Trends - MOF - Business Recorder

MOF

MoF says markup payments remain a challenge

Consolidation efforts on track as revenues witness increase of 63 percent, with 30 percent increase in FBR collection and 117 percent surge in non-tax revenues

Updated 06 Apr, 2024 05:09pm

Today MoF going to embark upon budgetary works

ISLAMABAD: The Ministry of Finance (MoF) is all set to start Demand Review Committee/Priority Committee meeting from...

Updated 22 Mar, 2024 08:32am

Pending payments to int’l agencies: MoF asks PAOs to set aside funds in budget estimates

ISLAMABAD: Ministry of Finance (MoF) has asked Principal Accounting Officers (PAOs) of all the Ministries to ensure...

Updated 14 Mar, 2024 09:48am

MoF refuses to release Rs70bn KE TDS due to non-reconciliation

ISLAMABAD: Ministry of Finance (MoF) has reportedly refused to release Rs70 billion K-Electric Tariff Differential...

Updated 22 Feb, 2024 09:50am

Privatisation programme: MoF opposes delisting of all Discos

Suggests that only those companies be delisted which are selected for the concession model

Updated 29 Jan, 2024 09:49am

Pakistan

(AGEGA)-Federal holds protest demo at MoF and MoH

ISLAMABAD: The All Government Employees Grand Alliance (AGEGA)-Federal protested outside the Ministry of Finance and...

Published 19 Jan, 2024 05:37am

Opinion

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

Business

SMEDA suggests simplification of tax procedures

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) in its budget proposals for 2021-22 has...

Published 13 Apr, 2021 04:31am

PIA’s Roosevelt hotel: MoF for consulting NAB before making payment

ISLAMABAD: Secretary, Ministry of Finance (MoF), Kamran Ali Afzal, is said to have underscored the need for...

Published 01 Apr, 2021 04:10am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 1	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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