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Hafeez Shaikh

Caretaker PM: PPP denies consensus on Hafeez Shaikh’s name

ISLAMABAD: Pakistan People’s Party (PPP) Secretary General Nayyar Hussain Bokhari on Monday denied consensus on...

Published 08 Aug, 2023 06:37am

Pakistan

Hafeez Shaikh among candidates shortlisted for caretaker PM: Sanaullah

Says caretaker set-up would be announced on Wednesday or Thursday

Updated 07 Aug, 2023 12:59am

Tarin now appointed adviser to PM

ISLAMABAD: The government, on Monday, appointed Shaukat Fayaz Ahmed Tarin, former finance minister, as Adviser to ...

Published 19 Oct, 2021 03:52am

Rs252bn to be raised through sell-off proceeds

ISLAMABAD: The federal government has budgeted to generate Rs252 billion from privatisation proceeds in financial...

Published 12 Jun, 2021 05:04am

Ecnec reconstituted; Tarin replaces Hafeez as chairman

ISLAMABAD: The government has reconstituted the Executive Committee of the National Economic Council (Ecnec) and...

Published 18 May, 2021 05:05am

Govt seeks easing of conditions

He also spelled out his plan as the finance minister to negotiate with the IMF and how he wanted to achieve growth, and stated that the PSDP allocation would be fully utilised.

Published 06 May, 2021 03:49am

Pakistan

Former finance minister Hafeez Shaikh contracts coronavirus

"Just found out that Dr Hafeez Shaikh has tested positive for Covid-19. I pray for his swift recovery and good health," recently appointed Finance Minister Hammad Azhar tweeted.

Published 30 Mar, 2021 02:17pm

Pakistan

Hammad Azhar to replace Hafeez Shaikh as finance minister

As per reports, Federal Minister of Industries and Production Hammad Azhar would be appointed as a replacement for Hafeez Shaikh.
The development comes weeks after PPP candidate Yusuf Raza Gilani defeated Hafeez Shaikh in the Islamabad general seat Senate elections.

Updated 29 Mar, 2021 09:35pm

Pakistan

PTI, PDM don’t prioritise Karachi: JI

KARACHI: Jamaat e Islami (JI) Karachi chief Engr Hafiz Naeem-ur-Rehman said that unfortunately both the ruling...

Published 16 Mar, 2021 04:43am

Business & Finance

Ex-Commerce minister blast at govt decision to withdraw tax exemptions

Akhtar said unfortunately Pakistan is moving in an opposite direction. “I think this will have a negative impact on Pakistan’s economy,” he said.

Published 11 Mar, 2021 02:50pm

Pakistan

‘Senate election showed how we are losing our moral compass’: PM

"Many nations before you were destroyed when there was one law for the powerful and another for the weak," the PM said while quoting the Holy Prophet (PBUH).
The premier added that without justice and rule of law, states disintegrate because once moral authority is lost, deal making (NRO) with the powerful criminals is resorted to.

Published 11 Mar, 2021 09:55am

Pakistan

PM Imran vows to bring election reforms to eliminate corrupt practices

“We are taking measures to ensure that next Senate elections would be held through the open ballot,” said Imran Khan.
"The Opposition used money to win the Islamabad seat," he said, referring to Dr Abdul Hafeez Shaikh's surprise loss to former prime minister Yousaf Raza Gilani.

Updated 08 Mar, 2021 09:23pm

Pakistan

PM Imran directs Hafeez Shaikh to continue as Finance Minister

During the meeting PM Imran expressed full confidence in his abilities and asked that he continue his work.
Shaikh had lost a Senate seat from PDM's joint candidate Yousuf Raza Gilani.

Updated 06 Mar, 2021 08:58pm

Pakistan

Getting Hafeez Shaikh elected to Parliament: There are various options open to govt

ISLAMABAD: The federal government is mulling over different options to bring Finance Minister Hafeez Shaikh to the...

Published 06 Mar, 2021 05:01am

Pakistan

Nawaz asks Imran to step down

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) supremo and former premier, Nawaz Sharif on Thursday, asked ...

