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ministry of finance

Austerity measures: MoF links Q4 releases with surrender of 5pc non-ERE funds

ISLAMABAD: The Ministry of Finance (MoF) is said to have linked releases of fourth quarter of current fiscal year,...

Updated 24 Mar, 2023 08:52am

Too tight fiscal space: MoF bans SGs, subsidies

Cites limited fiscal space and cap on expenditures as reasons

Updated 21 Mar, 2023 09:02am

Pakistan

NA body approves Pakistan Citizenship (Amendment) Bill, 2022

ISLAMABAD: The National Assembly Standing Committee on Interior on Tuesday passed, “The Pakistan Citizenship...

Published 15 Mar, 2023 06:01am

Business & Finance

Non-resident banking company: Profit on debt, capital gains from debt, debt instruments exempted from tax

ISLAMABAD: The federal government has exempted profit on debt and capital gains from debt and debt instruments from...

Published 01 Mar, 2023 06:21am

Pakistan not on IMF board’s agenda?

ISLAMABAD: The International Monetary Fund (IMF) Executive Board meeting scheduled for March 1 (today) will not...

Updated 01 Mar, 2023 09:08am

MoF says inflation likely to remain high in coming months

ISLAMABAD: Inflation is expected to remain high in the coming months around 28 to 30 percent consequent to uncertain...

Updated 01 Mar, 2023 09:06am

Opinion

Outsourcing govt borrowing!

On Friday Feb 24, a news report appeared in this newspaper that the ministry of finance (MoF) is working on a plan ...

Published 27 Feb, 2023 06:17am

Pakistan

'Completely false': Govt says no instruction given to stop payment of salaries, pensions

Says AGPR has confirmed salaries and pension have already been processed and will be paid on time

Updated 26 Feb, 2023 09:59am

CCP actively investigating key sectors: MoF advertises 4 vacant positions of members

ISLAMABAD: The Ministry of Finance has advertised four vacant positions of members of the Competition Commission of...

Updated 25 Feb, 2023 01:29pm

Maiden auction: Govt borrows Rs5.5bn via Ijarah Sukuk

Sukuk is also approved by the Shariah Advisory Committee of the SBP to ensure its adherence to Islamic law

Updated 18 Feb, 2023 01:00pm

Supplements

Islamic Republic of Iran 44th Anniversary of the Islamic Revolution: PAIR Investment Co. Ltd.

TEXT: PAIR symbolizes the relationship of two brotherly countries Islamic Republic of Pakistan and Islamic Republic...

Published 11 Feb, 2023 05:57am

Pakistan

Ministry proposes increase in taxes on sugary drinks

ISLAMABAD: The Ministry of National Health Services and Regulations has proposed to the Ministry of Finance to...

Published 09 Feb, 2023 07:25am

Opinion

PARTLY FACETIOUS: The punchline in my favourite advertisement

“It’s all about optics.” “I disagree.” “How come? Haven’t you heard that a picture is worth a thousand...

Updated 02 Feb, 2023 06:36am

Markets

'Higher than expectations': Pakistan's headline inflation clocks in at 27.6% in January

This is the highest inflation reading since 27.8% recorded in May 1975, says analyst
CPI inflation in rural areas increased to 32.3% on year-on-year basis in January 2023

Updated 01 Feb, 2023 04:25pm

Paracetamol: govt to allow increase in price

ISLAMABAD: The government is all set to increase the price of paracetamol tablets on demand of manufacturers of...

Updated 01 Feb, 2023 09:24am

Editorials

‘Mini-budget’ revenue impact raised

EDITORIAL: Informed sources have revealed exclusively to Business Recorder that the Ministry of Finance has ...

Published 31 Jan, 2023 06:01am

Rs300bn taxation measures thru Ord on the way

FBR drafts proposals of new taxation measures to be enforced through the promulgation of the Tax Laws Amendments Ordinance, 2023

Updated 26 Jan, 2023 09:49am

Protection of Economic Reforms Act: MoF asks Power Div to satisfy Chinese lenders

ISLAMABAD: Ministry of Finance (MoF) has asked Power Division to expedite measures to satisfy Chinese lenders on the...

Updated 23 Jan, 2023 09:22am

Business & Finance

Govt approves appointment of Ashraf Wathra as NBP board chairman

The federal government on Thursday approved the appointment of former State Bank of Pakistan (SBP) governor Ashraf...

Published 18 Jan, 2023 04:08pm

Opinion

Road to self-sustainability

During the last few decades, global economies have been facing tough challenges. The recent spell started in March...

Updated 13 Jan, 2023 07:28am

Editorials

Foreign inflows

EDITORIAL: State news agency of Kingdom of Saudi Arabia (KSA) has reported that the KSA government could increase ...

Published 12 Jan, 2023 05:51am

Steel prices surge to all-time high level

KARACHI: The prices of steel rebars rose to an all-time level of Rs 235,000 per metric ton due to shortage of raw...

Updated 11 Jan, 2023 10:24am

Edible oil: SBP, MoF urged to ask banks to open LCs

ISLAMABAD: The edible oil industry has asked the State Bank of Pakistan (SBP) and Ministry of Finance to direct the...

Updated 06 Jan, 2023 09:12am

Pakistan

Pakistan's headline inflation clocks in at 24.5% in December

CPI-based number has stayed above 20% for the last 7 months

Updated 02 Jan, 2023 06:51pm

Raw materials of steel sector: MoF, SBP urged to instruct commercial banks to prioritise LCs

ISLAMABAD: The documented steel sector has asked the Ministry of Finance and the State Bank of Pakistan (SBP) to...

