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ministry of finance

July 2021 Economic Update

EDITORIAL: The Ministry of Finance in its July Outlook noted that economic recovery remained intact in June, ...

Published 02 Aug, 2021 06:02am

Opinion

BoP: there’s definitely a sense of deja vu

Pressure is building on balance of payments (BoP). Many are confusing this with the situation last witnessed in...

Updated 01 Aug, 2021 12:42pm

Dr Ishrat explains why he has quit

Dr Ishrat maintains that he joined the government with the understanding that he would serve for three years and would seek retirement once he attains the age of 80

Updated 31 Jul, 2021 10:39am

MoF for ensuring sustainability of new growth strategy

ISLAMABAD: There is a need to ensure that the new growth strategy is sustainable without any macroeconomic...

Updated 29 Jul, 2021 09:21am

Govt-owned power plants: MoF opposes Rs177.8bn payment due to limited fiscal space

ISLAMABAD: The Ministry of Finance (MoF) has reportedly opposed payment of Rs 177.8 billion to the government=owned...

Updated 21 Jul, 2021 08:48am

Development projects, recurrent budget: Strategy for release of funds notified by MoF

ISLAMABAD: The Ministry of Finance (MoF), on Monday, notified the strategy for release of funds for development...

Updated 06 Jul, 2021 10:31am

Financial management, powers of PAOs’ regulations: amendments

ISLAMABAD: The Ministry of Finance Monday notified amendments to Financial Management and Powers of Principal...

Published 06 Jul, 2021 03:48am

Opinion

PARTLY FACETIOUS: Hemingway was not an economist

“The government’s narrative is simple: everything is hunky-dory except inflation and that too will be controlled...

Published 01 Jul, 2021 04:09am

Loan write-off cases: MoF attracts Cabinet annoyance for not sharing names, details

ISLAMABAD: The Federal Cabinet has reportedly expressed annoyance at the Ministry of Finance (MoF) for not sharing...

Published 01 Jul, 2021 04:09am

Business & Finance

Economic rebound to continue, says finance ministry

Current account balance is expected to show a deficit of around $0.5 billion by the end of the current fiscal year, states Monthly Economic Update & Outlook June 2021

Published 29 Jun, 2021 01:38pm

Pakistan

Finance Ministry’s rejoinder to Miftah Ismail’s remarks

ISLAMABAD: Ministry of Finance on Sunday said that International Monetary Fund (IMF) program is intact and a new...

Published 21 Jun, 2021 03:43am

Opinion

PES: surprises and inconsistencies

There are some very surprising and sometimes even conflicting estimates and gaps in the recently- released Pakistan...

Published 15 Jun, 2021 03:30am

Pakistan

PPRA rules: Panel examines MoFA's compliance

ISLAMABAD: A parliamentary panel, on Monday, examined the compliance of the Ministry of Foreign Affairs (MoFA), in...

Published 01 Jun, 2021 04:59am

Ministry may pay first instalment to 35 IPPs by weekend

ISLAMABAD: Ministry of Finance is likely to pay the first instalment of Rs90 billion to 35 Independent Power...

Published 31 May, 2021 03:12am

Opinion

Improving value-added exports: some suggestions

A new team has taken over the Ministry of Finance in Islamabad. Let us hope they will be more amenable to issues...

Published 12 May, 2021 04:23am

Pakistan

MoF issues circular to remove pensioners' hurdles

ISLAMABAD: The Ministry of Finance (MoF) has issued a circular for removal of difficulties faced by those pensioners...

Updated 09 May, 2021 10:32am

Fitch seeks viewpoint on China’s future role in bilateral financing

ISLAMABAD: Fitch Ratings- Hong Kong, an international sovereign rating agency, which is conducting Pakistan’s...

Published 07 May, 2021 04:35am

Business & Finance

January to March: Exports to Japan jump by 40pc

ISLAMABAD: Pakistan’s exports to Japan have jumped by 40 percent in the first quarter (Jan-Mar) during the current...

Published 03 May, 2021 04:39am

Business & Finance

Govt discontinues Rs7,500, Rs15,000 prize bonds

ISLAMABAD: The government has decided to withdraw circulation of Rs 15,000 and Rs 7,500 prize bonds with immediate...

Updated 30 Apr, 2021 10:30am

Business & Finance

Pakistan‘s inflation rate expected to remain 8-9.5pc in April

The monthly bulletin was of the view that the recent increases in international and domestic energy prices are expected to have transitory effects on inflation.

Published 28 Apr, 2021 02:10pm

Opinion

Reforming the reformers

Those tasked with bringing about reform for Pakistan through planning and development have no easy job, but their...

Published 15 Apr, 2021 03:22am

Editorials

Finally, the bond issue

EDITORIAL: This week marked the launch of 2.5 billion dollar three-tranche bond deal – one billion for five years...

Published 02 Apr, 2021 04:58am

Business & Finance

PRGMEA felicitates Azhar

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association has extended felicitation to Hammad...

Published 02 Apr, 2021 04:58am

Foreign commercial loans: MoF seeks exemption on interest/profit payment

ISLAMABAD: Ministry of Finance (MoF) has sought tax exemption on interest/profit payment accrued on foreign...

Published 31 Mar, 2021 05:42am

Business & Finance

Public misconceptions about SBP bill

In the following paragraphs I will be dilating on the subject of the role of various stakeholders with respect to...

Published 29 Mar, 2021 06:05am

Opinion

In defence of SBP bill

There is quite a stir in the media and policy circles on the proposed amendments in the SBP law. Journalists and...

Published 28 Mar, 2021 04:14am

Economist explains why he opposes bill

ISLAMABAD: State Bank of Pakistan Amendment Bill 2021 approved by the cabinet “without” proper discussion and in...

Published 26 Mar, 2021 05:22am

Markets

PSX Board urges Finance ministry, FBR to review proposed tax amendments

It was of the view that the capital markets in Pakistan are probably the most documented sector of the economy.

Published 25 Mar, 2021 03:56pm

Opinion

‘Budgetary impact of SOEs’

This is apropos a Business Recorder op-ed “Budgetary impact of SOEs” carried by the newspaper on Tuesday. The...

Published 25 Mar, 2021 05:08am

Editorials

PTI govt’s welfare initiatives

EDITORIAL: Prime Minister Imran Khan tweeted on the Pakistan Day that the country is back on track by “bringing ...

Published 25 Mar, 2021 05:08am

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 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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