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finance ministry

The inflation challenge

EDITORIAL: Raising prices of POL products by 11 percent effective 15 October has staggered a populace already ...

Updated 21 Oct, 2021 09:47am

Govt blames global price rise, rupee depreciation for hikes

ISLAMABAD: The government said on Saturday that the continuous depreciation of rupee against the US dollar and...

Updated 17 Oct, 2021 12:44pm

Periodic review of SOEs' working: MoF suggests setting up of CMU in Finance Division

ISLAMABAD: The Finance Ministry has proposed that a Central Monitoring Unit (CMU) be established in the Finance...

Updated 10 Oct, 2021 12:12pm

Proposed SOEs' Bill: NA panel defers decision, asks MoF to furnish draft law

ISLAMABAD: A meeting of the National Assembly Standing Committee on Finance deferred approval of the proposed...

Updated 10 Oct, 2021 01:00am

PTI govt to launch its 'mega' socio-economic programme today

ISLAMABAD: The much awaited government's flagship "Kamyab Pakistan Programme" is finally being launched by the Prime...

Updated 04 Oct, 2021 09:35am

Business & Finance

Indonesia parliament commission, government agree on major tax changes

JAKARTA: The Indonesian parliament's finance commission and the government have reached an agreement on major tax...

Published 30 Sep, 2021 11:32am

Pakistan

It now seems sure Tarin will get Senate seat

ISLAMABAD: Prime Minister Imran Khan has assured Finance Minister Shaukat Tarin that he will be given a Senate seat...

Published 30 Sep, 2021 04:15am

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

New rate of profit on National Saving Schemes

Business & Finance

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 29	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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