Updated 05 Mar, 2021 09:43am

PM holds talks with COAS, ISI chief

ISLAMABAD: Prime Minister Imran Khan on Thursday held a detailed meeting with Army Chief General Qamar Javed Bajwa...

Updated 05 Mar, 2021 09:44am

Pakistan

Senate election: PM Imran questions ECP’s responsibility, transparency

"This is important because what problems our nation suffers from stem from the very situation that unfolded yesterday," said Imran Khan.
Premier has already announced to seek vote of confidence from National Assembly on Saturday.

Updated 04 Mar, 2021 07:43pm

Pakistan

Senate polls: Fawad ‘surprised’ over delay in reforms by ECP

ISLAMABAD: Minister for Science and Technology, Fawad Chaudhry Tuesday expressed ‘surprise’ over the ‘delay’...

Published 03 Mar, 2021 05:49am

PPP terms ECP's press release charge-sheet against Punjab govt

ISLAMABAD: The Pakistan Peoples Party (PPP) said the press release of the Election Commission of Pakistan (ECP)...

Updated 21 Feb, 2021 10:19am

Business & Finance

IMF deal would attract foreign investment in Pakistan, says Shaikh

The finance minister was of the view that the latest agreement would make Pakistan an attractive destination for international investors and gobal capital markets.

Updated 17 Feb, 2021 04:00pm

Pakistan

Hafeez Sheikh submits nomination papers for Senate election

Sheikh along with his fellow lawmakers, Azam Swati, Hammad Azhar and others reached the Election Commission of Pakistan (ECP) office to submit his nomination papers.
He was confident that the PTI will emerge victorious in the upcoming Senate elections.

Updated 13 Feb, 2021 02:38pm

Pakistan

PTI finalises Faisal Vawda, Hafeez Shaikh and others as candidates for Senate polls

The Federal Minister for Science and Technology Fawad Chaudhry disclosed the development in a series of tweets stating that the party has finalised most of its candidates for the Senate polls.
"From Sindh, Faisal Vawda will contest the election while Saifullah Abro will contest the election for the technocrats seat as the PTI's candidate," the minister tweeted.

Updated 12 Feb, 2021 08:56pm

Business & Finance

Govt to sign new agreement with IPP’s: Hafeez Shaikh

On issues revolving the power sector, he said that "there is a lot of focus on the power sector."

Published 06 Feb, 2021 01:27pm

Pakistan

Govt committed to ensure provision of essential commodities at affordable prices: Hafeez Shaikh

Finance secretary outlined the significant decline in year-on-year CPI to 5.7% in January 2021 as compared to 14.6% in January last year.

Published 01 Feb, 2021 09:23pm

Business & Finance

Pakistan talks with IMF at advanced stage says Hafeez Shaikh

On the wheat shortage issue, he said the government would import 4 million tonnes of wheat during the current year to meet the demand.

Published 29 Jan, 2021 10:21am

Pakistan

Senate elections: List of PTI candidates from Sindh sent to PM

KARACHI: A list of possible Pakistan Tehreek-e-Insaf (PTI) candidates from Sindh for the upcoming Senate elections...

Published 20 Jan, 2021 04:29am

Pakistan

ECC approves 2pc additional cut in customs duties on 152 tariff lines

The Additional Secretary of the ministry gave a detailed presentation regarding availability of wheat stocks across the country.

Published 06 Jan, 2021 09:29pm

Business & Finance

Finance Adviser Shaikh urges on improving governance

Shaikh said that despite the Coronavirus pandemic, the Pakistani economy performed positively, the government distributed financial assistance to the beneficiaries under the Ehsas program and provided a special package for the business community to mitigate the COVID-19 impact.

Published 18 Nov, 2020 02:22pm

Business & Finance

ECC approves extension of power purchase agreement with Iran

The ECC granted approval for the renewal of the contract with Tavanir Iran for the purchase of 104MW of electricity subject to vetting by the Ministry of Law and Justice.

