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Hammad Azhar

Azhar holding finance portfolio for ‘limited period’?

ISLAMABAD: There is intense speculation that Hammad Azhar may hold portfolio of minister for finance and revenue for...

Published 01 Apr, 2021 04:10am

PSM transaction: Ministers briefed about probable timelines

ISLAMABAD: The Privatisation Commission Wednesday held two separate meetings on the privatisation of the Pakistan...

Published 01 Apr, 2021 04:10am

Cabinet to discuss economy, Covid-19 vaccine price today

ISLAMABAD: The Cabinet which is scheduled to meet on Thursday (April 1) with Prime Minister Imran Khan in the chair...

Published 01 Apr, 2021 04:10am

Business & Finance

Business leaders say…: FY22 budget be declared ‘relief and rescue budget’

KARACHI: Businessmen Group (BMG) Chairman & former KCCI President Zubair Motiwala and KCCI President Shariq ...

Published 01 Apr, 2021 04:10am

Business & Finance

ECC allows Sugar, Cotton import from India

He said that the private sector could import up to 500,000 metric tons of sugar from India.
Hammad Azhar said that they have decided to reduce the prices of petrol and diesel by Rs 1. 50 and Rs 3 per litre, respectively.
On the proposal of the Ministry of Commerce, the ECC has decided to allow cotton import from India as well, which will benefit our SMEs, said Azhar.

Updated 31 Mar, 2021 05:08pm

Business & Finance

Investors show 'great confidence' in Pakistan says Azhar, after successful bond deal

Pakistan launched a three-tranche bond deal on Tuesday to raise $2.5 billion comprising tranches of five, 10, and 30 years for which it received over $5.3 billion in combined orders, a document showed, in its first international bond sale since late 2017.

Published 31 Mar, 2021 11:46am

Pakistan

PML-N for putting names of Hafeez, Babar on ECL

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) has demanded that the names of recently fired cabinet members ...

Published 31 Mar, 2021 05:42am

Markets

PSBA chief congratulates Hammad Azhar

KARACHI: Chairman Pakistan Stock Brokers Association (PSBA) Aqeel Karim Dhedhi, on behalf of the Association,...

Published 31 Mar, 2021 05:42am

Business & Finance

Investors demand tax collection booth within KEPZ

KARACHI: Investors at Karachi Export Processing Zone (KEPZ) are facing difficulties in payment of taxes and duties...

Published 31 Mar, 2021 05:42am

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

Business & Finance

Notification issued: Hammad Azhar appointed as Finance Minister

“In exercise of the powers conferred by clause (3) of Article 92 of the Constitution of the Islamic Republic of Pakistan, the President, on the advice of the Prime Minister, has been pleased to approve the removal of Dr. Abdul Hafeez Shaikh as Federal Minister, with immediate effect,” read the notification.

Published 30 Mar, 2021 11:55am

Business & Finance

Incoming Finance Minister vows to protect against COVID shocks

“The world is witnessing supply chain disruptions and rise in food prices. We shall endeavor to protect our people from these shocks,” added Azhar.

Updated 30 Mar, 2021 12:00pm

Azhar to become new finance minister: PM removes Hafeez over ‘price hike’

ISLAMABAD: Prime Minister Imran Khan has decided to remove Finance Minister Dr Abdul Hafeez Shaikh as Finance...

Published 30 Mar, 2021 05:45am

Editorials

Marching orders

EDITORIAL: First things first, prime minister Imran Khan, according to federal information minister Shibli Faraz, ...

Published 30 Mar, 2021 05:45am

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

Editorials

Rs7.8bn Ramazan package

EDITORIAL: Fawad Chaudhary, Minister for Science and Technology, and Hammad Azhar, Minister for Industries and...

Published 24 Mar, 2021 05:10am

Pakistan

Hammad hopes smartphones sector to be bigger from automobile industry

Hammad Azhar said that effective and well-conceived industrial policies of the PTI government were now resulting into industrial revolution and robust economic growth.

Published 20 Mar, 2021 09:05pm

Business & Finance

Economic growth forecast raised amid robust industrial growth, says Hammad

While still modest, at around 3 percent, growth in FY21 is now projected to be higher than previously anticipated due to improved prospects for manufacturing and reflecting in part the monetary and fiscal stimulus provided during Covid, stated MPC.

Published 20 Mar, 2021 01:11pm

Pakistan

Hammad announces Rs7.8bn ‘Ramadan Package’ through USC

He said the government should ensure the demand and supply of daily use items at the utility stores on economic rates.

Published 16 Mar, 2021 09:29pm

Pakistan

Robust industrial growth to lift economy beyond earlier forecasts: Hammad

Hammad said that the Large Scale Manufacturing has posted a growth of 9.1% in January 2021 as compared to the corresponding period of last year.

Published 16 Mar, 2021 07:54pm

Pakistan

LSM posted growth of 9.1pc in January this year: Hammad

He said the sustained and robust growth in the industry is expected to lift economic growth beyond earlier forecasts.

Published 16 Mar, 2021 07:19pm

Business & Finance

LSMI output increases 9.13pc in January

According to provisional Quantum Index Numbers (QIM) of Large Scale Manufacturing Industries, the LSMI output increased by 5.36pc when compared to December 2020.

Published 16 Mar, 2021 12:46pm

Prices of wheat flour: Officials asked to hold meetings with CMs

ISLAMABAD: Minister for Finance and Revenue, Dr Abdul Hafeez Shaikh Monday directed the Secretary Ministry of...

Updated 16 Mar, 2021 09:33am

Pakistan

USC to collaborate with NRTC and PTCL for automation

ISLAMABAD: Utility Stores Corporation of Pakistan (USC) signs an agreement with National Radio &...

Updated 11 Mar, 2021 09:46am

SBP chief being made accountable to Parliament

ISLAMABAD: The federal cabinet on Tuesday approved three important draft bills – the State Bank of Pakistan (SBP)...

Updated 10 Mar, 2021 04:22pm

Pakistan

Provision of essential items at fair prices govt's top priority: PM

The participants of the meeting were told about the strategy to meet the wheat demand and on ways to keep control on the prices of wheat and flour.

Published 08 Mar, 2021 11:24pm

Two urea plants: Ministry seeks Rs2bn grant for subsidy

ISLAMABAD: The Ministry of Industries and Production (MoI&P) has sought over Rs2 billion supplementary grant for...

Updated 08 Mar, 2021 09:15am

Pakistan

Politics of corrupt to be buried in senate polls: Hammad Azhar

He claimed that whatever they (PDM) do PTI would emerge a largest party in senate polls.

Published 03 Mar, 2021 06:33pm

Remaining 3 FATF items: Hafeez asks departments to work harder

ISLAMABAD: Finance Minister Dr Abdul Hafeez Shaikh Monday asked the departments concerned to expedite efforts to...

Updated 02 Mar, 2021 09:41am

Pakistan

More wheat production expected during current year: Hammad Ahzar

Hammad Azhar said that previous year sugarcane crop was not good but this year would be better.

Published 02 Mar, 2021 12:18am

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 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Hammad Azhar

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