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finance ministry

Govt will use resources optimally for economic revival, says PM Shehbaz

Premier says the federation will ensure consultations with the provinces and other stakeholders in all key decisions

Published 10 Jun, 2024 09:26pm

Categorisation of commercial SOEs: PM irked by delay in submission of summaries

Directs concerned secretaries to personally and proactively oversee the process to ensure submission of requisite recommendations/summaries to Cabinet Committee on State-Owned Enterprises

Updated 08 Jun, 2024 05:20pm

Jul-Mar period: Provinces’ spending jumps 23pc YoY

ISLAMABAD: The provinces’ development spending under the Public Sector Development Programme (PSDP) during the first...

Updated 07 Jun, 2024 09:43am

Power sector: MoF agrees to extend Rs1.094trn subsidy

ISLAMABAD: The Finance Ministry is said to have agreed to extend subsidy of Rs 1.094 trillion for the financial year...

Updated 30 May, 2024 08:39am

Monthly Economic Update and Outlook of EAW: Credit to private sector declines 39.7pc YoY

Finance Ministry states that expenditures remained under significant pressure due to rising mark-up payments

Updated 30 May, 2024 09:31am

Public assets: Ministry seeks data to share it with IMF

Says IMF has recommended actions on an issue that the data on public assets was inconsistent and not easily centralised

Updated 27 May, 2024 11:43am

Exploring investment: PM expected to visit UAE in a couple of weeks

ISLAMABAD: Prime Minister Shehbaz Sharif is expected to visit United Arab Emirates (UAE) within a couple of weeks,...

Updated 19 May, 2024 03:10pm

Pakistan

Govt reduces petrol price by Rs15.39, HSD’s by Rs7.88 per litre

New prices come into effect from May 16, 2024

Updated 15 May, 2024 11:55pm

Urea fertilizer: MoF refuses to extend subsidy due to financial snags

ISLAMABAD: The Finance Ministry has reportedly refused to extend subsidy on urea fertilizer due to financial...

Updated 14 May, 2024 01:13pm

Pakistan

Finance Minister says no such thing as strategic state-owned enterprises

Muhammad Aurangzeb says there will be a public-private partnership and we will accelerate the privatisation agenda

Updated 12 May, 2024 10:24pm

Growing pressure on expenditures: Higher mark-up payments behind challenge: MoF

Total expenditures during July-February 2024 remained under pressure due to higher mark-up payments

Updated 01 May, 2024 04:36pm

9MFY24: Fiscal deficit recorded at Rs3.902trn

ISLAMABAD: Fiscal deficit has been recorded at 3.7 percent (Rs3,902.416 billion) of the GDP during the first nine...

Updated 01 May, 2024 09:20am

Ministries, divisions told to surrender funds on May 15th

ISLAMABAD: The Finance Ministry has directed all the ministries and divisions to surrender the current financial...

Updated 18 Apr, 2024 09:47am

MoF, FBR direct officials not to engage with media

ISLAMABAD: The Finance Ministry and the Federal Board of Revenue (FBR) have directed their officials not to engage...

Updated 09 Apr, 2024 01:31pm

Editorials

Pension reforms: key to fiscal health

EDITORIAL: The long-festering issue of pension reforms has gained significant traction in recent times due to the...

Published 06 Apr, 2024 05:28am

Business & Finance

Q2 GDP stands at 1pc despite improvement in agri sector

ISLAMABAD: The GDP growth stood at one percent in the second quarter of the ongoing fiscal year against the revised...

Updated 30 Mar, 2024 08:47am

Reforms agenda: Govt committed to working with IMF: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb has expressed the government’s commitment towards working with the...

Updated 15 Mar, 2024 08:28am

Expenditure: Higher mark-up payments putting significant pressure: Finance

ISLAMABAD: The Finance Ministry has stated that higher mark-up payments are putting significant pressure on...

Updated 01 Mar, 2024 09:06am

Business & Finance

PBF wants a ‘non-technocrat’ as next finance minister

KARACHI: Pakistan Business Forum (PBF) has urged the Prime Minister (in-waiting) to appoint a politician on the slot...

Updated 23 Feb, 2024 10:48am

Austerity steps approved by PM

ISLAMABAD: Caretaker Prime Minister Anwar-ul-Haq Kakar approved a number of austerity measures to stop unnecessary...

Updated 23 Feb, 2024 09:36am

Borrowing level of caretakers comparatively lower than PDM govt’s: MoF

ISLAMABAD: The Finance Ministry has maintained that the domestic and external borrowings during the period of the...

Updated 23 Feb, 2024 08:54am

PIA’s stock of losses: MoF, MoP develop differences

ISLAMABAD: Finance Ministry and Privatisation Ministry have reportedly developed serious differences on the total...

Updated 17 Feb, 2024 04:17pm

SOEs Act, 2023: Body formed to look into legal status of govt entities

ISLAMABAD: The Finance Ministry has constituted a committee on State-Owned Enterprises (SOEs) to look into matters...

Updated 13 Feb, 2024 09:28am

MoF issues FY25 budget call circular

ISLAMABAD: The Finance Ministry has issued the Budget Call Circular (BCC) for fiscal year 2024-25 with a timeline...

Updated 08 Feb, 2024 10:00am

Sindh, Balochistan: MoC seeks MoF’s support for recovery of urea subsidy share

ISLAMABAD: The Commerce Ministry has sought the Finance Ministry’s support to recover 50pc share of cost of imported...

Updated 07 Feb, 2024 09:35am

Reconciled power sector payables: Sindh urges MoF to rescind ‘at source deduction’ order

ISLAMABAD: Finance Department (Sindh) has requested Federal Finance Ministry to rescind its order regarding at...

Updated 05 Feb, 2024 03:07pm

Challenges of inflation persist: MoF

ISLAMABAD: The Finance Ministry has said the challenges of inflation persist in the forms of supply chain...

Updated 01 Feb, 2024 08:58am

Petrol price raised by Rs13.55

ISLAMABAD: Interim government on Wednesday approved a substantial raise in ex-depot price of petrol, ie, by 13.55...

Updated 01 Feb, 2024 08:59am

Editorials

Growing circular debt challenge

EDITORIAL: The power sector circular debt, as per a Business Recorder exclusive news item, reached a high of 2.551...

Published 30 Jan, 2024 04:52am

Pension reforms: ED voices its concern over certain ‘amendments’

ISLAMABAD: The Establishment Division is said to have expressed its concern over some amendments to proposed pension...

Updated 27 Jan, 2024 10:38pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	278.72
USD PKR Interbank Buying / Jun 12	278.47
USD to Japanese Yen / Jun 13	157.03
USD to Swiss Franc / Jun 13	0.90
Pound Sterling to USD / Jun 13	1.28
Euro to USD / Jun 13	1.08

Stock	Volume
S&P 500 / Jun 13	5421.03
India Sensex / Jun 13	76818.22
Tokyo Nikkei / Jun 13	38793.17
Nasdaq / Jun 13	17608.44
Hang Seng / Jun 13	18017.22
FTSE 100 / Jun 13	8215.48
Dow Jones / Jun 13	38712.21
Germany DAX 30 / Jun 13	18630.86

Item	Value
Petrol/Litre / Jun 13	268.36
Crude Oil USD/Barrel / Jun 13	78.31
Karachi Cotton PKR/37.32 KG / Jun 13	19935
Gold 10 Grams PKR / Jun 13	207390
Gold Spot USD/Ounce / Jun 13	2311.94
Diesel/Litre / Jun 13	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 13 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 13 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 13 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 13 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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