoF

ISLAMABAD: Already confronting inflationary and external sector pressures, Pakistan’s economy is under severe...

Updated 01 Oct, 2022 11:07am

PD seeks Rs93.43bn to settle GPPs’ payables

ISLAMABAD: Power Division has sought Rs 93.438 billion from Finance Ministry to settle payables to the...

Updated 28 Sep, 2022 10:06am

Power supply to 5 zero-rated sectors: MoF gets PM’s nod to revisit Cabinet decision

ISLAMABAD: The Finance Ministry has reportedly got Prime Minister’s nod to revisit Cabinet decision on supply of...

Updated 01 Sep, 2022 11:48am

Business & Finance

Economic outlook marred by uncertainties: MoF

ISLAMABAD: The Finance Ministry has said that Pakistan’s economic outlook is surrounded by global and domestic...

Published 26 Aug, 2022 05:35am

Foreign donor-assisted projects: MoF revises accounting procedure for revolving fund accounts

ISLAMABAD: The Ministry of Finance has revised accounting procedure for revolving fund accounts (foreign aid...

Updated 11 Aug, 2022 09:42am

Petroleum prices: Finance hints at making changes, adjustments on weekly basis

ISLAMABAD: The Finance Ministry has hinted at making changes/adjustment in petroleum prices on a weekly basis ...

Updated 05 Aug, 2022 12:01pm

Briefing to NA panel: Govt paints pretty grim picture of power sector

Says power sector will sink the country’s economy

Updated 04 Aug, 2022 10:01am

Over Rs129bn PHL loans: MoF asks PD to engage lenders for rescheduling

ISLAMABAD: The Finance Ministry has advised the Power Division to engage lenders for rescheduling of Rs129.310...

Updated 03 Aug, 2022 10:03am

Subsidized power to export-oriented sectors: PD says it needs Rs77.9bn

ISLAMABAD: The Finance Ministry would be required to provide Rs77.9 billion to the Power Division if it wanted to...

Updated 02 Aug, 2022 09:39am

Petrol price cut by Rs3.05, diesel’s increased by Rs8.95

ISLAMABAD: The government Sunday night announced slashing the petrol price by Rs3.05 per litre, and increased the...

Updated 01 Aug, 2022 09:21am

Pakistan

MPMG scheme put on hold

ISLAMABAD: Finance Ministry said on Tuesday that the government of Pakistan’s low-cost housing finance scheme,...

Published 20 Jul, 2022 07:26am

Federal secretariat, ICT field administration ‘Executive allowance’ granted to BS 17-22 officers

ISLAMABAD: The federal government has granted executive allowance to BS 17-22 officers working in the federal...

Updated 20 Jul, 2022 11:12am

Markets

Coal-fired Jamshoro power plant: MoF to issue LoC for Rs10bn loan pact with Faysal Bank

ISLAMABAD: The Finance Ministry is to issue Letter of Comfort (LoC) for signing of agreement with M/s Faysal Bank...

Published 15 Jul, 2022 06:20am

IMF program ‘on track’, insists Miftah

Says 'no truth' in reports that IMF program being postponed or delayed due to some anti-corruption law

Updated 05 Jul, 2022 09:55am

CPEC IPPs: MoF urges Power Div to address issue of excess profitability

ISLAMABAD: Finance Ministry has urged Power Division to address excess profitability by Independent Power Producers...

Updated 18 Jun, 2022 10:00am

Editorials

Taxing foreign lenders

EDITORIAL: Interestingly, the Federal Board of Revenue (FBR) seems to have quite an appetite for novelties; just not...

Published 18 Jun, 2022 06:00am

Issuance of PIBs, Sukuks: MoF asks PD to coordinate with its Debt Wing

ISLAMABAD: The Finance Ministry has asked the Power Division to coordinate with its Debt Wing for issuance of PIBs...

Updated 17 Jun, 2022 10:01am

Pakistan

Federal govt servants: PM approves higher timescale policy

ISLAMABAD: Prime Minister Shehbaz Sharif has approved grant of higher timescale from BPS-1 to BPS-16 to all civil...

