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ministry of finance

Cabinet tells MoF to conclude SoE audit by June 30th

ISLAMABAD: The Cabinet has directed the Ministry of Finance to complete forensic audit of five top loss-making...

Published 24 Mar, 2021 05:10am

Opinion

The ‘bailout’ bill

The State Bank of Pakistan (SBP) amendment bill was approved by the cabinet on 9 March 2021 after less than a...

Published 22 Mar, 2021 04:18am

Business & Finance

Finance Ministry clarifies State Bank Amendment Act 2021

It is pertinent to mention that the SBP already has longstanding MoUs / arrangements with several international regulatory bodies/central banks, after approval of the Federal Government, read the ministry statement.

Published 18 Mar, 2021 10:56am

Pakistan

Supplementary grants: PAC calls finance secy for briefing

ISLAMABAD: The Public Accounts Committee (PAC) Friday asked Finance Secretary to appear before the committee and...

Published 06 Mar, 2021 05:01am

Power sector: MoF required to provide Rs194bn additional subsidy

ISLAMABAD: Ministry of Finance (MoF) is required to provide additional a subsidy of Rs194 billion to the power ...

Published 06 Mar, 2021 05:01am

Editorials

Economy: disturbing data

EDITORIAL: Disturbing macroeconomic data was released over the weekend by the Ministry of Finance, the Pakistan...

Published 03 Mar, 2021 05:49am

Business & Finance

Pakistan’s economic growth prospects showing signs of improvement

Taking all these observations into account, YoY inflation for next month may remain between 5.5−7.5 percent.
The Monthly Economic Indicator (MEI), which is based on combining monthly data of indicators that are proven to be correlated with GDP at constant prices shows continued strong growth in January, in continuation with what was observed in the previous seven months.

Published 27 Feb, 2021 12:59pm

Pakistan

SC to take up distribution of funds to MPs today

ISLAMABAD: The Supreme Court will take up distribution of funds to members of the national and the provincial...

Published 10 Feb, 2021 04:12am

Business & Finance

Taiwan exports rocket to record high, outlook rosy

TAIPEI: Taiwan’s exports rose in January for the seventh consecutive month, with the unexpectedly strong pace...

Published 09 Feb, 2021 04:43am

Pakistan

Rates of profit on National Savings certificates enhanced

ISLAMABAD: The government on Thursday raised the rates of profits on National Savings Certificates after noticing a...

Published 22 Jan, 2021 04:47am

MoF asks depts to clear over Rs1trn liabilities

ISLAMABAD: Ministry of Finance (MoF) has reportedly asked NHA, Power Division, NTDC, Aviation Division and Strategic...

Updated 08 Jan, 2021 03:26am

Business & Finance

Inflation steadily declining for the past four weeks: Finance Ministry

During the meeting, the Secretary MNFS&R presented before NPMC the current status of wheat and sugar stocks.

Published 22 Dec, 2020 10:44am

Business & Finance

Japan posts record run of export declines on soft US, China demand

Imports shed 11.1% in November compared with the same month a year earlier, versus the median estimate for a 10.5% decrease. Japan's trade surplus narrowed to 366.8 billion yen ($3.54 billion), versus the median estimate for a 529.8 billion yen surplus.

Published 16 Dec, 2020 09:48am

Markets

Pakistan economy is underway of recovery: MoF Report

According to the report, the budget deficit reached Rs 484 billion.

Published 28 Nov, 2020 04:29pm

Pakistan

Pakistan engaged with IMF to bring review work to completion: Finance Ministry

The ministry said that the contention in the article appeared to derive from the personal views of some individuals, while the actual position was never solicited from the government.

Updated 21 Nov, 2020 08:02pm

Business & Finance

New Turkish central bank chief says inflation is main goal

In a written statement after the former finance minister was appointed Saturday to replace ousted governor Murat Uysal, Agbal said policy communication will be strengthened in the framework of transparency, accountability and predictability principles.

Published 09 Nov, 2020 11:29am

Pakistan

No change in Petrol prices: Finance Ministry

The government on Thursday decided not to change the prices of the petroleum products for the month of October.

Published 15 Oct, 2020 09:16pm

Markets

Finance Ministry issues rules for Foreign Currency Account

According to the Ministry of Finance, the proceeds of securities issued to non-residents will not be able to enter the foreign currency account.

Updated 10 Oct, 2020 09:00pm

Prices of petroleum products to remain unchanged for next 15 days

Finance Ministry states fuel prices will now be adjusted after every 15 days

Published 15 Sep, 2020 08:08pm

Business & Finance

Sale of Conventional Naya Pakistan Certificates begin

The ministry added that Shariah-compliant version is also coming very soon.

Published 14 Sep, 2020 12:18pm

Business & Finance

Govt records budget deficit of Rs3.376tn for FY2019-20

The FBR's collection stood at Rs3.998 trillion, the tax collector failed to achieve its Rs5.5 trillion annual tax collection target.

Published 12 Aug, 2020 02:36pm

Business & Finance

Deferred oil payment facility from Saudi Arabia expired last month: Ministry of Finance

The Ministry of Finance said that the deferred oil payment facility from Saudi Arabia expired on July 9 this year and a request to extend the agreement was being considered with Saudi Arabia.

Published 08 Aug, 2020 04:17pm

Business & Finance

Despite slowdown Pakistan’s external account has been stabilized: Monthly Economic Outlook

During FY2020, current account deficit is reduced by 77.9% to $ 2.9 billion (1.1 % of GDP) against $ 13.4 billion last year (4.8 % of GDP).

Published 28 Jul, 2020 01:40pm

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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