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NFC award

Share under NFC Award: Govt may explore option of sharing debt servicing, power circular debt with provinces

Government left with only 42.5 percent from divisible pool with interest payments and circular energy debt no longer sustainable

Updated 25 May, 2024 08:29pm

9MFY24 collection: Provinces given 53pc of total revenue under NFC Award

ISLAMABAD: The provinces were transferred 53 percent of the total tax revenue collected during the first nine months...

Updated 03 May, 2024 09:31am

Govt to revisit NFC Award if IMF loan approved: Aurangzeb

ISLAMABAD: Federal Minister for Finance and Revenue, Muhammad Aurangzeb on Saturday expressed the expectation of a...

Updated 21 Apr, 2024 04:08pm

Editorials

Human development crisis

EDITORIAL: It’s been a while since Pakistan got to that point in the debt cycle when the fiscal squeeze explodes...

Published 13 Apr, 2024 03:49am

Opinion

Attacks on the NFC Award

There have recently been some attacks on the 7th NFC award relating to the distribution of federal tax revenues...

Updated 26 Mar, 2024 04:41am

Opinion

Time to revisit the NFC Award

Notwithstanding the recent IMF demand to amend the existing NFC award, there is a longstanding need to address the...

Published 19 Mar, 2024 04:53am

Provinces’ share in NFC award can’t be decreased: Sindh CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that provinces’ share in the next NFC award can only be...

Updated 17 Mar, 2024 08:10pm

Q1: Provinces’ budget surplus dips 76pc YoY

ISLAMABAD: The provinces have generated a budget surplus of Rs51.403 billion in the first quarter of the ongoing...

Updated 09 Dec, 2023 04:34pm

Opinion

When the chips are down

When the chips are down, the going gets tough and as a consequence taking hard and strategic decisions becomes...

Published 28 Oct, 2023 05:58am

Hundreds of uplift projects face the axe

These also include non-starter projects

Updated 26 Oct, 2023 09:53am

Pakistan

Federalism, constitution’s mandate: Experts highlight significance of CCI and NFC Award

ISLAMABAD: A functional Council of Common Interests (CCI) with its rules of business, consistent National Finance...

Published 21 Oct, 2023 06:05am

Opinion

The population bulge

The results of the seventh Population and Housing Census of Pakistan in 2023 have been announced recently by the...

Updated 05 Sep, 2023 07:08am

Pakistan

NFC award major reason behind govt’s inability to go after untaxed sectors: economist

Dr Ashfaque Hassan Khan says Islamabad loses incentive to tax undocumented economy as it loses big chunk of additional revenue

Published 04 Sep, 2023 05:26pm

Business & Finance

18th Amendment has weakened federation financially, claims PBF

LAHORE: Pakistan Business Forum (PBF) says eighteenth amendment financially weakened the federation in the name of...

Published 12 Jun, 2023 06:26am

Pakistan

Rabbani demands formation of new NFC Award

ISLAMABAD: Former chairman Senate and senior Pakistan People’s Party (PPP) leader Mian Raza Rabbani on Wednesday...

Published 08 Jun, 2023 06:30am

Editorials

Stop incentivising population growth

EDITORIAL: Minister for Planning Development and Special Initiatives Ahsan Iqbal while briefing the media emphasised...

Updated 24 May, 2023 06:40am

Editorials

Fiscal mismanagement

EDITORIAL: In these times of an extremely tight fiscal position where the federal government’s net revenues are ...

Published 15 May, 2023 06:41am

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

Opinion

KPK: Where was Rs417bn spent?

According to a Business Recorder news item, “The federal cabinet has reportedly decided to conduct financial and...

Published 09 Feb, 2023 06:02am

Pakistan

PSP chief demands Sindh govt announce PFC Award

Karachi: Pak Sarzameen Party (PSP) Chairman Syed Mustafa Kamal on Sunday said that 'indifferent' rulers in order to...

Published 04 Oct, 2021 06:17am

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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