Published 07 Jun, 2022 05:47am

Pakistan

Tobacco crops: ECC approves hike in cess rates

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved an increase in cess rates as a...

Updated 05 Jun, 2022 11:42am

Power supply to export-oriented sectors till 30th: Finance Ministry puts MoC on the defensive

ISLAMABAD: Finance Ministry has reportedly put Commerce Ministry on the defensive on its proposal for extension in...

Updated 02 Jun, 2022 09:55am

Ministries, SOEs told to deposit BESOS balance in FCF

ISLAMABAD: The Finance Ministry has directed concerned ministries/State Owned Entities (SOEs) to deposit balance...

Updated 26 May, 2022 09:52am

Editorials

An MPS amid growing economic distress

EDITORIAL: The Monetary Policy Committee (MPC) met on 23 May as earlier scheduled under the chairmanship of Acting...

Published 25 May, 2022 04:40am

Markets

OMCs, refineries: PDCs seen at Rs63.12bn for May 16-31 on global oil prices

ISLAMABAD: Based on current international prices, the price differential claims for Oil Marketing...

Published 24 May, 2022 05:35am

Business & Finance

External Finance Wing authorised to deal with sustainable financing

ISLAMABAD: The Finance Ministry has authorized the External Finance (Policy) Wing to deal with the sustainable...

Published 20 May, 2022 06:46am

Ministries, divisions asked to surrender anticipated savings

ISLAMABAD: The Finance Ministry has asked all ministries/ divisions to surrender the anticipated savings on a...

Updated 15 May, 2022 08:27am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 10 786 Investments Limited(786)	5.74 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 10 Al-Abbas Sugar Mills Limited(AABS)	526 ▼ 0.00 (0.00%)
Agro Allianz / Dec 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 10 Allied Bank Limited(ABL)	90.51 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 10 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▼ 0.00 (0.00%)
Abson Ind. / Dec 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 10 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▼ 0.00 (0.00%)
Attock Cement / Dec 10 Attock Cement Pakistan Limited(ACPL)	105.15 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 10 786 Investments Limited(786)	5.74 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 10 Al-Abbas Sugar Mills Limited(AABS)	526 ▲ 0.00 (0.00%)
Agro Allianz / Dec 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 10 Allied Bank Limited(ABL)	90.51 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 10 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▲ 0.00 (0.00%)
Abson Ind. / Dec 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 10 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▲ 0.00 (0.00%)
Attock Cement / Dec 10 Attock Cement Pakistan Limited(ACPL)	105.15 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Dec 10 K-Electric Limited(KEL)	342,535,258 ▲ 0.00
WorldCall Telecom / Dec 10 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.00
P.T.C.L. / Dec 10 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.00
Kohinoor Spining / Dec 10 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.00
Fauji Foods Ltd / Dec 10 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.00
Cnergyico PK / Dec 10 Cnergyico PK Limited(CNERGY)	46,684,647 ▲ 0.00
B.O.Punjab / Dec 10 The Bank of Punjab(BOP)	32,876,325 ▲ 0.00
Pak Elektron / Dec 10 Pak Elektron Limited(PAEL)	29,819,540 ▲ 0.00
Hascol Petrol / Dec 10 Hascol Petroleum Limited(HASCOL)	27,935,500 ▲ 0.00
Pak Int.Bulk / Dec 10 Pakistan International Bulk Terminal(PIBTL)	25,443,500 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	144.95
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.25
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
India Sensex / Dec 8	69825.60
Tokyo Nikkei / Dec 8	32307.86
Nasdaq / Dec 8	14403.97
Hang Seng / Dec 8	16334.37
FTSE 100 / Dec 8	7554.47
Dow Jones / Dec 8	36247.87
Germany DAX 30 / Dec 8	16759.22
France CAC40 / Dec 8	7526.55

Item	Value
Crude Oil USD/Barrel / Dec 8	71.23
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Gold Spot USD/Ounce / Dec 8	2004.67
Cotton US¢/pound / Dec 8	81.44

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