Trends - MOF - Business Recorder

MOF

Daunting fiscal challenges

Since the assumption of power in April 2022, the coalition government of Pakistan Democratic Movement (PDM) has been...

Published 31 Mar, 2023 06:45am

Business & Finance

MoF seeks revised draft of TDS pact with KE

ISLAMABAD: Ministry of Finance (MoF) has sought revised draft of Tariff Differential Subsidy (TDS) agreement with...

Updated 14 Mar, 2023 09:21am

MoF frames draft rules for NTR

ISLAMABAD: Ministry of Finance has framed draft rules, procedures for collection, reporting and monitoring of ...

Updated 27 May, 2022 09:57am

PD asked to clear KE’s TDS claims

ISLAMABAD: Ministry of Finance (MoF) has urged the Power Division to clear Tariff Differential Subsidy (TDS) claims...

Updated 10 May, 2022 10:10am

MoF starts work on truncated PSDP

ISLAMABAD: Finance Ministry has conveyed approval of federal government for revision of Public Sector Development...

Updated 15 Apr, 2022 10:47am

MoF’s monthly outlook: Domestic, world scenarios may ‘ramify economic recovery’

ISLAMABAD: The federal government is apprehensive that domestic and international changing scenario may have...

Updated 29 Mar, 2022 10:07am

Financial crunch: MoF refuses subsidy on phosphatic, potash fertilizers

ISLAMABAD: Finance Ministry has refused to increase subsidy on phosphatic and potash fertilizers due to serious...

Updated 28 Mar, 2022 04:10pm

Editorials

Unfair criticism?

EDITORIAL: State Bank of Pakistan (SBP) and Ministry of Finance (MoF) are becoming too sensitive to critical...

Published 04 Mar, 2022 04:37am

Purchase of sugar from mills: MoF refuses to allocate funds

ISLAMABAD: Finance Ministry has reportedly refused to allocate funds for procurement of 0.3 Million Metric Tons ...

Updated 03 Mar, 2022 09:52am

BPS 1 to 19 employees: MoF grants 15pc disparity reduction allowance

ISLAMABAD: The Finance Ministry has granted 15 percent disparity reduction allowance to the federal government...

Updated 24 Feb, 2022 09:59am

$50m defence credit line for Sri Lanka: MoDP advised to seek approval from ECC

ISLAMABAD: Ministry of Finance (MoF) has advised Ministry of Defence Production (MoDP) to seek ECC approval for...

Updated 17 Feb, 2022 09:54am

Markets

POL items’ supply chain: PSO urges MoF, MoE to arrange Rs50bn before 31st

ISLAMABAD: Pakistan State Oil (PSO) has sent an SOS to Ministry of Energy and Ministry of Finance to arrange Rs 50...

Published 13 Jan, 2022 07:17am

Tough decisions taken for sake of economic growth: MoF spokesperson

KARACHI: Muzammil Aslam, spokesperson Finance Ministry, said on Saturday that the government has taken some tough...

Updated 02 Jan, 2022 09:52am

Pakistan

Rs259.250bn debt retirement: PAC panel asks MoF, SBP to reconcile finance minister’s statement

ISLAMABAD: A meeting of the sub-committee of the Public Account Committee (PAC) has asked the Finance Ministry and...

Published 31 Dec, 2021 06:50am

BR Research

Overhaul the debt office now!

Last week there was a sense of panic in the money and stock markets after growth-on-steroids was reported for ...

Published 07 Dec, 2021 07:59am

Pakistan

Cabinet meeting: MoF asked to remove ‘disconnect’ between monetary, fiscal policies

ISLAMABAD: The Finance Ministry has reportedly been asked to remove the disconnect between monetary and fiscal...

Published 30 Nov, 2021 05:23am

Pakistan

'High inflation: no room for excuses': MoF clarification

In response to the news item titled "High inflation: no room for excuses", published in Business Recorder, it is...

Published 16 Nov, 2021 04:26am

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

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

Ex-officio members: MoF asked to review nominations/appointments on PSEs’ boards

ISLAMABAD: The Federal Cabinet has directed the Ministry of Finance to review nominations/appointments of ex-officio...

Published 23 May, 2021 03:06am

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

Tarin given finance portfolio in economic team shake-up

• Hammad Azhar, Omar Ayub and Khusro Bakhtiar made Minister of Energy, Minister of Economic Affairs Division,...

Published 17 Apr, 2021 03:28am

SMEDA suggests simplification of tax procedures

Business

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 11 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 11 First Elite Capital Modaraba(FECM)	5.99 ▲ 0.99 (19.80%)
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	4.80 ▲ 0.61 (14.56%)
Dar-es-Salaam / Dec 11 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Silk Bank Ltd / Dec 11 Silkbank Limited(SILK)	1.24 ▲ 0.14 (12.73%)
Nazir Cotton Mills / Dec 11 Nazir Cotton Mills Limited(NCML)	4.24 ▲ 0.44 (11.58%)
Pace (Pak) Ltd. / Dec 11 Pace (Pakistan) Limited(PACE)	2.85 ▲ 0.29 (11.33%)
Samba Bank / Dec 11 Samba Bank Limited(SBL)	9.93 ▲ 1.00 (11.20%)
Alfalah ETF. / Dec 11 Alfalah Consumer Index ETF.(ACIETF)	12 ▲ 1.01 (9.19%)
Trust Mod. / Dec 11 Trust Modaraba(TRSM)	2.17 ▲ 0.17 (8.50%)

Stock	Price
Sec. Inv. Bank / Dec 11 Security Investment Bank Limited(SIBL)	4.89 ▼ -0.85 (-14.81%)
Next Capital / Dec 11 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
Redco Textile / Dec 11 Redco Textiles Limited(REDCO)	6.23 ▼ -0.57 (-8.38%)
Asim Textile / Dec 11 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 11 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Dadex Eternit / Dec 11 Dadex Eternit Limited(DADX)	45.73 ▼ -3.71 (-7.50%)
J.A.Textile / Dec 11 J.A. Textile Mills Limited(JATM)	46.64 ▼ -3.78 (-7.50%)
Reliance Cotton / Dec 11 Reliance Cotton Spinning Mills Limited(RCML)	629 ▼ -51.00 (-7.50%)
Sunrays Textile / Dec 11 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Masood Textile / Dec 11 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.05
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.05
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	65,177,500 ▲ 0.61
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	63,595,500 ▲ 0.45
Askari Bank / Dec 11 Askari Bank Limited(AKBL)	57,594,500 ▲ 0.57
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	54,822,000 ▲ 0.57
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.10
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.16
Pak Refinery / Dec 11 Pakistan Refinery Limited(PRL)	41,814,767 ▼ -1.64
Telecard Limited / Dec 11 Telecard Limited(TELE)	37,055,844 ▲ 0.37

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
Dow Jones / Dec 8	36247.87
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32791.80
Hang Seng / Dec 11	16156.22
FTSE 100 / Dec 11	7549.32
Germany DAX 30 / Dec 11	16771.35
France CAC40 / Dec 11	7538.69

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

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