Updated 01 Jan, 2023 10:09am

765kV DC transmission lines: FD asks PD to take action on award of contract

ISLAMABAD: The Finance Division has asked the Power Division to take appropriate action on award of 765 kV DC...

Updated 09 Dec, 2022 09:28am

Amendments to power plants’ documents,transition from USD Libor benchmark to SOFR: MoF urges PD to nominate body as focal point

ISLAMABAD: The Ministry of Finance has urged the Power Division to nominate a body as focal point to facilitate...

Updated 09 Dec, 2022 09:31am

Markets

Rupee registers marginal decline, settles at 224.16 against US dollar

Currency down 0.02% in inter-bank market on Wednesday

Updated 07 Dec, 2022 06:18pm

Markets

ECC approves wheat import of 450,000MT from Russia

Finance ministry says M/s Prodintorg, Russia had made offer of $372/MT on G2G basis for shipment period from February 1 to March 31

Updated 05 Dec, 2022 06:35pm

Editorials

IMF programme: a shabby muddle

EDITORIAL: Credible reports emanating from the Ministry of Finance reveal that the International Monetary Fund (IMF)...

Published 05 Dec, 2022 06:00am

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 24 The Pakistan General Insurance Co. Ltd.(PKGI)	4.25 ▲ 0.39 (10.10%)
KASB Modaraba / Mar 24 KASB Modaraba(KASBM)	1.25 ▲ 0.11 (9.65%)
Khyber Tex. / Mar 24 Khyber Textile Mills Limited(KHYT)	297.60 ▲ 20.76 (7.50%)
Shield Corp. / Mar 24 Shield Corporation Limited(SCL)	244.99 ▲ 17.09 (7.50%)
Sapphire Fibres / Mar 24 Sapphire Fibres Limited(SFL)	1026.39 ▲ 71.60 (7.50%)
Tandlianwala Sugar / Mar 24 Tandlianwala Sugar Mills Limited(TSML)	83.72 ▲ 5.84 (7.50%)
Khairpur / Mar 24 Khairpur Sugar Mills Limited(KPUS)	57.38 ▲ 4.00 (7.49%)
Pakistan Services / Mar 24 Pakistan Services Limited(PSEL)	1277 ▲ 89.00 (7.49%)
Shahtaj Textile / Mar 24 Shahtaj Textile Limited(STJT)	84.22 ▲ 5.87 (7.49%)
Shakarganj / Mar 24 Shakarganj Limited(SML)	33.50 ▲ 2.33 (7.48%)

Stock	Price
Dewan Sugar / Mar 24 Dewan Sugar Mills Limited(DWSM)	2.22 ▼ -0.29 (-11.55%)
Pak Agro Pack. (GEM) / Mar 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.88 ▼ -1.00 (-11.26%)
HBL Invest Fund / Mar 24 HBL Investment Fund(HIFA)	1.55 ▼ -0.15 (-8.82%)
Kohat Textile / Mar 24 Kohat Textile Mills Limited(KOHTM)	10.55 ▼ -1.00 (-8.66%)
Colony Tex.Mills Ltd / Mar 24 Colony Textile Mills Limited(CTM)	2.41 ▼ -0.21 (-8.02%)
D.S. Ind. Ltd. / Mar 24 D.S. Industries Limited(DSIL)	2.22 ▼ -0.18 (-7.50%)
Gadoon Textile / Mar 24 Gadoon Textile Mills Limited(GADT)	193.33 ▼ -15.67 (-7.50%)
Philip Morris Pak. / Mar 24 Philip Morris (Pakistan) Limited(PMPK)	471.75 ▼ -38.25 (-7.50%)
Quetta Textile / Mar 24 Quetta Textile Mills Limited(QUET)	15.67 ▼ -1.27 (-7.50%)
Masood Textile / Mar 24 Masood Textile Mills Limited(MSOT)	41.42 ▼ -3.33 (-7.44%)

Stock	Volume
Fauji Cement / Mar 24 Fauji Cement Company Limited(FCCL)	17,487,500 ▼ -0.23
WorldCall Telecom / Mar 24 Worldcall Telecom Limited(WTL)	11,071,860 ▼ -0.02
Thatta Cement / Mar 24 Thatta Cement Company Limited(THCCL)	9,211,500 ▼ -0.16
Fauji Foods Ltd / Mar 24 Fauji Foods Limited(FFL)	7,792,084 ▼ -0.14
Ghani Glo Hol / Mar 24 Ghani Global Holdings Limited(GGL)	5,968,150 ▼ -0.59
Telecard Limited / Mar 24 Telecard Limited(TELE)	5,558,000 ▼ -0.52
Hascol Petrol / Mar 24 Hascol Petroleum Limited(HASCOL)	4,387,500 ▼ -0.11
Meezan Bank / Mar 24 Meezan Bank Limited(MEBL)	3,700,308 ▼ -0.27
Cnergyico PK / Mar 24 Cnergyico PK Limited(CNERGY)	3,587,106 ▼ -0.06
Maple Leaf Cement / Mar 24 Maple Leaf Cement Factory Limited(MLCF)	3,522,701 ▼ -0.31

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.13
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.23
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 23	3948.72
Nasdaq / Mar 23	11787.40
Dow Jones / Mar 23	32105.25
India Sensex / Mar 24	57895.48
Tokyo Nikkei / Mar 24	27326.43
Hang Seng / Mar 24	19970.42
FTSE 100 / Mar 24	7408.41
Germany DAX 30 / Mar 24	15034.97
France CAC40 / Mar 24	7056.60

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.79
Gold Spot USD/Ounce / Mar 24	1989.92
Cotton US¢/pound / Mar 24	77.60

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