Published 28 Oct, 2020 04:22pm

Pakistan

Hafeez Shaikh chairs FBR policy board meeting

During the meeting, the chair also inquired on the progress of clearance of containers on the Torkham Borders.

Published 22 Oct, 2020 09:22pm

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 8 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 8 Chakwal Spinning Mills Limited(CWSM)	2.44 ▲ 0.40 (19.61%)
Punjab Mod / Dec 8 First Punjab Modaraba(FPJM)	1.98 ▲ 0.27 (15.79%)
Saritow Spinning / Dec 8 Saritow Spinning Mills Limited(SSML)	8.35 ▲ 1.00 (13.61%)
Jubilee Spinning / Dec 8 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
F.Treet Manuf / Dec 8 First Treet Manufacturing Modaraba(FTMM)	4.60 ▲ 0.50 (12.20%)
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	4.45 ▲ 0.48 (12.09%)
Samba Bank / Dec 8 Samba Bank Limited(SBL)	9.35 ▲ 1.00 (11.98%)
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	9.72 ▲ 1.00 (11.47%)
Dewan Textile / Dec 8 Dewan Textile Mills Limited(DWTM)	4.75 ▲ 0.47 (10.98%)

Stock	Price
Sec. Inv. Bank / Dec 8 Security Investment Bank Limited(SIBL)	5.74 ▼ -1.00 (-14.84%)
Tri-Star Mutual / Dec 8 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.49 (-8.84%)
Supernet Ltd. / Dec 8 Supernet Limited(GEMSPNL)	12.90 ▼ -1.05 (-7.53%)
Universal Network (GEM) / Dec 8 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
Leather Up Ltd. / Dec 8 Leather Up Limited(LEUL)	10.54 ▼ -0.81 (-7.14%)
Trust Mod. / Dec 8 Trust Modaraba(TRSM)	2 ▼ -0.15 (-6.98%)
LSE Propetech / Dec 8 LSE Propetech Limited(LSEPL)	4.46 ▼ -0.33 (-6.89%)
Ismail Ind. / Dec 8 Ismail Industries Limited(ISIL)	1300 ▼ -95.00 (-6.81%)
Kohat Textile / Dec 8 Kohat Textile Mills Limited(KOHTM)	18.31 ▼ -1.19 (-6.10%)
Hoechst Pak. / Dec 8 Hoechst Pakistan Limited(HPL)	1200 ▼ -77.00 (-6.03%)

Stock	Volume
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	341,598,066 ▲ 0.48
Cnergyico PK / Dec 8 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.02
WorldCall Telecom / Dec 8 Worldcall Telecom Limited(WTL)	97,311,739 ▲ 0.04
Hascol Petrol / Dec 8 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.27
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	57,212,000 ▲ 1.00
Kohinoor Spining / Dec 8 Kohinoor Spinning Mills Limited(KOSM)	56,298,000 ▲ 0.42
Fauji Foods Ltd / Dec 8 Fauji Foods Limited(FFL)	47,608,697 ▲ 0.96
Pak Elektron / Dec 8 Pak Elektron Limited(PAEL)	42,544,241 ▲ 1.23
Hum Network / Dec 8 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.07
TPL Properties / Dec 8 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.08

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	143.72
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.26
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 7	5.48

Stock	Volume
S&P 500 / Dec 7	4585.59
Nasdaq / Dec 7	14340
Dow Jones / Dec 7	36117.38
India Sensex / Dec 8	69810.76
Tokyo Nikkei / Dec 8	32305.33
Hang Seng / Dec 8	16275.13
FTSE 100 / Dec 8	7514.73
Germany DAX 30 / Dec 8	16654.79
France CAC40 / Dec 8	7458.02

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 7	17235
Gold 10 Grams PKR / Dec 7	187671
Crude Oil USD/Barrel / Dec 8	70.35
Gold Spot USD/Ounce / Dec 8	2031.22
Cotton US¢/pound / Dec 8	82.72

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Hafeez Shaikh

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