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finance ministry

Load-shedding challenge: Rs329bn is needed: Power Division

Power Division seeks Rs 108 billion by May 25, 2022

Updated 30 Apr, 2022 10:27am

Release of uplift budget: PD&SI ministry revises strategy

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives has revised its strategy to release...

Updated 18 Apr, 2022 10:27am

Business & Finance

Staff shortage bars National Savings from facilitating pensioners

ISLAMABAD: Staff shortage and inadequate number of branches have made it impossible for the National Savings to...

Published 11 Apr, 2022 05:23am

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

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	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
Dow Jones / Apr 18	37775.38
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35
Hang Seng / Apr 19	16205.02
FTSE 100 / Apr 19	7834.89
Germany DAX 30 / Apr 19	17717.67

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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